Effects of Television on Society

THE EFFECTS OF TELEVISION ON SOCIETY December 12th, 2007 At the end of the XVIIIth century, scientists have discovered a way to transmit an image from a point to another. It was the beginning of television. Since then, every household has a television. Over the years, it has revolutionized people’s life. Now, as it has become a spread consumer good, everybody has one television at home, even sometimes, two or more. It has changed people’s life because the television is seen as a mean of entertainment. The striking point is that television has become a usual good whereas in the past it was almost considered as an expensive good that not all the families could afford. By watching television, people are easily able to escape from the routine of their everyday life, and to relax. In other words, television is a mean of discovering, exploring, learning, dreaming, and thinking. However, even if it has changed people’s life and has a good effect on them, it has many bad effects on them too. In fact, it is also a mean to destroy people’s life. It destroys people life because, in most of the cases, it influences a lot of people. Orson Welles, a famous American screenwriter, film and theatre director, a film producer and an actor in films, and theatres, once said: â€Å"I hate television. I hate it as much as peanuts. But I can’t stop eating peanuts†. This quotation is a way to show to people that television can be compared as a drug that people cannot get rid off. Like drugs, it makes people doing things that, in most cases, they would not have done. Actually, it has a strong power of influencing people in a bad way. It influences the ones who are psychological weak, and people who cannot make the difference between the fiction and the real life. As a result, some people think that violence on television influences people because they are not able, to see what is true and what is false. However, even if it has some bad sides, television is seen as educational and a mean to develop people’s knowledge. Even if books and newspapers are the two most important ways of learning, television had conquest people’s heart and now is trusted by lots of them. Television has many bad sides and bad effects that can be very dangerous for people and the ones who live around them. It destroys people’s life in a way, and sometimes pushes them to do things they would not have thought they would have done such as commit crimes. Over the years, television has become a drug for a large amount of people. In fact, they cannot live without it and have to watch it everyday. People became addicted to their everyday shows, and cannot live without watching them. Actually, some people cannot imagine their everyday life without a television. Television has become their most popular hobby. It is, in fact, the most popular one even before sport or going out with some friends. Socialization does not seem anymore to be a priority in people’s life. It seems that nowadays, people prefer watching TV rather than doing other things. According to the website www. turnoffyourtv. com, people spend about two hours per day in front of their television set. In this survey, men are pointed out because they spend more time watching television than women. So, they are more addictive than women because they watch television between two and three hours per day. It is all the more outstanding as television has become most popular than other hobbies such as sport that could be more interesting. To show that people are really addicted to television, the Media Awareness Network website says that â€Å"A scientific American article entitled â€Å"Television Addiction† examined why children and adults may find it hard to turn their TVs off. According to researchers, viewers feel an instant sense of relaxation when they start to watch TV—but that feeling disappears just as quickly when the box is turned off. While people generally feel more energized after playing sports or engaging in hobbies, after watching TV they usually feel depleted of energy. According to the article â€Å"this is the irony of TV: people watch a great deal longer than they plan to, even though prolonged viewing is less rewarding. † Because of this addiction, people can withdraw into themselves and live apart from the society they are living in. According to another website, children spend twenty five hours per week in front of their television set instead of spending their free time playing with their friends or practicing sports. This behavior should alert their parents because going outside and meeting people are parts of their education. As a result, children should not stay all day long in their house watching television and playing video games. It is not good for their education as well as for their socialization. Moreover, the television has other bad consequences and the first target is children. In addition to what was said previously, television influences the youngest. In fact, children are an easy target for television producer. They are much more easily influenced than adults for example. As a result, they can be influenced by violent movies such as thrillers, and can have a weird and violent behavior after having watching such a movie. Watching a violent show can give children the taste of violence and other related behaviors. As they are innocent, they cannot make the difference between what fiction is and what reality is. They want to do what their superheroes do, no matter what. As a result, watching a violent movie can affect in a bad way the weaker. It can make them thinking about murders and sometimes make them committing crimes. Even a person who comes from a well educated and wealthy family can be touched by it. It does not only affect people with financial and other problems. As a result to this violence on television, on April 19th, 2001, in Columbine High School, Colorado, two teenagers named Eric Harris and Dylan Klebold killed twelve students and one teacher and then killed themselves. They had guns that they had ordered online and homemade bombs they had made days before the massacre. According to the media, they did that because they were both influenced by television and both influenced by a singer named Marilyn Manson and his music videos. Moreover, as they were the victims of mockeries and were rejected by the others, they decided to killed people to show them that they were not as stupid as they thought. In a way, both killers were influenced by violent movie. They were both full of anger and were ready to kill everybody. In fact, in the cybercollege website, it is said that the more children watch television, the more aggressive they become in the future. Moreover, they would be more likely to repeat what they have seen on television. In addition to that, an article in changingchannels. com says: â€Å"Basically, what these studies indicate is that violent media images tend to make us all just a bit more aggressive and impatient. The effect is more dramatic on children, who mentally process media violence the same way they would actual violence — and can be traumatized by exposure to excessively violent scenes. † As a shocking fact to prove that, in howtotalktoyourkids. om website in 2001, 75% of boys and 60% of girls said that they hit somebody in the past year because they were angry. Another outstanding fact that could be added is the event that occurred on April 16th, 2007 in the United States of America. Seung-Hui Cho, an American Korean who was a senior at Virginia Tech University, killed thirty three people and killed himself. His motivation to commit murders was because he wanted to kill people. In other words, h e did that just to kill and to have blood on his hands. In fact, this student had psychological problems as doctors said. However, he was not the only one to be blamed. In fact, as he was also part of a generation that spends their time watching violent movies and that is very easily influenced, television should also be blamed. Plus, by watching such movies, kids can think that violence resolves any problems they have to face. As a result, they are willing to practice bullying, to employ swear words and to hit people if they do not have what they want or if they are disappointed of something. They think this is the only way and do not think that talking could be a good solution. Moreover, the ones who watch violent movies could become afraid of the reality. They could, in fact, think that what happens in movies could become true. It can destabilize them. As a result, they can have psychological problems. The university killer had psychological problems, so people can say that he may have watched violent show on television when he was young, and since then he had been traumatized. Then, people should be aware that sometimes wrong information is given on television. As a result, people should remain conscious that information can be amplified to scare people. Most of the time, the weaker cannot see what is wrong and what is true. People should listen to what is said on television; but to confirm what they have learned they should read the newspapers, for example, to expand their knowledge and to have many different points of view to construct their culture. The more information people have about a subject, the more able they are to see what could be true and what could be false. So, while everybody is sitting in front of the screen, many people work â€Å"behind† the television set. Who are these people see? Who controls what will be shown and what won’t? People do not know anything about what happens backstage, and all these people who are working hard â€Å"behind† have a big influence on television viewers. Most of the viewers do not know it, but they work in order to control their mind. Even if they think they can have their own opinion on what they are seeing, television has an important influence on people’s thoughts. If people do not know a part of an information, or if they only have one point of view about the news, they can not be really objectives. In fact, television is absolutely not objective! There are too many possibilities to influence people thanks to television (for politics, or economics managers) than it is a very practical way to introduce some ideas in households and in people’s minds. Television also influences people in their way of consuming goods. It has, in fact, increased the amount of goods purchased per family. Kids sometimes see some toys on television advertisement and want it because it is brand new. They are always influenced by new products coming out and their parents have to buy the toys they want. Because of television and its commercials, people are willing to buy the same things. So, television is used by brands to promote themselves. That’s why there is a lot of advertising on television, during movies, between programs. Companies use the fact that many people watch television to set their spots when many people will see it. As a result to that, most of households have felt into a society of mass consumption that increases each year. Finally, television has bad effects of people’s healthy development. Researches were made to prove to people that watching television increases people’s obesity. In fact, people like eating junk food and drinking sodas while watching television. Excess of nibbling between main dishes is not good for people’s body and increases a lot their weight. A lot of American families cannot spend their television time without eating food. They need at least something to put in their mouth to feed them. However, it does not only touch the American culture. As the Media Awareness Network website shows, almost one in four Canadian children, between  seven and twelve years old, is obese (researches made by the Heart and Stroke Foundation of Canada). Moreover, watching too much television during the same period of time is not good for people’s eyes. In fact if people stay focus in the same position and in the dark while watching their favorite show, it will damage their eyes vision. In addition to that, smokers smoke a lot of cigarettes while there are in front of their television set. So, it increases a lot the possibility for them to have a cancer. It also touch people’s health because instead of doing sport people do another one which is â€Å"coach potato†. This sport is not a good one for people’s health. As a result, people do not lose ny weight because most of them spend a lot of their free time in front of their television set. However, some people think television is good for everybody because positive points can be seen. In fact, even it influences a lot the weaker; it gives a lot of useful information and is a mean of learning. First, television is a new way of learning. When television firs t arrived, it was a revolution for people because they could get the chance to have news from it by watching the daily news magazine. It gives people information about what happen all around the world. It is a mean to have more information so that people can easily make up their mind. In fact, by reading the newspaper, listening to the radio, and then watching documentary shows or news on television, people can increase a lot their knowledge. Television is also seen as a mean to learn. For example, in schools teachers use a lot television to show to their students some documentaries that could be related to their courses. This is seen as an incentive for students. Thanks to it, they can make direct relationships between what their teachers have taught them and what they have seen on television. As teenagers were born with a television, not as most of the teachers were, the teachers think that using television could interest them more. Laurie Rozakis, a writer, focuses a lot of the good effects television has on people. In fact, in Writing Essentials for the Pre-GED Student, she stresses the fact that television helped her in three different ways. First, it helped her to learn English better, and then, it helped her to learn more about the country she was living in: the United Sates of America. The third way was that television helped her to stay out of trouble. She did not go outside at night because she was watching the shows she liked the most. Then, television is a way to escape from reality. Sometimes, it helps people dreaming about a new world for example. Some movies can help them traveling. For example, the ones who cannot travel would enjoy watching a travel documentary of the country they are dreaming about. Television also gives the â€Å"family model† through shows on television. It is the model everybody dreams about. In addition to that, people who have financial problems or who are in hospital can escape their problems by watching television. Thanks to that, they forget for some hours what they have to endure every day. Television is also a family time. It gathers people around the same thing. The Media Awareness Network website focuses a lot on the fact that television is good for family values. First, it allows people to spend time together. Nowadays, people do not have a lot of time to spend with their family. As they spend many hours at works and in transportations, they do not get the chance to have time with their family, except during week ends. As a result, television watched at fix hours allowed them to gather and to discuss together about important subjects. The more information people have from others, the better it is for them and their general culture. As a result to these discussions, children would learn more from it and would become more open-minded. Moreover, they can have the chance to discuss these subjects in class, and give their own opinion to their class. To conclude, the effects the television has on people are an opened debate since many years and would still be in the future. Even if it has bad repercussions, such as fear of the others, violence, mass consumption, it has also good effects. In a way, television increases people’s knowledge. It gives them more information about an event, and it gathers people round the same sofas to share ideas, opinions and feelings. As the Media Awareness Network website says â€Å"Parents should also pay close attention to what their children see in the news since studies have shown that kids are more afraid of violence in news coverage than in any other media content. Fear based on real news events increases as children get older and are better able to distinguish fantasy from reality. † It has been shown that television is something very important in households, and that many people care a lot about their television and about what is shown. However, people who control television channels know that and they try to influence people. They know that what they will show will be heard by thousands of people and that it will have an important influence on the society, and sometimes on the consumption. So, people should seriously take into consideration that television has both good and bad effects on them. These people should warn the youngest about what is good and what is bad, and what to do with the massive information the television gives them. BIBLIOGRAPHY Rozakis, Laurie. Writing Essentials for the Pre-GED Student. Thomson Peterson’s. 2003: 182. †¢ Changing Channels Website. http://www. changingchannels. org/effects1. htm. 16 October 2006. †¢ Media Awareness Network website. http://www. media-awareness. ca/. †¢ Kill Your Television. http://www. turnoffyourtv. com. †¢ How To Talk To Your Kids website. http://howtotalktoyourkids. com/index_base. html †¢ Medias Literacy Review. 15 October 200 6 http://interact. uoregon. edu/medialit/mlr/readings/articles/front. html

