Toward a Run - Free Financial System

Question: Discuss about the Essay for "Toward a Run - Free Financial System". Answer: Introduction This report is based on the research made by John C. Cochrane on the title Towards a Run free financial System. In this report I am going to discuss the research and analysis made by John C. Cochrane who presented his strong views on a Run free financial system. He has defined financial crisis as a systematic run and the central regulatory system should be able to remove the run prone security from the financial system. He has strongly condemned the current the current regulatory structure by addressing it as hopeless. As per his opinion it is very simple to eliminate the runs and crisis which can be done with the rule based and simple liability regulations. He has also emphasised on the use of modern computational and financial technologies which can overcome the narrow banking. Through his research, he has suggested the application of Pigouvian taxes which offers a better structure for controlling the debt issues as compared to the capital ratios. He further added that the financial institutions should be 100% funded by the equity so that in the case of debt or run the investors or a financial institution does not face run or crisis. In this report I am going to discuss run, run prone assets, stopping runs, policies to handle the financial crisis and recommendations will be made as per the feasibility of the solution. John C. Cochrane in his work acknowledged one of the culprits of Financial Crisis occured in year 2008, which was the influential shadow banking system and did not rely on the bank deposits. Also he proposed a tax on the issue of any risky short-term debt (Havemann, 2009). Cochrane admitted that his proposed system would not have been possible in the 1930s- but with the latest technology, the customer can make the financial transactions by using profit from the money markets and exchange the traded funds without relying on the liquidity of a bank. Under the proposed banking system of Cochranes, the banks would still be allowed to arbitrate the financial transactions and act as broker-dealers or custodians customarily. He defined, Financial crisis as a situation in which the value of financial assets and institutions fall down rapidly. Such situation of financial crisis arises due to run on the banks or chaotic situations in which the investors withdraws their saving accounts and sell off their financial assets with the perception that their price may fall down if associated with the financial institutions . The author conducted a research to propose a run free financial system for which he analyzed the shadow banking run, systematic run, causes for a run, how a run can be avoided, how a run can be stopped and what are the real effects of the run. It seems that implying the Runs and Run Prone Assets policy is a good idea. It basically reflects a situation of fractional reserve, where the banking system holds a large number of customers withdrawing their saving bank accounts and financial assets from a financial institution which they expect may face a financial crisis or become insolvent in the future is termed as Run. John C. Cochrane in his work presented the views on Run, characteristics of run prone security and run prone contracts, such as Demand deposit. The short maturity promises for a fixed value does not come under a run prone contract. He stated that if a financial institution is able to meet the demand of the creditors by selling his assets, the run cannot be developed (Cochrane, 2014). It seems to be certainly right that the chances of bankruptcy are less when the 95% of the finance to the institution is provided by the Equity which states that Run needs a large amount of fund is provided by the run prone security . Real effects The crisis may show real and strong effects, when the whole financial status of an economy is disturbed. There are two factors which hold a large macroeconomic effect and may be the possible reason for financial crisis i.e., Financial constraints and Aggregate demand. As per his point of view, financial constraints may create the gap which makes a healthy economy starved of the appropriate funds. I believe that the revenue when earned should be recorded that very time. Because, it is not so essential to collect the revenue initially and then record it further. Also, it is not important to receive the revenue to record it in the books. The revenue is entered into the books of accounts either when it is realized or realizable. When the products are sold the revenue becomes realizable and it can be entered into books and it is not important to let the transaction fully take place. But when the sale is made, it is significant to note that the ownership should be transferred first and then revenue becomes realizable, only then it is recorded in the journals. There are different rules of different entities, for example, some entity record the revenue during the production stage, some recognize it after production stage and before the sale is actually made. But some entities only record it when they get the cash and only after that the final statements are recorded (Cowen, 2014). Stock Again John suggested a solution for handling systematic runs in which he proposed a solution that the financial institutions should be funded by the Equity as Common Equity is immune from the run as per his opinion in terms of stock again. Another example of run proof intermediary is an exchange traded fund (ETF) which means funds cannot go bankrupt when the value of assets falls. It is to be noted that the transactions which can be expressed in monetary form shall be recorded and communicated. The issues which cannot be expressed in monetary units or the transactions, there are other methods for their expression, but financial areas are covered by the accounting system and which can be mentioned in form of currency. One important thing of this