Exchange Rates Essay Example | Topics and Well Written Essays - 2000 words

Exchange Rates - Essay Example For instance, let’s say goods are sold by a vendor in United Kingdom to a customer in United States on the first of January, and the customer has promised to make a payment in the next three months. In this case, the risk in question is that the price of dollar to the pound may change over the time period. This change may be on either side, resulting in an exchange gain to one party and loss to the other. Transaction risk often occurs in cases of sales/purchase of goods on credit with payment to be made at a later date, upon receipt of dividend from foreign investments and from borrowing and/or investing in foreign currencies. Transaction risk can be protected against by the use of various hedging instrument (DAVID WINSTONE, 1995). The other kind of risk that we discussed above is translation risk. It occurs when a company has various subsidiaries abroad and needs to consolidate its financial position for reporting purposes. It is pretty much possible that the various currencies in question (that of the subsidiary’s country and the home country) might not be performing well in relation to the host county’s currency and therefore show a very deteriorating position on the consolidated financial statements (PRACHI DEUSKAR, 2007). The best way to counter the impact of translation risk is to get involved in balance sheet hedging. The best way of doing so is making the foreign assets and liabilities equal so as to cut down the impact of any change that might occur in the exchange rates. The third and final case of currency risk mentioned above is economic risk. This risk overall affects the value of the firm in question. It refers to how the change in exchange rates affects the competitiveness of a business on an international scale. To make it simpler to understand, it’s not only the appreciation -or depreciation of a foreign currency to the home currency that affects a company’s operations, but also how a

Labour law and labour market regulation Essay Example | Topics and Well Written Essays - 2750 words

Labour law and labour market regulation - Essay Example In the case of Wiltshire County Council v NATFHE and Guy, the court was faced with the question of determining whether a part-time contract was for a fixed period or not. It involved Ms Guy who was employed at s a teacher and attended some teaching lessons but later the course was removed due to reasons such as under subscription amongst others leaving her without employment. When her contract was not renewed she complained of being dismissed unfairly claiming that she was protected by the Employment Protection Act 1978 which in its strict interpretation envisaged that hers was a fixed term contract The appeal court held that her contract was for a fixed term and the contract subsisted even if she had been technically dismissed. Stating that a fixed contract is one in which there was a defined beginning and end. Therefore, basing on the Wiltshire case, Joe can claim unfair dismissal on grounds of discrimination after which the case will be taken to a tribunal for determination This therefore means that there are certain provisions that must be met that include giving the employee the mandatory notice period required in order to terminate the contract and the steps to be followed in the termination process. 2 The employer can only terminate the contract for reasons amongst them non-performance of duties, job elimination and misrepresentation amongst other reasons and must be written in a statement to the employee.3 The employer is therefore required to pay their employees there severance pay or any other form of financial consideration that may be entitled to the employee. The termination of the employment of Joe must not be based on discriminatory reasons and therefore in any sort of remedy sought; the courts of law will determine the reasons for the termination of the employment. If Joe had an individual contract with his employer or was covered by a collective bargaining agreement, his remedies and compensation will be covered under the stipulations of t hat agreement that subsisted before the termination of the contract. In a jurisdiction such as that of the United Kingdom, the courts or the tribunals can hear the cases brought for wrongful termination of the contract of employment. If proven that the contract of employment between Joe and that of his employer was wrongfully terminated, the court has remedies that it can give Joe.4 One remedy available to Joe is that he can be reinstated back to the position or job he held previously before termination of the employment. The courts may also order for monetary compensation to Joe for the wrongful dismissal that will be calculated commensurate with what he previously earned.5 Question 1 (b) Dismissing an employee who has had a long-term history of illness or sickness is one of the major difficult decisions employers have to make when considering terminating the employment of a sick employee in the United Kingdom.6 An employer is entitled to dismiss but fairly an employee who is absen t from duty due to sickness that may be long-term in nature but there is a caveat that they must demonstrate that they have acted in a fair, sensitive manner.7 This means that

