Sources of Finance - 1934 Words

Sources of Finance The financing of every business is the most fundamental aspect of its management. Get the financing right and the company will have a healthy business, positive cash flows and ultimately a profitable enterprise. The financing can happen at any stage of a business s development. On commencement of your enterprise the business entity will need finance to start up and, later on, finance to expand. Finance sources may be internal or external but they may also be short, medium or long term. * Short Term Finance the Business for up to One year. * Medium Term Finance the business for up to Five years. * Long Term Finance the business for more than Five years. A. Long and Medium Term Sources of Finance 1.†¦show more content†¦* They increase their stability and raise the credit score used by banks that value the company’s risk * It is a low-risk investment which increases the chances of a company securing bank financing for future needs. Disadvantages: * If the company uses more bank loan, it will over-leverage company’s assets. 5. Mortgages It is the transfer of the property to a lender on the assumption that the borrower agrees to terms of repayment of the debt, after which time the asset will be transferred to the borrower’s ownership. A mortgage is a common form of security for a creditor. Advantages: * Interest payments on your mortgage are tax deductible. * Mortgage schedules are pre-set, making cash management more predictable. Disadvantages: * Mortgage requires you to pledge the purchased property to the lender. * Failure to make any payment on time, bankruptcy, insolvency and breaches of any obligations in the mortgage agreement will be there. 6. Leasing It is an agreement between lesser and lessee, the lessee obtains the right to use an item and assets owned by the lesser in exchange for periodic payments. The lessee’s ownership of the assets has expired at the end of given agreement period. Advantages: * It offers fixed rate financing; The Company pays at the same rate monthly. * There is less upfront cash outlay; the company does not need toShow MoreRelatedsources of finance1286 Words   |  6 Pagesï » ¿Sources of finance Some sources of finance are short term and must be paid back within a year. Other sources of finance are long term and can be paid back over many years. Internal sources of finance are funds found inside the business. For example, profits can be kept back to finance expansion. Alternatively the business can sell assets that are no longer really needed to free up cash. External sources of finance are found outside the business. For example from creditors or banks. InternalRead MoreSources of Finance1496 Words   |  6 PagesP3 Introduction For this task I will be considering the sources of finance I will need for my company. Why might a business require finance? A business may require finance because they can either: †¢ Be setting up a new business and they do not have enough money to start up. †¢ They may need new equipment to help make the business expand and make more profit. †¢ Or they may even want to replace old machinery. †¢ They may want to move there store to a better location that might benefit thereRead MoreSources of Finance1111 Words   |  5 PagesIntroduction In this essay we will be looking at different sources of finance available for different type of business. Also will be looking at the definitions of different type of sources of finance, the advantages, disadvantages and also giving reasons to why different sources of finance was chosen for the given case studies. Types of sources of finance Bank Loan – is a long term loan and will often be for large amount of money for starting up a business or to expanding. Business will agreeRead MoreSources of Finance972 Words   |  4 PagesSources of finance What are the main sources and finance for UK firms and why? All firms need some kind of financing. Access to finance may differ considerably from firm to firm depending on what type of business they are and how big/known they are; Sole Trader, Public Limited or Private Limited Company. There are both INTERNAL and EXTERNAL sources of finance. Finance can be short, medium or long term. Internal sources of Finance: 2 main types 1) Funds from the owner(s) and the familyRead MoreSources of Finance1627 Words   |  7 PagesUnit 2: Business Resources Assignment 4:P4 Sources of Finance Internal Sources of finance Owners’ savings- the owner of a business often has to use their own personal savings to start a business, particularly if they are a sole trader. This is because banks may not be willing to take a risk and invest in them. Savings are a good source of finance for a business, as interest does not need to be paid to someone else while the money is being used, and the business remains totally in theRead Moresources of finance2021 Words   |  9 Pagesï » ¿Question:   IDENTIFY THE SOURCES OF FINANCE AVAILABLE TO A BUSINESS Answer: There are a number of ways of raising finance for a business. The type of finance chosen depends on the nature of the business. Large organisations are able to use a wider variety of finance sources than are smaller ones. Finance is not just needed when starting a new business, but you may be required to seek further finance even if you’re business is well established i-e further expansion, RD, new product launchRead MoreSource of Finance3105 Words   |  13 Pages1. Identify and describe the various sources of finance 1.1 Internal source 1.2 External sources 2. Assess the implication of the difference sources of finance related to risk, legal, financial and dilution of control and bankruptcy 2.1 Issue debt 2.2 Issue equity 3. Select appropriate sources of finance and make recommendations on the best ways of raising finance TASK 2: Part 1: Assess and compare various costs involve with each source of finance to Vale filters Limited Part 2: PrepareRead MoreSources of Finance7811 Words   |  32 PagesIntroduction - Sources of Finance Introduction to the Sources of Finance resource. Sources of Finance Introduction This resource is designed for use with Accounting courses at A level. This resource is relevant to the following: * AQA Module 5, Section 14.5: Types of Business Organisation, Sources of Finance * OCR Module 2505, Sections 5.3.2 and 5.6.2 For many businesses, the issue about where to get funds from for starting up, development and expansion can be crucial for the successRead MoreSources of Finance4664 Words   |  19 PagesSection 1 – Sources of Finance There are 4 main types of business ownership: †¢ Sole trader †¢ Partnership †¢ Private limited company (Ltd) †¢ Public limited company (Plc) Each of these types of business needs to raise finance for capital investment Sole Trader This is a business that is owned by one person. Sole Traders are responsible for raising all the finance to set up and run the business. Usually a sole trader would be for a small business/ (businesses with a flatRead MoreInternal Sources Of Finance And Finance Essay2349 Words   |  10 PagesInternal sources of finance: Internal sources of finance are funds that arise from within the business such as profits as they can be retained to grow the finance and selling assets. Retained profit Retained profit is the money kept in the company after paying dividends. It is used to reinvest in the business or to pay debt. It comes by a business after it makes profit and is kept separate to use in other ways such as expanding the business by developing new buildings or certain areas, buying new

Documentary Analysis Depression Out of the Shadows Essay

Depression: Out of the Shadows Depression: Out of the Shadows (2008), is a PBS documentary addressing depression, its effects on the human psyche, and treatment options. Depression affects people differently, depending on the severity and type of depression experienced. There are several different types of depression, ranging from mild depression, which is only experienced over short periods of time, teen depression, experienced during adolescence, hidden depression, when the depression is hidden from others, postpartum depression, experienced after giving birth, and clinical depression, a continued depression lasting several weeks or more. The video also discusses the related illness called Bipolar disorder, which is characterized by†¦show more content†¦Several types of anxiety disorders are discussed in this film. General anxiety disorder is described as a constant feeling of worry and fear for at least six months. A person suffering from general anxiety may experience panic attacks, cold sweats, heavy breathing, and may withdraw from social interactions. It is regularly treated with medications and cognitive behavior therapy, which is a psychotherapy that focuses on helping patients understand the feelings they are experiencing and how those feelings may be contributing to their issue. Post-traumatic stress disorder, or PTSD, is another anxiety disorder discussed in this film. People develop PTSD after experiencing an emotional shock or major trauma. Someone with PTSD may have issues sleeping and controlling their anger; they may experience feelings of detachment, numbness, and may have flashbacks of the traumatic experience causing their PTSD. Like general anxiety disorder, PTSD patients are often treated with medication and cognitive behavior therapy. Recently a new therapy, eye movement desensitization and reprocessing therapy, has been used in PTSD patients. This therapy requires the patient to rapidly move their eyes while recalling the traumatic experience. The third type of anxiety disorder discussed in this film is obsessive compulsive disorder, or OCD. OCD is describedShow MoreRelatedRole of Design in Newspaper Design3844 Words   |  16 Pagesadvertising for their income at various degrees. By the time readers see or read a newspaper, most of them have already learned of the breaking news through television or radio. However, they rely on newspaper to provide details on information and analysis which was rarely offered by the television or radio. Newspaper does not only inform readers but also help readers to understand what led up to the event and how it will affect the world. As a common practice newspaper are normally printed on inexpensiveRead MoreIntroduction to Film Cinema and Literature12137 Words   |  49 Pagesoverwhelming dilemmas and also finds him self participating in his own downfall. The image presented by tragedy is that of a human being who is forced to endure the worst, and yet not surrendering to self-defeat, but who finally is subdued and loses out completely. Tragic characters usually possess admirable traits such as ambition, patience, fortitude, self-confidence, intelligence etc which draw audience affection to them. However, they are eventually confronted by their inadequacies. They are usuallyRead MoreThe Studio System Essay14396 Words   |  58 Pagesstudios formed a rather cut-throat oligopoly--The Motion Pictures Patents Company, or the Trust--ostensibly to standardize the technological guts of filmmaking. In actuality, their pooled, exclusive patents essentially locked others out of the market. When Warner Bros. gambled that talkies would be popular with viewers, by offering the first bit of synchronized speech in The Jazz Singer, a period of turmoil blanketed the film industry. Studios now had proof that aRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pageslong nineteenth century, which was ushered in by the industrial and political revolutions of the late 1700s. But at the same time, without serious attention to the processes and misguided policies that led to decades of agrarian and industrial depression from the late 1860s to the 1890s, as well as the social tensions and political rivalries that generated and were in turn fed by imperialist expansionism, one cannot begin to comprehend the causes and consequences of the Great War that began in

