Community, Identity, and Stability Essay - 552 Words

Community, Identity, Stability But I dont want comfort. I want God, I want poetry, I want real danger, I want freedom, I want goodness, I want sin (Huxley 215). In Brave New World people lives were different and they had different believes they were not allowed to feel emotion because as the Director said emotions are unstable. They were conditioned to think the way their world is formed is perfect, but actually it isnt. Emotions could be unstable, but is better to feel them instead of being an inhumane person that doesnt feel anything. People have to paid a price that they didnt choose and that is unjust for them because they have to take what is giving to them. In the World State people seems to be happy with what the have†¦show more content†¦Flowers are seen as beautiful and represent nature as the same as love when you give them to someone special. is unjust to lack someone to feel appreciation to natural things and lack them from education. Another important fact is that people in the World State doesnt have values as now we do. The concept of family doesnt exist, they consider this word as obscene as the same as father and mother. In our world family is the most important aspect for most people and we demonstrate love and support to them all the time. Marriage was another value that people doesnt had and they seem it as horrible, for example when John propose Lenina to married him she said, what horrible idea! (174). This shows how the idea of getting married with somebody was seen as something really bad, which for us is beautiful. Also, people were not allowed to feel emotions, because emotions are seen as a risk of loosing stability in their community. If they feel some kind of emotions they have to take soma to forget them. Is like if somebody have to take drugs all the time in order to be happy. In my opinion I prefer to feel emotions even if no all of them are good, instead of being like an object that doesnt feel anything. The price that people paid in order to h ave a stable community is very high and it doesnt worth it. Values areShow MoreRelatedBrave New World1643 Words   |  7 PagesCommunity, Identity, Stability? Is there such thing as a world in the future where sexual interaction is the closest aspect of a community? Is it true that the people in this society are unable to choose what they want, due to the fact that they are genetically controlled of who they are? Or to eliminate someone’s sadness by just taking one drop of a drug can automatically make them feel better? Welcome to Brave New World. The motto of Brave New World consists of three words; communityRead MoreA Natural New World By Aldous Huxley983 Words   |  4 Pagesgoal of the utopian society is to achieve a state of stability that allows the civilians to live â€Å"happily ever after.† Each person is conditioned into a certain class where they accept their assigned job. In the World State there is no such thing as family or any other relationships. The drug soma ensures that the only emotion the civilians feel is happiness. However, along with social stability comes a loss of individuality. Community, identity, and emotions, three characteristics that are naturalRead More Brave New World - Is Individuality a Threat to Society, or a Gift to Society? 1582 Words   |  7 Pages is lost in the melting pot of semblance and world of uninterest. The theme of Huxleys Brave New World is community, identity, and stability. Each of these three themes represents what a Brave New World society needs to have in order to survive. According to the new world controllers, community is a result of identity and stability, identity is a part of genetic engineering, and stability is what everyone desires to achieve. These themes are represented in the book by the symbolic meaning of theRead MoreA Clockwork Orange, by Anthony Burgess and Brave New World by Aldous Huxley 1411 Words   |  6 Pagesdystopia. Both novels depict societies in which mind control is used to create social stability. There are also individuals who rebel against this loss of freedom and identity. However, these individuals lose their f ight for freedom because of unsuccessful escape methods, acts of violence and effective conditioning. Character in both novels use unsuccessful escape methods to cope with their loss of identity. Alex, the protagonist in A Clockwork Orange, turns to classical music such as BeethovenRead MoreStability in Brave New World Essay602 Words   |  3 PagesAll human lives depend on stability. Without it there is no structure, no organization, and no society. Chaos and pandemonium will erupt if there is not stability. The Dictionary defines stability as â€Å"resistance to change, dislodgement, or overthrow† or â€Å"consistency of character or purpose†. The word makes me think of structure, such as a large building standing against strong winds. It also makes me think of perseverance. Something that is stable will sustain itself for a long period of time. SomethingRead MoreJohns Character Development A Brave New World1394 Words   |  6 PagesIn Brave New World by Aldous Huxley, John’s identities are influenced by two opposite societies, and even though he tries to prove his manhood and change the framework of brave new world, he can’t gain real acceptance from anywhere. John’s mother, Linda, is from the brave new world but gave birth to him in the savage reservation and her different behaviors based on the framework of the brave new world caused John’s isolation in the savage reservation. John decides to move to the brave new world andRead MoreBrave New World By Aldous Huxley1293 Words   |  6 PagesIn Brave New World by Aldous Huxley, John’s identities are influenced by