Paul Joseph Goebbels Essay Example for Free

Paul Joseph Goebbels Essay Paul Joseph Goebbels (29 October 1897 – 1 May 1945) was a German politician and Reich Minister of Propaganda in Nazi Germany from 1933 to 1945. As one of Adolf Hitlers closest associates and most devout followers, he was known for his zealous oratory and anti-Semitism. He played a hand in the Kristallnacht attack on the German Jews, which many historians consider to be the beginning of the Final Solution, leading to the Holocaust. Goebbels earned a Ph.  D. from Heidelberg University in 1921, writing his doctoral thesis on 19th century romantic drama; he then went on to work as a journalist and later a bank clerk and caller on the stock exchange. He also wrote novels and plays, but they were rejected by publishers. Goebbels came into contact with the Nazi Party in 1923 during the French occupation of the Ruhr and became a member in 1924. He was appointed Gauleiter (regional party leader) of Berlin. In this position, he put his propaganda skills to full use, combating the local socialist and communist parties with the help of Nazi papers and the paramilitary Stormtroopers, aka, Brownshirts, SA. By 1928, he had risen in the party ranks to become one of its most prominent members. Goebbels rose to power in 1933 along with Hitler and the Nazi Party and he was appointed Propaganda Minister. One of his first acts was the burning of books rejected by the Nazis. He exerted totalitarian control over the media, arts and information in Germany. From the beginning of his tenure, Goebbels organized attacks on German Jews, commencing with the one-day boycott of Jewish businessmen, doctors, and lawyers on April 1, 1933. His attacks on the Jewish population culminated in the Kristallnacht assault of 1938, an open and unrestrained pogrom unleashed by the Nazis all across Germany, in which scores of synagogues were burned and hundreds of Jews were assaulted and murdered. Further, he produced a series of anti-Semitic films. Goebbels used modern propaganda techniques to psychologically prepare the German people for aggressive warfare. During World War II, Goebbels increased his power and influence through shifting alliances with other Nazi leaders. By late 1943, the tide of the war was turning against the Axis powers, but this only spurred Goebbels to intensify the propaganda by urging the Germans to accept the idea of total war and mobilization. Goebbels remained with Hitler in Berlin to the end; just hours after Hitlers suicide, Goebbels and his wife Magda killed their six young children and then committed suicide.

Introduction to Underwriting

Introduction to Underwriting INTRODUCTION TO UNDERWRITING Underwriting is an agreement, entered into by a company with a financial agency, in order to ensure that the public will subscribe for the entire issue of shares or debentures made by the company. The financial agency is known as the underwriter and it agrees to buy that part of the company issues which are not subscribed to by the public in consideration of a specified underwriting commission. The underwriting agreement, among others, must provide for the period during which the agreement is in force, the amount of underwriting obligations, the period within which the underwriter has to subscribe to the issue after being intimated by the issuer, the amount of commission and details of arrangements, if any, made by the underwriter for fulfilling the underwriting obligations. The underwriting commission may not exceed 5 percent on shares and 2.5 percent in case of debentures. Underwriting has become very important in recent years with the growth of the corporate sector. It provides several BENEFITS to a company:- It relieves the company of the risk and uncertainty of marketing the securities. Underwriters have an intimate and specialized knowledge of the capital market. They offer valuable advice to the issuing company in the preparation of the prospectus, time of floatation and the price of securities, etc. They also provide publicity service to the companies which have entered into underwriting agreements with them. It helps in financing of new enterprises and in the expansion of the existing projects. It builds up investors confidence in the issue of securities. The issuing company is assured of the availability of funds. Important projects are not delayed for want of funds. It facilitates the geographical dispersal of securities because generally, the underwriters maintain contacts with investors throughout the country. TYPES OF UNDERWRITING Syndicate Underwriting: is one in which, two or more agencies or underwriters jointly underwrite an issue of securities. Such an arrangement is entered into when the total issue is beyond the resources of one underwriter or when he does not want to block up large amount of funds in one issue. Sub-Underwriting:- is one in which an underwriter gets a part of the issue further underwritten by another agency. This is done to diffuse the risk involved in underwriting. Firm Underwriting: is one in which the underwriters applyfor a block of securities. Under it, the underwriters agree to take up and pay for this block of securities as ordinary subscribers in addition to their commitment as underwriters. UNDERWRITERS To act as an underwriter, a certificate of registration must be obtained fromSecurities and Exchange Board of India (SEBI). The certificate is granted by SEBI under the Securities and Exchanges Board of India (Underwriters) Regulations, 1993. These regulations deal primarily with issues such as registration, capital adequacy, obligation and responsibilities of the underwriters. Under it, an underwriter is required to enter into a valid agreement with the issuer entity and the said agreement among other things should define the allocation of duties and responsibilities between him and the issuer entity. These regulations have been further amended by theSecurities and Exchange Board of India (Underwriters) (Amendment) Regulations, 2006. ROLE OF UNDERWRITERS The primary role of the underwriter is to purchase securities from the issuer and resell them to investors. Underwriters act as intermediaries between issuers and investors, providing for an efficient of capital. The underwriters take the risk that it will be able to resell the securities at a profit. Perhaps the most visible and familiar element of the initial public offering process is the underwriter. The underwriter is the organization that is actually