Dave Matthews Band Live At Red Rocks free essay sample

How does a band set up guitar, bass, drums,flute and violin and really stable great? One of the most well known bandsright now is the Dave Matthews Band and they pull off this accomplishment quitenicely. In spite of the fact that they have been performing for quite a while, the teenagecrowd has recently begun to pay heed to them. The Dave MatthewsBand as of late discharged another collection entitled Live at Red Rocks8.15.95. The collection is a twofold CD and is a live account of aconcert. The explanation that the band did this as opposed to going to thestudio to record new tunes was to eliminate unlawful exchanging andselling of contraband CDs. I feel this is an excellent thought. It not onlystops criminal operations, however it additionally ensures that the cash thatlisteners spend on Dave Matthews Band music goes straightforwardly to the band.Live at Red Rocks likewise gives audience members a smart thought of whatthe band seems as though in show. We will compose a custom exposition test on Dave Matthews Band: Live At Red Rocks or then again any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Live At Red Rocks istheir fifth collection. Others incorporate Under the Table andDreaming, Crash, Remember Two Things andRecently. A portion of their hit melodies incorporate AntsMarching, Too Much, So Much to Say,Crash Into Me and Tripping Billies. On thelatest CD, the gathering just incorporated a couple of these. Be that as it may, on the grounds that thealbum is an account of a show, the band was likewise ready to turn songssuch as Seek Up, which go unnoticed by the radio, intoharmonious tunes. The Dave Matthews Band continually exploresnew thoughts for their music, which is the thing that makes them so unique. Eachmember has an ability that is practically unequaled. With handy playing, amusical ear and consistent new thoughts, the Dave Matthews Band is beginningto take off. I have by and by making the most of their music for a fewyears, and I firmly prescribe this collection to any individual who is charmed bymusical ability. Live at Red Rocks gives an ideal model ofhow the band sounds in show. The collection ranges from rock to jazz, witheverything in the middle of and then some. It is an unquestionable requirement for audience members everything being equal.

Challenging Obstacles for Immigrants

Numerous individuals relocate to the USA for a few reasons, to show signs of improvement life. As we as a whole realize the USA is exceptionally grown financially and mechanically, and it can turn into an alternate world to most migrants. In this way, migrants face different difficulties during the first and second year of their passageway in to the USA. Among the difficulties, language, finding a new line of work and culture are regular for the vast majority of outsiders. The primary test for foreigners is the language obstruction. Since English is the second or third language for most migrants, they face a great deal of issues to impart. Despite the fact that, foreigners have some information on English, the way to express most words is unique. So they can’t comprehend and impart without any problem. Moreover, the emphasize of local speakers, Mexicans, Black Americans, and Chinese is unique. This confounds the correspondence and makes worry for foreigners. For instance, I went to the USA as of late. I have some information on English, yet when I took my children to the clinics, go to shopping, and in any event, when I was applying to this school, I discovered individuals who utilize distinctive elocution and emphasize. Once in a while, I heard half to 90% of what individuals said and moreover they couldn't get me, despite the fact that I was talking in English. Accordingly, â€Å"I’m sorry†, â€Å"say again†, â€Å"pardon† were my everyday words I utilized and heard for two or three months. In this way, language is the primary huge test that all foreigners face. The second testing deterrent for migrants is finding a new line of work. Since language is an issue for workers, the majority of them flopped in prospective employee meet-ups. Despite the fact that they are taught and experts in their nation of origin, it expenses and sets aside effort for their training to be acknowledged here. Along these lines, finding a new line of work is intense. Particularly now, following the monetary emergency of the world, there are numerous cutbacks and finding a new line of work resembles a marvel to most foreigners. What's more, the employments accessible for settlers are physical work occupations that are tedious. These employments may likewise have less hours and without a doubt have least compensation. In this manner, foreigners will be compelled to secure another tedious position to cover their everyday costs. Be that as it may, landing another position is another concern for outsiders. Here I am going to give my husband’s encounters. When we arrived at America and got our standardized savings numbers, my better half attempted to scan and go after positions. Following a while and preliminary, he found low maintenance line of work with the lowest pay permitted by law. His compensation isn't sufficient to cover our costs, and now he is looking through another employment, however none has been found. In this manner, following the language obstruction, finding a new line of work is a major testing to foreigners. Culture is the third test that migrants face here. Workers have their own societies and living styles in their nation of origin. The way of life of dressing, talking, eating, public activity etc†¦ is diverse here from immigrants’ home nation. For instance, here man and lady can kiss on the lips anyplace, yet this is untouchable in my nation, Ethiopia. Another model is the way girls’ dress, here young ladies can wear whatever they like, for example, shorts and smaller than normal dresses. Nonetheless, in my nation, this isn't acknowledged and young ladies should wear garments that don’t uncover their body. Along these lines, they should wear shorts and dresses which are underneath to their knees. The other thing here individuals eat their food anyplace; they can even eat strolling in the city. In any case, in my nation individuals, particularly young ladies, can't stroll in the city while eating or drinking. There are a few traditions here that are included as no-no in my way of life. Accordingly, the social contrasts make foreigners to be befuddled and stunned until they acquainted with it. Over the long haul, settlers will oversee and vanquish the obstructions through a few exposures and practice. At that point, in the wake of going through the obstructions, outsiders will appreciate a superior life and even be in higher positions like congresspersons, VPs and furthermore leader of America.

Laptops!

