Economic Condition of Singapore Inflation Hits 5.2% In March

Introduction Singapore has enjoyed stable economic conditions over the past decades. However, the situation was not the norm this year, as it reported an increasing high rate of inflation. The Strait Times article on Singapore’s’ escalating inflation is an illustration of the debacle that faces the economy.Advertising We will write a custom essay sample on Economic Condition of Singapore: Inflation Hits 5.2% In March specifically for you for only $16.05 $11/page Learn More Although it can be argued that inflation is a common phenomenon in a country, its increase beyond the expected level pose a challenge in the economy. The article highlights the current inflationary situation in Singapore and provides the various perceptions of analysts and their speculated economic condition in the near future. Economic Condition of Singapore The current high levels of inflation, demonstrated by Singapore economy, as reported on March economic analysis di storts the country’s economic performance. Various factors have been attributed to the high inflation rate ranging from printing excess money, rise in labor and production costs, decline in the exchange rate, lending levels escalating to increase in taxes. The policy in Singapore has been to allow global prices to be reflected in domestic prices. For several essential foodstuffs, such as rice, the government has a rotating stockpiling programme which can act as a moderating buffer mechanism for short-term changes (Smithers, 2009). Indeed, domestically generated cost-push inflation in Singapore can take place but, given a very high foreign leakage, will largely take the form of reducing the competitive edge of Singapore’s exports and increasing the volume of its imports. So long as the balance-of-payments position continues to be in surplus, however, this deterioration in export competitiveness does not necessarily result in external depreciation of the Singapore dollar . Some of the effects of high inflation rate that has been felt in the economy are the increase of the housing prices, and cost of fuel increased by approximately 5%, thereby increasing the cost of transport in the economy. As fuel is the main determinant of the prices of most of the commodities in the economy, the foodstuffs became expensive making the life in Singapore unbearable (Keynes, 2006). The increase of money supply, particularly of the high-power variety, has plagued the country’s economic condition. Singapore normally operates a Government budget surplus, besides having a Currency Board System, whereby high-power money supply is rigidly controlled.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Imported inflation, as illustrated above, cannot be insulated through prudent monetary and fiscal policies. Ideally, Philips curve demonstrates the effect of inflation on the rate of unemployment in an economy. Where the inflation rate is high, rate of unemployment is lower. The Philips Curve denotes the effect on the rate of inflation on the employment of the individuals in the economy. As illustrated above, the current inflation rate of 5.2%, in the month of March, depicts that the unemployment rate is at its lowest as compared to that of January and February—having inflation rates of 4.8 and 4.6 percent respectively. This is attributed to the money supply in circulation in the economy. Inflation rate is normally depicted by money surplus, through printing of excess money by the government, as such enabling the companies to circulate the available surplus money in the society by providing employment to the individuals. As such, the government finds it difficult to mitigate the increase in the prices of the commodities in the economy. Therefore, the companies will have no option but to lay-off employees in order to reduce expenditures—creatin g unemployment. The table below analyzes annual unemployment rate on Singapore economy. Table: Unemployment Rate (Annual) 2006 2007 2008 2009 2010 2011 2012p Overall (%) 3.4 3.1 2.7 2.1 2.2 3.0 2.2 Resident (%) 4.4 4.1 3.6 3.0 3.2 4.3 3.1 P: Preliminary estimatesAdvertising We will write a custom essay sample on Economic Condition of Singapore: Inflation Hits 5.2% In March specifically for you for only $16.05 $11/page Learn More From the information above, there is minimal difference between the unemployment rate for the resident individuals and non-residents in the economy. Although as compared to other economies in the world, Singapore is not badly-off as its annual unemployment rate is below 5 per cent—both overall and resident’s rate. However, the current trend cannot be ignored as the increase has been rampant over the past six months (Eskesen, 2009). The Monetary Authority of Singapore will need to enact strategies that wi ll appreciate Singapore dollar in relation to other currencies. In the case where measures are not initiated, the economy will ultimately face impromptu financial impacts. As the economy relies heavily on exports to increase its revenue outlay, the balance of trade will be affected. The imports will be expensive while the exports will be cheap; thereby depicting unfavorable balance of trade in the economy. The Monetary Authority of Singapore, because of the openness of the Singapore economy and operation of the Currency Board monetary system, is very much inclined towards relying on the exchange rate as a domestic price stabilization device. However, domestic price inflation can be multi-causal (Baum Hartzell, 2012). In Singapore, there are the twin anxiety-causing phenomena of house-asset inflation and car-asset inflation. In addition, demand-pull inflation and cost-push inflation have played a key role in the current situation, in the economy. From the figure below, the Singapore ’s interest rates has been fluctuating due to changes in the economic conditions. The government did not impose stringent measures to mitigate the volatility of the interest rates over the past years. The Central Bank needs to reduce the amount that it lends to commercial banks in order to minimize money surplus in the economy. Such a strategy will ensure that the amount in circulation is minimal; thereby, enhancing appreciation of Singdollar, which ultimately reduce the inflation rate in the economy (Allen Gale, 2007).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Recommendations The government, in conjunction with Central Bank, should undertake measures that will reduce of end inflation in the economy. One of the vital issues to be undertaken is the reduction of interest rates by Central banks. This will ensure that the interest rates of commercial banks increases. In addition, the short-term measure will be to regulate exchange rates that normally fluctuate (Smithers, 2009). Consequently, having a wage and price control system will ensure that the stability in both prices and employees’ salaries are realized. Though it might necessitate a change in the budget for the Singapore’s economy, the government should provide allowances to the citizens to cater for their cost of living. This will ensure that the commodities and standard of living of the citizens are well-catered. Conclusion The article provides the clear situation that currently affects the Singapore economy. Globally, inflation has been on the rise. Singapore has been the latest victim on the imminent effects of inflation. Some of its effects have been an increase in the prices of the commodities, housing prices escalated, and the price of purchasing and maintaining Automotives also increased. However, the government can undertake strategies that will mitigate the adversity of inflation—both short-term and long-term strategies. The case enlightens the investors on the effects of their investments in Singapore’s economy. References Allen, F. Gale, D. (2007). Understanding Financial Crises, New York: Oxford University Press Baum, A. Hartzell, D. (2012). Global Property Investment: Strategies, Structures, and Decisions, London: John Wiley Sons Eskesen, L. (2009). The Role for Counter-Cyclical Fiscal policy in Singapore, New York City: McGraw Hill Keynes, J. (2006). The General Theory of Employment, Interest and Money, London: Routledge Smithers, A. (2009). Wall Street Revalued: Imperfect Markets and Inept Central Bankers, London: J ohn Wiley Sons This essay on Economic Condition of Singapore: Inflation Hits 5.2% In March was written and submitted by user Aylin M. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

