Thursday, September 3, 2020
Concussions In the NFL
Blackouts in the NFL have gotten substantially more pervasive, and the impacts of these blackouts seem to have gotten increasingly extreme, as this is an immediate aftereffect of the improvement of player preparing frameworks. Over the previous decade there has been tremendous upgrades made in the preparation gear and strategies used to prepare NFL players. This has definitely brought about players getting a lot more grounded, quicker, and greater. Over a similar timeframe blackouts have additionally deliberately turned out to be progressively visit as well.This has driven numerous individuals to accept that there is some kind of connection between the upgrades in player preparing and the expansion of blackouts through the span of a NFL season. The focal point of the primary section of this exposition will be on the general increment of solidarity and size of players and how this identifies with blackouts. The subsequent passage will concentrate on the measure of season and professio n finishing blackout that have happened this last season contradicted to the sum before it.The third section will concentrate on the investigations, which have been led on past players that have indicated they have a type of cerebrum harm, which has come about because of football related movement. The general quality and size increment is generally evident in all out attack mode and guarded lines. Consider this in the mid 1970ââ¬â¢s Randy white featured at protective tackle for the Dallas Cowboys. White weighed 257 pounds, he arranged opposite focuses weighing 240 or 250 pounds and monitors who were viewed as colossal in the event that they weighed 265.Last year's Super Bowl included cautious handles B.J. Raji who weighs 337 pounds and Casey Hampton who weighs 330 pounds versus monitors Chris Kemoeatu who weighs 344 pounds and Josh Sitton who weighs 318 pounds. To place it in context Randy White who played Defensive Tackle and weighed 257 pounds weighs right around 20 pounds not as much as Baltimore Ravens youngster outside linebacker Courtney Upshaw who tips the scales at an incredible 271 pounds. Upshaw is additionally a lot quicker than White was. This is a prime case of how players have expanded in size and quality throughout the years, and have gotten increasingly viable in there positions.Which implies that players at specific positions will have programs explicitly intended for them to get greater and more grounded. In any case, players have not quite recently gotten greater they have likewise gotten quicker. This expansion in weight, by and large quality, and speed is plainly a consequence of the advancements that have been throughout the years in player preparing frameworks. With players looking more like advanced Roman Gladiators than football players, there is no big surprise why blackouts have been happening all the more as often as possible. Over the previous decade there has been an extraordinary increment in recorded blackouts through the spa n of a whole NFL season including practice.From pre-season week 1 of the 2011-12 of the NFL season until week 17 standard season 2011-12 there was 167 blackouts 12 of those brought about players being put on IR (Injured Reserve) which implies they are dormant for the whole (season finishing). Over precisely the same timeframe in the 2007-08 season there were just 115 recorded blackouts and just 4 of those brought about Players being put on the IR. That is a 48% expansion in all out blackouts and 33% in season finishing blackouts, in only 4 seasons.So one can just envision the expansion that you would see from the mid 1990ââ¬â¢s to now, on the off chance that blackouts were recorded as completely, at that point as they are currently. This expansion in blackouts over such a brief timeframe is an immediate consequence of player preparing frameworks, in light of the fact that in 2008 most NFL groups ran 5 2 daily practices for every week in preparing camps, which just included 3 2 ho ur weight instructional courses. Be that as it may, making a beeline for 2011-12 season most groups were running 5 2 daily practices and 1 3 daily practices, and most of those camps ran 4 3 hour weight preparing sessions.There have been a few examinations led on minds of ex-NFL players the latest of those players is Junior Seau. Seau ended it all on May, 2, 2012 following a protracted multi year NFL vocation. Junior Seau experienced constant awful encephalopathy CTE, which is accepted to have been mostly incited by all the hits to the head that he has taken. Junior began demonstrating manifestations of CTE at the finish of the 2007-08 season these side effects incorporate impulsivity, absent mindedness, despondency, and at times self-destructive ideation.The timeframe in which Seauââ¬â¢s family said he began giving indications of CTE is circumstantially a similar timeframe that NFL groups began to expand the length of training and molding works out. Over the span of Seauââ¬â¢s multi year playing profession he played in any event 13 games in each season up until the 2004-05 season and up until his retirement after the 2008-09 season he just dealt with a measly normal of 8 games for every season. He endured 3 undocumented blackouts as indicated by his family and 2 progressively recorded ones over a similar time period.Junior isn't the main ex-NFL player to be analyzed, more than 30 NFL players have lately been determined to have CTE, a condition once known as ââ¬Å"punch drunkâ⬠in light of the fact that it influenced fighters who had taken various hits to the head. The expansion of playerââ¬â¢s size and quality in the NFL lately has an immediate connection with the increment in blackouts. This clear by the 48% expansion in all out blackouts since the 2007-08 season, and the 33% expansion in season finishing concussions.The realities that Junior Seau was essentially blackout free his whole vocation, which spread over 19 years up until the 2004-05 NFL season. In spite of the advances in clinical sciences and defensive player gear, it is sufficiently not to shield these mammoth NFL players from concussing each other. The first of two scholarly gadgets that I utilized was an analogy ââ¬Å"With players looking more like cutting edge Roman Gladiators than football playersâ⬠This sentence recommends present day NFL players display a large number of similar qualities that Roman Gladiators once exhibited.This sentence underpins my contention on the grounds that; the expansion in player preparing innovations has basically transformed players into fighters. The second abstract gadget that I utilized was Irony ââ¬Å"he began giving indications of CTE is incidentally a similar timeframe that NFL groups began to build the length of practiceâ⬠this is amusing on the grounds that it's anything but a happenstance at all there is obviously an immediate relationship between's length of molding/weight preparing activities and measu re of supported blackouts. Blackouts In the NFL Blackouts in the NFL have gotten substantially more predominant, and the impacts of these blackouts seem to have gotten increasingly serious, as this is an immediate consequence of the improvement of player preparing frameworks. Over the previous decade there has been huge upgrades made in the preparation hardware and strategies used to prepare NFL players. This has unavoidably brought about players getting a lot more grounded, quicker, and greater. Over a similar timeframe blackouts have likewise deliberately turned out to be increasingly visit as well.This has driven numerous individuals to accept that there is some kind of connection between the upgrades in player preparing and the expansion of blackouts through the span of a NFL season. The focal point of the primary passage of this exposition will be on the general increment of solidarity and size of players and how this identifies with blackouts. The subsequent passage will