Tuesday, November 26, 2019
Aristotle vs Machiavelli essays
Aristotle vs Machiavelli essays Aristotle states that leaders should have moral virtues, not just have them but have the highest of it. They must have it in perfection. According to him, moral virtue is what makes them leaders. A leader is everything in a society. Without one, there is no society. Aristotle states that if you do not have a leader you are living a Barbarian life. By definition, a barbarian is a member of a people considered by those of another nation or group to have a primitive civilization. They are considered to be fierce, brutal, or cruel people. They are also considered to be insensitive and uncultured. Then it is only right for that leader to be able to conquer them, the Barbarians through war. Might makes right. Aristotle and Machiavelli agree on the stratification of society. For example; Ruler and subjects, parents and children, husband and wife. Machiavelli agrees on the stratification of society because he likes order in society. Only difference would be, that he would be prince and rule everything. Machiavelli is not all about moral virtue like Aristotle is. To Machiavelli, the prince does not have to have the highest moral virtue, he should appear to have the highest moral virtue. By appear, he is probably more leaning on the religion aspect, so he could appeal to the people. Aristotle believes that virtue is what makes them leaders. Machiavelli disagrees with that. He believes that virtue is a weakness. A leader should know how to do evil because your enemies know how to, and you should always know what your enemies are capable of for your protection. Machiavelli talks against liberality. He states that liberality will lead you to being despised. If you are liberal as a leader, people will try to take advantage. The people would take the kindness as a weakness. If you are giving everything away to all your subjects you become poor. If that were to happen you lose power. Machiavelli is all about power, so that is defin...
Friday, November 22, 2019
Like Serves Nouns and Pronouns, Not Verbs
Like Serves Nouns and Pronouns, Not Verbs ââ¬Å"Likeâ⬠Serves Nouns and Pronouns, Not Verbs ââ¬Å"Likeâ⬠Serves Nouns and Pronouns, Not Verbs By Daniel Scocco Like is associated with various uncouth usages ââ¬Å"They were, like, all over the placeâ⬠; ââ¬Å"I was, like, ââ¬ËReally?ââ¬â¢Ã¢â¬ common in speech but easily avoided (except for comic effect) in writing, but many people are unaware that another widespread usage is considered improper in formal writing. As a preposition meaning ââ¬Å"similar to,â⬠like is associated with nouns (ââ¬Å"She entered the room like an empressâ⬠) and pronouns (ââ¬Å"I donââ¬â¢t know anyone like himâ⬠). However, when the word connects one clause (a segment of a sentence that includes a subject and a verb) to another, it impersonates a conjunction: ââ¬Å"He started dancing like his pants were on fireâ⬠; ââ¬Å"I arranged the furniture like it had appeared before.â⬠Note, though, that this usage, though ubiquitous in conversation and in informal writing, is not considered acceptable in formal writing; like should be replaced, respectively, by ââ¬Å"as ifâ⬠(He started dancing as if his pants were on fireâ⬠) or as: (ââ¬Å"I arranged the furniture as it had appeared beforeâ⬠). Replacing as with ââ¬Å"the wayâ⬠is also acceptable: ââ¬Å"I arranged the furniture the way it had appeared before.â⬠(But beware of hypercorrection; as is erroneous when, with the same intent, it precedes a noun: ââ¬Å"She entered the room as an empressâ⬠means that the subject literally became, rather than merely resembled, royalty. But ââ¬Å"She entered the room as an empress wouldâ⬠is correct, because the emphasis is then on the subjectââ¬â¢s action, not on the type of person the subject is compared to.) In the case of a sentence such as ââ¬Å"Like many first-time visitors do, I stared, dumbstruck, at the vista before me,â⬠either change like to as (ââ¬Å"As many first-time visitors do, I stared, dumbstruck, at the vista before meâ⬠) or delete the verb at the end of the introductory phrase (ââ¬Å"Like many first-time visitors, I stared, dumbstruck, at the vista before meâ⬠). Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the General category, check our popular posts, or choose a related post below:100 Idioms About Numbers50 Idioms About Fruits and VegetablesAppropriate vs. Apropos vs. Apt
Thursday, November 21, 2019
Lab report Finite Elements Analysis of Beam Structural Element Essay
Lab report Finite Elements Analysis of Beam Structural Element - Essay Example The ANSYS Workbench Platform is simulation software used to conduct an analysis or to solve a broad scope of engineering design optimization, computer software development, and mathematical problems. The success of innovative engineering designs can be attributed to the ability to test objects for performance through computer generated applications. The applications allow designers to forecast the success and dependability of a design before it is used in the real world. ANSYS software was created to improve ââ¬Ëspeed, cost effectiveness, and innovationââ¬â¢ (ANSYS, 2013). According to its designers, ANSYS software ââ¬Ëenables organizations to predict with confidence that their products will thrive in the real worldââ¬â¢ (ANSYS, 2013). The ANSYS Workbench platform is the framework for a suite of advanced engineering simulation technology (ANSYS, 2013). The Workbench enables Simulation Driven Product Development with the following components: The objectives for the study include recognizing the scope of Finite Element Applications by creating engineering elements using simulation software. It will also provide experience using the ANSYS platform. A mesh created for Finite Elements possesses a tetrahedral, a pyramid, hexahedra, or a prism. For this study, the hexahedra is used. The mesh for the beam consists of rectangles and triangles. (See attachment) The Bending moment was as expected for the size of the slab. The deflection was also in a normal range. When the beam bends, it loses its original shape and develops internal stress. Compression occurs inside the curve of the beam; and tension occurs on the outer side. In the past, testing the density of materials was much more complicated. Technology has broadened the capabilities for engineers to analyze stress and the composition of materials. CAD applications have provided design concepts for engineers for years. However, the simulations available today such as ANSYS
