Introduction to criminal justice Assignment Example | Topics and Well Written Essays - 1000 words

Introduction to criminal justice - Assignment Example The extrajudicial measures stipulated by the Act have significantly decreased incidents through which the offending youth are charged. The measures, which include police cautions, referrals, crown cautions, taking no further action by the police and extrajudicial sanctions, are presumed to be sufficient to hold nonviolent and first-time offenders accountable for their actions. However, the presumption was ill-adviced, as shown by the lack of effectiveness on most of the first time offenders as well as the youth who participated in serious crimes. For example, a 2013 poll has shown that among the youth who committed violent crimes in 2011 and were given lenient judgments through extrajudicial means, 60 percent have already re-offended, which is only within a period of two years. For such serious youth crimes, prison sentences have declined by 25 percent within the same two year period. Before enacting the YCJA in 2003, the rate of youth incarceration in Canada was among the highest in the Western countries. It was characteristic of youth sentences not being proportionate to the degree of seriousness of the committed crime. Custody was a common sentence even in cases not considered to be serious, and the youth courts handed very invasive sentences for minor crimes in a bid to address social and psychological needs. However, the YCJA reserves custody sentences for violent and repeat offenders as well as those who did not comply with optional sentences. This has given plenty of room for the increase of first-time offenders who often go free. Question Two As a crime prevention initiative, sentencing aims to contribute towards maintaining a safe, peaceful and just society as well as respecting the law. With an emphasis on the future conduct, rehabilitative sentencing principles are oriented towards curing offending persons of the causes that led them to crime. On the other hand, retributive principles have their focus on the past conduct of the offending persons, mak ing them pay for their crimes. Unlike rehabilitative measures which promote responsibility among offenders and an acknowledgment of the damage done, retributive principles also place a lot of emphasis on expressing the disproval of the society regarding crime. In the past two decades, sentencing in Canada has shifted from rehabilitative to retributive principles because of the emphasis of the criminal justice system’s emphasis on crime prevention. In 1997, the criminal justice system, as well as people who participated in a poll, supported alternative sentencing, community service and rehabilitation services rather than prison and heavy fines. However, after the turn of the millennium and in keeping with the provisions of section 718(b) of deterring offenders and potential offenders from participating in crime, there was a shift. The retributive principles were believed to send messages of severe punishment for crime. For example, the sentence for using a firearm while commit ting a crime increased from 10 years in 1999 to 25 years in 2001. In the same period, a life sentence for a violent offence was handed at the second conviction, down from the third one. That was a time when the criminal code had 29 offences that triggered the mandatory minimum sentence, whereas six years earlier there were only 19. With the increasing popularity of the mandatory minimum sentence among politicians, many private bills have been enacted with the belief that harsh penalties are effective

Motherhood no longer fitting in the schedule Essay Example for Free

Motherhood no longer fitting in the schedule Essay The younger generation of women are more highly educated than ever before and will continue to postpone child bearing until they are certain they have established a stable career and lifestyle. Another cause of this delay is the difficulty of balancing home life with work life. For too many Australians the choice to have children weighs heavily. When many people check their savings account, it is quite rational for them to delay or decide against having children. Unfortunately, increasing numbers of women put off having children and wait for a better time that simply never comes. The average age at which Australian women have their first child is now 29. This is because women come closest to equality with men when they do not have family responsibilities. As more and more women postpone having children, pursue education and improve their employment prospects, those who have their children young, and who have a lower socioeconomic background, tend to fall behind both socially and economically. So many women find themselves stuck. Having a career makes it harder to have children, but having children makes it increasingly necessary to have a career for support. Therefore it is not always women deciding not to have children, but it seems as though the decision has already been made. If women are provided with opportunities equivalent to men but these opportunities are severely limited by having children then women almost have no choice but to restrict the number of children they have. However this is not always the case. There are a small percentage of women who choose not to ever have children. These women want the benefits of stability in community life and financial independence, but at the same time are unwilling to pay the cost of giving up any degree of personal freedom. It may seem selfish, but who wouldnt? A modern womans desire for a successful career is simply a case of choosing luxury apartments and designer shoes over changing nappies. For many women, children do not quite fit in the image of the cosmopolitan lifestyle they wish to lead. They would prefer freedom, fun, independence, time and money rather than responsibility, restrictions, stress, worry, financial struggles and chaos. Ok, maybe in reality it isnt that black and white. Love is the only main advantage of having children but who can guarantee that that will always be the case? Is an uncertain love really worth it? For me, I dont know if Ill ever feel the joy of holding my own baby in my arms. Im sure most women had a similar opinion at one stage. For many women who decide not to ever have children, motherhood is viewed as a burden rather than an experience of personal fulfillment. Another significant factor of the reduction of the birth rate is the breakdown of long term relationships. Most women still want children in marriage, but with divorce rates so high and children being put off until later in life, relationships often end before the kids come along. No matter how happily married, statistically speaking, a woman still faces a greater than 40% chance of ending up a single parent. Many women who would like to have children may possibly not have yet found a suitable partner, further delaying childbirth. Now Australia must face the issue of increasing the birth rate once again. Demographers now realise that the accelerating trend in fertility decline is not a temporary phase but an indication of a long-term change. Most Australian women do want children but find it too difficult to balance family life and work. Conservatives will ask women to give up work to satisfy their notion of what is an ideal life. In my opinion, Australias birth rate is not about telling women to go back in to the kitchen. Promoting a better balance between work and family life, with some flexibility for all employees can be achieved without compromising productivity. The population debate in Australia must start by focusing on the family. A good family policy, particularly a better balance between the demands of work and child bearing responsibilities, will ultimately provide the start of a better future.

Thoughts on Organization :: Writing Education Essays

Thoughts on Organization "We learned about thesis and antithesis and five paragraphs and the whole bit, and learned to do it faster and faster. We repeated it in just the same way you throw basketballs at hoops over and over until you're good at it....All this indicated that I was a 'good writer' and I and teachers both probably believed I really was, and strictly because of this motor skill they'd trained me in." Dave wrote that in an e-mail discussion about theme writing. It made me wonder what the actual guidelines were for the so-called "Official Style," and what, if anything, was wrong with its formula. After all, this is what Universities demanded of us on a quarterly basis. If the scholars and the academe found it to be the standard, what could be wrong with it? I had done it, been good at it. I could turn out one of the "official" papers in a two hour time frame and get an "A". Big deal. Didn't that make me a good writer? What else is there? So I read Strunk and White's version of The Elements of Sty le to find out exactly what I had been doing while fulfilling assignment after assignment. Not that the subject matter was all that entertaining, but couldn't they have spruced up their writing with a little creativity, a little humor? I was so bored, I had a hard time wanting to pick the book up once it had fallen from my bored hands. Ah Ha! I do believe I had inadvertently stumbled upon the result of "Official Style" writing. It stifled the creative, humorous, and personal tendencies that I, and most creatively-intended people, personally look for in a piece of work we would like to tag as interesting. My thoughts then wandered to what the non-official style would set for writing guidelines. Would it be a writing revolution? Would it swim circles around Strunk or would it merely allow more flexibility while still holding Strunk's words as truth? Would I find out that what I had previously written and considered a brilliant paper was actually a regurgatation of someone else's work. And worst of all, would it be as boring as Strunk? Naturally I knew I would find my answer on MCMorg's homepage and bookshelf. So I dug around a little in Aristotle, Finnegan's Wake , Nevin Liab, and our previous reading assignments.

french politics :: essays research papers

Louis was dignified and imposing with charming manners, but he was also hard working, patient and self-disciplined with an iron physical constitution. He maintained a strict routine of official business, every day. Short of height, he was of modest intelligence (not much helped by his upbringing undertaken largely by his servants) and lacking of a sense of humor. Possessed of a colossal pride, he loved grandeur, glory, military reviews and petty details (uniforms, equipment, drill). Louis was the epitome of the absolute monarch and embodied the idea of divine right monarchy. As God's representative on earth, he felt that he was due respect and that his word was law; he was responsible to God alone. As an absolute monarch, Louis XIV wielded unlimited authority with all decisions made by him; however, it was not despotism nor arbitrary power, as kings still had to justify their actions to churchmen, entrepreneurs and nobles. Having taken the reigns of government, Louis now had to contend with the nobility, church, bureaucracy and the rest of Europe to achieve his idea of France. The chief opposition to the central monarchy was the French, feudal nobility. The king continued the process of destroying the nobility as a class by increasing the use of commoners to run the state and by establishing Versailles as a seventeenth-century "Disneyland" to keep the nobility occupied with non-political amusements after the court moved there in 6 May 1682. To solidify support from the church, Louis acted in a highly favorable manner. In 1685, the L'Edit de Fountainbleau revoked the Edict of Nantes, and Huguenots, forbidden to practice, left France in droves. On one hand, this created religious unity within France and secured the friendship of the church, but, on the other hand, it aroused the implacable hatred of Protestant states and deprived France of some of its most industrious citizens. To create a more responsive and effective bureaucracy, Louis instituted new administrative methods to strengthen his control. Weekly ministerial conferences Continuity in the top four ministries (finance, army, navy, public works), only sixteen ministers in fifty-four years of his personal reign Ministers chosen by ability not birth Intendants continued to rule the 36 generalità ©s (provinces)--but they never served where they were born Financial reform of taxes Colbert, as controller general, worked to improve the French economy through a policy called mercantilism--state intervention to create a self-sustaining economy. Colbert used an aggressive tariff policy to manipulate the import of raw materials and the export of manufactured goods to improve the balance of payments. french politics :: essays research papers Louis was dignified and imposing with charming manners, but he was also hard working, patient and self-disciplined with an iron physical constitution. He maintained a strict routine of official business, every day. Short of height, he was of modest intelligence (not much helped by his upbringing undertaken largely by his servants) and lacking of a sense of humor. Possessed of a colossal pride, he loved grandeur, glory, military reviews and petty details (uniforms, equipment, drill). Louis was the epitome of the absolute monarch and embodied the idea of divine right monarchy. As God's representative on earth, he felt that he was due respect and that his word was law; he was responsible to God alone. As an absolute monarch, Louis XIV wielded unlimited authority with all decisions made by him; however, it was not despotism nor arbitrary power, as kings still had to justify their actions to churchmen, entrepreneurs and nobles. Having taken the reigns of government, Louis now had to contend with the nobility, church, bureaucracy and the rest of Europe to achieve his idea of France. The chief opposition to the central monarchy was the French, feudal nobility. The king continued the process of destroying the nobility as a class by increasing the use of commoners to run the state and by establishing Versailles as a seventeenth-century "Disneyland" to keep the nobility occupied with non-political amusements after the court moved there in 6 May 1682. To solidify support from the church, Louis acted in a highly favorable manner. In 1685, the L'Edit de Fountainbleau revoked the Edict of Nantes, and Huguenots, forbidden to practice, left France in droves. On one hand, this created religious unity within France and secured the friendship of the church, but, on the other hand, it aroused the implacable hatred of Protestant states and deprived France of some of its most industrious citizens. To create a more responsive and effective bureaucracy, Louis instituted new administrative methods to strengthen his control. Weekly ministerial conferences Continuity in the top four ministries (finance, army, navy, public works), only sixteen ministers in fifty-four years of his personal reign Ministers chosen by ability not birth Intendants continued to rule the 36 generalità ©s (provinces)--but they never served where they were born Financial reform of taxes Colbert, as controller general, worked to improve the French economy through a policy called mercantilism--state intervention to create a self-sustaining economy. Colbert used an aggressive tariff policy to manipulate the import of raw materials and the export of manufactured goods to improve the balance of payments.