Corporate Accounting and Impairment of Assets

Question: Discuss about the Corporate Accounting and Impairment of Assets. Answer: Introduction This report is made for Longreach Ltd management to give them an idea about the implementation of impairment test of assets. The company has decided to undergo a practice of impairment testing of their assets as per the Australian Accounting Standard Board standard no 136 on 30the June 2014. As thy are new applicant of this standard, they are keen to understand the process of impairment testing of different assets along with the process of impairment testing to be done to reach the real value of assets with the present context and thus to evaluate the company valuation of tangible and intangible assets including goodwill of the company. As I was approached to guide them regarding this subject, I will highlight different aspects of impairment test of assets including the objective of impairment test of assets, the implication of goodwill in the practice of impairment of assets, and the basic steps to be followed for impairment testing of assets. This report will highlight the above is sues to make the management of Longreach Ltd understand the implication of this activity to comply with AASB 136 which is being endorsed by the Corporation Act 2001 of Australia(Aasb, 2009). Main purpose of Impairment testing of Assets Main purpose of this application is endorsed by AASB Standard 136. This is as per guideline fixed by Section 334 of Corporation Act 2001. This standard has been placed for further discussion by the critiques on 15th July 2004. This discussion is meant for highlighting the shortcomings and positivity of the application enforced through this standard. Further this standard is being enforced finally since 1st July 2007 for the corporate entities after the finalization. The enhanced version of impairment testing standard vide Standard 136 had replaced erstwhile AASB standard 116(Austlii, 2001). Main objective of AASB 136 is for implementation of standardized platform which is logical for the application of impairment valuation of assets. This standard is being implemented for the impact on financial statements of the corporate to ensure International Accounting Standard 36. To make the convergence effort with IASB, AASB had implemented several accounting standards for the globalization of their accounting standard. As financial statements of the company is projecting the financial performance, it is obligatory of the Board of Directors to implement several standards to make the stakeholders understand the actual financial position of the company. The annual financial reporting of the company is the main resource through which stakeholders can understand the actual financial position of the company. This is instrumental for different stakeholders to make future decision. Impairment testing of assets can find the true value of the assets in real time factor. The main purpose of impairment testing of assets is to reach the present value of asset by considering several factors which are instrumental for this practice. It is mandatory for the Board of Directors to make proper disclosure of impairment testing of assets with certification along with subsequent certification by auditors. This is mandatory for business identities that are practicing the preparation of financial report as per specification made in Part 2M.3 of Corporation Act of 2001 for General Purpose Financial Report or GPFR(Aasb, 2015). Goodwill and its impact on Impairment testing of assets To identify goodwill in the accounting procedure of any entity, it is mainly distinguished as intangible assets. This asset is there to derive the value of the entity not in monetary standard neither it can add value to the cash flow of the entity. The impact of goodwill in respect of impairment of assets is being discussed in AASB Standard 136 through its paragraphs with nos. 80 to 84(Aasb, 2011). Paragraph 80 of the standard 136 had emphasized on the basic fact of consideration that goodwill of any business should be treated as per the guideline which directs the allocation of cash generating units of any business entity. It is also defined that valuation of goodwill as allocated to any business organization is determinant for representation of minimum valuation within the business entity as considered by internal assessment by the management of the entity. Proper guideline to this aspect is being directed through AASB 8 which had made restriction of the value of goodwill within the value of operating segment of the entity(Aasb, 2011). Paragraph 81 of AASB Standard 136 is there to define the process of recognition of goodwill along with clarifying the treatment of goodwill as an asset which is with the nature of non-recognizable with non-identifiable so far its existence for material value is concerned. This paragraph is also emphasizing on the fact that goodwill can not dictate feature of cash flow for any asset of the business entity. On the other hand it has the ability to add value for different units which are instrumental for generation of cash of the specific business entity(Aasb, 2007). Paragraphs 82 to 84 are providing direction for the business entities to be followed for ensuring proper evaluation of impairment testing of goodwill as per decision made by the management along with specific allocation of the same(Aasb, 2015). Basic steps for application of impairment testing of assets As per Standard 136 of AASB, six probable steps are identified to apply impairment testing of assets. They are: Life of Cash Generating Units or CGU Working Capital Movement Entitys Capital Expenditure Flow Payment of tax for derivation of benefit from interest Industry Discount Rate Terminal or Perpetual value of EBIT or EBITDA along with projection of future cash flow(Ey, 2008). Conclusion The concept of impairment testing of assets is being considered to make proper evaluation of assets with derivation of present value in comparison to fair value of assets. This concept had been endorsed by different globally acclaimed accounting standards to provide better level of financial information to the stakeholders enabling them to decide judiciously. Logreach Ltd, being a new entity to start this practice in their financial practices, had asked for the suggestions for proper implementation of this standard and the above discussion will give proper guideline form them so far its application is concerned. Case Study of impairment testing of Assets Crossbow Ltd It is found in the case study of Crossbow Ltd that this business entity has opted for practicing of impairment test of their assets to arrive at the present value of their assets. This practice is being prescribed to understand the real value of the company so far its assets are concerned in the changed scenario of business decrement. It is being observed that the company is facing business loss due to change of customers fascination towards online platform rather that going to the Crossbow outlets for purchase of goods. It is also observed that the decrement of business is also affected due to stiff global competition. In this scenario the company had opted for impairment testing of assets which had found impairment loss of $ 260,000 as the fair value of assets, booked in the accounts was $1,680,000 had been impaired to $1,420,000 which was resulted as such loss as per the experts deployed by the company and with the proper application of AASB standard 136. This result is not specif ic asset-wise; instead the same had been arrived at by generalized practice as prescribed in AASB standard 136. The respective journal entry related to booking of this impairment loss is furnished below: Journal Entries- Impairment loss of CrossBow Ltd as per as on 30.06.2015 Date Particulars amount amount 30.06.2015 Impairment loss of assets A/c debit $260,000 Accumulated Impairment Loss A/c Credit $260,000 Evaluation done as per impairment testing of Crossbow Ltd as on 30.06.2015 It is also observed that while the company had sold land, the same had incurred loss of $29,000 which had been arrived at by considering the fair value of land as $ 200,000 though the consolidated financial statement of the company as on 30.06.2015 and the recovered amount from sales proceeds of $ 171,000 of the land which had incurred loss of $ 29,000. This is to be booked in the books of accounts of Crossbow Ltd as below: Journal Entries loss from sale of land - CrossBow Ltd as on 30.06.2015 30.06.2015 Accumulated Impairment Loss A/c Debit $29,000 Land A/c Credit $29,000 Being the loss on land booked through sale With the above journal, the generalized Accumulated Impairment Loss A/c is being reduced by $ 29,000 through the actual sale of land with subsequent loss incurred by the company. References: Aasb, 2007. Impairment of Assets. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB136_07-04_COMPapr07_07-07.pdf [Accessed 18 January 2017]. Aasb, 2009. Impairment of Assets. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB136_07-04_COMPjun09_01-10.pdf [Accessed 10 January 2017]. Aasb, 2011. Fair Value Measurement. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB13_09-11.pdf [Accessed 18 January 2017]. Aasb, 2011. Investments in Associates and Joint Ventures. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB128_08-11.pdf [Accessed 18 January 2017]. Aasb, 2015. Presentation of Financial Statements. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB101_07-15.pdf [Accessed 18 January 2017]. Aasb, 2015. Presentation of Financial Statements. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB101_07-15.pdf [Accessed 18 January 2017]. Austlii, 2001. CORPORATIONS ACT 2001 - SECT 334. [Online] Available at: https://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s334.html [Accessed 18 January 2017]. Ey, 2008. Impairment accounting the basics of IAS 36 Impairment of Assets. [Online] Available at: https://www.ey.com/Publication/vwLUAssets/Impairment_accounting_the_basics_of_IAS_36_Impairment_of_Assets/$FILE/Impairment_accounting_IAS_36.pdf [Accessed 18 January 2017].

Taking Responsibility Essays - School Shooting, Internet

Taking Responsibility Taking Responsibility 1999 must be a great year to be alive if you are a criminal! Nobody takes responsibility for his or her own actions anymore. Someone commits a heinous crime, and anything but the criminal gets blamed. It was a harsh childhood, abusive parents, violent movies and video games, the availability of guns and bomb making materials, the Internet, pornography, peer pressure, etc. In my mind, if you commit a crime, then you are a criminal. I am the only one that makes the decisions I make in life. Others may influence my decisions, but ultimately, I am the one that makes that final choice. No matter how hard and pathetic you think your life is, or how badly society treats you, or what you watch on TV, or what you can buy from the store or read on the Internet, you made the decision to break the law-nobody made the decision for you. Oliver Stone didn't tell you to watch Natural Born Killers and then go mimic the crimes. The NRA did not make you illegally purchase guns. The Internet did not force you to download recipes for bombs. The massacre at Columbine High School was a tragedy. Instead of looking at these kids that committed the crime and putting blame where it belongs, everyone was more than willing to point a quick finger of blame so they could feel better somehow. Unfortunately, some have used this tragedy as nothing more than an event to be exploited for their own political gains. People that are afraid of the Internet were quick to point out that Nazi and hate propaganda and bomb-making recipes are easily accessed on the Internet, and that "alternative" ideas seem to flourish on the Internet. Immediately everyone wants to censor the hell out of the Internet and keep their kids away from it. They fail to mention the business and education values of the Internet, and dwell on the negative. Antigun people quickly "forget" about the 60+ bombs that were found and focused merely on the fact that firearms were used by these psychos. They immediately want more gun laws and bans (but fail to mention that dozens of existing gun laws were broken by these boys as it is, and that the laws now being proposed in the aftermath would not have prevented this sort of thing). Others quickly point out that these kids played violent arcade games and watched violent movies--ban these things as well. People that don't like or understand new music blame Marilyn Manson and other alternative and/or metal bands. Am I the only one that is saying, "These kids were psychos that should have been stopped before it got this far?" These kids already had criminal records. They wore Nazi paraphernalia to school, they threatened other kids. They had Web pages detailing their bombs and various hate messages. They managed to amass bomb-making materials right in their homes. They got older friends to buy guns for them, et cetera. Did nobody notice this? Where were the parents when these kids were building BOMBS right in the garage? Am I the only one saying, "I use the Internet. I watch violent movies. I play video games. I've listened to heavy metal music. I have been ridiculed by classmates, but I've never even thought about killing anybody!" I have seen Natural Born Killers. I have played Doom. I've listened to black metal. I own several swords used in martial arts practice. I use the Internet everyday. As far as the finger-pointing crowd goes, I must seem like the most dangerous person in America. And yet I haven't committed a school massacre. I have never wanted to, nor will I ever. And yet all these things are somehow to blame for these kids going nuts and attacking their fellow classmates at school. Can we stop the finger-pointing for just a second to realize these two kids, and these two kids alone (unless it is proven there were other conspirators involved), made the decision to go into that school and set off bombs and shoot at minorities and jocks? I take full responsibility for my actions, and I navely expect others to do the same. Maybe I should just point fingers and blame others for bad stuff that happens to me. Sorry, but I take too much pride in working for what I want out of life instead of sitting back and blaming others for what I don't have. And in the same respect, if I screw up, I admit that I screwed up. Nobody's fault but my

Our Education System Needs to Be Improved essays

Our Education System Needs to Be Improved essays Our Education System Needs To Be Improved Education plays an important role in our society, which is the key of success for our future. This is why everybody has the obligation to go to school. Therefore, education system shall be considerate seriously. In What Our Education System Needs is More Fs, Carl Singleton suggests that our education system need to be improved by failing students. He states that teachers have tendency to pass unfaithfully students for more than 20 years, which means that teachers pass students who dont deserve to pass. The reason is that teachers dont want to feel guilty by failing them, so they quite change their grading standard. Another reason to increase the number of grade F is to eliminate illiterate graduate students from high school. Therefore, students who deserve to go to college will be able to read and write well. He also mentioned that the grade F would pull the parents attention to their childrens education, and makes the school boards and principals aware of the degradation of the education system. Finally, Singleton proposes that all teachers should respect the standard grading line in order to keep the education system in a good shape. Singletons arguments imply that the education system is getting worse from days to days because there are more and more graduates with lower quality knowledge. He also conveys that teachers easily pass students because teachers want to have a lower rate of failed students in their class, and proving that their teaching methods are efficient. Without Fs nobody would knows that the systems is in troubles. Moreover, school board and principal would ignore the issue, which help to save money and avoid futures difficulties management such as overload classes with those who have to repeat the class. Singleton insights that school doesnt want to take their responsibilities to fail students because th...

