The Catcher in the Rye :: essays papers

The Catcher in the Rye In The Catcher in the Rye, Holden views the world as an evil and corrupt place where there is no peace. This perception of the world is also shared by many individuals of today’s society. In their mental scope, a gun is needed to change a person’s views. Holden also possesses this view, but is not drawn in to this extreme. Gradually he comes to the realization that he is powerless to change this corruption. It takes most of the book before Holden begins to realize that he is helpless to stop this corruption. Finally, he realizes that not only is there nothing that he can do, but there is nowhere he can go to hide from it. Holden takes awhile to comprehend these concepts. One good example is when Holden is delivering the note to his sister. He encounters a "*censored*-you" written on the wall. Holden careful rubs this off with his hand so as to protect the innocent children from reading it. Later on he finds "*censored*-you" scratched into the surface with a knife. He discovers that he can't efface this one. Even in the timeless peace of the Egyptian tomb room at the museum there is an un-erasable "*censored*-you." This incident is the beginning of Holden's realization that his dreams are infeasible. This example relates to society today. In the high school massacre, where two kids took matters in their own hands by using semiautomatic weapons, thinking that they can change corrupti on by using force. This narrow stubbornness led to their death. They did not eliminate corruption and discrimination, but elevated the intensity in which it was based. Holden did not go to this extreme, but he realized that there is nothing that can be done to reverse this so called corruption of the world. He sees that trying to stop evil and corruption only makes it worse, it has to be played out until it collapses on itself. â€Å"All the kids kept trying to grab for the gold ring, and so was old Phoebe, and I was sort of afraid she'd fall off the goddam horse, but I didn't say anything or do anything. The thing with kids is, if they want to grab for the gold ring, you have to let them do it, and not say anything.

Application of Epidemiology Concepts Essay

Introduction Epidemiology is defined as â€Å"the study of the distribution and determinants of health-related stated or events in specific populations and the application of this study to control of health problems† (Gordis 2003). Over the past year Cohort 7 has grown to appreciate the value of the epidemiology and the  practical application of this knowledge. As current and future leaders in healthcare systems, it is important to not only to understand the concepts learnt in epidemiology, but to use these concepts in the drafting of policy, the designing of programs and in making contributions to national, regional and international healthcare systems. The three epidemiological concepts to be discussed are; estimating risk, study design and ethical & professional issues in epidemiology. The basics of each concept and its importance shall be outlined followed by a discussion of the perceived benefits to policy makers and populations at large and the application of each concept individua lly. For the purpose of this discourse, I have selected the chronic non-communicable disease, type 2 diabetes to illustrate the applications of the listed concepts through the eyes of a policy maker and programme designer. This paper shall be closed with a summary of the application of the concepts and a conclusion. Concept I: Estimating Risk Risk has been defined as â€Å"the probability of an event occurring† (BMJ). In our current course of study, epidemiology, risk is often used to express the likely-hood that a particular outcome will happen after a particular exposure. It is important to understand risk and exposure in the capacity of policy maker. Chronic-Non-Communicable-Disease (CNCDs) is a growing concern nationally, regionally and internationally. In Trinidad & Tobago the prevalence of diabetes is estimated to be as high as 1 in 5 of all adults (Ministry of Health 2010). Diabetes is the second leading cause of death and the leading cause of adult blindness in Trinidad & Tobago. The measurements of risk are; absolute risk or incident rate, relative risk, attributable risk and odds ratio. According to Gordis 2003, absolute risk is the incidence of the disease in the population, i.e. the number of new cases of the disease in a specified population over a given time. The incidence of diabetes in Trinidad & Tobago has been estimated as 1,000 cases per year (John Hopkins 2012). This information about the absolute risk of diabetes has an important implication in public health policy formation. It tells the policy designer in the Ministry of Health that there would be an estimated 1,000 new cases of type 2 diabetes per year and so the current out-patient clinics for diabetics would need to be expanded. With that number of new  cases per year there will be a greater demand placed on the Ministry of Health’s Chronic Disease Assistance Programme (CDAP) and more funding will have to be allocated to deal with diabetes. Since absolute risk gives no consideration to risk factors or exposure, it is necessary for the policy designers and planners to look at the other measurements of risk to formulate appropriate plans to reduce spending associated with the morbidity and mortality of this CNCD. This benefits the country