assumption is that due to inflation, the purchasing power of the currency is lost with time but here in recording the statements in accounts books we move with the presumption that unit of currency is stable in value. It is also known as stable dollar presumption. But when there are cases of hyperinflation, this strategy doesnt work and figures are required to be changed or adjusted. These kinds of situations come less often. For Example: The plant and machinery of the company in 2010 balance sheet were to $10 billion. In 2011, the inflation rate was 15%. Due to this monetary unit assumption there was no adjustment made in the prior or current figures. Capital Regulation The entire discussion of the author has been evolved around the analysis of runs and crisis and how they could be stopped; another important issue which has been discussed by the author is raising the bank capital. There are a number of steps suggested by the author which can help the bank to increase its capital which has been listed below: The first step is to eliminate the distortion sponsored debts mainly the short term debts. It is important that debts should be subsidized and its use should be condemned. The next target is dividends versus tax deductibility of the interest payment. The money market funds such as intermediaries are required to hold the debt for the short term as it carries the lowest risk weight for the bank (The World Bank Group, 2014). An increase in the demand for the run prone assets encourages the supply by intermediaries which may result in the financial crisis which needs to be controlled. It is very important for a company or any other entity to give full disclosure of its statements to the creditors or the public at large to make them know the true financial position of the entity. It is important because it helps the public to take decisions and invest in the company or entity. This helps to disclose all the relevant reports and statements. These statements depict a clear picture of all the accounting policies of the entity and the records of the revenues as well as details about the property that is how it is depreciated and information regarding other items for example income taxes, dividends, inventory etc. The creditors take decision of providing credit to the entity only on the basis of the financial statements of the entity. It is important for the entity to record true information and provide to the public a true picture of the entity and no window dressing should be done. There should not be any fraud by the entity on the creditors, investors or public. The judgment of the people is based on these records and on the basis of this information the investors enter long term projects with the entity. So full disclosure of all the information is very imperative and useful as well For Example, A company named Paul Real Estate, purchased one acre of property and after two years a man accidently slipped on that piece of property and met with many injuries. The man sued the company for negligence and the suit continues for three years. It is important for the company to disclose this in the statements. Run Free Financial System A comparative analysis has been made by the author of his views on the run free financial system with the views of Dodd Frank on the same. He has summarized his opinions related to the financial crisis and the reasons that may cause a run in the financial institution and how it can be avoided. John identified the systematic run as the reason for the financial crisis, but Dodd Frank, was unable to actually find the root cause of the run or crisis in a financial institution. It seems that he did not define, any specific reason due to which financial system fails (Caballero Farhi, 2016). Moreover, he did a very less work in order to improve the financial situation. He just focussed on the dangerous institutions which may probably affect the economy of the country. It should be noted that the resolution and macro prudential policies which are proposed by Dodd Frank just focussed on fire fighting and provided tools for managing the crisis. But, on the other hand, John work was only based on carrying out the detailed analysis of the cause of the problem, how it can be avoided, stopped and what measures could be taken to handle the financial system to make it run free. So, the other issues have been missed out and thus, the causes for that needs to be assessed and corrective actions should be taken accordingly. Fixing Bankruptcy Witnessing the economic conditions, it is vital to propose the regulations to fix the bankruptcy for which a systematic banking system is required which should be backed up by the equity. Moreover the loss of a financial system should be handled in such a way that it does not affect the investors personal stakes, business and the countrys economy (Team, 2016). There have been a number of proposals given by some authors (French et.al, Hart Zingales) which suggest that the debts under some circumstances can be converted into equity. John in his work has presented a basic difference amongst the financing a large portion of bank assets and short term promises in market making, matched book, loan generation and other bank activities. It is important to detect the hidden run prone financing through regulations and it is easy to track in comparison to capital regulation, current asset regulation and stress testing. I believe that the activities related to business which are to be entered in the books of accounts will remain separate from the personal activities of the owner. It provides that the separate records should be maintained of the accounts of the business as well as bank accounts should also be separately maintained. There should not be intermixing of the assets of the owner with the assets of the entity and same goes with the liabilities. The transactions of the business should be related to the entity and not to the owner. The entity can be partnership, governmental