Internation Finance Essay Example for Free

Internation Finance Essay What was Nick Leeson’s strategy to earn trading profits on derivatives? Leeson was trading derivatives contracts on the two exchanges that were, in some cases, of different types and, in some cases, in mismatched amounts. He was hoping making profits by selling put and call options on the same underlying financial instrument, the Nikkei 225 Index. 2) What went wrong that caused his strategy to fail? He thought as the Nikkei was already low that it could not plummeted lower but due to among other reason, an earthquake and the volatility of the market it went even lower, at that time nick was already â€Å"all in â€Å" and could not correct his position. Also at a certain point he had contracted a lot of futures without enough options to hedge his position which put him or in this case the bank money at high risks. 3) Why did Nick Leeson establish a bogus error account (88888) when a legitimate account already existed? He created this account to be able to perform is unauthorized trading and hide his lost from Barings as this account was not shown on the statements transmitted to London. 4) Why did Barings and its auditors not discover that the error account was used by Leeson for unauthorised trading? The error account had been presenting by Leeson as a customer account, that’s why his activities were unknown for quite a long time. 5) Why did none of the regulatory authorities in Singapore, Japan, and the United kingdom discover the true use of the error account? Fist of all because Nick Leeson was in charge of the back office, letting him he possible to hide easily what he wanted. Also as we said above this account was represented as a customer account and differently to each group. 6) Why was Barings Bank willing to transfer large cash sums to Barings Futures Singapore? As Leeson lost money, he had to pay those losses to SIMEX in the form of margin. By falsifying accounts and making various misrepresentations, he was able to secure funding from various companies within the Barings organization and from client accounts. For example, he claimed that he needed funds to make margin payments on behalf of BSS clients. Therefore Barings believed that they were not exposed to any looses as Leeson claimed that he was executing purchase orders on behalf of clients 7) Why did the attempt by the bank of England to organize a bailout for Barings fail? No one wanted to assume to take the additional risk concerning the additional looses that were not yet determined. 8) Suggest regulatory and management reforms that might prevent a future debacle of the type that bankrupted Barings. -Separate trading, accounting and settlement activities. -More employees supervision -Clear reporting line -Consolidation of the activities of every branch.

Understanding the Importance of Education Essay Example for Free

Understanding the Importance of Education Essay â€Å"Education is the most powerful weapon which you can use to change the world.† ― Nelson Mandela Education is one of the important processes in human life that people tend to through so as to pursue their long term dreams. In today’s world, education is believed to be the power for it is the process that makes good men out of nothing. The world can only come into civilization with education of which without it, all the activities taking place in the world can stagnate as there are no educated and skilled personnel to manage them. In the American history Education is recognized as an extremely important process as they also believe that it is through education that their country or states can gain political social and economic stability. This made education be referred to as the power due to the fact that it forms the basis of any good thing in the American history. Due to this significance that education has to the lives of people, very many strategies have been put forward to boost this process so as to continue serving many people. How do we approach our country’s economic instability by understanding the importance of the education? Education lays a good platform in everyone’s life. Learning is the key word of everyone’s life until the death. Learning does not mean to be to going to school. If a person realizes the importance of learning that is also called learning. In my life learning was started in many ways and interpreted in many ways. At my sixteenth birthday, I realized I did not learn anything so far. So the intuition of learning desire was started after I met my science teacher in my high school. He was a fantastic teacher and mentor. He said many times to me about higher education. It is always true sixteen to nineteen years of age is decidedly unambitious for thinking of a future. Many times my father preached about education to me. Here is the some example of my father’s preaches, â€Å"Education will help you grow as an individual because the more knowledge you have the better understanding you will have in any given problem that will come your way. It will give you self-satisfaction and will boost your self-confidence†. As an individual, I know it will help me in a lot of aspects in my life. It will give me financial stability because I will be able to land a good job and a high paying salary. I will learn how to spend my money and will learn how to invest it wisely. The more education I have the more respect and acknowledgement I will get from people. Knowledge is terribly paramount that is why we need to take it seriously. It is the strong weapon you can have to conquer this complex world. If you have a good education nobody can fool you and you will not tolerate any mistreatment from people. It will give you better views in life if you are well educated. In the social aspect of my life education will give me a better understanding on how to communicate to people effectively. I will understand what is happening around me. For example, voting, I will have enough knowledge to carefully choose the candidate I will vote for. I will know what to consider in choosing the right candidate to serve and protect our country. I will be able to understand the social issues that our country is facing and will be capable to help in my own little way. However, it is apparent in this competitive world that most of the successful person have the proper education especially the higher position in society they have proved that education will give you the edge in life. Thus education is as valuable as the air we breathe. It is the most vital possession a person must have. Education is beneficial in many aspect of life especially, personal and social it is the only possession that cannot be taken away from you. Education is beneficial because it will open up the windows of opportunities. In this competitive world having a good education is as valuable as the air we breathe because it is our weapon to conquer the world. Education is supremely essential especially in today’s society. It gives you the windows of opportunities and to pursue your dream. It will not only make you a better person, but it will also give you a better life. I believe that education should be taken seriously because it is our only weapon to conquer the world. World will be a better place if people are well educated in this competitive world that most of the successful person have the proper education especially the higher position in society they have proved that education will give you the edge in life.

