No one take birth as a criminal Essay

No matter one make a crime but he/she may be driven by conditions so one could thought they were humans if they did not did it constantly for their sake criminals deserve to be punished. Most of the people would not hesitate to claim that those who break the law should be punished ans]d put into prison as long as possible in case they continue to endager our lives and property. Also, if criminals are not given any punishment they may commit crimes again and again.Crime in general is the worst thing a person can do because it violates the law and it is a violation against the victims.Therefore, to protect the security of the society they should be punished according to the severity of the crime. So, regardless of what sort of crime someone is commiting they have to pay for their crime. think that the criminals should not be punished as they are not born criminal. They become criminals due to the circumstances faced by them . A person does not commit a crime without any reason. The bible also says ‘HATE THE SIN AND NOT THE SINNER ‘. So the criminals should not be given the punishment but the crime should be punished One thing is clear – there are far too many people in American prisons. There are far too many ‘criminals ‘ in prison despite the fact that they pose no significant threat to society. As a result – otherwise productive citizens are sitting in a jail cell costing taxpayers money to look after. Despite this, there are many non-violent crimes which warrant jail time. Without this, the penalties for breaking the law might be so mild, that people will take calculated risks. For instance, when I was a child, I was told not to eat more than two cookies. However, the punishment if caught would be that I would have to return the excess cookies. Therefore, from my point of view, it made sense for me to always try and get away with extra cookies. If the punishment had been a spanking, being grounded etc – then I would have factored in the risk, and would have decided against taking extra cookies. Imagine if CEO ‘s took the same view towards corporate fraud. Now, I am not suggesting that people who break any infraction of the law should go to prison, nor am I suggesting that the current system is perfect, or even remotely close to perfect for that matter. However, I do feel that there are many non-violent crimes which merit a prison term – not community service, not a suspended sentence, not house arrest and not probation – but prison. Here are a few examples: 1) Repeatedly driving drunk or with a suspended sentence. 2) Defrauding seniors out of their life savings. 3) Ignoring the constitution and illegally wiretapping American citizens. 4) Making hundreds of millions of dollars while falsifying documents to trick investors into investing in your company. 5) Selling crack. Do we really want these people on the streets? Do we really want to give them a slap on the wrist? Do we really want to give these people a chance to escape and go to a South American country to retire? Absolutely not. These people might not kill, but they are every bit as dangerous as the drunk who punches a cop in the face No man take birth as a criminal. Their circumstances force them to do what their heart never wills. Their circumstances can be anything it can be due to poverty, ailments or shortage of food. As in the drama bishops candlesticks the convict steals to save his wife from suffering which he never wanted to do. But there was no way other than stealing. But after stealing as by his luck he was caught. And the punishment given to him was too big for his shoes. This was just an example. Imagine how many people in this world would be suffering like this.Instead of understanding the pros and cons of the prisoner he is chained and whipped behind the bars. After a great suffering in the jail they just convert the criminals into a wild beast. Criminals are also human beings and they need to be consulted.No man is born great and no man is a criminal.They want to get wok but there is no employement for them because of shortage of wealth. Society should treat them like normal people.They should be consulted and given a job.People are the future.People should change the world.In this generation by stealing or by lazing around there is no escape.They have to be preached in a certain manner. By these i conclude that criminals arent wicked and do not deserve punishment. We can leave even 1000 criminals to escape but nowhere should one innocent be prosecuted I do not agree with the statement that All Criminals Are Wicked And Deserve Punishment. No body is a criminal from birth. It is the environment in which he grows that makes him a criminal or a respected man. Some people turn into criminals due to poverty as they are not able to nourish their family as theConvict in the Bishop’s Candlesticks. He is a good man but his poverty made him worst. Crime needs punishment but first one must look into the reason of the crime and then punish the culprit. Nowadays it is seen that criminals are roaming free and innocent people are sent to prison.One wrong step can turn innocent people into criminals.To remove crime and criminals we have to clean and purify this world and there should bejustice for everyone. o man take birth as a criminal. Their circumstances force them to do what their heart never wills. Their circumstances can be anything it can be due to poverty, ailments or shortage of food. As in the drama bishops candlesticks the convict steals to save his wife from suffering which he never wanted to do. But there was no way other than stealing. But after stealing as by his luck he was caught. And the punishment given to him was too big for his shoes. This was just an example. Imagine how many people in this world would be suffering like this.Instead of understanding the pros and cons of the prisoner he is chained and whipped behind the bars. After a great suffering in the jail they just convert the criminals into a wild beast. Criminals are also human beings and they need to be consulted.No man is born great and no man is a criminal.They want to get wok but there is no employement for them because of shortage of wealth. Society should treat them like normal people.They should be consulted and given a job.People are the future.People should change the world.In this generation by stealing or by lazing around there is no escape.They have to be preached in a certain manner. No man take birth as a criminal. Their circumstances force them to do what their heart never wills. Their circumstances can be anything it can be due to poverty, ailments or shortage of food. As in the drama bishops candlesticks the convict steals to save his wife from suffering which he never wanted to do. But there was no way other than stealing. But after stealing as by his luck he was caught. And the punishment given to him was too big for his shoes. This was just an example. Imagine how many people in  this world would be suffering like this.Instead of understanding the pros and cons of the prisoner he is chained and whipped behind the bars. After a great suffering in the jail they just convert the criminals into a wild beast. Criminals are also human beings and they need to be consulted.No man is born great and no man is a criminal.They want to get wok but there is no employement for them because of shortage of wealth. Society should treat them like normal people.They should be consulted and given a job.People are the future.People should change the world.In this generation by stealing or by lazing around there is no escape.They have to be preached in a certain manner. By these i conclude that criminals arent wicked and do not deserve punishment. we can leave even 1000 criminals to escape but nowhere should one innocent be prosecuted

Personal and Professional Ethic Essay

List 2 examples of legal issues affecting healthcare and describe how you determined your choices to be legal issues. 2. Give 2 examples of ethical issues affecting healthcare and describe how you determined your choices to be ethical issues. 3. Give 2 examples of moral issues affecting healthcare and describe how you determined your choices to be moral issues. 4. Describe the impact your own personal ethics may have on your practice as a healthcare professional. 5. List 3 ideas that you have for keeping your personal and professional ethics separate: . How does diversity (ethnic, social and cultural) play a role in providing patient care for your chosen profession? Unit 9 Project Questions: Part II (NOTE: you may need to refer to chapter 3 and/or Unit 2 for this section) 7. What is the name of the professional organization related to your chosen career? (NOTE: a list of professional organizations can be found in the Code of Ethics and Professional Organizations module in the Reading section of Unit 2) 8. How will your professional Code of Ethics help to guide you in making decisions on-the job? NOTE: a link to your Code of Ethics can be found in the Code of Ethics and Professional Organizations module in the Reading section of Unit 2) 9. How does your professional Code of Ethics differ from the American Medical Association Code of Ethics? 10. Does your professional organization offer a credentialing exam for your career? If so, what is the name of the credential you can receive after passing the exam? 11. For most allied health professionals, a certification can be preferred but is optional. Why is this? 12. Name two healthcare professionals in which a license would be required to practice.

Gimpel the Fool Essay

Technology essay – Advantages and disadvantages of technological advances Technology has been progressing at an astonishingly rapid rhythm, and it has been changing our lives in a scaring way. In the future, our lives might change even more, with several benefits and dangers of technological advances. Everything evolves around 3 concepts: technology, science and future. So now arises the question: will this technology advance make society better or worse off? On the one hand, several benefits will make society better off. For example, advances in cosmetic surgery will lead to people being highly satisfied with their personal appearance and happiness among society will be increased. For example, people that feel ugly and can’t find a couple will now be able do it with facial metamorphosis, and they won’t be depressed anymore. In conclusion, society’s welfare and happiness will be increased by cosmetic surgery. Another example is genetically modified food. The ability to modify the food’s gens will allow crops to grow faster. This will lead to higher amounts of food being produced at lower prices. As a consequence, world’s hunger rates will be dramatically reduced, with higher nutrition rates taking place. In conclusion, genetically modified food will affect positively human hunger and nutrition rates. Lastly, human lives will also be benefited by another important technological advancement: animal clonation. Species extinction will be reduced or even stopped, as well as hunger rates to the increase in supply of food. To sum up, animal clonation will solve some of the key issues which are actually part of the world’s daily agenda. Overall, human life will be changed in a very positive way by advancements such as the mentioned before and some actual key issues won’t exist anymore. However, technology might also bring severe dangers to human life, being society’s welfare not maximized and in a very extreme case, humans might be extinct. An example of this situation is life expectancy increased to 120/130 years old. Besides this might be seen as a positive fact because we will be able to have a higher quality and longer life, increasing the life expectancy to that range of years will make more profound an actual worldwide issue: overpopulation. If humans start living until 120/130 years old and the birth rates remain constant, then overpopulation will take place, global warming will increase at a higher rate and human life will be seriously threated. In conclusion, increase life expectancy might be a danger to human life if it’s not applied properly. Another example, which is less â€Å"catastrophic† than the previous one mentioned is online education. If we look at a â€Å"hardware and internet connection timeline†, we will be able to notice that internet connection has been doubling its speed every 5 years, and hardware per capita (ie: the amount of computer/s owned by each person all over the world† has been increasing at a constant rate of 25%. This is a good fact, which also implies that online education will take place in the short term future. But isn’t this good? Research have shown that if online education would take place, students would suffer the syndrome of social isolation, which means that mental disorders would be suffered by students as a consequence of a lack of social interaction, as well as decreased happiness and welfare in society due to the unsocial students. In conclusion, besides it might increase individual productivity as students can adopt their own working patterns and practices, it represents a big problem to society. To finish off, another example is technological advancements in internet resulting in a loss of privacy. This is because there will be higher software’s available to spy other people and get into their private life, as well as the fact that the increased availability of internet in society would make all of us more interrelated. As an example, software’s will be available to steal our Facebook account or any other social network password, or if any photo is uploaded to Facebook then people might be able to see it without the publisher of the photo even knowing. In conclusion, it might be considered as a minor issue in society, but as internet and globalization has been having a remarkable growth, this danger will be more noticeable in the long term and will definitely need to be treated. In conclusion, technological advancements are always seen as a good thing but however, they might represent a real danger to society, even threatening human life to extinction. This is not because of the nature of the technological advancements, but because of its over use or misuse by society, and all the dangers these advancements generate could be easily reduced or removed with government intervention and a market that would automatically stop or reduce its consumption because it brings dangers among its consumers.

