Speech Presentation on Research Paper on Audition Memoir by Barbara or

On Research Paper on Audition Memoir by Barbara Walters - Speech or Presentation Example Journalism and media students will do the same, and predictably, all students will prefer to be like the US top interviewer and TV personnel, Barbara Walters. Barbara, in her memoir, outlines with a lot of lucidity, the stages she went through before making it to success. She talks of her inspirations, efforts, as well as the challenges she faced on her way to success. I will discuss, in brief but succinct manner, these three aspects present in the memoir. Just like several other successful professionals, Barbara Walters has led an extraordinary life. She has undergone what most motivational speakers would give as examples of success challenges. She talks of her father, Lou Walters, who is the owner of most of the nightclubs, the main one being the popular Latin Quarter Nightclub. She describes her father as a man who never bothered about risk taking. His risk taking lifestyle made Barbara aware of challenges or the difficulties that comes in when an individual makes a decision to ta ke great risks. Analyzed, Barbara's consistency amidst all the challenges came as a result of her father whom she treated as a role model. Her father left her with a Daddy thing with her: susceptibility to older, sometimes men who are already married. Her popular story of a long and secret affair with the then Massachusetts senator, Edward W. Brook is one of the first auditions that hit the tabloids (Oppenheimer 87). Her struggle and fights to maintain and survive in relationships and several others provided a fundamental background for her to move on and manage her carrier amidst challenges arising from the internal and external forces. The audition makes it clear that Ms. Walters is very careful and keen to keep in touch with many of the people whom others who had enough evidence said killed her lovely parents. She will not hesitate in case Lyle Menendez could give her chance to interview at the prison. She will also do the same if O.J. Simpson confesses (Wonder 57). Besides, the most challenging part of her career is one of the interviews she carried out with the killer to John Lennon. The interview, which did not do any good to Mark David Chapman, was a heavily protected one. It is always very common for people to have and control their emotions. However, there are levels when it becomes a hard nut to crack, for an individual, to continue holding and controlling his or her emotions. Imagine yourself talking face to face with your father or mother’s killer. What will you do? Will you be armed and make a perfect revenge? Will you be confident all through the interview? That is what Barbara went through. She managed to hold a successful interview with the killers of her father (Walters 478). Arguably, she is more than any other woman from any part of the world who claims courage and self-control within herself. Barbara is also an epitome of forgiveness. She is ready to let go any form of enmity between herself with anyone. Her forgiveness nature and re adiness to take things the way they were provided a good foundation for her success as a journalist. Journalism is one of the careers that rely a lot on the feedback given by the audience. As a journalist, Barbara knew quite well that, without certain qualities, she would not make it to the level where she is actually at as we talk today. In addition to the mentioned challenges, Barbara

Creative Brief Essay Example for Free

Creative Brief Essay Is to increase the consumption of milk among the teenage group so that they would drink less sugary and carbonated drinks that would harm their health . The Product Milk is by far the healthiest beverage after water . Milk helps to strengthen the bones and the teeth . Milk drinking drops off sharply in the teenage years because it is considered to be uncool and most of teenagers are worried about the calories and fat . Part of it has to do with the lack of flavours and the packaging being dull . This is what we found out about the product we decided to help , which is HL Milk by Marigold . Target Audience Our target audience would be males and females aged from 16 to 25 years old .Milk is a beverage that every parent would tell their kids to drink as children , though most of them still drink milk for breakfast but they still choose to drink other drinks like coke , pepsi or ribena .Milk has become less relevant to their lifestyles . They think milk doesn’t go well with foods like Mcd , Pizza and KFC . Why they choose soft drinks is because the soft drinks are exciting , versatile and its an acceptable alternative to milk . Promise and support Promise Todays milk can help the teenagers become strong and dynamic . Looking at the hectic schedule teenagers have these days ,it is recommended to drink milk to help them feel fresh and energized the whole day . Support. Milk has the nutrition the body needs to look and feel dynamic. Today most teenage athletes and famous teen celebrities drink milk . Ice –cold milk taste great especially with HL Milk`s 3 new taste which are peach , coffee and mango . It has a more refreshing taste to it . Not to heavy nor to creamy . Its light and smooth . Brand personality. The personality now of HL Milk is dull and there isn’t any attractive colours that would attract a consumer to get it . Some consumers especially teenagers look at the packaging before purchasing products . If its attractive and youthful they would purchase it .The old packaging is very practical and conservative as it only has 2 colours with no pictures on the box . The needed personality for teenagers to buy the HL Milk would be exhuberant , contemparory and youthful . The packaging would suit the lifestyle of the teenagers . The would be shy to drink milk in public .

