Care n Christian Communities Essay Example | Topics and Well Written Essays - 250 words

Care n Christian Communities - Essay Example the rope have responsibility over the other, but individuality and the reactive process divides the individuals responsibility over whether to hold onto the rope, or to pursue his passion (Richardson 26). The two people cannot be the same person. This is because they are dressed similarly, but one has a rope tied on his or her waist. They were also coming from different directions. Their difference in thoughts also suggests that they have totally different personalities. One person is wise while the other does not demonstrate wisdom in his words (Richardson 80). In this fable, the person holding the rope empowers the one suspended to make a decision. The man who is suspended by the rope is empowered to make a choice between helping himself and being set free. The suspended person is, therefore, the ultimate decision maker (Richardson 67). One can identify their role by analyzing the situation they encounter. This can be done by judging ones responsibility, and whether the other person is willing to participate in that responsibility. It is equivalent to taking leadership in a situation. I contribute to new possibilities in such situations by offering options or choices that can be made (Richardson 180). One core concept of family systems theory is communication. Family systems use regulatory patterns of interaction and communication in the process of adapting to external and internal changes, and this leads to development of rules and roles governing individuals. In this fable, the two individuals must interact in order to come up with a solution. They both have to make contributions in order to overcome the situation they are facing. One person has to hold on tight while the other has to make a choice of pulling himself up. This core concept provides a compelling view that suggests individual are affected by societal patterns, and they have to contribute to it (Richardson

It Is Good to Be Different Essay Example for Free

It Is Good to Be Different Essay Everyone is different, and each of us has its own personality Owned. But it is nice to be different? Be distinguished from the others. What is to be different? Do you feel alone, living in their different world It is hard to be different. Everyone sees you as an outsider and will not accept in their world. Among them is the fear that something more of them, others see it as something more unworthy and unnecessary. It is hard to be different because its not easily find their soul mates. Difficult to discover someone to like you, someone who will understand. It is sad to be different among the same, because they close with anyone and any attempt to approximate and can leave severe damage in your soul. Because it is difficult to accept that others do not they understand they are not valued, you do not want to even be friends, and constantly must prove to them. To prove that youre just as human as they are! But it is unique to be different. When all have the same opinion you have their own unique views. When all looking in one direction, you turn in a completely different and surprise everyone with current and interesting ways in your different way of thinking. Yeah, youre different, you is difficult, but it makes the center of attention of those looking for someone with different interests, someone who does not need another to do something. Youre individualist who succeeds in life alone, not like someone else. Need to be different. What would happen to the world if there were no diversity? What would happen to mankind if all the same, if everyone liked the same things? I think different people are those who run the big machine of existence. Others are crowds, the masses people who individually do not have anything important is it just because it has others. Such people namitrat his idols, some of which are similar to podarzhavat, no matter whether this would be an actor, singer, politician .. They can not I find myself in this endeavor to impersonate someone, someone who will like the rest. But does it make sense in this, trying to impersonate another may not post when you find yourself in nature and vocation? Is not more sense then your whole existence? Is then you can prove yourself when you actually already exist? Well, is it nice to be different? You are unique, you need the world, then what the hell that must be fought with generally accepted standards? Difficult things make life meaningful. Because when everything is easy, you lose the stimulus-ambition dies. Did not the person seeking to grow inaccessible. Yes, its nice to be different, because everything different is good, it will not duplicate it unique!

