Monday, September 30, 2019

Explain why women failed to gain the right to votebetween 1900 and 1914

Female Emancipation was one of the greatest changes in human history. Only in the last two centuries has progress been made; the right to vote was part of this global process. In the 19th Century Britain was profoundly unequal in terms of class and gender. Women were of inferior status both in society's views and legally, and their role was to marry and have children. On marriage they promised to serve their husband and a woman's property became her husband's. (Until late 1880, they had absolutely no rights over their property or children. ) Around the turn of the century, groups such as the Suffragists and Suffragettes started up, championing the right for women to vote, which in turn would help female candidates run for a position in parliament. This was the state of Britains social hierachy. The matter of why women failed to gain the right to vote in the years leading up to the first world war is quite a complicated issue. With all the huge campaigns lead by the Suffragists and Suffragettes there are a number of key points to understand. First of all, the vote was very exclusive at this period of time, even all men did not have it. Only homeowners in full-time employment were allowed to vote, which limited the vote to virtually the upper-middle and upper clases, and the lucky workers. Then there were the traditional views on women in general; they were seen as practically â€Å"second class† citizens of the country. Only in 1870 had education up to the age of 11 become free and compulsory for girls. (For boys it was earlier) Women had only just won the right to vote and run in local government elections. Most people felt the womans place was in the home raising children. Young girls who wanted to go on to higher education instead of marrying at the age of 16 were generally looked upon with disgust. They were seen as abnormal. It is easy to see that in a male-dominated country with an all-male government and cabinet it was an almost impossible task to win the franchise, or so it seemed. The Suffrage movement was increasing constantly, however compared to the nations population, the members of the various groups seemed very small. Many men did not want women to gain the vote for the long term reasons stated earlier, and even many women felt that they did not need the vote. It is hard to understand, but the whole mentality of British society was so deeply set in traditional thought that bringing about a change of such proportions was an immensly difficult task. Some people even started up Anti-Suffrage movements. The Suffrage groups started putting massive amounts of pressure on the government, which was for most of the duration run by the Liberal Party. (Lead by Lloyd Asquith after 1908. ) Hopes were high for a women suffrage when the Liberals came to power in 1906, because their policies were based on equality, although women's suffrage was not on their manifesto. Asquith, however, was against the right to vote for women. All the women's suffrage groups had intensified their campaigns when the Liberal Party was elected, and they had a high level of support. The Suffragettes were the smaller of the two largest groups, but were by far the most publicised. They believed in â€Å"Deeds not Words†, and were a more militant group than the larger and more respectful â€Å"Suffragists†. The Suffragettes were growing impatient and started intensifying their campaigns, growing more and more violent. Incidents involving stoning and heckling MP's, confronting authorities, getting fined and not paying; leading to imprisonment plagued the headlines of newspapers on a regular basis. Although this was putting pressure on the government, it also had the negative effect of alienating the movement from the public who generally did not like this approach. The Suffragettes started launching attacks on property, attacking Key MP's houses or property, setting fire to pillar boxes (thus destroying the property of Her Majesty) and chaining themselves to rails outside important political locations. This caused intense dislike towards them, and caused splits within the group itself. A free vote showed that the Parliament was overall for women to have the vote, as long as an adult male suffrage was introduced aswell. This was so all the working class males would be allowed to vote which would be an adcantage to them, so the increase in upper class people voting (women) would not hurt their chances of becoming re-elected. They also did not want to be seen as giving in to what was literally terrorism. The government also had greater issues to deal with, such as the crisis in Ireland, and the threat of War with Germany. Compared to these issues, the womens demonstrations and attacks seemed a minor problem. In 1914, The First World War had begun. This was the first total war, which required the whole nations contribution. The Suffragettes and other groups called off their protests and volunteered to help the government in the war effort. They had failed to win the right to vote, at least in the years between 1900 and 1914.

Sunday, September 29, 2019

Criticism of Homer’s “The Iliad” Essay

Homer’s Iliad would have been severely criticized by Socrates, as depicted by Plato in The Republic. Plato is critical of Greek literature and mythology and even went so far as to propose a system of censorship in the ideal city. Plato believed myths to be lies and thus the propagation of these lies should be halted in society. In The Republic he wrote, â€Å"Whenever they tell a tale that plays false with the true nature of gods and heroes†¦they are like painters whose portraits bear no resemblance to their models.† In this excerpt, Plato is saying that when literature â€Å"plays false with the true nature of gods and heroes†-which means depicts false information-it paints a false impression of reality. Therefore Plato proposed a system of censorship to prevent this false depiction of reality. This censorship was primarily focused on protecting the impressionable youth. Plato felt that early exposure to fictional accounts would dull a person’s ability to make accurate judgments regarding matters of fact and might encourage some people to emulate the worst behavior of the tragic heros. As a result, Plato was severely critical of Greek literature and mythology. In viewing The Iliad, Plato would criticize it for several reasons. For one, throughout the epic the Gods use humans as pawns to do their own bidding-the argument can even be made that the entire Trojan war was started and developed as a result of Godly affairs. The reason the Trojans and Greeks fought was because of Helen, who was taken from the Achaeans and given to the Trojans by Aphrodite. Then when Thetis beseeches Zeus to make the Greeks to lose, they do. So the entire epic is largely a game between the Gods with the humans as their pawns. To the impressionable youth of Greece whom read this epic, this is hardly a positive aspect of life. This could easily bring about in them a cynical view of life-therefore in this respect Plato would be heavily critical of the Iliad. In inspection of Homer’s epic The Iliad, Plato would undoubtedly find that too many loathsome acts are committed and thus it should be censored. He would point to Paris’ cowardice, to Agamemnon’s abuse of power, and to Helen’s unfaithfulness to Menelaus. He would point to Achilles’ blood-thirst, to his abandonment of the Greeks, and to his bouts of rage. But although Achilles committed all these shameful acts in The Iliad, an  implicit message in the epic is the eventual destruction brought about by unchecked rage. The Iliad begins with â€Å"Sing, goddess, the anger of Peleus’ son Achilleus and its devastation.† We also know that Achilles is destined to die because of this rage. So although the various acts that Achilles commits are detestable, we can learn from his mistaken ways. In reading The Iliad, the Greek youth could see the effects of uncontrollable rage and learn the unfavorable fate destined to those who possess it. Theref ore Homer could defend his work by saying that not only shouldn’t The Iliad be censored because it could corrupt the youth, but if anything it should be championed for it teaches important lessons such as the results of unchecked rage. In defense of the Iliad, Homer might say that Plato fails to see past an equation between morally good characters and good literature. That is to say that Sokrates, or Plato who portrays him, erroneously believes that literature cannot be good if the characters it portrays are not morally good. But this is clearly not a fact-very often, in order to educate the youth and the population as a whole it is necessary to demonstrate the less than glorious aspects of life. An education based solely on the positive aspects of life fails to include the other facet of life-the immoral-which is fundamental to a well rounded education. In theory it might seem logical to censor literature which exposes people, places, or things contrary to what society believes should be emulated. Ostensibly, it makes sense to cover up cowardice, immorality, ignorance, corruption, etc. for these things might influence the youth negatively. But the truth is that we are all exposed to these things eventually. Therefore exposure to them beforehand in literature is especially important as it can be used as a tool to show that these immoral things are frowned upon. In addition, a well-rounded individual cannot be formed if he is only exposed to the positive side of life, for an entire other side exists-and being informed and aware of this other side is integral to an individual’s proper education. Naturally, Homer and Plato would see differently in respect to the effect The Iliad would have on its audience. Assuming the audience is the Greek youth, Plato would most likely believe it would corrupt their impressionable minds.  It would give them inaccurate ideas about how people should act and it would give them a taste of the horrors of war. Paris cowardly leaving the battlefield after losing to Menelaus, then going to his bedroom to make more love to Helen is not the way people in an ideal city should act. Neither is taking the daughter of a priest of Apollo and not returning her after a supplication by her father. Brutally murdering Hektor then dragging his body back to the Achaean camp, as Achilles did, is not the way people should act either. The youth of a nation, as Plato would agree, should not be educated in the ways in which people shouldn’t act but rather in the ways they should. Through a negative portrayal of the Gods and humans in general, the impressionab le minds of the youth would be forever corrupted and as such literature such as The Iliad should be censored. Homer on the other hand would say the opposite. He would argue that a well-rounded individual cannot be formed if he is only exposed to the positive side of life, for an entire other side exists-and being informed and aware of this other side is integral to an individual’s proper education. He could also defend his work by saying that not only shouldn’t The Iliad be censored because it could corrupt the youth, but if anything it should be championed for it teaches important lessons such as the results of unchecked rage (in Achilles). Censorship of literature that inaccurately depicts the correct way in which people should act was championed by Plato. As such, The Iliad by Homer would have been severely criticized as it depicted Gods and humans acting in ways contrary to those an ideal city would promote. On the other hand Homer would claim that sole exposure to the positive side of life makes for an incomplete education, and that through the reading of the epic, the erroneous ways of the characters can be learned from as ways in which not to act, and thus the Iliad should not only not be censored but if anything endorsed.

Saturday, September 28, 2019

Adult Educational and Training Opportunities Essay

Adult Educational and Training Opportunities - Essay Example Research has proven that baby boomers who approach the retiring age of 65 often find themselves in good health and willing and able to work (Kelch & Harris, 2000). Hence, there is enormous potential for adult education and training opportunities for them. Keeping in view the above scenario, the dilemma lies in how to steer educational and training efforts of adults towards helping the older adults (baby boomers) maintain their skills at workforce. A training need analysis would reveal that there are three key aspects involved in doing so: preparing the in-service, current pre-professional and paraprofessional educational and training opportunities, training certifications, funding and cultural issues as well as issues in climbing up the corporate ladder (New York State Office for Ageing, 2011). Research also shows that the baby boomers tend to be more ethnically diverse and have higher education level than preceding generations (New York State Office for Ageing, 2011). Shortages in l abor supply are likely to result as people providing ole age care will be simultaneously retiring in large numbers.

