Existential Therapy A Matter Of Choices Essay - 1699 Words

Existential Therapy: A Matter of Choices Chara Baines Liberty University Online Abstract Existential therapy is a self-help style of therapy based on choices. Existential therapy focuses on the here and now and the changes an individual can make in their lives if they are willing to honestly explore, self-evaluate, and make changes in their beliefs, traditions, patterns and behavioral issues. Questioning such things as death, the meaning of human existence, God’s existence, and relationships is done through a close client therapist relationship built on trust, transparence and understanding. Existential therapy can help a person determine direction, set and accomplish goals and achieve self-actualization. Existential therapy can also benefit individuals struggling with addiction, anxiety, and depression. Individuals seeking immediate relief, not willing or able to be honest in self-evaluations, have been reprimanded to therapy or resistant to the process are less likely to benefit or make any meaningful progress. With the help of therapy individuals are abl e to ask and seek answers to questions that will help them to aspire to become their true authentic self. History of Existential Therapy Existential therapy rose from the philosophical approach emphasizing that an individual, through acts of free will, determines their own destiny including how one should live their life thus making each individual responsible for his or her choices. AnShow MoreRelatedExistential Therapy: Death, Freedom Self-Awareness Essay1049 Words   |  5 PagesExistential Therapy: Death, Freedom Self-Awareness Some people rely on others to validate who they are, and to give them meaning. However, they must realize that they are alone in this world and they must find meaning from within themselves and not from others. Nevertheless, for many people being alone causes anxiety in which people feel that their life has no meaning. A person can become aware of who they are but not accept who they are while being alone. Existential therapy helps people toRead MoreStudent Studying Architecture And Urban Planning At Pratt Essay1193 Words   |  5 Pagesboyfriend; although she expresses that her break-up does was not the reason she sought out a therapist. April asks Paul, the therapist, if she can write down her reason for coming to therapy, rather than discussing it since she does not feel comfortable speaking about it, or even when others speak about it for that matter (Bergman et. al., 2008). Paul happily allows her to do so, and discovers the real reason April came to see him was because she r ecently found out she is suffering from stage threeRead MoreExistential Psychology1333 Words   |  6 PagesUniversity- Online | Existential Psychology | Journal Reviews | | [Type the author name] | 2/4/2013 | Human beings have natural existential givens; emotions and their expressions, a need for a certain amount of irrationality to stay afloat in a world that bombards them with empirical facts that could easily consume them with enslaving anxiety, and the need to be authenticity courageous and self-aware. Below we are given information that allows us to see into existential psychology and theseRead MorePsychodynamic Approach On Human Nature1108 Words   |  5 Pagesclients will have numerous issues; however, there is no one way to approach the matter. Recently, I completed a Determine your Theoretical Approach inventory. During this inventory, I was asked multiple questions that would determine my approach with dealing with human nature. There are four categories of theoretical approaches for counseling. The four categories are: psychodynamic, cognitive- behavioral, existential- humanistic, and postmodern approach. â€Å"Psychodynamic approach sees human functioningRead MoreThe Exist ential Theory Of Psychology Essay2244 Words   |  9 PagesAbstract Existential theory is only one of many different theories in psychology. This paper will work to help give the reader a better understanding of what Existential theory is, what the common factor accountability is and how the common factor accountability works within the existential theory to help a client and/or therapist gain a better understanding of the choices, thoughts, or behaviors that helped get a client into the position they are in and how holding themselves accountable to theirRead MoreMy Emerging Behavioral Therapy Theory1711 Words   |  7 PagesMy emerging theory employed aspects of therapy from the humanism, existentialism, dialectical behavior, and when necessary exposure therapy. These theories have represented me as a person. As I have presented them here, they through the lens of each other, they work to form one integrative approach. As Rogerian humanism has laid the foundation for ways of being, this theory also incorporated Dr. Marsha Linehan’s structure of dialectical behavioral therapy’s and goals expressed by Yalom in existentialismRead MoreTherapeutic Models, Person Centred And Existential2072 Words   |  9 PagesThis essay will explore two therapeutic models, Person-Centred and Existential, with the aim of understanding the similarities and differences in terms of their fundamental principles, approach and techniques as well as the situations in which they may be best applied. Person-centred therapy was developed by Carl Rogers as a new approach to therapy which put the emphasis on the quality of the relationship between the therapist and client and redefined the roles they would both play in the therapeuticRead MoreHumanistic and Existential Personality Theories Worksheet726 Words   |  3 PagesUniversity of Phoenix Material Humanistic and Existential Personality Theories Worksheet Fill-in the Blank 1. Abraham Maslow proposed the _____Humanistic____________ theory of personality. 2. According to Maslow, self-fulfillment and realization of one’s full potential are examples of ______basic__________ needs. 3. Maslow’s hierarchy of needs proposes that ___lower basic needs_________ needs must be satisfied before ____higher growth________ needs will become motivatorsRead MoreCarl Rogers : A Humanistic Approach1295 Words   |  6 Pagesactual experiences. Carl Rogers not only had a humanistic approach, but he allowed the client full control of his or her therapy sessions. Allowing the client to control his or her therapy sessions gave the client the ability to reach within and figure out what’s causing distress. This type of session is called â€Å"non-directive† (Kirschenbaum, 2014). The article â€Å"Client-Centered Therapy† by Harvard Mental Health notes, â€Å"with this method, the therapist refrains from asking questions. The therapist rarelyRead MoreMeaning Therapy : New Challenges And The Future1514 Words   |  7 Pagesdeath, and misery are dominating the media. It seems like that is all we as humans think about. Psychologist have come up with a type of therapy that is supposed to help people discover and create meanings and values in their lives out of painful experiences. It’s called Meaning Therapy. The idea originated from Viktor Frankl’s logotherapy (Wong 2015). Meaning Therapy (MT) focuses on the positive psychology of making life worth living in spite of suffering and limitations. It gives hope of finding meaning

The Odyssey Of Homer, A Homeric Epic Essay - 1550 Words

The Odyssey of Homer, a Homeric epic translated by Richmond Latimore, has an abundance of women, all of whom fulfill various roles within the narrative. In The Odyssey, women are portrayed as obstacles, or, more specifically, temptations that men need to surmount in order to obtain what they truly desire. As a result, women are associated with negativity in the reader’s mind; however, it is this depiction as negative temptations that grants them power within the epic. Women, such as Penelope, Circe, and Kalypso, act as catalysts who drive the Homeric tale forward. Penelope, in The Odyssey, is depicted as a weak woman, one who is unable to take a stand against the suitors who â€Å"will not go back to [their] own estates, nor will [they] go elsewhere until she marries whichever Achaian man she fancies† (II. 127-128 pg. 42). Marrying Penelope entails receiving a dowry from her father and, of course, some of the wealth that Odysseus has amassed over the years. Antinoos, a suitor, declares that â€Å"she has been denying the desires of the Achaians. For she holds out hope to all, and makes promises to each man, sending [them] messages, but her mind has other intentions† (I. 90-92 pg. 41). The material treasures that are attached to Penelope are what the suitors desire, and what makes her desirable; and, so, Penelope is transformed into the obstacle that the suitors need to â€Å"conquer† in order to reach that ultimate goal of accruing wealth. It could be argued that the wealth that isShow MoreRelatedEssay on The Mysterious H omer, Author of The Odyssey and The Iliad663 Words   |  3 PagesThe Mysterious Homer, Author of The Odyssey and The Iliad   A sketchy figure by the name of Homer is given credit for the two great epic poems of ancient Greece. The Odyssey and The Iliad influenced Greek culture, education, and morality. Little is known about Homer and many scholars question whether he existed at all. (Encarta) Some say two different unknown authors wrote the two poems. (Britannica) Others say that many oral poets were responsible for the finished products. (Britannica) In thisRead MoreHomer: The Most Famous Greek Poet751 Words   |  4 Pages Whether Homer was real or not, a group of people, a boy or a girl; one thing we are sure of is that â€Å"Homer† wrote two of the best epic poems. The Iliad, which was based on the tenth year of the Trojan War and the Odyssey, which was about a guy named Odysseus who goes on many adventures as he tried to get home to his son and his wife. From what we know Homer was the most famous of all Greek poets because of his written works, his legendary history, and his influen tial work. â€Å"Hateful toRead MoreComparing The Iliad And The Odyssey905 Words   |  4 PagesThis short essay will identify five traditional epic characteristics that are evident in both the Iliad and the Odyssey. The first epic characteristic evident in both epics is catalogs and genealogies. For instance, Book VIII of the Odyssey features a list of participants in the game (115-125) and the Iliad Book II features a catalog of ships (484-759). Secondly, both epics start in media res. The Odyssey starts ten years after the Trojan War and the Illiad starts nine years after the start of theRead MoreHomer: Blind or Captive Essay513 Words   |  3 PagesHave you ever wondered who Homer is? Have you ever heard of Homer? Do you know what he wrote? Do you know when he lived? All of these questions will be answered in the following paragraphs. Homer is an interesting man, not much is known about him, and what is known about him is questioned by the â€Å"Homeric Question,† he composed The Iliad and The Odyssey, and that is what his life is based off of. Homer means blind or captive. He was said to be born in 800 BCE, but their is no exact date butRead MoreEssay on Gender in the Odyssey1002 Words   |  5 PagesOdysseus values and character traits serve as a paradigm of the ideal Homeric Greek man. The god-like Odysseus is crafty, valiant, wise, and eloquent. He gains much of his knowledge through travel, the meeting of different cultures and peoples and learns from suffering and mistakes. He is an aristocrat and a warrior of all warriors. We first learn of many of these traits in Homers Iliad. Agamemnon, the commander of the Greek army always calls on Odysseus for assignments that required someoneRead More A Comparison of Homeric Formalism in The Iliad and The Odyssey1339 Words   |  6 PagesHomeric Formalism in The Iliad and The Odyssey Much that is terrible takes place in the Homeric poems, but it seldom takes place wordlessly... no speech is so filled with anger or scorn that the particles which express logical and grammatical connections are lacking or out of place. (from Odysseus Scar by Erich Auerbach)    In his immaculately detailed study comparing the narrative styles of Homer to those of the Bible, Erich Auerbach hits upon one of the most notable intriguesRead More Aeneid and Odyssey - A Comparison between Aeneas, Achilles and Odysseus1031 Words   |  5 PagesAeneid and Odyssey - A Comparison between Aeneas, Achilles and Odysseus      Ã‚  Ã‚  Ã‚   A comparison between Virgils hero, Aeneas, and the Homeric heroes, Achilles and Odysseus, brings up the question concerning the relevance of the difference between the Homeric heroes and Aeneas. The differences in the poets concerns are explained by the fact that Virgil lived many years after Homer, giving Virgil the advantage of a more developed literary and philosophical society than Homer had at his disposalRead MoreThe Iliad And The Odyssey1060 Words   |  5 PagesHomer once said, â€Å"Hateful to me as the gates of Hades is that man who hides one thing in his heart and speaks another.† (The Iliad pg.405) The quote is relevant to the stories Homer created during the period of the Trojan War. Homer orally performed two of his best works The Iliad and The Odyssey. Homer’s stories are old and probably translated differently than their original telling. Homer’s The Iliad and The Odyssey still show the basic human emotions and are an insp iration to other authors, poetsRead MoreThe Homeric Odyssey By Christopher Mcquarrie And Directed By Bryan Singer831 Words   |  4 PagesThe Homeric Odyssey is a timeless work that shadows the adventures of Odysseus. The main story involves Odysseus’ journey to return home after the Trojan War. Specifically in scrolls 8-12 of the Homeric Odyssey, Homer skips around the journey occasionally to show the audience the construction of the hero of the epic, namely, Odysseus. The events in Homer’s epic are not in chronological order; however, the events are effective on guiding Odysseus as a storyteller. Scrolls 8-12 of the Homeric OdysseyRead MoreComparing The Odyssey And O Brother Where Art Thou1279 Words   |  6 PagesThe â€Å"Odyssey†, one of two major ancient Greek epic poems attributed to Homer, and â€Å"O Brother Where Art Thou†, a 2000 a film written, produced, and directed by Joel and Ethan Coen. At first thought you would not think the movie â₠¬Å"O Brother Where Art Thou† and â€Å"The Odyssey† have anything in common. It is however, the modern film depiction of the troubles of a man during the depression and is molded by the ancient struggles of Odysseus in Homer’s Odyssey. â€Å"The Odyssey† is about a Greek warrior and is

