Racism Without Racists

Either you’re with us or you’re Against Us Throughout Eduardo Bonilla-Silva’s Racism without Racists, he attempts to describe a new form of racism that has emerged in today’s society. Bonilla-Silva refers to this new style of racism as, â€Å"color-blind racism. † During the Civil Rights Era and other previous time periods, racism was characterized by brutal physical, verbal, and emotional battering of minority races through actions such as Jim Crows Laws and other inhumane acts.However, unlike violent-forms of racism that were practiced years ago, this new-age â€Å"color-blind racism† incorporates subtle, institutional, and apparently nonracial practices (Silva 2010). In order to counter this new form of racism in society, Bonilla-Silva explains how civilians need to become actively involved in the fight against color-blind racism. In order to actively fight against color-blind racism Silva distinguishes the difference between a non-racist and an anti-racist and the certain implications and repercussions that accompany each label.Although the transformation from a non-racist culture, to a new, anti-racist community could produce outcomes that solve racism altogether, with this transformation comes a major moral dilemma: whether receiving white privileges outweighs the moral obligation of promoting equality in society. Through this interpretation of the text, I will try to rationalize what it means to be an anti-racist in today’s world and Bonilla-Silva’s call for social movement, along with the responsibilities and moral obligations that are incorporated with both.Bonilla-Silva suggests that a major change, from non-racists to anti-racists, needs to take place in order for color-blind racism to diminish in society. The distinction between a non-racist and an anti-racist is characterized by moral obligations and active participation in combating racism. Likewise, Bonilla-Silva suggests that being an anti- racist begins with understanding the institutional nature of racial matters and accepting this stand involves taking responsibility for your unwilling participation in these practices (Silva 2010).One who claims to be anti-racist actively takes responsibility for their unwilling participation in these practices and beginning a new life committed to the goal of achieving real racial equality (Silva 2010). Bonilla-Silva suggests that the conversion to an anti-racist will be challenging because in order to fulfill the role, one is struck with a moral dilemma; whether receiving white privileges outweighs the moral obligation of equality in society. According to Bonilla-Silva, a non-racist is a person who does not actively combat against societal norms regarding race and privileges.A non-racist is seen as a passive person who does not take a personal interest in combating the â€Å"new racism. † A major problem in the author’s eyes is that white Americans are considered the dominant race in today’s society, and most people who belong to this group are unaware of the privileges that they receive just by being white. For instance, many white Americans gain special privileges regarding education, job opportunities, social contexts, and more. While these privileges positively influence whites, they also help to reinforce the racial barrier that exists in the United States today.In Bonilla-Silva’s eyes, if the white society does not acknowledge the hidden privileges that they receive, and society continues to portray waves of color-blind racism, then societal norms related to color-blind racism will circulate within culture for ages. Bonilla-Silva states that a social movement needs to take place in order to debunk the â€Å"new racism† that America is facing today. To challenge societal norms, people need to refrain from using stereotypical white ideals to justify racial issues that arise throughout life. These interpretations are wid ely used by whites claiming to be non-racist.Bonilla-Silva suggests that many non-racists’ often resort to particular frames, or sets paths for interpreting information, as a way to justify certain racial situations that appear in life. These frames include abstract liberalism, naturalization, cultural racism, and minimization of racism. Abstract liberalism incorporates concepts related to equal opportunity and choice in an abstruse way to justify racial experiences. For example, in regards to identifying people as â€Å"individuals† with â€Å"choices,† many non-racists fallback on the notion that people have the right of choosing to live in segregated neighborhoods.Next, the naturalization frame allows whites to blame certain racial matters as natural occurrences. Within this frame, many whites claim that the segregation that is seen today is natural and a result of people gravitating toward likeness (Silva 2010). According to Bonilla-Silva, this frame can be characterized by the saying, â€Å"that’s the way it is. † Another frame, or path, used by many non-racist whites is cultural racism. This frame relies on culturally based arguments to explain the current societal status of minorities. For instance, many hites resort to the claim that, â€Å"Mexican’s do not put enough emphasis on education, that is why they are behind in society† (Silva 2010). This particular frame allows for whites to highlight the mishaps and negative stereotypes about certain minority groups as their reason for not excelling in society, rather than the fact that minorities have been historically behind the dominant white race in aspects such as education, socio-economic status, occupations, and living conditions. The final frame that Bonilla-Silva uses to strengthen his argument is referred to as the minimization of racism.This frame suggests that discrimination is no longer a major factor that impacts the daily lives of minorities. T his concept incorporates the beliefs that racism is a thing of the past, and minorities are products of their own efforts and capabilities. These frames are used, in collaboration, to provide whites a way of expressing their beliefs about racial matters without coming off as demoralizing to minorities or flamboyantly racist. They also provide the justification that the racial inequality that occurs today is strictly logical, democratic, and non-racist.In Bonilla-Silva’s eyes, once society, as a whole, deviates from using these frames, then our culture can begin to make the shift from non-racists to anti-racists. According to the author, American society needs to make this transformation from non-racists to anti-racists for a multitude of reasons. First, he suggests that this movement needs to take place in order to educate the black population on the aspects of color-blind racism, because this new form of racism has tinted blacks recognition of its existence.He also suggests that the current group of anti-racists need to engage with all whites regardless of gender, socio-economic status, and educational status in order to gain a collectively larger group of followers. In turn, he suggests that power is in numbers, and with this power, anti-racists can begin challenging color-blind ideologies internally. Another reason for this movement that Bonilla-Silva points to is that fact that activists need to provide counter-arguments for the current color-blind frames that non-racist whites’ are using to justify racial scenarios.Likewise, we need to counter-balance common white arguments including equal opportunity and affirmative action. A major issue within today’s society is that many whites firmly believe that discrimination during past and current times does not significantly impact the lives of minority groups, when in turn; this subtle discrimination enhances the privileges of the white race, while severely limiting minority’s privile ges.Furthermore, â€Å"Bonilla-Silva claims that the most important strategy for combating â€Å"new racism† is to become militant with it† (Silva 2010). The strategies that Bonilla-Silva proposes above to combat color-blind racism are all grounded on specific and plausible reasons and explanations. Bonilla-Silva states that in order for this movement to be effective, it must defile the domination that color-blindness has over our whole country. Also he suggests that the overall demeanor of whites regarding race related issues needs to be exposed and challenged.Another motive for this anti-racist movement incorporates the idea that there should be a focus on white segregation and how this physical separation from minorities ultimately affects the white races’ values, beliefs, and emotions about race related matters. Finally, he states that in order for this movement to be successful in changing the cultural norm of color-blind racism in society, we need to chall enge a position that might seem impossible to overcome, however it is the only way to genuinely achieve racial equality in future times.After analyzing this book through readings, blogs, and class discussion, the moral dilemma of white privilege or equality has puzzled me for some time. Along with white privilege, I have been contemplating whether to classify myself as a non-racist or an anti-racist, and whether to join the social movement against color-blind racism that Bonilla-Silva claims needs to happen in order to defeat racism indefinitely. Before studying racism I never thought about the concept of white privilege and the tremendous influence it has on my life on an everyday basis.After my analysis of the different components of a non-racist versus an anti-racist and the certain privileges that resonate within each category, I feel almost guilty referring to myself as a non-racist. However, after analyzing Racism without Racist’s explanation of anti-racism and claim fo r an anti-racist movement, I believe that I still consider myself a non-racist, contrary to the author’s wishes. In spite of Bonilla-Silva’s argument, I believe that I can still combat racism without necessarily taking an â€Å"active role. I am not currently taking an active role in this movement, however in the future; I believe that I could possibly take a passive role in regards to this movement. The transformation from â€Å"nonracist† to â€Å"antiracist†, that the author describes, I think is an aggressive approach that could potentially generate substantial positive results in regards to combating racism. However, I personally don’t believe that the only way to fight racism is to take a military-like approach against it and resort to an in-your-face attempt to flip societal norms.Falling-back on a militant-style attack plot and fighting socially grounded powers could quite possibly work against achieving the collective goal of ending racis m. In order to accomplish this idea, the anti-racist coalition (which is an extreme minority) would have to convert massive numbers of the non-racist majority to a belief system that fundamentally contradicts the basic roots of their current values.Currently, I do not have an alternative solution to racism in America, however I do know that educating the population as a whole about this concept is a necessary step to accomplishing the overall goal. Through Bonilla-Silva’s distinction between non-racists and anti-racists, along with his call for a social movement against color-blind racism, I have determined that something has to be done about certain aspects of color-blind racism, such as the overall mindset of the American population.Be that as it may, combating color-blind racism will be an almost impossible task to accomplish for that fact that it is very difficult to get people to buy into a motion that they themselves are not emotionally invested in. Until the American s ociety can buy into the notion that color-blind racism is an actual cultural problem that is affecting minorities of all backgrounds, we will be a society filled with white privilege and subtle discrimination against non-whites. References Bonilla-Silva, Eduardo . 2010. Racism without Racists. Lanham, Maryland, Rowman & Littlefield Publishers, Inc.