Example of Six-Step Decision Plan

Rainier Joseph S. Viacrucis. MBA-1 Managerial Decision Making Using the six-step Decision-Making process: 1. Identifying the Problem and its details: a. A teenager is asking his/her parents to buy a high-end gadget that is the trend/must-have of his/her generation (ex. I-phone or I-pad) as a present for his/her birthday b. The teenager is given an allowance of 200 pesos per school day. c. The family is living on a budget, and is cutting its cost – the parents do not want to spend beyond the allowance of the teenager. d. There are possible part-time jobs available though there are no known detailed facts on them. TASK: Help the parents decide on the best solution to the situation/ what to do in the situation. 2. Developing Possible Alternatives: a. Buy Gadget – Buy the gadget immediately; since it is the birthday of their child; he/she will only be a child once in a lifetime, this will show that you really care about him/her. b. Reward System – Negotiation of a reward system for better grades or exam results. The exams results or better grades must be worth the reward. . Buy Gadget Substitute – Parents can by a substitute of the high-end gadget; which may look like the real thing or have the same functionality with the popular one but with a much lower price. d. Garage sale proceeds – The parent and teenager can agree to sell old items of the teenager via â€Å"Garage Sale† and the proceeds of the endeavor will be used to buy the gadget the teenager wants. e. Part-T ime Job – The teenager can opt to do a part-time job. It may take time to gather up the money needed to buy the gadget. f. Installment Payment of the Gadget – The parents can buy the gadget via â€Å"installment basis† and will cut-off the allowance for a significant amount which will be used to pay/help pay the monthly installment. g. Matching Savings (50/50 savings) – The parent will match the amount of savings per day of the teenager and will deposit the amount to the bank for safekeeping, while the teenager can have the passbook and have a joint signatory with his/her parent. h. Payment by Service – in-house part-time job of the teenager. . Don’t Buy The Gadget – Let the teenager understand that you are living on a budget, and he/she must do his/her part. Make him/her see that the gadget he/she wants to buy is unnecessary. 3. Evaluating the Possible Alternatives: a. Buy Gadget – â€Å"We’ll buy it! Happy birthday†¦ we love you! † i. Positive: The parents can make the teenager know that they care for him/her. ii. Negative: The gesture will just spoil the teenager; he/she will not know the value of money/the gadget bought. iii. Negative: The Family is on a budget; expenses should only be on very necessary items – the gadget is more of a luxury the family can’t afford in this day and age. b. Reward System – â€Å"Good Job! Here’s your Reward! † i. Positive: The teenager will give additional effort in his/her studies and other activities. ii. Positive: The teenager will value more the gadget, since he/she worked hard in studying or do well in other activities to get it. iii. Positive: The System will encourage good behavior and more productive activities. iv. Negative: What if there is no reward? The reward will be the motivation of the teenager and this will complicate relationships, especially when the parent can’t deliver the assumed reward. v. Negative: could foster an unhealthy reliance on adult opinion instead of forming their own because they are constantly looking for reaffirmation or approval via an adult mandated award system. c. Buy Gadget Substitute – â€Å"Here†¦ It has the same features, but it’s more practical†¦Ã¢â‚¬  i. Positive: If the Teenager can well understand the situation of the family-being on budget; he/she will appreciate that he/she was still bought a gadget of the similar functions. i. Positive: The teenager will know the value of money. iii. Positive: the teenager will learn to be content on simpler things. iv. Negative: since the teenager knows that the gadget is cheaper, he/she will not value/take care the gadget. v. Negative: the teenager may become disappointed that he/she is only given a substitute of the one he/she wants. d. Garage Sale Proceeds – â€Å"To buy what you want, you must sell what you don’t need. † i. Positive: The teenager will value the object, since he lost something he had in order to get it. i. Positive: The teenager’s skill in selling items will be exercised – he is practicing to be a new entrepreneur. iii. Positive: The teenager’s room will be more in order. iv. Negative: What if the teenager’s want is not moral/not good? – He/she will sell what he/she has just to get it. Even worse, he/she may sell all the items in your house. v. Negative: Sense of Sentimental value for things will not be recognized by the teenager. e. Part-time job – â€Å"If you really want it, you must work for it. † i. Positive: It gives the sense of independence to the teenager. ii. Positive: The teenager will learn the skills of Time Management. iii. Positive: The teenager will have his/her own source of income. iv. Positive: He/she will learn the value of money – he/she will learn that it is not easy to obtain/earn it. v. Negative: It will be hard for the teenager to focus on his/her studies. vi. Negative: he/she will be tempted to drop out of school, since he/she has already started to earn money. vii. Negative: He/she will be stressed in handling both schools and work. . Installment payment of Gadget – â€Å"You’ll pay for it over a period of time with part of your allowance. † i. Positive: You can put it in your budget. Instead of paying the full amount, you can pay for it over the period of time. ii. Positive: Some networks/Company offers bundles including their service (Post Paid plans of Networks) iii. Positive: The teenager will learn how to budget his finances . iv. Negative: The interest is high when you pay for an item in an installment basis. v. Negative: The teenager may learn of other ways to earn money (which may not be good) – to compensate for the cut in allowance. g. Matching savings – â€Å"I’ll match what you save, so we can buy it. † i. Positive: It gives a sense of partnership between the teenager and the parents. ii. Positive: It teaches the teenager the value of savings. iii. Negative: He/she will be more eager to save; he/she may sacrifice his/her basic needs just to buy the item. iv. Negative: He/she may not exert more effort to extra-curricular activities which could enhance his skills and knowledge. . Negative: Since the teenager is saving, He/she may not mingle more with friends who could hurt the development of his/her social skills. h. Payment by service – â€Å"I’ll buy it, but you’ll have to do this†¦. † i. Positive: The teenager will learn that you need to do something before you can have something. ii. Positive: The teenager will learn how to be patient. iii. Positive: Teenager will learn the basic household skills which are very important in the future. iv. Negative: The teenager will not do anything inside the house if not paid/rewarded of some kind. . Negative: There will be no sense of responsibility for the child – since he/she will do the household chores for a price. i. Don’t Buy The Gadget – â€Å"We don’t need it, we must buy only necessary things† i. Positive: If the teenager will understand that they are in a budget – he/she will learn the value of thriftiness and buying only the necessary things. ii. Positive: The Money will be used to buy more necessary items. iii. Negative: If the teenager will not understand – the teenager may be disappointed and could ruin their relationship 4. Recommendation of An alternative (or Make the Decision) My recommendation is more of a combination of different Alternatives stated above. First is having a conversation with the teenager, it is very necessary to make him understand the situation – the family is on a budget. Second, it is also essential that the teenager has a part in buying the gadget – he/she must have a contribution, preferably money he/she earned. Third, the deal must be designed in a way that establishes more trust between the parents and the teenager, as well as prepare for his/her future. My recommendation is the Matching Savings Alternative combined with Part-time alternative – this motivates the teenager, as well as teaches him to save and to budget his finances. Having the Matching savings alternative minimizes the pressure to the teenager in his work, while the Part-time alternative minimizes the pressure of saving and sacrificing the school day allowance. This combination establishes a partnership between them, as well as teaching the teenager the important mindset and skills he will need in the future. Also this kind of joint venture could work for any other project and/or for his future needs. . What is required for the Alternative (Implementation of the Decision) To implement the combination, you must help the teenager find a part-time job, one that does not conflict with his studies – weekends. You will also want to open an account with the bank; some banks have these kinds of accounts (ex. WISE account of RCBC)- Joint account, while giving the custody of the passbook to the teenager – as a sign of trust. 6. How to Monitor Solution/What are the possible effects of the Alternative (Monitor you solution): It is very important to monitor/tract the progress of the solution, especially for this combination. The monitoring control could either be the weekly or monthly deposit of the Matching savings alternative – check to see whether the money is already enough; this recurring activity could also serve as a bonding moment between the parents and the teenager which could deepen the relationship. It is also very essential that the parent will motivate the teenager from time to time especially with him/her having a part-time job – on the road to his/her independence.

