Reasons of Government Intervention in Transportation Industry

Abstract Certain function can be carried out satisfactorily only by the central or local government even where the provision of public transport is left entirely to the private sector, the government has an important role to play. If only to ensure through appropriate policy measures that the operating environment is conducive to the development of a suitable transport industry. A fundamental requirement is full government commitment to the success of the transport system even if this requires difficult political decision.In this report, there are few reasons for government involvement in the transport industry with of course based on real-life examples. TRANSPORTATION INDUSTRY OVERVIEW Transport is that part of economic activity which concerned with increasing human satisfaction by changing the geographic position of goods or people. It may bring raw materials to where they can be manufactured more easily, or finished goods to places where consumer can make best use of them. Alterna tively, it may bring the consumer to places where he or she can enjoy services which are being made available.There are 5 types of transportation mode which are road, rail, sea, air and pipeline. Each of it has its own characteristics as well as advantage and disadvantages. The transportation industry can be broken down into three major groups of companies; shipping, passenger transport, and equipment manufacturers. In some cases, particularly within shipping and passenger transport, companies provide services in multiple areas of the industry. Shipping companies are responsible for the transportation of supplies, and products to businesses, governments and individual consumers and operate on a global basis.The passenger transport segment provides people with the means to get anywhere on the planet, whether it is by air, sea or land. Finally, the manufacturing segment produces the trucks, planes, ships and railcars along with all the technology that allow transportation to exist in its current form. These manufacturers are just as essential to the transportation of materials and people as are the companies that transport them. Slow economic activity results in lower demand for freight and passenger transportation.According to the IATA, the air transport industry lost more than $4 billion amidst the 2008 global recession. Another major driver of the industry is cost, in terms of ticket prices and financing (demand) and factors of production (supply). Transportation activities heighten during the holiday seasons, impacting the performance of this industry. The major players of the transportation industry are: * Railways: The US has the biggest railway network (approximately 240,000 kms). Other countries with vast railway lines are Russia (154,000 kms) and Canada (72,961 kms). Airways: The major airlines are British Airways, Lufthansa, Qantas, Cathay Pacific, Emirates, Air France-KLM and Southwest Airlines. * Shipping and logistics: The chief shipping companies a re APM Maersk (TEU capacity: 2,031,886), Mediterranean Shipping Company (1,469,865) and CMA CGM Group (988,141). Government in Transport Industry Any transport system requires basic regulations in the interest of public safety. A basic framework of rules must be laid down and enforced. Offences must be delineated and punishments prescribed.The doctrine of Laissez-Faire, which drew from the eighteenth-century, holds that the state should not interfere with the activities of private individuals who are showing enterprise but should leave them to do as what seem fit. But it soon become apparent that in reality where the entrepreneur are aiming at the greatest personal profit, was likely to exploit the general public, especially in view of the monopolistic nature of many early transport enterprises. Here are where the line of government to start their involvement in the industry with a lots more additional reasons.Transport policies arise because of the extreme importance of transport i n virtually every aspect of national life. Transport is taken by governments of all types, from those that are intervention list to the most liberal, as a vital factor in economic development. Transport is seen as a key mechanism in promoting, developing and shaping the national economy. Transport frequently is an issue in national security. Policies are developed to establish sovereignty or to ensure control over national space and borders. TheInterstate Highway Act of 1956, that provided the United States with its network of expressways, was formulated by President Eisenhower on the grounds of national security. Reasons commonly advanced for government involvement in urban transport markets include: †¢ The ‘public good’ or non-commercial nature of urban transport; †¢ Natural monopolies in public transport; †¢ Safety regulation; †¢ Environmental and health effects; and †¢ Providing access to the transport disadvantaged. A. Transport services as a ‘public good’Certain transport services may not be provided sufficiently or at all by the private sector even though they are valued by users because of inherent difficulties in charging for or excluding those who do not pay for the service. For example, without government funding, roads would be under-provided. Commercial incentives to provide roads privately are compromised by the need to allow many entry and exit points from a given route (particularly for local roads), presenting obstacles to the efficient collection of user charges. However, the distinction between a ‘public’ and a purely ‘commercial’ service is not always clearcut.Some participants argued that public transport also possessed the attributes of a ‘public good’. For example, the Council of Pensioner and Retired Persons Association (SA) Inc commented: The idea of User Pays — that the system will pay for itself — is absurd. Public transport is a P UBLIC UTILITY, a PUBLIC SERVICE, the same as the Police Force or the Fire Brigade. B. Controlling Monopolies Transport is a natural monopoly in many ways but particularly in the case of transport where very heavy capital costs are involved. The best examples are the canal of the eighteenth-century.The existence of a natural monopoly in certain aspects of urban public transport is seen as necessitating a role for government to prevent the exercise of market power and possible exploitation of the travelling public. This role usually takes the form of direct service provision and/or regulation of fares. Unrestrained competition leads to market dominance by a company thereby achieving monopoly power. Such dominance brings into question many issues affecting the public interest such as access (in a port would smaller shipping lines be excluded? , availability (would smaller markets continue to receive air service by a monopoly carrier? ) and price (would the monopolist be in a position t o charge high prices? ). Other reasons for policy intervention include the desire to limit foreign ownership of such a vital industry for concerns that the system would be sidetracked to service more foreign than national interests. For example, the US limits the amount of foreign ownership of its domestic airlines to a maximum of 49%, with a maximum of 25% control. Other countries have similar restrictions. C. SafetyTransport raises many questions about public safety. Issues of public safety have for a long time led to the development of policies requiring driving licenses, limiting the hours of work of drivers, imposing equipment standards, establishing speed limits, mandating highway codes, seat belts and other accident controls. More recently, environmental standards and control measures are being instituted, in response to the growing awareness of the environmental impacts of transport. Examples include banning leaded gasoline and mandating catalytic converters in automobiles.B oth the US government and such international organizations as the International Maritime organization (IMO) and the International Civil Aviation Authority (ICAO) have instituted new measures that impact on operations, and represent additional costs to the transport industry. An inadequate level of safety may be provided by a free market if operators do not incur the full costs of damage or injury to passengers and by standees caused by an absence of safety measures. For example, those injured incur costs which can only be retrieved through personal insurance or common law.D. Environmental and Health Governments are beginning to exert greater control over environmental and health, issues that are replacing former preoccupations with economic matters. The environment is becoming a significant issue for government intervention. Coastal zone legislation has made it increasingly difficult for ports to develop new sites in the US. Air quality is a major factor influencing the allocation o f US federal funds for urban transport infrastructure. In Europe, environmental issues are having an even greater influence on transport policy.The EU Commission is promoting rail and short sea shipping as alternatives to road freight transport. Projects are assessed on the basis of CO2 reduction. All transportation projects are subject to extensive environmental assessments, which may lead to a rejection of proposals, despite strong economic justification, such as the case of the Dibden Bay proposal for expanding the port of Southampton in the UK. As a major source of atmospheric pollution and environmental degradation, the transportation industry can anticipate many further government environmental policy interventions. E. Providing Access to the Transport DisadvantagedGovernments also intervene to assist the transport disadvantaged. Some members of the community may not be able to afford adequate access to transport due to low incomes and/or the high cost of transport to them. Th e desire to provide public transport at a particularly low cost to pensioners, the unemployed, the old and the young has provided justification for government being involved in urban transport operations. Almost universally, public transport has been provided at a loss because governments have been concerned that it be accessible to as many people as possible at a price as low as possible.Many transport modes and services are capital intensive, and thus policies seeking to promote services or infrastructure that the private sector are unwilling or unable to provide may be made commercially viable with the aid of subsidies. Private railroad companies in the Nineteenth Century received large land grants and cash payments from governments anxious to promote rail services. In the US, the Jones Act, that seeks to protect and sustain a US-flagged merchant fleet, subsidizes ship construction in US shipyards.Indirect subsidies were offered to the air carriers of many countries in the early years of commercial aviation through the awarding of mail contracts. The Roles of Different Levels of Government In each State and Territory, governments operate public transport authorities. Urban rail systems are run by state government monopolies. In the case of buses, a mix of public and private operators prevails, but private operators usually operate under licences or contracts specifying routes, schedules, fares and so on. Taxis are mainly run by private interests, but are heavily regulated by government licensing bodies.State governments are responsible for the construction and maintenance of state arterial roads. These functions are performed through the various state road agencies. State departments of transport or their equivalents generally administer overall transport policy. Other government agencies which impinge on urban transport include urban planning and environment. The nature, extent and effectiveness of coordinating machinery vary. Local governments also play a considerable role through their land use regulations, funding of local roads, and provision of local public transport.The Commonwealth Office of Local Government identified a number of activities of local government: †¢ The construction, funding, design and managements of roads; †¢ Land use planning and regulation; †¢ Providing some specialised local public transport; †¢ Shaping transport options by measures such as control of parking; †¢ Providing transport related infrastructure such as car parking areas and bus/rail interchanges; and †¢ Interaction with other government spheres on land use and transport planning. ConclusionIt is essential to control transport from many points of view, but it is important not to make regulations so burdensome that they discourage enterprise. The chief reasons for regulations are to promote safety of the public, to prevent the abuse of monopoly situations and to avoid cut-throat competition. It is also important to en sure that transport costs are not passed on to the general public as ‘social costs’ for example as pollution, noise, accident damage and more. Therefore the government involvement in transport industry is important to balance up the economy and benefit either on the entrepreneur side or the consumer.REFFERENCES The Australian Government's role in transport security, retrieved on 5 December 2011 from http://www. dfat. gov. au/facts/transport_security. html Transportation Industry, retrieved on 3 December 2011 from http://www. wikinvest. com/industry/Transportation EconomyWatch (30 June 2010), Transportation Industry, Transportation Sector; retrieved from http://www. economywatch. com/world-industries/transportation-industry. html Don Benson, Ralph Bugg, Geoffrey Whitehead (1994). Transport and Logistic. Great Britain: Woodhead-Faulkner (Publisher) Limited.

