A Good Parent

A Good Parent How to be a good parent? During this period, raising children is the most difficult job in the world. But to be a good parent will teach them to become a nice person. So the most important quality of a good parent is being responsible for their children. There are several qualities of a good parent. The three most important qualities of a good parent are express love, helping your children feel safe, and spending a time with your children. The first quality of good parents is express love. A good parent should tell their children that they love them every day.For example, they express their love by giving lots of hugs and some kisses. A parent should give them more attention and love. Because many children look for this kinds of favor from parents. If a parent expresses love to them then they will get along with their parents. They will start communicating and tell everything to you. Try to love your children completely do not force them to love you. They should be in o rder to earn your love. For example, let them know that you will always love them no matter what. The second quality of good parents is helping your children feel safe. A good parent should give children some privacy and respect.For example, if you teach them that you can come to ours room but stay out of line. Also teach them if you enter someone’s room then you cannot look through theirs drawers or read their diary. Do not argue with your spouse while they are sleeping. Because sometimes children may feel worried and scared. So from this they can learn to argue with someone. Therefore show them that when someone argues with them then they can discuss their differences peacefully. A good parent should set boundaries. For example, bedtimes, and curfews so they know that parents care and try to make feel safe by the boundaries.The third quality of good parents is spending a time with your children. It is necessary for parents should spend time with children. A parent should ta ke some time from work and spend time with them by attending a school function, do homework with them, and visit their teacher at the open house. If a parent spends time with children they will love it and they will remember that my parents attended my school function. Spend time with children thirty minutes every day. Try to spend time during dinner and talk big and small problems with them. Try to go out for blowing, plan a vacation, a visit to grandparents, and many more things.By spending time with them they will try to communicate more and tell every big or small problem with you. They also start caring about you and give more respect. The most important thing is to try to forget your job work when you come home. Spend time with your children as much you can. In short, there are several qualities of a good parent. The three most important qualities of a good parent are express love, helping you children feel safe, and spending a time with you children. (need to add final commen t in conclusion otherwise everythings is prefect)

Concert Etiquette

Before going to a concert you should think about concert etiquette (good concert manners) to show respect to the fellow musicians. When going to a concert you should dress up in a way that would show the most respect to the musicians and the audience members around you. You should refrain from putting on perfumes fragrances since many people would be distracted by the smell, or be highly allergic to the product. In many concerts, you should arrive at least five to ten minutes before the concert begins. You should do this in order to get a program, find your seat, be seated.Remember to use the restroom before the concert starts, so you would not need to during the performance. It is very important to stay in your own seat and quietly seated while the concert is in progress. The reasons you should do this because it would be very disrespectful to the musicians, who put many hours into performing high quality music. Also it would be disrespectful to the audience trying to enjoy the musi c the musicians are performing. You should never leave the concert, while it is in progress unless you absolutely need to. Leaving a during a performance will distract others around you.If you do need to leave early, try leaving when there is a break or intermission in the program. When a concert is in progress, it's very important to stay as quiet as possible. During the concert you will want to whisper, hum, sing along, or tap your shoe don't do these things. It will distract others from the performance and will make unnecessary noise during the performance. If you bring a baby to the concert. When it cries or make another noise please try to exit the auditorium as quiet as possible. This will help others to not get distracted.Do not wave to your children(if they are performing) during the performance. They most likely already know that you are there and who you are. Please don't take flash photography, it would most likely blind a musician and won't be able to see their music. Do not walk down one the aisle to video tape the concert ( the light is usually not good enough for you to tape the concert ). Remember to not use your cell phone during the concert. Please turn them off before the concert begins. Refrain from unwrapping candy or cough drop wrappers during the performance. (If the omposer wanted the sound of crinkle paper noise, they would have written it in the piece. ) During a performance, you should never eat or drink. Just imagine sitting by someone chewing and drinking loudly. You would want to leave wouldn't you. While the concert is in progress, there will most likely be silence in some pieces. These are called movements. You would want to clap, but don't clap. A good way to know if it is a movement is if the conductor's arms are still up in the air, or if his/her back is turned to the audience. A good way to show appreciation during a performance is to applause.Even if you didn't enjoyed the music that was played, you should still show respec t and appreciation to the performers. Sometimes the audience will show more appreciation or enthusiasm for a good performance by standing while clapping. This is called a standing ovation. It would be more respectful to join and stand up even if you didn't think it shouldn't deserve one. It's completely acceptable to shout out words of appreciation, but not hateful comments towards the performers and conductor. Knowing this information will help you show respect to the performers, audience, and conductors during a concert.

Psychological Assesment: IQ Tests Essay

The IQ test I found and tested on the Internet is IQTEST.COM (http://www.iqtest.com/).   It employs a series of 38 multiple-choice questions that prohibits the use of pencil and paper so that only mental thinking and computation will be used by the individual taking the test.   After completing the test, the score is sent to the individual by email.   I got an IQ test score of 125, which is categorized as above average.   An intelligence quotient or IQ is a value that represents an individual’s mental capabilities in relation to other individuals of the same age.   It is understood that each individual has several particular mental capabilities and that specific abilities may be assessed using an efficient method.   There is a strong correlation between an intelligence quotient and the likelihood to succeed in the academe and business worlds.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The IQ score was classically employed to evaluate individuals that were thought to be of low intelligence or to assess children who needed special education.   The IQ test was then created as a comparative tool to determine if a child’s mental ability was at par with other children belonging to the same age range.   When a child receives a higher than normal score from the IQ test, the child is considered more intelligent than the average child of that particular age range.   The current IQ tests are used for any age and it now not meant to determine any level of mental retardation.   Newer IQ tests are designed to be free of bias from cultural and religious differences and there is no need for comparison to other individuals of the same age range.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I find that the IQ test offered by IQTEST.COM to be highly credible because it requires mental comprehension of the question and thinking without the use of any peripheral materials such as pencil and paper.   However, it would be better if there were more types of questions than plain abstract topics.   I was thinking that their IQ test would also include visual acuity which is also a good indicator of perception and processing. Reference http://www.iqtest.com/

Islam in the Malay world Essay Example | Topics and Well Written Essays - 2250 words

Islam in the Malay world - Essay Example The laws of the shariah are present in all aspects of their lives and are heavily relied on within the 33 local governments found in Indonesia. In Ache particularly, Islam is has taken a greater hold on the people since the shariah laws have been emphasized much in books and the reintroduction of these laws within special Shariah courts. They are strictly followed to ensure they have a firm hold on the strictest aspect of the way of life led by an individual. This also includes the women who at all angles viewed take a heavier toll of the requirements of the shariah laws that have been known to discriminate against women. Shariah can be defined as the all encircling and in-transmutable system of Islamic jurisprudence found within the Koran and the Sunnah. A characteristic of the shariah is that it covers all aspects of life including how to observe hygiene, the roles performed by different members of the family, relationships between man and God, daily living, social order and behavi or, how to relate to other Muslims, religious obligations and directions on how to live with the non Muslims among other things related to ways of living. In the light of the significance of the shariah to the lives of the Muslims, we find that the shariah makes a big part of their lives influencing the way the people behave, relate with each other as Muslims or with non-Muslims, take up their daily roles etc. women in Indonesia also keep their way of behavior in line with the requirements of the Shariah. Apparently, the shariah have been quite discriminatory on the side of the women. The women on the other hand are feeling the pinch and are reacting to the oppressive laws in different ways. The following essay will lie in the limelight the effect shariah law have on the women who live in Ache Indonesia. It will also show how the women here negotiate their political

CASE STUDY 02 Essay Example | Topics and Well Written Essays - 1000 words

CASE STUDY 02 - Essay Example The debt position of the company is more or less the same as that of its peers. 7 Dividend policy forms an integral part of corporate finance. It looks obvious that the company must reward its shareholders by declaring high dividends. But then the question is if the company declares all of its earnings as dividend merely to keep the shareholders happy then this will perhaps retard the future growth prospects. For this reason the companies do not declare all its earnings as dividend but they plough back a certain portion of the earnings in the form of ‘Retained Earnings’. The companies pay a lot of attention to ‘dividend policy’ as a fall may invite the wrath of the shareholders and a rise can come in the way of the growth prospects (Ross, et al., 2008, pp. 590). The dividend payment of FPL Group Inc has been on an upward move for the last ten years. In the year 1984 the company declared a dividend per share of $1.77 that reached the levels of $2.47 in 1993. Unlike the steady rise in the divided the earnings per share (EPS) of the company passed through fluctuations on many occasions but the impact of this was not felt on its dividend payment pattern. In fact in the year 1990 FPL Group incurred a net loss of $391.005 million resulting in a negative EPS of $2.86. But even in this year the company declared a dividend of $2.34. The main incentive of a share issue is that payment of dividend is ‘not obligatory’ i.e. a company pays dividend only when it is able to generate sufficient amount of earnings. But this seems to be inapplicable in the real world as is evident from the case of FPL Group. However it is anticipated by the analysts that the group will either cut dividend or keep it stable at the existing level of $2.48 per share . In 1993 FPL Group maintained a dividend payout ratio of 91% which is the highest as compared to its peers. During this period Duke Power Co. maintained a payout ratio of 68%, Florida

Pablo Picasso Artworks Essay Example | Topics and Well Written Essays - 2000 words

Pablo Picasso Artworks - Essay Example The essay "Pablo Picasso Artworks" attempts to portray the reasons Picasso painted and why he changed the movement. He was a Spanish sculptor, stage designer, playwright, printmaker, ceramicist, and painted who lived between 1881 and 1973. He was an influential artist who helped develop and investigate many varieties of styles. ). For instance, he co-founded the Cubist movement in the 20th century. He is recognized with Marcel Duchamp and Henri Matisse as artists who revolutionized printmaking, plastic arts, ceramics, painting, and sculpture. Picasso showed unusual artistic ability from his early years. Through his childhood and adolescence, he painted in a realistic manner. At the beginning of the 20th century, he changed his painting style after experimenting with various theories. Picasso’s work is categorized into movements. There are the expressionism, cubism, and surrealism. Picasso’s expressionism can be further categorized into Blue period, Rose period, and Afri can-influenced period. Cubism is can be classified further into Analytic cubism and Synthetic cubism. There are many differences in the two painting. The differences lie in the painting style used. Picasso used expressionism in the Drunk Woman is Tired, while, in Girl in Chair, he used cubism and surrealism. In the Drunk Woman is Tired, Picasso is expressing his feelings of a real situation. In the painting, a drunken woman is asleep. The woman is emaciated and poor. She has no place to go. Picasso used the painting to express his sympathy to her.

