The Courage of Soldiers

1.Describe the life of Pauline and her siblings.Pauline and her siblings lived a life filled with fear. She was taught at a very young age about the challenges that her parents had gone through in order for her and her sibling to lead a better life. Pauline and her siblings faced physical abuse from their demanding and controlling father. Only the letter ‘A’ was accepted on their school report caard†¦ anything below that deserved a wack with a stick from their abusive father.2.Make a list of the pressures the children in the Ngyuen family faced growing up with their parents.†¢ Worked at the restaurant before and after school†¢Had to attend maths school, Vietnamese school, cooking school, debating and martial arts. They were expected to do all this and had to get top grades at school. 3.What were the father’s methods of discipline? Which do you consider to be worse and why? The father’s methods of discipline were physical abuse and public humi liation. I personally consider public humiliation to be worse because parents who publicly humiliate a child don’t do it for the child's own good but to demonstrate the act of power play over the child. When we are publically humiliated in front of our peers, family and friends, we feel like a raw wound that everybody feels free to rub salt in. They feel utterly open to the judgment of the world and utterly powerless to change it or to take care of themselves while experiencing it.People will judge and as social beings, the opinions of others matter a lot. When they faced the physical abuse, it happened at home and they were able to hide their wounds, when it was done publicly though they couldn’t hide. They had to bear the shame in front of the world. 4.Children raised in abusive environments like Pauline, find it more difficult to define their individual identity and achieve a sense of belonging. Do you agree.Please explain. Yes I do agree that children raised in abu sive environments like Pauline, find it more difficult to define their individual identity and achieve a sense of belonging. This is because that those who face such difficult situations everyday are constricted and aren’t able to roam around and find out who they really are. Because of this constriction it is also hard for them to find a sense of belonging because they are constantly trying to please their parents. 5.Provide several quotes and page that show clearly how Pauline felit living with her parents. †¢Ã¢â‚¬Å"Fear dominated every day of my childhood. Fear and dog shit covering the yard were the smells of my childhood.† Pg. 292 †¢Ã¢â‚¬Å"He had never attempted to get to know or understand his children.† Pg. 294 †¢Ã¢â‚¬Å"My father controlled every hour of our day and when any situation fell out of his control, we suffered the full force of his anger.† Pg. 293 †¢Ã¢â‚¬Å"It is ironic that we in turn had to escape the tyranny of his rul e to find freedom for ourselves.† Pg. 2946.Describe how Pauline might have felt when she ran away from home. What thoughts would have been going through her mind? Pauline might have felt scared, unsure and frightened when she ran away from home. She would have been worried for her brothers, who is going to look after them? What will happen if her dad finds her? Can she do this? Feelings of doubt would have taken over her but she overcame this and decided to finally do something for herself. 7.What do you think of Pauline’s decision to leave home?I think Pauline’s decision to leave home was the right thing to do. She had to get out of there sooner or later. She had to venture out in the real world and find her individual identity and her sense of belonging.8.How did Pauline’s experiences at home affect her in life? What kind of a person has she become? Pauline’s experiences at home affected her life in such a way that she has become9.Why did Pauline continue to inform her father of her academic achievements after she left home? Pauline continued to inform her father of her academic achievements after she left home because she wanted him to know that his words had still stuck with her. ‘Aim high, hold strong ambitions for your future.’ Pg. 296.10.Why is the story titled ‘The Courage of Soldiers’? Is this a fitting title? What title would you have given the story? Yes the title, The Courage of Soldiers, is a fitting title. The courage that soldiers is the same level  of courage the Pauline and her siblings had. I would title this story as ‘ The Courage of Soldiers’ as well. 11.Why did Pauline’s father behave in the way he did?Pauline’s father behaved in the way that he did because he wanted the best for his children. He wanted his children to lead a traditional life and. The way that he implemented his beliefs on his children was wrong though. He was very dominating and never really bothered to know his children. He was over protective and wanted total control over his children.

Business Documents Essay

English editing (or re-writing) can cause discomfort, because it often reveals hidden weaknesses in the original document. But companies willing to accept the treatment and put in any work necessary will produce a document that shines. By turning existing, long-winded and inaccessible text into clear writing, plain English can shine an uncomfortably bright light on flaws in the original content that would otherwise remain unnoticed. The reality is that in many businesses, a lot of very talented and experienced professionals can spend an awful lot of time doing fantastic research and work only to produce a document that fails dismally to do them credit. Why do all that work if the final report, which may be so critical, simply isn’t fit for purpose? Companies and organisations are increasingly recognising that the reports they produce need to read clearly. They recognise that the text needs to be in plain English. The author is not the reader. Putting the text through the plain English editing process can polish text until it shines with clarity. That’s great if the bones of the report, the facts and figures and findings etc, are already solid. But sometimes, the editing process itself can throw up uncomfortable questions. It reveals flaws in original document, highlights waffle, questions in-house jargon, and draws attention to unsubstantiated claims. And that’s when a businesses’ true grit shows. ‘Your editing highlighted the fact that there were holes in just about every paragraph,’ one client told me. ‘The plain English showed us just how many gaps we need to fill before we can send the report to our client. ’

Why Did the US Become Embroiled in Vietnam Essay

Why Did the US Become Embroiled in Vietnam - Essay Example From unanimous support, the American public gradually moved to complete rejection of the U.S.’s involvement in Vietnam. Simultaneously, political scholars and the common public tried to discover the main causes of the U.S.’s intervention in Vietnam. The current state of political science offers multiple explanations to the U.S.’s decision to intervene Vietnam. From political to economic and international relations explanations, public opinions of the Vietnam War vary across individuals and countries. More often than not, the Vietnam War is believed to be the sign of the U.S.’s power arrogance, although it is possible to assume that the Vietnam War also resulted from the domestic bureaucracy and balance of power concerns in America during the Cold War. That the Vietnam War remains one of the most controversial aspects of American history cannot be denied. Much has been written and said about the causes and consequences of the Vietnam War. More often than no t, the Vietnam War is claimed to be a result of the U.S.’s power arrogance. In other words, the United States used its intervention to Vietnam to reaffirm its political and military superiority and used the Vietnam War to achieve its political objectives. However, the relevance of other interpretations cannot be disregarded. The U.S. embroiled in Vietnam because (a) domestic bureaucracy misinterpreted the seriousness of the political situation in Vietnam and (b) the rapid expansion of communism in the Vietnamese territories shifted the balance of power in the international political arena. All these interpretations have their strengths and deficiencies and all of them deserve professional attention. The arrogance of power is one of the most common explanations of the Vietnam War. Put simply, the Vietnam War is believed to be the sign of the U.S.’s striving to reestablish its military and political superiority in the East Asian region. The arrogance of power philosophy implies that, as the biggest and most powerful nation in the world, America wanted to use its power by all possible means and at every possible opportunity (Anonymous 126). Actually, the arrogance of power word combination was borrowed from the speech delivered by the Senate Foreign Relations Committee Chairman J. William Fulbright, who warned the Senate that the U.S.’s embroilment in Vietnam would result in the escalation of violence in China (Anonymous 126). In his speech Fulbright expressed doubts as for whether the United States was able and willing to overcome arrogance of power that had weakened and destroyed earlier nations and people (Anonymous 126). In Fulbright’s view, the U.S.’s involvement in Vietnam meant that the country and its leaders could distinguish power from virtue and, instead, believed that its superiority and power were but a product of God’s favor (Anonymous 126). The arrogance of power interpretation of the U.S.’s embroilm ent in Vietnam suggests that, throughout its history, the United States existed in the atmosphere of an ongoing conflict between Puritanism and democracy and, at times of heightened emotions, Puritanism would break through and border on unreasonable moralism (Lobe). As a result, arrogant in its power, the United States would view its military operations as a quest for morality, freedom and democracy – the philosophy that has continuously guided all American operations until present. Despite the growing amount of evidence supporting this view, this interpretation is not without weaknesses. The main criticism relates to the relationship between arrogance and the beginning of the Vietnam War. On the one hand, at the heart of American intervention was more than one

Perfect Competition and Monopoly Essay Example | Topics and Well Written Essays - 2500 words

Perfect Competition and Monopoly - Essay Example 1. The size of the firm relative to the market is small. Hence, it has no influence on price. The firm is a price taker. 2. The product is homogeneous meaning to the consumer the product of one seller is same as the product of other seller. 3. There is freedom of entry and exit for each firm. 4. There is free mobility of resources. 5. All the participants in the market have perfect knowledge, meaning that everyone is aware of his benefit, consumer knows prices, and producer knows cost and so on. If even one condition is not fulfilled, the market will not be perfect anymore, it will be imperfect. An extreme case of such imperfection is monopoly. Monopoly is that market in which there is only one seller (or a group of sellers acts as one - cartel) of a commodity that has no close substitute. The seller has complete control of the supply of the commodity and hence is the price maker. We shall now see where the equilibrium of the firm lies and also which conditions are necessary for it. Equilibrium of the firm We shall use the marginal revenue1 and marginal cost2 approach to study the equilibrium of the firm. There are two conditions to this equilibrium: 1. MR = MC 2. Slope of MR < Slope of MC. Price MC P T P MR=AR=P Quantity (output) 0 Z? Z As we can see in the above graph, there are two points where marginal revenue is equal to MC but at Z? if the quantity is increased, the firm is still earning profit. But after Z, the cost of per unit is more than its price. Hence Z is the equilibrium output. The equilibrium can be proved mathematically. Let Z be the output, TR the revenue and TC the cost. Profits are calculated as ? = TR – TC. To maximise the profits we need i.e. MR = MC, and i.e. Slope of MR < Slope of MC. Equilibrium in Perfect Competition and Monopoly in the Long Run As we are trying to see how both markets generate different profits in the long run, we shall assume that the market demand and costs do not change due to entry and exit of a firm from t he industry. Also, to simplify the analysis constant average cost is assumed. These assumptions give us MC = AC and the supply curve for perfect competition is equal to both costs. The equilibrium in perfect competition will be at the point where demand is equal to supply as this is where the price3 will set. The output will be according to this level. At this level price will be equal to MC and AC. In general, we can state the equilibrium in perfect competition as P = AR = MR = MC = AC Where P = Price of the commodity AR = Average Revenue MR = Marginal Revenue MC = Marginal Cost AC = Average Cost4. In case of monopoly the equilibrium will take place where marginal revenue is equal to marginal cost and the marginal cost curve cuts marginal revenue from below but there is an additional clause here that states that the marginal revenue will be less than the price. We can see both the equilibriums – for perfect competition and monopoly, in the figure. Comparison of Profit betwee n Perfect Competition & Monopoly The comparison can be seen in the figure above. In perfect competition the price is fixed. Only the output varies and therefore supply curve is horizontal. The equilibrium price for competitive firm is Pc, where MR=MC. But the output level is Qc where MC= AR, meaning supply is equal to demand. For monopoly, the equilibrium position is same, where MR=MC, but the output leve

