Monday, September 30, 2019
Foreign Policy 1776-1807 Dbq
During the Washington, Adams, and the Jefferson administrations, the United States was thrust into the decision of joining either Britain or France, the two most powerful European nations. In determining the effects of foreign policy on the developing nation, one must establish the overall direction of the United States took. As a budding nation, George Washington proposed the idea of neutrality in order for the country to have no involvement in European affairs. However, Federalists and Democratic Republicans were outraged by this decision since the Federalists supported the British while the Democratic Republicans supported the French. Neutrality also allowed the United States to temporarily smooth its relations with Europe because of commercial interest. Therefore, neutrality, instead of siding with either Britain or France or through their commercial interests, was the obvious direction taken by foreign policy. After witnessing and being involved in uncontrollable European affairs, the growing nation of the United States concluded that an international policy of neutrality would be the best option in the area of foreign affairs. During his presidency, Washington decided that it was best for America to stay neutral. As stated in his Proclamation of Neutrality that any American providing assistance to any country at war would be punished with legal proceedings (D). He was aware of the possible dangers that would occur when allying with a certain country. The country was too new to enter any wars or deal with wars of foreign countries. ââ¬Å"Europe has a set of primary interestsâ⬠¦Hence she must be engaged in frequent controversies, the causes of which are essentially foreign to our concernsâ⬠(J). Even in his farewell address, Washington advised the fledgling nation to not get involved in European affairs or make permanent alliances, to avoid sectionalism, and to not form political parties. After Washington resigned from office, John Adams tried to maintain the position of neutrality as the second president of the United States. He did as much as he could in avoiding war with France. Even before his presidency, in response to a proposed alliance with France, he argued that ââ¬Å"â⬠¦we ought not to enter into any Alliance with her [France], which should entangle Us in any future wars in Europe, that We ought to lay it down as a first principle and a Maxim never to be forgotten, to maintain an entire Neutrality in all future European Warsâ⬠(A). However, after the XYZ Affair, in which French agents demanded a large bribe for the restoration of diplomatic relations with the United States, a Quasi War erupted between France and America. The Convention of 1800, also known as the Treaty of Mortefontaine, was a treaty between the United States and France to settle the hostilities that erupted during that war (I). When Thomas Jefferson became president, it was a peaceful transition from Federalist to Democratic Republican. Despite the differences between these political parties, Jefferson also tried to maintain Washingtonââ¬â¢s idea of neutrality. In his Inaugural Address in 1801, he states ââ¬Å"We are all Republicans, we are all Federalistsâ⬠and that there would be ââ¬Å"Equal and exact justice to all men, friendship with all nations, entangling alliances with noneâ⬠¦Ã¢â¬ (K). Even as a last resort to the Louisiana Purchase, he told Monroe to make an alliance with Great Britain if the Louisiana Purchase did not work out. In all three of their presidencies, Washington, Adams, and Jefferson decided that it was best for the new nation to enter a state of neutrality. Despite its neutrality and unwillingness to enter war with the European nations, the United States were being forced to side with either Great Britain or France, Europeââ¬â¢s most powerful nations. During Washingtonââ¬â¢s presidency, the revolutionary government of France sent diplomat Edmond-Charles Genet, also known as Citizen Genet, to America to propagandize the case for France in the French war against Great Britain, which created the network of Democratic Republicans. Washington demanded the French government recall Genet, and denounced the societies. The United States were in a conflict with Britain, as the British were seizing American ships and impressing sailors. Hamilton and Washington designed the Jayââ¬â¢s Treaty to normalize trade relations with Britain, remove them from western forts, and resolve financial debts left over from the Revolution (F). John Jay negotiated and signed the treaty in 1794. However, many disputes rose from this decision. James Madison criticized that the treaty stated to open West India ports to the United States, yet Britain refused to follow these regulations (G). During Adamââ¬â¢s presidency, the XYZ Affair, which was supposed to have been the negotiation between America and France on the seizure of American ships, threw the United States into a Quasi War with the French. In the aftermath of the undeclared naval war with France, the Alien and Sedition Acts were passed, which allowed the president to deport hostile aliens, increased residency requirements for citizenship, and banned criticism of government policies or officials. After the United Statesââ¬â¢ conflict with France, Jefferson, a Democratic Republican, considered the possibility of an alliance with Britain. While Britain and France were both seizing American ships, Britain had the strongest navy and was thus able to force the American sailors into its navy (M). Jefferson believed that this conflict would cease if the United States agreed to establish an alliance with Britain. Torn between the conflict of siding with either France or Britain, the United States agreed to remain neutral. Although neutrality in the new nation was favored, there was a possibility of joining either Britain or France depending on which one was more financially beneficial. After Jayââ¬â¢s Treaty, which was signed with Great Britain during Washingtonââ¬â¢s presidency, Spain did not want the United States to side with the British and wanted to smooth its relations with the fledgling country. Pinckneyââ¬â¢s Treaty, signed on October 27, 1795, established the intentions of friendship between the United States and Spain. The treaty also granted the States use of the Mississippi and right of deposit at New Orleans (H). In the Treaty of Paris in 1783, ââ¬Å"It is agreed that the people of the United States shall continue to enjoy unmolested the right to take fish of every kind on the Grand Bankâ⬠¦Ã¢â¬ and that ââ¬Å"The navigation of the river Mississippi, from its source to the ocean, shall forever remain free and open to the subjects of Great Britain and the citizens of the United Statesâ⬠(E). Thomas Paine stated that commerce would secure the friendship with Europe because Europe wants America to have a free port (B). Jefferson, fearing the power of the neighboring French in the Louisiana Territory, sent Monroe to Paris to negotiate the purchase in 1802. Their interest was only in the port and its environs. They did not anticipate the much larger transfer of territory that would follow. The purchase greatly benefited the United States because it granted them access to the entire Mississippi River. Also, as a result of impressments of American sailors, Jefferson established the Embargo Act of 1807, also known as the Nonintercourse Acts, restricting American ships from engaging in foreign trade between the years 1807 to 1812. Jefferson believed that without trade with the United States, Britain and France would fall into an economic crisis. However, the Europeans nations did not bother with America and traded with other countries, causing the new nationââ¬â¢s economy to fall. This outraged the general public, and when Jefferson left office, these acts were repealed. Commercial interest helped the United States to choose between siding with either of the European nations or remaining neutral. Throughout the Washington, Adams, and Jefferson administrations, Britain and France tried to force the United States into allying with either of the two nations. Although it was tough to maintain, neutrality was established in the country by Washington. The decision brought various problems for the budding nation, but it still stayed strong.
Sunday, September 29, 2019
Amazing Grace poem
The poem I chose was ââ¬Å"Amazing Graceâ⬠by John Newton. John Newton was born in London, July 24, 1725 and died December 21, 1807. He was an Anglican priest and hymn writer, advocating the Christianity view of redemptive forgiveness. He wrote ââ¬Å"Amazing Graceâ⬠as an element of that prospect (Clugston, 2010). ââ¬Å"Amazing Graceâ⬠is one of the most famous poems ever written and composed. This poem is also a hymn that speaks too many who is looking for salvation, forgiveness, grace and faith. This form of poetry is narrative poetry because it tells us a story in a song about salvation. Amazing Graceâ⬠also uses figurative speech to express imaginative and distinctive effect. I grew up in a Baptist church where I still attend today. We would sing ââ¬Å"Amazing Graceâ⬠every Sunday as one of our devotional hymns. Devotion is what we have before our church service starts. About three deacons would stand in front of the church and pray, read scriptures, and sing hymn with the congregation. Every Sunday it never failed ââ¬Å"Amazing Graceâ⬠was a hymn that was going to be song. This hymn is one of the most popular hymns of all time.The literary element that I thought contributed to this poem was tone, content, and form. Using these literary elements is what makes this poem a significant piece of poetry in history. ââ¬Å"A hymn is a lyric poem or scared song, which is written in praise to a deity or spiritâ⬠(Wheeler, 2012). The poem ââ¬Å"Amazing Graceâ⬠is different from any poem that has been ever written. This poem is unique because it is written in the form of a song. When you see ââ¬Å"Amazing Graceâ⬠no one ever stops to read it as a poem, that poem is automatically song without any hesitation.This type of literary element is to be specifically heard, not to be read. ââ¬Å"Amazing Grace! How sweet the sound. That saved a wretch like me! I once was lost but now Iââ¬â¢m found. Was blind, but now I see â⬠(Clugston, 2010). By listening to the words of that song pretty much tells us what kind of person John Newton was, and how he changed his life. Throughout this poem Newton is talking about different events, or thing that has happened to him during his lifetime.These elements affected my response to this poem because I never knew that this hymn originated from a poem. I always thought that this was a song and I knew we would sing it church on Sundays. Some people use this song at funerals and many different church functions such as a theme or some sort. Now by actually looking at the poem and getting a chance to read it in poem form I have a different point of view on this particular poem. I always though Amazing Grace was a hymn. I had no idea that it originated from a poem.This song is universal and is known throughout the world by its lyrics. This poem comes to life after you have read or sung it. It really makes you think with all the different elements that he uses in th e poem. He used words to describe himself such as wretch. He used words to let you know the difference between right and wrong. He used these words to captivate his audience and to let them know where his faith stood. Amazing Grace demonstrates purity as it relates to the excellence and awe of divine love.
