The Love and Devotion of Lady Macbeth Essay Example

The Love and Devotion of Lady Macbeth Paper Power, and the pursuit of it, can make the strongest person weak. An ironic twist because power is supposed to be the opposite of weakness, but they can be one and the same. The primal thirst for power can lead to people committing atrocities whether in real life or those who are portrayed in fiction. In Shakespeare’s Macbeth, Macbeth is susceptible to be corrupted by the yearning for power and Lady Macbeth does horrible deeds out of love for her husband. Although she appears evil, she loves her husband so much that she is willing to be unsexed, give her sanity and plot treason for her husband’s ambitions. Lady Macbeth is a woman, and as a woman she is automatically and unjustly associated with being a soft and warm-hearted person. As she vehemently pleads here, â€Å"†¦Come you spirits/ That tend on mortal thoughts! Unsex me here/†¦ come to my woman’s breasts/ And take my milk for gall†, (Shakespeare, Act I, Scene V, L 40-47) she desires to lose these qualities to do what is necessary of her. This is one of the most powerful things that can be done for another. The mere fact that Lady Macbeth is willing to call on evil spirits for this unwieldy process shows that she has the utmost love and devotion for her husband. One cannot overlook the irony of Lady Macbeth calling on the very same evil spirits that predicted her husband to be to king, to help herself have the power to make Macbeth the leader of Scotland. We will write a custom essay sample on The Love and Devotion of Lady Macbeth specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Love and Devotion of Lady Macbeth specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Love and Devotion of Lady Macbeth specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Also that is she had truly gotten her wish, then she would have lost one of woman’s greatest gifts, the ability to have children or an heir to the throne. Later in the play, as a result of Lady Macbeth’s hardened actions, she is beginning to lose her sanity. In all states of consciousness, Macbeth’s well-being still plagues her mind. As she is sleep walking, she is trying to assure Macbeth and sooth him into relaxing sleep, portrayed here, â€Å"†¦I tell you yet again, Banquo’s buried; / He cannot come out on’s grave†. Act I, Scene V, L 60-61) As one can see here, one of her innermost desires is for Macbeth to be happy, but they suffer from the same illness, their conscience, which constantly reminds them of the mayhem they have created. This leads her to lose her most treasured possession, her mind, because of her actions out of love for Macbeth. Eventually it drives her to complete madness and leads her to take her life, a martyr for M acbeth’s path to kingship. The binding guilt that tormented Lady Macbeth’s mind was not unfounded. Although her hands did not commit the murder of King Duncan, she is directly responsible. She was the driving force behind Macbeth and pushed him into the murder, even when he had his doubts about the worth of becoming king. Lady Macbeth’s sheer devotion and love for Macbeth did what was necessary, not what was nice, for Macbeth’s aspirations. As one can see, â€Å"†¦ look like the innocent flower/ But be the serpent under’t†¦ you shall put/ This night’s great business into my dispatch;† (Act I, Scene V, 64-67), Lady Macbeth set out a foolproof plan to ease the burden of stress that is weighing on Macbeth. The plot and acts of treason and regicide are tokens of Lady Macbeth’s devotion because royalty in medieval times were said to be chosen by the divine. In order for lady Macbeth to hazard her life and potentially her afterlife for Macbeth’s temporal desires is just another of the many signs of love and devotion. As one can now see, Lady Macbeth is not an evil character but an extremely realistic one who gave all of her strength for her husband’s weakness. She is somebody who out of love and devotion is willing to give her femininity, her sanity and plot treason for her husband. Lady Macbeth gives everything she possibly can for the happiness of another, the true definition of love. All of this is done because of Macbeth’s weakness when he saw the potential for power. One can only wonder how far he would have gotten if he did not have the love and devotion of Lady Macbeth to aid him on his journey. Shakespeare, William. Macbeth. Oxford: Oxford University Press, 1990.

13 Quotes to Share with Your Dad This Fathers Day

13 Quotes to Share with Your Dad This Fathers Day Good fathers are difficult to find. If you have a gem of a father and you wish to make him feel special, here is your chance. Wish him a very happy fathers day with some brilliant fathers day quotes. If you have shied away from expressing your warm feelings to your father, dont lose this opportunity. These charming fathers day quotes can awaken and rebuild long-lost relationships. Erika Cosby   You know... fathers just have a way of putting everything together. Clarence Budington Kelland He didnt tell me how to live; he lived, and let me watch him do it. Gabriel Garcia Marquez   A man knows when he is growing old because he begins to look like his father. Lord Chesterfield As fathers commonly go, it is seldom a misfortune to be fatherless; and considering the general run of sons, as seldom a misfortune to be childless. National Urban League Slogan   Dont make a baby if you cant be a father. Aldous Huxley   Sons have always a rebellious wish to be disillusioned by that which charmed their fathers. Helen Rowland   A mans desire for a son is usually nothing but the wish to duplicate himself in order that such a remarkable pattern may not be lost to the world. Austin OMalley   The worst misfortune that can happen to an ordinary man is to have an extraordinary father. Confucius   The father who does not teach his son his duties is equally guilty with the son who neglects them. William Penn   He who is taught to live upon little owes more to his fathers wisdom than he who has a great deal left him does to his fathers care. Charles Wadworth   By the time a man realizes that maybe his father was right, he usually has a son who thinks hes wrong. Anonymous   Small boys become big men through the influence of big men who care about small boys. Tom Wolfe, The Bonfire of the Vanities   Sherman made the terrible discovery that men make about their fathers sooner or later... that the man before him was not an aging father but a boy, a boy much like himself, a boy who grew up and had a child of his own and, as best he could, out of a sense of duty and, perhaps love, adopted a role called Being a Father so that his child would have something mythical and infinitely important: a Protector, who would keep a lid on all the chaotic and catastrophic possibilities of life.