Friday, September 27, 2019

Should managers and management students study the history of Essay

Should managers and management students study the history of management from a critical perspective - Essay Example The study of the history of management is the basis upon which the entire profession set, and to deny students the opportunity to study it would also mean that the erosion of the profession has begun. Therefore, students and future managers have to study the history of management from a critical perspective because this is the only way that they can learn how to do better in their jobs. Furthermore, it is also important for a critical study of the history of the profession so that those who study it can not only be able to learn how the different theories of management evolved, but also be able to come up with better theories, which might help future managers. The study of management history from a critical perspective is immensely important for the continued development of the profession. The critical study of management history is extremely important for managers of organizations because of the fact that they get to learn how to better manage the changes that are affecting their or ganizations. It is a well known fact that in most organizations, very few changes are effectively implemented by the managers who attempt to does so, with the success rate being so low that one would say that they are negligible. The reason for these low rates of success is that there is often resistance from the employees because of the fact that the managers do not know how to address these changes before attempting to implement them. The managers of many organizations often ignore the feelings of their employees when implementing changes and when they meet resistance, they often take an antagonistic stance towards it. This is because many managers in the current generation have not had an opportunity to make a critical study of management history and attempted to learn from past management practices how to manage their employees. Many managers view resistance to change from their employees as being a way to sabotage the activities of the organization, and often take an adversaria l approach towards it. These managers are often ignorant of the history of management, because of they had been aware of it, then they would have realized from the mistakes of their predecessors that an adversarial stance against employees does not work. Therefore, it is very important for managers to critically study management history in order to be able to better manage changes within their organizations (Bedeian 2004, p.93). The era of globalization has come about so fast that many companies have come to have a hard time in keeping pace with the sudden expansion of their markets. A large number of companies have expanded worldwide, and with this expansion has come the need for them to adapt to the different cultures that they encounter. Therefore, it is important for managers to get to learn about the history of management from a critical perspective in order to be able to know how to function in different environments. The history of management from diverse sources all over the world, when studied critically, can be most enlightening for managers as well as students of management (Smith 2007, p.523). This is because of the fact that, even in management, there is the need for cultural relativism, especially now when many organizations are operating on a global scale and interacting with diverse cultures. Cultural relativism

Thursday, September 26, 2019

Interpersonal Conflict Management in Children's Homes Essay

Interpersonal Conflict Management in Children's Homes - Essay Example In-depth interview of staff and observation of children’s interaction in their natural setting were used to collect data where thematic analysis was continuously being employed. The investigation first found that conflict issues among children in care- giving settings were identified as being linked to material items, name-calling, performance of chores, and the use of electronic devices. Secondly, the conflict management strategies employed, and the outcomes of these strategies were preventative and reactive measures, which resulted in both resolution and reoccurrence of conflict behaviour. It was then determined that there is a preference for third party intervention by staff to manage interpersonal conflict among children in these care giving communities, however it was concluded that mediation as such third party intervention is not suitable for Children’s Homes. I would like to acknowledge the management and administration of the five children’s homes studie d for granting me permission to conduct research at their residences. I am especially thankful to the staff that allowed me to interview them and willingly provided the information needed. Also, adult residences of two homes allowed me to interview them, and I would like to express my gratitude for their personal accounts, and grateful to all the persons in the homes inclusive of children whose interactions I had observed. As defined by the Trinidad and Tobago Children’s Community Residences, Foster Homes and Nursery Act 2000.

Wednesday, September 25, 2019

Materials Essay Example | Topics and Well Written Essays - 500 words

Materials - Essay Example 3D printers are efficient and simplifies most processes during manufacturing; they can easily build things compared to old machines. Consequently, introduction of automatic machines will increase the cost of production. Automated milling machines have rendered factories efficient in their manufacturing processes. Most modern products cannot be manufactured using old machineries (Markillie 1). There is a corresponding change in the materials used in making modern products such as carbon-fiber composites. Software use in factories is increasingly gaining precedence in modern societies. Social manufacturing is equally ginning prominence in the modern world. The third industrial revolution will benefit developed countries, according to Markillie. Application of 3D printers renders most industrial processes simple and easy to undertake. 3D printing functions through progressive processes of layers based on information provided by computer programs. Different designs supported by software applied in 3D printers work by piling materials in successive layers. In other situations, 3D printers may use powder as the materials applied in manufacturing. The process involves spreading powder on thin layers of build trays and an additional squirt of semi-liquid or liquid binders. The process may also involve laser sintering; melting into the required shape. Other additional materials or unfused powder is applicable to strengthen complicated structured built using 3D printers. Diverse materials can be printed using 3D technology including ceramics, metals and plastics. 3D printers can also combine materials to enhance their strength and rigidity. 3D printers are also applicable in the production of living tissues. It is possible to prin t food, as well, using 3D technology. Based on research, it will be possible to make other large body organs in the future using 3D printers. Additive manufacturing

Tuesday, September 24, 2019

Marketing Strategy Text and Cases Essay Example | Topics and Well Written Essays - 250 words

Marketing Strategy Text and Cases - Essay Example The firm’s versatility and diversity in terms of leadership and management have increased and maintained its client base to over 60 million users daily. This has been achieved through a leadership style that is characterized by decentralization, free-thinking, and delegation of duties and responsibilities as a culture within the organization (Lowry, 2005). As a multimedia sports entertainment company ESPN has had tremendous headways into profitability by entering into a contract with the National Football League (NFL). This deal has seen ESPN’s TV channels gain a massive following for screening live NFL games to millions of Americans (Green, Costa & Fitzgerald, 2002). Targeting the youth in their strategies have seen the firm increase its viewership base and bolster the loyalty of its customers for years to come. To keep up with the competition, ESPN has increasingly been paying higher prices to lock up new major league baseball and pro football rights from their competitors like Comcast (Ferrell, 2012). Competition has had to spend more money to deliver the same quality of sports entertainment to its customers due to increased competition. This threatens the firm’s envisaged growth because current expenditure leaves little resources to be invested in new projects (Subramani, & Rajagopalan, 2003). ESPN charges the higher fee for its cable services compared to other companies, which has generated a lot of ill will towards the company. ESPN risks losing a lot if its phone project does not gain attention in the market, which will translate to the idea being a white elephant for the firm. Adopting cross-platform strategies including the social media will bolster the firm’s advertisement field and help it reach audiences (Churchill Jr, & Iacobucci, 2009).

Monday, September 23, 2019

Work ,Retirement and Economic status Essay Example | Topics and Well Written Essays - 250 words

Work ,Retirement and Economic status - Essay Example They are thus forced to seek employment to support the little pension or social security schemes they are eligible to. The employment trends in the US reveal that more elderly population are choosing to retain their employment or get back to some sort of employment some years after their retirement. Various reasons are attributed to these and include desire to keep fit, as a means of killing boredom, or to supplement their incomes. The narrator notes that growing old do not mean that the productivity of this demography is totally at its knees. Instead, most of them choose to find some part time jobs to support their diminishing incomes. To illustrate this it can be seen that those economies with generous social security schemes tend to have reduced number of adult under employment. On the other hand, those with limited benefits have more aged people under employment. In US, for instance, the number of old Hispanics and Blacks still under employment is high since most of them do not enjoy the social security benefits either due to ignorance or lacks of jobs in their productive years. In general, the video sounds warning bell that people need to prepare early emotionally, economically socially so as to avoid economic catastrophe among the elderly in the near

Sunday, September 22, 2019

Case Study Boeing Aircraft Company Essay Example | Topics and Well Written Essays - 250 words

Case Study Boeing Aircraft Company - Essay Example change in the market, its management had difficulty co-ordinating activities towards its goals as a result of hierarchical management style; problems that had to be resolved by a willing leadership that is open to new ideas. It was imperative that the management of Boeing takes these into account and comes up with a more effective organisational structure and adapting to a newer organisational culture in order to achieve the company’s objectives. Such change, however, is a worthy risk venture. It is expected that it could be highly resisted by both employees and operational managers. The resistance could emanate from the fear to change (Donnelly et al., 1995). Resistance could also be as a result of fear of losing something valuable or just lack of trust in the management. The large number of employees at Boeing compounds the difficulty of the situation making the change opted by Condit an uphill task. But Condit presents to fore a leadership that can mitigate the upheavals of Boeing by adopting the democratic approach of leadership where he consults his staff. In turn, they feel part and parcel of decision making. This is in contrast with the traditional autocratic style that had been adopted by Shrontz that â€Å"kept every employee at their place.† Thus, with Condit, one foresees a Boeing with a new organizational structure and culture that is embraced by its employees. The present organisational structure and systems adopted by Shrontz were facing a number of issues emerging from the traditional management approach adopted. Condit had the tough task of changing the culture of an organisation in order to enhance its performance and meet stakeholders’ needs. This paper will examine the problems that Boeing was facing and will unveil how an appropriate leadership style can facilitate change. A major issue for Boeing comprised the aggressive environment that the firm was operating in. Boeing was facing tough competition from other well established