responsible for pricing, selling, and organizing the issue, and it may or may not provide additional services. With direct public offerings, there is no need for an underwriter. Selection of a good underwriter is of the utmost importance, but its important to understand that many underwriters are equally selective of their clients. Because an underwriters reputation depends on successful issues, few firms will be willing to stake their reputation on questionable companies. When selecting an underwriter, its important to seek out an established company with a good reputation and quality research coverage in your field. The decision may also depend on the kind of agreement the underwriter is willing to make regarding the sale of shares. For profitable and established private companies, it shouldnt be difficult to locate an underwriter willing to make a firm commitment arrangement. Under such an agreement, the underwriter agrees to buy all issues shares, regardless of ability to sell them at a particular price. For riskier or less established companies, an underwriter may offer best efforts arrangement for the initial public offering. A best efforts contract requires the underwriter to buy only enough shares to fill investor demand. Under this arrangement, the underwriter accepts no responsibility for unsold shares. Aside from fees and sales arrangements, most underwriters are fairly similar in their roles. An underwriter will assist in the preparation and submission of all appropriate SEC filings, helping potential investors make informed decisions about your offering. All underwriters are required to exercise due diligence in verifying the information they submit, so a certain amount of investigation should be expected from any responsible underwriter. In addition to SEC registration filings, the underwriter will create a preliminary prospectus that will become a major part of the issues marketing campaign. This document is also referred to as the red herring, after a small red passage in the document that states that the company is not attempting to sell shares prior to SEC approval. Once SEC approval is obtained, the underwriter and the corporation will embark on a road show to gauge and attract interest from investors. While the road show does not involve getting binding commitments from investors, it helps the underwriter determine the best strategies for pricing and issuance. After the initial public offering, the underwriter continues to provide services for the newly public corporation. For months or even years after the offering, the underwriter may continue to make a market for the stock, ensuring liquidity for investors and making the shares more desirable. Twenty-five days after the issue, the underwriter is also permitted to make statements or projections regarding the company and its prospects. ANALYSIS OF RESEARCH ARTICLES ARTICLE 1 ROLE OF UNDERWRITER IN INITIAL PUBLIC OFFERING (IPO) When a company wants to raise funds throughinitial public offering (IPO)it appoints aninvestment bank for underwritingthe issue. AnInvestment bankis also called asmerchant bank. There is no regulatory restriction to use the services of amerchant bankfor IPO. Since in an IPO a company participates for the first time, it doesnt have complete understanding of the rules and documentation, required to be submitted, to get a clearance from the regulator. Famous merchant bankers world over are Goldman Sachs, Credit Suisse and Morgan Stanley. Banks like Deutsche, Citi, UBS etc have investment banking wings. Underwriters assess and analyze firms current performance, firms future earnings potential, industry scenario, competition in the same sector, current local and global market situations etc. to decidethe issueprice/price band. They also work on the activities like completion of the mandatory documentation as required by the regulatory body. Underwriters charge a fee for this activity, which is generally a percentage ofthe issuesize. If the issue size is very large a syndicate of merchant banks takes up the task of underwritingthe issue. However onemerchant bankleads the other. MERCHANT BANKERS The merchant bankers are those financial intermediaries involved with the activity of transferring capital funds to those borrowers who interested in borrowing. They guarantee the success of issues by underwriting them. Merchant banks are popularly known as issuing and accepting houses. Unlike in the past, their activities are now primarily non-fund based (fee based). They offer a package of financial services. The basic function of merchant banks is marketing corporate and other services that are guaranteeing sales and distribution of securities and also other activities such as management of customer services, portfolio management of customer services, portfolio management, credit syndication, acceptance credit, counseling, insurance, etc. As per SEBI (Merchant bankers) Rules, 1992: Merchant bankers means any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities or acting as manager, consultant, advise or rendering corporate advisory service in relation to such issue management. MERCHANT BANKING Merchant banking activity was formally initiated into the Indian capital markets when grind lays bank received the license from reserve bank in 1967.grindlays started with management of capital issues ,recognized the needs of emerging class of entrepreneurs for diverse financial services ranging from production planning and system design to market research .even it provides management consulting services to meet the requirements of small and medium sector rather than large sector. Citibank setup its merchant banking division in1970.the various tasks performed by this divisions namely assisting new entrepreneur ,evaluating new projects ,raising funds through borrowing and issuing equity. Indians banks started banking services as a part multiple services they offer to their clients from 1972.state bank of India started the merchant banking division in 1972.in the initial years the SBIS objective was to render corporate advice and assistance to small and medium entrepreneurs. REGISTRATION OF MERCHANT BANKERS WITH SEBI It is mandatory for a merchant banker to register with the sebi. Without holding a certificate of registration granted by the securities and exchange board of India, no person can act as a merchant banker in India. Only a body corporate other then a non-banking financial company shall be eligible to get registration