Saturday, September 28, 2019
Research Methods CASE5 Paper Example | Topics and Well Written Essays - 250 words
Methods CASE5 - Research Paper Example It is most commonly applied if the statistical result of the research follows a normal distribution. Additionally its usage is only applicable when the scaling term of the data is known. Incase this is unknown, it is advisable to replace the term with an estimate from the data thereby making t test computation possible (Yule,1897). Analysis of variance or ANOVA on the other hand is a statistical tool used to analyzed research finding that uses the process of partitioning the research variance into components attributable to various sources. This tool provides a statistical test used to determine whether or not the means of a number of groups are all equal. In doing this, this analysis tool generalizes t-test to more than two groups in a particular research. A qualitative research unlike a quantitative one bases its study on the analysis of qualitative phenomenon of the research subjects. Such studies are concerned with the subjective assessments of attitudes, opinions and behaviors of a research group. Regression analysis is the best tool used in analyzing the research findings of a qualitative research (Kutner, Nachtsheim &Neter, 2004). This tool clearly displays the relationship between two or more variables. If effectively used the tool clearly depicts the relationship between dependent and independent vari ables in a
Friday, September 27, 2019
Gulf Regional Legal Environment of Business Essay - 4
Gulf Regional Legal Environment of Business - Essay Example Rules are necessary in each of our lives since it gives us protection when we are victims and aids in punishing unlawful acts. Individuals who do not obey the laws and subject us to oppression have to face the consequences. If we were to live in a society without laws that can control how we handle things, most of us would be taken advantage of by our superiors and thus we will suffer. Without laws, people make decisions based on their principles hence facilitating crimes. Laws therefore prevent each of us in the society from crimes. The parental principle of law protects individuals from themselves. Laws state that all children must go to school. Most children would not naturally like the idea of going to school. Laws also protect some of the employees from being exploited by their employers. The donation principle of law enables employees acquire services pertaining to their welfare. Welfare laws grant aid to the individuals unable to provide for themselves. Maintaining social cohesion is one of the roles of legislation in the society. Laws ensure that social cohesion is maintained by reinforcing values and providing ways of solving conflicts (NAIM, 2002, p. 27). Social cohesion is vital in a society as it provides continuity of the principal values of a community by providing guidelines. The current legal system in our society gives people freedom besides setting the limits regulating such freedom. A legal system is important in the modern society as it helps in protecting everyone in the society. Child-abuse in the contemporary modern society is curbed through laws (CAMPBELL & CAMPBELL 2009, p. 56). Law does not take into consideration the personal or religious needs but focuses on protection of rights. Whether the man confesses or repents of the sins they have committed, law does not give adjustments but follows what is in course. Laws are, therefore, important in the society as they give protection to members of a particular
Thursday, September 26, 2019
Tattoos & Body Piercing Research Paper Example | Topics and Well Written Essays - 1500 words
Tattoos & Body Piercing - Research Paper Example It is also used to express loyalty to worldly or divine lords as in Mexican culture where they inscribed their gods and idols in the tattoos. In South America, tribes tattooed their warriors to reaffirm their success in wars. Albeit in Japan, tattoos were used as a punishment for the sinners and criminals. However, in everyday lives, tattooing and body piercing hold a different meaning for each individual who goes into the process of acquiring it. Some people might get a tattoo because the design holds significance in their lives or they want to remember an important phase or event in their lives through that tattoo. It might also be acquired to represent the rebellion against the status quo or those in authority for instance teenagers worldwide get tattoos and body piercings to express their disobedience to their parents who are rarely fond of these activities.Ã The modern-day tattooing is made a lot easier, thanks to scientific development and new laser technologies. One of the forms of body art, which has descended down from ancient times and successfully transited in the cultures of modern times, is henna art. Made of natural herbs, it is used to decorate hands and feet of women in eastern cultures on their weddings and other occasions marking rites of passage. However, most people, more significantly in the west, have proceeded to tattoo culture to show their rebellion to the status quo and express their opinions with more freedom and aggression (Sawyer, 97). However, as easy as it is recent times to get a piercing or tattoo, the hazards it causes to health cannot be overemphasized. First, it is a permanent body art, removing a tattoo may be difficult and very expensive since it involves the use of high-tech instruments. Second, the tattoos are highly prone to infections and skin allergies. The red dye used in tattoos usually causes rashes, sometimes years after getting a tattoo. The infections caused by tattoos are mainly bacterial and appear as sores and pus-like forms. Often, granulomas, a bump-like structure, from around the tattoo due to the ink dye used.Ã
Wednesday, September 25, 2019
The Struggle Of The Free Papua Movement Research Paper
The Struggle Of The Free Papua Movement - Research Paper Example Their public statement has been quoted as saying, "We are not terrorists! We do not want modern life! We refuse any kinds of development: religious groups, aid agencies, and governmental organizations just Leave Us Alone, Please!"8 OPM has also been a strong opponent of the transmigration policy of Indonesian government by which migration of non-natives to West Papua was encouraged.9 The way OPM has organized and mobilized itself in the course of its history is a unique social phenomenon and it has been often observed that about 80 to 90 percent of Papuan people had their sympathies with the OPM.10 But it has always been the common people who have carried forward the resistance movement as they constituted the soldiers of this freedom army.11 The Act of Free Choice, the consultation exercise conducted by the Indonesian government under the monitoring of the UN, that attached West Papua to Indonesia officially, was later criticized as being a farcical exercise.12 King has called it, à ¢â¬Å"an outrageous exercise in duplicity, intimidation, and coercion on Indonesiaââ¬â¢s part.â⬠13 In 1971, OPM declared the formation of an independent Republic of West Papua.14 The organization, since its inception until the recent times, had depended mainly on Guerilla warfare, by making thick forests its hideouts.15 In 1977, OPM militants sabotaged the fuel and slurry transportation of the Indonesian mining company, Freeport Indonesia by cutting pipelines, as the company did not heed OPMââ¬â¢ demands of extortion.16 This mining company was given a free hand by the Indonesian government to exploit the rich copper and gold resources of the Southern Papuan highlands.17 And this mining industry contributed to about 50% of the GDP of Indonesia.18 In 1977, the Papuans under the leadership of OPM also refused to vote in the second general elections.19 In this way, the struggle of OPM has many dimensions- economic, ethnic, environmental, and political. Figures have shown that ââ¬Å"100000 Papuans or ten percent of the Papuan population has been killed by Indonesian troops since Indonesia gained control of the territory.â⬠20 This shows how repressive and cruel the measures taken by the Indonesian government to defeat the resistance of OPM have been. It was in this light that in 1982, OPM set up a subsidiary organization, OPM Revolutionary Council (OPMRC) to promote its demand for independence through international diplomatic interventions.21 It was since 1998 that OPM began to participate in public political dialogues.
Tuesday, September 24, 2019
I'll attach it Essay Example | Topics and Well Written Essays - 250 words - 2
I'll attach it - Essay Example This young man lived at a time when violence was the norm and through his work became a beacon of peace in the region. He travelled extensively for work, listening and learning on his travels about the customs, faiths and problems of people. He realized that the people needed to bond to be able to live peacefully. His reliance on observation and contemplation was his greatest strength. His open minded approach to problems, his humility, compassion and humaneness that taught people to return to old tribal values of helping the poor and downtrodden; endeared him to his people then, as they do today so many centuries later. His life is a shining example of a wise leader. His policy of bringing the community of Medina together regardless of faith or tribe show a remarkable understanding of the power of unity in the face of external threat. His statesmanship is revealed in his exhortation to the people to create a just and decent society whereby by each member of the community took up the responsibility of maintaining peace and harmony. His emphasis on equality for all is enshrined in his farewell sermon as he reminds his people that ââ¬Å"All mankind is from Adam and Eve, an Arab has no superiority over a non-Arab nor a non-Arab has any superiority over an Arab; also a white has no superiority over black nor a black has any superiority over white except by piety and good action.â⬠(Prophet Muhammad, ââ¬Å"Farewell Sermonâ⬠) The qualities of justice, compassion a willingness to learn and treat people of all denominations as equals are the hallmarks of a great leader. Prophet Muhammad displayed these abundantly. In a world riven by strife a nd violence, Prophet Muhammadââ¬â¢s guidance is sorely needed to heal the divisions between man and man and hence he is indispensable as a role model for todayââ¬â¢s
Monday, September 23, 2019
When I came to the USA Essay Example | Topics and Well Written Essays - 1250 words
When I came to the USA - Essay Example Without a doubt, it was a challenge for me as I had to assimilate. As a kid growing up in my home country, I was an average kids who loved to play sports and tried hard in school. However when my parents decided to come to America, the transition was without a doubt difficult. I had to adapt to a new language, new customs, and a whole new culture. Yet, I never gave up I came from an environment where things were conservative. When my brother and I arrived to the U.S.A we were very tired. Our journey was so long and in midst of coming to USA, we did not even have a last proper meal. You can imagine the anxiety, sadness and yet excitement in our hearts. It was a chaotic moment where I had mixed notions. Finally, we landed in the airport as the flight was really long. I could not sleep in the airplane because of the loud humming noise of the engine. Additionally, I was too anxious to land to America, which added to my anxiety. Finally, we landed and got a taxi to a nearby town where we would settle. The neighborhood was close to our school, as that was our main priority. After we reached the new town, we decided to settle in a hotel. Ã Ã Ã Ã Ã Ã Ã Ã We were looking for a place to stay for almost 3 hours, I was really tired that my feet were trembling and I could not stand up anymore. Finally, we found a room in a hotel, but we werent comfortable. The hotel was terrible because there was a distinct smell. We knew it was not a top hotel due to our budget constraints. Also, it was really dark that we could not see the end of the lobby. A few minutes after looking around, we decided to take the room my brother asked," do you want to stay to night in this hotel? "And I said, "I do not feel comfortable." As soon as I finished my sentence, my brother understood what I was feeling and at once canceled the reservation. We continued looking for a room and we found one, that better than the first one. We took that room for a couple days. At that time, we also were
Sunday, September 22, 2019
Sports nutrition -cyclists Essay Example | Topics and Well Written Essays - 500 words
