Interagency disaster management Essay

J.C Penny New Challenges in the Changing Workplace Research Paper

J.C Penny New Challenges in the Changing Workplace - Research Paper Example J.C Penny encounters the test of pulling in and holding exceptionally experienced information laborers, including, engineers, physical and PC researchers. Especially, J.C Penny has needed to battle with expanded work turnover among the information laborers. By the by, J.C. Penny has been forceful in creating methodologies for compelling administration of these information laborers. Right off the bat, J.C. Penny keeps on giving compelling prize frameworks that guarantee that the information laborers are fulfilled and persuaded towards guaranteeing association achievement. Also, J.C Penny gives serious and particular preparing to the information laborers with the point of improving their viability, efficiency and guaranteeing that their abilities don't get out of date because of the profoundly powerful mechanical condition. Another contemporary test that J.C Penny faces is the administration of unforeseen and brief representatives inside the work environment. Griffin (2012) characterizes unexpected representatives are those working for the association in under various business plans other than full-time or perpetual premise. The greatest test for J.C. Penny is finding some kind of harmony among changeless and unforeseen specialists, and structuring differential prize and motivating force system for these arrangement of workers. J.C Penny has anyway actualized various techniques for powerful administration of unforeseen and transitory laborers inside the association. Right off the bat, J.C Penny takes part in cautious arranging before connecting with and coordinating these representatives inside the workforce. Also, J.C. Penny participates in nonstop appraisal and assessment of the expenses and advantages of drawing in these representatives before arriving at significant choices on the piece of the human

Opinion Essay Samples: How to Prepare for an Opinion Essay

Opinion Essay Samples: How to Prepare for an Opinion EssayOpinion essays are one of the simplest and most common topics on which students choose to participate in their academic careers. Essays are a common way to showcase one's intellectual aptitude and provide a more comprehensive perspective. They're also a great way to gain a certain amount of exposure for your individual work.The First Time Is writing an Opinion Essay - Most students who have taken part in some type of academic environment will be very familiar with the concept of participating in an opinion essay. It is one of the most time-consuming and often frustrating parts of an academic endeavor. Since the essay generally lasts several weeks, it is important to make sure that the author is as prepared as possible when he or she begins writing. This is where the opinion essay samples come in.One of the first things that students should do is determine whether they are going to write an argumentative or non-argumentative es say. Argumentative essays are often shorter, but they are required by most academic programs in order to graduate. For this reason, the opinions of many individuals in the class are typically included in the argumentative essay. Additionally, these opinions usually contain more details than the non-argumentative essays.One of the best methods of preparing for an opinion essay is to read through a variety of different types of essays. Opinion essays are used throughout the education system for several reasons, and the academic world is constantly evolving. Knowing how a variety of different opinion writing styles will be used throughout the academic world can help students know what to expect from his or her opinion essay before the project actually begins.When students begin to determine how to prepare for an opinion essay, they need to start at the beginning. Most essay writers will start with some type of learning curve. This is because the process involves a lot of research and t hinking about the idea that they are writing about. Essay writers can look at both formal and informal resources to get a basic understanding of the process.The next step for opinion essay writing involves preparation. The reader should be able to understand what the author is trying to communicate by the information presented in the essay. This is especially true when there are multiple ideas being presented throughout the essay.Finally, the opinion essay can be completed and submitted to the reader. This will provide a sense of completion to the academic institution that accepted the student's assignment. By preparing the student for the assignment in the least stressful manner possible, a better understanding of the process can be gained.In conclusion, the opinion essay is a common part of an academic career. Since it is such a significant part of the career path, it is important to receive as much exposure as possible. Opinion essay samples can help students to successfully comp lete the assignment on their own, giving them the necessary exposure to write an essay that they are proud of.

