Saturday, August 31, 2019

Brazil Will Eventually Become Economic Powerhouse Essay

Currently, Brazil with its population hitting 186. 6 million has the ninth largest economy in the world (Jaeger, p. 2). Since the beginning of the 21st century the country has been enjoying a well-established economic stability, low inflation, high productivity rates and developing macro-economic infrastructure. Currently, Brazilian economic indexes are gradually improving in their dynamics, though some of them still remain on the average level for Latin American region. In particular, GDP growth in 2006 was hardly over 3% (Estevao). Since the middle of the last century Brazil was expected to develop shortly into â€Å"the world’s next economic power. † However due to two-decade long economic stagnation and financial crises in the mid-1980s Brazil has lost its positions and fell short of expectations regarding its economic development, especially in comparison with rapidly progressing economies of the countries in Asian region, such as China, Taiwan or South Korea, etc. (Adrogue, Cerisola & Gelos, p. 3). Nevertheless, in the 1990s a series of well-planned governmental policies were implemented and Brazilian economy went through a number of structural economic changes, which allowed achieving certain stability, especially on macro-economic level. Therefore, country’s inflation was taken under control, external debt was considerably decreased, and numerous measures directed on reformation of financial infrastructure, liberalization of trade, achieving price stability and stimulating general economic growth were undertaken (Jaeger, p. 5-6). This way the country managed to improve its international image and gain a reputation of â€Å"trustworthy† nation again. As a result, since recent times Brazil has been receiving a lot of private investments. Foreign investors are attracted by high return of their funds and relatively low risks. Such significant factors, as good demographic situation in the country, high interest rates, stable political situation and prudent governmental policies regarding overseas trade, created absolutely favorable environment for foreign businessmen, who intend to invest their funds and start their businesses in Brazil. Good investment climate and economic stability are not the only factors determining future rise of Brazilian economy. In addition to that, Brazil is very rich with various natural resources. Those are, first of all, huge territories of arable lands available for cultivation of a great variety of crops. Moreover, there are large mineral and plant resources including iron, copper and even gold, which have not been even properly explored yet. That is why there are great opportunities for different industrial and agricultural companies in Brazil. Undoubtedly, there are some problems which require immediate attention and solution in order to fasten economic development and achieve high levels of social wellbeing. Those include corrupted educational system and problems with human capital, insufficient financial and fiscal systems, poverty and income disparities, etc. Certainly, such reforms are hard to implement within some short period of time, therefore, positive transformations are expected to become effective gradually. Nevertheless, modern Brazil can be called the â€Å"country of the future† with its huge national market, cheap working power, abundance of natural resources, and many other factors determining a large long-term economic potential of the country (Jaeger, p. 2). Great economic stability and openness, steady increase in manufacturing and consumption, establishment of new international trade connections and other fundamentals will definitely contribute greatly to future prosperity and economic power of the country. Works Cited: Estevao, Marcello. â€Å"Brazil Seeks to Unlock Economic Potential. † International Monetary Fund. 26 Feb. 2007. 25 Nov. 2007 . Jaeger, Marcus. Brazil: Economic scenarios for the next 15 years. Ed. Maria L. Lanzeni. Deutsche Bank Research. Frankfurt Am Main: Deutsche Bank AG, 2006 Adrogue, Richardo, Martin Cerisola and Gaston Gelos. Brazil’s Long-Term Growth Performance -Trying to Explain the Puzzle. International Monetary Fund, unpublished manuscript, December 2006.

Friday, August 30, 2019

Is space exploration worth the cost?

Editor’s Note: On January 11, the New York Times blog â€Å"Freakonomics† published a lengthy post titled â€Å"Is Space Exploration Worth the Cost? A Freakonomics Quorum†. The post featured comments provided by a number of people, including David Livingston, in response to the question. The part attributed to Dr. Livingston was just a highly-edited version of what he originally submitted to the Times. What follows is the full article that Dr. Livingston submitted on December 31 in response to their invitation to answer the question, â€Å"Is manned space exploration worth the cost?Why or why not? † As the host of a nearly seven-year-old radio talk show, The Space Show, designed and devoted to furthering space development and manned space exploration, I hear this question often. It is challenging to answer because I find often that I am left wanting for a better response, even from some of the guests and listeners to The Space Show. In general, I do think that collectively we, in the space community, do a lousy job of letting people across America know why manned space exploration is important and worth the cost.I would like to see NASA and those members of Congress most supportive of the manned space program convincingly let the public know that the value is there, where the value comes from, and why it is there. But then, I have a long wish list for what I would like to see our government do, say, and explain regarding this and other issues. In my opinion, the manned space exploration program is absolutely worth the cost. But first, consider the following because understanding the following points is crucial to understanding what manned space exploration affords us in so many areas:1. The money spent on manned space exploration is spent right here on Earth and most of it is spent in the US. We do not yet have a Bank of the Milky Way, the First International Bank of Mars, or a Lunar Mutual Savings and Loan. The money that is spent g oes to manufacturing, research and development, salaries, benefits, insurance companies, doctors, teachers, scientists, students, blue- and white-collar workers, and corporations and businesses both large and small. The money disperses throughout the economy in the same ay as money spent on medical research, building houses, or any other activity we engage in with government or even private spending. |In general, I do think that collectively we, in the space | |community, do a lousy job of letting people across America know| |why manned space exploration is important and worth the cost. | 2. Whenever we look at government spending (or any spending for that matter), it is important that we understand what is being purchased and whether there is a value for that investment.We should also ask if the value benefits a narrow group of people or a special interest, or does it have the potential to benefit large groups, even humanity. Clearly, several types of public expenditures can be con sidered investments and they can benefit large groups of people and humanity. So I also look for qualitative factors, such as the ability to inspire others to do hard work, to go the next step, to push the envelope for the next level of advancements for all our benefit.I also look to see if the public expenditure can change lives for the better and, if so, over what period of time. There are several types of public expenditures that can do some of this, but manned space exploration is able to do it all. 3. The space age is 50 years old if we calculate using the launch of Sputnik as the beginning point. Manned flight began with Soviet cosmonaut Yuri Gagarin on April 12, 1961, thus manned spaceflight is almost 47 years old.A good portion of our space technology, development, and know-how was developed here on Earth when the two space powers of the time, the USSR and the US, were making treaties to work together in space, prohibit weapons in space, to rescue each other’s astrona uts/cosmonauts if necessary, and to treat celestial bodies in a way that prevented territorial ownership while allowing room for resource development for all mankind. Mankind worked together to prevent conflict in space and these efforts now have a proven and unparallel track record.Today, we have an International Space Station (ISS) with multiple countries working together for its completion, support, science, and management. The ISS Station Agreement is a model agreement that works and the two former Cold War enemies are working together to be the best we humans can be. This has always been the case with manned space exploration, as well as with all of space exploration. Did we have competition? Yes. Do we have conflict and tension? No . No other discipline, activity, venture, or multinational effort has a track record equal to manned space development.While there may be challenges ahead for our space behavior, so far we are doing fine in space, certainly much better with each oth er than we are doing back here on Earth. This is all fine, but how does this translate to manned space exploration being worth the cost to millions of taxpayers when there are other competing and important priorities for a finite amount of taxpayer money? Of course, we say that the entire NASA budget is less than 1% of the entire US budget, but I have found that saying that does not resonate with most people.Still, according to the GPO budget information, the US 2007 budget was about $2. 784 trillion and NASA got a little more than $16 billion. This means all of NASA’s spending is marginally more than half of 1% of the total US budget. In contrast, social programs receive about 98 times the amount of money spent on NASA. Another way of looking at this would be to understand that a 1% reduction in government social expenditures could just about double the NASA budget for any given year. When I started this piece, I said I hear this question a lot.So a few years ago, I decided to see what really happened to a public dollar spent on a good space program in comparison to spending that dollar on an entitlement program as well as a revenue-generating infrastructure program. I used the school breakfast program for the entitlement program. I chose Hoover Dam for the revenue generating infrastructure program. The space program I chose was the manned program to the Moon consisting of the Mercury, Gemini, and Apollo programs. Let me briefly summarize what I discovered.All of these programs or other similar programs, if properly managed, can produce benefits in excess to the original invested dollar. There is no guarantee that a program will be properly managed and this includes a space program. Properly managed implies many things, but I don’t think space is any more or less likely to be well managed than anything else the government does. Not all of our space programs made the short list, as I looked at several public space programs for this study before d eciding that our Moon program was the best. A mismanaged space program wastes money, talent, and time just like other programs the government does. I decided to see what really happened to a public dollar spent | |on a good space program in comparison to spending that dollar | |on an entitlement program as well as a revenue-generating | |infrastructure program. | What happened to the dollar invested in each of the respective programs? The school breakfast program was successful, increasing the number of kids getting breakfast. However, when funding for this program or this type of program stops, as soon as the last of the funds goes through the pipeline, the program is over. It has no life past government funding.There was no residual benefit lasting years after the demise of the program. I was unable to find an inspirational or motivational quality for the program leading to downstream business, economics, science, or other advancement and development. One could make the case that kids who benefited from the program went on through school to accomplish great things and I don’t doubt that. I simply could not document it in my research. Hoover Dam was very interesting. This project paid off its bond cost early, was a major contributor to our winning World War 2, and has been a huge economic factor for development in the western part of the country.It’s a major wealth builder for the United States. However, Hoover Dam requires overhead and maintenance investment on a continual basis. It needs repairs, updates, modernization, security, and it employs a labor force. Were we to stop investing in Hoover Dam, over time it would lose its effectiveness and cease to be the value to our nation that it is at this time and has been during its history. Its value to us depends on our willingness to maintain, protect, and update it as necessary.Hoover Dam and Lake Mead have given birth to thousands of private businesses, economic growth for the region, and much more. However, as with the entitlement program above, I could not find an inspirational or motivational aspect to Hoover Dam. I’ve not heard anyone say they wanted to be an engineer because of Hoover Dam. I’m sure this factor exists to one degree or another, but I could not document it either. What I discovered about our manned lunar program was different. When I did this study, it was 34 years after the last dime had been spent on Apollo, the last of the manned Moon programs.Thirty-four years later, when I would ask guests on The Space Show, students, and people I met who were involved in science, engineering, and space-related fields and businesses about what inspired or motivated them to start a space business or pursue their education, over 80% said they were inspired and motivated because of our having gone to the Moon. Businesses were started and are now meeting payrolls, paying taxes, and sustaining economic growth because the founder was inspired by the early d ays of the manned space program, often decades after the program ended!This type of inspiration and motivation seems unique to the manned space program and of late, to some of our robotic space missions. Interestingly, I found the same to be true when I asked the same question to Space Show guests from outside the United States. Thirty-four years after all funding had stopped for the Apollo program, investment and wealth building, both for our nation and others, was still going on as a result of our manned space exploration years earlier. This was a standout feature when comparing manned space exploration to other two types of government spending.As for the return we received on the dollars spent going to the Moon, the results are often controversial and inflated depending on the source. Some specific narrow segments such as medical and other technical fields have returns several hundred times the dollars invested. In fact, one bit of research I found said that the Office of Managem ent and Budget (OMB) had to refute some of very high returns because at the time they could not do the computer work to determine an effective multiplier with so many variables leading to such high outcomes.Overall, the return was probably more modest, perhaps four to seven dollars returned to the taxpayers for each dollar invested. This return outperformed the other investments as well, though in many ways my project was like trying to compare apples and oranges. However, I can accurately report that manned space exploration has the potential to return to the taxpayer many times the dollars initially spent on the program. Since we spend this money right here, employing our own people to do cutting-edge as well as traditional workforce projects, our people and our nation benefits from the manned space program.This means we build wealth for our nation and our people. Equally important, we inspire millions of school children to do the hard schoolwork in math, business, science, engine ering, and finance so they can work in space and related scientific and technical fields. This is important to us all as these disciplines are needed to lead us to new and better ways of living right here on Earth, now and in our future. Finally, we must not forget the spinoff technologies from our entire space program, but especially from manned exploration, and the fact that the manned space rogram continues to generate wealth and investment long after the program has ceased and its federal funding has been terminated. |It’s not just about what we learn out there in space, or about | |ourselves, or how to be a better steward of precious Earth. | |It’s about how we live here on Earth together and what type of | |future we want for ourselves and children. | We have our work cut out for us as we move forward in this new century. We don’t seem to get along well with each other here on Earth, but we do quite well in space.Space is our model for all nations. Notice how many more nations are talking about and wanting to get into the manned space act. India, Russia, China, Japan, and the European Space Agency, for starters, all want a manned mission to the Moon and it won’t stop there. These countries and agencies know that manned space exploration builds wealth for their nation, solves problems and enhances life for their people right here on Earth, and shows us the way for how we can all live together in peace.Manned space exploration is absolutely worth the investment. It’s not just about what we learn out there in space, or about ourselves, or how to be a better steward of precious Earth. It’s about how we live here on Earth together and what type of future we want for ourselves and children. Manned space exploration is the path to how we build a better life for ourselves here on Earth, and how we can give hope and provide inspiration for our youngsters to grow up, do the schoolwork, and accept the challenges that await them to make our world even better.Whatever we spend on manned space exploration is a bargain and our investment will be returned to us many times over, both quantitatively and qualitatively. From my perspective, we are getting this value at a bargain, as if we were all going to the dollar store for an end of the year sale. [pic] Dr. David Livingston ([email  protected] com) is host and founder of The Space Show, the only radio talk show dedicated to expanding space commerce, understanding the importance of becoming a spacefaring culture, and how best to achieve that status.The Space Show’s interviews with national and international space business, development, and science leaders are streamed online and podcasted. All programs are available for free download through The Space Show website. Dr. Livingston holds a Masters and Doctorate in Business Administration and has nearly 40 years of experience managing and starting various types of businesses. David is also a business, financial, and marketing consultant and holds a position as an adjunct professor in the Space Studies Department at the University of North Dakota.