A Biography of Letizia Bonaparte - Napoleons Mother

A Biography of Letizia Bonaparte - Napoleons Mother Letizia Bonaparte experienced poverty and opulent wealth thanks to the actions of her children, the most famous of whom was Napoleon Bonaparte, the twice Emperor of France. But Letizia was no mere lucky mother profiting from a childs success, she was a formidable figure who guided her family through difficult, albeit often self made, situations, and saw a son rise and fall while keeping a relatively steady head. Napoleon might have been emperor of France and Europes most feared military leader, but Letiziawas still happy to refuse to attend his coronation when she was unhappy with him! Marie-Letizia Bonaparte (nà ©e Ramolino), Madame Mà ©re de Sa Majestà © lEmpereur (1804 - 1815) Born: 24th August 1750 in Ajaccio, Corsica.Married: 2nd June 1764 in Ajaccio, CorsicaDied: 2nd February 1836 in Rome, Italy. Childhood Born in the middle of the eighteenth century, August 1750, Marie-Letizia was a member of the Ramolinos, a low ranking noble family of Italian descent whose elders had lived around Corsica - and in Letizias case, Ajaccio - for several centuries. Letizias father died when she was five and her mother Angela remarried a few years later to Franà §ois Fesch, a captain from the Ajaccio garrison which Letizias father had once commanded. Throughout this period Letizia received no education beyond the domestic. Marriage The next phase of Letizias life began on June 2nd 1764 when she married Carlo Buonaparte, the son of a local family with similar social rank and Italian descent; Carlo was eighteen, Letizia fourteen. Although some myths claim otherwise, the couple certainly didnt elope on a lovesick whim and, although some of the Ramolinos objected, neither family was overtly against the marriage; indeed, most historians agree that the match was a sound, largely economic, agreement which left the couple financially secure, although far from rich. Letizia soon bore two children, one before the end of 1765 and another under ten months later, but neither lived for long. Her next child was born on July 7th 1768, and this son survived: he was named Joseph. Overall, Letizia gave birth to thirteen children, but only eight of those made it past infancy. On The Front Line One source of family income was Carlos work for Pasquale Paoli, a Corsican patriot and revolutionary leader. When French armies landed in Corsica during 1768 Paolis forces fought an, initially successful, war against them and, in early 1769, Letizia accompanied Carlo to the front line - at her own behest - despite her fourth pregnancy. However, the Corsican forces were crushed at the battle of Ponte Novo and Letizia was forced to flee back to Ajaccio through mountains. The incident is worth noting, for shortly after her return Letizia gave birth to her second surviving son, Napoleon; his embryonic presence at the battle remains part of his legend. Household Letizia remained in Ajaccio for the next decade, bearing six more children who survived into adulthood - Lucien in 1775, Elisa in 1777, Louis in 1778, Pauline in 1780, Caroline in 1782 and finally Jerome in 1784. Much of Letizias time was spent caring for those children who remained at home - Joseph and Napoleon departed for schooling in France during 1779 - and organising the Casa Buonaparte, her home. By all accounts Letizia was a stern mother prepared to whip her offspring, but she was also caring and ran her household to the benefit of all. Affair with Comte de Marbeuf During the late 1770s Letizia began an affair with the Comte de Marbeuf, Corsicas French military governor and a friend of Carlos. Although there is no direct evidence, and despite the attempts of some historians to argue otherwise, the circumstances make it quite clear that Letizia and Marbeuf were lovers at some point during the period 1776 to 1784, when the latter married an eighteen year girl and began to distance himself from the, now 34 year old, Letizia. Marbeuf may have fathered one of the Buonaparte children, but commentators who claim he was Napoleons father are without any foundation. Fluctuating Wealth / Flight to France Carlo died on February 24th 1785. For the next few years Letizia managed to keep her family together, despite numerous sons and daughters scattered across France in education and training, by running a thrifty household and persuading notoriously ungenerous relatives to part with money. This was the start of a series of financial troughs and peaks for Letizia: in 1791 she inherited large sums from Archdeacon Lucien, a man who had lived on the floor above her in the Casa Buonaparte. This windfall enabled her to relax her grip on household tasks and enjoy herself, but it also enabled her son Napoleon to enjoy quick promotion and enter into the turmoil of Corsican politics. After turning against Paoli Napoleon suffered defeat, forcing his family to flee for the French mainland in 1793. By the end of that year Letizia was lodged in two small rooms at Marseilles, relying on a soup kitchen for food. This sudden income and loss would, you can speculate, colour her views when the family rose to great heights under the Napoleonic empire and fell from them with equally spectacular speed. Rise of Napoleon Having plunged his family into poverty, Napoleon soon saved them from it: heroic success in Paris brought him promotion to the Army of the Interior and considerable wealth, 60,000 francs of which went to Letizia, enabling her to move into one of Marseilles best homes. From then until 1814 Letizia received ever greater riches from her son, especially after his triumphant Italian campaign of 1796-7. This lined the elder Bonaparte brothers pockets with considerable riches and caused the Paolistas to be expelled from Corsica; Letizia was thus able to return to the Casa Buonaparte, which she renovated with a massive compensatory grant from the French government. The Wars of the 1st / 2nd / 3rd / 4th / 5th / 1812 / 6th Coalition Mother of the Emperor of France Now a woman of great wealth and considerable esteem, Letizia still attempted to control her children, remaining able to praise and chastise them even as they became kings, princes and emperors. Indeed, Letizia was keen that each should benefit equally from the Bonapartes success, and each time he bestowed an award on one sibling Letizia urged him to restore the equilibrium with awards to the others. In an imperial story full of wealth, battles and conquest, there is something warming about the presence of the imperial mother still making sure the siblings divided things equally, even if these were regions and people had died to gain them. Letizia did more than simply organise her family, for she acted as unofficial governor of Corsica - commentators have suggested that nothing major occurred without her approval - and oversaw the Imperial Charities. Snubbing Napoleon However, Napoleons fame and wealth was no guarantee of his mothers favour. Immediately after his imperial accession Napoleon granted titles to his family, including that of Prince of the Empire for Joseph and Louis. However, Letizia was so chagrined at hers - Madame Mà ¨re de Sa Majestà © lEmpereur (or Madame Mà ¨re, Madam Mother) - that she boycotted the coronation. The title may well have been a deliberate slight from son to mother over family arguments and the Emperor tried to make amends a year later, in 1805, by giving Letizia a country home with over 200 courtiers, high-ranking servants and vast sums of money. Madame Mre This episode reveals another side of Letizia: she was certainly careful with her own money, but willing to spend that of her children and patrons. Unimpressed with the first property - a wing of the Grand Trianon - she had Napoleon move her into a large seventeenth century chateau, despite complaining at the opulence of it all. Letizia was exhibiting more than an innate miserlyness, or using the lessons learnt from coping with her free-spending husband, for she was preparing for the potential collapse of Napoleons empire: My son has a fine position, said Letizia, but it may not continue for ever. Who knows whether all these kings wont some day come to me begging for bread? (Napoleons Family, Seward, pg 103.) Refuge in Rome Circumstances did indeed change. In 1814 Napoleons enemies seized Paris, forcing him into abdication and exile on Elba; as the Empire fell, so his siblings fell with him, losing their thrones, titles and parts of their wealth. Nevertheless, the conditions of Napoleons abdication guaranteed Madame Mà ¨re 300,000 francs a year; throughout the crises Letizia acted with stoicism and gentle bravery, never rushing from her enemies and marshalling her errant children as best she could. She initially traveled to Italy with her half brother Fesch, the latter gaining an audience with Pope Pius VII during which the pair were granted refuge in Rome. Letizia also exhibited her head for sensible finances by liquidating her French property before it was taken from her. Still showing parental concern, Letizia traveled to stay with Napoleon before urging him to embark on the adventure which became the Hundred Days, a period when Napoleon regained the Imperial Crown, hurriedly re-organised France and fought the most famous battle in European History, Waterloo. Of course, he was defeated and exiled to distant St. Helena. Having traveled back to France with her son Letizia was soon thrown out; she accepted the protection of the Pope and Rome remained her home. Post Imperial Life Her son may have fallen from power, but Letizia and Fesch had invested considerable sums during the days of Empire, leaving them wealthy and ensconced in luxury: she brought the Palazza Rinuccini in 1818 and installed within it a large number of staff. Letizia also remained active in her familys affairs, interviewing, hiring and shipping staff out to Napoleon and writing letters to secure his release. Nevertheless, her life now became tinged with tragedy as several of her children died young: Elisa in 1820, Napoleon in 1821 and Pauline in 1825. After Elisas death Letizia only ever wore black, and she became increasingly devout. Having lost all her teeth earlier in life Madame Mere now lost her sight, living many of her final years blind. Death / Conclusion Letizia Bonaparte died, still under the protection of the Pope, in Rome on February 2nd 1836. An often dominant mother, Madame Mà ¨re was a pragmatic and careful woman who combined an ability to enjoy luxury without guilt, but to also plan ahead and live without exorbitance. She remained Corsican in thought and word, preferring to speak Italian instead of French, a language which, despite almost two decades living in the country, she spoke poorly and could not write. Despite the hatred and bitterness aimed at her son Letizia remained a surprisingly popular figure, probably because she lacked the eccentricities and ambitions of her children. In 1851 Letizias body was returned and buried in her native Ajaccio. That she is a footnote in the history of Napoleon is an enduring shame, as she is an interesting character in her own right, especially as, centuries later, it is often the Bonapartes who resisted the heights of grandeur and folly who endear. Notable Family:Husband: Carlo Buonaparte (1746 - 1785)Children: Joseph Bonaparte, originally Giuseppe Buonaparte (1768 - 1844)Napoleon Bonaparte, originally Napoleone Buonaparte (1769 - 1821)Lucien Bonaparte, originally Luciano Buonaparte (1775 - 1840)Elisa Bacciochi, nà ©e Maria Anna Buonaparte/Bonaparte (1777 - 1820)Louis Bonaparte, originally Luigi Buonaparte (1778 - 1846)Pauline Borghese, nà ©e Maria Paola/Paoletta Buonaparte/Bonaparte (1780 - 1825)Caroline Murat, nà ©e Maria Annunziata Buonaparte/Bonaparte (1782 - 1839)Jà ©rà ´me Bonaparte, originally Girolamo Buonaparte (1784 - 1860)