Rhetorical Analysis of Constance Ruzich’s Article

Paul Lucas Professor Paisley Mann English 110B 19 October 2012 A Rhetorical Analysis of â€Å"For the Love of Joe: The Language of Starbucks† In the journal article â€Å"For the Love of Joe: The Language of Starbucks† (2008), Constance M. Ruzich analyzes the success and rise to popularity of The Starbucks Coffee Company around the globe. The article is written and structured for the general public to read and understand. It is meant to be an informative article and as such, Ruzich makes use of a lot of data and includes citations from a variety of other academic sources.She also uses different ways to measure the popularity of Starbucks, not just the financial aspect, but also in terms of its economic status in a global coffee market, just to give us different points of view in relation to her thesis. Her choice in the title is also very appropriate for the topic, which will be discussed later on in this paper. Ruzich begins her article by giving the readers a brief ba ckground on coffee. She is informing us, the readers, on how coffee came about and touches on the â€Å"The history of coffee production, consumption and advertising†¦ (428). Through this, those who are unfamiliar with the origins of coffee will also be captured, as they will get a sense of understanding about where her arguments will lead to later on in the article. It also gives the readers a chance to compare on how coffee was perceived by global consumers, before and after Starbucks was established. She explains, â€Å"The nineteenth century saw the rise of coffee as an international commodity and the accompanying development of coffee-based economies in South America and other developing nations†¦ † (430).Upon capturing the audience, she starts to state a lot of facts and she extensively uses quotations from other studies throughout the entire article. The facts become the structure of the article; they lead the readers to have a certain understanding of previ ous views and studies of the situation. The quotations on the other hand gives the author credibility, the use of the quotations makes it seem to be more accurate since she is not the only one who understands Starbucks in that manner and the readers are assured the information is unaltered.For example, in her discussion on the world’s coffee market, she quotes Wild citing, â€Å" ‘Vietnam had become the world’s second largest coffee producer after Brazil. ’ further depressing the falling price of coffee in the international market (Wild 6)†¦ † (430) She is in a way borrowing the credentials of scholarly and more popular people to make what she is discussing more acceptable to the audience. It also shows how knowledgeable she is of the topic that she can use these quotes to present and defend her thesis.The vast use of technical data would also make it seem that it was not written for the general public but she interprets them and puts it in ter ms more common to the public and through this, anyone could comprehend with what her idea is. Another thing that is evident in the article is how Ruzich compares Starbucks with a lot of its competitors, even those that are not directly competing with Starbucks; they are in the coffee business but they only sell instant coffee as opposed to specialty coffee.For example, she supports her argument by providing statistics of coffee in the global market and how Starbucks places given its premium status. â€Å"Despite the attention the Starbucks has drawn, it has not yet reached the status of a major player in the world markets, and in the United States, Dunkin’ Donuts still sells more coffee than any specialty coffee retailer† (431). This was a fact during the infancy stage of Starbucks. Besides from this, she measures the company’s success in how little advertising it needed to become one of the leading specialty coffee house. Indeed, the company spent less than $10 million on advertising in its first twenty-five years† (qtd. in Pendergrast 378). Which clearly shows, Starbucks’ advantage towards the other coffee retailers. The title she gave for the article, â€Å"For the Love of Joe: The Language of Starbucks†, is as I said in the introduction, appropriate, particularly her use of the word â€Å"Joe†. â€Å"Joe†, according to the New Oxford American Dictionary, has two possible meanings. It can either be interpreted as coffee or the average person.Her article basically revolves around these two meanings of â€Å"Joe† and how they relate. In the article she studies how the average person or â€Å"average joe†, if you will, reacts or has reacted to Starbucks’ influence and practices of personal consumption. Therefore, this brilliant way of presentation has made it easy to remember the main topic since it can all be associated with just one word. With all these literary devices and technique s used, it is not hard to stay on the same track as Ruzich. The readers will more or less be able to reach the same conclusion and have the ame idea as she has. The article has clearly shown that many people have adapted Starbucks’ use of in-store language and it makes them feel like they belong. In truth however, the use of in-store language is an advertising scheme that has the end goal of manipulating, persuading and selling its well-known products to the â€Å"average joe† consumer (440). In-store language is used to implant the idea of Starbucks into the consumer’s mind. Works Cited Ruzich, Constance M. â€Å"The Journal of Popular Culture. † Journal of Popular Culture. 41. 3 (2008): 428–442. Print.

Why We Need The Exclusionary Rule Term Paper Example | Topics and Well Written Essays - 1750 words

Why We Need The Exclusionary Rule - Term Paper Example It is widely agreed that evidence needs to be credible for it to be accepted by the courts. Undoubtedly, the credibility of the evidence is greatly influenced by the modes of its collection. In this regard, it cannot be disputed that police procedures play a significant role in determining the credibility of the given evidence. One of the procedural factors that have raised controversies in the recent past pertains to the role of the exclusionary rule in collection of evidence. This paper provides an in depth analysis of whether we need the exclusionary rule or not. In order to enhance justice by ensuring that evidence employed in courts from the police is credible, we do need the exclusionary rule. Thesis Statement In order to enhance justice by ensuring that evidence employed in courts from the police is credible, we do need the exclusionary rule. Background Information The exclusionary rule is anchored on the provisions of the Fifth Amendment. Basically, it postulates that objects used by the courts as evidence are not credible if they are obtained without a legitimate search warrant or illegally. The constitutional roots of this rule date back to the Gouled vs United States case of 1921. In this case, the Supreme Court maintained that although the government had a legal right to seize contraband; it did not have a right to seize property for the sole purpose of using the same as evidence (Josephson, 2009). Of course, there are certain instances where the evidence obtained from warrantless police searches is acceptable or admissible in the courts of law. Specific instances in this regard include searches conducted in airports, in cases where something is considered as a plain view, when police officers are effecting a lawful arrest or when the officers lack sufficient time to obtain a warrant of arrest. In the later, delays in effecting the arrest can have adverse impacts on the evidence. Issues relating to Exclusionary Rule The exclusionary rule plays an im portant role of preventing the police from violating the fundamental rights as well liberties of the members of the public. Warrants are official documents that are issued by judges whenever they deem it necessary to search the premises in a bid to recover or obtain important evidence. Certainly, they are issued when the respective judges believe that evidence can be found within the indicated premises. Besides enabling the police to recover critical evidence, the rule ensures that the holistic well-being of the Americans is safeguarded as it was proved in the case of Langdon v. People, 133 Illinois 382 [1890]. In this case, the court held that it was not in order for â€Å"seizure pursuant to search warrant of official state documents was unlawful within appellant’s possession†. Nonetheless, it should be appreciated that the rule is limiting in various scenarios. This is compounded by the increasing complexity of the crimes. Current trends indicate that the frequency and complexity of crimes has increased significantly therefore, requiring the police to have a search warrant in all scenarios can limit effective recovery of critical evidence. Moreover, failing to use reasonable and necessary force in certain instance can inhibit evidence recovery efforts by the police. In light of the preceding limitations, the exclusionary rule is not necessary. According to Lynch (2000), the legality of the exclusionary rule is uncertain. This is because it is neither underscored in the national constitution nor evaluated at length in the Framers’ writings. At this point, it should be appreciated that the above-mentioned documents are the founding documents of the American legal sphere. Generally,

Critical Reflective Log Essay Example | Topics and Well Written Essays - 5000 words

Critical Reflective Log - Essay Example This essay is a critical reflective log on placement based on drugs and alcohol use, a recovery process. Although research has shown that moderate consumption of alcohol has some health benefits for older adults, excessive consumption of alcohol has negative health and social consequences just like drug abuse or addiction. About five percent of the world’s population meets the criteria for an alcohol and drug use disorder, dependence or abuse (Miller 2003). The highest percentage of this population comes from Australia. People under 25 years of age stand the riskiest drinking habits. The most effective treatment strategy for alcoholism and drug addiction is intervening early with risky alcoholics and drug abusers to prevent them from becoming heavy and regular alcoholics or drug abusers (American Psychiatric Association 1994). It is a complicated process to withdraw someone from heavy alcohol intake or drug addiction because it is not easy to stop the drinking habit or stop the drug abuse habit. Once an alcoholic or drug addict decides to recover from the addiction, there are various ways of doing so. For instance, one can do it from an inpatient rehab center, outpatient rehab center, hospital, therapy, or engage himself in the twelve step programs (VandenBos 2007). Quitting drinking or drugs assists one to get rid physical illnesses related to the addiction out of his body. In addition, the addict needs to heal emotionally to avoid cases where he goes back to his old addictions. For an alcoholic or drug addict to recover, he will be expected to follow a certain process beyond his old life to create a new life (Schaler 1997). These processes are part of self reflection or introspection. Below are programs, which can assist an alcoholic or drug addict to have a self reflection. These programs last for a month or more than a year and they usually take place in a residential

HOW TO IMPROVE SECURITY IN THE DEPARTMENT OF EDUCATION(EXECUTIVE Article

HOW TO IMPROVE SECURITY IN THE DEPARTMENT OF EDUCATION(EXECUTIVE SUMMARY) - Article Example Locks and alarm on doors and windows should be fixed. Children suffering from autism and Alzheimer’s disease should be supplied with tracking devices and ID bracelets for automatic trace of them whenever they leave the school compound. Moreover, family emergency plans should be employed in monitoring of students. A student drowned to death in the presence of a teacher and a supervisor. The death of Avonte led to several questions of how the schools administrations are poor in that they have no full responsibility of students. They should always know the whereabouts of all their students wherever within the compound. In the case of our student, the boy got out through the gate of Long Island City School despite the presence of a security officer. The teachers were around the school, but they find out that the boy was missing. All they claimed was that none had the password for the live cameras a statement that seemed funny indicating how irresponsible the administration was. To worsen the case, his parents had talked with the Paraprofessionals that the boy was suffering from autism information that was not shared. The findings revealed that many schools in NYC have inadequate staff and resources making it impossible to monitor all the students. Insufficient number of special instructors such as school aiders and paraprofessionals’ has contributed to increasing in insecurity in schools. Staff should wear uniforms for identification and distinction between visitors. School doors should always be locked. Parents and staff should have a good association in sharing vital information about the students. The neighbours should be vigilant and report any abnormal issues to the school authority to increase security. Adoption of technology seems to be the only option that could have helped in improving security within the school. The plan is expensive, but it will give long term service. However, it is a one-time

The Aspects of Terrorism Essay Example | Topics and Well Written Essays - 500 words

The Aspects of Terrorism - Essay Example Understanding these aspects of terrorism is a necessary first step in forming a counter terrorism strategy. The most robust terrorist organizations have their basis in religion, and have been able to recruit members from areas that have been the subject of occupation by a foreign power. On the individual level, feelings of nationalism and a right to a land are the strongest motivators for committing terrorist acts, while ideology has only a small part. Suicide bombers are arguably the most heavily committed individuals to the terrorist's cause. In a recent study at the University of Chicago, Pape (2003) found that, "a strategy of suicide terrorism is most likely to be used to achieve nationalist goals, such as gaining control of what the terrorists see as their national homeland territory and expelling foreign military forces from that territory" (7). This has been evidenced in the Palestinian crisis, Northern Ireland, and Basque separatists in Spain. "Even Al Qaeda's goals for 9/11 included ridding Saudi Arabia of U.S. troops" (Investigations). A right to a homeland far outweighs the importance of ideology. Ideology seldom enters the discussion on terrorism or the terrorist's demands.