A good film just like a good book Essay

After I click the pause, the screen froze and there is a sentence remain on the screen, ‘Oh, this land was made for you and me. ‘ There is a feeling from my heart which I can not explain with words, this felling contains angry, disappointed, sadness, but the most is the powerlessness to face the reality of the food industry. This kind of feeling happens once before, after I watched ‘ The Cove’, feel anxious to do something and want to help, however, where to start and how? The first thought is to stop buying food from those company, thysoon, motannio, but what else can we buy, there are some, but not enough. But after a second thought, what will happen if we stop buying those food, the company will die together with millions of people will loose their job. But we know clearly that stop buying food from this kind of big and powerful company is impossible, there must be other way out. sometimes people are small, too weak to struggling for such a big problem, so the only way out is to rely on the organization which born for the people but people sometimes do not like and trust, the government. Organic food The film is just on of the most useful way to speak to the people and make them aware of the what actually our word is. But just like the film, we can not touch, smell and taste, only sound and scene may won’t leave the feeling too long. people who are actually doing something which like the mum in the film is because they are victims, people who are not doing things is because they have no chance to see the damage or in another way, they haven’t experience the nightmare. A good film just like a good book, they make people think and reflect their thoughts in the normal lives , it is successful even we just hesitate when we choose food in publix. People always think that they are small, however, water drops can wear away a sone, we can not just let the thought go over our head, we should catch it and pull it out, then actually do things which can really help, help ourself and also help others.

Common LISP Research Paper Example | Topics and Well Written Essays - 2000 words

Common LISP - Research Paper Example Table 1 shows some of the mostly used implementations of Common Lisp (Daniel, 2010). Common Lisp has been the chosen Lisp dialect in various development industries worldwide. One such industry is the Web. Some online shopping sites such as â€Å"Yahoo! Store† provide its users with a WYSIWYG editor for editing their online store through any standard web browser (Graham 2003). This editor is developed in Common Lisp. CL-HTTP is public domain web server developed by MIT Artificial Intelligence Lab. Some big companies such as AT&T have been using Common Lisp in their telecom systems. A UK based company, Harlequin, is known to have provided Common Lisp based products and consultancy services to AT&T (Kantrowitz 1994). Xanalys Ltd is another giant company that has been using Common Lisp within their application products. Xanalys LinkEXPLORER, is one of their products that is developed in LispWorks (an implementation of Common Lisp) (Levine & Pitman 2010). Besides being used in internet web services, telecom industry, document translation, fraud detection in credit cards as well as crime investigation, CL has successfully been used in applications related to analysis of investments, finances, tracking of trends in stock markets, airline scheduling systems, space exploration, robotics, process planning, process scheduling, chemistry, physics and medicine. All these discussed application areas have a common trait; the problem structure is usually too complex. The following discussion depicts the situations where it is generally advised to use CL to simplify complex problems. Common Lisp has been used in the field of Artificial Intelligence since its inception. Although it may not be an optimal solution for common problems involving bulk processing based on clear cut, well defined data, yet it can still be used in these system. In a business accounting system that usually involves straight

Nursing Essay Example | Topics and Well Written Essays - 750 words - 1

Nursing - Essay Example Aside from performing well in our tasks, we must also be able to initiate better changes and developments on how we deliver our services. Being able to come up with effective and efficient measures in helping our patients is a big step both in adding value to our work as well as empowering ourselves with additional responsibilities in the nursing field. Also, by letting us become a part of the decisions not only would help in our career growth, but also in our own personal discovery (Kleinman, 2004). And the first step for this is by having a chance to look at how leadership works and thrives in our field. In order to be competent in leadership, I would have to accept additional tasks that stimulate the brain, such as problem-solving tasks or additional leadership work. It was reported that by having such additional tasks could enhance career growth among nursing staff, as well as empowerment, which in turn increases their retention in the field (Krugman & Smith, 2003). Also, I would ask concerned supervisors to hold meetings that aim to let the staff speak their thoughts and ideas to their superiors, and have them evaluated for soundness. I believe that doing so would not only give us the chance to use our heads to develop solutions, but also to give us a chance to be a part of the team, most especially to us who have the need to feel that our person and our abilities are relevant to the overall performance of the whole team. Doing so would also help us to become empowered, as well as having a sense of satisfaction in what we do and how we do it. Letting the nurse staff participate in such aspects of the work was reported to improve the morale of the staff, making them perform over the normal standard in providing care to patients (Contino, 2004). In order to arrive at my personal goal of being successful in the field of nursing, I opted to have my strengths and weaknesses identified, so that I could find out what I do best as well as to see which areas I need to improve to become better. And also, by finishing by degree in nursing as well as finishing a Master’s Degree in Public Health with Informatics not only can I contribute to the modernization of some aspects of nursing in where I work, but also to become a nursing manager being able to inspire and motivate people, as much as my own mentors do to me. I was able to check the levels of my knowledge in different areas of the nursing field using the Nurse Manager Inventory Tool (American Organization of Nurse Executives, 2006). Upon completing the checklist of the characteristics of effective nursing managers, with the help of my supervisor I was able to deduce what areas of improvement to focus on, and what areas I do well in. After answering the checklist, I found out that while I could say I am competent in the science and art domains since these are mostly sourced from available reading materials, the leadership aspects of being an effective nurse manager learning domain fra mework such as personal accountability, career planning, personal journey disciplines and optimizing leadership potential could still need expansion. I could attribute this to the fact that I am usually given responsibilities of staff nurses but not much more complex tasks. Also, leadership is not something written in most books, but is rather an experience that must be lived

Legal Ascts of the Nursing - Homework # 3 Essay Example | Topics and Well Written Essays - 750 words

Legal Ascts of the Nursing - Homework # 3 - Essay Example Patient safety entails knowing and reducing factors that may cause medical errors, communication of any relevant patient information to other medical health care providers, and disclosure of patient information (Byers & Susan 84). In the case in question, health care provider’s responsibility of maintaining patient safety is on the limelight. This is because the patients and health care society view health care providers as quality and safety leaders. Among the different roles that a physician should execute, he or she should take part actively in practice-specific activities that result to patient safety (Byers & Susan 88). Though the doctors restrained Mr. Garcia to prevent self harm, they failed to provide a direct one-to-one observation to Mr. Garcia, who later escaped from the hospital. Therefore, Mr. Garcia’s escape from the hospital can be linked to the physicians’ failure to observe him closely. In addition, communication of relevant patient information to other health care practitioners is a principle eminent in the case. It is the responsibility of health care practitioners to inform other health care providers about a patient. In the case in question, the physicians would have informed other health care providers within the hospital (Byers & Susan, 94). This would have, to some degree, averted Mr. Garcia’s escape. In this case, the hospital and the staff members are the defendants. In law, a defendant refers to the individual or an entity against whom an action is brought in a court of law. The organization can be held liable for the death of Mr. Garcia due to the actions of the employees. The employees act as agents of the organizations and their actions amount to actions of the organization. However, the police can also be held liable to some extend for the death of Mr. Garcia. In this case, the physicians who are employees of the organization did not exercise full responsibility in ensuring Mr. Garcia’s

CUlture Essay Example | Topics and Well Written Essays - 500 words

CUlture - Essay Example Having announced free primary education in 1998, the government allocated a quarter of its budget to financing this venture and yet this was not enough to see it into completion. A continually escalating national debt and structural reliance on its richer neighbors, specifically, South Africa, are factors that have seen Lesotho engulfed in the present quagmire. In the Brazilian case as expounded upon by Nancy Scheper Hughes in her revealing testimonial of the excesses of shanty life, mothers seem to embrace almost fatalistic attitudes based on retrogressive cultural practices (Hughes, p.364). People seem to believe that evil spirits cause diseases (Hughes, p.366). Mothers refer to these illnesses as though they are caused by factors beyond their capacity to control and expect to be at the mercy of curable diseases. This is an example of one of the common ways that culture can be harmful to those who practice it. She also documents how mothers and older women claim that there exist fourteen to twenty one various types of child and infant illnesses, with systems ranging from a ‘hanging head and sickly pallor to a reluctance to suckle (Hughes, p.368). These ill-informed people can actually affect psychological systems of precociousness in a young or prospective mother who is encumbered with the fear that her child will be a victim of at least one of these diseases. In the Brazilian case, the poverty of these wretched mothers obviously contributes to their fatalistic view of life as far as their children are concerned. Unable to provide not only for their needs but also for their young, they adopt an unusual resignation to the harsh realities of shanty life and search for ways within themselves to accept inevitable death as normality. The church and its teachings as concerns the next life fits snuggly into this confusion as mothers

DNA fingerprinting Research Paper Example | Topics and Well Written Essays - 750 words - 1

DNA fingerprinting - Research Paper Example For example, if a single DNA strand looks like this: A-A-C-T-G-A-T-A-G-G-T-C-T-A-G, then the strand of DNA bound to it can be this: T-T-G-A-C-T-A-T-C-C-A-G-A-T-C. the section of DNA can be together represented as follows: DNA fingerprinting is used in differentiating people. This is because the chemical structure of DNA of everyone is the same. The only distinctive feature between people or animals is the base pairs’ order. DNA of each person has many millions of base pairs, and everyone has a distinct sequence. Through the use of these sequences, every individual person can be solely identified by their base pairs’ sequence. The task is however time consuming due to the many millions of base pairs. Scientists have been able to do this through a shorter method due to the repeating patterns in DNA (Pena 97). The patterns however do not give fingerprint of individuals, but can determine whether two samples of DNA are from one individual, non-related people, or related persons. The sequences of DNA used by scientists are known to vary from person to person. This helps them in analysis for probability of a match. Maternity and Paternity: since individuals inherits his or her VNTRSs from the parents, its patterns can be used in the establishment of maternity or paternity of a person. The patterns are very specific, and a parental VNTR pattern can even be reconstructed if the VNTR pattern of the children is known. Analysis of parent to child VNTR pattern has been used widely in solving standard cases of father identification and even complicated cases of legal nationality confirmation, as well as in instances of biological parenthood and adoption. Criminal Identification and Forensics: DNA isolated from skin cells, hair, blood, or any other genetic evidence left at crime scene can be compared via patterns of VNTR, with the criminal suspect’s DNA in order to determine innocence or guilt.