Tuesday, November 19, 2019
About Someone's Life Essay Example | Topics and Well Written Essays - 2000 words
About Someone's Life - Essay Example 17. How has your nationality influenced your life? Response: It has made me realize importance of peaceful coexistence. 18. Which community do you belong to? Response: Sunnite. 19. How did your community influence your life? Response: Has encouraged me to uphold my religious faith and teachings of Prophet Mohammed. Cultural and social interest. 20. Which cultural activities or social events did you ever take part in? Response: Idul-fitri, 21. When were these events held? Response: Annually. 22. Why were the events organized? Response: To celebrate the month of Ramadhan. 23. What were the rules or regulations regarding the participation in these events? Response: Fasting, praying, giving the needy and washing of feet, hands and head. Only Muslims were involved. 24. What are the cultural believes in your community? Response: Women place is in the kitchen and a man can marry up to four wives at a time 25. How do you feel about these cultural believes? Response: They demean women. 26. Wh at changes have occurred in the recent past regarding your culture? Response: Women are gaining freedom to work. Values. 27. Which values do you posses? Response: Respect for human life, obedience, honesty and trustful 28. Were these values inherited or learnt during your various stages of life? Response: I learnt them as I grew up. 29. How have these values propelled you towards success in life? Response: They help me to interact with others. Religious Influence. 30. Which religion do you belong to? Response: Muslim. 31. What does your religion teach regarding women and work? Response: Women should not do menââ¬â¢s work 32. What does your religion teach on marriage and relationships? Response: Women to be faithful to their husband. 33. How does your religion affect your work and...Mrs. Shakina Suleiman learnt how to be compassionate, loving, social and outspoken as she grew up in a Muslim community and her career as a journalist. My rationale for choosing to discuss her was moti vated by her composure, eloquence and cheerfulness. We had met at a United Nations conference on career talk held in a neighboring school sometimes back in which Mrs. Suleiman was one of the guest speakers. Later after the meeting, I approached her warmly and requested her to share her life occurrences with me. I conducted the interview at Said khan Hotel in Saudi Arabia on 25th of October 2012. The exercise took sixty seven minutes during which the respondent answered all the questions clearly. I cross-examined the interview guide to ensure all important details were provided. TI was able to complete the exercise successfully without interruptions. I also thanked my candidate and wished her the very best in all her endeavors in life. Then I organized the data systematically and explored its substance. I used to derive an inference of how a human background can influence his or her lifestyle.
Sunday, November 17, 2019
Improvement store Case Study Essay Example for Free
Improvement store Case Study Essay Mrs. Debbie Morgan is a 45-year-old female who works as a stocking clerk for a local home improvement store. While she was at work today a large box of metal rivets fell from a 20-ft.-high overhead shelf, striking her outstretched arm and knocking her to the ground. The ambulance personnel reported that she had lost quite a bit of blood at the accident scene and was knocked out when they arrived. To minimize further hemorrhage, the paramedics applied a pressure bandage to her arm. You meet the paramedics as they bring Mrs. Morgan into the emergency room and begin to assess her for injuries. She is awake and alert, but complaining of severe left arm and back pain, plus she has a killer headache. To fully examine her injuries you remove four blood-soaked bandages from her arm. You notice a large open wound on her arm with what appears to be bone tissue sticking out of the skin. She also has bruises covering her left shoulder, left wrist, and lower back. To determine the extent of her injuries Mrs. Morgan undergoes several x-rays, which reveal the following 1) fracture of the left humerus at the proximal diaphysis, 2) depressed fracture of the occipital bone, 3) fracture of the 3rd lumbar vertebral body. Short Answer Questions 1. Define the following terms, used in the case and also in associated questions hemorrhage fracture proximal diaphysis 2. One way bones are classified is by their shape. How would you classify the bones fractured by Mrs. Morgan 3. The body of Mrs. Morgans vertebra is fractured. What type of bone tissue makes up the majority of the vertebral body Describe the structure and function of this type of bone. 4. The diaphysis of Mrs. Morgans humerus is fractured. What type of bone makes up the majority of the diaphysis of long bones like the humerus Describe the layers of bone tissue found here. 6. Within days after a fracture, a soft callus of fibrocartilage forms. What fibers are found in this type of cartilage Identify the cells required for fibrocartilaginous callus formation and list their functions. 7. As a fracture is repaired, new bone is added to the injury site. What term is used to describe the addition of new bone tissue Identify which bone cell is responsible for this process and explain how it occurs. 8. In the final stage of bone repair, some of the osseous tissue must be broken down and removed. What term is used to define the breaking down of osseous tissue Which bone cell would be best suited for this task 9.
