Wednesday, August 26, 2020

The Origins Of Nike Commerce Essay

The Origins Of Nike Commerce Essay Nike was established by Mr. Phil Knight and his past mentor Bill Bowerman in 1964 and they began Blue Ribbon Sports. Knights first shoe was called Tiger and afterward started conveyance of shoes. Blue Ribbon got incredible accomplishment in 1971 and Knight changes the organization name Nike. In 1971 it presented Nikes first brand line. Nike propelled its product offering in 1979. The new form of its Air shoe which was exceptionally effective and it was known as Air Jordan; presented in 1985. Nike opened its first retail outlet in Portland, Oregon in 1990. In 1991 the organization was extremely effective and its income came to USD $3 billion. In 1999 organization began selling its items legitimately to clients from its site. Nike is the universes driving games and athletic shoes. Nike is the significant producer of athletic gear with $18.6 billion USD in the time of 2008. Nike has 30000 workers in around the world. (Nikebiz:company diagram, 2010) Nike had created benefits of $97.4 million and its benefit dropped somewhere around half in February 2001. Nike said that it was a direct result of the disappointment of gracefully chain programming created by i2 advances. The two organizations accused one another. This disappointment additionally affected Nikes notoriety. The flexibly chain programming was the primary fragment of NSC (Nike Supply Chain) venture from SAP and furthermore client relationship the board programming from Siebel System. Investigators called attention to the deficiency of customization of the product and over interest determining. (Koah, 2004) Organization effectively actualized (NSC) Nike Supply Chain venture by 2004. The (NSC) Nike Supply Chain venture is incorporated arranging moving and producing. Finally Nike got accomplishment in Implementing ERP and it turned into the ideal methodology for the individuals who need to execute the ERP frameworks in their organization. Christopher Koch (Editor of CIO Magazine) expressed that If it was simple, everybody would do what needs to be done. In the late 1990, most organizations evaded to receive ERP on account of the gigantic expense of ERP frameworks. (Koch, 2004) The exercise of Nikes disappointment and ensuing bounce back lies in the way that it had a sound field-tested strategy that was broadly comprehended and acknowledged at each degree of the organization. Given that strength it managed the organization, at long last the i2 disappointment ended up being only a hindrance. (Koah, 2004) Items Range Nike has wide scope of athletic gear, running shoes, and shirts and may different items as appeared in figure 1. Figure Nike Products (nike, 2010) ERP (Enterprise Resource Planning) ERP entitles a companys data framework which can bring all the more intently the companys offices and capacities like HR, money and inventories. It likewise makes the connection among clients and makers. 1.1 Introduction of ERP (Enterprise Resource Planning) Venture Resource Planning is the endeavor framework device which oversees request and gracefully. It can make connect among clients and providers. ERP likewise gives the serious extent of coordination between buying, fabricating, advertising, deals, coordinations and promoting. ERP is the instrument which can give significant level of client administrations and profitability and furthermore bring down the expense. (Wallace Kremzar, 2001) Endeavor Resource Planning is an organization which increment it deals by 20% in light of ERP. The VP states that ERP has given the way to turning into a really worldwide organization. Configuration can be made with the precise information and with the procedure that cements request and gracefully across fringe and seas. This change is worth billion to us in deals around the world. (Wallace Kremzar, 2001) The Director of ERP For the first run through ever, we have a decent handle on our future prerequisites for segments crude and materials. At the point when our client request transforms, we-ourselves and our providers can oversee changes to our calendars on an exceptionally planned and controlled premise. I dont perceive how any organization can do compelling flexibly chain the board without ERP. (Wallace Kremzar, 2001) 1.2 Origin of the Term ERP The Enterprise Resource Planning ERP created from Manufacture Resource Planning (MRP). The ERP was presented by a scientific firm Garner. Undertaking Resource Planning has all the elements of a venture with the exception of association business or sanction. Numerous associations like IBM, Dell and HP Microsoft, Intel and numerous different associations are currently utilizing ERP frameworks. The ERP frameworks are regularly for huge and all the more comprehensively based applications despite the fact that it is additionally utilized in little and medium estimated organizations. The ERP frameworks give normalization, lower support and it can store all information in one database. Along these lines, we can say that it has more prominent detailing capacities. ERP incorporates different applications like Manufacturing Resource Planning (MRP), Financials Resource Management (FRM), Customer Relationship Management (CRM), Supply Chain Management (SCM) and Human Resources Management (HRM). ( Leon , 2008) Figure : Information coordination through (ERP, 2010) 1.3 Overview of ERP Numerous associations