Black Movements Of America By Cedric J. Robinson - 1530 Words

Black Movements In America is written by Cedric J. Robinson, who is a professor of Black Studies and Political Science at the University of California, Santa Barbara. Robinson traces the emergence of Black political cultures in the United States from slave resistance in the sixteenth and seventeenth century to the civil rights movement of the present. He also focuses on Black resistance which was forged from a succession of quests such as The return to Africa; escape and alliances with anti-colonial Native- American resistance; and eventually emigration. This is a historical primer whose subject matter is well-indicated by the title. The Narrative focuses on the chronological poles of robinson s ranging, chronological and compelling narrative of movements in the sixteenth and seventeenth centuries maroon societies, and urban community organized during the late years of black power movements. Throughout the book, Robinson distinctively points out African consciousness that informed the commitments, insights, and politics of black radicals. He begins with the discussion of â€Å"The Coming to America† which then focuses on Blacks and Colonial English America and The Early Black Movements of Resistance. Although freedom is obviously desirable in comparison to a life in chains, free african americans were unfortunately rarely treated with the same respect of their white counterparts. There were several ways African Americans could achieve their freedom. IndenturedShow MoreRelatedDehumanization As A Tool For Colonization Essay1888 Words   |  8 Pagesstill extremely present in todays world just in subtler methods. Examining dehumanization is quite easy when looking at historical events such as the period of slavery in America in which slave owners treated their slaves as objects and buying and selling them as if they were property showing blatant open dehumanization of the black American people at the time. Today dehumanization is masked and a perfect example of that is seen in an article and study conducted Erin Steuter and Debourah Wills of MountRead MoreVarian Solution153645 Words   |  615 Pagesyour budget line in the graph (c) If you spent all of your income on commodity 2, how much could you buy? below. x2 8 6 4 2 ,,,,,, ,,,,,, Line Blue ,,,,,, ,,,,,, ,,,,,, Red Line ,,,,,, ,,,,,, ,,,,,,Black Shading ,,,,,, ,,,,,, ,,,,,, ,,,,,,,,,,,,, ,,,,,, ,,,,,,,,,,,,, Black Line ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, Blue ,,,,,,,,,,,,, ,,,,,,,,,,,,, Shading ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, 2 4 6 8 x1 0 (d) Suppose that theRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pages Third Edition Reed−Lajoux and others . . . This book was printed on recycled paper. Management http://www.mhhe.com/primis/online/ Copyright  ©2005 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher

A Short Note On Lacunae s Laws Protecting Children...

Title of Paper-Lacunae in Laws protecting children against online sexual abuse in India By Karnika Seth, Advocate (BA (Eng Hons), LL.B (D.U), LL.M (King’s College ,U.K) Phd. Research Scholar (NIU) Abstract In the digital age, there has been an unprecedented growth in both the use and dependency on internet, particularly among children populace. Whereas increased use of information technology by children has some positive dimensions, there is a glaring flipside, the concern over growing child abuse cases on the Internet. Reliable statistics point that India is home to 19% of World’s children and the production and distribution of child abuse images has become a rampant problem in India. According to a 2007 study conducted by Ministry of Women and Child Welfare in India, wherein over 12,000 children were studied for child abuse, 4.4% of them were found to have been victims of child pornography. Children face a number of threats in the online world, including cyberbullying, sexual harassment, cyber grooming, sexting, phishing, photo morphing, identity thefts, amongst other cybercrimes. In India, while the Information Technology Act,2000 (IT Act) and the Protection of Children From Sexual Offences Act,2012 (POCSO Act)are special legislations that declare certain illegal acts directed at children online as punishable offences, the existing statutes fail to define many of such offences and/or address other emerging cybercrimes targeting children for sexual abuse. For example,

Audens Museum of Fine Art Essay Example For Students

Audens Museum of Fine Art Essay Aden worked for a film company where he writing scripts which expressed his political views and concluded that a directors position held more authority, Aden was really a man concerned about authority and it was difficult for him to get his due because of his gay sexual orientation. He traveled all around the world in search of authority and gained respect through his poetry. While visiting Brussels, Belgium, he saw Burghers Pall of Cirrus, which inspired him to write the famous poem Muse des Beaux Arts The Fall of Cirrus is based on the myth Of Cirrus and his father, Deals escape from Crete. Both Cirrus and his ether were imprisoned on the island of Minis for a long time and then one day Deals figured out how they could escape. Deals created bird Wings out of small and large feathers and used wax to bind them together. Before the two took flight, Deals warned his son and instructed him how to use the wings. l warn you Cirrus, fly a middle course: dont go too low or water weigh the wings down: dont go too high, or the suns fire will burn them. Keep to the middle Boy Falling Out of the Sky). After his speech, Deals flew up into the air with Cirrus not far behind him. Amazed by the sight of the many islands he lee over, Cirrus flew higher and close to the sun, where the wax began to melt. Waving his legs and arms frantically he plunged into the Aegean Sea, where he drowned. Deals searched for his son until the bird-like wings appeared in the water and he recognized that his son was dead. The artist Pitter Burgher was said to have a humorous outlook overall on the myth, In Fall of Cirrus, there are a number of people out, going about their daily duties. A Sheppard watches his sheep, ploughman bends over his plough near the sea; a huge boat sails by when Cirrus tell to his death that day. The image in the painting helps people live Burgher was being humorous as in the right hand corner a pair of legs, Cirrus legs kicks frantically. Muse des Beaux Arts which means Museum of Fine Arts is a poem about human suffering and how easily it is overlooked. In the first stanza Aden writes its human position; how it takes place while someone else is eating or opening a Window or just walking dully 3-5). He describes someone who strolls down the hall of a museum, passing paintings by the Old Masters. More specifically, the person passes paintings of suffering and birth of Christ and as thoughts of suffering run through his mind, he pushes these thoughts o the back of his mind and walks towards more paintings. He hurries off to less important paintings, which show children, ice skating and dogs doing what dogs The second stanza describes what happens to the person in the museum. He stops in front Fall of Cirrus and those same thoughts of suffering come back to him. In the poem, Aden describes the image tooth legs sinking into the sea. It is amazing that Cirrus could have plunged into the sea so close to many people, like the ploughman, the Sheppard and passengers in the boat but no one was to his rescue. To them Cirrus is unimportant compared to the work they have to o that day. In the last two lines of the poem Aden says and the expensive delicate ship that must have seen / something amazing, a boy falling out of the sky had somewhere to get to and sailed calmly on(lines 21-23). .ue65237ca5d40cd9cf446e6e3bb5c99d1 , .ue65237ca5d40cd9cf446e6e3bb5c99d1 .postImageUrl , .ue65237ca5d40cd9cf446e6e3bb5c99d1 .centered-text-area { min-height: 80px; position: relative; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 , .ue65237ca5d40cd9cf446e6e3bb5c99d1:hover , .ue65237ca5d40cd9cf446e6e3bb5c99d1:visited , .ue65237ca5d40cd9cf446e6e3bb5c99d1:active { border:0!important; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 .clearfix:after { content: ""; display: table; clear: both; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ue65237ca5d40cd9cf446e6e3bb5c99d1:active , .ue65237ca5d40cd9cf446e6e3bb5c99d1:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 .centered-text-area { width: 100%; position: relative ; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ue65237ca5d40cd9cf446e6e3bb5c99d1:hover .ctaButton { background-color: #34495E!important; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ue65237ca5d40cd9cf446e6e3bb5c99d1 .ue65237ca5d40cd9cf446e6e3bb5c99d1-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ue65237ca5d40cd9cf446e6e3bb5c99d1:after { content: ""; display: block; clear: both; } READ: Student Support Programs And Extracurricular Activities EssayHe shows us how human suffering is overlooked, not only in the painting but also by museum- goers vivo pass the most important paintings and push their own thoughts to the backs of their minds. Aden compares the museum-goers in his poem to the ploughman in the painting; each ignores human suffering and continues with their daily duties. Aden s Muse des Beaux Arts is in formative because t shows how even the suffering of Christ is easily overlooked by worshippers or non- worshippers Who go about their lives like a dog scratching his behind or children ice skating. The poem informs the reader that a person never has enough time to spend observing human suffering or life around them, let alone each painting in a museum. It is not about suffering and mourning, but rather about the impossibility of sympathy. The average person in New York City cant possibly give food to every homeless person, hut one thing he can do is mourn the impossibility of mourning. (Addends Muse Des Beaux Arts) W. H.

Name Essay free essay sample

The one thing that defines me is, my name. My name to me is special, unique, deferent, and the person I am and will forever be. How many people do you actually know with the name Soppier? Not many IM sure. Considering there are 316,71 9,944 people in the United States of America and there are very few people with my name. You will probably never meet anyone else with my name, and If you do then thats pretty unique its self. My name has become a big part of me, even though not many people know how to say It correctly.Sometimes I never really know when someone Is actually trying to get my attention or not because they dont say It right. People ml-pronounce my name because It Is spelled so differently and Its an Indian cultured name. A lot of people have definitions to their names but If you look mine up, It will tell you It Is not defined yet. We will write a custom essay sample on Name Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Which to me that Just means I can be whoever I want to be and I dont have to live up too name I can make it my own. The cool thing I like about my name is that my dad named me after a girl he went to high school with (Supra Sack).My dad tells me he named me Soppier because e heard her name and thought it was just so beautiful, and knew from then on out he would name his daughter Soppier. Notice that her name is spelled with a u and mine Is spelled with an o. Thats because my dad wanted it to be different and not the same as most. Which makes my name even more me, different. I can honestly say I love my name not only because its so different but because it reminds me of my culture and where I came from in Guyana which is in South America. Some people say my name reminds them of an Indian princess, I like that because I call myself a princess. Why? Cause I am Princess Soppier! I also love my name because its so rare that there is only one of me in all my classes. Unlike some names like; Ashley, Brian, Courtney, Citation, etc. There will never be a confusion on who the teacher is really talking to with my name. Which is great. My name is special to me in so many different ways here you Just heard a few. Spryly is my name, my life, and my identity. It is who I am and who I will always be; deferent, special, ordinary, and unique. So always remember the name Spryly because, the day you meet another girl with that name know you are special.You will never meet anyone like me! Name Essay By blunt_bellflower special, unique, different, and the person I am and will forever be. How many people are 316,719,944 people in the United States of America and there are very few people with my name. You will probably never meet anyone else with my name, and if you say it correctly. Sometimes I never really know when someone is actually trying to get my attention or not because they dont say it right. People MIS-pronounce my name because it is spelled so differently and its an Indian cultured name.A lot of people eve definitions to their names but if you look mine up, it will tell you it is not defined yet. Which to me that Just means I can be whoever I want to be and I dont have to live he heard her name and thought it was Just so beautiful, and knew from then on out mine is spelled with an o. Thats because my dad wanted it to be different and not name because its so rare that there is only one of me in all my classes. Unlike some Soppier is my name, my life, and my identity. It is who I am and who I will always be; different, special, ordinary, and unique.