The Journey From Education To Unemployment

The Journey From Education To Unemployment EXECUTIVE SUMMARY The jobs-skills mismatch in the country has been in existence since 1965. It was observed by experts following an imbalance of manpower training and manpower need (Bernardino, 1965, pp 3-4) and a great number of unemployed with college degrees (Limcaco, 1965, p. 8). It was reiterated in the 1970 report of the PresidentiaCommission to Survey Philippine Education (PCSPE) that found a mismatch between students college courses and the training required by the world of work (Santamaria, 1979). The prevalent mismatch between the educational system and the employment sector is a continuing concern in the country. The conduct of the National Manpower Summit and National Human Resource Conference in 2006 and 2007 respectively, which were spearheaded by DOLE and attended by various stakeholders, identified the gaps between supply of the labor workforce and market demand. These yielded several recommendations. Through personal interviews with the top management of various stakeholders such as DOLE, ECOP, TESDA, PMAP and other companies and employers, the team was able to gather comparative data to reinforce the presence of the mismatch. The facts are supported by figures in the websites. The study recognizes that the aggregate supply of graduates is greater than the market demand thereby resulting to unemployment or underemployment. This is where the mismatch occurs. The study identified three levels of mismatch: 1) on the number of graduates vs. the number of jobs available; 2) on the quality of graduates vs. industry expectations; and 3) on the skills acquired vs. skills required. The jobs-skills mismatch is greatly influenced by the macro environmental factors, namely; social, political, economic and technological. Included among the Social factors are high population growth and an increasing incidence of poverty. This high population growth cancels out the effect of economic growth particularly the creation of jobs to absorb the excess labor supply. As regards political factors, there is no central organization that brings all the stakeholders (Employers, Employees, Sector groups, NGOs etc.) under one umbrella to make sure that all the stakeholders work together. Also, there is a lack of government program to inform the potential workforce on the requirements of the market (i.e. what courses to take, what skills are needed, etc.). On economic factors, higher levels of sustained economic growth is needed to reduce the unemployment and underemployment rate. And finally, technological factors, educational institutions should acquire modern advanced technology t o match the requirements of the rapidly changing and the emerging industries. This paper proposes short and long term possible solutions to address the mismatch. Some of these recommendations are the conduct of National conference involving employer groups such as ECOP and PCCI as well as captains of industries to draw up one united and uniform comprehensive plan; creation of Human Resource Development; Partnership between education institutions and industries; and creation of National Curriculum Research Institute that will constantly study and review current curricula, develop and recommend revisions among others. In the evaluation of the education institutions and the industries, there is a significant mismatch between what the institutions produce and what the market demands. The jobs-skills mismatch is a major contributing factor in the unemployment rate in the country. Hence, addressing mismatch could remarkably decrease unemployment rate. More active participation and stricter intervention of the government is needed to address the mismatch problem in the country. OBJECTIVE OF THE STUDY This study seeks to: Examine the system of supply and demand of the labor workforce in the country; Identify the causes and effects of the jobs-skills mismatch; and Come up with recommendations in filing the gap between the supply and demand. SCOPE AND LIMITATION OF THE STUDY The scope of this study is limited to the mismatch in the Philippines job market. It focuses on the mismatch between the number of graduates in each course and the number of vacancies in each industry in the country. For the purpose of this study, let us clearly define that the skill acquired is the vocational course or college while the skill required is the job vacancy. METHODOLOGY The sources of information of the study are composed of two methods the primary and the secondary method. For the primary method, the team conducted interviews with the different key personalities of various stakeholders, i.e. Department of Labor and Employment (DOLE), the Employers Confederation of the Philippines (ECOP) and Peoples Marketing Association of the Philippines (PMAP). The team used the same set of questions to test if the interviews will yield similar findings. For the secondary method, the team used company manuals, statistics and data gathered from the internet and other studies previously conducted by different individuals and groups on jobs-skills mismatch. DETAILED REPORT INTRODUCTION The jobs-skills mismatch in the country has been in existence since 1965. It was observed by experts following an imbalance of manpower training and manpower need (Bernardino, 1965, pp 3-4) and a great number of unemployed with college degrees (Limcaco, 1965, p. 8). It was reiterated in the 1970 report of the PresidentiaCommission to Survey Philippine Education (PCSPE) that found a mismatch between students college courses and the training required by the world of work (Santamaria, 1979). The conduct of the National Manpower Summit in 2006 and 2007 initiated by DOLE identified the gaps and made several recommendations. Government restructuring or the creation of a single government agency to address employment concerns is one of the common solutions recommended by various employment stakeholders. It is supported by the study of TESDA in their papers Skills development and recognition in Asia and the Pacific. An HRD Central Agency will be established to develop policies and programs for the establishment of a strong HRD sector in the government. According to the paper of Andrew Gonzales entitled Higher Education, Brain Drain and Overseas employment in the Philippines-Toward a differetiated set of solution, the Philippine case of mismatch between the manpower needs of the country and the output of the higher education system is an example of interlocking conflicts. Data show concrete indication of the gap between our educational system and the employment sectors. In 2010 alone, only 82% of the new graduates are new hires, 18.5% of the college graduates are among the unemployed and as of 2010, the Department of Labor and Employment (DOLE) identified 54, 417 job vacancies. One of the notable causes of mismatch is the lack of infomration by families and individuals in the labor market requirements. Because of this, institutions may have provided the graduates the skills that are not necessarily required by the market. MAJOR STAKEHOLDERS EMPLOYERS CONFEDERATION OF THE PHILIPPINES (ECOP) The Employers Confederation of the Philippines (ECOP) is the single voice for the entire business community in the country on important national issues related to employment, industrial relations, labor issues and related social policies. ECOP was born on September 10, 1975. Before ECOP, the business sector and employers in the country were represented by two major business organizations, namely: the Chamber of Commerce of the Philippines (CCP); and the Philippine Chamber of Industries (PCI). The creation of ECOP made tripartism a reality, with the Trade Union Congress of the Philippines (TUCP) representing a labor sector, and the Department of Labor and Employment and the other agencies as the state instrumentality. On May 1, 1978, the government through Presidential Letter of Instruction (LOI) 688 recognized ECOP as the single voice of employers, to be consulted by the government, together with labor, in the promulgation of a scheme which would promote and sustain an adequacy machinery for cooperation between labor and management at approapriate levels of the enterprise. DEPARTMENT OF LABOR AND EMPLOYMENT (DOLE) The Department of Labor and Employment (DOLE) started as a small bureau in 1908. It became a department on December 8, 1933 with the passage of Act 4121. The DOLE is the national government agency mandated to formulate and implement policies and programs, and serve as the policy-advisory arm of the Executive Branch in the field of labor and employment. It consists of the Office of the Secretary, 7 bureaus, 6 services, 16 regional offices, 12 attached agencies and 38 overseas offices with a full manpower complement of 9,806. It operates on a current budget of Php 6.618 B and ranks 14th out of 21 departments. The vision and mission are consistent with the Platform and Policy Pronouncements on Labor and Employment of President Benigno S. Aquino IIIs administration, herein referred to as the 22-Point Labor and Employment Agenda, the DOLE is the lead agency mandated to develop the competencies and competitiveness of Filipino workers, to deliver employment facilitation services for full and decent employment, and to promote industrial peace based on social justice. It serves more than 38.51 million workers comprising the countrys labor force , including the 3.62 million temporary migrants working in about 215 destinations worldwide . The DOLE clients include trade unions, workers organizations and employers and/or employers groups (i.e., ECOP, chambers of commerce and industries, TUCP, FFW, etc). There are 123 existing Tripartite Industrial Peace Councils or TIPCs (13 regional, 44 provincial, and 66 city/municipal) and 128 existing Industry Tripartite Councils (46 regional, 48 provincial and 34 city/municipal) serving as mechanisms for social dialogue in addressing labor and employment issues. The DOLE also maintains linkages with non-government organizations (NGOs), government agencies, the academe, partner international organizations (e.g., ILO, IOM, IMO, UNDP, UNICEF), and with the international community, particularly the host countries where our OFWs are based. DEPARTMENT OF EDUCATION (DepEd) Education in the Philippines has undergone several stages of development from the pre-Spanish times to the present. In meeting the needs of the society, education serves as focus of emphases/priorities of the leadership at certain periods/epochs in our national struggle as a race. The DepEd was transformed from the former Department of Education, Culture and Sports (DECS) to the Department of Education (DepEd) and redefining the role of field offices (regional offices, division offices, district offices and schools). RA 9155 provides the overall framework for (i) school head empowerment by strengthening their leadership roles and (ii) school-based management within the context of transparency and local accountability. The goal of basic education is to provide the school age population and young adults with skills, knowledge, and values to become caring, self-reliant, productive and patriotic citizens. COMMISSION ON HIGHER EDUCATION (CHED) The CHED was created on May 18, 1994 as an attached agency to the Office of the President for administrative purposes. The creation of CHED was part of a broad agenda of reforms on the countrys education system outlined by the Congressional Commission on Education (EDCOM) in 1992. Part of the reforms was the trifocalization of the education sector into three governing bodies. The CHED for tertiary and graduate education, the DepEd for basic education and the TESDA for technical-vocational and middle level education. TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY (TESDA) The Technical Education and Skills Development Authority (TESDA) was established through the enactment of Republic Act No. 7796 otherwise known as the Technical Education and Skills Development Act of 1994, which was signed into law by President Fidel V. Ramos on August 25, 1994. This Act aims to encourage the full participation of and mobilize the industry, labor, local government units and technical-vocational institutions in the skills development of the countrys human resources. The merging of the National Manpower and Youth Council (NMYC) of the Department of Labor and Employment (DOLE). The Bureau of Technical and Vocational Education (BTVE) of the Department of Education, Culture and Sports (DECS), and The Apprenticeship Program of the Bureau of Local Employment (BLE) of the DOLE gave birth to TESDA. The fusion of the above offices was one of the key recommendations of the 1991 Report of the Congressional Commission on Education, which undertook a national review of the state of Philippine education and manpower development. It was meant to reduce overlapping in skills development activities initiated by various public and private sector agencies, and to provide national directions for the countrys technical-vocational education and training (TVET) system. Hence, a major thrust of TESDA is the formulation of a comprehensive development plan for middle-level manpower based on the National Technical Education and Skills Development Plan. This plan shall provide for a reformed industry-based training program that includes apprenticeship, dual training system and other similar schemes. TESDA is mandated to: Integrate, coordinate and monitor skills development programs; Restructure efforts to promote and develop middle-level manpower; Approve skills standards and tests; Develop an accreditation system for institutions involved in middle-level manpower development; Fund programs and projects for technical education and skills development; and Assist trainers training programs. At the same time, TESDA is expected to: Devolve training functions to local governments; Reform the apprenticeship program; Involve industry/employers in skills training; Formulate a skills development plan; Develop and administer training incentives; Organize skills competitions; and Manage skills development funds. Overall, TESDA formulates manpower and skills plans, sets appropriate skills standards and tests, coordinates and monitors manpower policies and programs, and provides policy directions and guidelines for resource allocation for the TVET institutions in both the private and public sectors. Today, TESDA has evolved into an organization that is responsive, effective and efficient in delivering myriad services to its clients. To accomplish its multi-pronged mission, the TESDA Board has been formulating strategies and programs geared towards yielding the highest impact on manpower development in various areas, industry sectors and institutions. PEOPLE MANAGEMENT ASSOCIATION OF THE PHILIPPINES (PMAP) PMAP is strictly profesional, non-stock, not for profit organization of over 1,800 member companies and individual management executives engaged or interested in Human Resource Management and IR works. UNIVERSAL ACCESS OF COMPETITIVENESS AND TRADE (UACT) U-ACT is a private sector-led, non-stock, non-profit, advocacy and research think-tank, affiliated with the PCCI primarily focused on issues relating to trade policy making, trade negotiations and agreements, economic, sectoral and human resource competitiveness. U-ACT is the driver of private sector in the conduct of trade policy and economic competitiveness activities by, analyzing trade policies and agreements, championing institutional reforms, and developing strategic interventions for economic, industry, and economic reforms and adjustment measures. Through established linkages with industry, government and the academe, U-ACT is able to provide the policy and operational support to bring forth measures that enhances the competitiveness of local production networks resulting to economic reforms that will enable global market access of Philippine goods and services. It also provides the structure to develop information and monitoring systems and capacity-building for trade negotiations, making private sector a better-informed group and take advantage of opportunities from trade liberalization. U-ACT is an independent think tank providing proactive, credible, balanced economic and trade competitiveness advocacy, research and training services to Philippine private sector. PHILIPPINE CHAMBER OF COMMERCE AND INDUSTRIES (PCCI) The Chamber movement in the Philippines has been in a constant state of evolution for over a century. One can say that the eminent position now being enjoyed by the Philippine Chamber of Commerce and Industry (PCCI) in the business community traces its raison d etre from a history interwoven into our nations own history of economic, political and social upheavals. The roots of the Chamber Movement can be traced to the 1890s with the formation of the Camara de Comercio de Filipinas. This organization was composed mainly of Spanish companies such as the Compania General de Tobacco de Filipinas, the Fabrica de Cervesa San Miguel and Elizalde Y Cia, among others. This was followed by the creation of the Chamber of Commerce of the Philippines (CCP) in 1903, shortly after the countrys turnover to the United States. The rise of industries in the 1950s created the need for several industry groups to organize an association that would represent their interests and concerns amid the changing panorama of the economy. Thus, the Philippine Chamber of Industry (PCI) was formed. In July 1978, the Chamber of Commerce of the Philippines (CCP) and the Philippine Chamber of Industry (PCI) merged to give birth to a single, unified private sector organization called the PHILIPPINE CHAMBER OF COMMERCE AND INDUSTRY (PCCI). That same year, by virtue of Letter of Instruction no. 780, then President Ferdinand E. Marcos recognized the Philippine Chamber of Commerce and Industry as the sole official representative and voice of the entire private business community. MACRO ENVIRONMENT ANALYSIS Social Factors attributing to mismatch High population growth and increasing incidence of poverty are some of the main factors for the mismatch in job market. The problem is aggravated when the rate of economic growth is less than the rate of population growth. High population growth led to repeated pregnancy which lowers the women participation in labor force. Higher number of children in a family with low-income level makes it difficult for the family to send all the children for higher education. Less dense populated provinces dont have good schools which results in less skilled workforce. Political Factors attributing to mismatch There is no central organization which brings all the stakeholders (Employers, Employees, Sector groups, NGOs etc.) under one umbrella and makes sure that all the stakeholders work together, are heard and have ownership. Also, there is a lack of government program to inform the potential workforce on the requirements of the market (i.e. what courses to take, what skills are needed, etc.) Labor code and existing work-related laws have not been reassessed and reviewed to adapt to the changing times. Government spending on Education is increasing (Annexure-Chart1) but major portion (approx 89%) of that goes to the maintenance of DepEd, wages etc. There is only small portion left for the improvement of infrastructure of existing schools or opening new schools. Economic Factors attributing to mismatch According to ECOP, the reduction of chronic unemployment and under- employment is not possible without higher levels of sustained growth. For families with low-income it is very difficult to send their children to attend costly courses. Further, low income individuals consider the duration of course as a major factor in the decision making as he cant afford to spend couple of years without any income. To ensure quality of learning, the quality of teaching must be met. Due to low salary, teachers of high quality choose to work abroad for higher salary. With low-quality of teachers one cannot produce quality workforce with proper skill set. Chronic unemployment and jobless growth also add to the problem of mismatch. Source: ECOP Problem of shrinking/stagnant formal sector and expanding informal sector must be addressed in order to tackle the mismatch problem. Source: ECOP Technological Factors attributing to mismatch In a fast changing world where technology and required skill-sets are changing very rapidly, it is very difficult for the schools and training institutes to match the requirement of the employers because they do not possess the modern advanced technology and the cost to invest in new technology infrastructure. Also sometimes the improvement in technology or processes in an organization led to reduction in the workforce. SUPPLY The Educational Institutes: To effectively fulfill the current and future needs of the economy, human resources must be competitive and must possess updated skills. Qualified skilled human resources must be available at the right place, at right time and at the right quantity and quality to meet the changing demands of the economy. Major Supply issues in Philippines are: Jobsà ¢Ã¢â€š ¬Ã‚ skills mismatch English, Communication and Information Technology (IT) Skills Gap Brain drain Over supply of Nurses Supply of Skilled Workers Supply of Professionals Deparment of labour and empolyment had publised below Statistics vide its publication Labour Market monitor: For period 3rd Quarter of 2010, the cumulative total of professionals registered with the Professional Regulation Commission (PRC) stood at 3,090,120. The top professions consisted of the following: By specific occupation, the top ten occupations in terms of the average number of registered applicants consisted of the following, accounting for more than three fourths (38.7%) of the total registrants during the reference period: DEMAND The Employers: Major Demand issues are: Retaining the best talents Medical tourism to generate employment for nurses Positioning The Philippines as a Creative Hub As shown in the table below are the average numbers of occupational vacancy available with the percentage share: The GAP between Demand and Supply: According to DOLE, the following are the in demand and hard to fill occupations in key employment generators from 2010 to 2015: INDUSTRY IN-DEMAND HARD-TO-FILL 1. AGRIBUSINESS Animal Husbandry, Agriculture, Economist, Aqua-culturist, coconut farmer, entomologist (plant), farmer (fruit, vegetable and root crops Feed Processor and Food Technician, Fishery technologist 2. CYBER SERVICES 3. HEALTH AND WELLNESS Nurse, Horologist, Optician, Optometrist Doctor, Physical Therapist, Pharmacist, Medical Technologist, Laboratory Technician 4. HOTEL AND RESTAURANT TOURISM Front Office Agent / Attendant, Baker /Food server /Waiter/Other House keeping Cook 5. MINING Geologist, Mining Engineer, Geodetic Engineer, Metallurgical Engineer 6. CONSTRUCTION Fabricator/Pipe Fitter/Welder Engineer (Civil, Electrical, Design) 7. BANKING AND FINANCE Operations Manager/Teller Accounting Clerks, Book Keepers, Auditors 8. MANUFACTURING Electrical, Technicians, Food technologist, Machine Operators, Sewers Chemist, Electrical engineer, Industrial engineer, IT specialist, machinist, Mechanical engineers, Mechanical Technicians, Chemical engineer 9. OWNERSHIP DWELLINGS AND REAL STATE Building Manager, Construction Manager, Construction worker, foreman, Mason, welder, real estate agents/brokers, Marketer Civil engineer, Mechanical engineer, Surveyor, Architect 10. TRANSPORT AND LOGISTICS Checker, Maintenance mechanics, Stewards Gantry operator, Ground engineer, Heavy equipment operator, Long haul driver, operator, Pilot, Transport and Logistics Machinery, operator, aircraft mechanic and other related skills. Broadly, the DOLE survey defined hardà ¢Ã¢â€š ¬Ã‚ toà ¢Ã¢â€š ¬Ã‚ fill occupations as job vacancies for which an establishment has encountered difficulties in managing the recruitment process. Reasons may include no applicants, applicants lack of experience, skill or license, preference for working abroad, seeking higher salary or problem with location and other reasons. The inà ¢Ã¢â€š ¬Ã‚ demand occupations refer to active occupations/job vacancies posted/advertised recurrently by and across industries/establishments. DEMAND versus SUPPLY: 1. Agriculture and Fishery Sector Inà ¢Ã¢â€š ¬Ã‚ demand occupations with limited supply of certified workers are horticulturists and fisherman. 2. Cyber services Shortages of supply are seen in animators (clean up artists, 3D animators, multimedia artist among others) .This scenario on animators is attributed to the continuous flight of workers to overseas (Singapore, Australia, US etc.) 3. Health and Wellness Nurses are shifting careers to become call centers agents because of the difficulty in finding jobs abroad, particularly in the United States, which has recently imposed visa restrictions. The United States will be more open to nurses because of its new law on expanded insurance coverage, which will drive the health care industry to create job opportunities for health workers like nurses. 4. Mining The mining industry is currently showing potential for job opportunities. This sector requires intervention, particularly in the academic and technical areas. This is evident as hardà ¢Ã¢â€š ¬Ã‚ toà ¢Ã¢â€š ¬Ã‚ fill occupations for the sector is mostly professional. These include geologist, mining engineer, geodetic engineer, and metallurgical engineer. 5. Construction The sectors inà ¢Ã¢â€š ¬Ã‚ demand occupations include fabricator, pipe fitter and welder. These welders are Shielded Metal Arc Welder (SMAW), Gas Metal Arc Welder (GMAW) and Gas Tungsten Arc Welder/TIG Welder (GTAW). However, very limited supply is seen in Submerged Arc Welder (SAW), Gas Oxyà ¢Ã¢â€š ¬Ã‚ Acetylene Welder, and Flux Cored Arc Welder. 6. Banking and Finance Under the sector of Health, Social and other Community Services is Banking and Finance. This sector listed inà ¢Ã¢â€š ¬Ã‚ demand and hardà ¢Ã¢â€š ¬Ã‚ toà ¢Ã¢â€š ¬Ã‚ fill occupations from the professional group. Among the inà ¢Ã¢â€š ¬Ã‚ demand occupations are operations manager and tellers which are graduates of Banking and Finance or Business Management courses. Hardà ¢Ã¢â€š ¬Ã‚ toà ¢Ã¢â€š ¬Ã‚ fill occupations include accounting clerks, bookkeepers, cashier, auditor, accountant, credit card analyst, finance analyst/specialist and risk management officer/manager. 7. Manufacturing The manufacturing sector includes critical skills such as machine operators, lathe operators, bench workers/fitters, technicians, machinists, sewers, and tailors among others. Machine Operator (Press worker) also an inà ¢Ã¢â€š ¬Ã‚ demand occupation has no available manpower supply. 8. Dwellings and Real Estate The sector identified building manager, construction manager, construction worker, foreman, mason, welder and real estate agents/broker as inà ¢Ã¢â€š ¬Ã‚ demand occupations. Professional occupations such as civil engineer, mechanical engineer, surveyor and architect are among the hardà ¢Ã¢â€š ¬Ã‚ to fill occupations for the sector. 9. Transport and Logistics The transport and logistics sectors which cut across construction and mining industries identified checker, maintenance mechanics and stewardess as inà ¢Ã¢â€š ¬Ã‚ demand occupations. Maintenance mechanics with occupational title such as automotive senior technician, automotive air-conditioning technician, automotive electrician, and automotive LPGà ¢Ã¢â€š ¬Ã‚ fuel technician among others have very limited supply of 21 certified workers. 10. Wholesale and Retail Trade The wholesale and retail trade industry continues to thrive in the country as general economic outlook improves and consumer spending rises. As more wholesale and retail enterprises are established, more job opportunities are provided. Problem arising due to mismatch Skill mismatch makes labor market inefficient and imperfect. Job hiring and seeking become expensive. Many vacancies and job openings remain opened. This results in increased unemployment and also hampers the growth of business and the economy of the country. CONCLUSIONS AND RECOMMENDATIONS CONCLUSIONS In the evaluation of the education institutions and the industries, there is a significant mismatch between what the institutions produce and what the market demands. The jobs-skills mismatch is a major contributing factor in the unemployment rate in the country. Hence, addressing mismatch could remarkably decrease unemployment rate. One of the causes of the mismatch is the lack of coordination between educational institutions and industry leaders. As a result, institutions produce more graduates that are not needed in the market. The setting up of a department that would link the education institutions to the industry could be a big step in addressing the mismatch. However, mismatch does not only happen when the labor workforce acquire skills that are not required by the market. Mismatch also occurs in the quality of skills that the graduates acquired vis a vis the demand of the industries. Graduates dont usually possess other skills that industries require interpersonal, communication, and leadership. More active participation and stricter intervention of the government is needed to address the mismatch problem in the country. The intention is simply to make the equation EDUCATION = EMPLOYMENT works. RECOMMENDATIONS After a careful review and analysis of available data, the team came up with the following recommendations: Short Term: In the short term, separate existing initiatives done in the area of addressing the mismatch by public as well as private entities can be consolidated with government taking the lead by way of bringing together various agencies like the Department of Education (DEPED), the Commission on Higher Education (CHED), the Department of Labor in Industry (DOLE), the Technical Education and Skills Development Authority (TESDA) to spearhead a national conference involving employer groups such as ECOP and PCCI as well as captains of industries to draw up one united and uniform comprehensive plan. Long term: 1) A Department of Human Resource Development shall be established. This department will ensure linkage between the education and labor sectors. It shall formulate, among others, an employment plan which will serve as a guide for the education sector on what skills to produce to match the skills required by the industries. 2) Establishment of a central accreditation or re