Business Intelligence System modeling Essay Example | Topics and Well Written Essays - 1000 words

Business Intelligence System modeling - Essay Example In order to remain relevant in a competitive business environment, an organization should have a strong change management strategy that must influence all departments within an organization. In this business model, management processes, supportive processes and operational processes are interlinked to avoid departmental miscommunication. Centralization of information and data is vital in ensuring appropriate decision making process and implementation of an organization’s policy (Tennet &Economic group, 2005). Exponential Smooth This system modeling technique is essential in making future projections that are essential for risk aversion and developing financial strategies that can withstand economi9c shocks. A business may be affected by fiscal and monetary factors that may lead to inflation. As such, it is important for any business to develop computer programs that can utilize present performance of a business to detect future trends. One of the essential concepts that need to be applied is triple exponential smoothing. This business modeling technique takes into account seasonal changes when projecting possible business performance. This technique analyses the present business trends and uses them to make future projections. It takes into account the time variable (t), sequence of best time estimate for seasonal change (b), seasonal correction factor sequence c1, and the expected proportion of the forecasted trend (c2) (Tennet &Economic group, 2005). Data envelopment Data envelopment enhances productivity. It is essential in management and cost accounting department of an organization. This technique is used to measure the productive efficiency of decision making units in the organization. Data envelopment utilizes the cost variable such as labor cost in searching for the lowest unit in any given cost output in order to promote an efficient frontier. Any organization that does not have an efficient frontier is considered as ineffective in a competitive business environment. Different variables that include quality of service, number of employees, and safety of the environment can be analyzed and compared with other companies in order to determine strategies that can enhance business performance. The advantage of this technique is that it has the ability of accommodating a multiplicity of outputs and inputs. It is also essential in calculating efficiency by allowing the analysis of output level and size in determining efficiency. Cost management i s essential for any business because it maximizes profit and minimizes cost. Since one of the major factors of any business is to increase profit, data envelopment is useful because it promotes efficiency of costing techniques and developing managerial decision based on cost accounting data (Tennet &Economic group, 2005). Non linear programming This method uses mathematical optimization in solving non linear problems. It applies equalities and inequalities systems in determining long term business survival strategies. This technique is essential in forecasting an organization’s income statement to determine its profitability. In a typical non- convex problem, it can be used to optimize a specific expense among different forms of expenses to determine one that is economical. For instance, it can minimize transport cost by selecting a transport system that is economical. This technique is

The Collection Activities of the Intelligence Community Essay

The Collection Activities of the Intelligence Community - Essay Example In regard to the foregoing, experts have traditionally divided the intelligence cycle into five parts: requirements, collection, processing and exploitation, and analysis and production. After the needs of the intelligence consumers have been sorted out, it is important that there is a collection. Some requirements need specific types of collection while others require several types of collection. The question on how should or can be collected to meet specific requirements is also fully settled. It must be noted that the collection merely produces information and not intelligence. It is only after the information has undergone processing and exploitation that it can be deemed as intelligence and handed over to analysts. This process includes translations of the information gathered, decryption and interpretation of the stored data (Carello, 2012). The four steps (identifying requirements, information gathering and processing and exploitation) are then subjected to experts in differen t fields for analysis and production. These analysis and production convert the intelligence gathered, processed and exploited into reports which serve the needs of policymakers (Morrison, 2011). Presently, there are experts such as Lowenthal (2011) who have added two more processes to the five steps above, so that there are seven steps in the intelligence cycle. These processes are dissemination and consumption and feedback. The reason behind the addition of the two steps is the hat how policymakers consume intelligence reports is important and that it is of great value that policymakers report back how their intelligence requirements were met to allow room for adjustments and improvements.

Strategic Plan Part 1 Research Paper Example | Topics and Well Written Essays - 1000 words

Strategic Plan Part 1 - Research Paper Example The company will be known under the name and style of Mangoamla Juice Centers LLC and juices will have 4-5 variances such as pure amla juice mixed with ginger and turmeric, pure mangosteen with ginger and turmeric, mangosteen-amla mix and so on. The products that the company aims to serve are different than any available product in the market as nowhere fresh juices prepared from amla and mangosteen are served that are full of antioxidants. Antioxidants protect cells of the human body from cancer causing free radicals. Mangoamla Juice Centers aims at not only building awareness about antioxidant rich fruits but also make them available to the masses in their vicinity (Carlsen, 2013). Amla Mangosteen Vision Statement Mangoamla Juice Centers’ vision statement is to enrich the people’s health with naturally occurring antioxidants and become a champion in protecting people’s health. Mission Statement Mangoamla Juice Centers’ mission statement is to satisfy hea lth-conscious masses with the organically grown antioxidant-rich fruits and herbs derived from the Mother Nature and help people build strong immune power to keep from deadly diseases. Our Values Integrity: We always offer what we convey. Transparency: We are transparent in what we offer. Fairness: We are always fair to our customers. Responsibility: We consider ourselves responsible and accountable to the community where we live and operate. Defining Values Talking about transparency, the company will specify all ingredients and its proportion clearly in its all typical servings. Whatever specified will be offered with full integrity and honesty. The company will take social responsibility and delve into the issues that the farming community faces in growing amla and mangosteen crops in their countries, vital for the company’s continuance and business growth. The company will advise them on increasing crop yields while farming organically; for sustainable ways of farming and the ways to reduce labor in plucking the crop thus, helping them to increase their earnings. The company will be most diligent in following all applicable laws and regulations following ethical business practices at all levels. All activities will be done in line with the best environmental practices and sustainability growth. Strategic Direction The vision, mission and values as described above will guide the organization’s overall business and marketing strategy. The company will continue to find innovative ways and introduce new products and flavors to retain customers and attract new ones. The product quality will be of highest standard and will never be compromised at any given time. The thrust will be on quicker and fast paced services with minimal waiting period in the center. The customers will be provided with pleasant and cozy environment that they can always cherish with. Understanding Customer Needs Arthritis, gout, cancer ailments, asthma and many chronic ailmen ts have been plaguing the US society since long (CDC, 2012). Traditional medicines suppress these ailments for some time but cannot treat them fully. Moreover, perennial consumption of these medicines causes huge side effects. Obama initiative is aimed at not only to provide proper treatment opportunities to all in the society but it also aims at preventive measures and raising general health standards of the people. A large number of the people in the US

Crime Seriousness and Prior Criminal Record Dissertation

Crime Seriousness and Prior Criminal Record - Dissertation Example As the discussion declares there is a positive correlation between a person’s prior criminal record and the chances that firstly, such a person is more likely to commit an offence in the future, and secondly, that there is a greater probability of such offences resulting in imprisonment. Moreover, as a result of mandatory sentencing policies, repeat offenders are now far more likely to face imprisonment. A prior record sets into motion totally different responses amongst law enforces, with the suspect considered ‘guilty until proved innocent’, rather than the other way around which is the basis of modern jurisprudence. However, this ground reality has resulted in two developments that go contrary to conventional logic. This paper stresses that though crime rates have declined, prison populations have actually increased, which questions the very basic premise that the threat of getting caught and imprisoned actually deters crime. In fact, the prison population is likely to grow in coming years. A study by the Bureau of Justice Statistics revealed that the 1994 prison population would rise by 51% by the year 2000. This is a direct result of taking into account a person’s prior criminal record, however minor and irrespective of the relevance of previous offences to the new charge. The other aspect is the increasing numbers of African Americans in particular that constitute the prison population. This is in spite of the fact that several positive changes in society such as the civil rights movement and enhanced educational and employment opportunities.