as it improves the well-being of the human resource. Relative risk is defined as the probability of exposed persons developing disease compared to non-exposed persons developing disease (Gordis 2003) while attributable risk is the amount of a disease incidence that can be attributed to a given exposure. The odds ratio or relative odds can simply be defined as a measure of association between an exposure and an outcome. It represents the odds that an outcome will occur given a particular exposure, compared to the odds of the outcome occurring in the absence of that exposure. Knowledge of the risk factors for type 2 diabetes is valuable in looking at the relative risk, attributable risk and relative odds of type 2 diabetes. A risk factor is a variable associated with an increased risk of disease (Burt 2001). The risk factors for type 2 diabetes are; family history of diabetes, increasing age, ethnic background, inactivity, metabolic syndrome, being overweight and history of gestational diabetes in women (Joseph 2010). In designing policies and programs to combat type 2 diabetes, there would be an attempt to target members of the population with these risk factors. It would be prudent to provide funding to institutions which are conducting studies to clarify relative risk, attributable risk and relative odds in diabetes as these studies would help in the understanding of the etiology of type 2 diabete s. Concept II: Study Design There are four basic study designs; cross-sectional studies, case-control studies, cohort studies and randomized clinical trials. As stated previously, it would be prudent to fund institutions conducting studies to clarify relative risk, attributable risk and relative odds in type 2 diabetes as such studies would aid in the understanding of the etiology of type 2 diabetes. In clarifying the etiology of type 2 diabetes in a given  population better strategies for management and prevention of the diseases can be adopted. In the capacity of policy and programme designer, it is useful to have an understanding of study design so that the proposals for studies which can produce the greatest data on etiology in the shortest time-span can be selected for funding. In cross-sectional studies both the exposure and disease outcome are determined simultaneously for each subject (Gordis 2003). The prevalence of the disease can be determined with this type of study; hence the study can also be ca lled a prevalence study. The prevalence of diabetes in Trinidad & Tobago is one in every five adults (Ministry of Health 2010). Cross-sectional studies are useful to policy writers and programme designers as it provides a ‘snap shot’ of how many individuals within the population have the disease. However the association with the risk factors does not prove temporal relationship. For the justification of policy and programmes, etiological relationships must be established. These etiological relationships can be justified through case-control and cohort studies. Case-control studies are useful in examining the possible relation of an exposure to a certain disease. At the beginning of the study individuals with the disease (cases) and individual without the disease (controls) are identified. The exposure of both of these groups is then compared. So in the case of type 2 diabetes, persons with type 2 diabetes can be identified (cases) then separated into two groups on the basis or exposure to a given risk factor. Persons without type 2 diabetes (controls) can also be identified than separated on the basis of exposure to the same risk factor. Then the two groups of exposed individuals can be compared. By identifying cases & controls and looking at exposure, the relative risk, attributable risk and odds ratio can be calculated. Case-control studies are invaluable in finding the etiology of disease. In cohort studies the researchers select a group of individuals from a given population. These individuals are then categorized as either exposed or non-exposed. Cohort studies can either be prospective or retrospective. In prospective cohort studies the exposed and non-exposed individuals are followed forward in time and the development of disease is noted. In retrospective cohort studies the end result, i.e. disease or no disease is noted at the starting point. The researcher can then trace the individuals backwards through time to determine their exposure or non-exposure.  Prospective cohort studies are expensive and time consuming as they may take many years to be completed. In the case of diabetes, it may take many years for exposure to lead to disease. Retrospective cohort studies may be better for proving causal relations in diabetes, but records may not be easily available. The high prevalence of diabetes is a good justification for conducting a cohort study. Once again relative risk, attributable risk and odds ratio can be calculated. A randomized clinical trial is an experiment in which the effectiveness of a mode of treatment is evaluated. Cross-sectional, case-control and cohort studies are all observational studies. However, in randomized clinical trials, the effectiveness of treatment modalities are measured. Usually individuals for the study are assessed for eligibility before hand and subsequently randomly placed into one or an alternative treatment group. The merits of preventive strategies can best be illustrated by means of randomized clinical trial. Considerable work has been done