Thursday, October 31, 2019
Microsoft Access Essay Example | Topics and Well Written Essays - 250 words
Microsoft Access - Essay Example The reports in Microsoft access give a comprehensive summary of the information contained in the database (Viescas 39). The reports act as a knowledge management system, which provides answers to problems. Queries help with the filtration of data in order for a user to obtain the information required on an ad hoc basis. The quick Access toolbar provides three options including redo, undoing, and saving option, which assist the user to navigate. The customization button, which is on the right side of the access bar, is usually in a disabled mode when there is no database needed. Even so, the button should be clicked when a database is needed. The button helps the application user decide the appropriate items to display on the interface (Viescas 69). The addition and elimination function of buttons on the quick access toolbar is performed by the customize button. A command is added by clicking on the middle list of the customize button. After that, the user should swiftly click on the Add option. The command is completed by clicking on the OK
Monday, October 28, 2019
A Research Paper on G.K. Chesterton and The Man Who Was Thursday Essay Example for Free
A Research Paper on G.K. Chesterton and The Man Who Was Thursday Essay While doing research on G.K. Chesterton and his literary masterpiece, I came upon this article on Gilbert Magazine in which his answer to the question â€Å"What is the difference between progress and growth?†was posted. To this question, he answered: The fatal metaphor of progress, which means leaving things behind us, has utterly obscured the real idea of growth, which means leaving things inside of us.            First of all, I didnt even know he has a magazine. Secondly, since I have never heard of him before, I ask myself why on earth has it taken so long for me to discover such an amazing man? His statement above is just one of the marvelous pithy quotations of a man who never earned a doctorate and, in fact, never even attended a university. I have read some of them and I am amazed at how he can say something about everything and says it better than everybody else.            It is with utter delight that I am taking this journey to the discovery and uncovering of a genius – a journalist, a debater, an artist, a happy man – for in discovering him, I discover passion, wisdom, and myself. G.K. Chesterton: A Poet, Storyteller, and Ironist            G.K. Chesterton cannot be summed up in one sentence. Nor in one paragraph. With all the fine biographies I have encountered that have been written of him, I dont know if the Gilbert Keith Chesterton has really been captured between the covers of those books. In the first place, how could one simplify a man of such complex talents? He was very good at expressing himself, but more importantly, he had something very good to express – the reason why he was one of the greatest thinkers and writers of the 20th century and a champion of the Roman Catholic religion. K. Chesterton is alive and kicking today in a way that most of his contemporaries are not precisely because he enunciated clearly and forcefully the fundamental principles in the light of which issues, whether of today or of yesterday, can be confronted intelligently, and he has dedicated this extraordinary intellect and creative power to the reform of English government and society. Literary types would laud him for his poetry and novels and detective stories and plays; social critics would approve him for his prescient admonitions about eugenics and nihilism and socialism; champions of domestic democracy would like his doctrine of distributism; philosophers would be challenged by his insights and quips; the fundamentalist Christian would defend him for defending Christianity, and the Catholic Christian would enjoy the enjoyment Chesterton derived from his Catholicism. This is a multifaceted man.            Gilbert was a day boy at St. Paul’s. The masters rated him as an under-achiever, but he earned some recognition as a writer and debater. Although he never went to college, he proved that genius cannot be tied down to the rules of the academy, nor need we be subservient to the prejudices of the academy in evaluating genius. Chesterton, in fact, chose to be a journalist, because in that role he could think most profoundly, powerfully, cogently, and effectively.            He was vitally concerned with the injustices of Great Britain to its dependencies. He progressed from newspaper to public debate. He used logic, laughter, paradox, and his own winning personality to show that imperialism was destroying English patriotism.            In 1900 he published his first literary works, two volumes of poetry. In 1900 he met Hilaire Belloc, and in 1901 he married Frances Blogg. These events were two of the great influences in his life. From 1904 to 1936 Chesterton published nearly a dozen novels, the most important being The Napoleon of Notting Hill (1904) and The Man Who Was Thursday (1908). In 1911 Chesterton created the ‘‘Father Brown’’ detective stories. During his literary career he published 90 books and numerous articles. He poured out a wealth of lighthearted essays, historical sketches, and metaphysical and polemical works, together with such well-known poems as ‘‘The Ballad of the White Horse,’’ ‘‘Lepanto,’’ and the drinking songs from The Flying Inn. Among his major critical works are studies of Robert Browning (1903) and Charles Dickens (1906). Prodigiously talented, Chesterton also illustrated a number of Belloc’s light works.            Chesterton spoke of himself as primarily a journalist. He contributed to and helped edit Eye Witness and New Witness. He edited G. K.’s Weekly, which advocated distributism, the social philosophy developed by Belloc. Chesterton’s overriding concern with political and social injustice is reflected in Heretics (1905) and Orthodoxy (1909), perhaps his most important work.            I could say that Chesterton was not a philosopher in the sense of one who, like Plato or Aristotle, Aquinas or Bonaventure, Descartes or Kant, Hegel or Kierkegaard, made original contributions to the history of human reflection on the reality of the real. We can, however, say that he made two remarkable contributions which are still immensely worthwhile today: (1) he was unmatched in his ability to satirize the philosophical foibles of his day; and (2) although his philosophy was not unique his manner of expressing it was unique; one cannot read him, even today, without being again and again suddenly pulled up short. In view of his perennial concern with ideas and with ideas that count, with ultimates he has to be called a philosopher, not merely, however, as a lover of wisdom, but as one who possessed a certain kind of intuitive wisdom.            Throughout his life, G.K. Chesterton was one of the most colorful and loved personalities of literary England. To his intellectual gifts he added gaiety, wit, and warm humanity that endeared him even to his antagonists. This English author, journalist, and artist was born in London on May 29, 1874. He died at his home in Beaconsfield on June 14, 1936, but it doesnt matter. To those who know him and are passionate readers of his works, his wisdom lives on. To those like me who simply stumbled upon him, he lives again. In our hearts, his wisdom is timeless. The Man Who Was Thursday: A Masterpiece of a Non-Degree Holder Genius            Versatility of topic, address, genre, device, whatever more there is in the heaven and earth of mind and spirit brought to letterssuch is the hallmark and mandate of Chesterton. He can be straightforward and for right, crisp and to the point, or witty, with a certain malice aforethought. He can take the way of irony or simply snort when his patience is exhausted. He can soar with angelic sweep or swoop like a bird of prey. His descriptive hand is as authentic as any, as witness this from the beginning of The Man Who Was Thursday: The suburb of Saffron Park lay on the sunset side of London, as red and ragged as a cloud of sunset. It was built of a bright brick throughout; its skyline fantastic its ground plan wild. More especially this attractive unreality fell upon it about nightfall when the extravagant roofs were dark against the afterglow and the whole insane village seemed as separate as a drifting cloud. This . . . was more strongly true of the many nights of local festivity, when the little gardens were often illuminated, and the big Chinese lanterns glowed in the dwarfish trees like some fierce and monstrous fruit.            The Man Who Was Thursday was the phantasmagoric 1908 novel of eccentric anarchists, philosopher-detectives and a riddle-writing criminal mastermind who just might be God. Subtitled A Nightmare, this masterpiece by G.K. Chesterton better known for his Father Brown detective series mingles theological brainteasing with cloak-and-dagger capers like a cross-country balloon chase and a  bombing conspiracy fomented over jam and crumpets.            This metaphysical thriller spirals out madly from a marvelous premise: a London counterintelligence chief has formed a corps of â€Å"policemen who are also philosophers.†An initiate tells the books hero Gabriel Syme, who is with the British police: The ordinary detective goes to pot-houses to arrest thieves; we go to artistic tea-parties to detect pessimists. The ordinary detective discovers from a ledger or a diary that a crime has been committed. We discover from a book of sonnets that a crime will be committed We say that the most dangerous criminal now is the entirely lawless modern philosopher.            Soon after joining these vigilantes, he was hired by an unknown, unseen man to infiltrate the noted anarchist movement, making him stumble upon an anarchist conspiracy to destroy civilization and morality itself. He starts with a loudmouthed poet of disorder, Gregory, and follows him into a meeting of the anarchists. Gregory is forced to keep Gabriels identity a secret for his own sake, for he himself had led the policeman into their secret hideaway.            The undercover Gabriel manages to get elected as one of the seven top men in the organization, alias Thursday, much to Gregorys silent chagrin. Gabriel meets with the other members of the council, all of who appear to be dark and dreadfully evil most of all the President, the huge mountain of a man called Sunday. Little by little, however, Gabriel realizes that the other five people under Sunday are not at all evil, but all of them spies from the police!            In the process, however, Gabriel succeeds in getting an entire French countryside to think he and his new friends are really anarchists (meanwhile they are thinking, or wondering in disbelief, that the entire countryside is full of anarchists after them). They nearly get lynched. When things are settled, this group of undercover police go back to England to seek out Sunday, whom they soon find is the very man who hired them to infiltrate the council in the first place! Sunday leads them on a strange and wild chase, during which the six philosophize about the nature of their strange antagonist.            Phantasmagoric escapades proliferate, and police pursuit collides with the carnivalesque nature of the universe. They realize that they have been seeing him from behind, and from behind he looks brutal; but the apparent evil was misleading. The journey ends at a palatial estate where the six are treated like kings, and finally see Sunday for who he is The Sabbath, the peace of God. The council of anarchists has turned into a High Council commemorating the Seven Days of Gods Creation.            