Design of 4 Line Private Exchange Box

Design of 4 Line Private Exchange Box INTRODUCTION 1.0 INTRODUCTION Private branch exchange system (PBXs) operates as a connection within private organizations usually a business. Because they incorporate telephones, the general term extension is used to refer to any end point on the branch. The PBX handles calls between these extensions. The primary advantage of PBXs was cost savings on internal phone calls: handling the circuit switching locally reduced charges for local phone services. The private branch exchange (PBX) provides internal station-to-station communications for a well-defined set of users. Three distinct generations of private branch exchanges have appeared. In the first generation (1900-1930), a human operator manually set up calls. Second-generation private branch exchanges (mid-1930s to mid-1970s) used mechanical relays to establish the call path. The third generation of private branch exchanges is the stored-program microprocessor-controlled system. Introduced in the mid-1970s, these systems use computer instructions to perform th e call set-up and tear-down. The third-generation private branch exchange is physically much smaller than electromechanical models, uses less power, and generates less heat.(Brooks, 1999) In this project, the design of a 4 line telephone systems with full signaling and switching functions similar to those of the central office systems was embarked upon. Dial tone, busy tone, and ring tone are provided during call process. Switching employs integrated circuit (IC) matrix switches on four buses. Thus, this system is expandable to 8 lines (4 pairs) if more hardware is added. This system is switching on the Dual Tone Multi Frequency (DTMF) dialing signal. 1.1 STATEMENT OF PROBLEM The major problems this project intends to deal with are: Cut down cost of internal calls made within a company. Eliminate the need for a central telephone company to help you monitor your internal calls. Eliminate Stress of notification of telephone company each time you need a new extension and thereby reducing cost. Ensure security of your internal calls which otherwise can be tapped by company operating it. Eliminate the need for a manual switchboard and subsequently an operator to connect the calls. Reduce man-hours lost through staff walking about in an office in order to pass information to each other. 1.2 AIMS AND OBJECTIVES: The main aim of this project is to design and implement a 4 line private exchange box that is able to create connection between four different telephone lines internally without having to connect to an external or trunk line. The objectives include: Establishing connections between the telephone sets of any two users. (e.g. mapping a dialed number to a physical phone) Maintaining such connections as long as the users require them. (i.e. channeling voice signals between the users) Creating an easy means of communication in an office without getting to spend money for their internal calls. To switch between telephone users thereby creating connections. To make sure the connection remains in place as long as it last, by keeping its resources. To properly end the connection when a user hangs up. 1.3 SIGNIFICANCE OF STUDY The ability or concept of providing an easy and less expensive way of communication within a small office or organization without having to pay for your internal calls or having limits to the rate or length of calls within the office. Also it is not necessary to go from office to office when something is needed, information is to be passed; a call to a colleague saves stress of walking about. 1.4 SCOPE OF STUDY The Private Exchange System in this project is limited to a four lines which means that internal calls can be made from only four nodes. As such, it is only suitable for very small organization. 1.5 RESEARCH METHODOLOGY The review of existing and related works to source appropriate information on how to go about the implementation of the project will be carried out. Information shall be gathered from text books, magazines, journals, and World Wide Web to provide answers in relation to the study. Based on the review, the design and implementation of a four line private exchange box system shall be carried out. 1.6 LIMITATIONS OF STUDY There are several factors that could contribute to the group not delving deeper into this project which could have resulted in a more comprehensive work. Constraints are unavoidable in any system, be it a natural system or a computer system. Due to the extensiveness of this project topic, limitations were encountered some of which include: Time constraint. Financial constraints. Inadequate facilities to work with. 1.7 ORGANIZATION OF WORK In chapter one, the research topic is introduced, which is followed by the statement of problem after which the aims and objectives of the study are stated, significance of study, scope of study and research methodology are all identified. The second chapter gives us a view of the related works which have been done and how they are related to our work. The third chapter is about our design methodology and this emphasizes on how the whole private exchange system works and its components. The quality of the system is tested and documented in chapter four. Also in chapter four, an in-depth manual of the system functions and contents is given. A summary of all chapters, a conclusion is outlined in chapter five. CHAPTER TWO LITERATURE REVIEW 2.0 HISTORY OF PRIVATE EXCHANGE BOX In the field of telecommunications, a telephone exchange or telephone switch is a system of electronic components that connects telephone calls. A central office is the physical building used to house inside plant equipment including telephone switches, which make phone calls work in the sense of making connections and relaying the speech information. Early telephone exchanges are a suitable example of circuit switching; the subscriber would ask the operator to connect to another subscriber, whether on the same exchange or via an inter-exchange link and another operator. In any case, the end result was a physical electrical connection between the two subscribers telephones for the duration of the call. The copper wire used for the connection could not be used to carry other calls at the same time, even if the subscribers were in fact not talking and the line was silent. The first telephone exchange opened in New Haven, Connecticut in 1878. The switchboard was built from carriage bolts, handles from tea pot lids and bustle wire and could handle two simultaneous conversations. Later exchanges consisted of one to several hundred plug boards staffed by telephone operators. Each operator sat in front of a vertical panel containing banks of  ¼-inch tip-ring-sleeve (3-conductor) jacks, each of which was the local termination of a subscribers telephone line. In front of the jack panel lay a horizontal panel containing two rows of patch cords, each pair connected to a cord circuit. When a calling party lifted the receiver, a signal lamp near the jack would light. The operator would plug one of the cords (the answering cord) into the subscribers jack and switch her headset into the circuit to ask, number please? Depending upon the answer, the operator might plug the other cord of the pair (the ringing cord) into the called partys local jack and start the ri nging cycle, or plug into a trunk circuit to start what might be a long distance call handled by subsequent operators in another bank of boards or in another building miles away. 2.1 PBX SYSTEM COMPONENTS PBX is a telephone exchange serving a single organization and having no means for connecting to a public telephone system it serves a user company which wants to have its own communication branch to save some money on internal calls. This is done by having the exchanging or switching of circuits done locally, inside the company. There are some important components which play a major role in the implementation of an effective PBX system. Some of the Component The PBXs internal switching network. Central processor unit (CPU) or computer inside the system, including memory. Logic cards, switching and control cards, power cards and related devices that facilitate PBX operation. Stations or telephone sets, sometimes called lines. Outside Telco trunks that deliver signals to (and carry them from) the PBX. Console or switchboard allows the operator to control incoming calls. Uninterruptible Power Supply (UPS) consisting of sensors, power switches and batteries. Interconnecting wiring. Cabinets, closets, vaults and other housings. 2.2 PRIVATE BRANCH EXCHANGE (PBX) There are essentially three different types of PBXs that could be deployed within an organization infrastructure. It is necessary to be certain of type in use, so as to be able to identify the essential numbers. There are currently three different PBX classes: Centrex; Direct Inward Dialing (DID)/Direct Outward Dialing (DOD) and Megalink. 2.2.1 CENTREX Centrex is the easiest of the PBX types. This PBX, unlike other types is installed within the telephone companys Central Office (CO) and does not require dialing an extension code (normally 4 numeric characters) after having dialed the 7 to 10 digit number to connect a call to an individual. In a simplistic manner, it could be considered similar to the telephone used at home. It has an area code (NPA), an Exchange (NXX) and a Unique Number, (0000 to 9999) and does not require the dialling of another number after it in order to place a call. These numbers may be entered through a PAD. 2.2.2 Direct Inward Dialing(DID)/ Direct Outward Dialing (DOD) Unlike a Centrex, these types of PBXs is not installed within the telephone companys Central Office. Secondly, if a cut of the telephone wire occurs outside the building, individuals are still able to dial within it to talk to colleagues by simply dialing their extension number (normally a number between 0000 to 9999) lastly; this PBX is controlled via a computer interface at a control console. Since the PBX requires constant power to function, it may be necessary to hook it with generating plant, in the absence of power from electricity company. Direct Inward Dialing (DID) and Direct Outward Dialing (DOD) are simply features of an Automated PBX which require that you dial the companys general telephone number followed by the entry of the individuals extension number when prompted to do so. DIDs allow you direct dialing (seven digits) to locate an individual within an organizations PBX. It is a trunk phone number that must be entered into the PAD program and flagged as a PBX to ensure that the outgoing line(s) get priority. PBXs may be privately owned or telecommunication company owned. If PBX is programmable it is possible to assign specific trunk lines to specific numbers. These trunk line numbers may then be entered on PAD thus providing dial tone protection. 2.2.3 MEGALINKS The major difference between this and a Centrex PBX is that the exiting trunk lines from a building to the telephone company central office are comprised of fibre optic cables and not through twisted pair wiring. Another difference is that unlike a Centrex that is identified by its ten digit telephone number (NPA, NXX, and Unique), Megalinks are identified by a circuit ID number. This number may contain characters and may even resemble a telephone number, however, PAD does not allow for the entry of the circuit switch identifier. The reason is quite simple, fibre optic cabling circuits can handle far more traffic than twisted pair PBXs. 2.3 INTERFACE STANDARDS Interfaces for connecting extensions to a PBX include: POTS (Plain Old Telephone System) the common two-wire interface used in most homes. This is cheap and effective, and allows almost any standard phone to be used as an extension. Proprietary the manufacturer has defined a protocol. One can only connect the manufacturers sets to their PBX, but the benefit is more visible information displayed and/or specific function buttons. DECT a standard for connecting cordless phones. Internet Protocol For example, H.323 and SIP. Interfaces for connecting PBXs to each other include: Proprietary protocols if equipment from several manufacturers is on site, the use of a standard protocol is required. QSIG for connecting PBXs to each other, usually runs over T1 (T-carrier) or E1 (E-carrier) physical circuits. DPNSS for connecting PBXs to trunk lines. Standardised by British Telecom, this usually runs over E1 (E-carrier) physical circuits. Internet Protocol H.323, SIP and IAX protocols are IP based solutions which can handle voice and multimedia (e.g. video) calls. Interfaces for connecting PBXs to trunk lines include: Standard POTS (Plain Old Telephone System) lines the common two-wire interface used in most domestic homes. This is adequate only for smaller systems, and can suffer from not being able to detect incoming calls when trying to make an outbound call. ISDN the most common digital standard for fixed telephony devices. This can be supplied in either Basic (2 circuit capacity) or Primary (24 or 30 circuit capacity) versions. Most medium to large companies would use Primary ISDN circuits carried on T1 or E1 physical connections. RBS (Robbed bit signaling) delivers 24 digital circuits over a four-wire (T1) interface. Internet Protocol H.323, SIP, MGCP, and Inter-Asterisk eXchange protocols operate over IP and are supported by some network providers. Interfaces for collecting data from the PBX: Serial interface historically used to print every call record to a serial printer. Now an application connects via serial cable to this port. Network Port (Listen mode) where an external application connects to the TCP or UDP port. The PBX then starts streaming information down to the application. Network Port (Server mode) The PBX connects to another application or buffer. File The PBX generates a file containing the call records from the PBX. The call records from the PBX are called SMDR, CDR, or CIL.   (Micheal, 1999) 2.4 TELEPHONE Telephone is one of the most amazing devices ever created.   Although most people take it completely for granted, the telephone is one of the most amazing devices ever created. To talk to someone, just pick up the phone and dial a few digits; connection will be established with the person and a two-way conversation can take place. It is an instrument designed for simultaneous transmission and reception of the human voice. It works by converting the sound waves of the human voice to pulses of electrical current, transmitting the current, and then retranslating the current back to sound. The U.S. patent granted to Alexander Graham Bell in 1876 for developing a device to transmit speech sounds over electric wires is often called the most valuable ever issued. Within 20 years, the telephone acquired a form that has remained fundamentally unchanged for more than a century. The advent of the transistor (1947) led to lightweight, compact circuitry . Advances in electronics have allowed th e introduction of a number of smart features such as automatic redialing, caller identification, call waiting, and call forwarding. The figure 2.1 shows the major components that makes up a telephone set. 2.5 HOW TELEPHONE WORKS When a person speaks into a telephone, the sound waves created by his voice enter the mouthpiece. An electric current carries the sound to the telephone of the person he is talking to. A telephone has two main parts: (1) the transmitter and (2) the receiver.The Transmitter of a telephone serves as a sensitive electric ear. It lies behind the mouthpiece of the phone. Like the human ear, the transmitter has 14 eardrum. The eardrum of the telephone is a thin, round metal disk called a diaphragm. When a person talks into the telephone, the sound waves strike the diaphragm and make it vibrate. The diaphragm vibrates at various speeds, depending on the variations in air pressure caused by the varying tones of the speakers voice.   Behind the diaphragm lies a small cup filled with tiny grains of carbon. The diaphragm presses against these carbon grains. Low voltage electric current travels through the grains. This current comes from batteries at the telephone company. The pressure on the carbon grains varies as sound waves make the diaphragm vibrate. A loud sound causes the sound waves to push hard on the diaphragm. In turn, the diaphragm presses the grains tightly together. This action makes it easier for the electric current to travel through, and a large amount of electricity flows through the grains. When the sound is soft, the sound waves push lightly on the diaphragm. In turn, the diaphragm puts only a light pressure on the carbon grains. The grains are pressed together loosely. This makes it harder for the electric current to pass through them, and less current flows through the grains. Thus, the pattern of the sound waves determines the pressure on the diaphragm. This pressure, in turn, regulates the pressure on the carbon grains. The crowded or loose grains cause the electric current to become stronger or weaker. The current copies the pattern of the sound waves and travels over a telephone wire to the receiver of another telephone. The Receiver serves as an electric mouth. Like a human voice, it has vocal cords. The vocal cords of the receiver are a diaphragm. Two magnets located at the edge of the diaphragm cause it to vibrate. One of the magnets is a permanent magnet that constantly holds the diaphragm close to it. The other magnet is an electromagnet. It consists of a piece of iron with a coil of wire wound around it. When an electric current passes through the coil, the iron core becomes magnetized. The diaphragm is pulled toward the iron core and away from the permanent magnet. The pull of the electromagnet varies between strong and weak, depending on the variations in the current. Thus, the electromagnet controls the vibrations of the diaphragm in the receiver.The electric current passing through the electromagnet becomes stronger or weaker according to the loud or soft sounds. This action causes the diaphragm to vibrate according to the speakers speech pattern. As the diaphragm moves in and out, it pulls and pushes the air in front of it. The pressure on the air sets up sound waves that are the same as the ones sent into the transmitter. The sound waves strike the ear of the listener and he hears the words of the speaker. (www.howstuffworks.com) 2.6 THE RINGER Simply speaking this is a device that alerts you to an incoming call. It may be a bell, light, or warbling tone.  Ã‚   The ringing signal is in an AC wave form.   Although the common frequency used can be any frequency between 15 and 68 Hz.   Most of the world uses frequencies   between   20 and 40 Hz.  Ã‚   The voltage at the subscribers end depends upon loop length and number   of   ringers attached to the line; it could be between 40 and 150 Volts. The ringing cadence (the timing of ringing to pause), varies from company to company.   In the United States the cadence is normally 2 seconds of ringing to 4 seconds of pause. An unanswered phone in the United States will keep ringing until the caller hangs up.   But in some countries, the ringing will time out if the call is not answered. The   most   common   ringing   device is   the   gong   ringer; a solenoid   coil   with a clapper that strikes either a single or double bell. A gong ringer is the loudest signaling device that is solely phone-line powered. Modern telephones tend to use warbling ringers, which are usually ICs powered by the rectified ringing signal.   The audio transducer is a small   loudspeaker via a transformer. Ringers are isolated from the DC of the phone line by a capacitor. Gong ringers in the United States use a 0.47 uF capacitor.   Warbling ringers in the United States generally use a 1.0 uF capacitor.   Telephone companies in other   parts   of   the world   use   capacitors   between   0.2   and   2.0   uF.  Ã‚   The  Ã‚   paper capacitors of the past have been replaced almost exclusively with capacitors made of Mylar film.   Their voltage rating is always 50 Volts.   The capacitor and ringer coil, or Zeners in a warbling ringer, constitute a resonant circuit. When phone is hung up (on hook) the ringer is across the line; and it has merely silenced the transducer, not removed the circuit from the line. When the telephone company uses the ringer to test the line, it   sends   a   low-voltage, low frequency   signal   down   the   line (usually   2 Volts at 10 Hz) to test for continuity. The company compares result with the expected signals of the line.   This is how it can tell whether an added equipment is on the line. If your telephone has had its ringer disconnected, the telephone company cannot detect its presen ce on the line. Because there is only a certain amount of current available to   drive ringers, if ringers are added to phone lines indiscriminately, a point will be reached at which either all ringers will cease to ring, some will cease to ring, or some ringers will ring   weakly. A normal ringer is defined as   a   standard gong   ringer   as   supplied   in   a   phone   company   standard   desk telephone; Value given to this ringer   is   Ringer   Equivalence Number   (REN)   1. It can be as high as 3.2, which means that device consumes the equivalent   power   of   3.2 standard ringers, or 0.0, which means it consumes no current when subjected   to   a   ringing   signal.   If   there is a problem with ringing, it could be that the REN is greater than 5, disconnecting ringers until REN is at 5 or below will usually solve the problem. Other countries have various ways of expressing   REN,   and some   systems   will handle no more th an three of   their   standard ringers.   But whatever the system, if an extra equipment was added and the   phones   stop ringing, or the phone answering   machine   wont pick   up   calls,   the solution is disconnect   ringers   until   the problem   is resolved. Warbling ringers tend to draw less current than   gong   ringers, so changing from gong   ringers   to   warbling ringers may help spread the sound better. Frequency response is the second criterion by which a ringer is described. Because a ringer is supposed to respond to AC waveforms,   it will tend to respond to transients (such as switching transients) when the phone is hung up, or when the rotary dial is used on   an extension phone.   This is called bell tap in the United States; in other   countries,   its often called   bell   tinkle.  Ã‚   While European and   Asian phones tend to bell tap, or   tinkle,   United States ringers that bell tap are considered defective. The bell tap   is   designed out of gong ringers and fine   tuned   with   bias springs.  Ã‚   Warbling   ringers   for use in the   United   States   are designed   not   to respond to short transients;   this   is   usually accomplished   by   rectifying the AC and filtering   it   before   it powers the IC,   then not switching on the output stage unless the voltage lasts long enough to charge a second capacitor.(Roberts, 2006) 2.7 HOOK SWITCH This is a lever that is depressed when the handset is resting in its cradle. It is a two-wire to four-wire converter that provides conversion between the four-wire handset and the two-wire local loop. There are two stages, which are off   hook and on hook Off hook: The state of a telephone line that allows dialing and transmission but prohibits incoming calls from being answered. The phone is off-hook when the handset is removed from the base unit of a stationary phone or press Talk on a portable phone. The term stems from the days when the handset was lifted off an actual hook. When the handset was removed, a spring caused contacts to press together, closing the circuit from the telephone to the switchboard. On hook: The condition that exists when a telephone or other user instrument is not in use, i.e., when idle waiting for a call. Note: on-hook originally referred to the storage of an idle telephone reciever, i.e., separate earpiec, on a swithch hook. The weigth of the recieved depresses the sping leaded switch hook thereby disconnecting the idle instrument (except its bell) from the telephone line.  Ã‚  Ã‚  Ã‚   (Roberts, 2006) 2.8 THE DIAL There are two types of dials in use around the world. The most common one is called pulse, loop disconnect, or rotary; the oldest form of dialing, its been in use since the 1920s. The other dialing   method,   is called Touch-tone, Dual Tone Multi-Frequency   (DTMF) Pulse dialing   is traditionally accomplished with   a   rotary dial,   which is a speed governed wheel with a cam that opens   and closes a switch in series with the phone and the line.   It works by   actually   disconnecting   or hanging   up   the   telephone   at specific intervals.   The United States standard is one disconnect per  Ã‚   digit,  Ã‚   so if a   1, is dailled, the telephone   is disconnected once. To dial a seven means that it will be   disconnected seven times; and dialling a zero means that it will hang up ten times. Some countries invert the system so 1 causes ten disconnects   and 0,   one disconnect.   Some add a digit so that dialing a 5 would cause six disconnects and 0, eleven disconnects.   There are even some systems in which dialing 0 results in one   disconnect,   and all   other digits are plus one, making a 5 cause six   disconnects and 9, ten disconnects. Although most exchanges are quite happy with rates of 6   to 15   Pulses Per Second (PPS), the phone company accepted   standard is   8   to   10 PPS.   Some modern digital exchanges, free   of   the mechanical   inertia problems of older systems, will accept a   PPS rate as high as 20. Besides   the PPS rate, the dialing pulses have a   make/break ratio,   usually   described as a percentage, but   sometimes   as   a straight   ratio.   The North American standard is 60/40   percent; most of Europe accepts a standard of 63/37 percent.   This is the pulse measured at the telephone, not at the exchange, where   its somewhat   different, having traveled through the phone line   with its   distributed   resistance, capacitance,   and   inductance.  Ã‚   In practice, the   make/break   ratio does not   seem   to   affect   the performance of the dial when attached to a normal loop.   However,each pulse is a switch connect and disconnect across   a complex   impedance, so the switching transient often reaches   300 Volts. Usually, a safe practice is not to have fingers   across   the   line   when dialing. Most pulse dialing phones produced today use a CMOS IC and a keyboard.   Instead of pushing finger round in circles, then removing finger and waiting for the dial to return   before dialing the next digit, the button can be punched as fast as desired.   The IC stores the number and pulses out the number at the correct rate with the correct make/break ratio and the switching is done with a high-voltage switching transistor.   Because the IC has already stored the dialed number in order to pulse it out at the   correct rate,   its a simple matter for telephone designers to   keep   the memory alive   and allow the telephone to   store,   recall,   and redial the Last Number Dialed (LND).   This feature enables easy redial by picking up the handset and pushing just one button. Touch tone is the most modern form of dialing. It is   fast   and less   prone to error than pulse dialing.   Compared to pulse, its major advantage is that its audio band signals can   travel   down phone   lines further than pulse, which can travel only as far   as the   local   exchange. Touch-tone can therefore   send   signals around   the   world via the telephone lines, and can   be   used   to control phone answering machines and computers.   Bell   Labs developed DTMF in order to have a dialing   system that   could travel across microwave links and work   rapidly   with computer   controlled exchanges.   Each transmitted digit consists of two separate audio tones that are mixed together. The four   vertical columns on the keypad are known as   the   high group and the four horizontal rows as the low group; the digit   8 is   composed   of 1336 Hz and 852 Hz.   The level of each   tone   is within   3   dB   of the other.   A complete touch-tone pad has 16 digits, as opposed to ten on a pulse dial.   Besides the numerals 0 to 9, a DTMF   dial has *, #, A, B, C, and D.   Although the letters are not normally found   on consumer telephones, the IC in the phone is capable   of generating them. The   * sign is usually called star or asterisk.  Ã‚   The # sign,   often referred to as the pound sign. is actually   called an   octothorpe. Although many phone users have never used   these digits      they are not, after all, ordinarily   used in   dialing phone   numbers. They   are used   for   control   purposes,   phone answering machines, bringing up remote bases, electronic banking, and repeater control.   The one use of the octothorpe that may be familiar occurs in dialing international calls from phones.   After dialing the complete number,   dialing   the octothorpe   lets the exchange know youve finished   dialing.  Ã‚   It can now begin routing your call; without the octothorpe, it would wait and time out before switching your call. Standard DTMF dials will produce a tone as long as a key   is depressed.  Ã‚   No matter   how long you press,   the   tone   will   be decoded as the appropriate digit.   The shortest duration in which a digit can be sent and decoded is about 100 milliseconds   (ms).   Its pretty   difficult   to dial by hand at   such   a   speed,   but automatic dialers can do it.   A twelve-digit long distance number can be   dialed by an automatic dialer in a little   more   than   a second about as long as it takes a pulse dial to send a   single 0 digit.(Roberts,2006) 2.9 MODULAR CONNECTORS Modular connector is the name given to a family of electrical connectors that were originally used in telephone wiring. Even though they are still used for that purpose they are used for a variety of other things as well. A modular connectors advantage over many other kinds include; small size and ease of plugging and unplugging. Many uses that originally used a bulkier connector have migrated to modular connectors. Probably the most well known applications of modular connectors is for telephone jacks and for ethernet jacks, which are nearly always modular connectors. Figure 2.2 shows types of connectors commonly used. Modular connectors were first used in the registered jack system, so registered Jack specifications describe them precisely. These are the specifications to which all practical modular connectors are built. Modular connectors come in four sizes: 4-, 6-, 8-, and 10-position. A position is a place that can hold a conductor (pin). The positions need not all be used; a connector can have any even number of conductors. Unused positions are usually the outermost positions. The connectors are designed so that a plug can fit into any jack that has at least the number of positions as the plug. Where the jack has more positions than the plug, the outermost positions are unused. However, plugs from different manufacturers may not have this compatibility, and some manufacturers of eight position j

