The Determinants Of Mutual Fund Growth In Pakistan - Free Essay Example

Sample details Pages: 19 Words: 5742 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? This study is actually about the mutual fund growth and the determinants which are influencing on the growth of these funds. We ask whether the growth of funds is influences by the management fee, family proportion and the expense ratio or not. How much these variables influenced the growth of funds. Don’t waste time! Our writers will create an original "The Determinants Of Mutual Fund Growth In Pakistan" essay for you Create order We further check out the relation of the family assets and the return on the funds with the performance of the funds. Investors are paying the charges to control the funds and for the growth of the funds in the shape of management fee and the administrative charges. We study the behavior and the output of the funds from the duration of 2005-2009. We selected the funds which are listed in KSE. The funds are selected which are in the family proportions because of the nature of regression model which is used for the calculation of the effect of determinants on the growth of the funds. We use two models for the interpretation of the data. These are fixed effect model and cross section model. Through these models we elaborate the effects of different factors on the growth of these funds. We focus on the management fee for checking the efficiency of the funds management. Whether these are contributing in the growth of the funds or not, if not then these fee is only for the benefit of funds management INTRODUCTION In Pakistan the mutual fund industry handles a significant portion of the assets of individual investors. Basically there are many factors which can affects on the growth of the mutual fund. In these determinants of the mutual funds which can affect the growth of the mutual fund we are focusing on the management fee, the main focus is on the charging of the management fee and its impact on the growth. Whether it is beneficial for the growth or not? Along with this we are determining some other major determinants of which can influence on the growth of these funds in Pakistan. Compensation to managers is primarily in the form of a Management fee. With few exceptions, Management fees are charged as a percentage of the assets under management rather than on the basis of performance. It is therefore in the interest of management to grow the total assets in the fund and in the associated fund family. One tool that managers may use to grow funds is the Management fee. The fees, which are limited to1% to 3% per year as Management fee, are used to cover administrative costs. This paper studies whether or not the charging of a Management fee support the investors by growing the worth of mutual funds family along with that of some other determinants. Next we checked that the charging of Management fee leads to greater cash inflow for the funds which charge them. We focus on various mutual funds existing in the Karachi Stock Exchange and listed there, in order to control for the variety of commission payment schemes associated with management fee charging funds that are now available to shareholders and are in the group of families charging Management fee. LITERATURE REVIEW These are some of the review from the experts and the researchers. Academic opinion on mutual fund fees is generally critical. Bogle, points out that the average cost of owning mutual funds has risen over 100 percent in the last sixty years. Freeman and Brown contend mutual fund advisory fees alone are excessively high. In their view the mutual fund industry is dominated by conflicts of interest where the mutual fund boards fail to negotiate arms-length management contracts with asset managers. In their view asset managers are over compensated for the services that they provide. Similarly Ang, Chen and Lin argue that the primary benefit that managers can provide to the shareholders is the reduction of expenses. The reason is that management has more control over expenses than over any other aspect of the return to the shareholders. Therefore, if managers are not working to reduce expenses they are failing to carry out their primary duty to the shareholders. Golec found that fund managers are compensated primarily on the basis of a percentage of the assets under management. That compensation scheme provides fund managers with a strong incentive to grow fund assets regardless of the degree to which such growth is consistent with shareholder welfare. Collins, along with Livingston and ONeal (1998) and ONeal (1999) argue that some investors pay to receive professional investment advice and assistance in the purchase of mutual funds. Essentially they argue that brokers provide some combination of resolving asymmetric information for investors and providing a needed service in completing and maintaining the required records in order to complete the investing process. We closely examine the issue of whether brokers primarily resolve asymmetric information or primarily provide investors with record completion and maintenance services. One way to grow the assets is to well manage the fund by the fund management of that varies funds. Management fees provide a source of funds for controlling and managing the funds. Naim Sipra (2008) one of the interesting things to note is the low correlation between the funds and the market portfolio. In US studies the correlation between the market and mutual funds is often 0.9 or above. A high correlation with the market is an indication of a high degree of diversification. The low correlation in the Pakistani case suggests that the mutual funds are not doing a very good job of diversification. The low correlation and also the low betas are probably due to inclusion of fixed income securities such as the Term Finance Certificates (TFCs) in the portfolios of these funds. Since the composition of the funds is not publicly known therefore it is not possible to analyze this issue any further. Ali S M, Malik A S (2006) A Capital markets play a vital role in the economic development of a country. It is now widely accepted that there is a direct correlation between economic growth and the development of the fina ncial sector. Mutual funds are considered to be an important source of injecting liquidity into the capital markets. A well established financial intermediation system facilitates the economic activity by mobilizing domestic as well as foreign savings. Muhammad Akbar Saeed (2004) during the last two years, mutual fund sector has more than tripled in size to Rs. 112 billion (as of 31-Dec-04). The industry players are predicting that the business is likely to grow by 200 percent over the next five years. The success of the industry will lie in several factors, one of which will be the role of regulators and their efforts to continuously evolve the code of corporate governance for the mutual fund industry. Moeen Cheema and Sikandar A. shah (2006) Mutual funds are becoming vehicles of securities investments most favored by the general public worldwide. Whereas, this trend is more pronounced in the developed securities markets of the United States of America and Europe, mutual funds a re increasingly gaining the public attention in the developing economies as well. Pakistan is not an exception to this global trend and even though mutual funds form a comparatively small segment of the securities markets, they have grown phenomenally over the last few years. According to the Mutual Fund Association of Pakistan (MUFAP), whereas mutual funds may not shield investors from the risks associated with overall market failure, the ability to diversify that they provide may reassure public investors as regards the failure of individual companies and hence make them less wary of insider opportunism in any given corporation. We similarly consult some of the related articles for this purpose, which can be seen from the references. We also consult some of the conflicting matters with the course instructor. In summary, Management fee is basically for the controlling of the mutual funds and for the growing purpose of the funds. But is it working well for the growth of the mutua l funds which funds are being charging this fee. HYPOTHESES AND METHODOLOGY This paper studies whether the shareholders income and their wealth increase from the growth of the mutual funds through the charging of Management fees. The main focus on the Management Fee but there are some other determinants like family proportion, expense ratio, return through sharp ratio and assets turnover in that specific duration which we selected for the research purpose. There are a number of ways in which investors could enjoy by the growing of wealth from funds which charge this fee. Since the fee is used for administrative expenses. It could aid investors by making them aware of high quality managed funds that might otherwise be invisible to them. There are several possible examples of funds where this might apply. First, funds charging this management fee lead the higher total returns. Funds with greater total returns would benefit investors in that, if the superior performance was persistent, investors would have a higher terminal wealth from investing in these f unds than they would have from investing in other funds. A fee showing the existence superior total returns would be of great of interest to investors. The null hypothesis: Ho: There is no difference between the total returns of mutual funds that charge the Management fee and those that do not charge the Management fee will be tested. Second, the Management fee might be a signal to investors of a greater risk adjusted rate of return. A greater risk adjusted return would imply that investors could earn superior returns with less chance of loss with respect to other portfolios offering the same level of return. The second null hypothesis to be tested is: Ho: There is no difference in risk adjusted returns between the risk adjusted return of mutual funds that charge the Management fee and those that do not charge the Management fee. 2nd hypothesis will be tested using Sharpe Ratio. It needs to be noted that these null hypotheses could be rejected either because the funds charging the Management fee over perform or because they under perform. If there is persistent over performance, the over performance is in the interest of the investors. However, persistent under performance would mean that the fee being paid by the investors is being used to let them know that these mutual funds are not performing well that will leave the investors with less terminal wealth. Such a result would be consistent with the view that Management fees are inconsistent with shareholders income growth. Third, the funds charging the Management fee could be the funds that have lower expense ratios. The numerator of the expense ratio includes all of the operating costs of managing the fund; including the management fee and other administrative costs as well as all the expenses. It may be that after the Management fee is removed from the expense ratio the fund has lower expenses than other funds. Such a result would support the idea that the fee itself is merely a substitute for other costs and that the investor in such a fund is no worse off, and could be better off than the investor in a fund that does not have the fee. The null hypothesis to be tested is: Ho: There is no difference of the expense ratios of the funds on the growth of the mutual funds. 