decide to execute one section for ERP frameworks and independent frameworks for the other ERP applications need to build up an outside interface to the next ERP framework. Since in an association one seller decide to utilize human asset the board framework and the monetary framework pick another and incorporation between those frameworks. It is exceptionally normal in fair sized retailer and the retail part will have a retail location (POS) and monetary application then they have a particular application to deal with different business necessities like coordinations and promoting. (Leon , 2008) The nature of ERP framework is that it gives a solitary database which contains all the information for the product module likewise appeared in figure 3: Manufacturingâ Flexibly Chain Managementâ Financialsâ Projectsâ HR Client Relationship Management  (Leon , 2008) Figure ERP Database (google, 2010) 1.4 Reasons for Buying ERP Software In nowadays when the business condition is progressively mind boggling and exceptionally serious then the associations need the IT framework which is profoundly serious with time the executives. The associations need the exceptional exhibition in their business by using the time in the right way. Venture framework use the organization time accurately. Undertaking Resource Planning is the arranging wherein the business assets like material, representatives and clients moved starting with one state then onto the next state. An ERP framework keeps up the information which interfaces with the business capacities like assembling, gracefully chain, Management, fund, human asset, client relationship the board. (Leon , 2008) 1.5 Reasons of ERP ventures Failure In some cases ERP ventures fizzle in the event that you don't execute them well. There are a portion of the explanations behind the disappointment of ERP disappointment. The organization chose an inappropriate programming of ERP for the organization. The preparation of worker is likewise significant and a few associations dont train well their representatives. Some product is vigorously modified and on the off chance that these are not coordinate with the companys IT framework, at that point there can be issue. On the off chance that we don't actualize the successful change the board techniques, at that point it very well may be the consequence of disappointment of the undertaking. In the event that the business merger forgets about the work simultaneously, at that point it very well may be additionally a major loss.(Glenn, 2008) There are additionally a few elements from where we can accomplish the effective ERP extends by choosing the correct programming for the organization. Give the correct preparing to representatives. For executing the ERP we need to deal with each approach and use the prescribed procedures for actualizing ERP programming. (Starinsky, 2001) I discovered some significant real factors about ERP are that there is no ideal ERP framework exists. We can't state that any ERP usage is ever great. On the off chance that two organizations have the equivalent ERP programming yet the execution can't be the equivalent in light of the fact that each organization has its own style of usage. (Leon , 2008) Flexibly CHAIN MANAGEMENT Flexibly Chain Management is a system that is included purchasing, making, moving, selling and appropriation. (Hugos, 2006) A gracefully chain is a system of offices and dissemination choices that plays out the elements of acquisition of materials, change of materials into middle of the road and completed items and the circulation of these completed items to clients. (Hugos, 2006) Purchasing Making Moving Product lodging Selling Selling Purchasing Making Movin Product lodging Figure Supply Chain (Supplychain, 2010) 2 Nikes Supply Chain Nikes gracefully chain topic is centralization. All items structures, making and conveyance is incorporated from Beaverton, Oregon in the US. Nike tasks were partitioned into five locales USA, Middle East, Africa, Asia and America which included Canada, Mexico and Latin and American nations. In 1975, Nike propelled one program which is known as future program for dealing with its footwear items. In this program Nikes retailers put in their requests before a half year. At that point these requests moved assembling units around the world. The flexibly chain worked pleasantly around then. Nike Company became spreading increasingly more all inclusive. Nike felt that its flexibly chain required quick changes. The assembling procedure likewise turned out to be perplexing on the grounds that a few models like Air Jordan Sneakers required 130 stages to assembling. In 1998 Nikes benefit dropped somewhere around half likewise appeared in figure 5. Nike referenced that they had issues with the current gracefully chain frameworks. To conquer this difficult Nike propelled one anticipate known as NSC (Nike Supply Chain) venture. (Koch, 2004) Figure : Profit dropped somewhere near half (speculation, 2010) This was a monstrous venture where the worldwide tasks were worked centralization to actualize ERP, gracefully chain and client relationship the executives on a solitary SAP framework as appeared in Table 1. Numerous progressions were made different occasions to fix the flexibly chain and these progressions made difficult issues and in the outcome Nike needed to move an entirely different framework. (Imperial, 2001) Table : ENTERPRI

