Tuesday, January 21, 2020
The Vietnam War - The 1968 Tet Offensive :: Vietnam War Essays
The Vietnam War - The 1968 Tet Offensive For several thousand years, Vietnamese Lunar New Year has been a traditional celebration that brings the Vietnamese a sense of happiness, hope and peace. However, in recent years, It also bring back a bitter memory full of tears. It reminds them the 1968 bloodshed, a bloodiest military campaign of the Vietnam War the North Communists launched against the South. The "general offensive and general uprising" of the north marked the sharp turn of the Vietnam War. Today there have been a great number of writings about this event. However, it seems that many key facts in the Communist campaign are still misinterpreted or neglected. In the mid-80, living in Saigon after being released from the Communist "re-education camp," I read a book published in the early 1980's in America about the story of the 1968 Tet Offensive. It said that the North Vietnamese Army supreme command had imitated one of the greatest heroes of Vietnam, King Quang Trung, who won the most spectacular victory over the Chinese aggressors in the 1789 counter-attack - in planning the 1968 operations. The book quoted King Quang Trung's tactic of surprise. He let the troops celebrate the 1789 Tet Festival one day ahead so that he could launch the attacks on the first three days of the lunar new year while the Chinese troops were still feasting and not ready to organize their defense. Those who claimed the similarity between the two campaigns certainly did not know the whole truth, but jumped into conclusion with wild imagination after learning that the North Vietnamese attacking units also celebrated Tet "one day ahead" before the attacks. In fact, the Tet Offensive broke out on the Tet's Eve - in the early morning of January 30, 1968 at many cities of Central Vietnam, such as Da Nang and Qui Nhon, as well as cities in the central coastal and highland areas, that lied within the Communist 5th Military Region.. The other cities to the south that included Saigon, were attacked 24 hours later at the small hours of January 31. Thus the offensive lost its element of total surprise that every tactician has to respect. But It surprised me that some in the American media were still unaware of such tragic story. The story started some 5 months previously. On August 8, 1967, the North Vietnam government approved a lunar calendar specifically compiled for the 7th time zone that covers all Vietnam, replacing the traditional lunar calendar that had been in use in Asia for hundreds of years. That old calendar was calculated for the 8th time zone that Beijing falls
Monday, January 13, 2020
Application Architecture Essay
Strayer University: Piscataway In designing and building a payroll program for a large organization with offices spread across the country, which possesses quite a few changelings to overcome and must be done in a particular manner. Thus having the right application architecture is important where the design is concerned. Because the company has one large data center that each office connects to via a wide area network (WAN), hence the appropriate architecture for this solution would have to consist of a WAN diagram to be used in management of this project, along with system documentation, and information technology architecture documents to provide a visual representation of the network. A wide area networks (WANs) usually covers a large, physical area. And many WANs cover entire buildings, cities, states, or regions, thus the primary purpose of the WAN is to link together all the local area networks, of these other offices spread across the country. The Payroll program being used in this case study has been cent ered on having the proper application architecture that would be effective for the solution being deployed. It would take into consideration where each piece of equipment needs to be deployed and where its physical location should be sited and which is most effective for the organization. Thus an effective system would combine elements into an architecture, or design, that is flexible, cost-effective, technically sound, and able to support the information needs of the business. There would be a logical design of the payroll system into a physical structure, which would include hardware, software, network support, and processing methods. Therefore an Enterprise Resource Planning (ERP)Ã would have to be established in order to determine the strategies for using IT resources in the new payroll application. There would also be a supply chain management (SCM) and initial Cost and TCO (Total Cost of Ownership), and this will come into effect when the final design stage is completed, and where certain decisions will be made that will have a major impact on the initial costs and TCO for the payr oll system. Cost estimates should also not be overlooked when final decisions are being made. There would also be consideration for scalability in reference to the new system ability to expand, change or downsize easily to meet the changing need of a business enterprise, if the need arises in the future. Besides all of this it would be important in implementing systems that are volume-rated, such as transaction processing systems that would have more than what it was designed to handle. Below is a global payroll core application which determines the organizational structure for payroll processing. This diagram shows the hierarchy of components in the organizational structure. Some software applications will include procedures for web integration, which would require an information system with applications. Thus a Web-centric architecture would avoid many of the connectivity and compatibility problems that typically arise