Wednesday, September 2, 2020

Richard Nixon :: essays research papers

Compromise was the primary objective set by President Richard M. Nixon. The Nation was agonizingly separated, with choppiness in the urban communities and war abroad. During his Presidency, Nixon prevailing with regards to closure American battling in Viet Nam and improving relations with the U.S.S.R. what's more, China. Be that as it may, the Watergate outrage carried new divisions to the nation and at last prompted his abdication. His political race in 1968 had peaked a lifelong bizarre on two tallies: his initial achievement and his rebound subsequent to being vanquished for President in 1960 and for Governor of California in 1962. Conceived in California in 1913, Nixon had a splendid record at Whittier College and Duke University Law School before starting the act of law. In 1940, he wedded Patricia Ryan; they had two girls, Patricia (Tricia) and Julie. During World War II, Nixon filled in as a Navy lieutenant authority in the Pacific. On leaving the administration, he was chosen for Congress from his California region. In 1950, he won a Senate seat. After two years, General Eisenhower chose Nixon, age 39, to be his running mate. As Vice President, Nixon took on significant obligations in the Eisenhower Administration. Designated for President by acclaim in 1960, he lost by a tight edge to John F. Kennedy. In 1968, he again won his gathering's assignment, and proceeded to crush Vice President Hubert H. Humphrey and outsider up-and-comer George C. Wallace. His achievements while in office included income sharing, the finish of the draft, new anticrime laws, and an expansive natural program. As he had guaranteed, he named Justices of traditionalist way of thinking to the Supreme Court. One of the most emotional occasions of his first term happened in 1969, when American space travelers made the primary moon landing. A portion of his most acclaimed accomplishments came as he continued looking for world dependability. During visits in 1972 to Beijing and Moscow, he diminished pressures with China and the U.S.S.R. His highest point gatherings with Russian pioneer Leonid I. Brezhnev created an arrangement to confine key atomic weapons. In January 1973, he declared an understanding with North Viet Nam to end American association in Indochina. In 1974, his Secretary of State, Henry Kissinger, arranged separation understandings among Israel and its adversaries, Egypt and Syria. In his 1972 offer for office, Nixon crushed Democratic competitor George McGovern by probably the largest edge on record. Inside a couple of months, his organization was beset over the purported "Watergate" embarrassment, coming from a break-in at the workplaces of the Democratic National Committee during the 1972 crusade.

Saturday, August 22, 2020

M2A1 - Q3 Essay Example | Topics and Well Written Essays - 250 words

M2A1 - Q3 - Essay Example On account of expansion, an association can experience an enormous misfortune since the assembling cost will be influenced. In a similar case, the administration issues out administrative limitation against a specific item. On the off chance that the administration consumes an exchange of a specific item, it implies that the association should discard and experience misfortune. Territorial clash likewise will influence the market status in that; individual won't shop from a specific networks organizations (Newton, 2011). Association culture influences the advancement of the organization. Association whose representatives work under various culture breakdown last mentioned. So as to oversee culture, a pioneer must focus on the way of life. This can be accomplished by joining together, pulling together and refocusing the laborers to have a group and winning condition. The pioneer should likewise change the negative vitality to a positive one. This should be possible by using the current difficulties and gripes to create new thoughts, way of accomplishment and advancement (Newton, 2011). The pioneers should likewise meet with the organization and offer the vision and financial status to guarantee that everything is dealt with before it turns into a test. Pioneers should share a constructive vision to workers and guarantee that every individual in the association comprehends and unite behind a dream. This will guarantee worker inspiration since they will fell as though they are appended and furthermore a re a piece of the organization and be roused to work and accomplish the dreams (Gordon, 2014). Taking everything into account, the congruity and progress of the association is in the hands of the pioneers. Pioneers ought to be familiar with the initiative procedures, which can realize hierarchical inspirations. Regardless of the factors accessible, pioneers ought to have the option to utilize the initiative procedures to guarantee organization’s progress and

Friday, August 21, 2020

Potato Battery free essay sample

Foundation of the Study The analysts directed this investigation to have the option to realize that the power from natural products is significant in light of the fact that it likewise demonstrates the centralization of minerals accessible in organic products. It is likewise an elective method to do than utilizing the power where in, the utilization of sun based vitality is significant, and for such, it could enable the mother to earth for it would not cause damage and it could do a great deal of help as it’s from a characteristic way. A potato battery is an electrochemical battery, also called an electrochemical cell. An electrochemical cell is a cell where substance vitality is changed over to electric vitality by an unconstrained electron move. On account of the potato, the zinc in the nail responds with the copper wire. The potato goes about as a kind of cushion between the zinc particles and the copper particles. The zinc and copper particles would at present respond in the event that they contacted inside the potato yet they would just produce heat. We will compose a custom exposition test on Potato Battery or on the other hand any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Since the potato keeps them separated, the electron move needs to occur over the copper wires of the circuit, which channels the vitality into the clock. You have potato power. We just need a potato, a few nails and a bit of wire to make a potato battery. Its a pleasant science venture that helps show the manner in which things work in a battery by utilizing ordinary things we see around the house. As in the potato battery, the objective is to get familiar with power, and perhaps a couple of new science terms en route. The task is intended to be performed all alone, yet on the off chance that the Light Bulb try is done simultaneously, it can help interface the idea of a voltmeter perusing to the natural lighting of an electric lamp bulb.

