Guide to Teaching a Home Schooler to Love to Write

Guide to Teaching a Home Schooler to Love to Write Guide to Teaching a Home Schooler to Love to Write There is a trend rising around the globe, and it is homeschooling. While the increase of having your child sit at home, and getting them engaged in their studies is something many parents were not prepared for, unless they were already educators, the need for suggestions on how to teach them what is necessary for them to pass the tests each school year is also on the rise. Math and science has become popular with home schoolers due to the games online that help them grow to love these subjects, but writing seems to get students in a grumpy mood. Parents hear, â€Å"I hate to write, I hate to read, it’s so boring†. Parents, before you get frustrated and just give them the math and science homework instead of writing work, consider this: When our children practice their handwriting, it helps them develop their coordination Their reading skills increase Their spelling skills increase When they are fluid in handwriting skills, children learn to concentrate on task for longer periods of time Visual skills and motor skills are enhanced and they become better writers Writers are in high demand in workforce, and practicing now will help them study better in college So how do we get our kids engaged in literature and writing as much as they seem to love math and science? The first thing a home school educator must do is come up with an engaging writing curriculum specific to the age of the child. For Grades 1-4 When teaching this age group, we must keep in mind that their focus changes quickly. You can begin to peak their interest by asking them to write a simple list. Show them a list of your favorite things, and ask them to make a list of 5 of their favorite things. After their list is done, ask them to write 2 sentences telling you why each thing is important to them. The one thing that we know about this demographic is that are still very much self-centered by nature and always want to talk about what interests them. While teaching your kids to become writers, start developing a curriculum of how to teach them by buying books based on teaching kids to write. You can find many in your neighborhood library, or amazon.com is a low-cost place to buy books. Picture Use Graphics are always on the walls of elementary schools. This is because children have great imaginations. Gather many pictures of animals, cartoon characters, and even their favorite video game characters. You can type them into any search engine then click images, and they will pop up. Hang them near you homeschooled child at the beginning of the lesson and start a sentence about the picture and instruct your child to write a short story to go along with your sentence. Make sure you have many picture books on hand for your child and try these tips: After lunch sit with your child and read a book to them, if they already know how to read, ask that they read a paragraph then you read one. Reading encourages writing. When coming across words that your child struggles with, write it down or highlight it in the book. (only if you own the book, do not write in Library books) When you are done, go over the words that your child had trouble with and ask that they write a sentence for each of the words. Have your child create flash cards with color markers, putting words on one side and the name of the book they came out of on the other side. The next day, let them choose the book they want to read after lunch. Start a book shelf close to the area where your child is homeschooling. Parents, keep in mind that you are teaching the child to love to write, and this means giving them something they love to read. Sometimes this may mean changing location in the home also. No Distractions Please Being homeschooled can be a challenge because you are in the comfort of your home and we are used to turning on the television, the radio, answering the telephone, the door etc. While your little angel is trying to write their sentences, do not get distracted by phone calls or anything else. Kids will do what they see you do and if you allow for distractions while schooling is going on, you will inevitably have to begin again and again. One suggestion that we have found helpful, is changing the location of where you teach your child. If the living room is where you all usually watch your favorite shows or entertain guests. Don’t teach there. If the child’s room has their games, television etc. you may not want to leave them in there to study. Create an office space, or use your home office as the place that studies take place. Nature Teaches Us If it is a beautiful day, to encourage writing about the neighborhood, take a walk to the nearby park, you can practice writing in sand or with a stick in the dirt, or go to the library and have a lesson there. Take a car ride to the country, a day trip, much like they do in secular schools. Stop at a new place that you have never been, and pull out paper and writing tools and ask that your child create a story about where they are and what they see, but the story must be about: The smallest person on the planet Leaving the planet If everything was blue (or any color you choose) What they would do if they were lost in the middle of the woods Their tennis shoes, if they were magic If the car was a plane, where would you both go What happened when it began to rain? How many things they can think of that are in your house What they would do if cupcakes began to fall from the sky that could talk This exercise should take about 25 minutes or less and if they do not finish, keep that notebook in the car when you get back home. That notebook is now the car-story book and will be used when you go out. Middle Schoolers When you must teach middle-school kids how to develop an essay, you as a parent may need help in this area. Before you teach this subject, get in touch with a professional writing service that can help with your essays. Websites like this can give you feedback on an essay that you write and send to them, or they can write a professional essay and send it to you fully structured so you can use it as a guide. Sample essays are always good to have around when it comes to writing. Not only for your child, but for you to get good at your writing also. Middle schoolers are harder to keep engaged than little ones, they think they are too sophisticated for their parents when it comes to things like technology. We suggest that technology like their phones be off limits, unless they are used for writing. Many times, if we offer time on the computer or on their phones in exchange for writing a story, this works wonders for middle schoolers, no matter how much they hate writing. Some of the subjects that interests them are: Their favorite star (music, sports, television) Have them research someone they admire and write 2 paragraphs about them Jobs. Middle schoolers are interested in making their own money, tell them to write about their dream job and what they would do with their first paycheck. If they could go to any school in the country or the world, where would they go (this will give you an idea whether their mind is on college) Switching Roles Pick a day out of the week where you the parent becomes the student. Have your middle schooler create a lesson plan for you to carry out. They will spend up to 1-hour writing out what they want you to accomplish for your writing lesson. They will be testing you on grammar and developing an essay for you to write. This task will get their writing lesson in and they won’t even think they are doing work. It will all be about teaching you not them. Tell them to create a spelling word list for the following week and they must test you on your spelling list. If they are having trouble, be prepared to give them websites to find lists of words where they can do their research for you. Not only will this be fun, they will ask to do this again and again. Let them know that you love their teaching style and that you look forward to the days that they get to teach you. Writing Letters and With Others We as parents that homeschool must remember that writing just for us can become a bit boring for kids. Here are a few tips that can give your writing lessons new spark: Start a play date that invites other homeschoolers and their parents over to read aloud each other’s short stories Find a pen-pal site and write to people from other countries and read their letters aloud. Don’t wait for the holidays to write to Grandparents, write them just to say you miss them. Ask the local library if they would give you space to have poetry readings once a month, and get other parents that homeschool involved in participating. Develop cliff hanger stories that you pass around to your neighbors to finish. Start at the house on the block with something that goes like this. Today when the lights went out all over town†¦, then the next house gets to fill in a couple of sentences until it is a full story. Substitute the Writing Creative writing, and writing in general can be exciting and beneficial to all students, but to those that hate to write, it may take genuine effort to just get out one sentence. There are other projects that you can get you child interested in and still get them practicing their writing. For instance: Find a word puzzles (offer prizes for most words found) Creating their own crossword puzzles Use pictures to fill in word blanks instead of writing them in Create a list of rhyming words and then write a poem for them to recite out loud Tell them to use each letter in their names to come up with funny words that rhyme Hide word cards around the house and have a scavenger hunt to find them. When found, each word must be yelled out, and they must replace a card around the house for your turn to find. (Parent participation is so important in helping the child that does not like to write) When it is time to do the food shopping, get your child to sit down and write down what you call out that the house needs. Eggs, cheese, bread, etc. then tell them to write down some of their favorites on the list also. At the market, they will be reading the list back to you as you get the things from the shelves. You are on your way to helping your student learn to love writing. The more they read, the more prone they are to become good writers. At the end of every month, there should be an essay written.   Start with one page, and by the end of the homeschool semester they should be writing at least 3 pages of text. For younger children, include pictures that they can draw along with their stories. With these and other tips that are online for homeschooling parents, you will succeed in giving your child the best homeschool experience that you can give. Good luck!