Input Prices and R&D Allocations Analysis for Tablet Development Corp Research Paper

Input Prices and R&D Allocations Analysis for Tablet Development Corp - Research Paper Example However, there are major drawbacks in the existing price and R&D budget allocation strategies that have undermined the new product development cycle in the organization. In order to bring a revolution in the existing business practices of the company, it is important that a new pricing strategy is devised that is based on the strategic objectives of each product individually. Furthermore, the decisions for the allocation of funds for the Research & Development (R&D) of each product should be taken individually and on annual basis to achieve the desired objectives of the product and the company. 1.1 Aim The aim of this report is to discuss the new pricing and R&D allocation strategy for the core products X5, X6 and X7 and to reflect on the subsequent performance of each product in response. 1.2 Objectives To study the new pricing decisions and R&D budget allocations for each core product, namely: X5, X6 and X7 taken in 4 years (i.e. from 2012-2015). To analyse the subsequent performan ce and life cycles of each product due to the difference in the decisions. To review the financial performance of each product and their impact on the market factor like consumers and market saturation. To conclude with the explicit difference in performance and the rationale behind the total score achieved. 2 Development of Pricing and R&D Allocation Strategy 2.1 Pricing Strategy The pricing strategy is largely used as the competitive force for the companies to achieve maximum market share in a particular marketplace. For instance, Apple Inc. uses the low-pricing strategy along with its innovative product catalogue to attract largest customer share of the global marketplace. In the study conducted in 2010, Blevins, Cunningham, Ivanova, Koke and Sullivan (2010) found that Apple Inc. has adopted an international price distribution strategy to achieve competitive advantage over its competitors; mainly the Microsoft. In this regard, it has a separate price strategy for each region whic h is consolidated and central in nature. Likewise, Tablet Development Corp.’s largest competitors are Acer, Apple, Samsung and Microsoft that are involved in the production and manufacturing of tablet computers and applications. In order to enter into the established marketplace, Tablet Development Corp. has to undertake the penetration pricing strategy. A penetration pricing strategy is used when the company has to enter into an established marketplace and to attract the market in a substantial manner through low-pricing techniques. After a while, the prices of the product are gradually increased with a strong focus on the product performance that is measured through the customer base and sales volume of each year. In the year 2012, the price of product X5 was set at the lowest possible price of $180 and it was increased by $5 every year. Similarly, the price of X6 was set at $300 only and was increased by $10 each year. The price of X7 was kept at $50 and is increased by $1 0 each year (See Annex 1). 2.2 R&D Budget Allocation Strategy Wind (1990) postulated that there are four purposes of R&D investment, namely: (1) Support and enhancement of existing products and services, (2) Line extension of existing products and services, (3) Discover new products and markets, and (4) Develop new products and services and market portfolios. The first two R&D activities are integral to keep the existing product catalogue of the company operational and thriving. This is a compulsory investment which varies

Unaccustomed Earth Essay Example | Topics and Well Written Essays - 250 words

Unaccustomed Earth - Essay Example It is a dazzling masterful work of a writer at the hit the highest point of her prowess. Lahiri investigates the life of immigrants deeply. However, immigrants are the wok’s protagonists, their insecurities, doubts, heartbreaks, and losses belong to us all. Lahiri has explored the secrets of the heart of a human being perfect. Lahiri's gift for the reader of this story is dazzling prose that confers greatness on the mundane events of life. However, it is her exploration of lost love that grants her the stories, as well as emotional exactitude writers, could hope to match. Jhumpa’s characters are immigrants of India and their children reared in America. They are exiles that bestride two countries, double cultures and gain neither. They have used too much freedom that they fail to acknowledge the conventions and rituals of home. At the same time, they are steeped to embrace American fully in

Abortion Should Be A Womans Choice Essay Example | Topics and Well Written Essays - 1250 words

Abortion Should Be A Womans Choice - Essay Example This substantially includes fighting for the women’s freedom to choose; especially those they think may be the best options for them in consideration of some circumstances or factors. This blog includes some social issues that could influence the choice for abortion as an alternative course of action among women. In particular, the proponent tries to establish the point that these issues are influential prior to the actual decisions of women to go for abortion or any other relevant means. In addition, this blog will serve as a way of information dissemination without showing any partiality, but just to demonstrate the reality why some women may probably result to abortion as a course of action. The problem Abortion is a controversial social issue because it does not only include subjects about the law, but directly concerns women’s health. This is a social issue that needs to be addressed because it deals with life. Concerning this, people have varying point of views, creating a need to establish or draw the line of understanding. The variation of points on abortion could stand as an ultimate problem because its existence could possibly lead to varied concerns and ideas. This would then raise a remarkable point whether abortion is part of the woman’s choice. However, such a choice must be backed up with relevant justifications and this is where the point of the proposed blog sets in. Discussion of activity A blog, which is attached in this article, could be a remarkable way to address some problems associated with abortion and the women’s choice to go for it. This blog disregards the associated personal belief about abortion, the issues of violence and illegality. In the following section is the proponent’s reflection on abortion, including some point of views that could be the bases of the course of actions or the kind of choices women should initiate concerning abortion as their personal choice. The proponent chose to use a blog because it is a remarkable opportunity not only to educate everyone, but could show the readers some perspectives that need substantial considerations prior to the actual choices or alternative course of actions concerning abortion and women’s choice to go for it. The creation of this blog relates to class materials because of the following reasons. First, this blogging activity concerns the studies about women part icularly on their specific and probable response to some issues. For instance, part of the issues concerning feminism is the idea about single parenting, by which a woman could raise a child by herself, an activity that has been proven by time (Shaw and Lee 31). Women nowadays could eventually do their own way to raise a family with the existence of single parents. However, this activity requires financial considerations. Women who are single parents have to shoulder everything all by themselves and they have to face the need to address health concerns that at some point would require consideration of financial matters in great detail. Second, this blogging activity tries to point out the idea that women need to be given the chance to decide what they might think good for them based on some existing situations. This is a highly political issue because this concept has long been discussed in relation to the idea about feminism. Feminist politics for instance has become a controversia l point and so the issue about abortion as a personal choice among women has become a significant component of this concern (Shaw and Lee 34). Third, this blogging activity also deals with the issue of health and poverty which have been part of the women’s life and their actual choice about abortion. This point remarkably considers the above two points,

