Thursday, December 26, 2019

Juvenile Justice And Delinquency Prevention...

Abstract The purpose of this paper is to research the Juvenile Justice and Delinquency Prevention Reauthorization Act. The paper will focus on the purpose of this legislation, as well as the values that are expressed by this policy. This paper will not only address why this piece of legislation is important it will discuss the effects this act has had on the communities as well as the youths themselves. This paper, will also address the potential for change about the public attitudes towards the juvenile justice system and the social conditions it faces. Arguments will be presented to support the policy as well as arguments that were opposed to the passing of this it. The overall effect of the paper is to provide an overview of the issues surrounding the legislation and the importance of this act being passing for the betterment of the Juvenile Justice System. There are thousands of children that are caught up in the criminal justice system today. For the vast majority of them it will be revolving door. We find ourselves asking what works in juvenile justice system and that is always everyone’s main concern and unfortunately, the most common answer to that question is we don’t know. There is a single important piece of federal legislation affecting youth in juvenile justice systems across the country and it is the primary vessel through which the federal government sets standards for state and local juvenile justice systems. This piece of legislation provides directShow MoreRelatedJuvenile Justice and Delinquency Prevention Act6750 Words   |  27 PagesIntroduction The Juvenile Justice and Delinquency Prevention Act (JJDPA) is the principal federal program through which the federal government sets standards for juvenile justice systems at the state and local levels. It provides direct funding for states, research, training, and technical assistance, and evaluation. The JJDPA was originally enacted in 1974 and even though the JJDPA has been revised several times over the past 30 years, its basic composition has remained the same. Since the act was passedRead MoreLearning Disablilites and Delinquency from our Juveniles1823 Words   |  7 Pagesof our diverse learning disabled children leads to poor school performance, and in a high number of cases juvenile delinquency. Unfortunately, the learning disability rate among delinquent youth is between 30% and 50%, this is in contrast to the number of special education students represented in public school, which is 10% nationally. The stark difference in the percentage of delinquency and learning disabled when compared to the national average of learning disabled has had significant attentionRead MoreJuvenile Crime Issues in Today’s Criminal Justice System18893 Words   |  76 Pagesrights that may be threatened by technological advances and other developments:  ©  ©  ©  © chapter 15 Juvenile Justice chapter 16 Drugs and Crime chapter 17 Terrorism and Multinational Criminal Justice chapter 18 The Future of Criminal Justice These individual rights must be effectively balanced against these present and emerging community concerns: Widespread drug abuse among youth The threat of juvenile crime Urban gang violence High-technology, computer, and Internet crime (cybercrime) TerrorismRead MoreLaw Enforcement in the 21st Century15936 Words   |  64 PagesFederal Agencies Department of Justice Department of Homeland Security Department of the Treasury U.S. Postal Service Tribal Agencies Chapter Objectives ââ€"  Describe the concept of linkage blindness and its importance in the criminal justice system. ââ€"  Understand the police role in maintaining social control. ââ€"  Explain why discretion is a necessary aspect of policing. ââ€"  Explain what is meant by the rule of law. ââ€"  Understand the role of law enforcement in the criminal justice system. ââ€"  Contrast the crimeRead MoreMedicare Policy Analysis447966 Words   |  1792 PagesTITLES, rmajette on DSK29S0YB1PROD with BILLS 4 5 AND SUBTITLES. (a) SHORT TITLE.—This Act may be cited as the 6 ‘‘Affordable Health Care for America Act’’. VerDate Nov 24 2008 12:56 Oct 30, 2009 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3962.IH H3962 2 1 2 (b) TABLE TITLES.—This OF DIVISIONS, TITLES, AND SUB- Act is divided into divisions, titles, and 3 subtitles as follows: DIVISION A—AFFORDABLE HEALTH CARE