Thursday, November 14, 2019
Kurt Donald Cobain Essay -- essays research papers
My favorite artist is Kurt Cobain. He was born February 20, 1967 & died April 5, 1994 at the age of 27. He was the vocalist/guitarist for the famous Grunge Rock band named ââ¬Å"Nirvanaâ⬠. Which was formed in 1986. Nirvana was composed of two other people who were really close friends of Kurt. This was the beginning of Kurtââ¬â¢s prosperous career. But for him that was the beginning of a painful and stressful life Kurtââ¬â¢s education level wasnââ¬â¢t high. He dropped out of High School at the age of 17. Being a senior he only had two more months left to graduate but that was the choice he made. Since he had been playing & composing music since the age of 13. He chose his music career over his education . Since he really didnââ¬â¢t care about his future ,since he already knew that he wasnââ¬â¢t going to ... Kurt Donald Cobain Essay -- essays research papers My favorite artist is Kurt Cobain. He was born February 20, 1967 & died April 5, 1994 at the age of 27. He was the vocalist/guitarist for the famous Grunge Rock band named ââ¬Å"Nirvanaâ⬠. Which was formed in 1986. Nirvana was composed of two other people who were really close friends of Kurt. This was the beginning of Kurtââ¬â¢s prosperous career. But for him that was the beginning of a painful and stressful life Kurtââ¬â¢s education level wasnââ¬â¢t high. He dropped out of High School at the age of 17. Being a senior he only had two more months left to graduate but that was the choice he made. Since he had been playing & composing music since the age of 13. He chose his music career over his education . Since he really didnââ¬â¢t care about his future ,since he already knew that he wasnââ¬â¢t going to ...
Tuesday, November 12, 2019
ââ¬ÅBefore the sunââ¬Â by Charles Mungoshi Essay
This is a simple poem written by the African poetCharles Mungoshi, in which a boy talks about his every day life activity. The boy like all others desperately wants to convince others or even himself that hes a grown up, and so seek to copy the activities that old people do. He wakes up every day before the rising of the sun. The boy explains the nature around him, and how his life is simple or even sometimes tiring (he wakes up very early to work hard, like grownups do). In the first stanza the poet gives us concept of time, which shows us that its dun, a beginning of a new day. Promising early heat and later in the afternoon heavy rain, this phrase shows how heat changes into rain. This explains how things change, nothing stays the same, it also explains how one thing leads to another. The early heat leads to evaporation of water, which condenses to form rain. The warm blue morning, will eventually change to heat and later to heavy rain. The poet uses the word promises before early heating, its like you cant avoid the heat, it will eventually come. The second stanza shows the concept of color, bright chips he says. He explains the strength of the sharp axe, which drives the chips to fly for some distance through the air. The poet draws our attention by writing a one word line arc. This line on my opinion is to assure the strength of the axe. We can tell that the child loves his every day activity by the way he nicely explains the nature around him. Like the chips that disintegrate when he cuts the wood, it settles down in showers on the dewy grass. The poet amazingly draws our attention to all the little details of the nature around him, which can help us easily imagine the niche hes living in. It is big log, but when you are fourteen big logs are what you want. Its strange for a fourteen years old child to want a big log. This can show us again the simple life the child is living. Fourteen year old wants big logs because, its a challenge to them, it shows how strong they are, its like 14 versus big logs. In the forth stanza, the poet shows the benefits of the wood and how it cures from sneezing unlike sawdust. The wood gives out a sweet nose-cleansing odour explains the poet. Again, the poet draws our attention on the fifth stanza to the details of the thin spiral of smoke which he metaphors its raising to the sky with a flute straightened out to the sky, and a single of some sort, or a sacrificial prayer. In both this two stanzas, the poet explains and metaphors the beauty of the wood that he cut down. This happens to a lot of us, people specially children look at whatever thing they accomplished and felt that they worked hard on it, as a beautiful thing, no matter how terrible it is. The poet metaphors the sound he hears when the wood is burned, with the hiss of the snake, and the scatter of the sparks with flying. The poet similes the rising or showing up of the sun, with some latecomer to a feast. This can identify to us the hunger that the boy felt. I have got two cobs of maize ready for it. Although the boy is trying to act like a grown up, cutting down woods, he cant resist his childhood side and not play with his imagination. I tell the sun to come share with me the rousted maize. The boy is visualizing the sun as his friend, whom hes asking to come to come and shares his roasted maize with. The boy personifies the rising of the sun with the wink of a grown-up. After a hard day full of working, the boy eats his maize visualizing that hes sharing it with the sun one for the sun, one for me. The boy describes the empty cobs with little skeletons in the sun. We can notice that the poet is describing in each stanza a specific part of the nature around him, the rising of the sun, the smell of the wood, the scatter of the its chips, and its hissing voice. The boy impresses me with the way he looks at his simple life. For most of us, its a struggling life were we have to wake up early and work, but for the boy, its an exciting life with challenges and making up friends with the nature around him.
