Federal Reserve Policy Essay Example | Topics and Well Written Essays - 2000 words

Federal Reserve Policy - Essay Example The weakness in the real estate markets has spread to become a system wide problem as sub-prime loans turn into toxic assets leaving financial institutions under-collateralized. The US Federal Reserve Board has been criticized for enacting policies that exacerbated the problem, or at least for failing to curtail the spread of the problem by its lack of action. The purpose of this paper is to examine the policies of the Federal Reserve Board during the period of 2006-2009 in light of the current financial crisis. The paper will find that the Federal Reserve Board policies during this period were prudent and appropriate, but failed to exert the political will necessary to address the problems that have arisen in the financial system that were due to factors that are beyond the Board's authority. By many accounts, the current financial crisis began in the housing industry and was fuelled by the twin problems on over-evaluation and high-risk mortgage loans. As the problem grew, financial institutions continued to make high interest, high-risk loans on property that had reached values that were unrealistically high. When the real estate bubble burst, many of these institutions and borrowers were left with assets worth far less than the amount due on the loan. According Bernanke (2008), "housing and housing finance played a central role in precipitating the current crisis. As the crisis has persisted, however, the relationships between housing and other parts of the economy have become more complex.Declining house prices, delinquencies and foreclosures, and strains in mortgage markets are now symptoms as well as causes of our general financial and economic difficulties". Yet, could the Federal Reserve Board (FRB) have taken steps beginning several years ago to address theses ca uses of system wide failure Bernanke (2008) is very clear that the problem was "declining house prices, delinquencies and foreclosures, and strains in mortgage markets". In fact, the FRB was aware of these problems, but failed to enact policies to address these complex issues. Bernanke lists the first cause of the current crisis as the falling prices of housing as the real estate bubble burst. In a free market, asset prices will work to reach equilibrium. A bubble in any industry will eventually deflate in an effort to reach its true valuation. This was seen in the collapse of technology stocks in 1999-2000, and now has hit the real estate market. However, the FRB may have not been able to deal with this problem effectively. In retrospect, Stern (2008) states, "it is challenging at best to identify when asset prices have reached excessive levels, to build support for action once identification has occurred and to implement corrective policy successfully". There is a general philosophy in the FRB that the best strategy for asset inflation is a policy of containment and clean-up, rather than prevention (Stern 2008). In fact, the FRB's policy was "monetary policy easing and last-resort lending", which only deepened and prolonged the crisis (Blanchard 2009, p. 2). Asset revaluation is a political challenge, but is within the FRB's capacity. None of these actions took place, and the FRB continued dropping interest rates. While the falling interest rates were enacted to stimulate a lagging economy, other factors continued to prop up housing prices at unrealistic levels. When mortgage money is cheap, it creates more customers interested in borrowing and the demand for housing remains high. During the