3rd hypothesis will be tested after subtracting the Management fee from the expense ratio. The null hypothesis could be rejected because the funds charging the fee have lower expense ratios or because the funds charging the fee have greater expense ratios. In the first case the management fee would be in the interests of shareholders and in the second case the fee would not be in the interests of shareholders. If it is found that the management fee is not supporting the growth of the mutual funds of shareholders, the other alternative is that the fee is in the favor of the fund management. It would be in the interest of fund management to charge the management fee if the existence of the fee le d to faster asset growth than could otherwise be expected. Management desires faster asset growth because of the manner in which management is compensated. Fourth, managers might be using management fees to grow funds more rapidly than they would otherwise be growing. The growth of the fund from time t to t+1 is defined as: Gi = (Assetst Assetst -1(1+R))/Assetst -1 (1)à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Equation Where Gi is the growth rate in the assets under management by fund i from time t-1 to time t. Assetst are the net assets under management at time t. Since the assets under management may grow either due to new sales or returns, equation 1 eliminates the growth that is due to returns. For all of the funds in the study, the management fee is based on the net assets under management which may provide a managerial incentive to grow the fund as rapidly as possible. Ho: The growth rate of mutual funds that charge management fee is higher as compare to the funds which are not charging the fee. We will test whether the funds that charge the fees actually are growing faster using a regression model that controls for risk adjusted return, asset turnover rate, the relative size of the mutual fund within a family of funds, the expense ratio of the fund other than the management fee and the level of the management fee. Gi = ÃŽÂ ² 0 + ÃŽÂ ² 1RARi + ÃŽÂ ² 2ATi + ÃŽÂ ² 3ASSETi + ÃŽÂ ² 4FAMPROi + ÃŽÂ ² 5ERi + ÃŽÂ ² 6FEEi + ÃŽÂ ² i à ¢Ã¢â€š ¬Ã‚ ¦2) Equation Gi is the growth due to new investment in funds i from previous year t to current year t+1. Growth is defined by equation 1. This sign (?) Measures the sensitivity of the growth rate of the mutual fund to the specified factor in each case. An expected positive sign means that the growth rate is expected to respond positively to increases in the variable. An expected negative sign means that the growth rate is expected to respond negatively to increases in the variable. T he expected sign is specified for each of the control variables. RARi is the risk adjusted returns on fund i from year t to t+1, estimated by using the Sharpe Ratio. In accordance with past findings, this control variable is hypothesized to have a positive sign and does take a positive sign. ATi is the asset turnover for fund i which is measured through the formula of Net Income divided by the Total Assets. Turnover is a measure of investing activity. The greater the turnover, the greater the cost of operating the fund. Holding all else equal, the greater the cost of operating the fund the lower the growth in the fund. This variable is hypothesized to have a negative sign and does have a negative sign. ASSETi is the total assets of fund i at time t. The larger a fund, generally, the older the fund is so that assets serve as a proxy for the age of the fund. The older a fund, the more well known the fund is to the investing public and the easier it will be to sell the fund. A ssets are expected to and do have a positive relation with growth. FAMPROi is the proportion of the mutual fund family assets made up by fund i. The larger the proportion of the family assets in the fund the slower will be the growth, as management efforts will be directed primarily at the newer, smaller funds. This variable is expected to have a negative sign and generally has a negative sign. ERi is the expense ratio of fund i , less the management fee from all the expenses. The expense ratio includes all of the costs that the management company charges to the fund including the management fee, trading costs, and any other expenses. Since the purpose of the test is to isolate the effect of the management fee, that fee is subtracted from the expense ratio. The greater the expense ratio, the lower the growth. Investors should prefer a lower cost fund to a higher cost fund. The variable generally has the expected negative sign. FEEi is the level of the Management fee. For th e vast majority of the funds in the study, this variable will be charged by 1% to 3%. It is expected that the null hypothesis will be rejected and that this variable will have a positive sign which is generally the case. The regression model (Equation 2) is estimated on an annual basis for the years 2004 through 2009 for all funds that have all required data available. Equity and fixed income funds are examined separately. A positive and significant sign on the FEE variable will lead to a rejection of the null hypothesis and will be consistent with the idea that the Management fee is used by management to increase growth in assets. There are two economic rationales that apply to the imposition of the Management fee on mutual fund investors. The first is that investors are the primary beneficiaries. The second is that fund management is the primary beneficiary of the fee. The major contribution of this paper is to determine whether the facts are more consistent with the investo rs or the managers being the beneficiaries for mutual funds. THE DATA All of the data are taken for the years 2004 through 2009. Since 2004 is the first year and lagged data is needed, the results are presented for all funds for which all data was available for 2005 through 2009. The data are summarized in the table form and data is regarding the equity funds. As far as the collection of the data is concerned so we consult many sources for the collection of the data. Mainly we collect it from KSE. From where the full data was not available and after that we consult the Business recorder, Statistical Bulletin of Pakistan [Federal Bureau of Statistics (2005)] for 2005-2009 and SBP for the collection of the financial reports and the kibor rates. The net asset values are collected from the KSE as well as from Brecorder. The data available in the form of tables and excel sheet which is attach along with this article. Mainly we collect the data of the equity mutual funds. Our focus was on most commonly known mutual funds of the Pakistan market. We selected almost 21 mutual funds from the KSE available sources but because of the running of Regression Model, for which we need only the family funds which are in the form of groups. We neglect the individual funds because of the family proportion concern. So now the data available is of 13 mutual funds which are in the form of family. From that we could generate the family proportion of the mutual funds assets. Because the amount of the data was less for five years so we take the data in the panel form representing through panel EGLS. RESULTS These are some of the results which we conclude from the help of the CROSS SECTION MODEL FIXED EFFECT MODEL. In econometrics and statistics, a fixed effects model is a statistical model that represents the observed quantities in terms of explanatory variables that are all treated as if those quantities were non-random. This is in contrast to random effects models and mixed models in which either all or some of the explanatory variables are treated as if they arise from the random causes. Often the same structure of model, which is usually a linear regression model, can be treated as any of the three types depending on the analysts viewpoint, although there may be a natural choice in any given situation. In panel data analysis, the term fixed effects estimator (also known as the within estimator) is used to refer to an estimator for the coefficients in the regression model. If we assume fixed effects, we impose time independent effects for each entity that are possibly correlate d with the regressors. The major attraction of fixed effects methods in non-experimental research is the ability to control for all stable characteristics of the individuals in the study, thereby eliminating potentially large sources of bias. Within-subject comparisons have also been popular in certain kinds of designed experiments known as changeover or crossover designs (Senn 1993). In these designs, subjects receive different treatments at different times, and a response variable is measured for each treatment. Ideally, the order in which the treatments are received is randomized. The objective of the crossover design is not primarily to reduce bias, but to reduce sampling variability and hence produce more powerful tests of hypotheses. Fixed effects methods cannot estimate coefficients for variables that have no within-subject variation Time-series cross-section (TSCS) data harness both cross-temporal and cross spatial variation to maximize empirical leverage for theory ev aluation. However, this powerful data structure also requires careful consideration of temporal and spatial (cross-unit) heterogeneity, temporal and spatial dynamic processes, and potentially complex stochastic error structures. In the table 1 which is descriptive table and that is showing the mean, median and standard deviation as well. As it is clear and shows from the descriptive table that the sharp ratio, which is basically the return calculation through the sharp measure, is the negative impact on the growth of the mutual fund. As you will increase the return on the funds or the return increases over the amount of the funds the impact of it is negative on the growth of the mutual fund. Similarly the coefficient of this sharp ratio is also negative impact on the growth of the mutual funds. Now secondly, the asset turnover showing, the mean in the descriptive table representing the negative value which means that if the asset turnover will be negative so it can reduce the gro wth of the mutual funds. Assets are in the positive form and they show that if the asset of the fund increases so it means that the impact of this on the growth of the fund is positive and it contribute in the growth of the mutual fund. The family proportion of the mutual fund should have the positive impact on the growth of the mutual fund and in the table 1 of the descriptive result, the result of this is positive so it means that the family proportion increasing in this which is the positively impacting on the growth. Expense ratio is resulting negatively on the growth of the funds, and the management fee which is the basic testing of this is also showing the negative impact on the growth of the mutual funds in Pakistan. TABLE NO. 1 Descriptive Analysis GR SR AT ASSET FP ER FEE MEAN 3.989 -1.096 -0.008 2633207 0.365 1.262 54455166 MEDIAN 0.005 -0.540 0.010 1435134 0.410 1.260 38342000 MAX. 63.590 2.290 0.450 14193216 1.000 10.900 2.49708 MIN. -27.660 -5.010 -1.070 0.00000 0.000 0.000 0.00000 STD. DEV 12.763 1.470 0.272 3060791 0.255 1.644 53774795 SKEW. 2.134 -0.946 -1.834 1.951847 0.187 4.008 1.599424 PROB. 0.000 0.004 0.000 0.0000 0.729 0.000 0.0000 SUM 259.290 -71.278 -0.525 1.71608 23.400 82.060 3.54709 OBS. 65 65 65 65 65 65 65 TABLE NO. 2 Correlation Matrix DETERMINANTS GR SR AT ASSETS FP ER FEE GR 1.000 -0.269 -0.578 -0.163 0.062 0.100 -0.146 SR -0.269 1.000 0.360 0.124 0.174 -0.186 0.132 AT -0.578 0.306 1.000 0.139 0.071 -0.403 0.125 ASSETS -0.163 0.123 0.193 1.000 0.503 0.084 0.972 FP 0.061 0.174 0.071 0.503 1.000 0.270 0.538 ER 0.100 -0.187 -0.403 0.084 0.270 1.000 0.058 FEE -0.146 0.133 0.125 0.972 0.538 0.058 1.000 Now further according to the table 3 which is Fixed Effect Model, we design a panel least squares method in this model for the calculation of the data, in that the sharp ratio