Edgar Allan Poe Essay Example for Free

Edgar Allan Poe Essay A famous author who initiated the start of detective stories and could spook his readers out with his tales of horror was born in January 19,1809. He was a wonderful short story writer and a poet. One of his masterpieces that he is well known for is known as â€Å"The Raven.† I’m sure by now you’ve guessed that I’m speaking of the â€Å"Father of the Detective stories† known as Edgar Allan Poe. Poe’s work reflected his own bitter and mysterious life. In most of his writing there is a blur between what is real and what if fiction because many of his narrators are on some sort of drugs. Edgar was a romantic writer, and his style was gothic. Edgar Allan Poe was a romantic in his writing. He was a part of the American renaissance movement and it is apparent he along with many other American writers rejected the British form of writing. He seemed to embrace that writing should express emotions. It shouldn’t just follow a certain rubric of rules but effuse from the heart. The tell-tale signs of a romantic writer are strong idealism and rejection of classicism. These characteristics are vividly found in his work known as â€Å"Ligeia†. In this story the narrator is an opium addict who marries a woman named Ligeia. He finds her to be very intriguing. He sees her as a beautiful woman with a mysterious personality. Unfortunately, she dies and he ends up marrying a stereotypical woman named Rowena. She is the complete opposite of Ligea in that she is exactly the way all the women of his era are supposed to be like. At the end of the story this woman also dies but then Ligea returns to the author through Rowena’s dead body. The romantic writer uses many examples to illustrate his preference for Romanticism over British literature and Classicism. The preference of the author for his first wife is an example of strong idealism and rejection of classicism. For instance, the writer describes his wife as an extraordinary being†¦almost inhuman: â€Å"She came and departed as a shadow.† Then he goes on to talk about her eyes and mentions that they are much bigger than normal eyes should be. He has a soft spot for her unique features and admires her intelligence. It is because she is different from the norm of women, he finds her attractive. She is a symbol of rebellion to the rules of classicism and her characteristics paint the art of romanticism. He then contrasts her â€Å"Singular yet placid cast of beauty† with the â€Å"fair-haired† and â€Å"blue-eyed† classical beauty of Rowena. It is apparent he prefers his first wife over the latter one because he repeatedly compares the two but compliments the first one. Poe then goes on to demonstrate strong idealism in his work. Idealism was basically a term used to define the optimistic nature of American writers in the good nature of mankind. In this story the fact that the narrator’s first wife comes back to life through the body of his second wife is a symbol of optimism. The author had described his wife as a woman who had wisdom of divine matters. He believed in her wisdom so much that he was sure she had used it to resurrect herself. It is also useful to know that the author was an opium addict. His point of view may have been distorted with hallucinations but the opium usage itself is an example of strong idealism. It is through this usage he is able to find his favorite wife come back to life simply because he willed for her to return to him. Her return could even be literal after she claims that, â€Å"Man doth not yield him to the angels, nor unto death utterly, save only through the weakness of his feeble will† (Lombardi). So maybe she was really there and if she was then this is a fine example of idealism. Considering, idealism is the hope of having a very unlikely event occur because of someone’s optimism. One more example of idealism in Ligeia is no significance of time or space. The American writers wanted to be very distinct from the old literature and wanted to cut off from them. As a result, they made time and space irrelevant to their work as a rebellion to rules. This explains why readers are never told how or when the author met his first wife or at what time she was reincarnated. For example, Poe says â€Å"I cannot, for my soul, remember how, when, or even precisely where, I first became acquainted with the lady Ligeia. (Deter) In addition, the author is so caught up the description of Ligeia he doesn’t remember the beginning of his relationship with her or what the ending to her is. She seems to consume him to the point that time and space don’t matter to him. Does she even have an ending? Considering she comes back to life as if manipulating time is one of her skills. All of these details just add to how much of a romantic writer Edgar Allan Poe really is. Poe used a very gothic style of writing. His work was usually dramatic, suspenseful and melodic. â€Å"The Raven† is a perfect example of these writing techniques. For instance, in â€Å"The Raven† the setting of the story is in his apartment in a lonely December night. The narrator is missing his lover, Lenore, who died. He is trying to distract himself by delving into the realms of his books but is sadly failing in all his attempts. Then a Raven appears at his window and knows of one word, â€Å"Nevermore.† He asks the Raven if he would see his lover again, but it replies â€Å"Nevermore.† The Raven angers the author and he tells it to leave to which the Raven gives the same answer, â€Å"Nevermore†. This poem is very meaningful and pretty much defines the themes and styles that Edgar loved to promote in his work. One thing to be noted when reading this poem aloud is that repeating Nevermore aloud after each stanza is a purposeful tactic. Edgar’s melodic instincts shine through this technique. He does this to emphasize the unity of effect and so that each stanza reflects the meaning of the poem as a whole. In addition, the â€Å"O†Ã¢â‚¬â„¢s in â€Å"Lenore† and â€Å"Nevermore† are too emphasized so that the unity of effect occurs once more. Moreover, this woman has left him and she is no more so the two words are parallels to the emotions of the author at the moment. They signify his loneliness. Edgar’s poetry is always well thought-out and he is always on a mission to have relatable but dramatic themes that will suck his readers in. In this poem he combines the theme of beauty with death. The beauty is represented by the memory of his beloved lover but who has met the ugly reality of death. He asks the Raven whether he will meet her in heaven but is hit by the cruel answer â€Å"Nevermore†. This blatantly ugly reality is what makes his poem have an even more gothic and depressing touch.

