Marriott Corporation” the Cost of Capital Essay Example for Free

Marriott Corporation† the Cost of Capital Essay What is the weighted average cost of capital for the Marriott Corporation and cost of capital for each of its divisions? – What risk-free rate and risk premium did you use to calculate the cost of equity? – How did you measure the cost of debt? – How did you measure the beta for each division? Solution What risk-free rate and risk premium did you use to calculate the cost of equity? – Risk-free rate proxy The risk-free rate is determined using the yields of U. S. Treasury securities, which are risk-free from default risk. U.S. Treasuries are subject to interest rate risk, therefore, the selected maturity should correspond to an investment horizon[1]. – Investment horizon According to the cost-of-capital calculation methodology used by Marriott Corporation, lodging division was treated as long-term, while restaurant and contract services divisions were treated as short-term because those assets had shorter useful lives. – Expected return proxy Arithmetic average return is more suitable than geometric mean as it is better in estimating an investment’s expected return over a future horizon based on its past performance (geometric mean is a better description of long-term historical performance of an investment). – Risk-free interest rate Taking into account the above, arithmetic average annual returns of long-term U.S. government bonds for the period 1951-1987 (4.88%, see Appendix 1) is  considered to be risk-free rate for lodging division. Arithmetic average annual returns of short-term U.S. government bonds for year 1987 (5.46%, see Case Exhibit 4) is considered to be risk-free rate for restaurant and contract services divisions. – Market proxy SP 500 index is selected as a market proxy as it is believed to be close to the true market portfolio. As it is important to use historical returns for the same market index used to calculate beta (which is given), an assumption is made that the given leverage data is calculated based on the same SP 500 index. – Market risk premium Market risk premium should be calculated for the same horizon as that used for the risk-free interest rate. Thus a spread between SP 500 composite returns and long-term U.S. government bond returns for the period 1951-1987 (7.88%, see Appendix 2) is a market risk premium for lodging division. A spread between SP 500 composite returns and short-term U.S. government bond returns for year 1987 (-0.23%, see Case Exhibit 5) is a market risk premium for restaurant and contract services divisions. How did you measure the cost of debt? Marriott Corporation and each division are given market value-target leverage ratios and credit spreads as well as U.S. government interest rates as of April 1988 (see Case Tables A and B). According to investment horizons discussed above, the following cost of debt is estimated: How did you measure the beta for each division? Ideally, when estimating beta by using past returns, time interval should be consistent with an investment horizon. Betas given in Case Exhibit 3 are estimated over 1986-1987 period. As these are the only betas given, they are assumed to be relevant for both long-term and short-term investment horizons. Equity betas of each division are calculated from comparable hotel and restaurant companies. Equity betas are then unlevered taking into account financing structure of each company according to the following formula: [pic], where Tax = 40% An average of unlevered betas of comparable companies is assumed to be a proxy for unlevered betas of Marriott divisions. For calculations of unlevered betas for each division see Appendix 4. What is the weighted average cost of capital for the Marriott Corporation and cost of capital for each of its divisions? WACC is calculated according to the formula given in the case taking into account the tax shield. Cost of equity is calculated according to CAPM model.

Reliance Industries Limited: Effect of Globalisation

Reliance Industries Limited: Effect of Globalisation The Reliance Group, founded by Dhirubhai H. Ambani, and is one of the largest private sector companies in India, with businesses in the energy and materials value chain. Reliance Groups annual revenues are in excess of US$ 58 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company. Reliance activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones. Reliance is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. Major Group Companies are Reliance Industries Limited (including main subsidiary Reliance Retail Limited) andÂÂ  Reliance Industrial Infrastructure Limited. Reliance Group is a highly diversified group and is in to multiproduct business like oil/gas exploration, retail of petro/consumer products and mfg. of petrochemical/refining and textile products. Here I have summarised how Globalisation has affected the survival and sustainable development of Reliance Industries Ltd. GLOBALISATION If I were to summarise in one word as to what is Globalisation Liberalisation is leading to.. I will say Competition. Globalisation has a significant impact on entrepreneurial enterprises in many ways. Globalisation provides a great opportunity for entrepreneurial ventures to expand their business internationally. With the help of local governments, large corporations, and international organisations, entrepreneurial enterprises are able to confront the challenges posed by globalisation and economic liberalisation, to improve their competitiveness in the global market, and better serve the global consumers. A number of hypotheses are examined to understand how globalisation has affected the survival and sustainable development of entrepreneurial enterprises. Globalisation has forced Reliance in the following ways It has aligned with the global trends Development policies and compensation systems were put in place. Built leaders within organisation, within this talent pool. International Business Environment affects the development of RIL India imports about two-thirds of its crude oil requirement. Exploration and production of oil and gas is critical for Indias energy security and economic growth. Reliances oil and gas exploration and production business is therefore inexorably linked with the national imperative. Exploration and production, the initial link in the energy and materials value chain, remains a major growth area and Reliance envisions evolving as a global energy major. Over the years the EP industry has registered significant growth, primarily due to spiraling crude oil and gas prices. With growing competition and ever growing demand for energy, especially from developing countries, the focus is on energy security. RIL began gas production within six and a half years of gas discovery, in comparison to the world average of 9-10 years for similar deep water production facilities. Continuous gas production for about a year, with 100% uptime, once