Wednesday, February 17, 2021

The impressions left the main person in two short stories

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Two short stories that have been effectively crafted to leave the writer with a strong


impression of the main character are, 'The Wedding Gift" by Thomas Raddal and "Piece


of steak" by Jack London. Both Stories evolve around entirely different circumstance but


show the journeys of the main character.


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"A Piece of Steak" is the story of a prize fighter called Tom King who has gained wisdom


but has lost his youth. His body was now battered and bruised, his knuckles were swollen


and his arteries no longer did the work. Tom is matched with a young boxer called Sandal,


"Tom was the grizzled old chopping block that guarded the highway to fame and fortune".


If Sandal managed to beat Tom he would go on to bigger and better things, if Tom won,


there would be food on his table.


Tom puts up a good fight, carfully calculating every move to make the most of his


diminishing strenght. Despite Tom's wisdom, Sandal is just to fit and his youthful


exuberance helps him overcome Tom. Although Tom is deeply saddened he holds no


grudges. He had done the same to Stowsher Bill twenty years ago and Bill had cried


afterwards like a baby. Fighting was business to him and there was one winner and one


looser. He was more unnerved about his wife waitning for him at his home that loosing.


From the end we get the impression that Tom is a man who accepts life for what it is and


this is shown by his battle with Sandals youthful exhuberence.


In The Wedding Gift, the main character Kezia is also faced with a troublesome task with


the same unlikelyhood of beating it. Kezia is forced to marry a man who nearlytwice her


age who lives in a remote fishing town some distance away. She has to travel to the town


on a horse in the snow acoompanied by the towns preacher. To her employers she is a


"colourless little creature, but quiet and well-mannered and pious,". Kezia may put on this


sharade but at other times she doesn't do everything a lady should. When out of view of


the preacher she rode the horse the way only a man was alowed to and did the unaccepted


act of bundling with the preacher to keep them warm. At the end of the story we see that


Kezia is not as meek as once thought and has been quite cunning. Instead of bringing out


the tinderbox to start a fire, she made them bundle together in the skins abonded in the


hut. This act showed the preacher sort of what he was missing out on. Kezia then


persuades him to marry her saying "Twouldn't matter if the young woman was your wife".


We see from Kezias actions that she is not someone who accepts life and does someone


through deciet to get what she wants.


Fom these two stories we see that one character accepts lifes harsh realities and another


character who won't accept he misfortunes and who does something about it. A Piece of Steak by Jack London


The Wedding Gift Thomas Raddal


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Monday, February 15, 2021

Gun Control

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Death is a fact of life and these days so are guns. TOday gun control is one of the vital issues on everyone's mind. With so many publicized school shootings the world is engulfed in the controversy of whether or not gun control should be stricter. Many believe we owe it to our children to have a stricter policy and others believe it would be a violation of out rights as Americans. I was in high school when the mass of publicized school shootings occurred and my school had even been threatened. When I have children I want them to live in a more peaceful place and not be afraid to go to school. I would hope everyone would want that. So the question arises, should there be stricter gun control? Will it make a difference in how many homicides and killings there are in the United States? Would stricter gun control make a difference or would the death toll stay the same.


You should always have the right to protect your family and that means you should be able to have a gun. Just think if you where lying in bed one night and were woken by a crashing noise in another room of your house. There is an intruder in your home and your children are sound asleep in their rooms. Don't you want to be able to protect them, if it's your children's lives or that of the intruders, wouldn't you pick your children? Wouldn't you want that protection by your bed where you can protect you family, it is your responsibility? This is a scenario that goes through the minds of parents all the time and this is one reason why people get guns for protection. This kind of thing happens on a daily basis. How many lives would be saved if only those people had guns that where killed by their intruders? How many people will die because their families weren't protected? Besides protection there are many people who hunt and shoot at targets other great usage of guns. These are two very popular sporting events that raise money, make job opportunities, and provide a stress relieve after days of hard work. If there is stricter polices what will happen to those who find pleasure in these activities. You would be taking away our rights as Americans. The second amendment states, "You have the right to bare arms." By having stricter policies on gun control you are taking away our second amendment our right as a United State citizen to bare arms. The fact is that people kill people, not guns. There would still be robberies and homicides whether or not there were guns. You would be loosing more than you would be gaining by making gun control an even stricter process.