Taxation Law According to ITAA 1997 and ITAA 1936 CGT Speech or Presentation

Taxation Law According to ITAA 1997 and ITAA 1936 CGT - Speech or Presentation Example Hence these shares would be treated as if acquired by Les for $ 20,000, their market value on 1.4.2004, the date of his father’s death and not the $ 15,000 originally paid by his father on 10 August 2001. 7. Block of land: The block of land was purchased on 1 March 2000 for $ 130,000 and sold on 20 June 2010 for 150,000 resulting in a net CGT of 20,000 (H). Although the settlement proceeds were received on 10 August 2010 in the next financial year they would be taxable as on 30 June 2010 as the asset is considered sold or disposed off in the year the taxpayer loses its ownership. 8. Dividend income from certain shares was $ 5,200 with the imputation credits being $ 2,229. Here the taxpayer is eligible as a small shareholder as his imputation or franking credits are less than $ 5,000. Hence, net taxable income is $ 5,200 - $ 2,229 = $ 2971 (I) Under the dividend reinvestment the shareholder can choose to receive newly issued shares instead of divident. Such a plan is treated as if the shareholder received the actual dividend and then used the money to buy shares. The dividend is taxed like any other dividend (including with any  dividend imputation), and the shares are taken to be acquired for the cash one didnt receive. Dividend imputation is a corporate tax under which some or all of the share paid by the corporate may be attributed or ‘imputed’ to the shareholder by giving him tax credits so as to reduce the tax burden and avoid ‘double taxation’. These credits are called franking credits which the company gives to the shareholder at the time of paying dividend. Under dividend imputation small shareholders are exempt upto $ 5000 and franking credits are fully refundable. An eligible shareholder receiving a franked dividend declares the cash amount plus the franking credit as income, and is credited with the franking credit against their

The Search for Better Health Essay Example | Topics and Well Written Essays - 3000 words

The Search for Better Health - Essay Example At the start of the twentieth century, researches on this subject had been mushrooming steadily which opened ways for better health practices. One of the pioneers in this field was Frank M. Burnet (Nossal 108). Frank Macfarlane Burnet was an Australian virologist and Nobel Prize winner recognized for his contributions to the field of immunology. He conducted ground-breaking research on bacteriophages and viruses at and served as director of the Walter and Eliza Hall Institute. His virology research led to considerable impact related to discoveries on the nature and replication of viruses and their interaction with the human immune system. He was deeply involved in immunology research, more specifically in the theory of clonal selection which illustrates how lymphocytes choose antigens for destruction, which provided the experimental background for the induction of immune tolerance. His contributions in this field also set the platform for the development of protocols for solid organ transplantation and vaccination. He contributed important knowledge related to influenza research which included techniques for growing and studying the virus and hemagglutination assays. Apart from his discove ry of neuraminidase he also worked on the genetic control of virulence. He also wrote a monograph entitled "The Production of Antibodies," which was later revised with co-author Frank Fenner in 1949. This book was considered as a key publication in the field of immunology. It contained the essential demonstration of the shift on the science of immunology from a chemical point-of-view to a biological one. Furthermore, it is this work where he introduced the model of 'self' and 'non-self' to immunology. Using his concept of the said model, he formulated the hypothesis of 'autoimmunity" which is a situation wherein the body produces antibodies against its own components and consequently, the idea of immune tolerance. Through his model called clonal selection, he expanded current knowledge on immunology by proposing that each lymphocyte possess on its surface specific immunoglobulins mirroring the specificity of the antibody which will be produced later one the cell is stimulated by an antigen. According to him, the antigen functions as a selective stimulus for the proliferation and differentiation of clones that possess receptors for that antigen. Such was the impact of Frank M. Mcfarlane to the field of immunology and vaccination (Nossal 108). Epidemiological Studies on Non-Infectious Diseases Every public health organization must have extensive and up-to-date information regarding diseases and health indicators to be more prepared and armed in the dispersal of control and preventive measures. This implies the conduct of epidemiological studies which involve efficient collection and analysis of large amounts of data related to public health. Information that can be generated from this activity will be very helpful in the causal identification of non-infectious diseases and for the formulation of health programs by the local and the national government (Stroup & Teutsch 312). Epidemiological studies are based on systematic and instructive surveillance of the health of the general public which requires careful statistical analysis. To be able to establish an effective non-infectious

CU Boxes, Inc. Capital Budget Recommendation on a New Boot Sole Essay

CU Boxes, Inc. Capital Budget Recommendation on a New Boot Sole Machine - Essay Example The CFO has been tasked with offering a recommendation as to whether to stay the course with the current machine, delay the purchase, or buy the machine. For the purposes of this budgetary review and analysis the following assumptions are made: CU Boxes, Inc.'s discount rate shall be 10%. Let's see how the CFO tackles this request. There are two types of investments. "The investment decisions of any business are of two types: long term (where funds are usually invested for more than three years) and short term (where investments are for a year or less)." (Kapil p1). In this case, the boot sole machine, where the payback is longer than a year, is a long-term investment and fits the capital budgeting criteria. "The growth of any company is measured by the expected return multiplied by the amount of funds invested by the firm, that is, g = b x r - where 'g' is growth of the firm; 'b', the funds retained by the firm only for investment purpose; 'r' the required/expected rate of return; and r {gt} k (the cost of capital)." (Kapil p1) What the Kapil's model tells us is that as long as the expected rate of return is greater than the cost of capital (the discount rate at which cost of capital is calculated), there will be positive growth and that this is a good thing to have. "These decisions have to fulfill the criteria of creating net positive present value for the organization. Thus an organization should grab and hold on to every opportunity (both external and internal) that creates positive net present value (NPV) for its shareholders." (Kapil p1). Net Present Value (NPV) defined as "the present value of an investment's future net cash flows minus the initial investment. If positive, the investment should be made [unless an even better investment exists], otherwise it should not," (InvestorWords.com 3257), is one method of analysis used by CFO's. Another is the Internal Rate of Return (IRR) defined as the "discount rate at which the present value of the future cash flows of an investment equals the cost of the investment. When IRR is greater than the required return - called hurdle rate in capital budgeting - the investment is acceptable." (Zephyrmanagement.com/glossary). Using NPV first, we have an immediate outlay of capital and a constant return of cash flow calculated at year-end. NPV can be stated as follows: NPV = (10%, CF1, CF2, CF3, CF4, CF5)+CO where CF is cash flow and CO is cash outlay. In this case, with a discount rate of 10%, the result is a positive $14,998.98 at the end of year four and a positive $14,991.91 at the end of year five. (These calculations were made using an ExcelTM spreadsheet). Based on this NPV analysis the investment should be made and the CFO should make such a recommendation to his company's owners as per Kapil's statement above. Using IRR to determine whether the yield rate in a similar period is larger than the discount or hurdle rate, the result at the end of four years is a yield of 8%, which puts it below the discount rate. However, if the period of calculation is five years the IRR is now 15% and well above the 10% discount rate required. So, if the CFO had only used the IRR analysis for only a period of four years his recommendation might have been to limp along with the current machine, but if he ran the calculation out to five years the recommendation would be the same as

Arab unity Essay Example | Topics and Well Written Essays - 2250 words

Arab unity - Essay Example However, it is mandatory to note that the Arabs role though to some extent may be little, may be played out in the center stage. This study, for this reason, seeks to analyze the various impacts that correlate to the Arabs unity. Arab unity is by no mechanism a new invention, and strides towards a massive cooperation are evident throughout history of the modern Middle East. The above cooperation ranges from Pan-Arabism, Nasserism, to Islamism. In previous decades the formulation of a police force for Arab countries has frequently been frustrated by member states who believe it is not important to their stability, for instance Pakistan.. The emergency of Arab summit held in Qatar on March 2009, preceding Gaza siege by the Israeli troops, was meant to establish a common legal understanding in most of Palestine allied Arab nations. The attack that resulted in massive human casualties displayed Arabs, disillusionment, disunity and disagreement.1 Thus, was the benchmark to necessitate a common ground for the unity of the Arab Nations. In comparison to Europe, new alliances that form the League of Arab States, for instance, on one side was that of Palestinian Liberation Organization, Saudi Arabia, and Egypt. While on the other side was that of Syria, Qatar, and Hamas. Rather than joining forces to a common cause that appeared straight forward, and not divisive, the Arab Leagues continuously experienced long-standing disagreements as well as fluctuating rivalries. The above misunderstandings are not only disadvantageous to the economy but also a major set-backs when it comes to issues that pertain international relations and policies. Interregional unity of the Arab states will be a massive boost to ensuring the integration of trans-boundary policies and legislation. Integration of such legislation is what will enhance and speed up the dispute resolution mechanism, without compromising another country’s sovereignty.2 In order to foster a common police force

Why do companies decide to invest overseas and to go multinational Assignment

Why do companies decide to invest overseas and to go multinational - Assignment Example Jepson (2002) explains the unprecedented flow of foreign direct investments during the last two decades has made spectacular contributions to the economic restoration of Europe and to the industrialization of many of the developing countries. Spectacular, too, have been the returns realized by the international corporations that undertook the investments. However, if we examine the conditions a host country must satisfy if it is to continue attracting foreign investments, quite distinct limits to a country's ability to keep its doors open to the foreign investor become apparent. A few basic facts will make the point. (McLaughlin Mitchell 2006). Barry (2002) defines that the most fundamental fact is this: A country's capacity to absorb foreign direct capital inflows is ultimately limited by its ability to service that capital, in terms of current account debits (e.g., dividends) and eventual repatriation of principal. In turn, a country's ability to service the stock of foreign-owned capital is tied to its ability to generate sufficiently large payments surpluses on other current account items. (Relying on a positive balance in the capital accounts is just putting off the day of reckoning.) These relationships are obviously more easily stated in the aggregate than conclusively sorted out in detail. The "current account" of a country's balance of payments has many components, and "foreign-exchange availabilities" come from many sources.