when it comes online and users/employees start accessing it through the web. With the new system being put into place other legacy systems may need to be integrated with the new applications. Thus the interfacing of both would have to be consistent with the requirements to analyze different types of data formats and compatibility. Those implementing the new payroll system should know if the new application eventually will replace the legacy system. Potential ethical issues that could arise in connection with the new architecture are fundamentally associated with the emerging of the development of the new system. Where the concern would be the right away that the new payroll application has on the jobs that it may affect negatively and may replace the person/employees that use to do certain aspects of the legacy system. The idea that the new system would replace humans in many jobs, within the business may result in widespread job loss. To fully grasp the issues involved with computer ethics, it is important to consider the history of the organization being discussed for deployment of this solution. References Herold, R. (2010, June 22) Introduction to computer ethics. http://www.infosectoday.com/Articles/Intro_Computer_Ethics.htm Oracle: PeopleSoft Enterprise Global Payroll (n.d) Introducing the Core Application Architecture. http://docs.oracle.com/cd/E20215_01/hr91pbr1/eng/psbooks/hgpy/chapter.htm?File=hgpy/htm/hgpy04.htm
Saturday, January 4, 2020
Comparing Political Philosophy Theories - 1095 Words
Associate Level Material Ethical Theory Comparison Chart Respond to the prompt for each of the five ethical theories listed. One section on each chart has been filled in as an example. What is good? (1ââ¬â2 sentences) Aristotle ââ¬â Virtue EthicsMill ââ¬â UtilitarianismKant ââ¬â DeontologyConsequentialismNodding ââ¬â Care Ethicswhat would you say is our principal or highest objective by nature? According to Aristotle, it is the attainment of happiness, for it is that alone that we seek for its own sake. Based on Aristotle assertion a woman bearing a child is good.For J.S. Mill, decreasing pain and increasing pleasure is good. However, not all pleasure is the same. Mill argues that intellectual pleasures are superior to bodilyâ⬠¦show more contentâ⬠¦It does not rely on religion, society or culture; it only depends on the individuals themselves. The main philosopher of Virtue Ethics is Aristotle. His theory was originally introduced in ancient Greek times. Aristotle was a great believer in virtues and the meaning of virtue to him meant being able to fulfill ones functions The utilitarianism works in determining consideration of right conduct should be useful of his consequences. This spectacle theory is basically based off the fat that is largely possible ability of balance pleasure over pain. This action should take a lot of consideration which the way we made the decision about disciplinary action on people or even animals. It was said that the actions of sacrifice and people or animals is wrong. So drawn my friend coworker on the bus and a heated argument with display that ethics.The deontology is the basis of more action duties. The principle of goodwill is what makes people act for duty, and acting for duty given them action of more value. However the action does not take into consideration theShow MoreRelatedThe Classical School And The Neoclassic1702 Words à |à 7 PagesToday s Economy as it relates to Classical and Neoclassical Thought Economic thoughts and theories are constantly evolving. One reason being is the growth and evolution of humans and systems. This constant change often brings about greater economics challenges. Thus, we can strongly contend to the fact that the state of todayââ¬â¢s economic isnââ¬â¢t as found in the 18th or 19th and so on. Moreover, economic theorists presented with these robust economic challenges often time build up on each other. ThatRead MoreThe Social Philosophies On The Race Theory And Feminism Approaches1316 Words à |à 6 PagesThis paper will address and define the social philosophies on the Race Theory and feminism approaches. These theories will be explained of how it is understood, compared and contrasted through examples of social justice, and examples of injustice. The Race theory is viewed as a self-conscious way of thinking. It is referred to as ideas of human differences beginning from ancient times to today. Racism is made up of practices and commitments deriving from racial hierarchies. However, the thoughtRead MoreEvaluating Kuhnà ´s Theory of Scientific Development Essay1545 Words à |à 7 Pagesscientific theories (Hatch, n.d.). These Scientific theories are detailed explanation of some aspect of the natural world, based on knowledge that has been repeatedly duplicated through observation and experimental procedures. The understanding or the attempt to understand the humanââ¬â¢s perspective of the world through scientific theories is the birth to the philosophy of science (Okasha, 2002). Several perspectives of scientific theories have been postulated by many on the history and philosophy of scienceRead MoreThe Soul And Consciousness Of Revolutionary Politics1482 Words à |à 6 Pages6 V Psychology of Political Duty and Freedom 7 VI Conclusion 7 VII Bibliography 8 I In this short paper I will be comparing and contrasting the political psychology of Platoââ¬â¢s Republic and Karl Marxââ¬â¢s political theory. Their concepts of group consciousness will be contrasted as well as how the nature and existence of ideology affect their theories. This will be concluded by a discussion on how the understanding of political psychology contributesRead MoreThe Social Contract : Hobbes Vs. Rousseau1457 Words à |à 6 Pagescontract and each philosopher has had there own social