Sports nutrition -cyclists - Essay Example During an athleteââ¬â¢s activity, the body uses stored carbohydrates which raise epinephrine and norepinephrine level which causes glucagon to increase. Increase in glucagon converts glycogen into glucose which is supplied to the blood stream for use in the activity. Carbohydrates are stored in the form of simple sugars (glucose, fructose, and galactose) in the body which makes it easier for absorption. A gram of carbohydrates is equal to four calories of energy, and an athlete can store up to 1200 grammes of glycogen (4800 calories) for an activity (Seebohar, 2004). The amount of time an athlete can rely on stored carbohydrates will vary with various factors such as the weather and the intensity of the activity. Protein anabolism refers to development of complex protein molecules from simpler ones. It occurs after hard work or after the body does vigorous activities to build or repair body tissues and also to restore broken down tissues. Anabolism sees to it that amino acids, which form proteins, are broken down to form final protein. Proteins help in enzyme and hormone formation and production which help in body functions and reactions, this plays a key role in the body such as protection against diseases, and also can be used to produce energy if insufficient carbohydrates and fats are available. Catabolism of proteins is the process of breaking down proteins and its components to simpler ones. During exercise, protein catabolism is an inevitable process in the body, and this is as a result of strain of muscles, tissues and organs. The body is in turn expected to repair the damaged areas in the body so as to reduce breakdown. Protein catabolism occurs during strain, hard work and may also occur during damages or injuries to the body. Fat as another nutrient required by the body can also be used as fuel by the body, and this varies with the activities in the body. Although fats produce low
Saturday, September 21, 2019
Strategy development at LEGO Essay Example for Free
Strategy development at LEGO Essay One of the initial strategy decisions was based upon the oil crisis in the 1980ââ¬â¢s. The company reacted favourably by introducing new innovations and penetrating previously unexplored markets. Changes in the market environment in the 90ââ¬â¢s also spurred on strategy development at LEGO. The advent of competitors and research contrary to what LEGO was basing its strategy on up to that point proved to be a focal point for the company. Objectives were set out and adopted and the company moved on. LEGO had difficulty in accessing and reading the market. Once this was highlighted, with the aid of a new COO, the company restructured and went on a cost cutting expedition ââ¬â freeing up resources to assist with the long term objectives. LEGO suffered a sharp decline in the ââ¬Ëmost admired companies in Denmarkââ¬â¢ poll. The external image of the company that which affected the general publicââ¬â¢s opinion and the desirability of the LEGO Group as a prospective partner and employer suffered due to the fluctuations in sales and profits. Heavy financial losses resulted in a weaker capital structure and limited investment opportunities for the future. As a result the entire procurement process was re-analysed and restructured and cost reductions in all sectors of the business were significant. LEGO was fortunate enough to have a strong brand and awareness in the market. The market is more favourably inclined to ââ¬Ëforgiveââ¬â¢ companies that have taken the time to cultivate strong brand awareness. Even though LEGO clearly had bigger problems, they maintained and developed their relationship with their customers in order to better understand their needs and inculcate a higher standard of customer service within the company. Their focus remained strongly on the distribution in retail. The company suffered heavy financial losses and briefly discussed selling LEGO. However, this was clearly a last resort decision for the CEO. The family company and their dedication in making it succeed, worked for them. Had they given up the company, the LEGO brand would not have survived the climate it did. The company enjoyed strong financial backing. Instead of selling the company, it was decided that a loan would be taken. Give the heavy losses experienced, the climate and changes i n market share, LEGO still secured a loan. Clearly, someone else believed in them as much as they believed in themselves. The dedication of LEGOââ¬â¢s management and staff is one of their key advantages. Having staff dedicated to the vision, mission and strategy of the company is essential for the success of their long and short term objectives. LEGOââ¬â¢s bold approach to the global financial crisis in 2009 was part of their great success. This willingness and ability to act boldly saw them in good stead during a time of economic downturns. Another excellent use of resources is in the form of enthusiastic LEGO users for the development of products.
Friday, September 20, 2019
Benefits of Employer Sponsor Childcare
Benefits of Employer Sponsor Childcare Purpose In this paper, I will explore whether employer-sponsored childcare has any effect on attracting and retaining employees in order to make recommendations to organizations that provide employer- sponsored childcare benefits. Significance One of the primary goals of companies is to attract, hire, and retain the most competent employees. Employers are constantly researching for benefits that will attract employees, and produce a return on their investments. With the ever changing demographics of the workforce, employers are faced with the challenge of providing benefits that are attractive to their target demographics. Over the years, there has been an increase in single parent households, dual income households, and the number of women entering the workforce. Thirty years ago, just 34 percent of married couples with children younger than six were dual income households; today the figure is almost 60 percent (McIntyre, 2000). With the increase of women, and dual income households, there are more families in need of childcare. There has also been an increase in childcare expenses over the year, and employees are constantly searching for affordable childcare. Employers recognized the need for inexpensive childcare, and h ave found creative ways to provide opportunities for childcare that are affordable, accessible and available to employees (Oekerman, 1997). One of the benefits that employers are providing in response to this need is on-site childcare. By providing employer-sponsored childcare such as worksite daycare, employers are setting themselves apart from their competitors. An on-site childcare is one that is funded by the employer and the company usually pays for the start-up cost, initial operation losses and portions of the ongoing cost (Oekerman 1997, Miller 1984).. It is estimated that businesses lose nearly 3 billion dollars due to childcare- related absences (Harper, Densmore Motwani, 2001). Those who support on-site childcare claim that it increased the ability to attract employees, lowered absenteeism, improved employee attitudes, generated favorable publicity about the employer, and improved community relations (Miller, 1984). Miller (1984) also states that critics of on-site childcare argue that there is not enough documentation of savings available for the cost associated with starting and operating an on-site childcare center. Nevertheless, with an increase in single parent households, there is definitely a certain way to attract women and a diverse workforce. Yet, there are not many employers that have taken the initiative to include this as one of their benefits. As small business owner in the home healthcare field, I am interested in learning about the benefits of employer sponsored childcare. Some of the challenges home healthcare business are faced with are high turnover, and absenteeism. The workforce demographics for home healthcare companies are predominantly women, and I want to research if this will be an attractive benefit for home healthcare companies to offer. I am also interested in finding out the return on investment associated with employer-sponsored childcare, as well as other benefits that are not easily measured. As a single mother, I am interested in knowing the pros and cons of employer sponsored childcare, to aid my decision in future career endeavors. I hope to discover solid evidence that employer-sponsored childcare is effective in attracting and retaining qualified employees. If there is contrary evidence, I want know what the limitations are, and what further research is necessary in this subject matter. Scope This paper is going to explore whether employer-sponsored childcare has any effect on employees. I am going to be looking at companies that have successfully implemented this program, and how it has affected their bottom line. There are also those who believe that the absence of a childcare was not the leading cause of absenteeism, but the sickness of a child was more likely to lead to higher absenteeism (Miller, 1984). For the purpose for this research, I will focus on on-site childcare. I will touch briefly on sick-childcare. I will also be researching employer-sponsor childcare benefits from the employees point of view, and how it is valued by employees. I will not be discussing pre-paid care, such as employees childcare account benefits. I am focusing on childcare that employers are directly involved in the process. Terms Direct Care. Business provide on-site or nearby care centers for daily care, after-school programs, and summer camps (Oekerman, 1997). Indirect care. Companies contract with existing centers which provide care for employees children (Oekerman, 1997). Emergency care. Businesses arrange care for emergency care in a short time frame including care for sick children (Oekerman, 1997). Prepaid-care. Companies institute special accounts into which employees contribute pre-tax income to be used toward child care (Oekerman, 1997). Referral care. Employers contract with referral services that maintain up-to-date information on child care available in the area (Oekerman, 1997). On-site childcare. An on-site childcare is one that is funded by the employer at the job-site or at another location, and the employer usually pays the start-up and operational cost ( Oekerman, 1997). Worksite childcare. See Onsite Childcare. Absenteeism. Back-up care. Afterhours care. Are childcare services that are provided outside the normal business hour of nine to five PM. Near site. Chapter Two: Literature Review This chapter will review literature on the effect of employer sponsored childcare on employees. This section will begin with a brief overview of employer sponsored childcare, and then provide research on some of the problems identified by employees. Research on the effects of employer sponsored childcare on retention, recruiting, absenteeism, and productivity is presented next. Findings from studies on employers commitment are covered in this session, and the last session is about ethical consideration followed by a brief summary. Issues affecting employees in childcare Contrary to popular belief, employer on-site daycare is not a new phenomenon. Evidence has shown through research that employer-supported childcare extends at least as far back as the Civil War, when on-site childcare was offered to the women who sewed for soldiers (Miller, 1984, McIntyre, 2000). As more women entered the workforce in the 70s, the idea of on-site childcare expanded to hospitals, government, and private companies (McIntyre, 2000). As the country experienced labor shortage in the 90s, employers were compelled to offer benefits like on-site childcare to encourage nonworking women to join the workforce (Keyser Hartley, 2002, Connelley, Degraff, and Willis, 2004). In 2000, it was estimated that approximately 80 % of children six and under were spending an average of 40 hours weekly in some type of non-parental care (Marshall, 2004 as cited in Sphancer Burnett-Murphy, 2006). However, quality childcare is still a major a concern for majority of parents today (Keyser Hart ley, 2002). Childcare crisis. Childcare is listed as one of the major crisiss that businesses, government and human resources department are faced with (Zampetti, 1990, Duncan, Edwards, Reynolds Alldred, 2004). However, on-site childcare is still lagging in its growth, and it has not grown as much as anticipated (Oekerman, 1997). Nevertheless, the demand for childcare has increased significantly, with the increase of women in the workforce (Keyser Hartley, 2002). It is also projected that over 85% of the workforce in the next five years will be working parents, and there has been a significant increase in the number of single parents households in recent years (Keyser Hartley, 2002). Employees are often faced with the challenge of finding quality childcare that is also convenient (Durekas, 2009). Employers on the other hand, are faced with the challenge of developing a childcare program that will work effectively for all employees, given the diversity in todays workforce (Zampetti, 1990). A s urvey