Business (i NEED A WRITER IN LAW OR CRIMINOLOGY ) Essay

Business (i NEED A WRITER IN LAW OR CRIMINOLOGY ) - Essay Example This right to confront your accuser in open court is regarded as the core of the  English trial system (and of course that of other jurisdictions based on it).   All criminal cases start in the Magistrates’ courts. Petty offences, or offences not serious in nature are dealt with by Magistrates’ court. They are called summary offences. All cases regarding these offences are decided entirely in the Magistrates’ Court. Apart from summary offences, there can be two other types of offences. One is known as either-way offence. In either-way offences, the suspect has a choice. His case can either be heard by the Magistrates’ court or if so desired, he can insist on trial by judge and jury in the Crown Court. Magistrates’ Court can impose fines up to  £ 5000, and punishments up to 12 months1. However, the Magistrates’ Court has power to impose more sentence if the defendant is charged with two or more offences, and at least two offences are either way offences. Over 95% of all criminal cases are dealt with by Magistrates’ Courts.2 Magistrates’ Courts may refer some cases to Crown Court if it reaches a conclusion that the defendant deserves more severe punishment than they can. However, all the three types of cases must be first heard by the Magistrates’ Court. This hearing is known as committal. Offences of the other type are known as indictable offences. Indictable offences are to be tried only by Crown Court. Indictable offences are more serious criminal cases such as murder, manslaughter, assault, rape or robbery. The Crown Courts can hear appeals from orders of Magistrates Courts. These cases in Magistrates’ Courts are heard by three lay magistrates (who are known as justices of peace) or by a District Judge. The magistrates are volunteers from the locality. District Judge is a trained lawyer. He is a government servant. The prosecution is usually carried out by the Crown Prosecution Service. A

The art history Essay Example | Topics and Well Written Essays - 1000 words

The art history - Essay Example Arts are revolving but language is also evolving. This means that it exists in different definitions. It depends on the understanding of an individual. At some point, it is seen as a therapeutically process. It could be with corrective or treatment aim that involves painting. The process can be satisfying or frustrating for an individual depending on a person’s interest. The end product is the part that will produce an exhibition of the art. Therefore it can be considered as the process of creating in a secondary manner. It still does nit change that it is a non verbal form of communication that aims at stating the objective or purpose. This type of art is defined to produce certain changes in the personality of an individual. Aesthetics is a form of art that is connected to contemporary arts. Contemporary arts describe painting to posses two definitions which could be rated as inspirational (aesthetic) of craft. This means that it is an inspiration to create something beautif ul. All this should be stated behind the mind of an artistic personality. The real definition of aesthetics reveals that it is a form of philosophy that deals with beauty, taste and art. Appreciation and creation of beauty should also come along in the definition for it to be complete. Scholars in the field define it as critical definition of art and beauty that comprises f nature and culture. Aesthetics can be traced back to pre-historic arts that were done in ancient arts. Since then, it underwent a slow revolution. as it is considered the philosophy of art. Most artists in this field believed that beauty is a factor that should be disclosed as an inner sense hence a subjective fact. William Hogarth believed that it consists of many attributes including fitness of some of its part into the design system. By the beginning of the 18thcentury, art had a totally different meaning. It revolved around pursuing a skill that was directed to the aim of creating taste or a clear production of what is considered beautiful. This is the first time that taste and beauty are mentioned in association with art. Artists like Francoise Bouncher were part of bringing out the taste and elegance in art. By the 19th century, art was aimed at pleasing with beauty as the major object. The relevance in this is that the idea in the art is the center for what is shown in the piece of art. Avant Garde was the brain behind the idea of skills exhibited by an artist. According to him, these skills were for the purpose of providing moral and

Human Nature in Macbeth Essay Example for Free

Human Nature in Macbeth Essay Macbeth is a play that examines human nature. During the play there is a significant amount of emphasis on the different attributes and sides of human nature. The play demonstrates that everyone has the ability to do good or evil by what choices they make and what the ramifications of these actions are, decisions are made that affect the outcome of a person’s future. Macbeth is a prime example of the human nature in its very worst form. Throughout the play, Macbeth experience somewhat of a fall from grace. Macbeth’s greed and poor decision making caused him to lose everything he had worked so hard for. He became engulfed in greed and would stop at nothing to gain what he believed was rightly his. He went from somebody who was a strong courageous and well respected man who was an honourable warrior for Scotland. To someone who was so blinded by his hunger for power it drove him to incredible lengths such as killing his own cousin and best friend, to receive what was promised him by the witches. Macbeth’s disloyalty is a huge flaw in his character and part of his human nature. He murdered his long-time friend and king, Duncan. He had no remorse for his actions, he was only concerned for his own safety that he wouldn’t get caught. â€Å"The bell invites me. Hear it not, Duncan, for it is a knell that summons thee to heaven or hell. † (act 2, scene 1) Shakespeare uses the character of Macbeth to demonstrate to his audience that the decisions we make and the actions we take can easily be affected by simple aspects of human nature such as greed, this hunger for power that some people seem to possess and that we can so easily be manipulated by others to do wrong. Lady Macbeth is very manipulative towards her husband, by questioning his manhood, emotionally blackmailing him she brings out his pride to do as she desires. â€Å"When you durst do it, then you were a man; And, to be more than what you were, you would be so much more the man. † (act 1, scene 7) She plays on the weakest parts of Macbeth’s character to manipulate him. â€Å"We will proceed no further in this business. † (act 1, scene 7) This shows that Macbeth was set to not kill Duncan but Lady Macbeth manipulated him to change this mindset. So if were not for Lady Macbeth’s toying and manipulation of Macbeth he would still be the honourable man he once was. Throughout Macbeth, Shakespeare uses his main Characters, particularly Macbeth and Lady Macbeth to show the very worst of human nature and tried to show his audience and anyone to read the play in the years to come that our choices and actions can be easily influenced by others and that everything we do, particularly bad things have serious ramifications, in Macbeths case, The total destruction of himself, his wife and his country.