Saturday, September 21, 2019

Leadership Assessment Essay Example for Free

Leadership Assessment Essay Leadership can be best defined as beauty. One may say that is in the eye of the beholder. The best managers consistently allow different leaders to emerge and inspire their teammates. My prior organization, Comcast Corporation, a telecommunications provider, mission statement is to deliver a superior experience to their customers every day. Jason Biske, whom is Director of Sales and Operation, created an environment where Comcast is focused solely on customers by building relationships. When we would see him, he would always speak and ask how your day or sales was going. Jason was really big on keeping the sales floor informed of new promos or contests that were going on by sending constant email communications, ongoing training sessions, or holding focus groups on various processes of improvement in the sales process. When it came to leadership styles, Jason Biske demonstrated several. He embraced democratic, coaching, pacesetting, and authoritative. He initiated structure and created an environment that made you feel a part of something. Along with that he showed consideration. We felt like our opinions mattered and there was a concern for the employees. Leaders provide a sense of direction for the employees of the organization. Without this sense of direction (both strategic and ethical), the organization and its employees could easily lose their direction.In order for any leader to be successful all styles need to be incorporated. Leaders, therefore, are given the responsibility of creating and shaping culture. The organizational structure that has been created has positioned the company in the smartest way possible. † As the world changes, the culture of organizations must sometimes be re-shaped to better fit the environment and the overall strategy of the organization (Buhler)†.Comcast strongly believes in teamwork, integrity, creativity and commitment within the organization. Managers must be convinced of the benefits as well as higher performance for their teams if they are to become enthusiastic leaders of change. â€Å"Above all, senior executives should encourage managers to think big: the new world of work opens up new possibilities for how companies define their boundaries and organize work (Lund, 2012)†.Having such a strong team of leadership gives employees as well as potential talent something to look forward to in regards to a career. The positive thing about having a clear organizational structure is simply it allows you to see the formal relationship that exits between the departments. Jason Biske‘s job as director was to improve the sales process and increase revenue in the sales department. As a result he increased revenue by 24 percent. He also rolled out a process called Sales Pro which would make the sales process simpler by focusing on relationships. Even though his styles motivated employees, he used communication through m ass emails mostly. On a daily basis, you would receive several reports on how the company is profiting. At my career level no one understood how we were contributing to these successes. Jason would get you excited to make money but somewhere in there the leadership failed.† According to Moorhead and Griffin (1998) employee motivation and ability jointly contribute towards employee performance and the most challenging task of the managers is to motivate employee to execute the utmost of their ability†. (Iqbal)†. When you have middle managers that are not as excited about their jobs, it is hard to keep the customer service reps motivated to sale the product or meet numbers when the objectives are not clear. In an organization, an individual has to be seen as a contributor. Most importantly, you have to keep your employees motivated. Most people never make it to the top because they are successful at being a doer instead of being a leader. â€Å"Leadership is more about inspiration, about guidance, about communication and building trust among the team. Management is probably the day-to-day running of an organization. It is about developing and organizing aspects of your businesses and running those businesses (Toor, 2011)†. Some best pra ctices that organizational leaders can follow are 1. Accept feedback from the people that work with you. No one knows best other than the people that deal with the customers every day. Some of the most successful companies are profitable because the organizational leader listened to what the employees shared. There is value in shared values. Secondly, try a crazy idea every now and then. Employees like creativity and a challenge to keep them on their toes. Lastly, show courage. Effective leaders sometimes have to issue orders whether or not it means they are popular or not. If you are leading effectively then your team will support you. Leaders are made, not born. â€Å"I consider leadership as something long term with a clear vision of what to achieve. Management, however, is more about function; it’s short-term and involves setting a target and achieving it. Diversity is not only important to the work environment and the business but it can also have some legal ramifications if not followed properly.† Workplace Diversity refers to the variety of differences between people in an organization. The roots of diversity does not begin to range from race, gender, ethnic group, age, personality, educational background etc., rather it begins from perception of the employees towards each other (Andrew Patrick, 2011)†. Ccompanies that embrace employees from different cultural backgrounds, experiences and even countries are better positioned to succeed in this century. Hiring a diverse workforce helps a company stay in compliance with employment laws and build workplaces that are more inclusive. It also assists employees in reaching their fullest potential. When hiring and managing employees from different cultures and backgrounds it can be challenging, but it can also be very rewarding. â€Å"Diversity is not a photo opportunity. Anybody can recruit anybody. Keeping people is the challenge (Sreedhar, 2011)†. Most corporations have diversity council which allows you to manage diversity globally therefore allowing others to learn from different perspectives and cultures. From a business perspective, companies have become more innovative requiring expansion into global territories. It requires them to move people as well as products around. With that being said, a company must be able to understand international customers, their commerce and their competition better than before. Works Cited Andrew Patrick, H. (2011). Knowledge Workers Demography and Workplace Diversity. Journal Of Marketing Management, pp. 2(2), 38-73. Buhler, P. M. (n.d.). The evolving leader of today. Supervision. pp. 59(12), 16. . Iqbal, J. Y. (n.d.). EMPLOYEE MOTIVATION IN MODERN ORGANIZATION: A REVIEW OF 12 YEARS. Interdisciplinary Journal Of Contemporary Research In Business,. pp. 4(3), 692-708. Lund, S. M. (2012). Preparing for a new era of knowledge work. pp. Mckinsey Quarterly, (4), 103-110. Sreedhar, U. (2011). Workforce Diversity and HR Challenges. Advances In Management. pp. 4(10), 33-36. Toor, S. (2011). Differentiating Leadership from Management. An Empirical Investigation of Leaders and Managers. Leadership Management In Engineering, pp. 11(4), 310. doi:10.1061/(ASCE)LM.1943-5630.0000138.