is resulting in the negative form and show the result that as the return on the mutual funds increases the growth effected negatively. The coefficient of the sharp ratio is negative and the result is showing significance, which is acceptable. After that assets turnover of it is in negative figure which shows a negative impact on the growth and the prob. Is significance we are keeping the level of the significance here is 0.10. The coefficient of the family proportion is positive thats good for the growth of the mutual fund but it is not significance because the prob. is higher than the level of significance. The expense ratio is showing the negative result, which means that the increase of the expense ratio is a negative impact on the growth of t he mutual funds. Its coefficient value is negative and the value is significant according to the fixed effect model. Now comes the management fee, according to this model the management fee is resulting in the positive value for the fund, that means that the funds that using the Management fee are contributing in the better growth of the fund because the coefficient value is positive but according to this model the fee is not significant here, the result is that the funds charging the fee can make the funds growing as compare to the funds that are not charging the management fee. The factor we assume here that the management fee effect positively for the growth of the funds but because of the political instability and the country economic situation it is not resulting good in the growth of the mutual funds in Pakistan. Lastly according to this model, value of Lassets is positive and the significant level is good which shows the Lassets significant. We take the assets here despite of the assets because of the mismatch and not the proper results from the assets. So it is impacting positively on the growth of the mutual fund. If it increases the mutual fund growth will increase. TABLE NO. 3 Fixed Effect Model Dependent Variable: GR Method: Panel Least Squares Sample: 2005-2009 Total panel (unbalanced) observations: 64 Cross-sections included: 13 DETERMINANTS COEFFICIENT STD. ERROR T-STATISTICS PROB. SR -3.772 1.532 -2.462 0.018 AT -24.784 7.253 -3.417 0.001 LASSET 0.447 0.155 2.878 0.006 FP 4.932 9.653 0.512 0.612 ER -2.250 1.054 -2.135 0.038 FEE 1.637 1.427 1.144 0.258 CONSTANT -1.456 4.251 -0.343 0.734 EFFECTS SPECIFICATIONS CROSS-SECTION FIXED (DUMMY VARIABLES) PERIOD FIXED (DUMMY VARIABLES) ADJUSTIFIED R-SQUARED 0.438 MEAN.DEP BAR 4.051 S.E OF REGRESSION 9.639 S.D. DEP BAR 12.859 SUM SQUARED RESID 3810.045 SCHWARZ CRITERION 8.418 LONG LIKELIHOOD -221.580 F-STAT. 3.227 DURBINà ¢Ã¢â€š ¬Ã¢â‚¬Å"WATSON STAT 1.896 PROB F-STAT 0.000 In table 4 and 5, we use the CROSS SECTION MODEL (cross section random effects cross section weights), according to both of these methods the calculations are same, the coefficient values and the significant are same. The assets turnover is showing the negative value which shows according to it that the more assets turnover can impact the growth of the mutual funds and the value is significant in both methods as well as in the fixed effect model. The value of the sharp ratio means the return of the mutual fund is showing coefficient negative in the random effect method that means that the increase of the return value can effect the growth negatively and growth is less when this return value is high while the value is significant which means it is good for the growth of the mutual fund and same value is showing in the fixed effect method. But in the cross section weights method the value of the return is positive and it is not significant there. So it shows here a that the higher return impact the mutual fund growth positively means higher the return higher the growth of the mutual fund nut it is nit the case here. Family proportion of the mutual funds according to the both methods says that the results are showing positive relationship in the growth of the funds and the higher the family proportion. The values are significant according to the probability measures. Expense ratio according to both of these models reflects the results that expense ratio is impacting the growth of the funds negatively. Means as the ratio of the expense increase the growth is going to be less for the mutual funds. The coefficient value of the expense ratio is in negative value and the value in both the methods shows that this is significant. As far as the Management fee is concerned here so according to the both methods the management fee is impacting on the growth inversely. The coefficient value in both the cases is negative means if the management fee is charged by th e mutual fund management so the growth is less than if they dont charge the management fee. And the value is significant in both the methods. So it is clear from now that according to the Cross Section Model the impact of the management fee is negative on the growth of the mutual funds. The management who is charging the management fee their growth of the mutual funds is less and downward. TABLE NO. 4 Cross Section Weights Dependent Variable: GR Method: Panel EGLS (Cross Section Weights) Sample: 2005-2009 Total panel (unbalanced) observations: 54 Cross-sections included: 13 Linear Estimation after One-Step Weighting Matrix VARIABLE COEFFICIENT STD.ERROR T-STAT PROB SR 0.439 0.825 0.532 0.596 AT -32.916 3.815 -8.628 0.000 FP 4.404 3.353 2.506 0.016 ER -2.032 0.719 -2.825 0.006 FEE -5.297 1.997 -2.665 0.010 LASSET 0.447 0.155 2.877 0.006 WEIGHTED STATISTICS R-SQUARED 0.788 MEAN DEPENDENT VAR 7.211 ADJ. R-SQRD 0.766 S.D. DEPENDENT VAR 20.513 S.E. OF REG 9.905 SUM SQUARED RESID 4709.255 DURBIN-WATSON STAT 1.785 UN-WEIGHTED STATISTICS R-SQUARED 0.396 MEAN DEPENDENT VAR 4.801 SUM SQUARED RESID 6164.67 DURBIN-WATSON STAT 1.521 TABLE NO. 5 Cross Section Random Effect Model Dependent Variable: GR Method: Panel EGLS (Cross-Section random Weights) Sample: 2005-2009 Total panel (unbalanced) observations: 64 Cross-sections included: 13 Swamy and Arora estimator of component variances VARIABLE COEFFICIENT STD.ERROR T-STAT PROB CONSTANT 1.663 2.777 0.599 0.551 SR -1.435 0.972 -1.876 0.952 AT -29.005 5.104 -5.682 0.000 FP 13.775 6.468 2.129 0.037 ER -2.021 0.866 -2.134 0.023 FEE -3.497 2.877 -1.217 0.228 EFFECTS SPECIFICATIONS S.D RHO CROSS SECTION RANDON 3.045 0.096 IDIOSYNCRATIC 9.345 0.904 WEIGHTED STATISTICS R-SQUARED 0.432 MEAN DEPENDENT VAR 3.287 ADJ. R-SQRD 0.384 S.D. DEPENDENT VAR 12.429 S.E. OF REG 9.758 SUM SQUARED RESID 5522.350 F-STATISTICS 8.844 DURBIN-WATSON STAT 1.533 PROB (F-STAT) 0.000 UN-WEIGHTED STATISTICS R-SQUARED 0.416 MEAN DEPENDENT VAR 4.051 SUM SQUARED RESID 6076.710 DURBIN-WATSON STAT 1.432 So these are the results from the use of the two different models for the testing of the variables and the impact of the determinants on the growth of the mutual funds. As far as the results are concern so it is clear that in most on the factors like the assets turn over, expense ratio, family proportion and assets the results are same in both the methods. But the concern is from the sharp ratio means the returns on the funds is some little bit difference. According to both the methods the results are same for the return but in the cross section model in which two methods were drawn and only the sharp ratio returns are varying there. In management fee the results are totally different for both of the cases. For the confirmation of the results, all the outcomes and the results are in accordance with the study of Mr. Richard J. Dowen, Thomas Mann (2007). CONCLUSION The basic duty of the management of any firm and the company is to maximize the business and the wealth of the share holders as well as the sustainability of the owners of the company. The management of the mutual funds is charging the management fee for this purpose. The management fee according to them is for the efficient control of the management for the growth of the mutual fund. The study of this article reveals the working and the growth regarding the mutual funds family. The growth of the mutual fund which we examine here is based on the determinants which are effecting the growth of the funds family. According to the result the mutual fund growth is dependant on the negative and the positive impacts of these determinants. We work through two models for the measurement of growth which are fixed effect model and the cross section model. Let us conclude here that most of the results draw by these models is same except of some factors which are the basic theme of this study. The impact of the asset turnover, expense ratio and the return on the investment which is calculated through the sharp ratio has a negative impact on the growth of the mutual funds. It is clear that the increases in the value of these factors cause the less growth of the funds and effect downward the growth of the mutual funds. Whether the factor of the family proportion is impacting and effecting positively on the growth of the mutual funds. As the value or the ratio of the family proportion increases it shows the sign that the growth of the mutual funds increase. Now finally the impact of the mutual fund management fee towards the growth of the mutual fund that to which extent this fee contribute in the growth of the mutual fund. According to the both models, the management fee is resulting differently. In the cross section model the management fee is impacting negatively which is the constraint of this study. Management fee is charging by the funds management is contributing less in the growth. So the cross section model shows that as more and high the fee is charged by the management the less will be the growth of the mutual funds. Secondly the fixed effect model reflects the result that the management fee is contributing to the much growth of the mutual funds as promised by their management advisors. It reflect that the management who is charging the much fee showing and keeping the mutual fund firm towards the high growth of the fund. In the end, the hypothesis results are drawn which were design for the checking of the performance of the fund. As per the calculation of the results the first hypothesis is rejected because the return of the mutual funds is different for the funds that charge the fee and th at not charging the fee. So the first hypothesis is rejected. The second hypothesis is also rejected that the risk adjusted return is same for the funds that charging the fee and on the growth of the funds. Because fro the both models it is clear that the risk adjusted return calculated from the sharp ratio is effecting negatively on the growth of the funds. If return is high so the chances of the less growth is higher. If return is less so chances of the growth is much growth is higher. The third hypothesis is also rejected because the expense ratio can effect the growth of the mutual fund. If the ratio is higher so the growth will be lesser and if the ratio is less the growth of the funds will move towards upwards. According to calculations and from the results of both models, expense ratio has positive impact on the growth of the funds. Lesser the ratio higher will be growth of the mutual funds. Finally the last hypothesis, by applying two models namely cross section model and fixed effect model. As per the results of fixed effects model the value is significant which shows that the funds which charging the fee has higher growth rate and performing well. So the hypothesis will be accepted from fixed effects model. Results of the cross section model reflect that the value is insignificant and growth is effected by management fee. If the management charges fee then their growth will be effected negatively. So from cross section model hypothesis will be rejected.

