Chapter 20 – Neurofinance

20. 1 INTRODUCTION In this book we have argued that cognition and emotion are powerful influences on people’s decisions. Traders are, of course, no different. This chapter begins by considering what we know about what sets a successful trader apart from other people. We have all contemplated the oft-debated question of nature versus nurture in explaining whether a person thrives or fails. In this final chapter, we further investigate where choices come from. The evidence suggests that there are both environmental and biological foundations. The chapter begins in Section 20. with a discussion of expertise, namely, what makes a skillful trader? Cognitive skills are honed through practice and repetition, but emotion also has a significant role. Next, in Section 20. 3, we turn to the emerging field of neurofinance. Using imaging technology, researchers are contributing to our understanding of how people make decisions. In Section 20. 4, we describe some of the insights recently pr ovided by neurofinance researchers. These researchers have found that cognition and emotion have complementary effects. Traders whose emotions appear to be in balance perform the best.Uncertainty and risk are experienced differently by our brains, as are gains versus losses and risk versus return. The chapter concludes in Section 20. 5 with some practical advice. 20. 2 EXPERTISE AND IMPLICIT LEARNING Consider the following situation. You are at a large concert and run into a good friend, Molly. Of course, you recognize her face immediately. Now think about this. What if, instead, you know Molly is at the concert but is seated across the venue. The friend you came to the concert with, Amy, is going to look for Molly, but the two have never met.You do your best at describing Molly to Amy. What’s the chance that Amy will be able to identify Molly among thousands of concert goers? Not too likely. Much of what we know we cannot describe in words. A face is a very complex thing, an d we simply do not have enough words to explicitly describe one particular person very accurately. Language is categorical, whereas the distinguishing features of two similar faces may be fuzzy. Some cognitive scientists assert that people have knowledge that they cannot verbalize, referred to as implicit learning or tacit knowledge.Brett Steenbarger argues that traders also have information about markets that they cannot adequately describe in words. Like a human face, markets are probably more complex than the language we have to describe them. Does this mean we need a finer grid with which to describe markets? Or, does this view suggest that we need to better understand how traders make decisions? Excellence in most fields requires expertise. How do we define expertise? Usually we think in terms of relative performance so that those at the top of their game are considered to be the experts.Because of tacit knowledge, an expert chess player or pro football player often knows insti nctively what the best move is, perhaps without any cognitive evaluation whatsoever. Recall in our discussion of the foundations of emotion in Chapter 7 that psychologists believe that emotions can develop completely independently from cognition. In other words, you can feel fear without first cognitively recognizing what is making you fearful. While observing a market, a trader may instinctively know the move he wants to make.Steenbarger notes that in many instances traders will make similar buy or sell decisions and then, ex post, provide very different descriptions of the information that led to the decision. The traders saw the same information, acted the same way, but understood their behavior quite differently. Perhaps a trader makes a decision based on instinct with no preceding cognitive evaluation. Afterward, the trader generates an explanation that is cognitively consistent with his expectations. Steenbarger argues that â€Å"the successful trader feels the market but doe s not become lost in those feelings. Studies of expert athletic performers have reached similar conclusions. For example, one study argues that â€Å"emotions, and the capability to regulate them effectively, arguably account for a large portion of the variance in athletic performance. † In the trading domain, an expert trader often has a gut feeling about a particular situation but remains in control by taking careful, deliberate action. Does this mean that trading expertise is innate and cannot be learned? Reading the information in a market could be like understanding a social interaction. Some people are just better at it than others.While some level of innate ability is probably requisite, the evidence suggests that expertise is finely honed. Not too many of us would believe that a professional quarterback spent his teen and early adult years watching football on television while sitting on the couch eating chips. Knowing the rules of a game does not make you good at the game. Practice and repetition are common ingredients across successful experts. For example, accomplished violinists spend, on average, 10,000 hours practicing. Successful traders also devote a lot of time to practice.This practice gives them the ability to connect what they know about a market to the action they should take. Through implicit learning they are able to make better and more efficient decisions. A day trader who spends hours, or even minutes, evaluating a current market circumstance before making a trading decision will certainly find it difficult to succeed. 20. 3 NEUROFINANCE While we know that practice is necessary to hone any skill, unlocking the mysteries of the brain is an important key to understanding how to promote the development of expertise in any realm, including investing.Are evolutionary theorists correct in their contention that our basic emotions have evolved to promote the survival of the species as we discussed in Chapter 7? Do expert performers hav e innate characteristics, or can anyone develop expertise in trading? Neurofinance and neuroeconomics use neurotechnology to examine how the brain behaves while a person is making financial and economic decisions. In these new and growing fields, results from economics, finance, psychology, and neuroscience provide the basis for further investigation.Neuroscience uses brain imaging, as we described in Chapter 7, to understand brain activity and how the brain works. With this technology, scientists can actually measure emotional response. The potential of the technology has not gone unnoticed by practitioners. In fact, Jason Zweig, senior writer for Money magazine and guest columnist for Time magazine and cnn. com writes: I’ve been a financial journalist since 1987, and nothing I’ve ever learned about investing has excited me more than the spectacular findings emerging form the study of â€Å"neuroeconomics. Thanks to this newborn field †¦ we can begin to understa nd what drives investing behavior not only on the theoretical or practical level, but as a basic biological function. These flashes of fundamental insight will enable you to see as never before what makes you tick as an investor. Investors who better understand â€Å"what makes them tick† will be better prepared to make good investment decisions. It is important to understand that neuroscience is not simply interested in mapping out parts of the brain. Instead, by looking at how the brain reacts during various activities, scientists can understand how the brain functions and solves problems.We will better understand the mix of cognitive processing and emotional responses. Which responses are controlled and which are automatic responses? These insights will allow economic theorists to improve models of decision-making, as well as investor education efforts. Recall from our earlier discussion of the brain that automatic and controlled responses are associated with different par ts of the brain. Automatic responses often stimulate the amygdala, whereas controlled responses activate the forebrain (or prefrontal cortex). Using imaging technology, scientists can observe the areas of the brain that are activated during a task.In Chapter 7 we also talked about Damasio’s studies of the behavior of brain-damaged patients. The patients were emotionally flat due to frontal brain lobe damage, and Damasio concluded that decision-making and emotion are intertwined. Though studies of braindamaged patients can be informative, brain imaging technology allows more control so that research can be conducted with greater precision. Neuroscientists are making great progress on brain function, and, as a result, researchers are proposing new models and theories that better incorporate aspects of psychology, including emotion. 0. 4 INSIGHTS FROM NEUROFINANCE Neuroscientists have investigated a variety of questions related to financial decision-making. Several studies have lent insight into the forces of emotion on trading by studying the physiological characteristics of professional securities traders while they were actively engaged in live trading. In one study significant correlations between market movements and physiological characteristics such as skin conductance and cardiovascular data were reported. Differences were also detected across traders, perhaps related to trading experience.Another study looked at whether emotion was found to be an important determinant of a trader’s ability to succeed in financial markets. It was found that those whose reaction to gains and losses was most intense had the worst trading performance, suggesting the obvious need for balanced emotions. Brain imaging has been used as experimental participants have made risky choices. This research indicates that how gains and losses are both anticipated and realized is likely to differ inasmuch as different regions of the brain are activated.When gains are antici pated, a subcortical region known as the nucleus accumbens (NAcc) becomes active. This region is rich in dopamine, a substance that has been associated with both the positive affect of monetary rewards and addictive drug use. The fact that this region is only active during anticipated gains (but not losses) lends plausibility to the differential experiencing of gains and losses in prospect theory. Other brain imaging research indicates that what might lie behind ambiguity aversion is the fact that risk and uncertainty are experienced in different ways.Recall in Chapter 1 where we discussed the distinction between risk and uncertainty. With a risky choice, the person can assess the probability of the outcomes, but under uncertainty the probabilities are unknown. The distinction is important here because the brain may evaluate a choice in a risky situation differently from a choice when one faces uncertainty. Research indicates that when facing uncertainty the most active regions were the orbitofrontal cortex (a region integrating emotion and cognition) and the amygdala (a region central to emotional reaction).In contrast, when facing risk, the brain areas that responded during their task were typically in the parietal lobes so that the researchers concluded that choices in this setting were driven by cognitive factors. In sum, uncertainty appears to be more strongly associated with an emotional response, while risk leads to a cognitive reaction. It has been suggested that when times becomes more uncertain (for example in 2008, as was described in Chapter 14), the inability of investors to properly assess the distribution of future returns leads to their moving from rational deliberation to a primarily emotional response.The result could be widespread unwillingness to hold risky assets in turbulent markets, a tendency that can only exacerbate market declines. A neural test of myopic loss aversion has also been conducted. A group of patients with brain lesions on areas known to be associated with the processing of emotions were compared to a control group. The former group was significantly more likely to take on risk than the control group. Further, the lesion group exhibited greater consistency in their levels of risk aversion. In other words, those with a reduced capacity for fearful responses behaved in a manner more in line with expected utility theory.Another study focused on how decision-makers’ brains reacted to varying levels of risk, rather than on learning or expected values. Using a gambling game, expected values and risk were varied while participants’ brain activation was monitored. As is typical in finance, rewards were measured using expected payoffs and risk using the variance of payoffs. Interestingly, the researchers report that brain activation varied in both time and location for reward and risk. Brain activation in response to rewards was immediate, whereas brain activation in response to risk was delayed .Time and location of activation is important because if we can separate the effects of risk and reward in the brain, researchers can further investigate how changes in risk perception affect decision-making. For example, they could examine how misperception of risk and cognitive difficulties contribute to less-than-optimal behavior. 20. 5 EXPERTISE AND EMOTION Research indicates that understanding neural responses will help us to gain insight into some of the puzzles we have talked about in this book. In addition, there are important implications for trader education.We are all familiar with the old adage that â€Å"practice makes perfect. † In order to gain expertise, it is important to know the rules of the game, so reading up on investing is not a bad idea. But, at the same time, much practice through many simulations under divergent market conditions will promote better decision-making while trading. But, does it pay to become an expert? While we know that many long hour s of studying and practice are required, is this effort sufficiently rewarded? There is evidence that this question can be answered in the affirmative for financial practitioners.One researcher constructed a â€Å"differential reward index† as the income for a specified percentile divided by the median income for each occupation. This measure allows us to differentiate high average income from high income for those whose expertise is greatest in a particular profession. For financial and business advisors, including stock brokers, earnings are related closely to achievement. At the 90th percentile the differential reward index was 3. 5, indicating that the top 10% earned 3. 5 times more than the median income level.In fact, this was the largest observed value for the differential reward index across all occupations studied! Thus the evidence suggests that the benefit of becoming a skilled financial advisor may far exceed the cost. So how can one become an expert? Researchers have concluded that tacit knowledge is an important predictor of success in business as measured by salary, rank, and the level of one’s company (e. g. , whether it is among the top 500 in the Fortune rankings). Practical knowledge, or the ability to gain tacit knowledge and turn it into a good strategy, is a function of a person’s environment and ability.Thus, with a certain level of competence, hard work can be translated into success. A successful trader, nonetheless, should always remember that emotion is critical to the outcome. We have argued throughout this book that emotion can enhance decision-making. Previously cited evidence suggested, however, that traders are advised to be wary of intense emotional reactions. Another recent study used neuroimaging to examine how decision-makers’ brains responded while playing the ultimatum game described in Chapter 11.When unfair offers were rejected by the responders, the investigators reported significant increase s in brain activity in the anterior insula, a brain area associated with emotion. Recall that even offers that are viewed as unfair should be accepted by a responder who cares only about increasing her earnings. Thus, traders are advised to exert their cognitive skills when experiencing a strong emotional reaction in order to overcome the tendency to react emotionally, just as a responder in the ultimatum game who is aware of his emotional response is well advised to accept an offer even if it seems unfair.Emotional responses and cognitive evaluations of risk can be quite different. Think about how many people perceive the risks of automobile and airplane accidents. Though riding in an automobile has been shown to be the less safe alternative, often an emotional response plays the dominant role, which may keep some people off airplanes. CHAPTER HIGHLIGHTS 1. Expertise is defined in terms of relative performance so that those at the top of their game are considered to be the experts. 2. Implicit learning reflects knowledge that cannot be described using language. 3.Experts have developed implicit knowledge that enhances performance in their particular domain. 4. Neurofinance uses brain imaging technology and results from economics, finance, and psychology to better understand how the brain works. 5. Physiological differences exist across professional traders, and emotion is an important determinant of a trader’s ability. 6. Measured brain responses to changes in risk and reward vary in both location and time of activation. 7. Practice is necessary to excel in trading, and good traders may make decisions based on gut feelings, while at the same time ensuring that they control their emotional responses.