in ascertaining the risk factors of type 2 diabetes. After review of the literature I have concluded that there is the need for more experimental studies for better management of type 2 diabetes. As a policy writer and programme designer it is critical to ensure th at approvals are granted for ethically sound randomized clinical trials. It is important to note that a good knowledge of study design is essential to a policy makers/ programme designers. The type of study to approve for funding will undoubtedly be based on maximum benefit to the population, cost effectiveness and ethical considerations. Concept III: Ethical & Professional Issues in Epidemiology The ultimate objective of epidemiology, according to Gordis, is â€Å"to improve human health†. Ethical consideration must be high on the agenda in public health since epidemiological findings are socially relevant, often publically funded and the research is conducted on human subjects. As discussed previously, there are two broad types of studies in epidemiology; the observational studies which include the cross-sectional, case-control and cohort studies and the experimental study or randomized clinical trial. As a policy writer and programme designer, I am obligated to ensure that investigators and researchers obtain informed consent from their subjects, where possible, and that there is privacy and confidentiality. There is a  need for research on type 2 diabetes to be conducted in Trinidad & Tobago and the wider region so that there is relevant and timely data for the implementation and improvement of policies for reducing the morbidity and mortality associated with typ e 2 diabetes. There have been many studies which contribute to the body of knowledge compiled by the International Diabetes Federation. While there is merit in conducting observational studies, I believe that there must be more experimental studies aimed at improving the prevention and management of diabetes. In the design and execution of experimental studies, the rights of the individuals and the welfare of society must be balanced. Careful oversight of experimental research can protect individual confidentiality while ensuring that there is no conflict with the welfare of society. Even though there is the objective of improving human health, there is debate on how much of the findings should be made available to the subjects in both observational and experimental studies. While I believe that the findings of research should be held in the public domain, it is important not to create undue panic or hope of a ‘miracle cure’ when publishing results. Summary Epidemiology is the study of the distribution and determinants of health-related stated or events in specific populations and the application of this study to control of health problems. Consequently the objective of epidemiology is to improve human health (Gordis 2003). The three epidemiological concepts discussed were, estimating risk, study design and ethical & professional issues in epidemiology using the disease type 2 diabetes for illustration. It is important for a policy writer/ programme designer to understand risk and the measurement of risk so that there are policies and programmes that benefit the greatest proportion of the population are designed and implemented in the reduction of the prevalence and incidence of type 2 diabetes and its associated morbidity and mortality. Studies, both observational and experimental, should be encouraged but these studies must be conducted within the confines of ethics and professionalism. Ethics and professional are integral building blocks of study design since the findings are socially relevant, public funds are often used and the research is conducted in human subjects. There must also be publishing of  the findings of these studies but researchers should neither create undue panic nor give false hope. Conclusion The three epidemiological concepts discussed for this paper were; estimating risk, study design and ethical & professional issues in epidemiology. These were discussed concepts through the eyes of a policy maker and programme designer using the disease type 2 diabetes for illustrations. Studying the distribution and determinants of health-related states is not simply a course that constitutes part of a master’s degree that a student must â€Å"pass† or â€Å"get over† but rather a guiding principle to be incorporated into decision making, so that the application of this study can truly be used to control health problems. These health problems can range in simplicity from common childhood ailments to pandemics. Therefore participants in this course of study are expected to make sterling contributions to national, regional and international healthcare systems based on understand of concepts learned in epidemiology. Bibliography 1. Burt BA. Definitions of Risk. Department of Epidemiology School of Public Health University of Michigan, 2001. 2. Center for Statistics in Medicine BMJ Statistics Notes. (Undated) Retrieved May 13, 2014. URL:http://www.csm-oxford.org.uk/index.aspx?0=1292 3. Gordis Leon. Epidemiology. 3rd edition. Philadelphia: Elsevier 2004. 4. Josepha Joseph, Johan Svartberg, Inger Njà ¸lstad, Henrik Schirmer. Incidence of and risk factors for type 2 diabetes in a general population. The Tromsà ¸ Study. Scand J of Public Health, 2010;38 (7):768-775. 5. 6. Last JM, ed. A dictionary of epidemiology. 4th edition. New York: Oxford University Press, 2001.