again demonstrates the Companys flawless commissioning and execution capabilities. In April 2010, RIL entered into a joint venture with the USA based Atlas Energy, Inc. (Atlas) under which RIL acquired 40% interest in Atlas core Marcellus Shale acreage position. RIL has become a partner in approximately 300,000 net acres of undeveloped leasehold in the core area of the Marcellus Shale region in south western Pennsylvania for an acquisition cost of $ 339 million and an additional $ 1.36 billion capital costs under a carry arrangement for 75% of Atlass capital costs over an anticipated seven and a half year development programme. Low operating costs and proximity to USA northeast gas markets combine to make the Marcellus Shale region one of the most economically attractive, unconventional natural gas resources play in North America. The acreage will support the drilling of over 3,000 wells with a resource potential of approximately 13.3 Trillion Cubic Feet equivalent (TCFe). While Atlas will serve as the development operator for the joint venture, RIL is expected to become a development operator in certain regions in the coming years in the JV. Atlas will continue acquiring leasehold in the Marcellus Shale region and RIL will have the option to acquire 40% share in all new acreages. RIL also obtained the right of first offer with respect to potential future sales by Atlas of around 280,000 additional Appalachian acres currently controlled by Atlas (not included in the present joint venture). The RIL-Atlas joint venture has the potential to become one of the largest prime acreage holders in the Marcellus Shale region. This joint venture will materially increase RILs resource base and provide an entirely new platform from which to grow its exploration and production business while simultaneously enhancing its ability to operate unconventional projects in the future. Additionally, RIL has farmed out 20% PI in the blocks Borojo North and Borojo South in Colombia; and 30% PI in block 18 and 25% PI in block 41 in Oman. The Regional Government of Kurdistan has assigned third party participating interest of 20% each in blocks Rovi and Sarta to M/s OVM; the assigned agreement is yet to be signed by RIL. RIL now has 13 blocks in its international EP portfolio including 2 in Peru, 3 in Yemen (1 producing and 2 exploratory), 2 each in Oman, Kurdistan and Colombia, 1 each in East Timor and Australia; amounting to a total acreage of over 93,500 sq. kms. Sustainability Strategy adopted/used by RIL in Global Markets Reliance has made sustainable development a cornerstone of its business strategy to achieve sustainable and profitable growth. RIL adopted principle of materiality and prioritized key issues after collective deliberation by management and key stakeholders. These issues include; Energy Security, Health Safety, Corporate Governance and Transparency, Product Responsibility, Climate Change and Waste Management. RIL sustainable development strategy draws on proven technology and risk management framework and evolves from the materiality analysis that has been performing over the years. The focus areas under sustainability development strategy include the following: Energy Security As a company RIL involved in the energy and materials value chain, so it is committed to responsible use of energy. Its systems and processes ensure optimum energy usage by continuous monitoring of all forms of energy and increasing the efficiency of operations. Growth through Innovation RIL firmly believe that growth through innovation will give a big competitive advantage and will be a key differentiator. Companies goal is to make RIL one of the most innovative companies in the world and to achieve breakthrough growth in revenues and profits by creating and implementing sustainable solutions. RIL is developing an innovative ecosystem that builds on organisational systems and processes, talent management, open innovation and world class RD facilities. Health and Safety Safety overrides all production targets this vision drives RIL to continuously look for ways to achieve zero accident at workplace. RIL vision is to develop a dedicated pool of safety professionals and lead in safety performance across its operations by focusing on process safety and behavioural safety.. Environment Protecting the environment and preserving natural resources is a high priority area. Through annual environment plan and business targets, RIL identify projects and take action to reduce water consumption and become carbon neutral and achieve maximum possible recycling and reuse of wastes. RIL set targets for key environment-related performance indicators such as material intensity, GHG emissions, air quality, water consumption, effluent discharge, waste generation and disposal, and conservation of bio-diversity. Product Responsibility For RIL, product responsibility is to offer efficient and reliable product and services with minimum environmental impact throughout the life cycle of the product from the cradle to the grave. Its product and services are designed, manufactured and delivered with principle consideration of customer safety. Social Institution Building Social welfare and community development is at the core of RIL/s Corporate Social Responsibility (CSR) philosophy. RIL strategy is to have close and continuous interaction with the people and communities around our manufacturing divisions to bring qualitative changes and support the underprivileged. Strategy Milestones Made significant investments in EP of OG to secure energy supplies Implemented systems to monitor and measure sustainability performance Introduced sustainability awareness programmes in the intranet Formed the Reliance Innovation Council Sustainability report assured by an independent assurance provider

Approaches to Manpower Planning Process in Construction

Approaches to Manpower Planning Process in Construction Introduction Man power planning is concerned with coordinating, motivating and controlling of the various activities of the people within the organisation. An effective manpower planning requires a careful assessment of the future needs of the organisation and it is a procedure used in organisation to balance future requirements for all levels of employee with the availability of such employees. Manager has to reasonably predict future events and plan out the production. The plans need to be supported by all the members of the organisation. Managers are required to estimate the business needs of the organisation and plan for the resources needed to realise the business goals. Manpower Planning Process The process of man power planning is reviewing current resources, predicting future requirements and ensuring that the demand and supply of people and skills is balanced. With understaffing, the organisation loses projects, economies of specialisation and scale and profits. Overstaffing results in losses in terms of salaries and