The Similarities Between Classical Music and Ellingtons free essay sample

Music and Elongations Jazz One of the greatest tragedies In the 20th century can be seen In the debasing of the Jazz genre as a unworthy equal to its predecessor, European Classical music. This can be seen in various statements about Jazz, such as Boris Gabbling commit, The Jazz Mania has taken on the character of a lingering illness and must be cured by means of forceful intervention. l This conflict can be traced through out the history of Jazz, as Classical composers have relatively disregarded this new type of music.Before Duke Elongations Cotton Club performances, Jazz play on the radio was legated for late night audience only. This sub-culture treatment has led many critics to disregard the Jazz movement as a dance craze, or unsuccessful recreations of Classical pieces. This slandering of Jazz has not only created a false image of the music, but it has also lead too full disconnection between the two genres. It is for this reason that I propose in my paper to show the relationship between these two musical categories.My hopes in demonstrating these similarities is to disassemble the schism of Ignorance built between the two, and place both Jazz and Classical music on equal footing. Critics of Jazz have always perpetuated this schism by utilizing the reasoning behind Jazz, that of it being a free form interpretation, to question the legitimacy of calling a Jazz leader a composer. For how can one be styled as a proper composer and still remain true to the Traditional Jazz concepts?The classic composer has at their disposal highly skilled musicians who are trained to work within professional bodies, such as a symphony orchestra or string quartet, and who then relies on the efficiency of these professionally trained bodies to Interpret his scores as he sees fit. On the surface this appears to run contradictory to the Jazz composer whom, Has to write for specific combinations which do not ex ist until he brings them Into being, and to rely on highly individual executable whose personal style must be blended together to give expression to his own ideas without;losing their individuality. Yet to interpret this blending of highly individualistic sounds as proof of a schism between this and the royally structured Classical composer Is a false Impression. This fallacy can be attributed to overemphasized the sporadic and Improvisational aspects of Jazz and refusing to address the simplistic question of how much room is there for personal interpretation within the context of composed writing?Complete artistic improvisational is only accomplished by the single performer, but Yet the moment a group or a collective Improvisational steps in some relatively simple and more or less Inflexible convention becomes essential If mere chaos Is to be kept at bay. 3 This Is why Duke Elongations Orchestra played such an Integrate role In his development of musical scores. It is here that we see the originality of Duke Elongating, for in his tailoring a piece around the performer, he created the impression of pure interpretations within the framework of structure.As Duke once said, Anoth er theory they hold is that there is such thing as a unadulterated improvisation without any preparation or anticipation. It is my firm belief that there have some idea what he was going to play, before he started4 This is an important aspect to bear in mind for this argument, for the mistake that Classical critics make is this distortion of the improvisational aspect to such extremes that one would believe that no compositional writing takes place.While obviously some improvisation happens in Jazz assembles, it is not that extreme, and in Elongations case this improvisation of certain musicians was actually written in the piece. Elongating work is centered on the interplay between written and improvised music. 5 As one can see both types of composers utilize their musicians to express theyre given message and while it is through this utilization that subtle differences arise, it is hardly enough to claim this schism.To most people the infusion of African tonality into Duke Elongations music to create Negro art, questions the connection between European music and Jazz. Here Constant Lambert responds to this. If anyone doubts the essential element of European sophistication in Jazz, it is a simple matter for his to compare a typical piece of Jazz, such as Duke Elongating Swampy River, first with a lyric by Grief and then with a record of African music.It must be clear to even the most prejudiced listener that apart from a few rhythmical peculiarities the Elongating piece has far more in common with the music of Grief6 One must understand that even when Duke infused the two tonalities of music; he still was ob ligated to work within guidelines of the European Harmonic tradition. Yet by him keeping with this tradition he is not obligated to write music in the form of previous composers such as Stravinsky, Mozart, or Bach, for to do that would delegate Elongations music as a duplicate work. Here is the contradiction, for no Classical composer has ever been chastise for creativity in their sound, and yet how do you explain the criticism of Elongations work? The intentional fusing of African and European tonality is nothing more than a continuation of numerous inventive techniques used by musicians as seen in the changing sounds and techniques of Classical music over time? Thus to criticize Duke for his originality one would also have to condemn original composers such as Debussy, whos use of the whole-tone scale, instead of the traditional scale of Western music, allowed him to achieved a new nuances of mood and expression.Music is a universal aspect in which the inherit purpose of composing is expression. In Don Giovanni Mozart treats the interplay of social and sexual tensions with keen insight into human character that transcends the comic framework, Just as Die Jabberer ¶et (1791) transcends, with its elements of ritual and allegory about human harmony and enlighte nment, the world f the Viennese popular theatre from which it springs8 As one can see this expression of the artist is relevant to Classical music, but can the same be said about Jazz?Some critics explain Jazz is nothing more than entertainment, and yet in this declaration these critics overlook the implication of the music. The purpose of Jazz is to express the conditions of the time, and for a critic to denote that the music cannot do so is not only ridicules but logically incorrect. First of all, who knows more about an artists music than the said artist? We know that Don Giovanni has meaning to it cause of the authors intended purpose, thus for Duke Elongations music to have the being asked whether Jazz music will ever be accepted seriously.I think so; and it has to be accepted as serious music because it is the only type which describes this gage if serious music is supposed to be descriptive of a period, then Jazz will have to be used to describe this, the Jazz age. Since I th ink Jazz is serious thing, I must be serious in my choice of song titles. 9 Thus one can see the purpose of Elongations music is to describe the era in which he lives in, very similar to the Classical era composers and the Romantic era imposers.In response to the enjoyably of Elongations music, I admit that Elongations music has melody in which patrons danced to, but the dance-ability of the music is not inherent but rather an interpretation by the targeted audience. As Duke once indicated, No notes represent swing. You cant write swing because swing is the emotional element in the audience. 10 The dance-ability of Jazz cannot be used as a distinguishing character, because one can always point to ballet, the waltz, or other manners of dance perpetuated against the backdrop of classic music.Last, large mount of spectators not only dance to Classical music but attend concert halls to listen to their performer, is this critic also indicating that in hearing Classical music one does not find enjoyment? As one author indicates, Like Mozart he, (referring to D uke Elongating) wrote music specifically designed for dance and concert and, again like Mozart, fudged the distinction between the two by the originality and consistency of his vision. al Thus as one can see that both Jazz and Classical music are reflection of their artists ideals and social conditions, while also consisting of an enjoyable element to their audience. In this ongoing analysis between the similarities of Elongating and Classical music, one must bear in mind the fundamental composition of all music. The basic elements found in the composition of all musical sound is melody, harmony, tone color, texture, rhythm, and form. While all music is created through combining these elements, the unique sound of a specific musical genre is dependent upon the proportion ratio of the mixture. 12 As one can see the originality of Jazz rests not in the creation of new elements, but rather with their unique utilization.An example of this can be seen in the accenting of rhythm in Jazz music hush leading some critics to refer it as Rhythmic music. In all honesty Jazz is neither more or less rhythmic than any other types of music, it Just simply uses rhythm in a different manner. 13 One of the clearest examples between of this link that I have been refereeing to can be seen in Elongations relationship with Delis. Yet Before I make the comparison between Elongations Jazz and Delis European impressionism and lyrical romanticism, a note must be made.I am in no way inferring that either composer played an integrate part in the development of the others style. Elongations sensitive impressionism shows considerable development before his actual encounter with Delis, and there is little proof that Elongations style would have changed if he had not even encountered Delis work. The real connection between these two is in the way they both utilize the impressionist technique in their music. Delis close adherence to the impressionist view can be seen in his focus on the mood or emotion stimulated by a scene.Elongations focus on reactions to events indicates how both composers scale, it is well known that Delis was an admirer of early minstrel shows of the 19th century. 4 These shows were the only theatrical medium in which gifted blacks performers of the period could support themselves and play their m usic. In them we see the employment of great blues singers such as Ma Rainy and Bessie Smith. Yet contrary to their own propaganda, minstrel shows musical repertoire has an only quasi-black influenced, not the full integration that is often portrayed. 5 The connection of this music can also be seen as the embracing of the African slave culture, while the extent of this embracement is arbitrary, the influence is still there. Yet like Gershwin this employment of the African tonality is not as pronounced in Delis, and yet the concept still advocates an unseen bridge between Classical and Elongating. While on the surface it may appear that the influence that ragtime played on Jazz has no relevance in this comparative analysis, the truth is ragtime is very much European.While it is common knowledge that European marching bands had immense influence on the development of ragtime,16 1 have decided to focus on the role of syncopation rhythm. This is made up of two essential elements, first in the placement of stress on a weak beat, and the second is the creation of a strong impulse on a subdivision oaf beat, called an in-between beat. Now weak beats and in-between beets are also known collectively as off beats, hence the rationale on why syncopated rhythm is referred to as a offbeat rhythm.Yet the important factor to remember is, musicians have always employed this type of rhythm as a stylistic method, with the only differential aspect in regards to rag time is the employment on a large-scale basis. Yet to the regard of many critics, a full composition cannot be based solely on this rhyme, thus only difference in the ragtime implications and that f Classical music is the extent of the utilization. Now that we have made the connection between ragtime and Classical the question is now asked, does such a relationship exist for Elongating?If one wanted to see the contribution of ragtime on Elongating, all they had to do was look at his first piece ever composed, Soda Fountain Rag. Elongations early life was spent in the company of the great ragtime pianist whose impact on him as a musician is unfounded. As Elongating himself indicated, Those ragtime pianists sounded so good to me, and they looked so good! Particularly when they flashed their left hands. 17 As one can see, while syncopated rhythm is an integral aspect of Jazz, it is in no way limited only to this musical category. From Bach to Mozart, Beethoven and even Tchaikovsky employed it as a stylistic feature in their pieces. In conclusion, one can see the shared characteristics of the two musical styles. Yet I find myself pressing again the reasoning for this paper, for I must submit that I am in no way declaring that Classical music equates Jazz. The two musical categories are different in numerous ways, but one must wonder does this difference Justify the mistreatment of Jazz. Throughout history great innovations have been created not thought the passive means, but through the torrent fires of dissent.

