Discuss the range of possible outcomes if Shakespeare's advice of Essay

Discuss the range of possible outcomes if Shakespeare's advice of neither a lender nor a borrower be should become a general law - Essay Example Besides, it provides easy and cheap liquidity than other available lenders and intermediaries (Delaume 2012). In the event that Shakespeare’s statement was a general law, there would not be the expanded financial liberalization and enhanced volumes of private capital flaws in the developed countries that was characteristic of 1990s. The post crisis capital mobility in the developing world (especially in Asia) was as a result of four forms of capital inflows; portfolio investments, direct investment, bank loans and other investments. Bank loans in countries like Malaysia saw their economies grow from third world economies to second world status (Shin-Ichi, 2013). Loans that were advanced to the states through World Bank and IMF helped improve the overall economy of the nations and the welfare of their citizens. This would not be possible had Shakespeare’s statement been a general law. In domestic financial markets, banks are the most outstanding means of channeling savings to investments with the most favorable returns. In the event that the statement by Shakespeare became a common law, banks would not provide liquidity and permit efficient pooling of risks (Shin-Ichi, 2013). The fact that there are lenders and borrowers creates an environment that enables the activities of banks to alter the composition of capital in a manner that is potentially good for enhancing capital accumulation. Development of banks as lending institutions institutionalizes them as the gatherers of information about firms and reducing corporate myopia by conquering the quandaries associated with informational asymmetry (Shin-Ichi, 2013). The powers are given to the banks by depositors. These powers have led to availability of valuable information that helps a firm engage economically with another. Had lending and borrowing been absent, such powers would not be within the reach of banks. Economic development and

Valuation of Firms in Mergers and Acquisitions Case Study

Valuation of Firms in Mergers and Acquisitions - Case Study Example Triumph is of the opinion that acquisition of Rustic, a competitor in the same industry but with a radically different market share, would significantly boost its market penetration, enhance quality in production, and give it immense benefits with regard to economies of scale. As of present, Triumph has a predominantly southern customer base while Rustic has a chiefly northern customer base. The premise for this presumption is the view by Triumph’s CEO that Rustic is underperforming and its shares are undervalued. Hopes regarding the merger and acquisition soar high, with the expectations that the deal will grow the combined business establishment by up to 10%. However, the operating costs will rise by an estimated 5% in the first year. The financing option under consideration involves the issuance of long-term bonds to buy out shareholders at Rustic. The bonds will be issued at the current borrowing rate of the two companies. This report analyses the merger and acquisition ca se for Triumph and Rustic Plc.  The first two valuation cases are highly similar, with the only difference being that the first method assumes a constant dividend in perpetuity while the other DVM option assumes a constant dividend growth in perpetuity. The slight difference, however, makes a considerable difference in the estimated value of the resultant business, 41,000,000 and 90,420,000 respectively. The use of DVM in valuation model is most relevant in cases where the dividend pattern for a company is predictable and highly estimable (Bayrak, 2010). The management at both companies can make use of the method since both companies are currently paying dividends to their shareholders.