Ban Cell Phones While Driving Research Paper Example | Topics and Well Written Essays - 500 words

Ban Cell Phones While Driving - Research Paper Example Nobody has any doubt in using the cell phones during our daily activities; however, cell phone usages at the time of driving should be restricted considering the accidents it can cause. Not only can the driver who used the cell phone, but innocent people also lose their life because of the accidents developed out of the driving with a cell phone. In other words, the consequences of rash driving are affecting both the driver and the innocent people. The driver who uses cell phones can argue that he is ready to accept the consequences; however, he cannot compensate others if they lose their lives because of irresponsible driving. There is nothing wrong in using the cell phones while driving a vehicle. But, if it is essential, the driver should park the vehicle somewhere before using the phones. Even if he failed to attend an incoming call while driving, he can call back the person and after parking the vehicle. â€Å"Using a cell phone while driving is as dangerous as driving with a blood-alcohol level of .08- the point at which drivers are considered intoxicated in most U.S. states†(Bauer). Many people believe that using cell phones while driving has nothing to do with the driving prowess of the driver. They are unaware of the fact that driving requires more than 1005 concentration. The coordination of hands, legs, and the brain is important for safe driving. Cell phone usages while driving will force the driver to give some attention to the words of the person on the other end of the phone.

Grendel Essay Example | Topics and Well Written Essays - 1250 words

Grendel - Essay Example An epic, which generically narrates human features such as morality, beauty, courage, and unconditional love, was invented by mankind to suffice the need for clarity. One of the most celebrated Anglo-Saxon epics is an account of the perilous adventures and incredible battles with monsters of the legendary king Beowulf. Yet, this human-centered view of the world which was manifested by Beowulf’s almost superhuman abilities and talents was reversed by an acclaimed fictional author, John Gardner; this reversal was done by means of placing Grendel, the monster in the epic as the rational and intuitive protagonist instead of the idealistic human image of Beowulf in his own version entitled Grendel. Suffering from a gruesome childhood accident, Gardner’s affected psychological state manifested its brilliance through his continual production of grotesque fictional literary pieces during his lifetime. Grendel is absolutely not a feel-good work of art but a elaborate literary st yle that uses abstract philosophical notions of both irrational non-human and rational human existences to reinforce the underlying themes of the story, which are the two faces of mankind in the mercy of historical progression and the evolution of humanity from barbarism to a civilization ruled by esteemed morale and social order. Emerging from these points of view, this paper will argue that Grendel was the symbolical figure in the narrative that embodied the primitive instincts of mankind, yet triumphantly achieved a higher understanding of essential human values through assuming a position as an outside observer of the human world. Moreover, Grendel as a monster was an allegory to represent the inevitable engagement of every individual in discerning the blatant conflict between â€Å"what is† and â€Å"what ought to be†, and to transform themselves to rational beings capable of creating institutions such as religion, and ideologies that could serve as their protecti on from both the

Labor Arbitration Process Essay Example | Topics and Well Written Essays - 1500 words

Labor Arbitration Process - Essay Example Another common way of dispute resolution is mediation. It also involves the role of one mediator, but his role is more of a compromiser than a final decision maker. An arbitrator attempts to resolve a dispute by hearing from both management and workers to arrive an amicable solution, which is binding on both parties. The role of a mediator is facilitating the communication between deputed parties to find a solution by themselves in the presence of mediator. Rarely does the mediator exert pressure to accept a solution. Conciliation is another way out for labor problems, but it is more or less same as that of mediation. Today, arbitration is used worldwide as a mechanism of resolving labor problems, and indeed in many other areas. The common forms of arbitration can be defined as below (Arbitration and Mediation): "Compulsory arbitration is a dispute resolution that is required by law. Widely accepted in Australia and New Zealand, compulsory arbitration was practiced by the National War Labor Board during World War II. It is a binding process. Expedited arbitration is a process intended to speed up the arbitration process with an informal hearing and awards generally rendered within five days. It was first used in 1971 in settling disputes in the steel industry. Expedited arbitration was als6 designed as a cost-saving method of dispute resolution. Interest arbitration is the use of an arbitrator or arbitrator board to render a binding decision in resolving a dispute over new contract terms (also called non-justifiable arbitration). Final offer selection arbitration is an interest arbitration process in which the arbitrator or arbitrator board selects either the union or management proposal to the solution. There can be no compromised decisions. This process is also termed either-or arbitration. Tripartite arbitration is a process wherein a three-member panel of arbitrators is used to reach a decision. Both labor and management select an arbitrator and the third is selected by the other two arbitrators or the parties to the dispute as a neutral participant". This essay is an attempt to review the history and future of labor arbitration in the United States, about which there have been many misconceptions. The essay attempts to clarify this much debated issue in a simple and lucid manner and to give an idea about the role of labor arbitration in labor relations. Secondary sources such as internet alone is used to justify the main arguments. History of Labor Arbitration in the U.S. This is a much debates and controversial topic in the United States. There are many misconceptions about the evolution of labor arbitration process in the country. The history of arbitration as a dispute resolving mechanism dates back to English common law and is the oldest form of dispute settlement. There were many instances of the use of arbitration in olden days. Among them the most notable are- "King Solomon was an arbitrator and arbitration was used to settle differences during the Greco-Roman period. George Washington was an advocate of arbitration and, in his will, mandated using the process if disputes arose over his estate. The use of arbitration in labor disputes was a common practice in the late 19th century but developed more rapidly after World War II as a substitute for work stoppages. During World War II, the

The James Bond Franchise Movies Essay Example | Topics and Well Written Essays - 2250 words - 17

The James Bond Franchise Movies - Essay Example The movies produced in the James Bond franchise strongly reflect the changing American identity and experience. The start of James Bond Films began with the purchase of rights from Ian Fleming by the American CBS television network, to turn the novel, Casino Royale, into a television adventure that would last for one hour (Rubin 23). The television adventure was adapted for screen by Anthony Ellis and Charles Bennett. It starred the American actor, Barry Nelson, as Bond. The movie franchise then developed over time under the auspices of Eon Productions, expanding in terms of business revenues and performance. It currently takes pride as the world’s one of the most experienced and lasting film organization in the world. Most of its movies espouse the events that mark the American experience and identity (Rubin 27). A number of these movies are highlighted below to show how they show and strongly reflect the identity and experience of America. From Russia with Love (1964) was the second movie done by the James Bond Film franchise. It was produced by the Eon Productions. The producers of the film were Albert Broccoli and Harry Saltzman while the director of the movie was Terence Young. The movie was premised and informed by a novel that had the same title done by Ian Fleming. The movie’s story centers on the mission that James Bond is sent to accomplish, which is to help in the defection of Soviet consulate clerk in Turkey. SPECTRE has arrangements for revenging the killing of Dr. No by Bond (Dodd 125). Red tells Bond â€Å"The first one wont kill you; not the second, not even the third... not till you crawl over here and you KISS MY FOOT!† (Young). The film is quite informative about the experience and identity of America. An analysis of the film presents a picture of how America was during the days and the transformation that had taken effect in the movie industry by then.

The Law of the Sea applied to the Mar case Research Paper - 1

The Law of the Sea applied to the Mar case - Research Paper Example rgument that the vessels were in their territorial waters when the incident occurred, Italy on the other hand argues the vessels were in the high seas. There is therefore a deadlock on how international law should be applied in this case. It is worth noting the fact that the two countries are parties to the United Nations Convention to the Law of the Sea (UNCLOS). This law is found to codify much on modern international law that is presumed to cover most of the aspects that create a dispute between the two countries. This convention is therefore of use when determining the aspects like that of which country should have jurisdiction over this case. For example, article 111 of the convention gives a mention of all the conditions under which it is prudent for a given country to stop a vessel from another country while on the high seas (Chaturvedi). According to this jurisdiction, India may be found to possess jurisdiction over the case but the argument is that the two marines enjoy what is called functional immunity. There is therefore a likelihood of a conflict between Marà ² Case and the convention. The facts Of the case are that on the specified date the ship carrying the Italians and was on its way to Djibouti from Singapore was approached by a vessel off the coast of Kerala India. This ship was flying an Italian flag and had in it six Italian marines and according to the Italian government, these men wearing the Italian uniform are mandated with the task of protecting vessels with the Italian flag from any form of Pirate attacks while at sea. With this spirit, it is noted that the Italian vessels demanded for identification of the vessels, which was approaching them (Anand p.g. 250). In addition, they demanded that it leaves its path. The Italians further argument is that they fired at the approaching vessels as an intimidation tactic and they claim to have made the shots in water. This means that the shots were not directed to anyone specific and that no one

Aqualisa Quartz Low Sales Essay Example | Topics and Well Written Essays - 1500 words - 5

Aqualisa Quartz Low Sales - Essay Example The shower industry in the UK has three channels of distribution. Trade shops, showrooms, and DIY sheds are the channels of distribution for the Aqualisa products.   Trade shops carry plumbing supplies for plumbers.   Trade shops normally only carries what will sell, or in essence what is in demand. Showrooms are supplied by distributors. This channel is for high end customers. When an individual buyer comes to a showroom, they tend to not be concerned with price. DIY sheds are supplies for do-it-yourselfers. B&Q is like Home Depot. This market is for bargain hunters and home improvers. These three channels of distribution are where Aqualisa Quartz will be marketed. The best channel of distribution for the Aqualisa Quartz is the showroom. The reason for the good showroom sales for the Aqualisa Quartz is the digital features on the showerhead. Individuals walk into the showroom and see the red light that stops blinking when the shower is the right temperature. This novelty alone sells most of the units in the showroom. Aqualisa Quartz is easier to install and more efficient than other showers, but plumbers are skeptical of using new products. This lowers the sales in the trade showrooms. Aqualisa Quartz has been marketed properly for the DIY sheds, due to the fear that it would lessen the product value. All of these factors have led to lower sales than expected for the new innovative Aqualisa Quartz. In order to raise sales, the key factors must be looked at. Since the Aqualisa Quartz is an innovative new product, Aqualisa priced the product higher as a premium item. The Quartz Standard is 850 pounds and the Quartz Pumped is 1,080 pounds.1 This makes it the highest product sold by Aqualisa. It also makes it the highest money maker for the company, but only when sold. If Aqualisa Quartz was marked down, consumers might feel they are getting a bargain and quality.