Melodies of music Essay

A breath taking experience from my friend that really makes a history in his life was when he was in a relationship with a Muslim woman. All of us know that is prohibited for a Muslim woman to marry or have a relationship with Christians. At first everything is ok. For him she is the sunshine that brightens up his days. The radiant of her beauty make him feel that every glimpse of memories is worth treasuring. I guess everybody feels that to somebody they loved. Perhaps, when people feel in love, the risk and fear are of no value. They met in a theatre company where they both are member. Both are members of the music ensemble. Perhaps that music interest served as their common ground for conversation. Every piece they played creates them a melody that binds their hearts. Well, that theatre company that they are into is based on school. In short that was just a part of their extra curricular activity. That place became their hangout in other words. Every end of a day they meet their not for anything else but for music. At first they were not friends. They do not often talk. They just look at each other and feel the melodies of music. At that time none of them feel the magnetic reaction on the opposite sex. None of them feel attracted. The boy that time stopped from school and concentrated on his music career. After a month of national tour, the woman was scheduled to be the next one to be sent out for a performance. That was their first time to work together. They never had a work together before that instance. Days pass and seconds gone then the time come when they were to meet for rehearsals. Well, that place was the place of the woman; in short they are far from their school. On their first rehearsal together, everything seems so funny. The woman, because it’s her first time to join the touring company on a show, became as cold as ice. Her lips speak these words in silent: â€Å"I am afraid†. Even then, things work together for good. Their eyes spark when they had an eye-to-eye contact. Well, for them that was just a work. No malice for short. Time passes so quickly that they never noticed that they become closer and closer not only in personal relationship but in their emotions as well. They did not notice the time that they wish those things and memories that passed to happen again. On their way to the hotel, the boy sits beside her as they rode on their vehicle. The boy sang some friendship songs that made the woman to tears. He never noticed it. A time come when the begun to sleep on the woman’s shoulder. He never knew that it happened but because of the bonds that they have, no malice again. That was just a friends way of caring. On that night, they went to a park. Not alone but along with a friend. They cherish the moment together and had their picture taking under the shed of the moon. Sudden glimpse of yesterday popped up on the heart of the boy. As he looked at her at that time he sees a beautiful canvass of God’s creation. She is a majestic creation of God; a proof of His existence and her hair shines and glow as the moon gives its light. As they pass along a garden the beauty of the woman defies the beauty of the colors of the roses. A flower walks on the pathway as the boy look at her in a distance for he was taking pictures on the girl. On their last night, they just sat on a sofa as the woman shares about her past. She has a best friend whom she feels in love with. Since she was away from him for about three years, she wants to meet him just to take a picture of the present. As the conversation goes by, the boy offered the woman his phone for her to call her best friend. At first the woman refused to accept the offer of the boy but as the boy say these words: â€Å"Time passes once, we should think to do things that we wont regret and we must take this moment for this will only pass once†, the woman take the phone and call her best friend. As the boy look at her during her call, he felt happy for his friend. No money can buy the happiness that that phone call gives to her close friend. After the call the boy sent a message for the woman’s friends. He asked them to have a last hour together along with her best friend. He did that just to make the woman happy. What a lovely night that was. Two little creatures of different that came from different lands meet for one reason but that reason gives them a chance to be together without thinking of their different. The girl lean on the boy’s shoulder and take a nap. Without knowing, that became the start for the boy to have different feelings for her. He thought of the instance what if they will fall in love with each other. He thinks for a reason for the world to accept them but he only arrives at the fact that they could never be together. On her way back to school she live a message for the boy (the girl still have a class). Those messages that have tears give him the courage to pursue the unwanted feelings. The dent a message saying: â€Å"I have something to tell you when your boat starts to sail†. Time to sail and the boy sent these messages: â€Å"I never thought I’d feel this way. Those memories you’ve left makes me convince that I love you. It sounds unusual and untrue and you’d like to give me a reason, I do not know what to say. My heart says so and what I did it just telling you what it says†. That was the start of their relationship. When the contract had ended, the boy when home and they met. They build their memories. They talk of the instances and what to do when time comes when the woman’s family will know their relationship. They prepared for it and had agreed that they will put it to end when that happens. Without any delays, after two months of good memories, the woman’s family knew their relationship. The girls tell the boy that the time comes. They knew it was to come but hey had no idea it was that soon. They did not say any words of good bye but their hearts knew what to do. Their heart was crushed down and was torn into pieces. They had nothing to lean on but on each others’ heart. Then that was the start of their nightmare. Their hearts of roses sprout its thorns. Even as they stay as friends, they were covered by clouds. Beautiful scenery, a beautiful flower that was once glow withdrew it lusters. Until now, two years had passed, they still did not move on. Hidden feelings still exist. Despite of the clouds that cover, sunshine rise from a distant as their memories reveal their future. Language differs from place to place. Even so, all people have their common interpretation of a word. In critical thinking, language plays a vital role. This will serve a medium to what words to say. The language serves as a tool to be used for a meaning to be imparted. In critical thinking, one must consider of the words to say in which the receiver of the message will fully understand the meaning of the words. For instance that the transmitter and the receiver differs in language and has no common words for it to be understand, the transmitter must consider to think of a gesture or action to communicate exactly the meaning. Thus the language serves as a limiting reagent in critical thinking, not on the aspect of ideas but on the aspect of the ways to communicate. On the other hand, language does limit the expression of our thoughts. When the transmitter will use only pure words to express his thoughts, the language thus limits his expression; when this happen, a different interpretation might occur. A transmitter of the message should consider communicating on the different level of communication where not only words are used to express the thoughts but the use of the body language itself. Even simple eye-to-eye contact will do. This is a big help in expressing ones thoughts or ideas. In persuasion, critical thinking will really help the receiver of the message to be persuaded. A person who thinks critically will be able to choose right words to say that will make the receiver understand his side. Also, in thinking critically, the person will not only consider the good sides but gives a hint on the bad side. In this manner the receiver will not feel bias on the statement. More of it, the transmitter or the persuader will give the good side on the situation. Also, in critical thinking, the persuader will consider the uniqueness of the person he is dealing with. He will choose of the common ground to feel the empathy of his statements. In this manner, the receiver will feel that the person he is dealing really have a good intention for that matter. By all means, critical thinking really helps in persuading a person or delivering ones idea. Work cited: Language (2007). Wikipedia the Free Encyclopedia. Retrieved May 4, 2007 from http://en. wikipedia. org/wiki/Language

