Creative and Critical Thinking 2 Essay - 704 Words

Creative and Critical Thinking II 1. Have you ever changed a strongly held attitude? What caused the change for you? I have only experienced a shift in my personal beliefs once: at one point in time I believed I was relegated to working in a factory, now I do not have the same belief. I believe that the shift in my attitude was due to an internal growth; I became more self-aware after my father passed away. I looked at my father, and all he had done, and began to believe that I was capable of the same amazing personal success. 2. Do you believe that you are free of prejudice? After reading this chapter, which of the many factors that cause prejudice do you think is most important? No one in this world is truly free of prejudice;†¦show more content†¦In other words, if the students pretending to be guard, or inmate could adjust to the role so quickly, it is easy to see how the power would go to the guards head at Abu Ghraib. The similarity is that the guards were a group, and the prisoners were a group. The guards had the power. The inmates were abused for the slightest misstep, and that seemed normal to the guards. 5. Have you ever done something in a group that you would not have done if you were alone? What happened? How did you feel? What have you learned from this chapter that might help you avoid this behavior in the future? I attempted to teach my friend how to drive when I was 16. There were four of my friends in the car when the lesson began. The car was totaled. My friends were hurt, I was hurt. I felt horrible as a juvenile for being responsible for that accident. I have learned that you should never listen to what a group of people is saying to you; you should think for yourself. Groupthink is a terrible thing. 6. Can you think of situations when the egoistic model of altruism seems most likely correct? What about the empathy-altruism hypothesis? According to the text: the egoistic model of altruism is a behavior that a person displays because he would like to have the same favor done for him, or would like to alleviate guilt. The egoistic model of altruism is something that a person might use when donating money at his company for a cause, or helping with a charitable event. NotShow MoreRelatedCritical and Creative Thinking Essay676 Words   |  3 Pages Critical and creative thinking are fundamental to human intellectual progress and artifacts thereof (Dewey, Elder, Csikszentmihalyi, Rosenman, Gero, 2012). Critical and creative thinking are considered higher levels of thought because while it is believed that critical thinker primarily uses the left-brain and a creative thinker primarily uses the right-brain, both types of thinkers tend to think outside the box, but in different ways. 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Financial Cycle And Curve Macroeconomics - MyAssignmenthelp.com

Question: Discuss about the Financial Cycle And Curve Macroeconomics. Answer: Introduction The Australian economy is considered one of the most developed economies in the contemporary global framework and is characterized by the presence of a robust mixed economic structure. The most prominent trait of the economy is stability and consistency in the growth trends of its economic indicators like GDP, employment and price levels. The country has a considerably big service sector and a booming industrial and commercial sector, which clubbed with the productive international relationships of the country; helps immensely in keeping the growth trends stable (Dyster and Meredith, 2012). The concerned report, tries to analyze the growth trends of the overall economy of the country, between 1990 and 2015, taking into account the primary economic indicator of growth, the GDP and the determinants of the same, including inflation, unemployment rate, net exports, interest rates and the exchange rate (Ravenhill, 2017). By studying the trends in these indicators and their inter-relationships, it tries to interpret the policy implications and the outlook of the economy of Australia, in the light of the existing economic theories and conceptual framework. Economy of Australia: Macroeconomic Evaluation The most widely used economic indicator of growth in any country is the growth in the Gross Domestic Product of the country, which is the sum of the money values of the final commodities and services produced in the geographical boundaries of the country. The same, in turn is affected by the dynamics of several economic indicators, the effects being both direct as well as indirect. Of these, the crucial ones are unemployment rate, inflation rate, exchange rate, net exports and the interest rate and cash rate prevailing in the economy (Mankiw, 2014). The report, in order to evaluate the macroeconomic performance of the concerned country, considers the Real GDP statistics of the country in 1990-2015, the same being an inflation-adjusted measure of GDP. In the calculation of the same, a stable base year is taken. In Australia, the Real GDP has maintained a more or less stable average of 3.1%, in spite of presence of occasional fluctuations from time to