Thursday, August 29, 2019

Balance Sheet and Income Statement Essay Example for Free

Balance Sheet and Income Statement Essay Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4, 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are not being met, the company will show where the company needs to cut back and where the company needs to improve. Conclusion National Plastic Co. s not doing well after a year. The company has less net fixed assets after a year. The company has borrowed less liability but the company has less revenue so with the changes it did not work in the favor for the company. AMERCO Inc. is still doing about the same after a year. The big thing is that the company is still able to bring in money with the economy at its worst. The company is able to run comfortable. Kout Food Group is doing about the same as the year before. No growth has happen and no lost has happen. Resaas Services Inc. has made the most growth in a year. In 2010 the total liabilities and equity was 0. 8% and in 2011 5. 67%. The company gained more than 5. 39%. Resaas is doing well. To look at all the different company’s income statements and balance sheets show that no two companies are the same. Some companies may do better than others may and some may not do well at all. It is important for all companies to make sure to have a financial statement. Reference BLOOMBERG L. P. (2012). Balance Sheet and Income Statement. (2018, Oct 26).

Wednesday, August 28, 2019

Financial Planning Research Paper Example | Topics and Well Written Essays - 1250 words

Financial Planning - Research Paper Example Financial Planning James Patterson wishes to retire by the age of 56. Nevertheless, if retirement at the age of 56 looked difficult he would consider cutting back to 4 days one year, then 3, and so on. The age pension would start from the time Mr. Patterson attains the age of 65. So it is imperative that Mr. Patterson makes proper arrangement for the financial needs arising during the big gap from the age of 56 to 65. Thus, his prime objective is to accumulate sufficient Retirement Income to fulfil all his responsibilities during that period in addition to fulfilling his personal interests. The interests of James Patterson after retirement comprise of travelling extensively, and attending summer school courses on aspects of ancient history particularly about Greece and Rome among others. He also wants to remain associated with Community Aid and one of his prime responsibilities is to look after his aged mother, and his nephew and nieces. The target retirement income that Mr. Patterson is looking forwar d to is equivalent to 60% of his pre-retirement income. The disposable income of James Patterson at present is $50567, 60% of which would be equivalent to $30340. Thus, the client would require an annual income of around $30340 following his retirement after about 5 years. He could continue to require an income of $30340 for at least the subsequent 9 years, until he attains the age of 65 and his age pension starts.... On the basis of the information provided by Mr. Patterson and the following discussions, his lifestyle objectives and goals were reviewed. The recommendations provided in this financial have been developed to help Mr. Patterson in accomplishing these objectives: Living Expenditure: Mr. James Patterson would like to afford for his living expenses of around $30,500 per year. Holidays: James Patterson would like to expend $5,000 on a travel holiday every year. Family: James Patterson has a large extended family comprising of his mother and five siblings. He intends to take care of her mother and also assist his nephews and nieces financially. Retirement: James Patterson would like to withdraw from full time work in 5 years time when he attains 56 years of age. He is willing to draw down on his capital with the purpose of accomplishing her retirement objectives. Identification of Issues and Problems The total cumulative value of capital and assets owned by James Patterson is equivalent t o $718,781. Assuming the life expectancy level of Mr. Patterson to be 80 years, he needs to arrange for the financial requirements of 25 years. It should be noted that the client intends to retire at 55. He would get some amount of assistance from the Age pension after he attains the age of 65. However, he needs to build a decent corpus of capital for his retirement plans. Mr. Patterson is single and does not have any direct responsibility of a family, but the downside is that he has to prepare for his old age finances on his own. The present level of savings will most likely not be adequate to build up the assets essential for Mr. Patterson to be able to preserve his preferred standard of living post retirement.

Tuesday, August 27, 2019

Annotated Bibliography and Thesis Example | Topics and Well Written Essays - 500 words

And Thesis - Annotated Bibliography Example The US government role in Vietnam was to offer the Vietnam government with much needed military help in order to enable it overcomes the guerrilla leaders who wanted to advance the communist agenda. In addition, the government wanted to create a country that was viable and one that upheld the democratic views. However, I think the role of US in Vietnam was one of its foreign strategies to cement its dominance in other parts of the world. The Vietnam War was used by US to test its military strength and response of the Soviet Union on matters of national interest. However, after the eruption of war, the US government was unable to withdraw on time as the opposition groups in Vietnam responded vigorously. With the marine being unfamiliar with the local terrain, they suffered heavy casualties. Nevertheless, retreating from this war would have encouraged the Soviet that the US is weakening militarily, an aspect that would have created more space for Soviet insurgence. I think the fear that the Soviet could gain ground in Vietnam made the United State intensify its military aid towards Vietnam. President John F. Kennedy believed that the US has a mandate of preventing the communist-led insurgencies from subverting and overthrowing the shaky new government of Vietnam. Therefore, it offered itself to help Vietnam establish its authority in the land through strengthening its financial and military position in the country. However, this did not auger well with the Diem who tried to seek help from communist countries in order to reduce US insurgence. This led to eruption of war that was sparked by ideological differences. Nevertheless, I think US was not well prepared to fight this war. Instead, its initial strategy is to play an outside role in stabilizing the Vietnam government. The Role of US in Vietnam was to reduce the influence of the Soviet Union in the land. In

