Does power inevitably corrupt the powerful Essay

Powers definitely degenerate the amazing - Essay Example From this point of view it could be contended that the straightforward capacity to control others is by its tendency a defilement of different people groups will and in that capacity, power is inalienably corruptible. Anyway by and by this may not be valid. At last it could be contended that force does regularly degenerate anyway it doesn't really need to degenerate. There is little inquiry that as a rule in history individuals have been significantly debased by power. As indicated by Haddock (2006) there have been a few models in history of individuals applying their control over others. On one side of the range one finds influential men, for example, President Lyndon B. Johnson who might frequently hold gatherings while he was perched on the latrine (Demonstrating a sort of scorn over his collaborators) to a neurotic, for example, Joseph Stalin who murdered millions. One issue with respect to control that has emerged is the possibility that individuals might be designed for egocent ric force instead of straightforward institutional force. Anyway it remains the case that numerous individuals do accomplish a lot of intensity yet don't really need to exhibit their egocentric control over others. Numerous individuals who make proficient progress remain very unassuming in their ordinary life. Bailey and Dash (2006) Highlighted that Billionaire Warren Buffett has lived in a similar home in Omaha, Nebraska for more than forty years. Besides the very rich person stays focused on hand crafted qualities, for example, disregarding official payouts, abstaining from putting resources into innovation organizations and as often as possible condemning duty arrangements that advantage the rich. Having shown that some influential individuals don't really apply egocentric force the case as indicated by haddock (2006) there are numerous individuals that do utilize their conscience muscles once they arrive at a specific degree of intensity. This might be accomplished through takin g adolescent freedoms, through sexual strength over more fragile individuals or through creation amazing buys. Eventually step to egocentric force can be showed through any number of instruments. The topic of how the activity of egocentric force influences adherents can cover a wide range, attributable to the way that individuals react contrastingly to various treatment. Toward one side of the range individuals could react adversely to egocentric conduct, for example, making profound sentiments of frailty, negative confidence issues and so on. Anyway it could be contended that solid negative support from a pioneer could at last rouse the subordinates to perform better. Anyone who has prepared broadly for serious games would have likely encountered the impact of a mentor or mentor yelling evaluates and individual affront intended to propel the student to do nearly anything to win endorsement. Anyway it could likewise be that individuals basically don't react one way or the other and essentially not unequivocally influenced by egocentric conduct at all. The issue of whether a pioneer can effectively help battle the impact of intensity tainting it long and celebrated. As indicated by Tertullian as upheld by Wehner (2009) it was an old style Roman custom that officers would visit the roads after a military achievement (Much like the veterans marches today). Anyway in the Roman custom the Imperator (Equivalent to an officer) would be trailed by his hireling who might be paid to murmur into the ear of his lord â€Å"

Analyzing the Narrative Essay Example for Free

Breaking down the Narrative Essay It was the winter of 2006, in the long stretch of January, and my lesser year of secondary school. At this point in secondary school I’d had some idiosyncratic instructors and to be straightforward Mr. DeBruyn didn’t appear to be so interestingly unique yet obviously he had his minutes. English class started on a day when it appeared as though school ought to have been dropped due to the blizzardous climate prior that morning. Mr. DeBruyn had a propitious look all over then says, â€Å"We’re doing an in class composing task today however it’s not going to be in class†. The entire class stopped and hung tight for his next sentence. He advised everybody to go to our storage spaces and get readied to head outside. Everybody dissented and everything he could state is â€Å"you have three minutes, dress warm†, as though we wouldn’t! Back in the study hall we got our scratch pad decently well with our gloves, scarves, caps, and puffy winter coats to keep us down. The task was to expound on nature, not surprisingly, however this time from a direct encounter. We were to pick a specific part of what we state outside and examine how the day off winter climate influenced it, regardless of whether it be a plant, hedge, tree, or whatever. Once outside everybody was shuddering and freezing attempting to smack down notes as quick as could be expected under the circumstances. Mr. DeBruyn then pulled out an advanced camera and snapped a photo of the detect every understudy analyzed. Back inside everybody raced to complete an exposition of their uneven notes. I’d trusted it wasn’t worth a lot of our evaluation. A couple of months passed by and he hadn’t referenced anything about the task, nor gave it back to us. It was April now. He restored the task and nobody scored higher than a ‘B’, which was normal. He at that point gave us each a duplicate of the territory we contemplated, from the photos he had taken, and sent us back outside to reevaluate a similar spot. We were advised to re-compose the task and now illustratively analyze the two pictures and had the climate conditions caused the pictures to differ. Mr. DeBruyn turned out not to be so awful, in reality he was somewhat cool. I loved that he had tested us in interesting manners, and obviously so did every other person. Turns out, his imaginative training style contacted the hearts of a ton of understudies, not simply me. As verification, he was casted a ballot as the instructor to talk at our graduation. What's more, that is no little respect. The benefit of tending to the graduating class at their beginning activities is an immediate demonstration of to how much the educators is adored and increased in value by the class. The instructor picked, along these lines, is the person who has the best effect on the whole class. Furthermore, I unquestionably concur that Mr. DeBruyn has been a motivation, and I will never take a gander at winter a similar way again. The account of Mr. DeBruyn is a convincing bit of account, basic in its utilization of words, however exceptionally impactful and crude with feelings. The utilization of basic words and clear symbolism makes the material open to everybody. Nonetheless, while basic and profoundly available, the piece is similarly provocative, connecting with the peruser in philosophical insights, while perusing the piece and a short time later. Educators and understudies the same will discover exercises in the basic story of Mr. DeBruyn and the exercises about existence that he gives to his understudies. The most striking subject in the article is the idea of instruction being practice by the educator, Mr. DeBruyn. John Dewey, the incredible instructive thinker, once said that there is no preferred setting for learning over the setting of reality. Tragically, most classes offer unadulterated speculations with no presentation on how such hypotheses find down to earth structure in the reality. Specifically, Dewey’s thoughts on utilizing genuine errands and difficulties discover incredible hugeness in my group with Mr. DeBruyn.  The openings he gave the class to encounter genuine is really one exercise that everybody in that class will always remember. Educating is maybe one of the most important of all callings on the grounds that consistently you are allowed to make significant and enduring commitment to an individual’s life. Indeed the No Child Left Behind Act perceives the particular intensity of instructors in the learning procedure; to such an extent that the bar has been brought for educators up with expectations of improving the instructive framework. I accept that a major piece of the decrease in training is that most instructors have lost pride in their work. Educators must have a feeling of nobility of work. Tragically, when the work is hard and the cash is tight, that is effortlessly overlooked. All things considered, there is a dire requirement for changes, and the network should play a functioning job in causing instructors to feel increasingly esteemed through dynamic help and affirmation. By the single demonstration of catching winter and seeing the picture contrasted and another season, the class turned out to be increasingly mindful of their environmental factors and turned out to be progressively energetic about their general surroundings. In one solitary flash of brilliance, Mr. DeBruyn had the option to revive our feeling of marvel and revelation, things which are at the very heart of learning, and is fundamental for each understudy and educator to have, paying little mind to whatever subject is being instructed or learned. Obviously, of most extreme significance is the thing that I have gained from this class. On the off chance that there is one thing that I will convey from my involvement in Mr. DeBruyn, it is that you need to let your understudies start to lead the pack. As an educator you must be touchy to the signs that your understudies are sending you exclusively and on the whole as a class. Students will consistently offer you hints whether you are making the best decision or not. You must be prepared for possibilities and be set up to make on the spot changes. Let them reveal to you how they need to learn, on the grounds that they realize what they need from their instructor. I have figured out how to take a gander at things from every conceivable level and embrace my deduction from those points of view. In the event that I become an educator, I ought to never force myself on them; rather let them show me how they need to be instructed. This is a significant acknowledgment that I will consistently remember should I choose to enter the educating occupation. In reality while the facts confirm that understudies need to feel that somebody is in charge and answerable for their condition and sets study hall constrains yet looks after them (Wong, 2001), it is increasingly significant for instructors to let the psyches of the understudies take off in awe and disclosure. Obviously it has the right to be referenced that the things I have gained from Mr. DeBruyn goes past the study hall; more than showing a thing or two, Mr. DeBruyn showed us life. Much has been said about the honorability of the showing calling, and to be sure, the high feeling of obligation and oneself penances required from an educator consistently is nothing not exactly courageous. I see this direct in the tale of DeBruyn’s class. From this basic paper I have understood that instructive changes don't really need to cost anything. In reality, Mr. DeBruyn has indicated that it doesn't require some investment or cash to impact a change inside the homeroom. As what Mr. DeBruyn has appeared, all that is required is the enthusiasm for educating and real want to partake in the learning experience. It isn't troublesome, and all that is expected to return to the fundamentals. In the instructive procedure, all educators must be reminded that the learning procedure begins with what the youngster knows. Earlier learning is where new ideas are based upon. Accordingly, every instructor should start with the past exercise and associate it to the new material. Let the kid see the relationship and fabricate their own ideas. Along these lines the kid wins responsibility for he has learned in light of the fact that it was an aftereffect of what he definitely knows. These are the things I have had the option to think about, and it has had a significant impact in me as an individual glancing her place in the sun. From firsthand experience, I have seen the intensity of the instructor to make significant and enduring commitment to the lives of understudies. To be sure the instructor is the single greatest factor that decides the achievement or disappointment of the understudies to realize what they should. I have understood that the educator makes the climate that concentrates the class on their errands and keeps them occupied with the exercises. To be sure, every second is a chance to learn, and the instructor must make that open door for the understudies. (Mujis, 2005, 75) Understanding Mr. DeBruyn I have understood that Mr. Paul Trout of The Chronicle Review would be satisfied by his story. Mr. Trout, in her article entitled Shame on You, investigates instruction and advances that the more the study halls are dangers to the understudies spirit and prosperity. While Mr. Trout’s contentions might be legitimate, Mr. DeBruyn goes against Mr. Trout’s proposition. There can be recovery and groundbreaking motivation inside the four lobbies of the study hall. The negative perspective on the instructors and the school, while not unwarranted, isn't in every case valid. The nation over, instructors are having any kind of effect in the lives of understudies, each thoughtful word and consolation in turn. As indicated by Paul Freire’s Pedagogy of the Oppressed (1993),  â€Å"A cautious examination of the instructor understudy relationship at any level, inside or outside the school, uncovers its on a very basic level story character. This relationship includes a describing Subject (the instructor) and patient listening objects (the students).† This portrayal of Friere delineates a single direction connection among understudies and educators, and in that capacity, the exchange of information happens when the educator describes or utilizes words to instruct. Be that as it may, words, while very amazing and successful at starting change isn't the main device at a teacher’s removal. Genuine encounters go past any words to appropriately depict. Mr. DeBruyn demonstrated this by inundating his class in bona fide encounters, which didn't require much clarifying. It was a

Sororities @ MIT- Become a part of it!