Writing Assignment Example | Topics and Well Written Essays - 500 words

Writing - Assignment Example The firm has utilized a strict domestic strategy in the United States. ABC Consulting is currently looking to expand oversees. The location the organization is targeting is Prishtina, Kosovo. Country Profile: Kosovo Prishtina is the capital of Kosovo. It is the largest city in the country with a population of 400,000 (Albanian). Approximately 22% of the country’s population lives in Prishtina. The city is considered the region with the highest education in the country due to the presence of the University of Prishtina. The two official languages of Kosovo are Albanian and Serbian. English, French, and German are also spoken by the younger generations. Muslim is the most practiced religion in Kosovo. Atifete Jahjaga is the current president of Kosovo. The country has an efficient public transportation system that is used by most people. The unemployment rate of the country is very high hovering around 40%. The majority of the citizens that are employed work in the public sector or in small family businesses (CultureGrams). Marketing Mix ABC Consulting must develop an effective marketing strategy to penetrate Kosovo. Despite the fact that the country is poor there are plenty of business opportunities for the company due to the fact that there are a lot of small businesses. These business owners could benefit from the services ABC Consulting offers. The marketing strategy the firm must develop has to take into consideration the marketing mix.

HIPAA Violations Essay Example | Topics and Well Written Essays - 1250 words

HIPAA Violations - Essay Example Nancy Lee states, â€Å"If Congress did not enact legislation, HIPAA requires the Secretary of HHS to propagate regulations on privacy protections† (Fernald 61). Fernald (2002) argues that the government or law enforcers should not levy medical professionals, who share a patient’s information for protection of their own because they may need to do so in order to promote high quality health care (Fernald 45). Additionally, a medical professional may at time be forced to share a patient’s medical records with the public in order to seek for financial support, in case the patient’s family or friend permits him or her to do so (Fernald 47). Nass and her Co-authors (2009) also support this opinion. They argue that,, in case of emergent diseases or infections, health professionals are faced with the challenge of designing a proper method of controlling the spread of the disease (Ness et. al. 81). One of the most valid means of controlling the spread of a disease’s outbreak is the sharing of patients’ information. Through this, they shall have violated the HIPAA regulations, but the government or law enforcers sho uld not levy penalties on them because such situations are urgent and need quick response. These situations provide valid grounds why the government or law enforcers should not levy medical professionals for protecting their own. Whenever a nurse is creating their facility’s HIPAA forms, they must be cautious in letting the patients know that it is their rights to revoke the permission for the disclosure of confidential medical information only to the people they name. â€Å"Without the information, the HIPAA form is considered invalid, and should the nurses release the information to third parties, such acts shall be considered violation of HIPAA regulations† (Gerard et. al. 187). Sometimes, the release of wrong information of a patient can occur

American Government Personal Statement Example | Topics and Well Written Essays - 250 words - 1

American Government - Personal Statement Example In the United States, according to PLU (n.d.), President Bush has been an advocate of pro-outsourcing policies and supporter of free trade. The President believes that the country benefits from outsourcing in the long run although there are short-run disadvantages in the system. Bush’s administration calls the system as a new way of doing international business. Crisis created by outsourcing. The Heffner’s (2010) study said that over the past years, 3.7 million manufacturing job in the U.S. have been lost because the workers cannot compete with the rate of third world’s wages. For example, he cited the salary of an engineer in US is $100,000, while this amount is already equivalent of 3 engineers in the third world. Hemphil (n.d.) calculated the cost of IT and telecommunication work in US as $100 per hour while same work could be done in India or China at $20 per hour. Rees, 2004, an author of labor policies, said that the effect of outsourcing was felt by employ ees who lost their jobs, and to others who were forced to accept low paying jobs because of changes. There are also social costs and disadvantages caused by painful dislocations and separation of families. On the government side, the government tends to lose income taxes for jobs outsourced in other countries plus the investment and capital transferred elsewhere.

Annual reports of Boots Essay Example | Topics and Well Written Essays - 2000 words

Annual reports of Boots - Essay Example Return on capital employed has dropped from 18.15% in 2004 to 13.95% in 2005. Gross profit margin shows how much profit was made out of every dollar of sales before covering operating expenses. The gross profit margin has only improved very slightly from 45.67% in 2004 to 46.05% in 2005. Net profit margin shows how much profit was made out of every dollar of sales after covering all costs and expenses. The net profit margin has decreased from 7.73% in 2004 to 5.53% in 2005. Return on assets shows how much profit was earned out of every dollar of total assets. Return on assets has declined from 11.75% in 2004 to 8.76% in 2005. Return on owners' equity shows profit available to equity owners out of every dollar of their investment. Return on owners' equity has also decreased from 22.76% in 2004 to 18.78% in 2005. The downward trend of the profitability ratios indicates weakness. Liquidity ratios are indicators of short-term financial stability. They show whether the business is able to meet its current debt obligation. The liquidity ratios include current ratio and acid test ratio. The current ratio shows the company's ability to meet its current debt obligations (due within 12 months) with assets that can be converted into cash within a short period. Though the current ratio has decreased from 1.5170 in 2004 to 1.4671 in 2005, it is still considered satisfactory being more than 1. This means that the current assets can cover current liabilities with a margin of safety. If the ratio is too big, it may mean that the firm has too much liquidity and is not optimising its investment opportunities. The acid test ratio shows whether the firm has sufficient liquid resources (assets that can be converted into cash very quickly) to meet its current liabilities. The acid test ratio indicates weakness as it has decreased from 0.9086 in 2004 to 0.8027 in 2005. The rati os in both years are less than 1, which means that the company may have difficulty in meeting its short-term financial claims with its liquid assets. Use-of-assets ratios indicate operating efficiency and how well the assets

The Age of Rapid Globalization Essay Example | Topics and Well Written Essays - 500 words - 4

The Age of Rapid Globalization - Essay Example In the developed countries like United States, United Kingdom, and Europe, racial discrimination is still being practiced within the white population. While the world is becoming a global village, it is unfortunate that lack of interest and understanding seem to be creating the greater divide among the people coming from different race, culture, and nationality. In the eighteenth and nineteenth century, the color of the skin played a major role in the social status. The whites maintained a racial divide within the society through the deliberate use of powerful lobby of the whites and financial advantages that they enjoyed over their less privileged counterparts. The blacks were not allowed to participate in social activities and even education was denied to them so that they would remain unequal socially and economically. In the book ‘I know why the caged birds sing’, the author has given a new meaning to the finishing school and where, according to the protagonist, a young black girl ‘.. white girls learned to waltz†¦.. During the tenth year, a white woman’s kitchen became my finishing school’ (Angelou, p101). Maya Angelou has sensitively portrayed the social paradigm that the whites and the ethnic minority undergo within the same social structure. Richard Wright is yet another writer who has written ab out the plights of the blacks and ethnic minorities with great understanding mainly because he had undergone those harrowing experiences of being a black, especially in a society which was dominated by whites. In ‘The Ethics of Living Jim Crow: An Autobiographical Sketch’, he says that he was not even allowed to learn because he was told by his white colleagues at work ‘this is a white mans work around here, and you better watch yourself" (Wright, 291). ‘