Friday, June 5, 2020

Effect of Climate Change on Health and Disease - 1100 Words

Effect of Climate Change on Health and Disease (Essay Sample) Content: Effect of Climate Change on Health and DiseaseDateInstitutionIntroductionClimate change is a state where the typical weather patterns once experienced regionally or globally change to the unexpected where temperatures on the surface of the earth rise. It is usually as a result of human activity especially the burning of fossil fuels which in turn emit carbon IV oxide into the atmosphere (Houghton, 1995). This state of events is what many refer to as global warming, and since man still relies heavily on fossil fuels the phenomenon continues to take root as days pass. New Hampshire has not been left out by changes in climate and global warming (PSR, 1999). Residents in many regions have felt the effects climate change has on health and disease; hence, the world cannot continue ignoring.Although a complicated phenomenon, most scientists share the consensus that the temperature of the earth is increasing steadily with weather patterns changing in ways that can significant ly harm man and his/her health. Everyday models of forecasting using mathematics gain credibility as weather and certain natural events confirm scenarios once hypothetical (PSR, 1999). Analyzing the effects of climate change on health and disease while focusing on New Hampshire one cannot overlook the facts recorded on the climate change experienced in the region. For starters, Granite State residents though accustomed to turbulent weather and fluctuations in temperature, they are taking note of an increase in stormsà ¢Ã¢â€š ¬ fury, high temperature, and ice storm. People associate global warming with warmer weather that can destroy New Hampshireà ¢Ã¢â€š ¬s maple syrup, skiing, and tourism industries forgetting the fact that its consequences are potential health hazards.Climate change however pimped still refers to extremes in weather conditions. Therefore, global warming means more than warmer temperatures, the unpredictable patterns of the weather. For instance, torrential rains result in floods which in turn wash raw sewage into water supplies contaminating drinking water. Therefore, infectious diseases spread across New Hampshire leading to cases of Giardiasis, Salmonella, and Cryptosporidiosis being reported (PSR, 1999). As a result of torrential rains floods displace residents from their homes, and this leads them to experience psychological traumas such as depression and post-traumatic stress syndrome. Extreme and Severe storms are known to cripple facilities and emergency care systems, and this was observed in the 1998 ice storm which rocked and frustrated emergency care systems with 47% of patients missing treatment.Large snowfalls and cold weather when unexpected pose an array of certain health risks such as hypothermia, accidents, and cardiac deaths. However, the less noted risk comes from carbon monoxide. Its effects were felt in New England and New York in 1998 where carbon monoxide claimed 17 lives through asphyxiation and poisoning. All these were as a result of improper power generators' ventilation. In October 1999, New Hampshire suffered a blow of Mother Nature with Tropical Storm Floyd hitting. Therefore, it was declared a major disaster region that federal assistance had to be approved to help residents of Cheshire, Belknap, and Grafton counties (PSR, 1999). With severe climatic conditions, infrastructure tends to fail. Such was the case in New Hampshire where electricity went off after the 1998 ice storm. A survey done in 111 households in Maine showed 36 households were without heat leading to cold exposure, lower respiratory tract disease, and cardiac complaints.1997 did not have good yields for the people of New Hampshire. For instance, in the summer of that year a prolonged drought hit with water shortages forcing people to minimize water use to that of food and livestock hence ignoring hygiene. As if that was not enough the drought resulted in forest fires which posed the risks such as asthma, injury to firefi ghters, and fatalities to residents nearby. In 1995, Chicago experienced a deadly heat wave which saw 600 people die, with scientist and researchers attributing this to the lack of air conditioning in homes (Cooney, 2011). Concord has been experiencing an increase in heat waves occurrence with recent observations placing the period for four continuous days over the past century resulting in a rise in reported cases of heat stress.Smog is composed of a component known as ground-level ozone. Science has it that smog is usually most abundant during hot days and with climate change taking effect such is likely to occur in New Hampshire. Smog is an irritating, toxic gas which even in its minute amounts can affect lungs and oneà ¢Ã¢â€š ¬s entire health. In 1999, Clean Air Network reported that measurements of ozone in some White Mountains spots and the seacoast did exceed Boston and Nashua ozone levels. In the summer of 1999, 18 smog alerts were recorded over a period of nine days affect ing communities in Nashua, Keene, Portsmouth, Rochester, and Rye (NRDC, 2011). Research carried out has shown that exposure to smog can and will lead an individual suffer from diseases such as acute coughing, breathing pain, and breath shortness. New Hampshire has witnessed an approximate 690 people sent to hospital emergency rooms by smog with respiratory illnesses.Climate change may be unfavorable to human beings, but other insects, animals, and microorganism differ. With warm and wet climates rodents and insects multiply at an exponential rate and with prolonged weather conditions due to climate change they flourish. Conditions as such in terms translate to increase in possible diseases such creatures can spread to the man, for example, vector-borne diseases. In New Hampshire, Lyme disease is on its rise already, taking into account the fact that in 1997 countywide New Hampshire was ranked 11th for Lyme disease... Effect of Climate Change on Health and Disease - 1100 Words Effect of Climate Change on Health and Disease (Essay Sample) Content: Effect of Climate Change on Health and DiseaseDateInstitutionIntroductionClimate change is a state where the typical weather patterns once experienced regionally or globally change to the unexpected where temperatures on the surface of the earth rise. It is usually as a result of human activity especially the burning of fossil fuels which in turn emit carbon IV oxide into the atmosphere (Houghton, 1995). This state of events is what many refer to as global warming, and since man still relies heavily on fossil fuels the phenomenon continues to take root as days pass. New Hampshire has not been left out by changes in climate and global warming (PSR, 1999). Residents in many regions have felt the effects climate change has on health and disease; hence, the world cannot continue ignoring.Although a complicated phenomenon, most scientists share the consensus that the temperature of the earth is increasing steadily with weather patterns changing in ways that can significant ly harm man and his/her health. Everyday models of forecasting using mathematics gain credibility as weather and certain natural events confirm scenarios once hypothetical (PSR, 1999). Analyzing the effects of climate change on health and disease while focusing on New Hampshire one cannot overlook the facts recorded on the climate change experienced in the region. For starters, Granite State residents though accustomed to turbulent weather and fluctuations in temperature, they are taking note of an increase in stormsà ¢Ã¢â€š ¬ fury, high temperature, and ice storm. People associate global warming with warmer weather that can destroy New Hampshireà ¢Ã¢â€š ¬s maple syrup, skiing, and tourism industries forgetting the fact that its consequences are potential health hazards.Climate change however pimped still refers to extremes in weather conditions. Therefore, global warming means more than warmer temperatures, the unpredictable patterns of the weather. For instance, torrential rains result in floods which in turn wash raw sewage into water supplies contaminating drinking water. Therefore, infectious diseases spread across New Hampshire leading to cases of Giardiasis, Salmonella, and Cryptosporidiosis being reported (PSR, 1999). As a result of torrential rains floods displace residents from their homes, and this leads them to experience psychological traumas such as depression and post-traumatic stress syndrome. Extreme and Severe storms are known to cripple facilities and emergency care systems, and this was observed in the 1998 ice storm which rocked and frustrated emergency care systems with 47% of patients missing treatment.Large snowfalls and cold weather when unexpected pose an array of certain health risks such as hypothermia, accidents, and cardiac deaths. However, the less noted risk comes from carbon monoxide. Its effects were felt in New England and New York in 1998 where carbon monoxide claimed 17 lives through asphyxiation and poisoning. All these were as a result of improper power generators' ventilation. In October 1999, New Hampshire suffered a blow of Mother Nature with Tropical Storm Floyd hitting. Therefore, it was declared a major disaster region that federal assistance had to be approved to help residents of Cheshire, Belknap, and Grafton counties (PSR, 1999). With severe climatic conditions, infrastructure tends to fail. Such was the case in New Hampshire where electricity went off after the 1998 ice storm. A survey done in 111 households in Maine showed 36 households were without heat leading to cold exposure, lower respiratory tract disease, and cardiac complaints.1997 did not have good yields for the people of New Hampshire. For instance, in the summer of that year a prolonged drought hit with water shortages forcing people to minimize water use to that of food and livestock hence ignoring hygiene. As if that was not enough the drought resulted in forest fires which posed the risks such as asthma, injury to firefi ghters, and fatalities to residents nearby. In 1995, Chicago experienced a deadly heat wave which saw 600 people die, with scientist and researchers attributing this to the lack of air conditioning in homes (Cooney, 2011). Concord has been experiencing an increase in heat waves occurrence with recent observations placing the period for four continuous days over the past century resulting in a rise in reported cases of heat stress.Smog is composed of a component known as ground-level ozone. Science has it that smog is usually most abundant during hot days and with climate change taking effect such is likely to occur in New Hampshire. Smog is an irritating, toxic gas which even in its minute amounts can affect lungs and oneà ¢Ã¢â€š ¬s entire health. In 1999, Clean Air Network reported that measurements of ozone in some White Mountains spots and the seacoast did exceed Boston and Nashua ozone levels. In the summer of 1999, 18 smog alerts were recorded over a period of nine days affect ing communities in Nashua, Keene, Portsmouth, Rochester, and Rye (NRDC, 2011). Research carried out has shown that exposure to smog can and will lead an individual suffer from diseases such as acute coughing, breathing pain, and breath shortness. New Hampshire has witnessed an approximate 690 people sent to hospital emergency rooms by smog with respiratory illnesses.Climate change may be unfavorable to human beings, but other insects, animals, and microorganism differ. With warm and wet climates rodents and insects multiply at an exponential rate and with prolonged weather conditions due to climate change they flourish. Conditions as such in terms translate to increase in possible diseases such creatures can spread to the man, for example, vector-borne diseases. In New Hampshire, Lyme disease is on its rise already, taking into account the fact that in 1997 countywide New Hampshire was ranked 11th for Lyme disease...