two opposite societies, and even though he tries to prove his manhood and change the framework of brave new world, he can’t gain real acceptance from anywhere. John’s mother, Linda, is from the brave new world but gave birth to him in the savage reservation and her different behaviors based on the framework of the brave new world caused John’s isolation in the savage reservation. John decides to move to the brave new world a ndRead MoreAnalysis of Peter Skrynecki ´s Migrant Hostel and 10 Mary Street643 Words   |  3 Pagesor heritage, they forge their own sense of self-identity by overcoming the barriers in place. In Peter Skrzynecki’s poetry, particularly â€Å"Migrant Hostel† and â€Å"10 Mary Street† we witness an individual’s experience of segregation to eventual connection in the world they live. Skrzynecki’s insightful poem â€Å"Migrant Hostel† explores the notion of impermanence and uncertainty in an individual’s experience where stability is essential to develop an identity and sense of belonging. The poem illustrates theRead MoreEssay on Distortion in Brave New World630 Words   |  3 Pagesexaggerates the fact that a world that strives for stability must eliminate individualism and relationships. One major distortion in Brave New World is the prevention of individualism. In order to live in a Utopia, a person cannot be an individual. Huxley makes this clear from the first page of the novel, revealing the World State’s motto of â€Å"Community, Identity, Stability.† Conformity is what this society strives for. Individuals cannot make up a community, which is why these people are made identicalRead MoreExploration Of A Brave New World1131 Words   |  5 Pagesand the use of drugs to stay there absolute selves. It is questioned if the citizens of a Brave New World are truly themselves. â€Å"COMMUNITY, IDENTITY, STABILITY,† (Page 1) is the moto of the World’s state. Five manufactured social castes infuse the communities, conformity is prevented for one’s identity, and a life on drugs and open sexual relationships create stability. John, reportedly nicknamed â€Å"John the Savage† for being an outsider of societal norms, attempts to rev olutionize himself and the

Marketing Plan and Strategy Essay - 5795 Words

Marketing Plan and Strategy 1.0nbsp;nbsp;nbsp;nbsp;nbsp;Executive Summary The proposals that we are going to depose are a planning of continuous action in order to confront the challenges, which BT confronts. The most important factor is considered to be the fact that the marketing environment changed rapidly after the deregulation of the telephone industry. Up to then BT was operating as a monopoly, ignoring the competition and ways to face it. Our intention is to achieve the already given targets and also prepare BT for an opening to new horizons. In addition, in order to face the fast changing environment we have to introduce within the companies activities like cross selling and e-marketing. A new era is at about to start,†¦show more content†¦The code name we gave to our project is  ¡Ã‚ ¥Low Bap ¡Ã‚ ¦: the sound of boots of an army when is marching in the battlefield. With this name we compare the business corporations of the present with the huge armies of the past. In this way, we could consider BT as a big army of the past, which has to be kept in a continuous march so as to meet our targets both in short and long-term. Regarding the number of the consumers that are involved and the size of funds, which are going to be used, BT ¡Ã‚ ¦s strategy will be an example that may have both a positive or negative effect to the Global business field in the future. It is up to us to build BT ¡Ã‚ ¦s fame as an innovative strategic planner or another bureaucratic plodding giant. 3.0nbsp;nbsp;nbsp;nbsp;nbsp;Situation Analysis. Before giving our proposals and suggestions, we are going to highlight the key aspects we observed when we were analysing the current situation. These can be mentioned as the most important factors that determine our strategy and their presentation will help you to comprehend the status quo as we estimated it from our own experience. 3.1 Market Summary. The market in which we are going to be activated is defined from the borders of the UK. However, Britain is considered to be one of the most developed countries in the world, so it is really difficult to study examples of otherShow MoreRelatedMarketing Plan For A Marketing Strategy909 Words   |  4 PagesA marketing plan is crucial to the survival of an organization. Marketing plans need to be well thought out and target a certain market. The market that an organization chooses will demonstrate what direction they want the organization to head in. However, choosing just one market will be problematic to the organization because they will be missing out on other opportunities to grow. The organization needs to operate like the old sane, kill two birds with one stone. Therefore, if an organizationRead MoreMarketing Plan For A Marketing Strategy1205 Words   |  5 Pages Any company, of any size that is successful in marketing always starts with a marketing plan. Large companies have plans with hundreds of pages; while small companies can get by with a half-dozen sheets. You should at the very least refer to it quarterly, but better yet monthly. By adding monthly reports on sales/manufacturing; this will allow you to track performance as you follow the plan. Any marketing plan begins with an assessment of your company’s current situation. This should include theRead MoreMarketing Plan For A Marketing Strategy1299 Words   |  6 Pagesimportant to plan ahead in regards to how this product will meet the main stream consumer. The concept of marketing may seem like a simple process, â€Å"business success using a simple process of understanding and meeting customer needs† (Drummond, Ensor, Ashford, 2014). One tool used in order to ensure product to consumer success is a marketing strategy. A marketing strategy combines all of the mark eting goals and business goals in to one comprehensive package (Lake, 2016). 