Sunday, October 6, 2019
Government Essay Example | Topics and Well Written Essays - 750 words - 6
Government - Essay Example 2012 Republican Party of Texas (2012), Republican Party mission is to promote conservative philosophy of government by promoting conservative principles and providing the infrastructure through which the people sharing conservative values participate in the political system (3-5). On the other hand, Texas Democrats believe in democratic government that serves all the citizens indiscriminately. Considering the issues of protecting life, the Republicans believe that human life begins from fertilization to natural death while Democratic party believe that the product of joined egg and sperm has no independent status or rights. Republican Party of Texas also supports the legal marriage and moral commitment between a natural man and a natural woman unlike the Democratic Party that is opposed to other attempts to deny the freedom of same sex marriage (Sevilla Web). Additionally, Republicans consider that America is a nation under God and founded on Judeo-Christian principle but the Democrats recognize that no Texan should not be forced to live under religious doctrines to which they do not subscribe. Moreover, by looking at the school choice, the Republicans encourage maximum freedom of choice in public, private, or parochial education while Democrats oppose private school vouchers in all forms and strengthen state oversight of homeschools (ââ¬Å"2012 Texas Democratic Partyâ⬠3-6). Republicans also oppose sex education other than abstinence until marriage while Democrats support effective, comprehensive age appropriate sex education program. Regarding health care, Republicans urge the passage of a reform that results in a more affordable healthcare including tort reform and urges immediate appeal of the ââ¬Å"Obamacareââ¬â¢ while Democrats believe that health care is a right and supports the right of women to acquire contraception. In addition, Parental Rights on Education shows differences in ideologies where the Republicans assert that parents have the right and
Saturday, October 5, 2019
Racial Constructs Essay Example | Topics and Well Written Essays - 1000 words - 1
Racial Constructs - Essay Example y of individuals is the cultural issues and environment as in the article, race concepts in medicine, but all individuals if subjected to the same conditions and environment will think and act the same despite the race. On the contrary, it is true to some extent that according to Jethroââ¬â¢s message with are right as per the movie district nine. Forcibly, Van der Merwe struggles to relocate the aliens who had come in a ship and was settling in a section of South Africa. Since humans could not operate the weapons that the aliens had, the growth of a claw in the place of a hand by van, propelled him to be a central operator of both the Nigerian gangsters and Security Company. The Nigerian gangs were exploiting the aliens by selling them cat foods. However, the above to some extent portrays the evidence of the fact that whites are always right. This is so because everyone was afraid to relocate the aliens and the only torch bearer was a fan, whom manages to maneuver through to become a hero in deals and designs of relocating the aliens who were rejected by the residents. With his racial complexion of white, Van der Merwe seams to be successful, and at this point is when there is approving of the t erm whites are right. Here, the hero tactically finds an idea that the only way to operate the alienââ¬â¢s weapons is by growing a lobster claw in the place of his hand. With the above claws, he manages to be a security company and at the same time, he operates the Nigerian gangster ideas by exploiting the aliens from the cat food being sold to them. All the above was for the efforts of relocating the aliens, though it was not an easy task to relocate them. Having put that across, the fact remains that Van der Merwe used his brains to explore the aliens by not only growing the claws but also incorporating those aliens who proved to be intelligent and those that had human emotions. It is evident according to the movie district nine that the aliens in the movie are of the
Friday, October 4, 2019
Obesity Essay Introduction Essay Example for Free
Obesity Essay Introduction Essay In the process of evolution, a human body has adapted to accumulate a supply of nutrients in the amount of food for expending it in conditions of forced absence or restriction of provision. This kind of evolutionary advantage allowed us to survive in difficult times. In ancient period, fatness was considered as a sign of well-being, prosperity, fertility, and health. An example is the sculpture of Venus of Willendorf, dated 22nd millennium BC. E. A careful attitude to own weight is a trend of the present time. The lifestyle of a modern person is often far from what doctors and elementary common sense recommend. Constant stress and inability to have a good rest lead to one of the simplest and cheapest ways to relax like absorption of high-calorie food. As a result, a wide-scale disease in megacities becomes obesity, but it can be prevented by conducting regular laboratory diagnostics. Obesity is a widespread illness, characterized by excessive development of adipose tissue. The problem frequently occurs with age, when motor activity decreases, and a number of vital body systems fail. The genesis of fatness is mostly caused by a violation of the balance between energy intake and its expenditure of the body. Excess calories, i.e. not consumed by an organism, are converted to grease, which accumulates in fat stores. We are