Sacrificial Action Free Essays

In Bhagavad Gita 4. 31, Krishna said to Arjuna, â€Å"Those who eat the nectar of everlasting status left over from a conciliatory activity, they go to the unceasing Brahman† (Phillips 80). This section is taken from the Bhagavad Gita where Krishna, a celestial being, and Arjuna, the third of the five siblings battling for their territory. We will compose a custom article test on Conciliatory Action or on the other hand any comparative theme just for you Request Now With Arjuna having a situation of battling his own family, Krishna disclosed to him why the best activity is to battle (Phillips 80). In section three of the Bhagavad Gita, Krishna disclosed to Arjuna the importance of the conciliatory activity. It is supposed to be intentional accomplishing something or ‘sacrificing’ without thinking about the advantages you will win after the work, will prompt the incomparable great. This is known as the yoga of activity. Achieving this preeminent great excludes you from the law of karma (activity and response) and along these lines prompts nirvana (Phillips 81). In part four, Krishna brought up how and why he appeared as a human being. As indicated by him, he accepted a human embodiment so as to turn into a model for those individuals who might need to achieve the incomparable great. He additionally expresses that he had just gone to a human being to have the option to tell others the things the he is currently offering to Arjuna (Phillips 81). The Bhagavad Gita 4. 31 entry is the fourth chapter’s primary concern. In this section, Krishna revealed to Arjuna how to resemble him or to go to everlasting Brahman. The ‘nectar’ he referenced relates to the model that he or a practitioner of conciliatory activity makes. What's more, the significance of ‘eating the nectar’ involves following the instances of doing a conciliatory activity, so as to achieve incomparable great or to resemble Krishna (Phillips 82). The most effective method to refer to Sacrificial Action, Papers

Television Essays - Television Technology, Television,

TV TV We have at any rate a TV in our home. TV permits us to hear and consider occasions to be soon as they occur. On the off chance that our grandmother's mom or father see TV, they'll suprised and state 'This is diablo's machine!'. We sit in front of the TV at any rate two hour in a day. HOW WORKS TV? At the point when a TV program is communicated the sound and picture are conveyed at the same time by two diverse radio frameworks. The TV camera snaps the photo. Camera is the most significant piece of the camera. The light from the item is permitted to fall on a light sensivite plate situated inside the camera tube by the focal point. This plate comprises of thousands of light sensivite particles which go about as photoelectric cells. Each photoelectric cell emits electrons in a similar extent as the light falling on it. This structures a picture on the plate. The splendid and dull spots structure an electric flow which leaves the transmitter as transporter waves. These waves are gotten by the beneficiary. The TV recipient gets both the sound and the image. The radio wire of the TV set gets the powerless current and passes it to a cathode beam tube which is known as the image tube. The electron pillar checks the screen of the image tube in the very same manner that it filtered the objective of the camera tube and an image is shaped on TV screen. The picture on the screen changes 25 times each second and, since we can't recognize singular pictures moving at this speed, we see a persistently moving picture. WHO INVENTED THE TV? TV wasn't developed by a man. Numerous individuals helped for developing TV. (For instance German Nipkow (1884) , Russian Rosing (1911) , American Zworikin...) Designers 1884?Nipkow**German** 1911?Rosing**Russian**-Zworikin**American** 1923-1928?Baird**English** 1923-1928?Barthelemy-Halweck**French** Television's STEPS in WORLD ? N?PKOW He made a TV and he created examining plate with gaps. ? ROS?NG and ZWORYK?N They developed first vision on screen. ? BAIRD and HALWECK-BARTHELEMY Baird in England , Halweck and Barthelemy in France transmit obscure dreams with radioelectiric waves. ? 1947 The dreams turned out to be clear dreams ? 1951 Shaded TV was created. ? 1953 and 1962 Eurovision in 1953 , Mondovision in 1962 were communicated and TV turned into a significant thing in world. Television's STEPS in TURKEY ? 1963 Instruction place for TV was builded. ? 1966 A little telecaster was purchased for Ankara and began shut telecom. ? 1984 We began hued broadcasting.

HR Reality Check

HR Reality Check When you are in search of your first job, in addition to looking for a post that matches your qualification, you may have to choose between working for a startup and working for an established firm.The decision you make should be taken after careful consideration of the pros and cons of both work environments in terms of the kind of environment that suits your personality and preferences (such as core beliefs, job role and career goals). Before that, it is worthwhile to gain a basic understanding of the various stages of development in a business’s life cycle from startup to corporate. © Shutterstock.com | Alexander SupertrampThis article examines first 1) stages of a company in order to understand 2) what you can expect when working in a startup?STAGES OF A COMPANYJust as human beings develop from a baby to a teenager, a business too goes through a life cycle starting from the seed stage. Each stage is characterized by different challenges, priorities, operations and financing sources. For example, a business owner may have to devote a considerable amount of his time in the course of the business’s initial start-up period. As the company makes progress, he can start delegating responsibilities to others.The five key stages in a typical business life cycle are described below.  1. Seed Stage StartupAt this point, the business is only an idea, concept, thought or prototype. The business must pursue one key opportunity and work to gain market acceptance. In addition, it must concentrate on selection of a business ownership structure, business planning and locating professional advisors. Owing to being in a period of no certain market or customers, the business is forced to rely on family, friends, possibly angel investors, government grants, suppliers and customers for cash.2. Early-Stage Startup (venture capital backed)The business is now a living entity and a legal one too. The production of goods and services has begun and the company has its first customers. At this stage, the business must be careful not to deplete whatever little cash is available in hand. With respect to the area of focus, it is establishing a market presence and customer base in addition to preserving and tracking cash flow. The business is funded by its owner, family, friends, grants, suppliers and customers. Venture capital (VC) financing is another option. Venture capital is fiscal capital given to early stage, growth startup companies of high potential. The venture capital fund brings in money by holding equity in the companies invested in.3. Growth-Stage Startup (more than $10m in funding)Now, the business has grown from a baby to a child. Profits are strong and customers and revenues are increasing with the addition of opportunities and problems. Competition is beginning to rear its head. At this stage of its growth, the business has to handle the challenge of constant concerns, calling for more money and time. The company should be able to perform effective management, possibly come up with a fresh business plan and start delegating and training to pass this development stage with flying colors. Money is acquired through banks, partnerships, profits, leasing options and grants.4. SME (established stage)The business is prospering at this stage and has a position in the market along with faithful customers. There is more routine in the company’s working with manageable sales growth. It has to concentrate on the bigger picture so that all the laurels gained up to this stage are not depleted because of an unyielding competitive marketplace , changes in customer tastes, the economy or other factors. Survival at this stage would call for better business practices, outsourcing and automation to increase productivity. Investors, profits, banks and the government are key sources of money at this stage.5. Corporate (Expansion Stage)This stage is marked by a new phase of growth into new distribution channels and markets. SME owners typically prefer this stage to acquire a bigger market share and discover new channels for income and profits. The research and planning of the first two stages comes in handy here. Companies at this stage of the life cycle would do well to concentrate on businesses that match their current abilities and experience rather than risking disaster by venturing into unrelated businesses. They can either take their existing business to new markets or introduce new goods and services to existing markets. The key money sources at this stage are joint ventures, new investors, licensing, banks and partners.  WHAT TO EXPECT WHEN WORKING IN A STARTUP COMPARED TO A CORPORATE?Working in a start-up (seed stage, early stage, growth stage) is more fast-paced, fast- and ever-changing and on the whole, a place where there’s a lot of action and free communication in contrast to the slower-paced and more structured corporate environment. On the one hand, there’s more flexibility, opportunities, a steeper learning curve and better chances to create an impact here than that in a corporate setup (SME, corporate). At the same time, it comes with lower compensation and greater risk than that which can be expected in a more established work setup.The following points describe working in a startup in more detail and how it compares to working in a corporate:TransparencyStartups are typically more transparent than their corporate counterparts. Information that employees become aware of in startups include: company performance week to week, what made the company begin a new arm of business, changes i n business plan(s), how the company progresses and its reaction to competitors. In addition the leadership may reveal the triggers behind organizational decisions and provide insight into them rather than looking for blind obedience and possibly, even ask for feedback before executing them. Though startups don’t usually reveal salary information just as corporate companies don’t, Buffer co-founder Leo Widrich surprised many by making the salaries of Buffer’s employees and the formula behind them transparent to the world. RoleIf you work in a startup, you can expect to have to wear different hats, being required to carry out tasks you may consider outside of your job description. It is even possible that you may have to perform grunt work. On the other hand, working in a more established or corporate environment means you know exactly where you stand in the hierarchy. You’ll have a well-defined job role. Your work will remain within that job role. So, the startup offers the o pportunity for multitasking and gaining knowledge about other aspects of business besides your speciality. The varied roles make it suitable for those who dread monotony. In the corporate environment, one’s responsibilities are clear-cut and one can’t expect to be able to enter into or learn about other areas of work but then again, this is deal for people with specific career goals. ResponsibilityYou can expect more responsibility thrust on your shoulders if you’re working in a startup, when compared to a corporate. The teams in a startup are usually smaller than those in a corporate business and because of that, you may probably be the only person with the skill set or problem solving ability you have and probably no one else thinks in the same manner you do. Expect to have to pull your weight from the first day itself. However, because of the great degree of responsibility you get, your skills would develop faster than in a more established environment. You can also be happ y about the fact that you are contributing to something potentially major, right from the start. This doesn’t just have to be skills. You could be contributing to shaping the company’s products or even its goals, values and culture. You may get the opportunity to road test or improve on your ideas in actual scenarios.PressureWorking in a startup is far from easygoing and involves working under tight deadlines. You can expect considerable pressure, more pressure than what you’d find at other kinds of companies. If you don’t have the personality for it, you may feel overwhelmed by the pressure to hit metrics, acquire more traction, accomplish growth and results, and so on. The environment at a corporate company is comparatively more regimented. Exposure and MentorshipAs mentioned earlier, in a startup, there is greater exposure to the business side when compared to the corporate environment. There’s also plenty of exposure to the founders. However the management is busy and most probably, may be less experienced than you in a particular field. You’ll have to learn things on your own. In contrast, the opportunities for specialist training or mentorship are better in a more established or corporate business setting. There are specialists in each department and in addition to specialist knowledge, you have access to best practices. The management is better trained and experienced than those in smaller companies.Working HoursIn a startup, working hours are mostly long (12 hour workdays are common) and you may have to make personal sacrifices. In addition, you’ll have to respond to emails and phone calls outside working hours. The founders of startups have put in so much time and dedication to their foetus that many of them would want their startup employees to work very hard and so the irregular hours (and also tight deadlines as discussed under “pressure”) to complete projects on time. In spite of the often crazy working hours though, startups com pensate by flexibility for telecommunication, allowing to work from home or letting one look after personal business at short notice. With respect to corporate companies, the working hours are explicitly laid out (fixed schedule such as 8 a.m to 5 p.m or 9 a.m to 6 p.m.) which is favorable for work-life balance.SecurityYou can expect more security of your job and less volatility when you’re working for a more established company than for a startup. When you’re at a startup, you must keep in mind that you could be laid off at any time owing to financial problems. Seed funding won’t last forever. If you’re lucky, good for you, if you’re not, you’re going to be jobless.Documentation reveals that three out of every four startups (75 percent) fail. According to separate studies by the Bureau of Labor Statistics of the U.S Department of Labor and the Ewing Marion Kauffman Foundation, a not-for-profit concern that encourages U.S entrepreneurship, while approximately 60 percent of start-ups manage to endure only up to the age of three, only about 35 percent survive till the age of 10.Work expectationsIn the startup environment, getting work done is more important than perfection. Products and projects are not set in stone and improvement and revisions may have to be carried out as and when required. An employee in a startup shouldn’t allow himself to get stuck with one project for the sake of perfection. Secondly, scaling is not expected in this kind of environment. In fact, according to the Startup Genome Report, one of the common reasons for startups performing worse is premature scaling. Perfectionism and scaling are more welcome in a corporate environment.Work atmosphereThe atmosphere in a startup is characterized by more fun and open communication than that you’ll find in a corporate business. The opinions of all employees are valued.There’s rarely a dull moment as something is always happening. Dressing can be casual. There’s also great creat ive energy and team spirit. A startup employee’s colleagues usually share the same excitement and energy that he has and they all typically are aiming to achieve the same goals.RecognitionIn a startup environment, if you do good work, most probably your boss will notice it and even give you credit for it. At the same time, your boss will also easily notice whenever you’ve done something wrong. In contrast, when you’re at a corporate environment, most probably your “job well done” may hardly catch the attention of your boss so you can’t expect recognition for all the hard work you’ve put in. However, large companies do tolerate individual mistakes better.OpportunitiesIn a startup, you get a lot of opportunities, skills and experience (from having to be a jack of all trades) which you can adorn your CV with. What’s more, these will help you climb up the career ladder quite fast. Opportunities in a corporate setting are less or even lost. For example, owing to the diffi culties associated with changing product lines hastily at a large firm, the company could lose opportunities. The flexibility associated with a startup makes it easier to change key products fast. In the larger company setting, it is more of a challenge to progress up the career ladder.Compensation (Pay and benefits)The salaries and benefits in a startup are not much compared to what you’ll get in a corporate business. According to the Harvard Business Review,  it is a common trend among startups to pay average salaries that are 30 percent less than the market norms. In a startup, there is even a chance that you may be asked to accept a reduction in pay in exchange for equity. However, there may be in-office activities and paid lunches.The corporate environment offers better salary and benefits packages (such as holidays and healthcare). Insurance packages here are typically better than those seen with their startup counterparts. There may be more choice in the corporate insurance package which makes it possible to find something ideal for you and your family.Both the startup and corporate setting provide for a great professional experience. They both have their own distinct set of advantages and disadvantages so one can’t really say that one is better than the other â€" both types are just different. The most important thing to keep in mind to make the right choice of job (startup or corporate) is to know yourself and the different companies you are comparing, to work for. Whatever the environment you opt for, it shouldn’t take a toll on your health, or make you too uncomfortable. You don’t want to get fired just because the company structure and environment didn’t suit you in the first place.