Measuring Public Sector Performance Essay Example | Topics and Well Written Essays - 3000 words

Measuring Public Sector Performance - Essay Example Then, common models of performance measurement and how they were developed are investigated. Third, the public and private sectors are compared and contrasted to highlight similarities and differences in their functions, goals, and outputs. Fourth, key developments in private and public sector performance measures are reviewed and discussed to highlight the convergence in the efforts of each sector to address stakeholder expectations. The paper concludes with a set of observations that disprove the hypothesis by showing that performance measurement as a basis for financial accountability and management in both the private and public sectors has become more complex and difficult and provide challenges for everyone. Any discussion of organisational performance begins with an understanding of the nature of human organisations and why they exist. Like the human beings who establish them, every organisation exists for a purpose, a set of goals or objectives that has to be achieved. By custom and for analytical convenience, organisations are classified based on their main purpose; thus, there are private-sector, public-sector, not-for-profit, institutional, voluntary, and mixed organisations. Table 1 summarises each of these organisational types, their specific purposes, and some basic examples of each. Regardless of the type, an organisation can be ... Like the human beings who establish them, every organisation exists for a purpose, a set of goals or objectives that has to be achieved. By custom and for analytical convenience, organisations are classified based on their main purpose; thus, there are private-sector, public-sector, not-for-profit, institutional, voluntary, and mixed organisations. Table 1 summarises each of these organisational types, their specific purposes, and some basic examples of each. Regardless of the type, an organisation can be said to be successful if it meets the purpose(s) for which it is established, and with success comes its continued growth and existence. Otherwise, it would be better for an organisation that does not meet its purpose for existing to close down. This is where accounting as a management tool proves its usefulness because it helps provide public sector organisations with the means to measure performance (Jones et al., 2002). It helps any organisation determine whether it is meeting its purpose, and it is for this reason that management accountants have developed a growing body of organisational science around the notion of performance measurement. This was not, however, the case until in the previous century when increased globalisation and competition for limited resources pushed organisations to measure performance against their purpose for existence and in comparison with their competitors (Lothian, 1987; Fitzgerald et al, 1991). The term "performance" captures the notion of how an organisation operates in comparison to its purpose. Thus, performance measurement has been described (Neely, 1998; Kunz et al., 2002; Moullin, 2003) as an assessment of how an organisation performs and includes measures

Dementia awareness Essay Example for Free

Dementia awareness Essay The learner can: 1. Explain what is meant by the term ‘dementia’ 2. Describe the key functions of the brain that are affected by dementia 3. Explain why depression, delirium and age related memory impairment may be mistaken for dementia. Outcome 2 Understand key features of the theoretical models of dementia The learner can: 1. Outline the medical model of dementia 2. Outline the social model of dementia 3. Explain why dementia should be viewed as a disability. Outcome 3 Know the most common types of dementia and their causes The learner can: 1. List the most common causes of dementia 2. Describe the likely signs and symptoms of the most common causes of dementia 3. Outline the risk factors for the most common causes of dementia 4. Identify prevalence rates for different types of dementia. Outcome 4 Understand factors relating to an individual’s experience of dementia The learner can: 1. Describe how different individuals may experience living with dementia depending on age, type of dementia, and level of ability and disability 2. Outline the impact that the attitudes and behaviours of others may have on an individual with dementia. SUGGESTED GUIDANCE ANSWERS OUTCOME 1 For a start what does dementia mean? Very simply for such a complex area, it is an illness of the brain. What is the difference between Alzheimer’s and dementia? The word dementia is an umbrella term, which covers all the various dementias including Alzheimer’s. Alzheimer’s is the one widely recognized, and accounts for about sixty per cent, of all the dementias. Dementia is a term that is used to describe a collection of symptoms including memory loss, problems with reasoning and communication skills, and a reduction in a persons abilities and skills in carrying out daily activities such as washing, dressing, cooking and caring for self. Memory loss this can be one of the first symptoms that people notice. The observations people report include noticing their loved ones forgetting things that have happened earlier in the day, getting confused about messages and who people are, getting lost whilst out and about, repeating themselves, and appearing not to be paying attention or following conversations. Problems with communication Some people experience problems with expressing themselves, talking and understanding things. They get confused about words and might use the wrong words for common things and mix words up. Reading and understanding written text can become problematic. There are a number of different types of dementia the most common being Alzheimers disease, vascular dementia, Fronto temporal dementia and Dementia with Lewy bodies. Some people get diagnosed as having mixed dementia; this is when the presentation shows the person to have elements of more than one type of dementia. Dementia is a progressive condition, which means the symptoms will gradually get worse. This progression will vary from person to person and each person will experience dementia in a different way. Although the person will have some of the above symptoms, the degree to which they affect an individual will vary and not all people will have all of these symptoms. 2. Areas of the brain affected by dementia are shown in the diagram below: [pic] The temporal lobe of the brain if affected by dementia will mean the sufferer will ‘forget’ every day functions, and how to perform them, relatives names and faces, their ‘past’ life, and friends they have known for years. Simple tasks that they used to perform with ease, become difficult to perform, and they have to ‘learn’ how to do them again. Sufferers can forget conversations and instructions, and need to be reminded on a regular basis, and given ‘prompts’ to remind them the topic of conversation, or what they are supposed be doing next for example. The frontal lobe of the brain if affected by dementia can mean that the sufferer is ‘unaware’ that their behaviour is unacceptable, or not the ‘norm’. The sufferer can become agitated very quickly, and suffer from depression. They may be unaware of apparent dangers, and unable to recognise what is ‘acceptable’ or ‘unacceptable’ behaviours. They may have violent outbursts, and exhibit ‘threatening’ behaviour to others. The parietal lobe of the brain if affected by dementia affects language skills. This means that communication skills could be reduced. The person may not be able to ‘find’ the appropriate words to use, or may not understand questions asked of them. They may not relate ‘words’ to the correct ‘objects’ for instance if they pick up a cup, but call it a ‘pot’. 3. Depression, memory problems, and delirium may be mistaken for dementia because these are often the onset symptoms of dementia, and therefore may be mistaken for the start of dementia in the elderly. Some symptoms of dementia are similar to symptoms of some mental health conditions. It is important that a comprehensive assessment is carried out if service users start to display symptoms such as confusion, poor memory or apathy. These could be indicators of dementia, but they could also be symptoms of depression, or other mental health conditions. OUTCOME 2 1. The medical model of dementia is of mental decline. This approach makes it hard to focus on maximising a person’s abilities and improving their quality of life. Putting physical problems and emotional states down to brain damage, the medical model overlooks the social world of people with dementia, and concentrates on the illness, rather than the person. 2. The social model of dementia sees the ‘person’ rather than the illness or disease. It puts the focus on what a person ‘can do’, (positives), instead of focussing on what the person can no longer do (negatives). The social model looks at ways to improve the quality of life, and experiences of dementia, and provide techniques for the dementia sufferer, to live a fulfilling and rewarding life. The social model recognises and includes the individual’s social, recreational, spiritual needs, instead of just their medical or personal care needs.

