Tuesday, May 26, 2020
Gay Marriage (Essay Sample) Content: Same Sex marriageNameUniversitySame Sex marriageIntroductionAll people deserve the rights that are offered by the state. Any person who pays taxes, abide by the law, serves the community must be afforded rights as citizens. However, not all people are afforded such rights. Same-sex couples are consistently denied such rights. Same-sex couples are denied their rights because of the sexual orientation. The discrimination against same-sex couples must stop because, just as heterosexual couples, they are law-abiding.One of the main issues that plague same-sex marriage is that they are denied the right to claim their partners social security after he or she has died (Baunach, 2012). Human Rights Campaign groups, which function to attain equal rights for same-sex couples are supporting the efforts to achieve survivor remuneration for domesticated partners. Presently, there are no programs, which offer same-sex couples benefits such as those offered for heterosexuals couples . Same sex marriages are not able to claim benefits of their deceased, despite the fact that they are all working citizens (Bernstein Taylor, 2013). Sadly, this leaves many same-sex couples with unsteady retirement, regardless of the fact that they pay survivor benefits. Same-sex couples lack of legal recognition affects them in many ways. The same-sex marriage argument is much deeper than whether or not they ought to reside together. If they pay taxes like the heterosexual couples, same-sex couples must be afforded the similar rights (Gill, 2012). In Baker v. Vermont, same-sex couples argued that they are denied protection of over 300 laws, as an effect of not being permitted to marry. As a result, the House of Representative of Vermont voted in favor of same-sex union bill. It is evident that Same-sex couples are not being perceived equally by law, and the initial steps of fixing this issue are just being taken (Rimmerman, 2014).The fight for homosexual couples is for legal and not religious recognition. Most people against same-sex marriages concur that they do not hate same-sex marriages; they just oppose their lifestyle because of their church affiliations and religious beliefs (Corvino Gallagher, 2012). The battle of same-sex couples to legalize their union is not to violate religious beliefs. Same-sex unions are to be acknowledged by the state and not by churches. Priest are not forced to conduct same-sex unions, it would be unjust for the state to decide what people should believe, such actions breach the freedom of religion (Corvino Gallagher, 2012). Nevertheless, this does not offer the state the right to discriminate against same-sex couples. Lawfully, the state and religion are supposed to be separate. Whether, same-sex unions must be legally recognized is not a religious question (Bernstein Taylor, 2013).ConclusionIt is essential to isolate religious issues and view the debate from a legal perspective. It is essential for the state to acknowl edge same-sex unions because all people in the society must be accorded similar rights reg...
Saturday, May 16, 2020
In William ShakespeareÃ¢â¬â¢s play Macbeth, there is a constant struggle for power by Macbeth that leads to many problems, not only for himself, but for the very nature of Scotland as well. While examining the play Macbeth, we will prove how MacbethÃ¢â¬â¢s ambition for power will affect the natural order of the world and show how he is an unjust ruler. In the beginning of the play Macbeth, Macbeth was viewed as a righteous and brave man; and had helped his cousin the king in stopping a rebellious thane. In the next scene Macbeth and Banquo meet three witches that foretell MacbethÃ¢â¬â¢s future by saying Ã¢â¬Å"All hail Macbeth! Thane of Glamis! All hail Macbeth Thane of Cawdor! All hail Macbeth that shalt be king after!Ã¢â¬ (I, iii, 51-53) After hearingÃ¢â¬ ¦show more contentÃ¢â¬ ¦In the letter he tells her about the witches and their prophecy. Lady Macbeth, during this act, is far more ambitious than her husband Macbeth, and when he finally arrives back, she tries to convince Macbeth to kill Duncan for the crown. For she knows that Macbeth is Ã¢â¬Å"too full oÃ¢â¬â¢thÃ¢â¬â¢ milk of human kindnessÃ¢â¬ ¦Ã¢â¬ (I, iv, 17) to do it by himself. In the argument, Macbeth, who has still not let ambition overtake him yet, is still a righteous and honorable man, and gives many explanations about how he canÃ¢â¬â¢t and wonÃ¢â¬â¢t kill Duncan. In the quote by Machiavelli, it states that Ã¢â¬Å"For whereas in general the conspirator has to fear before the execution of his plot , in this case he has also to fear sequel to the crime; because on account of it he has the people for an enemy, and thus cannot hope for any escapeÃ¢â¬ (XIX) Macbeth realizes this, for he knows that if he kills Duncan the fallout of the deed would not stop there and he would have to commit more crimes to cover it up, and by doing so he would lose the faith of the people and become an unjust ruler. However, Lady Macbeth does not know this, and she asks the spirits to ma ke her as evil and persuasive as possible, so she ends up asking them to Ã¢â¬Å"Come, you spirits, that tend on mortal thoughts, unsex me hereÃ¢â¬ ¦Ã¢â¬ (I, iv, 47-8) She asks this so she can better manipulate her husbandÃ¢â¬â¢s mind in doing the act, which at the end of the Act I she successfully does. The act that finally convinces Macbeth to do this evil however, isShow MoreRelatedA Character Comparison of