Sociology Research Essay Example for Free

Sociology Research Essay Sexism is also known as  gender discrimination  or  sex discrimination, is defined as prejudice or discrimination based on sex; or behavior, conditions, or attitudes that foster stereotypes of social roles based on sex. Sexism is a form of discrimination or devaluation based on a persons sex, with such attitudes being based on beliefs in traditional stereotypes of gender roles. The term  sexism  is most often used in relation to discrimination against women, in the context of patriarchy. Sexism involves hatred of or prejudice towards a gender as a whole or the application of gender stereotypes. Sexism is often associated with gender-supremacy arguments. Gender stereotypes A 1952 magazine feature stereotyping women drivers. Gender stereotypes are widely held beliefs about the characteristics and behavior of women and men. Gender stereotypes are not only descriptive, but also prescriptive beliefs about how men and women should be and behave. Members of either sex who deviate from prescriptive gender stereotypes are punished; assertive women, for example, are called bitches whereas men who lack physical strength are seen as wimps. Empirical studies have found widely shared cultural beliefs that men are more socially valued and more competent than women at most things, as well as specific assumptions that men are better at some particular tasks (e. g. , mechanical tasks) while women are better at others (e. g. , nurturing tasks). For example,  Fiske  and colleagues surveyed nine diverse samples, from different regions of the United States, and found that members of these samples, regardless of age, consistently rated the category men higher than the category women on a multidimensional scale of competence. Gender stereotypes can facilitate and impede intellectual performance. For instance,  stereotype threat  can lower womens performance on mathematics tests due to the stereotype that women have inferior quantitative skills compared with men. Stereotypes can also affect the assessments people make of their own competence. Studies found that specific stereotypes (e. g. , women have lower mathematical ability) affect women’s and men’s perceptions of their abilities (e. g. , in math and science) such that men assess their own task ability higher than women performing at the same level. These biased self-assessments have far-reaching effects because they can shape men and women’s educational and career decisions. Gender stereotypes are sometimes applied at an early age. Various interventions were reviewed including the use of fiction in challenging gender stereotypes. For example, in a study by A. Wing, children were read  Bills New Frock  by  Anne Fine. The content of the book was discussed with them. Children were able to articulate, and reflect on, their stereotypical constructions of gender and those in the world at large. There was evidence of children considering the different treatment that boys and girls receive, and of classroom discussion enabling stereotypes to be challenged. Sexist and gender-neutral language Research has found that the use of  he  as a generic pronoun evokes a disproportionate number of male images and excludes thoughts of women in non gender-specific instances. Results also suggest that while the plural  they  functions as a generic pronoun for both males and females, males may comprehend  he/she  in a manner similar to  he, as  he  usually is placed before the dash and  she  after. This is usually done because the word  she  already contains the word  he  so it is positioned after the dash. It also has nothing to do with stereotypical gender roles. Nearing the end of the 20th century, there is a rise in gender-neutral language in western worlds, which is often attributed to the rise of  feminism. Gender-neutral language  is the avoidance of  gender-specific job titles, non parallel usage, and other usage that is considered by some to be sexist. Supporters claim that having gender–specific titles and gender–specific pronouns either implies a systemic bias to exclude individuals based on their gender or else as unnecessary in most cases as race-specific pronouns, religion-specific pronouns, or persons-height-specific pronouns. Some of those who support gender-specific pronouns assert that promoting gender-neutral language is a kind of semantics injection itself. Anthropological linguistics and gender-specific language Unlike the  Indo-European languages  in the west, for many other  languages  around the world,  gender-specific pronouns  are a recent phenomenon that occurred around the early 20th century. As a result of  colonialism, cultural revolution occurred in many parts of the world with attempts to modernize and westernize by adding gender-specific pronouns and animate-inanimate pronouns to local languages. This resulted in the situation of what was  gender-neutral pronouns  a century ago suddenly becoming gender–specific. (See for example  Gender-neutrality in languages without grammatical gender: Turkish. ) Gender-specific pejorative terms Gender–specific pejorative terms intimidate or harm another person because of their gender. Sexism can be expressed in a pseudo–subtle manner through the attachment of terms which have negative gender oriented implications  such as through  condescension. Many examples include swear words. A mildly vulgar example is the uninformative attribution of the term hag for a woman or fairy for a man. Although hag and fairy both have non-sexist interpretations, when they are used in the context of a gender–specific pejorative term these words become representations of sexist attitudes. The relationship between rape and misogyny Research into the factors which motivate perpetrators of  rape  against a specific gender, for example, women, frequently reveals patterns of hatred of said gender and pleasure in inflicting psychological and/or physical trauma, rather than sexual interest. Researchers have argued that rape is not the result of pathological individuals, but rather systems of male dominance, cultural practices and beliefs that objectify and degrade women. Mary Odem, Jody Clay-Warner and Susan Brownwiller consider sexist attitudes to be propagated by a series of myths about rape and rapists. They state that contrary to those myths, rapists often plan a rape before they choose a victim and that acquaintance rape  is the most common form of rape rather than assault by a stranger. Odem also states that these rape myths propagate sexist attitudes about men by perpetuating the thought that men cannot control their sexuality. In response to  acquaintance rape, the Men Can Stop Rape movement has been implemented. The US military has started a similar movement with the tagline My strength is for defending. Occupational sexism Occupational sexism refers to any  discriminatory  practices, statements, actions, etc. based on a persons  sex  that are present or occur in a place of  employment. One form of occupational sexism is  wage discrimination. In 2008, the  Organization for Economic Cooperation and Development  (OECD) found that while female employment rates have expanded considerably and the gender employment and wage gaps have narrowed virtually everywhere, on average, women still have 20% less of a chance to have a job and are paid 17% less than men. Moreover, the report stated: [In] many countries, labor market  discrimination  Ã¢â‚¬â€œ i. e. the unequal treatment of equally productive individuals only because they belong to a specific group – is still a crucial factor inflating disparities in employment and the quality of job opportunities [ ] Evidence presented in this edition of the  Employment Outlook  suggests that about 8% of the variation in gender employment gaps and 30% of the variation in gender wage gaps across OECD countries can be explained by discriminatory practices in the labour market. The report also found that despite the fact that almost all OECD countries, including the U. S. have established anti-discrimination laws, these laws are difficult to enforce. Gender stereotypes Gender roles  (or sex roles) are attitudes and activities that a society links to each sex. A culture that defines males as ambitious and competitive encourages them to seek out positions of leadership and play team sports. To the extent that females are defined as deferential and emotional, they are expected to be supportive helpers and quick to show their feelings. According to the  OECD, womens labor market behavior is influenced by learned cultural and social values that may be thought to discriminate against women (and sometimes against men) by stereotyping certain work and life styles as male or female. Further, the OECD argues that womens educational choices may be dictated, at least in part, by their expectations that [certain] types of employment opportunities are not available to them, as well as by gender stereotypes that are prevalent in society. There is a long record of women being excluded from participation in many professions. Often, women have gained entry into a previously male profession only to be faced with additional obstacles. Elizabeth Blackwell, the first woman to receive an M. D. in the  United States  and  Myra Bradwell, the first female lawyer in the state of  Illinois, illustrate the prevalence of women being excluded from certain professions and the changing culture. Professional discrimination continues today according to studies done by  Cornell University  and others. Some have hypothesized that gender bias has been influencing which scientific research gets published. This hypothesis coincides with a test conducted at the  University of Toronto  led by Amber Budden. The study showed that, in the journal  Behavioral Ecology, after implementation of double-blind review in which both the author and reviewer identity is concealed, there was an increase of 7. 9% in the number of papers authored by women. This was more than three times the increase of female ecology graduate students in the United States. In addition, women frequently earn significantly lower wages than their male counterparts who perform the same job. In the U. S. , for example, women earn an average of 23. 5% less than men. In 1833, women working in factories earned only one-quarter of mens wages, and in 2007, womens median annual paychecks reflected only $0. 78 for every $1. 00 earned by men. A study showed women comprised 87% of workers in the child care industry and 86% of the health aide industry. Some experts believe that parents play an important role in the creation of values and perceptions of their children. The fact that many girls are asked to help their mothers do housework, while many boys do technical tasks with their fathers, seems to influence their behavior and can sometimes discourage girls from performing such tasks. Girls will then think that each gender should have a specific role and behavior. A 2009 study found that being overweight harms womens career advancement but presents no barrier for men. Overweight  or  obese  women were significantly under-represented among company bosses, whereas a significant proportion of male executives were overweight or obese. The author of the study stated that the results suggest that the glass ceiling effect on womens advancement may reflect not only general negative stereotypes about the competencies of women, but also weight bias that results in the application of stricter appearance standards to women. Overweight women are evaluated more negatively than overweight men. There is a tendency to hold women to harsher weight standards. At other times, there are accusations that some traditionally female professions have been or are being eliminated by its roles being subsumed by a male dominated profession. The assumption of baby delivery roles by doctors with the subsequent decline of  midwifery  is sometimes claimed to be an example. Wage gap [pic] Euro stat  found a persisting gender pay gap of 17. 5% on average in the 27  EU Member States  in 2008. Similarly, the OECD  found that female full-time employees earned 17% less than their male counterparts across OECD countries in 2009. In the U. S. , the female-to-male earnings ratio was 0. 77 in 2009, meaning that, in 2009, female full-time, year round (FTYR) workers earned 77% as much as male FYTR workers. Womens earnings relative to mens fell from 1960 to 1980 (from 60. 7 percent to 60. 2%) and then rose rapidly from 1980 to 1990 (from 60. 2% to 71. 6%), and less rapidly from 1990 to 2000 (from 71. 6% to 73. 7%) and from 2000 to 2009 (from 73. 7% to 77. 0%). At the time when the first  Equal Pay Act  was passed in 1963, female full-time workers earned 58. 9% as much as male full-time workers. The gender pay gap has been attributed to differences in personal and workplace characteristics between women and men (education, hours worked, occupation etc. as well as direct and indirect discrimination in the labor market (gender stereotypes, customer and employer bias, etc. ). Studies always find that some portion of the gender pay gap remains unexplained even after controlling factors that are assumed to influence earnings. The unexplained portion of the wage gap is attributed to gender discrimination. The estimates for the discriminatory component of the gender pay gap vary widely. The OECD estimated that approximately 30% of the gender pay gaps across OECD countries is due to discrimination. Australian research shows that discrimination accounts for approximately 60% of the wage differentials between women and men. Studies examining the gender pay gap in the United States  show that large parts of the wage differential remain unexplained even after controlling for factors that affect pay. One study examined college graduates and found that the portion of the pay gap that remains unexplained after all other factors are taken into account is 5% one year after graduating college and 12% 10 years after graduation. Research done at  Cornell University  and elsewhere indicates that mothers are less likely to get hired than equally qualified fathers and, if hired, would be paid a lower salary than male applicants with children. The  OECD  found that a significant impact of children on women’s pay is generally found in the United Kingdom and the United States. ]  Fathers, on the other hand, earn  $7,500 more on average that than men without children. Glass ceiling The term glass ceiling is used to describe a perceived barrier to advancement based on discrimination, particularly gender discrimination. In academic achievement, great improvements have been made. However, as of 1995 in the United States, women received about half of all Masters degrees, but 95 to 97% of the senior managers of Fortune 1000 Industrial and Fortune 500 companies were male and in the Fortune 2000 Industrial and service companies, only 5% of senior managers were women. The  United Nations  asserts progress in bringing women into leadership and decision making positions around the world remains far too slow. Objectification Some argue that  sexual objectification  is a form of sexism. Some countries, such as  Norway  and  Denmark, have laws against sexual objectification in advertising. Nudity itself is not banned, and nude people can be used to advertise a product, but only if they are relevant to what is being advertised. Sol Olving, head of Norways Kreativt Forum, an association of the countrys top advertising agencies, explained, You could have a naked person advertising shower gel or a cream, but not a woman in a bikini draped across a car. Sexism in the Workplace Sexism in education is clearly associated with sexism in the workplace. When women are expected to â€Å"stay in the home,† they are unable to access the necessary educational resources to compete with men in the job market. If by chance they are able to secure a position, women may be less prepared educationally for the task, and thus draw lower wages. In recent decades more women have entered the United States workforce. After WWII (from about 1947), about 30 percent of women were employed outside the home; today, at the start of the 21st century, the figure is well over 50 percent. (Some estimates approach 75 percent if â€Å"part-time† jobs are included. Yet women are far from treated equally on the job. Typically, they hold lower-paying, lower-status jobs than men. In fact, women may account for only 25 percent of the upper-level managers in large corporations. And although half of the employees in the largest, most prestigious firms around the United States may be women, perhaps as few as 5 percent or less actually hold senior positions. In general, women are under-represented in the higher-status, higher-paying occupations, such as university teaching, law, engineering, and medicine. In contrast, women are over-represented in the lower-paying occupations, such as public-school teaching, nursing, and secretarial work. In stereotypical female jobs, referred to as  womens ghettos, women are subordinate to the positions of men. For example, executives supervise secretaries who are likely to be women, and lawyers supervise paralegals, who are also likely to be women. Women in the same jobs as men usually earn less, even though these women may have the same or better training, education, and skills. As a general statistic, women make only 60 percent or less than men in comparable positions. Why this disparity? Sociologists speculate that, in some cases, the fact that women often must take time off to have and raise children interrupts their career path. As much as Americans may hate to admit it, women in the United States still bear the primary responsibilities of child-rearing. Conflicting demands may partly explain why married women with children are more likely to leave their jobs than are childless and single women. Also, men are seen as the â€Å"chief bread winners,† so the belief is that they should be paid more than women in order to support their families. Whatever the reason, paying women less than men for equally demanding work is discrimination.

The brain :: essays research papers

Occipital, Frontal, and Temporal Lobes The occipital lobes are the center of our visual perception system. They are not particularly vulnerable to injury because of their location at the back of the brain, although any significant trauma to the brain could produce subtle changes to our visual-perceptual system, such as visual field defects and scotomas. The Peristriate region of the occipital lobe is involved in visuospatial processing, discrimination of movement and color discrimination (Westmoreland et al., 1994). Damage to one side of the occipital lobe causes homonomous loss of vision with exactly the same "field cut" in both eyes. Disorders of the occipital lobe can cause visual hallucinations and illusions. Visual hallucinations (visual images with no external stimuli) can be caused by lesions to the occipital region or temporal lobe seizures. Visual illusions (distorted perceptions) can take the form of objects appearing larger or smaller than they actually are, objects lacking color or objects having abn ormal coloring. Lesions in the parietal-temporal-occipital association area can cause word blindness with writing impairments (alexia and agraphia) (Kandel, Schwartz & Jessell, 1991). Frontal Lobe The Frontal Lobe is responsible for cognition and memory. The prefrontal area gives one the ability to concentrate, judgment and inhibition as well as personality and emotional traits. The premotor area is responsible for storage of voluntary activities and motor patterns. The motor area provides voluntary motor activity. Language is a motor speech. Temporal Lobe Location of the temporal lobe is near the temples just above the ear canal. Functions of the temporal lobe are to: Control hearing; from birth a baby can hear completely. The temporal lobe in the brain is fully developed before the baby is born. Language use; talking is very closely linked to hearing, and since people can hear they react by using language as means of communication. Emotions, especially fear plays a part in this role. Some complex aspects of vision, including the ability to see patterns such as faces. When the temporal lobe is damaged it causes:  · Deficits or limitations in understanding and comprehending spoken words  · May cause a lack of fear if the emotional responses are no longer working (a person seeing a snake may not be afraid because they don’t understand what the object even is)

Forensic Science Section Essay

1. Where is Herculaneum located? What happened to the city? It was an ancient Roman island, near Pompeii. It stood in the shadow of an active volcano, which destroyed the island’s life form. 2. Why is Herculaneum important to archeology today?  It is important because unlike other ancient cities, it was better preserved so they can really study the habitants that live in Herculaneum. 3. What are some of the challenges that archeologists face when examining the city of Herculaneum? Some of the challenges would be that the architecture is very fragile, so it is falling apart very quickly. This causes them to have to be very carefully. Another challenge is that they can’t explore more into the tunnels because there are modern houses built on top. 4. How do you think the archeological investigation of Herculaneum relates to forensic anthropology? In what ways are similar techniques and processes used in both of these situations? I think that it relates because the archeologist are look and dealing with the remains of ancient people. The two still seek to find the remains and causes of death; just really tried to piece together what occurred. 5. What is surprising about the ruins in Herculaneum? How is this different than Pompeii? They never found a lot of remains of the inhabitants. This differ from Pompeii where was hundreds of human remains. 6. How do archeologists know that other people have been to the ruins in Herculaneum before them? What were the people searching for? What dangers did they face? They know others where there because they dug tunnels. The people were raiding Herculaneum for beautiful art. They people faced the danger of being crushed by rocks falling down on them in this fragile building. 7. How did the bodies in Herculaneum differ from those in Pompeii? The Herculaneum bodies were found by the sea, whereas the remains in Pompeii were found there. 8. Do you think it would be interesting to work on a site like Herculaneum to discover what happened? Why or why not? How would this work differ from a traditional crime scene? Yes! It would be so fun to excavate this area out, as well as see how they lived back â€Å"in those days†. It preserved the island well enough that minor details are preserved. Herculaneum would be different from a traditional crime scene because you already know what killed all the people.

