Sublime Second-Hand Smoke free essay sample

The recently discharged collection Second-Hand Smokeby the Long Beach, California band Sublime is totally mesmerizing.The collection was produced by Gasoline Alley, a division of MCA records.This is the primary Sublime collection that has been discharged since the deathof lead vocalist Bradley Nowell, who kicked the bucket from an incidental heroinoverdose. Truth be told, the collection itself was devoted to Bradleys son,Jakob James Nowell. Other incredible CDs by this band incorporate 40 oz. toFreedom, Robbin the Hood and their self-titledalbum. Contrasted with these three collections, Second-HandSmoke joins a generous increment of turntables into themusic. This may be on the grounds that Field Marshall felt more artisticallyindependent. Marshall additionally works superbly utilizing percussion on some ofthe tunes. One cannot help yet be astonished at the visitor appearances by GwenStefani and DJ Product. Item helps Marshall on turntables while Gwensings Saw Red with Bradley. This melody was initially writtenby Barrington Levy and was called Shes Mine. We will compose a custom exposition test on Glorious: Second-Hand Smoke or then again any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page This track isimportant on the grounds that it is a decent portrayal of Sublimes regard forall sorts of music and how they attempt to consolidate various styles intotheir own melodies. One can't resist the opportunity to appreciate the fine art on thecover. Inside the book are pictures of bassist, Eric Wilson, and thedrummer, Bud Gaugh, on past visits and furthermore simply hanging out having agood time. Great is known as one of those groups that you can justlisten to and unwind. With their smooth streaming verses and rastafarianbeats, Sublime produces music for some that facilitates the psyche and soul fora few moments. In spite of the fact that Sublimes music is a blend of reggae, rap and punkrock, it can't be named as any of these. The main way you canproperly depict it is by tuning in and choosing for yourself. What issomewhat upsetting on this collection are two horrible remixes of Sublimesprevious hit, Doin Time, which have dreary cuts fromother Sublime tunes. All and all, Second-Hand Smokeby Sublime is an incredible collection. With its expanded clearness in bass and livesongs, this collection gives each bad-to-the-bone Sublime fan what theyve alwaysbeen requesting live tunes and the whole forms of old hits.

The tradegy of fifth business Essay Example For Students

The tradegy of fifth business Essay THE TRAGEDY OF FIFTH BUSINESSThe best books that are composed are normally ones that are terrible with and a despondent consummation or a closure that we can not comprehend.The novel,Fifth Businesswritten by Robertson Davies is a shocking anecdote about a young men excursion to masculinity and on the excursion we see the defeats of the considerable number of individuals of Dunstan Ramsays life and what they add up to or how their lives were burglarized or shortened.If a story didn't have an appalling closure then it would not contact our heart and make us Throughout the novel a progression of negative occasions occured in an adolescents life and each and everybody changed youthful Dunstans life.The beginning of the catastrophes was the untimely birth of Paul Dempster on the grounds that Dunstans closest companion Percy tossed a snowball at him,which Dunstan avoided and it hit the pregnant Mary Dempster making her start giving birth and to her insanity.This episode caused Dunstan perp etually committed to Mary and to feel blameworthy for his whole life.Mary turned out to be progressively insane and did such things as lay down with a vagrant since he basically needed to engage in sexual relations with her,this prompted the youngsters continually prodding Paul that his mom was a prostitute and Paul fleeing to join the circus.The whole Dempster circumstance greatly affected Dunstan,for he felt answerable for Paul fleeing and for Mary getting totally crazy and this is alot for a youthful youngster to dealwith.Marys spouse then kicked the bucket which she turned out to be absolutely crazy and unequipped for dealing with herself.The entire Dempster family had a disastrous life. The whole Ramsay family wasnt much happier in light of the fact that Dunstans more seasoned sibling got seriously sick and recuperated and headed out to the war and stayed away forever. Dunstan then headed out to war and lost a leg and got severely injured and came back to hishome town just to discover that the two his folks with half of the town kicked the bucket from the fluand Dunstan was the main remaining Ramsay. As far an adoration and great connections go, this story came up short.Dunstans bestfriend wedded his youth darling and Percy constsntly attempted to prepare and prepare her to be his optimal wife,which she was unequipped for fullfilling,so Percy inevitably subsequent to having two kids with her lost intrigue and began having illicit relationships. Leola discovered and attempted to kill herself in the wake of attempting to lay down with Dunstan.Leola in the long run passed on of illness.Another case of brokenheart was Dunstan and a medical caretaker that treated him when wounded.Diana adored him and Dunstan just couldn't picture spending an amazing remainder with her so he left her following quite a while of mindful and sharingand fun.Dunstan in the end discovered Paul who had become an inconceivable entertainer that was getting by and let him know of his moms condition and how her watchman had kicked the bucket and left cash for himself to deal with Mary,but the legal counselor hadlost the cash and ended it all and he was left with Mary and no money,so he had no other alternative than to place her in a modest ,once-over hospital.Dunstan likewise disclosed to Paul the amount she missed him and that it was a result of Paul leaving why she was insane.Paul couldn't have cared less and denied his own mom and any realationship there was and for a child to repudiate his mom is the most elevated level of catastrophe. Mary in the end kicked the bucket and Dunstan was genuinely eased and accomplished something odd.He cried when she passed on and he had not weeped for decades,not in any event, when his brother,father, or even his mom died.Paul in the long run got together with Percy at Dunstans home and they contended over the entire snowball occurrence and after beingfilled with sadness and blame Percy ended it all which caused Dunstan to have a Throughout the whole intrigueing novel alot achievements were done and there were a couple of glad scenes or results however the story was fundamentally one disaster after another.Every significant character from the begining kicked the bucket aside from Paul and Dunstanand there was no fruitful marriage or enduring relationship aside from the late Mr and Mrs Ramsay.Readers consistently like cheerful and merry novels,but consistently regard and recollect appalling novels.The topic of catastrophe is the thing that made ,The Fifth Business such

How to Prepare Good Papers For Financial Aid

How to Prepare Good Papers For Financial AidEvery student at the school can look forward to the day they get paid to write a paper. This form of extra work is not only fun but also rewarding, especially for those students who have excelled in school and who might just be awarded with their performance this academic year.It is easy to understand why so many schools are trying to implement financial aid schemes that encourage children to write papers. Writing good and interesting papers is no doubt a skill that almost every teacher or professor looks for to do his or her job. There are various schools that allow their students to make use of the financial aid and then reap the benefits that can be had by helping them produce papers.However, while choosing to take the advantage offered by financial aid and use it for writing papers, it is important that a student pays attention to all the aspects that might prove beneficial to his or her writing efforts. The very first step towards succ ess in writing papers is to learn about how to structure the content so that it can be successfully used for papers and academic projects.The very first thing a student should do before even starting on a project is to prepare an effective example. The problem with this is that most students have never considered this as a vital aspect when writing. They assume that this is merely an exercise that can be learned later on when the student has the time to spend more time on the topic.In reality, preparing examples is not something a student can perform easily without having an idea of what he or she wants to achieve. Preparation is crucial to its success as it should be useful to the paper. While it is true that every outline is not ready for its time, a student can ask an adult to help him or her with this aspect.Furthermore, it is important that a student does not get too caught up with the preparation of a topic and does not try to devote a full time job to it. A student should not try to prepare too much as this might only create problems. Therefore, he or she should try to put in the efforts needed to carry out the task effectively.The most important aspect that a student needs to know about is the outline. The outline can be extremely useful in leading the writer through the entire project, ensuring that he or she does not miss anything important in his or her approach to the subject. There are several instances where it was found that the writer went wrong because of the lack of information provided on an outline.A student should be aware of the many ways in which he or she can make use of financial aid when trying to write papers. Financial aid can give students the chance to write papers that can only be received for academic credit as they carry a grade of at least C. If a student is lucky enough to win his or her subject grade, the student will get the full score on the thesis paper.