Sunday, May 17, 2020

Analysis Of Hotel On The Corner Of Bitter And Sweet

Bridge over Troubled Water (Simon Garfunkel) Friendship. What is friendship? Wikipedia defines friendship as â€Å"a relationship of mutual affection between two or more people. Friendship is a stronger form of interpersonal bond than an association.†, which is exactly what I think is friendship. I know most of my friends for many, many years and throughout these years we had fights and good moments and this is what forms this strong â€Å"interpersonal bond† also known as friendship. In our novel Hotel on the Corner of Bitter and Sweet Henry and his friends faces different challenges throughout the story which strengthens their ties. In Jamie Ford’s novel Hotel on the Corner of Bitter and Sweet, Ford communicates the theme that friendship is needed especially during difficult times through the character’s actions in the books. Ford shows us one of the first and more subtle friendships between Mrs Beatty and Henry through Mrs Beatty’s actions, who is always helpful when Henry is in trouble at high school. Mrs Beatty works in the kitchen at Henry’s high school (Ford 15) and the first time she appears, is to help Henry and Keiko when they are bullied by Chaz. She tells him to get lost in her very interesting away: â€Å"†¦if you hurt that kid, you’re going to be taking his place in the kitchen, you understand me?† (Ford 23) She shows us that she is tough on the outside but still kind on the inside. Racism is an unknown thing to her, she values Henry and Keiko because they are both hardShow MoreRelatedAnalysis Of Hotel On The Corner Of Bitter And Sweet ``1404 Words   |  6 PagesOnce in a blue moon there is someone who knows it all, someone who knows and accepts you unconditionally, and someone who is there for life†. McCorkle’s description of a â€Å"gold fri end† reminds me of a novel I recently read called â€Å"Hotel on the Corner of Bitter and Sweet† where friendship is universal and described as a bridge that connect all social gaps including gender, race and differences in abilities. Throughout the book, author Jamie Ford has succeeded to show readers that friendship is theRead MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet934 Words   |  4 PagesHotel on the Corner of Bitter and sweet Jamie Ford writes â€Å"Hotel on the Corner of Bitter and sweet† and the publisher of the book is Ballantine Books. They published the book in English on 1st February 2009. â€Å"Hotel on the Corner of Bitter and Sweet† story sets during one of the most conflicted and volatile times in American history. The time period of the story is after the Pearl Harbor boomed and the internment of American-Japanese families during the World War II. â€Å"Hotel of the corner bitterRead MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet2326 Words   |  10 Pages Jamie Ford’s book Hotel on the Corner of Bitter and Sweet, is a story about the experiences and hardships that Japanese-Americans suffered during World War II. The protagonist Henry, a twelve-year old Chinese-American boy at the time of the war, reacted with more than just curiosity. The story opens with the news that belongings of several families who were interned is more than just curiosity; he had a deep personal connection to the events of the past and the story uncovers his memories. HenryRead MoreHotel On The Corner Of Bitter And Sweet Analysis949 Words   |  4 Pagesâ€Å"True love is like ghosts, which everyone talks about and few have seen†. This is a quote said by Francois de La Rochefoucauld, which explains the rarity of true love. In Jamie Ford’s novel, Hotel on the Corner of Bitter and Sweet, the record of Oscar Holden symbol izes the relationship between Henry and Keiko, which is sensed as true love. Throughout the book, Henry and Keiko experience many ups and downs in their relationships which can be reflected by the treatment and condition of the record.Read MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet, By Jamie Ford986 Words   |  4 PagesThe novel â€Å"Hotel on the Corner of Bitter and Sweet,† written by Jamie Ford is a compelling novel about a young Chinese American boy name Henry. Henry is growing up after the Pearl Harbor incident and the start of the internment camps for Japanese Americans. Henry’s ethnicity as a Chinese American affects his childhood in being bulled in school, having a distant relationship with his parents, and causes issues with his first love Keiko, a Japanese American girl. First, by looking at the way Henry’sRead MoreLiterary Analysis: Hotel on the Corner of Bitter and Sweet as a Historical Fiction1280 Words   |  6 PagesLiterary Analysis: Hotel on the Corner of Bitter and Sweet as a Historical Fiction In Jamie Ford’s historical fiction Hotel on the Corner of Bitter and Sweet, this split narrative focuses on two eras: 1942 and 1986. Within these era’s, Ford’s novel focuses on a Chinese boy, Henry Lee, and what it was like to grow up in the international district with prejudice everywhere, especially in his own family being a first generation American. His novel tells the story of Henry, as well as a Japanese girlRead MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet, Henry And Keiko1098 Words   |  5 Pagesenjoyable when having someone to share good and bad memories. It is always best to keep the most important relationships closest to the heart. By doing this, dealing with life struggles can become a much more easy ordeal. In the book, Hotel on the Corner of Bitter and Sweet, Henry and Keiko were always there for each other. Jamie Ford, the author, was able to portray two best friends that shared an ordinary yet unique childhood. Henry is a young Chinese boy living in the heart of a town where whitesRead MoreAmpalaya Cupcake15271 Words   |  62 Pagesnutritional value content as well. Ampalaya will be our main ingredient. Ampalaya or Bitter Melon/Bitter Gourd is a vegetable that grows in Asia, the Caribbean, East Africa and South America. People eat it as a food as well as use it for medicinal purposes to help treat conditions including diabetes, cancer and viral infections. Bitter melon affects certain hormones, including insulin and leptin. Due to its bitter taste many people don’t like to eat Amplaya even though it is healthy. As a result ofRead MoreCoffee Shop Feasibility5138 Words   |  21 PagesA Feasibility study on â€Å"Coffee Ko† Coffee Shop In Partial Fulfillment of requirements for the subject Principles of Management For the degree of Bachelor of Science in Hotel and Restaurant Management At STI – College Quezon Avenue By: Eric B. Buquis Jake Christian Z. Escobar Carl Justin Oliquino Michaela D. Santo October 2013 TABLE OF CONTENTPROJECT BACKGROUND * Company Vision amp; Mission †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ * Name of the Business†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ * Logo/Rationale†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreHow can Thailand Successfully Become the Top Culinary Tourism Destination?3488 Words   |  14 Pagesexample while still keeping up a distinguished taste of its own, whatever the recipe’s origin with the differentiation of distinctive cuisine styles in four regions of country. The balance of five fundamental taste senses namely; spicy, sweet, salty, sour, and bitter wo uld be chosen two or more flavors to mix in one dish (Harrison Monroe, 2003). Cummimgs (2000) states that â€Å" Thai cuisine has become so globally appreciated that in a survey polling travel agencies in over 25 countries, it ranked fourth

Wednesday, May 6, 2020

Finance Project - 3247 Words

Spring 2014 Principles of Finance Final Project General Motors Company vs Ford Motor Company Lauren Grippo GENERAL MOTORS CORPORATION (COMPANY) General Motors Corporation (General Motors or GM) was incorporated on August 11, 2009. Also known as GM, the company designs, builds and sells cars, trucks and automobiles parts globally and headquartered in Detroit, Michigan. The company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The company designs, manufactures and markets vehicles under the brands of Buick, Cadillac, Chevrolet and GMC. Along with our strategic partners, we produce cars and trucks, and sell and service our vehicles, through the following brands: Chevrolet,†¦show more content†¦In 2008, Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide. The company went public in 1956, but the Ford family still retains 40 percent voting rights. I will be comparing both companies General Motors Company and Ford Motor Company for the past three years. We will be able to see all the trends these two automotive manufacturers have and which one may be better to invest in by looking at the last few year’s ratios and percentages. This will give us a better understanding and the knowledge of who maybe the industry leader and who is the follower. These are both major corporations that strive off customer loyalty and both competing on a global scale to make their mark in the one of the top automotive manufacturers in the world. This analysis will give us an understanding of what lies ahead in the future for these two manufacturers. The following section will show the ratios and percentages figured by using these two companies’ financial statements. A comparison will be used to compare the companies to one another. People will always needs cars to get around whether it’s for education, work or tourism. By comparing these companies we will know which company maybe the best to invest and to determine which companies will survive in the future. Take a look at Table 1 below as it provides a full listing ofShow MoreRelatedProject Finance Assignment2466 Words   |  10 Pagescharacteristics of project finance Project finance is a form of long term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of the project sponsors. In most cases, a project financing structure involves a number of equity investors, the sponsors, as well as a group of banks or other lending institutions that provide loans to the operation. The loans are usually non-recourse loans, which are secured by the project assets andRead MoreThe Role Of Debt Of Project Finance Essay1064 Words   |  5 PagesTable of Contents Introduction 2 Role of Debt in Project finance 2 Pros and Cons of project finance debt 3 Identifying Project Risks 3 Difference from Corporate Lending: 4 â€Æ' Introduction Project finance is a term used freely by a number of professionals including bankers, journalists, and academics in order to describe a variety of financing activities. Project finance is a decades-old term that preexists corporate finance. However, the rolling growth in infrastructure undertakings in the developingRead MoreProject Finance Petrozuata4755 Words   |  20 PagesEvaluation of Petrolera Zuata, Petrozuata C.A. Project Finance Case Study    1    Table of Content Petrozuata introduction ....................................................................................................................... 4 1. How should PDVSA finance the development of the Orinoco Basin? What are the costs and benefits of using project finance instead of traditional internal debt finance? ...................... 4 1.1. Project finance scenario (BBB) ........................Read MoreConstruction Of Project Finance Transaction3475 Words   |  14 Pagesin the context of a project finance transaction. Project Finance Generally Industrial projects, such as power plants, toll roads, ports and oil and gas pipelines, are all typically financed through a complex legal, financial and regulatory structure involving multiple project parties, sophisticated documentation and extensive negotiation. Project finance transactions are typically either (i) limited recourse, where lenders do not assume the entire financial risk of the project and instead rely onRead MoreProject Finance : Project Management College Uk Essay1324 Words   |  6 PagesNAME: OMATSONE ONETORITSEBAWO LOUIS QUESTION: REPORT ON PROJECT FINANCE MODULE 12 TOPIC: THE PROJECTS APPROACH STUDENT ID: PMC 26995-NG-UK PROJECT MANAGEMENT COLLEGE UK TABLE OF CONTENT 1. INTRODUCTION OF PROJECT FINANCE†¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 2. FEATURES OF PROJECT FINANCE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 3. FINANCING STRUCTURE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 4. METHOD OF FINANCING A PROJECT†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 5. CONCLUSION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 6. REFERENCES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8Read MoreIntroduction to the Finance Company Project979 Words   |  4 PagesIntroduction to the Finance Company Project Your team is required to analyze the future business and economic prospects of a major, publicly traded corporation using financial concepts and techniques as well as the concepts and techniques from other business areas. Make sure any statements you make in your analysis are consistent with the knowledge base of finance. Also please include your calculations (including spreadsheets), data sources (be specific, including date and page number(s)), andRead MoreManagerial Finance Project Toys R1497 Words   |  6 Pages Managerial Finance - 1 - Managerial Finance Project Toys R in Brazil Managerial Finance - 2 - Summary My paper term paper is 8 - page for my managerial finance class that analyzes the prospects of Toys R for international expansion into Brazil . The analysis consists of financial analysis of the company and en vironment analysis of the country. It relies on eight external sources presented in APA format. Body of the paper Introduction Toys R Us Inc., is a leading toy and baby productsRead MoreMonitoring And Control Project Finances1554 Words   |  7 Pagesability to optimally monitor and control project finances, make recommendations and describe how the recommendations will improve monitoring and control of project finances. The identification of areas that require new approaches have been discovered by examining historical project documents, gathering information from project finance specialist and interviews with project managers. The three main areas that will allow for better control of project finances are â€Å"measuring, evaluating, and correcting†Read MoreProject Finance and Loan Analysis Essay1668 Words   |  7 PagesProject Finance Project financing is a non-traditional financing technique that is now being used even by many high-profile corporate projects. It is increasingly emerging as the preferred alternative to finance fixed assets and other large-scale projects. As a study, Project Finance includes understanding the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, and raise the funds. As per the International Project Finance Association, ‘ProjectRead MoreEssay Mt480 Corporate Finance Unit 9 Project1159 Words   |  5 PagesStudent MT480-01: Corporate Finance Unit Nine: Assignment Date Assignment: Complete the following exercises and problems from the textbook. Some problems ask multiple questions; be sure to answer every part of the exercise or problem unless otherwise noted * Chapter 28: Practice Questions 2, 10, 11, and 13 * Chapter 34: Practice Questions 2, 3, and 7 Chapter 28: 2. Table 28.1 shows the 90-day forward rate on the South African rand. a. Is the dollar at a forward discount