The purpose of Sunday as the evil anarchist was to bring forth good through the others to urge them on to unnatural virtue. As they were fighting, they were fighting Satan. As the hearers grow indignant at Sundays using them for his purposes and allowing them to go through such trials, the paradoxical Problem of Evil seems somehow resolved. The last question asked of the strange man as he recedes into space is Have you ever suffered? and the answer the Christian knows is whispered from the distance. The last scene sees Gabriel Syme waking from his reverie, and chatting philosophy with the other Poet of Saffron Park, Gregory.             Chesterton offers up one highly colored enigma after another in The Man That Was Thursday. He truly knows how to create an atmosphere of hallucinatory suspense, to use the fantastic and paradoxical and fugitive to glimpse the other side of God. In an article published the day before his death, he called this literary masterpiece of his, â€Å"a very melodramatic sort of moonshine.†I guess thats how we would describe a novel set in a phantasmagoric London where policemen are poets and anarchists camouflage themselves as, well, anarchists. By turns hilarious and terrifying, Chesterton’s The Man Who Was Thursday is a lyrical search for truth in a world where nothing is what it seems.            This is not a book. This is a glorious experience. Works Cited Bloom, Harold. Modern Horror Writers (Writers of English). New York: Chelsea House Publishers, 1994. Chesterton, G.K. The Autobiography of G.K. Chesterton. New York: Sheed Ward, 1936. Chesterton, G.K. The Man Who Was Thursday: A Nightmare. New York: Dodd, Mead Company, 1908. Coren, Michael. Gilbert, The Man Who Was G.K. Chesterton. New York: Paragon House, 1990. Dale, Alzina Stone. The Outline of Sanity: A Biography of G.K. Chesterton. Grand Rapids, Michigan: Eerdmans, 1982. Dale, Alzina Stone. The Art of G.K. Chesterton. Chicago: Loyola University Press, 1985. Ffinch, Michael. G.K. Chesterton. San Francisco: Harper Row, 1986. â€Å"More letters asking Whats the Difference?.†Gilbert Magazine Outlining Sanity. 30 November 2007 http://www.gilbertmagazine.com/page_16.html Titterton, W.R. G.K. Chesterton: A Portrait. Folcroft, Pennsylvania: Folcroft Library
Saturday, October 26, 2019
The Neighbors :: essays papers
The Neighbors I'm sure going to miss their great friendliness and hospitality. They were always so nice to me, and my mom and dad. They were probably the best neighbors we have ever had. I think Judy was the first friend I met when I moved here from Wisconsin. We were both so young, it's bad of me not going to the funeral. I'll probably regret that I didn't go later on but, I just couldn't handle it right now. "Brandon we' re home". "Yea Mom I'm upstairs, do you think that anyone has moved into the Smites house yet?" "No I don't think so, why?" "Because all the lights are on. Also there is a car that looks like the Smites in the driveway." "You know that is impossible their car was totaled in the accident. The police had to cut the car in half to get the three bodies out." Well don't worry about it. You know we just came from their funeral it must be someone from the real estate company who has a car like John and Beth had. Why don't you come down and eat. We stopped and got pizza." "Sounds great I'll be down in a minute." "Gosh mom why did you get all this pizza? Are you expecting company?" "No Brandon, if we don't finish it tonight, I'll put the left over pizza in the refrigerator." "Sure mom, like we're going to finish it all tonight." "I wouldn't be so sure, I think you are in for a surprise tonight." "Hey.. uh mom what's that old grungy book doing on the table?" "Its an old book that's been passed down through several generations of my family. I thought that you would like to look at it with me and your father." As I took a glance at this queer looking book I noticed the peculiar title that read MAGICO NEGRO. I figured it was spanish but had no idea what it meant. I ignored it and as I was hungry, and sat down for dinner. When I was getting ready to chow down, my mother said "Why don't we pray?" This had me stupefied because we usually only pray when it's a special dinner or holiday But when mom picked up the freaky book I was alarmed and fearful of what she planned on doing! I saw that she had opened it to the "V"s and was looking at the word vecino in capital letters.
Thursday, October 24, 2019
A Portrait of the Artist as a Young Man - Artistic Development :: A Portrait of the Artist as a Young Man
A Portrait of the Artist as a Young Man  Artistic Development A Portrait of the Artist as a Young Man had various themes which covered many areas. The primary theme of the novel is the artistic development of the artist, Stephen, and this relates specifically to the artist’s development in the life of a national language. Stephen experiences many voices of Ireland as well as those of the writers of his education. Out of all these voices emerges Stephen’s aesthetic theory and his desire to find his own manner of expression. Stephen develops his own voice as a way of escaping these constraints. One of the main constraints on the artist as Joyce depicts his life is the Roman Catholic Church. However, it is both a constraint and an enabling condition for the artist’s development. First, the Jesuit education Stephen receives, gives him a thorough grounding in the classical and medieval thinkers. It also structures Stephen’s life in such a way that it provides him with a basis for his own development as a moral and intellectual person. In relation to his eventual development of a theory of art or an aesthetic theory, Stephen fully draws on this tradition. He uses two central doctrines of the church in this theory. First, he revises the doctrine into a way of imagining the relationship between art and the world it describes. When Stephen develops his theory, he thinks of himself as taking on the role of a "priest of eternal imagination, transmuting the daily bread of experience into the radiant body of everliving life." The second use of Catholic doctrine or tradit ion relates to its creation of a priesthood, a class of men separate from the world who act as intermediaries between the deity and the people. In Stephen’s idea of the artist, he is priestlike, performing the miracle of turning life into art. Joyce is in good company when he uses techniques to drive a wedge in the totalizing authority of the church and in other forms of seriousness, even the artist’s own. When Stephen is discoursing learnedly on his aesthetic theory, his friend Lynch critisizes him. He brings lust into the picture of how and why art is created. He laughs at Stephen’s deadly serious use of the scholastics to develop a theory of art. Earlier in the novel, when Mrs. Dante Riordan is condemning Parnell and supporting his excommunication from the Catholic church, Mr.
Wednesday, October 23, 2019
Fairness Creams
Review of Literature No one knows beauty products better than women, who are always trying something or the other on their skin. From Banana to Rose water yes they have tried it all to look younger and for a fairer complexion. But apart from all these natural products is there a product in the Indian market which can make a women or man fairer in fewer days, we will find out by reviewing these fairness creams. Since nearly every product in the market claims to making you fair from Shahid Kapoor to John Abraham and from Katrina Kaif to Kajole selling Olay products.The market for beauty products is vast but the market for fairness creams I think occupies 90% of the space. Long from the days of Britisher’s have always loathed dark skin thinking the white is always right, because of the hot climate in India most of us are dark skinned. And no matter what we try the colour pigmentation in our skin doesn’t seem to be responding to these products easily. Ever wished could just wash off the colour of your skin just like those Tide washing powder ads, where dirt vanishes instantly?Fair and Handsome: – Shockingly the Indian fairness cream market never saw the males as their potential customers, until the Emami Fair and Handsome cream was launched. It can be said as the first cream to focus on Indian males. It is priced around 37 Rs for a medium pack. And yes I must say it works, atleast on my complexion it did show some positive results. But it has drawbacks the cream is sticky and does not spread over your skin. May be a gel base formulation would make it more effective. The ingredients have not been shared by the cream makers but they claim it to be Ayurvedic and natural.Garnier for Men Power Light:- Garnier is a well known brand among beauty products, it has recently launched its popular Garnier for Men Powerlight cream, with a gel based cream Garnier Powerlight seems to be effective for all skins. It also provides with SPF15 sun screen. Tho ugh it is not for people who can spend. It is priced above 100 Rs for a single pack. The efficacy of the cream may depend on usage and your skin type. These are some of the main fairness creams from Indian market in the major products to go after are Olay and Fair and Handsome.Though Olay has been focused on woman I think men too can try it for best results, remember to use face wash and clean your skin on regular basis for healthy and glowing results. There are other new products as well Fair and Lovely menz active, Nivea for Men, Vasline Mens etc. Rest melanin is an eminent part of human skin and prevents us from Sun damage there is no shame in have a dark complexion some of our famous models and actress are dark skinned too. There are a lot of beauty products in the market available these days for the purpose of beautification and nurture of the body.Most of the people want to have a better personality but they are actually found perplexed about what they should do to ge t and sustain that cause. A perfect personality includes better physique, glowing skin and rather a fair and youthful complexion. In order to have a lighter skin tone, most of the people consider using skin fairness creams. Both of the men and women prefer to have a color that is appealing yet tempting for their overall look. Men want better-looking complexion because in today’s world they are generally outgoing and athletic to represent themselves in front of others.With the availability of the men’s fairness creams out there, it is quite confusing to decide the best one for the face and for the skin type you have. You should avoid rushing through the whole collection and selecting something that is not ought to suit you. Our skin is a really sensitive organ that needs to be kept nurtured and smooth. You should also take care of any allergic reactions that you might suffer after applying certain beauty products. There are certain organic and mineral skin c are products that can be consider for the cause.These would be free from the synthetic elements and don’t even have to worry about the side effects the artificial products might bring . Prefer the quality of the brand .. Sometimes, the most famous brands might not work for the different skin types. Choose the lighter products in order to make your skin fair and bright. Do not have to go with the products that exaggerate the skin too much. skin needs freshness that should provide on utmost basis. Consult a beautician before buying a cream . so can know well about the consistent good ones and you can differentiate the better ones according to the skin types.Perform a bit of research on the kinds before making a decision. There are even some fairness pills that create rashes and acne on the skin. might end up having other skin issues instead of a younger, attractive and fairer skin. ? Best Fairness Cream A Skin's Pride By: Albert Cain | – A fair complexion has always been associated with success and popularity. Men and women alike desire fairness; it