The Evolution of Peekay in the Power of One free essay sample

The Evolution of Peekay in the Power of One Think back to when you were five years old. Were you sent to a boarding school with kids a couple years older than you? Were you persecuted and bullied for being a â€Å"redneck† or for just being who you were? Chances are, the answer to these questions should be â€Å"no†. However, a small little boy growing up in Africa during the mid-1990s can probably describe every single tortuous day that he went through in this situation. His name is Peekay, and he is the narrator in Bryce Courtenay’s award-winning novel, The Power of One. Peekay describes his life form being a small five-year old boy to a teenager. Along the way, he meets many mentors and friends, such as Hoppie Groenewald, a champion boxer, â€Å"Doc†, a retired professor, and Geel Piet, a boxing coach. With the help of his mentors and friends, Peekay evolves from being an unsure little boy into a mature young man – living life without camouflage, with the ability to overcome adversity and strong faith in the power of one. We will write a custom essay sample on The Evolution of Peekay in the Power of One or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In Book One, Peekay hides behind a wall of camouflage in order to protect him from anything set out to threaten his survival; however, with the help of mentor Hoppie Greonewald, he overcomes his dependence on it. Camouflage, or to conceal something by making it match its surroundings, especially in appearance, is what most high school students try to do while on campus. They try to blend in, and not be the odd person out. Peekay does the exact same thing during the first half of the novel. In his first boarding school, Peekay learns that to stand out is dangerous and disappearing into the masses is the best camouflage. In fact, he becomes quite good at it. â€Å"I had become an expert at camouflage. My precocity allowed me, chameleonlike, to be to each what they required me to be. (Courtenay, 472). Peekay frequently needs to present himself in various guises in order to survive the system. He compares himself to a chameleon that is so adept at camouflage that he can submit his own will to that of everyone else. However, we see Peekay become antsy – he has the desire to become a champion, and he must find a way to camouflage while still a winner. He poses this dilemma in the following statement: My camouflage, begun so many years before under the persecution of the Judge, was now threatening to become the complete man. It was time to slough the mottled and cunningly contrived outer skin and emerge as myself, to face the risk of exposure, to regain the power of one. I had reached the point where to find myself was essential. (472). After years of being subjected to the Judge’s gibes, Peekay finally realizes that it is time that he reveals his true self and face whatever challenges appear along the way. He receives help by stumbling upon Hoppie Greonewald, a train conductor and boxing champion. Hoppie only spends a day with Peekay, but teaches him many important lessons. His idiom, â€Å"First with the head and then with the heart, that’s how a man stays ahead from the start† stays with Peekay throughout his life (103). It is a saying that Peekay uses to defeat his opponents in boxing matches, and it is one that inspires him. Hoppie also gives Peekay something much more important and valuable: the power of one. Peekay notes, â€Å"Even though Hoppie had passed briefly through my life†¦. he had managed to change my life†¦. Hoppie had sensed my need to grow, my need to be assured that the world around me had not been specially arranged to bring about my undoing. He gave me a defense system, and with it he gave me hope. † (103). As a result, Hoppie’s gift of the power of one, along with his quote, gives Peekay the inspiration to defeat his need of camouflage. Throughout the novel, we see Peekay constantly battling adversity, and every time he manages to succeed, he is faced with more challenges. As a five-year old boy in a boarding school, Peekay is intimidated and bullied by the Judge and his friends, and he is subjected to cruel and harsh punishment. However, he does not let this faze him. He decides never to cry, because crying is a sign of weakness. After Peekay abstains from crying after watching his pet chicken and best friend Granpa Chook die, the Judge becomes frustrated. â€Å"Then he let out a howl, a mixture of anger and anguish. ‘ Why don’t you cry?. ’ he sobbed and started to kick blindly at me. † (50). This is the first of many challenges that Peekay overcomes. Showing the Judge that he will not cry takes guts and willpower. Later in the novel, Peekay exacts his revenge on the Judge by knocking him unconscious and inscribing his name on the Judge’s body. Another challenge that Peekay overcomes is his rejection by Oxford, a prestigious college, for a scholarship. This seems to surprise everybody, especially after Peekay had done great in the interview and scored high on the entrance test. The people around me became accustomed to me winning. It was a habit that they shared, an indulgence they took for granted. I could see they were shocked and bitterly disappointed that, their having done their part, I had somehow failed them. Miss Bornstein and Mrs. Boxall were distraught beyond belief, having quickly convinced themselves of some kind of plot. 466-467) Peekay does not let this bring him down. Instead of accepting other scholarship offers, he decides to take a year off and work in the mines of Northern Rhodesia. He becomes a â€Å"grizzly man†, or a person who works with explosives along with having to be on watch for long periods of time. Peekay uses his boxing skills to excel at being a grizzly man. Peekay is a strong-willed boy, and he will not let adversity bring him down. Whether it is being bullied by kids at school, or not getting a scholarship to Oxford, he finds a way to fight through the pain and sorrow. Peekay develops more and more natural instincts to overcome adversity as the novel continues. The power of one is something that Peekay uses throughout the novel as inspiration and guidance. The belief of the power of one is perhaps the prominent theme in this novel. Peekay refers to it time and time again. He receives the power of one from Hoppie, a champion boxer who spends a day with Peekay. â€Å"He had given me the power of one – one idea, one heart, one mind, one plan, one determination† (103). Peekay develops the power of one to help him focus on his future goals, endure current hardships, and influence those around him. This holds true in the end of the novel, where Peekay and the Judge coincidentally meet again in a bar. After a fight, which he wins, Peekay exits the bar, and stands alone outside. He then narrates the last paragraph of the novel, in a calm and collected tone. I walked slowly toward the western-style salon doors and then out of the Crud Bar. Outside, high above me, a full moon, pale as skimmed milk, floated in a day sky. I felt clean, all the bone-beaked loneliness birds banished, their rocky nests turned to river stones. Cool, clear water bubbled over them, streams in the desert. 513) Peekay spends the last moments of the novel by himself, demonstrating the power of one one idea, one heart, one mind, one plan, one determination. He completes his payback on the Judge using the ideas that he had learned from his many mentors. Using Hoppie’s idiom, â€Å"First with the head and then with the heart† (103), and Doc’s many teachings of life and the mind, Peekay gain s a psychological advantage on the Judge. He plans his moves out perfectly, using combinations of boxing moves such as the â€Å"Geel Piet Eight† and a â€Å"Solly Goldman Thirteen† to finish the Judge off. Finally, he uses determination and the willpower to never give up and finish the fight. The power of one, a well-documented idiom throughout the novel, is embraced by Peekay as an inspiration and guidance through times of hardship and adversity. Peekay, once an insecure, troubled adolescent, grows into a confident, poised, young adult living without a guise, triumphing over challenges and difficulties, and believing in the power of one. He overcomes his dependency on camouflage thanks to the help of Hoppie Greonewald, and he defeats adversity and hard times by grinding it out and making instinctive decisions that ease his troubles. Finally, he uses the power of one as the goal for his life, which he eventually achieves at the end of the novel. Peekay’s transition from a timid boy into a mature young man is a true inspiration to many young adults today. Peekay coins the phrase, â€Å"Never give up† with his â€Å"don’t quit† attitude and his knack of getting back up when life knocks him down. He not only survives, but becomes a champion and a leader by using the belief of the power of one.

Essay Sample on School Safety in America

Essay Sample on School Safety in America School safety has become a hot issue that it is being discussed with a lot of emotion. Fear of violence occurring in school has gripped most schools in America and generally the world over. Even then, there are varied responses to perceived increase of school violence. Many schools have responded to the increase in school violence in a variety of ways. To improve safety, many schools have implemented measures such as installation of monitoring security equipment. Everybody in a school community has a responsibility in creating and maintaining safety (Chaddock 2000). Schools are supposed to implement, assess and evaluate means that ensures best practice in order to enhance safety. As I pointed out earlier above, many states have laws requiring schools to carry out self assessment safety measures. According to the Education Commission, best practices can encompass a wide rage of safety objectives (Chaddock 2000). Safety and security are supposed to be clear in their direction, efficient and effective. Schools are supposed to have a comprehensive safety and security procedures, understandable code of ethics of students which should be communicated to students and their parents. Schools are supposed to identify, reduce and protect other schools from students who have tendencies to violent and/or disruptive behaviors. Another objective is to ensure that the school educational facilities together with equipment are secure and are in perfect working condition More often than not, safety is compromised when equipment such as in laboratory are not properly documented and correct procedures followed. It is also important to ensure that schools undertake safety measures when transporting students and staff (Chaddock 2000). If you need a custom essay, research paper, thesis, term paper, dissertation on any discipline feel free to contact our professional custom writing service.

How to Capitalize the Earth, Sun, and Moon (Plus Other Celestial Objects)

How to Capitalize the Earth, Sun, and Moon (Plus Other Celestial Objects) How to Capitalize the Earth, Sun, and Moon (Plus Other Celestial Objects) The night’s sky can inspire many thoughts. A scientist might dream of finding a new planet. An artist, on the other hand, may find the beauty of the stars captivating. But as proofreaders, our minds immediately drift to capitalization. So join us for a look at when to capitalize celestial objects. Proper Nouns in Space When we say â€Å"celestial objects,† we basically mean â€Å"naturally occurring space stuff.† This includes planets, stars, moons, galaxies, comets, and pretty much anything else that you might see in space. Everything in this picture, then. You just have to zoom in a lot to pick anything out. We capitalize the name of a celestial object when it is a proper noun. Or in other words, we only start a word with a capital letter if it names a specific celestial body, not just a type. So, for instance, the word â€Å"planet† is a common noun (i.e., a type of celestial body). â€Å"Uranus,† meanwhile, is a proper noun (i.e., a specific planet). As such, we don’t need to capitalize â€Å"planet,† but we do use a capital letter at the start of â€Å"Uranus.† Other examples include: Common Noun Proper Noun planet Mars, Venus, Saturn moon Europa, Titan, Callisto star Polaris, Rigel, Sirius galaxy Milky Way, Andromeda comet Halley’s Comet, Hale-Bopp nebula Orion Nebula, Crab Nebula The key in most cases, then, is to think about whether you’re naming something generic or specific. However, there are a few words that can cause confusion, including â€Å"earth,† â€Å"sun,† and â€Å"moon.† How to Capitalize Earth, Sun and Moon Certain â€Å"space† words can be either common nouns or proper nouns. When we say â€Å"the moon,† for example, we’re usually referring to the round object we see in the night’s sky. However, other planets have their own moons, so how do you capitalize this term in those cases? Or others like it? Sadly, there is no single â€Å"correct† approach here. NASA, for instance, say: Capitalize â€Å"Moon† when referring to Earth’s Moon; otherwise, lowercase â€Å"moon† (e.g., â€Å"The Moon orbits Earth,† â€Å"Jupiter’s moons†). But other style guides, such as MLA, suggest only capitalizing terms like â€Å"moon† when they appear in a sentence alongside other proper nouns (e.g., â€Å"The planet Mercury is larger than the Moon†). Ultimately, this may come down to which style guide you are using (or personal preference). Generally, though, we favor the MLA approach. This means only capitalizing â€Å"earth,† â€Å"sun,† and â€Å"moon† when you are both: Referring to the Earth, its Moon or its Sun (not other moons or suns). Using the term alongside other capitalized celestial objects. So, following these rules, we would capitalize these terms as follows: The sun is shining brightly today. What on earth are you talking about? The moon is almost full tonight. The Earth is much closer to Mars than the Sun. You should not, of course, capitalize â€Å"earth† when referring to dirt or the ground. That kind of â€Å"earth† is always a common noun. Summary: How to Capitalize Celestial Objects As a rule, you will only need to capitalize celestial objects when they are proper nouns. In practice, this means: Using a capital letter with the names of specific objects (e.g., Saturn, Mars). Not capitalizing generic objects (e.g., planet, star, galaxy). This becomes a little more complicated with the words â€Å"earth,† â€Å"sun,† and â€Å"moon.† The rules here vary between different style guides and institutions, but we tend to capitalize these terms only when: Referring to the Earth, its Moon or its Sun (not other moons or suns). Using the term alongside other capitalized celestial objects. The most important factor, though, is applying a consistent capitalization style throughout your work. And if you’d like a professional to check your writing, submit a document for proofreading today.

