How Does Alcohol Affect Our Society and Our Health?

An alcoholic beverage is a drink which has ethanol in it. There are 3 types of alcohol, beer, wine and spirits. The highest percentage of Alcohol is normally in spirits and the lowest is in beer. Alcohol is legally drunken in most countries however, â€Å"100 countries have laws regulating their production, sale, and consumption†. In England one is allowed to be served alcohol when they are 16 and over however one can only buy alcohol when they are 21 or over.In my opinion this is wrong because most people consider a drug, yet most people don’t see alcohol anywhere near as bad for you as taking drugs even thou â€Å"Alcohol kills around 85,000 people per year†. For the amount of deaths from drugs annually it is hard to tell because â€Å"Cause of death is recorded on death certificates but doctors may not mention drugs, even where drugs might be involved†. After listening to the 85’000 deaths a year fact it is surprising that alcohol is warmly welco med at any dinner, cultural event or even political events. Alcohol is widely used and seen in our society today.In this essay I will go through the health risks and how it plays a part in our modern world. Health Risks * The NHS recommend: * â€Å"Men should not regularly drink more than 3-4 units a day. * Women should not regularly drink more than 2-3 units a day. † Regularly means drinking these amounts every day or most days of the week. National Statistics say men drink an average of 18. 7 units a week, compared with 9. 0 units for women. On average this is correct however far too many people are drinking much over this statistic a week, and that is what is damaging or society as well.In Great Britain, just under a third of men (31%) and one in five women (20%) drink more than the advised weekly limits of 21 and 14 units a week respectively. Alcohol is a toxin which kills cells† When put in those words most people then take alcohol more seriously. Out of most drugs Alcohol is high in the middle section of dependence-physical harm graph. Short-term effects of alcohol consumption include intoxication and dehydration. Long-term effects of alcohol include changes in the metabolism of the liver and brain and alcoholism (addiction to alcohol). Intoxication mostly causes slurred speech, loss of oncentration and delayed reflexes. â€Å"Alcohol stimulates insulin production, which speeds up glucose metabolism and can result in low blood sugar, causing irritability and (for diabetics) possible death. â€Å" Alcohol also leads to heart disease, dementia (long term and short term), cancer, diabetes and stroke. Society In our society today especially Britain there is a huge amount of Binge drinking and over use of Alcohol. We are one of the most well known countries to abuse alcohol and it will definitely affect our future generation. Being brought up in a world where this is common is not good for anybody.Now children will be growing up to think it is ok to drink this amount of alcohol. Health Warning! Alcohol is widely advertised all around the world, from rich highly developed countries to poorer countries. This is one of the big issues on how Alcohol as a drink should be displayed. The question is, â€Å" If alcohol is a killing drug, should it be advertised in the manner of making one think it tastes great and will make you stronger? †. There are many complaints about this is issue especially because it is encouraging the younger generation that drinking alcohol is cool and it tastes great.The adverts make people think alcohol is good when the truth is most aggressive people will often be alcoholics. Some solutions to these adverts brainwashing people is to have a health warning sign at the end of the advert like on cigarette boxes. This would maybe stick in the watchers minds. The other option would be to ban alcohol adverts all together or at least on some channels and times. Banning the adverts would end the propaga nda about alcohol altogether however it would cause a large uprising from the brewing industry because sales would go immensely down.The other solution of banning the adverts is to ban them on channels that children tune into or young adults and teenagers tune into, this would stop the younger generation from being tempted. An example of this is â€Å"In Malaysia, fast food advertising during children's programmes was outlawed in 2007† The media coverage on risks of alcohol should be increased and the laws of advertisement and exploitation of alcohol should be controlled by a separate board and not the government. However the Government in my opinion should rise taxes alcohol.On the other side of the argument there is the fact that for some people alcohol is essential in there life for many reasons. â€Å" All socialites have a drug, in stressful places it Is good to relax† After looking over the information and facts on alcohol in modern day, I have come to a conclusi on that the government or other organizations need to do something about how alcohol is a killer and is not good for you. However I do understand the reasons for people to drink it but I still think higher taxes or other problem solvers should be introduced.