is believed to be the key to a successful life. As most of the Indians are very much bothered about their colour complexion the fairness creams enjoy very good market growth rate when compared with other related product.There are number of fairness creams and other skin whitening products in the market such as peel-offs, serums, lotions etc. ? Hi Handsome: The Dream Of Every Man By: pthomas | – The Hi Handsome TV Commercial has given every man an opportunity to dream of a fair complexion. Everyone wants to be as lucky as the boy not by sneaking into a girl's hostel, but by applying the magical fairness cream. Men have started imagining themselves in place of the boy. Imagine walking on the road with ten girls around you and shouting out Hi Handsome!Aahh It's a dream come true. Read more: http://www. articlesnatch. com/topic/fairness+cream+for+men#ixzz10H8337u9 ? Should You Consider Lightening Your Skin? By: Bart Icles | – We all want to look our best, and many people would exert every possible effort in order to achieve the kind of appearance that they've been aspiring to have. People buy tons of makeup and beauty products just to enhance their looks, get haircuts, have their hair colored, lose weight, and overhaul their wardrobe in order to make themselves over and feel like they're entirely new people. Your Skin Is Asking For Some Thing By: [email protected] com | – Skin is the reflector of what our habits are. Basically it is the mirror which expresses the inner state of body, our eating habits, sleeping slots, care taken for the body, all these says the story of the skin. A healthy skin is what everyone and especially women want to enjoy, but is every one enjoying the healthy state of the skin. So, the answer for this question is no, not everyone enjoys healthy and glowing skin. ? Choose Best Health ; Skin Care Produc tsBy: scott hardy | – Taking care of our health and well being are our primary objectives in this new world of health consciousness and awareness. Various health programs, weight loss pills, food supplements, antioxidant products are flooding the market today all claiming for good health and proper health care and hygiene. Many manufacturers are joining the bandwagon and a lot of personal care and beauty products are available to suit a high level of demand from consumers. ? Meladerm: The Very Fresh Marvel Of Skin TreatmentBy: Jennifer Lowdry | – The particular type of particular person who is actually really aware by their own look? Or perhaps are one of those people that do not really feel at ease with the existence of a solitary black blemish or pimple damaged spot on their facial area? Quite a few utilizes skin whiteners in order to get free of this particular issue. However, along with the plenty of skin whiteners within the marketplace, which one part icular must be select? ? Face Whitening Creams By: Kelan Grady | – Extrapone Nutgrass is a good natural whitening ingredient that should be searched for.When it comes to skin whitening ingredients, there are a hefty lot of them in the market. However, Extrapone Nutgrass has been proven more effective in preventing excessive melanin production in a few short weeks thereby reducing and eliminating dark pigmentations and surface age spots. One example of a common skin lightening ingredient is hydroquinone. | | ? Skin Whitening With Bio Claire By: Bart Icles | – Wanting lighter or paler skin might sound unusual to people from countries in the Western world.However, in many other countries, skin whitening is practically a common process among many women, particularly those who are born with darker complexion or have dark spots or marks on their skin; those who have experienced sunburn or tanning, with their skin not returning to their original shade, also use sk in whiteners. ? Skin Whitening With Natural Way By: jony rich | – The fact is that this may be possible with a little dedication and research right. There are several homemade skin whitening products that can help you be more fair. Apply sunscreen before leaving home. It will protect your hard sunlight.It is advisable to wear sunglasses to protect your eyes and face of the pollutants. ? Oily Skin: Its Skin Care Regime By: Stone Keron | – Oily skin is definitely a cause for embarrassment when out for a party or a get-together. No makeup can withstand for a long time and will start looking dull, boring and so unkempt. Skin care regime therefore becomes highly essential for the oily skin. There are a whole lot of oily skin products that would help in overcoming the woes of having such a slimy skin. No doubt, there is a belief that people with such a skin do not appear to age quickly on the external face. Skin Protection Day Cream By: Dr. bruswiliams | †“ Most of a Skin Protection Day Cream for at least 8-10 hours a day 7 days a week. When you consider how many hours this adds up to, your day cream needs to contain beneficial ingredients that will deliver immediate visible results. The truth about what the skin really needed and it was Hydration! Most anti-aging day creams and other anti-aging skin care products on the market today contain ingredients that are molecularly to large to be absorbed into the skins surface. ? The Real Deal On Skin Care Devices By: Michi A.  -A Women always want to look and feel beautiful that's why they are constantly seeking ways on how to maintain their skin. As having a perfect skin has always been equated to beauty. Blame it on the media and the standards that they have imposed on beauty. Using moisturizers, slathering anti aging and whitening creams, undergoing cosmetic procedures and getting skin injectables are among the popular ways that women do to beautify their skin. Using skin car e devices is also another way or a method. Article: ‘Fairness creams' target both genders, well, fairly. Global Idea Network)(Brief article) Eyline: Mythili Chandrasekar â€Å"Fairness creams†are a large product category for women in India. Over the years, the promise of these creams has moved from †Can find a husband†to â€Å"you can get a job. †Progressive ads show women as having the upper hand in choosing partners, and the jobs the protagonists in the ads get have changed from air hostess (traditionally a â€Å"modern†profession) to cricket commentator. ALL IS FAIR IN THIS MARKET (Hindustan Lever Ltd's Fair and Lovely is the market leader with a 53 percent share).Asia Africa Intelligence Wire | September 05, 2002 | (From India Business Insight) The Rs700-crore skin fairness products market is estimated to be growing at 10-15 percent per annum. Hindustan Lever Ltd's Fair and Lovely is the market leader with a 53 percent share. Cav inKare's brand Fairever with about 12 percent market share stands second and Godrej's FairGlow third with 3. 5 percent market share. Himalaya Drug Co recently forayed into this segment and expects to garner a 2 percent market share. The other players in the field are emami and Revlon.
Tuesday, October 22, 2019
American Exploration essays
American Exploration essays Why did Europeans embark upon world and what brought them and Africans to the New World? How did Britains colonization efforts compare to that of Spain? European monarchs forcefully consolidated their previously diffuse political power and raised new revenues through increased taxation of an already hard-pressed peasantry. In England, Henry VII in 1485 founded the Tudor dynasty and began uniting a previously divided land. In France, the successors of Charles VII unified the kingdom and levied new taxes in 1453. Most successful of all were Ferdinand of Aragon and Isabella of Castile, who married in 1469 and founded a strong Catholic Spain. (15) This was the emergence of the nation state or unified nation. The unified nation brought along nation laws, national currencies, and nationwide combined resources. New technological developments played a large role in the era. One of the most important developments was that of the printing press in 1450. The printing press was important in that it enabled information more accessible. Books like Marco Polos travels were printed. Fueling the imagination of many European, that there might be an easier way to trade in the orient. Other inventions like the Astro-lab and the Compass made navigating ships easier. Each country desired an easier way to obtain African and Asian goods like spices, gold, silver, and slaves. This was helped with the newly discovered Westerlies wind that made returning from Africa routine. Every nation by the 15th century had tried to set up a colony for trading, but England. With most of the world still hurting economically from the 100-year war, it was important for all nations to find new ways to gain capitol through exploration. Religion, also, influenced the desire for exploration. A concern for spreading Christianity around the world supplemented the economic motive. Explorers and colonizers (especiall...
Monday, October 21, 2019
Writing Prompts and Topics for the Easter Holiday
Writing Prompts and Topics for the Easter Holiday Journal writing teaches elementary school students to think creatively and gives them an opportunity to practice writing without the pressure of a right or wrong answer. You may or may not choose to review journal entries for correct grammar and spelling, but lifting the pressure of producing a polished piece often frees students to just enjoy the process. Many teachers see a marked improvement in overall writing ability in a short time when they use journals in the classroom. Try to make time at least a few days each week for your students to express their thoughts and feelings through words. Writing Prompts Holidays and other special occasions make good writing prompts because children generally look forward to them and enthusiastically share their thoughts on the topic. Easter writing prompts and journal topics inspire students to write about the Easter season and what it means to them. It also gives teachers an opportunity to learn more about their students personal lives and how they celebrate the holiday. Suggest that your students share their journals with their parents at the end of the year; its a priceless gift of a scrapbook filled with mementos straight out of their childs mind. You can let your students write stream-of-consciousness style with few restrictions or provide more structure for a journal entry with length recommendations and suggestions for details to include. The main goal of journal writing should be to help students lose their inhibitions and write with the pure purpose of writing for the sake of writing. Once they get the hang of letting their thoughts flow, most students really enjoy the exercise. Topics for Easter How do you celebrate Easter with your family? Describe what you eat, what you wear, and where you go. Who celebrates Easter with you?What is your favorite Easter book? Describe the story and explain why you like it best.Do you have an Easter tradition with your family or a friend? Describe it. How did it start?How has Easter changed from when you were really little to now?I love Easter because†¦ Explain what you love about the Easter holiday.How do you decorate your Easter eggs? Describe the colors you use, how you dye them, and what the finished eggs look like.I once got a magic Easter egg†¦ Start a story with this sentence and write about what happened when you received the magic egg.At the perfect Easter dinner, I would eat... Start a story with this sentence and write about the food you would eat at your perfect Easter dinner. Dont forget dessert!Imagine that the Easter bunny ran out of chocolate and candy before Easter ended. Describe what happened. Did someone c ome along and save the day? Write a letter to the Easter bunny. Ask him questions about where he lives and what he likes most about Easter. Tell him how you celebrate the holiday.