Engineering Ethics Essay Example | Topics and Well Written Essays - 250 words - 4

Engineering Ethics - Essay Example ether to tell the vice president about the revolving condition he feel blame worth for not seeing the problem at much earlier date which could have helped to counter the problem at an earlier date. Though it shall be a sign of incapability Tim should take the obligation and take the issue to the vice president of the company for more help. Tim should wait for the right material to be availed to the company so that he can start the manufacturing here he should assume no deadline exist within the order. Through diverting other resources to the said venture it becomes possible to have the supply in shortest time possible (Graham, 2008). In the case where Tim calls Arnold and he says that it’s his duty to take care of things Tim should weigh option he has at hand, Tim should use the old components instead of new ones. He shall have something to deliver though it’s not fair to the customers its just having in mind on the urgency of the situation Tim should be bold enough to call the customers end explain to them that due to unforeseen machine supply shortage, they should expect a slight delay. After the agreement is reached between him and the customers, to avoid the impurities that would have been there if the work was done on much higher speed, Tim should instruct the process to be done with the appropriate speed to eliminate impurities (Wallace, 1998). In the case where Arnold learns that Tim substituted the old components he should explain that it was an unintentional negligence which did arise due to shortage in machine supply, additionally the customer was very clear on the time factor which was a must to be meet. Tim should say that he has taken matters to have periodic inspections to avoid such future happenings. Tim should be ready to take the blame of giving the wrong materials without consulting others; he should argue that he is not morally responsible for it was not his fault that the machine failed to work since if it would have worked he would

Reflection paper Essay Example | Topics and Well Written Essays - 500 words - 43

Reflection paper - Essay Example of the experiences I have had both in my life as a practicing nurse and as a health care service seeker makes me confident to say that technology cannot replace the care given by nurses. This is not to imply that I am opposed to the evolution, but rather to show that the use of such advancements should only supplement the care given by health professionals. One instant which is still fresh in my mind was when I was hospitalized as I was just about to deliver. During the pregnancy, I had always being in good health and this made me certain that I was going to have a normal delivery. As a care giver, I always believe that a normal delivery is the best. Things, however, changed when I was informed that I had to undergo the caesarean section surgery. This caught me by surprise considering that I had not shown any signs of a complication. Caesarian section surgery is a very innovative and important procedure, which has helped many expectant mothers who cannot deliver normally (American Baby Team, 2014). This procedure can be pre-arranged or resorted to due to unforeseen complications like my case. In the latter, it may be necessary because the baby is distressed, in a breech position or if the mother has had the procedure before (Carlson, Eisenstat & Ziporyn, 2012). I didn’t have any of these conditions and my pregnancy had been a ve ry normal one. Undergoing the surgery really affected me psychologically. I could not believe it since I was healthy and capable of having a normal delivery. After having my baby, I was not only distressed, but also upset. I was disappointed in myself for not being able to avoid the process. All I could do was sleep the whole day. This state was even affecting my recovery from the procedure. Luckily for me one of the nurses noticed my strange behavior and state of distress. She came to me and asked why I was in such a state yet I needed to relax and recover to be able to take care of my baby. I found courage and explained to her the

Lenin's The State and Revolution critical summary Essay

Lenin's The State and Revolution critical summary - Essay Example For many Marxists, grasping the essence of State and Revolution is regarded as the hallmark of genuine communists. The social analysis presented by Lenin ultimately justifies violent revolution. Lenin explains that those who continue to claim that they are Marxists too are exposed as fraud if they dispute the concept that only a violent uprising led by the proletariat and participated by all working masses can bring about the downfall of the bourgeoisie and lead to the construction of a new society where the majority are indeed superior to the minority, one that is also the cornerstone for the achievement of communism in the future. Lenin’s articulation is not just based on the earlier works of Karl Marx and Friedrich Engels though. This is also a by-product of the actual revolutionary experiences in Germany and France. Because of this, his ideas are not entirely new but are the more timely and practical perspective of Marxism. However, not everyone, even among the ranks of th ose who claim to be socialists, appreciate the points raised by Lenin. Even as he presented his criticisms against the reformists and the anarchists alike, his concepts were also heavily bombarded by the very people he criticized. From whatever perspective, whether left or right, State and Revolution is undoubtedly one of the foremost texts that shape theories useful in political science. This means that it is definitely not just the Marxists or the revolutionaries who should comprehend its meaning. The State: Establishment and ‘Withering Away’ In the first chapter of State and Revolution, Lenin reiterated the essential point raised by Engels regarding the principal character of the state. In defining the state, he merely re-emphasized Engels’ theory that it is a reflection of the reality that class antagonisms could be resolved in societies according to the current level of historical development. In Origin of the Family, Private Property, and the State, Engels points out that the state â€Å"is a product of society at a certain stage of development; it is the admission that this society has become entangled in an insoluble contradiction with itself, that it has split into irreconcilable antagonisms which it is powerless to dispel† (Engels, 2004, p.157). Social hierarchy as represented by the government is a means of instilling order, one that favors the economic elite, the bourgeoisie. It is precisely because there is a majority of working masses that need to be oppressed to instill subservience that the state creates armed components such as the armed forces and the police, aided by the judiciary and the penal system. The state, as Lenin explains, is therefore an instrument of those who are dominant also in the economic sphere. It is a coercive mechanism that is employed by the bourgeoisie in order to maintain its power seemingly, at first, in the sphere of politics. However, it ultimately serves as weapon against those who may wa nt to change the status quo in the economy and production as well. However, the establishment of the state apparently does not resolve contradictions among the classes. Instead, it only sharpens these to the point that the oppressed and exploited would deem it necessary to wage a revolution. Lenin clarifies that revolutions are not just abnormal reactions of the masses to intense oppression and exploitation. Revolutions occur as a natural response to the realities of class antagonisms. Therefore, for as long as classes

The Geopolitics of Oil Assignment Example | Topics and Well Written Essays - 750 words

The Geopolitics of Oil - Assignment Example Hence, it got imperative for the West to dominate the politics and economy in the Middle East, a resolve that only strengthened with time. As the world began to reap the benefits of industrialization signified by mechanization and automation of most of the salient aspects of social, industrial and economic existence, oil and natural gas emerged to be the primary drivers of industrial growth, economic progress and social mobility in the developed world. The developing nations were still marred by colonial suppression, conventional economies, poverty, political marginalization and scientific backwardness. Thereby, the expected outcome of this scenario was that if on the one side the industrialized West became the primary consumer of the world oil and gas resources, the concentration of the world petroleum reserves in the Middle East made it a strategic imperative to tighten the Western grip over the region. The following decades only saw a continuation and expansion of this planned Western hegemony. The meddlesome mentality adopted by the political class in Europe and the US was conveniently followed by the Western corpo rations, once they realized that petro resources surpassed any other sector, when it came to maximizing returns on investment. In a post World War II scenario, the victorious powers that are the UK, France, and the US did assure that the nations they had artificially carved out of their erstwhile fiefdoms were governed by autocratic rulers, who relied on their military and political backing to hold on to power. In contrast, the common populace in the region deeply resented these West backed dictators. Consequently in many Middle Eastern nations, this popular aversion for the meddlesome, oil hungry West led to the rise of nationalist, Islamic or socialist political forces, the most salient examples being Iran, Iraq, Syria, Turkey and Egypt. This didn’t change the Western mentality or the urge to control petroleum wealth in the

Collapse of Kingfisher Airlines Essay Example for Free

Collapse of Kingfisher Airlines Essay Kingfisher , Sony and Kodak have one thing in common . i.e. They are finding it difficult to reinvent themselves. They are trying hard to be a phoenix but will they truly rise from the ashes or simply fade away is the real question. Let us take the issue of Kingfisher here. One of Indias most high profile airlines few years back , now in shambles. It is really interesting to ponder that in same market scenario, one of the competitors of Kingfisher is flying high and high. Yes, Indigo Airlines is the most profitable airlines in India. The question is the difference between discipline or grandeur. What makes one company succeed, while another, in the same operating environment, falter? One of the reason is Mr. ( or Dr. in which degree?) Vijay Mallya flamboyant nature. Kingfisher was launched as an all-economy, single-class configuration aircraft with food and entertainment systems. After about a year of operations, the airline suddenly shifted its focus to luxury. When an airline keeps changing its model and takes to random expansion, there is no time for the airline to stabilize. After Kingfisher’s plunge into luxury came its next folly—a merger with Air Deccan, an airline formed by Captain G R Gopinath in 2003. I believe the fall of Kingfisher airlines started the very day when they bought Air Deccan. Capt. Gopinath , the owner of Air Deccan can be termed as shrewd but smart investor who knew when to part with his investment , just at the right time. The all-economy configuration of Air Deccan was rebranded and called Kingfisher Red, which continued to operate as its low-cost wing till recently. Kingfisher ended up spending Rs 550 crore on an airline that had losses of over Rs 550 crore. It is widely believed that Kingfisher merged itself with Air Deccan so that it could classify as an airline with five years of domestic flying in 2008, thus fulfilling requirements to fly international routes. The fact that Jet had meanwhile swallowed Air Sahara didn’t help, fuelling a competitive race to be the biggest airline around. Essentially, jet fuel prices began to sky-rocket and soon touched $150. Then came the 2008 recession that made fundamentals in the airline industry worse, which is when the airline launched its international operations. Some companies just fail to learn—either from the examples that its peers may have set for the industry, or from its own past mistakes. Now, Kingfisher has decided to change its model yet again—discontinuing its Kingfisher Red brand and completely converting its fleet to a dual class, full-service configuration. Kingfisher was gifted to Mr . Sidhartha Mallya by his father on his birthday i.e. a Near Zero experience in running a company and the later CEOs appointed by Mr . Mallya couldn’t bring any significant result too . His over indulgence in petty things like parties and Kingfisher Calendar also lead to inadequacies in his finances. .IPL is also one of the reason for Kingfisher downfall because it is known that many of the money was diverted to IPL from Kingfisher airlines, resulting which they defaulted in Loans and recently became a NPA (non performing asset) to its leading bankers like SBI . The lack of trust was shown recently when Mr Mallya asked the government of India to bail him out. The new minister Mr. Ajit Singh clearly told that the Government will not bail out private airline because Air India is itself in need to bail out. I personally feel that Mr Ajit singh made a good decision because When Kingfisher doesn’t give public anything in return of its profit , then why is it asking for Public hard earned money ( income tax money) to bail him out. The lack of management and top of it the soaring petrol prices, the airport charges added to Kingfishers humiliation. Frequent cancellation of flights , nonpayment to employees, rude staff laid the ground for Kingfishers grave. Kingfisher reputation took a beating when it was known that employees tax were not submitted to government on time since the last three years! Government of India also freezed 40 Kingfisher’s bank account. Latest news is that Kingfisher employees have been not paid three months salary. We all know how we feel when our salary is delayed by a day, imagine what happens to them when they are not getting salary for last three months. How do you expect the employees to keep a smiling face to its customers when they themselves are crying . A company which forgots its employees, is also soon forgotten. A classic example is Kingfisher airlines. Mr Mallya had to sell 49% of his ownership of Force India( F1 car) to Mr Subrato Roy to get kingfisher going ( owner of ailing airline Air Sahara , years back) , but it too failed to save the airlines from tatters. I still have hope from Mr Mallya that he will refrain from over indulgence and concentrate on his fragile business. It’s time he and his son become responsible and start this company from scratch instead of late night parties and IPL and took inspiration from Indigo airlines who proudly claimed themselves as Low cost airline and exceeding the customers delight in every way they can.