Sororities @ MIT- Become a part of it! Times are a changin’ around the Institvte. This year, sorority recruitment has been moved from the last weekend of IAP to the beginning of the school year. This is a major change because most of the MIT sorority women that I have spoken to did not expect to join one when they first entered college, myself included. But after spending an entire semester at the school and meeting dozens of Panhellenic women, it became blatantly obvious that none of the five sororities on campus even vaguely resembled the national stereotype, so we decided to give recruitment a try. Since the incoming freshman will not have this semester to see what being in an MIT sorority is really like, I felt that I should explain why sororities are both socially and academically beneficial at MIT. Necessary background information…. (from the MIT Panhel website) Over 400 women are in sororities at MIT, making Panhel the largest women’s organization on campus. Sororities do all the following things: 1 â€" Academic: Each sorority has various academic resources for its members. Additionally, sororities provide underclassmen with programming about choosing majors, classes, and professors. Another great academic resource is the faculty dinners/teas that the sororities host. Faculty guests are invited to have dinner (or tea) with sisters in an informal setting. This is useful for underclassmen who are to make decisions about their classes and major. 2 Community Service: In addition to providing opportunities for sisters to go out into the community and volunteer, each of the sororities also hosts a large philanthropy event every year. Some of these events raise thousands of dollars and go to benefit various charities. For more information, check out the community service section of each sorority’s website 3 â€" Health and Wellness: It’s hard to stay healthy at MIT! Because of this, each of the sororities provide some basic programming for women. Additionally, Panhel as a whole sponsors healthy eating study breaks and various other sessions about staying healthy. 4 Social: Each sorority has a semiformal in the fall, and a formal in the spring. Also, sororities have mixers with fraternities throughout the year. Finally, sororities also sponsor social events that are open to the entire campus community. Be sure to look for advertising during the fall term for these events! There are 5 sororities on campus: Alpha Chi Omega, Alpha Epsilon Phi, Alpha Phi, Kappa Alpha Theta, and Sigma Kappa. Each sorority has a different group of women, living area, activities, etc., but they are all leaders in the MIT community and beyond. Four of the sororities have 80-100 members, the fifth, AEPhi, being the smallest. Three of the sororities have beautiful houses in Boston where some of the sisters live (for example, I still live in the dorm), and one occupies an area in a graduate dorm. All the sororities are part of MIT Panhel, which is our panhellenic association, and you can click here for more information on general sorority life at MIT. They all obey national regulations, including the prohibition of hazing and alcohol in the sorority houses. Seriously, these rules are very strictly enforced. My perspective: It probably comes as no surprise that MIT is an emotionally, mentally, and physically exhausting place. At midnight, when you look up from your desk in the Reading Room to see a row of empty coffee cups and Red Bull cans, it’s your friends who get you through the night. There are countless ways of developing your family-away-from-home, including dorms, extracurricular activities, athletic teams, and Greek organizations. Sororities are just one example of an MIT support network, yet it’s one that lasts long after your four years are up. Experience #1, an initially hesitant new member: “No one in my family had been greek, so pretty much everything Id heard about greek life came from stereotypes. I went through recruitment half as a favor to the affiliated women I was friends with and half as a joke (because in my mind, there was clearly no way I was going to actually join). But, halfway through recruitment, when I saw how different these women were from the stereotype, and how much they genuinely cared about each other and had fun in an environment as crazy and potentially-awkward as recruitment, I realized that maybe this was something I wanted to be a part of. So I joined (hesitantly), still not sure what I was getting myself into, and it ended up being my best decision at MIT. I moved into the house, served on the executive council, and met some of my best friends. I had amazing leadership opportunities, and got introduced to the most awesome people and experiences through my sorority. My sorority family is my h ome away from home in Boston.” Experience #2, a rising sophomore: “Being in a sorority made my second semester so much more enjoyable and successful than the first. Through my sorority, I have a network of friends to take my mind off studies when I need a break, as well as a group of girls willing to take time to explain concepts or lend me their notes from when they took the class. I love being in my sorority!” Experience #3, a recent graduate: “Sororities are fun, too! I found that being part of the greek network gave me access and a reason to interact with people I normally wouldnt have been able to meet or interact with. When you become an upperclassmen its easy to get locked into the same groups of people (those in your major, those on your sports team, those in your club). A sorority gets you out there to interact and just have fun with people you may normally not get to hang out with cause of your other obligations. By the time I went into recruitment I was thinking that I wanted to be in a sorority for all of the serious reasons, but it’s not all serious. People need a break from studying once in a while. People need friends that will support them through the non-academic times. I think sororities will give girls access to a more holistic experience while at MIT. More opportunities, and connections than one (who is not incredibly outgoing) would find by oneself.” As the testimonial above indicates, there are many social benefits of Greek life. Each sorority hosts different events throughout the year; for example, my sorority, Alpha Chi Omega, has an annual Fondue party (also, here) in the Spring, Apple Pie party in the Fall, and talent show/fund raiser for the Boston Area Rape Crisis Center during Spring Weekend. All the other sororities have similar events, like AEPhi’s Spaghetti Dinner to raise funds for the Elizabeth Glaser Pediatric AIDS Foundation and Chaim Sheba Medical Center, and Kappa Alpha Theta’s KAT Walk, which benefited the Court-Appointment Special Advocates. Within the sorority, we have weekly meetings, philanthropic projects, social gatherings, and annual retreats. The academic benefits of sororities are less publicized but equally important. “The sorority GPA average is higher than the general MIT average. In addition, each sorority provides many academic resources that you just can’t get anywhere else. Additionally, you need to maintain a certain GPA to be allowed to stay in the sorority, so academics are obviously very important.” (MIT Panhel) Many sororities also establish in-house mentoring programs, where upperclassmen provide tutoring to underclassmen, and scholastic achievements are celebrated and encouraged. You’ll often see groups of girls working on hard on a problem set while wearing t-shirts and sweatshirts embroidered with their sorority’s letters. (Click here to see “The Truth About Panhel”) Sororities often promote leadership, with many leadership opportunities available within the organization (i.e. President, Vice President of Community Service, Treasurer, Steward) and MIT. My sorority sisters have introduced me to a whole range of activities, from aquajogging to the Hippocratic Society. Individually, they have developed devices to make prosthetic legs for amputees in India, won national athletic championships, written novels, and started philanthropic organizations. For more evidence of the academic emphasis of sororities, take a look at several of my previous entries that highlighted the achievements of outstanding students. I am proud to call Ana Posada, Christina Royce, Hanhan Wang, Laurie Burns, and Minh Huynh-Le more than just friends, but sisters. I am constantly inspired by the breadth of activities and talents of my sisters. With this in mind, I would really encourage incoming female freshmen to at least go to the first day of recruitment, which is on September 1. Confused about what recruitment entails? “Recruitment is a mutual selection process designed so that you get the chance to see all the sororities at least once. During the recruitment period, you will visit each of the sororities and get a chance to meet many upperclassmen women. Then, sororities will decide who they want to invite back, and you will decide who you want to go back to. This goes on until the final event (called Preference), where you will be allowed to visit two sororities at most. After Pref, you will be asked to rank your final two sororities according to who you feel you fit in with best. The next day, you will receive a bid from one of your final two sororities.” (MIT Panhel) There are no strings attached, you can drop-out of the process at any time, but at least take the time to give it a try. You’ll meet a LOT of freshmen and upperclassmen (who are a great resource for any worries about adjusting to college life) by just going through recruitment, and who knows, maybe some of them will become your best friends. Recruitment Registration can be accessed through the Panhel homepage (http://web.mit.edu/panhel/www/) or directly at http://web.mit.edu/panhel/www/recruitment.html. If you have more questions, please e-mail [emailprotected] or call 617-869-7996. (Side note, for the parents!: I have recently spoken to several incoming freshman about sorority life at MIT, and while most of them have expressed interest, they were concerned that their parents would not allow them to go through recruitment. Parents, feel free to post any lingering comments and questions. You can also contact the adult Panhel advisors: Lauren Wojtkun ([emailprotected]) or Kaya Miller ([emailprotected]), director of FSILGs. Also, Panhel and Interfraternity Council are holding a Parent’s Brunch, where parents can come to eat yummy snacks and meet Panhel women from 12pm 2pm on August 26th on the second floor of the Student Center.)

The Internet Of Things ( Iot ) - 982 Words

Executive Summary Technology is quickly changing the way we interact with the world around us. The Internet of Things (IoT) refers to the ability of physical objects to connect to the Internet and to send and receive data.Introduction The Internet of Things (IoT). The IoT concept is difficult to define precisely. IoT can be define as the network of physical objects are embedded with electronics, software, sensors, and network connectivity that enables these items to gather and exchange data. Another definition for IoT is interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction in order to complete a system. In the Internet of Things, one things can be insulin pump that has the ability to send a record of person glucose levels. It also can be other natural or manmade item that can be assigned an IP address and has the ability to exchange data over a network or the Internet. Many of IoT practical technology applications can be found in industries such as precision agriculture, building management, healthcare, energy and transportation. Some examples of IoT are wearables, a smart home, medication dispensing service, embedded data collector, and a smart waste and recycling system In this report, I will focus on IoT devices that are sold to or used by consumers. Some of these devicesShow MoreRelatedThe Internet Of Things ( Iot )892 Words   |  4 PagesThe Internet of Things (IOT) The Internet of Things (IOT) is said to be the next new revolution after the mobile devices. IOT is simply a technology that allows the interconnection of billions of devices to each other so as to provide more intuitive insights. This works to help both individuals and companies revolutionize their data and make life better. According to Mayer-Schà ¶nberger Cukier, (2013), â€Å"the Internet of Things envisions a self-configuring and adaptive complex system made out of networksRead MoreThe Internet Of Things ( Iot )911 Words   |  4 PagesThe internet of things (IoT) is comparable to the internet in how it provides communication connections over a large area public network. The internet is used to connect people to each other using device connections to a main stream network. The IoT is currently a conceptual construct of a network system working as a conduit to serve as a direct line of communication for multiple electrical operated objects. In theory if an object has an on/o ff toggle switch, then the object will eventually be ableRead MoreThe Internet Of Things ( Iot And The Internet1141 Words   |  5 Pagessecurity, known as the internet of things (IoT), covers the boundaries of the net to include an extensive range of computing devices. Linking a wide array of IoT devices to the Internet presents many challenges. Due to the gathered data being exposed to a widespread amount of internet users, the main challenge is security. Most IoT devices on the market are low-tier and have limited functionality, because of this, many standard security strategies cannot be implemented to secure IoT systems. This leavesRead MoreThe Internet Of Things ( Iot )1666 Words   |  7 PagesContents Internet of Things (IoT) 2 Definition 2 Introduction 2 Current State of IoT 2 Building Blocks 3 Marketing Challenges 4 Finding a receptive audience 4 Articulating the value 4 Getting the buyer up to speed 4 Marketing Strategies 5 Know the Customer 5 Sell the benefits 5 Expand Sales Touchpoints 5 Adopt a consultative approach 5 Conclusion †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 Internet of Things (IoT)Read MoreThe Internet Of Things ( Iot )1750 Words   |  7 PagesExecutive Summary The Internet of Things (IoT) is known for wearable gadgets such as the new Apple watch or fitness wearables such as Fitbit. Information is gathered from these devices and displayed on users’ computers and smartphones, to let consumers track such things as fitness. There are devices for the medical field to help patients track vital signs and have those transmitted to their doctors back at their offices. Rivera Goasduff (2014) suggest the Internet of Things (IoT) is forecast to reachRead MoreThe Internet Of Things ( Iot )1950 Words   |  8 PagesAbstract Abstract—The Internet of Things (IoT) is a next generation technology aiming to improve daily life by operating intelligent sensors, actuators and smart objects together. Massive deployment of sensors is taking place covering enormous applications such as healthcare, smart cities, smart grids, home automation, car safety†¦etc. The use of IoT shed light to the urgent need for applying the aspects of trust and security. 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In recent years, its ability to sense the data has increased tremendously, which increases the prospects of IoT applications useful to humans. Machine learning will play a big part to help IoT derive sense from raw data andRead MoreSurvey Of Security On Internet Of Things ( Iot ) Essay1742 Words   |  7 Pages Survey of Security in Internet Of Things(IoT) Jacquelyn Rapose School of Computing Clemson University Clemson, USA jrapose@g.clemson.edu Abstract— The Internet of Things (IoT) is a technology that has transformed our daily lives because of its distributed and ubiquitous nature. Security and privacy issues exist with the use of the IoT and must be addressed. In this paper, I discuss some of the security challenges that the IoT architecture has to address. I also compare the challenges that wereRead MoreTaking a Look at the Internet of Things (IoT)2143 Words   |  9 Pagesof the Internet as a set of connected computer devices is changed to a set of connected surrounding things of human’s living space, such as home appliances, machines, transportation, business storage, and goods etc. The number of things in the living space is larger than the number of world population. Research is going on how to make these things to communicate with each other like computer devices communicate through Internet. The communication among these things is referred as Internet of Things

The Impact Of Censorship On The Global Economy Essay

Economic Warfare We’re living in hyper-connected world, where effective censorship is difficult to maintain for long. Even state secrets, sooner or later, will leak out and become widely available in the internet. The head-liner scandals of Manning (Sledge, 2013), Snowden (Franceschi-Bicchierai, 2014), and Clinton (Carson, 2016) amply illustrate this. What’s more, even isolated military misconducts, like the â€Å"2007 Baghdad airstrike,† (McGreal, 2010) are quickly leaked online and shape public sentiment. As a result, it is becoming increasingly harder for any government to rally support for any military engagement. For example, even though the US people’s perception of Syria is worse this year than it was a year ago, still 59% of the population don’t wish the government to get more involved (Polling Report, 2016). As a result, the USA and the EU try to compensate through their influence over the global economy. â€Å"Since 2005, U.S. policymakers have increasingly turned to sophisticated types of economic sanctions as a foreign policy tool of first resort. From the development of banking sanctions limiting Iran’s ability to secure financing from Western capital markets to new sanctions targeting Russia’s financial system and the development of its oil resources, U.S. policymakers have touted these innovative tools as extremely powerful while also being tailored and precise.† (Feaver Lorber, 2015) So, why economic warfare is problematic? Economic warfare is exactly what it soundsShow MoreRelatedPowerful Issues Caused By Media Censorship And The Harm It Does On The Development Of A Globalized Society1493 Words   |  6 PagesIn our modern world, most world leaders tend to argue against media censorship and the suppression of one of our most basic human right, freedom of expression. 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Outline the Key Principles of Natural Law Free Essays

