Management in the Arts Research Paper Example | Topics and Well Written Essays - 1500 words

Management in the Arts - Research Paper Example It has come up with different technologies of artificial pitches and excellent customer service which help the customers to avail their services. ‘Goals’ is a company which has established courts having floodlights and these courts have a spacious area. Moreover the services of pavilion are provided to the customers for refreshment purposes along with the facilities of parking. Service/ Products Heathrow Goals is located in an area with high population so that it can attract a wider range of crowd. The services that the center provides are associated with the services of the company ‘Goals’. It provides the service of booking the pitches for matches of football along with kid parties. The teams can sign up to leagues or tournaments organized by the Heathrow Goals. It provides different facilities for the teams who are enrolled in these leagues or tournaments. It has around 12 all weather pitches which help the customers with different environment of day and night. These pitches are well developed by the Heathrow Goals with rubber crumb artificial grass. The pitches also have the facility of floodlights so that the individuals can play up to the time that they want to. The Heathrow Goals also has luxury sports bar along with a private function room for parties. A mega screen is located on the pitch which attracts the teams to the centers. And lastly it also provides the facilities of shower and changing rooms for the sportsmen. Finances   The finances of the Goals clearly show that their popularity and sales is increasing every other day. With the help of the facilities that it provides it is seen that people are getting attracted towards the centre even more. In the years 2009 it was seen that the sales of the company were increased by 6% which clearly showed the strength of finance of the company. The company aims to four more centers during the year of 2011. In 2010 it was seen that five such centers were opened and made functional by the company to generate huge profits. It also opened its centre out of the United Kingdom in the famous state of Los Angeles. It is believed that with the current facilities the company would be further able to excel in the year of 2011 and currently the number of sales is enough for the company to fulfill its goals. Premises   Heathrow Goals is located on the Shepiston Lane, Heathrow with 12 day night courts for the footballers. The premises of Heathrow goals contain a bar for the footballers along with changing rooms and shower. The pitches in Heathrow Goals are almost 12 joined together but separated by the pavilion ends. It also has separate rooms where kid parties can be arranged. History   The history of Goals can be traced back to 1987 when the first 5-a side centre was established. Keith Rogers was the co founder of Anchor International Limited which created this first centre. Keith Roger was able to successfully expand the business until it was sold to 3i at the pri ce of 28 million pounds in the year of 1999. After selling Anchor International Limited, Keith Rogers carried out an MBI (Management buy in) on an existent business so that he could flourish his concept of 5-a side business. The company that he carried out an MBI on was backed by HBOS Plc and Dunedin and soon after staff upgrading started. New information technology systems were introduced in the business to help the business. After

Study or Stock Market Essay Example for Free

Study or Stock Market Essay Dr. Pushpa Bhatt and Sumangala J. K (2011) studies Impact of Book Value on Market Value of an Equity Share – An Empirical Study in Indian Capital Market. They attempt to find the explanatory power of book value in explaining the variations in equity market value. Then attempt is made to compare the same with the same of earning per share (EPS). They have collected and analyzed data about book value and market value of equity share of 50 companies for 5 years from 2006-07 to 2010-2011. Jimoh Ezekiel Oseni (2007), Determinants of stock prices in the capital market. There are over 130 companies whose shares are being traded in the Nigerian capital market. The Banking sector in the last five years has dominated the market in terms of trading volumes and market performance. The earning per share (EPS) and dividend per share (DPS) of twelve companies listed on the Nigerian Stock Exchange (NSE) and (average) annual GDP, crude oil price (OIL), lending interest rate (INT), inflation rate (INFL) and foreign exchange rate (FX) are used are analysed for effect on the stock price. The period covered by the data is year 2001 to 2007. Mohammed Belal Uddin (2009) Determinants of market price of stock: A study on bank leasing and insurance companies of Bangladesh. The population size is 86 listed companies in Dhaka Stock Exchange (DSE) and chosen 68 companies as sample on probability sampling basis. In this study the dependent variable is â€Å"Market Price of Stock (MPS)† in Bangladeshi taka. The independent variables are: (1) Net Asset Value per Share (NAVPS) in Bangladeshi taka; (2) Dividend percentage (DIV); (3) Earnings per Share (EPS) in Bangladeshi taka Dr. Sanjeet Sharma (2009) Determinants of equity stock prices in India. This study has been undertaken to examine the empirical relationship between equity share prices and explanatory variables such as: book value per share, dividend per share, earning per share, price earning ratio, dividend yield, dividend payout, size in terms of sale and net worth for the period 1993-94 to 2008-09. Dr. Bidyut Jyoti Bhattacharjee (2012), the determinants of market price of share of Indian companies. This study makes an attempt to examine that whether market price of share of the company influenced by important determinants like size, growth, risk, profitability, leverage and dividend decision of the company considering Indian industries enlisted in Bombay Stock Exchange of India. In Uwalomwa Uwuigbe, Olowe and Olusegun, Agu (2012) An Assessment of the Determinants of Share Price in Nigeria: A Study of Selected Listed Firms. This study basically seeks to investigate the effects of financial performance, dividend payout and financial leverage on the share price of firms operating in the Nigerian stock exchange market. To achieve the objectives of this study, the Nigerian stock exchange fact book and the corporate annual reports for the period 2006-2010 were analyzed. In addition, using the judgmental sampling technique, the study considered a total of 30 listed firms in the Nigerian stock exchange market. The choice of these industries arises based on the size, and the decline in the share prices of the stocks of these firms. Dwi Martani, Mulyono and Rahfiani Khairurizka (2009), the effect of financial ratios, firm size, and cash flow from operating activities in the interim report to the stock return The objective of this study is to examine the value relevance of accounting information in explaining stock return. The study uses profitability, liquidity, leverage, market ratio, size and cash flow as proxies of accounting information. The samples of the study are listed companies in manufacturing industries that actively trading between 2003-2006 in Indonesia Stock Market. The study finds that profitability, turnover and market ratio has significant impact to the stock return. P. S. irmala, P. S. Sanju and M. Ramachandran Determinants of Share Prices in India the focus of this study is to identify the determinants of share prices in the Indian market. The study uses panel data pertaining to three sectors viz., auto, healthcare and public sector undertakings over the period 2000-2009 and employs the fully modified ordinary least squares method. The results indicate that the variables dividend, price-earnings ratio and leverage are significant determinants of share prices for all the sectors under consideration. Further, profitability is found to influence share prices only in the case of auto sector

Boston Tea Party Essay -- essays research papers

Boston Tea Party - by m.ems The Boston Tea Party is considered to be the boiling point in a series of events leading up to the revolutionary war against the British. When a group of devout colonists, boarded British tea ships and unloaded their cargo into the Boston harbor, America would be changed forever. What was, at first, seen as an act of mischievous rebellion, turned out to be one of the most influential events in America’s revolutionary history. It not only crippled the already struggling British tea industry, but also, and more importantly, united the American people against British taxation and overall oppression. When the British increased taxes in America, the colonists responded with rebellious fury, most notably, the Boston Tea Party, but when Britain lashed back with even more force, it opened the eyes of Americans alike to the oppression they lived under.   Ã‚  Ã‚  Ã‚  Ã‚  For years, the American people opted to buy smuggled tea from Holland instead of paying the extra money on a taxed British tea. Not only was tea cheaper from Holland but many Americans did not want to pay the tax and contribute to British rule. When British Parliament passed the Tea Act in 1773, it allowed them to provide tea to America for cheaper than the smuggled tea. American tea merchants, unable to compete with this new low price, were put out of business. (Jones) This Act infuriated the colonial citizens who felt it unfair to favor their British tea dealers over American ones. In retaliation, Samuel Adams led a group of 150 or so men disguised as Mohawk Indians boarded three British tea ships and proceeded to dump 343 chests of British tea into the ocean. (Cornell) When Bostonians refused to pay for the destroyed property, King George III and Parliament passed the so-called “Intolerable'; Acts. One result was the closing of the port of Boston and forb id public meetings in Massachusetts. Essentially, the Intolerable Acts shut down the Massachusetts government entirely. These acts of oppression sparked the desire for change in American people and were a major cause for the first continental congress, which took steps towards revolution and ultimately liberated the United States.   Ã‚  Ã‚  Ã‚  Ã‚  During the revolutionary process, propaganda was key in spreading revolutionary ideas across America and one of the leading p... ...nt, the Continental Congress created the Association which called for a complete boycott of all British goods. This step pushed Britain over the edge. They realized that they could no longer control America and moved closer towards war. The Americans did not want a revolution, simply a reprieve from oppressive legislation but as time went on they could also sense an inevitable conflict and continued their efforts in uniting their nation by spreading propaganda and readying their militias.   Ã‚  Ã‚  Ã‚  Ã‚  The Boston Tea Party was one of the most effective pieces of political theatre ever staged. It did so many things for America’s independence; most importantly, the event gave Americans a sense of power and showed them that they could fight back and make a difference. The Tea Party served as the springboard to more revolutionary steps that eventually led to our independence. John Adams said about the event, “There is a dignity, a majesty, a sublimity, in this last effort of the patriots that I greatly admire.'; It was a bold, risky, yet necessary action that legitimately established America as its own nation long before independence was achieved.