contract theories. Leviathan by Thomas Hobbes was the foundation for social contract theory in Western political philosophy. While The Social Contract by Jean-Jacques Rousseau was written a century later and inspired political reforms in Europe. Both Hobbes and Rousseau in their theories appeal to the social contract as being needed as a means to control man in society. However, their theories differ significantly on the basis of the state of natureRead MoreThe Purpose Of This Wor k Is To Explore Machiavelliââ¬â¢S Political1623 Words à |à 7 Pageswork is to explore Machiavelliââ¬â¢s political philosophy through the lens of discord. In terms of discord, Machiavelli presents the two main rivals, who are the nobles and the people. He sees the two different humors of the nobles and the people as the cause of discord. He observes that conflicts caused by the two diverse humors create salutary effects. His praise of tumults has inspired scholars not only to relate the notion of humors to the discussion of political freedom, but also to find the originRead MorePlato and Aristotle: a Comparison Essay1641 Words à |à 7 PagesComparing the political theories of any two great philosophers is a complex task. Plato and Aristotle are two such philosophers who had ideas of how to improve existing societies during their individual lifetimes. While both Plato and Aristotle were great thinkers, perhaps it is necessary first to examine the ideas of each before show ing how one has laid the groundwork and developed certain themes for the other. Plato is regarded by many experts as the first writer of political philosophy. Read MoreThe Utopian Views Of Plato And Platos Political State741 Words à |à 3 PagesPhilosophers are all known for questioning and exploring Ideals; taking a look at all options and what is most important. While Aristotle and Plato both take a plunge into the unknowns of a political state, Aristotle demonstrates a state for individuals, to rule as equals, contrary to Platoââ¬â¢s strict utopian structure and group over individual hierarchy view of the ideal state. Platoââ¬â¢s ideal state is strictly structured through a utopian ideal. Everything within Platoââ¬â¢s ideal state has a place andRead MorePlato and Aristotle: An Analysis1175 Words à |à 5 Pagescontrasts the theories and discussions of Plato and Aristotle regarding the best political association. Quotes from Politics and the Republic are used to support the authorââ¬â¢s thesis. Plato and Aristotle: An Analysis Determining the best form of political association was important to the ancient Greek philosophers Plato and Aristotle, and each of them expressed his opinion in important works such as the Republic and Politics. In explaining, comparing, and contrasting the political philosophiesRead MoreComparing The Political Theories Of Two Philosophers1444 Words à |à 6 Pages15 October 2014 When comparing the political theories of two renowned philosophers such as Plato and Aristotle, one must first focus on the merits of each of their own theories in depth. Plato is often considered as the first writer of political philosophy while Aristotle is considered the first political scientist. Though Aristotle was once a student of Plato, the two differ on the topic of how to best improve society for the benefit of mankind. Thus, both of their theories need to be investigated
Friday, December 27, 2019
The Legal Drinking Age Should Be Abolished - 893 Words
Legal at Eighteen Currently in the United States the legal age to drink alcohol is twenty-one years old. Before the 1980s, the legal drinking age was eighteen years old. In 1980, the drinking age was changed to twenty-one to diminish the number of traffic deaths caused by young drunk drivers. Changing the drinking age to twenty-one has not reduced drinking, it only made teens drink in unsafe and illegal environments. The drinking age should be changed to eighteen, because eighteen year olds have the right to vote, marry, buy guns, join the military, are considered adults, take away the thrill of breaking the law, and it would help the economy. In the United States at eighteen years old a citizen can vote. At eighteen a person can choose who will be president, governor, senator, and other important positions. If an eighteen year old can make the decision of who should run the country, then they can decide if they want to drink alcohol. By the age of eighteen most people are intelligent enough to comprehend politics and vote, and they should be smart enough to understand how alcohol affects a person and smart responsibly. Of an eighteen year old can vote, then they should be able to drink. At the age of eighteen a person can get married. Being married is a lifelong and life changing decision. Being married means that two people will spend the rest of their lives together and share a life together. If a person can get married at eighteen they should be able toShow MoreRelatedThe Legal Drinking Age Should Be Abolished1634 Words à |à 7 Pagestheir own legal drinking age. In 1984 the National Minimum Drinking Age act was passed and raised the drinking age in the United States to twenty-one. This law caused uproar in states that had declared the minimum drinking age to be eighteen. Alcohol consumption is a major factor in cultural and social matters and the National Minimum Drinking Age has affected everybody. This law is unjust because of many reasons. One of the most prominent reasons is that it is an ex-post facto law. The legal drinkingRead MoreMass Incarceration In Michelle Alexanders The New Jim Crow Laws1083 Words à |à 5 Pagessegregation of schools, drink ing fountains, restrooms, buses, and restaurants. In legal theory, blacks received ââ¬Å"separate but equalâ⬠treatment under the law--in actuality, public facilities