as merchant banker. The applicant should not carry on any business other than those connected with the securities market. All applicants for merchant bankers should have qualifications in finance, law or business management. The applicant should have infrastructure like office space, equipment, manpower etc. The applicant must have at least two employees with prior experience in merchant banking. MERCHANT BANKERS IN INDIA There are 135 merchant bankers who are registered with sebi now in India. There are public sector, private sector and foreign players registered with sebi. The below are the examples of few of the merchant bankers in each of the public, private and foreign players. PUBLIC SECTOR MERCHANT BANKERS SEBI CAPITAL MERKETS LTD. PUNJAB NATIONAL BANK. IFCI FINANCIAL SERVICES LTD. KARUR VYSYA BANK LTD. STATE BANK OF BIKANER AND JAIPUR. PRIVATE SECTORS MERCHANT BANKERS: ICICI SECURITIES LTD. AXIS BANK LTD(FORMERLY UTI BANK LTD.) BAJAJ CAPITAL MARKETS LTD TATA CAPITAL MARKETS LTD. ICICI BANK LTD. RELIANCE SECURITIES LIMITED. KOTA MAHINDRA CAPITAL COMPANY LTD. YES BANK LTD. FOREGN PLAYERS IN MERCHNT BANKING. GOLDMAN SACHS(INDIA)SECURITIES PVT.LTD. BARCLAYS SECURITIES(INDIA)PVT.LTD. BANK OF AMERICA.N.A. DEUTSCHE BANK. DEUTCHE EQUITIES INDIA PRIVATE LIMITED. SERVICES OF MERCHANT BANKS PROJECT COUNSELLING: Project counseling includes preparation of project reports,deciding upon the financing pattern to finance the cost of the project and appraising the project report with the financial institutions or banks.it also includes filling up of application forms with relevant information for obtaining funds from financial institutions and obtaining government approval. MANAGEMENT OF DEBT AND EQUITY OFFERINGS This forms the main function of the merchant banker.he assists the companies in raising funds from the market.the main areas of work in this regard include: instrument designing, pricing the issue, registration of the offer document, underwriting support and marketing of the issue, allotment and refund, listing on stock exchanges. ISSUE MANAGEMENT Management of issue involves marketing of corporate securities viz. equity shares, preference shares and debentures or bonds by offering them to public. Merchant banks act as per SEBI guidelines, the merchant banker arranges a meeting with company representatives and advertising agents to finalize arrangements relating to date of opening and closing of issue, registration of prospectus, launching publicity campaign and fixing date of board meeting to approve and sign prospectus and pass the necessary resolutions. Pricing of issues is done by the companies in consultant with the merchant bankers. MANAGERS, CONSULTANATS AND ADVISERS OF THE ISSUE: The managers of the issue assist in the drafting of prospectus, application forms and completion of formalities under the companies act, appointment of registrar for dealing with share applications and transfer and listing of shares of the company on the stock exchange. Companies can appoint one or more agencies as managers to the issue. UNDERWRITING OF PUBLIC ISSUE: Underwriting is a guarantee given by the underwriter that in the event of under subscription, the amount underwritten would be subscribed by him. Merchant banking subsidiaries cannot underwrite more than 15% of any issue. PORTFOLIO MANAGEMENT: Portfolio refers to investment in different kinds of securities such as shares, debentures or bonds issued by different companies and government securities. Portfolio management refers to maintaining proper combinations of securities in a manner that they give maximum return with minimum risk. RESTRUCTURING STRATEGIES: AA merger is a combination of two companies into a single company where one survives and other losses its corporate existence. A takeover is the purchase by one company acquiring controlling interest in the share capital of another existing company. Merchant bankers are the middlemen in setting negotiation between the companies. Merchant bankers assist the management of the client company to successfully restructure various activities, which include mergers and acquisitions, management buyouts, joint ventures among others. OFFSHORE FINANCE: The merchant bankers help their clients in the following areas involving foreign currency: Long term foreign currency loans Joint ventures abroad Financing exports and imports Foreign collaboration arrangements ROLE OF MERCHANT BANKER IN A PRIMARY MARKET ISSUE MANAGEMENT: Merchant banker is the intermediary appointed by companies in the primary market issue. It has to look at the entire issue management and work as the manager to the public issue. References: http://lastbull.com/iporole-of-underwriter/

The Convergence of Business and Technology

The Convergence of Business and Technology While technological convergence is no longer a new idea, the fascination with the subject lies with the capabilities and applications of both hybrid and brand new technological platforms and the ways previous stand alone industries, have been reconfigured and thereby mobilised to provide enhanced service delivery. Such convergence pertains to the â€Å"digitisation of communications and the ways discrete media formats have become accessible to other media forms; have been further factors in this process† (Saltzis, 2007). In technical terms, Saltzis (2007) reminds us that â€Å"the new technologies convergence can be attributed to developments in digitization, bandwidth and compression; as well as interactivity. Moreover, the rapidity and pervasiveness of technological convergence has seized the entrepreneurial imagination and arrested the attention of economic rationalists, with respect to â€Å"the devices used by institutions within the communications and media industries, as well as the information they process, distribute, and exchange over and through these devices† (Mosco and McKercher 2008: 37). Such convergence also focuses upon the â€Å"integration of or interface between and among different media systems and organizations, made possible by the development of new technologies† (Mosco and McKercher 2008: 37). With this being said, a more fertile field to explore, derives from the recognition that while technology continues to converge, so does the corporate world. The nub of this issue is the nature and extent of the link between these two types of convergence, and the nuanced ways in which one shapes and is shaped by the other. Corporate convergence, according to Babe (1996:284-285) refers to the â€Å"mergers, amalgamations, and diversifications, whereby media organisations come to operate across previously distinct industry boundaries.