ICT and society portfolio section Essay

Microsoft word Microsoft Word is a word processor program from Microsoft. It was originally written by Richard Brodie for IBM PC computers running DOS in 1983. Later versions were created for the Apple Macintosh (1984), SCO UNIN, and Microsoft Windows (1989). It became part of the Microsoft Office. Microsoft word is a software package which can be used for school work, course work, home work or personal work such as making posters or fliers. So it is extremely useful, especially if you have untidy handwriting because Microsoft word can improve your presentation not only by improving your writing but also can improve presentation by adding pictures, this can be done using a feature called clipart which allows me too insert pictures to my work. Another good point about this is that it has a feature called spell check, which is handy if you are bad at spelling because if you spelt a word wrong then it will either automatically correct it or show you a list of words to help you. The only bad point about spell check is that it doesn’t recognise every word and that sometimes it uses the American spelling of words. Other god points include the fact that if you are doing something such as an essay or coursework which requires a lot of writing because you can easily change your w ords if you make a mistake whereas if you were writing it out by hand then you would have to rewrite everything from the beginning. Microsoft Excel Excel 2003 enables you to turn data into information with powerful tools to analyze, communicate, and share results. Excel 2003 can help you work better in teams, and help protect and control access to your work. In addition, you can work with industry-standard Extensible Mark-up Language (NML) data to make it easier to connect to business processes. Just like Microsoft word, excel is a software package which can be used for school work, course work, home work or personal work. Mostly excel is used in business’ in order to keep track of financial status and to record data required to run a business. The good points about Microsoft excel is that you can use features such as auto sum which allows you to quickly and easily count up numbers, another feature is the graph function which allows you to create graphs easily, the graphs make the figures easier to understand and improves presentation. Microsoft access Microsoft Access is a relational database management system from Microsoft, packaged with Microsoft Office Professional. Microsoft Access can use data stored in Access/Jet, Microsoft SQL Server, Oracle, or any ODBC-compliant data container. Skilled software developers and data architects use it to develop powerful, complen application software. Relatively unskilled programmers and non-programmer â€Å"power users† can use it to build simple applications without having to deal with features they don’t understand. Microsoft Access was also the name of a communications program from Microsoft, meant to compete with ProComm and other programs. This Microsoft Access proved a failure and was dropped. Years later Microsoft reused the name for its database software. Microsoft access is normally used in areas such as hospitals in order to keep a record of all the patients. Another area where databases are used is in buissness’ in order to keep track of financial staus and contacts. Microsoft PowerPoint Microsoft publisher Microsoft Publisher is a desktop publishing application from Microsoft. This program helps you easily create, customize, and publish materials such as newsletters, brochures, flyers, catalogs, and Web sites. It is very neat and tidy and improves presentation. People who work in the advertising industry might find publisher very useful because it is very quick and easy to use.

Macy’s Store Essay

1. Macy’s and other department stores are faced with imminent problems where sales are declining each year. Due to high competition and many substitutions in the market, company must always analyze, investigate, and plan for decision making. Creating situational analysis is a great way to analyze both the internal and external environments in order to understand the company’s capabilities, business environment, and customers. In Macy’s case, some of the external factors are competition and economy. Since competitors such as discount stores and specialty stores are attracting many customers, Macy’s need to find a solution to differentiate themselves from others to deliver value. Some of the examples can be lowering prices to meet customer expectations, expand market by using online- shopping, or take a survey to gather which brands or items customers want in Macy’s department store. Economy is another crucial factor store has to consider. When the economy is healthy, stores tend to worry less, but when the economy is in recession, customers will spend less and find a cheaper substitute items to purchase. Although Macy’s positioned themselves as upper middle class, company can increase sales by also providing less expensive brands for customers to choose from. As for internal factors, training employees, contract with excellent suppliers, and positive recognized brand will strengthen Macy’s. For example, experienced management can teach and lead employees to perform day-to-day operations and to be professional in what they do. Brand awareness is also an important factor since customer’s judge product and service by its brand image. 2. To this date, Macy’s is struggling to find a sustainable competitive advantage in the retail industry. Clothing store such as ZARA and H&M have a definite advantage since they attract customers by displaying latest fashionable clothing with affordable price and Macy’s on the other hand, have not yet able to deliver right messages to buyers. Moreover, Macy’s consolidation and efforts to become national-wide brand are not unique because most major retailers in the states are now national brands. However, Macy’s strategy of positioning themselves as â€Å"mid-level† can become a unique competitive advantage in the future because people would believe its merchandise is neither cheap nor expensive. This way people won’t judge Macy’s as a â€Å"cheap store† but store which carries affordable items. Nevertheless, Macy’s still face a serious threat since fashion clothing retailers such as H&M and Urban outfitters are targeting teenagers with very low prices. One way to improve competitive advantage may be quality. Customers know H&M is a cheap, fashionable store and they also know clothing will wear out if washed couple times. By focusing on quality, people may recognize paying extra money to purchase Macy’s merchandise is saving money in long- term. 3. Overall, Macy’s consolidation and repositioning strategy have many advantages since the company converted 15 department stores to Macy’s brand; Remodelling stores promote a pleasant shopping experience to customers, displaying fashionable clothing to attract trend-followers, and developing private brands to increase profits. As mentioned above, the first strength to this change is the decision to consolidate. By using the same brand name, this will reduce advertising costs, customers will easily recognize the brand, and since all stores carry same products they may have bargaining power over suppliers. Next advantage is locations. Since Macy’s now have approximately 810 stores in 50 states, customers can visit any Macy’s stores without inconvenience. Moreover, because all stores carry same products, services, and designs, buyers can visit any stores to buy what they need. Last strength is Macy’s focus on affordable fashion. People nowadays value fashion so much that they simply won’t purchase clothing that is boring and bland. By recognizing these factors, Macy’s are working with top designers to attract and show buyers their brand is fashionable and also affordable. Despite of these advantages, Macy’s also have weakness to worry about. Customers are complaining that the price of merchandise increased and they would shop elsewhere. Macy’s would reduce these complaints by offering coupons or to perform customer relationship program to recognise those who are loyal to the store and give special incentives or discounts. 4. æ ­ ¤Ã§â€ ¨Ã¦Ë† ·Ã¥  Ã¥ · ²Ã¨ ¢ «Ã¦ ³ ¨Ã¥â€ Å',è ¯ ·Ã¥  ¦Ã¦  ¢Ã¤ ¸â‚¬Ã¤ ¸ ªDepartment stores are faced with serious threat since industry is declining and competitions are growing rapidly. But Macy’s have found a bold strategy to compete in a tough market. Macy’s has a good chance of succeeding in 5 years since the store recognizes the trend and strives to meet customer’s needs. In order to extremely successful in the future however, Macy’s need to closely monitor competitors such as Nordstrom, ZARA, and H&M to gather competitor intelligence and to react to fast changing market. Brand awareness is also a crucial factor for success. Brand loyal customers tend to be less price sensitive because they have a strong belief that it is worth paying more money. If Macy’s can build brand royal customers, they would reduce advertising costs, and have positive brand image. Lastly, pricing its merchandise will be a key point for success in 5 years bec ause price is what makes customers to make a purchase or to find a substitute.

American Imperialism Within The 19th Century History Essay Essays

American Imperialism Within The 19th Century History Essay Essays American Imperialism Within The 19th Century History Essay Essay American Imperialism Within The 19th Century History Essay Essay During the epoch of the nineteenth century, it is a historical fact that several of the universe s most powerful states took settlement of the smaller 1s in order to harvest benefits which were deemed to be self-seeking of the state s several ends. European states for case, such as France and Germany, took settlement of some of the states in Africa in order to take control of the resources and other economic benefits which were present in those African states. Furthermore, the United States of America, being another powerful state in the planetary context, besides took settlement of several states in order to harvest economic benefits. In order to potentially spread out its function in footings of regulating with power in the planetary landscape, the American imperialism was brought approximately in the nineteenth century with the chief end of driving the state s economic system and increasing the state s economic benefits. Because of this aim of the United States of America, the authorities executed an aggressive policy for enlargement as they aim to catch political, economic, and military control. Their chief mark was to look for state and markets which they can be able to easy colonise. They took expression and eyed assorted investing chances in different states such as the Philippines where they thought of certain mines as an attractive investing for their state. Still portion of their purpose of harvesting economic benefits from their imperialist Acts of the Apostless, the state have ever though that imperialism would convey them the cheapest labour force from the state with the lowest economic state of affair s and hence would enable them to fabricate American goods at significantly reduced costs. Aside from the comparatively low cost of labours from the colonised districts during the American imperialism in the nineteenth century, the state besides benefited from holding the cheapest natural stuffs which can be easy used in fabricating the state s merchandises. Another ground why the Americans established imperialism in the nineteenth century is the fact that the American West was shuting, and hence there was a demand for opening of new markets. The American imperialism is said to run on the position that stronger states are at that place to take settlement of weaker states. These weaker states would so assist the stronger 1s in order to derive wealth and they will go through along this wealth to the state or settlements which they dominate ( Cunningham, 2010 ) . . After the Spanish American War during the nineteenth century, the American authorities was able to to the full recognize the potency of other states and provinces which can function as their settlements during the times of their planetary imperialism. Some of these settlements included the islands which they have conquered from the Spaniards after the war which included Cuba, Puerto Rico, Guam, and the Philippines. During the American imperialism of the nineteenth century, there are assorted events which transpired and take to assorted state of affairss non merely in the American context, but in the planetary landscape every bit good. One of the important events which transpired during the period was the good advantage of the imperial states such as the United States such as being able to spread out foreign commercialism and being able to assist in the betterment of the domestic economic systems of the states which were under their colonisation. Exports have been greater than their imports, ensuing into an increased state s wealth. It besides provided the chance for indigens to work in their native lands without holding to work overseas merely to seek for greener grazing lands. Furthermore, there were besides unfortunate events which transpired during the American imperialism of the nineteenth century particularly among its settlements. There were onslaughts which resulted into violent deaths a nd some communities were burned by the military to function as the United States concentration cantonments in some settlements. Some countries were put under complete control of the authorities and armed forces of the United States to to the full harvest the economic potencies of such weaker states ( Brinkley et al, 1987 ) . The article on American Anti-Imperialist League negotiations about how such imperialist Acts of the Apostless have been condemned particularly in relational to the bloody encounters which resulted in the pursuit of the American authorities to seek power among its settlements. It centered on the instance of the Philippines where the control of the United States has lead into unfortunate events among local communities. Such Acts of the Apostless have been condemned by the group and is said to be hostile to the state s autonomy and is an act of militarism, condemnable aggression, and a disloyalty to the sacred rules of the authorities. Their position of imperialism was that such act is unfair among settlements that were controlled through a force and obstructor of the rights of the local people. The Anti-Imperialist League position imperialism as being horror and deemed as an extension of the American sovereignty through the usage of Spanish methods. The foreign policies of imperialism, although deemed to hold helped some economic systems in footings of bring forthing wealth, resulted in the suppression of the general rights of the people and the authorities which served as settlements to the United States. The wars which were waged against these settlements resulted into decease of civilians and communities which were effects of the American s quest for power all over the Earth.

