Letter Essay Example | Topics and Well Written Essays - 500 words - 8

Letter - Essay Example German invasion of Poland and French declaration of war on Germany have resulted in a large number of casualties. I do not know why the main powers of the world have lost patience and have started the war but I believe that our army can lead the world towards peace and stability. We are determined to get victory in the pacific region. The Japanese attack on Pearl Harbour and Hitler’s declaration of war are such issues which have forced us to participate in the war. We have the aim of helping the countries which are in need. We have to support British in order to stop Germans from conquering the land of Britain. We are the peacemakers, not peace destroyers. My dear sister! Do not get upset because of the situation. We are doing our best for the cause. Our physical condition is also good and we can fight for a long time for the cause of bringing pace to the world. You want, I want, we all want Britain and France to stop German invasion by winning the war against Germany. Our political leadership has given us a lot of support in aiding Britain and helping her win the war against Germans. It is very good to know that both political leadership and general public have the same mindset as they are supporting us in our mission of helping Britain. We want to stabilize democracy in every part of the world. To me, democracy is the best way of governance. When a threat to democracy occurs in any part of the world, its effects can be seen in all related parts of the world. Threat to democracy is also one of the main reasons of this war. The democratic powers have become passive. Here, I would like to tell you some of the main causes of this war in order to make you aware why we have been involved in the war. Some causes include Hitler’s aim to dominate the European countries, aggressive aims of Hitler’s allies, such as, Italy and Japan, failure of the Treaty of Versailles, and inability of the League of Nations to keep peace in the world. In the end, I would say

19th century England Essay Example for Free

19th century England Essay In this essay we will be discussing the life and times of the one and only Charles Dickens. He was an author. A very famous and popular author. Firstly we shall discover the background of Charles Dickens; we shall also discover how powerfully Dickens background affected him as an author and child.  Charles Dickens was born in 1812 and grew up in Portsmouth. His farther was a clerk in the navy pay office. At this time Dickens also worked as a clerk with his farther. But when Dickens turned 12 years old his farther started to have problems, very serious problems, financial problems. The reason for this is that he had quite a large family. In the year of 1824 Dickens whole family was sent to prison and Charles had to give-up all his home life and school because he was sent off to work in a shoe polish workhouse. Dickens was so sad and hurt because of his familys imprisonment, so what he did was write about his early life in novels, but before all of this had happened Dickens family was released from the Marshal Sea prison in 1825. Straight after this his farther sent him to the Wellington house academy (a school). When he had grown up in 1827 he worked as a clerk for a firm of solicitors in Holborn, but he hated the law so he was drawn into journalism. In 1831 Dickens was writing short hand reports of parliamentary debates for the London papers. After this Dickens started life as an author he wrote many novels such as: Bleak house, The old curious shop, Master Humphries clock, and Great Expectations.  But the most popular and famous out of the novels above is probably Great Expectations. The novel Great Expectations begins with the protagonist Pip strolling through the graveyard, in which his mother and farther are buried, what the author is trying to tell the reader is that Pip is an orphan. After this scene Dickens introduces the next character Magwitch. Magwitch is an escaped convict; we know this because in the novel it says, A fearful man, all in coarse gray, with a great iron on his leg. Dickens deliberately creates this type of tension to get the audience interested and to suggest that the fearful man is an escaped convict. When Magwitch appears in front of Pip he starts to threaten the poor little boy. Magwith said to Pip that he would cut his throat and rip his heart out and eat his liver, keep still you little devil, or Ill cut your throatyou bring them both to me or Ill have your heart and liver out. Yet again Dickens deliberately means to do this to create a mood of tension so that the audience feel sympathetic towards Pip but think that Magwitch is a violent, intimidating and aggressive character, the author also makes the audience think that Magwith is a cannibal because of the threat he made to Pip. After this encounter Magwitch asked Pip where is his mother and then Pip replied, There sir. He meant in the graveyard (tombstone). After a while Magwitch realised that Pip was an orphan, so he asked Pip who does he live with, Pip said that he lives with his sister Mrs Joe Gargery. The escaped convict is starving because of his long journey from the Hulk ship (prisoner ship). So Magwitch asked Pip to bring him some food but did this in an unusual way, he bribed him by saying that there is another escaped convict on the loose much worse than he is, Pip agreed to meet Magwitch the next day.  Gradually we discover that Pip thinks that Magwitch is like a ghost haunting him as Magwitch walks toward the Gibbet. At the end of the chapter we discover that both Magwitch and Pip walked off into the distance, but Dickens also makes the audience feel sympathy for Magwitch because of the way he was dragging his feet with the iron piece of metal on it. The author creates another mood of sympathy towards Magwitch when he hugs himself. This identifies that Magwitch is lonely and cold and Dickens leaves the chapter on cliffhanger. He leaves it with Pip, But now I was frightened again, and ran home without stopping. What the reader would want to know next is, when will Magwitch and Pip meet again. In chapter 3 we discover that Magwitch and Pip meet again, but in the first paragraph Dickens creates a sinister atmosphere, It was a rimy morning, and very damp. This explains that Dickens wants to make the audience feel a degree of tension. As the paragraphs go on, we discover that Pip sees another escaped convict that appears to be Magwitch to PipI saw a man sitting before meI went forward and touched him on the shoulderand it was not the same man, but another. What this means is that Magwitch seemed to be telling the truth about the other escaped convict, but was only trying to bribe Pip, so now we realise that there is another convict on the marshes. When Pip had stolen the file and food and running through the marshes he was considered to be as bad as Magwitch because since Pip has such a vivid imagination he imagines that the cows and animals are talking to him, A boy with somebody elses pork pie! Stop him. This shows that Pip has a vivid imagination and is guilty of theft.  When Pip meets Magwitch Dickens creates sympathy towards Magwitch, the right hand man hugging him-self and limping. Magwitch seemed to be very weak and cold, drop down before my face and die of deadly cold. His eyes looked awfully hungry. The author creates this mood of empathy so that the audience begins to think that Magwitch can be weak and pathetic and therefore we are interested to see whether he will survive or not. When Pip gave Magwitch the food, he saw Magwitch eat the food ravenously but there was a bit of a bond between Magwitch and Pip. This bond is that they are both lonely and scared. But all of a sudden Magwitch started to act nicely to Pip, I am glad you enjoyed it did you speak; I said did you enjoy it, thankee my boy. I do. The audience now think that Magwitch is not much of a villain. The other reason why Dickens did this was because he did not like the penal system in those days, he also wanted to show society that prisoners were human too.

Fire Fighting Technology Essay -- Technology Technological Essays

Fire Fighting Technology Innovations in Communication Technology This 80,000 pound powerhouse was just purchased by the Swarthmore Fire & Protective Association. Equipped with a 100-foot aerial and a 2000 gallon per minute (gpm) Hale single stage pump, Tower 14 can knock down just about any fire. "The first five minutes after the first fire apparatus arrives on scene at a large-scale fire are coordinated chaos." Joe Lombardo of the Garden City Fire Department made it a point during fire school to emphasize that a good firefighter will always maintain a clear head even in the most harrowing of circumstances. This task may be difficult in situations where an enormous amount of information must be transmitted to effectively fight the fire. Recent innovations in fire scene communication technology have allowed for more information to be transferred to the appropriate firefighters before and during the initial attack. The following outline some of the more important innovations to fire communication technology: Communications between Incident Command and Firefighters on scene: Digital technology is rapidly becoming integrated into fireground operations because, in general, voice clarity is much better than conventional radio, because it is easier to encrypt than analog. Mary Jane Dittmar, of Fire Engineering magazine, describes the technologies as working by "converting a voice into binary information and then compressing it. Through modulation and encoding formats, the analog information is converted to digital data, compressed, and then converted back again, while still maintaining acceptable levels of voice quality. Digital technology is clearer and easier to understand than analog technology because background ... ...er units. All this information is now immedeately available to the first out engine so that the incident commander can come up with a plan of attack before even assessing the scene first hand. As such, the coordinated chaos may very well be sorted out before the apparatus even arrives on scene. Works Cited: Anderson, Leif. Using Technology to Manage the Information Overflow. "Fire Engineering." May 2002. Bachman, Eric. Pre-Incident Size Up: An Important Response Tool."Fire Engineering." April 2002. Cobb, Ralph. Benefiting from Military Technology. "Fire Engineering." May 2002. Dittmar, Mary Jane. Fireground Communications: Strategies for Meeting Today's Challenges. "Fire Engineering." May 2002. Hawkins, Clayton. A Model to Improve Emergency Management. "Fire Engineering." April 2002. http://www.nfpa.org/Home/index.asp (visited December 15, 2002)

Attention Deficit Hyperactive Disorder - ADHD Essay -- Personal Narrat

Attention Deficit Hyperactive Disorder - ADHD When Mrs. Fallon first described this project to us, I was a little bit skeptical about it. I kept thinking that I had no problems in my life and that I didn’t need any type of conditioning. But then I thought, I’m definitely not perfect and I knew I was definitely overlooking something. Recently I was diagnosed with ADHD (Attention Deficit Hyperactive Disorder) and I felt like I was cheated out of so many years that could have been productive ones. So I decided that for my conditioning project I would test how much medication I should use that would keep my body stable enough to begin a sort of healing and moving on process, kind of like a second chance. After I finished my conditioning I realized that I was a lot different then when I started. My parents noticed that once I started the project, I was paying attention a lot more to what they were saying to me. My mother was worried though that I was going to hurt myself by taking a lot of the medication, but I told her that people have experimented on themselves before and look at the results. I also had calmed down with my dorm mates. I felt a lot more comfortable around them and I had begun to trust them a lot more. I now felt like I had accomplished something to make my physical body and my mental body better. In the areas of school I felt like I had accomplished a lot. I was handing in reports and I understood things I was learning. In high school I had trouble in ... Attention Deficit Hyperactive Disorder - ADHD Essay -- Personal Narrat Attention Deficit Hyperactive Disorder - ADHD When Mrs. Fallon first described this project to us, I was a little bit skeptical about it. I kept thinking that I had no problems in my life and that I didn’t need any type of conditioning. But then I thought, I’m definitely not perfect and I knew I was definitely overlooking something. Recently I was diagnosed with ADHD (Attention Deficit Hyperactive Disorder) and I felt like I was cheated out of so many years that could have been productive ones. So I decided that for my conditioning project I would test how much medication I should use that would keep my body stable enough to begin a sort of healing and moving on process, kind of like a second chance. After I finished my conditioning I realized that I was a lot different then when I started. My parents noticed that once I started the project, I was paying attention a lot more to what they were saying to me. My mother was worried though that I was going to hurt myself by taking a lot of the medication, but I told her that people have experimented on themselves before and look at the results. I also had calmed down with my dorm mates. I felt a lot more comfortable around them and I had begun to trust them a lot more. I now felt like I had accomplished something to make my physical body and my mental body better. In the areas of school I felt like I had accomplished a lot. I was handing in reports and I understood things I was learning. In high school I had trouble in ...