Discussion 24 Essay Example | Topics and Well Written Essays - 250 words

Discussion 24 - Essay Example Once this has been established you can determine how the visit should be reported† (Reporting the Confirmation of Pregnancy Visit par. 3). The discourse regarding coding pregnancy visit proceeds to make clarifications regarding patients who already had undertaken a home pregnancy test and was confirmed to be positive. In this instance, it was alleged that the purpose of the visit was to confirm the pregnancy; in which case, the noted E/M services code should be used. Otherwise, it was also explicitly noted that if the OB record was disclosed to have been initiated; the global OB package would be used and, as such, there is no need to bill the patient separately (Reporting the Confirmation of Pregnancy Visit). Other points that were discussed included confirming the pregnancy by another physician; the diagnostic reporting options; when global obstetrical care actually starts; guidelines to closely look into in global OB packages; and final decisions regarding initiating global OB care (Reporting the Confirmation of Pregnancy Visit). "Reporting the Confirmation of Pregnancy Visit." 2013. Americal College of Obstetricians and Gynecologists. 12 April 2013

Texas Revolution of 1836 Essay Example | Topics and Well Written Essays - 1000 words

Texas Revolution of 1836 - Essay Example Interested readers and researchers can also trace down the sources in order to ensure the credibility of the sources. The use of original sources is the fact that adds towards the credibility of the books. Roger Borroel, the author of the book, is a Vietnam veteran who was in the 101st Airborne Division during the year 1968-1969. He graduated from Purdue University in 1980. He has conducted significant research and published over 15 works on the Texas Revolution of 1836. From the sources presented in the book, it can be said that the author has done enough research on the subject matter and he has presented it in a convincing manner. It can be inferred that he retains enough qualifications for writing this book. The Structure of the Book The book is written as a concise historical perspective and in order to add concreteness to the information given in the book, the author has also added numerous illustrations in the book. There are twenty-four pictures, drawings and other illustrati ons and the book is stretched over 238 pages. There is a comprehensive index provided at the start of the book which makes it easier for the reader to find out any specific piece of information. Since there are a number of events that are relevant with the Texan revolution, therefore it is normally difficult for readers to find out a specific event in the history, however this book is written in a chronological sequence of events which makes it significantly easy for the readers to find out a relevant event or document. The sources used in the book are; official governmental papers, reports, intelligent opinions, diaries, reports, and noted personal observations. This book includes translated Mexican Army documents which were never translated before in order to let the reader have an insight regarding the war. This is one of the factors that add to the credibility of the books therefore the title of the book also suggests that the historical perspective is based on original sources. Book Summary The Texan revolution was a conflict that grew into a war between Mexico and the settlers in the Texas which was a part of a state of Mexico. The war officially started from 2 October 1835. The events that triggered the conflict between the government and the American settlers in Texas were the series of legislative changes brought by the Mexican President Antonio Lopez de Santa Anna. He modified the Mexican constitution and turned it into a more centralized constitution which empowered the government and endangered the rights of the citizens. One of the most prominent factors was the Siete Leyes (Seven Laws) passed in 1835 by Antonio Lopez de Santa Anna. These laws modified the very basis of the structure of the Mexican government. The first law provided that citizenship will be granted to those who were able to read and had a specified annual income except domestic workers. The second law gave power to the President to close Congress and overpower the Mexican Supreme Court of Justice of the Nation. Military officers were also disempowered from assuming this office. The third law provided for a bicameral Congress of Deputies and Senators which would be elected by the government. The fourth law specified the manner of selection of the President and Vice president. The fifth law specified the manner of selection of the 11 member Supreme Court. The sixth law holds significant important as this law was responsible for the increased centralization

Human Inheritance Essay Example for Free

Human Inheritance Essay Ethical dilemmas are constantly confronting healthcare professionals, which is difficult to deal with as there is no correct solution. These are also known as moral dilemmas as they are situations where there is more than two choices to make and none of the choices is certain to work and can cause complications. An example of this would be ‘You are a patient and are too sick to speak for yourself. You are concerned about who will make medical decisions on your behalf, and whether your wishes will be followed. You wonder, What if they disagree about what I would want, or what would be best for me? ’. Another example of this would be with the economic downturn that you may not be able to afford the funds for food and need to feed your family but the only way in doing this is to steal or let your family starve. These dilemmas are impossible because each person thinks differently and has a different feeling towards it. There are ethical dilemmas surrounding IVF and infertility. Infertility is a genetic problem that affects women; it is not the woman’s fault. With IVF the NHS only gives each woman one free cycle and after that she has to fund it herself. An ethical dilemma with IVF is the possible wrong that is done to the infertile couple or the expected child by the physician. The success of IVF depends on the number of embryos transferred to the woman’s uterus. Because the chance of survival of an embryo in IVF is small the more transfers made the greater the chance of the woman becoming pregnant, it also increases the risk of multiple pregnancies. IVF is not allowed by the Catholic Church because it separates the unitive and the procreative aspects of marriage. To separate the unitive and the procreative aspects of marriage is a mortal sin. In addition the sperm donor commits a mortal sin in order to harvest the sperm which is needed for IVF. Although one human life may be created through the IVF technique, many surplus foetuses, (unborn babies), are destroyed through this process. Other surplus unborn babies are left frozen in the laboratories where they were manufactured as though they were not human beings, but simply consumer goods. They were not created in love through the marriage act as God intends. Multiple births also create danger to the health and well-being of the child. Premature birth and low weight when born are also issues with this, also studies that have been undertaken spina bifida is at a higher risk with children made from IVF. Also the hormones that are taken by the female in order to become pregnant are always at risk of having problems or abnormalities to the unborn child. Aminiocentesis is another ethical dilemma, during the process if abnormalities are found the mother is offered the chance to terminate her pregnancy. The ethical issues surrounding amniocentesis are seen as centring on 4 focal points. First is the policy of the diagnostic treatment centre. Here, 2 questions arise: Is the client involved in a high-risk pregnancy? And, if a positive diagnosis is made, will the parents’ consent to an abortion? Second is the role of the genetic counsellor, which is seen as supportive rather than leading. He should assist the prospective parents in reaching a decision to undergo amniocentesis and possible abortion that is mutually acceptable. The prospective parents, the third focal point, may face the question of deciding what is normal. The clients must also realize the terrible strains that are put on a marriage into which a severely defective child has been born. The fourth focal point is public policy. While amniocentesis may appear to threaten some values held important in our society, the author regards the procedure as an interim solution on the road to an understanding of and ability to treat genetic defects. Contraception is another ethical dilemma as birth control operates before pregnancy begins, and until the sperm fertilises the egg there is nothing that is going to suffer loss and so the issue is very different from the case of abortion. And since the egg and sperm would cease to exist whether fertilisation takes place or not, they cant be said to suffer loss, either. Non-religious arguments about birth control are therefore concerned only with the rights of the parents and with the consequences for those parents and for society in general. The issue of possibly killing a person, and of the rights of the mother versus the rights of the foetus, which dominate the topic of abortion, do not arise. Some people think it’s wrong as it is wrong to interfere with the natural order of the universe. People in certain religions also see it as wrong because of the fact that it is like abortion as some birth control techniques can operate by preventing the implantation and development of a fertilized egg. Those opposed to such methods say that this amounts to an abortion, and that if abortion is wrong then those forms of contraception must also be wrong. http://brendakaren. wordpress. com/2009/04/15/some-moral-and-ethical-issues-concerning-ivf-techniques/ http://www. ncbi. nlm. nih. gov/pubmed/4418247 Contraception!!! http://www. bbc. co. uk/ethics/contraception/contraception_abortion. shtml