Saturday, August 22, 2020

Sexual Inequality In The Old Testament Essays - Sexual Fidelity

Sexual Inequality In The Old Testament In the present society ladies are viewed unconsciously by the male sexual orientation. This disposition got from the na?ve men of the Old Testament. They didn't consider ladies to be being a significant piece of history and subsequently barely discussed them. At the point when ladies were referenced it was typically in a stooping manner. Indeed, even with ancestries in the Old Testament ladies were not recorded as though to show that they were not significant and not an issue. Ladies in the Old Testament our saw as being sub-par compared to men, sexual stalkers, and a thing of property. In the primary creation story (Genesis 1:27) God is depicted as making man, both male and female simultaneously. This may be deciphered as inferring balance between the two sexual orientations. In any case, in the second creation story, (Genesis 2:7) God shaped just a man. Understanding that he required an assistant (Genesis 2:18), God walked the entirety of the creatures past Adam (Genesis 2:19-20) searching for an appropriate creature. Discovering none reasonable, God made Eve out of one of Adam's ribs. The term assistant has verifiably been deciphered as inferring a mediocre job for Eve. (?The Hebrew interpreted word aide is utilized twenty-one times in the Old Testament: twenty of these cases allude to help from a superior.)(Coogan 813)Adam later declares his position over Eve by naming her. In Genesis 19 the men of Sodom accumulated around Lot's home, and asked that he bring his two visitors out with the goal that the men can know them. This in as often as possible deciphered as a longing to assault the guests, albeit different understandings are conceivable. Part offers his two virgin little girls to be assaulted. However, much after this abhorrent demonstration, Lot is as yet viewed as a respectable man, worth sparing from the obliteration of the city. Permitting one's girls to be explicitly ambushed by various attackers seems, by all accounts, to be treated as a minor offense, as a result of the low status of the young ladies. A man could at the same time keep various courtesans. These were sexual accomplices of an even lower status than a spouse was. As inferred in Genesis 21:10, she could be excused when not, at this point required. Another case of this inadequacy to men it is the book of Exodus. In Exodus 20:17 it records the remainder of the Ten Commandments. It restricts wanting your neighbor's home, spouse, slaves, creatures or whatever else that the neighbor possesses. The spouse is plainly viewed as proportionate to a bit of property and not the slightest bit would a bit of property be better than a man. Likewise in Exodus 21:22-25 it portrays a circumstance wherein two men are battling and hit a pregnant lady. On the off chance that the lady has an unnatural birth cycle as a result of the blow, the men must compensation a fine for their demonstration - not to the lady, however to her significant other, apparently in light of the fact that he has been denied of a kid. Leviticus 12:1-5 clarifies that a lady who has brought forth a kid is customarily unclean for 33 days. In the event that the infant is a young lady, the mother is unclean for 66 days. No doubt the demonstration of having a child is an exceptionally dirtying act. To bring forth a young lady is twice as dirtying as is bringing forth a kid. In Leviticus 18:20 and 20:10, infidelity was characterized as a man having sex with his neighbor's better half. Deuteronomy 22:23 stretches out this restriction to a man laying down with a lady who is locked in to be hitched. On the off chance that a man engages in extramarital relations with an unmarried lady, the demonstration isn't viewed as infidelity. In spite of the fact that God needed men to just have one spouse, wedded men on numerous events visited whores and got no discipline for this wrongdoing. This was a twofold standard among the genders for a lady got seriously rebuffed in the event that she submitted such a transgression. A man who submitted infidelity didn't submit an improper demonstration against his better half, but instead against his male neighbor suggesting that a lady didn't make a difference. Another case of where the Bible demands that men are a higher priority than ladies is in Leviticus 27:6. A kid matured multi month to five years old was worth 5 shekels