Jewish Literature And The Holocaust - 899 Words

Holocaust literature is one of the emerging field in literature during the second half of the twentieth century. Several Holocaust survivors wrote about the atrocities they witnessed and their experiences during the incarceration. The word â€Å"Holocaust† encompasses images of death, horror, and inhumanity. Although many survivors find it difficult to talk aabout their experience, some of the took an oath to use their pen to protest against such horrible genocide and to make sure that this would never happen again. Primo Levi (1919-1987) and Elie Wiesel (1928-2016) were among those writers who made a significant contribution to the modern Jewish literature in general and the Holocaust in particular. Primo Levi is best known for his grandeur†¦show more content†¦Perhaps the most difficult part in studying the Holocaust literature is the language itself. Those who witnessed the Holocaust find it difficult to write about their experiences. Levi once said that words are difficult to describe the horror and feelings of the survivors of the Holocaust (Hornstein, Jacobowitz 1). Levi and Wiesel have fundamental differences with their experiences, observations, and reactions during their incarceration at the camp. The structure of the sentences in Levi’s memoir are concise, yet emotionally charged. Wiesel’s writing, on the other hand, is filled sometimes with religious ideas and prayers and in some occasions a total despair and anger with God. It is important to know that when Eliezer first arrived to Auschwitz, he sees things through a child’s eyes. He was fourteen years old. The fact that he lied about his age is a crucial moment to show his love to his old, sick father. Throughout the novel, Eliezer uses his naà ¯ve optimism and faith to survive. On the other hand, Levi was twenty-four years old when arrived to the camp. He was mature enough to use his genius and expertise to survive the horror. As the events unfold in Night, Eliezer witnesses the burning of the bodies and that immediately crushes his soul. He starts to lose his faith in society and questions the impartiality of God and the divine intervention to save them from such horrible pain. Eliezer sees the flames raising from a ditch andShow MoreRelatedWriters And Poets Of The Post Holocaust Era1426 Words   |  6 PagesThesis: Writers and poets of the post-Holocaust era have struggled through language to record their experiences. Despite the challenges, these authors are dependent on the limits of language and its reliance on metaphors in order to communicate the meaning they ultimately set out to convey. The daunting and complex process of detailing the past is done for the preservation of memory. The way in which past events are documented determines the way that future events are defined. Thus, encapsulatingRead MoreItalian Literature Paper. â€Å"It Is Not Possible To Sink Lower1366 Words   |  6 PagesItali an Literature Paper â€Å"It is not possible to sink lower than this; no human condition is more miserable than this, nor could it conceivably be so† (Levi 1238). This quote comes from Primo Levi’s story â€Å"On the Bottom†, where the audience gets a view of the vile and unspeakable event known today as the Holocaust. This event influenced Italian literature, taught people a great deal about the jewish culture, and showed people the true evil in history. To begin, the Jewish faith is one of the oldestRead MoreThe Horror Of The Holocaust859 Words   |  4 PagesThe Holocaust was perhaps the darkest event in the twentieth century. This genocide resulted in the death of six million Jews -not counting the death of soldiers from World War II. Although many Jews died during the Holocaust, some survived and spoke about their struggles and experiences. Art Spiegelman, an American cartoonist, interviewed his father, Vladek Spiegelman, a Holocaust survivor. After collecting information from the interviews with his father, Spiegelman, created Maus, a comic book novelRead MoreSenderS Profile Photofrank E. Smart. Holocaust Essay.1023 Words   |  5 Pages Sender s profile photo Frank E. Smart Holocaust Essay Mr. Grosse Feb 9 The Holocaust The Holocaust was the state-sponsored persecution also murder 6 Million Jews by the Nazi regimes. holocaust is also a Greek word meaning â€Å"Sacrifice by Fire†. The Nazi came in power in Germany in January 1933. They all believed that Germans was â€Å"Superior† and that the Jews, were also alien threating to call German racial community. In 1933, The Jewish population of Europe they all stood over nine millionRead MoreThe Holocaust Was Influenced By Hate, And The Remembrance Of Holocaust1430 Words   |  6 PagesThe Holocaust was the systematic killing and extermination of millions of Jews and other Europeans by the German Nazi state between 1939 and 1945. Innocent Europeans were forced from their homes into concentration camps, executed violently, and used for medical experiments. The Nazis believed their acts against this innocent society were justified when hate was the motivating factor. The Holocaust illustrates the consequences of prejudice, racism, and stere otyping on a society. It forces societiesRead MoreThe Holocaust And The Nazi War1011 Words   |  5 PagesThe Holocaust The Holocaust was the state-sponsored persecution also murder 6 Million Jews by the Nazi regimes. holocaust is also a Greek word meaning â€Å"Sacrifice by Fire†. The Nazi came in power in Germany in January 1933. They all believed that Germans was â€Å"Superior† and that the Jews, were also alien threating to call German racial community. In 1933, The Jewish population of Europe they all stood over nine million. The Jews lived in the countries that Nazi Germany would occupy of the influenceRead MoreComparing American Slavery and the Holocaust994 Words   |  4 Pages The purpose of this essay is to compare and contrast the American Slavery and the Holocaust, in terms of which one was more malevolent than the other. Research indicates that â€Å"the â€Å"competition† between African-American and Jews has served to trivialize the malevolence which both has suffered† (Newton, 1999). According to L. Thomas â€Å"A separate issue that contributes to the tension between blacks and Jews refer to to the role that Jews played in the American Slave trade.† History Around 1600Read MoreThe Comic Book MAUS1288 Words   |  5 PagesMAUS Introduction Since the publishing of the comic book MAUS, there has been a broad debate not only from the survivors of the Holocaust but within the Jewish community pertaining to the appropriateness and representational meaning of the Holocaust in the modern literature. Many people who participate in the discussions or read the book have perceived the comic fashioning of the book as trivial, hence making the book appear as mocking, derogatory and comedic. Nevertheless, this is not theRead MoreThe Holocaust Of The Nazi Party791 Words   |  4 Pagespolicies included â€Å"purifying† Germany, taking over the world, and exterminating any group of people that contradicted their idea of a perfect society, namely the Jewish. By 1945 twenty million people died, including gypsies (Romanian), the Polish, Soviet citizens, the disabled, Jehovah’s Witnesses, homosexuals and yes the Jewish. The Holocaust is a prime example of genocide. The Nazis sent their prisoners to concentration camps where they were denied food, forced to work ungodly hours and made to sleepRead MoreAutobiographical Literature of the Holocaust1641 Words   |  7 Pagesï » ¿Jpz777 03/11/2013 Order # 2087935 Literature has always been mankinds greatest medium with which to express the spectrum of human emotion and experience, from the anguish of love lost to the joy of discovery, but the evocative power of the written word can also be used to capture the horrors that men are capable of inflicting on one another. During the Holocaust of World War II, during which the Nazi regime of Germany occupied much of continental Europe and murdered more than 6 million Jews