agencies; sole proprietors etc. The transactions of the business should always be considered important over the personal transactions of the owner or owners. It is originated that a separate record should be maintained on a daily basis to avoid any confusion and these records are very essential for the future references and are considered to be important documents for the goodwill of the entity. So, it is very important to effectively set up these records. For Example: Mr. Gopal, a partner in The Times Square, pays off the price of his personal items through the credit card of the company. He says that these are not personal expenses, but is business expenditure because he should wear good new clothes to look good for the clients. But this is not a business, but a personal expense and cannot be recorded in accounts books. Current Policy Run and crisis have been a part of the financial system, but it needs to be managed so that it does not affect the countrys economic stability. A set of rules and regulations needs to be proposed that will manage the situation in case there is the probability of crisis and runs. As discussed above the flaws in the existing system is responsible for the financial crisis that a country had faced, there is a need to form new policies with the help of modern communication and computing technologies (Mathiason, 2008). The information which is important for financial statement should be definitely recorded, because it will decrease the flaws of the system. When the information is important for the company, it automatically becomes important for those who would like to invest in the company or for the creditors who would like to give credit to the company. This varies from entity to entity. The information which is relevant for one entity may not be relevant to the other entity. Sometimes, a piece of information which is material for short scale information may not be important for a large scale enterprise. The expert personnel are appointed to judge whether the information is relevant or not. The relevancy of information may be judged on various attributes and the quality of information matters and not the quantity of information. This information is important for those who are interested in entity and the users study every detail of these statements so these statements should be properly and systematically maintained. The details as to how the events which h are uncertain are to be recorded. It was suggested that the records should be maintained by recording the minimum to minimum profits and not exaggerating it and it is to be done by making records of losses or the expenditure which is uncertain and not the uncertain gains. Overestimation of the records, provide a wrong picture of the company to the persons who are interested in investing in the company or who wish to deal with the company. The minimum profits and maximum profits should be recorded as this provides true information to the users and does not promote the window dressing. It means that, it is safe to record the revenues when they are actually earned and till then the minimum amount should be recorded. Other ways out John C. Cochrane has also emphasized on the run free financial system which means protecting an economy or a financial system from the crisis and run. He has suggested the best solutions through run can be avoided and stopped as well, which have been discussed below (The George Washington University Law School, 2014). It is evident that Run affects the financial institution as well as the countrys economy, which are an identifying feature mentioned in some contracts being issued by the intermediaries. When the reason for run lies in the contract it is better to fix them with some regulations and use of run prone contracts should be strongly discouraged. As per his opinion, the commercial banks should be financed by equity, which will help their institution to be protected against the run and crisis. With equity the investor claim will float freely and they will have no claim on the financial institutions which will protect the institution from bankruptcy. Pigouvain Tax, as a strategic effluent fee is evaluated against the business and private individuals to be engaged in the specific activity. This type of tax is generally used to discourage the activities which impose a net cost of manufacture on third parties which is called as a negative externality. John has favored the implementation of these taxes, as it is better than quantity controls in a number of areas of regulations and will also dispel the critics who lead the economic requirement of short term debt financing. Also, the demand for safe and liquid investment made by the investors is satisfied by the short term debt. Such debts are supplied by the financial sector by holding the positions in risky assets such as securities and loans which are funded by the short term debts. The author has investigated the need for fixed value assets, liquid, money and money, such as securities when the people these days are already using the modern technology for sale and purchase. Recommendation After an analysis of the research made by the John C. Cochrane I totally agree that the insolvency is the main focus of our attention. Modern banks are over-selling the safe asset, and the bank accounts need to be structured in a better way so that there is less risk of insolvency. Now, another problem of them being too correlated to fail a financial downturn affects the system as a whole, which leads to bailout and crises. There are certain recommendations that have been made to make a financial system run free which is discussed below: If the banks are insured against the macroeconomic risks, bank problems will be less correlated and there will be a less moral hazard. The regulations related to the financial system should be altered after a period of time. The use of modern communication and financial technology should be promoted to make the banking free from the run. The