Development Of The Rural Tourism Tourism Essays

Development Of The Rural Tourism Tourism Essays Development Of The Rural Tourism Tourism Essay Development Of The Rural Tourism Tourism Essay In this survey we are seeking to reply two of import inquiries about rural touristry. First of all, what are the outlooks of rural tourers. Second, is at that place any connexion between the outlooks and perceptual experiences? For this survey I will supply studies in order to turn out and to reply the inquiries. The spread between importance and public presentation will be evaluated. The findings will be applied to better service quality and it will function as the footing for rural touristry stakeholders to better their service schemes in response to client demands. Besides I want to indicate out about sustainable development, intercultural communicating on rural touristry. Because tourer may necessitate transit, hence, with the emanation of CO2 we may destruct the environment. The aim of this survey is turn outing information about how could we fulfill our rural tourer, is our installations met their outlook? To reply this inquiry I will supply the survey of my studies in order to assist the proprietor of rural houses or hotels to understand better the behavior of our client. The purpose of making these studies is help the stakeholder of rural houses or hotels to understand what their client is expected before they go to the hotel or houses and if they have been satisfied after the stay, in order to better their service schemes in response to client demands. There are many studied about the rural touristry but most of these studied is about the development and how could the rural touristry asses to the rural economic growing, but they have neer mentioned about the client satisfaction which is the cardinal fact that will assist our concern success. Introduction: Definition of the rural touristry. It seems truly easy to specify the term rural touristry, but really it has many issues when we try to specify the term, because depend on where we are we can happen many difference definition about rural touristry, In Spain sometime they consider the size of the population to specify rural or urban, nevertheless, size of the population is non plenty to find ruralism . Besides, when specializer want to look into or prove the turning procedure of the rural touristry, they can non acquire an accurate information because in Spain there are non standard statute law for the rural house or hotel, so without unvarying criterion is impossible to try the growing. Harmonizing to Nilson ( Nilson, 1998, cited in R. Derek, 2003, p.183 ) tends to see all touristry non-urban countries as rural touristry . ItA?s non truly good point because we can non see that all non-urban touristry is rural touristry, because due to the first statement to be considered as rural it has to hold some demand, like the population size, the environment, activitiesaˆÂ ¦etc. , But sometime rural touristry is considered when the rural civilization is an of import constituent of the merchandise on offer, because rural touristry is the wish to give a client the physical and human environment of the topographic point, do them take part on traditions activities or life style of local people ( Luigi Carini, 2003, Cited in R. Derek, 2003, p.183 ) . Why is so hard to specify rural? It is because all of us have a different perceptual experience of ruralism . Therefore there is non precisely intending for this term. Development of the rural touristry. Rural touristry has growing a batch in the past 20 old ages, today more and more people is traveling to rural touristry, what was the elements that asses this turning? , is because they are tired of urban life, thatA?s why they want to loosen up in a better or loosen uping environment by making activities that they would neer make in a urban or fall back hotel? . In this survey would assist you to understand more about rural touristry and have more cognition about how would rural touristry can measure the rural economic systems and assist the preservation of the rural environment. Rural touristry is mostly a domestic phenomenon with a disparate nature across states and continent ( Gartner, 2004, Cited in Gao, 2009, p.439 ) . This explains us why in the last past few old ages were a important sum of instance surveies in relation of states and rural touristry lures in diverse states. In China the development of rural topographic point took topographic point in 1980s, the rural touristry has undergone during 20 old ages with the signifiers of poorness relief through touristry, Harmonizing to some research China has more than 56 % of the population life in rural country, even though in the past few twelvemonth it has an unbelievable growing in China general economic but it does non impact the growing of rural country because Chinese people considered the Nong which means anterior necessity of worlds is nutrient, hence they have a immense concern about the rural activities, and in this instance is the outlook which is the cardinal point of the development of th e rural country and promote the rural touristry ( Gao, 2009, p. 440 ) . In add-on, rural touristry it has a peculiar manner to pull client by offering them agricultural ambiances and civilizations at truly low cost and it does non necessitate a sophisticated substructure like if you go to metropolis Centre, or fall back hotel ( Gannon, 1994, Cited in Byeong, 2009, p.22 ) . Consequently, In Korea has considered the structural and new type of client have guide to the rural development. Nevertheless in Serbia has a different manner to advance the rural touristry, in Serbia has good potency in rural touristry due to that it has many rural country under development, because in that manner they can promote and advance the rural touristry in order to measure the rural economic growing, which play an of import function in the full Serbian economic and the formation of richer and picturesque image of Serbia, hence for Serbian to advance rural touristry a good selling schemes is needed and th e criterion for this sort of touristry, because in Europe has a criterion for the rural touristry ( K. Kosic, 2010, p. 428 ) . Sustainable development of rural touristry The growing of the rural touristry is truly of import, due to that it can measure the rural economic growing, make occupation in rural country, promote the agricultural growing in under develop areaaˆÂ ¦and so on, nevertheless the rapidly growing or no control of the rural growing can take unexpected issues and can convey negative influences on rural communities and the touristry concern itself ( Byeong, 2009, P.23 ) . Basically means that the overdevelopment and no planned development can take the escapes of benefit, commercialisation of local civilization and corrupted some local country with aliens, thatA?s why sustainable development is needed on these topographic points. Therefore the aim of being sustainable, at the first phase is to understand the comparative importance to tourism determination shapers of each index for sustainable rural touristry development ( Byeong, 2009, P.24 ) . Harmonizing to Young ( 1992, P.100 ) most of surveies seem to postulate that economic, social- cultural, environmental sustainability are the chief factors that should be maintain during the development of rural touristry . There are many struggles about the sustainable development indexs, the chief five indexs are: client satisfaction, environmental, employment, fiscal escapes, and environmental impact assessment indexs ( Miller, 2001, P.351-365 ) . These indexs are truly of import in term of managerial and planning term, but what about the intercession of the authorities? Should non it be more effectual, the authorities should put criterion for the rural development. Economic sustainability Many researches illustrate the importance of the economic facet in rural touristry, specifically the increasing of the income of local people, and the increasing of the employment ( Greffe, 1994, P.22 ) . The point of involved local people in rural touristry is create more occupation chances and sells local nutrients or obtaining benefit by selling adjustment. By making it, it helps the local demands and concretely in country where is less developed. Nevertheless sometime it conveying job by involved local occupant in development of rural touristry, because fluently there is non warrant in concern about the return on both economic and clip investings ( Mcgehee, 2002, P111-124 ) , hence in order to avoid this type of issues the income demand to be reported to the stakeholders, due to that income are mensurable, and through the procedure, the aim, aim demand to be updated rather frequently, in order to guarantee the effectivity, and by giving to the local people the study about the inv esting and benefit on return can measure the increasing of tourer, making new occupation, have more gross, hence the engagement of local people is important to the development of rural touristry ( Byeong, 2009, P.25 ) . Social-cultural sustainability As the rural touristry growing, the occupants life will hold some alteration, due to the enrichment of the zone, and besides increased chances for societal interaction and civilization exchange, and on the tourer side is supplying the chances of to see traditional cultural and the manner of life, but in that instance local people need to continue the cultural individuality, besides the singularity, and the character of communities ( Macgehee, 2002, P.111-124 ) . The saving of historical, scenic heritage should be continue for long-run rural touristry, be certain non to destruct the environment. Beside the preservation issues, there is another issues that need to be considered, and is the safety, because as the tourer addition, the offense, traffic will increase, therefore the public security is of import in this instance, occupants should supply a safety and clean environment in order to pull more tourer ( Gannon, 1994, P.80 ) . Environment sustainability The consequent of increasing the figure of tourer can do societal and cultural issues, and besides can impact the environment of the topographic point, hence local people need to hold consciousness about this job, as they are involved in the development of rural touristry, hence local people play a truly of import function in continuing and commanding their environment ( Byeong, 2009, P.26-27 ) . In order to continue the environment sustainability, the figure of visitant demand to be controlled, puting the upper limit of tourer that can come per month or per twelvemonth will increase the feasibleness of environment sustainability, and is non merely the figure of tourer has to be concerned, besides the pollution, as the tourer increase the traffic will increase in the same manner, therefore the taint of the environment is a large job. And by puting the maximal figure of individuals that can see the topographic point will lend or cut down these jobs ( Gannon, 1994, P.97 ) . Taking in consideration that a careful consideration of the tourer transporting capacities and required the graduated table and type of developments suited for each portion of the local. Harmonizing to Lane ( 1994, P.102 ) This may include determinations to apportion some countries for intensive usage, to do some countries less accessible on preservation evidences and to put overall bounds to growing . Thi s is a good method to maintain some historic landscape protected. Managerial and administrative sustainability Due to fact that local people do non hold the cognition about how to advance or to whom should they direct their merchandise, the issues of how to sell their merchandise and how to pull tourer is important facts to take sustainable rural development ( Byeong, 2009, P.27 ) . Furthermore, tourer sometime depends on marketing communicating in order to take a finish for vacation. Thus, is good to pass on with the authorities or director in order to allow them cognize about our merchandise and assist local people to advance it decently ( Mcgehee, 2002, P.111-124 ) . Since the tourer who has chosen rural touristry is because they expect entire non-urban life manner, that s why a diverse of out-of-door activities in order to allow them see rural life and connect with nature and evidently exchange civilization with local people. Besides the activities, local nutrient besides needs to be provided in order to run into demands and fulfill the tourer, making great experience to take to experience good and come back ( Macgehee, 2002, P.111-124 ) , because the quality of nutrient production and eating house, which is closely link to client satisfaction. Furthermore, the service, adjustment, transit, handiness demand to be provided at sensible monetary value. Another issue truly of import sing with client satisfaction is the kindness of local people, therefore the welcoming of tourer is needed ( Mckercher, 1998, p.173-188 ) .

Become a professional in JavaScript. Read all about it here

Become a professional in JavaScript. Read all about it here Become a full stack coder by mastering JavaScript The act of coding was previously seen as an area especially made or designated for Nerds, Coding has been around for a very long time and previously just a very few handful of persons could do this. However, as time passes by and the new revolution age emerged just about anyone is into coding now and I bet you too can become a coder. Here we are going to present you with a bundle which contains 10 courses and 300 lessons that will properly teach and guide you how you too can become very good in coding. The focus here will be on JavaScript coding, you may not be aware that there are other coding languages like the C++. It does not matter if you have never done any coding before, as long as you go through these courses and follow all lessons diligently you will emerge as a professional JavaScript coder. There are different stages the course will take you through. You will be able to know how to build cross-platform JavaScript apps for web and mobile with advanced features like PayPal integration. Another section will teach you how to write front-end and back-end code this basically will put you in a category as every other stack developer. Node.js and Angular.js are some of the JavaScript frameworks you will be able to use after going through the relevant part of the course. It does not end just here you will literally learn how to make a game on multiple levels so I suggest you get this bundle and start the learning process. Though it is the JavaScript Development Bundle, there are also various topics that will be fun as a bonus for you. With these other topics, you will have a very balanced knowledge not just of Java but also other topics that you will come across on a daily basis when you want to be a coder. So you will be seeing topics like NoSQL database management system, CouchDB, and MongoDB. Well if there is anything more fun than being a JavaScript guru then I wait for such a time when I will think differently. Usually, this JavaScript Development Bundle cost about $1,118, but now you can actually get it for any price you want. Do not waste any more time without adding to your knowledge base. Get this bundle now for a very cheap price and be on your way to becoming a JavaScript coder.