Dr. Reynolds Essays - Brian Welch, Converts To Christianity

Dr. Reynolds Essays - Brian Welch, Converts To Christianity Dr. Reynolds ENGL 105 September 1, 2016 The Struggle of Writing Ever since I was a little girl, and could hold a pencil, I was taught how to write. I started out writing by doing the tedious task of tracing the huge ABC letters on to the silly dotted lines. From then on it turned into hundreds of mindless sentences consisting of words like "cat", "mat", "at" and "sat". As I grew up from an innocent child to a wiser student the writing got harder. The mindless sentences turned into flowing paragraphs. As I went through my life as a student, the complicated syntax blossomed into beautifully coherent essays. As I look back the growth of my writing skills, I am really shocked. At a first glance it may not seem like I have changed a lot, but as I look through my past assignments, I have realized I've changed a lot as a writer. My writing is stronger, is easier to read, and more comprehensive. Not only have I noticed a difference in my writing, but I have also noticed that I also do a lot of weird things while writing essays.With the different techniqu es taught to me through the years, I realized I have picked up some good and bad habits that have affected my writing in many ways. The first thing I do is start off with my bad habit; procrastination. Whenever I write an essay, I always start it with the procrastination stage. This stage is my biggest enemy and best friend at the same time. It has helped me get through some tough essays. Procrastination helps me to forget about the essay completely and all the anxiety accompanies writing. I don't normally start my essays until two days before the due date. When I know I have an essay due the next day, I turn into the most OCD person on the planet. I start cleaning and doing chores that no normal person would like to do on their free time, but since I have an essay due, I think it is fun to clean the toilet, and reorganize my bookshelf 6 different times to avoid my assignment. The anxiety of writing causes me to believe that I need to make sure everything is spotless in order for me to write and stay focused on the task at hand. After I have cleaned up everything in the house, I will take a nap because I've ti red myself out from cleaning up all day. I figure that to write my best, I need to take a quick nap to reenergize my brain. So I can awake to having a fresh and clear mind. However, the quick little nap usually ends up being 4-hour long waste of time. To make matters worse, when I wake up I am starving. So then what do I have to do? I have to make myself some food because how can I work on an empty stomach. It's just not possible. I then go to my other best friend the refrigerator to make my favorite snack- apples and peanut butter. So after I have made my delicious snack, I finally sit down at my desk and start all the other homework just to prolong the process more. I think to myself that If I have all my homework done, then I won't have to worry about it while I am writing my essay and I will have a clear head. After I have finished eating, sleeping, and doing anything in my power to stall myself from my essay, it's finally time to start the thing I have been dreading the most the essay. When I finally start, It's usually around ten at night. I will sit at my spotless desk and begin to write indiscriminant thoughts down. I don't necessarily think this is a bad habit of mine; however, I just think it prolongs the process of writing because I have already procrastinated for so long. I think over time I need to figure out a faster and easier way to start my paper, so that the process is more organized and quick. As I begin to write, I will open the window

Observations on Eloquence in Writing and Speaking

Observations on Eloquence in Writing and Speaking Definition Eloquence is the art or practice of using fluent, forceful, and persuasive discourse. Its adjectival form is  eloquent  and its adverb form is  eloquently. Etymology The word  eloquence  derives from the Old French word  eloquent, which itself came from the Latin  eloquens.  That Latin word essentially had the same meaning as the modern  eloquent  and pointed to a talent for speaking well. Its Latin etymology points to this as well:  e  (a preposition meaning  out  or  outwards) and  loqui  (the verb for  to speak). Elements Eloquence is generally considered an asset when it comes to spoken and written language. The art of using eloquent language in a persuasive manner is called  rhetoric, and the two often go hand in hand. However, eloquence differs from rhetoric in that rhetoric, by its very definition, has a purpose: convincing someone of something. Eloquence may be used in rhetoric, but it can also exist for its own sake of simply appreciating and using the possibilities of language. Eloquence can be achieved in a wide variety of ways. There are some elements or techniques that are generally important. Things like interesting word choice, varied sentence structure, repetition, and logical progression of ideas all may play a role. For more information on the elements of rhetorical style, try: Anti-RhetoricCopiaDeclamationThe English Manner of Discourse, by Thomas SpratEuphonyFormal Style and Informal StyleOratoryPhonaestheticsRhetoricSamuel Johnson on the Bugbear StyleWhat Is Style?Wisdom Speaking Eloquently Observations Writers, thinkers, and rhetoricians have had plenty of things to say about the virtues of eloquence over time. See some of their observations below: Talking and eloquence are not the same: to speak and to speak well are two things.(Ben Jonson, Timber, or Discoveries, 1630)They are eloquent who can speak low things acutely, and of great things with dignity, and of moderate things with temper.(Cicero, The Orator)In a word, to feel your subject thoroughly, and to speak without fear, are the only rules of eloquence.(Oliver Goldsmith, Of Eloquence, 1759)Today it is not the classroom nor the classics which are the repositories of models of eloquence, but the ad agencies.(Marshall McLuhan, The Mechanical Bride, 1951)Denis Donoghue on the Gift of EloquenceEloquence, as distinct from rhetoric, has no aim: it is a play of words or other expressive means. It is a gift to be enjoyed in appreciation and practice. The main attribute of eloquence is gratuitousness: its place in the world is to be without place or function, its mode is to be intrinsic. Like beauty, it claims only the privilege of being a grace note in the culture that permits it . . . .[T]he qualities of writing I care about are increasingly hard to expound: aesthetic finesse, beauty, eloquence, style, form, imagination, fiction, the architecture of a sentence, the bearing of rhyme, pleasure, how to do things with words. It has become harder to persuade students that these are real places of interest and value in a poem, a play, a novel, or an essay in the New Yorker. . . .It is regrettable that undergraduate education is already turned toward the professional and managerial skills on which students will depend for a livelihood. Those skills do not include eloquence or an appreciation of eloquence: each profession has its own ways of speech, corresponding to its pragmatic purposes and values.(Denis Donoghue, On Eloquence. Yale University Press, 2008) Kenneth Burke on Eloquence and LiteratureEloquence itself . . . is no mere plaster added to a framework of more stable qualities. Eloquence is simply the end of art, and is thus its essence. Even the poorest art is eloquent, but in a poor way, with less intensity, until this aspect is obscured by others fattening upon its leanness. Eloquence is not showiness . . ..The primary purpose of eloquence is not to enable us to live our lives on paperit is to convert life into its most thorough verbal equivalent. The categorical appeal of literature resides in a liking for verbalization as such, just as the categorical appeal of music resides in a liking for musical sounds as such.(Kenneth Burke, Counter-Statement. Harcourt, 1931)Sterne on Two Kinds of EloquenceThere are two sorts of eloquence. The one indeed scarce deserves the name of it, which consists chiefly in laboured and polished periods, an over-curious and artificial arrangement of figures, tinselled over with a gaudy embellishment of words, which glitter, but convey little or no light to the understanding. This kind of writing is for the most part much affected and admired by people of weak judgment and vicious taste. . . . The other sort of eloquence is quite the reverse of this; and which may be said to be the true characteristic of the holy scriptures, where the excellence does not arise from a laboured and far-fetched elocution, but from a surprising mixture of simplicity and majesty, which is a double character, so difficult to be united, that it is seldom to be met with in compositions merely human.(Laurence Sterne, Sermon 42: Search the Scriptures, 1760) David Hume on Modern EloquenceIt may be pretended, that the decline of eloquence is owing to the superior good sense of the moderns, who reject with disdain all those rhetorical tricks employed to seduce the judges, and will admit of nothing but solid argument in any debate of deliberation. . . . Now, banish the pathetic from public discourses, and you reduce the speakers merely to modern eloquence; that is, to good sense delivered in proper expression.(David Hume, An Essay on Eloquence, 1742)Pope on False and True EloquenceWords are like leaves; and where they most abound,Much fruit of sense beneath is rarely found:False Eloquence, like the prismatic glass,Its gaudy colours spreads on every place;The face of Nature we no more survey,All glares alike, without distinction gay;But true expression, like th unchanging Sun,Clears and improves whateer it shines upon;It gilds all objects, but it alters none.(Alexander Pope, An Essay on Criticism, 1711)Milton on Eloquence and TruthFor me, re aders, although I cannot say that I am utterly untrained in those rules which best rhetoricians have given, or unacquainted with those examples which the prime authors of eloquence have written in any learned tongue; yet true eloquence I find to be none, but the serious and hearty love of truth: and that whose mind soever is fully possessed with a fervent desire to know good things, and with the dearest charity to infuse the knowledge of them into others, when such a man would speak, his words (by what I can express) like so many nimble and airy servitors trip about him at command, and in well-ordered files, as he would wish, fall aptly into their own places.(John Milton, An Apology for Smectymnuus, 1642) Pronunciation: EH-le-kwents

How to Improve Nonverbal Communication Assignment - 14

How to Improve Nonverbal Communication - Assignment Example Physical Appearance: This is how other people see us and how we perceive them and is an important part of the nonverbal dialogue. How we look is what others see on first meeting and this creates perceptions about us in the other person’s mind. At the same time, we apply this to others and receive important nonverbal information, based on our perceptions. For example, if I meet someone who appears to have taken the trouble to be tidy and clean, I think they will behave in ways that match the appearance, such as a friendly and natural manner, well-spoken and polite, smiling and responsive. I am more likely to respond to them in a positive way, mirroring their behaviors. The people I relate to best in social and work situations are those who try to present a pleasing appearance because, in my experience, this goes together with behaviors that help communication, as mentioned above. I have seen how such a person reacts to praise or criticism quietly and thoughtfully, and this also increases my positive perceptions of them. On the other hand, I have met people who are dirty and untidy in appearance, who do not return a smile or greeting, and my perceptions of them are negative, causing me difficulty in establishing communication and rapport. Kinesics: (external displays of human feelings and emotions). These are expressed through such actions as a look, mimicry, gestures to emphasize meanings, poses, and visual communication (sight and movement of eyes). These nonverbal components provide a great deal of information when interactions take place. This is most helpful in cases where people are speaking in different languages, something I have experienced, as I am Russian. Gestures thus become the unique means of dialogue and carry out vital communicative functions.