talking about subcutaneous tissue, epiploon, abdominal wall, internal organs, etc. An increase in fat stores leads to addition in body weight and disruption of many systems. The basis of an appearance of primary obesity is an alimentary factor associated with an enhanced energy value of the diet at low energy costs. The mentioned type develops as an output of the predominance in a menu of carbohydrates and animal grease or disruption of dietary patterns, which often carries a family predisposition. Calories contained in fats contribute more to weight gain than those involved in proteins and carbohydrates. Hypodinamy significantly reduces an ability of muscles to oxidize grease. Secondary fatness accompanies such hereditary syndromes as Babinsky-Frohlichs disease, Gelino syndrome, Lawrence-Myan-Barde-Biddle syndrome, etc. Symptomatic obesity may also happen against a background of various cerebral lesions. Similar changes in eating behavior occur as a result of the violation of a hypothalamic-pituitary regulation, which is responsible for controlling behavioral responses. Their genesis is also facilitated by a number of factors, such as a low-activity lifestyle, genetically caused disorders of enzyme activity, errors in nature or dietary, some endocrine pathologies, stress, lack of sleep, and the use of psychotropic or hormonal drugs. Obesityââ¬â¢s presence within a certain patient entails the need for a number of laboratory tests necessary for finding out the reasons and an appointment of adequate therapy. Analyzes allow you to assess liver function, parameters of fat and carbohydrate metabolism, a state of the reproductive system, the functioning of the thyroid gland. Thus, every person suffering from fatness could have own motivation for weight loss: cosmetic effect, reducing the risk to health, improving efficiency, a desire to wear smaller clothes or a wish to look good. However, goals and its rates should be real and directed, first of all, to reduce dangers of obesity-related complications. With hereditary predisposition, at the age of 40 years, in conditions of hypodinamy, it needs to limit consumption of carbohydrates, fats, transit to the diet of protein and plant foods. For the prevention of obesity, a person with a normal weight is enough to spend calories and energy as much as he or she gets them during the day.
Thursday, October 3, 2019
Merger And Acquisitions Of Multinational Enterprises Economics Essay
Merger And Acquisitions Of Multinational Enterprises Economics Essay Growing through MA is one of the main ways in which MNEs seek to expand globally. Often, however, expectations outrun reality and the difficulties of merging two companies are underestimated. Examine a cross-border takeover or MA of your two cases choices discussing the balance between the benefits it has generated and difficulties that had to be overcome. Introduction: Globalisation has influenced by major changes in the business world over the past decade. Companies have been searching for competitive advantage in a worldwide scale. Companies are forced to follow their customers- who are going global- as they respond to the competition that is worldwide in scale. Globalisation in combination with other trends such as deregulation, privatisation and corporate restructuring has spurred an unprecedented surge in cross-border merger and acquisition activity. The recent figures in business clearly indicate that cross border mergers and acquisitions have become a fundamental characteristic of the global business landscape. Within the globalisation context, that has opened up a new world of corporate opportunities, accompanied by increasing risks and challenges, rapid changes and volatility, M and A has been an accelerating phenomenon- a business mantra- for companies driven by the urge to survive, evolve and grow. But the big question is whether these business mergers and acquisitions are pulling off as well as expected or intended, through the realizations of goals, there by achieving projected/desired levels of synergy. Background of the study: The mere process of M and A cannot guarantee success. It is only a facilitator and post merger operating performances depend largely on how well post merger opportunities are capitalized and resources are utilized. In the early 90s there was a significant awakening in this sector to become more competitive and exploit opportunities on a global playing field through M and As and other strategic alliances. As a result of the liberalization measures that lessened governmental control, regulations and trade restrictions, there has been a spurt of M and A activity in the recent past a manifestation of the corporate response to the greater freedom to modernize , expand and diversify. A liberal economic policy provided the stimulus and favorable atmosphere for companies to upgrade their technological and production capabilities (economies of scale)and improve their cost effectiveness and competency by merging with related or subsidiary units. During this period, M and As were also a significant method of foreign investment. The services sector, mainly the financial (including the banking sector) and communications services, leads this trend, with the chemical industry being the leader in the manufact uring sector. M and As are poised to rapidly increase in the near future as they provide acquiring companies the cutting edge amidst global competition. Beena (2004) says that the new industrial policy also brought about a shift in corporate strategies, in terms of share holding patterns, adoption of product differentiation, etc. Studies by Khanna (1998) show that, as a consequence of