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Implied Marketing Tasks The Implied Marketing Tasks include all those marketing activities conducted directly and routinely by the entire staff of On-TargetRead MoreMarketing Plan For A Marketing Strategy1326 Words   |  6 PagesMarketing Plan Once when our business is planned and everything is done in proper manner than our time starts doing marketing and introduce our services to our target customers and place the image of our product in our customers mind. Actually language translation business is not same as product selling business, in product selling business, you have a product which customers can touch and check butt marketing and selling services is the hardest job because some our customers are unawareRead MoreMarketing Plan For A Marketing Strategy1772 Words   |  8 PagesMarketing strategies is a strategy that takes in consideration of all marketing goals into a one comprehensive plan. 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Covered Bonds free essay sample

With liquidly rationing, (credit crunch) does offering covered bonds hold the answer or does it just offer banks the opportunity to increase their margin?. Discuss critically. Introduction In the modern day world, with technology and global markets expanding, the need for credit is a constant issue for economies to monitor. Liquidity rationing has been most relevant since the GFC, when the credit market essentially froze, sending financial markets in turmoil. Therefore finding ways to increase liquidity at a time when markets are volatile requires instruments of low risk. Covered bonds have recently gained momentum as a popular tool for banks to increase their liquidity whilst taking on very limited risk. Theory A Credit Crunch also known commonly as liquidity rationing, is the reduction in general availability of loans or credit, or a sudden limitation of conditions required to obtain from a financial institution. A credit crunch is therefore independent of interest rate movements. This does however result in the relationship between credit and interest rates to change so that, credit becomes less available at a given interest rate, or there ceases to be a clear relationship between credit availability and interest rates. These events of a liquidity rationing are often the result of reckless lending management, which leads to bad debt for institutions. Consequently, when these loans take a turn for the worse and the investors cannot reimburse their loan payments, banks are forced to take sudden action and tighten the availability of loans or credit. The Financial Crisis is a prime example of a credit crunch that resulted in a near collapse of the global financial markets; in which case was saved by a sovereign bailout to ensure liquidity was restored. Covered bonds are debt securities backed by cash flows from mortgages or public sector loans. They are similar in many ways to asset-backed securities created in securitization, but covered bond assets remain on the issuer’s consolidated balance sheet. A covered bond is a corporate bond with one important enhancement: recourse to a pool of assets that secures or covers the bond if the originator (usually a financial institution) becomes insolvent. (Rosen, 2008) For the investor, one major advantage to a covered bond is that the debt and the underlying asset pool remain on the issuers financials, and issuers must ensure that the pool consistently backs the covered bond. In the event of default, the investor has recourse to both the pool and the issuer. In addition, because asset’s remaining on the balance sheet covers the bond, means that it was essentially risk free when investing in a covered bond. This risk free sentiment surrounding covered bonds issued by institutions, have made covered bonds one of most successful and popular investment instruments since their creation in Denmark back in 1795. (Bujalance, 2010) The issue with covered bonds is if institutions can accurately evaluate the assets within their asset pools. Past events like the GFC have shown assets being falsely rated, which contributed to the decline in global financial markets. The difference between a covered bond and an unsecured bond is that an unsecured bond is dependent on the rating by the issuer, which means the structural enhancements and overcollateralization enables covered bonds to achieve higher ratings above the issuers of unsecured bonds. Furthermore, because a pool of assets does not back unsecured bonds, this results in greater volatility for unsecured bonds especially during downturns in the credit cycle. Asset back securities are therefore different to covered bonds as they are a security backed by a loan, lease or receivables. They operate under securitization. Often a separate institution, called a special purpose vehicle, is created to handle the securitization of asset-backed securities. The special purpose vehicle is responsible for bundling the underlying assets into a specified pool that will fit the risk preferences and other needs of investors. (Schwarcz, 2011) Discussion The covered bond market is the most important privately issued bond segment in Europe’s capital markets. Prior to the intensification of the financial crisis in October 2008, covered bonds were a key source of funding for euro area banks. The market had grown to over â‚ ¬2. 4 trillion by the end of 2008, compared with about â‚ ¬1. 