Ethical Dilemma Of Joe Darby Essay Example | Topics and Well Written Essays - 1500 words

Ethical Dilemma Of Joe Darby - Essay Example The ethical dilemma of Joe Darby solved in terms of the ethics of care framework underlines that Darby's choice was an embodiment of his ethical background. The result of Darby’s decision turned into a vulnerable and threatening for his wife and himself. Darby wanted to become famous and he succeeded. On the one hand in the beginning of the story he wanted to stay unidentified, but finally, his name became renowned. Once he decided to air the ill-fated photos, he should have considered probable outcomes of his decision. In the framework of the ethics of care, the results of one’s choice were damaging and unhelpful to his family. In reference to laws of the ethics of care, which underline protecting the vulnerable and limiting damage when large forces collide. On the contrary, personal choice of Darby was guided by ethical issues. His own judgment of violation and atrocities at Abu Ghraib underlines the seriousness of his attitude to military oversight. Straightforward a ctions of Darby, who could have appealed to his command or who could have waited for a certain judgment from an international, make an emphasis on his personal disregard of American military system. Ideals instilled in him from the very beginning of his service were scattered off. Darby decided to initiate a struggle with injustice himself. Therefore, ethics of care can be applied to this ethical dilemma while it’s focused on individuality and his choice; the attention is the aid to the central place of individual interests in making choices.

The Financial Crisis and its effects on the world economy Essay

The Financial Crisis and its effects on the world economy - Essay Example Subprime Lending Subprime involves the credit status of the borrowers of subprime loans and does not correspond to the interest rates of such loans. Any type of loans offered to the subprime borrowers which do not satisfy the prime guidelines of a loan are termed as subprime loans. It is a process of lending money to a group of borrowers who are classified as subprime borrowers and they do not qualify for obtaining loans at market interest rates because of the fact that their credit ratings are too low (Duhigg â€Å"Pressured to Take More Risk, Fannie Reached Tipping Point.†). However, the underwriting standards were relaxed by the mortgage lenders because during the phase of strong competition, the availability of the creditworthy borrowers was limited. So the mortgage became risky because they were allowed to less creditworthy borrowers. A crisis situation created in the subprime mortgage market of United States intensified during 2007 and led to global recession (Labaton â €Å"Agency’s ’04 Rule Let Banks Pile up New Debt†). Housing Bubble It has been noticed that from 1997-2006, the housing price in USA has increased by 124 percent. In 2006 the housing prices in USA was very high, which started declining considerably in the year of 2006 and continued in 2007 too. In 2008, the Case-Shiller home price index revealed that the highest drop in the housing prices was seen in 2008 (Schmuecker). This resulted in the subprime crisis due to the obligation created by the Alt-A collateralized debt, Hedge funds, credit, and other mortgages. It heavily affected the new construction, as about 1,283,000 American families sold off their houses, in comparison to 609,000 during 1990-1995. Mortgage finance is one of the most important components in the property debt market. In the year 2008 the US government did offer special loans of about $900 million to rescue the country from housing bubble, but the amount of loss was already far beyond this amou nt (Barker 3). Weak Underwriting Practices The failure of the mortgage underwriting principles was prevalent in USA, as stated by Tichard M. Bowen III, the chief underwriter of Citigroup. He himself stated that among 1600 mortgages by Citi, about 60 percent of the mortgage loans were defective in nature (Morgenson â€Å"Raters Ignored Proof of Unsafe Loans, Panel is told†). This means that the underwriters did not perform their duties based on the policies. Apart from this, the Financial Crisis Enquiry Commission also scrutinized about 900,000 mortgages that were issued from 2006-2007. They found that barely 54 percent of the mortgage loans met the required underwriting standards. Among them about 28 percent mortgage loans even did not met the minimum standards of borrowing (Olin). Collapse and Boom of the Banking System There are various evidences that the risky mortgages were financed by the banking systems. The superfluous pressure from the showed banking system also led t he financial institutions lower their underwriting standards and support the initiation of risky loans. The CEO of the Federal Reserve Bank directly blamed the parallel banking or shadowed banking system for freezing the credit market. During 2007, the securitization market which was supported by the parallel banking system started to collapse and shut down by 2008. In this situation, the private credit market was not available to

Mr. William Bryant And His Romantic Antics Essay Example for Free

Mr. William Bryant And His Romantic Antics Essay Romanticism is a style of writing based in the late 19th century. It is characterized by nature, individual expression, emotion and imagination. Many writers in his time were part of the Romantic Movement and William Cullen Bryant was one of them. His poems are full of Romantic ideals such as the benevolence of Nature and the emphasis on emotion. Bryant is clearly a Romantic poet and his poems Thanatopsis and To a Waterfowl are clearly illustrations of this. Nature is a big part of both Thanatopsis and To a Waterfowl. In Thanatopsis, Nature actually has a speaking part. The personified Nature teaches the reader to not fear death, but accept it as a part of life. Nature in this poem is very comforting. She is described in detail and is portrayed as calm and compassionate in her way of speaking. In To a Waterfowl, nature is also important and in this poem, it is more concrete than the Nature in Thanatopsis. Bryant is talking about a lone waterfowl that is flying through the air. The waterfowl is part of nature and he questions it as if it would answer. In Romantic poetry, it would answer, as in Thanatopsis, where nature actually speaks to the reader. This also shows the freedom and the mystical aspect in his writing. Idealism is also a big romantic characteristic in these poems. In Thanatopsis, realism would consider death a dark and horrible thing. However, the idealistic Bryant portrayed it as a part of life and that dying would bring you back to the divine Nature. In To a Waterfowl, the bird is solitary because he is a freethinking spirit and is flying free from others conventional ideas. This appeals to the radical and the idealistic Romantic in him. This poetry by William Cullen Bryant is clearly of the Romantic style. He uses nature in his poetry in an aesthetic way, stating it as a kind being. Idealism is used in a romantic manner, glorifying death and showing the freedom of life in its natural form. His poetry is full of content and emotion with forgiveness and love. Bryants Thanatopsis and To a Waterfowl are two excellent examples of Romantic poetry because they use  Romantic ideas of freedom, idealism, and benevolence of nature.

Kyd’s The Spanish Tragedy - The Humanist Chronotope Essay -- Spanish T

Kyd’s The Spanish Tragedy - The Humanist Chronotope In "Forms of Time and of the Chronotope in the Novel," Mikhail Bakhtin defines the chronotope as "the intrinsic connectedness of temporal and spatial relationships that are artistically expressed in literature" (84). That is what the chronotope is; Bakhtin continues with what the chrontope does: "It can even be said that it is precisely the chronotope that defines genre and generic distinctions" (85). In The Spanish Tragedy, Kyd layers three chronotopic zones to create a new chronotope, the "humanist chronotope," which in turn creates a unique dramatic genre, one we might call "humanist drama." According to Bakhtin, two seminal chronotopes from classical literature form the basis of most later chronotopes. The first of these seminal chronotopes is the adventure chronotope, found in romance narratives such as Longus’s Daphnis and Chloe. Time in this chronotope is a random and non-causal chain of events characterized by "suddenly" and "at just that moment" that ends at the same point in biographical time at which it began. Time is thus infinite, reversible, and extratemporal; it is also governed by chance, and therefore, Bakhtin writes, "The initiative in this time does not belong to human beings" (95). Extratemporal time requires "extraspatial" space that is abstract rather than concrete, as a concrete space, argues Bakhtin, would limit the power of chance. Adventure space is also alien space: a familiar world would also leave traces that would limit the chance that drives time in the romance. Apuleius’s The Golden Ass exemplifies the second seminal chronotope: the adventure-everyday chronotope, a hybrid, as the name suggests, of the abstract adventure chronotope and a ... ...er a dumb show, so too will the audience understand the idea after the performance of The Spanish Tragedy. Kyd’s "humanist chronotope" thus places drama at the center of humanist learning: yet it is as a spectator, not as an actor or playwright, that one becomes a humanist. WORKS CITED Bakhtin, M.M. "Forms of Time and of the Chronotope in the Novel: Notes toward a Historical Poetics." Michael Holquist, ed. The Dialogic Imagination: Four Essays by M.M. Bakhtin. Trans. Caryl Emerson and Michael Holquist. Austin: U of Texas P, 1981. 84-258. Freeman, Arthur. Thomas Kyd: Facts and Problems. Oxford: Clarendon, 1967. Kyd, Thomas. The Spanish Tragedy. J.R. Mulryne, ed. New York: W.W. Norton, 1989. Mann, Nicholas. "The Origins of Humanism." Jill Kraye, ed. The Cambridhe Companion to Renaissance Humanism. Cambridge: Cambridge UP, 1996. 1-19.

How does radiation damage DNA Essay

Mobile phones harm body cells and damage DNA Radio waves from mobile phones harm body cells and damage DNA in laboratory conditions, The research project, which took four years and which was coordinated by the German research group Verum, studied the effect of radiation on human and animal cells in a laboratory. After being exposed to electromagnetic fields that are typical for mobile phones, the cells showed a significant increase in single and double-strand DNA breaks. The damage could not always be repaired by the cell. DNA carries the genetic material of an organism and its different cells. This means the change had procreated. Mutated cells are seen as a possible cause of cancer. The radiation used in the study was at levels between a Specific Absorption Rate (SAR) of between 0.3 and 2 watts per kilogram. Most phones emit radio signals at SAR levels of between 0.5 and 1 W/kg. SAR is a measure of the rate of radio energy absorption in body tissue, and the SAR limit recommended by the International Commission of Non-Ionizing Radiation Protection is 2 W/kg. The study also measured other harmful effects on cells. Because of the lab set-up, the researchers said the study did not prove any health risks. But they added that â€Å"the genotoxic and phenotypic effects clearly require further studies †¦ on animals and human volunteers.† Adlkofer advised against the use of a mobile phone when an alternative fixed line phone was available, and recommended the use of a headset connected to a cellphone whenever possible. Previous independent studies into the health effects of mobile phone radiation have found it may have some effect on the human body, such as heating up body tissue and causing headaches and nausea, but no study that could be independently repeated has proved that radiation had permanent harmful effects. In a separate announcement in Hong Kong, where consumers tend to spend more time talking on a mobile phone than in Europe, a German company called G-Hanz introduced a new type of mobile phone which it claimed had no harmful radiation, as a result of shorter bursts of the rad io signal. How does radiation damage DNA? Radiation can damage anyone’s DNA. Radiation is really just high-powered particles or energy. When something like that smashes into your DNA , it is  definitely going to do some damage. Luckily, our cells are very good at repairing the damage so it takes a lot of radiation to do permanent harm. Damaged DNA matters because your DNA has the instructions for making and running you. If these instructions get damaged, it can sometimes affect how well you run. Like any good instructions, the ones in DNA are written up with letters. The high energy of radiation can mess up the instructions by changing a letter. It can also tear the DNA removing one, some, or even millions of these letters. This would be like ripping out anything from part of a page to a whole chapter of your personal instruction manual.