Carole Satymurtis

Carole Satymurtis Essay Carole Satyamurti , a poet and sociologist cleverly weaved the plight of ordinary women in I Shall Paint my Nails Red : women who are seen as a mere background of the society- neglected and lost in the mundane of her existence . While it is easy to discern that I Shall Paint my Nails is nothing but the showcasing of a womans vanity seeking attention, a closer look at the poem would reveal a deeper and multi-layered analysis of women. In essence, Carole Satyamurtis I Shall Paint my Nails Red was able to show the different roles and interpretations of women of herself, to her daughter , to her lover , the society and to life- that painting her nails red symbolizes a departure from her customary role in to show an intelligent , interesting and valuable person capable of so much more than her ordinary routines . It is a declaration of a womans importance The color red is interpreted in poetry as a figure of speech for passion , anger and strong emotions . In this light, Satyamurti used this color to depict a seemingly humorous and trivial poem into one that speaks of a womans importance. In the first line because a bit of color is a public service (line 1 Satyamurti departs from the convention that public service is about service , the economy and production . Essentially, the poem recognizes that it is not only men who are components of production and economics that can perform public service but also women who provide not only entertainment but beauty and compassion . This is affirmed in her second line when Satyamurti declared that because i am proud of my hands (line 2 connoting that her hands that are used to do household chores are also important . By painting it red , Satyamurti calls attention to the role of women in the society and in the family- that while they are not being paid for work they do every day of their lives , it should not be neglected . Thus, being proud of one s hands and putting a red paint on it declares that the woman is aware of her economic and sociological role and significance On the other hand , the third and fourth lines of the poem points to the theme of strength and empowerment in women . In the line because it will remind me I m a woman (line 3 and because I will look like a survivor the woman is declaring that being a woman means being brave and strong . Thus, by re-affirming her gender identity , the person in the poem is also recognizing that women in general possess strength of characters . Furthermore , because the color red symbolizes intense emotions , it evokes attention thereby , reminding us that women are not ordinary Carole Satymurtis I Shall Paint my Nails Red is a wonderful poem which I found myself closely relating to. I feel that in this poem she reflects many sides of a womans life. It may be understood to have two separate messages, the direct and the hidden message. Satymurti does this through showing both the complexity of a womans life, and the simplicity that also exists within.  At first glance, I Shall Paint My Nails Red gives a more obvious and direct amusing message in which she states different reasons why she would paint her nails red. Each line puts the reader in a different situation which may even be applied to our own daily lives. Satymurti does this by using every day examples and using them to suggest often absurd reasons for her to paint her nails red, adding a bit of comedy throughout the poem. Underlying each idea, however, Satymurti implies a deeper message about women and the many roles that they play in society, and the way that they view themselves. READ: Modern reality play EssayThe first idea Satymurti suggests in the poem is, Because a bit of colour is public service. Here, she is implying that in painting her nails red she is in fact doing others a favor. This line makes me think of a woman loading her groceries onto the cash register before paying, showing off her bright red nails and provoking a smile on the cashiers face. She seems to believe that anywhere she were to go with these red nails, the world would see them and appreciate them. Underlying this main idea however, I feel that Satymurti is trying to portray the fact that women are constantly fulfilling others needs. As mothers, wives, lovers, and even working women in society, women often feel that we must make everyone around us happy. The following line states, Because I am proud of my hands. This idea suggests that she feels she is beautiful and is proud to show that off. However, the line may also mean that she is tough and is proud of her own hard work, as hands are often related to manual labor and work. Although not so common at the time the poem was written, today this woman may be portrayed as even a single mother (As she later talks about a daughter, and even a lover, but no husband) trying hard to take care of her family, working to raise them and provide for them. Despite her hard work, this woman is still woman and lacks the rough hands of a man. She paints her nails like every other woman, and is proud of her hands for all the work they have accomplished her. The line that follows, Because it will remind me Im a woman refers back to the line preceding it. Here one may first simply think that by looking down at her hands and nails she will, again, feel beautiful and feel and remember that she is a woman. Looking past that simple first glance, this line goes back to a womans hard work and the tasks that she must accomplish every day with her responsibilities. In all the everyday stress, a woman often forgets that she is also beautiful and that she is a woman. Despite all her hard work, she is still delicate and most importantly, she must still take care of herself.

Corporate Finance Assignment Essay Example | Topics and Well Written Essays - 1750 words

Corporate Finance Assignment - Essay Example Sales increase from year 1 to year 2 by 1.5 times, but in the 3rd year it appears that the sales only increase by 1.33 times, which shows a decline as compared to the previous financial year. Variable cost is included as a percentage of the sales for the month, which is 30% of the sales for the year. All the fixed costs are assumed to be directly attributable to the project and thus are included in the cash flows. As mentioned in the project, the useful life of the facility will be three years, thus it will be depreciated on a straight line basis over three years. Depreciation is a non-cash item, but it is included in the cash flow forecasting because of the tax shield, since depreciation is also tax deductible. In first year, the company will have taxable loss, so it is assumed that the company will have taxable profit in the future, against which this taxable loss will be utilized, resulting in tax savings. Depreciation is added back and the net cash flow is discounted through the use of the required rate of return in order to calculate the Net Present Value. 2. The principal risk of the project There are several principal risks that surround the project. Hi-Tech Industries operates in the technology industry, which is subject to rapid changes in many fields such as standard equipment, operating procedures, and laws and regulation. The project under consideration requires a careful estimation of all the relevant costs and revenues; a misjudgment in the forecast will cause an error in the project net present value, which might result in the acceptance of a project which is not financially viable. The initial capital expenditure must be carefully projected. In order to do so, it is of prime importance that the company obtains quotations from several companies in order to project the current market value of component. An artificially higher price will put a declining effect on the net present value of the project, and an artificially lower price will cause the o pposite. Another risk that is present in the financial appraisal of the project is that the company might not have estimated the correct useful life of the equipment. The IT related hardware and equipment are subject to becoming obsolete at a greater pace as compared to the other kinds, so this risk is present. While making an investment appraisal decision, it is imperative to consider the impact of inflation in the future cash flow. The information provided does not include any relevant information about the price inflation over the three year period, which can significantly impact the expected NPV. The director of the company must also consider the sources from which the financing will be obtained for the investment. Financing decision is significant, as the company would have to pay finance charge to the bank or any other financial institution, and the company must have enough cash flow in the future for the payment of these finance charge. In order to commence any investment ven ture, the director must receive the approval of the shareholders.

Colorado Water Supply to California Essay Example | Topics and Well Written Essays - 1000 words

Colorado Water Supply to California - Essay Example This water is around 95 million acre feet and while most of it is absorbed by the forests and rangelands, some 16 MAF goes into rivers and creeks from where it is supplied to 4.6 million people in Colorado alone. Colorado has a legal obligation to serve other states and thus 8.8 MAF of water goes to south western states including Utah, Nevada, California, New Mexico, Arizona, and Mexico. Even though California is dependent on Colorado for water supply, it needs to understand that water resources of the state are limited and droughts are common in Colorado causing even faster absorption of water. Colorado finds it increasing hard to serve a state as big as California and there are concerns about possible water shortage. California is a huge state and in order for Colorado to supply water, it needs to extract additional 6 MAF of water from reservoirs and storage systems. This has largely had a huge burden on Colorado's water system and during some heavy droughts, its agriculture, recreation, municipalities, and the environment suffered a serious blow. But Colorado is legally obligated to supply water to California due to several interstate compacts, international treaties, and court ordered apportionment. While the state is suffering because of heavy demand of water and not adequate supply, it has managed to somehow been the main supplier for decades. However this will increasingly become difficult as Colorado's population increases. Colorado's population is expected to increase by another 2.8 million by 2030. And this would mean greater demand for water. Colorado would then need an additional 630,000 AF of water supplies to meet its new obligations. Colorado is working on different plans to increase its water supply. Some of these include planning for new reservoirs and dams, expanding existing storage systems and conservation. Summers also place an additional burden on Colorado's water supply. As summer arrives, not only the demand for water increases, the supply also shrinks due to evaporation and heat. This puts Colorado in a precarious situation. We need to understand that while many neighboring states depend on Colorado water, the supply is still not enough and these demands are placing a huge burden on Colorado's capacity to generate water. 1 ("Colorado wrestles", 2007) California needs to exploit other ways in which in can meet the water demands of its people. Placing excess burden on one state is highly dangerous for the health of the state and its people. California has also been warned to limit its dependence on and use of Colorado water. The state is currently drawing much more water than it has been allotted but promises to reduce its dependence by 2015. In a news article, it was reported that, "Dubbed the "4.4 Plan," it lets California receive surplus Colorado River water that would otherwise go to the other states, in return for California's pledge to reduce reliance on the river within 15 years. California is entitled to 4.4 million acre feet of water a year under the 1928 Boulder Canyon Project Act. That agreement was upheld by the U.S. Supreme Court in 1964. Nevada is allotted 300,000 acre feet. Arizona gets 2.8 million acre feet. An acre foot of water is about 326,000 gallons, or roughly the amount needed for an average family of five fo r one year. In recent years, California's annual draw has grown to as much as 800,000 acre feet above its allotment."2