Monday, August 26, 2019

Bowlby's Viewpoint Assignment Example | Topics and Well Written Essays - 250 words

Bowlby's Viewpoint - Assignment Example ent studies, the author attests that healthy, happy and independent young adults and adolescents are products of stable homes in which both parents give enough time and attention to the children. He continues to put that the child’s care giver needs a lot of assistance, from the other parent, though it normally comes from the grandmother in most societies. I totally agree with Bowlby’s way of parenting, because successful parenting is a key to the mental health of the next generation. A parent-child bond is not only healthy for the childs well-being, but an essential part of what it means to be human. Attachment theory teaches three main attachment patterns; secure, avoidant and ambivalent, which are behaviors that continue into adulthood. While they explore the world, securely attached children are confident, since they used the parent as a secure base. Bowlbys work also showed that the early interactions between infant and caregiver have a significant impact on an infants social, emotional, and intellectual growth (Bowlby 1907-1990). On the other hand, an insecurely attached child is unhappy and not confident enough to explore the world. Consider a child brought up by a single mother, who is always busy and overwhelmed by activities, and has less time to spend with the child, the child obviously grows up unattached to the parents and feeling insecure at the same time. The provision of access to the parent’s body is a fundamental feature in developing secure attachment. Dependency, the child’s tie to the mother, has the effect of keeping the child in more proximity to its mother-figure. For example, attachment behavior of a child is activated mostly by pain, fatigue, fright, and the mother’s inaccessibility. Bowlby cited the description of Klaus, Trause and Kennelle (1975), on how a mother picks up and begins to stroke the baby’s face with her little finger immediately after its birth. At this time, the baby quietness and when put to her breasts, it

Econometrics Literature review Example | Topics and Well Written Essays - 1250 words

Econometrics - Literature review Example gh ROA are sure that the same success will transform into a better market price for its stock as fundamental profitability exploration is a true indication of a firm’s performance. Similarly, it has been comparatively challenging to identify the exact value of a firm since stocks are subjected to speculative swings. Noteworthy, there has been an increased prominence and concentration on the dingy outlook for social security and personal retirement plans, factors that make it exceedingly important for people to comprehend the factors that drive a company’s profitability to enable them make sound investment decisions. Apparently, considering the dynamism that is prominent in the corporate world, it becomes imperative that even managers and investors gain a candid understanding of how the various activities that a firm engages in affects its profitability and how that affect its dividends pay-out, performance in the industry and how its projection on sales and other long-term assets and liabilities is affected. This study will investigate the effects of factors such as the sector the firm is classified in, capital expenditures, debt-to-equity ratios, sales and R&D (research and development) expenditures on a firm’s ROA. To gauge the importance of these factors, I will conduct a multivariate regression analysis of the presented data. However, prior and the analysis and setting up of a model that describes the effects of the factors, a comprehensive literature review regarding the aforementioned factors is inevitable. McLaney & Peter evaluate the dependability, uses and elements of market-value and accounting measures of profitability. Apparently, they find that variations between market-value and accounting measures of profitability connote the cogency of cautionary remarks regarding the use of accounting data (McLaney & Peter 122). Additionally, there exists an important explanatory role for industry growth, leverage, TV advertising and R&D intensity as

Sunday, August 25, 2019

Public Utilities Essay Example | Topics and Well Written Essays - 2250 words

Public Utilities - Essay Example Regulatory commissions must them establish the measure of value for each of these items; these value determinations are made, not found, rendering the overall value relatively unknown. In a competitive market, value is determined by normal market processes such as supply and demand. However, in the case of regulated industries, earnings are dependant upon the rates established by the regulatory commissions-if rates are set low, the value is consequently low, and the same results from rates that are set high. Time variant rates might occur when the public being served fluctuates in their demands of the public utility. For example, residents living in the northern states will go through periods within the year where they will need more heat, creating a demand for electricity and gas power and services. These times, referred to as "peak times," can cause temporary fluctuations in the rates to ensure proper distribution of the appropriate services. Similarly, phone and Internet companies can see the same fluctuating demands at various times in the day as changes in shifts occur at work or school for the public. As people are relieved from their jobs, they might see the need to begin using the phone to contact family members, set appointments, or call other places of business for problems or clarification of services and bills. These time variant rates can often lead to drastic increases or decreases in rates for a short period, and can also add to the public's opinion of how necessary the s ervices might be. For example, several phone companies across the United States offer a standing rate for service; however, the rates on Sundays for long distance service might decrease drastically to provide consumers with an opportunity to contact family members that live out of state. The development of cell phone technology has further dropped the rates for long distance phone service. However, to continually regulate the rates at which the public utility companies are charging the public, regulatory commissions at the public, state, and federal levels are necessary for several reasons. The first step to successfully regulating industries categorized as public utilities is making sure the public within the communities realize the economic advantages of holding regulated monopolies rather than competitive businesses. After the need for regulations have been expressed, the agencies provided these responsibilities must ensure that they are regulating the industries to the best of their abilities; doing so will not only provide necessary services to the public, but will also offer large economic growth to the community. (Phillips 9). To regulate effectively, state and federal regulation commissions must pay close attention to the methods with which they are regulating their respective areas of industry. They must carefully watch the overall expenditures of the industry to ensure that they are within acceptable limits. Performance evaluations should be used to ensure the overall effectiveness of employees working in the public utility industry. Regulating price control by maintaining knowledge over the current markets being served and the overall cost of

Saturday, August 24, 2019

Real life research 6.1 Coursework Example | Topics and Well Written Essays - 250 words

Real life research 6.1 - Coursework Example If telephone survey only was conducted, it would have taken more time and it would be more costly. There might also be biases from both the interviewer and interviewee. Also, some respondents might just hang up if you call them at a wrong time. 2. Could this survey have been performed by an open internet panel since everyone shops for groceries? Why or why not. No, I think that this survey could not have been performed in an open internet panel because your respondents might not be representative of the population you want to survey. Furthermore, your sample will only be limited to those who have internet access. There is also greater likelihood of â€Å"glitches† when it comes to computers. Moreover, even if you have a greater response rate, you do not really know who answered the survey. 3. How might Kroger, Safeway, or Wal-Mart have used this data? Kroeger, Safeway of Wal-Mart will find these data very useful. In the first survey where the respondents were asked what they w ould prefer, discount on specific products during each store visit or an accumulation of points for larger rewards at store, it was revealed that adults, both blue and white-collar, prefer to get discounts during each store visit. This means that Kroeger, Safeway or Wal-Mart, should offer more in-store discounts to encourage consumers to shop at their stores.

Friday, August 23, 2019

To what extent is development a political process versus a technical Essay

To what extent is development a political process versus a technical or economic one - Essay Example The evaluation of the developmental process and the aspect of economic contribution in the social change shall be studied within the context of the role of the United Nations in measuring human development. Defining Development: Before understanding the nature of the human developmental aspects such as economics and politics, it is significant to note the actual definition of development. The definition of human development introduces the debate with the help of different terms. As per the definition of development published by the United Nations, report states that development is a process to enable an environment for nation where they can live long, healthy and creative lives (Frey and Monroe, 1983). The definition allows better understanding of the fact that people can live happily if they are provided with the basic necessity. It should be noted that a human cannot live without making enough earning that will allow him to gain better lifestyle for himself and family. So this note s that the social change within a society can be brought to allow equal opportunity among members of society (Szirmai, 2005). Development among different societies is undertaken in order to provide better income rates to the members so that they are able to select the best for their lives (Rowe, 2009). The political and economic development that has gained a great deal of focus of researchers is now debated because of the political aspects (Willis, 2005). In other words, it could be said that development is a process which needs governmental authorities and economists to work together to bring better changes. The main purpose of the economic activities and cross-borders business ventures is to allow countries to develop and maximize profits (Lewis and Kallab, 1986). This profit making natures of business world allows developing countries to fight against inequality and increasing measures of poverty. As evident from the definition of development, inequality can be reduced if in case poverty’s overall measure within a society is reduced by large (Desai and Potter, 2008). The above noted relationship map of the economical and political development can also be understood in the context of poverty. The measure that most of the politicians set up would be the increased economical opportunities for the poor people. The effective strategic planning is done by politicians to ensure that the measure of inequality is reduced by large. This can be indirectly related to the economical efficiency of the society (Sen, 1999). The central idea of the development is that different institutions of a society provide quickened form of human development. It should be noted that politics and economics are two very important institutions of a society (Desai and Potter, 2008). The functions performed by different institutions of the society are able to make better changes when they are indirectly connected to each other. The need of the hour is to determine the extent to which the development process underlines the elements of political institutions or economical politician. In other words, it can be said that politicians and economists need to understand as to what aspects can surely bring a better and quick paced human development (Escobar, 1995). The political policy framework can allow business authorities to undergo deals and ventures providing majority of people to get better jobs and become stable in their daily

Thursday, August 22, 2019

Frustrations Essay Example for Free

Frustrations Essay Bo Bennett once said that, â€Å"Frustration, although quite painful at times, is a very positive and essential part of success. † Yes, indeed frustration is painful and essential. In the growing stage as teens, it is inevitable that they face frustrations. What are some of these frustrations faced by teens? I think that the meeting of people’s expectations and peer pressure are some of the many frustrations the teens will face in their growing stage. One of the frustrations a teen has is the meeting of people’s expectations, especially their parents’ expectations. Research has indicated that the majority of parents expect their children to graduate from high school and complete some post secondary education. 92% of parents in 2010 believe that their child would go to university with 23% having children who did not succeed in getting into a university. 92% is an extremely big percentage. This shows that in 10 parents, 9 expect and hope that their child would go to university. This implies that majority of the teens face expectations from their parents. 7% of the teens make the cut and are able to make it to university. This means that about 4 in 5 teens have more expectations to meet. Therefore, in the society, many teens face expectations from their parents. One of the many other frustrations teens undergo is peer pressure. Teens are constantly worried about their peers’ opinions of them, hence in order to try and fit in, they may do things that make them feel uncomfortable. This may cause them to feel the frustrated and stressed while doing these actions to fit in. They are impressionable and jump the bandwagon. They may do what everyone else are doing but not actually knowing the ultimate reason of doing so. Results show that 75% of youth, tested in a survey done on teenagers, are influenced by peer pressure. From this results, we can see that majority of the teenagers are susceptible to peer pressure. In order to be popular, the 3 in 4 teens will be pressured to do what their peers’ tell them to do instead of doing what they think is right.