Financial statement Essay Example for Free

Financial statement Essay Accounting mainly involves analyzing, interpretation and reporting of business transaction records. Accounting provides information for decision making to the management. The purpose of accounting is to maintain proper control of finances of an organization. In other words, accounting is an information system whose purpose is to provide essential information about business financial activities. It is primarily involves design of record keeping system, summarized reports based on the recorded data and eventually interpretation of the reports. (Duane and Charles 1991; Martin Fernando 2002). Four basic financial statements are: Balance sheet: This records assets and liabilities as well as owner’s equity of a business entity. Assets include current assets such as cash, debtors, securities, and prepayments. Long term assets include land, machineries, plants, and furniture. On the T account liabilities are recorded on the right hand side. They include current liabilities and long term liabilities and owners equity. The first step towards preparing financial statement is recording the transactions in the journals. Then the accountant will prepare ledger accounts for every item e. g. machinery, wages, furniture, cash accounts and so on. It is from these ledgers data to prepare the basic financial statement is derived from. The relationships Net income/loss reported in income statement forms part of owner’s equity items. If net loss results, it is deducted, if net income results then it is added (in the owner’s equity statement). Owner’s equity as at end of trading period from the owner’s equity statement is recorded in the balance sheet as owner’s capital. Net cash reported in the cash flow statement is the cash reported in the balance sheet (Carl etal 2008) Users of financial Statement Financial statements are very useful to managers, investors, creditors, and employees. Managers need to know performance of the business in terms of profit, costs, liquidity, and solvency status so as they appropriately plan and make decisions for future. These statements also help them in budgeting and forecasting the performance. Investors are concerned about maximization of their wealth. These statements show the dividends and other incomes rewarded. They can use the statements to judge potential earnings from the firm. Creditors offer credit facilities to a business. They use these statements to evaluate a business liquidity and solvency status so as they may be able to know ability of a business to meet its short term and long term liabilities. Employees are also concerned to know the performance of their employer. Good performance means continuation of their employment while poor performance is a threat to their employment. (Bhabatosh 2005) Objectives of financial reporting Financial reporting is to provide information for decision making. It is also help in forecasting, budgeting, control. Financial reporting determines financial position of a business entity. It also shows income earned. Financial reporting is meant to be used by both internal and external users. Accounting principles, assumptions and constraints Accounting principles includes: cost principle; which state that assets and liabilities should be reported at acquisition cost rather than market cost, Revenue principle; state that revenue should be recorded when goods pass into the possession of the buyer (when realizable or earned. Revenue should not be anticipated), matching principle; state that expenses should be matched with revenues accruing from a certain transaction, Disclosure principle; state that, any information that may affect decision making should be disclosed. (Jerry etal 2004). Assumptions includes: Going concern; a business entity is assumed to be continuing with operations indefinitely, Business entity; this state that business and the owners are separate entities, Time period; operations of a business entity can be divided into time periods, Monetary unit assumption; a stable currency as unit of account is assumed. (Jerry etal 2004). Constraints includes: Objectivity principle; financial statement should be objective based on evidence, Materiality principle; any item that is likely to influence decision of the financial accounts user should be included, Consistency principle; accounting principles should be used be consistently. (Jerry etal 2004). Accounting equation; The accounting equation is: assets =liabilities + owners’ liabilities. Business transaction leading to increase in assets will affect assets side. However this has to be funded by either owners or creditors. Meaning that, the equation will always be balanced. Conclusion Accounting reporting purpose is to provide information for decision making. Accounting standards by both international and national accounting bodies should be adhered to in financial reporting. Basic financial statements are balance sheet, cash flow statement, owners’ equity statement, and income statement. These statements are very useful to both internal and external users as far as decision making is concerned. Reference Duane, R. , Charles, S. (1991). The Essentials of Accounting 1. Research Education Association. Martin, S. , Fernando, A. (2002). Financial Statement Analysis: A Practitioner’s Guide. John Wiley and Sons. Bhabatosh, B. (2005). Financial Policy And Management Accounting 7th Ed. PHI learning Pvt. Ltd. Carl, S. , James, M. , Jonathan, E. (2008) Accounting. Cengage Learning. Jerry J. , Donald, E. , Paul, D. , Barbara, T (2004). Accounting Principles, Part 1. John Willey Sons

The Unbiased Predictors Of Future Spot Rates Finance Essay

The Unbiased Predictors Of Future Spot Rates Finance Essay Market efficiency is a concept that is controversial and attracts strong views, pros and cons, partly because of differences between individuals about what it really means and partly because it is a core belief that, in large part, determines how an investor approaches investing. This report provides a simple definition of market efficiency considers the implication of an efficient market for investors and summarizes some of the basic approaches that are used to investment schemes, thereby proving or disproving market efficiency. Besides this, in this report I am going to examine whether the forward exchange rates are unbiased predictors of future spot rates or not. As foreign exchange markets are composed of various theories and internationally accepted principles there are no consensus about the theories and implications. Efficient market Levich (1983) defines an efficient market as a market, where prices fully reflects all available public and private information. Efficient market is the market in which the security prices reflect all available information and adjust instantly to any new information. It therefore means that the market is efficient when forward rates accurately forecasts future spot rates. Salavatore (1993) argues that markets are efficient when prices correctly reflect the scarcity of the various resources resulting in allocation efficiency. Efficiency therefore, will also mean that economic agents will not be able to earn unusual profits by exploiting the available information. The history of efficient market hypothesis could be traced back at least to the 1920s. In modern times Fama (1970) is credited as presenting a scholarly abstraction of efficient market hypothesis (EMH). According to his definition, there are three types of efficient market, depending upon the extent of the information reflected in the market: Weak form: a market is said to be weak-form efficient if there is no relationship between the past price changes and the future price changes, in short the prices are independent. No trading rules can be developed to make abnormal returns based on the past history of an assets prices or returns. Semi-strong form: semi-strong form EMH states that no abnormal profits or returns can be made by developing a trading rule based on publically available information. The semi-strong from encompasses the weak form because past history is publically available. Public information also includes non-market information, e.g. economic news, company accounts and stock splits. Strong form: In a strong efficient market not only public but also private information is available which can tell about future spot rates. Therefore no group of investors will be able to consistently derive any above-average profits. So the strong form states that the market should be perfect in which all the information is available to everyone at the same time. Efficient market hypothesis The efficient market hypothesis (EMH) has played an important role in understanding foreign exchange market efficiency especially in the past few decades. It states that if economic agents are risk-neutral; all available information is used rationally; the market is competitive; there are no taxes, transaction costs, or other frictions; then the foreign exchange market will be efficient in the sense that the expected rate of return to speculation in the forward exchange market will be zero (Geweke and Feige, 1979 and Hansan and Hodrick, 1980). The EMH also implies that since forward rates fully reflect available information concerning investors expectations of future spot rates, the forward rates should be unbiased forecasts of the future spot rates. Technically, an efficient market is one in which observed exchange rate deviations from their long run value can be explained within information and transaction costs. So, in the absence of any new and relevant information, exchange rate s will reflect their fundamental values and there will be no opportunities for deriving above-average profits. Thus excess profit or return from business can be defined as: Zj, tâ‚ ¬Ã‚ «1 rj, tâ‚ ¬Ã‚ «1 E (rj, tâ‚ ¬Ã‚ «1 It) â‚ ¬Ã‚ ½Ã¢â€š ¬Ã‚  Ã¢â€š ¬Ã‚  Ã¢â€š ¬Ã‚ ­Ã¢â€š ¬Ã‚   (1) Where rj, t+1 is the actual one period rate of return for holding currency j in the period ending at time t+1 and E (rj, t+1|It) is the expected value of that return conditional on the information set available at t. according to equation the foreign exchange market is efficient if, on average, expectation errors are zero. [E (zj, t+1|It) =0] and these errors follow no pattern that might be exploited to produce profits (zj, t is uncorrelated with zj, k+1 for any value of k). . Implications of EMH in exchange rates In the case of exchange rates, a serious complication exists in the application of the EMH. At one time, it was assumed that the forward exchange rate represented the markets expectation of the actual future value of the exchange rate. However, it is now realized that this need not be the case if risk aversion is a significant factor limiting international capital flows. Alternative theories about the causes of the bias in the forward rate are surveyed by Froot and Thaler (1990). A necessary arithmetic relation exists between the forward rate and the interest differential. For example, if the Canadian interest rate is 1 percentage point higher than its U.S. counterpart, then the one year forward rate for the Canadian dollar must represent a 1 percent depreciation of the Canadian dollar vis-a-vis the U.S. dollar. This is called covered interest arbitrage, and if it did not hold then an opportunity would be available to make a riskless excess profit by lending in one country or the oth er. The forward rate is the mirror image of the interest rate differential that prevails between Canada and the United States, and in principle either one of the could be the cause of the other. If the forward rate were the markets actual expectation of the future value of the spot exchange