Education: Past, Present, And Future :: essays research papers

Education: Past, Present, and Future Education, without it we would all be mindless wonders wandering around the globe. Education is an important factor in our lives, but the past, present, and future of education is changing. And change it will until our education system is the best in the world. In the past, Education in America was plain and simple. We've all heard the stories of how our ancestors used to have to walk to school 5 miles in the snow in the heat of summer. These shameless exagerations were meant for us to think that school back in the "good ole days" was very dificult and surpassed the level of difficulty students today have. In reality, school, although most early schools were combonation classes with a variety of age groups as students. Almost each individual was given an equal amount of personal help from the teacher. Also, life wasn't as complecated as they are now. One teacher would teach the whole class a limeted variety of subjects such as arithmatic and english. Education was just eaiser when it first became popular. Nowadays, in the present, school not only is a place to learn, it's a place to stress out. As I walk through the halls all students seem to have that academic nervousness. If you listen to the conversations that go on in the hall it's always, "Ohh my gosh, Becky! I'm going to have a fat cow! I think I'm getting a B in my chemistry class, and that is going to ruin my record." Pressure is constantly put upon students to get "straight A's" It is very rare when a student will not shoot for an A on a quiz. It's human nature to succeed, but with the pressure put on us by the teachers, parents, peers, and colleges, it's a heavy load to handle. Now, scientists recently did an expiriment. They placed a child in a room with some brand new toys. They left him there for a couple of hours and he did not play with them. The scientists puzzeled took the boy aside and asked him why he did not play with the toys. The boy replied that he did not want to break them. So, scientists then took another child and placed him in a room filled with horse manure. The boy was having fun swimming around in it, having a blast with the horse manure. When the scientists asked the boy why he played with the horse manure, the boy replied, "Well, with all of this horse manure, there has