For the Death Penalty Essay - 950 Words

For the Death Penalty Are we effectively punishing our most vile and baneful criminals? I believe some improvement to be necessary; the death penalty should be legalized in all states. The United States should utilize the capital punishment because it is economical and has deterring and incapacitating effects. While life with no parole sentencing is a valid alternative, the death penalty is in public favor, ruled as constitutional, is humane, and allows convicts many opportunities to appeal. While many people will claim that too many inmates are executed, the national death row currently has a population of 3726 criminals, consisting of 3669 men and 57 women, and only 712 convicts have been executed since 1976. In 2000, 85†¦show more content†¦Also, some people who oppose capital punishment believe that executions are unequally applied to Caucasians and African-Americans. This is untrue because 46.14 percent of death row inmates are Caucasians (wwwl.ncpa.org/ea/eama87a.html). Public opinion of the death penalty generally supports it. When Americans were asked if they favored the death penalty for murder convicts, 68 percent said yes (Gallup Poll, www.pollingreport.com). An ABC News Poll asked if the â€Å"death penalty is fair because killers can not kill again†, 72 percent agreed. Even when given life with no parole as an alternative, the majority of those polled by ABC News/Washington Post in April 2001, answered that they prefer the death penalty. Moreover, in 1976, the United States Supreme Court declared the death penalty constitutional (www.thepubliccause.net/deathpenalty.html#supremecourtdeathpenaltydecisions). Another reason to utilize the death penalty is to prevent criminals from escaping prison. To incapacitate these nefarious inmates prevents them from causing further harm to society. In March 2001, Lee John Knoch and Aaron O’Hara, both 23 years old, escaped the Snake River Correctional Institution in Oregon. O’Hara, who was captured by authorities, is serving a six-year sentence for sodomy, sex abuse, and two counts of rape. Knoch was not caught and had been serving life with no parole for his 1998 conviction of five counts of aggravated murder andShow MoreRelatedThe Death Penalty And The Penalty1005 Words   |  5 Pagesknew how I felt about the death penalty. Growing up in the 70 s and 80 s, it was always an eye for an eye, if someone killed another and was proven guilty then he or she would get the death penalty. In high school, I learned that if a person was convicted of the death penalty then they were allowed 13 appeals. Not sure where the 13 appeals came fro m because I cannot prove that today. The research I have found, is that there is no limit of appeals for the death penalty due to finality of the punishmentRead MoreDeath Penalty : The Penalty1475 Words   |  6 Pages DEATH PENALTY BY TURKI ARUGI 6/15/2015 ELS LANGUAGE CENER Death Penalty When someone hears about death penalty the first thing that comes up to the mind is murder, robbery, treachery but not every crime is punishable by death penalty. It is indeed a punishment for severe crimes which are not forgivable or can be done in a prison. Sometimes death penalty is the only option left for the government or it may be too dangerous to let the person to stay alive. Death penalty is one of the mostRead MoreThe Death Penalty And The Penalty2204 Words   |  9 Pagespolitician, lawyer, and author once stated, â€Å"Death row is a nightmare to serial killers and ax murderers. For an innocent man, it s a life of mental torture that the human spirit is not equipped to survive.† The death penalty, or capital punishment, refers to the punishment of a criminal convicted of a capital offense through execution (â€Å"Definition of Death Penalty†). With many criminals convicted of a capital offenses awaiting execution on death row, the death penalty has been a s eriously debated topic sinceRead MoreDeath to the Death Penalty1025 Words   |  5 Pagesany other human being, and this is where the nations that apply the death penalty are failing (Source 1). The death penalty or capital punishment is a legal process in which a person is executed as a punishment for committing a crime. It is still used in over 50 nations worldwide. Centuries before the Universal Declaration of Human Rights existed, important civilizations such as the Mesopotamian, Greek, and Roman Empires used death to punish criminals for their actions. It was such an important issueRead MoreDeath Of The Death Penalty1517 Words   |  7 PagesDeath, a word of sorrow, of pain, and of joy. Death happens to everyone eventually but what if it wasn’t your choice? What if someone else held your life in their hands? The Death Penalty dates back as far as the Eighteenth Century B.C under the ruling of King Hammurabi of Babylon(DPIC Staff). He was the first noted person to begin using the death penalty. The origin of death revolved around him and now the people of today feel that they are able to dictate how people die. Death is a prize to themRead MoreDeath Of The Death Penalty963 Words   |  4 PagesDeath has been around for centuries. It started off with single-celled organisms and has transformed into what we know it as today. Murders, dying of sickness or old age, even natural disasters and tragedies. So what about crimes worthy of the death penalty. It all started out in 1608 where the death of captain George Kendall would become the first ever recorded penalized death. He was executed for firing bullets at the Jamestown colony. Death is almost like a design and death itself hasRead MoreThe Death Of Death Penalty1697 Words   |  7 PagesThe death penalty has been notable, in the justice system of the United States of America. Established in the 18th century also known as capital punishment, execution or death penalty Which gives the government permission to punish you by death using 5 authorized methods of? Executions, such As Lethal injection, Electrocution, Gas Chamber, Hanging, or Firing Squad. Alfred Southwick was the first Person to invent the electric chair after hearing a bizarre story of An intoxicated man touchingRead MoreThe Death Penalty1347 Words   |  6 PagesThe concept of the death penalty has been around since the 1700’s B.C. where it was first defined in the Code of Hammurabi (Historical Timeline). Since then, the death penalty has morphed and changed. In 1608 A.D., Captain George Kendall in the Jamestown colony of Virginia was hanged for treason (Historical Timeline). This became the first execution recorded in America (Historical Timeline). After this moment in history, people have debated the concept of the death and if it is truly constitutionalRead MoreThe Death Penalty872 Words   |  4 PagesThe Death Penalty Cynthia Jackson SOC 101 Introduction to Sociology Instructor: Jeanette Maxey December 20, 2010 The Death Penalty Capital punishment in the 21st century endures many inequalities and injustices. The common arguments for the death penalty are filled with inadequacies. Having the death penalty is both expensive and time consuming to sentence criminals to death. The most frequently raised argument for capital punishment is retributive. According to a recent analysis sendingRead MoreThe Death Penalty Essay1549 Words   |  7 PagesThe rehearsal of the death penalty has been experienced throughout the years since the Middle Ages, but as the years go on, many countries have eliminated capital punishment either in law or in practice. This, because of people disagreeing with the fact of taking someone’s life away regardless the gravity of the felony they have committed. As it is written in the 14th amendment â€Å"†¦Nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person

Genetically Modified Foods Genetic Modification

Genetically Modified Foods Based on our studies, for years ancient farmers had been altering the genetic makeup of many crops. The old day approaches used to be simple and new varieties of produces were made through a mixture of trial and error, without knowing the exact function of the genes being moved around. The ancient farmers would pick an organism with a favorable trait or characteristic and would match them with some distantly related species through forced pollinations (Wilson, 2013). According to Wilson (2013), the speed and accuracy of these changes are the only difference between the traditional ways of genetically modifying crops and the modern methods of genetically engineering food. Nowadays, genetic modification is defined†¦show more content†¦For the sake of the argument, the process of genetically modified soybeans is going to be explained. GM crop plants contain artificially inserted genes or transgenes from other unrelated plant or from a completely different species through advanc ed genetic engineering techniques, (Singh, Ghai, Paul, Jain, 2006, p. 599). According to Singh et al, (2006) one possible result for a genetically modified Soybean (Glycine maxL.) is as followed: Phenotypic trait is Glyphosate herbicide resistance, the Transgene is Mutant EPSPS gene, and the Trait introduction method is Agrobacterium tumefaciens-mediated plant transformation or Micro-particle bombardment of plant cells or tissue (p.599). In order to genetically modify a soybean’s genetic make-up, the gene to be introduced into the soybean is first isolated. In this isolation process a marker gene gets injected to the soybean so the modified cells and unmodified cells can be distinguished. This marker gene typically converse resistance to a selective agent, often an antibiotic, so the unmodified cells can simply get killed and consequently leave the modified cells behind, and then the other gene is meant to confer a desirable phenotype, which is often herbicide and pest resist ant and/or has other food qualities such as shelf-life, taste, and/or nutritional value, (Celec, P., KukuÄ kovà ¡c M, Renczà ©sovà ¡c V, Natarajanc, S, Pà ¡lffy, R,

Sources of Finance - 1496 Words

P3 Introduction For this task I will be considering the sources of finance I will need for my company. Why might a business require finance? A business may require finance because they can either: †¢ Be setting up a new business and they do not have enough money to start up. †¢ They may need new equipment to help make the business expand and make more profit. †¢ Or they may even want to replace old machinery. †¢ They may want to move there store to a better location that might benefit there company more. †¢ Or they may want to take over another company. Additional finance can help a company keep trading while it is waiting for it payments for its last sales. It allows a business to meet ongoing costs of operation or help them to†¦show more content†¦After a fixed time or period it will be sent back to it original owner. This method of finance is good my business because it is a car rental company and this type of finance is made for these sorts of companies. Not only can I lease my products but I can lease my premises as well. Leasing is an alternative to buying money assets. As we all no buying these types of merchandise can be very expensive especially for a new business like my self. Leasing helps new firms with there cash flow. I can find this source by researching leasing companies. There are two type of leasing methods: Direct lease- A company chooses an asset it want to require form an leasing company and the leasing company rents it to you business for a period of time and eventually you will have to return it back to the leasing company after customers use it. Sometime the leasing company will allow the business to buy the asset for a good price. Leaseback- this is like the opposite of direct lease. Your company own as an asset and leases it to and leasing company and the company leases it to you. The leasing company now owns that asset. The drawbacks of leasing a car are: †¢ you can t use a leased asset as collateral for a future loan, †¢ interest rates can be very high (so be sure to negotiate it before committing), †¢ some lease terms are longer than the life expectancy of the asset, so make sure that you don t get stuck making payments on obsolete equipment, †¢ oneShow MoreRelatedsources of finance1286 Words   |  6 Pagesï » ¿Sources of finance Some sources of finance are short term and must be paid back within a year. Other sources of finance are long term and can be paid back over many years. Internal sources of finance are funds found inside the business. For example, profits can be kept back to finance expansion. Alternatively the business can sell assets that are no longer really needed to free up cash. External sources of finance are found outside the business. For example from creditors or banks. InternalRead MoreSources of Finance1111 Words   |  5 PagesIntroduction In this essay we will be looking at different sources of finance available for different type of business. Also will be looking at the definitions of different type of sources of finance, the advantages, disadvantages and also giving reasons to why different sources of finance was chosen for the given case studies. Types of sources of finance Bank Loan – is a long term loan and will often be for large amount of money for starting up a business or to expanding. Business will agreeRead MoreSources of Finance972 Words   |  4 PagesSources of finance What are the main sources and finance for UK firms and why? All firms need some kind of financing. Access to finance may differ considerably from firm to firm depending on what type of business they are and how big/known they are; Sole Trader, Public Limited or Private Limited Company. There are both INTERNAL and EXTERNAL sources of finance. Finance can be short, medium or long term. Internal sources of Finance: 2 main types 1) Funds from the owner(s) and the familyRead MoreSources of Finance1627 Words   |  7 PagesUnit 2: Business Resources Assignment 4:P4 Sources of Finance Internal Sources of finance Owners’ savings- the owner of a business often has to use their own personal savings to start a business, particularly if they are a sole trader. This is because banks may not be willing to take a risk and invest in them. Savings are a good source of finance for a business, as interest does not need to be paid to someone else while the money is being used, and the business remains totally in theRead Moresources of finance2021 Words   |  9 Pagesï » ¿Question:   IDENTIFY THE SOURCES OF FINANCE AVAILABLE TO A BUSINESS Answer: There are a number of ways of raising finance for a business. The type of finance chosen depends on the nature of the business. Large organisations are able to use a wider variety of finance sources than are smaller ones. Finance is not just needed when starting a new business, but you may be required to seek further finance even if you’re business is well established i-e further expansion, RD, new product launchRead MoreSource of Finance3105 Words   |  13 Pages1. Identify and describe the various sources of finance 1.1 Internal source 1.2 External sources 2. Assess the implication of the difference sources of finance related to risk, legal, financial and dilution of control and bankruptcy 2.1 Issue debt 2.2 Issue equity 3. Select appropriate sources of finance and make recommendations on the best ways of raising finance TASK 2: Part 1: Assess and compare various costs involve with each source of finance to Vale filters Limited Part 2: PrepareRead MoreSources of Finance1934 Words   |  8 PagesSources of Finance The financing of every business is the most fundamental aspect of its management. Get the financing right and the company will have a healthy business, positive cash flows and ultimately a profitable enterprise. The financing can happen at any stage of a business s development. On commencement of your enterprise the business entity will need finance to start up and, later on, finance to expand. Finance sources may be internal or external but they may also be short, medium orRead MoreSources of Finance7811 Words   |  32 PagesIntroduction - Sources of Finance Introduction to the Sources of Finance resource. Sources of Finance Introduction This resource is designed for use with Accounting courses at A level. This resource is relevant to the following: * AQA Module 5, Section 14.5: Types of Business Organisation, Sources of Finance * OCR Module 2505, Sections 5.3.2 and 5.6.2 For many businesses, the issue about where to get funds from for starting up, development and expansion can be crucial for the successRead MoreSources of Finance4664 Words   |  19 PagesSection 1 – Sources of Finance There are 4 main types of business ownership: †¢ Sole trader †¢ Partnership †¢ Private limited company (Ltd) †¢ Public limited company (Plc) Each of these types of business needs to raise finance for capital investment Sole Trader This is a business that is owned by one person. Sole Traders are responsible for raising all the finance to set up and run the business. Usually a sole trader would be for a small business/ (businesses with a flatRead MoreInternal Sources Of Finance And Finance Essay2349 Words   |  10 PagesInternal sources of finance: Internal sources of finance are funds that arise from within the business such as profits as they can be retained to grow the finance and selling assets. Retained profit Retained profit is the money kept in the company after paying dividends. It is used to reinvest in the business or to pay debt. It comes by a business after it makes profit and is kept separate to use in other ways such as expanding the business by developing new buildings or certain areas, buying new