Robert Frost The Love Of Writing Essay - 1068 Words

Robert Frost: For The Love of Writing There are and have been many great writers in the current day and throughout history. They all have different accomplishments, and most hold college diplomas. While Robert Frost didn’t receive a diploma from either of the colleges he attended, his success shows that it is not required. So what is it about him that many still consider him to be a great writer? What is it about his poems and writings? Are they only words, or do they hold something more†¦a deeper meaning perhaps? Robert Frost is considered a great writer because his poems posess a deeper look into life. He uses scenarios from the time period in which he was living. This included the simplicity and complexity of nature, animals, current events, friendships and his own life experiences. Some are cheerful and witty, while others are woeful. All of these poems, however different, have one thing in common – they all have a deeper meaning within. He is considered one of America’s most accomplish ed poets. Frost loved writing as he loved life, and his passion for it, was evident throughout his works. His poems have such emotion, and deeper meaning that one ends up finding themselves compelled to search for the hidden message. His use of imagery and tone of voice give one’s imagination a glimpse of something more than the obvious. An example of this is found in the poem â€Å"On a Tree Falling Across the Road †, â€Å"The tree the tempest, with a crash of wood, throws down in frontShow MoreRelatedBiography of Robert Lee Frost Essay650 Words   |  3 PagesBiography of Robert Lee Frost Biography of Robert Lee Frost A poem begins with a lump in the throat, a home-sickness or a love-sickness. It is a reaching-out toward expression; an effort to find fulfillment. A complete poem is one where an emotion has found its thought and the thought has found the words Robert Lee Frost once said. Robert Frost is widely admired and recognized for his literary works. He was an honored poet of the twentieth century. Frost may have lived a troubling lifeRead MoreAnalysis Of The Poem Birches By Robert Frost1711 Words   |  7 PagesEarth. Robert Frost features this idea through his poem â€Å"Birches.† Frost discusses this idea through a falsehood, for, at first glance the meaning of the poem is significantly different than the deeper meaning. Although â€Å"Birches† seems to be about a child frolicking through the trees, Frost’s â€Å"Birches† is actually about how people act cruelly towards nature and how they should change their ways to respect the earth, because the tenor, t he form and vehicle, and critical interpretation. Robert Frost’sRead MoreEssay about Analysis of the Poems of Robert Frost1316 Words   |  6 Pagesthan Robert Frost. Robert Frost is a poet that is well known for his poetic contributions to nature, as well as his award winning poems. His poetic ability and knowledge make him an extraordinary author. His past; including schooling, family, and the era in which he wrote influenced nearly all of his poems in some way. This very famous poet contributed to the modernism era, had a family and an interesting life story, and a unique poetic style as well. The literary era in which Robert Frost wroteRead MoreRobert Frost s Poetry Style1228 Words   |  5 PagesMany poets have shaped the writing style of modern day poetry a bit, but few have done so much as Robert Frost has in the ways of influencing today’s poetry. A man widely renowned and respected in America, Frost used his shockingly modern writing style to help pave a path for the poems of the future. By analyzing this great poet, one can only hope to discover the true, raw meaning of the written words that have had a lasting impact on the views and, more importantly, on the world of poetry. ThisRead MoreReminiscence of Birches779 Words   |  3 PagesReminiscence of â€Å"Birches† Robert Frost’s â€Å"Birches† is a poem that makes incites towards the shortness of one’s life. In the poem, Frost reminisces on his childhood, and remembers it all too well. The poem is meant to help the reader to reflect on his/her own life and leave them wanting to treasure moments of the present more intensely. The poem encourages its readers to think about what great things lay ahead, while looking at the positive side of life. Although Frost knew the tree branches wereRead MoreRobert Frost s Writing Style1589 Words   |  7 Pages Robert Frost once said, â€Å"The figure a poem makes. It begins in delight and ends in wisdom... in a clarification of life - not necessarily a great clarification, such as sects and cults are founded on, but in a momentary stay against confusion† (Robert Frost Quotes). This same kind of thinking opened the door for metaphorical poetry that helped to show the poets transparency. His love for the social outcast and the struggles of his life are exhibited greatly in his poems. Robert Frost helpedRead MoreThe Road Not Taken By Edgar Allan Poe And Robert Frost1081 Words   |  5 PagesEdgar Allan Poe and Robert Frost influenced my thorough love of different styles of literature, particularly poetry. To the masses, Edgar Allan Poe and Robert Frost only share job titles, but the two poets share many similarities within their writing. Personally, I read pieces from both authors over the course of my schooling experience. I admired Robert Frost’s poem, â€Å"The Road Not Taken† from a young age, and that particular stole my heart since the first read. â€Å"The Raven,† became one of my favoriteRead MoreRobert Frost: A Poet To Remember Essay1004 Words   |  5 PagesRobert Frost was one of Americas leading 20th-century poets and a four-time winner of the Pulitzer Prize. He has been an inspiration to many young writers and aspiring poets. Although he lived through a troubled and tragic life, Frost was able to express his unique view of nature and the world around him in the delicate art of poetry. His direct and easy-to-read poems made him one of the most recognized poets in the country. Robert Frost had the ability to make his poems accessible to anyone readingRead MoreRobert Frost And Modern Poetry1245 Words   |  5 PagesMany poets have shaped the writing style of modern day poetry a bit, but few have done so much as Robert Frost has in the ways of influencing today’s poetry. A man widely renowned and respected in America, F rost used his shockingly modern writing style to help pave a path for the poems of the future. By analyzing this great poet, one can only hope to discover the true, raw meaning of the written words that have had a lasting impact on the views and, more importantly, on the world of poetry. ThisRead MoreEssay On Robert Frost1194 Words   |  5 PagesRobert Frosts Life and Accomplishments â€Å"Dont ever take a fence down until you know why it was put up.† What a great quote by Robert Lee Frost, and there remain many of more that he wrote. Robert Frost wrote many of his best poems on several levels of meaning. He was one of best and most loved and respected poets. He did a great job capturing the hearts of his audience with his natural imagery and ability to use many metaphors to reveal the realism that he was trying to create. However, Robert