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Washington organized an effective approach of gradualism among blacks but was disrupted by militant leaders like W.E.B. Dubois. After reconstruction, the hopes for full citizenship rights were broken when the government renewed white supremacist control to the South. The government adopted a laissez faire policy, and the Jim Crow laws brought social, occupation, and educational discrimination to the American Negro. In 1896, the Supreme Court’s decision in Plessy v. Ferguson strengthened the segregation of public facilities in the South. Some leaders supported violence, some urged a return to Africa, and most encouraged peaceful means to change the conditions. Some supported a fight for civil rights, especially the right to vote and others wanted blacks to become skilled workers. These two approaches are called the economic strategy and the political strategy. Washington supported the gradualist economic strategy. He wanted whites to agree to black progress in agriculture, education, and economics. He believed that African Americans should be able to have some jobs and get some education but did not believe complete equality was a practical goal. African Americans should work hard for a job, not have it handed to them. Agriculture was one of the most important aspects to his idea of racial uplift. He supported education in farming and industrial skills, crafts, and development of enterprise, patience, and thrift. He believed they would receive respect from whites and gain

Disliking Books free essay sample

â€Å"Disliking Books† is excerpted from the book â€Å"Beyond the Culture Wars: How Teaching the Conflicts Can Revitalize American Education† published in 1993. Graff wrote this article to make teachers aware of the difficult experience of growing up from a non-bookish person, even afraid of serious literary to an intellectual person. The article encourages teachers help students read critics. Students can benefit from critics become literary people and enjoy reading literature. Gerald Graff came from a Jewish middle-class family. His father was an intellectual person. Mr. Graff was disappointed because his son didn’t read literature. Graff knows what it is like to not understand literary works. While most people think reading comments from critics will contaminate the article because students may read with prejudice and not be able to think about article itself. In his article â€Å"Disliking Books†, Gerald Graff argues that reading critics will help shape their mind to a literary sensibility. We will write a custom essay sample on Disliking Books or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In Graff’s personal experience, critics didn’t ruin the excitement of literature. Instead, critics inspired him to think more deeply about the book and relate it to modern life. In college, he fought for his degree and read some books. Deep-down he felt these books were boring and tasteless. Gerald Graff had no interest in serious books before he got to college. But everything changed. When he read â€Å"The Adventure of Huckleberry Finn† by Mark Twain and the critics’ debate about the end of the novel, his interest was awakened, he reread this novel with surprise and passion. One of the critics implied Twain was cheating at the end of book. Graff thought cheating was a thing that usually happened to students; he never thought a famous author would make a mistake that even undergraduate students could demonstrate. Through this experience, he found the critics’ debate at the end novel was quite interesting. He became one of the critics, attended debate. His interest was aroused: catch literature â€Å"bug†. In this article, Graff claims that critics for him, are a necessary part of the path in beginning an intellectual person. If he did not read and participate in critics’ debate, his vocation would not be found. Critics helped sprout his interest in serious literature. He was a nonintellectual person who feared literature and even resisted talking like an intellectual. For him it was hard to find resonance in reading. Before he read and participate critics’ debate, he thought the story happened so long ago; it had nothing to do with him. For him, the story was â€Å"dead†. But the debate he made was like having a conversation with author and made story alive; so when the story happened didn’t matter anymore. Reading critics made him feel enthusiasm about books. He read books with passion and expectation. Graff insists that compared with just thinking about the reading. To read well, one must able to talk well about what you read; to talk well, you must learn literary language and ongoing critical debates, to read well and talk well about books can help you be an intellectual person. Instead of stumbling blocks, critics are stepping stones to help you become an intellectual person.

Socrates Was A Great Philosopher Who Lived In Greece. Socrates Was The

Socrates was a great philosopher who lived in Greece. Socrates was the first of, the great trio of ancient Greece Socrates, Plato, and Aristotle, (Encyclopedia Britannica, volume 27). Socrates was born in Athens, Greece in about 470 BC. His father was Sophroniscus, a sculptor, and his mother was Phaenarete. Socrates followed in his fathers footsteps for a while as a sculptor. He designed a statue group of the three graces, which stood at the entrance to the Acropolis until the second century AD. Socrates had a fairly bad appearance. He was stout and not very tall, with prominent eyes, a snub nose, broad nostrils, and a wide mouth (Moulton, Ancient Greece and Rome). Socrates was married late in life to Xanthippe. He had three sons Lamprocles, Sophroniscus, and Menexenus. During the Peloponesian war against Sparta, Socrates bravely served as a hoplite (a heavily armed infantry soldier). He fought in the battles of Potidaea (432-430 BC) where he saved the life of Alcibiades, the battle of Delium (424 BC), and the battle of Amphipolis (422 BC). Socrates liked to argue and debate anything with anyone. He spent most of his time in public places, like the marketplace, arguing with anyone that listened. He enjoyed life immensely and achieved social popularity because of his ready wit and a keen sense of humor that was completely devoid of satire or cynicism (Encarta Encyclopedia 1999). Socrates did not write any books nor did he establish any schools of philosophy. He criticized Athenian education and the teaching ways of the Sophists. Sophists taught things by having the students memorize facts. Socrates thought that if a student asked questions then they would learn better. Socrates did not want to be called a Sophist; instead he was called a philosopher. The basis of his teaching was the concepts of justice, love, and virtue. He believed that no person is willingly bad and that virtue is knowledge and those who know the right will act rightly. This type of thinking was called the Socratic method. One of Socrates pupils was Plato, who in turn taught Aristotle. Through the writings of these philosophers, Socrates profoundly affected the entire subsequent course of Western speculative thought (Encarta 99). Socrates also taught Anisthenes, who founded the Cynic school of philosophy, and Aristippus who founded the Cyrenaic school of hedonism. Socrates criticized democracy. He thought that it wasnt smart to elect unskilled people as rulers. After all, we do not elect doctors or ship pilots why should we elect rulers? he said. Socrates drew crowds when he mocked the government. Through his teaching and actions he made many enemies in the government. Socrates was arrested in 399 BC for impiety. At his trial the prosecutor Meletus said he was neglecting the gods of the state and introducing new ones (this was because Socrates believed in a mystical inner voice called the daemonion), and corrupting the morals of the young, leading them away from the principals of democracy. Socrates was convicted by a vote of 280 to 220, and Meletus asked for the death penalty, and the jury concurred by a small margin. Socrates, according to Athenian legal practice, was supposed to make a counter-proposition, which he did only for forms sake. He suggested a fine of one mina but raised it to thirty because his friends told him to. This further angered the jury, which voted to sentence him to death by an even wider margin. The customary procedure of execution was to drink a poison made from the bark of the hemlock tree. This was supposed to be done within 24 hours but there was an unexpected delay of a month. During his prison stay his friends frequently visited Socrates. One friend, Crito, proposed an escape plan, but Socrates refused. He decided that the verdict had been given fairly and he would go through with the sentence. Socrates drank the hemlock and died in 399 BC. Socrates still influences the way we think today. Socrates thought that to be really happy, people had to find perfection in their souls, and the better that their souls were then the happier they were. He also thought that people should think about what they think about and why. Many of

The Choice by Nicholas Sparks Book Review

The Choice by Nicholas Sparks Book Review This love story from  Nicholas Sparks follows his usual easy-to-read, entertaining style, with a  Ã¢â‚¬â€¹plot that culminates in a poignant ending, producing real emotion from the reader. The lovers, Gabby and Travis, seem to be cross purposes. Even their dogs seem to be at odds, especially when her dog becomes pregnant. What choices will be made? Too Much Prologue and Epilogue? A major criticism of the novel has been Sparks use of a prologue and epilogue, each of which is in the present, 11 years after the main action. The criticism is not valid, for the prologue creates a sense of impending but unnamed doom that heightens dramatic tension in the novel. Hints are dropped. He brings flowers to his wife of 11 years at her workplace because theyd had an argument three months ago, the last time they had spoken and shared the same bed. As a child, Travis asked his father to tell him stories with a surprise ending because these were the best ones. The story then moves to when they met 11 years earlier. Travis is a single and unattached veterinarian, his life filled with friends and fun. Shes in a long-term relationship. In fact, she has moved to Beaufort, North Carolina to be near her boyfriend. Her dog brings them together. In just a few days, Gabby and Travis fall in love. She resists with all her might, but the inexorable flow of the ocean is working against her. Shortly after meeting her, Travis knew that the solitary journey hed been on for years had somehow reached its end. Both know  snap decisions  can be made, can be exactly right, and powerfully enduring. The Twist Sparks said at a reading that he always knows the twist, the surprise which ends his novels  when he begins writing. This twist will, compared to his other emotionally charged novels, unleash a torrent of tears, Niagara Falls on steroids. But, the emotion will be emotionally cleansing for it involves a choice each of us is likely to face one day. How do we meet the curveball life throws us from time to time? What choice will Travis make? This is the stuff of serious romance novels. Perhaps the most prescient comment is by a  woman at a reading who noted, Life gets turned around by someone, a catalyst, who  melts  the other persons wall. That is true here, but the catalyst is a bit surprising, even for Sparks. Why Are Sparks Novels so Popular? Readers appreciate that Sparks always provides a good story. It has a message and it flows. He seems to understand women. There is always a clear theme, but it isnt written to formula. The Movie The Choice was made adapted as a feature movie in 2016, starring Benjamin Walker as Travis and Teresa Palmer as Gabby, with Maggie Grace and Tom Welling as their other love interests and Tom Wilkinson as Travis father. It received a very poor rating on Rotten Tomatoes.