African Literature Essay

Despite the ignorance of most so called â€Å"literati† to the domain of African literature, African literature in fact is one of the main currents of world literature, stretching continuously and directly back to ancient history. Achebe did not â€Å"invent† African Literature, because he himself was inundated with it as an African. He simply made more people aware of it. The Beginnings of African Literature The first African literature is circa 2300-2100, when ancient Egyptians begin using burial texts to accompany their dead. These include the first written accounts of creation – the Memphite Declaration of Deities. Not only that, but ‘papyrus’, from which we originate our word for paper, was invented by the Egyptians, and writing flourished. In contrast, Sub-Saharan Africa feature a vibrant and varied oral culture. To take into account written literary culture without considering literary culture is definitely a mistake, because they two interplay heavily with each other. African oral arts are â€Å"art’s for life’s sake† (Mukere) not European â€Å"art’s for art’s sake†, and so may be considered foreign and strange by European readers. However, they provide useful knowledge, historical knowledge, ethical wisdom, and creative stimuli in a direct fashion. Oral culture takes many forms: proverbs and riddles, epic narratives, oration and personal testimony, praise poetry and songs, chants and rituals, stories, legends and folk tales. This is present in the many proverbs told in Things Fall Apart, and the rich cultural emphasis of that book also is typically African. The earliest written Sub-Saharan Literature (1520) is heavily influenced by Islamic literature. The earliest example of this is the anonymous history of the city-state of Kilwa Kisiwani. The first African history, History of the Sudan, is written by Abd al-Rahman al-Sadi in Arabic style. Traveling performers, called griots, kept the oral tradition alive, especially the legends of the Empire of Mali. In 1728 the earliest written Swahili work,Utendi wa Tambuka borrows heavily from Muslim tradition. However, there are little to no Islamic presence in Things Fall Apart. The Period of Colonization With the period of Colonization, African oral traditions and written works came under a serious outside threat. Europeans, justifying themselves with the Christian ethics, tried to destroy the â€Å"pagan† and â€Å"primitive† culture of the Africans, to make them more pliable slaves. However, African Literature survived this concerted attack. In 1789, The Interesting Narrative of the Life of Olaudah Equiano, or Gustava Vassa was the first slave narrative to be published. Kidnapped from Nigeria, this Ibo man wrote his autobiography in Great Britain in English, and like Achebe used his narrative as a platform to attack the injustices of slavery and cultural destruction. Back in Africa, Swahili poetry threw off the dominating influence of Islam and reverted back to native Bantu forms. One exemplar of this was Utendi wa Inkishafi (Soul’s Awakening), a poem detailing the vanity of earthly life. The Europeans, by bringing journalism and government schools to Africa, helped further the development of literature. Local newspapers abounded, and often they featured sections of local African poetry and short stories. While originally these fell close to the European form, slowly they broke away and became more and more African in nature. One of these writers was Oliver Schreiner, whose novel Story of an African Farm (1883) is considered the first African classic analysis of racial and sexual issues. Other notable writers, such as Samuel Mqhayi and Thomas Mofolo begin portraying Africans as complex and human characters. Achebe was highly influenced by these writers in their human portrayal of both sides of colonization. Emerging from Paris in the 1920s and 1930s, the negritude movement established itself as one of the premiere literary movements of its time. It was a French-speaking African search for identity, which ofcourse took them back to their roots in Africa. Africa was made into a metaphorical antipode to Europe, a golden age utopia, and was often represented allegorically as a woman. In a 1967 interview, Cesaire explained: â€Å"We lived in an atmosphere of rejection, and we developed an inferiority complex. † The desire to establish an identity begins with â€Å"a concrete consciousness of what we are–†¦that we are black . . . and have a history. . . [that] there have been beautiful and important black civilizations†¦that its values were values that could still make an important contribution to the world. † Leopold Sedar Senghor, one of the prime thinkers of this movement, eventually became president of the country of Senegal, creating a tradition of African writers becoming active political figures. Achebe was doubtless familiar with the negritude movement, although he preferred to less surrealistic and more realistic writing. In 1948, African literature came to the forefront of the world stage with Alan Paton’s publishing of Cry the Beloved Country. However, this book was a somewhat paternalistic and sentimental portrayal of Africa. Another African writer, Fraz Fanon, also a psychiatrist, becomes famous in 1967 through a powerful analysis of racism from the African viewpoint – Black Skin, White Masks. Camara Laye explored the deep psychological ramification of being African in his masterpiece, The Dark Child (1953), and African satire is popularized by Mongo Beti and Ferdinand Oyono. Respected African literary critic Kofi Awoonor systematically collects and translates into English much of African oral culture and art forms, preserving native African culture. Chinua Achebe then presents this native African culture in his stunning work, Things Fall Apart. This is probably the most read work of African Literature ever written, and provides a level of deep cultural detail rarely found in European literature. Achebe’s psychological insight combined with his stark realism make his novel a classic. Post-Achebe African Literature Achebe simply opened the door for many other African literati to attain international recognition. East Africans produce important autobiographical works, such as Kenyans Josiah Kariuki’s Mau Mau Detainee (1963), and R. Mugo Gatheru’s Child of Two Worlds (1964). African women begin to let their voice be heard. Writers such as Flora Nwapa give the feminine African perspective on colonization and other African issues. Wole Soyinka writes her satire of the conflict between modern Nigeria and its traditional culture in her book The Interpreters (1965). A prolific writer, she later produces famous plays such as Death and The King’s Horseman. Later, in 1986, she is awarded the Nobel Prize in Literature. African Literature gains more and more momentum, and Professor James Ngugi even calls for the abolition of the English Department in the University of Nairobi, to be replaced by a Department of African Literature and Languages. African writers J. M. Coetzee, in his Life and Times of Michael K. written in both Afrikaans and English for his South African audience, confronts in literature the oppressive regime of apartheid. Chinua Achebe helps reunite African Literature as a whole by publishing in 1985 African Short Stories, a collection of African short stories from all over the continent. Another African writer, Naguib Mahfouz, wins the Nobel Prize in literature in 1988. In 1990 African poetry experiences a vital comeback through the work I is a Long-Memoried Woman by Frances Anne Soloman. African Literature is only gaining momentum as time marches onwards.

Coco Cola Essays

Coco Cola Essays Coco Cola Essay Coco Cola Essay It also defined as the organizations or individuals have similar features make the remarkable determination in equines strategy (Fay Jobber, 2012). There are several benefits for make the market segmentation for Coca-Cola Company. It enhances the opportunities of growth and the profitability. The Coca-Cola company introduced a new product Of fruit flavor to increase the consumer groups towards young generation and combined low calorie to meet the healthy population. The market segmentation also improved the customers retention and make communications more effective. The new product give customers more selection and the customers feedback can help the company get more communication with different groups of customer. All the beneficial of market segmentation is for better matching the correct group and satisfied their needs (Stardom, 2004). The new products is mainly towards the carbine soft drinks and making market segmental strategies can expand or change the market orientation, for example, Coca-Cola Company used to produce the cherry flavor soft dinky, however, the new product increase more fruit flavor and decrease the calories contents in it. Therefore, the market position and strategy has change towards young and healthy generation. Market needs The Market needs involves what customers want rather than the competitors ND what the product can benefited for themselves in the market place (Wellington, 2010). The new product of Coca-Cola creates new brand value of this company. The brand value refers to the additional traits or service added to the products to make the new products particular. The new Coca-Cola product creates low calories and various flavors create more consumption groups (Fay Jobber, 2012). The new product towards young generation, who prefer fruit flavor and give them more choice rather than the only cherry in Coca-Cola soft drinks. The new product also contains nearly zero calories to help healthy groups to keep fit. They can use the products as diet drinks. According to the research, 63% of the customers plan to order the Coca-Cola products during the Christmas holiday and 61% of the appointed customers would like to consume the Coca-Cola products in pub (Coca-Cola, 2014). Segmentation potential The marketing potential of a product requires research and marketing processing and lead to a important part of successful business strategy. Through analyzing of market potential can help the company make decision of weather the products needs to invest. So before launching the new market of the new product, the company should do many research of potential rakes in K. According to the research, there are 1. 7 billion of Coca-Cola are sold every day. The picture below shows the contents of caffeine in different drinks, it illustrates the Coca-Cola is not the highest calories soft drinks in many brands. So the customers trends to select the Coca-Cola products and the new product provide more selection of different consumer groups. Analysis of current and potential competitors The Porters five forces describe the five threats for a new product launching the market. The Current competitor corresponds to the rivalry among existing competitors. The Coca-Cola Company has many existing competitors, like Pepsi, red bull. Compared to these companies, the Coca-Cola have many competitive advantages.