White Supremacy Essay Example for Free

White Supremacy Essay In the aftermath of the election victory of Barack Obama, white supremacists rushed to online discussion forums to vent anger and disbelief that voters had chosen an African-American candidate as the next president of the United States. The Anti-Defamation League, which monitors and exposes extremist activity and rhetoric, said anger among white supremacists and other right-wing extremists in response to Obamas victory, resulted in an avalanche of vitriolic ranting postings on racist Web sites. At one point, the chatter so overloaded the server of the most popular white supremacist internet forum, Stormfront, which was temporarily shutdown. The notion that racism is a violation of human rights is not a new one, as those who have experienced it effects would testify. The ground-breaking progress gained by the civil rights movement of the 1960s in the United States has steadily eroded over the past decade, and the issues and incidents of racism as well as anti-Semitism, homophobia, and violence against women are ones that need to be addressed with increasing urgency. While the courts are more and more frequently relying on civil rights laws to prosecute racially motivated violence, the common abuses of basic human rights are often overlooked. In fact, the encroachment of white supremacist ideologies into the social fabric of our politics, our institutions, and our laws means that intolerance 1. is becoming the rule of the day, and the overt violation of the persons and property of individuals and groups is not only easily accepted, but part of the status quo. America has moved into a new era of white supremacy. The new tactics used by white supremacists and far right organizations must be exposed so that we can work together to mitigate their effectiveness. This includes a discussion of the relationship between three converging and ever-growing factionsthe ultra-conservatives, religious fundamentalists, and the far right. In this context, racism cannot stand alone as the sole antagonist of human rights violations. The victims of white supremacist ideologies and politics include immigrants, gays and lesbians, Jews, and women, as well as people of color. From the ranks of homophobes, anti-abortionists, racists, anti-Semites, and those who are simply afraid of a fast-changing world, white supremacists find willing allies in their struggle to control Americas destiny. Hate groups cannot be dismissed as a more complex than the virulence of a few fringe fanatics. With the breathless way the media covers hate groups, it is sometimes easier to characterize them simply as misfits or extremists, rather than acknowledge them as part of the larger problem of widespread racism, anti-Semitism, and homophobia. FBI statistics report that 65 percent of Americas hate crimes are committed by whites against blacks. A good portion of such hate crimes are what we call move-in violence, when neighborhoods, schools, churches, or jobs are finally integrated 2. 30 years after the 1964 Civil Rights Act. Terror over the visibility of the lesbian and gay movement lays behind the numerous hate crimes against gays and lesbians (and their allies) the fastest-growing hate crime category in the country. Some of the haters, living on the United States borders, are petrified at the thought that brown hordes of Mexicans, Chinese, or Haitians may swarm over them if they cease their militant rhetoric and violence toward these immigrants. If they live near Native American reservations, the aim of their violence is to challenge the few remaining treaty rights granted native peoples. Other white supremacists want to save the white race by controlling the behavior of white womenthey attack interracial couples, lesbians, and feminists. They join the anti-abortion movement, believing they can prevent white women from getting legal abortions. Racist far right organizations have been quick to glorify anti-abortion violence, making it yet another hot issue to fuel the fires of the white revolution. Hate groups have decided that they are no longer willing to wait for the white revolution, the violent backlash against human rights movements. They want a fast solution before, as they put it, the white race is extinct. These fanatics are terrorists who use bombs, murder, arson, and assaults in their genocidal war. Some skinheadsfor example, the Fourth Reich Skins arrested a few years ago in Los Angeles or the Aryan National Front, convicted of murdering homeless people in Alabama are in the vanguard of this street-level violence. Meanwhile, older survivalists like Randy Weaver, who was acquitted of killing a federal marshall in an Idaho firefight in 1992, 3.are barricaded in mountain shelters with stockpiles of weapons, awaiting the final Armageddon. Impressionable, often alienated people, both young and old, are natural recruits for this movement. They bring new energy and a willingness to display their hatred aggressively. They also expand the influence of the white supremacist movement, into the anti-abortion movement, into the anti-gay movement, into the English only movement, opening new avenues for the expression of hate. In the 21st century, the image of organized hate is rapidly changing. It is no longer the exclusive domain of white men over 30. It is becoming younger, meaner and more violent. Many people join the movement as teenagers, including a remarkable number of young women. This new and dangerous increase accounts for nearly one-third of the membership of some hate groups. The increase in the number of women, coupled with a strategic thrust to reform the public image of hate groups, has expanded womens leadership. These new recruits do not fit the stereotypical image of wives on their husbands arms. In fact, many of them are college-educated, very sophisticated, and display skills usually found among the rarest of intellectuals in the movement. Of particular concern in this early 21st century is a continuing convergence of sections of the white supremacist movement with the radical Christian Right, as represented by Pat Robertson, and nationalist ultra-conservatives, as represented by the crackpot Tea Party members and conservative Republicans such as Rick Santorum. This alliance is between religious determinists who think that ones degree of Christianity determines one’s future, economic determinists who see themselves in a 4.war of the haves against the have-nots, and biological determinists for whom race is everything. All believe they are in battle to save Western civilization (white Europeans) from the ungodly and the unfit (people of color, gays and lesbians, and Jews). What many Americans fail to realize is that, increasingly, white people are being literally scared out of their wits by demagogues, who crystallize for them their fears of people of color, lesbians and gays, the government, the media, welfare mothers, immigrants, the economy, health care, and the list goes on. The fact that race relations in the United States are usually presented as a black/white model disguises the complexity of color, the brutality of class, and the importance of religion and sexual identity in the construction and practice of white supremacy. This simplistic model, which fails to convey many of the important aspects of white supremacy, cannot specifically explain how white supremacy influences American culture and politics. White supremacy is an ideology that manipulates US politics and affects all relations in American society. It is sustained by rigid ideological categories. The construction of racial categories, although varying greatly over time, has always been based on the economic, social, and political aspirations of people of European descent. Throughout European history, racial definitions have been based on lineage, characteristics, skin hue, and religion. At the present time, there are not safe places for the victims of this type of violence to turn. No homeless shelters, no womens shelters, and often not even 5. police departments offer them support. The first step in building these resources is to recognize the magnitude of the problem so that human rights activists can come together to offer help and support to those outside the majority rule. A concerted, prolonged effort to teach young people about the true impact of white supremacy and its prevalence in American society is fundamental to breaking the cycle. To ignore this issue is to build intolerance into the next generation. An understanding of the historical and institutional effects of racism and the other isms that dominate our culture and society is vital to understanding present bigotry and abuse. In conclusion, when we recognize that racism, homophobia, sexism, anti-Semitism, and xenophobia flow from the same spring, and that they permeate every aspect of the lives of all Americans, we can then take steps together to make the United States a place that respects and honors the dignity of all people. 6. A Childs Tale By Gloria A. Loftin Let me tell you a tale my child of blue and grey of a world gone wild Let me tell you a tale my child of men in hoods and capes of hearts full of rage and hate Let me tell you a tale my child of men of god of greed and wealth Let me tell you a tale my child of peace and hope for all the world Let me tell you a tale my childÃ'Ž

Pre Existing Strategies For Youth Offending

Pre Existing Strategies For Youth Offending For over a decade Labours three successive administrations from 1997 to 2010 has left the youth justice system in a state of near permanent reform. With almost two decades prior to 1997 in opposition Labour had the opportunity to implement ready-made polices on criminal justice which started with the youth justice system by adopting a root and branch reform agenda.  [2]  This paper will critically review the policies pursued by Governments over the past fourteen years to address the social causes of crime amongst young people. The primary question this paper will ask is whether these policies have made a difference to either crime figures or recidivism amongst juveniles. The paper will initially begin by discussing the pre-existing strategies on youth crime employed before the last fourteen years which is crucial to critically reviewing the laws development over the past fourteen years. The second part of this paper will focus on the strategies employed to deal with the social ca uses of youth crime. The final section of the paper will draw the paper together by discussing the impact of the strategies employed by the various Governments to deal and manage youth justice offending by examining their impact upon youth offending. Pre-Existing Strategies for Youth Offending: Much of the twentieth-century juvenile justice system was characterised by a double taxonomy which can be best described as punishment and welfare.  [3]  The last fifty years have seen a bewildering complexity of shifts in the approach of the police, courts and various governmental agencies established to respond to youth offending and the social causes of crime.  [4]  It has been a dissected mix of governmental policies that alternate between punitive punishment and a welfare or care approach. The literature presents the 1960s as a high point in the development of welfarism in the youth justice system with a shift away from penal punishment to family councils and family courts to deal with juvenile offending and the surrounding social causes of youth crime.  [5]   The coming to power of the Conservative government in the 1970s brought a shift back to punitive punishment for youth offenders with an increasing use of juvenile courts with custodial sentences rising from 3000 in 1970 to over 7000 in 1978.  [6]  Alongside this shift towards a strong sharp punishment of youth offending in England and Wales, Scotland sought to introduce an alternative approach with the introduction of the Social Work (Scotland) Act 1968. An underlying feature of this approach to youth offending were welfare tribunals which used lay people such as social workers, teachers and family representatives in coming together to manage youth offending in a collaborative way to tackle both the wider social causes of youth offending and the individual offence under consideration. Pratt argues that there were four major sets of criticisms of the welfare model of youth justice: firstly the treatment-orientated interventions were perceived to be ineffective.  [7]  Secondly, evidence suggested that care could become more coercive than punishment. Thirdly, professional expertise of the members of the tribunals was less important than it was perceived to be, in that members were serving with little experience of juvenile offending. Fourthly, the care model of justice was alleged to be ineffective at dealing with youth delinquency. The election of the Conservative government during the 1980s with a law and order agenda produced a mixed approach to youth offending yet again.  [8]  The 1980s brought an introduction of a multi-agency approach to youth offending and the social causes of crime, with an increased use of formal and informal cautioning of youth offenders which distinguished first offenders from repeat offenders. A distinctive feature of this approac h to youth offending was the introduction of the concept of corporatism into the youth justice system which allowed a system to produce efficient, effective justice that worked.  [9]  The focus was on delivering a youth justice framework that worked efficiently delivering value for money for the government using cheaper alternatives than the court system. The youth justice model of the 1980s enjoined the 1990s with a marriage of punitive sentencing of repeat offenders with an incoherent cautioning system for first time youth offenders which the police patrolled without any consistency.  [10]   New Labour, New Youth Justice Police? It is arguable that, amongst other issues, Labour won its first general election under the banner of its tough talk on criminal justice issues.  [11]  By taking a mixed approach between retributive justice and restorative justice Labour sought to increase the States control, regulation and mangerialism of criminal behaviour and the social causes surrounding crime.  [12]   Labour sought to formulate its youth justice policies around a development of pre-existing philosophies of restorative justice values and practice including responsibility, restoration and reintegration, which would draw upon the experience of the existing framework.  [13]  Labour presented a Third way to deal with law and order which centred upon tackling the youth crime which were premised upon making young people take responsibility for crime through the concepts of responsibility, restoration and reintegration.  [14]  The centre piece of reform manifested itself in the Crime and Disorder Act 1998 and Youth Justice and Criminal Evidence Act 1999 which have sought to bring restorative elements and values on a formal platform within youth justice.  [15]  In essence the statutory framework represented a clear attempt at modernising youth justice based on empirical evidence.  [16]   The reform advanced by Labour to deal with the social causes of youth offending effectively represented a new youth justice system composed of a Youth Justice Board (YJB) at national level and a multi-agency Youth Offending Teams (YOTs) at local level to administer the youth justice framework.  [17]  This multi-level and multi-agency approach to youth justice redefined the architecture of the youth justice apparatus by reconfiguring the lines of power, management and responsibility.  [18]  In addition to redefining the youth justice apparatus within the criminal justice system, Labour adopted a twin track approach with a perpetual stream of legislative reform focused on reformulating the punishment framework within criminal justice. The main stay of the reforms was provided in the Crime and Disorder Act 1998, which established the Youth Justice Board, Youth Offending Teams and for a restructuring of the non-custodial penalties available to the Youth Court, other reforms included: anti-social behaviour orders (ASBO) and action plans, to reparation orders and parenting orders.  [19]  For offenders under 18, the system of police cautioning was replaced with a new system of reprimand and warnings, to allow young offenders to have the opportunity of at least one reprimand and one final warning prior to prosecution.  [20]   Newburn argues that the new reforms implemented sought to allow restorative values where possible within youth justice through the development of restorative cautioning, action plans and reparation orders.  [21]  The action plan represented an attempt to allow youth offenders to begin a short intensive programme of community intervention combining punishment, rehabilitation and reparation to change the offending behaviour and prevent further crime.  [22]  Although Labour sought to redraw the criminal justice agenda many of the reforms introduced echoed and resembled the multi-agency approach of the 1980s.  [23]  The crucial difference between this fresh attempt at reform was that part of the multi-agency approach this time was not to divert but rather to intervene and become involved in the process.  [24]  A central driving force in Labours restorative reforms was the influence of communitarian thinking, particularly with the introduction of reparation orders and rest orative cautioning.  [25]  The Crime and Disorder Act 1998 placed local authorities with the responsibility of formulating and implementing annual youth justice plans which dealt with the social causes of crime amongst other priorities. Gelsthorpe and Morris argue that the reforms introduced will allow restorative processes to occupy a marginal place within criminal justice until contradictory values and practices of blaming and punishing are given significantly less emphasis and restorative values and practices are given significantly more emphasis.  [26]  A potential flaw of the Crime and Disorder Act 1998 presented in the literature is that significant elements inherent in the reforms are premised on the basis of proportionality which is characteristic of punitive punishment. Wasik identifies that the reparation order is subjected to the normal requirements of proportionality which is linked to the retributive justice value of responsibility of the offender for the crime.  [27]  The central concern among advocates of restorative justice is that this model will not operate with the full potential of restorative justice values and principles which could over time gradually become more punitive than restorat ive in nature. Much of the debate throughout the literature focuses on the various elements of the reforms which can be considered to have restorative ideals.  [28]  The most significant reform was the introduction of Referral Orders as part of the Youth Justice and Criminal Evidence Act 1999. Dignan and Marsh argue that Referral Orders are potentially one of the most radical aspects of the entire youth justice reform agenda where the court can divert the young offender away from the courts system to deal with the offending behaviour through restorative approaches.  [29]  Crawford and Newburn argue that the reforms implemented by Labour were heavily influenced by the what works paradigm and the language of risk factors.  [30]   Conclusion: Goldson argues that Labour introduced an unprecedented corpus of youth justice legislation both in terms of reach and volume.  [31]  Fergusson argues that the approach to youth offending became a melting pot of contradictions, ideals and ideologies where a hybrid model emerges which encompasses a dissected mix of restorative and retributive values.  [32]  Fergusson correctly identifies that the way governments present policy rhetorically, how they codify it legally, and how those policies are played out in practice are critically different facets of the policy process in the management of crime.  [33]   Successive governments have responded to the social causes of youth crime in various ways throughout the last five decades, in particular the latest strategy employed a double edged sword which leans heavily on punitive punishment for adult offenders with a more welfarist approach in dealing with youth offenders.  [34]  Restorative justice undoubtedly represents one of the most significant developments in criminal justice and criminological practice and thinking over the past two decades.  [35]  It is arguably the social movement for criminal justice reform of the 1990s and into the new millennium.  [36]   Empirical evidence emanating from America, Australia and New Zealand indicate that where the use of restorative justice is prevalent for young offenders, there has been success at reducing youth offending rates and a reduction in repeat offending resulting in greater effectiveness at dealing with youth crime and the social causes of crime.  [37]   The net effect of these new policies aimed at the reduction of youth crime and tackling the social causes of crime represent a more integrated approach by the state to manage youth offending rates. The policies acknowledge the failures of the previous strategies of strict punitive punishment as a deterrent for further offences. The approach of incorporating restorative values, although arguable only at the fringes of the youth justice system, represents a more inclusive justice system which takes into account mechanisms to address the social causes of youth offending.