Macbeth and Prospero from Shakespeares Macbeth and The Tempest676 Words Ã |Ã 3 PagesThese two Shakespearean characters, Macbeth and Prospero, from Macbeth and The Tempest can greatly compare to one another. From the very beginning, these two men are hard to understand and seem like your average warrior and ruler. Both of these characters are dealing with struggle of power; however, they both deal with this issue in different, interesting ways with different results. At the end of these two plays, we meet two entirely different characters than the ones that we were int roduced toRead MoreMacbeth-Struggle for Power999 Words Ã |Ã 4 Pagesplay, Macbeth is ultimately about the struggle for power. Power is something many desire where people often change and become evil in their attempts to acquire it and during this play the characters go through many changes which lead to disaster. The two main characters mostly influenced by power in this Shakespearean play are Macbeth and Lady Macbeth. Macbeth is swayed by the prophecy made by the witches and also by Lady Macbeth who holds great control over her husband. Through the analysis of charactersRead MoreEssay about Notions of Power: Animal Farm and Macbeth1257 Words Ã |Ã 6 PagesÃ¢â¬Å"Political Power grows out of the barrel of a gunÃ¢â¬ -Chairman Mao- QUESTION: To what extent does this quote connect to the message regarding power in each of your texts? Write a synthesis essay that deals with the quote above and ShakespeareÃ¢â¬â¢s Macbeth and OrwellÃ¢â¬â¢s Animal Farm. In your essay ensure that you specifically refer to each of texts including quotes and analysis. Ã¢â¬Å"Political Power grows out of the Barrel of a GunÃ¢â¬ The idea of power and especially political power has its manyRead MoreAnalysis Of Macbeth By William Shakespeare1659 Words Ã |Ã 7 PagesHonors 9 November 2015 Macbeth Essay The theme of tragedy appears in various amounts of movies, literature, and plays which provided entertainment for people throughout the years. Movies and plays such as Ã¢â¬Å"The TitanicÃ¢â¬ and Ã¢â¬Å"Romeo JulietÃ¢â¬ gave audiences a pang of sadness and amusement as the story line unraveled. Notably, the prevalence of the theme occurs in Shakespearean plays such as the tale of Macbeth which displays AristotleÃ¢â¬â¢s definition of tragedy. The play Macbeth lives up to AristotleÃ¢â¬â¢sRead MoreThe Tragedy Of Macbeth By William Shakespeare899 Words Ã |Ã 4 PagesShakespeareÃ¢â¬â¢s Tragedy of Macbeth, the answer to this question is played out. At the beginning of the play, the main character, Macbeth, is deemed Ã¢â¬Å"valiantÃ¢â¬ (1.2.24) and Ã¢â¬Å"nobleÃ¢â¬ (1.2.68); however, after his encounter with the witches, his dark side starts to bubble up. As such, the Weird Sisters symbolize the ubiquitous evil that is in the world and present the theme manÃ¢â¬â¢s susceptibility to temptation. While the witches do play an essential role in MacbethÃ¢â¬â¢s demise; ultimately, it is his choice to act uponRead More Shakespeares Macbeth - Renaissance Humanism Essay1494 Words Ã |Ã 6 PagesShakespeareÃ¢â¬â¢s tragedy Macbeth assume the role of supernatural beings, it was not ShakespeareÃ¢â¬â¢s intent to portray a classic case of fatalism. On the contrary, Shakespeare used Macbeth as a way to display the idea of Renaissance humanism. Although the witches did in fact possess uncanny powers, they were in reality not controlling Macbeth, but rather they were tempting Macbeth to act in particular ways. The witches, as well as other significant characters, may have encouraged Macbeth to act in a certainRead MoreShakespeares Novel Macbeth1577 Words Ã |Ã 7 Pagesif no one felt guilt? If no one ever caught caught for their crimes? In Shakespeares novel, Macbeth, the main characters commit crimes driven by their ambition. After committing the firs t crime Macbeth, the main antagonist is overwhelmed with guilt. His wife, Lady Macbeth plotted the first crime and was the main force pushing Macbeth to kill. In the end Macbeth is charged with the truth and Lady Macbeth kills herself both brought down equally from guilt. Guilt and fear of being found out causesRead MoreWhy Macbeth Killed Duncan1457 Words Ã |Ã 6 PagesAn Analysis of Why Macbeth Kills Duncan. Thought to have been composed by William Shakespeare between 1606-1607 Macbeth is the final of his four famous Ã¢â¬ËtragediesÃ¢â¬â¢ which are literary works depicting a tragic hero, who becomes engaged in a moral struggle that ends in ruin. Macbeth is rarely mentioned in the theatrical world by its eponymous title, as it is considered to be unlucky, hence the reason it is often known as Ã¢â¬ËThe Scottish TragedyÃ¢â¬â¢. The play is said to have been written by Shakespeare forRead MoreIn History It Is Often Taught That Even Events That Occurred1499 Words Ã |Ã 6 Pagesthe Global Theatre on the outskirts of London. First performed in 1606, ShakespeareÃ¢â¬â¢s play Macbeth tells the story of a Scottish man named Macbeth who is in a constant struggle in wishing to obtain power but consequences that could potentially follow. Through violence and a push from his wife, Macbeth makes it to power before facing an unexpected death. By commenting and judging on the qualities of Mac beth, readers can gain insight as to why Shakespeare wrote the play in the manner that he did.Read MoreMacbeth1388 Words Ã |Ã 6 Pages Macbeth: Character Analysis The Tragedy of Macbeth, by William Shakespeare, is about a soldier, Macbeth, and his friend, Banquo, who meet up with three strange witches who share prophecies with the two men. Macbeth is told that he will become king someday and rule the land of Scotland. The rest of the play follows the actions of once a loyal soldier turned into a greedy king, who seeks to hold the crown forever no matter what the consequences may be. Throughout the play Macbeth displays himself