Inventory Planning and Control Systems Research Paper

Inventory Planning and Control Systems - Research Paper Example Supported with an example of the sugar industry, the report further emphasizes on the disadvantages of inventory mismanagement. Listing the problems related to inventory control encountered by the management the report further identifies the solutions required to solve them. The report contains valuable information regarding efficiencies that exist in a firm due to proper inventory planning and control. It also emphasizes on the impact inventory planning and control has on the competitiveness of a firm and how the competitiveness results into increased profitability. The report summarizes the critical importance of inventory planning and control for a firm to survive in an industry and the fierce competition. An inventory can be defined as a list of goods which are either finished, in form of raw material, in process or just simply as stock in hand. Inventory is also usually referred to as the list which contains all the information regarding the operation management of an organizati on. In detail, an inventory includes the amount of raw material available and the amount required to be ordered, finished goods ready to be delivered to the customers, goods stocked in the warehouse and even the half finished goods that require space to be stored before they move on to the next phase of the production process. Besides exceptional cases such as of those firms in the services industries; inventories are considered to be a firm’s major revenue producer. Reasons for holding inventory Inventory is basically the most critical component of a production process and it exists in an organization just so that the firm is able to respond to requirements in relation with forecasted demand. The need for inventory can arise in situations where the product has uncertain demand and the producers are not particularly sure about the amount they should produce (Broyles, 2003, p.389). They therefore resort to inventory tactics such as producing in excess of the estimate forecaste d. In some industries there is even a percentage of uncertainty regarding the availability of raw material. For example the sugar industry is plagued with the uncertainty attached to sugar cane because floods may sometimes ruin the crop. Furthermore, lack of rain and lack of fertility of a land leads to low levels of sucrose extracted

Advanced SQL Queries for the Pine Valley Furniture Company Database Term Paper

Advanced SQL Queries for the Pine Valley Furniture Company Database - Term Paper Example To get the result, we need to sort the prices of the products and choose the one that is the least among them all. In the parameters for the queries, we indicate that we would like to pick the top item from the field whose values have been sorted in ascending order. From then on, we display the top 1 item to show us the least item in terms of the price. This query is obtained from the employee table and the work center table. From the employee table, we get the employee identifications and the names of the employees. The work center table is only meant to give us the work center identifications for the employees. Once we get the values from both of the tables, we make the query. The above query is made on the order line table of the database. This table contains both the order ids as well as the product identification numbers. In order to know which different products are contained in the order number 1006, we design the query in such a way that we display the order ids for all the product lines while indicating the product line number 1006 as the only restriction on the query. In order to know the discounted product prices for the products manufactured by the product line 3, we need to calculate the discounted prices and display them on a different column. The operands for the calculation are the Standard_Price for all the products, and 0.9.

Is Glenn Beck a populist Essay Example | Topics and Well Written Essays - 4000 words

Is Glenn Beck a populist - Essay Example through this program are addressed toward the complications of the current programs and state that there needs to be a change in the structure and function of politics. Specifically, Beck focuses on the elitist class and the way that this has shaped politics outside of the democratic vision that first founded the country. The opinions and viewpoints that Beck holds toward the current political situation is one that defines him as a populist, specifically by showing the loss of power to the people and the lack of change that the government has provided under the names of democracy. The representation that Glenn Beck carries is one that began with his past and his specific life experiences. It is through the associations that Beck had growing up that led him into the role of representing the populist movement and the different concepts that applied to this. Beck grew up in a rural town in America and began to work into radio beginning at the age of 15. Beck often speaks about the suicide of his mom and the breakdown of his family, which led him into specific difficulties through his earlier life. Through his upbringing, and by the time he reached 30, he went through several small companies and jobs. He claims to have struggled with problems such as alcoholism, drugs and finding his way through America to get the job and dream that he desired. When he turned 30, he had one child and a girlfriend who would only marry him if he began to change some of the concepts in his life. He began to change his path by joining the Mormon religion and focusing on becoming a be tter career oriented individual. However, as he began to focus on this new path, he also recognized that there was a change in America and what was occurring. The recognition that he found led him into the movement created through his entertainment station and allowed him to begin approaching a different type of entertainment center, specifically which was for the people (Zaitchik, 2009). Beck

Organized Crime Essay Research Paper Example | Topics and Well Written Essays - 1250 words

Organized Crime Worldwide Organization - Research Paper Example Organized crime tends to flourish in countries where legitimate government and civil society is disorganized, weak, absent or untrustworthy. Therefore, it is believed that the strong government and trustworthy law enforcement in the United States makes organized crime more difficult. The American economy is much less dependant on the money produced by organized crime when compared to the organized crime found in other countries. "In Japan, the most serious organized crime problems are almost always related to the notorious Japanese organized crime groups - the yakuza" (Finckenauer 90). The main crimes committed by these groups involve gambling, prostitution, and amphetamine trafficking. The human trafficking of sex workers is an overwhelmingly common crime in Asian countries and while law enforcement officials find it difficult to generalize Japanese organized crime, they do agree that prostitution stands at the head of organized crime in their country. Most of the illegal sex workers found in Japan come from the neighboring countries: Thailand, the Philippines, Colombia, China, and Korea. "Even though Japanese authorities are convinced that yakuza members are heavily involved in the transportation and control of foreign sex workers, but that it is not their number one priority because they believe foreign sex workers are not being forced into their activities, nor is there pressure from the Japanese public to do something about it because many businesses rely on the support of the wealthy crime groups" (Finckenauer 90). Like Japan, organized crime in China is responsible for orchestrating the human trafficking of sex workers, but they also play a role in the country's drug problem.  

Increasing Hate Crime Awareness in the US Essay Example for Free

Increasing Hate Crime Awareness in the US Essay Though latest report released last October 2006 by the US Department of Justice FBI’s Uniform Crime Reporting (UCR) Program showed a decrease in total number of reported incidents, 7,163 in 2005 vs. 7,649 in 2004 (Hate Crime Statistics 2005), there has been an inversely growing awareness on this topic among various stakeholders legislators, law enforcement officials, and the American public – such that term â€Å"hate crime† has become a part of everyday vernacular among Americans. Three factors contributed to this growing awareness. Firstly, the organizational initiatives, normally the offended party group in order to protect their civil rights, are taking active roles, through their advocacy campaigns, support services and education programs. Prominent proponents, among others, are American Civil Liberties Union (ACLU) for all Americans, Anti-Defamation League (ADL) for the Jewish, Parents and Friends of Lesbians and Gays (PFLAG), Massachusetts Office on Disability (MOD), La Alianza Hispana for the Latin-Hispanics and National Association for the Advancement of Colored People (NAACP) for African-American group. Secondly, the Federal Government on its part, through the DA’s Office has a Civil Rights Unit composed of attorneys for education and intervention services, working in cooperation with victim-witness advocates. In addition, Governor’s Task Force on Hate Crime has its ‘Stop the Hate Website’ Campaign promoting awareness of hate crimes and providing resources for responding to and preventing such acts. Thirdly, concerned group initiatives, such as NGOs in the likes of Southern Poverty Law Center (SPLC) that combats hate, intolerance and discrimination through education programs and litigations, play an independent, third-party role in increasing hate crime awareness.