were nearly always inferior to those for whites, when they existed at all. In addition, blacks were systematically denied the right to vote in most of the rural South through the selective application of literacy tests and other racially motivated criteria (PBS). Despite Jim Crow laws being abolished in 1964 when PresidentRead MoreThe Debate On The Minimum Legal Drinking Age2364 Words à |à 10 PagesThe Debate on the Minimum Legal Drinking Age There has been a debate going on about the minimum legal drinking age, or ââ¬Å"MLDAâ⬠. Some people believe it has no impact on our youth, and should thus be lowered to the standard age of adulthood, age 18. They refuse to acknowledge the true significance of this law, however, and continue to see it as a futile attempt to control the inevitable. Yet in reality, having an MLDA of 21 has many benefits, and stands for a healthier view of alcohol consumption,Read More The Drinking Age Should Be Lowered Essay2234 Words à |à 9 Pageslinked to drinking underage. The legal drinking age in many states is twenty-one years old. The purpose of this law is to keep minors out of danger: away from drunk driving, alcohol poisoning, and injuring the brain before it is fully developed. The government supports the belief that people are not ready or responsible enough for alcohol until this age. However, various professors and researchers are discovering ways to disprove this belief. T hese people think that reducing the drinking age to eighteenRead MoreThere Has Been Debate Within The Australian Government1881 Words à |à 8 Pagesof provocation should be changed or abolished. Over the years this defence has undergone changes through interpretation in cases and through legislative amendments. ââ¬Å"Provocation; a totally flawed defence that has no place in Australia criminal law irrespective of sentencing regimeâ⬠. These are the words of Andrew Hemming, a Senior Lecturer of Law within the School of Law and Justice at University of Southern Queensland. He states that provocation laws should be completely abolished throughout theRead MoreRacism By Michell Alexander s Book, The New Jim Crow Mass Incarceration1457 Words à |à 6 Pagesperson does in society. In Michell Alexanderââ¬â¢s book, ââ¬Å"The New Jim Crow Mass Incarceration in the Age of Colorblindnessâ⬠she touches on the many injustices that African Americans face in everyday life. While sh e makes good points throughout the book, there are some things that I did not completely agree with. Michelleââ¬â¢s book was published about fifty-five years after the Jim Crow laws were abolished. The Jim Crow laws segregated blacks and whites and were enforced by the state and towns. This segregationRead MoreTma03 W100 -Unlawful Conduct Essay1192 Words à |à 5 Pagesvery broad term, we may consider the term of unlawful conduct of any conduct relating to crimes but it is much broader than this, it also includes aspects of civil law. We can consider a conduct to be unlawful in many ways; this can be by underage drinking to downloading music from the internet without paying for such a song. For a conduct to be considered unlawful, it has to be approved by parliament. Without laws we cannot consider a conduct to be unlawful. Unlawful conduct is any conduct that itRead MoreThe Black Death1203 Words à |à 5 Pageswere wiped out and it is estimated that around 200 million people in Europe fell to the plague. Villages and towns began barring anyone from entering in fear of the plague and some of the rich chose to escape overseas. People began running amok, drinking and enjoying themselves as much as they could as they believed they had not long to live. Others thought that living quietly would cure them of the plague while a large amount of people believed that the world was going to end. The Crusades (a religiousRead MoreThe Legal Drinking Age Should Be Legal1956 Words à |à 8 Pagessale of all alcohol. The Prohibition lasted a total of 13 years before being abolished in 1933 since the government could not stop the entire country from buying and/or selling alcohol illegally. It seemed that the more they tried to get rid of alcohol, the more people would want it so instead of having continuous law breake rs, theyââ¬â¢d rather the people drink freely hence Prohibition ending. Drugs, on the other hand, were legal all the way up until 1914, where the Harrison Narcotics Tax Act took placeRead MorePosition Paper-Alcoholism3290 Words à |à 14 Pagestries to quit drinking but the individual s craving, or strong need or compulsion to drink, compels them to continue. This need can be as strong as the need for basic necessities of life such as food, water, and air. Physical dependence, which is the body s need for a substance, in this case alcohol, is revealed by withdrawal symptoms that consist of sweating, shakiness, nausea, and anxiety. These symptoms occur when alcohol use is abruptly halted after a period of heavy drinking. With regard to
Thursday, December 19, 2019
The Between Corporate Strategy And Finance - 831 Words