Hunting alleged Nazi war criminals Essay

I can’t say if hunting Nazi war criminals is worth it, but I can give my opinion and it is up to you to make up your own mind. By the end of reading this, you should have come to some conclusion. I believe it is not worth hunting alleged Nazi war criminals, anymore. I think that spending tens of millions of pounds, and all the time and effort that goes into it now is worthless now. If they had have done it ten or fifteen years after the war had ended then they would have had much more success. The reason I think it is worthless now is because almost all evidence will have been destroyed after the war ended, and any war criminals from World War II would have done their best to completely hide their background and any evidence they have that they committed war crimes. Also victims that survived concentration camps will not be able to identify a man with absolute certainty that he was the same man that put people to death around fifty years ago, mainly for the simple reason that it was so long ago. Also witnesses may want to blame someone, so they blame the suspect in question, or they want it to be that suspect so much that they believe it was him. Also lots of witnesses are now dead, and the ones who are still alive may have something wrong with them that they can’t remember the face or voice of the man who put their friends and family to death. I also think that if they do catch a suspected Nazi war criminal, then he may have something mentally wrong with him. Due to old age the accused might not be able to remember anything, so it would be an unfair trial, because he doesn’t have an alibi with which to prove he was not a Nazi war criminal. A suspect may be too old or ill to go to court also, a suspect when found could be dying in their bed with only a few weeks to live and so they would never be able to stand a court trial anyway. These are the main reasons I believe that spending all the time, money and effort is not worth it. I believe it is too late and the suspects will be dying by the time they are found, an example of this is seen in a case where a man called Szymon Serafinowicz, who was accused of being a nazi war criminal. In this case the jury saw Serafinowicz to be unfit to plead to charges of war crimes, because he had dementure, so he couldn’t remember anything about where he was at certain times of the war, or what he was doing meaning he wouldn’t have an alibi with which to protect himself so the case would have been totally unfair. After being freed he died about 18 months later, so even if he had have been convicted he would have only spent a few months in jail, and would have probably been let out after a couple of weeks to be admitted into hospital. There was no case for this man who was suspected of being in command of police officers who ordered Jews to lay face down in the snow and where then shot, hit children’s heads against tomb stones to kill them, order Jewish families to line up and then shoot them, and he himself was accused of shooting a woman with a child who was running away. In total he was accused ordering 3000 Jews to be killed. If a man like this can’t even get a trial then, let alone being convicted is it really likely that another man will get convicted. In another case, the ‘Demjanjuk trial’ he was convicted of being ‘Ivan the terrible’ a guard at Treblinka and was accused of putting thousands to death, and torturing some people for the fun of it. He was sentenced to death by hanging, but got released after appealing. The judges decided there was not enough evidence to convict him after all. Five witnesses said under oath that they were certain that Demjajuk was Ivan the terrible, also he couldn’t remember where he was or what he was doing at certain times in the war, and it sounded like he was trying to pretend he was at certain places at certain times. It appeared only five outgo twenty survives thought Demjanjuk was Ivan the terrible, and these were the witnesses used in court. If fifteen say it wasn’t him and only five say it was him, the chances are that it was not him, even though five witnesses were sure of it, this proves that eye witnesses can not be totally relied upon to identify a man they saw about fifty years ago. This proves to me that it is not worth the bother and money of hunting them down anymore, but if you are not convinced yet I will talk about another trial, the ‘Papon case’. The jury heard that Papon should be freed during the trial, because of his advanced age and his medical condition (he suffered from angina). It was heard that even if he were found guilty he would not have to spend another night in jail. He died a few months later, so if he had have been convicted he was still be able to be free and walk about the streets. The war crimes unit did not get a single person convicted, even after all the effort they put in, they found evidence but did not manage to get a single conviction. After looking at all the evidence I really don’t think it is worth spending lots of time and effort and millions of pounds to find an old man who will probably be too ill and old to go through a court case, and even if they are fit to go through trial then they probably wont be convicted due to not enough evidence, or unreliable evidence.

Using the Spanish Verb Echar

Using the Spanish Verb Echar Echar may primarily mean to throw, but the reality is that it has literally dozens of possible translations that vary wildly with the context. Fast Facts Although it is usually defined first in dictionaries as to throw, echar is an extremely flexible verb than can refer to many types of giving something motion, either literally or figuratively.Echar is the verb in a wide array of idiomatic phrases.Echar is conjugated regularly. In its simplest usage, echar means to throw or, more generally, to move (something) from one place to another. See how the way you understand and translate the verb depends on what is being moved and how: Echà ³ el libro a la basura. (She threw the book in the garbage.)Echar una cuchara de aceite de oliva. (Add a spoonful of olive oil. While throw works in the sentence above, it obviously doesnt here.)Angelita echà ³ la carta al correo. (Angelita sent the letter in the mail.)Echà ³ el vino en una copa. (He poured the wine into a glass.)Este dragà ³n es monstruo que echa llamas de fuego por la boca. (This dragon is a monster that breathes fire from its mouth.)Esa mquina echa chispas. (That machine gives off sparks. You also could use throw here: That machine throws sparks.)Le echaron de la escuela. (They tossed him out of the school. Note that, as in English, this sentence can be understood literally, meaning he was physically removed, or figuratively, meaning that he was expelled.)Zupo les echà ³ la charla a sus jugadores. (Zupo gave the talk to his players.) Idioms Using Echar Because echar can be so broadly understood, it is used in a variety of idioms, many that you probably wouldnt associate with the concept of throwing. For example, echar la culpa, which might literally be understood as to throw blame, typically would be translated simply as to blame. Example: Y luego me echà ³ la culpa de arruinarle el cumpleaà ±os. (And later he blamed me for ruining his birthday.) Here are some other idioms using echar: echar un vistazo a (to glance at)echar de menos a alguien (to miss someone)echar abajo (to pull down)echar la llave (to lock)echar el freno (to put the brakes on)echar a perder (to ruin or demolish)echarse atrs (to back out)echarse un novio (to get oneself a boyfriend)echar ganas (to put forth much effort)echar a suertes (to make a decision by random means such as tossing a coin or drawing straws)echar el alto (to order someone to stop)echar un ojo (to watch or look at)echar balones fuera (to sidetrack)echar las campanas al vuelo (to shout out the news)echar el cierre (to close or shut down)echar algo en falta (to miss something)echar la buenaventura (to tell a fortune)echar la vista atrs (to look back)echar por tierra (to ruin or spoil)echar una siesta (to take a nap or siesta)echar sapos y culebras (to rant and rave)echar una mirada (to take a look)echar sal (to salt)echar en saco roto (to do something in vain)echar el resto (to go for broke)echar un pulso (to challenge someone, t o arm wrestle) echar pestes de alguien (to run somebody down)echar una pelà ­cula (to show a film)echar la primera papilla (to vomit)echar una mano, echar un capote (to help out, give a hand)echar leà ±a al fuego (to add fuel to the fire)echar el guante a alguien (to catch somebody)echar una cana al aire (to let ones hair down. A cana is a gray or white hair.)echar una cabezada (to nap)echar chispas (to give off sparks, to rant)echar una bronca a alguien (to tell off someone)echar agua al vino, echar agua a la leche (to water down) Also, the phrase echar a followed by an infinitive often means to begin, as in these examples: Cada vez que oà ­a la cinta me echaba a llorar. (Each time I heard the tape I would burst into tears.)Prà ©stame tus alas y echarà © a volar. (Lend me your wings and I will begin to fly.) Conjugation of Echar Echar is conjugated regularly, following the pattern of hablar. Here are the most common indicative tenses: Present: yo echo, tà º echas, à ©l/ella/usted echa, nosotros echamos, vosotros echis, ellos echanPreterite: yo echo, tà º echas, à ©l/ella/usted echa, nosotros echamos, vosotros echis, ellos echanImperfect: yo echaba, tà º echabas, à ©l/ella/usted echaba, nosotros echbamos, vosotros echabais, ellos echabanFuture: yo echarà ©, tà º echs, à ©l/ella/usted ech, nosotros echaremos, vosotros echarà ©is, ellos echaran.