10 Activities That Will Make Your Trip to Germany Special

10 Activities That Will Make Your Trip to Germany Special Top 10 Things to See and Do in Germany Travelers are often attracted by different exotic options and unexplored routes that promise new emotions and unforgettable impressions. It is quite understandable, since tourism has become very developed sphere and a life passion for many people. Though along with the original and extraordinary trip opportunities, Europe remains the unfailing focal point of sight-seeing. Its priceless architecture, cultural and art heritage and original atmosphere represent the endless source for touristic inspiration and attraction. If you made your decision in favor of the sophisticated European sights, in particular Germany, we will advise you ten things and places that you shouldn’t miss in this country. Visit the Semperoper Opera in Dresden Even if you are not very fond of opera and ballet, this opera is really worth seeing. It fascinates by magnificent architecture and luxurious interiors. Being built in 1841, it represents the historical, architectural and cultural masterpiece, which dazzles and astonishes its visitors with beauty. The Semperoper Opera offers numerous operas and ballet performances and you for sure will find something to your taste. Besides the very first opera, which was performed here is the opera written by German composer Carl Maria von Weber. Take a tour or buy a ticket to one of the performances and view this outstanding and pompous sight with your own eyes. Spend Spring in Bonn Spring is the special part of the year, which brings inspiration; desire to live, to create and to make something original in this world. Moreover, we are sure that if you meet spring in unique and remarkable places, it will endow you with a lot more impressions, encouragement and delight. Undoubtedly, Bohn is one of such places. Its Heerstrasse or Cherry Blossom Avenue is adored by all tourists in spring due to its pink splendid blossoms. In the Internet you can find thousands of photos of the Cherry Blossom Avenue but they can be hardly compared with viewing it in person. So if you have free April, head for Bohn, enjoy beauty of blossom, walk through the city center and visit famous Beethoven’s House, everything is nearby. Calm Nerves in the Tropical Islands Resort This place helps to change every day routine and take you away from all troubles. Here you forget about rush and schedule and enjoy dozens of entertaining activities for the whole family. The park is opened 24 hours a day and offers sandy beaches, waterfalls, rainforests, waterslides, the Shopping Boulevard and acrobatic performances. Here you become the combination of different activities and a great opportunity of entertainment this spring. Try Ski Jumping in Steinach This offer seems pretty risky and unsafe from the first side. However, no one is born with the ability and knowledge in a certain sphere. A lot of people search for new sources of emotions and adrenaline burst and ski jumping is the right thing. Rennsteig Outdoor Center in Steinach provides numerous courses and decent level of safety. Thus, we advise you to consider the possibility of having 150-meter ski jump this spring. Take Wine Tasting Tour in Cochem Cochem is famous by its vineyards and picturesque landscapes and if you like nature and wine, trip to this town will be a great choice. Go on foot or rent a bicycle and set out on a journey. Besides except wine tasting there are a lot of other things to do. The architecture in Cochem is remarkable and attractive; in particular Cochem’s Imperial Castle is one of its greatest masterpieces. The town is not big but there are a lot of things to see and to do, so this touristic destination is an excellent choice for a weekend trip. Hike in Saxon Switzerland Both professionals and amateurs will find great opportunity for hiking in the beautiful area along the Elbe River. There are about 1000 peaks, which attracts hikers with the awesome views. Especially, we should mention a famous and fascinating rock formation – Bastei. Wooden bridge, which connects several rocks, uncovers unforgettable and stunning views. Combine extreme experience with the fascination of the nature beauty in Saxon Switzerland and enjoy every moment of this. Go to Lichtenstein Castle Feeling attraction to medieval period of time, one should not miss an opportunity to visit the Lichtenstein Castle. It is situated on the cliff in Swabian Alps and is a beloved attraction for tourists. It is significant that by going to the castle you explore the history and admire the nature. The interior of the castle represents armory, paintings, medieval furniture, you have everything to deep into the life of those times. Attend Cultural Events in Heidelberg Heidelberg is a popular tourist destination. The city offers for its visitors a lot of architectural attractions: Medieval and Baroque buildings, ruins of the famous Renaissance castle, the oldest university in Germany. However, architecture is not the only reason of influx of tourists. There are a lot of cultural events held in the city. They are various music, theater and art festivals and numerous entertaining and cultural events. Visit Bavarian Alps Are you looking for fresh mountain air and interesting activities that can distract you from academic or business activities? There is such place in southern Bavaria, where the Alps are situated. Here you can find a lot of outdoor activities: skiing and snowboarding in winter, cycling, hiking and camping in summer. Also there are a lot of different events, festivals and spa resorts. There is a wide choice for any preferences. Visit Munich Munich is the capital of Bavaria and is often called one of the most beautiful cities in Germany. It attracts visitors by its geographic location, since it is situated in the backdrop of the Alps. Munich has a remarkable architecture, outstanding museums and a lot of other interesting sites. In October Munich becomes the center of all beer lovers due to its annual beer festival. Munich is more than just a city, it is the spirit, and it is the atmosphere, which should be witnessed at least once in the life. As you see, there is a lot of exiting things to do in Germany this spring and all the year round. Do not miss your chance and indulge yourself with the unforgettable trips!

Women and their Rights to Sexual and Reproductive Health Essay

Women and their Rights to Sexual and Reproductive Health - Essay Example This system of patriarchy is supported and intensified by our society through the continuous reinforcement of the male domination via different institutions such as religion, government, economy, family, and often than not, the institution of education as well. Likewise, one among the roles being played by these social institutions is the shaping of gender roles between men and women. It is the case that how people are supposed to behave and how they act are something that is already influenced and anticipated by the society. On the one hand, the unjust power dynamics between men and women has affected greatly women in our society in general. It is not just the old, middle – aged, young, or even those females who are not born yet who are affected but generally, all women are troubled. This is for the reason that women are clearly situated at a disadvantageous point because of the unfair and unequal power relations between men and women. Women are considered as second class cit izens who are powerless and need to depend on men. Women lack the power to control their lives and even to rule over their own body since the normative standard expects men to dominate over women. Because of the fact that women cannot even have power over their own bodies, they are not given priority and are usually ignored to have the rights to the sexual and reproductive health. In this regard, this argumentative paper will dwell on the position that women, who lack the control over their bodies, must have the rights to their sexual and reproductive health. I am saying this not just on behalf of those women who are infected by sexual infections and diseases, but I am stating this on behalf of all the women. Not all women may have the full awareness that they are limited because of gender but just accept what the society dictates them. However, sexual and reproductive health is one of the many things that women do not have. Thus, they should have these rights as women. Human immuno deficiency virus (HIV) and acquired immune deficiency syndrome (AIDS), as stated by Amzat and Abdullahi (2008), has turned out to be a challenging global health concern for having around 40 million infected people in Africa. Indeed, this health issue is indeed a global concern but the condition of Africa is something that is really shocking. It is the case that seven (7) out of ten (10) infected with the disease are residing at this region. What contributes to this bulk number of infected people is not just the lack of awareness of having protected sex and the lack of safe sex practice however, according to the United Nations Development Programme – Pacific Centre’s (UNDPPC) (2009) report, there is a close connection between the spread of HIV as well as the distinct and unfair experiences of women and men and together with the unjust power relations between them that leads to the gender – based discrimination of different sorts suffered by women. Moreover, the r esult of the new report has been consistent to the United Nations’ old report in 1996. Both have asserted that gender is still suggested to be considered as a concern in order to address, stop and invert the increase of HIV as well as the other sexually transmitted diseases (STDs). The case of the spread of HIV in the Pacific is marked by risky sexual behaviors of men who have happened to hold more social power and have more freedom in having sexual activities as compared to women (UNDPPC, 2009). Meanwhile, the society has constructed its ideas on masculinity whose common features link to their likelihood of acquiring this sexual infection. Men’s physical and sexual prowess together with their authority in the society has altered the

New Ideas in Lighting Get Closer to Market Research Paper

New Ideas in Lighting Get Closer to Market - Research Paper Example The scope of saving energy and the techniques required may vary from place to place but it is regarded switching to more eco-friendly and energy efficient source as it helps in reducing the CO2 emissions by a significant number (CARDWELL, 2014). Adapting to energy efficient sources usually costs more money up-front but in many cases the capital outlay will be paid back in the form of reduced energy costs within a short period of time. This makes switching to energy efficient sources more attractive and budget friendly. In order to conserve and save energy in terms of light bulbs, green lights are the most efficient option available today to save more energy. Incandascent bulbs have been the mainstream bulbs we have known. Incandescent use more electricity during the process of production of heat hence they are short-lived and need constant replacement. Usually homeowners would argue that energy saver lights such as the LED and other energy saver bulbs or energy saver light bulbs are less expensive than ever before and provide superior light quality, and quickly payback in the form of saving energy and reducing replacement costs. LED lights are more affordable and flexible now. These incredibly efficient and technologically advanced lights will be the lights used in future. There are other lights bulbs which are also energy efficient, such as the CFL (compact florescent lights), which have come a long way and can be fitted into the same socket as the incandescent bulbs (smartandgreen.eu, 2014). This is the most common type of lighting in homes, owing to the fact that it is affordable and comes in a vast range of sizes, shapes, and wattages. The drawback of these bulbs, however, is that they are inefficient. They produce light by heating a solid material until that material produces a glow. In the process, much energy is consumed as a result of the heat that is produced. As a