Wednesday, May 6, 2020
What Does Success Mean To You? Albert Schweitzer once stated, Ã¢â¬Å"Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successfulÃ¢â¬ . If you ask different people what success is to them, you would most likely get a variety of definitions. Some might say that success has commenced when one has finally gotten that $200,000 dream car in oneÃ¢â¬â¢s garage. Others might say that their belief of success has established when one has found true happiness in life. Someone could be extremely wealthy, but at the same time, extremely destroyed and confused inside. Would you still consider this success? Success can be interpreted in several different ways. However, true success should not only be based upon wealth and materialistic goods, but rather on bliss and contentment. OneÃ¢â¬â¢s dream of success might consist of a million dollar house, fancy sports cars, and lots of fame. However, that dream might also abide with low spirits, physical/mental pain, loneliness, and misery. Perhaps you may know or have heard of someone that is filthy rich, but is that someone perfectly at ease with life? Or is that someone who has to fake a smile to get through the day? Does that person love what they do for a living or does that person dread waking up every morning to get ready for work? Most likely all of you are familiar with the name Marilyn Monroe. The famous actress and model starred in films such as The Misfits and The Seven Year Itch. She may beShow MoreRelatedWhat is Success?822 Words Ã |Ã 3 Pages Success is defined as the accomplishments of oneÃ¢â¬â¢s goals. Winning is defined as gaining the victory of something. 1 out of 14,000 people become professional athletes. 58% of students become successful after leaving college and pursuing a job. Often ti mes, winning as a professional athlete isnÃ¢â¬â¢t as fulfilling as being successful in everyday life. While only few may win in any competitive environment, success is available to everyone. It is not determined by how well one does against another, butRead MoreFame Success1247 Words Ã |Ã 5 Pages Fame does not mean Success Being successful doesnÃ¢â¬â¢t always mean that fame is involved. Success is a spiritual practice of doing what you love regardless of outcome. Fame is an arbitrary reward not necessarily given to the most deserving. We look at success from different perspective and judge how it builds the characteristics to hit the level of success. To most people, success means achieving a goal. In order to achieve a goal, a person usually has to workRead MoreOvercoming Marginalization1408 Words Ã |Ã 6 PagesKey of Overcoming Marginalization THIS IS IMPORTANT: LOOK CAREFULLY AT WHAT YOU HAVE. ASK YOURSELF IF THERE IS ANY REPETITION? DO YOU FEEL THAT YOU ARE LOOKING AT THE SAME IDEA MORE THAN ONCE? HERE IS A SUGGESTION: YOU WRITE ABOUT SOCIAL POWER. IN BAMBARA, WHAT MIGHT SYLVIA DO WITH SOCIAL POWER? WHAT COULD SHE CHANGE IF SHE HAD ITÃ¢â¬âAND WHY? COULD SYLVIA MAYBE BECOME AS POWERFUL AS HAROLD BROWNINGÃ¢â¬âOR MORE POWERFUL? Success in America usually depends on family background, family income and otherRead MoreSuccess And Success Of Success1404 Words Ã |Ã 6 PagesImagine walking down the street and seeing a pure-white 2017 Mercedes Benz E Class parked in front in of a large house. One thing that may enter your mind is that whoever owns this must have money. You begin to wonder what he or she does for a living. Looking at the house, then at the car you conclude that this person must be famous; therefore, successful. As you stand there gawking at the house and car someone exits the front door and you recognize itÃ¢â¬â¢s your friend. Both of you engage in conversationRead MoreThe Truth On The Keys Of Success1190 Words Ã |Ã 5 PagesTruth to the Keys of SuccessÃ How exactly do you define success? Does it mean to have a large house, expensive car and absolutely no financial problems? Does it mean that you have the best up-to-date technology and have the best style of clothing? As success may be defined differently for everybody, everyoneÃ¢â¬â¢s goal in life is to succeed one way or another, but rather, many people struggle with attaining it. Today, societyÃ and media has given us the misperception as to what success is truly defined asRead MoreHow I Personally View Success981 Words Ã |Ã 4 Pagesbe successful. Now the idea with the word success is that it can be interpreted in many different ways, depending on who you ask. I personally view success as being financially stable as well as spiritually. When thinking of a person who I viewed as successful, I thought of my friend Airam. I have known Airam for about five years now, if not more. Airam has been a nurse for a little bit more than two years now. I recently asked her how did she v iew success. Airam described being successful as beingRead MoreShort Note On Success And Success1100 Words Ã |Ã 5 PagesSuccess is considered to be a term that describes two things. The first one is achievement of a certain major or minor goal. This could be succeeding in making a delicious dinner, or a more global thing succeeding in a career or job. The second definition of success is more broad and subjective. Most people define