Work sheet Assignment Example | Topics and Well Written Essays - 750 words

Work sheet - Assignment Example lingering aftermath of the 2010 BP oil spill in the Gulf of Mexico, a contemporary technical innovation which provides a â€Å"new method to improve the efficiency of cleaning up oil spills, using magnets† (Hall, 2012), holds significant potential. This new method is the brainchild of Markus Zahn, a professor of electrical engineering at MIT, and the research team led by Shahriar Khushrushahi of MIT’s Department of Electrical Engineering and Computer Science. MIT had a breakthrough in January, and unveiled its new concept in September this year, posting it as a YouTube video. This innovation originated in Zahn’s concept that, if oil was magnetic, it could be easily separated from water using magnets. It works on the concept of magnetized fluids, or ferro-fluids. These are synthesized fluids, made up of 10 nanometer magnetic nanoparticles coated with a surfactant to stabilize it within a host liquid. They are typically water or oil based. The mixture of oil and water is collected in a restricted space. The oil is made magnetic by the addition of the magnetic nanoparticles. The magnetic oil is then separated from the water, using large magnets, giving clean water and magnetic oil. Using existing technology, the magnetic nanoparticles are removed from the oil, and the oil is recovered and recycled. (Zahn and Khushreshahi, in Hall, 2012). The concept is implemented through an arrangement of cylindrical magnets which are embedded vertically in a large tank. Globules of oil from the magnetic oil and water mixture rise above the water line and are scoope d up by large magnets. (Casey, 2012). The current methods of cleaning oil spills are of five types, each of which is attended by significant shortcomings. The first method just leaves the oil alone, letting it disperse by natural means. This has the possibility of polluting coastal regions and marine industries. The second method uses dispersants to break up the oil and accelerate its natural biodegradation. The

The Possibility of Extra-Terrestrial Life Research Paper

The Possibility of Extra-Terrestrial Life - Research Paper Example Cox and Rees begin to contemplate the possibility, the arguments in favor of life beyond the blue planet tend to gain more credibility. However, the question is not about which side of the argument has greater credibility or even about getting the majority to agree with or refute the theory. When the issue in question has to be proved or disproved, only conclusive evidence should be included. Speculations, whether educated or misinformed, are still speculations only. In the absence of verifiable, conclusive proof, the status quo remains unchanged. Extra-terrestrial life cannot be assumed to exist till such irrefutable evidence is presented. This paper seeks to substantiate this claim by first discussing expert opinions on the issue, and how despite their scholarly backing the opinions remain speculative; then, by exploring how alleged encounters with aliens are possibly nothing more than psychological condition; and finally by looking at the implications of this kind of unrestrained speculation. Apart from the opinions of the scientists mentioned in the introduction, experiences of other experts who have dedicated their careers to researching this possibility are well-documented. Jacques F. Vallee in his paper â€Å"Five Arguments Against the Extraterrestrial Origin of Unidentified Flying Objects†, advances alternatives to the two conclusions that either Ufo does not exist or if they do, they must necessarily be from outer space. In the summarization of his arguments, Vallee declares: (1) unexplained close encounters are far more numerous than required for any physical survey of the earth; (2) the humanoid body structure of the alleged "aliens" is not likely to have originated on another planet and is not biologically adapted to space travel; (3) the reported behaviour in thousands of abduction reports contradicts the hypothesis of genetic or scientific experimentation on humans by an advanced race; (4) the extension of the phenomenon.

MGMT 670 STRATEGIC MANAGEMENT Essay Example | Topics and Well Written Essays - 750 words

MGMT 670 STRATEGIC MANAGEMENT - Essay Example The acquisition of Salomon in the year 1998 was done with an aim, so that Adidas could get a market of the diversified type of sporting goods that were manufactured by Salomon. The restructuring of sporting goods of the Adidas Company was further done with the acquisition of the Reebok Company in 2006 by which, the company felt that it would get wider market coverage, since Reebok was specializing in the areas of the athletic footwear, golf equipments as well as the footwear and apparel markets. (Reuters) Adidas felt that by such a kind of restructuring process done by means of acquisition, the company could make a huge impact in its business, since it would be able to get the market shares, which are enjoyed by the companies that were acquired. This would in turn help the company to face the threat of cutthroat competition from Nike and at the same time would increase its sales and help it to regain the top spot in the sporting goods business. This was the main idea behind the acqui sitions and the Adidas management thought this to be the fitting reply to Nike. The corporate strategy of Adidas can be truly rated as a good one, since the European company had to get the market share of US which it had lost to its rival Nike. ... (Reuters) The Acquisition of Salomon and its products Adidas acquired Salomon in the year 1998 since the company was manufacturing a variety of sports goods products. This acquisition was done to make Adidas to overcome Nike and become the number one sports goods manufacturing company. But once the acquisition was underway the industry dealing with the winter sports was showing a decline, since it was becoming less attractive among individuals and this could really affect the prospects of Adidas. After the acquisition it was seen that, there were some difficulties that cropped up in integrating both the companies. It was only after a span of about five years from acquisition that, Adidas started to regain its share value in the sports market. The Salomon business unit also contributed only very less to the total operating profits of Adidas and this was a further blow to the company, since it had expected a very good operating profit. As a result the overall financial performance of A didas did not show any sort of improvement even after the acquisition. The golf division of the Taylor made Adidas products also struggled a lot to make profits initially ever since the acquisition. As a result of this Adidas divested almost all of its winter sports brands to the Amer sports corporation in the year 2005. (Mike) The Acquisition of Reebok and its products In the year 2006 Adidas acquired the Reebok Company with an idea to make its presence felt in the athletic footwear and apparel as well as the golf market. The Reebok international company already was involved in the designing as well as the sales of the apparels, footwear as well as hockey equipments for Greg Norman, Rockport and CCM respectively. Thus through

Trademark Dilution Assignment Example | Topics and Well Written Essays - 1500 words

Trademark Dilution - Assignment Example As a result brand identity is an important part of the company. There comes a time however, when newer companies secure trademarks that are almost identical to those that are already more established. Think of a scenario for instance where two or more schools share the same uniform. This interference with trademarks can be called by different names but the most relevant to the topic we are about to discuss is dilution. Dilution was the subject if great controversy at the time of its founding. The idea is that there are large companies that wish to protect their already established trademarks. Therefore the best thing for them is to support the passing of dilution clauses into law to deny newer entrants the opportunity to try and make money from establishing their trademarks along the standards already set by the established brands. This paper shall seek to study the history and current state of trademark dilution. There shall be case studies that are analyzed so as to show how trademark dilution has evolved through rulings and also legislation. Another important aspect of trademark dilution is whether or not in reality, trademar4ks prevent such uncouth behavior as the industry is trying to prevent. Of course it is one thing to cry foul about trademarks and quite another to establish their effectiveness. The reason why this is the case is primarily because creative departments in companies develop novel means to reciprocate the efforts and products of other companies. Trademark dilution is the United States for instance is a fairly recent phenomenon bearing in mind that the necessary legislation was passed in 1995. That was the year that the Federal Trademark Dilution act was passed. It sought to protect large companies against the ‘gradual whittling away’ of renowned brands by new entrants1. This was an effort to protect big business at the expense of upcoming businesses. This, as the more fashion conscious will note, is a famous fashion brand. The

Ethical Public Speaking Paper Essay Example for Free

Ethical Public Speaking Paper Essay The Speaker was Emma Watson introducing the campaign called He for She. The campaign is about political, economic, and social gender equality and not just for females, but for males as well. To often the word femanism has an underlying meaning to people as â€Å"man hating†. Emma Watson came to speak about just that and other issues that often go by unseen. The issues of the glass ceiling, equal wages for same work between genders, women involvement in poilicies and laws that will effect all womens lives, and socially having equal respect. There is no country in our world that have completely achieved gender equality that should be viewed as human rights. There has been significant improvement in many countries but many women today still do not have the opportunity to have secondary schooling. Men should be just as much involved in gender equality because there are also issues that they have to deal with. The role as a father is being valued less and less in society, and young men do not ask for help for fear they will be less of a man. Men and women should feel free to be sentative and strong. As Emma Watson said, â€Å"Gender should be on one spectrum and not two sets of opposing ideals†. Ms. Watson upheld most of the responsibilities for ethical public speaking. The topic of gender equality promotes positive values and she did not shy away or back down from what hse believed in. Multiple times in the speech she talked about in her research she has found many startling facts and presented them well. When her language was not inclusive, it was to show the conflict and differences between genders. The time in total for the speech was about 13 minutes long and was respectful to her listeners. Some things that were not fufilled was sometimes with the statistics she used whole numbers instead of percentages and did not credit her sources for any of her information. Some of the responsibilities that a listener would have to this speech would be clappinging at certain points. When the listeners clapped it communicated their agreement to Emma Watson, and she in turn, paused and waited for them to finish. While Ms. Watson was speaking, she invited all people to join her in the movement He for She and as a listener, we can choose to either join her movement or not. Emma Watson’s speech was an excellent example of an ethical speech discussing a controversial topic.