Wednesday, December 18, 2019

Macbeth - Tragedy Essay - 1351 Words

According to the classical view, tragedy should arouse feelings of pity and fear in the audience. Does Macbeth do this? Tragedy has most definitely influenced the viewers thoughts on Macbeth within this play. In Shakespeares Macbeth, the audience sees a gradual breakdown in the character of Macbeth himself, due to the tragic events that unfold during the play. This has a direct effect on the audiences views and thoughts of Macbeth, thus creating pity and fear within the audience. Macbeth, being a man and a human being himself, is in-clined to some forms of temptation, to which man himself has quite often succumbed. The guilt that Mac-beth experiences after the death of his beloved King Duncan also experienced in every humans†¦show more content†¦By Sinels death I know I am Thane of Clamis But how of Cawdor? The thane of Cawdor lives, A prosperous gentleman; and to be king Stands not within the prospect of beliefÂ… Macbeth [I.iii.70-74] The audience sees how Macbeth is introduced into taking over the throne of his great friend Duncan. This unleashes pity and fear within the audience, because they felt for a man succumbing to grievous temptation. The events in which took place after this increase our pity of Macbeth. The audience sees a grown, noble and mighty officer degraded into a pool of immense guilt. Macbeth was, shortly after the murdering incident, driven insane by the immense guilt produced by his withered conscience. The dagger that was used in the killing of King Duncan haunted him before the murder took place. This tragedy in the play gives us both fear of where the sword came from and pity for Macbeths character that had degraded to such a point that he has become paranoid. Is this a dagger which I see before me, The handle toward my hand? Come, let me clutch thee. I have thee not, and yet I see thee still. Art thou not, fatal vision, sensible To feeling as to sight? Or art thou but A dagger of mind, a false creation, Proceeding from the heat-oppressed brain? Â… [II.i.33-39] The events before the murder of Duncan, which include Macbeths fear of killing Duncan, the timing at-which it will take place; all of which these things made the audience fearful. Macbeth seemed nervous in aShow MoreRelatedIs Macbeth a Tragedy?2186 Words   |  9 PagesA tragedy is often thought of as a sad, pitiful event. The factors used to label an event as tragic are the consequences and the lasting effects. For example, the consequences of one or more deaths can be seen as a tragedy. And tragedies are often remembered long after the event, clearly impacting the future for those involved. Many people interpret events such as a natural disaster, a death of a loved one, or a permanent disability as tragic. However, others say that this definition of a tragedyRead MoreAnalysis Of The Tragedy Of Macbeth1207 Words   |  5 Pages The ‘Tragedy of Macbeth’ (also known as ‘Macbeth’) is a play written by William Shakespeare and it was first performed in 1606. This play presents plenty of themes through the action and dialogue throughout the play. Although the play is universally and most commonly referred to as the dark tragedy presented by Shakespeare. The most common themes that were introduced to the audience tend to be femininity versus masculinity, pride and honor, the role of supernatural, temptation and evil and a lotRead MoreManhood in The Tragedy of Macbeth1133 Words   |  5 PagesIn Shakespeare’s Macbeth, he uses the theme of manhood to create motives for characters to act like a man. This is seen in many occurrences in Macbeth where characters try to act like men for certain reasons. Characters that apply this action are Macbeth, the first murderer, Macduff, and Young Siward. These actions are seen throughout the play, and play a key role in the development of the performance. Macbeth tells himself to act like a man in the following lines: â€Å"Prithee, peace! / I dare doRead More Macbeth - Tragedy Essay1224 Words   |  5 Pageshistories to tragedies. Perhaps one of his most famous in the tragedy genre is Macbeth. Though Shakespeare can be considered as a scholar in the sense that he was both a renowned and prolific playwright, look back a few hundred years to find Aristotle, one of the most famous scholars and philosophers of all time. In his treatise titled Poetics, he defends poetry against criticism as well as sets standards for tragedies in quot;The Nature of Tragedy,quot; a section of the Poetics. Is Macbeth fit to beRead More Macbeth - Tragedy Essay1313 Words   |  6 Pagesthe classical view, tragedy should arouse feelings of pity and fear in the audience. Does Macbeth do this? Tragedy has most definitely influenced the viewer’s thoughts on Macbeth within this play. In Shakespeare’s Macbeth, the audience sees a gradual breakdown in the character of Macbeth himself, due to the tragic events that unfold during the play. This has a direct effect on the audience’s views and thoughts of Macbeth, thus creating pity and fear within the audience. Macbeth, being a man and aRead MoreThe Tragedy of Macbeth Essay542 Words   |  3 PagesThe Tragedy of Macbeth, written by William Shakespeare in 1604, portrays women in a variety of strengths. In Elizabethan society, women were considered the ‘weaker sex’ but in many of his plays Shakespeare appears to question this patriarchal society. Shakespeare wrote ‘ Macbeth’ intending to flatter King James I, the ruler in this era. James I had very strong opinions regarding women and, particularly, witches. He saw Women as inferior and expected them to be housewives and mothers. Shake speareRead MoreAristotelian Tragedy Macbeth Essays611 Words   |  3 PagesAristotelian Tragedy: Macbeth Aristotle is known widely for developing his ideas on tragedy. He recorded these ideas in his Poetics in which he comments on the plot, purpose, and effect that a true tragedy must have. The structure of these tragedies has been an example for many writers including Shakespeare himself. Many of Shakespeare’s plays follow Aristotelian ideas of tragedy, for instance Macbeth does a decent job in shadowing Aristotle’s model. Aristotle describes one of the most importantRead MoreThe Tragedy Of Macbeth By William Shakespeare1052 Words   |  5 PagesEnglish II 2 October, 2015 â€Å"Tragedy† of Macbeth Macbeth, a play written by one of the most influential English writers of all time William Shakespeare. It was created to be a Shakespearean tragedy. A tragedy as Aristotle defines it as: â€Å"Tragedy, then, is an imitation of an action that is serious, complete, and of a certain magnitude †¦. through pity and fear effecting the proper purgation of these emotions† (Aristotle: Poetics). What this is saying for a tragedy is that it should have the audienceRead MoreThe Tragedy Of Macbeth By William Shakespeare1497 Words   |  6 PagesShakespeare effectively explores and follows the framework of the tragedy, Macbeth; a tale of systematic suffering, which foreshadows and imminently leads to the death of a great man. Essentially, it is Macbeth’s flaw – his growing ambition – which leads to these harsh repercussions. Shakespeare demonstrates his tragedy, through Aristotle’s elements and definition of tragedy, which ultimately concerns the rever sal of good fortune to bad. In â€Å"Macbeth†, ambition conspires with supernatural forces to commit evilRead MoreThe Tragedy Of Macbeth By William Shakespeare899 Words   |  4 PagesWhat makes a once â€Å"brave friend† (1.2.6) â€Å"something wicked†? (4.1.45) In Shakespeare’s Tragedy of Macbeth, the answer to this question is played out. At the beginning of the play, the main character, Macbeth, is deemed â€Å"valiant† (1.2.24) and â€Å"noble† (1.2.68); however, after his encounter with the witches, his dark side starts to bubble up. As such, the Weird Sisters symbolize the ubiquitous evil that is in the world and present the theme man’s susceptibility to temptation. While the witches do play