Friday, September 20, 2019

Jetblue Airways SWOT and Financial Analysis

Jetblue Airways SWOT and Financial Analysis Executive summary In this report, the financial position of JetBlue Airways Corporation, a low-fare, low-cost passenger Airline Company serving the US market, is studied in order to provide recommendations to the company with regards to its investments plans. By the year 2003, the company is intending to support its growth through the acquisition of several new aircraft over the coming 13 years. The company will thus need a high capital expenditure to support those acquisitions, as well as several related investments. For the purpose of this study, a SWOT analysis of JetBlue as by its position in June 2003 is performed. A background research is conducted in order to assess how other airline companies are financing their aircraft acquisitions and other investments, and in a broader aspect, study the specificities of their financial structures. The different financing alternatives available to the company are presented and studied in relation to the financial position of the company. A non-financial analysis of the debt and equity options is conducted, in order to assess the relevance of each of those options with regards to all areas of the business other than finance. The outcomes of those analyses are combined and a recommendation is issued to the Chief Financial Officer of JetBlue: It is recommended that the company issues common stock in order to finance the needed investments in the second half of 2003. In a longer-term perspective, it is recommended to the company to use leases and secured debt for the upcoming aircraft acquisitions when favorable terms are available to the company, and to finance the remaining parts of the investments through cash generated from operations and through issuance of new equity, in order to compensate for the increasing financial and operational risks of the company. Problem Definition JetBlue Airways Corporation is a low-fare, low-cost passenger airline company serving the US market. The company completed an IPO in April 2002, around two years after it was founded. JetBlue has had a successful business model and strong financial results during that period, and performed well in comparison to other airline companies in the US during the period between 2000 and 2003. The company, as by July 2003, is seeing several opportunities to grow by adding new markets and new flights to existing destinations. To accomplish this growth, the company is seeking to purchase 65 new Airbus A320, with an option to buy additional 50 ones, and also committed to purchase 100 Embraer E190 aircraft, with the option to purchase 100 additional ones. The company needs thus to think about a way to finance those acquisitions, as well as other needed investments such as spare parts, new engines, additional hangars and a flight training center. John Owen, the Chief Financial Officer of JetBlue, is in charge of finding the best financing scheme for the company. The problem facing John Owen is twofold: First, he needs to finance the acquisitions planned for the second half of 2003. Indeed, for the period from July 1 to December 31, 2003, the company has committed to purchase 8 Airbus A320 aircraft, for a total amount of $305 million to be paid in 2003 (Exhibit 8). The company is generating cash from its operating activities that amounted to $129,725 thousand for the first half of 2003, and already generated $238,989 thousand from financing activities (Exhibit 6). This will cover for part of this capital expenditure estimated at $570 million for 2003 (Exhibit 9). So John Owen needs to finance the remaining part of this capital expenditure. Second, John Owen needs to think about a long-term financing strategy. Indeed, JetBlue is committed to the purchase of 207 additional aircraft for a total amount of $6.86 billion over 8 years. Owen has to think about the best capital structure for the company and thus the best financing strategy for JetBlues investments, including the aircraft acquisitions and the related investments. SWOT Analysis Strengths The first strength of JetBlue is its founding teams background. Indeed, the company was founded by a veteran in the low-fare airline industry, backed by a group of private equity firms. The management of the company has also the expertise of leading a publicly held company, following the IPO in 2002. The company has a successful business model and exhibits strong financial results, as well as strong revenue growth despite the downturn in the industry following the terrorist attacks of September 11, 2001. Thus, JetBlue is a perceived as a solid and growing company by the investors. The low operation costs of JetBlue are one of the most important strengths of the company. The company is utilizing aircraft efficiently generating more revenue per plane. The company is also operating one type of aircraft, the Airbus A320, thus lowering maintenance and training costs and spare parts needs. The workforce of JetBlue is non-unionized and does not benefit from strict work regulations. The distribution costs of JetBlue are also low. Indeed, the company does not provide any paper tickets. The company operates only new airplanes, thus minimizing maintenance costs and offering a good â€Å"flying experience† to its customers. The company also benefits from its reliable on-time performance, comfortable airplanes, and friendly flying personnel to attract and secure its customer base. The company serves densely populated cities in underserved airports, with high fares. This strategy helps the company capture market share in these segments. The company is financing its existing aircraft through secured debt and operating leases, on favorable terms. Those financing possibilities are still available for the company for additional aircraft purchase. Weaknesses A considerable weakness of JetBlue is its small size. The company is operating 42 aircraft, for 73 flights per day and annual revenues of $635 million. The company can probably not rely on its personnel loyalty, due to the non-advantageous working conditions and regulation. The company is operating only one type of airplane, the Airbus A320. This represents a weakness for the company as well. Indeed, the planes have the same age and might all suffer at the same time from an eventual recurrent technical problem on this type of aircraft, which should be catastrophic for the company. JetBlue does not have a line of credit, or short-term borrowing facility. Therefore, the company depends on its operating cash flow to finance its short-term and working capital obligations. The balance sheet of the company also needs to be strengthened. JetBlue also faces one of the airlines principal risks which is the rising fuel price. The company is spending a considerable amount of money in hedging for fuel prices volatility. In addition, as the company is relatively consuming low volumes of fuel, it can suffer from significantly higher prices in case of fuel shortage. JetBlue is a levered company. With a short-term debt of $26,580 thousand and a long-term debt of $731,740 thousand as by June 2003, and equity of $480,594 thousand, the companys leverage ratio is 157.8%, whereas the industry average is around 129.46% (Infinancials). Opportunities Internal The purchase of the new 100-seat Embraer E190 aircraft would allow JetBlue to enter smaller markets while maintaining low operating costs, and increase flight frequency on existing routes. The private placement of convertible debt proposed by JetBlues investment bankers would provide sufficient capital at relatively low interest rates. JetBlue is a fast growing company, and should thus bear having less debt. The company has thus the opportunity to raise additional equity. External The low fares offered by JetBlue would allow it to attract new passengers who might otherwise not fly. The mid-sized market that JetBlue intends to enter will represent a new opportunity for growth to the company. By expanding its activities, the company will purchase larger volumes of jet fuel and would thus have more leverage in procuring fuel than today. The company will thus suffer relatively less from fuel shortages. Threats Internal The company is intending to grow and become an airline company â€Å"like the others†. JetBlue might thus lose its advantages from being low-cost, small and highly profitable. The company is clearly departing from its strategy, which has been the source of its strengths up to 2003. JetBlue plans to purchase a new type of aircraft, the Embraer E190. This is again a departure from the companys initial strategy which is to operate only one type of aircraft. JetBlue might thus incur higher maintenance and training costs, higher spare parts and engines costs, and some negative impact on the maintenance scheduling. JetBlue plans to increase its aircraft fleet from 45 to 252. In addition, the company plans to invest in other domains such as spare parts, new engines, additional hangars and a flight training center. This represents a very big investment and thus a consequent threat for the company. Such an investment will let the company more exposed to financial distress and raises the question of the management ability to cope with such a rapid expansion. The company board members are very concerned about dilution. There is a threat that they will not support John Owen, the CFO, if he recommends to raise new equity capital. With the rapid expansion of the company, the jet fuel expenses, as well as the cost of their hedging will grow rapidly. The company will be more exposed to both the fuel price volatility and the growing cost of hedging it. As the company will get bigger, with higher manpower, those might want to be unionized. External The fuel price is also an external factor due to its non-predictable volatility. JetBlue plans to be the launch customer for the new Embraer E190 aircraft. Although this allowed probably the company to have a price discount, it is also a threat. JetBlue might be exposed to technical and/or non-technical problems that have been not detected by the manufacturer or other users of the jet. The reason for the company to go public was to wean off its dependence on the venture capital and private equity industries. Issuing private debt securities represent a threat for JetBlue as this might lock back the company to such private investors. In addition, those investors and the private investors in general might not be interested by the eventual convertible debenture issued by the company. JetBlue is a small client of Morgan Stanley, the investment bank in charge of proposing financing alternatives for the company. Morgan Stanley might thus charge heavily JetBlue, and/or try to bias the companys choice for its benefit. The competition from other low-cost and regular airline companies which might try to counter JetBlues expansion. The revenues of the company and its growth aspirations are subject to the economic conditions. An economic downturn or additional terrorist attacks might impact negatively JetBlues ability to finance its debt obligations. The company will also have to secure additional airport gates which will represent a threat for the company in case it cannot negotiate advantageous conditions as with underserved airports. The alternatives In order to finance the acquisitions planned for the remaining part of 2003, JetBlue received two financial propositions from the investment banks. The first alternative is to issue additional 2.6 million shares at an estimated $42.50 per share. JetBlue will thus be able to raise up to $110.5 million. The fees and commissions of the bank for this proposal amount to $3,591,250 which represents a cost of 3.25%. The second proposal from the investment banks is to issue $150 million in a private placement of convertible debentures. The debentures will be a 30-year convertible debt with a coupon rate of 3.5%. In addition, the debt will be convertible into shares of JetBlue at $63.75 per share, which represents a conversion rate of 15.6863 shares per $1,000 principal amount of notes. The notes will be unsecured obligations and will rank equal in right of payment with all other unsecured debt. Currently, all of JetBlues debt is secured. The bank will not charge any additional fees for this alternative. JetBlue can consider some other alternatives as well. Indeed, the company can issue some preferred stock. This stock might be considered as equity in accounting, to strengthen the balance sheet of the company, but will at the same time accommodate the board members concern about dilution. This preferred stock option might however fail to attract investors. Another alternative might be the issuance of simple corporate bonds. The coupon rate for those will however be higher than the 3.5% of the convertible bonds. This option will thus cost more for JetBlue than convertible bonds, especially before the companys shares price eventually exceeds $63.75. Issuing public corporate bonds will have higher cost for the company as well. Indeed, those need to be ranked by some ranking agencies and will have higher coupon rates (Exhibit 12). Two other alternatives exist for JetBlue, for the aircraft acquisitions financing: The operating lease and the secured debt (each acquisition debt is secured by the acquired aircraft). Those two options are available for JetBlue at advantageous conditions. Thus, the alternatives that will be retained for the remaining of the analysis are the operating lease and secured debt for the aircraft acquisitions, and the equity issuance and the convertible private bonds for the acquisitions and the other investments. Background Research Some background research has been performed in order to assess how other airline companies are financing their aircraft acquisitions and other investments, and in a broader aspect, study the specificities of their financial structures. This study included some regular as well as low-cost airline companies. British airway, for example, is financing its aircraft acquisitions through debt, all of which being asset related. The group is principally using finance leases and hire purchases contracts to acquire aircraft (British Airways Annual Report 2010, p.104). Delta Airlines, on its side, is using pass-through certificates to finance aircraft (Delta Airlines Annual Report 2010, p.34). In addition, the company has $5.2 billion of loans secured by 287 aircraft (Delta Airlines Annual Report 2010, p.72). United Continental Holdings has a high amount of obligations, including debt, aircraft leases and financings (United Continental Holdings Annual Report 2010, p.53). A substantial portion of the companys assets, principally aircraft, are pledged under various loans and other obligations. The company also uses secured notes, equipment notes, pass-through certificates and multiple financings secured by certain aircraft spare parts, aircraft and spare engines (United Continental Holdings Annual Report 2010, p.55). United Continental Holdings also raises cash from issuance of common stock (United Continental Holdings Annual Report 2010, p.56). The low-cost airline companies seem to be, on their side, more conservative. Indeed, EasyJet is adopting a conservative capital structure policy, including a liquidity target of  £4 million cash per aircraft, and a 50% limit on net gearing (EasyJet Annual Report 2010, p.9). All of the companys debt is asset related (EasyJet Annual Report 2010, p.85). The company holds 62 aircraft under operating leases and 8 aircraft under finance leases, out of 196 total aircraft, principally Airbus (EasyJet Annual Report 2010, p.87). RyanAir, another low-cost airline company, has a fleet of 232 Boing 737-800s. The company makes its firm-order purchases through a combination of bank loans, operating and finance leases and cash flow generated from the companys operations (RyanAir Annual Report 2010, p.42). Both RyanAir and EasyJet exhibit a capital structure that relies less on debt than the regular companies counterparts, as illustrated by the following table: It is important to mention that some small airline companies choose to issue bonds for their investments as well. SpiceJet, an Indian airline company operating to Mumbai, Bangalore, Ahmedabad, Pune, Goa and Delhi issued in 2005 foreign currency convertible bonds worth $90 million to fund aircraft acquisitions (IndiaAviation, 2005). All in all, airline companies are using both debt and equity (together with other financing means, including cash flows generated from operations) to raise money. In its ‘Airlines return to capital markets article, David Knibb (2009) summarizes the ways several companies found financings: Lufthansa, Air-France KLM, British Airways, Air Canada, Australias Virgin Blue, Avianca and Indian carrier Kingfisher all issued bonds during 2009. AMR used private lenders to borrow money. Some other companies, smaller, chose to issue shares: SAS, Virgin Blue, AirAsia, Kingfisher, and Icelandair. From this study, it appears that the majority of airline companies are financing their aircraft acquisitions, apart from using cash flow generated by operations, through debt, either leases or secured debt. Other investment needs are financed either through debt or equity, depending on the companies. However, a common trend to low-cost companies seems to be their conservative financial structures, in comparison to bigger, regular airline companies. Financial Analysis of the Alternatives As per June 2003, JetBlue Corporation has a short-term debt of $26,580 thousand, a long-term debt of $731,740 thousand and equity of total $480,594 thousand (Exhibit 5a). In order to compute an average interest rate for the company, data from 2002 are used: The interest expenses for this year equaled $10,370 thousand (exhibit 4), for a total long-term debt of $690,252 thousand (Exhibit 5a), thus an interest rate of 1,5%. The tax expenses as per June 2003 are of $40,188 thousand for a total earnings before tax of $95,503 thousand (exhibit 4), thus a corporate tax rate of 0.42. From exhibit 1, the JetBlues equity beta during the period from April 2002 to June 2003 is 0.69. As per the data from Exhibit 5a for June 2003, the financial structure of the company was as follows: From the Hamadas formula, we can compute the unlevered beta of JetBlue as follows: Beta(u)=Beta(l)/[1+(1-T)*(Wd/We)] With Beta(l)=0.69, T=0.42, Wd=61.21 and We=38.79 Thus Beta(u)=0.36 In addition, from exhibit 12, the Treasury bill interest rate as of June 30, 2003 is 1.09%, this will be used as the risk-free rate of return. Assuming a market rate of return 9 points higher than the risk-free return, we can use the WACC spreadsheet in order to estimate the financial structure of JetBlue that minimizes the WACC of the company: Appendix 1. It turns out that the company has an optimal financial structure, minimizing its weighted average cost of capital, following those estimated figures. Any of the two options, either the convertible debt or the equity, will probably pull the financial structure from its current optimal position. For the first alternative, the convertible debenture, the coupon rate of this bond is 3.5%, for a total amount of $150,000 thousand. The weighted average cost of debt for JetBlue, if they issue such bonds, will be: [(3.5%*150,000)+(1.5%*731,740)]/(150,000+731,740), thus 1.84%. The financial structure of JetBlue will be as follows: Using the WACC spreadsheet, we can see the companys financial position with regards to the optimal financial structure of JetBlue following the new cost of debt: Appendix2. If JetBlue chooses the debt option, the financial structure of the company will no more be the one offering the minimal WACC. The same analysis can be done for the second alternative. Following the shares issuance, the financial structure of JetBlue will be as follows: Using the WACC spreadsheet, we can see the companys financial position with regards to the optimal financial structure of JetBlue following the raise in equity: Appendix3. From this analysis, it can be noted that JetBlue will still have a financial position that minimizes the companys weighted average cost of capital, thus maximizing the overall value of the companys stock. It can be concluded, from a financial point of view, that the best alternative for the investments planned for 2003 is the equity issuance. Non-Financial Analysis JetBlues passenger revenues knew a steady growth from 2000 ($101,665 thousand) to 2002 ($615,171 thousand). The revenues are forecasted to continue to grow up to a level of $1,796.9 million in 2005 (Exhibit 9). This revenue stability and expected high growth provide a strong confidence to JetBlue in its ability to meet its financial obligations, thus having the opportunity to issue either debt or equity. The companys assets amount to $1,565,322 thousand as per June 2003. Those assets are principally composed by operating property and equipment, which are pledged under the operating leases and secured debt of the company. If JetBlue chooses to finance its future aircraft acquisitions by debt, the acquired aircraft can be used to secure the corresponding debt. JetBlue, as any airline company, incurs very high fixed costs due to its high value operating property and equipment. The company has thus a very high operating leverage and is greatly exposed to the risk of cash flow projections errors in case it does not meet the projected revenues figures. Any variation in the estimated revenues, might lead the company to a position where it could not meet its financial obligations related to debt. From this point of view, JetBlue needs to secure its cash flows. As stated earlier, the company revenues knew a high growth for the precedent years and are expected to continue growing steadily. This high level of growth allows the company to rely on equity. JetBlue is a profitable company, in comparison to peers, as stated in the following graph: JetBlue exhibits good levels of gross margin and operating margin. Furthermore, the companys return on sales, return on assets and return on equity are higher than industry averages and the company can be said to be quite profitable in comparison to company peers. This offers some flexibility to the company to rely on debt. JetBlue has a high level of tax rate (0.42), this allows the company to have an even lower cost of debt and offers the company the advantage of being able to rely more on debt in order to minimize its weighted average cost of capital. All of the companys debt is secured. In addition, the company does not have any line of credit, or short-term borrowing facility. The company does therefore not have any control restrictions or obligations towards its creditors. The shareholders of the company are on their side very concerned about any dilution. This fear of losing the control of the company limits the possibility of the CFO to issue new equity. The founding and managerial team of JetBlue is issued from the airline industry. They are used to manage a highly leveraged and public company. They should thus have a positive attitude towards high levels of debt. They should be able to deal with the opposite aspect (issuing more equity) as well. JetBlue does not need any rating agency for the issuance of the bonds, as those are private. The alternative of issuing public bonds has been eliminated as this one will incur higher costs for the company. The lenders of the company seem on their side to have a positive attitude towards the company, which should be able to issue additional secured debt for its aircraft acquisitions with advantageous conditions. The company has been performing well in the recent years. However, many major US air carriers struggled between 2000 and 2003, and some of them filed for bankruptcy protection. The market is impacted by a general economic slowdown caused partly by the terrorist attacks of September 11, 2001. The market is also subject to big variations depending on several unpredictable factors, like political stability, weather conditions, natural disasters, terrorist attacks etc. All of this calls for some financial conservatism for the airline industry. The internal stability of JetBlue will probably continue to hold, unless the company faces some financial distress, or if the shareholders are no more supporting the management team. From a short-term point of view, John Owen might lose the shareholders support if he goes for equity issuance. From a mid to long-term point of view, he might as well negatively impact the internal stability of the company if he is not conservative enough to avoid any financial distress situation. The debt offering will afford JetBlue less financial flexibility, especially due to the jet fuel prices. If fuel prices rise, this will incur less operating income and thus some difficulties to the company to meet its additional debt service payments. Owen has also to review his hedging strategy of the fuel prices volatility: If the company chooses to hedge more of its fuel consumption, it will incur much higher hedging costs. If on the contrary the company chooses to reduce hedging costs, it will be more exposed to financial distress when the prices increase. Conclusion: The best solution JetBlues market capitalization can be estimated at around $3.12 billion (74,423,693 * $41.98) as per June 30, 2003. The company is intending to grow heavily in the following years, and has plans to acquire 207 new aircraft for a total $6.86 billion up to 2011,