Saturday, November 9, 2019
Economic Effects on Easyjet
Coursework Two: Written report evaluating and commenting on the recent developments in monetary, fiscal and exchange rate policy in the UK and abroad and how these impact on easyJet With the new coalition Government of the Conservatives and Liberal Democrats gaining power in 2010, and almost immediately calling an emergency budget, as the Conservatives promised, declaring their primary objective is to reduce the deficit there have been many changes in fiscal policy and reversal of plans by the Labour Government, there has also been changes in the exchange rate which will have considerable impacts all over the world.Additionally the Bank of England has looked to make use of monetary policy. All of the changes in the UK, and in Europe will have an impact on easyJet (as easyJet only flies in Europe). The objective is to identify the changes in macroeconomic policies in the UK and abroad, using data and information from The Bank of England, the European Central Bank, the Institute for Fi scal Studies, the Budget, the easyJet corporate report and other various economic sources.The Main Objectives of Government macroeconomic policy are; sustainable economic growth, stable low inflation, low level of unemployment, and a good position on the balance of payments. It is that final policy that the coalition Government has declared most important.With the deficit growing year on year, with little sight of changing, and as such they have used fiscal policy drastically recently as, especially the Conservatives in the coalition Government, have looked to reduce the budget deficit with across the board cuts (totalling six billion Pounds) in Government spending, this coupled with the various tax rises are extreme measures which seem necessitated by the extreme economic times we are in. Many believe these actions will lead to a double dip recession, one which it could take the UK many years to recover.The Government also increased VAT on the 1st of January from 17. 5% to 20% (the highest it has ever been). Although George Osborne (speaking to the BBC on the 4th of January) thinks ââ¬Å"targeting VAT is more progressive than increasing income tax or National Insuranceâ⬠many still believe VAT is a very regressive tax, meaning it is more of a burden on those households with lower income. This graph (compiled by the Institute for Fiscal Studies) shows how the poorest 10% will be hit much harder than the other 90%, seeing a percentage loss of net income more than double that of the richest 10%.This is because VAT is on goods including necessities, which means a rise in VAT will not deter people from purchases of said goods, so VAT will have a large impact on their percentage net income. Although overall a rise in VAT will have cost the richest 10% more, as their net income is considerably larger they have to capacity to cope better with the rise, and will cause a smaller decrease in their net income. Another rise is in fuel tax, ââ¬Å"Given that each pen ny increase in fuel duty raises an extra ? 00 million for the Exchequer, it is easy to see why the chancellor is tempted to hike rates,â⬠said the foundation's director, Professor Stephen Glaister. The Government have increased fuel duty by 0. 76p on petrol and diesel, and the rise in VAT will mean another price increase. The AA estimates that ââ¬Å"these increases combined will add approximately 3. 5p to the cost of a litre of both petrol and diesel. â⬠According to HM Tresuary budget report 2010 ââ¬Å"The most urgent task facing this country is to implement an accelerated plan to reduce the deficit.Reducing the deficit is a necessary precondition for sustained economic growth. â⬠As such another part of the recent fiscal policy changes in the UK was announced in The Budget, that public sector net borrowing would remain at 4 per cent of GDP in five years time, the structural deficit would be 2. 8 per cent of GDP by 2014-15, while the structural current deficit woul d be 1. 6 per cent. They also set that public sector pay would see a two year freeze, apart for those earning less than ? 1,000 a year, this is an attempt to stop the rise in wages for the thousands working in the public sector, which will save the Government paying more and more each year and thereby help to reduce the deficit. Yet public sector employees will be hit hard by this policy, as inflation rises ââ¬â their wages will not, meaning inflation will have a devastating impact on their net income as real prices rise, and taxes are increased. This will lead to public sector employees to purchase less, and thus provide less chance of growth which is one of the main macroeconomic objectives.However corporation tax will be reduced from 28 per cent to 24 per cent, a reduction that will be spread over the next four years from April 2011. This may encourage businesses to expand as they are paying less tax, which could lead to a decrease in unemployment (one of the primary macroeco nomic objectives) The budget also released a plan to ââ¬Å"reduce the main and special rate of capital allowances to 18 and 8 per cent respectively in April 2012. Also capital gains tax will be increased to 28 per cent for higher and additional rate taxpayersâ⬠(The Budget), so the higher income households will have to pay a higher than ever before tax.The Government also intends to freeze council tax for 2011-12 by working with the local authorities, this potentional freeze on council tax will help the poorer level income earners, and could help them to escape the poverty trap. An increase in tax for the higher level income earners will not only provide more money for the Government ââ¬â in an attempt to reduce the deficit ââ¬â it will also improve the image of the main party in power; the Conservatives whereby they are seen as more favourable to the higher level income earners in the UK.Another policy instated is, what the Treasury call, ââ¬Å"a reversal of the most damaging part of the planned increase in National Insurance Contributionsâ⬠by instead of reducing it as Labour had planned, they are raising the threshold by ? 