rate, it would imply that interest rate differentials are determined by the expected change in the exchange rate embodied in the forward rate. In that case, Canada could have a higher interest rate than the United States only because the market expected the Canadian dollar to decline correspondingly in the coming year. To sum up, two alternatives are possible as to what the actual market expectation of the dollars future value is. Suppose the spot rate is 80 cents, the one-year forward rate is 77 cents, and the Canadian one-year interest rate is 3 percentage points higher than its U.S. counterpart. This could mean either: The market expects that the Canadian dollar will decline 3 percent over the coming year, and this is why money does not continue to flood into Canada until it eliminates the interest differential. (This would imply that the forward rate is the EMH predictor of the one-year-ahead exchange rate, because it always shows a 3 percent depreciation when the Canadian interest rate is 3 percentage points higher). Alternatively, the market expects the exchange rate to stay about where it is now. In that case, why doesnt an infinite amount of money flood into Canada to eliminate that wide interest differential? Because, while the central expectation is that the Canadian dollar will remain unchanged, there is a perceived risk that it might depreciate as much as, perhaps, 10 percent, and it may also appreciate 10 percent. But if investors are risk averse, they will put greater weight on the risk of depreciation, and limit their investments in Canada at such a point that the Canadian interest rate remains well above the U.S. interest rates. Either one of these alternatives is possible. Therefore, EMH does not make any clear prediction about what the future value of the dollar will be. Forward exchange rates are unbiased predictors of future spot rates Forward rate is the currently determined rate of exchange for a transaction to be carried out in the future. For example, the 90-day forward rate is the exchange rate to be applied to a transaction which is agreed to be completed at the end of 90 days from the date of agreement. The spot exchange rate prevailing in the market at the end of the 90-day period may be referred as the future spot rate. To find whether forward rate can be used to predict the future spot rate or not, there is a hypothesis, which postulates that the forward exchange rates are unbiased predictors of future spot rates in the exchange market. Technically speaking, an unbiased predictor is one that is just likely to overestimate as to underestimate a value, but these errors in the opposite directions are likely to offset each other in the long run. As discussed above this hypothesis is based on the assumption that for the major free floating currencies, the foreign exchange markets are reasonably efficient. Let us discuss this in light of an example: The 30-day forward rate of British Pounds is $1.40 and the general expectation of speculation is that the future rate of pound will be $1.45 in 30 days. Since speculator expect the future spot rate to be $1.45 and then sell them when received (in 30 days) at the spot rate existing then. If their forecast is correct, they will earn $.05 per pound, i.e. $1.45 $1.40. If a large number of speculators implement this strategy, the substantial forward purchases of pounds will cause the forward rate to increase until the speculative demand stops. Perhaps this demand will terminate when the forward rate reaches $1.45, since at this rate no profit will be expected by implementing the strategy. Thus the forward rate moves toward the markets general expectation of the future spot rate. In this sense the forward rate serves as the market based forecast of predictor of the future spot rate, as it reflects the markets expectation of the spot rate at the end of the forward horizon (30 days in this case). It can also be implied, If todays expectation of future exchange rate is unbiased, and if the forward and future prices equal that expectation, we would find that todays forward, on an average and in the long run equal the subsequently observed spot exchange rate. Thus there are two things to be considered: first, does the forward price equal the markets expectation of the future exchange rate? Second, is todays expectation of the future spot exchange rate unbiased? That is, does todays expectation of the future spot exchange rate equal the actual observed rate? Unfortunately, there is no truly accurate way to observe todays market expectation of future exchange rates. Therefore, most tests assume that the market expectation is an unbiased estimate of future spot exchange rate. Under this assumption scholars have tested the relationship between the forward and observed spot rate. They test the following equivalence: F0, t = St à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ (1) Where, F0, t = the forward price at t=0 for contract expiring at time t and St = the spot exchange rate observed at time t. Testing the equivalence in above equation determines whether the forward price is a good estimate of the future spot rate of exchange. Even if there are large deviations between the two prices in equation, it is still possible that the forward price would provide a prediction of the future spot rate. An unbiased predictor is a predictor whose expected value equals the variable being predicted. In other words, if the quantity F0, t St equals zero, on average, the forward prices would provide an unbiased estimate of the future spot rate of exchange. Although the forward rates are predictors of future spot rates, but only in the condition of risk-neutrality. If risk neutral spectaculars are available in sufficient quantity, their profit-seeking activity will drive the future prices toward equality with the expected future spot price. And there are many factors which affect the future spot exchange rates like interest rates, inflation rates and price levels. So, the linkages among interest rates, price levels, expected inflation and exchange rates emphasizes the fundamental relationship that exists between the forward and future foreign exchange prices, on the one hand, and the expected future value of the currencies, on the other. To investigate this relationship let us consider the table shown in appendix. It can be seen that in the left panel, a set of consistent exchange rates, interest rates, expected inflation rates and tortilla prices are presented for March 20, 2009. The right panel presents the expected spot exchange rate for March 20, 2010, along with expected tortilla prices, consistent with the expected levels of inflation in Mexico and United States. Assuming, all of these values hold and that the expected spot exchange rate in one year is MP 11 per dollar. With the Mar, 2010 future prices of 10.45 MP/$, a speculative opportunity exists as follows. A speculator might buy futures contract for the delivery of dollars in one year for MP 10.45/$. If the expectation that the dollar will be worth MP 11 in one year, will be correct, the speculator will earn a profit that results from acquiring a dollar via the futures market for MP10.45 and selling it for the price of MP 11. If we assume that risk-neutral speculators are present in the foreign exchange market, the discrepancy betwe en the future prices of 10.45 MP/$ and an expected spot exchange rate of 11 MP/$ (at the time the future contract matures) cannot exist. In fact, given a profusion of risk-neutral speculators, the only expected spot exchange rate to prevail on March 20, 2010, which would eliminate the incentive to speculate, would be 10.45 MP/$. Of course, different market participants have different expectations regarding inflation rates and expected future spot exchange rates, and this difference in expectations is the necessary requirement for speculation. No predictor is perfect; therefore, it is possible that the forward or future prices may seem to be error-ridden. While earlier studies generally found that forward exchange prices are were predictors of future spot rates, later studies clearly find bias and large errors in the future forecasts of subsequent spot prices. In summary, the errors in forecasts of future exchange rates appear to be large and biases do seem to exist in these forecasts, although the biases appear to be too small to allow profitable exploitation of efficient markets. Conclusion: Famas 1965 insight- Efficient Market Hypothesis (EMH) irreversibly changed the way we look at financial markets. The impact of the theory of efficient markets has proven to be durable and seems likely to continue to be so, despite its inevitable and painfully obvious limitations. And there have been a number of studies of the forecasting accuracy of future and forward exchange rates. Most of these studies find significant errors or biases in the future based forecasts. However, compared with most professional forecasting services, the forward exchange rates still provides a superior forecast of future spot rates. Only if the investors are risk-neutral, then the forward rates may be a guide for predicting and determining the future spot rate. But normally, the investors are risk- averse and they need some amount of premium over and above the forward rate and because of this premium the forward rate alone cannot shape the future spot rate. References: Aggarwal, R., Mohanty, K.S. Lin, T.W. (2008). Are forward exchange rates rational forecast of future spot rates? An improved econometric analysis for the major currencies. Multinational finance journal. 20 (2), pp-22-25. Ball, R. (2009). The global financial crises and the efficient market hypothesis: what have we learned? Journal of applied corporate finance, forthcoming. November, 5. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1502815 Accessed at: 1st May, 2010 Buser, A.S., Karolyi, A.G. Sanders, B.A. (1996). Adjusted forward rates as predictors of future spot rates. April, 1996. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=40165 Accessed at: 3rd May, 2010 Fama, E. (1970). Efficient capital markets: A review of theory and empirical work. Journal of finance, 25, pp- 383-417. Froot, Kenneth A   Thaler, Richard H,  1990. Foreign Exchange, Journal of Economic Perspectives, American Economic Association, vol. 4(3), pages 179-92 Geweke, J. Feige, E. (1979). some joint test of efficiency of markets for forward foreign exchange, review of economics and statistics, 61, 334-41 Hansen, L.P. Hodricks, R.J. (1980). Forward exchange rates as optimal predictors of future spot rates: An economic analysis, Journal of political economy, 88, 829-53. Kolb, W.R. Overdahl, A.J. (2007). Futures, options and swaps (5th Eds). Oxford: Blackwell publishing. Kumar, V.R. (2007). Testing forward rate unbiasedness in India: an econometric analysis of Indo-US forex market. International research journal of finance and economics, 12(4), pp 56-66. Levich, R.M. (1983). Exchange rate forecasting techniques, in George, A.M and Giddy, I.H. (Eds). International finance handbook. New York: Wiley. Nguyen, J. (2004). The efficient market hypothesis: Is it applicable to the foreign exchange market? Economics working paper series. University of Wollongong. Available at: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012181.pdf Accessed at: 30th April, 2010 Salvatore, D. (1993). International economics. New York: Mac Millan Publishing. Sarno, L. Taylor, P.M. (2002). The economics of exchange rates. Cambridge: Cambridge university press. Sharan, V. (2009). International financial management (5th Eds). New Delhi: PHI. Stanley, M. (2009). Market efficiency and risk management. The journal of applied corporate finance, 21(4), pp- 98-99.