Varying Cultural Structures in Homers The Illiad and The...

Greek mythology deals significantly with culture and its factors, as they describe the societies and the people inhabiting it by depicting their everyday life and the state of their land. Both Hephaestus, in Homer’s Iliad, and Odysseus, in Homer’s The Odyssey, set out to portray the cultures that they saw, yet the cultures and societies varied greatly, from Hephaestus illustrating the highly developed societies of the Greek and their culture; while on the other hand, Odysseus seems baffled by how underdeveloped the Cyclopes land and culture is. Hephaestus and Odysseus seem to have the same understanding what is normal of a culture, society, and their factors; however, there are noteworthy variations between their accounts. In the 18th†¦show more content†¦Odysseus continues to elaborate, â€Å"These people have no institutions, no meetings for council†¦each one is the law for his wives and children.† (Odyssey 9.112, 114) Hence, the absence of laws l eads to the lack of a structured society, where there were no mediators, no law to abide by to and dictate what is right or wrong. Such difference was dire enough for Odysseus to use to describe the new land that he reached, as this state of chaos and lack of laws was one of the primary shortcomings of the Cyclops culture, and could be the reason why the Cyclops’ culture was primitive. The major difference between the two cultures, Hephaestus’ culture on the shield and the Cyclops culture, is in their approach to agriculture and the economical basis of the culture. Hephaestus described the agriculture aspect using many images, starting with â€Å"He made upon it a soft field, the pride of the tilled land, wide and triple-ploughed.† (Iliad 18.541, 542) Here he vividly displayed the image of the ploughed field; also, Hephaestus continues to elaborate on agriculture, as it is the economic basis and structure of the culture on the shield. Ensuing Hephaestus proceeds to describe a harvesting scene with the harvesters working, the king pleased with the harvest and the women preparing food for the workers while the heralds preparing a feast; thus showing the society members and the role of each one and