Stages And Causes Of The Business Cycle Economics Essay

Stages And Causes Of The Business Cycle Economics Essay According to Burns and Mitchell(1946), who were the first that investigate the modern research methods of the economic fluctuations, economic fluctuations is a continuous model of recession, recovery, growth and decline of the economic activities around from a long-term trend. The continuous character of this model justifies the expressions cyclical fluctuations and business cycle although the movements have neither constant duration nor constant length. The perception that the economists had about the economic fluctuations changed with time and differs according to different schools of thought(the economic science is a social science and all the social sciences have political economy flavour). Before Keynes, the researchers of the economic fluctuations observed prosperity periods and crises periods. However, in 1930 economists understood that this discrimination didnt express the reality because during the growth period it is reasonable that there will be prosperity .However, it is also possible for the prosperity to coexist with unemployment , an indicator that is in the core of the crisis. That has an a consequence these two expressions (prosperity and crisis) to be replaced with the expressions peak and trough. The peak corresponds to the maximum point of GDP of the last time period of the economic growth. Similarly, the trough corresponds to the last time period where there is reduction in the economic activity. I would like to define and explain some terms that I will use to my later analysis and are fundamental in the understanding of the business cycle and the economic fluctuations. It is worth mentioning that the term business cycle does not only refer to one variable, for example the GDP which is the main indicator of the economic activity, but also refers to other variables like investment, consumption, expenditures, prices etc. Moreover an important point is that the variability of the economic fluctuations is not the same for all the variables. For example, the cycle of the investment has significantly greater variability than those of GDP. Another significant point that we will focus on later, is that if we use the GDP as the general rate of the economic activity then the other economic variables is possible to either commove or lead or lag the GDP cycle. Particularly, a variable commove with the GDP if the peak of the variable coincide with the peak of the GDP. If the peak of the variable is presented in time before the peak of the GDP then this variable leads the cycle of GDP. Otherwise, this variable lags the cycle of GDP. Furthermore, some variables move in the opposite direction. It is observed that the increase of the GDP is accompanied from decrease in unemployment. These variables are countercyclical. In the opposite case when the cyclical fluctuations are positively correlated with the cyclical fluctuations of the GDP(like consumption, investment, employment, the money supply and the money demand), we call these variables procyclical. There exist also variables that are neither positively nor negatively correlated with GDP and we call them uncorrelated (like real wages). Historical evidence and Theories The reasons of the economic fluctuations became the objective of extensive discussion from the 18th century. Before 1819 the classical economists rejected the existence of periodicity in the economic crises supporting that they are caused by uncorrelated externals factors (like a war).Jean Charles Leonard de Sismoni and Robert Owen were the first economists who after studying the Panic of 1825,they argued that overproduction and underconsumption were responsible for this economic crisis during the peacetime. In 1860, Clement Juglar identified the presence of medium-duration economic cycles (Juglar fixed investment cycle 7-11 years).Around a millennium later, other types of cycles were discovered. So there is a discrimination of the cycles according to their periodicity. The Kitchen inventory cycle which lasts from 3 to 5 years discovered by Joseph Kitchin (1923).The Kuznet infrastructural investment cycle (15-25 years) which was investigated by Simon Kuznets(1924).Very important was the contribution of Nikolai Kondratiev, which is known for his research about long waves of duration 45-60 years. The above mentioned economists intended to establish first the statistical existence of the cycles than interpreted them economically. Of course the answer to the question Why do the business cycles exist? is not easy and it depends on the economic and political school of thought. The classical economists (Smith, Ricardo, Mill, Marshall, Malthous, Pigou) consider that a change in the demand curve can be compensated by a corresponding change in the supply curve and reversely, and as a result the GDP deviates from its potential value which is expressed by the long-term trend. That is done through the price mechanism in the different markets (including the labour market, which classical economists found as a secondary importance phenomenon with transitive only character). As a consequence , prices consist the equalizing-corrective factor which guarantees the equality between the real and potential GDP and the avoidance of cyclical fluctuations. The Keynesian economists believe that the business cycle is the result of the changes in the aggregate demand. When price and inflation expectations are a bit inflexible then the swifts in the aggregate demand can cause large swings in real output. Furthermore, they aspire that the price mechanism is not enough to prevent the creation of cyclical fluctuations either from the demand or the supply side. From the demand side they think that investment and GDP do not correspond sufficiently to the increase of the money supply or the interest rate. As far as the supply is concerned, it cannot corresponds properly due to the rigidity in the labour market. That means that the wages cannot decrease more than to the point where it is determined exogenous by historical, social or institutional factors. The monetarists support that the price mechanism in the labour market is decisive for the mechanism that equalize the demand with the supply. According to their most eminent representative, Milton Friedman, the working population has asymmetric or incomplete information regarding the conditions that prevail in the general labour markets but they have complete information only for the labour market they are working. As a result the movement from the one labour market to the other that may equalize the supply with the demand is not possible, because of the lack of information. New classical economics are mainly associated with the work of Robert Lucas ,adopted Friedmans opinion ,regarding the lack of information in the labour market, but for this school of thought the expectations are shaped rationally , taking into consideration the current estimates for the recurrent evolution. According to Friedmans theory the expectations are shaping through the readjustment of the past errors. Provided that in Lucas theory the expectations are shaping rationally, then in the long-run the information errors approximate zero. Consequently, according to new classical economists and also Friedman the cyclical fluctuations owed to the information errors of the economic institutions regarding the accurate prices that equalize the supply with the demand. For Keynesian and monetarist economists the recessions indicate the failure of some markets to clear. There is another group of economists who claim that the recession is inside the structure of the economy, is an inextricable part of all economies. These economists introduced the real business cycles models (RBC models) which support that the existence