concentrate on the measure of season and profession fi nishing blackout that have happened this last season contradicted to the sum before it. The third passage will concentrate on the investigations, which have been led on past players that have demonstrated they have a type of cerebrum harm, which has come about because of football related activity.The generally speaking quality and size increment is generally clear in all out attack mode and protective lines. Consider this in the mid 1970ââ¬â¢s Randy white featured at protective tackle for the Dallas Cowboys. White weighed 257 pounds, he arranged opposite focuses weighing 240 or 250 pounds and watches who were viewed as enormous on the off chance that they weighed 265. A year ago's Super Bowl included cautious handles B.J. Raji who weighs 337 pounds and Casey Hampton who weighs 330 pounds versus monitors Chris Kemoeatu who weighs 344 pounds and Josh Sitton who weighs 318 pounds. To place it in context Randy White who played Defensive Tackle and weighed 257 pounds weighs right arou nd 20 pounds not as much as Baltimore Ravens newbie outside linebacker Courtney Upshaw who tips the scales at an incredible 271 pounds. Upshaw is additionally a lot quicker than White was.This is a prime case of how players have expanded in size and quality throughout the years, and have gotten progressively compelling in there positions. Which implies that players at specific positions will have programs explicitly intended for them to get greater and more grounded. Be that as it may, players have not quite recently gotten biggerâ they have likewise gotten quicker. This expansion in weight, generally quality, and speed is plainly a consequence of the improvements that have been throughout the years in player preparing frameworks. With players looking more like cutting edge Roman Gladiators than football players, there is no big surprise why blackouts have been happening more frequently.Over the previous decade there has been an extraordinary increment in recorded blackouts through the span of a whole NFL season including practice. From pre-season week 1 of the 2011-12 of the NFL season until week 17 ordinary season 2011-12 there was 167 blackouts 12 of those brought about players being set on IR (Injured Reserve) which implies they are inert for the whole (season finishing). Over precisely the same timeframe in the 2007-08 season there were just 115 recorded blackouts and just 4 of those brought about Players being put on the IR.That is a 48% expansion in all out blackouts and 33% in season finishing blackouts, in only 4 seasons. So one can just envision the expansion that you would see from the mid 1990ââ¬â¢s to now, if concussi
Saturday, August 22, 2020
Gandhiââ¬â¢s Key Concepts of Passive Resistance, Non-violence, and Self-rul
Mohandas Karamchand Gandhi-2 October 1869 - 30 January 194 was the pre-famous political and profound pioneer of India during the Indian freedom development. He is otherwise called Mahatma which implies ââ¬Å"The Great Soulâ⬠. He was focused on pacifism, that there ought to be no violence.(1) He had three ideas to follow in his life for freedom of India: Satyagraha, Ahimsa and Swaraj. Gandhi presented the idea of ââ¬Å"Satyagrahaâ⬠that implies ââ¬Å"passive resistanceâ⬠. This aloof opposition likewise implies ââ¬Ësoul forceââ¬â¢ or ââ¬Ëtruth forceââ¬â¢. The words satya implies truth and Agraha implies request, or holding immovably to (2). For Gandhi, Satyagraha is more probable a technique which is rehearsing in peacefulness. Gandhi says, ââ¬Å"Truth (satya) suggests love, and solidness (agraha) causes and in this way fills in as an equivalent word for power. I in this way started to call the Indian development Satyagraha, in other words, the Force which is conceived of Truth and Love or non-violence.â⬠(3) Gandhi gave himself for Satyagraha so as to decolonize India from British without brutality. In his book Home Rule he says,â⬠Passive obstruction is a technique for making sure about rights by close to home anguish, it is the converse of opposition by arms. At the point when I won't do a thing that is offensive to my still, small voice, I use soul-forceâ⬠(5). He sent this idea in Indian Independence Movement. For him, Satyagraha has three fundamentals meaning: ââ¬Å"Satyagraha is a weapon of the solid; it concedes to no viciousness under any situation at all; and it ever demands truthâ⬠(6). Likewise, he introduced a few standards for this ââ¬Å"soul-forceâ⬠to the people of India as a crusade to follow and to arrive at the independency. For example, these are the principles that he needed his kin to obey without viole... ...ed States and South Africa. Works Cited (1) http://wiki.answers.com/Q/Who_was_Mahatma_Gandhi#ixzz17wt8byMT (2) http://en.wikipedia.org/wiki/Satyagraha (3) Satyagraha in South Africa, 1926 from Johnson, p. 73. (4) Gandhi, M.K. ââ¬Å"Letter to Mr. ââ¬Ã¢â¬Ã¢â¬ 25 January 1920 (The Collected Works of Mahatma Gandhi vol. 19, p. 350) (5) http://www.mkgandhi.org/swarajya/coverpage.htm (6) Gandhi, M.K. ââ¬Å"Some Rules of Satyagrahaâ⬠Young India (Navajivan) 23 February 1930 (The Collected Works of Mahatma Gandhi vol. 48, p. 340) (7) http://www.kamat.com/mmgandhi/ahimsa.htm (8) http://en.wikipedia.org/wiki/Swaraj (9) http://www.mkgandhi.org/swarajya/coverpage.htm (10) http://www.swaraj.org/whatisswaraj.htm (12) King, Jr., Martin Luther (1998). Carson, Clayborne. ed. The Autobiography of Martin Luther King, Jr.. pp. 23ââ¬24 (13) http://www.sa-venues.com/nelson_mandela.htm
Friday, August 21, 2020
Brian Sides Essays - Cerebrum, Human Brain, , Term Papers
Cerebrum Sides The human cerebrum is an inexplicable organ. It controls thought, memory, judgment, individual character, and different parts of what is ordinarily called mind. It moreover manages parts of the body including internal heat level, circulatory strain, and the action of inside organs to enable the body to react to its condition and to keep up the body's wellbeing. Truth be told, the mind is considered so integral to human prosperity and endurance that the demise of the mind is considered in numerous portions of the world to be equivalent legitimately to the demise of the individual. Before fifteen years or so there has been a great deal of discuss left cerebrum and right mind individuals. Unmistakably their are misguided judgments and certainties about how our mind sides of the equator work. As a matter of first importance the fantasy of the left mind and right cerebrum hypothesis. This expresses by and large individuals see the left half of the globe of the cerebrum controlling rationale and language and the right, innovativeness and instinct. In expansion individuals vary in their styles of thought, contingent upon which half of the cerebrum is predominant. A few people accept that the majority of what these thoughts state is joke. Next the article investigates the historical backdrop of this interest of the left what's more, right halves of the globe of the mind.. It wasn't until 1962 when Roger W. Sperry started probing certain parts of the mind that add to reality of the left and right cerebrum hypothesis. Sperry contemplated individuals who had experienced careful division of the corpus callosum, the scaffold between the two
Tuesday, June 9, 2020
The Consortium for Graduate Study in Management IV with Corey Webb