Criminal Justice Research Paper

1. Fred is drunk and driving his dad's car. Fred is a 21 year old student at Columbia College. Fred rams into a parked car at 10th and Rogers. Thinking no one saw him; Fred moves his car and parks it on an adjacent lot. He sprints to his dorm room in Miller Hall. A neighbor saw the wreck and Fred running to the dorm. Police are called and they arrive ten minutes after the wreck. The officers see several empty beer cans and a bottle of tequila (half full) in the front seat. The tags are traced to Fred's dad, who is called by police. Dad says that Fred is a student at Columbia College.Police run Fred's record and determine that he has two prior DWIs within the past five years. The third DWI in 10 years is a felony. Police contact Columbia College security who leads them to Fred's dorm. Fred is passed out, so security lets them in. The officers smell intoxicants, give Fred some Field Sobriety tests (he fails) and confirm that he was driving the car. Fred is arrested for DWI. It is his t hird offense, a felony under Missouri law. Fred is given a breath test, which registers at . 13 on the scale. During the processing of his arrest paperwork, the officers searchFred's possessions which he brought to the station, and a small quantity of cocaine is found in Fred's pocket. Fred is charged with DWI, leaving the scene, and possession of cocaine. What issues do you see? How should they be resolved? (50 points) First of all this, is a legal arrest. A neighbor saw the wreck and Fred running to the dorm. That is sufficient in itself to establish probable cause to arrest Fred for leaving the scene of an accident. The follow-up police investigation added more factors to establish probable cause to arrest for DUI and leaving the scene.A prosecuting ttorney will present evidence that a) Fred has no alibi for the time and date the crime occurred, b) he left evidence at the scene and in his vehicle, c) he failed the Field Sobriety Tests, d) he blew a . 13 on the breathalyzer, e) an d he has past records of DWI, and f) he was found to have possession of cocaine. The prosecuting attorney uses this series of specific examples to prove Fred committed the crimes. There would be an issue of whether it was legal for the security guard to give access to Fred's room. This issue would be resolved because it is totally legal for security uard to give access due to exigent circumstances. . Cole County deputies obtain a search warrant for Mike's trailer for controlled substances. The warrant was based upon information provided by an informant, some officer corroboration, and the fact that Mike has a past record for drug offenses. The deputies execute the warrant. As it turns out, Mike has no past record for drugs, the court clerk made an error. This means the warrant will be found lacking in probable cause by the appellate court. While executing the warrant, they observe large quantities of controlled substances, which they seize. While they are executing the warrant a man drives up and knocks on the door.The officers detain the man during the search. The dog accompanying the officers begins to bark at the man's trunk. The officers open the trunk and see large trash bags with a substance which smells and looks like marijuana. This man (Larry) is arrested for possession ot marijuana. Mike is charged witn possession ot a controlled substance. Are the drugs admissible in Court against Mike? Why or why not? What about Larrys case, are the drugs admissible? Why or why not? (50 points) Whether this search is legal or not depends on the exact circumstances under which it was conducted.In a situation like this, the police have the authority to stop and detain anyone coming to or leaving the residence as they arrive to execute the search warrant. Once you are lawfully detained, they have the right to conduct at least a pat down search for officer safety purposes. If the drugs were found as a result of the pat down search, there is no doubt that it was a legal search and seizure. Whether they could go further than a simple pat down would depend on other factors, such as conversation between the cops and the etainee, as well as other activity in the immediate vicinity and possibly even statements by other people at the scene.Determining for sure whether there are grounds to object to the search and seizure requires review of all of the reports regarding the case. Depending on the nature and quantity of the drugs seized, this could possibly be a serious case. In any event, the person involved should consult with a criminal defense attorney or, if he cannot afford private counsel, with the public defender if he is charged. Officer had probable cause to affect a traffic stop after he observed defendant ollowing too closely.Defendant's and passenger's behavior after stop provided reasonable suspicion to expand the detention, and a positive drug dog sniff provided basis for search of vehicle. I'm not aware of reason that the interpretation of the 4th Amendment would be any different in Oklahoma than it is in any other state. All states have to follow the US Supreme Court's decisions on 4th Amendment issues. It would be true that once an officer has conducted a pat down search and determined that there are no weapons, he is not allowed to go further in searching without either consent or a warrant.On the other hand, it is not the law anywhere that such a search must be limited to the feel of a gun. Any object which might possibly be used as a weapon can be retrieved during a pat down search. Whether retrieval of a bag of dope from the suspect's pocket would go beyond the allowable scope of the pat-down search would still depend on the totality of the circumstances, including what the bag of dope felt like (for example, was it a hard object that could be a weapon or a soft plastic baggie). There is another issue, as well.If this person is leaving a place for which a search arrant has been issued, the police already have a reasonable suspicion of involvement in criminal activity which would Justity a detention beyond a simple pat- down and identification. What else is said and done by others at the scene (cops and suspects) and what is found in the search may Justify extending the detention of the person who was leaving as a possible suspect in drug sales or possession. The search you asked about occurred under similarly exigent circumstances, the evidence was easily disposable and the intrusion was very limited.So, it seems to e, the evidence seized under the circumstances you described would still be admissible. 3. Kyle and Mel are detectives in the property crimes unit. They are investigating a case of leaving the scene of an accident. The victim's car suggested an impact on the right front bumper of victim's car. While canvassing a neighborhood on another matter, Mel sees a car parked in a garage. The garage is attached to the house, but the door is open. The car shows physical damage to the left rear quarter panel with smudges similar to those on victim's car.

Beringian Standstill Hypothesis of the First Americans

Beringian Standstill Hypothesis of the First Americans The Beringian Standstill Hypothesis, also known as the Beringian Incubation Model (BIM), proposes that the people who would eventually colonize the Americas spent between ten to twenty thousand years stranded on the Bering Land Bridge (BLB), the now-submerged plain beneath the Bering Sea called Beringia. The BIM argues that during the turbulent times of the Last Glacial Maximum about 30,000 years ago, people from what is today Siberia in northeastern Asia arrived in Beringia. Because of local climate changes, they became trapped there, cut off from Siberia by glaciers in the Verkhoyansk Range in Siberia and in the Mackenzie River valley in Alaska. There they remained in the tundra environment of Beringia until retreating glaciers and rising sea levels allowedand eventually forcedtheir migration into the remainder of the Americas about 15,000 years ago. If true, the BIM explains the long-recognized, deeply puzzling discrepancy of the late dates for the colonization of the Americas (Preclovis sites such as Upward Sun River Mouth in Alaska) and the similarly stubbornly early dates of the antecedent Siberian sites (the Yana Rhinoceros Horn site in Siberia; for some of this discussion, see ORourke and Raff). The BIM also disputes the notions of three waves of migration. Up until recently, scholars explained a perceived variation in mitochondrial DNA among modern (indigenous) Americans by postulating multiple waves of migration from Siberia, or even, for a while, Europe. But, recent macro-studies of mtDNA identified a series of pan-American genome profiles, shared by modern Americans from both continents, decreasing the perception of widely varying DNA. Scholars still think that there was a post-glacial migration from northeast Asia of the ancestors of the Aleut and Inuitbut that side-issue is not addressed here, see Adachi and colleagues, Long and colleagues, and Schurr and colleagues in the bibliography. Evolution of the Beringian Standstill Hypothesis The environmental aspects of the BIM were proposed by Eric Hultà ©n in the 1930s, who argued that the now-submerged plain beneath the Bering Strait was a refuge for people, animals and plants during the coldest parts of the Last Glacial Maximum, between 28,000 and 18,000 calendar years ago (cal BP). Dated pollen studies from the floor of the Bering Sea and from adjacent lands to the east and west support Hultà ©ns hypothesis, indicating that the region was a mesic tundra habitat, similar to that of tundra in the foothills of the Alaska range today. Several tree species, including spruce, birch and alder, were present in the region, providing fuel for fires. Mitochondrial DNA is the strongest support for the BIM hypothesis. That was published in 2007 by Tamm and colleagues, who identified evidence for the genetic isolation of ancestral Native Americans from Asia. Tamm and colleagues identified a set of genetic haplogroups common to most living Native American groups (A2, B2, C1b, C1c, C1d*, C1d1, D1, and D4h3a), haplogroups that had to have arisen after their ancestors left Asia, but before they dispersed into the Americas. In a 2012 study, Auerbach reports that although there is variation among the five (admittedly a very tiny population) early Holocene male skeletons which have been recovered from North America, the individuals all have wide bodies, a trait shared by Native American communities today and which is associated with adaptations to cold climates. Auerbach argues that people from the Americas have wider bodies than other populations around the world. If true, that also supports the isolation model, as it would have been a shared trait developed in Beringea before people dispersed. Genomes and Beringia A 2015 study (Raghavan et al.) comparing genomes of modern people from all over the world found support for the Beringian Standstill Hypothesis, albeit reconfiguring the time depth. This study argues that the ancestors of all Native Americans were genetically isolated from East Asians no earlier than than 23,000 years ago. They hypothesize that a single migration into the Americas occurred between 14,000 and 16,000 years ago, following the open routes within the interior Ice Free corridors or along the Pacific coast. By the Clovis period (~12,600-14,000 years ago), isolation caused a split among the Americans into northernAthabascans and northern Amerindian groupsand southerncommunities from southern North America and Central and South America. Raghavan et al. also found what they termed a distant Old World signal related to Australo-Melanesians and East Asians in some Native American groups, ranging from a strong signal in the Suruà ­Ã‚  of Brazils Amazon forest to a much weaker signal in northern Amerindians such as Ojibwa. Raghavan et al. hypothesize that the Australo-Melanesian gene flow may have arrived from Aleutian Islanders traveling along the Pacific rim about 9,000 years ago. In an article released the same week as Raghavan et al., Skoglund et al. reported similar research and resulting genetic evidence. While their results are largely the same, they emphasized the Australo-Melanesian gene flow among South American groups, terming it evidence of Population Y, and arguing that the data support a long-standing theory concerning ancient Australo-Melanesian voyages to the New World. This model is over a decade old, but was built on cranial morphology and has not had genome support before this time. Skoglund et al. admit that DNA has not been retrieved from crania exhibiting the supposed physical affinities to Australo-Melanesians. See Was there Pre-columbian Contact Between Polynesia and America for additional discussion. Archaeological Sites Yana Rhinoceros Horn Site, Russia, 28,000 cal BP, six sites above the Arctic Circle and east of the Verkhoyansk Range. Malta, Russia, 15,000-24,000 cal BP: DNA of a child burial at this upper Paleolithic site shares genomes with modern western Eurasians and Native Americans bothFunadomari, Japan, 22,000 cal BP: Jomon culture burials share mtDNA in common with Eskimo (haplogroup D1, see Adachi)On Your Knees Cave, Alaska, 10,300 cal BP (see Perego 2009 Paisley Caves, Oregon 14,000 cal BP, coprolites containing mtDNA Monte Verde, Chile, 15,000 cal BP, first confirmed preclovis site in the Americas Kennewick  and Spirit Cave, USA, both 9,000 years cal BP (wide body form, see Auerbach) Charlie Lake Cave, British Columbia, Canada Daisy Cave, California, US Ayer Pond, Washington, US Upward Sun River Mouth, Alaska, US Sources This article is a part of the About.com guide to the Population of Americas, and the Dictionary of Archaeology. Adachi N, Shinoda K-i, Umetsu K, and Matsumura H. 2009. Mitochondrial DNA analysis of Jomon skeletons from the Funadomari site, Hokkaido, and its implication for the origins of Native American. American Journal of Physical Anthropology 138(3):255-265. doi:10.1002/ajpa.20923 Auerbach BM. 2012. Skeletal variation among early Holocene North American humans: Implications for origins and diversity in the Americas. American Journal of Physical Anthropology 149(4):525-536. doi: 10.1002/ajpa.22154 Hoffecker JF, Elias SA, and ORourke DH. 2014. Out of Beringia? Science 343:979-980. doi:10.1126/science.1250768 Kashani BH, Perego UA, Olivieri A, Angerhofer N, Gandini F, Carossa V, Lancioni H, Semino O, Woodward SR, Achilli A et al. 2012. Mitochondrial haplogroup C4c: A rare lineage entering America through the ice-free corridor? American Journal of Physical Anthropology 147(1):35-39. doi:10.1002/ajpa.21614 Long JC, and Ctira Bortolini M. 2011. New developments in the origins and evolution of Native American populations. American Journal of Physical Anthropology 146(4):491-494. doi:10.1002/ajpa.21620 ORourke DH, and Raff JA. 2010. The Human Genetic History of the Americas: The Final Frontier. Current Biology 20(4):R202-R207. doi:10.1016/j.cub.2009.11.051 Perego UA, Achilli A, Angerhofer N, Accetturo M, Pala M, Olivieri A, Kashani BH, Ritchie KH, Scozzari R, Kong Q-P et al. 2009. Distinctive Paleo-Indian Migration Routes from Beringia Marked by Two Rare mtDNA Haplogroups. Current Biology 19:1–8. doi: 10.1016/j.cub.2008.11.058 Raff JA, Bolnick DA, Tackney J, and ORourke DH. 2011. Ancient DNA perspectives on American colonization and population history. American Journal of Physical Anthropology 146(4):503-514. doi: 10.1002/ajpa.21594 Raghavan M, Skoglund P, Graf KE, Metspalu M, Albrechtsen A, Moltke I, Rasmussen S, Reedik M, Campos PF, Balanovska E et al. 2014. Upper Palaeolithic Siberian genome reveals dual ancestry of Native Americans. Nature 505(7481):87-91. doi: 10.1038/nature12736 Raghavan M, Steinrà ¼cken M, Harris K, Schiffels S, Rasmussen S, DeGiorgio M, Albrechtsen A, Valdiosera C, vila-Arcos MC, Malaspinas A-S et al. 2015. Genomic evidence for the Pleistocene and recent population history of Native Americans. Science. doi: 10.1126/science.aab3884 Reich D, Patterson N, Campbell D, Tandon A, Mazieres S, Ray N, Parra MV, Rojas W, Duque C, Mesa N et al. 2012. Reconstructing Native American population history. Nature 488(7411):370-374. doi:10.1038/nature11258 Schurr TG, Dulik MC, Owings AC, Zhadanov SI, Gaieski JB, Vilar MG, Ramos J, Moss MB, Natkong F, and The Genographic C. 2012. Clan, language, and migration history has shaped genetic diversity in Haida and Tlingit populations from Southeast Alaska. American Journal of Physical Anthropology 148(3):422-435. doi:10.1002/ajpa.22068 Skoglund P, Mallick S, Bortolini MC, Chennagiri N, Hunemeier T, Petzl-Erler ML, Salzano FM, Patterson N, and Reich D. 2015. Genetic evidence for two founding populations of the Americas. Nature advance online publication. doi: 10.1038/nature14895 Tamm E, Kivisild T, Reidla M, Metspalu M, Smith DG, Mulligan CJ, Bravi CM, Rickards O, Martinez-Labarga C, Khusnutdinova EK et al. 2007. Beringian Standstill and Spread of Native American Founders. PLoS ONE 2(9):e829. doi:10.1371/journal.pone.0000829 Wheat A. 2012. Survey of professional opinions regarding the peopling of America. SAA Archaeological Record 12(2):10-14.