Life Struggle on Minimum Wage Essay -- essays research papers

Life Struggle on Minimum Wage   Ã‚  Ã‚  Ã‚  Ã‚  Sometimes life isn’t always as easy as getting a job, making money and paying you bills. In her fascinating book on extended essays Nickel and Dimed, Barbara Ehrenreich poses as an unskilled worker to show the struggles encountered everyday by Americans attempting to live on minimum wage, â€Å"matching income to expenses as the truly poor attempting to do everyday.† (6)   Ã‚  Ã‚  Ã‚  Ã‚  Ehrenreich gave herself three rules she had to live by and they were: 1. She could not use her education or professional skills to land a job, 2. She had to take the highest paying job offered and do her best to hold it and 3. She had to take the cheapest accommodations available with an acceptable level of safety and privacy.   Ã‚  Ã‚  Ã‚  Ã‚  Ehrenreich decides to try living in three cities across the US: Key West, Florida, Portland, Maine and Minneapolis, Minnesota.   Ã‚  Ã‚  Ã‚  Ã‚   In Florida she works as a waitress, taking two jobs, one of them she describes the conditions as:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"The regulation poster in the single unisex restroom admonishes us to   Ã‚  Ã‚  Ã‚  Ã‚  wash our hands thoroughly, and even offers instructions for doing so, but there is   Ã‚  Ã‚  Ã‚  Ã‚  always some vital substance missing – soap, paper towels, toilet paper – and I   Ã‚  Ã‚  Ã‚  Ã‚  never found all three at once. You learn t...

Importance of Setting and Wallpaper in The Yellow Wallpaper

Importance of Setting and Wallpaper in The Yellow Wallpaper   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Room itself represents the author’s unconscious protective cell that has encased her mind, represented by the woman, for a very long time. This cell is slowly deteriorating and losing control of her thoughts. I believe that this room is set up as a self-defense mechanism when the author herself is put into the asylum. She sets this false wall up to protect her from actually becoming insane and the longer she is in there the more the wall paper begins to deteriorate. This finally leads to her defense weakening until she is left with just madness and insanity. All of the characters throughout the story represent real life people with altered roles in her mind. While she is in the mental institute she blends reality with her subconscious, forming this story from events that are happening all around here in the real world.     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   As the reader is introduced to the woman we find her talking about very strange and unusual happenings occurring around her. She evens states that she has a condition that signifies insanity, but the doctor would never tell her straight to her face that she was insane. She says, â€Å"I think it is due to this nervous condition†(453). This shows that she knows there is something wrong with her. This nervous condition she refers to can only mean that she is having mental problems and is possibly going insane.   We can infer this because during this time period, the doctors did not state that someone was insane because they had no medical proof. Instead they would just tell the patients that they have a nervous condition, and send them away. She says, â€Å"I always fancy I see people walking in the numerous paths and arbors, but... ...f the bad that is going on in her real life, so she would have a happy place to live. With the collapse of her happy place her defense was gone and she had no protection from her insanity anymore. This caused all of her blocked out thoughts to swarm her mind and turn her completely insane. When the doctor found her, he tried to go in and help her. When the doctor finally got in he fainted because he had made so many positive changes with her and was utterly distressed when he found out that it was all for naught. This woman had made a safety net within her mind so that she would not have to deal with the reality of being in an insane asylum, but in the end everything failed and it seems that what she had been protecting herself from finally conquered her. She was then forced to succumb to her breakdown and realize that she was in the insane asylum for the long run. Importance of Setting and Wallpaper in The Yellow Wallpaper Importance of Setting and Wallpaper in The Yellow Wallpaper   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Room itself represents the author’s unconscious protective cell that has encased her mind, represented by the woman, for a very long time. This cell is slowly deteriorating and losing control of her thoughts. I believe that this room is set up as a self-defense mechanism when the author herself is put into the asylum. She sets this false wall up to protect her from actually becoming insane and the longer she is in there the more the wall paper begins to deteriorate. This finally leads to her defense weakening until she is left with just madness and insanity. All of the characters throughout the story represent real life people with altered roles in her mind. While she is in the mental institute she blends reality with her subconscious, forming this story from events that are happening all around here in the real world.     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   As the reader is introduced to the woman we find her talking about very strange and unusual happenings occurring around her. She evens states that she has a condition that signifies insanity, but the doctor would never tell her straight to her face that she was insane. She says, â€Å"I think it is due to this nervous condition†(453). This shows that she knows there is something wrong with her. This nervous condition she refers to can only mean that she is having mental problems and is possibly going insane.   We can infer this because during this time period, the doctors did not state that someone was insane because they had no medical proof. Instead they would just tell the patients that they have a nervous condition, and send them away. She says, â€Å"I always fancy I see people walking in the numerous paths and arbors, but... ...f the bad that is going on in her real life, so she would have a happy place to live. With the collapse of her happy place her defense was gone and she had no protection from her insanity anymore. This caused all of her blocked out thoughts to swarm her mind and turn her completely insane. When the doctor found her, he tried to go in and help her. When the doctor finally got in he fainted because he had made so many positive changes with her and was utterly distressed when he found out that it was all for naught. This woman had made a safety net within her mind so that she would not have to deal with the reality of being in an insane asylum, but in the end everything failed and it seems that what she had been protecting herself from finally conquered her. She was then forced to succumb to her breakdown and realize that she was in the insane asylum for the long run.