Social responsibility Essay Example for Free

Social responsibility Essay The utilitarian view requires that the focus should be on the effects of the decision/action, such as effects in the form of benefit or costs. Aside from considering benefits and costs, this view also considers the number of people affected. In essence, a decision/action that benefits more people is generally viewed as more favorable. This view is limited because the definition of such benefit/cost can be flexible, based on the person’s perspective and the context. The moral rights rule puts emphasis on the individual rights. For example, this rule requires that the decision/action should lead to the maximum protection of these rights, as much as possible. For example, a decision/action that provides greater protection for the privacy rights of employees is considered more favorable in this model. However, note that the rights of stakeholders are to be considered, inclusive of employees and investors within the context of the organization. This rule is limited because it does not guide the decision-maker regarding which rights should be prioritized. The legal rule, on the other hand, puts focus mainly on the application of suitable conventional standards as well as laws based on the legal system. For instance, this rule indicates that the established laws should be used as basis for making the most appropriate decisions. A decision that upholds the law is considered favorable in this ethical perspective. However, it might be difficult to actually identify the most suitable rule. In the integrative social contracts rule, it is indicated that there must be proper consideration for the context, and the dependence of the appropriateness of ethical actions based on such context. Different contexts need to different ethical considerations even when facing the same or similar dilemma. This ethical view is limited because it does not properly provide a consistent basis for ethical decision-making. Personal Perspective The model that I consider as close to my ethical perspective is the utilitarian rule. I consider this perspective as easily applicable in many situations. For instance, it requires identification of the affected people/parties, as well as the identification of the benefits and costs that might occur as a result of the decisions/options at hand. I also view as a utilitarian perspective as close to my personal ethical perspective because I believe that it is important to consider all of the affected parties, and that every individual involved in the situation should come. In essence, this ethical model tries to distribute the consideration for benefits/costs to the individuals in a situation, rather than grouping them and prioritizing/evaluating them for group. In this way, there is better consideration for the weight of the number of people affected. This is in contrast to the moral rights rule, for instance, which considers groups of stakeholders and their rights within the context of the business organization. My core beliefs include that every person is significant. This means that even seemingly small individuals compared to highly powerful stakeholder groups should also matter. This is one of the reasons why I considered a utilitarian perspective as the module that is close to my personal ethical view. I also have the value of considering the diversity in the perspectives and interests of people. In this regard, in applying the utilitarian model, I usually think about what these interests and perspectives might be, so that I would be more accurate in evaluating the potential benefits/costs that might affect the people in this situation of the ethical dilemma. Thus, because I put value on diversity of interests and the significance of every individual, I believe that the utilitarian model is more acceptable and is highly aligned to my view. Ethical Dilemma Recognition and Analysis. An ethical dilemma is a situation in which the available options present significant advantages/benefits as well as disadvantages/costs. This means that it appears that none of the options actually stands out in terms of the benefits that can be achieved, because each of the options has notable costs. Thus, the ethical dilemma requires that the decision-makers should evaluate the weight and significance of the benefits and costs of these options. An ethical dilemma that I encountered in the past was with regard to the decision on which project to take for a term paper. This project was group-based. As the team leader, I needed to make the final decision on which specific topic to take. I viewed my input as the most favorable, although some of the inputs from the team members were actually also interesting. This was a dilemma because choosing my suggestion could help in maximizing the score that we could get from the project, but it could jeopardize teamwork. On the other hand, choosing to make the team members make the ultimate decision could lead to a slower process and conflicts among the team members. In terms of the utilitarian framework, the benefits would be in terms of how the ultimate decision could affect all the members. There must be consideration for the number of members affected, as well as the benefits/disadvantage. Ultimately, in using the utilitarian perspective in this ethical dilemma, I decided that it was necessary to let the group decided so that their interests could be more effectively considered. In this way, the decision actually resulted in a favorable score for the group, even though we experienced some challenges initially. The implications of this decision were that it benefited more members of the group, because they were satisfied in terms of greater involvement in the decision. It was limited because it did not properly consider the conventional rules on which topics to pursue. Ethical Leadership and Corporate Social Responsibility Ethical leadership is of critical significance in any business organization. This is so because the actions of a leader can lead or mislead the entire organization. In this regard, in ensuring that the decisions and actions of the leader remain ethical all the time, the organization can expect that the activities of subordinates would also be as ethical as possible. Basically, a higher level of effectiveness in applying ethical principles in leadership should lead to a higher probability of ethical conduct among all the other members of the organization. I view corporate social responsibility as necessary and important, not just for the stakeholders, but also for the business organization. This is so because I believe that the business organization is a citizen of society. Instead of just considering it as a mechanism for generating profits, I view the business organization as part of society. The improvement in the contributions of the business organization to the development of society should lead to an improvement in society as well as the improvement in the opportunities for the business. I believe that organizations should be deeply involved in social responsibility, as much as they are resources and realistic contexts would allow. I understand that business organizations have limitations in terms of their resources. However, these business organizations should also review social responsibility as opportunities for them to improve the society in the market in general. An improvement in the market should lead to better business opportunities later on. Moreover, better contributions in the social responsibility efforts of the business organization should help in improving corporate image as well as the relationships of the organization with stakeholders, especially community members and customers, among other stakeholder groups.