The Impact of the Dust Bowl on the Environment

The Impact of the Dust Bowl on the Environment Many accidents and natural disasters have done serious environmental damage to the United States. Some of the most famous events include the  1989  Exxon Valdez  oil spill, the 2008 coal ash spill in Tennessee, and the Love Canal toxic dump disaster that came to light in the 1970s. But none of these events, despite their tragic consequences, come close to being the worst environmental disaster in the United States. The worst was the 1930s Dust Bowl- created by the drought, erosion, and dust storms, or black blizzards, of the so-called Dirty Thirties. It was the worst and most prolonged environmental disaster in American history. The dust storms started at about the same time that the Great Depression really began to grip the country, and continued to sweep across the Southern Plains- western Kansas, eastern Colorado and New Mexico, and the panhandle regions of Texas and Oklahoma- until the late 1930s. In some areas, the storms didnt relent until 1940. Decades later, the land is still not completely restored.  Once thriving farms are still abandoned, and new dangers are again putting the Great Plains environment in serious jeopardy. Causes and Effects In the summer of 1931, the rain stopped coming and a drought that would last for most of the decade descended on the region. Crops withered and died. Farmers who had plowed under the native prairie grass that held the soil in place saw tons of topsoil, which had taken thousands of years to accumulate, rise into the air and blow away in minutes. On the Southern Plains, the sky turned lethal. Livestock went blind and suffocated, their stomachs full of fine sand. Farmers, unable to see through the blowing sand, tied themselves to guide ropes to make the walk from their houses to their barns. Families wore respiratory masks handed out by Red Cross workers, cleaned their homes each morning with shovels as well as brooms, and draped wet sheets over doors and windows to help filter out the dust. Still, children and adults inhaled sand, coughed up dirt, and died of a new epidemic called dust pneumonia. Frequency and Severity of Storms The weather got worse long before it got better. In 1932, the weather bureau reported 14 dust storms. In 1933, the number of dust storms climbed to 38, nearly three times as many as the year before. At its worst, the Dust Bowl covered about 100 million acres in the Southern Plains, an area roughly the size of Pennsylvania. Dust storms also swept across the northern prairies of the United States and Canada, but the damage there couldnt compare to the devastation farther south. Some of the worst storms blanketed the nation with dust from the Great Plains. A storm in May 1934 deposited 12 million tons of dust in Chicago and dropped layers of fine brown dust on the streets and parks of New York and Washington, D.C. Even ships at sea, 300 miles off the Atlantic coast, were left coated with dust. Black Sunday The worst dust storm of all hit on April 14, 1935- Black Sunday. Tim Egan, a New York Times reporter and best-selling author who wrote a book about the Dust Bowl called The Worst Hard Time, described that day as one of Biblical horror: The storm carried twice as much dirt as was dug out of the earth to create the Panama Canal. The canal took seven years to dig; the storm lasted a single afternoon. More than 300,000 tons of Great Plains topsoil was airborne that day. Disaster Gives Way to Hope More than a quarter million people fled the Dust Bowl during the 1930s- environmental refugees who no longer had the reason or courage to stay. Three times that number remained on the land and continued to battle the dust and to search the sky for signs of rain. In 1936, the people got their  first glimmer of hope. Hugh Bennett, an agricultural expert, persuaded Congress to finance a federal program to pay farmers to use new farming techniques that would conserve topsoil and gradually restore the land. By 1937, the Soil Conservation Service had been established, and by the following year, soil loss had been reduced by 65 percent. Nevertheless, the drought continued until the autumn of 1939, when rains finally returned to the parched and damaged prairie. In his epilogue to The Worst Hard Time, Egan writes: The high plains never fully recovered from the Dust Bowl. The land came through the 1930s deeply scarred and forever changed, but in places, it healed. . . After more than sixty-five years, some of the land is still sterile and drifting. But in the heart of the old Dust Bowl now are three national grasslands run by the Forest Service. The land is green in the spring and burns in the summer, as it did in the past, and antelope come through and graze, wandering among replanted buffalo grass and the old footings of farmsteads long abandoned. Looking Ahead: Present and Future Dangers In the 21st century, there are new dangers facing the Southern Plains. Agribusiness is draining the Ogallala Aquifer- the United States largest source of groundwater, which stretches from South Dakota to Texas and supplies about 30 percent of the nations irrigation water. Agribusiness is pumping water from the aquifer eight times faster than rain and other natural forces can refill it. Between 2013 and 2015, the aquifer lost 10.7 million acre-feet of storage. At that rate, the aquifer will be completely dry within a century. Ironically, the Ogallala Aquifer is not being depleted to feed American families or to support the kind of small farmers who hung on through the Great Depression and the Dust Bowl years. Instead, the agricultural subsidies that began as part of the New Deal to help farm families stay on the land are now being given to corporate farms that are growing crops to be sold overseas. In 2003, U.S. cotton growers received $3 billion in federal subsidies to grow fiber that would ultimately be shipped to China and made into cheap clothing to be sold in American stores. If the water runs out, there wont be any for the cotton or the inexpensive clothing, and the Great Plains will be the site of yet another environmental disaster.

Case Study (Tyco International LTD) - Easy Work

(Tyco International LTD) - Easy Work - Case Study Example within the multi-step income statement such as extraordinary activities demonstrate lack of transparency in business reporting and this justifies prohibition of IFRS for the presentation of extraordinary activities within the income statement. Tyco is characterized by acquisitions which aim at diversifying globally which has made it to have a highly decentralized structure. The working culture of the organization is motivated by the pursuit for continual growth and development. The company has many divisions which report to the head office. The decentralization within the company has led to the need for each of its divisions reporting their own financial statements separately. The senior management is the corporate office has led to aggressive reporting of financial statements by the company’s divisions through the high targets that they are expected to meet. Capitalization is the conversion of income into the value that the property that raised the income is estimated to be worthy. Capitalization also refers to the estimation of the present value of income for future earnings or payments. The $200 cash collection from the dealers of Tyco’s ADT subsidiary should be recorded as operating income. The operating income of a company must be included in its financial statement to enable accurate determination of the earnings of the company in relation to its expenses (Roxas 56). The $200 that was paid to the dealers as a growth bones would be equated to the same amount of income from the dealers if it is not capitalized and thus lead to an overall balancing of the financial statement. The fraud that Tyco was involved in led to an exaggeration of its operating income. The $1.76 billion should be recorded within its multi-step income statement as sales returns under the sales revenue of the operating section instead of categorizing this amount as gains from discontinued operations. This is because the IPO which generated the amount is a sale of one of the

International Trade Theory & Policy Essay Example | Topics and Well Written Essays - 1000 words