Wednesday, August 21, 2019

The dissolution of empire has been critical to the growth of world cities Essay Example for Free

The dissolution of empire has been critical to the growth of world cities Essay King (1990, page x) argues that the dissolution of empire has been critical to the growth of world cities. How far does this apply to London? Modern patterns of development and growth have been shaped and influenced by the historical context of colonialism. Within this context relationships between capitalist and pre-capitalist states or colonies helped forge a world economy, which would later lead to processes of globalisation and the current economic world order. Expansion in the world economy has been exacerbated by the freer flow of labour, goods, services and capital, which are features of the post-war, post-colonial world. King contends that these factors have been critical to the growth of world cities. (King, 1990: x) Urbanisation in many post-colonial states has been rapid, supported by trade with a greater number of nations compared with that of the colonial period. Indeed, many colonial nations have now followed their own paths of industrialisation, instead of relying primarily on their export of natural resources such as timber; their economies are becoming more diverse and are now linked within a global network of trade and commerce that is enabling them to develop significantly. Existing at the heart of these states are primary cities, the administrative and economic centres for their new global roles. World cities can be defined by their size, population and area; they are usually the economic hub of the country in which they are seats of power and dominate in the cultural arena with their iconic architectural distinctiveness and the importance of their historical roles. World cities lie at the junction between the world economy and the territorial national state. (Friedmann and Wolff, 1982) The city of London fills these criteria perfectly, its former position as the centre of the British Empire made London the imperial metropolis of the world. H.G Wells described his impression of imperial London: Its a great place. Immense. The richest town in the world, the biggest port, the greatest manufacturing town, the imperial city the centre of civilisation, the heart of the world. (Wells H.G, 1908:73) In this essay I will be discussing the significance of Kings argument with reference to the city of London. Imperial London will be introduced followed by a discussion of Londons decline and its patterns of modern growth in order to ascertain how far Kings argument applies to the City. Different types of growth are included, but emphasis is largely placed on the geographical and economic dimensions of Londons change and development. Londons imperial role was crucial to the expansion of its fortunes. Growth was inextricably linked with the colonial empire and took place in several key areas during the colonial interlude. Londons Docklands represented a melting pot of colonial trade and commerce and were a critical facet of Londons (and Great Britains) economy that fed aspects of growth into the city centre and enabled it to thrive. In 1700 London handled 80% of the countrys imports and 69% of its exports. Trade with colonies in the Caribbean, Southeast Asia and the Indian Sub-Continent brought in tea, china, rice, tobacco and spices to the City and in 1799 the West India Company began to build docks on the Isle of Dogs for over 600 ships. The importance of Londons Docklands lies in their influential role as conduit of wealth to the City and their symbolic nature as gateways to the empire from its thriving commercial centre. Trade flourished, and London became a market-driven commercial and financial hub for world trade. Manufacturers established themselves in the city centre and markets developed around them supported by a growing number of banks. The city centre, therefore, was a series of markets and had few residential zones; warehouses formed a prominent part of the landscape. Imperial London also witnessed the growth of a market in stocks and shares located at the London Stock Exchange, and the establishment of large insurance companies such as Lloyds of London. Londons rising financial sector was represented by the Bank of England, which issued loans to new colonies whilst giving security to the blossoming economy of Great Britain. The Citys role as a cultural centre was represented by huge investment in museums and theatres and its dominant global position was expressed through monuments depicting colonial glories and exhibitions showcasing British power. Whilst there was growth of commerce alongside growth of the Citys financial sector, trends later developed in the form of rapid suburban growth aided by improved infrastructure in and around London. The London County Council (LCC) took on numerous housing projects peaking at 16,000 units that gradually expanded outwards form the City and were facilitated by improvements in communications, a tramway system and the electrification of the railways. As the new century dawned, Londons position at the hub of the worlds largest empire gave work to half a million in the docks and in import-related occupations.London continued to grow; between 1911 and 1939 its population increased from 7.25 to 8.73 million entirely in the outer ring beyond the LCC boundaries. (Porter, 1994:32) Urbanisation during this period was undoubtedly fed by the provisions created by empire, manifested in a country with a confident and specialised role in the world economy. In this system, London occupied the nodal point of a colonial urban system in which the economies of the metropolis and of such distant cities as Calcutta or Sydney and their respective hinterlands complemented one another and were heavily interdependent. (Sheppard, 1998:313) The testing of imperial Londons power by two world wars and the following dissolution of empire were to dramatically change the face of the City. These influences forced upon London the devastating effects of The Blitz and the processes of relinquishing power to the colonised nations, which had for so long been the source of Londons wealth. Inevitably Londons power began to decline and it was challenged with finding new ways to rebuild and to grow. [London] was sustained by surplus extracted from the colonial economy. With the demise of the colonial power, it lacked the economic base to meet the social costs it generated. [This resulted in] problems of housing, a shortage of economic resourcesand a lack of the institutional infrastructure to deal with social, administrative and political needs. (King, 1990:45) Disappearance of hegemonic power systems took place, and the nation-state grew in significance as a unit of analysis. Within these nation states the seats of power were able to control their own destinies and determine growth within their own political boundaries; this growth was facilitated by the freer flow of goods and capital through the nation states principal cities. The dissolution of empire and the effects of the Second World War led to a dramatic shift in the nature of Londons economy which ultimately affected its growth. The collapse of the manufacturing industries is a case in point, and from the mid-1950s people began to suffer job losses in this area. Between 1971 and 1975 19 per cent of manufacturing jobs disappearedbetween 1978 and 1981 some 98,700 jobs in manufacturing and production were lost. (Coupland, 1992:26-27) Commerce also declined in central London and as unemployment rose a deprived inner city began to emerge. Londons problems were exacerbated not only by the housing problems caused by wartime damage, but by the closure of the docks, which had survived the war but could not survive the break-up of empire. The Empirehad long ensured Londons position as the worlds premier port [.] Independence, however, loosened old trading ties; no longer was trade automatically routed through London, and new nations created trading preferences of their own, selling direct to America, Germany and Japan. During the 1960s Commonwealth trade was halved, and London shrank as an entrepot. (Porter, 1994, 348) The closure of this critical dimension of Londons power represented symbolic as well as industrial and demographic decline. Moreover, while disintegration of manufacturing in London can be attributed to varying factors such as economic recession, the closure of the Docks are inextricably linked to the dissolution of the British Empire. The closure also affected activities linked to the Docklands: transport, warehousing and food processing industries and systems were damaged and the Citys economic woes took shape in the form of rapid demographic change. As people moved outward from Greater London the population began to decrease, from 8,600,000 in 1939 to 6,300,000 in 1991, a trend which continues today. The unemployment rate in the industrial areas of inner-London rose to 14 per cent in 1981, while a new trend of mass immigration from the Commonwealth changed the ethnic composition of Londons population and reflected Londons increasing diversity. The dynamics of Londons decline began to influence new processes of growth, both physical and economic. The new industries that grew up in London were connected to its role as an information city and there was an escalation in the significance of the cultural production sector. Tourism became a major source of income for London. Systems of land-use planning began to determine Londons physical growth, with the establishment of the Green Belt designed to fix an area of permanent countryside around the city in a policy to shift 1,033,000 Londoners and workplaces beyond its boundaries. This policy may have hindered urban sprawl, but it has also led to new types of growth in the form of an Outer Ring, as towns on Londons periphery have had to adapt and grow due to the population exodus from Greater London. Altogether, this Outer Ring added nearly one million to [Londons] population in the decade 1951-61, representing two-fifths of the net growth of the British population. (Hall, 1977:24) The growth of the Outer Ring coincided with various strategies by the LCC including the development of tower-block estates, a move that would later lead to rising social problems in the areas in which they were built. There continued to be a rise in office space in the inner city, as Londons financial sector remained strong alongside an influx of the middle classes into inner-suburb precincts. Consequently improvements in housing took hold mainly in areas such as Notting Hill, Paddington and Mile End. The 1960s were witness to the increased significance of London as a cultural centre and the City became an international heart of fashion, music and design. [T]he City grew impressively from the 1960s, thanks to a combination of accident, expertise, language and geography. (Porter, 1994:374) Redevelopment of London began with the comprehensive reconstruction of Tower Hamlets and in more recent times with the controversial redevelopment of the Docklands. The scale of redevelopment of the Docklands is characterised by the construction of Great Britains tallest building: Canary Wharf. The area creates office space for 40,000 to 60,000 workers and symbolises the emergence of a new and modern London, one that is predominantly concerned with business and finance, and one that continues to exude success due to these sectors. From this discussion we can clearly see the importance of Londons imperial status in relation to its growth. Dissolution of empire has indeed been critical to the growth of world cities as they have become more freely exposed to the processes of globalisation and have had greater control of their position in the world economy. This contention can be exemplified by the current position of world cities, such as New York and Singapore in the economic world order and the growth of former colonys capitals as they engage in directing their own futures, levels of trade and spatial organisation. London, however, is an exceptional case. As an imperial city it was largely dependent on its colonial territories for sustaining its own growth and power. Whereas eighty or ninety years ago, London was at the core of the world system, a generator of powerful economic, political and cultural forces pushing out to the periphery, today it increasingly contends with equally powerful economic, political, and cultural forces pressing in from outside.'(King, 1990:73) This change has increased the vulnerability of Londons economy. All other world cities havehad to adapt to the internationalization of the world economy Paris and New York, for instance; but what distinguishes London is the degree of its former imperial dominance, and the extent to which internationalization has brought foreign ownership, and hence dependence. (Sheppard, 1998:359) Modern London now has to compete with other primary cities which have not had to undergo such a dramatic transition in their character and global position. Significant redevelopment has taken place in recent years and London continues to exemplify the world city. Its prominent role in Europe, its historical importance, imposing architecture, economic wealth and position as seat of power all contribute to make London one of the major cities of the world. The importance of dissolution of empire to many world cities is demonstrated by the increased flow of capital, labour, goods and services which have enabled them to grow. Imperial London already contained these processes which were fundamentally linked with its dominant global role, it is therefore, increasingly dependent and vulnerable within the new world economic order. However, the disintegration of its imperial role has not been completely negative to Londons growth, the City has just had to find time and method to help adapt and reposition itself within a new global system. Within this system London has now found a specific function as a global centre for banking and financial trading, which increasingly determine its international role and its patterns of modern growth. Bibliography. Coupland, Andy: Every Job an Office Job. And Docklands: Dream or Disaster? In Thornley, Andy (ed) (1992) The Crisis of London. Routledge. Friedmann, J and Wolff, G. (1982) World City formation: an agenda for research and action., International Journal of Urban and Regional Research: 6. Hall, P (1977 2nd edition) The World Cities. Weidenfield and Nicholson, London. Ch 2. King, AD (1990) Global Cities: Post-Imperialism and the Internationalization of London. Routledge. Porter, Roy (1994) London: A Social History. Penguin, London. Shappard, Francis (1998) London: A History. Oxford University Press, Oxford. Wells, H.G. (1908) Tono-Bungay. London: Oldhams Press.

