How does Shakespeare present Ophelia Essay Example for Free

How does Shakespeare present Ophelia Essay In Hamlet Shakespeare presents Ophelia as a helpless girl, who is continually manipulated by the men around her for their own gain. In many of his other plays the women are presented as strong and admirable people who play major roles in the live of the protagonist, such as Lady Macbeth in Macbeth. In Hamlet, however, Ophelia becomes a very different role-she is conveyed as a lesser to the men around her. She is continually manipulated by her father, Polonius, her brother, Larertes and Hamlet, the supposed love of her life. Her sweet and innocent nature results in her becoming dependent on the man in her life to tell her how to behave. Hamlet shows a very different style in Shakespeare writing, no longer is the women controversially given respect by the male character, but is instead shown in a more traditional mere pawn for their fathers, brothers and lovers. Ophelias relationship with her father is less then the traditional intimate one expected. Instead it shows a controlling man, obsessed with what others think, and a daughter respectful of her fathers wises. Polonius becomes convinced that Ophelias relationship with Hamlet will result in the diminish of his families honour, and to him, the respect others have for his families reputation is very important. He thus begins to pressurise Ophelia into breaking off any understanding between herself and Hamlet. Shakespeare uses these characters and their interaction to present a more traditional view of how a woman should act toward the men in their lives during this time period. I personally do not see her as a week character, but instead see her as a women with no other choice than to respect and obey the man who has looked after her all her life. Their relationship is a cold one, with little compassion between the two, but apparent respect on Ophelias behalf. Her brother too becomes set against her love for Hamlet, believing that she will ruin herself for Hamlet, yet he will never actually marry her, due to her lower social standing. During the actual play, Larertes is the only man who conveys to her that he actually cares for her, but we can see clearly that he believes her continuous open regard for Hamlet will reduce their familys nobility. He too adds to the pressure put on her to distance herself from Hamlet. Hamlets strategic plans towards Ophelia are probably the most conniving and vicious. He not only manipulates her constant love for him, but also toys with her emotions throughout, making her play exactly how he wants. He uses the courts knowledge of his relationship with Ophelia to get deeper involved in his plot to avenge his father and kill the king. He evolves Polonius theory that Hamlet is mad with love for Ophelia. When she returns Hamlets love letters and other tokens of his affections in act III scene I, Hamlet seizes this moment to cement the beginning of her descend into madness in both Ophelias eyes and in Polonius and Claudius as Hamlet is aware they are watching this encounter between the two ex-lovers. He appears troubled and hysterical as he denies giving her anything and laments the dishonesty of beauty. Confusingly, he claims to both have loved, and never loved her. As he leaves she mourns the noble mind that has now lapsed into apparent madness. Hamlet believes that by hearing this fight between Ophelia and himself, Polonius and Claudius will think he is now crazy and thus not fear him, making Claudius more vulnerable. Hamlet, Polonius and Larertes all put pressure on her to do what they want, they all use her to gain themselves and they all have little regard for her genuine love for Hamlet. Her heart begins to dictate over her head and as a result of being caught in the crossfire of all the men in her life; Ophelia goes crazy, unable to cope with the stress and contradiction. Finally, she kills herself finding no place in the situation for her own feelings. Hamlet is the least idealistic of Shakespeares plays, with women being presented in a more realistic view, rather than an idealistic outlook on society where women have more control over their lives and arent controlled by the men around them. Ophelia is presented in a more traditional feminine way, relying on men around her. This fits into Hamlet, and makes the play appear more legitimate, due to the emotion involved in the twisted love story. Still, I do not believe she is weak, but instead love struck and susceptible to manipulation by the men closely involved in her life. Many critics have argued that she is a dismal character, which no one can admire, but I see her as instead, a woman who is young, weak and naive to the world around her.

Euthanasia †Not Only at Patients Request :: Euthanasia Physician Assisted Suicide

Euthanasia – Not Only at Patient's Request      Ã‚   No indeed, euthanasia and assisted suicide would not only be at a patient's request. This false presumption has been disproven time and again by the practical working-out of euthanasia and assisted suicide in locales where it has been legalized. And yes, there are complications, which are not given great media exposure, but which appear in journals devoted to this debate. It is the intention of this essay to correct these false notions - with copious professional documentation.    As one of their major goals, euthanasia proponents seek to have euthanasia and assisted suicide considered "medical treatment." If one accepts the notion that euthanasia or assisted suicide is a good medical treatment, then it would not only be inappropriate, but discriminatory, to deny this good treatment to a person solely because that person is too young or mentally incapacitated to request it.    The way that the judicial process works in the United States is this: A surrogate's decision is often treated, for legal purposes, as if the patient had made it. That means that, if euthanasia is legal, a court challenge could result in a finding that a surrogate could make a request for death on behalf of a child or an adult who doesn't have decision-making capacity. Legally, this is the way the courts would handle it.    In the Netherlands, a 1990 government-sponsored survey found that .8% of all deaths in the Netherlands were euthanasia deaths that occurred without a request from the patient.(Medical) And in a 1995 study, Dutch doctors reported ending the lives of 948 patients without their request.(Hendin)    Suppose, however, that surrogates were not permitted to choose death for another and that doctors did not end patients' lives without their request. The fact still remains that subtle, even unintended, pressure would still be unavoidable. Such was the case with an elderly woman who died under Oregon's assisted suicide law: Kate Cheney, 85, reportedly had been suffering from early dementia. After she was diagnosed with cancer, her own physician declined to provide a lethal prescription for her. Counseling was sought to determine if she was capable of making health care decisions. A psychiatrist found that Mrs. Cheney was not eligible for assisted suicide since she was not explicitly pushing for it, her daughter seemed to be coaching her to do so, and she couldn't remember important names and details of even a recent hospital stay.