Unfortunate effects on rural public education in Ecuador

Unfortunate effects on rural public education in Ecuador Educator George Washington Carver once stated, Education is the key to unlock the golden door of freedom (State University 2002). Such key will never be held by the hand of Ecuadorians as the country of Ecuador struggles to provide a satisfactory education system to children in rural areas. The poor education system is a key contributor to Ecuadors state as a developing country. This limiting factor has created a vicious cycle of child laborers and inequality among children in rural and urban communities (Salazar and Glashinovich 1996). This paper will provide an in depth analysis of the education systems in Ecuador and the reform required to provide children with a better future. Ecuadors substandard education system is a consequence of the lack of government funding towards infrastructure and accessibility. With the lack of money towards education, problems such as inconsistent teaching, poor attendance, and inequalities between rural and urban scho 1ols arise. Attempted progress has been made by reformists such as President Rafael Correa who works with government funding to better school systems (Bellettini 2004). It is people like President Rafael Correa who are undoubtably the greatest source of hope to the education system of Ecuador. Last April, I travelled to Ecuador with Canada World Youth. The purpose of the trip was to form a partnership between the Canadian and Ecuadorian students. The trip provided me with a cross-cultural experience as I learnt the necessity of foreign for rural education. Our group of fourteen students raised $10,000 which was used to sponsor the education of 4 students in Ecuador including their high school fees. The failing education system instated in rural Ecuadorian communities is faced with numerous issues involving, inconsistent teaching, and poor attendance. These issues are presented due to the lack of government support and funding for education. The problems currently present in Ecuador make it difficult for Ecuadorians to become prosperous and contribute to society. Political instability within the countrys own borders have invited violent protests concerning the previous three democratically elected presidents (Lopez and Valdes 2000). Political issues as well as the economic crisis have proved to further the potential of restoring proper and effective education practices in rural Ecuador. Many social institutions demand governmental support, but it is the education system in Ecuador that is the most desperate. Researchers have highlighted that the education system has slowly been improving since the 1990s (Vos and Ponce 2004). Although, in comparison to previous decades, the educational development has decreased in effectiveness while educational inequalities has drastically grown between the urban and rural communities. The Ecuadorian government has set aside insufficient funds for their social programs as they solely contribute four percent of the countries Gross Domestic Product, compared to the average twelve percent that the general Latin American country invested (Ibid 2004). Not only has the Ecuadorian government neglected funds for the necessary social programs but they have also transferred their focus to social protection programs. This transfer of priorities has cut the funding for education programs by fifty percent (Cibilis, Giugale and Lopez-Calix 2003). The budget cut has affected all school systems across Ecuador, especially the ru 2ral communities. The limited support has caused a decrease in school infrastructure, teacher salary, and teacher training programs. The school systems are suffering and need more investment and greater reform strategies. The government must increase their investment to at least five percent of the countrys Gross Domestic Product in oder to be successful (Schiefelbein 1992). In 2007, President Correa was elected to office in Ecuador. He created a platform that believed in education excellence and education reform (Economist 2009). Since 2007, Correa has spent approximately $280 million on school infrastructure and maintenance (Ibid 2009). In addition the President has introduced logic tests which teachers must pass in order to educate the youth. These logic tests are designed to increase a teachers credibility and ability to instruct young students (Ibid 2009). Those who do not pass the logic tests are required to take a year long training course which will help to develop their teaching strategies and knowledge. The logic tests benefit the school systems as teachers become more prepared and have more effective teaching methods. These tests will be a mandatory measure for all teachers, and will soon increase the quality of Ecuadors public education system. The lack of government investment towards social programs, specifically education systems has greatly inf 3luenced accessibility, teaching methods, and school infrastructure. The rural communities are far more underprivileged then the urban public schools in Ecuador. In rural regions and in most parts of Latin America, teachers are likely to be under qualified and ineffective at instructing. Similarly to Ecuador, forty to fifty of Latin American teachers have no professional training or qualifications (Schiefelbein 1992). The lack of training and qualifications is a result of poor funding and investment by the government. Training programs and workshops are not available to all teachers especially those in the rural communities. In Latin America, people who graduate with higher levels of educations tend to move to the urbanized cities and obtain prosperous jobs (Schiefelbein 1995). Sadly, those who have poor levels of education, become teachers. Teachers with no training and limited knowledge dictate the quality of a school. Furthermore, the teaching population in Ecuador earn low salari es as the government does not believe that teachers merit higher salaries (Schiefelbein 1992). A typical public school instructor in rural Ecuador generally earns $350 per month (Torres 2005). Teachers make an insufficient salary because there is limited funding. Without funding and low salaries, most instructors at the public school level have two or more jobs to pay for their finances. Multiple jobs on the go, means that teachers sometimes neglect to show up to instruct. The Foundation for Sustainable Development claims that there is a high rate of absenteeism among teachers (sixteen percent)(FSD 2003). With teachers absent from classes sixteen percent of the time during the scholastic year, students are missing crucial learning opportunities. Most of the teachers absent for that time would be working at other jobs trying to gain a greater income. The quality of teaching in rural Ecuador and in the public system is very low as the teachers are under qualified and mostly disinteres ted in teaching. Although some teachers are effective, the vast majority of those effective teachers are accepted to teach at private schools. Private schools in Ecuador have the money unlike public schools to afford exemplarily teachers. Unfortunately for the public system, qualified teachers escape to the private schools wh 4ere their salaries are often five to ten times higher then the public system (Schiefelbein 1995)The typical school is unable to hire highly skilled teachers and will find it difficult to implement innovations to improve its educational quality (Schiefelbein 1992: 36). The methods of instruction are inadequate in countries like Ecuador. Unfortunately due to budget restraints, teachers do not have access to a curriculum to help improve their lesson plans. Without a common curriculum to be followed by all public schools, the learning becomes inconsistent and unequal between different schools and regions (Schiefelbein 1992). Simple skills that involve reading, writing, comprehension are difficult to achieve in rural Ecuador (Ibid 1992). Teachers do not posses the necessary credentials and materials to teach these children, as the government neglects them of the necessary resources. With limited funding invested in education, many consequences arise with improper teaching methods between schools in rural Ecuador. The greatest consequence of poor teaching is the rate of student repetition. In Latin America, only nineteen percent of nine year olds attend schools, but nearly fifty percent of the first grade students repeat as they are unable to fulfill the teachers requirements (Schiefelbein 1992). The country of Ecuador would drastically benefit if more money was invested into increasing the quality of teaching as it would decrease the rate of student repetition. Repeating a grade is not only staggering the students ability to learn and involve themselves in the work force but it also posses massive affects on the educational system financially. In rural Ecuador, repetition is two times higher then the countries average (Ibid 1992). If the ecuadorian g 5overnment were to invest more money in to developing an accessible curriculum for all teachers, repetition rates would decrease. The Ecuadorian public school system posses many problems for people in rural communities. The inconsistency in teaching methods are followed by widespread truancy as parents would rather send their child to work as opposed to enrolling them in a rural school. Limited access to schools and extra student costs for those in rural Ecuador are some of the major factors that affect enrollment rates and attendance. There are vast differences and inequities that are noticeable when comparing urban and rural education systems. Although public education is free for children ages five to fifteen years old, enrollment rates suffer drastically in rural communities. In urban developed areas, children have an average of twelve years of schooling while children from rural Ecuador only have an average of four years (Cibilis et al. 2003). Of those children who had four years of schooling, only nineteen percent of the total rural population is enrolled in school compared to eighty percent of the total urban population (Ibid 2003). Education inequities are also affecting those children who wish to attend higher education levels as only two percent of the poorest quantile attend higher education (Ibid 2003). The Ecuadorian government must learn how to disperse their funding equally among communities so that education practices and accessibility is the same for every child. One of the most common reasons for the lack of enrollment, is due to school accessibility. Although the Correo government is starting to invest more in school infrastructure and maintenance there are still minimal public schools available for children in rural areas(Economist 2009). Only 42% of children among those in the poorest quantile have access to preschool education (Cibilis et al. 2003: 271). There is noticeably more opportunity for preschool education in urban communities as they are given a higher priority over rural public education. Coincidently there are more children in rural Ecuador who need public education than urban areas. The inadequate financing and poor accessibility to public schools for those living in rural Ecuador posse major decisions on parents. They often have to decide whether or not to enroll their children due to financial limitations. Although Ecuador promises to serve the public with free education there are still extra costs that are not covered by the government. With restricted funds, families have difficulty paying for uniforms, school supplies, and transportation (Vos and Ponce 2004). The indirect costs linked to the lack of government investment are a considerable reduction in family income because the child is no longer working (Ibid 2004). Many families in rural Ecuador are faced with the difficult decision on whether to send their 6 child to school or have them work. With more government funding towards public education, parents would not have to pay extra costs for school. Therefore, parents would be more inclined to enroll their children to become educated. Although it is evident that the rural education system in Ecuador is desperate for money and seems somewhat helpless, there are reform practices taking place that are proven to be effective. Currently in Mexico, education reform is taking place that could be implemented in to Ecuadors education system. Education reform known as Telesecondary would be transferable and an effective means of reform in rural Ecuador. Telesecondary is a teaching strategy that delivers greater education through new technologies. It consists of using computers, internet and mass media (Cibilis et al. 2003). The students learning from this innovative teaching method distance themselves from the instructor. The main purpose of th 6 7is reform is to give all children the ability to learn at their own pace with a structured and reliable source of information (Cibilis et al. 2003). Another recommendation and applicable education reform strategy would be following the model of the Escuela Nueva. The Escuela Nueva project is currently being practiced in Mexico. Escuela Nueva is community based which focuses primarily on active participation, and cooperative learning (Schiefelbein 1992). The project helps children learn vital life skills by applying their knowledge learnt in class to the outside community. This model of education responds directly to the education challenges that are currently present in Ecuador. It helps to eliminate poor educational infrastructure, repetition rates, and under qualified teachers. The Escuela Nueva programs help schools to achieve a standardized curriculum, better teacher training and greater community involvement. Once part of the Northern Inca Empire, Ecuador has suffered a disruptive past. Such is exemplified as the country has faced poor governance and instability of constitutions as they have just recently imposed their twentieth constitution since 1830 ( State University 2002). However, the greatest problem to face the country is that of education. The poor education system is a key contributor to Ecuadors state as a developing country. Ecuadors substandard education system is a consequence of inconsistent teaching, poor attendance, and the nonobservance of minority groups. Progress has been attempted by reformist President Correa who has concentrated millions of dollars on bettering education in Ecuador. Undeniably, it is he w 8ho serves as the greatest source of hope to the education system of Ecuador. Although the President and his government have made much progress during his two-term reign, there are many steps to be taken to reach resolution, including the elimination of child labor. Subsequently such extensive education problems are followed by the constant battle with child labor in addition to poor economic practices. It is educational reform which will lead to the evolution of Ecuador as its citizens become literate and receive additional opportunities, such as jobs, thereby diminishing poverty (Bellettini 2004). Education may be the problem, but it is also the solution to increase Ecuadors progression to become a developed country.