Laptops! Ive had dial-up internet for as long as I can remember. One of the things I was looking forward to most about MIT was having a laptop and campus-wide WI-FI. I always had this sparkling image of me, sitting in Killian Court under the sun, blogging about MIT (with not a care in the world). The issue? I needed a laptop. Although there have been some blogs about what computers to bring to campus, and some articles around the internet, most of the links were broken and the info outdated. This is my attempt at helping you understand what laptops frequent campus and which you should consider buying if you come. So, without further delay, lets get started! There are two computer options for MIT: Desktops and laptops. Both have their merits, but in all honesty, most people here use laptops. If youre dead set on having a desktop and wouldnt work with anything less, then you wont be at a huge disadvantage with a desktop, but its definitely in the minority of computing choices. What youll notice about MIT is that there are laptops everywhere! Proof? I love having a laptop, it lets me do what Im doing now (type a blog entry in the floor lounge while watching the Great Mouse Detective and Chicken Run). What should you get though? So many options! Lets start with the formalities, what does MIT recommend? If you go to MITs page of Recommended Laptops you will see three varieties: 1) Mac 2) Dell 3) Lenovo IBM Thinkpad Perhaps as a consequence of this website, and also the fact that MIT gives students a discount on all three of these brands, these will be the laptops you see the most of on campus. Each has its benefits and each has its downsides. What are they? Mac Never have I met somebody who owns a Mac that didnt love it. A little less than half the computers I see on campus are Macs. Which Mac though? Macbook Macbooks are great for your typical, everyday student. If youre going to be doing basic typing, Mathematica, music playing, and general computing then the Macbook is great for you. Itll run all of your basic programs (including MatLab, provided for free by MIT) and networks just fine to MIT and its printers. Macbook Pro Macbook Pros are also quite popular here. Used mostly by people that plan on doing programming and more computationally demanding applications. The backlit keyboard is also a nice feature (but then again, Macs are pretty anyway, thats half the point). Macbook Air Im going to have to discourage purchasing a Macbook air at this point. Its VERY expensive and not that powerful. Its very pretty and shiny, but not practical for MIT. Everybody here I know that has one is a Mac fanboy and also uses another computer in addition to their Air. Wait for SSD prices to drop, then look at the Air. Issues with Macs If you are going to be a Mechanical Engineer you should avoid a Mac. Thats not to say you cant have one, but your life will be easier with a PC, the reason being the modeling software youll be using (SolidWorks) isnt compatible with Mac. It was designed specifically for Windows and will likely never be ported. That being said, you can buy a Macbook Pro, dual-boot it with Windows, and then install SolidWorks (again, MIT provides it for free). Youll need a Pro though, of the three types of Macs only it has the RAM and the graphics to comfortably run modeling software. The air and the Macbook will be really laggy. Dell A little less than the other half of laptops are Dells. Youll see some Inspirons around, but most are Latitudes (Dells business laptop). I use a Dell D820 and love it. I like the ability to customize exactly what goes into a Dell and Ive never had a problem with delivery or tech support. Theyre really solid machines. If you explore the Dell website youll see a bunch of different configurations (Hard drive size, RAM, graphics card, screen size, etc). While most of these features dont really matter, there are a few that Id like to suggest you focus on for certain situations. Windows Vista If you have Windows Vista (and you very likely will, it comes pre-installed on many new laptops, but a downgrade to XP is always an option) then youll want 2 gigs of RAM. You can run your computer on 1 gig but it wont be a pleasant experience. Idling, Windows Vista uses about 990 Mb of RAM, leaving you very little left running applications. You wont regret the extra RAM. SolidWorks If you are planning on using modeling programs like SolidWorks or playing graphic-intensive games (Portal/Crysis) then youll want a larger than average graphics card. I use a 512 Mb (which Dell may not offer anymore?) but a 256 is perfectly respectable and is a good choice. Other Stuff Hard drive size isnt crucial because external HDDs are relatively cheap (much cheaper than putting a large hard drive into a laptop.) When you check out prices youll notice that there is a huge price spike when you get above a certain hard drive size. Lenovo IBM Thinkpad While not nearly as prevalent as the Macbook or the Dell, the Thinkpad still has a respectable following at MIT. I dont know a lot about Lenovo, nor about Thinkpads, but people that have them swear by them (similar to how Mac users swear by their computers). I would suggest buying a Thinkpad based on a) Price b) If youve used one before and like them c) If you want a tablet with the MIT discount On a side note, the guy who wrote the algorithm and developed the red nubby mouse thing (I dont know what to call it!) on the Thinkpads works in the MIT Media Lab. Im sorry I dont know a lot about these things, but everybody I know who has one is very happy with it. Id try some of them out before buying one, just to make sure you like it, but consider it. Others Other laptops are present on campus that dont have the benefit of an MIT discount. These laptops are generally purchased because of past experiences with different brands and personal preferences. Some of the more common include: HP A good computer, more similar to Dell than to the other two (Macbook and Lenovo). Gateway Not as known for their laptops. If you love Gateway, go for it, but Id stick with some more main-stream comptuers. Acer I would urge you to stay as far away from Acer as possible. Acer has a pretty terrible reputation for reliability and quality. Theyre cheap, sure, but the parts and components are picked from all sorts of third-party sources and oftentimes arent compatible/well designed. Many dont latch closed, have glitchy keyboards, and perform poorly. If youre aiming for cheap, go for the Macbook. Eeepc/XO As exciting as these two new tiny laptops are, I would stray from them as a primary computer. Especially the XO, its unlikely to be compatible with any of the printer networks and will require a pretty decent background in Linux, programming and . . .you know what, just dont buy it. The Eeepc is kinda cute and would be good to just throw in your pocket, but primary computer? Prolly not. Tablets The last type of computer option is the tablet. Tablets are amazing. I love them. How cool would it be to be able to take notes during class on a tablet? Be able to use Photoshop with a pen? I would TOTALLY have a tablet if not for one thing: Graphics. As I said earlier, I want to be able to run SolidWorks on my laptop, which is almost impossible with a tablet. They simply dont make a tablet with a graphics card strong enough to run Solidworks. Every tablet out there has an integrated graphics card that just cant handle it. I e-mailed all the top tablet manufacturers and the general consensus is that tablets just arent popular enough or mainstream enough to warrant an external graphics card. Maybe in several years theyll be awesome, but for now they just dont match what I need. If you are anything but a Mechanical Engineer then definitely look into tablets, theyre so cool! The Lenovo IBM picture up there is of a tablet, one of the more popular brands of tablets on campus. Lenovo is a very trustworthy tablet brand. When exploring for a computer there are some numbers you want to consider. Look up what they mean on Wikipedia or e-mail me if you have any questions about what each is. Look for: RAM Hard Drive Size/Speed (5400 RPM/7200 RPM) Graphics Card Clock Speed (Measured in GHz) Thats all Ive got for you. Good luck, and enjoy the purchase of your new computer! *Disclaimer: Im not a computer expert. My goal in this entry is to help you understand how computers integrate with MIT. I have simplified certain aspects of computer shopping for ease of readability (nobody wants to read a huge entry of tech specs) but you should be able to rely on this entry for basic choice making. Again, good luck!

Early African-American Poets

Institutionalized Discrimination The Unearned And...

Institutionalized discrimination refers to the unearned and discriminatory oppression of an individual or group of individuals by society and its institutions as a whole, through imbalanced selection or bias, intentional or unintentional; as opposed to individuals making s conscious choice to discriminate. Institutionalized discrimination refers to the unjust and discriminatory mistreatment of an individual or group of individuals by society and its institutions making a conscious choice to discriminate. It stems from systemic stereotypical beliefs such as sexist of racist beliefs that are held by the vast majority living in a society where stereotypes and discrimination are the norm. Such discrimination is typically codified into the operating procedures, policies, laws, or objectives of such institutions. Members of minority groups such as populations of African descent in the United States or members of the community are at a much higher risk of encountering these types of soc ial structural disadvantage. Among the severe and long-lasting detrimental effects of institutionalized discrimination on affected populations are increased suicide rates, suppressed attainment of wealth and decreased access to health care. Such examples of institutionalized discrimination include laws and decisions that reflect racism, such as the Plessy vs. Ferguson U.S. Supreme Court case. The verdict of this case ruled in favor of separate but equal public facilities between AfricanShow MoreRelatedMulticultural Education in a Pluralistic Society21691 Words   |  87 Pagesbehaviors. The individual is at fault for not moving up the class ladder—a phenomenon called blaming the victim. ISBN: 0-536-29978-1 48 www.prenhall.com/gollnick Multicultural Education in a Pluralistic Society, Seventh Edition, by Donna M. Gollnick and Philip C. Chinn. Published by Prentice-Hall/Merrill. Copyright  © 2006 by Pearson Education, Inc. ISBN: 0-536-29978-1 In the second view of U.S. society, distinct class divisions are recognized. Those individuals and families who