Week six continued to expand on the concept of NPV, with emphasis on financial tools such as the sensitivity analysis, break-even analysis, simulation, real options and decision trees. These tools allowed the class further insights into projectsââ¬â¢ financial status before making the final accept-reject decision. Hence, at the end of the week, students that were able to grasp the concept introduced in weekââ¬â¢s one through week five were able to apply important financial tools learned thus far to analyze projects and explain the link between corporate strategy and finance, these students were able to recap the relationships between economic rent, market prices, competitive advantages and the NPV analysis in relation to capital budgeting activities (Allen, Brealey, Myers, 2013; ââ¬Å"Overview Objectivesâ⬠, n.d.). Week seven of the course focused on how managers can successfully develop sets of tools to help decide what the adequate capital structure of their company should be. This week was very interesting because the class was able to discuss how financial markets and related institutions contributed to the overall economy of various countries. At the end of week seven, the class learned more business theories related to capital structure and the importance of financial markets and institutions to the various economies (ââ¬Å"Overview Objectivesâ⬠, n.d.). Week eight marked the final week of the course, and as stated in the syllabus the class had a final exam, this exam was to assessShow MoreRelatedCareer in Finance and Mathematics1137 Words à |à 5 PagesCareer in Finance and Mathematics An B. Nguyen Grantham University BA550, Finance October 27, 2015 Abstract There is many job opportunity for individual with the career in finance or mathematics background. According to Careers-in-Finance.com, the lowest entry level related to finance start from $35K-$50K annually in small firms and can reach as high as $260K-$390K for large firms. The income can variable depended on the level of education and experiences. Around the finance corporate, thereRead MoreBusiness Environment Past Papers1115 Words à |à 5 Pagesimportant business terms related to corporate objectives. Indicative Content 1.1.1 Define and show an understanding of the terms ââ¬Ëcorporate aimsââ¬â¢, ââ¬Ëcorporate objectivesââ¬â¢ and ââ¬Ëcorporate strategyââ¬â¢. 1.1.2 Explain how objectives and aims might change through the life of a business: survival, break-even, growth, profit maximisation, market share, diversification. 1.2 Describe the human and other resources required by a business, and relate the resources to corporate objectives. 1.2.1 Describe theRead MoreCase Study - Calpine624 Words à |à 3 PagesCalpine, How should Calpine finance its high-growth strategy? In the case in question we are dealing with a power company that is planning a growth strategy. The main focus of this paper is to choose the optimal financing. The managers Kelly and Crabtree are discussing which one of the following funding strategies that would be optimal to reach Calpineââ¬â¢s growth strategy. The 3 options are project financing, corporate financing and a hybrid of the two. Each funding strategy has its pros and cons, whichRead MoreCorporate Finance Programs1540 Words à |à 6 PagesCorporate Finance Programs Introduction In a companys operational activities, it is essential induce financial management in its organizational structure. All business operations center on the use of finances to incur profits that benefit the company employees, shareholders and their nations economic society. This context digs into the conduction of both managerial and corporate finance. The executive finance deals with managerial implication on financial techniques used alongside pecuniary decisionsRead MoreJp Morgan Background Summary1032 Words à |à 5 PagesJPMorgan Corporate Finance ââ¬â Energy Investment Banking, Houston JPMorgan Chase Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumersRead MoreMy Personal Learning Experience Of Corporate Finance And Investments Module Essay1202 Words à |à 5 PagesThe following self-assessment essay will be a brief analysis of my personal learning experience of Corporate Finance and Investments module, and a brief description of my development planning. This essay includes four paths, therefore, I shall explain my motivation of studying particularly this module, my strengths and weaknesses, critical and analytical learning, as well as my future career expectations. 1.1 Motivation As stated by the business dictionary, ââ¬Ëââ¬â¢Motivation is leaded by internal andRead Morecase study Essay774 Words à |à 4 Pagessubsidiary banking group. What are the linkages between the two organizations? Answer: Question 2: Conduct an external analysis of general environment, industry and competitive conditions to identify Allyââ¬â¢s marketplace advantage and disadvantage. What competitor intelligence has the greatest strategic implications for the company? Answer: The Allyââ¬â¢s marketplace advantage: Ally bank providing the low cost funding source and automotive finance and mortgage loan operation with a stable. AllRead MoreThe Importance Of Corporate Finance For Managers1353 Words à |à 6 Pagesapparel company and possibly invest through the company she is seeking advice from. Importance of Corporate Finance for Managers Firms entrust managers to make decisions that will secure the companyââ¬â¢s future by maximizing profits and ensure customer satisfaction. Corporate finance is important to mangers due to the opportunities and risk it represents for them as professionals. Corporate finance provides managers with the skills and information necessary to add value to their firm (Brigham andRead MoreEssay about Business-Level and Corporate-Level Strategy1104 Words à |à 5 PagesIntroduction Knowing your business-level and corporate-level strategy can maximize the life of your organization. The business-level strategy focus on creating a value offering that is appealing to consumers while also being cost-effective. The business-level strategies determine who they will serve, what product or service will meet the needs of their targeted customers, and how they will keep their customers satisfied (Harvard, 2012). Corporate-level strategies help drive an organization and help determineRead MoreHalifax - Performance of Branch 54461675 Words à |à 7 PagesMarkets, Finance and Accounting, and Information, which are associated with the Halifaxââ¬â¢s Balanced Scorecard quadrants and theory ââ¬ËZââ¬â¢. The main concerns were HR management and Information flow, although all perspectives had areas to improve. It was concluded that working with the current manager, building on his experience should improve the branches performance and build it to excel. Primary recommendations were to give the branch manager formal training and to link the BSC to corporate strategy
