Evalutating country risk analysis Essay Example | Topics and Well Written Essays - 1000 words

Evalutating country risk analysis - Essay Example This inter mix of factors creates a complexity in understanding and application of CRA. (Meldrum: 2000). The measures used for risk evaluation may differ based on the experience and judgement of analysts. These may employ a number of common points initially and then lead to detailed discussion of specific issues affecting a specific sphere of interest. Thus a combination of actual and potential imbalances are calculated to apply to a broad investment category.These decisions are judgemental and hence may have limited universal application across the board. (Meldrum: 2000). Broadly the measures applied by the Political Risk Services' International Country Risk Guide (ICRG) for CRA include political, economic and financial risk. The ICRG also calculates a composite risk which is generally evolved from these base indices. A final measure which some analysts examine with reference to CRA is Institutional Investor's country credit ratings. Thus it would be seen that information is defined in a number of ways. (Erb.Harvey.Tadas:1996). Another problem in CRA is limited availability of historical data in emerging economies. This increases the uncertainty of future prediction. (Damodaran: 2004). Since risk implies identification of a well defined event from a large number of observations which is amenable to probability analysis, lack of the same results in basing CRA on uncertainy. (Meldrum: 2000). Thus analysts tend to construct the risk based on judgmental factors rather than probabilistic criteria. CRA ratings which are easily accessible are by ratings age ncies which measure default risk and equity risk which is generally derived. (Damodaran: 2003). These differing perspectives necessitate the need to evolve systematic methodologies for CRA. Impact of Differing Geographical and Time Perspectives Risks between countries can vary due to national differences in economy, policy, geography, currency and a host of socio-political factors. For example comparing the period in Romania in the pre and post Cold War era uniformly is likely to result in totally varied results. However many times risk analysts tend to use uniform criteria to assess country risks beyond time as well as situations differential faced in making such an assessment. While inclusive country risk measures are correlated with each other, for higher returns risk analysts recommend value-oriented strategies across the board which may create anomalies. (Erb.Harvey.Tadas:1996). Thus factors which are common for all countries need to be identified. Application of financial risk measures is likely to be done uniformly evolving information of future expected returns and political risk criteria are likely to be ignored. (Erb.Harvey.Tadas:1996). This is supported by evidence from ICRG composite, financial and economic ratings, which appear standardised. (Erb.Harvey.Tadas:1996). While economic factors are also evolving the real challenge is to assess the political risk particularly in emerging economies as Romania. Problems of Quantitative and Qualitative Methods CRA include a mix of qualitative and quantitative analysis. Some as the Bank of America World Information Services is based exclusively on quantitative information while the Institutional Investor is a qualitative survey based on opinions of banking professionals taking a number of non quantitative factors

Why the approach of Radical Feminism to prostitution is most superior Essay

Why the approach of Radical Feminism to prostitution is most superior - Essay Example While some see no problem with prostitution and defend it, others strongly call for the force of law to dispel this horrendous activity which has grave social repercussions. Many approaches have been identified by scholars over the years to understand and analyze the issue of prostitution. The three key approaches identified by Jaggar in her paper are related to liberalism, radical feminism, and classical Marxism. Each one of these approaches is comprehensively explicated and related to prostitution to analyze the merits offered by all three. My argument is this essay is that of all three approaches, radical feminism is the most preferable approach to prostitution because I believe that the women who engage in this practice do not engage out of free will, but are forced to do so being victims of oppression. To clarify this argument, I will start by briefly discussing the theme of both the liberal and Marxist approaches first and then I will scrutinize my preferred approach at length to prove why it is better. I will also include one objection to my position on this subject. According to the liberal approach as discussed by Jaggar, considering the practice of prostitution illegal or offensive is both a conservative and objectionable ideology. Proponents of this approach argue that prostitution should be decriminalized because taking legal measures against it would be a clear violation of thousands of women’s rights who engage in this practice by full consent. They also claim that any psychological or emotional disadvantages brought by offering sexual services are dwarfed by many benefits in the form of financial assistance ensured by this activity to women. Such liberals consider the defenders of radical feminism arrogant and manipulative who in the name of defending women’s rights actually work to make them more disadvantaged. The liberal approach disapproves equating prostitution to sexual abuse of women. This thought is based on the belief that prostitution is not public but private immorality due to which it cannot be considered a concern of criminal law enforcement agencies. Criminal law should only be concerned with the sources of public immorality like pornography which is a far cry from prostitution. This approach stresses that opponents should realize the staggering difference between prostitution which is harmless and pornography which can be harmful and not attempt to mingle them. Willingly or consciously selling sexual services is not the kind of activity which infringes on public order and decency, so there should be no penalties for people who are involved in this practice on any level (Jaggar, 1980, pp. 349-50). The Marxist approach is not as simplistic as the liberal approach and has more depth to it. This approach draws conclusions about prostitution after analyzing myriad effects produced by it on the society as the social context of any activity is considered critically important here. Marxists agree that p rostitution translates into selling sexual services, but they also argue that this activity resembles marriage a lot in which a woman exchanges same services which are exchange in prostitution in return for financial support ensured by her husband. In the marriage, a man is willing to provide for the woman on the condition that she acknowledges and fulfills his sexual needs. Same is the case in prostitution in which a woman consents to offer sexual services in exchange for money from the men she attends. However, the difference is that a marriage is a legalized relationship approved by the social norms, while prostitution is not legalized and the women who are a part of this are called many derogatory names by the society. It is claimed by