Padma Bridge

1. Overview Padma Bridge is one of major outstanding infrastructure required for balanced economic development of Bangladesh. It is anticipated that the gross domestic product of the would increase by 2 percent once the bridge was constructed. The bridge, which would connect the southwest region with the rest of the country, could be used for the trans-Asian route; the minister said adding â€Å"The Bridge will help gear up industrialisation in the region too. Environmental impact of the bridge would be assessed during the preparation of design. Government is endeavouring to start construction of the proposed Padma Bridge in 2011 to comple it by 2014. The bridge to be built at an estimated more than twenty thousand crore TK would be, the longest bridge in the country with 6. 15km length and 25m width, he added. The bridge will have four lanes and a railroad in the middle. The bridge will also have a gas transmission pipeline, power transmission line and telecommunication cable. The Jamuna Multi-Purpose Bridge Authorities (JMBA) that looked after large bridge projects, in a study in 2005 estimated that 918. 76 hectares of land would be needed to be acquired on both the sides of Padma Bridge. The land acquisition cost is estimated at 3. 2 billion taka (about 46 million U. S. dollars), said the study. According to a survey by JICA, nearly 30,000 people will lose their lands due to land acquisition for construction of the bridge. The 6. 5 km long 22-metre wide, four lane bridge on the river Padma connecting Mawa (35km south of Dhaka) in Munshiganj with Jazira in Madaripur is also likely to contribute hugely to the functioning of the Mongla Port in Bagerhat, the second seaport of the country that fails to attract cargo ships owing to poor communications. The decision to construct the bridge was taken back in 2001 but dilly-dally over selecting the construction sites delayed the process. 2. INTRODUCTION The three major rivers of Bangladesh – the Padma, Brahmaputra-Jamuna and the Meghna divide the country into four principal regions such as north-west, north central, eastern and south-west regions. The Padma River separates the South-west region from the capital city and requires time consuming ferry crossings to major destinations. At present, transportation of passengers and freight across the river is by ferries and to a lesser extent by launches and manually-operated boats, but their services are grossly inadequate in both capacity and service level. The existing ferry services involve long and unpredictable waiting time at terminals lacking basic service facilities. They are prone to suspension orcancellation due to flood, fog and inclement weather conditions. The proposed Padma Bridge is expected to make cross-Padma transport more reliable and drastically reduce the travel time and cost across the river. The proposed bridge plans to build a multipurpose crossing with additional utilities like rail, telephone, gas and power lines across the Padma. It is designed to remove the last major physical barrier in the road connection between Dhaka and the South-west region of Bangladesh, where about one quarter of the population of Bangladesh is living. The bridge will shorten the distance from the South-west to Dhaka by 100 km and travelling time will considerably be reduced. The project is viewed as a very important infrastructure and transportation network, which will hugely facilitate social, economic and industrial development of this relatively underdeveloped region of the country. The padma Bridge will help to stimulate economic activity in the SW region by providing a reliable and rapid transport connection. It is estimated in the feasibility study that the project will increase the GDP by 1. 2% and that of South-West Region by 2. 3%. The Padma Bridge is on the Asian Highway Route A-1 and Trans-Asian Railway Route. When the railway will be effectively connected, the Padma Bridge will contribute to the multimodal international transport network for the Eastern Region of the Indian sub-continent and substantial benefit to GoB for bi-lateral cargo movement between India and Bangladesh. 3. PROJECT COMPONENTS Among the project components main bridge is by far the prime component of the project covering about 50% of the project cost. The main components of the Padma Multi-Purpose Bridge Project consist of: * A 6. 15km long two-level steel truss main bridge. (four-lane divided highway on top and single track rail on the bottom deck); * The Approach Road to the bridge consisting of a 12. 4 km four-lane divided highway and includes five minor bridges of 150~270m length over local waterways, 21 drainage box culvert and 8 local road underpasses. * Transition structures that includes the Approach Viaduct at Mawa length of 721. 50m and 756. 788m for the northbound and southbound carriageways respectively. The length of the Approach Viaduct at Janjira is 873. 250m and 797. 315m for the northbound and southbound carriageways respectively; * Bridge End Facilities on both sides of the river that includes Toll Plazas and Service Areas; * Access roads totaling about 8. 9 km and 14. 5 km of service road . * Four Resettlement villages (two on the Mawa side and two on the Janjira side). 4. MAIN BRIDGE The total length of the main bridge is 6150m and the main bridge is connected to approach viaducts on both ends and overall width of the bridge is 22. m. The main bridge is in the form of composite steel truss with two levels, railway at lower deck level and highway at upper deck level suitable for fast track construction. Longitudinally, the main truss is in the form of a continuous warren truss and the concrete roadway slab is connected to the top chord by shear stud. The railway deck comprises longitudinal steel beams spanning between lower cross beams and a concrete railway slab which is also compositely connected to the beams. The roadway slab is reinforced concrete in the transverse direction, and is a pre-stressed concrete structure in the longitudinal direction. There are 41 spans each 150 m in length optimized in the computer program. It is sub-divided into 7 continuous bridge modules, and each module is comprised of 5 or 6 spans. At the interface between adjacent modules, a movement joint is present to accommodate the movement due to various actions. The major portion of the bridge is flat (0% vertical gradient) except at the two ends the bridge level decreases with approximately 0. 5% vertical gradient to match with the adjacent approach viaducts. The horizontal alignment of the bridge consists of straight sections, curved sections with onstant radius and short transition curves. The tightest radius is found in Module 7, where the radius is 3000 metres. 5. CROSSING REQUIREMENTS The bridge is to carry the following facilities: Highway The bridge is required to carry a dual two-lane carriageway road with a design traffic speed of 100km/hr. Each carriageway shall comprise two 3. 5 meter wide traffic lanes plus a 2. 5 meter wide hard shoulder and 650mm wide median. The bridge is intended to carry motorized vehicles only. Railway Provision shall be made for future addition of a single track broad gauge railway along the bridge. The railway is proposed to be an extension of the Indian Railways Dedicated Freight Corridor (DFC) and is likely to be part of the Trans-Asian Railway. The design rail speed is 160km/hr for passenger trains and 125 km/hr for freight trains. Power Transmission Line The bridge will be required to carry a high voltage power transmission line with a capacity of 400kV as part of the developing power supply network in south west Bangladesh. High Pressure Gas Transmission Line A 30 inch (76 cm) diameter gas pipe is to be carried by the bridge, which is expected to operate at a pressure of. 1135 psi. The gas pipe shall be hydro tested to a pressure of 1710 psi in accordance with procedures approved by Petrobangla. The high pressure gas main shall be designed in accordance with the requirements of Petrobangla with reference to appropriate recognized international design standards such as the American 6. BRIDGE VIADUCTS The viaduct spans are separated into the approach road and the railway viaducts. The main bridge is a two level structure which required a challenging task in the arrangement of the viaducts to separate the railway from the highway and alternative options were considered during the Scheme Design Phase of the project. There are a total of four viaducts supporting the highway, two on each side of the river. The length of the approach road viaducts ranged from 720m to 875m long and consists of 38m spans. The superstructure consists of precast, pre-tensioned concrete Super-T girders which will become the first Super-T girder structure to be constructed in Bangladesh. The Super-T girder is an economical beam commonly used on highway bridges in Australia and is becoming more widespread on projects throughout Asia. The introduction of the Super-T girder to Bangladesh presents an opportunity for future use on other projects throughout the country. There is a total of two viaducts supporting the railway, one on each side of the river. The length of the railway viaducts ranged from 2. 36km to 2. 96km and consists of 38m spans similar to the approach road viaducts. The superstructure consists of precast, post-tensioned concrete I-girders. The detailed design of the viaduct structures posed some major challenges in bridge engineering specifically involving earthquakes under soil conditions highly susceptible to significant depths of liquefaction. A multi modal response spectra analysis was used to analyse and the design the viaducts for a seismic event with a return period of 475 years. This paper describes the dynamic analysis procedure and the design features of the structure to withstand these seismic events. A transition pier is located at the interface of the viaduct spans to the river spans and supports the end spans of the main bridge, the approach road viaduct structure and the railway viaduct structure. The transition pier also provided the location for the diversion of the gas pipe, power cables and telecommunication utilities located on the main bridge whilst also enclosing an access stairwell for inspection, maintenance and emergency evacuations. 7. SITE SELECTION Four alternative bridge sites were identified as alternative locations in the following areas: Site-1:Paturia-Goalundo Site-2 : Dohar-Charbhadrasan Site-3 : Mawa-Janjira Site-4 : Chandpur-Bhedarganj Four alternative locations were examined from the view points of existing transport of the project area, traffic demand forecast, preliminary river study and technical consideration in highway planning, preliminary bridge planning, environmental & social consideration. JICA study team considers site-1 and site-3 to be most advantageous for a new fixed crossing and recommends these sites for further study until Interim report. Survey Results Estimated amount of land to be acquired is almost same (about 1,250 ha ) in both cases The number of affected households / structure varies due to differences in population density Current estimate suggests:- Mawa – Janjira 70,000 to 80,000 Paturia – Goalundo 40,000 to 45,000 Traffic Study and Economic Analysis (Main Work Items) 1) Traffic Surveys (Traffic counts, OD Survey) 2) Establishment of Future Socioeconomic Framework (Population, GDP, GRDP) 3) Traffic Demand Forecast (Target year 2025) 4) Confirmation of Economic Feasibility 5) Economic Impacts of the Padma Bridge ) Improvement of Accessibility 2) Regional Economic Development 3) Formation of International Road Network Summary of Comparisons of Two Sites from traffic and Economic Point of View Evaluation Criteria| Paturia-Goalundo| Mawa-Janjira| Traffic Demand (2025)| 19,850 vehicles/day| 41,550 vehicles/day| Economic Feasibility| EIRR=9. 6%| EIRR=16. 9%| Financial Project Cost (Million US$)| 1,26 0| 1,074| Improvement of Accessibility| (Travel time) Dhaka – Mongla Dhaka – Benapole (Beneficiary Population) Within 3 hours from Dhaka Within 4 hours from Dhaka| 4. 5 hours 4. 6 hours ,791,000 (9%) 12,738,000 (42%)| 3. 6 hours 3. 6 hours 10,417,000 (35%) 22,247,000 (74%)| Density of Feeder Roads| No big difference| Formation of International Road Network| | Asian Highway A-1. Short distance to Benapole Land Port and Mongla Sea Port| Regional Economic Development| GDP of Southwest region will increase by 18% (1. 2% /year)| GDP of Southwest region will increase by 35% (2. 3% /year)| Growth centers around the bridge sites| No big difference| Indicative Cost Paturia – Goalundo| Mawa – Janjira| US$ 1,260 million| US$ 1,074 million| Evaluation of P-G & M-J sites Evaluation Criteria | Paturia – Goalundo| Mawa – Janjira| Economic Feasibility| EIRR| 9. 6%| 16. 9%| B/C Ratio| 0. 71| 1. 81| | NPV (Mil. Taka)| -9,857| 23,140| | Regional Development| Increase of GRDP of Southwest Region| 18% up (1. 2% per year)| 35% up (2. 3% per year)| Environmental Impact| Result of IEE| No big difference| Social impact and Resettlement Issues| Households requiring relocation| 1,842| 2,635| Community structures affected| 18| 60 `| | Total population affected (both direct and indirect)| 40,000-45,000| 70,000-80,000| Preliminary RAP cost| 23. 7 mil. US$| 38. 79 mil. US$| Traffic Demand Forecast of the Padma Bridge | Traffic Volumes across PadmaRiver (both ways 2003: From Traffic Survey)| | Paturia-Goalundo| Mawa-Jajira| Cross-Padma| Light Vehicle| 572| 128| 700| Bus| 687| 227| 914| Truck| 1,217| 78| 1,295| Total| 2,476| 433| 2,909| Launch Passenger| 15,559| 9,126| 24,685| Present Traffic Movement Pattern At present, traffic at Mawa is lower than Paturia due to the following reasons: 1)    Road condition of NH 8 is now very poor. 2)    A narrow approach road to the Mawa ghat. 3)    Quality of ferry services at Mawa is lower than Paturia in general. )    No sufficient parking space for trucks. 5)    Two hour river crossing time at Mawa is significantly longer than 35 minutes of Paturia. Future Traffic Movement Pattern Future traffic movement pattern will be drastically changed if the Padma Bridge is constructed at Mawa with following reasons: 1)    Improvement of NH 8 (Dhaka – Khulna Road Project by ADB) will be completed by the end of 2004. 2)    Direct road link from Dhaka for the largest traffic demands to Khulna and Jcssore. 3)    Elimination of two hour crossing time. Criteria for Final Site Selection Preliminary results shows greater impacts In Mawa-Janjira over Paturia site   Site selection should be more on technical – engineering grounds-future safety of the bridge infrastructure   Major Impacts of the project – Irrespective of    sites   Selection of Final site Is critical to set the next agenda preparation of RAP   Task would be to minimize Impact, develop Improved policy for mitigation of adverse Impacts, management and capacity building for resettlement management   Experience of the Jamuna and other donor-funded projects will be used In the planning and Implementation of RAP for Padma . CONCLUSION The Padma multipurpose bridge is a long cherished dream of the people of the entire southern region. The bridge will link the greater Khulna, Greater Faridpoor and Greater Barisal region with the rest of the country. It will give tremendous boost to national economy as the direct driving travel distance between Dhaka and this region will be greatly redu ced and hustles and harassment people face in moving tradeable commodities to and from this region will be removed. The agro rich region of Barisal and Khulna can feed the rest of the country much easily. Mongla port can make greater contribution. Tourism industry in the picturesque mangrove forest Sundarban and marvellous sea resort Kuakata will get massive boost. Nepal, Bhutan and 7 sisters around Bangladesh may utilise this bridge to use Mongla port which will give our economy a massive shot in the arm. Padma Bridge Padma Bridge Padma Multipurpose Bridge Carries| Motor vehicles, Railway| Crosses| Padma River| Locale| Louhajong, Munshiganj to Shariatpur and Madaripur,  Bangladesh| Maintained by| Bangladesh Bridge Authority| Designer| Maunsell AECOM| Design| Truss bridge| Material| Steel| Total length| 6,150  m (20,180 ft)| Width| 21. 10  m (69. 2  ft)| The Padma Bridge is a multipurpose road-rail bridge across the Padma River to be constructed in Bangladesh. When completed it will be the largest bridge in Bangladesh and the first fixed river crossing for road traffic.It will connect Louhajong, Munshiganj to Shariatpur and Madaripur, linking the south-west of the country, to northern and eastern regions. The project covers three districts — Munshiganj (Mawa Point/North bank), Shariatpur and Madaripur (Janjira/South bank). The total area of land to be acquired and required for its components is 918 hectares. The requisition of land for the construction yard will be for six years on a rental basis. As per the new design, an additional 144. 04 ha has been identified for acquisition, bringing the total to 1062. 14 hectares. Similar essay: Padma Bridge ParagraphThis additional land is required because project site lost significant land due to erosion, for transition structures and due to a change in railway alignment. The two-level steel truss bridge will carry a four-lane highway on the upper level and a single track railway on a lower level. The project will include 6. 15  km long and 21. 10 m wide bridge,15. 1  km of approach roads, toll plazas and service area. Previous Source of Financing Project cost is estimated to be US$3. 00 billion. Funding for the project is provided by the Asian Development Bank (US$615 m), the World Bank ($1. billion), Japan International Cooperation Agency ($415 m), Islamic Development Bank ($140 m). The government also signed another $14. 