Wednesday, August 19, 2020

Effect of Hurricane Katrina on Children

Effect of Hurricane Katrina on Children PTSD Causes Print The Effect of Hurricane Katrina on Children Hurricane Katrinas Impact on Children By Matthew Tull, PhD twitter Matthew Tull, PhD is a professor of psychology at the University of Toledo, specializing in post-traumatic stress disorder. Learn about our editorial policy Matthew Tull, PhD Medically reviewed by Medically reviewed by Steven Gans, MD on August 05, 2016 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on June 24, 2019 Post-Traumatic Stress Disorder Overview Symptoms & Diagnosis Causes & Risk Factors Treatment Living With In Children Joe Raedle/Getty Images News/Getty Images The effect of Hurricane Katrina is significant. Since the storm hit the United States Gulf Coast in late August 2005, a number of people and communities have felt its impact, and the negative effect of Hurricane Katrina continues to be felt today. The Effect of Hurricane Katrina Several studies have been done in an attempt to describe the impact of Hurricane Katrina. Many people were separated from their children, friends, neighbors and relatives. In addition, their homes were destroyed or they were displaced from their homes for long periods of time. Additionally, people were also exposed to increased crime and violence as a result of the hurricane. Given these experiences, it is not surprising that many developed symptoms of posttraumatic stress disorder (PTSD)  and depression following Hurricane Katrina. Symptoms include upsetting memories and thoughts about the hurricane, feeling upset when being reminded of the hurricane, trying to avoid thoughts and feelings about the hurricane, having worries about future hurricanes, and feeling on edge and tense. However, less is known about the effect of Hurricane Katrina on children specifically. Depression and Posttraumatic Stress   Children may be particularly vulnerable to PTSD stress following exposure to a natural disaster  like Hurricane Katrina. One group of researchers surveyed 2,362 4th- to 12th-grade children in the 2005-2006 school year and 4,896 4th- to 12th-grade children in the 2006-2007 school year. All children were from schools in Louisiana parishes that were affected by Hurricane Katrina. They found that many children had experienced a great deal of stress as a result of the hurricane. Most had been displaced by the hurricane, had seen their neighborhood destroyed or damaged, and had lost personal belongings. In addition, around a third had been separated from a caregiver and/or a pet during the storm or evacuation. Children also reported, to a lesser extent, seeing family members or friends injured or killed. Given the stress that these children were exposed to, it makes sense that many experienced severe symptoms of depression and PTSD. In fact, this study found that about half of the children experienced high levels of depression and PTSD symptoms. An  increased risk  for these symptoms was correlated with: Currently being separated from a caregiverLiving in a trailerHaving to stay in a shelterYounger age, being femaleHaving previous loss or traumaHaving had family members or friends killed as a result of the hurricaneHaving personal belongings destroyed or damaged   Coping With the Effects of a Natural Disaster Natural disasters such as Hurricane Katrina can have a major impact on a persons psychological health. If you are coping with the effects of a natural disaster, help is available. The National Center for PTSD provides a number of fact sheets on the effects of natural disasters and how to cope with them. You can also find treatment providers in your area through UCompare HealthCare  as well as the Anxiety Disorder Association of America.

