B200 TMA02-1 Essay Example | Topics and Well Written Essays - 1500 words

B200 TMA02-1 - Essay Example decades as the cartelization of the oil markets is often viewed as a failure of market forces since prices and output are heavily influenced by the cartel leaving aside the market forces to determine the correct demand and supply of oil in the international market. OPEC- Organization of Petroleum Exporting Countries- is the name which is given to the cartel of oil producing countries in Middle East in a bid to control the oil production as well as regulation the oil prices. This formation of cartels is therefore, often viewed as one of the reasons for failure of market forces at work because by not letting a market to determine the demand and supply, such actions create disequilibrium into markets. Therefore, markets are more prone to external shocks causing them not to function in their most appropriate way. Neoliberalism is the basic fundamental philosophy which advocates the lesser role of governments or other external agencies in regulating the market and emphasize giving a chance to the market forces to work for the greater good of the society. Due to this philosophical drive, most of the developed countries in the world including US and UK shifted their policy framework in a way which advocated the use of market forces as the lone regulator of the market without much intervention from the State. There were reasons behind this shift into the policy response from the developed world because of the increasing external shocks experienced by the developed countries, especially from oil embargo by oil producing countries from Gulf Region. Behind the neoliberalism also lies the fact that market forces are considered as the best regulators of the price mechanism within an economy by correctly and efficiently pricing the demand and supply and secondly, this mechanism brings in more efficiency into the system. However, any distortion in this mechanism can lead to the inefficient employment of resources hence the economy may not work at the full employment

Internal Memorandum of Law Essay Example | Topics and Well Written Essays - 750 words

Internal Memorandum of Law - Essay Example Owen and Dolly Jones, owners of the campground does not have any security, lifeguards, or the proper posting of safety precautions available despite its years of operation because it is a mom and pop ownership and the funds were unavailable. The morning after their arrival, they all went to breakfast to a restaurant while waiting to go swimming at the pool which opened at 10:00 a.m. The girls left early to get ready to go to the pool while Tamera’s parent stayed at the restaurant drinking alcoholic beverages. Tamera’s parents told them to get ready for the pool and wait for their arrival. After twenty to thirty minutes had passed, the parents still have not showed. The girls decided to go ahead and go swimming without supervision. The girls entered the pool at 9:30 a.m. They ignored the sign posted at the pool which states that the pool will only open at 10:00 a.m. Due to Shayla’s dyslexia, she was unable to comprehend the sign. After Tamera had entered the pool first nearly injuring herself, she yelled something out but Shayla did not hear. Shayla dove in the pool. She hit the bottom and broke her arm. After Tamera had pulled Shayla to the side of the pool and save her from drowning, the Owens arrived and then called an ambulance company for their services. Shortly after the ambulance arrived, Tamera’s parents arrived back at the campground and then Shayla was taken to a hospital were she was treated. Mary has incurred medical bills from Shayla’s accident. The current estimates of medical bills that have been incurred are $8,000.00 and will be incurring more bills for future medical treatment and physical therapy sessions. The Attractive Nuisance Doctrine which was applied in numerous cases involving swimming pool liabilities states that the owner of the land or property may be held liable for the injuries sustained by a child-plaintiff while in the said property, if the property imposed a condition or situation which attracted the child and caused

Scuba Dive in Zanzibar Island Essay Example | Topics and Well Written Essays - 750 words