Airport ownership

Airport as being fully privately owned enterprise is very important problem. There were a lot of conferences, dedicated to this problem, which tried to examine and study experience of world practice of privatizing and shareholding of airports as one of means to increase effectiveness of work in conditions of market relations.Some countries cannot make airports being fully privately owned enterprises because they don’t have legal securing in governmental property of usage airports.Absences of legalized documents which give right of management by governmental property don’t give opportunity to attract foreign investors, limit development of non-aviation activity, and create a lot of other problems. So, holding such conferences is a good opportunity to determine conditions of reforms in civil aviation and to analyze development of business in airports.Nowadays integration processes and economic reforms which take place in Europe create qualitative new situation in the fiel d of air transport. In these conditions coordination of efforts in the country, forming of legal regulations and regulation of activity of aircraft companies, airports and other organizations of this field, directed at guaranteeing of safety flights and protection of customers’ interests is very important.During last dozen of years more then one hundred of governmental aircraft enterprises and airports were made fully privately owned enterprises in Russia – it is more then in countries of Europe, USA and Canada. In the United States the attempts to privatize airports are more successful working with small airports (Robert Poole and Adrian Moore p.2)There was a possibility to rent an airport a little bit earlier. Actually, anybody was able to rent an airport, runway, avian stations, etc – anybody who paid more. Airport didn’t have any advantage during that rent. The tasks of leaser, which doesn’t care of airport’s problems, are easy to unders tand: to get higher profit from lease. And nobody knows how the leaser will take care of that leased property.Aircraft Company, on the contrary, is interested in maintenance of that property on necessary level, because it gets main funds from take-off and landing. (Robert W. Poole p.3)We came to conclusion also that making airport fully privately owned enterprise shouldn’t be made by impulse. It takes years in the European countries to get all permissions to make airport privately owned.Some aircraft companies consider purchase of airports to be very profitable. For example, â€Å"Austrian Airlines† pans to buy airport of Bratislava (Slovakia). The matter it that Bratislava’s airport is located 20 km from Vienna and Austrians want to use this airport as dispersal field. Besides, Slovakia enters European Union and quantity of flight to Bratislava can be increased. Austrians hope to become the main airline not only in Austria, but in neighbor Slovakia.Indian gover nment also decided to give â€Å"green light† to make two biggest governmental airports fully privately owned enterprises, which are located in administrative capital of country New Delhi and financial capital Mumbai (the city, which was known as Bombay).The minister of civil Aviation Rajiv Pratap Rudy announced in September 11, 2003 that cabinet of ministers adopted plans to sell 74 percent share holdings of both airports to private enterprises. Within eight months government will prepare to auction and to finish receiving of applications (Reuters agency p.1).Airports will be transformed in two separate companies, with partial participation of government. Accordingly, the companies will be made privately owned separately, with help of auctions. Airports Authority of India, AAI – governmental department, which controls 130 airports in the whole territory of country, will keep 26 percent share holding as well as functions of safety and management of air movement. In suc h a way the airports will have opportunity to become huge international junctions and to start compete actively with other airports of regions, as well as between themselves.

NaNoWriMo 2019 How to FINALLY Write Your 30-Day Novel

NaNoWriMo 2019 How to FINALLY Write Your 30-Day Novel 30 Days, 41 Tips: How to Win NaNoWriMo 2018 Another November, another chance to break a lifetime of bad habits and write that novel you always knew was inside you. For those out of the loop,  National Novel Writing Month  (or NaNoWriMo) is an annual competition where writers must write a 50,000-word novel in 30 days (hence, the name).It sounds intense, but  thousands of writers take part in each year. Not only like, but many of the drafts writing during NaNoWriMo over the years have turned into bestsellers - like Hugh Howey's Wool and  Sara Gruen's Water for Elephants.Whether you're a  NaNo  virgin or a  WriMo  veteran, you can always do with a helping hand and some top advice. To help you with this year's competition here are 41 Top NaNoWriMo tips from authors and editors:Are you a NaNoWriMo veteran? If you have any advice for writers about to take part in the competition, please share it in the comments below.

English 102 Essays

English 102 Essays English 102 Essay English 102 Essay Essay Topic: Communist Manifesto Kathleen Ahlgrim HST 142-001 March 15, 2010 Communist Manifesto 1. Two things gave the manifesto its force: first its vision and second its recognition of the necessary long term historical tendencies of capitalist development. 2. Karl Marx (1818-1883) Born in Trier, Prussia, Marx was a German philosopher, economist and sociologist. Marx was the principle author of the Communist Manifesto and also his ideas created the foundation of modern communism. Frederick Engels (1820-1895) Born in Barmen, Prussia, Engels was social scientist, author, political theorist and philosopher. Engels edited and assisted Marx on the Communist Manifesto. The Communist Manifesto was written in 1847 as a commissioned piece on the behalf of a group of radical workers call the Communist League, who met in London. The content was meant to spread information about the communist movement. It was a piece written for a particular moment in history, but became less useful because of the change in language and the historical point of which is written. 3. 3. Bourgeoisie is the upper middle class of society. They also tended to be the business owners. the epoch of the bourgeoisie, possess, however, this distinctive feature: it has simplified the class antagonisms. (pg 35) the bourgeoisie historically played a most revolutionary part. (pg37) Proletariats were the workers; The Industrial Revolution created a group of workers who were living in poverty and under terrible working conditions. They had little or no political representation. Of all the classes that stand face to face with the bourgeoisie today, the proletariat alone is a really revolutionary classâ„ ¢ (pg 21) it is coming into being in Germany only as a result of the rising industrial developmentâ„ ¢ (pg 23) 4. 5. New methods of production diminishes the worth of handicraft because of the new means of production (44) The bourgeoiese unfit any longer to b a ruling class because incompetent to assure existence to it slave ( 50) 6. Communism is already acknowledge by all European powers to be itself a power ( pg33)

How to Become a Creative Genius in 5 days [Infographic]

How to Become a Creative Genius in 5 days [Infographic] If you feel like you’re lacking creativity or your creative juices are running low, you’re not alone! Despite popular belief, creativity doesn’t have to be something you’re born. It can be a trait that you develop over time. Source:[Zippi]

The Cold War and U.S. Diplomacy Essay Example | Topics and Well Written Essays - 1000 words

The Cold War and U.S. Diplomacy - Essay Example Cuban Missile Crisis was the most precarious event which took place in the history of cold war, where U.S discovered that USSR had placed anti-ballistic missiles in the vicinity of the U.S territory. This pushed President Kennedy to take action in order to reverse the effect, and Kennedy acted very cautiously and via his diplomatic skills he was able to convince Khrushchev to roll back the missiles. Another such instance was the conclusion of Nuclear Test Ban Treaty between U.S and USSR, where Khrushchev first agreed over to the Nuclear Test Ban Treaty, while later began testing nuclear weapons, as a result of which U.S tested five such weapons to retreat the situation. Analyzing the Kennedy Doctrine in this context makes perfect sense, as it implies that U.S will take all necessary steps to contain the effect of communism, i.e. expansion of the policy of containment (Thompson 1992). Though he was an advocate of diplomacy, whenever required he took all crucial steps to contain the co mmunism threat and to secure his homeland and also his allies. In his inaugural address of 1961, President Kennedy said; â€Å"Let us never negotiate out of fear. And let us never fear to negotiate†. ... However on October 14, the U2 plane took pictures of these ballistic missiles placed in Cuba by the USSR, which definitely called for an action (Kempe 2011). Now, President Kennedy had a few options on the table out of which some were quite aggressive, while others were neutral in nature. After considering various options, Kennedy considered the option of naval blockade which was indeed a very diplomatic move as he named it quarantine to make it sound legal. Also, chances of aggression on the part of USSR were also limited and at the same time USSR was pressurized to roll back the weapons. It was quite wise on the part of President Kennedy to use the option of quarantine i.e. to block the way where missiles were being transferred; however, the diplomatic skills were tested after the option was utilized, i.e. while he was negotiating with Khrushchev (Cull 1998). He communicated his concerns to Khrushchev via his brother Lyndon Johnson after which a deal was reached when Khrushchev put forth his concerns about the missiles in Turkey, and thus USSR rolled backed the weapons while a secret deal was reached via the backdoor implying the rollback of weapons from Turkey as well. Also, the Nuclear Test Ban Treaty was also an attempt on the part of President Kennedy to follow his policy of containment i.e. to contain the Russian threat of nuclear war. Firstly, USSR and even UK signed the treaty which was a huge triumph for the diplomatic skills of Kennedy as he pursued his goal through peaceful means (Maga 1994). However, another challenge arose when USSR started preparing for another nuclear weapon test when they had already given their word on the Nuclear Test Ban. President

Externality Assignment Example | Topics and Well Written Essays - 1000 words

Externality - Assignment Example When economies have competition and no externalities, the markets will allocate resources in order to maximize the surplus available. However, when or if these conditions are not met, market failure may occur, as the market has not achieved the optimal outcome. If the parties involved can bargain without cost over the allocated resources, then the private market will always solve the problem of externalities. However, we realize this is not the case in all circumstances and therefore may require government means of intervention to correct the imbalance. Market failures in this case are failures only in the limited sense that they involve transaction costs that can be weakened by substituting internal organization for market exchange. (Unknown Author. â€Å"Market Failures and Externalities.† BasicEconomics.info). Market failures are affected by all of the following: static markets, contractual incompleteness, strategic misrepresentation risk, information processing effects, an d institutional adaptations. (Williamson Oliver E., The American Economic Review). These influences all play an integral role in the steps to market failure. The justification for government intervention usually comes about as a result of market failure within a particular market. This government intervention is implemented through the means of public policy, taxes, subsidies, bailouts, regulations, and wage and price controls. The government may also include attempts to correct market failure through the re-allocation of resources. A prime example of this would be the recent government bailouts and stimulus packages put together by Obama and Congress. There are several different perspectives about the cause of market failure, but market failure will always occur if there the market is ‘monopolized’ or a small group of businesses hold significant power. Some market failures are also due to the nature of the good or service being a public good. Negative externalities aff ect social cost much greater than the private cost. A great example of this would be the seat belt law and helmet law for motorcyclists. There are several times when we have sat in a car and wondered why should I put my seat belt on? I am only riding around the corner†¦ People have often questioned whether the government has the right to tell someone to put on their seat belt or wear a helmet when riding. The negative externality is derived from the scientific data that shows us that people involved in automobile accidents that wear seat belts and helmets have much less greater injuries than those that do not. These safety devises can greatly reduce fatalities associated with the incidents. Society as a whole, often times must foot the bill of these injuries through tax dollars because many of the people involved in these crashes do not have enough insurance. When you add medical bills, missed work, disabilities, and foster care- the social burden can become quite great. Also a lot of the funding that goes behind programs is tied to safety compliance. (Unknown Author. Cals.ncsu.edu) A great example of a positive externality would be the new green energy initiative that is taking place. In the past couple of years, the U.S. government has dramatically stressed the importance of fuel independence from the Middle East, and has sought ways