financial institution should be funded by equity which will help them to get a protection from the run. The intermediaries contract which is prone to run should be avoided and their use should be strongly condemned. Innovation in the financial institution is required to handle the issues in an effective and efficient way. Certain measures should be taken against all the processes carried in a financial institution. Development of prudent monetary and fiscal policies, better regulation of the financial sector, which includes the reduction of the problem of too-big-to-fail the banks, and development of effective macro-prudential policies is required. Despite the new regulations and good supervision, crises are probable to recur, in part as they can reflect the deep problems which are related to the political economy and income inequality, and human behaviour. One of the most natural objections which are expected from a bank is to convert the maturity and risk, create liquidity, lend long and risk and borrow short and safe. This is one of the most important functions which must certify that the safety of the assets of the people. Though, maturity and credit risk cannot be removed completely, but it can be altered and modified suiting to the demands of the customer. So, investing in such function should be avoided. The Safe assets have been utilized as a trustworthy store of value which also aids the capital preservation in the construction of a portfolio. I think that it is being a key element in the discreet regulation and safe assets would probably help the banks in providing the mechanism for improving the liquidity and capital buffers. As a point of reference, the safe asset certainly extends the support for the pricing of other risky assets. Ultimately, the safe assets are considered as a critical element in the operation of the monetary policy. (Gorton Ordonez, 2013). As per the whole assessment, implying the capital regulations and implementation of Pigouvian taxes, is better than maintaining quantity controls in a number of areas of regulations. From his point of view as well, this will probably dispel the critics who lead the economic requirement of the short-term debt financing. Then, there are certain objections which have been discussed, including demand and supply of the safest assets, credit supply and fixation of bankruptcy. I believe that all the above mentioned points can assist in developing economy free from the run and financial crisis. Conclusion This report is based on the research and analysis made by Professor John C. Cochrane on run free financial system. In his research work he has conducted a detailed analysis of the financial system, causes for a run and financial crisis, how the run and crisis can be avoided and tackled, and the real effects of a run, analyzed the current policy and objections and made a comparative analysis. A run free financial system has been viewed in the context of financial technology and modern communication. An analysis has been made on the objections which includes the demand and supply of safe assets which is a preventive measure taken by the investors, credit supply to ensure the investors with safe assets and possible methods have been suggested to control a bankruptcy. Further the current policy with rules and regulations have been examined to ensure the run free financial system which includes the deposit guarantees, innovation in the financial system, being competitive in the market and make the market more fragile. The analysis made by Prof. John C. Cochrane which has been critically analyzed with the necessary recommendations that ensure the financial system free from run and crisis. References Caballero, R. Farhi, E., 2016. Safe Asset Scarcity and Aggregate Demand, Available at: https://economics.mit.edu/files/11333 Cochrane, J., 2014. Toward a run-free financial system: University of Chicago Booth School of Business, Available at: https://faculty.chicagobooth.edu/john.cochrane/research/papers/run_free.pdf Compliance Alliance, 2016. Federal Banking Regulations: Up-to-Date Bank Regulation Tools. [Online] Available at: https://www.compliancealliance.com/laws-regulations/federal-bank-regulations Cowen, T., 2014. John Cochrane on taxing debt, or toward a run-free financial system, Available at: https://marginalrevolution.com/marginalrevolution/2014/04/john-cochrane-on-taxing-debt-or-toward-a-run-free-financial-system.html Gorton, G. Ordonez, G., 2013. The Supply and Demand for Safe Assets: Yale University and NBER, Available at: https://www.sas.upenn.edu/~ordonez/pdfs/SDSA.pdf Havemann, J., 2009. The Financial Crisis of 2008: Year In Review 2008, Available at: https://www.britannica.com/topic/Financial-Crisis-of-2008-The-1484264 Kodres, L., 2013. What Is Shadow Banking?. 50(2), Available at: https://www.imf.org/external/pubs/ft/fandd/2013/06/basics.htm Limited, T. E. N., 2014. Narrow-minded: A radical proposal for making finance safer resurfaces, Available at: https://www.economist.com/news/finance-and-economics/21603431-radical-proposal-making-finance-safer-resurfaces-narrow-minded Mathiason, N., 2008. Markets credit crunch banking 2008. Three weeks that changed the world, Available at: https://www.theguardian.com/business/2008/dec/28/markets-credit-crunch-banking-2008 Pleticha, P., 2016. Nowhere to run: designing a run-free financial system, Available at: https://smalltalkeconomics.com/?p=145 Team, P., 2016. The financial crisis happened because banks were able to create too much money, too quickly, and used it to push up house prices and speculate on financial markets, Available at: https://positivemoney.org/issues/recessions-crisis/ The Economist, 2016. How shadow banking works, Available at: https://www.economist.com/blogs/economist-explains/2016/02/economist-explains-0 The George Washington University Law School, 2014. Toward A Run-Free Financial System, Available at: https://www.gwsba.com/org/fleaf/toward-a-run-free-financial-system/ The World Bank Group, 2014. Can We Prevent Financial Crises?, Available at: https://www.worldbank.org/en/news/feature/2014/02/26/can-we-prevent-financial-crises