Regression Analysis for the Netherlands

Regression Analysis for the Netherlands TABLE OF FIGURES AND GRAPHS Table 1: Coefficients of estimated OLS model Table 2: Analysis of Variance and F-statistic Table 3: Paired t-sample tests Table 4: Analysis of Variance for pre structural break (b,c) Table 5: Analysis of Variance for post structural break (b,c) Table 6: Analysis of Variance and F-statistic Table 7: Pearson’s Correlations Graph 1: Scatterplot with best fit line Graph 2: Simple scatterplot of imports Introduction The following document analyses the import aggregate demand for the Netherlands utilising data from the first quarter 1977 to the first quarter 2006. The aim is to determine the relationship between imports and five explanatory variables: relative prices (measured as the ratio of import to domestic prices), household consumption expenditures, government consumption expenditures, investment expenditures and exports. A regression utilising Ordinary Least Squares is run and then a series of analyses is done on the results of the estimated model. Model Estimation Data for the Netherlands was obtained from 1st quarter 1977 to 1st quarter 2006 from the International Monetary Fund’s International Financial Statistics, giving a sample population N = 117 and 116 degrees of freedom. It is worth noting that due to the use of the euro to report Netherland’s accounts starting in 1999, there was a break in the information presented as they were in two currencies pre 1999 (in Dutch gulden) and post 1999 (euros). In order to overcome this, all of the data was transformed into Dutch gulden, using the official euro/gulden exchange rate at the time of the entry of the euro. To prepare the data for the regression, the natural log of the values for imports (M), relative prices (RP)—the index of import prices to consumer prices, household consumption expenditure (HC), government consumption expenditure (GC), investment expenditure (INV) and exports (EXP) were taken. By using SPSS to estimate the model via Ordinary Least Squares, the aggregate demand function (utilising the unstandardised coefficients) is estimated as: M = 0.071 – 0.966 RP – 0.328 HC – 0.171 GC + 0.286 INV + 0.808 EXP Std errors: (0.041) (0.022) (0.053) (0.035) (0.033) (0.026) The model has an adjusted R2 = 0.992, indicating that 99.2% of the variance in imports is explained by the relative price and the four expenditure components. It has a standard error of regression of 0.02715. With regards to the explanatory variables included in the regression, by analysing their t-values we are able to determine that each coefficient is statistically significant at all levels. Table 1 shows the results of the estimated coefficients along with their corresponding t-values and significance values. Table 1: Coefficients of estimated OLS model a Dependent Variable: LN_M Plotting the values of imports (as ln(M)) with regards to the standardised predicted values from the model, we get the best-fit curve shown in graph 1. Graph 1: Scatterplot with best fit line Interpretation of slope coefficients The estimated coefficients from the regression above can now be interpreted. The results are presented again for ease of reading: M = 0.071 – 0.966 RP – 0.328 HC – 0.171 GC + 0.286 INV + 0.808 EXP In general terms, each slope coefficient is the import elasticity with respect to each of the equation components: relative prices, household consumption, government consumption, investment expenditures and exports. Following is the explanation for each coefficient: machinery and transport equipment, chemicals, fuels, foodstuffs, clothing from germ, belg and china ÃŽ ²2 = -0.966 represents the relative price import elasticity. This implies that a 1% increase in relative prices causes a reduction in imports of 0.966%. This is basically a unitary elasticity, the effect of a change in relative prices is almost identically reflected on imports. This occurs primarily in countries with an open economy that thrives on the balance of trade. Additionally, since the Netherlands’ most important trade partners are within the European Union, who use the same currency, the relative prices are similar for them. (Atlapedia Online, 2006) ÃŽ ²3 = -0.328 represents the elasticity of imports with respect to household consumption expenditure. It implies that a 1% increase in household consumption expenditure will translate into a 0.328% decrease in imports. The import elasticity of household consumption is inelastic. Household consumption has a small effect on imports, as although Netherlands does import foodstuffs and clothing, the bulk of imports is for machinery and transport equipment as well as chemicals, which have no relation with household consumption. (CIA World Factbook, 2006) ÃŽ ²4 = -0.171 represents the import elasticity with respect to government consumption expenditures. It follows that a 1% increase in government expenditure will result in a reduction in imports of 0.171%. The import elasticity of government consumption is highly inelastic. Due to the nature of imports mentioned in the paragraph above, it is logical to assume that the import composition is not widely affected by government consumption, except maybe in the import of fuels. ÃŽ ²5 = 0.286 is the import elasticity with respect to investment expenditure. It is a positive inelastic import elasticity as a 1% increase in investment expenditure will result in a 0.286% increase in imports. This makes sense with reality since investment expenditures are in part for importing machinery and transport goods. ÃŽ ²6 = 0.808 is the import elasticity with respect to exports. It shows that a 1% increase in exports will result in a 0.808% increase in imports. This elasticity is also elastic, although it is more similar to the relative price import elasticity, approximating unit elasticity. This also reflects the Netherlands’ open economy and its active trading with neighbouring countries as a result of forming part of the European Union. Overall significance of the regression Now that we have seen the interpretations of each of the coefficients of our estimated model, and having seen that they are all statistically significant, we have to analyse whether the model as a whole is statistically significant. This is done by analysing the F-value of the regression. If the value of F is sufficiently large with a high confidence level, then it follows that the estimation we have done does indeed predict some of the values we have observed and the regression is statistically significant. For this regression, SPSS calculates the F-value as 2784.8, which is statistically significant at all confidence levels. As mentioned above, this confirms the validity of the predicted equation in estimating the values of the components of imports. Table 2 below presents SPSS’ results for the F-statistic and Analysis of Variance for our model. Table 2: Analysis of Variance and F-statistic a Predictors: (Constant), LN_EXP, LN_RP, LN_INV, LN_GC, LN_HC b Dependent Variable: LN_M Test of equality of import elasticities After having tested that the model as a whole is statistically significant, we will now test whether each of the import elasticities of final expenditures are equal amongst themselves. In order to do this, we will use a paired t-test, which will compare each elasticity against each other and determine whether the differences between them are statistically significant or not. If they are not statistically significant, then the elasticities are the same. In the case of our estimated model, the t-statistics are significant at all levels for all of the relationships. This means that we cannot conclude that each of the import elasticities is the same, rather they are statistically significantly different from one another. Table 3 shows the results provided by SPSS’ paired t-test for each of the import elasticity relationships tested: Table 3: Paired t-sample tests The Behaviour of Imports from 1977 to 2006 Having verified that our model is statistically significant and that each elasticity of imports is different, we now analyse the behaviour of imports during our sample period. The easiest way to do so is graphically. Using the scatterplot function from SPSS we plot the observed values of the Netherlands’ imports from 1st quarter 1977 to 1st quarter 2006. Graph 2 below shoes this relationship: Graph 2: Simple scatterplot of imports A structural break in imports From the graph above, there seems to be a structural break around 2nd quarter 2002. This would make sense since it was around this time that the actual euro currency replaced the Dutch gulden (and all other European currencies for that matter). Such a significant change would be reflected in imports. The actual occurrence of such a break, can be tested statistically using our observed data. This is done via a Chow Test, where we test whether the coefficients in our estimated equation are the same before and after the suspected structural break point, Q2 2002. However, since SPSS does not have a command for the Chow Test, we do this analysis by calculating an incremental F-value from a constrained (the model divided into the two periods pre Q2 2002 and post Q2 2002) and an unconstrained model (our original estimation). The constrained model used divides our data into two, as mentioned above. The group labelled as â€Å"pre† represents observed values from Q1 1977 to Q2 2002, whilst the group labelled â€Å"pos† represents values from Q3 2002 to Q1 2006. Running a regression and using the Anova functionality on the constrained model yields the results presented in tables 4 and 5. : Table 4: Analysis of Variance for pre structural break (b,c) a Predictors: (Constant), LN_EXP, LN_RP, LN_INV, LN_GC, LN_HC b Dependent Variable: LN_M c struct_break = pre Table 5: Analysis of Variance for post structural break (b,c) a Predictors: (Constant), LN_EXP, LN_HC, LN_INV, LN_RP, LN_GC b Dependent Variable: LN_M c struct_break = pos Utilising the above with the results from the original unconstrained model: Table 6: Analysis of Variance and F-statistic a Predictors: (Constant), LN_EXP, LN_RP, LN_INV, LN_GC, LN_HC b Dependent Variable: LN_M the incremental F-value is calculated using the residual sums of squares and degrees of freedom of the constrained and unconstrained models. In this case as: F6,105 = [(0.063 -0.082)*(117 – 2*5-2)] / (0.082 * 6) = -4.05 The f-value of -4.05 when compared to the critical value of F6,105 = 2.19 at the 5% confidence level and 2.98 at the 1% confidence level, causes us to reject the null hypothesis which means that there is a difference in the coefficients between the â€Å"pre† and â€Å"pos† periods we chose. This confirms that there was a structural break in the 2nd quarter of 2002. Autocorrelation We can now check if our estimated model suffers from autocorrelation by examining the Durbin-Watson statistic. According to a statistical table for Durbin-Watson statistics, the critical values for the Durbin-Watson statistic with N = 117 and k = 6, at the 5% confidence level are dL = 1.61045 and dU = 1.78828. In this model, the D-W statistic was calculated by SPSS as 0.661. This implies that the model does suffer from autocorrelation, as the statistic falls below the lower critical value. It has positive autocorrelation. To correct this, we have to determine whether or not the aggregate demand relation is in fact linear, otherwise we need to choose a different functional form and re-run our regression. If we do have the correct functional form, we need to determine whether there are any other variables which can be included in the model to help explain the effect on imports and which may eliminate this autocorrelation. Any changes that are made to the model or the data itself will i mply that a new regression must be run and new tests for autocorrelation carried out until this problem is eliminated. Correlation of final expenditure components Only because the model as a whole suffers from autocorrelation, it does not mean that each of the explanatory variables is significantly correlated. In order to test this, we must calculate Pearson’s correlation coefficient. SPSS can calculate these coefficients by analysing the relationship between each one of the variables with the others in the equation. Table 7 below shows the results from SPSS, as well as the statistical significance of each of the calculated correlation coefficients. Table 7: Pearson’s Correlations ** Correlation is significant at the 0.01 level (2-tailed). As can be seen, all of the correlation coefficients are statistically significant at all levels, thus they are positively correlated. The highest correlations are between household consumption expenditures and the other three expenditure components: government consumption, investments and exports with correlation coefficients of 0.954, 0.950 and 0.933 respectively. This means that these variables vary together in a linear manner. Due to this high level of statistically significant correlation, the premise of regressing the model via OLS and the corresponding interpretations are put into question, as one of the basic premises is that the value of each coefficient represents the change it causes on the independent variable, leaving the rest of the explanatory variables unchanged. Yet, if they are so highly correlated, you cannot assume that they can ever be unchanged. Conclusions Through the analysis of the Netherlands’ quarterly statistics on imports, relative import/domestic prices, household consumption, government consumption, investments and exports, we estimated via OLS a model to explain elasticity of imports. We underwent a series of analysis of the results of the model, finding that our estimate is statistically significant, as are each of the individual import elasticities. Additionally, we were able to demonstrate that the switch of currency to the euro caused a structural break in the import relationship. Notwithstanding this, the estimated model suffers from autocorrelation, which brings into question whether the OLS approach and its findings are in fact correct. Additionally, the high correlations that exist between the various expenditure components also puts into question our interpretations of the estimated coefficients, as none of them can be fully isolated to measure the effect on imports. References Atlapedia Online, 2006, Netherlands [online], available at: http://www.atlapedia.com/online/countries/netherla.htm [accessed 12 December 2006] Biokin, Ltd., 2006, Critical values of F-statistics [online], (updated 16 November 2006), Available at http://www.biokin.com/tools/fcrit.html [accessed on 10 December 2006] Central Intelligence Agency, 2006, The World Factbook: Netherlands [online], updated on 30 November 2006, available at: https://www.cia.gov/cia/publications/factbook/geos/nl.html [accessed on 11 December 2006] Critical Values for the Durbin-Watson Test: 5% Significance Level [online]. Available at: http://www.stanford.edu/~clint/bench/dw05b.htm [accessed 10 December 2006] Hamilton, J.D., 1994, Time Series Analysis, New Jersey: Princeton University Press. International Monetary Fund (IMF), International Financial Statistics (IFS) November 2006, ESDS International, (MIMAS) University of Manchester.