of recession periods is the most efficient operation of the economy. The most popular economists of them are Finn Kydland and Edward Prescott (Chicago school) who were the winner of the 2004 Nobel Memorial Price in Economics for their contribution in the understanding of the business cycles(1982). This theory supports that the fluctuations are the results of real shocks in the economy like technological shocks .RBC models are based on supply shocks rather than demand shocks(like Keynesian theories) and they encourage the government to deal with long-run structural changing policies because according to them in the sort-run there is no thing that monetary and fiscal policy can do to control the fluctuations. Differences are observed not only in the creation frame of the cyclical fluctuations but also in the methodological frame. There are important differences between the older economists (1930-1950) and the newer. The recent theoretical models are formulated in uncertain environment (stochastic environment) whereas the older models were developed under certain conditions (deterministic models).In this important jump ,the contribution of the swift growth of econometrics and the technological advances is unquestionable . The empirical investigation of the business cycle, namely the statistical analysis of the data include the estimate of the duration, the variability and the intense of the cyclical fluctuations of particular macroeconomic variables such as GDP, consumption, investment, expenditures, prices etc. Moreover this study includes the investigation of lags ,leads, or the absence of correlation between this variables and the general rate of the economic activity which is the GDP. What is the business cycle? During the recession period ,the wages decrease and the unemployment level increases. On the other hand, when the recession period ends then the economy entries the growth period where the wages rise and the unemployment declines. The business cycle refers to the fluctuations to all the macroeconomic variables through time. We measure the fluctuations around a long-term trend. Mitchell (1913,1927) represented business cycles as a sequence of expansions and contradiction, particularly focused on turning points and phases of the cycle. These cycles are known as classical business cycles. Lucas(1977) defined the business cycle as the deviations of aggregate real output from trend. Lucas viewed the business cycle facts as the statistical properties of the comovements of deviations from the trend of the macroeconomic aggregates with those of real output. These cycles are known as growth cycles or deviation cycles. Although the term business cycle implies that the economic fluctuations are regular and predictable ,they are not. The more common are the recessions the more erratic they are. Sometime the one recession period is near the other. Sometime they abstain a lot. The problem of economic fluctuations can be clear looking at figure 1. The figure demonstrates the increase of the real GDP of the Greek economy for the period 1988-2008. If the economy had a 3% growth rate, that growth rate would not be smooth. The growth rate oscillate at 3% per year(this is the trend) as the straight line shows, but there are significant fluctuations from the trend. The recession periods are periods where the production of commodities and services decrease and it is represented in the graph with the negative growth rate of GDP. Concisely, we can say that the business cycle is the phenomenon of the recurrent fluctuations of the general economic activities that are observed in a period of time. Discrimination of the business cycles At one time, economists believed that the business cycle was regular with predictable duration, but nowadays we believe that the cycles is irregular with different frequency ,magnitude ,duration and different impacts on the economy. According to their periodicity and intense, the business cycles can be separated into: 1) Long-term cycle or Kondradiev cycle. The total duration is 50 years from which 20 years corresponds to the economic growth period ,then follows a 10 years stability period (at high levels) and in the last stage there are 20 years of recession. 2)Medium-term cycle or Juglar cycle. This cycle consists of an average7 to 10 years and it is usually referred as the business cycle. 3)Short-term cycle or Kitchin cycle. It is known as the commercial cycle and lasts 3-4 years. Stages of the business cycle Figure 2:The stages of the business cycle, Source: Wikipedia Joseph Schumpeter( ) was the first economist who supports that the Juglar cycle has four stages. Nowadays, all business cycles can be distinguished into four stages. The graph above is a diagrammatic representation of the business cycle. The stages of the business cycle and their main characteristics are the following: 1)Growth or expansion :at the beginning of this stage there is excess demand for commodities and services. In order the economy to produce them ,the output production and the employment should increase. Then the unemployment rate decreases and at the same time the GDP and the national income increase. The rise in total demand and production cause profits and the profits motivate people and industries to invest. However, as the expansion continues it causes an increase in the general level of prices, and the the first inflationist tendencies are obvious. 2)Peak :At the maximum point of the cycle the production and employment are in a really high level .Its the highest point between the end of the growth and the beginning of the recession. The economy reaches the full employment level and overconsumption is also observed. The GDP, the most important macroeconomic indicator is at the maximum point. However the prices become higher and higher and we can also perceive high inflation levels. 3)Recession or contraction: Recession is the period where the economy is shrinking. The characteristics of recession are the opposite from growth. In this stage there is a decline in the aggregate demand and a general slowdown in economic activity which lead the production to decrease. The GDP, the employment ,the inflation , the incomes fall during this period and in that pessimistic and uncertain environment there are no investment opportunities. If this stage lasts long and the prices continues to fall then deflation can appear.(deflation occurs when the prices are actually dropping-not disinflation) 4)Though: The though poses the end of the recession. The production is in its lowest level and the unemployment level is really high. Moreover the demand for goods is insufficient as the income level is really low and the inflation is high. The general enterprising climate discourages the investments and the majority of people and companies wait for the event that will end this stage. Causes of business cycle Many economists can agree that an ideal level for the economy is that of full employment(For James Tobin that means 0% level of unemployment, for William Beveridge that means 3% whereas for many other popular economists like John Maynard Keynes it fluctuates between 3%-10%). At this level all people who are able and are willing to work can find a job at the prevailing wage and unemployed workers can find work instantly. The inflation level is constant and all the inputs the economy can use, are producing outputs. The full employment level will rise when the population increases and when new technological developments are found. If nothing else disturbs the economy there is no reason why the economy come out from the full employment level. However, business cycles occur because disruptions to the economy shove the economy above or below the full employment level. The causes of the business cycles are distinguished between endogenous and exogenous. As endogenous reasons we can consider some variables which are determined out of the economic system like wars and revolutions, elections, changes in the price of oil, immigration, scientific developments, technological advances, financial bubbles. As endogenous reasons we mean the variables that are determined inside the economic system and they cause by themselves the business cycles. Some of them are: Monetary policies that attribute the fluctuations in the extension or the shrinkage of the money supply (Milton Friedman) The investment theories that are based on the interaction between the increase of the production and the investment.