Glenn T. Seaborg Biography

Glenn T. Seaborg Biography Glenn Seaborg was a scientist who discovered several elements and won a Nobel Prize in Chemistry. Seaborg was one of the great pioneers of nuclear chemistry in the United States. He was responsible for the actinide concept of heavy element electronic structure. He is credited as co-discoverer of  plutonium and other elements up to element 102. One interesting bit of trivia about Glenn Seaborg is that he may have achieved what the alchemists could not: turn lead into gold! Some reports indicate the scientist transmuted lead into gold (by way of bismuth) in 1980.   Seaborg was born on  April 19,  1912  in Ishpeming, Michigan, and died on February 25,  1999  in  Layfayette, California at age 86.   Seaborgs Notable Awards 1951 Nobel Prize for Chemistry with Edwin McMillan for research with transuranic elements.Between 1946 and 1958, his team added ten new elements to the periodic table.Appointed chairman of the Atomic Energy Commission (1961-1971). President of American Chemical Society in 1976.Element 106 was renamed  seaborgium  in his honor. There was controversy over the element name, as it was issued while Seaborg was still alive.Co-author of approximately 500 scientific articles and many books.Seaborg held over 40 patents, including the only patents ever granted for making chemical elements (curium and americium). Early Nuclear Chemistry and New Element Group - Actinides In February 1941, Seaborg with Edwin McMillan produced and chemically identified the existence of  plutonium. He joined the Manhattan Project later that year and started work on the investigation of transuranium elements and better ways to extract plutonium from uranium. After the end of the war, Seaborg moved back to Berkeley where he came up with the idea of the  actinide  group, to position higher numbered elements in the periodic table of the elements. Over the next twelve years, his group discovered elements 97-102. The actinide group is a set of transition metals with properties similar to each other. The modern periodic table places the lanthanides (another subset of transition metals) and actinides below the body of the periodic table, yet in line with the transition metals. Cold War Applications of Nuclear Materials Seaborg was appointed chairman of the Atomic Energy Commission in 1961 and held the position for the next ten years, serving three presidents. He used this position to champion the peaceful use of atomic materials such as for medical diagnosis and treatments, carbon dating, and nuclear power. He was also involved in the Limited Nuclear Test Ban Treaty and the Non-Proliferation Treaty. Glenn Seaborg Quotes The Lawrence Berkeley Lab recorded several of Seaborgs most famous quotes. Here are some favorites: In a quote regarding education, which was printed in the New York Times: The education of young people in science is at least as important, maybe more so, than the research itself. In a comment about the discovery of the element plutonium (1941): I was a 28-year-old kid and I didnt stop to ruminate about it, he told the Associated Press in a 1947 interview. I didnt think, My God, weve changed the history of the world! On being a graduate student at Berkeley (1934) and competing with other students: Surrounded by dazzlingly bright students, I was uncertain I could make the grade. But taking heart in Edisons dictum that genius is 99 per cent perspiration, I discovered a pedestrian secret of success. I could work harder than most of them. Additional Biographical Data Full Name: Glenn Theodore Seaborg Field of Expertise: Nuclear Chemistry Nationality: United States High School: Jordan High School in Los Angeles Alma Mater: UCLA and University of California, Berkeley

Chem Lab Mixture of Solutions Essay Example

Chem Lab Mixture of Solutions Essay Example Chem Lab Mixture of Solutions Essay Chem Lab Mixture of Solutions Essay In the remaining cup, heat the sand until the solution is completely dissolved. The sand should be left. 5) Using the cooled solution of benzene acid crystals, filter out the benzene acid from the table salt using funnels. Calculate the percentage amount for each solution and net amount, record data in table. Data Table 1: Substance Grams (g) % of Mixture Iron fillings(Fee) 1. G 27. 69% Table salt (Niacin) 1. G 29. 23% Sand 1. G 26. 15% Benzene Acid . G 12. 31% Total: 6. G 100% 1) The iron was easily separated using the magnet to draw out the iron fillings 2) The table salt was calculated using filtration and evaporation 3) The sand was calculated through evaporation 4) The benzene acid formed crystals after the cooling bath and was obtained through filtration Questions: A. How did your proposed procedures or flow chart at the beginning of the experiment compare with the actual procedures of this experiment? My proposed procedure was a lot more condensed and summarized as to the actual procedure which involved many steps and techniques. Though, my flow chart did produce similar results. B. Discuss potential advantages/disadvantages of your proposed procedure compared to the one actually used: The disadvantage to my proposed procedure would be that the results would not be as accurate, and probably would not have en conclusive. C. How would you described a sand recovery percentage higher than the original sand percentage? Either the sand was not completely filtered out of the solution when testing the other components, or when the sand was exposed to air other particles bonded to the sand which would create the appearance of an increase in percentage. D. What were potential sources of error in this experiment? There were many potential sources of error in this experiment, the first being that you may not have fully separated each component to its fullest extent. Mathematical calculations could also cause room for error if you miscalculated any one of the substances tested. The initial calculation of the mixture in the beginning could have very well not been measured accurately which would change the entire results of the experiment. Conclusion: The mixture could be separated into individual components by evaporation, filtration, magnetic separation, and distillation. Not all techniques will work on each substance, and the characteristics of each substance determine which technique to use based on the solubility of that substance.

Business ethical failure - Worldcom with their audits Research Paper

Business ethical failure - Worldcom with their audits - Research Paper Example Upon the disclosure of massive accounting irregularities, WorldCom, which was the second biggest telecommunication company in the world, filed for insolvency in the summer of 2002 in the federal court of Manhattan. The major departures from the desired corporate behaviour experienced in the company came because of the failure of the directors to identify and effectively, combat abuses leading to the widespread culture of greed. The failure also resulted from irresponsible members within the corporation to perform their fiduciary duties to the shareholders (Pulliam & Solomon, 2002). The other failure resulted from lack of transparrency in the operations and the management of the company. There was no proper co-ordination between the board of directors and the senior management of the company. The system of checks and balances in the leadership of the company did not play its role leading to a complete failure of the system of governance. The real fraud in the company comprised of a series of topside manipulations to the accounting entries to cover dwindling earnings. Mostly, these comprised of wrong drawdowns of accumulated reserves from the acquizition program as well as other sources and innappropriate cost capitalizations that were to be added as expenses. In other words, according to Kuhn and Sutton (2006), it was a very good incident of the so called ‘books cooking’. The company overstated its earnings by about eleven billion dollars and its balance sheet by about seventy five billion dollars. Consequently, there was a shareholder loss of approximately two hundred and fifty billion dollars. The desirable market views of the company in the 1990s sustained by a number of acquizitions. During this time, WorldCom was in a constant mode of acquizition as the means of expanding its operations. In turn, this caused a very great pressure of keeping price of its stock high in

Critique of Professional Lecture #1 and Lecture #2 Assignment

Critique of Professional Lecture #1 and Lecture #2 - Assignment Example Technologies are designed to effectively enhance production and decision making performances. The first lecture focuses on the importance of technology in healthcare (Lawrence Technological University, 2014). The paper shows that today’s healthcare system is far better than the healthcare system of more than twenty years ago. Dr. V. Moudgil reiterates that the average life span of individuals is more than 60 years of age. On the other hand, the average life span of the individuals 20 years ago was less than 50 years of age. Modern technology contributed to individuals living longer lives. Dr. Glen Greene spoke on the use of medical technology implant device inserted in a child’s throat allowed the child to breathe without the help of ventilators or breathing machines. Mr. Sean Bumstead focused on innovative technology enhanced medical care, resolving consequences of healthcare issues. Mr. Bumstead focused on resolving the cost of healthcare businesses, generating profits. Mr. Bumstead indicated that hackers generated $ U.S. billions from steal credit card and o ther information. The hackers increased their theft outputs by using cloud technology. Dr. John Tu focused on the government’s funding healthcare programs by allocating funds to hospitals and medical professionals. The second lecture focuses on the technology presentation of Microsoft management officer John Fikany (Lawrence Technological University, 2014). Mr. Fikany shows the different technologies developed and promoted by one of the world’s technology giants, Microsoft. Mr. Fikany shows how the future world of technology makes the life of the ordinary citizen easier. The Microsoft technology products were created in order to make the information technology device owners more productive. By letting the information technology devices do the mundane mathematical, word processing, and other data gathering and preparation, the Microsoft device owners

Trying to fit in Essay Example | Topics and Well Written Essays - 750 words

Trying to fit in - Essay Example The outcome was successful and I completed all tasks as expected by the group members. Before I expressed my willingness to join the group, I first assessed the openness and closeness of the group. It understood that the group was interested in discussing topics that concerned me since I could hear their conservations while seated next to them during my break time. I introduced myself sincerely and openly by greeting all members and telling them my name. I asked them on how long they had been working together and make a positive statement about the group. I also made a positive statement about myself and expressed my willingness to join and fit in the group since I shared the same objectives with all the group members (Crisp and Turner 108). The main objective of joining and fitting in the group was to combine our unique talents, skills and knowledge in accomplishing our classroom work. At the formation stage, each member talked politely and outlined the duties and responsibilities o f each individual. For instance, the group members openly provided suggestions on the time schedules of the meetings and also number of hours for the meetings. The members had adequate time to adapt to the unique personalities of each group member. For instance, the members selected a common mode of communication which was official English language (Crisp and Turner 109). ... In the group work decisions, the group laid down a framework of clarifying the factual ideas and suggestions of the members towards the discussion including reviewing academic literature that is contained in classroom notes. In addition, any arguments during the discussion were based on opinions, ideas and not individual personalities (Crisp and Turner 110). The members had diversity of opinions and view points on the discussion topics and the discussion process was well organised. Showing my confidence and asking questions made the other members easily accept me in the group. I also played an additional role of note taking and organizing the meeting venues which made me an active and crucial member of the group. At the fitting stage, I exercised my listening skills and leadership skills which were critical for the attainment of the group objectives. In deed, some members suggested that I should take up the group leader role due to my self-confidence, decision making skills, assertiv eness and politeness while dealing with conflicts or countering opposing arguments and ideas. Sitting next to the group and making positive comments made me easily join and fit in to the group. I attained my outcomes of fitting in to the group since the group provided me an opportunity to share my ideas and opinions and also counter the arguments of the rest of the members. I understood that individuals have different cultural backgrounds, personalities and values thus it is essential that group members focus on ideas and not differing personalities. It is important that group members familiarize themselves with discussion materials and clearly understand the rules and

Critical Thinking Part 4 Assignment Example | Topics and Well Written Essays - 500 words