84 million agreement with the IDB for the implementation of the water-supply and sanitation project in cyclone-prone coastal areas, and Abu Dhabi Development Group ($30 m). Of the total amount, the government will provide Tk 50 millio n while the rest will come in the form of project aid. The Bangladesh Bridge Authority (BBA) invited the pre-qualification tender for the project in April 2010. Construction of the bridge was expected to commence by early 2011 and be ready for major completion in 2013 (and complete all sections by late 2015). The proposed Padma Multipurpose Bridge Project will provide direct connectivity between the central and southwestern part of the country through a fixed link on the Padma River at Mawa-Janjira points. The bridge will contribute significantly towards facilitating the social, economic and industrial development of this relatively underdeveloped region with a population of over 30 million.The area of influence of the direct benefit of the project is about 44,000  km2 or 29% of the total area of Bangladesh. Therefore, the project is viewed as very important infrastructure towards improving the transportation network and regional economic development of the country. The bridge has provisions for rail, gas, electric line and fibre optic cable for future expansion. The project will be co-financed by the government of Bangladesh, the World Bank, the Asian Development Bank, the Japan International Cooperation Agency (JICA) and the Islamic Development Bank.The Bangladesh Bridge Authority is the executing agency of the project. Padma Bridge financing vs. word-of-mouth strategy THE Padma Bridge is a high priority national project of the Awami League government. It is a 6. 15-kilometre long and 21. 10-metre wide bridge with 15. 1-kilometre approach roads to connect the south-western districts with the capital. It will be a very important infrastructure for economic development of more than 30 million people. The construction work of the $2. 9 billion project was expected to begin in 2012 with financial assistance of the World Bank ($1. billion), the Asian Development Bank ($615 million), the Japan International Cooperation Agency ($400 million) and the Islamic Devel opment Bank ($140 million). The government is a co-financer that has already spent Tk  15 billion on land acquisition and rehabilitation projects. However, the construction work became uncertain when the World Bank suspended its $1. 2 billion credit line last year alleging corruption conspiracy against Bangladeshi officials and executives of a Canadian firm. Considering the uncertainty of the World Bank financing, the government looked for an alternative source and almost confirmed a $2. billion Malaysian fund. Meanwhile, the bank, after almost one year of unsuccessful dealings, cancelled the agreement on June 29. It was usual for the ministers and high officials to react against the bank’s accusation. However, the government standing was ambiguous when the finance minister kept the World Bank chapter open to get the decision reviewed. An alternative deal with a Malaysian company went out of the frame when the prime minister announced that the bridge would be built with dom estic fund, eight days after the World Bank decision.Meanwhile, the word-of-mouth strategy in political game became dominant to whip up nationalistic sentiments. Moreover, come business organisations congratulated the prime minister, advertising their commitment to investing in the project. Padma Bridge with Own Fund The government will build the Padma bridge with its own funds and construction work will begin in the current fiscal year, Prime Minister Sheikh Hasina announced in parliament. She said the mega project, estimated to cost around Tk 23,000 crore, would be completed within fiscal year 2015-16.The prime minister was delivering her concluding speech in the budget session of the House, which was prorogued last evening. She urged the global lenders not to put up â€Å"unnecessary obstacles† to Bangladesh's development efforts. Hasina's announcement came nine days after the World Bank pulled out of the bridge project, citing a corruption conspiracy. In her address, she sketched out how her government would arrange the money for the project from various sources.Terming â€Å"unprecedented† the response she had received from people in the last few days in support of the government's plan for building the bridge with local resources, Hasina said she was overwhelmed by the way they had expressed their enthusiasm. She added: â€Å"We will not bow to anybody. We can in no way accept the huge damage the World Bank has done to Bangladesh on lame excuses. No Bangalee can accept the allegation of corruption by the World Bank when not a single penny was released for the project. Criticising the WB for delaying her government's move to build the bridge, she said, â€Å"The construction cost has increased due to the delay. I will ask the finance minister to seek compensation from the World Bank. † Hasina also accused the global lender of instigating other lending agencies, including the Asian Development Bank, Islamic Development Bank and Jica, not to provide funds for the Padma bridge project. HOW TO RAISE FUNDS The premier said the government had lately estimated the construction cost of the bridge on a year-to-year basis.According to the estimate, Tk 3,197 crore will be needed in the current fiscal year, Tk 7,868 crore in 2013-14, Tk 7,786 crore in 2014-15 and Tk 3,785 crore in 2015-16 to complete the project. Citing the allocation of Tk 55,000 crore in the ADP for this fiscal year, Hasina said she had already discussed the matter with some ministries, and they had said they would not take their entire allocations in the current year's budget. â€Å"It is possible to save Tk 24,000 crore from the ADP. For this, we will have to be economical and may have to cut some development work under different ministries.But again, construction of the Padma bridge is also development work and will generate employment for many,† she said. The government would be able to begin the construction work soon, and will not waste any more time. The prime minister said the government had earmarked Tk 1,500 crore for infrastructure development and Tk 3,000 crore in the public-private partnership fund. Besides, a certain amount of money had been allocated for the Padma bridge in the budget. The government had also decided to issue sovereign bonds to collect $750 million.Besides, her government might levy a surcharge as was done for the construction of the Jamuna bridge. â€Å"We will also welcome any foreign investment in this project,† she added. Giving a breakdown of the Padma bridge costs, Hasina said Tk 15,000 crore would be spent for construction of the main portion of the bridge; Tk 7,200 crore for river training; Tk 1,281 crore for building Jajira approach road; and Tk 310 crore for Mawa approach road. She said her government had already spent Tk 1, 500 crore on land acquisition and rehabilitation purposes. The Consequent Impact of Constructing Padma Bridge in Own FundBe that as it may, the question i s whether the prime minister’s plan to construct the Padma Bridge without external finance is realistic. According to the estimates, Tk  32 billion will be needed in 2012-13, Tk  79 billion in 2013-14, Tk  78 billion in 2014-15 and Tk  38 billion in 2015-16. The current year’s requirement, as announced, will be redirected from the annual development programme. The government also plans to issue sovereign bonds to collect $750 million and other accumulations will be defined in future. However, mobilisation of domestic resources has hardly been impressive in the past.Regardless of the government rhetoric, the public-private partnership has not yet taken off although Tk  30 billion was allocated three years ago. In such circumstances, if the government continues to redirect funds from the ADP for the Padma Bridge, other projects will certainly be crowded out. The government is already reeling under high subsidy burden and inadequate allocation for its thrust sec tors. Although the inflow of remittance has kept foreign exchange reserve adequate, foreign aid for public projects has dwindled over the years. As such, receipt of foreign direct investment is much needed.In fact, did we not welcome the World Bank’s credit line for the Padma bridge project? Was it not highlighted in the news media? Amidst the raging global economic crisis, the government needs to realise the necessity of the soft loan from the World Bank. It needs to also have a closer looks at the country’s institutional capacity to finance such a colossal project without import of materials and without a foreign company. We might be able to prove our national capacity bypassing the World Bank, but the domestic financing for the project is highly likely to have some negative impacts on the economy.The additional outflow of foreign currency for import of materials will raise the price of dollar for which the estimated cost of Tk  230 billion is expected to increase to up to Tk  300 billion. Moreover, fund accumulation from non-residents may not be steady because of downtrend in the current account balance. The current account balance, which was 3. 7 per cent of the gross domestic product in 2009-10 and is projected to decrease to 0. 3 per cent of the GDP in 2012-13, could slide to a negative value.On the other hand, devaluation of the local currency will raise the price of imported products and will contribute to inflation. In addition, it will continue to provide additional tax burden on the taxpayers. In this context, the government’s strategy to enrich domestic capacity needs to be complemented with a friendly compliance strategy to handle donors and foreign investors. It is reported that the Anti-Corruption Commission failed to comply with the World Bank’s requirement due to its limitation with domestic policy.However, what was the limitation for the ministers to control corruption of their personal secretary or officials. If and when domestic resources will be allocated for the multi-billion dollar project, will the designated officials and implementing agents hesitate to divert billions of taka to their personal accounts? Ultimately, the government needs to address the corruption-related problem first and foremost. To this end, mere assertions of commitment will not be enough; they have to be complemented with decisive and demonstrative actions.Meanwhile, people will look forward to the dream of Padma Bridge coming to reality. So, in shortly if we summarized all the disadvantages of own funding for Padma Bridge, we could get:- * Mobilization of domestic resources is not impressive in our country, so there must be a huge need of importing resources. * We would need more Foreign Direct Investment (FDI), because foreign exchange is not adequate in Bangladesh. * Domestic funding would prove costly for the economy in the long run. * The additional outflow of foreign currency for import of materials will raise the price of dollar. Fund accumulation from non-residents may not be steady because of downtrend in the current account balance. * Devaluation of the local currency will raise the price of imported products and will contribute to inflation. We should not build the Padma Bridge just for the sake of building it. It has to be cost-effective, financially viable and above all economically rewarding. All of these depend on minimisation of direct and indirect costs of building the bridge with domestic finance as contemplated by the government.The first and foremost issue in this context is to be fully aware of the possible risks and costs involved in domestic financing, and find a way out to minimise them before starting the construction work. What are the possible risks that may escalate both direct and indirect costs of building the bridge with domestic funding? First comes the direct resource cost, which was estimated to be around US$ 3. 0 billion or nearly Tk 24,500 crore. Since the decision was taken to build the bridge on the basis of the feasibility study carried out by an independent agency, it can be assumed that it was found cost effective.The main indirect cost will be the impact on other economic activities and the balance of payments as a result of diverting resources, both in terms of local and foreign currency. Economists have already expressed their concern about these indirect costs. Although the private sector cannot grow adequately if the infrastructural inadequacies are not removed, they will not build infrastructure on their own as its benefit cannot be fully internalised and priced properly to recover the cost. This is what the economists call the market failure, which shifts the onus on the government.In principle, there is nothing wrong in diverting resources to build infrastructure by government which will ultimately help the private sector. The main point is to keep diversion of resources within tolerable limits so that it will not hur t the private sector significantly by squeezing the resources available to them. In the absence of sufficient sources for revenue earning, the government will have to borrow money from the banking sector to finance the bridge, limiting the resources available for the private sector to borrow from, which the economists call ‘crowding out effect. It will also increase the interest rate raising the cost of credit for the private sector. The size of government borrowings and the extent of private sector's reliance on the banking sector will determine the actual crowding out effect. Another potential indirect effect of government borrowings may work through the stock market. When the banks are faced with liquidity crisis to give loans to the private sector, they may decide to withdraw from the stock market causing another nose-dive of stock price, which has just started bottoming up after a major debacle.How government borrowing affects overall growth in a developing country, where the private sector is always constrained by infrastructural constraints, and government is the sole provider of infrastructure, is an empirical question. Unfortunately, this issue is not adequately researched in Bangladesh. There is only one study carried out by Bangladesh Bank a couple of years ago, which shows that private investment in Bangladesh is not affected significantly by rising interest rates. This finding makes it difficult to guesstimate crowding out effects of government borrowing in Bangladesh.Moreover, 6. 3 per cent GDP growth in the last fiscal in the midst of hue and cry about the crowding out effect does not provide any clear indication of how significantly government borrowing affects overall growth in the country. Yet, the government cannot and should not completely shrug-off the likely effects of its domestic borrowing. It should leave no stone unturned to keep its borrowing from domestic sources as low as possible. It should rethink a new strategy to keep the yearly requirement of resources to meet the cost at a tolerable level.One way of doing it would be to extend the construction period to five years from three years as currently envisioned. The total cost of Padma Bridge will have both local and foreign components; the former would require local currency, and the latter foreign currency. Let us review and compare the yearly requirement of taka and US dollar under different scenarios. No clear public information is available on the relative share of these two components. According to an expert, foreign component is about 40 per cent of the total cost.That means the government would need approximately US$1. 2 billion and Tk 148. 50 billion to construct the bridge, if the total cost is $3. 0 billion as originally estimated. Let us increase these amounts by 10 per cent, to $1. 32 billion and Tk 160. 38 billion, to account for inflation (as the start of the construction work has been delayed by more than a year. ) With this upward adjust ment, the yearly requirement in local currency will be about Tk 32. 08 billion if the bridge is constructed in five years. This amount will increase to Tk 53. 6 billion, if the bridge is constructed in three years. Similarly, the yearly requirement in foreign currency will be US$264 million if the construction period is five years, US$440 million in case of three years. If the total cost is equally divided between local and foreign components, yearly requirement will be Tk 44. 55 billion, if the bridge is constructed in three years and Tk 26. 73 billion in case of five years. Similarly, under this alternative scenario, yearly requirement will be US$550 million and $330 million respectably.Yearly requirements of taka and US dollar under different scenarios are shown in the table. As can be seen, yearly requirement of taka under any scenario does not exceed Tk 53. 46 billion. This should not be a very big problem to collect this money without any significant crowding effect in the eco nomy to negatively affect the growth. Also, even if there is some level of crowding out effect, part of it will be compensated by the multiplier effect of government spending in the construction of the bridge.Some adjustments in the annual development programmes (which always involve some inefficient and politically motivated projects) will also help reduce the negative effects on resource diversion. Besides, compromise with some level of growth in the construction phase of the Bridge which will foster regional equity and growth (as evidenced from Banghabandhu Bridge) will not be entirely unjustifiable from economic point of view. Inter-temporal optimisation of benefits always includes some trade-off between present and future benefits.The main problem that may become a concern is the availability of US dollar to finance the foreign component of the cost. The government has already expressed its optimism to be able to face this problem by using the forex reserve, which is currently in robust shape. However, this robustness may not sustain given the volatility of the global economy as well as our   export and import scenario. However, continued growth of remittances in the recent years is a plus point for the country.Yet, to minimise the risk of any probable foreign currency crisis and reduce pressure on the balance of payment, it will be prudent to extend the construction period of the bridge to five years, which will keep the yearly need of US dollar at a level of about $330 million. It is not easy for a developing and growing economy, which constantly operates under a stringent resource frontier, to invest in a huge infrastructure project like that of the Padma bridge. But the above numbers suggest that constructing the bridge in five years with domestic financing is very much doable contradicting the apprehension expressed by many. The End