Letter to Friend Congratulating on Sucess Essay Example for Free

Letter to Friend Congratulating on Sucess Essay It gives me great pleasure that you have topped the list of successful candidates in the Board Examination. It is all the more delightful to learn that you have secured distinction in all the subjects and in Mathematics you have secured 99% marks. Your grand success is a matter of pride for your family, friends, teachers and our school as well. It is, in fact, the result of your hard work and dedication, sacrifice and concentration. You have been very consistent all along your studies. You never ignored your studies. It has paid well now. Indeed, it is a moment of celebration particularly for your parents who have been very careful for all your needs and comforts. This success has opened up the door to various opportunities for your career. You can get admission in any of the good colleges in India. A bright future awaits you. Your bright success has secured your career. Again my heartiest congratulations on the happy occasion I am confident you will maintain this performance in future. Keep upthespiritand be careful to your health and performance. We will met soon to have a treat. With lots of good wishes for a bright future. Yours sincerely, Rishika My Dear Pramod, I am glad to see your result in today’s Rakasthan Patrika. Your outstanding performance in the RAS examination has secured you a good rank. I conveyed this happy news to my father who was sitting beside me. He too was overjoyed. I thank god for his kindness and wish you a bright future. You have been intelligent and diligent in your school and college days. Certainly, your success is due to god’s grace as well as your hard work and timely guidance of your respected parents. Keep it up! You will be of great asset to your family and more over to this nation. Please guide your sister also to overcome her IAS examinations which are due in November. Please convey my respectful compliments to your parents. Again, congratulations to you! Yours sincerely, Raj Kumar

Segregation and Housing in Chicago :: American America History

Segregation and Housing in Chicago Chicago was the best place to live and visit for anyone. Many people traveled from far places to visit and live in Chicago. Long after the World War II many things started reshaping America. One of the most significant was the racial change all over America but specifically in Chicago. Many southern blacks started to move into Chicago. Chicago started to become mostly dominated by blacks and other minorities while whites started to move into the suburbs of Chicago. "Beginning in the 1930s, with the city's black population increasing and whites fleeing to the suburbs, the black vote became a precious commodity to the white politicians seeking to maintain control" (Green, 117). Many of the mayors such as Edward J. Kelly, Martin H. Kennelly, and Richard J. Daley won over the blacks and got their votes for them to become mayor. The black population grew by 77 percent by the 1940. The white population dropped from 102,048 to 10,792 during the years of 1940 to 1960. With all of these peopl e moving into Chicago there had to be more housing. There were many houses built to accommodate all the people. Martin H. Kennelly at one time wanted to tear down slums and have public housing built in the black ghetto. Many of the blacks wanted to escape these ghettos so some of them; if they could they would try to move to the white communities. When the blacks would try to move into the white communities they were met with mobs. There were many hurdles that blacks had to overcome not only in Chicago but all over America. The blacks of Chicago had to fight for a place to live and to find a mayor that would help them for who they are, not their color. Throughout Chicago there were many fights that blacks had to fight. It was not easy for blacks to live in the city because everywhere they went they were faced with whites trying to get them to move out. Led by comedian Dick Gregory, 75 people protested in the Bridgeport neighborhood. As these protestors walked many people of the Bridgeport neighborhood threw eggs and tomatoes, showed Ku Klux Klan signs and shouted, "Two-four-six-eight, we don't want to integrate and Oh, I wish I was an Alabama trooper, that is what I'd really like to be-ee-ee. Cuz if I was and Alabama trooper, I could kill the niggers legally" (Biles, 112). Segregation and Housing in Chicago :: American America History Segregation and Housing in Chicago Chicago was the best place to live and visit for anyone. Many people traveled from far places to visit and live in Chicago. Long after the World War II many things started reshaping America. One of the most significant was the racial change all over America but specifically in Chicago. Many southern blacks started to move into Chicago. Chicago started to become mostly dominated by blacks and other minorities while whites started to move into the suburbs of Chicago. "Beginning in the 1930s, with the city's black population increasing and whites fleeing to the suburbs, the black vote became a precious commodity to the white politicians seeking to maintain control" (Green, 117). Many of the mayors such as Edward J. Kelly, Martin H. Kennelly, and Richard J. Daley won over the blacks and got their votes for them to become mayor. The black population grew by 77 percent by the 1940. The white population dropped from 102,048 to 10,792 during the years of 1940 to 1960. With all of these peopl e moving into Chicago there had to be more housing. There were many houses built to accommodate all the people. Martin H. Kennelly at one time wanted to tear down slums and have public housing built in the black ghetto. Many of the blacks wanted to escape these ghettos so some of them; if they could they would try to move to the white communities. When the blacks would try to move into the white communities they were met with mobs. There were many hurdles that blacks had to overcome not only in Chicago but all over America. The blacks of Chicago had to fight for a place to live and to find a mayor that would help them for who they are, not their color. Throughout Chicago there were many fights that blacks had to fight. It was not easy for blacks to live in the city because everywhere they went they were faced with whites trying to get them to move out. Led by comedian Dick Gregory, 75 people protested in the Bridgeport neighborhood. As these protestors walked many people of the Bridgeport neighborhood threw eggs and tomatoes, showed Ku Klux Klan signs and shouted, "Two-four-six-eight, we don't want to integrate and Oh, I wish I was an Alabama trooper, that is what I'd really like to be-ee-ee. Cuz if I was and Alabama trooper, I could kill the niggers legally" (Biles, 112).