Prevailing Themes in Swamp Gravy essays

Prevailing Themes in Swamp Gravy essays South Georgians from different backgrounds, sharing various experiences in life, all have a story to tell. Swamp Gravy portrays these real life stories with a unique staging technique, allowing the audience to be involved and participate during the performance. The play illustrates folk life in the past and celebrates the way things use to be when life was simple. The stories told in Swamp Gravy are derived from local tales and histories of the community that reveal themes about death, family, and relationships. The theme of death was evident in the first act of the play. The main character, Harvey, was only a young child when his mother died a month after giving birth to a baby girl. After his mother's death, Harvey and his five other siblings were separated and labeled as orphans. Harvey had no mother and his father was not a positive figure in Harvey's life. He felt a sense of abandonment, loneliness, and a voidance of love. As the play progressed, a young girl who lost her big brother in a car accident told another story about death. The younger sister admired and looked up to her older brother. She was saddened by the death of her brother, but she held on to the memory of him, as did Harvey remember his mother. Swamp Gravy exemplified the importance of family throughout the play. A large family was common and displayed a sense of unity and love. Harvey's youngest sister was adopted when she was a baby. She always felt emptiness in her heart and often dreamed of someday meeting her biological family. Harvey, also determined to find his baby sister, never gave up hope. During one scene of the play, a family convened in the swamp for a family reunion. Even though the family's cousins were escaped convicts, the family still wanted to inclu ...

Are you a victim of the weekend effect -The JobNetwork

Are you a victim of the weekend effect  -The JobNetwork Does the following scenario sound like an all-too-familiar weekly routine for you? After a long and stressful workweek and Friday approaches- and finally arrives- you feel a palpable, positive shift in your overall sense of mental well-being. Your mood lifts, your outlook on life and the world improves, it’s almost as if you’re a completely new person, just in time for the weekend!And then†¦Sunday hits and you’re faced with the notion of another workweek. Sunday morning may start out fine, but as the day wears on your thoughts turn to Monday, and all of the things waiting for you at work- the tasks, the meetings, the stress. And suddenly, your new outlook on life isn’t so new and improved anymore, and starts to revert to your usual, not-so-positive workweek mode.This might perfectly encapsulate this week for you, or last week, or any other workweek that you can conjure up in your memory. And trust us, if this sounds like you then rest assured that you ’re not alone. There’s even a term for this- the weekend effect- and it’s a common phenomenon afflicting countless workers across industries and jobs. It can have a wide range of negative consequences on your professional and personal life, beyond ruining at least half of your weekend!Are you a victim of the weekend effect? Why does this happen? Is there any way to fight it? Great questions! If you’re eager to learn more and discover some helpful strategies for freeing yourself from the dreaded weekend effect, then keep reading!Causes of the weekend effectOkay, so now we know that lots of people, regardless of where they’re at in their lives or careers, suffer from the weekend effect. But where does it come from? The weekend effect directly stems from how you perceive your current job. All of the elements of your job factor into this equation- your current position in relation to your overall career aspirations, your job role and responsibilities, your physical workspace, your perception of your coworkers and feelings about your boss, even your thoughts about your daily commute enter into the mix.If you’re looking to diagnose yourself to determine if you’re a victim of the weekend effect, first take a careful mental inventory of your thoughts on all of the above job-related items. This only works if you’re completely honest, so make sure you pull no punches while taking stock of your work feelings.You should also check your physiological reactions when thoughts of work enter your mind. Does your pulse quicken and blood pressure rise? Is a headache or slow churning in the pit of your stomach never far off when you start focusing on your work life? Do you feel a surge of negative thoughts and emotions take hold when thinking about your average work day or week?A great way to figure out if you’re the victim of the weekend effect is to take a daily mental inventory across an entire workweek, and look f or trends. Do negative thoughts, feelings, emotions, and physical symptoms worsen at the beginning of the week and gradually ebb as the weekend approaches? Do your friends, family, or colleagues notice concerning trends in your behavior or mood based on the day of the week?Does this pattern seem to repeat itself every week? If so, then you may be caught in a vicious â€Å"weekend effect cycle,† and despite its relatively harmless-sounding name it can have a tangible, measurable, and harmful effect on your life- everything from your work performance and interactions with coworkers to your personal pursuits and relationships outside of work can suffer. Even your physical health isn’t safe from its effects!If you think you’re a victim of the weekend effect, you have every reason to take things seriously and take matters into your own hands in an effort to escape this. Keep reading for some helpful strategies for freeing yourself from this vicious cycle!How to comba t the weekend effectA great strategy for combating the weekend effect is to attack it at its roots. According to a recent report by Psychology Today, the key causes of the weekend effect are a perceived lack of workplace autonomy, a disinterest in work activities, a disconnection from professional responsibilities and relationships, and feelings of a general lack of competency on the job, whether real or imagined.Do any of these sound like you? If so, make a real effort towards positive change in these areas. Overhauling your entire work life all at once may seem daunting, but small, positive steps and incremental change can make a world of difference. Consider the following approaches to help fight the dreaded weekend effect.Focus on the positiveSure, there are things at work that bring out negative feeling and emotions, we all have them, but the key is to try not to let them take over your thoughts completely. Try making a list of things that you feel positive about regarding your current work situation, and set your focus there. It can contain things that are large (like one of your primary work responsibilities) or relatively small (maybe you like the fact that your desk is by a window with a nice view?). Some people find that just being appreciative that they even have a job in a tough job market helps them through stressful times. The list itself doesn’t have to be particularly long, the only criteria is that it contains items that elicit positive feeling and emotions. Once you have your list, make sure to turn to it whenever your thoughts about work start to turn negative, and hopefully you’ll start seeing a shift in how the idea of work makes you feel.Change what you canThis might seem obvious, but so many of us have become so good at putting off making positive change in our lives, and accepting a less positive version of reality, that it really bears mentioning. You know all of the things that make you feel angry, frustrated, and negati ve when it comes to your work world, and the truth is that some of those things aren’t in our immediate power to change (if only we were able to choose our bosses†¦). That said, there are certainly things at work that bother us that we can change, and these are the things you should focus your energy and effort on. We suggest you start small. Decorate your workspace so that it’s more cheerful. Try improving your communication and relationship with at least one colleague each week. Take regular breaks during the day (but don’t overdo it!) in an effort to combat burnout. You’ll soon start seeing a wave of positive work-related feelings wash over you. Then take on larger things, like those work responsibilities that you consistently dread or your interactions with your boss. Remember- every positive step you make involving work, no matter how small, will help keep the weekend effect at bay.Focus on the fundamentalsanother obvious one, perhaps, but many people don’t seem to â€Å"connect the dots† between living a healthy life and having a positive relationship with our jobs. Taking care of the fundamentals- getting plenty of sleep, eating a healthy diet, and engaging in plenty of exercise- will not only improve the quality of our personal lives, it will also help make us happier and more productive employees. Trust us on this one.If all else fails- life is short, and none of us get an unlimited supply of weekends to stress out through. If you just can’t seem to shake the weekend effect, consider making a job or career change. We’re not endorsing anything impulsive, but it couldn’t hurt to start making plans for a future shift- sometimes the simple act of setting a new goal, no matter how far off the finish line is, can bring about a wave of positive feelings to help combat the weekend effect.Say goodbye to the weekend effect!Now that you know what the weekend effect is, and whether or not youâ₠¬â„¢re among its unfortunate victims, you can start working towards eradicating it. Use the strategies mentioned here and take back control of your weekends.

Health & Spa Tourism Essay Example | Topics and Well Written Essays - 1250 words

Health & Spa Tourism - Essay Example Health Spa over the years has proved to be extremely effective in treating disorders. However the health spa tourists are not essentially people with health problems, it also includes people who seek mental peace and tranquility. 2. Identify the reasons for the growth of your example of SIT. Link your discussion to factors such as trends in consumer behaviour and the tourism industry's search for competitive advantage. (3-4 reasons) By the year 2025 it is expected that the health spa tourism industry will become one of the most important and largest industries of the world. This sudden rise in popularity of health spa industry can be explained by analyzing the trends in the consumer behaviour and the tourism industry's search for competitive advantage. Across nations and across races, there has been an increasing awareness for fitness and healthy living. Among everything else today's consumers attach maximum priority to health and this trend is likely remain the same in the times to come. Awareness has struck the masses at a time when greater income and employment opportunities have given them enhanced purchasing power and disposable income. This has also resulted in the emergence of newer and better health care products and services. ... Awareness has struck the masses at a time when greater income and employment opportunities have given them enhanced purchasing power and disposable income. This has also resulted in the emergence of newer and better health care products and services. When discussing trends in consumer behavior and the subsequent rise in the health spa tourism business, mention of today's working environment and sedentary lifestyle is imperative. Today's men and women work under increased stress levels and an lead extremely sedentary life devoid of physical exercise and that leads to increased demand for health and relaxation related products and services. Health awareness among the masses coupled with rise in the pensionable population has made health spa tourism even more attractive. Unlike earlier days, today aged people want to stay fit, remain healthy and enjoy the benefits later in life. http://www.heartofenglandtouristboard.co.uk/uploads/file/Spa%20tourism.pdf Every firm or industry to sustain itself and make it viable in the long run, strives to identify its competitive advantages and thus strategise them to further their business. Similarly health spa tourism provides the tourism industry with the much desired competitive advantage among all the Special Interest Tourisms. Health Spas offer a host of services that leave the customer with excellent experience and craving for more. Spa tourism at the present times focuses more on relaxation and beautification rather than healing and treating diseases. Quality and excellence are two parameters that have helped the health spa industry to retain its competitive advantage over the years. 3. Who has responsibility for providing this particular type of product or service and to whom' Role of entrepreneurs and small