Persuasive Essay on Adopting a Dog

Persuasive Essay on Adopting a Dog Persuasive Essay on Adopting a Dog There are numerous reasons why one should make the wise decision to adopt a dog, the first of which is that one gets to save a life by choosing to adopt a dog. In the United States of America only, more than two million dogs are available for adoption on a yearly basis. The main reason why so many dogs are available for adoption is there are many individuals who give up their pets to animal shelters, and the number of individuals who go to shelters to adopt a dog is small. Unfortunately, many animal shelters do not have enough space to house the pets comfortably and sometimes do not even have enough resources to take care of the pets. These reasons sometimes push animal shelters to tight corners and cause them to eliminate some of the pets that have not been adopted. If more people came up and adopted the dogs, fewer animals would be eliminated or tortured by those who adopt them for weird reasons. The other reason why one should adopt a dog is that when one adopts a dog from an animal shelter, he or she not only gets to save money but also gets to adopt healthy dogs. There is a common misconception that animals found in animal shelters usually have something wrong with them. The fact is there are numerous reasons that may make one give up a pet to an animal shelter. However, this is not necessarily because the animal is injured or has a certain fault. Animal rescue centers usually concentrate on bringing up animals in the healthiest way that they can to make it easy for one to adopt a dog, should one choose to take the dog home. The shelters also regularly examine the pets and vaccinate them accordingly and regularly, and they pay close attention to the pets to ensure they are in their best health. In relation to cost, it is usually much cheaper to purchase a pet from an animal rescue center than it is to purchase a pet from a pet store or any other store. Another important reason why one should adopt a dog for a pet is that pets have been shown to improve the mood of their owners. Instead of feeling lonely and moody, one should adopt a dog because the dog will give the owner unconditional love and therefore help one to psychologically feel better. Dogs are also great when it comes to improving the physical health of their owners. Scientists have shown that spending time with one’s dog can significantly lower one’s blood pressure and lower one’s cholesterol levels. Activities such as walking the dog or even grooming the pet provide the owner with physical activity, which in turn can help the individual strengthen the heart and bone tissues. Simply stated, dogs are not just pets but are beneficial in many ways. Tips on writing a persuasive essay about Adopting a Dog: 1. Define what audience your essay is directed to; whether most of your audience. 2. Make sure your argument is definite. 3. Research your topic about adopting a dog well. To make your claim stronger, your arguments should be clear and supported be real examples. You can easily buy an essay online from experts at . You will get a superior-quality custom persuasive essay written from scratch!

Sylvia Plath Essay Example | Topics and Well Written Essays - 1250 words

Sylvia Plath - Essay Example Sylvia Path had a way of making words change into pictures and imagery. Her works have been very beautifully cited as works of art in the field of literature. Sylvia Plath was born in Boston, in October 1932. She was born as a first child to Aurelia and Emil Plath, who was a biology professor at the Boston University at that time. When Sylvia turned eight, her father died of lung cancer and Aurelia Plath had to work at two places to support the family. This was the time when Sylvia's first drawing and poem were published in Boston newspapers. (Liukkonen, 2000) She got her intitial education from Phillips Junior High School, where she maintained very good grades. She started writing poetry for the literary magazine in her school also, by that time. She won an award in the National Scholastic's Literary Contest, in addition to the Carnegie Institute's Achievement Certificate, which was a very honorable award. In 1950, after graduating from Bradford High School, she got admitted to Smith College on a full scholarship. However, after returning home from New York, she found out that she had been rejected at Harvard's Summer School's Literary Class. She tried committing suicide by taking sleeping pills, due to the great depression caused by this news. After graduating, she won another bright scholarship to Cambridge University, England. This was an important period of her life as she continued to shine with her academia achievements and then met a British poet, Ted Hughes. After getting married, four months later, they shifted to Boston where Plath enrolled in Robert Lowell's poetry classes at Boston University. (Welz, 1999) In 1960, after her first child was born, Sylvia got her first major work published, that being called "The Colossus and Other Poem". This also included 'Lady Lazarus' and 'Daddy', in which Plath indulged in open, expressive poetry. This was a difficult time for the author, since she was overcome by suspicions of Ted Hughes's infidelity. These suspicions came true when Ted left Sylvia devastated and financially over burdened, for another woman. "Every woman adores a Fascist, The boot in the face, the brute Brute heart of a brute like you". (From 'Daddy', 1966) Plath died on February 11, 1963 in London by committing suicide. She was a commendable author and her works create a sense of emotion in the reader. Her tombstone still reads the pride achieved through her literary work. Sylvia Plath is considered a legend. And there is no doubt, to why so. Her Works: Besides, having The Bell Jar, as her most awarded piece of work, Sylvia's other poems also attracted praise and recognition. Some of these include (Liukkonen, 2000) Three Women, 1962 - radio play, BBC Uncollected Poems, 1965 Crossing The Water, 1971 A

Evaluate Chinas policies towards self-determination Essay

Evaluate Chinas policies towards self-determination - Essay Example Sometimes it is also treated as a particular collective right, distinct from individual rights. It is a disputed principle in ethics, with some arguing that no such entitlement exists, other than perhaps the right to resist or secede from tyranny. United Nations has stated clearly in its â€Å"International Covenant On Civil And Political Rights† that all peoples have the right of self-determination. All people, by virtue of this right, may freely determine their political status and freely pursue their economic, social and cultural development; all peoples may, for their own ends, freely dispose of their natural wealth and resources without prejudice to any obligations arising out of international economic cooperation, based upon the principle of mutual benefit, and international law; in no case may a people be deprived of its own means of subsistence. The States Parties to the present Covenant, including those having responsibility for the administration of Non-Self-Governing and Trust Territories, therefore, shall endorse the recognition of the right of self determination, and shall pay reverence to that right, in conformity with the provisions of the Charter of the United Nations. Before going into further details about the right to self determination and China’s policy towards it, it would be better to have some ideas about the political system and the political thoughts of China. It would provide a better understanding regarding China’s stand on the issue of self-determination. The Chinese political institution considers China as a single centralized state embracing all persons of Sinic culture, who are united under a common social order and a common political dispensation, with no exceptions. This Chinese polity is the oldest continuous one, which has survived since ancient times. A significant aspect of China is its long national history. In China, the imperial dynastic system prevailed for a long period. In