Ratio Analysis to Determine Corporate Health Essay

One must consider many factors before deciding whether or not to invest in a company. The following is an analysis and comparison of the health of two well known companies, Exxon and Wal-Mart. Some of the factors that were analyzed include current ration, inventory turnover, accounts receivable turnover, and days’ sales in inventory. Most of the values used for the calculations were obtained from Yahoo Finance. Current ratio evaluates a company’s ability to pay its short-term obligations (Wild, 2008). Exxon’s current ratio of 1. Â  indicates that it should not have any issues paying its short-term obligations. In contrast, Wal-Mart’s current ratio of 0. 88, indicates that the company’s current liabilities exceed current assets and thus investors should be doubtful of its ability to pay short-term obligations. Inventory turnover is another indicator of a company’s ability to pay short-term debt. Specifically, it is the number of times a company’s average inventory is sold during a period (Wild, 2008). Wal-Mart’s inventory turnover of 9. Â  indicates that it may be holding more inventory than it needs, and thus it may be using its assets in efficiently. Exxon’s inventory turnover of 28. 31 is more preferable, as long as inventory adequately meets demand (Wild, 2008). These numbers show that Wal-Mart may be having difficulties paying its short-term debt and thus caution should be warranted. Accounts receivable turnover measure the quality and liquidity of accounts receivable. Thus it indicates how often receivable are received and collected during the period (Wild, 2008). Exxon’s accounts receivable turnover is 15. Â  while Walmart’s is 107. 3. Exxon’s low turnover suggests management should consider stricter credit terms and more aggressive collection efforts to avoid its resources being tied up in accounts receivables. On the other hand, Wal-Mart’s high turnover implies the opposite; management should consider using more liberal credit terms. While accounts receivable turnover measures the liquidity of accounts receivables, days’ sales in inventory is useful in evaluating liquidity of inventory (Wild, 2008). Exxon’s days’ sales in inventory is 13. 2 and Wal-Mart’s is 38. Â  Exxon’s lower days’ sales in inventory value indicates that the company uses its resources more efficiently. Conclusion All things considered, Exxon appears to be a more solid company in which a first time stock-buyer should invest. While both are major companies, which appear to have solid numbers, Exxon seems to be the more stable and reliable company. Specifically Exxon seems to manage its assets better and seems more likely to be able to pay its short term debt. Nonetheless, one should invest in stock that he or she feels better represents his or her goals.