time (Borio, 2014). The following section of the assignment shows the relationship between the Real GDP and the above-mentioned five economic indicators in the country. The correlation among these indicators can be seen from the following table: Table 1: Correlation between the Real GDP and other economic indicators in Australia Correlation between Real GDP and other economic indicators Real GDP growth rate Cash Rate Unemployment rate Rate of inflation Exchange rate Net exports Real GDP growth rate 1 Cash Rate -0.08 1 Unemployment rate -0.13 0.28 1 Rate of inflation -0.03 0.64 -0.23 1 Exchange rate 0.20 0.04 0.26 0.08 1 Net exports 0.23 0.26 0.55 -0.02 0.85 1 (Source: Based on Data from World Bank: Data.worldbank.org, 2018) Real GDP and Unemployment Rate The economic welfare of a country and its residents in particular is the employment scenario and its dynamics in the country over the years. This is because much of the welfare of people and prosperity of the economy depends on the income in hand and purchasing powers of the residents. In this context, the rate of unemployment in the concerned country has been moderately stable over the concerned period, with the average rate hovering around 6.8%. However, there has been occasional fluctuations in the same, the highest being 11% (1994) and the lowest 4.4% (2008). In general, with an increase in GDP, productivity and job creations in a country are expected to increase, which indicates towards the negative relationship between the GDP and the rate of unemployment in any country (Mavromaras, Sloane and Wei, 2015). In Australia, this trend is observed in reality with the correlation being -0.13, with the trends of the same being as follows: Figure 1: Trends in Rate of Real GDP and Unemployment (1990-2015) (Source: Data.worldbank.org, 2018) As is evident from the above figure, there exists a more or less negative relationship between the growth rate of Real GDP and rate of unemployment. Over the period, the GDP growth rate has been seen to maintain a stable positive trend, with occasional fluctuations and the rate of unemployment is seen to decline substantially. This indicates towards the impressive increase in the employments in the country, the same rising to as high as 12.5 million in the contemporary period. This can be related to the more than expected increase in the rate of labor force participation in the country. Real GDP growth rate and inflation rate The overall level of price existing in an economy, at a point of time, is another important determinant of the economic welfare and situations of the residents as well as the country. This is primarily because much of the demand and supply dynamics in the economy are dependent on the price levels existing in the economy, the dynamics of which is measured by the rate of inflation in the country. Very high and very low inflation rates can both adversely affect the economy of the country and its residents. In general, high productivity increases the income in hand of the residents of the country, thereby increasing their demand and driving up the average price levels of the country, thereby indicating towards a positive linkage between the inflation and the Real GDP growth rate (Agnor and Montiel, 2015). The inherent stable economy of Australia has kept its inflation rate at a moderately low level of 2.7%. The rate, however, had considerable fluctuations, especially between 1990 and 2000, much of which can be attributed to the successive periods of high prices and aggregate demand and acute recessions within this period. The relation between the concerned variables, is however seen to be negative for the concerned country, with the correlation being -0.03. Figure 2: Rate of growth of Real GDP and Inflation (1990-2015) (Source: Data.worldbank.org, 2018) The above figure shows that there has been considerable fluctuations in both the indicators in the govern period of time, however, the overall trend of relationship between the two indicators in found to be negative, which is opposite to the assertions of the existing economic theory. The negative relation between the growth rate of the Real GDP of Australia and the inflation rate of the same can to some extent be explained by the presence of high debt burden in the country in the period taken into consideration (Kumar, Webber and Perry, 2012). This is because, the presence of a high debt with a high rate of inflation have negative implications on the GDP statistics of the country, which can be seen from the above figure. Real GDP and the cash rate Cash rate in a country, is usually the rate of interest, which is charged by the Central Monetary Authority of the country from the commercial banks on the loans taken by the latter from the former. In Australia, the same has maintained an average of 5.63%. However, the rate was excessively high in 1990 (15.23%) due to the implementation of a contractionary monetary framework by the government of the country. In the recent periods, the rate has been significantly lowered by the RBA to 2.13% (2015). A decreased cash rate is usually accompanied by an increase in the demand for money, which in