The Great Gatsby and a good man is hard to find Essay Example for Free

The Great Gatsby and a good man is hard to find Essay There are so many ways and means that man evolve himself into: his pursuits of his dreams, his conduct of his life as he sees it fit; his definition and interpretation of the other lives that revolve around his own life. The parallelism and yet paradoxically the extreme difference in the central characters of â€Å"The Great Gatsby† and â€Å"A Good Man is Hard to Find† – illustrate the variances and also the similarities in the lives of two different men. It is therefore necessary for man to be properly guided by his perspective in life to enable him gain his rightful place in society and in this life. The Great Gatsby: Stocks and bond became an intriguing business in the 20’s and thus it lured a curious, young, business neophyte – Nick Carraway. From his hometown in Minnesota, he moved to New York to pursue the burgeoning promise of wealth. Nick lived in a house he rents in Long Island New York in the area of the wealthy in West Egg district. He soon learned that his neighbors are all socially well connected and established with newfound wealth that makes them all aggressive, dreamy, gregarious and showy. One such neighbor is Jay Gatsby. In Gatsby’s magnificent mansion, fabulous parties and guests happen every time. And what unfolds to Nick are circumstances that mixes all the decadence there could be. Nick is distinctive from his West Egg neighbors because he is a Yale graduate and has nevertheless established connections with the high society of the East Egg district of Long Island. Nick has a cousin that lives in East Egg, Daisy Buchanan. Daisy is married to Tom, who was Nick’s former classmate in Yale University. During one visit of Nick to his cousin, Daisy and Tom introduced Nick to a beautiful young girl, Jordan Baker. Nick and Jordan become besotted, fell in love and carried a romantic affair. It was Jordan who confessed to Nick about the true state of the marriage of his cousin Daisy and Tom. It is because Tom is carrying an extra marital affair with a certain Myrtle Wilson. Myrtle lives in a not so impressive neighborhood in a dumping ground of industrial refuses that is located between New York City and West Egg District of Long Island, called the Valley of the Ashes. Indeed it has come to pass that Tom was audacious to invite Nick to join him and Myrtle to parties. The summer that came along, Nick got an invitation from Jay Gatsby for one of his famous parties. Nick attends and finds Jordan Baker already there. It was Jordan who formally introduced Nick Carraway to Jay Gatsby. Nick was impressed by Jay a someone who is extremely gregarious, pretentious, good looking, and has a very winsome smile. It was Jordan who told Nick that Jay Gatsby and Daisy Buchanan were friends way back their days in Louisville. Jay has been in love with Daisy from day one and still carries the torch to the present time. The reason why Jay pursued his dream, his social status, his wealth were all because of Daisy whom Jay wants to impress and win her love. Therefore, inviting Nick and meeting him was for purposes of Nick arranging for Jay to meet Daisy once again. It is because Jay learned from Jordan also that Nick is the cousin of Daisy. So, Nick found a way for Jay and Daisy to meet and talk. Daisy eventually got enamoured by Jay and thus the two has an affair. To which, Tom slowly became suspicious. Inspite of Tom’s infidelity, he still feels outraged that his wife has the gall to cheat on him. Tom confronts Jay and told him that he can never truly win Daisy’s heart because what they shared is something that Jay cannot out shine. Tom also confronts Daisy and told her that she is being blinded by Jay’s status, wealth and power because she does not know and will never know that what Jay Gatsby has are all from illegal businesses. Daisy eventually realizes that she loves Tom and feels she has to sustain her loyalty to her husband. A tragedy that transpired twisted all of their fate. Myrtle Wilson, the mistress of Tom was ran over by a car and died. The car is Jay Gatsby’s car and it was driven by Daisy. Gatsby could not take to heart that Daisy will be made responsible for Myrtle’s death. Gatsby decided that he will take the blame and claim that he was the one driving. Thus, it was such that Tom told George Wilson, the husband of Myrtle – that Gatsby was the one driving the car that killed Myrtle. George therefore suspected that Gatsby and Myrtle must be having an affair. George confronts Gatsby and shoots him to his death. Then George consequently shoots himself. Nick was the one who arranged for the final services for Jay Gatsby and buries him. Nick breaks off with Jordan and completely decided to leave behind the New York City life that he thought would make him pursue his dreams of wealth, prestige and power. It is because he found himself immersed in mind boggling misery of intrigue of decadent morals, greed and values. Nick concluded that there is really no such thing that can be emulated from Jay Gatsby as the epitome of an American dream fulfilled. A Good Man is Hard to Find: The family of Bailey is due for a holiday vacation and they planned to go to Florida. However, Bailey’s grandmother prefers to go to Tennessee. To win the debate, Grandmother pointed out to her son and his family that there is an escaped convict who has murdered to so many people and is on the loose. He is called The Misfit. The family was taken to the story of the Grandmother and they decided on Tennessee. On the road for their trip, the family did not know that Grandmother sneaked out her cat in a basket. She was seated at the back of the car, together with her grandson John West and her granddaughter June Star. Bailey and his wife were seated in front with their baby. Along the way, Grandmother remember at a certain section came to her recollection as the plantation that she used to live. She insisted to her son Bailey that they should stop for a while so she could visit. Grandmother enticed the family to abide by her wishes by telling her grandchildren that the house is mysterious for it has a secret panel that leads to somewhere yet to be discovered. The children got fussy and intrigued by the story and insisted that their father follows the wish of their Grandmother to visit that house in that plantation. The road was graveled and bumpy. As they all struggled thru the uncomfortable ride, Grandmother shifts her leg and it irritated the cat. The cat escaped from the basket and crawled at Bailey’s back. This caused the accident and the car turned over. However, no one is hurt. A car is seen to be soon driving by and they all waved for help. The car stops and three men approached the family of Bailey. The three men were carrying guns. And Grandmother recognizes one of man as The Misfit himself. The Misfit told the family that they have put themselves in trouble since they recognized him. The two other male companions were told to haul the entire family in the thick woods ahead of the road and kill them. Grandmother started begging The Misfit in all sorts of manner elucidating on the Christian principle that all men are good and that The Misfit does not actually have to be mean and bad. Grandmother was trying her best to convince The Misfit that he could even be her own son but nevertheless is loved by his own parents and family and God and he should be inspired by that. Grandmother assured The Misfit that he could find happiness in prayers. To it all, The Misfit nevertheless shot and killed Grandmother. The Theme: The Great Gatsby expounded on the realities of what it takes to reach ambition and goals in life. With the scenario of a prosperous decade of the 20’s the abundance of opportunities lured the Americans to pursue the heights of anything – no matter at what cost and what it takes. As Nick said in Chapter IX: â€Å"I see now that this has been a story of the West, after all—Tom and Gatsby, Daisy and Jordan and I, were all Westerners, and perhaps we possessed some deficiency in common which made us subtly unadaptable to Eastern life. † â€Å"A Good Man is Hard to Find ventures on the ethical values and faith to be generally in every human being. The conviction of the Grandmother that she could spare her family from the ire of The Misfit is based on such principle. She pleadingly tried to convince The Misfit when she said: â€Å"Listen, you shouldn’t call yourself The Misfit because I know you’re a good man at heart. I can just look at you and tell†. The Symbol: The Valley of the Ashes is the metaphorical representation in The Great Gatsby between being a success or a failure in one’s pursuit of your dreams. It is because that stretch of dumping ground separates the old rich constituents of East Egg and the place of struggle of their dreams which is New York City The cat buried deep in the basket that which eventually escaped symbolized the means that life can unfold to bring one’s fate to an undefineable track. Grandmother, with all her imaginary, fictionalized stories to earn all her whims was finally struck by the unforeseen way that the cat could bring her to her end, inspite of all the righteousness she beholds. She just has to have her way. As her granddaughter June Star said: â€Å"She wouldn’t stay at home to be queen for a day. † Works Cited O’Connor, Flannery. â€Å"A Good Man is Hard to Find†. 1993 Rutgers University Press Fitzgerald, F. Scott â€Å"The Great Gatsby†. Hayes Barton Press

Capital Punishment is Not the Answer Essay -- social issues

Capital Punishment is Not the Answer Capital punishment is a difficult issue and there are as many different opinions as many people. Public support for the death penalty has decreased only a little in the last years. Meanwhile, many countries have outlawed the practice - capital punishment doesn't exist in the European Union countries - and strict laws about who may be executed are becoming more common. Despite of all this capital punishment is racially, socially and economically biased and allows the possibility of the execution of innocent persons, too. Furthermore, there is no benefit to society that would make it necessary to continue it. For these reasons, the death penalty doesn't support what the ideal criminal justice system tries to achieve and therefore must be abolished. Capital punishment cannot be a collective act of revenge. It must never be allowed to become a release for collective anger. Bud Welch lost his twenty-three year old daughter, Julie, in the Oklahoma bombing in 1995. "I'm opposed to the death penalty. It's vengeance that doesn't do my heart any good..."-said Mr. Welch. Capital punishment is no answer to the major challenges we face as a society. Moreover, it has not proven to be a deterrent to violent crime, and it has mainly occurred to the poor, and more to minority poor. This is not surprising, since a well-paid, high-powered defense team can make all the difference. In the United States there lives a conception of justice: a figure of a blindfolded woman holding scales in one hand and a sword in the other. The scales symbolize the careful investigation of evidence, the sword represents the speed with which justice is dealt with, and the blindfold symbolizes the unprejudiced reach of decision. This has the message that the poor, uneducated defendant has the same opportunity for a quality defense, and has the same chance for justice as the wealthy one. Yet, this could be questioned. Wealthy defendants are able to pay for false witnesses and expensive tests that are not available to poor defendants. The ill-paid Counsel of Defense may not really pay attention at the trial missing important evidence, so they result in their client being sentenced to death. Capital punishment is biased not only this way but also racially. The color of the skin of the accused and victim alike decides whether the death penalty wi... ...n for no reason must also be handled equivalently. There is a problem with a society that allows such a corrupt institution. In the year of 2000, 3058 people were sentenced to death in 65 countries from which 88% took place in China, Iran, Saudi Arabia and in the USA. These numbers are terrifying! No longer should it be believed that executing a person is the only way to ensure that they do not get released from prison and kill again. It would be more necessary to increase the prison sentences of murderers. Imprisonment without the possibility of parole could be the sentence of those who would be sentenced to death under the current system. Such a move would help to calm down the fears of recidivism and would send a strong message to lawbreakers. The abolition of the death penalty would mean the end of executions and that the government wouldn't put any more prisoners to death. It should be recognized that murder is wrong in and of itself. Beyond that, it is wrong even as a secret plan within the heart. It is as old a human problem as Abel's death by his own brother, Cain. We should really keep ourselves away from the spiral of violence because violence begets violence. Capital Punishment is Not the Answer Essay -- social issues Capital Punishment is Not the Answer Capital punishment is a difficult issue and there are as many different opinions as many people. Public support for the death penalty has decreased only a little in the last years. Meanwhile, many countries have outlawed the practice - capital punishment doesn't exist in the European Union countries - and strict laws about who may be executed are becoming more common. Despite of all this capital punishment is racially, socially and economically biased and allows the possibility of the execution of innocent persons, too. Furthermore, there is no benefit to society that would make it necessary to continue it. For these reasons, the death penalty doesn't support what the ideal criminal justice system tries to achieve and therefore must be abolished. Capital punishment cannot be a collective act of revenge. It must never be allowed to become a release for collective anger. Bud Welch lost his twenty-three year old daughter, Julie, in the Oklahoma bombing in 1995. "I'm opposed to the death penalty. It's vengeance that doesn't do my heart any good..."-said Mr. Welch. Capital punishment is no answer to the major challenges we face as a society. Moreover, it has not proven to be a deterrent to violent crime, and it has mainly occurred to the poor, and more to minority poor. This is not surprising, since a well-paid, high-powered defense team can make all the difference. In the United States there lives a conception of justice: a figure of a blindfolded woman holding scales in one hand and a sword in the other. The scales symbolize the careful investigation of evidence, the sword represents the speed with which justice is dealt with, and the blindfold symbolizes the unprejudiced reach of decision. This has the message that the poor, uneducated defendant has the same opportunity for a quality defense, and has the same chance for justice as the wealthy one. Yet, this could be questioned. Wealthy defendants are able to pay for false witnesses and expensive tests that are not available to poor defendants. The ill-paid Counsel of Defense may not really pay attention at the trial missing important evidence, so they result in their client being sentenced to death. Capital punishment is biased not only this way but also racially. The color of the skin of the accused and victim alike decides whether the death penalty wi... ...n for no reason must also be handled equivalently. There is a problem with a society that allows such a corrupt institution. In the year of 2000, 3058 people were sentenced to death in 65 countries from which 88% took place in China, Iran, Saudi Arabia and in the USA. These numbers are terrifying! No longer should it be believed that executing a person is the only way to ensure that they do not get released from prison and kill again. It would be more necessary to increase the prison sentences of murderers. Imprisonment without the possibility of parole could be the sentence of those who would be sentenced to death under the current system. Such a move would help to calm down the fears of recidivism and would send a strong message to lawbreakers. The abolition of the death penalty would mean the end of executions and that the government wouldn't put any more prisoners to death. It should be recognized that murder is wrong in and of itself. Beyond that, it is wrong even as a secret plan within the heart. It is as old a human problem as Abel's death by his own brother, Cain. We should really keep ourselves away from the spiral of violence because violence begets violence.