Critical Thinking Part 4 - Assignment Example The authors clearly and openly recognize the subjects of the research, but have failed to indicate whether their Human Rights were protected. However, I feel that the subjects’ Human Rights were protected to prevent them against any exploitation or discrimination. Yes, the authors have acknowledged that they were given the permission to carry out this study which was approved by local university and hospital moral review committees. Also, the authors obtained informed consent from all the participants (Wilkins & Woodgate 458). In interpretive account, participants’ conscription focused on persons having the knowledge under study. In view of that, the insertion standards were as follows: cancer survivors who were out primary cancer diagnosis for 5 or more years, 19 years of age at the time of interview, taking residency in the region where the interviews were to be conducted, and fluent speakers of English. Research participants were conscripted from hospital based catalog and regional cancer registry. The regional cancer registry was consulted to exclude persons with malignant tumor diagnosis, second cancer diagnosis, amid others. Although the authors tell us that the participants were recruited, they have not indicated that the subjects received any money. There was no unseemly conflict of interest during recruitment. Most of the participants were from the vulnerable cancer survivors. Ideally, after one is diagnosed with cancer, the danger of developing a second cancer is an ingredient of day after day life. All the research subjects accounted that they had the full knowledge of their second cancer. Second cancer was expressed in terms of probable danger features for cancer, providing detailed information to the cancer survivors with a view to preparing them to conceptualize the theoretical nature of danger. This information forms the bulk of the argument that the subjects came from the vulnerable population (Wilks &

The Library Organisational Project Case Study Example | Topics and Well Written Essays - 1500 words

The Library Organisational Project - Case Study Example Different data-gathering methods were used, such as conducting interviews, distributing questionnaires and searching information from various sources, to gather as much information as the project requires. Team members were assigned to conduct interviews with each senior manager. I was responsible for interviewing Mr. Antony Brewerton, Head of Academic Support. Initially, I asked Mr. Brewerton to fill out questionnaires with the intention to analyse his perspective against his employee's perspective. Afterwards, I proceeded to interview him on leadership and management so as to analyse his leadership style and how he manages his department. Organisational Diagnosis Questionnaire (ODQ) designed by Robert Preziosi (1980) was used and the questionnaires were distributed to cover the five departments in the library. Using this questionnaire, a variety of dimensions of an organisation could be studied-such as purpose, structure, leadership, relationships, rewards, helpful mechanisms and attitude toward change. The questionnaire was used the in the analysis because of its benefits, as enumerated below- With the data gathered from the questionnaires, I conducted the qualitative analysis. ... b) Questionnaires: Organisational Diagnosis Questionnaire (ODQ) designed by Robert Preziosi (1980) was used and the questionnaires were distributed to cover the five departments in the library. Using this questionnaire, a variety of dimensions of an organisation could be studied-such as purpose, structure, leadership, relationships, rewards, helpful mechanisms and attitude toward change. The questionnaire was used the in the analysis because of its benefits, as enumerated below- Relatively easy to analyse, People familiar with the questionnaire, A large sample of the given population can be conducted, Information is collected in a standardised way, The questionnaires can be used for sensitive topics, which users may feel uncomfortable speaking about to an interviewer, and Respondents have time to think about their answers because they are not usually required to reply immediately. After finishing the interview with Mr. Brewerton, I asked for his cooperation to distribute the questionnaires among his staff through emails and to kindly forward the responses to me. c) Various sources: To get acquaintance with the organisation, I searched the information from different sources such as library websites, articles and documents provided by the Librarian. 2. Data Analysis The findings were divided into two categories, which are qualitative analysis and quantitative analysis- a) Qualitative analysis With the data gathered from the questionnaires, I conducted the qualitative analysis. The ODQ questionnaires were grouped under the seven dimensions and I calculated the average ranking for each of the dimensions. I plotted graphs in MS

Good bye Greek Assignment Example | Topics and Well Written Essays - 250 words

Good bye Greek - Assignment Example The Council also has a broader perspective, which is to build partnership between the school and the community with service. Ultimately, the Council’s overall spirit is creating activities for campus pride and participation. On the other hand, the MU’s Greek Leadership Council main goal is to strengthen a sense of com ­mu ­nity within our campus as well as foresee a perfect value founded institution. In partnership with the Greek Council, the students are in a position to strengthen their identities and as such live in harmony during their campus life. To bring order and discipline within or outside the university, both the Councils should come together and be one towards advocating for respect for each other and developing good values. The Council should have one agenda: providing a student perspective in deciding and implementing the goals as well as the initiatives of the University. The two Councils should bread the boundaries in terms of representation thus having one ideology. This ideology should aim at creating and overseeing a university with good values that provide an opportunity for both personal and professional growth. To arrive at solutions during the negotiation, both the two teams should nominate two representatives, who will take part in the negotiating process. Further, the VP should be the moderator since he will be a neutral (Kinzie & Kuh, 2004). Additionally, each team should come up with their own solution after which the best solution will be arrived at. Through nominating two representatives, time will be properly

Critical Thinking Part 4 Assignment Example | Topics and Well Written Essays - 500 words

Critical Thinking Part 4 - Assignment Example The authors clearly and openly recognize the subjects of the research, but have failed to indicate whether their Human Rights were protected. However, I feel that the subjects’ Human Rights were protected to prevent them against any exploitation or discrimination. Yes, the authors have acknowledged that they were given the permission to carry out this study which was approved by local university and hospital moral review committees. Also, the authors obtained informed consent from all the participants (Wilkins & Woodgate 458). In interpretive account, participants’ conscription focused on persons having the knowledge under study. In view of that, the insertion standards were as follows: cancer survivors who were out primary cancer diagnosis for 5 or more years, 19 years of age at the time of interview, taking residency in the region where the interviews were to be conducted, and fluent speakers of English. Research participants were conscripted from hospital based catalog and regional cancer registry. The regional cancer registry was consulted to exclude persons with malignant tumor diagnosis, second cancer diagnosis, amid others. Although the authors tell us that the participants were recruited, they have not indicated that the subjects received any money. There was no unseemly conflict of interest during recruitment. Most of the participants were from the vulnerable cancer survivors. Ideally, after one is diagnosed with cancer, the danger of developing a second cancer is an ingredient of day after day life. All the research subjects accounted that they had the full knowledge of their second cancer. Second cancer was expressed in terms of probable danger features for cancer, providing detailed information to the cancer survivors with a view to preparing them to conceptualize the theoretical nature of danger. This information forms the bulk of the argument that the subjects came from the vulnerable population (Wilks &

Good bye Greek Assignment Example | Topics and Well Written Essays - 250 words

Good bye Greek - Assignment Example The Council also has a broader perspective, which is to build partnership between the school and the community with service. Ultimately, the Council’s overall spirit is creating activities for campus pride and participation. On the other hand, the MU’s Greek Leadership Council main goal is to strengthen a sense of com ­mu ­nity within our campus as well as foresee a perfect value founded institution. In partnership with the Greek Council, the students are in a position to strengthen their identities and as such live in harmony during their campus life. To bring order and discipline within or outside the university, both the Councils should come together and be one towards advocating for respect for each other and developing good values. The Council should have one agenda: providing a student perspective in deciding and implementing the goals as well as the initiatives of the University. The two Councils should bread the boundaries in terms of representation thus having one ideology. This ideology should aim at creating and overseeing a university with good values that provide an opportunity for both personal and professional growth. To arrive at solutions during the negotiation, both the two teams should nominate two representatives, who will take part in the negotiating process. Further, the VP should be the moderator since he will be a neutral (Kinzie & Kuh, 2004). Additionally, each team should come up with their own solution after which the best solution will be arrived at. Through nominating two representatives, time will be properly

Effective People, Communication and Information Essay Example for Free

Effective People, Communication and Information Essay Legoland is a group of Lego themed adventure parks that offer an assortment of Lego themed attraction, mainly targeted at young children and families. Legoland is based in many different places in the world. At the moment there are four main Legoland parks. Legoland Billund in Denmark, Legoland Deutschland in Germany, Legoland Windsor in England and Legoland California in America. They also employ for a number of jobs including, catering, admissions, rides and attractions, security, finance, nursing etc. These jobs are normally seasonal as Legoland is only open in the summer and some holidays. This job can be part time or full time during the working season. In this section of the assignment I will describe Legolands rigorous recruitment process. They start the process in December during which time they send out invitations to previous staff and to local advertising to attract attention. They send invites to previous staff as they may want to work again and the company can save money on training new staff. While advertising is going on, all applications are shortlisted to the few that employers think have more potential. In January and early February, the successful candidates are then called for interviews. In Mid-February and March staff training starts so new employees are taught how to use the equipment properly and get to know the safety rules. Training is done during this time of year so staff are fully trained before Legoland opens to families. From april to august the recruitment is ongoing with staff turnover. This is because when some staff start, they may not like the job and decide to leave so Legoland need to be prepared to replace those that leave. Legoland also try to attend as many careers fairs as possible where feasible. This depends on staff availability. When Legoland staff arrive at these fairs, they set-up recruitment stands and models. They also provide job descriptions, applications and employment advice that relates to qualifications and experience that specific departments look at. Legoland attracts potential employees in many different ways: * Website to attract national and international employees. * Local newspaper to attract local audiences. * Careers Fairs held in schools and colleges to attract younger members. * Job centres. * Word of mouth. This section of the assignment is mainly about how Legoland attract potential employees. In order to find the right people they have to support their brand image to find a quality employee. The selection techniques are very strict as managers have to be very professional in choosing the right employees. Their advertising is focused and emphasises their culture and personal qualities. Their relationships with local employment bodies and educational establishments are very close so as to give everyone a chance to work there. You can apply by undergoing a screening interview on the phone or in person. This is good as Legoland employers can see aswell as get to know possible future employees. You can also apply online for any available jobs. By doing this and having overseas agents and employment organisations Legoland have internationalism. Legoland try to ensure that staff turnover is kept as low as possible by doing many different things. They try to get as many past workers as possible to save money on training which keeps the turnover low as less money is spent and less people are expected to leave as they have previously worked there. Appraisals are held to keep track of employees targets and the way they are working. Departments can get certain goals and targets to help achieve certain things. Legoland staff are given rewards and awards to help keep up their good work so there is less chance of them leaving the job as they may enjoy it more and decide to stay on further. Legoland look closely at NVQs and cross-reference them with other assessment schemes