Effect of Obesity on Children

Effect of Obesity on Children Chapter One: Introduction Overweight and obesity have turn out to be the most serious health problem in children, adolescents and adults. â€Å"Overweight in children and adolescents was defined as ≠¥ 85th percentile according to BMI-for-age growth sex-specific charts, whereas obesity ≠¥ 95th percentile of the BMI-for-age growth, sex-specific charts â€Å"(Ogden et al., 2010). In the United States and Canada, 30% of adolescents were obese or overweight while the percentage doubled in adult (Anis et al., 2010). Obesity in adolescents’ population tripled in the last 30 years at both countries (Ogden et al., 2002). Several chronic conditions such as cardiovascular disease, diabetes, and cancers were observed in obese adults (Panel, 1998). Adipose tissue is composed of subcutaneous and visceral adipocytes (Chowdhury et al., 1994). Visceral fat accounts for 20% of total body fat in men compared to only 6% in premenstrual women (Krotkiewski et al., 1983). The etiology of visceral tissue dispositi on in humans is still indistinct (Samaras et al., 1999, Batra and Siegmund, 2012). In the last decade, blood pressure increased among children and adolescents (Muntner et al., 2004). Furthermore, children with high BMI are more probable to have elevated blood pressure and lipid profile (Freedman et al., 2007). Additionally, premature mortality is attributed to elevated blood pressure by increasing the incidence of cardiovascular disease (Stamler et al., 1993, Vasan et al., 2001).On the other hand, treatment of childhood obesity initiates reduction in blood pressure among adults which leads to cardiovascular disease prevention(Freedman et al., 1999). In 2008, Khader and colleagues estimated that 28.1% of north Jordanian adult men were obese. Whereas, in 2009 the obesity rate, as regards to studies conducted on children in north Jordan, was 18.8% of the targeted population(Khader et al., 2008, Khader et al., 2009). Comparing those studies, there is domination of obesity among adults rather than adolescents which leads to a prediction of escalating the obesity problem by age in north Jordan. This study aims to estimate abdominal and total fat among Jordanian adolescents and its relation to blood pressure. Many studies have shown that blood pressure is associated with being overweight in children and adolescents of Western countries (Genovesi et al., 2005, Ebbeling et al., 2002). Therefore, the aim of this study aims to estimate abdominal and total fat among Jordanian adolescents and its relation to blood pressure. Chapter Two: Literature Review. High body mass index is usually associated with elevated blood pressure (Cercato et al., 2004). Relation of trunk, waist circumferences and visceral fat with blood pressure were considered predictor indicators in children and adolescents for cardiovascular mortality (Welborn and Dhaliwal, 2007). The prevalence of hypertension among adolescents population has not been acknowledged as in adults. Adolescents with elevated blood pressure (BP) can develop several chronic diseases and body organ damage also they will increase risk of cardiovascular disease in adulthood. Therefore, prevention of obesity will help to limit the disease burden due to hypertension (Lande et al., 2006, Must et al., 1992). In several studies conducted in Western countries, prevalence of high blood pressure among children ranged from 7 to 19% (Sorof et al., 2004, Paradis et al., 2004). However, few studies have been conducted in adolescence at developing countries (Mehdad et al., 2013, Abdulle et al., 2014, Abolfotouh et al., 2011). Fat accumulation especially in abdominal region: More than one third of obese children remained obese at adulthood (Serdula et al., 1993). A study showed that 77% of obese adults was related to overweight in childhood (Freedman et al., 2001). Another longitudinal study pointed that only1.6% of adolescents’ in the transition to young adulthood shifted from obese to non-obese, while 9.4% remained obese (Gordon-Larsen et al., 2004). Presence of abdominal fat was observed among non-obese children (Goran et al., 1995) and adolescents (Fox et al., 1993, De Ridder et al., 1992). In the topic of obesity, especially the android type of obesity , an observation of high mortality rate was recorded among the Danish population in a study with 27178 men and 29875 women. Mortality rate was 10% higher among 136 men than 130 women who were having increased waist circumferences. A similar observation was detected among smokers, overweight or obese participants (Bigaard et al., 2005). A study was in Morocco on 167 adolescents aged from 11- 17 years (123 girls and 44 boys) were, 42% overweight and/ or obese in addition to 58% were at normal weight. Significant relation between BMI and each of fat mass percent body fat in both genders. Waist circumferences could be predictor tool for fatness among adolescents (Neovius et al., 2004, Wang et al., 2007). In Kuwait, a study on adolescents 4,219 participants aged from 11 to 19, Boys who had waist circumference ≠¥ 90th percentile account 8- 30.3%, mean of waist circumference was higher in boys than it was in Kuwaiti girls. Also, increase in percentage of boys who had ≠¥ 90th percentile observed in boys unlike girls (Jackson et al., 2010). Peeters and colleagues (2003) detected a remarkable decrease in life expectancy by 7.1 and 5.7 years in nonsmoking males and females respectively at 40 years old. While, a lower life expectancy of 13.3-13.7 years identified in obese smoking females and males respectively (Peeters et al., 2003). Relation between smoking among adolescents and excessive fat in abdominal region young adults (men and women) has been investigated (Saarni et al., 2009). Intra-abdominal fat increases cardiovascular risks such as hypertension and dyslipidemia. Cardiovascular disease risks rise when accompanied with smoking which leads to modifications in the physiological functions of adipokines, endothelial, insulin and proatherogenic status (Ritchie and Connell, 2007). Other studies confirmed the association between abdominal obesity and smoking. Both abdominal fat and smoking were at tributed to the same risk factors, which were unhealthy dietary behavior (Wingard et al., 1982, Keski-Rahkonen et al., 2003), low education (Pierce, 1989, Green et al., 2007) and low physical inactivity (Aarnio et al., 2002, Escobedo et al., 1993), the etiology of this causal link remained unclear. The reason could be related to the change in glucocorticoid metabolism and psychosocial stress that has been caused mainly by smoking (Cohen et al., 2006, Lahiri et al., 2007, Rohleder and Kirschbaum, 2006) may be in charge with abdominal fat (Bjà ¶rntorp and Rosmond, 2000, Bjà ¶rntorp, 2001). Visceral tissue were more sensitive to lipolytic stimuli than other fatty tissue make fatty acid from triglycerides turnover increased in blood stream by portal vein, this led to, increasing hepatic fatty acid release make liver exposing to fatty acid also increased hepatic gluconeogenesis and secretion of LDLs moreover to inhibit hepatic role of insulin riddance to develop hyperinsulinemia and insulin resistance (Bjà ¶rntorp, 1992). Studies showed that ischemic heart disease, independent lipid level changes (Desprà ©s et al., 1996) and metabolic abnormalities were associated to patients with fasting hyperinsulinemia (Haffner et al., 1992). A hypothesis studied by Randle suggested a reduction in insulin resistance and glucose uptake because of reduce the need for glucose oxidation when fat oxidation increased (Randle et al., 1963). Dietary effects on visceral fat, a study on white non-obese men, explains visceral and subcutaneous fat and dietary effect. Fat intake explained only 1.4% of the variance in subcutaneous fat and no variance in visceral fat. On the other hand, 2% of the variance appear in total adiposity, which make dietary factors have a minor role in total adiposity and with no effect on visceral fat (Larson et al., 1996). In Bogalusa Heart Study, children and adolescents aged from 6-18 years demonstrate that high fat in truncal region associated with elevated LDL and VLDL cholesterol concentrations (Freedman, 1995). Total and visceral fat were inversely affected by dietary fibers intake; that effect was significantly observed among adolescent boys without a significant effect on girls in sample aged 14-18 years old in total participants of 559. Moreover, it linked between dietary fiber intake and inflammation markers include adiponectin and C-reactive protein (Parikh et al., 2012). Aerobic exercise among adolescents for 8 weeks had significant effect on decreasing total fat 700 g by (0.6 %); the majority of the lost fat was observed in abdominal region, but, no significant changes were noticed in subcutaneous fat to alteration in body compositions (Watts et al., 2004). Risk for elevated blood pressure and it’s relation to total and abdominal fat: Hypertension raised atherosclerotic cardiovascular disease outcomes by 2 to 3 folds. Moreover, Hypertension is the most influential accompaniment with cardiovascular disease that leads to death in a prospective longitudinal analysis (Kannel, 1996). In Bogalusa Heart Study, prevalence of adult patients with hypertension who were diagnosed clinically, they were significantly higher in those who had elevated blood pressure at childhood (Bao et al., 1995). In young boys, an increase in blood pressure from pubescence to 18 years was observed (Cornoni-Huntley et al., 1979). Relation between blood pressure and fat distribution had a marked variance upon sexual difference among adolescents. Boys had an elevated blood pressure associated to adiposity that was enhanced by visceral and peripheral fat, unlike girls where blood pressure was affected by peripheral adiposity but no significant effect by visceral adiposity (Pausova et al., 2012). Low averages at cognitive test scores were observed among 5077 children and adolescents from 6 to 16 years when systolic blood pressure were ≠¥90th percentile and diastolic ≠¥ 90th percentile (Lande et al., 2003). In adolescents, 9-17years old, cardiovascular risk factors associated with fat accumulation areas, which was analyzed by Dual-energy X-ray absorptiometry (DEXA) (Daniels et al., 1999). Android type of obesity and cardiovascular disease risk factors as blood pressure produced a powerful relation among African-American and Caucasian children (He et al., 2002). Abdominal fat distribution that was measured by DEXA and skinfold- thikness among 920 healthy children and adolescents (American, Asian, and Caucasian aged from 5 to 18 years) was predictor for blood pressure in boys but not in girls (He et al., 2002). Systolic and diastolic blood pressure relation to total fat and fat distribution by using DEXA on 127 adolescents aged from 9-17 years, systolic blood pressure have significant relation to total body fat and fat distribution but diastolic blood pressure was significant with total body fat but was not with fat distribution (Daniels et al., 1999). Evidence approved that truncal fat was associated to high cardiovascular risks such as hypertension compared with peripheral fat (Kannel et al., 1991, Sardinha et al., 2000). Adolescents with left ventricular hypertrophy were associated with high rate of essential hypertension; those who developed severe hypertrophy and abnormal left ventricular geometry were in high degree of the risk to cardiovascular disease and increase in morbidity rate (Daniels, 1999). Abdominal fat could be estimated by using waist circumferences as a better indicator for abdominal fat rather than waist to hip ratio among children and adolescent because waist to hip ratio reflected changes in fat amount less than bones and muscular changes when children and adolescent were growing (Kissebah and Krakower, 1994). Waist circumference had relevance to blood pressure adolescents of both sexes and showed, by a study applied on multivariate models instead of visceral fat, no association between blood pressure and visceral fat, which made waist circumference an inappropriate tool to evaluate visceral fat in adolescents (Pausova et al., 2012). Adults, who deposited fat viscerally, rather than elsewhere in the body, were at a higher risk for hypertension (Hayashi et al., 2003, Fox et al., 2007). This relationship was shown to be stronger in men than in women (Fox et al., 2007). Insulin absence, resistance and hyperinsulinemia were associated to obesity chiefly in abdominal region. insulin was responsible to elevated blood pressure due to obesity. One of the mechanisms to protect body from gaining weight, hypothesized by Landsberg, was activating the sympathetic nervous system when consuming high calories which lead to increasing thermogenesis (LANDSBERG, 1986). Mikhail and Tuck. 2000 observed an alteration in artery structure include thickness and artery flexibility in hemodynamic effects of insulin. Abdominal obesity related to increased plasma renin activity is the possible key to blood pressure elevation (Licata et al., 1994). Strong evidence showed that management of hypertension was related to obesity by block renin-angiotensin system (RAS), which was active in obese subjects (Sharma, 2004). In mice, adipocyte differentiation and growth effect by adipocyte-derived angiotensinogen which secreted into the bloodstream, redounding blood pool of angiotensin ogen (Massià ©ra et al., 2001). It was recently found that mice have greater angiotensinogen gene expression in visceral fat at variance with other fat tissue when it was on high fat diet to induce obesity (Rahmouni et al., 2004). Patients who accumulated fat, especially visceral fat, were associated with elevated plasma aldosterone (Goodfriend and Calhoun, 2004). Elevated blood pressure could be induced by aldosterone by effect on mineralocorticoid receptors situated on tissue as in brain, kidney and vasculature to make Aldosterone have a significant relation on obesity-hypertension (Rahmouni et al., 2005). Aldosterone relation to obesity-hypertension, explained by De Paula, showed blocking mineralocorticoid receptors with the specific antagonist eplerenone. A remarkable blood pressure increase was inhibited without development of weight on dogs even on the high fat fed ones (de Paula et al., 2004). Vasculature health preservation depended on endothelium status when nitric oxide was released which was characterized by antiatherogenic properties (Vita and Keaney, 2002). Exercise was one of interventions that could be applied to improve nitric oxide dilator function (Maiorana et al., 2000, Maiorana et al., 2001), considering cardio-protective factors. Normalizing in vascular function and alteration in body compositions by increasing muscular strength were results for exercise training to minimize cardiovascular disease in future. Detection and treatment of endothelial dysfunction for 19 obese subjects aged 14.3  ± 1.5 in early stages were known as primary strategy role to prevent to prevent adolescents who were susceptible from developing cardiovascular disease in adulthood (Watts et al., 2004).