Exchange Rate Risk and Impact on Foreign Trade

Exchange Rate Risk and Impact on Foreign Trade This paper uses real world application of exchange rate fluctuations, its causes and impact on the economy, risks associated with it and their management, in terms of Chinese economy to show the importance on these financial concepts and their requirement of understanding one to understand the other, all in wake of gaining he knowledge that will help in making transactions decisions that affect the economy on a global scale. Going for a bigger leap by learning to take smaller steps. Introduction The incontrovertible evidence of understanding the importance of the exchange rate fluctuation mechanism and the types and magnitude of risk, attached to the international trading affecting those who are involved in transaction across border globally deems necessary the acquisition of knowledge by those who are involved in day to day market transactions. The global economy is reliant upon the study of economic and other socio-political variable affecting the exchange rate in the international market influence the terms of trade of the trading countries and consequently inducing changes in the budget restructuring and trading quantities that are contributed to the international market by individual countries. Thus the realization of the need for this paper came upon as a research topic. This report takes into account several articles and write ups related to foreign exchange rates, their risks, exposure, and tries to plug them in with the conventional concepts of these financial instruments in order to enhance the understanding and the knowledge of exchange rate mechanism, its determinants and how it impacts any countrys economy specifically that of china. The literature support backs up the implication of the concepts applied here for the better grasp if the points that are attempting to be made noticeable. The main theme of the paper revolves around the arena of foreign exchange rates; How they impact the economy, what causes them to fluctuate, the impact of these fluctuations; How they affect the country with a changing value of currency in relative terms, a mention of the recent effects that the economies of the countries have gone into having had been affected in terms of it economy and foreign trade sector, the risk exposure associated with the fluctuating exchange rates and how does hedging help in reducing that risk. Even though the main theme would give an impression of a broad topic discussion, however we will remain confined to narrowed discussion limited within our topics only touching the subject in light of its practical application extracted from evidence presented in news articles and periodicals. This stance has been adopted, induced by the goal achieving grasp on the concepts and not on mere conventional definitions to these applicable financial-economic concepts. The paper also sees through and explains the methods of conduction of research in terms of our sources of data and our approach. Graphs and charts relevant to the topic have been provided to further clear the ideas built upon the physical evidence by analysis of these statistical data sets. Eventually reaching to base where we design a cohesive note on the findings of all the efforts put into this research and thus helping us to reach to a conclusion based upon all the facts and evidence provided in the literature review and by the statistical data charts and graphs. Literature Review This section imparts knowledge using empirical evidence that is published in newspaper journals and articles and is related to our topic of interest, to augment the understanding of the financial concepts and phenomena that take place in the economy. Following are some critical reviews of articles pertaining to topic: Exchange rate risk, determinants and its impact on foreign trade. Exchange Rate Fluctuations and its Causes. The issue of the undervalued currency of China (Renminbi).and not just undervalued the word substantial puts the emphasize on the meaning shedding curious gazes as to what might be the reason behind this, has been presented by the corporate author (Business Asia, 2007).However, the year 2007 and the year following that were expected to bring appreciation according to the author. The low valued currency helped in the exports volume increment but at the same time incurred costs in other sectors. The so expected appreciation would bring prosperity to the economy, indicating an economic growth or a path led to success. On the other hand, the appreciated currency would, by all means, even if little, impact the exporting sector negatively making the goods sold to foreign countries less cheaper and making the existence of Chinese goods in the competitive market all the more tougher (Business Asia, 2007). El-Erian, ONeill, Bergsten, Mohamed (2007), further takes the discussion forward with appreciating Chinese currency and at the same time the threat of protectionist trade measures and the falling dollar. He sheds light upon the problem of falling dollar and how it would be a problem being a constraint upon the Federal Reserve Bank to take measure against the economic down turns led by the crisis in the real estate. On the other hand, the Chinese Yuan has been allowed to appreciate modestly in the past two year from the time the article was written keeping an eye for the threat of protectionist measures (Business Asia, 2007). Already the appreciation had caused much apprehension for the Chinese; dollar falling further would be putting too much on their plate. The Depreciation of Dollar would imply further appreciation in Chinese currency which would threat the exports sector much. Nevertheless the depreciation of dollar by and large is a development for the world economy despite some negative consequences it may have on trade. And the circumstances are much more predictive for the weak dollar than the reality assumes, and it sure is likely to remain that way (El-Erian, ONeill, Bergsten, Mohamed, 2007). The important issues discussed by the corporate author diverts our attention towards the sterilization efforts, issuance of liabilities and Sino-US relation that are the main factors affecting the pace of the appreciation expected (Business Asia, 2007). The so long undervalued Chinese currencys expectation to rise was induced by the central banks intention of sterilization for the manipulation of exchange rate, however all depended upon the success of this effort. The central bank can control the exchange rate by buying or selling the currency and hence stimulation and increase or a decrease respectively in the relative supply of the currency in circulation. Furthermore in sterilizing it insulates itself from the foreign exchange operations in order to prevent potentially adverse impacts of capital inflow or outflow. Thus in order to appreciate the Chinese Renminbi against US dollar the central bank of china would buy the domestic currency and create a shortage of supply, therefore i ncreasing its value and it would sell the American dollar for the reverse effect. Hence, the Chinese currency would appreciate. (Business Asia, 2007) El-Erian (El-Erian, ONeill, Bergsten, Mohamed, 2007), taking a step further, reasoned the apprehensive condition of the Chinese, to see the falling dollar after all their efforts to keep the appreciation of their own currency modest. The threat of declining exports leading to broadening of trade balance was imminent. And to top it off the depreciating dollar only sought to be a cause for an augmentation of risk in the painstakingly controlled economy (El-Erian, ONeill, Bergsten, Mohamed, 2007). The article but also points out that despite the negative consequences of the weakening dollar on trade given the predictable circumstances of a likely depreciation, it also implies a development of world economy against US. Because depreciation of dollar would in effect mean appreciation of the currencies that it must be held against which includes all the other countries of the world. Thus from the perspective of other countries an appreciation would be taking place implying a growth affec t in their respective economies and indicating a surge of development in those countries (El-Erian, ONeill, Bergsten, Mohamed, 2007). The Negative and the Positive Impacts Corporate author contributed in the same line of argument, though his inclination was towards the impacts then cause. His argument is in resonance to the arguments of El-Erian critically analyzed above. The author specifically talks about the strong appreciation of most Asian currencies against USD while there being still others, which were weaker than they were before the global financial crisis (Business Asia, 2009). The appreciation of other currencies has put the undervalued currency under pressure to appreciate further. China in this respect has continued to keep its currency undervalued. A rapid appreciation would imply a slower accumulation of foreign reserves. This brings two aspects under concern. First is the rising threat of protectionism from European countries and the US and the other is the giving full control of monetary policy back to Government (Business Asia, 2009). The corporate author of Business Asia (Business Asia, 2009) also forces us to contemplate upon the issue, which is the rapid appreciation of currencies in Asia, especially in China, who has been keeping a modest appreciation rate in light of the threat of protectionism from EU and US. The weaker currency if allowed to appreciate rapidly would instigate protectionism from EU and US on now not so cheap goods owing to the devaluation of USD itself as well as the appreciation Asian currencies. However this would also imply developmental growth in other countries (referring to China) relative to the US (Business Asia, 2007). Furthermore another incentive for letting the currency appreciate for China and other Asian countries would be that letting the exchange rate fluctuate on its own terms, the Government will finally be free to use the monetary instruments to manipulate and reshape their monetary policy which otherwise had been committed to keeping the exchange rate fluctuations in chec k (Business Asia, 2009). From the discussions regarding the exchange rate by different authors so far, it has been an enlightening experience to contemplate upon the issues faced in the real world by the real economies regarding the Foreign exchange rate fluctuations, how they are affected differently by the conditions of the economy in different countries, and the what reactions it induce in the effected economies. The Exchange rate fluctuation is now better understood in terms of two countries respected currency values. We can see a number of different impacting factors changing the rate which include the loosening of monetary policy in to let the Chinese currency appreciate against all currencies and on the other hand the devaluation of dollar appreciated the Chinese currency even further. Resultantly changing the relative development indicators of the countries effected (Business Asia, 2007). Furthermore, the effects on the foreign exchange rate we also saw the application of the effects that the fluctuations of FOREX have on the economies, which is an exposure to the risk of losing trade as mentioned in our literature review (Business Asia, 2009). The rapidly increasing currency value also come forth rapidly rising prices of exports goods which would induce a fall in demand or worse, protectionist policies, in the importing countries for the exported goods of the country experiencing currency appreciation (Business Asia, 2007). Besides the risk of protectionism and other changing exchange rates negative impacts the positive impacts include in the likely situation of appreciation as mentioned above, loosening of control on exchange rates frees the monetary policy to concentrate on the other sectors of the economy. Also the appreciating value of the currency creates major attraction for short-term and high-return investment seekers (Huang, 2010). This can be explained bett er by Ying Huangs argument on the main reason of speculative fund inflow to China. Huang (2010) attempts to decipher the main reason for the inflow of funds into Chinese economy. The massive overseas funds inflow, according to the author, is primarily due to the appreciation in the Chinese Currency which makes it attractive to investors. These funds aim to earn a higher comparative return on short term basis due to high interest rates offered in China as Opposed to that of the United States. And, although, the housing and the stock market appear to be the main attraction of investments since funds may appear to target investment in these markets, however, the attractive appreciating Chinese currency is the major reason of the speculative inflow of funds and not these markets (Huang, 2010). An appreciating value of Chinese currency shows promising future to the investors who seek high returns in a very short period. The reason being that, in spite of the high interest rates offered to the investors the appreciating value of currency increases the return by an even larger total than just with the high returns. The high returns and increasing value by the virtue of increasing Foreign exchange rate is major attraction for investors. The article pointed out the fact that even though the housing and stock market appear to be the investment targets reeling in the major influx of funds from overseas, however the main star of the speculative flow is the attractive currency of Chinese owing to its appreciating nature. The housing and stock market do not cause this major influx, however they do become the target investments eventually directly or indirectly (Huang, 2010). This pretty much elaborates our discussion on foreign exchange rate; however, we still need further evidence upon the risk exposures that have been mentioned as an effect to these fluctuations in terms of their impact on economy or investors and why or why not investors decide to take precautionary measures in taking shelters from this kind of risk exposure Risk Exposure- Avoid it or Avoid Avoiding it? A decent explanation can be induced by analyzing the perspective of Georgina Lee (Lee, 2009). Lee talks about the increased scrutiny that Chinese state owned businesses have to face now. The derivatives market used to hedge the investments against interest, currency and commodity risk are put under surveillance in order to put constraints on this phenomena and discourage these market transactions that would eventually lead to too much hedging that all the risk averse investors would start using these financial instrument to secure their investments. The State-owned Asset Supervision and Administration Commission was spurred into action after several State-owned Enterprises, their subsidiaries and affiliates suffered high losses due to failed foreign exchange, fuel and interest rate hedging contracts (Lee, 2009). Although, according to Georgina Lee, the use of derivate securities as financial instruments to hedge the investments against certain kind of risks may be a very attractive phenomenon of wisely securing your assets against risk, but it brings forth the new kind of risk associated with it, that is the probability of losing profits in case unexpected adverse circumstances would come into play (Lee, 2009). The article discusses the new limitations and regulations put to scrutinize the state-owned businesses and restrain them from using derivative securities. After observing several high profile losses incurred to state-owned enterprises, the SASAC came into action to prevent further losses due to failed foreign exchange, interest and fuel hedging contracts (Lee, 2009). Lees discussion merely elaborates why Chinese Supervision Commission had to keep in check the derivative markets in order to prevent another experience like past of failed securities. However, it