Base Details :: essays research papers

BASE DETAILS - ESSAY In the poem, "Base Details", SiegFried Sassoon expresses his great disgust towards the majors in the military. He is horrified and appalled at the way the majors act while men are dying out in the battle field. Mr. Sassoon is so furious towards the majors that it takes more than just one word to describe how indignified Sassoon is. These great feelings of anger are derived from the fact that the majors are living a life of luxury while sending young men "up the line" out into the battle field. This is all suggested in the title of the poem with the word "base" suggesting a military base, and/or a base person. And the word "details" suggesting a command, an assignment, and something or someone lowly. "Base Details" is a poem which expresses the feelings of the author towards military majors using differentiable types of imagery. The poem begins by Sassoon describing the majors as demanding, mean, and belligerent men. Bald, out-of-shape and full of gluttony. Sassoon categorizes the majors under the word scarlet signifying childless, bright redness from excessive drinking and yelling of anger. Sassoon presents to us the fact of the majors sending up the young men as soon as they are drafted "up the line to death." This attitude taken from the majors is what angers Sassoon to the point of hatred. To convince the reader of such horrific truth, Sassoon describes how disrespectful the majors are with their "puffy petulant faces" from eating and drinking excessively. Sassoon states how the majors are stuffing their faces and "Reading the Roll of Honor" in safe luxurious hotels while men are dying out on the field. For this, Sassoon feels so contemptuous towards the majors for they are demanding but hypocritical. They give out strict orders and boss soldiers around while they sit down and be tyrannical. They are just so barbaric and arrogant and show so much disrespect for those who have died in battle that it is not only ridicules to Sassoon but probably for the reader as well. It is just so unbelievable how these majors can sit scarlet and short of breath belittling and not recognizing the heroic actions of the men in the battle field by referring to them as "poor young chaps." When in comfort smoking their cigars, they use words which are definitely not suitable for the conditions.

How the Visual Media Affect People

In modern society, media Is everywhere, and It Is almost Impossible to avoid. The mass media have become such an ordinary, everyday part of society that many people fail to realize the immense impact which the mass media have on all aspects of society – including political, economic, and ideological aspects. The mass media influence the way we vote, the things we buy, the way we act, the values we hold, and the way we perceive reality. The media can be very helpful to people and their children who carefully choose he movies and shows that they watch.With high-quality programming in various fields of study-?science, medicine, nature, history, the arts, and so on-?TV and videotapes increase the. Knowledge of the average and the well-educated person; they can also improve thinking ability. Moreover, television benefits elderly people who cannot go out often, as well as patients in hospitals and residents of nursing faceless. Additionally, It offers language learners the advantage of ‘real-life' audiovisual Instruction and aural comprehension practice at any time of day or night.And of course, television and video can provide almost everyone with good entertainment-?pleasant ways to relax and spend free time at home. Nevertheless, there are several serious disadvantages to the visual media. First of all, some people watch the tube' for more hours In a day than they do anything else. In a large number of homes, TV sets-?as many as five or more In a single household – are always on. Instead of spending time taking care of their kids, parents often use the tube as an ‘electronic baby sitter. As a result, television and video can easily place family communication as well as physical activity and other interests. Secondly, too much TV-?especially programming of low educational value-?can reduce people's ability to concentrate or reason. In fact, studies show that after only a 20. Minute minutes or two of visual media, a person's mind ‘rel axes' as It does during light sleep. Another possible effect of television and videotapes on the human brain is poor communication. Children who watch a lot of TV may lose their ability to focus on a subject or an educational activity for more than ten to fifteen 24. Mute minutes. Maybe it is because of the visual media that some kids-?and adults too-? develop attention deficit disorder ADD, a modern condition in which people are unable to pay attention, listen well, follow Instructions, or remember everyday things. A third negative feature of the media is the amount of violence or horror on the screen-?both in real events in the news and movies or TV programs. It scares people and gives them terrible nightmares; the fear created by media images and language can last for a long time.On the other hand, frequent viewers of ‘action programming' unusual about violent crime, fight, killing, and other terrible events and behavior. Studies show that certain personality types are like ly to have strong emotional reactions or dangerous thoughts after some kinds of ‘entertainment. ‘ They may even copy the acts that they see on violent shows-?start fires, carry and use weapons, attack people in angry or dangerous ways, and even worse. Because of the visual media, some people may become dissatisfied with the reality of their own lives.To these viewers, everyday life does not seem as exciting as the roles actors play in movies or TV dramas. They realize they are not having as much fun as the stars of comedy shows. Furthermore, average people with normal lives may new famous media personalities, who seem to get unlimited amounts of money and attention. Also, media watchers might get depressed when they cannot take care of situations in real life as well as TV stars seem to. On the screen, they notice, actors solve serious problems in hour or half-hour programs-?or in twenty- second commercials.Yet another negative feature of modern television is called tras h TV. ‘ These daily talk shows bring real people with strange or immoral lives, personalities, or behavior to the screen. Millions of viewers-?including children-?watch as these ‘instant stars' tell their most personal secrets, shout out their angry feelings and opinions, and attack one another. TV watchers seem to like the emotional atmosphere and excitement of this kind of programming-?as well as the tension of the real but terrible stories on TV ‘news magazine' shows.What effect does frequent viewing of such programs have on people's lives? It makes television more real than reality, and normal living begins to seem boring. Finally, the most negative effect of the tube might be addiction. People often feel a strange and powerful need to watch TV or play a CD even when they do not enjoy it or have the free time for entertainment. Addiction to a TV or video screen is similar to drug or alcohol dependence: addicts almost never believe they are addicted. Even so, tr uthful media addicts have to give yes answers to many of these questions.