Thursday, September 19, 2019

Americans Motivation to Work Essay -- Labor Supply Economics

American's Motivation to Work The majority of Americans get up each morning and go to work in order to earn money. But what are the true motivators for working and where do they come from? How do wage rates and other forms of compensation affect the quantity of labor supplied to the market? This essay will discuss how labor effects the economy. Each person working plays a role in society and production output. These are areas that need to be addressed when the supply of labor is being discussed. The motivation to work arises from a variety of social, psychological and economic forces. People need income to pay their bills, feel that they have a role in society and also feel a sense of acheivement. Although there is always a choice, that is not working and not getting paid. People choose between labor and leisure according to the percieved rewards of each. The marginal utility of labor reflects the satisifaction to be gained from added income, as well as any direct pleasure a job may provide. A worker compares these satisfactions with those of leisure and chooses the one that yeilds the greatest utility for available time and wage rates. As it may seem obvisous to some, the more a worker gets paid, the more encouragement that worker has to work more hours and produce more output. Thus, higher wages may increase the marginal utility of an hour's labor, this being a substitiute for labor. But it can also have the opposite effect. This being that if a wor...

Wednesday, September 18, 2019

Poem lucifer In The Starlight: New Meanings And Ideas :: essays research papers

Poem "Lucifer in the Starlight": New Meanings and Ideas Examining a poem in detail can bring out new meanings and ideas. By careful analysis, the full beauty of the poem can be appreciated. The poem "Lucifer in Starlight (p. 959)", by George Meredith, can be analyzed to refine the authors purpose, by examining every subtle hint, every possibility, for a deeper theme. Also, "deciphering" formal literary techniques such as metaphor, connotation, and symbolism is the key to unlock other expressions. The main theme of the poem is that Lucifer has no place out of his hell, and anything he tries to reenter heaven is futile. As with any poem, it is best to first examine how the title, "Lucifer in Starlight" relates to the body of the poem. Obviously, Lucifer is the defiant angel that was banished from heaven, and sent to the underworld of hell, where he known as Satan. The title refers to the devil as "in starlight", so this means he has to rise to a place where the stars are visible, not the fires of hell. This rising from the underworld is summed up in the first line. It is later explained that he is doing so because he is tired of his ‘dark dominion." Ironically, the first line refers to Lucifer honorably, as a "Prince", while in the second line he is tagged as a fiend. This leaves the reader feeling perplexed, yet still thinking of Lucifer as the enemy. At first it may seem as Lucifer has risen to the Earth, but it is further clarified that he has elevated himself above the "rolling ball". However, god imagined the world as planar, with heaven on a higher plane, and hell on a lower plane, not spherical as defined here. From his place in the stars above earth, Lucifer looks down through the clouds, and observes the sinners. He is talking about the denizens of the earth, for since Adam sinned in the beginning, all of his sons and daughters are also sinners. Perhaps he can relate to them, as he is also trying for entrance to heaven. For now , he sets his mind on the people who will become denizens of his hell eventually. Here Meredith shows how much hubris the devil really has, for the reader can just see Lucifer savoring over the masses entering his vile domain. Then, Lucifer peers at the most extreme places in the world, describing the sands of Africa. The Sahara desert with its barren, endless, undeveloped sand can seem like hell to anybody.