Term Paper About Sports free essay sample

The sport datesback to the Egyptians, who played games involving the kicking of a ball. Now, the sport has grown to a global pastime, including men s and women steams, and the World Cup (which is played every four years). The sport is also known by other names in some parts of the English-speaking world, usually association football and its contraction, soccer. These names are often used to distinguish the game from other codes of football, since the word football may be used to refer to several quite different games. Football is a team sport played between two teams consisting of eleven players each. It is a ball game played on a rectangular grass field with a goal at each end. The objective of the game is to score by maneuvering the ball into the opposing goal. Other than the goalkeepers, players may not use their hands or arms to propel the ball in general play. The winner is the team which has scored most goals at the end of the match. Football is played at a professional level all over the world, and millions of people regularly go to football stadia to follow their favourite team, whilst billions more avidly watch the game on television. A very large number of people also play football at an amateur level. According to a survey conducted by Federation Internationale de Football Association (FIFA), footballs governing body, published in the spring of 2001, over 240 million people regularly play football in more than 200 countries in every part of the world. Its simple rules and minimal equipment requirements have no doubt aided its spread and growth in popularity. In many parts of the world football evokes great passions and plays an important role in the life of individual fans, local communities, and even nations; it is therefore often claimed to be the most popular sport in the world. Because of this it is often dubbed as the Worlds Favorite Pastime. 1. Football is rougher than most people actually think. People usually dont see whats happening outside the television camera’s view or off the field. Off the screen, you have players kicking each other, exchanging words, or even pushing each other around. Dont feel bad, though, because the referees dont see it half the time either. Then, during the game you have players slide tackling and taking each other out for possession of the ball. These players are wearing nothing to protect them from serious injuries. According to a survey conducted by Federation Internationale de Football Association (FIFA), footballs governing body, published in the spring of 2001, over 240 million people regularly play football in more than 200 countries in every part of the world. Its simple rules and minimal equipment requirements have no doubt aided its spread and growth in popularity. In many parts of the world football evokes great passions and plays an important role in the life of individual fans, local communities, and even nations; it is therefore often claimed to be the most popular sport in the world. Because of this it is often dubbed as the Worlds Favorite Pastime. 2. II. History of Football (Soccer) During the 1800s the people of England played a game similar to soccer. Many rules changed and each person interpreted the rules differently. The modern version came about in the early nineteenth century,in England. It started as a game involving kicking and handing, but later this branched off into two separate sports: rugby and football (which is what the English call soccer). In 1848 a group of school representatives met at Trinity College in Cambridge and drew up the first of soccer rules. In 1863 English soccer clubs founded the Football Association. By the late 1800s soccer began to spread to the rest of the world. The Canadian Soccer Association was established in 1912 while the United States Soccer Federation was set up in 1913. The first World Cup Championship was in Montevideo, Uruguay. Since then it has been played every four years except during WWII. The North American Soccer League (NASL) was formed in 1968 and the sport began to gain popularity in the 1970 s. Modern Game and Rules The modern game of soccer has a simple goal: kick or head the ball in to the goal of your opponent s team. Basically, there is also one simple rule: No one except the goalkeeper may use they rehands to play the ball. Soccer is a simplistic sport. Eleven members of each team defend their side of the field to prevent the ball from being forced into their goal, which results in a point scored by the team kicking the ball. There are only three officials involved during play: The referee, and two linesmen. The equipment used in soccer is also very simple. In addition to the field itself, all that is needed for a game is two goals (eight feet high and eight yards apart) and a ball. Each player wears hard plastic or padded shin guard, covered by long socks, for protection during play. Cleats are alsoworn for traction on the field. A goalie may also wear a special padded shirt,and gloves to protect his or her hands. A standard field, as regulated by the Federation International de Football Association (or FIFA), has a length between 100 and 130 yards,and a width of between 50 and 100 yards. The rules of play for soccer have deliberately been kept simple. The referee makes most of the decisions, and attempts to encourage fair play. A soccer or football game begins with a kickoff in the center of the field. A coin is flipped to decide which team will kickoff. The other team kicks off at the start of the second half when the teams switch sides or nets. 3. III. Nature of the game The game is played in accordance with a set of rules known as the Laws of the Game, which are summarised below. Two teams of eleven players each compete to get a round ball (itself known as a football) into the other teams goal, thereby scoring a goal. The team which has scored the most goals at the conclusion of the game is the winner; if both teams have an equal number of goals then the game is a draw. The primary rule for this objective is that players, other than the goalkeepers, may not intentionally touch the ball with their hands or arms during play (though they do use their hands during a throw-in restart). Although players mainly use their feet to move the ball around, they may use any part of their bodies other than their hands or arms. The physical contact between players is restricted: holding, tripping, kicking or excessively pushing opponents is not allowed. Such actions (along with handling the ball) are called fouls and are punishable by a free kick (or a penalty kick if commited in the vicinity of the offenders goal; see below for details). In typical game play, players attempt to move towards a goal through individual control of the ball, such as by dribbling (running with the ball close to their feet); by passing the ball from team-mate to team-mate; and by taking shots at the goal. Opposition players may try to regain control of the ball by intercepting a pass or through tackling the opponent who controls the ball. Football is generally a free-flowing game with the ball in play at all times except when the ball has left the field of play by wholly crossing over a boundary line (either on the ground or in the air), or play has been stopped by the referee. When play has been stopped, it recommences with a specified restart (see below). At a professional level, usually a few goals are scored during a match. For example, during 2004-05 season of the FA Premier League, an average of 2. 57 goals per match were scored, and 88% of the matches ended up with not more than 4 goals scored. However, only 8% of the matches finished goalless. 4. IV. Playing Area An  association football pitch  (also known as a  football pitch,  football field[1]  or  soccer field) is the playing surface for the game of  association football  made of turf. Its dimensions and markings are defined by Law 1 of the  Laws of the Game, The Field of Play. [2] All line markings on the  pitch  form part of the area which they define. For example, a ball on or above the  touchline  is still on the field of play; a ball on the line of the goal area is in the goal area; and a foul committed over the 16. -metre (18-yard) line has occurred in the  penalty area. Therefore a ball must completely cross the touchline to be out of play, and a ball must wholly cross the goal line (between the goal posts) before a goal is scored; if any part of the ball is still on or above the line, the ball is still in play. The field descriptions that apply to adult matches are described below. N ote that due to the original formulation of the Laws in England and the early supremacy of the four British football associations within IFAB, the standard dimensions of a football pitch were originally expressed in  imperial units. The Laws now express dimensions with approximate  metric  equivalents (followed by traditional units in brackets), but use of the imperial units remains common in some countries, especially in the United Kingdom. 5. V. Physical (Soccer/Football) Conditioning Soccer is a sport requiring high levels of physical fitness. It is one of those rare games which demands not only speed but agility, strength, power and endurance. Players at top levels can run over 14 km in a game whilst not forgetting the frequent accelerations, decelerations, changes of direction and jumps they must undertake. Fitness is important at all levels of the game, whilst being essential for top level players, it is beneficial for beginners who will improve both their effectiveness and enjoyment through good standards of fitness. The aim of fitness training in football is to enable a player to cope with the physical demands of the game as well as allowing the efficient use of his various technical and tactical competencies throughout the match. Fitness may be described as a set of attributes that an individual has or has acquired which help in their ability to perform physical activity. The diagram below (Fig 1) outlines the general components which make up and are required for physical fitness in sport. Mental fitness and diet could be included but the diagram refers to the main components of fitness which require physical activity and which bring about physiological changes in the body. | Fitness as mentioned earlier is based on the attributes an individual has, meaning what he is born with or has acquired, in other words through training. Thus, performance is influenced by inherited abilities (genetic) and training status. An individual who is naturally gifted will still need proper training to make the most of their talent. Different sports require different fitness components. Football players must be able to perform prolonged intermittent exercise (endurance), exercise at high-intensity, sprint, and develop high levels of power (force) when kicking and tackling. Good levels of agility and coordination are also necessary and distinguish between elite and average players. During a game the exercise intensity varies continually thus fitness training should be as realistic as possible. Training should also involve regular use of the ball as this will not only help develop the specific muscles involved in match play, but improve technical and tactical skills and help keep players interested. 6. Coaches such as Marcello Lippi formerly at Juventus, are big believers in individual fitness programs as every player has different needs. This is important as well when training women and youth players. Fig 2 details the major components involved in football specific training. | In all the different components of fitness mentioned above, there are certain basic principles that apply to football fitness training. Frequency   Refers to the quantity of training sessions during a defined period of time, often a week. For example, a professional player may train twice a day, 5 times a week. Intensity   Can be simply defined by how  hard  a player trains. Too much exercise can lead to injury and fatigue whereas too little will not have enough of an effect. Elite players can train longer and harder than players at a lower level. Intensity is often based on the number of repetitions and how many exercises/sets done. It is linked to the principle of progressive overload. Progressive overload amp; duration   Training programs should stress the players’ physiological mechanisms enough to cause an improvement in the desired area. This means that working on the same fitness programme for a long time will not bring about improvement. Therefore, training status will only be bettered by gradually increasing the load that the body is working against. Incorrect overload may bring injury and demotivation due to over-zealous targets. The duration is the time spent in a training session and is dependent upon the sport and individual.