ETB Paper and Activity 3 and 4 Essay Example | Topics and Well Written Essays - 1250 words

ETB Paper and Activity 3 and 4 - Essay Example 2. The profile result is a good illustration of my work-related interests. The top 3 interests show what exactly what I look for in a job. I’m habitual of focusing on doing things nicely and completely, rather than messing it up for the sake of creating something new or extraordinary. The investigative interest is also what fanaticizes me, and I would love to adopt a profession, which requires investigative and analytical tasks. Enterprising is another interest, close to my personality. It is because of my interest in drawing innovative ideas and strategies for businesses or projects and the potential of leading a group of people to a desired goal. 3. The occupational matches of my interest are of sales and marketing. I find these occupations interesting as they offer room to potential ideas and investigating public behaviour. The occupation of marketing covers all the basic interests I look for in a work or occupation. That includes a conventional working environment, where w inning the trust of customers is the key element. Moreover in the marketing field, innovation and enterprising are always valued and serve as essentials of one’s recognition and success in this occupation (Ehret and Galanakis). Activity 4: e-Learning Business Skills Demos (Being an Effective Team Member) 1. The course being selected for this activity is â€Å"Being an Effective Team Member†. This course draws a nice outline of elements required in forming a stronger and productive team. The learning environment serves as a powerful tool in understanding the benefits of working in a team and prioritizing team’s interest over self interests. Another positive feature that this course offers to its participants is the knowledge of different behaviours that commonly exists in any team and how to deal with those effectively (skill Soft). One negative feature of this learning environment is that, it does not cover the hidden problems of mistrust, free loaders and polit ical activities among team members. These are areas that affect the productivity and willingness of a person to work in a team, or to put additional efforts (skill Soft). 2. Some of the major learning outcomes of this course include motivation and zest of an every team player, to work as a unit. The course focuses on the concept that, for a team to be productive, each of its members should be motivated and feel good about the team he or she is associated with (Dettmann). To achieve this outcome, this online medium of learning can prove beneficial as it uses practical and real life scenarios, to build a sound understanding about the topic. Examples and activities for team building and working proactively, can be taught nicely in this method of learning, by providing a cluster of theories and examples (skill Soft). 3. Online learning is not a recent method of studying, but was introduced many years back. Tough we can see that the awareness about e-learning has grown substantially over the years, but still its usage is limited to a group of people. This is because its benefits and adaptability varies with the type of people and their professions (Tellefsen). A particularly essential element in e-learning is computer literacy and accessibility, and those who do not have knowledge or access to computer, cannot adopt this medium for learning. However, there are several types of people, which have switched from the conventional method of studying to

The Hippies and Their Impact On Society Research Paper

The Hippies and Their Impact On Society - Research Paper Example Francis of Assisi, Gandhi, Aldous Huxley, and even J.R.R. Tolkien.2 The first signs of modern â€Å"proto-hippies† developed in Europe in the late 19th and early 20th centuries, most notably in Germany with a countercultural youth movement called Der Wandervogel (â€Å"migratory bird†).3 Like Wandervogel, the hippie movement in the United States began as a youth movement, consisting of white teenagers and young adults between 15 and 25 years old. The word â€Å"hippie† probably derives from the word â€Å"hip.† The term â€Å"hipster† was created by jazz musician Harry Gibson in 1940, in his stage name â€Å"Harry the Hipster.† During the 40s and 50s, â€Å"hipster† was used to describe jazz musicians; in 1945, Gibson was called a â€Å"hippie† during a radio show, but it was probably a derivation of Gibson’s stage name. The term was used by journalists in the mid-1960s to refer to a new group of beatniks in San Francisco . The New York Times, for example, changed the spelling from â€Å"hippy,† which described a kind of fashion, to â€Å"hippie.† Hippies also have roots in the beatniks, a group of post-WWII writers, including Alan Ginsberg and Jack Kerouac, who inspired what came to be called the Beat Generation. Central to the beatniks was experimentation with drugs and alternative forms of sexuality, an interest in Eastern religion, a rejection of materialism, non-conformity, and spontaneous creativity. As the beatnik movement expanded, it moved from New York City to San Francisco, where it was incorporated into the hippie movement. Hippie culture spread throughout the world through rock music, folk, blues, and psychedelic rock, as well as through literature, drama, fashion, film, rock concert posters, and album covers. By 1968, hippies in the U.S. had become a significant minority, accounting for almost 0.2% of the population. The hippie movement, along with the New Left and Civil Rights, can best be understood as a dissenting group of the 1960s counterculture. Its members rejected established institutions, criticized middle class values, and opposed nuclear weapons and the Vietnam War. Hippies adopted some parts of Eastern philosophy, championed sexual freedom, used psychedelic drugs like LSD to expand their consciousness, were often vegetarians, embraced the beginnings of the environmental movement, and created communes. They expressed their culture through performance theater, a rt, folk music, and psychedelic rock. They supported an ideology that included peace, love, and personal freedom that was best expressed by the song â€Å"All You Need is Love† by The Beatles, whom many hippies embraced as spokesman of their ideals. Like the Beats, hippies rejected much of mainstream society, but unlike the Beat, they wanted to change society by expressing their ideology and through modeling different ways of behaving.4 The peak of the hippie movement occurred in 1967 in San Francisco. Young people converged to the city, first during the outdoor Human Be-in in January, when 20,000 hippies gathered in Golden Gate Park, to the Monterey Pop Festival in June, which marked the beginning of â€Å"the Summer of Love.† Young people from all over the world were inspired to come to San Francisco, especially the Haight-Asbury