International retailer enter Indian market

International retailer enter Indian market INTRODUCTION Today retail is no more restricted to just selling goods to consumer. It is worlds largest private industry with the sales of US$ 6.6 trillion. (McKinsey Global Institute Report, 2001)Cox R and Brittain P (2004) gave the modern definition of retailing as Retailing is the sale of goods and services to the ultimate consumer for personal, family or household use. In UK retail sector is the second largest employer, contributes 23% in GDP and accounts for the 35% of consumer expenditure. (Cox R and Brittain P, 2004) The sector seems to be mature in UK. But there are few emerging markets in which retail sector is still in its growth phase. One of them is Retail Sector of India. AIM AND OBJECTIVES Aim: To determine the barriers for an international retailer like PRIMARK to enter Indian Market and to find out the suitable marketing policies depending upon the problems they might face. Rationale: Until the fall of communism the countries in the world were divided in to two types- communists and capitalists; depending upon the economical system they had adopted. But there were few newly Independent countries which adopted the mixed type of economy. As the strength of capitalism was proved all the economies tend towards it. Still there are countries like India which are conserved in nature. Route of entering the Indian Market is still full of hurdles for any foreign investor. But the challenge is acceptable because at the end of the route there is a huge market with millions of potential consumers. Objectives: Analysing the potential of Indian Retail sector, market requirements and risks involved. Review the policies of Indian government about Foreign Direct Investment in retail sector. Review how other companies have entered Indian Market. E.g. M S, Wal-Mart, Woolworths etc. Review PRIMARKS mission, vision, operation strategy and marketing policies. Study how PRIMARK has entered in other countries. Learning few appropriate strategies and marketing policies which PRIMARK can adopt to make a successful entry in India. LITERATURE REVIEW International Retailing: Two sets of factors can make a domestic retailer go international. First is push factors which includes saturation of the domestic market, recession and planning restrictions. The other set of factor is known as pull factors which is nothing but market attractiveness for the foreign retailer. It consists of falling barriers to market entry, supplier strategy, strategic alliances, emerging markets, changing consumer taste, economies of scale. But as the venture involves huge investment various strategic methods are used reduce the risk. Thus market research followed by the deciding upon entering strategy such as acquisition or joint venture etc. would be the most suitable path for any retailer. (Cox R and Brittain P, 2004) Indian Retail Sector An Opportunity: The time when developed economies are facing recession, two countries are balancing world economic growth, one of them is India. Indias GDP growth was 9.4% in 2007. According to McKinsey report there are 12 m retail outlets in India. Most of them are small and unorganised, but contributes 6% in GDP. (McKinsey Global Institute Report, 2001)The Indian Organised and Modern Retail Market is only 9% of total retail industry, which too low compared to western world (65% in USA) as well as other Asian countries. (Appendix 1) Thus the sector as such is underdeveloped. Indias Favourable demography, availability of the disposable income with young generation and stability due to vibrant democracy are other advantages for any foreign investors. (Country Profile 2007 India) Report by McKinsey also suggests if the government become a bit liberal and bureaucracy is reduced then the productivity of retail sector would increase by two and half times (250%) and wo uld create 8 million jobs. (McKinsey Global Institute Report, 2001) Market potential can be further back up by study of Kearney A. T. (2006) about Global Retail Development Index. Understanding Indian Consumer: India is a huge country with varied consumer pool. Supporting to the view Ramamurthy K and Naikare A (2007) from Synovate Business consulting says, The Indian market shows differences in consumer behaviour from one region to another in terms of usage, preference, brands, tastes etc. Advocating to the point Mr. Biyani simplify it as, Indian Consumers, unlike people elsewhere, demand ideas and solutions that are uniquely Indian. Mr. Kishore Biyani (CEO, Future Group and Managing Director of Pantaloon Retail, India) Thus any international retailer planning to enter the Indian market would have to consider the same for planning the marketing strategies. Indian modern retailers are attracting only one stratum of people, which includes educated urban Indians, but those which are having the lower purchasing power especially people from sectors such as plumbing, carpentry etc. are often neglected. On January 26, 2006 Big Bazaar announced a Lowest Price Day to attract the later segment. (Biyani K, 2007) So it means there is a GAP in the retail segment which is attractive and can be exploited. The dissertation would evaluate the suitability of marketing strategies, product range etc. for retailer to enter India. Indian Government Policies for Foreign Investor: Foreign company intended to do business in India can follow one of the three routes as explained by Titus and Co., Advocates (2007) Open A liaison office Set up a branch office Incorporate a company If the company wish to set up its own permanent