conducted in 2000 showed that only nine percent of the 1000 companies with 100 or more employees survey had on-site childcare (McIntyre 2000). While this number is significantly greater now than 20 years ago, this still lags behind the demand created by the approximately nine million families with children under six years old that are in the workforce today (McIntyre, 2000, Oekerman, 1997). Childcare-related issues can hinder an employee from working at their full potential, and has led to employers losing millions of dollars due to absenteeism, decreases in productivity, high turnover, and increased training costs (Oekerman, 1997). Some of the problems cited by parents about childcare are cost, quality, availability and flexibility (Oekerman, 1997; Keyser Hartley, 2002). Research has shown that childcare issues can cause stress, tiredness, lack of motivation and loyalty, reduced productivity, unauthorized absences and accidents (Connelley, Degraff, and Willis, 2004; Oekerman, 1997). Researchers believe that some of the problems created by childcare crisis can be eliminated or minimized by employers offering on-site childcare (Connelley, Degraff, and Willis, 2004). Supporters of on-site childcare argue that well-designed programs can positively influence parents behaviors towards work, improve the wellbeing of children, and positively influence parents attitudes toward s their job, and life as a whole (Milkovich, 1976). Cost. The number of parents experiencing childcare crisis has significantly increased over the years (Durekas, 2009). The cost for childcare is significantly high and most low income and single parents cannot afford childcare without assistance (Harper, Densmore Motwani, 1993). Parents with more than one kid are often faced with the challenge of finding childcare programs that does not cost more than the monthly income of one of the parents (Harper, Densmore Motwani, 1993). With the current state of the economy and the increasing cost of childcare, the affordability of childcare has created a struggle for many parents (Durekas, 2009). Lack of quality and affordable childcare serves as a major barrier for women returning to the workforce (Skinner Finch, 2006). Many families turn to informal childcare options, by using family members, however, while this method is cheaper or cost effective, some researchers believe that is not as reliable as a formalized childcare facility (Hughes Gary, 2005). On-site childcare is advantageous to employees; employers often offer rates that are lower than what other childcare facilities charge in the community (Harper, Densmore Motwani, 1993). Employers usually pay for the start-up and operating cost, thereby minimizing the overall cost to employees (Oekerman, 1997; Miller 1984). Quality. Parents are interested in childcare facilities that are of high quality, to ensure the proper growth and development of their children (Abraham Bowdidge, 1990, Sphacer Bennett-Murphy, 2006). Quality is a paramount concern for parents, because studies have shown that children who attend quality preschool are more likely to graduate from high school, less likely to end up in jail, and are more likely to pursue advanced education, providing employers with a more highly-qualified workforce (Durekas, 2009; Langland-Orban Malsbary, 1990). The quality of on-site childcare is viewed by employers as a driving force in attracting and retaining talented employees (Miller, 1984). Employees are attracted to such a company, because of the convenience and peace of mind that on-site childcare offers. Employees are confident that their employers will hire competent, trustworthy staff members that will deliver quality education to their little ones (Durekas, 2009). Parents are demanding hi gher quality childcare from employers, and companies that are unable to provide such options will seem less attractive to the workforce (Langland-Orban Malsbary, 1990). Some employers are responding to the demand of offering quality on-site childcare benefits to their employees, by gaining accreditation from nationally recognized institutions and boards (Oekerman, 1997). Employees are no longer satisfied with the minimum standards for childcare, employees expects employers to provide a facility that is on par with other quality programs in the area (McIntyre, 2000; Cohen, 1991). Employers also see on-site childcare as a reflection of their image, and are determined to run a facility that reflects their value (Cohen, 1991, McIntyre, 2000). Running a lower quality on-site childcare can serve as a deterrent for employees to join a company (McIntyre, 2000). Availability. As more women entered the workforce, the demand for childcare has exceeded the supply (Harper, Densmore Motwani, 1993). Parents are looking for a program that is high quality and affordable (Miller 1984; McIntyre, 2000). There is also a need for childcare arrangement that is close in proximity to the parents worksite, and a facility that provide options for those that do not work during the regular business hours (Leask, 1999). Overall, parents are concerned about the location of the childcare center, the hours of operation, and the availability of space in quality childcare centers (Durekas, 2009). The demand is even higher when it in regards to on-site childcare (Miller, 1984). There are not many companies that offer on-site childcare, there by creating a greater demand for the service (Miller, 1984). On-site childcare helps to decrease the demand by providing a childcare center that operates during the companys regular business hours, and having a facility that address the needs of their current work force (Leask, 1999). Some employers offer 24 hours facilities, in direct demand of their current workforce (McIntyre, 2000). Flexibility. With the increase in single parent households, mostly run by mothers, single mothers find on-site childcare, and emergency childcare as an important tool in assisting them to find balance in their lives (Schandl, 1992). On-site childcare centers save parents time and provide flexibility, because parents do not have to drive to separate locations during their commute to work thus saving them time (Oekerman, 1997; McIntyre, 2000). On-site childcare also provides the flexibility for parents to work longer, because parents are not in a hurry to pick-up their kids before the daycare closes (Kiger, 2005). The flexibility of parents having their kids close by benefits employers, because employees are still focused on their task at hand at the end of the work day, instead of being concerned about getting to their kids childcare on time (Zampetti, 1991). It is believed that the flexibility enhances the overall productivity of employees, because flexibility reduces the overall str ess of employees which assist employees in finding a balance in their work and personal lives (Robinson, 2005). Employers response to the childcare crisis Research has shown that as the country continues to experience an increase in single parent households, most which are headed by women, the type of benefits desired by the new workforce has changed (Zampetti, 1991). Employers are searching for ways to respond to this new demand (Elskick, 2001, Durekas, 2009). Some employers have responded by offering flexible work schedules, providing daycare vouchers, reserving spots in daycares for their employees, and pooling resources to provide appealing daycare options (Hartley Kelsey, 2002, Kiger 2005). Other companies have gone above and beyond by offering on-site childcare option. Employers who have taken the initiative to provide on-site childcare state that they are seeing results in lower absenteeism, increased in productivity, higher retention and increased employee morale as well as good corporate image (Oekerman, 1997). Others argued that on-site childcare is not the only solution to the childcare issue, and actual benefits associated with on-site childcare are difficult to quantify, and many reports that these benefits have been achieved are based upon poorly designed studies, using such data as employee opinions (Lang-land Orban Malsbary, 1990). Advantages of on-site childcare Recruiting. Researchers agreed that on-site daycare is a way of attracting qualified and more diverse workforces (Connelley, Degraff, and Willis, 2004). Quite often, companies that offer on-site childcare are on the top of the list of Best Place to Work, which make such companies attractive to jobseekers (Durekas, 2009). Publicity about a company offering on-site childcare has made companies attractive to employees, and companies are being contacted by potential employees, thus saving the company money in recruiting advertisements (Oekerman, 1997). On-site childcare has in some cases has led to companies saving money in recruiting and having a larger pool of applicants to choose from. According to Connelley, Degraff, and Willis (2004) not only can employer sponsored childcare act as a direct incentive for women to enter the labor market, but it also has the potential to attract and retain fathers of young children who seek to facilitate their wives employment or who are single parent s. Women and young families are often attracted to such companies, because it offers employees peace of mind (Schandl, 1992, Connelley, Degraff, and Willis, 2004). The idea of having their kids only a few feet away in a safe environment creates security, which is an incentive for potential employees to be drawn to a company (Schandl, 1992). A 1997 study that was conducted by researchers at Simmons College in Boston discovered that companies with on-site childcare had 42 percent of employees named childcare as the reason they had joined the company, and one out five stated they would passed up an opportunity at another company because their desires to keep their kids at the companys child care center (Kiger, 2005). Some companies believe that without on-site childcare, they wouldnt be able to compete in a tight labor market, especially when it comes to recruiting female employees in the high-tech industry (McIntyre, 2000, Schandl, 1992). These employers believe that on-site care is a significant tool for recruiting and retaining high-tech workers (McIntyre, 2000). On-site childcare gave companies a competitive advantage against their competitions, because on-site childcare is different from traditional benefits, and it is been offered by few companies (Schandl, 1992). On-site childcare also shows an employers commitment to their employees, which sends a message that the company is invested in the wellbeing of their workforce (Durekas, 2009). On-site childcare also enhances the companys image, which make the company attractive to new and diverse talents (Durekas, 2009) Retention. There are many employers who have benefited from higher retention and performance due to on-site daycare (Connelley, Degraff, and Willis, 2004). One such company is Abbott Laboratories, where employees with children in the on-site childcare center have a retention rate three times higher than the norm (Kiger, 2005). Employers are seeing an increase in retention, because of the flexibility and peace of mind that on-site childcare provides for parents (Casey Grzywacz, 2008). Knowing that their child is only few feet away in a quality facility, serves as a motivation for parents to remain with an employer (Friedman, 1986 as cited in Oekerman). Companies such as Procter Gamble has taken proactive steps by opening a 24 hour childcare facility to accommodate night shift workers that are unable to leave their kids home and Trout Blue Chelan Inc, has taken the initiative to run an on-site childcare facility outside the normal business hours (McIntyre, 2000). According to the manager at Procter Gamble, their new facility is demonstration of their commitment to their employees and has served as an incentive for employees to remain with the company. She further explained that it conveys a message that the employees are cared about, and this has in turn increased employees loyalty (Leask, 1999). Companies who offer on-site childcare are starting to see their employees rejecting offers from other companies, and employers are starting to view on-site childcare as a way to remain competitive in the future (Connelley, Degraff, and Willis, 2004, Zampetti, 1991). Productivity. Researches believe that childcare-related issues can bring about stress and concerns that affect the overall productivity of an employee (Hartley Kelsey, 2002). Studies also show that companies who offered on-site childcare are experiencing an increased in productivity (Leask 1999, Zampetti, 1991). Managements at such companies believe that on-site daycare creates an environment in which employees can focus their task at hand, alleviate those concerns that serve as a distraction, and affect productivity (Zampetti, 1991). On-site childcare has led to increase in productivity because employees can now concentrate fully on their work, because