Tuesday, August 20, 2019

Leisure Activities Among Young Generation Marketing Essay

Leisure Activities Among Young Generation Marketing Essay What is mobilecasting? According to the research that because of the speed of internet, mobilecasting comes to satisfy public instead of podcasting and it is the combination of podcasting and mobile phone (Marriott, 2006). More and more people using their mobile phone as a video player, and mobilecasting is a media that can transfer podcast file to mobile phone (Pros and cons, 2007). Podcasting is a way that people can listen to music or watch video by using internet (podium tell your,). As we know that YouTube is an example of mobilecasting (Lewin, 2008). Started from year 2008, people can watch tens of millions video by using their mobile phone (Lewin, 2008). Indeed, mobilecasting is just a function of mobile phone and the mobile phone cannot survive without this function. Leisure activities can be the activities that people doing during their free time, this is not such thing like housework or sleep, but as a reason for relaxing, growth or compete (Definitions of leisure,,). This may include reading, sports and gaming with friends. And also leisure activities may not take the time while working or educating (Definitions of leisure,,). Leisure activities may be a central to communicate with people; it can make people to be a part of social life (Coyle, Ph, Shank Ed). Leisure activities also can be a way to make people being healthy. As a young generation I think that, mobilecasting is already mixed in our daily life. In this time, almost everyone will have internet on mobile, once it connects then we are already using mobilecasting. Its like the notification from Facebook or daily news on mobile phone. What young generation usually use is Facebook chatting, Twitter or YouTube. Leisure activities for us are more like a reason to gather together with friends. Even thought have some kinds of activities can done alone, but its also a chance to go outdoor and have a look with outside views. At the same time, doing leisure activities is the time for us to keep away from internet and enjoy the life. But most of us would prefer hanging out or reading instead of doing sports. From old time until now, mobile phone has successfully transferred from a phone to a device (Ivanovic, 2011). The first mobile phone in this world weight 2kg and the life of battery only can handle 20 minutes(Dialing for development:, 2010). By the time passed, mobile phone has also improved. From the radio system started using in mobile phone, and mobile radiophone service came in, till the wireless in mobile, more and more devices can be used in mobile phone (Lenhart, Ling, Campbell Purcell, 2010). At the first time, the uses of mobile phone are for people easy to communicate with, but it seems like mobile phones are getting harder and harder to use (History of cell,). Mobile phones have developed from a phone to a device. What a mobile phone can do now is not only text message or have a call, but also has internet, radio and 25 channels in a phone (History of cell,). As what Ivanovic (2011) reported, the early device of mobile phone is wirelessly and only support few conversation s, but now the mobile device system is using highly control system. A mobile phone is a gateway, and oftentimes the only means to knowledge, entertainment and communications for people in emerging markets. They have become vital to the lives and businesses of the people that use them.  Said by Nokia. Different young people have the different interests, and also different generation are playing the different games. But what most of young people will do is like hanging out with friends, joining any parties, playing computer games or some network socializing (Raising Children Network, 2011). There has a research among young people in Canada during 1980s, and it shows one and half 65% of them spending their leisure time to do physical activities and 30% of them will use their leisure time to take a lesson (A look at, 1988). In year 2011, young people in the age 15 to 19 will only spend 1.7 hours of their leisure time at outdoor activities, and most of time they are doing activities by using media (American time use, 2012). By the developing of technology, young people spend more time in media than activities, such as listen to music on iPod or communicate with friends on the facebook (Rahim, Kadir, Azmizah, Helma Chang, 2011). In Malaysia, their have a group of jounalist did a resea rch in Kuala Lumpur among youth about their leisure time using. The research shows that people spend most their leisure time on using internet, young people shoulf have a lot of energy in participate sports but they didnt. At the same time, most of them non-participated in active time are because of the internet media. Compares to those western countries, the youth in Malaysia spend less leisure time on activities, only 4 to 5 hours they spend on leisure activities, but the youth in North America spend up to 8 hours in leisure activities (Rahim et al., 2011). Statement of the Research Problem By the time that more and more youth get their mobile phone, the usage of mobilecasting is increasing. According to the survey which is done by a toy company Leapfrog, two third of children now own a mobile device (Barnett, 2012). At the same time, there are some problems with youth to use mobilecasting. Mobile phone is like drug and alcohol; it can influence childrens brain and make them cant stop playing it (Ann Louise Gittleman). There have two children were using mobile phone up to 6 hours a day, this cause mobile phone addiction so that the parents send them to mental health clinic (Tibbetts, 2008). Their even have some young teens risk for their mobile phone, they would even hurt themselves but not let the phone getting hurt. They treat the mobile phones as their beloved, which we can find how important the mobile phone is (Belkin, 2012). As children spend too much time on mobile device, its not only cause addiction, but also influence the healthy and study (Bond). According to the research done by Lenhart et al. (2010), mobile phone users have limited face to face communication time with their families. Around 70% of teens like to text friends instead of face to face communicate, what they think is they can socialize and improve friendship with friends by texting (Lenhart et al., 2010). We can find a very common scene in our daily life, which is a group of friend sitting together have a meal but without taking. How do they communicate? By using mobile phone. Young generations leisure activity time is getting influenced by the usage of mobile phone (Physical and social, 2011). BBC NEWS (2009) has reported that children only need 1 hour spend on exercise in daily life, but they dont even do it. So, how will mobilecasting influence young generations life in further time? Purpose of Research Uses and gratifications approach which suggests that adoption behaviour results from the formation of specific intention which under volitional control that is produced by beliefs, attitudes and intentions towards behaviour. In this study, correlation between mobilecasting usage and leisure activities among young generation will be tested based on personal factor (personal preferences) and subjective norm (social influence). This lays the groundwork for understanding the adoption of uses and gratifications of mobilecasting usage among young generation. A quantitative survey research using questionnaires method will be conducted by developing closed-ended questions to determine the frequency and percentage of respondents feedbacks. Sample size for this research is N=200 which consists of teenager age ranging from 15 to 25 with tertiary education located in Klang Valley. This study may yield new insights into studying young generations behaviour and interests toward the usage of mobile casting and leisure activities which is regarded as part of a new emerging trendy medium in website industry.  Ã‚   Research Objectives The objective of this research is among young generation. By the developing of technology, people cannot live without media, and mobile phones become a part of our life. At the same time, there are many problems with young people using mobilecasting. While the increasing of mobilecasting usage, the hours of leisure activities will be decreased. Specifically the research objectives are as below: To determine the relationship in between the motivation of mobilecasting usage and the mobilecasting usage pattern among young generation. To examine the relationship in between mobilecasting usage pattern and leisure activities among young generation. To examine the relationship in between the mobilecasting usage pattern and the uses of mobilecasting among young generation. To determine the relationship in between the uses of mobilecasting and the gratification of mobilecasting usage among young generation. Significance of the Study In this project, we can find that all these researches are related. During the research, there have many key words like mobilecasting, mobile phone or mobile device, and we can find there have some same point within these three words. There are also kinds of point like ones increasing the other one will be decreasing, such as the usage of mobilecasting and leisure activitiy time. We also complete the research step by step, only after we get ones information, then we can start doing the followed one. This research is also a contribution to the study of communication and social science. We can find that how young generation communication with each other and why do they being like this way. We can also getting to know the influences of media in our life. The development of mobile phone is also a big issue of how mobile phone getting into our daily life. Student can get this information to use as example in their study. The significance of this research for industry is getting to know what do the young generation need. Since young people are so much different from old time, so that for industries they can have the improvement of new product and new strategies. Like technologic company can come out with the updated phone model, and for those outdoor activity business will know how to come out with new idea. Government through this research should know that the problem with the young people and can control the bad influence by their power. Young generation should be active and full of energy, but not like what the research shows spend their leisure time on mobile devices. They should control the selling point of those mobile devices. For parents also can learn a lot from the study. The research shows the disadvantages of children use mobile phone, and by this time they can start to control the damage caused mobilecasting. Young generation themselves also be known that the damage of using too much mobile devices. They should know how important the social life is, and also the importance of doing outdoor activities.