Hydro electric in malaysia

Large or small hydropower, still far the most Important of the renewable energy for electrical power production worldwide, providing 19% of planet's electricity. However, hydropower on a small scale remains the most effective energy technologies to be considered for rural electrification In less develops country. The advantages of small hydro technology are the system can last for 50 years or more with less maintenance and also environmental friendly. Malaysian government has launched the Small Renewable Energy Programme (SREP) In 2001, In order to motivate the IndependentPower Producer (IPP) in implementing the renewable energy projects in Malaysia. In 2009, there are 5 mini hydropower projects from 17 SREP participants, and one of them is Renewable Power Sdn. Bhd. This rnlnl hydro Is operating at Gadlng Reserve forest, Hulu Selangor with licensed capacity of 2. 2MW. The capital cost of this project is estimated to be paid off after 10 years generation. The barriers of this mini hyd ro are authority Issues, short-term profit minded and expensive transmission to the grid.Apart from these challenges, obviously mini hydropower is one of the most otential alternatives energy in Malaysia, suitable to the objective of Fifth Fuel Policy In Implementing renewable energy as one energy resource In Malaysia. Peninsular Malaysia Tenaga Nasional Berhad operates three hydroelectric schemes in the peninsular with an installed generating capacity of 1,91 1 megawatts (MW). They are the Sungai Perak. Terengganu and Cameron Highlands hydroelectric schemes with 21 dams In operation. A number of Independent Power Producers also own and operate several small hydro plants.

Devloping Property Investment Strategy

Abstract This research proposal investigates the varying methods of choice when investing in direct or indirect property. Investment is the giving up of a capital sum now in exchange for the benefits to be received in the future, such as income flow and or capital gains. The results show a choice of investment opportunities that can be made by measuring risk and return and by balancing different types of asset classes. Using the different investment choices available a strategy plan can then be developed tailoring to the needs of the client. There are four main areas of research that should be considered by each individual when developing a property investment strategy; the investor’s objectives, how much the investor can afford to invest, the level of risk acceptable, and the rate of return desired. The motive however for all investors is the same, to increase wealth and secure their future. Contents Introduction3 Research questions3 Literature review4 Investment requirements/objectives4 Property as an Investment5 Property investment analysis9 Developing an Investment Strategy11 Research Design13 Significants13 Definitions13 Limitations14 References14 Introduction There are many different types of investments some of which include; stocks and shares, bonds and bills, property, trusts, syndicates, debentures, insurance policies and superannuation. The type and size of these property investments appeal to different investors from the small individual properties to the property trusts worth millions of dollars. Location can also play a role in subdividing the different categories even further such as an industrialist might limit their demand for factory space to a specific area, whereas the industrial property acquired by investment fund for its portfolio may not worry about the country or region of which it purchase its property from. Investment in property can be direct or indirect; can be acquired by way of auction, by tender, by private treaty or by take over bid (Enver 2002). Australian investors have forever been fascinated in real estate as it still remains the main class of investment for individuals and investment funds, however many people are still under the impression that an asset of land will offer secure and lasting returns. In fact the acquisition of land must require informed and justifiable decisions involving the comparison of alike assets including tenanted houses and units, syndicates, property trusts and funds. (Rowland 1997) The main area of study describes the planning required for investment in property. Investment returns and yields are explained with risk level outlined in the current market. Explanations in methods of investing in property and a plan of developing an investment strategy. Comparisons to the stock market transactions are quick and easy, compared with property transactions where time and money is needed to collect information on each property that is up for sale. Then an inspection and analysis of each property needs to take place to ensure all the facts and figures are interpreted and taken into account and the optimal choice is made. Research questions Success can never be assured when acquiring an asset, as there are many risks involved such as the unpredictability of the future market, opinion and outlooks. Given that property is only one of the opportunities for investment on the market and that different investments appeal to different investors, the comparison of asset with asset is essential, but the comparison of that asset against other forms of investment is also just as important. – To obtain the investment requirements and to explain property investment considerations through the measure of the amount of investment, return/yield, risk comparison – To compare property as an investment choice it is examined through risk, property classes and diversification. To analyse the property investments which are explained for the planning of investment strategy – To develop the needs and constraints of an investment strategy Literature review Investment requirements/objectives Investment objectives must reflect the needs of the investor indirectly suggest the appropriate type and duration of property investments and are crucial in the development of an investment stra tegy of any kind. Without them it would be impossible to make a rational decision on what type or class of property to invest, how to finance it, when the income is needed and an estimated holding period Rowland et al (1997) suggests that a person must determine their objectives by analysing their own personal circumstances, such as their income, spending habits and social needs, or by shared or individual goals. For private investors it involves income, age, family commitments and even personality will suggest how much they are willing to risk to obtain a higher return (Pyhrr et al: 1989, p665). Because buying and selling direct real property assets involves high transfer, entry and exit costs and long selling periods it is consequently seen as an illiquid investment. Whereas an investment in property funds or units or shares also known as indirect property allow quick an easy trades along with shorter holding periods and evidence of rapid and high gains in less than two years. However direct property investment is still seen as a long-term investment strategy with lower risk involved. The one common objective is to