† Babe extends this explanation stating that corporate convergence refers to the non-technical features of convergence, which also â€Å"contribute to the blurring of industry boundaries† (Babe 1996: 284-285). Examples he cites in the 1990’s from his Canadian context include â€Å" Time Warner combining book publishing, music recording, and movie making, not to mention cable television, (while) Rogers Communications, Inc. engage in n ewspaper and magazine publishing, long-distance and cellular telephony, cable television, and radio/television broadcasting† (Babe 1996: 284-285). While it is self evident that â€Å"corporate convergence promotes and is promoted by technological convergence† (Mosco and McKercher 2008: 37), closer attention is warranted to examine the nature of the promotion and the ways these two significant convergences influence each other. It is illuminating as we do this to itemise dimensions of technological convergence, to begin to pinpoint the areas of synergy between technology and corporate enterprise. The International Telecommunications Union (ITU) has been helpful in its examination of convergence, by singling out ‘device convergence,’ ‘network convergence,’ ‘service convergence’ and ‘regulatory convergence’ (ITU 2008). While the ITU cites examples of devices include mobile phone, camera and internet access device, network examples include fixed-mobile convergence and next-generation networks (ITU 2008). Moreover, service convergence is exemplified by voice services over th e internet; not to forget regulatory convergence for broadcasting and telecommunications, citing the example of the Office of Communication (Ofcom) in the United Kingdom (ITU 2008). The view of convergence from the corporate stakeholder, according to Andriole (2005:28), is ideally a â€Å"multi-disciplinary, anticipatory, adaptive and cautious† one, no longer about â€Å"early adoption of unproven technology,† but instead about questions of â€Å"business technology acquisition, deployment and management† (Andriole 2005: 28). The sense that the momentum has changed within the corporate sector, prompting corporate leaders to be ready to have ‘convergence conversations’ is clearly articulated by Andriole (2005). It is advocated that companies will benefit by thinking in terms of â€Å"business technology convergence plans† (Andriole 2005: 28). Instead of technology being a footnote or a discrete department within a corporation, through its own array of convergences, it now occupies a central position in underpinning corporate cultures. As a response to this generational shift in consciousness, business planning now closely consults with technological providers, shaping corporate decisions and goals. This change of thought led spawned a new series of business planning questions, which demonstrate some of the links between technological and corporate convergence. Questions which illustrate this include: â€Å"‘How does technology define and enable profitable transactions?’; ‘What business models and processes are underserved by technology?’; ‘Which are adequately or over-served by technology?’† (Andriole 2005: 29) Now when strategic planning is tabled as an agenda item within companies, the matter of technological capabilities is taken seriously, as corporations realise that sidelining technological innovation, is a stepping stone towards giving away market edge to one’s competitors. Indeed, Andriole (2005: 30) forewarns of the perils of business technology segmentation. Instead of a new business initiative being conceived then asking what technological capability exist to support it, Andriole (2005: 30) argues that technologists must be present as part of the materialisation process of a company’s development goals and strategies. One fundamental area a business model which values efficiency and effectiveness is the calibre of the internal and external communications systems and infrastructure. In the 21st century business context of global interfacing, communications which are â€Å"pervasive, secure and reliable† (Andriole 2005: 30), are a base line issue. The incentive to acquire such state of the art systems is one factor driving further technological convergence, as the market demand fosters technological innovation to bring market edge to communications. The airline industry is a practical case in point, with specific international airlines branding being fostered by the level of their onboard entertainment systems for travelling customers. Some international airlines have invested heavily in this component of their corporate identity to enhance their market niche, displaying convergence through the multi-media, multi-channel video and music on demand, personalised entertainment systems, which now permit replay and play back functions (Yu 2008). We are reminded us that a large area of compatibility and synchronicity between technological and corporate convergence relates to the classical knowledge networks, such as universities, corporations and investors, who derive great benefits from convergence, finding more penetrating ways to exchange information and knowledge, their primary resource Saltzis (2007:2). Additionally, since political, economic and financial power is derived from shared information, the value of corporate convergence to the stock markets and to companies is self evident. In relation to the priming of information flow via the synergy between corporate and technological convergence, some observers are beginning to draw attention to the sociological trend that knowledge, through these processes, has become less of a community resource and increasingly a commodity. As information is commodified, it is packaged to target specific interest groups and economic stakeholders, who prize specific knowledge for specif ic outcomes, in terms of client need and demand. This instance of the knowledge super highway shows that knowledge can be ‘positioned’ within the market with greater precision through convergence, yet , in so doing, may easily lose its original contextual underpinnings that imbued it with richer nuances of meaning in the first place. This phenomenon is perhaps no more evident than in cable television, where networks and individual channels are devoted to specific content delivery 24 hours a day. The downside of course, is that information