Essay on the Outdated Themes of Taming of the Shrew :: Taming Shrew Essays

The Outdated Themes of Taming of the Shrew The play, Taming of the Shrew is one of Shakespeare’s comedies. It portrays the humorous events regarding the suiting of Kate, a shrew dwelling in the city of Padua. It portrays many ideas about love and marriage that do not quite fit with our current views and what we know about relationships. It can be argued that the comedy of the play makes it universal, but it contains some themes that will not be received in the same light as they were during Shakespeare’s time. The comedy is still mostly universal. The visual comedy in the play, like Kate falling off of her horse into the mud, is still universally appealing. The comedy of actions is also equally universal. For example, Petruchio’s actions would be just as humorous now as they were in Shakespeare’s day. But, the situations that erupt from his actions are sometimes questionable in whether they are humorous or if they border into off-color disrespect for Kate, or females in general. The majority of the play is universal, but I feel the major themes the play puts forth are a little outdated and lacking of respect. The major theme is portrayed by the attitude towards marriage shown in Petruchio and Kate’s relationship. First the relationship was started entirely against the wife’s will, and for the fiscal benefit of the husband, with no intent of love involved. This is especially shown when Kate walks onto the roof of her father's house. The first thing that Petruchio does is states his worries about loosing not Kate, but his "20 thousand crowns," that he was promised if he wed Kate. Petruchio used his wife only as a stepping block, and later after "taming" her, used her as a status symbol. His method of "taming" her was suppressive, and locked her into a position she did not willingly want to be in. After she was tamed, she stopped speaking of her feelings and misgivings honestly, and suppressed them. In a relationship, the second most important thing is to be able to openly share and reveal your feelings, which is not what the play of this play shows. In the play, Kate is forced to suppress her feelings just to get food, or to be able to visit her friends and family. Petruchio "tames" Kate by rewarding her for being obedient, and punishing her when she disagrees with him. Essay on the Outdated Themes of Taming of the Shrew :: Taming Shrew Essays The Outdated Themes of Taming of the Shrew The play, Taming of the Shrew is one of Shakespeare’s comedies. It portrays the humorous events regarding the suiting of Kate, a shrew dwelling in the city of Padua. It portrays many ideas about love and marriage that do not quite fit with our current views and what we know about relationships. It can be argued that the comedy of the play makes it universal, but it contains some themes that will not be received in the same light as they were during Shakespeare’s time. The comedy is still mostly universal. The visual comedy in the play, like Kate falling off of her horse into the mud, is still universally appealing. The comedy of actions is also equally universal. For example, Petruchio’s actions would be just as humorous now as they were in Shakespeare’s day. But, the situations that erupt from his actions are sometimes questionable in whether they are humorous or if they border into off-color disrespect for Kate, or females in general. The majority of the play is universal, but I feel the major themes the play puts forth are a little outdated and lacking of respect. The major theme is portrayed by the attitude towards marriage shown in Petruchio and Kate’s relationship. First the relationship was started entirely against the wife’s will, and for the fiscal benefit of the husband, with no intent of love involved. This is especially shown when Kate walks onto the roof of her father's house. The first thing that Petruchio does is states his worries about loosing not Kate, but his "20 thousand crowns," that he was promised if he wed Kate. Petruchio used his wife only as a stepping block, and later after "taming" her, used her as a status symbol. His method of "taming" her was suppressive, and locked her into a position she did not willingly want to be in. After she was tamed, she stopped speaking of her feelings and misgivings honestly, and suppressed them. In a relationship, the second most important thing is to be able to openly share and reveal your feelings, which is not what the play of this play shows. In the play, Kate is forced to suppress her feelings just to get food, or to be able to visit her friends and family. Petruchio "tames" Kate by rewarding her for being obedient, and punishing her when she disagrees with him.

Deception in Hamlet :: essays research papers

Deception is a recurring theme in Hamlet. In a tale of murder, love, and politics, deception could have no more fitting place. The lies and pretensions interweave each other, and there is no character left out of this web. All the central characters have their secrets to hide and mistruths to spread, and this is central to the plot and its progression.   Ã‚  Ã‚  Ã‚  Ã‚  King Claudius deceives all those around him with his mourning and celebrating demeanor, and his strange celebration and waking. He seems to grieve for the brother that he slew, and works to console all others that may or may not grieve for his brother’s death, such as his nephew and step-son Hamlet. His pretense is great, and forces Hamlet to investigate the truth of the ghost’s tale, unraveling the mystery of his father’s death and others’ involvement.   Ã‚  Ã‚  Ã‚  Ã‚  Prince Hamlet has perhaps the most devious series of deceptions in the tragedy. He feints madness, in order to soften up the minds of those he seeks to learn information from, by putting them off their guard. Hamlet also sets in motion a plan to discover his uncle’s guilt in the murder of his father through a play within a play within a play, aptly named â€Å"The Mousetrap.† His clever pretension also leads Polonius astray in his presumption as to the cause of Hamlet’s supposed strange manner and Ophelia to believe that his love for her has gone with his sanity.   Ã‚  Ã‚  Ã‚  Ã‚  Ophelia is also key in the theme of deception in the play. However, she is more so privy to the intentions of others to deceive than to her own. Her lies are merely a sense of self-preservation in a world dominated by men. She deceives Hamlet on her feelings for him at the behest of her father, Polonius, in his scheme to determine the true cause of Hamlet’s strange behavior. Ophelia in turn is actually herself deceived by Hamlet’s scheme to feint madness. Essentially she is the channeling of Polonius’ plot of political investigation, and as used as she may be by all sides, she is not seriously affected by it towards the end of Act III, other than through the death of her oppressive father.

“Immigrant” becomes dirtiest word as Americans are told to speak English

A recent article from the Independent Newspaper's correspondent in New York brings to our attention â€Å"the current mood of xenophobia† in the USA. After approximately two centuries of welcoming immigrants from around the world, it would seem that the Americans have begun to mistrust and to some extent, even fear the very people that have historically given them such a dynamic and diverse country, namely, foreign immigrants. There are several reasons for this recent shift in perspective, two of which are, recent terrorist attacks on American servicemen in Saudi Arabia and an explosion on an American airline flight, that foreign terrorists caused some people suspect. Historian, Arthur Schlesinger has spoken on â€Å"the tribalization of American life† and appears to be suggesting that the different ethnic groups in America are arranging themselves into their own groups and not crossing ethnic boundaries. One symptom of this seems to be the gang culture that exists, where each gang is alleged to be made up from members of the same ethnic group. A key factor in this is language, generally people who only speak one language find it difficult to mix with other ethnic groups or cultures, or indeed find it difficult to understand other cultures viewpoint. As a result of all of these difficulties, the government has introduced a bill called â€Å"The English Language Empowerment Act† the main purpose of which is to make English the official language of America. It is perceived by Republicans, that this Act will encourage immigrants to learn English, as it will be difficult, if not impossible for them to understand federal documents that are written in English. The Act has already been criticised for infringing on American's right to free speech and making it difficult for non-English speaking Americans to receive or even understand information or ideas. It is a safe assumption to make, that if people can't speak English, then they will be unable to understand written English. This argument would seem to carry a significant amount of weight. People have put forward the argument that this Act is connected with attitudes towards Immigrants. This argument seems to be borne out by the fact that there is nothing in the Act that will help to actually teach people how to speak or read English, rather it seems to punish those who can't by denying them access to written information. It has also been pointed out by opponents to the Act, that ninety seven percent of Americans speak English already and a very small proportion of government documents (around one percent,) are actually written in a foreign language. Some people looking at these statistics, would argue that there is no need for this Act, unless it were to force people into becoming â€Å"more American† and punishing those who preferred to stick to their own language and culture. This argument seems to be borne out further by another piece of Republican proposed legislation, the welfare reform Bill. One provision of this Bill would be that, immigrants who are in America quite legally, but are not yet citizens, would not be eligible for state welfare benefits, yet another form of â€Å"immigrant bashing† some might say. Hot button as mentioned in the article; a controversial thing of the moment, it is a happening now situation. Enduring canard, a lasting ongoing issue, to accept with a certain amount of tolerance regarding political correctness, in this case a probability that it has come about in the course of sensationalism and cock-and-bull story of this report in America's newspapers. Polyglot America Speaking, reading and writing many different languages, in this case America.

Why People Want to Study in My University

Why people want to study at FMI Plovdiv University Essay People study in Plovdiv University for many different reasons. I think the most important reason is to gain more knowledge and develop their skills in an area. Of course, there are also many other reasons that people study in the university such as to get more friends. These days, most jobs require people who are educated and have good job skills. Therefore, the people who want a good job have to study hard and at least graduate with a high education.I think that Plovdiv University is the right place to acquire an increased knowledge, especially professional knowledge for a particular job. The new, valuable experiences people get while studying at Plovdiv University are another good reason. Going to the university is so much different from high school, it’s like living in a new environment. For many students away from their home and family, the university is the new home where they’ll have an independent life.This is where they get’ll get to know new people, experience new things and prepare for the life in the future. So, besides the knowledge, people want to study here because they want to see what it’s like living in the real world. Plovdiv, as a big city, offers lots of new experiences and opportunities, especially for people coming from small cities. People want to study in Plovdiv university because of the variety of courses they can choose from, the quality of education they get, and the opportunities the big city (Plovdiv) offers after graduation.