Dispute Resolution Coursework The WritePass Journal

Dispute Resolution Coursework 1.0 Introduction Dispute Resolution Coursework 1.0 Introduction 2.0 Concurrent Delay3.0 Causes of a Concurrent Delay4.0 Approaches to Concurrent Delays4.1 Apportionment Approach4.2 The ‘but for’ Approach4.3 First in Line Approach4.4 Dominant Approach4.5 Malmaison Approach5.0 Analyse of City Inn v Shepherd Construction Ltd 5.1 Lord Drummond Young’s Decision5.2 The Appeal Decision6.0 ReferencesRelated 1.0 Introduction This report will discuss the different approaches to concurrent delays in construction contracts by reviewing various construction cases where disputed have arisen. I will also analyse the findings in the recent Court of Session case of City Inn v Shepherd Construction (2010) and assess the extent to which an appeal against the decision to the Supreme Court may succeed. 2.0 Concurrent Delay A â€Å"concurrent delay† is a term used loosely by the construction industry without any real definition. It is not uncommon for more than one delay to occur on a construction project at any given time which delays the completion of the works. A concurrent delay usually occurs when actions by the client and contractor simultaneously delay the project. However there is no clear guidance on the most suitable method for considering an extension of time when there is a concurrent delay usually involving the contractor and employer. (Cushman et al, 2001). Judge Seymour in the case of Royal Brompton Hospital NHS Trust v Frederick A Hammond Ors1 describes a concurrent delay as, â€Å"Two or more delay events occurring within the same time period, each independently affecting the Completion Date.† He goes on to say; â€Å"It is, I think necessary to be clear what one means by events operating concurrently. It does not mean, in my judgement, a situation in which, work already being delayed, let it be supposed, because the contractor has had difficulty in obtaining sufficient labour, an event occurs which is a Relevant Event and which, had the contractor not been delayed would have caused him to be delayed, but which in fact, by reason of the existing delay, made no difference. In such a situation although there is a Relevant Event, the completion of the Works is not likely to be delayed thereby beyond the Completion Date.† (www.charlesrussell.co.uk, February 2011). From Judge Seymour’s statement a concurrent delay can therefore be defined as two events that happen at the same time. 3.0 Causes of a Concurrent Delay A delay can vary due to the different consequences for example an excusable delay is the fault of the employer such as late issuing of drawings which entitles the contractor to an extension of time and an inexcusable delay is due to the fault of the contractor. A neutral event may occur as a result of unforeseen ground conditions or adverse weather conditions. There a number of different scenarios that arise where delays are considered to be concurrent. They are as follows: A delay that is caused by both employer and contractor. A neutral event and contractors delay. A neutral event and employers delay. A neutral event where the contractor is entitled to more time and a financial payment. An employer’s delay where the contractor is entitled to more time and a financial payment. A contractor’s delay where the employer is entitled to a financial payment. (www.theqsi.co.uk, February 2011) 4.0 Approaches to Concurrent Delays There are a number of approaches when considering an extension of time with some having more success than others. They are as follows; Apportionment approach ‘but for’ approach First in Line approach Dominant approach Malmaison approach 4.1 Apportionment Approach The apportionment approach is where the total cost of the delay is distributed between the parties responsible for that delay. Although this is a logical approach it is not supported in the courts as when it comes to a breach of contract they usually look to relate any loss to a single cause. (www.alway-associates.co.uk, March 2011). If a dominant cause cannot be identified the courts say, â€Å"It may be possible to apportion the loss between the causes for which the employer is responsible and other causes. In such a case, it is obviously necessary that the event or events for which the employer is responsible should be a material cause of the loss. Provided that the condition is met, the apportionment of loss between the different causes is possible in an appropriate case.† (www.cila.co.uk, March 2011). One of the most controversial cases that adopted the apportionment approach is City Inn v Shepherd Construction Ltd. As the causes of the delay were the fault of both the employer and contractor the contractor was entitled to an extension of time. Lord Drummond said, â€Å"where there is time concurrency between a relevant event and contractor default, in the sense that both existed simultaneously, regardless of which started first, it may be appropriate to apportion responsibility for the delay between the two causes; obviously, however, the basis for such must be fair and reasonable.† (www.clarkslegal.com, March 2011). It was the contract administrator’s duty to award Shepherd construction an extension of time on a â€Å"fair and reasonable† basis. (Smith, 2010). However shepherd construction did not deem this to be sufficient and wanted a significantly longer extension of time as well as payment of loss and expense. As there was no dominant event causing the d elay the court apportioned the delay between the causes. (Smith, 2010). In case of John Barker Construction Ltd v London Portman Hotel Ltd [2004] Lord Young indicated the most appropriate approach would be to apportion the cost of the delay between the employer and contractor he states, â€Å"This is a case where delay has been caused by a number of different causes, most of which were the responsibility of the employer, through the architect, but two of which were the responsibility of the contractor. It is accordingly necessary to apportion the defenders prolongation costs between these two categories of cause. I consider that the same general consideration, the causative significance of each of the sources of delay and the degree of culpability in respect of each of those sources, must be balanced.† (www.dac.co.uk, March 2011). Another case that applied the apportionment approach is the case of Musselburgh and Fisherrow Co-operative Society Ltd v Mowlem (Scotland) Ltd (2005). This case involved a number of defects to a swimming pool. The court decided to apportion the costs of defect s which included changing channels and gratings and the replacing of the waterproof membrane. (www.scotcourts.gov.uk, February 2011). For the apportionment approach to apply the causes contributing to the loss must start and finish at the same period which is highly unlikely. It also depends on the court’s understanding of the particulars and the use of complex ideas. Keating (2000) encourages the use of apportionment he states, â€Å"Where the loss or damage suffered by the plaintiff results partly from his own conduct and partly form the defendants breach of contract it is correct in principle for the damages to be apportioned.† (Keating et al, 2000). 4.2 The ‘but for’ Approach This approach has not had great success and is reflected in the fact no cases can be found to support this approach. However despite its low success rate it is favoured by contractors as they tend to adopt this approach in reply to the first in line argument even though it is usually rejected by the courts. The contractor’s argument is based on the circumstance that a delay to a particular event would not have happened ‘but for’ an architect’s instruction requesting additional work to be carried out. (www.charlesrussell.co.uk, February 2011). Basically the contractor believes the additional work the reason a delay has occurred. This is supported by Fletcher (1998) who states that the ‘but for’ approach exonerates the contractor but only when, â€Å"events for which the contractor is not responsible compound delay already caused by the contractor.† (Fletcher, 1998). 4.3 First in Line Approach This approach adopts the logic that if a delay has arisen due to a number of events the event that occurred first will be responsible for the whole delay. This means any other contributing events to the delay will be overlooked so long as the completion date is not affected and it does not carry on after the first event. (www.rics.org, March 2011). For example it is the responsibility of the employer to give the contractor access to the site on the day the works are due to commence i.e. 29 January. However if access is not provided a delay occurs commencing on the 29 January and if severe weather prevents work from starting on the 7 February the first in line approach will apply therefore the delay in access will take priority over severe weather until access is provided. If the contractor gains access to the site on the 16 February but the severe weather conditions persists until the 21 February then an extension time can be granted with regards to the severe weather. (www.rics.org, March 2011). 4.4 Dominant Approach The dominant approach analyses the causes of a delay and decides which event is the most dominant or predominant. (www.charlesrussell.co.uk, February 2011). Keating (2000) defines a dominant event as, â€Å"If there are two causes, one the contractual responsibility of the defendant and the other the contractual responsibility of the plaintiff the plaintiff succeeds if he establishes that the cause for which the defendant is responsible is the effective dominant case. Which cause is dominant is a question of fact, which is not solved by the mere point of order in time but is to be decided by applying common sense standards.† (Keating, 2000). An important case in Scotland that adopted the dominant approach is case of John Doyle Construction Ltd v Laing Management (Scotland) Ltd (2004). John Doyle claimed for loss and expense of  £4.8 million and a twenty two week extension of time as they believed Laing Management had disrupted and delayed the progress of the works. Laing Management contended that as John Doyle claim was global and therefore it could not succeed so long as any one of the claims where proven not to have been caused by them. (www.cila.co.uk, March 2011). However Lord McFayden who was involved in the case stated, â€Å"The global claim may fail, but there may be in the evidence a sufficient basis to find casual connections between individual losses and individual events, or to global claims and the problems of concurrent cases arise time and again in relation to delay and loss and expense claims.† (Ross, 2004). Lord McFayden allowed the claim to proceed however Laing appealed his decision to the Court of Session. At the Court of Session Lord Drummond young agreed with Lord McFayden he said, â€Å"if any events or events for which the employer is responsible can be described as the dominant cause of an item of loss, that will be sufficient to establish liability, notwithstanding that other events played a part in its occurrence.† (Ross, 2004). Therefore if the contractor can prove the events for which he depends on are the duty of the employer then he will be required to, â€Å"prove casual links between individual events and particular heads of loss.† (www.cila.co.uk, March 2011).   Where loss has occurred through events the employer is responsible for and through events that he is not, the court states that the contractor must prove the events that the employer is accountable for are the â€Å"proximate or dominant cause of loss† In order for the claim to succeed. However there are problems associated with the dominant approach especially when there are events that contribute equally to the cause of the delay. Therefore the grounds for recuperating loss and expense could be unfair to one party. For example as a dominant cause apportions responsibility to one party which therefore gives the bases for recovery of loss and expense by the other party. However this gives the claiming party the right to recover cost for the entire delay even though the causes contributing to the delay may not be sufficient enough for grounds of recovery. (www.alway-associates.co.uk, March 2011). In the case of H. Fairweather Co. Ltd v. London Borough of Wandworth (1988) the dominant approach was rejected by the court due to the problems discussed previously. (www.alway-associates.co.uk, March 2011). During the construction of the works, consisting of 480 homes, the project was delayed due the late issue of variations and strikes by the workforce. When the case went to arbitration it ruled in favour of the architect and suggested that the strikes had been the dominant cause. However the contractor appealed the decision to the courts who overruled. The judge stated, â€Å"On the assumption that condition 23 is not solely concerned with liquidated or ascertained damages but also triggers and conditions a right for a contractor to recover direct loss and expense where applicable under condition 24 then an architect and his turn an arbitrator has the task of allocating where the facts require it the extension of time to the various heads. I do not consider that the dominant tes t is correct.† (www.brewerconsulting.co.uk, March 2011). 4.5 Malmaison Approach This approach was established in the case of Henry Boot Construction (UK) Ltd v Malmaison Hotel (Manchester) Ltd (1999). It came about not because the dispute was resolved but by both parties agreeing to resolve elements of the dispute which the court then approved. (www.alway-associates.co.uk, March 2011).   This was the first instance the court acknowledged that an extension of time should not be refused when a delay caused by the contractor is concurrent with a delay caused by the employer. During the case concurrent delays were discussed in detail but the main focus was on how delays caused by both the contractor and employer should be interpreted.   Judge Dyson said, â€Å"It is agreed that if there are two concurrent causes of delay, one of which is a relevant event, and the other is not, then the contractor is entitled to an extension of time for the period of delay caused by the relevant delay notwithstanding the concurrent effect of the other event,† (www.alway-associates.co.uk, March 2011). Judge Dyson went on to explain this in simpler terms he said, â€Å"For example if no work is possible on a site for a week not only because of exceptionally inclement weather (a relevant event) but also because the contractor has a shortage of labour (not a relevant event) and if the failure to work during that week is likely to delay the works beyond the completion date by one week, then if he considers it fair and reasonable to do so, the architect is required to grant an extension of time of one week. He cannot refuse to do so on the grounds that the delay would have occurred in any event by reason of the shortage of labour.† (www.alway-associates.co.uk, March 2011). This approach entitles the contractor to an extension of time when they are responsible for the delay at the same time the employer is also causing the delay. This is due to the contractors delay occurring at the same time as a neutral event i.e. inclement weather. In the more recent case of Steria Limited v Sigma Wireless Communications Limited (2007) the Malmaison apporoach was adopted. A dispute occurred between both parties as Sigma did not pay the final contract price owed to Steria. Sigma argued that completion of the works were delayed due to events caused by Steria and therefore where entitled to claim loss and expense. Judge Davies considered whether or not Steria should have been entitled to an extension of time. The judge ruled that Steria should have been granted an extension of time as the delay was not predominantly caused by them and because the matter relied upon was not the dominant cause although it did have equivalent contributing influence with other events relating to the delay. (www.pinsentmasons.com, March 2011). 5.0 Analyse of City Inn v Shepherd Construction Ltd In 1997 City Inn appointed Shepherd construction to construct a hotel in Bristol under a JCT form of contract. The initial completion date of January 26, 1999 was extended by the architect but only by two weeks. The project was not completed until the 29 March 1999 therefore incurring a nine week delay. The same day the architect issued a two week extension of time he also issued a non-completion certificate and stated the contractor had failed to complete the works by the extended completion date therefore allowing City Inn to deduct liquidated damages. (www.jonesday, March 2011). The dispute arose as Shepherd construction claimed they were entitled to eleven weeks extension of time as a result of the architect issuing instructions late and also demanded damages for loss and expense at  £11,500 per week.   City Inn argued that as the works were completed late they were entitled to liquidated damages of  £30,000 per week for nine weeks therefore proceeded to withhold  £270,000 of damages. (www.cila.co.uk, March 2011). In summary the concurrent causes of delay claimed by both parties are as follows; Employer- Defective work and late completion Contractor – Architects Instructions and variations issued late The dispute went to adjudication where the adjudicator ruled in favour of the Shepherd construction. The adjudicator awarded Shepherd construction a nine week extension of time and instructed City Inn to repay the monies owed to the Shepherd construction. However City Inn did not agree with the adjudicator’s decision and appealed to the Scottish Court of Session. The case went to court before Lord Drummond Young.    5.1 Lord Drummond Young’s Decision The experts of both parties agreed that a critical path analysis could not be carried out as there was no accurate programme establishing how the contractor intended on carrying out the works. Lord Drummond Young therefore had to judge what impact the actions of City Inn and Shepherd construction had on the overall delay of the whole project. (www.cila.co.uk, March 2011). Lord Drummond Young concluded that all the delays identified by City Inn and Shepherd construction were concurrent causes of delay.   Therefore under clause 25 of the contract Lord Drummond Young was required to make a judgement and reach a â€Å"fair and reasonable† decision on an extension of time. (www.pinsentsmasons.org, March 2011).   Due to the absence of a dominant cause Lord drumming Young adopted a â€Å"common sense† approach and apportioned the delay between the relevant event and other events to reach a fair and reasonable outcome.   (www.cila.co.uk, March 2011). Lord Drummond Young stated the adjudicator was correct to award Shepherd Construction a nine week extension of time. However City Inn where not happy with his decision and decided to appeal his ruling to the Supreme Court. 5.2 The Appeal Decision The appeal launched by City Inn was rejected by all three judges however they did not all fully support Lord Drummond Young’s ruling on awarding an extension of time. Lord Osborne delivered the bulk of the judgment with Lord Kingarth agreeing with his assessment. Lord Osborne set five propositions for the proper approach to be taken when granting an extension of time: Before a claim for an extension of time can succeed a relevant event must be proven to have caused a delay and as a result the works will be delayed. When considering whether or not a relevant event has caused a delay a common sense approach must be taken. A critical path analysis will help the decision maker determine the cause of the delay however it is not relied upon for the claim to succeed. If a dominant cause of delay can be identified then effect will be given to that delay by leaving out of account any cause of or causes that are not material. The claim will fail if the relevant event is not a dominant cause. If there is no dominant cause the contractors claim should not automatically fail. The decision maker should, â€Å"approach the issue in a fair and reasonable way, to apportion the delay in completion of the works between the relevant event and the other event.† (www.pinsentsmasons.org, March 2011). Although Lord Carloway agreed with the result of the case however he rejected the Lord Drummond Young’s apportionment approach. Lord Carloways stated it was the architect’s responsibility to judge whether or not a delay was the result of a relevant event. Therefore the contractor should be granted an extension of time so long as he can prove the cause of the delay is a relevant event. 5.3 Likelihood of an Appeal Succeeding I believe an appeal by City Inn to the Supreme Court would be unsuccessful. From the two cases already put before the courts all four judges have agreed that the decision to award the contractor an extension of time was the correct one after considering the arguments of both parties. The judges put great emphasis on adopting a common sense approach when considering an extension of time in order to make a fair and reasonable decision.   Concurrent causes of delay arose as no dominant cause of delay could be identified and therefore apportionment approach was adopted which had strong support from all the appeal judges. If an appeal was made to the Supreme Court I believe the judge would reject City Inns appeal as it is clear to see a common sense approach has been adopted to achieve a fair result between City Inn and Shepherd Construction. 6.0 References Literature Cushman, R., Carter, J., Gorman, P. And Coppi, D., (2001). Construction Disputes: Representing the Contractor Fletcher A. (1998) Key issues in Time Extension claims, Building and Construction Law Keating D., Ramsey, V., Furst S. (2000) Keating on Building Contracts Ross J., (2004) Knowledge Is Power: The Freedom of Information Act comes into Force Smith H., (2010) Construction Dispute Avoidance; Herbert Smith, Newsletter no.18 Websites alway-associates.co.uk/legal-update/article.asp?id=24 Accessed 03/03/11 brewerconsulting.co.uk/cases/RPC_CES4.htm Accessed 01/03/11 cila.co.uk/files/Construction/Kennedys/Concurrency%20Talk.pdf Accessed 04/03/11 charlesrussell.co.uk/UserFiles/file/pdf/Construction%20%20Engineering/BB_sept_2010/concurrent_delay.pdf Accessed 26/02/11 clarkslegal.com/Article/533/Counting+the+cost+of+lost+time+-+apportioning+concurrent+delay+in+EOT+claims Accessed 13/03/11 dac.co.uk/documents/resources/articles/Delaying_tactics_Property_Law_Journal Accessed 13/03/11 jonesday.com/extensions-of-time-concurrent-delays-and-causation-city-inn-v-shepherd-judicial-guidance-from-the-uk-courts-at-long-last-05-14-2008/ Accessed 16/03/11 pinsentmasons.com/PDF/SteriavStigma0408.pdf Accessed 17/03/11 www.pinsentsmasons.org/PDF/CityInnLtd.pdf Accessed 18/03/11 rics.org/site/download_feed.aspx?fileID=3400fileExtension=PDF Accessed 05/03/11 scl.org.uk/node/533 Accessed 26/02/11 scotcourts.gov.uk/opinions/2006hcjac27.html Accessed 29/02/11 www.theqsi.co.uk/cpdmod/concurrent%20delays%202.doc Accessed 28/02/11 tonybingham.co.uk/column/articlepick.php Accessed 07/03/11