How Stock Prices React to Information

How Stock Prices React to Information INTRODUCTION Case studies, introduced back in 1969, produced useful evidence on how stock prices react to information. Many studies focus on returns in the short window (several days) about clean of the event. The advantage of this approach is that, because expected daily returns are close to zero, the model for the expected return does not have a major impact on the findings of abnormal returns. The assumption in studies that focus on short return windows is that there were delays in price response event is short-lived. There is a developing literature that challenges this assumption, arguing instead that stock prices adjust slowly to information, so that one must examine returns over long horizons to show full-size market inefficiency. If someone said to accept its conclusions, many of the recent studies on long-term returns suggest market inefficiency, namely, long-term under reaction or overreaction to information. It is time, however, to ask whether this literature, viewed as a whole, suggests that the efficiency should be rejected. The answer should be a solid, no, for two reasons. First, the efficient market generates categories of events that individually suggest that prices are over-react to information. But in an efficient market, it is obvious: Under-reaction will be around as often as over-reaction. If the anomaly is divided between the accident under-reaction and overreaction, they are consistent with market efficiency. We will see that even clear about the division between overreaction and underreaction is a good description of the menu of existing anomalies. Second, and more importantly, if the long-term return anomalies are so large that it cannot be attributed to the case, then even split between over-and under-reaction is a Pyrrhic victory for market efficiency. We will find, however, that the long-term return anomalies are sensitive to the methodology. They tend to become marginal or disappear when exposed to different models for expected (normal) returns or when different statistical approaches are used to measure them. Thus, even viewed one by one, most long-term return anomalies can reasonably be attributed to chance. The problem in the development of the overall perspective of long-term return studies is that they rarely test specific alternative to market efficiency. Instead, the alternative hypothesis is unclear, the market inefficiency. This is unacceptable. Like all models, market efficiency (the hypothesis that prices fully reflect the available information) is a wrong description of the pricing. Following the standard scientific rule, however, market efficiency could be replaced by a better specific model of price formation, itself potentially rejectable by empirical tests. Each alternative model has a difficult task. Please specify the errors in information processing, which have the same investors under-react to certain types of events and over-reaction to others. The alternative must also clarify the observed results better than the simple story of market efficiency, ie the expected value of abnormal returns is zero, but chance generates deviations from zero (anomalies) in both directions. From the literature, the irregularity was not settled on a concrete alternative to market efficiency, to get the ball rolling I assume that reasonable alternatives must choose between over-reaction or response. Using this perspective, we review existing studies, without questioning their applications. Each mechanism of organized marketing assets or financial liabilities is determined on the financial market. It is a market in which financial assets and liabilities are traded (Richard and Bill, 2006). Financial assets in this area includes all forms of securities, ranging from ordinary derivatives. Performance, it is widely used can be seen as the ability to achieve the desired result of the action or not waste energy (Encarta Dictionary, 2009). In other words, it has to do with how resources are used efficiently, the extent to which something is good. Financial market efficiency can be said to include as financial assets and liabilities are exchanged efficiently and productively the funds invested in financial market instruments. However, the exchange of securities in respect of funds can not be made only at the price willingly accepted by both parties, while the price is determined mainly by the value and scope of information available on the market for investors. This document d iscusses the performance of financial markets, however, explore the theories and assumptions, and explaining in detail all the terminology (majorly prices and information) relating to the efficiency of the financial market. LITERATURE REVIEW There have been extensive results on the effectiveness of the financial market. This led to the development of various theories, such as determination of the value of securities, the impact of information on share prices, dividend policy, to name a few. DEFINITION OF FINANCIAL MARKET Financial markets, as per Olowe, 1997, are mechanisms in which the surplus and deficit units can be connected economy by buying and selling financial claims. Furthermore, he argues that the primary function of financial markets is to allow the funds effectively allocated from the surplus units in the economy, the deficit units for productive investments. Richard and Bill, 2006, view of the financial market, like any market mechanism for financial assets and securities. They further explain that there is often no physical market transactions are conducted via telephone or computer. Is any market in which financial assets and liabilities are traded and the mechanism through which corporate financial managers have access to various funding sources and instruments. Capital markets, however, operate in two ways: Primary market providing new capital for enterprises and other activities, usually in the form of issuing shares to new or existing shareholders or loans. It provides the focal points for lenders and borrowers to meet. First of all, new sources of funding is raised in this market. Secondary market trade existing securities, thereby allowing investors to supply the existing holdings at will. Active in the secondary market is a prerequisite for efficient primary market and, as no investor will want to stick with investments that cannot be implemented if desired. Institute of Chartered Accountants of London describes the financial market, with the means provided by the financial system for the creations, care and distribution of financial assets and liabilities. The market according to the institute, has two major segments, money and capital markets. Money market offers the opportunity to raise short-term investments and funds. Tenor, which from day to day varies from about a year or two years. Exchange financial instruments on the market include treasury bills, bills, treasury certificates, securities, etc., the capital market on the other hand are the mechanisms, institutions and structures in which the medium and long term funds are collected and made available for businesses, government and individuals . Capital markets is that the instruments which are already provided are outstanding. OVERREACTION AND UNDERREACTION One of the first papers on long-term return anomalies wrote by DeBondt and Thaler (1985). We find that when stocks are ranked on three to five years past returns, past winners are usually the future losers, and vice versa. Attributed to these long-term return reversals to investor overreaction. In forming expectations, investors give too much weight to past performance of companies and too little to performance instead of the mean return. DeBondt and Thaler seem to argue that the overreaction to past information about the general assessment of behavioral decision theory of Kahneman and Tversky (1982). So could be that the overreaction to the prediction of behavioural finance alternative to market efficiency. In most cases, however, the anomalies literature has not accepted the discipline of an alternative hypothesis. An exception is Lakonishok et al. (1994). They argue that the indicators of stock prices proxy for past performance. Companies in the high proportion of earnings in the financial market instruments. These are securities or financial instruments traded on financial markets and the already mentioned, the two major segments of financial markets money and capital markets, the instruments traded in the money market are as follows: Treasury securities those short-term obligations of the federal government to the holder a specified sum of money after a certain number of days in question. Treasury securities are of two types depending on the denomination and maturities. While Treasury yields are generally low fixed and matures about 91 days of issue of certificate treasury share similar features with it, but a longer duration and higher fixed rate. Certificate of deposit (CDS) these are the revenues of banks deposit liabilities of a specified interest rate for a specified period of time. CDS is an interbank asset and serve as a means of channeling cash surplus of commercial banks, commercial banks, who are the main issuers of these types of devices. When the bank promises to pay the principal and interest at maturity, usually 3-36 months, with the name of the negotiable certificate of deposits. However, if the CD features of the deposit receipt, and are generally held to maturity, while, they are called non-negotiable certificates of deposits. Non-negotiable certificates of deposits is also maturity of up to 3-36 months. Commercial paper this is an unsecured short-term bills issued by the company to interested investors for a cash discount for a specific term. Investors in commercial paper loans are usually worth individuals or institutional investors. This is usually for a duration ranging from 30-270 days. Commercial paper dealer, however, classified documents and the documents placed directly. Securities dealer commercial paper investors placed through the dealer, which can be placed directly under a bank notes, commercial papers directly to the investors of the company issuing the documents, which require the issuer to maintain dress trained personnel who have a good knowledge of financial markets and good relationships in the markets. In all cases, the commercial paper investment of the investors, who borrow in the credit market without security, or even negative pledge. Commercial paper traded only on the primary market. Bankers Acceptances also known as the draft bill adopted by the drawee bank determines that a certain amount to be paid after a certain period of time. Adopted by writing the word your means the whole face of the draft with authorized signature. If this is done, the invoice, you should be the beneficiary of a discount rate. This financing through international trade credits. It is also intended to finance trade in goods in bonded warehouses, and in particular the credit created by the bankers acceptance self-liquid short-term loans. The maturity range of 90-180 days, or sometimes 30 to 270 days. Bank deposits this place is the base of the investors / depositors of the bank agreed rate of interest. Bank deposits are divided into call deposits / savings account deposits and fixed deposits. Call made deposits with agreed maturity date, and should be terminated by both parties at any given notice to the other party to an agreement based on the period of notice, the deposit liabilities of deposit and the bank for a specified period a specified rate of interest, which can be fixed or variable. The maturity of deposits vary from a few days a number of years. The deposit must be certified or non-receipt or certificate of deposit. Derivatives they are using, or losing or speculation from hedge against movements in currencies and interest rates. These financial instruments whose value are derived from underlying securities, which allows an investor to gain exposure to the performance of the underlying securities without having to physically. If a profit, there may be a hidden risk in derivative markets. Financial experts term financial weapons of mass destruction, and describes as hell, which is easy, and almost impossible to quit. Examples of derivatives, forward contracts and contract options for the future. CAPITAL MARKET INSTRUMENTS Debt Securities long-term loans are raised by a company or the government, which interest is payable, and a fixed rate. The nominal value of debt instruments, the debt of the issuer of the instrument and the interest is paid at the nominal rate of interest on this amount. In most cases, debt can be exchanged. Preference Shares this is a major source of long-term financing for the company. The holders of traditional shareholders instead of dividends. Preference shares, if they are collectively entitled to the unpaid dividend for the previous periods, carried over from one period to another, until finally paid off, in which case the arrears must be paid before common stock dividends paid. As well as debt securities, preferred shares convertible. Ordinary Shares the holders of these shares owned by the company. These nominal values and the memorandum and articles of association of the companys authorized common shares of the company may issue. The ordinary shareholders of the companys remaining claims, ie, they paid dividends in other fixed obligations have been met. Convertible Securities shares of both of these hybrid securities, the functions of the fixed-income securities and equity. These securities (usually fixed-rate), which is convertible into ordinary shares in the companys choice of the right in the future. Having explained the concept of the financial market, and it is composed, it is necessary to examine whether effective or not. Before this can be done, efficiency, whereas a different connotation in different environments should be clarified in the light of the financial market. EFFICIENCY This word efficiency is all part of the vocabulary of everyone. For most, this means that it can achieve the desired result, without or with minimal wasted energy or effort. The Encarta dictionary, 2009, is the ability to do something well or achieve the desired results will not be wasted energy and effort, that is, to what extent something is done well, or not wasted energy and effort. Overall, this is a situation where growing prosperity of the amount of productive resources and the current state of technical knowledge economy, eliminating wasted effort, and allows for additional output from the available resources to achieve this desired result, avoiding wastage and prevent losses to avoid harm. (David N.H, 2005). However, in order that the various professions that means different things, the economists are talking about allocation of efficiency the extent to which resources are allocated to the most productive use of this society with the greatest need. The engineers talk about the technical efficiency the extent to which a mechanism performs the maximum capacity. Sociologists and political scientists talk about the social efficiency the extent to which complies with the accepted mechanism for social and political values. (Richard and Bill, 2006). 