Tuesday, December 10, 2019

The United Kingdom and Parliament Management †Free Sample

Question: 1. Whether the United Kingdom should have a written constitution without a monarchy.2. Whether the House of Lords as a legislative chamber should be reformed. 3. Why the doctrine of implied repeal is essential to the proper workings of Parliament. Answer: Unlike US, UK does not have a written constitution. Nearly all states have a written (or codified) constitution. Such constitution do not incorporate changes easily and are protected. Constitution of United Kingdom is not reduced into a single or collection of documents which shall represent the fundamental or superior law of the state.UK Constitution does not require any special form of legislation to bring about changes which reveals the legislative supremacy of the Parliament. Hence, UK system states its success of having a parliamentary democracy and solidity in the country. The reason for UK should continue with the written constitution is that it is very flexible as the solution can be applied individually to all the problems without any constitutional document. There is also a myth that there is no pressure on ministers to check if they are working properly, as they are subject to controversies if not working in the right manner. In written constitution there are more chances of getting matters into courts, political drama, formalities and unjust way of passing the final word in the hands of elected politicians and not the unelected judges. UK constitution believes in moving with the changing political and social condition and is not rigid like a written constitution framework. For this reason unwritten constitution is always up to date (UK Parliament, 2014). There should also not be any monarchy as it does not match with the concept of modern era. It is a mere wastage of money and creates difference among people by socially ranking them (Consoc, 2009). In case UK changes its system from an unwritten constitution to a written one it will only bring about disruption and weak structure in the country (UK Parliament, 2014). Therefore, United Kingdom should not have a written constitution without a monarchy. The formation of House of Lords took place in the 14th century where there were two separate houses of the Parliament being the Commons and Lords. Yes, the House of Lords as a legislative chamber can be reformed. There is need for reform and this arises from the lack of satisfaction. The first being the inherent base for being a member. The House of Lords Act 1999 effectively abolished membership of the House of Lords on the hereditary principle. However, for the time being, 92 hereditary peers retain the right to sit and vote in the Lords whilst a new constitution for the House is being settled. Many people state that the functionality of the House of Lords as basically not democratic. Looking at the present scenario of the undemocratic concerns and political concerns the opposition party states its worries for the effect that the non-Conservative Government's legislative programme shall have. Even though people of United Kingdom have little knowledge about the parliamentary effect from the reform of the House of Lords and its effect 43 per cent of the people have voted for change in the reform. The positive part and effects for which reforms should be brought are that the reforms can bring about non-legislative improvements, the labor party shall meet its commitment and make a well-established nominated chamber. Also the reforms would make liberal democrats move towards their goal. These are all positive aspects of the reform and should be made effective (UCL). There are two types of appeal express repeal where the Parliament states in an Act of Parliament that all or certain parts of an earlier Act are repealed. Irrespective to this there can be mismatch between different Acts of Parliament at the time of drafting which can be repealed by applying doctrine of implied repeal. The doctrine shall apply to the extent the two acts are inconsistent with one another. One such example is the case of Vauxhall Estates Ltd v Liverpool Corpn [1932] 1 KB 733 and Ellen Street Estates Ltd v Minister of Health [1934] 1 KB 590 per Maugham LJ at 597. Doctrine of implied repeal is essential for proper working of the Parliament as the Parliament has the power to repealing an inconsistent law or legislation. It will wrong to say that doctrine of implied repeal is not a better method of deciding statutory discrepancies.Impliedrepeal hasalways been used as a tool of last resort for the purpose of statutory interpretation when the other alternative solutions fail in their approach. The application of the doctrine is successful and accepted by all litigants. Parliament when enacting a legislation makes sure that the new legislation is not against the previous law. In the case of R V Pora , it was resolved as to whether the constitutional rights can be impliedly repealed or not. They shall fail only when the two acts are to be read together. References: UK Parliament, 2014, The arguments for and against a written constitution against a written constitution for the united kingdom, Available From website https://www.publications.parliament.uk/pa/cm201415/cmselect/cmpolcon/463/46308.html. Consoc, 2009, Monarchy, Available From website https://www.consoc.org.uk/other-content/about-us/discover-the-facts/monarchy/. Prebble R., 2005, Constitutional statutes and implied repeal : the thoburn decision and the consequences for new Zealand, Available From website https://www.victoria.ac.nz/law/research/publications/vuwlr/prev-issues/pdf/vol-36-2005/issue-2/prebble.pdf. University College of London, Reform of the House of Lords, Available From website https://www.ucl.ac.uk/spp/publications/unit-publications/2.pdf.