LAND LAW Essay Example | Topics and Well Written Essays - 1500 words

LAND LAW - Essay Example It states above that the property was only registered in one name and therefore it would only require one signature for the sale or mortgage of the property1. This effectively means that Harry is entitled to mortgage the house without consulting with Ella. Subsection 2 lists the other interests or charges over the land that can be classed as legal interests and includes such things as easements2, rights of way, rentcharges3, legal mortgages4 and other similar charges. Under the Land Registration Act 1925 s5 the courts recognise the registered land as belonging to any person to whom the land has been registered as having an absolute title to that land5. This would effectively mean that Ella would not have a legal interest in the property. It is possible that she could argue that the money she paid towards the purchase of the house entitles her to a share of the property6. If Ella can show that she made a direct contribution to the purchase price the court would be free to concur that by her actions a resulting trust has been duly created7. The equitable presumption of resulting trusts is that a person who contributes to the purchase price of the land must have done so with the intention of acquiring an interest in that land in proportion to the amount that they have paid towards the purchase price8. If the courts can find that such an intention is to be inferred by Ella’s actions then they will give effect to the presumption thereby whilst recognising Harry as the legal owner of the property requiring him to hold the property on trust for Ella9. A resulting, implied or constructive trust†¦is created by a transaction between the trustee and the cestui que trust in connection with the acquisition by the trustee of a legal estate in land, whenever the trustee has so conducted himself that it would be inequitable to allow him to deny the cestui que trust a beneficial

Disscuction Article Example | Topics and Well Written Essays - 250 words - 1

Disscuction - Article Example Adoption or utilization of the new concepts illustrates either positive or negative aspects of the new opinion or concept. I accept data which challenge my present views. The challenging data provides very many alternative courses of action. For example, I presently believe that the main reason for education is knowledge development for employment purposes. But there are other significant views on benefits of education such as; developing entrepreneurship potential, ensuring innovation and creativity in society, and finally realizing good political governance through developing law abiding citizens. Accepting challenging data ensures understanding of the advantages and disadvantages of the view that I illustrate. For instance, my view on affirmative action is always positive. But there are shortcomings of affirmative action, for example, giving average employees in terms of competencies senior management positions in organizations. There are ideas that can challenge the comfort level that I am in currently; for example technological innovation ideas. New technology creates new processes. The emergence of the social networks has changed the way I communicate with friends. Because of busy work and education schedule, I mostly communicate with friends via Facebook and twitter

AIG Insurance Essay Example | Topics and Well Written Essays - 750 words - 11

AIG Insurance - Essay Example According to the paper despite the institutional void, the American Insurance Group was the first to gain a license to operate insurance products. Though the company had to endure seventeen long years in the wait, the breakthrough came when AIG had already owned twelve subsidiaries in China allowing it to apply for an insurance license. The group had access to the Chinese market through its subsidiaries and by getting licenses to sell various insurance products in multiple cities, AUIG was able to break into the institutional void of the Chinese market. The manner in which AIG tailored its products to suit the Chinese market was another way in which the company ensured that its preciously procured licenses were not wasted away. The institutional void in the Chinese market was filled not only by AIG but later on by the Italian insurance giant too. However, AIG had the benefit of being the first in the market. The framework developed by Khanna regarding strategic policies and planning of an insurance company provides set guidelines that can be adopted by firms entering newer markets. The emphasis of companies should be to develop global policies and strategic standards in homogenous markets. However, the Chinese market was not comparable to any previous market that AIG had operated in – the key was to use Khanna’s framework and adopt the insurance products in order to suit the Chinese market. This study outlines that AIG transformed its products to suit the Chinese markets by introducing new marketing techniques and promoting its insurance products in a way that appealed to the Chinese population. It is obvious that there was no lying on part of AIG, however, the emphasis of the marketing program was to project the life insurance policies as savings schemes so that the Chinese market would pay attention to the products. The FSA’s developed by AIG in the markets provided it the advantage that it needed in the Chinese market.

International Business - Trade and Currency Essay

International Business - Trade and Currency - Essay Example The reason of this paper and the discussion is to prove that counter-trade has more benefits. Through illustration of examples I have tried to prove why counter- trade persist despite currency conversion is possible. Counter- Trade is a form of trade where the importer and the exporter agree to the certain terms where they exchange goods as payment to the goods they will receive. The exchange does not have to occur at the same time. O'Connell. J [2005]. According to London counter trade round table LCR "Counter trade is inherently an ad hoc activity - practice varies according to local regulations and requirements, the nature of the goods to be exported and the current priorities of thee parties involved. Also, the terms used to describe the main modes of trading vary, often interchangeably causing confusion. " There are six division of counter trade. Barter: Exchange of goods or services directly for other goods or services. This does not involve money as a mode of payment. For example if Country A sells electric equipment to Country B in return for cotton - they will hold electric equipment back until they make good profit out of cotton. Switch trading: This is a kind of purchase where the importing Country is obliged to make future purchase from the exporting country. For example, Country A at one time had a large surplus of Rice. If Country B exports goods to Country A, they can use Country A's rice to finance exports by selling it. Counter purchase: When a company in a specific country makes a sale of good or any services that country in return promises to make a future purchase of a particular product from that company. Buyback: This practice is most common with exports of process plant, mining equipment. It's an export of any industrial equipment and in return promise to paid by the outcome of the investment they will make with that product. Offset: A company makes an agreement that they will offset hard - currency purchase of an unspecified product from the other exporting country in the future. For example a country buying an airplane may demand that some parts and components can be obtain in their local economy. Counter trade is also sometimes referred as compensatory trade as it is a kind of trade where both parties are putting them into an agreement, which compensate for hard currency. Counter trade Role in the world market According to Vertariu [1972], that among all business countries there were around 15 of them who are pursuing counter- trade; and up till 1979 the figure reached to about 27; and by the start of 1990s there were almost 100 countries which preferred counter -trade as their choice of business. Officials of the GATT organization have claimed that counter trade accounts have reached to about 5% of the world trade. The British Industry have exceeded to about 15%. As with east-west trade who are more popular with this kind of trade have raised the figure as high as 50%. A consensus of expert opinions Okaroafo [1989] has put the percentage of the value of world trade counter trade from 20% to 25%. Desirability of counter trade: According to (Choi S.R, Tschoegl, A. E., [2003]), counter trade is a safer option, as both parties of a counter-trade deal on the

Business and marketing Case Study Example | Topics and Well Written Essays - 750 words