Economy of Russian Free Essays

In recent times, Russian presses have been full of articles analyzing the Russian economy and making forecasts, most of them pessimistic. Many would say the Russian economy has failed miserably in the past one hundred years. After the 1917 Revolution, an attempt was made by the Communists to create an economy based on socialist principles. We will write a custom essay sample on Economy of Russian or any similar topic only for you Order Now The thought was that the capitalist system led to a chaotic economy, cruel exploitation of workers and unemployment. The Russian socialist economy rests on the basic principles formed by Karl Marx: A centrally planned economy. This â€Å"planned economy† would be in use for the next sixty years. â€Å"In 1929-1930, under the process of collectivization, the land of Russia became state-owned and cooperatively-owned. There was no longer any private land ownership.† (Torchinsky, 48) The state became the monopolist of the economy. Economy planning bodies worked out the famous â€Å"Five-year plans.† The plans regulated everything from production of aircraft to nails and even eggs. They believed that since the means of production belonged to the state, and hence, collectively, to the people, (because a socialist state is a state belonging to the people) the state should control everything. This was to include planning, financing, and salaries. Under this system, â€Å"people are to be content and peacefully work for the benefit of society.† (Diller, 168) The Socialist economic theory assumed that people would work hard because they were working for the collective good, and hence their own good; therefore there would be no reason for them to be lazy or dishonest. Thus, the defects of capitalism would not show its face. â€Å"The five-year economic plans would make it possible to wisely distribute society†s resources and to promote development.† (Flint, 17) However, over the long term, this style of economy seems to have failed in Russia. At certain times-for instance, in restoring the national economy after World War 1, the Civil War, and World War II, â€Å"The states rigid economic monopoly achieved certain successes, but later the basic principles of socialist economic management became an insuperable obstacle blocking economic progress in the Soviet Union and in Russia.† (Flint, 12) Abolishing private ownership of businesses and land killed people†s desire to succeed or to create and increase their own property. The driving force of personal gain was absent from all work activity by the people. The socialist lifestyle assumed that tireless and selfless labor for the benefit of society would succeed. Under this system, there was no reason for the common man, or anyone who was not a fanatical supporter of socialism, to work hard or to improve or create anything. Everything disappeared into the state†s bottomless pockets. â€Å"A person could work well or badly-either way, he received the same meager wages.† (Torchinskii, 51) Many people were satisfied, but some did not work for many years, yet were still guaranteed their wages or salaries by the state. Centralized planning also had a ruinous effect. â€Å"Workers and peasants merely had to fulfill the orders passed from ‘above† regardless of their practicality.† (Hughes, 33) This sometimes resulted in goods being produced that no one needed and seed being sown into barren or frozen soil. Personal initiative was neither encouraged nor expected. As the years passed, the economic situation steadily worsened. For some time, â€Å"the country lived on ‘petrodollars† by selling oil and gas at low prices.† (Flint, 19) Rivalry in the arms race with the United States devoured tremendous wealth; plus a lot of money and energy was spent on supporting â€Å"friendly Communist regimes in Asia, Africa, the Caribbean, and Central and South America.† (Flint, 19) At the 28th Party Congress in 1991, when the delegates started talking at last about the critical economic situation and the necessity of reforms, it was already too late. â€Å"The collapse of the Soviet Union in the early 1990†³s, and the rupture of economic ties between the former Soviet republics that once constituted an economic whole exacerbated the economic downslide, which rapidly became critical.† (Diller, 121) In the early 1990†³s, production continued to decline. Economic contacts weakened with other republics of the former Soviet Union. The balance of payments crisis increased. There was a lack of funds, especially hard currency, necessary for purchasing raw materials. â€Å"As a result of inflation, the purchasing capacity of the population fell and inventories grew.† (Torchinskii, 51) Although the situation in Russia is very difficult, positive aspects offer hope for a recovery. The privatization process in different industries is progressing, though with great difficulties. The agricultural industry is waiting for the transference of land to the peasants-a very risky step that could either save the country or ruin it completely. Russia has to create a successful agricultural base to thrive economically. â€Å"As of July 1, 1993, the number of private farms in Russia was 258,000; they occupied a territory of 27 million acres.† (Flint, 33) Most farmland is still controlled by former state farms or collectives, but now they are reconstructed to be joint-stock companies. Agricultural output and grain production has been declining since the early 1990†³s. Russia†s military defense industry includes aircraft building, rocket manufacturing, and the space industry. In all of these industries, Russia has a major place in the world market. Russia is also a leading arms producer and supplies countries all over the world. One of the most widely used assault rifles, the AK47, was even invented in Russia. â€Å"This remains the basic weapon of the Russian Army and of many other Communist countries.† (Hughes, 53) Finally, the country has immense manpower-the people who are able and want to work despite many decades of nearly losing the habit. There can be no doubt that regeneration is not far away. â€Å"Russia†s labor resources constituted 86.2 million people in 1992, or 58 percent of the population.† (Flint, 65) In 1993, this number was 85.7 million. The number of people in Russia that are actually employed has been dropping steadily since the early 1990†³s. In conclusion, the economy of Russia is by no means the epitome of a great economy, but many of the resources they have do help. Many people have tried to help boost the Russian economy, (Gorbachev, Stalin, Lenin, Yeltsin, and the Tzar) but all of them had their many moments of failures. The new â€Å"Commonwealth of Independent States† or the CIS has worked hard to make new plans for an economy that can rise to the occasion and become the best it has ever been before. With their abundance of natural resources, manpower, and knowledgeable people, Russia can become a major power quickly, but all they need is a guiding hand. How to cite Economy of Russian, Essay examples