competence. Analyse existing manpower in the Organisation Personnel planning begin with a clear understanding of the current Personnel situation in the company. An analysis of current employment categories, the number of employee currently in post, knowledge and skills available of them are important steps in the manpower planning. An assessment of the training development potential of existing employees and analysis employee turnover rate in the organisation also include the process. Forecast future requirements of manpower Forecasting is typically anticipates future staffing requirements. Strategies are formulated to not only anticipate their needs over time, but to consider optimal solutions for the long term and under challenging economic conditions. Organisations with a plan in place, and a keen understanding of their long-range objectives, may instead decide to weather the economic changes and keep trained, talented, and dedicated staff in place for the inevitable business uptrend. Job Analysis Job analysis is the process of studying and collecting information relating to the operations and responsibilities of a specific job. The immediate products of this analysis are job description and job specification. Before the recruitment takes place it is essential to determine, the duties, responsibility and requirement of a particular job and relationship with other jobs and positions within the organisational hierarchy. 3.4.0 Job evaluation Job evaluation is an attempt to determine and compare demands, which the normal performance of a particular job makes on normal workers without taking into account the individual abilities or performance of the workers concerned. The aim of job evaluation is to determine systematically a jobà ¢Ã¢â€š ¬Ã¢â€ž ¢s relative worth. It is a formal and systematic comparison of jobs to determine the worth of one job relative to another and eventually results in a wage or salary hierarchy. 3.5.0 Recruitment and Selection Employee recruitment forms a major part of an organisations overall resourcing strategies, which identify and secure people needed for the organisation to survive and succeed in the short to medium term. Recruitment and selection are usually considered as one process. Recruitment needs to be carefully planned in order to attract the right type of applicant. Ultimately, this increases the chances of making a suitable selection and appointment. Recruitment activities need to be responsive to the ever increasingly competitive market to secure suitably qualified and capable recruits at all levels. To be effective these initiatives need to include how and when to source the best recruits internally or externally. 3.6.0 Training and Development of Employee After the recruitment and selection of an employee, is to provide the employee training and development facilities. New employee usually, is not fully fit at the time of procurement some training is always essential. The organisation, along with the individual, is responsible for training for specific jobs or positions according to their level. Development can occur formally or informally, as people grow and learn to adapt by using their education and training. Training programmes will be based upon extent of diversification, expansion plans, development programmes etc. Training programmes depend upon the extent of improvement in technology and advancement to take place. It is also done to improve upon the skills, capabilities, knowledge of the workers. 4.0.0 Barriers of Manpower Planning and Practical solutions Manpower planning is a key to successful management practises, which is link to business strategies of the organisation. However, there are some problems with manpower planning both short term as well as long term. 4.1.0 Economy Downturn For example, according to various sources, in the past recent years there was a boom at UAE, more development projects, infrastructure projects and real estate project was stared. The sharp increase in construction, along with other key factors, has meant the industry was seeing a lack of skilled construction staff. The demand for certain categories of employees and skill is also influenced by changes in social structure in an economy. Firms employing in construction have greatly enhanced the worth of technicians, surveyors and engineers during the last couple of years. In contrast the present climate of economic and labour market in UAE is downturn therefore Companies operating in fields compel to reduce their workforce due to high competition and short of new construction and development projects. This type of economy changes is occurring confusion of proper manpower planning. Solution The huge boom of construction and development field in UAE now over, while the present it going to down little by little but various source of news says [TopNews Arab Emirates] it expect to recover in near future. The boom time there was shortage of skill workman like Engineers, surveyor and Technicians in the firms but now excess. In some situations even after implementing some of the above cost saving initiatives, redundancies can still become inevitable and this can pose significant challenges for an employer as many complex issues need to be addressed including legal, labour union, compensation, natural turnover of workers of the company and future economic changes of the region. The practical way to approach the current situation is to preparation of well designed profile of employees of organisation. It will help to identify employeeà ¢Ã¢â€š ¬Ã¢â€ž ¢s information not directly related to on the job skills and performance. The overall profile of the workforce generated is a vital aid to management decision making on things like redundancy. It can highlight impending problems, such as the retirement of employees, and the need for fresh recruitment training and developments. And it will help to analyse the sort of workforce envisaged at the end of the exercise, the utility of retraining, redeployment and transfers, what the appropriate recruitment levels might be. Such an analysis can be presented to senior managers so that the cost benefit of various methods of reduction can be assessed, and the time taken to meet targets established. 