6.1 Financial Market Efficiency The investment guru or financial expert, a slightly better efficiency, this also applies to the pricing and information on the effectiveness, efficiency, instead of sources of financial market instruments. It is necessary to do a quick and convenient tool to convert currency and vice versa, that the price of the securities is determined and how to manage the risks associated with the securities. This, however, with the roles of the financial market is expected to perform in the economy, according to which the Olowe, 2007, divided into three (3); Allocational efficiency the role of financial markets to optimally allocate scarce savings in productive investments in such a way that benefits everyone. The operating efficiency the server as an intermediary, who provide the funds from savers to investors at the least cost, which offered them a fair return for their services. Pricing efficiency the role of the dominant values at which securities will be replaced if the market price of capital allocation signals. The prices of the forces of supply and demand. Fama, 1976 (the Olowe, 1997) considers the effectiveness of pricing efficiency in the processing of information. Based on what said before, we can conclude that the pricing information of the two major determinants of efficient financial markets. Thus, financial market efficiency can be defined as the market in which security prices quickly and fully reflects all available information. The market in which any device that outperforms the market to be unusable. Therefore, the efficient financial markets, the same yield for a given level of risk should be implemented for all investors. Price (E / P), cash flow to price (C / P), and the book-to-market equity (BE / ME) is generally poor past earnings growth, and firms with low E / P, C / P, and BE / ME are generally strong earnings growth in the past. Since the market is over-react to the recent growth, it is surprised when earnings growth mean returns. As a result, a high E / P, C / P, and BE / ME stocks (poor past performers) have high future returns, and low E / P, C / P, and BE / ME stocks (strong past performers) at low future returns. We also considered the poor long-term post-event returns in the stock market (IPO), and experienced their own offerings (SEO) is the overreaction camp. SEO is a strong stock returns in the three years prior to the issue. It seems safe to assume that these strong returns reflect strong earnings. It seems safe to assume that the IPO will have a strong past earnings to appear in public. If the market does not mean that the income growth increasingly means returns, stock prices at the time of the equity issue (IPO or SEO) is too high. If the market only gradually recognizes the mistake, the overreaction to past earnings adjusted for slow growth in the future. Finally, some argue that the long-term negative abnormal stock returns post-list of companies that the new list of the NYSE and Amex because of the overreaction. Companies list their stocks to take advantage of market overreaction to the recent strong performance. As it turns out, overreaction was the result of tests of long-term returns, market efficiency would be dead, replaced by the alternative behavioural DeBondt and Thaler. The fact that it was obvious during the reaction around frequently. My grandfather was in the bottom of the reaction to the events of the evidence that stock prices seem to respond to income of about one year after announced. Another impetus to the effect that the high returns of stocks over the past year, yields are typically high, as the next three to six months. Alternatively, if new tests also produce the long-term post-event abnormal returns, which suggest underreaction, indicating a positive post-event abnormal returns of divesting firms and the companies that will sell. Attributed to the result of market underreaction to the enhanced probability that after the spinoff, both the parent and the spinoff is likely to become merger targets, and the recipient of aid. Desai and Jain and Ikenberry et al. Determine that the companies shared experience in human resources, long-term positive abnormal returns before and after the split. Attributed to the post-split returns to the market underreaction to the information indicates a positive split. Lakonishok and Vermaelen find positive long-term post-event abnormal returns when companies apply for stock. Ikenberry et al. observed similar results in the open market share repurchases. The story in both cases is that while the market, responding to a positive sign for the future performance of the share repurchases. Finally, Michaely et al. finds that the basis of stock prices, appears to respond to negative information in dividend omissions, information and positive initiatives. A few of the long-term return anomalies it is not easy to classify. For example, Asquith and Agrawal et al. indicate negative long-term abnormal returns to acquiring firms following mergers. This is also attributable to underreaction of market to a bad investment decision, or overreaction to the typically strong pre-merger performance of acquiring firms, documented, and Mitchell Staford. Ikenberry and Lakonishok find a negative post-event abnormal returns of firms involved in proxy contests. A story, based on the stock exchange, responds to the poor performance of these businesses prior to the proxy of competition, but another is that the price is too responds to the proxy information that something is likely to change. Because of the ambiguities in classifying certain disorders, and given the fact that the above review is certainly not complete, I will not do a number against the overreaction underreaction studies. What is important is that the literature does not lean toward the clean up of behavioral alternative to market efficiency. This will not be lost in the behavioral finance researchers who acknowledge the issue: We hope that future research will help to understand why the market seems to overreact in certain circumstances and underreact in others. (Michaely et al.). The market efficiency hypothesis is a simple answer to this question is a chance. Specifically, the expected value of zero abnormal returns, but chance generates apparent anomalies that split randomly between underreaction and overreaction. The weight of evidence of long-term return anomalies are so overwhelming that market efficiency is not viable even in the absence of an alternative working model that explains both under-and overreaction? The answer to that question is no, for two reasons: First, it is doubtful that the literature is presented in a randomly selected sample of events. Splashy results get more attention, and it encourages you to find. That the dredging of the irregularities of a rewarding profession suggested by the fact that the anomalies literature shows so little sensitivity to the other hypothesis problem. The same authors, visual events are often satisfied with the overreaction or underreaction, and are prepared to conclude that both justify the rejection of market efficiency. Second, some disorders may be evident by means of a reasonable price. Fama and French find that the long-term return reversals and the DeBondt Thaler, and conversely, to return to the Lakonishok et al. captured by a multifactor asset pricing model. In a nutshell, covariation between the returns of long-term losers seems related to the risk premium, which explains why higher future average returns than long-term winners. Fama and French discuss the fights and the multifactorial model, but the results are sufficient to illustrate an important point: Conclusions on market efficiency can be sensitive to the assumed model of expected returns. Last, but most importantly, have more or less split between overreaction and underreaction is not much support for market efficiency in the long-term return anomalies are so great they can not be attributed to chance. But it will still be viewed individually, most of the anomalies are weak. They usually disappear when reasonable alternative approaches to measure them. 6.2 Pricing of Securities Pricing is a major determinant of financial market efficiency security is discussed in relation to pricing of risk and return. Risk, which is created by many factors, such as general economic conditions, economic factors specific to security, competition, technological development, investor preferences, and all other kinds of circumstances, as defined in Van Horne, 1986, the various possible return on investment. Olowe, in 1997, also sees risk to the likelihood of a deviation from the expected return from holding a security back to the actual holding of such securities. The introduction of the risk, the investor may be indifferent as to which to invest in safety, if there is available for investment, similar yields. A conceptual framework for examining the relationship between risk and return, as they affect the pricing of security, discussed the Capital Asset Pricing Model (CAPM) and the discretionary pricing model (APM). 6.3 Capital Asset Pricing Model (CAPM) This model was developed by Sharpe (1964), Linter (1965) and Mossin (1966). It shows the expected return on the relationship between security and the inevitable risks. Provides a framework for the evaluation of the securities and can be used to find the unit cost of equity capital. CAPM, however, was the following assumptions: A time CAPM model assumes that investors are risk averse. The rice adopters and investors in the securities in the uniform requirement. There is a risk-free security, so that investors may borrow or loan an unlimited amount of risk premium rates. The securities are sold, and perfectly divisible. Even more so, to the quantities. The information is freely available to all investors. Investment restrictions cannot be neglected and no investor is large enough to affect the market price of the stock. The above assumptions are briefly assumes that there is a perfect market, and that the financial market is efficient. Thus, as the assumptions, all asset prices fall, that the security market line, while the security market line equation: E(R1) = RF + [E(RM) RF]ÃŽ ²1 Where ÃŽ ²1 = COV(R1RM) ÏÆ'2m E(R1) = expected return on security RF = risk – free rate E(RM) = expected rate on market portfolio ÃŽ ²1 = beta of security i COV(R1RM)= covariance of return on security i with the returns on a market portfolio. ÏÆ'2m = variance of returns on the market portfolio Example; if the expected return on security is 24% and its beta is 1.8. show whether the security is under or overvalued if the risk – free rate is 13% and return on market portfolio is 18%. Solution; E(R1) = RF + [E(RM) RF]ÃŽ ²1 = 0.13 + [0.18 – 0.13]1.8 0.22 i.e. 22%. We conclude that it is undervalued as the expected return is 2% less than the predicted. i.e. 24% > 22%. 6.4 Characteristics of CAPM The fact that not all risk-return safety concern that risk averse investors, asset should be priced to the risk-adjusted return is exactly the security market line. So the only risk is that investors pay a premium to avoid the risk of market share so that the total risk of each security in a systematic and systemic risk. A general and systematic risk affects the entire market, and irregular and the characteristic factors unique to a particular person. Effective diversification, however, reduces the overall risk of the portfolio to the point where only the regular risk remains. Measured by the weighted average portfolio beta of the beta of individual securities in the portfolio. Proportion of portfolio funds allocated to represent the weights of individual securities in the portfolio, and it represents mathematically: n ÃŽ ²P = ∑ wi ÃŽ ²i i=1 where ÃŽ ²p = beta of portfolio p ÃŽ ²i = beta of security Wi = proportion of security in portfolio p Conclusion: CAPM has been derived under some simplifying assumptions, most of which do not correspond to reality. For this reason, it has been criticized on the grounds that it assumes the market portfolio of all assets stocks, bonds, property and human capital. The real-life situations, empirical tests of the CAPM tend to use proxies, such as stock market indices as the market portfolio. 6.5 The Arbitrage Pricing Model It has proposed by Rose (1976), because the dissatisfaction of the CAPM on the theoretical and empirical grounds. This is a multi-factor model (multiple-beta model), compared to the CAPM, a single factor model. The safety factor for the actual return for a state grant: n Ri = E(Ri) + ∑ bijFj + ej J=1 This can be restated as Ri = E(Ri) + bi1F1+bi2F2 + †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. + binFn + ei Ri = actual return on security E(Ri) = expected return on security i Fj = the (uncertain) value of factor j bij = sensitivity to factor j ei = the error term. It is also the security-specific return. Similar to the CAPM, we diversify the unsystematic risk, but in addition, we arrive at the market equilibrium, as individuals eliminate arbitrage profits across multiple factors. The model does not explicitly indicate what factors or economic factors or behavioral significance. However, the market return as in the case of CAPM can be one factor. The APM, therefore, suggests that the linear relationship between security returns and a few factors. The steady-state under this model, the expected return on security i E (Ri) issued by: E(Ri) = Rf +Ɔº1 bi1 + Ɔº2 bi2 + †¦Ã¢â‚¬ ¦..+ Ɔºn bn Where Rf = risk – free rate Ɔºn = risk premium for the types of risk associated with particular factors. Its equation can be rewritten as: Ɔºn = En – Rf where En is the expected return of a portfolio which has unit response to other factors. Example: The return of stock company is related to two factors as follows. E(Ri) = Rf +0.7Ɔº1 + 1.6 Ɔº2 + 1.3 Ɔº3 Where 0.7,1.6 and 1.3 are sensitivity coefficients associated with each factor. If the risk – free rate is 12%, Ɔº1 is 7%, Ɔº2 is 4% and Ɔº3 is 6%. Calculate the expected return on the company’s stock. Solution: E(Ri) = 0.12 + 0.7(0.07) + 1.6(0.04)+1.3(0.06) = 0.311 i.e. 31.1% In summary, it seems more than the CAPM, the APM allows the CAPM risk averse investors to focus more attention to the systematic risk of securities pricing and diversify the systematic risk. According to APM on the other hand, individuals across a number of factors arbitrage, arbitrage opportunities disappear when the market is in balance. However, there is consensus on these factors, the APM, and testable. Thus, CAPM can still be used in security prices. INFORMATION ON SECURITIES Information can be classified as historic, current, or expected. Only the current or previous information from some of its effect on prices. The more information is available, the better the situation means that an informed decision is more likely correct. Security prices are characterized by a random and unpredictable movements. The movement in security prices may be interpreted to mean that investors in the market, a quick note to all security-related information on prices and prices adjust quickly to such information. Thus, the effectiveness of the security prices depend on the speed of price adjustment to all available information. The more efficient than the speed of adjustment of prices. The market efficiency of the available information, however, the efficient market hypothesis reflects (EMW), the three basic forms: Weak form Semi a strong form; Strong form. 1) The weak form EMH states that current stock prices fully reflect all of the information included in the recent price movements, which makes it impossible for investors to predict future security prices and the analysis of historical prices, achieved better results than the stock market as well. Therefore, the market may be effective in this form, there is no significant correlation term average prices of securities. Even more so, if an investors trading strategy can not beat the market based on information available to him, we conclude that the market is weak form efficient. Olowe 1997, places that most