Derrick Bell’s “Space Traders” Essay

In looking at Derrick Bell’s â€Å"The Space Traders† as an allegory, the characters personify the abstract subjects of late twentieth-century racial politics. In the text the politics of the United States revolves around anti-black thinking, and many white subjects believe that all the environmental and economical problems in the U.S. is due to the black race. Secondly, â€Å"the space trade† comprehends Bell’s concept of â€Å"the permanence of racism† in the Unites States. Bell believes that â€Å"the space trade† is somewhat familiar to the first African slave trade, and that these two events occur because of â€Å"the permanence of racism† in our society and the structures that allow this repetition to exist. In this essay I will discuss the political positions of the subjects in â€Å"The Space Traders† and the extent in which they personify late twentieth-century racial politics, and then analyze â€Å"the space tradeâ⠂¬  and comprehend it with Bell’s belief in â€Å"the permanence of racism† in the United States. In â€Å"The Space Traders†, Gleason Golightly, a black economics professor who is an unofficial cabinet member of the president, believes that black people need to stand on their own feet. Although he always has good intentions for the black race, he is considered an Uncle Tom by the black community because of his political positions. In â€Å"The Space Traders†, Golightly says, â€Å"As you know, Mr. President, I have supported this administration’s policies that have led to the repeal of some civil rights laws, to invalidation of most affirmative action programs, and to severe reduction in appropriations for public assistance. To put it mildly, the positions of mine that have received a great deal of media attention, have not been well received in African-American communities. Even so, I have been willing to be a ‘good soldier’ for the Party even though I am condemned as an Uncle Tom by my people. I sincerely believe that black people needed to stand up on their own feet, free of special protection by civil rights laws, the suffocating burden of welfare checks, and the stigmatizing influence of affirmative action programs. In helping you undermine these policies, I realized that your reasons for doing so differed from mine. And yet I went along.† Bell personifies Golightly as a black neo-conservative in late twentieth-century racial politics, and because of his conservative beliefs and his continuous support of anti-black views, he is not respected by black subjects. The  aliens in â€Å"The Space Traders† also play a critical role in demonstrating the racial politics that exist in the late twentieth-century. Their actions are similar to that of capitalists because they are only interested in their own needs and wants. Their supremacy in attaining their wants, the African-Americans, is demonstrated when their head alien spoke and looked similar to former Preside nt Reagan. Bell states, â€Å"Then came the second surprise. The leaders of this vast armada could speak English. Moreover, they spoke in the familiar comforting tones of former President Reagan, having dubbed his recorded voice into a computerized language-translation system.† The aliens did their marketing research on what appeals to Americans, and they realized that Reagan’s image, monotone voice, and simple speech is persuasive to white Americans and it reflects what Americans want to see and hear. This persuasiveness inevitably enabled the aliens to take all black subjects back to their land. The white cabinet members also play significant roles in â€Å"The Space Traders†. The cabinet members are anti-black activists who disregard the Bill of Rights, and believe that â€Å"the space trade† would guarantee that America would conquer its present problems and be lead to prosperity for at least the next century. In â€Å"The Space Traders†, Helen Hipmeyer, Secretary of Health and Human Services, says, â€Å"A large percentage of blacks rely on welfare and other social services. Their departure would ease substantially the burden on our state and national budgets. Why, the cost of caring for black AIDS victims alone has been ex traordinary†¦Ã¢â‚¬  Hipmeyer strongly believes that black Americans are the reason for all the social and economical problems in the U.S., and that with their departure the nation’s problems could substantially diminish. The Attorney General also believes the aliens offer should be accepted. When speaking to the cabinet members he states, â€Å"Mr. President, I think we could put together a legislative package modeled on the Selective Service Act of 1918. Courts have uniformly upheld this statue and its predecessors as being well within congressional power to exact enforced military duty at home or abroad by United States citizens. While I don’t see any constitutional problems, there would like be quite a debate in Congress. But if the mail they are receiving is anything like ours, then the pressure for passage will be irresistible.† How can the Attorney General not see a constitutional problem with â€Å"the space trade†? In my opinion, the fact that the Attorney  General, and the other white cabinet members, disregard the constitution and are willing to release the blacks without knowing what will come of them, solidifies their lack of ethics and the extent in which politics in the U.S. revolves around anti-black thinking. In â€Å"The Space Traders† the political positions of the characters enables one to determine the extent in which racial politics exists in this country, and the text also analyzes â€Å"the space trade† and comprehends it with Bell’s concept of â€Å"the permanence of racism† in the U.S. In â€Å"The Space Traders†, Bell is able to analyze â€Å"the permanence of racism† by calling attention to the similarities between the past and present history of the United States. He believes that â€Å"the space trade† is very similar to the first African slave trade, and that racism has existed in this country since the founding of the nation to the late twentieth-century. When the White House and Congress first received phone calls and faxes regarding â€Å"the space trade† it was evident that anti-black thinking was a common characteristic of many white subjects. Bell writes, â€Å"At least a third of the flood of phone calls and faxes urging quick acceptance of the offer expressed the view that what the nation would give up its African-American citizens – was a worthwhile as what it would receive. The statement accurately reflected relations at the dawn of the new century. The President had, like his predecessors for the last generation, successfully exploited racial fears and hostility in his election campaign. There had been complaints, of course, but those from his political opponents sounded like sour grapes. They, too, had tried to minimize the input of blacks so as not to frighten away white voters.† This inhumane decision, demonstrated by the white race, to banish all blacks without knowing where they will go solidifies the fact that whites will never allow the black race to become part of the American people. This unethical act toward black Americans allows the reader to understand that racism will continue to exist in the American culture, and that inhumane acts toward man can indeed exist. If the aliens wanted the white race would America be so willing to release them? Absolutely not!! In my opinion, the major motivation for this country is for blacks to not have anything whites do, and by accepting â€Å"the space trade† offer that goal would be accomplished. The fact that the offer was even  considered was unconstitutional, but it just reiterates the reality that throughout American history blacks have always been hated. Professor Golightly was aware of this hatred toward black subjects, and when he spoke to the cabinet members after the trade had been offered he said, â€Å"It is a mark of just how far out of the mainstream black people are that this proposition is given any serious consideration. Were the Space Traders attracted by and asking to trade any other group – white women with red hair and green eyes, for example – a horrified public would order the visitors off the planet without a moment’s hesitation. The revulsion would not be less because the number of persons with those physical characteristics are surely fewer than the twenty million black citizens you are ready to condemn to intergalactic exile†¦Ã¢â‚¬  Bell’s concept of â€Å"the permanence of racism† in the U.S. is comprehended by â€Å"the space trade†, and by looking at â€Å"The Space Traders† as an allegory, one is able to understand that American is not about the will of the people but about who has the power and guns. In â€Å"The Space Traders†, there is a direct correlation between the abstract subjects of late twentieth-century racial politics, and Bell’s concept of â€Å"the permanence of racism† in the United States. Bell’s ability to symbolize the characters in â€Å"The Space Traders†, allows his readers to comprehend his belief that racism will always exist in America. In conclusion, it is my belief that a color line will always exist in the U.S. between white and black subjects, and that this country’s political and social structure is centered on the will of the white race.