Western designer with an Eastern touch Essay Example for Free

Western designer with an Eastern touch Essay Designer Vivienne Tam has received quite a multicultural upbringing as she was born in Canton, brought up in Hong Kong, and eventually settled in New York. She has made a name in the fashion world by being innovative, and having her own distinctive style. I want to design harmonious and beautiful clothing that enhances ones personality, she says. Vivienne first became famous with her signature collection of Eastern inspired clothing with a modern edge on the New York stage in 1994. After that, East-meets-West style became her trademark and distinctive feature. Pieces of her now classic Buddha collection of 1997 ultimately became part of the permanent archives of the Andy Warhol Museum in Pittsburgh, The Museum of FIT and the Metropolitan Museum of Art in New York, and the Victoria and Albert Museum in London. Tams designs that have been described as simple but at the same time unique in their combination of East and West, traditional and modern have attracted the attention of celebrities including Julia Roberts, Goldie Hawn, Madonna, and Britney Spears. At the moment, Tam owns boutiques in New York, Tokyo, Hong Kong, and Kobe, Japan. In November, 2004, Vivienne Tam opened her second freestanding store in Xian Tian Di in Shanghai, China, and her ninth store in Hong Kong, located at The Peninsula Hotel in Kowloon. One of her recent successes is a partnership with The Mandarin Oriental Hotel Group where she is a brand ambassador. Her works will be featured in an advertising campaign to break in spring of 2005 in nationally distributed U. S. publications. Vivienne herself described her style in her book â€Å"China Chic† where she dwells on different aspects of Orientalism including fashion, food, art, architecture and home decor. She describes in the book in detail her own crosscultural style that unites Western and Eastern elements. Vivienne Tam describes the Chinese style that is native to he rand teaches readers to appreciate the Chinese design and assess the beauty of her favorite Ming chair. Vivienne Tam’s style has always been characterized by distinct feature of Orientalism, or something that is perceived by the predominantly Western public assessing her creations as oriental. Most critics describe her style as eclectic, that is, combining the elements of the â€Å"Oriental† and â€Å"Occidental†. Her clothing are carrying the trends similar to the folk Chinese costumes, such as the glistening fabrics and loose cut while remaining attached to the spirit of New York City’ s cultural life. Said’s Orientalism and Barthes’ â€Å"signifier† Thus, Vivienne Tam’s fashionable art can be linked to the concept of Orientalism described in Edward Said’s famous work â€Å"Orientalism†. Said himself, being of Palestinian descent, had a â€Å"cross-cultural† background. Said defined Orientalism as a â€Å"way of coming to terms with the Orient that is based on the Orients special place in European Western Experience† (Said 1979). Said insisted on the Orientalism being a cultural concept that is conditioned by the existence â€Å"cultural contestant† to the European Occident, and a recurring image of the â€Å"Other†. The Orient is thus an elusive notion that is merely a product of the European imagination and is utilized to help the Occidentals to conceptualize themselves in contrast to the Oriental tradition. Said describes Orientalism as a ‘style of thought based on an ontological and epistemological distinction’† between the Orient and the Occident† (Yang). Said insisted that Orientalism is a notion that was artificially created by the artistice circles of the West who were unable to grasp the crude reality of Eastern life and conjured up for themselves a sweetened â€Å"Orient†. He wrote in his work: â€Å"By virtue of the fact that the poet, scholar, and politician speaks for, or writes about the Orient indicates the Orient is absent, and that the Orientalist is outside the orient†¦ Poets make the Orient speak, and renders its mysteries plain to the West. † (Say-Saue 2001). Thus Said sees Orientalism as a kind of representation of the Orient by the Orientalists, found in the so-called truthful texts, such as history, journals, or, in other words, as cultural stereotype other opposite to the Occident (Yang). In Orientalism Said described this notion as it surfaces in the works of the European writers trying to provide an account of Eastern realia. Said connected the orientalist approach with the European culture that tried to control its relations with the Eastern subordinate states. He denoted the Western tradition of Orientalism as corporate institution for dealing with the Orient dealing with it by making statements about it, authoring views of it, describing it, by teaching it, settling it, ruling over it: in short . . . a Western style for dominating, restructuring, and having authority over the Orient (Edward Said). Thus, the tool of the Orientalism was utilised by the West in order to subjugate and oppress the East. The ideas present in Said’s works show that the application of Orientalism to the description of an obscure phenomenon was similar to the idea of a â€Å"signifier† used by Bathes. In the sense used by Roland Bathes’s theory of semiotics, â€Å"signifier:† is in some ways a substitute. For example, words, both oral and written, are signifiers, later exchanged by the brain for a working definition. The difference between the word â€Å"tree† and the substance which the brain substitutes for the input tree lies in the fact that you can make something out of the entity that is symbolized by the word, but you cannot use the word itself in construction. The signifier is therefore a kind of icon (Rowland Barthes Theories). Interesting in this respect is the idea of myth utilised by Roland Bathes which he determines

Theodore Roosevelt Essay -- Presidents History Essays

Theodore Roosevelt Theodore Roosevelt was fond of quoting an old African proverb that admonished people to "speak softly and carry a big stick." Ironically, it was his thunderous voice that made him president, earned him enemies and brought him friends. That voice also made him the bulwark of the Progressive Movement. On October 27, 1858, Roosevelt was born on East Twentieth Street in New York City to Martha Bulloch, who he described as a "sweet gracious, beautiful Southern Woman" and Theodore Roosevelt Sr., who he wrote was "the best man I ever knew." Roosevelt was born into wealth, with his father a henchman of the family firm, Roosevelt & Son. Roosevelt’s grandfather, Cornelius Van Schaack Roosevelt, had earlier redesigned the business so it focused on selling plate glass instead of retail hardware. When the financial Panic of 1837 struck New York, Roosevelt’s grandfather bought up land. The plate glass business was sold to a British firm in 1876 and it changed its focus again – this time moving into the private banking and investment business. As Roosevelt grew up, his uncle, James A. ran the business, but his father received a portion of the enormous profits. (Renehan, 16) Roosevelt was a frail and asthmatic child who was teased and bullied. He gradually overcame his ailments be becoming physically active, learning to box and ride horseback. He looked forward to the long vacations his family spent in the country, where he could revel in the countryside and its wildlife. While he was still a young boy, he became interested in natural history and zoology. His interest in hunting and nature were a lifetime passion for Roosevelt. In the fall of 1876, Roosevelt entered Harvard, where he graduated in 1880. "I thoro... ...cted, it became clear that the United States would probably become involved in Europe’s war whether it wanted to or not. Roosevelt began lobbying Washington so he could raise a division of infantry and cavalry to serve in Europe. He did not receive favorable responses and journeyed to Washington D.C. to personally speak with Secretary of War Newton D. Baker and President Wilson. His wish to create a division was refused. Roosevelt would later write a friend that Wilson’s soul was "rotten through and through." In 1918, Roosevelt was once again consorting with Republican conservatives such as Taft and Elihu Root, who were opposed to Wilson and his League of Nations. Roosevelt was overjoyed in 1918 when republicans won a Senate majority. Early in 1919 he was boasting that he would be given the Republican nomination for president in 1920. But he died on January 6, 1919.