Technology: Higher Education

Technology Taking Over The person of the 21st century has the luxury of being dependent on technology, allowing for certain weaknesses to sprout out of individuals due to their lack of natural abilities. Technology is the making, modification, use, and knowledge of tools, machines, or techniques, in order to solve a problem, improve a preexisting solution to a problem, achieve a goal, or perform a specific function. It’s true; technology has made life more efficient and reliable. Many great inventions have been possible through technology.Technology is also one of the causes of people becoming lazier, uninspired, and less creative. Technology is not bad in and of itself, but people are misusing it. Planes, trains, and automobiles carry people from place to place at high speeds. Telephones, television and computer networks help people communicate with others across the world. Medical technologies from vaccines to Stem Cell therapy, allow people to live longer, healthier lives. Although most people think technology made life easier, it’s actually making them overly dependent on those technologies.Today’s generation is becoming much lazier because they are too dependent on the latest gadgets. Some of them are unable to do things on their own. Nowadays, people use computers in business, public services, education, and most of all, in entertainment. There are many advantages to this situation. Firstly, computer controlled cars, planes or ships all people to travel safely and reduce travel time. However, a disadvantage to this is that all of these affect our environment in some way or another which eventually ends up harming ourselves.Faster travel times have led to easier dispersal of airborne viruses and diseases between locales, as well as increases in jet lag. Jumping from time zone to time zone can have a detrimental effect on the body. Most powerful countries depend on their industrial power to stabilize their status. Technology made indust rial development increase rapidly. Industries depend more on machines than human power. This newly discovered robotic technology makes human workers obsolete in some factories. Robots have been built to do tasks equally the same or better as humans, leaving them jobless.Robotics are a blessing and a curse to a company. While it’s nice to have a machine do everything, it can lead to issues down the road as customers notice the quality may not be the same as the quality they experienced from human hands. Another major con to robotics is that companies still need employees to manage the machines. When a problem happens, the machine will continue to run instead of stopping and â€Å"thinking† of what needs to be done in order to fix the problem. This is why companies still need to have skilled and qualified employees to run the machines before they cause them to lose millions of dollars.Also, today’s society is based upon quick sound bites and short attention spans. The world is at our fingertips, yet paradoxically, the more we connect, the more we actually disconnect. The internet has taken over, dominating our lives. The internet is an easy access for information from around the world that can be attained within seconds. There are many interactive applications on the internet that can bring distant people closer together without having to commute. Also, shopping has become more convenient. The disadvantage of the internet is that it has become too reliable for most people.People can get â€Å"hooked† on the internet. Some people may take advantage of all these things and scam others for their money, as it is that simple to create a legit seeming website. Despite it’s ease, technology has caused people to become so reliant that, in a poll by CNET, 28 percent of people said they wouldn’t be able to live without high-speed internet. Many people don’t know how to look up information in libraries or encyclopedias. Thou gh technology has allowed us to improve and modify traditional tasks, it has also clouded our realization of the dependency we have on it.America’s education level has become an average ranking. Education has developed into a network of many avenues that now allows the average American to obtain education easier. Higher education has branched out from the traditional university into online degrees, trade schools, and junior colleges. Obtaining a high school education has also advanced : high school students can take AP courses and high school dropouts can get a GED. With all these opportunities, why is it that America ranked as average in the international education ratings?The number of options available has caused our country to have no ambition to excel. Other countries have less options and freedoms which may be the motivation that allows them to achieve higher education rankings than the U. S. Many people are pointing to technology as a cause of childhood obesity. The yo unger generation has lost it’s curious nature to explore the world. Instead, children are hiding behind a TV screen or video game. For adults, the accused culprits are different yet the same, for example people spending more time driving and less time walking or biking to reach their destinations.Technology doesn’t just keep people in their chairs, it changes the way people eat. Obesity in children has increased by thirty percent in the past thirty years in America according to the Center for Disease Control and prevention. Obesity leads to many health problems including, diabetes, arthritis, cancer, respiratory problem, and cardio-vascular disease. The public is carried in street cars; elevators take the place of stairs in our larger buildings, and the necessary activity of the energetic is not directed in the use of muscles needed in running and walking.It is becoming noticeable that people are slowly losing those abilities and letting machines or computers do the wo rk for them. People are no longer required to think. If posed with a difficult or even simple problem people will simply â€Å"Google† it on an iPhone and the answer is found within seconds. Students are also becoming too dependent on calculators. Instead of using a graphing calculator to solve complex mathematical formulas, students turn to calculators for even simple calculations.Though calculators are important in an evolving world, it is still important for teachers to teach students how to do mental math and reasoning (Metz). Scholars, particularly teen scholars, are no longer required to spell correctly. Words like tomorrow, tonight, and before, become 2morrow, 2night and b4 in playful texting conversation. Spell check is also contributing to the downfall of spelling. Too often, people type a word sloppily into a web document and let spell check do the work without even noticing the word was misspelled.We are living in a society which is called â€Å"technologically ci vilized†. Every small work we do is technology dependent. Today every other person is recognized with the device or gadget, he or she carries. Ultimately we can say that, â€Å"living without technology is like living without air†, in this technical world of today. In conclusion, we can use technology but with moderation. If we use it, firstly we should have to check if we can do that action without it. If we are ever in a situation where technology is not present, we will find it difficult to resolve the situation.