turn indicates towards increase in the investment as well as economic growth in the country. Often the monetary authorities of a country deliberately keeps the cash rates lower in order to increase the liquidity of money in the country, thereby stimulating economic growth. Therefore, there is supposed to be a negative relationship between the concerned two variables, which can be seen from the fol lowing figure: Figure 3: Real GDP growth rate and cash rate (1990-2015) (Source: Rba.gov.au, 2018) From the above figure, the presence of an inverse relationship between the Real GDP growth rate and the cash rate of the country is evident, which is also supported by the correlation estimate between the two variables, which is observed to be -0.08. Over the last few years, the cash rate in the country has significantly decreased, the same being deliberately done by the RBA to facilitate investments in the economy. This is seen to be accompanied by the stable increase in the growth rate of the Real GDP, which is primarily attributed to the increase in the residential and asset investments as well as an increase in the overall demand in the country. This thereby justifies the decision of the RBA to keep the cash rate at a lower level than normal (kovrnek, Podlubny and Petr, 2012). Growth rate of Real GDP and exchange rate Much of the economic growth of a country is dependent on the trade and commercial sector of the country, which in turn depends on the exchange rate dynamics of the country. The exchange rate is the valuation of the domestic currency of a country measured in terms of a foreign currency, usually the US dollar. In general, with the increase in the exchange rate of the country, there occurs a devaluation of the domestic currency, which in turn facilitates exports, thereby contributing positively to the economic growth of the country. Thus, theoretically, the relationship between the growth rate of the Real GDP and the exchange rate of a country is expected to be positive (Diebold, 2012). The empirical evidences present in the economic trends of Australia support this, as within the period of concern, the correlation between the same is seen to be 0.20. Figure 4: Real GDP growth rate and exchange rate (1990-2015) (Source: Rba.gov.au, 2018) The exchange rate of the country has moderately remained between USD 1 and USD 2. This is seen to be clubbed with a stable growth rate in the Real GDP in Australia in spite of its fluctuations in the same. The exchange rate has however favored the country to expand its export sector considerably, as with time the economy has set up productive and bilateral trade relations with almost all the major economies of the world (Manalo, Perera and Rees, 2015). Real GDP growth rate and net exports The surplus value of the goods and services, which a country exports to other countries over the value of the goods and services imported by the same, gives the estimation of the net exports of country. If the net export is positive, then that indicates towards the presence of a higher export share in the country than that of the import share, which in turn has positive implications on the economic growth of the country, measured by the GDP. Thus, there is supposed to be a positive relation between the net exports in the country and its GDP, which is seen to be holding in case of the Australian economy in the period considered. The correlation between the same is found to be 0.23, which is fairly positive. Figure 5: Growth rate of Real GDP and Net Export dynamics (1990-2015) (Source: Data.worldbank.org, 2018) As can be clearly observed from the above figure, over the years, the net exports in the country has remained marginally positive, barring the period after 2009, where several negative troughs can be observed. This deficit in the net export balance has mainly arisen due to the increase in the import demand for various consumption goods as well as raw materials for the purpose of production. Apart from that the positive relation between the two concerned indicator is valid as can be seen from the stability growing real GDP of the country over the years (Makin and Narayan, 2013). Inflation and Unemployment The two vital economic indicators in any country, the inflation and the rate of unemployment are in general inversely connected to each other, which is asserted by the Phillips Curve theory. The theory suggests that when the economy of a country progresses, the production in the country increases, which in turn leads to increase in the job scopes and employment, thereby reducing the unemployment rate. However, this is followed by an increase in the aggregate demand in the economy, which raises the average price level, thereby increasing the inflationary pressure in the country. Figure 6: Relation between inflation and unemployment: Phillips Curve (Source: Daly and Hobijn, 2014) The above assertions of the Phillips Curve theory is found to be highly relevant for the economy of Australia, as the correlation between the two variables in the considered period is found to be -0.23. This can be seen as follows: The dynamics of the two variables for the country is