SHOULD ETHANOL BE REQUIRED IN GASOLINE Research Paper - 1

SHOULD ETHANOL BE REQUIRED IN GASOLINE - Research Paper Example Since last two three decades scientists, however, have been expressing their concerns over the over use of fossil fuels. Since coal, gas or natural energies are non-renewable and over the year’s excessive use of these fuels have caused huge depletion of these, this golden age of fossil fuel power can not run for long. Time has come to seriously think upon alternative sources of energy for the future as possession of huge amount of energy is a requisite for any kind of human civilization. Looking at the depletion rate of fossil fuels it has become quite evident that future will embrace renewable sources of energies to keep the high pace of development of human civilization. Being environment friendly these energy sources will also be able to provide mankind with a more pleasant and safe environment to live in. Here comes the importance of ethanol as it is a renewable fuel. Ethanol can be produced from various kinds of agricultural feeds like sugarcane, agricultural residues, an d wastes of forestry wood. However, sometimes, it is also produced chemically from chemical components like ethane or ethylene. (Onursal and Gautam, 1997; Srinivasan and Saravanan, 2010) The molecular structure of ethanol comprises of C, H and O and it is chemically known as C2 H5 OH. Ethane has very well defined chemical as well as physical properties. Ethanol has the capacity to be used as fuel for transportation purposes in its original form. It is also quite able to get blended easily fossil fuels like gasoline. Today, many cars are no longer using pure gasoline as the source of energy, but they are using a blend of ethanol and gasoline. (Onursal and Gautam, 1997) Currently, the interest in using ethanol as an alternative fuel option has increased significantly. As a result production of ethanol is also taking at a faster pace than before. At present, most of the ethanol is being produced from renewable stocks for minimizing CO2 emissions in the air. CO2 is greenhouse gas that i s responsible for global warming. The addition of ethanol to gasoline helps in the increase of the octane number in the blended fuel form and produces some changes in the distillation temperature. (Onursal and Gautam, 1997) Although addition of ethanol to gasoline is being increasingly considered to be an alternative of pure gasoline, there are some arguments against having ethanol in gasoline. In the presence of widespread debate regarding the use of ethanol in gasoline, the purpose of this study is to find out whether it should be right to use ethanol in gasoline. Thus the thesis statement of this paper can be presented as follows: Ethanol should be used as an alternative fuel option and it should be there in gasoline in appropriate proportion. Here some efforts will be made to check the cases for and against having ethanol in gasoline. On the basis of the findings, a conclusion will be made with respect to the thesis statement of this paper. (Onursal and Gautam, 1997) Arguments f or having ethanol in gasoline In near future fossil fuels will no longer rule the energy sector of the world given the alarmingly fast rate of their depletion. The golden age of fossil fuels will come to an end very soon and different sorts of other power sources, particularly renewable sources, will replace fossil fuels and also play an important role in making the environment more clear. Alcohol like ethanol has some advantages in their use as an energy source over

Rumours by Fleetwood Mac Research Paper Example | Topics and Well Written Essays - 2500 words

Rumours by Fleetwood Mac - Research Paper Example For purposes of this analysis, this essaywill seek to review and shed a level of understanding onto the bands 11th studio album entitled â€Å"Rumours†. As with many of their previous albums, Rumous experienced a wide degree of success and was certied fo thave sold over 40 million copies worldwide. Such a massive commercial success indicates that the ablum and the band themselves had a profound effect on the formation of American culture during the turbulent 1960s and 1970s. As a function of this impact, the proceeding analysis will consider the cultural role that the album and tha band has had on the American dynamic. Seeking to quantify the impact of the album of course requires one to reqalize the impact of the times in which it was recorded as well as understanding the unique dynamics that existed between the individual musicians at that time. Ultimately, what the band was most interested in, like most profitable musical acts, was to further the commercial success they had experienced within the past decade. As a function of moderate to wildly successful album sales for the past 10 albums that had been released, the trio of vocalists to engage in the commissioning and production of an 11th album. What is unique about the process that led to the creation of the 11th album is the fact that the band was ultimately struggling with a form of self destruction/headonism, interpersonal conflict, and the pressures that year after year of being on tour as well as the emotional strain of living a life of wreckless abandon necessarily entails. Moreover, the band members engaged in the highly successful vision of deviating, at least slightly, from their previous albums while at the same time not alienating their fan base in the process by presenting them with sounds that were too different from what they had come to love and from what had ultimately made Fleetwood Mac a staple of 70s rocknroll. Culturally, the album itself cannot and should not underestimated. Firstly, in order to understand the cultural influences that gave rise to the album itself, the reader should consider what was taking place in and around the world as well as in the United States in 1976. At this point, the

A View From The Bridge Essay Example for Free

A View From The Bridge Essay A View from the Bridge was written by Arthur Miller in 1955. The play is a modern tragedy with some elements of an Aristotelian tragedy. The play is set in the 1950s in the gullet of New York which is Red Hook.  In this essay I am going to explore if the protagonist, Eddie Carbone, is guilty for his downfall; which then leads to his death. A tragic hero has a fatal flaw which leads to his downfall, in Eddies case, he is attracted to his niece. This causes him to be overprotective and not let her meet anyone else, as he wants her for himself. The tragic heros downfall is brought about by ignoring advice; In Eddies case, he doesnt listen to Alfieri, the lawyer and chorus of the play, when he tells him to let Catherine go. My first impression of Eddie is a tall, big and quite overweight man, with little hair and a slowly dying face. He is an outgoing and hardworking man who provides for his family. I got some of these impressions because the chorus, Alfieri, describes him as, He is forty a husky slightly overweight longshoreman. The first person he talks to in the play is his niece, Catherine. At first he is caring when he comments on her new dress. But then he becomes a bit protective about her wearing it as he thinks it is too short and that men outside would stare. He is also reluctant to let her to go to work at first but when he sees she is sad he lets her do it, which shows us that he is more willing to make his niece happy than his wife. He talks to his wife, Beatrice like he would to any other wife but he does not go over to her to give her a hug or a kiss, just simply tells her something. But when he does, he sometimes holds her hands affectionately. This tells us that he expresses his feelin gs more easily in gestures than in words. Before Marco and Rodolpho arrive, Eddie is not too fond of them staying at his house, he complains that he may end up sleeping on the floor because of them. But then he talks about it being an honour for letting them stay over. When the cousins actually arrive, his attitude towards them changes dramatically. Earlier on he was saying Listen, as long as they know where there gonna sleep, and when they arrive he greets them;  Youre welcome, Marco, we got plenty of room here. Katie, give them supper, heh? Later on he only comes to address Marco only as he realises that Catherine is attracted to Rodolpho. He is coming more and more to address Marco only. He notices this as she keeps talking about Rodolphos facial appearance. The fall of Eddie Carbone begins when the cousins moved in. Rodolpho and Catherine are instantly attracted to each other, which angers Eddie very much as he is also attracted to her. Beatrice worries that Eddie dislikes Rodolpho because he likes Catherine, he responds, He sings on the ships, didja know that? This gives us a hint that he is trying to find things wrong with Rodolfo.  After this he visits Alfieri, the lawyer. He goes to ask him if he would be able to stop Rodolfo and Catherine marrying each other, but Alfieris advice to him is the child has to grow up and go away, and the man has to learn to forget. Because after all, Eddie what other way can it end? One other thing that Alfieri says hints at the truth, She wants to get married, Eddie. She cant marry you, can she? Eddie replies Whatre you talking about, marry me! I dont know what the hell youre talking about! He obviously knows what hes talking about, and Beatrice knows as well. The violent reaction from Eddie shows us that he fells ashamed that he loves his niece and fears that he will lose his dignity and respect.  Eddie doesnt listen to his advice but leaves the office in a dilemma. Knowing he cant do anything about Rodolfo, his attitude towards him changes dramatically. He stops talking to him in a civil manner and only speaks to mock him, such as when Rodolfo says, Lemons are green, and Eddie replies, I know lemons are green, for Christs sake. He says this almost to point out that Rodolfo is stupid. Every time he criticises Rodolfo he seems to look for support in his older brother, Marco. When he tries to teach Rodolfo how to fight, we see Marco being protective of his brother. When Eddie tries to land a punch on Rodolfo, the stage directions say it mildly staggers Rodolfo, Marco rises. After they have finished, Marco has his own test of masculinity. Marco says Can you lift this chair, a seemingly easy task. But Eddie cannot complete it and Marco carries on with showing him as the stage directions say, Rodolfo and Catherine have stopped dancing as Marco raises the chair over his head. Marco is face to face with Eddie, a strained tension gripping his eyes and jaw, his neck stiff, the chair raised like a weapon over his head and he transforms what might appear like a glare of warning into a smile of triumph. This shows us that Marco is no longer in support of Eddie and it is also a sign that he will defend and protect his brother if he is harmed. This leaves the audience tense at the end of Act One, which will make us focus more on the play. We become anxious about what happens from here on. We also know that a tragedy or something that will lead up to it, is going to occur in the beginning.

The Mosaic of American Culture, Its No Melting Pot Essay example -- S

The Mosaic of American Culture, It's No Melting Pot Culture is a behavior that consists of several critical elements, such as language, religion, race and ethnicity, clothing and politics. Culture is what one does in his/her daily life. In order to understand others, we must first keep in mind that every culture carries its own set of values and assumptions. Culture is an evolving, ever changing civilization, which includes several different groups people. For immigrants, America is a land of opportunity; for others it is just the best country in the world because of its economic success and/or its democratic political system. Americans usually value independence a lot, believe in equal opportunity, and have a direct communication style. In exploring the future American society, specifically regarding relationships among various communities of racial, ethnic, and others we are groping for an image. Some hold on to the notion of a melting pot, in which all groups would be assimilated into one homogeneous American amalgam. As I see it, the image of a mosaic, if properly understood, serves better than a melting pot. The immigrant population within the United States is not being blended together in one ?pot, but rather they are transforming American society into a truly multicultural mixture where every person acts as a piece in a Mosaic. When looked in closely you will see people with different cultures, but when looked from a far distance you will not see a specific cult...