OMAM vs. La Strada Comparison Paper Essays

OMAM vs. La Strada Comparison Paper Essays OMAM vs. La Strada Comparison Paper Paper OMAM vs. La Strada Comparison Paper Paper Essay Topic: Black Dog of Fate Of Mice and Men and La Strata By comparing Of Mice and Men and La Strata, they both come together to a similar point. Innocent figures are usually represented by nature while the opposite is described with a condescending connotation. Weapons are used to harm things and are able to assert dominance. When asserting dominance, one might say that the dominant being is a male showing masculinity while the one being dominated is classified as being a female showing feminism. When these two archetypes conjoin, it an be analyzed as innocence is inferior to weapons as weapons can disrupt a balance of nature, which can translate to how weapons and their users are more masculine to innocent figures which can lead to their ultimate doom. Steinbeck and Felling show a common interest in innocent figures and weapons due to the presence of both in their literary work. In Of Mice and Men, Leonie is portrayed as an innocent figure. He is described in a simplistic way and with nature and animal terms. As Leonie is being described in the beginning of the novel, his walking is described as the way a bear drags his saws (Steinbeck 2). Although the bear is known to be scary and dangerous, it can also be a lovable, stuffed teddy bear that a young child would want to play with. On that notation, Leonie is classified as a harmless, lovable man who is dumbstruck and has no intention on harming anybody. However, Liens friend, George, is described with the opposite of what Leonie was. He is classified as a man that was small and quick, dark of face (Steinbeck 2). Dark symbolizes evil or bad. So as Leonie is enjoying life, George will indeed know how to mess things up. Steinbeck makes the readers feel affection towards Leonie as he stumbles on throughout the novel. He is also recognized as being child-like. George describes Leonie as either a domesticated dog or a young male child when he says, Good boy! Thats fine Leonie! (Steinbeck 15). Being child-like creates a hidden definition of being dumbfounded and not knowing whats better or worse. Liens strength can get the best of him as he doesnt know that he has so much of it. When he murders Curlers wife, he only thought that he had hushed her but accidentally killed the woman. This pertains to the idea that Leonie is a child that doesnt know what hes doing and is portrayed as innocent but can possibly lead to his tragic fate. Riding along with Sampans, Slaloming is often identified as an innocent figure. She doesnt do anything bad or harmful to anyone. She is looked down upon all other people, thinking that she is a reckless child. Like in Of Mice and Men, a child is known to be a bit of a hassle and always getting into trouble. Although, what Slaloming gets in trouble for is the opposite of what normal people get in trouble for. Sampans knishes her for not obeying his orders to steal from the nunnery. This is known to be an innocent figure if one does the right thing but can easily backfire as it will be contrasted with black in the background or around her while she is wearing white. White symbolizes purity, softness, and innocence, thus creating another reason as to why Slaloming is an innocent figure. Her hair is lighter than everybody else in the film which also creates the contrast and the innocence. However, Sampans is always wearing black or dealt with black around him which makes him a threat to Slaloming. Moreover, Gloamings whiteness will soon be struck by Campaigns blackness. In Of Mice and Men and La Strata, Leonie and Slaloming are parallel characters that are classified as innocent figures. George speaks out to Leonie as if he was a small child and Sampans treats Slaloming like a child that is out of line. Leonie and Slaloming both act like they could be five years old and readers wouldnt know the difference. They both act like they dont know any better and think everything is all fine and dandy. Their partners are similarly the exact opposites of Leonie and Slaloming. Both of them can be recognized as two individuals that involve nature and light, which can be analyzed to become a symbol of innocence. Moreover, George and Sampans drastically contrast with the innocent figures as they are portrayed as evil and bad. George was described with a dark face and Sampans was always dressed in black or shot in front of a black background. George and Sampans are identified as threats towards Leonie and Slaloming as they are the opposites of them. Weapons are used to keep Leonie from doing anything bad. George uses the gun o show his masculinity and uses it to kill Leonie. George asserts his dominance when, the muzzle of it close to the back of Liens head. The hand shook violently, but his face set and his hand steadied. He pulled the trigger. (Steinbeck 106). Before this had happened, Leonie stole the gun and ran off so he wouldnt be harmed. This foreshadows as to how Leonie dies in the end and is ironic because he thought he wouldnt be harmed by the gun but he was killed by the gun without him even knowing it. Male dominance is used to impress other males as it was in the wild. George kills Leonie because he wants to get rid of useless things and to impress all the guys back at the farm. Sampans uses different kinds of weapons to punish Slaloming or keep her in line. When Sampans was teaching Slaloming a circus act, she would do something wrong and Sampans would whip her with a piece of straw that came out of the fields. Although Sampans had technically paid for Slaloming, he is still asserting his dominance with the act of aggression towards her. When Slaloming disobeys Sampans as he attempts to take from the nuns, she is again beaten as an act of rebellion.

Advertising and promotion Essay Example | Topics and Well Written Essays - 1500 words

Advertising and promotion - Essay Example Different brands are differentiated by the creation of unique brand logos, brand names, brand values and brand designs as well as typefaces. The first step towards development of a brand is the assessment of the business, how it operates, and the kind of messages to be sent to the consumers. The company should work out its product competencies, assess the existing and potential customer, and find out the feeling of the customers about the brands after which the company considers the development of a new brand within its current customer perception. This is then followed by putting all elements together and creation of the brand (Clifton, 2010). A good example is Reebok from Adidas Group and Jordan Brand from Nike Inc, both which are sports wear brands. Creation of the Reebok brand was inspired by its fitness and its commitment to consumers by empowering them to be fit for life. The success of this product is based on its courage to challenge convention in innovative products developm ent and in the creation of new markets. The Reebok brand comes with different designs, color and strap lines. Despite of these different designs, the brand is highly differentiated with features which persuade customers to love it and even come more loyal to the brand. The Reebok brand and the entire Adidas Group are highly focused on the environment as part of its Corporate Social Responsibility. The company has developed an effective strategy to manage environmental impacts and risks from its brands, and this has promoted its brands value. The creation of Jordan Brand from Nike Inc was inspired by the dynamic legacy, vision and the direct involvement of Michael Jordan. The brand comprises of apparel, footwear and accessories. The creation of the brand was based on the assessment of the existing and the potential customers and the definition of the core competencies of the company. Different brand design, color, different brand names under the shelter of Jordan Brand and strap line s are parts of the Jordan Brand and its different images. The different designs of the Jordan Brand attract different consumers depending on their needs. With the use of different designs, the company is able to persuade different customers to love and like the brand and even increase brand loyalty. The brand values of Jordan Brand are indicated by its Corporate Social Responsibility towards investing in the community in sectors like creativity, sport and education. The engagement of the Jordan Brand in the community has mad the brand to remain active in the market as it has promoted the brand value. Section B: Segmentation, Targeting and Positioning Market segmentation is the process of subdividing the larger market into segments with similar wants, needs and market characteristics. It involves the identification of market portion which are distinct from each other in order to better satisfy all the needs of the consumers. Market segmentation can be achieved by dividing the market geographically, demographically, in terms of their behavior and psychology (Cant, Strydom and Jooste, 2009). Targeting is the process of selecting a certain group in the market in which the company intends to focus its advertising efforts. Targeting can also refer to a group of like minded individuals who are inclined towards similar products and who

Marketing plan Essay Example | Topics and Well Written Essays - 3500 words

Marketing plan - Essay Example With the introduction of smart phones in the market, Nokia continues to take the lead, taking about 56.4% share of the 70.9 million units shipped in Europe in 2006. Nokia sold 40 million smart phones in 2006, reaffirming the fact that the success of the brand remains unscathed (Nokia leading phone market 2007). In fact, it has taken the brand to another level by making its phones highly competitive with the introduction of the Nokia N Series, a collection of smart phones that cater mainly to consumers who have requirements for a full-featured mobile phone with personal computer-like functionalities. These smart phones offer complete phone functionalities while alternately serving as personal data assistants. This â€Å"elite† group of high-end phones has created a stir in the market that the units instantly grew in popularity within a few months after being launched early 2005. The launch of the Nokia N series in 2005 created such a huge impact that sales of these products increased significantly since its launch. As of 2006, Nokia is recognized to be the worlds’ leader in smart phones sales, contributing to 42% market share (Smart phone sales are soaring 2006). This just goes to prove that Nokia has maintained its good relationship with the market as it has continuously managed to cater to the consumers’ needs despite the existence of other Personal Data Assistant (PDA) brands such as Palm and OS, and the emergence of new ones. Nokia is still the top choice in the UK market when it comes to smart phones. Its 3G (third generation) phones continue to fly with its up-to-date features. However, with the emergence of other brands that are determined to give Nokia fierce competition brand-wise, it is a challenge for this company to come up with even more effective ways to hold the market’s attention and sustain its stature in the market.