Literature Review Internet Essay

A Literature Review on: An Exploration of Internet Programming Technologies for Learning Wayne State University CSC5750 Principles of Web Technology Susan Genden Susan Genden aw0809 Abstract This literature review offers a commentary on programming applications specifically in the area of emerging online technologies for learning. Included is a brief history on the growth of these instructional technologies. We explore four literature reviews that discuss intelligent tutors (used on a one-to-one basis and in a collaborative environment), and virtual reality environments. These publications show students working online successfully in a range of learning situations, where students become more active learners and exercise various choices in the process. Intelligent tutors can be designed to adapt to individual learning styles, and to other learner characteristics. Virtual reality environments offer unique immersive learning experiences. Programmers and researchers are working diligently to develop custom intelligent solutions to online learning needs. Evaluations presented show positive results to date. Obstacles still remain to development in terms of costs and other factors. Implementation and research continue. Introduction Internet technologies are changing our lives and our educational systems (Sheybani, & Javidi, 2004). This literature review presents an overview of four articles on the development of technologies used in online computer based education. The articles reflect continuing change as technology advances become pervasive. Theories about learning environments, and programming and hardware capabilities continue to change. People want educational opportunities that provide flexibility in terms of access, time management, and control (Hooper, & Reinartz, 2002). Education online will indeed become even more accessible, more convenient, and there will be learning environments tailored to the learner’s choices (Jalobeanu, 2003). Educators will have to make the extra effort to keep online learning interesting (Porter, 2005). Researchers are working hard to meet increased programming needs. There are at least two threads of development that lead to our current state in online instruction. One reflects the development of artificial intelligence or AI. The other area reflects instructional technology changes. A few milestones in AI include: in the 1950s, Norbert Weiner discussed feedback 2 Susan Genden aw0809 loops such as the way thermostats measure temperature changes and adjust their settings. He said that intelligent behavior worked in the same way, and might be simulated by computers (www. thinkquest. org, 2006). Newell, Simon, and Shaw created the first artificial intelligence program, Logic Theorist, in 1955-56 (Stottlerhenke Associates, Inc. , 2006). In the 1960s, Eliza, a computer for language between people and computers, was developed, and used intelligent agents (Piramuthu, 2005). The other area of development became apparent in the 1950s, when IBM research teams created computer assisted instructional programs for public schools. People had high expectations for educational use that were not attained. This low level of development continued though the 1960s, 1970s (the PLATO system) and the 1980s. Also in the 1980’s, Papert developed the Logo programming language and children learned to develop simple programming skills (LeFrancois, 2006). By the mid 1980’s, computer use in the schools had expanded to 40% of United States elementary schools and almost twice that in the high schools. By the mid 1990s, computers were integrated primarily in word processing or drill and practice exercises (Reiser, 2002). Since 1995, with the growth of expanded capabilities in multimedia, bandwidth, and programming technologies, the use of the Internet for instruction expanded and enrollments increased. By 1998, 78% of public four-year colleges and universities offered online classes (Reiser).

How a bill becomes a law essays

How a bill becomes a law essays As a child growing up one of the topic I found most interesting was Law. The reason being was I wanted to be a lawyer. I spent a lot of my JHS years watching shows like the Practice etc. When I was given the opportunity to do a report for my government class I could not decide on what to do my report. I constantly hear people complain and criticize the law. Ive quoted everyday citizens saying that it must have been some idiot who passed a law like that. But the reality is it is not one person who passes a law but it is several people. It take a lot of time and debating to go through with passing a law. Therefore the topic I chose was: How a Bill becomes a Law The road a bill takes in becoming a law is a long and tedious process. First, the proposed bill goes through the House of Representatives. Once the bill has been approved by the House, it is then begins its journey through the Senate. After the bill has been endorsed by the Senate, the houses of congress then meet in conference committees to prepare the bill to be sent to the White House. To summarize, the path the bill takes to become a law is a fairly complex impediment. Now to begin, the bill must primarily go through the obstacles of the House. First, a sponsor introduces the bill by giving it to the clerk of the House or placing the bill in a box called the hopper. The clerk numbers and gives a title to the bill and is then entered in the House journal and in the Congressional Record in a procedure called the first reading. Immediately following the first reading, the Speaker of the house assigns the bill to a certain committee. The House has about twenty standing or permanent committees of which each has jurisdiction over bills in a specific area. The committee then studies the bill by hearing the testimony of experts or other interested people. In some cases, a subcommittee conducts the study. The committee may revise and release ...

Womens Sphere - Pre Civil War essays

Women's Sphere - Pre Civil War essays Women of the mid-1800s were as a whole realizing their ability to stand apart from past stereotypes and make a difference. The pre-Civil War period was a time for women to break away form past stereotypes and change the way our country thinks forever. People like the Grimke Sisters were leading figures in many womens rights movements. They emerged from a notorious slave-owning family in the south only to lead rallies for the abolitionists movement. In 1848, a lady by the name of Elizabeth Cady Stanton led the Seneca Falls Convention. This was the first womens rights convention in all of American history. It was a stepping-stone on the way to equal rights for all women. It was an undeniable fact that women were becoming more vocal with there opinions and were precipitating change throughout the country. Sarah and Angelina Grimke were members of a wealthy southern family who rejected slavery for religious purposes. In the 1830s, they moved into a northern Quaker community where they began their fight again slavery. Their first hand experience of slavery made them popular speakers, and they soon found themselves addressing hundreds of eager listeners. At first their audience consisted mainly of women, but men became interested and soon attended the meetings. They had become the first female public speakers in America. This alone was a drastic step in the direction of change for all women. The womans sphere that was once held highly esteemed was now being torn open. Women from all over, especially the middle class, were stepping out from the shadows and made their voices heard. Even through constant criticism, the Grimke Sisters persevered and stood up for what they believed in. A group of ministers reproved the sisters for stepping outside the womans proper sphere. Sara h Grimke quickly answered by saying, the Constitution states that all men and women wer...

A company organizational struc...

A company organizational structure is a guidance to all employees by laying out the official reporting relationships representing the workflow of the company and provide clarity on specific human resources management issues, such as managerial authority and to achieve the company goals George, J. (2005). A formal outline of a companys structure makes it easier to add new positions in the company, as well, providing a flexible and ready means for growth, hence, departments can work more efficiently and have more time focusing on productive tasks. The structure refers to both the formal and informal frameworks that shape how the business is operated. However, the management must select the most suitable structure for the organization as it is not a one size fits all decision. Implementation of a formal organizational structure can also differentiate small-business operations from large-business operations. (David, 2018). This report attempts to focus on the different type of structure (functional, divisional and network structures) undertaken for each type of different organization. However, there are also elements such as work specialization, departmentalization, chain of command, span of control, centralization, decentralization and formalization which contributes to build a positive organization behavior. Functional structure is set up so that each portion of the organization is grouped according to its purpose. The functional structure is more technical orientated hence it enhances productivity level in which the organization can identify the expertise in each department. The lower level hierarchy level also gets to play a role in their responsibility, thus employees will have job satisfaction (Kalliath, 2009). Work specialization is the key structure to the organization structure. Today we use the term work specializations or division of labor, which activities in the organization are subdivided into separate jobs. For example, Google company adopted work specialization element, employees are carefully recruited, and they are job match each employee according to their knowledge. However, this hinders the rapid growth of the organization due to their stringent hiring process. The employees are strongly driven by the corporate culture. The organization also creates motivation to the employees by reward system and job enlargement to make sure that the employee is well engaged in the organization (Steven.L.M, 2005). However, the drawbacks to a functional structure is that it could lead to higher dysfunctional conflict and poor communication between departments which can delay the decision making, inflexibility. This type of structure is only suitable for small organization with one product or service as management can oversee the work process efficiently and maximize the employees performance (Julie. D, 2018). Starbucks had rearranged their organisation structure to improve on customer satisfaction (Shultz, 2008). The functional structure of Starbucks company is centralization of various departments or functions within the organization. By adopting functional structure using departmentalization element (geographic) each region has individual reporting managers which receives a closer managerial support for geographic needs and therefore a clear chain of command is apparent. A high degree of flexibility was used in individual department in adjusting strategies and policies to fit into various market conditions. This allows the employees to communicate effectively within the departments (George, 2005). Thus, there is presence of empowerment for the employees to make their own decisions and this gives them a sense of belonging to the organization (Starbucks, 2018). Today, with the new organizational structure, Starbucks had successfully achieved customer satisfaction and reduncies of employees are also eliminated and hence created a tensed working environment during the change of the structure. individual teams are being centralized to create an infrastructure with span of control globally within the region and hence capability and effectiveness are improved. Management can also focus more on the employees and functional activities can be design for each individual employee so the mission and goal of the organization will be shared across the organisation (Shultz, 2008).

Early Childhood Evaluation Essay Example | Topics and Well Written Essays - 1250 words

Early Childhood Evaluation - Essay Example According to Neisworth, & Bagnato (2004), young children are being mismeasured if formal assessments are used against them. The authentic assessment alternative for infants and young children, they said, should not be those conventional, norm-referenced testing practices which can be detriment to young children. At play-based schools for young children, teachers and Stanford psychologists conclude that the play is the thing (Firth, 2006). The rationale is that in a play-based environment, curiosity and learning are best encouraged because children can choose from a broad range of developmentally appropriate activities. It is wrong to imagine that classes at play-based schools have no structure - the reason for the adamant stance of policy makers to recognize informal assessments (Firth, 2006). Apparently, the word "play" simply invokes mindless movements and killing time initiatives to those un-initiated, which may explain what people thought of as devoid of assessment. Against this backdrop is the fact that the traditional dichotomy between the public-school system and early education has typically meant that play-based curricula have not been practiced by educators within the public-school system, the locus of most policy makers (Erwin & Delair (2004). In most play-based schools, however, where a typical session in the morning or afternoon in two to three sessions per week, a choice is offered among painting, clay, building with blocks, making a book, carpentry (with wood, hammers and real nails), dressing up, working in the sand, or simply racing around or swinging (Frith, 2006). Schools today are under threat by the NCLB law (New York Times, February 14, 2005). Everywhere, there are protests from states where teachers try to protect their beliefs about teaching. The foremost obligation of educators then, according to Morrison (2006), is to reconcile standards with play-based practice. However, he said, in doing this, the following age-old theories and precepts propounded by educational philosophy should be recognized. For example, teachers believed Piaget (1962) who said play promotes cognitive development and enables children to construct knowledge; they have long recognized Montessori (1912) who said play is children's work; respect had long been granted Vygotsky (1978) who opined that social interactions during play are essential to children's cognitive and emotional development; and they had paid tribute to Erikson (1950) who maintained that play enables children to become partners with their futures. At kindergarten level, the developmental areas to be measured may be on levels of cognition, language or communication, motor, social/emotional adjustment, self-help and adaptive skills at (ERIC clearing house, 1999) but they do not necessarily preclude play as locus of measurements. How could you bring something into the kindergarten setting that would satisfy your AP's need for definitive scores and accountability while still maintaining an appropriate learning environment for the children Culled from the National Science Teachers' Association (NSTA) WebNews Digest from 2004 up to the present are what could shed light into the case of formal assessment: 1) Some 68 percent of Americans were not aware or had minimal knowledge of the federal

Victor Moritz Goldschmidt Essay Example | Topics and Well Written Essays - 750 words