Sunday, May 24, 2020

Mercy role in the Justice system - Free Essay Example

Sample details Pages: 3 Words: 1011 Downloads: 5 Date added: 2017/09/21 Category Business Essay Type Argumentative essay Tags: Criminal Justice Essay Did you like this example? Mercy and justice: Can they coexist? Abstract This paper is about if mercy and justice can co-exist. The paper discusses justice in today’s society, mercy’s role in the justice system, and God’s mercy and justice. Mercy and justice: Can they coexist? Mercy and justice can be viewed as two separate virtues. While justice seeks resolution, mercy seeks forgiveness. This paper will discuss justice in today’s society, mercy’s role in the justice system, and God’s mercy and justice. According to dictionary. om, justice is â€Å"the quality of being just; righteousness, equitableness, or moral rightness: to uphold the justice of a cause. † The virtue demands that people have equal rights and opportunities. Everyone, from the poorest person to the wealthiest deserves an even playing field. From a political point of view one can say justice is equal rights. However, the law does not necessarily mean justice. According to an article â₠¬Å"Wit or Wisdom, the law, or justice, dictates that we all deserve hell forever. We are sinners and a stench in the nose of God† (Beckmann, 2007). This shows that while law is supposed to be right and just and true, it is not always, and there are exceptions to many rules. Is justice fair all of the time? In its narrower sense, justice is fairness. For example, in the article â€Å"Justice Versus Fairness,† Maiese says, â€Å"†¦ justice is fairness. It is action that pays due regard to the proper interests, property, and safety of one’s fellows†¦ The principles of justice and fairness can be thought of as rules of â€Å"fair play† for issues of social justice†¦ Social justice requires both that the rules be fair, and also that people play by the rules† (2003). Maiese says that justice is fairness and that society requires both that the rules be fair, and also that people play by those rules. Mercy is often considered as an impo rtant virtue. According to dictionary. com, mercy is â€Å"compassionate or kindly forbearance shown toward an offender, an enemy, or other person in ones power; compassion, pity, or benevolence: Have mercy on the poor sinner. † However, mercy is not the matter of being nice and it is also does not mean the same thing as sympathy. For example, in article called Mercy vs. Justice on about . om, it says †¦ mercy entails that something less than justice be one. If a convicted criminal asks for mercy, he is asking that he receive a punishment that is less than what he is really due. † This shows that mercy isn’t always being nice and showing pity, it is just giving a less punishment. When a Christian begs God for mercy, he or she is asking that God punish him or her less than what God is justified in doing. Mercy is not the opposite of justice, â€Å"one would determine that mercy lies between the vices of cruelty and uncaring, while justice lies between the vi ces of cruelty and softness† (About. om). However, they are still not the same because if mercy is used to often or in the wrong situations, it can damage itself. For instance, if a criminal asks for mercy and gets a lesser sentence than what his or her original sentence was, when he or she gets out of jail, they would eventually go and commit another crime again and have another chance of getting away without paying the proper price for their punishment. That is why justice is needed because a good and working society requires presence of justice. However, mercy is required because â€Å"we all need mercy ourselves,† according to A. C. Grayling. The writers of the Bible wrote a significant amount of material about two characteristics of God: mercy and justice. An example of God’s mercy would be †¦ â€Å"His merciful sacrifice and eternal presence allow us to talk with the Father (1 John 2:1; Hebrews 7:27), and through Christ we receive God’s merc y (Isaiah 53:4-6; 1Timothy 1:2; 1 Peter 1:3). † (Colley, 2004) This shows that we gain God’s mercy through Christ’s merciful sacrifice and eternal presence. When showing the Ten Commandments to Moses, God stated both his mercy and justice. For example in Exodus 20:4-7 God shows his mercy and justice, â€Å"No carved gods of any size, shape, or form of anything whatever, whether of things that fly or walk or swim. Dont bow down to them and dont serve them because I am God, your God, and Im a most jealous God, punishing the children for any sins their parents pass on to them to the third, and yes, even to the fourth generation of those who hate me. But Im unswervingly loyal to the thousands who love me and keep my commandments. No using the name of God, your God, in curses or silly banter; God wont put up with the irreverent use of his name. This shows that just as God’s mercy continues to exist, the justice of God similarly is not limited. God is sti ll serious about people serving Him, and about the consequences for people who choose not to serve Him. According to Colley the justice and mercy of God have never contradicted each other. In fact, our perfect Creator balances the two qualities masterfully. If that were not true, the psalmist would not have been able to proclaim, â€Å"Righteousness and justice are the foundation of your throne; Mercy and truth go before Your face† In conclusion, mercy and justice can coexist because you can pursue justice and mercy at the same time but giving to much mercy can be a problem. That is why one needs justice to keep things balanced. Works Cited Agnosticism/Atheism. (2006). Retrieved September 9, 2010, from About. com: http//atheism. about. com/library/FAOs/phil/blphil. eth. ercyjustice. htm Beckmann, H. (2007, September 22). Justice and Mercy. Retrieved September 20, 2010, from witorwisdom. wordpress. com: https://witorwisdom. wordpress. com/2007/09/22/justice-and-mercy/ Colle y, C. (2004). Gods Mercy and Justice. Retrieved September 20, 2010, from Apologetics Press Web site: https://www. apologetic. org/articles/print/1860 Tersigini, D. (2005). An Essay on Justice. Retrieved September 20, 2010, from www. thealmightyguru. com: http//www. thealmightyguru. com/Knowledge/Docs/Justice. html Don’t waste time! Our writers will create an original "Mercy role in the Justice system" essay for you Create order

Wednesday, May 13, 2020

Pagan and Christian Symbolism in Sir Gawain and the Green...