unit in India then it has to follow the third path. But then depending on the sector company can have Wholly Owned Subsidiary (WOS) or Joint Venture (JV). (Titus and Co., Advocates 2007) India has not completely opened the retail sector for foreign investors and the liberalisation is proceeding gradually. Till 2006 the only route for FDI in retails was Franchisee. Government then allowed 51% FDI in single brand retailing. (Country Profile 2007 India) But the retail distribution is still forbidden. (Appendix 2) Along with these ownership policies, India is ranked higher in putting barriers such as discriminatory procedures, tariffs and regulatory barriers on Foreign Investment. The other hurdle for entering Indian market is various barriers to entrepreneurship. Though India has reduced the legal barriers such as getting license or permit it has not reduced the administrative burdens on new entrepreneur. (OECD Economic Survey India, p. 91, 92) For investing in single brand retail sector an investor has to take an approval from SIA (Secretariat for Industrial Assistance), the Department of Industrial Policy and Promotion, the Ministry of Commerce and Industry, New Delhi. (Titus and Co., Advocates, 2007) The dissertation would study the regulations of Indian Government for foreign retailer. Entry of Foreign Retailers in India: Retail market potential of India has lured many foreign investors to enter Indian market by various means. The dissertation will analyse the strategies used by them to enter India. Wal-Mart entered wholesale business in India through joint venture with Bharti Enterprises. Bharti-Wal-Mart is panning to open many cash and carry shops by 2015. (The Economist, August 9, 2007) Auchan International SA from France is having regional purchasing and liaison office in India. Cargill India Pvt. Ltd. well known USA based company have launched NatureFresh brand of Atta (wheat floor), refined oil, salt, branded rice etc. Mc Donalds Restaurant has joint venture with Cannaught Plaza Restaurants Pvt. Ltd. to operate in Delhi, Jaipur and Mathura region. (Source: Foreign Companies In India Yearbook 2007) Dairy Farm International Holding Ltd. of Hong Kong along with Food World Supermarkets Ltd. (India) in a joint venture has opened 89 retail shops in India. Procter and Gamble Hygiene and Healthcare Ltd. (USA) have launched consumer and health care products in India. In the project 35% investment is from Indian Share holders and 65% is from Procter and Gamble Company and Procter and Gamble Home Products Ltd. Marks and Spencer c/o Planet Sports Pvt. Ltd. is having 14 retail outlets and distribution network in Delhi, Mumbai, Haidrabad, Jaipur, and Pune etc. in India. (Source: Foreign Companies In India Yearbook 2007) Marks and Spencer has re-entered Indian Retail Market together with Reliance Industries (India). In a joint venture Marks and Spencer is having 51% ownership. Duo is planning to open 50 shops in near future. (Hall J, April 19, 2008) Failure: There are few examples of failure as well. Few organisations have withdrawn their interest in entering Indian market. E.g. Carrefour and Tesco went out of the negotiation for joint venture in India. Starbucks after getting to disapprovals from the Government of India pull out two proposals for franchise. Metro (German Retailer) enter wholesale business in India but since then it has engaged in solving the dispute with state government of Karnataka as state law does not allow Metro to sell agricultural products. (The Economist, August 9, 2007) The dissertation would make an attempt to investigate the reasons behind those failures. Review of PRIMARK: Associated British Food the parent company of PRIMARK opened its first value clothing store in Dublin in 1969. Since then it has opened 177 stores in Ireland (trade with brand name Penneys), Spain and UK. (www.primark.co.uk) The retailer targets the age group o to 35 and especially women customers by providing good quality fashionable cloths at reasonable price. The retail chain basically became popular because of its value for money price. The major strategies of the company involve, Bulk production, Simple to produce designs and Production of only popular sizes. (Atherton J, 2008) The company also deals directly with the producer and there is no intermediate in between and thus avoid huge overhead costs. PRIMARK also does not spend much on advertisements and believes Word of Mouth is the most effective way of advertising. PRIMARK became the member of Ethical Trading Initiative in October 2006 along with the Marks and Spencer, Nike, Gap and Levis. (Staff Induction Handbook, Primark). The PRIMARK is currently operating in Ireland, UK, and Spain. It is expanding internationally and further planning to move in to Portugal and Germany. PRIMARK is selling the similar stock in all countries. It is not favourable for any organisation if they had to change a lot while going international. According to Gavin George from Ernst and Young, Emerging markets offer exciting growth prospects, while many European markets have high spending, but relatively weak competition. Primark will be in an interesting place in Germany because while there is an extensive value clothing proposition there are not so many fashion-oriented players. (McAllister D, 2008) The compatibility of PRIMARK with Indian Consumer and Government would be analysed to find out the appropriate way for entering India. RESEARCH DESIGN AND METHODOLOGY Research design is the general plan to conduct the research. Saunders et. al. (2007) compares it with onion. The first layer of an onion is deciding upon