succession in life as wealth, a brilliant career, achievement of family/relationship goals etc. Some may find that success comes along with fame and big amounts of money. However, we seeRead MoreThe Key to Success in Life Essay1126 Words Ã |Ã 5 Pages Famous spiritual leader and philosopher Swami Vivekananda, once said the way to success is to Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. To me this quote embodies what is it takes to be successful. Much like a marathon the goal isnt to come in first place and win but to simply finish and to do that you have to want to keep goingRead MoreHow Success Breaks Down Into Life1678 Words Ã |Ã 7 PagesHawthorne 2/174/2016 Concept Essay (Final Paper) How Success Breaks Down Into Life I prefer sitting at a coffee shop to do works or read a favorite book, and sometimes taking idly thoughts and wondering myself, Ã¢â¬Å" How does a rich person define success? Or, that, having lots of money, living in a big house, and owning all of the latest cars, fashions, and technology is the key to happiness, and hence, success ?Ã¢â¬ I believe that the definition of success is deeply personal and surely will be different forRead MoreWhat Does It Mean For College?917 Words Ã |Ã 4 Pagespeople measure success in life by the amount of money a person makes. Similarly, does being successful in college mean you have to have the highest grade point average? I do not think your GPA measures your success in college and I do not think the amount of money you make measures your success in life. So what does it mean to be successful in college? I asked my mom this question and I agreed with what she said, Ã¢â¬Å"You get out of it what you put into it, but, people measure success differ ently. So
Tuesday, May 5, 2020
Question: Discuss about the Changing Geography of Banking and Finance. Answer: Introduction This chapter consist of a thorough review of the existing literatures compiled by the renowned scholars on the subject matter of analysis of the financial statements of the banks. The primary focus of this chapter will be the discussion on the author views about the financial development of the banking system in Australia and Canada. In order to get a detailed conceptual and theoretical foundation for the research, it is essential to review and analyze the existing literatures. The views of authors provide support to the conclusions drawn from the data analysis, thus, carrying out literature review is a crucial exercise in the overall research work (Jesson, 2011). In the context developed above, a literature review has been carried out with an objective to find out and analyse the views of the existing literatures on analysis of the financial statements of the banks. In order to make it simple and understandable, the entire discussion of this chapter has been segregated into five major headings. The first heading covers discussion on comparison of the financial statements of the banks. The second heading covers accounting procedures and ratio analysis used by the banks in analysing their financial performance. Further, the discussion has been extended to contribution of Westpac banking corporation in the development of the Australian economy. Apart from the above, the literature review also covers discussion on the contribution of Bank of Montreal in the economic development of Canada. The chapter of literature review has been ended up with discussion on the types of services provided by the banks their contribution in the overall development of the country followed by conclusion. The hypothesis of this literature review is to test that whether the banking system plays a critical role in the development of the economy of the country or not. In order to test this hypothesis, the two major banks operating in Australia and Canada, USA have been analysed. Comparing Financial Statements of Banks In the views of Follett (2011), the comparison of financial statement of two organizations with each other is crucial in assessing the financial performance and position. The major components of the financial statements comprises of balance sheet, profit and loss statement and cash flow statement. Comparing profit and loss statement provides evaluation of the financial performance while comparison of the balance sheet is crucial to assess the financial position (Follett, 2011). However, it is important to note that two things must be comparable that is the base should be equal. In the case of comparison of the financial statements, it should be kept in mind that the financial statements of two companies operating in different countries would be different (Follett, 2011). As per Pounder (2009), the financial statements are prepared as per the instruction provided in the financial reporting framework prescribed in a particular country, for example, companies in USA follow US GAAP (general accepted accounting principles) and IFRS while in Australia, the companies prepare financial statements based on Australian GAAP along with due consideration to IFRS (Pounder, 2009). Pounder (2009) further states that the differences in the financial reporting frameworks of two countries make the figures in the financial statements incomparable. Thus, in order make it comparable, there should be used analytical tools such as ratio analysis, vertical analysis, horizontal analysis and trend analysis (Pounder, 2009). As per Greuning and Iqbal (2008), the income statement of two banks operating in two different countries could be