find the asset that offers protection against the decline in purchasing power caused by price inflation. Real Estate is commonly considered to be a good hedge against both expected and unexpected inflation in the long term. Properties for which the rent is closely linked to consumer prices are often required when the primary motive is to preserve capital. Residential rents, commercial rents and those retial rents based on shop turnover including those rents reviewed annually in line with the consumer price index are commonly thought to provide at least partial protection against the effects of inflation (Rowland, 1997). The assets that are currently owned by the investor will also play a role in the determinants of the investment objectives and process. A diversified portfolio is commonly desired by investors and often requires different expertise to assist in the acquisitions, which lowers risk that can be increased when investing in unfamiliar and foreign assets types and classes. Investment considerations The amount for investment Consideration and analysis of a selected group of possible investment opportunities cannot take place unless there is an estimate of how much the nvestor has or is available to invest. Investors must have access to equity, cash, borrowings or a combination of all to even begin considering investing. The funds available to an investor ultimately determine the purchase price. Return/yield The expected rate of return must match the investor’s objectives to determine the property class or type suitable. The measurement of return is calculated from known facts about t he sale of a property and is used as a unit of comparison when comparing direct and indirect property. A suitable cash flow for the investment and the perceived risk should be viewed in conjunction with the rate of return, with a higher risk property requiring a higher rate of return. Capitalisation rate is the most common unit of comparison between asset classes, and can indicate whether a property is overpriced or incorrectly valued in some way with market evidence. The cap rate can be calculated by dividing the net income by the price expressed as a decimal or initial yield on purchase. Investment risk Rowland et al suggests that the purpose of the investment and the current circumstances of the investor determined an attitude to the risk involved. An increase in the return would normally compensate for any risks that are taken, but the trade-off between risk and return is dependant upon how unwilling or hesitant each investor is to risk. Variables involved in the prediction of future property income and value, such as rental income, running costs, vacancies, capital expenditure, charges in capital value and interest rates national and international stability, are critical and must be estimated to determine the property return. There are some key considerations that an investor must look at when determining their investment risk level. – Each investors objectives influence the selection of properties. – Cap rates (initial yields) unless lease terms are known are limited use in comparing properties. – Property investment and financing is a question between debt and equity or a combination of both. – Testing the impact of the return of below expected rental growth and unexpected rental vacancies could assess the two major risks or property investment. Investors are prepared to take varying degrees of risk to enhance return, depending on their objectives and circumstances (Rowland 1997) Property as an Investment Real Estate or property is the main asset class for property investment and contains very desirable characteristics, which are also very attractive for the larger investors who are trying to balance their portfolios between risk and return: – A good hedge against infl ation – Good income and capital returns – Low risk investment Diversification benefits from low co-variability with shares and bonds. Investing in property is however considerably different to the other principle investment options of shares and bonds because property is a physical asset (Bird 1984), while shares and bonds are financial assets. The main differences between a physical and a financial asset relate to: Flexibility: Shares and bonds are readily and frequently traded in the market (i. e. stock exchange), whereas property is infrequently traded, has lengthy transaction times and has no central â€Å"market place†. Divisibility: Portions of shares or bonds can be traded. Obviously part of a building cannot generally be traded, although subdivision by strata titling can be an option. Liquidity: Shares and bonds can be viewed as short-term investments, where as property is seen as a medium-to-long term investment. The high costs associated with entry and exit to property significantly impact on liquidity. This makes dealing in shares or bonds for the small investors more attractive (Newell 2000) Listed property trusts are more related to the financial assets of shares and bonds rather than the physical asset of composite property (Joslin 2005). Property as an investment choice Real estate is often acquired over other investment assets for its low risk performance, however this ignores many characteristics that differentiate property from other investments such as shares and bonds (Rowland 1997). Property Direct Indirect Redeemable Unredeemable (Syndicates) Market Priced Appraisal Priced (Listed) (Unlisted) Direct property is the purest form of property investment (PIR 1998), but mostly known as where the owners name appears directly on the title papers. It ranges from the simplicity of a residential investment by a private individual, which is easily understood, to that of the sophisticated commercial property portfolio’s managed by institutions (Upton 1998). The level of economic activity is directly linked to property, where the roperty market improves so does the value of the property. As property values continue to rise the number of potential investors begins to fall because of the high costs of quality real estate. Even the institutional investors who use property to balance their risk within their asset portfolios are reducing direct property exposure to between only 10-15% of the value of the portfolio (PIR 1998). Indirect property investments are often defined as pooled investments and are covered by the Managed Invest ment Act 1998. This notion allows for the purchase of types and classes of properties that would not otherwise be available to the average investor. Listed trusts are usually unrestricted investment opportunities, particularly the large and more liquid trusts. The Australian Stock exchange is used by the investors to trade their units and the trusts managers use it to buy and sell properties into and out of the units. Bond price and the comparative risk for each individual property trust are what drives the prices of units on the stock exchange. This itself is governed by the property, the lease, the tenant, the manager, liquidity and tax allowances and the other factors not necessarily related to the property, which may cause unit prices to depart from