Jamshed Masjedi Outline the key principles of Natural Law Let’s start off with a definition of Natural Law: a moral code existing with a purpose of nature, created by God. Aristotle theory of purpose inspired St Thomas Aquinas to develop his idea of Natural Law to present a rational basis for Christian morality. Aquinas developed an absolute and deontological theory which states that certain acts are innately right or wrong. We will write a custom essay sample on Outline the Key Principles of Natural Law or any similar topic only for you Order Now Natural Law directs people to their great purpose, and can be deduced through reason. Good acts are those which enable humans to fulfil their purpose, and are in unity with the primary precepts. Through Aristotle’s idea that everything has a purpose (theory of causality) and we have a purpose to do good and avoid evil and seek happiness and fulfilment in life (eudaimonia), Aquinas started by trying to work out what the purpose of human life was. Aquinas developed the primary precepts which follow from this idea. The Primary precepts are connected with preservation of life, reproduction, education, living in a society and worshipping God. These Primary precepts can then be developed into secondary precepts as practical human rules that govern our daily behaviour. For example from preservation of life, one could argue someone who is in desperate need of organs or bloods would be correct. This could lead to a secondary precept of you donating your organ(s) to saves lives of other. Another example is about reproduction linking it genetic engineering with Natural Law suggesting that humans have an essential nature and manipulating it, through genetic engineering, is conflicting to the natural order of things and so is wrong. Aquinas developed four kinds of law: eternal, natural, human, and divine. Eternal law is humans being not being able to know gods intention. Natural law is humans with a natural sense and the discovery of reason. Human law is some sort of man-made law with the natural law supplied by the government to the societies, and divine law is the specially revealed law in the scriptures. The main aspect of Natural Law theory is that it relies heavily on reason. It can be discovered by anyone, regardless of any religious alignment. For this reason it is universal and not a relativist argument but an absolutist argument. Reason is used in order to establish how we should live our lives. We use our reason to fulfil the requirements of the primary precepts and therefore to achieve our aim of doing good and avoiding evil. If everything is created for a purpose, human reasoning in examining that purpose is able to judge how to act in order to conform to that purpose. Thus, the role of reason plays a huge part as Aquinas states â€Å"To disparage the dictate of reason is equivalent to condemning the command of God. Hence, humans shouldn’t be trapped by their desires and that the duty of a Christian is alike to the duty of an atheist or agnostic. Reason is the superlative human asset that ultimately separates us from animals. However, if human reasoning is misguided it could lead us to the wrong moral choices such as following ‘apparent goods’ which could leads away from Natural Law rather followi ng ‘real goods. ’ An example of an ‘apparent good’ is getting drunk or taking drugs as it seems like we are doing a good thing in the short term however, on the long term, it’s not. Or as a rather deeper example, perhaps we can consider that Hitler with his misguided belief about Jews, seeking an apparent good to remove them, in the end, it wasn’t such a wise move. Jamshed Masjedi For Aquinas, both the intention and the act are important. According to Aquinas, God knows the secrets of our hearts and thus, our actions must be interior rather than exterior. The purpose behind an act gets recorded. For example we should help an elderly person cross the road because it is the honest thing to do not because to gain admiration of others i. . someone watching nearby. It is said that if humans act towards this way, it’s said that god is glorified. Is this theory relevant to the 21st century? Many theories have been created 10 years ago, 100 years ago or 1000 years ago that still shape and dictate our society today, since it’s the 21st century, many theories have been developed and improved, but as far as questioning the theory of natural law and ità ¢â‚¬â„¢s standing, it’s a theory holding major significance around the world today. For example the Roman Catholic Church supports the theory with them making the primary precepts into absolute rule thus, meaning no room for negotiation. Natural Law has many benefits to society and for individuals. Since it’s an absolutist argument, it provides moral foundation to rules with clear guidance at all times. Most individuals are in favour of Natural Law because it offers a universal code. Most people believe in preserving life, education etc. On the Flip side, Natural Law theory cannot seem to get at certain individuals. It relies to use reason correctly, however, it is fair to say that we do not all have the same ability to reason. If we do, everyone can come up with the same conclusions and decide what’s right and wrong. The precepts are to be looked when one finds them in a situation, but this also is disputed. Homosexuality is a common example of something that Natural moral Law is unable to provide a succinct response to. Furthermore, in modern forms Natural Law does not allow room for negotiation because the Roman Catholic Church has made the secondary precepts into absolute rules. The book of Genesis seems befuddling with Natural Law. It’s inconsistent with the story of the Fall. Genesis 3 teaches that that human reason was separated from God Through sin. Thus, if our reason is corrupt then how can we deduce God’s purpose? Society can never guarantee people’s safety but with the theory of Natural law, it’s open in arms for offering protection, therefore will always be relevant. Furthermore, natural law is a good guide for the believers in God. Natural law will provide an instructive and dependable guide to moral behaviour. The Roman Catholics Church is in favour of Aquinas’s brilliant knowledge of reasoning in the Natural law. What’s more, Aquinas himself was a Catholic and so, some might question from whom is it relevant to? It can hardly be claimed that Natural Law ethics is irrelevant to Roman Catholics. Linking to situation ethics, Natural Law would be helpful when making a logical decision depending on the situation a person’s in and with its deontological and absolutist status, it would also create guidelines to follow for all especially for individuals or societies wanting the absolute right and wrong. Due to the adaptation in the 21st century, the Natural Law theory is always going to be controversial. I think the most usual criticism for during our time is that it may be too inflexible over major issues. There is no direct reference to issues, for example like abortion or euthanasia. Others might argue that the theory is too old and other types or similar systems of ethics are better that the Natural Law theory. For example, if Aquinas could have been wrong about the primary precepts, he could have also been wrong about the secondary precepts. Finally, I believe this could be the strongest negative assessment of Natural Law, is that this God-based ethic may no longer be relevant to, what is an increasingly secular society. On the whole, I believe that taking both arguments in on the balance, Natural Law has become not irrelevant, but less relevant, because the modern definition of human nature is much wider than that offered by Aquinas. Natural law is based purely on deductive, rational reasoning. This makes it an objective theory, it is not open to interpretation – should everyone reason correctly we should all come to the same conclusions about what is right and what is wrong. We can see this in action around the world, with many societies sharing common beliefs about morality – this is strength of the theory since there is evidence of a common system of morality in place, although that is not to say the universal theory is natural law Natural Moral laws relies on our ability to reason correct, that is to use casuistry to deduce the correct action based on how it fits in with our precepts. However, it is fair to say that we do not all have the same ability to reason. Whilst Aquinas maintained that all humans were equal he did say that some were better at reasoning than others and therefore we should practice our logical skills so that they become habitual. This is fine to an extent, but if we were to encounter a totally alien situation we would have no prior experience to draw reference from, and so our ability to decide the right course of action would come down to our individual ability to reason correctly In such a situation we should stick to the precepts; since they are logically sound, but even these can be ambiguous. Homosexuality is a classic example of something natural moral is not able to provide a succinct response to. On the one hand we can say since homosexuality doesn’t lead to procreation, and so it is a misuse of humangenitalia, but on the other hand we can say that since it is pleasurable, that pleasure is there for a reason. How to cite Outline the Key Principles of Natural Law, Papers

The Ladder Essays - , Term Papers, Research Papers

The Ladder The Ladder A brisk autumn wind combing through my hair and the early morning daystar barely peering over the roof of the brick high school building at 7 oclock. The day, three years ago in the tenth grade, seemed so much like all the other days. If only I knew that my experience that day would change my insight of how the world operates, at least the small world I was living in at the time. In rural areas, it is common to see underage drivers cruising down the road in a beat up pick-up truck. To see a boy at school with a pocketknife was even more common. Well, it just so happened that I was a boy with an Uncle Henry pocketknife on that ordinary fall day. I, and everyone else, knew that it was against school policy to have a weapon, even a pocketknife. No one said anything because no one cared. I used my pocketknife as a handymans apparatus. I used it to cut, open, pry, screw, or whatever else. It was my tool, and I usually didnt go anywhere without it. However, I wished I had left my multi-purpose gadget at home that day. The day started going bad when an enemy of mine, an upper classman, Justin, was hanging out in our territory. He and I never really got along. He was thuggishly leaning up against the brick building in his shoddy tennis shoes, faded Levi jeans, and an un-tucked, tacky-worn shirt. Just the sight of him made me want to bruise him up a bit. He broke the silence with what seemed like an eruption from his benighted brain. How come you get here so early? he asked, with an unnerving grin remaining on his face. Plainly, almost in monotone, I replied, I have to. My mom has to go to work early. He questioned me again, Why dont you get a job and buy a car? He was already getting on my nerves, so, I replied sharply, I dont even have my license. And where can I work around here? I cant drive to work anyways. He then started the trouble. He said, Whatever, you are just a big mommas boy and a spoiled brat at that. I quickly replied, Youre not going to think that when I cut your balls off with this knife, simultaneously bringing out my knife and opening the small 3 inch blade. And this little blade is all it will take! He walked away mumbling nonsense under his breath. I replaced my Uncle Henry and continued my day to my first class. I then continued my daily journey on to second period. My routine, however, was suddenly interrupted at the end of second period. I was summoned to the office. I was totally shocked and had no idea why I had to go. The minor incident with Justin had completely slipped my mind. My useful companion had cut my way into the office. I was sure of the wan, concerned expression on my face; I was concerned about the severity of my punishment. Sitting in the office chair, slightly slouched, my Adams apple swelling, nearly constricting my breathing, I wouldnt move because of the high pitched noise that the vinyl chair made. I felt that the punishment was already being enforced. Coach Taylor, the assistant principal, stared at me with a troubled demeanor. He asked, Mr. Ragsdale, is it true that you have a weapon of some sort in your possession? No, sir, I answered solemnly. Well, he started, in a matter of fact tone, I have received an accusation from an anonymous source that you have a pocketknife. Is this true? Still somber, I replied Yes, sir. Could you give it to me, please? he asked. Yes, sir, I said while handing my gadget to him. Thank you, he said, seeming satisfied. We then took a trip to Mr. Reeds office, the principal. Coach Taylor, Mr. Reed, and I were in a confined space, surrounded by two dead deer, two dead ducks, a dead goose, a dead bobcat, and a dead fox squirrel, all of which were looking at me. Mr. Reed began his speech, probably unheard by Coach Taylor and himself, and surely unheard by me. His empty words about what