Assess the practical usefulness and the relevance of game theory in Essay - 1

Assess the practical usefulness and the relevance of game theory in light of the demanding assumptions behind the concept of the - Essay Example In addition, today game theory is used in a variety of behavioural relations and is extended to both human as well as non-humans. This theoretical framework first described zero-sum games where an individual’s gains are exactly equal to the net losses of other participant(s). This paper will assess the practical usefulness and the relevance of game theory in light of the demanding assumptions behind the concept of the Nash equilibrium. Game Theory The game theory is based on the fundamental concept of zero-sum games, and a game has elements such as players, actions, information, strategies, outcomes, payoffs, and equilibria. Game theory evaluates strategic interactions where the outcome of a player’s choices greatly depends on the choices of other players. Basically, for a situation to be a game, there should be at least two rational players who consider each other’s choices while framing strategies (QuickMBA). The game theory has two distinct branches namely coo perative and non cooperative game theory. Most of the cooperative games are expressed in the characteristic function whereas extensive and normal forms are used to illustrate non-cooperative games. Games are illustrated using trees (figure 1) under the extensive form and each node or vertex represents the point of choice of players participating (Fudenberg & Tirole, 1991, p. 67). Each rational player is particularly indicated by a number specified by the vertex. The participants’ possible actions are depicted by the lines projecting out of the vertex while bottom of the tree represents the payoffs (Ibid). The authors add that the extensive form can be termed as â€Å"a multi-player generalisations of a decision tree† (Ibid). (Source: Ross, 2012) Under the normal form or strategic form, a matrix representing players, strategies, and payoffs is used for illustration. A major assumption when the normal form is used to indicate a game is that each participant makes choices without actually knowing the choices or actions of others. When players’ actions are known to other participants, generally the extensive form is used to represent the game. The characteristic function form was developed by scholars like John von Neumann and Oskar Morgenstern. The authors claim that when a union C appears, it begins to work against the fraction (N/C) as if two players were participating in a normal game. Nash Equilibrium Nash equilibrium is a complex concept associated with the game theory. As Osborne (1994, p. 9) clearly states, â€Å"Nash equilibrium is a steady state solution concept in which each player’s decision depends on knowledge of the equilibrium†. More precisely, under the Nash equilibrium, it is assumed that each player knows the equilibrium strategies of other participants and no player can gain anything by altering their own strategy. The concept of Nash equilibrium has a wide range of applications in connection with the game the ory. Game theorists widely use this solution concept to interpret the outcomes realised from several decision makers’ strategic interactions. It greatly assists analysts to predict what would happen if several players are forming decisions simultaneously and if the outcome depends on others’ decisions. Nash equilibrium is potential to analyse unpleasant situations like arms

Multi-family Affordable Housing Developments Research Paper

Multi-family Affordable Housing Developments - Research Paper Example Before analyzing several studies that indicate these findings, it is important to take a look at the background of the problem. At the dawn of the twenty-first century, the United States was in an era of previously unknown prosperity. Per capita income, stock prices and unemployment rates were at their best levels in the country's history; however, there was not enough affordable housing for those sectors of the population that needed it. Victoria Basolo wrote, â€Å"Because of cuts in federal spending on housing, paired with spiking home values in major cities due to the period of prosperity, those at the poorest end of the spectrum began to suffer† (445). Prices for rent soared; certainly, the poorest suffered the most as leases came up for renewal, which altogether led to a major housing affordability crisis (Basolo 451). According to Ma Thi Nguyen, â€Å"[a]stounding numbers of extremely low- and very-low-income households having 'severe housing problems'...spurred a plea to the building community to look beyond making a profit† (Ma Thi Nguyen 16). Another factor in this crisis was the opposition that began to build in communities throughout the nation toward the construction of new affordable housing units. ... What this meant that people who needed affordable housing were not able to find the shelter they deserved, even though they were willing to work hard and contribute to the economy. Before going into detail on some of the studies, it is worth taking the time to discuss the meaning of the term â€Å"affordable housing.† This can have many different connotations, but when it comes up in the context of the decline of property values and the â€Å"NIMBY† issue, the aesthetic considerations of the unit, or the physical structure, come into question. For those who oppose affordable housing, they think of it as a separate form of living space. However, within the academic community, when the term â€Å"affordable housing† comes up, it has much more to do with the ability of people to afford to live in that house. According to HUD, housing is affordable if a household does not have to pay more than 30 percent of yearly income to live there. This term has some fluidity, th ough, as there are people at many different points on the socioeconomic spectrum who pay more than 30 percent of their income for rent or mortgage payment, and so there must be some combination between that 30 percent line and having a low income. Several different types of studies have looked at this issue. The earliest studies that analyzed the effect of affordable housing on property values utilized a test versus control area methodology, and took place in the late 1980s. This paradigm involves finding neighborhoods that have units of affordable housing and comparing them with neighborhoods that are similar in terms of a number of characteristics but do not have affordable housing units. The relative property values are calculated to determine

Assignment Essay Example | Topics and Well Written Essays - 500 words - 97

Assignment - Essay Example The website offered self-evaluation platform where I filled my thoughts on different issues. At the end of the trial, I realized I was strong in my vision but inferior in courage. My assessment outcomes were as follows. Vision 4.3, Ethics 3.9, Reality 3.5, Courage 3.2. The grading is on a scale of, five as the most developed and one the least developed leadership trait. According to the outcome, I am focused, understanding and intellectually creative towards meeting my goals. I am confident about new experiences and welcome change. The worst paper part is that I fear responsibility and consequences for my choices. The result of the assessments has made revolutionary changes in the way I perceive things. I for once never thought I was such a visionary person. I believe in the common good of all but never thought it was such strong. The realization that I am a person bestowed with a visionary mind has made me feel so good about myself. I fell I can become a leader and guide people, according to my vision. I feel superior when I see my high points being visionary since all great personalities I have read about in history were people of great ideas. However, my downside is weightier than my strength. How am I going to become a leader if I fear responsibility? Leadership is all about responsibility. If I have to lead, I will take the responsibility of others and shoulder them as they were my own, yet I am not strong enough. Lack of courage chills me and makes me feel belittled. I am having difficulties between advocating my vision and fighting my courage. I have a strong urge to achieve, but I fea r failure. When I look at my closest strength Ethics, I relate it to the vision and see a great leader. Leadership based on ethics is more beautiful than fairy tales. Ethics is the guiding principles of leadership (Bondas, 2006). Without ethics, one is subject to become a dictator or insensitive of others feelings. My personal values have saved me uncountable

Writing for the English Major Posting 8 Essay Example | Topics and Well Written Essays - 250 words

Writing for the English Major Posting 8 - Essay Example The other idea that might be explored with regards to this topic is about the real existence of Jesus. It is worth researching on the reality of seeing the â€Å"light† and something happening inside a person when he meets Jesus. Another idea that might be explored is the honesty of the people in the Church who swear that they see, feel and hear Jesus. Whether they really experience this is something questionable. It is very possible that the others too are like Westley who just pretended to have the â€Å"experience† just to get it over with. I believe that salvation is a unique experience for every individual. It need not necessarily happen inside the Church where a lot of people are watching and waiting for the time when one exclaims that he has finally been saved. Salvation is not something which should be displayed in public. It is an experience between you and your God; otherwise, one might just act it up to impress all the people

Zapatista Social Netwar Research Paper Example | Topics and Well Written Essays - 1250 words

Zapatista Social Netwar - Research Paper Example II. Introduction – background   The insurgency that was initiated in Chiapas, Mexico can be said to different from its old Sandinista-Castroite-Marxist-Leninist rebellion due to the transformation of its engagement from the traditional arm confrontation to the information-technology driven perspective of bringing societal change. It can also be said that this marked the era of post communism revolution that was also used as a revolutionary template in the recent uprisings in the Middle East (Armond, _____). This recent phenomena of using technology, media and NGOs in insurgency can be traced back to the Zapatista National Liberation Army (EZLN) in Mexico in the early 1990s. Chiapas, once an isolated backwater on Mexico’s southern border became the birthplace of the new template in insurgency due to the political and economic factors that made the new type of insurgency ripe. The disparity between the rich and the poor was pervasive which is typical of a feudal state, coupled with the presence of transnational NGOs and discontented indigenas (local indigenous people) who wanted better economic condition and cultural recognition set the stage for the rise of Zapatista National Liberation Army (EZLN). III. ... This proved to be tactically disastrous for EZLN who was less than capable to engage in conflict than the Mexican government. This â€Å"war of the fleas† model of warfare was transformed when the transnational NGOs came and changed the methods of the insurgency from the traditional armed conflict engagement to an informational warfare which is dubbed as Netwar. Should NTS "watch, fear, or be leery" of social movement networks? Its impact on NTS business. Based on the nature, characteristic and manifested action of the players of the insurgency, NTS should be leery of the social movement network. The appropriate behavior would be to be careful but not to be fearful to disengage in business. Being fearful of the social movement network or adopting the plain watch and see attitude will not benefit NTS in the immediate or in the long-term. This assessment is grounded on several reasons. First, the nature, leadership and manifested action of EZLN’s both as an organization a nd a political body is not the Marxist-Lenninist type that disdains business and foreign company. Its leadership was also composed of intellectuals and educated middle class and not the Jihadist type that has penchant to extremism. In short, EZLN’s leadership is reasonable for a business such as NTS to operate and thrive. Second, there is a strong presence of transnational NGOs composed of Mexicans, Americans and Canadian players that provide the Zapatista movement an information age perspective and reassuringly pro-business. Basically, this second component reinforces the political assessment that EZTN is reasonable for it readily shifted its engagement from