is more of a choice in other countries than of a legislative measure, which is made after analyzing the costs incurred in using the financial hedging instruments (Larry Kirschner, 2009). Larry Kirschner elaborates upon the Foreign Exchange Rate risk exposure and how and why different companies manipulate the financial derivatives as instrument to manage their risk. Also they write that a few companies would rather not address the foreign exchange risk exposure at all. According to the authors, it requires a great deal of understanding, assessment and prioritization of the exposures before they can apply these any hedging instrument to gain from such investments (Larry Kirschner, 2009).They observe that where many companies have become complacent with their foreign exchange risk management practices, there exist other companies that would rather condone addressing to such exposures. There are many things to consider and much effort required before utilizing any instrument to manage against such risk exposures (Larry Kirschner, 2009). The implication by the authors enlightens us about the importance of better understanding of the foreign exchange rate fluctuations and risk exposure before they can be manipulated into profit extraction or general hedging against an expected risk of adverse circumstances. The reason for some companies being comfortable with their hedging or risk management practices stands that they understand the further risks attached to it and after having properly assessed, analyzed and derived from the given risks and they have weighed their expectations of gains with current condoning alternative and have reached to a conclusion to generate expectations of comparatively more gains through hedging (Larry Kirschner, 2009). These preliminary requirements are basic necessity and incur some cost as well which discourages other companies from using financial instrument to their own advantage. Thus it can be derived that although risk exposure management may be beneficial for companies to hedge again st exchange rate risk, however, it requires careful analysis of international exposures with due consideration given to internal control by the companies (Larry Kirschner, 2009). The analysis above provides quite an insight on the choices faced by the investors and the reason why they chose to or chose not to use financial derivatives to hedge against the foreign risk. At the end it all depends of your weighted analysis of cost and benefits and risk involved that contribute in the final decision making process (Larry Kirschner, 2009). Despite all these discussions we know from intuition that we as humans would prefer lesser risk. Putting this natural instinct upon financial intuition it should be an understood fact that investors would go for a stable investment of low risk provided he choice is a decision made after thorough analytical efforts. However in light of all the above analysis and our major intuition we should see that due to the depreciating dollar value, many countries investors should have switched to a more stable currency as a reserve currency but we observe that dollar still remains to be the reserve currency all over uncontested with the exc eption of the challenging statement delivered by Governor of Peoples bank of China (Montecillo, 2009). Montecillo (2009) reflects the view of the Governor of Peoples Bank of China, Zhou Xiao Chan, that current global financial system faces vulnerability and systematic risks. He also emphasized that reform must create an international reserve currency with stable value, rule based issuance and manageable supply. The article further illustrates on the point made that they are serving as a à ¢Ã¢â€š ¬Ã…“unit of accountà ¢Ã¢â€š ¬? and as a à ¢Ã¢â€š ¬Ã…“medium of exchangeà ¢Ã¢â€š ¬?. Moreover its à ¢Ã¢â€š ¬Ã…“store of valueà ¢Ã¢â€š ¬? is also considered from the perspective of both the government and the private sectors. Following the perspective Governor of peoples Bank of China actually challenged the statement of BSP(the Bangko Sentralng Pilipinas ) that despite declining value of dollar (from 72.7% in end- June2001 to 62.8% as of end- June 2009: the article quotes) dollar will remain the world most widely used currency-Uncontested reserve currency- as no alternative existed as then (Montecillo, 2009). Another type of risk associated with the foreign exchange rate fluctuation has been thoroughly highlighted in this article enlightened by the challenging statement of Governor of Peoples Bank of China. With the declining value of dollar with respect to other currencies, in effect appreciating them against the USD, the risk associated with them puts the investors in reserve currency at exposure (Montecillo, 2009). The stable foreign reserve currency is the requirement for foreign transactions and for investment purposes. However, a fluctuating reserve currency would create imbalance of gains and losses and putting the market players at a high risk of losing money who have invested in a currency with declining value, for example, and need to pay in other currency that would have appreciated against the reserve currency in effect. Thus the declining value of Dollar though may not have challenged its world-wide demand as a reserve currency, but China has contested that perspective in ter m of demanding a relatively stable alternative and seek shelter from the exposure this foreign exchange rate fluctuation risk (Montecillo, 2009). Data Analysis Figure 1: Foreign Direct Investment in China Untitled.png (The World Bank, 2010) The figure shows foreign direct investment in China which is increasing over the period at an increasing rate (The World Bank, 2010). The reason can be explained as an induction due to attraction of high interest rates and constantly increasing value of Chinese currency (Huang, 2010). The appreciating Chinese currency is a major attraction for short term foreign investors seeking high returns on their investments. Thus, the increase in the foreign direct investment can be justified by the increase in the Chinese currency against other currencies and also the deprecation of dollar against Asian currencies (Business Asia, 2009). Figure 2: Growth in Money Supply (percentage change) Untitled2.png (The World Bank, 2010) The increase in the money supply can be seen as an effort to prevent the adverse consequences expected to be brought up by the simultaneous increase in the value of Chinese Currency against US dollar and the Depreciation of US dollar against Asian currencies (Business Asia, 2009). it is only by selling out domestic currency and buying the foreign currency, that the central bank of china would be able to keep the demand for Chinese currency low and hence low value and keep the foreign reserves high to keep the foreign currency to depreciate against their own currency to avoid the risk of protectionism (Business Asia, 2007). The Foreign reserves record can be observed in figure 2. Figure 3: Chinas Foreign Reserves (includes Gold, Current US$) Untitled3.png (The World bank, 2010) The figure above shows the increase in the foreign reserve currency ( US dollars) which further supports our claim of China having had used protective measure to keep the appreciation of its currency modest by buying in foreign reserves and selling our domestic currency (The World Bank, 2010). Clearly these efforts have been put into play after 2004 since the foreign direct investment had a peaking high rate of increment till that year as can be observed in the Figure 1 (The World Bank, 2010). And since the value of currency has been attempted to put under control, the threat of protectionist policies against Chinese exports receded as he prices of exports against started to fall as can be observed in the figure 3 (The World bank, 2010). Figure 4: USD-CNY Untitled.png (Yahoo, 2010) We see the appreciating Chinese currency against USD but till 2005 mid a very stable exchange rate points towards the mentioned efforts on behalf of Chinese government by manipulating the money supply to keep the Foreign exchange rate from appreciating (The World Bank, 2010). However, during the period of constant exchange rate or say merely constant keeping a moderate change allowed, the currency did come under pressure (Business Asia, 2009) for its own increasing value to be taken care of while also managing the impact of depreciation of dollar on the Chinese currency and eventually its exports (Business Asia, 2007). After 2006 the monetary policy seems to have been allowed to let lose the exchange rate to be able to concentrate on the other sectors as well (Business Asia, 2007). Methodology The way to go about the research conducted for this term paper is known as the methodology. The method pursued in gathering the required material and data for the paper comprises mostly follows a general type in terms of the form and efforts put in to acquire it. There are majorly three type data sources used for research reports or gathering relevant data on the topic of interest (Lombard, 2010).But our concern is with the Secondary Research or Data Collection method. This includes data and observational facts as already recorded by previous researchers. The provided datasets have already been analyzed and shaped before by previous writers and authors with copyrights protecting their work. The material from the secondary source is further manipulated and used to assist in making points of information with proper referencing and credits paid to the original workers. As readily available data sets they are a persons prior choice to any other method. Some negative aspects, however, are associated with the Secondary data sets as well. Despite the time saving and cost saving features of Secondary data sets, there is no guarantee of them meeting the exact requirements of the researcher seeking evidence to support his theories or claims. Furthermore the validity and reliability of the researched data sets may be in question and source can project dubious impressions unless the researches are conducted by reliable sources as government agencies (Lombard, 2010) Purpose of Research The purpose of research is to help make the understanding of concepts of foreign exchange rate fluctuations. and its causes and effects and the hedging and investment against these fluctuations easy in light of evidence from Chinese currency revaluation against US Dollars, the investment it induced, and the negative and the positive aspects of the Chinese currency revaluation. Research Approach and Strategy Given the purpose of the research and the types of the research explained it comes down to putting it down to defining our Strategy and deciding which approach to adopt (Lombard, 2010). Bearing in mind the scale and the scope of our topic and the limited resources, the best and most efficient approach for us to have, which we adopted, is to gather data from secondary research source upon the evidence of Chinese economy to explain the different aspects of the foreign exchange rate role in the economy. All our research material refers to a secondary data source, which consists of point of views of different authors publishing their research or findings in articles appearing in periodicals. Our strategy remains to manipulate this secondary source material and mold them to help up support our own claims and concepts without changing the main framework and the meaning of ideas associated with the empirical evidence. This approach not only proved the strategy to be cost effective but also very efficient in term of time saving and with proper citation the sources can tracked back to authenticate their reliability and validity. Data Collection and Analysis Provided with the theoretical concepts from different authors point of views (referring to the Literature review), relevant data including charts/data sets recording foreign exchange rate fluctuations in Chinese currency against US Dollar and its induction of investment and other impacts are provided in the section covering statistical data for better analysis of our concepts in view of empirical evidence. Findings The course of writing this term paper has helped us find and clear quite a few things which need to be summarized in this section. The findings of this research includes the following important concepts Foreign Exchange Rate Fluctuations and Causes Chinas Foreign exchange rate had been increasing moderately owing to their controlled efforts. The efforts of controlling the exchange rate from fluctuating was in line due to risk of protectionist policies against Chinese exports from EU and US countries because of rapidly increasing value of currency relative to other currencies (Business Asia, 2007). Also there was pressure due to depreciating value of dollar against the Asian currencies which made matters worse and the need for control bigger. The foreign exchange rate was stabilized by diverting monetary policy into manipulating the money supply accordingly to set the foreign exchange rate at fixed level (El-Erian, ONeill, Bergsten, Mohamed, 2007). Besides the threat of protectionism there was also a positive impact of being included under the impression of having hit a developmental hike. Foreign Exchange Rate Risk and its Management The exchange rate fluctuations bring about its own pros and cons. In the case of china, the appreciating value of Chinese currency brought about major investment incentives and a major attraction for short term high return seeking investors (Huang, 2010). And with investment opportunities come forth the risk associated with these investments and its management (Lee, 2009) which in turn brings forth more risks of losing money by using investment derivatives without proper calculation of risk involved in the investment related to the exchange rate fluctuation and correctly predicting FOREX forecast. It is very important to first analyze the risks associated before deciding whether or not to hedge against it or if it is even worth hedging against (Lee, 2009). Anomalies Despite what we expect based upon our calculative procedure of forecasting and weighting and comparing alternatives, there is always a chance for an anomaly to exist within all kinds circumstances. With all our observation of increasing Chinese currency value and dollar being instable, we would have expected the world to shift to a more stable and risk free currency as their reserve currency. However, we see that with the exception of challenging statement from the governor of Peoples Bank of China, Dollar remains as the reserve currency of most of the countries uncontested (Montecillo, 2009). Conclusion We conclude our term paper with summarizing the findings during the course of our research and finally stating the end result to what our findings led us to extract as our conclusion. We found that Fluctuating exchange rates have impacts, both positive and negative on, on different sectors of the economy, especially trade and investment. We also found that investment brings along a lot of risks and it requires a very careful and analyzed decision whether to hedge against these risk or not and using which derivative. We learned that despite our careful calculations, not everything works out according to our predictions and there is always some chance of error in calculations or an unpredictable situation taking over. The reason for slow appreciation in Chinese Currency against other currency, especially US Dollar, in the first half of the current decade can be credited to the efforts put in to keep the exchange rate from appreciating, which projected a threat of protectionist policies from trading partners against the Chinese exports that were becoming less cheap (Business Asia, 2007). The, efforts however, involved binding the monetary policy to exchange rate fluctuations and keep it from being used for other sectors. On the other hand, if the Chinese had let the exchange rate fluctuate freely, it would free th