Sunday, October 20, 2019
Heinekein Company
Heinekein Company Company Profile Heineken is one of the largest beer brands in the world. In addition the company has more than 165 international. In this company the main aim is to have a worldwide best brand portfolio and be the leading brewer.Advertising We will write a custom essay sample on Heinekein Company specifically for you for only $16.05 $11/page Learn More Today beer is widely available and enjoyed in most countries and cultures all over the world. Heineken is one of the largest companies in a global network of distributors and breweries. In addition, Heineken manufactures the world’s most popular beer brands. The headquarters of the company has both centralized and decentralized organization to enhance global marketing. Specific guidelines have been put up to provide the face of the brand with fundamental values and add value for local marketers. The company has an executive board that creates and implements the corporate strategy and manages all compani es related to it. The board members are appointed by shareholders of the company who ensure that the company’s strategies are enacted. The company aims at striking equilibrium between the various managerial positions within the whole conglomerate. Promotional events of the company entail incorporation of the various managers’ submission of budgets and strategies in the specific market spheres. These are then viewed by the headquarters to allow for consistency in Heinekens international advertising. Product Name The name of the product is Heineken beer. Heineken has a cooperate culture whereby it enables the organization to adapt and integrate into the culture in which they will be operated.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Heinekens name is picked after being viewed as an integral part of the societies it is present. Much value is put on respect, honor and understanding the socio-political nature and the local culture consuming the product. History In Central Europe, Heineken is the largest brewery; it has a number of brands that are well marketed. Heineken is usually marketed around the world as a premium brand; in terms of price towards the customers (Sharon 300). The company adopted the laid down ideology of the Dutch Corporate Governance Code (Ashish and David 34). The company has a strong foothold in the european markets that account for almost half of its revenues. Information According to a study done by Project Come it proved that the brand’s uniqueness arises from a strong foundation that comprises of various unique attributes of the Heineken brand. It was evident that the Heineken beer brand was loved and adored by many consumers due to these unique characteristics. The ingredients of the beer mainly include, hops water and yeast. All these are supplied by farmers nearest to the production plant. Target market Th e target market of the brand is wide with much focus put on the youth above eighteen years of age. The brand is also widely found throughout Europe, Africa and America. A higher percentage of those who consume the product are middleclass individuals who enjoy their drinks in bars. However, in certain countries the beer is taken during occasions while others take it as a daily consumption beer (Heiat, Gross and Krumholz 1685). Strengths Heineken as a beer is produced on the high quality standards.Advertising We will write a custom essay sample on Heinekein Company specifically for you for only $16.05 $11/page Learn More The beer has attractive packaging that pleases the customer. Heineken is a lighter beer with less alcoholic content. The beer has a special unique taste. The formula used to prepare the beer is original with none of it used anywhere. The brand is widely available. Heineken is a premium brand beer that is available to its customers in terms of price. An additional strength to it is that it is the most heavily advertised premium beer in Europe and worldwide and use TV commercials heavily. The appearance and make of the Heineken bottle and logo puts the brand ahead of the rest.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Weaknesses The brand lacks an integrated marketing campaign. The efforts necessary for brand revitalization are not present. The brand image is not consistent with the brand communication. In certain areas there is no production base. Cultural factors have played a big role in limiting the expansion of the Heineken brand in various markets. Heineken is usually consumed by patrons of a slightly older generation when compared to other brands. There is a challenge in enabling the brand to be accepted by teenagers and younger individuals. Cost; the cost of Heineken compared to most beer brands are on the higher side. There brand lacks worldwide advertising thus market for the brand is not well reached. The TV commercials that are aired basically reach the larger markets only. Opportunity The company has an opportunity of sponsoring sports both at local and regional levels. Information technology has created an opportunity to Heinekens upgrade on security. Business operations in and outs ide the company is increasing. For example, the current advancement in technology has opened a large market to access world population without any barrier. This has enabled the company to reach various areas of the world. Threats The long-lasting proclaimed of superiority the Heineken brand may in itself be a threat. This is to enable the brand to flourish and have a strong reputation. Heineken meets a challenge to enhance a global recognition through the identity of the brand, to maintain a healthy financial position. With globalization going on, more brewers are looking for new markets, while governments on the other hand have an intention of gaining maximum profit and also get empathy on ethical grounds by imposing taxes that are heavy on beer imports. In London, drinking alcohol on public transport is prohibited; this will hence decrease the market of Heineken as individuals want to enjoy their beers wherever and whenever they want to. Economic changes that occur in revenues of a country would also pose a threat to the sales of Heineken. Currency fluctuation could create a threat to the company’s results. Recession in certain countries has brought individuals to choose an alternative drink that is cheaper; as a result Heinekens distribution aspect faces a threat. The brand might face a decline in consumption as the lifestyle of this new generation has changed due to lack of time and individuals spend less time in bars. This would then lead to a fall in sales volume. The threat for power of supplier is high as the main suppliers of raw materials to the company are farmers. The threat for power of buyers is also high as the consumers have a wide variety of companies serving beer and thus the choice of the customer’s preference is not limited. Today, there is a high number of small breweries being opened up making the industry very competitive, making Heineken have no choice but to share the market with other brewers. Therefore, there is a threa t of probable new entries in the beer industry. The threat of substitutes; Due to the above threats Heineken may be forced to create a new and unique product that can sustain the competition the face in the beer market. Since beer is an alcohol beverage, an individual may choose to switch to drink wine which also contains alcohol. This will also affect the beer market which as well affects the sale of Heineken. As a result, the threat of substitute for beer market is high. Recommendations Different stages of the product in different markets dictate employment of different strategies such that in growing markets both pulling and pushing strategies are suitable (Britton, et al. 115). In these advertisements they should also be able to focus on the local market thus market mix should also be observed whereby the consumer will develop a greater emotional link to the company. The website developed for the company should be able to attract every consumer depending on the area. Thus local language should be used on different countries. If the company is involved in sponsorship, there is a high chance of it opening up to its marketing. This can be through sports and music events or films targeting to appropriate demographic profiles. Also, its global branding strategy should account for the socio-cultural influences, attitudes and the perception of its consumers in all foreign markets. This will enable the headquarters marketing forces to play an important advisory role for local partners (Herring, Patti, et al. 427). Ashish, Chandra, and David, Paul. ‘Modern Brewing technologies‘. Hosp Top 3.81 (2003): 33-38. Britton, Annie, et al. â€Å"Beer brewing: Threats to success on heinekenâ€Å". Journal of Breweries 4.2 (1999): 112-121. Heiat, Asefeh, Gross, Cary, and Krumholz, Harlan. ‘European business techniques,’ Beer Industry 162.1 (2002): 1682–1688. Herring, Patti, et al. ‘Understanding the challenges in attainig an excellent b eer industry: The beer study,’ Ethn Dis 14.3 (2004): 423–430. Sharon, Mason.‘How Europe and worldwide and use TV commercials.’ Heineken beer 30.1 (2004): 296-304.
Saturday, October 19, 2019
Calculating cash flow and net present value (see paper for details) Assignment
Calculating cash flow and net present value (see paper for details) - Assignment Example From the presented case of the manufacturing organization, revenue outflows are the additional support costs of  £4K every year. Capital inflows refer to those incomes that are generated from other activities other than the normal trading of an entity. In the case of the manufacturing organization such capital inflows is the sale of machinery. On the other hand, revenue inflows are those incomes that are generated by an entity from its normal operations by selling goods or services. To establish the payback period, the cumulative cash flows was established, but from the above calculations, the manufacturing organization could not cover its initial investment costs of  £410K from the net cash flows it generates within a period of five years. It is also a discounted cash flow technique that uses the principle of NPV. It is individual investment’s rate of return when it is considered in isolation or independently of all other investments that the firm undertakes. It is that rate of return which is inherent or internal to the cash flow of a given project. It is the discounting or required rate of return that gives a zero NPV i.e. ∑PVs – I0 = 0 NPV. Internal rate of return is established through trial and error, interpolation, or extrapolation method. Through the trial and error, a rate of interest is selected at random and is used in the establishment of NPV of the cash flows. If the rate chosen gives a lower NPV than the cost, a lower rate is chosen and if the rate gives a greater NPV, a higher rate is chosen. The process continues until the final rate chosen gives a zero
Friday, October 18, 2019
Race and Your Community Research Paper Example | Topics and Well Written Essays - 1500 words
Race and Your Community - Research Paper Example However, globalization has come to change how people perceive those from other races. There is more appreciation nowadays that people irrespective of race are just but human beings and can live in peace as brothers as sisters. For a society to grow racial tolerance is essential. This paper looks into various influences of race in my community in Phoenix, Arizona. Discussion Working in a copper mining company in Phoenix has helped me to develop the way I perceive people from different racial backgrounds. It is however not easy to intermingle freely with people from other races. There are still minor tensions that exist which get eroded as people work together more and share experiences. I work as a clerk whereby I attend to all people irrespective of their position in the company. I have come to disregard the popular belief that people exhibit differences based on their racial affiliations. It is however true that people from different races normally behave and perceive things differe ntly. My analysis on this issue is that this happens based not on their race but their background or environment. The basic issue is that all people be they Caucasians, Hispanics, Asians or African Americans, exhibit similarities in their values and beliefs. From my family background we were always taught that all people are equal in the eyes of the Creator and as such we should see them in the same light. Racism therefore forms a less important issue of debate in my community but should not be neglected altogether as scattered incidences still happen (Hartmann & Cornell, 2007). I can remember vividly when I was little where both in school and at home children used to play together irrespective of their race. It is after we grew up that we started taking racial differences more consciously. What we were being taught as children was basically to respect other people especially the elders. Respect for each other was also heavily emphasized by our parents where fighting or insulting an other child was heavily punished. Looking back in my childhood neighborhood I can recall that older people from the same race tended to socialize more despite there being no other major differences among people. I think this was due to the fact that the racial differences were quite intense when they were growing up and segregation became part of their life and routine. The media in Phoenix has been unbiased along racial lines. What forms the basis of news is what is worth being aired as news and not an individual’s race. For this media what is important is the way they will deliver their stories to captivate their listeners and viewers. Due to heightened competition between media houses what matters to them is how many listeners and viewers they have managed to capture (Hartmann & Cornell, 2007). As such, they try their best to remain unbiased irrespective of the character at the center of news or controversy. This is partly due to the realization that without people from al l races forming their clientele base, success in the media business is impossible. The media in Phoenix therefore offers African Americans, Hispanics and Caucasians a level playing field when it comes to content in their news and programing. In Phoenix leadership is well shared by people from different races. It therefore presents the rich diversity of races that inhabit this state. It is important to appreciate that inhabitants of Phoenix hail not only from