Pigovian Tax: Analysis and Overview

Pigovian Tax: Analysis and Overview Neo-classicals uphold perfect competition as the ideal state of the market. But in truth, the economy is fraught with market failures. Therefore, we need government interference to correct many of these market failures. Pigovian Tax imposed by the government is one such course of intervention. It helps to curb negative externalities (e.g. pollution) and reduce the burden on the society caused by the externalities (social costs of production and consumption). Moreover, it attacks over-consumption, bringing it closer to the socially optimal level of production and/or consumption. The paper examines the effects of Pigovian tax and analyses its degree of effectiveness on an economy. What is Pigovian Tax? Pigovian tax is a kind of tax, which is levied to correct a negative cost that is created by the actions of any business firm, but that is not considered in a firms private costs or profits. Also known as sin tax, it is a tax placed on an action with a  negative externality,  to correct market failure (Mankiw, 2010). In the presence of negative externalities, the  social cost  Ã‚  of a market activity is not covered by the private cost of the activity. In such a case, the market outcome is not  efficient  Ã‚  and may lead to over-consumption of the product. A Pigovian tax equal to the negative externality is thought to correct the market outcome back to the level of efficiency. For example, a factory does not financially take into consideration the damages caused to the environment by their emissions. By imposing Pigovian Tax, the government can artificially make the firms bear the cost of the damages, which will ideally be equal to what the price would have been if a market for such an activity existed. In a country like Canada with a publicly funded health care system, that is, where the medical service of every patient is funded from government revenues, the cigarette tax acts as a Pigovian tax it raises the revenue necessary to offset the expenses towards the health care system, as a consequence of smoking. Pigovian Tax in Implementation This idea was first put forward by Arthur Cecil Pigou in the year 1912. In his book, The Economics of Welfare, he argued that industrialists seek their own marginal private interest, while not taking into account the social costs of their activities. Pigovian tax is the difference between marginal social cost and the marginal private cost, which is equal to the marginal external cost, shown as Tax in the diagram. The tax level may not equal the marginal external cost at quantities other than the socially optimum equilibrium level. The diagram indicates that marginal external cost increases with increase in quantity produced or consumed. After imposition of the Pigovian Tax, the new supply curve intersects demand (the marginal benefit) at the socially efficient quantity. As a result, the new competitive equilibrium, taking into account the amount of the tax, is efficient. Although this tax works perfectly in theory, its practical implementation is very difficult due to a lack of complete information on the cost of the damages to the environment. When Arthur Pigou first came up with the concept, he laid down a set of assumptions, one of which is a perfectly competitive market. Yet, perfect competition is an unrealistic situation. Monopoly, monopsony and oligopoly markets are commonplace. To internalize the external cost, the government needs to intervene by way of imposing taxes. Pigovian tax can be applied to all spheres of production, be it production of a good (automobile) or service (transportation, banking etc). Baumol and Oates (1975) argue that if Pigovian tax is set equal to the level of marginal damage (external cost) at the Pareto-optimal level of pollution, the industry will move towards its optimal pollution level. The tax is applied to the production of a good that has an externality. Overhead: Pigovian Tax Anatomy from Diagram 2- i. Unregulated result (Q, P) ii. Socially efficient level of production = Q iii. Efficient Pigovian tax = P-P iv. Tax payment to government (shared by consumer and producers = PACP v. Gross benefit from decrease in externality = ADBC vi. Foregone consumption benefits i.e., the social cost of abatement = ABC vii. Net benefit to society = ADB Pigovian tax enhances welfare of the society; restricting over-consumption. It also generates additional revenue for the government. Roland Coase (1960) propounded that if markets may not secure the optimal amount of externality, they can be very gently nudged in that direction without the necessity for full-scale regulatory activity. Yet again, the coarse theorem faces criticism. Property rights are not as strictly defined as required by the coarse theorem. Coarse argued that social costs are even worse if only the offender pays for the social harm and not the consumers for whom the goods and services are produced. Under the Pigovian Tax, it is only the firms who pay for the externalities. Moreover, it is difficult to calculate the right tax in a world of imperfect Coarsian bargains. The concept has evolved through time and many similar ideas were developed such as the Coarse theorem, emission trading i.e. cap and trade (Europe), Environmental Protection agencies (U.S.) formed with the idea of command and control, carbon tax, and tradable permits. The principal problem remains that of quantifying the externality. There is some debate about whether to quantify externalities if the methods are imperfect. The usual response is that as long as we are honest about the flaws in the numbers, it is better to have some numbers than none (Phillips, Carl V, 1999). The benefits accrued by taxing externalities are more than that without taxing the externalities as shown with the game theory approach. The co-ordination game consists of two players, Company A and Company B, with two strategies: Subject to Pigovian Tax and Not Subject to Pigovian Tax. The payoffs of each player are given in the matrix. Nash equilibrium occurs at 2 points, when both companies are subject to Pigovian taxes and when both companies are not subject to Pigovian taxes. If both the companies are ready to bear the social costs, the benefits of sustainability accrued to the companies and society as a whole are more than if the costs are not borne by either company. The many forms of Pigovian Tax Since players dont always come to a socially efficient negotiation, there is a traditional way of limiting externalities command and control. This approach sets quantity limits on activities that have external effects. However, the method is cumbersome. While this method has been undertaken by the US government, the economies of Europe consider cap and trade as a better solution. It causes the least polluting firms to do the majority of the production since their social cost of production is the lowest. Rajeev K. Goel and Edward W. T. Hsieh laid down a two-period model in their research (Durable Emissions and Optimal Pigovian Taxes) where a social planner minimizes social damage by setting the per-unit Pigovian tax on a polluting monopolist. Results show that for a given level of production, the durability of emissions and the socially optimal Pigovian tax are negatively related. Mike Moffatt, in his article named Pigovian Taxes Joining the Pigou  Club; Promoting Economic Growth and Reducing  Externalities, wrote in favor of Pigovian Tax, stating, One of the uses of taxes is to discourage activity that has negative externalities, or we believe is otherwise economically/socially harmful. The benefits accrued versus the inherent failings In addition to correcting social disequilibrium, these taxes also raise revenue for the state. In 2004-2005, the Canadian government collected $16.7 billion in other taxes, which were largely Pigovian taxes such as energy taxes and excise taxes on cigarettes and alcohol (Moffat, 2006). In theory, using Pigovian taxes to correct what economists call market failures is simple. But in practice, its not so. The important problem often ignored by advocates of Pigovian taxes is what might be called the measurement problem or the Knowledge Problem. Pigou himself also declared that it must be confessed, however, that we seldom know enough to decide in what fields and to what extent the State, on account of [the gaps between private and public costs] could interfere with individual choice (Pigou, 1954). Pigou and  Friedrich Hayek  point out that the assumption that the government can determine the marginal social cost of a negative externality and convert that amount into a monetary value is a key weakness in the framework of the Pigovian tax. The economists blackboard model assumes knowledge we dont possess its a model with assumed givens, which are in contrast with real-world happenings.  Friedrich Hayek  would argue that this is knowledge which could not be prov ided as a given by any method, yet could be discovered, due to insuperable cognitive limits. However, the key difficulty with this tax is calculating what level of applied tax would counterbalance the negative externalities. Even when a Pigovian tax is charged to correct the market imperfection in a world with regulations and efficient transfers, the observed amount of the externality (e.g., pollution) is unlikely to be zero since we will still observe some externalities as a consequence of the exchanges and transfers. The rate of tax best set should be equal to the per-unit external cost that spills over into the society. A tax imposed without such calculations may well be inefficient and redundant. There is also political influence on the levied tax, in such a way that lobbying of government by the polluters may tend to reduce the level of the tax levied and which would ultimately reduce the mitigating effect of tax and lead to increase in production. Instead of accomplishing the goal of the tax imposed, the burden shifts to the society. Thomas A. Barthold (1994) argued that in the US in the year 1994, the actual policy decisions often came from budget requirements, and not concern for the environment. The taxes do not always comply with economic theory because social benefits and costs are hard to measure. He uses the 1989 Montreal Protocol as an example. President George H. W. Bush signed this protocol that allowed either a permit auction or a tax on ozone-depleting chemicals. Barthold attributes the decision to implement the tax to the pressure on the Ways and Means committee to come up with more consistent revenue. Like the other taxes imposed by the government, Pigovian tax gives air to malpractices like black marketing, smuggling and child labour, especially if they create large differences in the prices of products, which are popular, and if the demand for the product increases in spite of the increase in production. Pigovian Tax imposed by the government is a complex mechanism. It has its societal merits and elementary de-merits. While it covers the cost of negative externalities and eliminates the burden of society, on the same page, it may also hamper the growth of industries leading to inefficiency of small industries. In a monopsony market, where there is only one buyer, it is difficult to impose Pigovian tax since the burden of the tax will be borne by one entity. This may consequently lead to rise in the prices of the commodity. When Pigovian tax is imposed, in a monopolistic competitive market, the tax will be borne by a large number of consumers and hence, the burden of tax is divided. While it can be said that imposing Pigovian tax would lead to a reduction in the level of quantity produced of a commodity by an industry, it can also cause the industries to look upon to new advancements in technologies. This will open doors to research and innovation in the field. For example, the company AkzoNobel Industrial Chemicals is always trying to innovate and make a leap forward in its development to achieve its target to reduce CO2 emissions. Its production facility in Mariager in Denmark uses wood to generate electricity. Wood and other plant-based materials are also used to produce chemical building blocks. Moreover, this shift in technology by commodity producers will cause the externality to be automatically internalised. Whatever benefits Pigovian taxes might be able to provide, it will usually give diminishing returns past a certain point, where the government might fail to achieve their objectives of meaningfully reducing the excess social costs. Instead, these kinds of taxes would appear to simply become a vehicle by which politicians may raise tax revenue by imposing a discriminatory tax policy aimed at an undesirable minority. Therefore, only where  institutional and trade solutions are not efficient, the government should consider whether specific  interventions, regulation or specific  taxes are appropriate to address externalities. These measures are preferable when the net efficiency gains from the  intervention are larger than the associated administrative and compliance costs. This suggests that intervention is desirable when externalities are reasonably large.