21 a week in April 2011. This will also lessen the burden on the poor, and thus with more available incomes they will spend more, which will be an injection into the circular flow (where the flow of payments in an economy is a circular flow, with injections and leakages, the injections being Government spending, investment etc, and the leakages primarily being saving).Europe was also been impacted by the recession over recent years, and their fiscal policy must try to combat its negative effects. Before the Recession, many countries in the EU had a large structural deficit. There was an inability to meet fiscal targets, for example the political pressure against tax increases and spending cuts. One country which has particularly been affected is Greece, with the EU average debt as a % of GDP at an already staggering 78 . 2%, Greeceââ¬â¢s is at 122%. They have been hampered by powerful unions which gained considerable public sector wage increases without corresponding increases in productivity.Greece has also struggled to raise taxes and decrease Government spending. The depth of the recession has worsened the Government fiscal position much more quickly than expected; tax receipts have fallen while spending on unemployment benefits has increased dramatically. In Ireland they plan to tighten fiscal policy by more than 4% of GDP next year. However economists (Simon Tilford, Centre for European Reform, November 2010) debate whether a tightening of around 1. 5% in 2011 will derail the UK's economic recovery.Governments usually run a deficit in bad times, and a surplus in good times, yet in these times of recession Germany is running a budget surplus, by making necessary wage adjustments and increases in taxes as they are performing much more strongly than expected. Although The Bank of England was nationalized in 1997 by the then Chancellor of the Exchequer, Gordon Brown, meaning the Government no longer had control over the Bank of England, fiscal policy will have a large impact on the economy and how monetary policy is conducted.The primary tool of monetary policy is the use of interest rates. However in the UK the base rate wasà left unchanged at 0. 50%à in the January meeting, the 22nd month in a row. The news of an economic slump, the UK economy contracted 0. 5% in the final three months of 2010,à has reignited fears of a double-dipà recessionà and has reduced the likelihood of an early rate rise. Yet twoà of the 9 MPCà members voted for a rise in the base rate at the January meeting, a rare split decision. However due to an inflation rise in December the CPI rapidly rose from 3. % to 3. 7%, chances of an early rate increase to control price pressures has raised. The Bank of England predicted in February 2010 that inflation would be at 1. 5% by the end of 2 010, which is far of the actual rate of 3. 7%. The MPC must now hope that price pressures will ease so it can stick with low rates and avoid stagflation. However it may be out of their control; global commodity prices have been, and still are, rising fast and Source tradingeconomics. com are now pushing up the cost of UK exports.The idea of increasing the base rate will encourage saving (a leakage from the circular flow) which will help to decrease spending and therefore inflation. However this could be met with a reduction in growth, or even the economy shrinking. Failing to raise the base rate would seem counter intuitive as the Government CPI target is 2% and inflation it at 3. 7%, well above the 1% band. The Bank of England decided to employ quantative easing by pumping ? 200bn into the system in an attempt to kick-start the UKââ¬â¢s economy.But the GDP shrunk by 0. 5% in the last quarter of 2010, so this policy does not seem to be helping growth. The MPC predicts inflation w ill continue to rise past 4% in the coming months which will encourage higher pay demands and could start up a wage/price spiral, the rising expectations of inflation means people/workers expect prices to continue to rise, so they are unlikely to accept pay rises less than the expected inflation rate because they want to protect the real purchasing power of their incomes, and this pattern continues.Monetary policy is greatly restricted in Europe due to the Euro, being a member of the Euro means that individual countries face limitations such as an inability to employ quantative easing or alter the base rate to affect the economy (this is one major factor in why the UK has not joined the Euro, and that the Coalition Government has stated that while they are in term they will not join the Euro). As such the European Central Bank (ECB) has power over setting the base rate, which since 5/7/2009 has been 1%, almost as long as the UK has been at 0. 5%.The ECB states ââ¬Å"maintaining pri ce stability is the primary objective of the Eurosystem and of the single monetary policy for which it is responsible. â⬠This is laid down in the Treaty on the Functioning of the European Union, Article 127 (1). Yet prices in the Eurozone have been very unstable in the past years. However Germany has seen strong signs of improvement, but t this could actually hamper the rest of Europeââ¬â¢s growth. The CPI measure of inflation is rising at an annual rate of 2. 