Labor Economics Essay Example | Topics and Well Written Essays - 1000 words
Labor Economics - Essay Example James Watt had perfected the modern steam engine which became the foremost energy source and ushered the era of Industrial Revolution. The United States had declared its independence from England and thereafter became the epitome of industrialization. Eight hundred thirty seven years later, many postindustrial societies are transitioning to internationalized information societies that have brought about myriad changes and challenges which are the subjects and objects of the study of labor economics. 2. Discussion Labor economics is a social science that analyzes, makes inferences, and theorizes about organizations, institutions, and behavior of the markets for wage labor in industrializing, industrialized, or internationalized information economies. It seeks to understand the characteristics of suppliers of labor services, the demands of labor services, and the resulting pattern of wages, employment, and income (Wikipedia contributors). However, labor economics does not include it it s study the psychology or sociology of individual employment decisions, such as the emotional ill effects of unemployment or the social gain of wages and salaries or chosen type of work. Current market analyses usually do not take into consideration unpaid labor such as stay-at-home spouses who are raising children or caring for their elders although some recent studies have used the tools of labor economics to know the impact of nonworking spouses, children, and the elderly on household decision-making or on social topics such as marriage, fertility, discrimination, and crime in relation to the labor market. Because labor and the study of labor is of paramount importance and naturally linked to the wealth of a nation’s economy, it is essential that governments thoroughly analyze and investigate its many facets. Labor is the measure of human activity to produce goods or services defined in contrast with other factors of production like land and capital. Labor wages are remune ration for work completed per unit of time. In calculating labor by wages, hours, or efficiency, a business company can use these data in figuring the optimal work force and most favorable wages to maximize productivity and profitability. A government can also use this type of data to determine or curb unemployment and assess the impact of labor on a nation’s economy. A country’s labor force is the number of individuals age 16 and over (working age by law), who are employed, self-employed or actively seeking employment. The non-labor force are those individuals who are not seeking employment such as stay-at-home spouses, those who are pursuing education such as children, retirees, those who are institutionalized such as in prisons or psychiatric facilities, those in the military, and those doing civic service. The unemployment rate is the level of unemployment divided by the labor force. The employment rate is the number of people presently employed divided by the work ing age population. The labor market is quite similar to
Thursday, October 17, 2019
Group WIKI Assignment Example | Topics and Well Written Essays - 250 words
Group WIKI - Assignment Example Prevention includes recreational treatment methods that will teach them on how to be much more in control of their lives and choices they make including the friendship they keep. The case study of the 12 year old girl with substance abuse problem will also benefit more from having a strong social support system from the parents and guardians as the girl has the mother, she should try to provide a social support after the rehabilitation (Gregg, 2012). According to the journal article, nurses are the first to discover about older people that may be undergoing domestic abuse without them even having the knowledge about it taking place. The best way to handle such situations is for the one that discovers the domestic violence to find ways to address it as soon as they can to protect the one being abused with or without their knowledge. In this case about the elderly couple, the man needs help from the lady as he seems to be undergoing domestic violence (McDowall, 2010). Aradilla-Herrero, A., Tomas-Sabado, J. & Gomez-Benito, J. (2014, April 23). Associations between emotional intelligence, depression and suicide risk in nursing students. Nurse Education Today, 34(4):
Housing Health and Safety Rating System Essay Example | Topics and Well Written Essays - 1250 words
Housing Health and Safety Rating System - Essay Example However, one must note that enforcements are made only after thorough inspection of the dwelling and not before the inspecting staff is 100% sure of the violence of any condition under HHRS. (Housing Health and Rating System: Operating Guide, pp.6-10) Upon receiving a complaint, inspecting staff is directed toward the property. This staff carries out a through inspecting and notes down everything in inspection checklist. References are then made to housing act of 2004, HHRS (Housing health and rating system) and associated guides and law books. It is then based on the judgment of inspection staff to propose to the government whether the property is safe or is unsafe for the tenants in the property. This proposal has to be made in the form of a report which contains: After all this has been specified, then the report further contains a brief description of the property. This description starts with the type of construction, age of the property and the size of the property. It then states how many floors do this property has and measurements of the walls how thick and tall the walls are. It also contains the number of windows and doors this property has. Then the report discusses the type of accommodation of the property. The covered area of each floors and types of rooms like kitchen, living area should be specified. ... It also contains the number of windows and doors this property has. Then the report discusses the type of accommodation of the property. The covered area of each floors and types of rooms like kitchen, living area should be specified. Then the same information is specified for the first floor and any other floor that the property has. Then, the report talks about the garden area of the property and how well it has been kept. Then based on the schedule of works and the finding of the research on the property, various recommendations are made. The new HHRS system is flexible and actions are not rigid but are very flexible and taken after determining the following factors: Whether the property is empty or occupied Number of people living in the property In the information of the assignment, dampness and mud growth fall under the category 1 of the hazard. The way to categories them in either 1st category or second doesn't only depend on the inspector's judgment but in recent area a formula has been developed to give weightage to each hazard and then depending on this weightage classifying them in either hazard of category 1 or 2. There can be only one action taken against one hazard and simultaneously many actions cannot be taken at once Suppose if the housing health department issues a prohibition notice to the owner about his breach of law. This may not necessarily tempt him into improving the condition of the problem because he's not been fined or any thing and there's not incentive for him to improve the condition unless the government fines him. Similarly if the government sent him improvement notice he may not do so unless he's been threatened or incentive is created for him. Similarly,
Case Analysis on Human Resources at Hewlett Packard Essay
Case Analysis on Human Resources at Hewlett Packard - Essay Example HP Way in conducting its business is based on a set of ethical principles. Honesty and integrity form the very core of this approach. Its customers must be sure of the deals that they make with the company. For this it’s necessary to inculcate ethical principles in HR personnel. Teamwork at HP is emphasized since stakeholders, particularly the shareholders, depend on company’s policy in generating value for all concerned. Thus a sharing responsibility for organizational outcomes among HR personnel would be desirable. The company encourages flexibility and innovation among its employees. Their primary goal should be the development of innovative and flexible ways to carry out daily tasks so that functional processes become smooth. Teamwork enables horizontal communication function to be carried out with a singular focus on organizational goals. While communication structures have been overhauled to support a more democratic and less centralized vertical functional network within the organization there is also a well planned strategy to achieve results. There are both advantages and disadvantages associated with working for a company like HP. In the first place advantages include such benefits like good future prospects, career development, performance related pay, a positive and independent work environment and opportunities for innovation and meaningful contribution. Future prospects lie with the diversity and expansion of the organization (Becker, Andrew & Dave, 2001). A fast growing organization with ever rising net revenues must be any employee’s dream because the future of the company and its employees is basically determined by the current pace of positive progress that the company is making. Career development at HP is possible depending on the scope of the job. High tech companies like HP with a fair degree of diversification into other fields through merger and acquisition (M&A) are more likely to produce positive synergies that would
Wednesday, October 16, 2019
Differences in Beliefs About the Causes of Health Disparties in Black Article
Differences in Beliefs About the Causes of Health Disparties in Black and White Nurses - Article Example The Caucasian nurses focus on genetic variables to determine the health disparities. The differences translate to different healthcare cultural competency skills trainings. The Article Reflects Good Management Practice. The principles in the article reflect good management practices. The African Americans correctly focus on the external factors in the pursuance of their healthcare activities (LaVeist, 2011). External activities affect the patients’ health. Consequently, resolving the issue of external healthcare providers enhances healthcare services. Implementing programs, improving communication and reducing discrimination in society resolve the disparities. Similarly, the Caucasian nurses focus on the genes. Gene research helps hasten the body’s recuperation process. The process indicates that some illnesses are triggered by certain gene formations. By focusing on rehabilitating the genes, the patient’s health improvement is hastened. The White nurses focus the â€Å"inner factors that are uncontrollable cause disparities (Chen et al., 2013. p. 275)†. These same nurses do not acquire external information in the patient rehabilitation process. The Caucasian nurses believe the patients’ genes triggered the ailments (LaVeist, 2011). I feel this is an important healthcare management article. The above article is important to the healthcare management process. By knowing how the African Americans think, the disparities can be address. By knowing how the Caucasian nurses think, disparities can also be address. Better understanding of the disparities between the two nursing groups will enhance the patient care outcomes. If the gene research shows that the patient’s health cannot be cured, the nurses accept the gene research findings (Chen et al., 2013). Further, the differences lead to variances in efforts to improve health conditions (Chen et al., 2013) For example, the
Tuesday, October 15, 2019
Case Analysis on Human Resources at Hewlett Packard Essay