Curriculum Development for Inclusive Practice Essay

Curriculum Development for Inclusive Practice - Essay Example In this manner, the course meets the needs of the learners who do not want to reveal impairment and will help them in engaging in education to their full potential. There are different aspects that can influence access to curriculum and the real design of the curriculum. In my subject areas of mathematics and edexcel, mathematics is common since it is practical while edexcel is theoretical. In order to ensure that all learners engage in the learning process curriculum fall into particular model because it is the role of the teacher to ensure that students fully understand the content before asking them questions. This is because if the students might have not understood the lesson, it may be frustrating for both the teacher and the students, when the students fail to answer the questions asked during the lesson. It is also important for the students to understand the criteria against which their work is tested. As much as students should understand the criteria of assessment, the met hod of looking into each other’s scripts is however contradictory. This is because exchanging of scripts might lead to discouragement of the poorly performing students. An efficient method that could be used is the training and educating of the students on the criteria used (Gillborn & Mirza, 2000). The criteria of assessment can be shown to students by letting them know in advance, the content of the assessment. This can give them time to prepare and thus help them in understanding and improving their scores. This can also be achieved by choosing effective assessment tools that are precise and that measure the actual content learned. The tools can be comprehensive and give students details of what is required from the assessment. Through such tools, teachers can practice multiple measures, which can help them have a better understanding of the students (Gould & Lahiff, 2000). For instance, when teaching functional skills mathematics within different pathways, GSE and stage 3 students could earn marks equivalent to an additional half a GSE each. Conservative curriculum ideologies In the conservative perception, the school is a replica of cultural attitudes and values. It is seen as an institution of transmitting the cultural values and norms from one generation to the other, thus maintaining and preserving the cultural heritage for future generations. In addition, the school also helps other institutions by spotting or identifying future leaders and offering the education necessary to its destiny as a leadership cluster or group. The conservative curriculum aids to transmit the societal culture to all people and offer relevant education to the different groups in society. It incorporates the accepted general skills such as writing, arithmetic and reading found in learning institutions (Middlewood & Burton, 2005). Additionally, loyalty to the societal membership is established by the application of literature to demonstrate important cultural themes. For conservatives, history needs to be incorporated in the curriculum because it offers perspective into the evolution of the culture and its values or norms. Music and fine arts are also applied to expose learners to the cultural values. Prescribed and defined cultural norms and values are utilized to influence and shape character or behavior to follow the