(Paul Samuelson) The theories regarding the labour market which attribute the economic fluctuations in the price stiffness(wages) (Robert Lucas) Shifts in the aggregate demand curve Shifts in the aggregate supply curve Monetary policy and economic fluctuations Taking into account the fact that investment is an important ingredient of GDP and the fact that investment is determined among other variables also by the monetary variables like the interest rate, we deduce that the monetary policy is a significant element of the economic fluctuations. Generally speaking, monetary policy is any policy related to the money supply. Monetary policy can cause recessions and booms. The interest rate is an important factor for the growth of the money stock. A company can cancel or postpone a financial or extension (investment the build of a new factory) because the cost of borrowing is high. Similarly, a consumer can cancel or postpone a new loan or the buy of the new house because the high interest rate can make this movement unaffordable. So the institution or the government that decide the interest rate for a country of for a group of countries (like Europe) can generate booms or recessions. There are two schools of thinking regarding the relation between the monetary policy and the economy. The Keynesian economists consider the private sector inefficient and unstable and support that the stabilization of the output can be done only by the intervention of the public sector. According to Keynes, the government needs to stress the fiscal policy actions and the central bank the monetary policy actions. The Keynesian economists support the government intervention especially during recession periods and the focus on boosting the government expenditures and decreasing the taxes in order to bolster up the aggregate demand. Nowadays, the current financial crisis is considered to be the worst since the Great Depression of 1930. All markets are suffering, many institutions ruins, many banks collapsed and the policy makers accept Keynes analysis after moving away the neoclassical models and governments and banks move to an unprecedented monetary and more fiscal expansion. The finan cial crises of 2008 has been characterised as the period of the resurgence to Keynesian economics. In growth period they suggest measures to decrease the aggregate demand such as increase of the interest rate. For Keynesian economists there is an indirect link between the GDP and the monetary policies. The other school of thought consists of the classical, new classical and monetarist economists who support the minimization of the government intervention in the economic activities. They think that governments role is to control the money supply and make the future expected expansions known to the public in order to reduce the inflation and has nothing to do with the demand. In addition this theory impose policies in favour of free markets. For both schools of thought the equilibrium is fundamental whereas their interpretation is different. For Keynesian economists the equilibrium expresses a situation where there is no tendency for change ,while for the liberals the equilibrium is a situation where the supply equals the demand. The question now is how does the monetary policies affect the real GDP according to these schools of thought? The Keynesian economists think that the monetary expansions rise the supply of loanable funds and that cause the decrease of the interest rate. The lower rates cause increase in the expenditures on investment and as a result the real GDP grows. They do not believe that the economy is always near the natural level of real GDP. On the other side, the monetarists argue that the money demand is stable and not easily affected to changes in the interest rates. In the short-run they support that the monetary expansions may increase the real GDP by increasing the aggregate demand. For them, the economy is not at or near the full level of real GDP except in the long-term where economy is operating at the full employment level of the GDP. In this case, monetary expansions can lead to persistent inflation (deflation: when the growth rate of GDP has a negative sign) and not to changes in the real GDP. Stabilization of economy imposing macroeconomic policies The appropriate macroeconomic policy can dampen the business cycle but do not eliminate it. It is observed that the macroeconomic policies that the government impose, have important influence to the short-term fluctuation of the output and the employment and as a result to the alleviation of the cycle : 1)Mainly directly through the government expenditures 2)Indirectly through the adjustment of the equilibrium between the consumption and the savings level (imposing taxes and monetary policies) In order to avoid the intense fluctuations of the output and the employment the government can impose fiscal policies and automatic stabilizers such as taxes and unemployment benefits. If the economy entries the recession period, the output and the unemployment increase. The unemployment benefits secure an income for the unemployed workers which bolster the aggregate demand from a sharp decrease of the income. Moreover, when the aggregate income decreases the total taxes income of the government also decreases and the disposable income remains constant. It is worth mentioning that the stabilizing policies which have not an automatic character are related to the lag problem, according to which the time of the delay in the detection of the problem or in the decision for intervention and activation of the policy, can contribute in the deterioration of the problem. The case of Greece Especially in this period, when Greece is facing several serious socioeconomic problems which have been enlarged due to the global crisis the implementation of a study concerning the investigation of the impact of the IMF, EC and ECB programmes for bailout will be of high contribution for policy makers, not only in Greece but in European Union in general. Greece, as one of the euro zone Member States faces economic problems which make borrowing by the markets not viable. The borrowing from the IMF, EC and ECB seemed to be the last resort borrowers for Greece. On the other hand the conditions under which the loans will be given to Greece will have a serious effect on the future for the entire Greek economy. All of the measures are oriented to the decrease of public deficits but concentrate only to the cuts of wages and salaries for the public servants, the pensioners and the employees of the private sector. This policy is expected to lead to the decrease of the demand site at present which will result in a further depression of the internal economy while in terms of current account for trade is possible to show better performance after the cut of the labour cost. Such expected results make the prognosis for the cost outcome for the entire economy at the completion of the program more interesting. Before continuing I would like to mention some serious economical-political events from the 1950 up to now which will help us to realize why Greece has so serious problems after the financial crises of 2008.Which was the economic conditions which lead the Greek deficit to be the highest in the Euro Area zone? How is it possible for a small country like Greece to have a public deficit of 300 billion Euros? From where they came from? However, Greece is not the only country whose budget deficit exceed 3% of the GDP which is a rule among the euro zone nations. But a look at the root of the deficit and the debt is important. I separate the time periods into four categories. 