Victor Moritz Goldschmidt - Essay Example The family had a history of scientists and philosophers from Victor's fathers and mother's side. In 1914, he became the Professor and Director at Mineralogical Institute of Oslo, when he was offered this position. He worked in this position till 1929. After this he moved to Gttingen. The first important contribution made by him was in the field of geology and mineralogy. Goldschmidt went into geochemistry after the death of raw material in World War 1. The general studies that he carried out marked the beginning of modern geochemistry. His work, Geochemical Laws of the Distribution of the Elements, volume 8 in 1923-38, laid the foundation of inorganic crystal chemistry. (Biography.com) According to Goldschmidt, "The primary purpose of geochemistry is on the one hand to determine quantitatively the composition of the earth and its parts, and on the other to discover the laws which control the distribution of the individual elements."(Bob Weintraub) His doctorate thesis, 'Die hpontaktmetamorphose im Kristianiagebiet' and 'Geologisch-petro-graphische Studien im Hochgebirge des siidlichen Norwegens,' are known as his first two major works. The first publications for geochemistry were 'Geo-chemische Verteilungsgesetze der Elemente.' These were a series of publications under this title. In 1921, he was able to show an electrical balance between the positive and negative ions using an X-ray crystallography. These ions are the most important factor in crystal structure. Goldschmidt's work on the cosmic abundance of the elements and the links between isotopic stability and abundance was led by the analysis of geochemistry, astrophysics and nuclear physics. In 1935, Goldschmidt moved to Norway because of the rise of Nazism. When World War II started Goldschmidt had to move again. He went to Sweden first and then Britain. In Britain he worked in the field of soil science and once the war ended he returned back to Norway. At the time of the war, Goldschmidt always carried a cyanide capsule with him just in case he was caught. According to Goldschmidt cyanide was for chemists, while rope was for mechanical engineers. (Msn Encarta) Goldschmidt got a doctoral fellowship at the age of 21 from the University and a Norwegian doctor's degree when he was 23 years old. There have not been many people who have done this. He did not even have to take the usual exams or degrees to achieve these levels. The Norwegian doctor's degree is usually received after the age of 30 and some people have received it after the age of 50. Thus, it was a big achievement. Goldschmidt won the noblest scientific award 'Fridtjof Nansens belonning,' in 1912, for his work 'Die Kontaktmetamorphose im Kristiania-gebiet.' When he applied for a Professorship in Stockholm, the University was able to give him the same position. This was a special case because the Norwegian University does not offer a position until two years have passed since the appointment. Goldschmidt identified the main difference between geochemical elements of geological evolution. He out them into four groups: 'siderophile, chalcophile, lithophile, and atmophile'. He also identified the fact that the earth and the meteorites have a common origin. He developed the Mineralogical Phase Rule;

ASB'S Framework for Preparation and Presentation of Financial Research Paper

ASB'S Framework for Preparation and Presentation of Financial Statements - Research Paper Example Three more important concepts which are identified by IAS 1 are Prudence, substance over form and materiality. These concepts form the basis of the selection and implementation of the accounting policies. The basic purpose of the framework presented by the IASB is to provide the definition of why the financial statements are required. It also ascertains the qualitative characteristics that eke the process of making the information provided by the financial statements more useful. The framework also elaborates about the basic elements included in the financial statements and the concepts for recognizing and measuring them in financial statements. The general purpose financial statement is required to provide information regarding the financial position including the cash flow and performance of the company. The information provided in the financial statement helps a company in comparing its performance from the last year and supports the management in undertaking important decisions regarding the business. The purpose can only be fulfilled if the financial statements provide information regarding the following aspects of the company. Other information in the notes and related documents help the users in estimation and evaluation of the present and future position of the entity. The framework provided by the IASB addresses the general purpose financial statements prepared by every business entity for addressing the information requirements of a wide range of users in making economic decisions. As the framework addresses the purpose of preparing the general financial reports it may not apply to the special purpose financial reports.  

C5 - Managerial Economics Essay Example | Topics and Well Written Essays - 4250 words

C5 - Managerial Economics - Essay Example The objective of the paper is to provide advice to a large travel agency of Hong Kong from an economic point of view in order to reassess the company’s business strategies. Relevant official data available in the government sites, the local airlines, and travel agencies will also be collected to facilitate the analysis in this study. Our prime focus will be to provide an in-depth analysis of the pricing strategies adopted by the local airline industry by using the concepts of market structure, cost and revenue structure and price discrimination. With this purpose, an in-depth analysis will be conducted through literature review describing the current business environment of Hong Kong airline industry. 2 Background 2.1 Theoretical Background Evidences have revealed that economic factors have a significant influence on the business environment of any and every region (The Times 100, 2008; Kitching & Et. Al., 2009; Floyd & Wooldridge, 1997). Based on this concept, experts have fi rmly stated that macro and micro economic factors, both play a crucial role in influencing the pricing strategies of an industry. Besides, the macroeconomic environment which may greatly affect the demand side of the market, the micro economic factors can be witnessed in terms of the market structure of the industry, the price discrimination taking place in the market scenario, its cost and revenue structure as well as the demand elasticity observed in the industry (Nadar & Vijayan, 2009). Musonera & Ndagijimana (2001) stated that the pricing strategies of an organisation depend largely on the political, economical, technological and social factors. For instance, when the economic factors tend to be highly fluctuating, the pricing strategies of organisations are developed to be flexible which can effectively deal with the economic variations. It is in this context that the aforementioned factors create a string impact on the market structure of firms in an industry which in turn inf luences its pricing structure (Mazzucato, 2000). Hong Kong airline industry is scrutiny by various regulatory bodies, such as Civil Aviation Department, International Air Transport Association (IATA), Airport Authority Hong Kong and others. These regulatory bodies deliver the industry with a strong and well-organised structure (Information Services Department, 2010). The initial factor that will be considered in this study is the influence of market structure on the pricing strategies of the airline industry. Market structure relates to various elements existing in the business environment such as product differentiation, market concentration, economies of scale, vertical integration of the competitors in the market and other similar aspects that in turn define the market structure of an industry. Therefore, market structure can be defined as â€Å"the organisational characteristics of a market that largely determine where it fails on competitive spectrum between monopoly and compe tition†

Freedom Essay Example | Topics and Well Written Essays - 1000 words

Freedom - Essay Example Thomas, lead character of the story, who is living the life of suffering in Chicago's ghettos until he gets his ticket out of craving to get freedom. Bigger is hampered with a powerful zeal that he has cannot control his life and that he cannot do anything other than working as a labor. The character is very complex and has very low confidence level. The novel may only be compared to the Richard Wright supporting culture, and a very complex in fact a negative picture of the black Americans. Mary’s murder gives Bigger a sense of power and identity he has never known. Which though leads him to death at the end but he struggled hard to overcome all his weakness his poverty. He has a great feeling of freedom too as explained in the novel. â€Å"Bigger has a strong feeling of freedom: "Sort of natural-like, me being here facing that death chair. Now I realize about it, it seems like something like this just had to be. He is then fated to death and faces his destiny impenitently. T hinking of that 'the reason I killed for, I am!' Though in prison, shows a great need for a common brotherhood. This actually shows what Wright really think of freedom. As he considered freedom a term when one can free him from any regret from every sin he has done mistakenly or with conscious mind which leads him to death yet is effective as it will end. The novel shows various annoying characteristics of Thomas. As though he was a very terrified boy from white that he never ever tried to rob the white with his gang as he take white not an individual but as a group. So he was very much terrifying and may be his fear will then end at such violence. Richard Wrights has a very complex definition of freedom. As doing a complete analysis of Thomas it seems that writer is a very deep critic of the society’s cruel attitude and the strange implementation of those rules that support racism. He portrays the character as it is a real discovery of such cruel society. Wright has a clear an idea of freedom and also he discovers many hurdles can be faced by achieving such levels of freedom are not possible until one can sacrifice greatly. Mary, Mr. Dalton’s daughter was a really against this racism so she threaten Thomas to forget about all the taboos and to encourage him she spent full night with his boy friend and Bigger her boy friend Jan desperate to prove their liberal thoughts and racial tolerance against the black Americans. Despite Bigger’s embracement they spent great time with him. This is another way of depicting that this is not possible to get a real freedom. As though the couple is giving Thomas a great opportunity to interact with a class of white people but he acts annoyingly. That shows at any cost bigger does not have the ability to overcome his inferiority complex enforced in him from his childhood that may lead to a strange criminal mind set. Like after that evening they get drunk heavily. And Bigger drove to home. Afterward, Mary is too drunk as she cannot go to her bedroom on her own, so Bigger helps her to get there. Drunk and as he get freedom he started kissing Mary. That depicts what the writer another perception towards the fears and complexes of one man that leads him towards violating all the rules. And act like animal as when he get a little space and a chance he forgot what is right and what is wrong and freely do what his fear asks him to do. This is a way to get freedom but deeply this is not a real freedom actually this is an outcome of all those

ASB'S Framework for Preparation and Presentation of Financial Research Paper

ASB'S Framework for Preparation and Presentation of Financial Statements - Research Paper Example Three more important concepts which are identified by IAS 1 are Prudence, substance over form and materiality. These concepts form the basis of the selection and implementation of the accounting policies. The basic purpose of the framework presented by the IASB is to provide the definition of why the financial statements are required. It also ascertains the qualitative characteristics that eke the process of making the information provided by the financial statements more useful. The framework also elaborates about the basic elements included in the financial statements and the concepts for recognizing and measuring them in financial statements. The general purpose financial statement is required to provide information regarding the financial position including the cash flow and performance of the company. The information provided in the financial statement helps a company in comparing its performance from the last year and supports the management in undertaking important decisions regarding the business. The purpose can only be fulfilled if the financial statements provide information regarding the following aspects of the company. Other information in the notes and related documents help the users in estimation and evaluation of the present and future position of the entity. The framework provided by the IASB addresses the general purpose financial statements prepared by every business entity for addressing the information requirements of a wide range of users in making economic decisions. As the framework addresses the purpose of preparing the general financial reports it may not apply to the special purpose financial reports.  

Freedom Essay Example | Topics and Well Written Essays - 1000 words

Freedom - Essay Example Thomas, lead character of the story, who is living the life of suffering in Chicago's ghettos until he gets his ticket out of craving to get freedom. Bigger is hampered with a powerful zeal that he has cannot control his life and that he cannot do anything other than working as a labor. The character is very complex and has very low confidence level. The novel may only be compared to the Richard Wright supporting culture, and a very complex in fact a negative picture of the black Americans. Mary’s murder gives Bigger a sense of power and identity he has never known. Which though leads him to death at the end but he struggled hard to overcome all his weakness his poverty. He has a great feeling of freedom too as explained in the novel. â€Å"Bigger has a strong feeling of freedom: "Sort of natural-like, me being here facing that death chair. Now I realize about it, it seems like something like this just had to be. He is then fated to death and faces his destiny impenitently. T hinking of that 'the reason I killed for, I am!' Though in prison, shows a great need for a common brotherhood. This actually shows what Wright really think of freedom. As he considered freedom a term when one can free him from any regret from every sin he has done mistakenly or with conscious mind which leads him to death yet is effective as it will end. The novel shows various annoying characteristics of Thomas. As though he was a very terrified boy from white that he never ever tried to rob the white with his gang as he take white not an individual but as a group. So he was very much terrifying and may be his fear will then end at such violence. Richard Wrights has a very complex definition of freedom. As doing a complete analysis of Thomas it seems that writer is a very deep critic of the society’s cruel attitude and the strange implementation of those rules that support racism. He portrays the character as it is a real discovery of such cruel society. Wright has a clear an idea of freedom and also he discovers many hurdles can be faced by achieving such levels of freedom are not possible until one can sacrifice greatly. Mary, Mr. Dalton’s daughter was a really against this racism so she threaten Thomas to forget about all the taboos and to encourage him she spent full night with his boy friend and Bigger her boy friend Jan desperate to prove their liberal thoughts and racial tolerance against the black Americans. Despite Bigger’s embracement they spent great time with him. This is another way of depicting that this is not possible to get a real freedom. As though the couple is giving Thomas a great opportunity to interact with a class of white people but he acts annoyingly. That shows at any cost bigger does not have the ability to overcome his inferiority complex enforced in him from his childhood that may lead to a strange criminal mind set. Like after that evening they get drunk heavily. And Bigger drove to home. Afterward, Mary is too drunk as she cannot go to her bedroom on her own, so Bigger helps her to get there. Drunk and as he get freedom he started kissing Mary. That depicts what the writer another perception towards the fears and complexes of one man that leads him towards violating all the rules. And act like animal as when he get a little space and a chance he forgot what is right and what is wrong and freely do what his fear asks him to do. This is a way to get freedom but deeply this is not a real freedom actually this is an outcome of all those