The Scope Of Materials Management Construction Essay

The Scope Of Materials Management Construction Essay Site material management is a scientific technique. Materials Management is the process of planning, implementation and control of field and office activities in construction. The materials management goal is to ensure that building materials in their perspective when you need to.Materials management system attempts to ensure that the correct quality and quantity of material is appropriate, purchase, delivery and on-site processing in a timely manner and at a reasonable cost.Materials management system attempts to ensure that the correct quality and quantity of material is appropriate select , purchase, delivery and on-site processing in a timely manner and at a reasonable cost.So Materials management is an important element of project management. The material shows a major cost in the construction, thus reducing procurement costs to improve the opportunity to reduce the cost of the entire project. Construction projects, building materials fees accounted for 60 to 70% of the project cost. A reasonably organized planning, supply and use of building materials, construction materials from the production companies enter a construction according to the variety, quantity, quality, duration, reducing the transfer of part ofprevent the backlog of waste, shorten the construction period, accelerate the construction speed, reduce the cost of the project is important. 2.1 Scope of Materials Management It was referring to the various functions of materials management of the materials management coordination of various departments of manufacturing enterprises. Once the material procurement and brought by the organization, its value continues to increase other costs of materials required for the sorting, carrying materials in inventory, maintenance and management costs must be allocated to the cost of materials before entering into a product or converted to other form. In order to save the cost of all the materials management company has taken a clear method to determine the amount of material is ordered, the number is stored as inventory and in-process inventory. In order to reduce the cost of materials and other costs, there must be effective and efficient management of materials technology, it must be dynamically adjusted with changes in demand and production. Materials management efforts to ensure that the material cost component of the total product cost is the least. To achieve this goal, the control is in the exercise of the following fields. 1. Materials Planning. 2. Purchasing. 3. Store Keeping. 4. Inventory Control. 5. Receiving, Inspection and Despatching. 6. Value Analysis, Standardization and Variety Reduction. 7. Materials Handling Traffic. 8. Disposal of Scrap and Surplus, Material Preservation. The function of the planning department of the material for future plans to purchase the required materials according to the production plan. In materials planning, budget allocation will also be critical to the materials research progress, for better control. Materials planning, procurement must be done. Purchasing department to purchase materials based on purchase requisitions from user departments and store departments and production plan for the year. There are four basic procurement activities. a) Selecting suppliers, negotiating, and the issue of the purchase order. b) to hasten the delivery of the goods from the supplier. c) as a liaison between the suppliers and other companies. d) looking for new products, materials, and suppliers can help company objectivity. At the time of purchase, the right quantity and quality of the materials must be purchased on time, the lowest price and choose effective procurement system, and draw maximum benefits. The procurement is based on the make or buy decision, and also using PERT / CPM effectively. When the project is the purchase of goods, must provide adequate storage facilities, so the waste is minimized. Sometimes, to be doubly careful in order to protect the quality during storage. Of these tariffs inventory control department to decide on the type of sorting system, to solve the safety stock limit fixing up the reorder levels and maximum / minimum inventory levels. Responsible for receiving, inspection and shipping department receives material suppliers delivered. In receipt of it, the quantity and quality must be checked. Production of parts and materials specification blueprints and inspection. Non-production items were reviewed. Once it is given according to the specification, the goods will be accepted. Value analysis and standardized to provide maximum range, reducing the cost of materials. It also reduces the range of varieties, but also to help find alternatives to lower-cost materials. Material handling part responsible for the transport of materials in different departments. There are four basic transport activities. Choose the ordinary or chartered carriers and routings to send / shipment requirements Tracing in-bound shipments of material in short supply as requested by production control or purchasing, To assist customers in tracking outbound shipments when asked. audit invoices refund excess charges from operators and application needed for damaged shipments. Development of technology to reduce transportation costs. This may include negotiating with competition the shipper, special study, the position of the dominant plants of the latest products, analysis of the tariff, and negotiations of any number of special arrangements to deal with specific traffic. activities including trading of finished packaging, labeling, and loading the final product. Finally, the processing of waste and surplus must be done to release the capital locked in those projects on a regular basis. 2.2 Objectives and Functions of Materials Management Primary objectives Which can be classified as: (i) Efficient materials planning (ii) Buying or Purchasing (iii) Procuring and receiving (iv) Storing and inventory control (v) Supply and distribution of materials (vi) Quality assurance Secondary objectives there can be several secondary objectives of materials management. Some of them are given below: (i) Efficient production scheduling (ii) To take make or buy decisions (iii) Prepare specifications and standization of materials (iv) To assist in product design and development (v) Forecasting demand and quantity of materials requirements (vi) Quality control of materials purchased (vii) Material handling (viii) Use of value analysis and value engineering (ix) Developing skills of workers in materials management (x) Smooth flow of materials in and out of the organization Achieve all these goals, it is necessary to establish harmony and good coordination between all employees of the materials management department. 2.3 Components of material management 2.3.1 Material supply and management Through market research, and look for the qualified materials The scope of inspections, investigations should first production and management vendors. One is the audit inspection material production and operation of the main body of all kinds of production and operation procedure is a complete range; The second is on-the-spot investigation enterprise production scale, management concept, sales and after-sales service, etc; The third is mainly studies the enterprise of quality control system, whether it has national and industry product quality authentication, material quality in the similar products is to belong to the general, intermediate or high-grade, etc. Another study visits range is building industry. Through the understanding of the building industry, information obtained a more accurate, more careful, more comprehensive. Generally speaking, really good quality materials will get architectural recognition, inferior quality of materials will be people spit on. By understanding building industry, can be more accurately master the material manufacturer enterprise reputation, product quality, price condition, the post-sale service, etc. The material the approach test Acceptance warehousing must ask the supplier of building materials security record to prove. The material inspection units must have the appropriate testing facilities and capabilities. Materials management in the construction process The central task is to check the use of the materials management process to ensure the quality of the material entering the construction safekeeping of materials approach, strict, reasonable use of a variety of materials, reduce consumption, to ensure the realization of the management objectives. 2.3.2The price of materials management 1. Control of the market, reduce the price of materials Control of the market, the market price is the extensive collection of materials. Material price information-gathering process, price information collection is in the building materials market, the material origin, the course of the investigation. The acquisition price information must be appropriate to the actual situation of the market to reflect the general level of prices of materials. Investigation and collection of price information for engineering materials, covers a wide range, heavy workload, is a complex information system. 2.Make full use of the market, reasonable arrangements for transportation Freight expenditures are important factors that constitute material procurement costs, save on shipping costs, reduce material procurement costs. Therefore, to consider the following aspects should consider the problems of the transport distance transportation cost savings: material when ordering. In the case of material quality, performance can meet the material procurement program, and almost equal to the price of materials, it should go to the nearest location away from the construction site procurement; material as a transport in place, to reduce secondary unlucky and handling costs. Take reasonable mode of procurement Doing so supply, storage, integration, reducing both parties arguing back and forth; owner can reduce material prices, reduce the project cost; course reasonable supply mode according to specific circumstances. 2.3.3 Material storage issue management Specifically the Treasury, proper storage. Identified clearly, classified storage In addition to the release of the material, whether by the Ministry branch or the issuance of project department warehouse supplies, should implement the principle of first-in, first-out project materials consumed should be read in conjunction with the segment and sub-project accounting, strict implementation of quota / fixed picking system must be opened by the project construction personnel before construction sign limits pick lists limit pick lists must fill part requirements essential items. Valuables and a larger amount of items, multiple payment based on usage, with picking small ticket points. Easily damaged goods, the material need for more detailed experience exchange members issued by the recipients of the two sides to sign off on the certificate. Material need generated from site Material ordered in the store Indents is generated Check availability in the store Check for the balance items Vendor selection from the approved list of vendors from the client Material inspection from the received stock Rejection of the unacceptable stock Issue of material to the concerned department Fig.1 process of material management Sources: National Conference on Recent Trends in Engineering Technology 2.4 Benefit of Materials Management Materials management to create a niche in many organizations, which have achieved a comprehensive materials management. These organizations often enjoy the following advantages: The better accountability part of the material, as well as other departments and no one can blame others. As materials management by a single authority, which can lead to better coordination, because it became the central point of any substance-related problems. Materials management departments to ensure a better quality materials provide a request in a timely fashion department. This can lead to a better performance of the organization. A materials management system is usually controlled through a system, therefore, can help decision-making related to the material in the organization. An indirect use of materials management is the development of good quality material, ethical and moral standards in an organization. Comment and evaluate the existing site layout relation to the positioning of the material on the construction site and identify possibles Construction site materials should be placed according to the requirements of safe and civilized construction program to be trimmed and decorated. Temporary construction water, electricity, roads, completed construction requirements of the standard. For field use reasonable construction plane layout should be structured to minimize occupied by construction land, the layout is compact and reasonable, and at the same time do field capacity neat and clean, the roads are wider, in line with the requirements of fire safety and civilized construction. The construction process to avoid multiple trades in the same venue, the same area for construction and mutual restraint, mutual interference. à ¢- ª Keep work areas free from rubbish and obstructions à ¢- ª Maintain all floor surfaces safe, suitable and free from slip or trip hazards à ¢- ª Ensure floor openings covered or otherwise fenced off à ¢- ªMaterials are properly stacked and stored safely Keep all passageways in good conditions à ¢- ª Unobstructed and clearly defined à ¢- ª Provide adequate lighting à ¢- ª Ensure clear sightline at breaks and corners Stacking of all materials: à ¢- ª Ensure the proper heights and correct stacking à ¢- ª Allow sufficient space for moving stock à ¢- ª Store materials in racks/bins à ¢- ª Keep shelves free of rubbish à ¢- ª Keep floors around stacks and racks clear à ¢- ª Check drums and ensure pallets in good repair à ¢- ª Heavier items stored low and without danger of falling objects à ¢- ª Avoid sharp edges and provide safe means of accessing high shelves Site manager may face the following problems: Construction site temporary building (office) located in work area and near the waste materials faced with many unsafe factors and noise pollution. The area of construction waste, stored waste can not be transported out of the site.such as all solvent waste, oily rags, and flammable liquids,Scrap wood or chips, saw dust waste, and paper bags or cartons. If you accidentally cause a fire, then there will be heavy casualties. Most construction workers are exposed to excessive construction noise. One can get tinnitus, a ringing sound in the ears, or a temporary loss of hearing. Exposure to longer period can cause tiredness and nervousness. Concrete batching plant away from the material stores. It should be set in a near vertical transport machinery, as much as possible to reduce the concrete, mortar horizontal transport distance. Reduce transportation costs and save time. Store setting Concrete store should choose the higher ground, drainage, close to the batching plant. Inflammable and explosive materials shall not be mixed with other material. Inflammable and explosive materials warehouse layout should comply with the fire and explosion safety distance requirements. Proposed new site layout to improve the existing site layout mess hall temporary building (office) Workers Dormitory toilet Water Supply Site Entrance Double storey terrace Semi-detached houses Power supply Site exit Timber store Reinforcement Steel store Scaffold store Cement store Concrete batching plant Material store Waste material Suggestion/recommendation that will give strong impact on the material management process in the future based on the case study Responsibilities: Provide guidance, interpretation and direction to Major Projects staff regarding the Major Projects Procurement material standards and procedures. Assist in Procurement orientations and on-boarding of Major Projects staff. Review and provide improvement recommendations for Project Procurement Strategies and Plans. Lead the development, implementation and management of policies, procedures and templates supporting the continuous improvement of material management within Major Projects. Collaborate with Business Unit Procurement, Project Controls, Accounting, Construction, Engineering and Project Execution personnel to accurately understand capabilities in terms of systems and processes. Outline material management procedures through the development of process flow maps. Prepare draft and final assessment reports of material management findings. First, the general requirements 1. Stacking of construction material should be based on the amount of size, duration, supply and transportation determine dosage, use a long time, supply transportation is convenient, it should be phased in. approach to reduce the yard and warehouse space; 2. Construction site of a variety of tools, components, materials piling must be placed in accordance with the provisions of the position of the planar four Figure; 3. Position should select appropriate, easy to transport and handling, minimize secondary transportation; 4. Higher ground, solid, flat, backfill compaction in layers, have drainage measures to comply with the requirements of safety, fire; 5. Should be stacked according to the varieties, specifications, and set up the obvious signs to indicate the name, specification and origin; 6. Various material items must be stacked neatly.   Second, the main material semi stacked 1. Large tools, should one side alignment put; 2. Reinforced should be neatly stacked, square wooden paving should not be placed in a wet and exposed to rain shower; 3. Brick should be small code into the stack, are not allowed to ultra-high from trench not less than 0.5m, to prevent collapse; 4. The sand piled cube, stones should be different diameter sizes are stacked into a cube; 5. Various templates should be stacked neatly classified according to specifications, the ground should be flat solid, stack height generally should not be the ultra-high 1.6m; the large template stored specifically designed to save shelf should be placed two large template should be used for face-to-face storage when stored floor construction, shall meet the homeostatic angle and reliable anti-dumping measures; 6. Concrete component stacking space should be solid, smooth, specifications, models stacked skids position to be correct, to be up and down to align the the multilayer components of skids, the pile position are not allowed to ultra-high; the concrete blocking plate should be established insertion of frame interpolation put frame to be welded or lashing firmly to prevent collapse. Conclusion Construction site materials management is one of the important link. To strengthen the management of the site layout, according to the different construction stages, materials and supplies changes, design changes, and adjust the position of the stockyard site in a timely manner, and keep the roads open, reducing the second out of luck. Strict accordance with the arrangement of stacked material with a flat-screen piles into the line, always clean up debris and garbage, and maintain the site, roads, tools and containers clean. The construction site must be carried out by the allied materials on-site materials management, material must pass the examination certificates; member of the staff of the material running configuration to enable the production and management of working prevail. Materials management for the enterprise has an extremely important significance.In a certain period of time, material resources and funds are always wired, good materials science management can promote cost reduction.Which time the minimum material consumption, to the maximum economic benefits.