A Woman Made a Yemeni Future

A woman made a Yemeni future The Republic of Yemen is one of the poorest countries in Arab world. Recently, Yemeni politic was rule by plain dictatorship for a long term. The economy is poor and corruptions were rampant in Yemen. Hence the Yemeni people made a decision to stand up to establish a democratic government. The Yemen uprising was up on January 2011 in Sana'a University which is in Yemen's capital. The leader of the protests was Tawakel Karman from Yemen. This essay will explain who Tawakel Karman is and why her accomplishments were recognized to the Nobel Peace Prize committee.Tawakel Karman is one of the greatest political activists in the world. She was born in 1979 in the port town of Taiz, which face with the Red Sea. She has been active  in searching for  freedom of expression  and  women rights in the Arab words. At the same time, she is a journalist and  a member of the  Al-Islah, which is  the largest  opposition party in Yemen. Tawakel and the prot esters   shouted ‘Day for rage’ among the troops and armed government officers at the seaport of  Aden  in northern  Yemen.?She is one of the three persons who won the Nobel Peace Prize in 2011 and became the first woman from Arabia to be awarded the prize. She has  continued to regularly partake in protest  activities to  insist on  freedom of expression  and women rights  over the past five years. The Nobel Peace Prize  Committee  in Norway admired  her achievements of â€Å"seeking  full  attribution  to the society,  claiming the  safety  and rights  of women  without violence†. In the social background of the affair, there was huge discontent towards the long term dictator government in the Arab worlds.?Thus, she decided to lead not only the victims of ‘The Arab Spring’ but also all the people who deserve better human rights. Thus, Tawakel Karman’s achievements have brought great changes not just in Yemen but in many other Arabian countries too. There are three reasons why Tawakel Karman's achievements were deserving for winning the Nobel Peace Prize. First, she made contributions to improve Yemeni human rights and freedom of expressions, which were in a nonviolent way.Despite of the Yemeni dictator Saleh resorted to arms, she pressed for the improvement in social affair, which were great things. For example, she led a huge number of the Yemeni people and chanted their slogan in chorus again and again. Those incidents were broadcasted all over the world and aroused sympathy from many people. She indicated the Yemeni people's strong intensions through an interview. ‘We Yemeni people do not yield the dictator-ruled government and we want freedom in a peaceful way. ‘ Second, she insisted that the Yemeni woman should be liberated from Yemeni traditional dress codes.For example, by taking off her headdress and showing her face, she insisted that the dress code is enfo rced not by Koran, but by male-dominated Yemeni society. Her smiles were different from what we Japanese are used to have seen, she looked very confident. However, if she did not insist the importance to break away from such a bad custom, Yemeni woman still could not share their real feelings. That is to say, they would be forced to un-sensitive communication. If I were a Yemeni woman, I could not stand such a small world and might have gone insane at least.Finally, she co-founded the human rights group ‘Woman Journalists Without Chains' to make the Yemeni woman belong to all of the Yemeni society with safety. For example, she made full use of social network like a mobile phone to share her opinions and activity to the world. The Yemeni dominated social network looked like the Japanese painted textbook; General Headquarter censored and painted out the Japanese publications to hide the information, which they did not want to be known after World War 2 was ended.If I could not e xpress what I want to say, nobody would understand myself. For the each reasons I stated above are about Tawakel Karman's achievements to break away from the Yemeni social pressure in an amicable way. There is no Yemeni happiness without her achievements. Consequently, Tawakel Karman is indispensable for the Yemeni people and that is why her accomplishments were recognized the Nobel Peace Prize committee. (721words)

The Life of Susan Brownell Anthony

She is a leader, an advocate, a reformist, an educational reformer, a labor activist, a seeker of justice, a fighter of freedom, a crusader, a humanitarian, a rebel and most of all, a woman of suffrage. Susan B. Anthony led the life of struggles as she pushed forth the rights of women as equal citizens, amidst the dominance governing of men of her time. The Early Life Imagine a long line of Green Mountains, rushing streams tumbling through rocky gorges, beautiful meadows and forests, old bridges coupled with pleasantly old-fashioned farmhouses and roadways.This picturesque scenery is where Susan B. Anthony was born, a second child and second eldest to Daniel and Susan Read Anthony of Adams, Massachusetts on February 15, 1820. She grew up in the loving and welcoming arms of her mother and father. Although she lived in a somber and quiet home, theirs was a home filled with respect, affection and great comfort. Susan as a child is precocious, brimming with intelligence and life. At an e arly age of three she was taught to spell and read.She has great ambition and does things that are considered beyond a girl’s capacity. Her father, one of her greatest influences was as a manager of a milling company and an abolitionist enthusiast at that time. At the age of 10, she was permitted by her kind and charitable mother to accompany his father in his work and at the age of eleven was able to detect the injustice seen on women (Harper, 1969). She noticed a worker named Sally Ann who was exceptional in weaving not rising to a position of an overseer.A man named Elijah, who was the overseer at that time, kept going over to Sally Ann when dire situations come and in turn Sally Ann always manages to deliver and correct the problems. And so when she asked her father why ever Sally Ann never got the position as an overseer, he replied that it’s because she was a woman, the dissatisfaction of Susan grew up in a place filled with women. Most of the mill’s weave rs were young girls and as custom, they reside with the millowner.Susan together with her mother took care of these women and cooks and packs a dinner pail for them. Education was very important in their household. When the family moved to Battenville, there is an old fashioned district school taught by a man in winter and a woman in summer, however their views on teaching a girl lessons that were never insisted upon her such as Mathematics pushed her father to build a private school employed with the best teachers and only admitted children willing to associate with his own.Girls were taught sewing, spelling as well as reading. Susan at the age of 15 became a teacher herself. This caused much debate from their neighbors for women are only employed or only work when situations are pressed upon them. In her time, women’s values as equals were ignored and the right to vote where given to a chosen few, however this was not the case in their household and Susan never forgot the m ark that forever instilled her to fight. Issues of slavery also intermingle, she once heard her father saying never to buy cotton raised by slavery.She joined meetings and conferences along with her father by the time she was old enough and thus began her quest for freedom (Lutz, 1959). The Susan B. Anthony as an Abolitionist Members of Susan Anthony’s house during Sundays would meet at their farm where they were occasionally joined by Frederick Douglass and William Lloyd Garrison. In 1956 she became an agent of American Anti-Slavery Society wherein she’s active in conducting speeches and meetings. As a result she was mobbed, threatened. She was hung in effigy and her image was dragged around the streets.In 1963, together with her closest friend, Elizabeth Stanton that she met on 1951 created Women's National Loyal League wherein they fought for the rights of Black women as full citizens by means of being allowed to vote. They were bitterly disappointed when their peti tion didn’t appear in the Fourteenth and Fifteenth Amendments, however continued their campaign in her newspaper The Revolution that she herself is the editor and publisher. An Educational Reformer At the age of 26, Susan Anthony was the head of the girl’s department at Canajoharie Academy fro two years earning $110 a year.It was in 1953 that she called for a convention in which pinpoint the issues regarding better pay and positions for women. She reiterated that it should be so because men and women’s minds are of no difference so better opportunities should also be given to women ad ex-slaves such as education and equal treatment. One of her most memorable exploits was during the 1890’s, when she raised $50,000 to secure the admittance of women in the University of Rochester putting her life insurance policy in value to meet up the deadline.The said University was forced to submit due to their promise and as a result, during 1900’s women were adm itted for the first time. As a Labor Activist In her paper, The Revolution she promoted the eight-hour day and equal pay for equal work which in turn promoted the purchasing of American-made goods and immigration in the South and resettle in the country. She encouraged women to form unions that will secure their right as workers and spearheaded the Workingwomen's Central Association in 1970. As a Temperance Worker Her family always condemned the drinking of liquor.Back when she was a head of the girl’s department, she joined the Daughter of Temperance, a movement that notifies the public of the effects of liquor on families and campaigned for a law against it. There was a time when she had been refused to speak in a convention and in turn she walked out and held a convention of her own. Together with Elizabeth Stanton, she formed another organization and fought their way to the creation of laws against liquors. A Woman Suffragist and a Campaigner Anthony believed that in orde r for men and women to become equal, a necessity for women to be allowed to vote should be in order.It symbolizes the capacity for women to decide and at the same time be acknowledged of their worthiness. It was the onset of voting in 1872 that she defiantly casted her ballot in the presidential elections and was arrested because of it. In turn she denied that it wasn’t a crime and refused to pay for the penalty. She argued that she was merely exercising her right as a citizen of the country and recited the preamble of the federal constitution wherein she stressed that the citizens of the country, not white men or male men forms the union.It was in February 15, 1906, at the age of 86, Susan B. Anthony died. Ten thousand mourners grieved for her. In her later years she had extensively traveled the world seeking for woman empowerment. She was able to organize 48 countries with the same cause. It was 100 years after her birthday that 19th amendment was passed on, extending the r ights of women to vote. A Conclusion In the end, it is safe to say that Susan B. Anthony is truly a woman ahead of her time. She might have lived a life full of struggles but she had lived on to the fullest.She had fought her way against the system in order to right what she thinks is an injustice. In the end, she is truly a hero and a martyr that maybe in one way or another, had not been not much credited upon. She is a symbol of truth and a mother of all women. She represents the women of today that now know how to fight for their rights. She had gone a long way but in the end, she fought hard and won hard. Her legend lives on as women continue to uphold their worth as women in the society, amidst the onslaught of injustices and oppression.The fight still continues as long as there are still those who suffer. References An Account of the Proceedings of the Trial of Anthony, on teh Charge of Illegal voting, at the Presidential Election in November, 1872. Rochester: Daily Democrat a nd Chronicle Book Print, 1872. Reprinted 2002 by The Lawbook Exchange Limited. Biography of Susan B. Anthony. Retrieved January 18, 2008 from http://www. susanbanthonyhouse. org/biography. shtml Harper, Ida Husted. (1969) Life and Work of Susan B. Anthony. New YorkL Arno, 1969. NOTES: Reprint of ten 1898-1908 ed.Holland, Patricia G. â€Å"Susan B. Anthony. † Microsoft ® Encarta ® 2007 [DVD]. Redmond, WA: Microsoft Corporation, 2006. Linder. Doug (2001). The Trial of Susan B. Anthony for Illegal Voting. Retrieved January 18 2008 from http://www. law. umkc. edu/faculty/projects/ftrials/anthony/sbaaccount. html Lutz, A. (1959). Susan B. Anthony: Rebel, Crusader, Humanitarian. Zenger Publishing Co. Inc. Washington D. C. Susan B. Anthony. (2006). American Atheist. Retrieved January 18, 2008 from http://www. atheists. org/Atheism/roots/anthony/