American History Essay -- History, British Colonies, War

From 1754 to 1763, the French and Indian War cost Britain greatly. Feeling that the colonists benefitted the most from this war, Britain decided to tax the thirteen colonies to help pay for it. After all, the war provided the colonists with greater protection from the natives, and now had more land that had been conquered from France. Colonists in the early 1700’s were English subjects. As Englishmen, they were entitled to certain rights. One of these rights was there was to be â€Å"no taxation without representation†. Due to the vast distance England was from the colonies, it was impossible to have a colonist represent the colonies in Parliament; therefore they should not have to pay taxes that Parliament dictated. Having Parliament dictate taxes was not merely a breach of rights, but was basically an indirect way of utterly controlling the affairs of the colonists. By getting taxes from the colonists, Britain could directly give these taxes to their governors, who o ften did not have colonist’s best interests in mind. By taxing themselves, the governor would have to go through their representatives to get money, and in so doing, would have to â€Å"play nice† I order to pay for things he wanted done. Colonists were afraid they would lose their self-governing abilities, and ultimately suffer at the hands of tyrannical governors. (As an analogy, it would be like Ohio having no senators, and Washington making all of our laws for us.) Britain did not take colonist arguments against taxation as valid. Britain began this fight by revamping the Molasses Act, into the Sugar Act 1764. By increasing the enforcement of the new act, and by reducing the percentage from 6 to 3 %, Britain hoped to keep colonists in line. Perhaps if the colonists wer... ...these acts, the first continental congress was formed. Among the leaders were Patrick Henry, George Washington, Samuel Adams, and John Adams. They believed that the Thirteen Acts of Parliament were not only unconstitutional, but went against basic human rights. They didn’t want to have war, but they did make a stand. They decided the best idea was to completely boycott all British goods, and to stop all export of colonial goods to Britain. They were able to stop the import and export by having each county, city, and town select a committee to oversee that the colonists were all in accord (Faragher. pg. 145). These committees are what enabled the colonists to organize retaliation from British troops. â€Å"On September 1, 1774, General Thomas Gage sent troops to seize stores of gunpowder and arms from several storehouses on the outskirts of Boston† (Faragher pg. 145)

Western Views of Women in Islam Essay example -- Essays Papers

Before venturing into the ideals and movements of Islamic feminism, it is important to recognize some of the biased views Westerners often take when it comes to women in Islam. Because of the portrayal of women in the Arab world through pop-culture and the media, some Westerners may believe that Islam creates a society in need of modernity. The concepts of religious government are also foreign to the Western world. Feminists often focus on the practice of veiling women in Islamic tradition as a law made to minimize the importance of women as citizens. It is important for us to recognize where our biased views exist, and what sorts of root assumptions we make about women in Islam. The truth is, Islamic culture is highly misunderstood, and the customs within Islam are often misinterpreted by Westerners. Often we point to the Arab world as an example of poor treatment of women, without evaluating our own laws and practices. In an article in the Start Tribune published in 1989, Dr. Fatma Reda, a scholar from Egypt who came to the U.S. with her husband the year before, experienced some of the Western stumbling blocks for women and longed for her Islamic country. She decided to buy a parcel of land for herself, but in the U.S., she needed a co-signature of her husband. She had been used to more equality in Egypt between men and women. â€Å"Under Islamic law, women can own property independently of their husbands†¦ in Islamic teaching, women are entirely equal to men†¦ many times Muslim women make choices that look on the surface like we don’t have as much freedom, but it is just different† (p. 1). Many Islamic cultures do in fact see women as secondary citizens, but Islamic women are becoming much... ... It is time they realized they have much common ground† by Arzu Merali, the author points out what feminists have assumed of Muslim women. â€Å"The Islamic Human Rights Commission receives case after case of employers and educators using this image of the downtrodden Muslim woman to excuse discrimination. Muslim women are denied many opportunities on the assumption that they will- if not on a whim then by force- get married, or have many children. Or they face the horrendous dilemma of having to choose between employment and their Islamic garb.† We are not prepared to enter a discussion on Muslim women if we do not understand that our stereotypical images are not accurate. The purpose of this project is to bring light to the facts of Islam, of women, and of the Qur'an. After obtaining these facts, only then can we interact for the common goal of feminism.

Sex in Advertising :: Papers Media Ads Sex Appeal Essays

Sex is everywhere in our society. It is on TV, magazines, radio, billboards, and basically anywhere you look today. People cannot get away from sex in advertising because so many companies use it. Sex appeals are used in advertising all the time, and people love to look at it because 'Sometimes people listen better with their eyes' (Steel 137). Sex in advertising is an effective technique that is used today. It helps companies successfully sell their product in our market. Of course it has to be directed at the right audience, and sold at the right places in order for it to work. Sex in advertising has been around for many years now. Ever since the Maidenform fantasy over twenty years ago. Here is a great example of sex in advertising. It showed women in their Maidenform bras and had different schemes to each one. Maidenform were showing that if they wore this bra and look sexy they could be successful in their jobs and get out of the house. Basically these ads made women feel sexy, and more confident about their bodies. Quit being just a housewife, which many of them were back then. It was now ?The Maidenform Women. You never know where she?ll turn up? (Moog 109). The Maidenform bra ads symbolized the exciting but frustrating longings of the past (Moog 109). Of course this brought some controversy, but when you are dealing with sex appeal in your ads it?s kind of an automatic. That was then, what about now? There are many companies that use sex appeal in their ads today. For instance Victoria Secrets is one of the top sellers in lingerie. They show skin in every one of their ads. All of their models put on the sex appeal for all commercials and magazines. That is what helps them sell. Women look at those ads and see those girls floating on clouds like angels and feel they could feel the same if they wore that purple bra or red underwear. By showing these girls constantly looking sexy in their ads make women feel sexy just wearing them. That is the whole point of using sex in your ads. It?s amazing what a little skin can do. "In advertising, sex sells. But only if you're selling sex (Richards).