Parent versus Son Conflict in Go Tell It On The Mountain Essays

Parent versus Son Conflict in Go Tell It On The Mountain Essays March 4, 2015 Eng. 003 Literary Essay Parent versus Son Conflict in Go Tell It On The Mountain In any father and son relationship, animosity from the father can be the sons detriment. In James Baldwins Go Tell It On The Mountain, there are two sons, Roy and John, under the father-ship of Gabriel Grimes. As we all know, there is always some type of favoritism amongst children and their parents. With favoritism, you know one child gets treated better than the other and leaves the other child feeling neglected. With The Grimes, Gabriel favors Roy more than John because that is his biological son and Gabriel sees Roy, as his new chance to raise a good son because his illegitimate son was killed. The conflict between Roy and Gabriel was very unexpected because he was looked at his favorite. Baldwins proposes a sense of conflict within a parent and son relationship, which has a profound impact on both the sons. Even under the strictest parental control, children can still be rebellious. Dont you slap my mother. Thats my mother. You slap her again, you black bastard, and I swear to God Ill kill you. This quote describes Roy defending for his mother. Gabriel is in disbelief at his son saying this to him because he overlooked Roys capabilities and it shocks him because it was unexpected. Due to his anger, he slaps his wife across the face with all his might. Roy tries to stand up and defend for his mother because of Gabriels anger. Referring to all the stereotypes we hear about men and women, a man is supposed to be the protector of his family, fighter and defend himself; a woman is meant to be a stay-home mom, housewife and take care of her wifely/motherly duties. I believe that Gabriel lives by this because he expects his wife to take care of the children, tell them what and what not to do, cook for the family and clean the house. He thinks if he works hard, does right by keeping the family religiously and raises them correctly then he should not have to come home to his wife not cooperating as she is supposed to. He bashes her and says cruel things because Roy had been stabbed and thinks it is her fault that he was stabbed because she was not doing her motherly duties. The relationship between Gabriel and John is essential to the plot. The hatred between them is mutual which results in a lack of understanding each other. Gabriels secret of illegitimacy is not revealed to John, which results in a loveless childhood. The main reason for Gabriels mistreatment towards John is because he is not his biological father. There was also a sense of figurative conflict in the last section of the book, The Threshing-Floor, where it represents an internal battle between good and evil. John had found himself lying on the floor looking up to God. Something in his body moved him because he had heard a voice insisting him to rise so he could spiritually leave the church but he just felt powerless, he could not rise even if he wanted to. During his visions, John struggles trying to concentrate because he was distracted by how his father dominates his life. John sees his father looking down on him very foul. Set thine house in order, for thou shalt die and not live. T his quote represents Gabriel speaking negatively to John while he was trying to rise. It demonstrates how adversely he impacted Johns life because he didnt approve of him at all. The ironic voice speaks again and says, Get up, John. Get up, boy. Dont let them keep you here. You got everything your daddy got. This quote explains that after John hears this voice, he knows that he is saved because something takes over his body. He finds himself speechless because of what just happened but the congregation sings for him and his new found deliverance. He feels the sense of security because he knows he is finally one of them. His mother was proud of him but on the other hand of course Gabriel gave him a stolid look

Prime Marks

Prime Marks Prime Marks Prime Marks By Maeve Maddox A reader commenting on a recent post about the En Dash introduced me to a punctuation term that was unfamiliar to me: â€Å"the prime mark†: Heres one for you: teaching about the apostrophe versus the prime or foot mark. Same with the quote marks versus the inch marks. I can only guess that this reader must teach students in specialized fields like mathematics, science, or linguistics, in which prime marks serve important purposes. Like the apostrophe, the prime mark (or two or three) is placed at the upper right of a number or other symbol. Unlike the apostrophe- which is vertical- the prime slants in the direction of the French accent aigu in the word à ©levà ©, but it doesn’t lean as far to the right. Now that I know what a prime mark is and how it differs from an apostrophe, I plan to continue using apostrophes and quotation marks on the rare occasions I want to abbreviate feet, inches, hours, or minutes. I can think of only two common uses of prime marks that one might see in a general publication: 1. To indicate feet and inches, as in this example from a feature in The Telegraph: At 6’5† [sic] Gareth May is no stranger to the giant jibes.   2. To note latitude and longitude, as in these coordinates for the city of San Francisco, California: Latitude: 37 °46†²29†³ N Longitude: 122 °25†²09†³ W A third use that I am familiar with is to indicate hours and minutes. For example, when timing a speech, I use the notation 1’15† to indicate â€Å"one hour, fifteen minutes.† In this context, seconds don’t concern me. Then there’s the ditto mark. Apparently it differs from the double prime in some way because Unicode defines them differently, but most people use quotation marks when they want to use ditto marks to repeat items in a list: Item 1 ream paper red blue green In specialized contexts, distinguishing between apostrophes, quotations marks, prime and double prime may be crucial. In general usage, however, apostrophes and quotation marks work just fine. One concession a writer can is to use straight apostrophes and quotation marks instead of the curly ones. For all you can possibly want to know about the significant uses of the prime mark, explore the Wikipedia article â€Å"Prime (symbol).† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Punctuation category, check our popular posts, or choose a related post below:7 Examples of Passive Voice (And How To Fix Them)3 Types of HeadingsPlurals of Proper Names

The Simulator-Manual Paper Essay Example | Topics and Well Written Essays - 1000 words

The Simulator-Manual Paper - Essay Example :   Ã‚   This is a sample experimental run file   Ã‚   Seed: 0  Ã‚   Algorithm: FCFS Group Processes First Arrival Interarrival Duration CPU Burst I/O Burst 1 8 2.0 constant 4.00 uniform 8.00 14.00 constant 10.00 constant 6.00 Experimental Runs For 1 Experiment Experiment Commentary Run Modifications myexp This experiment contains 1 run myrun_1 algorithm FCFS key First Come First Served Starting run from experiment myexp Tue Feb 21 05:07:29 EST 2012 Starting run from myrun_1 Starting to run events using FCFS 40 events done in 18 milliseconds Event List at Time 86.58 Process  Scheduling  Simulator version  1.100L288  by  S.  Robbins   supported  by  NSF  grants   DUE-9750953  and  DUE-9752165. ... 1  05:07:32  EST  2012 Event  list  size  is  0  at  86.58 Tue  Feb  21  05:07:33  EST  2012 Number  of  new  processes  0  at  time  86.58 Tue  Feb  21  05:07:34  EST  2012 Number  of  waiting  processes  0  at  time  86.58 Tue  Feb  21  05:07:36  EST  2012 Number  of  processes  8  at  time  86.58   ID  Ã‚  Ã‚  State  Ã‚  Ã‚  Started  Ã‚  Ã‚  Finished  In  CPU  Ã‚  Ã‚  Ã‚  Ã‚  Used  Ã‚  Ã‚  Ã‚  Total  Ã‚  Waiting   Ã‚  1  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  2.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  43.10  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  2  Ã‚  Ã‚  Ã‚  12.44  Ã‚  Ã‚  Ã‚  12.44  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  22.66   Ã‚  2  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  6.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  76.72  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  2  Ã‚  Ã‚  Ã‚  13.62  Ã‚  Ã‚  Ã‚  13.62  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  51.10   Ã‚  3  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  10.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  31.52  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1  Ã‚  Ã‚  Ã‚  Ã‚  9.52  Ã‚  Ã‚  Ã‚  Ã‚  9.52  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  12.00   Ã‚  4  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  14.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  40.66  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  1  Ã‚  Ã‚  Ã‚  Ã‚  9.14  Ã‚  Ã‚  Ã‚  Ã‚  9.14  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  17.52   Ã‚  5  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  18.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  86.43  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  2  Ã‚  Ã‚  Ã‚  10.42  Ã‚  Ã‚  Ã‚  10.42  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  52.01   Ã‚  6  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  22.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  86.53  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  2  Ã‚  Ã‚  Ã‚  10.10  Ã‚  Ã‚  Ã‚  10.10  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  48.43   Ã‚  7  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  26.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  86.58  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  2  Ã‚  Ã‚  Ã‚  10.05  Ã‚  Ã‚  Ã‚  10.05  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  44.53   Ã‚  8  Ã‚  Ã‚  done  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  30.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  86.01  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  1  Ã‚  Ã‚  Ã‚  Ã‚  9.29  Ã‚  Ã‚  Ã‚  Ã‚  9.29  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  46.72 Tue  Feb  21  05:07:37  EST  2012 Number  of  ready  processes  0  at  time  86.58 Tue  Feb  21  05:07:38  EST  2012 Number  of  finished  processes  8  at  time  86.58   ID  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Started  Ã‚  Ã‚  Finished  Ã‚  CPU  Total   Ã‚  Ã‚  3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  10.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  31.52  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  9.52   Ã‚  Ã‚  4  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  14.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  40.66  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  9.14   Ã‚  Ã‚  1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  2.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  43.10  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  12.44   Ã‚  Ã‚  2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  6.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  76.72  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  13.62   Ã‚  Ã‚  8  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  30.00  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  86.01  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  9.29

Context Research Essay on Charge of the Light Brigade

Context Research on Charge of the Light Brigade - Essay Example The poem is based on the Crimean war in which the Russians, British, Russian French and Ottoman Empire participated (Donner 5). The war took 3 years and the combatants were fighting for Ottoman territory that was in a decline at the time. The events are actually based on a true story of the light brigade, which was supposed to pursue and capture a Russian artillery train, but instead ended up being sent to the â€Å"Valley of Death† (Tennyson 7, 16); so named because it was an ideal kill zone as they were heading directly towards a heavily fortified Russian defense. The soldiers understood that there had been a mistake and the Commander had blundered but like true British soldiers, they stuck to their orders and never questioned them marching gallantly to their death. In the contemporary setting, the poem is so popular because it reflects the expression of courage under fire and impossible circumstances and the ability of the British army to prevail bravery even in the face of death (Rumens). Many of the soldiers were cut down and historically it is approximated that over 247 out of the 600 soldiers were killed. This is not very much unlike the situation that was replicated in the recent Afghan and Iraq invasions in which hundreds of soldiers died in wars that coud as well have been needless but they were just following orders. The peom is thereore likely to appeal to the modern audience especially in lieu of the fact that the cause of the deaths could be attributed to a miscommunication between the solders and the officers. The phrase â€Å"valley of death† appears to be an allusion from the bible in psalms when David says he will not fear to walk in the shadow of death, the soldiers appear not to fear the danger of death because they hav e faith in God. In contrast with psalms, the subjects in the poem had unwavering faith in their leader but