Business and marketing - Case Study Example She carried out her research, came up with figures and statistics; on the strength of these, wrote a memo proposing that the vendors change their selling patterns. However, they mostly responded in a negative way and telling her, she does not understand their market while others did not even bother and her plan failed. Three months later she is told to redo the plan again taking to account the errors in the previous implementation, if is deemed feasible, she will be asked to implement it. This paper will examine why her first attempt flopped and how she must craft her second attempt if she hopes to sell her ideas successfully to the venders and implement her plan in the long run. Reasons of her failure can be attributed to several factors the most obvious one being the fact that she carried out most of her research and ignored or assumed the opinion and views of the ideas direct consumers who would benefit from its implementation. She gave little effort to boost awareness for her ideas, she worked alone and did not try to popularize or educate the field agents of the plans she had for them. By working exclusively, she locked out her beneficiaries from the planning session of the plans. She should have told them how they not only needed to change from small to big accounts but also how they should implement the change. While the logic behind her ideas is clear, she did not tell them which methods should be used to mediate the process and how they should vary their sales techniques to achieve her goal. Taking to account that every single of the agents has a unique marketing technique adapted to their individual tendencies and market situations, her memo was mostly too uniform to be practical. She assumed that everyone had small clients for the same reasons and they would get uniform benefits from making the shift. This explains why most of

A commitment to science and rationality and their application in Essay

A commitment to science and rationality and their application in public policy was a defining characteristic of modernity - Essay Example Positivism was founded upon the belief that society (civilisation) is progressing ever forward, and that the social scientist can study society, provide a more accurate understanding of how society works, and ultimately provide a rational means of overcoming existing social problems and ills by using scientific methods. Social scientists were interested in promoting a positive view of the social order, and in providing positive interventions in social life to make things better. This required systematic study of existing social problems, and the development of a wide range of techniques and strategies to deal with issues relating to schooling, poverty and family life.Under the rubric of positive reform, a wide variety of "experts" - medical, doctors, psychiatrists, health workers, teachers, criminal justice officials and social workers - began to devise "scientific" ways to raise children better, to professionalise parenting, to deal with personal troubles and individual deficiencies , to deal with young offenders and generally to engineer wide scale social reform. The development of positivism was related to efforts to adopt natural science methods and concepts in the study of society. Positivism is based on the idea of a scientific understanding of crime and criminality. It assumes that there is a distinction between the "normal" and the "deviant" and attempts to study the specific factors that give rise to deviant or criminal behaviour. Behaviour is a reflection of certain influences on a person, whether biological, psychological, or social in nature. It is believed that offenders vary: individual differences exist between offenders and these in turn can be measured and classified in some way. The focus of analysis therefore is on the nature and characteristics of the offender, rather than on the criminal act. The positivist approach is directed towards the treatment of offenders. Offending behaviour is analysed in terms of factors or forces beyond the conscious control of the individual. Since each individual offender is different from all others, treatment must be individualised. One strand of scientific research attempted to provide biological explanations for criminal behaviour; the other focused on psychological factors associated with criminality. Biological positivism Biological positivism was first popularised through the work of Lombroso. Borrowing heavily from evolutionary theories, Lombroso attempted to distinguish different types of human individuals, and to classify them on the basis of racial and biological difference. In a form of "criminal anthropology", the argument here was that a general theory of crime can be developed on the basis of measurable physical differences between the criminal and the no criminal. For Lombroso, the criminal was born, not made. The idea of a "born criminal" reflected the notion that crime is the result of something essential to the nature of the individual criminal. The emphasis on biological factors in explanations of crime was reflected in a number of subsequent studies. The study conducted on 355 male inmates of Pentridge

Balanced Scorecard Essay Example | Topics and Well Written Essays - 1500 words

Balanced Scorecard - Essay Example Through this process the organization is able to balance its priorities, allocate the available resources for maximization of the profits of the organization and generate realistic business plans. Over the years several research studies have been conducted in this field of the management science, and models like Balanced Scorecard has been developed which are basically designed for helping the organizations in their drive towards being more competitive in achieving their goals. This paper brings out an evaluation of Balanced Scorecard model as applied to a public sector organisation together with the implementation of the system as well as its operation and usefulness. With a view to measuring a firm's activities in terms of its vision and strategies and to give the manager's a comprehensive view of the performance of a business, a concept which is described as Balanced Scorecard was introduced by Robert S. Kaplan and David Norton in the year 1992. There have been several studies conducted on the subject of Balanced Scorecard to develop the concept adaptable to the changing circumstances and needs of the organizations. "The Balanced Scorecard method of Kaplan and Norton is a strategic approach and performance management system that enables the organ... The four perspectives are: 1. Financial perspective encompassing the implementation of a corporate database for processing the information in a centralized and automated way. 2. Customer perspective focusing on customer needs and customer satisfaction 3. Business process perspective by designing metrics to show the performance of the organization with strategic management processes, mission-oriented processes and support processes 4. Learning and growth perspective including employee training and corporate cultural attitudes related to both individual and corporate self improvement. (Kaplan & Norton 1996) For each of the perspectives of the Balanced Scorecard four things are required to be monitored and respective scores studied. Objectives: The overall objectives of the organization need to be studied and properly scored. The objectives may relate to the profitability, marketing or capacity utilization etc. Measures: Once the objectives are established the next logical step is to identify the proper tools and parameters and define them to measure the organisational's performance towards achieving these objectives. For example the growth in the net margin or the sales in a particular region may well act as the measurement parameters. Targets: When the measurement parameters are established suitable targets need to be evolved to transform the organizational objectives into reality. Achieving a reduction in the manufacturing cost to the extent of 5% annually may be fixed as a target. Initiatives: Proper initiatives in the form of projects of programmes need to be developed as a support for achieving the set targets. If the targets are supported by initiatives, it may not be possible for the organization to achieve its

Fuge in C Minor- Bach Essay Example for Free

Fuge in C Minor- Bach Essay Johann Sebastian Bach’s was born on the 21st of March 1685 and died in 1750. He was a German composer, during the Baroque period. His Fugue in C minor was written in the middle years of his life, 1722. A fugue is a contrapuntal composition, where a subject is developed. It has 3 main parts an Exposition, Middle section and the Final Section. The exposition is where the subject/theme of the piece is first announced, and is then answered by other voices. In Bach’s Fugue in C minor it is written for three parts, the Soprano, alto and bass. It is the alto who first states the subject in bar 1. The subject is the theme of which the fugue is established. This subject finishes on the first beat of bar 3. After this subject is stated the alto starts with a counter subject (accompanies the subject), while the soprano voice answers the subject with the answer (transposition of the subject). This answer is tonal, because the intervals are not exactly the same and it is in the dominant key of G minor. Between where the final voice, the bass enters with the subject and where the answer finished is a small 2 bar codetta, where both the soprano voice is based on the subject in sequence and the alto voice is based on the counter subject in sequence. Jus before the bass enters there is a false entry in the alto voice. When the Bass enters with the subject at bar 7 in it’s original form and both of the other parts continue with countersubject material. At the first down beat of bar 9 the exposition finishes. The middle section is where subject is developed it is also where episode 1 starts. An episode is a connecting passage, developed from previous material. Episode 1 starts off with the soprano and alto voice in stretto, where one voice comes in before the other has finished, and the bass is accompanying them with scalar passages based on the countersubject material. Bar 11 is the first middle section is heard. It consists of the soprano voice having the subject, but in a different key. The bass with counter subject material accompanies it. Episode 2 where soprano voice has the contrary motion of the counter subject and the lower two parts are in thirds ccompanying. Bar 15 is the 2nd middle entry in G minor, where the subject is heard by the alto with the soprano with counter subject material. The third episode starts in bar 17 where the soprano and bass voices have the subject material in rising sequence. The alto part is based on the counter subject but in contrary motion to the original counter subject. At bar 18 the alto and bass parts swap parts. The final section (where the piece returns to it’s original key) starts at the 3rd middle entry in bars 20. The 3rd middle entry goes from bar 20 to the first downbeat of bar 22. It has the soprano voice with the subject, while the bass and alto hold the countersubject. Episode 4 is the longest as it goes from bar 22 to half way through 26, it is in C minor. At the start of this episode the soprano and alto voices are in stretto like they were in episode 1. The bass part continues with the counter subject material until the end of the episode 4. At bar 25 the soprano has the subject. The soprano and bass swap parts half way through bar 26 and this is the start of the 4th middle entry. The 4th middle entry returns to C minor, here the soprano and bass swap parts and the bass has the subject. In bars 29 to the end we hear a coda. This is where we hear the subject for the last time after a short cadential phrase. This is accompanied by a pedal not in the bass. Overall Bach’s Fugue in C minor is written very similar to what generally a fugue is. Fugue in C minor has an Exposition, middle section and final section. He has also put in four episodes and four middle entries. The four episodes are bars 9-13, 14-17, 18-21, 22-31. The Four middle entries are bars 11-13, 15-17, 19-22, 26-28. This fugue ends like many other fugue’s with the subject heard one last time in the original tonic key.