Emt Essay Essay Example

Emt Essay Paper Vital Education We go to the hospital because we want to get better, but sometimes healthcare is needed before we get to there. When a 65 year old man has a heart attack at his house, when two cars are involved in a serious traffic collision on the freeway, and when a child is drowning after swimming in the pool, all of these individual may be dead before they ever arrive to the hospital. All of these situations stated above would require the emergency health care system which can also be labeled as prehospital care. Its employees range from paramedics, fire fighters, to lifeguards, and everything else in-between. Its singular goal is to protect and to provide citizens with the best prehospital healthcare. These citizens are known as patients who can be put in two categories: trauma and medical. Trauma patients are those who have any physical damage to the body, some examples are traffic collisions or a gunshot wound. Medical patients can be stated as any patient who is sick from an illness such as diabetes or a heart attack. There are many treatments a patient needs before they even step foot in a hospital such CPR, breathing assistance, epinephrine shots, spinal stabilization, and many more. Before any person can learn these techniques, they must first master three fundamentals of the emergency medical system. Education is important in the emergency medical system because workers must know the basics of vital signs, patient assessment, and treatment. Vitals signs are required to know in the medical field because they are insight to what is happening to the body, gives you a guideline to assess, and they all relate to each other in a specific ways. There are five central vital signs taught: the pulse, blood pressure, the skin, pupil reaction, and respirations. We will write a custom essay sample on Emt Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Emt Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Emt Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The blood pressure in simple terms is the force on the arterial walls when the left ventricle pumps, which is ready by two numbers. The first number, systolic blood pressure is defined by the American Heart Association as â€Å"The top number, which is also the higher of the two numbers, measures the pressure in the arteries when the heart beats (when the heart muscle contracts)†. The second or bottom number, known as diastolic blood pressure, is the pressure of the heart atrial walls between heartbeats (American Heart Association). Blood pressure typically rises with age. The next vital sign is the pulse, which in essence can be explained as â€Å"The pulse is one of the quickest vitals to change and one of the most important to obtain during initial patient assessment† (Penwell). It is usually read for a minute. For the skin we determine the color and temperature. The skin is warm and pink, and if it is cool, cold, or hot it is considered abnormal. The fourth vital sign is the bodies’ temperature. An adult’s body temperature is 98. 6 degrees. The final vital sign is respirations. It can be defined by EMS world as â€Å"In order for a patient to be breathing adequately, he must have a respiratory rate that is adequate and an adequate tidal volume† (Mistovish). All the age groups have different vital signs for breathing. Not everybody breathes the same rate. For example, infants and young children breathing will occur between 20 and 60 breaths per minute, which is a much faster rate than in an adult. Vital signs offer us a view of the body physiology. Most adults fall under the same umbrella for vital signs. The average adult blood pressure should normally be 120/80(American Heart Association). The pulse for any adult is between 60 and 100 (Fire Engineering). The normal temperature for the human body is 98. 6 degrees Fahrenheit. Also according to Penwell, the normal ranges for breathing for the adult patient are 8-24 breaths per minute. In accordance, the chest should have full tidal volume, while also having clear lung sounds when being auscultated. Vital signs offer us an important part of the picture that the patient assessment can complete. Every patient will receive a patient assessment from one of the following: SAMPLE history, OPQRS assessment, or the Glasgow coma scale. Ryan Gloman describes SAMPLE patient assessment as â€Å"The SAMPLE history can be used on the scene of an incident and it can also be used in the emergency room after the patient has been transported. In fact, the patient will usually be questioned several times on the same topics by different individuals. This assures that the health care providers will get a clear picture of the problem†. The letters in SAMPLE stand for Signs and symptoms, Allergies, Medications, Pertinent History, Last Oral Intake, and Events Prior. Another acronym used in the prehospital setting is OPQRST. This acronym can be summarized as, â€Å"OPQRST comes in handy. Its a memory aid to help EMTs ask the questions they should ask a medical patient about signs and symptoms†(Heavenly Manna). The â€Å"O† stands for onset, as in when did the pain occur. The â€Å"P† stands for provoke asked as did anything provoke this pain. While the â€Å"R† stands for radition, as where is the pain radiating throughout the body. The letter â€Å"S† stands for severity, which is asked on a scale of one to ten to describe the pain. Q is the quality of pain, in where you ask the patient to describe the pain. The last letter T stands for time, where you ask the patient how long the condition has been going on. One of the most useful tools for assessing the mental status of a patient is the Glasgow coma scale. It is the â€Å"The Glasgow Coma Scale is based on a 15 point scale for estimating and categorizing the outcomes of brain injury on the basis of overall