document.createElement('audio'); http://media.blubrry.com/admissions_straight_talk/p/www.accepted.com/IV_with_Corey_Webb.mp3Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | TuneIn | SpotifyAt the forefront of increasing diversity in business school and the business world, stands The Consortium for Graduate Study in Management. Listen to the recording of our conversation with Corey Webb, Director of Recruiting for the CGSM to learn about what the wonderful work of the Consortium and how you can join the team. 00:04:31 ââ¬â How the Consortium started. 00:05:38 ââ¬â The Consortium Common Application: What it is and who is eligible to use it. 00:13:00 ââ¬â Why the deadline changed? 00:14:51 ââ¬â The Fellowships: criteria and responsibilities. 00:18:37 ââ¬â About the Orientation Program. 00:25:52 ââ¬â It doesnââ¬â¢t end after graduation: a lifelong relationship. 00:29:02 ââ¬â Why the Consortium asks applicants to rank schools by preference. 00:33:32 ââ¬â Advice for current and future Consortium applicants. *Theme music is courtesy ofà podcastthemes.com. Related Links: â⬠¢Ã The Consortiumà â⬠¢Ã Accepted Services â⬠¢Ã The Consortium Zone Page Related Shows: â⬠¢Ã Forte Helps Women in Business Thrive: Interview with Elissa Sangsterà â⬠¢Ã From Luxury Marketing to Entrepreneurship: A Talk with Daria Burke â⬠¢Ã The Facts about Financial Services â⬠¢Ã How to Become a Management Consultant Subscribe to Admissions Straight Talk:
Sunday, May 17, 2020
Skin Stem Cells - Free Essay Example
Sample details Pages: 2 Words: 673 Downloads: 3 Date added: 2019/06/13 Category Biology Essay Level High school Tags: Stem Cell Essay Did you like this example? Adult stem cells are the undifferentiated cells that are involved in the maintenance, renewal, and repair of various tissues and organs. These stem cells are found in particular niche in a tissue or an organ where they remain undifferentiated and are activated to undergo division and differentiation to maintain the tissue or when activated by disease or disruption. Skin undergoes constant renewal and it is crucial to study the dynamic pathways and key regulators involved at the transcriptional level in proliferation and differentiation of adult stem cells. Donââ¬â¢t waste time! Our writers will create an original "Skin Stem Cells" essay for you Create order In Skin, there are different adult stem cells are located in various locations and can be isolated based on their unique cell surface marker expression. Like epithelium, hair follicles also undergo constant regeneration and have a niche for adult stem cells in the bulge region. Bulge stem cells have shown to regenerate various cell types of the epidermis and when grown in vitro to have shown high proliferation and large colony formation in vitro [1]. The keratinocytes isolated also have shown to be accumulating mutations to form malignant cancers. Skin cancer is one of the most prevalent cancers in United States with around 5 million people being diagnosed and an average of 8 billion dollars is spent on the treatment for skin cancer annually. The statistics on the financial burden on skin cancer and the increasing cases of melanoma and non-melanoma cases detected each year shows the need for research and understanding the underlying mechanisms to prevent skin cancer [2]. As these adult stem cells have such unique characteristics, it is important to know about the key regulators involved in the cell proliferation, cell differentiation, immunity and pathways that lead the cells to become cancerous. Apart from the above tissue specific properties there is also a huge interest in trying to understand universal adult stem cells property and their involvement in cancer. With advances in high throughput sequencing, we are now able to study differential gene expression across various cells and tissues. Deeper sequencing techniques have enabled to sequence the major chunk of the genome which is non-coding transcriptome. RNA-sequencing has made it easy to compare gene expression profiles across samples and in-between two cell types from the same tissue and gives an insight into gene expression, tissue pattern or cell specificity of both protein coding genes and non-coding genes. Having this data will help us understand the key regulators which participate in s tem cell proliferation, differentiation and in our study, genes involved in high colony formation. By isolating specific stem cells from mouse model, it will help us design an experimental model which will allow us to compare the data with publicly available data bases to understand the roles and functions of key regulators involved. Among the non-coding RNAs, long non-coding (lncRNA) RNAs have shown to be involved in regulation, stem cell differentiation and tumor promotion. With increasing evidences of lncRNAs involvement in gene regulation, we decided to look into them and how they are differentially expressed and affect the nearby protein coding genes in our cells of interest from the C57BL6 mouse. LncRNAs are more than 200 bp in length and are involved in gene regulation at transcriptional and post-translational level. They bind with proteins, transcription factors and by binding with other ncRNA alter gene expression. It is also known that lncRNA are tissue specific and are differentially expressed in higher numbers compared with protein-coding genes [3]. In databases like Gencode, they have reported a total of 28468 lncRNA genes in human and 17855 lncRNA genes in mouse [4]. Most of the functions of lncRNAs are still unknown. Identifying differentially expressed genes will be the first step to look into imp ortant genes and pathways that regulate the stem cell characteristics of hair bulge cells compared to the nearby non-stem cell population. To understand better how Long non-coding and mRNA work in the skin we are including parameters like the location of lncRNA and gene expression pattern of selected lncRNA-mRNA across different cancer types to know the function and possible regulatory mechanism of lncRNA on nearby protein-coding genes. Keratinocyte stem cells and cancer
Wednesday, May 6, 2020
Advertising and Society - 2565 Words
Advertising and Society Introduction: Advertising is said to be like glue that holds cultures together. It allows us to share a common experience incorporated by brands, images, logos, and even silly jingles. We define who we are by what we buy and wear because we know that others judge us by what we buy and wear. And advertising influences those judgments. Today because of advertisements conditioning and trendsetting, judgments are made on what clothes people wear, what shampoo and kitchen cleaner they use, not on whom we really are. This leads to a certain degree of social discrimination and emotional insecurity especially in younger population. In advertising, socio-cultural dimensions came in 1920ââ¬â¢s. Agencies and publicists noâ⬠¦show more contentâ⬠¦Then he discussed about the role of advertising in developing ideas about the imaginary world. To elaborate his point the author added the analysis by Cronic in 2000.who argued about the imagination of audience and their relationship and said that they cannot be discovered. Moreover he discussed the post modern and cultural critiques of advertising which were based on the modes of consumption. Then he put studies by Matterlart in 1991 and Kenway and Bullen in 2001 which emphasized on the domination of public space and consumption of advertising where as Jameson in 1991 and Baudrilland in 1988 argued about post-modern ways of criticizing advertising. They said that there is a lack of distinction between the real and imaginary world. The main crux of their studies was that advertising creates hyper reality. In order to relate advertising with other different phenomenonââ¬â¢s he discussed about discourse, ideology, myths and representations. According to author there is an interrelationship between discourses, ideologies myths and representations. For discourses he took the example of car advertisement that how they used technology as a discourse in relation to different environments Moreover he added myths as false ideas about consciousness of ideology as in advertisements of beauty products. According to him advertising not only affects our consciousness butShow MoreRelatedAdvertising And Its Effects On Society844 Words à |à 4 Pageslogo, and flyers left on windshields as a form of advertising (2011, p.130). According to Medoff and Kaye, advertising serves an educational, social and economic purpose (2011, p.137). Although