the net asset value (PIR, 1998). The majority of unlisted trusts on offer are open ended. In 1991 the Government introduced changes governing unlisted trusts which has the effect of turning most into what is termed hybrid funds, wherein they offer a mix of direct property, property securities, and also cash reserves. This liquidity is necessary to pay out redemptions which are the units that can be redeemed against the trust after a year they are not traded on the stock exchange as are listed trusts. Trusts were able to overcome two of the main problems of direct property ownership Firstly costs; transaction costs are much lower and are bound up in the vehicle structure. All the unit-holders share these indirectly. Secondly; liquidity, investors are able to trade their unit holdings for cash, which is beneficial to both small and large investors. However this aspect is one that often has property assets trading more like the all-ordinary index rather than a property asset (PIR 1998) A property syndicate is an investment vehicle through which investors can have direct ownership of one or more properties legally (Upton 1998). The investment usually lasts between 5-12 years after which the investment properties are sold and the profit is returned to the investors. Syndicates have for a long time been a means by which smaller investors can enter the property market when they otherwise could not afford to do so (upton1998). Syndicates have not only provided this broader range of better quality property for the general or retail market but institutional investors such as superannuation funds have used syndicates as a means of obtaining better diversification for the funds available for direct property allocation (Upton 1998) Risk and property investment Rowland et al (1997) suggests that there are a number of important or special investment considerations, which are strategically important to investors developing an interest in property. The most significant factors are: Specific risk, each individual property is unique and will require a detailed appraisal of specific opportunity. -Costs of management and charges are upwards of 25% of gross income while specialised management is also required due to favourable tenant rights, compared to investment in other equities or bonds. These costs are high. -Market information is not as readily available, less reliable and is much more expensive than other index m arket information. -Financial considerations. A considerable degree of financial leverage is normally required, which comes under increasing pressure in economic and property cycles. This is why decisions made should be long term. -Quality premium property is often in short supply and any improvements made may become economically or functionally obsolete. Rowland states that in assessing long-term exposure to property that we must look at key factors such as; the tax position, the rival situation and risk profile, the liquidity required, the character of the liabilities Rowland (1997) writes. â€Å"The return from any property cannot be judged properly without also assessing the risk that the investment may not meet the objectives of ownership. Investors are most unlikely to take on additional risks unless there is sufficient increase in the expected return†. This point is the basis of all investment not only for property. The investor makes the choice between high risk and high return, or low risk and low return. These are again the principles of a balanced investment portfolio. Property classes and diversification Most investors would be well aware that an old saying â€Å"don’t put all your eggs in the one basket† which is a practical investment strategy. All of the sensible institutional investors balance their asset portfolios As stated earlier, McMahon (1998), property only plays a small part of between 10 to 15% of total asset portfolio composition, which normally consists of property, shares and bonds. However, property trusts and property syndicates will principally be composed entirely of property, but contain many sub classes or property types which in turn play an important part in the diversification strategy. It must be remembered, property can be direct and indirect, interstate, intrastate or international. Property investment analysis This chart shows the relationship between each asset class and the level of risk and return that can be expected. High Potential Return Low Expected Risk High Cash Fixed interest Property Growth Alternative investments Assets Shares Individual investors each have different and unique circumstances that need to be taken into considerations when making a decision between direct and indirect property investment. It is often argued, â€Å"property investment is the trade off between risk and return†. The investor can therefore have a very complicated or simple investment plan depending on their needs, however an investor seeking high returns should be prepared to take high risks, while a more prudent investor would settle for a more modest return. As there is no central market place for property trading except for listed property trusts in the stock exchange it means the majority of property investors and not equipped to undertake a through or sustained investment analysis. This means there is very limited means of information regarding the history of trading including returns for the unlisted trusts. The individual investor’s objectives or requirements will often determine the class of property for investment, which is frequently balanced by their experience or existing property portfolio impacting on the risk return strategies. Direct property Most direct property analysis is based on a direct comparison basis. Investors choosing income-producing properties balance the overall return/yield on the net annual income of the property and the annual capital growth of the asset. For example a property located in the country may give a greater annual return than one in the suburbs but its capital growth may be far less. As an investment strategy it may however amount to a positive investment, returning more than it costs to own. Direct comparison analysis requires a comparison of â€Å"like with like† therefore a property on a busy main road location is not comparable to a property with direct water frontage. Therefore the influences of Type, location and timing need to be considered with return or yield. Property information. Property information can be broken down in to three main categories, general overview, specific class/type and local information. General overview: when an investor is first looking to invest in property they want a general overview about the whole industry, what is hot and what’s not and where to find it. This information can be found on sites like; ABS, The Property Council of Australia, The Australian Property Institute, Access Economics, The Real Estate Institute etc. These sites will provide overall information on trends, the present state of the market and future predicted trends, which will assist the investor in choosing a location and class of property for investment. Specific