Bowlby s Evolutionary Theory Of Attachment - 1497 Words

Bowlby defined attachment as â€Å"a lasting psychological integration bounded by human beings† (Bowlby, 1969, p.194). However, attachment can also be described as a strong, mutual, emotional connection or relationship formed between two people, mostly between infant and its caregiver. According to Macoby (1988) attachment has four key characteristics which are: proximity; where an infant always want to stay near the attached caregiver. Separation anxiety; is when the infant is distressed when separated from the caregiver. Pleasure, when the infant and the caregiver feel pleasure at reunion and lastly frequent contact; where the infant is always conscious of the caregiver and desire to be in contact with caregiver. The attachment theory on nativist debate emphases on nature or biological factors, for example genes in developing attachment. Bowlby’s evolutionary theory of attachment is an example that support the nativist debate which recommends that children are present on this earth as a nativist (biological) pre-planned to develop bond with other people, which enable them to survive in their environments. He was greatly prejudiced by ethological theory in overall, but particularly by Lorenz’s (1935) study of imprinting; Lorenz displayed that â€Å"attachment was innate in young ducklings. Lorenz believed the ability for animals to form an emotional bond is inborn and adaptive, so he carried out a study to found out the natural behaviours in animals particularly in greylag geese andShow MoreRelatedThe Attachment Theory Since The Time Of John Bolwby. Bowlby s Evolutionary Theory Of Attachment1979 Words   |  8 PagesThis essay sets out to discuss important developments of the a ttachment theory since the time of John Bolwby. Bowlby’s evolutionary theory of attachment suggests that children come into the world biologically pre-programmed to form attachments with others, to help them survive. He believed that attachment behaviors are instinctive and are activated by any conditions that seem to threaten the achievement of proximity, so separation, insecurity and fear (McLeod, 2007). The first development to be discussedRead MoreOutline Key Features of the Evolutionary Perspective Explanation of Attachment and Evaluate751 Words   |  4 PagesOutline key features of the evolutionary perspective explanation of attachment and evaluate. An attachment is an emotional bond between two people. It is a two-way process that endures over time. An evolutionary perspective of attachment was researched by the famous John Bowlby in 1969. Bowlby observed both humans and mammals. Bowlby s theory is an evolutionary theory, he emphasised that attachment had evolved, which means it was not something that was taught, because of its survival and reproductiveRead MoreThe Debate Of Nature Vs Nurture1445 Words   |  6 Pagesperspectives and theories from the behaviourist and biological approaches and the objective of this assignment is to discuss the importance of attachment in human development. To do this we can make reference to the case of Genie who suffered severe neglect as a child. Behaviourism was first introduced by John Watson who opposed the naturists and took the view that the mind is there to be manipulated through conditioning methods and so attachments are learned. However there are theories and studies whichRead MoreQuestions On Theories Of Attachment Essay1191 Words   |  5 PagesUnderstand Theories of Attachment. Evaluating two theories that explain the development of the infant attachment to parents or surrogates. Ainsworth and Bell’s theory, based on Strange Situation Test (SST), and Bowlby’s monotropic theory will be evaluated and shall show their usefulness in psychological research. Summary of Attachment. An attachment is, to quote Kagan et al. (1978, cited in Gross, 2015), â€Å"†¦an intense emotional relationship that is specific to two people, that endures over time,Read MoreBowlby s Theory Of Attachment1255 Words   |  6 PagesAttachment refers to an affectional bond; a bond which is exclusive to an individual and cannot be exchanged to another. A particularly important bond is the emotional one between an infant and its primary care giver. When it comes to attachment it is often said that it is either down to nature or nurture. Nature is the belief that it is genetic based whilst nurture believes it is our environment and experiences. Bowlby focuses on the evolutionary argument for attachment. Bowlby’s theory can beRead MoreDevelopment Of Attachment Of The Learning And Evolutionary Theories1579 Words   |  7 Pageswill be evaluating the development of attachment of the learning and evolutionary theories. I will also be looking at different view points regarding the impact of early experience on later life. The first theory I will be looking at is the learning theory. The learning theory is also called behaviourism, which says all of our behaviour is learnt because â€Å"when born our mind is tabula rasa (a blank slate).† (McLeod, 2007). The behaviourist theory of attachment was proposed by Dollard Miller inRead MoreEvolutionary Psychology : The Brain, Immune System, And Genetics894 Words   |  4 Pageswhen put within these situations. Evolutionary Psychology is of humans when they experience a changing environment and look for differences within their behaviours, their cognition and also their brain structure. They use observations to gain knowledge about how it affects people within the changes. Evolutionary psychology was based on the roots of Charles Darwin’s theory of natural selection but it has been massively influenced by other fields such as, evolutionary biology, genetics, ethology andRead MoreLearning Theory Of Attachment And The Other Being Bowlbys Evolution Theory1692 Words   |  7 Pagesdevelopment in later life. Attachment theories are studied and the effect of no attachment or disrupted attachment is studied and aimed to be resolved. John Bowlby defined attachment as the emotional and physical connection that makes two people stay close to one another. It is between children and their primary caregivers (Psychologistworld.com, 2016). This essay will discuss and evaluate two theories of attachment: one being Dollard and Miller’s learning theory of attachment and the other being Bowlby’sRead MoreAttachment Theory886 Words   |  4 Pagesï » ¿Attachment Theory The Attachment theory is focused on the relationships and bonds between people, particularly long-term relationships including those between a parent and child and between romantic partners. Attachment is an emotional bond to another person. Psychologist John Bowlby (1969, 1988) was the first attachment theorist, describing attachment as a lasting psychological connectedness between human beings. Bowlby believed that the earliest bonds formed by children with their caregiversRead MoreThe Theory Of Developmental Psychology1336 Words   |  6 Pageswhich aims to look at how children and adults develop. Theories such as Bowlby s attachment theory can explain how a child s development can be altered by their attachment, thus leading to the ideology of the nature vs nurture debate, nature referring to the process of biological maturation while nurture is referring to the impact of the environment or surroundings, which involves the idea that a person learns through experiences. (McLeod, S. A, 2012) The Psychodynamic approach was developed by