Essay on Chaucers Canterbury Tales - Evil Exposed in The Pardoners Ta

The Root of Evil Exposed in The Pardoner's Tale    "The root of all evil is money."   Because this phrase has been repeated so many times throughout history, one can fail to realize the truth in this timeless statement.   Whether applied to the corrupt clergy of Geoffrey Chaucer's time, selling indulgences, or the corrupt televangelists of today, auctioning off salvation to those who can afford it, this truth never seems to lose its validity.   In Chaucer's famous work The Canterbury Tales, he points out many inherent flaws of human nature, all of which still apply today.   Many things have changed since the fourteenth century, but humanity's ability to act foolish is not one of them.   Perhaps the best example of this is illustrated in "The Pardoner's Tale."   His account of three rioters who set out to conquer Death and instead deliver it upon each other, as well as the prologue which precedes the tale, reveal the truthfulness of the aforementioned statement as it applies to humanity in general and the Pardoner himself.      Ã‚  Ã‚  Ã‚  Ã‚   Before he even begins his tale, the Pardoner delivers a sort of disclaimer, informing the pilgrims of his practices within the church.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Pardoner was an expert at exploiting parishioners' guilt for his financial gain.   He sold them various "relics" that supposedly cured ailments ranging from sick cattle to jealousy.   And if the relics didn't seem to work, it was obviously because of the sinful man or woman who purchased them, and no fault of the Pardoner.   He had a few lines he would routinely say to his potential customers;      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   "Good men and women, here's a word of of... ...aucer does a great job of pointing out flaws of human nature, as well as the hypocrisy of organized religion.   He shows in several ways that money is indeed the root of evil.   In addition to the obvious message of "The Pardoner's Tale", Chaucer also paints a vivid picture of the Pardoner's character and uses this to further reinforce his point.  Ã‚   By examining both "The Pardoner's Tale" and the Pardoner himself, it isn't hard to see that the statement continues to ring true just as it did 500 years ago:   The root of evil is money.    Works Cited and Consulted Chaucer, Geoffrey. The Pardoner's Prologue and Tale. In The Norton Anthology of English Literature. Ed. M.H. Abrams et al. 6th ed. 1 vol. New York: Norton. 1:164-178. French, Robert Dudley. A Chaucer Handbook, 2nd ed. New York: Appleton Century Crofts Inc., 1955.

Music History: Renaissance Era

The Renaissance was the great age of vocal polyphony, music consisting of a number of equally important voice parts all woven together to create a complex tapestry of overlapping melodies and beautiful harmonies. In religious music, the primary compositional forms were the Mass and the motet, while in secular music they were the French chanson, or song (for three or four voices), and the Italian madrigal. Instrumental music was not, for the most part, as formalized during the Renaissance as it would later become. Instruments were used in varying combinations to accompany singers (in both religious and secular music), to provide music for private entertainment and dancing, and to provide festive or ceremonial music for towns and royal courts. Principal instruments of the period included the lute, organ, and harpsichord, viols, recorders shawms (double-reed precursors of the oboe), cruhorns (also double-reed instruments), trombones and trumpets (Gangwere). Among the most important composers of the Renaissance were Guillaume Dufay, of the so-called Burgundian school, centered at the court of the dukes of Burgundy in Dijon France and Johannes Ockeghem, Jacob Obrecht, Josquin des Prez, and later, Orlando di Lasoo of the Flemish school (Pen). The Mass The unvarying structure of the mass, the constancy of the text, and the solemnity of function were not conducive to musical experimentation in mass composition. Flemish masses still used the cantus firmus techniques of the earlier Burgundian masters. In the hands of exceptional composers such as Giovanni da Palestrina the mass was a highly devotional and serene expression of the liturgy, perfectly suited to the austerity demanded by the Counter Reformation. Palestrina’s flexible arched melodic lines, his studied use of consonance and dissonance, and his beautifully constructed harmonic sonorities became the model for generations of counterpoint teachers (Hoffman). The Motet The early motet (from the French word meaning â€Å"word†) frequently contained different texts in various languages for each voice parts. Complexities of word setting and tone painting were simply not an important aspect of the music for early motet composers. As the humanism began to exert its influence, composers grew more attentive to text setting. The single text was the motivating force for the motet. Each section of music was presented as a separate musical episode that attempted to highlight the clarity of the text as well as to convey the emotional impact of the words. This style of sensitive text representation came to be known as music reservata. Composers developed specific techniques for the musica reservata style. Second, the natural speech rhythm was matched by melodic rhythm so that the words were correctly accented. Third, syllabic treatment of text and expressive figures were used to portray the message of the text (Hoffman). The Chanson Chansons were three-voice secular works in which the music closely mirrored the meaning of the French poetic text. The text, usually an expression of love, was in rondeau form with a two-line refrain (A B a A a b A B). Although they may have been performed entirely by voices, the usual presentation probably featured a solo voice on the top (superius) line with the bottom two polyphonic lines played by instruments (Hoffman). Other musics such as chorale, anthem, psalm settings, frottola and madrigal are legacies of Renaissance period. It was only during the Renaissance that musicians begun to recognize the idiomatic potential of instruments and consequently began composing in particular genres intended for instrumental rather than choral performance (Pen). Works Cited Gangwere, Blanche. Music History During the Renaissance Period, 1520-1550: A Documented Chronology. Greenwood Publishing Group, 2004. Hoffman, Miles. The Npr Classical Music Companion: An Essential Guide for Enlightened Listening. Houghton Mifflin Books, 2005. Pen, Ronald. Introduction to Music. McGraw-Hill Professional, 1992.   

Revolution

D. extremist Changes in the Atlantic World, 1750-18501. The American novelty neer went through the radical phases that the french gyration did. Yet, the nineteenth-century French giving medication was much conservative than the nineteenth-century U.S. giving medication. Explain.The American Revolution is non as tough and Radical as the French Revolution becauseFrance provided American forces with fiscal help and armor support during the American Revolution. The Americans are withal greatly influenced by some philosophers that made them not to mind up to Frenchs form of government as a model even though France provided coalitions and even send off glide by and an army to help them triumphed battles effectively.French government is more conservative than the U.S government during the nineteenth century because of the absolute monarchy of French government. Americans never went through radical changes since they followed a series of board intellectual shifts and sociable sh ifts as well that gave them new republican ideals that expands state among American people and created the ethic that organize the core of American political values.2. What similarities and differences do you see amidst the nineteenth-century whirlings in Latin America and their French and American predecessors?The similarities between the 19th century revolution in America and their French American predecessors is that they began to inherit political powers and the idea of a egalitarian government where the consent lies on the governments consent. Assertion of liberty, individual rights, equation and hostility towards corruption which are considered as American core values greatly influenced their predecessors. This made realizations to them that they could too break apart and become self governing nations.E. The early on industrial Revolution1. How did events in the 18th century lead to industrialization in the nineteenth century? What was the most classical catalyst for industrialization?The industrial Revolution was a result of the outgrown of institutional and social changes in Britain right after the seventeenth century English Civil war and technological innovationThe presence of a large domestic market should also be considered an important driver of the industrial Revolution, particularly explaining why it occurred in Britain. In other nations, such as France, markets were stop up by local regions, which lots imposed tolls and tariffs on goods traded amongst them. (Deane, Phyllis. The First industrial Revolution, Cambridge University Press.)2. Compare and contrast the restore of the industrial Revolution on men and women. How was family flavor change by industrialization?Industrial Revolution have different impact on men and women for men it coat itinerary for more work ad encourage them to more enhanced way of labor through innovation and technology. compel labor and child labor is also rampant during the years of Industrial revolu tion which gave workers longer working hours. Womens hypothecate like factories of clothings and the weaving industry is affected by Industrial revolution because machines takes enthrone of the job which is supposedly for the works of women.The gravid Exhibition of 1851 site http//www.victorianstation.com/palace.html

Only the Strong Survive

The price of capital has increased.There is a big difference between the shipbuilding market of 2002 and 2013, however.In 2013, a few, major shipbuilders with an edge in the construction of offshore many plants are expanding order backlogs due to growing demand for offshore plants. We anticipate investments in offshore E&P projects will continue to rise, as we expect oil prices will remain high. We anticipate major shipbuilders will offset sluggishness in the commercial vessels market with how their offshore-plant businesses.Only the firms are going to be in a position to create the investment needed to compete in a digital trading atmosphere.[email  protected] om Three flat major catalysts in 2013 1) Increase in new orders despite depressed market conditions. 2) Improved cash flow and balance sheets. 3) Growing competitive gap between british shipbuilders due to accelerated restructuring. Historic low P/B presents attractive valuations We expect Korean shipbuilders will be abl e to maintain their competitive edge regardless of the depressed shipbuilding market.

Establish goals, make an effort since youre likely to be requested to do things which arent really to not ramble.We find Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) to be the best among shipbuilders that focus on mid-to-small vessels. We raise our target price on Samsung Heavy Industries by 5% to W46,200 to reflect its stable earnings and solid order flow; however, we downgrade our rating of Hanjin Heavy I&C (097230 KS/Hold) from Trading Buy to Hold. Three major domestic shipbuildersE cash flow and share performance (Wbn) 10,000 Avg. ash cerebral flow of major shipbuilders (L) Avg.Thus the liberty of everyone is the outcome of solidarity.Three major domestic shipbuildersE order trend and forecast (Wbn) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 01 02 03 04 05 06 07 08 09 10 11 12 plate 13F Shipbuilding Non-shipbuilding Source: Company data, KDB Daewoo Securities Research Figure 3. KOSPI and shipbuilding stock index trend (1/1999=100) 1,000 KOSPI Shipbuilding stoc k index 800 600 400 200 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 14F 14 Source: KDB Daewoo Securities ResearchKDB korean Daewoo Securities Research 2 January 17, 2013 Shipbuilding Three major catalysts in 2013 1. New orders for major Korean shipbuilders to increase sharply In 2013, we expect major Korean shipbuilders will see sharp increases in new orders. Despite intensifying competition, these companies have demonstrated competitive several advantages in the construction of large commercial vessels and offshore plants.

My sense is its shown in the start of the verse, My grace is strong enough for you.In particular, we expect orders for certain high-priced vessels, including FPSO and LNG FPSO, to increase. 2.Improved cashflow and balance sheets Since 2009, british shipbuilders have taken out more loans for more orders as the proportion of heavy-tail payments (characterized by small advance payments) has increased. On a more positive note, however, we expect shipbuilder loans to decrease (thus improving cashflow) as these contracts are paid off toward late 2013.Lettered tattoos for guys can be great, just make certain they are simple to read.Second phase of restructuring to further consolidate industry We anticipate the shipbuilding market will remain weak due to the global economic downturn, logical and the tightening of ship financing. We project the current, still-surviving shipbuilding companies will aggressively seek new orders to strengthen backlogs. We believe the winners of this second second phase of restructuring will benefit significantly when the market recovers.Amid the current drop in vessel construction, the percentage of bulk carriers and tankers (out of total orders) has decreased significantly, while the percentage of megacontainerships and LNG carriers has increased.