must be assimilated rapidly on the take up side by the media corporation, just as it is foisted upon the consumer with a ‘forced- feed’ pretext, to make room for the next feed. Information, through such convergent capabilities, that permit ‘bites’ of knowledge to be digitally transferred globally and instantaneously, allows knowledge to be stripped of the framework in which it emerged, just as it is quickly, y et superficially digested by the global consumer. When information held the status of being a community resource, rather than a global commodity, it could be used at the will of the consumer, for their own determined purpose, rather than the commodified purpose preselected by the respective media conglomerates that perpetuate the promulgation of endless information. Further challenges to technological and corporate convergence trends, apart from dilution of meaning due to the multiplicity and potentially splintering of sources, according to ITU (2008) concerns, â€Å"content distribution and management, sustainability and scalability, innovation management, competitive dynamics, tariff policies, network security, regulatory coherence and consumer protection† (ITU 2008). While the broadening of avenues for content distribution has the allure of versatility, the revolutionary distribution of music in the past decade illustrates the potency of convergence, threatening to undermine the very industry it was seeking to promote. I-Tunes and other legal internet based distribution pathways for music radically altered the income and revenue streams derived from popular music providers globally. While the consumer was benefited through the open door of access to music, (just as the educational market was reconfigured once educational corporations b egan to exploit the potentialities of online delivery of educational content at school and university level), the demand for live music globally initially declined, yet has now been buoyed up by the benefits of enhanced global exposure, on account of the global penetration capacity of online music. Another aspect of this link that has pressurised corporations like never before has been how to safeguard the integrity of informational, entertainment or intellectually creative products, once they are so widely available via the world wide web. The proliferation of cloned products has the tendency to diminish the quality, reputation or demand for the original. Corporations have had to weigh the benefits of more universal distribution, against this tendency to have the integrity of a product compromised. This, in one sense has been as much about re-education of the consumer, who remains driven by the desire for quality in many instances, overlooking the detracting influence of You-Tube look alike musical bands renditions of hit singles by either reputable or promising new talent. Patently, issues of security remain paramount, in this race towards virally changing convergences, whether it is the protection of personal data by entertainment companies, the finance sector or an individual relying upon social networking websites to foster their new relationships. Banks reputation for safety once built at the store front only, to remain competitive amid their market rivals, has now shifted to the quality and integrity of their web presence. This same notion extends of course, to an ever growing margin of the retail sector, and the sporting sectors, who realise that within the 21st century era of the new media users, the ‘digital native’ populations will increasingly rely upon web based sources for their interfacing with the world. Ironically, even large scale media conglomerations recognize the technological convergence can allow the operator of a mobile phone with a camera component, to drive world changing conditions, in the event that anybody happen s to be at the right place at the right time, and films an international crisis on the telephone, then posts it on the web, embarrassingly before a major news corporation has the time or the infrastructure to outrun them. This realization has brought a new sense of recognition from major news broadcasters, to the power and penetration of websites like You-Tube, creating in journalists a scrutinizing eye for such alternate culture havens to assist the construction of mainstream breaking news stories. The future looks bright for the ongoing convergence of technologies and corporate agendas. We are reminded of the profound benefits of the digitization revolution, yielding â€Å"enormous gains in transmission speed and flexibility over earlier forms of electronic communication,† (Mosco McKercher 2008: 38) â€Å"extending the range of opportunities to measure and monitor, package and repackage entertainment and knowledge† (Mosco Mckercher 2008: 38). Nonetheless, the need to balance economic welfare and human welfare continues to be of concern, and one of the many implications of the increasing reciprocity, between technological and corporate convergence. In the field of media journalism news production convergence, Klinenburg reiterates that convergence facilitates a more rapid confluence of sources impinging upon an event or a story, yet it also intensifies the pressures upon the journalists time to â€Å"conduct interviews, go out into the field, research and write† (2007: 128). The processing time available at the human level continually diminishes, and when the technical speed is permitted to eclipse the human processes of digestion of knowledge and subsequent reflection, the result may ironically, in spite of a seemingly infinitely greater number of sources, be inferior, less news worthy and more insubstantial, than in would have been if the journalist had to rely upon more traditional methods of crafting a story to be broadcast or published. While we have such warnings of convergence being manifest as a â€Å"concentration of technological ownership, in the form of the global media conglomerates† (Saltzis 2007), occurring in tandem â€Å"at the three levels of networks, production and distribution† (Saltzis 2007), it is prudent to be cogniscent of the fact that such monopolization can create an hegemonic corporate empire, allowing such media outlets to in effect be massive funnels for particular ideological positions. Divergence of ownership, on the other hand, may be a way to democratise control and use of these powerful message delivery mechanisms, yet without inbuilt check and balance systems, the corporate stakeholder will