Historical Letter Essay Example for Free

Historical Letter Essay What privileges do you enjoy today? Do you have air-conditioning when the sun scorches your back? Do you have heating machines when the cold bites you from deep inside? Do you have a vehicle that brings you to your destination without you having to hike three mountains or so? Which of these privileges do you take for granted? It’s because you never experienced living without these privileges that you do not fully understand and appreciate their importance. What other rights do you have? Are girls allowed to go school with boys? Are women given access in the universities as men are? Can women engage in careers that men are engaged in? Can women vote? I am Mary Ellise Scott. An eighteen-year-old lady from Pennsylvania. And through this letter I will explain to you how different your time is from my time. There was a time when all these were deprived of women. Take for instance the right to vote. In the 19th century, in my century, I am already am eighteen years old. But despite this fact, I am not allowed to vote – I am not allowed to choose who will represent my needs in government. This is why in my century Carrie S. Burnham, a teacher and a physician took her case to the Supreme Court of Pennsylvania on 4 April 1873. This was already the peak of her campaign, as she was already going around Pennsylvania, Philadelphia, and all other cities in the country, speaking about this. I was just sixteen years old when she came and spoke in our town square. I always thought before that the order that things are in now, is that’s what it’s supposed to be – men vote and women don’t, just because. I never thought of it in a perspective of inequality until I heard her arguments about it. Unfortunately, the Supreme Court rejected her arguments. Susan B. Anthony campaigned for the same rights, and eventually got senators to amend the Constitution and finally allow women to vote. There are others who are like this during my time. There are many women who thought and realized that the handicap they are accorded on account of their sex is just plain unfair. One of these is Mary Church Terrel. Indeed, it is difficult to be a woman during my time. While we are already allowed to go the university and study, most of the parents who send their children who are women to school, just do the same for the sake of saying that they allow their children to go to school. But after graduating, their daughters are already to marry. She goes to the university to study how it is to be a good housewife for the most part, and the other subject matters that would later on translate to a career, are disregarded. I consider those daughters lucky. At least they get to go to the university. For my case, father never allowed me to go to the university. He thought that my education was more than enough to find me a good husband and allow me to become a good mother. Father thinks that this is the only purpose that a woman has. A woman, as my mother had to stay at home, attend to the chores and needs of the husband and the children. He tells me that I do not need some fancy education and some expensive diploma to allow me to do this. He tells me that I will learn about being a good wife and mother, by staying at home and helping my mother out. I want to be a doctor you know. But how can I do that when my father only believes that I am meant for the broom and the ladle. This is also why the men in the family are more valued than the women. Aside from the fact that they have all the privileges you can think of, fathers treat them differently. They are the favorites because for them the men bring glory to the family, as they bring home the money and as they have the chance to pursue careers and become good at their fields, while women are just good for the house. There is a certain repulsion that I feel deep inside, with the knowledge that there really is no substantial difference between my brother and I, for him to be able to go to the university and for him to be able to vote. If he can decide for his country, why can’t I? Just because I am woman, I cannot vote. I do not see any logic in that. You see, you are lucky. You have everything you need and many more. So appreciate what you have and realize how difficult it was for us during this time to pursue something other than being homemakers. Women are not just for the brooms and ladle, we are for the books and for careers as well.

Cats Amazing Ability to Survive Falls Essay -- physics cat cats fall

Your chance of surviving a fall of 50 feet (approximately 4 stories) is about 50%, while almost no one who falls 6 stories will be around to tell their tale. However, in a study conducted by Manhattan veterinarians, Drs. Wayne Whitney and Cheryl Mehlhaff, it was discovered that out of 115 cases of cats falling (accidentally) from multi-story heights, 90% of them survived. An even more surprising result is that if a cat falls from more than 7 stories its chance of survival doubles, compared to a cat having fallen from 2 to 7 stories (a story averages about 12 feet). No wonder cats are fabled to have nine lives. It turns out that the two most important variables which contribute to the cat's survival are its ability to land on its feet and its reaching terminal velocity (both of which involve a fair deal of physics). Whitney & Melhaff's Study Cats' apparent fearlessness concerning heights leads to many accidental falls. In fact so many cats are brought to veterinarians for treatment after a fall, that in 1976 Dr. Gordon Robinson coined the term feline high-rise syndrome to describe the resulting pattern of injuries. Eleven years later Drs. Wayne Whitney and Cheryl Mehlhaff at the Animal Medical Center in Manhattan conducted a study over a five month period on cats brought in for treatment after a fall. They compiled a database of 115 cats who fell a range of two to thirty-two stories, primarily ending their falls on concrete pavement. The mean fall was 5.5 stories. Three of the cats were dead upon arrival and 8 more died in the next twenty-four hours, leaving 104 living cats or about 90%. This is a remarkable statistic. When the height the cats fell is taken into account, it is found that only 5% of the cats who fell seven ... ... a small amount of mass, but also their ability comes from their flying squirrel (relaxed) posture upon reaching terminal velocity and from their superb inner gyroscope. Works Cited * Diamond, Jared. "How Cats Survive Falls from New York Skyscapers," Natural History 20-26; August 1989. * Diamod, Jared. "Why cats have nine lives," Nature 332, 586-587; April 14, 1988. * Fredrickson, J. E. "The tail-less cat in free-fall," The Physics Teacher. 27, 620-625; November 1989. * Halliday, David, Robert Resnick and Jearl Walker. Fundamentals of Physics, 5th ed. John Wiley and Sons, Inc., 1997. * Mehlhaff, Cheryl and Wayne Whitney. "High-rise syndrome in cats," J. Amer. Vet. Med. Assoc. 191, 1399-1403;1987. * "Terminal Velocity," Discover 9,10; August 1988. * Von Baeyer, Hans Christian. "Swing Shift," The Sciences 30, 2-4; May/June 1990.