Two Things I Would Change in the World free essay sample

Two things I would change in the world The world has become a chaotic and a challenging place to live in. It is tough to choose only two things that the world should change, that’s why I am a strong believer of chain reactions. It was in 1913, when Max Bodenstein, a German chemist, first introduced this idea. What about changing something relatively small to achieve a bigger and major change in this enormous world? It is common knowledge that environmental problems are getting worse every day. For a long time now, generations have been partially negligent about these issues. The world is the house of humanity: if we make our best to keep our houses clean and tidy, why not doing the same thing with our planet? In my opinion, hybrid cars are a huge component of the future of environmental awareness. Petrol cars should be replaced for hybrid cars. We will write a custom essay sample on Two Things I Would Change in the World or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page These cars are not only fuel efficient, but also they are much cleaner than normal vehicles (lesser CO2 and other greenhouse gas emissions).A hybrid car uses two energy sources for its functioning: it does use gasoline, but in a much smaller amount, thanks to an electric motor, which exists for acceleration. It is true that the electricity used to charge electric vehicles comes from a  source that emmits CO2, but this CO2 production is aproximately one-half of a combustion vehicle. Then, hybrid cars are not only a way to reduce polution, but also a way to avoid the crisis after the peak oil (a peak oil is the point in time when, after the maximum rate of petroleum extraction is reached, it declines). By making the petroleum industry dispensable, the planet would have even more advantages. First of all, oil extraction is costly. Oil spills have made huge damages on environment for years, and the planet was obliged to spend thousands of dollars in that account. Reducing spending in oil industry would allow investing in newer and safer fuels. On the other hand, HIV/AIDS is an increasing threat for world population. Recent research about a new vaccine for halting the contagion should continue.An HIV/AIDS vaccine would mean no daily treatment for diagnosed patients, and a smaller spread of the virus. In 2007-08, the first â€Å"cured† patient was introduced: the â€Å"Berlin Patient† had two stem cell transplants as a leukemia treatment, and 20 months later, HIV levels in the patient’s blood were not even detected. This is a major breakthrough in the future of AIDS. The most affected region is the Sub Saharian Africa (about 10% of children deaths are caused by AIDS, and 5% of the adult population is infected); this leads to a really low life expectancy at birth in these countries.Having many diagnosed patients in a country means  decreasing human capital, increasing medical care needs and decreasing taxable population, and that altogether reduced gross domestic product. Surpressing HIV/AIDS in emergent and developed countries would, perhaps, end with thousands of avoidable deaths each year, and consequently, would allow bigger economic growth in the poorer countries (the most affected by the virus). I have chosen these two things because, through chain rea ctions, they would bring a significant improvement in quality of life of all mankind.

Economics of Integrity

Crucible1 essays

Crucible1 essays The Crucible; underestimated and underrated I must be honest in that I had never heard of the movie The Crucible until a few weeks ago when my English teacher had us watch it for a unit we were currently doing on witchcraft. Figuring it was some teachers educational video, I was not very thrilled. My opinion changed abruptly as the movie began with several mischievous girls sneaking out one dark, eerie night in the 1600s. The setting seemed to put me there with the bright, full moon shinning over the calm lake and the cool, misty air seeming to hang in the air like ghosts. The girls ran, looking nervously over their shoulders as if they were committing a deadly crime, into the daunting woods. There they met a mysterious black woman around a fire, and they began screaming the names of those they were infatuated with and requested a spell to be cast on them, which would make them, love them. Everything turned serious as Abigail Williams, one of the girls, smashed a live chicken to pieces and smeared its blood on her face as if possessed. The girls ran from the woods in a frightened terror as a curious witness put the pieces together. The following morning, two of the little girls, one of them being Abigails little sister, were in a wakeless sleep. The witness explained what he saw; consequently, witchcraft was quickly suspected which the girls knew would sentence them to life if they were convicted. That was a quick recap of only the first five minutes of this intense thriller. For the first time in my life I actually looked forward to English class in order to watch the next forty-five exciting minutes of The Crucible. In my many trips to Hollywood Video to catch the new releases with the good reviews and the best actors, I never even considered exploring the old sections of movies. I have learned not to ju ...

Air france internet marketing Essay Example | Topics and Well Written Essays - 250 words

Air france internet marketing - Essay Example Search engine optimization can be used to increase the return on advertisement investment. In order to optimize the search engine, the marketers need to identify the correct keywords that should be used for the various advertisements (Clay and Susan, Pg. 237). It should be noted that the company may use so many keywords and search phrases but as long as they are not the correct ones, it may end up making a loss on its investment. Therefore, Air France need to concentrate on identifying the correct words and drop some of the keywords that have no search requests or have below per requests. Customers will normally search the keywords and in the event that they do not find what they want with the first click, most of the will not move to the next page or rephrase the keywords they are searching for (Robinson, Lindsey and John, Pg. 10). The campaign tactics should be adjusted so that they focus more on the correct keywords rather than the number of

Comparative Economic System Term Paper Example | Topics and Well Written Essays - 1750 words

Comparative Economic System - Term Paper Example On the contrary the government of North Korea in order to improve the economic system plans and develops strategies and even focuses on its major goal of being prosperous and a strong nation. The North Korean government gives more importance to the foreign investment and considers this to be the tool for improving living standard of the region. However the overriding concern of the government is its political control that is likely to inhibit certain fundamental reforms in the present economic system of the region. According to Gregory & Stuart (2013), the economy of South Korea grew enormously and the structure of the economy has even transformed radically since 1962 with the support of First Five Year Plan of Economic Development. The GNP of the region had expanded by 8% annually. In 1962 GNP of South Korea was US$2.3 billion which increased rapidly and in 1982 it became US$204 billion. The economic growth that rapidly increased however slowed down in the year 1989. In comparison to the previous year, the growth rate was decreased to half and even there was an increase in inflation rate which was associated with rapid increase of wages. In the year 1990, the region even had witnessed a trade deficit and the various forms of developments indicated slowing down of an economy that was rapidly maturing. However the domestic demand of South Korea was increasing that clearly stated that the economic system would be healthy until there is no such political crisis that would create an adverse effect on the economy. The growth of industrialization in the country was majorly due to the adoption of a strategy that was more of outward looking in the year 1960. This strategy proved to be very effective as the natural resource endowment was very poor in this region, the domestic market was small and savings rate was also low. There have been great economic reforms in