withdrawing all monopoly restraints in acquisitions, several markets have become oligopolistic and reduced competition. Many of these Mergers and Acquisitions involved companies of the same business groups, aimed at increasing control levels to safeguard against possibilities of takeover. Merger and Acquisition trends and patterns can be theoretically linked to studies of market power and reactions, access to markets or technologies, managerial ego etc(Cantwell and Santangelo,2002) There are many theories on mergers and acquisitions emerging from the studies of international business, industrial organization and financial economics, that include the category on synergy which assumes that the merger creates a total value that is greater than the sum of the values of individual firms where as the hubris theory proposes that value resulting from the merger is zero. Economic theory provides two contrasting perspectives regarding the efficiency and performance of mergers and acquisitions as corporate restructuring strategies- The value maximizing theory which proposes that corporate mergers as value -enhancing activities where managers work for shareholders wealth maximization goal of the firm(Franks and Hariss,1989) second is the managerial theory which proposes merger activities as an extension of managers own personal interests and wealth maximization prestige of managing a bigger post-merger business entity(Roll,1986) and as a platform of corporate control where managerial teams compete for the rights to manage resources(Jensen and Ruback,1983). Drivers and motives of M and As are to gain market power, reducing new product development risks, gaining access to innovative capabilities, maximizing efficiency and reshaping competitive scope.(Hitt et al.,2007) Other reasons include overcoming finance issues, that firms face due to information asymmetry (Fluck and Lynch,1999) Kumar(2009) argues that the post-merger profitability, solvency and assets turnover of acquiring companies show no improvement when compared with pre-merger figures, and hence mergers do not usually lead to improvement in the financial performance of the acquirer. The results of his study show that mergers are not aimed at maximizing wealth of owners and suggest that managers should focus on post-merger integration issues to generate synergy rather than achieving bigger corporate size, in the pursuit of hidden agendas. Beena(2004) emphasizes that one of the main objectives of M and A is to increase equity, which could be further leveraged to borrow resources for modernization and up gradation. According to Vardhana (2001) the population of all firms, in a finite sample, would change since there would be new entry through merger of an established firm with an incumbent and likewise, the merger of an incumbent would lead to its exit from the industry. This firm restructuring, a process taking place primarily through mergers, makes it difficult to choose a sample of firms that can be analysed with long-run data to isolate the effect of a merger. Therefore the short-run data for a merging firm would be more appropriate, which at the same time is long enough for pre- and post-merger period, so as to capture the merger effects. One bottleneck in assessing post merger performance is that the target company ceases to exist. Hence, for a more accurate measure of the merger effect, some post merger performance studies have isolated it by adopting the model that compares performance of the merged entity with that of control groups consisting of acquirer and target before merger and matching sample of units that did not involve in merger but have similar size and belong to the same industry. Also, to isolate the impacts of mergers and acquisitions which are influenced by several factors existing that are dynamic, a better model would have been the regression to norm frame work developed by Mueller (1986), by which analysis of regression of profits and regression of persistence of profits to norm can be carried out comparing to the industry standard as well or the control group. This would help to capture the impacts of M and As, with respect to size, pre-deal profitability, size, competition etc. Other variables like Market power/Market share, Inventory turnover, export intensity, capacity utilization, price -cost margin; etc could also have been included in the study. Kumar(2009) argues that the post-merger profitability, solvency and assets turnover of acquiring companies show no improvement when compared with pre-merger figures, and hence mergers do not usually lead to improvement in the financial performance of the acquirer. Overall, my opinion is that the authors have been rather vague in their conclusion and failed to establish convincingly that mergers and acquisitions have any significant positive impact on corporate performance, to a large extent because of the sample limitations as well as the limitations of financial data and their interpretations. But the research paper contributes to the understanding of M and As in India and their relative performances, although in a limited way. It also emphasizes that synergy can be generated in the long run; by optimizing resources and that the success of M and A deals depend on proper deal valuation, futuristic planning and effective management. Research similar to the one being reviewed has been conducted on mergers and that occurred almost in the same time frame, during the post liberalization period in India. But the results do not corroborate with each other. The term merger has been broadly used beyond its technical implications, to discuss the merging between the acquirer and the target