What Came Before

Looking back on history is a great way to learn how to improve the future. America is built on The Declaration of Independence which is a solid foundation for establishing how we should look forward. As we progress, we can use the values and principles of the past in addition to the mistakes they may have occurred and create a better future.Lesson 2: The Best of IntentionsWhen looking back over our historical roots, we need to consider both the good and the bad. This is how we learn. We can look at how some groups of people were mistreated. We can see how we can be a better human race. We can see the consequences of past choices. We can evaluate successes and find ways to make them even better in the future. History is a great model for us on how to prepare for the future.Lesson 3: The Devil's in the DetailsAll historical events are significantly impacted by emotions and attitudes at that time. The same is true today. People's perceptions, biases, opinions, reactions, emotions, and a ttitudes influence the entire culture. These details shape the entire environment of America.Lesson 4: Pivot PointsPivot Points occur in everyone's lives. It is a time when we are faced with a critical decision and we are required to use a great deal of courage or effort to move in a new direction. This year I am attending a new high school for my senior year. I am very nervous about this since I really don't know anyone at the new high school and i feel like I will be completely lost. But I also feel like it is the best option for me and that I need to try my best to be successful in doing this.Lesson 5: Illusion vs. RealityI think Hollywood has distorted people's reality. We see in movies and on TV that every story has a happy ending. We learn from video games that is something is in our way we can just fire bomb it. This is not how reality works. Sometimes we have bad days. Maybe even bad years. There isn't always a perfect solution. Not everyone can win every time. We just have to learn to not give up and to keep trying. Even if today is bad, we can try for a better day tomorrow.Lesson 6: Integrity of the MindPart of life is learning how to trust yourself and the decisions that you make. As we start life we are told how to do most new things by our parents or a teacher. But they are not always there to give us step by step instructions. So at some point we need to start trusting our instincts and intuition to determine how to best solve problems and complete tasks. Our mind is constantly learning and growing. Through experience, we can trust the decisions we make as we become more mature.Lesson 7: Modern American TranscendentalismI actually watched the movie So I Married An Axe Murdered with my dad. He loves this movie and thinks it is very funny. I thought it was pretty weird but I laughed in it as well. The poetry was reallyn strange to me. It didn't seem to have a point. And the coffee bar where they did the poetry reading was very strange as well. I li ked part of the movie. But I dont' really see how that style of poem writing is very influential on the literary world.Lesson 8: The Origins of Fear in LiteratureHalf my family really likes scary stuff. Me, my dad, and my sister love scary movies. My mom and two brothers absolutley hate scary movies. Its funny to watch scary movies with all of us and see how scared half my family gets. I think it's really funny actually.Lesson 9: Fear of the UnknownI asked my parents if they remember September 11, 2001 and what they were doing. They both knew exactly where they were and what they were doing. They then talked about other significant historical events in their lives, like when President Reagan was shot and when the Space Shuttle crashed. I think these are defining moments for the country and people truly unite in times of tragedy. I'm not sure what events during my lifetime are like this. Maybe when Trump surprisingly won.Lesson 10: The Great American NovelI have an uncle that always says he's going to retire and write the next great American novel. I never really knew what he meant by this. I think he is just bored with his life. It does seem like all the great, award winning novels were written a long time ago. I wonder if someone I know or go to school with will end up being the author of the next great American novel.Lesson 11: Examples of CourageAt church someone said that the trials and challenges we face today as teenagers are more difficult than the challenges the pioneers faced when crossing the plains. This really made me think because I always thought I would totally hate to be a pioneer with no home and wondering where we would get food each day. But then I thought about the challenges I face each day with school, friends, temptations to do bad things, etc. I think it is very challenging to be a teenager right now.Lesson 12: No Run-of-the-Mill ManI remember reading To Kill A Mocking Bird and how Aticus FInch never waivered on how he stood for what he believed in. I've had friends like this. They are not tempted to do bad things. They always do what is right. I think these kinds of people are very admirable. I hope I can be more like that in my lifetime.Lesson 13: Most People Are NiceI think my generation is much better about seeing the good in all people and being less judgemental about others. My grandparents generation and even my parents generation seem to have many more biases and prejudices against different races, sexual orientation, opposing political beliefs, etc. I think my generation is much more accepting of differences in people. I think this is a very positive thing and I hope that it makes the world a better place as my generation gets older.English – 2nd SemesterLesson 1: Small Towns – Big DreamsI have never lived in a small town. But my grandparents came from small towns. I have visited where they grew up and I don't think I could survive. My grandpa was born in a log cabin in Elmo, Utah. He didn't even have running water. I like all of the luxuries of growing up near a Walmart and McDonalds. I feel like it makes it easier to focus on â€Å"big dreams† if I don't have to worry about where I'm going to get water to survive. Living in a civilized community allows me to dream bigger.Lesson 2: The Harlem Renaissance and BeyondBlack writers have had a great influence on literature and arts. I think it is very valuable to learn from their challenges and struggles. I am happy that even though they have had a lot of adversity, they are now becoming very successful. SOme of the greatest musicians, athletes, politicians and business leaders are blacks. They have overcome many obstacles.Lesson 3: Wars and Wars and WarsGreat lessons can be learned from wars. Wars have lead to us being able to enjoy most of our freedoms. Wars have created more equlality. Some wars stem from selfishness. Some wars are fought to overthrow evil dictators. Some wars have good and bad people on both sid es. People fight wars because they are passionate about their belief so much so that they are willing to risk their lives.Lesson 4: Personal Challenges and ChoicesI have had many challenges in my life. When I was four years old I nearly died from Kawasaki's Desease. I lived at Primary Children's Hospital for several weeks until they were able to diagnose my illness. I have had family challenges like my parents getting divorced. I think these things have made me stronger but they were very difficult at the time.Lesson 5: Who Are We†¦And Who Should We Be?These are some of life's biggest questions. I often wonder what my purpose in life is supposed to be. I think all I can do today is try to be the best person I can with values that can shape the person I want to be. Things like honesty and loyalty are attributes that can benefit me today and for the rest of my life. No matter what I become, these values will make me a better person.Lesson 6: And Where Are We Going?Life is a journ ey and there are many times that I may vere off course. I think each time I get off course, my goal is to try and learn from the experience. Where did I go wrong? What could I have done better? This will help me to navigate better in the future. I can grow from each experience and learn how to be a better person.

Kudler and the True Meaning of Marketing

Use the Virtual Organization link on the student website to access additional company information on Kudler Fine Foods. Write a 1,050- to 1,400-word paper in which you justify the importance of marketing research in developing Kudler Fine Foods’ marketing strategy and tactics. Include the following: Identify the areas where additional market research is needed. Analyze the importance of competitive intelligence and analysis regarding the development of Kudler Fine Foods’ marketing strategy and tactics. A marketing analysis conducted for the Kudler Fine Foods to obtain a complete and comprehensive review of the potential the organizational strategic plan of Kudler fine foods from, marketing view points and, customer viewpoints. Also going through the marketing strategies of Kudler will allow an understanding of the company's competitiveness within the organization and with other known business like Kudler fine foods. This will allow us to tell the weather or not Kudler fine foods is a reliable and successful company or if it needs major improvements to keep up with the standards set forth by the competitors. Kudler Fine Foods has a strong self-driven and determined market and work place. Some ways they make themselves a great part of the exclusive market of fine foods. Some of Kudler’s ways Kudler makes this possible is by the expertise that is given with the gourmet setting at all the locations from the wine to the cheeses and other fine foods. Kudler went over and beyond to make sure the expertise was carried out by the use of the surveys they had customers and visitors to complete in 2010 and 2011. According to these surveys, Kudler showed strengths and weakness that they hold above the competitors are the outstanding customer relations and the enormous selection of the world’s best fine foods. The gourmet food was satisfactory for the money that was spent and appreciated by the majority of their customers. The high quality food for the right price and how the right price is deterred is another fine example of the marketing research. Some weaknesses of Kudler is indicated in the same customer surveys that where received these included the marketing Kudler uses for customer service and the display of the merchandise. In this instance Kudler can easily change the way it displays the merchandise and make the displays more attractive to make the equally appeal the intended customers. This Is a great example of when Kudler needs to do marketing research to help find answers and resources to fix the problems. Excellent customer service is Kudler’s primary focus this was noticed by the majority of the customers that responded to the surveys. It is impossible to please everyone and Kudler knows this, but is striving to do the best job possible. A possible way to change the outlook of some Kathy Kudler could retrain her staff by reminding them of the importance of Kudler’s customers and the service they are given when visiting Kudler fine foods. It is with the upmost importance that business need to remember is that customer service is and should be to upmost priority in a prospering business. Without excellent customer service is it impossible to have a high achieving company like Kudler fine foods Kudler Fine Foods is an astonishing company with the highest goals in providing the upmost best in customer satisfaction to the extent of the capabilities of the gourmet superstar. Kudler is dedicated to making everyone’s experience the best possible. When at Kudler’s they make sure if you can’t find it in the store that they find a way to find it for you. Keeping this in mind Kudler fine foods is a highly competitive business structure with some of the best priorities that there could be. Kudler can and will be a highly remarkable company in the future as long as they keep up the importance of outstanding customer service and relations. Also it is a must that Kudler keeps up with the changing demand structures in the economy to keep a large supply of the demanded goods. With excellent service and an excellent inventory this company will prosper and grow. A Kudler fine food has a mild marketing approach at some point it may be necessary to change the marketing approach to meet the demand of the company and the sales. Keeping a close eye on the market and its competitors is a must. Some down falls of Kudler fine foods could be the focus on the surveys. Lowering the drive for the surveys could help ease some of the customer’s feedback, but with this in mind it may be a necessary to keep the comfort of the customers. Keeping customer satisfaction is a must. At the same time and can be over done in the ways the company harps on the surveys. One possible way of correcting this issue is to simply ask in person if there are any concerns or anything they would like to see. Another way this can be achieved is to have a comment box on the company web site and in the stores. This could be a nonchalant way of getting the information needed without harassing the customers with bothersome surveys. For the most part customers do only gripe or complain if something is wrong. On the other side of this note many customers will let you know if you ask, but the way this is asked can be done in other ways. Some companies use marketing schemes at the checkout such as promotions and bugging customers with questions at checkout this is not always the way to do things though. This type of conduct can annoy and bother customers. An annoyed customer is most likely not going to come back unless they just half to. Keeping competitive and treating customers with the best of care is a quality that is lacking in society and the business community today. Kudler fine food is well on its way to setting the mild stone of the customer relations world. Keeping this standard along with the highest competitive prices and outstanding selection of gourmet foods will drive this company in a good and prosperous direction. References American Marketing Association. (2013). marketing power. Retrieved from http://www.marketingpower.com/AboutAMA/Pages/DefinitionofMarketing.aspx Business Dictionary. (2013). business dictionary meaning of marketing. Retrieved from http://www.businessdictionary.com/definition/marketing.html#ixzz2R

Edwin Hubble Essay Example | Topics and Well Written Essays - 750 words

Edwin Hubble - Essay Example (â€Å"Biography of Edwin Powell Hubble (1889-1953)†; â€Å"Edwin Hubble expands our view of the universe†) Edwin Hubble Powell, the son of an insurance executive was born in the small town of Marshfield, Missouri, USA on November 20, 1989 and moved to Wheaton, Illinois, before his first birthday. Nine years later in 1898, his family moved to Chicago, where he attended high school.   Edwin Hubble was a fine student and an even better athlete, having broken the Illinois State high jump record. As a young man, he was 6 feet 3 inches tall and very well coordinated, known especially for his talent at boxing, basketball and track (â€Å"Who Was Edwin Hubble?†). At his high school graduation in 1906, the principal said: "Edwin Hubble, I have watched you for four years and I have never seen you study for ten minutes.† He paused, leaving young Edwin on tenterhooks a moment longer, before continuing: "Here is a scholarship for the University of Chicago." (â€Å"Edwin Powell Hubble - The man who discovered the cosmos†) Edwin Hubble had studied mathematics and astronomy at the University of Chicago and earned a Bachelor of Science (undergraduate) degree in 1910. Edwin Hubble went to Oxford University on a Rhodes scholarship, where he did not continue his studies in astronomy, but instead studied law, following his father’s wishes. He also took up Literature and Spanish. (www.edwinhubble.com). In 1913, he returned to the United States and passed the bar examination and practiced law half-heartedly for a year in Kentucky. His family was living in Kentucky at that time. In the autumn of 1913, Hubble was hired by New Albany High School (New Albany, Indiana) to teach Spanish, Physics and Mathematics and to coach basketball. His popularity as a teacher is recorded in the school yearbook dedicated to him: "To our beloved teacher of Spanish and Physics, who has been a loyal friend to us in our senior year, ever willing to cheer and help us both