4.2.0 Changes in Technology Past years of time, the technology changes are more rapid and pervasive than ever before in the context of the organisation and its interface with the environment. Such changes in technology make manpower planning redundant or obsolete and ineffective. For example, Speed house group of companies [http://www.speedhouse.com/about-us.htm] well reputed House Construction Company in UAE recently utilisation of advance computer base systems to design such as current and future programme needs, home schedule and budget constructions to give facility for their customers. Utilisation of advanced technology is generally accompanied by less demand for low skilled workers and more demand for knowledgeable workers. Computerisation programs for office work and modern machinery in construction sites may reduce demand in some job categories (eg. clerks, book keepers and who had less knowledge to operate the computer prgrammes) while increasing it in another like workers with sound knowledge to opera ting modern high-tech tools and computer base programms. High technology with all its attendant benefits may compel organisations to go lean and downsize workforce suddenly. Employment planning under such situations becomes complicated. Solution Rapid changes in technology are cause serious mismatches between the jobs that are available and the number of people with the necessary skills to fill those jobs. In addition, rising levels of education have brought with them rising expectations among employees at all level. Some jobs are held by individuals who have more advanced skills or training than is needed. Sometimes the task can be done by a lower-level worker, rather than, an example is university educated employee. The manager should bring this situation to the attention that has the authority to make the necessary changes and thus relieve what seems to be a skills shortage. In addition, redesign job will help to reducing boredom and monotony, and increasing comfort, often increases productivity. As a result, positions for which skills are in short supply may not require more personnel, as more productive and skilled individuals produce more. 4.3.0 Workforce in and out fluxes within the Organisation Demands of workers are influence the internal in and out fluxes of the employee through retirement, termination, resignation, leaves and absence etc. This factors are effect how much workers will be required given work of different type of employee and the expected volume of business activity. Solution Economy downturn is occurring less demanding labour market in the region. The company might have excess workforce but still labour turnover creates unnecessary expense and reduces efficiency to the firms. When a manager identifies high turnover in a specific department, the quality of training and supervision in that department should be looked into. As a part of the human resources function, the manager would contribute to the decision on what steps should be taken to remedy the turnover situation, such as training, pay and incentive improvements, and the like. Perhaps company may have shortage of skill workers in some departments. The best practical way to approach this situation if present is to look within the organisation among its workers first. Until and unless the opening is not related to immensely diversified field of which the existing workforce might not posse requisite skills and the cost of training may be working out to be high. It is easier to go in for an internal source for recruitment. Becourse it is cost saving in many ways to utilize what is already available to the organisation and for instance are there imbalances where transferring people would avoid redundancy problems and solve recruitment one. In addition moving people between regions becomes nearly impossible when individuals canà ¢Ã¢â€š ¬Ã¢â€ž ¢t get new mortgages or sell their existing homes. Alternatives to consider include focusing on accommodation or other essential facilities what they need or new recruiting area to a reasonable commuting distance. 4.4.0 Organisational Decision and Planning Process Organisational decision and planning processes seek to address the implications that a change in one input can have on the corresponding output. The evaluation and process evaluation that comprises part of the change management approach seeks to measure and anticipate the effect strategic decisions will have on company resources and labour. For example, ready-mix concrete Supply Company in UAE expects higher demand for their products in next couple of years. Likewise, if they try to venture into other lucrative fields such as supplying precast concrete product. For instance, the effect of the economy downturn in UAE, whereby product demand in the short term were low, downsizing staffs of organisation structures were the trend. The sudden changes in market conditions will obviously affect the demand for labour in general or for particular skills. Even proposed expansion, contraction or diversifications of the organisationà ¢Ã¢â€š ¬Ã¢â€ž ¢s activities are complicating the man power pr ocess. Solution Manpower plan need to account the rest of the organisational plan, sales and production forecast and new venture to be more accurate. Estimating changes in product or service demand is basic forecasting concern, as it anticipating changes in national or regional economics. Furthermore, where plans are changed, the effect of the changes must be estimated. This may be estimated by market research, competitive analysis, trends in technological advances and so on. 5.0.0 Why should know Manpower Planning? The human resources are the most valuable asset of any organisation as they contribute to the realization of its business objectives. It is the human resources who contribute their time and expertise to the welfare of their organisation. Thus, the process of manpower planning and staffing is crucial to the business development of an organisation. The future Managers should know and follow the Manpower planning and it techniques to take the proper decision for their organisation. So then, it will ensure optimum use of available human resources and creates healthy atmosphere of encouragement and motivation in the organisation. The good manpower planning generates facilities to educate people in the organisation and opens possibility for workers for future promotions, thus providing incentive. If Manpower Planning techniques are ignored, decisions will still be taken, but without the benefit of understanding their implications. For example graduate recruitment numbers will be set in ignorance of demand, or management succession problems will develop unnoticed. It is surely better if decision makers follow this maxim in the way they make and execute resourcing plans. 6.0.0 Conclusion Employee resourcing is a wider issue than recruitment and selection. In this report is discussed the approaches to manpower planning process in construction oriented business with consist of series of activities such as determining current manpower or situation of the organisation, forecasting future demand and supply, Job analysis, Job evaluation recruitment and selection, training and development of employees in the organisation. In addition this report is explored the barriers that exist the proper manpower planning in the organisation with discussion of essential practical solutions. Discussion includes redundancy, employee training and development, proper movements of employee within the organisation that determine the extent of organisation performance, competence and ability to cope with dynamic forces of completion in business environment.