they trust that their child are been taken care of my competent staff (Leask 1999; Zampetti, 1991). An example is at SAS, where parents are allowed to visit their children during the day or join them for lunch in the cafeteria. According to the company, this has enormously increased morale and performance, and the overall productivit y of employees (Leask, 1999). Absenteeism. The National Child Care Survey reported that in 1990, 15% of all employed mothers missed work due to child care problems (Hofferth, Bayfield, Deich, Holcomb, 1991 as cited in Oekerman, 1997). Employers lose millions of dollars each year due to absenteeism caused by childcare- related issues (Hartley Kelsey, 2002). According to Durekas (2009), some large employees can lose close to a million dollar each year, because of absenteeism. Absenteeism is a major concern for employers, because it affects overall productivity, and morale on the job (Miller, 1984; Hartley Kelsey, 2002). By providing on-site childcare, employers will reap the benefits of decrease absenteeism in the company as a whole (Hartley Kelsey, 2002). Employees will take fewer unscheduled days off as a result of lack of childcare (Milkovich, 1976). Employers also believe this has led to decreases in absenteeism, tardiness, accident rates, turnovers, and employee stress (Milkovich, 1976). Several studies have suggested that employers felt absence of childcare was not necessarily a cause of absenteeism among women workers, but the sickness of a child was (Miller 1984, Milkovich, 1976). Parents are more likely to take days off to tend to the well being of a sick child (Langland-Orban Malsbary, 1990; Herman, Koppa Sullivan, 1999). Also, most childcare facilities have straight rules about sick children coming to childcare, because of fear of other children becoming infected (Herman, Koppa Sullivan, 1999; Langland-Orban Malsbary, 1990). In those cases, parents are left with no other alternative, but to stay home with their sick child. Various companies have arranged for back-up child care, and offer emergency childcare option to help address this issue. It is believed that with backup care, a far greater number of people can be covered than conventional on-site care because it is not being used daily (Kiger, 2005). Other companies have resorted to reserving spots in lo cal child-care centers for employees emergency use (Kiger 2005). Emergency childcare has led to employees taking fewer days off, due to less severe illnesses of their children (Schandl, 1992). Some employers have addressed the absenteeism problem by providing afterhours care (Cohen, 1991). One study concluded that by providing afterhours care; companies could minimize absenteeism by 20 percent and recover the cost of an on-site center in five years (Connelly, Degraff Willis, 2004). The director of Childcare at one company describe on-site childcare as a way to create good morale, bring in younger to middle-age workers that need a second income and have a more stable attendance at work (Leask, 1999). In some cases, onsite childcare has also encouraged women employees to return to work sooner after the birth of a child, because of the companys infant daycare (Aschbacher, Burud, 1989 as cited in Oekerman 1997, Leask 1999). Women are more comfortable having their infant closer to their job, then leaving than in a childcare somewhere across town (Oekerman, 1997). She explained that parents are more secured, because if there is a problem or concern, they are only a few feet away from their little ones. Others argue that employers flexibility has an even greater impact on absenteeism, compare to on-site childcare (Miller, 1984). In a study conducted by Casey and Grzywacz (2008), the result show that an increase in perceived flexibility was associated with a decrease in sickness absences and work-related impairment and improved job commitment. Employers Image Supporters of on-site childcare see on-site benefit as a significant demonstration of the companys investment in their employees, and what result their policy on childcare will have on employees, and their overall standing in the community (Hartley Keyser, 2002). Companies that offer on-site child care argue that it is not about breaking even or quantifying the benefits. These employers believe that the savings and benefits obtain from on-site childcare programs are not necessary shown in the numbers but in things such as morale and performance, which are difficult to quantify (McIntyre, 2000; Connelley, Degraff, and Willis, 2004). Companies that sponsor child care programs believe that benefits can be seen in increased recruiting potential, morale, productivity, and quality. It is more of a moral dimension to the company, companies that provide on-site childcare believe that it not done because of profit, but providing on-site childcare is the right thing to do (McIntyre 2000). Acc ording to Kiger (2005), companies are utilizing child-care programs to mitigate one of the most painful and destructive ills of the 21st century economy: parents decreasing contact with their kids and increasing alienation from family life. On-site childcare is a way of helping to strike a balance between work and personal life and a social responsibility of employers that also creates a competitive advantage (Elswick, 2001). Employer sponsor childcare benefits is viewed as a demonstration of an employers commitment to employees and leadership in the community, which has resulted in enhanced morale and company image, as well as an increased the companys ability to attract talents (Durekas 2009). Supporters of daycare emphasize that not only is it the employers social responsibility to provide day care services, but also the employers responsibility to properly staffed and designed program (Milkovich, 1976). Disadvantages Financial. With all the benefits associated with on-site child care, such as higher retention, lower absenteeism, improved performance and high morale, there are not many companies are jumping to offer this benefit (Morrissey Warner, 2008, Kiger, 2005). A study conducted in 1998 found 8000 firms on-site or near-site care (McIntyre, 2000). Most companies are afraid to underwrite the cost of starting a new facility because onsite childcare is expensive to start and operate (Land-Lang Orban Malsbary, 1990). Although there are numerous benefits from opening an on-site childcare, many companies are not willing to commit a substantial amount for start-up cost (McIntyre, 2000). Companies also have to take into consideration the investment in land, buildings, operation of the center, and potential liability issues (Langland -Orban Malsbary, 1990). Quality childcare centers are likely to operate at a loss. The capital requirements are substantial, and actual losses and capital requirements have the potential to exceed forecasts (Langland-Orban Malsbary, 1990). For example, one accounting-firm executive estimates that most hospital-sponsored childcare centers lose $250,000 to $500,000 annually (Lutz 1987, 46, 48 as cited in Langland-Orban Malsbary, 1990); and another hospital-owned childcare center reports that fees cover only 75 percent of operating costs (Wayne and Burud 1986, 83 as cited in Langland-Orban Malsbary, 1990). So even though state and federal government offer tax incentives, it still has not been enough to overcome companies fear of the added cost and responsibility associated with operating an on-site childcare (Kelley, 2000; McIntyre, 2000). Onsite child care centers are not viewed as money makers, in many instances companies have to subsidize the budget for the operation of one (McIntyre, 2000). Management. Many employers are not equipped to manage an on-site childcare and some authors (Langland-Orban Malsbary, 1990) suggest that employers can use many strategies to respond to employee requests for quality childcare that do not require entry into the unfamiliar childcare business or incur a substantial capital investment or operating loss. The management of on-site childcare entails different levels of expertise that companies are not necessarily equipped with (Keyser Hartley, 2002). Supporters of on-site childcare claim it is the social responsibility of employers to provide a childcare facility that is well-managed (Milkovich Gomez, 1976). Some companies hired competent childcare aides, but such individuals are not necessarily equipped to manage the day to day activities of an on-site childcare center (Keyser Hartley, 2002; Milkovich Gomez, 1976). Some Langland-Orban Malsbary (1990) further emphasized that providers of on-site childcare centers may encounter conflicts with employees, particularly regarding annual rate increases, assessing penalties to parents who are late in picking up children, or the decision to terminate the center operation. On-site childcare program is a direct reflection of employers commitment to their employees, and without effective management of on-site childcare programs, employers will be faced with dissatisfaction, and complaints from employees which will have adverse impact on recruiting and retention (Keyser Hartley, 2002; Langland-Orban Malsbary). Critics however recommend that some employers should stay away from managing on-site childcare programs, because employers that have no expertise in managing child daycare centers increases their companies financial risks. Although child-development specialists are often employed, they do not have the expertise to manage an on-site childcare (Langl and-Orban Malsbary, 1990). Return on investment. The potential to enhance employee recruitment and retention through child daycare exists, but potential savings are difficult to quantify accurately (Segal 1984 as cited in Langland-Orban). There are little to no research on the actual dollars a company saves from offering on-site childcare (Durekas, 2009; Miller 1984). Some researcher argued that a company can attract and retain employees, by offering other childcare benefits instead of investing in an on-site childcare (Zampetti, 1991). Those who support on-site childcare stressed that, the return on investment is can be found in areas such as good public image, decrease in absenteeism, increase in productivity, and employees commitment (Kelley, 2006). While the benefits are difficult to quantify, company are gaining competitive advantage which is a substantial return on investment (Zampetti, 1991; Leask, 1999). According to Durekas (2009), research has also shown a childcare center could save a business as mu ch as $500,000 annually in turnover costs-10 retained workers at $50,000 per worker. Ethical Issues Some of the ethical questions surrounding on-site childcare are: Is on-site childcare in the interest of the child? (Oekerman, 1997) and is on-site childcare fair to everyone
Thursday, September 19, 2019
Affirmitive Action :: essays research papers
Have you ever wondered who gets to attend the countryââ¬â¢s selective colleges and universities? The really smart kids, the hard workers, star athletes, artists, singers, mathematicians, writers, alumni children? Of course universities want them all. But what about when it comes to race? Suddenly the stakes of getting in are raised. How many African Americans, Hispanics, Asians, and Whites should there be in each class? Should acceptance to a school depend on a personââ¬â¢s race? à à à à à Well I believe that acceptance to a school shouldnââ¬â¢t be depended on the race of a person. I believe this because itââ¬â¢s like judging a book by it cover, it doesnââ¬â¢t always work out. Let me give you an example just because youââ¬â¢re Asian doesnââ¬â¢t mean that youââ¬â¢re going to be smart, know how to fix a computer, or be a crappy driver. Actually we should all be thought of equals and our race shouldnââ¬â¢t matter in being accepted into a college. Colleges shouldnââ¬â¢t administer students onto there campuses to keep diversity, but let their capability determine their entrance. College admissions should be determined by academic performance/capabilities instead of oneââ¬â¢s ethnicity just to increase diversity in the college atmosphere. à à à à à However, there is another side to this raging debate over affirmative action. There are a more then a handful of minorities that are qualified for admission, but need that extra help affirmative action grants in order to get admission into that top tier university. Some of these people come from economically challenged backgrounds, they meet the requirements that universities require, but do not excel as some of more competitive students that apply. In these type of situations affirmative action, grants admission to the economically challenged student, rejecting the more qualified one. But who are we to say that the kid from the wrong side of tracks, that was raised with seven brothers and sisters, most of whom havenââ¬â¢t been to college; doesnââ¬â¢t disserve his chance to be the first in his family over the pure bread tutored child?