Indian Financial System

FINANCIAL MANAGEMENT ASSIGNMENT ON INDIAN FINANCIAL SYSTEM & SOURCES OF LONG TERM AND SHORT TERM FINANCES SUBMITTED BY, PREMJITH. A P10144 PGDM 2010-12 INDIAN FINANCIAL SYSTEM The financial system in india refers to the system of borrowing and lending of funds or the demand for and the supply of funds of all individuals, institutions, companies and of the government.Commonly the Indian financial system is classified into: * Industrial finance: funds required for the conduct of industry and trade * Agricultural finance: funds needed and supplied for the conduct of agriculture and allied activity * Development finance: funds needed for development; actually it includes both industrial finance and agricultural finance * Government finance: relates to the demand for a nd supply of funds to meet government expenditure The mobilization of savings and the effective distribution of the savings among all those who demand the funds for investment purposes. The banking system, the insurance companies, mutual funds, investment funds and other institutions which promote savings among the public, collect their savings and transfer them to the actual investors * The investor in the country composed of individuals investors, industrial investors, industrial and trading companies and the government, these enters in the financial system as borrowers. FUNCTIONS OF INDIAN FINANCIAL SYSTEM The Indian financial system performs a crucial role in economic development of india through saving investment process also known as capital formation. Sometimes it is also calls financial market.The purpose of financial market is to mobile savings efficiently and allocates the same efficiency among the ultimate users of funds, ie: investors * Increase in savings, that is resources that are would have been normally used for consumption purposes should be released for other purposes. * Mobilization of savings – domestic savings collected by banking and financial institutions and placed at disposal of actual investors; and * Investment proper, which is the production of capital goods. COMPOSITION OF THE INDIAN FINANCIAL SYSTEM The Indian money market is the market in which short term funds are borrowed and lent.The capital market in india on the other hand, is the market for medium- term and long term funds. Reserve bank of india Organized sector Sub Market Unorganized sector Public sector banks Private sector banks NBFC IDFC, GIC, LIC Call money T- Bills Certificate for Deposit Commercial Papers SHORT TERM AND LONG TERM FUNDS SHARES Shares comes in the Long term funds. A share is a unit of capital of the company. It has a definite face value. It represents ownership rights of their holders. Buyers of shares are called shareholder and they are legal owners of the firm whose shares they hold.Each shareholder invest their money in the shares of a company in exception of a return on their investment capital. The return of shareholder consists of dividend and capital g ain. Share holder make capital gain or (loss) by selling their share. Each share carries a distinct number. Shares are transferable units. Shareholders are of two type ORDINARY and PREFERENCE shareholders. Preference share: These shares have preference over the ordinary shares in terms of payment of dividend and repayment of capital if company is wound up. They may be issued with or without a maturity period.REDEEMABLE PREFERENCE SHARE are shares with maturity and IRREDEEMABLE PREFERENCE SHARES without any maturity. The holder of preference shares get dividend at a fixed rate. With regards to dividend, preference shares may be issued with or without cumulative features. In the case of CUMULATIVE PREFERENCE SHARES unpaid dividends accumulate and are payable in the future. Dividends in arrears do not accumulate in the case of NON CUMULATIVE PREFERENCE SHARES. Features of Preference share Claim on income and assets: preference share is a senior security as compared to ordinary share.It has a prior claim on the company’s income in the sense that the company must first pay preference share dividend before paying the ordinary dividend. Fixed dividend: The dividend rate are fixed in the case of preferences share, and preference dividend are not tax deductable. Cumulative dividend: that all past unpaid dividend be paid before the ordinary dividends are paid. Ordinary Shares: represents the ownership position in a company. The holders of ordinary shares called shareholders are the legal owners of the company. Ordinary shares are the sources of permanent capital since they do not have a maturity date.However, the ordinay shareholders are entitled to receive dividends. The amount or rate of dividends are not fixed. An ordinary share is called variable income security. Being the owner the company, shareholders bear the risk of ownership; they are entitled to dividends after the income claims of others have been satisfied. Similarly, when the company is wound up, th ey can exercise their claim on assets after the claims of other suppliers of capital have been met. Features of Ordinary shares: Claims on income: Ordinary shareholders have a residual ownership claim.They have a claim to the residual income, which