Tuesday, December 3, 2019

Killing and non-killing religions Essay Example

Killing and non-killing religions Essay Introduction: In the current times, the universe is vulnerable to terror onslaughts. Some of these terrorist act activities are ever associated with utmost spiritual organisations. Take for case, the ISIS, a panic organisation runing in Iraq and Syria ( Armstrong, 2014 ) . This panic group justifies the violent death of non-Muslims on faith. They wrongly believe that the Quran gives them authorization to kill and maim anyone who is non practising Islam. This paper seeks to explicate the construct of killing and non-killing faiths. It farther seeks to place, which of these is associated with modern twenty-four hours terrorist act. This paper takes a base that killing faiths are largely associated with modern twenty-four hours terrorist act. We will write a custom essay sample on Killing and non-killing religions specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Killing and non-killing religions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Killing and non-killing religions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Killing and Non Killing Religions: Non-killing refers to attitudes and actions intended to forestall or halt international Acts of the Apostless of killing human life. This is a term that seeks to talk against force, and it promotes a peaceable co-existence. Non-Killing can be used to mention to a spiritual belief that does non recommend for force. Examples of such faiths include Buddhism, Hinduism, Christianity, Judaism, etc ( Docker, 2008 ) . These are regarded as non-killing faiths, because their instructions advocator against force. Take for case in Christianity, the bible Teachs that if a individual hits you on one cheek, so give him another cheek to hit. This means that a Christian should non take any retaliatory steps, such as paying force with force ( Docker, 2008 ) . Killing faiths on the other manus advocator for the riddance of anybody who goes against its bid. An illustration includes a faith that supports the slaying or violent death of people, who do non impute to its values ( Pallmeyer, 2003 ) . Controversy exists on whether Islam is an illustration of a killing faith or non. This is because there have been different readings of the instructions of Islam. One reading is of the demand to kill anybody who does non pattern Islam. Other manus, other Islamic bookmans argue that this is non right. This is because Islam seeks to encompass other faiths ( Docker, 2008 ) . However, this is an issue of argument. In a nutshell, while most Muslims position faith and morality as a agency of accomplishing peace, few of them see violence as a agency of accomplishing it. The group position jihadists as an aberrance of Islam that offers little more than subjugation, spiritual constabulary, veiled adult females, and disclaimer of modern scientific discipline. Differences Christians ( Nonkilling Religion ) believe that God sent Christ to rectify the divergences of the Jews. Muslims on another manus trust that God sent Prophet Mohammed, his concluding prophesier, to rectify the divergences of the Christians. They believe that Christianity is non a true representation of the instructions of God ( Docker, 2008 ) . For illustration, the two depart on the usage of force to distribute their faith. For case, one of the instructions of Christianity is that he who lives by the blade, will besides decease by the blade. This is a disapprobation of force, and it is seeking to advance a peaceable co-existence amongst one another. The Quran Teachs that anyone who tries to go forth the faith should be punished. By looking at these facts, it is possible to denote that Christianity and Islam are two really different faiths, and they propagate different values and beliefs. Buddhism and Hinduism are other non-killing faiths ( Pallmeyer, 2003 ) . These faiths believe in a peaceable co-existence amongst one another. Furthermore, Buddhism believes that to accomplish ultimate peace, there is a demand of an person to invariably chew over. Hinduism believes in the being of many Gods, and goddesses. On this fact, this faith embraces other faiths, and their beliefs. This is unacceptable in Islam. Islam does non digest any other faith, and they believe that no God exists, apart from their God, who is called Allah. It is because of this fact that Islamic extremists are willing to kill, for Allah ( Pallmeyer, 2003 ) . The violent advocation of Islamic beliefs is referred to as Jihad. Jihad refers to an action aimed at exercising attempt for intents of accomplishing a coveted result. Muslims usually fight Jihad on two degrees. The first degree, is the war against Satanic accusals, poorness, and diseases ( Pallmeyer, 2003 ) . The 2nd Jihad is fought against any individual who is viewed as traveling against the rules and philosophies of Islam. Non-killing faiths do non back up any type of force, nor do they hold any violent political orientations, such as jehad. Islam stresses that anyone who does non change over to Islam, should be killed, or enslaved. The other non-killing faiths do non hold these commissariats ( Pallmeyer, 2003 ) . For them, those who do non hold with their tenets are neer slayed or killed. In this position, we can appreciate the fact that these two faiths do contrast in immense stairss. While the former propagates for killing the Rebels or doing them slaves, the latter focal points on tolerance and peace. They do these based on Koran A ; apos ; s Allah philosophies. In add-on, in instance a Muslim brother gets into the manner of slaying the non-Muslims, Islam permits that such an person is slain. They can travel into the degrees of leveling a vicinity to complete off heathen ( Pallmeyer, 2003 ) . In this sense, Islam regards these types of violent deaths as piousness, and it sees nil incorrect with it. For illustration, the word Boko Haram means that Western Education is iniquitous. This is a spiritual extremist group that is found in Northern Nigeria and it advocates for the Islamization of Nigeria. In the chase of their end, they burned schools, kidnaped 100s of kids, and left causalities totaling in 1000s. Their suspected links with the al-Qaida in the Maghreb and al-Shabaab in Somalia has made Boko Haram a existent threat in the eyes of U.S national security. The other non-killing faiths calls for loving your neighbours as you love you. So the impression of killing