advertising appears beneficial in many features, it too has its drawbacks and can be similarly unfavorable. Advertising will perhaps become increasingly ubiqui tous, increasingly influential, and increasingly controversial (Advertising, 2011, p.152). Advertising is highly criticized, not so much for its very natureRead MoreAdvertising And Its Effects On Society1167 Words à |à 5 PagesCome To Advertising has found ways to be subtle about how they go about demeaning and dehumanizing different genders, races, ages, ethnicities, cultures, and sexual orientations. Society would like to believe that advertising has improved from the days of showing womenââ¬â¢s place in the kitchen and only having light skinned models but now advertising companies have just become sneakier and wittier about the way they portray people and the worst part is that society encourages it. Society, as a wholeRead MoreEffect Of Advertising On Society Essay1728 Words à |à 7 PagesTalking about advertising, on the one hand, it is good for its functions, displays, etc.; on the other hand, sometimes it is too good to be true, the way they bring the messages to the consumers which state ââ¬Å"the number one â⬠¦Ã¢â¬ . What truly are the miscommunications and how do the viewers react to different types of stimulation among those, are there negative or positive results? This review of literature scope was led by the following question: When it comes to communication and advertising are there positiveRead MoreAdvertising And Its Effect On Society1442 Words à |à 6 Pagesproduct. Although sometimes advertising can be quite annoying, it can also help in persuading you to buy a product or service. You may be looking for a specific product for a specific purpose or maybe you have heard of a product simply through its exemplary advertising. There are different viewpoints to advertising and many different ways that it appeals and relates to us as individuals and as a society. Today, in order for the advertisements to stay true to their advertising, there has been a set ofRead MoreDeception in Advertising to the Society865 Words à |à 3 Pagesthe end. Society considers deception as a relational transgression, which normally leads to betrayal and mistrust among individuals. Deception can take many forms that may include propaganda, dissimulation, distraction, concealment, camou flage and even self-deception (Carson, 2010). Advertising and Deception The most common form of deception is the use of misleading or false statements in commercial transactions. This is referred to as deceptive or false advertising. False advertising is any promotionRead MoreAdvertising And Its Impact On Society1178 Words à |à 5 Pagescomes to advertising these differences are not put aside, especially in terms of gender and race. According to Schroeder Borgerson (1998), advertising is quite significant when influencing, building and illustrating consumers vision of the good life, which includes sexual attraction. Domzal Kernan (1993), added that, advertising images represent an essential part of the experienced visual world. Reality and advertising are notRead MoreAdvertising Impact on Society 1190 Words à |à 5 PagesAdvertisingââ¬â¢s impact on Society Marshall McLuhan, a Canadian philosopher of communication theory said, ââ¬Å"Advertising is the greatest art form of the 20th century.â⬠Like many works of art, advertising is constantly pushing the limits of what is appropriate. It is hard to escape the constant bombardment of advertisements; they are all around us and they have an impact on our cultural values as a society. Industries take full advantage of this constant exposure in order to sell their products, so asRead MoreAdvertising in our Society 555 Words à |à 2 PagesAdvertising is the process of communication where a person or groups of people are persuaded to take some form of action, usually to make a purchase or participate in a particular behavior. Advertisements are used in hopes to increase the number of people that use their products or services. All product advertisements try to make people buy their products, so they manipulate facts about the product to make it more appealing to the consumer. Advertiseme nts have such a high level of advertising aroundRead MoreThe Effect Of Advertising On Society1911 Words à |à 8 Pagespromotions as they see it as an essential tool in an increasingly capitalistic free market to fuel economic growth. Unfortunately, the surge of unchecked advertising has lead to some adverse effects on societies whether they be moral or ethical in nature. The SAFRA gym advertisement, is an impeccable example of the adverse effects of advertising in todayââ¬â¢s society. The advertisement depicts a lean woman who is wearing purple tank top and tight black leggings working out uncomfortably, as two men watched herRead MoreThe Effects Of Advertising On The Society936 Words à |à 4 Pagesmarket; conversely competition can go too far or form into something entirely different. In addition, some companies will do anything to boost sales even if that means sacrificing common etiquette or logic to the masses and against their rivals. Advertising is always evolving and a dapting, and for now companies and their advertisers through their advertisements are appearing more cynical and critical by the day. Competition has been a motivating force since man was created. It is a driving pressure
Description of a Religious Festival free essay sample
Write an essay describing a religious festival you celebrated, mentioning what you saw and did in the festival Religion is a ââ¬Å"collective conscienceâ⬠, a shared outlook created by ceremonies. Most common religion in India is Hinduism. Hindus celebrate thousands of events every year and each in a similar manner, including chanting prayers to the gods and making sweets. Ram Navmi is also one of the event celebrated Hindus. This occasion has great momentousness therefore itââ¬â¢s a nationwide holiday. It is celebrated two days after the seven navratras. Navratras are the days of ââ¬Ëpoojaââ¬â¢ in which Goddess Durga is worshipped by the people for bringing peace and prosperity in their life. People especially ladies keep fast for the first eight days and open on the ninth day. Goddess Durga have nine different incarnations, worshipped one each day. Havans are done, which is also believed by the people that itââ¬â¢s smoke purify the homes. We will write a custom essay sample on Description of a Religious Festival or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page On the ninth day a bigger ââ¬Ëhavanââ¬â¢ is done and then ladies in the family prepare meals for seven young girls and one boy. These girls are treated with respect as they are considered the different forms of Goddess Durga. They are also given offerings in the form of cash. We also celebrate Ram Navmi and so my mother kept a fast for two days. We could not do havan on the first eight days due to lack of space but on the ninth day we had a ââ¬Ëpandalââ¬â¢ built, made up of tent cloth which was all red in colour which was to give the event its effect supported by thin logs. A pandit was called to conduct the rights and rituals and my mother prepared food for the girls. The eighth day was hectic for me bit I enjoyed it . my sister and I prepared the invitations cards for the children. They had a silver colored fringe with text in golden and a picture of Lord Ganesha with red background. I went to each oneââ¬â¢s house to invite them. I also went to buy eight gifts and keeping in mind their ages I found all the appropriate gifts. Then came the ninth day, I was woke up from my sleep by the ââ¬Ëshankââ¬â¢ sound. I took my bath and got ready for the function. The ââ¬Ëhavanââ¬â¢ started and gradually the girls also came and there was deluge of tasks poured upon me. I had to bring the bucket full of water to wash the ââ¬Ëkanyasââ¬â¢ feet. Then I went to help the pandit with ââ¬Ëgheeââ¬â¢,ââ¬â¢yoghurtââ¬â¢, etc.