is earnings available for ordinary shareholder after paying expenses, interest charges, taxes and preference dividend. Claim on asset: Ordinary shareholder have residual claim on company asset in case of liquidation. Voting rights: Ordinary shareholder are required to vote on a number of important matters. The most significant proposals include: election of directors and change in memorandum of association. RIGHTS ISSUE When company distributes all earnings to shareholders, then, it can reacquire new capital from the same sources by issuing new shares called rights shares.BONDS A bond is a long term debt instrument or security. Bonds issued by the government do not have any risk of defaults. The private sector companies also issue bonds, which are called debentures. A company can issue secured and unsecured debenture. In case of bonds and debentures, the rate of interest is generally fixed and known to investors. Features of Bonds * Face value is the par value. A bond is generally issued at a par value of Rs:100 or Rs:1000, and interest in paid on face value. * Interest rate is fixed and known to bondholders.Interest paid on a bond is tax deductable. Interest rate is called coupon rate. * Maturity bond is generally issued for a specified period of time. It is repaid on maturity. * Redemption value The value that a bondholder will get on maturity is called redemption or maturity value. A bond may be redeemed at par or at premium or at discount. * Market value A bond may be traded in a stock exchange. The price at which it is currently sold or bought is called the market value of the bond. Market value may be different from par value or redemption value.Bonds may be classified into three (1) Bond with maturity (2) Pur e discount bonds (3) Perpetual bonds Bond with maturity The companies issue bonds that specify the interest rate and the maturity period. Pure discount bonds These bonds do not carry an explicit rate of interest. It provides for the payment lump sum amount at a future date in exchange for the current price of bond. Perpetual bonds These bonds are also consols, has an indefinite life and therefore, it has no maturity value. Types of Debentures * Convertible debenture (CD) * Non convertible debenture (NCD) * Fully convertible debenture (FCD) * Partly convertible debenture (PCD)WARRANTS A warrant entitles the purchaser to buy a fixed number of ordinary shares at a particular price during a specified time period. Warrants are generally issued along with debentures as sweeteners. Warrants are used in conjunction with ordinary or preference shares. Characteristics of Warrants Exercise price of a warrant is the price at which its holder can purchase the issuing firms ordinary shares. Exerc ise ratio states the number of ordinary shares that can be purchased at the exercise per warrants. Expiration date is the date when the option to buy ordinary shares in exchange of warrants expires.Detachability the warrant can either be a detachable or non detachable. Detachable warrants Warrant can be sold separately from debentures to which it is originally attached Non detachable warrants cannot be sold separately from the debenture to which it was originally attached. Some of the other methods used for raising long term capitals, * CUMULATIVE CONVERTIBLE PREFERNCE SHARE * DERIVATIVE SECURITIES * BORROWING FROM FINANCIAL INSTITUTION (BANKS) SHORT TERM FUNDS It is the market for near money, or it is the market for lending and borrowing of short funds.It is the market for lending and borrowing short term surplus investible funds of banks and other financial institution are demanded by borrowers comprising individual companies and the government. The composition of Indian money mar ket consist of Call money market One important submarket of the Indian money market is the Call money market, which is the market for very short term funds. This market is also known as money at call and short notice. This market has two segments (a) the call market or overnight market and (b) short notice market. The rate at which unds are borrowed and lent in this market is called the call money market. Call money rates are market determined by demand and supply of short term funds. The public sector banks account for about 80% for the demand and foreign banks and Indian private sector banks account for the balance of 20% of borrowings. NBFC’s like IDBI, GIC, LIC are call money market lenders. Bill market in India The bill market ir the discount market is the most important part of the money market where short bills normally up to 90days are bought and sold. The bill market is further subdivided into commercial bill market and treasury bill market.The 91 day treasury bills are the most common ways the government of india raises funds for the short period. Government has also introduced the 182 day T-Bills and 364 day T-bills, In 1997 government introduced 14 day T-Bill. Dated government securities The government of india has also decided to sell dated securities on an auction basis. The purpose of this government decision is: * To develop dated securities as a monetary instrument with flexible yields * To provide financial instrument to suit investors expectation, and * To