to derive something is seen as immorality in these signifiers of faiths. In comparing to Christianity, Islam does non offer a chapter about love, 1 Corinthians 13.There exist no fable of Good Samaritan ( Docker, 2008 ) . The call to personal sanctity doesn A ; apos ; Ts exist wholly. There is no hope for personal redemption by manner of impeccant forfeit merely as Jesus did upon Calvary. The hope of ageless cloud nine in holy Eden is non-existent ( Ellens, 2004 ) . The forfeit of puting down the life of one individual is non present in Islam. Alternatively, it is killing others that will allow you derive infinity ( Docker, 2008 ) . The love for a neighbour is absent in entirety among the killing faiths. This is seen amongst the Boko Haram activists. This people kill, with the statement that they are recommending for the acceptance of Islamic rules. Prophet Mohammed was a political leader, and the Koran had much to state about how to form a well-run society in a mode that promotes peace and justness. The two make it true by stating that, modern twenty-four hours Muslims find it really absurd to divide faith from Government. It begs the inquiry, why would human jurisprudence be above the jurisprudence of God. It is on this baseline that we find so many extremists lifting up to counter authorities forces in all mode of wicked bloodshed schemes ( Docker, 2008 ) . They do non believe about who they might be seting in danger, but their chief focal point is selfishness. In other universe faiths, the contrary is really apparent, Killing is non allowed and is regarded really evil. Such Acts of the Apostless attract penalties runing from ageless disapprobation and anguish. In these faiths, there is the separation of faith and authorities constructions ( Docker, 2008 ) . The holy book of Muslims is the Koran. It is a digest of God A ; apos ; s Torahs which were revealed to Mohammed.. Mohammed is respected by most Muslims as a prophesier of God and non as an extension of God. Jesus in His plants here on Earth claimed to be God. Mohammed was a mortal appointed by God to proclaim the message of peace and enlightenment and in this sense ; he had no supernatural powers ( Ellens, 2004 ) . To Christianity, it is contrary to these. Jesus in his ministry among the Jews did many miracles that culminated into really many people following His philosophy. This includes raising the dead, mending the ill, etc. For Him, many people believed in ageless cloud nine in holy Eden because He was an extension of God Himself. Modern Day Terrorism Modern twenty-four hours terrorist act is profoundly associated with killing faiths. Take for illustration, Islam. Most terrorist act groups that emerge, usually associate themselves with Islam. An illustration is Al-Qaeda, whose leaders called for Jihad, against the Americans and the Israeli involvements ( Ellens, 2004 ) . This is because they believed that America and Israel were working against the involvements of Islam. The Quran encourages Muslims to take prisoners during cases of war ( Armstrong, 2014 ) . This can merely go on when a jehad is declared. This is the ground why most panic groups usually cite a Jihad, when engaged in terrorist act activities. It might be true theoretically, but modern twenty-four hours terrorist act is apparent on the poetries from Koran like the one above. A batch of accents are on the jehad as agencies of seeing the fantastic life in front of us. In this respect, extremists like the al-Qaeda, al-Shabab and the Boko Haram of Nigeria take it upon themselves to command authoritiess by either commandeering planes, kids or merely killing utilizing bombs ( Armstrong, 2014 ) . What matters to them is exercising fright and anxiousness among guiltless citizens at the disbursal of their selfish enterprises. There is a really strong association between modern twenty-four hours terrorist act and religion. These words are good depicted in the barbarous violent death of Cpl. Nathan Cirillo by a recent Muslim convert called Michael Zeharf-Bibeau. In his entry, he states that it really absurd for a Muslim convert to travel on a shooting fling in the Canadian parliament ( Docker, 2008 ) . In every bit much as it is seeable that the faith has something to make with behaviour, other factors besides can lend. For case, disregard on upbringing, political orientation, mental jobs and even condemnable yesteryear and drug dependence. But of the declared grounds faith has the strongest relation with what Bibeau did in Canada ( Docker, 2008 ) . The precipitation of modern twenty-four hours terrorist act revival of armed and extremist jihadi motions are two in nature.First is the radical ideals and political orientation of the 1979 Persian revolution and secondly, the practical application of jehad against the Soviet Union A ; apos ; s business of Afghanistan. Decision Religious terrorist act is the political insurgence by members of a certain group of doctrinal religion in seeking to debar the effects of the stated political system. In this sense, anything that consequences from such an agreement is viewed as a immense approval to the people contending for that class. Modern twenty-four hours terrorist act is seeable by many groups of the Islamic religion who have a baseline of bloodletting. The recent events in the United States on September 11, 2001 showed the lengths at which these extremists can widen to. The modern twenty-four hours authorities or political units should endeavour to make out to the grudges aired out by political extremists. On a spiritual graduated table, it is imperative for the provinces to seek out to counter the effects of spiritual extremist. The killing faith propagates for modern twenty-four hours highjacking of planes and kids, like the Nigerian Boko Haram and the al-Qaeda non burying the al-Shabaab in contemporary So malia. In this entry it is practical cognition to denote killing faiths with modern terrorist act. Mentions: Armstrong, K. ( 2014 ) .William claude dukenfields of blood faith and the history of force. New York, N.Y. : Books on Tape: . Docker, J. ( 2008 ) .The beginnings of force faith, history and race murder. London: Pluto Press. Top of Form Bottom of Form Ellens, J. ( 2004 ) .The destructive power of faith: Violence in Judaism, Christianity, and Islam. Westport, Conn. : Praeger. Top of Form Bottom of Form Pallmeyer, J. ( 2003 ) .Is faith killing us? : Violence in the Bible and the Quran. Harrisburg, Pa. : Three Press International.