social capability or dependence on others† (Traumtic Brain Injury). There are four tiers a patient can fall under according to Glasgow coma scale, Mild (13-15), moderate disability (9-12), severe disability (3-8), and vegative state (1-3). The three categories to score under the Glasgow come scale are motor response, eye opening, and verbal response. The next step after patient assessment is treatment. Vital treatments which are common for any patient is oxygen therapy, spinal immobilization, and CPR. According to Mike Smith, twenty five percent of all calls are related to a form of respiratory distress. Generally, oxygen will benefit all patients who receive this therapy. Cardiac arrest, respiratory arrest, and major trauma are just some examples where oxygen therapy would be needed. To be illustrated, a few ways oxygen can be applied are with a nasal cannula, nonrebreather mask, and a bag valve mask (Smith). Another common treatment option is spinal immobilization. A few signs and symptoms for spinal cord injuries are tingling sensation of the extremities, extreme pain in the neck, back, or head, and the partial or complete loss of control over any part of the ones body (nspnvt. org). When a spinal injury is suspected, a patient must be fully immobilized. The Cochrane Collaboration summarizes this process as â€Å"Spinal immobilization involves the use of a number of devices and strategies to stabilize the spinal column after injury and thus prevent spinal cord damage. The practice is widely recommended and widely used in trauma patients with suspected spinal cord injury in the pre-hospital setting†. Damage to the spinal cord causes long term disability, for this reason such care is given to the immobilization of the spine. The main the method of spinal immobilization is through the use of splints and backboards with secondary devices such as cervical collars and straps (Cochrane Collaboration). Additionally, CPR is one of the most important techniques that every EMS worker must know. When the body can no longer breathe and pump blood for itself, CPR is needed. CPR is the acronym for cardio pulmonary resuscitation. Doctor Joseph Sciammarella states that earlier CPR is given, the greater chance of resuscitation is. CPR stalls the process of dying by allowing oxygenated blood to travel through the body while oxygen is being ventilated into the mouth and lungs (Sciammarella). When a 65 year old male patient suffers a heart attack and he has stopped breathing, it is important for that individual to receive immediate CPR so that he can make it to the hospital where his greatest chance of survival will be. When two cars on the freeway are involved in a traffic collision, chances are that someone in those two cars will receive have to receive spinal immobilization. When a little girl at a swimming pool party is drowning, immediate CPR is needed to save her life. Everyone stated above will have benefited from the emergency medical system. For this reason is important that every emergency medical system employee know have the education of their vital signs, patient assessment, and treatment. To make sure the 65 year old man comes home to his worried wife. To make sure the victims of the traffic collision come home to their families. To make sure that little girl’s life is not cut short.

How To Choose The Best Essay Sample Food - The Dipper

How To Choose The Best Essay Sample Food - The DipperAre you a college student that is looking for food dippers essay samples? Your lack of experience will be the reason behind this. You can become a writer if you use the right essay writing service and practice lots. To get a hold of the best quality food dippers essay samples, you must seek for the best professional writers who have been writing about food since long.It is important to hire the best writers because your essay samples will be for your fellow classmates and even your parents. Most of your relatives will have eaten the food you wrote. This will give you a clear idea as to how you will write the essay. Since your relatives are the ones that will be eating your essay samples, it is of utmost importance that you include food topics in your essay. Hence, your writing samples should be relevant to the topic.So where can you find these food essay samples? You can find these food dippers essay samples in colleges, schools, c olleges/universities and on the internet. There are countless sites that provide essays with food themes and examples for such.Since there are so many websites offering these essay samples, you must choose the best one for your purpose. The best thing about doing so is you can search for sample essays online. So, it is wise that you avoid giving up once you have found a good site for your needs. There are sites that are scam artists and they also give you lots of excuses for not delivering the essay samples.You can save yourself from this inconvenience by going to sites that have different kinds of food themes and sample essays. These sites offer these samples in English and other languages. The key thing is you must be able to speak in the target language to be able to understand and apply these essays.You should know that food essay samples are very difficult to produce. Hence, you should make sure that you take the best writer possible for this task. Though the sites offering ess ay samples do charge extra for delivery, but it is always worth it to get the best one for your needs.Food essay samples are considered to be very important in college. Because they are used in the various entrance exams, you should try to avoid any mistakes or grammatical mistakes in your food samples.It is therefore important that you only use well-written and convincing food dippers essay samples for your assignments. If you are not comfortable with doing this, then it is fine to leave the job to the writers. These writers are mostly a professional lot, which means that they are highly skilled in their respective fields.