Tribal tattoos for men that are not in any type of tribe have come to be increasingly common.Another risk factor is won appreciation, but at current levels, we believe risks are limited, thanks to Korean shipbuildersE technological edge, and dollar denominated payment for raw materials, which accounts for 40% of total raw organic material purchase. KDB Daewoo Securities Research 3 January 17, 2013 Shipbuilding Figure 4. Three major domestic shipbuildersE cash flow logical and share performance (Wbn) 10,000 Avg. cash flow of major shipbuilders (L) Avg.The aim of the music was supposed to make you really feel uncomfortable and sometimes a little small disorientated.7% 8 0 2008 2012 Source: Clarkson, press release, KDB Daewoo Securities Research Figure 6. Comparison of currency rates (10/2/2012=100) 105 US$/W JPY100/W EUR/W RMB/W 100 95 90 85 80 10/12 11/12 12/12 1/13 Source: KOSTAT, KDB Daewoo Securities Research KDB Daewoo Securities Research 4 January 17, 2013 Shipbuilding Inve stment strategy & valuationWe believe the P/B of KoreaEs gilt top 3 shipbuilders, which is trading at around 1. 0x, should rebound to 1. 2x, a level seen historically as the low, thanks to the aforementioned three major catalysts.

old Folks who make the decisions.nd Sembcorp Marine (Singapore companies specialized in offshore plant). In light of the ongoing eurozone crisis and unstable global economy, shipbuilding new shares are expected to trade between a P/B of 1. 0x~1. 3x.Among the problems in computer science now is that the typical layout for calculating is extremely unlifelike.Figure 7. Major shipbuildersE ROE, P/B trends (Market cap, Wtr) 4. 0x (%) 50 3. 0x 40 90 60 2.

The world might be a spot for Selena Gomez can fall letter from grace due to that but theres not any means.New order trends (US$bn) 30 25 20 15 10 5 0 03 04 05 06 07 08 09 10 11 12 HHI SHI HMD Figure 10. Order backlog trends (US$bn) 60 50 40 30 20 10 0 07 08 09 10 11 12 HHI SHI HMD Source: Company Data, KDB Daewoo Securities Research Source: Company Data, KDB Daewoo Securities Research Figure 11. Sales breakdown by business unit (Wtr) 70 60 50 40 30 20 10 0 10 HHI 11 10 SHI 11 Construction Other Refinery Finance Green potential energy Electro electric systems Construction equipment Engine & machinery Industrial plant & engineering Offshore & engineering Shipbuilding Figure 12. Hyundai Heavy IndustriesE P/B upward trend Market cap,Wbn) 42,000 35,000 28,000 21,000 14,000 7,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 3.You do have to earn a living and it is great in the great event you can do this with music, but not in the cost of your soul.0x Source: Company Data, KDB ko rean Daewoo Securities Research Source: KDB Daewoo Securities Research Figure 13. Samsung Heavy IndustriesE P/B trend (Market cap,Wbn) 14,000 12,000 10,000 8,000 1. 0x 6,000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F 2. 0x 6.

Men have another reason behind choosing a mate.5x 6,000 2. 0x 1. 5x 4,000 1. 0x 2,000 0.Such men want the endurance to keep a high degree of combat readiness.0 Figure 18.EPS growth-P/E comparison (P/E, x) 20 Keppel 2. 0 Sembcorp Mitsubishi HHI 1. 0 Guangzhou Sumitomo giant Mitsui (ROE, %) 0.

It will happen once begun.6 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 8. 5 Market P/E (13F, x) 9. 0 KOSPI 1,977.There is simply no doubt.1 Foreign Ownership (%) 19. 6 Major Shareholder(s) Mong-Jun Jung et al. (21. 31%) Treasury shares (19.

Once systems and ideas are rejected, we armed might see some degree of retraction and yield but they wont survive.7 Relative -0. 9 -12. 6 -27. 1 One step back for twenty two steps forward ? ? ? Targeting orders of US$29.However, we expect the company to record robust orders in 2013, boosted by a pickup in the offshore/onshore plant market. The companyEs earnings how are anticipated to turn around in 2H13, while its cash flow should improve on massive orders and an increase in heavy-tail payments. HHIEs shares how are trading at a 2013F P/E of 8. 5x and a P/B of 1.In 2013, however, the company will be able to achieve its order target of US$29. 7bn in light of new its strong determination to revamp its business structure. 2) The company is anticipated to receive massive offshore/onshore plant orders.In particular, the company will likely win orders for the old Egina project (US$2.

4) Exports of construction equipment and ultra-high voltage transformers should also increase on recoveries in the US and Chinese economies. ) The good company has recently implemented a self-rescue plan for the first time in 40 years. While the number of applications for HHIEs early retirement plan (pushed through at end-2012) missed expectations, the company has subsequently carried out structural reform measures. We expect the companyEs long-term restructuring efforts to positively affect earnings going forward.7 3,782 6. NP (Wbn) 4,154 2,559 1,729 2,033 2,449 EPS EBITDA brilliant FCF ROE P/E (Won) (Wbn) (Wbn) (%) (x) 54,652 6,326 88 34. 5 8. 1 33,671 5,473 -504 16.1 8. 5 32,218 4,768 2,297 12. 2 7. 1 P/B (x) 2.9 EV/EBITDA (x) 6. 5 5. 3 8. 5 6.

8 12/12F 54,741 49,759 4,981 2,496 2,485 2,485 110 233 -240 2,595 766 1,829 0 1,829 1,729 100 1,568 1,458 110 3,469 -2,260 6. 3 4. 5 3. 2 12/13F 58,433 52,473 5,960 2,630 3,331 3,331 -448 248 -200 2,882 749 2,133 0 2,133 2,033 100 1,872 1,762 110 4,320 2,005 7.0 3. 9 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables report Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total Assets Current total Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital Stock Capital economic Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 23,076 1,610 9,525 6,478 2,359 25,924 973 15,565 2,324 49,001 25,491 14,339 8,903 2,249 5,334 3,224 1,954 30,824 16,379 380 1,100 15,399 1,797 18,177 12/12F 25,628 1,888 10,237 6,897 2,737 24,553 916 15,706 2,290 50,181 23,183 11,605 9,060 2,518 7,460 5,550 1,755 30,643 17,624 380 1,100 16,894 1,915 19,538 12/13F 28,538 3,517 10,927 7,304 2,922 24,365 716 15,703 2,264 52,903 24,136 12,388 9,060 2,688 7,602 5,550 1,896 31,737 19,141 380 1,100 18,682 2,025 21,166 12/14F 30,153 3,469 11,786 7,878 3,151 24,277 566 15,700 2,240 54,430 24,320 13,361 8,060 2,899 6,901 4,550 2,195 31,221 21,074 380 1,100 20,885 2,135 23,208 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and great Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible total Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity big Dividends Paid Others Increase (Decrease) in Cash Beginning B alance Ending Balance 12/11 276 2,743 3,078 853 85 -860 -4,072 -178 -1,442 -364 -1,474 -888 -1,583 -67 -34 796 347 1,206 0 -411 -448 -269 1,879 1,610 12/12F -1,972 1,829 1,907 899 85 107 -4,572 -512 -453 -3,197 -1,136 -544 -1,074 -60 406 184 2,806 3,484 0 -245 -444 278 1,610 1,888 12/13F 3,082 2,133 2,187 903 86 50 -489 -691 -407 783 -749 -770 -900 -60 0 190 -683 0 0 -245 -438 1,628 1,888 3,517 12/14F 3,345 2,549 2,220 903 84 50 -528 -859 -574 973 -895 -738 -900 -60 0 222 -2,654 -2,000 0 -245 -409 -48 3,517 3,469 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit economic Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity high Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 7. 6 10. 6 8.7 5. 0 1. 3 1. 1 1.2 5. 2 33,671 22,750 26,750 32,218 46,009 35,699 39,772 45,203 203,367 220,183 240,492 266,237 4,000 0 4,000 4,000 9. 6 0. 0 12.

8 1. 8 43. 8 1. 9 6.5 10. 4 -18. 0 -45. 2 34.6 20. 4 5. 9 6. 0 6.2 8. 3 4. 1 4. 8 5.

1 4. 8 16. 7 10. 2 11.0 11. 2 169. 6 156. 8 150.2 124. 0 40. 8 45. 3 34.6 9. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities further Research 9 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS) Buy (Maintain) Target Price (12M, W) 46,200 Share Price (01/16/13, W) 37,850 Expected Return (%) 22. 1 EPS Growth (13F, %) 0. 6 Market EPS Growth (13F, %) 19.

0 Free Float (%) 69. 5 52-Week Low (W) 31,650 52-Week High (W) 42,350 Beta (12M, Daily Rate of Return) 1. 57 Price Return Volatility (12M Daily, %, SD) 2. 3 Foreign Ownership (%) 32.05%) Price Performance (%) 1M 6M 12M ablative Absolute -2. 7 4. 3 12. 3 Relative -1.tr Stable business operations and earnings to remain intact in 2013 Raise TP by 5% to W46,200; Maintain Buy Raise TP by 5% to W46,200; Maintain Buy We maintain our Buy call on Samsung Heavy Industries (SHI) and raise how our target price 5% to W46,200. In deriving our target price, we applied a 5% premium to the companyEs lowest P/B level since 2005 (1. 3x). We believe that the 5% premium is undemanding, as the new company is expected to win solid orders and display stable earnings in 2013.3x. We think that SHI has strong investment merits in light of its competitive edge, stable earnings, robust growth potential, and cash flow improvement. Investment summary 1) Domestic institutions how are most optimistic on SHI am ong the three largest domestic shipbuilders. SHI has proven its superior competitiveness in the offshore plant business, including FLNG and drillships.

As such, the company will be able to repay its debt and strengthen its financial structure. 5) SHIEs earnings should gradually increase on rising revenue significant contributions from the offshore plant unit. Share price 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 13,146 13,392 14,875 14,980 15,751 OP OP Margin NP (Wbn) (%) (Wbn) 1,433 10. 1,000 1,160 8.7 3,685 1,455 1,556 19. 4 4,021 1,551 282 18. 4 4,044 1,514 931 15. 8 4,396 1,667 978 14.4 8. 6 P/B (x) 2. 1 1. 2 1.4 6. 1 5. 5 4. 5 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 10 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) Comprehensive net Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (A dj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit less Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 13,392 11,628 1,763 681 1,083 1,160 -10 -25 -32 1,150 299 851 0 851 851 0 616 616 0 1,455 1,556 10.