Free Essays on History Of Coca-Cola

The History of Coca-Cola The Coca-Cola company started out as an insignificant one man business and over the last one hundred and ten years it has grown into one of the largest companies in the world. The first operator of the company was Dr. John Pemberton and the current operator is Roberto Goizueta. Without societies help, Coca-Cola could not have become over a 50 billion dollar business. Coca-Cola was invented by Dr. John Pemberton, an Atlanta pharmacist. He concocted the formula in a three legged brass kettle in his backyard on May 8, 1886. He mixed a combination of lime, cinnamon, coca leaves, and the seeds of a Brazilian shrub to make the fabulous beverage(Things go better with Coke 14). Coca-Cola debuted in Atlanta’s largest pharmacy, Jacob’s Pharmacy, as a five cent non-carbonated beverage. Later on, the carbonated water was added to the syrup to make the beverage that we know today as Coca-Cola. Coca-Cola was originally used as a nerve and brain tonic and a medical elixir. Coca-Cola was named by Frank Robinson, one of Pemberton’s close friends, he also penned the famous Coca-Cola logo in unique script. Dr. John Pemberton sold a portion of the Coca-Cola company to Asa Candler, after Pemberton’s death the remainder was sold to Candler. Pemberton was forced to sell because he was in a state of poor health and was in debt. He had paid $76.96 for advertising, but he only made $50.00 in profits. Candler acquired the whole company for $2,300(Coca-Cola multiple pages). Candler achieved a lot during his time as owner of the company. On January 31, 1893, the famous Coca-Cola formula was patented. He also opened the first syrup manufacturing plant in 1884. His great achievement was large scale bottling of Coca-Cola in 1899. In 1915, The Root Glass Company made the contour bottle for the Coca-Cola company. Candler aggressively advertised Coca-Cola in newspapers and on billboards. I... Free Essays on History Of Coca-Cola Free Essays on History Of Coca-Cola The History of Coca-Cola The Coca-Cola company started out as an insignificant one man business and over the last one hundred and ten years it has grown into one of the largest companies in the world. The first operator of the company was Dr. John Pemberton and the current operator is Roberto Goizueta. Without societies help, Coca-Cola could not have become over a 50 billion dollar business. Coca-Cola was invented by Dr. John Pemberton, an Atlanta pharmacist. He concocted the formula in a three legged brass kettle in his backyard on May 8, 1886. He mixed a combination of lime, cinnamon, coca leaves, and the seeds of a Brazilian shrub to make the fabulous beverage(Things go better with Coke 14). Coca-Cola debuted in Atlanta’s largest pharmacy, Jacob’s Pharmacy, as a five cent non-carbonated beverage. Later on, the carbonated water was added to the syrup to make the beverage that we know today as Coca-Cola. Coca-Cola was originally used as a nerve and brain tonic and a medical elixir. Coca-Cola was named by Frank Robinson, one of Pemberton’s close friends, he also penned the famous Coca-Cola logo in unique script. Dr. John Pemberton sold a portion of the Coca-Cola company to Asa Candler, after Pemberton’s death the remainder was sold to Candler. Pemberton was forced to sell because he was in a state of poor health and was in debt. He had paid $76.96 for advertising, but he only made $50.00 in profits. Candler acquired the whole company for $2,300(Coca-Cola multiple pages). Candler achieved a lot during his time as owner of the company. On January 31, 1893, the famous Coca-Cola formula was patented. He also opened the first syrup manufacturing plant in 1884. His great achievement was large scale bottling of Coca-Cola in 1899. In 1915, The Root Glass Company made the contour bottle for the Coca-Cola company. Candler aggressively advertised Coca-Cola in newspapers and on billboards. I...