Banking Scenario in Bangladesh Essay Example

Banking Scenario in Bangladesh Essay Example Banking Scenario in Bangladesh Essay Banking Scenario in Bangladesh Essay Rahmanir Rahim An Empirical Study of Performance of Islamic Banks in Bangladesh with special reference to Islami Bank Bangladesh Ltd By Shah Abdul Hannan, Former Secretary, Ministry of Finance, Government of Bangladesh and M. Fariduddin Ahmad Deputy Executive President Islami Bank Bangladesh Limited ________________________________________________ SECTION – I Banking Scenario in Bangladesh When Bangladesh came into existence on the 16th December, 1971, the banking sector of Bangladesh was in a total disarray. With the exception of two local banks incorporated in then East Pakistan, all the bigger local banks became inoperational.. Starting with such a humble   condition, the Banking Sector of Bangladesh has grown to a great extent. At present there are 49 Banks in Bangladesh. The structure of Banking in Bangladesh is as under: 1. Nationalized Commercial Banks 4 2. Specialized Banks 5 3. Private Sector Commercial Banks : a) Conventional Banks25 b) Islamic Banks 5 4. Foreign Commercial Banks a) Conventional Banks 9 b) Islamic Banks 1 Total49 - SECTION – II Genesis of Islamic Banking in Bangladesh In August 1974, Bangladesh signed the Charter of Islamic Development Bank and committed itself to reorganize its economic and financial system as per Islamic Shariah. In January 1981, the then President of People’s Republic of Bangladesh while addressing the 3rd Islamic Summit Conference held at Makkah and Taif suggested, â€Å"The Islamic countries should develop a separate banki ng system of their own in order to facilitate their trade and commerce. This statement of the President indicated favourable attitude of the Government of the People’s Republic of Bangladesh towards establishing Islamic banks and financial institutions in the country. Earlier in November 1980, Bangladesh Bank, the country’s Central Bank, sent a representative to study the working of several Islamic banks abroad. In November 1982, a delegation of IDB visited Bangladesh and showed keen interest to participate in establishing a joint venture Islamic Bank in the private sector. They found a lot of work had already been done and Islamic banking was in a ready form for immediate introduction. Two professional bodies Islamic Economics Research Bureau (IERB) and Bangladesh Islamic Bankers Association (BIBA) made significant contributions towards introduction of Islamic banking in the country. They came forward to provide training on Islamic banking to top bankers and economists to fill-up the vacuum of leadership for the future Islamic banks n Bangladesh. They also held seminars, symposia and workshops on Islamic economics and banking throughout the country to mobilise public opinion in favour of Islamic banking. Their professional activities were reinforced by a number of Muslim entrepreneurs working under the aegis of then Muslim Businessmen Society (now reorganised as Industrialist Businessmen Association). The body concentrated mainly in mobilising equity capital for the emerging Islamic bank. At last, the long drawn struggle to establish an Islamic bank in Bangladesh became a reality and Islami Bank Bangladesh Limited was established on 30th March, 1983 in which 19 Bangladeshi national, 4 Bangladeshi institutions and 11 banks, financial institutions and government bodies of the Middle East and Europe including IDB and two eminent personalities of the Kingdom of Saudi Arabia joined hands to make the dream a reality. Later, other 5 Islamic Banks were established in the country. 7 conventional banks have so far established Islamic Banking branches in some major cities. SECTION – III Comparative Position of Islamic Banking and Conventional Banking in Bangladesh. Deposits: Total deposits of the Banking Sector of Bangladesh stood at Taka 1,415,877 million as on 30. 06. 2005 of which Islamic Bank mobilized deposit to the tune of Taka 3031897 million i. e. their share in total deposits of the Banking system is 11. 98%. A detail analysis of deposits of all Banks vis-a-vis deposits of Islamic Banks by Type of Accounts is given in the following Table: Table – I Deposits distributed by Types of Accounts Amount in Million Taka (US $ 1=Taka 67. 50) |Sl. No. |Types of Accounts |All Banks |Islamic Banks |Share of Islamic banks (%) | | | |Nos. of Accounts |Amount | | | |Nos. of Accounts |% of total | | | |Nos. f Accounts | | |a) Long Term |91,664 |1. 11 | | |Project Finance | | | | |Amount |% of total |Amount |% of total | | |Urban |999,742 |89. 8 |152,146 |97. 27 |15. 22 | |Rural |117,579 |10. 52 |4,264 |2. 73 |3. 63 | | Total |1,117,321 |100 |156,410 |100 | | [pic] [pic] Islamic Banks All Banks Advances classified by Geographical Areas The Islamic Banks In Bangladesh could not yet make much headway in providing finance to rural areas as their operations are still limited to urban areas. The Islami Bank Bangladesh Limited, the first established Islamic Bank in Bangladesh, has reached to 4560 villages (out of 68,000 villages) of the country through their 101 branches and have so far provided finance amounting to Taka 4362 million to 164,116 rural poors, the recovery rate of which is 99%. Section – IV Operations of Islamic Banking in Conventional Banks In Bangladesh 6 conventional Banks namely, Prime Bank Limited, Dhaka Bank Limited, City Bank Limited, Premier Bank Limited, South East Bank Limited, Jamuna Bank Limited have taken the initiative of providing Islamic banking facilities within their existing set-up. They have established full-fledged Islamic branches and mobilized substantial amount of deposit, making investment and providing all types of banking services under Islamic modes. A Bank namely ‘Exim Bank’ was incorporated in 2002 as a conventional Bank but subsequently converted to an Islamic Bank. More conventional Banks are contemplating to establish Islamic branches in the near future. The above Banks have formed Shariah Council to oversee the operations of their Islamic Branches and they are also member of the Central Shariah Board for Islamic Banks of Bangladesh. The growth trend of deposit and investment of Islamic branches of the above 6 conventional Banks is highly satisfactory. Section – V Evaluation of Performance of Islamic Banks: Tools Instruments employed. 1. 00Concept and definition of Islamic Banking: General Secretariat of the OIC defined Islamic Banking as An Islamic Bank is a financial institution whose statutes, rules and procedures expressly state its commitment to the principles of Islamic Shariah and to the banning of the receipt payment of interest on any of its operations. 6. 02Modes of Deposit: Deposits are accepted by the Islamic Banks under the following Modes: 6. 02. 1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Al-Wadeeah: The word Al-Wadeeah has been derived form the Arabic word Wadyun which means to keep/to deposit to give up, leave off etc. In Islamic Banking, the principle of Al-Wadeeah means, the Bank receives money from the clients for safe-custody with the condition to return the money on demand by the customer. Current Accounts are opened under this principle. Depositors authorise the Bank to use the money at Banks risk. The customer is not entitled to receive any benefit from the Bank. 6. 02. 2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Al-Mudarabah: The word Mudaraba has been derived from the Arabic word Darb/Darbun which means movement to earn rahmat (Munafa) of Allah. Mudaraba is a form of partnership where one of the contracting parties called the Shahib-al-Maal or the Rabb-ul-Maal (the financier) provides a specified amount of capital and acts like a sleeping or a dormant partner while the other party, called the Mudarib (entrepreneur), provides the entrepreneurship and management for currying on any venture, trade, industry or service with the objectives of earning profits. The Mudarib is in the nature of a trustee as well as an agent of the business. Profit is distributed as per preagreed ratio while the loss is entirely borne by the Shahib-al-Maal. . 02. 3Al Mudarabah deposit Products: There can be many types of Mudarabah deposit products. The following are the title of some of the Mudarabah Products so far introduced by the Islamic Banks in Bangladesh:  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Special Notice Deposit  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Savings Deposit  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Term Deposit  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Savings Bonds  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Special Savings (Pension)  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Monthly Profit Deposit Scheme  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Muhar Savings   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Cash Waqf Deposit  ¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mudarabah Hajj Deposit. 6. 03Modes of Investment: Investment can be made by the Islamic Banks under the following Modes: However, the Islamic Banks in Bangladesh have so far introduced Bai-Murabaha, Bai-Muajjal, Bai-Salam Hire purchase under Shirkatul Meelk Modes. 6. 03. 1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Profit Loss Sharing Mode ?  Ã‚  Ã‚  Ã‚  Ã‚   Shirkat/Musharaka The term refers to a financing technique adopted by Islamic Banks. It is an agreement under which the Islamic bank provides funds which are mingled with the funds of the business enterprise and others. All providers of capital are entitled to participate in the management but not necessarily required to do so. The profit is distributed among the partners in pre-determined ratios, while the loss is borne by each partner in proportion to his contribution. 6. 03. 2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Profit sharing Loss bearing Mode: ?  Ã‚  Ã‚  Ã‚  Ã‚   Al-Mudarabah The word Mudaraba has been derived from the Arabic word Darb/Darbun which means movement to earn rahmat (Munafa) of Allah. Mudaraba is a form of partnership where one of the contracting points called the Shahib-al-Maal or the Rabb-ul-Maal (the financier) provides a specified amount of capital and acts like a sleeping a dormant partner while the other party, called the Mudarib (entrepreneur), provides the entrepreneurship and management for caring on any venture, trade, industry or service with the objectives of earning profits. The Mudarib is in the nature of a trustee as well as an agent of the business. Profit in distributed as per preagreed ratio while the loss is entirely borne by the Shahib-al-Maal. . 03. 3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Bai-Mode (Buying Selling): ?  Ã‚  Ã‚  Ã‚  Ã‚   Bai-Murabaha: Literally, sale on profit. Technically, a contract of sale in which the seller declares his cost and profit. This has been adopted as a mode of financing by a number of Islamic Banks. As a financing technique, it involves a request by the client to the bank to purchase a certain item for him. The bank does that for a definite profit over the cost which is settled in advance. ?  Ã‚  Ã‚  Ã‚  Ã‚   Bai-Muajjal: Literally, a credit sale. Technically, a financing technique adopted by Islamic Banks. It is a contract in which the seller allows the buyer to pay the price of a commodity at a future date in a lump sum or in installments. The price fixed for the commodity in such a transaction can be the same as the spot price or higher or lower than the spot price. ?  Ã‚  Ã‚  Ã‚  Ã‚   Bai-Salam: This term refers to advance payment for goods which are to be delivered later. Normally, no sale can be effected unless the goods are in existence at the time of the bargain. But this type of sale forms and exception, to the general rule provided the goods are defined and the date of delivery is fixed. The objects of this type of sale are mainly tangible things but exclude gold or silver as these are regarded as monetary values. Barring these, bai-salam covers almost all things which are capable of being definitely described as to quantity, quality and workmanship. One of the conditions of this type of contract is advance payment; the parties cannot reserve their option of rescinding it but the option of revoking it on account of a defect in the subject matter is allowed. It is also applied to a mode of financing adopted by Islamic Banks. It is usually pplied in the agricultural sector where the bank advances money for various inputs to receive a share in the crop, which the bank sells in the market. ?  Ã‚  Ã‚  Ã‚  Ã‚   Bai-Ishtisna: Istisnaa is a sale contract by which al-sani (the seller) on the basis of the order placed by al-mustasni (the buyer) after having manufactured or otherwise acquired al-masnoo (the goods) as per specification sells the same to al-mustasni for an agre ed upon price and method of settlement whether that be in advance, by instalments or deferred to a specific time. It is a condition of Istisnaa contract that al-sani should provide either the raw material or the labour.   Ã‚  Ã‚  Ã‚  Ã‚   Bai-Istijrar: Istijrar means purchasing goods from time to time in different quantities. In Islamic jurisprudence Istijrar is an agreement where a buyer purchases something from time to time; each time there is no offer or acceptance or bargain. There is one master agreement where all terms and conditions are finalized. There are two types of Istijrar:   Ã‚  Ã‚  Whereby the price is determined after all transactions of purchase are complete.