Pluralist and ruling elite accounts of power

Pluralist and ruling elite accounts of power Pluralist Power Political Compare and contrast the pluralist and ruling elite accounts of political power This essay will discuss the above question and analyse the relevance of similarities and differences to the modern political system. It will look at empirical evidence from a number of pluralist and elite writers and explain the weaknesses in both arguments. The differentiation of the distribution of political power between the pluralist and elitist accounts is relatively simple to determine loosely. The elite approach argues that there is one group which dominates in a political system, although that class is not necessarily determined by the economic system. Pluralist theories state that political power should be regarded as analytically distinct from economic power and, in contrast to elitists, power is not concentrated in the hands of a single group, but widely dispersed among a variety of groups and actors.1 The central position of pluralist power is that all citizens have a chance to become politically active through either individual or group action. Views are represented in policy making not only through representative elections but also through the participatory mechanism of group politics. The process of decision making is merely the outcome between different groups, with government institutions acting as a mediator. No group tends to dominate this process because of the plurality of political resources. The diverse base of group power means that if a group has little money, it may call on public opinion to sustain its views in the decision making process. The electoral mechanism assumes that government doesn’t persistently favour one group as bias alienates the government from the rest. The government acts as a broker, independent from interest, and responds to pressure from different sides. The outcome of the policy making process is an even gamble – all win some bets and lose others, in contrast to the elitist view that the odds are stacked in favour of the house.2 Mosca used the term ruling class to denote the permanent group of organised rulers in society, but his use of the term ‘class’ creates an element of confusion in that his ruling class is very different in its function and characteristics from those of the Marxists. Power exercised by Mosca’s ruling class occurs from the organisational capacity of the ruling minority. This is the basis for their power and the characteristics that distinguishes them from the powerless minority.3 Criticism of classical elite theorists by writers such as Meisel centres on the notion that the ruling elite is claimed to be a class.4 It is an important idea in Pareto’s theory and Mosca founds the power of the elite on their greater organisational capacity. The three functions that Meisel identifies Mosca’s elite must have – consciousness, coherence and conspiracy, mean that such an elite should be able to maintain itself purely by its organisational capacity, its ability to adapt to new forces and its dynamic positive relationship expressed through the rule of law. The elite in a modern sense connotes a looser group of individuals, each exercising power and united by one or more factors such as wealth, social origin or achievement. What remains of classical elite theory is the powerlessness of the masses and the rational unifying capacities of the minority groups. Power pluralists such as Dahl and Polsby argue that a pluralist approach is far more rigorous than the elitist model when determining the distribution of power in political systems. Power is defined as an ability to influence policy outcomes rather than having a reputation for power. Studies of power distribution should be analysed using empirical methods finding those groups responsible for the decision making process Dahl contended that ‘although there are many different approaches and theories of power, so long as we can subject the hypothesis contained within these thesis’ to empirical investigation then it will be possible to arrive at an all embracing definition of power’.5 The pluralist approach stresses a need to look at actual decision making. A study by Dahl in 1965 looked at electoral apportionment, urban development and education to see who tended to dominate. The conclusion showed that it was impossible to identify a single powerful elite. Decision making tended to be a complex bargaining process between a plurality of different sectors. Pluralist theory has not been unchallenged by elite theory. Elite theories emphasise the stability and survival of political rule through the visible exercise of power. The difference of perspective results in research methods which are more approximate in their definition of power distribution. ‘Power involves relationships between individuals and groups, both controllers and controlling. It is a relatively constant factor in social relationships with policies as a variable and structured on national and local levels’.6 Elitists argue that expressed or perceived political preferences can be distinguished from objective interests. But this is because of the influence of the dominant class circulating a political formula, as Mosca put it. In this approach such perceived intent is the product of a power relationship rather than the pluralist approach of being the basis for understanding these relationships. In elite theory, where perceived interests differ from objective interests, evidence of the dominant class shaping the values of those whose power is exercised can be seen. Pluralists ignore the concept of objective values as it suggests that group goals can be determined from information of the social or economic nature of the group. They argue that such goals are vague and contradictory and difficult to determine.7 Marxist theories have tended to show a link between economic and political power. The notion that there is a political authority which can be separate from economic relationships is one which runs through Western politics. Aristotle argued that the polis allowed free men to take decisions, for the good of the citizens and not for the private advantage of the powerful.8 Hegel distinguishes between the public authority of the state as distinct from the relationships that prevail in civil society.9 This view is widely shared in pluralist political science that since power is a type of influence, a power holder may owe his power to his wealth, ability, reputation or any favourable position with regard to any value.10 Elite theory argues that the basis for assessing political power lies in the assessment of the degree in which particular groups can produce policy outcomes which are in their interests. Pluralist approaches reject the idea that an explanation can be based on the argument of the policy outcome with the interests of a certain group or class. Rather they argue the need to establish that a group consciously wants a particular policy outcome and take successful measures to secure it.11 Just as important as the plurality of resources, pluralist approaches stress the ability to transform the potential of those resources into the actual exercise of power. It’s not enough for a leader to be popular; he must have strategies to exercise his influence. In this sense power is not something that individuals and groups do; rather it is something gained through the deployment of political resources in order to achieve objectives.12 Power in pluralist analysis, is not just a property given or denied on the basis of social or economic position. The link between these and political power is weakened by the fact that strong political resources can coexist with weak political influence through the influence of inappropriate strategies. Like elite theory, pluralist theory doesn’t assume that those in formal positions of authority are necessarily those with political power. Those without policy making authority may be highly influential, and vice-versa. Where elitists differ from pluralist approach is that they argue that the influence of outside powers of government is limited to those exercised by specific economic and social classes. Pluralists stress that the types of pressures on government come from a wider array of different types of interest. Whilst they cannot suggest that there is a perfect distribution of power in government decision making, pluralists argue that more groups are involved in decision making than elitists, who claim that a particular class or group has a monopoly of influence.13 A study in 1980 showed the style of policy making in the UK. When drafting legislation based upon engineering reports, the government consulted over 500 groups, 16 of which were deemed to be influential.14 There is now a clear distribution between the two strands of modern elite theory. Mainstream elitism refers mainly to the interaction and function of ruling and strategic elites, and though it differs in emphasis from earlier theories, the normative assumptions are not that different from classical elitist like Pareto. The second strand of elite theory is neo-elitism, and is highly critical of both mainstream elitism and pluralism, which it regards as a revision of democratic theory.15 Its main issue with pluralism is over the community power debate, which had implications for the definition of power. There are many criticisms of pluralism who object to its normative implications. ‘Elitist ideals can logically contrast with facts without being invalidated by empirical research which does not in any obvious way call for its general revision’.16 It is argued that pluralists ignore the ‘face of power’ which contains the scope of decision-making to safe issues. The main weakness of the pluralist approach to power is that it is a description instead of an analysis of power relationships. This has been recognised because, if true, the elitist idea of the importance of non-observable influences and constraints from one group would have important repercussions for the way that western political systems are characterised.17 Elite theory is still opposed to class analysis at several levels, arguing the interests and power of elites are not based on economic factors. Elitism lends itself to a concentration on organisational identification of power. These differences in orientation separate elitism and pluralism, rather than the argument over the distribution of power. Power is not central to elite analysis; it is given in a certain way.18 The main criticism of elitism is that it assumes what it should be proving – the distribution of power. The other major similarity between the two theories is the idea of democratic elitism. This suggests that modification of democratic theory accepts that most citizens do not take part in politics. It argues that a number of elites who are forced to compete for power through public support, as is the case with party politics. The most influential democratic elitists were Schumpeter and Dahl, who argued that elites could exist whilst democracy was in place. They also stress that elites do exist but are in control of different policy areas. Schumpeter stated that the key to democracy was the existence of the mechanism which forces elites to compete for support and that the majority of citizens aren’t capable of taking part in governing.19 Dahl analysed these ideas forming the argument that politics is a ployarchy, essentially meaning rule by a number of elites. This reworking of pluralism into pluralist elitism is the synthesis of the two theories. References 1 A.Cox, Power in Capitalist Societies (Brighton; Wheatsheaf, 1985) P107 2 P.Norris, Do Capitalists Rule (Oxford: Robertson, 1982) P194 3 P.Bachrach, Theory of Democratic Elitism (Boston: Little, Brown and Co, 1967) P64 4 A.Cox, Power in Capitalist Societies (Brighton; Wheatsheaft, 1985) P79 5 R.Dahl, Critique of the Ruling Elite model (New York: Macmillan, 1958) P463 6 A.Birch, Concepts and Theories of Modern Democracy (London: Routledge, 1993) P6 7 A.Cox, Power in Capitalist Societies (Brighton; Wheatsheaft, 1985) P85 8 Aristotle, The Politics (Harmondsworth: Penguin, 1972) P271 9 G.Hegel, Philosophy of Right (Oxford: Oxford University Press, 1968) P78 10 N.Polsby, Community Power and Political Theory (London: Penguin, 1961) P96 11 A.Cox, Power in Capitalist Societies (Brighton; Wheatsheaft, 1985) P116 12 F.Castles, Decisions, Organisation and Society (Middlesex: Penguin, 1971) P83 13 A.Cox, Power in Capitalist Societies (Brighton; Wheatsheaft, 1985) P114 14 J.Richardson, Governing Under Pressure (Oxford: Robertson, 1979) P126 15 A.Cox, Power in Capitalist Societies (Brighton; Wheatsheaft, 1985) P89 16 P.Bachrach, Theory of Democratic Elitism (Boston: Little, Brown and Co, 1967) P122 17 A.Cox, Power in Capitalist Societies (Brighton; Wheatsheaft, 1985) P121 18 R.Dahl, Critique of the Ruling Elite model (New York: Macmillan, 1958) P254 19 P.Bachrach, Theory of Democratic Elitism (Boston: Little, Brown and Co, 1967) P78 Bibliography Aristotle, The Politics (Harmondsworth: Penguin, 1972) Bachrach.P, Theory of Democratic Elitism (Boston: Little, Brown and Co, 1967) Birch.A, Concepts and Theories of Modern Democracy (London: Routledge, 1993) Castles.F, Decisions, Organisation and Society (Middlesex: Penguin, 1971) Cox.A, Power in Capitalist Societies (Brighton; Wheatsheaft, 1985) Dahl.R, Critique of the Ruling Elite model (New York: Macmillan, 1958) Hegel.G, Philosophy of Right (Oxford: Oxford University Press, 1968) Norris.P, Do Capitalists Rule (Oxford: Robertson, 1982) Polsby.N, Community Power and Political Theory (London: Penguin, 1961) Richardson.J, Governing Under Pressure (Oxford: Robertson, 1979)