2%. That's not as high as the UK, but it's above the European Central Bank's (ECB) target for the first time in two years.As Germany is the most important and influential economy in the Eurozone when it comes to setting monetary policy, it means the ECB will have heavy pressure to raise the base rate this year, regardless of how the rest of the region is performing. Which is ironic as when the euro was introduced the base rate was set to a level to suit Germanyââ¬â¢s sclerotic (rigid and unresponsive) economy that was still dealing with reunification. But the cheap money turned the strongly-expanding countries, such as Ireland and Greece, into smaller and floundering economies.The UK has operated a free floating exchange rate since September 1992, meaning The Bank of England has not intervened in the markets to influence the Poundââ¬â¢s value. This means that the Exchange rate is purely market determined which leads to many fluctuations, just in the period from August to January displayed in the graph below. A floating rate can be a tool of macroeconomic adjustment ââ¬â for example a depreciation in the Pound should increase the net export demand and therey stimulate growth.However the BoE would hope the gains from a lower exchange rate are not dissolved in the inevitable higher wage demands or export prices. The countries inside the Euro Zone are hoping for a more competitive exchange rate to create an injection of demand into their struggling economies. Floating exchange rates offer a degree of adjustment, so as is the situation now a large trade deficit puts downward pressure on the exchange rate which will help the export sector and control the demand for Euroââ¬â¢s to Pound Sterling imports as they become relatively expensive.Having no exchange rate target means that short term interest rates can be set to meet domestic macroeconomic objectives such as growth or low inflation. However with a floating exchange rate there is less currency stability which can discourage Date (2010-11) Source x-rates, composed on excel trade and investment, this is one of the reasons why currencies were locked within the Euro Zone for the Euro. Any changes in the prices of imported goods and services will have aà direct effectà on inflation. The Euro is also a floating exchange rate, meaning itââ¬â¢s fluctuations in relation to the UK have considerable affects.An appreciation of the exchange rate (as there has been in January against the Euro) reduces the sterling pric e of imported consumer goods and durables, raw materials and capital goods. The effect of a changing currency on the prices of imported products will vary by type of import and also theà price elasticity of demandà which is affected by the degree of competition within specific markets. All companies will be affected by these policies, both UK and abroad, and easyJet is no exception. The current price of jet fuel is ââ¬Å"$897 a metric tonne compared with $681 a metric tonne a year agoâ⬠, easyJet stated in January 2011.This increase in fuel tax and price will cost easyJet ? 1. 17 extra per than in 2010, and is expected to double the losses of the company to approximately ? 140 million, as it will for all companies in the airline market. As for the VAT rise, easyJet have announced they may be able to save millions of Pounds in VAT by registering its new budget holiday company outside Britain, with Lowcost Travel, expected to be in Switzerland. This means they will avoid VAT under the Tour Operatorââ¬â¢s Margin Scheme. This could save easyJet ? 0 million in VAT for the next three years. Most European markets saw losses or declines in January with concerns that China will raise interest rates again to slow down economic growth in Europe, and easyJet suffered alike with a fall of 16. 19 percent in the FTSE250 after they predicted heavy losses in the first half of 2011. easyJet announced in January 2011 that it, as all other airlines, was hit by the severe weather in Europe in December 2010 and strike action by French air traffic controllers, coupled together this cost easyJet ? 31 million,. asyJet is also set to close its cut services at Luton Airport by a fifth (which sees 5 million passengers each year) with a view to transferring them to profitable bases in continental Europe. The airline also initially price flights from European destinations in Euros, but customers can choose an alternative price in sterling. However, the price in sterling is set at a lower rate, this is because easyJet decided not to use the Mastercard or Visa rates that the most retailers use, and instead set the interest rate themselves ââ¬â at a much lower level.Generally the difference between the actual exchange rate and what easyJet offer can be anywhere between 2% and 6%. This generates a lot more income for easyJet by exploiting the exchange rate at the right time, yet it can been seen as a hidden cost, which would not impress easyJetââ¬â¢s customers, and in the long run could actually lose them customers. Elasticity of demand measures how a change of the quantity demanded is affected by an income or price of another good change.As the airline market demand is elastic businesses must be careful with changing prices and must be sure that by decreasing their prices they are still able to increase their market share. easyJet have achieved this, by coming in with very low prices and gaining market share. Another problem facing easyJet is that pas senger duty tax increased from ? 10 to ? 11 in November 2010, which again cost easyJet millions. However, despite these setbacks, the airline said revenue in the final three months of 2010 ââ¬Å"was up 7. 5% to ? 54 million compared with the same period a year agoâ⬠. easyJet announced in November 2010 that profits have been ââ¬Å"boosted by a rise in passenger volumes and the group said it will pay its first ever dividend in 2012â⬠, the airlineââ¬â¢s chief executive, Carolyn McCall, said ââ¬Å"We therefore intend to commence the payment of an annual dividend based on a dividend cover of five times. â⬠The airline said passenger numbers grew 8% in the full-year to the end of September to 49 million, while profits totalled ? 154 million in the period ââ¬â against ? 