I Love Those Lips, But Those Lips Belong to Another :: Personal Narrative, essay about myself

  Ã‚  Ã‚  Ã‚   Recently I came across two arches. They were alive and in constant motion. First they told me life might get interesting. Then they showed me that life was going to get really good. Then after leaving me with an odd sense of power, they said bye, now life is sad. Its movements resembled that of a shape-shifter: causing the creation of circles, ellipses, and a mixture of feelings. These were the actions of a pair of lips belonging to a vision of beauty.    When I first saw them they were in their top form. They gave me a smile. The execution of the smile forced the bottom arch to push from the top corners upwards on to the upper arch. Consequentially, they caused my lips to do the same. The intensity was light but was still able to cause the words "nice to meet you" to float into my mind and back into hers. The smile, though light, wasn't like the ones that are often in response to a frivolous or corny joke, accompanied by a lack of energy. It was a creation of a divine entity: maybe God, maybe a god, or maybe a master painter. They were almost frozen together, the lower mimicking the slow rise of the upper one, gaining strength from the power of my stare. The smile became larger. Was I the only one who noticed?    It was musical and soothing. The smile was her rhythmic way of singing "Smile, darn ya smile"i. There could be nothing more uplifting than Sammy Davis Jr. telling you the "...world is a great world after all..." with his foot tapping action in the background. I guess she did not mean this world because her smile was causing my temporary lapse into another. This was how she planned to make my "...life worth while." She, like Sammy, knew that there was a great attachment between the smile and joy. That smile was going to tell the world that nothing could hold you back, the world would halt just to admire the stride of confidence. That smile knew a lot. It was able to impart a wonderful concept without any words or any movements. Now rich with new knowledge I realized that she could have given me no greater gift.    I was amazed by the dynamic evolution of the arches in what seemed to be hours.

Doctor Zhivago Essay -- Doctor Zhivago Essays

Doctor Zhivago    Boris Pasternak's Nobel Prize winning novel, Doctor Zhivago, is exceedingly successful due to its strong characterization and profound believability. The historical period matches flawlessly with the serious mood evident throughout Pasternak's work. The tone of this novel bleeds into the style and flow of Doctor Zhivago. Exceptional development of these traits makes Zhivago a triumphant effort.    The book begins with the introduction of several primary characters. Introduced as a child, Yurii A. Zhivago, lives his life in front of the reader. The long period covered gives the reader a variety of life experiences to identify with. As more of Yura's family life is revealed, a link between the story and the reader is constructed. Conversations in the story illustrate the feelings and ideals of the characters in Zhivago. One such conversation is between Nikolai Nikolaievich and Ivan Ivanovich. The two discuss philosophy, relating to their ideals and not those of the state or past theorists such as Solovi_v and Marx. The ideals expressed in this discussion are not just the characters', but an idea held by the author. Nikolaievich states "that man does not live in a state of nature but in history...It is the...exploration of death with a view to overcome it." (13) Pasternak's belief is people create to overcome their mortality; Pasternak has done so by creating Zhivago. The author lives on in the characters that he created. Through the story, different types of life are lived by the characters and the reader. Exploring the life of the rich and the poor, living while at peace and in war causes a variety of characters and emotions to be evoked. This vast array causes a few problems. The primary difficulty i... ...chnique creates a fully developed world in which the characters exist. The book opens with a funeral, that of Zhivago's mother, and it ends with a funeral for Zhivago. The story is assembled in a balanced manner. The symmetry in the novel adds another unique element to its style. The method in which Zhivago is told is at times annoying but overall it is a part of why the book as a whole succeeds.    In following the life of Zhivago, the effects of the Russian revolution on Russia's society are made evident. The strong characterization, believability, powerful imagery, and writing style all help construct a link between the story and the reader. The successful development of this bond draws the reader in the lives of the characters. This union that Pasternak creates is the basis of a universally readable novel, a union that makes Doctor Zhivago a success.    Doctor Zhivago Essay -- Doctor Zhivago Essays Doctor Zhivago    Boris Pasternak's Nobel Prize winning novel, Doctor Zhivago, is exceedingly successful due to its strong characterization and profound believability. The historical period matches flawlessly with the serious mood evident throughout Pasternak's work. The tone of this novel bleeds into the style and flow of Doctor Zhivago. Exceptional development of these traits makes Zhivago a triumphant effort.    