Global Financial Crisis and Nigerian Stock Market Volatility Free Essays

string(624) " small changes in economic fundamentals, Minsky’s theorised that financial fragility is a typical feature of any capitalist economy and financial fragility levels move together with the business cycle, but the Herding and Learning models explained that asset purchases by a few agents encourage others to buy too, not because the true value of the asset increases when many buy \(which is called â€Å"strategic omplementarity†\), but because investors come to believe the true asset value is high when they observe others buying \(Avery Zemsky, 1998, Chari and Kehoe, 2004, Cipriani Guarino, 2008\)\." GLOBAL FINANCIAL CRISIS AND NIGERIAN STOCK MARKET VOLATILITY Abdul ADAMU Department of Business Administration, Nasarawa State University, Keffi – Nasarawa State. adamuabdulmumeen@yahoo. com uooba1009@gmail. We will write a custom essay sample on Global Financial Crisis and Nigerian Stock Market Volatility or any similar topic only for you Order Now com Tel. +2348029445391, +2348064851648. Paper presented at the National Conference on â€Å"Managing the challenges of Global Financial Crisis in Developing Economies† organised by the Faculty of Administration, Nasarawa State University, Keffi, Nasarawa State – Nigeria held between March 9 – 11, 2010. Abstract The current global financial crisis is no longer news but a reality. Our policy makers in the country have been proven wrong based on their argument that the country was insulated. Some of the sectors that have felt the heat of the crisis are the banking sector and the stock market. In the stock market, investors lost trillions of naira due the downward fall in the prices of stock. Based on this, the study assesses the extent of the stock market volatility in the period preceding the crisis and the period of the crisis. Using the All Share Index, the returns for various months were computed, descriptive statistics of the returns was calculated and the volatility of the market was estimated using the standard deviation. It was found that the stock market is highly volatile in the period of the financial crisis than the period preceding it. The recommendation is that the depth of instruments in the stock market should be varied in terms of fixed securities than equity instruments. Introduction The global economic crisis, which first emerged as a financial crisis in one country, has now fully installed itself with no bottom yet in sight. The world economy is in a deep recession, and the danger of falling into a deflationary trap cannot be dismissed for many important countries (UNCTAD, 2009). The recent global economic crisis was a result of economic and political events in the United States. What started with amended federal policy and poor mortgage lending practices, resulted in a world-wide economic meltdown that spread like a virus (Beck, 2008). The US sub-prime mortgage market triggered the crisis as a result of credit crunch within this market. Most countries around the world have approached this ‘tsunami’ pragmatically with emergency funding support for relevant sectors, so as to mitigate the impact of the crisis on economies as well as avoiding the entire collapse of the international financial system (Ajakaiye Fakiyesi, 2009). Despite these supports by various governments in the form bailout, it does not stop some countries to go into recession, because of large decline in their wealth, manifesting itself in falling productive capacity, growth, employment and welfare. At first, the direct impact of the financial crisis on the African economies was limited as African countries has weak integration with the global economy and most commercial banks in the region refrained from investing in the troubled assets from the US and other part of the world (Adamu, 2008). This is why most commentators argue that Africa is so far insulated from the direct effects of the financial crisis at least in the short-run. But now, this is not the case as the rate of unemployment and liquidity squeeze is becoming unbearable. In Nigeria, like other African developing countries, the initial response to the crisis was rather meek, as if our policy makers do not understand the gravity of the crisis. While the developed countries were busy trying to bailout their economy in order to mitigate the effects of the crisis, our leaders were hiding under the shadow of insulation. The most visible sector being hit by this crisis in the Nigerian economy is the capital market. The Nigerian Stock Exchange, the flagship of Nigeria’s capital market has witnessed unprecedented turbulence since April, 2008. First, the downward slide of the stocks on the market dominated by the banking sector made experts restive and regulatory authorities jittery. While accusing fingers were being pointed at different directions as the cause of this volatility in the prices of stocks, the market began a free-fall never witnessed in the history of capital market operations in Nigeria. Both local and foreign investors who had taken advantage of the optimal return on investments on the stock exchange began to scamper elsewhere in desperation. Some of the questions that are critical to this trend in the capital market are; what is the extent of the stock price volatility on the Nigerian Stock Exchange? What are the factors that impacted the stock price volatility? To what extent has this volatility in stock price affected investors? What can the regulatory authority do to contain this problem? This paper will address the first question raised above. This part is the introduction and the rest of the paper is arranged as follows; section two discussed the concept of financial crisis, the Nigerian capital market and the crisis, then stock market volatility. In section three, we discuss data and methodology, then results and discussions in section four and finally, summary and conclusions in section five. The concept of financial crisis The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults (Kindleberger Aliber, 2005, Laeven Valencia, 2008). Some economic theories that explained financial crises includes the World systems theory which explained the dangers and perils, which leading industrial nations will be facing (and are now facing) at the end of the long economic cycle, which began after the oil crisis of 1973. While Coordination games, a mathematical approach to modelling financial crises have emphasized that there is often positive feedback between market participants’ decisions (Krugman, 2008). Positive feedback implies that there may be dramatic changes in asset values in response to small changes in economic fundamentals, Minsky’s theorised that financial fragility is a typical feature of any capitalist economy and financial fragility levels move together with the business cycle, but the Herding and Learning models explained that asset purchases by a few agents encourage others to buy too, not because the true value of the asset increases when many buy (which is called â€Å"strategic omplementarity†), but because investors come to believe the true asset value is high when they observe others buying (Avery Zemsky, 1998, Chari and Kehoe, 2004, Cipriani Guarino, 2008). You read "Global Financial Crisis and Nigerian Stock Market Volatility" in category "Papers" The Nigerian Capital Market and the Crisis The All Share Index and the market capitalisation of the 233 listed equities capture activities and performance on the Nigerian Stock Exchange (NSE). Before t he crisis, there has been a consistent growth in these performance indicators over the year (see fig. 1). For instance, the All Share Index according to data from www. cashcraft. com grow from a value of 12,137 in 2002 to 66,371. 2 points on March 5, 2008, with a market capitalisation of about N12. 640 trillion, after which values fell to 20,827. 17 points on December 31, 2009, with a market capitalisation of 4. 989 trillion because of the meltdown. This shows that by the end of the year 2009, the All Share Index had lost a total share of about 69%, while market capitalisation had lost 61% of its value. There are concerns regarding how rapidly the global financial crisis affected the Nigerian Capital Market, especially given that there is virtually no cross-ownership of banks (investment or otherwise) between Nigeria and foreign countries, and there is hardly any domestic mortgage market for there to be a sub-prime problem as found particularly in the UK and the USA (Aluko, 2008; Ajakaiye Fakiyesi, 2009). The decline of indicators of activities on the NSE before the escalation of the crisis on the global scene in July 2008 became a source of concern for many. It is difficult to attribute this decline to any particular factor, but those factors that may have direct or indirect impact are as follows; i. Foreign portfolio investments withdrawals and reduced foreign direct investment affect investor confidence in Nigeria (Adamu, 2008; Aluko, 2008; and Ajakaiye Fakiyesi, 2009). This is the case because most foreigners withhold their investments in order to service their financial problems at home. This exposed the country to FDI uncertainties and vagaries, particularly in an era where public-private partnership (PPP) of huge investment plans such as oil and gas – LNG projects, power plants, railways, housing and roads are being encouraged. ii. Another factor which according to Ajakaiye Fakiyesi (2009) that had serious impact on the stock market is what they called the ‘intensifiers’. These include policy interpretations by the market, which may have been induced by the slow government initial stand on the economy. This also includes interpretation of announcements, proclamations and rumours by the market. Examples include the proposed recapitalisation plan of the stock market players (stock broking firms), as well as rumours on the termination of margin lending by banks. iii. The phenomenon of marginal lending in Nigeria, whereby investors borrow money from banks to invest in other financial instruments like IPOs of banks with the hope of making quick returns. This may also be termed Nigeria’s own version of the ‘sub-prime problem’, as it resulted in an exploding domestic stock market and stock prices and astounding returns to both the speculators and providers of the margin funds. This make the banks to feel the heat of the crisis as most margin loans become difficult to repay due to the downward trend in the market. iv. With the currency overdependence on oil revenue, the downward trend in the price of crude oil and prospects for economic recession in the developed world and Europe which are the markets for the oil, also contributed for the fall in the stock market. Because it look as if Nigeria’s capital market bear cycle actually began with the decline of oil prices in July, and accelerated with its further decline in September and October (Aluko, 2008; Ajakaiye Fakaiye, 2009). Stock Market Volatility Stock volatility refers to the potential for a given stock to experience a drastic decrease or increase in value within a predetermined period of time. Investors evaluate the volatility of stock before making a decision to purchase a new stock offering, buy additional shares of a stock already in the portfolio, or sell stock currently in the possession of the investor. In recent months, it has not been unusual to see the value of major stock indexes, such as the S 500, NIKKEI, DOW JONES, KOSPI, FTSE, and our own NSE-ASI change by as much as 3% in a single day. Unfortunately for many investors, the general direction of those changes has been downward. To many, this volatility is driven by the recent global financial crisis. Stock market volatility tends to be persistent; that is, periods of high volatility as well as low volatility tend to last for months. In particular, periods of high volatility tend to occur when stock prices are falling and during recessions. Stock market volatility also is positively related to volatility in economic variables, such as inflation, industrial production, and debt levels in the corporate sector (Schwert, 1989). The persistence in volatility is not surprising: stock market volatility should depend on the overall health of the economy, and real economic variables themselves tend to display persistence. The persistence of stock market return volatility has two interesting implications. First, volatility is a proxy for investment risk. Persistence in volatility implies that the risk and return trade-off changes in a predictable way over the business cycle. Second, the persistence in volatility can be used to predict future economic variables. For example, Campbell, Lettau, Malkiel, and Xu (2001) show that stock market volatility helps to predict GDP growth. Volatility may impair the smooth functioning of the financial system and adversely affect economic performance (Mala