Writing for the English Major Posting 8 Essay Example | Topics and Well Written Essays - 250 words

Writing for the English Major Posting 8 - Essay Example The other idea that might be explored with regards to this topic is about the real existence of Jesus. It is worth researching on the reality of seeing the â€Å"light† and something happening inside a person when he meets Jesus. Another idea that might be explored is the honesty of the people in the Church who swear that they see, feel and hear Jesus. Whether they really experience this is something questionable. It is very possible that the others too are like Westley who just pretended to have the â€Å"experience† just to get it over with. I believe that salvation is a unique experience for every individual. It need not necessarily happen inside the Church where a lot of people are watching and waiting for the time when one exclaims that he has finally been saved. Salvation is not something which should be displayed in public. It is an experience between you and your God; otherwise, one might just act it up to impress all the people

Flow Measurement Using Venturi Meter Lab Report

Flow Measurement Using Venturi Meter - Lab Report Example All these were ascertained through the aspect of making appropriate records as per the experimental results and the actual measurements of the prevailing pressure level. The discharge co-efficient was then determined using the graph’s gradient. The major concept that is dealt with in this entire report is the aspect of the fluid’s flow rate in pipes. The flow rate often tends to vary due to variations in the volume and the cross-sectional area of the pipes. Generally, it dwells on the aspect of inflow and outflow which should remain constant. Generally, flow measurement refers to the aspect of fluid movement quantification within a given medium. There are a variety of ways for measurement of the flow rate movements. Positive-displacement types of flow meters tend to accumulate a predetermined fluid volume while counting the sequence in which the volume is entirely filled so as to adequately measure the flow (ALLEN & DITSWORTH, 1972).Other measurement methods with regards to the flow rates often rely on the forces that are duly produced by the entire flow while overcoming a specific constriction. Flow might be measured through the measurement of the fluid’s velocity over a given area. A Venturi meter refers to a type of a flow meter with a definite design. It generally has a 10˚ divergent segment and a 21˚ convergent segment. The fluid flow rate in a given pipe can be determined by application of both the continuity and Bernoulli’s equation, alongside the inner streamline edge between the throat and the mouth of the entire Venturi meter while recording the variations with regards to the static pressure (MERZKIRCH, 2005). As a main instrument that is usually used for determination of the volumetric flow rates, Venturi meter tends to constrict the entire flow in a specific manner, and the pressure sensors are usually utilized during the

Irony Essay Example for Free

Irony Essay Both â€Å"The Necklace† and â€Å"The Gift of the Magi† have plots that depend in large measure on the use of situational irony to create a surprise ending. â€Å"The Necklace† tells the story of Madame Mathilde Loise, a lowly clerk’s wife, who, in an effort to appear more debonaire than she is, borrows expensive jewels from Madame Jeanne Forestier, a wealthy friend. After the inevitable loss of the jewels, Madame Loisel and her husband secretly replace the jewels. Years later, Madame Loise, now impoverished, encounters Madame Forestier on the streets of Paris and admits to the secret. Madame Forestier, shocked by the change in Loise, explains that the necklace was merely costume jewelry. The situational irony that both the reader and Madame Loise experience simultaneously is the twist, the unexpected turn of events that is both a perfect example of irony and the very element that makes the plot so original and memorable. Similarly, â€Å"The Gift of the Magi† employs irony to provide the unexpected ending. A young couple, barely able to feed and house themselves, sells their most valuable possessions to buy presents for each other. In an ironic catch typical of O’Henry, Della sells her hair to buy a watch fob for Jim, her husband. Jim, in turn has secretly sold his watch to buy the tortoise-shell combs Della dreamed of running through her long, dark hair. The story makes use of both dramatic irony and situational irony to create the literally-doubly ironic ending: both â€Å"sacrifice for each other the greatest treasures of their house. †

Encouraging our Children to Read :: Reading Education, early education, elementary

Reading is widely labeled as a very important factor to reach fruition in education. The rising question is whether we should encourage our children to read whatever appeals to them. Personally, I firmly believe the good impact of reading to the children’s taste. To begin with, reading whatever they like help children feel more relaxed, fascinated and much more confident with reading - a most educated form of entertainments that is dying with the prevalence of other new mass media such as cable televisions, internets and so on. Reading has been proved to be very useful for children’s good performance at school and especially their life later as throughout the process of active reading their mother tongue language capacity in general is much more improved especially the communicative skills and social interaction manner. Secondly, if the children are encouraged to read whatever appeals to them, they are self motivated to read much more. Consequently, the more they read, the more they can widen their own knowledge about the world around them in an easy way and then the more perfect their personalities can be. For example, with children who spend lots of time reading interesting fairy tales, fables or history legends the moral lessons can be instilled naturally into their minds and will be remembered much longer as they are not as dry and dull as sentences like you should do this or you are not allowed to do that uttered by their parents day by day. Furthermore, being read to their likings can arouse the children’s sense of aspiration and exploration. The children’s imagination and creativity is lifted to a higher level as some children take their time reading exciting non-fiction books, detective stories or colorful cartoons. More tellingly, in this way both emotional thinking and logical thinking of the children are intensely provoked. And maybe in the future they will be excellent painters, imaginative writers or radical journalists. However, it is argued that if the children are free to choose what they read satisfying their curiosity it will be very dangerous. That is to say, children are obviously allowed or encouraged to approach bad source of information such as violence, sex and so on. Admittedly, by nature children are likely to be absorbed and imitated by things that are strange and attractive to them.

Free Macbeth Essays - Are things as they seem? :: Macbeth essays

Are things as they seem? All things have an appearance, usually a good or a bad one. Depending on the appearance something has we form an opinion about it. Sometimes the appearance something has can mislead one in forming an accurate opinion about it. In Macbeth, Shakespeare shows us that things are not always as they appear to be. This is shown through the duplicity of Macbeth and his wife, the kings sons and the servants being blamed for Duncan's death and King Duncan's inaccurate opinions. In the beginning of the play Macbeth is a well respected hero who appears to be a great guy. However, by the end of the play it is clear that Macbeth is a selfish, troubled man with a conscience that seems to serve no purpose. In lines 81-82 on page 240, Macbeth tells how he must mislead the world and hide his dark side from it. "Away, and mock the time with fairest show: False face must hide what the false heart doth know." On page 249 Macbeth does a good job of hiding his dark side before finding the dead king with Macduff. "Is the king stirring, worthy Thane?" asks Macduff. "Not yet," replies Macbeth. "Goes the king hence today?" asks Macduff. "He does: he did appoint so," answers Macbeth. Although Macbeth has full knowledge of the king's death, he plays it off well and appears to know nothing. Lady Macbeth appears to be a nice hospitable woman. However, her heart is dark and full of evil. On page 236, the king talks to Lady Macbeth, telling her of the honor and love that he has for her. "See, see, our honored hostess! The love that follows us sometime is our trouble, which still we thank as love. Herein I teach you How you shall bid God 'ield us for your pains And thank us for your trouble." His opinion of Lady Macbeth highly exceeds that of which it should. He has such a high opinion of Lady Macbeth because he is mislead by her good appearance. It is ironic that Duncan thinks so highly of Macbeth and his wife, as on page 232 when he says "There's no art To find the mind's construction in the face:" This is ironic because it directly applies to the king and Macbeth. (The king does not know Macbeth's true mind construction.