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Whereby the price is determined in advances but the purchase is executed from time to time. The first kind is relevant with the Islamic mode of financing. This kind is permissible with certain conditions. a. In the case where the seller discloses the price of goods at the time of each transaction; the sale becomes valid only when the buyer possess the goods. The amount is paid after all transactions have been completed. b. If the seller does not disclose each and every time to the buyer the price of the subject matter, but the contractors know that it is being sold on market value and the market value is specified and determined in such a manner that it does not vary and it does not lead to differences of the contractors. . If at the time of possession, the price of subject matter was unknown or contractors agree that whatever the price shall be, the sale will be executed. However, if there is significant difference in the market price and the agreed price, it may cause conflict. In such a case, at the time of possession, the sale will not be valid. However, at the time of settlement of the payment, the sale will be valid. ?  Ã‚  Ã‚  Ã‚  Ã‚   Bai-Musawamah: It refers to normal sale in which cost price is not known. ?  Ã‚  Ã‚  Ã‚  Ã‚   Bai-Surf: It refers to the sale of gold, silver and currency.   Ã‚  Ã‚  Ã‚  Ã‚   Bai-Muqayada: It refers to barter sale excluding currency sale. 6. 03. 4Rent Sharing Mode: ?  Ã‚  Ã‚  Ã‚  Ã‚   Ijarah (Lease) The term Ijarah has been derived from the Arabic works ‘’ (Ajr) and ‘ ’ (Ujrat) which means consideration, return, wages or rent. This is really the exchange value or consideration, return, wages, rent of service of an asset. Ijarah has been defined as a contract between two parties, the Hiree and Hirer where the Hirer enjoys or reaps a specific service or benefit against a specified consideration or rent from the asset owned by the Hiree. It is a hire agreement under which a certain asset is hired out by the Hiree to a Hirer against fixed rent or rentals for a specified period. ?  Ã‚  Ã‚  Ã‚  Ã‚   Ijarah wa iqtina (Hire Purchase): This term refers to a mode of financing adopted by Islamic Banks. It is a contract under which the Islamic Bank finances equipment, building or other facility for the client against an agreed rental together with an undertaking from the client to purchase the equipment or the facility. The rental as well as the purchase price is fixed in such a manner that the bank ets back its principal sum along with some profit which is usually determined in advance. ?  Ã‚  Ã‚  Ã‚  Ã‚   Hire purchase under Shirkatul Melk (HPSM): Hire Purchase under Shirkatul Melk is a special type of contract which has been developed through practice. Actually, it is a combination of three contracts viz: Shirkat, Ijarah and Sale. Shirkat means partnership. Shirkatul Melk means share in ownership. When two or more pers ons supply equity, purchase an asset, own the same jointly, and share the benefit as per agreement and bear the loss in proportion to their respective equity, the contract is called Shirkatul Melk contract. . 03. 5Production Sharing Mode: ?  Ã‚  Ã‚  Ã‚  Ã‚   Mozarah: It is a contract in which one person agrees to Till the land of the other person in return for a part of the produce of the land. ?  Ã‚  Ã‚  Ã‚  Ã‚   Musaqah: A contract in which the owner of the garden shares its produce with another person in return for his services in irrigating the garden. 6. 03. 6Quard-al-Hasana: A virtuous loan. A loan with the stipulation to return the principal sum in the futurewithout any increase. 7. 00Steps in the investment operations: ?  Ã‚  Ã‚  Ã‚  Ã‚   Induction of the client ?  Ã‚  Ã‚  Ã‚  Ã‚   Application ?  Ã‚  Ã‚  Ã‚  Ã‚   Processing Appraisal   Ã‚  Ã‚  Ã‚  Ã‚   Sanction ?  Ã‚  Ã‚  Ã‚  Ã‚   Documentation ?  Ã‚  Ã‚  Ã‚  Ã‚   Disbursement ?  Ã‚  Ã‚  Ã‚  Ã‚   Monitorin g, End-use, Supervision Recovery 8. 00Fixation of sale price of Bai-Murabaha goods: A. Purchase price of the Goods Plus (+) B. Other expenditure incurred by the Bank in connection with the purchase, transportation and storage before sale of the goods to the client viz: i)Conveyance ii)Commission, if any, paid to agent iii)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Cost of remittance of Fund iv)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Transportation cost v)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Insurance vi)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Godown rent ii)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Other expenses if any. C. Total Cost Price (A+B) D. Profit Mark up E. Sale Price 8. 01Fixation of Rent under Rent Sharing Mode: 8. 01. 1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Diminishing Balance Method: In this method the installments are not equal. Principal installment remains equal. Rent unequal i. e. calculated on t he outstanding principal. As at the initial stage principal outstanding remain higher so rent is higher which make the installment size larger. 8. 01. 2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Equal Installment Method (Annuity Method): In this method the installments are equal. Principal Rent are unequal. Rent is calculated on the outstanding principal and the rest amount of installment is adjusted against Principal. At the initial stage principal outstanding remain higher so rent is higher anddecreased gradually. At the initial stage principal adjustment is less and increases gradually. The main difference between the Diminishing Balance Method and Annuity Method is that the Principal adjustment is not equal. As at the initial stage Principal adjustment is less the total Rent in this method is more than the Diminishing Balance Method. 8. 01.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Equal Installment Method (Equal Rent Method): In this method the installments are equal. Principal Rent remain equal. Rent is calculated for the whole period of Investment considering diminishing balance of Principal equally distributed all over the repayment period. Though the total rent on the investment in this case is equal to that of Diminishi ng Balance Method but the effective R. R. is less due to opportunity loss on the calculated but not realized rent for the 1st half of the repayment period. 9. 00Nature of Shariah Lapses generally occur in Investment Operations: . 01  Ã‚   Cash facilities are allowed to the client instead of investment through buying and selling of goods. 9. 02  Ã‚   Fresh investments are allowed for adjustment of previous liability of the client without proper buying and selling of goods. 9. 03  Ã‚   Letter of authority is not obtained from the client in case of investment against Bai-Murabaha (Post Import) and Bai-Murabaha under dealership license in the name of Investment Clients. 9. 04  Ã‚   Rent/Profit is charged and recovered for the gestation period under Hire Purchase Sunder Shirkatul Melk investment. . 05  Ã‚   Pre-fixed profit is recovered in the Pre-shipment Musharaka Investment instead of actual profit. 9. 06  Ã‚   Cash Memo obtained in the name of Client instead of in the nam e of the Bank. 9. 07  Ã‚   Cash Memo is not at all obtained. 9. 08  Ã‚   Agreements are kept blank and undated. 9. 09  Ã‚   Back dated/Post Dated cash Memo is obtained. 9. 10  Ã‚   The application for Payment Order/Demand Draft/T. T. etc. is signed by the Client instead of signing the same by the Bank. 9. 11  Ã‚   The amount of disbursement does not agree with the amount of Cash Memo. 9. 2  Ã‚   Goods are received directly by the Client instead of receipt of goods first by the Bank and then by the Client. 9. 13  Ã‚   Documents of receiving goods by the Branch are not available in the Branch record: 9. 14  Ã‚   Bai-Muajjal investment is allowed in case of Stock-lot items. 10. 00 Distribution of Profit to Mudaraba Depositors: The principles of calculation and distribution of profit to Mudaraba Depositors generally followed by different Islami Banks are as under: 10. 01. Mudaraba Depositors share income derived from investment of their fund. 0. 02. Mudaraba Depositors d o not share any income derived from miscellaneous banking services where use of their fund is not involved, such as commission, exchange, service charges and other fees realised by the Bank. 10. 03. Mudaraba Deposits get priority in the matters of investment over Banks equity and other cost free funds. 10. 04. The gross income derived from investments during the accounting year is, at first, allocated to Mudaraba Deposits and Equity cost-free-funds according to their proportion in the total investment. 10. 05. The share of gross investment income of Mudaraba Deposits as worked out in terms of principle shown against serial No 10. 04 is distributed as under: a) Bank retains a preagreed portion (say 20%) as management fee for managing the investment. b) Bank retains another preagreed portion (say 15%) for off-setting investment loss or with a view to maintaining a general level of return on Mudaraba Deposits. c) The remaining portion (say 65%) is distributed to Mudaraba Depositors applying weightages. 10. 06. Let us suppose that an Islami Bank applies the following weightages to Mudaraba Deposits. ) Mudaraba Hajj Savings Deposit 110% b) Mudaraba Term Deposits36 Months100% 24 98% 12 96% 06 92% 03 88% c) Mudaraba Savings 75% d) Mudaraba Short Notice 55% 10. 07. On the basis of the above principles, let us work out the rates of profit using the information and figures given below: a) Total InvestmentTk. 1000 b) Total Investment IncomeTk. 150 c) Total fund employed i) Banks equity and Al-Wadeea h Deposits Tk. 200 ii) Mudaraba DepositsTk. 800 Tk. 1000 Therefore the share of investment income of Mudaraba Deposit will be (150 ( 1000 ( 800) Tk. 120. 00 Less: ) 20% Management Fee Tk. 24. 00 b) 15% Loss Off-setting Reserve Tk. 18. 00 Tk. 42. 00 Distributable Investment Income Tk. 78. 00 |Sl. No |Type of Mudaraba |Yearly Product |Weightage |Weighted Product |Share of | | |Deposit | | | |Distributable | | | | | | |Profit | 1. 00Foreign Trade Foreign Exchange business under Islamic Framework: Musharaka can be used for Import Financing as well. There are two types of bank charges on the letter of credit provided to the importer: 11. 01Import Financing a. Service charges for opening an LC b. Interest charged on LCs, which are not opened on full margin. Collecting service charges for this purpose is allowed, but as interest cannot be charged in any case, experts have proposed two methods for financing LCs: a. Based on Musharakah/Mudarabah. b. Based on Murabaha. 1. 01. 1Musharakah/Mud arabah: This is the best substitute for opening the LC. The Bank and the importer can make an agreement of Musharakah or Mudarabah modes before opening the LC. If the LC is being opened at zero margin then an agreement of Mudarabah can be made, in which the bank will become Rab-ul-Mall and the importer Mudarib. The bank will own the goods that are being imported and the profit will be distributed according to the agreement. If the LC is being opened with a margin then a Musharakah agreement can be made. The bank will pay the remaining amount and the goods that are being imported will be owned by both of them according to their share of investment. The bank and the importer, with their mutual consent can also include a condition in the agreement, whereby; Musharaka or Mudarabah will end after a certain time period even if the goods are not sold. In such a case, the importer will purchase the Banks share at the market price. 11. 01. 2Bai-Murabahah: At present Islamic banks are using Bai-Murabaha, to finance LC. These banks themselves import the required goods and then sell these goods to the importer on Bai-Murabahah agreement. Bai-Murabahah financing requires the bank and the importer to sign at least two agreements separately; one for the purchase of the goods, and the other for appointing the importer as the agent of the bank (agency agreement). Once these two agreements are signed, the importer can negotiate and finalize all terms and conditions with the exporter on behalf of the bank. 11. 02Export Financing: A bank plays two very important roles in Exports. It acts as a negotiating bank and charges a fee for this purpose, which is allowed in Shariah. Secondly, it provides export-financing facility to the exporters and charge interest on this service. These services are of two types: a. Pre shipment financing b. Post shipment financing As interest cannot be charged in any case, experts have proposed certain methods for financing exports. 11. 02. 1Pre Shipment Financing: Pre shipment financing needs can be fulfilled by two methods a. Musharaka/Mudarabah b. Bai-Salam The most appropriate method for financing exports is Musharakah or Mudarabah. Bank and exporter can make an agreement of Mudarabah provided that the exporter is not investing; other wise Musharakah agreement can be made. Agreement in such case will be easy, as cost and expected profit is known. The exporter will manufacture or purchase goods and the profit obtained by exporting it will be distributed between them according to the predefined ratio. A problem that can be encountered by the bank is that if the exporter is not able to deliver the goods according to the terms and conditions of the importer, then the importer can refuse to accept the goods, and in this case exporters bank will ultimately suffer. This problem can be solved by including a condition in Mudarabah or Musharakah agreement that, if exporter violates the terms and conditions of export agreement then the Bank will not be responsible for any loss which arises due to this negligence. This condition is allowed in Shariah as the Rabb-ul-mal is not responsible for any loss that arises due to the negligence of Mudarib. 