class/type; large corporate real estate players like CB Richard Ellis, the real estate franchisers, PRD, researchers like Property Investment Research, Residex, RP data or investors AMP, Westfield, etc all are supported by extensive research departments and are able to provide very specific property performance information. The difficulty in using their services is that most are commercial businesses and seek payments for the services provided. Local Information; once the location and the class of property is chosen then there is no better research than getting to that location. When you have acquired/ researched, the latest most comprehensive information, then the analysis process is undertaken, as we have demonstrated earlier. Indirect property Indirect property because it trades as a financial asset provides a clear trial of transactional and corporate informational because of the rules associated to being listed on the stock exchange. The stock exchange also has some very strict â€Å"code of conduct† rules for companies or individuals as traders on the stock exchange, far more stringent than for regulated property traders/professionals. Each individual company or property trust listed on the stock exchange must meet reporting requirements, which allows advisers access to the most intimate â€Å"going concern† and stock market trading information. It is for this reason that the stock market investing is volatile, analysts have intimate corporate information, coupled with cyclical and world events puts daily pressure on stock values. Stocks are trading daily effectively valuing assets and performance on a daily basis. A company’s annual report’s can be analysed using mostly ratio analysis, undertaken as a matter of course before being recommended by investment house/advisors. Property trusts are also analysed and benchmarked prior to being recommended for investment. Because listed companies and property trusts operate in the economy, they are obviously affected by the overall state of the local and world economies. If both the local and world economies are doing well, then, other things being equal, you could expect listed companies and trusts to do well and stock prices increases. Developing an Investment Strategy The development of an investment strategy over a period of time allows the individual to assess what they can afford, their risk level and provides a clear outlook for the future. The main considerations would be how much you need to borrow and the level of gearing, the purchasing costs, ongoing costs and depreciation schedules and other tax issues. Hargitay and Yu (1991) et al suggests that the investment usually means the acquisition of assets by the investor with the view to satisfactory returns in the future. The capital committed to the acquisition of the assets and the expected returns are exposed to risk. Generally the greater the exposure to risk, the higher the return expected by the investor as a reward for bearing the risks involved. Most rational investors are risk-adverse. That is they prefer less risk to more risk and more return to less return. The formulation of an investment strategy or portfolio objective involves the listing and ranking of the principal needs the constraints for a particular investor. A list of the particular needs and constraints may include the following: Needs 1- Need for the security or capital invested. 2- Need for the security and stability of income. 3- Need for the readily marketable investment, i. e. liquidity 4- Need for tax exemptions or reliefs 5- Need for external professional management. Constraints 1- Limit on the size of immediate capital investment 2- Limit on the size of future investment. These future capital commitments are either regular or random. 3- Upper limit of risk bearing 4- Minimum acceptable rate of return – Term of investment 6- Statutory controls It is extremely important that the investor sees their particular position amongst the needs and constraints and is able to express their relative importance. Only then will the investor be able to articulate their portfolio objectives clearly. Hargitay and Yu (1991) et al also suggest that Modern Portfolio Theory (MPT) provides another more rational method to assemble a portfolio of risky securities. MPT provides the rational to select a combination of risk free assets that would meet the investors’ objectives. The first and fundamental problem facing the investor is to establish the investment goals and objectives. Only after the clear definition of the investment goals and objectives can the appropriate investment strategies and tactics be established. Conclusion The theme of this proposal is that a sound investment decision-making is based on a thorough return and risk analysis, which is the best strategy for maximising a person’s wealth. The institutional or corporate investor usually invests to make adequate provisions to cover future liabilities and hedge against the success or failure of their enterprise. Various institutional investors have distinctly different liabilities and tax status and therefore require different investment and portfolio structures to meet their respective commitments now and in the future. The first step in the establishment of investment objectives is the determination of the investors needs. The needs of an individual investor will be different from those of an institutional or corporate investor. However the primary motive for investment in all cases is profit. Usually individual investors’ provide for certain goals, retirement, educating their hildren, or simply hoping to increase their wealth through investment of individuals to money matters, and in particular to risks’, varies greatly. Some have the attitude that given their investment amount is only small that when investing in risky ventures the risk aspect is insignificant, so they accept the risks quite readily. Other investors would regard the loss of their small investment as a major disaster. Research Design The development of a property investment strategy data collected mainly from secondary sources. Define Purpose of the proposal Question Scholarly Journals Trade Journals Reference Books Sources Official Statistics Technical Reports Libraries and their search engines Research Literature Review articles Design Locate Col Evaluate Verify Construct and Incorporate data into the proposal The purpose of this proposal is to examine the way in which an individual decides what is the best investment option to undertake. Included is the discussion of issues on investment strategies; risk and return measures; limitations; investment decisions; investment objectives. A variety of industry sectors were analysed including direct and indirect property and what each of these involve. The graphs in this report were constructed using a vast array of publicly information obtained for the literature review and the secondary sources mentioned. Significants This proposal outlines the framework for determining a sound investment strategy and important steps and criteria a potential investor must undertake in order in maximise their financial wealth. Positive