System Analysis And Design Learning Outcome

System Analysis And Design Learning Outcome Before getting into detail, it is important to understand the concept of System Analysis and Design. It is a study of interactive entities, including computer system analysis and designing the process of defining components, modules and etc. In this assignment I will work on the following three different phases. Each phase will cover the related content in detail. In the first part we will understand the different system life cycles models. In this part, I will discuss different life cycles and will discuss the importance of a following a procedural/staged life cycle in a system investigation. In learning outcome 2, I am going to explain the feasibility report, feasibility study and impact of different feasibility criteria on a system investigation for a particular garment shop. The purpose of feasibility study is to find the solutions or to investigate the tasks requirements, referencing this I will discuss the contents of feasibility report and when to use the feasibility study Third learning outcome is to be able to perform a system investigation in this we will undertake a system investigation to meet a business need. Use appropriate system analysis tools and techniques to carry out a system investigation. Then I will create documentation to support a system investigation and at last I will evaluate how user and system requirements have been addressed. In this assignment, each issue process would be discussed in detail to understand the basic concept. Task-1: (a): Waterfall Model: It is a very useful model which is widely used and its easy to understand as well, its a sequential design process which is flowing steadily downwards like water. It is a step by step process, if we will find any error so we would check from backward instead of directly going to that point of error. The following diagram shows the steps. images Analysis and Gathering Requirement: In this first step of waterfall model, the developer has to conduct a meeting with the costumer to know about his requirement for the software. He discusses the things in details and analyzes the whole project system and then collects requirements based on software development. System Design: In this stage based on the requirements he has collected, he will make a rough model so that the software process becomes easy for implementation. After this stage they would have documentation so that it would be easy for the user to understand. Detailed Design and Coding: In this step the developer will make an actual model of software. The developer sees the problems in details. And if there is any error they would check and correct that which is also called coding. Testing: After implementation the developer sees the software weather it is working properly or not then he will do the testing. Delivery: This is the last phase, in which the developer correct all the errors and he will hand over the software to the client. Merits of Water Fall Model: This model is easy to understand for the user. It is good for small projects where requirements are well understood. Waterfall model is preferred in projects where quality is more important than schedule or cost. Demerits of Water Fall Model: It is costly and time consuming. If we want any change we have to go from below so its difficult. Not suitable for difficult or moderate projects. (b) Some of the models that dont have specific structures are: a) Code and fix: Its very easy and simple kind of model and consists of two steps. a) Write coding to the program b) Fixing the problem in that code This model is very simple as it doesnt need any proper team work, and each one would not be able to convince his point to the others so it saves time by fixing errors in the early ages. Merits of Code and fix: It is actually less time taking. Easy to use. Good for small projects as risk is reduction. Demerits of Code and fix: Its difficult to detect the errors. No time limits. Difficult for the large projects. b) Rapid prototyping: In this model the costumers are not familiar with the software so they dont know what kind of program they actually want. It is one among the easiest and user friendly model. It does not require any team work. It will be easy to understand for non-technical management. a) The developer will do that phase or step first according to the customers wish. b) The developer will do that step first which is easy and the phase which is difficult that part he will do at the end. Merits of Rapid Prototyping: a) Less chances of risk of incorrect user requirement. b) Its a user friendly. c) The developer can save the changes and it is easy to change the changes. Demerits of rapid prototyping: The developer only can make the project for just one company. Very expensive/costly. c) Cots: (Commercial off-The Shelf Software) This is the easiest and cheapest model. In this model the developer takes the model which already is exists and they make changes in that same model only according to the user requirement. Merits of cots: a) It is a well worked model. b) It has to make changes minor. Demerits of cots: a) When we put it on internet, we face problems because the internet asks for the security code. d) Agile (XP) Manifesto: This model is used for companies only. In this model, the developer wants the team for the other skills to complete the project. Communication must be there with the client. It is easy for the developer to make changes in the software from start to the end itself. The developer gives all the updates to the client about the software. Merits of Agile: a) It is easy to make small projects. b) Main aims to final the product. c) The company can test for a good result in every week. Demerits of Agile: a) For this model it is difficult to make large projects. b) We should need to have proper planning and documentations. c) If the program will make in pairs then it will be much costly. 1.2) (a) SDLC (System development life cycle): images The System Development is consists of the following stages: a). Preliminary Investigation: The developer has to spend for some days to understand the problem; he can install the proper system. In this stage, the developer collects all the information available for the system which they need and he is also gathering the whole workers with him to collect the requirements for the system. b). Analysis of the Requirement: The developer understands the information and functions of the software which all he requires for the system. He briefly goes through the requirements and to develop the performance of the system. He also wants to get more information and resources to build the suitable system. c). System Design: The developer makes rough designs on paper or on the computer, to check whether the rough image of system includes all the requirements or not. Once this stage done, then he will choose and finalizes the suitable designs for the development of the system. d). System Coding: The developer translates the code or the program in machine language so that it can be readable easily. The coding step is time spending and it has many errors. e). System Testing: Once the programming stage done, then he tests the systems whether it is working according to the clients needs or not. And he corrects the error if there are any. f). System Implementation: This is the most important phase. In this stage the developer finally gives the system to the client and expecting for a positive response. g). System Maintenance: In this last stage, the developer wants to maintain the system and checks whether its working in the way he made it or not. Then he again maintains the system by removing the defects of flaws if happened. 1.2) (b) Rapid Prototyping: I would prefer rapid prototyping life cycle model to develop software for university works because it is one among the easiest and user friendly model. It does not require any team work and even for the non technical management it will be easy to understand. At each stage of development the progress details has to submit to the management. Here instead of presenting report we submit rough model. It will be more convenient as the management could see the development physically rather than theoretical documents. In universities any time there could be change in system or introduction of new courses. So if the management demands change in the software developing in the middle also it can be done easily. It indicates advantage over other models because complex models like water fall or spiral, if user demands changes it will be great loss because they have to follow step by step procedure and then make changes. It will consume more time and cost high. As this model is completely customer oriented theyll proceed only after the management finds satisfaction. LEARNING OUTCOME # 02 2.1 a) Feasibility Report: It is the end stage of a feasibility study. It verifies the effect of the changes suggested in feasibility study. This report used by management is brief and nontechnical to be understandable. In other words, feasibility report basically the report which gave the advice weather the project is feasible or not. Basically the report contains the summary of findings and recommendations, followed by documentations. The components of the feasibility report are the following: a) Cover letter: presents the report formally and indicates the findings and changes to be made briefly to the management b) Table of contents: an index to understand the location of each and every part of the report. c) Overview: it explains the reason for undertaking a feasibility study and includes the people affected by it and the names of the persons who conducted the study. a) Detailed findings: provides the details regarding the present system and its defects. b) Economic Justification: Here detailed cost comparison and cost estimations are presented. c) Recommendations and conclusions: Here the proposed changes and its effects on present system all are mentioned and as per the study a conclusion is provided for the report. d) Appendixes document to provide all the necessary documentation within the report for reference. b) Feasibility Study: The purpose of feasibility study is to find solutions or to investigate the tasks requirements and to determine whether its worthwhile/feasible to develop the system, collecting data or analyzing that how the project will be operate, relating it consulting the recommended business requirements. In other words, a feasibility study can help us to confirm the outcome of solution we are unaware off. A feasibility study becomes necessary when sometimes the customer is not an ideal customer. Thus it becomes necessary to confirm the assumption of project based on the client ideas. In expense terms its better to have feasibility than making poor decision from improper analysis. We should have basic information about business ideas to make the study best. We should know one or more business models or scenarios that might be used. Sufficient investigation about these models should be conducted to determine viability. A feasibility study cannot be just conducted by making few calls. For this early investigation is done before the study. For this we can seek committee member of business itself or consultant. It starts with the marketing feasibility to confirm if the present idea influences it by checking their current marketing. Its then proceeded by technical and financial feasibility by checking resources, location, current availability, budget of the project etc. since its essential to analyze before starting a project. If the idea goes with market availability, we can proceed with feasibility analysis and use it for feasibility study. 2.2) Impact of Feasibility Criteria on a System Investigation for a Garment Shop: Before starting up a garment shop a feasibility study can help us in increasing chance of our success by analyzing our ideas, shop localities, types of clothes, management staffs etc before starting. Let us discuss about the feasibility criteria on garment shop on social, economic and time scales. Social Factor: The garment shop is a socially responsible business; it has the responsibility to form a good impact on the environment as well. Earning profit is not only the aim of the project but also to provide a healthy environment with proper clothing. Considering in social basis it is necessary that the garment should variety clothes belonging to different cultures, such as western and eastern out fits. While checking viability of the project, it is necessary to include aspects like how it will work in the market, how it will differ from other organizations and how long our idea will be effective. Well profitability cannot be judged during initial months as competitions are there in all fields and shops like garment shop can provide high cash returns if it attracts customers for quite long. Economical Factor: On economic basis it is a preliminary analysis in order to determine our idea is effective. Before doing analysis there are certain criteria to keep in mind such as: a) To evaluate whether we and our management staffs posses the idea and methodologies in common that lead the company to success. b) We need assess the market for the idea we have come up with. c) To estimate basic financial feasibility our project is necessary as it is initial requirement including revenue sales, fixed prices, stock availability, financial access etc. d) To identify drawback of the garment shop as it a business it have strong competitors and analyze how to defend them. e) Finally make a right choice that whether ideas can be still effective and practical. Time Scales: The basic idea implanted of timescale in here is that, the time to market the product, which means the changes which we apply on the present system and as per the cost estimation when the shop would be ready to hit the market? The time as a constraint has always been considered by system analyst and programmers, but here in garment shop the estimated time might differ as per the budget, resources, design, etc. needed for the change. These three phases of feasibility study are observed in a system investigation for a garment shop to improve the accuracy and to make the shop much more efficient. All these stages are covered so that in future the shop would face no consequence in matter of Legal, Economical and Social. Learning Outcome # 03 Opening a new Garment Shop:- a). Introduction: I am going to explain that how a system investigation is held for opening a new garment shop and that what are the actual and basic techniques, needs and requirements at business scale. Regarding this I would make documentation on system investigation and would discuss that how user and systems requirements have been addressed. b). Descriptions of the Business: It is a clothing retail shop (a garment shop). c). Market Consideration: Clothing items and stuff would be targeted especially for teenagers and young adults; this would the starting point so it would b little bit challenging of course, especially keeping up with each of the seasonal trends. They always expect to have material to be available of their choice in color and size. Dissatisfaction of the customer in purchasing can bring lose in my sales. To store clothing in a temperature controlled ware house, cost varies. It can be reduced by proper inventory management. d). Management Team: Since it is a small-business, hiring staff increases costs dramatically, both in salary and taxes. To hire someone, looking for part-time help well in advance of the opening day would be suitable. I would provide them with adequate training on how to run the cash register, store policies and regulations, and information on the merchandise. e). Technical Specifications and Production Plan: I recommend purchasing retail fittings for the shop. These may include special needs such as display cases, racks, counters, cashier, landlines, credit cards, changing rooms for men and women and shopping bags and gift wrapping. As trend in the fashion industry is ever changing, a successful store always focuses on the latest trends and identifies which trends are on the least. A single mistake can bring great lose ending up in excessive goods, undetermined costs and collaborated brands names in the shop. And eventually causes destruction of the business. f). Marketing Plans: By adopting proper marketing strategies, I would create a buzz in the market about my clothing retail store business. Marketing would be done in such a manner that it grabs the attention of my targeted customers. For example, the design of the store and the stores website are made with the target customers in full consideration. Advertising would be done later since it needs to be well made in order to be successful and successful advertising can be costly. g). Financial and Economic Plans: A good location can do wonders to the success of any retail business. Realtors would give estimates on traffic patterns near the store location. Convenience factors, such as handicap access and parking are important for the success of the garment shop. If the store was already a clothing store, careful inquiries about the previous tenants are necessary. h). Evaluation and Conclusion: This system investigation provides a good outline and vision over the starting of the clothing retail store, committing to this plan would give a smooth start over the starting of a small business as such. However later on, modifications are necessary to keep up with new challenges introduced by this ever changing market. I would analyze about the other companies achievements and draw backs that I need to work on and get better. Then I would have extra working hours comparing to other shops and have staffs for working shifts.

Discuss and Provide Solutions on Inflation, Unemployment, Distribution of Income and Balance of Payments in the S.A. Context