The required Freedom and Democracy in Afghanistan

The required Freedom and Democracy in Afghanistan Introduction In the recent years, President George Bush of America once had a freedom agenda for the non-democratic nations. The President’s vow was to stand on the same ground with non-democratic countries like Afghanistan, Iraq, Ukraine, Syria, and Pakistan in search of freedom and democracy.Advertising We will write a custom essay sample on The required Freedom and Democracy in Afghanistan specifically for you for only $16.05 $11/page Learn More Nonetheless, it is true that social equality and free will emanates in a number of ways. In this perspective, Afghanistan as a nation ought to get support in order to relish equal experiences enjoyed by democratic states. This paper therefore takes a look at the democracy and freedom required in Afghanistan. Besides, it highlights personal outlook on whether the merited democracy is appropriate for the Afghan government. Main Body The Islamic republic of Afghanistan has continually experienced repeated viol ence and hatred over the past decades. However, there is still hope of peace and benedictions of freedom and democracy in the country. In the same way the American President gave hope to the countries similar to Afghanistan. In fact, there are several aspects of freedom that could make any country to enjoy its democracy. Initially, Afghanistan deserves the rights to ballot, freedom of elections, sovereignty of assembly and communication, as well as admittance to the rule of law and fairness. Moreover, the country deserves imprisonment, custodial, and death penalty reforms, equal rights for women, and civilians’ fortification (Barry and Greene 5). The republic deserves liberty of religious conviction, human rights watch, marginalized and children’s rights, along with protection from conflict. All these aspects freedom encourages democracy and enable Afghanistan to enjoy the experiences being enjoyed by the democratic federations. The government of Afghanistan deserves t o promote and encourage the minorities’ rights as provided for in the constitution. The freedom encourages democracy and maintains the universal human rights requirements. Correspondingly, the government should safeguard the infants from armed skirmishes. Through the support from non-governmental organizations, Afghanistan has to initiate programs to protect and promote the rights of toddlers besides addressing the ferocity against ladies. The government deserves to deliver elementary healthcare and heavily spend on the kids’ education through the funding from ARTF (Afghan Reconstruction Trust Fund). The self-rule is in consequence appropriate for ensuring that the country has brighter democracy that could last for generations to come in the future (Barry and Greene 25).Advertising Looking for essay on government? Let's see if we can help you! Get your first paper with 15% OFF Learn More Afghanistan on the other hand deserves freedom of religiou s conviction. In monitoring the religious faith, Afghanistan must closely engage the intercontinental associates. The democracy increases once every administration stands by the accountability of commitment and respects both international and national bodies in reverence to the liberty of worship (Barfield 21). As preserved in the Afghan constitution, the government ought to subsidize its democratic policies. The suitable democracy afterwards stimulates the religious understanding and tolerance in facing radicalization of the Islamic and Christian compatibility. Recently, thousands of deaths were reported in Afghanistan. As a result, there is need for protection of civilians by the national security. A good numbers of sufferers that arise from assassinations by the radical and fierce factions (Al-Qaeda) are females and the infants. The government should welcome the ISAF (International Security Assistance Force) by taking the strict steps in safeguarding the lives of inhabitants. The civilian protection against conflict is an appropriate measure as the Afghan government finds it substantial when installing operative security. The operative security safeguards the indigenous populace. Defense encourages the changeover progression that transpires when Afghan National Security Forces instigate the leading role in national security concerns (Bastian and Luckman 34). The constitution of Afghanistan provides for equal rights to both women and men. However, a lot has to be done to ensure these rights are brought into being. The government should put more energy to advance the superior admittance of women into the primary needs.  The rising involvement of women in partisan and public life as well as monetary groups must be encouraged (Larson 51). The equity is suitable since it caters for the women commitments besides upholding their societal position hence development. In order to push for further democracy, it is wise to improve the political activities, projects, and lobbying in sanctioning women to improve their livelihoods. Likewise, engaging women in political programs help in improving their talents and knowledge thereby becoming the democratic Afghan leaders in the future. In order for Afghanistan to acquire compliance and filled expressions of human rights in the global criteria, the government should perform interior custodial reforms.  The state must endorse improvements and authorize foreign bodies to look after the prisoners. Essentially, welcoming the United States intensive care packages and applied trainings is significant.Advertising We will write a custom essay sample on The required Freedom and Democracy in Afghanistan specifically for you for only $16.05 $11/page Learn More The reforms raise the spirit and compliance of human rights with the universal standards owing to the technical apparatus that moderates the threat of exploitation. These programs encompass custody officers’ drilling, re striction training, and training on the mechanism of human rights grievances aligned with supervision of jail. Reform is suitable for Afghanistan institution since it minimizes over-dependency and mistrust of guilt declaration during trials. Similarly, the forces in Afghanistan ought to initiate the models of handling maltreatment of inmates (Larson 56). The influential and lawful reform provisions carries on with investment in training of human rights of detainees in order to encourage open democracy. According to Barry and Greene assertions, Afghanistan as a non-democratic nation deserves to fully abolish the capital punishment such as death sentence (p.26). Indeed, the Afghan administration has to re-familiarize itself with a freeze in the nations bid of culminating death penalty. For hope of freedom in Afghanistan, the government must overthrow the philosophy of death penalty. It is clear that America government that supports the Afghan democracy is at all costs opposed to the d eath punishment. The social equality is suitable given that every individual is entitled to the right of living (Bastian and Luckman 44). The democratic space in Afghanistan deserves access to the rule of law and justice. The Afghan government should work comprehensively to develop the system of justice through improving the capability of putting the inhabitants who are liable for grave offences on trial. The tasks of observing the office of the Afghan Attorney while prosecuting and investigating the offences encompass the task force build on the capacity of Criminal Justice. A proper democratic nation requires training and engagement of all the fresh police forces to the human rights watch. In Afghanistan, the United States tries to upkeep the Policing Mission in order to reinforce the capacity of the Inspector General (Barfield 25). The sovereignty helps to preclude, inspect, and impeach unlawful activities inside the Afghan national police and the Interior ministry. Access to jus tice and the rule of law is appropriate for the Afghan government in the wake of embracing democracy. The liberty of rule of law and justice helps in maintenance and strengthening of governance while developing access to democracy.Advertising Looking for essay on government? Let's see if we can help you! Get your first paper with 15% OFF Learn More Moreover, democracy transpires due to the availability of trained legal experts who can take care of the unlawful processes, legal principles, unbiased hearings, and legitimate assistance during trials. In general, the democracy ensures law application to help in unprejudiced governance and combat of corruption (Barfield 31). The freedom of assembly and expression is an important democratic aspect in whichever nation. The Afghan journalists and media houses presently face excessive constraints and threats. Therefore, the legislature and constitution are duty-bound to protect the doctrines of free media and speech. The ministry of Culture and Information must issue fresh media bills and engage the human rights and civil societies. The autonomy tends to prompt the anxiety regarding the influence of providing liberty of association and expression. It is advisable for Afghanistan adopt the norm of freedom of expression and assembly in order to embrace democracy. Consultation with the in dependent organizations when drafting the media bill reduces the chances of compromise of freedom of expression and assembly by the government. Right to speech is thus appropriate for Afghanistan since it helps the republic in controlling the social order through overcoming communication encounters. Further, democracy inspires the growth of responsible and open Afghan organizations (Bastian and Luckman 49). The admin of Afghanistan deserves to develop responsible, open, and resilient organizations such as the parliament so as to promote good governance.   The obligation of the Afghan government on electoral reforms would enable clear, comprehensive, and trustworthy elections in the near future. In regards to the components of the constitution, the anti-corruption pronouncement is appropriate to ensure freedom of elections in Afghanistan. In fact, the sincerity and magnitude of democratic restructuring in the Afghan regime should be encouraged amongst the civil societies and politi cal parties by the legislative body. Albeit the passage may seem challenging, the draft legislation on the electoral reforms deserves to be verified and approved by the legislature (Larson 27). Conversely, the Afghan IEC (Independent Election Commission) ought to fulfill the promises on the planned elections to augment democracy. Elections would enable the minority, women, and the other Afghan marginalized groups to fully take part in the electoral process. With the aid of states such as the US and UK, Afghanistan should enjoy democracy akin to any other democratic nation. The support ensures backup and distribution of the ballot through the gender unit of IEC. Hence, improved superiority of Afghan IEC feminine staff and marginalized factions amplifies through the upgraded voter edification. For that reason, freedom of election suitable given that the funds for Afghan Fair and Free Elections foundation ensures the progress and involvement of parties and voters in electoral processes (Larson 36). Conclusion The sequence of democracy and freedom in Afghanistan necessitates intensified struggle with hopelessness. The philosophy of hatred must be dealt with promptly for Afghanistan to enjoy and disperse the faith of embracing democracy. For several decades, Afghanistan has thrived to embrace freedom and democracy but to no avail. In recent times, the institutionalization of the President’s Freedom Agenda has acted as guiding principle to the Afghan’s future democracy. The categorized practices and strategies are suitable for national promotion of freedom and democracy. However, a number of challenges may face both Afghanistan and its aiders in ensuring democracy and freedom. Barfield, Thomas. Afghanistan: A Cultural and Political History, Princeton, NJ and Oxford: Princeton University Press, 2010. Print. Barry, Charles and S. Greene. What Democracy for Afghanistan? An Analysis Utilizing Established Norms and Five Non-Western Cases, Washington, D.C.: National Defense University, 2009. Print. Bastian, Sunil and R. Luckman. Can Democracy be Designed? The Politics of Institutional Choice in Conflict-torn Societies, London and New York: Zed Books, 2003. Print. Larson, Anna. Deconstructing Democracy in Afghanistan, York University, Afghanistan: Afghanistan Research and Evaluation Unit, 2011. Print.

Diversity and Tension in Collectives and the Opportunities for Essay

Diversity and Tension in Collectives and the Opportunities for Solutions that can Strengthen a Brand Community - Essay Example A brand community will include consciousness of kind in which connections within the community define them in contrast to those outside of the community, rituals and traditions which will support the history, culture, and consciousness of the community, and a sense of duty or obligation in which both the needs of the community and the needs of the individual are integrated (Cova, Kozinets, & Shankar, 2007). In understanding the differences and tensions within a collective, a business can find ways to create integrated solutions that will expand the experience of a consumer as they are making their choices so that individual needs are fulfilled, as well as collective goals. Package Solutions In the search for ways in which to connect to consumers, often times it is best to approach the needs through provisions of solutions that can create many outcomes. This concept, as suggested by Epp and Price (2011) develops an experience through mass product and service production for the individ ual that can be integrated to fit a group of needs. Each need is addressed in order to make the whole experience satisfactory. As an example, Epp and Price (2011) quote from Sawhney (2006) for the way in which Kodak has approached the changing market and the needs of their customers. Instead of focusing on just providing digital camera solutions, they have approached a spectrum of needs through image software, photo printing at home, and the need to utilize the photographs for keeping memories. Through the concept of collectivity, the goods and services that a company provides being diverse enough that a customer can examine what they want from their product and put together a package of items that is unique and suits all of their needs. Epp and Price (2011) suggest that a company should â€Å"account not only for individual goals but also for relational and collective goals† (p. 36). In order to do this, integration is the format that will give a great deal of success for a company. Epp and Price (2011) state that â€Å" The term ‘integration’ refers to the processes of bringing together potentially diverse products and services in a way that creates value† (p. 36). In other words, in order to serve customers, Kodak would not seek out a way to combine their digital cameras with a good frozen fish product. The purpose of integration is to take related concepts and put them together so that a personalized ‘package’ can be created. Integration is the key to providing value to a customer in promoting new products from the point of associations that have been made to a brand. In creating the ‘package’ of products for a consumer, brand loyalty often follows, assuring that the consumer uses the products that fit together in a meaningful way that adds value to their experience. This type of affective commitment serves the interests of a firm in that the consumer will not feel satisfaction when a substitute product is used, bringing them back towards the brand where they have placed loyalty. The connection that is made between the emotional and the cognitive process when making choices towards a ’package’ of goods and services

Disciplinary actions Essay Example | Topics and Well Written Essays - 750 words

Disciplinary actions - Essay Example In order to do this, there are a number of legislation that an organization should strive to adhere to as guidelines to ways of eliminating any discrimination or the sense of it within a company (Befort & Budd, 2009). By following these legislations, a company is able to show it good will towards all members of the society in an effort to display its non-bias nature towards people from different backgrounds. Some of these legislations include: The Employment Non-Discrimination Act (ENDA) This is a legislation that has been proposed in congress and will specifically deal with the discrimination in the hiring process based on the sexuality or gender of an individual by non religious civilian employers who have at least 15 workers at their disposal (Eleveld, 2007). The legislation protects these employers from denying an individual fair opportunity due to their sexual orientation (that is whether they are gay or lesbian) or because of their gender (that is because they are a man or a wo man). The legislation hopes to protect all groups of people from discrimination in the work place by doing this and attempts to bring equality among individuals working in organizations. If this legislation is passed, gays and lesbians will no longer lose out to jobs due to their sexual orientation, but companies should not wait for its passing to get rid of such discrimination in the work place as doing so is the right thing to do. ... This will motivate the workers to strive harder if they are aware that will not be subject to any discrimination in the end. A disadvantage with this legislation is that it only protects employees who are working in an organization with 15 or more people meaning those employed by small businesses are not protected by it and thus can still be subject to discrimination in the work place. This is not fair to those in small firms as they deserve the same protection that their colleagues in the larger organizations are receiving. The Genetic Information Nondiscrimination Act This legislation prevents employers from using the genetic information they are able to acquire from an individual to base their decisions on hiring or firing them. This legislation was developed to ensure that individuals who may be suffering from genetic disorders/diseases are able to get a fair shot at employment as the rest of their compatriots and that their health complications would not come in the way of them getting a job (Tilcsik, 2011). The legislature was passed in 2008 and aims and restoring parity between all employees in the field after realizing that there was a chance that healthy individuals with no genetic problems were being given preference over their colleagues with genetic defects (Tilcsik, 2011). These defects did not necessarily affect the performance of the individual who was afflicted by it and thus such discrimination proved to be unfair to these types of employees. However, the legislature also has its advantages and disadvantages as well. In terms of advantages, it ensured that all individuals were given a fair chance and climbing up the professional ladder in their career no matter the complications that they may have been