Reddy, 2007). Similarly, stock market volatility also has a number of negative implications. One of the ways in which it affects the economy is through its effect on consumer spending (Campbell, 1996; Starr-McCluer, 1998; Ludvigson Steindel, 1999; and Poterba, 2000). The impact of stock market volatility on consumer spending is related via the wealth effect. Increased wealth will drive up consumer spending. However, a fall in stock market will weaken consumer confidence and thus drive down consumer spending. Stock market volatility may also affect business investment (Zuliu, 1995) and economic growth directly (Levine Zervos, 1996; and Arestis, Demetriades, Luintel, 2001). A rise in stock market volatility can be interpreted as a rise in risk of equity investment and thus a shift of funds to less risky assets. This move could lead to a rise in cost of funds to firms and thus new firms might bear this effect as investors will turn to purchase of stock in larger, well known firms. While there is a general consensus on what constitutes stock market volatility and, to a lesser extent, on how to measure it, there is far less agreement on the causes of changes in stock market volatility. Some economists see the causes of volatility in the arrival of new, unanticipated information that alters expected returns on a stock (Engle, 1982). Thus, changes in market volatility would merely reflect changes in the local or global economic environment. Others claim that volatility is caused mainly by changes in trading volume, practices or patterns, which in turn are driven by factors such as modifications in macroeconomic policies, shifts in investor tolerance of risk and increased uncertainty. The degree of stock market volatility can help forecasters predict the path of an economy’s growth and the structure of volatility can imply that â€Å"investors now need to hold more stocks in their portfolio to achieve diversification†(Krainer, 2002). Data and Methodology This research relies on the daily All Share Index (ASI) of the Nigerian Stock Exchange as reported by the exchange and on Cashcraft database. There are 233 listed companies on the Nigerian Stock Exchange and the ASI is the major index that captures the performance of all the shares of the listed companies. Using the ASI, the monthly returns (%) were calculated using the formula below; Where Vf is the ASI at the end of the month, and Vi is the ASI at the beginning of the month. These returns were calculated for all the 48 months used in this study. We measure volatility using the standard deviation and/or variance. This is done by dividing the period under study into two. The first period comprises of 24 months observation for 2006 and 2007, the period prior to the crisis and the second 24 observations were for 2008 and 2009, the period of the crisis. In examining volatility changes over time, we compare the variances or standard deviations of the different periods and determine if they are statistically significantly different from each other. To estimate volatility, the expected returns or mean for these periods returns were computed using the equation; This implies that is the average of the return values. Using this value for and the variance estimate results in a formula for the volatility is given as; . It follows that the estimation of the volatility constant given by Wilmott, Howison and Dewynne (1995) is: Lastly, the expected returns and the standard deviations will be used in testing the hypothesis whether there is a significant difference between the means of the two observation using t – statistic for testing difference of two means. Results and Discussions Table 1 shows the descriptive statistics of the monthly returns for the two periods. For the period 2006 – 2007, the average return was 3. 42% with a standard deviation of 5. 37%. This is showing that during this period, stock market returns was less volatile because a less volatile stock will have a price/return that will deviate relatively from the mean little over time. This is the period when investors have consistent positive returns on their investment and there are willing to invest because stock returns are less volatile and their exposure to risk is less. Table 1. Descriptive Statistics RETURNS %2006-072008-09 Mean3. 4233 -4. 3658 Standard Error1. 09552. 5003 Median3. 550-4. 8400 ModeN/AN/A Standard Deviation5. 367012. 2489 Sample Variance28. 8050150. 0365 Kurtosis0. 67236. 3865 Skewness0. 39191. 4372 Range24. 6669. 15 Minimum-7. 44-30. 95 Maximum17. 2238. 2 Sum82. 16-104. 78 Count2424 Source; excel output On the other hand, during the period 2008 – 2009, there was a negative average return of –4. 37% with a standard deviation of 12. 25% showing high volatility in returns. This is as a result of the accelerated downward fall of the stock prices on the Nigerian Stock Exchange as a result of loss of investors’ confidence due to the global financial crisis. This period is characterised by negative returns which results to high volatility, and as we can see, the more volatile that a stock is, the harder it is to isolate where it could be on a future date. Since volatility is associated with risk, the more volatile that a stock is, the more risky it is. Consequently, the more risky a stock is, the harder it is to say with any certainty what the future price of the stock will be. When people invest, they would like to have no risk. The least amount of risk that is involved, the better the investment is. Since almost every investment has some risk, investors have looked for ways to minimize risk, so their best reaction was to avoid the stock market and this affected the market. The other descriptive statistics showed that both distributions are positive or right – skewed, meaning that most of the returns are in the lower portion of the distribution and there are some returns that has extremely large values and this pull the mean return upward to be greater than the median, specifically for the second period. Both has a positive kurtosis value of 0. 6723 and 6. 865 indicates a distribution with a sharper peak than a bell – shaped curves. The result of the test for the hypothesis to determine whether there is a significant difference between the means of the two observations is presented in table 2 below. The hypothesis is; Ho:  µ1 =  µ2 i. e. there is no difference in the means of the two observations H1:  µ1 ?  µ2 i. e. there is difference in the means of the tw o observations. From the result of the t- test, the null hypothesis is rejected at 5% level of significance. This is because t = 2. 85 ; t = 2. 01. the p – value computed is 0. 064 and it indicates that if the means are equal, the probability of observing a difference this large in the sample means is only 0. 0064. Based on this, there is sufficient evidence to conclude that the mean returns are different for the two periods, and that returns are lower in the period of the crisis than the period before it. This confirms the reason why there is higher volatility in this period than the other period. Table 2. t – Test for differences in Two means (assumes equal population variances) Data Hypothesized Difference0 Level of Significance0. 05 Population 1 Sample Sample Size24 Sample Mean3. 233 Sample Standard Deviation5. 367 Population 2 Sample Sample Size24 Sample Mean-4. 3658 Sample Standard Deviation12. 2489 Intermediate Calculations Population 1 Sample Degrees of Freedom 23 Population 2 Sample Degrees of Freedom23 Total Degrees of Freedom46 Pooled Variance89. 42012 Difference in Sample Means7. 7891 t Test Statistic2. 853384 Two-Tail Test Lower Critical Value-2. 012896 Upper Critical Value2. 012896 p-Value0. 006463 Reject the null hypothesis Source; Excel output Conclusion and recommendations The paper studied the extent of the stock market volatility in the period of 2006 – 2009. The period is divided into 24 months each to study the volatility of market returns between 2006 – 2007, and between 2008 – 2009. On the basis of the results it was found that the period 2006 – 2007 is less volatile than the period of 2008 – 2009; and this is due to the global financial that have affected investors’ confidence. Since volatility is associated with risk, the more volatile that a stock is, the more risky it is. Consequently, the more risky a stock is, the harder it is to say with any certainty what the future price of the stock will be. When people invest, they would like to have no risk. The least amount of risk that is involved, the better the investment is. Since almost every investment has some risk, investors have looked for ways to minimize risk, so their best reaction was to avoid the stock market and this affected the market. The recommendation is that the stock market instruments need to be diversified away form equity instruments to more of fixed security instruments. References Adamu, A. (2008). The Effects of global financial crisis on Nigerian Economy. International Journal of Investment and Finance Vol. 1. #12. Ajakaiye, O. Fakiyesi, T. (2009). Global financial crisis Discussion paper 8: Nigeria. Oversea Development Institute, London. Aluko, M. (2008). The global financial meltdown: Impact on Nigeria’s capital market and foreign reserves. retrieved from www. google. com on 14 January, 2010. Arestis, P. , Demetriades, P. O. Luintel, K. B. (2001). Financial development and economic growth: The role of stock markets. Journal of Money, Credit and Banking, 33(2):16-41. Avery, C. , Zemsky, P. (1998). Multidimensional uncertainty and herd behavior in financial markets. American Economic Review 88, pp. 724-748. Campbell, J. (1996). Consumption and the stock market: Interpreting international experience. NBER Working Paper, 5610. Campbell, J. , Lettau, M. , Malkiel, B. , Xu, Y. (2001). Have individual stocks become more volatile? An empirical exploration of idiosyncratic risk. Journal of Finance 56, pp. 1–43. Chari, V. , Kehoe, P. (2004). Financial crises as herds: overturning the critiques. Journal of Economic Theory 119, pp. 128-150. Cipriani, M. , Guarino, A. (2008). Herd behavior and contagion in financial markets. The B. E. Journal of Theoretical Economics 8(1) (Contributions), Article 24, pp. 1-54. Engle, R. F. (1982). Autoregressive conditional heteroscadasticity with estimates of the variance of the U. K. inflation. Econometrica, 50(3):987-1008. Kinder, C. (2002). Estimating Stock Volatility. retrievd from www. google. com on 19 January, 2010. Kindleberger, C. P. , Aliber, R. (2005). Manias, Panics, and Crashes: A History of Financial Crises (5th ed). Wiley, ISBN 0471467146. Krainer, J. (2002). Stock market volatility. FRBSF Economic Letter, Western Banking, 2002-32, pp1-4. Krugman, P. (2008, October, 27). The widening gyre. New York Times. Laeven, L. , Valencia, F. (2008). Systemic banking crises: A new database. International Monetary Fund Working Paper 08/224. Levine, R S. Zervos (1996). Stock market development and long-run growth. World Bank Economic Review, 10(1):323-339. Ludvigson, S C. Steindel (1999). How important is the stock market effect on consumption. Federal Reserve Bank of New York Economic Policy Review, 5(1):29-51. Mala, R, Reddy, M. (2007). Measuring stock market volatility in an emerging economy. International Research Journal of Finance and Economics Issue 8 126-133. Poterba, J. M. (2000). Stock market wealth and consumption†, Journal of Economic Perspectives, 14(2):99-118. Schwert, W. (1989). Why does stock market volatility change over time? Journal of Finance 44, pp. 1,115–1,153. Starr-McCluer, M. (1998). Stock market wealth and consumer spending. Board of Governors of the Federal Reserve System, Finance and Economics Discussion Paper Series, 8/20. UNCTAD (2009). Global economic meltdown. Geneva: United Nation Conference on Trade and development Wilmott, P. , Howison, S. , Dewynne, J. (1995). The Mathematics of Financial Derivatives. New York: Cambridge University Press. Zuliu, H (1995). Stock market volatility and corporate investment†, IMF Working Paper, 95/102. www. cashcraft. com Appendices 1. Monthly returns computed using the NSE-ASI MONTHS/ YEARSRETURNS %MONTHS/ YEARSRETURNS % Jan-06-1. 69Jan-08-0. 02 Feb-060. 30Feb-08-11. 1 Mar-06-2. 00Mar-08-4. 01 Apr-06-0. 75Apr-08-5. 67 May-065. 45May-08-0. 33 Jun-065. 66Jun-080. 00 Jul-066. 75Jul-08-6. 90 Aug-0617. 22Aug-08-9. 22 Sep-060. 67Sep-08-6. 07 Oct-060. 35Oct-08-20. 96 Nov-06-3. 84Nov-08-9. 08 Dec-064. 92Dec-08-2. 37 Jan-078. 93Jan-09-30. 95 Feb-0710. 62Feb-097. 17 Mar-074. 87Mar-09-12. 60 Apr-078. 44Apr-098. 15 May-075. 95 May-0938. 20 Jun-072. 44Jun-09-12. 63 Jul-070. 94Jul-09-7. 09 Aug-07-7. 44Aug-09-10. 42 Sep-07-0. 12Sep-09-2. 2 Oct-07-0. 16Oct-09-3. 08 Nov-077. 82Nov-09-3. 64 Dec-076. 83Dec-090. 05 Figure 1. Stock market performance, 2002-2009 Source: Extracted from Ajakaiye and Fakiyesi (2009) How to cite Global Financial Crisis and Nigerian Stock Market Volatility, Papers