Precision Agriculture Technician Role

Precision Agriculture Technician Role For a daily task of a precision agriculture technician is collect data for yields for corn or beans or anything like that. Or i could use geospatial technologies to collect data to find out how much nitrogen there is in the ground. The training you would need is basic like how to run microsoft excel and learn how to collect data and put in microsoft excel.You have to have a associates degree.Im looking to work in oklahoma.I would earn about 85,000 dollars a year. The benefits of this job would be working alone in a office or tractor. Having quite a bit of days off. Eventually I could be my own boss. After I work for a while i would be making close to 89,000 dollars. The extra education would be associates or bachelors for more money per year. Plus once you got the job you would need training and a little bit of experience with the computers in the tractor before you go mess with software designing and data and stuff like that. I picked to work in oklahoma is because i think it is nice out there and the only thing out there is land so land is cheaper. So I could have a goat farm like i wanted to and have 50 acres for grain production and 10 acres for goats and other stuff I need for them. The career in long term will help me with paying plus if i have a wife she would help me to if she worked. Then if we had kids we could easily put them through 4-h and mabey even national shows. The job would help me at home so i could go home and test new technologies before anybody else. This job would affect me greatly because if they ever released new technologies and didnt want to release it until they knew it actually worked i could take it home and test it and then that would make my grain production better every year. Then the better grain production is means i can buy more land and buy more goats. I could also sell the goats to even make more money so i could buy permint technology for my tractors that would make grain production better and then the circle keeps going. Plus I would start to learn every body from the community. I dont want to work in a town like indianapolis but more like monticello or smaller than lafayette. This job will effect my friends by not seeing them but maybe once every 5 years or so. But that doesnt affect me because that would be good because i dont like to many people from my school . On my goat ranch i would hope to have a dirt small aircraft landing and my own small airplane to go see my parents or they could come see me. And if they wanted to they could stay at my house or something like that because im pretty sure i would build a big house incase of any surprises. Or i could even put some baby goats or have an office in the house for computer software designer for self driving tractors. I dont think it would affect my social life because my social life is my goats and animals because i dont have friends. So i would still find like 4 friends and hang out with them on friday nights but for the most part i would spend my time at work or at home playing with goats. I think i would still travel but i would probable have one of my friend stake care of my goats so i know they are safe but i would still like to hunt and take my dad to alaska or somewhere up there to go elk hunting. Overall the job would pay starting out around 45,000 dollars a year and after like 4 years it would be around 87,000. What i would do with that money is buy me around 20 acres of field 10 acres of woods for hunting and 10 acres for farming with barns and goats and then the dirt track small airport. After a few years of paying everything off lie vehicles and michinalenous i would travel some and buy a rv. The benefits of the job will help me greatly because i can use it for grain production and then to buy goats and different stuff Plus it would help me in my job learning how to use all of this new technologies so when i go to install it for a customer i can explain everything to him. I would teach my kids to fish and hunt and about agriculture but by the time they are born the will know everything and will know better than me because agriculture is just technologies you dont even need the farmer no more thats why this job is so needed and its especially needed in oklahoma because all the ground is flat and goes forever so a lot of farms own a lot of acer sand they dont have the time to waste on planting one field when they could be planting five fields and later that season by harvesting all five at the same time

Camp Medicines

LIST OF MEDICINES AVAILABLE FOR CAMPAND INDOOR RSBY PATIENTS: (BODELI GENERAL HOSPITAL, BODELI) 02665-220712/222711/220712, www. bodeligeneralhospital. com ( Medicines can be prescribed for 3 days. ) SR NO. | GENERIC NAME| TRADE NAME| STRENGTH | NOS. | REMARKS ( CONTACT FOR QUERY/ DOUBTS| | ENT| | | | CONTACT DR J. SHROFF 09824299422| 1| TAB CEFADROXYL | DAX500| 500mg| 840| | 2| TAB CEFADROXYL | DAX250| 250mg| 400| | | TAB DICLOFENAC + PARACETAMOL| -| -| -| N/A(AVAILABLE SEPARATELY)| 4| TAB DIOMINIC DA/SIMILAR DECONGESTENT| -| -| -| AVAILABLE SEPARATELY| 5| CIPROFLOXACIN &DEXAMETHASONE EAR DROPS| -| -| 60| | 6| GENTAMYCIN EAR DROPS| -| -| 60| | 7| OTRIVIN NASAL DROPS/OTHER NASAL DROPS| -| -| -| N/A| | | | | | | | GENERAL SURGERY , GEN MEDICINE , OBST. &GYNAEC. ,ORTHOPAEDICS (MEDICINES OTHER THAN ALREADY LISTED ABOVE)| | | | CONTACT DR J . BHOWMICK 02665-220712/222711| | | | | | | 1| TAB LASIX (FRUSEMIDE)| TAB FRUSMIDE| 40| 250| | | TAB IRON| -| | 1000| | 3| TAB B COMPLEX/MULTIVITAMIN | TAB INTABION| | 1200| | 4| TAB DERIPHYLLINE| TAB DERICIP| | 460| | 5| TAB FAMOTIDINE| TAB FAMONEXT| 20| 3100| | 6| TAB ANTACID| -| -| N/A| | 7| TAB PARACETAMOL| TAB PARAGEST| 500| 5000| | 8| TAB DICLOFENAC| TAB REACTIN| 50| 3400| | 9| TAB AMLODIPINE| TAB AGINAL 5| 5| 350| | 10| TAB ATENOLOL| TAB ATENOLOL| 50| 560| | 11| ANTI DIABETICS (ORAL HYPOGLYCAEMICS)| GLIBENCLAMID+METFORMIN| | 500| | 12| TAB COTRIMOXAZOLE(BACTRIM/SEPTRAN)| TAB TRIMETHOPRIM+SULPHA| | 1000| | 13| TAB CETRIZINE| TAB CETRIZINE 10| 10mg| 750| | 4| TAB METRONIDAZOLE| TAB TYGYL| 200| 750| | 15| TAB OFLOXACIN | TAB OLX| 200mg| 760| | 16| TAB CALCIUM| TAB INTACAL D| -| 1850| | 17| TAB CHLOROQUINE| TAB CHQ| 250MG| 2000| | 18| TAB CEFIXIME| TAB KYXIME| 200mg| 600| | 19| SYP COUGH(TERBUTALLINE, GUAPHESASIN,AMBROXYL)| SYP COFF| | 260| | 20| SYP ANTACID| SYP ANTACID| | 120| | 21| TAB PREDNISOLONE| TAB PREDNISOLONE| 5mg| 750| | 22| SYP B COMPLEX| SYP MULTIBION| | 110| | 23| SYP URINARY ALKALISER| SYPALTRACIOL| | 9| SAMPLES PROVIDED| 24| TAB FOLIC ACID| -| -| | PROVIDED ALONG WITH IRON TABS| 25| TAB ECOSPRIN/ASPIRIN| -| 75mg| -| N/A| 6| TAB NIMESULIDE +PARACETAMOL| TAB NIMESULIDE+PARACETAMOL| | 1250| | 27| ANTISEPTIC CREAM (ZINC OXIDE,PLUS)| CREAM BURNHEAL| | 10| | 28| TAB CIPROFLOXACIN 250| TAB LUCIPRO 250| 250| 810| | 29| TAB CIPROFLOXACIN 500| TAB ANGECIP500| 500| 1000| | 30| DICLOFENAC GEL| DICLOFENAC GEL| | 96| | 31| TAB DICYCLOMINE+DICLOFENAC| TAB DICLO+DYCLOMINE| | 1000| | 32| TAB PARACETAMOL+TRAMADOL| -| -| -| N/A| 33| TAB METHYL ERGOMETRINE 0. 125MG| TAB MEMCAD| 0. 25| 230| | 34| TAB DOXYLAMINE+PYRIDOXE+FOLICACID (OBST. )| TAB PREGVOM PLUS| | 200| | 35| TAB ONDANSETRON DT| TAB ONCORT DT| | 230| | 36| TAB AMOXYCILLIN| TAB AMOXYCILLIN 200| 200| 58| | 37| TAB AMOXYCILLIN DICLOXACILLIN| TAB AMOXY-DICLOXA| | 1000| | 38| TAB CHLORPHENIRAMINE MALEATE| TAB CPM| -| 2900| | 39| TAB DOMPERIDONE| TAB LUPIDOM| 10| 1000| | 40| TAB LEVOFLOXACIN| TAB LEVOFLOXACIN| | 250| | | SKIN ( DERMATOLOGY) (MEDICINES OT HER THAN ALREADY LISTED ABOVE)| | | | CONTACT DR S. PATIDAR: 09428975702| 1| TAB DIOMINIC/SIMILAR COMBINATION (DEX CPM)| -| -| -| AVAILABLE SEPARATELY| 2| TAB L-DIO1/ SIMILAR (LEVOCETRIZINE)| -| -| -| CETRIZINE AVAILABLE| 3| TAB FOLE/FLUCOS ( FLUCONAZOLE)| TAB FLUCANOZOLE| 150MG| 150| | 4| CANDID CREAM (CLOTRIMAZOLE) CREAM| CREAM CLOCIP| | 18| | 5| CREAM COSVATEG/SIMILAR (CLOBESTATOL+GENTAMYCIN)| CREAM COBAT GM| | 120| | 6| TAB PRUGO ( HYDROXIZINE) | -| 10/25 mg| -| N/A| 7| TAB METHYL PREDNISOLONE| -| 4/8 mg| -| PLAIN PREDNISOLONE AVAILABLE| 8| FUTOP/SIMILAR (FUSIDIC ACID ) CREAM| -| -| -| N/A| 9| MELALITE PLUS CREAM| -| -| -| N/A| | | | | | | | | | | | | PAEDIATRICS (MEDICINES OTHER THAN ALREADY LISTED ABOVE)| | | | DR DIPESH GUPTA 02665-220712/222711| 1| DROPS PARACETAMOL| DROPS PCM| -| 70| | 2| SYP IBUPROFEN PARACETAMOL| SYP IBUSTAL| -| 110| | 3| SYP AMOXYCILLIN| SYP AMOXYCILLIN| 200MG| 58| | 4| SYP CEFIXIME| SYP SAXIM| 50MG| 120| | 5| SYP OFLOX+ ORNIDAZOLE| | | | | 6| SYP ONDANSETRON| | | | | 7| ORS POWDER PACKETS| -| | 120| | 8| DROPS- COLD| DROPS MEGACOLD BR| | 60| | 9| SYP MATFURA| SYP METRONIDAZOLE| | 100| | | | | | | |