Biomechatronics Essay -- physics biomechatronic

When Luke Skywalker's hand was sliced off by Darth Vader in the trilogy Star Wars, he received a new prosthetic hand which was fully functional in use and appearance.Today, this science fiction is becoming reality as an exciting new technology called Biomechatronics is promising revolutionary advances in the field of prosthetics. As the name implies, biomechatronics merges man with machine. It is an interdisciplinary field including biology, neuroscience and physics. Biomechatronic scientists create devices that interact with human muscle, bone and the nervous systems with the goal of "assisting or enhancing human motor control that can be lost or impaired by trauma, disease, or birth defects." Today there is a great need in advances in the field of prosthetics. This demand is being generated in large measure by wounded veterans needing prosthetics. While new advances in body armor is saving lives, it is also leading to many limb injuries in soldiers who would not have usually survived. In the first two years of the Iraq war, over 200 soldiers lost limbs. While health care is still servicing wooden hands designed in the World War I era, many patients are unsatisfied with the unnatural movements, aesthetics, weight and lack of motion in these outdated prosthetics. Colonel Geoffrey Ling, a program manager for the Defense Advance Research Projects Agency (DARPA) who is overseeing a project to improve prosthetics says, "The best hand prosthetic one can get is a hook, right out of Peter Pan. It's heavy, it's clumsy and cosmetically, it's just horrid." That is why DARPA along with 70 million dollars to John Hopkin's Applied Physics Laboratory are spearheading the work. The projects goals are lofty: APL hopes to design an arm ... ...zine. (2007) On-line. http://www.baltimoremag.com Freudenrich, Craig Ph.D.. How Biomechatronics works. (2007) On-line. http://www.howstuffworks.com/biomechatronics.htm Su, Y. Fisher, M.H. Wolczowski, A. Bell, G.D. Burn, D. Gao, R. Basics of MRI-I. 19 May 2005 'Towards an EMG Controlled Prosthetic Hand Using a 3D Electromagnetic Positioning System' Instrument and Measurement vol. 1, p. 261-266. Guinnessy, Paul. Sept 2006. 'DARPA joins industry, academia to build better prosthetic arms' Physics Today p. 24-25. Unknown author. (2007) On-line. Nerve cells. http://www.cidpusa.org/physiology.htm Herr, Hugh Ph. D. White House/VA Conference / Emerging Technologies in Support of the New Freedom Initiative: Promoting Opportunities for People with Disabilities October 13-14, 2004. (2007) On-line. http://www.rehab.research.va.gov/whc2004/day1/pan-herr.html

Depression Leading to Suicide Essay -- hopelessness,

One who suffers from depression may think about and or attempt suicide because of the extreme emotional pain and hopelessness they feel. It is during this time that one believes the only relief is in by putting an end to their lives. The risk factors that are identified in the assessment by Dr. Niolon state â€Å"the first thing to remember is these three things: consult- this allows for another opinion and better care as well as to protect you and document everything you do every question you ask the client and everyone you speak too and evaluate the client’s risks† (Niolon, R. PhD., 1999). Factors that influence suicide risk are mental diagnosis, particularly depression and substance abuse, or Borderline Personality Disorder which increases risk. Age- Individuals over the age of forty-five (45) are at a higher rate. Gender (women try more frequently while men try more fatal means). Marital status (never married, divorced, newly separated are the highest rate while unm arried are lowest risk). History of suicide in their family recent job loss, Caucasians are at a higher risk than ethnic minorities. (Niolon,R. Ph.D.,1999). Depression, has occurred at some point in a great many people's lives. Depression that spiraled out of control into suicide thoughts and in some cases it may have even turned into attempts. Such thoughts and/ and or actions can be feeling more than a person can handle by themselves. There are warning signs, such as, feelings of sadness for no reason at all, loss of interest in do in things, such as participating in activities with friends or going to outside social events, it also includes not being albe to enjoy activities that once brought them happiness and pleasure. Most of society is able to disch... ...hem, but if given the right information it is possible to encourage them to go to their family and friends , and that suicide is certainly not the answer and that there is help is available. For those who are affected by others who suffer from depression and suicidal thoughts/and or attempts you need help to you may also need help from the emotional stress and worry that it has caused you, group counseling/and or therapy. Works Cited Niolon,R.,Ph.D., (1999). Resources for students and professionals. Suicide Assessment. Retrieved from http://www.psychpage.com/learning/library/counseling/suicide.html PsyWeb.Com. (2013). Depression and Mental Health Resources. Retrieved from http://www.psyweb.com/mdisord/jsp/gendepress.jsp Conwell Y, Brent D. Suicide and aging. I: patterns of psychiatric diagnosis. International Psychogeriatrics, 1995; 7(2): 149-64.

African American Identity in Media

The print ad was about drug abuse and risky teenage behavior. We have to be realistic and see that many of the victims continue to be African American teenagers, especially the ones coming from poorer families.Although any young person would be attracted to an ad like this one, it seems to reach out to African Americans more because it speaks of struggles and pressure, both of which they are most acquainted compared to other people in this country.What shared values or norms are promoted in the media or marketing piece you selected?The print ad highlights the values of identity and freedom. What the ad is saying is that you don’t have to give in to peer-pressure. You can do what your own thing and be your own person without destroying your life. You can be free from drugs and you do not have to fit into the stereotype of a â€Å"teenage junkie†. It’s not worth it. Be your own person. Own yourself.How do these values contribute to the cultural identity of African- Americans?It should bring about feelings of liberation and pride. African Americans have fought so hard in the past to have the same rights, walk the same streets and work in the same jobs as white people. This is what these ads are reminding them of. That they must continue to fight whatever it is that keeps them from being free.They must resist the stereotypes and transcend these daily temptations to join the deteriorating masses. These values create a sense of connection between them because it reminds them that freedom does not come easy but the sweetness of freedom makes it worth fighting for. Today many African Americans are leaders in business, media, sports, entertainment and all other possible fields — all because they transcended the stereotypes.   