Nelson Mandela a Transformation Leader

Nelson Mandela A Transformation Leader This week we are asked to discuss a prominent leader that we admire, Nelson Mandela was an easy choice for me. An effective leader according to the text is â€Å"someone who works with, motivates, and helps followers to attain their common organizational goals† (Weiss, 2011, p. 234). This definition is true of Mandela and his transformational leadership style has impacted his followers and the people around him. I think he is a transformational leader that many leaders should inspire to become more like.Mandela used his ethical, charismatic, authority to inspire his nation to change and exemplifies transformational leadership. The four characteristics of a transformational leader, along with other characteristics like charisma, ethics, and being a servant are all embodied in the leadership of Mandela and make him a true inspiration. A transformational leader according to the text â€Å"influence, inspire move and latterly transform follo wers to achieve organizational goals beyond their self interest’(Weiss, 2011, p. 1). Nelson Mandela freed South Africa from the system of racism and violent prejudice to help the whole nation. He often said that â€Å"Courage is not the absence of fear–it's inspiring others to move beyond it†(Stengel, 2008, par. 5). This is one of the major components of a transformational leader, the ability to inspire others. He used his inspirational motivation to focus efforts and unite the entire nation. Nelson spent his life being the role model he wanted others to follow.When he got out of jail he included the people he despised such as his jailers and the people that imprisoned him in his cabinet because he knows the importance of elevating others. One article stated that Mandela did this because â€Å" leadership is not about helping those who already love you to love you more – it’s about convincing those who doubt you that you can be trusted† (Bar ling, 2010, p. 3). This is the example of idealized influence that Mandela used to be a transformational leader. He also gave individualized consideration to the people that he leads.Mandela was a very hands on leader, he took the time to learn the Afrikaans language so he could communicate with them. According to Stengel â€Å"  By speaking his opponents' language, he might understand their strengths and weaknesses and formulate tactics accordingly. But he would also be ingratiating himself with his enemy† (2008, par. 18). Nelson would attend funerals and call people on there birthdays. In using the personal approach with his followers he demonstrated the characteristics of individualized consideration in transformational leadership.He also has the last characteristic of a transformational leader, intellectual simulation. Mandela helped people even while he was imprison. He encouraged the other prisoners to educate themselves. He also helped to push the freedom charter. Ma ndela shared his knowledge and while he was in prison he would also use his education as a lawyer to help the warders with their legal problems. Mandela used his leadership style to bring changes to his country even at the expense of his freedom. Mandela also demonstrates the qualities of a servant leader.From the very beginning he had one goal of uniting both white and black Africans for the good of the nation, Nelson’s primary goal was helping others. He also was a good listener and would often be the last one to speak in conferences he had with his cabinet, he knew that letting other people think they were leading was often the best way to go. He inspired others through trust when he allowed the same people that imprisoned him to be a part of his presidency. He worked towards feasible goals and when he realized it was not feasible he let it go.For example Nelson wanted to change the voting age to fourteen but when he realized that he did not have support he let the issue g o knowing it would just be a waste of time. Mandela always helped people, even in jail he helped wardens and other inmates. Nelson used his knowledge to help people and never expected anything in return. Another great characteristic was he is authentic, what you see is what you get. Nelson Mandel is a transformational leader with ethical, charismatic, and servant characteristics that helped change a nation with a leadership style that was selfless and committed.He is the example of a leader that I would strive to be like. Having a charismatic, ethical image has helped him reach goals that others thought would not be possible. I would strive to be as inspiring as he has been in some of the tough situations he has faced. I think that he shows how positive a transformational leader can be for a country. References Barling, J. (2010) Transformational Leadership. Retrieved from http://www. iedp. com/Pages/DocumentManager/Transformational%20Leadership%20by%