Factors Affecting Multinational Corporations Cost Of Capital Finance Essay

Factors Affecting Multinational Corporations Cost Of Capital Finance Essay This essay will consider the key factors which affect a companys cost of capital. The essay will analyse firstly the key components which contribute towards a companys cost of capital before going to consider how these factors differ for a multinational company as opposed to those operating within a single national market. In the first instance, the essay will consider the issue of the cost of capital with specific reference to multinational organisations, as such the research will use the definition of a multinational organisation as provided by Johnson et al (2008). Here the definition given is a multinational company is simply one which operates in several diversified geographic markets which spans the borders of more than national boundary. Every business is subject to the cost of capital, the cost of capital in essence represents the cost to a business of making use of the resources for which investors in various forms put into the business in the first place. The cost of capital is incurred through a variety of methods and includes interest payments and dividends, which an investor receives as a reward for investment within a business. For pragmatic purposes the cost of capital is usual expressed as a percentage, the most common expression being that of the Weighted Average Cost of Capital (WACC). WACC is a useful way of analysing a companys cost of capital. Essentially WACC considers the relative costs of each of the component elements of the companys capital structure and then takes an average of those costs, based upon the relative weights of each component (Tennent 2008). Whilst companys may have many sources of finance, each of which have there own costs and nuances the cost of capital may be broken down into two major sources, namely debt and equity. Debt In a companys capital structure debt is usually one of the major components and consists of long term borrowings such as bank loans and other financial instruments such as bonds and debentures (Arnold 2007). The principal cost of capital with regards to the debt component of the capital structure is the payment of interest upon the capital borrowed in the first instance. In the case of a bond, interest rates are fixed at the issue of point of the bond with the company receiving a lump sum investment on issue in return for regular repayments of a fixed interest rate. On the other hand long term borrowing may have slightly more flexible approach to the cost of capital. The principal cost of long term borrowing is still an interest rate however, the borrower may opt to negotiate a fixed or floating rate of interest. Where a fixed rate of interest is agreed, then the cost of capital is also fixed for the duration and will operate like that of a bond or debenture. However, where the inter est rate is a floating one, then the parties will negotiate an initial rate but this will then be amended to reflect changes in the underlying interest rates issued by central banks. The question in relation to a multinational companies cost of capital which relates to debt is what interest rate will be paid. The answer would be a combination of the concepts of risk and central bank interest rates. A companys capital structure in itself also has an impact upon the companys cost of capital. In general terms, whilst debt funding is seen as a lower cost source of capital than that of equity (Bringham and Ehrhardt 2005) the cost of debt however, in its self is not fixed. Bringham and Ehrhardt (2005) indicate that as a company takes on a greater level of debt within its capital structure, future borrowings become more expensive. This is due to the fact that investors consider that as a company increases its levels of leverage, the company becomes a more risky investment and thus a higher rate of interest is required to secure future funding. In essence, one may consider that the cost of capital for a company will increase, where the company chooses to increase its leverage by obtaining that capital through debt. Equity Equity represents the component of the capital structure of a company which relates to those who have a direct ownership of a company, in other words stocks and shares and their derivatives (Arnold 2004). Shareholders are rewarded through firstly the payment of dividends which represents a direct cost to a business. Secondly shareholders will also expect to see capital gains in the share price representing a further non-financial cost of the cost of capital. As with the debt element of the capital structure, the cost of equity varies from company to company and from industry to industry. Bringham and Ehrhardt (2005) indicate that the relevant factors which will affect the cost of equity are risk, the risk free rate of interest and the return obtainable from alternative investment with a similar risk profile. In general terms, the cost of financing a business via equity is considered to be a more expensive option than financing a business through debt. This is due to the fact that in effect equity represents a permanent source of capital, once issued shares remain in circulation in perpetuity unless a special action is taken to buy back the shares. On the other hand all forms of long term debt have a redemption date, even if that date is at a point far into the future. Risk As has been identified one of the central contributing factors towards consider what affects a companys cost of capital is the concept of risk. At the general level risk is simply defined as concept of uncertainty (Business Link 2009), more specifically risk is usually associated with the concept of uncertainly manifesting itself in a negative format. The basic relationship between risk and reward for investors and companys alike is the consideration that in order to justify the taking of a higher level of risk, there must be the prospect of an increased level of reward. This may be seen as manifested on both the debt and equity side of the cost of capital of a companys capital structure. On the debt side of the capital structure, those companys that have high level of risk will be charged a higher rate of interest by banks or have to offer a higher rate of interest on bonds in order to obtain funding. As such, this pushes up the companys overall cost of capital. Bonds for instance are often given a credit rating, these range from government bonds which are often used as the risk free rate and those attract low interest rates through to low quality corporate bonds often referred to as junk bonds (Brealey et al 2006) and attract a much higher coupon rate for the risk taken. Risk is similarly incorporated into the cost of capital on the equity portion of a companys capital structure. Where a shareholder invests in what they perceive to be a riskier share then in return the shareholder will expect a greater level of return in the form of higher dividends and greater capital growth. The concept of risk is often incorporated in the cost of equity by considering what analysts refer to as a risk beta. Betas are in effect an expression of the perceived risk of a sector or specific company, 1 represents a risk which is no greater or lower than that of the average whilst a positive figure represents a company with a greater risk and a negative figure as one with a lower risk. As such those industries and companies which are associated with long term profitability and stability will have a low beta and thus a lower cost of capital. Whilst those operating in a riskier sector, or with a shorter record of performance will have a higher beta and thus a higher cost of capital. This can be demonstrated by comparing the relative betas of Coca-Cola, a long established and profitable company with a beta of just 0.6 (Reuters 2010 a) and Apple Inc a fashionable growth based company which thus has a beta of 1.41 Reuters 2010 b). As such one the essay has thus far identified that risk is probably the most important factor in determining the relative cost of capital for a specific company. The question now for those operating in the international business environment is what constitutes risk and how can risk be managed to affect the cost of capital. One key consideration is that of diversification. Diversification is a strategic decision and can take on numerous forms from product diversification (Jobber 2007) through to market and geographic diversification (De Wit and Meyer 2004). In general terms, investors usually consider that businesses which have a greater level of diversification have a lower level of risk than those who have a smaller level of diversification. The consideration is that diversified firms are protected against a fall in any single market or geographic region. The down side of this of course is that a firm trades of its ability to make a large profit where a single market experiences a surge or growth spurt. Empirical evidence would seem to support this theory, well diversified firms such as Unilever and PG having risk betas of 0.73 and 0.51 respectively (Digital Look 2010, Reuters 2010 d). National ratings may also be seen as a key consideration for risk where multinational corporations are concerned. Whilst on the whole geographic diversification may be seen as a way of reducing risk, this is not always the case. In many cases companies have chosen to invest in emergent markets such as China, Indian and South America. Whilst these may be seen as areas of key growth which generate the possibility of high rates of return. National ratings would also suggest that investments in such countries also pose significant risks and thus raise the cost of capital. For instance those doing business in China face significant risks over issues related to the protection of intellectual property (Panitchpakdi and Clifford 2002), whilst on the other hand other countries suffer from problems relating to political stability or other such areas of conflict. Interest rates Interest rates may be seen as one of the other key elements which affect the cost of capital for those operating in the multination business environment. At its most basic level one may consider that the relative cost of borrowing will reflect that of the base rate of central banks around the world. Thus when interest rates are on the whole low as they are at present in the UK (BoE 2010) the cost of capital will also be lower due to lower interest rates from long term borrowings. On the other hand were interest rates rise, then the cost of capital will also risk as banks and long term lenders beginning to require a higher rate of interest than previously. The multinational corporation does however, have a special consideration when it comes to the issue of interest rates and the companys cost of capital. Whilst a domestic company is wholly subject to interest rate fluctuations within their national market. There is the consideration that on a global scale interest rates are set locally to reflect national and regional interests. As such for the multinational corporation there is the consideration that the company can take advantage of such a divergence of interests by looking borrow or issue instruments in the countries which are exhibiting the lowest rate of interest on the behalf of central banks. For instance at present, many companies may be attracted either to conduct their business within the UK or to take out loans and issue financial instrument in the UK due to the low interest rate at just 0.5% which would have a positive impact upon the cost of capital. Alternative Investments The final consideration which will affect the cost of capital for a multinational company is the consideration of the yield that investors can achieve elsewhere. In general terms investors will choose to invest in an investment which yields the highest return for the given risk profile of the investment. As such a companys cost of capital will also fluctuate dependent on the performance of others within the sector, where the market as a whole has performed well then one would expect that the cost of capital on the equity side of the equation would increase. This is due to the fact that the stated company must be able to offer a similar return to those operating in the sector. Conversely where the performance of the market as a whole or of the sector is poor, then a companys cost of capital will decrease based upon falling expectations of investors in equities. Alternative investments must also be considered in the form of the risk free rate, the risk free rate being the rate one can obtain from investment in a high quality government bond. In general risking risk free rates will see risking costs of capital as investors are able to gain increasing levels of return at a lower risk elsewhere. Having considered the research posed in this paper, one may conclude that there are a wide range of issues which contribute to the overall cost of capital for a company. Despite these considerations, one conclusion is that the single biggest factor which contributes towards the cost of capital is the consideration of the level of risk for which a company is seen as exposing its investors capital too. As such the management of the cost of capital may in effect be seen as an exercises in the discipline of risk management first and foremost. In considering the cost of capital, one may also conclude that the multinational organisation has the ability to benefit from a lower level of the cost of capital through greater diversification and other risk reducing factors, which allow a company to reduce its risks.