Scuba Dive in Zanzibar Island - Essay Example It is one of the few and unique diving sites that provides yoga and diving services combined in the world. Each day the preparations begin early around five in the morning. We chose to join the expedition from kendwa beach which remained planned according to the tides that gave the best visibility in the least current. And we got to choose deep diving, drift diving, and fish identification. We wanted to see the more than three hundred and fifty fish species. There were nighttime dives to see the diverse beauty of the coral bommies close to the shore. The orientation experience widened our scope to incorporate a few more dive sites that extremely interested us. For snorkeling kendwa reef and kendwa gardens that remain located eight hundred meters from the dive base that makes it easily accessible. In case one chooses snorkeling it is vital to get safety tips and pointers at the dive center. We were also recommended to try Tumbatu Island, which is hidden, but a piece of beauty and fifteen minutes ride to it by speedboat. The prices are affordable and flexible to everyone. To get to tumbatu Island, the transport charge is forty-five dollars. To Mnenba Island a thirty minutes ride and dive costs eighty-five dollars. To learn snorkeling the charge is still eighty-five dollars. Since we had no kids, the costs for children remained omitted the regular expenses for children or teens. The PADI course costs a bit expensive as they cost three hundred and sixty-five dollars. The cost only accommodates the twelve meters dive. Since we chose a double dive on the northwest reef with the depth of twelve to eighteen meters and boat travel of fifteen minutes was charged a hundred and twenty dollars. For proper preparation, we chartered boats from the local scuba diving providers for diving and snorkeling lasting for five days. The five days had a minimum of ten dives and remained charged five hundred dollars. My niece loved adventure dives so we dedicated two  dives specifically for underwater photography of the sea creatures we got informed told would be found specifically on each dive.  

On the war of iraq Research Paper Example | Topics and Well Written Essays - 1750 words

On the war of iraq - Research Paper Example tyrannical rule of Saddam Hussein, indiscriminate killing, large-scale unemployment, loss of basic infrastructure, lack of law-enforcement, and armed resistance, made the country’s future appear bleak. This is particularly true for the most vulnerable sections of Iraqi society: the children, women and old people (Ismael, 2007). The classical Just War tradition with ethical criteria for pre-emptive war, is not adequately filled by the Bush Administration’s use of military force in the attack it led against Iraq, as part of the war against global terrorism. The doctrine of pre-emptive war in the case of Iraq fails vital ethical tests (Wester, 2004). Thesis Statement: The purpose of this paper is to present an argumentative discussion on the United States’ continued war on Iraq, beginning in 2003. The extent to which it was a Just War will be examined on the basis of the presidential justification for war with Iraq, public and media misperceptions about the war created by the Administration, and level of evidentiary strength in the president’s case for war. The theoretical framework of the doctrine of Just War related to the concept of an unavoidable war to protect humanitarian rights, forms a useful tool for analysis. The doctrine includes international laws on the use of armed force in combat. â€Å"Beyond strict assessments of the legality of war, Just War doctrine is concerned with the broader notion of justice† (Enemark & Michaelson, 2005, p.545). The Just War doctrine is based on the principle that the inevitable death and destruction caused by war results in the burden of proof to explain the moral justification for war, falling on those who advocate the use of armed force. The two dimensions to Just War doctrine are: jus ad bellum or the justice of going to war, and jus in bello or the just conduct of war. The jus ad bellum framework can be used to primarily assess the justice of the decision taken by the U.S. Administration to invade Iraq in March

Navy Insurance Essay Example | Topics and Well Written Essays - 500 words

Navy Insurance - Essay Example The recent rise in costs of operating marine trade and business through losses suffered through piracy has necessitated players in the industry of marine business to invest in the piracy insurance policies. According to UNCLOS (United Nations Convention on the law of the Sea), piracy is a multifaceted issue and takes cognition of all illegal act of detention violence as well as depredation that is directed towards ship or persons, or even cargo on board of the ship on the high seas. With the rise in piracy risks in the high seas, the emerging trend has been the insurance brokers offering marine insurance against piracy at very high premiums as compared to other risk premiums in the 21st century marine business. In particular, the premiums on offer depend on the routes of voyage, as the insurers are aware of the most affected regions by piracy such as the east African shores especially within the shoreline of Somali. Besides, the international community has invested notably in deployi ng military personnel to aid in restoring normalcy in the areas facing such challenges of piracy activity though this has had little effect in influencing the premiums concerning insurance against piracy. Nevertheless, an emerging trend reveals efforts by insurance companies to fund operations by specialized naval ships, which are specially designed and made to have the necessary equipments as well as machinery that would be used to escort cargo ships across the piracy risk prone areas at relatively minimal costs.