Should the tax laws be reformed to encourage saving(pro and con) Essay

Should the tax laws be reformed to encourage saving(pro and con) - Essay Example When similar activities are subjected to different tax treatments, households and businesses respond to the tax code rather than the underlying economic fundamentals. Economic efficiency is increased by broadening of the tax base and lowering of the tax rates. The costs of distortions caused by high tax rates will be reduced. These are approximately proportional to the square of the tax rate. Also, a simpler tax code would reduce the considerable resources which are presently devoted to complying with current tax laws; and the freed-up resources could be used for more productive purposes. Another important principle is that some predictability in the tax code would facilitate better forward-looking economic decision-making by households and businesses. (Greenspan, Allan: Chairman 2005) The tax code includes many incentives intended to increase savings to finance retirement, health care, higher education, and so on. These savings incentives, which exempt some income from tax, have moved the current tax system in the direction of a consumption base. Researchers have raised questions about how much if any, net new savings they stimulate. (21st Century Challenges†¦p.73). If designing a tax system from scratch, one based on consumption rather than income, would be better for promoting economic growth. A consumtion tax is likely to encourage saving and capital formation. The retail sales tax, value added taxes, the personal consumption tax and the flat tax are all types of consumption taxes. They vary in their collection points and structure. In future it will become increasingly important for the nation to boost resources available, through greater national saving and enhanced incentives for participation in the labor force. The tax system has the potential to con tribute importantly to those goals, and so at the very least tax reform should not hinder the achievement of those objectives. Importantly, fundamental, thorough tax reform include difficult choices

German Commercial Law Essay Example | Topics and Well Written Essays - 1500 words

German Commercial Law - Essay Example he similarities and difference between the European Court of Justice and German Federal Constitutional Court as far as the interpretation of legal issues in general including European arrest warrant case in particular. There are several similarities in interpretation of European law by European Court of Justice and German Federal Constitutional Court in commerce and basic law aspects (Dannemann, 1993). This is reflected in the amendments made to German civil codes in pursuance with the European law (Raymond Youngs, 2002). However, in some specific matters, there arises a clash between the two legal agencies. It is argued that the exclusive jurisdiction of European Court of Justice has been severely affected by the powers of German Federal Constitutional Court as provided by the German constitution (Alter, Karen, 1996). This led to interference of German Parliament in interpretation of German law or European law. Even in several occasions it was felt that the basic law of Germans is quite differently interpreted by the two legal authorities. For example, in one of the important case, the Federal Constitutional Court of Germany discusses the merits of party’s complaint in the context of Article 38(1) of the Basic Law3, and opined that only this provision gives him standing. The judgment gave more support to interpretation of German federal constitutional court especially in European arrest warrant case. Hence it was postulated that while interpreting the basic law’s applicability, the court should not only see the provisions of Europen court of justice but also consider the provisions of German federal constitutional court. European court of justice would look in to the general issues of citizens of all the member countries (Vermeulen and Sanders, 1998). There is a feeling that Bundestag is limited in its powers due to the fact that Germany is a member of the European Union4, which has its own legislation. However that loss is compensated by Germanys

Why College is important for a successful career Essay

Why College is important for a successful career - Essay Example Students who have attended college stand a better chance to succeed in their careers than those who do not attend college. Based on this notion, this paper will raise an argument that supports why attending college is crucial for career success. College can be regarded as a crucial institution that ought to be attended by students owing to the various benefits, which can be attributed to attending college. College is important because it offers students with significant exposure, which helps them significantly during their job search. By attending college, students get well equipped with the requirements of the job market and can, therefore, navigate through the job market with a lot of ease. Unlike students who have not attended college, college students can face interviewers with a lot of confidence and determination. The exposure attained in college makes students competent and this enables them to stand high chances of getting the jobs, which they may seek (Gardner, Jewler, and Barefoot 11-15). College helps students become successful, both in their careers and life, in a number of ways. When students attend college, they are assured of getting jobs immediately upon graduation. Students who attend college have better credentials than students who do not have any qualifications, which match college education. As a result, they are better placed to be preferred by employers than high school graduates. This means that job prospects for college students tend to be higher than those of other students. Employers maintain that college students have the potential than high school graduates. With this in mind, college students have a high probability of getting jobs. With jobs, they can improve their lives significantly, and afford high standards of living; as opposed to those who lack a college education (Gardner, Jewler, and Barefoot 11-15). The other way in which college helps students become successful is because they can earn a high income with a college education. It is eviden t that college graduates earn a higher income than their high school counterparts. With college education qualifications, employers will give a reasonable package to graduates. As such, they will get a considerable income that will help them improve their lives significantly. Thus, college education determines success in life; as the graduates can achieve their dreams with a lot of ease. Graduates who have attained college qualifications can drive good cars and live in decent houses. In most societies, success in life is defined by the ability of a graduate to drive a vehicle after graduating, as well as afford to shop in esteemed destinations and live in high class estates (Gardner, Jewler, and Barefoot 11-15). College can be termed as advantageous in a number of ways; in college, students can get a scholarship to engage in sports. Getting sports’ scholarship can be termed as one of the advantages of attending college. Scholarships for students who engage in sports is crucia l since it helps students gain motivation to study. Thus, attending college can help athletes and students engaging in sports get endorsements from media companies and other large companies. Such endorsements can be beneficial to the graduates since they earn a lot of money when they receive endorsements. College is also advantageous since it gives students an opportunity to interact and share with other students and professionals. As a result, the students gain exceptional expertise in their respective

German Commercial Law Essay Example | Topics and Well Written Essays - 1500 words

German Commercial Law - Essay Example he similarities and difference between the European Court of Justice and German Federal Constitutional Court as far as the interpretation of legal issues in general including European arrest warrant case in particular. There are several similarities in interpretation of European law by European Court of Justice and German Federal Constitutional Court in commerce and basic law aspects (Dannemann, 1993). This is reflected in the amendments made to German civil codes in pursuance with the European law (Raymond Youngs, 2002). However, in some specific matters, there arises a clash between the two legal agencies. It is argued that the exclusive jurisdiction of European Court of Justice has been severely affected by the powers of German Federal Constitutional Court as provided by the German constitution (Alter, Karen, 1996). This led to interference of German Parliament in interpretation of German law or European law. Even in several occasions it was felt that the basic law of Germans is quite differently interpreted by the two legal authorities. For example, in one of the important case, the Federal Constitutional Court of Germany discusses the merits of party’s complaint in the context of Article 38(1) of the Basic Law3, and opined that only this provision gives him standing. The judgment gave more support to interpretation of German federal constitutional court especially in European arrest warrant case. Hence it was postulated that while interpreting the basic law’s applicability, the court should not only see the provisions of Europen court of justice but also consider the provisions of German federal constitutional court. European court of justice would look in to the general issues of citizens of all the member countries (Vermeulen and Sanders, 1998). There is a feeling that Bundestag is limited in its powers due to the fact that Germany is a member of the European Union4, which has its own legislation. However that loss is compensated by Germanys

It ask to look critically at a contemporary social or cultural issue Essay

It ask to look critically at a contemporary social or cultural issue - Essay Example However, with societys liberalization came the dawn of a new age where homosexuals declared openly their sexual preference for same sex partners. They lobbied for social acceptance by challenging legislative statutes, and proceeded to sensitize people about their inherent right to express themselves freely. Consequentially, society remains divided on whether to accept or reject same sex couples. Discussed below includes a brief overview of the history of the gay movement detailing challenges homosexuals face and milestones they managed to overcome. This discussion also tries to analyze the context of homosexuality in contemporary society by analyzing the international reactions on homosexuality. Anthropological research on ancient societies spanning across the globe reveal homosexualitys prevalence. Murray & Roscoe (2011) advanced that homosexuality was consistent and common among African societies. According to these anthropologists, societies refrained from shunning such acts because they deemed them permissible. This explained why some of their leaders engaged in homosexuality; for example, King Mtwapa II, leader of the Baganda kingdom located in Uganda engaged in sexual relations with other men. Presently, modernization of society continues to redefine individuals perspectives on homosexuality. Majority remain ignorant of their past influences leading to irrational deductions. Moreover, religious doctrines influence peoples views on morality by differentiating between right and wrong. Therefore, issues pertaining to same sex relationships are immoral and shunned by societies built on conservative, religious values. Finally, legislative restrictions also continue to shap e perspectives on homosexuality. The laws of any country reflect the countrys cultural and religious views. Consequentially, countries with strict religious backgrounds and conservative cultures institute legislations that prohibit behaviors that deviate from

Normal and Abnormal Psychology Essay Example for Free

Normal and Abnormal Psychology Essay Psychology is a science that studies the human mind and behavior, to understand and explain thoughts, emotions, and behavior of individuals. Psychology can be applied in different ways, such as mental health treatment, performance improvement or enhancement, self-help and other areas impacting the health and daily life of individuals. Psychology is generally a broad field of science, and there are multiple subfields or areas within it. Two subfields in particular that are going to be discussed in this paper are normal and abnormal psychology. An individual is categorized within these two subfields according to whether their social behavior and way of thinking is common or totally out of the norm. Normal Psychology studies the common or average human behavior of individuals. This particular area focuses mainly on understanding the way the individual thinks and reasons throughout their everyday life. This area does not involve any disorders or psychological illnesses, but instead it researches the human mind in trying to better understand the individual’s thought process and behavior. An individual who would be categorized under normal psychology would not display any mental illnesses, disorders, psychological problems or un-normal behavior. Abnormal Psychology studies abnormal human behavior as well as psychopathology of the individual. Abnormal refers to something that is not normal or out of the norm. This particular area of psychology focuses more on research and treatment for the abnormal behavior displayed by the individual. This area of psychology covers a wide variety of disorders such as depression, sexual deviation, obsession-compulsion, anxiety, mood, developmental, etc. A good way to tell if there is a case of abnormal psychology is anytime the behavior of an individual is causing problems in their life or is disruptive to them or other people. There are a number of perspectives used to treat abnormal psychology. Three main perspectives are: behavioral, medical, and cognitive. The behavioral perspective focuses on the observable behaviors. The medical perspective focuses on biological causes on the mental illness. The cognitive perspective focuses on how their internal thoughts and reasoning contribute to the psychological disorders.