investment results are directly related to a well researched and thought about investment strategy. Definitions Asset allocation: â€Å"The proportion of your total capital you invest in the different asset classes. This will be largely determined by your risk profile† (ASX) Benchmark: â€Å"The yardstick that a fund manager compares the performance of their fund to, such as the All Ordinaries Index which may be used as a benchmark for Australian Shares† (ASX) Diversified Portfolio: â€Å"A portfolio that holds a variety of assets over more than one asset class or one market. This may include shares, property, or fixed interest† (ASX) Gearing: â€Å" Refers to the process of the increasing funds available for investment through borrowing. The ratio of debt finance to equity finance or as: The use of long-term debt in financing an entity. Gearing may be measured as EBIT/EBIIT – interest, Used to be known as Leverage† (ASX) Hedge: â€Å"A transaction, which reduces or offsets the risk of a current holding. † (ASX) Liquidity: â€Å" Being able to convert assets into cash easily, quickly and with little of no loss of capital. A liquid market is a market with enough participants to make buying and selling easy. ASX) Return on investment: â€Å"What you earn from your investments, including dividends, interest or other income and realised capital gains. Return is usually expressed as a percentage of the amount invested. † (ASX) Limitations This research proposal of developing a property investment is limited in that it does not take into consideration individual circumstances and further ana lysis of this should be done before investment begins. This proposal also does not take into the account other factors that affect the market, which can also then affect an investment. This proposal also ignores the adverse tax consequences associated in investment, which are critical in any investment strategy. References Australian Securities Exchange, 2008, (ASX) Bird, P. (1984), â€Å"Commodities as a hedge against inflation†, Applied Economics, Byrne P and Lee S, 2004, Different Risk Measures; Different portfolio compositions, Journal of property investment and finance. Enever, N. , Isaac, D. (2002), The Valuation of Property Investments, 6th ed. , Estates Gazette, London, Hargitay. S. E and Yu. S, 1991, Property Investment Decisions; a quantitative approach Joslin, A. (2005), â€Å"An investigation into the expression of uncertainty in property valuations†, Journal of Property Investment & Finance, Vol. 23 McMahon, Walter W. (1998) â€Å"Conceptual Framework for the Analysis of the Social Benefits of Lifelong Learning†, Education Economics, Newell G, Kottegoda P and Acheampong P, 2000, Using style analysis to assess direct property performance, Sixth Rim Real Estate Society, Sydney Newell G, Acheampong P, Kishore and Padan M 2000, Diversification issues in property securities funds, Sixth Pacific Rim Real Estate Society, Sydney Property Investment Research, PIR 1998, Melbourne Pyhrr. S. A and Cooper. R. J 1989, Real Estate Investment; Strategy, Analysis, Decisions, New York: Wiley Rowland. P. J 1997, Property Investments & their financing, 2nd edition, LBC (Thomson) Upton D, 1998 flirting with debt, Property Australia ———————– Define Question Secondary sources Collect, Review & analyse data Research report

Dreams vs. reality Essays

Dreams vs. reality Essays Dreams vs. reality Paper Dreams vs. reality Paper Dreams vs.. Reality Corm McCarthy has written many terrific novels Including the book The Road. In this book McCarthy uses the theme dreams vs.. Reality often. Many other authors have also used this theme, including F. Scott Fitzgerald. Corm McCarthy and F. Scott Fitzgerald have very different writing styles, although they both have the reoccurring theme of dreams vs.. Reality. In the book The Road there are numerous examples of how McCarthy compares dreams and reality. One of the main of examples of this is the man dreaming of his wife. In the story, the wife Is never physically there; she Is always a thought, a Emory or a dream. The old man often dreams of their perfect relationship and how wonderful and gorgeous she was. He dreamt of her in a magnificent dress, with a dashing smile and luscious dark hair. The man dreaming of his wife so often meant something. His wife was a wonderful thing and it also is something he lost. This is a direct comparison to his life. He had a fantastic life and now after the disaster his life Is ruined and destroyed Just Like his wife. The boy himself also had dreams. The boys dreams were not as happy and good as the father; rather they were dark and scary, bad dreams. One dream in specific was the dream of a wound it up toy. As the boy woke whimpering he told his father everything about the dream. l had this penguin that you wound up and it would waddle and flap its flippers. We were in that house that we used to live in and it came around the corner but nobody had wound It up and It was really scary. (The Road 14) To many people this might sound foolish. UT this was a child and had many scary thoughts dancing around his head and his dreams were how he expressed his thoughts. Later in the story, Just before the Mans death, he gave the boy some very wise advice. When your dreams are of some world that never was or of some world that never will be and you are happy again then you will have given up. Do you understand? And you cant give up. I wont let you. (The Road 66) In essence, what the Man Is trying to say Is that without bad dreams there Is no end and with good dreams the end is near. When your dreams are happy it has proven you have given up and you have lost. When you are having bad dreams you are still fighting and you are pursuing the future. Dreams are a physiological time clock of your life. Relative to Corm McCarthy, F. Scott Fitzgerald uses the theme of dreams vs.. Laity In his books. It Is most prominent In the book The Great Gatsby. In this book Jay Gatsby pursues his dreams to be In a relationship Daisy Buchanan. In this quest he overcomes and succumbed to many obstacles. His main obstacle was winning Daisy back and living the perfect life just as he dreamt. Gatsby needed to face reality and realize that he can not reverse time. Nor can he instantly make his dreams true. Reality was that Gatsby was too late, Daisy had fallen in love with Tom Buchanan and Gatsby love would not be enough to split there relationship. Case, his dreams overcame him. He dreamt of Daisy and their perfect future, he dad this his goal and only goal. He started evolving his entire life around it by buying a huge mansion across the bay from the Buchannan and throwing huge parties on the weekends. The line between reality and dreams was blurred and Gatsby started to mistake his dreams for reality. Once his dreams were crushed his reality was crushed and Gatsby emotion caught up to him and inevitably led to disaster. Both Corm McCarthy and F. Scott Fitzgerald use the the theme dreams vs. reality. Regardless, they both have there differences, they are still very similar. Both books can teach one some very crucial and important lessons in life.