The Things They Carried by Tim O’Brien

Civil War General Sherman once said, â€Å"War is hell. † He was right. In the short story â€Å"The Things They Carried,† Tim O’Brien shows us the hell that our soldiers suffered. The narrator shows us a captivating, and up-close story about our soldiers in the Vietnam War. While the title relates to the story about things carried, but the soldiers carry more than just the physical burdens-in many cases, they are weighed down by emotional baggage. The emotional baggage that lies heavy in their hearts outweighs the physical weight. In addition to the items that they must carry, they also carry personal mementos. To show how much the soldiers are carrying the narrator tells us â€Å"things carried were largely determined by necessity. † Some of the necessities included, â€Å"P-38 can opener, pocket knives†¦candy, cigarettes†¦C rations and two or three canteen of water. Together, these items weighed between fifteen and twenty pounds†¦Ã¢â‚¬  The narrator goes on to give us even more detail about the things the soldiers carried; â€Å"†¦. carried the standard M-16 gas-operated assault rifle. The weapon weighed 7. 5 pounds unloaded, 8. 2 pounds with its full twenty-round magazine†¦. grenade launcher, 5. pounds unloaded†¦Ã¢â‚¬  By telling us exactly what the men carried and how much it weighed, it gives us an insight on the physical burdens that the men had to carry. The narrator tells us that the intangible items that these men carried proved heavier than any backpack and gun. The main character in the story is Lieutenant Cross, platoon leader. He is in l ove with a young girl in the United States. She is always on his mind and because he allows his thoughts to take him away and be with her. Because of this, he blames himself for the death of another platoon member even though there was nothing he could have done to protect him. Lieutenant Cross felt the pain. He blamed himself. † â€Å"He pictured Martha’s smooth young face, thinking he loved her more than anything, more than his men, and now Ted Lavender was dead because he love her so much and could not stop thinking about her. † I think here he is being a little unreasonable. His love for her didn’t kill Lavender. He didn’t feel only the burden of being responsible for Lavender’s death, â€Å"it was the burden of being alive. † They all carried great emotional weight. â€Å"They carried all the emotional baggage of the men who might die. Grief, terror, love, longing-these were the intangibles, but the intangibles had their own mass and specific gravity, they had tangible weight. † With all the physical and emotional things they carried, they also carried things that were close to their hearts. They carried mementos and other small weapons. â€Å"Mitchell Sanders carried brass knuckles. Kiowa carried his grandfathers feathered hatchet†¦. Kiowa always took along his New Testament†¦Lee Strunk carried his slingshot; ammo, he claimed, would never be a problem. † We’re told that Lieutenant Cross carried letters from Martha in his rucksack, and pictures of her in his wallet and a pebble. †¦Lieutenant Cross received a good-luck charm from Martha. It was a simple pebble, an ounce at most. † These things, although that was something else they carried, I feel like that, these items are things that made them feel like there was a world outside the war. They carried a silent awe of the power of the weapons, which kept them alive by killing the enemy. They carried infection, the weak or wounded, the thumbs of slain Viet Cong, guilt, and the soil of Vietnam itself. Perhaps the only certainty of a rather ambiguous war was that there would never be a shortage of things to carry.

Debt Policy and Value

EMBA 8500 #1 Book value of debt Book value of equity Market value of debt Market value of equity Pretax cost of debt After Tax cost of debt rd Market value weights of: Wd Debt We Equity bL Levered beta Rf Risk-free Rate Market Premium RM Ke Cost of equity WACC EBIT – Taxes (34%) EBIAT + Depreciation – Capital expense Change in Net Working Capital Free Cash Flow Value of Assets ( FCF/WACC) CASE # 31 0% Debt 100% Equity $ $ 20,000 $ $ 20,000 7. 0% 4. 62% $ 34% $ $ $ $ $ $ 0 1 0. 8 7% 8. 6% 13. 88% 13. 88% 4,206. 00 1,430. 04 2,775. 96 1,000. 00 (1,000. 00) 0 2,775. 96 19,999. 1 25% Debt 75% Equity $ 5,000 $ 15,000 $ 5,000 $ 16,700 7. 0% 4. 62% 12/2/2012 50% Debt 1) As the firm becomes more leveraged the WACC will change because debtholders have a 50% Equity fixed claim on cash which increases the risk for stockholders. This can cause the stock to go up $ 10,000 and firms can reduce the taxes paid, thereby freeing up more cash. Debt also increases the risk $ 10,000 of bank ruptcy. $ 10,000 $ 13,400 (Debt * Tax Rate) + BV Equity 7. 0% 4. 62% (Pretax * (1-Tax Rate)) 23. 0% 42. 7% 77. 0% 57. 3% 0. 96 1. 19 7% 7% 8. 6% 8. 6% 15. 24% 17. 27% 12. 79% 11. 6% $ 4,206. 00 $ 4,206. 00 $ 1,430. 04 $ 1,430. 04 $ 2,775. 96 $ 2,775. 96 $ 1,000. 00 $ 1,000. 00 $ (1,000. 00) $ (1,000. 00) 0 0 $ 2,775. 96 $ 2,775. 96 $ 21,699. 69 $ 23,399. 66 Added Tax Shield increase value VL = VU + TD MV Debt / (MV Debt + MV Equity) MV Equity / (MV Debt + MV Equity) 0. 8 is the b u b L = b u [1+(1-T) * D/E HAMADA D/E Ratio 29. 94% 74. 63% Ke = Rf + (b L * RM) CAPM WACC = (Wd * rd) + (We * re) EBIT * Tax Rate EBIT – Tax amount V = FCF/WACC M3DISK – Maryann Albert, Mike Arendosh, Mark Jarboe, Dan Pool, Ivo Hegelbach, Sean McPherson, Krista Massell 1

Biography of Lizzie Borden, Accused Murderer

Biography of Lizzie Borden, Accused Murderer Lizzie Borden (July 19, 1860–June 1, 1927), also known as  Lizbeth Borden or Lizzie Andrew Borden, is famous- or infamous- for allegedly murdering her father and stepmother in 1892. She was acquitted, but the murders are memorialized in a childrens rhyme: Lizzie Borden took an axeAnd gave her mother forty whacksAnd when she saw what she had doneShe gave her father forty-one. Fast Facts: Lizzie Borden Known For: Accused of killing her father and stepmother with an ax  Born: July 19, 1860 in Fall River, MassachusettsParents: Andrew Jackson Borden, Sarah Anthony, Abby Durfee Gray (stepmother)Died: June 1, 1927 in Fall River, MassachusettsEducation: Morgan Street School, high schoolNotable Quote: Maggie, come quick! Fathers dead. Somebody came in and killed him. Early Life Lizzie Borden was born on July 19, 1860, in Fall River, Massachusetts, the third of three children born to Andrew Jackson Borden (1822–1892) and Sarah Anthony Morse Borden (1823–1863). The eldest was Emma Lenora Borden (1851–1927). A middle child, a daughter, died in infancy. In 1865, Andrew Borden remarried to Abby Durfree Gray (1828–1892), and the couple and their daughters lived mostly quietly and uneventfully until 1892. Lizzie attended the Morgan Street School, which was not far from her home, and the local high school. After graduating, she was active at church by way of teaching Sunday school and serving as secretary of the local Christian Endeavor Society. She was also a member of the Womans Christian Temperance Union and dabbled in the Ladies Fruit and Flower mission. In 1890, Lizzie briefly traveled abroad with some friends. Family Conflict Andrew Borden started out his business career as an undertaker but bought rental properties and went into banking and textile mills as well. At the time of his death, he was a bank president and a director of several textile mills, and estimates said he was worth about $300,000 (about $8.5 million in 2019), not counting his real estate. He was, however, known for being miserly with his money. In contrast to the fathers wealth, the house they lived in was small and shabby, not in the part of town where the rest of Fall River elite society lived, and had neither electricity or indoor plumbing. In 1884 when Andrew gave his wifes half-sister a house, his daughters objected and fought with their stepmother, refusing thereafter to call her mother and calling her simply Mrs. Borden instead. Andrew tried to make peace with his daughters. In  1887, he gave them some funds and allowed them to rent out his old family home: at the time of the murders, Lizzie had a small weekly income and $2,500 in a bank account (what would be $70,000 today). Lizzies Difficulties According to various accounts, Lizzie was mentally disturbed. She was known to be a kleptomaniac- local shopkeepers would check for missing objects after she had been in and send a bill to her father, who paid them. And in 1891, Abbys jewelry box was rifled, after which her father bought locks for his bedroom door. In July 1892, Lizzie and her sister Emma went to visit some friends; Lizzie returned and Emma remained away. In early August, Andrew and Abby Borden were struck with an attack of vomiting, and Mrs. Borden told someone that she suspected poison. John Morse, the brother of Lizzies mother, came to stay at the house. Morse and Andrew Borden went into town together on the morning of August 4. Andrew came home alone. Killings The reconstruction of the crime found that around 9:30 a.m. on August 4, 1892, Abby was hacked to death with an ax, interrupted while she was in the guest bedroom. Andrew arrived about an hour later, met Lizzie and the maid at the door, and went to sleep on the sofa in the sitting room. He was killed, also hacked to death, at roughly 10:45 a.m. The maid, who had earlier been ironing and washing windows, was taking a nap when Lizzie called her to come downstairs. Lizzie said she had been in the barn and returned to find her father dead. After the doctor across the street was called, Abbys body was found. Because Andrew died without a will, his estate went to his daughters, not to Abbys heirs. Lizzie Borden was arrested in the killings. The Trial Lizzie Bordens trial began on June 3, 1893. It was widely covered by the local and national press. Some Massachusetts feminists wrote in Bordens favor. Townspeople split into two camps. Borden did not testify, having told the inquest that she had been searching the barn for fishing equipment and then eating pears outside during the time of the murders. She said, I am innocent. I leave it to my counsel to speak for me. Evidence included a report that shed tried to burn a dress a week after the murders (a friend testified it had been stained with paint)  and reports that she had tried to buy poison just before the murders. The murder weapon was never found for certain- a hatchet head that may have been washed and deliberately made to look dirty was discovered in the cellar. No blood-stained clothes were found. Without direct evidence of Lizzie Bordens part in the murder, the jury was not convinced of her guilt. She was acquitted on June 20, 1893. After the Trial Although the towns social elite supported Lizzie during the trial, they cooled to her after the acquittal. Lizzie remained in Fall River, but she and Emma bought a new and bigger home in the elite part of town that she called Maplecroft, and she began calling herself Lizbeth instead of Lizzie. She dropped her club and charity work and began attending theater performances in Boston. She and Emma had a falling out in 1904 or 1905, possibly over Emmas displeasure at Lizzies friends from the theater crowd. Both Lizzie and Emma also took in many pets and left part of their estates to the Animal Rescue League. At the time of her death, Lizzie was a very wealthy woman; her estate was worth approximately  $250,000, the equivalent of about $7 million in 2019 dollars. Death At the age of 66, Lizzie Borden died of pneumonia in Fall River, Massachusetts, on June 1, 1927, her legend as an accused murderer is still strong. Her sister Emma died a few days later, at her home in Newmarket, New Hampshire. They were both buried next to their father and stepmother. The home in which the murders took place opened as a bed-and-breakfast in 1992. Legacy The World Catalog lists 1,200 entries dedicated to Lizzie Borden, including 580 books, 225 articles, 120 videos, and 90 theatrical pieces, the latter including ballets, operas, plays, television and movie scripts, and musical scores. Google Scholar lists over 4,500 entries, including 150 in 2018 alone. There are other accused and convicted murderers who attract more attention, of course, but there is a seemingly unending fascination with this particular story, primarily speculation about why this Victorian middle-class woman may have killed her family. Among all the literature, books, movies and other forms of art, postulated possible and impossible hypotheses about why or whether Lizzie Borden did hack her parents to death include:   She was criminally insane, with a dual personality like Jekyll and Hyde.She was irresponsible and ill, and hysteric in the Victorian sense.She was a free spirit who was oppressed by Victorian values.She adored her father who infantilized her, and one day she snapped.She was physically abused by her father and stepmother.She was a victim of incest.She was angry because she missed exercising the social standing she felt she deserved.Her father killed her stepmother and then Lizzie killed him because of it.Somebody else did it (a stranger; a rejected suitor; her uncle; the maid).Her stepmother broke up Lizzies relationship with a lover.She was involved in a lesbian affair with the maid and the parents found out.She was in love with her sisters suitor.For the money. Sources Bartle, Ronald (2017).  Lizzie Borden and the Massachusetts Axe Murders. Sherfield-on-Loddon, Hampshire: Waterside Press.Kent, David and Robert A. Flynn. The Lizzie Borden Sourcebook. Boston: Branden Books, 1992.Lincoln, Victoria. A Private Disgrace: Lizzie Borden by Daylight: (A True Crime Fact Account of the Lizzie Borden Ax Murders). Seraphim Press, 1967.Robertson, Cara W. Representing Miss Lizzie: Cultural Convictions in the Trial of Lizzie Borden. Yale Journal of Law and the Humanities 351 (1996): 351–416. Print.Roggenkamp, Karen S. H. A Front Seat to Lizzie Borden: Julian Ralph, Literary Journalism, and the Construction of Criminal Fact. American Periodicals 8 (1998): 60-77. Print.Schofield, Ann. Lizzie Borden Took an Axe: History, Feminism and American Culture. American Studies 34.1 (1993): 91–103. Print.The Editors of Encyclopaedia Britannica. â€Å"Lizzie Borden.†Ã‚  Encyclopà ¦dia Britannica, 15 July 2018.â€Å"Lizzie Borden.†Ã‚  Famous Trials .