Macroeconomic Analysis of Saudi Arabia and UAE

Macroeconomic Analysis of Saudi Arabia and UAE INTRODUCTION: The increasing economic development in UAE and Saudi Arabia has made these developing states an excellent nation for those people who choose to expand overseas or are interested in Foreign Direct Investment (FDI). Globalization aids to strengthen their distribution channel and their economies. Saudi Arabia is rapidly gaining importance as a manufacturer and economic leader in the world. These countries have eliminated many of their trade barriers now and have a free trade economic system that attracts many business men from around the globe who seek new consumers and target market for their products (Bloomberg, 2010). UNITED ABRAB EMIRATES PEST ANALYSIS: (P)OLITICAL: The stable political situation of UAE enough to attract almost any major financial institution that needs to invest. These financial institutions can assist in accessing capital markets emerging within the UAE economy. the banking system developed my emirates is a relationship based system of banking with the monetary policy and system capable enough to fulfill funding supplies of a later stage that may be equity leasing or loans (John, 2010). (E)CONOMIC: Out of three million population of UAE 60% of them are in the workforce. In the UAE economy the level of FDI is very high. Globalization has helped improve the UAE economy greatly by bringing in thousands of workers, services and products from throughout the world. UAE has been a member of World Bank, WTO and IMF for seven years. The country has huge wealth and has experienced trade surplus of approximately over 100 billion dirham in the past year (Tomlinson, 2010). (S)OCIAL: All of UAE citizens have high living standard, a western lifestyle and continues rising financial positions. The society remains free and open to all types of restaurants, tourism, sport and recreational activities. The multicultural nature of society and economy existing in UAE allows fir many of the foreigners to work there in well paid positions (Cateora and Graham, 2007). (T)ECHNOLOGICAL: The UAE population comprise of young and extremely technologically knowledgeable professionals. The IT industry aids tourism, hotel and IT service sector. The IT software industries and internet usage in the gulf region is double the rate of Europe. The UAE population has the largest users of internet, satellite and mobile phone within the Middle East (Cateora and Graham, 2007). SAUDI ARABIA PEST ANALYSIS: (P)OLITICAL: The politically stable government of Saudi Arab attracts many of the foreign investors and business men. The government also provides various incentives that attract many investors and tourism from around the globe (Morgan, 2010) (E)CONOMIC: Saudi Arab accounts for the worlds major oil producer and exporters. This allows Saudi economy to earn a high GDP. It also helps its current account to balance against the value of imports when the demand for oil is high (Griffin and Pustay, 2009). (S)OCIAL: The religious history of Saudi Arabia for the Muslim also holds great significance. In the religious seasons people from all over the world come to pay visit to the holy places. This accounts for much of the revenue for Saudi economy. Hotels, restaurants and residential places earn high revenue in these seasons (McGinley, 2010). (T)ECHNOLOGICAL: Saudi Arab is a country that keeps itself technologically updated as it needs to cater a massive population of tourists and visitors from around the world. Saudi Arab imports technological machinery from Japan and other countries which enables it to be established as well-technologically equipped country (Morgan, 2010) MACRO ECONNOMIC ANALYSIS OF BOTH ECONOMIES: BALANCE OF TRADE: It refers to the difference in the VALUE of imports and the VALUE of exports when a country trades (Stanlake and Grant, 1995). SAUDI ARABIA Saudi Arabian economy reported a trade deficit of about US$ 32638.2 MILLIONS in the year 2009 in spite of being the worlds largest producer and exporter of oil with more than 90% of exports being based on it. Major imports of Saudi Arabia include equipment, machinery, food stuff and chemicals with its main trading partners being European Union, China and Japan (Source: trading economics.com, indicators, international monetary fund) Analyzing the trend we see a stable balanced of trade from the year 2000 to 2006. It then gradually increases till 2009 and falls very rapidly in 2010.we also see rapid rise from the year 2005 to 2006 and from 2008 till 2010 (McGinley, 2010). UNITED ARAB EMIRATES The exports of natural gas and petroleum play an important role in the UAE export economy. It mainly imports chemical, machinery and equipment from its major trading partners: India, Japan, China and European Union (Menafn, 2009) (Source: tradingeconomies.com, Ministry Of Economy) Unlike Saudi Arabia, the BOT of UAE shows a positive upward trend. It grows steadily from the year 2001 to 2005 and rapidly reaches 211.3 billion 2007. It then falls to 170.85 billion in 2008 which is not too sharp a decrease as it has swiftly gone up in the year 2009-2010. GDP GROWTH RATE: It refers to the gross domestic product that is gained by calculating the difference between the imports and the exports (Hobday, 1988). SAUDI ARABIA The economy of Saudi Arabia expanded over 0.6% last year. The worth of Saudi Arabia GDP is 0.6% of the economic world or 369million dollars (Source: tradingeconomies.com, Saudi Arabian Central Department) The trend shown for the GDP rate of Saudi Arabia is not stable. We see a sharp rise and a sharp fall from 2001 to 2002 and from 2003 to 2004 reaching up to 7.66% from 2004 we see a fluctuating GDP rate that falls to 0.6% in the year 2010. This downward trend is not favorable for Saudi Arabia. UNITED ARAB EMIRATES Unlike the, Saudi which expanded over the last year, UAE Economy experienced contraction of 2.10% last year. The UAE GPD is worth $ 261 billion and accounts for 0.42% of the total of the world economies. (Source: tradingeconomies.com, Ministry Of Economy) The UAE analysis of GDP growth shows a high GDP of about 8% from the start of 2001.UAE and Saudi Arabia has a similar trend till 2004. But UAE shows a 12% rise in GDP rate from 2001, unlike Saudi Arabia which shows just 8% from 2001. Saudi Arabia GDP falls to 0.6% by the end of the year 2010 while UAE experienced negative rate of -2.1% (Time out Dubai, 2009) INFLATION: Inflation refers to the general increase in the price levels over the period of time (Stanlake and Grant, 1995). SAUDI ARABIA The inflation rate through the year 2010 was reported at 5.51%. It touched historical heights in 2008 with inflation of 11.08 % (Source: tradingeconomies.com, Saudi Arabian Central Department) The inflation rate of Saudi Arabia shows an upward trend. It is 0.31% in 2001 and continues to rise till 2009. The economy then faces a gradual decrease in the inflation rate and it falls to 3.5% near 2010, from 11.08% same year. By the end of 2010 and the starting of 2011 we see inflation again expected to rise to 5.51% (Tomlinson, 2010). UNITED ARAB EMIRATES The average inflation rate of UAE is 6.27%. The historical highest inflation recorded for UAE had been 11.10 % (Source: tradingeconomics.com, Ministry of Economy) The inflation rate of UAE has grown steadily over the years. The trend shows no downward trend but it continues to grow from 2003 till 2008. Unlike Saudi Arabia high shows fluctuation and steady growth of inflation, UAE economy has faced an upward trend for inflation for the past years. UMEMPLOYEMENT: The unemployment rate is defined as the number of people of the total labor force who are unemployed or/and seeking for work (Turnovsky, 1977). SAUDI ARABIA According to the last report the unemployment rate in Saudi Arabia was 10.5% in Saudi Arabia. From 1999 till 2009 Saudi Arabias unemployment rate reached to the average of 10.5%. The historical height of Saudi Arabias unemployment rate was recorded at 12%. (Source: tradingeconomies.com, Saudi Arabian Central Department) The unemployment rate illustrated above shows an upward trend of rising unemployment in the Saudi economy which is definitely not a favorable indicator for the overall economy. We see the percentage of the labor force unemployed falling from the year 2007 to 2009 sharply but it fails to keep it lower and rises again to 10.5% by the end of 2010. UNITED ARAB EMIRATES The unemployment rate of UAE far exceeds of that of Saudi Arabia. It was calculated as 20.60 in 2004 which was the historical height achieved for the UAE economy according to arabian news (Tomlinson, 2010) (Source: tradingeconomics.com, Ministry of Economy) For UAE economy the unemployment rate shows an upward trend but not as rapidly and sharp as for the Saudi Arabia. But the total percentage of the rate of unemployment in UAE is higher than of Saudi Arabia which has a fluctuating trend for unemployment. INTEREST RATE: It refers to the price of borrowing and lending (Hobday, 1988) SAUDI ARABIA The decisions making authority regarding the interest rates lies with the Saudi Arabian Monetary Agency (SAMA) (Cateora and Graham, 2007). (Source: tradingeconomies.com, Saudi Arabian Central Department) The interest rate trend shown above illustrates a downward initial trend and then a slight increasing graph followed by a sharper fall with a stable and constant rate from 2009 till 2010. UNITED ARAB EMIRATES The UAE interest rate decision making authority lies with the Central Bank of the United Arab Emirates (Ahmed, 2004) (Source: tradingeconomics.com, Ministry of Economy) The interest rate trend for the UAE economy and Saudi Arabian economy is very different. Un like Saudi Arabia UAE faces many fluctuation through the years from 20007 till 2009.it starts at a higher rate, remain stable, falls and then rises quite sharply. It then experiences little fluctuations and rests at 1.80 with the starting of 2011. SUGGESTIONS FOR IMPROVEMENT: SAUDI ARAB ECONOMY The over analysis of past trends suggest that the inflationary pressures might stay manageable and stable over the period of 2010-12 (John, 2010). This inflation will reflect the weakened interest rate .A weakened interest rate will compel people to spend more. Demand for money will rise as indicated by the monetarist view (Cateora and Graham, 2007). The increased supply of money will eventually increase the price levels as the quantity theory of money explains. There may be a fear of inflation which may exist then. Population growth will be generating some local price pressures. The economy is expected to grow by an average 3.7% in the upcoming year 2010-14. Resources reveal that the Saudi economy is expected to be greatly supported by extensive spending by the government thus absorbing a large proportion of the job market. A strong increase in investment projects by the government is also expected. There will be good domestic consumption of oil but weaker oil export due to higher o il prices (Bloomberg, 2010). Due to stronger investment projects from the government the economy will face greater injections into it which will result in falling unemployment rate and rising income levels. This will leave a favorable and positive impact on the Saudi economy in the upcoming years. But looking at the Saudi economy from the Keynes view/Classical theory of income and employment we see as the employment and income levels will rise due to injections in the economy, there will come a certain level, that aggregate demand will no longer bring any changes in the income and employment levels but prices will begin to rise which will indicate inflation in the long run (Shihab, 1996). UNITED ARAB EMIRATES The growth forecast for UAE is lowered by the IMF to less than 1% (Tomlinson, 2010). UAE economy is expected to grow 2.9% following year. The investment activity is expected to be weak as the emirate is trying to redefine its economic objectives (Bloomberg, 2010). As the UAE economy will try to reduce its rate of inflation unemployment is expected to rise as defined by the Phillips curve and his short theory of two devils that exist in the society. For the longer run, the monetarist view can also be taken into account when we will see UAE economy will try to reduce its rate of unemployment. The offered higher wages will ultimately be raising the cost of production in the long run and instantly growing inflation continuing the trend the economy showed for the pat years. This will result in falling income levels and higher rate of unemployment as the withdrawal and injection approach suggests (Menafn, 2009). Experts suggest that the above economies should try to reduce their rate if inflation especially in case of UAE. This may reduce the unemployment level and the levels of income will eventually raise giving people higher living standards. As for Saudi Arabia expert suggests the government to precede with its investment projects and attract other investors from throughout the world. As the current account of Saudi Arabia has been greatly affected by the rising oil prices, Saudi government should concentrate on developing trade and other export product that may cover the current account deficit (John, 2010).

Alexander Ghram Bell :: essays research papers

Alexander Graham Bell's invention of the telephone grew out of his research into ways to improve the telegraph. His soul purpose was to help the deaf hear again. Alexander Graham Bell was not trying to invent the telephone, he was just trying to help out people in need. Young Alexander Graham Bell, Aleck as his family knew him, took to reading and writing at a precociously young age. Bell family lore told of his insistence upon mailing a letter to a family friend well before he had grasped any understanding of the alphabet. As he matured, Aleck displayed what came to be known as a Bell family trademark--an expressive, flexible, and resonant speaking voice. Born in Edinburgh, Scotland, the inventor spent one year at a private school, two years at Edinburgh's Royal High School (from which he graduated at 14), and attended a few lectures at Edinburgh University and at University College in London, but he was largely family-trained and self-taught. He moved to the United States, settling in Boston, before beginning his career as an inventor. With each passing year, Alexander Graham Bell's intellectual horizons broadened. By the time he was 16, he was teaching music and elocution at a boy's boarding school. He and his brothers, Melville and Edward, traveled throughout Scotland impressing audiences with demonstrations of their father's Visible Speech techniques. Visible Speech was invented by their father but he didn’t have much luck with it. It is a technique were ever sound that comes out of a persons mouth can be represented with a visual character. In 1871, Bell began giving instruction in Visible Speech at the Boston School for Deaf Mutes. Attempting to teach deaf children to speak was considered revolutionary. Bell's work with his deaf students in Boston would prove to be a watershed event in his life. One of his pupils, Mabel Hubbard, was the daughter of a man--Gardiner Greene Hubbard-- who would go on to play a vital role in Bell's life and work. While Mabel herself would one day become his wife. Bell felt that a course had been set and he would go on to consider himself, above all else, a teacher of the deaf Bell had the good fortune to discover and inspire Thomas Watson, a young repair mechanic and model maker, who assisted him enthusiastically in devising an apparatus for transmitting sound by electricity. As the two collaborated on ways to refine Bell's "harmonic telegraph," Bell shared with Watson his vision of what would become the telephone.