Personal statement for dental school Essay Example | Topics and Well Written Essays - 500 words

Personal statement for dental school - Essay Example At the very early stage of my academic sessions, I studied in a dental school in Egypt MISR University for Science and Technology Medicine. At the early stage, prior to my visit to Saudi Arabia, I acquired fundamental knowledge about the dental problems along with their required care processes. During that period, I was fascinated with dentistry profession, as this profession involves number of effective care functions that have the potentiality in enabling the patients to gain quick relief from any pain or related problem. Indeed my initial exposure to select the dentistry profession as a prospective career path was shaped during the period of my one-year dental treatment course at the school. In relation to the recent trend of technological advancement, the treatment procedure for dental care has been witnessed to generate greater interests amid the modern medical professionals. Moreover, the dental care industry is identified to be incessantly growing, ensuring the formation of a strong career path for the modern students (American Dental Hygienists Association, â€Å"Career Paths†). These are certain reasons due to which I am quite fascinated towards this particular profession and desire to pursue my career in this field. Due to the higher level of commitment made towards making dentistry as my primary career path or profession, I decided to visit Palestine and enhance my knowledge on dental treatment by performing as a co-worker at my sister’s clinic. Moreover, increased extent of eagerness to learn real experiences have certainly made me to visit Palestine in the summer 2012. My sister provided extensive support by involving me to learn various new facets associated with dental ailments along with their respective care procedures. During the period of performing as a co-worker at my sister’s clinic, I used to learn the things that I have studied during my one-year course in the dental school. In this regard, improving career path and attaining personal

Applied Economics Essay Example | Topics and Well Written Essays - 250 words

Applied Economics - Essay Example Concerning the four countries in question it is evident that the rate of growth of the Gross domestic product varies from one country to another (The world bank, 2014). Based on the comparison among the four countries it is apparent that a high volume of Money at LCU corresponds with a low gross domestic product and a low volume of money at LCU corresponds with a high gross domestic product. Money at LCU is one of the significant economic indicators since it refers to the money that is in circulation (Econstats, 2014). In this case, financial transaction tax will have a direct impact on the money at LCU. In this case, financial transaction tax will lead to a decrease for money at LCU. Based on the relationship between money at LCU and GDP a reduction in the money at LCU will raise the rate of GDP for a given country. Consequently, this will have a reduction in money at LCU will lead to reduction in inflation since it will reduce the spending habits of residents in a country. On the o ther hand, an increased local currency unit volume will increase money supply, which may lead to inflation (Eisenstein, C. 2011, 295). In conclusion, an analysis of the four data variables Inflation, money at its local currency unit (LCU), and revenue collected form tax and the gross domestic product outlines that financial transaction tax can have an impact on the economy of a country. Because financial transaction tax can regulate the money supply of a country, it can have an effect on the economic activities of a country. As a result, financial transaction tax can be used to stabilize economic conditions of a

Intergrating Case Management Essay Example | Topics and Well Written Essays - 250 words

Intergrating Case Management - Essay Example These developments mean that the nursing staff can no longer rely on just the medical training to perform well in the field, but rather have to be trained extensively in management, sociology, Information Technology, and even basic courses of economics to understand the implications of the patients’ social and economic status, limitations, and boundaries. This is especially true of nurses that would be working across the border in foreign territories (Kim, Woith, Otten, & McElmurry, 2006); for them, a basic training in the culture, history, and traditions of that place is paramount for a successful relationship with their patients and other health officials of that country (Kim et al., 2006). As a result, it is recommended that such interdisciplinary training and courses should be incorporated in the curriculum of the nursing schools so that the students acquire these additional required skills for their profession along with the technical knowledge (Kim et al., 2006).

Applying Theory to Practice Term Paper Example | Topics and Well Written Essays - 500 words

Applying Theory to Practice - Term Paper Example origin of the juvenile delinquent behavior may be understood by looking at the backgrounds of young people who for various reasons have led a life full of misery. For instance, youths who are at risk of becoming delinquent may have originated from families with parental alcoholism, overcrowded neighborhood, family breakdowns, the increasing HIV/AIDS scourge, abusive circumstances in the home, or the death of parents due to armed conflicts. It may be noted that young people from such backgrounds may be either unaccompanied or orphaned and lack the means of subsistence, shelter, and other basic needs, increasing their chances for falling into juvenile delinquency. Many developing nations do nothing or very little to look into the needs of the young citizens or ignore some petty crimes reported concerning these youths. Some of these youngsters commit crimes at a tender age and they are either ignored by the authorities or go unreported, yet the petty crimes lead to more serious crimes in future. Developed countries on he other hand are engaged in activities designed to prevent juvenile delinquencies but the overall effect of such programs is weak because the techniques in place are usually inadequate to address the situations that already exist (Siegel & Welsh, 2011). According to geographical analysis, nations with more urbanized populations register more juvenile delinquency rates than those with strong rural communities and neighborhoods. This may be linked to the dissimilarities in social cohesion and control. Rural groupings depend on community and family control to deal with antisocial behavior, thus lower crime. Urban lifestyles resort to judicial and formal measures, an impersonal mechanism that links to higher juvenile delinquencies. i. Youth crime results from unresolved internal conflict and mental anguish. Some youths who have been mistreated or abused may go through unconscious feelings linked to fear, resentment, and abhorrence. If this conflict s

The Mistrust Felt By Staff Essay Example | Topics and Well Written Essays - 9000 words

The Mistrust Felt By Staff - Essay Example Jabri & Pounder in discussing organization change stated that â€Å"narrative can enable participants to comprehend the impact of change efforts on those employees in organizations who may feel victims of change.† (2001, pp. 684) Clearly, from the comments made in the questionnaire and through personal discussion with staff, there was no clear communication perceived by staff or management. While discussing the change process itself many employees felt that had been excluded and had not been consulted. To further complicate the problem, staff perceived that HR was under similar pressure and feeling unsure of changes. Because of the sweeping organizational changes that had occurred, staff felt that even management was unsure of the direction that had been taken and thus further felt they had nowhere to turn for leadership and guidance. Another are where staff felt communication was ineffective and exhibited signs of mistrust arising from fear surrounded the role the consultants played. Jabri & Pounder stressed that the narrative approach allows the consultant to break through their own perceived notions and paradigms to enable the member of the organization to do the same thereby facilitating change. (2001) Staff was unsure why the consultants were looking over their shoulders. Further, through interviewing the consultants they placed the responsibility of lack of information flow on the management team. There appeared to be no clear lines of communication flow between any of the principles: staff, management and the consultants. Macadam stated that many of the perceptions, statements, and actions exhibited by staff â€Å"resentment; depression; distrust; stress; disloyalty; and lack of productivity.† (2000, pp. 39) are outward signs of the upheaval caused the dramatic changes within the organization?

Applying Theory to Practice Term Paper Example | Topics and Well Written Essays - 500 words

Applying Theory to Practice - Term Paper Example origin of the juvenile delinquent behavior may be understood by looking at the backgrounds of young people who for various reasons have led a life full of misery. For instance, youths who are at risk of becoming delinquent may have originated from families with parental alcoholism, overcrowded neighborhood, family breakdowns, the increasing HIV/AIDS scourge, abusive circumstances in the home, or the death of parents due to armed conflicts. It may be noted that young people from such backgrounds may be either unaccompanied or orphaned and lack the means of subsistence, shelter, and other basic needs, increasing their chances for falling into juvenile delinquency. Many developing nations do nothing or very little to look into the needs of the young citizens or ignore some petty crimes reported concerning these youths. Some of these youngsters commit crimes at a tender age and they are either ignored by the authorities or go unreported, yet the petty crimes lead to more serious crimes in future. Developed countries on he other hand are engaged in activities designed to prevent juvenile delinquencies but the overall effect of such programs is weak because the techniques in place are usually inadequate to address the situations that already exist (Siegel & Welsh, 2011). According to geographical analysis, nations with more urbanized populations register more juvenile delinquency rates than those with strong rural communities and neighborhoods. This may be linked to the dissimilarities in social cohesion and control. Rural groupings depend on community and family control to deal with antisocial behavior, thus lower crime. Urban lifestyles resort to judicial and formal measures, an impersonal mechanism that links to higher juvenile delinquencies. i. Youth crime results from unresolved internal conflict and mental anguish. Some youths who have been mistreated or abused may go through unconscious feelings linked to fear, resentment, and abhorrence. If this conflict s

Research Paper Example | Topics and Well Written Essays - 1250 words - 2

Research Paper Example Likewise, information contained in â€Å"Today’s Job Seeker Report† published by Simply Hired (2012) revealed that from among the American job seekers surveyed, 70% revealed that they use mobile technology to search for job opportunities (Simply Hired, 2012, p. 5). Also, other relevant information disclosed was that 40% of companies rely on social networking sites, particularly Facebook, Twitter, LinkedIn, and even MySpace for recruitment purposes (Kwoh, 2012). A much higher rate of 60% in 2012, as compared to 54% in 2011 was actually reported by Simply Hired (2012) for job seekers to have resorted to social networks. Regardless of the accurate figure, it is evident that job seekers have significantly relied on social networking sites as potential sources of employment; and employers have likewise sought information from these sites to gain more information about prospective applicants and candidates. The currrent discourse hereby aims to present the benefits and costs of using social media during job search. The next section provides relevant and crucial statistical information that identifies the use of specifically identified social networking sites and the users that rely on these for employment. Subsequently, the benefits and disadvantages of using social media would be presented in detail prior to a recommendation and concluding portion. Statistics Use of Social Media in Job Search The information revealed by the Pew Research Center in 2012 has disclosed that the general profile and landscape of social networking site users fall under the following gender and age categories, shown as Table 1, below: Table 1: Profile and Landscape of Social Networking Site Users Social Networking Sites Percentage of Internet Users Demographic Profile Facebook 67% Women, 18 to 29 years old Twitter 16 African Americans, urban residents, 18-29 years old Pinterest 15 Women, white, under 50 years old Instagram 13 African Americans and Latinos, women, urban residen ts, 18 to 29 years old Tumblr 6 Adults 18 to 29 years old Source: Duggan & Brenner, 2013, p. 2 The percentage of internet users identified to be using social networking sites are shown below: Figure 1: Percent of Social Networking Site Users As noted above, both potential applicants and employers utilize these sites for employment purposes. Since Facebook leads in social networking site users, it was reported in the Huffington Post (2012) that â€Å"a survey commissioned by the online employment website CareerBuilder has found that 37 percent of hiring managers use social networking sites to research job applicants, with over 65 percent of that group using Facebook as their primary resource† (37 Percent Of Employers Use Facebook To Pre-Screen Applicants, New Study Says, 2012, par. 1). More interesting are the findings from a survey conducted by the Corporate Executive Board cited by Kwoh (2012) that provided explicit insights from the perspectives of employers which revealed that since employers are making their respective research on potential candidates for employment, those who apparently lie on their resume, provide fake references, and seek unrealistic salaries were found to be the top three pitfalls that should