PROGRAMME:MASTER OF BUSINESS ADMINISTRATION MANAGERIAL ECONOMICS SURNAME:FIELIES FIRST NAME/S:MICHEAL CECIL STUDENT NUMBER:MBA109062 E-MAIL:[email  protected] net POSTAL ADDRESS:23 Altenburg Street Highbury KUILSRIVERCODE:7580 CONTACTS: (Home):021 903-6904 (Work):021 904-5802 (Mobile):084 688 7147 LECTURER: I hereby confirm that the assignment submitted herein is my own original work. Signature of Student: Date:18 May 2009 TABLE OF CONTENT Page Number Overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 A. Addressing Inflation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦3 Definition of Inflation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 Types of Inflation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Inflation influencing SA the most †¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 Solutions for inflation †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 B. Addressing unemployment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 Define unemployment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 Different types of unemployment And the causes thereof†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 Solutions to unemployment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 11 Addressing Income Distribution amongst different sections of the population†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 12 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 12 Measurement of income distributio n†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 12 General causes of differences in income distribution †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 12 Domestic demand for labour†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Domestic supply for labour†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 13 Foreign demand and supply for labour†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 13 Skill-biased technological causes†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 13 Specific causes in the SA context†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 14 How can this be addressed†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 15 Affirmative action†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 16 Basic condition of e mployment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 16 D. Addressing the Balance of Payment Deficit†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 17 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 17 Deficit on the Current Account of the Balance of payment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 17 Deficit on the Financial Account of the Balance of payment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦ 18 Actions to reduce a substantial Financial account deficit†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 18 E. Surviving the current economic crunch/turmoil †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 19 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 19 Global recession†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 19 Causes of global recession†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 19 How far has SA weathered the recession†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 19 What can be done to weather the recession†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦.. 20 Monetary policy†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 20 Fiscal policy†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 20 Inflationâ₠¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 20 Export/Imports†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 20 F. Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 21 G. Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 22 OVERVIEW South Africa's economic growth performance and outlook has been affected by global developments such as the global recession starting in the US and escalating oil prices in the middle-east causing cost-push inflation and has been revised downwards. In fact, these challenges have moved in tandem with international economic indicator trends and are exacerbated by supply side problems, including domestic unemployment, inflation rates beyond the Reserve Bank targets of between 3 and 6%, skills shortages, a globally less-than-competitive industry, climate change and its negative impact on agriculture and water supplies and a volatile rand. High food and energy prices have been major contributors to consumer price inflation. Increased food prices, together with a shortage of staple foods, have resulted in food stock levels being the lowest in years and therefore creating high food insecurity amongst the poorer section of our communities. In the light of these economic conditions both internally and externally this policy statement framework has been produced. A. ADDRESSING INFLATION INTRODUCTION Many experiences and authors of economic books shape my concept of inflation. I would in the light of my understanding ascribe inflation as a consequence of human indiscretion due to wants and not of needs. People always have an insatiable desire for more and more goods that are describe by many as the economic problem. When I draw up my policy framework for the performance of the economy I will address and prioritize the following issues namely price stability (control inflation), full employment, balance of payments, equitable distribution of income in order to stimulate economic growth. DEFINITION OF INFLATION Mike Moffatt[1] defines inflation as an increase in the price of a basket of goods and services that is representative of the economy as a whole. A similar definition of inflation can be found in Economics by Parkin and Bade[2]: Inflation is an upward movement in the average level of prices. Its opposite is deflation, a downward movement in the average level of prices. The boundary between inflation and deflation is price stability. Also according to McConnell, (2002: 146) inflation is a rise in the general level of prices. Thus according to McConnell inflation does not mean the increase in price level of one or two items but increase in price level of goods and services in general. But Mohr and Fourie (2008:474) state inflation as the continuous and considerable rise in prices in general. As what can be seen from both definitions are (a) in general (b) rise of prices. But Mohr and Fourie go further and define inflation as a neutral definition without specific causes. However in many instances authors will describe inflation as excessive increases in money supply, etc. Which can be causal definitions. Also Mohr and Fourie will further state that nflation is a process and also concerns continuous and considerable increases in prices in general. Therefore then, one can agree with the definition of Mohr & Fourie: Inflation is a continuous and considerable rise in prices in general. TYPES OF INFLATION In an article â€Å"What is inflation: Five types of inflation defined† by Tom Au[3], Tom argues for the following types of inflation namely (i) commodity inflation, (ii) wage inflation, (iii) monetary inflation, (iv) fiscal inflation and (v) foreign exchange inflation. I would also argue that these types of inflation constitute the â€Å"major† types of inflation in SA. However these types of inflation can be divided and sub-divided into smaller units and subunits. For the purpose of this writing I would consider the broad divisions as sufficient. (i)Commodity Inflation Commodity products such as petroleum are in many cases a reason for an inflationary spiral. Other commodities could also contribute to this type of inflation such as other metals and other solid raw materials such as copper, coal, etc. Commodity inflation, better known as cost-push inflation, refers for example to a surge in the oil price – which obviously has nothing to do with domestic consumer demand. It concerns prices set on global markets over which the Central Bank has no control. The petrol price that stems from the cost of a barrel of oil thereby creates a volatile escalation of prices of goods and services because the increase in cost for a barrel of oil is transferred to the cost of production and eventually to the cost of consumer products. For example last year in June 2008 the petrol price went up by 50 cents a litre after a 55-cent increase in April 2008. The price of unleaded petrol in Gauteng increased to 996 cents a litre and to 972 cents a litre at the coast. Diesel went up 0,05 percent; sulphur went up by 71 cents, the wholesale paraffin price increased by 71 cents. [4] Even though at that point in time the country struggled with escalating food and power prices we had another fuel price increase. The consequence of the escalating prices of petroleum and thus oil and other fuel prices caused the price of everything else to go up and thus commodity induced inflation. ii) Wage Inflation It is my estimation that the type of inflation that has the largest impact on inflation is wage inflation or in other words demand-pull inflation. Employees become aware of the rising prices and demand more money in the form of higher wages. There are numerous examples of wage strikes in South Africa. For example Barbara Slaughter[5] reports â€Å"The longest public service strike in South African history. The dispute began on June 1, when workers from 17 unions took all-out strike action in support of a demand for a wage increase of 12 percent across the board. The strike involved 700,000 workers—professional, skilled and unskilled. It received widespread support amongst the rest of the working class in South Africa. On June 13, 2007, hundreds of thousands of municipal workers took part in a one-day solidarity action in support of the strike. They included taxi and bus drivers, electricity and cleaning workers, and administrative workers from border posts and airports. On that day, all the major cities in South Africa were brought to a standstill because of mass demonstrations in support of the public service workers’ strike†. Eugene Puryear reports in his website about the same strike as â€Å" Nearly  one million hospital and education workers have been on strike†[6]. This is only one example of the impact of a wage strike on the economy of the country. How many labor hours have gone lost which impact on production and could cause a lowering in the GDP of the country. If inflation could also be defined as too much money chase to few products, then this wage strike cause a reduction on production and thus inflation. iii) Monetary Inflation It can happen that the Reserve Bank governor refuses to increase the interest rates whilst the cost of living is high. Thereby causing too much money floating the economy and people maintain demand for goods whereas the supply is not sufficient for demand causing the cost of goods to rise. There can be much confusion between cost-push and demand-pull inflation. It is noted by some business reporters like Greta Steyn that Mr. Tito Mboweni did not â€Å"recognize† the before mentioned types of inflation therefore blaming the increase in inflation to commodity inflation and asserted that inflation is caused by the foreign global economy and not domestic demand-pull inflation. Mr. Mboweni indicated that his interest rate action (increase prime rate) had already done enough to curb demand. However he did not raise enough on interest rates implying a relatively low interest rate that causes yet a strong demand for goods and thereby not curbing inflation further. The inflation rate currently is 8. 5% at present well outside 3 – 6% target. iv) Fiscal Inflation Fiscal inflation is caused when government spending exceeds revenues. Overspending cause a deficit on the balance of payments. The deficit however must be recovered by most probably the increase in income tax of public and private sectors. During the current crisis in 1996, the government introduced the GEAR strategy. GEAR’s key element are reduced government spending, also the rate of inflation, with the view to encourage private investment, economic growth, and thereby job creation. But the government reduced the budget deficit from 4,6% in 1996 to 2,6% in 2000. The average reduction over this period is 3,1%. But when government spending drop private investment spending was expected to be 11,7% by the year 2000. However private investment average a mere 1,2%. If government does not spent and private sector default on spending the result will be unemployment, economic instability as well political vulnerability. Under these conditions there will be civil demands for higher wages that could be inflationary. It is said by some that a war increase government spending. If this is the case then we wage war against ourselves in this country. (v) Foreign Exchange Inflation Foreign exchange inflation happens when the local currency falls dramatically against other world currencies, thereby sharply raising the price of imported goods and hence the overall price level. INFLATION INFLUENCING SOUTH AFRICAN ECONOMY THE MOST The three most volatile types of inflation that influence the South African economy is Wage Inflation, Commodity Inflation and Foreign exchange inflation. As seen from the examples government spending has definitely slowed down in order to decrease the deficit and thus lifting the burden on tax payers to food the bill. So for the interim fiscal inflation is kept under control. The Reserve Bank by means of monetary policy is in â€Å"control† of the money supply in the economy. If you increase money supply faster i. e. lowering the prime rate, than your economy grows, you will have too much money chasing too few goods. The price of goods will therefore increase. Thus an increase in inflation. Therefore to stabilize inflation you have to reduce the money supply and thus increase the prime-lending rate. Monetary inflation is a function of the Reserve Bank and within the control of the Governor of the Reserve Bank by means of monetary policy. SOLUTIONS FOR INFLATION 1. Contractionary Fiscal Policy If the government looks to fiscal policy to control inflation its options are (i) decrease government spending (ii) raise taxes or (iii) some combination of the two policies. (i) Decrease government spending To control demand-pull inflation the government should reduce government spending. Reduction in government spending reduces aggregate demand and thereby halts demand-pull inflation. (ii)Raise taxes By raising taxes the deposable income of consumers is reduced thereby decreasing aggregate demand, which is anti-inflationary. (iii) Combination of Decrease government spending and Raising taxes As can be expected a combination of the two may have a quicker anti-inflationary effect on consumer spending. 