The Pearl Epilogue

The Pearl Epilogue It has been five years since Kino and Juana through away the pearl back into the deep blue sea. Kino, has been having many dreams about the day Coyotito’s head had been blown off of his silk skin body. From that day, they knew that it was time to enter a period of hiding. A new King of Spain was chosen because of the old one being assassinated. It was the previous Kings son who was bloodthirsty to find where Kino and Juana were hiding because since Kino had killed a man, he was also pinned for the murder of King Aurellious; which was not a crime he had committed.The King of Spain had searched the native’s entire homeland to hopefully capture them, but the King was thinking to smart. For five years, Kino and Juana have been hiding in a dark black cave that was as cold as a freezer. They were feared of being ripped to shreds as if they were real animals being skinned. Kino and Juana have grown apart from purposes long ago, but they realized they needed each other for the problems they are encountering now. Although Kino and Juana had their differences in seeing each other, they each had moments over the years where they loved each other very much.It was enough for Juana to reach a stage of being pregnant once again. With a new baby on the way it certainly kept Juana occupied for many months. Kino for months found food, water, and enough things to call a cave somewhat of his home. No matter how many animals Kino had skinned it wasn’t enough to keep him or Juana warm. Juana was growing very sick because she was losing energy from caring the baby in her stomach. When the time came for the baby can come out of Juana’s whom, she was on the edge of dying.They both knew that the baby would have to be cut out of Juana’s whom, so Juana insisted to do anything to her to get the one thing Kino and her wanted the most, their beautiful baby daughter. Kino had to kill Juana for she wouldn’t have to suffer the pain of being sliced like a butcher slices meat. The new born girl had finally come. Kino and Juana always remembered the wonderful years they had with Coyotito, so Kino decided to name his new born baby girl; Coyotita. But, as soon as Kino had Coyotita wrapped around his arms, a million thoughts came pouring into his brain; from how the baby will survive with no ursery, to finding food and watching Coyotita at the same time. Kino soon realized that he really needed Juana while he did the rest by getting resources to stay alive in the cave. Kino was truly living like a caveman. He had no education, he is wanted dead or alive, and he has a new baby that might die because of him not being able to support her. He is running out of time to feed himself and his baby, so he is coming up with a plan to get his life back together. He is deciding on returning to his village with the baby wrapped in white tiger skin placed in a weaved oval shape basket, with a note on the left side of him.Kino was p lanning on bringing Coyotita to his brother for a while so Kino can turn himself over to the King. But, Kino does not know that he was also accused for the murder of their former King of Spain. Kino was completely confused like an orphan trying to understand that his parents weren’t his birth parents. He was about to enter the gates of the King’s Kingdom as hundreds of soldiers ran towards him screaming in Spanish to stay down and not to move. He was immediately taken to the King for his sentence.The King was screaming at Kino for what he has done. Kino apologized for killing a man, but the king began again to scream because he was explaining to Kino that King Aurellious was not just a man. From there on Kino knew that he was going to be punished with a murder that he had never committed. He was not aloud to say anything after he was given his life long sentence or the choice of being executed. Kino chose to be executed. Ten years later, Coyotita was living a very well educated life with her uncle watching over her.

How does Robert Swindells create sympathy for Link, and homeless people, in his novel, Stone Cold? Essay