Adderall Literature Review Essay

According to DSM-IV (2005), Attention Deficit Hyperactivity Disorder (ADHD) is defined as â€Å"persistent pattern of inattention and/or hyperactivity-impulsivity that is more frequently displayed and is more severe than is typically observed in individuals at comparable level of development.† A recent study suggests that 9% of U.S. school-aged children (3-17) are diagnosed with ADHD (US Centers for Disease Control and Prevention, 2010). At first, there was a misconception in society that ADHD only affected children and that eventually they would outgrow it. However, recent data suggests that 4.4% of the U.S. adult population have ADHD. Studies also indicate that 30%-70% of children with ADHD continue to have symptoms as adults. (Desantis, 2008, p. 31) See more: Experiment on polytropic process Essay In terms of treating ADHD, Adderall is the most commonly prescribed medicine for children and adults. According to Desantis (as cited in Okie, 2006), â€Å"The number of American adults who are prescribed medication to treat the disorder has increased by 90% from 2002 to 2005, with adults receiving one-third of all prescriptions† (p. 32). Shire Pharmaceuticals introduced Adderall in 1996. In 2001, Shire introduced an extended release version known as Adderall XR. Adderall is a mixed salt amphetamine. It works to increase concentration and focus by stimulating the production of dopamine and norepinephrine in the brain (Schiffner, 2010). For individuals with ADHD, Adderall produces enough dopamine and norepinephrine in the brain to bring them to a normal state of functioning and focus. For individuals without ADHD, Adderall tends to over-stimulate the brain, which results in an even higher level of functioning and focus. Adderall, along with cocaine and other substances, is classified as a Schedule II substance because of its potential for abuse and dependency both physically and psychologically. Consumption of Adderall by College Students The main subject being explored throughout this paper is the use of Adderall among college students. There have been numerous studies that have explored the overall usage of Adderall, but only a few have focused specifically on its consumption by college students. Studies have also been done on the illegal usage of other stimulants among college students, which highlight relative statistics. Nichols (2004) indicated, â€Å"†¦the United States Department of Health and Human Services found in an annual survey of drug use that 1.8 million Americans between the ages of 18 and 25, or 6 percent of those surveyed, admitted having taken Ritalin — an older stimulant used to treat attention-deficit disorder — without a prescription† (p. A41). This study indicates that there is a growing population of college students who consume non-prescribed stimulants. McCabe et al (2005), conducted a study in which 10,904 students were surveyed at 119 different 4-year colleges in the United States. From that study McCabe et al (2005) found that 6.9% of the students surveyed used an illegal prescription stimulant in their life. 4.1% of which used an illegal prescription stimulant in the past year. Also for the study, McCabe et al (2005) found that non-medical prescription stimulant users were â€Å"more likely to report use of alcohol, cigarettes, marijuana, ecstasy, cocaine, and other risky behaviors† (p. 96). Loe et al (2008) conducted a study on Adderall and Ritalin amongst the college population and results showed that students â€Å"†¦may resort to medical means to manage their time and to perform well inside and outside of the classroom† (p.8). Although the primary use of the drug is for academic purposes, students also turn to it for recreational purposes. Statistically, Loe et al (2008) reported, â€Å"75% of the students who took these meds indicated doing so for academic purposes. Students also list taking them for fun (68%), to stay awake (56%), and to party (50%) as other reasons† (p.8). Adderall may also help young adults improve their driving ability. It has been reported that individuals with ADHD are more likely to be at fault in driving accidents (Burgbacher and Brewer, 2006, p. 7) (as cited in Kay, 2005). This data indicates that students are finding alternative reasons for using stimulants and not just for academic purposes. Desantis et al (2008) surveyed 1,811 students at a large public institution in the southeast. Of the students surveyed, only 4% reported having a prescription to ADHD while 34% reported having used ADHD medication illegally (p. 32). Desantis et al (2008) also indicated that only 2% of the students believed Schedule II amphetamines posed a health risk. 81% of the students believed that ADHD medications were â€Å"not dangerous at all† or â€Å"slightly dangerous† (Desantis et al 2008, p. 33) More recently, Schwarz (2013), in an article for the New York Times, indicated (as cited in I.M.S. Health, 2011) that nearly 14 million monthly prescriptions for the condition were written for Americans ages 20-39, two and half times the 5.6 million just 4 years before. (p. 18) Each of these studies reported similar statistics and similar trends growing amongst the college population. Each study reported a high rate of students consuming non-medical ADHD medications. The more alarming statistic revealed by these studies is that non-medical prescription stimulant users were more likely to abuse other drugs and also believed that ADHD medications were not dangerous at all. This indicates that Adderall and other ADHD medications are becoming a gateway drug. It is also indicates that students may be justifying their usage of non-medical consumption of ADHD medication. Attainment of Adderall Studies show that Adderall is used very often which indicates that it is not difficult for a student to attain. Evidently, those without prescriptions find it rather easy to obtain Adderall. On college campuses, there are usually peers selling or willing to give away Adderall, which is a federal crime. Stolz (2012) put much of the blame on universities by stating that, â€Å"Universities are a large part of the problem. Student can simply go to the health clinic on campus and obtain a prescription for Adderall or an ADHD diagnosis. The process is easy for most, and many students are misdiagnosed in that manner. University clinics eliminate the need for these students to find and make appointments with a psychiatrist, which may take months and entails more stringent testing prior to diagnosis.† (p. 586) Studies also show that, along with universities, physicians often prescribe ADHD prescriptions without performing exact assessments that physicians are trained to perform (Nichols, 2004).   Furthermore, money is also areason for a student to seek an Adderall prescription. Based on the previous statistics mentioned, it is widely known that there is a high demand for Adderall on a college campus, which makes it a profitable investment. Not only does the individual who obtains the prescription benefit from the enhancement of their own academic performance, but also the potential to earn income by selling the pills (Stolz, 2012, p. 586). Loe et al (2008) reported that â€Å"Of the 68 students who claimed to have taken prescription stimulants without a prescription, a large majority, 87%, received the drugs from friends and family and 26% purchased the drug.† (p. 9). This statistic further verifies the simplicity in obtaining prescription stimulants. Health Concerns in Correlation with Adderall Consumption Along with the upside of the drug, as with any other drug, there is a downside that negatively affects individuals physically and psychologically. Negative side effects of Adderall consumption include difficulty sleeping, loss of appetite, seizures, uncontrolled shaking and body movements, and hallucinations (Schiffner, 2010). The Medical Guide for Adderall (which is approved by the U.S. Food and Drug administrations) lists common side effects as, â€Å"Headache, decreased appetite, stomach ache, nervousness, trouble sleeping, mood swings, weight loss, dizziness, dry mouth, and fast heart beat† (Medication Guide, 2011, p. 17)   More drastic side effects may result from long periods of Adderall consumption, especially for individuals who do not have ADHD. Ultimately, this long term consumption can result in severe physical and psychological dependence. In a recent article in the New York Times, Schwarz (2013) (as cited from The Journal of Drug and Alcohol Dependence, 2006) wrote, â€Å"†¦about 10 percent of adolescents and young adults who misused ADHD stimulants became addicted to them. Even proper, doctor supervised use of the medications can trigger psychotic behavior or suicidal thoughts in about 1 in 400 patients, according to a 2006 study in the American Journal of Psychiatry† (p. 18). In March 2005, Health Canada actually suspended the sale of Adderall XR based on 20 international reports of sudden death in patients (Kratochvil, 2005). Evidently, the long-term use of Adderall can cause major health issues including, severe dependence, psychotic behaviors, possible suicidal ideations, and even sudden death. Justifications for Illegal use of Adderall and Other Attention-deficit Medications In society, individuals with drug and substance abuse issues often try to justify their abuse. The main goal of Desantis’ (2008) study was to see how college students â€Å"conceive the drug and justify its use† (p.35). The first justification was comparing ADHD stimulants to party drugs. They asserted that it was morally justifiable to use ADHD stimulants because it was to promote a positive outcome (Desantis, 2008 p. 36). Another assertion was that ADHD stimulants were â€Å"good†, legal drugs because they come from medical establishments rather than â€Å"bad,† illegal street drugs (Desantis, 2008, p. 36). Other participants believed that there’s no high because it does not alter their mind and pose the same side effects in comparison to other illegal street drugs (Desantis, 2008 pp. 36-37). Other justifications indicated in Desantis’ (2008) study were that students use ADHD stimulants in moderation and therefore it is not harmful. Other students maintained that they use stimulants to self-medicate because they believe they have ADHD themselves and have not been diagnosed. The final rationalization is that ADHD stimulants are â€Å"harmless, benign, and a socially acceptable anti-fatigue aid† (Desantis, 2008, pp. 38-41). All in all, the previous research supplies recent qualitative and quantitative data that implies that Adderall and other ADHD stimulant consumption among the college population is a recurring and growing trend. Research also maintained that universities and physicians are also responsible for the drugs circulation. As a result of this research, it is evident that college-aged individuals are unaware of the major physical and psychological risks that can result from the illegal consumption of Adderall and also believe that their consumption is justifiable within society. For this study, a survey will be anonymously distributed among college campuses in the area containing both quantitative and qualitative questions about their experience and/or knowledge of Adderall. The sample population will be college students in the area between the ages of 18-25. The sample population will be selected anonymously and will remain anonymous because the study touches upon illegal activity. I will gain access to my subjects via social media networks (facebook, twitter, etc.). From the survey, I expect to obtain pertinent information that will help understand why college students consume non-prescribed Adderall, how they gain access to Adderall, and if they are aware of the risks that come along with Adderall consumption. References – Burgbacher, Katie, and Amanda Brewer â€Å"Study of Adderall Use Among College Students: A New and Upcoming Trend† University of Kentucky. RUNNING HEAD: Research Project (2006). Pp 1-19 – Desantis, Alan, and Audrey Curtis Hane. â€Å"†Adderall is Definitely Not a Drug†: Justifications for the Illegal Use of ADHD Stimulants.† Substance Use & Misuse 45 (2008): 31-46. Print. – Diagnostic criteria for attention deficit for hyperactivity disorder, (2005). Diagnostic and Statistical Manual of Mental Disorders. American Psychiatric Association. – Kratochvil, Christopher. â€Å"Health Canada suspends Adderall.† Brown University Child & Adolescent Psychopharmacology Update 7 (2005): 12. Print. – Loe, M. E., DeWitt, C. , Quirindongo, C. and Sandler, R. , 2006-08-11 â€Å"†Pharming† to Perform in the Classroom: Making Sense of the Medically-Disciplined College Student Body† Paper presented at the annual meeting of the American Sociological Association, Montreal Convention Center, Montreal, Quebec, Canada Online . 2012-06-24 from http://www.allacademic.com/meta/p103442_index.html – McCabe, S. E., et al (2005). Non-medical use of prescription opioids among U.S. college students: Prevalence and correlates from a national survey. Addictive Behaviors, 30(4), 96-106. – Nichols, K. (2004). The other performance-enhancing drugs. Chronicle of Higher Education, 51(17), A41-A42. – Okie, S. (2006). ADHD in adults. New England Journal of Medicine, 354:2637–2641. – Schiffner, Jennifer. 2010. â€Å"Harder, Better, Faster Stronger: Regulating Illicit Adderall Use Among Law Students and Law Schools† Express – Schwarz, Alan. â€Å"Drowned in a stream of Prescriptions.† The New York Times 3 Feb. 2013: 1, 18-20. Print. – Stolz, Stefanie. â€Å"Adderall Abuse: Regulating the Academic Steroid.† Journal of Law and Education 41, No.3 (2011): 585-592. Print. – Visser, SN, RH Bitsko, ML Danielson, and R Perou. â€Å"Increasing Prevalence of Parent-Reported Attention-Deficit/Hyperactivity Disorder Among Children –United States, 2003 and 2007.† Centers for Disease Control and Prevention 59.44 (2010): 1439-1443. Print.