Monday, April 20, 2020
Ovarian Cancer Essays (1205 words) - RTT, Ovarian Cancer
Ovarian Cancer Ovarian cancer is a cancer which forms in the ovaries of a female reproductive organs. Most times it is undetected until small tumors line the abdominal cavity and the cancer cells invade vital organs. This cancer, which is the fifth leading cause of cancer death among American women, has recently shown signs that it may have more success with new treatments for all stages of the disease. Symptoms Ovarian cancer has often times been known as the "silent killer" of American women, but scientists have recently uncovered startling facts: more than 90% of ovarian cancer patients had symptoms of the disease long before it was officially diagnosed. As well as this amazing fact, one in 17 women who live to be 80 will develop ovarian cancer. Some symptoms of this disease include abdominal swelling; digestive disturbances, which include gas, bloating, chronic stomach pains, or indigestion; pelvic pressure; a persistent need to urinate; unexplained weight loss or pain in the pelvis, lower back, or legs. As it can be seen, these symptoms can pertain to many other illnesses, therefore it is hard for a doctor to know ovarian cancer exists. Most times, when these symptoms do not respond to the usual treatments, doctors are instructed to consider ovarian cancer as the problem. Diagnosis, Surgery, and Therapy In order to make a diagnosis, first the doctor requires a thorough medical history of the patient and a pelvic exam, which allows the doctor to feel for abnormalities in the ovaries. If an abnormality is suspected, an ultrasound is usually performed. Usually, for an ultrasound, a probe is placed in the Vagina to gain a clear image of the ovaries. The ultrasound can determine the health of the ovaries and distinguish any more possibilities of the existence of ovarian cancer. To have a better idea of what's wrong with the patient, the doctor obtains a blood test on the patient to measure CA-125. CA-125 is a protein produced by ovarian cancer cells. In advanced ovarian cancer, the protein is elevated in more than 80% of women. In those patients with early-stage cancers, the protein is elevated in more than 50%. Unfortunately, this tool is not perfect. Sometimes these protein levels can also be higher during ovulation or endometriosis. The only certain way to find out if ovarian cancer lives in the patient is to have surgery. During the surgery, the ovaries and other organs of the abdomen are thoroughly inspected. If cancer is strongly suspected, the incision for the surgery is made through the abdomen. The first stage of ovarian cancer is referred to as stage I. This stage is when the cancer is only located in the ovaries. Stage II is classified to the ovaries and other pelvic organs. Stage III is cancer in all the abdominal organs except for the liver, and stage IV includes the liver and other vital organs. Advanced cases are considered the stages from II to IV. Sometimes in the early stages of ovarian cancer, a woman can still conceive, because only one ovary will be removed. If the stage of cancer is very advanced, both ovaries will be removed, as well as the uterus, fallopian tubes, and the momentum. Chemotherapy usually makes CA-125 return to their normal levels. If it remains high or rises during therapy, the cancer may have reoccurred. Some studies suggest that if the tumors return within six months of therapy, the cancer cells could be resistant to drug treatment. A woman visits her physician every few months after her surgery and treatment to keep an eye on her CA-125 levels. Several organizations are trying to develop cancer vaccines targeted at certain cancer-causing proteins, like CA-125. By killing these proteins, they have less of a chance of causing the cancer. Side Effects Chemotherapy drugs kill cancer cells but also damage some normal cells. Temporary side effects might include nausea and vomiting, loss of appetite, loss of hair, mouth and vaginal sores, and changes in the menstrual cycle. Because chemotherapy can damage the blood-producing cells of the bone marrow, patients may have low blood cell counts. This can result in an increased chance of infection, bleeding or bruising after minor cuts or injuries, and fatigue. Potentially permanent side effects include premature menopause and infertility. After radiation therapy,
Sunday, March 15, 2020
Free Essays on Gatsby and the Frozen Moment
In todayââ¬â¢s society, it is very easy to look around and see many people who live in their past. Walking down a street, one can still watch cars pass by with peace signs and equal rights slogans or hear blasting disco music from the 70ââ¬â¢s. However, although the people in these cars enjoy the culture of the past, they know that it is behind them and can never fully be revived. They know that no matter how much they want the 60ââ¬â¢s or the 70ââ¬â¢s back, it can never happen, because times have changed. Unfortunately, Gatsby, in the book that bears his name, believed that despite all of the time that had passed and things that had occurred during his five years absence from Daisy, all could be revived. Therefore, he set out to reclaim his love, Daisy, and continue his life, as it had been in the past, unconcerned by all of the changes that had transpired. When Gatsby returned from his service in the armed forces, he embarked on a journey to reclaim his lost sweetheart, Daisy. He found her living in East Egg, married to a man named Tom Buchanan. He, in his obsessive love for Daisy, bought a house in West Egg directly across from hers. He would make extravagant parties with food and liquor, even though he did not drink, just hoping that one day the object of his desire would show up. He just wanted to regain that feeling that emotion that he had for Daisy. The one that he discovered back when he sat with her for hours just staring into her eyes and talking. He just wanted to relive that moment. Finally, after Gatsby met Jordan and Jordan convinced Nick to invite Daisy over, he had his chance. He sat with her again and tried to make everything as it was. He tried to recreate that magic moment in which he knew she was for him. She even led the reader to believe that her life with Tom was over and that she was going to join Gatsby in his world of the past. She chose Gatsby to ride in the car with, she made frequent visits to ... Free Essays on Gatsby and the Frozen Moment Free Essays on Gatsby and the Frozen Moment In todayââ¬â¢s society, it is very easy to look around and see many people who live in their past. Walking down a street, one can still watch cars pass by with peace signs and equal rights slogans or hear blasting disco music from the 70ââ¬â¢s. However, although the people in these cars enjoy the culture of the past, they know that it is behind them and can never fully be revived. They know that no matter how much they want the 60ââ¬â¢s or the 70ââ¬â¢s back, it can never happen, because times have changed. Unfortunately, Gatsby, in the book that bears his name, believed that despite all of the time that had passed and things that had occurred during his five years absence from Daisy, all could be revived. Therefore, he set out to reclaim his love, Daisy, and continue his life, as it had been in the past, unconcerned by all of the changes that had transpired. When Gatsby returned from his service in the armed forces, he embarked on a journey to reclaim his lost sweetheart, Daisy. He found her living in East Egg, married to a man named Tom Buchanan. He, in his obsessive love for Daisy, bought a house in West Egg directly across from hers. He would make extravagant parties with food and liquor, even though he did not drink, just hoping that one day the object of his desire would show up. He just wanted to regain that feeling that emotion that he had for Daisy. The one that he discovered back when he sat with her for hours just staring into her eyes and talking. He just wanted to relive that moment. Finally, after Gatsby met Jordan and Jordan convinced Nick to invite Daisy over, he had his chance. He sat with her again and tried to make everything as it was. He tried to recreate that magic moment in which he knew she was for him. She even led the reader to believe that her life with Tom was over and that she was going to join Gatsby in his world of the past. She chose Gatsby to ride in the car with, she made frequent visits to ...