Reviews on Financial Risk Management Essay

The definition and types of financial risk III. Risk management and the theoretical foundation IV. The process of financial risk management V. The challenges faced by the modern financial risk management theories ?Abstract? Financial risks are exposures of uncertainties for those participants in financial market. Financial risks can be divided into four categories: market risk, credit risk, liquidity risk and operational risk. Risk management has become more and more crucial for a market participant to survive in the highly competitive market. As the development of the global financial market, there are many phenomena that cannot be explained by traditional financial risk management theories. These phenomena have accelerated the development of behavioral finance and economic physics. The financial management theories have already improved a lot over the past decades, but still facing some challenges. Therefore, this report will review some important issues in the financial risk management; introduce some theoretical foundation of financial risk management, and discuss the challenges faced by the modern financial risk management. I. Introduction Financial risk is one of the basic characteristics of financial system and financial activities. And financial risk management has become an important component of the economic and financial system since the occurrence of financial in human society. Over the past few decades, economic globalization spread across the world with the falling down of the Bretton Woods system. Under above background, the financial markets have become even more unstable due to some significant changes. Many events happened during the decades, including the â€Å"Black Monday† of the year 1987, the stock crisis in Japan in 1990, the European monetary crisis in 1992, the financial storm of Asia in 1997, the bankruptcy of Long-Term Capital Management in 1998, and the most recent global financial crisis triggered in the year 2008. All these changes brought enormous destruction of the smooth development of the world economy and the financial market. At the same time, they also helped people realized the necessity and urgency of the financial risk management. Why did the crisis happened and how to avoid the risk as much as possible? These questions have been endowed more significant meaning for the further development of the economy. Therefore, this report will review some important issues in the financial risk management; introduce some theoretical foundation of financial risk management, and discuss the challenges faced by the modern financial risk management. II. The Definition and Types of Financial Risk The word â€Å"risk† itself is neutral, which means we cannot define risk a good thing or bad. Risk is one of the internal features of human behavior, and it comes from the uncertainty of the future results. Therefore, briefly speaking, risk can be defined as the exposure to uncertainty. In the definition of risk, there are two extremely important factors: first is uncertainty. Uncertainty can be considered as the distribution of the possibility of one or more results. To study risk, we need to have a precise description about the possibility of the risk. However, from the point view of a risk manager, the possible result in the future and the characteristic of the possibility distribution are usually unknown, so subjective factors are frequently needed when making decisions. The second factor is the exposure to uncertainty. Different human activities were influenced at different level to the same uncertainty. For example, the future weather is uncertain to everyone, but the influence it has over agriculture can be far deeper than that over finance industry or other industry. Based on the above description about risk, we could have a clearer definition of financial risk. Financial risk is the exposure to uncertainty of the participants in the financial market activities. The participants mainly refer to financial institutions and non-financial institutions, usually not including ndividual investors. Financial risk arises through countless transactions of a financial nature, including sales and purchases, investments and loans, and various other business activities. It can arise as a result of legal transactions, new projects, mergers and acquisitions, debt financing, the energy component of costs, or through the activities of management, stockholders, competitors, foreign governments, or weather. (Karen A. Horcher). Financial risk can be divided into the following types according to the different sources of risk. A. Market risk. Market risk  is the  risk  that the value of a portfolio, either an investment portfolio or a trading portfolio. It will decrease due to the change in value of the market risk factors. The four standard market risk factors are stock prices, interest rates, foreign exchange rates, and commodity prices. The influence of these market factors have over the financial participants can be both direct and indirect, like through competitors, suppliers or customers. B. Credit risk. Credit risk  is an investor’s risk of loss arising from a borrower who does not make payments as promised. Such an event is called a  default. Almost all the financial transactions have credit risk. Recent years, with the development of the internet financial market, the problem of internet finance credit risk also became prominent. C. Liquidity risk. Liquidity risk  is the risk that a given security or asset cannot be traded quickly enough in the market to prevent a loss. Liquidity risk arises from situations in which a party interested in trading an  asset  cannot do it because nobody in the  market  wants to trade that asset. Liquidity risk becomes particularly important to parties who are about to hold or currently hold an asset, since it affects their ability to trade. D. Operational risk. Operational risk is the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. Nowadays, the study and management of operational risk is getting more attention. The organizations are trying to perfect their internal control to minimize the possibility of risk. At the same time, the mature theory of other subjects, such as operational research methods, are also introduced to the management of operational risk. Overall, financial risk management is a process to deal with the uncertainty resulting from financial markets. It involves assessing the financial risks facing an organization and developing management strategies consistent with internal priorities and policies. Addressing financial risks proactively may provide an organization with a competitive advantage. It also ensures that management, operational staff, stockholders, and the board of directors are in agreement on key issues. III. Risk Management and the Theoretical Foundation Financial market participant’s attitude towards risk can be basically divided into the following categories. A. Avoid risk. It is irrational for some companies to think that they can avoid the financial risks though their careful management because of the following reasons. First of all, risk is the internal feature of human activities. Even though it doesn’t have direct influence, it could generate indirect influence though the competitors, suppliers or customers. Moreover, sometimes it might be a better choice for the manager of the company to accept risk. For example, when the profit margin of the company is higher than the market profit margin, the manager can increase the value of the company by using financial leverage principle. Obviously, it will be harder to increase the value of a company if the manager is always using the risk avoidance strategy. B. Ignore risk. Some participants tend to ignore the existence of risks in their financial activities, thus they will not take any measures to manage the risk. According to a research of Loderer and Pichler, almost all the Swedish multinational companies ignored the exchange rate risk that they are facing. C. Diversify risk. Many companies and institutions choose to diversify risk by putting eggs into different baskets, which means reaching the purpose of lower risk by holding assets of different type and low correlation. And the cost is relatively low. However, as to small corporations or individuals, diversifying risk is somehow unrealistic. Meanwhile, modern asset portfolio theory also tells us that diversifying risk could only lower the unsystematic risk, but not systematic risk. D. Manage risk. Presently, most people have realized that financial risk cannot be eliminated, but it could get managed though the financial theory and tools. For instance, participants can break down the risk they are exposed to by using financial engineering methods. After keeping some necessary risk, diversify the rest risk to others by using derivatives. But why do we need financial risk management? In other words, what is the theoretical foundation of the existence of financial risk management? The early financial theory argues that financial risk management is not necessary. The Nobel Prize winner Miller ;amp; Modigliani pointed out that in a perfect market, financial measures like hedging cannot influence the firm’s value. Here the perfect market refers to a market without tax or bankruptcy cost, and the market participants own the complete information. Therefore, the managers do not need to worry about financial risk management. The similar theory also says that even though there will be slight moves in the short run, in the long run, the economy will move relatively stable. So the risk management that is used to prevent the loss in short term is just a waste of time and resource. Namely, there is no financial risk in the long run, so the financial risk management in the short run will just offset the firm’s profits, and therefore reduce the firm’s value. However, in reality, financial risk management has already roused more and more attention. The need for risk management theory and measures soar to unprecedented heights for both the regulator and participants of the financial market. Those who think risk management is necessary argue that the need for risk management is mainly based on the imperfection of the market and the risk aversion manager. Since the real economy and the financial market are not perfect, the manager can increase a firm’s value by managing risk. The imperfection of the financial market is shown in the following aspects. First, there are various types of tax existing in the real market. And these taxes will influence the earning flow of the firm, and also the firm’s value. So the Modigliani ;amp; Miller theory does not work for the real