Corporate Accounting AASB and Corporation Act

Question: Discuss about theCorporate Accountingfor AASB and Corporation Act. Answer: Introduction AAS applies to every entity which is required to report their financial statements under the conceptual framework of AASB and Corporation Act 2001 (Kung and et.al. 2013). The main objective of impairment is to ascertain whether the amount of which asset is recorded on the balance sheet is exceeding its fair value or not. Purpose of Impairment Test The provisions related to the impairment of assets are described in AASB 136. As per this standard, it is important for an entity to test its assets worth according to their useful lives. It is required for an entity to identify and recognise the indications which give a signal that the asset needs to be impaired (AASB. Impairment of Assets, 2016). The purpose of the impairment test is to measure that the item stated in the balance sheet in worth the total amount which is reflected thereon. For the same reason, the assets are valued as per the market value of the asset. The purpose of evaluating the assets on the basis of market price is to assess the worth of the asset for the money which is stated in the balance sheet. This assessment of assets is done on the basis of the useful life of the asset. For impairment of assets like goodwill, the carrying amount is adjusted by representing it to the lowest level in comparison with the recoverable amount. The impairment test is important for internal control purposes by management. An intangible asset with an indefinite life is compared on the basis of recoverable amount. Impact on Impairment due to Existence of Goodwill According to the Standard AASB 136 all the intangible assets of the entity which are not yet presented for use, are required to be tested annually for impairment. This type of impairment test is also conducted for goodwill which obtained as a result of the business combination and the intangibles which have indefinite useful lives. In cases where the goodwill is considered to be cash generating, the impairment is done through CGU (Andersson and Wenzel, 2014). Goodwill is always recognised as an asset that has lasting balance because it includes assets which cannot be recognised and accounted separately. Thus, it is impossible to estimate the fair value of goodwill or determining the exact amount of cash flow related to goodwill. Goodwill is assessed by the management of entity by allocating it to the lowest level. Thus, it is possible to test impairment of goodwill at the level of CGU only. Rules Relating to CGU Relating to Impairment Loss in Case Goodwill Exists: According to the provisions of the standard, the goodwills carrying amount must be decreased to zero. The method of Pro- Rata must be adopted for distributing the balance amount to the leftover asset. The losses are evaluated annually (Bonin, 2013). If the rules allow, individual assets can be reversed according to impairment loss. It is important to ensure that after considering the impairment loss on the asset, the new carrying value must be lower than the value on which impairment is done. Reversal of Impairment Loss: After the impairment loss, the loss which is allocated across the assets related to CGU is reversed on impairment loss. For impairment loss which is related to goodwill, no reversal can be applied to the assets (Bryer, 2013). The asset on which reversal is done, it is important to keep the indicators same as that were used at the time of application of impairment. Disclosure: The management has an obligation to disclose the amount of impairment loss accounted during the year in the profit and loss account. The amount which is related to the reversal of impairment loss also needs to be disclosed in the financial statements while revaluation of an asset in the total equity. Basic Steps to be Followed in Applying Impairment Test- Although it is not necessary for the organisations to conduct a test for impairment on an annual basis, however, apart from this provision of the standard, the organisation must consider the indicators which recommend that the assets need to be impaired (Glaum and et.al. 2013). There are many sources or evidence which are to be considered by the management for conducting impairment on assets. Some of them are- External sources/ Evidences Internal Sources/ Evidence A reduced market value of the entitys goodwill. Assets being physically damaged. Unreceptive changes in the macro environment of the entity Changes in the way an asset is being used. Increased rates of Interest on borrowing from external sources. A substantial decrease in the assets economic performance. Market Capitalization Steps in the Impairment Process Ascertaining Recoverable Amount Evaluation of recoverable amount of the asset is the first step in the process of the impairment test. An amount that is equivalent to greater than fair value less cost of value in use and disposal is known as the recoverable amount. The amount which can be received by the entity after the sale of that asset is termed as the fair value of that asset (Gaffikin and Aitken, 2014). The net value of the cash flows that is generated by a particular asset is referred to the value in use of that asset. The computation of fair value is easy in contrast to the amount of value in use. The recoverable amount will always be equivalent to higher of value in use. Comparison of the Recoverable Amount with Carrying Amount of that asset When the Recoverable amount of asset is less than the carrying amount, then the loss which is arising is debited to the revenue account (Ienciu and Matis, 2014). However, if the case is opposite, that is, when the recoverable amount is more than the carrying amount, no action is required by the management. Methods of Accounting for Impairment There are two methods by which impairment loss can be accounted- Cost model- Under this method, the impairment loss is documented in profit and loss account at the time when the impairment arises. Revaluation model- This method accounts for impairment loss by treating it as revaluation decrement (Kung and al. 2013). Further depreciation or amortisation is evaluated on the basis of new recoverable amount. Calculation of Impairment Loss Calculation of Impairment Loss Carrying amount of assets 1680000 Recoverable amount of assets 1420000 Impairment loss 260000 The amount of impairment loss is set off against the value of goodwill of $40000. The balance of loss will be i.e. $220000 will be allocated to other assets, except land and inventory. As the recoverable amount of land is provided and it is assumed that Inventory is recorded at lower of cost or NRV. Adjustment of Value of Goodwill Particular Carrying Amount Proportion Allocation of loss Net Carrying Amount Land $200000 29000 171000 Brand 'Crossbow Shoes' 160000 191000*160000/1260000 24254 135746 Shoe Factory 700000 191000*700000/1260000 106111 593889 Machinery 400000 191000*400000/1260000 60635 339365 Journal Entries for Impairment Loss Occurring on 30th June 2015 Journal Entries for impairment loss occurring on 30th June 2015 Sr. No. Date Particular Dr. Amount Cr. Amount 1 30.06.2015 Impairment loss Dr. 260000 To Goodwill 40000 To Accumulated amortisation and Impairment Losses (Land) 29000 To Accumulated amortisation and Impairment Losses (Brand 'Crossbow Shoes') To Accumulated amortisation and Impairment Losses (Shoe Factory) To Accumulated amortisation and Impairment Losses (Machinery) [Being impairment loss attributed to assets on pro-rata basis except for land, inventory and goodwill.] References Books and Journal Andersson, S. and Wenzel, F. 2014. Application of IAS 36Impairment of fixed assets-A qualitative study about the main challenges for companies regarding impairments. Bonin, H. 2013.Generational accounting: theory and application. Springer Science Business Media. Bryer, R. 2013. Americanism and financial accounting theoryPart 2: The modern business enterprise, America's transition to capitalism, and the genesis of management accounting.Critical Perspectives on Accounting. 24(4). Pp.273-318. Gaffikin, M. and Aitken, M. 2014.The Development of Accounting Theory (RLE Accounting): Significant Contributors to Accounting Thought in the 20th Century. Routledge. Glaum, M., and et.al. 2013. Compliance with IFRS 3-and IAS 36-required disclosures across 17 European countries: company-and country-level determinants.Accounting and business research. 43(3). Pp.163-204. Ienciu, N.M. and Matis, D. 2014. Inflection points in the development of IAS 38.Journal of Financial Reporting and Accounting.12(1). Pp.62-75. Kung, F.H. and et.al. 2013. The Association between Goodwill Amortisation and the Dividend Payout Ratio.Asian Journal of Business and Accounting.6(2). P.1. Online AASB. Impairment of Assets. 2016. [PDF]. Available through aasb.gov.au. [Accessed on 26th January 2017.]