Pagan and Christian Symbolism in Sir Gawain and the Green Knight People of the Middle Ages saw and interpreted their world through the lens of Christianity, and the church had no small amount of symbols. These people were guided by a visual world, in which practically everything in nature became a sign for something transcendent, something that could make them stand closer to understanding God. Sir Gawain and the Green Knight provides vast Christian symbolic richness, but at the same time the poem supplies the reader with a wide range of Pagan allegory, the result making of Sir Gawain a unique story full of complex contrasts. The story begins with an uninvited guest at King Arthur’s court, during the Christmas†¦show more content†¦In the end, when put to the test the Green Knight created for him, a test for Sir Gawain’s temperament, his flawed human nature is revealed. Sir Gawain is offered a means of survival, a green girdle that renders its wearer invincible, and he takes it. The Green Knight tempted him and brought out the true nature of Sir Gawain: an imperfect mortal striving to live up to perfect ideals. The association of the Green Knight and nature is drawn to accentuate the idea that although Gawain contends for perfection in an attempt to comply to knightly standards, he ultimately sins by putting his faith in the girdle and not confessing he is in possession of it; the Green Knight pardons him, allowing him to live, thereby permitting Sir Gawain to repent and become a better Christian, as it is seen in the poem’s last supplication to Jesus, the savior: â€Å"Now Christ with his crown of thorn/Brings us his bliss, evermore! AMEN.† (CI.2529-30) Work Cited Kermode, Frank. â€Å"Sir Gawain and the Green Knight.† The Oxford Anthology of English Literature, Volume I. New York: Oxford University Press, 1973.Show MoreRelatedPagan and Christian Symbolism in Sir Gawain and the Green Night1090 Words   |  5 PagesPagan and Christian Symbolism in Sir Gawain and the Green Knight People of the Middle Ages saw and interpreted their world through the lens of Christianity, and the church had no small amount of symbols. These people were guided by a visual world, in which practically everything in nature became a sign for something transcendent, something that could make them stand closer to understanding God. Sir Gawain and the Green Knight provides vast Christian symbolic richness, but at the Pagan and Christian Symbolism in Sir Gawain and the Green... Pagan and Christian Symbolism in Sir Gawain and the Green Knight People of the Middle Ages saw and interpreted their world through the lens of Christianity, and the church had no small amount of symbols. These people were guided by a visual world, in which practically everything in nature became a sign for something transcendent, something that could make them stand closer to understanding God. Sir Gawain and the Green Knight provides vast Christian symbolic richness, but at the same time the poem supplies the reader with a wide range of Pagan allegory, the result making of Sir Gawain a unique story full of complex contrasts. The story begins with an uninvited guest at King Arthur’s court, during the†¦show more content†¦In his other hand he holds an axe, a symbol of conflict and war. He is holding together good and evil. Sir Gawain deals a savage blow to the Green Knight’s neck severing his head, only to watch him pick it up by the hair and keep talking, reminding Sir Gawain to look for him at the Green Chapel to receive his own blow with the axe. The Green Knight represents a pagan spirit of vegetation, very much like a tree with the ability to regenerate, to sprout a new limb or change its growth direction if it should be cut off; unlike a person who loses a limb and is permanently handicapped. While humans shy away from their inevitable death, it is nature which can continue to restore and regenerate itself. When the time almost comes for Sir Gawain to fulfill his promise and start his journey, he puts on his knightly clothes and armor; his shield in particular is described thoroughly: It is a symbol which Solomon conceived once To betoken holy truth, by its intrinsic right, For it is a figure which has five points, And each line overlaps and is locked with another; And it is endless everywhere, and the English call it, In all the land, I hear, the Endless Knot. Therefore it goes with Sir Gawain and his gleaming armour, For, ever faithful in five things, each in five fold manner.Show MoreRelatedPagan and Christian Symbolism in Sir Gawain and the Green Night1098 Words   |  5 PagesPagan and Christian Symbolism in Sir Gawain and the Green Knight People of the Middle Ages saw and interpreted their world through the lens of Christianity, and the church had no small amount of symbols. These people were guided by a visual world, in which practically everything in nature became a sign for something transcendent, something that could make them stand closer to understanding God. Sir Gawain and the Green Knight provides vast Christian symbolic richness, but at the same time