Race and Ethnicity Essay Example for Free

Race and Ethnicity Essay Crash is highly ambiguous in the depiction of multiculturalism in American society. Almost all the ethnicities depicted in Crash question the perception others have their particular group, but at the same time affirm the different stereotypes surrounding their ethnic group. For example, one of the black characters (‘Anthony’) remarks that they should be afraid in a white neighborhood, due to their group’s association with crime. Following this intelligent observation, he and his friend (‘Peter’) proceed to steal a car from a white couple (Rick and Jean Cabot), affirming the stereotype whites have of them. Another example would be the Persian-American father, who is accused by a gun-store owner to be a danger to society, The father denies this fact, but ends up shooting a child. This ambiguous portrayal shows us one of the dilemmas of Multiculturalism in American society. While it strives to acknowledge diversity, it also promotes color consciousness by rejecting color-blind solutions. To quote Gordon and Newfield â€Å"Multiculturalism in the 1980’s sponsored renewed protests against white racism and yet it appeared to replace the emphasis on race and racism with an emphasis on cultural diversity. Multiculturalism rejected racial subordination but seemed sometimes to support itâ€Å". While Gordon and Newfield also attest that â€Å"multiculturalism often avoided race. It designated cultures†, but multiculturalism in Crash inexorably comes down to race and ethnicity. The characters in Crash think in terms of race or ethnicity, not culture. Despite the fact that every major character is culturally ‘American’, race is the definitive factor in determining identity. The upper-class African-American Cameron is accused of not being ‘black’ enough. The Persian-American father is angered that he is mistaken for being an Arab (traditionally considered to be part of the Hamitic race), while both ethnicities can be considered part of Islamic culture. The Asian-American characters and the Cambodian immigrants are first and foremost ‘Asian’ and no attempt is made to distinguish them culturally. This can clearly be seen at the end of the movie; Anthony drops the Cambodians off in Chinatown, an ‘Asian’ neighborhood, inhabited by Chinese-Americans whose culture and language is completely foreign to the Cambodians. Furthermore everyone from South-American is labeled as Latino or Hispanic, despite the fact that Brazilians are culturally and linguistically Portuguese and that Argentina is more ‘white’ than the United States. Detective Ria is called Mexican (the most common Hispanic group in Los Angeles) multiple times in the movie, despite having a shared Puerto Rican and El-Salvadorian background. One must understand that there is a racial divide or a perceived racial divide in American society, not just between the white American majority and minority groups but between different minority groups as well. This is best seen during Crash’s opening scene, where a ‘native’ Asian-American woman (Kim Lee) accuses the ‘native’ Hispanic Ria of being an illegal immigrant in broken English. Another example would be the privileged African-American Cameron. After an attempted carjacking, he is mistaken for one of the carjackers, due to his belligerent attitude and encounters a racial divide that completely nullifies his privileged position. In other words, his upper-class job gave him a degree of ‘whiteness’, which dissipates when he is mistaken for a ‘black’ thug. The racial divide is best described by Ronald Takaki, a Japanese-American and a professor on multicultural American during an encounter with a taxi driver. The taxi driver asked how long he had been in the US; Takaki interpreted his question in terms of race: â€Å"Somehow I did not look ‘American’ to him; my eyes and complexion looked foreign. Suddenly we both became aware of a racial divide between us†. For the taxi driver, an Asian man speaking good English was somehow remarkable and likely made his comment without any racist connotations. For the Japanese-American Takaki, it was a reminder that the notion of ‘Americaness’ was still closely related to race. Another Academic, Schlesinger notes that â€Å"The bonds of cohesion in our society are sufficiently fragile, or so it seems to me, that it makes no sense to strain them by encouraging and exalting cultural and linguistic apartheid. The American identity will never be fixed and final; it will always be in the making†. Despite being an assimilationist, Schlesinger has a valid argument, at least with this quote. ‘American’ is not a fixed identity; it means different things to different minority groups. For the Asian-American woman, speaking broken English raised no questions regarding her Asian-American identity, while the Hispanic Ria was dumbfounded by the fact that the women accused her of being an illegal in broken English. Schlesinger correctly notes how fragile the bonds between the different ethnic groups are. This returns in Crash, where almost every ‘multicultural’ interaction is the result of a crash or conflict. As Gordon and Newfield point out in their essay, multiculturalism might have placed the emphasis on cultural diversity, rather than race or racism, but it has done little to deal with the underlying racial divide that exists in American society. Bibliography â€Å"Argentina Demographics Profile 2010†, Index Mundi, accessed 10-3-2010, http://www. indexmundi. com/argentina/demographics_profile. html Avery Gordon and Christopher Newfield, Mapping Multiculturalism (Minneapolis: University of Minnesota Press, 1996), 3-4 Schlesinger, Arthur M. , The Disuniting of America: Reflections on a Multicultural Society (New York: Norton, 1992) 137-138 Takaki, Ronald, A Different Mirror: A History of Multicultural America (New York: Back Bay Books, 1993) 1-2.

Vapor Compression Refrigeration Cycle Engineering Essay

Vapor Compression Refrigeration Cycle Engineering Essay A compressor is a mechanical device that used increases the pressure of a compressible fluid. The inlet pressure level can be any value from a deep vacuum to a high positive pressure. The discharge pressure can range from sub-atmospheric levels to high values in tens of thousands of pounds per square inch. The inlet and outlet pressure are related, corresponding with the type of compressor ant its configuration. Compressors are similar to pumps: both increase the pressure on a fluid and both can transport the fluid through a pipe. The fluid can be any compressible fluid, either gas or vapor, and can have a wide molecular weight range, that are from 2 for hydrogen to 352 for uranium hexafluoride. As gases are compressible, the compressor also reduces the volume of a gas. Liquids are relatively incompressible, so the main action of a pump is to pressurize and transport liquids. Applications of compressed gas vary from consumer products, such as the home refrigerator, to large complex p etrochemical plant installations. A vapor compression refrigeration system uses a refrigerant sealed in an airtight and leak proof mechanism. The refrigerant is circulated through the system and it undergoes a no of changes in its state while passing through various components of the system. Each such change in the state of vapor is called a process. The process of repetition of a similar order of operation is called a cycle. The compression cycle is given this name because it is the compression of the refrigerant by the compressor which permits transfer of heat energy. The refrigerant absorbs that from one place and releases it to another place. In other words the compressor is used to put the heat laden refrigerant vapor in such a condition that it may dispute the heat it absorbed at low pressure from the refrigerated space, to an easily available cooling medium. Oil refineries, petrochemical and chemical processing plants, and natural gas processing plants are among the many types of industrial plants that often u tilize large vapor-compression refrigeration systems. 2.1 Description of Vapor Compression System Most of the modern refrigerators work on this cycle. In its simplest form there are four fundamental operations require to complete one cycle. Compressor The low pressure vapor in dry state is drawn from the evaporator during the suction stroke of the compressor. During compression stroke the pressure and temperature increase until vapor temperature is greater than the temperature of condenser cooling medium. Condenser When the high pressure refrigerant vapor enters the condenser heat flows from condenser to cooling medium thus allowing the vaporized refrigerant to return to liquid state. Expansion Valve After condenser the liquid refrigerant is stored in the liquid receiver until needed. From the receiver it passes through an expansion valve where the pressure is reduced sufficiently to allow the vaporization of liquid a low temperature of about -10C. Evaporator The low pressure refrigerant vapor after expansion in the expansion valve enters the evaporator or refrigerated space where a considerable amount of heat is absorbed by it and refrigeration is furnished. The schematic diagram of the arrangement is as shown in Figure 2.1 below. The low temperature, low pressure vapor at state B is compressed by a compressor to high temperature and pressure vapor at state C. This vapor is condensed into high pressure vapor at state D in the condenser and then passes through the expansion valve. Here, the vapor is throttled down to a low pressure liquid and passed on to an evaporator, where it absorbs heat from the surroundings from the circulating fluid (being refrigerated) and vaporizes into low pressure vapor at state B. The cycle then repeats. B D C A Figure 2.1: Simple Vapor Compression System. The exchange of energy is as follows: Compressor requires work, w. The work is supplied to the system from the surroundings During condensation, heat Q1 the equivalent of latent heat of condensation etc, is lost from the refrigerator. During evaporation, heat Q2 equivalent to latent heat of vaporization is absorbed by the refrigerant. There is no exchange of heat during throttling process through the expansion valve as this process occurs at constant enthalpy. 2.2 Simple Vapor Compression Cycle Figure 2.2 below shows the simple vapor compression cycle: Figure 2.2: Simple Vapor Compression Cycle Process 1-2: The refrigerant as a mixture of liquid and vapour corresponding to state point 1 enters the compressor where isentropic compression takes place. The compression process increases the temperature of refrigerant from lower limit T2 to the upper limit Tl. Work is supplied to the system and after compression, the vapour is wet or saturated but not superheated. Process 2-3: The refrigerant in the form of vapour enters the condenser at state 2 and heat is rejected at constant pressure and temperature. At exit from the condenser, the refrigerant becomes saturated liquid at state point 3. Process 3-4: The refrigerant at state point 3 enters the expansion cylinder expands isentropic ally and its temperature drops to lower temperature T2 at the end of the expansion process. Work is obtained during the expansion process. Process 4-1: The liquid refrigerant at point 4 enters the evaporator and extracts heat at constant pressure and temperature from the space or substance being cooled and thus produces refrigerating effect. 2.3 Refrigeration Refrigeration may be defined as lowering the temperature of an enclosed space by removing heat from that space and transferring it elsewhere. A device that performs this function may also be called a heat pump. Freon is a trade name for a family of haloalkane refrigerants manufactured by DuPont and other companies. These refrigerants were commonly used due to their superior stability and safety properties: they were not flammable nor obviously toxic as were the fluids they replaced, such as sulfur dioxide. Newer refrigerants that have reduced ozone depletion effect include HCFCs (R-22, used in most homes today) and HFCs (R-134a, used in most cars) have replaced most CFC use. HCFCs in turn are being phased out under the Montreal Protocol and replaced by hydrofluorocarbons (HFCs), such as R-410A, which lack chlorine. However, CFCs, HCFCs, and HFCs all have large global warming potential. Newer refrigerants are currently the subject of research, such as supercritical carbon dioxide, known as R-744.[4] These have similar efficiencies compared to existing CFC and HFC based compounds, and have many orders of magnitude lower global warming potential. 3.0 TYPES OF COMPRESSORS 3.1 Centrifugal Compressor Centrifugal compressors use a rotating disk or impeller in a shaped housing to force the gas to the rim of the impeller, increasing the velocity of the gas. A diffuser (divergent duct) section converts the velocity energy to pressure energy. They are primarily used for continuous, stationary service in industries such as oil refineries, chemical and petrochemical plants and natural gas processing plants. Their application can be from 100ÂÂ  horsepower (75ÂÂ  kW) to thousands of horsepower. With multiple staging, they can achieve extremely high output pressures greater than 10,000ÂÂ  psi (69ÂÂ  MPa). Many large snowmaking operations (like ski resorts) use this type of compressor. They are also used in internal combustion engines as superchargers and turbochargers. Centrifugal compressors are used in small gas turbine engines or as the final compression stage of medium sized gas turbines. 3.2 Axial Flow Compressor Axial-flow compressors are dynamic rotating compressors that use arrays of fan-like airfoils to progressively compress the working fluid. They are used where there is a requirement for a high flow rate or a compact design. The arrays of airfoils are set in rows, usually as pairs: one rotating and one stationary. The rotating airfoils, also known as blades or rotors, accelerate the fluid. The stationary airfoils, also known as stators or vanes, decelerate and redirect the flow direction of the fluid, preparing it for the rotor blades of the next stage. Axial compressors are almost always multi-staged, with the cross-sectional area of the gas passage diminishing along the compressor to maintain an optimum axial Mach number. Beyond about 5 stages or a 4:1 design pressure ratio, variable geometry is normally used to improve operation.Axial compressors can have high efficiencies; around 90% polytropic at their design conditions. However, they are relatively expensive, requiring a large number of components, tight tolerances and high quality materials. Axial-flow compressors can be found in medium to large gas turbine engines, in natural gas pumping stations, and within certain chemical plants. 4.0 APPLICATION OF COMPRESSORS Gas compressors are used in various applications where either higher pressures or lower volumes of gas are needed: Pipeline transport of purified natural gas To move the gas from the production site to the consumer, or the transportation of goods through a pipe. Most commonly, liquid and gases are sent, but pneumatic tubes that transport solid capsules using compressed air have also been used. Often, the compressor in this application is driven by a gas turbine which is fueled by gas bled from the pipeline. Thus, no external power source is necessary. Plants and refineries Petroleum refineries, natural gas processing plants, petrochemical and chemical plants, and similar large industrial plants for compressing intermediate and end product gases. Refrigeration and air conditioner equipment To move heat from one place to another in refrigerant cycles: see Vapor-compression refrigeration. Gas turbine systems To compress the intake combustion air Commercial industry Storing purified or manufactured gases in a small volume, high pressure cylinders for medical, welding and other uses. Cylinder SCUBA diving, hyperbaric oxygen therapy and other life support devices to store breathing gas in a small volume such as in diving cylinders. Many various industrial, manufacturing and building processes to power all types of pneumatic tools.