Joseph Conrad’s Heart of Darkness Through a Freudian Lens Essay

Without personal access to authors, readers are left to themselves to interpret literature. This can become challenging with more difficult texts, such as Joseph Conrad’s novella Heart of Darkness. Fortunately, literary audiences are not abandoned to flounder in pieces such as this; active readers may look through many different lenses to see possible meanings in a work. For example, Conrad’s Heart of Darkness may be deciphered with a post-colonial, feminist, or archetypal mindset, or analyzed with Freudian psycho-analytic theory. The latter two would effectively reveal the greater roles of Kurtz and Marlow as the id and the ego, respectively, and offer the opportunity to draw a conclusion about the work as a whole. Sigmund Freud’s theories on the construction of the mind are simple, but fundamentally changed the field of psychology. He proposed, among other things, that the human mind is composed of three parts: the conscious, preconscious, and unconscious. The preconscious consists of information, such as a telephone number, that is â€Å"accessible to consciousness without emotional resistance† (Schellenberg 21). In Freud’s estimation, the unconscious is the most important area of the mind. The information stored within it has â€Å"very strong resistances† to becoming conscious (Freud 32). Residing in the unconscious is the id, which â€Å"contains everything†¦that is present at birth†¦ – above all, therefore, the instincts which originate from somatic organization† (14). From birth, all action is instinctual, from the id. The id recognizes and entertains no desires but its own and is impatient to have its needs met. This phase lasts until a part of the id changes â€Å"under the influence of the real external world† (14). This changed portion b... ...o, while the novella’s archetypal structure glorifies Marlow’s domination of Kurtz. These two analyses taken together provide a much fuller and more comprehensive interpretation of the work. Conrad presents the idea that there is some darkness within each person. The darkness is is inherited and instinctual, but because it is natural does not make it right. He celebrates – and thereby almost advises – the turn from instinct. By telling Marlow’s tale, Joseph Conrad stresses to his audience the importance of self-knowledge and the unnecessity of instinct in civilization. Works Cited Conrad, Joseph. Heart of Darkness. New York: Penguin Group, 1997. Freud, Sigmund. An Outline of Psycho-Analysis. Trans. James Strachey. New York: W. W. Norton & Company, Inc., 1949. Schellenberg, James A. Masters of Social Psychology. New York: Oxford University Press, 1978. Joseph Conrad’s Heart of Darkness Through a Freudian Lens Essay Without personal access to authors, readers are left to themselves to interpret literature. This can become challenging with more difficult texts, such as Joseph Conrad’s novella Heart of Darkness. Fortunately, literary audiences are not abandoned to flounder in pieces such as this; active readers may look through many different lenses to see possible meanings in a work. For example, Conrad’s Heart of Darkness may be deciphered with a post-colonial, feminist, or archetypal mindset, or analyzed with Freudian psycho-analytic theory. The latter two would effectively reveal the greater roles of Kurtz and Marlow as the id and the ego, respectively, and offer the opportunity to draw a conclusion about the work as a whole. Sigmund Freud’s theories on the construction of the mind are simple, but fundamentally changed the field of psychology. He proposed, among other things, that the human mind is composed of three parts: the conscious, preconscious, and unconscious. The preconscious consists of information, such as a telephone number, that is â€Å"accessible to consciousness without emotional resistance† (Schellenberg 21). In Freud’s estimation, the unconscious is the most important area of the mind. The information stored within it has â€Å"very strong resistances† to becoming conscious (Freud 32). Residing in the unconscious is the id, which â€Å"contains everything†¦that is present at birth†¦ – above all, therefore, the instincts which originate from somatic organization† (14). From birth, all action is instinctual, from the id. The id recognizes and entertains no desires but its own and is impatient to have its needs met. This phase lasts until a part of the id changes â€Å"under the influence of the real external world† (14). This changed portion b... ...o, while the novella’s archetypal structure glorifies Marlow’s domination of Kurtz. These two analyses taken together provide a much fuller and more comprehensive interpretation of the work. Conrad presents the idea that there is some darkness within each person. The darkness is is inherited and instinctual, but because it is natural does not make it right. He celebrates – and thereby almost advises – the turn from instinct. By telling Marlow’s tale, Joseph Conrad stresses to his audience the importance of self-knowledge and the unnecessity of instinct in civilization. Works Cited Conrad, Joseph. Heart of Darkness. New York: Penguin Group, 1997. Freud, Sigmund. An Outline of Psycho-Analysis. Trans. James Strachey. New York: W. W. Norton & Company, Inc., 1949. Schellenberg, James A. Masters of Social Psychology. New York: Oxford University Press, 1978.

The Saga of the Tigua Indians Essay -- Tigua Indians Native Americans

The Saga of the Tigua Indians The Saga of the Tigua Indians is an amazing one. By all reasoning they should have been wiped out long ago. There quiet defiance to change, however, has carried them through. From the height of civilization to near extinction the Tigua have remained. They endure imprisonment by the Spanish, oppression and manipulation by everyone that followed. This is the story of a people thought to extinct, that are once again learning to survive. Early histories of the Tigua Indians are conflicting and largely untrue. Since 1680 it had been believed that the Tiguas were traitors to the Pueblo Nation, and had chose sides with the Spanish during the Pueblo Revolt. Upon the Spanish retreat south it was believed that the Tiguas chose to flea with the Spanish Military. The truth of their migration south is somewhat different. The Tigua are direct descendants of the Pueblo Indians of Isleta, New Mexico. There name Tigua, or Tiwa, refers to the dialect that they speak. Long before they founded Isleta, however, they were the inhabitants of a much more spectacular home; the fabled city of Gran Quivira, the golden city that drew the interest of Coronado. By 800 A.D. the city covered seventeen acres. T its height it had twenty housing projects built in the form of towering apartments, when most of Europe was nothing but primitive tribes. Terraces, garden apartments, churches, workshops and kitchens separated these projects. The masons w ere so skilled that the stones required no cement, and the carpenters cut wood in a way that the beams required no nails. When the Spanish finally found this city of legends they ere so impressed that they called it Pueblo de los Humanas, or the City of Human Beings. Then they went about destroying the city and the people forcing them into exile. This marked the beginning of centuries of abuse. From relocation to theft the Tiguas were to become the plaything of Europeans and Americans alike. In 1680 the majority of the Pueblo Indians in New Mexico staged a revolt against the Spanish. On the whole the Tigua did not join the revolt. Some believe this is an indication that the Tigua were loyal to the cross and to Spain. This is not entirely accurate. As the southernmost pueblo, location probably had more to do with the fate of the Tigua then anything. The news of this revolt led by an Indian named Pope had... ...se. The tribe is currently building many welfare programs, educational programs, establishing health benefits, plus laying aside money to distribute to the entire tribe. The money is currently collecting interest in a trust until the Bureau of Indian Affairs gives approval to a distribution plan. The lawsuits to reclaim the land have been put on hold. The Tigua are getting what they want through the casino. They are by choice quietly buying land that is legally theirs anyway. Though they are the rightful owners, the Tigua do not wish to make a big scene. They prefer to achieve economic independence on their own, hopefully reducing the chances of being taken advantage of again. Only six full-blooded Tigua remain, and they still plow and keep their traditional lands. They continue to teach children and grandchildren how to be Tigua. Works Cited 1. Ysleta del Sur Pueblo Archives (the Tigua file. / (S.l. / 1992-1993 FILM 22,186 REEL 1 Center for American History FILM 22,186 REEL 2 Center for American History FILM 22,186 REEL 3 Center for American History 2. Exiled : the Tigua Indians of Ysleta del Sur. Randy Lee Eickhoff. Plano, Texas, Republic of Texas Press, 1996.

Essay --

By having adequately infrastructure local institutions trained and revitalized by peace building along with state building actors hatred speech can be controlled. On the other side institutions imposed by these external actors should not serve as permanent ones. Thus, external actors should persist in this role until institutions are capable to maintain it on their own. In this regard â€Å"creating institutional structures to manage potential pathological effects of media liberalization is a sensible strategy for promoting a free and responsible press†¦ mechanisms for self-regulation of the media should largely replace those operated by peace builders†.(Paris 2004:199). Paris sees as a key to strategy for better state building agenda, process of instutionalization before democratization and better control of free press trough local institutions.(Paris 2004:199). In accordance with above mentioned, position of institutions in state building process which, as elaborated, consist peace stabilization instruments and means to introduce new liberal approach is of crucial importance. Through example of free press regulation and control of discriminative speech, commonly present in countries emerging from conflicts, show in which way institutions could cut the root in this hazardous process and leveled the ground for new political process. Thus are all this indicators show that institutions might be the means from where the change should start in order to make it pervasive and appropriate for the state? Further chapter will discuss if certainly institutions are starting point in state building process. - Is institutionalization a solution- Institutions, as previously stated, are mechanism that can make democratic or any other political feat... ...ns should be taken as primary concern in state building process before any upcoming change. Arguing about democracy, it is seen as exogenous phenomena which certainly deems most appropriate political settlement for the country but according to above mentioned, it cannot operate without beforehand installation of good endogenous components-institutions. Recommendation that strikes from above mentioned is that at most basic level democracies and capitalism presuppose a functioning of state apparatus but in state building agenda which is oriented solely toward promotion of democratization and marketization in intuitionally weak post-conflict environments is counterproductive.(Paris 2004:205). Paris in this regard proposes strategy IBL that addresses to phenomenon of institutionalization, hence advantages of installing proper institutions before liberalizing the field.