The main purpose of the Panathenaia was to show of the greatness of Athens Essays

The main purpose of the Panathenaia was to show of the greatness of Athens Essays The main purpose of the Panathenaia was to show of the greatness of Athens Paper The main purpose of the Panathenaia was to show of the greatness of Athens Paper I disagree with the statement above. Primarily, the main purpose of the Great Panathenaia was to in the same as in the Lesser Panathenaia. The Lesser Panathenaia sought to honour the deity Athena by the means of a procession which started at the Diplyon Gate and headed through the city to the Acropolis. To honour Athena, the Athenians sacrificed many cows and sheep. The peplos was made by the women of Athens Polias in her temple. The Lesser Panathenaia also had many sporting events like traditional dancing, boat racing and a torch lit race, etc. The Lesser Panathenaia was a local event, in which only Athenians could take part, so they could not have been possibly be showing off their greatness. Later in 566 BCE, the Athenian tyrant Pisistratos expanded the Lesser Panathenaia into the Great Panathenaia, which was modelled on the Olympic and Pythian Games. The new sporting events introduced from the Olympic Games included running, equestrian events such as chariot racing and the pentathlon. The musical events included rhapsodes (reciters of poetry) retelling passages from Homer’s Odyssey and Iliad. There were also competitions for who could best play and accompany the lyre and aulos. As a result of these new events being introduced, new introduced and spectators began to come from all over the Greek world. Some also argue that in the Great Panathenaia, a very large peplos (robe) was made foe Athena Parthenos. The aim was the same, however if an additional peplos was made for Athena Parthenos in the Great Panathenaia, then in that year the Athenians had expanded their festival to honour both Athena Polias and Athena Parthenos. Athenians themselves were not trying to show off their greatness, instead the effects of the expansion of the festival made it seem that way. The introduction of new events, attracted more participants and spectators, who saw the wealth of the Athens, which by reflected in the new grand festival. They also saw the great architecture of Athens, and in particular by looking at the new temples which were recently built in the 5th century BCE, such as Parthenon on the Acropolis. The prizes of the events also increased Athenian prestige, such as amphorae of olive oil. They gave olive oil because Athena’s present to Athens was an olive tree and by giving the victors olive oil, they kept the tradition. However, as a result, it showed their wealth in oil, so that60 amphorae of oil could be given to a winner of chariot racing and one amphora contained 40L of oil. The amphorae of oil also contained paintings of the sporting events on one side and a picture of Athena Polias on the other side. This indirectly showed of the skills of Athens in arts, painting and pottery. The prizes of the musical events involved olive crowns in gold and shoed Athens’ wealth. The fact they also gave prizes to the second place winners also showed their wealth. Taken together, the expanded games and expensive prizes given to both first and second place contestants served to showed the greatness of Athens, and increase its prestige. However, welcome to the Athenians, the primarily purpose to honour the city’s goddess was served.

Stock Fund Performance Analysis for Selected Companies Term Paper

Stock Fund Performance Analysis for Selected Companies - Term Paper Example The movement of the each of the stocks and the reasons for changes in the price level of each stock are analyzed. Lastly a comparative analysis has been done of this overall portfolio with respect to Dow Jones Industrial Average (DJIA) and one industry specific sector. The ultimate goal of this project to understand how the internal and external factors of business and economical environment positively or adversely affect the stock prices as well as the overall performance of a diversified market portfolio. This overall project has been done in two phases. In the first phase of the project investment strategies was developed to choose the particular industry and the stocks also. Out of the 10 stocks 6 stocks are taken from the US stock market to get the benefit of foreign exchange risk. All the transactions were made through a standard currency as US dollar. The stocks were taken by the proper research of the selected industry. The main objective of selection of the stocks is to gain profit from the total investment. The stocks which have possible short term growth are chosen. Introduction In the second phase of this project, weekly stock price and the weekly performance of the portfolio has been tracked to understand the movement of each stock and to calculate the fund value of each week. Pre-investment estimate3d risk was compared with the actual return or loss from each stock. Three stocks are taken from three different countries, India, China and Brazil. So to evaluate risk adjusted return from these three different stocks, foreign exchange risk is also considered. This is because, over the investment tenure, the foreign currencies have been devaluated against the US dollar Total performance of the fund has been evaluated and analyzed. Finally the performance of the fund has been measured by comparing the overall gain or loss of the fund with standard industry index i.e. Dow Jones Industrial Average. Percentage change of the total fund value has been compar ed with the value of the fund in first week. The best and the worst performed stocks are also analyzed to identify the reason for this performance. Stock Fund creation 1. Overview of the industry Telecommunication industry is one of the most growing industries in the world. The growth of this industry has been started since the last decade i.e. in the beginning of 20th century. New technology advancement by the leading companies of this industry has been influencing the growth. The investors also like to include stocks from this industry to reduce the risk as it has reported higher return in earlier than other mature industry. 2. Brief profile of the companies and reason for selection AT & T: It is a holding company that is telecommunications service provider in the United States and other many foreign countries across the world. The company provides services including wireless voice, data communication, local exchange services, roaming services etc. The company targets individual c ustomers as well business clients. The company founded in 1983 and currently headquartered in Texas. It also provides internet based advertising services and customer information services to the business clients. It