The book begins with the introduction of several primary characters. Introduced as a child, Yurii A. Zhivago, lives his life in front of the reader. The long period covered gives the reader a variety of life experiences to identify with. As more of Yura's family life is revealed, a link between the story and the reader is constructed. Conversations in the story illustrate the feelings and ideals of the characters in Zhivago. One such conversation is between Nikolai Nikolaievich and Ivan Ivanovich. The two discuss philosophy, relating to their ideals and not those of the state or past theorists such as Solovi_v and Marx. The ideals expressed in this discussion are not just the characters', but an idea held by the author. Nikolaievich states "that man does not live in a state of nature but in history...It is the...exploration of death with a view to overcome it." (13) Pasternak's belief is people create to overcome their mortality; Pasternak has done so by creating Zhivago. The author lives on in the characters that he created. Through the story, different types of life are lived by the characters and the reader. Exploring the life of the rich and the poor, living while at peace and in war causes a variety of characters and emotions to be evoked. This vast array causes a few problems. The primary difficulty i... ...chnique creates a fully developed world in which the characters exist. The book opens with a funeral, that of Zhivago's mother, and it ends with a funeral for Zhivago. The story is assembled in a balanced manner. The symmetry in the novel adds another unique element to its style. The method in which Zhivago is told is at times annoying but overall it is a part of why the book as a whole succeeds.    In following the life of Zhivago, the effects of the Russian revolution on Russia's society are made evident. The strong characterization, believability, powerful imagery, and writing style all help construct a link between the story and the reader. The successful development of this bond draws the reader in the lives of the characters. This union that Pasternak creates is the basis of a universally readable novel, a union that makes Doctor Zhivago a success.   

Wildlife Resources: A Global Account of Economic Use Essay

Earth Wildlife Extinction Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Conservation of wildlife (wild living resources), is important for the development of any nation. The extinction of the wildlife has therefore become the agenda in American and other Nations in dealing with preservation of wildlife. For instance, all but a small handful of countries have national parks. However, the most challenges facing nations today is wildlife extinction. It is no longer about the government and other agencies deciding whether conservation is a good idea, but rather implementing those ideas for the benefit of people locally, regionally and internationally. The following part is an interview with Jean-Christophe, one of Deputy Director of Global wildlife protection Program me (IUCN’s), and who oversees many of diverse regional and global biodiversity. Interview Me:  How do you see this ‘big’ issue of extinction of wildlife? Are they endangered or critically endangered? Is the issue getting worse? Moreover, is it under control or out of control? Jean-Christophe: Despite alarming situation of wildlife extinction globally every year, it appears that the situation is almost not under control. Following report from all groups we have monitored, there is continued decline of species fast towards extinction. What is making me more worried is that the extinction is moving rapidly into list of most endangered species. CK:  I heard about your Red list rankings of the threatened Species category but did not understand how it works. Tell me how it works Jean-Christophe: Okay. Any of threatened species, are put under three categories; Vulnerable, Endangered and lastly Critically Endangered species. For instance, those found in a threatened category, it means that it went not just slow decline but through quite a serious decline. However, it less serious considered to Endangered or Critically Endangered species. On the Red List, species listed as endangered species are just like the â€Å"ice berg† but are of most conservation concern. CK:  Can, and should all species be saved from extinction? If not, which ones ‘must’ be saved? Jean-Christophe:  This is the discussion, many people would like to have in the conservation community; it is what we call triage. People think that some species are useful to people and should be saved; while others not. However, it is not so important trying to have consensus on that question than finding a proper solution to save species. Background information   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Since the beginning of the man, there has been Endangered Wildlife .Four thousand of years, the wild plants, the animals and the ocean creatures have made every inch of earth as their home. With man being exceedingly populated, has dropped the number of wildlife drastically. In the same way, many of species have become. It is notable that animals, water living creatures, and wild plants are becoming rarer in these times. For the last centuries, the extinction was at a slower rate but today, the extinction has quickly risen. Taking United States as an example, in the last 200 years, it has lost many birds as compared to other areas of its comparable size (McGavin, p.23). Causes of wildlife extinction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   According to Evers (p.4), to the question to wildlife extinction, Human beings are held responsible. Through human activities, many of the species have become extinct. The first activity, which is the major reason for extinction, is the interference of natural habitats through deforestation, creation of wetlands and draining of water marshes. In addition, it is evident that cities and towns are converting most grassland. The second major cause of extinction is commercial hunting and poaching. A poacher can be defined as the person who hunts and kills important species for profit. Often times, poachers hunt neither for legalized games nor for food.