How to Write a Good Thesis Statement

How to Write a Good Thesis Statement In composition and academic writing, a  thesis statement (or controlling idea) is a  sentence  in an essay, report, research paper, or speech that identifies the main idea and/or central purpose of the text. In  rhetoric, a  claim  is similar to a thesis. For students  especially, crafting a thesis statement can be a challenge, but its important to know how to write one because a thesis statement is the heart of any essay you write. Here are some tips and examples to follow. Purpose of the Thesis Statement The thesis statement serves as the organizing principle of the text and appears in the  introductory paragraph. It is not a mere statement of fact. Rather, it is an idea, a claim, or an interpretation, one that others may dispute. Your job as a writer is to persuade the reader- through the careful use of examples and thoughtful analysis- that your argument is a valid one. Developing Your Argument Your thesis is the most important part of your writing. Before you begin writing, youll want to follow these tips for developing a good thesis statement: Read and compare your sources: What are the main points they make? Do your sources conflict with one another? Dont just summarize your sources claims; look for the motivation behind their motives.Draft your thesis: Good ideas are rarely born fully formed. They need to be refined. By committing your thesis to paper, youll be able to refine it as you research and draft your essay.Consider the other side: Just like a court case, every argument has two sides. Youll be able to refine your thesis by considering the counterclaims and refuting them in your essay. Be Clear and Concise An effective thesis should answer the reader question, So what? It should not be more than a sentence or two. Dont be vague, or your reader wont care. Incorrect: British indifference caused the American Revolution. Correct: By treating their U.S. colonies as little more than a source of revenue and limiting colonists political rights, British indifference contributed to the start of the American Revolution. Make a Statement Although you do want to grab your readers attention, asking a question is not the same as making a thesis statement. Your job is to persuade by presenting a clear, concise concept that explains both how and why. Incorrect: Have you ever wondered why Thomas Edison gets all the credit for the light bulb? Correct: His savvy self-promotion and ruthless business tactics cemented Thomas Edisons legacy, not the invention of the lightbulb itself. Don't Be Confrontational Although you are trying to prove a point, you are not trying to force your will on the reader. Incorrect: The stock market crash of 1929  wiped out many small investors who were financially inept and deserved to lose their money. Correct: While a number of economic factors caused the stock market crash of 1929, the losses were made worse by uninformed first-time investors who made poor financial decisions.

Slavery Trade Essay Example | Topics and Well Written Essays - 1000 words

Slavery Trade - Essay Example As the report stresses various abolitionist laws were instituted, though slave trade still grew dramatically spreading to the Northern parts of the American continent.   During this time, there was a gradual growth and expansion of the cotton industry. With the tremendous expansion of the cotton industries which were mostly found in the southern part of the American continent, labor force became a challenge to the industry stakeholders. Acquiring and retaining an adequate workforce that could carry out the day to day activities within the cotton industry became a major challenge to the industry players thus they had to seek a solution.From this paper it is clear that  most of the laborers within the cotton industry at that time were of British origin and were only available as indenture servants. These laborers offered their services in the cotton fields and industry on contractual basis, thus were never reliable to the industry players. They had the tendency of signing contracts that were indenture in nature. They in return received payments in various forms for their services in cotton industries and fields. In most cases, the laborers received payment in the form of upkeep. The cotton field owners and the industry stakeholders had to offer upkeep for the laborers as payment for the services they offered in their fields and cotton industries. Either, the laborers received passage from the cotton field owners and industry owners for the services they offered.

The Most Dangerous Game by Richard Connell Essay

The Most Dangerous Game by Richard Connell - Essay Example Rainsford becomes the prey and in doing so the author unveils the resourcefulness and animal instinct that lies below Rainsford's pompous exterior. Here we glimpse the evil that lies at the primal core of all men such as Rainsford. Rainsford is portrayed as a man of breeding and good manners. He hunts animals because he believes they have no understanding and are incapable of feeling fear or pain. He shows his arrogance on the yacht by insisting he knows the mind of the jaguar and rebuffing the anecdotal tales of Ship-Trap Island as nonsense. Rainsford's smug attitude is further revealed as he "indolently puffed on his favorite brier". However, in his first physical challenge, Rainsford falls overboard as he struggles to retain the symbol of his self-indulgent aristocracy, his treasured pipe. The pompous Rainsford now confronts the sea and a more resourceful man is revealed. He "wrestled himself out of his clothes", as the yacht became a dim drone in the distance. The keen-witted Rainsford is able to make his way to the direction of the gunshots and locate the chateau of General Zarnoff. Zarnoff feeds and clothes Rainsford and tells him of his grisly preoccupation with hunting humans. Rainsford is repulsed by the idea and demonstrates his basic belief in puritan civilization by perceiving Zarnoff as a murderer.

Globalization is a Good Thing Essay Example | Topics and Well Written Essays - 2500 words

Globalization is a Good Thing - Essay Example It is evidently clear from the discussion that globalization has had a long history, with some scholars believing that it has spanned millennia but this form of globalization has come to be surpassed by that which is taking place in the current world. Globalization, as it is today, is mainly based on the idea of free trade and the fact that people from all over the world have come to depend on one another to acquire commodities for their daily use. Thus, one would suggest that while globalization has enabled the development of positive relations between people of different cultures, it has also had some negative impacts as well. Globalization has led to the increase of understanding between peoples from different cultures and backgrounds and this has ensured that individuals, who in previous years could not interact peacefully, can now do so without any prejudice and stereotypes. The interaction between people from different cultures has taken place mainly because of the fact that th ere have developed new forms of technology such as social networks. The latter form of technology has enabled the interaction of individuals from all over the world and has made it possible for individuals of diverse cultural backgrounds, who have not met face to face, to become friends. This has ensured that a situation has developed where these individuals have come to understand each other and found out the reasons behind each other’s cultural practices, hence greater understanding. The cultural understanding that has developed has also led to the creation of greater conditions to enable world peace and it is for this reason that not only governments but also individuals have taken the initiative to work towards the achievement of lasting global peace.