1)The Greek miracle 1950-1974 After the second World-War and the civil war (1946-1949) the Greek economy was destroyed and (recession period). There were no infrastructure, capitals, investment opportunities. The depreciation of drachma and the hyper-inflation deteriorate the economic situation of the Greek economy. The Marscall plan(1948-1951) and the Truman Doctrine(1947) helped the Greek economy as a large amount of capitals reinforced the Greek economy and in 1950 many macroeconomic variables(like output, investment level) become at the same level as before the second World War. However ,the inflation r eached the 10% and the Greek deficit the 25% of the GDP. From 1950 and afterwards the Greek economy began to recover rapidly. Afterwards the big depreciation of 1953 which took place for developmental reasons, the Greek Prime Minister undertook liberal economic policies releasing somehow the international trade while, because of the economic stability ,the Greeks began to entrust the drachma and to save up in drachmas instead of gold that was up to then the general rule. That increased the saving levels and at the same time contributed to the reduction of inflation. The Greek economy was in an unprecedented growth period and that lead to the Greek miracle. The destroyed Greece of 1948 began the decade of 1950 and 1960 to be developed with a growth rate that nowadays we can see only in China, that is to say growth rate around 10% each year. Greece had the most rapid growth rate (with Japan) in the all world. Greece signed customs union with the European Community of November 1962. Greece in 1960 knew a scary growth, new buildings, new streets, new factories, cheap workforce, big increase of productivity, big domestic investments from the savings that had begun from 1953. The paradise of each businessman and enterprises. At the period of dictatorship (1967-1974) the inflation was increased, the public debt was tripled, the growth was stopped abruptly and the corruptness of the government put barrier in European ambitions of Greece. 2)The postwar period 1974-1990 The change of regime found the Greek economy in stagnation and the international economy to be deplored. The liberal government followed tight economic policy without benefits, decreased little the inflation and Greece entries the growth period with the national product to be increased by 3%-4% per year. Moreover, the decade 1970 was the first petrol crisis and the Keynesian model starts to rock internationally. Greece had still enough margins of growth but this international conditions did not allow. Nevertheless Greece became member of the European Economic Community and the Greek economy late but regularly faces the international difficulties. That period the public debt was in the levels of the 28% of GDP. The next roughly 10 years the country will be sunk in a economic swamp and will come in front of enormous economic dead ends. The government changed in 1981 (-1989) and the socialistic government is in the wheel of the Greek economy. The big economic crises finished in 1982 but at the same time the inflation reached the 20% of the GDP, the public debt jumped in 1989-1990 to the 100% of the GDP while the government expenditures do not have any developmental vision and the deficits reached also the 20% of the GDP. The debt of 680 billion of drachmas in 1980 became 11 trillion of drachmas in 1990.In order to transfer this number in euros we could say that the 11 trillion that we owed in 1990 is the same like we say today 32 billions of Euros. That is to say the debt from 1990 up to today is 10 times higher in absolute numbers. Therefore from 1980 until today the debt has increased at 200 times reaching today the roughly 300-320 billion of Euros. The decade of 1980 Greece entered again a recession period where the productivity of work collapsed, the enterprises faced completely unstable economic environment while they had moreover to face strong trade unions, counterproductive labour culture, big increases of wage and restrictions in the increases of prices of their products. In addition the unemployment level from 2,4% in 1980 became 6,4% in 1990. 3)The neoliberal period 1990-2002 The liberal government (1990-1993) undertook tight economic policies but the economy could not come back in competitive orbit. The public debt had already a unverifiable ascendant orbit while the GDP remained stable because of the restrictive policies. That period began the first privatizations of public organisms. In 1994 the government became socialistic and after 3-4 years the deficits decreased, the inflation came back in one-digit number after roughly 20 years and the Minister of Finance attempted more privatizations than any other Minister of Finance in the world. That period, the effort in order to put Greece in the Economic and Monetary Union was intense. Thus, in March 1998 the drachma was depreciated and the European equivalent became 353,109 drachmas per Euro. While in 2001 Greece became a member of the IMF, the first revaluation of drachma took place and from 353,109 equivalence was shaped into 340,75. The growth jumped after a lot of years in 4%, the investment levels increased, the productivity of work increased, the unemployment decreased, the inflation approached zero and the debts declined. The public deficit continued to increase but no additional problems were caused as the GDP increased with positive rates. 4)The destructive period for Greece 2002-2010 As we saw in the theoretical study of the business cycle the growth period is followed by the recession period. The main element of this period, element that Greece could not manage, they are the low interest-rates. With the entry of Greece in the IMF the interest-rates that the citizens and the state were borrowed, fall dramatically. From 1997 many people and companies has begun to borrow from the banks. From 2001 and afterwards the government borrowed extremely high amounts from other banks in Europe. The public deficit increased more because of the Olympic Games of 2004 as a huge amount of capitals came from abroad. After the Olympic games and after 2-3 years expansive and social economic policy (2001-2004), the first structural problems appeared. The competitiveness of work began to fall, the growth rate began to decrease, the deficit and also the public debt increased. And as long as this vicious circle continued, the government continued to borrow in order to enfranchise social benefits in order to substitute the purchasing force that was lost because of the lack of competitiveness. Furthermore, the international conditions changed after 2001. The recession of the world- economies stopped Greeces growth opportunities initially. After 2003 the growth came back internationally, but Greeces weaknesses began to burden her backs. Consequently, late and regularly the lack of competitiveness, the increased public debt, the decreased productivity concerning the international competition, the big deficits ,the new economic crisis that began to appear from 2007 brought the Greek economy in a new precipice. The chart below represents the root of the Greek deficit as % of the GDP. Description of the methods for the estimation of the business cycles In this chapter the interest is focused on the basic characteristics of the main macroeconomic variables of the Greek business cycles.