Wednesday, December 11, 2019
Business Economics Demand Pull and Cost-Push
Question: Describe about the Business Economics for Demand Pull and Cost-Push. Answer: (a) If the wages of cleaners is increased in a burger shop, the supply of burgers will be reduced due to increase in the cost of production. Figure 1: Decrease in Supply (Source: Created by Author) The graph shows that supply from S to S2 that in turn leads to excess demand at the old equilibrium cost P (Canto, Joines and Laffer 2014). (b) Since burger is considered as a normal good and as a result, with the fall in income the demand for burger will decrease. Most of the goods that we usually purchase are considered as normal goods. They are also considered as a superior commodity (Atkinson and Stiglitz 2015). Figure 2: Normal Good (Source: Created by Author) A single seller who sells a unique good in the market characterizes a monopoly market structure. The seller does not face any competition in the monopoly market, as he is the single owner of commodities with no close substitutes. On the other hand, an industry is a natural monopoly when a single firm can supply a commodity to a complete market at a subordinate cost (Askar 2013). Figure 3: Monopoly (Source: Created by Author) The above graph shows that more quantity Q2 can be sold at a lower price P2. The slope of the AR curve is downward sloping under monopoly that in turn implies that if the monopolist sets the high prices, the demand will decrease. Under the monopoly market structure, there is bound to be interaction between the forces of demand and supply (Anton and Biglaiser 2013). Under perfect competition price is equivalent to marginal cost at the equilibrium output. However, under monopoly the price is larger than average cost. When the Reserve Bank of Australia intervenes in the foreign exchange market, it generates demand as well as supply for the Australian dollar by purchasing or selling Australian dollars against a different currency. In the exchange market of the Australian dollar, the RBA always conducts its interference due to the fact that liquidity and earnings are utmost in that market. Most of the transaction of the foreign exchange intervention of the RBA takes place in the spot market. Traditionally, the Reserve Bank of Australia has usually chosen to intervene by performing in the foreign exchange market in its own name (Benes et al. 2015). The benefits to Australia of the appreciation of the Australian dollar are as follows: With the appreciation of the Australian dollar, Australian exports are bound to become more costly. The imports into Australia will become reasonable and as a result, there will be increase in demand for imports. This has the probability to worsen the current account deficit (Garton, Gaudry and Wilcox 2012). The preferential trade agreement that Australia shares with China mainly includes a currency deal. This in turn allows the Australian dollar to trade directly against the currency of China. China has also allowed RMB to be traded against the AUS dollar directly. As a result, if the foreign investors become optimistic about China, it would lead to an increase in the demand for RMB. The economic interaction between Australia and China is likely to provide a wider implication for the Asia-Pacific area both in terms of state capital flows as well as in terms of financial security (Bowman, Gilligan and OBrien 2015). The percentage change in the value of the Wholesale Price Index on a yearly basis is termed as inflation. It efficiently measures the change in the prices of a basket of commodities and services in a year. The imbalance between demand and supply of money as well as changes in the cost of production and distribution leads to inflation (Bresciani-Turroni 2013). The major cause of inflation is merely the growth in the quantity of money. The level of prices and the value of money also lead to inflation. There are mainly two types of inflation that includes demand-pull inflation and cost-push inflation. Figure 4: Demand-pull inflation (Source: Created by Author) Demand-pull inflation takes place when aggregate demand for commodities and services in an economy increases more rapidly as compared to the productive capacity of the economy (Addison and Burton 2013). Figure 5: Cost-push inflation (Source: Created by Author) On the other hand, cost-push inflation takes place when prices of production procedure inputs rise. Increasing wages are also a major factor that leads to cost-push inflation as wages are considered the most imperative cost for firms. The two economic policies that the government could apply to reduce inflation are as follows: Fiscal Policy: The government can raise taxes as well as cut spending. These in turn improves the budget circumstances as well as help to reduce demand in the economy (Auerbach and Gorodnichenko 2012). 