Joseph Conrads Heart of Darkness :: Essays Papers

Heart of Darkness â€Å"A Worn Path† is a story of an old woman’s enduring courage, and strength, despite scores of obstacles. It begins on a â€Å"bright frozen day in the early morning.† Phoenix Jackson is making a strenuous journey across a wintry countryside to acquire medicine for her grandson who is chronically ill. She was â€Å"very old and small and/she carried a thin small cane made from an umbrella.† This clearly shows the reader that she is not suited for this arduous excursion. However, she has made the same trip a countless amount of times. The author uses Phoenix’s story to represent a journey of life. Her unwillingness to immediately reveal the purpose of the journey allows the reader to interpret this as a general journey without a specific purpose, just as life is often referred to as a journey whose reason is unknown. The obstacles she runs across in her travels represent the problems that one might have to face in life. Welty wants the reader to focus on Phoenix, her journey, and the obstacles that get in her way; because it is through the story of this journey that the author coveys her message, showing Phoenix’s sheer will and determination to endure, no matter what hardship presents itself to her. Throughout the entirety of the story, the author uses the third person limited omniscient point of view. This serves to give the other characters in the story less dimension, and thus, less importance, so that Phoenix is the only character that is fully developed. With this point of view, her physical characteristics are described, in depth, in the beginning of the story through the narrator. Sensuous imagery is used to put a brilliant picture of Phoenix in the mind of the reader. â€Å"Her eyes were blue with age. Her skin had a pattern all its own of numberless branching wrinkles.† This passage is exemplary of Welty’s exceptional ability to captivate one’s interest through use of diction. The characteristics of her personality are also depicted mainly through the reader’s experience of her actions, words, thoughts, and interactions with the other characters. This is the main reason that the other characters are a necessity. The hunter tries to persuade Phoenix to go home. He represents those in life who try to stand in the way and discourage people from fulfilling their goals. Joseph Conrad's Heart of Darkness :: Essays Papers Heart of Darkness â€Å"A Worn Path† is a story of an old woman’s enduring courage, and strength, despite scores of obstacles. It begins on a â€Å"bright frozen day in the early morning.† Phoenix Jackson is making a strenuous journey across a wintry countryside to acquire medicine for her grandson who is chronically ill. She was â€Å"very old and small and/she carried a thin small cane made from an umbrella.† This clearly shows the reader that she is not suited for this arduous excursion. However, she has made the same trip a countless amount of times. The author uses Phoenix’s story to represent a journey of life. Her unwillingness to immediately reveal the purpose of the journey allows the reader to interpret this as a general journey without a specific purpose, just as life is often referred to as a journey whose reason is unknown. The obstacles she runs across in her travels represent the problems that one might have to face in life. Welty wants the reader to focus on Phoenix, her journey, and the obstacles that get in her way; because it is through the story of this journey that the author coveys her message, showing Phoenix’s sheer will and determination to endure, no matter what hardship presents itself to her. Throughout the entirety of the story, the author uses the third person limited omniscient point of view. This serves to give the other characters in the story less dimension, and thus, less importance, so that Phoenix is the only character that is fully developed. With this point of view, her physical characteristics are described, in depth, in the beginning of the story through the narrator. Sensuous imagery is used to put a brilliant picture of Phoenix in the mind of the reader. â€Å"Her eyes were blue with age. Her skin had a pattern all its own of numberless branching wrinkles.† This passage is exemplary of Welty’s exceptional ability to captivate one’s interest through use of diction. The characteristics of her personality are also depicted mainly through the reader’s experience of her actions, words, thoughts, and interactions with the other characters. This is the main reason that the other characters are a necessity. The hunter tries to persuade Phoenix to go home. He represents those in life who try to stand in the way and discourage people from fulfilling their goals.

The Civil Rights in the 1950s and 60s :: American America History

The Civil Rights in the 1950's and 60's (1) Trumans civil rights committee: In 1947 Trumans Civil Rights Committee recommended laws protecting the right of African Americans to vote and banning segregation on railroads and buses. It also called for a federal law punishing lynching. He issued executive orders ending segregation in the armed forces and prohibiting job discrimination in all government agencies. (2) Brown V. the Board of Education (1954): In 1954 the Supreme Court made one of the most important decisions in its long history. It decided in the case of Brown v. Board Of Education of Topeka that it was unconstitutional for states to maintain separate schools for African American and white children. This case over turned the "Separate but equal" doctrine established in the case of Plessy v. Ferguson back in 1896. (3) Montgomery Bus Boycott (1955): After the supreme court decided to end segregation, African Americans started to speak out more about their racial opinions. In Montgomery, Alabama, a bus boycott ended with a victory for the African Americans. The Supreme Court ruled that the Alabama segregation laws were unconstitutional. During the boycott a young African American Baptist minister, Martin Luther King, Jr. became well known. Throughout the long contest he advised African Americans to avoid violence no matter had badly provoked by whites. Rosa Parks tired of sitting in the back of the bus, and giving up her seat to white men. One weary day she refused to move from the front of the bus, and she became one of history's heroes in the Civil Rights Act movement. (4) The Civil Rights Act: In 1964 congress passed a Civil Rights Act prohibiting racial discrimination in restaurants, theaters, hotels, hospitals, and public facilities of all sorts. This civil rights act also made it easier and safer for Southern Blacks to register and vote. Laws were passed to help poor people improve their ability to earn money, a program to give extra help to children at risk even before they were old enough to go to school, and a program to train school dropouts. (5) The Great Society: These actions were very popular. Johnson easily won the 1964 presidential election and then proposed what he called the Great Society program. This was Johnson's plan. He would work to improve the lives of all people, but especially the poor and the powerless. Programs were aimed at helping every segment in society. The Civil Rights in the 1950's and 60's :: American America History The Civil Rights in the 1950's and 60's (1) Trumans civil rights committee: In 1947 Trumans Civil Rights Committee recommended laws protecting the right of African Americans to vote and banning segregation on railroads and buses. It also called for a federal law punishing lynching. He issued executive orders ending segregation in the armed forces and prohibiting job discrimination in all government agencies. (2) Brown V. the Board of Education (1954): In 1954 the Supreme Court made one of the most important decisions in its long history. It decided in the case of Brown v. Board Of Education of Topeka that it was unconstitutional for states to maintain separate schools for African American and white children. This case over turned the "Separate but equal" doctrine established in the case of Plessy v. Ferguson back in 1896. (3) Montgomery Bus Boycott (1955): After the supreme court decided to end segregation, African Americans started to speak out more about their racial opinions. In Montgomery, Alabama, a bus boycott ended with a victory for the African Americans. The Supreme Court ruled that the Alabama segregation laws were unconstitutional. During the boycott a young African American Baptist minister, Martin Luther King, Jr. became well known. Throughout the long contest he advised African Americans to avoid violence no matter had badly provoked by whites. Rosa Parks tired of sitting in the back of the bus, and giving up her seat to white men. One weary day she refused to move from the front of the bus, and she became one of history's heroes in the Civil Rights Act movement. (4) The Civil Rights Act: In 1964 congress passed a Civil Rights Act prohibiting racial discrimination in restaurants, theaters, hotels, hospitals, and public facilities of all sorts. This civil rights act also made it easier and safer for Southern Blacks to register and vote. Laws were passed to help poor people improve their ability to earn money, a program to give extra help to children at risk even before they were old enough to go to school, and a program to train school dropouts. (5) The Great Society: These actions were very popular. Johnson easily won the 1964 presidential election and then proposed what he called the Great Society program. This was Johnson's plan. He would work to improve the lives of all people, but especially the poor and the powerless. Programs were aimed at helping every segment in society.

Review of Research Paper on Parkinsons Disease Treatment

Abstract Attempts to cure or slow down the progression of Parkinson’s disease have largely failed; researchers in this paper maintain this is obviously a direct result of the lack of insight into the pathogenesis of the disease. Parkinson’s disease is the product of the deaths of a number of dopaminergic (dopamine-secreting) neurons in the substantia nigra pars compacta region (SNc) of the brain. But what causes these deaths? In the paper â€Å"‘Rejuvenation’ protects neurons in mouse models of Parkinson’s disease,† Chen and researchers find that older neurons in the SNc are unusually reliant on calcium channels and that after blocking these channels, the cells are â€Å"rejuvenated† and begin acting like their juvenile counterparts; as a result, these cells become protected from Parkinson’s disease. Their research, thus, points not only to a possible cause of neuronal death in PD but also to a possible means of curing the disease. Causes / Risk Factors †¢ Genetics 15-25% of people who have the disease have a parent with the disease. Having a parent with the disease increases a persons risk by 3 fold. There has not been enough research done on the genetic causes of Parkinson’s Disease to say for a fact that they are directly correlated. When more research is done there may be more strong evidence, but it could go the complete other way as well. The Human Genome project should open many doors with the research of this disease once the funding is sufficient. †¢ Environmental factors According to the Parkinson’s Disease Foundation, â€Å"Epidemiological research has identified several factors that may be linked to PD, including rural living, well water, herbicide use and exposure to pesticides.† They also state that a narc... ....org/AboutPD/causes.cfm> Mayo Clinic Staff, "Parkinsons Disease." Nervous System. 12 004 2007. Mayo Clinic. 1 Nov 2007 . Melanie, Brandabur. "Complementary and Alternative Medicine and Parkinson Disease." National Parkinson Foundation. 1 Nov 2007 . â€Å"Parkinson’s Disease.† MayoClinic.com. 12 April 2007. Mayo Foundation for Medical Education and Research. 15 Nov. 2007. . â€Å"Parkinson’s Disease." Wikipedia: The Free Encyclopedia. 9 Nov. 2007. Wikimedia Foundation, Inc. 15 Nov. 2007. . "What Causes Parkinson's Disease." 2007. Parkinson's Disease Foundation. 1 Nov 2007 .