Wednesday, May 6, 2020

Everyone thought that they knew me so well, opinions change, and I’m not a little girl anymore Free Essays

What would you think if you could see me now? I don’t look perfect, and my shoes aren’t very clean anymore, I’m not very clean. Nevertheless I’ve made sure that my gold pendant has stayed intact, I don’t even think that you remember buying it for me. It was the one thing in the entire shopping mall that I wanted, on that boiling hot summer’s day. We will write a custom essay sample on Everyone thought that they knew me so well, opinions change, and I’m not a little girl anymore or any similar topic only for you Order Now I think that it must have been the first and the last thing that you’ve bought me that I’ve liked. You bought it even though you detested it. I’m stroking the metal; it feels cold against my skin, ice cold. I haven’t felt warm for days. As I sit here cold and alone, I realise just how much I should be enjoying this. It’s all I’ve ever wanted-to have a choice, to do things by myself. Well here I am ready to make a move. I’m hungry now; all I can smell is the deliciously tempting aroma of chips from the shop, on the corner. I need food. If I’d sold my necklace earlier I would have had money. Who am I trying to convince? It is my necklace, my own and we will never part. Scuffing my new ‘clean’ white dirty shoes I wander aimlessly down the road. I don’t like some of the looks that I’m getting; they’re disapproving, condescending and nasty â€Å"‘Oooh look at her, doesn’t she look rough'† If I had it my way, I’d be in a warm, soft and luxurious bed. But instead, I’m here, pacing the streets, solemn and silent. I can’t even begin to imagine, where I’m heading next. Grasping the chain firmly in my left hand I gently remove it. The sweet smell of gold is revolting. As I clutch my pedant I’m slowly beginning to realise how far away that I am. I’m walking along a side road now, just approaching a turning. Do I take it? Where do I go? Which road shall I take? It has to be one of them. I need guidance, no, no I don’t, I make my own decisions, and I can take control. One of these roads seems familiar, a street full of detached houses all lawns exactly the same not a strand of grass out of place, not a tree that dares whisper in the wind. It’s precise, just like you. The second is a mystery, just like me. I still haven’t had any food; I’m beginning to feel ravenous. I have fifty five pence. I didn’t think of bringing any money. Mind you I didn’t really think that I would leave. I don’t remember much about earlier, the massive row. I just remember two words ‘dirty slut’. He was raging at me again, like it was strange to go out and party, a deadly sin to have fun. You spotted my pendant and asked why I was wearing such a grotty thing, It’s not like I expect you to understand, so don’t worry, I don’t blame you. I’m at the end of my road now, adjoining to my road is a main road, I’m taking it, strutting down the centre like I own it. I’ve been doing that recently, holding my head up, I’m proud. Today isn’t tomorrow and today certainly isn’t yesterday, while I lay here in my cardboard box, that I found late last night, I ponder this. Chips used to taste nice, from what I can remember, but not these ones. These are soggy and cold; I was lying next to them this morning when I woke up. They are in a newspaper that’s sopping wet, from the heavy downpour that also happened; late last night. It’s food though something that I’ve desired for what seems like an eternity. My pendant is clasped tightly in my hand, I’m staring at it intensely, it’s been ten days so far, and why did I leave? It’s getting colder day by day. I’m trying to find somewhere to stay, somewhere that I can feel warm and secure, to revitalise my flickering spirit. The rusting gold is more visible these days. As it gets older its age becomes more noticeable, more so than before. It’s in my open palm now stretched out, like it’s about to sprout wings and fly away. Lately I’ve been different, dad why do you blame my friends? I suppose I’m just your little angel that will never spread her wings. Remember that night; I do, the ‘slut’ night. I wear make up short skirts and high heels, just like most people my age. Don’t you think about what I could have said to you? How arrogant you are or how oppressive that you can be. Why do you think that I didn’t? I didn’t say anything because I didn’t want to hurt your feelings, like you did mine. The Mona Lisa, your favourite painting while you sit there at your computer father, chew on this, she’s smiling, is she happy? I think that I should be sitting in that portrait, don’t you? The ripple of the pinky blue dusk that has set over the middle of London on an October night becomes more prominent as I stand staring over the Queen Elizabeth II Bridge. I grip the railings I laugh, a high pitched screech, I’m so cold, so famished, but I’ve never felt so alive. Cradling my pendant like a damaged child, I say my last goodbye. I’m attaching it to the fourth bar on the second row. I look up to the beautiful night sky I love you mum, I love you dad, I love you, I love you, I love you, So much, I’m going home. How to cite Everyone thought that they knew me so well, opinions change, and I’m not a little girl anymore, Papers