Tuesday, May 5, 2020

My future profession free essay sample

This is my first essay in English and its topic is â€Å"My Future Profession†. Who I want to become? I haven’t found an exact answer to this question yet. There are a few versions. The fact that I’m studying in a building Institute does not mean that I want to be a building-construction manager. But it also doesn’t mean that I don’t want to be him. You can ask me: â€Å"In that case, why did you enter to this institute?†. I couldn’t choose and thought: â€Å"As my father is an architect, he will help me in the future in this field†. One of the professions I want to have is a computer programmer. As for me, I had decided to be a teacher, so last year I entered Irkutsk State Teacher Training University. Our University is situated in the centre of Irkutsk; it is rather small building, but very comfortable. We will write a custom essay sample on My future profession or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Students say that our building is the best and it is quite easy to find different classes. As for subjects – we have ten. They are: English practice, grammar and phonetics, Russian, Survival Science, Pedagogic science, Medicine, History, Physical Education and others. I find my subjects quite amazing because they help me to understand the way of teaching other people and to learn some more information, I have never known before. As I’ve told before – I chose to be a teacher of English as a second language because it will be a chance to fulfill my dream of helping people to learn the foreign language. I think I possess the qualities necessary for being a good teacher. I am hard-working, kind-hearted, and broadminded. I want to devote myself to teaching different people, especially children. It will be a very challenging work for me – I will need to use all my knowledge, skills and imagination to find the right approach for every single student and make the process of studying as creative and interesting, as possible. So, I think that I have made the right choice.My first computer and friends who work in this field deeply affected to my decision. So who is computer programmer or simply programmer? This is a quote from a dictionary: â€Å"A programmer is a person whose job involves writing programs for computers†. To be a good programmer I should learn maths, logics, informatics now at my institute. Now we are living at the beginning of the Information age and I think that programming is an interesting field and one of the professions of the Future.

Sunday, April 19, 2020

Sambal Belacan Speech Essay Example

Sambal Belacan Speech Paper Good evening to everyone here. Before I begin, let me ask you one simple question. Do you know what sambal belacan is? Yes, I’m sure everybody in here, at least have heard of it. It is one of the famous foods in Malaysia. I’m standing here tonight not to talk about local foods but Mongolian foods. What are orom, tarag and shar tos? Sound bizarre, right? For your information, they are some of the well known and weird Mongolian foods. The cold weather in Mongolian has affected their ways to eat. They also nomad who always move from one place to another. So, they need to take foods that are high in protein, carbohydrate, and fat to fight with the cold climate and for their energy. Therefore, their staple traditional diets are milk and meat. Mongolians also eats cereals, barleys, and natural fruits. The Mongols turned the food high in protein and minerals, but relying less on seasonable vegetables and fruits. What happen if we have to eat Mongolians foods for the rest of our life? Is it healthy? Of course not. If we eat like them, it will bring a lot of diseases such as obesity, diabetes, heart disease, high blood pressure and so on. The milk from sheep, cattle, horses, camels and goats are used in preparing their foods. I would say that they have found creative and ingenious way to use the milk from all the animals. Usually, the method of drying is common in preparing the food from the milk. The dried food is stored for a long winter and spring. Their diets also have a large proportion of animal fat. We will write a custom essay sample on Sambal Belacan Speech specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Sambal Belacan Speech specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Sambal Belacan Speech specifically for you FOR ONLY $16.38 $13.9/page Hire Writer It is necessary for Mongols to withstands the cold weather about -40 degree Celsius. The common dish is dried cooked mutton without any ingredients called buuz. The tradition of using, producing and preparing are familiar outsides main cities. Some other Mongolian foods are orom (cream that forms on top of boiled milk), aarul (dried curds), airag (fermented milk from female horses), nermel (home made vodka), tarag (sour yogurt), shar tos (melted butter from the curd) and etcetera. The Mongols also treats their visitors warmly. They will try their best to make the visitors happy. A guest that enters a yurt will always be given something to eat. It is rude to reject the offer but not necessary to finish the bowl. As a symbol of support, the foods are passed and receive with the right hand while the left hand touching the right elbow. As a conclusion, the Mongols absolutely have unique diets to fit with their artic climate. However, their diets are not particularly suitable for us and vegetarians because they contain a huge amount of fat. That’s all from me. Thank you very much for listening.

Sunday, March 15, 2020

mumbai

mumbai Mumbai slumsMumbai ranked 14 th in the world with a population of nearly 16,910,000 and ranked 13 th as a megacity but most people don't know that it is ranked 6 th for one of the biggest slums in the world.In this report I will be telling you some challenges that the people of Mumbai are facing and what could be the last of what these people will be facing in the future.Firstly, one of the biggest challenge people in Mumbai slum s are facing is the overcrowding of people as many as 18,000 people crowded into a single acre. Furthermore, the houses there are built with cheap, recycled bad quality materials. There is no clean water there so they would have to go to a nearby stream or well but sometimes there is no water there either. People are so poor that they start stealing things from other people which could lead to fights and conflict.http://theopendata.com/site/wp-content/uploads/2012/01/Bombay-slum-vs-nonslum1.jpg Secondly, many people in the slums face a challenge of poor sani tation and limited health care can lead to the spread of disease for example pneumonia. Not only that these disease can spread from one place to another due to the space from one house to another. In addition to this the rich may also get theses disease as most of the slums in Mumb ai are in the centre.This image shows the difference in the urban world to the rural world in MumbaiThirdly, the infrastructure of the people who live in the slums is very poor, public transport is limited and connections to the electricity supply can be limited and sometimes dangerous not only that services that the rich get is less than what the poor get for example health care. Further more people don't have...