The English Patient Essay Example for Free

The English Patient Essay Identity Crisis in Michael Ondaatjes The English Patient Lerzan G?ltekin Atillm University in Ankara, Turkey [emailprotected] edu. tr Abstract The aim of this paper is to analyze identity crisis in Michael Ondaatjes The English Patient from a postcolonial perspective through the concept of nationalism and national identity, emphasizing cultural, psychological and physical displacement due to colonization, travelling, exploration and space / place (cartography), referring to the theories and views of Benedict Anderson, Homi Bhabba, Franz Fanon, Edward Said, and so on. The paper will mainly focus on the erasure of the national identities and selves of a group of European explorers, scientists and spies, including the colonized Kip, an Indian, serving as a bomb defuser in the British Army. Even though these scientists mission is to map the desert, they can hardly achieve it. The desert is uncontrollable and unreliable because of sand storms. Its surface changes rapidly and one can be lost forever. In other words, the desert is the metaphor of their unreliable national identities that are fragmented and varied because of their traumatic personal xperiences in this alien landscape and culture. The paper will emphasize the fragility of identities and selves even for those who represent European civilization and Imperial Rule as hegemonic powers together with the colonized Kip who is shaped by these powers as a hybrid identity. Key Words: hybridity, nationalism, national identity, postnationalism, space / place The English Patient is a novel that seeks to explore the problem of identity and displacement, experienced both by colonizer and colonized. As known, identity is a social construct and largely determined by the relationship between self and other. It is through our sense of identity that we identify ourselves as members of various ethnic groups or nations as well as social classes which provide us with a sense of belonging. Likewise, nations are communities which provide a sense of belonging through the individuals feeling of connectedness to his or her fellow men. In other words, individuals think that they are a part of one collective body, namely, a community known as nation, which is in fact an idea, defined by Benedict Anderson as an imagined political community (6). The survival of nations depend upon nvention and performance of traditions, histories, symbols which help people sustain their identity. However, it mostly depends on traditions and narration of history, which are central elements. Therefore, national history is important in the sense that it narrates the past as a common experience that belongs to a community. It creates one particular version of the past and identity to constitue a common past and a collective identity of any given community. In other words, nations are imaginary communities, to use Benedict Andersons phrase, and nationalism is based on the very concept of a unified imaginary community. Furthermore, nations shared territory which they believe they own and therefore have the right to separate from other peoples land by means of borders. As an idea, scholars usually agree that it is Western in origin, that it came into existence with the development of Western capitalism, industrialization and colonial expansion, which paved the way for imperialism. However, starting with the 90s, nationalism, nation and national identity began to lose their significance as the world was becoming increasingly international, particularly after the period of decolonization. The concept of nation / nationalism nd national identity as Western ideas stimulated colonized peoples to develop their own sense of nationalism and national identity against the colonial, national identity of the West. However, this anticolonial nationalism could not provide the colonised peoples with a sense of homogeneous national unity due to the diversity of ethnic groups within them, particularly because the elite nationalist rule neglected the subaltern masses and privileged the elite over the subaltern, which turned nationalism into a rule of elite dominations, as argued by Frantz Fanon in his The Wretched of the Earth. Hence, there emerged from Western capitalism and colonization the concepts of nation and nationalism as indispensible components of imperialist expansion, but failing to bring national liberation to the heterogeneous groups of people in the former colonies despite their opposition to imperialist domination as anticolonial nationalism. Be it colonial or anti-colonial, both are essentialist and racist in the sense that they supported the ruling elite while ignoring the less privileged ethnic groups. The English Patient (hereafter will be cited as EP) is a novel that questions he nation and nationalism that shape identities through colonial and anti-colonial nationalisms. The characters are all exiles from their homeland who have gathered together at the Villa San Girolamo at the end of World War II. Hana is a Canadian nurse, who volunteered for war service and who has to have an abortion because the father of her unborn child has been killed. Furthermore, she is on the verge of a nervous breakdown because of the news of her fathers death by burns and her continous dealing with the wounded and the dying. As the Canadian Infantry Division ontinues to advance in Italy, she stays behind at the villa to nurse a dying burnt man who is called the English patient. The third member of the villa other than these two is Kip, a Sikh, who is a sapper in the British army and finally, Caravaggio, the thief, an Italian-Canadian who was a friend of Hanas father. The novels central figure is the English patient whose identity is already erased as he is burnt beyond recognition. In fact, he is the Hungarian Court Ladislaus de Almasy, a desert explorer who helped the Germans navigate the deserts. Although his duty is to delineate, name and in a ense possess the unmapped desert, which is a vast territory, in the end his own identity, which is the map of his own features, has been erased and he is known only as the English patient. In fact, the inhabitants of the Villa are all diplaced because they are exiles who have found new identities in a place other than their homeland. In a sense, they formed a new community in the Villa, which is like Eden, isolated from the outside world of war and violence. Since the novel questions colonial and colonial hierarchies, particularly the imperial conception of space/place through the apping of the desert, which is an instrument of colonial domination, and the deserts elusiveness because of its vastness and uncontrollable sand storms. In fact, mapping a space means to name it and possess it as it becomes a place as seized territory, which will help invaders, explorers and traders to realize their plans and aspirations. Almasy is aware of the fact that mapping is a form of knowledge for power and domination: The ends of the earth are never the points on a map that colonists push against, enlarging their sphere of influence. On one side servants and slaves and tides of ower and correspondence with the Geographical Society.

Shakespeares Macbeth Meets the Definition of a Tragic Hero Essay examp

Macbeth Meets the Definition of a Tragic Hero      Ã‚  Ã‚  Ã‚   William Shakespeare's tragic play 'Macbeth' contains images of suffering and details the consequences of one's action. The story, set within medieval Scotland, follows the actions of a man destined for greatness.   Macbeth is known to be noble, yet he falters and ultimately falls prey to his conscience.   As a result, Macbeth is the tragic hero of this play because he makes a fatal mistake, he endures great suffering, and he possesses a destructive hamartia. As aforementioned Macbeth's first characteristic of the tragic hero is that he makes a fatal mistake. Macbeth's fatal mistake is that he listens to others too much and he is particularly credulous as to what they say.   Macbeth is swayed by the words of the witches, the Apparitions, and his own wife.   Near the beginning of the play, Macbeth and Banquo encounter three witches. The witches greet Macbeth by hailing him by his two titles, Thane of Cawdor and Glams, and then the Third Witch hails him by saying, "... that shalt be king hereafter.(Mac.1.3.53)"   The witch's statement makes Macbeth believe that since the witch said it, it must be true.   The witches are probably the source for Macbeth's hunger for power over Scotland.   The witches do not ... ...sulted: Campbell, Lily B. "Macbeth : A Study in Fear." Readings on Macbeth. Ed. Clarice Swisher. San Diego: Greenhaven Press, Inc., 1999. 126-35. Kinney, Arthur F. ed. William Shakpespeare: the Tragedies. Boston: Hall and Company, 1985. Shakespeare, William. The Tragedy of Macbeth. Elements of Literature. Sixth ed. Austin: Holt, Rinehart and Winston, 1997. Wadsworth, Frank W. "Shakespeare, William." World Book Online American Edition. Online Edition. Online. Netzero. 26 Mar 2002. "William Shakespeare." BBC Homepage. Online. Available . 26 Mar. 2002. Swisher. San Diego: Greenhaven Press, Inc., 1999. 30-37.

Rural Homelessness Essay -- Exploratory Essays Research Papers

Rural Homelessness As the Joad family lost its farm and hit the road in Steinbeck's classic, The Grapes of Wrath, so to did America lose its ability to plead ignorance to the problem of rural homelessness. Yet, as the troubles of the Great Depression, and two million homeless Americans, were eclipsed by a world at war, the issue of homelessness was once again placed on the back burner, and then taken off of the stove altogether (Davis 275). Although this problem has seldom been discussed in the sixty years since, rural homelessness is again on the rise and threatens to become the major problem facing rural America (Rural Homelessness). Less than ten miles from the intersection of Sprague and Division in downtown Spokane, the problem of rural homelessness in our own community is glaringly evident. At the intersection of Sullivan Road and Interstate 90, in the Spokane Valley, where drivers are momentarily slowed in their rush to get on with life, stands testament that not everyone is sharing in the American dream. With their worn out Levi's, old coats, and sometime mismatched shoes, the homeless work these corners for handouts like pigeons gathered around an old man on a park bench. These people don't ride out here on the number three bus from the STA Plaza, and they don't commute here in the Geos, Hondas, and Cadillacs that are constantly stopping and going with the changing of the lights. The people that ply these corners with their homemade cardboard "Please Help" signs, are here because this is the closest (and therefore most convenient) corner to where they sleep. A short walk along the rocky northern bank of the Spokane River, west of Sullivan, leads to a camp tucked among the ponderosa's in... ...ousing Assistance Council. Jan. 2001. 4 Apr. 2001.http://www.ruralhome.org/pubs/infoshts/rhomeles.htm Vissing, Yvonne. "Homeless Children: Addressing the Challenge in Rural Schools." ERIC Digest. Jan. 1999. 4 Apr. 2001. http://www.ael.org/eric/digests/edorc981.htm. Wilkinson, Todd. "How small-town America handles rural homelessness." Christian Science Monitor. 16 Mar. 1999. 5 Apr. 2001. http://www.csmonitor.com/durable/1999/03/16/fp2s2-csm.shtml Zimmerman, Julie. "Rural Poverty: Myths and Realities." Rural Development News. Volume 21. Number 1. Mar. 1997. 4 Apr. 2001 http://www.ag.iastate.edu/centers/rdev/newsletter/mar97/rural.poverty.html. Zimmerman, Julie. "Rural Poverty: Myths and Realities." Rural Development News. Volume 21. Number 2. June 1997. 4 Apr. 2001. http://www.ag.iastate.edu/centers/rdev/newsletter/june97/rural.poverty.html.