Ministers of Irish Education Essay

1. Since the foundation of the Irish Free State (1922) to the present day there have been 37 different ministers for education. Identify at least 4 of those ministers for education which you consider most significant. Critically evaluate the contribution they played in reforming the Irish Education Landscape. (50Marks) Today I will looked at 4 Irish Ministers of Education; John O’Sulllivan, Thomas Derrig, Donagh O’Malley and Ruairi Quinn and portray how I believe they contributed (and are contributing) hugely to the reform the Irish Education Landscape: 1. John M. O’Sullivan (Jan. 1926 – Mar. 1932) O’Sullivan was appointed to the Cabinet in 1926, serving under W. T. Cosgrave as Minister for Education. In 1926 a report from the Second National Programme Conference was presented to him as the Minister for Education. He accepted all proposals stated in the report to be recommended as a national curriculum. In 1926, he made Irish obligatory for registration as a Secondary School teacher & for ‘recognised’ (funded) schools. In 1926 under O’Sullivan, the School Attendance Act came into existence. It made it obligatory for all children between the age of 6 and 14 would attend school. O’Sullivan is also responsible for: Establishing the Commission on Technical Education in 1927 Setting up the Preparatory Colleges to train primary teachers in 1927 Introducing the Primary Certificate in 1929 As it became clear that many could not access suitable second level education discussions began on creating a continuation course to provide general education in a vocational style. The Vocational Education Act, 1930 was implemented by O’Sullivan. It reformed the technical education branch of the Department of Education and local Technical Education Boards. It introduced vocational schools, a new type of school with a greater emphasis on trade and commerce in courses. These courses were broken into continuation courses and traditional technical education courses. There were those who considered the system revolutionary and there were warnings of danger to faith and morals which could arise in the new multi denominational and co-educational schools to be provided. This was the state’s first attempt to take an active hand in establishing schools outside the power of the Roman Catholic Church. The Vocational Education Act was thee major ministerial achievement of the Minister. The act provided an avenue for a new approach to post primary education and to the introduction of the concept of education as a lifelong process. Here then was a new system which set out to educate through the medium of subjects themselves directly related to the world of work. It was not easily accepted. Education was regarded as the pursuit of abstract learning and the status of the educated person was almost in direct ratio to his/her inability to work with his/her hands. Even in today’s society, there is a still some stigmatism attached to attending a VEC school. However in reality such schools contribute so much to today’s society and as such Today we have 213 VEC second level schools and many further education, youthreach, traveller and prison education centres – a testament to O’Sullivan’s rein. 2. Thomas Derrig (Mar. 1932 – Sep. 1939) At the June 1927 general election he was elected to Dail Eireann as a Fianna Fail TD for Carlow–Kilkenny. In Eamon de Valera’s first government in 1932 Derrig was appointed Minister for Education. Derrig has been influential in cultivating of our education system – but not in a positive way: Derrig initiated a review of industrial and reformatory schools and the rules under the Children Act 1908, resulting in the critical 1936 Cussen Report, which he shelved. His lack of action was noted in 2009 when the Ryan Report examined the subsequent management of these â€Å"residential institutions†; Derrig was the first minister to seek a report that could have resulted in much-needed reforms. A call for public inquiry into industrial schools was rejected by Minister of Education. Thomas Derrig because â€Å"it would serve no useful purpose†. It has been suggested that he did not want to follow British law reforms in the 1920s and 1930s because of his strong anti-British views, and that Irish children had suffered needlessly as a result. Under Derrig’s rein, he not only effect teacher salaries, but also banned married female teachers from working. According to Diarmaid Ferriter (2004) in his book The Transformation of Ireland 1900 – 2000, the marriage ban imposed on female primary teachers from 1934 to 1958 seemed to attract little public comment, despite the fact that many untrained single teachers were replacing trained married female teachers. The INTO was not vocal in objecting on the basis of gender equality, and whatever opposition existed in the union was overshadowed by its campaigns on wage levels. This was a sign of the times in my opinion, where women had very little power or voice. It is probably only in the past few decades that this move to ban female teachers has really been viewed as scandalous and backwards. While the rest of Europe moved forward with education reform after World War Two, Derrig resisted such reviews. Derrig’s narrow mindedness cost us – academically and for so many young innocent children –physically and emotionally. 3. Donogh O’Malley (July 1966 – Mar. 1968) Following Fianna Fail’s return to government following the 1965 general election O’Malley joined the cabinet as Minister for Health. He spent just over one year in this position before he was appointed Minister for Education, a position where he will be forever remembered for his dynamism as a minister. Having succeeded another dynamic young minister, Patrick Hillary, O’Malley acted swiftly to introduce the recommendations that were made in an official report regarding education. Shortly after he was appointed he announced that from 1969 all schools up to Intermediate Certificate level would be free and that free buses would bring students from rural area to the nearest school. O’Malley seems to have made this decision himself without consulting other ministers, however, he did discuss it with Lemass. Jack Lynch, who as Minister for Finance had to find the money to pay for it, was certainly not consulted and was dismayed at the announcement. In spite of this O’Malley’s proposals were hugely popular with the public and it was impossible for the government to go back on its word. As minister O’Malley also extended the school transport scheme and commissioned the building of new non-denominational comprehensive and community schools in areas where they were lacking. He also introduced Regional Technical Colleges (RTCs), now called Institutes of Technology, in areas where there was no third level college in proximity. The best example of this successful policy is Limerick, now a university, where O’Malley is credited with taking the steps to ensure the university came into existence. His plan to merge Trinity College, Dublin and University College Dublin aroused huge controversy and was not successful, despite being supported by his cabinet colleague Brian Lenihan. Access to third level education was also extended as the old scholarship system was replaced by a system of means-tested grants which gave easier access to less well-off students. Because of O’Malley, the working class and middle class of Ireland are far better. Four decades on from the 1960s and we have a 4 fold increase in retention rates, with 82% retention of students to Leaving Cert. However I argue the validity of the grants system that he hoped put in place. As Niamh Bhreathnach commented in the Irish Independent in September 2002, O’Malley would be turning in his grave if he knew how the grants system was been exploited at that time. As the students of Ireland fight to hold onto the grants system as we know it, I personally feel it’s a pity that O’Malley didn’t introduce a student loan system like England’s system. It certainly would cost the Irish Taxpayer less. 4. Ruairi Quinn (2011 – Present) Whilst still in office, I believe that R. Quinn has and will continue to significantly contribute in the reforming the Irish Education Landscape. Within one year, Ruairi Quinn has shown how an energetic Minister can drive the education agenda and push for change. In April 2012 the report on The Forum on Patronage and Pluralism was published. In the Primary Sector, The fact that 96% of primary schools in Ireland are under denominational patronage is unique among developed countries. The group has advised that the first phase in divesting schools should involve 258 schools in 18 dioceses across 47 areas. How the Minister will carry out this task remains to be seen. However he is determined to carry this out and I believe as such it will be one of the most significant changes in our educational landscape since O’Malley’s introduction of free schooling. The 8 subject Junior Certificate currently being introduced by Quinn will change the landscape of learning for our students. I hope that with this introduction, I can as a teacher continue to use active learning activities in the classroom and concentrate on lifelong learning rather than the system of rote learning that exists at the minute. The minister also announced in May 2012 that Chinese will become a subject in the Leaving Certificate and he also announced an optional short course on Chinese language and culture which will be made available as part of the new Junior Cert cycle programme from 2014. As Quinn’s ministry continues to push on with the ideology of a 2 year teaching course, I am glad I am completing this course in 2012 and not in 2014. While I understand the ideology of this move, I do not believe it will improve teaching standards in Ireland. I believe that scholar students (regardless of their vocation) will look at the time it takes to become a teacher and the monetary rewards of it (which unfortunately is on the decrease) and the fact they could have for instance a medical degree in the same amount of time with brighter economic aspirations. It is my sincere hope that such visions do not come through. Today I have looked at 4 Irish Ministers of Education; John O’Sulllivan, Thomas Derrig, Donagh O’Malley and Ruairi Quinn and I truly believe they contributed (and are contributing) hugely to the reform the Irish Education Landscape.

Difference Between General Law and Special Law

Legal Notes Conflict between special and general law By Judge Gabriel T. Ingles Cebu Daily News First Posted 11:59:00 10/12/2007 Filed Under: Laws Reprint this articleSend as an e-mailPost a commentRelated ArticlesPelaez gets court reliefEsperon dares coup plotters: Tell truth in courtCalifornia bans smoking in cars with child passengers Also in this sectionGestaltwerte pa si PB Member TebanPartnership for better infrastructureWorthy TanodbayanJoavan’s comeuppanceBulls are backWhen deeds speakIn need of creativityHealing the waterLimiting, not eliminating fatNo idling ordinance a must Advertisement Vinzons-Chato vs. Fortune Tobacco Corporation, G. R. No. 141309, June 19, 2007 – A general statute is one which embraces a class of subjects or places and does not omit any subject or place naturally belonging to such class. A special statute, as the term is generally understood, is one which relates to particular persons or things of a class or to a particular portion or section of the state only. A general law and a special law on the same subject are statutes in pari materia and should, accordingly, be read together and harmonized, if possible, with a view to giving effect to both.The rule is that where there are two acts, one of which is special and particular and the other general which, if standing alone, would include the same matter and thus conflict with the special act, the special law must prevail since it evinces the legislative intent more clearly than that of a general statute and must not be taken as intended to affect the more particular and specific provisions of the earlier act, unless it is absolutely necessary so to construe it in order to give its words any meaning at all. The circumstance that the special law is passed before or after the general act does not change the principle.Where the special law is later, it will be regarded as an exception to, or a qualification of, the prior general act; and where the general act is later, the special statute will be construed as remaining an exception to its terms, unless repealed expressly or by necessary implicati on. 22 Thus, in City of Manila v. Teotico, the Court held that Article 2189 of the Civil Code which holds provinces, cities, and municipalities civilly liable for death or injuries by reason of defective conditions of roads and other public works, is a special provision and should prevail over Section 4 of Republic Act No. 09, the Charter of Manila, in determining the liability for defective street conditions. Under said Charter, the city shall not be held for damages or injuries arising from the failure of the local officials to enforce the provision of the charter, law, or ordinance, or from negligence while enforcing or attempting to enforce the same. As explained by the Court: Manila maintains that the former provision should prevail over the latter, because Republic Act 409 is a special law, intended exclusively for the City of Manila, whereas the Civil Code is a general law, applicable to the entire Philippines.The Court of Appeals, however, applied the Civil Code, and, we thi nk, correctly. It is true that, insofar as its territorial application is concerned, Republic Act No. 409 is a special law and the Civil Code a general legislation; but, as regards the subject matter of the provisions above quoted, Section 4 of Republic Act 409 establishes a general rule regulating the liability of the City of Manila for ? damages or injury to persons or property arising from the failure of? city officers ? to enforce the provisions of? said Act ? or any other law or ordinance, or from negligence? of the city ?Mayor, Municipal Board, or other officers while enforcing or attempting to enforce said provisions.? Upon the other hand, Article 2189 of the Civil Code constitutes a particular prescription making ? provinces, cities and municipalities . . . liable for damages for the death of, or injury suffered by, any person by reason? ? specifically ? ?of the defective condition of roads, streets, bridges, public buildings, and other public works under their control or su pervision.? In other words, said section 4 refers to liability arising from negligence, in general, regardless of the object thereof, whereas Article 2189 governs liability due to ? efective streets,? in particular. Since the present action is based upon the alleged defective condition of a road, said Article 2189 is decisive thereon. In the case of Bagatsing v. Ramirez, the issue was which law should govern the publication of a tax ordinance, the City Charter of Manila, a special act which treats ordinances in general and which requires their publication before enactment and after 23 approval, or the Tax Code, a general law, which deals in particular with ? ordinances levying or imposing taxes, fees or other charges,? nd which demands publication only after approval. In holding that it is the Tax Code which should prevail, the Court elucidated that: There is no question that the Revised Charter of the City of Manila is a special act since it relates only to the City of Manila, wher eas the Local Tax Code is a general law because it applies universally to all local governments. Blackstone defines general law as a universal rule affecting the entire community and special law as one relating to particular persons or things of a class.And the rule commonly said is that a prior special law is not ordinarily repealed by a subsequent general law. The fact that one is special and the other general creates a presumption that the special is to be considered as remaining an exception of the general, one as a general law of the land, the other as the law of a particular case. However, the rule readily yields to a situation where the special statute refers to a subject in general, which the general statute treats in particular. Th[is] exactly is the circumstance obtaining in the case at bar.Section 17 of the Revised Charter of the City of Manila speaks of ? ordinance? in general, i. e. , irrespective of the nature and scope thereof, whereas, Section 43 of the Local Tax Cod e relates to ? ordinances levying or imposing taxes, fees or other charges? in particular. In regard, therefore, to ordinances in general, the Revised Charter of the City of Manila is doubtless dominant, but, that dominant force loses its continuity when it approaches the realm of ? ordinances levying or imposing taxes, fees or other charges? in particular. There, the Local Tax Code controls.Here, as always, a general provision must give way to a particular provision. Conflict Between Special and General Law Category: Persons and Family Relations Conflict Between Special and General Law What are the rules when a conflict arises between a special and a general law? 1. If the general law was enacted first, the special law is considered the exception to the general law. Therefore the general law remains a good law, and there is no repeal (Lichauco v. Apostol, 44 Phil 138), except insofar as the exception or special law is concerned.However if there are inconsistencies with the general law it is considered as a repeal to the general law. 2. If the special law was enacted first, both special law and general law are good laws unless: a. There is an express declaration to tho contrary. b. Or the is a clear , necessary and unreconcilable conflict (Cia General v. Coll. of Customs, 46 Phil. Cool c. Or unless the subsequent general law covers the whole subject and is clearly intended to replace the special law on the matter. (Joaquin v. Navarro, 81 Phil. 373)