Organic Chemis

CHEMISTRY HIGHER lEvEl PaPER 2 Monday 18 May 2009 (afternoon) 2 hours 15 minutes INSTRUCTIONS TO CANDIDATES Write your session number in the boxes above. Do not open this examination paper until instructed to do so. Section A: answer all of Section A in the spaces provided. Section B: answer two questions from Section B. Write your answers on answer sheets. Write your session number on each answer sheet, and attach them to this examination paper and your cover sheet using the tag provided. At the end of the examination, indicate the numbers of the questions answered in the candidate box on your cover sheet and indicate the number of sheets used in the appropriate box on your cover sheet. †¢ †¢ †¢ †¢ Candidate session number 0 0 2209-6108 19 pages  © International Baccalaureate Organization 2009 0119 –2– Section a Answer all the questions in the spaces provided. 1. M09/4/CHEMI/HP2/ENG/TZ1/XX+ Biodiesel makes use of plants’ ability to fix atmo spheric carbon by photosynthesis. Many companies and individuals are now using biodiesel as a fuel in order to reduce their carbon footprint.Biodiesel can be synthesized from vegetable oil according to the followingreaction. O H C O C R O H C O C R (l)+ 3CH3OH(l) O H C O C R H H H NaOH(s) H C OH H C OH (l)+3 CH3 H C OH H O O C R (l) vegetableoil (a) methanol glycerol biodiesel [1] Identifytheorganicfunctionalgrouppresentinbothvegetableoilandbiodiesel. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. (b) For part of her extended essay investigation into the efficiency of the process, a student reacted a pure sample of a vegetable oil (where R=C17H33) with methanol. Therawdatarecordedforthereactionisbelow. Massofoil = 1013. g Massofmethanol = 200. 0g Massofsodiumhydroxide = 3. 5g Massofbiodieselproduced= 811. 0g Therelativemolecularmassoftheoilusedbythestudentis885. 6. Ca lculatetheamount (inmoles)oftheoilandthemethanolused,andhencetheamount(inmoles)ofexcess [3] methanol.

Cultural Anthropology Comparison Essay Essay

Two authors published separate articles that discussed the effects of Technology on families and on society in general. These articles are Technology and Social Change: The Effects on Family and Community, written by Jan English-Lueck in 1998 and Communication technologies that will change our lives, written by Graham T. T. Monitor in 2003. However, while both authors discussed the same topic, which is how technology generally affects the lives of people, they differ in the areas that they focused on in their respective articles. Basically, English-Lueck, in his article, claimed that technology has not actually adversely affected the way family members communicate among each other, but has rather enhanced it. According to him, the most significant and most obvious impact of technology on a family is that a person’s working hours extend to his or her work home. In other words, a due to the massive enhancement of technology, a person brings his or her work home when he or she should be allocating that time for his or her family. Based on English-Lueck’s article, while this can initially be viewed as a negative impact, the fact is, technology has actually efficiently improved the way family members communicate among each other. For example, a family camping trip can easily be planned in a single afternoon through the use of a pager or an E-mail as compared to the conventional method of planning it over dinner. Moreover, according to the article, family members who spend most of their time at work can regularly check if their children by paging them or calling them using a cellphone. In addition, a person can respond to emergency duties at work through by using a fax machine. In other words, English-Lueck in his article claims that it is wrong to assume that products of technology has negatively affected the family life since it they have actually made communication between members more convenient and more constant. On the other hand, Graham T. T. Monitor’s article focused on how rapid technology has been increasing over the past years and how this has lead to breaking down barriers in communication. Basically, Monitor said that due to constant technological advancements, which he believes will soon match the speed and power of the human brain, the society and families, both young and old, can easily access all types of digital communication devices that can enable them to communicate among themselves anywhere and anytime. According to him, this is possibly the most important effect on the family because it bridges the distance between family members or kin that are far away from each other. In other words, Monitor claims that the technology is improving so rapidly that people would never have to worry about communication problems. In short, both authors claim that while technological advancements can initially appear overwhelming, it should not adversely affect the way families live their lives but rather improve it. According to them, as technology improves, families should adapt to these new changes and use them to their advantage. Furthermore, both English-Lueck and Montior agreed in principle that these technological enhancements make work, family management, and, most of all, communication more efficient and that these technological trends will continue in the future.

Debt in Australia, Monetary Policy Essay

Introduction It is imperative that the Australian households’ debt have noticeably risen over the past two decades, and is currently rated high according to international standards. The sharp increase in housing debt has been the reason for the rise in the household debt. Increased availability of housing finance, strong demand for debt from investors, and lower interest rates are the main drivers of the rising housing debt. The households’ net worth and servicing ratios will be discussed in this paper as the impacts on the higher household debt levels. The impacts of the instability in global capital markets will be discussed in this paper in relation to the housing finance market in Australia. Lastly, the implications of the rising household debt will be discussed in relation to the financial stability and monetary policy. Trends in household debt It is important to note that Australian households had a fairly stable ratio of debt to disposable income at approximately 45% during the 1980s. However, rapid rise in the ratio of debt to disposable income was recorded since 1990, with it reaching optimum of 157% in December 2007. The bulk of the increase was accounted for by the housing debt, that is, over the period, the ratio of the housing debt to disposable income rose to 134% from 31%. It was also recorded over the same period, a rise in the ratio of personal debt to disposable income to 22% from 13%. A sharp rise in the ratio of debts to assets was recorded at 17% in December 2007, from 8% in December 1989 (Wilkins & Wooden, 2009). A sharp rise in household indebtedness in a number of advanced economies has been witnessed over the last two decades. It is however, noted that the increase in household debt in Australia is pronounced. The Australia’s ratio in household debt to income was recorded as the highest in December 2007 despite Australia recording as one of the countries with the household debt lowest ratio to disposable income among advanced economies in the late 1980s. It is also imperative to point out that among advanced economies; Australia rose from the bottom position to the middle number in terms of the ratio of household debt to assets over the same period (Berry & Dalton, 2009). Housing finance market Focus on the housing finance market is emphasized in this paper because the housing debt in households’ total debt is dominant. An average of 15% in the annual growth in housing debt was recorded since 1990. In the periods, 1988-1989, 1994, and 2002-2004 strong growth in housing debt was recorded. This strong growth in the growth in housing debt was faster than the growth in the disposable income of households over the same period that stood at an average of 6% only (Berry & Dalton, 2009). Significant growth in house prices accompanied the sharp increase in the housing debt. Over the period 1987 and 1988, the house prices doubled, however, during the first half of the 1990s the house prices drifted slowly higher, with the house prices doubling more between 1997 and late 2003. Continuous increase in aggregate house prices was recorded since late 2003; however, the trend varies markedly across the country, for instance, house prices in Perth increased strongly, while the house prices in Sydney decreased over time. The boom in resources supports the varied trends in house prices across the country (Berry & Dalton, 2009). A number of factors accounts to the rising house debt in Australia over the past years, with lower interest rates accounting for high borrowing by the households whenever they take their housing loan out. This trend has been responsible for the rise in the average size of new loans, which results into the rise in the average size of outstanding loans over time. The availability of housing finance has resulted into the rise in the capacity of households to borrow finances (Wilkins & Wooden, 2009). Financial health of households It is noted that the historic sharp increase in the Australia’s disposable income in December 2007 was accounted by the strong rise in the housing debt in Australia over the past fifteen years. It was however, pointed out that only a few households had difficulties in repaying their debt obligations, despite the historic sharp increase in the housing debt in December 2007 (Berry & Dalton, 2009). Impact of the turbulence in global capital market It is significant to note that the housing finance market in Australia has suffered greatly as a result of the global capital markets’ turbulence. This is because half of the total funding for financial institutions in Australia is accounted for by the deposits. The foreign and domestic capital markets the balance in the Australian financial institutions. There has been significant rise in the mortgage rates, and significant change in the markets shares from lenders, due to this, there is limited restriction to the overall supply of housing finance (Berry & Dalton, 2009). Significant reduction in some forms of capital market funding as well as significant rise in the most of the forms of capital market funding have resulted from the turbulence in the financial market. It is however, noted that the impact of the financial market turbulence have been felt in a number of securitization markets. Securitization markets over the past decade or so, have established itself into as a significant source of funding for housing loans in Australia. In mid 2007 for example, outstanding securitization housing finance loans had accounted for 23% (Wilkins & Wooden, 2009). This was a significant rise from the mid 1990s 5% housing finance loans that were securitized. A number of loans from mortgage originators were being securitized. Institutions like credit union, regional banks, and building societies had adopted securitization of their loans since it was a cost effective way of wholesale funding (Wilkins & Wooden, 2009). The onset of the global financial turbulence in July 2007, led to significant close of the securitization market. There were significant rise prime residential mortgage-backed securities (RMBS) to 75 basis points in December 2007 from approximately 15 basis points in mid-2007. It is imperative to point out that Australia’s Residential Mortgage-Backed Securities (RMBS) accounted for the issuance of a number of Australian Asset-backed Securities (ABS) that extends on AAA-rated senior tranches (Berry & Dalton, 2009). There was significant spread in the subordinated AAA-rated tranches that increased to approximately 110 basis points from approximately 20 basis points. It is significant to point out that despite the sharp increase in the spreads, investors in Australia has never encountered losses on rated Australian RMBS, coupled with the housing market in Australia remaining healthy. The investors have become more concerned with the product itself, as discounts are attached to all the sales of securitized products. The selling of residential mortgage-backed securities (RMBS) by several structured investment vehicles (SIVs) has also created excess supply in the secondary market (Berry & Dalton, 2009). Implications for financial stability and monetary policy It significant to point out the access to credit by the household sector has greatly increased courtesy of financial innovation and deregulation. The households in Australia have become more comfortable to take loans owing to the ongoing strong performance of the economy (Berry & Dalton, 2009). Â  The balance sheets of households have remained in good health despite the significant rise in the household debt; this has resulted into significant rise in asset-value capable of offsetting the rise in debt. It is also significant to note that macroeconomic conditions in the economy are also favorable. Â   References Berry, M., & Dalton, T. (2009). Mortgage default in Australia nature, causes and social and economic impacts. Melbourne: AHURI. Wilkins, R., & Wooden, M. (2009). Household Debt In Australia: The Looming Crisis That Isn’t. Australian Economic Review , 42(3), 358-366. Â   Â  