On the other hand many people across the country or saying no to guns, because of the endless amount of shootings and killings at schools, the robberies, and the many homicides that have occurred. If there weren't guns in the houses of those children who decided to shoot there classmates there would have been no school shootings. After all if those kids had been carrying knives instead of guns there wouldn't have been those mass killings. People who own guns for protection are forty three times more likely to shoot themselves or a family member than an intruder. There are other ways to protect yourselves and your family, get a dog or an alarm system for your house. These are safe options and not as deadly. It's not really worth having a gun around because the truth is that the gun that was for protection will likely become a family members death warrant. The second amendment says that for military purposes you have the right to bare arms. The everyday man is not at war. In today's world we do not need a gun to survive. There is no need for us to hunt for our livelihood we have super markets. People with guns kill people, you can run from a knife but you can't run from a bullet. You are also more likely to get killed from a bullet rather then a stab wound. There should be a stricter policy on gun control for our children's sakes and for all our lives.


The bottom line is that guns do kill people but people are behind those guns. Without guns being around so much maybe there would be less killings. After all those who where behind the school shootings obviously couldn't have killed so many if they where holding knives instead of guns. The bulk of research done on gun control has failed to present a clear outcome. There are many factors involved in doing this research that makes the results so unclear. Such as the different ethnicities, religions, background, population, and economic status of the cities and the people behind the guns. Maybe one day we will find the perfect compromise. A more extensive waiting list, a special safety on guns, such as a special password, or voice activation, increasing the age you can get a handgun, or maybe people will just get smarter. Such as keeping your guns locked up and kept away from children and teach children guns aren't toys, they kill and they aren't the way you solve your problems. Then maybe we'll all get what we want, a more peaceful world to live in. Unfortunately there will always be a need for guns. Policeman will always have to carry guns and unfortunately there is always the possibility of war. I'm sure the illegal sale of guns will always occur. People will want to go hunting and shoot at targets, it is just something that will be part of our world.


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Will this world ever find peace, and if that peace comes will it be because gun control has become stricter or will it come with gun control staying the way it is. Can anyone really say that life would be better without guns? Can people say the world will be better with guns? It seems to me we need to stop the violence within ourselves and that will take care of gun control for us. As parents you owe it to your children to not only keep them safe but also teach them right from wrong. If you don't teach your children they will learn from someone else and they might teach them to kill. When you have guns in your home you need to be responsible. If you do right by the children of America who will one day control this country, I promise the future will be bright. So we have to find a way to exist and compromise, for I'm sure we all, fundamentally, want the same things. Our children deserve a peaceful and safe environment to grow up in.


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Sunday, February 14, 2021

Courtly Love in "The Knight's Tale" and "The Miller's Tale" by Chaucer

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The first tale is told by a Knight recently returned from the Crusades. Because the Knight is presented as a traditional, old-fashioned sort of fellow, it should come as no surprise that he tells a tale of courtly love. What is courtly love? This term refers to a phenomenon of the late middle ages when women were accorded an almost religious status, and the act of seeking a woman's favor took on the flavor of a religious quest. Ironically, however, while women seem to be central to the story, in fact they do absolutely nothing. The point of these stories was to show how women for men represented a metaphor for the man's relationship with the divine, and consequently in these works women function as completely static works of art. The man is expected to see the woman from afar and be smitten by her beauty. He makes some type of approach and is initially rebuffed. Generally after the battle, she accepts his love and a sexual relationship ensues.


The "Knight's Tale" reflects the courtly love tradition's idea of what the male's relationship to the female should be. This tradition saw women as objects to be revered and love as a game to be mastered, another arena for conquest just like war. The courtly love genre reflected in this story did not see women as free agents, or indeed, as agents at all.


The first tale is told by a Knight recently returned from the Crusades. Because the Knight is presented as a traditional, old-fashioned sort of fellow, it should come as no surprise that he tells a tale of courtly love. What is courtly love? This term refers to a phenomenon of the late middle ages when women were accorded an almost religious status, and the act of seeking a woman's favor took on the flavor of a religious quest. Ironically, however, while women seem to be central to the story, in fact they do absolutely nothing. The point of these stories was to show how women for men represented a metaphor for the man's relationship with the divine, and consequently in these works women function as completely static works of art. The man is expected to see the woman from afar and be smitten by her beauty. He makes some type of approach and is initially rebuffed. Generally after the battle, she accepts his love and a sexual relationship ensues.


The "Knight's Tale" reflects the courtly love tradition's idea of what the male's relationship to the female should be. This tradition saw women as objects to be revered and love as a game to be mastered, another arena for conquest just like war. The courtly love genre reflected in this story did not see women as free agents, or indeed, as agents at all.