Term Paper of Dbbl

Introduction: To finance their investments firms use retained earnings, new borrowings or the issue of stock. The financing decision involves i) dividend and ii) the capital structure. Dividend policy involves the decision to pay out earnings versus retaining them for reinvestment in the firm, and dividend policy decisions can have either favorable or unfavorable effects on the price of a firm’s stock. Cash distributions are made to stockholders form the firm’s earnings, whether those earnings were generated in the current period or in previous periods. Origin of the Report:During this semester of Summer 2010 in MBA program of East West University, we are required to submit a term paper in the course Corporate Finance: â€Å"An Appraisal of Dividend Policy and Capital Structure of An Organization†. We have chosen PRAN for our term project. Objectives of the Report: The general objective is to prepare and submit the term project within specified time by having an idea and over viewing the PRAN, their Dividend Policy and their Capital Structure. Scope of the Report: The scope is limited to over viewing PRAN their dividend policy and the Capital Structure they have adopted for their organization.Limitations of the Study: Secondary data were used in this study as result it may differ from actual data. As a group, we have also faced some difficulties in compiling and discussing it due to unavailability of all members at the same time. The absence of solid and verse knowledge about dividend policy is absent and we have taken it as an addition in our learning curve. Methodology: The report is originated from secondary data sources- 1. The Company’s Annual Report 2. DES website 3. Different Articles from Internet 4. Other related websitesCompany Profile PRAN: PRAN stands for Programme for Rural Advancement Nationally. â€Å"PRAN† is currently the most well known household name among the millions of people in Bangladesh and abroad also . Since its inception in 1980, PRAN Group has grown up in stature and became the largest fruit and vegetable processor in Bangladesh. It also has the distinction of achieving prestigious certificate like ISO 9001:2000, and being the largest exporter of processed agro products with compliance of HALAL & HACCP to more than 70 countries from Bangladesh.PRAN is the pioneer in Bangladesh to be involved in contract farming and procures raw material directly from the farmers and processes through state of the art machinery at our several factories into hygienically packed food and drinks products. The brand â€Å"PRAN† has established itself in every category of food and beverage industry and can boost a product range from Juices, Carbonated Drinks, Confectionery, Snacks, and Spices to even Dairy products.Today, our consumers not only value â€Å"PRAN† for its authentic refreshing juice drinks products, but also for its mouth watering quality confectionery products with high visual appeal and exciting texture. We intend to expand our presence to every corner of the world and strive to make â€Å"PRAN† a truly international brand to be recognized globally. The authorized capital of PRAN is BDT 50,000,000 and paid up capital is BDT 8,000,000. The proportion is given below: |Share Percentage | |Director /Sponsor |Govt. Institute |Foreign |Public | |42. 75% |0% |1. 27% |0% |55. 98% | [pic] Dividends: Dividend is that part of the profits of a company which is distributed amongst its shareholders. According to ICAI, â€Å"Dividend is a distribution to shareholders out of profits or reserves available for this purpose. † In other words we can say that a corporation makes Dividend payments to its shareholder. It is the portion of corporate profits paid out to its stockholders.When a corporation earns a profit at the end of a financial year, that profit can be uses by two different ways: it can either be re-invested in the business or it can be pai d to the shareholders as a dividend. Many corporations retain a portion of their earnings and pay the remainder as a dividend. Dividend Policy and Stock Value: There are various theories that try to explain the relationship of a firm's dividend policy and common stock value. Dividend policy is the policy a company uses to decide how much it will pay out to shareholders in dividends. A firm has different options to deal with its earnings.It can give all their earnings as dividend or it can retain all its earnings as retained earnings. The firm can also declare a portion of its earnings as dividend and can retain other portion as retained earnings. Dividends may be in the form of cash or stock. Most secure and stable companies offer dividends to their stockholders. Their share prices might not move much, but the dividend attempts to make up for this. High-growth companies  rarely offer dividends because all of their profits are reinvested to help sustain  higher-than-average  gr owth. Dividend Relevance Theory:The value of a firm is affected by its dividend policy – the optimal dividend policy is the one that maximize the firm’s value. Optimal Dividend Policy: Proponents believe that there is a dividend policy that strikes a balance between current dividends and future growth that maximizes the firm's stock price. Dividend Irrelevance Theory: The theory states that a firm’s dividend policy has no effect on either its value or its cost of capital. Bird-in-the-Hand Theory: It states that dividends are relevant. Remember that total return (k) is equal to dividend yield plus capital gains.Myron Gordon and John Linter took this equation and assumed that k would decrease as a company's payout increased. As such, as a company increases its payout ratio, investors become concerned that the company's future capital gains will dissipate since the retained earnings that the company reinvests into the business will be less. Gordon and Linter argued that investors value dividends more than capital gains when making decisions related to stocks. In this theory â€Å"the bird in the hand' is referring to dividends and â€Å"the bush† is referring to capital gains.The traditional argument in favour of dividend is the idea that dividends reduce risk because they bring shareholders’ cash inflows forward. Although shareholders can create their own dividends by selling part of their holdings, this entails trading costs, which are saved when the firm pays dividends. The risk reduction or bird in the hand argument is associated with Graham and Dodd (1951) and with Gordon (1959) and it is often defended as follows. By paying dividends the firm brings forward cash inflows to shareholders, thereby reducing the uncertainty associated with future cash flows.In terms of the discounted dividend equation of firm value, the idea is that the required rate of return demanded by investors (the discount rate) increases with the plough -back ratio. Although the increased earnings retention brings about higher expected future dividend, this additional dividend stream is more than offset by the increase in the discount rate. This argument overlooks the fact that the risk of the firm is determined by its investment decisions and not by how these are financed.The required rate of return is influenced by the risk of the investments and should not change if these are financed from retained earnings rather than from the proceeds of new equity issues. As noted by Easterbrook (1984), in spite of paying dividends the firm does not withdraw from risky investments, thus the risk is merely transferred to new investors. Reasons for Paying Dividends: 1. Clientele Effect: The investors in your company like dividends. 2. The Signaling Story: Dividends can be signals to the market that you believe that you have good cash flow prospects in the future. 3.The Wealth Appropriation Story: Dividends are one way of transferring wealth fro m lenders to equity investors (this is good for equity investors but bad for lenders) Types of Dividend Policies: 1. Constant-Payout-Ratio: Constant-Payout-Ratio is a dividend policy based on the payment of a certain percentage of earnings to owners in each dividend period. The problem with this policy is that if the firm’s earnings drop or if a loss occur, the dividend may low or nonexistent. 2. Regular Dividend Policy: Regular Dividend Policy is a dividend policy based on the payment of fixed amount of dividend in each period.It provides the owners with positive information, thereby minimizing their uncertainty. 3. Low Regular and Extra Dividend Policy: Low regular and Extra Dividend Policy refers to a dividend policy based on paying low regular dividend, supplemented by additional dividend when earnings are higher than normal in a given period. Nature of Dividend Decision The dividend decision of the firm is crucial for the finance manager because it determines: 1. The amo unt of profit to be distributed among the shareholders, and 2. The amount of profit to be retained in the firm. There is a reciprocal relationship between cash dividends and retained earnings.While taking the dividend decision the management take into account the effect of the decision on the maximization of shareholders' wealth. Maximizing the market value of shares is the objective. Dividend pay out or retention is guided by this objective. Factors Affecting Dividend Policy: A. External Factors B. Internal Factors A. External Factors Affecting Dividend Policy 1. General State of Economy: In case of uncertain economic and business conditions, the management may like to retain whole or large part of earnings to build up reserves to absorb future shocks.In the period of depression the management may also retain a large part of its earnings to preserve the firm's liquidity position. In periods of prosperity the management may not be liberal in dividend payments because of availability of larger profitable investment opportunities. In periods of inflation, the management may retain large portion of earnings to finance replacement of obsolete machines. 