Friday, February 28, 2020
'HOW THE ASSISTANT PRACTITIONER SHOULD ACT TO RESPECT THE PATIENT OR Essay
'HOW THE ASSISTANT PRACTITIONER SHOULD ACT TO RESPECT THE PATIENT OR CLIENT AS AN INDIVIDUAL AND ALWAYS ACT IN THEIR BEST INTEREST' - Essay Example The assistant practitioner works along with qualified team support that is involved in managing and coordinating activities to carry forward health care. The authority is required to undertake certain physiological measures and observations, and then propose a remedial action accordingly. The assistant practitioner is also required to provide teaching and learning assistance to subordinates. It is also part of the assistant practitioner to undertake clinical review processes as per conditions and requirements. The practitioner under his/her capacity is further urged to assist and support the relevant staff during their development phase. The practitioners are required to abide by the Trust core standards and procedures, the staffs are further responsible for their personal awareness related to clinical and personal development. The practitioners are provided with an option to adopt and apply new technique of practice depending upon the circumstances and relevant practices. The practi tioners are urged to review professional clinical supervision to further enhance and improve their clinical practice. It is the responsibility of the practitioner to promote a healthy lifestyle in an active manner, and contribute towards the service development under limited capacity. The practitioners on the basis of their experience have the authority to participate and involve in the recruitment and retention process of their group. The practitioners are provided with an opportunity to undertake therapeutic activities, and if required should also undertake nursing procedures, after seeking relevance guidance and supervision of the registered professional in the clinical setup. It is mandatory upon the practitioner to guarantee safe and healthy environment to the patients, visitors and staff, the practitioners should be aware about the health and safety policies. The
Wednesday, February 12, 2020
Week 2 Coursework Example | Topics and Well Written Essays - 250 words
Week 2 - Coursework Example In this regard, comparative analysis of existing circumstance may influence the decision of an individual when it comes to ethics. In this respect, informed judgment must always be made by an individual to achieve the maximum results on the grounds of ethical expectations. When one is entangled in a situation where a difficult situation has to be made, exceptions on absolute ethical standards are always inevitable (Finser, 2003). There are various incidents that justifies disregard to absolute ethical standards. The motive may sometime justify an action and hence support deviation from absolute ethical standards. Take the instance where one plots to steal cakes to feed a starving family. Absolute ethical approach would consider this action as a wrong but the prevailing circumstance and motives turns out right. In this regard, the situation should be an exception of ethical absolutism. Another situation where the absolute ethical standard may disregarded is where one person is to be killed in an attempt to save several others. For instance, a driver who finds himself in a dilemma situation with a pedestrian to avoid hitting in an incident of brake failure while carrying several people may resort to running over the one pedestrian to save the mass. Although killing is wrong, acting in favor of the mass is ethically justified Finser, 2003). The examples and supportive facts discussed shows need to disobey absolute ethical standards in some
Friday, January 31, 2020
Java Spring MVC Programming Introduction Essay Example | Topics and Well Written Essays - 1000 words
Java Spring MVC Programming Introduction - Essay Example This module of the spring framework supports all popular data access frameworks in Java: oracle, JDBC, oracle toplink, Apache OJB, JPA, JDO, Hibernate, Apache Cayenne etc. For all the supported frameworks, spring provides Resource management, Exception handling, Transaction participation, Resource unwrapping, Abstraction The transaction management module brings a mechanism of abstraction to the Java platform with the following capabilities: ability to work with nested transactions, ability to work with savepoints, ability to work on local and global transactions, ability to work on almost all Java platform environments. It provides a first class support which is used for the purpose of testing spring MVC apps without a servlet container and with a fluent API. Tests on the server side use the DispatcherServlet while tests on the client side make use of the RestTemplate. This class has a @ExceptionHandler method which is used to handle standard spring MVC exceptions and return a ResponseEntity that allows customization and writing of responses with HTTP message converters. The structural elements of a spring application contains various elements which include introduction page, A page controller, A unit test class for the page controller (Risberg, et al., 2009), A view page and the DispatcherServlet (this is known as the Front Controller and is used by the web server based on the configuration on in
Thursday, January 23, 2020
Stanley Kubricks Full Metal Jacket and Eisenharts You Cant Hack It Little Girl :: essays papers
Stanley Kubrick's Full Metal Jacket and R Wayne Eisenhart's ââ¬Å"You Cant Hack It Little Girl: A Discussion Of The Covert Psychological Agenda of Modern Combat Training,â⬠Stanley Kubrick uses his film, Full Metal Jacket to say that people today are brainwashed products of decades of conditioning. Kubrick strongly encourages us to relish individual thought. He expresses that societyââ¬â¢s ideology encourages conformity, which can eventually cause fatality. Also the article ââ¬Å"You Cant Hack It Little Girl: A Discussion Of The Covert Psychological Agenda of Modern Combat Trainingâ⬠by R Wayne Eisenhart realizes the extreme repression on individuality in the Marines. We all like to think of ourselves as individuals. However, in truth, we all live in a mass denial created be ourselves to feel less guilty about instituting severe pressure to, and the consequences if one does not, conform. The way one learns about oneself is often through othersââ¬â¢ words and actions. This outside feedback creates a role for a person that he/she accepts as ââ¬Å"who he/she is.â⬠Therefore, it is the words and actions of another that forms the self-identity of a person, and ad this relationship develops, positive, reinforcing words and actions become necessary for ones healthy existence. Of course, there are varying degrees of conformity, and in most people there is the struggle to hold on to their individuality. This struggle is apparent in the scene in Full Metal Jacket when Gomer Pyle is beaten with soaps in towels. The other members of the troop become upset at Pyleââ¬â¢s nonconformity, and their negative feelings eventually reached the point of v iolence. Then Pyleââ¬â¢s struggle was ended and he became like the others, a killing machine. In his article, Eisenhart recognizes that ââ¬Å"the training process created intense emotional conflicts generated by the formation of a male role,â⬠and that there was a ââ¬Å"continual structured effort to degrade and shape the individuals self-image.â⬠Because all throughout history conformity was a necessary way of life, one may see society now as completely brainwashed. Kubrick depicts the longstanding tradition of the US Marines as a kind of cult where everyone is uniformly behaved and not one thought is individual. Even Joker, who has an image of originality in the film, eventually gives in to the group. First in the scene where he is cajoled in to hitting Pyle with the soap, and second when he struggles with himself, but ultimately conforms by killing the Vietnamese sniper at the encouragement of his peers.