Smart Technology and the Dumbing Down of Society Essay Example

Smart Technology and the Dumbing Down of Society Paper Technology can be a great thing, from single tiny flash drives having more processing power than some of the oldest computers to getting humans on the Moon and rovers on Mars, technology has changed mankind and it’s a growing industry that sees no end in the future. Technology has influenced this generation greatly, making them as a whole smarter because of the millions of resources available at the click of a button, however ways technology affects this generation are not always good, technology has made this generation dumber on the individual level, not only has technology made this generation extremely dependent on technology and other people to provide new technology and information, technology has also made this generation ignorant, not knowing what it’s like to live without all this technology. Technology has been a great asset to people in a modernizing world, people on different sides of the world can communicate in minutes thanks to websites like skype and facebook, however this generation has taken advantage of that fact and it made them dependent on technology to do the things it does like video chatting with friends or posting on their favorite social media site or application. â€Å"A major downside of increased dependence on technologies is increased consequences if those technologies break down or disappear†(Jonathan Coopersmith in â€Å"Is technology making us dumber or smarter? Yes†) meaning that if the technologies of this generation break down this generation will be left helpless because we depend on technology too much in our everyday lives. We will write a custom essay sample on Smart Technology and the Dumbing Down of Society specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Smart Technology and the Dumbing Down of Society specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Smart Technology and the Dumbing Down of Society specifically for you FOR ONLY $16.38 $13.9/page Hire Writer This generation has made technology such a daily part of their lives that even classrooms in school have begun using technology, as stated by Matthew Lynch in â€Å"Do mobile devices in the classroom really improve learning outcomes?† †In 2013, an estimated 25% of U.S. schools had BYOD (Bring Your Own Device) policies in place† This means that a quarter of U.S. schools i

Gradeur of tang essays

Gradeur of tang essays Last Friday, I feel privileged to attend the concert named the Grandeur of Tang, performed by the Singapore Chinese Orchestra. This was held at the Esplanade concert hall and in attracted a huge crowd. Before we entered the hall, we could feel the impact when we saw a number of Chinese dressed in the traditional Chinese costumes for the formal occasion. The moment we entered the concert hall, we were excited to see the platform filled with many traditional Chinese instruments such as the erhu and dizi and they were all organized in a systematic and neat order. On the platform, there were also impressive instruments such as the two large drums on both sides of the stage and more fascinating was the replica of the ancient bronze chime bells which was indeed an impressive backdrop. After the settling down, the much anticipated performance began with the piece The Rainbow Skirt and The Feathered Coat composed by Gao Weijie, who was inspired by a piece from the Tang dynasty. As most of us know, the Tang dynasty in China was widely regarded as the golden era of Chinese arts and culture. However, the dynamic piece of music was disrupted when the enthusiastic audience clapped at one point before the music ended. Therefore, the orchestra had to stop under the maestros order but they regained momentum shortly after. The performance was further enhanced by the recital of Tang poetry, which was accompanied by some music played by the orchestra to set the mood and tone. This benefited the audience greatly as it enabled them to relish the experience and helping them convey the appropriate mood of each poem. The poem was recited by two narrators, Yang Ou and Johnny Ng. Yang Ou recited the poem in a lively and clearer tone which made it full of expression and attracting the audience attention. The recitation of poems by Johnny Ng was less attractive as it was accompanied by loud pieces of music which easily en...