International Trade Theory & Policy - Essay Example The model further assumes that all markets conducting trade are perfectly competitive; hence goods are priced according to costs within the countries that produce them where there is a competitive wage in each country. Another assumption is that labor is present in fixed supply in both countries and is static between countries yet perfectly mobile within each country. Modern formulations of the Ricardian model specify for both countries utility functions that the consumers represented maximize on the basis of budget constraints. According to the model, each country specializes in producing goods for which it has comparative advantage. This allows both countries to export goods for which it can gain profits (Bowen, Hollander & Viane, 1998). With such specialization, productivities and labor endowments determine food outputs; hence world prices are dictated by the countries’ demands, which is equal to the supply amount of one country in free and frictionless trade. Both countrie s gain from such trade as trade allows for the expansion of exports production and labor is reallocated to exports from importing industries. Additionally, trade under the Ricardian model increases the relative price of both countries’ exports. ... The model assumes that both trading countries have similar production technologies, thus producing identical output of any commodity can be attained with an equal capital and labor level in both countries (Suranovic, 2010). The model also assumes that output product has constant return to scale in order to produce equilibrium. Additionally, technologies utilized in the production of both commodities differ substantially and labor is costless in terms of mobility within countries. The model also assumes that commodities produced in the countries have similar prices everywhere and countries operate in perfectly competitive markets internally thus labor and capital do not affect prices or production factors. It also assumes that trade is free of government interference in market functioning. When labor becomes more expensive than capital, labor-intensive products are at a disadvantage and become quite expensive compared to products that are not labor-intensive. Under free trade, assumed in the Heckscher- Ohlin model of trade the price of goods in both countries is similar; hence the wage-rent ratio is also the same in both countries. However, when labor becomes expensive, more capital in needed to produce products that are labor intensive and those that are not (Krugman & Obstfeld, 1988). When machine use per worker is similar in both countries, these factors will falsify the equality of wage-rent ratio. Effects of tariffs imposed by â€Å"small† countries A small country refers to a country whose trading partner is big enough to meet its imports supply. Tariffs imposed by small countries increase the price of imports above world prices by the value of the tariff (Jonathan & Kortum, 2002). This

Culture, Technology & Ware Essay Example | Topics and Well Written Essays - 500 words

Culture, Technology & Ware - Essay Example This war led to a division in America. Political and ideological thinking of Americans were also defined by this war. According to Bourque (2010), â€Å"for political and ideological reasons, many today  do  identify all who  willingly engage in sympathy for the Confederate cause,  such as supporting the flying of the Confederate flag, to be engaged in an insult to the United States, an insult to African-Americans, an insult to the human race, an insult to civilized values, close to seditious activity, and close to hate crimes activity.† How people view and think today, can be said to have been rooted to their history. There are many benefits and consequences of wars. One of the most significant effects of wars is its influence to economic institutions and trade patterns (Goldstein, n.d.). War also influenced technological developments. But the despite these influences, chronic wars has drained wealth, disrupted markets and depressed economic growths as well as multiple deaths(Goldstein, n.d.). Across time, changes in the art of war and weaponry occur. Technological advancement often follows necessity in military. According to Professor Goldstein (n.d.), â€Å"governments can coordinate research and development to produce technologies for war that also sometimes find civilian uses (such as radar in World War II).† Developments in communications technology, surveillance, and target acquisitions systems help improve the means of command and control of the military (Anand, n.d). As of right now, we have new advances in biotechnology and nano-technology which have great impact on human health. The conduct in warfare is changing over time. These advances in technology changed the processes in our military and the efficiency of doing their responsibilities. Future warfare may utilize advanced technology and weaponry. Because of these developments, it is just very easy to start a war between one place and

Evaluate Kodaks Position In Traditional Photography Media Essay

Evaluate Kodaks Position In Traditional Photography Media Essay In 1880, George Eastman invented the first camera which uses a dry-plate formula and also a machine to make these plates (Gavetti et al, 2005). George established Eastman Kodak Company in Rochester, New York. The dry plate technology was later replaced by film rolls named as Kodak. In 1888, Kodak Company introduced the camera with the tag line, You press the button we do the rest'(Gavetti et al, 2005). The main goals of company to be successful were to mass produce at low cost, worldwide distribution, aggressive advertising, customers need oriented and continuous RD. In the article Kodak and the digital revolution by G. Gavetti, R. Henderson and S. Georgi, Eastman quoted that, Nothing is more important than the value of our name and the quality it stands for. We must make quality our fighting argument. Kodak used the razor blade model for the business and sold out cameras at cheaper price, while the cost of film and developing was higher. Kodak developed color films in 1921 and was first introduced for consumers in 1963. By the end of 1967, Kodak holds 90% of film making and 85% of camera sales (Gavetti et al, 2005). In 1981, Sony Corporation introduced the first digital camera named Mavica. Kodak had this technology before Sony launched it, but they were afraid of cannibalization of the silver halide technology. Fuji Film came in to market with a 400 speed color film and low cost photographic papers. It was the official sponsor of Olympics 1984. By the end of 1993, Fuji acquired 21% of worldwide market (Gavetti et al, 2005). In 1993, Kodak hired Fisher as the new CEO of the Company. Fisher changed the razor blade business model to network and consumables model. Fisher tried to change the way of thinking at Kodak Company but it did not worked. Later, Fisher was replaced by Former General Manager of Kodak Canada, Daniel Carp. Carp resumed with the same business model. Kodak now excelled in cameras, online services and image printing at kiosk or inkjet printers. Evaluate Kodaks position in traditional photography. Why has the company historically been so successful? In 1885, Eastman established Kodak with the aim of producing a user friendly product. The slogan did the thing of marketing for the company, i.e. You click the button we do the rest.'(Gavetti et al, 2005). The company was very successful and there were literary no competitors to them. Kodak believed in quality and customer need satisfaction. Kodaks marketing strategy kept the customers away from switching to other cheaper brands. The razor blade model helped the company to fetch profits from films and image processing. The introduction of color imaging lagged the competitors far behind. To conclude, during 1970s, Kodak was very successful because of continuous innovation, customer satisfaction and aggressive marketing. This allowed Kodak to setup a standard barrier for other companies to enter the market. Compare traditional and digital imaging. What are the main structural differences? How have value creation and appropriation changed in digital relative to traditional photography. Traditional imaging used silver halide technology while digital imaging used electronic image sensors. Both these technologies are different from the technological point and also in structure and organization of company. In the traditional imaging, films were the only means of storage and Kodak had mastered in that field. While in the digital technology, as the barriers can be easily overcome, there were many new entrants in the market like Fuji and Sony. Digital imaging led to a fast change in the market. The prices fall drastically and customers now need more complementary resources. This new technology was more based on horizontal structure of the company rather than vertical. This led to a complete change in the organization of the company. Companies developed the habit of first mover policy for a particular segment of supply chain. Customers were provided with different complementary resource and continuous improvement in the technology created appropriate value for the company. Thus, digital imaging has led to segmentation of customers based on prices, quality of images, user friendliness and type of storage. Each company should focus on a particular segment and try to maximize its appropriation and thereby the profit margins. Evaluate Kodaks response to Sonys introduction of Mavica in 1981. Kodak used the Razor Blade model in the business of cameras and image processing. They sold cameras at cheaper price and obtained high profits for films and image processing. Kodak earned its profits from film and not from cameras. This model was successful for Kodak and they earned $1 billion in 1962 and captured 85% of the USA camera market(Gavetti et al, 2005). Kodak was recognized for its quality and people preferred Kodak over low cost other brands. In 1981, Sony introduced Mavica, a filmless camera. It stored images in a floppy disk and these images can be seen directly on TV sets. Kodak was afraid of cannibalism of its silver halide technology. The profit margin of silver halide technology was at least 50% more compared to digital imaging. So Kodak decided to continue with the traditional photography. Later Kodak was threatened by the digital photography and so they decided to diversify their business in fields like pharmaceutics, clinical diagnostics and mass storage. This led Kodak away from its core business of photography. Kodak also invested in the digital imaging technology but majority of business was still focused on film photography. Kodaks response to Sonys introduction of Mavica was inappropriate. Kodak management was very much engaged in the traditional photography that they ignored the threat of digital imaging. According to Porters five forces, 1) Rivals like Fuji and Sony were increasing market share by introducing cheap and differentiated products from Kodak. Rivalry is the biggest threat to any company. 2) Other substitutes like mobile phones with camera and camcorders were introduced by other companies. 3) Consumers were moving towards digital cameras were they can save money on printing. Instead of continuing with the traditional photography and looking for higher profits, Kodak should have moved on with new technologies to gain an edge over rivals as they were already holding a large amount of market share. Fisherss Attempt to transform Kodak. In 1993, Kodak replaced Whitmore by hiring George Fisher. Fisher was former CEO of Motorola. Fisher misjudged Kodak as an imaging company and not a film making company. Fisher wanted Kodak to focus on imaging rather than diversified business. Fisher closed most of the diversified business like pharmaceuticals and chemical industry. Fisher helped Kodak to reduce the cost of production by developing joint ventures in China. Fisher also tried to re organize the company and rethink how to expand Kodaks market. Fisher wanted Kodak to make profits in hardware like Motorola and so he developed costly digital cameras which were unsuccessful due to high competition. Fisher had worked in an environment where people argue with each other and make the decision more effective. While Kodak was the company where people were trained to take orders from top management and never argue about it. Thus fishers attempt to make Kodak like Motorola has failed as Kodak is not a hardware company but a service company. Moreover, employees of Kodak were not accustomed to argue with the top management in making decisions. Kodaks current position in Digital imaging. Initially when Kodak entered the market in 1888, their business model was razor blade model. They started selling cameras at cheaper price and earned profits from films and image development. During the era of traditional photography, Kodak earned huge profits from making films and chemicals for image development. After the development of 1st digital camera by Sony in 1981, the market for traditional film photography started shrinking. Kodak took long time before they entered in the digital imaging market. Thats the reason they came down to position 3 in the industry behind Fuji and Nikon (plunkett). Today, Kodaks business is divided in 3 major segments namely, Graphic communication group (GCG), consumer digital imaging group (CDG) and film, photofinishing and entertainment group (FPEG). Sales of 2009 have decreased compared to 2008 due to economic slowdown. Over 2008, Kodaks 2009 GCG sales decreased by 18%, CDG by 15% and FPEG by 25%. Position of Kodak, had they adopted digital imaging strategy in 80s and 90s. The digital imaging era began in 1981, when Sony launched the 1st filmless camera to the market. During this period, Kodak ignored the change in the market and kept on going with the traditional imaging. The company was looking for profits and forgot to consider the future trends. During 1980s, Whitmore tried to diversify the company to various unrelated business. If they had not invested in all those industries and invested in digital imaging, the scenario would be completely different. Kodaks view of digital imaging in 1980s as photo CD was also a disaster. They spend millions of dollars in developing this project and finally end up distributing to the wrong segment of customers. Fishers idea of concentrating on core business was good, and he paid off debts by selling the unrelated business. But he failed to restructure the company as digital imaging company. His idea of Kodak as hardware Company was a blunder as Kodak was good at services rather than hardware production. All this events led Kodak away from the core profitable business of imaging. It allowed rival industries to get ahead in terms of sales and market share. Fuji is making out profits by developing large number of minilabs across the world.