In The Millers Tale Chaucer presents a side of the courtly love tradition never seen before. His characters are average middle class workers rather than elite nobility. Instead of being involved in courtly love there is some evidence that the relationship between Alison and Nicholas is one of lust. The Millers Tale is a parody of the courtly love tradition. But the fact that Chaucer uses the lower classes as his characters makes his story even more absurd. Instead of being wise they are foolish.


Whereas the Knights tale prizes morality and piety toward the gods, the Millers Tale values different attributes. Courtly romantic love is mocked mercilessly; Absolon, the one suitor whose behavior would fit traditional romantic standards, is the victim of Alisons scorn and receives only one vulgar kiss for his efforts. In the tale, Absolons romantic affectations mark him as foolish and effeminate. The Miller sarcastically notes how Absolon combed his curly blond hair to prepare himself for Alison, a parody of courtly love and romance for which the Miller has no use. The Millers tale prizes the characters who are the most shrewd rather than those who hold more sentimental emotions or obey traditional standards of behavior.


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Thursday, February 11, 2021

"Regardless of the forms of power employed by a nation state, unity and internal stability are essential in the pursuit of national interests"

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Nation states employ a variety of forms of power in the pursuit of what is considered in their national interest. However regardless of the forms of power employed by a nation state, unity and internal stability are essential so that it may achieve both its foreign and domestic objectives. The experiences of nations such as Indonesia and Papua New Guinea (PNG) in the Asia-Pacific region are effective platforms for discussion


Before any discussion may take place, the definition for the word "Power" must be established so an effective context may be sustained throughout this piece. Power can refer to the capacity that a state has to influence events. This is a measure of potential, and may include elements such as military strength, economic strength, geographical power and population size. However to fully achieve a nations goal it is often necessary to combine such power resources with power relations (Internationally and Regionally). . Other factors that are important in the context of a nation perusing its national interests include the ability of a nations leadership and its relevant support. However the effectiveness of many of these forms of power may be compromised if the nation-state lacks unity and is dominated by internal instability.


Since gaining independence in 175 PNG has employed a range of foreign policy instruments and forms of power in the pursuit of what is considered to be in the best interests of the nation state. Furthermore Papua New Guinea, in an effort to enhance the security and develop a viable economy, has developed stable and cooperative relations with the nations and non-state actors both in its immediate region and internationally. However over the years it is evident that the lack of unity within PNG has hindered its progress in pursuit of its national interests. Regionalism in Papua New Guinea is encouraged by the countries geography and the diversity of tribal and linguistic groups. The rugged terrain of the mainland has led to many groups to think of them as separate from the rest of the country. People on the various islands also often think of themselves as having a largely separate identity. The problem for the PNG government has been how to reconcile these feelings of separatism with its objective of maintaining national unity. This is clearly evident where the independence movement on the island of Bougainville has threatened the unity of Papua New Guinea. Although there is relative peace now, due ceasefire agreements the problem of whether Bouganville will remain a part of PNG still exits. The establishment of an independent entity would clearly be at odds of the PNG governments national interest, as it maintains that Bouganville (and its considerable natural resources) should remain a part of PNG, while members of the Bougainville Revolutionary Army and there supporters insist that independence should be granted. This highlights the deep divisions in the PNG's political arena, which in turn is having an adverse affect on national unity within then country. Consequently this lack of unity has hindered PNG's attempt to achieve its national goals, as was evident when of the act of aggression attempted by PNGDF against the BRA received severe international condemnation. This condemnation detracts from a PNG ability to obtain power relations (a power "asset") and therefore the lack of unity may be seen as a severe power "deficit".


The unity of a nation state also largely depends on the nature of leadership. A dictatorship may be able to act more decisively than a democracy in pursuing the goals of a nation, however the morale of the population may be greater in a democracy, which may be an objective of the national interest in itself. This has somewhat to a large extent been the case in Indonesia. The aspect of unity in a country of almost 11 million people is of prime importance to the nation-state itself as; it is obviously a key national objective. Indonesia to a somewhat greater extent then PNG has seen the effects of the 'lack of unity', as a result of more often then not religiously motivated regionalism. They're numerous active separatist movements within Indonesia, intent on gaining independence (i.e. Irian Jaya, Aceh and East Timor). Many of these regions offer potential power assets to Indonesia, such as valuable resources, which Indonesia would evidently want to exploit. Therefore, many of these separatist movements are add deep odds with the national interest of the state itself, and therefore limiting Indonesia ability to act effectively, decisively and as a unified state in pursuit of common objectives. As is the case with PNG, Indonesia has received large amounts of international condemnation, as a result aggression in an attempt to retain their 'power assets' i.e. (East Timor). This has stalled its progress and development as a viable nation state in the international arena, as the government is required to 'cater' for these separatist movement groups's interest, in an attempt to sustain the unity within the Indonesia.