Sex and Sexuality in Dracula Essay -- European Literature Bram Stoker

Bram Stoker's novel Dracula, published in 1897, explores various sexual erotic possibilities in the vampire's embrace, as discussed by Leonard Wolf. The novel confronts Victorian fears of homosexuality; that were current at the time due to the trial of playwright Oscar Wilde. The vampire's embrace could also be interpreted as an illustration of Victorian fears of the changing role of women. Therefore it is important to consider: the historical context of the novel; the Victorian notion of the `New Woman' specifically the character of Lucy Westenra; the inversion of gender roles; notions of sexuality; and the emasculation of men, by lessening their power over women; in the novel Dracula. In doing this I will be able to explore the effects of the vampire's embrace in depth, and achieve a wider understanding of the variety of erotic undercurrents Stoker incorporated into the novel. Stoker was born in Ireland in 1847, and later he graduated from Trinity College in 1867, and joined the civil service. While working, as a freelance journalist and drama critic enabled him to meet Henry Irving and entered London's literary circles, which included figures such as Arthur Conan Doyle and Oscar Wilde. In the course of Irving's tours he also had the chance to travel around the world. Stoker later married Florence Balcome, who had previously had a romantic affair with Oscar Wilde. In my opinnion Stoker could not fail to be infuleced by these people while he was writing Dracula. In Dracula, Stoker relied greatly upon the conventions of Gothic fiction. Traditionally gothic elements such as dark and sublime settings, and the innocent threatened by the ineffable evil obviously feature in Dracula. Stoker modernises his novel by bringing the set... ...toker, B. (1994) Dracula, Penguin Classics, London. Weissman, J. (1988) Dracula as a Victorian Novel in Dracula: The Vampire and the Critics, UMI Press. Wolf, L. (1993) The essential Dracula, Byron Preiss. Wolf, L. (1972) A Dream of Dracula: In Search of the Living Dead, Popular Library, New York. (1997) Oscar Wilde [internet] can be found at http://www.neuroticpoets.com/wilde/ [accessed 10-11-2005] (2000) Clash of Cultures: The New Woman [internet] can be found at http://history.osu.edu/Projects/Clash/NewWoman/newwomen-page1.htm [accessed on 10-11-2005] (1997) Thor [internet] can be found at http://www.pantheon.org/articles/t/thor.html [accessed on 10-11-2005]