Historical Perspectives on Curriculum Development Essay

The development of curriculum in history is basically founded on five outstanding motives: : The development of curriculum in history is basically founded on five outstanding motives: The religious The political The utilitarian The mass education motive The traditional versus modern dimension of the curriculum : Traditional Schools : Traditional Schools Traditional Schools defined curriculum as a group of subjects arranged in a certain sequences peculiar to the subject filed for the purpose of instruction. Unique needs and interests have been placed second to the â€Å"common needs of all† Modern Dimension of Curriculum : Modern Dimension of Curriculum Modern Dimension of curriculum consists of all experiences for learning which are planned and organized by the school. It is composed of the actual experiences and activities of learners inside or outside the classroom under the guidance of the teacher and or which the school accepts responsibility. Definitions of Curriculum : Definitions of Curriculum Some authors define curriculum as â€Å"the total effort of the school to bring about desired out-comes in school and out-of school situations† or â€Å"a sequence of potential experiences set up in school for the purpose of disciplining children and youth in group ways of thinking and acting†. Curriculum Planning : Curriculum Planning Curriculum plan is the advance arrangement of learning opportunities for a particular population of learners. Curriculum guide is a written curriculum Curriculum planning is the process whereby the  arrangement of curriculum plans or learning opportunities are created. Curriculum Planning : Curriculum Planning Curriculum planning It is the process of preparing for the duties of teaching, deciding upon goals and emphases, determining curriculum content, selecting learning resources and classroom procedures, evaluating progress, and looking toward steps. Curriculum Development : Curriculum Development It is defined as the process of selecting, organizing, executing, and evaluating learning experiences on the basis of the needs, abilities, and interests of learners and nature of the society or community. Curriculum Laboratory : Curriculum Laboratory Curriculum Laboratory is a place or workshop where curriculum materials are gathered or used by teachers or learners of curriculum. Curriculum Laboratory : Curriculum Laboratory Resource Unit is a collection or suggested learning activities and materials organized around a given topic or area which a teacher might utilized in planning, developing, and evaluating a learning unit. Curriculum Laboratory : Curriculum Laboratory Parts of Resource Unit Introduction or short explanation of the importance of the topic; Objective or anticipated outcomes; Content of the unit: Unit activities; Evaluation; and Bibliography Course of the study : Course of the study It is an official guide prepared for use by the administrators, supervisors, and teachers of a particular school system as an aid to teaching a given subject or areas of study for a given level or grade, combinations of grades or other designated class or group of learners. Course of the study : Course of the study It is usually includes the following: Aims of the course; the expected outcomes; the scope and nature of materials to be studied; Suitable instructional aids; Course of the study : Course of the study Textbooks; Supplementary activities; Teaching methods; and Techniques of evaluation of achievements. Two schools of thought predominated throughout the history of curriculum development; : Two schools of thought predominated throughout the history of curriculum development; The essentialist school The progressive school The essentialist school : The essentialist school It considers the curriculum as something rigid consisting of discipline subjects. It considers all learners as much as the same and it aims to fit the learner into the existing social order and thereby maintain the status quo., Its major motivation is discipline and considers freedom as an outcome and not means of education. The essentialist school : The essentialist school Its approach is authoritative and the teacher’s role is to assign lessons and recite recitations. It is book-centered and the methods recommended are memory work, mastery of facts and skills, and development of abstract intelligence. It has no interest in social action and life activities. Its measurement of outcomes is standard tests based on subject matter mastery The progressive school : The progressive school It conceives of the curriculum as something flexible based on areas of interest. It is learner-centered, having in mind that no two persons are alike. Its factor of motivation is individual achievement believing that persons are naturally good. The role of the teacher is to stimulate direct learning process. The progressive school : The progressive school It uses a life experience approach to fit the student for future social action. Constant revision of aims and experimental techniques of learning and teaching are imperative in curriculum development in order to create independent thinking, initiative, self-reliance, individuality, self-expression and activity in the learner. Its measurements outcome is now devices taking into consideration subject matter and personality values. Slide 21: Curriculum Development in the Philippines The Pre-Spanish Curriculum : The Pre-Spanish Curriculum The Filipinos possessed a culture of their own. They had contacts with other foreign peoples from Arabia, India, China, Indo-China and Borneo. The Pre-Spanish Curriculum : The Pre-Spanish Curriculum â€Å"The inhabitants were a civilized people, possessing their systems of writing, laws and moral standards in a well-organized system of government. As shown in the rule of the barangay, their code of laws-the Code of Kalantiao and Maragtas-their belief in the Bathala, and the solidarity of the family were obedience and respect had been practiced. The Spanish-devised Curriculum : The Spanish-devised Curriculum The Spanish missionaries aim to control of the Filipinos, body and soul. The curriculum then consisted of the three R’s- reading, writing and religion to attain goals were the acceptance of Catholicism and the acceptance of Spanish rule. The schools were parochial or convent schools. The main reading materials were the cartilla, the caton and the catecismo. The method of instructions was mainly individual memorization. The Curriculum During the Commonwealth : The Curriculum During the Commonwealth The period of the Commonwealth (1935-1946) may be considered as the period of expansion and reform in the Philippine curriculum. The educational leaders expanded the curriculum by introducing course in farming, domestic science, etc. Commonwealth Act 586, also known as Educational Act of 1940, reorganized the elementary school system. This measured ushered the beginning of the decline of the efficiency of elementary education The Japanese-devised Curriculum : The Japanese-devised Curriculum They devised the curriculum for the Filipino to suit their vested interest. They introduced many changes in the curriculum by including Nippongo and abolishing English as a medium of instruction and as a subject. All textbooks were censored and revised. It causes a blackout in Philippines education and impeded the educational progress of the Filipinos The Liberation Period : The Liberation Period In 1945, during the liberation period, steps were taken to improve the curriculum existing before the war. Some steps taken were to restore Grade VII, to abolish the double-single session and most especially, to adopt the modern trends in education taken from the United States. The school curriculum remained basically the same as before and was still subject-centered. The Curriculum During the Philippine Republic : The Curriculum During the Philippine Republic Great experiments in the community school idea and the use vernacular in the first two grades of the primary schools as the medium of instruction were some of them. An experiment worth mentioning that led to a change in the Philippine educational philosophy was that of school and community collaboration pioneered by Jose V. Aguilar. The Curriculum During the Philippine Republic : The Curriculum During the Philippine Republic It is a source of gratification also to note that our schools are increasingly using instructional materials  that are Philippine-oriented. This policy been formulated by our educational leaders, the most recent example of which being Department Memorandum No. 30, 1966. The Curriculum During the Philippine Republic : The Curriculum During the Philippine Republic This particular memorandum sets the order of priority in the purchase of books for use in our schools as follows: a. Books which are contributions to Philippine Literature. b. Books on character education and other library materials. c. Library equipment and permanent features. Community in The New Society : Community in The New Society â€Å"To guarantee that the educational system would be relevant and responsive to the challenges and requirements of national, provincial and local development.† President Ferdinand Marcos pursuant to Proclamation No. 1081 issued last Sept. 29, 1972, Decree No. 6 known as the Educational Development Decree of 1972, to take effect immediately. Community in The New Society : Community in The New Society To advance its objectives, the Educational Development Decree has formulated a ten-year program based on a number of principle, among them: improvement of curricular programs and quality of instruction at all levels by upgrading physical facilities; adopting cost-saving instructional technology and training and retaining of teachers and administrators; upgrading of academic standards through accreditation schemes, admissions testing and guidance counseling; and democratization of access to education by financial assistance to poor but deserving students, skills training programs for out of school youth and a continuing educational program for illiterate adults. Community in The New Society : Community in The New Society The emphasis of the New Society is on moral values, relevance, proper methods of teaching, retraining of teachers, vocational and technical education, bilingualism, national consciousness and cultural values. Community in The New Society : Community in The New Society The curricular redirection of the New Society: 1. Should be redirected on development of moral virtues 2. As a means of integrating education and life 3. Should reflect the urgent need and problems facing the country today 4. Should be viewed in terms of learning to be acquired 5. All teaching shall seek to develop comprehensive under- standing of all subjects 6. Co-curricular youth programs shall be restructured and enriched 7. Non-formal education shall be recognized

Stretch and support Essay

In grade to reckon the grading criteria for M1 learners hire to apologise how advance is integrated with the rest of the selling mix in a selected governance to extend to its trade aims and objectives. Learners leave behind need to have a thorough judg handst of the market mix and whence be competent to apply it to the marketing aims and objectives of their selected presidential term. Learners could sweep through the chase activity to assist them achieve these criteria. Marketing aims and objectives are the targets that are specifically set for the marketing department in station to help the line of work achieve its corporate aims and objectives, i.e. the aims and objectives for the business as a whole. 1.Research a partnership that you are long-familiar with, for example, Walkers crisps. What do you opine are the business aims and objectives of the companion? 2.Investigate the type of advances that your chosen company undertakes as a part of the marketing m ix, for example, television advertising. Explain how the promotions that your chosen company uses relates to other elements of the marketing mix by answering the chase questions. How does promotion incite price?How does promotion affect overlap?How does promotion affect place?3.How does the consolidation of all elements of the marketing mix help the company meet its corporate aims and objectives?E2 adjudicate and justify promotional mixIn revisal to meet the grading criteria for D1 learners must(prenominal) evaluate and justify the use of an take over promotional mix in sexual relation to marketing objectives for the selected organisation. Learners should start by stating the marketing objectives of the company and then carry issue the following activity. 1.Write a paragraph rough the strengths of your chosen promotional mix. Which element of the promotion mix is the strongest? 2.Write a paragraph active the weaknesses of your chosen promotional mix. Which element of th e promotion mix is the weakest? 3.Write a paragraph closely how the promotion mix used helps to meet the marketing objectives of the company. 4.Of all the elements in the promotional mix which do you believe to be the strongest in this instance? Justify your answer. E3 occasion of passkey agencies in promotionsIn order to meet the grading criteria for M2 learners must be able to explain the advantages and disadvantages of using superior agencies in ensuring promotional success. To do this, learners will need to look at the recounting merits of using a professional authorization over an in-house team. Learners could be shown or stress out examples of promotional campaigns created by professional agencies, for example, television or print advertisements, and then answer the following questions. 1.Which aspects of the campaign(s) do you prize an in-house team could perform without the use of a professional sanction? 2.Which aspects of the campaign(s) do you think required a pro fessional agency? Justify your answers to both questions.E4 Rationale for a promotional campaignThe grading criteria for M3 requires learners to house a rationale for a promotional campaign. Learners will need to be able to identify each element of a promotional campaign and explain its role. Learners must also say why each element is grave in order to develop their analysis. Learners could be given the following task to complete in education for the as suckerment. A health club organisation is planning a new seaworthiness centre in your area. The company has a budget of 20,000 and will be cut its promotional campaign for two months sooner opening. The company needs to attract a large number of people to sign up for a one-year rank contract. It is targeting the club at both men and women. Using the information above, answer the following questions. 1.Are all elements of the promotional campaign important? Justify your answer. 2.If you have identified near elements that are not important to the campaign, do you think they are required at all?