What is enlightenment?

If the mind actually makes perception, this brings about the question whether the outcome has anything to do with the world, or if so, what level. The response to the question, vague, confusing or unusual as it was, made for continuous trouble both in Kant's idea and for a posterity trying to figure him out. To the point that knowledge fully depends on the organization of the mind and not on the world, knowledge would have no connection to the world and is not even true representation, just a solipsistic or intersubjective fantasy. Kantianism looks threatened with the doctrine that we know in our own psychology, not external things. Kant said, in consistent with psychologism that we basically do not know about things as they exist apart from perception. At the same time Kant thought he was trying to defend both a scientific realism, where science really knows the world, and a moral realism, where there is objective moral obligation, for both of which a connection to external existence is essential for enlightenment. Kant believed that rational structure of the mind reflects the rational structure of the world, even of things-in-themselves that the operating system of the processor, through modern analogy, matched the operating system of reality. But Kant had no real argument for this, that is, the ideas of reason just become postulates of morality as well as his system leaves it as something which is unproved. The paradoxes of the efforts of Kant to reconcile some of his conflicting approaches and requirements made it very difficult for the philosophers who came later to take the overall system seriously. Nonetheless, Kant does all kinds of things that seem most appropriate for a non-reductionistic philosophical system and that later philosophy has had trouble doing at all. Kant was able to provide, in phenomenal reality, for a sphere for science that was distinct and separate from anything that would end up relating to enlightenment. The endless confusion as well as conflict which still results from people trying to figure out whether or enlightenment should fit together is fully avoided by Kant, who can say, for instance, that God and divine creation cannot be part of any truly scientific theory due to the fact both involve unconditioned realities, while science can only deal with conditioned realities. In the world, everything affects any other thing, but God is free of any external causal influences. At the same time, Kant can be a phenomenal determinist with science and yet simultaneously allow for freedom and that in a way that will not be entirely explicable to us, a virtue when the very idea of a rational and purposive freedom, and not just subjective choices, but also has involved obscurities that no one has been able to enlighten. Kant's theory tries to prevent psychological explanations for behavior, however enlightening, being used to excuse moral responsibility and accountability. Thus, the disastrous childhood of the defendant, as much as it may be touching and understandable, cannot, to some extent, excuse crimes committed in full knowledge of their significance (Kant 94). The approach used by Kant is also of comparative interest because of the similar ancient Pastors philosophical distinction between conditioned realities, that mostly means that the world of experience, and unconditioned realities, which interestingly include, not only the sphere of salvation, but also space, which of course for Kant was a form imposed a priori on experience by the mind. The problems which must be sorted out with Kant are at the same time formidable. Most crucial is the confusion which results from Kant mixing together two entirely different theories in the Critique of Pure Reason. The first theory explains that the fundamental activity of the mind which is referred to as synthesis, is an activity of thought which applies certain concepts to a previously given perceptual datum from experience.