11. 02. 2 Bai-Salam: Bai-Salam is being used in Islamic Banks for export financing. Banks purchases goods that are to be exported at price that is less than the price agreed between the exporter and the importer. It then exports goods at the original price and thus earns profit. Bai-Salam financing requires bank and exporter to sign at least two agreements separately, one for the purchase of goods and the other for appointing the exporter as the agent of the bank (that is agency agreement). Once these two agreement are signed, the exporter can negotiate and finanlize all the terms and conditions with the importer on behalf of the bank. Post Shipment Financing: Post shipment finance is similar to the discounting of the bill of exchange. Its alternate Shariah compliant procedure is discussed below: The exporter with the bill of exchange can appoint the bank as his agent to collect receivable on his behalf. The bank can charge a fee for this service and can provide Quard-al-Hasana to the exporter, which is equal to the amount of the bill, and the exporter will give his consent to the bank that it can keep the amount received from the bill as a payment of the loan. Here two processes are separated, and thus two agreements will be made. One will authorize the bank to collect the bill amount on his behalf as an agent, for which he will charge a particular fee. The second agreement will provide Quard-al-Hasana to the exporter, and authorize the bank for keeping the amount received through bill as a payment for Quard-al-Hasana. Section – VII National International ratings of the Pioneer Islamic Bank â€Å"Islami Bank Bangladesh Limited†. IBBLs past performances have been evaluated by Bangladesh Bank, several credit rating agencies home abroad and by the local press. International Press â€Å"In the midst of a difficult Banking system known to be plagued by high non-performing loans (NPLs), one could easily conclude that it would be difficult to find a bank that is different from norm. However, IBBL provides a refreshing change and is, thus, a pleasant surprise. Although it does not command the market share as the 4 public sector banks, IBBL, which claims to have little interference in lending from the government, has nonetheless, managed to find a niche market of its own-says the ‘BANK WATCH’ a New York based international Credit Rating Agency in its January 30, 1998 issue. â€Å"As a market leader offering banking services based on the Islamic rule of Shariah, IBBLs profitability trend has been quite impressive. The Banks ability to keep its return on asset (ROA) well above the industrys average, reflected its resilience to possible shocks in the banking system. Concerns over massive NPLs and under provisioning are common amongst local banks. But this seems well resolved in IBBL. IBBLs good performance and solid capital base have indeed provided refreshing change found within a banking system saddled and held back by huge NPLs† the above agency continued to comment in the same ssue. National Press â€Å"It is one of a few local banks according to CAMEL (Capital, Assets, Management, Earnings Liquidity) rating made by the Bangladesh Bank. It holds the highest amount of liquidity among all banks and its ability to keep return on assets at 1. 07 percent is well above the banking sectors average of 0. 33 percent†- The Financial Express, Dhaka commented in its issue of May 28,1998. The Holiday† in its 29th August, 1997 issue carried out a report under the heading â€Å"Setting a precedence of sound banking† and commented â€Å"While the countrys banking system is burdened with bad debt portfolios and also suffers from a liquidity shortage, the Islami Bank Bangladesh Ltd. (IBBL) has created a unique precedence by improving its reserve and deposit positions substantially, making handsome profits, and offering attractive dividends to its share holders and depositors. † IBBLs World rating As per Bankers Almanac (2006 edition) published by the Reed Business Information, Windsor Court, England, IBBLs world Rank is 1620 among 3000+ banks selected by them and country rank 5 among 49 Banks. CRISL, a Joint Venture credit rating Agency, operating in Bangladesh rated IBBL ‘ST-I’, highest grade which means highest certainty of timely payment. Short term liquidity including internal fund generation is very strong and access to alternative sources of funds is outstanding. Safety is almost like risk free government short term obligations. Success Stories of Islamic Bank Bangladesh Limited: The IBBL has many success stories of achievements. These are summarised below : One :IBBL is the pioneer institution for introduction of Islamic Banking in Bangladesh. Two :The success of IBBL has imbibed other sponsors at home and abroad to establish Islamic Banking in Bangladesh. Four national, one international Islamic banks have since been established in the country. 6 private sector traditional banks have also established several Islamic Banking branches. Several other existing traditional banks have also expressed their intention to introduce Islamic Banking. Three:IBBL has successfully mobilised deposits from a section of people who hither-to-before did not make any deposit with interest based banks. Four :The Islamic Banking products which are offered by IBBL through its 169 branches located at important centres all over the country and spontaneous acceptance of those products by the people proves the superiority of Islamic banking. Five :IBBLs market share of deposit investment and ancillary business is steadily increasing. Six :IBBL, though still a tiny bank, handles more than 10% of countrys export and import trade. Seven:Among the contemporary commercial Banks IBBLs position is first in respect of mobilisation of deposit, deployment of fund and earning profit. Eight:Investment in industrial sector occupies about 38% of IBBLs investment portfolio. This is a unique example of industrial finance by a commercial Bank. Nine:More than 2,00,000 workers are employed in the industrial projects financed by IBBL. IBBL has thus made significant contribution to solving unemployment problem of the country. Ten:Dhaka- the capital of Bangladesh being a Mega city- has acute transport problem. IBBL has joined hands with an enterprising group to introduce a fleet of Premium Bus service which has attracted the attention of all section of the people and mitigated transportation problem of the city to some extent. Eleven:IBBL has introduced several other welfare oriented investment schemes, such as Small Transport Investment Scheme, Small Business Investment Scheme, Agriculture Implements Investment Scheme, Poultry Investment Scheme, Household Durable Investment Scheme, Housing Investment Scheme etc. Twelve :IBBL launched a Rural Development Scheme for providing finance to drown trodden section of the populace an area where no other Commercial Bank has extended any finance. IBBLs mission is to reach to all 68,000 villages of the country as early as possible. Thirteen :IBBL has contributed 3000 million Taka as income tax to the Government Exchequer on its net profit over the last 22 years. Fourteen :At the initiative and drive of IBBL, several Universities in Bangladesh have introduced Courses on Islamic Banking and finance. Fifteen :IBBL has organised a good number of national and international Seminars on Islamic Banking and Economics. Importantly, IBBL sponsored a Seminar at Dhaka with a view to forming an Islamic Common Market. Sixteen :IBBL has earned reputation in the country as a corruption free Institution. Seventeen :IBBL is held in high esteem in the banking circle as a good managed bank. Eighteen :Under the leadership of IBBL, Bangladesh Association of Banks (BAB) has been formed. This is a platform to ventilate the stand-points on banking issues of the private sector banks. Nineteen :IBBL has established a foundation called ‘Islami Bank Foundation’ for carrying out social welfare activities. The foundation has taken up a number of schemes covering the whole of Bangladesh. A sum of Taka 1000 million has so far been spent in social welfare activities. Some important Schemes of the Foundation are Welfare Activities of Islami Bank Foudnation Income generating scheme The objective of this scheme is to encourage unemployed youths in nation building activities and to make them self reliant. This scheme has been taken up to train rural health workers and to fund poultry, pisci-culture, cottage industry, small trading, in addition to providing rickshaws, sewing machines etc. for income and employment generation. Educational Scheme Scholarship stipend are awarded to the poor and meritorious students under this scheme. Health Scheme This scheme has been taken up to establish child and maternity centres, charitable dispensaries, provide grants for medical treatment of the poor, install tube-wells for the supply of pure drinking water and build sanitary latrines in order to fulfill health needs of the rural people. Humanitarian Assistance Humanitarian assistance are provided to the poor, disabled persons, families affected by river erosion and for marriage of poor girls. Emergency Relief Operations Financial assistance to the people affected by natural calamities is provided under this scheme. Service Centre The Foundation has been establishing permanent service centres in coastal areas and off-shore islands to be used for the purpose of integrated social development as well as safe shelter during natural disaster. HRD Programme Under HRD programme, the foundation has established several Technical Training Centres for imparting vocational training and kindergarten Schools. Projects like mosque based income generating centres and prisoner rehabilitation projects are expected to be established in the near future. Assistance to Mosque Financial assistance for construction, extension and renovation of mosques are provided under this scheme. Sales Centre Foundation has established sales centres to encourage poor women folk for self employment and for marketing home made garments, handicrafts and other items produced by them. Islami Bank Hospital The Foundation has set up hospitals for providing modern medical treatment to all sections of the people at reasonable cost. By now, the Islami Bank Hospitals have earned good reputation in the society. Problems Specific to Islamic Banking in Bangladesh 1. Shortage of Supportive and Link Institutions Any system, however well integrated it may be, cannot thrive exclusively on its built-in elements. It has to depend on a number of link institutions and so is the case with Islamic banking. For identifying suitable projects, Islamic banking can profitably draw the services of economists, lawyers, insurance companies, management consultants, auditors and so on. They also need research and training forums in order to prompting entrepreneurship amongst their clients. Such support services properly oriented towards Islamic banking are yet to be developed in Bangladesh. 2. Lack of Organising Relationship with Foreign Banks Another important issue facing Islamic banks in Bangladesh is how to organise their relationships with foreign banks, and more generally, how to conduct international operations. This is, of course, an issue closely related to the creation of financial instruments, which would be simultaneously consistent with Islamic principles and acceptable to interest-based banks, including foreign banks. . Long-term Financing Islamic Banks stick very closely to the pricing policies of the government. They can not benefit from hidden costs and inputs, which elevate the level of prices by certain entrepreneurs without any justification. On the other hand, Islamic banks as financial institutions are even more directly affected by the failure of the projects they finance. This is because the built in security for getting back their funds, togeth er with their profits, is in the success of the project. Prospects of Islami Banking in Bangladesh Despite the above problems and shortcomings the Islamic Banks have the following further prospects to grow: a) Islamic bank investment portfolio can be diversified and extended for long term financing under Musharaka and Mudaraba. b) The clients of the Islamic Bank may be equipped with knowledge of Islamic banking through seminars and symposia. c) Islamic banks can develop unanimous Shariah Manual or guide lines for day to day consultation and clientele motivation. d) Islamic Banks can expand their network in the rural areas of Bangladesh. ) The research and development (R D) for Islamic Economics, Banking and Finance can be geared up. f) Co-operation among Islamic banks can be extended throughout the world. g) Muslim countries, who have established Islamic banks, if involve with international trade on Islamic principles, that would contribute to grow international transactions under interest-free system. This will further help developing an Islamic Common Market. h) The central ban ks of the Muslim Countries can help creation of environment for Islamic Banking with more responsibilities. ) Uniform accounting systems and standards already developed by the Accounting Auditing Organisation for Islamic Financial Institutions for providing consistency in accounting treatment of various operations and products of Islamic banks may be introduced by all concerned. j) New and ‘innovative’ products can be designed for financing on Profit and Loss sharing basis.