Underground Band Music Musician of Bangladesh free essay sample

The underground bands in our country are originally influenced by western underground culture and Metallic, Iron Maiden, Judas Priest, Megalith, Painter, Bullet For My Valentine, Children of Stood, Cradle of Filth, Red Jumpsuit Apparatus, Green Days, Van Helen and so on. Some musicians of underground bands play an important role in promoting and developing underground music and musical activities. During these few years we have seen many big musical talent hunt shows in country. These talent hunt shows were telecast in national TV channels.In these days we can see that people love to go concerts and places where music is available. In the past underground music were very much neglected by the common people of our country. Ere present situation of our country is favorable to the music industry and culture of our country. Now-a-days different event management firms are not only coming forward to organize music events and shows but also they are helping promoting of underground music and bands. Underground bands of our country are not only performing in our country but also doing the same in some others countries.Even they are working with foreign bands and artists. We really hope that someday the underground music of our country will get international recognition. 11)Underground World Music: Ere term underground music has been applied to several artistic movements, such s the psychedelic music movement of the mid-asses, but the term underground has since then come to be defined by any musical artist/band that avoids becoming a trend/mainstream. Other early underground bands include the Velvet Underground, MAC, The Grateful Dead, Patti Smith, and the Stooges.Frank Zap tried to define underground by noting that the mainstream comes to you, but you have to go to the underground. In the asses, the term underground was associated Ninth the hippie counterculture of young people who had dropped out of college and their middle class life to live in an off-the-grid commune of fre e love and cannabis. In modern popular music, the term underground refers to a performers or bands ranging from artists that do DID guerilla concerts and self-recorded shows to those that are signed to small independent labels.In some musical styles, the term controversial, as in the case of early asses death metal bands in the US such as Cannibal Corpse for their gory cover art and lyrical themes. Black metal is also an underground form of music and its Norwegian scene are notorious for their association with church burnings, the occult, murders and their Anti-Christian views. All of extreme metal is considered underground music for its extreme nature. 1. 1)Evolution: Ere style of underground music ranges from the asses psychedelic music of the US hippie counterculture, to the DID anti-corporatism of asses-era punk rock, to asses and asses-era hip hop.While the term comprises a range of different musical genres, they can typically share common values, such as the valuing of sincerity and intimacy; an e mphasis on freedom of creative expression; an appreciation of artistic creativity. As well, while very few types of underground music are completely hidden -?except perhaps the underground rock scenes in the pre-Geographer Soviet Union-? he performances and recordings may be difficult to find for outsiders. Some underground musical genres never left their non-mainstream roots, such as Jagged, aggressive I-J 82-style hardcore punk bands like Discharge.Some underground styles eventually became mainstream, commercialese pop styles, such as underground hip hop of the early asses, which eventually became popular. In the asses, the increasing availability of the Internet and digital music technologies made underground music easier to distribute using streaming audio and bedposts. Some experts in cultural studies now argue that that there is no underground because the internet has made what was underground music accessible to everyone at the click of a mouse.One expert, Martin Raymond, of London based company The Future Laboratory commented in an article in The Independe nt, saying trends in music, art and politics are frequently changing. 11. 2)Trends and Current Situation: Music is a part of life and culture. As the time passes music finds a way of its own like our life style, culture and attitude. Different types of new music genres are being introduced every day. People are accepting these new trends in a positive way which Nas not possible in previous times. This is a significant sign that worlds music culture is walking toward a vast new musical evolution.With the development of technologies and communication system the quality of music is getting richer and becoming available to the people of every corner of the world. Page Z)Underground Music In Bangladesh: Englands is traditionally very rich in its musical heritage. From the ancient times, music documented the lives of the people and was widely patronized by the rulers. Music style of Bangladesh may be divided into three categories, mainly the classical, folk and the modern. 1971-1990: Bangladesh becomes independent during this period of time.So as an obvious fact patriotic song was the most popular genre in this era. During 75176 the now GURU of angel pop music, Exam Khan started a whole new era of music that lasted till the nineties. They introduced some modern instruments like Electric guitar, Bass, Drums and Banjo etc. Influenced by the western pattern of music, such as band like Battles, Eagles, and Rainbow etc. 1991-2000: During this time pop music or the so-called band music captured the music industry of our country. Souls, Obscure, Feed Back, Chime, Different Touch, Renaissance, L. R.B, Feelings, Miles, Winning, ARK, Mongo Ball, Warfare etc. Were some of the leading bands of our country at that time. They had begun a new race in lyrics and composition. These bands were greatly influenced by the western music of that time. They started a different genre of music in our country with a western flavor, by which our teen generation are still amazed. 2000-Present: In this era some extremely popular bands like Black, Orthicon, ARTICLE, Chromatin, Cryptic Fate and a few others raised in this country. Most of them were influenced by the western metallic bands like Metallic, Iron Maiden, Judas Priest,Black Sabbath, Megalith, Supernatural etc. Some underground bands like Mechanic, Power Surge, Stentorian, Generalist, Nemesis, Airbrush are hugely popular among the new generation. Page 2. 2)Some of the popular underground bands and their genre: 1)Rock/Hard Rock/Alternative Rock/Progressive Rock Cryptic Fate Article The Watson Brothers DNA Fake Plastic Superheroes Breach Nemesis Decipher Bassoonist 2)Thrash Metal Poison Green X-Cranium 3)Death Metal/Black Metal Barrack Dripping Gore Eclipse Severe Dementia (formerly known as 666) Voodoo Economic 4)Gothic Metal Druids Page 2. 3)elements:Underground music basically depends on instruments as most of their music are instrumental. Again there are various genres of underground bands so they need to produce different types of music with various instruments. Most commonly they use electric guitar, bass guitar, keyboard, drums, guitar processors, equalizer, amp and so on. Sometimes they use voice synthesizer, percussions and studio effects. But it is not necessary that only electrical instruments are used in underground band music. Sometimes they also use acoustic instruments and classical instruments like Tablas, setter, bash, violin, cetera and so on. E underground bands in our country are originally influenced by western underground culture and their mainstream music. Our underground band musicians not only follow western music but also their on stage appearance. Even they try to elk on the life style of the western band members. The most popular and worldwide renowned bands are Metallic, Iron Maiden, Judas Priest, Megalith, Painter, Bullet For My Valentine, Children of Stood, Cradle of Filth, Red Jumpsuit Apparatus, Green Days, Van Helen, System Of A Down, Dream Theatre, Lamb Of God, Godsends, Off Fighter, Tritium, Scorpions, and so on.Actually the number of the international underground bands is enormous. So the influence and effects of their music and life style has a great impact on the underground bands of our country. Page 13)Underground Musicians in Bangladesh: 13. 1 )Pioneer: Some musicians of underground bands play an important role in promoting and developing underground music and musical activities. They have given a lot to our underground music history. They are called pioneer because they not only have created some great songs but have also showed the way to walk through the path of underground music world to the next generation.Kamala, Tip, Salaam, Milan of Narrate, Summon, Raff, Pickup of Orthicon, Lincoln, Rasher, Shahs, Cezanne of Article, Ion, Tony, Johan of Black, Turbo of Cryptic Fate, Parrot of Souls, Shafts, Manama, Jewel, ours of Miles, Bibb Bacchus of LURE are the pioneer underground musicians in our country because they have entered the main stream music with their endless efforts. So new generation is looking towards them and entering the underground music Nor. 3. ) Facilities and Patronage: Ere underground musicians of our country hardly receive any financial support from families or any other institutions. They face difficulties to buy musical instruments own. Only main stream bands get support from various organizations. So facilities are very rare for the new underground bands. But after they become popular among the listeners their situation begins to change in a positive way. It becomes also a way to earning for them along with the popularity amongst the young generation and even in the society.So it is clear that underground bands and musicians create facilities of their own and carry on their musical Journey. Page 9)Events: 9. 1)Talent Hunt: Recently musical events in Bangladesh have become very popular. Common people are looking for various musical events and festivals. Almost in every functions and occasions we love to enjoy music. In this regard underground musical events are getting popularity and progressing rapidly. During these few years we have seen many big musical talent hunt shows in country.

10 Fun Facts about Syracuse University

Located in upstate New York, Syracuse University is basically 2 hours from anything and always covered with lots of snow. So, what’s new? I’ll tell you what’s new. In fact, I’ll tell you 10 new things. 1. Syracuse has the largest snow plow in the world. Average snowfall is over 110 inches every year, a normal one won’t do! 2. Ernie Davis was the first African American to win the Heisman Trophy in 1961 and was inducted into the College Football Hall of Fame in 1979. Yep, he went to Syracuse University. 3. 2 time Olympic gold medalist, 8 time NBA All Star and 6 time All NBA selection Carmelo Anthony is a Syracuse alumni. He brought Syracuse the NCAA ‘ship in 2013 and won the Most Outstanding Final Four Player award that year. 4. Carrier dome - home to the Syracuse basketball, football and lacrosse teams - is the largest domed stadium of any college campus. In fact, it’s the largest domed stadium in the Northeast! 5. If you stand in between the columns of the Dome and jump up to stomp really hard, the sound vibrates off of the walls and make a really cool sound. It’s hard to describe, but it sounds like you’re standing in the middle of a Star Wars battlefield - light sabers and laser beams.6. Speaking of big movies, Aaron Sorkin, screenwriter of hits like The Social Network, The West Wing, Moneyball and Steve Jobs is a Syracuse alumni. Not bad, eh? 7. Vice President Joe Biden is also an alumni from Syracuse University College of Law.8. Syracuse University has been supporting the rights of, and opening doors for, their female students since 1857. Famous alumnae include Belva Ann Lockwood, the first woman to argue before the Supreme Court, and Sarah Logeun, the first African American woman in the U.S. to become a certified doctor. 9. The famous Dinosaur Bar-B-Que started in Syracuse NY and now has 9 additional locations throughout the northeast. 10. Syracuse has the longest running, and the most fun, State Fair in the country (which started in 1848). Ok the â€Å"most fun† isn’t factual, but it definitely should be - who do we talk to about that? Are you looking to apply to Syracuse? Make sure to search through profiles of students accepted to see essays, stats, and advice. See how they got in, and how you can too!