International Portfolio Diversification: World Oil Economy

The prospect of innovating new technology is not only very economical but it also serves as an operational assistance to solve the forthcoming oil crises. With the help of this new technology, by 2015, we will be capable of earning about $10 billion annually. Under the current scenario, many people have predicted that the oil crises will prevail in the future. Daniel Yergin expressing his concern said that â€Å"people seem to have forgotten that oil prices like other commodities keep fluctuating and these can go up again†. Robert Dole pointed out, â€Å"in the future security of world's oil and gas supplies will be a vital interest of the US and other Powers†. (Romm and Curtis, 1996) The consequences of the rising trade deficit on the security of our oil resources have also been underlined by Alan Greenspan; the Chairman of the Federal Reserve bureau. Department of the Energy Information Administration (EIA) states that the daily consumption of oil by 2010 will rise to 20 million barrels. The International Energy Agency debating increase in population, urbanization and industrialization commented that the world's population specifically of Asia and Latin America will increase about 50% by 2020. (Romm and Curtis, 1996) It means more villagers will move to city resulting in increase in the consumption of energy and oil and the decrease in the cultivating area as oil the fundamental unit of urbanization. An analysis done by the national laboratories of the Energy Department shows that â€Å"the per capita energy consumption of china and India’s urban population can rise to 45% in the coming years†. Consequently, their daily consumption of oil will rise up to 119 million barrels. This is twice the global oil consumption today. (Romm and Curtis, 1996) Under the worldwide economic depression the global energy demand of oil is expected to rise high. According EIA, 80% of this demand will be fulfilled by the Persian Gulf. It means that within 10-15 years the export market share of Gulf countries will increase up to 67% of its current share. Moreover, EIA predicts with this increase in the demand of oil by 2010, the oil prices will rise up to $24 a barrel; causing a 75% increase in the export market. Besides, other countries have initiated a 15% and 10% increase in their oil production and in their proven reserves respectively. Unfortunately their reserves durability has fallen to 18-17 years. Unlike these countries OPEC’s attempt to raise its production and proven reserves to 20% and 75% will raise its productivity for ninety years. On the whole is seems that the economy and security of the United State is in the hand of OPEC countries, due to its increased dependence on oil. (Romm and Curtis, 1996) In the coming decade, the US is expected to import about 60% of its oil, of which one third will be imported from Persian Gulf this will raise its trade deficit in oil to $100 billion yearly. This is a great and persistent setback to its economy. In past decades the oil import has increased vulnerability to raised oil price increase. This is always fallowed by economic recession. Hence, by 2010 the oil revenue of the Persian Gulf nations is likely to increase to $250 billion from its current price of $90 billion annually. it means that the wealth of Persian Gulf will raise to $1. 5 billion in the next decade. This scenario is of great concern as it will bring heavy weaponry, influence and mischief in the troubled region of gulf. This may Increase military and technical expertise for Russia. (Romm and Curtis, 1996) Noticeably, in the future economic recession the competitors of US will be the Asian countries with their growing consumption of oil rather than the NATO countries. Whose measures to consume limited oil are of are helpful to US in the current a future scenarios. (Romm and Curtis, 1996) Presently, â€Å"International Departments of Energy (IDE)† are trying to explore and extract oil from countries other than Gulf e. . certain reserves of oil have been explored form Soviet Union. Hence, to facilitate these stances Department of Energy (DOE) is encouraging the privatization of many oil companies; particularly, those situated in Mexico and Latin America. In fact DOE is spending $10 million annually to develop advance oil field technologies. This will be helpful to reduce the cost of finding and extracting oil. EIA believes that US import of crude oil will reach to 10 million barrels within 15 years; even after maintaining a decline in the domestic oil usage. (Romm and Curtis, 1996) To reduce oil consumptions DOE has invested ten of million of dollars in automobile sector for The development of less fuel consuming cars and trucks with internal combustion engine, electricity run cars, boifuel consuming cars, super efficient hybrid vehicle, and devices with energy storage capacity like batteries etc. it is also investing to use the wastes of crops instead of natural gas. Most experts believe that the long term replacement of oil is only the fuel cells technology. Even if oil prices decreased, DOE’s attempt to produce alternatives will be helpful in many ways. These initiatives will create jobs and will save the money otherwise invested to import foreign oil. It will help in environment protection as on using these technologies less fuel will be consumed. (Joseph J. Romm and Charles B. Curtis, 1996) David and Crucini were conducted to analysis the variability among trade and Sudden movements of oil prices. For this reason we studied the correction terms of trade and other variable. Three oil producing countries – two industrial and on non industrial- were taken as sample. And a correlation was conducted among these industrial and non industrial oil producers. The results of the study explain the changes in oil production tends to affect the industrial productivity and ultimately to the trade. If production increases trade will also increase and with the decline of production trade will also decrease. (Backus, & Crucini, 2000) This also assists in finding the â€Å"correlation between the terms of trade and output generated†. The results show that there is a positive correlation between the trade terms and the increase in productivity. Increase in trade is directly proportional to the increase in productivity; if trade increase productivity will also increase. Besides, there is a negative correlation between the terms of trade and oil price hike. Trade decreases with the increase in oil prices and increase with the increase in oil prices. (Backus, & Crucini, 2000) The mechanism explained above also affects the trade and productivity of the items produced in the country. If there is an increase in the products domestically produces and traded, there prices will decrease. But if there is a decline in the production and trade of these products, an increase in their prices will be viewed. Therefore, If the oil supply is disrupted it will reduce the productivity and trade ability of an industrialized country. It is due to the fact that most of non oil producer industrialized countries import oil for use in their industries. So if there is a shortage of oil it will cause decrease in the products produced by the industry. In other words one can say that the oil prices are inversely related to the trade and productivity of a country. Therefore if there is an increase in the prices of oil it will badly affect the economy thus causing economic recession. (Backus & Crucini, 2000) The behavior of international oil prices in the postwar economy can be understood through the economic recession of 1970's and 1980's. When countries have to experience sudden increase and decrease in the oil prices. Moreover, between 1973-1986 oil prices underwent a noticeable changes in different directions: output vitality increased in UK, US Italy and France. However a noticeable decrease in the output was observed in Germany and Japan. Similarly an increase in the consumption of oil was perceived in Italy, Japan, United Kingdom and United States while declined in consumption of oil was by Germany and Japan.. Notwithstanding, this increase in the trade of five countries, the correlation of the exports was negative. The results showed that the trade prices are short lived and synchronized by the changes in the relative oil prices. (Backus & Crucini, 2000) the non-oil producer countries have large share of fuel in trade for example the Japan’s share in the fuel trade market was 22. 2%. However after first economic recession and oil price shock in the mid 1970's a change in fuel share was viewed: France, Germany, Italy and Japan all faced double deficit in their fuel trade. The cause of some of this reversal of trade deficit was the either collapse of oil prices in mid-1980's or energy conservation. However positive changes were viewed in the fuel share of Australia and Canada while US emerged as a net exporter of fuel through North Sea oil production. On the whole it was proved that oil prices have a cyclical influence upon the terms of trade. Backus & Crucini, 2000) Moreover term of trade of the smaller countries is more volatile as compared larger countries. Sudden increase in the prices of oil reduces the productivity and trade, simultaneously. On the whole this study suggests that there is an unstable relationship between relative price and quantities. Especially when increase in oil prices act differently over time. Hence the terms of, output, and the trade ba lance can be maintained and kept stagnant by controlling the source of oil price shocks. (Backus & Crucini, 2000) A crude oil reservoir contains crude oil extracted using primary, secondary, improved, enhanced, or tertiary method. Created liquids and those extracted from mined deposit are not crude oil. There is no doubt that crude oil reservoirs are in vast quantity yet the fact remains that they are finite. In fact most of these reservoirs are almost fully explored or are being explored. Petroleum production has been culminated with the increase in the demand. Currently demand for the crude oil in the developing countries like China, India, South America has risen up to 2%. (Wood et al, 2000) These countries face increase in the growth of crude oil demand due to increased consumer demand. Crude oil is mostly consumed for transportation and in internal combustion engines. Neither developing country other than China and India demanded high crude oil either due to political or economic reasons. However many economists and industry professionals predicted that over past two decades world crude oil production will increase with increasing frequency. And this increase will cause noticeable impacts on the world oil prices, lifestyle of people, US economy etc. Wood et al, 2000) In April 200, the United States Geological Survey (USGS) marketed the results of their most detailed and modern study. This 5year study was conducted by the geoscientists to compute and analyze the resources of crude oil and natural gas in the world. Basically this study was conducted by USGS â€Å"to provide impartial, scientifically based, societal relevant petroleum resource information essential to th e economic and strategic security of the United States. † The results of this study were used by EIA to analyze world oil supply in the long run. Hence, we can say that the EIA's analysis is based on historical and geographically derived facts rather than mere assumptions and estimations. (Wood et al, 2000) if the resource base is large it will reach peak of its production at a later stage as compared to a smaller one. Moreover, if following the USGS analysis crude oil continue to produce at 2% Growth rate than and if the production starts declining than till 2037 the production of the world’s crude oil will raise up to 53. 2 billion barrel annually. However, depending upon the demand it is also likely that by 2112 and 2021 the production of the crude oil may rise to 24. 6 and 48. 5 billion barrel (Wood, Long, Morehouse, 2000) the growing demand of the crude oil can only be reduced trough the invention of new technology e. g. hybrid powered automobiles and substitution of the source of energy e. g. Hydrogen- fed cell. The increase in unconventional sources of production (tar sands and very heavy oil) also depends upon the rate of technological advancement. This type of production is very economic and successfully working in Canada. However from this study we estimate that oil will peak in the middle of 21st century which means new energy doesn’t have the large time required to penetrate the market. Therefore these results does not justify both the supply and demand of the research (Woo et al, 2000) Since World War II about US recessions were fallowed by sudden increase in oil prices. Although, it doesn’t make any difference, in analyzing the outcome of oil price shock, economic decisions are more concerned with real oil prices rather than nominal oil prices. However most of the oil shocks are based upon the nominal prices as their magnitude is larger than the overall. Initially the nominal prices stay stagnant and change over time. The difference and nominal is that the former are the outcome of the change in internal economic inflation and have external statistical representation. There form many researchers use nominal oil prices as an explanatory variable to explain oil price economy. (Hamilton, 2005) In an economy dollar have a fairly small share i. e. in 2000 US consumed about 7. billion barrels of oil purchased at a price of $30 a barrel. This shows that dollar share is 2. 2% of the $9. 8 trillion GDP of US. However the nominal GDP of US has risen to 3. 8% in the past few years, after the production and supply disruptions caused by five oil price shocks and economic recessions. (Hamilton, 2005) The decrease in the quantity of oil supplied is actually synchronized by the sudden increase in the fuel prices. The oil shocks contributio n of economic downturns should be attributed with changes caused by other factors and capitalization rate. Theoretically, Increase oil prices will cause a decrease in capital and labor allocation. However, in reality an oil price cause increase in the output (allocating of labor and capital). (Hamilton, 2005) The economic regression of 1949-80 predicted a slow GDP growth of about 2. 9% annually after an oil price hike of 10%. However, 1949-2005 regression predicted only 0. 7% slow GDP growth. This is resulted through the use of less fuel efficient cars. Noticeably net oil prices have shown an increase in the crude oil prices to about 20%. In 2004 oil prices showed an 18% increase while world production showed an increase of 21%. Similarly 2005 viewed 0. 