meet Government needs directly from the market.Repo and reverse repos Repos are now a regular feature of RBI’s market operations, If the banking system experience liquidity shortage, then RBI comes to assist banking system by repurchasing government securities. When the government securities are repurchased from the market, payment is made by RBI to commercial banks and this adds to their liquidity and enables them to expand their credit to industry and trade. Reverse repo is to sell dated securities through auction at fixed cut off rate of interest.The objective is to provide short term avenue to banks to park their surplus funds. Certificate of Deposits (CD) The CD’s are another important money market instrument. They were issued by banks in multiples of Rs:25 lakhs to expand the investor base of CD’s, the min: value was reduced and is presently Rs: 1 lakhs. The maturity is between 3 months and one year. CD ‘s are freely transferable after 45 days after the date of issue. CD’s became immediately popular with banks for raising resources at competitive rates of interest.Commercial papers (CP) The commercial papers are issued by companies with networth of Rs 10 crores, later reduced to Rs: 5 crores. The CP is issued multiples of Rs. 25 lakhs subject to minimum issue of Rs 1 crore. The maturity of Cp is between 3 to 6 months. The purpose of introducing CP is to enable high level corporate borrowers to diversify their source of s hort term borrowings on the one hand and provide an additional instrument to the banks and financial instrument in the money market.Reference: Financial Management by I M Pandey

The Power of Images Article Example | Topics and Well Written Essays - 750 words

The Power of Images - Article Example Feeling bad about our body and life is their goal. Also, he tries to deliver the true purpose behind them, the effects of them on people, how they surround us, and how much they are seductive. As well, advertisers do not want the consumer to notice them for them to believe in them with time. He talks about the history of commercials and how strong they are now. He focuses on the purposes of the advertisements and commercials. He talks about what they are trying to influence in our lives. According to him, the advertisers want the receiver to believe in what they do by showing us stunning images to sell their products to yield more money. Finally, the reason Davis discusses these myths is to deliver a message to the reader to be careful and to make them aware that images can be read and understood in many different ways, and they have to learn how to read those images. If they succeed in that, then they could control what to accept from the image and what to refuse (Synthr-6 76). First, in Clipper Magazine (June-July 2015), the advertisers show us a huge deck with a green view. Also, there is a couple and their son and daughter. All the family are dressed casually. The girl is wearing a red sweater, a black jeans, white shirt, and white shoes. The boy is wearing a green T-shirt, a black jeans, and brown shoes. The mother is wearing a silver blouse, a black jeans, and brown boots

Leadership Assignment Example | Topics and Well Written Essays - 1500 words - 1

Leadership - Assignment Example Basically leadership includes an influencing relationship between leaders and the followers intended for bringing real changes and optimal policy ramifications which perfectly reflects the shared purpose. By picking up one of the definition of leaderships from a wide variety the most applicable in this can be stated as a shared mindset which acts a representative of understanding a fundamental way of thinking about, perceiving and understanding the mechanics of the business environment of today’s world (Daft &   Lane, 2008, pp. 5-7). Leadership is even more significant in crisis situation. Helio Fred in his article, â€Å"Effective leadership response to crisis’’ states that the organization generally survives a crisis with reputation by the timeliness as well as the effectiveness of the response which heavily depends upon the strategic focus and implementation of the policies by the leaders of any organization (Garcia, 2006). The paper directs towards the exh ibition of leadership with respect to an organization in times of crisis situation and how the leadership maintain the pace of operation in difficult times and shows the way for future growth which will be highlighted in the subsequent sections. Problem statement & Discussions The positions of the leadership are established in the settings of the work of the organizations for the purpose of achieving the purposes for which their existence is omnipotent within a larger system. The crux of the paper lies with the notion of organizational leadership. In an organization, the processes of leadership are generally directed towards defining, establishing as well as translating the direction for their followers with the provision of the enabling the process for the achievement of the purpose. The operation of the leadership is vehemently attached to the continuous development as well as attainment of the goals within the organizations (Zaccaro & Klimoski, n.d.). The company which will be di scussed