What Is Petroleum Jelly Chemical Composition

Question: What Is Petroleum Jelly? Petroleum jelly or petrolatum was discovered as a paraffin-like material coating oil rigs. Since then, it has been used in various ointments and as a lubricant. Here is a look at what petroleum jelly is and its chemical composition. Answer: Petroleum jelly is made by the waxy petroleum material that formed on oil rigs and distilling it. The lighter and thinner oil-based products make up petroleum jelly, also known as white petrolatum or simply as petrolatum. Robert Chesebrough is the chemist who devised and patented this process (U.S. Patent 127,568) in 1872. Basically, the crude material undergoes vacuum distillation. The still residue is then filtered through bone char to yield petroleum jelly. At room temperature, petroleum jelly is an odorless semi-solid which consists of a mixture of hydrocarbons. The primary hydrocarbon is 1,1,2-Trimethylbenzeindole (C15H15N), which has a CAS number 8009-03-8. Petroleum Jelly Uses Petroleum jelly is an ingredient in many cosmetics and lotions. Originally it was marketed as a burn ointment. While petroleum jelly does not cure burns or other wounds, it does seal a cleaned burn or injury off from contamination or further infection. Petroleum jelly also may be applied to dry or chapped skin to seal in moisture. A variation known as red veterinary petroleum confers some protection against UV (ultraviolet) exposure and has been used as a sunscreen. Safety Concerns While petroleum jelly is widely used, it often contains Mineral Oil Aromatic Hydrocarbons (MOHA) and polyaromatics, which may be carcinogenic. Sources Kircik, Leon H. (2013). Comparative study of the efficacy and tolerability of a unique topical scar product vs white petrolatum following shave biopsies. Journal of Drugs in Dermatology. 12(1), 86-90. doi: 10.1002/anie.201600521Warentest, Stiftung. Mineralà ¶le in Kosmetika - Kritische Stoffe in Cremes, Lippenpflegeprodukten und Vaseline - Stiftung Warentest. www.test.de.

Mozart Symphony No. 40 - 840 Words

Kendall Kaatz Dr. Galit Kaunitz Music Appreciation 1590-08 Due date: 9/30/14 Mozart Symphony No. 40 The piece that I decide to do was Mozart Symphony No. 40 because it seemed like it would have the most instruments, different dynamics and a different sound to it. There were a lot of instruments you could hear when you first listened to this piece. The first instruments that I heard right away were the violins, flutes, and oboes. As I kept listening I noticed the clarinets, bassoons, cello, viola, and the French horn. The instruments that seemed like they were the most important in this piece were the violins, because they started the piece and through-out the rest of the piece they were always there being the main part of this piece. The melody in the first movement opens with the violins and they are then accompany by the violas and the cello. As you keep listening you notice that French horn, clarinets, flutes, and oboes contribute to the harmony. The first movement is also in the key signature of G minor. As you move through the first movement you enter into the second section which is in a different key. The key signature of the second movement is in B flat major. The instruments that have the melody this time are the violins along with the clarinets and bassoons. The mood through-out the piece to me seemed to have a lightness and grace to it. During the piece I also realized that you pick up on a dark undertone. The dark undertone is in the harmony of theShow MoreRelatedEssay about Analysis of Beethoven Symphony 3 and Mozart Symphony 403307 Words   |  14 PagesBeethoven Symphony No. 3 and Mozart Symphony 40 Forms Sonata form is one of the more popular forms of music that is found in a variety of different works including symphonies, concertos, and sonatas. Sonata form features three distinct sections: the exposition, development, and recapitulation. Mozart was one of the early composers of this form of music. 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