Realism in Sweat Essay

In Zora Neale Hurston’s short story â€Å"Sweat† the author uses rhythm and repetition to shape her theme of survival and empowerment by simulating labored and conscious footsteps, rhythmic pounding of sledge hammers along a chain gang, and the loud beats of an anxious and overworked heart. This rhythm and repetition builds tension as Delia, the protagonist, finds within herself the strength necessary to survive and overcome the abuse with which she lives, and eventually conquering her abusive husband, Sykes, by allowing a snake’s venom to take over his blood stream, killing him. The rhythm and repetition found in the short story â€Å"Sweat† simulate the echoes of someone repeating to herself the motivational words necessary to her survival. It is the author’s use of rhythm and repetition that create detailed characters, plausible events, and the comprehensive and complex detail of banal activities of everyday life representative of realism in literature. In â€Å"Sweat,† Hurston tells the story of Delia, a middle-aged, black woman who works very hard washing clothes for white people to support her cheating, unemployed husband, Sykes, who continually berates her during bouts of physical abuse. Hurston uses accents in her rhythm to accurately and realistically simulate the sounds and actions of a washer woman bringing to life the torturous and necessary day to day activities of Delia. According to Kennedy, readers â€Å"favor a stressed syllable with a little more breath and emphasis† (429), and the author uses this technique to simulate in detail Delia’s mind and heart. True to the realism movement, Delia describes her life as, â€Å"Work and sweat, cry and sweat, pray and sweat† (233), as she works to grow beyond the poverty of her past. In reading this, one can hear Delia’s feet drag and pound, drag and pound, drag and pound. The author’s attention to detail allows the reader to hear and feel both rhythm and repetition with these phrases consisting of three words, each word being one syllable, and each phrase ending with, â€Å"and sweat. It is both the fact that Delia speaks to herself, as well as the words she uses, that inform the reader that Delia is pushing herself through the plausible life of a post Civil War washer woman in hopes for something better, and at the same time fighting for her survival. With the words â€Å"work† and â€Å"pray† the reader learns that the story’s protagonist is fighting for survival, hoping for survival, and begging her God for the assistance necessary for her survival . Delia’s life is one of begrudging hard work necessary for survival. When reading Delia’s words to her selfish husband, â€Å"Sweat, sweat, sweat† (233), the reader pictures the swinging sledgehammer of a southern slave sweating through life as he works endlessly in the heat of the sun. It is the rhythm of her words that allows the reader to envision an enslaved man swing the hammer back, up and over his head, and then come crashing down as the business end of the heavy tool connects with the rock at the very instant the reader hears Delia say, â€Å"Sweat. Despite the abolition of slavery, Delia’s life is one of servitude. Her master is Sykes. Her sledge hammer is â€Å"her knotty, muscled limbs, her harsh knuckly hands† (234). The reader feels the anxious dread of Delia as she works day in and day out at a hideous, painstaking job in order to earn the money necessary to feed herself and her husband, as she knows that the reality of her life is that she is the only person on whom she can depend to prevent her from becomin g homeless and/or dying from starvation. One begins to wonder how Delia survives the torment and abuse she receives from her husband, but she does. Delia accepts the abuse, and it strengthens her. The reader can feel and hear the rhythmic, â€Å"duh DUM, duh DUM, duh DUM,† pattern of Delia’s heart beat stronger and stronger in the author’s words, â€Å"Her tears, her sweat, her blood† (234). Her heart is tired. Her heart is overworked. Delia knows this. She feels this. She wants it to end. She works hard, and like other muscles, her heart gets stronger as it works. Delia continues to work her mind and body as endures the long, hard hours of work, as well as the physical and mental abuse of her husband. She will not succumb to the endless pain and suffering. The reader knows she is fighting in that she cries and works. One who is going to give into difficulty does not continue to work. Instead a person who wishes to give in lies down to die. Delia wants to survive. She fights for her survival everyday as she works, bleeds, cries, prays, and sweats. It is this drive to overcome that motivates Delia to continue existing in a Hell she hopes to someday escape. Hurston uses rhythm and repetition to create realistic details of the life of Delia as she shapes the theme of empowerment and survival in her short story â€Å"Sweat. † The author describes in detail the back breaking day to day reality of a Post Civil War woman as she strives with every ounce of her being to overcome the poverty of her past, and escape the bonds of slavery held by her husband.

Assignment Example | Topics and Well Written Essays - 750 words - 57

Assignment Example Choosing the above vehicle was motivated by several psychological impacts that the vehicle portrays. As buying behaviors under consumer psychology illustrate, a stylish brand that offers performance and comfort has a powerful psychological appeal to the consumer (Kardes, Cronley and Thomas, 37). Such a powerful appeal portrayed the vehicle as the right brand that offers value for money, performance and status in the market. A unique brand has to have performance, style and fashion. Personally, one lesson that had been learned was that any brand of vehicle purchased has to offer the best possible mix of the three attributes at the best cost possible. The vehicle portrayed self-confidence, adaptability and authority, necessary attributes in defining the utility function and satisfaction level of a consumer (Kardes, Cronley and Thomas, 201). As a role model in the society, there is a need to stand out from the rest in choosing the vehicle to use. Some family members owned the vehicle model and recommended it as one of the best performers compared to its range of vehicles. In addition, considering my job, having a vehicle with a stylish structure compared to the rest wields significant social power; the vehicle fits perfectly in my social class. The vehicle fits perfectly in the class and cultural needs of the middle class customers. Marketers segment the market into small units and offer products according to the needs of such segmented market (Kardes, Cronley and Thomas, 37). As such, marketers have realized that, in middle class, people look for class and style while still considering the overall cost of the vehicle. As such, Lexus RX fits directly into the social class and the market needs in this segment due to its versatility. The buying habits have changed considerably with time. Over the time, most appealing product has been the leading brands in the

Germany and the Germans Essay Example | Topics and Well Written Essays - 1000 words - 1

Germany and the Germans - Essay Example This course was filled with a lot of interesting and new information about Germany and the Germans, which changed and enlarged my knowledge about Germany. However, there were no real surprises for me, instead, it felt as if my view on Germany and the Germany has finally been completed. There are a couple of themes and subjects that I think I might pursue in my future. For instance, we have learnt a lot about German culture, German poets and German thinkers, and I would like to explore this area further. It was interesting to learn about Johann Wolfgang von Goethe and his impact on German culture, however, I would like to explore the current culture in Germany, especially the popular culture. Therefore, I decided to listen to some online German radio stations and to look up German songs on youtube. Finally, I want to pursue German history and culture even further, and the best way of doing so is probably to travel to Germany. The most important thing that I have learnt from taking thi s class is that I should never rely on stereotypes. It is absolutely important to always stay open minded for additional information. Although there is some truth to stereotypes, simply because they reflect, to some extent, a certain general characteristic, it is important to not be held back by those stereotypes. In addition, it is not only vital to look beyond existing stereotypes but to also look beyond and even question additional information and knowledge one might think to have.

IMC and Customer Satisfaction Essay Example | Topics and Well Written Essays - 1000 words

IMC and Customer Satisfaction - Essay Example Guided by the company’s culture of ensuring that customers look trendy thus keeping up with fashion, we will go deeper in establishing and maintaining a closer and an in depth touch with our clientele and referrals. We are intending to incorporate the following personal marketing means: Email marketing whereby we shall be sending emails to our customers on a weekly basis informing them of new products and designs in them. We are also planning to use our clientele phone database to reach them through short messaging services. To reach referrals in places that we have not yet set our distribution and retail outlets, we are planning to use search engine optimization and search engine marketing once we develop our company’s website. In mean time, we are outsourcing content marketing with social media likes of face book, youtube, instagram and Olx. This is in line with our advertising strategy of marketing mix which much influenced by distribution costs, the type of marketin g that we intend to use and the financial status of the company at the moment. With the product strategy we intend to have pictorial captions of all the products and design in stock and post them in the social media. ... This has been eased by our market survey which weighed in the income levels and distribution of our target market. This will not only guide us in pricing but also in product distribution and innovations on our designs to meet the market needs and minimize unnecessary losses. For the place strategy, our advisements are customized to meet different towns’ environmental, social, economic and cultural backgrounds. This will rule out the inconvenience of finding the advertised product in form that does not meet your cultural background and the price tag not meeting your financial capabilities. This is intended to maximize online search and ease decision making buy clients and referrals. For the promotional section, this strategy will locate the loss making markets in our distribution chains and come up with appropriate sales or discounting promotional strategies (Bradley, 2010p33). Question 2: Determine how the effectiveness of the advertising will be measured. To achieve companyâ €™s projected revenue growth of 40% and profits margin of 50% requires effective advertising and marketing. The success of these strategies will be measured by the orders and sales the company will close in the span of ten years. Alternatively the company also intends to apply the crowd sourcing strategy to ascertain consumer’s levels of satisfaction with commodities bought, future expectations of brand development and what features they want with the new products in the market. The electronic payment system that the company intends to produce will also provide the basis for the crowd sourcing. This strategy will be achieved by customer responses in our personalized marketing strategy of emails and short messaging services to the clients. Further interactions with clients on social