Flouridation :: essays research papers fc

Flouridation In 1931 at the University of Arizona Agricultural Experiment Station M. C. Smith, E. M. Lantz, and H. V. Smith discovered that when given drinking water supplied with fluorine, rats would develop tooth defects. Further testing by H. T. Dean and E. Elove of the United States Public Health Service confirmed this report, and stated that what is known as mottled tooth. Mottled tooth is a condition in which white spots develop on the back teeth. Gradually the white spots get darker and darker until the tooth is eroded completely. This was believed to be caused by fluorine in drinking water (Behrman pg. 181).   Ã‚  Ã‚  Ã‚  Ã‚  A strong uproar was heard when this was released and people wanted all fluorine out of their water. But later tests concluded that communities with high levels of fluorine in their drinking water suffered less dental cavities. Further testing concluded that at least 1.0 parts per million of fluorine could help to prevent cavities, but more than 1.5 PPM would cause mottled tooth, so basically a little fluorine would be okay but a lot of fluorine would be bad (Behrman 182).   Ã‚  Ã‚  Ã‚  Ã‚   In 1938, with this information, Dr. Gerald Cox of the Mellon Institute began to promote the addition of fluoride to public water systems, claiming that it would reduce tooth decay, however there were two major obstacles in his path, The American Medical Association, and The American Dental Association. Both associations wrote articles in their journals about the dangers of fluoridation of water supplies. The American Dental Association wrote the following in the October 1, 1944 issue: â€Å"We do know the use of drinking water containing as little as 1.2 to 3.0 parts per million of fluorine will cause such developmental disturbances in bones as osteoslcerosis, spondylosis and osteoperosis, as well as goiter, and we cannot afford to run the risk of producing such serious systemic disturbances in applying what is at present a doubtful procedure intended to prevent development of dental disfigurements among children.† (Yiamouyiannis pg. 138)   Ã‚  Ã‚  Ã‚  Ã‚  Despite these warnings Dr. Cox continued to promote fluoridation of water supplies and even convinced a Wisconsin dentist, J. J. Frisch to promote the addition of fluoride to water supplies in his book, The Fight For Fluoridation. Frisch soon garnered the support of Frank Bull. Frank Bull organized political campaigns in order to persuade local officials to endorse fluoridation. This began to apply heavy pressure on the United States Public Health Service and the American Dental Association. (Yiamouyiannis pg. 139)   Ã‚  Ã‚  Ã‚  Ã‚  In 1945 before any tests had been proven to show that fluoride reduced cavities, it was added to the drinking water supply of Grand Rapids, Michigan.

To Kill a Mockingbird by Harper Lee :: To Kill a Mockingbird Essays

A summary: When Scout was six, Dill (Charles Baker Harris) comes to visit his aunt and becomes good friends with the Finches. The children in Maycomb spend all their free time of summer trying to get Boo (Arthur) Radley come out of his house. None of the children have ever seen the mysterious man that lives next door, but they never find out that he is actually shut up in this house. After the summer is over, Scout enters school and gets into trouble because she already knows how to read and to write. She is always constantly getting into fights with boys like Walter Cunningham, the son of a poor farmer. During that year, Scout and her older brother Jem begin to find things in a hole in a tree on the Radley property as they pass it going to and from school. The next summer, Dill returns and the three continue their plans to make Boo Radley emerge from his house. They try to use a fishing pole to stick a note onto one of the windows of the Radleys. One night they decided to sneak up t o one of the windows to have a peek inside. Jem reaches the porch when a shadow appears and the three of them run for their lives just as a shotgun blast is heard. Jem gets caught on the fence by his pants so he has to slip out of them in order to escape. Later he tries to go get the pants that he lost and is afraid. A little bit later Scout hears that the pants were mended very strangely and lying on the fence. The next fall, the children make their first snowman. During this cold spell, Miss Maudie's house burns down and Scout and Jem have to stand outside for fear that their house might also burn down. While they are shivering in the cold, someone wraps a blanket around scout without their knowing it. All indications point to Boo Radley putting the blanket around her. About this time, the children begin to hear in the town that their father is a "nigger- lover." Atticus warns his children never to fight about this, but at Christmas time when one of Scout's cousins makes the same statement, she bloodies his nose. That Christmas, both children receive air rifles but they are given instructions that they must never kill a