Case Analysis on Human Resources at Hewlett Packard - Essay Example HP Way in conducting its business is based on a set of ethical principles. Honesty and integrity form the very core of this approach. Its customers must be sure of the deals that they make with the company. For this it’s necessary to inculcate ethical principles in HR personnel. Teamwork at HP is emphasized since stakeholders, particularly the shareholders, depend on company’s policy in generating value for all concerned. Thus a sharing responsibility for organizational outcomes among HR personnel would be desirable. The company encourages flexibility and innovation among its employees. Their primary goal should be the development of innovative and flexible ways to carry out daily tasks so that functional processes become smooth. Teamwork enables horizontal communication function to be carried out with a singular focus on organizational goals. While communication structures have been overhauled to support a more democratic and less centralized vertical functional network within the organization there is also a well planned strategy to achieve results. There are both advantages and disadvantages associated with working for a company like HP. In the first place advantages include such benefits like good future prospects, career development, performance related pay, a positive and independent work environment and opportunities for innovation and meaningful contribution. Future prospects lie with the diversity and expansion of the organization (Becker, Andrew & Dave, 2001). A fast growing organization with ever rising net revenues must be any employee’s dream because the future of the company and its employees is basically determined by the current pace of positive progress that the company is making. Career development at HP is possible depending on the scope of the job. High tech companies like HP with a fair degree of diversification into other fields through merger and acquisition (M&A) are more likely to produce positive synergies that would
Drug Legalization in the United States Essay Example for Free
Drug Legalization in the United States Essay Abstract This paper will explore four websites and one online newspaper addressing the subject of drug trafficking in the United States and why legalization is a profitable alternative. The various ways drugs are bought into the country, information on how and why drug trafficking has increased in the United States, statistics on the number of people that are addicts, and the problems related to foreign countries on this issue. The reasons why illicit drugs should be legalized and what the income from the taxation from them could do to better our health care reform and our economy. Keywords: drug trafficking, economy, legalization Drug Legalization in the United States Illegal drugs are exports and deported out if our country everyday by different groups such as high profile criminal gangs or groups such as the cartel. Law enforcement has yet found a suitable way in controlling the war on drugs and have in past years, up until now, have made and passed bills and policies within the government that has made it worse. The legalization of illicit drugs, such as marijuana, would dramatically save, if not make our country more money.The Department of Justice reports the trafficking of drugs has increased in the United States (2012). Criminal groups from other countries, such as Mexican, Cuban, and Asian, including the groups in our country, grow, manufacturer, and distribute marijuana and other illicit drugs. Meth being in such high demand, leads to the growing number of addicts. Domestic cannabis growers and producers provide marijuana as easy completion for such drugs such as cocaine, LSD, and heroine. Since the price of the final product increases to abnormally high values, because of the black market status, this together with the powerful effects of drug addiction causes users to commit crimes in order to fund their addiction. The ways that illicit drugs are brought in to the country are by passenger ships at United States ports and shipping containers, criminal groups operating from South America smuggling cocaine and heroin in the United States. Self-propelled semisubmersible vessels are maritime vessels used by traffickers to transport illicit drugs. These vessels typically protrude only a few inches above the surface of the water, making them very difficult to detect visually. SPSS’s typically have a four-man crew and are capable of carrying multiton quantities of cocaine. The primary threat from drug smuggling via private vessels is from Caribbean-based traffickers exploiting the Puerto Rico and Florida coastlines. Traffickers transported mostly cocaine from the Dominican Republic to Puerto Rico, although they smuggled lesser amounts of heroin, sometimes combined with cocaine loads. Caribbean traffickers also smuggled cocaine, heroin, and marijuana from the Bahamas to areas of South Florida bet ween Miami and Palm Beach. Seizure totals and routes remained relatively constant compared with those of previous years. These routes have been opened and used frequently since the 1970’s. Traffickers used private maritime vessels to smuggle drugs into the United States during 2009 through Puerto Rico, South Florida, South Texas, and southern California, and Mexican DTOs sometimes smuggle drugs by maritime means to avoid law enforcement scrutiny along the Southwest Border. According to Drug Addiction Facts and Statistics, the statistics on the number of addicts that we have in the United States are also growing rapidly. These numbers are solely based on the harsher illicit drugs such as heroin and cocaine. â€Å"2010 estimated 22.6 million Americans over the age of 12 that were currently or formally illicit drug users are equivalent to about 8.9% of the population†Over 6 million children in the United States live with at least one parent with a drug problem. Since the 1980’s the numbers of people that used illicit drugs that ended death either by overdose or some other type of reaction has risen to over 540%. A 1996 U.S. government study claims that heavy marijuana use may impair learning ability. The key words are heavy use and may. This claim is based on studying people who use marijuana daily–a sample that represents less than 1 percent of all marijuana users. This study concluded: 1) Learning impairments cited were subtle, minimal, and may be temporary. In other words, there is little evidence that such learning impairments even exist. 2) Long-term memory was not affected by heavy marijuana use. 3) Casual marijuana users showed no signs of impaired learning. 4) Heavy alcohol use was cited as being more detrimental to the thought and learning process than heavy marijuana use. (2012). Drug raids in the United States happen on the average of hundreds of times a day. The policies are a lot more dangerous and dramatic then public use of drugs. These policies harm not just families of the users and dealers, but the neighbors and general public that surround them. It has been known that law enforcement has gotten wrong addresses, and bad leads to help them follow through enforcement. Drug task force units have their equipment such as big guns and bullet proof amour, for their defense, but to a child of the suspect, it can seem very intimidating and scary. This also has been known as traumatizing to the youth and families involved. It has also been classified as terrorizing. This is not what these policies were set out to do. Prohibition on illicit drugs brings more gang violence, murder, and violence from dealers, users, children, families, and law enforcement made to enforce policies. There are approximately 17.4 million users of marijuana between 2007 through to 2010 . The numbers increased to 6.9% up from 5.8% or 14.4 million to 17.4 million users. â€Å"To allow policy experimentation, the federal government should permit states to legalize the production, sales, taxation, and consumption of marijuana. While testing this policy shift, authorities should redirect scarce law enforcement resources to focus on the more damaging and socially unacceptable drugs such as heroin, cocaine and meth. From which Mexican drug trafficking organizations derive more than 70% of their proceeds (Moffat, 2012). Replacing marijuana prohibition with a system of taxation and regulation similar to that used for alcoholic beverages would produce combined savings and tax revenues of between $10 billion and $14 billion per year. The revenue from marijuana sales after legalizing for the government could be lucrative. If the tax of marijuana cigarettes was substituted for equal to the difference between the local production cost and the street price currently paid, transfer the revenue from the crime groups to the government, we would have revenue of abo ut $7 per unit. This adds up to over $2 billion on the Canadian sales and even more on an export tax then we can forgo the cost of enforcement and deploy our policy assets elsewhere. By providing legal supplies of currently illegal drugs the price will fall, leading to a collapse in the illegal drug industry, and a reduction in crimes committed by both drug suppliers and users. Some could also argue that the reduction in the price will lead to little, if any, growth in drug addiction, due to the inelasticity of demand. In a strictly regulated market, drug use may fall overall, by removing the marketing activities of the illegal drug industry. There are a growing number of law enforcement professionals speaking out for legalization. LEAP (Law Enforcement against Prohibition) is an international organization founded in 2002 made up of current and former members of the law enforcement and criminal justice communities who are speaking out about the failures of our existing drug policies. According to Betty Taylor, former Chief of Police of Winfield, MO and a speaker for LEAP (Law Enforcement against Prohibition) â€Å"If you can’t control the problem then regulate it. Regardless of law enforcement expenditures, the negative effects of prohibition include violence and other criminal activity†(Bozarth, 2012). The prohibition of marijuana is taking away from our economy in many different ways, such as financially. It is also taking our law enforcement officials away from being able to enforce the more dangerous crimes such as murder and enforce the policies of the more dangerous drugs such as cocaine and heroin. Taxes from the product can bring in more revenue and create another cash crop for farmers to contribute to the economy and also help with drug care reform in making a prescription drug that is affordable and easily acquired. These things are beneficiary to our country as long as it is monitored and maintained by its own policies put in place by ou r government. References DEA Briefs Background, Drugs and Drug Abuse, Drug Descriptions, Drug Trafficking in the United States. (n.d.). Welcome to the United States Department of Justice. Retrieved March 5, 2012, from http://www.justice.gov/dea/concern/drug_trafficking.html Drug Addiction Facts and Statistics. (n.d.). http://www.michaelshouse.com. Retrieved March 5, 2012, from http://www.michaelshouse.com/drug-addiction/drug-addiction-statistics/ Law Enforcement Against Prohibition. (n.d.). Retrieved March 5, 2012, from www.CopsSayLegalizeDrugs.com Moffatt, M. (n.d.). Should Governments Legalize and Tax Marijuana?. About.com. Retrieved March 5, 2012, from http://economics.about.com/od/incometaxestaxcuts/a/marijuana.htm Bozarth, M. (2012, 02 23). LEAP Helps Launch Marijuana Initiative. http://stjtelegraph.org/. Retrieved March 5, 2012, from stjtelegraph.org/wp-content/uploads/2012/02/stjtelegraph-23-08_all.pdf
Monday, October 14, 2019
Effect of the Financial Crisis on House Prices