5 trillion in 2003 (ECBC, 2009). The lack of credit risk transfer with covered bonds is an important distinction with this asset class compared with, for example, asset-backed securities (ABS) and other securities that were subject to securitization. This may well explain the resilience of the covered bond market at the initial stage of the crisis in August 2007. Biswas, 2010) Investors’ affinity for covered bonds can be explained by their relative safety compared with any non-securitized asset class. In relation to covered bonds, a pool of collateral backs the credit risk of the issuer, which is usually of high quality. Despite this, however, the covered bond market was not totally immune to the effects of the crisis. Up to the intensification of the crisis following the collapse of Lehman Brothers in mid-September 2008, it was clear that the covered bond market had outperformed other wholesale funding instruments. The widening of spreads was much less substantial for covered bonds than other ABS and unsecured debt. (Biswas, 2010) Graph 1 backs up this argument that the widening of spreads was less significant for covered bonds as the risk and leverage involved, is much lower. Graph 1 (BIS, 2012) A smoothly functioning covered bond market is highly important in the context of financial stability. This market provides a useful funding source for mortgage lending. For example, the issuance of covered bonds enables banks to match liability duration relative to its mortgage loan portfolio. As a result, this improves a bank’s ability to manage funding and interest rate risk. â€Å"In times of financial crisis, the risk appetite of investors shifted towards less risky assets. † (Bernanke, 2009) As the crisis progressed and became more intensive at the beginning of 2009, spreads in the euro area covered bond market continued to widen, and liquidity continued to worsen. The financial crisis exacerbated the lack of confidence between banks, leading to a halt in interbank market activity. In turn, this raised concerns about the liquidity risk of a large number of banks and, to a certain extent, their solvency, thereby threatening the whole banking system. This scenario sets the context for the introduction of the European Central Bank’s decision to provide support to the covered bond market in the euro area through outright purchases of covered bonds under the Covered Bond Purchase Programme (CBPP). This is evident in graph 2 shows the increase in covered bonds as opposed to unsecured and government-guaranteed bonds. Graph 2 (RBA, 2012) The rationale for selecting covered bonds to purchase outrightly over any other asset class can be summarised as follows (ECB, 2008): â€Å"Covered bonds possess a number of attractive features from the perspective of financial stability. Covered bonds as dual recourse instruments are less risky than most other bank securities and also increase banks’ access to long-term funding, thereby mitigating liquidity risks. In the context of the ongoing financial market turmoil, it is important to stress that, on the whole, covered bonds have proven themselves relatively resilient, in particular in comparison with securitisation†. Bernanke, 2012) The United States were at the forefront of the GFC and they also have significantly increased the number of covered bond purchases since the financial crisis. Graph 3 below is evidence of this. Graph 3 (Deutsche Bank 2011) It is evident that economies around the globe, in particular in the Eurozone have turned to covered bonds as a mean s to expand liquidity across financial markets. So much so that some many question if these covered bonds are just a means to increase their underlying margin, or are the benefits being filtered through to the consumers? An argument could be made that if an issuer increases there covered bond portfolio in ratio to its asset backed and unsecured products, the lower coupon they are able to place on the covered bond should be somewhat passed on to the consumer through the variable mortgage rate. If this isn’t the case, then a margin is produced as the issuer is receiving a higher rate on the loans than the coupon rate handed out. Therefore offering a cheaper source of funding and thus creating profit for the bank issuing the covered bonds. Firstly the covered bonds rates must be analysed in order to determine the potential margin that large financial institutions may acquire. The following graph represents the unsecured and covered bond rates. Graph 4 (Norges, 2007) The differences between the unsecured and covered bond rates are relatively marginal given the current policy decisions and market conditions since the GFC. It is evident from this graph that the margin gained from offering covered bonds is not significantly impacting the profits of Norges Bank. It is safe to assume instead that the benefit from covered bonds over unsecured bonds have to do with covered bonds low risk nature and liquidity benefits in times of crisis and recessions. Australia has also followed course and as of October 2011, the RBA issued $17 billion worth of covered across Australia’s top four banks. The reasoning behind this program was â€Å"The ability to achieve longer-term funding reflects the high credit quality of covered bonds, as well as an expanded investor base. † (RBA, 2011) The table below shows the Covered Bond program being distributed by Austalia’s largest banks. Table 5 (RBA, 2012) When looking at the table we have seen 17. 