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Diversifying investment risk with bonds

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The key to successful investing is to minimize that risk while maintaining an attractive return on the investments. One of the most effective ways to minimize the risk is to diversify. By diversifying the investments among stocks, bonds and money market securities, can lower the overall investment risk. Diversification can help even out price swings during the normal ups and downs of the stock market.


Many investors, understandably concerned about the future of the equity markets, are looking at alternative investment vehicles. For those who desire to increase the diversification in their portfolio in the hope of reducing their risk, fixed-income securities may be the answer mentions the article. All securities behave differently from one another, going up and down in separate cycles and to varying degrees. An individual stock is affected by a combination of different elements, including the overall stock market, health of the industry the company does business in, and the companys own performance. Though stocks generally vary more than fixed-income investments, fixed-income prices can be affected by changes in interest rates and the overall fixed-income market.


The author beliefs that equity markets, where stock prices are determined by factors such as anticipated earnings, market share, and expectations of future profitability that drive price, bond pricing is affected primarily by the current interest-rate environment. The author identify that the problem with adding bonds to a portfolio to reduce overall inherent risk is the possibility that the investor may lose principal within the bond portfolio if interest rates increase, thus defeating the objective of risk reduction. The recommendation of the author in relation to interest rate is that investors need to consider how to achieve an acceptable rate of return by investing in fixed-income securities without experiencing the higher risk associated with interest-rate fluctuation. They should determine what is the adequate offset of higher risk for higher return before they invest. Also the author adds, to minimize the impact of interest-rate changes, investors may wish to diversify their bond portfolios based on varying maturities.


The article mentions bond mutual funds as an alternative if current income is not an objective. Bond mutual funds offer the advantage of income reinvestment, allowing the investor to purchase additional bonds at current price levels. Funds vary greatly in their objectives and performance, which is no more guaranteed than investing in individual securities. Investing in a mutual fund eliminates one part of investment planning, selecting and buying individual securities that have the potential to meet goals. Also, mutual funds are highly diversified mentions the author. Each mutual fund share typically represents an interest in a mix of many different securities.


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The practice of laddering a bond portfolio also provides a very attractive method of diversification cited the article. Laddering can be accomplished by purchasing individual bonds or bond mutual funds. Laddering involves building a portfolio of bonds with staggered maturities so that a portion of the portfolio will mature each year, or some other specified time period. The author's recommendation regarding this method is that investors requiring current income should ensure that the different levels of income afforded by laddering are adequate to meet their current income needs.


My recommendation is to meet with a registered investment professional to take a fresh look at the current asset allocation plan or check which alternative is adequate to meet the current income needs. Also, it is important to regularly monitor the investments to make sure that the original allocation has not shifted.


In summary diversification spreading the money among many different investments takes a middle road through the highs and lows of market performance, allowing money the opportunity to grow regularly with fewer fluctuations along the way. Also, the main reason for diversification is simple. By including a variety of investments in the portfolio, the risk is less than put all money in one type of investment.


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Wednesday, February 10, 2021

Internationa Trade

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International Trade and Regional Economics


As economic integration among nations emerges at the dominant mechanism affecting trade patterns, the global economy is rapidly evolving into a patchwork of regional blocs. International trade is no longer the exclusive domain of sovereign states; its sources are increasingly found at the supranational level, while its impacts are more and more felt in sub national regions. In addition, the increase in freer economic policies all over the globe has so undermined national authority that regional economics are inevitably opened up to international trade.


In this volume, David Hayward considers the issue of regional exposure to external economic events, exploring the role of trade in the performance of American states and regions. Using a shift share model to evaluate the contribution of exports and imports in the growth of U.S. manufacturing industries, Hayward focuses specifically on the case of trade with the European Community, analyzing the potential impacts of its deepening integration on trade with individual states.


Planners and policy makers at this level are increasingly aware of the international dimension and seek the tools with which to address it. That is why this book integrates three distinct topics of inquiry regional economic analysis of the U.S. states; international trade and the impacts of economic integration; and the European union's 1 program. Thus, it is an ambitious attempt to explore the interconnectedness of supranational and regional economies. Therefore, this book is a manifest in the global reach of production systems and in the terms under which local and regional economies are integrated into the global economy. Buy Internationa Trade term paper


The author states how recent years have witnessed a growing concern among state policy makers and scholars of regional economic development with the external dimensions of regional economies. The increasing globalization of the U.S. economy and its constituent regional economies has caused state governments to "go international" in their industrial development promotion programs. These efforts have caught the attention of researchers concerned with external trade's implications for regional economies, particularly such aspects as the foreign trade component of state economies and the relative export performance.