How HIPAA Violations Affect the Medical Billing Process Essay Example for Free

How HIPAA Violations Affect the Medical Billing Process Essay When you hear HIV you always think of Aids are they the same or is there a difference. HIPAA Privacy Rule: HIPAA is a federal law that: †¢Protects the patients’ privacy with their medical records and other health information provided to health plans, hospital, doctors and all other health care providers. †¢Allows the patient access to their medical records. †¢It gives the patient rights to how their personal information is used and exposed. HIPAA has proven to be very successful in stopping discrimination against the people diagnosed with HIV and Aids by preventing anyone from knowing about their HIV and Aids status. In the year 2000 laboratories and doctors are required by law to report to their State Health Department all cases of HIV and Aids. They are reported to better measure the HIV and Aids epidemic, and how it is changing and to create programs for HIV and Aids prevention and offer medical which best serve affected people and their communities. All this information is protected by confidentiality laws. Under this law identifying information regarding who has HIV and Aids can only be used to help the State Health Department track the epidemic and for partner notification this information cannot be shared with immigration and naturalization Service (INS), police, welfare agencies, landlords, employers and insurance companies. The National Centers for Disease Control and Prevention issues guidelines influencing states to collect and report the data on HIV and Aids so they can track the epidemic on a national basis. The state health department will then remove all the personal information (name, address, etc.) from your test results and send the information to the U.S. Centers for Disease Control and Prevention (CDC). Over the next several years HIV and Aids data will become the basis for funding formulas which will allocate federal money for care treatment under The Ryan White Comprehensive AIDS Resources Emergency (CARE) Act.  This is the largest federally funded program in the United States for people living with HIV and AIDS. This act reaches hundreds of thousands of people every year with medical care, drugs, and support services. The program requires that health departments receiving money from the Ryan White program show â€Å"good faith† efforts to notify the marriage partners of a patient with HIV and AIDS. (www.Aids.gov) HIV (Human Immunodeficiency Virus) is a virus that attacks the T-cells in the immune system. This illness changes their immune system making people very vulnerable to diseases and infections. This condition worsens as it progresses corresponding to research the origins to this disease dates back to the late 19th or early 20th century in Western Central Africa. In 2008 worldwide there were †¢33.4 million People living with HIV and AIDS. †¢2.7 new HIV infections †¢2 million deaths from AIDS The disease was identified in the 1980s, and there is now known cure, but treatments and medicine can slow the course of the disease. The newest drug combination drug therapy can cost up to $20,000 in U.S. dollars a year. HIV is found in body fluids like semen and vaginal fluids, blood and breast mild. And can be passed through blood-to-blood and also sexual contact. Women can pass this to their babies through pregnancy, childbirth, and through breast milk. AIDS is (acquired immune deficiency syndrome or immunodeficiency syndrome). AIDS is the disease caused by the HIV virus AIDS is the syndrome that appear in the advance stages of HIV infection, AIDS is a medical condition derived from HIV. HIV and AIDS are the same AIDS is the outdated name and HIV is the correct name. There are three recognized ethical principles that apply to clinical and research ethics: †¢Respect refers to respecting the decisions of autonomous people and protecting the ones who lack decision making capacity and therefore are not autonomous and imposes a positive obligation to treat people with respect by keeping this information confident and keeping promises. †¢Beneficence imposes a positive obligation of the best interest of the patient. †¢Justice requires people to be treated fairly and often requires that benefits and burdens to be distributed fairly within society. Privacy is critical  when it comes to HIV and AIDS, because of the sensitivity of HIV related information most patients don’t want to share this private and personal aspect of their life because it involves their sexual behavior or substance abuse. This information can lead to stigmatization this can cause patients to worry about their privacy being protected, and they may be hesitant to see a doctor or remain in the care of a physician. It is vital to have health care providers express that they are committed to securing patient privacy. The law gives certain protection to or conditions. Electronic systems need to be able to identify and manage this data appropriately. HIV and AIDS and other sexually transmitted diseases are a whole different category with special privacy concerns. When releasing HIV and AIDS records for other purposes it is necessary to identify testing and treatment for these conditions through the use of red flags or warning messages. The electronic system simplifies exclusion or segregation of HIV test results to protect against release without patients proper consent from the patient. Preferably a system will also flag treatment of HIV and Aids when producing copies of records. EHR systems must provide mechanisms that enable facilities that extra layer of protection for this information required under 42 CFR, Part 2 requires patient consent for disclosures of protected health information even for the purpose of treatment this consent must be in writing. When a health care provider providers care to an HIV and AIDS patient they seem to be walking and ethical tightrope even when they are aware of protocol about disclosing HIV status simple assumptions and carelessness can lead to devastating consequences for the patient and also legal ramifications. There are some things a health care worker can do on their own to protect private information while at work. †¢Turn off your computer when you walk away or not in use. †¢Set your computer with passwords to get access to confidential files. †¢Use a system that will trace who accesses confidential informatio n. †¢Become familiar with the law train employees in proper disclosure protocol. †¢Never discusses a patients HIV and AIDS status. Social ramifications exist if HIV and AIDS information is announced improperly. If a patients friends discover he or she has HIV and AIDS they won’t want to be around them due to the fear of catching the disease people  will start to gossip spreading this private information destructing the life of the infected person. They will undoubtedly be treated differently. He or she could have difficulty finding employment if the employer finds out about the disease because of inappropriate disclosure of medical information. If a person is living with HIV and Aids you are protected against discrimination under Section 504 of the Rehabilitation act of 1973 and Title II of the Americans with Disabilities Act of 1990 (ADA). Under these laws, discrimination means that you are not allowed to participate in a service that is offered to others or you are denied a benefit, because of your HIV disease. ( http://aids.gov/hiv-aids-basics/just-diagnosed-with-hiv-aids/your-legal-rights/civil-rights/index.html ) HIV and AIDS in the workplace gets larger each year, because it affects people between ages 25 – 44 and they make up 50% of our 121% million workers. There are laws to protect people with HIV and AIDS in the workplace. †¢Americans with Disabilities act of 1990 (ADA) does not allow employment discrimination because of disability and covers businesses with 15 or more employees. †¢Occupational Safety and Health Administration (OSHA). Federal and state governments work with more than 100 million working men and women and 6.5 million employers. †¢The Family Medical Leave Act of 1993 (FMLA) this act to the private-sector of employers of 50 or more employees and within a 75 mile radius of their worksite. A person is entitled to a total of 12 weeks of job protected unpaid leave in a 12 month period. †¢The Health Insurance Portability and Accountability Act of 1996 (HIPAA). Addresses obstacles to healthcare you can face if you are HIV and AIDs positive. Protecting you discriminatory treatment from your insurance company, and also protects your privacy rights. †¢The Consolidated Omnibus Budget Reconciliation act of 1986 (COBRA). This law allows employees the option to keep their health insurance at their own expense after getting laid off, fired from a job. Allowing them to purchase health insurance for a period up to 36 months. HIV and AIDS not only hurt people with the disease but also their families and families. According to the International Labor Organization believes that by the year 2020 HIV and AIDS will lower the workforce by 24 million people. This will cost the workforce higher costs of medical insurance as well as work absences related to health, hiring and costs of retraining.

Studies on Adolescene of Piaget and Erikson Essay -- Compare Cognitive

Studies on Adolescene of Piaget and Erikson Adolescence is considered a difficult time of life and one in which a number of changes occur as the individual achieves a certain integration of different aspects of personality. One approach to the cognitive and emotional transitions made at different times of life is to consider how the changes in, say, adolescence are linked to a continuum of change beginning in childhood and continuing throughout life. Some theorists, such as Piaget, were interested primarily in the transitions of childhood and youth, while others, such as Erikson, saw all of life as a series of transitions and offered a continuum of stages covering all of life.   Ã‚  Ã‚  Ã‚  Ã‚  Piaget became fascinated in his early studies with his discovery that children of the same age often gave the same incorrect answers to questions, suggesting that there were consistent, qualitative differences in the nature of reasoning at different ages, not simply a quantitative increase in the amount of intelligence or knowledge. This discovery marked the beginning of Piaget's continuing effort to identify changes in the way children think; how they perceive their world in different ways at different points in development. Piaget's contributions can be summarized by grouping them into four main areas. First, he produced literature on the general stages of intellectual development from infancy through adulthood. This concern occupied him from 1925 to 1940, and after 1940 he began to describe some of the developmental stages in formal, structural terms using models from symbolic logic (Flavell, 1963, 1-9).   Ã‚  Ã‚  Ã‚  Ã‚  The different stages postulated by Piaget help to explain different rats of learning at different ages as well as the types of learning possible at different ages for the majority of the population. Learning itself is seen by Piaget as a process of discovery on the part of the individual, and learning as a formal activity becomes a system of organization by which instruction is enhanced by the way the teacher arranges experience. Learning is thus experiential, and Piaget suggests that experiences have meaning to the extent that they can be assimilated. Such assimilation does not take place without accommodation, an aspect of considerable importance from the point of view of adaptation and possible development:   Ã‚  Ã‚  Ã‚  Ã‚  One of the principal aims of the teacher wil... ...enerativity versus stagnation--the individual needs to be needed and to assist the younger members of society, and generativity is concerned with guiding the next generation. The last stage is that of ego integrity versus despair, and this is the time when the way the other conflicts were decided has an influence. If the preceding conflicts were not suitably handled, despair may result in later life (Liebert & Spiegler, 1982, 88-92).   Ã‚  Ã‚  Ã‚  Ã‚  Piaget was most interested in the learning stages for the child, while Erikson carried his stages through the life cycle. Both indicate how the stage of adolescence is part of a continuum, however, prepared for by childhood and leading to adulthood. Further research may differentiate even more divisions over the adolescent years.   Ã‚  Ã‚  Ã‚  Ã‚  References   Ã‚  Ã‚  Ã‚  Ã‚  Flavell, J.H. (1963). The developmental psychology of Jean Piaget. New York: D. Van Nostrand.   Ã‚  Ã‚  Ã‚  Ã‚  Furth, H.G. (1969). Piaget and Knowledge. Englewood Cliffs, New Jersey: Prentice-Hall.   Ã‚  Ã‚  Ã‚  Ã‚  Liebert, R. M. & M. D. Spiegler (1982). Personality: Strategies and issues. Homewood, Illinois: The Dorsey Press.   Ã‚  Ã‚  Ã‚  Ã‚  Whitbourne, S.K. & C.S. Weinstock (1986). Adult development. New York: Praeger.

Bandura’s Experiments

In the early 1960s Bandura and other researchers conducted a classic set of experiments that demonstrated the power of observational learning. In one experiment, a preschool child worked on a drawing while a television set showed an adult behaving aggressively toward a large inflated Bobo doll (a clown doll that bounces back up when knocked down). The adult pummeled the doll with a mallet, kicked it, flung it in the air, sat on it, and beat it in the face, while yelling such remarks as â€Å"Sock him in the nose †¦ Kick him †¦ Pow! † The child was then left in another room filled with interesting toys, including a Bobo doll.The experimenters observed the child through one-way glass. Compared with children who witnessed a nonviolent adult model and those not exposed to any model, children who witnessed the aggressive display were much more likely to show aggressive behaviors toward the Bobo doll, and they often imitated the model's exact behaviors and hostile words. I n a variant of the original experiment, Bandura and colleagues examined the effect of observed consequences on learning. They showed four-year-old children one of three films of an adult acting violently toward a Bobo doll.In one version of the film, the adult was praised for his or her aggressive behavior and given soda and candies. In another version, the adult was scolded, spanked, and warned not to behave that way again. In a third version, the adult was neither rewarded nor punished. After viewing the film, each child was left alone in a room that contained a Bobo doll and other toys. Many children imitated the adult’s violent behaviors, but children who saw the adult punished imitated the behaviors less often than children who saw the other films.However, when the researchers promised the children a reward if they could copy the adult’s behavior, all three groups of children showed large and equal amounts of violent behavior toward the Bobo doll. Bandura conclude d that even those children who did not see the adult model receive a reward had learned through observation, but these children (especially those who saw the model being punished) would not display what they had learned until they expected a reward for doing so.The term latent learning describes cases in which an individual learns a new behavior but does not perform this behavior until there is the possibility of obtaining a reward. B Bandura’s Theory of Imitation According to Bandura’s influential theory of imitation, also called social learning theory, four factors are necessary for a person to learn through observation and then imitate a behavior: attention, retention, reproduction, and motivation. First, the learner must pay attention to the crucial details of the model’s behavior.A young girl watching her father bake a cake will not be able to imitate this behavior successfully unless she pays attention to many important details—ingredients, quantiti es, oven temperature, baking time, and so on. The second factor is retention—the learner must be able to retain all of this information in memory until it is time to use it. If the person forgets important details, he or she will not be able to successfully imitate the behavior. Third, the learner must have the physical skills and coordination needed for reproduction of the behavior.The young girl must have enough strength and dexterity to mix the ingredients, pour the batter, and so on, in order to bake a cake on her own. Finally, the learner must have the motivation to imitate the model. That is, learners are more likely to imitate a behavior if they expect it to lead to some type of reward or reinforcement. If learners expect that imitating the behavior will not lead to reward or might lead to punishment, they are less likely to imitate the behavior.C Theory of Generalized Imitation An alternative to Bandura’s theory is the theory of generalized imitation. This theo ry states that people will imitate the behaviors of others if the situation is similar to cases in which their imitation was reinforced in the past. For example, when a young child imitates the behavior of a parent or an older sibling, this imitation is often reinforced with smiles, praise, or other forms of approval.Similarly, when children imitate the behaviors of friends, sports stars, or celebrities, this imitation may be reinforced—by the approval of their peers, if not their parents. Through the process of generalization, the child will start to imitate these models in other situations. Whereas Bandura’s theory emphasizes the imitator’s thought processes and motivation, the theory of generalized imitation relies on two basic principles of operant conditioning—reinforcement and generalization. D Factors Affecting Imitation Many factors determine whether or not a person will imitate a model.As already shown, children are more likely to imitate a model when the model’s behavior has been reinforced than when it has been punished. More important, however, are the expected consequences to the learner. A person will imitate a punished behavior if he or she thinks that imitation will produce some type of reinforcement. The characteristics of the model also influence the likelihood of imitation. Studies have shown that children are more likely to imitate adults who are pleasant and attentive to them than those who are not.In addition, children more often imitate adults who have substantial influence over their lives, such as parents and teachers, and those who seem admired and successful, such as celebrities and athletes. Both children and adults are more likely to imitate models who are similar to them in sex, age, and background. For this reason, when behavior therapists use modeling to teach new behaviors or skills, they try to use models who are similar to the learners. Microsoft ® Encarta ® Reference Library 2003.  © 1993-2002 Microsoft Corporation. All rights reserved.