Wednesday, November 27, 2019

Homiletics Definition and Examples

Homiletics Definition and Examples Homiletics is the practice and study of the art of preaching; the rhetoric of the sermon. The foundation for homiletics lay in the epideictic variety of classical rhetoric. Beginning in the late Middle Ages and continuing to the present day, homiletics has commanded a great deal of critical attention.But as James L. Kinneavy has observed, homiletics isnt just a Western phenomenon: Indeed, nearly all of the major world religions have involved persons trained to preach (Encyclopedia of Rhetoric and Composition, 1996). See Examples and Observations, below. Etymology:From the Greek, conversation Examples and Observations: The Greek word homilia signifies conversation, mutual talk, and so familiar discourse. The Latin word sermo (from which we get sermon) has the same sense, of conversation, talk, discussion. It is instructive to observe that the early Christians did not at first apply to their public teachings the names given to the orations of Demosthenes and Cicero, but called them talks, familiar discourses. Under the influence of rhetorical teaching and the popularizing of Christian worship, the talk soon became a more formal and extended discourse . . ..Homiletics may be called a branch of rhetoric, or a kindred art. Those fundamental principles which have their basis in human nature are of course the same in both cases, and this being so it seems clear that we must regard homiletics as rhetoric applied to this particular kind of speaking. Still, preaching is properly very different from secular discourse, as to the primary source of its materials, as to the directness and simplicity of style whi ch become the preacher, and the unworldly motives by which he ought to be influenced.(John A. Broadus, On the Preparation and Delivery of Sermons, 1870) Medieval Preaching ManualsThematic preaching was not directed at converting the audience. The congregation was assumed to believe in Christ, as the vast majority of people in medieval Europe did. The preacher instructs them about the meaning of the Bible, with emphasis on moral action. Just as dictamen combined features of rhetoric, social status, and law to meet a perceived need in writing letters, so the preaching manuals drew on a variety of disciplines to outline their new technique. Biblical exegesis was one; scholastic logic was anotherthematic preaching, with its succession of definitions, divisions, and syllogism can be regarded as a more popular form of scholastic disputation; and a third was rhetoric as known from Cicero and Boethius, seen in rules for arrangement and style. There was also some influence from grammar and other liberal arts in the amplification of divisions of the theme.Handbooks of preaching were very common in the late Middle Ages and Renaissance. No one o f them, however, was widely circulated to become the standard work on the subject.(George A. Kennedy, Classical Rhetoric Its Christian Secular Tradition. University of North Carolina Press, 1999) Homiletics From the 18th Century to the PresentHomiletics [in the 18th and 19th centuries] increasingly became a species of rhetoric, preaching became pulpit oratory, and sermons became moral discourses. Less bound to classical rhetorical models, zealous fundamentalist and 20th-century homileticians adapted various inductive, narrative-based sermon strategies derived, respectively, from biblical models (jeremiad, parable, Pauline exhortation, revelation) and theories of mass communication.(Gregory Kneidel, Homiletics. Encyclopedia of Rhetoric, ed. by T.O. Sloane. Oxford University Press, 2001)African-American PreachingAfrican American preaching, unlike some of the straitjacket preaching of traditional Eurocentric homiletics, is an oral and gestural activity. This does not mean that it is not an intellectual activity, but in the tradition of African American preaching and the language of the Black church, the activity of the limbs contributes to the meaning of preaching by creating a dialogue with the self and the hearer. This is a critical, albeit ancillary, element of African American preaching and often helps to make the more substantive theological and hermeneutical ingredients more palatable because they become integrated into the whole preaching process.(James H. Harris, The Word Made Plain: The Power and Promise of Preaching. Augsburg Fortress, 2004)Active voice is more alive than passive.Dont use a 50 ¢ word when a 5 ¢ word will do.Remove unnecessary occurrences of that and which.Remove unnecessary or assumable information and get to the point.Use dialogue for added interest and life.Dont waste words.Use contractions where appropriate.Verbs are more alive than nouns.Accentuate the positive.Avoid the literary sound.Avoid clichà ©s.Remove forms of the verb to be whenever possible. Rules for Contemporary PreachersHere . . . are the Rules weve come up with for writing for the ear. . . . Adopt them or adapt them as you see fit. And with each sermon manuscript you write, pray the Lord will make you clear, concise, and directed toward the needs of your flock.(G. Robert Jacks, Just Say the Word!: Writing for the Ear. Wm. B. Eerdmans Publishing Company, 1996) Pronunciation: hom-eh-LET-iks

Saturday, November 23, 2019

Corporate Strategies to Hedge Commodity Price Risks Applying Derivatives Essay Example