The Financial System of Bangladesh

Overview of Financial system of Bangladesh The financial system of Bangladesh is comprised of three broad fragmented sectors: 1. Formal Sector, 2. Semi-Formal Sector, 3. Informal Sector. The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like Banks, Non-Bank Financial Institutions (FIs), Insurance Companies, Capital Market Intermediaries like Brokerage Houses, Merchant Banks etc. ; Micro Finance Institutions (MFIs).The semi formal sector includes those institutions which are regulated otherwise but do not fall under the jurisdiction of Central Bank, Insurance Authority, Securities and Exchange Commission or any other enacted financial regulator. This sector is mainly represented by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc. , Non Governmental Organizations (NGOs and discrete government progra ms. About financial MarketThe financial market in Bangladesh is mainly of following types: 1. Money Market: The primary money market is comprised of banks, FIs and primary dealers as intermediaries and savings & lending instruments, treasury bills as instruments. There are currently 15 primary dealers (12 banks and 3 FIs) in Bangladesh. The only active secondary market is overnight call money market which is participated by the scheduled banks and FIs. The money market in Bangladesh is regulated by Bangladesh Bank (BB), the Central Bank of Bangladesh. . Capital market: The primary segment of capital market is operated through private and public offering of equity and bond instruments. The secondary segment of capital market is institutionalized by two (02) stock exchanges-Dhaka Stock Exchange and Chittagong Stock Exchange. The instruments in these exchanges are equity securities (shares), debentures, corporate bonds and treasury bonds. The capital market in Bangladesh is governed by Securities and Commission (SEC). 3.Foreign Exchange Market: Towards liberalization of foreign exchange transactions, a number of measures were adopted since 1990s. Bangladeshi currency, the taka, was declared convertible on current account transactions (as on 24 March 1994), in terms of Article VIII of IMF Article of Agreement (1994). As Taka is not convertible in capital account, resident owned capital is not freely transferable abroad. Repatriation of profits or disinvestment proceeds on non-resident FDI and portfolio investment inflows are permitted freely.Direct investments of non-residents in the industrial sector and portfolio investments of non-residents through stock exchanges are repatriable abroad, as also are capital gains and profits/dividends thereon. Investment abroad of resident-owned capital is subject to prior Bangladesh Bank approval, which is allowed only sparingly. Bangladesh adopted Floating Exchange Rate regime since 31 May 2003. Under the regime, BB does not interfere in the determination of exchange rate, but operates the monetary policy prudently for minimizing extreme swings in exchange rate to avoid adverse repercussion on the domestic economy.The exchange rate is being determined in the market on the basis of market demand and supply forces of the respective currencies. In the forex market banks are free to buy and sale foreign currency in the spot and also in the forward markets. However, to avoid any unusual volatility in the exchange rate, Bangladesh Bank, the regulator of foreign exchange market remains vigilant over the developments in the foreign exchange market and intervenes by buying and selling foreign currencies whenever it deems necessary to maintain stability in the foreign exchange market.Regulators of the Financial System Central Bank Bangladesh Bank acts as the Central Bank of Bangladesh which was established on December 16, 1972 through the enactment of Bangladesh Bank Order 1972- President’s Order No. 127 o f 1972 (Amended in 2003). The general superintendence and direction of the affairs and business of BB have been entrusted to a 9 members' Board of Directors which is headed by the Governor who is the Chief Executive Officer of this institution as well. BB has 40 departments and 9 branch offices.In Strategic Plan (2010-2014), the vision of BB has been stated as, â€Å"To develop continually as a forward looking central bank with competent and committed professionals of high ethical standards, conducting monetary management and financial sector supervision to maintain price stability and financial system robustness, supporting rapid broad based inclusive economic growth, employment generation and poverty eradication in Bangladesh†. The main functions of BB are (Section 7A of BB Order, 1972) – 1. to formulate and implement monetary policy; 2. o formulate and implement intervention policies in the foreign exchange market; 3. to give advice to the Government on the interact ion of monetary policy with fiscal and exchange rate policy, on the impact of various policy measures on the economy and to propose legislative measures it considers necessary or appropriate to attain its objectives and perform its functions; 4. to hold and manage the official foreign reserves of Bangladesh; 5. to promote, regulate and ensure a secure and efficient payment system, including the issue of bank notes; 6. o regulate and supervise banking companies and financial institutions. Core Policies of Central Bank Monetary policy The main objectives of monetary policy of Bangladesh Bank are: †¢Price stability both internal & external †¢Sustainable growth & development †¢High employment †¢Economic and efficient use of resources †¢Stability of financial & payment system Bangladesh Bank declares the monetary policy by issuing Monetary Policy Statement (MPS) twice (January and July) in a year.The tools and instruments for implementation of monetary policy in Bangladesh are Bank Rate, Open Market Operations (OMO), Repurchase agreements (Repo) & Reverse Repo, Statutory Reserve Requirements (SLR & CRR). Reserve Management Strategy Bangladesh Bank maintains the foreign exchange reserve of the country in different currencies to minimize the risk emerging from widespread fluctuation in exchange rate of major currencies and very irregular movement in interest rates in the global money market.BB has established Nostro account arrangements with different Central Banks. Funds accumulated in these accounts are invested in Treasury bills, repos and other government papers in the respective currencies. It also makes investment in the form of short term deposits with different high rated and reputed commercial banks and purchase of high rated sovereign/supranational/corporate bonds. A separate department of BB performs the operational functions regarding investment which is guided by investment policy set by the BB's Investment Committee headed by a Deputy Governor.The underlying principle of the investment policy is to ensure the optimum return on investment with minimum market risk. Interest Rate Policy Under the Financial sector reform program, a flexible interest policy was formulated. According to that, banks are free to charge/fix their deposit (Bank /Financial Institutes) and Lending (Bank /Financial Institutes) rates other than Export Credit. At present, except Pre-shipment export credit and agricultural lending, there is no interest rate cap on lending for banks.Yet, banks can differentiate interest rate up to 3% considering comparative risk elements involved among borrowers in same lending category. With progressive deregulation of interest rates, banks have been advised to announce the mid-rate of the limit (if any) for different sectors and the banks may change interest 1. 5% more or less than the announced mid-rate on the basis of the comparative credit risk. Banks upload their deposit and lending interest rate in their respective website. Capital Adequacy for Banks and FIsWith a view to strengthening the capital base of banks & FIs, Basel-II Accord has been introduced in both of these sectors. For banks, full implementation of Basel-II was started in January 01, 2010 (Guidelines on Risk Based Capital Adequacy for banks). Now, scheduled banks in Bangladesh are required to maintain Tk. 4 billion or 10% of Total Risk Weighted Assets as capital, whichever is higher. For FIs, full implementation of Basel-II has been started in January 01, 2012 (Prudential Guidelines on Capital Adequacy and Market Discipline (CAMD) for Financial Institutions).Now, FIs in Bangladesh are required to maintain Tk. 1 billion or 10% of Total Risk Weighted Assets as capital, whichever is higher. Deposit Insurance The deposit insurance scheme (DIS) was introduced in Bangladesh in August 1984 to act as a safety net for the depositors. All the scheduled banks Bangladesh are the member of this scheme Bank Deposit Insurance A ct 2000. The purpose of DIS is to help to increase market discipline, reduce moral hazard in the financial sector and provide safety nets at the minimum cost to the public in the event of bank failure.A Deposit Insurance Trust Fund (DITF) has also been created for providing limited protection (not exceeding Taka 0. 01 million) to a small depositor in case of winding up of any bank. The Board of Directors of BB is the Trustee Board for the DITF. BB has adopted a system of risk based deposit insurance premium rates applicable for all scheduled banks effective from January – June 2007. According to new instruction regarding premium rates, problem banks are required to pay 0. 09 percent and private banks other than the problem banks and state owned commercial banks are required to pay 0. 7 percent where the percent coverage of the deposits is taka one hundred thousand per depositor per bank. With this end in view, BB has already advised the banks for bringing DIS into the notice of the public through displaying the same in their display board. Insurance Authority Insurance Development and Regulatory Authority (IDRA) was instituted on January 26, 2011 as the regulator of insurance industry being empowered by Insurance Development and Regulatory Act, 2010 by replacing its predecessor, Chief Controller of Insurance.This institution is operated under Ministry of Finance and a 4 member executive body headed by Chairman is responsible for its general supervision and direction of business. IDRA has been established to make the insurance industry as the premier financial service provider in the country by structuring on an efficient corporate environment, by securing embryonic aspiration of society and by penetrating deep into all segments for high economic growth.The mission of IDRA is to protect the interest of the policy holders and other stakeholders under insurance policy, supervise and regulate the insurance industry effectively, ensure orderly and systematic growth of the insurance industry and for matters connected therewith or incidental thereto. Regulator of Capital Market Intermediaries Securities and Exchange Commission (SEC) performs the functions to regulate the capital market intermediaries and issuance of capital and financial instruments by public limited companies.It was established on June 8, 1993 under the Securities and Exchange Commission Act, 1993. A 5 member commission headed by a Chairman has the overall responsibility to administer securities legislation and the Commission is attached to the Ministry of Finance. The mission of SEC is to protect the interests of securities investors, to develop and maintain fair, transparent and efficient securities markets and to ensure proper issuance of securities and compliance with securities laws. The main functions of SEC are: †¢Regulating the business of the Stock Exchanges or any other securities market. Registering and regulating the business of stock-brokers, sub-broke rs, share transfer agents, merchant bankers and managers of issues, trustee of trust deeds, registrar of an issue, underwriters, portfolio managers, investment advisers and other intermediaries in the securities market. †¢Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds. †¢Monitoring and regulating all authorized self regulatory organizations in the securities market. †¢Prohibiting fraudulent and unfair trade practices in any securities market. Promoting investors’ education and providing training for intermediaries of the securities market. †¢Prohibiting insider trading in securities. †¢Regulating the substantial acquisition of shares and take-over of companies. †¢Undertaking investigation and inspection, inquiries and audit of any issuer or dealer of securities, the Stock Exchanges and intermediaries and any self regulatory organization in the securities market. †¢Conducting researc h and publishing information. Regulator of Micro Finance InstitutionsTo bring Non-government Microfinance Institutions (NGO-MFIs) under a regulatory framework, the Government of Bangladesh enacted â€Å"Microcredit Regulatory Authority Act, 2006’† (Act no. 32 of 2006) which came into effect from August 27, 2006. Under this Act, the Government established Microcredit Regulatory Authority (MRA) with a view to ensuring transparency and accountability of microcredit activities of the NGO-MFIs in the country. The Authority is empowered and responsible to implement the said act and to bring the microcredit sector of the country under a full-fledged regulatory framework.MRA’s mission is to ensure transparency and accountability of microfinance operations of NGO-MFIs as well as foster sustainable growth of this sector. In order to achieve its mission, MRA has set itself the task to attain the following goals: †¢To formulate as well as implement the policies to ensu re good governance and transparent financial systems of MFIs. †¢To conduct in-depth research on critical microfinance issues and provide policy inputs to the government consistent with the national strategy for poverty eradication. To provide training of NGO-MFIs and linking them with the broader financial market to facilitate sustainable resources and efficient management. †¢To assist the government to build up an inclusive financial market for economic development of the country. †¢To identify the priorities in the microfinance sector for policy guidance and dissemination of information to attain the MRA’s social responsibility. According to the Act, the MRA will be responsible for the three primary functions that will need to be carried out, namely: †¢Licensing of MFIs with explicit legal powers; Supervision of MFIs to ensure that they continue to comply with the licensing requirements; and †¢Enforcement of sanctions in the event of any MFI failing to meet the licensing and ongoing supervisory requirements. Banks After the independence, banking industry in Bangladesh started its journey with 6 Nationalized commercialized banks, 2 State owned Specialized banks and 3 Foreign Banks. In the 1980's banking industry achieved significant expansion with the entrance of private banks.Now, banks in Bangladesh are primarily of two types: †¢Scheduled Banks: The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003) are termed as Scheduled Banks. †¢Non-Scheduled Banks: The banks which are established for special and definite objective and operate under the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks cannot perform all functions of scheduled banks. There are 47 scheduled banks in Bangladesh who operate under full control and supervision f Bangladesh Bank which is empowered to do so through Bangladesh Bank Order, 1972 and Bank Company Act, 1991. S cheduled Banks are classified into following types: †¢State Owned Commercial Banks (SOCBs): There are 4 SOCBs which are fully or majorly owned by the Government of Bangladesh. Nationalized Commercial Bank of Bangladesh: †¢Sonali Bank †¢Agrani Bank †¢Rupali Bank †¢Janata Bank †¢ †¢Specialized Banks (SDBs): 9 specialized banks are now operating which