Essay Sample on Happiness What Does It Mean for You

Essay Sample on Happiness What Does It Mean for You Have you ever questioned yourself whether you are happy of not? What does it mean to you? Happiness is a state of inside being of each person and comes from different sources depending on the desires and kind of personality. The scientists all over the world have done good deal of research, philosophers and writers have written thousands of books on this topic in order to describe this state. But the topic is still open to questions and discussions. This fact means that happiness is important and integral part of out life. During our existence, we as humankind created plenty of origins of happiness such as class, wealth, social position, family, level of intelligence and race. We also cherish and adore a huge variety of things and conditions that permanently bring happiness to us. Such as money, feelings, physical pleasures, relationships with others, sports, music, art cause happiness. The list is as endless as the list of our unpredicted and odd desires, as the list of personalities that exist in our modern globalized society. Imagine just one day from your life. How many bagatelles make you feel happy and vice versa? The felling of happiness is built on little things that are taken from our surrounding world, from our everyday life. And this condition greatly depends on a personality, his or her needs, wants, worldview and imagination. Each person is unique, what makes one happy may be absolutely hated by another. But as a rule we all strive to be happy. Ruut Veenhoven first conclusion is that happiness is not relative or dependent on a purely subjective outlook, as some theories posit. Indeed, happiness can be rather accurately predicted on the basis of the objective liveability of the society in which the individual lives, and on the basis of his or her personal profile.(Veenhoven 34) In general, happiness is an emotional state that people try to reach through the life. We study, look for a good and interesting job, marry, have kids to achieve needed state. But it is exceedingly important to know what makes us happy and what we need in this colorful and bright life. So to decide what to do and how to live is much easier. People are happy when they are in control, that is, when they feel competent to satisfy their needs and reach their goals (F. Heylighen) Sometimes people have to even struggle a lot in order to understand what happiness is like. And only through suffering and physiological pain they can realize what kind of feeling happiness is. â€Å"Pain now is part of the happiness later†. (Shadowlands)

The American empire Personal Statement Example | Topics and Well Written Essays - 1000 words

The American empire - Personal Statement Example Previously, a good number of individual’s perspectives were totally on their families and the society, a certain neighborhood was used to form feasible and economical empires which ruled the others. The African and Asian empires which were acquired by the western authorities through the industrialized rebellion came to an end due to foreign law that tore apart the restricted as well as the provincial ways of uniqueness that held the imperial firmness and endurance. The organization wanted neighboring associates but the empire was already paralyzed since the input in the system became impossible. Furthermore, the dominated populations are equipped ready to frustrate the colonial imperative. This is strengthened by the simplicity at which everything is flowing in the regions and largely the globe (Parsons, 2012) In real sense, the Roman has extremely so minimal significances to the current America. The United States and the orthodox Rome have a common blissful and afflicted exce ptionalism. This was experienced in America when Winthrop uplifted his people who wanted to inhabit the Massachusetts Bay Colony to the seven hills. From this time, different head of states described America in a similar way as how Cicero described the Romans and the faultless urban in the leading seven hills. Rome defeated many countries irrespective of their mightiness in different perspective like, corporal power as portrait by the Gaul, unevenness of the Carthaginians, Spanish who had the numbers , Greeks who led in traditions as well as the Latin’s and Italy who astute the intelligence and got the empire (Isaacson, 2007). As cited by Isaacson (2007), the major thing that strengthened the Roman authority for so many years was its triumphant armed forces. Others included the enlargement of the most recent technology as well as the large statistics of the new born alongside a firm council and more assets to keep their expectations. They also had an excellent way of disposin g waste, good infrastructure, and good machines for plumbing which other counties including America lacked. In times of war, Rome had to select from its overwhelming list of choices. The defense forces were largely made of very powerful warriors. In addition, they were in possession of incomparable horses, thus the combination was used as a great aspect in war. Using their total strength, on their flanks they enclosed their enemies thus overpowering them (Isaacson, 2007). They progressed unto the time hi tech was used to wreak fatal destruction upon their enemies using blockade equipments. Any nation that was defeated by the Romans profitably increased the treasury and the funds were in turn used by their defense forces in purchase of newest arms as well in encouraging the soldiers. By these attacks they claimed so many countries including Spain, France, and Italy, just to mention but a few. The Roman Empire also brought into knowledge the Christianity religion to Europeans, a fact that makes it of great influence to many things that were set to happen afterwards and this altered the globe at large. They will forever be remembered and honored for their strong principles, way of life and inventiveness. In contrast to other states like the earlier Roman Empire, America fails to satisfy the ever rising discussion of whether it is a modern empire since the normal form of imperialism rule is no longer a consideration in the present

District Budgetary Overview Essay Example | Topics and Well Written Essays - 1000 words

District Budgetary Overview - Essay Example The schools in the district would require prepare a budget for the period of July, 1 to June, 30 and submit the same for sanction of the governing body by July, 15. The three generally accepted accounting practices include the incremental budgeting, the zero based budgeting and the planning, programming, budgeting system. The incremental budgeting is done the district school where they adjust the budget of the previous year to that of the next year (Hosted, 2012). The zero based budgeting includes starting he budgeting at the beginning of the year. The planning, programming and the budgeting system includes the cost on a per pupil basis. Due to this accounting practice, the fluctuation of the budget is eliminated due to change of demographics. The superintendent and school board responsibilities for building a budget The responsibility of the superintendent and the school board is crucial for building the budget. The responsibilities range from forecasting the enrolment for the next year as compared to the current years, take feedbacks from the supporting staffs and confirm the final budget. The actual enrolment figures are tallied against the projected figures to produce an error free budget. The feedback from the operational staffs is taken to make necessary adjustment for meet the unplanned expenses. The final budget is prepared and presented to the school board for approval. The school board cross checks the evaluations and finally approves the budget for implementation. Key budget terminology The budget is a plan for the financial year in order to meet the expected expenses from the anticipated revenues. The key budget terminologies range from the accounting terminologies to financial terms and accountability of the governing body. Specific terminologies like revenues, expenses, accountability, cash flow, control, fiscal, forecast, supporting schedule are important. The budgetary revenues are the anticipated sources of income for the school and the budgeta ry expenses are the anticipated usage of funds of the school. The cash flow is budgeted and is based on the difference between the budgetary revenues and the budgetary expenses. The budgetary expenses are prepared for a fiscal of one year based on the forecast of the events anticipated in future. A supporting schedule of revenues and expenses are attached in the budget in order to indicate the time line of the cash flows. How the funds in the budget are balanced and coordinated The funds in the budget mainly comprise of government funds and fiduciary funds used for the development of the district schools and its operations. The government funds are allocated as per the specification of the government. The fiduciary funds are the funds available from sources other than the government. The funds are balanced and co-ordinate through budgetary control. The budgetary control is implemented with the help of periodic reports. The reports help to understand the gap between the actual expens es and the budgeted expenses. Thus monitoring and control of budgetary expenses help to balance and co-ordinate the funds (Warren,  Reeve and  Duchac, 2008). The budget monitoring and control is a significant aspect for controlling the expenses against the budgeted figures and provide the direction to achieve the target budgeted plan. The district's budget timeline The timeline for the budget the district is for a period of one fiscal year.