Brief History of the English Language

Brief History of the English Language OLD ENGLISH 5th Century —three Germanic tribes —-the Angles, Saxons, and Jutes arrived in the British Isles. The Angles were named from ENGLE, their land of origin. Their language was called ENGLISC from which the word, English is derived. The Angles, Saxons, and Jutes became known as the Anglo-Saxons. The Angles, Saxons, and Jutes became known as the Anglo-Saxons. Some words such as church, bishop, baptism, monk, eucharis, and presbyter came indirectly through Latin and Greek.The VIKINGS, also known as Norsemen, invaded England by the 8th century , which in turn, gave English a Norwegian and Danish influence. MIDDLE ENGLISH When William the Conqueror, the Duke of Normandy, invaded England, he became its king. French became the language of the court, administration, and culture. It was the language used in schools. The English language became mostly the language of the uneducated classes and was considered a vulgar tongue. Similar article: Failure in English LanguageMost of the English words rooted in French are words that have something to do with power, such as crown, castle, parliament, army, mansion, gown, banquet, art, poet, romance, duke, servant, peasant, traitor, and governor. MODERN ENGLISH Modern English developed after Johann Gutenberg invented the printing press in Germany around 1450 and William Caxton established England’s first printing press at Westminster abbey in 1476.Printing also brought standardization of English. Between the 18th to 20th centuries, the English language continued to change as the British Empire moved across the world—- to the USA, Australia, New Zealand, India, Asia, and Africa. American and British variants are the INTERNATIONALLY accepted variants of the English language. Differences of AE and BE Spelling center—– centre program— programme color—— colour

The Major Differences Between the North and South Essay

1. Economic and social differences between the North and the South. With Eli Whitney’s invention of the cotton gin in 1793, cotton became very profitable. This machine was able to reduce the time it took to separate seeds from the cotton. However, at the same time the increase in the number of plantations willing to move from other crops to cotton meant the greater need for a large amount of cheap labor, i.e. slaves. Thus, the southern economy became a one crop economy, depending on cotton and therefore on slavery. On the other hand, the northern economy was based more on industry than agriculture. In fact, the northern industries were purchasing the raw cotton and turning it into finished goods. This disparity between the two set up a†¦show more content†¦The federal government denied states this right. However, proponents such as John C. Calhoun fought vehemently for nullification. When nullification would not work and states felt that they were no longer respected, they moved towards secession. 3. The fight between Slave and Non-Slave State Proponents. As America began to expand, first with the lands gained from the Louisiana Purchase and later with the Mexican War, the question of whether new states admitted to the union would be slave or free. The Missouri Compromise passed in 1820 made a rule that prohibited slavery in states from the former Louisiana Purchase the latitude 36 degrees 30 minutes north except in Missouri. During the Mexican War, conflict started about what would happen with the new territories that the US expected to gain upon victory. David Wilmot proposed the Wilmot Proviso in 1846 which would ban slavery in the new lands. However, this was shot down to much debate. The Compromise of 1850 was created by Henry Clay and others to deal with the balance between slave and free states, northern and southern interests. One of the provisions was the fugitive slave act that was discussed in number one above. Another issue that further increased tensions was the Kansas-Nebraska Act of 1854. It created two new territories that would allow the states to use popular sovereignty to determine whether they would be free or slave. The real issue occurred in Kansas where proslavery MissouriansShow MoreRelatedThe Major Differences in the Colonization of North and South America between the French, Spanish and English and Subsequent Civil Rights.2019 Words   |  9 Pagesï » ¿The Major Differences in the Colonization of North and South America between the French, Spanish and English and Subsequent Civil Rights. The Major Differences in the Colonization of North and South America between the French, Spanish and English and Subsequent Civil Rights. 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While the North had