economy. Secondly, there is transaction cost in the real market. And the smaller the transaction is, the higher the cost. Last but not least, the financial market participants cannot obtain the complete information. Therefore, firms can benefit from risk management. First, the firm can get stable cash flow, and thus avoid the external financing cost caused by the cash flow shortage, decrease the fluctuation range of the stock and keep a good credit record of the company. Secondly, a stable cash flow can guarantee that a company can invest successfully when the opportunity occurs. And it gets some competitive advantage compared to those who don’t have stable cash flow. Thirdly, since a firm possesses more resource and knowledge than an individual, which means it could have more complete information and manage financial risks more efficiently. If the manager of a firm is risk aversion, he can improve the manager’s utility through financial risk management. Many researches show that the financial risk management activities have close relation to the manager’s aversion to risk. For example, Tufano studied the risk management strategy of American gold industry, and found that the risk management of firms in that industry has close relation to the contract that the managers signed about reward and punishment contracts. The managers and employees are full of enthusiasm about risk management is because that they put great amount of invisible capital in the firm. The invisible capital includes human capital and specific skills. So the financial risk management of the firms became some natural reaction to protect their devoted assets. In conclusion, although controversy is still going on about the financial risk management, there is no doubt that the theory and tools of financial risk management is adopted and used by market participants, and continue to be enriched and innovated. IV. The Process of Financial Risk Management The process of financial risk management comprises strategies that enable an organization to manage the risks associated with financial markets. Risk management is a dynamic process that should evolve with an organization and its business. It involves and impacts many parts of an organization including treasury, sales, marketing, tax, commodity, and corporate finance. Company’s financial risk management can be divided into three major steps, namely identification or confirmation risk, measure risk and manage risk. Let’s illustrate it using the market risk as an example. First, confirm the market risk factors that have a significant influence to the company, and then measure the risk factors. At present, the frequently used measure of market risk approach can be divided into the relative measure and absolute measure. A. The relative measure method It mainly measures the sensitivity relationship between the market factors fluctuations and financial asset price changes, such as the duration and convexity. B. The absolute measure methods It includes variance or standard deviation and the absolute deviation indicator, mini max and value at risk (VaR). VaR originated in the 1980s’, which is defined the maximum loss that may occur within a certain confidence level. In mathematics, VaR is expressed as an investment vehicle or a combination of profit and loss distribution of ? -quantile, which stated as follows: Pr ( ? p ;lt;= – VaR ) = ? , where, ? p said that the investment loss in the holding period within the confidence level (1 –? ). For example, if the VaR of a company is 100 million U. S. ollars in 95% confidence level of 10 days, which means in the next 10 days, the risk of loss that occurred more than 1 million U. S. dollars may of only 5%. Through this quantitative measure, company can clear its risks and thus have the ability to carry out the next step targeted quantitative risk management activities. (Guanghui Tian) The last step is management risk. Once the company identified the major risks and have a quantitative grasp of these risks through risk-measurement methods, those companies can use various tools to manage the risk quantitatively. There are different types of risk for different companies, even the same company at different stages of development. So it requires specific conditions for the optimization of different risk management strategies. In general, when the company considers its risk exposure more than it could bear, the following two methods can be used to manage the risk. The first way is changing the company’s operating mode, to make the risk back to a sustainable level. This method is also known as â€Å"Operation Hedge†. Companies can adjust the supply channels of raw materials, set up production plants in the sales directly or adjust the volume of inflow and outflow of foreign exchange and other methods to achieve above purpose. The second way is adjust the company’s risk exposure through financial markets. Companies can take advantage of the financial markets. Companies can take advantage of the financial markets wide range of products and tools to hedge its risk, which means to offset the risk that the company may face through holding a contrary position. Now various financial derivative instruments provide a sufficient and diverse selection of products. Derivative products are financial instruments whose value is attached to some other underlying assets. These basic subject matters may be interest rates, exchange rates, bonds, stocks, stock index and commodity prices, but also can be a credit, the weather and even a snowfall in some ski showplace. Common derivatives include forward contracts, swaps, futures and options and so on. V. The Challenges Faced by the Modern Financial Risk Management Theory Over the recent years, as the focus of risk management hifts from a control function to one of global financial optimization, the concern shifts from modeling the behavior of engineered contracts in selected markets to modeling the evolution of the entire economy. This change of focus calls for a vastly improved ability to model the time evolution of economic quantities. (Sergio Focardi). While those who do risk management are interested in predicting if assets will go up or down, the over-riding interest is in the relationship in movement to different assets. Though linear methods such as variance-covariance help to understand the co-movements of markets, a different set of tools is necessary to better manage risk. (Jose Scheinkman). Paradigms such as learning, nonlinear dynamics and statistical mechanics will affect how risk – from market and credit risk to operational risk – is managed. While the first attempts to use some of these tools were focused on predicting market movements, it is now clear that these methodologies might positively influence many other aspects of economics. For instance, they could be useful in understanding phenomena such as price formation, the emergence of bankruptcy chains, or patterns of boom-and-bust cycles. Lars Hansen, Homer J. Livingston professor of economics at the University of Chicago, remarks that these new paradigms will bring to asset pricing and risk management at enhanced understanding once the implicit underlying fundamentals are better understood. He says â€Å"What needed is a formal specification of the market structure, the microeconomic uncertainty, and the investor preferences that is consistent with the posited nonlinear models. Commenting on the need to bring together the pricing of financial assets and the real economy, he notes that an understanding of what’s behind pricing leads to a better understanding of how assets behave. â€Å"For risk management decisions that entail long-run commitments,† he observes, â€Å"it is particularly important to understand, beyond a purely statistical model, what is governing the underlying movements in security prices. † Blake LeBaron, professor of economics at the University of Wisconsin-Medison, observes that there is now more interest in macro moves than in individual markets. But traditional macroeconomics typically provides only point forecasts of macro aggregates. In the risk management context, a simple point forecast is not sufficient; a complete validated probabilistic framework is needed to perform operations such as hedging or optimization. One is after an entire statistical decision-making process. The big issue is the distinction between forecasts and decisions. (Blake LeBaron) Arriving at an entire statistical decision-making process implies reaching a better scientific explanation of economic reality. New theories are attempting to do so through models that reflect empirical data more accurate than traditional models. These models will improve our ability to forecast economic and financial phenomena. The endeavor is not without its challenges. Our ability to model the evolution of the economy is limited. Prof. Scheinkman notes that unlike in a physical system where better data and more computing power can lead to better predictions, in social systems when a new level of understanding is gained, agents start to use new methods. Prof. Scheinkman says â€Å"Less ambitious goals have to be set. Gaining an understanding of the broad features of how the structure of an economic system evolves or of relationships between parts of the system might be all that can be achieved. Prof. Scheinkman remarks that we might have to concentrate on finding those patterns of economic behavior that are not destroyed, at least not in the short-run, by the agent learning process. VI. Conclusion The theory foundation of modern financial risk management is the Efficient Markets Hypothesis, which notes that financial market is a linear balanced system. In this system, investors are rational, and they make their investment decision with rational expectations. This hypothesis shows that the changing of the future price of financial assets has no relation with the history information, and the return on assets should obey normal distribution. However, the study of economic physics shows that financial market is a very complicated nonlinear system. At the same time, behavioral finance tells us that investors are not all rational when making decisions. They usually cannot completely understand the situation they are facing unlike hypothesized. And most times they will have cognitive bias, when they use experience or intuition as the basis of making decisions. It will lead to irrational phenomena like overreaction and under reaction when reflected on investment behaviors. Therefore, it will be meaningful to study how to improve the existing financial risk management tools, especially how to introduce the nonlinear science and behavior study into the measurement of financial risk.