Economic Analysis of Australia

Economic Analysis of Australia Table of Contents (Jump to) Introduction Analyzing Performance of Production Output Performance Trends Measures taken by Government to achieve Economic Performance Labor Market Analysis Unemployment Measure taken by Government to achieve full employment Price Level Analysis Inflation Trend Causes of Inflation Government measures for achievement of Stability in Price Conclusion References Introduction Australian economy has been encountering growth which generally emphasizes on low level from claiming unemployment, holding inflation, and low debt obligation for open and a stable solid monetary framework. For quite a while that is around 2012, Australia has been encountering nonstop monetary development for quite some time calculated as 2 decades which is reportedly increasing with 3.5 percent per year. Various assets and energy demand needs has been increasing with a rapid pace from the developing from Asia and China by working on a practical idea of creating a channel that easily carries on with the purpose of investing interest in the resources and at the same time growing them within the commodity. In this essay, monetary execution also known as economic performance of Australia will analysed and various studies will be carried out to get a deeper knowledge of it. Analyzing Performance of Production Output It has been quite a while during 2013, when the Gross Domestic Product of Australia was reported to be a whooping US $ 1560.60 billion. The quality from claiming Gross Domestic Product over Australia has been known to represent 2.52 % share within the worldwide economy. A normal expansion of about US $ 348 billion was reported in the year i.e. 2004 but it reached an astounding level of $ 1560. 60 in earlier years. Concerned illustrations marked a low reach of US $ 18. 60 billion (Zambrano, 2008). Regardless of the monetary tightness and strictness inside the economy, there is degree to the Gross Domestic Product with raise in additional concerns dealing with an idea of raise in economy with the raise in mineral reserves and its exports. (Fig 1: GDP of Australia 2004- 2013) (Source: Office for National Statistics, 2014) Performance Trends Those economy about Australia need been recognized similarly as a standout amongst the greatest capital economy crosswise over the globe. It need been computed that the Gross Domestic Product for Australia for quite a while in 2013 arrived dependently upon US $ 1. 5 trillion. Those downright riches of Australia need been computed toward US$ 6. 4 trillion. In the quite a while i.e. around 2012, its been distinguished concerning twelfth greatest national economy crosswise over those globe Toward the count about nominal amount of Gross Domestic Product. It may be additionally positioned at seventh rank toward the proper estimation for Gross Domestic Product following settling on alterations clinched alongside PPP. This need been computed similarly as 1. 7 % of the worldwide economy Australia is coming under the mark of rank nineteenth constantly the biggest exporter furthermore shipping over the globe (BBC News, 2014). Those administration segment from claiming Australia dominates the w hole economy of Australia that comprises of 68 percentage of the whole Gross Domestic Product. Those stock trade about Australia that is in Sydney need been positioned toward nine rank crosswise over the globe for admiration to promotion for market. (Fig 2: Australian Exports in the year 2006 across the globe) (Source: Office for National Statistics, 2014) Measures taken by Government to achieve Economic Performance In place to guarantee that economy of Australia sits tight great crosswise over those worldwide economy, legislature need to be been a number for activities to incitement about financial development same time providing for sufficient level for help of the worth of effort surroundings too (Zambrano, 2008). Those administration need presently been keeping tabs upon authorities should work greatly for making previous ventures work furthermore divisions about science and various engineering organization should exist on the check list to furthermore enhance the region in order to make smoother moving towards advancement by performing various tasks and doing certain researches. Labor Market Analysis The background about Australia has been known to remain developing during an unfaltering position for quite a while around the year 2003. The rate from claiming unemployment has been known to setting off by the rate of 6 percent and is continuing to slow down till the present time. (BBC News, 2014). The patterns clinched alongside unemployment from claiming specific states alternately locales might not influence the experience of Labour market crosswise over the whole range about Australia. Sydney should bring more level rate for unemployment in examination for different zones or locales. However, despite the fact that those rate for unemployment need been low Since the time that the end about money related crisis, those unemployment rate for different created nations need aid still easier. This states that there is at present extent for Australia to enhance this rate. Unemployment Unemployment will be a state during which people who need aid eager to worth of effort come up short to search for proper occupations. This may greatly prove to be an unfriendly condition that not only have enormous effect on the lifestyle for people yet it proves to be a hazard on the whole economy also. Clinched alongside attention with those sorts from claiming unemployment, it has been seen that the most of the Australian population dives through issues claiming cyclical unemployment (Rogers, 2013). This hazardous process usually takes place when the whole economy may be at a level of decrement. It may also be caused when there is a decline in the demand of nominal goods that prove to be bringing an increment in the economy. Australia is known to be suffering from confronting issues as big as structural unemployment. Measure taken by Government to achieve full employment For admiration to the issue from claiming unemployment, the legislature of Australia need o produce a frictional arrangement working towards good of the citizens (Bremner, 2007). This specific approach should focus with reducing activities that basically causes diminishment of societies. It can be done by claiming strict qualities for connection with points of interest instead of complaining about unemployment. A centralised data of skilled people and various companies should be made to enhance the job and employment process. This particular idea usage has been proving fruitful to labourers and workers that need aid while searching for occupations to an animated. Price Level Analysis Inflation Trend Those rate of inflation for the year2014 in the second quarter has been computed toward 3 percentage (BBC News, 2014). In the case of Australia, those rate of inflation contributes in the assessment of a fact that the climb in the price of a commodity that has to be beard and paid by a normal purchaser. Products like tobacco and alcohol have seen a price rise in some of the considerable years that have passed. (Fig 3: Inflation Trends in Australia) (Source: Office for National Statistics, 2014) Causes of Inflation The principle foundation behind sudden rise in inflation is because of sudden cost increment in raw petroleum that in the end prompts a value rise in vitality charges and foreign merchandise (Bremner, 2007). Other reasons that had been recognized are basically concerned with expanded costs for import, expansion in the rate of backhanded taxes, and increasing rate of labour toward government Government measures for achievement of Stability in Price There comes a point when there is an event of negative pattern inside inflation, there would possibilities that there will a chance to be a decrease in the trade rates. This is on account of the brokers will start those deal of cash that will prompt a diminishing scenario in the exchange rates. This is the reason why legislature of Australia initiates drifting trade rates that serves for reversing once again the real level from claiming interest. Conclusion The economy of Australia has been experiencing regular growth and featuring low level of unemployment, containing inflation, very low debt of public and a stable and strong financial system. The economy of Australia has been identified as one of the biggest capital economy across the globe. It has been calculated that the GDP of Australia for the year 2013 has reached up to US $ 1.5 trillion. In consideration with the types of unemployment, it has been seen that the Australian population mostly goes through issues of cyclical unemployment. With respect to the issue of unemployment, the government of Australia has generated a frictional policy. References BBC News. (2014). Korean economy growing at fastest rate since 2007. BBC South Korea. Bremner, C. (2007). Top 150 city destinations: South Korea leads the way. Euromonitor International. Office for National Statistics. (2014). Gross Domestic Product: Preliminary Estimate, Q1 2014. Rogers, S. (2013). Deficit, national debt and government borrowing how has it changed since 1946?. The Guardian. Zambrano, J. (2008). World's Most Economically Powerful Cities. Forbes.      Economic Analysis of Australia Economic Analysis of Australia Australia has had a good track record of prudent fiscal policy, strong macroeconomic management and performance, and good financial regulation over the years but most importantly all through the global economic crisis. In fact compared to other OECD countries it’s weathered the current crisis extraordinarily well. In 2012 the Gross Domestic Product (GDP) in Australia accounted for 2.45% of the world economy at 1520.60 billion US dollars. Since 2008 its economy has grown by 14.3%. If we take a look at Australia’s GDP per capita, the biggest rally is in 2009 if you measure it in US dollars. Where growth since 2007 is 42% compared to 24% using nominal Australian dollars. If we take inflation into account and look at Real GDP, which is a more realistic view as it’s used to define the standard of living; Australia has increased by 5% since 2007. Relative to the UKs decline by 6% during the same period, this is an outstanding result. Growth of Australia GDP per capita (2007=100)    2006 2007 2008 2009 2010 2011 2012 2013 Real (A$) 97.4 100.0 100.5 110.1 101.3 102.2 104.1 105.4 Nominal (A$) 93.3 100.0 107.1 107.0 114.0 119.6 121.1 124.4 Nominal (US$) 83.3 100.0 108.8 101.0 125.0 147.2 149.6 142.6 Data source: IMF Australia’s economy is dominated by its services sector, yet its economic success is based on its abundance of agricultural and mineral resources. Mining, including oil and gas, accounts for 60% of Australia’s exports and over 10% of its Gross Domestic Product. Source: Australian Government, Dept. of foreign affairs Australia’s close proximity to China and its strong demand for commodities has also helped with the mining sectors rapid growth in the last 10 years. The expansion in the mining sector has had a knock on effect to other related sectors which have grown rapidly on the back of it mining equipment, technology and services (METS), education exports, construction and financial services. Australia’s terms of trade rose to an historic high in to 2011 mainly due to high global prices for its exports such as Iron ore and coal. Australia acknowledges and it’s been well documented that the mining boom is over its peak and mining related investment is expected to fall dramatically. Therefore, Australia is building a sophisticated services export, converting its natural advantages in mining and agriculture into a wider knowledge-based, diversified and service-oriented economy. Although some sectors unrelated to mining have struggled with Australia’s strong exchange rate, unemployment, albeit edging higher , remains at a low level, inflation is within targets and public debt is low relative to other OECD countries. Over the medium term the biggest external risk to the Australian economy is a slowdown in growth in China and a related fall in commodity prices. As outlined in the table below over 50% of its exports were shipped to China, Japan and Korea in 2012-2013, if demand from these markets were to fall dramatically it could be detrimental to the Australian economy. Australias main export destinations 2012-13 (e) (f) 1 China 31.60% 2 Japan 18.80% 3 Republic of Korea 7.70% 4 India 4.60% 5 United States 3.60% Source: Australian Government, Dept. of foreign affairs Between 2008 and 2013 the Australian government took a number of steps to boost trade and investment, among these they reduced taxes on imports and simplified the screening process for foreign direct investment. Because of these alterations to policy Australia is 4th in OECD for ease of trade and investment flows, behind only the Netherlands, Poland and Belgium. As pointed out by Brian Aitken, IMF Mission Chief to Australia- â€Å"Australia’s flexible exchange rate provides a buffer against shocks and the authorities have both monetary and fiscal policy space to react if the outlook deteriorates â€Å" (Australia on Path to Broader-based Growth, IMF Survey, February 12, 2014). The government aims to reach a fiscal surplus over the medium term and have put strategies in place to do so. Which will put them in a position to take the necessary steps; they believe, to counter act damage to their economy. As noted above, Australia has a flexible exchange rate which means that the Reserve Bank (RBA) is able to react to shocks in the market by altering its independent monetary policy. As outlined in the graph below its exchange rate main trend has been growth since 2008/2009 with a slight decline in value recently. This strong exchange rate has boosted household income because of cheaper imports however it has had an adverse effect on the international competitiveness of manufacturing firms – particularly the car sector, education and tourism sectors. All that said, as outlined in the OECD Economic Survey 2012; â€Å"The Stronger exchange rates together with capital-goods investment have increased imports and thus widened the current account deficit.† In the IMFs Article IV the economists are noted to believe that â€Å"despite some recent depreciation , Australia’s exchange rate is still moderately overvalued and is weighing down non-mining activity. â€Å" Unlike most OECD countries the Australian Banking Sector has continued to perform well, has kept pre crisis profits through 2008 to date, and continued to be rated favourably by international rating agencies, current rating AAA. Their exposure to the stressed banking sector in Euro zone is low and the Australian governments’ priority is to help preserve the banking sector as this will aid them in accessing international capital markets with relative ease. In February 2012 the government implemented a deposit guarantee scheme for all bank deposits up to 250,000 AUS dollars which will fully protect 99% of deposits in any Australian bank. Over the last 12 months Australia has seen an upsurge in the housing markets, mainly concentrated in the major cities where house prices rose by 10%,the highest yearly growth in four years. This in turn has led to an upsurge in the construction sector, which had previously been weak. However, it is not envisaged that construction of new homes will meet demand which could attribute further to house price acceleration. Household credit has remained moderate; however, Australian government and banks need to learn from its peer’s mistakes in OECD and guard against the effect a sudden drop in house price which could mean a reduction in consumer confidence and an impact on economic activity. Some point to Australia’s tax system as a major contributor to the house price surge, record low interest rates are being paid on savings and very attractive tax concessions being offered to property investors such as negative gearing and capital gains discount. However high taxes and charges on new homes, a difficult planning process and the urban consolidation policies are driving costs higher, which in turn is helping to further inflate house prices. That said, despite growth in the housing market being largest since 2009, there had been a decline in housing prices in 2011 2012 totaling 4.2% similar to the decline in 2008, so an increase was expected by most .The labour market is also effecting house prices with unempolyemnt rising and people moving mainly to the cities to get empolyment, a factor which is attributing to both house price and rental market increases. Another contributing factor is Australias population growth and immgration. In 2009 the popluation grew by 2%, over half of this was net migration alone. On the back of demand for new homes economists expect an increase in the construction sector in 2014 to help boost economic growth. Already Australia has seen an increase in the approval of residential homes, January alone seen an increase of almost 7%, which puts the annual growth rate at 34.6%. Australia’s unemployment rate climbed to a 10 year high in January 2014 6%, a 2% increase since 2008 that said it is low compared to other OECD countries which are still feeling the effects of the Global Financial Crisis. In the recent IMF Article IV report WA Chamber of Commerce and Industry chief economist John Nicolau said of these figures that the states economy remains buoyant despite the jump in unemployment. Weve got employment growth of around 16,500 new full-time jobs in this last month alone, coupled with 9,000 the month prior, he said. â€Å"That’s the strongest two-month period of employment growth in this state for six years (abc.net.au, 13th March 2014). Unemployment Rate 2008 – 2014 Unemployment Rate versus other Economies This year already new jobs have been generated and filled, approx. 50,000 in February, but the unemployment rate of 6% remains static as there was a 0.2% rise in the proportion of people in work or looking for it the participation rate now stands at 64.8%. February 2014 marked the 15th consecutive month where unemployment grew less than the size of the labour force. The inflation rate in Australia has remained relatively low in recent years (table below), down from 4.4% in 2008. This is consistent with the central bank’s objective of an average inflation rate of between 2% and 3% a year. The Reserve Bank of Australia (RBA) expects that inflation will stay at or below this until at least mid-2015, with wage growth forecast to remain contained. Historical Inflation Rates (2008 – 2014) Year mar Jun sep dec Ann 2013 2.5% 2.4% 2.2% 2.7% 2.5% 2012 1.6% 1.2% 2% 2.2% 1.7% 2011 3.3% 3.5% 3.4% 3% 3.3% 2010 2.9% 3.1% 2.9% 2.8% 2.9% 2009 2.4% 1.4% 1.2% 2.1% 1.7% 2008 4.3% 4.4% 5% 3.7% 4.4% Source:rateinflation.com Last year, 2013, Australias inflation rate moderate to around 2.2% 2.5%, and has been broadly stable since, reflecting ongoing strength in the Australian dollar, broad-based competitive pressures within the domestic economy and subdued growth in costs. The absence of high inflationary pressures is another aid so the government can alter monetary policy as and when it needs to in order to help guard the economy against risks. The Australian cash rate fell from 7% in 2008 in response to the Global Economic Crisis; the Reserve Bank of Australia cut interest rates by 4% between September 2008 and February 2009 in response to the slowdown of their economy – an effect of the Global Financial Crisis. RBA cut interest rates again in 2012 in response a worsening outlook to the global economy and signs of their own weakening labour market. The cash rate now stands at 2.50%, the lowest on record. However, this is expected to edge higher this year as growth is expected to strengthen helped by the low interest rates and inflation is expected to stay within target of 2%-3%. In the long run an increase in interest rates could help the spiraling house prices in the major cities come back to more realistic valuations. A new government was voted into Australia in September 2013 and they are preparing for their first budget in May. The budget deficit for 2012 – 2013 was 2.6% of GDP an increase from 1.3% in 2008- 2009. Top of the new government’s agenda is to tackle public debt, and they are being very vocal in pointing the finger of blame at their predecessors. Of the 17 top surveyed IMF countries, Labour left us with the fastest growth in spending of anyone in the world and they left us with the third highest growth in debt of anyone in the top 17,( Mr Hockey, Treasurer, abc.net.au,13th March 2014) Their aim is to return their budget to surplus and maintain a budget surplus going forward; to do this a huge cut in spending will be needed. As highlighted in the IMFs article IV; â€Å"If tax revenue is held at its average level over the last decade, the resulting budget deficit in 2023/24 would reach 2 percent of GDP. Reaching the government’s budget surplus target would thus require cutting spending by around 3 percent of GDP, either by reducing net non-social spending or by putting in place policy measures to contain increases in social spending†( IMF Article IV, 2014) Consumer confidence has been low, Consumer spending was held back in 2013 because of uncertainty around the government election in that September, high household debt, and uncertainty in the economy. In the year to June 2013 retail sales growth rates were at their lowest rate in 51 years, rising just 2.5% from the previous year. Because of this consumers have increased their saving rates since 2007 and reduced their demand for loans. Although household debt is high, Australian households seem to be able to meet this debt with only 1% non-preforming house loans and 50% of owner occupiers repaying ahead of their mortgage schedule. Compared to other OECD countries tax to GDP in Australia is low. Since 1965 Australia has ranked in the bottom third of OECD countries and in 2010 it ranked fifth lowest over all. Tax-to-GDP ratio for OECD countries, 2010 Source: OECD Revenue Statistics, 2012. Of the OECD countries Australia also has the third lowest level of taxation on personal income which includes social security taxes and taxes on payroll. Tax revenue (% of GDP) in Australia Source: tradingecomomics.com In 2008 tax revenues were steady at approx. 24% however as a result of the Global Economic crisis tax to GDP fell to approx. 20% in 2010 – 2011 since then total taxes have recovered one third of the lose but are still not back at 2008 level. Australia’s tax components are very similar to other OECD countries but with one major difference, Australia is one of two countries in OECD which do not levy social security taxes. Conclusion: Over all the Australian economy has performed very well since 2008, mainly because of its mining sector and related industries. The big challenge ahead is whether and how quickly it can adapt to mining construction falling. Home building and mining exports could help boost the economy and drive economic growth in the medium term. Now that the election is over and there is renewed demand for housing could be indicators of a boost consumer confidence and help the consumer start to spend again. If interest rates remain low this will help stimulate discretionary consumer spending and dwelling construction. Unemployment is still low at 6% compared to Australia’s OECD peers and new jobs are being generated, aided by a rise in demand for new housing. The main internal risk to the Australian economy is that the new government may be too aggressive in reducing government spending in their aim for budget surplus however this effect could be lessened by a further cut in interest rates. The main external risk to the economy as outlined already is Australia’s reliance on the Chinese market and commodity prices. Chinas growth rate is currently at approx. 7%, their government are implanting fiscal stimulus which should boost economic growth which will have a positive effect on the Australian economy as there will be continued demand for commodities to be exported to China. This may also affect the demand for housing in Australia as Chinese investors buy to rent, thus boosting the employment sector. The Australian banking sector is strong and both domestic and international markets have fate in it, it is one of only eight sovereigns globally to be rated AAA with a stable outlook by all the major credit rating agencies. This is a huge endorsement on the Australian Economy. If any shocks were to apply to the Australian Economy, its government are one of few globally that have the fiscal and monetary policy that will enable them to adapt very quickly. Australia’s economic performance to date has been the result of good structural reforms, demand for commodities and sound macroeconomic policies, hence the IMF forecasting â€Å"annual average GDP growth for Australia of 3.1% between 2013 and 2018 – the highest growth forecast among major advanced economies† (IMF, World Economic Outlook, April 2013). Bibliography IMF, Article IV Australia, 2013 OECD, Ecomonic Outlook Australia, 2012 Macrobusiness.com Tradingeconomics.com GFmag.com Reserve Bank Australia Business.nsu.gov.au Abc.net.au