55 million a year earlier. asyJetââ¬â¢s have continued to strengthen with ââ¬Å"market share gains across Europe particularly London Gatwick, Paris Orly (easyJet grew capacity by 22% in France i n 2010) and CDG and Genevaâ⬠(easyJet corporate reports, January 2011). Additionally in response to growth in Germany, easyJet carried on refocusing its offering, and increased capacity on key business routes out of Berlin. The total fleet plan over the period to 30 September 2013 is as follows: | easyJet A320 family| Boeing 737-700| GB Airways A320 family5| Total aircraft5| At 30 September 2010| 182| 8| 6| 196| At 30 September 2011| 202| 2| ââ¬â| 204|At 30 September 2012| 214| ââ¬â| ââ¬â| 214| At 30 September 2013| 218| ââ¬â| 2| 220| Note 5: Four ex-GB Airways A321 aircraft exited the fleet in November 2010. Source: easyJet corporate reports, Jan 2011 By eliminating the Boeing and ex-GB Airways sub-fleets it will reduce costs by simplify operations. easyJet plan to complete this by 2012 and they project cost savings of around ? 30 million each year. They are also set to work with the EU on consumer rules to make sure that they have the right balance between the benefits that low costs brings to consumers over its costs to the industry.The air traffic control strike in 2010 was caused by the economic pressures facing Europe and union concerns about the Single European Sky programme, and easyJet ââ¬Å"expect disruption to continue in 2011â⬠and ââ¬Å"will press for measures to be put in place that alleviate the impact of these strikes and push for faster reform. â⬠(easyJet corporate reports). There has recently been a saturation in the European and UK airline market. Competitors have mimicked easyJetââ¬â¢s strategy and have introduced competitive brands with similar price strategies that have increased competition, and decreased market share.The airline market is best classified as having a monopolistic competition market structure, whereby there are many firms will similar, yet differentiated services. Some companies have contrasting services; easyJet and British Airways for example, one with a strategy to keep costs as low as possible by stripping out almost all non-essentials of air travel (ranges in class etc) and one, BA which offers a higher level of service with a higher cost. It also has many business with similar plans and ideas; easyJet and Ryanair for example.The Herfindahl Hirschman Index (HHI), which measures the degree of competition in one market for the airline market, and is 0. 070210776 (see attached excel document for details). This means that the market is unconcentrated; this indicates that the market is unlikely to have adverse competitive effects, as no companies have a monopoly power. In conclusion, the fiscal policy employed by the coalition Government will have long reaching affects across the economy, including the airline market.It will also have drastic affects on the population, with many tax rises; VAT and fuel in particular, which will reduce the level of net income for all households. However the rise in the National Insurance threshold will be very positive for the low er income households. As for businesses, the reduction in corporation tax over the next four years will be a welcome policy, yet almost all companies will be affected by the rise in fuel tax, particularly the transport market ââ¬â easyJet.The Bank of England will soon have to look further into raising the base rate, the historically low level of 0. 5% will not help any savers (although it helps those with large mortgages, loans etc. ), and when they decide to raise the rate it can help combat the continually increasing level of inflation. The exchange rate is left as a free-floating, which it will be for the foreseeable future. This is like almost all countries, so the market controls currencies, which will periodically rise and fall, and deal with the level of imports and exports and their competitiveness. asyJet will undoubtedly suffer great losses due to the fuel rises, which are expected to continue to rise as oil becomes a more scarce resource the supply falls ââ¬â whic h will increase the price. They have plans to deal with VAT, and are looking to cut any unnecessary costs across the board to cope with these rises. The further strikes planned by the ATC for 2011 will again cost easyJet millions, but they believe they will be better equipped to deal with these problems.Any unpredictable, or problems outside their control, snowfall of December and the Icelandic volcanic ash clouds will also cause considerable losses, yet there competitors (and imitators) will see similar losses so it will be highly unlikely that easyJet become less competitive as the airline market continues to combat numerous problems. References Financemarkets. com HM Treasury Budget The European Central Bank website The Bank of England website The easyJet annual, and corporate reports Tutor2u The Institute for Fiscal Studies tradingeconomics. com x-rates. com The Economist
Thursday, November 7, 2019
Free Essays on An Unconscious Friend
ââ¬Å" ââ¬Ë Who the hell do you think you areââ¬â¢ Connie said. ââ¬ËToldja Iââ¬â¢d be out, didnââ¬â¢t I?ââ¬â¢ ââ¬ËI donââ¬â¢t even know who you are.ââ¬â¢ â⬠(Oates 1227) Fear and uncertainty have come to fifteen-year-old Connie in the form of a ââ¬Å"boy with shaggy black hair, in a convertible jalopy painted goldâ⬠(Oates 1225) in Joyce Carol Oatesââ¬â¢ short story ââ¬Å"Where Are You Going? Where Have You Been?â⬠The boy, who readers learn is named Arnold Friend, comes to the insecure and culture-obsessed Connie one random Sunday afternoon and eventually uses his manipulative powers to lure Connie away from her home to meet an uncertain fate. Like Connie, readers find themselves wondering exactly who Arnold Friend is and what his role in the story means. Oates, when speaking about Friend, said that he is ââ¬Å"a fantastic figure: he is Death, he is the ââ¬Ëelf-knightââ¬â¢ of the ballads, he is the imagination, he is dream, he is a lover, a demon and all thatâ⬠(Franco). As one can tell, Arnoldââ¬â¢s meaning in the story is subject to debate. While some argue that Arnold Friend is a psychopathic killer or Satan inc arnate, he is actually a collection of Connieââ¬â¢s unconscious thoughts and desires in human form. Some readers have come to the conclusion that Arnold Friend is a psychopathic murderer who has come abduct Connie. This is most likely due to his characterââ¬â¢s strong resemblance to real-life serial killer Charles Schmidbetter known as ââ¬Å"The Pied Piper of Tucson.