3 billion dollars’ worth of covered bonds being issued out of the total bond market of $90 billion in Australia. This poses the question to whether this cheaper source of funding through the lower coupon yield has been transferred across to the consumer through lowering the variable mortgage rate. However if the difference were rather minute, then passing on the margin through to the customers would not be required. It would therefore be plausible to assume that most globalised economies would be issuing interest rates are at all-time lows. In particular throughout the US and Europe interest rates are sitting about . 5-1%. It would be fair to assume that any earnings are not being transferred through to the consumer by lowering the variable interest rate. Table 6 highlights the Variable lending rate in Australia taken from the RBA. Table 6 (RBA, 2011) As can be viewed within the table, there is a definite drop in variable interest rates since the introduction of covered bond rates. Although this difference between the unsecured bond rate on average and the covered bond coupon rate can be up to 4%, the rate change we see here is a drop of . 4%. It is evident that the amount of funding that is and will be taken from covered bonds in comparison to the average banks source of funding on the whole is insignificant. This is would be seen to be an inadequate trade off. This provides clear evidence that the amount of funding that banks throughout Australia are accumulating from covered bonds in comparison to their average lendi ng rates are so minute that profits taken from covered bonds, would not make a significant impact on the banks overall profit margin. Therefore whether the banks are passing the funds on to consumers in not making a significant impact to the banks’ balance sheets. Conclusion There are significant advantages for utilising covered bonds due to the low risk nature, and liquidity requirements that has proven to reduce the effect of credit crunches on financial markets. This is evident in the growth of covered bond volumes that has been introduced by major economies post GFC. It is therefore safe to assume that major banks would be taking some sort of margin from the low coupon rates associated with covered bonds. With this being the case however, the difference in covered bond rates, unsecured and variables rates as seen above, demonstrates that on a overall scale, the margins generate would be relatively minute, thus not passing through to customers. In conclusion, covered bonds have been successful in cushioning the blow that the GFC has had on the credit market and liquidity rationing. However the increased volumes of covered bonds being issued by financial institutions have not resulted in significant profits to warrant any margins being filtered through to consumers.

Truss Essay Example For Students

Truss Essay The definition of a truss is any of variousstructural frames based on the geometric rigidity of the triangle and composedof straight members subject only to longitudinal compression, tension, or both:functions as a beam or cantilever to support bridges, roofs, etc. Trusses arethe most commonly used structural device used in architecture today. Trusses areused in almost every thing they are in your attic, barns, buildings, andbridges. A truss is used in architecture and engineering, it is a supportingstructure made of beams, girders, or rods usually made of steel or wood. A trussusually takes the form of a triangle or combination of triangles, this design iscapable of carrying large amounts of weight. Trusses are used for large spansand heavy loads, especially in bridges and roofs. Their open construction islighter than a beam structured platform but is just as strong. The parts of atruss are the tie-beams, posts, rafters, and struts; the distance over which thetruss extends is called the span. A truss is formed by connecting the ends ofstraight pieces of metal or wood to form a series of triangles lying in a singleplane. A truss is based on the fact that a triangle is a configuration thatcannot collapse or change its shape unless the length of one of the sides ischanged. The two most commonly used truss designs are the Howe and Warrentrusses. In 1806 the first patented bridge system, the Burr arch truss was usedin the US. The Town truss was invented in 1820, in 1840 the Howe truss wasinvented, and in 1841 the bowstring was invented it was a breakthrough inengineering design. The Pratt and Warren trusses were invented between 1838 and1844. The first trusses were made of wood and used for building homes and roofs. We will write a custom essay on Truss specifically for you for only $16.38 $13.9/page Order now During the 18th and early 19th centuries cast and wrought iron were used, mostlyin the construction of railroad bridges. Later in the 19th century steel becamethe most used truss material. Trusses are used also for the construction ofiron-frame industrial buildings and in roof and floor systems. They are alsoused in the construction of certain industrial machines, such as cranes, lifts,and in the design of aircraft and automobile frames. Two types of trusses arethe Howe and Warren trusses, Warren trusses are more efficient than Howe trussesin carrying a load considering the weight of material used in the constructionof the truss. The optimum ratio of height to span length is anywhere between0.23 and 0.41 for Howe trusses, and 0.16 and 0.39 for Warren trusses. The Prattand the Warren were simple skeletal forms that adapted well to iron andeventually to steel that is why they are two of the most popular trusses usedtoday. Trusses are very important in todays world they help us cross hu gebodies of water, they hold the roof up over our heads, and they allow cranes tobe able to support huge amounts of weight when building giant skyscrapers. Thefact is the invention of the truss is just as important as the invention of thewheel. Life would be very difficult without trusses. Architecture