Load Balancing as an Optimization Problem: GSO Solution

Load Balancing as an Optimization Problem: GSO Solution METHODOLOGY INTRODUCTION In this chapter, we presented a novel methodology which considers load balancing as an optimization problem. A stochastic approach, Glowworm swarm optimization (GSO) is employed to solve the above mentioned optimization problem. In the proposed method, excellent features of various existing load balancing algorithms as discussed chapter 2 are also integrated. PROPOSED METHODOLOGY There are numerous cloud computing categories. This work mainly focuses on a public cloud. A public cloud is based on the typical cloud computing model, and its services provided by service provider [42]. A public cloud will comprises of several nodes and the nodes are in different physical locations. Cloud is partitioned to manage this large cloud. A cloud consists of several cloud partition with each partition having its own load balancer and there is a main controller which manage all these partition. 3.2.1 Job Assignment Strategy Algorithm for assigning the jobs to cloud partition as shown in Fig. 2 Step 1: jobs arrive at the main controller Step 2: choosing the cloud partition Step 3: if cloud partition state is idle or normal state then Step 4: jobs arrive at the cloud partition balancer. Step 5: assigning the jobs to particular nodes based on the strategy. Figure 3.1: Flowchart of Proposed Job Assignment Strategy. Load Balancing Strategy In cloud, Load Balancing is a technique to allocate workload over one or more servers, network boundary, hard drives, or other total resources. Representative datacenter implementations depends on massive, significant computing hardware and network communications, which are subject to the common risks linked with any physical device, including hardware failure, power interruptions and resource limits in case of high demand. High-quality of load balance will increase the performance of the entire cloud.Though, there is no general procedure that can work in all possible different conditions. There are several method have been employed to solve existing problem. Each specific method has its merit in a specific area but not in all circumstances. Hence, proposed model combines various methods and interchanges between appropriate load balance methods as per system status. Here, the idle status uses an Fuzzy Logic while the normal status uses a global swarm optimization based load balancing strategy. Load Balancing using Fuzzy Logic When the status of cloud partition is idle, several computing resources are free and comparatively few jobs are receiving. In these circumstances, this cloud partition has the capability to process jobs as fast as possible so an effortless load balancing method can be used. Zadeh [12] proposed a fuzzy set theory in which the set boundaries were not precisely defined, but in fact boundaries were gradational. Such a set is characterized by continuum of grades of membership function which allocates to each object a membership grade ranging from zero to one [12]. A new load balancing algorithm based on Fuzzy Logic in Virtualized environment of cloud computing is implemented to achieve better processing and response time. The load balancing algorithm is implemented before it outstretch the processing servers the job is programmed based on various input parameters like assigned load of Virtual Machine (VM) and processor speed. It contains the information in each Virtual machine (VM) and numbers of request currently assigned to VM of the system. Therefore, It recognize the least loaded machine, when a user request come to process its job then it identified the first least loaded machine and process user request but in case of more than one least loaded machine available, In that case, we tried to implement the new Fuzzy logic based load balancing technique, where the fuzzy logic is very natural like human language by which we can formulate the load balancing problem. The fuzzification process is carried out by fuzzifier that transforms two types of input data like assigned load and processor speed of Virtual Machine (VM) and one output as balanced load which are required in the inference system shown in figure 3.2, figure 3.3 and figure 3.4 respectively. By evaluating the load and processor speed in virtual machine in our proposed work like two input parameters to produce the better value to equalize the load in cloud environment, fuzzy logic is used. These parameters are taken for inputs to the fuzzifier, which are needed to estimate the balanced load as output as shown in figure 3.4. Figure 3.2: Membership input function of Processor Speed Figure 3.3: Membership input function of Assigned Load Figure 3.3: Membership output function of Balanced Load To affiliate the outputs of the inferential rules [13] , low-high inference method is employed. A number of IF-THEN rules are determined by making use of the rule-based fuzzy logic to get the output response with given input conditions, here the rule is comprised from a set of semantic control rules and the supporting control objectives in the system. If (processor_speed is low) and (assigned_load is least) then (balanced_load is medium) If (processor_speed is low) and (assigned_load is medium) then (balanced_load is low) If (processor_speed is low) and (assigned_load is high) then (balanced_load is low) If (processor_speed is Medium) and (assigned_load is least) then (balanced_load is high) If (processor_speed is Medium) and (assigned_load is medium) then (balanced_load is medium) If (processor_speed is Medium) and (assigned_load is high) then (balanced_load is low) If (processor_speed is high) and (assigned_load is least) then (balanced_load is high) If (processor_speed is high) and (assigned_load is medium) then (balanced_load is medium) If (processor_speed is high) and (assigned_load is high) then (balanced_load is medium) If (processor_speed is very_high) and (assigned_load is least) then (balanced_load is high) If (processor_speed is very_high) and (assigned_load is medium) then (balanced_load is high) If (processor_speed is very_high) and (assigned_load is high) then (balanced_load is medium) As shown above, there are 12 potential logical output response conclusions in our proposed work. The Defuzzification is the method of changing fuzzy output set into a single value and the smallest of minimum (SOM) procedure is employed for the defuzzification. The total sum of a fuzzy set comprises a range of output values that are defuzzified in order to decode a single output value. Defuzzifier embraces the accumulated semantic values from the latent fuzzy control action and produces a non-fuzzy control output, which enacts the balanced load associated to load conditions. The defuzzification process is used to evaluate the membership function for the accumulated output. The algorithm-1 is defined to manage the load in Virtual machine of cloud computing as follows: Begin Request_to_resource() L1 If (resource free) Begin Estimate connection_string() Select fuzzy_rulebase() Return resource End Else Begin If (Anymore resource found) Select_next_resource() Go to L1 Else Exit End End The proposed algorithm starts with request a connection to resource. It tests for availability of resource. It Calculate the connection strength if the resource found. Then select the connection, which is used to access the resource as per processor speed and load in virtual machine using fuzzy logic. Load Balancing using GSO (Glowworm Swarm Optimization) When the status of cloud partition is normal, tasks arrives with faster rate compare to idle state and the condition becomes more complex, thus a novel strategy is deployed for load balancing. Each user desired his job in the shortest time; as a result the public cloud requires a strategy that can finish the job of all users with adequate response. In this optimization algorithm, each glowworm i is distributed in the objective function definition space [14]. These glowworms transfer own luciferin values and have the respective scope called local-decision range . As the glow searches in the local-decision range for the neighbor set, in the neighbor set, glow attracted to the neighbor with brightest glow. That is glow selects neighbor whose luciferin value greater than its own, and the flight direction will change each time different will change with change in selected neighbor. Each glowworm encodes the object function value at its current location into luciferin value and advertises the same within its neighborhood. The neighbor’s set of glowworm comprises of those glowworms that have comparatively a higher luciferin value and that are situated within a dynamic decision range and their movements are updated by equation (8) at each iteration. Local-decision range update: (8) and is the glowworm local-decision range at the iteration, is the sensor range, is the neighbourhood threshold, the parameter generates the rate of change of the neighborhood range. Local-decision range consist of the following number of glow: (9) and, is the glowworm position at the t iteration, is the glowworm luciferin at the iteration.; the set of neighbours of glowworm comprises of those glowworms that have a comparatively higher luciferin value and that are situated within a dynamic decision range whose range is defined above by a circular sensor range Each glowworm as given in equation (10), i elects a neighbor j with a probability and process toward it as: Probability distribution used to select a neighbor: (10) Movement update: (11) Luciferin-update: (12) and is a luciferin value of glowworm at each iteration, leads to the reflection of the accumulative goodness of the path . This path is followed by the glowworms in their ongoing luciferin values, the parameter only ascends the function fitness values, is the value of test function. In this optimization algorithm, each glowworm is distributed in the objective function definition space [43]. These glowworms transfer own luciferin values and have the respective scope called local-decision range . As the glow searches in the local-decision range for the neighbor set, in the neighbor set, glow attracted to the neighbor with brightest glow. That is glow selects neighbor whose luciferin value greater than its own, and the flight direction will change each time different will change with change in selected neighbor. Figure 3.4 shows the flowchart of GSO algorithm. In the context of load balancing for cloud computing GSO algorithm check the status of the server simultaneously if it is free. For example a user wants to download a file size of 50 MB. It checks by iteration if user gets entered in server, it gets the message as achieve target. Figure 3.4: Flowchart of GSO Analysis of the Accrual Anomaly | Accounting Dissertation Analysis of the Accrual Anomaly | Accounting Dissertation Sloan (1996), in a determinative paper, added the accrual anomaly in the list of the market imperfections. Since then, academics have focused on the empirical investigation of the anomaly and the connection it has with other misspricing phenomena. The accrual anomaly is still at an embryonic stage and further research is needed to confirm the profitability of an accruals based strategy net of transaction costs. The current study investigates the accrual anomaly while taking into consideration a UK sample from 1991 to 2008. In addition, the predictive power of the Fama and French (1996) factors HML and SMB is being tested along with the industrial production growth, the dividend yield and the term structure of the interest rates. Chapter 1 Introduction Since the introduction of the random walk theory which formed the basis for the evolvement of the Efficient Market Hypothesis (EMH hereafter) proposed by Fama (1965), the financial literature has made many advances but a piece of the puzzle that is still missing is whether the EMH holds. Undoubtedly, the aforementioned debate can be considered as one of the most fruitful and fast progressing financial debates of the last two decades. The Efficient Market Hypothesis has met many challenges regardless of which of its three forms are being investigated. However, the weak form and semi strong hypothesis have been the most controversial. A literally vast collection of academic papers discuss, explore and argue for phenomena that seem to reject that the financial markets are efficient. The famous label of â€Å"anomaly† has taken several forms. Many well-known anomalies such as the contrarian investment, the post announcement drift, the accruals anomaly and many others are just the beginning of an endless trip. There is absolutely no doubt that many more are going to be introduced and evidence for the ability for the investors to earn abnormal returns will be documented. Recently, academics try to expand their investigation on whether these well-documented anomalies are actually profitable due to several limitations (transaction costs etc) and whether the anomalies are connected. Many papers are exploring the connection of the anomalies with each other proposing the existence of a â€Å"principal† misspricing that is documented into several forms. The current study tries to look into the anomaly that was initially documented by Sloan (1996) and has been labelled as the â€Å"accrual anomaly†. The accrual anomaly can be characterised as being at an embryonic stage if the basis for comparison is the amount of publications and the dimensions of the anomaly that light has been shed on. The facts for the accrual anomaly suggest the existence of the opportunity for investors to earn abnormal returns by taking advantage of simple publicly available information. On the other hand, accruals comprising an accounting figure have been approached from different points of view with consequences visible in the results of the academic papers. Furthermore, Stark et al (2009) challenge the actual profitability of the accrual anomaly by simply taking transaction costs into consideration. The present paper employs an accrual strategy for a sample comprising of UK firms during 1991-2008. The aim is to empirically investigate the profitability of such strategies during the whole data sample. The methodology for the calculation of accruals is largely based on the paper of Hardouvelis et al (2009). Stark et al (2009) propose that the positive excess returns of the accruals’ strategy are based on the profitability of small stock. In order to investigate the aforementioned claim, the current study employs an additional strategy by constructing intersecting portfolios based on accruals and size. Finally, five variables are being investigating at the second part of the study for their predictive power on the excess returns of the constructed portfolios. The monumental paper of Fama and French (1996) documented an impressive performance of two constructed variables (the returns of portfolios named HML and SMB). In addition, the dividend yield of the FTSE all share index, the industrial production growth and the term structure of the interest rates will be investigated as they are considered as potential candidates for the prediction of stock returns. Chapter 2 Literature review 2.1. Introduction During the last century the financial world has offered many substantial advances. From the Portfolio Theory of Markowitz (1952) to the development of the Capital Asset Pricing Model of Sharpe (1964) and Lintner (1965), and from the market Efficient Market Hypothesis (hereafter EMH), developed by Fama (1965), to the recent literature that challenges both the CAPM and the EMH, they all seem to be a chain reaction.   The financial academic world aims to give difficult but important answers on whether markets are efficient and on how investors should allocate their funds. During the last two decades, many researchers have documented that there exist strategies that challenge the claim of the supporters of the efficient and complete markets. In this chapter, the effort will be focused on reviewing the financial literature from the birth of the idea of the EMH until the recent publications that confirm, reject or challenge it. In a determinative paper, Fama (1970) defined efficient markets and categorised them according to the type of information used by investors. Since then, the finance literature has offered a plethora of studies that aim to test or prove whether markets are indeed efficient or not. Well known anomalies such as the post announcement drift, the value-growth anomaly or the accruals anomaly have been the theme of many articles ever since. 2.2. Review of the value-growth anomaly We consider as helpful to review the literature for the value growth-anomaly since it was one of the first anomalies to be investigated in such an extent. In addition, the research for the value-growth anomaly has yielded a largely productive debate on whether the documented returns are due to higher risk or other source of mispricing. Basu (1970) concluded that stocks with high Earnings to Price ratio tend to outperform stocks with low E/P. Lakonishok, Shleifer and Vishny (1994) documented that stocks that appear to have low price to a fundamental (book value, earnings, dividends etc) can outperform stocks with high price to a fundamental measure of value. Lakonishok, Shleifer and Vishny (1994) initiated a productive period that aimed to settle the dispute on the EMH and investigate the causes of such â€Å"anomalies†. Thus, the aforementioned researchers sparked the debate not only on the market efficiency hypothesis but also on what are the sources for these phenomena. Fama and French (1992) supported the idea that certain stocks outperform their counterparts due to the larger risk that the investors bear. Lakonishok, Shleifer and Vishny (1994) supported the idea that investors fail to correctly react to information that is available to them. The same idea was supported by many researchers such as Piotroski (2001). The latter also constructed a score in order to categorise stocks with high B/M that can yield positive abnormal returns (namely, the F Score). Additionally, the â€Å"market efficiency debate â€Å"drove behavioural finance to rise in popularity. The value-growth phenomenon has yielded many articles that aim to find evidence that a profitable strategy is feasible or trace the sources of these profits but, at the same time, the main approach adopted in each study varies significantly. Asness (1997) and Daniel and Titman (1999) examine the price momentum, while Lakonishok, Sougiannis and Chan (2001) examine the impact of the value of intangible assets on security returns. In addition, researchers have found evidence that the value-growth strategies tend to be successful worldwide, as their results suggest. To name a few, Chan, Hamao and Lakonishok (1991) focused on the Japanese market, Put and Veld (1995) based their research on France, Germany and the Netherlands and Gregory, Harris and Michou (2001) examined the UK stock market. It is worth mentioning that solely the evidence of such profitable strategies could be sufficient to draw the attention of practitioners, but academics are additionally interested in exploring the main cause of these arising opportunities as well as the relationship between the aforementioned phenomena (namely, the value growth, post announcement drift and the accrual anomaly). In general, two schools of thought have been developed: the one that supports the risk based explanation or, in other words, that stocks yield higher returns simply because they are riskier, and the one that supports that investors fail to recognise the correct signs included in the available information. 2.3. The accruals anomaly 2.3.1. Introduction of the accrual anomaly. Sloan (1996) documented that firms with high (low) accruals tend to earn negative (positive) returns in the following year. Based on this strategy, a profitable portfolio that has a long position on stocks with low accruals and short position on stocks with high accruals yields approximately 10% abnormal returns. According to Sloan (1996) investors tend to overreact to information on current earnings. Sloan’s (1996) seminar paper has been characterised as a productive work that initiated an interesting to follow debate during the last decade. It is worth noting that even the very recent literature on the accrual anomaly has not reached reconciling conclusion about the main causes of this particular phenomenon and about whether a trading strategy (net of transaction costs) based solely on the mispricing of accruals can be systematically profitable. At this point it is worth mentioning that the accruals have been found to be statistically significant and negative to predict future stock returns. On the other hand, there are papers that examine the accruals and its relations with the aggregate market. A simple example is the paper published by Hirshleifer, Hou and Teoh (2007), who aim to identify the relation of the accruals, if any, with the aggregate stock market. Their findings support that while the operating accruals have been found to be a statistical significant and a negative predictor of the stock returns, the relation with the market portfolio is strong and positive. They support that the sign of the accruals coefficient varies from industry to industry reaching a peek when the High Tech industry is taken into account (1.15), and taking a negative value for the Communication and Beer/Liquor industry. 