History Other :: essays research papers fc

Mikey Ritualistic Sacrifice in Ancient Greek Mythology The ritual of sacrifice in Greek literature played a prominent role in societal influence, defining many aspects of their culture. Sacrifice was the foundation of moral concern, as well as an effective means of narrative development in Greek tragedy. The thematic reoccurrence of sacrifice in Greek literature reveals its symbolic importance. At a time when politics and religion were one in the same, sacrifice was crucial in regulating governmental issues. Tragedies manipulate rituals in order to portray a community’s current sense of order or disorder. The pattern of sacrifice typically entails conflict between the needs of an individual and those of a community in crisis, ultimately resolved in favor of the community through willing participation of the sacrificial victim (Easterling 188). Rites of sacrifice serve to rectify corrupted relations, and maintain moral balance. The social order of Greek life is constructed, by sacrifice, through irrevocable acts; religion and political existence were thoroughly integrated forcing all other life functions to reflect this foundation. In Greek literature, the role of sacrifice served many functions. The literal meaning of sacrifice, in most instances, juxtaposes the consequences of its perpetrations, ultimately establishing beneficial results. Most importantly, sacrifice was the basis of the relations maintained between men and gods, establishing a means of contact and interaction. Additionally, the practice of ritual sacrifice helped to classify the gods, and differentiate them from one another: double aspects of a single deity, hierarchical relations between two dietes, or the outstanding nature of one particular deity. And finally, sacrifice functions directly to clarify the political rights of each individual and reveal the structures of their social body (Sissa and Marcel). However, various implementations of sacrifice can possibly induce different res ults depending on the direction of the interaction. For example, sacrifice can take place between a god and animals, humans, or another god thus revealing rites both of, and to mythological gods. Mortals made sacrifices at any time, to any god during the occurrence of something that fell with that deity’s’ jurisdiction, or as a payment of a vow (Sissa and Marcel). Rites of sacrifice were also the focus of many cultural festivals in which additional purposes were combined, such as rites of initiation, purification, fire, blood and oath. These rites presented themselves in all facets of Greek culture, producing ritualistic transfers of virtue, possessions, and power seeking to redress past injustices or to return existence to the status quo.

Religious Symbolism in John Steinbecks The Grapes of Wrath Essay

Religious Symbolism in John Steinbeck's The Grapes of Wrath      Ã‚  Ã‚  Ã‚  Ã‚   In his novel The Grapes of Wrath, John Steinbeck portrays the movement of a family of migrant workers, the Joads, from Oklahoma to California during the Great Depression. Steinbeck's novel, though it is surprisingly lacking in surface-level symbolism, was "conceived [on] simultaneous levels of existence, ranging from socio-economic determinism to transcendent spirituality" (DeMott, xiii). One of the many levels on which this novel can be read is as a parallel to the stories of Christ and the Exodus (Louis Owens, John Steinbeck's Re-Vision of America, quoted in DeMott, xiii). Steinbeck intertwines allegories based on these two stories throughout his novel. Through these intertwined religious textures, and the destitution and depression that constitutes the greater part of the novel, Steinbeck conveys the message of the impending "death of religion" while at the same time establishing his novel as a sort of new gospel for the people. On the surface, one can read Steinbeck's novel in one of two ways: by reading the longer, even-numbered chapters, one gains a close understanding of the life of this particular family. But by reading the shorter, odd-numbered, "intercalary" chapters, which could almost constitute a short novel in and of themselves, one begins to comprehend the "epic sweep" of the exodus of multitudes of workers to California, the apparent promised land. Steinbeck intended to separate these two stories in the reader's mind, as we see in his journal kept while writing the book, published later as Working Days: I find that I am not very satisfied with the numbering of these chapters. It may be that they simply will be numbered with large nume... ...apes highlight the differences between the times in which the two stories were written, and the flaws of the culture in which Steinbeck wrote. The approach of looking at this epic as it relates to the Christian tradition sheds some new light on it, and in addition shows that Steinbeck truly meant this work to be remembered for all time.    Works Cited DeMott, Robert. "Introduction". The Grapes of Wrath. New York: Penguin, 1992: vii-xliv. Levant, Howard. "The Fully Matured Art: The Grapes of Wrath". The Novels of John Steinbeck: A Critical Survey. Columbia, Mo.: University of Missouri Press, 1983. New Revised Standard Version Bible. New York: American Bible Society, 1989. Steinbeck, John. The Grapes of Wrath. New York: Penguin, 1992. Steinbeck, John. Working Days: The Journals of the Grapes of Wrath. Ed. Robert DeMott. New York: Viking, 1989.

1917 Conscription Crisis

The year 1917, was a time of worry and despair. As there was not enough people in Europe to fight in the war. Ideas of conscription floated through the minds of members of Parliament. Before WW1 began, the French and the English were already having disagreements over Regulation 17, which was introduced by the Ontario Department of Education in 1913. The French felt they were having their rights taken away and that the English were being strongly favoured. Many French Canadians were beginning to have serious doubts about the need to go and fight against the â€Å"Prussians† Tempers flared at both ends of the school debate. An angry Henri Bourassa declared that the real war was not in Euope but in Ontario. The bitterness towards the English weakened support for the war in Quebec. Men were desparately needed on the battlefield. Prime Minister Robert Borden travelled to Europe to see for himself how the war was going. He knew that there was no way Canada would survive the ewar unless he could get more soldiers. On May 18, 1917, Borden stood up in the House of Commons and announced a new policy of conscription. â€Å"All citizens are liable for the defense of their counrty. And I conceive that the battle for Canadian liberty is being fought on the plains of New France and Belgium.† The year 1917 was a year of worry and despair. Ideas of conscription flowed through the minds of members of Parliament. To most Canadians, anything but complete dedication was unthinkable but not all Canadians reacted in the same matter.

Secret Life of Bees Research Paper

Jackie Yets 3/21/11 Per. 6, English H2/SP Secret Life of Bees Research Paper While one reads the Sue Monk Kidd novel, The Secret Life of Bees, an enigma acquainted with the book is why the Black Madonna of Breznichar in Bohemia is used as opposed to a white Virgin Mary. With the story taking place in the racist south of 1964 it would be reasonable to assume that a black Mary wouldn’t be common, or readily accepted; however she still occupies a large area of the women’s lives. For the Boatwright’s, the Daughters of Mary, and quickly for Lily and Rosaleen, the black Virgin Mary is placed in the book as a source of strength, and maternal comfort. The most obvious symbolism of the Black Madonna of Breznichar in Bohemia is that it is featured in the novel to give the characters a religious strength. In the story of ‘Our Lady of Chains’ August tells how the statue was such an inspiration to the slaves, and how â€Å"Our Lady filled their hearts with fearlessness†¦ And if it ever grew weak, they would only have to touch her heart again,† (109-110). ‘Our Lady of Chains’, another Divine black figure in the book besides the Madonna of Breznichar, does that same thing for all of the women. Along with ‘Our Lady’ the Bohemian Black Madonna has the same effect on the Daughters of Mary, because it showed them that â€Å"what’s divine can come in dark skin. You see, everybody needs a God who looks like them,† (141). In the real world however, there is no such thing as the Black Madonna of Breznichar in Bohemia. The historical region of Bohemia was located in the same area as modern Poland, and Poland is home to a well known Black Madonna, Our Lady of Czestochowa, who shares many similarities with the Madonna of Breznichar in Bohemia. These similarities, including features and elements of the pictures, strongly suggest that the Madonna of Breznichar in Bohemia is based on Our Lady of Czestochowa. Our Lady of Czestochowa is well known for her ‘miracle working’, mostly involving scaring away foreign invaders and assisting small groups of defenders in defeating powerful armies (Similar to Lily, Rosaleen, the Boatwrights, and the Daughters of Mary gaining the strength to convince an angry T-Ray to leave Lily with them? ). The Black Madonna is also historically known to have been at the foundation of rebellions and revolutions, and leading to freedom; which can again be connected to Lily leaving and becoming free of her father. However the Black Madonna of Breznichar in Bohemia also has another role. Another component of the Bohemian Madonna’s role is her place as a ‘mother of thousands’. In a reflection on The Secret Life of Bees by the author, Sue Monk Kidd said that the Black Virgin Mary existed in the novel to be a symbol of comfort. She also planned for Lily to have a coming home to herself, and a discovery of a mother within to take place with the help of a divine female presence, the Black Mary. Along with the strong connections between the Mary and a mother-like role to the characters, in a religious perspective she is of course a symbol of motherhood, and giving life. In general, the Virgin Mary is known for giving birth to Christ. There is also another connection concerning the Black Mary, which is that she is the ancient earth-goddess that was altered for use in Christianity. Many other goddesses were pictured as black, most importantly Ceres the Roman goddess of agricultural fertility. Keeping in mind the theory that the Black Madonna is an ancient earth-goddess, agriculturally the best fertile soil is characterized by a black color. The blacker the soil, the more becoming it is for farming. Good farming leads to more food, which keeps humans alive. Summing it up, the black earth gives life. This is another strong connection to a life giving maternal role. There’s also another spiritual connection to the comfort brought by the presence of Our Lady of Czestochowa. This connection regards the hidden meaning of the colors present in the images of the Mother; first is the blue-green background, which symbolizes hope. Foremost, the brown skin color is more important, subtly indicating the human element as well as the long history seen by the Madonna. With all of these characteristics related to the Black Virgin Mary, it is clear why Kidd would create this divine figure to inspire her cast of characters. The insurgence nurtured in the history of Black Madonna created the perfect symbol to guide Lily in her search for a home and a connection to both her literal mother, as well as the mother within herself. Works Cited Duricy, Michael P. â€Å"Black Madonnas: Our Lady of Czestochowa. † Black Madonnas. The Marian Library/International Marian Research Institute. , 26 March 2008. Web. 13 March 2011. Jozwik, Ziemowit. A Treasury of Europe. Europe and Me Magazine. N. p. 4 January 2010. Web. 13 March 2011. < http://www. europeandme. eu/8heart/455-the-black-madonna> Kidd, Sue Monk. Secret Life of Bees- The Black Madonna in the Novel. Sue Monk Kidd. LUX Interactive, LLC. , n. d. Web. 13 March 2011. Duricy, Michael P. Black Madonnas. The Marian Library/International Marian Research Institute, 6 October 2009. Web. 13 March 2011. Cahoy, Nate. Comparing Madonnas. The Black Madonnas. PB Works. n. d. Web. 13 March 2011. Our Lady of CzestochowaBlack Madonna of Breznichar in Bohemia