better analyzed by performing common size analysis. In this analysis, every item of the income statement is presented as a percentage to the net sales. Taking the items as a percentage of net sales provides a common base which can be use for comparison purposes. Greuning and Iqbal (2008) further states that common size analysis is not only useful in analyzing the income statement but it can also be used in analyzing the balance sheet (Greuning and Iqbal, 2008). As per Tracy (2012), financial analysis is crucial in determining the financial health of the company. The four core areas of business such as profitability, liquidity, efficiency, and solvency are analyzed using the information provided in the financial statements. Further, it is essential to know that where the company stands in the market place. The analysis of the financial statements through ratio analysis and comparison with the competitors and the industry averages provides evaluation of the standing of company (Tracy, 2012). Since, the banking system plays a pivotal role in the economy development of a country; therefore, it becomes important to analyze the financial performance of banks to have a glimpse of economy soundness in the country. Accounting Procedures and Ratio Analysis Used by Banks As per Pounder (2009), the accounting procedures are the policies, provisions and rules that guide the preparation of the financial statements of the companies. As has been stated by Pounder (2009), two companies operating in different countries follow different accounting procedures and policies. Due to different accounting policies and procedures being followed, the figures in the financial statements tend to differ (Pounder, 2009). In comparing the financial statements of two companies, particular when two are situated in different countries, it is essential to make the base equal. This can be achieved by applying various analytical tools as discussed in above section. The ratio analysis is also one of those tools which are applied to make the base equal for comparison purposes (Tracy, 2012). In the view of (Tracy, 2012), generally, the ratio analysis covers major areas of financial analysis such as profitability, liquidity, efficiency, and solvency. The leading profitability ratios comprise of net margin, gross margin, return on equity and return on assets. Further, the liquidity ratios, which indicate sufficiency or lack of funds, comprise of current ratio and quick ratio. The ratios such as assets turnover, accounts receivable days, and inventory turnover days indicate the management efficiency in conducting the business operations. Last but not the least; solvency aspect is covered by the ratio such as debt equity ratio and interest times (Tracy, 2012). Solvency depicts capability of the company to pay off long term debt on the due date. However, in the views of Golin and Delhaise (2013), the financial analysis of banks requires special attention to the areas such as liquidity and capital adequacy. For this purpose, CAMELS Rating System, being recognized worldwide, is considered useful. Six crucial factors such as capital adequacy, asset quality, management, earnings, liquidity, and sensitivity are analyzed in CAMELS Rating System. These six factors cover the business of banks from end to end and provide a comprehensive analysis of the financial performance and position. Therefore, CAMELS Rating System is an added tool that is used by the banks and rating agencies in analyzing financial performance (Golin and Delhaise, 2013). As per Golin and Delhaise (2013), capital adequacy ratio is computed to evaluate that the bank possesses enough capital to pay off the public deposits and absorb the potential losses. The capital adequacy ratio is computed by dividing the tier-1 and tier-2 capital with risk weighted assets possessed by the bank. The regulations prescribe minimum capital adequacy ratio which the banks operating in that country have to comply with. Further, the CAMELS system provides for measurement of the assets quality, which is carried by computing ratios such as non-performing loans (NPLs) to total loans and NPLs to total equity (Golin and Delhaise, 2013). The earning ability is analyzed by computing ratios such as net interest income margin, cost to income ratio, and return on assets. Further, the assessment of quality of management is also crucial which is carried out by computing total assets growth, loan growth, and earnings growth. The liquidity is a major concern for any business. It is measured by computing and analyzing the ratio such as Customer deposits to total assets and total loan to customer deposits (LTD) (Golin and Delhaise, 2013). Contribution of Westpac Banking Corporation in Australia Petkovski and Kjosevski (2014), has stated based in their research work that the financial sector which includes bank also pays a crucial role in the overall economic growth and development. The banks and capital market are the foundation of every economy. Further, it is perceived that the role of banking and finance sector has increased even more in the recent years in all the countries across the globe. The macro economic factors such as gross domestic product, interest rates, and inflation are the majorly affected by the banking industry (Petkovski and Kjosevski, 2014). Considering these facts, it is essential to analyze the contribution made by one of the Australias largest banks namely Westpac Banking Corporation in the economic development. Westpac