Tuesday, May 5, 2020

Risk Management and Treasury

Question: You are working in the foreign currency desk of a British bank in the UK. Your superior believes that the currency market has not correctly incorporated the recently announced USA annual inflation rate into the forward exchange * between the US dollar a. the British pound. At present the inter. rate to be earned on 10 million for a month would be 5% per annum in the UK and 0.5% per annum in the USA. You have a. gathered the following information: Exchange rates: Spot $1.5700 per 30-Day Forward rate at premium (swap $0.01 per ). Annual inflation rates: UK () 3% pa; USA () 0.1% pa. Required: A) Given the present inflation an exchange rates above calculate expected spot rate in 30 days' time for the market to be in equilibrium. What do relative *rest rates suggest should be the direction of the forward rate? Compare the quo. forward rate and the expected spot*. Is. market in equilibrium.? (b) If the market is not equilibrium in part (a) above, .ate what an UK trader* 10 million at her disposal should da to take of the situation. Calculate total (arbitrage and opportunity) gain made by the trader if she follows your advice.(C) Briefly discuss the risk of the above strategy in deriving the total gain. What would be the breakeven exchange rate for this strategy? Answer: (a) Calculation of expected spot rate:- The formula of expected spot rate is E = S * (rf / rd) Here, E = Expected spot rate S = Spot rate = $ 1.5700 rd = domestic currency interest rate = 3.5 % rf = foreign currency interest rate = 0.5 % Therefore,E=1.5700*(0.5%/3.5%) = 0.2242 We know that if the rate of interest is high in a country, then the country currency is a lot stronger. This is because the investors from the foreign countries will invest more for the countrys high rate of interest. If this happens then the direction of the forward rate will also increase. (b) The calculation of Forward rate: The formula of Forward rate F = S + swap rate Here, F = Forward rate S = Spot rate = $ 1.5700 F = 1.5700 + 0.01 = 1.5800 The forward rate is 1.5800 No, the market is not in equilibrium. 1. If the market is not at equilibrium, then according to the given question the UK trader should invest her 10 million pound in the UK market because the interest rate of the country (UK) is much higher than the USA interest rate. It is known that if the rate of interest is high in a country, then the country currency is a lot stronger. This is because the investors from the foreign countries will invest more for the countrys high rate of interest. In spot rate: If the trader wants to invest in UK in spot rate then the trader will earn = 10 million * 3.5 % = 35000 pound Therefore if the trader invest in UK the trader will earn = 30000 pound If the trader wants to invest in USA the trader will earn =10 million * 1.5700 * 0.5% =$ 7850 In forward rate: If the trader wants invest in the trader will earn =10 million * 3% =30000 If the trader wants to invest in forward rate then the trader will earn = 10 million * 1.5800 * 0.4% = $6320 Therefore, the arbitrage gain earned by the trader is = $ (7900 7800) = $ 1530 If the trader earns $ 1530 more if she invests in forward market then the trader should invest in the forward rate. (c) The risk of the above strategy in deriving the total gain is when the trader invests in the forward market the countrys interest rate may fall down for the economic conditions of the country. The inflation rate may rise due to the economic condition of the country. If this occurs then the trader will face loss from her earning. Break Even Exchange Rate: The USA interest rate is 0.5 % and the UK interest rate is 3.5 %, it may happen that US dollar can be change into the UK pound and can invest in 3.5 %. If this process is done without doing forward coat, then the interest profit of 3 % can be derived. Then the investor can face a loss of 3 %. Reference: Bajlum, C. and Tind Larsen, P. (2008). Capital structure arbitrage. Aarhus: University of Aarhus. Aarhus School of Business. Bragg, S. (2007). Business ratios and formulas. Hoboken, N.J.: Wiley. Dubil, R. (2004). An arbitrage guide to financial markets. Chichester, West Sussex, England: John Wiley Sons. Whistler, M. (2004). Trading pairs. Hoboken, NJ: John Wiley Sons