A Kindly Child

Oliver, my step son, is a young, good-hearted and kind boy. I first met him in a book shop years ago where he was forced to steal a handkerchief silk from my pocket; however, he was not the one who committed the pickpocket. At first glance you can see he is small and quite slim young man. He has got an oval face with bright blue eyes and a little mouth; furthermore, he has short brown straight hair. He is quite handsome, especially when he shows her bright smile. On the other hand, when I saw him firstly he was pale and thin with an expression of sorrow in her face which has no more. The most characteristic thing about Oliver is his unprecedented kindness. Despite the fact that he has raised in corrupt surroundings, his purity and virtue are absolute. What is more, even when he is abused and manipulated, Oliver does not become angry or indignant. Oliver’s moral scruples about the holiness of property seem inborn in him. Furthermore, other pauper children use rough idioms, but Oliver, oddly enough, speaks in proper words. His grammatical meticulousness is also inexplicable, as he presumably is not well-educated. I admire Oliver because he shows people how to be a better person. Moreover, his generosity of spirit is total, and even when faced with serious maltreatment; he has never lost his sense of morality or humanity. Her hair is brown, her eyes are honey colour. Moreover, she has a small nose and a big small. Today she is wearing a brown and white sweater, blue trouser and black shoes. The first thing you notice about him, are his blue eyes, small upturned nose and large sensuous mouth, which make his face very photogenic. At first glance you can also see her short, brown hair, as well as slender body which make her look really amazing. . It is rare to cheer everybody up in different situations, yet she always manages to do it. Moreover, she is the life and soul of a party, which makes her extremely sociable. Pointing out her tendency to be incredibly precise and insistance an perfection. Some people claim she may seem quick-tempered but in reality deep down, she is really an amiable person. Public places their real â€Å"work† when Dawkins picks the pocket of a gentleman. When the gentleman, Mr. Brownlow, realizes he is being robbed, Oliver is mistaken for the pickpocket. And he is then chased, captured and taken to the police Oliver is noted for having an especially innocent looking face, Brownlow. Oliver collects his inheritance and is adopted by Brownlow Oliver’s incorruptible undermines although he is raised in corrupt surroundings, his purity and virtue are absolute. Lily really deserves admiration due to her ambition and optimism. She shows people how to be a better person. I hope our friendship will never end. Mary is as beautiful as a Hollywood star. Her thick, wavy, long black hair gracefully falls down to her shoulders and encircles her diamond-shaped face. A golden suntan usually brings out her smooth, clear complexion and high cheek bones. Her slightly arched chestnut brown eyebrows highlight her emotions by moving up and down as she reacts to her world around her. Her large deep blue eyes, remind me of a lake on a stormy day. Her curved nose gives her little girl look that makes me want to smile when she talks. And her mouth is a small mouth outlined by puffy lips that she often accentuates with glossy pink lipstick. When she smiles, which is often, her well formed and even, white teeth brighten up her whole face. I guess you can tell that I am head over heals in love with Mary. His generosity of spirit is total, and even when he faced with serious maltreatment, he never loses his sense of morality or kindness.

Make Hot Maple Syrup Ice Cream - Molecular Gastronomy

Make Hot Maple Syrup Ice Cream - Molecular Gastronomy Who says ice cream is a dish best served cold? Maybe you should try it hot. Heres a molecular gastronomy project that applies science to make hot ice cream. The key ingredient is methylcellulose, a polymer  that gels when its heated rather than chilled. Try hot maple ice cream on in an ice cream cone or perhaps top your waffles with it. Hot Maple Syrup Ice Cream Ingredients 150 grams (1-1/4 cup)  plain yogurt115 grams (1/2 cup) cream cheese50 milliliters (3-1/2 tablespoons)  maple syrup75 milliliters (5 tablespoons)  water20 grams (5 teaspoons)  sugar6 grams (2-1/4 teaspoons)  methylcellulose powder (Methocel food gum, SGA 150) If youre not a fan of maple syrup, make chocolate ice cream by using chocolate syrup instead of maple syrup. You could use other syrup flavors if you prefer. Lets Make Hot Ice Cream! In a bowl, whisk together the yogurt, cream cheese, and maple syrup. The mixture should be smooth and creamy.In a saucepan, bring the sugar and water to a boil.Remove the saucepan from heat and whisk in the methylcellulose powder. Mix in the powder until the mixture is smooth.Whisk the two mixtures together until they are fully blended. This is your ice cream mixture.Refrigerate the ice cream at least 2-3 hours.When you are ready to serve the ice cream bring a pot of water to a simmer.Use an ice cream scoop to drop spoonfuls of the ice cream mixture into the hot water. You can drop multiple scoops into the pot, as long as there is room for them to remain separate.Let each scoop of ice cream simmer for 1-2 minutes.Use a slotted spoon or ladle to remove each maple syrup ice cream scoop. Drizzle on maple syrup, if you like. Enjoy it while its hot since this ice cream melts as it cools, rather than as it heats up. Do you want to try another molecular gastronomy project? How about making powdered olive oil.

An Analysis of the Healthy and Dangerous Ways of Weight Loss Essays

An Analysis of the Healthy and Dangerous Ways of Weight Loss Essays An Analysis of the Healthy and Dangerous Ways of Weight Loss Essay An Analysis of the Healthy and Dangerous Ways of Weight Loss Essay An Analysis of the Healthy and Dangers of Weight Loss Marisa Baraley Com/170 November 8 2011 Theresa Zangara An Analysis of the Healthy and Dangers of Weight Loss Although weight loss can be beneficial, researching the healthy a dangerous ways to approach weight loss can be both rewarding and deter mental to your health if you do not make the right choice. According to the CDC, obesity is the number one health threat here in America. More than one third of U. S. adults and 16% of children are found to be obese. Statistics show that 98% that lose weight the unhealthy way gain all the weight back plus more. What we do not realize is that there are healthy and dangerous ways and their similarities in results. It’s very important to be aware of the signs of weight loss. Just because you are losing weight does not mean it is a healthy way. In both healthy and dangerous ways you will begin to see a change in energy and decrease in weight. However, if you are not following a healthy diet and sufficient exercise program or work out, in the long run this will cause great damage to your organs and your body will begin to eat itself causing you to push your body harder with lack of energy. It you are serious about losing weight, and then I suggest doing it in a healthy way. Exercise is very important and effective for weight loss and weight maintenance. Exercise and eating healthy can also help prevent several diseases and improve your health. Nutrition experts highly recommend that you maintain a healthy eating habit than impatiently using crash diets in losing a certain amount of weight in a few days. Such diets are called fad diets, which do not include healthy eating habits. Dieting is eating food in a regulated way. Knowing what amount of calorie intake you should have per day is vital when attempting to lose weight. Such as a low-fat diet, this is the reduction of the amount of fat in one’s diet. Here calorie consumption is then there is decrease of fat because it is then consumed. Low-carbohydrate diets, such as Atkins and Protein power, are very high in protein. They restrict carbohydrate intake sufficiently, which cause Ketosis. Low-calorie diets produce a energy of 500-1000 of calories allowed per day, which is a result in short term loss of 8% body mass in 3-12 months losing 2. 2lbs a week. Very low calorie diet provides 200-800 calories allowed a day. Your body will start to feel starvation and produce and weekly weight loss of 5. 5lbs. This will cause your body to fight to preserve energy burning less fat and more muscle. The first step is setting the right goals and a healthy diet. These are the keys to a healthy relationship with food. Meaning you need to eat when you are hungry. This will then stabilize your body and its natural weight. You will start to see results in losing weight where it matters using adequate exercise and eating healthy. Dieting is a practice of eating food in a steady way to maintain a controlled weight. In most cases, dieting is used in a combination with physical exercise to lose weight in those who are obese or overweight. Weight loss involves the loss of fat, muscle and water. When you’re trying to lose weight, your goal is to reduce the percentage of body fat. A decrease in body fat is the reduction of body mass due to a loss of fluid, bone mineral deposits, tender muscle and connective tissue. As you begin to change your diet you will start seeing a change of energy and a decrease in weight. Proper nutrition is foods that provide nutrients such as proteins, carbohydrates, vitamins, dietary minerals fat’s, and water. Carbohydrates are metabolized to provide an abundance of energy. Proteins provide amino acids, which are for cell construction for muscle cells. Fatty acids are required for brain and cell membrane construction. Vitamins and trace minerals help to keep good electrolyte balance which are then used for metabolic processes. Besides the importance of eating a balanced diet that includes all necessary nutrients, create attainable goals with the amount of weight that you would like to lose. By changing the way you go about eating can make it easier to eat less without feeling deprived. It takes about 15 minutes for your brain to get the message that you have eaten a meal. ( faama. org ) By eating slowly, chewing each bite at least 30 times before swallowing will help you to become fuller faster. Eating fruits and vegetables can make you feel fuller. Another good way is to use a smaller plate, so that you can moderate your portions to appear not so small to your brain . ( http://en. wikipedia. org) Eat moderately, exercise, and eat foods that have nutritional value and satisfy your taste buds. If you do follow an attainable plan to lose weight, you will successfully lose weight and be healthy. In all reality with dieting, you need to definitely research the many diets out there, not for your looks but for your health and make weight loss a healthy lifestyle and not a diet. After analyzing the difference between the healthy and dangerous ways of weight loss I have to definitely change my eating and exercise lifestyle. As I was doing research on my weight loss, I saw myself as a teen struggling with my weight. For years I have been struggling with my weight. When I was younger, looks were important. And I can remember times when I would starve myself because I wanted to be liked and to be able to wear the clothes that I wanted. I felt like an outcast because of my weight. I was always told you have a pretty face if only you would lose some weight. I then became obsessed with losing weight by using diet pills and drinks. So very unhealthy, but I had known knowledge of the dangers with the choices I was making in losing weight. I did lose weight but as soon as I stop taking diet pills I then gained more weight back including what I had loss. Today I am more concerned with my health and have knowledge of the healthy and dangerous ways in losing weight. I am going to change my lifestyle around completely by eating healthy, exercising daily and taking vitamins.