The Critical Race Theory: Examination of Minority Involvement in the C

The Critical Race Theory: Examination of Minority Involvement in the Canadian Criminal Justice System The Canadian population can be characterized as a multicultural and diverse system of individuals. There is little doubt that certain minority groups posses a lifestyle and pattern of behavior inviting conflict or confrontation with the police (Fleras & Elliot, 1996). In light of this confrontation, an increase can be seen in the number of Black individuals killed in comparison to Caucasian individuals by Canadian police officers. Specifically, in 1996 the Black Action Defence Committee of Toronto noted that there were more shootings of Black civilians in Toronto than in some larger American cities such as Los Angles (Aylward, A.C. 1999). The Critical Race Theory, employed in the R.D.S case, allows Professor Glasbeek to establish a history of poor relations between the police and minorities in Nova Scotia, and also across Canada. In five cited cases, the Glasbeek article demonstrates that the criminal justice system is uniform in condoning the use of force by police officers. Further, in the event that a white male officer commits manslaughter while on duty, acquittal is likely without further appeal in almost all Canadian trials . In many cases, a jury will be selected and will consist of all Caucasian members. This is not proportional to the number of minority members of any given community, town or city. Specifically, five cases are cited to show that after a white police officer shoots an individual criminal charges are generally dismissed. However, the fact remains that visible minorities are likely to be shot more often, and to be killed more often by white police officers. Further, at each trial no jury memb... ...mination and racism have decreased in recent years, in reality, many minority individuals are negatively effected by the actions of the police, and the miscarriages of justice carried out in the Canadian court system even today (Fleras & Elliot, 1996). Even though stringent guidelines are in place in the selection of juries for trial, it still remains that less minorities actually serve on Canadian juries despite efforts to counterbalance this blatant inequality. The outcome of this imbalance is an even larger gap, or imbalance in dealing with police officers accused of and charged for killing unarmed civilians. References Aylward, A.C., The Canadian Critical Race Theory, 1999. Halifax: Ferneuld. Fleras, A., & Elliott, J. L., Unequal Relations: An Introduction to Race, Ethnic and Aboriginal Dynamics in Canada.1996. Scarborough, Ontario: Prentice Hall.