the Philosophy of research, then the approach, strategy and at the core of an onion lie the data collection and data analysis. Research Philosophy: The research philosophy adopted by the researcher defines the further path he would follow. The problem stated as a topic in this piece of research proposal is practical and related to realities. Thus it adopts the functionalist paradigm. According to Burrell and Morgan (1979:26) It is often problem-oriented approach, concerned to provide practical solutions to practical problems (Cited in Saunders et. al. 2007) This paradigm has two dimension as objectivism and regulation. Objectivism is one of the aspects of Ontology philosophy. But this research would rather proceed with Pragmatism approach, which means the research can follow the philosophy of epistemology as well as ontology. (Saunders et. al., 2007, pp. 101-113) Research Approach: The second layer of a research onion is research approach. This research would use an inductive approach for research which is much more appropriate for answering this sort of questions. Inductive approach gives the necessary flexibility for choosing the research methodology depending upon the research question. (Saunders et. al., 2007, pp. 119) Purpose: The purpose of this research is more of exploratory study and a bit of explanatory study. It would explain the constraints in entering Indian market and how other foreign investors have entered the market. Depending on that it would make an attempt to explore the policies PRIMARK should embrace to enter Indian market successfully. (Saunders et. al., 2007, pp. 133) Strategy: As Robson (2002:178) defines the case study research as a strategy for doing research which involves an empirical investigation of a particular contemporary phenomenon within its real life context using multiple sources of evidence. (Cited in Saunders et. al. 2007, p139) The case study research would be the strategy of choice for this research. DATA COLLECTION METHOD For the philosophy, approach and strategy opted for this dissertation the most suitable method of data collection would be the qualitative method. (Saunders et. al., 2007) The data would be collected by in-depth interview of the people form various sectors related to retail business. The main advantage of the method as stated by Burgess (1982:107) is, it is the opportunity for the researcher to probe deeply to uncover new clue, open up new dimensions of a problem and secure vivid, accurate inclusive accounts that are based on personal experience. (Cited by Smith et. al. 2008) The principle source would be the Management of PRIMARK. As the researcher is working with PRIMARK Hammersmith, London; Access to the Store Manager Mrs. Katarina Taggard has been negotiated. Though she has agreed to help with the dissertation, the permission from the Head Office, Reading, UK; is yet to receive. The another person to be interviewed is Mr. Ashdin Doctor, A Market Research Analyst, Retail Sector M umbai, India. The formal approval has been negotiated with him. The questionnaire would be sent to him through e-mail. The questionnaire would be sent to Eva George, China and India Business Development Officer, London and Anita Nandi, City Representative, Mumbai. (Leaflet, City Business Library) In a mean time other important retailers from India are being contacted for the same purpose. ANALYSIS AND PRETSENTATION OF DATA The data gathered from the qualitative method would be analysed by using the Grounded Analysis method of analysing qualitative data. The data would be read and understood well and then it would be linked with the theory or the secondary data. The whole data would be presented in the form of charts, tables and graphs following the critical analysis. SECONDARY DATA The information collected by some body else is regarded as secondary data. The proper utilisation of secondary data depends on analysing and interpreting skills of the researcher. (Smith et. al. 2008) The secondary data would be collected from the books and journal articles regarding the retail sector of India. The information about the country profile and statistics about India would be accessed from following official web sites, www.cia.gov/cia/publications/facebook www.rbi.org.in www.statisticsofindia.com www.finmin.nic.in (Leaflet, City Business Library) CONCLUSION The dissertation aims to analyse the problems international retailer might encounter while entering the Indian market. Eventually it is expected to answer following things; Attractiveness and market growth of one of the segments of Indian market which is not yet entirely exploited. All available paths to enter India and the most suitable one for PRIMARK, e.g. Joint Venture. Choice of marketing policies to be employed. E.g. target group, state-wise choice of clothing, buying occasions and price range etc. Factors to be taken care of and hitches to be aware of while doing business in India. e.g. currency fluctuations, unstable areas, political will and taxation laws in different states etc. REFERENCE Atherton J (2008), Primark stops buying from child labour firms, METRO BUSINESS, METRO, London. June 17, 2008. p.49. Biyani K (2007), Retail Revolution Lure of huge consumer base, In Ram N. (eds.) (2007) THE HINDU SURVEY OF INDIAN INDUSTRY, Chennai: Kasturi Sons Ltd. pp. 285,286,291. Burgess R. G. (1982), Field Research: A Source Book and Field Manual. London: Allen and Unwin. Cited in, Smith M, Thorpe R and Jackson P (2008), Management Research, 3 Edition, London: SAGE Publication Ltd. Chapter 7, pp. 144 Leaflet, City Business Library (n.d.), I need information on