2. Monetary Policy The monetary policy committee is given an inflation target by the government, which is between 3% and 6%. The tool that is used by the reserve bank is to use interest rates to achieve this inflation target. Increase interest rates will help reduce the growth of aggregate demand in the economy. A reduction in aggregate demand will slow down growth and will induce a decrease in inflation rate. 3. Exchange rate policy This policy is used to keep the value of the Rand high. Resulting in a favourable market for imports. The price for imported goods will be expensive and when companies apply investment spending the cost will be transferred to the consumer. This tool to reduce inflation is not very useful because it can cause a recession. . Disposing of surpluses When the economy faces demand-pull inflation, fiscal policy should move toward a government budget surplus i. e. tax revenues in excess of government spending. But the anti-inflationary effect of the surplus depends on what the government does with it. I would suggest to the government to impound the surplus. When a surplus is impounde d the government is extracting and withholding purchasing power from the economy. Thus, there is no chance that the surplus fund will create inflationary pressure to offset the anti-inflationary impact of the Contractionary fiscal policy. B. ADDRESSING UNEMPLOYMENT INTRODUCTION According to Mohr & Fourie the second macro economic objective is full employment. However in theory full employment can be accomplished but in reality government spending and tax collection is never equal. Therefore when government is dealing with a deficit budget (government spending in excess of tax revenues) the economy is at a down turn since aggregate demand slow down and thus GDP also drops with the result of unemployment. Thus this macro economic evil must be understood in its broader sense. In this writing I will deal with the definition for unemployment then describe the different types of unemployment, the causes of unemployment, types of SA unemployment and solutions to unemployment. DEFINE UNEMPLOYMENT â€Å"Prior to 1994, the strict definition was used by Stats SA to estimate unemployment in South Africa, with the result that the official estimates were generally regarded as being too low. Stat SA subsequently switched to the expanded definition, but some observers (including the International Labour Office) regarded the new official estimates as being too high. In June 1998 Stats SA reverted to using the strict definition as the official definition, although estimates based on the expanded definition are also published. † (Mohr & Fourie, 2002:498) Statistics South Africa defines unemployment (strict definition) as those in the economically active population – (aged 15 to 65) and are either employed or seeking work, – who: i. Have not worked during the last seven days prior to being interviewed; ii. Want to work and are available to start work within a week of the interview by Stats SA; iii. Have taken active steps to look for work or to provide themselves with self-employment in the four weeks preceding the interview. However the expanded definition omits requirement (iii) because many unemployed people become discouraged after several attempts to look for employment. [7] DIFFERENT TYPES OF UNEMPLOYMENT AND THE CAUSES THEREOF The basic distinction of unemployment is between voluntary and involuntary unemployment. But the unemployment rate is expressed as the percentage of the labour force (people who are willing and able to work) that cannot find a job. Thus in reality there is only involuntary unemployment. Those that prefer by own volition to be without work cannot be regarded as unemployed. In economy the usual distinction amongst types of unemployment is between frictional unemployment, seasonal unemployment, structural unemployment and cyclical unemployment. (i)Frictional unemployment Frictional unemployment exists because of lags between workers leaving one job and taking up another and because there are times of the year when many new workers (e. g. school-leavers) enter the labour market. In these circumstances there is some delay in finding them all jobs. (ii)Seasonal unemployment Seasonal unemployment arises because certain occupations require workers only for part of each year e. g. picking and processing of food and vegetables and tourist regions that are busy during peak seasons. (iii)Structural unemployment Structural unemployment is caused by changes in the structure of an industry as a result of changes in technology or tastes. For example increasing automation in manufacturing industry, encouraged by recent developments in computer technology, has made many skills obsolete. Thus whole communities may become unemployed until new skills have been acquired. (iv)Cyclical unemployment Cyclical (or demand-deficiency) unemployment happens when there is a decline in the economy as a result of a lack of demand. A lack of demand curbs production and therefore management will try to cut costs by laying off workers, but only until demand increases then workers will be asked to come back. (v)Apart from the above mentioned causes of unemployment the following should also be mentioned In today’s economy unemployment has a variety of causes. Nevertheless some of them relate to the general level of economic activity while others are the result of a failure in the labour market in an economy to work optimally. Mohr & Fourie indicates that South African unemployment rate in the past two decades originated from the supply side of the labour market as well as from the demand side. Supply side Every year the number of school leavers are added to the labour force. Thus the growth of the labour force exceeds the demand post by the economy. The economy can absorb only a certain amount of workers especially when the growth in GDP is not sufficient to provide in jobs for the new entrants into the labour market. When the growth in the labour force is greater than the number of the opportunities, unemployment sets in. Demand side During a slump in the economy the price level of goods is high i. e. inflation is increasing. Goods and services are expensive and leads to workers demand a higher wage. In order to cut production costs and thereby keep companies profitable workers are laid off. Thus leading to wage demand unemployment. Unemployment due to inflation – the Phillips curve Inflation does cause unemployment but it need not necessary be the case. In the short term the Phillips curve happens to be a declining curve i. e. there is a negative relationship between inflation and unemployment. There is thus an increase in aggregate demand that usually lead to an increase in production and income and simultaneously increase in the price level of goods and services. And conversely a decrease in aggregate demand results in decrease in production and income and a simultaneously decrease in the price levels. But the level of production is positively related to the level of employment i. e. if production goes up then employment also increases (unemployment decreases). Therefore if economic activity is high unemployment is low, production is high, price levels start to increase and inflation begins to set in. When prices become too inflated then aggregate demand starts to decrease, but decrease in price levels does not happen immediately. Therefore the continued increase in the price levels irrespective decrease in aggregate demands leads to unemployment because manufacturing of goods slow down due to the lack of demand. The Phillips curve led many economists to believe that there could be a trade off between unemployment and inflation. In other words, a lower inflation rate could be achieved by trading it off against greater unemployment. And a higher inflation rate could be achieved by trading it off with a lower inflation rate. The abovementioned scenario explains the short-term effect depicted by the Phillip curve but the long-term effect of the Phillip curve show that unemployment and inflation are not related. In the long run when labour and capital are at full capacity, an increase in aggregate demand affect the price levels only. It is clear that this is the point where inflation increases sharply i. e. the price levels of goods and services, because of continued increase in demand, becomes so expensive that eventually demand for products drop and consequently the demand for employment also drops. Thus unemployment sets in. Stagflation In the 1970’s inflation and unemployment increases at the same time. This phenomenon is called stagflation. This is an economic problem that is twice as serious as in the case when there is a trade off between either unemployment or inflation. When it so happens that the oil prices increase by 300%, this higher energy prices would spread through the economy, driving up production and distribution costs on a wide variety of goods. It is quite obvious to understand that transport is most important in the supply chain of production especially in the upstream portion of the supply chain, which includes the company suppliers, the suppliers’ suppliers. But transport is also needed in the downstream portion of production, which consist of processes for distributing and delivering products to the final customers. [8] Hence the resulting increase in the price level because of cost-push inflation. Also real output declines while price levels rise. This means a simultaneous increase in the levels of unemployment and inflation (stagflation). SOLUTIONS TO UNEMPLOYMENT South Africa's unemployment rate rose to 23. 5% in the first quarter of 2009 from 21. 9% in the previous three months, Statistics SA said on Tuesday. (Sapa, 5 May 2009) A total of 208  000 people living in SA lost their jobs between the last quarter of 2008 and the first quarter of 2009, according to the Pretoria-based agency's quarterly labour force survey. The survey shows that losses occurred both in the formal (88  000) and in the informal (96  000) sectors. (Sapa, 5 May 2009). There is thus a more than a fifth (1/5) of people unemployed. This represents a huge cost to government and to society as a whole. Firstly I would proposed a joint government, business and labour task team to clampdown on cheap imports into SA as part of a number of measures aimed at helping local companies retain jobs and stay afloat through the global economic slowdown. These measures would aim at the following: †¢ That business pledge to do everything in its power to avoid retrenchments; †¢ Retraining people who face retrenchment and therefore become re-employed soon; †¢ Creation of jobs through the Expanded Public Works Programme i. . promote labour intensity; †¢ Discuss ways of lowering the cost of capital. However a much promising strategy would be to raise the demand for domestically produced products by increasing the demand for exports. Therefore as previously mentioned we must assist export in the following ways: (i)Assist potential exporters to find international markets, and subsidize some of these costs. (ii)All ow or engineer a depreciation of local currency against other currencies, thereby making exports more competitive. iii) Implement import restrictions i. e. tariffs and quotas. We could also reduce unemployment by stimulating and promoting small businesses and the informal sector. I believe that small businesses create more employment than larger business ventures. C. ADDRESSING INCOME DISTRIBUTION AMONGST DIFFERENT SECTIONS OF THE POPULATION INTRODUCTION Knowledge about the nature of income distribution is necessary for social development and thus for the distribution of resources where it is needed in order to create a fair society and better life for all who live in it. Nationally for any particular country society will because as a consequence of a free market society be stratify into various dimensions. Thus the conclusion â€Å"knowing the nature of income distribution† amongst the different population sections. In order to accomplish this objective I will address the following aspects of income distribution amongst the different section of the population. (i) Measurement of income distribution, (ii) General causes of differences in income distribution, (iii) Specific causes in the SA context and (iv) How can it be addressed. MEASUREMENT OF INCOME DISTRIBUTION Generally the Lorenz curve is often used to represent income distribution, where it shows for example the bottom 20% of all households have 10% of the otal income. A perfect equal income distribution would be one in which every person have the same income for example 20% of households have 20% of total income. This can be depicted by a line of perfect equality. By contrast, a perfectly unequal distribution would be one in which one person has all the income and everyone else has none. If the horizontal-axis or the Lore nz curve is the x-axis and the vertical axis is the y-axis then in a perfectly unequal distribution this curve will be call the â€Å"line of perfect inequality†. The Gini coefficient is the area between the line-of perfect equality and the observed Lorenz curve, as a percentage of the area between the line of perfect equality and the line of perfect inequality. (This equals two times the area between the line of perfect equality and the observed Lorenz curve. ) The higher the coefficient, the more unequal the distribution is. [9] GENERAL CAUSES OF DIFFERENCES IN INCOME DISTRIBUTION From all the factors of production the cost of labour as part of the GDP is the most influential, simply because it involves human beings. And human beings are the most varied and complex factor in the factors of production. In a perfect labour market all workers have the same education and training, have the same skills and earn the same wages (income). But the labour markets are not homogeneous. In fact it is imperfect and even if all the other labour markets are in equilibrium (balance between supply and demand of labour) there will be always differences in what workers earn. DOMESTIC DEMAND FOR LABOUR The most important aspect of the demand for labour is that it is a derived demand. (Mohr & Fourie, 2008:282). Domestically demand for labour will depend on production on goods and services. This means if production increases the demand for labour will also increase. Demand for products will influence the profitability of that product industry and thus the income and spending of that particular section of the population. Most countries have basically the same product mixture, but demand for the different products can differ sharply and thus will produce inequality in income amongst different sections of the population. DOMESTIC SUPPLY FOR LABOUR An increase in the wage rate will induce more people to enter the labour market and supply their services. The market supply of labour will this have a positive slope, indicating that the quantity of labour supplied will increase as the wage rate will increase. But absorption into the labour market depends on the nature of the product market, which offer that employment. As indicated previously the product industries produce different products and therefore different demands, which will lead to different wages. The different products need different skills. Therefore the discriminating factor amongst the different products will be the different skills amongst workers and thus the difference in income amongst the various sectors. FOREIGN DEMAND AND SUPPLY FOR LABOUR The Stolper-Samuelson theorem predicts that international trade influences relative factor demands and thus factor prices. [10] The basic idea of this theorem is that trade affects prices of products which in turn affect factor prices by changing relative factor demands. Once again the demand for labour will depend on supply of products and thus supply of the appropriate labour, which in turn will influence the income for various groups of income. SKILL-BIASED TECHNOLOGICAL CAUSES The single most cause of change in the income distribution is technological change. (David G. Blanchflower and M. J. Slaughter: 78) A few recent papers provide direct evidence of this technological shift and link it to wage outcomes. Berman, Bound and Griliches present several case studies that document the technological changes that have occurred in industries experiencing large shifts towards more skilled workers. According to Laudon (1998:) â€Å"†¦ over half (55 percent) of the US labour force consists of information workers and 60 percent of the GDP of the US comes from the nowledge an information sector, such as finance and publishing†. It is argued in general by many authors that skill-biased technological change is a global phenomenon. That is to say by implication that income distribution, unemployment is a consequence of jobless growth caused by technological and capital investment. SPECIFIC CAUSES IN THE SA CONTEXT The South African context from a wage inequali ty perspective is a very complex subject. One is impulsively inclined to think racial discrimination when you think about inequality in any aspect in S. A. But Mohr & Fourie point out not to ascribed most or all differences in remuneration to discrimination. However many writers would provide statistical detail from STATS SA, October household surveys to prove that the inter-racial income distribution gap over the past three decades have narrowed. But this narrowed income gap can be misleading due to poor statistics and because of rising income of an elite group of black people. Meaning a large income for the upper income group will be a misleading average on income for a specific group. The trends for unemployment and income are still highest amongst black people. The following reasons for this inequality can be extrapolated from the following data. Table1. Labour absorption rates |Category |Absorption rates | |African men |35% | |White men |68% | |African women |22% | |White women |44% | Source: UNDP human Development Report, SA. 2000) Estimations from this data indicate that the trend is that the labour market does not easily absorb African men and African women. White women not absorbed into the labour market do not mean they are unemployed. This leaves many African men and women unemployed creating income inequality between whites and blacks. Table 2. Mean monthly income (Rand) Sector |Men |Women | |Formal Average (white workers)* |7514 |4774 | | | | | |African workers | | | |Formal (urban) |2204 |2068 | |Informal (urban) |1012 |845 | |Informal (non-urban) |705 |524 | |Domestic (urban) |903 |537 | |Domestic (non-urban) |347 |397 | |Agriculture (formal) |1011 |5 99 | |Agriculture (informal) |386 |306 | |Average (African workers)* | 938. 29 * |753. 1 * | | | | | (Source: Statistics South Africa, October Household Survey, 1999) (* Own interpretation) Once again this is an estimation and extrapolation to give an indication to show the averages of income amongst whites (men R7514 p/m woman R4774 p/m) and blacks (men R938. 29 p/m woman R753. 71p/m). Table 3. Annual per household income (constant Rand): 1991 and 1996 | |African |White | | |1991 |1996 |1991 1996 | |Poorest 50% |3 005 |2 383 |35 028 |29 549 | |41-60% |9 519 |9 120 |96 444 |83 506 | |61-80% |18 497 |19 183 |155 763 |134 821 | |81-90% |33 843 |37 093 |228 018 |207 243 | |Average |12 972. 8 |13 555. 8 |103 050. 6 |91 023. 8 | (Source: UNDP human Development Report, SA. 2000) There is a slight movement in income from 1991 (R12 972. 80) to 1996 (R13 555. 80) in the African household income. There is a decrease from 1991 (R103 050. 60) to 1996 (R91 023. 