Resumes and LinkedIn for Relaunchers The Essay Expert Interviewed on BlogTalkRadio

Resumes and LinkedIn for Relaunchers The Essay Expert Interviewed on BlogTalkRadio I was interviewed about resumes and LinkedIn topics on March 22, 2011 by LeeAnn Dance. Her project, Back In Force Productions, is a blog and radio show for stay-at-home parents reentering the workforce. For your listening pleasure! The interview is full of great tips not just for relaunchers but also for any job seeker. Find out about how long your resume should be; whether to include dates; and what the current trends are for the Objective statement (or not). And learn some absolute musts for your LinkedIn profile. This is my first experience embedding a BTR player into a blog post. Check it out! Listen to internet radio with Back in Force on Blog Talk Radio

Social work critical thinking essay. book-Blaming The Victim by Essay

Social work critical thinking . book-Blaming The Victim by William Ryan - Essay Example The child’s upbringing is brought up repeatedly as an excuse for the lower educational levels of the minorities. The article mentions the influence of the home environment and the lack of experiences as a reason for hindered learning. It goes on to say that these differences in the home environment cause a barrier to education by not teaching the black student with, â€Å"inadequate preparation for the reality of the modern urban school.† (37) Integration became the solution for the poor educational system. So rather than facing the true problem, the victim is blamed and, â€Å"Uneducated parents, crowded living quarters, absence of books, family disinterest in education—all combine to handicap the poor black child as he enters the school system.† (33) Thus not only blaming the victim, but also instilling a belief in negative stereotypical beliefs about the victims. So not only is the child and his upbringing blamed for the lack of education, the inequality is justified by finding defects in the child while blaming. One instance of finding defect is that it was believed that being poor led to a â€Å"functional inferiority.† The Coleman Report was considered comprehensive. Coleman’s studies found that â€Å"blackness and low achievement are highly correlated†. This research blamed the victim by assuming that because white children learn more, black children learn less. Repeatedly, the blame returns to the home environment, blaming the victim for an upbringing. Researchers based findings on how far a student would go based on number of newspapers in the home, educational level of father and mother, books in the home, etc. (51) The research determined that there were more opportunities, more preparations for college and more resources available for whites. According to the author, the Coleman Report blames the victim based on the family background, treating it as â€Å"a cause-and-effect

The Federal Open Market Committee Coursework Example | Topics and Well Written Essays - 1500 words

The Federal Open Market Committee - Coursework Example The depository institutions of the economy hold some balances with the Federal Reserve Bank. The depository institutions also lend balances at the Federal Reserve to other such institutions overnight. The interest rate at which these balances are lent is known as the federal funds rate. The Federal Reserve, with the help of its three policy instruments, influences the demand and supply of these balances held by the depository institutions at the Federal Reserve and thus also changes the federal funds rate. As the federal funds rate changes, this starts a sequence of activities which influences other short term interest rates, long term interest rates, foreign exchange rates, amount of money and credit circulating in the economy, employment, output, the prices of goods and services and many other economic variables. (Board of Governors of the Federal Reserve System, 2011) The Three Main Tools of Monetary Policy Open Market Operations: Under the open market operations, the Federal Reserve Bank buys and sells U.S Treasury bills and federal agency securities in the market. These operations are usually conducted to achieve a desired level of balance reserves which the depository institutions hold with the Federal Reserve. The operations can be conducted to achieve a desired value of the federal funds rate too. Usually, the short-term objectives of the open market operations are specified by the Federal Open Market Committee ... m, 2011) (Board of Governors of the Federal Reserve System, 2011) The Discount Rate: The Federal Reserve Bank has its branches located in the different regions of USA. These regional Reserve Banks have a lending facility called the discount window through which they extend loans to the commercial banks and other depository institutions of that region. The interest rate charged on these loans is the discount rate. The Federal Reserve Banks offer three types of loans through their discount windows: primary credit, secondary credit and seasonal credit, extended at their respective discount rates. The primary credit discount rate is stipulated above the short-term market interest rate level. The secondary credit discount rate is set above the primary discount rate. The seasonal credit discount rate is determined by calculating an average of selected market interest rates. The regional Reserve Bank’s Board of Directors determines their respective discount rates, although they remai n to the review of Board of Governors of the central Federal Reserve Bank. The funds borrowed by the Commercial Banks from the Federal Reserve Bank from January- July 2011 can be seen from the following table: (Board of Governors of the Federal Reserve System, 2011) (Board of Governors of the Federal Reserve System, 2011) Reserve Requirements: The Federal Reserve Bank stipulates an amount of funds that the depository agents should keep as reserves against specific amount of deposit liabilities. These are known as reserve requirements. The depository institutions usually hold these reserve requirements in the form of deposits or vault cash with the Federal Reserve Bank. Only the Board of Governors of the Federal Reserve Bank holds the power to change the reserve requirements. (Board of Governors