in some acquisition cases too. However I have noticed that the samples of firms or cases of mergers taken for most of these researches were quite different as there were very few companies that were common to all the samples (of studies conducted by different researchers on the topic), within almost the same time frame. This disparity would inevitably yield different results, that cannot be co-measured and only a trend relating to the respective samples or cases can be analysed. The possibility of self-selection bias arising cannot be ruled out, because of the selection of samples comprising survivor firms that are existing during the p re-merger and post merger period under study. Also as pointed out earlier, results obtained using the operating performance approach, can be influenced by the limitations of financial measures to capture the impacts of mergers and acquisitions as a whole , as well as the intrinsic limitations of the financial ratios themselves. Some of these ratios do not have a benchmark to fit all industries, capturing only quantitative factors and not the qualitative factors. Also these ratios might vary and have varying significance across different industry types. This would give a limited perspective of the impacts of mergers and acquisitions. The more number of parameters used, the better the perspective and the conclusion. However this brings up the issue of comparability and co-measurability between results of researches on this topic, unless all studies use the same parameters. Falkner and Pitkethly (2001) say that there is an increasingly positive approach to mergers and acquisitions than before. Earlier MA was seen as a false activity but now they are welcomed by the government as well. Cosh and Hughes (1996) are skeptical about the merger activities and talks about the need for governments regulations over the merger and acquisitions in the light of U.K. economy. They argue that everything should come under legal scrutiny. Kang and Johanson(2001) talks about the role of globalization in promoting mergers and acquisitions and how mergers and acquisitions help companies to survive in the competitive environment. They see merger and acquisition as a positive business tactic in the competitive world. Ahmed and Glaister(2008) have done an extensive research on the topic and have pointed out the recent trends in CBMA in the U.K. They have identified the various driving forces behind the cross border merger and acquisitions in the companies in UK. Benefits: The driving forces underlying the trend of CBMAs are complex and vary by sector. One of the most significant driving forces is technological change. In addition, changes to government policies influence CBMAs by opening up opportunities and increasing the availability of favourable targets for mergers and acquisitions (MAs). Other forces are market drivers, industry-level drivers and firm-level drivers. The scale of CBMAs involving UK companies has increased rapidly in recent years. The area analysis shows that European Union (EU) companies are the most significant target for UK companies followed by the USA and Canada. In terms of distribution within sectors, UK companies tend to acquire more manufacturing companies in the EU, the USA and Canada than in the Asia-Pacific region. In contrast, UK companies tend to acquire more service sector companies in the Asia-Pacific region than in the EU, the USA and Canada. Example: On January 30, 2007, Tata Steel, part of Indias Tata Group, has purchased 100% stake in the Corus Group at 608 p. per share. Acquisition Type : Indian Company acquiring a foreign company. Tatas overtake the Mukesh Ambani- Reliance Group to become Indias largest business house by this takeover. Tatas, who have staked their century old reputation, will certainly leave no stone unturned in making this acquisition a success. Benefits: Triples Tata Steels capacity to almost 28m tonnes from 8.7 million. Gives it access to high- value European market. Corus has highly developed RD capabilities. Dangers: Tatas have paid a heavy price. It now needs to service a very large debt burden Integration can be a problem in such acquisitions because of both distance and culture Challenges ached: Financials will hinge on the future and the behavior of the steel prices Muthuraman is confident about more consumption from India and China over the next 50 years Labor is another issue as British Union, which represents 80% of UK based workers, warned against trimming down the labor force Post merger integration of human resources would be a Herculean task as acquisition of this scale in a developed country by an Indian company has not been seen before Cultural integration is another issue- retaining key talent and imbibing confidence in the workforce The merger may take 5-6 years to realize its full potentials. But these will certainly a trend-setter as to what will happen, not just in the Indian steel industry, but across all sectors. Discussion: The evidence can be found from many sources like journals and articles that point out the recent trends in Cross border merger and acquisitions. A sneak peek into the business world also reveals the relevance and importance of CBMA s in the new global economy. There are many examples that can be analysed to show the recent trends in CBMA s. An in depth study into the recent trends in CBMA reveal that presently, companies in UK are in the forefront of CBMA s both in the case of value of Mergers and Acquisitions and the numbers. CBMA s occurred between manufacturing companies in the US and EU, while in the Asia pacific region, the service sector companies merged with the UK companies. These