MV Sewol Sinking: Media Reaction

MV Sewol Sinking: Media Reaction 2014 is a year with frequent accidents, many of them attracted large attention around the world. Media from different countries follow-up report these events under different views and media policy. The sinking of the MV Sewol is one of the concerned event. It occurred on 16th April 2014, a ferry named â€Å"SEWOL† carrying 470 passengers was sank dramatically in the southwest coast of South Korea. Most of passengers are Danwon High School’s students. Lots of passengers rescued by some fisher and merchant ship, South Korean coast guard and ROK Navy ship arrived minutes later. According to the official announce number, by the end of 15th May 2014, 295 people died in the accident and 172 people were injured, the whereabouts of other 9 people are still unknown. The captain and three other crew have been accused of murder, the other 11 crew members are charged to abandoned passengers which lead to people die. Domestic and foreign media gave increasing coverage to the sinking of the MV Sewol event (Asia Bulletin, 2014). It is not clear wrecks cause of the accident, however officials believe that overloading may be the main reason of vessels sinking. Throughout the media coverage about this event, not all of them are objective and authentic, lots of factors such as media policy, national interest, self-censorship, public opinion etc. can influence the media coverage and the representation of journalists. This essay will focus on the sinking of the MV Sewol event to explore and analysis the U.S. and South Korean’s media context of the media policy. Focusing on this event, not all media are objective, compare with some Korean media, U.S. media are more objective. The obvious reasons are not only media in U.S. have more relative free speech  but also any truth cannot influence U.S.’s public interests, national interests or government image. The United State is a country with democracy and freedom, the news media also has freedom. The first press law is the First Amendment to the United States Constitution in 1971, it stipulates that congress shall not abridging the freedom of speech or of the press (CRS,1971). It strongly protect news media’s freedom. Some major newspaper in South Korea such as The Chosun Ilbo, Munhwa Bangsong Jushikhoesa and JoongAng Ilbo have report lots of inaccuracy information which can mislead readers. For example, at the beginning of the accident MBC report that all students have been rescued (The Chosunilbo, 2014), this parlance sustained nearly half hour. Also, the initial report shows that rescuer rescued 368 people from freezing water and most of are students, but South Korea government clarify that 295 people were missing. In the morning of 17 April, Chosun Ilbo report that 174 people were rescued, 6 people had died and 290 people were missing. Compare with Chosun Ilbo, CNN report tha t 6 people had died (Hancocks, Shoichet and Pearson, 2014). The JoongAng Ilbo also reported similar inaccurate reports, for example at the beginning of the accident, they report the number of passengers and the number of rescued people which government announced and not verified, it is false report. In the coverage of the number of rescue divers who enter the water, JoongAng Ilbo quote the government announcement that â€Å"178 divers participate in the rescue†, it sounds like all 178 divers enter the water to search and rescue the victims at once. However, in fact, the number provide by government mean that 178 divers can participate into the rescue and in general, at the scene of the accident, only around 20 divers go into the water to search and rescue the victim every time(Nam, 2014). It can be seen that some of these South Korea medias are trend to government or controlled by government. In general, the standpoint of Chosum Ilbo is on the conservative side. Bennett deal with press-government relations as â€Å"indexing hypothesis† which considered that â€Å"reporters index the slant of their coverage to reflect the range of opinions that exist within the government† (Bennett, 1990). This view is one of the function of media. It is a common phenomenon that some media controlled by government and what they express is represent government opinion and what government want people to know. In this case, for this tragedy, media try to reduce the effect of the event in the society. Media always use less obvious expression to mislead readers. It can be understand as â€Å"symbolic power†, it is indirect and having the power to induce people and control their minds (Van Dijk, 1995). Through the representations, media can influence large number of people. However, lots of people have the ability to judge right from wrong, there are lots of foreign media and some of the local media to lead the correct, mainstream and objective opinion. Focusing on the Sewol tragedy, the main topics are considered about the mass sorrow, why this accident can happened and what should the government and state do to protect and help their citizens. The information that â€Å"all passengers have been rescued† reported by various media cause disastrous impact to the public (Sridharan, 2014). Hundreds journalists have gone on strike to protest government control media. Under the pressure from public, the president of South Korea public broadcasting KBS had resigned (Jun, 2014). The South Korea government and their media drew strong condemnation, which necessitate them to do apologize to public and victims and their families. On 16th May, JoongAng Ilbo published an article to do apologize for its false news during the period of Sewol tragedy. After that , criticize government and media controlled by government become the core topic.The Korea Herald published an article named â€Å"Sewol disaster reveals failure of mass media as watchdog†, it indicate that media blindly depend on government’s inaccurate announcement (Lee, 2014). The president of the journalists association of South Korea Park Chong Ryul said that reporters should listened to public and report what public want to know instead of government said. He think media should standing on its’ ‘watchdog’ and public role. â€Å"Watchdog† is a defined of media in classical liberalism communication theory, media with fair and objective position is a tool that stand for public and help to supervise government behavior. These media didn’t to self-censor themselves and didn’t rely on political correctness to restrict the expression before report which cause disaster effect. The social force lead to the threat to free speech on t he campuses which is the underlying logic of political correctness (Loury, 1994). People afraid of ostracism to avoid the candid expression of their views and opinion which are compelled with communal wisdom, it can be known as self-censorship, argued by Loury. The phenomenon that most of media stand on one side to criticize government and its’ media is an example for self-censorship. Once a common concern has been established, it will spread quickly, just as the wave to criticize and censure South Korea government and its media. On the other hand, other media follow up the critical comments are doing the self-censorship and political correctness perfectly. Although U.S. Media always boast their objective and nonpartisan principle, in fact, U.S. news media become the instrument of monopoly capital and consortium of political. They always put the so-called national interest, rather than public interests first and build the basic frame of political correctness. The partisanship of America media is obviously. For instant, The New York Times and Washington Post are inclined to the Democratic Party of the United States. To coverage the incident of South Korea, they are relative objective. Most of coverage are about the incident without any censure government speech and expression. U.S. media strictly follow the potential limitation: political correctness. It includes U.S. national interests, as a tool of extending national interest, the core mission of U.S. media is to guide audiences accept the standard of U.S. value and regard the U.S. national interest as public interest. It can understand easily, U.S do not want to destroy the South Korea-U.S. Alliance relations. In this case, U.S. Media can only report the objective fact and avoid to accuse South Korea government directly. This is kind of media self-censorship, the basic reason is U.S. national interest. Nevertheless, on the other aspect, Korean and some local media are focus on criticize the government and its’ media. As an example that the America overseas Korean published an advertisement on New York Times to criticize South Korea government, it states that mainstream media shaping public opinion and report false news deliberately to defense for government. Accuse that Park Geun-hye guide South Korea back to the authoritarian regime. The JoongAng Ilbo coverage this issue not only described the advertisement, but also mentioned that publishing this advertisement cost $160000 U.S. Dollar (Shen and Kim, 2014). This news article also quote the speech of the Saenuri Party who strongly condemn this advertisement. They asserted that these America overseas Korean utilize Sewol tragedy to reach their political purpose, they stressed that mourn over Sewol victims and against the government behavior should be distinguished. The article quote the opinion that such high advertising cost s which is better to donate to bereaved family. To analyze JoongAng Ilbo’s coverage, it can be seen that this media is still slant to government. It seems like they coverage the America overseas Korean’s opinion, but in fact they want to tell government’s opinion which induce people to rethink their speech. This article can influence lots of readers’ opinion. As Loury explained about political communication that the transmission of ideas and information about affair of common concern with the purport to form public opinion or influence policy consequence (Loury, 1994). Due to the large number of coverage about the Sewol tragedy and public opinion tendency, it influence the government policy making. According to the coverage of Yonhap on 7th November, South Korea Congress pass by , in order to find out the truth of the incident, taking back the illegal income from criminals and donate to the bereaved family, determining the basic frame about some stuffs wh ich to protect national security (Yonhap, 2014). Government’s policy making should considered about public interest, according to the Down (1962) explanation about public interest, it can be know as â€Å"the will of the people†, it is the combination of individual interest which establish a common value. McQuail(1992) defined public interest as informational, cultural and social benefits. In short, public interest is public’s interest, is citizens common interest. The basic opinion of public interest is that the law should reflect and protect public and public interest. The Sewol incident and the failure of the rescue in the Sewol tragedy damaged the public interest, large number of people died, young students stop their life, government lose public reliance. Most media in this incident are trying to emphasize describing the tragic victims and their family to give pressure to government and prompt government make some measure to remedy the damage of public inte rest, based on the media policy, media should supervise government to protect the public interest. In this case, South Korea government punished abandon captain and crew, passing by the to support victims and their families. The pressure of government not only come from media but also come from public opinion. Public opinion is an aggregate of individual views, attitude and other beliefs. Public opinion have strong power in many fields. Politician support that public opinion have influence on the development of government policy. In contrast, sociologists state that public opinion is an outcome of social communication. Media and communication is a tool to spread the opinion, when the opinion presented by media, the influence of public opinion has been enlarged (Davison, 2012). In this case, public opinion have more power to influence government policy. On the other hand, media can guide the public opinion, media always provide an opinion to incite mass and guide the public opinion. After the incident, the support rate of Park president declined dramatically, more and more people do not trust their government and suspicious of government’s rescue capabilities. According to the organ of public opini on survey Realmeter, more than 1,000 adults was do the survey, 51.7% interviewees are dissatisfied with Park Geun-hye government, only 41.4% interviewees are satisfied with Park Geun-hye government which is lowest in the history (Chung, 2014). People no long trust their government, they thought that if they were encounter similar incident, their government cannot rescued them. In this case, Park Geun-hye later anthologized publicly for several times, severely punished the abandon captain and crew, government also pass by policies to deal with problems arising from the accident. All of them are certified that public opinion have influence on government policy making. Media as an instrument to convey the public opinion to the government, at the same time, it affects the people’s view about government. It’s hard to explain the relationship between the South Korean media and politics by using authoritarian or liberalism theory. Analyzing the developing trend, the relations of South Korean politics and media is transforming from authoritarianism to liberalism. In South Korean political-media relations structure, political power is in a strong position. However, under the democracy pressure, political power have to comply with public opinion. Political power gradually tamed by democracy. It can be summarized from the Sowel incident. Moreover, in South Korea, political and capital have different effect on different media in different time. Just like newspaper media under the influence of capital will be more obvious and the TV media is affected by the government. The American media also controlled by interest group, guiding the public opinion that lead to the country’s leader stepping down. The â€Å"Watergate scandal† is kind of example. In short, through the anal ysis of South Korean media coverage and American media coverage about the Sewol tragedy, it can be seen that media restrict by self-censorship and political correctness, at the same time, the expression and representation of media can stand for the will of interest group, it can be controlled by government to lead the trend of public opinion. In this case, media is a double-edged sword, it not only can representative public opinion to influence government policy making, but also can help government lead the public opinion. References Asia Bulletin. (2014).Four crew members of sunken South Korea ship charged with murder.Available: http://www.asiabulletin.com/index.php/sid/222031775. Last accessed 13th Nov 2014. CRS. (1971).FIRST AMENDMENT RELIGION AND EXPRESSION.Available: http://www.law.cornell.edu/anncon/html/amdt1afrag1_user.html. Last accessed 13th Nov 2014. The Chosunilbo. (2014).140 Minutes to campsizing A country that loses children while staring.Available: http://news.chosun.com/site/data/html_dir/2014/04/17/2014041700213.html. Last accessed 13th Nov 2014. Hancocks p., Shoichet C.E. and Pearson M., CNN. (2014).South Korean shipwreck survivors: Passengers told dont move as ship sank.Available: http://edition.cnn.com/2014/04/16/world/asia/south-korea-sinking-ship-students/. Last accessed 13th Nov 2014 NAM, I.S. (2014).Media Outlets Apologize Over Sewol Ferry Disaster Coverage.Available: http://blogs.wsj.com/korearealtime/2014/05/16/media-outlets-apologize-over-sewol-ferry-disaster-coverage/. Last accessed 13th Nov 2014. Bennett, W.L. (1990). Toward a theory of press-state relations in the United States.Journal of Communication. 