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Taking example from the current scope, Currently, Lake Malawi (Central Africa) holds over 500 cichlid fish species with 99 % of them endemic. Comparing with other regions, the lake is only one-seventh the size of great lakes in North America’s with just 173 species, less than 11% of which are endemic. In the last 20 years, Western Ecuador is said to have contained around 9,000 to 10,000 plant species, some 60 per cent of them endemic. In addition, given between 15 and 30 animal species, which present for each plant species in similar areas, it is evident that perhaps western Ecuador contained about 200,000 species around 1970.Since then, the western Ecuador forests have been destroyed to pave way for oil wells, banana plantations, and human settlements. Although is difficult to judge, the number of species in this region may have dropped with about 55,000 within the duration. Taking Pantanal in Brazil yet another example, which cont ains about 120,000 square kilometers of wetlands and classified as â€Å"international importance† by UNESCO, it greatly suffers increased earth extinction. This is from dam construction, agricultural expansion and other forms of disruptive development (Kotpal, 46). Major agencies   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   All the endangered species are found under the â€Å"Endangered Species Act (ESA).† The act, deals with responsibility of protection of the wildlife worldwide. One of well-known agency is â€Å"Fish and Wildlife Service (FWS).† The major function of the agency is primarily management of species found on land .Another well known agency is the â€Å"National Marine Fisheries Service (NMFS).† The agency protects and manages all the marine species in our seas and oceans. However, there is confusion existing between the two agencies when it comes to protecting species that are found in land and sea. These agencies are also found in each of the Nation worldwide. For instance, In United States, there is â€Å"National Sea Turtle Coordination(NSTC) â€Å" which deals with protection of seven sea turtle species listed as threatened species under the ESA( Kaufman,22). Action plans to save wildlife   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Currently, much is being done according to the conditions in each of the country to help save the endangered species. Considering the Zoos, found in almost all Nations, they help to governments as well as other agencies in protection and preservation of animals and environments. In addition, well remarkable action plan is reduction of deadly diseases and viruses in the wild animals .An example is the SD Zoo, which deals with Virology and Immunology deals with protection of wild animals from deadly viruses and diseases. in the world animal population .Another well known action plan was establishment of the Reproductive Physiology department in United States which deals with study of preservation, semen evaluation, embryo transfer and artificial insemination techniques .Lastly, is the Pathology department, working to determine the cause of many death in animals and action plan to prevent it (Roth,53) Red list   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Any of threatened species, are put under three categories; Vulnerable, Endangered and lastly Critically Endangered species. For instance, those found in a threatened category, it means that it went not just slow decline but through quite a serious decline. However, the rate of decline of threatened species is less serious considered to Endangered or Critically Endangered species. On the Red List, species listed as endangered species are just like the â€Å"ice berg† but are of most conservation concern. Taking red-cockaded as example, it requires the wood that is around sixty – seventy years old to make it a home. In the top of the Red list, freshwater fish species are marked as extinct or being in a state of dangerous incline of about 25% .On the list are birds, which are threatened with extinction as well. Close to the list of animals facing dangerous extinction are bears, rhinos and tigers. The extinction has I most cases being associated with habitat loss. There are 25 most endangered species found on red line, unfortunately, some of these species are already completely .As mentioned earlier, birds are the most endangered species. The following are the most endangered species in Red line top list;waiian Monk Seal, Hawaiian Crow, Kakapo Brazilian ,Merganser Sumatran and Rhinoceros Vaquita Consequences of wildlife extinction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   According to Adams (12), when any of elements is removed from a fragile ecosystem, it has long lasting and far reaching effects on biodiversity. Consider this; from the extinction of wolves, there is no check on numbers on other animals and these results to prey populations grew larger. For instance, when exploding elk populations in U.S wiped out so many riparian plants and willows, songbirds no longer had enough cover or food. This caused their extinction consequently increasing numbers of insects such as mosquito’s. On the other hand, loss of large iconic species such as like the tiger, wolf, and rhino  may make more of stimulating news, more than the extinction of mussels and moths. It is more important to note that even small species, can significantly affect the ecosystems in different ways. Conclusion   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   There is high expectation to the protection of wildlife from the action plans, agencies, and the policies in place. For instance, Wildlife crime policies have set, globally objective to the sustainable of wildlife protection and conservation. It is working hard to the spirit of Vision 2030.This is through jeopardizing the wildlife tourism industry. One of the tools that have so far proved most effective is enforcement of wildlife management law. However, more important is not to losing insight to the ultimate point view of resource management in objective of law enforcement. References Adams, William.  