Tuesday, September 17, 2019

Another Man’s Poison and New Broom Sweeps

Better late than never. No discord, no concord. Love me, love my dog. A hedge between keeps friendship green. Good wine needs no bush. A wise goose never lays a tame egg. Money makes the mare go. Man proposes, God disposes. More haste, less speed. Spare the rod and spoil the child. Easier said than done. Grasp all, lose all. Action speaks louder than words. Waste not, want not. Talk of the devil and he comes. Let sleeping dogs lie. Nothing venture, nothing have. First come, first served. East and west, home is best. Home is home, be it ever so homely.Home is where the heart is. Strike when the iron is hot . The grass is greener on the other side of the fence. Where there's a will, there's a way. Where there is smoke, there is fire. Where there is life, there is hope. ‘ He who has health has hope. A burnt child dreads fire. A friend in need is a friend indeed. As you sow, so you shall reap. Barking dogs seldom bite. A bird in hand is worth two in the bush. Birds of a feather flo ck together. Call a spade a spade . Every cloud has a silver lining. All that glitters is not gold. Every dog has its day. God helps those who help themselves. Great minds think alike.He laughs best who laughs last. Never do things by halves . Still waters run deep. Jack of all trades and master of none. Look before you leap. Honesty is the best policy. One man's meat is another man's poison. Once bitten twice shy. Like father, like son, like mother, like daughter . Practice makes perfect . Rome was not built in a day. Robbing Peter to pay Paul. It takes two to make a quarrel. Time and tide wait for no one. To err is human, to forgive divine. What's done can't be undone. Two heads are better than one. When in Rome do as the Romans do. A new broom sweeps clean. To put the cart before the horseThe sky is the limit. A watched pot never boils. Two's company, three's a crowd. One swallow doesn't make a summer. You cant have your cake and eat it. Beauty is in the eye of the beholder. Teac h an old dog new tricks. That's where the shoe pinches. The truth will out. Soon learnt, soon forgotten. Live and let live. All work no play makes Jack a dull boy. Beauty is but skin-deep. Seeing is believing, All is well that ends well. Beggars can't be choosers. Let bygones be bygones. Better safe than sorry. No news is good news. Well begun, half done. A clear conscience is a soft pillow. A fall into the pit, a gain in your wit.A little spark kindles a great fire. It never rains but pours. Do as you would be done by. All men cannot be first. A man can die but once. People who live in glass houses shouldn't throw stones. A man is known by the company he keeps. A man may lead a horse to the water, but he cannot make him drink. An idle youth, a needy age. Apparel makes the man. Clothes make the man. A smart coat is a good letter of introduction. Business is business. Can the leopard change his spots? Count not your chickens before they are hatched. Dont trouble trouble until trouble troubles you. Every man has a fool in his sleeve. Might is right. epare for a rainy day. scratch my back and I will scratch yours. Early bird catches the worm. Walls have ears. Great talkers are little doers. A penny saved is a penny gained. A rolling stone gathers no moss. Charity begins at home. Give the devil his due, When the cat is away the mice will play. Life is Just a bowl of cherries. A thing of beauty is a Joy forever. Prosperity makes friends, adversity tries them. ‘In prosperity our friends know us; in adversity we know our friends. Catch not at the shadow and lose the substance. Fools rush in where angels fear to tread. A man is as old as he feels. Custom makes all things

Monday, September 16, 2019

Informatica Paramter File

Using Parameter file Using Workflow and Session Parameter File Simultaneously Author: Amit Singh Yadav Date written: 18/01/10 Declaration I/We hereby declare that this document is based on my/our personal experiences and/or experiences of my/our project members. To the best of my/our knowledge, this document does not contain any material that infringes the copyrights of any other individual or organization . Amit Singh Yadav Target readers: All Keywords: Informatica Parameter File, $PMMergeSessParamFile, workflow, informatica, parameter file, session, merge filesThe Challenge: Using Parameter file The challenge is to use session level parameter file and workflow level parameter file at the same time. The problem being that when you define a workflow parameter file and a session parameter file for a session within the workflow, the Integration Service uses the workflow parameter file, and ignores the session parameter file. Session Parameter File: It contains session parameters which contain values that can change from session to session, such as database connections or file names. PMSessionLogFile and $ParamName are user-defined session parameters. Also variables that we use in source queries like date criterion e. g. $$Lastrun Workflow Parameter File It contains workflow level parameters. For example, you can use a workflow variable in a Decision task to determine whether the previous task ran properly. In a workflow, $TaskName. PrevTaskStatus is a predefined workflow variable and $ $SessionName is a user-defined workflow variable. Problem Statement: Using both session and workflow level parameter file.First let me tell you why we need both the parameter files in our workflow. Recently we decided to use third party scheduling tool, Workload Manager (WLM), scheduling product by CA Inc. WLM schedules jobs across platforms e. g. dependent jobs across Informatica, teradata, UNIX MF can be scheduled together. Now the requirement of this scheduler is that 1. You nee d to have a scheduler level parameter file with all the sessions names used in the workflow. 2. You need to use this same parameter file as workflow level parameter file in your workflow.The problem we faced was that our current situation is: The sql query in our sessions is select * from where date >’$ $lastrun’. We have a session level parameter file and every time the session runs it picks $$lastrun from the session parameter file. At the end of the session a script is run which updates the $$lastrun with today’s date so that next time when the session is run it picks up data for dates > $$lastrun. This is how our session level parameter files looks: $ more mStaging_PCare. parm Using Parameter file [s_mStaging_PCare] $$lastrun=2009-12-20 —–? session_name ———- ? Lastrun dateNow if a workflow level parameter file is used, the variable $$lastrun will have to be mentioned in the workflow parameter file. And If we will mention $$ lastrun there, then Informatica will pick up the date from the workflow parameter file, while the session level parameter file variable, $$lastrun, will be updated by a script in the session so, we need something through which we can use both workflow and session parameter file. Solution: There is a very useful property in Informatica called $PMMergeSessParamFile which when set to TRUE will force Informatica to read both session and workflow parameter file.What we did was we created a new workflow parameter file with the all the sessions name in it and for every session we have set $PMMergeSessParamFile=TRUE. Now when workflow runs it looks for $$lastrun in workflow parameter file and when it does not find the value there, it looks for $ $lastrun in session parameter file. It gets the value there and session succeeds. In the end the script updates the session level parameter file with today’s date. In this way we were able to use both 1. Workflow level parameter file which wa s the requirement of WLM. 2.Session Level parameter file which was required by our session since the script updates session level parameter file and we did not wanted to change the script. This is how our new workflow level parameter files looks: $ more PCare_Staging_WLM. par [s_mStaging_PCare] ——–? Session Name – —-? parameterized connection $DBConnectionSource=Tera_ETL_VIEWS_NE $PMMergeSessParamFile=TRUE ——? Property set to true Using Parameter file After using this parameter file Informatica will pick up connection name from the above parameter file and $$lastrun from session parameter file since $PMMergeSessParamFile is set to TRUE.This is what was required. Usage: 1. 2. This property will allow users to use both session and workflow level parameter file at same time. Like in the scenario above. Suppose there are sessions which are based on Incremental logic i. e. Session level parameter file is automatically created by UNIX scrip t. Now if users wants to have parameterized connections for such sessions then either they need to change their script which generates parameter file or they can simple use $PMMergeSessParamFile and mention parameterized connection names at workflow level parameter file. . If users want a workflow to run two concurrent instances. If two workflows use same set of re-usable sessions then it helps in making parameter file names parameterized. It removes hard coding of parameter file name from sessions. For more details please refer Informatica help section. Path given below. Parameter Files > Configuring the Parameter File Name and Location References: Informatica Help Guide