seen to be highly inverse, for most of the times in the concerned period. However, there have been some exceptions in the dynamics, especially in 2002-2005, where both the indicators are seen to be falling. This can be related to the strategies taken by the RBA during that period, which had bilateral objectives of maintaining moderate rates of both the indicators for maximizing the welfare of the country as a whole (Daly and Hobijn, 2014). Contractionary Monetary Policy Framework The monetary policy framework existing in the economy has seen considerable fluctuations in the time period concerned. In general, the RBA has taken tight monetary policies when the overall inflation rate has been high in the economy, like in the 1980s. During this time the tight monetary policy taken increased the cash rate to as high as 15%. This by decreasing the liquidity took the economy on the path of acute stagnation and recession. Tight monetary policy was again taken in 2004, to combat the increase in the overall demand, which was increasing the price levels in the economy. Future Outlook of the economy The economy of Australia shows mixed trends in its future growth trends. While on the basis of the present trends it can be expected that the GDP growth rate of the country will be varying between 2.5% and 3.5% in the coming few years, however, in the coming period the wages are expected to grow at a moderately low level (Oecd.org, 2018). This in turn will also keep the rate of savings low. This is also expected to be clubbed with a low cash rate, which the RBA is expected to be keeping low deliberately (Sheehan and Gregory, 2013). This may in turn help in increasing the rate of investment in spite of an expected low rate of savings. The low wage rate is supposed to keep the inflationary pressure low. The risk for recession in the future is also expected to be decreasing. Conclusion The economy of Australia has over the years, shown stable and consistent economic growth as can be seen from almost all the vital economic indicators present in the country. There has been a more or less stable growth rate of the Real GDP of the country, which has however been affected by several economic indicators, both positively as well as negatively. However, in spite of these variations and fluctuations the economy of the country is expected to be growing at a stable pace in the coming years. References Agnor, P.R. and Montiel, P.J., 2015.Development macroeconomics. Princeton university press. Borio, C., 2014. The financial cycle and macroeconomics: What have we learnt?.Journal of Banking Finance,45, pp.182-198. Daly, M.C. and Hobijn, B., 2014. Downward nominal wage rigidities bend the Phillips curve.Journal of Money, Credit and Banking,46(S2), pp.51-93. Data.worldbank.org (2018).Australia | Data. [online] Data.worldbank.org. Available at: https://data.worldbank.org/country/australia [Accessed 23 Jan. 2018]. Data.worldbank.org (2018).Inflation, consumer prices (annual %) | Data. [online] Data.worldbank.org. Available at: https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?locations=AU [Accessed 23 Jan. 2018]. Data.worldbank.org (2018).Unemployment, total (% of total labor force) (modeled ILO estimate) | Data. [online] Data.worldbank.org. Available at: https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS?locations=AU [Accessed 23 Jan. 2018]. Diebold, F.X., 2012.Empirical modeling of exchange rate dynamics(Vol. 303). Springer Science Business Media. Dyster, B. and Meredith, D., 2012.Australia in the global economy: Continuity and change. Cambridge University Press. Kumar, S., Webber, D.J. and Perry, G., 2012. Real wages, inflation and labour productivity in Australia.Applied Economics,44(23), pp.2945-2954. Makin, A.J. and Narayan, P.K., 2013. Re-examining the twin deficits hypothesis: evidence from Australia.Empirical Economics, pp.1-13. Manalo, J., Perera, D. and Rees, D.M., 2015. Exchange rate movements and the Australian economy.Economic Modelling,47, pp.53-62. Mankiw, N.G., 2014.Principles of macroeconomics. Cengage Learning. Mavromaras, K., Sloane, P. and Wei, Z., 2015. The scarring effects of unemployment, low pay and skills under-utilization in Australia compared.Applied economics,47(23), pp.2413-2429. Oecd.org (2018).Australia - Economic forecast summary (November 2017) - OECD. [online] Oecd.org. Available at: https://www.oecd.org/eco/outlook/australia-economic-forecast-summary.htm [Accessed 23 Jan. 2018]. Ravenhill, J. ed., 2017.Global political economy. Oxford University Press. Rba.gov.au (2018).Cash Rate | RBA. [online] Reserve Bank of Australia. Available at: https://www.rba.gov.au/statistics/cash-rate/ [Accessed 23 Jan. 2018]. Rba.gov.au (2018).Historical Data | RBA. [online] Reserve Bank of Australia. Available at: https://www.rba.gov.au/statistics/historical-data.html [Accessed 23 Jan. 2018]. Sheehan, P. and Gregory, R.G., 2013. The resources boom and economic policy in the long run.Australian Economic Review,46(2), pp.121-139. kovrnek, T., Podlubny, I. and Petr, I., 2012. Modeling of the national economies in state-space: A fractional calculus approach.Economic Modelling,29(4), pp.1322-1327.