Monday, August 19, 2019

Eating Disorders Essay -- Health, Diseases, Anorexia Nervosa, Binge Ea

Introduction Eating disorders are psychological problems marked by an obsession with food and weight. There are four general categories of eating disorders these are; Anorexia nervosa, Binge eating and Bulimia nervosa. However this disorder affects individuals of various age groups; it has become more popular among teenagers these days. For the purpose of this research plan the writer will focus on age group of ages 15 to 19 because teenagers most vulnerable to eating disorders fall into this age group. Moreover, in doing so it will also be possible to determine the significance of this research and apply it to today’s lifestyle. Anorexia is a medical condition in which youngsters, mainly during the onset of puberty, begin to starve themselves thinking they are overweight, even though they are not. They remain under this illusion and as a result of being cautious they become extremely thin, bordering on ill health or sometimes death. Eating disorder in teenagers has become an area of con cern as it is a disease which is affecting the youth of today’s society. The purpose of this research is to identify the main cause of eating disorder in teenagers and help the young generation as they play a vital role for tomorrow’s future. Literature review Causes of anorexia The causes of anorexia are complex and no single factor has been identified. The actual cause of these disorder appear to result from many factors, including those that are genetic, media leading disorders, parental behaviours, psychological factors and negative family influence. Anorexia Nervosa Parentlink (2008) describes anorexia as a disease where the individual person starves himself/herself even though he/she is hungry and is seen to be very thin. Furt... ...d happy life themselves. If taken care of for instance proper care from the family, teenagers are less likely to suffer from the eating disorders. This then means parents can control teenagers eating habits with maximum supervision. Since family lifestyle tends to affect teenagers eating habits. In recent studies by Fornari and Dancyger (2003) notes that family whereby parents are overly controlling, a teenager tends to put on a lot of emphasis on looks, diet them or criticizes their body appearance can cause anorexia. In this case it’s the family’s duty to provide support and care to the general development of the teenagers for a better future. Yoon et al. (2005) argued that families, friends, and dating partners play a role in the development of anorexia and other eating disorders by the generation and transmission of different messages about the thin-ideal.

Trust in Emersons Self-Reliance :: Self Reliance Essays

Trust yourself, your intuition, and your nature. According to Emerson's Self-Reliance, these qualities are essential to contentment and harmony with one's self. Self-reliance is an appeal to the individual to obey his instincts and to challenge tradition and conventional wisdom. According to Emerson, those who are truly self-reliant have the ability to mark their place in history as great and genuinely creative men. Emerson urges the reader to live by his instinct and listen to his intuition, "Trust thyself: every heart vibrates to that iron string." Don’t fear your original thoughts, trust them and live accordingly. Great men and artists appeal to us because of their creative nature, "In every work of genius we recognize our own rejected thoughts." If we don’t live according to our nature we are not men. Be bold and brave about your convictions, "And we are now men, and must accept in the highest mind the same transcendent destiny; and not pinched into a corner, not cowards fleeing before a revolution, but redeemers and benefactors, pious aspirants to be noble clay plastic under the Almighty effort, let us advance and advance on Chaos and the Dark." Recognize your nature whether it be good or bad, "No law can be sacred to me but that of my nature." Emerson instructs the reader to avoid the common pitfalls that tend to hinder man's virtue. Emerson identifies consistency as being an enemy of the creative thinker, "A foolish consistency is the hobgoblin of little minds", "With consistency a great soul has simply nothing to do". Emerson isn’t implying that we live erratically but that we should be introspective about our positions and ideals. We should not hold the same position simply because it is the one we have always taken. We shouldn’t be preoccupied with the impression we leave on others, "What I must do, is all that concerns me, not what the people think." According to Emerson, our inconsistency should be our testimony. Your inconsistent actions will explain to others what you are, "The voyage of the best ship is a zigzag line of a hundred tacks." Emerson also points out man's fear of being misunderstood. We often fail to present or discuss our original thoughts and ideas in fear of being misunderstood. Emerson asks, so what? Weren't all great innovators misunderstood? Emerson says: "Misunderstood! It is a right fools word. Is it so bad then to be misunderstood?

Sunday, August 18, 2019

Aerodynamics of Golf Balls :: physics sport sports golf

Introduction to Aerodynamics Aerodynamics is the study of the motion of fluids in the gas state and bodies in motion relative to the fluid/air. In other words the study of aerodynamics is the study of fluid dynamics specifically relating to air or the gas state of matter. When an object travels through fluid/air there are two types of flow characteristics that happen, laminar and turbulent. Laminar flow is a smooth steady flow over a smooth surface and it has little disturbance. Intuition would lead to the belief that this type of air flow would be desirable. It would make sense to assume that this smooth undisturbed air would create the least amount of resistive force due to friction. The golf ball seemingly defies this theory by traveling farther with its disruptive surface texture that creates the second flow characteristic, turbulent flow. Turbulent flow is flow that is disturbed and creates whirlpool like features. The turbulent air actually lessens the difference in velocity of the air layer that is extremely close to the ball compared to the rest of the air and so lessens the friction acting on the ball. Drag is a major contributor to how an object travels through fluid/air. Drag is caused by the disrupted air immediately behind an object moving through fluid/air. It acts perpendicular to and in the opposite direction of travel of the object and impedes the motion of the object. It would make sense that if the drag is minimized the object will travel farther. Lift or curve in the motion of an object through air is a phenomena that is noticeable in a ball traveling through fluid/air. This change in direction is due to the effect that spin has on the object in motion. This can be explained by Bernoulli's Principle. Bernoulli, a 1700's physicist and mathematician, showed that the speed of an object through liquid/air changes the pressure of the air. The velocity of a spinning ball relative to the air is different from one side to the other creating a low pressure on one side and a high pressure on the other. This causes the ball to move in the direction of the lower pressure. The golf ball is typically hit with an undercut causing a reverse rotation and therefore a lifting action on the ball. The History of Golf Balls The golf ball has changed dramatically through the years. Smooth hardwood balls were used between the 1400 and 1700's.

Saturday, August 17, 2019

Adavantages of Management Accounting Information

Advantages of management accounting information The provision of management accounting information are for the intention of planning, control and decision making which may contribute to the success of an organization. Management accounting is the process of gathering information about economic activity that will be advantageous for the organization.For the planning of an organization, the manager can use the historical, present and future information obtained from management accounting which based on the organization’s situation and position in predicting organization’s future needs, setting clearer objective and implementing specific strategies that can bring achievement to the organization. After interpreting relevant management accounting information provided, it will be more efficient for the organization to apply and realize their planning and objective that had been set earlier.For the planning of an organization, the manager can use the historical, present and fu ture information obtained from management accounting which based on the organization’s situation and position in predicting organization’s future needs, setting clearer objective and implementing specific strategies that can bring achievement to the organization. After interpreting relevant management accounting information provided, it will be more efficient for the organization to apply and realize their planning and objective that had been set earlier.Management accounting able to assists the manager in controlling organization’s cash flow and improve financial stability which included the costs and business operational expenses. With the management accounting information obtained, the manager is able to review the cost of economic resources and other business operations. Therefore, the manager is clearer and familiar with the estimation of cost needed to run the business. Manager can analyze the quality of economic resources consumed in producing goods by us ing the management accounting information.As an example, if the overall quality of product would not be affected significantly by replacing with cheaper raw material, the manager can change towards a reduction of production costs. Budgeting is considered as major part of management accounting. To create an effective financial plan with lower operational expenses, manager able to analyze necessary and unnecessary business expenses based on the budget plan obtained from management accounting information in the pathway of saving money for the organization. In ontrast, there is also some limitation of management accounting information which based on financial and cost accounting. The interpretation of financial information usually depends on the interpreters’ judgments. The accuracy of decision mostly will be affected by their personal bias or prejudices. Manager usually uses management accounting information as a decision-making tool. This is because management accounting inform ation consists of specific and accurate details related to different competitors, market and industry the organization involved.With the analyzed data such as competitive advantages, consumers’ demand, potential sales and consumers’ response to price change, manager is able to make decision among all other business opportunities. In contrary, there are some limitations of the management accounting information. The quality of the information is restricted with the proper understanding and knowledge of the management accountants who provided the information.They may be lack of knowledge in related subject such as Statistic and economics, thus it will lead to inaccurate management accounting information. In conclusion, it is foreseeable that management accounting information is important and can be known as a business tool for the organization although it may has some limitations. But, it can also overcome by applying expertise and professional training for every level of management in the organization.Therefore, the information still able to assists in internal operation management of an organization. Furthermore, all decisions of the organization rely heavily management accounting information due to the reason it identifies all the factors that will affect the organization to succeed. ABMC 2023 MANAGEMENT ACCOUNTING FUNDAMENTALS TUTORIAL GROUP: 2DAC4 WORD COUNT: 2997 NAME| STUDENT ID| KHOR SEONG SENG| 11PBD05485| KHOR PEI CHIEN| 11PBD03114| KHOR SHER LEE| 11PBD06416| ONG KAR SIN| 11PBD03057| YE YUN SHENG| 11PBD04700|