2.3.2 Evidence for the international presence of the phenomenon. Researchers that investigated the accruals anomaly followed different approaches. At this point, it is worth noting that the evidence shows the accrual anomaly (although it was first found to be present in the US market) to exist worldwide. Leippold and Lohre (2008) examine the accrual anomaly within an international framework. The researchers document that the accrual anomaly is a fact for a plethora of markets. The contribution of the paper though, is the large and â€Å"complete† number of tests used, so that the possibility of pure randomness would be eliminated. Although, similar tests showed that momentum strategies can be profitable, recent methodologies used by the researchers and proposed by Romano and Wolf (2005) and Romano, Shaikh and Wolf (2008), suggest that the accruals anomaly can be partially â€Å"random†. It is noteworthy that the additional tests make the â€Å"anomaly† to fade out for almost all the samples apart from the markets of US, Australia and Denmark. Kaserer and Klingler (2008) examine how the over-reaction of the accrual information is connected with the accounting standards applied. The researchers constructed their sample by solely German firms and their findings document that the anomaly is present in Germany too. We should mention at this point that, interestingly, prior to 2000, that is prior to the adoption of the international accounting standards by Germany, the evidence did not support the existence of the accrual anomaly. However, during 2000-2002, Kaserer and Klingler (2008) found that the market overreacted to accrual information. Hence, the authors support the idea that an additional cause of the anomaly is the lack of legal mechanisms to enforce the preparation of the financial statements according to the international accounting standards which might gave the opportunity to the firms to â€Å"manipulate† their earnings. Another paper that focuses on the worldwide presence of the accruals mispricing is that of Rajgopal and Venkatachalam (2007). Rajgopal and Venkatachalam examined a total of 19 markets and found that the particular market anomaly exists in Australia, UK, Canada and the US. The authors’ primal goal was to identify the key drivers that can distinguish the markets where the anomaly was documented. Their evidence supports the idea that an accrual strategy is favoured in countries where there is a common law tradition, an extensive accrual accounting and a low concentration of firms’ ownership combined with weak shareholders’ rights. LaFond (2005) also considers the existence of the phenomenon within a global framework. The author’s findings support the notion that the accrual anomaly is present worldwide. In addition, LaFond argues that there is not a unique driving factor responsible for the phenomenon across the markets. It is worth noting that LaFond (2005) documented that this particular market imperfection is present in markets with diverse methodology of accrual accounting. Findings are against the idea that the accrual anomaly has any relation with the level of the shareholders protection or a common law tradition, as suggested by Rajgopal and Venkatachalam (2007). Finally, the author suggests that, if any, it is not the different method of accrual accounting (measurement issues) that favours or eliminates the accrual anomaly, but the accrual accounting itself. 2.3.3. Further Evidence for the roots of the accruals anomaly. Additionally, papers such as those of Thomas and Zang (2002) or Hribar (2000) decompose accruals into changes in different items (such as inventory, accounts payable etc). The findings catholically suggest that extreme changes in inventory affect returns the most. On the other hand, many articles connect the accruals with information used by investors, such as the behaviour of insiders or analysts, as the latter can be considered a major signal to the investors for a potential manipulation of the firms’ figures. In particular, Beneish and Vargus (2002) documented that firms with high accruals and significant insider selling have substantial negative returns.  Bradshaw (2001) and Barth and Hutton (2001) examine the analysts’ reports and their relation with the accruals anomaly. Their findings support that the analysts’ forecasting error tends to be larger for firms with high accruals, while analysts do not revise their forecasts when new information for accruals is available. Gu and Jain (2006) decompose accruals into changes in inventory, changes in accounts receivable and payable and depreciation expenses and try to identify the impact of the individual components to the anomaly. Consistent with Sloan (1996), Gu and Jain (2006) document that the accrual anomaly exists at the components level. The findings are important since Desai et al (2004) supported the connection of the accrual anomaly with a single variable (cash flows from operations). The researchers suggest that the results yielded by Desai et al (2004) were highly dependent on the methodology used and thus, suggested that the accruals anomaly is â€Å"alive and well†. Moreover, other articles try to confirm whether the anomaly is mainly caused by the wrong interpretation of the information contained in accruals. Ali et al. (2000), investigate whether the naà ¯ve investors’ hypothesis holds. Following the methodology introduced by Hand (1990) and Walther (1997), they found that for smaller firms, which are more likely to be followed by sophisticated investors, the relation between accruals and negative future returns is weaker compared to larger firms, which are followed by many analysts. Therefore, the researchers suggest that, if anything, the naà ¯ve investors’ hypothesis does not hold. In contrast to other market anomalies where findings suggest that the naà ¯ve investors hypothesis holds, the accruals anomaly is suggested as unique. Shi and Zhang (2007) investigate the earnings fixation hypothesis suggesting that the accruals anomaly is based on the investors â€Å"fixation† or â€Å"obsession† on earnings. Their primal hypothesis is that if investors are highly based on the reports about earnings and misprice the value-relevant earnings, then the returns should be dependent not only on the accruals but also on how the stock’s price changes according to reported earnings.  The researchers’ hypothesis is confirmed and finding support that an accrual strategy for firms whose stocks’ price highly fluctuates according to earnings yields a 37% annual return. Sawicki and Shrestha (2009) aim to examine two possible explanations for the accruals anomaly. Sloan (1996) proposed the fixation theory under which investors fixate on earnings and thus overvalue or undervalue information for accruals. Kothari et al. (2006) proposed the â€Å"agency theory of overvalued equity† according to which managers of overvalued firms try to prolong the period of this overvaluation which causes accruals to increase.  The paper uses the insider trading and other firm characteristics and tries to compare and contrast the two major explanations. Evidence produces bd Sawicki and Shrestha (2009) support the Kothari et al. (2006) explanation for the accrual anomaly. In a relatively different in motif paper, Wu and Zhang (2008) examine the role that the discount rates play in the accrual anomaly. They argue that if anything, the anomaly is not caused by irrationality from the investors’side but by the rationality of firms as it is proposed by the q-theory of investment. They argue that since the discount rates fall and more projects become profitable (which makes accruals to increase) future stock returns should decline. In other words, if the capital investment correctly adjusts to the current discount rates, the accruals should be negatively correlated with the future returns and positively correlated with the current returns. The evidence of Wu and Zhang (2008) support that the accruals are negatively correlated with the future stock returns but the contribution of the paper is in that they document that current stock returns are positively correlated with the accruals. 2.3.4. The relation of the accrual anomaly with other market imperfections. Many papers examine the relation between the accruals anomaly and other well-known anomalies such as the post announcement drift or the value-growth phenomenon. Desai et al. (2002), suggest that the â€Å"value-growth† anomaly and the accruals anomaly basically interact and conclude that the  ¨accruals strategy and the C/P reflect the same underlying phenomena†. Collins and Hribar (2000) suggest that there in no link between the accruals anomaly and the â€Å"PAD†, while Fairfield et al. (2001) support that the accruals anomaly is a sub-category of an anomaly caused by the mistaken interpretation of the information about growth by the investors. Cheng and Thomas (2006) examine the claim that the accrual anomaly is a part of a broader anomaly (and more specifically, the value-glamour anomaly). Prior literature suggested that the operating cash flows to price ratio subordinates accruals in explaining future stock returns (Deshai et al (2004)). Their evidence suggests that the Operating CF to price ratio does not subsume neither abnormal nor total accruals in future announcement returns. This particular result does not confirm the claim that the accrual anomaly is a part of a broad value-glamour anomaly. Atwood and Xie (2005) focus on the relation of the accrual anomaly and the mispricing of the special items first documented by Burgstahler, Jiambalvo and Shevlin (2002). Their hypothesis that the two phenomena are highly related is confirmed since the researchers found that special items and accruals are positively correlated. Additionally, further tests yielded results that suggest that the two imperfections are not distinct, while the special items have an impact on how the market misprices the accruals. Louis and Sun (2008) aim to assess the relation between the abnormal accrual anomaly and the post earnings announcement drift anomaly. The authors hypothesize that both anomalies are related to the management of the earnings and thus, they aim to find whether the two are closely connected. The findings are consistent with the primal hypothesis, as they found that â€Å"firms with large positive change of earnings that were least likely to have manipulated earning downwards† did not suffer from PEAD, while the same result was yielded for firms that had large negative change of earnings that were least likely to have managed their earnings upwards. As supported by many researchers the value-growth anomaly and accruals anomaly might be closely related or they might even be caused by the similar or even identical roots.  Fama and French (1996) support that the book to market factor captures the risk of default, while Khan (2008) suggests that in a similar pattern firms with low accruals have a larger possibility to bankrupt. Therefore, many researchers try to connect the two phenomena or to answer whether a strategy based on the accruals can offer more than what the value growth strategy offers. Hardouvelis, Papanastopoulos, Thomakos and Wang (2009) connect the two anomalies by assessing the profitability of interacting portfolios based on the accruals and value-growth measures. Their findings support that positive returns are obtainable and magnified when a long position is held for a portfolio with low accruals while combined with stocks that are characterised as high market to book. The difference of a risked-based explanation or an imperfection of the markets is considered to be a major debate, as it can challenge the market efficiency hypothesis. Many researchers, such as Fama and French (1996) noted that any potential profitable strategy is simply due to the higher risk that the investors have to bear by holding such portfolios. In a similar way, the profitable accruals strategies are considered as a compensation for a higher risk. Stocks that yield larger returns are compared or labelled as stocks of firms that are close to a financial distress. Khan (2000) aims to confirm or reject the risk-based explanation of the accruals anomaly. The researcher uses the ICAPM in order to test if the risk captured by the model can explain the anomaly first documented by Sloan (1996). It is worth noting that the descriptive statistics results for the sample used showed that firms that had low accruals also had high bankruptcy risk.  The contribution of the paper is that, by proposing a four factor model enhanced by recent asset pricing advances, it showed that a great portion of the mispricing that results in the accrual anomaly can be explained within a risk-based framework. Furthermore, Jeffrey Ng (2005) examines the risk based explanation for the accrual anomaly which proposes that accruals include information for financial distress. As proposed by many papers, the accrual anomaly is simply based on the fact that investors bare more risk and thus low accrual firms have positive abnormal returns. The researcher tries to examine how and if the abnormal returns of a portfolio which is short on low accruals stocks and long on high accrual firms changes when controlling for distress risk. Evidence supports that at least a part of the abnormal returns are a compensation for bearing additional risk. Finally, the results support that the big portion of the high abnormal returns of the accrual strategy used in the particular paper is due to stocks that have high distress risk. 2.3.5. The accruals anomaly and its relation with firms’ characteristics. A noteworthy part of the academic literature examines the existence of some key characteristics or drivers that are highly correlated with the accruals anomaly. Many researchers have published papers that aim to identify the impact of firm characteristics such as the size of the firm, characteristics that belong to the broader environment of the firms such as the accounting standards or the power of the minority shareholders. Zhang (2007) investigates whether the accrual anomaly varies cross-sectionally while being related with firms’ specific characteristics. The researcher primarily aims to explain which the main reason for the accrual anomaly is. As Zhang (2007) mentions, Sloan (1996) attributes the accrual anomaly to the overestimation of the persistence of accruals by investors, while Fairfield (2003) argues that the accrual anomaly is a â€Å"special case of a wider anomaly based on growth†. The evidence supports the researcher’s hypothesis that characteristics such as the covariance of the employee growth with the accruals have an impact on the future stock returns. Finally, Zhang (2007) documents that that accruals co-vary with investment in fixed assets and external financing. Louis, Robinson and Sbaraglia (2006) examine whether the non-disclosure of accruals information can have an impact on the accruals anomaly. The researchers, dividing their sample into firms that disclose accruals information on the earnings announcement and firms that do not, investigate whether there exists accruals’ mispricing. The evidence supports that for firms that disclose accruals information, the market manages to correctly understand the discretionary part of the change of the earnings. On the contrary, firms that do not disclose accruals information are found to experience â€Å"a correction† on their stock price. Chambers and Payne’s (2008) primal aim is to examine the relation of the accrual anomaly and the auditing quality. The researchers’ hypothesis is that the accruals mispricing is related with the quality of auditing.  Additionally, their findings support that the stock prices do not reflect the accruals persistence characterising the lower-quality audit firms. Finally, their empirical work finds that the returns are greater for the lower-quality audit portfolio of firms. Palmon, Sudit and Yezegel (2008) examine the relation of the accruals mispricing and the company size. Evidence shows that company size affects the returns and, as the researchers documented, the negative abnormal returns are mostly due to larger firms while the positive abnormal returns come from the relatively small firms. Particularly, as the strategy with the highest profits they found the one that had a short position in the largest-top-accrual decile and a long position in the smallest-low-accrual decile. Bjojraj, Sengupta and Zhang (2009) examine the introduction of the Sarbanes-Oxley Act and the FAS 146 and how these two changes affected the accrual anomaly. FAS 146 (liabilities are recognized only when they are incurred) reduced the company’s ability to â€Å"manipulate† earnings while the SOX aims to enhance the credibility of the financial statements. The evidence recognises a change on how the market conceives information about restructurings charges. The authors propose that a possible explanation is that before the introduction of SOX and the FAS 146, the market was reluctant due to the ability of the firms to manage earnings. Finally, Bjojraj, Sengupta and Zhang (2009) document that post to the FAS 146 and the SOX act, low accrual portfolios do not generate positive abnormal returns. 2.4. The applications of the accruals phenomenon and reasons why it is not arbitraged away. The importance of the analysis of the anomalies is substantial for two reasons. Firstly, the profitability of a costless strategy challenges the EMH, especially if the strategy is based on bearing no additional risk. Secondly, managers’ incentives to manipulate the financial statements and consequently the accruals would be obvious if a profitable strategy based on such widely available information existed. Chen and Cheng (2002) find that the managers’ incentive to record abnormal accruals is highly correlated with the accrual anomaly. The hypothesis of the researchers, which their findings support, was that the investors fail to detect when the managers aim to record abnormal accruals and that may contribute to the accruals anomaly. Richardson’s (2000) main objective is to examine whether the information contained in the accruals is utilized by short sellers. As the researcher mentions, previous articles such as that of Teoh and Wong (1999) found that sell side analysts were unable to correctly â€Å"exploit† the information contained in accruals for future returns. Richardson suggests that short sellers are considered as sophisticated enough to utilize the accruals information. Findings confirm previous work, such as that of Sloan (2000), who suggests that even short sellers do not correctly utilize the information contained into accruals. Ali, Chen, Yao and Yu (2007) examine whether and how equity funds benefit from the accrual anomaly by taking long position into low accruals firms. The researchers aim to identify how exposed are the equity firms to such a well known anomaly and what characteristics these funds share. By constructing a measure called â€Å"accruals investing measure† (AIM), they try to document the portion of the low accruals firms into the actively managed funds. The evidence shows that generally funds are not widely exposed to low accruals firms but when they do so, they have an average of 2.83% annual return. It is worth noting that the annual return is net of transaction costs. Finally, the side-effects of high volatility in returns and in fund flows of the equity funds that are partially based on the accrual anomaly might be the reason behind the reluctance of the managers. Soares and Stark (2009) used UK firms to test whether a profitable accrual strategy is feasible net of transactions costs. Their findings support that indeed the accrual anomaly is present in the UK market. The authors suggest that for such a strategy to be profitable, someone is required to trade on firms with small market capitalization. They also suggest that although the accruals’ mispricing seems to exist also in the UK, the transaction costs limit the profits to such an extent that the accrual anomaly could be difficult characterised as a challenge to the semi strong form of the efficient market hypothesis. Finally, we should not neglect to mention two papers that discourse on why the markets do not simply correct the accruals anomaly. According to the classical theory, markets are so imperfect that can produce the incentive to the market to correct the â€Å"anomalies† at any point of time. Mashruwala, Rajgopal and Shevlin (2006) examined the transactions costs and the idiosyncratic risk as possible reasons of why the accrual anomaly is not arbitraged away. The researchers aimed to investigate why the market does not correct the anomaly, but also to identify whether the low accruals firms are riskier. The paper poses the question of what stops the informed investors from taking long positions into profitable stocks according to the accrual anomaly so that they can arbitrage it away. The paper examines the practical difficulty of finding substitutes so that the risk can be minimized and its relation with the accrual anomaly. Additionally, the paper investigates the transaction co sts and findings support that according to the accrual anomaly, the profitable stocks tend to be the ones with low stock prices and low trading volume. Lev and Nissim (2004) focus on the persistence of the accr