Thursday, February 27, 2020

Evaluation and presentation Assignment Example | Topics and Well Written Essays - 4000 words

Evaluation and presentation - Assignment Example So the companies prefer to use this method because of its flexibility in its frame and works according to the company’s demand. It is the duty of the system to keep inform the user about every action which is being taken against the user’s request, by giving proper response in the form of feedback in an accepted time period. This information keeps the user interactive with the system at each step which is being taken. The language used by the system should be understandable to the user. Instead of using the system’s language terminologies it should use those words, concepts and phrases which users are familiar with. The set of information should be designed in such manner that would show in natural and logical sequence. So the user would easily understand the frames and interpret the information or situation quickly. Most of the time users make mistakes while using the applications in speed so they want to leave the unwanted page without viewing the complete information. The option of emergency exit should be given to save the precious time of the user. This application will let the user to come out easily from an unwanted situation occurred by mistake. Different type of words, concepts and actions should not be given which creates doubt for the user in relating the situations in sequence. It should chase the usual platforms and make a consistent usage in applications without creating any hurdle. The system should be designed with a consideration of identifying the error occurring messages at the initial stage. Also it should eliminate those conditions which cause errors or check for the user. The option of confirmation should be given to users before they get committed with any action. This option will contain the user on the right path without committing with errors and also without wasting the time. It is necessary to display the visibility of those actions, objects and options which minimize

Tuesday, February 11, 2020

Risk management in Toyota Essay Example | Topics and Well Written Essays - 3000 words

Risk management in Toyota - Essay Example The quality of the Toyota cars, introduction of premium brands like Lexus in tune with the tastes and fashions prevailing in the American markets, its collaboration with the leading player General Motors subsequently, entrenched the brand ‘Toyota’ firmly into the USA. The success story of Toyota could be summed up from one of its slogans in the 1980s â€Å"Who could ask for anything more†. The product profile of the company has undergone changes to include larger and luxurious vehicles. The corruption charges leveled against the UJF Bank, one of the largest shareholders of Toyota with Toyota’s Chairman as a director was a setback to the company’s diversification strategy into financial services. Also, the over concentration in the already developed American and European markets over the period of time could strategically affect its leadership position in the global market in future. The financial risk is related predominantly to the issue of capital structure and leverage, but the business risk largely dependent upon the economic conditions, and the study of risk management in relation to a company like Toyota needs to focus on the macro economic factors. This paper seeks to analyze risk management perspective of the company in relation to the prevailing global economic conditions, its strategic outlook to changes in the environmental factors globally and other internal factors related to risk management. Currents status and evaluation of risk management The international economy has undergone drastic changes in the recent years consequent upon the stupendous growth of emerging economies, especially the BRIC (Brazil, Russia, China and India) countries and the credit squeeze in the aftermath of subprime crises in the developed nations. However, it is pertinent to note that the emerging economies have not been affected by the subprime crisis, as these countries have been insulated from the world economy by virtue of the continuin g regulations in these countries, especially in the financial services sectors, and their exposure to international banking system has been very limited. A cursory glance of US Vehicle Sales from 1984 to 2010 from Penton Media (2011), as given in Appendix I and II, which more or less coincides with Toyota’s establishment in the USA reveals the growth (or lack of growth) over the period of time. Competition The market for Toyota is very competitive. For example, Toyota’s competitors Suzuki of Japan and Hyundai of South Korea have well established facilities for manufacturing, marketing and servicing in India. The local manufacturer Tata Motors has aggressively priced its small car Nano around INR 100,000 which works out to just US$ 2400 approximately. Volume is going to be the name of the game in the emerging economies like India, China and Brazil. Jie, R. (2010) reports: â€Å"China has overtaken the United States and Japan to become the world's largest car manufactur ing country in 2009.† While Toyota was concentrating more and more on developed markets, its competitors have made inroads into the emerging markets, where Toyota is lagging behind the local as well as the international players. Realizing the potential in the small car segment in India, Chevrolet has introduced the model ‘Spark’ at INR 279,000 which works out to US$ 6200 approximately since ‘value for money’ or pricing is a crucial factor in influencing the consumers’

Friday, January 31, 2020

Persuasive memo Essay Example for Free

Persuasive memo Essay My name is Darrell Pace and I am requesting to continue research for the implementation of a Spanish curriculum in the Professional Academy Day School. The proposed research will greatly impact our students, parents, and faculty because the world is becoming increasingly interconnected. Parents are turning to language immersion programs for their toddlers and preschoolers. Some are motivated by the desire to preserve family heritage and culture. Others see early language instruction as a way to provide their children with the academic and cognitive advantages. It is very important for the Professional Academy Day School to accommodate the interest of our parents who entrust their children to us, to teach them skills that are beneficial now and in the future. When we offer the children in our day school the very best curriculum, it enhances our credibility among our competition and the community. According to the article by Stephanie Meade, â€Å"7 benefits of Raising Bilingual Kids†, it shows that bilingual children have the following advantages over that of monolingual students: Bilingual children have a better ability to focus and ignore distractions in the environment Bilingual kids can switch from one activity to another faster and are better at multitasking. Bilinguals have increased mental flexibility and creativity. Bilingual children in dual-immersion schools have been shown in one study to score higher on both verbal and math standardized test conducted in English Bilingual children display stronger logic skills and are better equipped at solving mental puzzles Being bilingual carries over throughout life as it alters brain chemistry and starving off the onset of Alzheimer’s. After learning two languages, it makes it more apt for learning a third language The advantages of a child being immersed into a school that offers dual languages cannot be ignored nor taken lightly when the demographics toward Spanish speaking cultures have more than doubled over the last ten years here in our state of Texas. Our school will be behind the curve if we don’t react now and research the necessary curriculum that will be the most effective among our students in the classroom. In the article, â€Å"Preschool Curriculum: What’s in it for Children and Teachers† written by The Albert Shanker Institute, children learn language when it is presented in meaningful contexts. A strong curriculum teaches vocabulary during studies of interesting content. This strategy which we have found through our research provides repeated exposure to new words and teaches children the words they need to represent the new ideas and concepts that they are learning. Our research will prove that the proper Spanish curriculum produces success in math, science, literacy, social studies and the arts. Language is the foundation for children’s learning, and the pre-k years are a crucial time for Spanish language development. The research on Spanish curriculum in Pre-k and kindergarten classes is timely and it is of substantial importance to the future of learning at the Professional Academy Day School.

Thursday, January 23, 2020

The Adventures of Pinocchio :: Books, Film

When a book is made into a movie, certain scenes and overall big pictures sometimes get â€Å"lost in translation.† This certainly is the case for Carlo Collodi’s story The Adventures of Pinocchio. Many things occur in the book that do not take place in the Disney movie Pinocchio, originally produced in 1940, and rereleased in 1992. A possible reason for some of the changes could regard audiences. The Adventures of Pinocchio was written in Italian in 1883. Perhaps that is why the book focuses more on morality and is a teach-you-a-lesson about the consequences of being bad kind of book, while the movie more gently tries to get the same message across by adding and deleting scenes from the original work. A change from book to movie occurs right at the beginning of the film. In the book, Geppetto buys the wood that is to become Pinocchio from Mastro Antonio—a character left out of the movie entirely (1). The movie version begins with Jiminy Cricket, as he is called in the movie, singing about wishing upon stars. In the book, he is known as the Talking Cricket. Pinocchio is already crafted, fitted with marionette strings, and is sitting on a shelf. In the book, as soon as Pinocchio has feet—he is already alive—he runs out the door (6); however, in the movie, Geppetto, who controls him with the marionette strings, dances him around. I find it strange that Geppetto makes the puppet (while he controls him) kick the cat, Figaro—who is not in the original book—causing him to fall off the steps. How does Geppetto expect Pinocchio to be a good boy if at the beginning of his functioning he (Pinocchio) is made to kick innocent cats? After Geppetto dances the puppet around for a bit he goes to bed, but before he falls asleep, he wishes upon a star. He wishes that the puppet was a real boy. The star comes into the window and is a fairy with blue hair. The fairy grants the wish, giving the puppet life. The stipulation the fairy gives Pinocchio is that he can become a real boy when he proves himself and learns to choose between right and wrong. This requirement is the same in the book (55). A difference in this film scene and the book is the appearance of the fairy. In the book, Pinocchio initially sees the fairy much later (32). The Adventures of Pinocchio :: Books, Film When a book is made into a movie, certain scenes and overall big pictures sometimes get â€Å"lost in translation.† This certainly is the case for Carlo Collodi’s story The Adventures of Pinocchio. Many things occur in the book that do not take place in the Disney movie Pinocchio, originally produced in 1940, and rereleased in 1992. A possible reason for some of the changes could regard audiences. The Adventures of Pinocchio was written in Italian in 1883. Perhaps that is why the book focuses more on morality and is a teach-you-a-lesson about the consequences of being bad kind of book, while the movie more gently tries to get the same message across by adding and deleting scenes from the original work. A change from book to movie occurs right at the beginning of the film. In the book, Geppetto buys the wood that is to become Pinocchio from Mastro Antonio—a character left out of the movie entirely (1). The movie version begins with Jiminy Cricket, as he is called in the movie, singing about wishing upon stars. In the book, he is known as the Talking Cricket. Pinocchio is already crafted, fitted with marionette strings, and is sitting on a shelf. In the book, as soon as Pinocchio has feet—he is already alive—he runs out the door (6); however, in the movie, Geppetto, who controls him with the marionette strings, dances him around. I find it strange that Geppetto makes the puppet (while he controls him) kick the cat, Figaro—who is not in the original book—causing him to fall off the steps. How does Geppetto expect Pinocchio to be a good boy if at the beginning of his functioning he (Pinocchio) is made to kick innocent cats? After Geppetto dances the puppet around for a bit he goes to bed, but before he falls asleep, he wishes upon a star. He wishes that the puppet was a real boy. The star comes into the window and is a fairy with blue hair. The fairy grants the wish, giving the puppet life. The stipulation the fairy gives Pinocchio is that he can become a real boy when he proves himself and learns to choose between right and wrong. This requirement is the same in the book (55). A difference in this film scene and the book is the appearance of the fairy. In the book, Pinocchio initially sees the fairy much later (32).