Information Technology Essay

Advancements in information technology have had many great benefits on society. It has revolutionized the phase of business and living around the world. Information Technology has made Local businesses become international due to a simple website. Information technology (IT) is the use of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. It is broadly considered to encompass the use of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. Several industries are associated with information technology, such as computer hardware,software, electronics, semiconductors, internet, telecom equipment and computer services (Chandler, 2012). Therefore, the purpose of this assignment is to discuss the wonders and horrors Information Technology has brought to us. It will first look at the wonders which Information Technology has brought, and then it will look at the horrors. It is from the wonders and horrors were a conclusion will be drawn from. Today information technology involves more than just computer literacy; it also takes into account how computers work and how these computers can further be used not just for information processing but also for communications and problem solving tasks as well. Information technology also involves the development, installation, implementation, maintenance, and the use of computer systems, software and networks for the processing and distribution of data (Daintith, 2009). Our world today has changed a great deal with the aid of information technology. The revolution in IT has itself been brought forth by a company of innovations in telecommunications and informatics, made possible by cheaper new lightweight materials such as optical fibers transmitting information faster. Information flows faster and less expensively throughout the globe, but it will take substantial time to reach full digitalization given the youth of IT (Achimugu et al; 2009). Things that were once done manually or by hand have now become computerized operating systems, which simply require a single click of a mouse to get a task completed. With the aid of Information Technology, we are not only able to stream line our business processes but we are also able to get constant information in ‘real time’ that is up to the minute and up to date (Vermaat,2004). The significance of Information Technology can be seen from the fact that it has penetrated almost every aspect of our daily lives from business to leisure and even society. The world has an estimated 350 million internet users. Over 90% of them are in industrial countries, although developing countries comprise about 85% of the world population (Berndt and Morrison, 1995). Today personal Computers, cell phones, fax machines, email and internet have all not only become an integral part of our very culture but also play an essential role in our day to day activities (Parker, 2003). Information Technology has brought a lot of wonders in our daily living. Some of the wonders include: Globalization – IT has not only brought the world closer together, but it has allowed the world’s economy to become a single interdependent system. This means that we can not only share information quickly and efficiently, but we can also bring down barriers of linguistic and geographic boundaries. The world has developed into a global village due to the help of information technology allowing countries like Chile and Japan who are not only separated by distance but also by language to shares ideas and information with each other. Communication – With the help of information technology, communication has also become cheaper, quicker, and more efficient. We can now communicate with anyone around the globe by simply text messaging them or sending them an email for an almost instantaneous response. The internet has also opened up face to face direct communication from different parts of the world thanks to the helps of video conferencing. Information Technology affects the way companies communicate and establish relations with their clients. In the fast moving and business environment, it is vital for them to interact with clients regularly and quickly to gain their trust and to obtain customer loyalty. With the use of internet and social networks, firms interact with consumers and answer all their queries about the products. Take for instance ‘ Barack Obama- USA President’ as the figure. With the use of networking sites such as Twitter and Facebook, blogs, social bookmarking, the leader could approach to the world whenever necessary and the world can receive the news and updates which he has done or wants done within a short period of time. Cost effectiveness – Information technology has helped to computerize the business process thus streamlining businesses to make them extremely cost effective money making machines. This in turn increases productivity which ultimately gives rise to profits that means better pay and less strenuous working conditions. Additionally, to think and to research, we need resources to find what our past people has thought, what quotes they have left for us that is information and theory. Information can now be easily found by a single click in search engines such as Google and yahoo. Business Operations. With the use of technological innovations, business owners and entrepreneur understand their cash flow better, how to manage their storage costs well and enables you to save time and money. Bridging the cultural gap – Information technology has helped to bridge the cultural gap by helping people from different cultures to communicate with one another, and allow for the exchange of views and ideas, thus increasing awareness and reducing prejudice. More time – IT has made it possible for businesses to be open 24 x7 all over the globe. This means that a business can be open anytime anywhere, making purchases from different countries easier and more convenient. It also means that you can have your goods delivered right to your doorstep with having to move a single muscle. Increase the sense of Human Rights- The technology can remind of our human rights, basic needs and give updates where relief or worldwide help is necessary. During earthquakes, terrible floods, while co-operation is necessary the World Wide Web can help us to collect the donation by a desired amount. It is not possible to just figure out everything about the good and bad sides of Information and Technology within a page and article as because it has mixed with every aspects and corners of our lives. Rather, let us look at the side effects, bad sides (cons) which IT-sectors have brought to the Human Society Creation of new jobs – Probably the best advantage of information technology is the creation of new and interesting jobs. Computer programmers, Systems analyzers, Hardware and Software developers and Web designers are just some f the many new employment opportunities created with the help of IT. Information technologies of various kinds, together with globalization, are powerfully affecting the range of employment options for individuals in advanced and developing countries alike- and at various levels of education. Further, the classes of Information Technology that automate, disinter mediate and reduce costs of remoteness are also enabling the construction of increasin gly complex and geographically diverse global supply chains and networks (Spence, 2012) . Advancements in information technology have had many great benefits on society; however, this has not come without its downsides. Below are some of the horrors or disadvantages of information technology: Unemployment – While information technology may have streamlined the business process it has also created job redundancies, downsizing and outsourcing. This means that a lot of lower and middle level jobs have been done away with causing more people to become unemployed. Technology in an organization, company or business, the number of hours that a human works at that company is reduced. Technology is playing multiple roles. The replacement of routine manual work by machines and robots is a powerful, continuing and perhaps accelerating trend in manufacturing and logistics, while networks of computers are replacing routine white-collar jobs in information processing. For instance, the elimination of intermediaries in banking, online retail and a host of government services, to name just a few affected areas. This has even resulted in some people losing their jobs because technology is doing it for them. However this is beneficial for the organization as their profit is increased because they do not need to pay their workers as much because they are not required as much (Spence, 2012). Privacy – Though information technology may have made communication quicker, easier and more convenient, it has also bought along privacy issues. From cell phone signal interceptions to email hacking, people are now worried about their once private information becoming public knowledge. As IT Sectors have wined the people’s heart worldwide. People are here to share and store any kind of information, private date in their hard drives and private online databases. But due to some Cyber-Criminals, nothing is so safe both online and offline. If someone becomes a bit careless, he or she may needs to pay high for it especially when it comes to work related information (Saldarini and DeRobertis, 2003). Lack of job security – Industry experts believe that the internet has made job security a big issue as since technology keeps on changing with each day. This means that one has to be in a constant learning mode, if he or she wishes for their job to be secure. Dominant culture – While information technology may have made the world a global village, it has also contributed to one culture dominating another weaker one. For example it is now argued that US influences how most young teenagers all over the world now act, dress and behave. Languages too have become overshadowed, with English becoming the primary mode of communication for business and everything else Over reliance on technology – a lot of people believe that because computers and the Internet has become such a regular part of modern life, some people particularly children who grow up with it, will not be able to function without it. Some people think that the Internet is making people lazy, particularly when it comes to essay or project research as instead of reading books in a library, one can just perform a Google search. Loss of communication skills – with the ever increasing variety of social networking sites such as Facebook and Twitter, a lot of people are worried that traditional communication skills will be lost. This worry is particularly about children who often engage in these websites because communication and interactive skills are not important with computers. Loss of personal touch – emails and instant messaging has replaced the old tradition of handwriting letters. And although this is advantageous because of time constraints, a personal touch and sense of feeling is lost compared to taking the time to sit down and hand write a letter. We can think, gather human principles (ethical knowledge) and make co-operative relationships between friends and families. But due to harmful aspects of (IT) people are becoming fully technological based. And it can bring huge damage to the society as its taking away the natural thoughts and organic ideas. Health problems – research has shown that technology can cause a number of problems with a person’s health. Many scientists, doctors and researchers are concerned about possible links between technology and heart problems, eye strain, obesity, muscle problems and deafness. Waste emitted from technology can pollute the environment which not only makes people ill, it also damages the environment. The online community is not safe for Family anymore- the family is the foundation of every nation. However, due to Information Technology, children under age may often share Cell Numbers, Private Email Address which can be hacked by people and can pass it to the criminals who have a blue-print to harm the society. And people are losing credit card privacy and other payment processing options. Again, there are some sites created by foul people, which can lead under eighteen teenagers to a different path – That Is going to bring Harm to the Nation. A very good example is the Iris Kaingu Video which circulated not only nationwide but also worldwide and was viewed by both young people and adults. In conclusion, one can safely say Information Technology has brought both wonders and horrors to our society. Things that were once done manually, or by hand have now become easier and faster by the introduction of computer technology in the workplace. Our world today has changed a great deal with the aid of Information Technology which has penetrated in almost every aspect of our daily lives and society. With all the good things about Information Technology, it has brought terrible horrors to some in our societies. A lot of people have lost their jobs because they have become irrelevant due to the introduction of computers in the workplace. It has contributed to the poor livelihood of people. Advancements in information technology have had many great benefits on society. It has revolutionized the phase of business and living around the world. Information Technology has made Local businesses become international due to a simple website. Information technology (IT) is the use of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. It is broadly considered to encompass the use of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. Several industries are associated with information technology, such as computer hardware,software, electronics, semiconductors, internet, telecom equipment and computer services (Chandler, 2012). Therefore, the purpose of this assignment is to discuss the wonders and horrors Information Technology has brought to us. It will first look at the wonders which Information Technology has brought, and then it will look at the horrors. It is from the wonders and horrors were a conclusion will be drawn from. Today information technology involves more than just computer literacy; it also takes into account how computers work and how these computers can further be used not just for information processing but also for communications and problem solving tasks as well. Information technology also involves the development, installation, implementation, maintenance, and the use of computer systems, software and networks for the processing and distribution of data (Daintith, 2009). Our world today has changed a great deal with the aid of information technology. The revolution in IT has itself been brought forth by a company of innovations in telecommunications and informatics, made possible by cheaper new lightweight materials such as optical fibers transmitting information faster. Information flows faster and less expensively throughout the globe, but it will take substantial time to reach full digitalization given the youth of IT (Achimugu et al; 2009). Things that were once done manually or by hand have now become computerized operating systems, which simply require a single click of a mouse to get a task completed. With the aid of Information Technology, we are not only able to stream line our business processes but we are also able to get constant information in ‘real time’ that is up to the minute and up to date (Vermaat,2004).