My Hypothesis is that Boys in Year 10 are better at estimating lengths of straight lines than Boys in Year 7 Essay Example

My Hypothesis is that Boys in Year 10 are better at estimating lengths of straight lines than Boys in Year 7 Essay Example My Hypothesis is that Boys in Year 10 are better at estimating lengths of straight lines than Boys in Year 7 Essay My Hypothesis is that Boys in Year 10 are better at estimating lengths of straight lines than Boys in Year 7 Essay Essay Topic: Thesis My Hypothesis is that Boys in Year 10 are better at estimating lengths of straight lines than Boys in Year 7. The factors that influence the accuracy of estimation are children in Year 10 are more mature than children in Year 7. On average Children in Year 10 are more intelligent than children in Year 7. This probably would be because Year 10 students have studied subjects into further depth than children in Year 7. METHOD To verify this I will do a sample of the boys in our school. To do this I will find the total number of children in our school and sort it out according to Y10s and Year 7s. I will find out this information by going to the school office and finding out the figures. Out of this population, I will do a stratified sampling of 60 children. To do a stratified sampling of 60 children in the whole school, I will find the proportion of boys in Year 10 and Year 7. STRATIFIED SAMPLING In a stratified sample, the population is first divided into categories and the number of members in each category is determined. The sample is then made up of these categories in the same proportions as they are in the population. Random sampling chooses the required numbers in each category. In a random sample, every member of the population has an equal chance of being chosen. To obtain a sample of 60 students stratified according to Year 10 and Year 7; I will have to calculate the number of boys from Year 10 and Year 7, which must be represented in the sample. A Sample of Students Year Boys Boys 10 110 33 7 89 27 TOTAL 199 60 Altogether there are 1013 (one thousand and thirteen) students in our school. To work out the proportion of boys in Year 10 and Year 7, First of all I found out how boys were in Year 10 and Year 7. I added these together to get 199(one hundred and ninety-nine). Then I got the number of boys in each year and divided it by the total (199) and then multiplied it by 60(sixty). I rounded this answer to a whole number. This is because it would be an easier number to work with and you cannot round people to decimal places or significant figures. In my survey, I went to the school office and I got all of the boys names in Year 10 and Year 7 on two separate pieces of paper. By each name was a number. To find out which boys from Year 10, I had to ask to estimate the length of the straight line, I put all the boys names in Year 10 in a hat and picked the amount of boys needed to estimate the length. I did the same with the Year 7 boys. I already knew how many boys I needed to ask from each year because I had already done a stratified sample and worked out the numbers needed. Example 1: In Year 10 there are 110 boys. . Example 2: In Year 7 there are 89 boys . Now I have collected all the information, it is time to do my Survey. I will draw an accurately measured line and ask the proportion of boys in Year 10 and Year 7 to estimate the length of the line. I found out the proportion of the boys in Year 10 and Year 7 by doing a stratified sample. My next step is to do a pilot study. I will ask about five boys in Year 7 and Year 10 to ensure my coursework is done to a high-quality standard and my question does not seem to force an answer out of them. From the pilot study I will also be able to tell if my survey is grammatically correct. When I say this, I mean if the spelling, punctuation, and grammar are all correct. SPECIFICATIONS FOR MY SURVEY Paper with survey must be held approximately the same distance from each participant so that everyone sees the survey as well as each other. If the survey is held closer, it may give the student a better idea of the lines length. Weather conditions must be similar if it is cloudy, there is less light for the contestant to see the paper with and they are not given as good a view as if it were a sunny day. Survey must be done during school hours so that most of the subjects are in a similar frame of mind. No items of measurement should be nearby, so that the subject has nothing to compare the line/angle to. 60 people must take part in the survey All participants must be asked whether they are able to see the diagrams clearly. Exactly the same words must be used when explaining about the survey The participant must spend no more than two minutes (after pilot study The student may not communicate with anyone else who is able to view the paper or who has done the survey. PILOT STUDY I performed my pilot study and I found out that my survey was done to a good standard was understandable and got to the point. The boys I tested it on commented that it was set out well and did not need altering. One thing they all asked me was, Did I get it Right or How much was I off by. This made me think for a while and in the end I concluded that I should a Deviation and a Percentage Error column in my results table.

How to Grow Orange Potassium Dichromate Crystals

How to Grow Orange Potassium Dichromate Crystals If youve mastered basic crystals, try growing an orange potassium dichromate crystal. Usually you have to use food coloring to get an orange crystal, but this crystal color is natural. Materials Potassium dichromateDistilled water Time Required Hours for seed crystal, weeks for larger single crystal What You Do Dissolve as much potassium dichromate as you can in warm water.Filter the solution, cover it, and allow it to sit undisturbed for several hours or until growth is observed. Alternatively, you could produce a seed crystal by evaporating a few drops of this solution in a shallow dish.You can grow a mass of crystals by just allowing the solution to evaporate, but for a large single crystal, decant the solution into a clean container whenever you notice growth other than on your seed crystal(s).You can control the growth of your crystal by changing the temperature of the solution or by controlling the rate of evaporation by the type of cover you put on the container (e.g., coffee filter has free airflow, sealing the container with plastic doesnt).The resulting crystals will be bright orange rectangular prisms.

Evaluate emerging trends in organizational behavior related to Essay

Evaluate emerging trends in organizational behavior related to high-performance workplaces and stress management techniques - Essay Example An organizational culture refers to a system of shared actions, values and beliefs that is present among the members of an organization. For example the corporate culture of Apple computers values the importance of innovation and creativity. Stress can be defined as tension from extraordinary demands, constraints, or opportunities (Schermerhorn, et al., 2003). There different stressors that cause stress in the workplace. Some of those stressors include task demands, ethical dilemmas, physical setting, and interpersonal problems. There are different techniques managers are using to deal with stress in the workplace. An emerging technique that is helping a lot of workers deal with stress is wellness programs. A wellness program involves maintaining a balance between physical and mental health. Providing the employees of a company with a gymnasium is an example of a wellness initiative that can help reduce stress in the workplace. People can reduce their stress by practicing relaxation techniques, meditation, or yoga. A simple way managers can help reduce stress in the workplace is by having several short breaks during a workday. References Schermerhorn, J., Hunt, J., Osborn, R. (2003). Organizational Behavior (8th ed.). New York: John Wiley & Sons.

Materials for a Business Jet Essay Example | Topics and Well Written Essays - 1250 words

Materials for a Business Jet - Essay Example In the paper, a comparison of the related costs of using the five different aircraft materials is shown. When using CFRP, there are also savings of assembling manpower. There will also be savings due to the reduced weight of using composite materials like CFRP and Kevlar.Maintenance cost of a material is determined by several variables. These include the density, ultimate tensile strength, tensile yield strength, durability (fatigue) and fracture toughness properties listed. In a comparison of the related costs of using the five different aircraft materials is shown, the properties of the five materials studied here are displayed. The aluminum alloys have properties which are specific to the number of the series they belong to. The alloy series is categorized by the metal that is the major alloying element. For instance, the 5xxx series aluminum alloys contain magnesium as the major alloying element. The 5xxx series alloys have moderate to high strength and good corrosion resistance. They are not heated treatable. Mechanical properties and strength are less desirable than in the 2xxx and 7xxx series. The 7xxx series aluminum alloys have zinc as the major alloying element. These alloys have the greatest strength of the heat-treated alloys. The 7xxx series alloys also have good heat-treating qualities. In a paper, the particular conditions and tempers used to obtain the material property values are as follows: For aluminum 7475, the T61 temper was used. For aluminum 5052, the H34 condition properties were used. For aluminum 2124, used T351 condition/temper. Kevlar K49 used for density, shear strength and modulus, and yield strength. For density and ultimate tensile strength, used Dupont Kevlar 49 Aramid fiber. For CFRP, data is for Type P-VSB-32 (Union Carbide) carbon fibers. Aluminum alloy 7475 has lower impurity limits than 7075. Aluminum 7475 is used for aircraft structures because of its good fracture toughness.

Personal Skills and Professional Development Assignment - 1

Personal Skills and Professional Development - Assignment Example 255). In the process, clientele and users use the professionalism of construction engineers to make sure the construction plans are efficient, safe, and within budget. Construction engineers normally see a task from the beginning through to the end. During this period, the construction engineer collaborates with several other professionals like inspectors and engineers. These collaborations involve the production of designs and details that the building team requires. The roles of construction engineers differ extremely from self-employed and minor buildings tasks to working with international construction firms (Institute for Career, 2010). Projects handled by such firms usually wind up being construction engineering milestones because of their immense budgets and meaning. The professional effort of construction engineers is essential from the earliest phases of a construction task. This effort can begin with coming up with concepts of the building or structure’s appearance, determining costs, evaluating the requirements of the building’s users, and figuring out its effect on natural surroundings. Construction engineers also aid in selecting a site for a project and collaborating with servicers at the construction site. Here, construction engineers make sure services carry out their work accordingly to meet set standards and come up with a sustainable, well-designed, and artistically pleasant structure or building. Construction eng ineers are also required to have knowledge of moneymaking and financial aspects of construction. I chose construction engineering under construction due to three key reasons. First, construction engineering involves invention. The way an inventor creates a new device or concept is similar to the way a construction engineer designs structures and properties (Careers in Construction,