2. State of Capital Market: Favorable Market: liberal dividend policy. Unfavorable market: Conservative dividend policy. 3. Legal Restrictions: Companies Act has laid down various restrictions regarding the declaration of dividend:Dividends can only be paid out of: Current or past profits of the company. A company cannot declare dividends unless: It has provided for present as well as all arrears of depreciation. Certain percentage of net profits has been transferred to the reserve of the company. Past-accumulated profits can be used for declaration of dividends only as per the rules framed by the Central Government 4. Contractual Restrictions: Lenders sometimes may put restrictions on the dividend payments to protect their interests (especially when the firm is experiencing liquidity problems) B.Internal Factors af fecting dividend decisions 1. Desire of the Shareholders: Though the directors decide the rate of dividend, it is always at the interest of the shareholders. Shareholders expect two types of returns: [i] Capital Gains: i. e. , an increase in the market value of shares. [ii] Dividends: regular return on their investment. Cautious investors look for dividends because, [i] It reduces uncertainty (capital gains are uncertain). [ii] Indication of financial strength of the company. [iii] Need for income: Some invest in shares so as to get regular income to meet their living expenses. . Financial Needs of the Company: If the company has profitable projects and it is costly to raise funds, it may decide to retain the earnings. 3. Nature of earnings: A company, which has stable earnings, can afford to have a higher divided payout ratio 4. Desire to retain the control of management: Additional public issue of share will dilute the control of management. 5. Liquidity position: Payment of divid end results in cash outflow. A company may have adequate earning but it may not have sufficient funds to pay dividends. Apprising Dividend Policy of PRAN: Year |NI |EPS |Dividend Per |Dividend Payout Ratio | | |(in Millions) | |Share | | |2000 |33. 76 |42. 20% |20. 00% |47. 39% | |2001 |41. 99 |52. 49% |20. 00% |38. 10% | |2002 |43. 41 |54. 26% |25. 00% |46. 07% | |2003 |44. 39 |55. 49% |24. 00% |43. 25% | |2004 |40. 31 |50. 39% |24. 00% |47. 3% | |2005 |40. 77 |50. 96% |26. 00% |51. 02% | |2006 |28. 95 |36. 19% |26. 00% |71. 84% | |2007 |29. 33 |36. 66% |26. 00% |70. 92% | |2008 |35. 95 |44. 94% |28. 00% |62. 31% | |2009 |39. 97 |49. 96% |29. 00% |58. 05% | Table: 1 From the table 1 we see that in 2000 and 2001 PRAN have paid a cash dividend of BDT 20 per share in 2000 and 2001; in 2002 the dividend payment was BDT 25 per share.In 2003 to 2004 and 2005 to 2007 they have paid a cash dividend of BDT 24 and BDT 26 per share respectively. In the year 2008 and 2009 the cash dividend per share was BDT 28 and 29 respectively. Here we see that the dividend has increased in last two year, although the Net Income of the company decreased. However the EPS has also increased during the last two years and the same pattern can be seen in the Market Price of the share. [pic] Figure: 1 From figure 1 we can say that the dividend payment of the PRAN is certain and stable, regardless with earnings.As we see that despite of a drop in the earning in the year 2006 and 2007 the company maintained a constant cash dividend payment which is BDT 26 per Share and when the earnings increased in the year 2008 and 2009 the Dividend payment also increased. [pic] Figure: 2 The Dividend payout ratio indicates the percentage of each unit earned that a firm distributes to the owners in form of cash |Dividend Payout Ratio |= |Dividend Per Share | | | |Earnings Per Share |If we look at the figure 2 we see that to maintain a steady dividend payment per share each year they had to make a huge payme nt out of the Net Income. In 2006 and 2007 the dividend payout ratio was above 70% and in 2008 and 2009 it was above 58%. According to the Regular Dividend Policy the payment of the dividend is a fixed amount in each period. The Regular Dividend Policy also tries to establish to pay out a certain percentage of earnings, however it tries to stabilize the dividend by pay out a certain amount of dividend and it adjusts the dividend towards the target payout as proven earnings increases.In short we can say that PRAN is following the Regular Dividend Policy Constrains of Regular Dividend Policy: If we have a look at the figure 1 we see that the earnings of PRAN fluctuates year to year for this Regular dividend policy may sometimes prove dangerous. Once a company adopts the regular dividend policy, any adverse change in the dividend payment may result in serious damage regarding the financial standing of the company in the mind of the investors. The same problem is been experienced by PRA N despite of a drop in the earnings that they had to maintain the same amount of dividend.Appropriate type of Dividend Policy: A Stock market tends to be very efficient in the allocation of capital to its highest-value users. That market also helps increase savings and investment, which are essential for economic development. An equity market, by allowing diversification across a variety of assets, helps reduce the risk the investors must bear, thus reducing the cost of capital, which in turn spurs investment and economic growth. However, volatility and market efficiency are two important features which will ultimately determine the effectiveness of the stock market in economic development.In contrast to that the stock market of Bangladesh which is informationally inefficient, investors face difficulty in choosing the optimal investment as information on corporate performance is slow or less available. The resulting uncertainty induce investors either to withdraw from the market unt il this uncertainty is resolved or discourage them to invest funds for long term. Moreover, most of the time it is seen that investors are not rewarded for taking on higher risk by investing in the stock market, or excess volatility weakens investor’s confidence as a result they people avoid investing their savings in the stock market.Due to the imperfect market and the uncertainty of return the investors always aim for short term investment as a result they prefer dividend rather maximizing the firm’s wealth. The regular dividend policy, which ensures a fixed amount of dividend to be paid to the investor regardless to the company’s income during the period, helps to reduce the uncertainly for the investors. For this the Regular Dividend Policy is the appropriate for PRAN. Year |Net Asset Value Per |EPS |Dividend Per Share |Bonus Share |Market Price Per | | |Share | | | |Share | |2000 |258. 39 |42. 20% |20. 00% |- |416. 50 | |2001 |284. 60 |52. 49% |20. 00% |- | 370. 00 | |2002 |312. 82 |54. 26% |25. 00% |- |366. 00 | |2003 |343. 9 |55. 49% |24. 00% |- |412. 00 | |2004 |362. 27 |50. 39% |24. 00% |- |523. 50 | |2005 |386. 55 |50. 96% |26. 00% |- |519. 25 | |2006 |396. 11 |36. 19% |26. 00% |- |386. 00 | |2007 |383. 91 |36. 66% |26. 00% |- |382. 63 | |2008 |428. 9 |44. 94% |28. 00% |- |1142. 00 | |2009 |449. 96 |49. 96% |29. 00% |- |1363. 00 | Net Asset Per Share Vs. Market Value Per Share: Table: 2 From the table 2 we can say that PRAN has never issued any Bonus shares from 2000 to 2009. However they have maintained a steady dividend payment that shows a positive slope. The market price is very fluctuating in 2005 the MV was 519. 25 but in 2006 it went down to 386. 00, in 2007 it was 382. 63 but in 2008 the MV was 1142. 00. [pic]Figure: 2 From the figure 2 we see that till 2007 the Share Market Price and the Net Asset Value Per share is very close however from 2008 the difference between the Market Price and Net Asset value per Share increase d despite of a drop in the Net Income. In the year 2008 and 2009 the corporation has paid a cash dividend of BDT 28 and 29 per share respectively and the EPS in 2008 was 44. 94% and in 2009 was 49. 