Corporate Strategies to Hedge Commodity Price Risks Applying Derivatives Essay Example Corporate Strategies to Hedge Commodity Price Risks Applying Derivatives Essay Corporate Strategies to Hedge Commodity Price Risks Applying Derivatives Essay Table of contents List of abbreviationsIII List of figuresIII List of tablesIII 1Introduction1 1. 1Problem and objective1 1. 2Structure of this paper1 2Background Information2 2. 1Definitions of fundamental terms2 2. 2Commodity price risk in different firms2 3Explanation of derivatives3 3. 1Options3 3. 2Futures4 3. 3Forwards6 3. 4Swaps6 4Hedging strategies with derivatives7 4. 1Hedging with options7 4. 2Hedging with futures7 4. 3Hedging with forwards8 4. 4Hedging with swaps8 5Pros and cons of hedging strategies with derivatives8 5. 1Pros and cons of options9 5. Pros and cons of futures9 5. 3Pros and cons of forwards10 5. 4Pros and cons of swaps10 6Practical example of corporate commodity price risk hedging10 6. 1Introduction on firms practical hedging strategy10 6. 2Analysis on this strategy11 7Summary12 Appendix13 Appendix 1: Amounts outstanding of over-the-counter (OTC) derivatives by risk category and instrument- - in billions of US dollar13 Appendix 2: Derivatives financial instr uments traded on organized exchanges by instrument and location- - in billions of US dollar14 Bibliography15 Internet Source16 List of abbreviations CHClearing House IMInitial Margin MBMargin Balance MM NMaintenance Margin No OTCOver The Count VM YVariation Margin Yes List of figures Figure 1: Structure of this paper2 Figure 2: P of each option position4 Figure 3: Flow chart of marking-to-market process5 Figure 4: P of each future position6 Figure 5: Hedging model on fuel oil of Air China11 List of tables Table 1: Summary for 4 option positions4 Table 2: Summary for future positions6 Table 3: Summary for 4 derivatives9 1Introduction 1. 1Problem and objective The risk of commodity price is a ferocious topic in corporate operation. Corporate profit is equal to total revenue minus total cost. For firms, because of the high volatility on commodity price, their inputs and outputs relating to commodity are unpredictable. As a consequence corporate profit will be immensely volatile, which will possibly lead the firm to go bankruptcy if no any preventive actions are taken. For example, producers of commodities probably need to assume unexpected losses, when the price of outputs goes down or the price of necessary raw materials goes up. The situations are similar to wholesale buyers, retailers, exporters and even governments. Volatility of commodities price has great impacts on corporate daily operation. The objective of this term paper is to introduce derivative hedging strategies for corporate managers to reduce or even eliminate future unpredictability, mainly from the perspectives of the role commodity price risks play, what the typical derivative instruments are, where and how to apply these different derivatives in terms of hedging principles thereof, and both advantages and disadvantages when applying each derivative in real business transactions. 1. Structure of this paper Firstly, this term paper highlights problems existing in real world. Secondly, it introduces advanced derivatives theory that can be applied to solve these problems. Thirdly, specific details on the theory will be presented, including explanation, application, as well as pros and cons of each derivative instrument. Then, an example is analyzed to show how companies apply derivatives to hedge commodity risks practically. Last is a summary of this term paper. Following figure shows the body of this paper. 2Background Information 2. Definitions of fundamental terms In financial markets derivative is a contract or security whose value is derived from the value of other more basic underlying variables . One of its most important functions is hedging. In corporate operation, hedging is to secure the companies against potential loss caused by variable risks that arise in international market, such as the commodity price risks. In this paper, commodity means any tangible goods or raw materials that may be sold or traded in the markets, such as energy, gold, or agricultural products. 2. Commodity price risk in different firms Volatility of commodities price influences firms’ daily operation significantly. Producers of commodities, such as farms, oil producers, mining companies, face price risk on output. Wholesalers and retailers, face price risk during the time period from buying from suppliers and selling to customers. Exporters, face the same price risk as well as currency exchange risk. And governments face price and yield risks generating from tax revenues that depend on firms’ operational conditions. 3Explanation of derivatives Derivatives are traded in exchange-traded markets and over-the-counter markets. (See recent derivatives transaction status in appendix 1 and appendix 2. ) Notably, exchange-traded derivatives are default risk free and liquid. However over-the-counter traded derivatives are the opposite. 3. 1Options An option is the contract that gives the buyer the right but not obligation to buy (call option) or sell (put option) an underlying asset at a predetermined price (exercise price) for certain quantity during a fixed period of time (maturity). The buyer of the option pays a particular amount of money (option premium) to the seller to buy a right whereby he can decide whether or not to exercise this option, simultaneously the seller has the obligation to perform if the buyer exercises the option. European options only can be exercised on expiration day, and American options can be exercised at any time before maturity. The buyer of the call option is named long call, while the seller of the call option is named short call. Similarly, the buyer of the put option is named long put, while the seller of the put option is named short put. In commodity market, underlying of commodity option is a commodity, such as oil, wheat, or gold. Commodity options are both exchanges-traded and OTC traded. Following figure shows P of each option. Following table is the summary for these 4 option positions. Table 1: Summary for 4 option positions Market price expectationMaximum profitMaximum lossBreakeven point Long callupunlimitedoption premiumexercise price + option premium Short calldown or stableoption premiumunlimitedexercise price + option premium Long putdownexercise price option premiumoption premiumexercise price option premium Short putup or stableoption remiumexercise price option premiumexercise price option premium Source: author’s own. 3. 2Futures A future is a contract between two parties to buy or sell a specified amount of asset at a specified time period in the future for a certain price. Normally there are two types of futures, commodity futures whose underlying are commodities and financial futures who se underlying are financial assets. They are highly standardized, regulated, and traded in exchange markets with highly liquid and default risk free property. Because of the marking-to-market process, at maturity the settling price is the spot price at expiration date with profit gaining or loss paying from a margin account, which indirectly makes the effective bargain price equal to the predetermined price in the future contract. Notably, to ensure high liquidity of futures, marking-to-market process plays a significant role. The following figure shows the marking-to-market process. Generally there are two alternative ways at maturity to settle futures, either by cash or by actual delivery of underlying, which is clearly defined by futures exchange. Following figure and table show the details of a future. Table 2: Summary for future positions ?Maximum profitMaximum lossBreakeven point Long positionunlimitedexercise pricespot price + cost of carry Short positionexercise priceunlimitedspot price + cost of carry Source: author’s own. 3. 3Forwards A forward contract is a customized and over-the-counter agreement to buy or sell an asset at a specified time in the future for a specified price, where a long position has the obligation to buy and a short position has the obligation to sell. Compared with futures, no marking-to-market process are required. Counterparties can negotiate with each about the parameters of the contract. As a result, a firm who wants to make forward contract needs to find the counterparty by itself. 