Friday, August 16, 2019

Philosophy Of Nursing Essay

Abstract A nursing philosophy explains what nursing is and why nurses practice the way that they do. A philosophy of nursing is usually created by an individual nurses for use in their daily practice. Nurses use their personal philosophy to explain what he or she believes nursing is, the role of nursing in the healthcare field and how the nurse interacts with the patient (McEwen & Wills, 2014). A Nurses philosophy of nursing can guide him or her in practice each day. Before one can explore their own personal nursing philosophy they must understand how nursing theories and philosophies directly affect each. The philosophy of nursing has been defined as the study of problems that are ultimate, abstract and general (McEwen & Wills, 2014). These problems are concerned with the nature of existence, knowledge, morality, reason and human purpose. Philosophy tries to discover knowledge and truth and attempts to content to identify what is valuable and important  ( McEwen & Wills, 2014, p. 25). Philosophy’s most basic level, theory, has been described as a systematic explanation of an event in which constructs and concepts are identified and relationships are proposed and predictions made ( McEwen & Wills, 2014, p. 25). With that being said it is easy to see how a nurses’ philosophy can determine what type of model or theory he or she uses to guide the care he or she provides. Just as nursing theory can help to develop a nurses personal philosophy, it is as important to acknowledge that nursing theories and philosophies both provide a way for a nurse to approach daily practice and individual patients. Personal Philosophy My personal philosophy of nursing is not based on a single theory but is a melting pot of many theories that has evovoled as my care has evolved over the years. My individual philosophy of nursing has resulted from being the product of an underserved community and seeing first hand how a healthcare provider’s individual bias can have a negative effect on patients outcome. Nursing is considered the art of caring and is translated into existence by doing what is right, what is good and ultimately in the best of the patient. I believe that nursing care should be transcultural as well as culturally caring. Just as Florence Nightingale investigated what could be done to address the connection between poverty, sickness and early death during the Crimean war, I believe nursing today should focus on the identification of poverty and discrimination as important contextual factors for an understanding of social vulnerability to disease . I believe that cultural competency should be the driving force behind care and that nursing must seek to address health disparities and risk reductions in doing so. As  nurses as we tend to focus on patient education, interventions, treatments and diagnoses but forget about the human rights aspect and dignity of those who may be social outcasts or of inferior status. It is my philosophy that in order to provide culturally competent care to the underserved and disenfranchised one has to have an understanding of there own value system and biases. The health promotion model of Nola Pender is deep rooted in my philosophy because I believe as her health promotion model states, humans have the potential to change and engage in new behaviors willingly to achieve self-selected goals or outcomes. I believe that we all go through various stages when seeking to make health related changes and it is that intervention  which is preformed at the right stage that will have the maximum impact in ensuring that the behavioral change will become a lasting one. This weeks readings have influenced my view points by helping me to explore the various nursing theories and providing a framework for which to base my own personal nursing philosophy on. The readings have also help me to realize that I had already established my own personal philosophy based on my own personal values and professional growth as well as patient encounters, interactions and knowledge but had not thought of it in abrader sense. Philosophical foundations Leininger’s cultural care theory of diversity and universality is based on a belief that people from different cultures can inform and are capable of guiding professionals so that they may receive the kind of care they desire or need from others. A major concept of this theory is cultural competent nursing care uses culturally-based care and health knowledge that is sensitive, creative and meaningful, in a ways to meet the general and needs of the individual or group. An example of this is when my Hispanic patient  asked me about the use of herbal supplements to address their medical illnesses. In an effort to provide care that is culturally competent I take the time to research the herb which the patient wishes to use to see if it will have a negative interaction on the prescribed treatment and if not, not only will I allow the patient to use them, but I encourage it’s use as well, while reinforcing to the patient the importance of continuing to use what I have prescribed also. Another example of culturally competent care use in my practice is with flu vaccines, I have found in my practice that a lot of african americans decline the flu vaccine for fear of post  vaccine illness. I respect the patients right to autonomy, but also educate them on the risk and benefits of the vaccine with hopes that at a subsequent visit they might change their mind. Philosophy and Knowledge Development Knowledge development is derived from philosophy and I implement this in practice by providing culturally competent care based on Leininger’s cultural care theory of diversity and universality. Leinger’s theory states that people from different cultures can inform and are capable of guiding professionals so that they may receive the kind of care they desire or need(Tomey & Alligood, 2006). This is why I actively involve the patient in his or her care. Positivism and Post-positivism Positivism supports mechanistic, and reductionist principles, where the complex is best understood in terms of basic components (McEwen & Wills, 2014). Post-positivism accepts the subject nature of inquiry while still supporting rigor and objective study through quantitative research method and is concerned with explanation and prediction of complex phenomenon, and recognized contextual variables (McEwen & Wills, 2014). Positivism is concerned with the positive application of knowledge to assist in human progress. In Nursing Positivism can be used to guide care. Conclusion This paper has given me the opportunity to recognize that I have always had a philosophy of nursing. Through self exploration this paper has given me an opportunity to put into words how highly I regard care being provided in a culturally competent manor, because it is by way of cultural competency that we can reach our truly most vulnerable population. References Flaskerud, J. (2007). Cultural competence: What effect on Reducing health disparities? Issues in Mental Health Nursing, 28(4), 431-434. Maze, C.M. (2005). Registered nurses personal rights vs. professional responsibilities in caring for members of underserved and disenfranchised populations. Journal of Clinical Nursing, 14(5),546-554. McEwen, M & Willis, E. (2014). Theoretical basis for nursing. Philadelphia, PA: Wolters Kluwer Health. Tomey, A.M. & Alligood, M.R. (2006). Nursing theorists and their work(6th edition). Philadelphia, PA: Mosby.

Thursday, August 15, 2019

Han’s Crime

Hand's wife gave birth to a baby eight months after their marriage. Han was under the Impression that the baby belonged to his wife's cousin. Han told everyone that It was a premature birth. This explained why the baby died so soon; nevertheless, It was actually the wife who killed the baby by smothering It with her breasts. For the rest of Mr.. And Mrs.. Hand's marriage, Han did not approach his wife and ask her if the baby was his. It seems to me that Han does not face his problems, but runs away from them or take the easy way out. For example, Han did not want to ivories his wife because he did not want there to be any wrong on him.If Han had confronted her about the possible affair as well as the death of their baby, their marriage would have gone in a completely different direction that did not end in one of them killing the other. I do not mean to say that they would have lived happily ever after or anything, but it definitely would have helped their relationship with each othe r. The birth and death of the baby symbolizes a new beginning for Han. â€Å"The child's death seemed Like retribution for everything and I decided that I should be as ignoramus as possible†.Han replaced the love for his wife with a tremendous hatred towards her. He thought of divorcing her, but having recently converted to Christianity he did not want there to be any wrong by his doing. Hand's actions cause me to think of him as the kind of person who works hard to please everybody. I mean, his Job is to entertain people. Becoming a Christian definitely made him an even greater person in his audience's eyes. When he was in the courtroom he told the judge that he did not know if he was guilty or not, he decided to tell the truth.I decided that the best way of being acquitted would be to make a clean breast of everything†, â€Å"Why not be completely honest†. That that is the kind of thing someone who wants to please people would say in his situation. In my opinio n Han did not mean to kill his wife; on the contrary, subconsciously he did kill her on purpose. Han would never hit his wife. Yes he was harsh, but never did he physically harm her. Of course that was Just because his conscious told him that that was wrong. Deep down Han wanted to hurt her and rid of her. Even though the

Wednesday, August 14, 2019

Immanuel Kant by Nathalie G. Catalogo Essay

German philosopher Immanuel Kant (1724-1804) is considered the most influential thinker of the Enlightenment era and one of the greatest Western philosophers of all times. His works, especially those on epistemology (theory of knowledge), aesthetics and ethics had a profound influence on later philosophers, including contemporary ones. Kant’s philosophy is often described as the golden middle between rationalism and empiricism. He didn’t accept either of both views but he gave credit to both. While rationalists argue that knowledge is a product of reason, empiricists claim that all knowledge comes from experience. Kant rejected yet adopted both, arguing that experience is purely subjective if not first processed by pure reason. Using reason while excluding experience would according to Kant produce theoretical illusion. Afterwards, Kant mainly focused on philosophical issues although he continued to write on science. Source: http://www. philosophers. co. uk/immanuel-kant. html Based on what I’ve read from the philosophy of Immanuel Kant which oftenly described as the golden middle between rationalism and empiricism, I strongly agree with the statements â€Å"experience is purely subjective if not first processed by pure reason† and â€Å"using reason while excluding experience would produce theoretical illusion. † Obviously, both statements complement each other. You will notice that experience needs reason for it not to be subjective and reason on the other hand, needs experience for it not to produce theoretical illusion. Empiricists claim that experience is equal to knowledge while rationalists argue that it is reason which is equal to knowledge. For example, for the empiricists, you have this experience that enrolling at University of Makati (UMak) needs patience and panctuality for there’s so many enrollees which causes a very long line so the process will take so much of your time. Through that experience, you gain knowledge so the next time you enroll, you already know how to handle things better. On the other hand, an example of rationalism is that, if someone teach you that one plus one is equal to two (1 + 1 = 2), you gain knowledge from the reason of mathematics. My assumption for the reason behind why Immanuel Kant adopted both of these is that it is closely related with each other and it needs each other to stand for its essence.