Race and class in New York Conspiracy Trials of 1741 Essay

Race and class in New York Conspiracy Trials of 1741 - Essay Example This further has led a presumption that the blacks are revolting against the whites. The main reason for this conclusion appears to be the threat perception of whites due to the fact that Black population steadily increased to make up for â€Å"one sixth of the population† by 1741 (Parrillo 45). The people allegedly involved in this purported conspiracy have mainly been blacks and poor whites. The court that heard the trials bas been biased against the black race and poor class, due to which it interpreted a case involving â€Å"common theft and arson† as an â€Å"enormous conspiracy† (Zabin 3). Thus, it transpires that racial and class supremacy of the dominant white people of higher social echelon has resulted in poor judgment and prejudice in the New York Conspiracy, due to which many blacks and some lower class white men have been executed in the aftermath of the trial. All the men involved in the alleged theft and subsequent developments have either been bla cks or white people of poor social standing. Another major member of the accused party has been a â€Å"papist priest and Spanish spy† which attributed a conspiracy angle to the episode (3). It can be evidenced from relevant sources that when the city of New York expanded, the affluent have moved away from the docks leaving it open for soldiers, sailors and the blacks to mingle and Hughson’s tavern, by virtue of its location within the close proximity of Hudson River has been ideal for catering the needs of the â€Å"transient residents as well as to the slaves† (7). During this time, the â€Å"religious revival movement† of the 1740s also becomes relevant, which has also caused bitterness among different segments of people (Parrillo 53). The 1741 winter had been very harsh and many witnesses have testified acute shortage of food and fuel but Burton as well as some other witnesses deposed that Hughson hosted â€Å"great feasts† (Zabin 9). Some stat ements even went to the extent that after the coup Hughson aspired to become â€Å"king† and John Gwin the â€Å"governor† while others pointed to the resentment about the disparity between the rich and the poor (10). Thus, the court, despite the absence of solid evidence, concluded that there indeed had been a conspiracy and executed the blacks and poor whites on racial and class prejudice. Evidence also suggests that during the trials, a â€Å"carefully calibrated† social rank system has been apparent, which determined the â€Å"authority and credibility of speeches and interactions† (11). The prevailing system in the early eighteenth century decided the social rank in terms of â€Å"gender, race and economic status† (11). Thus, it becomes obvious that the black people on the basis of race and some white men on the basis of lower economic status have been discriminated in the trials due to which the judges have awarded them the punishment of exec ution. Therefore, many believe that Horsmanden’s account, as one of the city’s elite, can only be seen as a version of the prosecution rather than a record of the actual events. Similarly, religion also has had an upper hand in Colonial America and the religious leaders also favored the higher echelons of the society rather than the poor man. In addition, a designated â€Å"civil government of its own† was absent and thus religion assumed additional power, which it could be used for favoring the elite white people (Godbeer 19). Thus, it

History of Mathematics Essay Example | Topics and Well Written Essays - 1500 words

History of Mathematics - Essay Example With time there was the development of mathematical ideas that are in use today. The Greeks, the Chinese and Western people contributed greatly to the development of mathematical ideas that are in use today. Ideas such as connections, argumentation, number sense and computation, algebra, probability were all great ideas that are used today. These developments are as important as even the ten numerals that are used termed as the counting numbers, or the idea of considering â€Å"zero† an actual number. However, these concepts that were considered difficult in the previous days are not simple and this has been due to the fact that in recent days the way in which mathematics is taught makes the concepts easier2. These concepts and ideas were discovered through using the knowledge of the previous mathematicians that were often inherited from the earlier mathematicians who lived before them. In addition, the concepts were discovered through the use of the mathematical and numerical systems, and through the activities that their culture encouraged them to get involved in. While the present day students learn mathematics through books and teachers, theirs was the tedious way often trial and error played a part. The base ten systems in use today that had place values was the representation of the numerals that ranged from 0 to 9 that in most cases were used in combination to express real numbers. The early cultures that saw the rise of these mathematical ideas never used this system while in other countries there were different ways of writing the numbers. Some cultures allowed the use of â€Å"tallying† system when counting the numbers. The tallying included writing four vertical digits that were crossed by a diagonal line to show a group of five scores3. Other cultures had their own systems. For example the Roman numbers used today were used by the Romans. They used consecutive numbers that implied

Cultures and Traditions of Saudi Arabia and Turkey Essay

Cultures and Traditions of Saudi Arabia and Turkey - Essay Example The geographical location of Turkey makes the country a vantage point over the Middle East, Asia, and Europe. This largely influenced the interest of many neighboring countries to subjugate the area. Conquest did not only mean ruling the inhabitants of turkey. Conquest included the influx of foreign arts, culture, and traditions into Turkey. Records have it that from 1251 up to 1939, Turkey's respective government signed treaties, attended conventions, and signed agreements among different neighboring nations which had interest over the country as a colonizer (Shotwell and Deak 179- 181). For example, in 1251, the Turks took into custody Egypt. As a consequence, France who had a dispensation over the area must end the same. So, St Louis and the Sultan of Egypt concluded with a treaty, closing all of French interest in Egypt as well as in Turkey. But, the end of French concessions in the two countries did not mean that the Francs left with everything that they have brought into Egypt and Turkey. Many of their arts, genes, cultural practices, traditions were left behind with the Turks. Aside from that, merchandize exchanges continued as shipping vessels went through the Black sea reaching Constantinople (Shotwell and Deak 14-15). Many other Western... The Greeks too uses the same location to trade with other countries beside Turkey (Shotwell and Deak 14-15). Alongside, Turkey was also actively involved in trading for their needs and to sell their products outside the country. These activities hugely imported into Turkish people mixture of influences. In the early 14th century, the Ottomans' captured Turkey from the Byzantium emperors which were mostly Catholic Christians and established Islamic Faith in the area (Hitchcock, Lloyd, Rice, Lynton, Boyd, Carden, et al 161) which persist to date. In contrast, in Saudi Arabia since about the 5th century after the death of Christ and during the onset of Islam under Mohammed, Bedouins of the Arabian Peninsula shielded their territory from colonializations. Although, Arabs travel far and wide, and people from different races were allowed entrance and exit, this was only for trading purposes which practices persist to the present time. After the death of Mohammed, Islamic religion was vastly adopted and upon which basic lifestyles, mores and traditions were largely based. A Caliphate was installed as a civilian leader of the land. But as soon as the first Caliph died dominion was left to the family of Ibn Saud. Monarchy was established to maintain the tradition and lead the people into a solid society despite religious differences, and some influences from Western and Asian neighbors (Lipsky, Ani, Bigelow, Gillen, Larson, Matthews, Royce, and Gillen 8). Unlike Turkey, the Kingdom of Saudi Arabia relies on their vast oil deposits which are regularly exported. The magistrate established large corporate companies in association with foreign

Global Industries essay Example | Topics and Well Written Essays - 2500 words

Global Industries - Essay Example According to his analysis the funds represent a small fraction of the U.S.-managed fund industry, but despite this their net assets grew by 262% from 1998 to 2005, compared to a 10.8% increase in U.S. high-yield bond funds. There was significant public attention but academic research did not give much attention to the emerging market bond funds. So did the Pension Fund Manager who also did not pay proper attention to this fund. I would have gone deeper in my research as Pension Fund Manager and would take correct and patient decision before shifting from the fund. I would also for a diversified fund investment rather than concentrating on single fund and suffering. Similarly if we study carefully the Lazard's Emerging Market Equity Market Returns annually from 1993 to 2008 we can note of certain emerging markets doing very well. In 1997 Turkey, Hungry and Mexico returned more that 50% from the equity market. In 1998 Korea and Greece returned more than 50%; in 1999 Russia and Turkey returned more than 200% % and Indonesia, India and Korea returned more than 75% from this market. 2000 was a poor market but from 2001 the equity market again started looking up. By 2002 the return was very lucrative: Pakistan returning 150% and Check Republic and Indonesia returning about 40% and above. Minimum five important emerging markets continued yielding sound returns till 2007 The main problem concerns about reading the market trends correctly and selecting the target market with the help of proven experts in the market. Perhaps the Pension Manager could not foresee the correct trends in the market and his decision about investment yielded losses. In 2003 the loss incurred was due to wrong reshuffling of his portfolio to US Treasury Bills for two years and Treasury notes yielding only 1% to 3% return. This is period when many of emerging markets Equity funds in Thailand, China, India, Colombia, Egypt, Argentina, Brazil equities funds achieved fabulous results with more than 70% to 140% returns. Wonderfully his decision to go back to equities again was taken in 2007, which was the marginal year for the financial markets. From 2008 the world financial market collapsed and caused losses to each and every one including the emerging markets. Emerging Market Equity Returns 2008 The new Pension fund manager obviously has a great responsibility to earn minimum 7-8% on the investment and satisfy the employee representative on the board who is risk averse and very much concerned that the pension will have enough funds available for retirees. 1. What is your position on future growth of the US over the next 5 years, 10 years and 20 yearsAmerica's Wall Street has been the financial center of the world for decades. "When Wall Street sneezes, the rest of the world catches a cold." In such a financial scenario there is need to examine the American financial market and its future. The current market is already depressed and the depression has been rated by most of experts equal to or more than the depression of the 1930s. 30s depression lasted for about a decade with intermittent recovery for brief period. The recession of 2008 also is likely to extend for a decade at least. US Recession The dollar slumped to a 15 year low against 6 of