in this paper is Hewlett Packard better known as HP. HP is an American multinational corporation with its headquarters in Palo Alto, California. The sectors where the company caters are mainly small and medium sized businesses and large enterprises as well as customers in the government, health and educational sectors and the products delivered by this company are software, technologies, solution s and services (Hewlett-Packard Co, n.d.). In the time span of 1995- 1999, the company was facing several restraints like fierce competition from the traditional competitors as well as new competitors entering into the market. In the field of computer as well as corporate computer business the biggest rivals of HP were Dell and IBM. The company lacked performance in the sphere of technology as well as field of innovation and encountered slow pace of growth. The aftermath was that the company lost its competitive edge among its competitors unable to develop any path breaking strategy for growth. Another significant cause of the generation of crisis situation was that of the serious bureaucracy within the organization itself which practically paralyzed the day to day operation of the organization and initiated severe inefficiencies and heavy decline in sales (Hoopes, 2001, p.4). But the situation changed with the appointment of Carleton S. Fiorina as the new Chief

The Curious Case of Benjamin Button Essay Example | Topics and Well Written Essays - 750 words

The Curious Case of Benjamin Button - Essay Example Scott Fitzgerald. That was when I took the time to read all the 18 pages of the short story, walking away from it in awe of the imagination of the writer and feeling robbed by the way the movie of Brad Pitt disrespected the original. The novel itself was quite interesting because it took place in an era of America that paid all too much attention to the social status of a family in the community. As with the Buttons family in the story, the image of a financially well-to-do family in the community is always coupled with an upstanding name that is cared for over generations. But that was not to be the case with Benjamin. His family became the object of ridicule for many years due to the circumstances of his birth and yet they managed to endure as a familial unit. The character of Benjamin is one whose origin story is quite complex and, in my opinion, lacking in character development and backstory. That is because even though we were introduced to Benjamin as a newborn old man, we neve r found out how such things could occur. If there was no scientific explanation for it as mentioned in the story, perhaps a backstory of a cursed birth or something would have helped. I just found it important as a reader to understand how such a pitiful life could have been bestowed upon an innocent child by the forces of the universe. Surely Benjamin's parents must have done something terribly evil to incur the anger of the gods thus being bestowed with a cursed child right? But I guess F. Scott Fitzgerald did not want to bother or perhaps bore the readers with such backstories. Which is why he also had a tendency to gloss over decades of Benjamin's life for no reason. His glossing over the life of the man-child and not paying attention to greater details of his development leaves one wondering as to why he became the sort of man that he did. It is almost like reading the life of Jesus with the missing 20 years. It just did not make any sense to me. That said, I would have to say that the story still managed to retain the interest of the reader in such a manner that these oversights could easily be forgiven. It did not remove from the enthralling tale of the life of an old man destined to die as a new born at all. It puzzled me though that the mother in the story was never mentioned as I am sure that Benjamin needed to have been born of natural means. So why was the mother not mentioned at all in the story? Did she die during childbirth? Was she driven mad by the sight of the newborn son being old enough to sit on her lap and then some? I imagined the birth would have been horribly painful for her and traumatizing and yet it was never even touched upon in the telling of the early life of Benjamin. Rather there was a concentration on the relationship of the boy and his father who did not accept him for who he was when he was born. The cruelty of a parent during that era of history seems so much that he actually wished his son were born a negro so he could hav e left him at the slave market. That part of the novel I remember reading and thinking, â€Å" What a cruel father he is to want to give away his child under the worst circumstances. He would have probably killed the child if he could have.† After reading the book another time though, I began to get the humor in the writing of Fitzgerald. In fact, one might say that the book was written tongue in cheek since the events has he related them could never take place in real life. Yet as a short story, the concept actually made sense. I mean, if it did not, then Hollywood would not have tried and failed miserably to rip it off. Towards the end of the book, when Benjamin began to grow into his baby years, I could not help