Banking Corporation is among the top banks operating in Australia. Primarily, the bank operates in Australia and New Zealand providing a wide range of services in the areas of retail banking, institutional and commercial banking, and wealth management. Westpac is one of the oldest banks in Australia engaged in business since the year 1817 (Westpac, 2016). The bank has grown significantly over the years causing positive impact on the overall economy of Australia. In the year 2014, the company possessed total assets worth A$770 million which shows that significance of the company in the economic development (KangaNews, 2015). At present the Westpac group operates in five segments such as consumer bank, business bank, BT financial group, Westpac institutional bank, and Westpac New Zealand. The group has enlarged its size manifold in the recent years. Its consumer bank segment operates with 1429 (Westpac, 2016) branches which depicts its significant contribution to the economic growth. Further, Westpac New Zealand also has grown substantially to have 193 branches in operation (Westpac, 2016). The groups revenues have been observed to be increasing at a rapid pace in the recent few years. In the year 2012, the revenues of Westpac group were A$16,771 million, which grew to A$20,889 million in the year 2015. The increase in revenues shows that Westpac has contributed to the gross domestic product of the company significantly. Further, the group has also contributed to the social development by providing employment to the people at a large scale. In the year 2014, the core full time employees of the group were 33,586 (Westpac, 2014), which show significant contribution of the group in the social development in Australia. Contribution of Bank of Montreal in Canada In the views of Goodhart (2004), a sound banking system helps the economy to grow by driving the growth path. Every facet of the economy, for example, productivity, inflation, exports and imports, social development are dependent to a lot extent on the soundness of the banking system (Goodhart, 2004). As per the report of Canadian Bankers Association, the banking and finance and insurances sector contribute approximately 10.30% directly to the gross domestic product (Canadian Banking Association, 2016). In addition to this, the banking and insurance sector also provides employment to the people at a large scale in Canada, which is its indirect contribution to the economic development. Bank of Montreal, one of the oldest banks of Canada, was established late in the year 1817 (BMO, 2016). The banks grow substantially over the years to provide diversified financial services mainly in the North American region. As per the annual report of the company, there are 45,234 full time employees working with the company and its subsidiaries (BMO, 2016). The size of employees depicts that the bank contributes towards the social development of the country significantly. Further, it has also made direct contributions to the gross domestic product of the country by increasing the productivity levels. The growth in revenues indicates the increased productivity of the company and its increased contribution to the gross domestic product of the country. In the year 2014, the total revenues of the company along with its subsidiaries amounted to $10,997 million, which went up to $12,575 million in the year 2016 (BMO, 2016). Types of Services Provided by the Banks Alessandrini, Fratianni, and Zazzaro, (2009), State that the banking system has gone under changes in the recent years all around the world. It has been observed that the banks have incorporated in their service portfolio, the new and modern services besides the conventional services of accepting deposits and lending money. Now the services provided by the banks extend to the investment banking and portfolio advisory areas (Alessandrini, Fratianni, and Zazzaro, 2009). In respect of Westpac Banking Corporation, it could be observed that the bank started with simply accepting public deposits and lending money. However, at present the company operates through five segments such as consumer bank, business bank, BT Financial group, Westpac institutional bank, and Westpac New Zealand. Through these five segments, the bank provides a wide range of services to its customers. Few of the leading services provided by the bank include accepting deposit under saving account and term deposits, extending loan under personal loan, home loan, and investment loan. Apart from this, the bank also provides the services of credit card, ATM, Bank guarantee, and investment and financial advisory. Further, the bank also deals with foreign exchange transactions, leasing services, and merchant banking services. Thus, the service portfolio of the bank has grown to a substantial level. In the same way, Bank of Montreal has also modified its service portfolio, now the bank has added services such as cash management, foreign exchange, wealth management, and investment advisory to its service portfolio. Further, the bank has brought out new products for the commercial customers, for example, bank guarantee and bill discounting. Conclusion: The discussion in this chapter is built up on the views of the existing literatures on the subject matter of contribution of the banks in the development of the economy. From the discussion carried out in this chapter, it could be articulated that the banking system is foundation of the economy. The economy can not be viewed