Is the term a dead butcher an adequate description of Macbeths character Essay Example

Is the term a dead butcher an adequate description of Macbeths character Paper A butcher conveys an image of someone who retails meat for a living and so slaughters or dresses meat. This kind of butcher has no feelings and no consequence to his actions. Another kind of butcher is the kind that kills indiscriminately or brutally. This kind of butcher would perform his actions cold bloodedly. An example of this butchery is when Hitler massacred millions during the 1940s. At the beginning of the play, Macbeth is courageous and brave, his fighting skills and generalship have allowed him to win the battle against the most disloyal Thane of Cawdor. In the beginning of the play Macbeth is a most worthiest cousin. He is respected by his army for his bravery and savage fighting skills, killing Macdonwald like valours minion. Even from the start his savage and terrifying fighting skills are portrayed, suggesting that he is a warrior but at the start he only fights because it is his job, like the butchers job is to dress meat. Macbeth has a vivid imagination and is greatly superstitious so when the witches prophesise that Macbeth will be Thane of Glamis, Thane of Cawdor and most importantly king hereafter. He is rapt withall because his thoughts have been put into words, showing that even before he met the witches he had great ambition. The witches influence his uncontrollable imagination so much that before the actual murder his function is smothered in surmise. We will write a custom essay sample on Is the term a dead butcher an adequate description of Macbeths character specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Is the term a dead butcher an adequate description of Macbeths character specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Is the term a dead butcher an adequate description of Macbeths character specifically for you FOR ONLY $16.38 $13.9/page Hire Writer When it is so active it creates present fears which are less than horrible imaginings. Macbeth has been spurred into believing or considering the take off (an euphemism) of Duncan. Shakespeare creates the witches, as if they are a physical embodiment of evil, even part of Macbeths evil, however the witches only catalyse Macbeths fate. The fact that Macbeth is linked to the witches at the very beginning as he repeats the words fair and foul and day, immediately suggests that something sinister will happen to Macbeth. His vivid imagination contributes greatly to the murder of Duncan, Macbeth believes he must follow an air drawn dagger these imaginative hallucinations become intense and highly figurative as he contemplates the murder of the king. Lady Macbeth can also be considered as Macbeths partner of greatness at the beginning of the play. As Lady Macbeth recognises that he wouldst be great if Macbeth was not an innocent flower but the serpent undert. Lady Macbeth therefore, wants to be full of direst cruelty so that she can prick the sides of his intent. Lady Macbeth goads Macbeth into the murder by playing upon his manhood finally persuading him to commit the murder. Macbeth was originally going to leave becoming king to chance but when Malcolm is named Duncans successor he believes he must oerleap this obstacle His indecisiveness shows at this point that he is not a butcher. Firstly he believes that Duncan hath honoured him of late but because of Macbeths vaulting ambition, the overmastering wife, Bellona (the goddess of war, Macbeth is named Bellonas bridegroom at the beginning of the play suggesting that at this point it was Lady Macbeth that was the stronger of the two.) and the influences and prophesies of the weird sisters he commits the dreadful deed The killing of Duncan shows that his conscience was not strong enough. He does, however, at this point show some remorse. He was troubled by the contemplation of tyranny and by the actual murder. He even shows a hint of insanity as he becomes obsessed that blood will have blood and so forth becomes deluded that more murders will secure his position on the throne. The deterioration of Macbeths character begins as he starts his series of murders. As well as killing Duncan he kills the guards in the first of the many vain attempts to distance himself from the consequences of his actions in murdering the king. He is a moral coward, he fears Banquo, due to Banquos stronger spirit, royalty of nature something Macbeth lacks, as well as being ignorant of the fact that Banquo has kept his bosom franchise and allegiance clear Because of this Macbeth orders the murder of Banquo and his son, Fleance. While the murder is being carried out Macbeth is ruthless enough to urge his wife to honour Banquo as the chief guest. Macbeth cannot wait until after the banquet to hear the report as to whether the murderers have succeeded in their task, he takes a great risk, as there are many