Wednesday, September 18, 2019
Comparing Women in The Bell Jar and Enormous Changes at the Last Minute
Exploitation of Women Exposed in The Bell Jar and Enormous Changes at the Last Minute à à à à In their manifesto, the Redstockings argued that the relationship between men and women was a class relationship, and that the men repressed and controlled the women. The women were objects, and the men owned them. They said that, as a class, women "are exploited as sex objects, breeders, domestic servants, and cheap labor" by the male class(Bloom, Takin' it to the Streets, 486). Many of the women characters in The Bell Jar and Enormous Changes at the Last Minute give us examples of this repression and exploitation. à In both The Bell Jar and Enormous Changes at the Last Minute, we often see women as being subordinate to men. For example, in "Debts", one of Grace Paley's characters is happy because she has found "a husband to serve"(Paley, Enormous Changes at the Last Minute, 11). Her life has no meaning apart from her role as wife. She is defined by her husband. The idea that women are defined by their husband is so pervasive that we even find it in the language of the stories. In "The Burdened Man" there is a newspaper article describing the shooting of a wife and her lover by her husband. The husband and the lover are called by name, Sgt. Armand Kielly and Alfred Ciaro, respectively. The wife is only referred to as Mrs. Kielly. In The Bell Jar, when Buddy Willard proposes to Esther, he asks her "How would you like to be Mrs. Buddy Willard?"(Plath, The Bell Jar, 75). In both these instances, the language used defines the women in terms of their husband. This casual indication of dominance says a great deal about the culture. à The exploitation of women as sex objects is also easy to find. Both works contain extreme i... ...(Bloom, 486). As a class, men exploit them for personal use, both economically and sexually. They do everything they can to keep women in an inferior position. This repression is so pervasive that it is even found in the language of the women themselves. Correcting this problem is not a matter of changing individual relationships within the society. As the manifesto says, "the conflicts between individual men and women are political conflicts that can only be solved collectively"(486). In order for things to improve, there must be some change in society at a base level. à Works Cited Bloom, Alexander and Wini Breines, eds. Takin' it to the Streets. Oxford University Press, New York, 1995. Paley, Grace. Enormous Changes at the Last Minute. Farrar, Strauss, and Giroux, New York, 1974. Plath, Sylvia. The Bell Jar. Harper and Row, New York, 1971. Ã
Tuesday, September 17, 2019
Sexual Harassment and the Equal Employment Opportunity Commission (EEOC) :: Sexual Harassment Essays
Under Title VII of the Civil Rights Act of 1964, Sexual harassment is a form of sex discrimination. Federal law as well as various state fair-employment laws prohibit employers with 15 or more employees from treating members of one sex or race differently from members of the opposite sex or another race in terms, conditions, or privileges of employment. The statutory and regulatory laws govern the entire employment process from pre-employment activities such as recruiting, through an employee's career with the organization, including termination. The prohibition against sex discrimination imposes responsibility upon employers to afford their employees an environment free from sexual harassment and from the fear that it may occur. The Equal Employment Opportunity Commission (EEOC) can file lawsuits on behalf of victims of sexual harassment, women who take their accusations to court face even bigger obstacles than mere public disapproval. The legal process is long and cumbersome - it can be years from the first complaint to the final verdict and in the meanwhile, the woman is in a legal, professional and often financial limbo. Women are not entitled to collect damages under the Civil Rights Act - just back pay; so many women don't see this process as worth the trouble. Even those, however, who do file a complaint and win a harassment case, may feel lost. Though, Title VII offers reinstatement to previous job, the individual may be shunned or harassed by co-worker thus making conditions even more uncomfortable than they were beforehand. Common law tort lawsuits, such as intentional infliction of emotional distress and assault and battery, provide a remedy in certain types of sexual harassment cases that is total ly dependent of any of the statutes and governmental agencies. However, the solutions proposed might seem comprehensive in plans to lessen sexual harassment in the workplace and punishment of harassers, women still face formidable obstacles in preventing harassment from continuing. The proposed measures fail to cover all aspects of harassment, though the truth is, it is virtually impossible to formulate a plan to do so.
Monday, September 16, 2019
Dbq- Trade
In the times of the early modern world, there was an increase in desire for new goods and resources, which led countries to explore different lands. More trade routes were made, allowing trade to erupt all around the world. Trade became an important force of change and had many effects on society and foreign relations. From 1300-1800 many European countries wanted to expand and make their lands more bountiful with more resources and goods from other places. Countries wanted what other countries had; for example different types of food and spices.This desire for new goods and resources drove countries to explore new lands and trade with other places so they can attain those things. For example, there was Vasco de Gama of Portugal who travelled to Calicut, India, claiming that he wanted to befriend the ruler of Calicut (document 4). In truth, the reason Vasco de Gama came to India was because he knew that other countries were bringing goods to India and he was interested in discovering what goods and resources they had.As more trade routes were being made, and more countries were exploring different lands; trade became an important force for change due to the exchanging of different resources and ideas. The Western Hemisphere and the Eastern Hemisphere each had a lot to offer (document 2) and through the many trade routes that were made through the European sea trade (document 5), a lot of goods were now being exchanged. So a variety of lands now had different food, animals, metals, and diseases.In this new modern world, changes began to happen in different areas; lands were now being exposed to different resources unlike what they were used to because of the different goods and resources they were receiving. Another change that occurred because of this age of exploration and trading is the rising of a new merchant class (document 3). The merchants, not only did the trading of goods and resources but also of ideas. Since trading became so big, the merchants who w ere in charge of it became very wealthy and were always in demand for the goods that they had.These changes stuck in society, and there became a wider variety of goods, resources, and ideas all around the world. Trade provided the world with new resources that they have not seen, which also allowed relationships between countries to interact and improve. For example the letter from the governor of Sijilmasa in southern Morocco, to the king of Ghana in Western Africa (document 1). Even though these two kingdoms are not from the same religion or place, they have put aside their differences and agreed on the issue that merchants should not be imprisoned.Trade has let completely different people interact and communicate humanly even though they are not the same. Another example is what Pope Innocent III granted to Venice (document 6). Under normal circumstances the pope did not allow Venice to trade with Muslim because they were at war with them, but due to critical conditions, an accep tion was made, to allow the people of Venice to live well. Venice was now allowed to trade with the Muslims, so the relationship between those two lands were mended slightly due to this.In general because of the European sea trade and all the trade routes that there were, countries were forced to interact more with each other, so just in that aspect itself it improved relationships between countries, different lands, and leaders themselves. In the 1300ââ¬â¢s to the 1800ââ¬â¢s, goods and resources became more desirable so trade routes flourished throughout the European sea trade. Trade introduced new resources and ideas to different countries and lands, and came up with a new merchant class. It improved different countries relationships with each other and helped countries interact better.
Sunday, September 15, 2019
The Ben and Jerryââ¬â¢s Ice Cream in Russia
Russia has a known reputation in the ice-cream industry. They are known for their flavorful ice creams that are of a wide flavor varieties. The Ben and Jerryââ¬â¢s Homemade, Inc. founded in Burlington, Vermont decided to have a franchise in Russia, which longs for modernization of its market economy. Since ice-cream is considered as a commodity, they thought of using it as an entry point to strengthen their economic growth. The franchise was named ââ¬ËIceverksââ¬â¢ ââ¬â Ice Cream of Vermont and Karelia.This was also thought of to bring together diplomacy in America and Russia although there were risks on doing such kind of business, even if Vermont and Karelia are sister cities. There was also an effort of change of political systems from strict social, the communist system, to the democratic political system. The management of Iceverks taught the necessary tools to the employees and managers to equip them for proper and good management strategies.Then suddenly the clima te inside the management changed, with the lessening of the effectiveness in their management because their local partners have become better in equipment to manage the joint venture. With this, they just decided to donate their equipment to the management and the equity to their local partners (Moss, 2000, p. 136). In 1997, Ben and Jerryââ¬â¢s has left Russia, with the Iceverks no longer using Ben and Jerryââ¬â¢s as their brand name.For me, although this happened, we cannot say that the venture was unsuccessful, because the Iceverks was able to maintain their standards for ice cream production and customer satisfaction services, the legacy that the Ben and Jerryââ¬â¢s left for Russian and even other foreign customers. The Ben and Jerryââ¬â¢s intention was not really on the profit but on the development, because instead of withdrawing all the equipment in the Iceverks because they are leaving, they even donated it to them.The corruption in the Mafia also brought about th eir withdrawal of management because of the matter of philosophy. The Ben and Jerryââ¬â¢s did not want to give consent to the bribery or corruption there was just to have protection from the Mafia. The American companies were required to pay 30% more of their profit just to acquire the said protection. Again, the economic shift was hard to attain that time.The mind set of the Russian managers was more on the capitalist ideology, which hinders them from being immediately penetrated by the training they received from the American managers, which the Ben and Jerryââ¬â¢s have given much effort on. Since Ben Cohen, the founder of the Ben and Jerryââ¬â¢s, is more of the ideal businessman, he was more of a diplomatic and socially responsible person. He did not care much of the money involved in the business. But then, there was an observed loss of jobs because the company has enormous money loss that could not support the work force any longer.As mentioned above, the Russian partn ers, who are in profit maximization, decided to split up with the Ben and Jerryââ¬â¢s, which made B&J just leave and leave their equipment to them. Leaving the Iceverks was somehow a much better decision than staying, because eventually the political system will eat them with their principles. In fact, they have succeeded in other countries like Japan, France and the UK, applying the same business strategies. It was a good decision to leave also because of the very unstable economy, with lots of financial risks, etc.that have affected much of their transactions, from simple packing to large machineries and refrigerators, etc. The big cultural differences also contributed to their decision, because they do not have the total control and regulation of the political and philosophical missions and visions of the company, since it is a joint venture. Reference Moss, L. S. (2000). Bankruptcy Reform in Russia: The Case for Creditor Rights in Russia. Review of Russian Economics, 13, 121- 146.