2 6. 2 12/13F 14,980 13,017 1,962 764 1,198 1,198 4 -44 0 1,202 268 934 0 934 934 0 925 925 0 1,514 931 10. 1 8. 0 6.6 5. 3 1. 2 5. 4 3,685 5,296 22,582 500 12.0 -14. 9 2. 8 23. 3 3.4 91. 3 25. 8 57. 5 12/12F 9.

0 0. 0 11. 1 6. 6 5.7 5. 8 18. 4 18. 9 182.7. 0 1. 3 5. 5 4,044 5,410 30,381 0 11.2 0. 6 4. 0 27. 1 4.

5 126. 4 -10. 3 69. 5 12/14F 8.0 0. 0 5. 2 10. 1 13.1 6. 4 14. 9 19. 1 121.4 EPS economic Growth (13F, %) 45. 2 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 13. 1 Market P/E (13F, x) 9.

58 Price Return Volatility (12M Daily, %, SD) 2. 4 Foreign Ownership (%) 18. 1 Major Shareholder(s) Hyundai Samho Heavy Industries et al. (46.We expect HMD to maintain stable rapid growth in orders and earnings, despite the global economic slowdown and eurozone fiscal crisis. Indeed, among small- to mid-sized shipbuilders, HMD is the company most favored by shipowners. Amid an expected further slowdown in the shipbuilding market, the company is anticipated to display distinguished share performance in 2013. Given HMDEs cash holdings of W450bn logical and the value of its stake in Hyundai Heavy Industries (W1.Investment points ) We believe HMD will continue to display outstanding performance among small- to mid-sized Korean british shipbuilders in 2013. Even amid intensifying competition due to limited orders and low ship prices, the company is expected to enjoy stable orders, earnings, and cash flow this year. 2) HMDEs competitiveness comes from its productivity, financing capa bility, and the quality of its products. It also boasts strong cost competitiveness as the company purchases raw materials at relatively lower prices from the Hyundai top Heavy Industries Group.5 3. 3 6M 6. 4 -2. 4 12M 11.

1 4,624 378 8. 2 200 9,992 441 -633 5. 5 11. 2 4,404 126 2.4 13. 1 4,855 230 4. 235 11,770 293 416 7. 4 10.2 1. 0 13. 8 0. 9 8.2 4. 3 12/12F 4,404 4,002 402 276 126 126 41 -8 -2 167 41 126 0 126 131 -5 -274 -265 -9 192 -563 4. 4 2. 9 3.

0 4. 7 4. 9 Statement of Financial Condition (Summarized) Wbn) Current total Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant logical and Equipment Intangible Assets Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities grand Total Liabilities Controlling Interests Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 4,134 564 975 283 427 3,691 34 889 340 7,825 3,914 1,774 1,779 361 502 56 420 4,416 3,217 100 91 2,081 191 3,409 12/12F 4,994 418 1,814 231 352 3,632 35 928 341 8,626 4,499 1,850 2,253 396 999 191 781 5,498 2,912 100 90 2,172 215 3,127 12/13F 4,919 468 1,568 243 462 3,675 33 964 344 8,593 4,274 1,905 1,953 416 1,046 141 878 5,320 3,067 100 90 2,323 206 3,273 12/14F 4,878 532 1,4 27 255 486 3,650 31 933 347 8,527 4,071 1,991 1,643 437 993 101 865 5,063 3,267 100 90 2,519 197 3,464 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation year Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other current Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others significant Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 -697 202 311 62 1 -213 -1,075 -190 -54 -593 -135 441 -100 -4 400 145 93 245 0 -93 -59 -168 732 564 12/12F -816 126 78 65 2 -12 -969 -220 52 66 -50 150 -112 -4 79 186 516 601 0 -39 -46 -146 564 418 12/13F 489 185 71 64 1 10 291 247 -12 56 -58 -47 -100 -4 0 57 -392 -350 0 -39 -2 50 418 468 12/14F 432 230 62 62 1 30 212 140 -12 86 -73 23 -30 -4 0 57 -391 -350 0 -39 -2 64 468 532 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) negative EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) strict Liability to Equity Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 11. 2 19.9 9. 8 8. 4 0. 8 1.8 8. 6 6. 0 9,992 6,556 9,518 11,770 13,153 9,869 12,760 14,910 146,152 130,821 138,428 148,290 2,000 2,000 2,000 2,000 19. 6 29.6 1. 6 1. 6 11. 7 -4.

5 33. 4 14. 3 -44. 7 -66.4 45. 2 23. 7 6. 1 4.1 19. 5 19. 5 2. 5 3.5 2. 2 2. 7 5. 5 4.

1 10. 7 15. 6 129. 6 175.0 115. 1 119. 8 -18. 0 -4.6 78. 1 109. 7Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 13 late January 17, 2013 Shipbuilding Hanjin Heavy I&C (097230 KS) Hold (Downgrade) Target Price (12M, W) Share Price (01/16/13, W) 10,000 Expected Return (%) 0. 0 EPS economic Growth (13F, %) RR Market EPS Growth (13F, %) 19.6 52-Week Low (W) 10,000 52-Week High (W) 23,850 Beta (12M, Daily Rate of Return) 1. 43 Price Return high Volatility (12M Daily, %, SD) 2. 7 Foreign Ownership (%) 9. Major Shareholder(s) Hanjin Heavy I Holdings et al (37.

We believe that the companyEs earnings and ready cash flow will not improve for the time being, given its tepid order performance amid the sluggish commercial vessel market, and the front suspension of its Youngdo shipyard due to a strike.Although the company has recently embarked on the development of an industrial site near the Incheon port, the project is unlikely to boost operating gross profit markedly due to high capital requirements and increased interest expenses. As such, the companyEs shares are unlikely to recover in the near term, in our view Although the companyEs shares are trading at a 2013F P/B of just 0. 4x, we believe that their investment merits are low.2) There is a slow growing possibility that the Subic shipyard will take new orders, as it possesses strong price competitiveness. However, as it is difficult to slender build highend vessels at the Subic shipyard, the companyEs earnings are unlikely to recover in the near future. 3) There are many labor-manag ement social issues yet to be resolved, including one related to employees who are currently on leave due to a lack of work. ) Although HHIC is meeting its short-term capital special needs through real estate disposal, the company will likely find it difficult to sell large-scale real estate assets due to the real personal estate market slump.Proceeds from the companyEs planned rights offering (estimated to at W180bn) should be only equivalent to its annual interest expenses. 6M -26. 7 -35. 5 12M -47.5 -103 2,795 76 2. 7 -10 3,071 83 2. 7 -32 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) -1,496 312 487 -3. 6 -2,006 200 -224 -5.

0 0. 5 0. 4 0. 4 0.9 18. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 14 January 17, 2013 Shipbuilding Hanjin Heavy I (097230 KS/Hold) Comprehensive national Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit more Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 2,892 2,665 227 140 87 108 -190 171 -2 -82 15 -97 0 -97 -97 0 -90 -90 0 200 -224 6. 9 3. 7 -3.0 2. 7 -0. 4 12/14F 3,071 2,764 30 7 224 83 83 -125 150 0 -42 -9 -33 0 -33 -32 0 -57 -56 0 184 146 6. 0 2.9 -2,006 323 36,806 0 0. 0 0. 0 -8. 7 -35.

2 -1. 3 -5. 1 2. 4 276.3 0. 4 24. 0 -2,123 -111 34,182 0 0. 0 0.3 8. 0 3. 9 -1. 5 -5.5 0. 3 12/13F 5. 9 0. 4 16.

8 20. 1 RR 3. 6 9. 8 4.6 87. 1 152. 8 0. 4 12/14F 10.0 9. 9 -5. 8 9. 9 RR 3.8 2. 4 267. 0 81. 7 157.

As of the publication date, Daewoo Securities Co. , Ltd. has been acting as a financial advisor to Hyundai Mipo Dockyard for its treasury stock trust, and other than this, Daewoo Securities has no other special interests in the companies covered in this report.As of the publication date, Daewoo Securities Co.* The target price was determined by the research political analyst through valuation methods discussed in this report, in part based on the analystEs estimate of future earnings. The achievement of the target price may be impeded by risks related to the subject securities and companies, as well as general market and economic conditions. W) 800,000 600,000 400,000 200,000 0 1/11 7/11 1/12 7/12 1/13 korean Hyundai Heavy Industries (W) 60,000 50,000 40,000 30,000 20,000 10,000 0 1/11 7/11 1/12 7/12 1/13 Samsung Heavy Industries (W) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1/11 7/11 1/12 7/12 1/13 Hyundai Mipo Dockyard (W) 50,000 40,000 30,000 20,000 10,000 0 1 /11 7/11 1/12 7/12 1/13 Hanjin Heavy I&C Analyst such Certification The research analysts who prepared this report (the „Analysts†°) are registered with the Korea Financial Investment Association and are subject to Korean marketable securities regulations. They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof.Except as otherwise specified herein, the Analysts have logical not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the same in direct connection with this report.No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or views contained in this report but, like all employees of Daewoo Securities, the Analysts receive compensation that is impacted by overall firm profitability, which includes public revenues from, among other business units, the instituti onal equities, investment banking, proprietary trading and private client division. At the time of publication of try this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or korean Daewoo Securities Co. , Ltd.Information and pinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information old has not been independently verified and Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, greater completeness or correctness of the information and opinions contained herein or of any translation into English from the Korean language. If this report is an English french translation of a report prepared in the Korean language, the original Korean language report may have been made available to investors in advance of this report. Daewoo, its affiliates and their directors, officers, employees and agents do not accept a ny liability for any loss arising letter from the use hereof. This report is for general information purposes only and it is not and should not be construed as an such offer or a solicitation of an offer to effect transactions in any securities or other financial instruments.

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