Michael Wigglesworth: Devoted Preacherman Overcomes Sickliness And Sill

Michael Wigglesworth: Devoted Preacherman Overcomes Sickliness And Silly Name to Write The First American Bestseller THE MAN (NO MYTH, NO LEGEND) Puritan diaries provide feeble fodder for biographical blurbs. Most diaries focus primarily on spiritual growth. The diary of Michael Wigglesworth is hardly an exception. As noted in the reputable Dictionary of Literary Biography, "Wigglesworth’s private, personal life is surrounded by much ambiguity and conjecture." Wigglesworth (1631-1705) spent the bulk of his life in Malden, Massachusetts, his activities alternating between preaching, writing preachy poetry, and retching in pain. He studied at Harvard and eventually became a practicing physician and minister. He hardly had a year of preaching under his proverbial belt when an obscure "painful, lingering" disease smote him silly. The disease ravaged his innards for nearly twenty years, during which time he had to decline the presidency of Harvard and turn to poetry as a means of preaching from his sickbed (Bosco 337-342). When compared to some of his contemporaries, Wigglesworth composed a fairly slim collection of poetry. However, "The Day of Doom," an Edwards-esque diatribe detailing the second coming of Christ, achieved immense popularity. Hailed by numerous scholars as "the first American bestseller," the poem (comprise of 224 eight-line stanzas) was an immediate success in the American colonies. Generations of schoolchildren memorized it, and their pious parents clutched it closely. Perhaps roused by his success, or by his marriage to a woman 25 years his junior, Wigglesworth "made a startling recovery" and spurned his disease. As Cotton Mather observed, "It pleased God wondrously to restore His Faithful Servant. He... ...mporaries: Anne Bradstreet and Edward Taylor. Wigglesworth’s style "strikes contemporary readers as more appropriate to the pulpit than to poetic stanzas." The didactic style, exactly what Puritan readers favored, displeases most modern readers (Bosco 337-342). Works Cited Bosco, Ronald A. "Michael Wigglesworth." Dictionary of Literary Biography. Vol 24: American Colonial Writers. Ed. Emory Elliot. Princeton U: Gale Group, 1984. 337-342. Radel, Nicholas F. " A Sodom Within: Historicizing Puritan Homoerotics in the Diary of Michael Wigglesworth." The Puritan Origins of American Sex. Eds. Tracy Fessenden, Nicholas F. Radel, and Magdalena J. Zaborowska. New York: Routledge, 2001. Works Consulted Wigglesworth, Michael. The Day of Doom, or a Poetical Description of the Great and Last Judgment. Ed. Kenneth B. Murdock. New York: Russell & Russell, 1966.