Southwest Airlines: Organizational Commitment and Communication
Southwest Airlinesââ¬â¢ strong organizational culture is reflected in its mission as shown in its website: ââ¬Å"dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit. â⬠Southwest is a company that not only excels in customer service and profitability but also in employee development. Its organizational commitment is not reduce to the organization; it is actually expand it to an ongoing relationship with the employees where they have the opportunity to express their ideas, suggestions and concerns. This organizational culture has made Southwest Airlines one of the companies with the fewest customer complaints, and an employee turnover ratio of less than 10 percent (Dââ¬â¢Aurizio, 2008). The same strong culture Southwest Airlines has built over the time is supported by every employee who has in mind that they have to deliver a warm and friendly assistance to their customers. Southwest managementââ¬â¢s strategy could not be any better; the management treats employees as family, expecting from the employees to treat customers like family as well. The company is characterized for having a decentralized structure. In between the CEO and the frontline supervisors, there are only a few levels. Their philosophy on structure is very relaxed. Any employee who feels the need is welcomed to contact someone above their supervisor. The president has three executive vice presidents who each have five or six vice presidents who report to them. There is one vice president of Internal Audits and Special Projects who reports directly to the president. (Rivera, Cornwell, Abenes, 2003) The Southwest culture creates and integrates a dedicated and motivated workforce that succeeds together. The ownersââ¬â¢ leadership style is led by example; that is how Kelleher treats his employees, like family, he is open to communicate and he also knows the vital role in forming this unique culture. Before people become employed at Southwest, the managers in charge of the hiring interview make sure they embed the organizational culture in the candidates. When they become part of the Southwest family, then they are treated like part of it. Any event in the lives of the employees are acknowledged and celebrated by everyone, everyone cherish for the success and happiness of the members of the family. The company establishes special programs for families of employees. The company listens to comments and feedback, not only from employees, but also employeesââ¬â¢ families, customers, and vendors (Dââ¬â¢Aurizio, 2008). This company has become profitable by putting into practice the philosophy of an open communication. Southwest does not have the culture only in paper, they actually live it. The managers start giving the example to the employees, and they follow their leaders. Southwest strategically generates satisfaction to their employees, this needs satisfactions will later reflect and convert into satisfaction to the customer and shareholder value via organizational capabilities I believe the success of Southwest Airlines comes from the combination of different sources of power. Part of it comes from the expert power, and also from the reward power. Southwest management had has the ability and knowledge to create such an amazing organizational culture, this ability is the expertise power. Now the way they have applied the idea into real actions, the fact that they led by example and treat the employees as family is the reward power. The management has gained the respect, trust and loyalty from their employees. This is because of what they have done not only with words but more important with actions. Concerning the communication aspect, this plays an important role in the organizational culture of Southwest Airlines and the way the employees perceive that culture. The website Reference for Business (2009) explain how the contend of a message send will be perceive in different way by every individual. Each person gives their own personal meaning to the message received. This also happens due to the experience, the receiver makes sense out of a message based on experience. No one can perceive experiences in the same exact way as another does. Each individual has a unique set of experiences, a unique perceptual ââ¬Å"filter,â⬠that helps them to understand or interpret messages received. These filters are built over time by each individual person according to their childhood background, and the life experiences. Finally, we can say that the combination of the message received and he experience of the receiver is what makes an interpretation of the message. This is the reason why Southwest management emphasizes in a clear and concrete communication. They know how some messages can be easily misunderstood or twisted on the way. And this is the reason why they keep an open communication to the employees. Allowing questions when the message was not clear, as well as allowing suggestions when the employees do not agree. The challenge for every organization is how to create a great channel of communication that will enable employees to comprehend messages in the way they were originally intended to be transmitted. According to Beebe and Masterson, ââ¬Å"conflict in a group occurs when members disagree over two or more options that a group can take in trying to make a decision, resolve a problem, or achieve a goalâ⬠(Chapter 7, p. 69). Other types of conflicts can occur as a result of differences in goal. Now, the good news about conflict is that it can be use in a positive way contrarily to the popular belief that states that a conflict should always be avoided. Southwest Airlines, for example, could use conflict to challenge their employees to research, or come up with ideas of how to resolve some specific issues, problems. Additional researches will help to determine a better way to fix problem that are costing a lot of money to the company. The commitment of Southwest airlines is to a culture that motivates, empowers and promotes employees to make the company one of the best companies to work for, as well as one of the most profitable one. One of the most important tools this company uses is the open communication and the in-house advancement that encourages a positive perception of company culture, allowing employees the opportunity to express ideas, suggestions, concerns that Make them believe they are part of the Southwest ââ¬Å"familyâ⬠. Southwest best strategy is the commitment not only to the organization itself but also to the employees. Everyone there is part of a big family who works hard to keep harmony n within the family. They use great leadership styles where the managers led by example and they are always open to any communication. This company should be use as example as what it is to build a great culture and a great organizational commitment.
Saturday, September 14, 2019
Annotated Refernces list final
Organizational and media stress among professional football players: Testing an Achievement Goal Theory Model This article includes a study that was to investigate media and coach- athletes stress that would be experienced by the professional football players by examining or testing the goal theory model. The study was about 82 football players that had to complete some questionnaires. In conclusion the study shows that the coaches of the professional football players are advised to reduce the emphasis on performance that would reduce the stress.The information in this article is objective because it was all based on some issues that happened with professional football players. The goal of this article would be showing how much these players receive. Hint the article would be useful for me in writing the paper. The article relates very much to my topic which is about stress for athletes, so I will be able to write more about what causes these athletes to have stress. Stress-Related B reathing Problems: An Issue for Elite Swimmers The article talks about a problem that elite swimmers might have stress because of breathing problems.The article showed a study that number of swimmers who have this problem is increasing. The study in the article showed 24 elite swimmers in two different swim clubs in Norway. The study explains that swimmers Will have breathing problems when they have higher intensity in their workouts and going to school above that would cause more stress in their daily life. I believe that that information is all objective because the article showed a study that occurred to some swimmers.