The Scarlet Sharer :: essays research papers

The Secret Sharer written by Joseph Conrad, centers around a character of a sea captain. Its title and opening paragraphs forecast a story of mystery, isolation, duality, darkness and silence. The novel proves true these predictions reveling thematic and image patterns directly proportional to them. The opening of the novel further reveals dialectics in the novel. The clash between the private and the public world or man versus society, in other words is the primary dialectic. The journey theme or the rite of passage theme also reveal themselves. We see a young and inexperienced captain grow and explore himself and the world around him, and in the process becoming a functional member of a society. The novella may be only fifty pages long but its words speak volumes.The first indication of a course that a novel may take is its title. The three little words contained in the title give rise to many interpretations. An image generated by the title could be that of a gossip. Since a gossip is someone who tells people's secrets, or in other words is a secret sharer if the word secret is taken for a noun, it is a possibility that this image might come to mind. Another image is that of a person who shares in secrecy, therefore becoming a secret sharer, if the word secret is taken for an adjective. This could be an image of a miser, who generally does not share his wealth, but does so only in secrecy. A secret sharer could also be an imaginary friend. It would be a person who is secretive, and you share your thoughts with them. A Biblical interpretation of the secret sharer could be that of the snake in the garden of Eden. Since the snake shares the ultimate secret of knowledge with Adam and Eve, it could be considered a secret sharer.The connotations of the two main words in the title show a contradiction. A secret has a mysterious somewhat evil connotation, while a sharer has a benevolent and good connotation. This gives rise to a possibility of a good and evil dialectic. The denotation of secret is something kept private, sharing is, however, a public act. This brings to light the dialectic of the public versus the private world.The opening paragraphs bring to life the world of the work. The place where the characters move and have their being is a sail ship in this novel.

Antigone Romeo and Juliet

Allusion between Romeo and Juliet and Antigone For years there have been discussions if in fact Shakespeare re-created material found in previous literature. Though, whether or not, he did Shakespeare created an effective allusion to Sophocles’ Antigone, the Greek tragedy. In Romeo and Juliet we see the love of two people, and the ones who pull them apart, then we see their final fate. In Atigone we see a lot of the same context which brings us to the main three ideas that make up the themes of these marvelous plays, love, government, and fate. One of the biggest parts of what makes these plays so intriguing is love.Love can be a very gripping theme in any type of literature, which is why Romeo and Juliet is known as one of the greatest novel of all time. What many people do not know is the similarities between Romeo and Juliet and Atigone. In Romeo and Juliet they are definitely meant to be together but their families’ controversy makes it very difficult which makes th em go behind their families’ backs. In Antigone, Antigone and Hamion are also meant to be together but, because of the controversy between Antigone’s brothers one was left without a proper burial.King Creon declared that no one must bury him, and Antigone decided to go against him for the love of her brother. Antigone was then caught and sentenced to death which separated Antigone and Hamion’s love. In Romeo and Juliet there is also a crime that separates their love, Romeo avenges the death of a friend and ends up killing Tybalt, which is then sent into exile. As you can see in both plays there is a dramatic action that sends a love one away. In Antigone Hamion is deeply saddened by what has happen to Antigone so he visits her dead body in the cave and takes his life. Before he does though he says, â€Å"

Information Technology Computer Software

Information Technology Computer Software Information technology has contributed much to the modern appearance of the world. This is because, many people from diverse areas can effectively communicate instantly with the use of advanced information technology. Information technology constitutes various areas such as computer hardware, information systems, programming languages and computer software.Advertising We will write a custom article sample on Information Technology: Computer Software specifically for you for only $16.05 $11/page Learn More Computer software differs from the hardware components of a computer because it cannot be touched. In a firm which deals with computer hardware there are more people on software programming than those in hardware design. Smaller hardware necessitates the introduction of more software applications that are required to help connect the components of the hardware. Software was initially linked to the hardware by the Original Equipment Manufacturers. This was t o enable customers to buy the smallest computer in the market, and have the Original Equipment Manufacturers’ engineers install the required software. Computer software is a set of computer programs that instructs the computer on what to do and how to do it. It uses various programming languages to come up with these instructions. These instructions are in a form of a code that automates some hardware activities. By using these codes, one is able to perform several operations and reach so many people within a short period of time. These codes are executed when a user inputs something into the computer, and the result is thereof obtained (Hally, 2005). Computer software has gained wide application from the rapidly changing technology. It has many areas and sectors using it. For instance, in the business sector, it has contributed so much. It has increased business profitability by reducing costs through the use of software in processing data, invoicing and payroll. Also it is profitable in that, it has improved distribution through online stores and thus creating new market opportunities. By the use of software spreadsheet, employees are able to concentrate on value added tasks rather than the routine tasks (Blais, 2011). Computer software has hence gained popularity in the business sector. Computer software has also contributed to effective learning as various people who are not able to travel to certain regions can access lessons that are offered online. Also, students from diverse areas are able to communicate effectively with each other, thus sharing ideas and helping each other in project development.Advertising Looking for article on it? Let's see if we can help you! Get your first paper with 15% OFF Learn More This is achieved through configuration of computers in a certain geographical area so as to share resources like databases and programs. Trainers can also offer training programs online and hence reach so many trainee s without necessarily moving to where they are. This has greatly reduced costs such transport and accommodation costs. Business men are able to reach so many customers in diverse locations. They can advertise their products and also collect views from customers concerning their products. Some software enables business men to create a forum for the customers to freely express themselves as they can access the businessmen by a single execution of a command (Longley Shain, 2012). Information technology has truly contributed to the advancement of the computer software, which has so many applications in the current generation. It helps in promoting the globalization of the world to be virtually a small area that can be reached easily. Also various programming languages which have been used to automate multiple works have led to simplification of work that could have been difficult to do manually (Webster Robins1986). References Blais, S. (2011). Business Analysis- Best Practices for Su ccess. New Jersey: John Wiley and Sons, Inc. Hally, M. (2005). Electronic brains/Stories from the dawn of the computer age. London: Granta Books. Longley, D. Shain, M. (2012). Dictionary of Information Technology 2 ed. New York: Macmillan Press. Webster, F Robins, K. (1986). Information Technology- A Luddite Analysis  (Communication and Information Science).Norwood NJ: Ablex Publishing.Advertising We will write a custom article sample on Information Technology: Computer Software specifically for you for only $16.05 $11/page Learn More