as growing in the absence of a sound banking system. The literature review of the existing literatures reveals that the banking system plays a pivotal role in the overall development of the economy. In Canada, the banking and finance and insurance sector contributes approximately 10.30% to the gross domestic product of the country, which indicates its role and importance in the economic development. Apart from this, the literature review also covers discussion on the services provided by the banks. From the discussion carried out in this regard, it could be articulated that the service portfolio of the banks have increased substantially in the recent years. The banks have now jumped from providing services on the conventional model to the modern model. The modern model provides for inclusion of more services beside accepting public deposits and lending money to the public. The views of the authors in this regard depicts that the banks have shifted their focus from conventional banking to modern banking, which includes investment banking and advisory services, foreign exchange services, and commercial services such as bank guarantee and leasing. References Alessandrini, P., Fratianni, M., and Zazzaro, A. 2009. The Changing Geography of Banking and Finance. Springer Science Business Media. BMO. 2016. History of Bank of Montreal. [Online]. Available at: https://www.bmo.com/home/about/banking/corporate-information/history [Accessed on: 13 December 2016]. BMO. 2016. Managements Discussion and Analysis. [Online]. Available at: https://www.bmo.com/ir/files/F16%20Files/2016MDA.pdf [Accessed on: 13 December 2016]. BMO. 2016. Statement of Managements Responsibility for Financial Information. [Online]. Available at: https://www.bmo.com/ir/files/F16%20Files/2016CFS.pdf [Accessed on: 13 December 2016]. Canadian Banking Association. 2016. Issues Brief: Banks and the Economy. [Online]. Available at: https://www.cba.ca/contributing-to-the-economy [Accessed on: 13 December 2016]. Follett, R. 2011. How to Keep Score in Business: Accounting and Financial Analysis for the Non-Accountant. FT Press. Golin, J. and Delhaise, P. 2013. The Bank Credit Analysis Handbook: A Guide for Analysts, Bankers and Investors. John Wiley Sons. Goodhart, C. 2004. Financial Development and Economic Growth: Explaining the Links. Springer. Greuning, H.V. and Iqbal, Z. 2008. Risk Analysis for Islamic Banks. World Bank Publications. Jesson, J. (2011). Doing Your Literature Review: Traditional and Systematic Techniques. London: SAGE. KangaNews. 2015. Incorporating Australian Securitization and Covered Bond. Australian Securitization Journal, 8(2015), pp. 1-53. Petkovski, M. and Kjosevski, J. 2014. Does banking sector development promote economic growth? An empirical analysis for selected countries in Central and South Eastern Europe. Journal of Economic Research, 27(1), pp. 55-66. Pounder, B. 2009. Convergence Guidebook for Corporate Financial Reporting. John Wiley Sons. Tracy, A. 2012. Ratio Analysis Fundamentals: How 17 Financial Ratios Can Allow You to Analyze Any Business on the Planet. RatioAnalysis.net. Westpac. 2014. Annual Report of Westpac Group. [Online]. Available at: https://vpr.hkma.gov.hk/doc/100167/ar_14/ar_14_eng.pdf [Accessed on: 13 December 2016]. Westpac. 2016. Our Business. [Online]. Available at: https://www.westpac.com.au/about-westpac/westpac-group/company-overview/our-businesses/ [Accessed on: 13 December 2016]. Westpac. 2016. Our History. [Online]. Available at: https://www.westpac.com.au/about-westpac/westpac-group/company-overview/our-history/ [Accessed on: 13 December 2016].
Thursday, April 16, 2020
Most of the stories in Salman RushdieÃ¢â¬â¢s book East, West regard the subject of Prime Minister Indira GandhiÃ¢â¬â¢s assassination in 1984. Indira Gandhi was the first and to date the only female Prime Minister of the Republic of India has had. She served for three consecutive terms from 1966-1977 and for a fourth term from 1980 until her assassination in 1984. When Indira Gandhi returned for a fourth term in 1980, she became involved in a conflict with separatists, specifically the Sikh religious group, in Punjab. Two of Indira GandhiÃ¢â¬â¢s bodyguards, both Sikhs, assassinated her with machine guns in the garden of her residence on October 31, 1984. The assassination led to rampages, riots and chaos in New Delhi, the capital city of India. Over the next few days, mobs ran through the streets of New Delhi and other parts of India, killing several thousand Sikhs. The 25-page story Ã¢â¬Å"Chekov and ZuluÃ¢â¬ , based in London, starts off a few days after the assassination of Prime Minister Indira Gandhi; it revolves around two main charactersÃ¢â¬âChekov, a Hindu and Zulu, a SikhÃ¢â¬âand the effect of Indra GandhiÃ¢â¬â¢s assassination on their friendship. We will write a custom essay sample on Salman Rushdies Chekov and Zulu or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In 1994, the year when East, West was published, violence against the Sikhs diminished, although other conflicts arose. Ethnic and regional tensions formed between India and Pakistan, leading to the Kashmir conflict, a dispute over the most northwestern part of the Indian subcontinent. Current events in the year 1994, such as the previous example, contributed to the audienceÃ¢â¬â¢s viewpoints about Ã¢â¬Å"Chekov and ZuluÃ¢â¬ . Interestingly enough, Chekov and Zulu received their names from two fictional characters from Star Trek, which in 1994, was widely popular.