Wednesday, January 15, 2020
Natural disaster risk assessment and risk management
Disasters have occurred in the world over for many years. They have occurred both in MDCs and LDCs. These disasters have either been caused by human forces or natural forces or interaction of both natural and human forces. When they occur they cause serious challenges and consequences to the economies of affected areas or countries. Itââ¬â¢s estimated that the world looses over 750 dollars annually as a result of disaster. In most cases, the phenomenon that triggers disasters is beyond human control. In general the loses that causes natural disasters are largely a function of human factors which are human decisions, human actions and human choices or sometimes lack of these. Before I go into specifying a specific human disaster threat, it is important to exactly know what a disaster is or what it means. A disaster means misfortunes or calamities. It can also be termed as an incident of great harm and distress. Itââ¬â¢s a serious disruption of functions of society causing widespread human, material or environmental loses that exceed the ability of the affected society to cope using its own resources. In this case, I am going to specifically dwell on earthquake as a natural disaster and its threats. Earthquake is a tremor caused by the disturbance of the earth surface. When it happens it causes great destruction economically, socially and even psychologically to the people living around. Because earthquakes are natural disasters, human have no control over them and this can explain why naturally occurring disasters have serious impact on human society. They only leave human beings with the option of reducing their impacts when they occur. As I have mentioned before, disaster is a result of human force, natural force or a combination of both; management for these disasters have been put in place. Disaster management simply is a body of policy and administrative decisions and operational activities which pertain to various stages of a disaster at all levels. So disaster management body has to come up with personnel and facilities dealing with earthquakes. The personnel includes both the administrative, individuals and community actions who try to minimize loss of lives or/and damage of facilities. This they do through disaster preparedness includes efforts for effective rescue of people involved in the earthquake disaster, relief and also rehabilitation and reconstruction of destroyed materials like buildings. The administration, individuals and community also engage in disaster mitigation which encompasses all measures to reduce the impact the earthquake disaster phenomenon by improving the communityââ¬â¢s ability o withstand the impact of the earthquake. This they do through the prevention, preparedness and real response of earthquake disaster during or after which includes relief, rehabilitation and reconstruction. Earthquake disaster will definitely leave behind vulnerable people who are prone to it again incase it occurs again. To be vulnerable is to live with a likelihood that one will suffer from hazardous events. In the society, some people are more vulnerable than others. The nearness to hazardous places the more the consequence one will face. Earlier, earthquake disasters have established that natural hazards are a cause of vulnerability to disasters. People who live or work in certain areas are prone to disasters that may occur to such areas. This means that humans living or working in certain areas make themselves vulnerable to earthquakes disaster, for example if they live in areas of volcanic activities then they are prone to earthquakes or earth movements respectively. Vulnerability is simply reduced to zero by people not living in affected areas. Scientists, technologists and engineers have attempted to predict hazardous events and development of technologies that can enable human structures to withstand earthquakes. The assumption has been that events are acts of nature that cannot be prevented but rather there are possibilities of reducing their consequences. As a result of this, technologies and materials for building and construction for example have been developed so that they can withstand earthquakes or earth movements. In spite of many games in the scientific and technological process to control vulnerability to earthquake disasters people continue to be injured, die and loss of property. One reason for this is because many earthquake disasters predictions and other mitigative technology are costly and individuals and communities are either unwilling or unable to afford them. The costs tend to set criteria for deciding on what mitigation methods to use under various circumstances. à So according to this view, although vulnerability is a cost, vulnerability reduction is itself costly. As I mentioned before, disaster does not choose specific people and the nearer one gets to it or lives near it the more vulnerable he or she becomes. Earthquakes disasters do not choose the poor or the rich but it affects anyone or everyone. So earthquake or earth movement disasters impose a varied number of consequences on the humans, animals, physical and environmental aspects. These consequences can be in view of the time period of a disaster that is either short term, mid term or long term. To UNECLAC, effects of disasters are short term consequences of disaster that comprise of direct damage,, indirect damages and secondary effect. Impacts comprise of economic, social, psychological and environmental impacts. These are mainly long term consequences of disasters. The worst case scenario that determines the degree of risk is whereby disaster occurs because people who are vulnerable simply do not know when the disaster may occur, what protection measures to take and these coupled with negative attitudes towards use of certain measures. This increases human suffering from disastrous situation. A good example here is a case where by simple earth tremors or movements occur frequently leaving à people with a normal assumption that such have been happening and that have never had effect on them. This will definitely make everyone to take such scenarios for granted not knowing that one day the tremor can turn out to be an earthquake. When it turns to be earthquake, it will find everyone unaware and hence will end up affecting the majority. The fact that disaster can happen anywhere and anytime, everyone should be prepared. Earthquakes disasters are categorized as either simple, Meagre or complex. What one society can look at as a simple earthquake disaster can be perceived as complex earthquake disaster by another society. Some disasters are also seen as rapid while others seen as slow. I may say that most earthquakes disasters can be considered as initially slow or creeping because mostly they begin as earth movement or tremors before ending up as earthquakes which are considered to being rapid. Earthquakes are as a result of natural forces or an interaction of human and natural hence they are beyond human control thus the society should be prepared on how they can be mitigated however much costly it may be. People should also be prepared because of the damages the earth quakes cause whether partial or complete destructions of physical infrastructure like buildings, people, communication networks, machineries, etc. à They can be indirect damages that the damage to the flow of goods and services that can neither be produced nor distributed when a disaster occurs. Indirect damages are of four folds namely; increased population costs, increased damages, loss of corporate incomes and unexpected expenditures. In conclusion, earthquake disasters neither belong to the rich or poor but to everyone. This means it can affect everyone as long as one lives on the earthââ¬â¢s surface. References www.redcross.com
Tuesday, January 7, 2020
Walt Disney Yen Financing - Free Essay Example