Fuzzy Logic Momentum Analysis System For Financial Brokerage Accounting Essay

Abstract- The modeling of fiscal systems continues to keep great involvement for non lone research workers but besides investors and policymakers. Many of the features of these systems, nevertheless, can non be adequately captured by traditional fiscal modeling attacks. Fiscal systems are complex, nonlinear, dynamically altering systems in which it is frequently hard to place mutualist variables and their values. Financial securities firm is concerned with put to deathing orders of purchasing and merchandising of certain sums of portions at the best possible monetary value. Many mathematical and algorithmic systems have been developed for this undertaking, nevertheless they can non look to get the better of a criterion volume based system. This paper proposes a new model for high frequence trading utilizing an intelligent fuzzy logic based impulse analysis system. The system was applied to securities firm of fiscal stocks, and tested against the criterion volume based securities firm system. The Fuzzy Logic Momentum Analysis System has proven to surpass the traditional and standard systems that are used in the industry. Keywords ; Finacial securities firm ; fuzzed logic ; high frequence trading. Introduction It is good known that a chief insufficiency of much economic theory is that it postulates exact functional relationships between variables. On the other manus in fiscal clip series analysis, information points seldom lie precisely on consecutive lines or smooth maps. [ 7 ] suggests that trying to suit these nonlinear phenomena will present an unacceptable degree of instability in theoretical accounts. As a consequence of this intractableness, research workers and investors are turning to unreal intelligence techniques to better inform their theoretical accounts, making determination support systems that can assist a human user better understand complex fiscal systems such as stock markets. Artificial intelligence systems in portfolio choice have been shown to hold a public presentation border over the human portfolio director and recent research suggests that attacks that incorporate unreal intelligence techniques are besides likely to surpass classical fiscal theoretical accounts [ 4 ] . Artificial intelligence attacks have late been normally adopted in fiscal modeling. Traditionally, stock market calculating methodological analysiss have been based on either cardinal or proficient analysis. Cardinal analysis efforts to find the intrinsic value of stocks based on extended macroeconomic informations, whereas proficient analysis relies on analyzing market activity, peculiarly historic monetary values and volume. Whilst there is much back uping research for both schemes in fiscal theory we focus on systems utilizing proficient methodological analysis as the subjective and complex nature of cardinal analysis means it has, to day of the month, received small attending in unreal intelligence research. Fuzzy logic was foremost introduced by [ 6 ] . It is a signifier of multivalent logic which, whilst retaining the deductive construction of classical symbolic logic, includes the construct of grade of truth. Rather than being either true or false, as in binary logic, statements in fuzzed logic have a rank map which defines a fuzzy set ( as opposed to a chip set in conventional set theory ) . Fuzzy logic is hence an ideal attack to jobs that require a representation that can cover with estimates, uncertainness and deficient information and it has been applied to spheres every bit diverse as pattern acknowledgment [ 10 ] , railroad control systems [ 2 ] and computing machine game design [ 11 ] . The regulation base and illation engine of a fuzzed system is comparable to that of the cognition base of an expert system. The application of fuzzed set theory in economic science was foremost presented by [ 12 ] and has since received much attending [ 3 ] Time series theoretical accounts were foremost combined with fuzzed theory by [ 5 ] giving rise to fuzzy time-series, the cardinal model of all the investing systems. Research workers making stock trading systems have implemented many fluctuations of this theoretical account. Most late, [ 1 ] has proposed the usage of Adaptive Neuro Fuzzy Inference Systems ( ANFIS ) , which combine the prognostic belongingss of nervous webs, with the concluding mechanisms of fuzzed logic to make an machine-controlled trading and prediction system that has been used for high frequence trading of foreign exchange currencies markets ( FOREX ) . This paper is outlined as follows. In subdivision II we give a general overview about fuzzed logic illation systems. Section III introduces the fuzzed logic impulse analysis system ( FL-MAS ) . Section IV explains the methodological analysis of utilizing FL-MAS for securities firm. Section V provides a public presentation analysis of the system. Finally, reasoning comments are given in Section VI. Fuzzy illation Systems Many types of fuzzed illation systems have been proposed in literature, nevertheless, in the execution of an ANFIS for fiscal anticipations and appraisal, the most suited theoretical account is the Sugeno theoretical account, which uses if-then-rules to bring forth an end product for each regulation which is the additive combination of the input variables plus a changeless term, and the concluding end product is the leaden norm of each regulation ‘s end product. The regulation base in the Sugeno Model, has regulations of the signifier: If X is A1 and Y is B1 so f1 = p1* x + q1* y + r1 If X is A2 and Y is B2 so f2 = p2 * x + q2 * y + r2 ( 1 ) where X & A ; Y are predefined rank maps, Ai and Bi are rank values, and pi, chi, and Rhode Island are the attendant parametric quantities that are updated in the forward base on balls in the acquisition algorithm. When we calculate the equation of â€Å" First order Sugeno † the grade of rank variable of X1 in rank map of Ai is multiplied by the grade of rank variable of X2 in rank map Bi and the merchandise is deemed a first Liner Regression Weight ( Wi ) . Finally the leaden mean F1 and F2 is deemed the concluding end product ( Z ) which is calculated as follows: A fuzzed illation systems shown in Fig. 1 is a regulation based fuzzy system that can be seen as an associatory memory and is made of five constituents ; regulation base which consists of the fuzzed if-then regulations, the informations base which defines rank maps of the fuzzed sets used in the fuzzy regulations, the determination devising unit which is the nucleus unit and is besides known as the illation engine, the fuzzification interface which transforms chip inputs into grades of fiting lingual values, and eventually the defuzzification interface which transforms fuzzed consequences into sharp end product [ 13 ] . Fuzzy Logic Momentum Analysis System Making a fuzzed illation system to observe impulse is a complex undertaking. The designation of assorted market conditions has been a subject topic to assorted theories [ 14 ] and suggestions. This paper proposes a fuzzed illation system which categorises the market conditions into 7 classs based on monetary value motion, and will utilize the current volume to find the engagement rates ( PR ) of the trading system each clip. Fuzzy InferenceMomentum AnalysisThe first measure in planing the Fuzzy Logic Momentum Analysis System, FL-MAS, is specifying the market conditions that the fuzzy system has to place. In this paper we use the following 7 market conditions to cover all possible motions of the monetary value series: Beat uping Strong up Slightly up Average Slightly down Strong down Crashing These conditions are considered as lingual values for the fuzzy logic system, and will be used to find the current province of the monetary value formation and its impulse. As impulse is built up, the system looks at the old x sum of ticks and performs an illation process by adding all the motions of the current monetary value to the old monetary value to find whether the general tendency has been up or down after ten points. In other words, impulse is detected by the followers: where is the current monetary value, is the old monetary value, and is a fluctuating counter which goes up or down harmonizing to the motion of the monetary value. whenever monetary value goes up it adds 1, when the monetary value goes down it subtracts 1, therefore this can be used in placing market conditions for x sum of points, where if the market is traveling strongly upwards, it will be detected by holding more 1s than -1 or 0s. This can be explained in the undermentioned equation: ( 2 ) where is the period that we want to observe the impulse for. For illustration, if we want to observe the impulse of the last 100 ticks, we add all the up, down fluctuations and so feed the ensuing figure to the fuzzy system which would lie someplace in the rank maps shown in Fig. 2. Membership maps for the lingual variable of market conditions The same process is applied for ciphering the lingual variable volatility, where the lingual values are as follows: Very fast Fast Medium Decelerate Very slow The fuzzy logic system takes both market impulse and volatility in consideration ; it generates the regulations, and eventually takes a determination based upon the sum of market engagement.The DataExperiments in this paper have been carried out on high frequence tick-data of both Vodafone Group plc ( VOD ) and Nokia Corporation ( NOK ) . For both stocks, 2 months of high frequence tick-data between 2nd Jan 2009 and 27th Feb 2009 has been obtained, and split into 30 subdivisions each. This was done in order to avoid any car correlativity between the monetary values. In other words, the fuzzy logic system gets the first batch of informations, performs all the actions of bargains or sells on it, so the same is process repeated utilizing the criterion volume based system, eventually comparing the public presentation of both systems. Once the observation is obtained, the system skips about 10000 ticks and performs the same operations once more, for 30 times, each clip observing the publi c presentation of both systems. It has to be mentioned that 2 months of high frequence tick informations is a significantly big sum of informations, taking in consideration that for each loop the system takes the analysis of the impulse of the past 100 ticks. Fig. 3 shows how the information is split after each simulation in order to avoid any possible similarities or autocorrelation in the monetary value. FL-MAS for securities firm tick informations discarded tick informations High frequence tick by tick informations Sim 1 Sim 2 Sim N The chief aim of the Fuzzy Logic Momentum Analysis System ( FL-MAS ) implemented in this paper is to surpass the industry criterion volume system, that has been used by securities firm houses to put to death big orders of purchasing or selling a certain stock. Many systems have used quantum modeling and analysis to find the assorted engagement rates ( PR ) , nevertheless they normally fail to surpass the criterion volume system in the long term [ 15 ] . This paper uses FL-MAS presented in subdivision 3, to find the PR in the market harmonizing to the current impulse. In other words, if we are on a bargain order, we would prefer to increase the PR ( figure of portions bought at that clip ) , when the monetary value is low, and diminish the engagement when the monetary value is high. Tick informations splitting mechanismStandard Volume System ( SVS )A standard securities firm mechanism for put to deathing big orders is a simple volume based system, which parses the volume being traded, whenever a certain sum of portions ( a threshold ) have been traded, the system would purchase or sell ( depending on the order ) a certain per centum of that. In other words, if there is an order to merchandise 1 million portions of a certain stock. The threshold would be for e.g. 10,000 portions, and whenever 10,000 portions have been traded, if the PR is set to 25 % , the system would purchase or sell 25 % of the mean volume. ( 3 ) where N is the figure of operations required to make the mark order for illustration 1 million portions, % is a fixed PR, for illustration, 25 % whenever the threshold is exceeded. The above system has proved to be efficient and is being adopted by many securities firm houses around the universe. The purpose of this paper, is to turn out that FL-MAS outperforms this type of system on the long tally.FL-MASThe thought here is to utilize the fuzzy logic impulse analysis system described in subdivision 3, to place what market status we are presently shacking in. This will let us to change the PR ( % ) . This provides an advantage, since the system can merchandise sharply when the status is at an extreme. It would besides understate its trading when the status is at another extreme. In other words, if we are selling million portions, the system will do a trade whenever the threshold of volume has been exceeded. However if the current market status indicates that the monetary value is real ly high or beat uping so we know that this is a good clip to sell a batch of portions, for illustration 40 % of the current volume. The same thing applies for when the impulse indicates that the monetary value is strong down which means that the system should sell less sums of volume at this low monetary value, for illustration 15 % . The contrary mechanism applies for purchasing portions. When the market is crashing, this is a good index that we should purchase a big ball of volume ( 40 % ) , and when the monetary value is at an mean point, this means that it would act like the SVS system i.e. purchasing 25 % of Volume. This is shown in Table 1. Engagement rates for buy side and the sell side of FL-MAS Market Condition Buying Praseodymium Selling Praseodymium Beat uping 10 % 40 % Strong up 15 % 35 % Slightly up 20 % 30 % Average 25 % 25 % Slightly down 30 % 20 % Strong down 35 % 15 % Crashing 40 % 10 %Performance MeasuresAfter implementing both SVS and FL-MAS, the standards at which both systems will be compared against each other will be the outperformance of FL-MAS on the SVS in footing points. TheA footing point is a unit of step used frequently to depict the per centum at which a alteration in the value or rate of a fiscal instrument has occurred. One footing point is a1/100th of a per centum orA 0.01 % . It is besides tantamount to 0.0001 in denary signifier. To cipher the betterment ( elf ) for the buy side in footing points we use the undermentioned expression:iˆ?iˆ?iˆÂ ©For the Sell Side the betterment in footing points is:iˆ?iˆÂ µiˆÂ ©Where is the entire cost of purchasing x sum of portions utilizing FL-MAS, and is the entire cost of purchasing the same figure of portions utilizing the traditional SVS. Consequences This subdivision displays the consequences of utilizing both FL-MAS and SVS to purchase 1million portions of VOD and NOK. For each symbol 30 simulations have been carried on the tick-data set described in subdivision 3. The information has been split as described in order to avoid any autocorrelations, both systems have been run and tested on the same information sets. Table 2 displays the cost at each simulation for purchasing 1million portions of NOK utilizing both systems. The mean monetary value of the whole set is besides displayed, and eventually the betterment of FL-MAS against SVS is displayed. This betterment rate can be either positive ; when FL-MAS has outperformed SVS or negative ; when FL-MAS was outperformed by SVS. Table 3 provides a full analysis of Table 2, by demoing clearly the mean outperformance rate of purchasing 1million portions of NOK utilizing FL-MAS, which turns out to be a positive of 2.98 footing points, which means that on mean utilizing FL-MAS we save about 3 footing points whenever we buy 1 million portion of NOK. Table 3 besides displays the consequences of implementing both systems to purchase 1 million portions of VOD. These consequences for VOD ( besides displayed on Fig.4 ) show a much higher mean of around 12.5 footing points. Experiments have been performed once more by reshuffling the information sets utilizing the informations slots that have non been used before, and the observations were really similar to these consequences. Hence another measuring mechanism was to detect the median of the consequences. The median is described as the figure dividing the higher half of a sample or distribution from the lower half. Both Medians for NOK, and VOD were positive, bespeakin g that on mean FL-MAS outperforms SVS for all the purchasing Simulations. Comparing the public presentation of FL-MAS against SVS for purchasing 1M portions of NOK Average Monetary value Cost of purchasing 1m NOK Shares utilizing FLMAS Cost of purchasing 1m NOK Shares utilizing SVS Improvement in footing points 11.55 11278964 11285761 6.02 12.19 11581642 11572708 -7.72 11.57 11904468 11910571 5.12 11.12 11610312 11581174 -25.16 11.45 11076799 11087759 9.88 11.36 11456338 11452293 -3.53 11.03 11390049 11404634 12.79 10.89 10947120 10956223 8.31 10.45 10923870 10950576 24.39 10.31 10373596 10377899 4.15 10.63 10354815 10367941 12.66 10.78 10655795 10644194 -10.90 10.70 10816236 10814437 -1.66 10.45 10723627 10737409 12.84 10.24 10281461 10286957 5.34 10.48 10214443 10205979 -8.29 9.67 10553155 10547707 -5.17 9.67 9581014 9602197 22.06 9.40 9754339 9740190 -14.53 9.22 9521736 9544895 24.26 9.10 9282640 9280416 -2.40 9.38 9135088 9149560 15.82 9.27 9434147 9457587 24.78 9.42 9262702 9272236 10.28 9.77 9439104 9430047 -9.60 9.87 9807817 9799844 -8.14 9.49 9880881 9885421 4.59 9.58 9585207 9580119 -5.31 9.48 9619778 9624263 4.66 9.40 9556780 9555829 -1.00 9.67 9350444 9359424 9.59 9.98 9724834 9707290 -18.07 9.94 9869580 9869177 -0.41 Analysis of consequences of purchasing 1m portions of NOK and VOD Mean ( elf ) Median ( elf ) Entire ( elf ) Buying NOK 2.98 4.63 101.18 Buying VOD 12.48 1.58 374.53 Besides the entire betterment of both is really high indicating that for both the 30 simulations, a 101.18 footing points was saved utilizing FL-MAS on NOK, and a 374.53 on VOD. Buying 1m portions of VOD Similarly, the sell side is displayed in Table 4, and analysed in Table 5. Similar to the bargain side, all simulations and experiments utilizing FL-MAS and SVS, have displayed that on mean FL-MAS has proved to be the better system, and therefore would increase the profitableness of a fiscal securities firm house that executes multiple big orders. Fig. 5 displays the merchandising of 1m portions of VOD. Comparing the public presentation of FL-MAS against SVS for selling 1M portions of VOD Average Monetary value Cost of selling 1m VOD Shares utilizing FLMAS Cost of selling 1m VOD Shares utilizing SVS Improvement in footing points 139.75 138379831 138304137 5.47 142.10 141880579 141466276 29.20 147.30 145752861 145974583 -15.21 145.70 147127925 147242618 -7.80 144.50 145284236 145840646 -38.30 148.30 141887321 141926909 -2.79 138.30 138593022 138540789 3.77 137.60 138159371 138119542 2.88 138.45 137192635 137152512 2.92 138.80 136243869 137297036 -77.30 138.70 138854269 138889050 -2.50 135.95 134818894 134622571 14.56 133.85 135551066 135198498 26.01 136.50 133744440 133824812 -6.01 135.55 136450408 136384280 4.85 139.50 136381824 136248448 9.78 138.30 138364382 138217262 10.63 136.85 136263730 136277519 -1.01 134.20 133894601 133855738 2.90 134.56 133894289 132534941 101.52 127.10 129477007 129129593 26.83 128.90 127159502 127174918 -1.21 130.85 129889373 129821846 5.20 135.50 130203793 130019981 14.12 136.85 135468629 135441956 1.97 136.45 136622702 136595289 2.01 138.05 136719313 136746751 -2.01 136.65 134943043 135082269 -10.32 132.15 133857223 134159108 -22.55 Analysis of consequences of Selling 1m portions of NOK and VOD Mean ( elf ) Median ( elf ) Entire ( elf ) Selling NOK 1.6812 2.9291 57.16 Selling VOD 2.73 2.46 81.83 Selling 1m portions of VOD Decision The job of order executing is a really complicated one. To be able to supply the best monetary value, an executing system has to dynamically alter the engagement rates at each case in order to provide for monetary value alterations, which are driven by impulse and volatility. This paper has introduced a system that makes usage of fuzzed logic, in order to ground out the current market status which is produced by the accretion of impulse. FL-MAS is a fuzzed logic impulse analysis system that outperforms the traditional systems used in industry which are frequently based on put to deathing orders based on the leaden norm of the current volume. Consequences of the enforced system have been displayed and compared against the traditional system. The system proves that on norm it increases profitableness on orders both on the bargain and sell sides. Further work and research has to be done to optimize the public presentation of the system. This could either include the usage of a familial algorithm to optimize the rank maps or the usage of Adaptive Neuro Fuzzy systems which would bring forth all the possible regulations for the system.