Effect of the Financial Crisis on House Prices Financial Crises. Analysis of House prises in London and Almaty and how world financial crises affected Kazakhstans economy. The subprime market crisis that hit the financial markets in the summer of 2007 caused a series of negative market reactions on a global scale. The tightly entwined nature of world financial markets represents a global loop whereby occurrences in one market have implications in and for others. This factor has been and will continue to be one that triggers international financial incidents, and in some cases they result in what are termed as a crisis. A crisis is defined as â€Å"†¦an unstable or crucial time or state of affairs in which a decisive change is impending; especially :one with the distinct possibility of a highly undesirable outcome†[1]. This describes the financial situation that forms the basis for this study, the subprime mortgage meltdown in the United States that hit the global stage in the Summer of 2007. In equating the ramifications of the preceding, two locales will serve as the focal point of the foregoing. London and Almaty are two examples that offer a distinct contrast in terms of where they sit in the global economic arena. London is located in the financial stable European Union, and is a city that has gone through differing economic turmoil in its long history. Almaty, is located in Kazakhstan, a new country that was borne out of the ashes of the break-up of the Soviet Union, and is seeking its economic identity through creating an infrastructure that is being crafted from the state run Soviet system that left few positives in its passing. The financial services sector is often a little understood arena owing to the complexities of how it operates within the context of international economic activity and the variables of the market economy. The intricate nature of the ties between differing regions, and how they interact upon one another represents a complex set of macro and micro economic aspects within which this crisis developed and impacted every corner of the globe. This study shall look into the manner in which this financial crisis affected the real estate markets in Almaty, Kazakhstan as well as London, England looking to uncover the why of this impact, along with the ramifications. 1.0 Introduction The tightly interlinked nature of the global economy has brought every corner of the globe closer together as a result of the advances in technology. This fact is also of course true for the financial services sector. In the later part of 2006 a financial issues began brewing in the United States as a result of lending activities in the home real estate sector. The underlying problems created from the lending of favourable interest rate loans that were put into motion by the Federal Reserve System in the United States to spur economic growth translated into a later meltdown as a result of defaults. The Secretary of the Treasury, Henry Paulson, Jr., stated that the situation â€Å"†¦ came about because of some bad lending practices[2]. Timing, circumstances, and other factors in the complex web of national economics that are tied to global economics can generate an unpredictable set of occurrences that can mushroom in almost any direction. Such is the situation that befell the subprime mortgage arena as it reeled from a cascading series of events than impacted global markets. So great were the ramifications that the situation still threatens the U.S. economy. Fears of a recession have been forecast as a possible outcome of the downturn this situation contributed to. The discussion of what transpired in the United States is integral to understanding the wave of events that represent the focus of this study. There are those who believe that the foundation for the crisis was laid in good economic principles, and it was the greed of some operators in the U.S. financial sector that abused the directive with what is termed as predatory lending practices[3]. There are others who fault funds and banking systems for helping to fuel the underpinnings that lead to the crisis, and still others who think that such market shake outs are the way in which the international financial sector finds ways to deal with loose bolts within th e system[4]. Alexander et al (2002) tell us that[5]: â€Å"Finding that some loans are more risky than others does not, by itself, imply a market inefficiency. Inefficiency exists only if loans with different risk receive similar interest rates. We document such an inefficiency†. The ramifications of the tightly wound international financial system is that while it provides opportunities to make money, it also magnifies the downsides and loses money. Gains always have their negatives, thus financial mishaps have and will continue to happen. In understanding the subprime financial crisis, a broad number of topic areas will be covered herein to draw a picture of the matter in which financial markets work in this instance. One key aspect of the foregoing is liquidity. McGee[6] tells us â€Å"The essence of a liquidity crisis is a flight from riskier assets to cash†. In understanding the many contributing factors, one has to be mindful that this situation originated in the United States, thus there are other considerations that also factor into the equation. Financial crises situations are nothing new; they are market occurrences that appear on an all too frequent basis. Chi and Gai[7] provide a perspective on this: â€Å"The spate of financial crises in emerging market economies as diverse as Brazil, Korea, Mexico, Russia, and Turkey, during the 1990s has focused attention on the importance of improving the policy framework for the management and prevention of crises. A distinctive feature of these modern crises has been the role of imbalances in the national balance sheet. Maturity, currency, and capital structure mismatches meant that the capital account took centre-stage, with large external financing gaps emerging as a result of unparalleled reversals of capital flows. Foreign investors wanted, and attempted, to withdraw from these countries at the same time, much like a run by depositors on a bank. Once sentiment soured sufficiently so that a critical mass of investors rushed to withdraw their claims, the crises became self-fulfilling as others found it rational to join the herd.†The preceding situation represents a different financial crisis, however it does provide us with some valuable insights that will guide us through the varied aspects that will be discussed herein. The important part of their statement is the fact that risk represents an underpinning in financial transactions, thus risk is a situation to be minimised. A sense of the complexity of this examination is provided by Langley[8] who states: â€Å"Any attempt to apprehend contemporary world finance encounters not only significant structural changes that cannot easily be captured, but also the predominance of neo-liberal political economy in framing our knowledge of world finance. Alternatives to the neo-liberal mode of knowledge of world finance are a necessary first step towards forestalling the worst eventualities of the current structural transformation. Neo-Liberalism represents a facet of this examination in that[9]: â€Å"The most powerful coalitions between state agents and economic actors are found in liberal political economies. The Soviet Union offered an alternative to capitalism that theoretically emphasized economic justice and material welfare, one that intertwined economic and political power even more closely together than elites are thought to be in liberal capitalist states. Even so, the power of the economic agents of the Soviet state was more structurally constrained than the power of capitalist states and their agents. In a global economy, the underpinning foundation is capital, and the movement of that capital to effect borrowing and lending, along with the financial instruments that accompany such action[10]. Capital movements have cycles that are marked by up turns and down turns based upon the activities within markets and the decision of the cogs (individuals) that run the machinery. The foundation, influence, reasons and reasoning behind those decisions represent paths that lead in differing directions which impact other course of actions that create cycles. This study shall follow these paths as they related to the subprime crisis. 2.0 Background As indicated, the financial crisis under examination originated in the United States, starting as far back as 2002. The ramifications of that event shall be covered in the Literature Review of this examination. In setting up the path of understanding for the journey through the twists and turns of the crisis, a foundational pillar of understanding is necessary in order to see the varied ramifications. Carrada-Bravo[11] advises â€Å"the process of creating value starts with the identification of a market need.†Today’s international financial system is an outgrowth of[12]: â€Å"The collapse of the Bretton Woods system of fixed exchange rates in the early 1970s marked the last major turning point in the evolution of global finance, ushering in the generalised non-system of exchange rate arrangements that survives today. However, at least as important in the development of international financial relations since then has been the enormous growth in the volume of international capital flows. In large part, this growth is attributable to the dismantling of the panoply of exchange controls introduced during the Bretton Woods era to facilitate exchange rate management by central banks under the auspices of the International Monetary Fund.†In understanding the dynamics of the circumstances that comprise the comparison of events in London and Almaty, Makin[13] provides us with an important capsulisation of the underpinnings that will be brought out herein: â€Å"The domestic financial markets of many economies have therefore been increasingly internationalised in the wake of liberalising policy initiatives implemented by governments around the world. Financial market liberalisation in many advanced economies was virtually complete by the late 1980s. With the removal of previously stringent regulations over domestic and international financial transactions, institutional barriers impeding the movement of financial capital between many regions of the world have now largely disappeared. Accompanying the domestic deregulatory changes were tighter prudential arrangements in advanced economies aimed at strengthening the capitalisation of banks and hence the stability of domestic financial systems. Such accompanying arrangements have been lacking in many emerging economies however and this has been a fundamental reason for recurrent financial crises in these economies†¦Ã¢â‚¬ The highly integrated nature of international financial markets as a result of globalisation has integrated national economies to the point that the world is virtually a seamless flow of capital. The foregoing, combined with the international liberalisation of world financial markets that arose out of Bretton Woods facilitated a dramatic increase in financial movements across borders that has been aided by advances in technology that have reduced transaction time, and lowering costs[14]. The increased efficiency of the preceding has helped to increase the pool of funds available for lending activities to all nations. Capital mobility is the underpinning for the preceding as fund availabilities can be quickly correlated. These advances have brought with them inherent problems, one of which is an important facet of the manner in which the subprime crisis impacted Almaty more than it did London. The following provides insight into an area that is an important point of understanding to b e remembered[15].: â€Å"International money market activity of this order and the lightning speed at which funds can now quit countries has also prompted many commentators to question its worth and, in light of heightened vulnerability to foreign investor sentiment, to emphasise its perceived dangers. In particular, strong objections to the ever-increasing trend of financial globalisation have been raised on the grounds that the governments of the economies most affected have ceded their economic sovereignty to international investors.†Thus, the actions of individuals within a market can start a feeding frenzy based upon the promise of available opportunities that seem to be available in the future to entice bankers into lending policies that incur the preceding. This is exactly what occurred in Almaty, as shall be explained in the Analysis. Given the aforementioned complexities involved in a discussion of this crisis. This background is being utilised to inject core issues that will be useful in understanding the circumstances and other areas to be explored. In finance, risk equates into a higher rate of return as fewer opportunities for borrowing are present. This has been a fundamental principle of lending since antiquity. High current account deficits along with rising foreign debt, means more risk, thus interest premiums must be charged. This makes the cost of money higher inside a country and acts as an inhibitor to borrowing. The preceding translates into the creditability of the borrower and the circumstances involved. Desai and Said[16] help us in understanding the relationships involved in international finance in term of how they apply to the countries in which London and Almaty are located in, which impacts the events that occurred: â€Å"Financial crises, from the perspective of territorial order, arise because of a loss of control by sovereign states over financial markets and financial flows. The problem is invariably seen as one of inadequate regulation, the failure of governments either individually, or in concert with others, to exert sufficient control over the international economy. Economic agents have created patterns of activity which have escaped the control of governments. The response to these problems is to find ways of restoring the control of each sovereign state over these activities by increasing regulation. This may involve enforcing existing powers, or creating new institutions, either intergovernmental or national in their scope.â€Å" In times of crisis, increased financial regulation is imposed either internally by the sovereign state, or externally by lending controls that make the cost of money more expressive, and thereby limits its use. This represents what Desai and Said[17] tell us is â€Å"cosmopolitan order†in global finance that:  ·Ã¢â‚¬ ¦ emphasises not state sovereignty but either market sovereignty or the sovereignty of capital accumulation. There are many different variants of the cosmopolitan conception of world order including neo-liberal, Marxist and Austrian strands but what all of them share is the assumption that the state and politics are subordinate to the way in which the economy is organised, whether this is the spontaneous market order of Hayek or the system of production relations of Marx. These structures determine how the society as a whole evolves and they supply its ordering principles. This means that states have to operate within fairly tight constraints, imposed by the way in which markets and accumulation work. They do not have much discretion in determining their responses. The growth of a global system of production and exchange, from the very first, tended to run ahead of states and national jurisdictions. It ended up undermining and circumscribing them. It has not destroyed them, but it has created powers, resources, networks and institutions which go far beyond them and which it is impossible for states to control without destroying the conditions for economic growth and prosperity and with them the fiscal basis for their own existence. World order is cosmopolitan rather than national in this sense. It is based not on states and intergovernmental co-operation, but on the logic of markets and capital accumulation.