Wednesday, January 15, 2020

Movie Tehcniques

Film, what do you think of when you hear that word? A motion picture is simply a series of still pictures shown quickly so they stimulate motion. But a film can be so much more than that. It can tell a story, inform people of news, or educate. A film can surprise, aggravate, and inspire the imagination. Some of the necessary skills to analyze how images are constructed, how they create meanings, and how they affect us help us to better understand film as a whole. Throughout the class we watched several films each displaying some different techniques used throughout the films.These techniques help provide a dynamic approach to discover the different meanings that the viewer can receive from the film. In Buster Keaton’s Sherlock Jr. made in 1924, the specific film technique that best stands out is mise-en-scene. Mise-en-scene is the composition or what’s in the scene or frame. This technique includes long take, long shot, and moving camera. A specific example of a scene f rom the film that illustrates mise-en-scene is when Sherlock Jr. (Buster Keaton) is riding on the handle bars of the motorcycle that the theater manager, Gillette (Ford West) is racing around through town on (154).Sherlock Jr. is unaware that Gillette has fallen off and he is performing crazy stunts while on the handle bars with no driver. One of the extreme stunts that he performed is when the motorcycle appears to cross a bridge that is open so it looks like he could plummet to the ground, but just as he is crossing the gap two trucks pass underneath him filling the gap and he safely makes is across. From this account, this powerful scene shows mise-en-scene perfectly. The camera is taking a long take which means that the camera is taking a single unbroken shot that can be moving or stationary.In this case the camera is moving with the action which shows moving camera. The scene also fills long shot which is a shot that shows the full human body, and the camera is also showing the background behind Sherlock Jr. while he racing around town performing crazy stunts. This technique is used to help keep this silent American comedy interesting and the audience intrigued throughout the performance that Sherlock Jr. is presenting. In Sergei Eisenstein’s 1926 film, Battleship Potemkin, the specific film technique that stands out is montage.Montage is different than mise-en-scene instead of long take, long shot, and moving camera it is a sequence of quick shots, showing a condensed series of events. The individual shots put together to cause and emotional or intellectual reactions to the audience. Eisenstein believed that film montage could create ideas or have impact beyond the individual images. He wanted to represent perceptions powerfully more than emotions directly (172). A specific example of a scene that illustrates montage very well is the Odessa Steps scene.In this scene, the Tsar’s soldiers march down a seemingly endless flight of steps in a rh ythmic, machine like fashion. While walking down the steps they are shooting into the crowd of town’s citizens creating a traumatic massacre. There were several victims including an older woman trying to stop the soldiers but she is stabbed with a knife. The next shot is of a young boy that was killed and his mother was protesting for them to help her because her boy had been hurt, but they didn’t even listen and shot her.The next shot flashes to a mother holding onto a baby carriage but she is shot. As she falls to her death she knocks the carriage down the steps. The camera continues to show the carriage tumbling down the stairs and then zooming in on the wheels of the carriage and it quickly plummets down the steps. During these main shots, there were quick shots of other town citizen’s dying and scurrying to get away. This seven minute scene just showed complete and utter chaos.Montage is used for the Odessa Step scene because it allows Eisenstein to manipul ate the audience’s perceptions of time by stretching out the crowd’s flight down the steps. The rapid progression and alteration of images in the sequence gives the audience just a piece from a dreadful nightmare. This sequence of montage sets up the audience to rise up against oppression and the Tsar government. In Orson Welles 1989 film, Citizen Kane, the specific film technique that stands out right from the beginning is mise-en-scene.As explained earlier mise-en-scene is what the director decides to put into the film frame such as lighting, the setting, costume, and the movement and actions of figures appearing within the film. The scene that shows the most powerful and significant mise-en-scene is the first flashback scene set at Charles Foster Kane’s (Orson Welles) childhood home. The scene begins showing Kane in the background, while in the foreground, his parents (Mary and Jim Kane) and Mr. Walter Parks Thatcher (George Coulouris) are discussing his futu re.Kane appears visually trapped within the frames of a window, foreshadowing the way in which he will be â€Å"trapped† into Mr. Thatcher’s guardianship. During the scene, they show a close up of Kane’s facial expression and they fade out to reveal the sleigh, Rosebud, which he was happily playing with moments before. The beginning scene of the flashback of Kane’s happy childhood being given into the hands of Mr. Thatcher illustrates mise-en-scene very well. The scene provides a great example of deep focus, which is the drama within the frame.The director focuses on the foreground with his mother signing the papers, the father in the middle by the door, and young Kane outside the window. The use of mise-en-scene keeps the audience intrigued into who Kane was referring to when he was dying and asked for rosebud. They continue to use long take, long shot, and at the end the moving camera reveals what Rosebud was. By not revealing that Rosebud was the sled from his child hood right from the beginning, the audience stays curious as to who Rosebud really was.In Stanley Donen and Gene Kelly’s 1951 film, Singin’ in the Rain, the specific film technique that stands out is mise-en-scene. When mise-en-scene is applied to film it means everything that is present before the camera, which includes arrangement of props, actors and sets. During the entire film, mise-en-scene was shown through performance of the main characters Don Lockwood (Gene Kelly), Kathy Seldon (Debbie Reynolds), Lina Lamont (Jean Hagen) and Cosmo Brown (Donald O’Connor). These characters would often express their emotions through song or dance.One example of a scene that shows mise-en-scene thoroughly is when Don Lockwood performs the song, â€Å"Singing in the Rain. † The scene starts with Don Lockwood kissing Kathy Selden on the doorstep of the house. This starts off as a long shot before zooming into a close up of the two kissing and they are both under Lockwood’s umbrella, which is a crucial prop for the entire scene. There is a constant rain throughout the scene, which is acknowledged by Kathy who states â€Å"This California dew is just a little heavier than usual tonight,† before she goes back inside.Don then waves away the waiting taxi which has been visible since the start of the scene. Don begins to sing the opening of â€Å"Singing in the Rain. † He then shuts his umbrella and begins dancing down the street, filled with a mixture of houses and shops with displays on the window. Don interacts with almost all of the props like the light pole on the sidewalk and the puddles of water on the road. Two people rush past him hiding under a newspaper, while he dances around them giving them a cheerful wave.Throughout his performance, Don carries an umbrella as some kind of dance partner, and at one point using it as an air guitar. This technique is used in the movie to allow the audience to use the pe rformance to perceive different perceptions and meanings of the images and sound. Mise-en-scene in this specific scene with Don creates a different effect, leaving the audience with a feel good moment. Everyone lives in a different reality and that is why people enjoy watching films. They give insight into the worlds of others.Film directors do their best to portray their characters’ lives and make them as believable as they can. They do this through the different film techniques to help describe the way that meaning is created throughout the film. Many help set up the realism with costumes, setting and performance, while others use a series of quick shots to condense space, time and information. Even though film is just a story or event recorded by a camera as a set of images, when shown to an audience the meanings created helps them to better understand the films overall.