Free Essays on Benjamin Franklin

Benjamin Franklin was a famous printer, author, inventor, scientist, public servant and diplomat. He was commonly called â€Å"the first civilized American.† Franklin was born on the seventeenth day of January in 1706, on Milk Street in Boston Mass., he was his parents fifteenth child. Benjamin obviously respected his father, who probably taught him to read, so early that he could not remember learning it. While he was a young boy, A private teacher, George Brownell took Benjamin on. â€Å"Under him I acquired fair Writhing pretty soon, but I fail’d in the Arithmetic & made no Progress in it.† (Franklin’s Memoirs, ed. by Max Farrand, p. 20, University of California Press, Berkeley, 1949.) At 10-years-old he was taken home to assist his father in his business. Benjamin did not like what his father did though, so him and his father took a walk one day around Boston, observing the craftsmen at work and looking for a congenial trade. One of his cousi ns was a cutler, and that occupation was seriously considered. Franklin’s fondness for books, he decided to sign indentures with his elder brother James, who in 1717 had returned to Boston from London with a printing press. At the age of seventeen, Benjamin had a trade, he still had much to learn about men and women. He found work in New York, but heard that there might be some in Philadelphia. He roamed Philadelphia for a while, and that’s how he met his soon to be wife, Deborah Read. After looking for a while he was finally employed at Samuel Keimer’s printing shop and rooming Deborah’s home. After some time at that, the provincial governor, Sir William Keith urged him to a business for himself and sent him back to Boston with a letter to his father. His father thought that Benjamin was too young for such a thing, and refused immediate support. He went back to Philadelphia and worked for his friend Denham for about 4 months until Denham unexpectedly died. After t... Free Essays on Benjamin Franklin Free Essays on Benjamin Franklin Benjamin Franklin was a famous printer, author, inventor, scientist, public servant and diplomat. He was commonly called â€Å"the first civilized American.† Franklin was born on the seventeenth day of January in 1706, on Milk Street in Boston Mass., he was his parents fifteenth child. Benjamin obviously respected his father, who probably taught him to read, so early that he could not remember learning it. While he was a young boy, A private teacher, George Brownell took Benjamin on. â€Å"Under him I acquired fair Writhing pretty soon, but I fail’d in the Arithmetic & made no Progress in it.† (Franklin’s Memoirs, ed. by Max Farrand, p. 20, University of California Press, Berkeley, 1949.) At 10-years-old he was taken home to assist his father in his business. Benjamin did not like what his father did though, so him and his father took a walk one day around Boston, observing the craftsmen at work and looking for a congenial trade. One of his cousi ns was a cutler, and that occupation was seriously considered. Franklin’s fondness for books, he decided to sign indentures with his elder brother James, who in 1717 had returned to Boston from London with a printing press. At the age of seventeen, Benjamin had a trade, he still had much to learn about men and women. He found work in New York, but heard that there might be some in Philadelphia. He roamed Philadelphia for a while, and that’s how he met his soon to be wife, Deborah Read. After looking for a while he was finally employed at Samuel Keimer’s printing shop and rooming Deborah’s home. After some time at that, the provincial governor, Sir William Keith urged him to a business for himself and sent him back to Boston with a letter to his father. His father thought that Benjamin was too young for such a thing, and refused immediate support. He went back to Philadelphia and worked for his friend Denham for about 4 months until Denham unexpectedly died. After t...

Whether the Code of Ethics is an Effective Way of Effective Media Essay

Whether the Code of Ethics is an Effective Way of Effective Media Practice - Essay Example The emergence of developed techno-economic paradigm inevitably increases greater attention of the organisations or the agencies in order to revitalise their overall economic performance. According to the recent practices of the media and communication organisations it has been recognised that the codes of media related practices have drawn major interest towards increasing attention on a particular media enquiry, which has transformational influence on the overall communication and media industry (Christians, 2009). Moreover, the codes of practices also have been recognised to draw attention about any required changes in the media and communication policies in order to contribute to a transformational economy. However, ethics or the codes of media practices in Australia has also been recognised to bring major hurdles for the country’s media and communication industry in terms of substantially improving the media performance of the organisations (Media Entertainment & Arts Alli ance, 2013). Few of the key roles played by the ethics/codes of media practices have been critically described in the following sections. According to the current media and communication of Australia, the codes of ethics has long been witnessed to play a pivotal role not only to increase community awareness, but it also has major contribution on the transformational economic growth of the nation. The code of ethics of the nation has also been recognised in securing best practices of the media and communication organisations along with their wide range of practices. The codes of ethics in Australian media industry possess relatively simple and clearly identifiable factors that determine to improve efficiency of the organisations. The code of ethics of the country relies basically on four major factors, including honesty, fairness, independence and respect for the rights and liberties of others (Australian Press Council, 2014). In the context of honesty, conserving the way of honestly reporting and interpreting essential facts has been identified as a set of common and relatively best practices in the Australian ethical codes of media practices. In order to meet the requirement of honesty in response to the ethical codes, the process of striving accuracy along with fairness and revelation of each essential fact can be dully accepted towards securing ethical media practices across the nation (Australian Press Council, 2014).  