Differences Between The Success Rate Of Drug Courts

Annotated Outline Research Question: Are there gender differences in the success rate of drug courts? A. History of Drug Courts 1. Brief history of drug courts 2. Where was the first drug court? 3. Explain drug court model 4. Who is eligible for drug court treatment? 5. What happens after successful completion of drug courts 6. Penalties for drug court failure. B. Drug Addictions 1. Are there gender differences in drug addiction? 2. What causes female drug addiction/dependency? 3. What causes male drug addiction/dependency? C. Drug Court Recidivism Rates 1. Female drug offender’s recidivism. 2. Male drug offender’s recidivism. 3. Point out any gender differences that exist? Anabel Rodriguez CJ331-12 October 19, 2014 Literature Review In 1989, the first drug court came into existence in Miami-Dade County, Florida. They emerged in response to demands for change in the criminal justice system because of the War on Drug. (Listwan, Sundt, Holsinger, Latessa, 2003) By 2007, drug courts were established in all 50 states. Statistics show that the prison population of women increased because of the War on drug policies. (Shaffer, Hartman, Listwan, 2009) The drug court model became an alternative to sanctions given to drug offenders. Drug courts address addiction by merging treatment services, judicial monitoring, and probation supervision. (King Pasquarella, 2009; NADCP, 2005; Shaffer, Hartman, Listwan, 2009) There are two kinds of drug court models. The firstShow MoreRelatedComparison of Drug Courts or Cognitive Behavior Therapy to Battle Cocaine Addiction1496 Words   |  6 Pagesthe differences between the effectiveness of drug courts and cognitive behavioral therapy for cocaine addicts. We know that all people r espond differently to therapy than others do, but it is good to be able to find the effectiveness and success rate of cognitive-behavioral therapy, and drug courts overall. But before we jump into the effectiveness of CBT, we need to know what the goal of CBT is and what the process is for CBT. Not only do we need to know the effectiveness and success rates of theseRead MoreMaking A New Type Of Social Justice System863 Words   |  4 PagesForemost, specialty court intervention provides a chance for social workers to promote a new type of social justice. Therapeutic justice principles not only focus on treatment services for criminal offenders, but it also includes promoting autonomy, emphasizing non-paternalism, a volitional choice to change unwanted behavior, and recognizing procedural and distributive justice (Redlich Han, 2014). Promoting therapeutic justice will help fight against the social injustices embedded within the criminalRead MoreEvaluation Of A Juvenile Drug Court P rogram1515 Words   |  7 Pagesstudy will be reviewed. The article is an evaluation of a Juvenile Drug Court Program in Lexington, Kentucky. 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The goal of these courts is to better address the individual’sRead MoreInequality and Redistribution1384 Words   |  5 Pagesproblems for both United States citizens and its economy. The inequality difference is continually getting larger and worsening these problems. Over the past three decades America’s economy has seen continuous growth; but this is accompanied with no increase in purchasing power for poor and middle class citizens. On the other hand, incomes of the richest Americans have dramatically increased, which only furthers the gap between social classes. In 2008, the top one percent of Americans earned overRead MoreThe Japanese Criminal Justice System1203 Words   |  5 PagesFor some time now, the Japanese criminal justice system has been regarded or perceived to be a successful justice system model. The success is mainly attributed to Japan’s culture and even embedded in the language itself (Goold, 2004). 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Decriminalization appears to have had a slight positive effect on crime. â€Å"With its recategorization of low level drug possession as an administrative rather than a criminal offence, decriminalization inevitably produced a reduction in the number of people arrested and sent to criminal court for drug offences from over 14,000 in the year 2000, to around 5,500-6Read MoreCompassion Impacts Wayward Youth1619 Words   |  7 PagesJuvenile court systems developed in Chicago based on the patriarchal premise that a tough compassionate judge could impact the lives of wayward youths. However, politicians changed this with â€Å"tough on crime† policies for election. Many juvenile criminals became labeled as â€Å"superpredators† and were thus deemed beyond any help and were tried as adults. Fortunately, not everyone in the criminal system believes that juvenile criminals are beyond help. 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Although it is often argued that Capital punishment is appropriate when the crime reaches an egregious extent, the revocatio n of constitutional securities, discrimination within race and income status, as well as the insufficiency to achieve a deterrent effect prevail over the validation of society’s ultimate punishment–the death penalty. In Wilkinson v. Utah (1879), the Supreme Court ruled that capital punishment