96. From the above mentioned information we can say that there is a high possibility that the reason behind the increase in the market price of the share imperfect market condition in the Capital Market in Bangladesh.The imperfect market situation might be the result of Syndication or by spreading rumor in the market, which caused the Share Price of PRAN to go up. Capital Structure: In finance, capital structure refers to the way a corporation finances its assets through some combination of equity, debt, or hybrid securities. In other words we can say that Capital Structure is the mix of a company's long-term debt, specific short-term debt, common equity and preferred equity. The capital structure is how a firm finances its overall operations and growth by using different sources of funds .Debt comes in the form of bond issues or long-term notes payable, while equity is classified as common stock, preferred stock or retained earnings. Short-term debt such as working capital requirements is also considered to be part of the capital structure. For example, a firm that sells BDT 20 billion in equity and BDT 80 billion in debt is said to be 20% equity-financed and 80% debt-financed. The firm's ratio of debt to total financing, 80% in this example is referred to as the firm's leverage. In reality, capital structure may be highly complex and include dozens of sources.Gearing Ratio is the proportion of the capital employed of the firm which come from outside of the business finance, e. g. by taking a short term loan etc. A company's proportion of short and long-term debt is considered when analyzing capital structure. When people refer to capital structure they are most likely referring to a firm's debt-to-equity ratio, which provides insight into how risky a company is. Us ually a company more heavily financed by debt poses greater risk, as this firm is relatively highly levered.The Modigliani-Miller theorem, proposed by Franco Modigliani and Merton Miller, forms the basis for modern thinking on capital structure, though it is generally viewed as a purely theoretical result since it assumes away many important factors in the capital structure decision. The theorem states that, in a perfect market, how a firm is financed is irrelevant to its value. This result provides the base with which to examine real world reasons why capital structure is relevant, that is, a company's value is affected by the capital structure it employs.Some other reasons include bankruptcy costs, agency costs, taxes, and information asymmetry. This analysis can then be extended to look at whether there is in fact an optimal capital structure: the one which maximizes the value of the firm. Capital structure in the real world if capital structure is irrelevant in a perfect market, then imperfections which exist in the real world must be the cause of its relevance. The theories below try to address some of these imperfections, by relaxing assumptions made in the M model.Capital Structure Theory: Trade-off theory of capital structure Trade-off theory allows the bankruptcy cost to exist. It states that there is an advantage to financing with debt (namely, the tax benefit of debts) and that there is a cost of financing with debt (the bankruptcy costs of debt). The marginal benefit of further increases in debt declines as debt increases, while the marginal cost increases, so that a firm that is optimizing its overall value will focus on this trade-off when choosing how much debt and equity to use for financing.Empirically, this theory may explain differences in D/E ratios between industries, but it doesn't explain differences within the same industry. Pecking order theory Pecking Order theory tries to capture the costs of asymmetric information. It states that co mpanies prioritize their sources of financing (from internal financing to equity) according to the law of least effort, or of least resistance, preferring to raise equity as a financing means â€Å"of last resort†.Hence: internal debt is used first; when that is depleted, then debt is issued; and when it is no longer sensible to issue any more debt, equity is issued. This theory maintains that businesses adhere to a hierarchy of financing sources and prefer internal financing when available, and debt is preferred over equity if external financing is required (equity would mean issuing shares which meant ‘bringing external ownership' into the company. Thus, the form of debt a firm chooses can act as a signal of its need for external finance.The pecking order theory is popularized by Myers (1984)[1] when he argues that equity is a less preferred means to raise capital because when managers (who are assumed to know better about true condition of the firm than investors) is sue new equity, investors believe that managers think that the firm is overvalued and managers are taking advantage of this over-valuation. As a result, investors will place a lower value to the new equity issuance.. Agency Costs: There are three types of agency costs which can help explain the relevance of capital structure.Asset substitution effect: As D/E increases, management has an increased incentive to undertake risky (even negative NPV) projects. This is because if the project is successful, share holders get all the upside, whereas if it is unsuccessful, debt holders get all the downside. If the projects are undertaken, there is a chance of firm value decreasing and a wealth transfer from debt holders to share holders. Underinvestment problem: If debt is risky (e. g. , in a growth company), the gain from the project will accrue to debt holders rather than shareholders.Thus, management has an incentive to reject positive NPV projects, even though they have the potential to i ncrease firm value. Free cash flow: unless free cash flow is given back to investors, management has an incentive to destroy firm value through empire building and perks etc. Increasing leverage imposes financial discipline on management. Other The neutral mutation hypothesis—firms fall into various habits of financing, which do not impact on value. Market timing hypothesis—capital structure is the outcome of the historical cumulative timing of the market by managers.Accelerated investment effect—even in absence of agency costs, levered firms use to invest faster because of the existence of default risk. Primary Factors influencing the Capital Structure: 1. Business Risk: It is the risk associated with the unique circumstances of a particular company, as they might affect the price of that company's securities. If the business risk is higher than the optimal debt amount will be lower. 2. Tax Position: It is the second key factor.The major reason for using debt i s that the interest is tax deductable which helps to lower the effective cost of debt. However, if much of a firm’s income is already sheltered from taxes by accelerated depreciation or tax loss carried forward from previous years, its rate will be low, as a result debt will not be advantageous as it would be to a firm with higher effective tax rate. 3. Financial Flexibility: It indicates a firm’s ability raise capital on reasonable terms under adverse conditions. 4. Managerial Attitude: It is the firm’s attitude to borrowing fund.Some of the firms are more aggressive than others; hence, some firms are more inclined to use debt in an effort to boost profit. This factor does not affect the optimal capital structure or value-maximizing, however it does influence the firm’s target capital structure. Evaluating the Capital Structure of PRAN: The debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets. Closely related to leveraging, the ratio is also known as Risk, Gearing or Leverage. Year |Equity |Debt |Debt to Equity Ratio|NI |EPS | | | | | |(in Millions) | | |2005 |330. 04 |165. 94 |33. 46% |40. 77 |50. 96% | |2006 |337. 69 |152. 59 |31. 12% |28. 95 |36. 19% | |2007 |327. 93 |114. 00 |25. 80% |29. 33 |36. 66% | |2008 |342. 71 |92. 9 |21. 25% |35. 95 |44. 94% | |2009 |359. 97 |138. 99 |27. 86% |39. 97 |49. 96% | Table: 3 From the table: 3 we can say that that in 2005 when the D/E ratio was 50. 96% the company experienced the highest EPS. If we compare the D/E ratio and the EPS of 2008 and 2009 we see that in 2009 the debt ratio has increased by 6. 61% which had a positive effect on the EPS as a result the EPS increased by 5. 02%. It shows that when the D/E ration increases the EPS also increases.If we look at the graphical presentation it will be easier for us to understand which is given below. [pic] Figure: 4 If we take the average of the D/E ratio from 2005 to 2009 we see that on average PRAN is maintaining a D/E ratio of 27. 90%. In short we can say that 27. 90% of the total equity is financed by Debt. It means that the PRAN is moderately aggressive towards the debt financing. As a result they have a lower Financial Risk and higher Business risk. Conclusion: PRAN is one of the reputed companies in the Dhaka Stock Exchange and they fall under the Category â€Å"A†.From year 2000 to 2009 PRAN has always have paid cash dividend however they have never paid stock dividend. PRAN is maintaining a reserve capacity Dividends can be used to budge assets out of the company and consequently from the potential allege of creditors which can be injurious to creditor wealth, and creditors will beyond a shadow of a doubt take pricing or contractual actions to offset these latent uses of dividends. The contemplations of signaling, agency and the effects of market imperfections upon optimal dividends are imperative dimensions about which financial managers must be sentient. Recommendations:Cash and stock dividend, both should be paid without fail. Our stock market is not an efficient market. The available information most of the times do not lead to the desired reality. Many investors believe on the rumors and invest in the share market. Security Exchange Commission should take proper steps to minimize this condition. Disclosure of the overall market price in the annual report is desirable. The company can ideas from its investors to improve the situation and thereby engaging them in the part of the decision making process. Issuing of bonus shares can be a good option to attract the potential investors.