guests at the banquet. The ways in which Banquo and Duncan are killed with gashes to their head suggest a theme of butchery in Macbeths character. After these murders he needs the witches encouragement and reassurance and so when they prophesise that no man of woman borne will harm Macbeth he is given the faith to go on with his charmed life Macbeths brutality exemplifies his butchery in the vow to slaughter all unfortunate souls that trace Macduffs line. He murders Macduffs wife and babe in a frenzied spite. Shakespeare uses a family scene of a mother and son, before the murder, to provoke great empathy for them when they are killed. This murder is done in cold blood and shows that at this point Macbeth is a homicidal tyrant. The murder is made even more dramatic by the fact that the mother and child are innocent; it is Macduff that posed a threat to Macbeth, because he was from his mothers womb untimely ripped. Scotland also suffered from Macbeths boundless cruelty; in contrast to the noble Macbeth at the beginning of the play he is seen as a devil abhorred tyrant who is mad. Malcolm describes Macbeth s rule to cause great suffering for Scotland each new morn new orphans cry shows Macbeths cruelty. Ross says that sighs and groan rent the air, showing how Macbeths ruling has had great effect on the country. Macbeths character is at its lowest; this is the point in which we have no sympathy for Macbeths actions. However, the action that shows that a butcher is not a fully adequate description of Macbeth is when Macbeth shows some remorse and courage. Even though Macbeth knows that he is beaten as all the predictions have come true Macbeth vows to fight even though he is now weary of life stepped in so far it would be easier to go on as to go back. After Lady Macbeths death he sees no meaning to his life, he uses constant repetition of tomorrow and tomorrow and tomorrow to show how empty he sees his life. In trying to attain his kingship it has left him with nothing, his dearest love has died and he has lost the will to live. We cannot condemn Macbeth as he shows remorse; in that he is reluctant to fight Macduff because of what he has already done to his family and that he is not of woman borne. Macbeth believes that the witches have tricked him and so Macduff says that unless he fights he will be shown as rare monsters were. Macbeth desires some self-respect and believes that his soul is already charged with blood of thine therefore Macbeth nobly engages in battle with Macduff. His moral degradation is so low that even his enemies take pity on him. It is also ironic that it is Macbeth, in this tragic play, who becomes the one who is butchered and Macduff shows his cursed head to Scotland. I believe that Macbeth was not innocent, he performed brutal butchery at times but he shows some repentance as he nobly fights Macduff knowing he will be killed. Like the first Thane of Cawdor nothing in his life became him like the leaving it.

Movie Critics essays

Movie Critics essays Visitors at the Arizona Memorial in Pearl Harbor often sense a feeling of deep sorrow, an almost instantaneous mourning for thousands of men who perished there on December 7, 1941. Now because of Randall Wallace and Michael Bay's film, Pearl Harbor, all people can come close to experiencing the destruction that swept through Battleship Row that day. Based upon the film's effective use of cinematography, careful attention to historical details, and action packed battle scenes, Pearl Harbor lives up to the audience's expectations. Based upon the events surrounding the surprise attack on Pearl Harbor naval base on the morning of December 7, 1941, Pearl Harbor tells the story of two childhood friends (Rafe and Danny), both U.S. Army pilots who fall in love with the same woman (Evelyn). The film can best be understood if viewed in three parts. The first part focuses on the love story between the three leads. The second part reveals the actual events that transpire before and during the Japenese attack. The third part involves the aftermath for the United States and the individuals involved in the love story. Michael Bay's excellent camera work and skillful film editing in Pearl Harbor connects the viewer emotionally to the harsh reality before, during, and after the attack of Pearl Harbor. The blurred moments, juggled film stock, lenses, and color treatments create a collage of destruction and emotions. Bay helps the viewer sense the vulnerability of the American people before the attack with shots of Japanese fighter planes buzzing like swarming bees over the heads of kids playing baseball, moms hanging laundry, and sailors fishing from piers. Blurred moments in the film reflect the stress, fear, and confusion portrayed at the hospital as Evelyn, an Army nurse, must perform triage on the hundreds of casualties that flood her hospital, using lipstick to mark those doomed to die on the front lawn. The horror of ...