Measure for Measure Act 2 - Analysis

Our Measure for Measure Study Guide is packed with scene-by-scene analysis for this classic Shakespeare play. Here we focus on  Measure for Measure  Act 2 analysis to guide you through the plot. Act 2, Scene 1 Angelo is defending his actions by saying that the law must change in order that the people continue to have fear and respect of it. He compares the law to a scarecrow which after time, no longer scares the birds but acts as a perch for them. Escalus urges Angelo to be more temperate, he tells him that Claudio is from a good family and that he could have easily been promoted to a similar position as Angelo’s. He asks Angelo to be fair, saying: â€Å"Whether you had not sometime in your life Erred in this point which now you censure him†. Escalus questions Angelo wondering whether he is being hypocritical. Angelo admits to being tempted but says he has never given in to his temptation: â€Å"Tis one thing to be tempted, Escalus, another thing to fall† He says that he would expect the same treatment if he transgressed but acknowledged that he could well have done in another circumstance. Angelo talks about the fine line between criminals and those who pass the law, we are all capable of criminality but some have the power to prosecute others that don’t. Angelo orders the Provost to execute Claudio and nine the next morning. Escalus hopes that heaven will forgive Claudio and Angelo for condemning him; he feels sorry for Claudio who has only made one small mistake, and contemplates Angelo’s fate for potentially committing worse actions and going unpunished: â€Å"Well heaven forgive him, and forgive us all! Some rise by sin, and some by virtue fall. Some run from brakes of vice, and answer none; and some condemned for a fault alone† Enter Elbow a constable, Froth a foolish gentleman, Pompey, and officers. Elbow explains that he is the Duke’s constable. He often gets his words muddled so it makes it difficult for Angelo to question him. He has brought Froth and Pompey to him for being in a brothel. Froth confesses to working for Mistress Overdone and Escalus tells the men that working in prostitution is illegal and punishable and that they should not be seen in a brothel again. Escalus then asks Elbow to bring him the names of other worthy constables. He reflects on Claudio’s fate with regret but feels that nothing can be done about it. Act 2 Scene 2 The Provost is hoping that Angelo will relent. Angelo enters; The Provost asks him if Claudio will die the next day. Angelo tells him that of course he will die and asks him why he is being questioned on the matter. Angelo tells the Provost that he should get on with his job. The Provost explains that Juliet is about to give birth, he asks Angelo what should be done with her. Angelo tells him to: â€Å"Dispose of her to some more fitter place and that with speed.† The Provost explains that a very virtuous maid, the sister of Claudio wishes to speak with Angelo. It is explained to Angelo that she is a nun. Isabella implores Angelo to condemn the crime but not the man who committed it. Angelo says that the crime is already condemned. Urged on by Lucio to be less cold, Isabella further entreats Angelo to free her brother; she says that had Claudio been in Angelo’s position he would not have been so stern. Angelo tells Isabella that Claudio will die; she tells him that Claudio is not ready and pleads with him to give him a stay of execution. Angelo’s will appears to be bending as Isabella is told to return tomorrow. Isabella says: â€Å"Hark how I’ll bribe you, good my lord, turn back.† This pricks Angelo’s interest: â€Å"How bribe me?† She offers to pray for him. Angelo is sexually attracted to Isabella but is confused because he is more attracted to her because she is virtuous. He says: â€Å"O let her brother live!... What do I love her†.