India, City of London Libraries, London. Country profile 2007 India, (2007), Economist Intelligence Unit Limited, UK. P. 30, 44. Cox R and Brittain P (2004), Retailing An Introduction, 5th Edition, Great Britain: Pearson Education Limited. Chapter 1 and 5, pp. 1-7, 41-49. Department of Economic Affairs (2007), Foreign direct investment, Government of India. Cited in OECD Economic Surveys (October 2007), Reforming Indias product and service markets, OECD Economic Surveys India, Volume 2007/14, France: Organisation for Economic Cooperation and Development. p. 111 Foreign Companies In India Yearbook 2007 (2007), Commercial Intelligence Service, a division of Business Monitor International, UK. Pp. 24, 34, 38, 51, 75, 88, 93. Kearney A. T. (2006), Emerging Market Priorities for Global Retailers, Global Retail Development Index, Cited on June 20, 2008, Available from http://www.fibre2fashion.com/industry-article/pdffiles/emerging-market-priorities-for-global-retailers.pdf McAllister D (2008), Primark set for European Expansion, Retail News, CITYA.M., London. 4 June 2008, p.9. McKinsey Global Institute Report (September 2001), Retail Sector, India: The growth Imperative, McKinsey Company. cited on June 14, 2008, Available from http://www.mckinsey.com/mgi/reports/pdfs/india/Retail.pdf OECD Economic Surveys (October 2007), Reforming Indias product and service markets, OECD Economic Surveys India, Volume 2007/14, France: Organisation for Economic Cooperation and Development. pp. 91-92 PRIMARK Background (online) Cited on June 14, 2008. Available from http://www.primark.co.uk/background.shtml Ramamurthy K and Naikare A (2007), Analyzing the Indian Market, In Millar R (eds.) (2007) Global Market Briefings Doing Business with India, 2nd Edition, Great Britain: GMB Publishing ltd. P.71 Saunders M, Lewis P and Thornhill A (2007), Research Methods for Business Students, 4th Edition. Spain: Pearson Education Ltd. Chapter 4,5, pp. 100-145. Staff Induction Handbook PRIMARK. Pp. 4, 5. Economist Indian Retailing (2007), Gently does it (August 9, 2007) The Economist print edition. Cited on Economist.com, on June 14, 2008, available from http://www.economist.com/business/displaystory.cfm?story_id=9622068 Titus and Co. Advocates (2007), Available Legal Structure, In Millar R (eds.) (2007) Global Market Briefings Doing Business with India, 2nd Edition, Great Britain: GMB Publishing ltd. Pp. 109-123. UWIC Business school (2006/07), MBA Individual Research Dissertation Handbook Academic Year 2006/07, 5th Revised edition, University of Wales Institute, Cardiff. Vedamani G (2007), Modern Retailing Comprehensive policy vital, In Ram N. (eds.) (2007) THE HINDU SURVEY OF INDIAN INDUSTRY, Chennai: Kasturi Sons Ltd. pp. 281-284. Mrs. Katarina Taggart, Store Manager, Hammersmith, PRIMARK. 1, Kings Mall, Kings Street, London. Post Code: W6 0PZ Mr. Ashdin Doctor, Mumbai, India. E-mail: [emailprotected] Anita Nandi, City Representative, City office in Mumbai. E-mail: [emailprotected] Eva George, China and India Business Development Officer, City of London, P.O. BOX 270, Guildhall, London. E-mail: [emailprotected] BIBLIOGRAPHY Kumar R and Sethi A (2005), Doing Business In India, USA: Palgrave Macmillan.

Allen Ginsberg’s America and Kerouac’s Vanity of Puluoz :: Ginsberg America Essays

Allen Ginsberg’s America and Kerouac’s Vanity of Puluoz    Throughout the words and the lives of the Beat Generation, one theme is apparent: America, everywhere from Allen Ginsberg’s â€Å"America,† to Jack Kerouac’s love for Thomas Wolfe. Although the views of America differ, they all find some reason to focus in on this land. Ginsberg, in his poem â€Å"America,† makes a point that not many of us can see as obvious: â€Å"It occurs to me that I am America. I am talking to myself again.† Each and every one of us make up America, and when we complain about something that is wrong, we are complaining about ourselves. Being raised by his mother as a Communist, and being homosexual, Ginsberg found many things wrong with America, and he does his fare share of complaining, but at the end he decides, â€Å"America I’m putting my queer shoulder to the wheel.† Ginsberg didn’t want to sit and watch everything go wrong. He was going to do something, despite the fact that he was not the ideal Amer ican. Kerouac’s view of America was completely different from Ginsberg’s view. Kerouac saw America as a beautiful place, with many unexplored regions for himself, and the rest of the people in the country. Kerouac credited his love for America to Thomas Wolfe. In Kerouac’s book Vanity of Puluoz he said that Wolfe made him realize that America was not a dreary place to work and struggle in, it was a poem. If everybody thought of America as a poem rather than a place where we just come to in order to live work and die, this country would be the ideal place that Kerouac wanted it to be. The â€Å"Night of the Wolfeans† was an event in the lives of the Beats that affected them for a long time. It brought together all of the Beat’s feelings toward America. They were put into two categories: â€Å"Wolfeans,† and â€Å"non-Wolfeans.† Kerouac and Hal Chase were heterosexual, all-American boys who believed in America, the perfect image of the American citizen. The non-Wolfeans (William Burroughs and Ginsberg) were also known as â€Å"Baudelaireans† or â€Å"Black Priests.† They wanted to destroy the Wolfeans and all that they believed in. The Beats felt that everybody fell into one of these two categories. One thing that all the Beats agreed upon, was that in order to truly become a great writer, you had to be considered an American writer.