Why the United States dropped the Atomic Bomb :: American America History

Why the United States dropped the Atomic Bomb The atomic bomb is the subject of much controversy. Since its first detonation in 1945, the entire world has heard the aftershocks of that blast. Issues concerning Nuclear Weapons sparked the Cold War. We also have the atomic bomb to thank for our relative peace in this time due to the fear of Mutually Assured Destruction (MAD). The effects of the atomic bomb might not have been the exact effects that the United States was looking for when they dropped Little Boy and Fat Man on Hiroshima and Nagasaki respectively (Grant, 1998). The original desire of the United States government when they dropped Little Boy and Fat Man on Hiroshima and Nagasaki was not, in fact, the one more commonly known: that the two nuclear devices dropped upon Hiroshima and Nagasaki were detonated with the intention of bringing an end to the war with Japan, but instead to intimidate the Soviet Union. The fact of Japan's imminent defeat, the undeniable truth that relations with Russia were deteriorating, and comp etition for the division of Europe prove this without question. Admittedly, dropping the atomic bomb was a major factor in Japan's decision to accept the terms laid out at the Potsdam agreement otherwise known as unconditional surrender. The fact must be pointed out, however, that Japan had already been virtually defeated. (McInnis, 1945) Though the public did not know this, the allies, in fact, did. Through spies, they had learned that both Japan's foreign minister, Shigenori Togo and Emperor Hirohito both supported an end to the war (Grant, 1998). Even if they believed such reports to be false or inaccurate, the leaders of the United States also knew Japan's situation to be hopeless. Their casualties in defending the doomed island of Okinawa were a staggering 110,000 and the naval blockade which the allies had enforced whittled trade down to almost nothing. Japan was quickly on the path to destruction. (Grant, 1998). Of course, the Allies ignored this for the reason that dropping the atomic bomb on the Japanese cities of Hiroshima and Nagasaki would intimidate Russia. Had they truly been considering saving more lives and bringing a quick end to the war in Japan, they would have simply waited them out without the major loss of life seen at both Hiroshima and Nagasaki. At the Yalta conference, Franklin Delano Roosevelt asked Josef Stalin for Russian support in the war with Japan.

Procedures regarding handling medication Essay

10.1 Describe the main points of agreed procedures bout handling medication 10.2 Identify who is responsible for medication in a social care setting. 10.3 Explain why medication must only be handles following specialist training 10.1 Describe the main points of agreed procedures about handling medication In the adult social care setting it is vital that when handling medications are involved, service providers must follow the organisational policies and procedures to the letter, as this is keeping in line with the law. It is important to acknowledge and be aware of your own limitations when it comes to handling medications; this ensures the safety of the service provider, service users and to others. When following the policies and procedures it is necessary to receive the appropriate level of training associated with handling medications this includes: storing, ordering, receiving, administration, the recording and the disposal of medication. It is vital that training is kept up to date on a regular basis in case of any changes in legislation or policies and procedures. It is also vital to only do what you are trained for and deemed competent to do so, working in line with the codes of conduct. In addition if there were any unsafe practices; for example, if a person asks you to distribute medication without training, then it is a must to report those unsafe practices to the manager immediately. Read more: Essay About  Administer Medication to Individuals and Monitor the Effects When dealing with the storage of medications it is vital to ensure that all organisational policies and procedures are followed. All medications should be stored under COSHH Regulations 2002; this is keeping in line with the law. It is important that medications should also be stored according to manufactures instructions in their original boxes and bottles with the tops on correctly, bottles are to be stored upright and clean from stickiness associated with medicines. Medications should be stored correctly in a locked cupboard, trolley or medicine fridge, with only the trained authorised personnel having access to the medications. It is important that trained authorised staff are aware of stock control, as too much medications can result in errors and that they have a used by date. If a service user wanted to self-medicate then they are to be given a locked cupboard or  drawer with their own key. This is only to be done following a risk assessment been completed prior to the agree ment. When dealing with the ordering of medications, all organisational policies and procedures must be followed when ordering them. The care home will have a 28 day cycle, as this helps to reduce the service user not having enough medication. Reordering medications begins on 14th day of the cycle so that time is given between prescriptions been requested and written, the prescription been checked then given to the pharmacist, then dispensed and double checked prior to giving them to the service user. It is also good practice to keep a copy of what has been ordered. Another good practice is to always keep good stock control, this means checking the stock before ordering to prevent over stocking, waste or error. If there is too much stock there is more of a chance that an error can be made because giving out of date medications could be harmful to the service user. When receiving medications, it is vital that it is checked. Medications need to be checked to see that it has the correct service user name on the label and the prescription. It also has to be checked that the quantity, strength and the form (e.g. tablet , medicine or capsule) are the same. The received medication needs to be checked against the prescription to ensure that it is a match. All medications has to be well documented keeping in line with policies and procedures. When the administration of medication is required it is an essential practice to be fully trained to the required level and be fully competent in this area, following all organisational policies and procedures. It is a must to gain the consent of the service user before administering any medication. It may also be necessary to use PPE as appropriate for example using gloves before apply lotions and creams to a service user. Before any medications are administered; it is essential to ensure that the right medications, right quantity, right form are administered to the right person and at the right time of day. It is vital that the trolley and medications are never left unattended, as anyone could come along and take medication from the trolley which could do serious harm to themselves or to others. When dealing with all aspects of handling medication it is essential that everything is recorded following the organisational policies and procedures. In the care setting is essential practice to have a Medication Administration Record (MAR) for each  individual service user which give details of which medicines are prescribed for the service user, when they must be given, what the dose, strength and form is as well as any special information, such as giving the medicines with food. The service provider must have a record of medicines currently prescribed for that person. These should be signed when they are given as individual doses or full packs if the person self-administers. It is also important to keep a record when a prescribed medicine has not been given, e.g. due to the service user’s refusal. The MAR can be a very useful tool for the Service provider to use to keep track of medicines that are not ordered every month but only taken occasionally. The service provider should use the MAR to record medicines carried over onto a new chart. The MAR should also be used to record when non-prescribed medicines are given, for example a paracetamol for a headache. When administering medications it is important to also record the information on to the service user’s personal care plan. When the need to dispose of medications arises it is vital that all policies and procedures are adhered to, as well as the manufactures instructions. Care home providers should keep records of medicines that have been disposed of, or are waiting for disposal. Medicines for disposal should be stored securely in a tamper-proof container within a cupboard until they are collected by an authorised waste management company or taken to the pharmacy for them to dispose of. 10.2 Identify who is responsible for medication in a social care setting. In the adult social care setting there are many people who need to understand their roles and responsibilities of those involved in supporting the use of medication. The most important person is the service user, as it is with their agreement that the service provider can administer their medication. The other people who are involved and are responsible are the service providers who are fully trained to the appropriate level and are competent in their job role to handle and administer medications. The Manager is also responsible for medication and providing the appropriate training for care workers in a social care setting. The Pharmacist also plays apart in the responsibility for medication, as it is their job to provide the correct medication that is been prescribed by the Doctor. 10.3 Explain why medication must be handled following specialist training. All medication must be handled following specialist training as it is in keeping with legislation and organisational policies and procedures. It also ensures that medications are administered correctly and safely to the right individual. By having the specialist training needed, the service providers concerned will know how to order, receive, store, administer, record and dispose of medication correctly. This protects the service users and themselves from any errors being made which could lead to an allergic reaction, if given to the wrong service provider, or an accidental overdose; which could prove fatal. Failing to have specialist training or allowing a person who hasn’t received this training is in breach of the law and could lead to disciplinary action which could lead to legal action.