Monday, January 6, 2020

Investment Analysis Using Reuters Financial Database Finance Essay - Free Essay Example

Sample details Pages: 12 Words: 3607 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Standard Chartered PLC is the merging of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China at 1969. The company headquarter is in London, England and the branches are operating all over the world (Standard Chartered Bank, 2010). They main business strategy is focus on Consumer banking, Wholesale banking, SME banking, Islamic banking and Private banking. Don’t waste time! Our writers will create an original "Investment Analysis Using Reuters Financial Database Finance Essay" essay for you Create order Other than that, Standard Chartered is approaching 3 main principal in their business model that are participate in growing market, positioning as a global leader and effective costs and risks control (Standard Chartered Bank, 2010). Standard Chartered also listed on London, Hong Kong and Mumbai stock exchanges market and it also part of FTSE 100 Index. Standard Chartered tends to come out with large capital for the further expansion to Europe, Asia and Africa. At 2000, Standard Chartered is successful to acquire ANZ Grindlays and it help to enter the market in India and Pakistan. As a result, it brings the huge profit for the companies and strengthens their market position (Yahoo Finance, 2010). Technical Analysis Dow Theory is a type of technical analysis that assumes the stock market movements are rise or fall together and economic trend can be predicted (Copsey, 1999). Dow and Hamilton stated that there are three types of price movements for the Dow Theory: primary movements, secondary movements and daily fluctuations. Primary moves can be indentifying from a few months to several years and it can determine the trend of the market. The primary upward trend market is representing the bull market and downward trend is representing the bear market. Secondary movements are move in opposite direction of the primary trend from a few weeks to a few months. Therefore, the secondary trend movement are regularly more volatile than those of the primary move. Daily fluctuations always go with or against the primary trend and within a few hours to a few days, but not exceed a week (Stock Charts, 2010). Figure 1: Bull Trend from 2003 to 2007 In figure 1, Standard Chartered is on the upward trend during 2003 to 2007. The upward trend price can form a series of rising peaks and rising troughs. Therefore, STAN.L is in bull trend because the price is moves according to the support line. It doesnt move straight upward but has some corrections along the way. Figure 2: Bear Trend from 2008 to 2009 In figure 2, Standard Chartered is on the downward trend during 2008 to 2009 when a bear trend starts at the end of a bull trend. The downward trend price can form a series of declining peaks and declining troughs. Hence, STAN.L is in bear trend because the price is moves according to the resistant line. In a bear market, it is not moving straight downward because secondary movement create rallies in that period. When a rally ends with a bottom low, it shows the end of the bear trend and the rise of the bull trend. In 2010, the red support line is showing the bull trend after 2009 and it might continue for at least few years before the bear trend start. Elliott Wave Theory Elliott Wave theory is a type of technical analysis that uses to predict the market trends and the price patterns. Elliott believed that stock markets follow repetitive cycles because it reflected the investor psychology (Beckman, 1976). Therefore, market cycles are dividing to two separate type of wave: impulsive wave and corrective wave. An impulse wave will contain 5 elements while corrective wave contain 3 elements. The impulse waves are following the direction of the trend for example up in a bull market and down in a bear market, the corrective waves are always move against the trend (Arotec, 2010). Figure 3: Elliot Wave on STAN.L C A B 5 4 3 2 1 In figure 3, the impulse wave for Standard Chartered is follows a bull trend. The graph show that the three waves in the direction of the upward trend (1, 3, and 5) and wave 5 is the end of the bull market because it already achieves the new highest price. After that, the share price fall drastically during 2008 and corrective wave is begin to show the bear trend (A and B). But the wave A seems to be the bottom of the bear trend and wave B continued to rise after 2009 and achieve the new peak compare to wave 5. So, the wave C will fall that predict STAN.L price will drop in the future. Support and Resistance Support and Resistance is a form of technical analysis that driven by the greed and fear forces. In other words, it represents the demand and supply theory. The price of the stocks will move down when the supply increase and the price will move up when the demand increase. In trending market, bull cycle occurs when demand increase and bear cycle occurs when supply increase. Therefore, non-trending market occurs when supply and demand are the same. A support level act as a floor to support the price to going further down and a resistance level act as a ceiling to support the price to going further up (Martinez, 2007). Figure 4: Support and Resistance Line from 2006 to 2008 In figure 4, the trend channel had been draw from 2005 to 2008 to show the Standard Chartered share price is oscillates between the support and resistance lines. The support line has been tested 5 times without being broken but at 2008 the breakout occurred and the share price fell below the support level. So, the bull trend end and the bear trend start. At the end of 2008, the share price drops to the bottom and oscillates between the second support and resistance lines. The share price had moved sideways during 2008 to 2009 and the resistance line has been tested 3 times without broken but at middle of 2009 the breakout occurred. Therefore, the share price rises against the resistance line and achieves the new peak. Chart Patterns Investment analysts always look for the patterns to indicate the direction of the market. There are two major types of patterns that are reversal patterns and continuation patterns. Reversal patterns provide an indication that the market is turning in its primary trend and continuation patterns provide an indication that the market is going continue in the same direction (Dawson and Steeley, 2003). Head and Shoulders (Reversal Patterns) The head and shoulders pattern is a most famous reversal patterns in technical analysis. It is always happened from uptrends to downtrends (bullish to bearish). This pattern includes three successive peaks with the left shoulder, a head, and a right shoulder and a line drawn as the neckline (Osier and Chang, 1995). Figure 5: Head and Shoulders Pattern from 2007 to 2008 Neckline Left Shoulder Right Shoulder Head In figure 5, the left shoulder form at middle of 2007 and marks the high point of the Standard Chartered price of the bull trend. Investors who bought the shares fear that the price has risen too high and might fall. So, they sell STAN.L shares to prevent the profit turn to loss. Bargain hunters soon return to the market and eventually push the price through to new highs that form a head patterns. However, the new highs are quickly turned back and price falling again to the neckline. The advance from the low of the forms the right shoulder because bargain hunters will buy the shares and the market rallies once more, but fails to achieve the previous peak because of the fear. STAN.L shares price fall after it breakout from the neckline at 1290p at middle of 2008. Figure 6: Volume for Head and Shoulders Pattern In figure 6, volume has a greater significance in the head and shoulders pattern. The higher price on the left shoulder will reflect the high volume as it shows on figure 6. However, the volume during the head is less than the volume during the left shoulder. The decreases in volume along with new highs that form the head serve as a warning sign. Bargain hunters are not aggressive then before that can be show on the volume. On the last rallying, volume on right shoulder increase and signalling that the buyers may have exhausted themselves. Standard Chartered share price break the neckline and the pattern is complete. STAN.L share price is falling and the bear market start. Head and Shoulder Bottom or Head and Shoulder Top? Neckline Right Shoulder Head Left Shoulder Neckline Right Shoulder Head Left ShoulderFor the year 2011, the graphs show us that there are 2 possibilities of the head and shoulder top or bottom trend will occur in this graph. Therefore, it depend on the bargain hunters whether they will enter the market to take advantage of profit taking or investors will sell the shares because it reach another peak for Standard Chartered share price. Flag and Pennant (Continuation Patterns) The flag and pennant pattern is a most familiar continuation patterns in technical analysis. There are consolidation patterns and happen after some sharp movement in the price. It only acts in short-term period during the bull or bear markets (Kirkpatrick and Dahlquist, 2007). Figure 7: Flag and Pennant Pattern at Q2 2009 FlagpolegpoleIn figure 7, Standard Chartered share price had a sharp increase and the volume increase drastically in 2009. Then, a pennant appears within 12 weeks after a sharp increase in price and volume. Bargain hunters are not willing to bid up the stock and shareholder enter the market to sell their shares to earn the profit. The flagpole occurs from the sharp advance break a trend line. The form of flags and pennants require a sharp advance or decline on heavy volume. According to figure 7, the volume of STAN.L shares decline after the heavy volume. When the share price break above resistance signals, the pennant is finished and the bull trend continues. MA (Moving Average) MA is type of technical analysis to indicate the trend of the market and help to predict the market turning point. The share price will use as an indicator to form a trend and it do not predict the price direction. A short MA will respond more quickly than a longer period MA (Greene, 2008). Golden Cross Death Cross Golden CrossFigure 8: Moving Average Triple from 2005 to 2010 Death Cross In figure 8, there are 3 moving average line that the red colour represents the 50 period, green colour represent the 100 period and purple colour represent the 200 period of MA. The interaction between 50 day and 200 day of MA can use as an indicator of a switching between a Bull and a Bear market. The golden cross is usually show the start of bull market and death cross is show the start of bear market. In figure 8, the 50 day and 200 day had cross around end of 2006 and Standard Chartered share price is