Ishi, The Last of His Tribe by Theodora Kroeber Essay -- Theodora Kro

Ishi, the Last of His Tribe by Theodora Kroeber Chapter 1   Ã‚  Ã‚  Ã‚  Ã‚  This book begins when it's main character Ishi is just thirteen years of age. He is one of the remaining Yahi Indians in the world. The people in his tribe now living are Ishi, grandfather and grandmother, Tushi, Timawi, his mother and his father. They have been hiding from the Saldu, white men as the Yahi called them. This chapter had much to do with the Harvest Season. We know this season as autumn. They had to hunt and forage for many items to survive through the winter. We are taken to Ishi's secret place where he goes to think. This place is known as Black Rock. They Yahi have spent most of their lives hiding from the white men or Saldu, as the Yahi call them.   Ã‚  Ã‚  Ã‚  Ã‚  The winter the Yahi go through is not that tough because they are so well prepared for it. They listen to grandfather tell the story of creation time after time. Ishi loves to hear this and he listens to how his father was killed by the Saldu. The rest of this section explains how Ishi is growing up and becoming a man.   Ã‚  Ã‚  Ã‚  Ã‚  Spring is beginning and the Yahi are busy at work. Ishi is now becoming a wasani or a real man. He learns to fish and he learns how to hunt dear with the help of Timawi. The biggest challenge of this is to leave no trail of the killing for the Saldu to trace back to the tribe.   Ã‚  Ã‚  Ã‚  Ã‚  The summer season is very successful and the Yahi are thriving in their environment as much as possible. Timawi and Ishi want to attack the Saldu but are held back by Elder Uncle. Chapter 2 Chapter two begins with Ishi going on a trek to become a man. On this trek, he will visit many of the religious sites including, where he was born, where his father was killed and where his father was buried. He returns from the trek and is declared a real man.   Ã‚  Ã‚  Ã‚  Ã‚  One of the main conflicts in the story is from the refusing of Tushi to make a sweat grass bracelet for Timawi. This is almost like a wedding ring for the Yahi. Timawi is upset but he tries his hardest not to show it. Ishi and Tushi go somewhere to discuss the whole situation and when they do, Ishi notices that a Saldu is aiming to lasso Tushi. Ishi whips out the bow and arrow and skillfully shoots the Saldu in the hand. He tells the others about the incident and they all know that they must move for they will be coming to kill them all off shortly.   Ã‚  Ã‚  Ã‚  Ã‚  They must go... ...to perspective for him. He finally got to understand that he was the last one left. If he did not share anything and everything he knew about his tribe, they would perish forever.   Ã‚  Ã‚  Ã‚  Ã‚  Ishi has a flashback of Tushi. He realizes how much he misses her and it reminds him of the good times he used to have with her. He realizes he is lonelier than he has ever been. Ishi is soon given his quiver and knife back from an anonymous source. He does not know who it is but believes it to be the work of Jupka or Kaltsuna.   Ã‚  Ã‚  Ã‚  Ã‚  Ishi later gives the two people he has become closet with the chance to take the Purification Prayer. They both take place in the ceremony and they realize what a privilege it is to have this. They are given the opportunity to go fishing like the Yahi and they went to the sacred ground where the last of the Yahi lived they last days of their lives.   Ã‚  Ã‚  Ã‚  Ã‚  Ishi soon passed away. He was given the proper burial that a yahi deserves. He was buried with all the things he would be needing in the Land of the Living. It was a tough time for the Doctor and his son. They said prayers for a man who changed their lives and everyone's who would be following, present and future.