Analysis Of The Uk Renewable Energy Industry Environmental Sciences Essay

Analysis Of The Uk Renewable Energy Industry Environmental Sciences Essay Renewable energy is the energy generated from natural resources such as biomass, sunlight, wind, rain, tides, and geothermal heat, which are renewable, that is, naturally replenished(Wikipedia, 2010). Renewable energy technologies are essential contributors to energy supply portfolio, as they contribute to world energy security, reduce dependency on fossil fuels, and provide opportunities for mitigating greenhouse gases (IEA, 2007). Renewable energy is also considered by some to be a potentially significant contributor toward the economic development of rural areas, a means of reducing poverty through the creation of employment and improving the quality of lives (Mark et al, 2008). Renewable energy sources were very unpopular in the past decades because of their comparative cost disadvantage. With the exception of large hydropower, combustible biomass, and larger geothermal projects, the average cost of renewable energy are generally not competitive with the wholesale electricity an d fossil fuel prices(IEA, 2007). However, this decade has witnessed a tremendous development in renewable energy sector. The rising oil prices, issue of global warming , carbon gas emission, terrorism and political instability in many oil producing countries in the middle east are the major forces driving this development. The International Energy Agency estimates that nearly 50% of global electricity supplies will need to come from renewable energy sources in order to reduce carbon dioxide emission by 50% by 2050 and minimise significant, irreversible climate change impacts (IEA, 2008). During the five- years period from the end of 2004 -2009, worldwide renewable energy grew at the rates of 10-60% for many technologies (REN21, 2010). In 2008 for the first time, more renewable energy than convectional power capacity was added in both European Union and United States, demonstrating â€Å"a fundamental transition† of the world’s energy markets towards renewable (Eric et al, 2009). Renewable energy sector is growing at a very amazing rate in UK. Between 2003 and 2009 there was 138 per cent increase in power generation from renewables in the UK, but faster rates of growth were recorded in Northern Ireland (702 per cent), East Midlands (268 per cent), North East (211 per cent), Scotland (188 per cent), South East (146 per cent) and Yorkshire and the Humber (139 per cent) (DECC, 2010). Higher growth rate is expected in the next decade. This can be inferred from the fact that power generation from the UK’s oil and gas and nuclear reactors have been on a long-term downward trend and tend towards the end of their life span (Keynote, 2008). As a result, UK government has devised a comprehensive approach to support the development of the renewable energy sector through the UK renewable energy strategy 2009. Renewable energy in UK is supported through a range of measures. The renewable obligation Order requires electricity suppliers to purchase a spec ified amount of the electricity they supply from renewable sources (Keynote, 2010). Renewable Obligation Certificates (ROCs) are obtained to demonstrate that renewable sources have been used. The climate change levy is a fossil-fuel tax from which exemptions can be obtained by using certain renewable technologies. Capital grants are available for research and development for a wide range of renewable energy projects. Grants are also available for the cultivation of energy crops. Obviously, these are good incentives to stimulate investments in renewable energy. However, investors need assurance that these incentives and subsidies will be available over a larger part of the product life cycle and not just trap-in-incentives. This will enable renewable energy companies to build a more stable and viable strategic plan to take best advantage of the incentives.

Recommendation report for Airbus Essay Example | Topics and Well Written Essays - 3500 words

Recommendation report for Airbus - Essay Example As the essay stresses one of the important aspects that Airbus has to consider in framing its policy over the next five years is contract management, because thus far, it has not been able to effectively manage them. A part of the problems Airbus is facing now have to do with a botched French deal that went wrong. EADS, the parent company of Airbus came into being through the disposition of 37.9% of Airbus shares that were owned by a French public sector enterprise, Aerospatiale, to a private investor, Noel Forgeard. While the deal was originally intended to provide Airbus with a long term, French private sector shareholder to aid the process of privatisation, it has proved to be a botched up job that has aided the downfall of Airbus. From this research it is clear the problems arose when Forgeard sold his shares to Daimler in Germany, thereby disturbing the equity stake and ownership percentages of the French Government, acquired through disposition of its ownership in Aerospatiale. Furthermore, the original intent behind the formulation of EDAS was to provide strong European competition for the American giant Boeing, but fluctuations in exchange rates have not proved favourable to the Company’s sales in the market. It appears likely that some of these problems could have been addressed if the contracts had included certain provisions; for example stipulating that ownership of Forgeard’s shares were to remain within France.

Response to an article od the new york time Essay

Response to an article od the new york time - Essay Example Having observed in my own community, the variety in the said parental stimulation that occurs from family-to-family has produced diverse results in the cognitive, social, as well as in the emotional development of the children. Parents who gave an enthusiastic interaction—through singing, conversations and acknowledgement of ‘BA BA BAs,’ resulted to more advanced child development; while children who lack parental stimulation and interaction, and had no choice but to learn words on their own, tend to have slow progress. Furthermore, problems in the home, as well as in the child’s hearing, oral motor and understanding, as pointed out by Dr. Klass, were truly linked with, and revealed by, the child response to interaction, which, in the case of babies, babbling. It is in this premise that, I concur with what was presented in the article, â€Å"Understanding ‘Ba Ba Ba’ as a Key to Development,† and trust in its impact in the child’s development. Reference: Klass, P. â€Å"Understanding ‘Ba Ba Ba’ as a Key to Development.† The New York Times. 11 October 2010. 27 May 2011.