Impact of Commercial Paper in the Indian Money Market

Impact of Commercial Paper in the Indian Money Market In todays competitive environment, firms find themselves in a perpetual race to acquire the cheapest source of finance to leverage their companies and gain a competitive advantage. All this is undertaken by companies to satisfy their masters – the shareholders. Finance is a very scarce commodity. A company can satisfy its funding needs generally through two sources namely, equity and debt. It is common practice to use a mix of both in the capital structure. Further the company may rely on two sources of finance – long term sources and short term sources. Long term sources of finance typically include – Shares, debentures, venture capital, public deposits, government grants, mortgage, retained profits, loans from financial institutions, loans from commercial banks etc. Whereas, short term sources of finance include – Overdraft, trade credit, factoring, cash credit, loans advances, discounting of bills, commercial paper etc. A very interesting segment of finance to note is that of money markets. It is an important component of financial markets and is a short term market with maturity period of 1 year or less. The most common instruments traded in the money markets include –treasury bills, certificates of deposits, repurchase agreements, commercial paper (CP) etc. Commercial paper is a short-term debt instrument of the money market. It is an unsecured promissory note with a fixed maturity of 7 to 365 days. It is issued at a discount and redeemed at par. The origin of commercial paper can be traced back to the late 19th century when it grew rapidly as a source of corporate financing until 1920s when it all but disappeared during the Depression. Momentum picked up after the Second World War and a notable incident in the commercial paper market was the Penn Central  [1]  failure which shook the market and temporarily halted its growth (Calomiris, Himmelberg, Wachtel, 1994). Commercial paper as a source of short term funds to Indian corporate sector was introduced from 1990 by the then government in the process of continuing reforms. The direct objective of commercial paper was to improve the short-term liquidity. That is by releasing the pressure on bank funds for medium sized borrowers and enabling companies with high credit ratings to rais e funds directly from the markets (Reddy, 1999). Commercial paper can be further categorized into financial and nonfinancial commercial paper. Nonfinancial commercial paper is issued by nonfinancial corporations, typically large industrial or service firms and utility companies. Financial paper on the other hand is issued by financial companies such as banks (Shen, 2003). From the investors point of view, commercial paper carries with it a great many advantages like low risk due to issuance by prime rated companies, limited reinvestment risk because the commercial papers are generally issued for a short time horizon thereby protecting the investor from large interest rate fluctuations. Investors are also keen on the fact that commercial paper gives higher yields when compared to other short-term investments such as treasury bills or certificate of deposits (Standard Poors, 2008). On the flip side commercial paper is not absolutely risk free, there are certain risks attached to commercial paper – credit risk in that the company may be unable to pay the investors on maturity though this is an extremely rare event, interest rate risk which arises due to the changes in the market interest rates. This risk is mitigated because most commercial papers are issued for short term and most of the investors hold onto the paper until maturity thereby they are unaffected by price movements. Rollover risk is also present because most papers are retired by the companies by making a fresh issue. This risk is also minimized by securing a bank line of credit. The major risk facing commercial paper is liquidity risk which affects the market as a whole. The whole market turns hostile, interest rates rise and the issuer becomes unable to rollover or make fresh issues (Standard Poors, 2008). To guide the investors in making rational and informed decisions, it is mandatory for the commercial paper issue to gain a credit rating from recognized agencies. Ratings give an idea as to the risk attached to the commercial paper and the overall picture of the firm. A substandard rating implies that the firm is extremely risky and there is probability that the firm may default on its payment. In U.S., the recognized credit rating agencies include Standard Poors, Moodys, Fitch, A.M. Best etc. In the commercial paper rating mechanism practiced by Standard Poors, a rating of ‘A1+ is the highest possible score meaning that the firm is creditworthy and there is no risk of default whereas a rating of ‘A3 and below notifies that the instrument is speculative or junk. In India, Credit Rating Information Services of India Ltd. (CRISIL) and Investment Information and Credit Rating Agency of India Ltd. (ICRA) are the reputed rating agencies. The other notable agencies operating in India are FITCH ratings and Credit Analysis and Research Ltd. (CARE). According to the RBI, for a commercial paper to be issued in India the company must have a minimum credit rating of P-2 as per the CRISIL rating scale or its equivalent. Rating is extremely important as the regulations laid down specify that money market funds can invest only in commercial papers having the minimum rating of P-2. Commercial paper scores over bank line of credit or short term loans in many aspects. A company that has high credit ratings enjoys many privileges – they can access lower cost commercial paper, flexible maturity periods to match their cash flow stream. Commercial paper in essence is an unsecured promissory note. Thereby, there is no lien created on its assets. Moreover, there is no limitation on the end-use of funds generated through commercial paper issue. They are traditionally favored as they are cheaper when compared to bank loan, as low as 3.5 % for three months 5.6 to 5.75 % per year. Banks cannot match this rate since their cost of funds itself works out to almost 6% (Pathak, 2009). Money market funds are the largest holders of commercial paper (Standard Poors, 2008). The other investors in commercial paper include trust funds, retirement and pension funds, insurance companies and other large firms having extra funds to invest in them. Individual investors find it difficult to deal in this market because commercial papers are usually sold in very large denominations. To overcome this, they invest in it through money market mutual funds. In India commercial banks were the subscribers of almost 80% of all commercial paper issues but that trend has been declining and as in the U.S., mutual funds are becoming the prominent investors. The recent financial crisis affected almost all the major economies around the globe. The U.S. was the epicenter of this financial earthquake. The recession had far reaching effects many companies folded, investment houses lost their prominence and were absorbed by larger entities and banks were bailed out by the government to avert an economic disaster. The commercial paper market first felt the effects of the crisis on August 2007 when the market contracted sharply as a reaction to the subprime crisis (Shrivastava, 2008). The crisis deepened during September 2008 beginning with the default of Lehman brothers. A large money market fund, the Reserve Primary Fund announced that it had suffered losses to the tune of $785 million as a result of holding Lehman Brothers commercial paper. This spread shockwaves through the entire market and investors were in a hurry to redeem their holdings. In a space of one month the total value of commercial paper outstanding reduced by 15% from $1.76 trillion to $1.43 trillion (Kacperczyk Schnabl, 2009). The Indian economy is intimately tied to the global economy; as such any fluctuations in the global market will have repercussions in the Indian financial market also. Global financial crisis manifested itself in India on January 2008 resulting in the crash of the Indian stock market caused due to the fleeing of FIIs (foreign institutional investors). The Indian commercial sector found itself in a race to acquire funds due to the drying up of several avenues of fund notably, external commercial borrowing. To counter this, bank finance in the form of investments in shares, bonds, debentures, commercial paper etc. expanded more than the previous year (Joseph, 2009). So on a contrast with the commercial paper market of America, the commercial paper market in India was on a rise during 2007. In the U.S., the Federal Reserve undertook unprecedented steps to stabilize the commercial paper market. Federal Reserve of New York introduced the Commercial Paper Funding Facility (CPFF) whereby the Federal Reserve would buy the paper directly from eligible issuers (Federal Reserve, 2008). In early January 2009 the Federal Reserve was the single largest purchaser of commercial paper and accounted to having almost 22% of the market. The facility purchases the commercial paper and holds onto it till maturity and the returns received upon maturity are utilized to pay off Federal Reserve of New York which had provided the capital to initiate the facility. At its peak the Federal Reserve held almost $357 billion worth of commercial paper, that holding was gradually reduced over the years and at the time of the withdrawal of the facility during February 2010, the amount had dwindled down to $3.94 billion (Zumbrun, 2010). In India, the commercial paper market is extremely healthy and as p er the latest outstanding figures it is 1,03,915 crores. 1.1 Aim of the project To understand the role of commercial paper in the Indian money market along with the changes in risk return and also the total outstanding during the period of financial crisis. 1.2 Need of the study India is the second fastest growing economy in the world. The policy makers aspire to attain double digit growth rate. During our review of literature we came to understand that no significant study had been undertaken to understand the effect of the financial crisis on the returns of commercial paper in India. Moreover, studies concerning commercial paper on a global level are also limited. We attempt to fill this knowledge gap. There is wide literature in the form of articles regarding the effects of the financial crisis on the American commercial paper market. We are attempting to understand if the effects of recession on the American commercial paper market have also affected its Indian counterpart. 1.3 Objectives of the study The following are some the objectives that we hope to accomplish during the course of our study. a. To understand the role of commercial paper as an instrument in Indian Money Market. b. To understand risk return movement of commercial paper in India during the financial crisis. c. Comparative analysis of risk return between American Indian commercial paper. d. Understand the changes in commercial paper outstanding of both American and Indian commercial paper market during the financial crisis. 1.4 Hypothesis There is a positive correlation between Indian U.S. discount rates. Indian U.S. commercial paper outstanding have decreased during the period of financial crisis. 1.5 Methodology The study is quantitative in nature. We will be relying exclusively on secondary sources of data, significantly the reports generated by the Reserve Bank of India. Statistical tools such as measures of central tendency, measures of variation and correlation will be used. 1.6 Limitations of the project The major problem being faced is scarce information regarding the Indian commercial paper market. Time constraint will limit the extent depth of the study. The data regarding commercial paper rates for both India and U.S. has been published only up to November 2009 at the time of study. 1.7 Chapter Plan The following is a brief summary of the chapters within the project. Chapter 1: Introduction – Provides a brief insight into the history, role and functioning of commercial paper as a money market instrument. This is followed by the aim, the need, objectives and a brief overview of the methodology followed by the limitations of the study. Chapter 2: Literature review – A broad review of literature which was deemed relevant to the study. The literature mainly comprise of empirical studies undertaken by various researchers. Chapter 3: Methodology and the methods – The data source, statistical tools are highlighted in this chapter. Chapter 4: Analysis and Interpretation of the data collected. Using the techniques mentioned in the methodology, a thorough analysis of the data is conducted. A brief interpretation is also provided. Chapter 5: Conclusion – Concludes the study with a summary of our findings. Chapter 2: Literature Review 2.1 According to Saurabh Ghosh and Narayan Chandra Pradhan (2009) The authors have tried to understand the determinants of WADR (weighted average discount rate) and how these determinants have affected their movement over the past 5 years after adjusting for seasonal fluctuation. The real and financial variables considered for the study were: Index of industrial production (IIP), Amount of CP issued, Cut-off yield 364 days, Call/Notice money, Sensex, Indian Rupees – U.S. Dollar exchange rate bank credit. A close movement and dependency was found out between WADR and the call rate the 364 day treasury bill yield. Although initially there wasnt much co-movement between WADR and the BSE Sensex, co-movements were noticeable after December 2005.The empirical results indicate that there has been an increase in the average monthly issuance, WADR and volatility of WADR over the years. However, around 80% of the commercial paper issued by companies over the last five years was from ‘Prime-rated companies. 2.2 According to Matthias Kahl, Anil Shivdasani Yihui Wang (2008) Firms access commercial paper market to enhance their financial flexibility. Firms use it to fund investment when attractive projects arise and they have insufficient internal funds. Another way in which commercial paper may be used to increase a firms financial flexibility is as bridge financing. They argue that commercial paper borrowing in positively correlated with investment expenditures and negatively correlated with cash holdings. 2.3 According to Pengjie Gao and Hayong Yun ± (2009) The collapse of Lehman brothers was followed by a virtual closing of the commercial papers market, followed by which a number of firms drew excessively on their remaining lines of credit out of fear that weakened banks would reduce their loan commitments. Aggregate commercial paper borrowing declined 15% after the collapse of Lehman brothers, but the effect was concentrated among firms with high default risk. High risk borrowers that were negatively impacted by the decline in the commercial paper market after Lehmans default substituted commercial paper with lines of credit. Low risk borrowers remained as they were. 2.4 According to Charles W. Calomiris, Charles P. Himmelberg Paul Wachtel (1994) The authors arrived at three conclusions. Firstly, there is a flight to quality during a downturn. Firms with strong balance sheets exploit this demand to reduce their cost of short-term borrowing. Secondly, firms in strong financial condition issue commercial paper during downturns in order to extend credit to other firms which may include customers of the firm. As the economy weakens, customers pay their bills more slowly and firms may extend more trade credit as a means of financing their customers short-term credit needs. There is evidence that commercial paper is used to finance trade credit. Finally, increased commercial paper issuance is used to finance inventories. Further, they established links between growth of commercial paper in relationship between the paper market and the commercial bank portfolios. At various times the growth of the commercial paper market was attributed to – (i.) Banks with weak loan demand that were searching for an alternative asset. (ii.) Regulatory constraints that made bank deposits unattractive. (iii.) Market conditions that made bank loans relatively expensive. 