The Message of Quinns Ishmael :: Quinn Ishmael Essays

The Message of Ishmael Quinn gains a unique perspective on humanity through the main character of the novel, Ishmael. Ishmael is a gorilla. And Ishmael is a teacher who communicates with humans telepathically. On the surface, this hardly seems to be a character who would appear in a serious book; more likely a children's story, a fable, or perhaps a bad science fiction novel. Yet Ishmael is none of these, and Ishmael is a strong character, with a powerful intellect and a serious purpose. The character of Ishmael needs to be non-human in order to be effective. Looking in on civilization from the outside gives him a perspective from which to criticize humanity without hypocrisy. To hear the oppressor repent is not nearly so effective as to hear the voice of the oppressed demand freedom and restitution. As Ishmael opens, the author writes of a day in his life when he found what he thought a truly ludicrous advertisement in the personals section of a newspaper: TEACHER seeks pupil. Must have an earnest desire to save the world. Apply in person. Investigating with the purpose of exposing fraud, he came upon Ishmael in Room 105 of a nondescript office building. Ishmael was sitting calmly, nibbling on a slender branch. Momentarily shocked, Quinn stumbled towards a chair. He glanced into the gorilla's eyes, and much to his disconcertment the eyes calmly spoke to him. Nodding in answer to an unuttered question, Ishmael spoke silently "I am the teacher." In language of the sort one might expect from a well educated man speaking with a friend, Ishmael told Quinn the story of his life. A large portion of it was spent in captivity, before a wealthy elderly man befriended and educated him. At the end of Ishmael's tale, Quinn was still somewhat befuddled. I sat there for a minute, then I said, "I'm trying to figure out what this has to do with saving the world." Ishmael thought for a moment. "Among the people of your culture, which want to destroy the world?" "Which want to destroy it? As far as I know, no one specifically wants to destroy the world." "And yet you do destroy it, each of you. Each of you contributes daily to the destruction of the world." "Yes, that's so." "Why don't you stop?

Renewable Energy Generation In Pakistan Environmental Sciences Essay

Pakistan has rich energy beginnings but unluckily these rich beginnings of energy have non been utilized so far. To run into this Remedy Government of Pakistan ( Ministry of Power and Development ) formulized a scheme named â€Å" Policy for development of Renewable energy beginnings † . This policy made Pakistan usage of its energy beginnings in a efficient manner in its first stage widening up to June 2008. Sing the benefits being gained of this policy, it is further divided into its 2nd and 3rd stages severally and this stage would farther find the use of renewable energy sourced blessed to Pakistan by nature. Important characteristics of this policy are: 1. This policy contains assorted of import chances that attract investors from the assorted private sectors. i.e.. It provides an chance of acquiring one stabilized in his ain independent power undertakings that could either be used for one ‘s ain intents or it can be made to make others in return of the net incomes of your investing. 2. An investor bring forthing electricity utilizing renewable energy beginnings at one location, at the same clip can acquire an equal sum of electricity for any sort of usage at another location conveying electricity through grids at his ain disbursals. 3. Via use of Renewable energy beginnings, it allows to bring forth electricity and manufacturer can sell excess sum of electricity and at the same clip, he can have electricity from another grids and this production and receiving of electricity can be solved by net metering and charge which this policy has introduced, therefore rendering big benefit to little scaly productions and besides enhanced the efficiency of bing installed systems. 4. This policy is significantly of import for micro, mini hydro and solar based electricity production undertakings. 5. The complex techniques of Duty Determination have been simplified following transparent and apparent rules laid down by the policy of renewable energy beginnings. 6. An model characteristic of this policy is the decrease of hazards associated to power buyers as it used to be found in the yesteryear. Therefore it can be said that the policy with its salient characteristics discussed above can play a cardinal function in beef uping the economic system of our state every bit good as it can stabilise the economic system of assorted power undertakings being run by figure of private investors.Introduction:Our state Pakistan is comprised of more than 150 million people therefore using immense energy. This high demand of energy is impossible to be met if we depend on planetary energy fuels of high monetary values. So, to run into this job Government of Pakistan has introduced the policy of use of renewable energy beginnings pulling the private investor ‘s along with covering with high demand of energy use. With the turning demand of energy beginnings and visual aspect of new engineerings in the planetary universe would find the reaching of more and more policies originating from this really core policy of renewable energy beginnings in Pakistan.Power Sector Institutions:Following are the power sector establishments in Pakistan:1. Ministry of Power and Water development:This establishment is supposed to cover with all the issues originating of the affair of energy production and ingestion. This sector besides with other related independent and independent establishments of energy beginnings.2. National electrical and power ordinance authorization ( NEPRA ) :NEPRA provides the policies, regulations and ordinances to guarantee safe and choice production of electricity and besides safe transmittal of electricity to consumers.3. Alternative energy development Board:AEDB is designated to implement the assorted programs rendered by Government of Pakistan related to the use of energy beginnings in Pakistan. It besides covers advertisement to make consciousness and ease the energy ingestion in Pakistan.Renewable Energy Resources:Following are the renewable energy beginnings in Pakistan.HydroPotential:So far, no exact appraisal has been brought in related to hydro pow er potency in Pakistan but if we take