Rich vs. Poor

? A man’s economic status is based solely on his wealth and his material possessions, or lack thereof to define him as being â€Å"rich† or â€Å"poor. † Similarly, these two words, â€Å"rich† or â€Å"poor,† should also describe a man’s character. Rich is characterized as having a lot of money or possessions: valuable, meaningful, or significant. Poor is characterized as deficient in amount or indicating poverty. Yet, when we look at a man or woman, do we judge them by their wealth or by the â€Å"richness† or â€Å"poorness† in their character? Through observations of the rich, a man or woman who has obtained richness often times are lacking in character traits that makes up a good man or women. For example, Donald Trump as a billionaire is shrewd in making money and his personality is one of hostility. We all are familiar with his famous two words,† You’re fired! † Donald Trump, although rich as a child, n ever grasps the fundamental character traits of kindness, gentleness and peace. We can come to this conclusion based on the number of times he was married.This shows the lack of character Donald Trump has because a marriage should be a long term commitment, and it was easy for him to give up on many of his marriages for the next pretty woman who came by in his life. I believe that most people, like Donald Trump, who are rich in material possessions, typically are â€Å"poor† in character. They tend to be very aggressive toward others, not taking into consideration the feelings of others. Most rich people remind me of Ebenezer Scrooge, an unpopular, grumpy, elderly British male human. He was a banker and a usurious moneylender.He worked at a counting house. He was disgusted by the poor and praised workhouses. And he hated Christmas! The point here is, during the night before Christmas, Scrooge was visited by four spirits, who showed him that he hadn't always been so miserable, that he should love Christmas, and that his actions have massive consequences, and if he didn't change his ways, it would be all the worse for him! Many rich people carry a similar attitude of superiority and that there is no need to demonstrate acts of kindness to anyone that is financially below them. Consequently, a man who is â€Å"poor† in material possessions many times is â€Å"rich† in character, which is spiritually defined as the nine fruits of the spirit: love, joy, peace, longsuffering, kindness, goodness, faithfulness, and self-control. Having friends and family members who grew up poor and who worked hard to survive to obtain material possessions, their character was strengthened or made â€Å"rich† as a result of it. They had to do the jobs that many rich people would never do, such as being a maid, construction worker, janitor and many more domestic type jobs.Although they differ in terms of definition, being â€Å"rich† and being â€Å" poor† in character can be one of the same as â€Å"poor† in spirit or humble. For example, my great grandmother was an Indian who was very poor, but you never would have known it because she was humble, kind, loving and a peaceful woman who always shared everything she had. ? Without a doubt, those who are â€Å"rich† and those that are â€Å"poor,† in terms of material possession, share a similarity: the desire to be rich or richer. No one really wants to be â€Å"poor. Those who are rich are rich through inheritance or have mastered the know-how to become rich. Such as Prince Williams, who obtained his wealth from his mother and father, Princess Diana and Prince Charles of Whales. Those who are poor have lived in poverty, for the most part, all of their lives. Many of them have not mastered the know-how to obtain riches. This is evident from looking at the statistics in the inner cities and in very rural areas. Regardless of their economic status, howev er, one desires to be rich and the other desires to be richer.The poor would like to live a stress free lifestyle without worrying if there will be food on the table, and the rich want to obtain their fortunes as well as continuing to have their success grow. ?In terms of how the rich communicate with others, the rich typically show confidence and are normally very secured individuals. The rich communication skills have embellished their ability to obtain wealth and to succeed at many other aspects in their life. The Rich, like Donald Trump have many people looking up to them. So it’s almost a responsibility to show no fear and to take charge in everything they do.If Donald Trump were to show lack of Confidence many people would not respect him or believe he had the skills to succeed as a multi billionaire. ?On the other hand, in terms of how the poor communicate with others they generally lack confidence and many times they are very insecure. The poor’s communication skills are generally slang, bad grammar, or rap which decreases their ability to communicate effectively. My cousin Brittney, who grew up in North Philadelphia, was surrounded in bad neighborhoods, run down schools, and no one to look up to.When her mother finally decided to get her out of the area it was very difficult for my cousin to adapt to a better lifestyle. Brittney was use to the ghetto lifestyle that she thought it was the norm. When Brittney’s mother enrolled her into a public school in Fairfax it was a challenging scene for Brittney. She didn’t know how to interact with the other children because her dialect was nothing like theirs and she was not secure with who she was. Therefore she lost all hope and confidence.There are several ways to work on ones confidence but they have to be willing to work on them. ?Being â€Å"rich† or being â€Å"poor,† as Webster Dictionary defines it, does not determine a man’s richness or poorness in his o r her character but defines it as his economic status. Therefore, regardless of your material possessions, we should all strive to achieve the nine fruits of the spirit. Then we can honestly say that we are rich and/or poor. It’s up to us to follow acts of kindness, whether we are â€Å"rich† or â€Å"poor,† if we want to achieve a better quality of life.

Social Theory Essay Example | Topics and Well Written Essays - 3000 words

Social Theory - Essay Example 66). Marx argues that there is a relation between ideas and material activity in society. The different ways of production thus determines relations. For example, in modern capitalist societies such as Britain, labour is valued and is exchanged voluntarily with wages so as to earn a living because the society is based on exchange of commodities and labour. All labour that is not used for producing commodities for exchange such as housework is valueless and is not accounted for in national income calculations as it does not add any value. The manner of production also divides the society into classes with one class being dominant and the other subordinate. In a society based on exchange, the bourgeoisie or capitalist is the owner of means of production hence is dominant and the wage labourer is subordinate. Contrary to Hegel’s perception that ideas were the forces in history, Marx argues that ‘ideas and beliefs symbolize our economic and class relations and experiences we have with others in society’ (Morrison, 2006 p. 66). He also acknowledges that the political economy develops in stages through historical events. In the critique of the political economy, they explained how economy moved from feudalism to capitalism as a result of English civil war which dismantled it thus putting land under private ownership. Serfs were separated from means of production hence were forced to offer their labour to owners of the means of production (Gaunt, 2000).Using the labour, the capitalists transform raw materials into finished products with own forces of production and become owners of the products. Labour in this case is transformed from its use-value into a commodity and become labour power which has an exchange value. They criticized the work of Adam Smith and Ricardo who were advocates of capitalism and were of the view that capitalist society is governed by fixed economic laws and that value was inherent in commodities. For Marx, consumption and p roduction were related contrary to Smiths assertion that they were independent. He also saw commodities as not having value as they had two uses; consumption and exchange in the market. If a commodity is not for use as in feudal society, then value is obtained when it is exchanged in the market thus the labourers lose ability to freely employ means of production and have no control of the product (Morrison, 2006). The system of exchange thus determines the relations of production in capitalist societies. The exchange of labour according to Marx is a historically developed system of division of labour from family labour which only had use value to capitalism where labour power is exchanged for wages and that in future, labour would be free where one would work according to his needs. In Britain, the products produced by wage labourers are exchanged in the market and so as to measure value, the monetary system was introduced such that price actualizes the exchange-value instead of exc hanging goods with other goods or with gold. However, prices are affected by other factors involved in the activity of exchange such as input prices. Marx acknowledges that wage labour is a form of exploitation (Marx & Engel, 2002). Wage labourers produce surplus value which Marx defined as the proportion of unpaid, surplus labour workers perform for their employer to the necessary labour workers pe