2.5 According to John P. Judd (1979) The researcher argues that commercial paper market has replaced the banking sector as the primary source of short-term funds for large financially sound nonfinancial firms. Banks can compete effectively only if the value of the intermediate services that they provide to the lenders/borrowers is greater than the spread between the lending and borrowing rates that they must charge to cover the costs of doing business and absorbing risk. However, it was found that the value from the intermediate services were relatively small and hence the switch over to commercial paper. 2.6 According to Pu Shen (2003) Before the current drop in commercial paper outstanding there was a past occurrence in 2002 when the market for nonfinancial paper declined rapidly. The author tries to understand the factors that led to the unusual decline. To achieve this he considered the factors that could have reduced the supply of credit as well as factors that could have reduced the demand in the commercial paper market. On the basis of this analysis, a conclusion was reached that both demand and supply contributed to the decline. Supply in this context means willingness of the investors to participate in the market. Willingness can be reduced by two factors – Actual or perceived deterioration of the creditworthiness of borrowers and general reduction in investors tolerance for risk. On the demand side, two factors reduce the need for corporations to borrow in the commercial paper market. One factor is decline in inventories which reduces companies short-term financing needs. The other factor is a switc h by firms from borrowing short-term in the commercial paper market to borrowing longer in the bond market. 2.7 According to Dan Covitz Chris Downing (2002) A model is created to explain the relationship between short term and long term yield spreads. Short term spreads cannot be explained by insolvency model because of large spread. Many a times short and long term spreads are negatively correlated. Their explanation for observed risk spreads rests on a distinction between the fixed and liquid assets of a firm. A simple model was proposed in which a firm with a low level of liquid assets may be forced to turn to outside sources of funds to meet its short-term obligations. Funds raised from outside can bring in delay in payments to creditors, which can affect the short term creditors more than long term creditors. Variety of insolvency-risk and liquidity-risk proxies were used and was found that liquidity risk help explain short-term spreads during periods of market stress, but explains very little about long-term spreads. Their empirical findings indicated that while liquidity is an important determinant, the credit risk is the dominant determinant of Commercial Paper credit spread. A literature survey regarding Asset Backed Commercial Paper (ABCP) was conducted, but was disregarded as it was not relevant to the research at hand. A working group has recommended that ABCPs be introduced to deepen the commercial paper in India. Following this the RBI issued the draft guidelines on securitization of standard assets on April 4, 2005. Chapter 3: Methodology Research basically means a quest for knowledge. The primary purpose for applied research is discovering, interpreting and the development of methods and systems for the advancement of knowledge on a wide variety of scientific matters (Wikipedia.com).In this chapter the methodology and methods to be used for analyzing the commercial paper market are briefly discussed along with the problems encountered and the steps that were taken to overcome them. 3.1 Types of Data There are broadly two types of data that are available at the disposal of a researcher. 3.1.1. Primary Data We may rely on primary data if the research calls for raw data that has been collected at the source and has not been subject to any manipulation. Primary data can be qualitative or quantitative. The core benefit of this type of data is that the researcher can exercise a high degree of control over the method and tailor the data collection methods to suit the needs of his research. 3.1.2. Secondary Data Primary data collected by one person may become the secondary data of another. Secondary data has many benefits that make it very appealing. The most obvious advantage is that the data is very economical since the cost of collecting it is usually very little when compared to primary data. It also saves the time of the researcher which would otherwise have been spent on the data collection process. Another key advantage is that in the process of searching for data relevant to the problem, the understanding of the researcher of the problem is improved and there can be changes in the idea in light of the secondary data collected (Beri, 2003). That is not to say that there are no limitations to it. The major risk undertaken by the researcher when collecting secondary data is that the accuracy of the data is compromised. Subsequent problems may be the availability, relevance and sufficiency. Our research relies on secondary data specifically the commercial paper rates published by the Reserve Bank of India and The Federal Reserve. Since these institutions are the apex central banks of India and United States of America respectively, we assume that the data provided by them is highly accurate and can be safely used in our study. Internet Research. As the name implies, it is the practice of using the World Wide Web for research purposes. After identification of our topic, we had to undertake an internet research to gain more background information about it and further our understanding of the topic. Several newspaper articles published on the internet was used to draw a rough chronology of the events in both the Indian U.S. commercial paper markets during the period of study. 3.2. Time Period The financial crisis was well underway during the early half of 2007 due to subprime mortgages default. We have divided the time period of our study into two distinct frames to analyze and draw logical conclusions. 3.2.1 First Time Period (November 2007-October 2008) We have selected November 2007 as the initiation point of the first time period our study due to the fact that the stock markets in America was in turmoil and falling rapidly. Leading up to this point there were certain major market developments, the LIBOR (London Interbank Borrowing Rate) reaches its highest level since 1998. Northern Rock collapses and receives emergency support from Bank of England. Major Banks such as UBS and Citigroup announce losses numbering in the billions due to subprime mortgage defaults. September 2008 was a very dynamic and crucial month in the context of the financial crisis. U.S. government bails out mortgage lenders Freddie Mac Fannie Mae, which hold almost half of all outstanding mortgages in the U.S. Bank of America proposes to take over Merrill Lynch for USD 50 billion. Lehman brothers files for bankruptcy making it the biggest corporate bankruptcy ($ 639 billion) in the history of U.S.A. Morgan Stanley Goldman Sachs loses their status as investment banks. They become traditional commercial banks (Mauro F. Guillà ©n, 2009). The first time period concludes on October 2008. The reason we have selected this particular month is that in the aftermath of Lehman Brothers bankruptcy, the commercial paper market contracted severely. Investors lost their confidence and companies were finding it difficult to make fresh issues of commercial paper. 3.2.2 Second Time Period (November 2008-November 2009) For companies that use commercial paper as a short-term funding mechanism, a sudden stoppage of access to the market will push them to the brink of bankruptcy. The Federal Reserve recognized this and initiated the Commercial Paper Funding Facility towards the end of October 2008. The major objective was to stabilize the commercial paper market and provide the necessary funding to the companies. Our second time period picks off from this point and continues till present. 3.3 Statistical Techniques Statistics is termed as the science of making effective use of numerical data. It deals with all aspects of it including collection, analysis and interpretation of such data collected. To facilitate our analysis, we had to rely on certain statistical tools and the software SPSS. 3.3.1 Measures of Central Tendency The most commonly used tool for understanding ‘averages is the arithmetic mean. A single value which is a representation of the entire mass of data taken into calculation. It is neither the highest nor the lowest value in the data set. It takes into account all the values in the study. It is in essence a single value around which the other variables in the study tend to cluster. The arithmetic mean is also laden with a certain disadvantage namely the tendency of the mean to get unduly affected by the presence of extreme values. 3.3.2 Measures of Variation Using mean will only supply us with a single figure representing the entire data. We cannot understand the dispersion of the values from the mean. To overcome this obstacle, we need to use a measure of variation. We have decided to study the variation utilizing the tool ‘standard deviation. Standard deviation helps us to measure the risk associated with commercial paper. Standard deviation will be equal to zero when all the numbers in the sample are very close to one another. The more dispersed they are the greater will be the standard deviation. 3.3.3 Correlation Mean and standard deviation does not allow us to compare two different variables. In such a scenario we may use correlation to understand if any relation exists between two variables. If relation is proved, correlation further helps us to judge to what degree the relation is present and the significance of it. The correlation coefficient ‘r ranges from -1.0 to +1.0. The closer ‘r is to either poles, the higher the correlation. Towards +1 indicates a positive correlation whereas closer to -1 is an indicator of negative correlation. 3.3.4 Simple Bar Diagrams/ One-dimensional Bar diagrams Simple bar diagrams are considered to be the most commonly used diagrammatic representation of data. Only the length of the bar matters, the width of a single bar is present only for drawing attention to the figures and making clear cut conclusions. We have used bar diagrams to depict the trend of commercial paper outstanding in both the Indian U.S. commercial paper markets over the period of study. 3.3.5 Times Series Graphs We have utilized time series graphs to chart the movement of risk across the time period of study. The reason for the selection of this technique is due to its usefulness in giving a quick idea about the trend of the variable over a period of time. The other added advantage is that it allows a comparison of two variables also across the time period. Chapter 4: Findings Analysis 4.1 Introduction In this chapter, we attempt to make a systematic analysis of the secondary data that we have collected from Reserve Bank of India Federal Reserve System. The raw data was transferred to Microsoft Excel software after proper scrutiny. The data was analyzed by using the statistical tools present in the Microsoft Excel SPSS programmes. As we have described earlier in the methodology, descriptive statistics like standard deviation, arithmetic mean and inferential statistics like correlation were used to analyze the data. Data presentation tools like Simple bar diagram and Time series graphs were utilized to present the data logically and in an understandable manner. The discount rates provided by RBI consisted of low high rates. The average of the discount rates was calculated to make a meaningful analysis and enable comparison with the U.S. commercial paper discount rates, since the Federal Reserve provides only a single rate. Moreover in the U.S. the commercial paper market is sub-divided into two broad strata, i.e. financial and non-financial commercial paper. Both of these were taken into account to enable the study to be more comprehensive and significant. The U.S. commercial paper outstanding amounts were converted into Indian rupees on the basis of foreign exchange rate prevalent in the time period of study. This was conducted on a month wise basis from November 2007 till November 2009. 4.2. Analysis of Data The following section contains an analysis of the data. 4.2.1 The first analysis conducted was to trace the movement of discount rate in India during the first time period. Table.1. Mean Standard Deviation of Indian Discount Rate during November 2007- October 2008 Mean 10.9242 Std. Deviation 1.70208 Interpretation 68% of the time, the average discount rate shall vary between 9.6 and 12.6. That means for nearly 8 months of the study period, the rate of return of commercial paper in India will be between 9.6 12.6 95% of the time, the discount rate shall vary between 7.5 and 14.3. The overall trend from the observed figures indicates forward direction. The cause behind this trend maybe the accelerated inflation rate. The investing communitys confidence levels are weakened, as a result the expected levels of discount rate also increases. Another reason may be that the investors are worried about the exposure of Indian banks to U.S. subprimes. For instance ICICI exposure to Citibank Asset backed securities is one important reason behind uncertainty in Indian money market segment. Graph.1. Movement of discount rate during Period 1 Interpretation Until December 2007, the discount rates did not undergo much fluctuation. From January 2008 till April 2008, the rates were subject to wide changes the average rate reached heights like 11.88 and depths of 8.73. In March, the market on expectations of a promising RBI credit policy announcement has shown an upward surge. But the RBI maintained the status quo, the bank rate, the repo rate and the reverse repo rate were unchanged. Following this the returns show a decline and thereafter it has shown a rising trend till October 2008. Corresponding to this period, the inflation rates in India had also been growing at an accelerated pace. The inflation in India during March was 5.11%, this shot up to 12.63% in August and declined to just 10.72% by October end. If the inflation rate increases, the nominal interest rates also increases, as a result commercial paper discount rate is also showing an increase. The discount rate rose to an all time high of 14.23 in October 2008.This abnormal rise in discount rates may be linked to Lehman Brothers declaring bankruptcy in U.S.A. on September 15, 2008. Because of the bankruptcy, the investors have lost their confidence on money market instruments. This event might have triggered investors in the Indian commercial paper market to seek higher discount rates on the Indian commercial paper. As a result pushing up the discount rates on commercial paper issued by the Indian corporate sector. 4.2.2 This analysis deals with the movement of discount rate in