Inherit the Wind Essay

Inherit the Wind â€Å"Here in Hillsboro we are fighting the fight of the Faithful through-out the world! † (53) Inherit the Wind is the epic legal drama, written by Jerome Lawrence and Robert E. Lee, of a controversial subject: creationism versus Darwinism. Hillsboro is extremely determined to defend creationism. Though fictional, Inherit the Wind is based on the Scopes Trial, which occurred in July of 1925 in Dayton, Tennessee.The play was published in 1957, a period of time where people, especially those of Hillsboro, the small town in which the play is set, were only allowed to teach the theory of creationism; teaching evolution was against the law. The people of the town were extremely religious. To not believe in the bible or attend church would result in being shunned by Hillsboro. In Inherit the Wind, the attitude of Hillsboro subtly changes throughout the course of the trial of the young schoolteacher who purposely broke the law.The town reflects the fiercely religiou s and biased views collectively shared by its people, such that it becomes an important character in itself. The changes in the town’s attitude are small, evident by certain individuals within the town learning to open their minds and accept the theory of evolution. Before the trial of Bert Cates, the attitude of the town is reflected by its behavior towards Bert Cates, Henry Drummond, and Matthew Harrison Brady. Bert Cates is a schoolteacher who was imprisoned for teaching evolution to his class, something Hillsboro considers to be very wrong.Rachel Brown is the daughter of the Reverend, and though she tries to defy her father and his views, even she sides with Hillsboro and does not understand â€Å"why [he] can’t be on the right side of things† (8). The â€Å"right side† is Hillsboro’s side; the only â€Å"right† answer is in the bible. Because Hillsboro is so close-minded, it refuses to accept any other theories or opinions. It wants Cat es to be found guilty. It considers him a criminal for what he did; therefore, the bias against him is clear before the trial even begins.In turn, Hillsboro is equally unhappy with the defense attorney, Henry Drummond. Drummond is a renowned lawyer who is described as â€Å"the most agile legal mind of the Twentieth Century† (22). He has the ability to win the case, something Hillsboro assumed would not to be done. Reverend Brown calls him the â€Å"Devil† (25) because â€Å"[one] looks into his face, and [wonders] why God made such a man† (25). Given this description, Hillsboro assumes it to be true and treats him as though he is evil. Hillsboro thinks Drummond does not believe in God because he has won cases where the defendants were clearly guilty.Hillsboro knows that Drummond is an excellent lawyer, and with him defending Cates, the trial could have a remarkably different result from what Hillsboro was expecting. By calling him the â€Å"Devil†, Hills boro is able to turn its people against Drummond. However, the attitude Hillsboro displays towards Matthew Harrison Brady is completely opposite. The famous lawyer is the lead prosecutor for the trial of Bert Cates. Hillsboro worships Brady; he is devoted to the bible, believing â€Å"all the answers to those questions are in the Bible† (34) and that evolution is nonsense.Hillsboro is overjoyed, and rather star struck to have him in town. All of Hillsboro gathers to welcome Brady with a feast and frequently sings, â€Å"It is good enough for Brady† (17). The difference with which Hillsboro treats Brady compared to Cates and Drummond is colossal. Everyone is completely taken in by his charm and presentation; each hang on every word he says. Before the trial begins, Brady already has Hillsboro on his side. With the negative attitude Hillsboro displays before the trial, how could Bert Cates stand a chance against their bias and closed minds?Throughout the trial of Bert Ca tes, the behavior and bias Hillsboro had previously displayed, remains, and escalates, to the point where even Brady feels uncomfortable. The meaning of religion to Hillsboro is reflected by its people, shown by the answers and opinions given by the potential jurors. The members of the jury were selected by Drummond and Brady, both of whom had to agree upon the individual in order for them to serve as a juror. Brady does not care whether it is a fair trial; he only wants to win.This could be almost guaranteed as the jurors are all members of Hillsboro and many seem to â€Å"believe in the Holy Word of God †¦ and Matthew Harrison Brady† (36). It is impossible to have a fair trial for Bert Cates when the jury members are all chosen from Hillsboro, thus it is clear they do not want Cates to stand a chance. A message from Reverend Brown to Hillsboro further illustrates this. At the end of the first day of the trial, the Judge announces â€Å"there will be a prayer-meeting t onight on the courthouse lawn, to pray for justice and guidance†(42), a message Reverend Brown asks him to relay.The judge seems to see nothing wrong with doing so, demonstrated by his reaction to Drummond’s objections. Clearly the judge does not care about the fairness of Cates’ trial, as he openly announced a meeting to pray for a guilty verdict. There were no evolutionist meetings being held, as Drummond pointed out. The only option Hillsboro gives is to believe in the bible. The degree of the importance of religion to Hillsboro is revealed during the prayer meeting. Reverend Brown becomes very passionate and eventually deranged when telling Hillsboro how God supposedly created the world in seven days.Hillsboro, in turn, reacts fervently, screaming and roaring â€Å"Hosannah! Bless the Lord who created us! † (57) And â€Å"Amen, amen! † (57). The Reverend goes on further to directly talk about Cates, asking Hillsboro â€Å"Do we call down hellfi re on the man who has sinned against the Word† (59), which Hillsboro agrees with, encouraging the Reverend to continue in his rant, and ask God to have Cates’ soul â€Å"writhe in anguish and damnation† (59). It is at this point in time that Brady realizes the extent Hillsboro is willing to take religion.Hillsboro would have Cates sent to Hell and eternally damned because he chose to teach evolution. As much as Brady is a religious man, even he believes Hillsboro has gone too far. The trial of Bert Cates has illuminated how religious Hillsboro truly is and how the opinion of a few people can impact an entire town. After the trial of Bert Cates, there is a small, but nevertheless definite, shift in attitude of Hillsboro, demonstrated by the outcome of the trial and individual character changes.Bert Cates is the first person in Hillsboro to dare oppose the law against evolution; this is the first step in bringing about the change. Although his actions are technical ly wrong, Cates believes he did the right thing and refuses to stand down. Even the woman he loves, Rachel Brown, begs him to â€Å"tell ‘em it was all a joke† (7), and though he wavers, he sees the trial through to the end. Cates opens the door to a different side, one which most of Hillsboro has never even considered, at least not openly.Though Hillsboro may not accept or like evolution, the town was forced to contemplate the idea of it because of the trial. Rachel Brown is the Reverend’s daughter, and throughout the play, struggles to stand up to her father; the conclusion of Cates’s trial allows her to find the courage to finally do so. Rachel is terrified to show her support of Cates for fear of her father. Reverend Brown answers Brady’s question â€Å"My daughter will be pleased to answer any questions about Bert Cates† (22).Before the trial begins, Rachel refuses to stand up for herself or answer for herself. She begins to oppose her f ather, when she jumps on stage and implores her father â€Å"[not to] pray to destroy Bert! † (59), during the prayer meeting, something she could not have done at the beginning of the play. She has had creationism enforced upon her for her whole life, yet Cates’s trial opens her mind to evolution, when Drummond questions Brady on how the World could possibly have been created in Seven days. The trial also gives her the strength to stand up to her father.A change in the attitude of one person can have a significant impact on the people around him, especially in a town as small as Hillsboro. Rachel cannot have been the only person in Hillsboro to doubt creationism after the trial; however, if she were, her new outlook would surely inspire those surrounding her. The result of the trial plays a key role in the change of Hillsboro’s attitude. Although the jury finds Cates guilty, his punishment is only a five hundred dollar fine. This case turned into something much bigger than just a small town case; the entire state was waiting with baited breath to hear the results.Yet after all the fuss and trouble that was made about this case, to fine Cates only five hundred dollars is astounding, especially considering Hillsboro wanted to have Cates’s soul â€Å"writhe in anguish and damnation† (59). The jury is made up of biased people who were completely close-minded to begin with, but Drummond is able to convince Hillsboro to slightly open its mind, which is an incredible accomplishment. Although Cates technically lost the trial, it should be considered a victory. In Inherit the Wind, the attitude of Hillsboro subtly changes throughout the course of the trial of the young schoolteacher who purposely broke the law.The town reflects the fiercely religious and biased views collectively shared by its people, such that it becomes an important character in itself. The changes in the town’s attitude are small, evident by certain individ uals within the town. The people of Hillsboro are extraordinarily similar. They all think, feel, and act the same way. There are few individuals who stand out in the town, as most are from the same cookie-cutter mold. Because the people are so alike, they are able to blend into one character that represents all of them.As a result, the town becomes a vital character to the story. Hillsboro is willing to send a schoolteacher to jail for voicing his opinions, because he goes against what the town collectively believes to be â€Å"right†. Through the course of the play, we are given insight into how much religion can mean not only to one person, but an entire town, and the lengths a town is willing to go to prevent change. Setting this play in a different town, one without the same religious beliefs, would alter the story immensely; in fact, the entire trial may not have occurred.