Computer Crime Essays - Hacker, Phreaking, Hacking, Free Essays

Computer Crime Essays - Hacker, Phreaking, Hacking, Free Essays Computer Crime Computer Crime It's the weekend, you have nothing to do so you decide to play around on your computer. You turn it on and then start up, you start calling people with your modem, connecting to another world, with people just like you at a button press away. This is all fine but what happens when you start getting into other peoples computer files. Then it becomes a crime, but what is a computer crime really, obviously it involves the use of a computer but what are these crimes. Well they are: Hacking, Phreaking, & Software Piracy. To begin I will start with Hacking, what is hacking. Hacking is basically using your computer to Hack your way into another. They use programs called scanners which randomly dials numbers any generating tones or carriers are recorded. These numbers are looked at by hackers and then used again, when the hacker calls up the number and gets on he's presented with a logon prompt, this is where the hacking really begins, the hacker tries to bypass this anyway he knows how to and tries to gain access to the system. Why do they do it, well lets go to a book and see Avid young computer hackers in their preteens and teens are frequently involved in computer crimes that take the form of trespassing, invasion of privacy, or vandalism. Quite often they are mearly out for a fun and games evening, and they get entangled in the illegal use of their machines without realizing the full import of what they are doing , I have a hard time believing that so lets see what a hacker has to say about what he does Just as they were enthraled with their pursuit of information, so are we. The thrill of the hack is not in breaking the law, it's in the pursuit and capture of knowledge. , as you can see the hacker doesn't go out to do destroy things although some do. It's in the pursuit of knowledge. Of course this is still against the law. But where did all of this start, MIT is where hacking started the people there would learn and explore computer systems all around the world. In the views of professional hacking is like drugs or any other addictive substance, it's an addiction for the mind and once started it's difficult to stop. This could be true, as hackers know what they are doing is wrong and they know odds are they will be caught. But as I mentioned some hackers are just above average criminals, using there skills to break in banks and other places where they can get money, or where they can destroy information. What a hacker does at a bank is take a few cents or even a few fractions of a cents from many different accounts this may seem like nothing but when all compiled can be alot. A stick up robber averages about $8,000 each job, and he has to put his life and personal freedom on the line to do it while the computer hacker in the comfort of his own living room averages $500,000 a job. As for people destroying information, this is for taking some one down, destruction of data could end a business which for some is very attractive. It can cost a company thousands of dollars to restore the damage done. Now that you have an understanding of what a hacker is, it time to move on to someone closely associates with a hacker. This is a Phreak, but what is that. For the answer we turn to the what is known as the Official Phreakers Manual Phreak [fr'eek] 1. The action of using mischievous and mostly illegal ways in order to not pay for some sort of telecommunications bill, order, transfer, or other service. It often involves usage of highly illegal boxes and machines in order to defeat the security that is set up to avoid this sort of happening. [fr'eaking] v. 2. A person who uses the above methods of destruction and chaos in order to make a better life for all. A true phreaker will not go against his fellows or narc on people who have ragged on him or do anything termed to be dishonourable