International trade and regional economics is an exquisite piece of work. it is recommended for persons interested in International Trade, especially businesses that deal with the European Union. Hayward tries to explain the impact that European integration brought on U.S. state economies. Given the U.S.'s dominant position in the world economy the re-emergence of the Western European economies was seen as an economic treat. Reading this book we can learn the opposite that the reindustrializing Europe provided a profitable market for both American Consumer goods and investment. Indeed, several firms like Ford and General Motors established continental-scale operations in Europe and gained great advantages in economies of scale over their European competitors. Hayward concludes by evaluating the different variations in states' trade experiences with the European Community.


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Monday, February 8, 2021

MAN

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1. If firms in a competitive industry are presently earning an economic profit, what long-run consequences exist for the number of firms in this industry and the market price of their product.


Number of Firms Product Price


a. Increase Increase


b. Increase Decrease


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An industry earning a profit will attract firms, thus the number of firms will increase. However, competition will increase as well, and this will cause the price of that industries product to fall.


c. Decrease Increase


d. Decrease Decrease


e. Decrease No change


. A firm is a competitive seller of output at a market price of $. The only resource required to create its product is labor, which is purchased competitively at a wage rate of $6 per hour. The last worker employed increases total output from 6 to 40 units per hour. What is the marginal revenue product for this worker?


a. $


b. $6


c. $1 (40-6)


d. $4


e. Indeterminable from the information given.


. A firm requires labor and capital to produce a given output. Labor costs$8 per hour, and capital costs $1 per hour. At the current output level, the marginal physical product of labor is 40 units and the marginal physical product of capital is 60 units. Which of the following actions would this firm undertake to minimize its production costs at the current level of output?


Labor Capital


a. Increase Increase


b. Increase Decrease


c. Decrease Increase


d. Decrease No change


e. No change No change (40/8)= (60/1), thus MP labor = MP of capital and costs are minimized


4. Which of the following statements correctly describe(s) a firm that is a monopsonistic employer of labor?


I. The firm determines its level of labor employment by equating the marginal revenue product of labor with its marginal resource cost.


II. The firm pays a wage that is equal to the marginal revenue product of labor.


III. The firms labor supply curve is more elastic than the labor supply curve of a competitive employer.


a. I only. MRP= MRC holds true for competitive and monopsonistic models, thus statement I is correct. Statement II is incorrect for the monoposonistic model because the employer, being a monopoly, can control the wage rate. Statement III is also false because a monopsonistic firm has a supply curve that is equally elastic as every other firm.


b. II only.


c. III only.


d. I and II only.


e. I, II and III.


5. In a competitive industry, suppose the marginal revenue product of the last donut baker hired is $5, the marginal revenue product of the last bagel baker hired is $15, and a bakery must pay donut bakers $40 a day and bagel bakers $10 a day. The bakery should hire which of the following in order to maximize profits?


a. More donut bakers and fewer bagel bakers.


b. Fewer donut bakers and more bagel bakers. Profits are maximized when the MRP (labor)= 1, thus in this example, the MRP (donut bakers) must equal 1 and the MRP (bagel bakers = 1. Currently, the firm is paying its last donut baker more than his MRP, and is paying the last bagel baker less than his MRP, thus the firm must hire fewer donut bakers and more bagel bakers, to maximize profits.


c. Fewer of both donut bakers and bagel bakers.


d. More of both donut bakers and bagel bakers.


e. It is currently hiring the right number of donut bakers and bagel bakers.


6. Although statistical data show that broadcasting revenues exceed the profits of most professional sports teams, thus suggesting that these teams could not operate profitably without broadcasting revenues, an economist concluded that this overstates the importance of broadcasting for team owners profits. How can the concept of economic rent be used to explain this conclusion?


a. If there were no broadcasting, team owners would not have to rent TV lines and their costs would be lower.


b. If the owners had to pay economic rent to players, they could never make a profit without broadcasting revenues.


c. If there were no broadcasting revenues, players salaries would not include as much economic rent, and the team owners costs would be lower. Broadcasting revenues represent a surplus to team owners. Thus, if broadcasting did not exist, the owner would not have to pay his players as much economic rent, because there salaries would be lower, and his costs would derease.


d. Without broadcasting, owners could operate as monopolies instead of competitors and collect enough economic rent to overcome the loss of TV revenues.


e. If there were no games broadcast, owners could charge more for tickets and increase the total amount of economic rent they receive.


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