rarely consider that their over- influence in the market place of ideas is detrimental to society. Since convergence researchers are ambivalent about the relative degree to which the â€Å"conglomeration of the global media has been the causal factor of technical convergence, or whether it is its by-product† (Saltzis 2007), there remains much to scrutinize, as we more globally to a yet more convergent means of conducting business; as well as producing, disseminating and consuming information, for diverse purposes. Saltzis’s observations seem pertinent in the final analysis. While the â€Å"benefits of these transitions include the merging of consumer bases; the creation of synergies with shared resources (utilising economies of scope and scale); as well as cross-promotion, the instability of the global media system, with its intense competition, advertising, peer-to-peer file sharing technologies, have established significant challenges for both the music and film industries† (Saltzis 2007). The matter of e-regulation is, as Saltzis asserts, â€Å"in its infa ncy† (2007), with many more competing political, economic and ethical questions to consider, as the global market place continues to converge. Bibliography Mosco, V. McKercher, C. (2008) The Laboring of Communication: Will Knowledge Workers of the World Unite? Rowman Littlefield Saltzis, K. (2007) Corporate and Technological Convergence (Lecture 8): New Media and the Wired World MS2007. International Telecommunications Union (2008) World Telecommunications Policy Forum 2009 ‘Convergence’, accessed December 13, 2008 from http://www.itu.int/osg/csd/wtpf/wtpf2009/convergence.html Yu, R (2008) Airlines Upgrade Entertainment in Economy Cabin USA Today retrieved from http://www.usatoday.com/travel/flights/2008-05-05-inflight-entertainment_N.htm December 13, 2008.

Tennessee Williams A Streetcar Named Desire :: Williams Street Car Streetcar Essays

Tennessee Williams' "A Streetcar Named Desire" The play 'A Street Car Named Desire' by Tennessee Williams has many characters with different personalities. One character that seems to play an important part in this play is Stanley. The ruff and hardened blunt husband of Stella, this is shown to us in the first two scenes introduces this character to the audience, and shows his attitude towards the environment that he lives in. Through out the following I shall be discussing about how Tennessee Williams introduces Stanley to the audience and this helps us learn about him. At the beginning of the first scene the audience meets Stanley, Tennessee presents Stanly and a friend (Mitch) as 'They are about twenty-eight or thirty years old roughly dressed in blue denim work clothes'. This gives us an immediate impression of a classic American working class guy, that doesn't have an impressive education record. Tennessee shows another example that 'Stanley' is of a low status, when he addresses 'Stella' as 'Baby!'. This shows the audience that Stanley is not being rude, but it is just the way in which he has developed his vocabulary in a slang street manor. It also shows the audience that he shows little respect even with the use of this slang terminology. Another aspect that the audience will learn about Stanley is that he is adored by his wife 'Stella' this is shown when she asks Stanley if she can come and watch him play bowling. This would not be normal behavior of average women in the time since, the time when the play is set bowling was to be a manly sport. However one is left to wonder whether if Stanley simply draws women to him in this idealistic way. This extravagant entrance for the character Stanley , makes the audience feel that he has an important influence in the play. Stanley is portrayed as a womanizer, and he carries on with this practice even after he knows that his wife is pregnant. It's bad enough that he is carrying on with this when he has a wife. The audience is made to feel that Stella knows of his habits of purposely attracting women and flirting ass it has to have been the same way he got involved with Stella. This could be a suggestion of why Stella asked him if she could join him and watch at the bowling alley. Stanley is portrayed as the man you love to hate, he is thee man that men want to be and the ruff end qualities women drawn to. Even though he hasn't been brought in the rich heritage the Stella and her sister

Drew Bropy :: Essays Papers

Drew Bropy As the original mastermind behind the â€Å"...lost† surf boards that began showing up a few years ago, Drew Brophy gave new life to the almost forgotten art of surfboard illustration. From the very beginning, young Drew was building a name for himself, not only as a surf artist, but also as a local hellman in the big surf. In high school Drew worked as an airbrush artist, hoping to save up enough funds to pay his way to Hawaii. His hard work paid off, allowing Drew to catch his plane to the topical Islands shortly after his high school graduation . Drew found that his southern accent made him stick out like a sore thumb, but he made up for it by fearlessly taking on some of the biggest mavericks that an angry Pacific ocean could throw at him. His custom board designs also where making a stir at the beach side, but sadly, not so much with the board shapers . The classic white board and curren rail bands were the current fad, and shapers where leery to use Drew’s unconventional illustrations. As if rejection wasn’t enough, Drew suffered a major wipe out that left him disabled for over 3 months. Unable to work, Drew packed up and moved into his friendà ¢â‚¬â„¢s garage in San Clemente. This seemingly tragic event actually would turn out to be the starting point of Drew’s career. Noticing a few illustrated boards under the arms of some local gromits, and having recovered the use of his arm, Drew looked for the creator of these boards in hope of finding a job. Directed to the San Clemente Surf Company, it was here Drew first met local shaper Matt Biolos. Shortly after he was hired, Drew convinced Matt to let him run his shop while he was on a business trip in China. Given free reign of the shop, Drew went wild, creating fantastic and beautiful illustrations of sunsets ,surf and sun gods. Drew’s boards flew off the shelves and stared the ...lost surfboard craze. Drew finds his inspirations from many surf artist , such as Rick Griffen, Robert Williams, and Rick Rietvela, but most of his inspiration comes form watching the Hawaiian surf, sand and sun.