City on a hill: A new nation is born :: essays papers

City on a hill: A new nation is born The city on a hill idea was first taught by the puritans that came from Europe, that wanted America to be a shining example to all the world. It was to be a place built on new rules and new ideas. Overall, it was supposed to be a nation that rose above all the others so that it could be marveled at and copied. In this paper it will be proven that the federalist approach to how the â€Å"City on a Hill† idea should be put into action was superior to the ways of the anti-federalists because of three things that they did:1. Protected the people from tyranny, 2. Provided opportunity, 3. Insured liberty, 4. Protected individual rights and liberty, and 5. Had a more lasting effect on the methods used for ruling our country. The federalists definantly protected the people of their country from tyranny. Before the federalists, the anti-federalists ruled the states, and they were very tyrannous. For example, they wanted all of the states to each take up a portion of the debt from the revolutionary war. This was easily payable by the larger states that had much industry, but for the smaller or less industrially developed states, this was a debt that they were just not able to handle. The federalists finally decided when they had the power that they would assume the debt as a part of a deal to move the capitol to Washington, D.C. This is just one example of how the anti-federalists tried to control the citizens while the federalists wanted to free the people and give them a chance to lead a free life. The federalist party definantly gave the people of the United States opportunity. The anti-federalists, however, did not. They not only jailed those in debt, but also they never set up a national bank to make loans so that people could cope with their debt. From setting up a national bank to helping people in debt, the federalists were able to lend money and keep people from being imprisoned for owing money. This allowed for the opportunity to grow and to expand to many of the peoples of the U.S. The federalists insured liberty by putting an end to being jailed for debt. While the anti-federalists put the law into effect that allowed people to be jailed for their debts, until the people were so tired that they staged a rebellion, the federalists got rid of this and set up the bank and took over state debts from the war.