Jewish Essay Example | Topics and Well Written Essays - 2500 words

Jewish - Essay Example The participation of Jews in the 20th century entertainment industry contributed to this concept and has led into assertions that continue to create a sense of popularity over specific Jewish cultural stereotypes. The stereotypes that have been created in entertainment began with the third generation of Jews from the immigration that took place. After this time, there was an alteration in how Jews were looked at, specifically which combined the Americanization of Jews and the traditional identity that has been added into the identity of how Jews are looked at within popular culture today. The concept of Jewish culture before the entertainment began to be a part of mainstream America was one that was separate from other parts of America. The first and second generation Jews came from Eastern Europe and other areas that had different traditions and concepts of lifestyle. More important, most of the immigrants that were a part of the melting pot were restricted to ghettos and had difficulty in basic earnings and the ability to reach the American dream. Stereotypes were created from this developed from contrasts within America specifically because of the expectations and assumptions of how Jews lived within American culture. There were different aspects that were associated with what it meant to be Jewish as well as the inability to accept Jews into the American culture because of the contrasting traditions, cultures, festivities and language (Gold, 12, 1996). The problem with Jews in America was based on the marginalization of the minority, specifically because there wa s a belonging of being in the ghettos and having traditions that were not American. Many looked at this as a separate idea of what it meant to be American, which created boundaries and barriers with the American identity. The stereotypes that were created were first based around the economic situation of Jews. Living in the ghetto and taking jobs that were mediocre because of the

Process of Preparing an Electronic Portfolio Essay

Process of Preparing an Electronic Portfolio - Essay Example It is through the exercise of developing an electronic portfolio that I was able to have an understanding of the importance of the criteria for evaluation. The criteria for evaluation are put in place to make sure that every electronic portfolio serves the intended purpose. It is at this point that I was able to understand the principles that would be used to judge the quality of an electronic portfolio(Cambridge, 2012). Knowledge of the evaluation criteria was helpful in determining the exact content of the portfolio. As a result of knowing the evaluation criteria, I believe that I was able to make sure that all the needed competencies were included in the electronic portfolio. Presentation and organization of an electronic portfolio are always important aspects of the development process. For presentation and organization of my electronic portfolio I used Canvas  e-Portfolio. I was also able to realize that there are a number of alternatives that someone can use in the development of an electronic portfolio. It was through the process that I was able to realize that someone can opt for using required templates to develop an electronic portfolio (Gà ¼lbahar&Tinmaz, 2006). However, I came to the conclusion that the use of Canvas  e-Portfolio was the most appropriate for my case. Evidence of achievement is an important aspect of an electronic portfolio. Actually, I came to the realization that it is through evidence that someone can make sure that an electronic portfolio is as appealing and convincing as possible. The achievement included in an electronic portfolio should include details such as projects, any completed assignments, special projects completed, or evidence of any skills and experienced attained as a result of participation in workshops or conferences. It should be noted that before settling for any specific competencies and proficiencies, a person should list all the

Defensive Communication Essay Example | Topics and Well Written Essays - 1000 words

Defensive Communication - Essay Example By examining these forms of messages in the context of interpersonal communication, I shall reaffirm previous research findings that defensive communication results in 'losses in efficiency in communication' (Gibb 14). The strategy of defensive communication has various tactics and in the limited space afforded by this paper I will separately analyse in the following order only control messages, dogmatic messages, messages of indifference, and messages of superiority. Control messages predominantly operate as imperatives, commands, and instructions. Control messages therefore imply authority, that is, the 'right to give orders or make decisions' (Lewis). Authority, however, implies varying degrees of power. 'A power relation is a causal relation between the preferences of an actor regarding an outcome and the outcome itself' (Pettigrew 188). For example, a police officer has authority to issue commands and power to enforce those commands. In contrast, a teacher has authority to issue commands and instruction but less power to enforce those commands. Parents like teachers have authority and a limited degree of power. What is more, as the context of one's communication becomes more personal authority and power wan, so that no real power relations exist between friends. For instance, in intimate relations defensive communication can occur when 'individuals are sensitive about their own flaws as well as the flaws of others close to them' (Becker, Ell evold and Stamp 95). Complicating the matter is that not all communication is verbal - body language for instance. So that, without explicit messages or in fact any intent, one may communicate irritation or annoyance. Furthermore, control is not simply the directing of action; 'information may become an instrument for advancing, attacking, or defending status' (Burns and Stalker cited in Pettigrew 189). For example, one may use control messages to avoid a topic of discussion, as in family secrets (see for example Caughlin et al.). Dogmatic messages fall within the compass of defensive communication by virtue of the denotation of dogma; 'a doctrine or code of beliefs accepted as authoritative' (Lewis). In contrast to control messages, that expose authority and power, dogmatic messages expose censorship. Defensive communication in general, and dogmatic messages in particular, involve 'a self-perceived flaw that an individual refuses to admit to another person' (Becker, Halbesleben and O'Hair 144). Resisting the model of a dialogue (Pope 173), dogmatic messages rely on the monologue. For, 'every word is directed towards an answer and cannot escape the profound influence of the answering word that it anticipates' (Bakhtin cited in Pope 235). We may think of a dialogue as the collaboration between people to come to a mutual understanding. Yet in contrast, dogmatic messages attempt to curtail the give-and-take of communication. Such messages contain a deep irony; for, despite the effort to avoid a topic or point via an assertion of strength, the effort itself communicates a defensive attitude grounded on weakness. Dogmatic messages, therefore, undermine any authority or power asserted by a conversational partner. Furthermore, because a dogmatic message

Band of Brothers Essay Example for Free

Band of Brothers Essay The book title, â€Å"Band of Brothers,† by Stephen E. Ambrose is a book that shares the risky undertaking and hazardous experience that the United States Army had to go through in World War 2. Bravery is an understatement when describing the men of East Company’s personalities. The book really helps the reader describe the relationships and friendships that were either directly or indirectly developed as a result of going to war. From the extremely brutal training, to the depths of enemy territory, these men developed a brotherhood that only can come about as a result of extreme situations such as preparing and training for war, as well as World War 2 itself. This book not only describes Easy Company but other military veterans or active service members can relate to the situations described in the book. First of all, the book’s title describes things very accurately. Like most military divisions, Easy Company which was a part of the 101st Airborne Division in the Army, had to go through an exhausting basic training course in Camp Toccoa in Georgia. This alone is going to establish bonds and friendships among the young men participating in this training, whether they are looking for a buddy or not. Much of Easy Company already had an unspoken brotherhood before they even came into basic training. Many of these men had grown up in the terrible time of the depression and many of them had something in common. During Easy Company’s time in basic training, they not only had to compete with their selves, but with other militaries. â€Å"A day or so before leaving Toccoa, Colonel Sink read an article in the Reader’s Digest that said a Japanese Army battalion had set a world record for marching endurance by covering 100 miles down the Malayan Peninsula in seventy-two hours. (p. 28)† Colonel Sink wanted to top the Japanese’s achievement so he ordered his men to do better. This was a very miserable journey and test for Easy Company but they accomplished more than the Japanese Army had. War in itself is a competition but this book also examines with detail, the miniature competitions that occurred during World War 2. This march helped bring the soldiers together even closer and it also gave them the confidence and conditioning they needed to go into the brutal battles of World War 2. Most importantly, trust develops between these men because they are confident that they have well trained soldiers going into battle with them and not people that are going to drag their feet. â€Å"They were prepared to die for each other; more important, they were prepared to kill for each other (Pg. 1). The first battle which was the invasion of Normandy proved to be an eye opener that would just only strengthen the bond and brotherhood that Easy Company had. The pure terror of landing in Normandy and facing the Nazi German in a low vision area was at this point, the ultimate test to see if the training they bared in Camp Toccoa was good enough. With bullets flying and loud bangs disrupting their hearing, many of the men could not locate the rest of the group. Winters helped to organize and reunite a few men so they could have a better chance against the Germans by sticking together. Even though men were lost, Lieutenant Winters proved in a small victory that Easy Company was a highly trained group of soldiers that could get the job done in defeating the Nazis. Winters achieved this with a small group of soldiers as well. â€Å"The attack was a unique example of a small, well-led assault force overcoming and routing a much larger defending force in prepared positions (Pg. 84). † Even though this gruesome battle was an eye opener to the horrors of war, Easy Company’s soldiers were described as confident, had a will to survive and a sense of pride.