Free Essays on Deviance In America-Gangs

Originally the word gang had no negative connotation. In Old English, gang simply referred to a â€Å"number of people who went around together-a group.† Today a gang can be defined in four basic ways: An organized group with a leader A unified group that usually remains together during peaceful times as well as times of conflict A group whose members show unity through clothing, language A group whose activities are criminal or threatening to the larger society. Gangs are one of the results of poverty, discrimination and urban deterioration. Some experts believe that young people, undereducated and without access to good jobs, become frustrated with their lives and join gangs as an alternative to boredom, hopelessness and devastating poverty. Studies have attempted to determine why gangs plague some communities but there has been no definitive answer. As a result, people working to solve gang problems have great difficulty. They find the situation overwhelming, and the violence continues. Miller best defines what constitutes the make-up of a youth gang. Miller states: â€Å"A youth gang is a self-forming association of peers, bound together by mutual interests, with identifiable leadership, wee-developed lines of authority, and other organizational features, who act in concert to achieve a specific purpose or purposes, which generally include the conduct of illegal activity and control over a particular territory, facility or type of enterprise.† (1) No groups completely fitting the above description of gangs existed in America until the early 1800’s, but from the beginning of the European settlement in America there was gang-like activity, especially when class distinctions came into being. Gang members tended to be from the poorer classes and tended to be from the same race or ethnic background. They banded together for protection, recreation or financial gain. In the early 1900’s the U.S. economy worsened, t... Free Essays on Deviance In America-Gangs Free Essays on Deviance In America-Gangs Originally the word gang had no negative connotation. In Old English, gang simply referred to a â€Å"number of people who went around together-a group.† Today a gang can be defined in four basic ways: An organized group with a leader A unified group that usually remains together during peaceful times as well as times of conflict A group whose members show unity through clothing, language A group whose activities are criminal or threatening to the larger society. Gangs are one of the results of poverty, discrimination and urban deterioration. Some experts believe that young people, undereducated and without access to good jobs, become frustrated with their lives and join gangs as an alternative to boredom, hopelessness and devastating poverty. Studies have attempted to determine why gangs plague some communities but there has been no definitive answer. As a result, people working to solve gang problems have great difficulty. They find the situation overwhelming, and the violence continues. Miller best defines what constitutes the make-up of a youth gang. Miller states: â€Å"A youth gang is a self-forming association of peers, bound together by mutual interests, with identifiable leadership, wee-developed lines of authority, and other organizational features, who act in concert to achieve a specific purpose or purposes, which generally include the conduct of illegal activity and control over a particular territory, facility or type of enterprise.† (1) No groups completely fitting the above description of gangs existed in America until the early 1800’s, but from the beginning of the European settlement in America there was gang-like activity, especially when class distinctions came into being. Gang members tended to be from the poorer classes and tended to be from the same race or ethnic background. They banded together for protection, recreation or financial gain. In the early 1900’s the U.S. economy worsened, t...

Top Ten of the Ages essays

Top Ten of the Ages essays Looking back through the ages has been an enlightening experience. I have found that the intellectuals of the time delved for a deeper meaning in all that is life. With the advances in science, the philosophers were at once able to substantiate their claims. We can call the eighteenth century the age of the enlightenment because it was both a culmination and a new beginning. New currents of thought were wearing down institutionalized traditions. New ideas and new approaches to old institutions were setting the stage for great revolutions to come. Throughout both the age of Enlightenment and the Romantic age, we see the Artist of the time searching for perfection, coupled with the quest for logic. Rating the art, music, architecture, philosophy, and literature of the both ages and putting them into a list of the top ten seemed to be an insurmontable task, be here we have made a valient attempt. For the Enlightenment period, we chose Thomas Jefferson because even though he is more well-known for his political achievements, he was also a prominent architect. He used a form of neoclassical architectural representation when he designed the state capital of Richmond, Virginia. His architectural inspirations came from ancient Roman temples. Denis Diderot was the most prominently recognized and one of the most powerful writers of his time. His wrote the Encyclopedie which became known as The Analytical Dictionary of the Sciences, Arts, and Crafts.(Fiero, G.) It was the largest publication of works ever produced in the West. His work was a response to the rising literacy and to the widespread public interest in facts of everyday life.(Fiero, G.) William Hogarth and his engraving Gin Lane depicted the turmoil that was England at the time. Hogarth's concern with the state of the modern city, the dignity of professional women, and issues of theatricality, race, class, and taste predominated in his wo...

Business law Essay Example | Topics and Well Written Essays - 3000 words - 6

Business law - Essay Example by Chemie Grunenthal GmbH in the 1950s and it was an anti-convulsive drug that made users sleepy and relaxed and was seen as a substitute for tranquilisers (Kelsey, 2012). During the testing, there were no issues identified, it was tested on animals and it became apparent that the drug could be used as a means of expanding the portfolio of the company that developed it (Jacoby and Youngson, 2004). The drug eventually became available to the members of the public and it became popular with pregnant women. This is because it had the ability to suppress morning sickness during pregnancy. So more and more pregnant women used it during pregnancy. In May 1961, a baby was born in a hospital in Australia and the baby died shortly (Jacoby and Youngson, 2004). In a space of three weeks, two other babies were born in the hospital and they all died. The obstetrician managed to identify the commonality in the deaths was Thalidomide (Jacoby and Youngson, 2004). However, Nobel Laureate, Sir Ernest Chain stated that â€Å"of course, it was a tragedy... it could not be foreseen... no one was to blame... even if you do all these things (drug tests)... there is still a risk factor... you cannot guarantee safety in any case – safety is an illusion† (Kalter, 2003, p172). In the United States, the Thalidomide case formed the basis for the authorities to place a strict liability rule framework for the design, bystander and workforce risk issues (Stapleton, 1994). In English law though, the Law Commission report showed a strong support for placing a strict liability on companies and producers and this called for claimants burden of proving fault to be eliminated (Giesen, 2009). After much debate in the United Kingdom, the European Commission Council Directive 85/324/EEC was released to member states and they were required to introduce strict liability on manufacturers (Giesen, 2009). Based on this, the UK implemented Part 1 of the Consumer Protection Act 1987 (Roach, 2012). Prior

Strategic Change Management (Ansewr 6 questions) Assignment - 1

Strategic Change Management (Ansewr 6 questions) - Assignment Example High attrition rate and staff downsizing strategy of Airline company’s crates impact on defence mechanism of Airline staff. Southwest Airlines has applied clarity system as a part of Kurt Lewins Change Management Model to decrease resistance about newly implemented software system. The company has changed existing Microsoft Excel reporting pattern by implementing Hyperion Essbase model of financial budgeting. The company did the change in order to decrease overall reporting cost. The logic model of synergy theory describes sustainable change as participation multi level actors (local and global, top level, mid level and ground level management). This model not only increases communication scope but decreases change resistance also. British Airways used Kurt Lewin’s change management model in order to create positive impact on their business policy. In the unfreeze stage they downsized the workforce in order to decrease hierarchical levels. In the change phase British Airways altered internal system and provided incentives to absorb the shock effect. In the refreeze stage BA integrated customer satisfaction with individual objective of key members of organizational hierarchy. They refurbished uniform of staff and aircraft design as a part of change management process. The market demand for Airline industry has been dented due to sovereign debt crisis and economic recession. Airline industry has lost more than $25bn (Â £16bn) in last ten years (Milmo, Topham, and Roberts, 2012). Companies are competing with each other in order to achieve competitive edge such as low cost service delivery, fast service delivery, expanded destination service, fleet size and many others. For example, Southwest Airlines has achieved the competitive edge of lowest fare in comparison to other players in the market. The new airline group formed by the merger is the sixth largest airline service in the world in terms of