were established for specific objectives like agricultural or industrial development. These banks are also fully or majorly owned by the Government of Bangladesh. . Karmasangsthan Bank 2. Bangladesh Krishi Bank 3. Rajshahi Krishi Unnayan Bank 4. Progoti Co-operative Landmortgage Bank Limited (Progoti BanK) 5. Grameen Bank 6. Bangladesh Development Bank Ltd 7. Bangladesh Somobay Bank Limited(Cooperative Bank) 8. Ansar VDP Unnyan Bank 9. BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited †¢ †¢Private Commercial Banks (PCBs): There are 37 private commercial banks which are m ajorly owned by the private entities. PCBs can be categorized into two groups: 1. United Commercial Bank Limited 2. Mutual Trust Bank Limited 3. BRAC Bank Limited . Eastern Bank Limited 5. Dutch-Bangla Bank Limited 6. Dhaka Bank Limited 7. Islami Bank Bangladesh Ltd 8. Uttara Bank Limited 9. Pubali Bank Limited 10. IFIC Bank Limited 11. National Bank Limited 12. The City Bank Limited 13. NCC Bank Limited 14. Mercantile Bank Limited 15. Prime Bank Limited 16. Southeast Bank Limited 17. Al-Arafah Islami Bank Limited 18. Social Islami Bank Limited 19. Standard Bank Limited 20. One Bank Limited 21. Exim Bank Limited 22. Bangladesh Commerce Bank Limited 23. First Security Islami Bank Limited 24. The Premier Bank Limited 25. Bank Asia Limited 26.Trust Bank Limited 27. Shahjalal Islami Bank Limited 28. Jamuna Bank Limited 29. ICB Islamic Bank 30. AB Bank 31. Social Investment Bank Ltd 32. Union Bank 33. Modhumati Bank 34. The Farmers' Bank 35. Midland Bank 36. Meghna Bank 37. South Bangla Agriculture and Commerce Bank †¢Conventional PCBs: 23 conventional PCBs are now operating in the industry. They perform the banking functions in conventional fashion interest based operations. †¢Islami Shariah based PCBs: There are 7 Islami Shariah based PCBs in Bangladesh and they execute banking activities according to Islami Shariah based principles i. . Profit-Loss Sharing (PLS) mode. . †¢Foreign Commercial Banks (FCBs): 10 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad. 10 foreign commercial banks are operating in Bangladesh. These are – 1. Citibank 2. HSBC 3. Standard Chartered Bank 4. Commercial Bank of Ceylon 5. State Bank of India 6. Habib Bank Limited 7. National Bank of Pakistan 8. Woori Bank 9. Bank Alfalah 10. ICICI Bank There are now 4 non-scheduled banks in Bangladesh which are: †¢Ansar VDP Unnayan Bank, †¢Karmashangosthan Bank, †¢Probashi Kollyan Bank, †¢Jubilee Bank FIsNon Bank Financial Institutions (FIs) are those types of financial institutions which are regulated under Financial Institution Act, 1993 and controlled by Bangladesh Bank. Now, 31 FIs are operating in Bangladesh while the maiden one was established in 1981. Out of the total, 2 is fully government owned, 1 is the subsidiary of a SOCB, 13 were initiated by private domestic initiative and 15 were initiated by joint venture initiative. Major sources of funds of FIs are Term Deposit (at least six months tenure), Credit Facility from Banks and other FIs, Call Money as well as Bond and Securitization.The major difference between banks and FIs are as follows: †¢FIs cannot issue cheques, pay-orders or demand drafts. †¢FIs cannot receive demand deposits, †¢FIs cannot be involved in foreign exchange financing, †¢FIs can conduct their business operations with diversified financing modes like syndicated financing, bridge financing, lease financing, securitization instruments, privat e placement of equity etc. Capital market After the independence, establishment of Dhaka Stock Exchange (formerly East Pakistan Stock Exchange) initiated the pathway of capital market intermediaries in Bangladesh.In 1976, formation of Investment Corporation of Bangladesh opened the door of professional portfolio management in institutional form. In last two decades, capital market witnessed number of institutional and regulatory advancements which has resulted diversified capital market intermediaries. At present, capital market intermediaries are of following types: 1. Stock Exchanges: Apart from Dhaka Stock Exchange, there is another stock exchange in Bangladesh that is Chittagong Stock Exchange established in 1995. 2.Central Depository: The only depository system for the transaction and settlement of financial securities, Central Depository Bangladesh Ltd (CDBL) was formed in 2000 which conducts its operations under Depositories Act 1999, Depositories Regulations 2000, Depository (User) Regulations 2003, and the CDBL by-laws. 3. Stock Dealer/Sock Broker: Under SEC (Stock Dealer, Stock Broker & Authorized Representative) Rules 2000, these entities are licensed and they are bound to be a member of any of the two stock exchanges. At present, DSE and CSE have 238 and 136 members respectively. . Merchant Banker & Portfolio Manager: These institutions are licensed to operate under SEC (Merchant Banker & Portfolio Manager Rules) 1996 and 45 institutions have been licensed by SEC under this rules so far. 5. Asset Management Companies (AMCs): AMCs are authorized to act as issue and portfolio manager of the mutual funds which are issued under SEC (Mutual Fund) Rules 2001. There are 15 AMCs in Bangladesh at present. 6. Credit Rating Companies (CRCs): CRCs in Bangladesh are licensed under Credit Rating Companies Rules, 1996 and now, 5 CRCs have been accredited by SEC. 7.Trustees/Custodians: According to rules, all asset backed securitizations and mutual funds must have an accredited trusty and security custodian. For that purpose, SEC has licensed 9 institutions as Trustees and 9 institutions as custodians. 8. Investment Corporation of Bangladesh (ICB): ICB is a specialized capital market intermediary which was established in 1976 through the ordainment of The Investment Corporation of Bangladesh Ordinance 1976. This ordinance has empowered ICB to perform all types of capital market intermediation that fall under jurisdiction of SEC. ICB has three subsidiaries: 8. 1.ICB Capital Management Ltd. , 8. 2. ICB Asset Management Company Ltd. , 8. 3. ICB Securities Trading Company Ltd. Insurance Insurance sector in Bangladesh emerged after independence with 2 nationalized insurance companies- 1 Life & 1 General; and 1 foreign insurance company. In mid 80s, private sector insurance companies started to enter in the industry and it got expanded. Now days, 62 companies are operating under Insurance Act 2010. Out of them- †¢18 are Life Insurance Compani es including 1 foreign company and 1 is state-owned company, †¢44 General Insurance Companies including 1 state-owned company.Insurance companies in Bangladesh provide following services: 1. Life insurance, 2. General Insurance, 3. Reinsurance, 4. Micro-insurance, 5. Takaful or Islami insurance. Micro Finance Institutions (MFIs) The member-based Microfinance Institutions (MFIs) constitute a rapidly growing segment of the Rural Financial Market (RFM) in Bangladesh. Microcredit programs (MCP) in Bangladesh are implemented by various formal financial institutions (nationalized commercial banks and specialized banks), specialized government organizations and Non-Government Organizations (NGOs).The growth in the MFI sector, in terms of the number of MFI as well as total membership, was phenomenal during the 1990s and continues till today. Despite the fact that more than a thousand of institutions are operating microcredit programs, but only 10 large Microcredit Institutions (MFIs) a nd Grameen Bank represent 87% of total savings of the sector and 81% of total outstanding loan of the sector. Through the financial services of microcredit, the poor people are engaging themselves in various income generating activities and around 30 million poor people are directly benefited from microcredit programs.Credit services of this sector can be categorized into six broad groups: i) general microcredit for small-scale self employment based activities, ii) microenterprise loans, iii) loans for ultra poor, iv) agricultural loans, v) seasonal loans, and vi) loans for disaster management. Currently, 599 institutions (as of October 10 2011) have been licensed by MRA to operate Micro Credit Programs. But, Grameen Bank is out of the jurisdiction of MRA as it is operated under a distinct legislation- Grameen Bank Ordinance, 1983. Recent Developments in Financial Sector of BangladeshAutomation and Technological Development: Banking sector experienced remarkable progress in respect of automation in functioning in last several years. For the pro-active and forward-visioning approach of Bangladesh Bank, numbers of automation initiatives have been implemented in banking sector. These initiatives include: †¢To create a disciplined environment for borrowing, the automated Credit Information Bureau (CIB) service provides credit related information for prospective and existing borrowers. With this improved and efficient system, risk management will be more effective.Banks and financial institutions may furnish credit information to CIB database 24 by 7 around the year; and they can access credit reports from CIB online instantly. †¢L/C Monitoring System has been introduced for preservation and using the all necessary information regarding L/C by the banks through BB website. This system allows the authorized users of banks to upload and download their L/C information. †¢ In terms of article 36(3) of Bangladesh Bank Order, 1972, all scheduled banks are subject to submit Weekly Statement of Position as at the close of business on every Thursday to the Department of Off-site Supervision.This statement now is submitted through on-line using the web upload service of BB website within o3 (three) working days after the reporting date which is much more time and labor efficient that the earlier manual system. †¢The e-Returns service has been introduced which is An Online Portal Service for Scheduled Banks to submit Electronic Returns using predefined template for the purpose of Macro Economy Analysis through related BB Departments. †¢Online Export Monitoring System is used for monitoring export of Bangladesh. Through this service, Banks and AD Branches of Banks issue & reports export report. Bangladesh Automated Clearing House (BACH) started to work by replacing the ancient manual clearing system which allows the inter-bank cheques and similar type instruments to be to settled in instant manner. †¢Electronic Fund Transfer (EFT) has been introduced which facilitates the banks to make bulk payments instantly and using least paper and manpower. †¢The initiation of Mobile Banking has been one of the most noteworthy advancement in banking. Through this system, franchises of banks through mobile operators can provide banking service to even the remotest corner of the country. Almost every commercial bank is now using their own core banking solution which has made banking very faster and efficient. Usage of plastic money has much more increased in daily life transactions. Full or partial online banking is now being practiced by almost every bank. Inauguration of internet trading in both of the bourses (DSE & CSE) in the country is the most significant advancement for capital market in last several years. Micro Finance Institutions submit their reports to the regulator through the Online Report Submission Tools for MFIs. Institutional Development:Through the Central Bank Strengthening Project, there ha ve been a good number of achievements regarding the institutional development in BB which can be observed below: †¢The implementation of Enterprise Resource Planning (ERP) has been a big step in automation of operational structure of BB. †¢The establishment of Enterprise Data Warehouse (under process) will bring the whole banking and FI industry under a single network through which data sharing, reporting and supervision will enter in a new horizon. †¢Bangladesh Bank now possesses the most informative and resourceful website of the country regarding economic and financial information. Internal networking system with required online communication facilities have been developed and in operation for the officers of BB. †¢BB has hosted number of international seminars on different economic and financial issues over last several years. MRA was established in 2006 for bringing NGO-MFIs under supervision. For the pro active role of MRA, this sector (MFI) is now in a goo d shape regarding the accountability and regulation. For abolishing anomaly and fetching discipline in insurance industry, IDRA was established in 2011.In one year, IDRA has taken number of appreciable steps to regularize this industry. After the massive crash of local bourses in 2010-2011, the executive body of SEC was redesigned in full and some good results have come after that. Regulatory Development: Banking and FI industries have experienced diversified regulatory development over last few years: †¢Full implementation of Basel-II (International capital adequacy standard) accord has been in effect in both banking and FI industry. †¢Guidelines on Environmental and Climate Change Risk Management for banks and FIs have been circulated.Policy guidelines on Green Banking also have been issued. †¢Guidelines on Stress Testing for banks and FIs have been issued which is aimed to assess the resilience of banks and FIs under different adverse situations. †¢Number of P olicy initiatives for Financial Inclusion has been undertaken. †¢Banks have been asked to build up separate Risk Management Unit for comprehensive and intensive risk management. †¢Banks have been instructed to create separate subsidiary for capital market operations and capital market operations of banks are now minutely monitored. Supervision has been intensified to increase the participation of banks in Corporate Social Responsibility (CSR). †¢For the efficient and timely action of BB, foreign exchange reserve of Bangladesh did not face any adversity during global financial turmoil of 2007-09. †¢To meet international standard on Anti Money Laundering (AML)/Combating Financing of Terrorism (CFT) issues, guidelines for Money Changers, Insurance Companies and Postal Remittance have already been circulated. SEC has updated Public Issue Rules, 2006 and Mutual Fund Rules, 2001.Apart from that, numbers of AMCs, merchant banks and are Mutual Funds are permitted by SEC which has increased the participation of institutional investors. The trend of capital market research has been upward which indicates the potential of analytical investment decision. Insurance Act 2010 was formulated to meet demand of concurrent time for shifting the insurance industry in a better shape. Apart from that, several initiatives have been undertaken by IDRA for prohibiting the malpractices in the industry regarding insurance commission, agent, premium etc and corporate governance issues.Banks As on June 2011 Deposits AdvancesTotal Capital*No. of Branches 4115855. 50 Million3212848. 70 Million461697. 00 Million7772 FIs As on December 2010 Deposits Loans and leasesAssetsShare Capital & ReserveNo. of Branches 94374. 80 Million321284. 87 Million251527. 34 Million44689. 29 Million115 Insurance As on December 2009 AssetShare CapitalReserve Life Insurance118020. 15 Million1245. 54 Million106098. 88 Million Non-Life Insurance42622. 90 Million6653. 83 Million12133. 30 Million Ca pital MarketMarket Capitalization of Dhaka Stock Exchange As on September 2011 All Listed Securities2,782,901Million All Listed Companies Shares2,202,274 Million All Listed Mutual Funds35,733 Million All Debentures576 Million All Listed Govt. T-Bonds537,381 Million All Listed Corporate Bonds6,937 Million MFIs As on June 2009 Total Outstanding Number of ClientsNumber of BorrowersNo. of Branches 1,21,881. 85 Million24. 77 Million19. 50Million 18,022 * Sum of Tier-I, Tier-II and Tier-II Capital Components Related article: Padma Bridge