Never Fogotten Hitler essays

Never Fogotten Hitler essays There are many people that say it never happened but there is no room for denial in a topic like this. The holocaust did happen and it was a terrible thing. There are so many wrong things that happened during the holocaust. One of the worst things I believe that happened were the murders and killings. Many millions of people were killed in every possible way. The murders were done by every means imaginable, but most of the victims were killed by shooting, starvation, disease, and poison gas. Others were tortured to death or died in horrible medical experiments. The holocaust was the extermination of the Jews and other people who Hitler considered lower. It is one of the world's biggest destructions that caused the murders of millions of Jewish people, which took place during WWII. The Holocaust directed by the Nazi Empire destroyed millions of lives and created questions about mankind that may never be answered. Many psychological effects caused by the Holocaust forever changed the way the Jewish people view the world and themselves. Jews were not the only victims of the Nazis during World War II. The Nazis also imprisoned and killed people who opposed their government on grounds of beliefs. This included Germans who were mentally impaired or physically disabled, homosexuals and captured Soviet soldiers. German dictator, Adolf Hitler wanted a new order for Germany and his so called Aryan race. As apart of achieving his ultimate goal, he would have to eliminate any and all other inferior races. This evil plan later became knows as the Holocaust. Hitler, with the aid of the Nazis and concentration camps, brought terror and devastation to the Jewish communities of Eastern Europe. In the 19th century, Jews in most European countries were emancipated. They were granted rights equal to those of the Christian citizens or subjects of those countries. The Industrial Revolution was under way, and Jews began playing a ...

Quality and Supply Chain Management Essay Example | Topics and Well Written Essays - 1250 words

Quality and Supply Chain Management - Essay Example The knowledge obtained by basic research will be used to solve investments problems. It will be necessary to evaluate production (storage) capability in term of efficiency, planning and control and inspection methods. Also, it will be necessary to evaluate technical capability: the quality of facilities for design and develop ­ment, production and testing to see if they could ensure quality of output at all stages of distribution; financial capability - to see how stable they are financially and the credit rating of the company; management capability - to see how efficient are the suppliers adminis ­tration systems (Slack et al 2003). According to current analysis, Canbide’s competitors already have distribution facilities near New York. In order to remain competitive, Canbide has to ‘enter’ this region proposing high quality services and low cost transportation for customers. Similarly, the search for competitive advantage will only be successful if based on a strategy of meeting customer needs more effectively than can competitors. This concept of differential advantage lies at the heart of strategic marketing. Distribution facility near New York will help to keep existing customers and attract new clients. For Canbide, cost of transportation facilities has a great impact on ‘project’ profitability and liquidity. If a company needs to deliver goods locally, trucks are an excellent mode. Also, it can be used for both long-haul and transcontinental transport. In regions with well-developed highway systems (in this region there are three interstate highways that lead to major population canters), truck freight provides the highest level of accessibility of any mode. It is important to note that trucks are the main transports used by customers. For this reason, the new facility will help most of them to minimize product transportation (Slack et al

Relationship between systematic theology and christian ethics Essay

Relationship between systematic theology and christian ethics - Essay Example Christian ethics is mainly guarded by the biblical scriptures and other sacred teachings. In essence, ethics plays a significant role in molding people’s behavior and way of life. In addition, ethics aids in bring order in the society and ensuring that everyone acts accordingly in areas of resident, social gatherings and places of work. In this essay, investigation of the assertion that, there exists a certain relationship between Christian ethics and systematic theology is going to be investigated. Both disciplines focus on instilling good moral values to Christians. In fact, the core objective of these two fields of study is to enhance upright moral behaviors for Christians. For instance, Fedler (2006) argues that Christian ethics provides a guideline on how Christians should conduct themselves in private and public places. Similarly, systematic theology explores the Christian behaviors in order to set a platform for proper application of the Christian ethics. In essence, the two work hand in hand in building and developing the Christianity base. Christians are expected to be good ambassadors of Christ by acting according to the provisions of the bible and other holy texts. According to Christian ethics, a Christian should be an individual whose character is admirable to the members of the society. Actually, Christians should behave in such a way that non-Christians envy to emulate their character. The advancement in technology and education has eroded the good human morals a nd, therefore, systematic theology and Christianethics need to be applied together in order to restore and uphold acceptable morals in the society. According to Jenson (2001), systematic theology is not only an endeavor for Christianity knowledge but also an exposure to God’s truth on humanity. Through systematic theology, people are able to understand the reasons why God ordered some things to be done the way they are done and, this aids in building a well-founded