2% increase in production and 21% increase in oil prices. These figures show that increased demand of oil contributed to the Increase of oil prices during the last years. (Hamilton, 2005) The recession from the oil prices increase suggests that there is some kind of relation between oil prices and productivity. The oil price shock is governed by factor share argument and affects the economy through the disruption caused by consumer and firm’s investment on other goods. Oil prices also affect the inflation rate governed by monetary policy on long term basis. (Hamilton, 2005) Today, we are so heavily dependent on oil that 90% of our transport, 95% of all good and food products requires oil. In short, today the world is consuming 80 million oil daily and 29 billion barrels of oil yearly. Unfortunately these figures of oil consumption are rapidly rising. According to the US government assumption by 2025 this demand of oil will increase to about 120 million barrel daily and 43 billion barrels yearly. (Leggett, 2006) America only consumes quarter of global current demand for oil. This is due to the decrease in domestic oil production and increase in demand during last 35 years. These figures show that America’s share of oil import will increase over time. Today, of the 20 million barrels consumed by America about 15 million are imported from the Middle East. The US can cut its import of 5 million barrel by increasing the fuel consumption capacity to miles per gallon of its automobile but instead it has allowed General Motors to build automobiles. Similarly, the US has increased the Share of Spots Utility vehicles to 24 % by 24%. (Jones et al, 2004) Consequently due to these lavish expenditure US vehicles fuel consumption ability reduce to 2. 44 mile per gallon in 2001 as compared to other countries whose cars have the capacity of moving 60 miles per gallon. (Jeremy Leggett, 2006)On the whole the fact remains that oil is finite thing. Different people have different views in this regard some think that only about 2 trillion barrels of oil is left to be used and discovered while other think that this amount is at most 1 trillion. The former suggests that oil production will expectedly end till 2030 which means there is enough time to go for alternatives. They also believe that 1. Saudi Arabia have achieved its peak of pumping and couldn’t serve as an alternative during recession 2. the giant oil field have all been exploited and none is left behind however in later case it seems the recession time will come soon and there is less time to innovate is a factor with help of which oil price shock can change macroeconomics. Reallocation of labor after the recession period is really helpful to reduce the effects of oil price shocks. Under a long lasting oil price rice reduces the energy usage, capital and labor supply which causes a reduction in the investment sector and capital stock market decline as well. Janis suggested that under increased oil prices wages are â€Å"potentially significant† even with low oil price and productivity. (Jones et al, 2004) Therefore, it seems that reallocation of capital and revision of investment plans is necessary to oil price shock effects on the macroeconomics. Oil price shock has a double effect on the destruction and creation of jobs in all sectors. In the case of positive oil price shocks sector responds ten times positively than in the negative shock situations. Increase in petroleum products cause an increase in the wages of skilled workers but 3%- 4% decrease in real wages of workers. In other wards one can say that oil price increases have a negative impact in the short run but in long run it has a positive. With the increase in oil prices unemployment also. (Jones et al, 2004) Interest rates have strongly asymmetric response towards positive and negative oil price shock in short run and a moderately asymmetric response to long run. It means that the oil price works primarily through GDP mechanism and affect the interest rates with its fluctuating prices. Hence, if the prices of petroleum increase the crude oil prices will also increases but if the prices petroleum decreases the price of the crude oil will also decrease. Jones, Leiby, and Paik suggested that â€Å"In case of crude oil relation with GDP asymmetry is the speed of response to the price in price GDP case asymmetry is the magnitude of the price hike†. Some experts say that the oil price of the 1970s was the real cause of the economic recession. Both energy prices other words it can also be said that the oil price shocks primarily through employment, GDP and interest rate. (Jones et al, 2004) There is a little doubt about the impact of the monetary policy’s response to the hike in the oil price. However, DOE did reached a conclusion that during 197-1990 episodes of recession that some of the GDP reduction was caused by a deficiency in the monetary policy and was outcome of oil price hike. This means that an alternative monetary policy could have averted recession of 1970s. One can say that during economic recessions oil prices indirectly act on the GDP through the monetary policy. The prices shock in the OPEC is actually the result of depressed growth but due to the increased demand of the oil. (Jones et al, 2004) After 1980s recession OPEC its ability to keep the prices of oil stable this type of change may be cause due to Oil prices never affected GDP. It was viewed to be so due to the lack of lengthy data to be studied. Since the World War II the pricing of world oil market was not as linear and simple as was observed. So when the flexibility in observing thing emerged the observers began to understand the price signal. (Jones et al, 2004) The changes in the stock market, which are caused by increase in economic activity is crucial for economic activity. Both present and future impacts of oil prices on the stock price are notice worthy and helpful to determine the future scenarios. The relationship between the stock market and the oil prices is reflected through the effects of stock market on cash flows. In other wards the cash flow of oil prices have a positive or negative impact on the stock market. 0% of the oil price shocks are responsible for the ups and downs in the business circle while only 16% is responsible for the fluctuations in the U. S. (Jones et al, 2004) The above discussion proves that during an economic recession GDP-oil relationship is mostly observed. This relationship can not be either avoided by the alternative monetary. Mover over after World War II the oil prices have been p roved to be non reliable and constantly fluctuating factors. Empirical research also shows that reallocation of 11% manufacturing labor occur after oil price hike. Hence, it seems that from a macroeconomic perspective all the price movements are different. It is necessary to develop policies helpful to deal with the oil price shocks. (Jones et al, 2004) To forecast oil supply a low cost approach can be helpful. It will help to determine the nature of the bias and recurring errors. This type of approach is necessary to explain the difficulties involved in making petroleum supply forecasting at a macroeconomic level. (Lynch, 2002) Forecasting of oil prices is in practice since late 1970s e. g. Lynch predicted that the by 2000 Gulf’s boom in oil production will decline to $13-18. per barrel. But this forecast was base upon the economic recession of 1970. Despite being shifting from the hands of one company to the other, oil prices have remained constant to $14 per barrel throughout its history. But this stability of the prices changed in 1970s, when it had to face price hikes due to disruptions caused by supply and demand. (Lynch, 2002) The OPEC decision to introduce a long term price raisin path supported the expectations of having a 2-4% price growth. This step was so mush supported that for many years’ people demanded these types of initiations. For a long time there is form cast that oil prices will remain flat. However, it seems that the price hike of 2000 will alter it. Since 1980s the researches related to oil production and supply has become pessimistic which a common approach before 1979; when most of the studies focused upon scarcity of recourse, and need for new discoveries outside the Middle East. The production of world crude oil has changed over time. In a study conducted for non-OPEC forecasts that that most of the errors and bias faces were same leading to the peak in production. Lynch, 2002) The development of a new technology for the extraction of oil does have many positive consequences, who really demand appreciation. Today with the help of technology many discovered but unutilized oil reserves have been drilled and are being marketed. For instance, oil reserves of North Sea were abandon due lack of heavy expenses in 1970s. Today these reserves have been discovered with the help of technology at a very low c ost. According to a study 1998 with the use of modern technology the oil reserves of US rose to about 24000 tones. This means that with the help of modern technology US underwent a remarkably 16% increase in its reserve. (Lynch, 2002) Notwithstanding this increase it is also true that these reserves are finite and will tend to decrease over time. Lynch conducted a study in this field and found that the production oil reserve will undergo a 10-20% decrease annually since its drilling and extracting starts. Even between Gulf countries the productivity level is different and depends upon the location. For instance, Drilling in Saudi Arabia will bring more revenues as compared to drilling in Oman. However, it is also a fact that most of the countries try to hide the actual situation and capacity of their oil reserves e. g. according to the report of Canadian oil experts the oil reserves of Canada remained same during 1999 and 2000. (Lynch, 2002) Many countries are reluctant to import oil in heavy quantity due to heavy tax rates. As most of the oil producing countries demand high taxes on the export of their products. In such cases producing countries raise the prices which then seriously affect the global economy. However, since the formation of OPEC oil prices are continuously regulated and controlled. (Lynch, 2002) The world oil production is regulated under Saudi Arabia and OPEC members since 1970s. After the oil shocks of 173 the new sources of oil supply have been discovered: Mexico, North Sea, China, Alaska, etc. Besides, Russia is the third largest producer and the second largest exporter of oil. Today, OPEC has a 40% share of the world oil supply which is sufficient to exert power in marinating and fluctuating world oil prices. The oil usage of US has been decreased since1980s economic recession. In 2000, after sudden 16% increase of oil prices US oil production declined to 12% As a result of these different trends in consumption. This means now the US more rely on imports than before. However, the US exports the domestically produced oil at the globally set prices. After the terrorist attacks in US oil prices were reduces bringing great setbacks to the world economy. This happened because of the ban imposed on air travel. (Perry, 2001) The Middle East does not seem to be affected by terrorists, yet its geographical locality and vulnerability to the terrorists can not be ignored. Currently both increase and decrease in the oil prices is viewed. (Perry, 2001) The recent oil forecasts claim that next economic recession will be caused by terrorist attacks and the prospect of authorizing limited airlines theses acts are likely to reduce the world oil demand which will ultimately lead to global recession. The OPEC could avoid this recession by introducing production and. Saudi Arabia has initiated by applying a production and price cut to its oil reserves: its oil price has reduced to $4 a barrel in October 2001 immediately after terrorist attack on the US. The oil prices decline of 1980s and 1990s will be very much helpful in the current situation: by assisting airline industry, slowing down the inflation rates, and will assist inpursuing expansionary monetary policy. (Perry, 2001) The two recessions fallowed by the world war were greatly associated with the disruptions in the oil: †¢ During the Arab-Israel war of 1974. Arab countries announces major cut in the production on oil and prohibited shipments to the supporters of Israel. The OPEC raised the crude oil price to $12 from $3. The 1975 economic recession faced both higher oil prices and depressed the oil demand. It was the time when OPEC had to cut production to maintain high oil prices. But this prospect negatively as with the fear of shortage of supplies certain precautions were adopted. (Perry, 2001) It was the time when US felt need and created the strategic petroleum reserve similar to those established in industrial countries. In addition, also applied buying constrain ts on consumer and imposed moderate price control measures on the domestic oil producers and refiners. (Perry, 2001) After the recessions of 1974-75 and the Iran-Iraq war of 1980 the high the OPEC prices shocked the world. OPEC raised its price to $30 a barrel exceeding to $35 a barrel. The imposition of greatly high taxes on petroleum products caused high inflation. Ultimately, it will increase the already rocketing food prices. This was the time when more intense monetary policy was in demand. During the 1979-1980 recession, the increase in production was needed to stabilize the market. Saudi Arabia was the first to raise it production up to 8. 6 million barrels a day in 1979 to 10. million barrel in 1980 and 1981. In 1983 and 1985 Saudi again acted and applied a production cut to 5. 0 million barrel and 3. 6 million barrel respectively. Though this worked but during the Arab war OPEC proves its ability to stabilize prizes by raising production to 5. 5 million per barrel, of which Saudi share was 3. 1 million. (Perry, 2001) Today, most of the economic forecasts suggest that the terrorist attacks if not controlled will lead to another economic recession. As terror is attacks will affect and reduce consumer and business spending. Today the major problem is not the rocketing oil prices but the security of oil reserves. Most of which are will the politically troubled and unstable region of the OAPEC and the OPEC. Today, the most important fear of all oil consuming country is to save the oil reserves from going in the hands of extremists. As bin Ladin has claimed to charge $144 a barrel after conquering the reserves of oil. (Perry, 2001) In the case of reducing the oil supply it will badly affect the economy of the US and the world. The good thing is that if new oil crises arise it will result in the demand for the reduction in foreign oil production. Notwithstanding, reality will never change that it is impossible to reduce dependence on foreign oil products. Today, the 40% of the US energy demand is fulfilled by the petroleum. The domestic oil reserves of the US have already diminished therefore it will definitely have to import foreign oil to fulfill its needs. Under the today’s scenario, the US consumption of oil will only partially change that also bringing a decline to its industrial economies. (Perry, 2001) The oil price crises emanates from the higher prices produced from the Middle East even if it is not involved in it. The individual nation producer cannot set their own prices they do have to fallow the prices set by the international market. Otherwise, the world will face great inefficiencies and it would become to fulfill the worldly oil need. Economy will be greatly exposed to the effects of the reduced oil. (Perry, 2001) Economizing oil prices are more helpful in the long run to changing capital stock and usage of less energy but in the short run there are scarcely efficient methods to reduce the effect of high prices it is for this reason that the demand of oil in the short run is more elastic. This means that 1% cut in the short run will cause 20% of the increase in prices. The magnitude of the impacts oil price rise in the short run depends upon the monetary policies and inflation. This shows that high prices will lead to high inflation and this will greatly affect the economy as the price of oil supply will be transferred to oil producers rather than oil suppliers. However, it is also clear that these years economy has seen less inflation as compared to the past. (Perry, 2001)