The Ineffectiveness of the Film Ratings System :: Movie Film Essays

John Small, a fourteen year old boy in Uptown St. Paul, proceeds into the Suburban World Cinema, anxious to see Abel Ferrara's Bad Lieutenant. He is equipped with a parental note, replete with the phone number where his parents can be reached to verify that they did indeed author the note should its authenticity be questioned. John pushes seven crumpled-up dollar bills and the folded note into the metal dugout under the box office window, only to be met with a tinny, disinterested voice booming through the round silver speaker mounted on the window: "No children under seventeen allowed! Sorry. This note isn't gonna cut it." The incident exemplifies a pressing issue in the ever-topical discussion of the oft-vilified film rating classification system in our country. Is the movie rating system, originally designed to assist parents in guiding the movie-going habits of their children, actually preempting parental choice? To at least some people, however, Jack Valenti, the man responsible for devising the Motion Picture Association of America and the National Association of Theatre Owners, is leading the effort, as editorialist James Wall put it, "to protect children" (1227). Valenti wrote, "The voluntary Movie Rating System has one objective: to issue advance cautionary warnings to parents so they can make their own decisions about what movies their children should or should not see. No one -- appointed, anointed, or elected -- ought to insert themselves into individual parental decisions" (87). But the film classification system, designed to assist parents in making decisions about their offspring's film patronage, often thwarts that very purpose and, in the process, actually stifles the creativity and honesty of the film industry as well. Although Valenti and the Rating System's advocates claim that parents should have the final choice in what their children view, the system may, in practice, obstruct that purpose for parents who decide that their children should see some films. For films with the controversial NC-17 rating, the theatre is prevented from letting young John Small and his under-aged ilk from seeing a film despite his parents' permission. In fact, had John actually been accompanied by his parents, the theatre would have had every right -- some would even say responsibility -- to refuse his admission. The printing of the NC-17 rating often does not read -- as would be reasonable -- "Intended for Adults Only" but rather the more rigid "Not to be Attended by Children Under Seventeen.

A chiropractic office Essay

A chiropractic office lost all of its computer data, and I was hired for the amount of time that it would take me to type up all of their hard copies into their new computer system. It took me a total of two weeks to type up a three-foot stack of papers. The skills required were mainly typing and editing skills, and sometimes I had to be able to read the doctor’s handwriting. I felt that no further motivation was necessary regarding skill level, since I am a quick, accurate typist and I enjoyed learning about various alternative health remedies as I went along. I completed the entire stack of papers by myself, and I found the solitary work to be relaxing and enjoyable. I felt that my job was, indeed, meaningful since many of the papers were standard legal forms or alternative health information or recipes for kidney stones or other ailments. At any given point in time, I was either directly assisting the chiropractic office or the patients thereof. Since I was a friend of the chiropractor and a trusted member of the staff, I was given full autonomy to complete my assignment on my time, at my discretion and on my schedule. That motivated me to do a stellar job in a short amount of time. Afterward, everyone was impressed by the quality of work I did, but especially the short amount of time in which I did it. I felt satisfied and like I accomplished something worthwhile and in an efficient manner. Â  I will use this same chiropractic office as my next example. An example of strategic planning is when the chiropractor refers the patient to their next appointment, telling them what needs to be checked up on or corrected next time. In this manner, he is not leaving it up to the patient to decide, but recommending a timeframe for when they should return. In this manner, for as long as the patient needs his help, he is providing himself continuing clientele. An example of functional-level planning is when he hired me to type up his paperwork or hired a receptionist to take care of patient evaluation and scheduling of appointments. In this manner, he is allowing himself to give the patients his full, undivided attention which will heal them faster, and allocating other work responsibilities to other people. In this way, he remains organized and punctual. The differences in decision making between the chiropractor and, say, his receptionist is drastic. If the receptionist were to determine when a patient was finished with treatment, a patient could be over-treated or under-treated and lose a lot of money, which would be spread by word-of-mouth and cost the business lots of money. And if the chiropractor made it his responsibility to take care of the tax reports, he would spend hours away from his treatment table, when he could be taking walk-ins or checking the status of a patient’s healing.