â⬠Charles Howard Schmid Jr. acted out the same habitual behaviors exhibited by Arnold Friend in ââ¬Å"Where Are You Going? Where Have You Been?â⬠The fictitious Friend, like Schmid, keeps his ââ¬Å"skin darkened to a deep tan with pancake make-upâ⬠(Moser 1225); he stuffs rags and tin cans into his shoes to make himself taller, and both Schmid and Arnold cruise around town in gold colored cars. Like Charles Schmid, Arnold Friend wears the make-up in order to conceal his real age. Schmid... Free Essays on An Unconscious Friend Free Essays on An Unconscious Friend ââ¬Å" ââ¬Ë Who the hell do you think you areââ¬â¢ Connie said. ââ¬ËToldja Iââ¬â¢d be out, didnââ¬â¢t I?ââ¬â¢ ââ¬ËI donââ¬â¢t even know who you are.ââ¬â¢ â⬠(Oates 1227) Fear and uncertainty have come to fifteen-year-old Connie in the form of a ââ¬Å"boy with shaggy black hair, in a convertible jalopy painted goldâ⬠(Oates 1225) in Joyce Carol Oatesââ¬â¢ short story ââ¬Å"Where Are You Going? Where Have You Been?â⬠The boy, who readers learn is named Arnold Friend, comes to the insecure and culture-obsessed Connie one random Sunday afternoon and eventually uses his manipulative powers to lure Connie away from her home to meet an uncertain fate. Like Connie, readers find themselves wondering exactly who Arnold Friend is and what his role in the story means. Oates, when speaking about Friend, said that he is ââ¬Å"a fantastic figure: he is Death, he is the ââ¬Ëelf-knightââ¬â¢ of the ballads, he is the imagination, he is dream, he is a lover, a demon and all thatâ⬠(Franco). As one can tell, Arnoldââ¬â¢s meaning in the story is subject to debate. While some argue that Arnold Friend is a psychopathic killer or Satan inc arnate, he is actually a collection of Connieââ¬â¢s unconscious thoughts and desires in human form. Some readers have come to the conclusion that Arnold Friend is a psychopathic murderer who has come abduct Connie. This is most likely due to his characterââ¬â¢s strong resemblance to real-life serial killer Charles Schmidbetter known as ââ¬Å"The Pied Piper of Tucson.â⬠Charles Howard Schmid Jr. acted out the same habitual behaviors exhibited by Arnold Friend in ââ¬Å"Where Are You Going? Where Have You Been?â⬠The fictitious Friend, like Schmid, keeps his ââ¬Å"skin darkened to a deep tan with pancake make-upâ⬠(Moser 1225); he stuffs rags and tin cans into his shoes to make himself taller, and both Schmid and Arnold cruise around town in gold colored cars. Like Charles Schmid, Arnold Friend wears the make-up in order to conceal his real age. Schmid...
Tuesday, November 5, 2019
Make Singing Cake (Cooking Science Project)
Make Singing Cake (Cooking Science Project) This is the recipe for a singing cake. The cake sings while baking and then it is ready to eat! Difficulty: Average Time Required: 1 hour Heres How: Preheat oven to 350F.Grease and flour an angel food cake pan.Melt the 2 squares of chocolate, set aside.In a clean bowl, beat the egg whites until stiff and set aside.Cream butter and sugar.Stir in the egg yolks.Stir in the melted chocolate.Add 1 cup raisins.Stir 2 tsp. cinnamon, 1 tsp. cloves, and 4 cups sifted flour into the mixture.Stir in 1 cup chopped nuts and 1 cup jam.Now add the baking powder to the buttermilk and quickly stir into the cake mixture.Fold in the stiffly beaten egg whites.Bake at 350 degrees until cake stops singing, about 45 minutes.Mmmm... tasty warm cake! Singing Cake Ingredients 1 cup butter2 cups brown sugar3 eggs, separated2 square bitter chocolate1 cup raisins1 cup nuts2 teaspoonsà cinnamon1 teaspoon cloves1 cup strawberry jam4 cups sifted flour2 tsp baking powder1 cup buttermilk
Sunday, November 3, 2019
Operating a truck fleet annual fees Essay Example | Topics and Well Written Essays - 750 words
Operating a truck fleet annual fees - Essay Example It is a companied by a dual fuel tank; this makes it possible for the trucks to travel for longer distances without stopping at any point for fueling. Its outer body is smartly designed; it has a raised roof creating a more grater space making the drivers position a comfortable place. The trailer uses a ten speed engine, it the most efficient in long distances and also the most suitable to carry heavy luggageââ¬â¢s (Rogers, 98). Annual registration of the trailers ranges 2424 USD. It is charged to all trailers. The registration includes government tax and basic registration fees. Other additional fee may include 28.25 USD for private sales, 1 USD for inspection on of state vehicles and any other relevant taxes that may occur due to purchase of the truck. Licensing plate fee is 1 USD; it may also be changed to transfer the existing plates which will amount to 6 USD. In United States drivers are governed by rules that should never be violated at any time. A driver qualifying to drive must be strong enough to be able to handle the trailer in an appropriate way. The maximum driving hours of driver are 11 hours after 10 consecutive hours of duty; the hourly limit should not exceed the 14th hour after coming on duty. The hour on duty limit no single driver can drive after 60 to 70 hours on duty in 7 to 8 consecutive days. A driver is allowed to start a 7/8 continuous period after having taken 34 hour hours off. Any driver using sleeper provision must take eight consecutive hours sleeping, plus other two hours either in the sleeping berth of or off duty (Lusty, 146). Allowing any driver to drive more than the required time is violating the law; it may be considered an egregious violation and is subjected to maximum civil penalties. The USA federal government requires all for one to start any king of business a certificate and a license have to be issued to prove that the business is legal. The role of the federal government as stated in the
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