Sample details Pages: 5 Words: 1395 Downloads: 7 Date added: 2017/09/12 Category Advertising Essay Did you like this example? 1. Should Disney hedge its yen royalty cash flow? Why or why not? If so, how much should be hedged and over what time period? Yes, Walt Disney Company should hedge its royalty cash flow to protect against currency fluctuations. The company has revenues in Yen and does not have expenses in Yen. Thus it would be converting the Yen to Dollar and so is exposed to foreign exchange risk. The value of Yen has declined recently and it is difficult to forecast what the value could be in the future. Also currency speculation should be left to speculators and Disney should not play on the exchange rate. It would be wise to reduce the risk due to changes in exchange rate. The royalty receipts form a significant part of the pre tax income of Disney and any adverse movement would impact the financial position of Disney. The maximum amount and the period should be the Yen royalties that accrue to Disney. At the moment the amount is Yen 8 billion. The royalties are expected to grow for all times in the future and so the hedging should be for the maximum maturity available which is 10 years. Donââ¬â¢t waste time! Our writers will create an original "Walt Disney Yen Financing" essay for you Create order At the minimum, Disney may Disney may want to take enough money so as to reduce the debt to capitalization ratio back to 20% which now stands at 32%. The expected yen revenue stream of more than ? 8 billion every year would create 2. Assuming a hedge is desirable what hedging techniques available to the treasurer? What are the advantages and disadvantages of each? The various hedging techniques available and the advantages and disadvantages are : 1. Currency Options ââ¬â In this Disney could buy dollar yen options allowing Disney the right to buy dollars against yen at a predetermine rate or could sell Put options allowing Disney to sell yen for dollars at a predetermined rate. The advantages of options are â⬠¢ It gives the right but not the obligation. If the Option is out of the money it need not be exercised. â⬠¢ Options have an unlimited upside but limited downside so will help Disney benefit from favorable rate movement. â⬠¢ Options can be taken for high amounts using small margin money The disadvantages are â⬠¢ The time period for which options are available is till 2 years only. Beyond 2 years the market is not liquid â⬠¢ Options require payment of upfront premium and so there will be a cash outflow 2. Forward Contracts ââ¬â In this Disney could take a forward contract through a bank and sell the Yen forward for US Dollars at a rate that is fixed now. The advantages are â⬠¢ Forward contracts can be tailored to the needs and requirements of Disney â⬠¢ Longer term contracts are available and Disney could hedge up to 10 years â⬠¢ The forward contracts can be cancelled and so provide some flexibility in the future years The disadvantages are The rate is locked at the time of contract and so there is so upside benefit â⬠¢ The forward contracts need to be honored at maturity and so Disney has to settle it â⬠¢ As mentioned in the case, the forward contracts would be against the overall exposure to Disney and so would tie up lines of credit â⬠¢ Forward contracts are exposed to default risks of the counterparty 3. Futures ââ¬â Futu res are standardized contracts which are traded on the exchanges. That is the only difference between forward contracts and futures. Disney could buy or sell contracts on the futures exchange and hedge its exposure. The advantages are : â⬠¢ They are liquid as they are traded on the exchange â⬠¢ Using futures would not tie up the lines of credit with the banks â⬠¢ There is not much default risk as the futures are market to market daily. The disadvantages are â⬠¢ As these are standardized, they cannot be customized to the requirements â⬠¢ Require a margin deposit â⬠¢ The futures contracts are available for shorter periods only 4. Swaps ââ¬â Disney could swap its exposure in Yen with Dollars so that its inflow is in Dollars and it pays Yen The advantages are â⬠¢ Swaps are off balance sheet financing with only disclosure in notes. Thus the balance sheet looks better â⬠¢ The two parties to Swap could customize the terms to their requirements â⬠¢ Swap enables parties to access capital markets which they may not able to do directly The disadvantages are â⬠¢ High fees to be paid to the intermediaries â⬠¢ It is difficult to get counterparties with a perfect hedge 4. Yen 15 billion 10 year bullet loan The advantages are â⬠¢ The time period would be 10 years â⬠¢ The interest rate would be the Japanese prime rate The disadvantages are â⬠¢ Since it is a bullet loan it does not help in hedging the year on year income â⬠¢ Requires lump sum payment on maturity It is more expensive than the SWAP transaction â⬠¢ Has upfront fees Other hedging methods such as issuing longer maturity Eurodollar note was not feasible because of the Disneyââ¬â¢s temporarily high debt ratio. Also, Euroyen bonds are not an option because Disney was not eligible to issue them under Japanese regulations. 3. In light of the various other techniques for hedging currency exposures why the market for currency swap does exists? Who benefits and who looses in such an agreement? Can a swap really create value for a corporation? And if so where does the value come from? What risks does the swap carry for the various parties involved? The market for swap exists since it allows parties to access market which they might not be able to do directly. Also swaps are customizable between parties and so are more flexible. The duration of swaps could be the duration of the exposure. These advantages have led to the creation of the swap market. Swaps also help in broadening the investor base. Companies could raise money in different currencies and then use a swap to get back to their home currency. Swap also helps in lowering the overall cost of borrowing as also enable firms to change their payment stream to either fixed or floating. When the swap is initiated for the first time, it creates value since only if value is created will the parties agree for a swap. The value comes for the differing credit ratings of the firms. In interest rate swaps, two firms come together to swap their interest obligations and each mat find that it is paying a lower rate than before. The risks that the swaps carry is the changes in the market after the swap has taken place. In case of an fixed for floating swap, if the floating rate rise then the firm will have to pay more. Or in the case of currency swap, if the exchange rate movement is adverse, then there could be a loss. There is also a default risk since the agreement is between two parties. The swaps are not liquid and once entered may be difficult to come out of. 4. Evaluate Goldmanââ¬â¢s proposal for an ECU bond issue accompanied by an ECU/yen swap. How does its ââ¬Å"all-inâ⬠yen cost compare to that of the proposed yen term loan? Is it superior to hedging using outright forwards? (Note: ââ¬Å"all-inâ⬠cost generally refers to that discount rate which equates the present discounted value of the future debt service payments with the financing proceeds less front-end fees [i. . the internal rate of return], expressed as an annual rate). The calculations are in the excel file ( we use the IRR function to calculate the internal rate of return. The cash flow details are from the exhibits) . We get the following costs 1. 10 years ECU Eurobond Issue ââ¬â YTM is 9. 46% 2. SWAP ECU/Yen ââ¬â YTM is 6. 89% 3. Yen 10 year Loan ââ¬â YTM is 7. 61% The ECU/Yen swap is the cheapest, t hough it does not include fees, but it may still be the cheapest. In the outright forwards market we find that the Yen is appreciating. This is obviously a better choice since this would mean that Disney would get more dollars. An exercise has been done, where the Yen payments made by Disney are converted to USD at the forward rates. Using the same discounting rate as the cost of Swap, the PV of the Yen payments in USD comes to $69. 27 million. This is higher than the present value of the amount that Disney gets from IBJ which is $58. 23 million. Also the Swap does not cover the entire exposure of Disney in Yen. Therefore if it is possible than outright forward hedge is better than other alternatives
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