†The preceding is another important central aspect that is a part of this study, in that it applies to Almaty, and how the subprime meltdown ripple effect was handled to bring about a correction in Kazakhstan. 3.0 Methodology The approach to this study utilised a number of techniques to approach the examination of how the United States subprime mortgage crisis impacted Almaty and London. The complexity of the situation entailed looking at economic, statistical, historical, pre and post market factors, and other elements to equate the forces acting upon various markets in order to glean a picture of the what transpired. The following will set forth the various techniques used. 3.1 Research Philosophy and Approach Qualitative and quantitative research was used in this study as the combination of these two approaches led to a more comprehensive understanding of the forces acting upon the situation. The foregoing aided in equating key aspects of the study as represented by occurrences that transpired in the market, along with historical components. Secondary research that entailed books, journals, magazines and the Internet were used as the study entailed gathering past data and contemporary information in order to compile a picture of the situation and aspects associated with this investigation. As the range of the examination took in a broad array of financial, market components, it must be understood that in researching data it might have been possible that some information was either overlooked and or not available. The volumes of data on the study also rendered the possibility that some more important sources of information where not found that could have potential altered the findings, ana lysis, conclusions and or recommendations reached. In order to guard against such possibilities a number of differing sources were reviewed in order to form a more balanced assessment of the information. 3.2 Research Strategy One of the research methods utilised in this study represented what is termed as a cross-sectional study. The foregoing represents a method entailing observation of a number of items during the same point of time[18]. The preceding was utilised as opposed to a longitudinal study as the later represents observations occurring over a long period of time[19]. In conducting this study utilising the cross-section method, the foregoing entailed explorative, as well as descriptive and explanatory facets as it delved into the nuances of the industry, seeking to describe the contextual factors, along with the explanation of strategies, and tactics. The vast views of approach, and thought contained in understanding this study takes in a broad range of secondary research as this method provides exposure to a balanced view that is not skewed by what can occur in primary research. Secondary research allows us to be in touch with many different points of view, however, it can not always be relied upon as the researcher may have sourced the wrong materials in making the analysis, and or missed certain key points that were either not available, or unknown at the time the study was conducted. Secondary research represents the gathering of information from books, journals, articles, other research sources, and case examples. Secondary research represents a means to collect information regarding techniques and procedures, as well as strategies, rationales and the reasons behind courses of action, and or circumstances. Within this study, the literature search represented the main sources of information. It, the literature search, consisted of an examination of existing material, searching for information pertinent to the project. The means via which to approach the study of a project can take on many forms. Inductive and deductive research represent two techniques that can be brought together to understand the views of differing approaches to the area under examination[20]. The combining of research methodologies has been advised as a means to improve the quality of an examination, and it is possible to bring these different approaches to bear on one study, whereby there are advantages in so doing. Table 1– Comparison of Inductive and Deductive Research[21] Saunders’ (2006, p. 121) advises that the path of deductive research often is faster in terms of completion, as the data collection is usually based on what he terms as â€Å"†¦ one take†. Inductive research however, states Saunders (2006, p. 121) â€Å"†¦ can be much more protracted †¦Ã¢â‚¬ in that frequently the ideas are â€Å"†¦ based on a much longer period of data collection and analysis †all of which has to emerge gradually. 3.4 Research Questions In order to equate the answer or answers to the query entailing how the financial crisis impacted the real estate sectors in London and Almaty, the research questions entailed looking into an understanding of how economies work on a national as well as international level, along with financial market operation on a national and international level. 4.0 Literature Review Allen[22] in his book â€Å"Financial Crisis and Recession in the Global Economy†tells us of the fact that the â€Å"†¦rapid expansion and globalisation of financial markets shadows most other recent developments in international economics†. The foregoing is a critical component in the understanding of the recent U.S. sub prime mortgage crisis and its impact on global markets. Allen[23] advises that during the past twenty years, the international financial sector has changed and advanced in dramatic fashion, earmarked by the introduction and success of an entirely new currency, and change in the underpinnings of financial cohesiveness that impacts the countries of the European Union as well as the rest of the world. The Euro is the singular most noteworthy development in the rapid expansion of international finance that is marked by a host of important occurrences. He explains that new financial instrument such as derivatives, offshore banking, offshore financial markets, along with numerous other developments are at work in a global financial system that binds itself closer and closer by degrees each day Allen[24]. In his book, Allen[25] explains that the advances in information technology has directly impacted the growth and interlinkages in international finance as he states: â€Å"A financial transaction can loosely be defined as any business arrangement where money changes hands but the only other thing that changes hands is documentation. Both money and documentation are moved by information technologies; therefore financial market activity is enhanced by advances in those technologies. Expanding use and performance of electronic and regular mail service, telephones, computers, fax machines, image processing devices, communication satellites, fibre optics, the World Wide Web and so on creates better opportunities in finance†In illustrating the foregoing, Allen[26] explains that in the early 1980s financial transactions were communicated across telephone lines, via facsimile machines, and satellite transmissions that were â€Å"†¦collectively owned and operated by national governments through Intelsat in proportion to national use†. In his book, Allen[27] advises that developments in the speed of transmission of the facsimile machine during the 1980s corresponded to increases in international financial transactions. In the early 1980s a single page transmission took six minutes, by the end of the 1980s that time frame was down to three seconds. Increased speed in transmission times helped to facilitate international financial transactions, thus bringing global financial instructions closer together in terms of their ability to conduct business in a more timely manner. In today’s world, international financial transactions take place over T1 networks employing packet-switching networks that can communicate with any bank, anywhere almost in real time, as volumes of data and documents can be transmitted in seconds[28]. The significance of the advance of technology is further explained by Allen, as he stated[29]: â€Å"Changes in communications have always affected the structure of finance, but these developments of the last few decades are responsible for the truly global nature of todays financial markets. As participants use these new technologies and networks, linkages are formed between various national and international sub-economy financial markets. New international opportunities have occurred for centuries, but only recently has interdependence become so pervasive to merit the word global†The rapid developments of information technology and its impact on global monetary movements brought capitalist economies closer together and rendered the opposing state planned economy as a dinosaur, thus, along with a long list of other important development, helped to lead to the collapse of communism as an alternative economic system[30]. The developments in information sharing systems, transmission, interbank transactions, international currency and stock trading underpins what is termed as the global economy that transcends the century’s old manifestation of borders. DeMartino[31] helps us to better understand the preceding by explaining: â€Å"†¦emerging today is not just the latest experiment in economic organization, it is, indeed, the highest possible form of economy. Global neoliberalism, the extension of market-based economic integration across all local, regional and national borders, will provide humankind with the optimal means to achieve prosperity from now until eternity. With the perfection of the global capitalist market economyâ€â€and the consequent eradication of communism socialism and all forms of state planningâ€â€economic history as the contest among alternative forms of economic systems †¦ come(s) to an end.†DeMartino’s[32] statement concerning neoliberalism represents an important concept within the context of this examination, thus it shall be explored briefly, to add illumination as to its meaning. Martinez and Garcia[33] help us to understand the foregoing by stating: â€Å"Neo-liberalism is a set of economic policies that have become widespread during the last 25 years or so. Although the word is rarely heard in the United States, you can clearly see the effects of neo-liberalism here as the rich grow richer and the poor grow poorer. Around the world, neo-liberalism has been imposed by powerful financial institutions like the International Monetary Fund (IMF), the World Bank and the Inter- American Development Bank.the capitalist crisis over the last 25 years, with its shrinking profit rates, inspired the corporate elite to revive economic liberalism. Thats what makes it neo or new.†The concept of neoliberalism comes into play in terms of the ramifications of the recent U.S. subprime crisis. The following, represent market undercurrents that help to explain the underlying as well as overt facets involved that were linked factors that impacted the economy of Kazakhstan, along with the banking and financial market fallout from the subprime crisis. Per Martinez and Garcia[34] neoliberalim’s key points represent: Rule of the Market: This aspect of neoliberalism represents the freeing of private enterprise from bonds that are imposed by the state, irrespective of the impact such causes in terms of social change. The preceding entails developing internal mechanisms and policies that foster an increased openness to international investment as well as trade. In addition, price controls are removed, along with freedom of capital movement, services and goods. Deregulation: This aspect calls for the reduction of state regulation of all areas that would have an impact on reducing profits. Privatisation State owned enterprises are divested, representing banking institutions, utilities, hospitals, important industries, education system and allied areas. Unfortunately, in most instances privatisation has had the effect of putting a concentration of wealth in a few hands when systems are dismantled, as has been the case in Kazakhstan as well as other former Soviet bloc states, resulting in higher prices for goods and services. Elimination of the Concept of the Public Good or Community This represents replacement of the foregoing with what is termed as individual responsibility. This is exampled by pressuring the poorer segments of society to find their own solutions for lack of health care, employment and education, and then finding fault when they do not solve these and or similar problems Martinez and Garcia[35] further explain neoliberalim, by advising that it represents a policy reform that has been imposed by the World Bank and other g
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