Extracurricular activities Essay

People may say that extracurricular activities are a waste of time for everyone but that’s not the case, since extracurricular activities help with getting fit, working on focus, and management. I think it’s in everyone’s best interest to let students do extracurricular activities since it will help their students tremendously. Although sports or clubs might not be for everyone it doesn’t mean it shouldn’t be there because it could be beneficial for others. One of the main struggles with not just students but people in general is fitness. Practice is; key if you ever want to get better at sports and it’s the same with school. For students practice gets them in a stronger and fit condition. Without practice you can’t be your best and get fit. Sports also include lifting weights, since sports want students to get as fit as possible and set up lifting days. Coaches are some of the most enthusiastic people. Coaches not only encourage train ing and working hard but they will also help without hesitation if you are struggling and need help. Every student has at least a little problem with focus. Focus is gained with hard work and practice, which is easy to obtain in sports because it is used so frequently. If you don’t focus in sports you will miss the catch or a play. Sports have so many plays and techniques that without focus you will ever learn them. Focus is in sports just like it is in school. Students are more likely to learn focus in something fun like sports than something more boring like school. Sports also teach students to focus on the details which are important in things like tests and projects. One of the other problems with kids these days is they can’t manage their lives. Many students can’t manage their time properly but with clubs and sports they can learn to set times to do homework, study, and etc. students also have to manage their time so they can make it to practice and club meetings. Students also have a rough time managing homework. Without the discipline of sports or some clubs, students will just slack off. Clubs also teach students school before all else, plus without good grades you will be kicked off the team. Most students have short attention spans and bad work ethics since students have an attention span of around 8 seconds. Sports teams and clubs want you to stay on the team so they are willing to help.

Discussion-Reflections and Responses

What does Lynda Parry's comic strip suggest about children and drawing? What do they enjoy about it? Why might they suddenly stop drawing? What does Barry seem to be saying about the creative process In general? I believe that children love the Idea of drawing whatever Is on their mind. If something pops up, they could express themselves by drawing whatever It Is.Barry Is trying to say that children should draw no matter what happens. There may be times where they second guess homeless and that will have an effect on the final outcome. Children may suddenly stop drawing because they are being criticized by other students or even their teacher. Being criticized may bring them down and can have a negative feeling on them. By doing so, they will feel that art is not for them and not want to draw anymore. 2. What are the â€Å"two questions,† and how are they visualized throughout the comic strip?What does their appearance suggest about them? What is their connection to â€Å"goo d† drawings and â€Å"bad† drawings? What do you think the octopus-like creature is meant to suggest? What is the significance of the repeated phrase â€Å"don't know†? Two Questions is a comic strip about Lynda Barry and the art of cartons and drawing. This writer/artist had times of troubles that made her a better person. â€Å"Is it good,† â€Å"Does it suck,† were the two questions that were asked every time she had drawn something.Barry wanted to be a good artist, but she had her doubts about herself. She had to try and figure out the answers to her questions, but instead she shows objects and creatures that are trying to pull her down. For example, on page 66 there Is a picture of a creature that says â€Å"Man the torpedoes she's getting closer. † There are four different torpedoes that explain four different names: moron, genius, stupid, and brilliant. This signifies that she Is getting closer to the answer of these two questions. 3.C onsider â€Å"Two Questions† not as an Illustrated personal essay but as an amalgam of verbal and visual craft Intended as a unified creative process. Explain how Barry achieves this Integration of word, Image, and concept. How does she go about making drawing Inseparable from Its language? Barry achieves the Integration f everything by putting them all as one. Through word and Images a story comes about. She Illustrates what she Is felling and everything that Is on her mind. She sticks with one concept throughout the whole essay, which is drawing.The two word, image, and concept Barry came out with an meaningful essay that teaches a lesson. Peer Review What I learned from this paper is that kids like to think a lot and are also very creative when it comes drawing. I like how the author says that when she was younger she would Just make a few lines and the next thing you know she was drawing and she also says that every kid understands the concept behind that, it is something that doesn't not have to be taught to them they Just know how to draw.Kids will draw Just about anything monsters and even funny looking people. Brandon does a great Job of formulating his thoughts and answering the questions that were asked for this assignment. He referred to the text explicitly to give the reader an idea of what the â€Å"Two Questions† was about. He also mentioned the author's name at appropriate times and gave his own interpretation of the text and does a great Job of answering the questions required for this assignment.

Call Center Manager

The BCG matrix method is based on the product life cycle theory that can be used to determine what priorities should be given in the product portfolio of a business unit. To ensure long-term value creation, a company should have a portfolio of products that contains both high-growth products in need of cash inputs and low-growth products that generate a lot of cash. It has 2 dimensions: market share and market growth. The basic idea behind it is that the bigger the market share a product has or the faster the product's market grows, the better it is for the company. Placing products in the BCG matrix results in 4 categories in a portfolio of a company: †¢ Cash Cow – a business unit that has a large market share in a mature, slow growing industry. Cash cows require little investment and generate cash that can be used to invest in other business units. †¢ Star – a business unit that has a large market share in a fast growing industry. Stars may generate cash, but because the market is growing rapidly they require investment to maintain their lead. If successful, a star will become a cash cow when its industry matures. Question Mark (or Problem Child) – a business unit that has a small market share in a high growth market. These business units require resources to grow market share, but whether they will succeed and become stars is unknown. †¢ Dog – a business unit that has a small market share in a mature industry. A dog may not require substantial cash, but it ties up capital that could better be deployed elsewhere. Unless a dog has some other strategic purpose, it should be liquidated if there is little prospect for it to gain market share. pic] Some limitations of the Boston Consulting Group Matrix include: †¢ High market share is not the only success factor †¢ Market growth is not the only indicator for attractiveness of a market †¢ Sometimes Dogs can earn even more cash as Cash Cows The BCG Matrix method can help understand a frequently made strategy mistake: having a one-size-fits-all-approach to strategy, such as a generic growth target (9 percent per year) or a generic return on capital of say 9. % for an entire corporation. In such a scenario: A. Cash Cows Business Units will beat their profit target easily; their management have an easy job and are often praised anyhow. Even worse, they are often allowed to reinvest substantial cash amounts in their businesses which are mature and not growing anymore. B. Dogs Business Units fight an impossible battle and, even worse, investments are made now and then in hopeless attempts to ‘turn the business around'. C. As a result (all) Question Marks and Stars Business Units get mediocre size investment funds. In this way they are unable to ever become cash cows. These inadequate invested sums of money are a waste of money. Either these SBUs should receive enough investment funds to enable them to achieve a real market dominance and become a cash cow (or star), or otherwise companies are advised to disinvest and try to get whatever possible cash out of the question marks that were not selected.

Carr assignment Essay Example | Topics and Well Written Essays - 250 words

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Remembering who You Are Essay Example | Topics and Well Written Essays - 500 words

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Individual business proposal Essay Example | Topics and Well Written Essays - 1000 words

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