My Freshmen Year Essay

My freshmen year ?My freshmen year gives an objective look into the ideal freshmen year of college experienced by anthropologist Rebekah Nathan. From this? experience Nathan wrote about her first year as a college student. Nathan’s story attempts to show the social and academic expectancy of a student entering college. Nathan gave her personal accounts of freshmen life by? communicating her experience in the dorm, study habits, general? student interactions, and demographic. When comparing student life at Albion to that depicted in Nathan’s account, I could make generalizations but as Nathan also found, no student or campus is alike. To start, Albion College is a small college with a small student? body while the school Nathan attended was very large, so one would guess? there will be differences in what an Albion student would experience? and what Nathan experienced. Nathan had the disadvantage of being an? older women in a world of young adults that were at the least thirty years her junior. Nathan found it difficult at first to be accepted by other freshmen. Many thought she was a parent or just someone who did not belong. Although I didn’t experience this my freshmen year at Albion College, Nathan’s account of college dorms seemed to be similar to that of most freshmen in colleges today. The halls in freshmen dorms tend to be decorated in the personality of the occupants. One thing I noticed was outward decorations of a person’s room often reflects the occupant’s study habits, an area explored by Nathan. Nathan found generally students with busy class schedules do what is important first and the lesser important work tends to wait until they â€Å"find the time†. I would say this action is common among the majority students. As the workload increases for the student, things are pushed to the side for reasons such as personal relationships, exhaustion, or other more pending assignments. I’d like to point out that Nathan, as a professor, had her pick of classes which most freshmen do not and made a schedule that worked best for her own interest. In most cases, college freshmen choose classes from what is leftover and most often have to squeeze unwanted classes into a challenging class schedule. Void of a troubling class schedule, Nathan used her time for? Nathan’s interactions with international students, she found a slight alienation of that demographic of students. The complaints were that American students often show little interest in the international students and they are often left to explore the new country on their own. During Nathan’s initial experience in the freshmen dorm she noticed that friendships are made within the first week of classes, then it is hard to penetrate a new group of friends. Therefore with a possible, language barriers, difference of customs, or just awkwardness of different upbringings, may be the cause for this alienation. I would say there is a higher percentage of international? individuals that experience this at Albion College because of the? demographic of students here. Albion College students, for? the most part, are upper middle class white kids. Bigger schools tend to have a wider demographic of race and class, which often makes a melting pot of mingling people. Making friends is the ability to find common? interests with others. Therefore, someone from another country may find it? hard to make a connection with someone a different nationality due to? customary differences. Nathan’s depiction of the typical college student gives the picture that students often are â€Å"goof offs† and use college as a social club instead of a place that is meant to promote intellectual growth. Where this may be the norm at larger institutions, I would have to disagree with making this generalization for all schools. Albion College students take their education more serious than those from other state colleges. Many students at Albion are focused to continue on to a higher-ranking graduate school or job and? realize that taking school with a serious attitude is the way to do? hat. Nathan’s account of freshman life is realistic because it is her own? experience but it is not typical in some aspects for an Albion student.