El muro de Trump y su impacto ambiental

El muro de Trump y su impacto ambiental La construccià ³n de un muro a lo largo de la frontera entre Estados Unidos y Mà ©xico es una de las medidas ms controversiales propuestas por el Presidente Donald Trump. Este artà ­culo cubre informacià ³n sobre la valla que separa los dos paà ­ses, argumentos a favor y en contra de la construccià ³n del muro, en quà © consiste la Declaracià ³n de Emergencia Nacional declarada por el presidente Trump el 15 de febrero de 2019 y el impacto medioambiental que causarà ­a su construccià ³n. Puntos clave: el muro de Trump Extensià ³n de la frontera entre EE.UU. y Mà ©xico: 3.144 km (1.954 millas).Declaracià ³n Nacional de Emergencia: de dà ³nde proceden los 8.000 mil millones para su construccià ³n.Argumentos a favor: frenarà ­a migracià ³n indocumentada, drogas y posible infiltracià ³n de terroristas.Argumentos en contra: no resuelve presencia de 11 millones de indocumentados ni llegadas legales seguidas de permanencias ilegales; no afectarà ­a caminos de entrada de las drogas; alto costo e impacto a vida salvaje.Impacto medioambiental: el muro romperà ­a hbitats naturales de ms de 1.000 animales silvestres, incluyendo a 100 especies en peligro de extincià ³n. Cruzarà ­a por reservas de la biosfera, reservas naturales, santuarios de animales y parques nacionales. La frontera entre EE.UU. y Mà ©xico La frontera que separa Estados Unidos y Mà ©xico se alarga por 3.144,6 kilà ³metros (1.954 millas) desde el Golfo de Mà ©xico hasta el Pacà ­fico. En la actualidad, existe un valla de separacià ³n en 1.100 km (700 millas), la mayorà ­a se construyà ³ bajo la direccià ³n del Presidente George W. Bush como respuesta a los atentados terroristas del 11 de Septiembre del 2001. El precio de su construccià ³n fue de $2 mil millones. Por su alto costo se decidià ³ no extenderla toda la frontera. Su mantenimiento cuesta $500 millones anualmente. Adems de la valla, la frontera est protegida por la Policà ­a Fronteriza (CBP, por sus siglas en inglà ©s). Esta agencia –la cual cuenta con 20.000 agentes y un presupuesto anual de $3 mil millones- vigila la frontera a pie, a caballo, en auto y en embarcaciones con el apoyo de tecnologà ­a inteligente, como drones, cmaras, sensores y el establecimiento de retenes y controles migratorios. En el aà ±o fiscal 2018, segà ºn estadà ­sticas de la CBP, el nà ºmero de arrestados en la frontera sur tras cruzar ilegalmente el paà ­s ascendià ³ a 396.579 migrantes. A todos ellos se les aplicà ³ la polà ­tica de tolerancia cero. Argumentos a favor y en contra del muro de Trump Los defensores de la construccià ³n del muro argumentan tres razones principales. En primer lugar, frenarà ­a el ingreso de migrantes indocumentados. En la actualidad se estima que hay en el paà ­s 11 millones de migrantes sin papeles. En segundo lugar, se argumenta que si la frontera no est blindada existe un riesgo de infiltracià ³n de terroristas. Y, en tercer lugar, se afirma que la valla no es obstculo para el ingreso de drogas, lo que agravarà ­a el problema de adiccià ³n que existe en EE.UU. Segà ºn datos de los Centros de Control de Enfermedades y Prevencià ³n, ms de 33.000 estadounidenses mueren anualmente por sobredosis de opiceos. Desde otra perspectiva, se argumenta en contra del muro que este no frenarà ­a la migracià ³n indocumentada porque, por un lado, no resuelve el problema de la presencia en el paà ­s de 11 millones de migrantes y, por otro, porque la mitad de los indocumentados ingresan al paà ­s legalmente y no atravesando ilegalmente la frontera. En segundo lugar, se argumenta que no hay casos para apoyar la tesis de que los terroristas pueden ingresar ilegalmente a travà ©s de Mà ©xico. En tercer lugar, se esgrime que aproximadamente 15.000 personas de las fallecidas anualmente por consumo de opiceos tomaron medicinas que se obtienen en EE.UU. con receta. Adems, las drogas que ingresan de Mà ©xico hacia EE.UU. lo hacen por tà ºneles, en drones, compartimentos ocultos en buses o autos, o en camiones. Por lo tanto, el muro no afectarà ­a a ninguno de esos modos de transporte. Por à ºltimo, se esgrime en contra de la construccià ³n del muro su alto costo y su impacto ecolà ³gico. Costo de la construccià ³n del muro de Trump No hay consenso sobre cunto costarà ­a construir un muro que blindase los ms de 3.000 km de frontera entre Estados Unidos y Mà ©xico. Por un lado, el propio Presidente Trump estima que el precio del muro podrà ­a estar entre los $8 y $12 mil millones de dà ³lares. En el otro extremo del espectro se encuentran organizaciones como New America Foundation que estima el costo entre $27 y $40 millones. Por otro lado, la agencia de noticias Reuters tuvo acceso a un estudio de la Oficina de Contabilidad del Gobierno (GAO, por sus siglas en inglà ©s) en el cual estima que el muro costarà ­a $21,6 mil millones. El baile de cifras se debe, entre otros factores, a que se desconoce cul de las propuestas de muro se construirà ­a y, por lo tanto, sus caracterà ­sticas y materiales. En los ocho prototipos el material varà ­a de concreto a acero y la altura de 18 a 30 pies (5,5 a 9,1 metros). Declaracià ³n Nacional de Emergencia  ¿cul es el costo y quià ©n paga por el muro de Trump? Segà ºn la declaracià ³n de emergencia nacional del presidente Trump anunciada con fecha del 15 de febrero de 2019, podrà ­an obtenerse un mximo de $8 mil millones (8 billones) para la construccià ³n del muro. Un total de 1.375 millones de dà ³lares procederà ­an de un presupuesto autorizado por el Congreso de los Estados Unidos. La diferencia procederà ­a de fondos del Departamento del Tesoro de confiscaciones de drogas (600 