Gender and Emotions: Different Gender Shows Different Emotional Behavior Essay

Based from my observations, men are more action-based while women are more verbal-based when it comes to expressing their emotions. Women tend to misunderstand men because men tend to keep most of their emotions to themselves. They usually express their emotions through actions. Women sometimes, if not regularly, ask the questions–‘how are you doing,’ ‘what are you thinking,’ or ‘why are you doing this/that’–when the one they’re talking to suddenly became quiet or, simply, just to start a conversation. Some men find it sweet in some way if a woman ask them these questions but commonly men find it a nuisance especially, when it’s been asked repeatedly. Women, even the quiet ones, are talkative when the topic of the conversation is about expressing emotions or, simply, share experiences. They always search for someone that would listen to them whether the person they found is a man or a woman. If a man were to listen, they would usually hold back their emotions while a woman is pouring out hers. In expressing emotions, men act while women talk their feelings. Firstly, what is gender? According to the Webster’s Dictionary of the English Language: International Edition, gender, as a noun, is the â€Å"classification of words†¦according to the sex of the referent† (Webster’s, 1994). Gender classifies a person or an animal as male or female. In human, it classifies the person as a man or woman, boy or girl, or, male or female. Mainly, gender is what differentiates men from women. Secondly, what is emotion? According to Kendra Cherry, a writer specialized in psychology, child development and education and author of the article â€Å"Theories of Emotion: Major Theories in Emotion† in Emotion, stated that, â€Å"emotions exert and incredibly powerful force on human behavior† (Cherry, 2005). This statement is true. What a person feels can affect the quality of the work done in the workplace or in the school. Emotions can also have its effect during a family time especially, when negative emotions arise. When such emotions occur, people start making mistakes, being absent-minded, ignoring a person’s call, and many more. According to the authors of the book, General Psychology: Fourth Edition, emotion is a â€Å"response† of the individual which â€Å"involves changes† internally and externally. It is described as a â€Å"complex process involving minute physiological, neural, and glandular changes† in the whole body (2004, p. 180). These state that emotions cause a process to occur which involves socializing with others to get a feedback from them. Once a feedback had been received, the body will be stimulated to show the emotion of the person on the topic or on the situation. To simplify what is emotion, emotion serves as a glimpse into a person’s behavior through the changes occurred or is occurring in the body. Lastly, what is emotional behavior? Based on the book, General Psychology: Fourth Edition, â€Å"†¦communicating an emotion like the use of the hands and body movements, and gestures; but people seem to pay greater attention to facial expression† (2004, p. 183). This statement states that any movement that the body does show the person’s emotion at that moment whether knows of it or not. The human body speaks of what emotion is being kept inside such as anger, fear, jealous, joy, lonely, love, sadness, and surprise. These emotions are characterized with recognizable gestures of the human body such as–in joy, smiling is a sign that a person is joyful; in sadness, teardrops will fall, and many more. To put it in short terms, emotional behavior is described as expressing the emotion through the use of the body or parts of it. In this research paper, comparison and contrast will be conducted between men and women on how they show some of the emotions mentioned before. It will enlighten the reader’s knowledge on how the opposite gender may react on specific situations. It will also give the reader a small glimpse into the emotional aspect of the opposite gender. This research paper can serve as a guide in dealing emotions not only that of the reader’s but also that of others. I. Anger Anger, according to Webster’s Dictionary of the English Language: International Edition, is an emotion that shows â€Å"rage or passionate displeasure† (Webster’s, 1994). This means that anger is an intense emotion which might result to injuries. Even though it is an intense emotion, it can be prevented. Men and women show anger in an almost similar way. They only differ in the time it takes for them to go destructive at each other. Whether the person is a man or a woman, anger can still be a dangerous emotion. From the Christian Community Bible: Fourth Edition, the verse, James 1:20, states â€Å"for human anger does not fulfill the justice of God† (Bible, 1990). This verse tells that if a person is nurturing anger, eventually, this will cause that person to commit a sin or, as people would call it, a crime. Once, my high school teacher, Teacher Beverly Sumpio, had said, â€Å"Satan’s minions take pleasure on people with negative feelings by manipulating and causing them to stray away from the path that God has chosen for them† (Sumpio, 2008). This quotation states that Satan’s minions don’t waste time when a person is absorbing a negative emotion because it’s like food and entertainment for them. When a person is angry, there is a great possibility that the emotion can’t be compressed inside. If this were to happen, expressing anger shows shouting at others, destruction of things, and even, hurting their selves or others. In short, anger is a negative emotion that may cause destructions. Through my observation, men tend to release their anger by acting them out like the scenes from the movies such as punching a wall, kicking garbage cans, and even to the extent of almost destroying his room. But, these are just on non-human things. Things may get ugly when people are used as punching bags for an angry man and even worst if women are victimized by this anger. But, here’s one thing, most men would feel much better after releasing their rage on something. If men were to feel slightly angry, then they can compress it to themselves and hide it until surpasses. Therefore, men express their intense anger by acting it out so that they wouldn’t harm themselves even more than that of expressing them. When it comes to women and their anger, women are more into talking or rather shouting them out. Based on my own experience, when women are angry with each other, they talk it out with each other. If the person who is angered upon is not present, talking about the anger that one has with other people is almost like backstabbing. After telling a few persons and giving time to calm their selves, eventually, the anger will subside. In a fiery conversation, women both cry and shout at each other. The worst case scenario in a conversation is that when women start to tag at each others’ hair and rolling over each other because of the anger they felt. When things get out of control, women would become destructive in a way like throwing anything they could reach anywhere, shouting from the top of their lungs, and possibly, causing to carry a grudge at the person angered upon. As much s possible, women avoid conflicts because it takes a very long time to forget about the anger completely. According to Dr. Israel Helfand, a Vermont marriage and family therapist and author of the article â€Å"What Lies Behind the Anger of Men? †, stated that when men were boys, they were taught that showing anger is â€Å"unacceptable† especially when a woman is present (Helfand, 1992). If a man and a woman are an gry at each other, at first, the fight will start by talking. Then, it will quickly develop into a fiery conversation where both of them started to shout at each other. When the man feels like he is losing the fight, he has two choices to choose upon–to walk out or to raise his hand. If he chooses to walk out then he is not only saving his dignity as a man but also saving the woman. Why is he able to save the woman? It’s because scars and bruises wouldn’t appear and her dignity as a woman will also be saved. In a fight between a man and a woman, the man usually acts as the off-switch of the fight because it takes more fuel to make a woman engaged into a destructive kind of anger than that of a man. II. Fear  Based from the Webster’s Dictionary of the English Language: International Edition, fear is the â€Å"instinctive emotion† when a person is faced by â€Å"danger, pain or evil† (Webster’s, 1994). This statement means that fear can be seen when a specific situation happens. An example is when a boy is chased by a barking dog. Instincts would tell him to run or be bitten. In the end, the boy would run as fast as he can to avoid being bitten because he knows that it’ll hurt when he gets bitten. Fear strikes when the human mind knows that something bad will happen. As a result, it will instruct the body to avoid that something. In short, fear is the emotion that one feels when one is threaten. When men are faced with something that they fear, they try to hide it as much as possible. They don’t want anybody to see them frightened because they’re afraid of what people would say especially, when women are around. People would say that the man is weak when he gets scared of things. That’s why they chose to hide it or face their fear even for a moment. Men fear many things. Commonly, when men are afraid, they look pale, shiver in place, stop moving and sometimes, deny fear but the tone of their voices give the int of fear in them. They are not exempted of having this emotion because of their masculinity or toughness. Aside from God, there are varieties of fear. There are men who are afraid of going into a relationship because they fear rejection and responsibility. In the presence of a woman, they certainly don’t allow themselves to show fear because the woman might be disappointed if a man is displaying this. Men are careful when to show their fear in something. But, phobias are understandable because even men can’t hide fear when this type of fear is faced. Therefore, even men are sometimes afraid. According to â€Å"ABC’s of the Human Mind† from Reader’s Digest, in a woman’s case, fear can serve as â€Å"a protective device† (Digest’s, 2006). Why? It is because women don’t like to be hurt so they avoid things that might hurt them. This may show that women are always thinking about themselves but the truth is that women are just taking precautionary measures. When faced by their fear, women would froze in place, would cry their eyes out, would look pale as a ghost, would hardly breath, would run or get away as they could, or, the most common reaction, would scream on the top of their lungs then panic might take place. Women are very careful in choosing situations. They think of the consequences and the out come of the situation. If the outcome is to be hurt full on her side then she would avoid that situation. There are women who also try to hide their fear by acting tough. But, the truth is that deep inside their scared to the bones. An example of this situation is when a mother and a daughter got kidnapped. Now, this situation is commonly seen in several movies. The mother would try not to cry in fear in front of her daughter while the daughter is crying pools of tears. In truth, the mother is as scared as the daughter. But, she can’t show it because she knows that crying would increase the fear that is felt by her daughter. Therefore, the mother would compress her fear and tell her daughter that everything is going to be all right even though it’s not. To simplify everything, women uses fear to protect themselves and others. Fear is an emotion that might be triggered suddenly. Like it was stated earlier, fear is instinctive. When in fear, the human mind may take control of the human body. It can cause the body to move whether you want to or not. In handling fear, men are better in hiding it while women react at the very moment by either screaming or panicking. Men are more composed while women may breakdown. In an unexpected situation, such as being held at gunpoint by a burglar, men are more likely to fight back because it’s how they react. Women, on the other hand, would gladly give the things that the burglar is asking for to avoid being hurt. Men are quiet about their fearful experiences while women tell theirs to others who are interested in hearing. Therefore, fear is an emotion that everyone feels when something bad is going to happen. Men quiet down while women chatter more. III. Jealousy Jealousy, as the Webster’s Dictionary of the English Language: International Edition defines, is a â€Å"state of fear, suspicion or envy caused by a real or imagined threat or challenge to one’s possessive instincts† (Webster’s, 1994). This definition shows that jealousy is a mix of several emotions. A person may feel jealous if something important is being taken away little by little. Jealousy shows up when it involves two persons generally in lovers. Men and women usually try to hide this emotion especially when there’s a relationship involve between the two since jealousy shows that they have little trust at each other and it may cause the destruction of the relationship. In other words, jealousy is born when the person’s possessiveness over something is at stake. In my observations, jealousy takes a toll in men’s emotional state. The most obvious cause of jealousy for men is the redirecting of attention of the woman he loves. If jealousy is mild then they try to hide it. But, some men cope by acting them out. Like swaying back and forth, walking away from the scene, or turning away. Another coping mechanism of men is the devotion of his time, effort and attention on something else just to take his mind off the things that makes him jealous. If the woman he loves is mingling with other men, regardless if these men are friends of his or not, and he suddenly changes his attitude and tone of talking, then chances are that he is jealous. To avoid a man’s jealousy, the woman he loves should mingle less with other men aside from him. If jealousy has already grown then stopping its development is to say simple ‘sorry. If the woman knows that the man is jealous because of her actions then she would mingle with him more. By noticing what he does, poking his tickle areas, making him smile and even to the extent of being annoying might be enough to make him forget the jealousy. By doing these things, it can give attention and a sense of importance which he longs for. These factors are no t fixed because it depends on the situation and the personality of the person involved. In short, jealousy is obvious in men but that’s from what I observed. Based from my observations and experiences, women can be jealous because of many things especially, when their husband or partner is involved. When men ask permission from their wife or partner to go out with some friends, women would usually say these statements: ‘sure, go ahead,’ ‘okay, I understand,’ or, ‘it’s your choice. ’ They’re all positive statements but hidden behind those words is the irritating feeling of jealousy. Having your husband or partner spending time with someone or something else is very irritating to the nerves. But, no matter how much women hide their feeling of jealousy, it still can be seen in their eyes. They know this, therefore, they try to avoid eye-contact and make themselves busy with other things. A woman’s jealousy can go away as quickly as it came by simply noticing what she has been doing, or, for a more effective result, by spending quality time with her. Making meals for her, cuddling her, or whispering sweet words in her ears would be the right mix of things to do to make her forget about her jealousy and, possibly, make her fall in love again. Women like these things because it makes them feel important. Then, every problem during the day would just go away within seconds. But, take note, don’t let the jealousy stay too long because develops through time. Therefore, the longer jealousy stays, the harder it goes away. That’s according to my observation but, like I stated earlier, it still depends on the personality of the person. According to Dr. Gail Saltz, a psychiatrist, she stated in her article â€Å"Jealousy: Is It the Same for Men and Women? † that â€Å"jealousy is an emotion all of us experience at some point in our lives† (Saltz, 2006). It’s true that all men and women experience jealousy whether it’s obvious to the eyes or not. Women would try to hide their jealousy by focusing on something else or by agreeing to what their husband or partner is trying to ask permission for. Men, on the other hand, are almost the same as women when they get jealous but their jealousy is somewhat obvious in some way. Therefore, men and women express jealousy in almost the same manner. IV. Love As the Webster’s Dictionary would show, love is â€Å"a powerful emotion† that one feels for another and develops with â€Å"deep affection, devotion or sexual desires† (Webster’s, 1994). This statement has been portrayed in many movies. Many drama or romantic movies portrayed love as the most powerful thing in the world and this is true. Love can either be a bad thing or a good thing in a person’s life. Having someone who inspires, motivates and cherishes you can cause you to improve your performance in work or in school. That’s the good thing about love. The bad thing is when you fall out of love. When you devoted most of your time and effort into your relationship then suddenly your relationship would fall apart, you might give up on things like school, work, family, and even to the point of giving up on living. Based from my high school teacher, Sir Oliver Samson, he stated â€Å"†¦don’t give a hundred percent in loving someone. Leave some for yourself†¦Ã¢â‚¬  (Samson, 2010). This statement means that you should also love yourself even not in the same percentage as you give to your partner. Because, loving yourself serves as a back up plan when your relationship would breakdown. In short, love is powerful that has good and bad effects. As stated before, men are action-based. They won’t say that they’re in love with a woman until they’re sure of it. But, before they confess their love, some simple signs would arise. Like getting jealous when the woman he loves is spending time with other men, trying to corner the woman to spend some quality time with her, joking around when in fact telling the truth, asking questions to the woman even though is not needed, giving his time when needed by the woman he loves even though he is very busy, doing just about anything to get noticed by that woman even to the extent of looking like a fool in front of everyone else, and sometimes, shying away when that woman comes close. Women find it difficult to tell whether he is serious of what he is saying especially, when he is a comedian type. A line from an anime series, Solty Rie, stated, â€Å"All jokes are composed of half true and half false. † This line is somewhat true because even a comedian puts some truth into his jokes. According to a friend, Jane Marie Tamayo, she quoted, â€Å"†¦even the smartest man can become a fool when it comes to love†¦Ã¢â‚¬  (Tamayo, 2006). What she stated was true because, like it was stated before, love is powerful. It can change a person completely. Love can turn a bad man into a good one. The change can be noticeable. An example of this change is when the man is smoking then he suddenly stops doing it because his wife or partner told him it’s bad for the both of them. There are men who do what their wife or partner told them to do. This is where what Sir Oliver Samson, my high school teacher, had said comes. â€Å"Treat your wife like a queen and she will treat you like a king† (Samson, 2009). This statement also shows that a man shows his love by giving his service to the woman he loves. By doing this, it also displays his devotion to her and to their relationship. Therefore, when men express their love, they show it and later on, they say it. In the topic of love, women, on the other hand, say that their in love with someone. They would usually tell it to their female friends first. Men, relationships and the love life of others are the most common topic that a circle of female friends would chatter about. This doesn’t mean that women are noisy about other people’s life. It only shows that women especially, those who are single, are searching for Mr. Right. But, this search isn’t a walk through a park. It’s like searching for something that you know it’s one in a billion. Even though that this search is that difficult, all women hoped for a fairytale love story as their love life. There are some women who think of love as nothing. But, the truth is that they too hoped for this kind of love story once in their life. They just haven’t found their story yet or they got hurt in the process of finding it. When a woman is in love, she would devote her time and effort to the man she loves and doesn’t expect to receive anything in return and sometimes, shows concern like a mother. Always wanting to know what he might be doing and if he is thinking of her. Some would shy away. Others would deny it but it’s plain to see that she’s in love with him. Sometimes, women act differently if that special guy in around. A good example of this statement is when a woman with a strong appetite would suddenly become unable to eat or become a slow eater when the guy she likes is in front of her or staring at her. Nowadays, the statement ‘I love you’ can be said to almost everyone. But, for women, there comes a time when saying ‘I love you’ to someone will become difficult to say or it can be said but only once to a specific person. To sum it, women say it and may act it but there are some women who would say that there in love although they can’t show it because they may not know how. So when a woman says ‘I love you’ to a man that she loves and really meant it, it can be seen in her eyes that she meant what she said. Love is a complex emotion. People can become fools because of it. When a man and a woman are in love with each other, they experience joy in having to see each other smile. But, why do many love couples experience break ups? One reason is the happiness of one of the said couple. This statement is applicable when one of the said couple is showing more sad expressions than that of happy ones. To further explain this statement, here is an example. A couple is spending some quality time together but one of them is not enjoying as much as the other. Let’s say the man is the one who is not enjoying much. The woman with him would think that ‘I’m boring to be with,’ ‘he’s not enjoying,’ ‘I guess he doesn’t like me anymore,’ or ‘he deserve someone better. These ideas not only pop up in the minds of women but in men as well. Most break ups are hurtful because the way of explaining is not clear even though the intentions are good. There are people who are satisfied in just loving someone from afar. They’re the ones that would sacrifice their own happiness just to see that special someone happy. In short, men are into showing the love th ey have while women are more telling their love. Conclusion In the emotions that had been discussed, men are more on showing than women. Women, on the other hand, are more open which means that they are more into talking. The time span that the emotion becomes noticeable is also different like in the first chapter, anger. Women are noticed immediately when angry but they are all talk. Men shout as well when in anger but they go destructive much quicker then women. In the second chapter entitled as fear, men are more skillful in hiding their fears or their experiences of it than women. Women would show fear and after experiencing it, they would talk about it. The third chapter which is jealousy is a very interest topic to tackle. The most common reaction of a jealous man is the sudden change in attitude. In women, it’s denial. The fourth and last chapter discussed was titled as love. Men don’t say but show that’s why women are sometimes get confused of what they might be doing and for what reasons. Women, on the other hand, normally say it and sometimes they put it as a joke but it’s really true. Like I stated in the beginning of this research paper, men are action-based and women are verbal-based.