the count of mountie cristo :: essays research papers

The Count of Monte Cristo I want to begin by introducing you to this great book written by Alexandre Dumas. This novel was published by the Penguin Group in 2001. It was a story full of love, adventure and betrayal. It began as a sweet romance . Then a third party began to reveal his perverse intentions to feed off of the innocent . It was a envy , jealous, and deceit. After the sad and unfortunate body of this suspenseful thriller there was a twist in the story. A great success for our Edmond and his only true love . The main character Edmond Dantes wore many hats in this epic piece. He was a sailor ,a lover ,a friend ,a captain, and a prisoner. After the tragic death of the captain he is honored and promoted to being the new captain . When they return he is regretfully convicted of treason and put into prison for 13 years .He copes with having it all then losing it all by way of the betrayal of a close friend and fellow sailor. .His faith brings him through this troubled storm into a glorious rainbow of blessing that ends this novel with a warm feeling of justice . Edmond Dantes left his beautiful girlfriend Mercedes to board a cargo ship with his trusted and treasured friend . While they are in the foreign island of Elba as the captain was dieing he agreed to deliver a letter for Napoleon , which later finds its way back to haunt him. Due to the fact that his friend was jealous of his new position and beautiful wife and began to sabotage his career . He is convicted of treason when it is brought to the attention of Frances government that he had been collaborating with the foreign emperor Napoleon. He spent thirteen years in prison along side of a priest who in exchange for helping him dig a tunnel for their escape he would teach Edmond how to read and write .He also taught him how to be a masterful swordsmen . Soon after the priest passed after a seizure and Edmond Dantes was left to complete the escape alone , but not as planned . He escaped switching places with the priests body and after being drug out in a body bag and thrown into the icy waters of the bay ,he visited the island of Monte