moving up and signifying the start of bull market. It creates the buy signal for the investor to enter the market. Next, the line cross again at end of 2008 and the 200 day MA is moving above the 50 day MA. It shows the death cross and the STAN.L share is falling and start of bear market. It creates a sell signal for the investor to quit the market. At 2009, the 50 day MA is cross against the 200 day MA and the golden cross occur. As STAN.L is on bull trend during 2009-2010, it cre ates the buy signal again and the share price is achieving a new peak. MACD (Moving Average Convergence and Divergence) MACD is a type of oscillator that can measure market momentum as well as follow or indicate the trend. MACD consists of two lines, the MACD Line and the Signal Line. The MACD Line measures the difference between a short moving average and a long moving average. It generates the buy and sell signal. When the MACD Line and the Signal Line cross signals are generated (Stock Charts, 2010). Figure 9: MACD from 2008 to 2010 Buy Bullish Divergence In figure 9, the red colour line is a MACD Line and the green colour is a Signal Line. A buy signal is generated when the MACD Line crosses from below to above the Signal Line, the further below the zero line that this occurs the stronger the signal. The Standard Chartered share is generating a buy signal during 2008 to 2009 when the share price drop to the bottom of the bear market. So, it create the bullish divergence is when prices are making lower lows but the MACD is making higher lows. This is a sign that the down move is weakening and ensuring the buy signal. Figure 10: MACD from Aug 2010 to Dec 2010 Sell Bearish Divergence In figure 10, Standard Chartered PLC share is generating a sell signal during August 2010 to November 2010. A sell signal is generated when the MACD Line crosses from above to below the Signal Line, the further above the zero line that this occurs the stronger the signal. So, the sign of up move is weakening due to bearish divergence occur when prices are making higher highs but the MACD is making lower highs. Consequently, it strengthens the sell signal for STAN.L share. Average Direction Index The Average Directional Index is an indicator for the market whether is trending or moving sideways. The analysis of Average Direction Index is a process of assessing market trend and determines whether investors to decide which is the strongest trends and gain good profits during the strong trend (Option Trading Guide, 2010). Figure 11: Average Direction Index from Aug 2010 to Dec 2010 Sell Buy In figure 11, the red colour line is Positive Direction Indicator (+DI) and the green colour line is Negative Direction Indicator (-DI). If the +DI line is above the -DI line then the trend is up, and if the -DI line is above the +DI line the trend is down. Buy and sell signals are generated by the +DI and -DI lines. If the +DI crosses above the -DI line, this is a buy signal. A sell signal is generated when the -DI line crosses above the +DI line. Standard Chartered share is on the uptrend during early of September 2010 when the +DI line is cross over -DI line and it creates the buy signal. On middle of December 2010, the -DI line is cross over +DI and it show the market is overbought. As a result, investor should leave the market and sell the share due to the sell signal is been create. Fundamental Analysis Ratio Analysis: Value Investing In fundamental analysis, I choose value investing as my stock picking strategy. According to Chan and Lakonishok (2004), value stocks have made higher returns compare to growth stocks. The analyst had done the experiments over the small-cap stocks and large-cap stocks and the result show that value investing is more suitable. It was because value stocks had less effect compare to growth stocks when the stock market in the downturn. There are several studies prove that extrapolative biases in investor behaviour might affect the investment decision. Investors are overbid the prices of growth stocks as the prices of value stocks dropped far below their value based on fundamentals. Therefore, value investing is the best choice for long-term investment strategy. Figure 12: Overview of Standard Chartered Fundamental Analysis as at 14/12/2010 Earning Yield Earning Yield is the ratio of earning per share over the current market price per share. The earnings yield is the opposite of the P/E ratio. It is measure the percentage of each dollar invested in the stock that was earned by the company. According to Graham (1949), he suggests that if the earning yield was double the yield on a low risk corporate bond (AAA rated) the stock represents good value. Standard Chartered earning yield is 6.34% and the 5 years AAA bond yield is 3.35%. So, the earning yield should be 6.68% to meet the criteria. Figure 13: STAN.L PE Ratio as at 14/12/2010 P/E Ratio P/E ratio is the ratio of current share price over the annual earning by the company per share. A high P/E ratio company is expecting higher earnings growth in the future compared to company with a lower P/E. P/E ratio usually do not reflect the real value of the share but it is helpful to compare the P/E ratios of one firm to other firms in the same sector. According to Graham (1949), the stocks with a PE of less than 40% of the market average over the last 5 years will have the large room to growth. Standard Chartered P/E ratio is 15.78% and the overall sector PE ratio is 13.02%. Therefore, Standard Chartered does not fulfil the 40% criteria. Figure 14: 10 year UK bond and STAN.L Fundamental Ratio as at 14/12/2010 Dividend Yield Dividend Yield is the ratio of annual dividends that paid by the company over the current share price. In other word, dividend yield is use to determine the amount of cash flow that the company earn to be invested in its own share. Therefore, for those risks adverse investors that prefer a steady income from their investment portfolio should invest in stocks that paying relatively high and stable dividend yields. According to Graham (1949), a value stock should have a yield at least 2/3 that of AAA rated bonds. Standard Chartered dividend yield is 2.65% and 10 year UK government bond yield is 4.18%. Therefore, the dividend yield should be 2.79% to meet the criteria. Price to Book Value DDM is a share valuation method on the cash flow that receives in the future to find the intrinsic value. In real life, many investors do not believe on DDM because it always produces a negative bias to valuation estimates. Hence, we will use constant growth rate of the dividend or 3-stage model to solve the biasness (Fuller and Hsia, 1984). First, we need to assume the risk free interest rate, expected dividend growth rate, risk premium and periods of dividend growth. For Standard Chartered DDM, we will use the default risk free rate that same as the yield on 10 year UK gilts. According to Goedhart, Koller, and Williams (2002), the risk premium for UK equity market is 3.5% to 4%. The result of DDM is show at figure 18, constant growth rate model has show if the expected dividend growth rate is 7% then the share price is more than the current value. But for the estimate growth rate at 5% or 6%, it show the current share price is overvalue and investors should sell the share. Therefore, a constant growth rate of 7% p.a. might not be realistic in this current economic situation. For 3-stage model, we will assume that the first stage is high stable growth and will last for 5 years, second stage is declining growth that last for 10 years and the last is infinite stable growth. Standard Chartered is on the maturity stage in the business life cycle and the potential to grow is limited because the competition is very high in UK. As a result, for case 1 and case 2 the value of the stock is under the current share price but case 3 is 13.88% more than the current share price. But 15% for the first 5 years is unrealistic and it shows the share is overvalued. From the aspect from technical analysis, Standard Chartered share price is on bull trend according to Dow Theory and Elliot Wave Theory. From the chart patterns, it shows the STAN.L is on head and shoulder top or bottom but we need to determine the volume for the share price in the future to confirm the patterns. Moving average and MACD are produce the sell signal for STAN.L because the share is on the peak compares to historical data. At last, the average direction index also giving the same signal that STAN.L is overbought and it advise the investors to sell the share in the future. From the aspect from fundamental analysis, Standard Chartered share price is testing by the ratio analysis to determine whether the share is undervalued. Standard Chartered is fail on earning yield, PE ratio, dividend yield, P/B ratio, and debt to equity ratio, therefore, the share price is not undervalue. Next, we use target price model to calculate the intrinsic value of the share. So, Standard Chartered share price in target pricing is higher than current price but after our justification the share price is not undervalue because the estimate EPS is too high for current market. The DDM also show that the Standard Chartered share price is overvalue by our estimation for constant growth and 3-stage model. In the nutshell, investors need to decide whether to follow technical analysis or fundamental analysis. Therefore, we need to determine whether the FTSE 100 markets are efficient. If FTSE 100 is weak form efficient market hypothesis, all the historical information will reflect on the share price and analyst cant use technical analysis to do the prediction. Analyst stating that FTSE 100 might be semi-strong form efficient market hypothesis that reveal all publicly available information on the share price and fundamental analysis cant produce any unusual return. Some of the researchers claim that stock market is like random walk that analyst cant predict the share price by historical data. Therefore, Malkiel (1999) is claim that there is no point to do technical analysis and fundamental analysis because the stock prices reflect all the available information that is relevant to the price. But some of the analysts claim that there are some fund managers able to beat the market consistent ly by their stock picking technique. At last, there are many different opinion between practitioners and academics as to how efficient markets and how useful stock picking and the market timing. For my opinion, whether we choose technical analysis or fundamental analysis, we need to determine the result by ourselves. There is no right or wrong answer on which analysis we approach. In this project, the result for technical analysis and fundamental analysis on Standard Chartered share is showing the sell signal, so the investors who have the share should hold the share or sell it in the future.