Imagination Is More Important Than Knowledge Essay

The sum or range of what has been perceived, discovered or learned is what every dictionary or scientist would answer when one would ask them to define knowledge. Imagination, is what these scientists and dictionaries would answer when they were given the question to state one word on the following: ‘The faculty of imagining, or of forming mental images or concepts of what is not actually present to the senses. ’ In 1929, Albert Einstein was brave enough to compare these two to each other after which he came to the conclusion that imagination would be more important in life than knowledge, for knowledge is limited. But when one were to consult anyone or anything on this statement, he would find there is no clear support to take Einstein’s words for granted. Nor is there any clear opposition to question the above said. However, when one would be served with this statement after having read Lagemaat’s book he would immediately start doubting Einstein and his views generating some thought-worthy knowledge issues. For I am too, a reader of Lagemaat’s book, I cannot completely agree or deny his views asking myself how we can possibly rely on our imagination without knowledge as a medium to support it. Or to what extent we, without any knowledge, would take our imagination for granted and thus consider our own imagination knowledge in one way or another. As stated above, even a claim made by one of the most talented mathematicians, can have its validity taking into consideration. By stating that imagination is more important in social life than knowledge, solely by saying that our grounds for knowledge are limited would not suffice. The main question Lagemaat and many of his followers would ask Einstein is in what way we can rely on our imagination in daily life without knowledge as a medium to support it or to what extent imagination makes us blind to knowledge and thus holds us back in real life. For years people used to think the earth was flat. This was due to everyone imagining the earth as a flat square of which you could fall off. ‘How else can we stay on the earth if it wouldn’t be flat? ’ would have been the common thing to think at the time. Humanity did not know what shape the earth had as they had no tools to either go to outer space or observe other planets and the force of gravity. Due to this lack of knowledge the only tool they had was their imagination. People at that time came to a widely accepted conclusion of the earth being flat and you being able to fall off it into the everlasting darkness there being no life whatsoever. By saying imagination is more important that knowledge Einstein suggests we go back to these times of unleashed imagination and forget our search for the absolute truth. In my point of view, this would be a major setback in our current progress. For example, people that thought the earth was flat, also thought you could fall off it and therefore always had set boundaries and did not have the guts to explore more of the world solely driven by the fear of falling off. This led to the exploration of other continents being delayed by a huge amount of time. Going back to the times of our imagination playing a role in our daily decisions would quite frankly mean the same as us evolving back into the animals we once were as there would be nothing that distinguishes us from them. So can we trust our imagination if we do not have any knowledge to support it? No we cannot, we are humans and that is what separates us from any ordinary predator, we have knowledge. Another major loophole in Einstein’s reasoning is that in a world where we would not have any knowledge, and where we were left with imagination, our points of view would automatically be widely accepted and according to Lagemaat’s book, our imagination could then be seen as knowledge although this knowledge not being necessarily true. This completely neglects Einstein’s words in the way that he states we do not need knowledge when we have imagination, but as I said before, all imagination does in that case is take up the position of knowledge neglecting the whole purpose of imagination. An idea I used earlier on, the thought of the earth being flat. Not only did the wrong view on the earth being flat contribute to human kind thinking they could fall off and thus uphold important developments for many years, it also filled up the place of our lacking knowledge. What I’m trying to say is that because of our lack of knowledge we assumed something to be true solely based on our imagination. Thus considering it as knowledge. This type of thinking does not contribute to imagination being the way it was supposed to be: ‘The faculty of imagining, or of forming mental images or concepts of what is not actually present to the senses. ’ In basic mathematics which even Einstein should be able to follow, when A equals B and B equals C, A is equal to C. When imagination and knowledge are both said to lead to the view of the earth being round, knowledge and imagination are equal to each other. Thus stating that something is more important than its equal, is something ridiculous and only possible in the play ‘Animal farm’. Writing this essay made me, as an ordinary human, start to question the vast amount of knowledge I get served every day at school. If there was a way for me to actually find out whether something is really true, I would do it. Sadly I do not have these capabilities and all I can do is rely on the teacher’s words. But as I said before, these could very well be based on nothing but mere imagination and be completely wrong. It is only now that I start to see in what ways Lagemaat is right when he says how knowledge can be interpreted and should be questioned at the same time. It was said that stating imagination was more important than knowledge eventually would lead into us making very false assumptions and decisions in daily due to our knowledge of what is said to be true and what is not, would be lost completely and we would only base our decisions on our own insight and imagination. It was also said that Einstein was very wrong in saying that imagination was more important than knowledge as all imagination would do in that case was to replace knowledge, neglecting the whole purpose of imagination. Abstract The subject on this essay is related to Einstein’s interview in 1929 in which he stated that imagination was more important than knowledge. in the essay itself I will be trying to argue why Einstein was in the wrong by saying the above said. By saying imagination is more important than knowledge, Einstein is basically saying that we as humans would be better off living in a world where we did not keep ourselves busy with our everlasting hunger towards knowledge, but in a world where we would use our imagination instead of knowledge to reason for our decisions in daily life. I will try to disprove this by saying that in world without any knowledge, all imagination essentially would do, was to take up the space of knowledge because our imagination could then be argued to be knowledge as it is widely accepted amongst a large group of people in society. Furthermore there is the argument of human kind not being able to solely base their ideas and thoughts on imagination as this would only lead wrong insight as to how someone can deal with a certain situation and will with no doubt hold us up in our search for progress. This has been backed up by an example on human kind in the time they thought the earth was flat and as George Santayana said: ‘those who cannot remember the past, are condemned to repeat it’.

What is Organizational Theory - 532 Words

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