mean, this possible comes out to be 45000 MW. This possible includes power ingestion in all the walks of life and hydro power workss.Status 2006:The hydro power capacity of Pakistan so far assumed is 5928 MW of big ( & gt ; 250 MW ) 470 MW of medium ( & gt ; 50 and & lt ; 250 ) And 253 MW of micro ( & lt ; 50 MW ) workss. Now it makes the amount of 6608 MW, which barely covers 15 % of entire identified hydro potency in Pakistan.WindPotential:Wind power undertaking resources exist in assorted parts of the state including southern Sindh and Coastal countries of Pakistan with monthly norm wind velocity of 6-7 m/s at some sites.Status:Unfortunately there is no air current power undertaking commercially working in Pakistan. However micro wind power undertakings have been tested.Solar and ThermalPotential:Pakistan is blessed with immense solar energy resources. Most sites of Pakistan receive big sum of solar energy in the universe that extends to 2 MWh/m2 or 3000 hours of sunlight. Status: This big sum of solar energy is being ignored. So far now solar and thermic power undertaking has been installed in Pakistan.BiomassPotential:Pakistan being an agricultural state contains big reservoirs of biomass in the signifier of residue harvests, animate being wastes and rice chaffs etc.Status:This big reservoir of biogases is being utilized in Pakistan at assorted low degrees and frequently at high degrees. This sector is besides allowed to sell excess power other than of its ain required usage to sell to grids at the rate of 700 MW.Strategic aims of Policy:There are four cardinal aims that formulate the policy of development of renewable energy beginnings:Energy Security:Energy is the chief demand of today ‘s modern civilisation. Following the importance of use of energy by the modern societies has risen up the monetary values of fuel and oil in the planetary market. The use of renewable energy beginnings by which our state is blessed would guarantee us the energy securi ty and we would be less dependent on others to run into the demand of energy.Economic Benefits:Renewable energy beginnings if used decently in any state can be really helpful in profiting the economic system of that peculiar state. As use of energy from other beginnings would ensue in energy losingss and wastage of money to an unexpecting bound, nevertheless, utilizing the renewable energy beginnings of our ain state, we can salvage the big sum of our economic system which is spent on importing the energy beginnings from other states to our ain usage.Social Equity ;As discussed earlier, that utilizing the renewable energy beginnings of our state can do us able to salvage the economic system and salvaging the economic system would straight intend prosperity of the state that can profit the people of our state by eliminating poorness rate and guaranting security of societal rights among all the citizens of our state. Renewable energy beginnings can besides cut down the labour work as it can replace the human attempts in field by machineries which are non being utilized because of high monetary values of fuel in the international market.Environmental Protection:Use of local energy beginnings is the confidence of environmental protection as it lowers the hazard of air and environmental pollution which is frequently threatened to the society by utilizing the natural and fuels of hapless quality being imported from other states.Policy Goals and developmental scheme:Following are the ends that lead the state to explicate the policy of development of renewable energy beginnings: 1. Maximal use of energy beginnings of our state that can ease the lives of our people by supplying electricity through all the parts of the state. 2. Renewable energy beginnings can do the state meet the turning demands of people populating in it. 3. An investing friendly environment is created in the market therefore pulling private sectors and enabling them to advance friendly and economical environment for the investors in the sector of renewable energy beginnings. 4. Deriving of economic benefits is besides one of the primary ends meant to acquire achieved via this policy. Scope of Policy: This policy leads to the use of different renewable energy beginnings. Micro hydro Solar polytheist hydro Wind power undertakings Municipal waste and landfill methane recovery Biomass Gasification Crop residues Etc etc.Road Maps for policy development and Execution:Keeping in head the important of renewable energy beginnings, a strategic policy specifying the fundamental laws has been formulized. This policy is divides in three stages and each stage, if implemented good can do us succeeded in accomplishing the aims.Short term stage.Short term stage includes indulgent policies in order to make an economic friendly atmosphere throughout the concern countries of the state and take the bing barriers impeding in the manner of our concern sector.This stage focused allot on little hydro, solar and wind power undertakings for immediate commercial development. This stage helped in pulling the private sectors to put in commercial markets for renewable energy beginnings. This stage developed regular frame work, develops markets, assessed the resources, swayers development programmes and finance development for renewable energy beginnings and ease the markets to renewable energy beginnings in the state .Average Term:Following the enormous success of the policy of renewable energy beginnings in its short stage, another comprehensive stage set on with more effectual policies and nonsubjective that would widen up to 30th of June 2012. This stage emphasized on developing the inclination of competition among assorted renewable energy engineerings application class. One such illustration is the use of Grid connected air current farms. It besides developed the market and inclination in people for utilizing the spread Renewable energy beginnings such as solar place systems.Long Term:The execution of the policy of renewable energy beginnings will come in the long stage every bit shortly as average term ends, to acquire the coveted aims. This stage will to the full develop the competitory ambiance in the market among assorted initial RETs. It will be lead under the â€Å" compulsory sweeping Wheeling † . Supplying an investor with full options of using any of the available renewable energy beginnings and competition to a full swing to do usage of each and every resource that is easy available.