hindu :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  The sixth century B.C., the Hindu religion and the caste system had become a way of life in India. They believed that the only way to gain salvation was by obeying caste rules and following complex ritual. The people taught these ritual were to strict, and did not meet the needs of the common people. So they started to listen to other religions.   Ã‚  Ã‚  Ã‚  Ã‚  Buddhism is a religion founded in India, that share some comparison with Hinduism. Buddhism was founded by an Indian prince born about 563 B.C. His father, a wealthy noble, wanted to protect his son from the harsh realites of the world. But his father couldn’t protect him forever, and when he was about 29 years old he saw a dying man, a sick man in pain and a religious beggar. After seeing these things the prince worried, why was so much sorrow in the world. Then when he was about 35, Siddhartha Guatama decided to sit under a fig until he found answers. He was there for forty-nine days, and that day he saw the reason for life suffering and a way to overcome them.   Ã‚  Ã‚  Ã‚  Ã‚  Gautama started to speak of Four Noble Truths. The first was, sorrow and suffering are part of life. Second, people suffer because they try to get things they can’t have. Next, you had to reach a state of â€Å"not wanting†. The fourth they should have neither too much nor too little pleasure.   Ã‚  Ã‚  Ã‚  Ã‚  Both Hinduism and Buddhism shared some of their beliefs. But there are some differences. Buddhism placed most importance on one’s life, than one caste and they saw little value in complex rituals. He taught that a person could get enlightenment in one lifetime. As Buddhism spread, disagreements grew up about some of its teachings and beliefs. At first Buddha was saw as a guideline for living. His followers saw him only as a teacher. Then a philosopher named Menius taught that the welfare of the people were the main concerns of a ruler. And if that wasn’t the rulers main affair, he should be overthrown. Confucius a traveling bureaucrat named K’ung Fu-tzu, was regarded as China’s greatest thinker and teacher. He was not really concern with the soul, the afterlife nor the worship of gods. He was more concern with questions of morality. Confucius had five basic relationships. They are: between ruler and subjects, father and son, husband and wife, older and