Friday, September 13, 2019
Advantages and Disadvantages of Service Contracts and Production Essay
Advantages and Disadvantages of Service Contracts and Production Sharing Contracts - Essay Example In many countries where oil and gas are being produced, made abrupt and unilateral changes in the already executed agreements. This unilateral change at the end of oil and gas producing countries hit hard the investors. This would definitely shake the confidence of the investors who invested a lot of money in oil and gas projects. The governments of Venezuela and Bolivia have gone to the extent of breaking the contracts or termination of licenses at their own sweet will. This move can be branded as ââ¬Å"resource nationalizationâ⬠. To lessen the negative impact on the profitability of the investing companies, the sovereign governments of Canada, UK and the USA have proposed compensation in terms of further extension of their contracts on soft terms to address this issue1. To safeguard the interest of the investor companies came from abroad, the effective legislation is necessary to mitigate the risks associated with it. However, the legislation in this respect varies from count ry to country. This does not only effectively take care of the interest of the host countries but the interest of the investors those who are in the run. ... On the other hand, the state in return will receive royalty payments, income tax and other liveable taxes on the oil and gas producing companies. Contrary to that as per PSC the government will be the owner of all oils and gas productions, and the IOC will act as technical and financial services provider to take care of oil exploration and the development of oil wells / gas fields. Alternatively production will be shared between IOCs and the State in line with the provisions of PSC3. In the developing dominions, PSC system is an effective tool to access oil and gas exploration as well as development of oil wells. As per Johnston view, this access dependable on the political system of that country. As far as functional and financial considerations, the PSC system is more or less at par with concessionary system. The only difference between the two is the management control and its effective implementation4. Upstream Oil & Gas Agreements Overview Upstream agreements in fact create and establish legal business entity and working relationship between the sovereign government and the individual who owns land of exploration for oil and gas. The agreement is a legal document where rights and obligations of the stakeholders are clearly defined, leaving no ambiguity5. In the developed countries like USA, Canada and the UK where two forms of agreements are in existence. One is for the execution of individual land owner for exploration of oil and gas, the other one between the host government and the investor. The agreement executed between the host country and the investment company is called ââ¬Å"Concession Agreement and the Production Sharing Contractâ⬠6. In other words the
Thursday, September 12, 2019
Climate Change - Maldives Essay Example | Topics and Well Written Essays - 1000 words
Climate Change - Maldives - Essay Example The overall impact of rising of the sea level is flooding or even submergence of low-lying coastal areas. Therefore, low lying islands like the Maldives Islands that lie about 8 feet above the sea level are likely to be submerged. This is due to projections that the sea level is likely to rise for about 8 feet over the next century. Climate change will not only threaten the economy, culture and environment of Maldives, but also the existence of the country (Knox, 2009). Therefore, there is need for the country to revise its foreign policy in order to effectively push for global action on climate change. If the government cannot effectively lobby for global action on climate change then the citizens of Maldives are going to lose their country in the next century. According to the projections released by the Intergovernmental Panel on Climate Change (IPCC), the average global rise in sea level will be between 0.09m and 0.37m in the coming decades (Radic, 2008). This is likely to either submerge the nationââ¬â¢s beaches or increase beach erosion and bring about higher storm surges that threaten the countryââ¬â¢s biodiversity (Dunya, 2015). Loss of biodiversity would put the countryââ¬â¢s environment at jeopardy as it will result in extinction of various animal and plant species. Increased depths may hinder growth of coral polyps which will in turn affect fish breeding and the countryââ¬â¢s fishing grounds. The loss of the coral reef biodiversity will have a devastating impact on human settlement in Maldives Islands. The rise in sea means that salt water will intrude into f resh water sources in the country which will impact negatively on agriculture and terrestrial ecosystems (WorldBank, 2010). Erosion and submergence of beaches in the Maldives Islands means that the country will no longer receive tourists. This will be the worst economic tragedy to the nation since its economy largely depends on foreign exchange earned from the tourism sector. In
Wednesday, September 11, 2019
Will be privided on Friday July 1st after 6pm Essay - 1
Will be privided on Friday July 1st after 6pm - Essay Example Acting in such a manner shows how one puts his heart in his work and usually results in satisfactory jobs as others may not be able to demand for more when they see the seriousness of a responsible person. Of course, physical efforts are much needed to accomplish responsibilities because just thinking about things and planning oneââ¬â¢s actions are not the same as doing them. One has to perform his duties to be considered responsible. In our world, whatever part of the world we live in, I think responsibility is present and comes in many forms but still are the same though different in some ways. This is so because of culture and beliefs. For instance, for some cultures, it is still widely accepted that mothers should stay at home and do the household chores, bear children and take care of them while the father is expected to do the more difficult tasks like farming or being the bread winner, going to the office and bringing home his paycheck to his wife. To them, women are expected to budget whatever amount the father brings home for all the needs of the whole family. For other cultures, women are now allowed to work alongside the men in offices, competing with them and even becoming bosses in a world that used to have been dominated by the stronger sex, as we have always known. However, the womenââ¬â¢s responsibilities in such cultures in the house are not passed on to the men, though there are some cases of which, but that their working outside of the house is but an additional responsibility. If they are not able to perform their functions as housekeepers and babysitters, they then have to hire someone to do the task so that their primary responsibilities will not be forsaken. In another angle, there are other responsibilities we have to perform and that would be our social responsibilities. As they say, no man is an island. Indeed no man is and we can not survive without the help of the other no matter how much we hate having others help us. Men have been made
Tuesday, September 10, 2019
Charater notebook Article Example | Topics and Well Written Essays - 750 words
Charater notebook - Article Example Additionally, Corie illustrates the theme of change as she seeks to change both Paul and Ethelââ¬â¢s preferences to conform to her own specifications. Consequently, she manages to change her motherââ¬â¢s view towards dating again, as the play reveals that Ethel spent the night at Victorââ¬â¢s house after the blind date. (Simon, 1964) After an argument with Paul, Corie manages to throw him out of the house and as a result of the alienation, Paul takes to drinking and adheres to Corieââ¬â¢s specifications of animproper and undignified man. The play is built on the concept of transition as each character tends to transition into new attributes after a different encounter in the play. Ethel was reserved about the blind date between her and Victor and during the blind date, Paul and Ethel sit on their chairs as Corie and Victor dance with the belly dancer. The twist in character changes sees Ethel step out of her comfort zone and spend the night with Victor on their first encounter a fete which Corie would not have anticipated. Paul decides to walk on the snow bare footed irrespective of his prior reservations stating that the snow was 17 degrees. With respect to the circumstance focused on in the play, the author illustrates the theme of change in the different acts. In act one, Corie notes Paulââ¬â¢s conservative attributes and states some instances where his reservations conflicted with her needs. She notes that while they were in a party, Paul kept staring at his coat instead of mingling with other people who were present.Paul is calm, reserved and dejected and only conforms to a given lifestyle due to factors derived from his career and general outlook to life. He appreciates order and is very reserved when he is in contact with new people, he comes across as a shy person but it is revealed that his line of work forces him to embrace his character. In one of their arguments, Corie states that Paul is just a
Monday, September 9, 2019
Book review of Black Like Me by John Howard Griffin Essay
Book review of Black Like Me by John Howard Griffin - Essay Example The book highlights the darkest moments in the history of US, where social justice to blacks was bare minimum. The author in the best manner elucidates the obstacles and the hardships that a black man undergoes. He not only highlights the cursed life of blacks but, also involves himself in a quest to discover his own identity. The racial oppression led to problems for the black people in US, in finding food and shelter, even the rest rooms through out the country which the black people were allowed to use as there was a great scarcity. There was discrimination in day to day affairs like travelling by bus, getting a cheque cashed and sitting on bus stand or park benches. Their residential areas were filthy, stinking and dark like ghettos. The social justice was conspicuous from the behavior of each race in another's company. A white used to receive respect and courtesy from the whites only, whereas they were always formidable from the behavior of blacks, always suspicious of their actions; whereas, blacks were looked upon with animosity and hostility. The blacks were generous with each other. Where Griffin mentions all the bad sides, he also mentions examples of P.D East and construction worker from Alabama - the whites and the blacks like Sterling Williams (who helped him in his transformation, made him learn the etiquettes, the style and the mannerism of the blacks) and the mill worker who proved that human kindness and generosity cannot be overshadowed by the evils of racism. The book addresses the sociological issues and concerns related to racism and sexism. The book points out how African Americans were a stereotyped because almost majority of the Americans had no knowledge of their culture. Black men were subordinated because white believed that blacks were sexually perverse. The book provides a very sentimental and heart rendering approach to the sufferings of the black people in American South. It touches the heart directly because the events are unfolded by a white man himself, who experienced the troubles of the blacks by under covering himself as a black man. It was a quest for the author to see how blacks struggled. The author left his family and friends and lived under cover for whole six weeks, travelling from Texas to Mississippi, Alabama, Louisiana and Georgia. The author tells how he started off with his transition from a white to black; the most interesting part, because this is his quest for search of an identity. He starts to make friends with black people and one of his very first mates was a shoe shining man, Sterling Williams; living amongst black, the author starts to realize what these men in Atlanta have been through to come so far. He ends the book on a worrying note that the time will come when blacks will come haunting the American white racists, for all the cruel and the deadly treatment they have done to blacks. John Howard Griffin's social experiment of converting into a black man, proved to be a success; it was a contribution of his efforts as a white man to bring to front the relentless efforts of blacks to be recognized how badly they have been treated. His guise for putting himself into shoes
Sunday, September 8, 2019
Models for Forecasting Exchange Rates Essay Example | Topics and Well Written Essays - 2000 words
Models for Forecasting Exchange Rates - Essay Example is a function of sample size = N M = N/log N Schwartz criterion Consistent estimate of lag length Akaike lag length Minimum mean square prediction errors criterion of the dependent variable Similar to AR Weight (W) is assigned arbitrarily W = 0.95 Random Walk model Current spot rate is a predictor of the future spot rate; Basic model Requires no estimation With a drift parameter Mean monthly (logarithmic) exchange rate change These methods minimize criteria based on squared deviations; but it will be ineffective when the fluctuations in foreign exchange rates is unusual - and not as based on reasons established in various studies of fluctuations. Multivariate Time Series Models - Unconstrained Vector Auto regression (VAR).(1. MEESE, Richard A.; ROGOFF; Kenneth) Under VAR model, "contemporaneous value of each variable is regressed against lagged values of itself and all the other variables. The exchange rate equation is st = a i i s - 1 + a l z s t - 2 +"" a i n s f - n + BilXt - 1+ 2 X t - 2 +"" B'iX,- + ui where X,_j is a vector of the explanatory variables in the earlier equation, lagged jperiods." (1. MEESE, Richard A.; ROGOFF; Kenneth) VAR yields better forecasts since it does not restrict any variables and is better equipped to tackle the estimation problems that plague the structural models. Theoretical Models - Purchasing Power Parity Condition (PPP) , Sticky price monetary model of Dornbusch and Frankel , Balassa- Samuelson model based on productivity differentials, uncovered interest rate parity (UIP) (2. Cheung, Yin-Wong ; Chinn, Menzie D. ; Pascaul, Antonio Garcia) Model Assumption / Determination Purchasing Power Price indices...Richard A. MEESE, Kenneth ROGOFF) These methods minimize criteria based on squared deviations; but it will be ineffective when the fluctuations in foreign exchange rates is unusual - and not as based on reasons established in various studies of fluctuations. Theoretical Models - Purchasing Power Parity Condition (PPP) , Sticky price monetary model of Dornbusch and Frankel , Balassa- Samuelson model based on productivity differentials, uncovered interest rate parity (UIP) (2. Cheung, Yin-Wong ; Chinn, Menzie D. ; Pascaul, Antonio Garcia) "Let s be the log exchange rate, m and y be log domestic money stock and output and m* and y* be log foreign money stock and output. Following Mark, the money stock variables are constructed as four quarter moving averages, to eliminate seasonality. The fundamental value of the log exchange rate predicted by the monetary model is: f1 = (m-m*)-(y-y*)" "This model states that the nominal exchange rate is determined by home-foreign differentials in the monetary fundamentals used above as well as short-term interest rates, expected inflation rates, and cumulated current account balances." There is no evidence to suggest that exchange rate forecasts obtaine
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