40 (2), p103-105. Van Dijk, T.A. (1995). Power and the News Media. In: David L PeletzPolitical Communication in action: states, institutions, movements, audiences, Cresskill. NJ: Hampton Press. p9-36. Sridharan, V. (2014).South Korea Ferry Tragedy: US Amphibious Assault Vessel to Join Rescue Operation as 295 Remain Missing.Available: http://www.ibtimes.co.uk/south-korea-ferry-tragedy-us-amphibious-assault-vessel-join-rescue-operation-295-remain-missing-1445002. Last accessed 15th Nov 2014. Jun, J. H. (2014).KBS President under pressure to quit.Available: http://www.koreatimes.co.kr/www/news/nation/2014/05/116_156954.html.Last accessed 15th Nov 2014. Lee, S. S. (2014).Sewol disaster reveals failure of mass media as watchdog.Available: http://www.koreaherald.com/view.php?ud=20140516001217. Last accessed 15th Nov 2014. Loury, Glenn.C., 1994, ‘Self-censorship in public discourse: a theory of ‘political correctness’ and related phenomena,Rationality and Society, 6, pp.428-461. Shen, G.Z. Kim, J.X. (2014).Some American Korean published NYT advertising require that check the truth of Sewol.Available: http://chinese.joins.com/gb/article.do?method=detailart_id=119413. Last accessed 15th Nov 2014. Yonhap. (2014).Cabinet passes package of bills in aftermath of ferry accident.Available: http://english.yonhapnews.co.kr/search1/2603000000.html?cid=AEN20141118002900315. Last accessed 15th Nov 2014. Iosifidis, Petros, 2011, ‘Media policy and regulation in the public interest,’ inGlobal Media and Communication policy, Palgrave Macmillan. pp.23-75.P95.8.I672011 Davison, W. W. (2012).Public Opinion.Available: http://www.britannica.com/EBchecked/topic/482436/public-opinion. Last accessed 16th Nov 2014. Chung, M.U. (2014).Parks approval ratings slip steeply.Available: http://koreatimes.co.kr/www/news/nation/2014/04/113_156249.html. Last accessed 16th Nov 2014. Is the American Dream Achievable? Is the American Dream Achievable? The American dream came about during the United States Declaration of Independence where it was meant to be a land of freedom where prosperity and success to the people prevailed regardless of their social status or where or how they were born. All people were to be treated equally by having their rights exercised freely with their happiness. Children were to be given good education and career without any barriers. Everyone was to make his or her own choice without the obstacles of their class, caste, religion, race ethnicity (Kronenwetter, 1997). By this it meant life should be great, richer and be enjoyed to the fullest by everyone according to their opportunities and achievements. Ever since independence, America has been seen to be a land of opportunity where good life can be achieved through your sweat, freedom of democracy is allowed and where everyone has a right to exercise his or her religion and moral beliefs. Equality was the in-thing. American Dream ever since has been operating under the principle of freedom but nowadays, much has changed in America. It has been born from a nation of freedom to a nation of materialism (Adamson, 2002). Before, one earned his leaving through hard work which was considered to be an achievement of financial success but nowadays people no longer look into the vision of the future which includes time, sweat and ultimate success but instead they sit in their comfort waiting for it to come true. American being a nation of capitalism, the quest for money was part a way forward to achieve their dreams. Instant wealth to the Americans was never part and parcel to their success, working hard was always their dream. During the colonization period, Benjamin Frankline counseled people on their way to wealth, according to him, retiring early to bed and waking up earlier will make you healthier, richer and wiser (Adamson, 2002). The American Dream education system has also been influenced towards not achieving the dream. One needs to qualify in a given area in order get an opportunity in the society instead of developing genuine competence and knowledge or show their interest. The poor who cannot afford education cannot fit in the system with whatever knowledge and experience they have because all this is left to the educated ones. Freedom of the people has also been altered because most of them nowadays have been turned into slaves to some people, the government and any other kinds of institutions. They have got no freedom of their own to rest. They work hard for other people instead of themselves. The achievement of security for all has also become a mirage with the United States topping the list of countries with the highest crime rates in the world. Crime rates heighten to new levels every day and curbing terrorism has become a hard nut to crack, increasing government spending and worsening the already b ad economic situation of America hence hindering the achievements of the American Dream (Kronenwetter, 1997). With all the above happenings, the American Dream can still be achieved through the norms that have been isolated. Norms such as old principles should be observed instead of being materialistic, the concept of being right or wrong, believing in inalienable freedom and the liberty of the individual. With the above, some achievements can be attained. Adaptation to change in institutions, organization or the government can also contribute very much towards the achievement of the American Dream. Faithfulness in what the nation stands for, for instant obeying the rules or the constitution of the nation and being a good citizen rather than being an obligation to the country. Poverty, ignorance, oppression and those things which are meant to hinder the countrys progress towards achieving its dream must be fought in all means (Lasch, 1995). With poverty, addressing the issue of inequitable distribution of wealth among the American people will solve the issue. This can be termed as a sign of justice and fairness among its people since there will be no favor or class of distinction (Adamson, 2002). Education should be put into consideration because with the old principles forgotten, achievement in academic can lead to achievement of a dream, happy and prosperous life. Best education comes with hard work and with this, knowing the root course what is hindering the achievement of the American Dream today can be possible. Economic crisis among the American citizen should be observed. Of recently, the Obama administration has been able to observe that by helping the needy through extending health and unemployment benefits and increasing food-stamp benefits. The problem of unemployment has been able to be addressed through the economic stimulus funding to the state and local government as they concentrate on other infrastructures such as repairing the aging transportation infrastructures. Safety among the citizens should be observed. Violent crimes should be abolished. Instead of crime, good virtues such as peace and prosperity should prevail. With unity, the gift is happiness; integrity of the country is always showing true spirit of the citizen. Goal achieving has been part and parcel of everybodys life but obstacles at times do come on the way. Political instability in a country can affect one to achieve the nations dream. If you want to start a business and the country or two groups are always at war with each other then your business will not grow either. Lack of motivation and drive is a major and key contributor to the achievement of the set goals and dreams (Adamson, 2002). Intrinsic motivation for goal attainment increases once drive to follow through the plan. Developing a set of ambitious life dreams is one thing, but having the drive, motivation and determination to follow through and work toward making your dreams a reality is entirely different. Knowing the motivating factor and never losing sight of it aids in sticking to the action plans. Once motivation is not cultivated in ones inner being the spirit of making the first step towards achieving the dream is deterred and in the long run the dream shuttered. Its therefore a pre-requisite for one to set attainable dreams and walk the dream (Lasch, 1995). Flexibility in making decisions is another critical factor that impacts on dream achievement. Fixed mindedness is a deterrent factor since individuals are not allowed to think beyond in a wider context but rather follow the st rict guidelines in achieving there set targets and as a result the spirit of invention and innovation is not appreciated. It is therefore upon every individual to look at various means of achieving the dream and the most productive decision empowered (Weir, 2007). Skills and competences also sway once judgment in setting dreams. Having the skills to follow through with the desired action is an important factor to consider when elaborating your plan to achieve your dreams (Lasch, 1995). It is therefore once obligation to be handy in identifying his special attributes and align them with his dreams even if means developing the skills through training and research an example would be a carpenter will never achieve his dream of becoming the best unless he continuously improve on his skills. Despite the above achievements and obstacles, they are those who have made the American Dream to become a reality. For instance Abraham Lincoln at some point was quoted saying Where is the American Dream and this, he achieved. Kennedy Abraham Lincoln who was the 16th president of the U.S between 1861 and 1961 took over power when the country crisis of Civil War was on the rise with millions of the Americans already dead (Kronenwetter, 1997). The war was between two worlds with their own visions. These worlds were the Union states of the North and Confederate states of the South. This gave rise to the War of Succession or Civil War. This was a time when the unity of the U.S and its territories were at risk. Lincoln was determined to end this war through the means of unifying the nation. By achieving this, he arrested those suspected to be secessionists and put them under detention without trial. Lincoln career as a president was a very humble person who never loved war. At one point, Lincoln became under attack by both sides of the Union states of the North and Confederate states of the South, Radical Republicans voiced for harsher treatment of the South while Democrats desired Compromise of which he fought back with patronage by making them feel sorry for each other (Adamson, 2002). He had power in speech to convince the American people. For example, at one occasion when addressing the Gettysburg in 1863, he was quoted saying and that government of the people, by the people, for the people, will not perish from the earth (Kronenwetter, 1997). This statement remained to be an icon of the Americas dedication to the principles of nationalism, equal rights, liberty, and democracy. Abraham Lincoln dream came true when he abolished slavery in the U.S. With time discrimination and segregation came to an end. Racism only remained in many older North Americans while the young ones continued to interact with different races. Civil Rights Act allowed anybody from any race to study in the U.S with no discrimination. Equality was considered first. Most migrants moved in to the U.S in search of different freedoms and opportunities. Other intermarried for example the blacks and the whites. Then black man, Barrack Obama, with Lincolns footsteps came into being the president. Abraham Lincoln remained a hero and one of the greatest U.S presidents after giving freedom to the slaves (Lasch, 1995). Martin Luther King Jr. was never left behind for fighting for the American Dream. Being a Baptist minister, he was in the war front fighting discrimination against the blacks. All he wanted was racial equality among the Americans. 1963 is the day to be remembered when Martin and his staff went to Birmingham Alabama and protested non-violently. This kind of behavior intrigued bad publicity, forced the white leaders of Birmingham to agree to some anti-segregation demands. He was later arrested and jailed. This was the last time to be seen in public until the memorial of Abraham Lincoln (Lasch, 1995). Here, he invoked the name of Lincoln in his I Have a Dream which was televised across the country. In his speech, he talked about slavery which Lincoln had fought for before. In his own word he said, I have a dream that one day on the red hills of Georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood (Lasch, 1995). All he meant was the equality among the American people. His speech of I Have a Dream to the Americans has achieved the American Dream. The fight for the racism has been achieved equality between the blacks and the whites (Lasch, 1995). Black people are being offered same opportunities in the American at large. Kings was against crime to the humanity, he was against the Vietnam War. In his speech titled Beyond Vietnam he openly declared that he was against U.S involvement with the Vietnam War. To him, U.S was in Vietnam to occupy it as an American colony and calling the American government the greatest purveyor of violence in the world today. He also didnt miss the wealth and poverty topic, to him, U.S needed some moral changes in which he said, A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth. With righteous indignation, it will look across the seas and see individual capitalists of the West investing huge sums of money in Africa, Asia, and South America, only to take the profits out with no concern for the social betterment of the countries (Lasch, 1995). Politically, his prediction about his four children living in a nation where a black will rule came to be accomplished the Barrack Obama. Martin Luther King Jr. left a legacy behind for fighting equality and human rights. Despite this kind of lives, the two leaders demonstrated leadership in themselves. Trying to look at their personalities and their achievements, we can see each having growing up to fight for the rights of the human nature. Their life stories, memorable phrases and quotes and incredible feats that give us a glimpse of what we already know. There destinies were shaped by the obstacles but they managed to overcome it. For instant, Born on February on 12, 1809, Abraham Lincoln came from a very humble family and made a living with simple jobs like cutting wood, failed merchant. With nine years old, Lincoln lost her mother due to milk sickness, and then her older sister died also when giving birth at a young age (Kronenwetter, 1997). His father re-married again of which his fathers wife became very close to Lincoln despite the distance between him and his father. Slavery was part of their family. This haunted Lincoln very much with the kind of hard labor his father was going through due to lack of education. All cores expected of him as a male in the household such as building rail fences was his work. Lincoln worked so hard when he was young and whatever he earned, he gave his father and when he grew older, he at times loaned some money from his father. His romance life was also full of obstacles, her first love died of typhoid fever before they could settle together. Her second romance didnt work either after courting for some time. At the end, he married Mary Todd Lincoln whom they had children together who died later with different ages. This haunted both parents so much and at some point Mary was committed to a mental care asylum in1875 while Abraham Lincoln suffered from melancholy (Kronenwetter, 1997). Life went on with lots of ups and down until Lincoln became a legislator of Illinois, an advocate against the extension of slavery, later a candidate of the nascent Republican Party, later the President of the United States, and, finally, a man of principles who believed in the essential virtue of democracy for resolving conflict of which he fought for so much and at one point, he was quoted saying As I would not be a slave, so I would not be a master. This expresses my idea of democracy. Whatever differs from this, to the extent of the difference, is no democracy (Lasch, 1995).Education wise, Lincoln was very smart. He observed nature with a lot of closeness which enabled him later to accomplish his American dream. Living in Illinois opened his future of becoming a lawyer and this helped him sharpen up the skills of politics. Through politics he managed to become the president of the United States of America. Abraham Lincoln was assassinated by John Wilkes Booth, a well-known actor and confederate spy from Maryland in 1864. Martin Luther King Jr. was also assassinated in 1968 in his room that he had booked. He was born in January 15, 1929 as Michael which later changed to be Martin, grew up in a Christian family. His father was a pastor in Ebenezer Baptist church in Atlanta where he acted as a co-pastor. Martin was a learned man, he attended segregated schools in Georgia, graduated from high school at the age of fifteen; he received the B.A. degree in 1948 from Morehouse College, a distinguished Negro institution of Atlanta from which both his father and grandfather had graduated. Three years after his theological study at Crozer Theological Seminary in Pennsylvania where he was elected preside nt of a predominantly white senior class, he was awarded the B.D. in 1951 (Kronenwetter, 1997). Later he married MaCoretta Scott, a young woman of uncommon intellectual and artistic attainments of whom he had two sons and two daughters with. He worked as a strong worker for Civil Rights for the members of the race. He fought for the equality of the American citizens. Left behind a legacy of predicting that one day the American will be ruled by the blacks. Of which it has been accomplished. This two leaders had some few things in common, the both fought for the humanity rights (Lasch, 1995). The both wanted America to be a land where freedom is exercised and opportunity citizen to both are adhered to. Through their fight for humanity, American Dreams have been achieved. Education wise, resources are being distributed freely to all the people. In summary great people dream big, this can be translated to mean people will always try to get a good life. The Promised Land flowing with goodies will always attract masses; in view of this fact America has been seen by many as a country that promises the good life. What people do not realize is that the country was built through hard struggles and sacrifices to achieve the success. Successful people commit to achieving better than their peers. For them, commitment has becomes an instinctual habit they practice every day. However, commitment is not merely about the intention or the strength of your promises, it is all about taking action. Even the strongest commitment is just another broken promise unless a commitment to take action occurs. In conclusion achieving once dream is a product of individual efforts and intrinsic power to venture into the world of unknown unveiling discoveries. Americas top two icon leaders have lived the example and the idea of achieving once dreams made practical and many more yet to be unfolded.