2. Monetary Policy: The rate of interest could be increased by the Central Bank that will in turn make borrowings more costly and saving more attractive. The quantity theory of money states that the wide-ranging level of prices of goods and services is directly comparative to the amount of money in circulation or money supply. It mostly states that there is a direct relationship between the quantity of money in an economy as well as the level of prices of commodities and services sold (Su et al. 2016). According to Quantity Theory of Money, if the amount of money doubles in an economy, the level of price also doubles. According to the economists, a rapid increase in the money supply leads to a rapid rise in inflation. Money growth that exceeds the expansion of economic output results in inflation. If the makers of the monetary policy decrease the supply of money, the rate of interest will get increased. If the rate of interest are determined by free economy it becomes more attractive in order to deposit funds as well as to diminish borrowing from the Central Bank. One of the rate of interest that is advertised in the free economy is the coupon rate. As per the economists, competitive markets allocate resources efficiently. According to the economists, efficient allocation of resources takes place when individuals are able to choose the commodities and services that they desire. Resources are being allocated effectively mostly when they are being used to manufacture the appropriate amount of goods as well as services that is desired mostly by the customers. Allocative efficiency requires that an individual produces each commodity up to the point where the advantage it conveys to the society. According to the economists, an efficient allocation of resources is the combination of distribution of inputs as well as outputs such that any alter in the economy that makes an individual better off. Efficiency is also obtained when there is efficiency in the production. In other words, the manufacturing of the largest value of commodities as well as services with available resources. It also takes when all mutual benefits gained from busin ess are exhausted (Rancire and Tornell 2016). The non-price determinants of demand are as follows: Branding: Sellers make use of advertising, product quality, and customer service as well as product differentiation. That in turn leads to strong brand images and as a result, the purchasers have a strong preference for their commodities. Hence, the demand curve shifts towards the right as the demand for products increases. Market Size: With the rapid expansion of the market, the demand of the customers for the goods is likely to increase (Verheyen 2015). Complementary goods: The demand for a commodity is influenced by the change in the price of the product. As a result, the demand for movies is likely to get impacted by the price of popcorn in the movie theatre. Similarly, the demand for movies in the particular theatre is also likely to get influenced due to the price of nearby parking. Available Income: If the amount of income of the purchasers alters, the propensity to purchase will also change. Thus, irrespective of price, if there is an economic boom, an individual is more likely to purchase. Seasonality: The requirements for commodities alter by time of year. As a result, there is a powerful demand for grass mowers in the spring, but not in the fall. Future Expectation: The purchasers are likely to purchase more commodities in the future, if they expect that the price is likely to increase in the future. The value of money is determined by the supply of money as well as demand for money that is similar to that of the price of a commodity. Quantity Theory of Money states that the general level of price (P) is directly relied on the supply of money (M). In other words, if M doubles, P will also double. On the other hand, if M is diminished, P will also diminish by the similar quantity (Cline 2015). The growth of the money supply determines the inflation rate. According to Quantity Theory of Money, if the amount of money doubles in an economy, the level of price also doubles. This in turn leads to inflation in the economy. As inflation increases, the value of money diminishes. References Addison, J.T. and Burton, J., 2013. The demise of demand-pull and costpush in inflation theory.PSL Quarterly Review,33(133). Anton, J.J. and Biglaiser, G., 2013. Quality, upgrades and equilibrium in a dynamic monopoly market.Journal of Economic Theory,148(3), pp.1179-1212. Askar, S.S., 2013. On complex dynamics of monopoly market.Economic Modelling,31, pp.586-589. Atkinson, A.B. and Stiglitz, J.E., 2015.Lectures on public economics. Princeton University Press. Auerbach, A.J. and Gorodnichenko, Y., 2012. Measuring the output responses to fiscal policy.American Economic Journal: Economic Policy,4(2), pp.1-27. Benes, J., Berg, A., Portillo, R.A. and Vavra, D., 2015. Modeling sterilized interventions and balance sheet effects of monetary policy in a New-Keynesian framework.Open Economies Review,26(1), pp.81-108. Bowman, M., Gilligan, G. and OBrien, J., 2015. The China-Australia Free Trade Agreement and the Growing Acceptance of Chinese State Capital Investment.Asian Journal of Public Affairs,8(1), pp.03-24. Bresciani-Turroni, C., 2013.The Economics of Inflation: A study of currency depreciation in post-war Germany, 1914-1923. Routledge. Canto, V.A., Joines, D.H. and Laffer, A.B., 2014.Foundations of supply-side economics: Theory and evidence. Academic Press. Cline, W.R., 2015. Quantity Theory of Money Redux? Will Inflation Be the Legacy of Quantitative Easing?.National Institute Economic Review,234(1), pp.R15-R26. Garton, P., Gaudry, D. and Wilcox, R., 2012. Understanding the appreciation of the Australian dollar and its policy implications.Economic Round-up, (2), p.39. Rancire, R. and Tornell, A., 2016. Financial Liberalization, Debt Mismatch, Allocative Efficiency, and Growth.American Economic Journal: Macroeconomics,8(2), pp.1-44. Su, C.W., Fan, J.J., Chang, H.L. and Li, X.L., 2016. Is there Causal Relationship between Money Supply Growth and Inflation in China? Evidence from Quantity Theory of Money.Review of Development Economics. Verheyen, F., 2015. The role of non-price determinants for export demand.International Economics and Economic Policy,12(1), pp.107-125.