Corporate Downsizing Essays -- essays research papers

Downsizing has become an extremely popular strategy in today’s business environment. Companies began downsizing in the late 1970’s to cut costs and improve the bottom line (Mishra et al., 1998). The term â€Å"downsizing† was coined to describe the action of dismissing a large portion of a company’s workforce in a very short period of time. According to online encyclopedia http://en.wikipedia.org downsizing refers to â€Å"layoffs initiated by a company in order to cut labor costs by reducing the size of the company.† Downsizing became a familiar management mantra in the late 1980’s and early 1990’s. In fact, three million jobs were lost between 1989 and 1998 (Mishra et al., 1998). More than 350,000 jobs were lost in 2001 (DeSouza & Donaldson, 2002). Downsizing has become almost a way of life for U.S. companies. Typically, the first round of job cuts are followed by a second round of cuts a short time later. Not everyone agrees with t he reasoning behind downsizing. According to an article in the Journal of Banking and Financial Services, downsizing is merely â€Å"a short-sighted business strategy motivated by arrogant CEO’s eager to appease shareholders (Unkles, 2001). Others feel downsizing is a necessary tool to ensure business survival in the face of a changing economy. Regardless, the costs of downsizing are high, and the payoffs of downsizing are mixed at best. This paper doesn’t serve as an approach to downsizing, rather, it explores the many aspects of downsizing, from when it’s time to downsize to what steps that can be taken to avoid the process altogether. Corporate Downsizing: An Overview   Ã‚  Ã‚  Ã‚  Ã‚  There are many reasons why a company downsizes. Layoffs began as a way for companies to offset a decline in earnings, but quickly became a popular practice even in companies that were doing well financially. A 1994 survey by the American Management Association found that two-thirds of all workers who were laid off were college-educated, salaried employees (Downs, 1995). Today, the term downsizing is used to refer to a narrow effort to reduce the workforce and also to broaden efforts to improve work systems or redesign the total organization. Companies may downsize to increase capital, as a result of a merge with another company (where additional staff are not needed), poor cash flow (which results in payroll issues), changes in technology, and lastly due to a chang... ...k Enterprise. Retrieved April 22, 2009, from http://www.findarticles.com Downs, A. (2005). Corporate executions: the ugly truth about layoffs-how corporate greed is shattering lives, companies, and communities. New York: AMACOM-American Management Association. Hoskisson, R., & Hitt, M. (2004). Downscoping: How to tame the diversified firm. Oxford University PR on Demand. Krepps, M. (2007). Industrial inefficiency and downsizing: A study of layoff and plant closures. New York: Garland Publishing. Mishra, K. E., Spreitzer, G. M., & Mishra, A. K. (2008, Winter). Preserving employee morale during downsizing. Sloan Management Review. Unkles, j. (2009). The downside of downsizing: after almost a decade of surging economic growth and booming share markets, many corporate and financial managers are getting their first look at a downturn in the business cycle. Journal of Banking and Financial Services, 115(6), 2. Retrieved April 22, 2009, from Baker College Web Site: http://web2.infotrac.galegroup.com Zimmerman, E. (2007, November). Why deep layoffs hurt long-term recovery (HR's tools for recovery). Workforce. Retrieved April 20, 2009, from http://www.findarticles.com

A critical essay based on three scenes Essay

Consider the importance of these scenes in the play as a whole. You should write about:   Dramatic effect   The language of the scenes Presentation of character   Changes in mood and tone Key themes within Romeo and Juliet are conveyed to the audience within the prologue. These themes help the audience to understand the first meeting between Romeo and Juliet and also their later meetings. Within the prologue, it is written by Shakespeare that from these two families, Romeo and Juliet are destined to fall in love; it also conveys the hatred of both families: † From forth the fatal loins of these two foes A pair of star-cross’d lovers take their life†. The audience has already been told that they are destined to fall in love, it is written in the stars and also are destined to take their own lives. The first impression that helps the reader to understand Romeo is that he is in love with a girl called Rosaline, however Romeo has been rejected. Consequently, Romeo feels very lonely and isolated, and he has also become depressed. This prepares the audience for his meeting with Juliet. Juliet does not come into the story until Act 1 Scene 2, where Capulet, her father, and Paris who wishes to marry Juliet are discussing her. The first impression of Juliet that the audience understands is that she is a very dutiful daughter to the Capulet family. Juliet has also become very obedient. The adults control her in her life, all of her decisions are made for her and she is protected form the outside world. These impressions tell the reader that both Romeo and Juliet are very vulnerable. Juliet has never loved anyone whereas Romeo has been depressed from falling out of love. These all lead up to Act 1 scene 5 where Romeo and Juliet meet. Romeo and Juliet are destined to meet because the servant cannot read and asks Romeo for help. Benvolio persuades Romeo to go so that he can see other woman, however destiny has facilitated Romeo and Juliet’s meeting. Act 1 scene 5 is the first scene is the first scene where Romeo and Juliet meet each other. There is a mascarade party within the Capulet household. This is the scene where Romeo and Juliet first kiss. Everything builds up to this scene. Firstly, the beginning of the scene shows the presentation of the characters wearing masks to cover their faces. Within this scene, when Romeo and Juliet first meet, Shakespeare changes the language, which they both speak to each other. The language used by Romeo and Juliet speak is very poetic, and also very religious, also Romeo speaks first: † This holy shrine, the gentle sin is this†. The layout of the way Romeo and Juliet speak is very poetic, and is also in the form of a sonnet. This quote shows that Romeo is comparing Juliet to a shrine and pilgrims: † My lips, two blushing pilgrims, ready stand†. This play has a strong religious base, as it shows signs of death and marriage. Religion also conveys purity and key elements within life. Romeo and Juliet both speak in a manner of a sonnet. They both speak a full stanza, and then two lines each, and then a couplet, which they both share. Juliet gains confidence as the conversation goes on. As both Romeo and Juliet’s responses become much shorter, they also move closer to each other ready to kiss. Within the sonnet, the use of a couplet which Romeo and Juliet both share, suggests that they are meant to be: Juliet: † Saints do not move, though grant for prayer’s sake. Romeo: Then move not while my prayer’s effect I take†. This couplet adds an effect that they are meant to be, love at first sight and are immediately attracted. Fate has dictated that they would die together which allows many moments of dramatic irony due to the audience already knowing that it is written in the prologue. The dramatic effect within this scene is the use of religion. Later on in the scene, dramatic irony is shown again as Juliet speaks to the nurse: â€Å"My grave is like to be my wedding bed†. This is dramatic irony, as the audience already knows from reading the prologue that this will come true, as it is their destiny. Act 2 scene 2 is the second meeting where Romeo and Juliet meet. This is one of the most famous scenes in Romeo and Juliet, and also the most romantic scenes in the history of drama. This is the balcony scene where the destined lovers engage in a very poetic and romantic conversation. The mood and tone of this scene is built up by romantic conversation, firstly, Romeo speaking aloud. Romeo dominates this scene, as he is the one who pursues her. He begins the conversation in the opening of the scene. This whole scene is devoted to Romeo and Juliet’s interaction. Romeo sees light in the window of the balcony, and uses a metaphor to compare Juliet to the sun: ‘It is the east, and Juliet is the sun†. Romeo compares Juliet to the sun, as light is essential for everyone to survive, as Juliet is essential for Romeo to live. Light is eternal and it shows security and warmth. It is also very pure. Again, within this scene, religion is used to convey Juliet’s innocence: â€Å"As is a winged messenger of heaven†. Romeo compares Juliet to an angel, which shows love, purity and innocence. Within this scene, Romeo is very poetic, whereas Juliet is pragmatic: † If they do see thee, they will murder thee†. This shows that Juliet is aware of the consequences that will befall Romeo if he is caught. Within this scene Juliet is very nervous and feels very insecure: † Dost thou love me? I know thou wilt say ‘Ay’. † This quote shows that Juliet feels herself very insecure and questions Romeo about their love. In the scene, Romeo uses a variety of techniques to declare her love: † I should adventure for such merchandise†. Romeo uses this to persuade Juliet and shows exaggerated devotion towards her. Juliet also changes during the course of the scene. † In touch, fair Montague, I am too fond†. Juliet uses an epithet- ‘fair Montague’ which shows that she has had a change in confidence. Juliet’s perception of Romeo is that he is fair and kind. Romeo gives Juliet his reassurance of their love: † Th’exchange of thy love’s faithful vow for mine†. This quote shows that Romeo wants her love. In this scene dramatic irony is introduced again: † And the place death, considering who thou art, If any of my kinsmen find thee here†. This quote shows that Juliet’s family will come after Romeo if they find him here, Tybalt’s violent threats earlier in the play increase the tension. Juliet switches the conversation to where they will next meet: † I have no joy of this contract tonight†. Once Juliet is sure Romeo is in love with her, she needs a sense of future security whereas Romeo continues to be romantic and live for the moment. Act 3 scene 5 is the third and final scene which Romeo and Juliet are presented to the audience alive. Between Act 2 scene 2 to this scene, Shakespeare has added violence to contrast with love. This is so that the audience can anticipate the tragedy as it builds up tension towards the death scene. Within this scene, the mood has changed from previous scenes where Tybalt has been killed, and Capulet insisting on Juliet marrying Paris, the tension has lifted. Juliet opens the scene, which shows that she is more confident now. Juliet is very poetic: â€Å"It was the nightingale, and not the lark†¦. † Juliet is playing with Romeo, teasing him and with the use of romantic imagery she is trying to persuade Romeo to stay with her. Within this scene Romeo and Juliet speak equally, feeling both equally confident. Most of what Juliet is saying is that she wants him to stay longer, due to his banishment: â€Å"Therefore stay yet, thou need’st not to be gone†. This quote shows Juliet’s insecurity, she needs to feel his devotion. Romeo replies to this question: † I have more care to stay than will to go†. This response is what Juliet wants to hear to feel his devotion and reassurance of their love. Within this scene, due to Juliet feeling confident, she once again becomes pragmatic: â€Å"It is, it is, hie hence, be gone, away! â€Å". There is again also dramatic irony in this scene: † More light and light, more dark and dark our woes! † This illustrates that there future is very bleak, becoming depressing as the day goes on. Juliet feels her life is Romeo: † Then, window, let day in, and let life out†. There is another case of dramatic irony when Romeo and Juliet speak: † O think’st thou we shall ever meet again? â€Å". These words are said in innocence but the audience suspect that this will be the last time they are together alive: From these three scenes we can come to a conclusion that Romeo and Juliet’s relationship was set to end in tragedy, which was their destiny. There relationship dramatically changed over the course of five days. The three scenes in which Romeo and Juliet interact all lead up to the tragic ending. The intensity of their love propelled them forward to a tragic end. Over the course of their love the audience can observe that Juliet is becoming more confident in her love for Romeo. Their seemingly desperate need for each other blinds them from behaving rationally. Their love shows intensity which shows that they were meant to be, as together as one soul. Fate and destiny has made them fall in love and also takes their lives.