millones de dà ³lares), fondos que habà ­an sido destinados a actividades del Departamento de Defensa en proyectos de lucha antidrogas y otros programas (2.500 millones de dà ³lares) y fondos destinados a proyectos de construccià ³n del Ejà ©rcito (3.600 millones de dà ³lares). Estas cantidades serà ­an suficientes para construir un muro a lo largo de toda la frontera. Segà ºn informacià ³n del gobierno, no todo el muro serà ­a de concreto sino que habrà ­a zonas de vallas metlicas. Impacto medioambiental del muro de Trump La construccià ³n de un muro por ms de 3.000 kilà ³metros tendrà ­a importantes efectos medioambientales. Una de las razones principales es una sentencia dictada en corte federal en febrero de 2018 que permite, por razones de seguridad nacional, la construccià ³n del muro fronterizo sin necesidad de respetar los preceptos de las siguientes legislaciones: Ley de Agua Potable Segura, Ley de Especies en Peligro de Extincià ³n, Ley de Agua Limpia, Ley de Aire Limpio, Ley de Eliminacià ³n de Desechos y Ley de Proteccià ³n de Tumbas Nativas Americanas y Repatriacià ³n. Ms de 2.500 cientà ­ficos estadounidenses, mexicanos y del resto del mundo, han hecho un llamado de atencià ³n sobre el impacto medioambiental del muro en un artà ­culo publicado en la revista cientà ­fica BioScience. Su opinià ³n es compartida por grupos medioambientalistas como Sierra Club. Esos expertos argumentan que el muro interrumpir los patrones de migraciones de animales, imposibilitando o limitando el acceso a sus lugares habituales de comida, bebida, apareamiento y nacimiento. En otras palabras, el muro supondrà ­a una fragmentacià ³n del hbitat animal y, posiblemente, limitarà ­a su diversidad genà ©tica. Segà ºn el Instituto de Ecologà ­a de la UNAM, ms de 800 especies se verà ­an afectadas, incluyendo al ocelote, bisonte, lobo gris mexicano, borrego cimarrà ³n, jaguar, tortuga del desierto, rana leopardo, oso negro, antà ­lope berrendo, ciervo mula, perros de la pradera, gato montà ©s, leà ³n de la montaà ±a y colibrà ­. Todo ello conducirà ­a a la reduccià ³n drstica de animales del suroeste estadounidense, de los cuales 100 ya se encuentran en peligro de extincià ³n actualmente, segà ºn datos de la Agencia de Vida Salvaje y Peces de los Estados Unidos. El muro incluso podrà ­a suponer la destruccià ³n del santuario de mariposas de mayor diversidad ubicada en Missions, Texas, y afectar negativamente, entre otros, al Refugio Nacional de la Vida Silvestre del Valle Bajo del Rà ­o Grande, al Parque Estatal Rà ­o Grande - Bentsen y los centros de la biosfera de Rancho Los Fresnos (Sonora) y Santa Ana (Texas). Este à ºltimo est ubicado en el valle del Rà ­o Grande, una de las reas con mayor diversidad ecolà ³gica en toda Norteamà ©rica. Adems, debido a la altura propuesta, el muro entre 18 y 30 pies tambià ©n afectarà ­a el movimiento de pjaros tropicales que vuelan por esas rutas en sus migraciones estacionales y de insectos. Esto tambià ©n tendrà ­a consecuencias negativas para las plantas que dependen en gran medida del movimiento de insectos y pjaros para la polinizacià ³n. Asimismo, activistas medioambientales a ambos lados de la frontera han mostrado su preocupacià ³n por la posibilidad de que el muro pueda actuar como un embalse en momentos de inundaciones, pudiendo causar una tragedia humana. Tambià ©n han puesto de manifiesto el riesgo de alterar con las obras del muro el nivel de los acuà ­feros y provocar desabastecimiento de agua. En este contexto, varias organizaciones han acudido a las cortes para intentar frenar o evitar los peores impactos ambientales que derivarà ­an de la construccià ³n del muro. Por ejemplo, el Center for Biological Diversity, en conjuncià ³n con Animal Legal Defense Fund, ha presentado en noviembre de 2018 una demanda buscando declarar inconstitucional el permiso concedido al gobierno por una corte para construir el muro sin respetar las leyes medioambientales. Esta estrategia ha sido utilizada sin à ©xito hasta el momento por otras organizaciones ecologistas. Este es un artà ­culo informativo. No es asesorà ­a legal.

Democratic Practices in Botswana Essay Example | Topics and Well Written Essays - 4750 words

Democratic Practices in Botswana - Essay Example This research will begin with the statement that democracy is, perhaps, one of the most elaborate of political theories and encompasses within its scope separate academic disciplines, namely philosophy, law, economics, political science, and sociology. The history of human civilization has witnessed yield of several political ideologies or â€Å"-isms†, each of which actually aimed at the welfare of common people but none of those have been so successful as that of democracy, which has represented the voice of commoners with an immense strength. The saga of democratic politics, according to the historical references, started with the ancient Greek civilization, â€Å"In the fifth century BC, Athens emerged as the most innovative and sophisticated ‘city-state’ or polis among many rival Greek communities†. Aftermath, in different ages, different human civilizations experimented with the democratic system of governance. On numerous occasions, statesmen and lea ders have clearly denounced the option to deliver democratic power to citizens and attempted to prohibit the rise of common people to power. However, none of these attempts prevailed and democratic system of governance has found its way through spontaneous urge of common people. The widest and most pervasive application of democracy started since the late 19th and inception of the 20th century. Prior to that time, the world witnessed evils of imperialism and colonialism.