Study of Behavioural Finance: A Critical Evaluation

Behavioural Finance is a relatively new and popular subject in the area of finance which is being widely used in the stock markets world over. Behavioural finance is the study of the psychology of the investors in connection with their financial decisions. It is usual that the investors fall prey to the mistakes committed by their own decisions or due to the advise of others by using their emotions in the investment decisions.The study of behavioural finance tries to explain the action of the people in forgetting the fundamental principles of financial decision making and making investments on the basis of emotions. 2. 0 Fundamentals of Market Efficiency: An efficient stock market is one in which stock prices fully reflect available information. According to Andrei Shleifer (2000) there are three determinants of market efficiency. They are (1) Rationality, (2) independent deviations from rationality, (3) arbitrage. 2. 1 Rationality:Under the conditions of rationality, it is assumed t hat when new information is released in the market place, all investors will adjust their estimates of stock prices in a rational way, without heeding to their emotions. This is one of the foremost assumption and condition basic to classify the stock market as efficient. (Ross Wasterfield Jaffe) 2. 2 Independent Deviations from Rationality: Due to emotional resistance it may so happen that some investors could just as easily react to the new information in a pessimistic manner.If the investors are primarily of this type the stock market prices are likely to rise less than the expectations of an efficient market conditions. On the other hand if a proportion of the investors was irrationally optimistic and reacts positively to the new market information then there is the likelihood of an increase in the stock market prices. Since the stock market will consists of investors of both kinds always the stock market would remain efficient. Thus this condition also leads to an efficient stoc k market. (Ross Wasterfield Jaffe) 2. 3 Arbitrage:The stock market consists of both irrational amateurs and rational professional investors. Based on their irrational thinking some times the amateurs may carry the stocks either above or below their efficient prices. This irrational thinking comes as a result of their emotions about the valuation of the stocks. The professionals on the other hand do not react on the basis of their emotions but evaluate the market information coolly and clearly and make their investment decisions. This way the professionals have more confidence than that of the amateurs.This enables the professional to take larger risks on certain stocks even knowing that such stocks are mispriced, while the amateurs might take risk for a smaller sum. Here ‘Arbitrage’ comes into place. Arbitrage generates profit from the simultaneous purchase and sale of different but substitute securities. If the arbitrage of professionals dominates the speculation of am ateurs markets would still be efficient. This is one of the determinants of market efficiency. (Ross Wasterfield Jaffe) 3. 0 Behavioural Challenge to Market Efficiency:According to Prof. Shleifer any of the above three conditions would will lead to market efficiency. Normally it is assumed that at lease one of the conditions would be prevalent in the real world. But many academicians argue that none of these conditions would hold good in reality. This point of view is based on what is called the ‘behavioural finance’. According to this theory there are several factors that influence the investment decisions of the individuals like tax planning as well as profit maximization.By their trading the investors create commissions as well as taxation. This naturally brings irrationality into their investment decisions. However the behavioural theory states that ‘not all investors are irrational; rather it is that some perhaps many investors are’. On the question of deviations from rationality there are two principles of psychology namely ‘representativeness’ and ‘conservatism’ that can be applied to finance and market efficiency where people deviate from rationality.Under the condition of representativeness people act and draw conclusions from too little data. This principle when applied to stock market, in a market dominated by representativeness there is every chance that the market may move toward a bubble. It may so happen that people see a sector of the market, for instance internet stocks having a short history of high revenue growth may attract more investors in the hope that the revenue growth would continue for ever. When the growth inevitably stalls the stock prices have naturally to come down.Under the second principle of ‘conservatism’ people are considered too slow in adjusting their beliefs to new information. The stock prices seem to adjust slowly to the information contained in the earnin gs announcements due to slow reaction of the investors to adjust their belies to the new information under conditions of conservatism. (Bernard and Thomas, 1990) Under ‘arbitrage’ concept of efficient market it is suggested that the professional investors, even though they know certain securities are mispriced they could buy them by selling the correct priced or over priced substitutes.This might result in undoing of the mispricing caused by the emotional amateurs. But the behavioural finance theory claims that trading of this sort is likely to be more risk. There is a possibility of this correction only when the amateurs act in opposite way to the way in which the professionals act. Moreover the volume handled by the amateurs should be relatively small for the professional investors’ actions to take effect. There is also a possibility that the amateurs make further mispricing of the securities.This risk of further mispricing even when there is no new market info rmation might demand the professionals to cut back their arbitrage position. Thus the near term risk would reduce the size of arbitrage strategies. In conclusion the arguments presented here suggested the determinants or conditions leading to efficient markets in reality do not exist. The behavioural finance theorists suggest that the investors may be irrational, irrationality may be related across investors rather than cancelling out across investors and arbitrage strategies may involve too much risk to eliminate market efficiencies.` 4. 0 Behavioural Finance and Keynesian Approach: â€Å"A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as a result of the sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; Since there will be no strong roots of conviction to hold it steady. † (Keynes, 1936)Thus it may be noted that the relevance of the psychological factors to the operation of the stock market and the relative changes in the prices and their impact on the economic development is not entirely confined to the review by behavioural economic theories or financial theories. The origin of this phenomenon can be traced back to the works of Keynes with his remarks of ‘animal spirits’ and the part played by uncertainty and confidence in contributing to the growth of the economy and creation of employment opportunities.According to Keynes the psychology of the economic agents is susceptible to disturbances and manipulation. It is viewed that psychology is one of the key elements in shaping up the economy which is in quite contrast with the view of the main stream where the emphasis is always placed on the rational behaviour of various economic agents. Hence there may arise an argument that the approaches of behavioural finance in describing the impact of the psychological factors are m ostly the justification of the Keynesian ideas.Kindleberger (1978) has provided a description of the behavioural aspects of the financial markets closely resembling the ideas of Keynes. According to Livio Stracca (2004) â€Å"the behavioral finance literature, however, contains some important innovative elements compared with the Keynesian approach, namely the stronger focus on experimental – and in general empirical – evidence and the larger use of formal models, which may lead to sharper predictions.So, one might conclude that while behavioral finance is close in spirit to the Keynesian tradition, it makes use of a different methodology and analytical framework. † 5. 0 Objectives of Behavioural Finance: Though subjected to severe criticism the contribution by behavioural finance to modern finance is considerable. The main objective of behavioural finance is to understand and report on the implications of the investors’ psychological reactions on the sys tematic market behaviour.It is important to consider the impact of such psychological reactions on the markets from an economic perspective especially on those markets which are large and does not have nay strategic interactions. (Mas-Colell, 1999) The existing theories of behavioural finance are not matured enough to provide a coherent and unified explanation for human behaviour in the context of market transactions as is expected in the main stream economics and modern finance have provided through the expected utility theories.However there are certain studies like the ‘cumulative prospect theory’ contributed by Starmer and Sugden (1989) and Tversky and Kahneman (1992) provide better alternative theories on the behaviour of market agents acting under risk which may be considered as superior to the expected utility theory. The economic perspective of the behaviour of the agents on the basis of maximization of the expected utility is not accepted by the behavioural fin ance.The ground on which such rejection is attempted relates to the evidences available to point out that market agents do not behave according to the axioms of expected utility both under circumstances of controlled experiments as well as in real life situations. (Starmer, 2000) According to Livio Stracca (2004) the focus of the behavioural finance is to describe the human behaviour in a positive way under conditions of risk and uncertainty instead of a normative approach of such behaviour which is typical under the mainstream approach. 6.0 Conflict between Modern Finance and Behavioural Finance: The concept of behavioural finance has always been subject to criticism. Ball (1996) and Fama (1998) have contributed much in this direction. Apart from this there had been continued conflicts between the Modern Finance (also described as ‘Financial Economics’) and the behavioural finance theories. The modern finance has always tried to overrule the behavioural finance theory by adding its own methods and models on the latter without any major changes in its own methodology.In other word the modern finance has marginalized the behavioural finance by converting it to an ‘anomalies literature’ as conceived by Frankfurter and McGoun, (2000) The results and findings of various studies in the area of Efficient Market Hypothesis and Capital Asset Pricing Model combination have cast serious doubts on the ability of these concepts in establishing any acceptable finance theories on the stock market behaviour in the modern finance area. This has also resulted in a â€Å"potentially precipitating crisis† for the modern finance theory.However instead of understanding and appreciating the seriousness of these problems, the theorists named them ‘anomalies’ and accepted them to denote an acceptable group of aberrations against common beliefs rather than viewing them as serious challenges to the whole beliefs themselves. The theorists li ke Fama (1998) also suggested that such anomalies can be made to disappear by gathering more data with more diligence and putting the data so collected to rigourous statistical tests. However there were conflicting views to this approach and this formed the basis for the behavioural finance theory. 7.0 Role of Anomalies in Behavioural Finance: The word ‘anomaly’ has gained a substantial recognition and prominence in the literature relating to finance as a branch of economics. The word also denotes a complete set of studies that have brought out evidences which are in contrast to the theory of efficient market hypothesis and/or the Capital Asset Pricing Model (CAPM) The conceptual purpose of anomalies has two dimensions in the study by These dimensions relate to the identification of the significance of the term in the area of finance and the role of anomalies in the growth of scientific knowledge in the financial world.The word ‘anomaly’ has been defined di fferently by different scholars. But the word ‘anomaly’ in financial economics focuses on the irregularity, or a deviation from the common or natural order, specifying an exceptional condition. In order to provide a meaning to these terms Thomas Kuhn (1970) states â€Å"Discovery commences with the awareness of anomaly, i. e. , with the recognition that nature has somehow violated the paradigm-induced expectations that govern normal science. It then continues with a more or less extended exploration of the area of anomaly.And it closes only when the paradigm theory has been adjusted so that the anomalous has become the expected. †(Kuhn, 1970) An extensive study of the anomalies would result in a scientific approach to the whole issue of the behavioural finance aspects. 7. 1 Post –Earnings Announcement Drift and Behavioural Finance: Most of the studies show that the stock returns are highly predictable after the announcement of the earnings. It so happens t hat the stock prices react instantly to the announcements about the earnings and will continue to change during the first three quarters in the same direction.The prices will reverse the direction partially in the last quarter. Chan et al (1996) have illustrated that the changes after the post-earnings announcements do not have any relation to the price momentum. It has also been established that the post-earnings announcement changes is closely correlated to the behavioural model in the same way as the prices react very slowly to the market information . Bernard and Thomas (1990) present a model in which the investors do not have any knowledge about the potential for the future earnings. 8. 0 Financial Anomalies and Behavioural Finance:A financial anomaly can be explained as a documented pattern or price behaviour which is not consistent with the â€Å"prediction of traditional efficient markets, rational expectations asset pricing theory† (Alon Brav and J B Heaton, 2002) Th is theory comprises of two characteristic features. The first one is that the investors have a through knowledge of the basic structure of the economy and the second one is that the investors are expected to be â€Å"rational information processors† who are capable of arriving at statistical decisions that are optimal.According to the Freidman (1979) the investors in the benchmark theory are able to possess knowledge and are able to â€Å"access both to the correct specification of the ‘true’ economic model and to unbiased estimators of its coefficients†. However in view of the increased evidences against the traditional models, competing theories of financial anomalies have been evolved. On the evolution of these theories certain relaxations have been made to the two assumptions of ‘full knowledge of the economy’ and the ‘rational information processing capabilities’. The second assumption has the relaxation backed by the behavio ural explanation.The behavioural theory suggests that the investors due to the impact of the cognitive bias may not have the capacity to process the information rationally (Thaler, 1993). The results of the experiments conducted to study the behavioural finance theories provide the basis for many other behavioural theories that though the investors possess a sound knowledge of the basic structure of the economy the investors tend to act irrationally. Thus the irrationality found in the behavioural finance forms the basis for several theories that explain the financial anomalies.According to Shiller (1981) there are evidences to show that the stock prices vary to a large extent in close relation to news about future dividends etc. due to the financial anomalies emanating from irrationality. Here again it can be seen that the behavioural finance theory provides the basis for the financial anomalies. 8. 1 Behavioural Finance and Asset Pricing: While the behavioural finance is considere d to have identified the financial anomalies there are chances that these anomalies may affect the market prices of securities.On a survey these anomalies have been grouped under different categories by Livio Stracca (2003) in the paper ‘Behavioural finance and asset prices: Where do we stand? ’ and the study extends further to assess how these anomalies may affect the stock market prices. The anomalies can be explained as the qualities of the behaviour of the economic agents that do not come under the purview of the expected utility model of the main stream economics. There are quite a number of anomalies identified by the behavioural finance based on the experimental evidences. Some of the anomalies are discussed hereunder: Decision Heuristics:One of the major anomalies identified by the behavioural finance theory is the action of the representative agents in using available short cut methods and rules of thumb while considering various alternatives since he may not h ave the ability to solve the problems that are complex in nature in view of the costs involved in deliberating and optimizing the revenues. Emotions and Visceral Factors: These factors do have a role in the decision making process of the agents (Loewenstein, 2000) Choice Bracketing: This denotes the general tendency of the agents to narrow down the choices due to the complexities involved in the alternatives.One of the examples is the shorter time available for decision making. Stochastic and Context-dependent Preferences: The theory has identified the presence of stochastic and context dependent preferences in the place of ‘well defined and deterministic’ preferences which are a rarity. (Loomes & Sugden, 1995) Reference Dependent Models: In the review of anomalies by the behavioural finance there is no precise and abstract definition of the preferences of the consumers in terms of consumption or other variables as has been dealt with in the standard approach; rather th ere are reference points identified to denote the preferences.However, it must be noted that till date there is no precise behavioural finance model which has considered all the anomalies and made an analysis there of (Shleifer, 2000). 9. 0 Accounting Anomalies and Stock Market Efficiency: Some part of the trading in securities which are subjected to behavioural aspects of human beings relate to the trading on the basis of the balance sheet data and opinions expressed by the statutory auditors of the listed companies. Hirshleifer et al.(2004) and Taffler, Lu and Kausar (2004) have documented the impact of trading on the basis of accounting results and audit opinions and the abnormal returns resulting there from. However Sudipta Basu (2004) opines that the study has not taken into account the high transaction costs involved especially in selling transactions which would prove that the trading strategies on the basis of accounting results might become unprofitable. Sudipta Basu (2004) further argues that though the study of Hirshleifer et al.and Taffler et al cite the behavioural finance theories to explain the reasons for the abnormal returns, market inefficiencies may arise due to â€Å"poor market designs, poor benchmark models, regulatory interferences, test misspecification or other joint hypothesis violations† (Sudipta Basu, 2004) He is of the opinion that there are some other factors other than behavioural finance theory that will explain the abnormal returns and the reaction of the stock market while trading merely on the basis of the accounting data and the audit reports of the listed companies.10. 0 Behavioural Finance Theory – Impact of Gender Differences: The individual investor behaviour had been studied extensively by Odean (1998) and Barber and Odean (1999). The studies have provided normative and empirical results about the various investor behaviours. The studies have proved the basic facts that the investors trade in securities to a great extent and the trading largely reduce the net gains of investors. It has also been proved that the investors are reluctant to realize that they are making losses in such trading.The studies also show that there is more number of men dealing in securities than women. In the United States 80 percent of the investors are males while women constitute only 20 percent of the investing public. Barber and Odean (2001) show â€Å"that men trade 45 percent more than women. Trading reduces men's net returns by 2. 65 percentage points a year as opposed to 1. 72 percentage points for women. † As a part of the behavioural finance L. Feng, M. S. Seasholes (2007) conducted a study on the participation of men and women in the securities trading in the Peoples Republic of China.The results of the study was in stark contrast to the existing studies in which it was found that both male and female investors take part almost equally in the stock trading in China. The study also reports th at men have slightly larger portfolios and take greater risks than women. But the investment behaviour of both men and women are more or less similar in the following respects: ? Both males and females suffer from an equal home bias. ? It is the tendency of the men to invest in stocks with higher betas and mostly the stocks women buy over-perform the stocks bought by men.Similarly the prices of stocks that are being sold by men go down to a larger extent than those being sold by women. In sum the performance of both genders remain more or less same on a statistical base. ? The trading intensity among both the genders remain the same though men tend to trade more before controlling the factors like the number of share and the ability to trade on the stocks over telephone. After giving effect to these factors the trading intensity of men and women remain the same.The study also revealed that the gender differences do play a role in the stock trading in China to the extent the faciliti es for remote trading through telephone and compute are available. This is understandable due to the fact most of the people trading in stocks are youngsters and the young women who have other occupations may not have the chance of trading by physically visiting the stock exchange. They need the support of the trading through telephone or computer and this affects their trading tendency.This interpretation of trading by young investors is corroborated by Barber and Odean (2002) by their study on the young men representing the active investors. This study goes to prove the application of the behavioural finance theory on the investment behaviour of the different genders and it is proved that both men and women behave in the same way as the behavioural finance theory assumes with irrationality and deviations from rationality depending on the circumstances. It can be observed that the gender makes no difference in the application of the behavioural finance theory with respect to the st ock market trading.11. 0 Behavioural Portfolio Theory: Hersh Shefrin and Meir Statman (2000) have developed a Behavioural Portfolio Theory (BPT) based on the lines of the work by Friedman and Savage (1948). The authors have developed the theory on the foundation of the prospect theory advocated by (Kahneman and Tversky (1979) which in turn was developed on the work of Friedman and Savage (1948). The BPT also suggests an efficient frontier which is not equivalent to the mean variance coefficient frontier.In mean-variance investors select the portfolios on the basis of the mean and variance where as the BPT investors take the anticipated wealth, their intention to ensure security and the potential aspiration levels that the investors want to reach as the base for their investment decisions. The optimal portfolio decided by the BPT investors is also different from that of the CAPM investors. The optimal portfolio of the investors under CAPM prefers a combination of a market portfolio a nd the risk factors associated with the securities. In the case of BPT the optimal portfolio mostly looks like a combination of bonds and lottery tickets.12. 0 Criticisms on Behavioural Finance Theory: The important people among the theorists who raised sever criticisms against behavioural finance are Ball (1996) and Fama (1998). Ball (1996) adopted a direct approach in leveling his arguments by saying that the Efficient Market Hypothesis has to be continued to be adopted because 1. There was no alterative theories available which can better explain the stock market behaviour 2. The Efficient Market Hypothesis was considered sufficient at that point of time taking into consideration the application of the principles of the theory and3. The Efficient Market Hypothesis had been accepted by everyone. Ball (1996) considered the contribution of DeBondt and Thaler (1985, 1987) to the behavioural finance as the only alternative to the Efficient Market Hypothesis and dismissed it by describ ing it as the investors’ myopia developed by DeBondt and Thaler (1985, 1987). He also found the work of these authors as ‘grossly inconsistent’ with the possible notions of the modern stock markets which are highly competitive and also that the behavioural finance is also ineffective with its anomalies.The approach of Fama (1998) in criticizing the behavioural finance is different from that of Ball (1996) in which he made a comparison of the contributions by 20 different authors and formulated his own views and opinions to discredit the concepts of behavioural finance. Fama (1998) made a thorough screening of the papers selected and followed a systematic approach to discredit the empirical evidences in support of the behavioural finance. Based on this analysis he argues that since the evidences on the behavioural finance are only random and conflicting the behavioural finance itself presupposes the efficient market hypothesis.Fama (1998) selected the papers for s tudy from the domain of ‘post-event studies’. By a study of these papers he arrived at the view that behavioural finance is nothing but a synonymous representation of the anomalies encountered in the event studies. Fama (1998) thus makes the point that â€Å"in short, BF is nothing more than an aggregation of so-far inexplicable phenomena encountered in testing the EMH/CAPM. It has no independent existence; it is not a methodology in its own right; it has been assimilated. † 13. 0 Conclusion:Form the foregoing discussion it is observed that the behavioural finance opposes the existence of the three determinants namely rationality, deviation from rationality and arbitrage decisions which form the basis of an efficient stock market. The behavioural finance theory thus aims at studying the psychological behaviour of the investors in their investment decisions. The theory encompasses views that are contradicting the concepts promoted by the efficient market hypothesi s and also the capital asset pricing model.The theory has made an analysis of various financial anomalies in order to report the impact of such anomalies on the stock market operations and the stock prices. The behavioural finance theory can be regarded as an extension of the Keynesian views on psychology as it affects the economic development. It has been observed that there are certain accounting anomalies which also affect the behavioural pattern of the investors. It has also been observed that gender differences do not affect the concepts of the behavioural finance. There are different financial anomalies identified by the behavioural finance theory.The theory was also subject to severe criticism on its applicability to varying market situations. References: Alon Brav and J. B. 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