Are Trickle-Down Economics a Viable Theory in Today's Economy Research Paper

Are Trickle-Down Economics a Viable Theory in Today's Economy - Research Paper Example The people, in turn, will have more money to spend in the economy.†2 Therefore, are trickle-down economics a viable theory in today’s economy? The average person has no concept of why anyone would give huge tax breaks to the wealthy. This argument has been prevalent since the rich has taken advantage of economic freedoms to increase their profits. It seems only fair to the ordinary taxpayer that they should give back a larger share than those who are not wealthy. This theory is the basis for the progressive income tax within the United States. The government taxes the higher tax brackets when their income increases in excess. The trickle-down theory promotes that tax breaks for the higher income sectors will benefit all. The average income earner cannot begin to fathom the reasoning behind this. Looking at history and the principles of supply and demand, some economists would say that efforts should be made to increase the supply or production of goods and services. Othe rs would argue that a slow demand for goods and services is the problem, and efforts should be made to increase demand. The 19th century French economist Jean-Baptiste Say argued that economic growth will grow naturally if you boost production. This has become known as Say’s Law. ... Therefore, there has to be a demand that is not being satisfied. What they desire is either too expensive or not being made. Making products that are in great demand will, in turn, drive down the cost and create profits for the producer or seller. This process satisfies the need or demand and turns the wheels of the economy. In the 19th century this theory was a viable way to access the situation. Thomas Jefferson even stood by the theory. When the Great Depression began in the 1930s, some economists’ views began to change. The British economist, John Keynes, argued â€Å"that there are such things as overproduction and lack of demand, and the key is to increase demand rather than supply.†4 It was his understanding that consumer demand should be promoted instead of production, and this would create jobs and production through higher consumption. Keynes introduced many theories in order to stabilize the economy on a short-term or immediate basis. He introduced policies t o adjust interest rates, which adjusted available money. He also introduced policies that encouraged government spending and taxes, which would boost demand. A major part of these adjustments were to increase taxes on the rich and reduce taxes on the poor. It was his contention that the rich would invest their money producing more products and the lower income people would more than likely spend. Therefore, the oversupply of goods would be taken care of on its own, which was the source of the problem. Keynes’ philosophy of economics continued for at least three decades. By 1970 Say’s Law began to emerge again as a viable theory. Once again, trickle-down ideas were gathering support of some economists. If we think of trickle-down economics as a catalyst to boost production, it uses Say’s

Tuesday, August 13, 2019

Internet Piracy - Preventing the Distribution and Downloading of Essay

Internet Piracy - Preventing the Distribution and Downloading of Copyrighted Material - Essay Example Internet piracy is considered unethical and is said to be no different from stealing. Information should not be free and sharing of copyrighted material is illegal as stipulated in rules and regulations regarding freedom of information. Basing on the ethical argument and the negative economic repercussions of internet piracy, companies and all other entities handling copyrighted information should put in place measures to prevent the distribution and downloading of copyrighted material. Copyright A copyright generally refers to a collection of rights granted by an authority to an innovator of an original piece of work for a specific period of time and in return their work will be disclosed to the general public inclusive of the right to duplicate or adapt their work of art. Usually copyright owners do not have to be registered. They have the absolute right to control copying and other manipulation of their piece of art for a limited duration after which the particular piece of work g oes into the public domain. Copyright owners are however getting themselves in trouble in the modern world because of the beast that has been manifested through internet piracy (Sheri 68). The essay discusses some of the methods that can be used by companies to protect data against internet piracy. Copy protect This is among the most commonly used methods by film, music, video game and software companies. Copy protect is an exceptional application that majorly prevents illegal distribution (New Softwares. net, Inc). It is distinct data copy protection software that inhibits the replication of information i.e. copyrighted CDs/DVDs. It can be described simply as a technology that prevents duplication and sharing of copyrighted material. It is important to protect pictures, documents, videos, software, story scripts, designs and audios as they can be easily shared. It has been noted that companies that use copy protection to make higher profits. Although implementation of the copy prot ection is expensive, it is countered by increased profits which are gained by preventing piracy of copyrighted files. This application has strong copy protection for documents, videos, audios, software, video games and information. Additionally, they are user-friendly with navigate user interface that does not require added programming skills. Companies can safely distribute their songs, software, films, video games and graphical designs using distribution media such as CDs, DVDs, Blu- ray disc and many others (New Softwares. net, Inc.). This application has been modified to fit the needs of different customers. It also eliminates the need to set up the application on the other end that opens the copy protected documents. Finally, the application prevents internet piracy, file sharing and illegal distribution. A joint venture that seeks to prevent the illegal download of copyrighted material: Two global companies: ContentX Technologies and Cybermesh International Corp. have worked h and in hand to help companies deal with the problem of illegal downloading of copyrighted materials (Bokdawalla). ContentX deals in internet security, monetization and security applications that will be valuable in venture. On the other hand, Cybermesh International Corp. develops technologies that are used in the online distribution in the media, entertainment and telecommunication

Monday, August 12, 2019

Whistleblowing Essay Example | Topics and Well Written Essays - 500 words

Whistleblowing - Essay Example Flexibility- Flexibility is another characteristic of the whistleblower that ensures the company or organization is not going against the law (Vaughn, 2013). Tenacity- The whistleblower use stubbornness as a competing curiosity that must be in due course used as a tool to make a defined and right decision for the business (Gramling, 2014). Sensitivity- Most of the large business organizations have large number of employees across the country; hence, sensitivity as a characteristic of a whistleblower is important because it acts as an eye to the business (Gramling, 2014). Within the last 12months, U.S Supreme Court has been identified to protect the employees through the voice of whistleblower. The instance to protect employees of publicly company’s contracts March 6, 2014. This was noted to be the first time in the United State of America Supreme Court protected sub-contractors and contractors under Lawson v FMRLL, 571 U.S (2014) (Gramling, 2014). Jonathan M Zang and Jackie Hosang Lawson had different case to the court, alleged retaliation unlawful under act 806 that was against the FMR LLC while the others interrelated to the private company the so-called FMR. The funds were mutually raised to provide fidelity to the family as persuaded by the contract. The two of them commenced the unlawful action in a federal district court where the private mate was moved to dismiss plaintiff’s issues. The claims supported that they were not covered as employees under the act 1514A (Vaughn, 2013). The plaintiff therefore, took forth both employees of public company and the employees of the contract and sub-contract. After complains were filed with the health administration and occupational safety, Zang and Lawson began the action of de novo in a court. The court examined the statute text and found that FMR’s interpretation was quite presentable because there was

Sunday, August 11, 2019

Taxation and Housing Issues Essay Example | Topics and Well Written Essays - 2000 words

Taxation and Housing Issues - Essay Example Hence, in order to understand the economic feasibility of a particular country, a close analysis of the prevailing issues on taxation and housing is necessary. This paper will critically analyze various issues pertaining to taxation and housing in the United Kingdom, United States, and United Arab Emirates. Issues relating to taxation and housing in the UK The economic spectrum of the United Kingdom indicates that taxation issues have impeded the faster growth of the country. UK holding companies have been heavily suffering from tax issues in the recent years. Corporation tax deductions are available to a UK holding company on the interest payment to investors subject to anti-avoidance policies. More details on these features can be found at . The anti-avoidance provisions including transfer pricing are increasingly complex in nature and therefore the country’s holding companies are not benefited from tax reductions. In addition, a UK holding company does not get any tax deduc tion benefit while paying dividends to investors. Similarly, the tax deductions allowed to the UK’s small scale enterprises for boosting entrepreneurship actually result in a deadweight cost. This situation adversely affects the overall growth of the economy. Over the past few years, the UK government has faced a series of issues associated with the country’s corporate tax structure. In order to resolve the limitations of its corporate tax structure, the country is changing its policy from taxing worldwide profits to a more territorial taxation approach. Irish tax issues on UK transactions remain to be a major growth impediment to the UK’s business sector. Tax evasion has been a potential issue in the UK over the last few decades, and recently the country adopted tax fraud prevention measures. When an outsider deals with purchase of real property in the UK, he has to consider a number of factors including capital gains tax, stamp duty, inheritance tax, and incom e tax. The UK housing market has been struggling with numerous issues especially since the global financial crisis 2008. As a result, even small flats are becoming unaffordable to lower class of the society. Housing sector data show that affordability of housing in the UK has been getting worse since late 1990s as house prices grew faster than earnings rate. Although most of the developed countries including the United States experienced housing price increases in the beginning of the 21st century, this issue was different in the United Kingdom in two aspects. Firstly, the country’s house prices boom began earlier as compared to other developed economies, and indicated relatively sustained increases. Secondly, the regional pattern of the country was almost uniform. As per statistical data, house prices in the United Kingdom increased by 90% between 2002 and 2007. The average age of first time home buyers is also increasing in the country. Although mortgages were increasingly available to people, mounting housing prices remains to be an issue in the country. As reported by Department for Environment Food and Rural Affairs (2004), an additional 39,000 houses per annum were essential to meet housing requirements of the country effectively. The primary issue behind the housing market struggle in the UK is that the country does not have enough space to build new houses. In contrast, many people possess more