In the novel â€Å"Stone Cold†, Swindells tries to create a sympathetic atmosphere for, one of the main characters, â€Å"Link† and other homeless people in general. To do this; he uses a variety of techniques in his novel to help get the reader too sympathise with Link and the other homeless people. The first technique he uses is first person narrative. This is shown when Link says; â€Å"they avoid looking at me. Right now I’m sitting in a doorway watching the passers-by†. This uses first person narrative as the words â€Å"me† and â€Å"I’m† have been used, meaning Link is saying it. He implies that it is the pedestrians trying to â€Å"avoid† him, acting like he is not there. As if he’s invisible. Which is shown when Swindells uses the word â€Å"they†- also making the reader feel as if Link is addressing them, engaging the reader, making them feel pity and guilt towards Link. He also uses first person narrative when he says, â€Å"It was still dark, and bitterly cold as I began to peel of my sleeping bag†. Again, he uses first person narrative as he uses the words â€Å"me† and â€Å"I†. This creates sympathy as he uses strong words like â€Å"bitterly† which makes emphasises the fact how col d he is. As words like â€Å"dark† has been used it gives the reader an insight of link’s feelings of how frightened he is, as he â€Å"peels† of his sleeping bag, constantly in pain- in the depths of despair. Secondly, the author creates sympathy by showing the reasons for becoming homeless, how easy it seems to become homeless and that it’s not always their fault for ending up on the streets. This is shown right at the beginning of the book when Link states; â€Å"But that’s not why I ended up like this. No Vincent’s to blame for that†. As soon as the reader finishes reading this, they are instantly curious of: Who Vincent is? Why he done what he did? Also, how he done it? This is emphasised when Link says, â€Å"Vincent is to blame.† Using a short sentence and leaving the reader on a cliff-hanger. This creates sympathy for Link as it shows how it was not in any way link’s fault for becoming how he is and makes the reader think of what dreadful thing Vincent done too make a fourteen year-old boy run away from his warm, safe and secure on the â€Å"Stone Cold† pavements†, in the freezing, frightening and reckless streets of London. Thirdly, when Link arrives in London it is his very first time, during this time period he is presented to be very naà ¯ve; making many vital mistakes which can never be fixed. This is shown as Link uses the metaphor, â€Å"You’re on the old downward spiral and that’s that,† When Link says the word â€Å"old† in the metaphor to describe the â€Å"spiral† it makes it seem as if Link has many mistakes before Link was homeless, causing the reader too sympathise with Link. Also, Link stats; â€Å"that was my second mistake†, causing the reader too expect more mistakes too come in the nearby future. The fact that Link uses a metaphor, heightens the fact that once you make the first crucial mistake. There’s no going back. Fourthly, Swindells creates sympathy by showing that there is no government aid or support for Link and the other homeless people. This is implied during Link’s search for money when he says; â€Å"You mean I’ll get no benefit- nothing?† The author creates sympathy as he makes the government seem like they are doing nothing to help Link, making the reader portray an egotistical image of them. After he says this he adds â€Å"-nothing† to really emphasise the fact that the government isn’t giving Link (and the other homeless people) one single penny. This enforces the fact that link has nothing creating sympathetic atmosphere. Fifthly, the author tries to make sympathy for Link by showing how badly Link is treated by: his family, the general public, his landlord Rat face and even the other homeless people! Vince –Link’s mum’s boyfriend- is shown to treat Link exceedingly bad due to violence, which is shown when Link states, â€Å"Vince started slapping me around the head!† When this is said it builds up a reputation for Vince; making him seem like a diabolical man, giving the reader an insight of Vince’s true monstrosity and show the upsetting reality of Link’s depressing life. Hence sympathy created for Link. Also when the word â€Å"head† is mentioned it causes the reader to feel more sympathy for Link due to the head being a very important and could seriously injure someone; showing the sheer hatred of Vince towards Link. The dreaded Landlord, known as â€Å"Rat-face†, also treats Link horribly, this is shown when Link says; â€Å"He had a bunch if my shirt in his fist and his face was an inch away from mine† This creates sympathy towards Link as it shows how threatening Rat-face is being towards the fourteen year old boy, Link. When words like, â€Å"fist† are used it give the reader a sense of danger and helplessness from Link; making the landlord over-powering, intimidating and a more authoritative person. Link is also shown disrespect from other homeless people who show no mercy towards him, this is shown when the other homeless man says; â€Å"Sod off, kiddo, before I drop yer† As the man states the word, â€Å"kiddo† it reminds the reader how young and vulnerable Link is towards other threatening people. It also shows that the homeless person know he is young; portraying an evil image of the man as he bully Links around. Sixthly, the author creates sympathy by the use of detailed description of the terrible weather conditions endured by Link and the other homeless people. This is shown when Link says,† Spend one January night in a doorway and you’ll know why† Link tells the reader how harsh the weather is without actually describing it; he implies how disgraceful it is by saying â€Å"you’ll know why† making a cliff-hanger and causing an effect on the reader as they are left to make up in their minds what horrendous conditions Link – and the other homeless people- had to stay in. Link also says; â€Å"It was dark and bitterly cold as I began to peel of my sleeping bag† As the author adds extra detailed words like, â€Å"bitterly† it gives the reader a real sense of the sheer coldness of being on the streets. Swindells also says the phrase; â€Å"peel of my sleeping bag† showing how uncomfortable Link is and how easy tasks can become very difficult. Link also states, â€Å"It was raw morning with a sneaky wind which came out of the side streets and went right through you† Swindells emphasises how freezing cold it is by using the metaphor; â€Å"went right through you† getting the reader to feel for Link and sympathise with him as he is forced to be prey to the brutal winds. Also when the term, â€Å"raw morning† is used it gives the reader an idea of fresh; yet bitter conditions. Seventhly, and finally, sympathy is created as a sense danger is found throughout the whole novel of â€Å"Stone Cold†. As soon as Link becomes homeless he soon becomes aware of the dangers, this is shown when Link states; â€Å"There are guys so desperate or so crazy, they’ll knife you or batter your head in for your sleeping bag and the coppers you’ve got in your pocket† When this is said it gives the reader a sense of despair and how much people will do for so little. Also, as Link is going through this it makes the reader sympathetic for Link as they realise his helplessness and how he’s at the Brink if despair†¦Also in Shelter’s narrative he says; â€Å"Nobody knows they’re there, they’re invisible.† When this is says it shows how professional Shelter is at murdering people; giving the reader a real sense of danger for Link as he has many encounters with this skilled murderer, showing Link’s vulnerability . When shelter says; â€Å"They’re invisible† he uses a metaphor to show that no one will ever find them and it’s like the victims are not even there. In conclusion Robert Swindells uses many successful ways and techniques to create sympathy for Link and the other homeless people in his novel, â€Å"Stone Cold† This builds up to create a sympathetic atmosphere throughout the whole of the book.