3. 4Swaps A swap is a customized and over-the-counter agreement to exchange a series of specified assets periodically in the future. Normally the counterparties of a swap contract are a large institution such as a bank and a company. Basically, we can view a swap as a complicated forward. Except currency swaps, counterparties just need to pay the differences between the cash flow they should exchange. Because swaps are bespoken as a result they are less liquid. There are commodity swaps, interest rate swaps and currency swaps. Interest rate swaps is an agreement of two counterparties to change fixed interest and floating interest on predefined nominal principal in the future periodically. Commodity swaps normally vary tremendously among different markets. In a currency swap, counterparties change same value of different currencies in inception and termination, where the exchange rate of the tow currencies depends on the negotiation of counterparties. 4Hedging strategies with derivatives This chapter will focus on the principles of hedging strategies on commodities. . 1Hedging with options If a trader wants to procure a commodity with high volatile price, he can buy a commodity call option to hedge the price risk of going up. Similarly, if a company wants to sell a commodity product, it can buy a long put to hedge the price risk of going down. In practice, because investors want to bet more precisely on the future price of the underlying, an d hedgers with long positions want to save option premiums, a few combinations of options come out, such as a long call and a short put with identical parameters except the different strike price. 4. 2Hedging with futures When the objective of a commodity trader wants to neutralize the price risk as far as possible, usually he will choose to take a position on a future on commodity. A hedger who already owns a commodity asset or doesn‘t own right now but will at some future time expecting to sell it in the future without assuming any price risk, he can apple future hedging strategy to enter into a short position to become a short. Likewise, a hedger who has to buy a certain commodity asset in the future and wants to lock in spot price immediately, he can apply a future to enter into a long position to become a long. . 3Hedging with forwards The principles of hedging strategy with forwards are similar with futures. Whether to use futures or forwards depends on different requirements. Generally, financial assets investors who need high liquidity prefer to choose futures, while commodity investors such as producers who need high customization prefer to choose forwards. 4. 4Hedging with swaps When i nvestors want to hedge risks of interest rates, currencies, or commodities, they can use swaps. In gold swaps, counterparties change fixed lease rate with variable lease rate. In swaps on base metals, counterparties change fixed metal price with average price of near dated metal future. In oil swaps, counterparties change fixed West Taxes Intermediate (WTI is a benchmark in oil price) price with average price of near dated WTI future. 5Pros and cons of hedging strategies with derivatives The following integrated summary of these derivatives depending on pervious analysis makes systematic comparisons. (The options here are exchanged-traded European options) Table 3: Summary for 4 derivatives SUMMERY OF DERIVATIVES FOR GENERAL TYPES OptionsFuturesForwardsSwaps Types of contractstandardizedstandardizedcustomizedcustomized Settlementscash and deliverymost cash and few deliverydeliverydepends on individuals Trading marketExchange tradedExchange tradedOTCOTC Liquidityhighhighlowlow Marketing-to-marginnorequirednono Time of settlementmaturitydailymaturityperiodically Initial investmentoption premiuminitial margin nodepends Default risk assumed byClearing houseclearinghouseBoth partiesBoth parties ProsDefault risk free liquiditycustomization no initial investment Consinitial investment inflexibledefault risk for both party illiquidity Source: author’s own. . 1Pros and cons of options The pros of options are obvious. Firstly, they have no risk to assume more loss than premium but have possibility to get unlimited potential profit. Secondly exchanged-traded options are highly liquid and OTC traded options are flexible. However, the cons of options are also explicit, such as the difficulty to decide when to enter into a long position. Because buying an option needs to pay option premium, if the spot price cannot go above (for a long call) or go below (for a long put) the breakeven point the hedger will suffer a loss, and depends on statistics the possibility of a long position to lose is about 66%. 5. 2Pros and cons of futures It definitely makes sense for most companies whose majors are in businesses but not professional in forecasting the price of commodities price volatility, which can make them pay more attention on their core competences instead of fearing about volatile price. Nonetheless, taking neutralized strategies make hedgers give up the possibility of both profit and loss. Moreover, instead of hedging risks by companies, shareholders can hedge themselves according to their preferences. Additionally, if other competitors of the same industry don’t apply hedging strategies, in fact, it is the hedging company itself that assumes risks, because competitive pressures are the same for other all competitors but different for the hedging company its own. 5. 3Pros and cons of forwards Basic pros and cons have been listed in the table in front of this chapter. Generally, compared to futures, the most explicit pro is that forwards are highly customized and therefore the con is that they are hardly liquid. 5. 4Pros and cons of swaps Basic pros and cons have been listed in the table in front of this chapter. Gernally, compared to futures and forwards the most precise pros is that both counterparties could reap benefits from a swap, such as in a currency swap where a firm with a low rate may get a cheaper loan as other firms with high rates, and the counterparty may get a payment as compensation. However the corresponding cons is that counterparty may need to pay commision to intermediary, because it is difficult to find an appropriate counterparty by itself. 6Practical example of corporate commodity price risk hedging 6. 1Introduction on firms practical hedging strategy Air China is an airline company, whose cost of fuel oil occupies 44. 75% of total revenue in 2008. To hedge the fuel oil price risk, Air China bought a call option with strike K1, meanwhile sold a put option with strike K2, where K1

Thursday, November 21, 2019

US Investment Essay Example | Topics and Well Written Essays - 250 words

US Investment - Essay Example The federal government plays the crucial role in funding education in public institutions either through grants or loans. Without the government support more than 400,000 students who would not have access to quality education or employment (Thelin 120). Therefore, the federal government can encourage more investment in education through subsidies in order to promote quality education that leads to better jobs. Limiting subsidies to specific professionals considered crucial for economic development will increase competence in technical areas; increase job stability and marketability of the workers hence increase in global competence of the economy (Flores 78). However, it will have adverse effects because some students will not join their careers of choice, increase unemployment due to congestion in particular careers and increase of illiteracy rate for those who cannot afford to take careers of their choice (Flores 79). Increasing subsidies to the certain profession will violate the economic principle that upholds government market outcomes because it will increase inequalities of sharing national resources (Mankiw 64). In conclusion, education is essential for economic growth hence government support through subsidies increases the literacy rate, employment opportunities, and improvement in the living standards. The government should offer uniform support in all professions while attractiveness of the labor market determines the choice individuals make when choosing their