Financial Analysis for Ipplepen Plc Case Study Example | Topics and Well Written Essays - 1500 words

Financial Analysis for Ipplepen Plc - Case Study Example As such, the potential of a stock as a profitable investment is often linked to the company's ability to maximise shareholder value which in turn, is mirrored in its financial statements. Financial analysis has gained wide acceptance as a tool in assessing the health and well-being of a business entity. This is also considered as a helpful technique which aids investors in ascertaining the gains and the risks involved in buying and holding company's stocks. This report aims to evaluate the viability of investing in the stock of Ipplepen through the utilisation of an in-depth financial analysis. In so doing, this report will give a brief introduction of the company, its operations, and the recent significant corporate changes. To get a profound evaluation of the financial situation of the organisation, it will diagnose the important aspects of Ipplepen's financial health which include profitability, liquidity, gearing, working capital utilisation, investment, and cash flow. In order to come up with a comprehensive and accurate assessment of Ipplepen, this report makes use of the company's financial statements which include the consolidate income statement, balance sheet, and cash flow statement for the fiscal year 2006. The required data for the financial ratio computation are transcribed in Microsoft Excel spreadsheets in order to facilitate more accurate and more convenient data processing. For a more adequate assessment, 2005 is used as a comparative year. After the computations, the financial data and computation are double checked in order to ensure correctness. The interpretation of the computed financial ratios are aided by the concepts and theories presented in various finance books, journals, and articles. 3.0. Company Background Ipplepen Plc operates in the UK fashion industry through the wholesale and retail of clothing, footware, and leisure equipment in the British Isles and Ireland. The business organisation has two core areas of operation: stores, which denotes to its retailing activities of clothing, footwear, and leisure equipment; and Manaton, which refers to its activities as a distribution channel of Manaton products. Aside from these operations, Ipplepen generates income from sub-let property and other property related activities. During 2006, its main operation accounts for 99% of its total turnover. Ipplepen currently employs 3762 part-time and 1786 full-time employees to man its operations. 4.0. Financial Analysis Financial ratio analysis is a very essential tool in assessing the financial health of a business entity. Financial ratios are grouped into five categories, each showing a different aspect of a company's financial operations. These are profitability ratios,

European History Essay Example for Free

European History Essay The way the eastern civilization would live is how people dream of living today. The eastern peoples put others above themselves. The way the western civilization used to live is how we live today: caring about ourselves for the most part. Even though the eastern side of living is how most people wanted to live, there are some positive characteristics of the western side that are worth incorporating. A common problem today is that we don’t think. A trait of eastern culture is the being contemplative. There are countless problems that could be avoided if thought would have gone into the situation. Life is a strategy that is filled with decisions. It is inevitable that mistakes will be made, but there will be less if you think before you act. In life there are always consequences for your actions. What most people don’t realize is that there can be positive consequences. This is something that the western civilization honored; the rewards or the positive consequences of the life they lived. Having the good things in your life isn’t as rewarding as working for the grand prize. Towards the end of your life, what will you have that reflects what you work for? In the eastern civilization, working with less is held high in standards. As the years go by, people always want more and more but is it really necessary? For example, heated seats and electronic windows are nice in our vehicles but we don’t actually need them. The eastern peoples learned to work with what they were given, even if it was less than what they wanted. Technology is taking over the world. With this new interference with human life, the beautiful art of work will soon be forgotten. There are amazing things that humans can do as long as they work for it. The western civilization figured this out and put activity high on the list of standards. Life is short and there may be things that we miss if we don’t work to see what it has in store for us. Both the eastern and western civilization contain characteristics that would benefit the human race. A mixture of the two would be a perfect way to live. Placing others higher in value than yourself is a trait that isn’t common in the world today. Even though, putting others first is something great, you need to think about yourself too. You only have one life and one chance to make it the best. Do what makes you happy and you will see that others will come with you.