Against Extinction: The Story of Conservation. London: Earthscan, 2004. Internet resource Evers, David C.  A Guide to Michigan’s Endangered Wildlife. Ann Arbor: University of Michigan Press, 1992. Print. Kaufman, Les, and Kenneth Mallory.  The Last Extinction. Cambridge, Mass: MIT Press, 1993. Print Kotpal, R L.  Modern Text Book of Zoology Vertebrates: Animal Diversity-Ii. New Delhi: Global Media Publications, 2010. Internet resource. McGavin, George.  Endangered: Wildlife on the Brink of Extinction. Buffalo, N.Y: Firefly Books, 2006. Print Roth, Harald H, and Günter Merz.  Wildlife Resources: A Global Account of Economic Use. Berlin: Springer Verlag, 1996. Print. Source document

Early childhood education Essay

Describe potential negative effects of this curriculum and how it is developmentally inappropriate to literacy development. Sixty semester hours (or 90 quarter hours) of credits from an accredited college or university with six semester or nine quarter hours in courses related directly to child care and/or child development, from birth to age six; or One year (1560 clock hours) of child development experience in a nursery school, kindergarten, or licensed day care center and 30 semester hours (or 45 quarter hours) of credits from an accredited college or university with six semester or nine quarter hours in courses related directly to child care and/or child development, from birth to age six; orI will provide for you a comprehensive description of an individual who is trustworthy, ambitious and complease discuss specific values and beliefs of the teaching philosophy/http://www. scholastic. com/teachers/teaching-ideas/sharon-taylorI will provide for you a comprehensive description of an Eat in kitchen, plenty of closet space. Laundry in the building. Good schools in the area. Shopping nearby. Available now. Please call 847-991-5625 to schedule a showing. $800/month. One month security deposit required. This is a spacious, clean, and newly painted with new carpet apartment. This apartment has two bedrooms, 1 bath, separate dining room and balcony. The rent is $800 and laundry is also within the building. Please call (847)884-0544 for more information. This apartment is available as of right now. This is a spacious, clean, and newly painted with new carpet apartment. This apartment has two bedrooms, 1 bath, separate dining room and balcony. The rent is $800 and laundry is also within the building. Please call (847)884-0544 for more information. This apartment is available as of right now. This is a spacious, clean, and newly painted with new carpet apartment. This apartment has two bedrooms, 1 bath, separate dining room and balcony. The rent is $800 and laundry is also within the building. Please call (847)884-0544 for more information. This apartment is available as of right now. This is a spacious, clean, and newly painted with new carpet apartment. This apartment has two bedrooms, 1 bath, separate dining room and balcony. The rent is $800 and laundry is also within the building. Please call (847)884-0544 for more information. This apartment is available as of right now. This is a spacious, clean, and newly painted with new carpet apartment. This apartment has two bedrooms, 1 bath, separate dining room and balcony. The rent is $800 and laundry is also within the building. Please call (847)884-0544 for more information. This apartment is available as of right now. Large 2 bedroom, 1 bath apartment near Lake Cook Road and 53 expressway. Eat in kitchen, plenty of closet space. Laundry in the building. Good schools in the area. Shopping nearby. Available now. Please call 847-991-5625 to schedule a showing. $800/month. One month security deposit required. Large 2 bedroom, 1 bath apartment near Lake Cook Road and 53 expressway. Eat in kitchen, plenty of closet space. Laundry in the building. Good schools in the area. Shopping nearby. Available now. Please call 847-991-5625 to schedule a showing. $800/month. One month security deposit required. Large 2 bedroom, 1 bath apartment near Lake Cook Road and 53 expressway. Eat in kitchen, plenty of closet space. Laundry in the building. Good schools in the area. Shopping nearby. Available now. Please call 847-991-5625 to schedule a showing. $800/month. One month security deposit required. Describe potential negative effects of this curriculum and how it is developmentally inappropriate to literacy development. Sixty semester hours (or 90 quarter hours) of credits from an accredited college or university with six semester or nine quarter hours in courses related directly to child care and/or child development, from birth to age six; or One year (1560 clock hours) of child development experience in a nursery school, kindergarten, or licensed day care center and 30 semester hours (or 45 quarter hours). Of credits from an accredited college or university with six semester or nine quarter hours in courses related directly to child care and/or child development, from birth to age six; orSixty semester hours (or 90 quarter hours) of credits from an accredited college or university with six semester or nine quarter hours in courses related directly to child care and/or child development, from birth to age six;