Green Buildings Essay Example | Topics and Well Written Essays - 1500 words

Green Buildings - Essay Example Rapid industrialization and increase in demand of fuels have increase pollution all over the world. The increase in carbon dioxide in the environment is damaging the ozone layer surrounding the earth’s atmosphere. This is damaging the environment and increasing the temperature of the world. Oceans are melting and seal levels are increasing. This phenomenon is known as global warming. The dangerous consequences of such climatic change are forcing the world to come up with techniques that are environmental friendly. Green building is one such technique that preserves our environment. The cost of these buildings far exceeds the benefits of green buildings. It is important to understand the benefits of green buildings and their structure to prove that this technique worth its costs. A cost benefit analysis will show clearly that green buildings should be used more often in order to protect the environment. Benefits of Green Building One of the most significant benefits of green bu ildings is that they help save energy. These buildings save electricity and in turn decrease our dependent on fuels. Electricity is produced by many ways and oil is also used to produce electricity. Green buildings are designed in such a manner that they allow the residents sunlight and natural air. In this way energy consumption is decreased greatly. Air conditioning and lights use most of the electricity in homes and by reducing this electricity environment can benefit a lot. In green buildings trees and plants are used in order to provide shade and cooling (Simpson, J. 2002). Plants take in carbon dioxide and give out oxygen in daytime. This gives freshness and coolness in daytime in the house. Another benefit of green buildings is the increased productivity of the people living in green buildings. People who live in green buildings are found to work long hours. They also have less stress and they can stay fresh for long hours. This is mainly because occupants get exposure to sun light and fresh air. Air conditioning is no substitute of fresh air. Fresh air soothes residents of green building and this is why they feel less stressed then residents of normal houses and buildings. A study reported that absenteeism was reduced by 40 percent in buildings that were green (Lallanilla, M. 2011). This is the effect of plants and natural air and sunlight. The benefits of green buildings include less sickness as well. This may be because of less pollution and harmful gases. People who live near road sides are exposed to pollution. In green buildings a proper mechanism deals with pollution as discussed before. Also greenery attracts employees to offices. Water efficiency is another benefit of green building. The design of building is such that it allows water to be reused. Water is recycled in greenhouses houses. It is purified and reused in flushes. In this way throughout the life of the green building flush water is not wasted but is used and reused over and over agai n. This is a great benefit of green buildings because it can save gallons of water. A house has a life of at least 30 to 40 years. Throughout this period all the water used in flush will remain the same. Also water is saved by using low flow of water in flushes and showers. Even this can help reduce water consumption of households greatly. Toilet paper is also not used in washrooms and that protects tress. All in all a simple technique of water recycling a great amount of water can be saved. Also material used in green buildings is environmental friendly. The wood used for making green buildings is made of plants like bamboo that grow faster. Rare plants and trees are not used in the making of green buildings. Industrial goods used in making homes are also recyclable and are environmental friendly. Stones and other materials used in houses can be reused again. Energy costs are decreased as a result of green building

Summarise the main development of a child from the age range 0-2, 3-5 years and 5-8 years Essay Example for Free

Summarise the main development of a child from the age range 0-2, 3-5 years and 5-8 years Essay Development is the process of gaining new skills in all areas of life. All children are individuals so, although they will all go through the same stages of development, they may not necessarily go through these at the same time. For this reason, the term ‘average child’ is used when talking about the process of development, but we should consider each child’s development progress individually. The development of a child is usually categorised into five main areas: Physical, Intellectual, Emotional, Social and Language. Physical Development. A newborn baby will lie on his back with his head to one side and his head will lag when he is pulled up to sit. He will have primitive reflexes, such as grasping and sucking. By 3 months he will be able to kick his legs, play with his own hands and lift his own head. At 6 months, he will be able to sit with support and pass a toy from one hand to the other. He will have made a large transition by 9 months and may sit without support, crawl or shuffle and will begin to use his index, middle finger and thumb together to pick up small items. He will have begun to walk unaided by 18 months, can use a spoon and will attempt to kick a ball. By 2 years, he will be able to use a pencil to make simple forms, build a tower of six bricks and start to use his preferred hand. Between 3 and 5 years, he will have the capacity to jump from a low step, pedal a tricycle and turn single pages in a book. His gross motor skills improvement will mean that he will be able to walk backwards and forwards along a line and aim, throw and catch a large ball. By 8 years old he will be able to jump from heights and he will have improved his balancing skills enough to walk along a wall or beam and ride a bicycle without stabilisers. The improvement in his fine motor skills will allow him to control a pencil in a small area and do detailed drawing. He will also have the control to tie and untie his shoelaces and build intricate models. Intellectual (or cognitive) development. Intellectual development is about how children learn, think and develop ideas. Children develop intellectually at different rates and some in areas that others do not. At birth a baby will blink in reaction to bright light and cry as a response to his basic needs. By 6 months he is easily distracted by movements and objects and will make attempts to reach out for  them. He will also put everything in his mouth. By 12 months he will recognise familiar people at 6 metres and be able to imitate those around him and the moods they express, for example laughing when someone he is with is laughing. By 2 years old he will enjoy imaginary play and will often talk to himself. He will be able to point to and recognise the names of parts of the body. Between the ages of 3 and 5 years, his fine motor skills will have increased enough to be able to control a pencil adequately and cut with scissors. He will be able to draw a square and a range of letters, some spontaneously and paint with a large paint brush. At 5 years of age, the concepts of numeracy and literacy will be within his capabilities and many children will be able to count and recognise simple words. Between the ages of 6 and 8 his ability to write will be developing, he will read simple books, predict next events and he will know his birthday. Emotional Development From birth a baby will be able to respond to their main carer. He will gaze intently at his carer and by 6 weeks will start to smile as a response to recognition of that person. At 6 months he will show the first signs of distress at the separation from his carer and fear of strangers.He will also actively seek attention.Between 9 and 12 months, he will enjoy the company of those people that he is familiar with. From 1 year old he will be more demanding and assertive and temper tantrums may start. He distinguishes between himself and others, but he is still egocentric and shows rage at being told ‘no’. He is also starting to develop object permanence, he no longer believes that an object that has been hidden is actually no longer there. At 2 years of age he will enjoy other children’s company but will still be reluctant to share his toys. He will, however, be able to cope with short periods of separation from his carer, for example while at nursery. At 3 years he is more aware of his own feelings and able to explain to others how he is feeling Between 5 and 8 years he will enjoy co-operative play and understand reasoning and taking turns. He will be increasingly less anxious about separation and have a good sense of self awareness. Social Development A baby is born with the ability to be sociable. If a baby becomes distressed, he can often be pacified by the sight, touch or smell of his main carer.Between the ages of 3 and 12 months he will be able to interact with his environment, imitating the moods displayed by others. He will discover how to play alone and entertain himself for lengthy periods. With his increasing mobility, he will become more confident and between 2 and 5 years old he will learn to make friends, even though at times he may resort to tantrums when he does not get his own way. By 8 years old he will be fairly independent and confident with an increasing sense of right and wrong and he will be able to form firm friendships with his peers. Language Development There are two distinct stages of language development; pre-linguistic and linguistic. The pre-linguistic stage is from birth to 12 months, when he starts to say his first words.This is the period in which a baby can only express himself by crying, when basic needs require attention, cooing, in response to his carer’s talk and gurgling or chuckling when playing. From about 9 months, he will begin to ‘babble’ sounds such as ‘mama’ or ‘dada’ and he will be able to imitate simple animal noises. The linguistic stage from 1 year old will bring the beginnings of recognisable words and the ‘average’ child will have a vocabulary of around 50 words by the time he is 2. Between 2 and 3 years he has a rapidly expanding vocabulary and can become frustrated if he is unable to express himself in words. By 5 years old he will be a confident speaker and will recognise new words and ask the meaning of them. His vocabulary will be in the region of some 5000 words. By 8 years old he will be able to speak in different tenses and explain himself with confidence.

Roxana’s Search for Identity in Daniel Defoe’s Roxana Essay -- Roxana

Roxana’s Search for Identity in Daniel Defoe’s Roxana In all of Daniel Defoe's major works, his characters always feel a need to narrate their history, specifically through the adventures they had rather than any description of who they were. Some people would suggest that this compulsion to give such an account reveals a burden of guilt the narrator is trying to free him or herself from, and an attempt to feel more secure in terms of identity. In the article, "Why Roxana Can Never Find Herself," Peter New offers his theory to explain why Defoe's characters, and Roxana in specific, are unable to obtain any real security of identity, even though they employ this method to achieve it. In New's definition, a secure identity can only be achieved through a full acknowledgment and sense of pride in ones history. Roxana does try to define herself in terms of what she has done rather than who she is, which is an acknowledgment of her past. However, she tells her story because she wants to gain a sense of both freedom and security, but the two are mutually exclusive. If Roxana writes as a penitent, she is choosing to be free from her past, or to "disown" it, thereby losing her security of identity. However, if she chooses security and owns up to all that she has been, then she can never be freed from her burden of guilt. Thus she is both trying to "embrace and to reject [her] own history" (318). We see this tendency towards confusio n and contradiction in Roxana all throughout the novel. She is constantly rationalizing her actions in the past, but immediately following that with a description of her feelings of guilt and regret. In New's interpretation, it is this tendency which proves that Roxana can never really find herself becaus... ...this theory to show that although Roxana is desperately trying to define herself and discover her true identity, ironically, her selves will never be able to be integrated. His final conclusion about Roxana's character is that She is condemned to search for an identity in the story of her selves and be unable ever to find it, because she both wants and does not want to be legion (329). This article presents an interesting, and valid argument about the character of Roxana in all her complexities. However, I think other arguments could be as plausible, depending on your viewpoint of Roxana. Are we to see her as insecure in her identity and confused as to what she wants? And if so, can we ever really know her true character if she cannot ever know her self? Work Cited New, Peter. "Why Roxana Can Never Find Herself." The Modern Language Review 91 (1996): 317-329.