Persian Gulf War

The war was fought very fiercely for Just one year between 1990 and 1991. Its effects can soul be felt In today's society. The war had quite a large impact on history, particularly modern history. The outcome of the war arguably poisoned the minds of many people, crippling relationships between many groups; particularly between the West and the Middle East. Its whole entirety has left a major impact on the lives of many people and will continue to be looked at as a dark time for Middle Easterners and quite the opposite for Westerners.It is often argued that the war was ultimately a fight for oil. Several sources do present their arguments in favor of this statement, and are successful in establishing a case where this statement is true. His real motive was probably to take control of the wealth possessed by Kuwait (Lowe 2005, up. 253). Referring to Sad Hussein, the author has stated that Sad Hussein's primary motive for the war was to take control of Kuwaiti wealth. Their wealth was their OLL Industry; an Industry that the world relied on heavily, particularly for countries In the Middle East and beyond.Most people take the view that Hussein was short on finances following the Iran-Iraq neighboring countries; this had mostly gone to waste and Hussein would not pay it all back. Additionally, he believed that Kuwait was historically a part of Iraq. Had this been true, he would have already possessed Kuwait for a long time. Several reasons can be produced to support the claim. As Iraq was short on finances, they needed only to claim a nation that had a booming industry. They didn't need to take over a country that had larger powers, and both the superpowers at the time were neutral awards Iraq.These facts, along with the small size of Kuwait, were in due course the main characteristics for Hussein's motives. Moreover, it was the West who was also in strife when they realized what was at stake from the invasion of Kuwait. Lowe (2005, p. 253) argues that Iraq and th e USA were previously on neutral terms, as USA had helped Iraq in their war with Iran. In contrast to this, USA was threatened by the invasion, as it left Saudi Arabia incredibly vulnerable. Saudi Arabia at the time (and still to this day) have possessed the largest oil industry and production for a long mime.This fact left several Western nations vulnerable as well, as Iraq were very close to invading Saudi Arabia next and this threat was made very clear to the West. If Saudi Arabia were to be invaded, their oil industry would have been controlled by Iraq, and the supply to the West would have been cut. The overwhelming evidence suggests that the war was a fight for oil, and a fight to protect the wealth produced by the oil industry. A variety of viewpoints emerge from political conflict in Iraq, and other Middle Eastern nations.Most people take the view that the poor decisions by politics within Iraq, particularly on the part of Hussein, led to the downfall of the overall position and reputation of the Middle East post-war. ‘International politics of Middle East have long been volatile and unstable' (Cellophanes 1992, up. 10). Indeed, the politics within the Middle East have been volatile and unstable, and this has led to their national identity becoming weaker. There is evidence to support that there was conflict in national interests, religions and ethnic rivalries post World War Two.These inflicts have led the people to take sides within their own country, and to oppose neighboring countries who they should call their ‘brothers' or ‘sisters'. The balances of interests have been made harder and harder to achieve and maintain, stemming from the poor decisions made by the leaders of each nation. Therefore, Iraq's downfall arose from Hussein's overconfidence and greed for power, ambition, wealth and reputation. There are many reasons in favor for both sides of the issue about economic impacts for Iraq, as well as the U. S.The majority viewpo int is that Iraq was already suffering financially, and the war left them in an even worse position. The financial crisis in Iraq had reached breaking point by early 1990 and Sad Hussein was in a desperate position (Finland 2003, up. 14). It is established that his motive for the war was to gain money, but the war was decisively won by the opposing side, proceeding to the economic suffering of Iraq. Conversely, the U. S. Did not suffer nearly as much. Hancock (2006) argues ‘The Gulf War being the least expensive of all American wars resulted in a cost of only $26. 92 per American citizen'.Comparatively, citizens of U. S. Had suffered a low economic loss and this was loosely opposite to that of Iraqis and other Arab nations. It is unarguable that the Middle East suffered a lot more economically compared to U. S. A. According to many sources, the aftermath of the war has left its mark on many around the world, particularly Iraqis. Common far more in number, but left negativity w ith Iraq. The Columbia Electronic Encyclopedia (2012) argues that Kuwait and Iraq suffered enormous property damage. This fact presents an argument to support that the huge property damage offered to Iraq applied to quite the rest of the Middle East.They had suffered huge casualties and property damage from the war, but this only created more anger for Iraq. Continued uneasiness and conflict between Iraq and coalition forces; primarily U. S. , led to Second Persian Gulf War (The Columbia Electronic Encyclopedia, 2012). The second war was based off of Hussein's anger towards the West and ongoing conflict was inevitable from the outcome of the first war. For these reasons, it is established that the aftermath of the war had a major effect on Iraq and the Middle East.Even the most superficial investigation of the war produces the major effects of the war on the Middle East. The weight of public opinion is relied on the fact that most Middle Easterners suffered from the outcome of the w ar. Kettle (n. D. ) argues ‘Both Kuwait and Iraq†¦ Would have to face a period of turbulence and instability†¦ Both have had their political integrity and independence, as well as their economy and civilian structures, seriously undermined†¦ ‘. The quote conveniently provides the long term effects of the two nations, but has also affected the whole of the MiddleEast. It is argued that the Middle East has been seen by the West as a permanent battleground. The effects had on the Middle East have even been solely blamed on themselves. Authors Beverly Milton Edwards and Peter Handkerchief (2007, up. 97) collectively argue ‘one recurring theme in academic discourses is that contemporary observers, especially governmental ones, should have anticipated the invasion'. The outcome and aftermath have proved the adversity that the Middle Easterners have had to face, and the way they have responded in the past.As the same time, it is argued that this war has add ed to the Arab-Israeli conflict. The Persian Gulf War led to overall instability within the Middle East, and it is because of this that there have been effects on the Arab-Israeli conflict. Conclusively, the war had a more of an impact on societies within the Middle East. In conclusion, the First Gulf War has led to ongoing conflict between the Middle East and the West in modern history. The war caused political, social and economic conflict between the nations involved in the war.