are all evidences for recent trends in cross border merger and acquisitions. Conclusion: Companies are expanding beyond their domestic markets to be a part of the global market place. In doing so, companies can choose to export, establish new operations or acquire existing companies. CBMAs are now a common activity among the companies. UK companies are in the forefront of CBMA s in both the numbers of MA s and their values. Between 1996 and 2005, UK companies acquired 7,026 foreign companies. In terms of value, UK companies acquired à £520 billion worth of foreign companies over the period. The area wise analysis reveals that EU companies are the most significant target for UK companies followed by the USA and Canada while Asia pacific region also showing an increase in CBMAs. In terms of sector distribution, UK companies tend to acquire more manufacturing companies in EU, USA and Canada and more service sector companies in the Asia pacific region. High technology and Industrials are the most active industrial sector groupings in the EU, USA and Canada while financial s ector was the most active industrial sector in the Asia-pacific region. In short, we can say that while UK companies acquired EU and USA technology over the last decade, financial services were also acquired by UK companies in the Asia pacific region. The driving forces behind CBMAs can be grouped into factors at the macro-economic, market, industry and firm-level as well as technological and government-related factors. Technological change acts both as a pull and push factor; it promotes international expansion by reducing communication and transport costs; it creates new business and markets by rapidly changing market conditions or by increasing the costs of RD. The speed of technological development along with the technical competence and market knowledge, flexibility and ability to innovate are increasingly promoting the CBMAs. Companies are searching for partners from whom these tangible assets can be obtained. Government policies including liberalization, privatization and regulatory reforms influence CBMA s by opening up opportunities and increasing the availability of favourable MA targets. Economic fluctuations like recession or boom can also affect the level of global MA activity and its regional focus. Growth prospects, market structure and competition in the market promote CBMA. Slow growth, over-capacity and increased competition in global markets typically drive industrial restructuring and often make MAs preferable to Greenfield investments. This report tried to analyze the recent trends in CBMAs in U.K. To conclude, it can be said that CBMAs by UK companies are increasing by time and more and more companies are becoming aware of the benefits of CBMA. There is a need for a well planned strategy among these companies and that can lead to cost effective CBMA s leading to the benefit of the economy.
Wednesday, October 2, 2019
Teacher Unions Effects Upon Education. Essay -- Education, Teachers T
When originally created, teacher unions were a noble cause meant to prevent teachers from being taken advantage of. Fight from the beginning, teachers unions and schools have been in conflict over several issues. Now though, as a result schoolsââ¬â¢ eagerness to cut costs, along with the unionââ¬â¢s unwillingness to allow teachers to be fired, the student is becoming collateral damage. This conflict that exists between the teachers unions and school administration must be resolved through mediation, focus on students, and stronger laws to prevent teachers suing districts. At one point, America had schools that it was proud of. There are many areas where teachers and school unions will likely never see eye to eye; the school districts place the student as their primary concern, and the teachers unions place the teachers as their primary concern. Just as Joel Klein once said, ââ¬Å"You can never appreciate how irrational the system is until youââ¬â¢ve lived it.â⬠(Q td. in Brill, 30 ). Michelle Rhee, former chancellor of the Washington D.C. schools said ââ¬Å"tenure is the holy grail of teachers unionsâ⬠(Qtd. In Dillon, 1); teacher unions treat tenure as one of their most prized possessions because it is, tenure is and always will be vitally important towards the goal of the union. The tenure system offers teachers, who have been teachers for longer times (typically 2-3 years), the assurance that they will not unjustly lose their jobs. Why then, does the tenure system protect these teachers? The simple answer is that the tenure system protects the majority of teachers, and that is what the union wants. The tenure system is outdated; Michelle Rhee is a former chancellor of public schools in Washington. She made drastic changes to the schooling system... ... protecting these teachers and would not allow the school to rid of them. It appears that when a Union wished for a legal matter to be expedited, they have no problems expediting it, however when the school is in favor of the legal issue, ââ¬Å"it takes between two and five years for cases to be heard by an arbitratorâ⬠¦Ã¢â¬ (Brill, 3). When you consider the thing that teachers are callable of doing with the protection of tenure, it is surprising that the number of fired tenured teachers is so small. Our public schooling system needs to develop a backbone; we need to stand up for what we know must be changed. No longer should teachers enjoy benefits and pensions limited only to the teaching profession. No other occupation offers tenure and benefits, and pensions as does teaching. Thatââ¬â¢s because the other occupations have long since eliminated those as a cost saving measure.