Sunday, September 15, 2019

English Speech Essay

Objective: Copy and paste the questions and your answers, or attach your document. Remember to include your speech defending King George or supporting Patrick Henry, following the instructions in the lesson. 1. According to Patrick Henry, what is the basic question being debated at the Virginia Convention? Henry states that the debate was â€Å"nothing less than a question of freedom or slavery.† He then defined the level of the situation and says that slavery is a â€Å"retreat†. 2. What reasons does Henry offer to suggest that the British were not worthy of trust at that time? Henry’s main reason was that it was the British were collecting and gathering military services that are an essential for America. 3. What argument does Henry provide against the notion that the colonies are too weak to fight the British? He provides the argument that God has provided them with the required power to battle their enemy/rivals. If they sit around and continue to do nothing, they cannot win the battle. 4. What is Henry implying when he says that he is loyal to â€Å"the majesty of heaven†¦above all earthly kings†? What tone (manner in which an author expresses his attitude) does this statement hold? He is clarifying that he is loyal to God above anyone else. I believe the tone is a humble yet respectful one, though some may think otherwise. 5. Why are Henry’s final words so effective and memorable? His final words, â€Å"Give me liberty or give me death,† were so effective and memorable, because not only have they been used numerous times over the years, also they have become a representation and guide for our country. For him to say that to die for slavery as an alternative to having freedom is a very powerful and daring message that he finalized in his speech. 6. A rhetorical question is a question posed to emphasize a point, not for the purpose of getting an answer. Henry uses this device extensively throughout his speech. Find one example in the speech, quote it and explain what point he is emphasizing with those particular questions. â€Å"Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot?† In this rhetorical question, he is attempting to get the perspective that it is essential to do something. Otherwise, they cannot just believe and live on the hope that the British will overcome them; they  must fight back eventually. 7. Parallel structuring is the repeating of phrases or sentences which are similar (parallel) in meaning and structure; repetition is the repeating of the same word or phrases to create a sense of rhythm and emphasis. Find an example of parallel structuring and repetition in the speech. Explain why this device is effectively placed in the speech. â€Å"I know of no way of judging of the future but by the past. And judging by the past, I wish to know what there has been in the conduct of the British ministry for the last ten years to justify those hopes with which gentlemen have been pleased to solace themselves and the House.† The expression â€Å"judging by the past† gives Henry a sort of â€Å"justification† to what he is indicating. It is effectively placed in the speech because it further underlines his information of the circumstance. 8. Allusion is a reference in a speech to a familiar person, place, thing or event. Henry uses two allusions in his speech (they are highlighted in blue).What is the source of each of these allusions? -The first allusion is to mythology. â€Å"Sirens† were women in Ancient Greek mythology who were seductive and dangerously deceptive. Henry uses this to say that Americans should not be listening to the voices of the sirens, rather doing what they know is right. -This allusion is to the Bible (in the book of Luke, I believe). Jesus was with Judas and was explaining that a real friend would not kiss you and then turn around and betray you 9. Syntax is the study of sentence structure. Observe the length of the sentences in the first and last paragraphs of the speech. What differences do you find? How do these differences affect the tone of the speech? I find that as the speech gets closer to the end, the sentences get longer. This is highly effective, because shorter sentences cause a sense of urgency and forcefulness in his speech. 10. Diction is an author’s word choice, in this case the orator’s choice of words. In the third paragraph, Henry uses a string of verbs (highlighted in orange): petitioned, remonstrated, supplicated, implored. They are arranged in a climactic order, flowing from the mildest to the strongest. Find four synonyms for these verbs, and rewrite that sentence using your choices. Are they as effective as Henry’s choices? Why or why not? Petitioned: Appealed Remonstrated: Opposed Supplicated: Pleaded Implored: Beseeched Original: We have petitioned; we have remonstrated; we have supplicated; we have prostrated ourselves before the throne, and have implored its interposition to arrest the tyrannical hands of the ministry and Parliament. Reorganized: We have appealed; we have opposed; we have pleaded; we have prostrated ourselves before the throne, and have beseeched its interposition to arrest the tyrannical hands of the ministry and Parliament. -I reflect on both passages, and believe that it doesn’t contain a climatic order prior as the original. To compare, I don’t consider that is has its same meaning and contextual purpose as the original. I agree with the verbs previously than having to change them, as they had more of a connotation with it being in his speech. Speech: Option B: â€Å"Someone must support Patrick Henry so that his impassioned speech does not go to waste! You agree with what he has said and want to show your support. You take the floor with a dignified stance, clear your throat and say . . .† Unites States of America. Home of the free. Land of the brave. This is our country. Our lives depend on the philosophies on which we act upon, which requires much responsibility for us to defend. So, what then defines bravery? Bravery is not contained of inactive potential. Bravery is not courage, yearning, or determined reflections. It does not, nor should it not yield to the British. It is evident that they have amassed an army against us. They very well can perhaps overcome us and inhabit our homes if you like. This would be such a slap in the face, would it not? To sit back in an indolent state of obedience, retreating in fear. Do you want to be a nation overcome by the sensation of emptiness or failure? To answer that question, merely walk outside. Gaze at our flag that flows in the wind with pride and triumph. Henry’s speech was a call to action. If we do not have liberty, what are we? Without liberty and power, the American frame will develop into a fragment of the world’s recollection, disappearing in the shingles of time. You exist in in the home of the brave; Let us reinforce ourselves against malevolent and express integrity.

Saturday, September 14, 2019

Deterioration of the English Language

Word Count: 1,237 Denise Moreno Professor Carlene Coury English 120 13 April 2013 Deterioration of the English Language The English language seems to be deteriorating more and more each day. So many examples can be given to justify this observation. Three different writers have pointed out some examples of the butchering of the language. Martha Brokenbrough states that the constant use of instant messaging jargon and internetism can certainly be a good way to reshape the way we communicate. At the same time she writes it can also affect the way we communicate properly and professionally.Author, George Orwell, speaks about how we have developed words in the English language to disguise the true meaning for political causes. Orwell points out that we mask what we truly want to say, and at the same time, we confuse the reader by not making sense of what we write. Speechwriter, Clark Whelton, pointed out that vagueness is a growing problem in our mother language; therefore, college stude nts don’t know how to stop being vague while trying to communicate. Even though all three writers make different points about English decaying as a language, they all concur in the cause of this problem, laziness.Martha Brokenbrough states â€Å"So the key with Internetisms is to know when it's okay to use them, when it's not okay, and when not using them will make you look clueless† (149). Brokenbrough emphasizes that using instant messaging lingo is not bad, and it is appropriate in specific time and places, however, not knowing where and when to use this lingo, can cause confusion and make you look foolish. LOL is a very common phrase to hear nowadays, but when one goes to a job interview and can’t carry a conversation without using any of these abbreviations, it is not only unacceptable but disrespectful.The shortcuts we use may be making us look lazy and dumb when used at a courtroom or a doctor’s office as examples. LMAO seems impolite and childish when used at these places. This type of jargon is, however, necessary when texting and chatting in the world today to be considered hip and normal. One thing that is important to remember is to know when to use the instant messaging lingo and when to not use it as the author claims. More importantly, she explains that it does not take that much longer to use the correct words when needed so that others do not think one is dumb.Knowing when to use all these internetisms can save us embarrassment and make us seem cool if used correctly. â€Å"Most people who bother with the matter at all would admit that the English language is in a bad way, but it is generally assumed that we cannot by conscious action do anything about it†(446). In this quote, George Orwell states that it is not that we don’t know how to properly communicate our ideas, but we choose to do nothing about it to correct it. There are a lot of useless words that political writers tend to use when wanting to be unclear but with the intention of making writings seem as clear as water.Orwell mentions some types of these unnecessary words: dying metaphors, verbal false limbs, pretentious diction, and meaningless words. Dying metaphors â€Å"are merely used because they save people the trouble of inventing phrases for themselves†(448). The author is explaining that sometimes in writing there are a lot of recycled expressions that we all use generally as opposed to looking for our own and being original. What verbal false limbs do is that they â€Å"save the trouble of picking out appropriate verbs and nouns, and at the same time pad each sentence with extra syllables which give it an appearance of symmetry†(449).This quote is referring to the words we tend to use as fillers and again are meaningless to use in a sentence. Verbal false limbs are words that the writer can do without in order to make sense. Pretentious diction are words that are â€Å"used to dress up simple sta tements and give an air of scientific impartiality to biased judgments†(449). Words like â€Å"phenomenon† and â€Å"effective† get used to pursue the writer to believe the biased thoughts you may want to get across.Finally, meaningless words are â€Å"strictly meaningless in the sense that they not only do not point to any discoverable object, but are hardly ever expected to do so by the reader†(450). Using these kind of words is only good to persuade the reader into believing things that aren’t meant by the writer. All of these words are examples of bad choices while writing and once again an example of laziness. Orwell emphasizes that writers make the mistake of using all these words to express themselves, but in reality they just end up not being able to communicate what it was they really wanted to say. Playbacks and self-quoting (He was like, â€Å"Where are you going? † and I was like, â€Å"I'm going to work†) are the most dura ble symptoms of vagueness, and may find permanent homes in 21st century English†(Whelton, par. 14). This particular quote by the speech writer, Clark Whelton, highlights the most common way English has become vague. â€Å"Whoa, that is so wow† â€Å"well, like yeah† and â€Å"I mean like, you know† are examples of vague talking and the loss of proper English. Whelton points out that younger people, even having graduated from college, lack a sense of professionalism and good communicative verbal skills.He states that it is so common to hear people express themselves with â€Å"self-quoting, playbacks of past conversations, ‘up talking’ (ending declarative sentences with an interrogative rise), and run-on sentences†(Whelton, par. 2). The examples given are comparable with ways a child would communicate. After using these bad habits of communication over and over again, there is no doubt that knowing how to properly carry on a conversation disappears off the permanent memory. The author implies that if the problem of vagueness had been corrected at an early age, vagueness itself would have been a lot more contained than it is now.Along with Brockenbrough and Orwell, Whelton has insinuated that writers today have lack of thought for themselves, also known as laziness. Using abbreviations related to instant messaging, words that have no exact meaning or used as fillers, or simple vagueness such as â€Å"like†, is wrong when wanting to communicate in formal or professional way. Not only would using these types of shortcuts make one look dumb but also lazy. Possessing the correct skills to communicate verbally or in written form is as important as knowing how to match a clothes outfit.One is under the belief that using internetisms is going to save time, but unfortunately, that is only a myth. The truth is using shortcuts saves only seconds that can make the difference in appearing dumb, lazy, or intelligent. To s ound distinguished by using exotic or meaningless words, one might use as padding for our confusing writing, can cause one to appear dumb and lazy as well. Being vague does not help anyone in trying to clearly communicate what they truly want to say; it only makes people look childish and sluggish.All in all, the three writers agree that no one should opt for easy time saving abbreviations, fake fancy words, or vagueness that plagues us, to communicate properly and not be thought of being a dumb, lazy, childish person. Works Cited Brockenbrough, Martha. â€Å"Does IM make U Dum? †. The Conscious Reader 12th ed. Longman2012. 148-151 Print. Orwell, George. â€Å"Politics and the English Language†. The Conscious Reader 12th ed. Longman2012. 445-457 Print. Whelton, Clark. â€Å"Vague-Talking and the Loss of English. † MINDING THE CAMPUS, 13 Nov. 2012. Web. 25 March 2013.