The Importance of Real Estate investments

The Importance of Real Estate investments Real estate is one of the reliable and important investment types for individuals and institutions. Interest in the price appraisal of real estate has increased with rapid development of real estate sector and its legal infrastructure in recent years. The appraisal of real estate is a main principle for all businesses. Land and property are factors of production and the value of the land is dependent on the demand and supply for the product that is produced. Conducting planned urbanization, choosing settlement areas and estimating their inner or outer transport costs, improving capital markets transparency and reliability require a reliable price valuation of real estate asset. Appraisal in real estate is also important for the tax income of the national budget. Appraisal is, in simplest explanation, the determination of amount for which the property will transact on a particular date. (FRENCH, 2005 ) There is a wide range of purposes for appraisals are needed. These range from appraisals for transfer of ownership, financing and credit, litigation, tax matters, investment counselling, decision making, accounting and etc. Aim of this thesis is to provide a brief overview of the methods used in real estate appraisal according to international valuation standards, to research the position of appraisal practice in Turkey and to designate which valuation method should be used for analyzing the actual value of the real estate assets. For this purpose, a case study is prepared to investigate advantages and disadvantages of valuation techniques for specified real estates in a chosen sample area in Ankara. In reviewed literature; there are several definitions of appraisal and appraisal methods that are used internationally. Sales comparison method have been investigated by related studies mostly because this method is used more than other methods in appraisal practice. But; there is no detailed study to find out advantages and disadvantages of each methods by comparing applications in practice. The comparison of the valuation techniques to indicate the advantages and disadvantages of each other is the point where this thesis differs. Method of the Study Over the past decade there has been a significant growth in real estate appraisal research throughout the world. There are several books, articles, doctoral or master thesis that are written about real estate appraisal. This thesis has been prepared by using the following methods; Library resource search, Research the appraisal practice in several countries and Turkey Interviews with Appraisal Companies and professionals in the sector, Research any organizations and associations about appraisal in world and in Turkey. This thesis comprises five parts. First part of this thesis includes conceptual description and principles of real estate appraisal. In this stage; library resource search is used as a method while data gathering about the appraisal practice in several countries and Turkey. There are many associations and organizations about appraisal all over the world; such as Appraisal Institute (AI), International Valuation Standards Committee (IVSC), The European Group of Valuers (TEGoVA), American Society of Appraiser (ASA), Councelors of Real Estate (CRE) and etc. Publications of these institutions are rewieved. Second part of this thesis includes the valuation methods and valuation process step by step. This stage includes library, resource and e-sources research about appraisal such as The Appraisal Journal, Journal of Real Estate Literature, Real Estate Review and etc. In addition, publications of the appraisal institutions are rewieved. Third part of this thesis includes the situation investigation of the Real Estate Appraisal in Turkey. For this purpose, interviews will be made both with appraisal companies and professionals in the sector. Interviews will analyse the application of appraisal to designate the problems, anticipations and etc. The purpose of interviews is to find out what is presently ongoing in appraisal practice. In this stage, interviews will also include the investigation of any associations -like Capital Boards of Turkey- and committees for their roles, purposes in appraisal sector. Fourth part of this thesis includes a case study. This case study investigates advantages and disadvantages of valuation techniques for specified real estates in a chosen sample area in Ankara. In this stage, each valuation technique is applied and the results are compared. The comparison results are used to define the most suitable technique for each type of real estate. Finally, the conclusion part of this thesis includes a general evaluation about Real Estate Appraisal and Appraisal Practice in Turkey. General Approach and Definitions Appraisal of Real Estate Appraisal is a professional appraisers opinion of value. The preparation of an appraisal include research into market areas; analysis of information relevant to a property; and the knowledge, experience, and professional judgment of the appraiser. Appraisals may be required for any type of real property, such as single-family homes, apartment buildings, office buildings, shopping centers, industrial sites, and farms. There are several reasons for performing a real property appraisal whenever real property is sold, mortgaged, taxed, insured, or developed. For example, appraisals are prepared for: Mortgage lending purposes Tax assessments and appeals of assessments Negotiation between buyers and sellers Government acquisition of private property for public use Business mergers or dissolutions Lease negotiations Real estate appraisal is the task of determining the potential price of a site or building in case of sale and also important for investment decisions, for real estate funds and project developments. Fisher and Martin defined real estate as an identified parcel of land, including improvements, if any. In addition, all permanent building attachments (plumbing, electrical wiring, heating systems, etc.,) as well as built-in items (cabinets, elevators, etc.) are usually considered part of the real estate. Fisher and Martin also defined real property as the interests, benefits and rights inherent in the ownership of real estate. Pagourtzi and Assimakopoulos also defined real property as all the interests, benefits, rights and encumbrances inherent in the ownership of physical real estate, where real estate is the land together with all improvements that are permanently affixed to it. According to The Uniform Standards of Professional Appraisal Practice (USPAP), appraisal is An analyses, opinion or conclusion relating to the nature, quality, value or utility of specified interests in, or aspects of, identified real estate. In this usage, appraisal covers a variety of assignments, including valuation, consulting and review. Appraisal (Valuation) is the provision of a written opinion, independently and impartially prepared by a qualified appraiser, setting forth and justifying an opinion as to the market value (as of a specific date) of a property that is the subject of a real estate-related financial transaction. Appraisal Consulting is a study of nature, quality or utility of a parcel of real estate or interests in real property in which a value estimate is not necessarily required. Appraisal Review is the act or the process of studying a report prepared by another. The table from the 12th edition of Appraisal of Real Estate by Appraisal Institute explains the differences of these three terms. Table 2.1. Comparison of the Terms: Appraisal, Consulting, Review APPRAISAL Definition The act or process of developing an opinion of value. Characteristics Appraisal involves selective research into appropriate market areas, the Assemblage of pertinent data, the use of appropriate analytical techniques, and the application of knowledge, experience, and professional judgment to develop an appropriate solution to an appraisal problem. The appraiser provides the client with an opinion of real property value that reflects all pertinent market evidence. Examples An opinion of market value for a fee simple estate, leasehold estate, reservation easement, or other estate (to assist in mortgage lending decisions, to assist in purchase or sale decisions, etc.)An opinion of investment value or some other properly defined value of an identified interest in real estate as of a given date (for insurance purposes, for relocation purposes, for property tax appeals, etc.) APPRAISAL CONSULTING Definition The act or process of developing an analysis, recommendation, or opinion to solve a problem, where an opinion of value is a component of the analysis leading to the assignment results. Characteristics Current market activity and evidence are studied to form a conclusion that may not focus on a specific value indication. An appraiser develops a value opinion in an appraisal consulting assignment as part of the process of answering some other question about real estate, such as whether a proposed use of a given property is economically feasible. Examples Economic feasibility studies Marketability or investment considerations that relate to proposed or existing developments Land utilization studies Supply and demand studies Absorption analyses APPRAISAL REVIEW Definition The act or process of developing and communicating an opinion about the quality of another appraisers work. Characteristics Appraisal review procedures may be likened to a quality control or auditing function. A review appraiser examines the reports of other appraiser to determine whether their conclusions are consistent with the data reported and other generally known information. Examples Field review, desk review Source: Appraisal of Real Estate, 12th Edition, 2001:12 Real estate appraisals conducted for all institutions need to follow valuation approaches that result in a market value estimate that is both provident and rational in relation to the physical and legal characteristics of the property appraised. The sales comparison, income capitalisation and cost analysis approaches are methods mostly used to calculate the market value of real estate. Calvin Lin (2007) indicated that real estate appraisal methods can be divided into cost, sales comparison and income approaches. In section 2.4 these appraisal methods will be explained. Value and Price In common life ; there are several usage types of the word value, such as market value, use value, leasehold value, investment value, active value, tax value, insurable value and other types of value. Each terms has a different meaning and each of them will be explained in this section. The Aim and Role of Appraisal McParland, Adair, and McGreal (2002) found out, many European countries have their own national valuation standards. The internationalization of real estate suggests an investigation of such standards, because foreign investors need to understand the concepts that national appraisers use. Parker (1996) attempted to identify the main valuation methods adopted internationally, and the relative importance affecting the capitalization rate. Dorchester and Vella (2000) also addressed the demands arising from the globalization of real estate activities and the importance of the development of the international valuation standards. It is obvious that real estate appraisal has turned into an international financial analysis from the traditional comparison of local physical assets. Calvin Lin (2007) indicated that real estate appraisal techniques can usually be divided into cost, sales comparison, and income approaches. The Valuation Methods Sales Comparison Analysis For Appraisal Kummerow (1997) indicated that the sales comparison approach may misrepresent long-term value where there are speculative bubbles and temporary crashes. Tsukamoto (1999) examined the experience in Japan where the bubble economy in the late 1980s was largely caused by the inability of Japanese appraisers and investors to properly estimate real estate value. The sales comparison approach uses similar properties as the basis for estimation. The merits of this approach include its ability to reflect the propertys market value, and its relative simplicity. The drawbacks are that the appraised value may be inflated during periods of a bubble economy, and the adjustments are sometimes subjective. (Lin, 2007) The cost approach applies the reconstruction or replacement costs and the deduction of depreciation as the basis for valuation. Objectivity is the well-recognized advantage of this method. The major drawback is that this approach lacks market value and profit consideration. The appraised value through this approach thus often deviates from market value. The income approach discounts all the future net income to present value. It reflects the fundamental value of the property according to the revenues and costs; therefore, this method focuses on the estimation of the income stream and the discount rate. The income approach consists of two routes: direct and yield capitalization. Income producing properties are the major investment objects for Real Estate Investments Trusts (REIT), so the income approach seems to be the most appropriate method for REIT valuation. Gorlow, Parr, and Taylor (1993) indicated that the final reversion value should be estimated through the construction costs of the comparable project. The cost approach can assess the construction value; however, the accurate determination of land value of the final period still requires market or revenue information for evaluation. Hirota (1999) stressed that the income approach should put more weight on the operating income than on the final reversion. Income Capitalization Analysis For Appraisal Cost Analysis For Appraisal The Valuation Process Data Collection Data Analysis (Market Analysis Highest and Best Use Analysis) Application of the Valuation Methods Reports of Defined Value Appraisal of Real Estate in Turkey History and Present Situation of Appraisal in Turkey Capital Markets Board of Turkey and Appraisal The Methods of Appraisal that are used in Turkey The Position of Appraisal Companies in Turkey Case Study This case study will investigate the disadvantages and the advantages of valuation techniques for specified real estates in a chosen sample area in Ankara. Conclusion

Hrm Hotel

As described by Schuler, Randall S ; Personnel and Human Resource Management, Third Etalon 1 987, recruitment Is referring to the set of activates and recess used to legally obtain a sufficient number of qualified people at the right time and place so that people and organization can select each other in their own best short and long term interests. By implementing the recruitment process, its provide organization with the qualified group of potential candidates to fill up the vacancies.However, the recruitment process must be done properly to ensure unwanted higher turnover result, wasted recruiting and training costs can be controlled at lowest level and minimized. As for Hilton case, the higher turnover rates record over the past years has rigged the HER department to begin to ponder, what went wrong with their excellent recruitment process. Another question was why their staffs disciplines such as absenteeism, conflict, and stress amongst staff are turning up gradually?Were these problems/ deficiencies happened because of poor HER recruitment planning? Trying to relate the above problems with the current recruitment process implemented by Hilton, I shall go further by analyzing the data provided as shown in Fig 1 . However, evaluations are made only to those critical recruitment sources which I believe necessary action to be taken immediately to fill the vacant and improve the current executives' workload.Therefore sustainability is a factor which Hilton should include in deciding which method of recruitment they should practice. Details of the analysis taken from the yield ratio table as follow: I Recruitment Source II year Survival I 175% Sustainability by Recruitment Source from 1996 – 1999 Quality – Recruitment is about identifying and selection process of potential candidates for the human resource requirement of the organization therefore it is also important to identify which recruitment method can pool the best quality candidate.