80) in the White household incom e. But look at the difference in income for Blacks average in 1996 (R13 555. 80) and Whites average in 1996 (R91 023. 80). A difference of R77 468. 00. Table 4. Gini coefficient, 1975 – 1996 (1 = total inequality / 0 = total equality) | |1975 |1991 |1996 | |African |0,47 |0,62 |0,66 | |White |0,36 |046 |0,55 | |Coloured |0,51 |0,52 |0,56 | |Asian |0,45 |0,49 |0,52 | |TOTAL |0,68 |0,68 |0,69 | (Source: UNDP human Development Report, SA. 2000) Table 5. Gini coefficient estimates of income and expenditure inequality |Disposable income |Gini coefficient | |Black African |0,63 | |Coloured |0,59 | |Indian/Asian |0,57 | |White |0,56 | (Source: IES 2005/2006) * I have combined the two Gini coefficient tables 4 & 5 in the table below Table 6 to show that the Gini coefficients from 1996 to 2006 i. e. 10 years later have not change yet. This is a clear indication as to inter-racial inequality distribution in income. |* Table 6. |Gini coefficient | | |1996 |2005/2006 | |African |0,66 |0,63 | |White |0,55 |0,56 | |Coloured |0,56 |0,59 | |Asian |0,52 |0,57 | HOW IT CAN BE ADDRESSED i) Education and training Education is a responsibility of the government in so far as the provision of infrastructure i. e. training of teachers, building of schools, providing a well-structured curriculum and learning materials. But attending to the regularly attendance of learners is the responsibility of the parents. As previously indicated a great shortcoming in the labour market is that of skills. School system adopted the OBE Curriculum to make the school system more relevant to the economic conditions domestically and more competitive to the global economy. But the implementation of OBE implies the teacher/learner ratio of at least 1:25 whereas in reality it is on average 1:40, making the school system ineffective. Democracy also created a liberal education system, which undermines the discipline, which also is necessary for successful education. Therefore government spending on the school system should improve in order to address this shortcoming in the education system so that the skills needed to curb unemployment are provided. ii) The Skills Development Act, 97 of 1998 aims to develop the skills of the labour force by increasing investment in education and training in the labour market and to address the skills shortages. iii) Government intervention AFFIRMATIVE ACTION The composition of the population is not uniform with respect to race relations and cultural issues. To allow these issues of race and culture to take its own course is a recipe for disaster therefore government intervention to engineer a system that addresses the economic inequalities. Because unemployment, poverty, poor education and low social status work into the hands of social issues such as racism and cultural incompatibilities. To alleviate poverty, unemployment, poor education, a new system of affirmative action must be implemented in order to get a more equitable distribution of positions in the labour market i. e. targets to create gender equality, racial equality and cultural equality by means of affirmative action. BASIC CONDITION OF EMPLOYMENT This act, The Basic Condition of Employment Act, 75 of 1997 is to advance economic development and social justice by establishing and enforcing basic conditions of employment. D. ADDRESSING THE BALANCE OF PAYMENT DEFICIT INTRODUCTION An imbalance in a nation's balance of payments in which payments made by the country exceed payments received by the country. This is also termed an unfavorable balance of payments. It's considered unfavorable because more currency is flowing out of the country than is flowing in. Such an unequal flow of currency will reduce the supply of money in the nation and subsequently cause an increase in the exchange rate relative to the currencies of other nations. This then has implications for inflation, unemployment, production, and other facets of the domestic economy. A balance of trade deficit is often the source of a balance of payments deficit, but other payments can turn a balance of trade deficit into a balance of payments surplus. The two main components of the balance of payments are the current account and the financial account. Therefore the two basic deficits that can occur in the balance of payment are a deficit on the current account and a deficit on the financial account. When there is a deficit on the current account then imports exceeds exports and when there is a net capital inflow that exceeds net capital outflow then there is a deficit on the financial account. The question however is how will the deficits be financed. DEFICIT ON THE CURRENT ACCOUNT OF THE BALANCE OF PAYMENT Action to reduce a substantial current account deficit involves increasing exports or decreasing imports. This can be accomplished i. e. to promote exports in the following ways. (i)Keep domestic cost of production in check e. g. the demand for higher wages must be controlled. The relationship of the governments with labour unions must be of good standing so that policy can be worked out by government and unions for agreements to keep wage demands and inflation in check. (ii) Assist potential exporters to find international markets, and subsidize some of these costs. iii) Allow or engineer a depreciation of local currency against other currencies, thereby making exports more competitive. (iv)Implement import restrictions i. e. tariffs and quotas. Adjusting government spending to favour domestic suppliers is also effective. Less obvious but more effective methods to redu ce a current account deficit include measures that increase domestic savings, including a reduction in borrowing by the international government. When the country experiences a financial account surplus it can use such surplus to finance the deficit on the current account. This means there is a net inflow of foreign capital. DEFICIT ON THE FINANCIAL ACCOUNT OF THE BALANCE OF PAYMENT An imbalance in a nation's balance of payments financial account in which payments made by the domestic country for purchasing foreign assets exceed payments received by the country for selling domestic assets. In other words, investment by the domestic economy in foreign assets is less than foreign investment in domestic assets. This is generally not a desirable situation for a domestic economy. However, in the turbulent world of international economics, a financial account deficit is often balanced by a current account surplus, which is generally considered a desirable situation. If, however, the current account does not balance out the financial account, then a financial account deficit contributes to a balance of payments deficit. ACTIONS TO REDUCE A SUBSTANTIAL FINANCIAL ACCOUNT DEFICIT INVOLVES INCREASING FOREIGN DIRECT INVESTMENT The following actions have already been taken: a) Proctor & Gamble invest R200 million in new SA plant. With annual revenue of more than US$ 83 billion, Proctor & Gamble is considered the world's largest consumer goods manufacturing company. The investment in South Africa is considered to be a huge psychological victory for SA, says Business Day, in light of the current economic crisis. (Business Day 11 March 2009) (b)New trade infrastructure programme to boost business in Africa International financiers and developed nations have committed $1. billion to a new trade development programme that will open up business opportunities in eight African countries, including South Africa. (Business day 7 April 2009) (c)Mergers and acquisitions (M) in 2009 South Africa is expected to fare better than most countries when it comes to mergers and acquisitions (M) in 2009 with the region being w ell shielded from the turbulent global economy, according to merger market's South African M&A Round-up for 2008. (Business Day 20 January 2009) (d)2010 Soccer World Cup South Africa is holding the 2010 Soccer World Cup, which is a tremendous boost for foreign direct investment and employment and also for future ventures. In this manner we must promote foreign direct investment in South Africa to create a surplus on the financial account of the balance of payment. E. SURVIVING THE CURRENT WORLD ECONOMIC CRUNCH / TURMOIL INTRODUCTION GLOBAL RECESSION The Global economy is currently in a recession, as we are made aware by many economists right over the world. There are declines in growth rates in many countries in both developed and developing countries. Most notably the United States CAUSES OF GLOBAL RECESSION â€Å"In 2008–2009 much of the industrialized world entered into a deep recession sparked by a financial crisis that had its origins in: i) Reckless lending practices involving the origination and distribution of mortgage debt[2] in the United States. 3][4] ii) Sub-prime loans losses in 2007 exposed other risky loans and over-inflated asset prices. With the losses mounting, a panic developed in inter-bank lending. iii) The precarious financial situation was made more difficult by a sharp increase in oil and food prices. iv) The exorbitant rise in asset prices and associated boom in economic demand is considered a result of the extended period of easily available credit, inadequate regulation and oversight,[6] or increasing inequality. v) As share and housing prices declined many large and well established investment and commercial banks in the United States and Europe suffered huge losses and even faced bankruptcy, resulting in massive public financial assistance. i) A global recession has resulted in a sharp drop in international trade, rising unemployment and slumping commodity prices. Social unrest and political changes have appeared in the wake of the crisis. †[11] HOW FAR HAS SA WEATHERED THE RECESSION Prudent regulation of the financial sector may have partially shielded the South African economy from the vagaries of the global financial turbulence until now. At the same time, it is the combination of fiscal austerity and prudent regulation, among the ha llmarks of GEAR, which have so far helped cushion the country’s economy from the global economic turmoil. The financial services sector, despite its integration in the global economy, has so far remained resilient. The same applies to the agriculture and construction sectors, which continue to witness growth. WHAT CAN BE DONE TO WEATHER THE RECESSION MONETARY POLICY A likely immediate outcome of the current crisis is a cut or a series of cuts in interest rates by the South African Reserve Bank, which has raised them by five percentage points since July 2006. As household debt balloons locally, economists forecast further rate cuts up to 300 basis points. The hope is that rate cuts will spur consumer spending again and thereby increase aggregate demand and aggregate production. Thus increasing employment and decreasing unemployment. But interest rate cuts alone will not be adequate to revitalize the economy. According to Neva Makgetla, the lead economist for research and information at the Development Bank of Southern Africa, job losses are a certainty in South Africa, but the scale will depend on the nature of the global recession. FISCAL POLICY An appropriate government intervention would be to focus more systematically on creating employment opportunities on a larger scale. That requires measures to strengthen the efficiency of the economy overall, especially through enhanced infrastructure. It also requires more consistent institutional support and resourcing for employment-creating activities such as agriculture, manufacturing, personal and private services and construction. INFLATION Keep domestic cost of production in check e. g. the demand for higher wages must be controlled. The relationship of the governments with labour unions must be of good standing so that policy can be worked out by government and unions for agreements to keep wage demands and inflation in check. EXPORTS/IMPORTS (i)Assist potential exporters to find international markets, and subsidize some of these costs. (ii)Allow or engineer a depreciation of local currency against other currencies, thereby making exports more competitive. (iii)Implement import restrictions i. e. tariffs and quotas. South Africa should streamline immigration and taxation policies to create a more attractive environment for foreign investors as an intervention in the current crisis. This would lay the groundwork for future growth. While the taxation issue is debatable, some analysts believe that the current taxation regime is actually pro-business; the immigration system is generally seen as cumbersome and makes it difficult for skilled foreign nationals to settle in South Africa legally. However, over the past five years, the Department of Home Affairs has been addressing this issue partly by issuing quota permits to categories of skilled foreign nationals even before they got employed. CONCLUSION The economic forecast for South Africa is that the global recession may not have such a big impact on our domestic economic affairs and that we should survive the current economic turmoil provided that we keep inflation in check, foreign direct investment be promoted and stimulate exports. On the political front we hope that the transition from Mbeki government to a Zuma leadership will have a positive impact on the economy as a whole. Greater political discussion pursuing an economic perspective might stem political instability as far as wage negotiations is concerned. The stabilization of the cost of labour on the GDP will be a tremendous boost to the economy. It is my hope that the spirit of new leadership will create a new dimension in the development and stimulation of the economy of this country South Africa. BIBLIOGRAPHY 1. Bade Robin and Parkin Micheal (2008) Foundation of Economics 4th Edition. New York: Addison Wesley 2. Blanchflower David G. & Mathew J. Slaughter (1973) The Causes and consequences of income equality: L. Katz, G. Loveman and Paul R. Krugman 3. Brue Stanley L. and McConnell Campbell R. (2002) Economics: Principles, Problems, and Policies 15th Edition. US: Irwin McGraw-Hill. 4. Fourie Louis, Mohr Philip and associates (2008) Economics for South African students 4th Edition. Pretoria: Van Schaik Publishers. 5. Laudon Kenneth C. and Laudon Jane P. (2007) Management Information Systems: Managing The Digital Firm 10th Edition: Upper Saddle River, NJ. : Pearson Prentice Hall. 6. Newstrom John W. and Pierce Jon L. (2000) Leaders and the Leadership Process 2nd Edition. US: Irwin McGraw-Hill. 7. Market House Books Editors & Oxford University Press Editors (1998) The Oxford Dictionary for International Business 2nd Edition: New York: Oxford University Press Articles / Internet Sites 1. Au Tom. The Daily Reckoning: What is inflation: Five Types of Inflation defined, 15 June 2007, http://www. dailyreckoning. com. au/what-is-inflation/? /2007/06/15/, Read on 15/05/09 2. Moffatt Mike: What is Inflation – Your Inflation Questions Answered, http://economics. about. com/od/helpforeconomicsstudents/f/inflation. htm, Read on 15/05/09 3. Newser: In the News. co. za: Petrol Price to go up by 50 cents, 3 June 2008, http://www. inthenews. co. a/2008/06/03/petrol-price-to-go-up-by-50-cents/, Read on 14/05/09 4. Proctor & Gamble invest R200 million in new SA plant; 11 March 2009 New trade infrastructure programme to boost business in Africa; 7 April 2009 Mergers and acquisitions (M & A) in 2009; 20 January 2009 http://www. sagoodnews. co. za/trade_investment/proctor_gamble_invest_r20 0_mln_in_new_sa_plant. html , Read on 15/05/09 5. Puryear Eugene: One million South African workers strike, Tuesday, 26 June 2007 http://www. pslweb. org/site/News2? page=NewsArticle&id=6917&news_iv_ctrl=1781, Read on 13/05/09 6. SAPA: SA Unemployment Rises, 5 May 2009, http://www. fin24. om/articles/default/display_article. aspx? ArticleId=1518-25_2511351 7. Slaughter Barbara: South Africa: COSATU calls off public service strike, 14 July 2007, http://www. wsws. org/articles/2007/jul2007/safr-j14. shtml, Read on 13/05/09 8. Stats SA: Quarterly Labour For Survey, Quarter 1, 2009 9. Wikipedia, the free encyclopedia: Income Dsitribution, http:/en. wikipedia. org/wiki/Income_Dsitribution: Read on 16/05/09 10. Wikipedia, the free encyclopedia: Late 2000 Recession, http://en. wikipedia. org/wiki/Economic_crisis_of_2008#cite_note-1 , Read on 15/05/09 ———————– [1] http://economics. about. com/od/helpforeconomicsstudents/f/inflation. tm [2] Micheal Parkin, Robin Bade,4th Edition Foundation of Economics 2008 New York Addison Wesley [3] http://www. dailyreckoning. com. au/what-is-inflation/? /2007/06/15/ [4] http://www. inthenews. co. za/2008/06/03/petrol-price-to-go-up-by-50-cents/ [5] http://www. wsws. org/articles/2007/jul2007/safr-j14. shtml [6] http://www. pslweb. org/site/News2? page=NewsArticle&id=6917&news_iv_ctrl=1781 [7] Stats SA: Quarterly Labour For Survey, Quarter 1, 2009 [8] Laudon Kenneth C and Laudon Jane P. , 2007, [9] http:/en. wikipedia. org/wiki/Income_Dsitribution: 16/05/09 [10] David G. Blanchflower & Mathew J. Slaughter, The Causes and consequences of income equality [11] http://en. wikipedia. org/wiki/Economic_crisis_of_2008#cite_note-1