Tuesday, December 3, 2019
Thomas Merton And Mahatma Gandhi Essays - Gandhism, Pacifism
Thomas Merton and Mahatma Gandhi Thomas Merton and Mahatma Gandhi both speak of God in a personal way. They both speak of God as truth. Famous Thomas Merton, Trappist American monk, was a traditional Christian. Born in France in 1915 and died in Asia in 1968 Merton was greatly influenced by the complexities of the twentieth century. His writings served as a personal may in his search for God.. He pursued the ascending path towards the eternal kingdom of truth, towards heaven, while leaving the world of shadowy existence behind. Truth would be a passion of his life. He also took it upon himself to speak on behalf of the disenfranchised of the word. Thomas Merton was a dynamic, modern man who committed himself to a lifelong search for a meaningful and authentic way of life. He had only one desire and that was the desire for solitude-to disappear into God, to be submerged in his peace, to be lost in the secret of his face. This singular passion and boundless energy led him to combine in one life a unique variety of roles, prolific spiritual writer and poet, monk and hermit, social activist, all while living at the Trappist monastery in Gethsemani, Kentucky. Merton, a monk under a vow of silence, found fame by not seeking it, by speaking the truth. Much can be said with the praise "the truth will set your free" Merton provided a path that is still setting people free. Freedom from silence. Many feel that a monastery is a sanctuary to escape from the realities of the real world. Merton saw it as helping rescue the world from the new dark ages. "In the night of our technological barbarism, monks must be as trees which exist silently in the dark and by their vital presence purify the air." Some believe Merton's world was the monastery grounds, the whole world was. He believed that all men and women are to be seen and treated as Christ. Failure to do this, involves condemnation for disloyalty to the most fundamental of revealed truths. Encounters with Christ must be followed by the encounters and both must be experienced with the same love. It's a love that frees, not a love that wants to possess or manipulate. The great Indian teacher, Mahatma Gandhi, philosophy was very similar. Merton loved people, but he also loved nature. He told us to begin "by learning how to see and respect the visible creation which mirrors the glory and the perfection of the invisible God". Everything that surrounds us, the trees, the ocean, the waves, the sky, the sun, the birds, it is in all this that we will find our answers. God is omnipresent; we do not see this because we are not contemplative. Merton believed a Christian society is one in which men give their share of labor and intelligence and in return receive their share of the fruits of the labor, which is seen in the Kingdom of God, a society centered upon the divine truth and the divine mercy. In such a society the prophetic role of the monk would be fulfilled, in the sense that his renunciation of the right of ownership was an affirmation of God's ownership of everything and of man's right to be a possessor only in so far as he was willing to share with others what he did not need. Merton did not feel impelled to become involved in political deeds. He believed the monk's duty was to cultivate consciousness and awareness however, truth and God demanded he speak out loudly and often against all forms of war. He stated that the Vietnam war was an example of Americans seeing their country as the center of the world, imposing their will, in the name of freedom, on weaker nations that might stand in their way. It was a needless destruction of human life, a rape of a culture which could only lead to the death of the spirit of an exhausted people. He saw men striving to negotiate for peace, and failing because their fear overbalanced their true good will. "The root of all war is fear." He taught that we must fearlessly love even the men we cannot trust, for the enemy was war itself, and peace could not be brought about by hatred. "Peace does not consist in one man, one party, one nation, crushing and dominating everyone else. Peace exists where men who have the power to be enemies are, instead, friends by reason of the
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