Free Essays on Philip Johnson

Philip Johnson The Amon Carter Museum in Fort Worth, Texas houses an impressive collection of works by Charles M. Russell and Frederic Remington and can actually be thought of as two buildings in one. The museum was originally built and designed by Philip Johnson in 1961 and forty years later Johnson was called upon again to design an addition to the building that would triple its exhibition space. Philip Johnson was born in 1906 and grew up in Cleveland, Ohio. He attended Harvard University majoring in philosophy and Greek not architecture. By the age of 26, Johnson was the founder and director of the Museum of Modern Art’s new architecture department in New York. There he cultivated an interest in architecture and co-authored the book The International Style, which introduced â€Å"Bauhaus,† a German style of architecture begun by Walter Gropius in 1918, to America (5). At the age of 34, Johnson returned to Harvard’s Graduate School of Design. After receiving his Master of Architecture in 1943, Johnson began designing his own home in New Canaan, Connecticut known as â€Å"The Glass House,† a house whose walls are made entirely of windows. Other well-known works include the Seagram’s Building and the AT&T Building both in New York. In 1979 Johnson was awarded the first Pritzker Architecture Prize for his 50 years of work and designs in the field of architecture (6). Undoubtedly, Johnson has been a great influence in architecture though some will argue that Johnson’s style is quite whimsical seeming to change as often as the wind blows (3). Johnson’s response? â€Å"After fifty years you shouldn’t be doing the same thing† (3). Though at times controversial it cannot be denied that Johnson is one of the most brilliant and renowned architects of the past century. 2 Interestingly, some of Johnson’s most acclaimed buildings are found in Texas. In Dallas alone, Johnson has designed ... Free Essays on Philip Johnson Free Essays on Philip Johnson Philip Johnson The Amon Carter Museum in Fort Worth, Texas houses an impressive collection of works by Charles M. Russell and Frederic Remington and can actually be thought of as two buildings in one. The museum was originally built and designed by Philip Johnson in 1961 and forty years later Johnson was called upon again to design an addition to the building that would triple its exhibition space. Philip Johnson was born in 1906 and grew up in Cleveland, Ohio. He attended Harvard University majoring in philosophy and Greek not architecture. By the age of 26, Johnson was the founder and director of the Museum of Modern Art’s new architecture department in New York. There he cultivated an interest in architecture and co-authored the book The International Style, which introduced â€Å"Bauhaus,† a German style of architecture begun by Walter Gropius in 1918, to America (5). At the age of 34, Johnson returned to Harvard’s Graduate School of Design. After receiving his Master of Architecture in 1943, Johnson began designing his own home in New Canaan, Connecticut known as â€Å"The Glass House,† a house whose walls are made entirely of windows. Other well-known works include the Seagram’s Building and the AT&T Building both in New York. In 1979 Johnson was awarded the first Pritzker Architecture Prize for his 50 years of work and designs in the field of architecture (6). Undoubtedly, Johnson has been a great influence in architecture though some will argue that Johnson’s style is quite whimsical seeming to change as often as the wind blows (3). Johnson’s response? â€Å"After fifty years you shouldn’t be doing the same thing† (3). Though at times controversial it cannot be denied that Johnson is one of the most brilliant and renowned architects of the past century. 2 Interestingly, some of Johnson’s most acclaimed buildings are found in Texas. In Dallas alone, Johnson has designed ...