Late Adulthood and Death Paper Essays

Late Adulthood and Death Paper Essays Late Adulthood and Death Paper Paper Late Adulthood and Death Paper Paper Analyzing late adulthood and the death of an individual as a culmination of the life span development process one must understand late adulthood consists of. This paper will give a brief overview of ageism and stereotypes associate with late adulthood. This will explain how health and wellness techniques in the late adulthood stages can mitigate the negative effects of aging. As people age the social views and experiences changes in relationships and interactions with individuals, as he or she nears end of life. When closely approaching the end of life, a person has cultural and personal attitudes about death and dignity in late adulthood. Ageism and Stereotypes When examining ageism and stereotypes associated with late adulthood defines as ones prejudice or discrimination that occurs on the basis of age. When thinking about ageism one must look at the disengagement theory (Cumming Henry, 1961) that proposes that adults voluntarily reduce the contact with society rather than experiencing exclusion later and the disappointment not chosen. Other ageism statements say that older people forced involuntarily to give up participation with society. The disengagement theory justifies withdrawal from social institutions. Stereotyping defines as one making comments to someone saying that a certain age does a task that way. Stereotypes toward old people are cruel and unethical because one-day he or she will be in the same situation. Some stereotypes include older people show depression and loneliness, all old people look the same, old adults look sick, frail, and dependent, last older adults act cognitively and psychologically impaired. People who make stereotypical comments do this to build one’s own self confidence. If one researched all the data about the stereotypical comments one would see the comments made are not as accurate as he or she believes. Everyone deserves to be respected, especially as one ages. Health and Wellness Aging is inevitable, a fact that cannot be ignored. The aging process in late adulthood is called senescence. People cannot stop the effects of aging but there are alternatives that can help ease the process. These measures are not always followed because people make poor life choices such as smoking. Aging adults will even spend millions of dollars trying to slow the process of aging. No matter how much money they spend aging will occur. Most aging adults do not receive the necessary preventive services to help promote health and wellness during this stage of life. These preventive services include vaccinations and screenings. These important services help detect many diseases, delay their onset, or identify them early in their most treatable stages to ensure healthier, longer, and more productive lives for older adults (Prevention, 2011). Better people take care of themselves the longer they will live. People who balance: the right diet, making better choices and not acting sedentary has a better chance in living longer lives. With the advances in medical care, better health practices, improved nutrition, and other factors help people live longer. As long as older adults are following the correct measures, they can help counter the effects of aging because this stage here most people retire, they need to stay active and keep eating healthy foods. By not living actively can lead to his or her body shutting down, and may also lead to an early death. Many programs are available that older adults can join to help keep them on track. Aging adults can also receive information from their doctors and pamphlets from clinics that will give them a guideline to follow to age gracefully. Importance of Relationships and Social Interactions Humans are social animals, dependent on one another for survival and drawn to one another for joy, (University of Phoenix, 2010). Studies show that married older people are healthier, wealthier, and happier than unmarried people and their spouse’s support can help extend their lives. The importance for older adults to have a partner helps because they can depend on each other for help, and they can also help each partner in an area that they are experiencing trouble with because of age. Older adults experience capabilities of being able to have an even give and take relationship and give mutual respect in the relationship. * Older adults who have no partner should have social interactions daily as it has proven emotionally healthier than to be alone. Also older married adults must adjust to their interactions with his or her spouse because they will be together much more when they retire. This constant interaction can lead to disputes but has shown that older adults in a close marital relationship have been proven less depressed and less eager about disabilities that may present themselves because of age. * The importance of companionship in older adults, the average married woman will experience four to ten years of widowhood. The average man will experience none. The first two years can be especially difficult for the widow, but studies show that women come to enjoy the newfound independence and few seek new companionship. For widowers it is not the same, widowers have fewer friends and receive less support from the family. Those widowers try to interact to find new companionship. * Cultural and Personal Attitudes The aging process and developmental stages come to the end once a human being is deceased. A normal life cycle will have its last developmental and cognitive stage in late adulthood. This is a period is defined by the individual’s death. The cognitive learning and development in late adulthood shares some traits with the early stages of life. In this final stage the individual is seeking relationships with his close family and will create dependency on the family members. These dependencies are in all areas of human life. The cognitive and physical abilities of a person experiencing late adulthood are decreasing. Cultural factors play important roles in the lives of the elders. Different cultures will dictate the way that the older person will be taken care of financially, emotionally, social, and in all the remaining areas. Different cultures will have different approaches to this final stage; usually the children will adopt a more active role in their parent’s life. In this transition process that occurs in the late adulthood is a dynamic shift in responsibilities and roles. The elders will not be responsible for their children’s; the children will be responsible for their parents. This has a clear decrease in the analytical abilities. The cultural influence in the upbringing will determine if the alders will be on assisted living facility or will be solely responsibility of by family members. During this stage cognitive development is influenced by the mortality and their legacy. This stage the individual will realize his mortality and most cases assume a role of an amicable person than an authoritarian figure. The spouse also plays an important role on the individual quality of life. All the persons surrounding an individual in late adulthood will focus in providing a good quality of life, a safe environment, and a honest relation. Like in the early stages of life the family component is one of the driving entities in this stage. Family and close friend will have a direct impact in the quality of the individual. Once the individual’s need get more complicated the family will decide to take the person to a nursing home because the medical need cannot be meet by the family. The late adulthood is a stage very complex and full of different experiences. This transition stage allows the relinquishing of responsibilities to family members and in many instances they will seek the oldest knowledge. This stage should be used to resolve and organize the individual’s state. Ensuring that everything is taking resolved will provide a sense of accomplishment and serenity. At that time the main focus should be ensuring the quality of life remaining. Different cultures have different approaches to the wellbeing of the older adults; all have the same goal, to obtain and maintain the highest quality of life for the older. This is also complemented by the medical advantages available. Hospice care and pain management are some important tools available for the families to ensure dignity in this stage of life; that many consider a beginning, not the end. References Berger, K. S. (2010). Invitation to the Life Span, 1e. Retrieved from The University of Phoenix eBook Collection database. Todd D. Nelson, (2004). Ageism: Stereotyping and Prejudice Against Older Persons. : Massachusetts Institute of Technology. Prevention, C. f. (2011, March 14). Clinical Preventive Services for Older Adults. Retrieved July 17, 2011, from CDC: cdc. gov/features/PreventiveServices/

Investment and Private banking Assignment Example | Topics and Well Written Essays - 3250 words

Investment and Private banking - Assignment Example A large market share of the UK banking sector is at the hands of a few banks due to mergers and acquisition. This has made the market less competitive due to reduction in the number of independent private banks. However, UK has been successful for many years as a financial sector with many foreign banks entering the market. Hoare’s bank has defied the above mergers and acquisitions and remains as one of the oldest independent private bank in the UK. It is managed and financed by the descendants of Sir Richard Hoare who was its founder. The bank has been profitable for many years and maintains a relatively small customer base. This has enabled it to specialize in personalized private banking. It has a range of banking services tailored to satisfy individual’s customer needs as well as wealth management. The bank has put up measures to ensure that only trusted and high net worth individuals open accounts at the bank. The bank has also embraced IT to help it improve the efficiency of service delivery. However, it is recommended that the branch should open more branches to add to the current two and thus give access to more customers. It should also improve its IT systems to deter cyber frauds. Introduction In the 1960s, there were eleven English clearing banks and five Scottish banks (Melton 2002). Five decades later, mergers and acquisition have led to the creation of four major players in the UK namely; Barclays, Lloyds Banking Group, Royal Bank of Scotland, and HSBC (Temim & Voth 2013).

Week 4 Research Paper Example | Topics and Well Written Essays - 500 words

Week 4 - Research Paper Example Mixed methods research augments both methods in order to establish relationships between variables and to look for causes behind these relationships. A quantitative study preceded the qualitative study consisting of four groups of 250 women each. Participants were assigned to groups randomly such that the assignment replicated the Cherokee and Lumbee tribes. Pre-tests were administered to 500 women while the rest were administered interventions. All of the participants were administered post tests. The qualitative study augmented the quantitative study be reflecting on areas that the quantitative study failed to explain. The qualitative study established causes related to intervention failure, program causes, determinants, and context sensitivity. The qualitative study relied on in person interviews and observational data to augment the existing and analyzed quantitative data. The quantitative study revealed major differences in the behavior of Cherokee and Lumbee populations in dealing with pre-test information. The researchers had not anticipated this and this finding produced a large inconsistency. In order to bridge up this gap in understanding it was decided to launch a qualitative study. Cultural context and sensitivity had been assumed as being uniform for both tribal populations but the results of the study proved otherwise. The qualitative study revealed how intervention produced different effects in both tribal population sets. The quantitative study indicated gaps and the qualitative study bridged these gaps. Data collection for the quantitative study relied on the participation of the respondents alone. The respondents were provided with a pre-test, two interventions and a post test to collect data. Data collected in this manner was analyzed statistically to test the formulated hypotheses. The qualitative study relied on interviews with the participants, healthcare workers and the principal