A nation should require all of its students to study the same national curriculum until they enter college Essay

ducation is one of the most important pillars of the nation’s development. Education is a weapon which can change the world. Primary education is the base for the students. So a country should have a very good curriculum for the students in their Primary school study. A curriculum, which will make each student withstand the future competition and will lead to country’s development. So if a nation have the same national curriculum it would be beneficial in so many perspectives. If a nation have same national curriculum then it would be easy for government to construct a nationwide program to train teachers. It would be easy to evaluate students on the same basis. Same national curriculum will decrease the efforts to construct the region wide education course in country. In India we have Central Board and State Board. Central board is followed by some states, while all other states follow a separate State board program. Each state has its own Program of primary education including different evaluation system, marking system and subjects to study. This requires a big management to maintain the track. So same national curriculum will cut down these efforts and can make use of these efforts in improving the education system. This approach would be beneficial for the students in terms of options available. The same curriculum will open the doors of all the colleges and courses available there nationwide. Students will have a healthy competition environment. Students can study variety of courses and will be able to go in desired college. In the current system of a student wants to go in any other college belong to other state then he has to give an entrance examination and it differs according to the course he wants to study. But if this approach get followed by the nation then it would be easy for a student to get this rid of this. A student can follow his heart and make his dreams true. It would be propitious for them who have to frequently transfer their locations because of their service such as in military services, government services etc. Currently it is very difficult for their children’s to accommodate in new environment, especially school and its curriculum. For example in India If a student belonging to Maharashtra went to study in Chennai then it would be difficult for him to get into routine. He has to start again in new way in the new environment. But if the curriculum would be same at national level till college then it would be easy for them to continue their study without any difficulty. But though this approach is good enough, it may create some problems while implementing it at national level. Like to change the established system and to implement the new on nationwide would take significant amount of time and efforts. Students in the middle of the primary education may find it somewhat difficult to get adjust to new curriculum. As students would be having more options to choose then it might lead to confusion while making choice. Those students who don’t want to leave their native place or state then it would be difficult for them. For example if a student don’t get admission I any college residing at his place then that student might have to go another place. But overall this approach is beneficial enough to implement. Though it would require some efforts and time once get implemented it would be best.

Friday, September 13, 2019

Black Hole Essay Example | Topics and Well Written Essays - 1000 words

Black Hole - Essay Example The book discusses the study conducted by a scientist Jim Al-Khalili on the various theories that have presented by Einstein. Black holes are a part of the universe and space and Einstein have presented a number of theories regarding this concept. And the scientist earlier mentioned have studied in detail all these theories and have presented several different new discoveries which he discovered during this study. Universe, time and space are all directly related to the concept of the black hole and have direct relations with the existence and non-existence of black holes. The scientist has presented that certain theories presented by Einstein like the theory of relativity are not completely applicable to the concept of the black hole. On the other hand, scientists like Einstein himself believes that the theories are true and in working condition. The book was a great source of information and provided with great deals of information and the book contained certain information which c ould not be found in other relevant books. Through the studying of the book, it can be concluded that the book is written after the great research and through study. This is a dissertation that has been written purely on the concept of black holes, the controversies that have been presented on the concept of black holes. Many theories have been presented regarding the concept of black holes and as a result, a number of contradictions have been presented on the topic of the black hole. Â  ... On the other hand, scientists like Einstein himself believes that the theories are true and in working condition. The book was a great source of information and provided with great deals of information and the book contained certain information which could not be found in other relevant books. Through the studying of the book it can be concluded that the book is written after great research and through study. Potvin, Geoffrey D, and Amanda . Peet. Singularity Resolution and the Black Hole Information Paradox. , 2006. Print. This is a dissertation that has been written purely on the concept of black holes, the controversies that have been presented on the concept of black holes. Many theories have been presented regarding the concept of black holes and as a result a number of contradictions have been presented on the topic of black hole. This book which is in actual a thesis has discussed in detail these controversies and the paradox that exists regarding the issue of black hole. Blac k hole is such a big controversy in the history of science that no other issue can second it. Many famous scientists have declared that black holes are a part of this universe and they are an unshaken reality while on the other numerous other renowned and eminent scientists have presented theories that there is no such thing as black holes and all the concept behind the black holes that has been presented by scientists who support are totally illogical and baseless. This thesis has discussed these various issues in detail and has presented its own view regarding this issue. The thesis is very interesting piece of writing and very informative. Fabbri, Alessandro, and Jose? Navarro-Salas. Modeling Black Hole Evaporation. London: Imperial College Press, 2005.

Thursday, September 12, 2019

Current event Assignment Example | Topics and Well Written Essays - 250 words

Current event - Assignment Example This way, the pharmacy will be placed above other pharmacies in distributing pharmaceutical products prescribed by other physicians and sold over the counter to individual customers and organizations. The pharmacy hopes to providing basic health services to citizens taking advantage of the shortage of doctors in the country (Martin & Esterl par. 2). CVS wants to be perceived as a store that really cares for the health of the public and patients. It also wants to be perceived as an organization that places the health of Americans above the profits it makes. Furthermore, the store wants to present itself as a convenient alternative to the hospital and doctor’s office. The partnership between Coca Cola and Green Mountain Coffee Roasters is one that is symbiotic; the two organizations benefit from each other. While Coca Cola benefits by having a stake in GMCR, the latter benefits from the cash investment it has received from Coca Cola’s purchase of shares which translates to capital. Coca Cola also benefits from the partnership in that it hopes to make more sales of its products by targeting customers at an â€Å"at home† environment. Coca Cola being a strong brand commands a lot of respect internationally. This being the case, Green Mountain Coffee Roasters’ partnership with Coca Cola will strengthen the brand which may translate to more sales and profits. In a zero sum game, when one party loses, the other party gains by the amount that the first party loses. In other words, the sum of one party’s profit and the other party’s loss is zero. Muhtar Kent is explaining that the relationship between Coke and Green Mountain Coffee Roasters is not one based on competing interests but rather is meant to be complementary. In other words, a win for coca cola will be a win for Green Mountain Coffee Roasters and vise versa. Similarly, a loss for Green Mountain Coffee Roasters will be a loss for Coca

Wednesday, September 11, 2019

Operations management Essay Example | Topics and Well Written Essays - 250 words - 3

Operations management - Essay Example It will be situated next to the road, railway and airport terminals. The design of the warehouse will also consider variability factor. This implies that it will be segmented into different sections such as shipping, reception, and stock and returned stock areas so as to store all the products (Kumar 174). The segmentation of the warehouse into different sectors will play as significant role in storing all types of tea brands, qualities supplied by the company. In conclusion, these Vs will help it to create a risk-free environment and safety storage for products, it will enable the staff to keep inventory of all the stock (Cannella and Ciancimino 175). Through this, the company will win the confidence of the clients and emerge as the best alternative regardless of the stiff competition from established companies like Nescafe, Lipton and Twinings, that enjoy a dominant share of this lucrative tea business. Cannella, S. and Ciancimino E. ‘Up-to-date Supply Chain Management: the Coordinated.’ In Dangelmaier, W. et al. Advanced Manufacturing and Sustainable Logistics. Springer-Verlag Berlin Heidelberg, Germany. 2009.

Tuesday, September 10, 2019

My vision of the modern lawyer in the 21st century Essay

My vision of the modern lawyer in the 21st century - Essay Example Justice and fairness is a principle that many nations are advocating for in the 21st Century. The fundamental role played by diversity and dynamism of modern lawyers and modern law cannot be refuted. A dynamic character should be creative and innovative. In this regard, the modern lawyers cannot hold onto the old doctrines of operation, where so much time was needed to make a significant reform independent of external factors. Embracing this principle is a guarantee that commerciality of lawyers in the 21stCentury will be achieved. Lawyers play a very crucial role of guiding their clients on legal matters. The services offered are not free of charge. In this regard, service delivery is accompanied by costs, which are basically the underlying principle incentive for duty and responsibility discharge. In other words, legal and business aspects are combined, where either party to this undertaking is a beneficiary. Going commercial is a desire for a 21st Century lawyer. The level of representation does not matter, but the activities undertaken therein do. Lawyers provide their services at differentiated levels. Some operate simply as private consultants on legal matters, others practice advocacy, while others perfectly commercialize their services into commercial law firms. Whatever the case, it is evident that legal matters primarily determine how functional a lawyer is. For a 21st Century lawyer, the field and line of work should be enterprising, but most importantly competitive and effective. Therefore, the place of work does not really matter, but the quality of a lawyer’s output does. Law, legal practice and related professions are highly influenced by one factor; the client. Contemporary trends have saw clients become more cautious on legal issues that surround them. The world has become a dynamic structure, and every now and then there is something new that seems to improve a given phenomenon. However, with these changes, there are underlying

Monday, September 9, 2019

300 word essay, history of history 4 Essay Example | Topics and Well Written Essays - 250 words

300 word , history of history 4 - Essay Example IV concentrated on fighting the Romans and the Spaniards5, and neglected his duties and vows as the Pope and his expectations as a Church leader6. However, soon, due to certain events7, he underwent a radical shift in his approach towards his office, and from then onwards, expended all his efforts and all his life in establishing rules and practices that were aimed at reviving the lost spirit of the Church8. Renke cites several examples of the reforms that Paul IV introduced as part of his reforms, such as reinstituting the government officials and clergy9, and making the practices of the Church more strict and binding upon the public as well as the clergy10. Renke writes in a very theatrical style11, and presents the history of Papacy with a lot of earnest and interest, which is evident through his writing. However, he merely presents his own opinions about the events that occurred, and his own perceptions about the actions of the Pope and other individuals whom he has mentioned in his book12, rather than citing the incidences themselves and leaving the judgment and conclusion to the readers. Therefore, his writing style is clearly biased towards a certain standpoint, and his writing cannot be claimed to be critical or analytical in nature. It is, nevertheless, quite entertaining and absorbing, and makes the reading of historical anecdotes quite interesting to the general