Confucianism :: Papers China Religion

Confucianism Confucianism is the major system of thought in China. It was developed from the teachings of Confucius and his disciples, and concerned with the principles of good conduct, practical wisdom, and proper social relationships. Confucianism has influenced the Chinese attitude toward life, set the patterns of living and standards of social value, and provided the background for Chinese political theories and institutions. It has spread from China to Korea, Japan, and Vietnam and has aroused interest among Western scholars. Although Confucianism became the official ideology of the Chinese state, it has never existed as an established religion with a church and priesthood. Chinese scholars honored Confucius as a great teacher and philosopher but did not worship him as a personal god. Nor did Confucius himself ever claim divinity. Unlike Christian churches, the temples built to Confucius were not places in which organized community groups gathered to worship, but public edifices designed for annual ceremonies, especially on the philosopher's birthday. Several attempts to deify Confucius and to convert Confucianism failed because of the essentially profane nature of the philosophy. The principles of Confucianism are contained in the nine ancient Chinese works handed down by Confucius and his followers, who lived in an age of great philosophic activity. These writings can be divided into two groups: the Five Classics and the Four Books. The Wu Ching (Five Classics), which originated before the time of Confucius, consist of the I Ching (Book of Changes), Shu Ching (Book of History), Shih Ching (Book of Poetry), Li Chi (Book of Rites), and Ch'un Ch'iu (Spring and Autumn Annals). The I Ching is a manual of divination probably compiled before the 11th century BC; its supplementary philosophical portion, contained in a series of appendixes, may have been written later by Confucius and his disciples. The Shu Ching is a collection of ancient historical documents, and the Shih Ching is an anthology of ancient poems. The Li Chi deals with the principles of conduct, including those for public and private ceremonies; it was destroyed in the 3rd century BC, but presumably much of its material was preserved in a later compilation, the Record of Rites. The Ch'un Ch'iu, the only work reputedly compiled by Confucius himself, is a chronicle of major historical events in feudal China from the 8th century BC to Confucius's death early in the 5th century BC. The Shih Shu (Four Books), compilations of the sayings of Confucius

Titanic Essay examples -- essays research papers fc

TITANIC This paper will be about the sinking of the R.M.S. Titanic. Some people call this sinking the greatest maritime disaster. It wasn't just the fact that the ship sank, but also all the different circumstances that caused this ship to sink and take so many lives. In the time period of 1900's-1915's many things happened. One major disaster was the sinking of the Titanic. The information will be gathered from the library, a documentary film, the Internet and personal books. From these resources the paper will explain about how the Titanic sank, some of the people who were on the ship and how it was found after over 70 years at the bottom of the Atlantic. People who read this paper should learn about the history of the Titanic. The Titanic was originally designed to have three funnels, but four were used to make it look better. The fourth funnel was actually just an air vent. The main dining room was supposed to have a large dome but it was changed to a normal ceiling. The staircase was enlarged so it fanned out at the landing of each deck, as well as adding a large glass dome above it. Also, two extra elevators were added making a total of four. "She was the most beautiful ship afloat. No ship will ever resemble her class and luxury." ("R.M.S Internet") The R.M.S. Titanic was believed to be unsinkable. Bruce Ismay was the White Star Line chairman on the Titanic; he told the captain that the ship was unsinkable because the ship could have any four watertight compartments damaged and still stay afloat. He also believed that anything big enough to sink this ship, could be seen from miles away and be avoided. Mr. Ismay said, " Not even god himself could sink this ship." ("Titanic" Internet) Originally the plan called for 64 lifeboats but only 20 lifeboats were used. There were 14 wood lifeboats that could hold 65 people each. Two woodcutters that could hold 40 people each and four collapsible boats that could hold 40 people each. These lifeboats would only be able to hold about half of the passengers in an emergency. ( Internet) Knowing the lifeboats would only be able to hold about half of the passenger's, crewmembers still only filled some of the boats with less then 30 people. These boats were hal... ...e think that they should raise the Titanic so that they could explore it and study it. I think they should leave it where it is, out of respect at least. People lost their lives on this ship and deserve a place to spend their time. Not only will they disrespect the dead, but also by raising the ship, they will disrupt everything. Once the steel hits the oxygen, it will begin to corrode. After awhile, there will be no Titanic left at all and just so they could study it. " The Titanic surely should never be raised, it is a cemetery to all those who lost their lives that nite."(Ballard "Long" 708) WORKS CITED Ballard, Robert D. "How We Found Titanic." National Geographic (December 1985): 696-718. Ballard, Robert D. "A Long Last Look at Titanic." National Geographic (December 1989): 698-727. "R.M.S. Titanic†¦the story told." Internet. http://www.titanic.cc/titanic.htm. (4 Feb. 2001). "The Titanic Tragedy." Internet. http://www.angelfire.com/ct/titanickateleo/page11.html. (4 Feb. 2001).

The Silver Linings Playbook Chapter 31

Letter #2-November 15, 2006 Dear Pat, First, let me say it's good to hear from you. It's been a long time, which has been strange for me. I mean, when you are married to someone for years and then you don't see that person for almost as many years, it's strange, right? I don't know how to explain it, especially since our marriage ended so abruptly and scandalously. We never got a chance to talk things over – one-on-one – like civilized adults. Because of this, sometimes I think maybe it's almost as if I'm not really sure the multiple â€Å"Pat-less† years have truly transpired, but maybe it's been only a brief separation that feels like years. Like a solo car ride that takes all night but feels like a lifetime. Watching all those highway dashes flying by at seventy miles an hour, your eyes becoming lazy slits and your mind wandering over the memory of a whole lifetime – past and future, childhood memories to thoughts of your own death – until the numbers on the dashboard clock do not me an anything anymore. And then the sun comes up and you get to your destination and the ride becomes the thing that is no longer real, because that surreal feeling has vanished and time has become meaningful again. Finally making contact with you is like arriving at the end of a long car ride and realizing I went to the wrong place – that I have ended up in the past somehow, at the port of origin instead of the dock of destination. But at least I finally get to say that to you, which is important. It probably sounds stupid, but maybe you know what I mean. The part of my life you once filled has been nothing but highway dashes since you were put away, and I am hoping this exchange of letters will help to provide closure for both of us, because soon I will drive back to the place I was before Tiffany contacted me, and we will be only memories to each other. I can hardly believe how much you wrote. When Tiffany told me you were writing me a letter, I did not expect you to give her two hundred photocopied pages of your diary. As you can imagine, Tiffany was not able to read me all of the pages over the phone, because that would have taken hours! She did read me the introductory note and then filled me in on the rest, citing your diary often. You need to know it was a lot of work for her to read through the manuscript and pick out the parts she thought I should hear. For Tiffany's sake, please limit your next letter to five pages – should there be a next letter – as reading five pages aloud takes a long time and Tiffany is typing up what I dictate over the phone as well, which is already too much to ask of her. (She really is a phenomenally kind woman, don't you think? You are lucky to have Tiffany in your life.) Maybe it's the English teacher in me, but I feel as though a page limit is best. No offense, but let's try to be c oncise. Okay? Congratulations on your dance performance. Tiffany says you performed flawlessly. I'm so proud of you! It's hard to imagine you dancing, Pat. The way that Tiffany described the performance was very impressive. I'm glad you are taking an interest in new things. That's good. I certainly wish you had danced more with me. Things at Jefferson High School are gloriously shitty. The PTA pushed for online grade books, and now parents have access to their children's grades 24/7. You would hate working here now because of this new development. All parents have to do is log on to a computer, go to the Jefferson High School Web page, enter an ID # and a password, and they can see if their kid turned in his homework on any given day or scored poorly on a pop quiz or whatever. Of course, this means if we are behind on our grading, parents will know and the aggressive ones will call. Parent-teacher conferences have increased because of this. Every time a student misses a single homework, I'm hearing from parents. Our sports teams are losing pretty regularly too. Coach Ritchie and Coach Malone both miss you. Believe me when I say they could not fill your shoes, and the kids are worse off without Coach Peoples at the helm. The life of a teacher is still hectic and crazy – and I am glad you don't have to dea l with this type of stress as you heal. Sorry to hear about your father being aloof. I know how much that used to upset you. And I'm also sorry your Eagles are up and down – but at least they beat the Redskins last weekend, right? And season tickets with Jake, you must feel as though you died and went to heaven. I think it's best to say I am remarried. I won't go into details unless you want me to, Pat. I'm sure this comes as a shock to you, especially after Tiffany read me the many parts of your diary that seemed to indicate you still hope to reconcile our marriage. You need to know this is not going to happen. The truth is I was planning on divorcing you before the accident, before you were checked into the neural health facility. We were not a good match. You were never home. And let's face it – our sex life was shit. I cheated on you because of this, which you may or may not remember. I am not trying to hurt you, Pat – far from it. I am not proud of my infidelity. I regret cheating on you. But our marriage was over before I began my affair. Your mind is not right, but I have been told your therapist is one of the best in South Jersey, your treatments are working, and your memory will return soon; when it does, you will remember how I hurt you, and then you will not even wan t to write me, let alone try to re-create what you think we once had. I understand my blunt response to your very long and passionate letter might make you upset, and if you don't want to write me again, I will understand. But I wanted to be honest with you. What's the point if we lie now? Yours, Nikki P.S. – I was very impressed with your finally reading many of the books on my American Lit. syllabus. Many students have also complained about the novels being so depressing. Try Mark Twain. Huck Finn ends happily. You might like that one. But I'll tell you the same thing I tell my students when they complain about the depressing nature of American literature: life is not a PG feel-good movie. Real life often ends badly, like our marriage did, Pat. And literature tries to document this reality, while showing us it is still possible for people to endure nobly. It sounds like you have endured very nobly since you returned to New Jersey, and I want you to know I admire that. I hope you are able to reinvent yourself and live out the rest of your life with a quiet sense of satisfaction, which is what I have been trying to do since we parted.