Kurt Vonneguts War Experiences and its Effects on the Barnhouse Effect :: essays papers
Kurt Vonneguts War Experiences and its Effects on the Barnhouse Effect Kurt Vonnegut's War Experiences how it contributes to my understanding of the "Barnhouse Effect" Kurt Vonnegutââ¬â¢s war experiences had a great impact on his life, which greatly contributes to the readers understanding of the "Barnhouse Effect." His war experiences are reflected quite vividly through his writing of the "Barnhouse Effect." This short story reflects "the human horrors during war, and the de-humanization of modern men and women, and the loss of humane values in a society dedicated to technological progress." (Modern Stories, p. 408) The Barnhouse Effect is a name that is created by the press. The press came up with this name from Professor Arthur Barnhouseââ¬â¢s character in the "Barnhouse Effect." They call the professorââ¬â¢s phenomenon the barnhouse effect. Professor Barnhouse, had come up with a different name for his phenomenon. He called it the "Dynamopsychian." "Dynamopsychian means force, and the power of the mind. In the story, the narrator explains, in more detail, how Professor Barnhouse relates his phenomenon to war. "As a weapon, then, Dynamopsychism has an impressive advantage over bacteria and atomic bombs, beyond the fact that it cost nothing to use: it enables the professor to single out critical individuals and objects instead of slaughtering whole populations in the process of maintaining international equilibrium." (p. 410). According to this quotation, Dynamopsychism is a very powerful weapon that only professor Barnhouse had. The professor had thoughts that would flash through his mind before they actually happened. His mind is a powerful weapon, which no one else possessed. In the story, Barnhouse says, "the same thought train had flashed through his mind just before he threw the dice." (p. 411). It was that thought train which aligned the professorââ¬â¢s brain cells into what had become the most powerful weapon on Earth. It began with a simple mental exercise during an army crap game, which soon escalates into a worldwide threat. At least, thatââ¬â¢s what the FBI thinks when they raid the Professorââ¬â¢s office and put him under investigation. Professor Barnhouse is asked to use his new power as the ultimate national defense weapon. War hungry generals, Russian spies and the FBI get into the act as Professor Barnhouse shows what the real power of his mind actually is.
Tuesday, October 1, 2019
How Tesco and Oxfam businesses are organised Essay
Tesco Tescoââ¬â¢s Hierarchical structure Tescoââ¬â¢s has a hierarchical organisation structure. Hierarchical structure has several levelââ¬â¢s arranged in a treelike construction with the person with most power at the top and the lowest at the bottom E.G. Managing director at the top all the way to the bottom which is the quality guard manager and financial accountants. Hierarchical structure is mainly used in big companies like Tesco. The disadvantages of the hierarchical structure are that if the financial accountants have a problem it would take its time to get the message to the right person which is the managing director. So making decisions will take long to make as it would take a long time to go up the hierarchical structure to put the idea in place. Mainly the first instructions in a hierarchical structure will have to be the managing director because the person has the most power and be able to control the company and it will make its way down to the bottom. Oxfam Oxfam hierarchical structure Oxfam organisation structure is flatter than Tesco as there arenââ¬â¢t much of people working and organising the company. Oxfam organisational structure is geographical as they work around the world in and with alot of countries helping the less fortunate. The charity is controlled/run by a chairwoman who is in charge of a number of trustees who makes the main decisions in the company, So Oxfam structure is flat and it doesnââ¬â¢t take long. Whereas Tesco has to makes its way up in the hierarchy structure. Oxfam tries to keep the number of managers down and have more volunteers up. This is because Oxfam tries to keep the costs down as most of the trustees and volunteers donââ¬â¢t get paid.
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