Raisin in the Sun - Response Paper Term Example | Topics and Well Written Essays - 750 words

Raisin in the Sun - Response - Term Paper Example Racial issue was also on the rise during the same period. America began to see a trend of sexual equality. Self supporting women, who were often colored, faced more criticism since they were forced into unconventional gender roles (Weiss, 2000).This shift in gender roles was felt by the citizens of society and is evident in literature and art of that period. A sun Raisin in the sun responds to this gender role conflict in an explicit manner; gender discrimination and role conflict are apparent in dialogues of the male as well as female characters throughout the play. Gender Discrimination and Drift in Gender Roles Portrayed In the Play In the opening act of the play, the main male character of the story, Walter expresses his biased beliefs regarding the opposite sex and his frustration about losing authority in these words: ‘You don’t understand about making men feel like they can do something’. This clearly expresses the conflict and insecurity that the male memb ers in sex role transition face. There are many instances in the play that reflect prejudice against women, for example, at one point, Walter comments on women generally: ‘The world’s most backward nation of women!’ Similarly, stereotyping is also evident in the second act, where Walter is sitting with his friends, talking about women: ‘If there is anybody you cannot persuade to take a larger view of life, it is a woman.’ The play also reflects the biased attitude of male members of the 1950’s society towards a woman seeking a professional education, since it was not in accordance with the typical role. Walter says in the second act: ‘Aint many girls who decide to be a doctor’, and he also mentions in the third act that he clearly wants his sister married as soon as possible and he doesn’t care whether she becomes a doctor or not. The other main male character in the play, Asagai, despite being romantically in love with Wal ter’s sister Bennie, expresses his biased opinion of women in second act by stating ‘Just being loved should be enough for a woman’; implying that a woman should desire nothing more out of life. Female roles in the play are very strong and all three of them express the gender discrimination and sex role conflict in the society via different dialogues. Mama for example despite being a mature and strong willed person, is reluctant to travel alone to Europe and starts comparing herself with stereotyped white women who roam around, unaccompanied by their males. Ruth, Walter’s wife who is a bit more modernized than mama, shows the typical determination of a 1950’s woman by mentioning in the last act, that she will work hard to pay the installments no matter what: ‘I’ll work in all the kitchens of America, ill strap my baby at my back if I have to’. ‘A Raisin in the sun’ also depicts the power and strength of the predeterm ined gender roles. The women themselves find it difficult to place their selves or other women out of that prescribed gender role. Like at one point in the second act of the play, Mama says to her daughter ‘What do you mean by leaving the house looking like this’; which implies that the older woman finds it unconventional that a woman should go out while leaving the house in a mess, while the younger woman thinks it is normal to do so. The frustration of not

Eng 105 unheard HW Essay Example | Topics and Well Written Essays - 1000 words

Eng 105 unheard HW - Essay Example Though it seems bad, the colored folk are being accepted though it a journey I know. LYON: [uncomfortable at the direction the talk is taking] It’s my music, finally started to show progress. Some producer saw me on stage at my regular club say I got talent. Next thing you know am off making something for myself. Fences is a play that focuses deeply on relationships that are strained by personal decisions and by the times they are in. the discrimination of the colored community is clearly highlighted as a theme in the play and it is portrayed as having a major role in the lives of the characters. Troy, the main character in the play, makes many mistakes in his lifetime and has learnt to live with the old ones he made as a youth. In so doing, he is able to create a family, which is relatively happy and gets a stable job. These and the friendship he has with his workmates give him something to be thankful about. The event that occurs towards the closing of the climax of the play exposes the stained relationship existing between the members of his family. Rose and Lyon have such a relationship, which is made even more difficult by introduction of Raynell in the family. Lyon and Cory are okay with each other, but there is a barrier between them where Lyon expresses a form of crippled thinking and his younger brother is more focused and sharp. In this particular instance, Lyon expresses his regard for his father when he refers his brother to their father in respect to finding a job. In this manner, he indirectly accepts that he is the one at odds with his father because he had refused an offer for a job by him. Lyon is the main focus of the act and he is exposed as having been involved with an incident he is ashamed of. He lies to his family on the source of the money he reinstates to his father knowing that if he disclosed the truth, he would be rejected. This instance goes further to show that the stereotypic