Friday, March 13, 2020
5 Ways to Chart Display Your Family Tree While tracing your ancestry back as far as possible is fun, its even better when you can present the findings in a handsome family tree chart. From hand-drawn genealogy charts to computer-generated ancestor trees, there are many different ways to chart and display your family history. Create It Yourself If you want to create something personal and your family is fairly small, consider creating your own family tree. You can draw the basic connections in a line-and-box format, or get more creative by embellishing with vines, flowers, etc. You can also display the family in an actual tree format, using the roots for descendants and leaves (or apples) for the ancestors. Cant draw a straight line? TryÃ a flowchart or diagramming program to create any chart you can imagine. Branch Out With Software While most genealogy software programs offer basic computer-generated family tree charts, you can get even better results by taking advantage of add-on programs. For example,Ã Legacy Charting CompanionÃ expands the charting capabilities of the Legacy Family Tree program, allowing you to create and print a variety of ancestor, descendant, hourglass, fan and bowtie charts ranging in size fromÃ 8.5-by-11-inchÃ printouts to 9-foot displays.Ã Use a Chart Printing Service If you want a pretty family tree chart without having to deal with designing and printing, try one of the many Family Tree chart printing services that specialize in printing large family trees in both color and black and white. Some, such as Family Tree Illustration will custom design a chart for you, while others allow you to select from a number of different formats. Some require a family tree file in GEDCOM format, but some work from your own handwritten family tree. Perfect for family reunions and large frames, charts can usually be printed in large format. Pre-Printed Charts Make it Simple From basic pedigree charts to elaborate, rose-covered fan charts, pre-printed genealogy charts make it easy to display your family tree in style. A number of simpler family tree charts are available for free download online.Ã Other, more elaborate family tree charts are available for purchase from various vendors. Designer Family Trees If youre looking for something a little fancier, innumerable calligraphers and artists can render your family tree on vellum or parchment with hand-drawn letters and elaborate designs. For example, Marie Lynskey charges anywhere from $150 for a simple four-generation family tree lettered on parchment to more than $1500 for an illustrated family tree with numerous generations displayed on vellum. Park City, Utah-based artist Saundra Diehl turns dull family tree charts into a work of art, using watercolor and pen and ink to create a custom watercolor painting of your family tree on aged parchment.
Tuesday, February 25, 2020
The GI Bill of Rights - Term Paper Example The World War II veterans had an inordinate impact on the society. The US economy benefitted immensely by their services. Civil labor went up on statistics charts as the returning veterans put down their guns and started working just like other civilians. The returning veterans not only served as laborers but a significant number also went to various educational institutes with the incentives provided by the GI Bill. The returning veterans probably realized the importance of education. This show of determination is worth praising because many soldiers were picked for war services while they were graduating and therefore could not continue their studies. Their education was interrupted by the war and the G I Bill allowed them to return to school when the war was over. The GI Bill was different from other legal bills as it focused not on any tangible assets of the US citizens; instead, it focused on the intangible and the most important asset: the human brain. The bill liberated minds and pushed people to think freely and to pursue their thoughts. It was similar to teaching someone how to catch fish instead of hand feeding them. The GI Bill caused a silent revolution, not by forcing people out of their homes but by liberating their thoughts and suggesting to them to discover their own path. The returning veterans benefitted from this bill and the institutions got the freedom to teach in the way they prefer. That was the right way to deal with the great potential of the returning veterans. The author Michael Bennett tries to highlight various aspects of the GI Bill. He shows that this bill had more meaning and significance than what it is normally credited for. Bennett argues that the GI Bill served the US society in many ways. It let the educational institutes conduct their teachings and research programs the way they wanted. The bill never interfered in their business; instead, it gave them the freedom to enhance their strategies and make them more productive. I t gave the colleges an expanded student body and more funding. The strategy was either you made it or you flunked out. Colleges and universities grew dramatically during this era. Ã As a result of the GI Bill, the educational institutes became more accommodating to students of all backgrounds. Race, gender, and religion were no longer the hurdles and education was available to all. The beauty of the bill that the author highlights is when the war veterans returned from the battlefield, they had become accustomed to multicultural environment. And when Universities allowed students of all races to get educated, the veterans experienced a similar melting pot atmosphere they experienced during the war. The GI Bill had more impact on class than race. Before WWII college was mostly for the wealthy. The GI Bill allowed men who never thought they could afford college an opportunity and that include black men, but colleges in the South were segregated by race and in the North black student s were very much in the minority. The author argues that the returning veterans had to face financially challenging atmosphere upon their return home and the GI Bill helped them in more than one way to get them back on their feet. For instance, Les Faulk of Turtle Creek, a returning veteran