Assignment2 person2 Assignment Example | Topics and Well Written Essays - 2000 words

Assignment2 person2 - Assignment Example The above agencies are assisted by the Association des Hoteliers et Restaurateurs de li’lle Maurice, which is a non profitable organization established in 1973 to represent and sponsor the interests of hoteliers and restaurant owners (International Travel and Tourism, 2012). Various natural attractions form the pride of Mauritius tourist business. They vary from man-made features, beaches, interesting fauna and flora, to the culture of the indigenous people. The sub – tropical climate is also exceptionally fine for holiday seekers. Five star beach resorts and hotels that offer top class accommodation services to visitors facilitate these attractions. The hotels and resorts are renowned for being among the best in the world in reliability (Reid & Bojanic 2006, p. 209 Mauritius has taken approximately 30 years to develop from a low-income country to a medium income country. The country started with an economy that heavily relied on agriculture but currently, the economy r elies on several strong sectors. The economy was dependent on agricultural products such as sugar and textile products. A decline in the world sugar market and the dwindling textile industry prompted the government to explore other avenues including the expansion of the tourism industry. ... Statistics from the International Travel and Tourism organization (2012) indicate that Mauritius received 18,000 visitors in the year 1970. The figure has then risen to 103,000 in the year 1977 and subsequently to an approximate figure of 656,450 visitors in the year 2000. Most of the tourists visiting Mauritius come from European countries. However due to the economic downturn experienced in 2011 especially in Europe, the government was forced to act by searching for alternative markets. Statistics from the International Travel and Tourism (2012) also indicated that Mauritius received 964,642 tourists in the year 2011 that was low compared to 965,642 visitors in the year 2012. In the year 2012, the market was slightly improving. The first course of action that the government took in 2011 was to provide direct fights to Africa and Asia. The two regions boosted the country at a time when travelers from the other regions were adversely affected by the global economic crisis. The Maurit ius government has been busy developing new strategies to compete in the tourism market. This includes the recent action plan dubbed the â€Å"opening of the sky†, which is aimed at improving the local tourism industry. The strategy puts emphasis on the development of new markets. To get new markets, the government will have to forge relationships with new countries and market their products in the new countries i.e. new countries represent potential markets. The authorities will also have to seek new client profiles (Mehta, Rosenbloom & Anderson 2000, p. 77). Future of Tourism in Mauritius The government has also put emphasis on the construction of new facilities such as hotels to accommodate the increasing

Philosophy Essay Example | Topics and Well Written Essays - 1500 words - 9

Philosophy - Essay Example Accordingly, in order to attain a happy life, people should avoid the primary sources of unhappiness which are the fear of death and the fear of gods. According to Epicurus, fear of death and fear of the gods are the chief sources of unhappiness in life. The definition of unhappiness seems to be simple though and that is the absence of happiness. But, for Epicurus, Happiness is the outcome pleasure. Basically pleasure is good and pain is bad. The absence of pain in the body and trouble in the soul can describe pleasure. Gods do not really castigate humans nor reward which makes sense in thinking that a happy life comprises of being free from the fear of gods and death (Boeree, 2000). A tranquil life, coined as ‘ataraxia’ and ‘aponia’, significantly means being free from fear and not experiencing pain. â€Å"Ataraxia† is like the real happiness of a person and surpassing the material world who embraces the principles of philosophy. And ‘aponia’ caters to the belief that happiness is the main goal of the human life. The two terms is apparent to a tranquil life where trouble in the soul c an be taken away as well as the inhibition of physical pain. Pleasure is good and this state can be maximized through the absence of pain in physical and mental senses. For Epicurus, fear of gods and fear of death are the primary sources of unhappiness that greatly affect the views of a person. Some people choose pain over pleasure because of thinking that this might lead to a greater pleasure. Epicurus insists that living a quiet and private life could be the best in order to live a happy life (Epicurus, 2000). This is because he rejects the popular perspective of the time. Pointless or the unnecessary desire can cause mental disquiet which should be avoided. Accordingly, human should look into the desires in different perspectives like the natural ones and the unjustified ones. Thus, specific grounds for happiness or achieving the necessary desires should be

Comparison between Russian and German Revolutions Essay

Comparison between Russian and German Revolutions - Essay Example However, both of the events lasted for very few years only and ended in fiasco eventually without achieving the targets and goals on the foundations of which the revolts had been raised by the revolutionaries. The following lines aim to discuss the chronicle of incidents leading towards the revolution along with the aftermath of these great events of the world history. The Paper Russian Revolution: Aptly stated as the Bolshevik or October Revolution 1917, the Russian revolution was actually the outcome of the prevailing despotism, nepotism, poverty, social inequality and suppression of the haves-not at the hands of the haves in the early twentieth century Russia. Consequently, the revolution was entirely socialistic in nature that took place on the Marxist-Leninist principles of justice, freedom and equality. Hence, the revolution had essentially been planned and structured against the prevailing socioeconomic discrimination, injustices and inequalities under the imperialist Russian political structure. The despotism, according to the revolutionaries, had patronized the malpractices and exploitation of the deprived strata by the cruel elite stratum. Although the entire Europe had witnessed the same social scheme under despotic rulers, yet the improvements could be witnessed in the western and central parts of the continent after the advent of famous 18th century French Revolution. However, being a separate and farther zone of Europe, Russia could not witness any uplift in the socioeconomic lot of the masses, and her situation was almost similar to that of 18th century France. Consequently, poverty, slavery, serfdom and class discrimination existed in Russia at their full swing even after one and half century of the advent of Industrial Revolution of 1750. The Russian subjects were bound to lead the life of misery, deprivation and lawlessness under Czarsi, where the oily-tongued flatterer courtiers and opportunists like Rasputin and others could have access thro ugh unfair means and nasty activities. â€Å"Under pressure from richer Europe the Russian State swallowed up a far greater relative part of the people’s wealth than in the West, and thereby not only condemned the people to a twofold poverty, but also weakened the foundations of the possessing classes.† (Trotsky 1930, 3) 1 Marxist perspective also played an important part in accelerating the pace of revolution in Russia. Karl Marx (1817-1883) had presented his social conflict theory during the later part of nineteenth century, through which he had communicated to the downtrodden members of society the message of organized struggle for obtaining their rights on the foundations of the hard efforts they made while working in the agricultural fields as well as in industrial zones from dawn to dusk, against which they attainted almost nothing. Marx was of the opinion that the workers, laborers and peasants consumed considerable period of time and energies, but the industria lists and feudal enjoyed lion’s share in the profit of the product. Hence, there was urgent need of the revising of contract between the owners and workers in order to avoid bloody conflict between the two. If the contract freely entered into by the vendors of money in the form of wages and the vendors of their own labor that is, between the employer and the workers were concluded not for a definite and limited term only, but for one’

Leadership Essay Example | Topics and Well Written Essays - 250 words - 30

Leadership - Essay Example Although the leader retains his decision making power as an individual, yet he is supposed to interact with the subordinates and reach a general agreement with them for the creation of a learning culture in the organization. To create a culture of learning in my organization, I would promote teamwork. There is a lot that inexperienced employees can learn from the more experienced coworkers. Group integration, frequent communication and eradication of dysfunctional conflicts are the prime issues that need to be addressed before the culture of learning can be established and promoted. Once this is achieved, I shall organize opportunities of learning and development for my organization including workshops and on-the-job training. â€Å"If organizations can sense and respond to emerging opportunities, there is a good chance they will endure† (Conner and Clawson, 2005). On my part, I need to collaborate more with my subordinates and inculcate the sense of need for change in them so that they may overcome their differences and display optimal

Internet Banking in India Essay Example for Free

Internet Banking in India Essay The banking sector in India has undergone a rapid transformation. Almost a decade ago this area was limited to nationalized banks and cooperative. Then came the multinational banks, but were these limited to serve small elite.  One could consider the past as the Middle Ages in the banking sector, in which each branch of the same bank acted as independent information silo and multichannel banking (ATMs, Net Banking, tele-banking, etc) was almost nonexistent. The main reason for this first transformation is due to improved methods developed encryption security and Internet. The second reason is that banks do not want to lose a potential market share for banks that are quick to offer their Internet services. The objective of this research is just comparing the modern era banking system with the old one. The evolution of modern banking technology began with the use of advanced machines shipping Ledger (ALPM) in the 1980s. The Reserve Bank of India, which is a central policy under which several public sector banks, financial institutions, NBFCs etc. working in India had advised then all banks to go massive computerization branch level. Two options were raised i. e. either to automate the front office or office. Many banks opted for ALPM office automation in the first phase. Banks as State Bank of India, a public sector commercial bank, focused on automating back office in branch level. The Rangarajan Committee 1985 report said the banks had to get computerized. The second wave of development called for Total Bank Automation (TBA) in late 1980. This automated both the front-end and back-end operations within the same branch. TBA compound total automation of a particular branch with its own database. In the third wave, the new private sector banks entered the field. These banks have opted for a different model of having one central database instead of having multiple databases for all branches. This was possible thanks to the availability of good network infrastructure. In the beginning of the 1990s, the cost of the leased line goes down. The DoT was expanding its capacity and new technologies were being implemented. Earlier, banks were unsure of directing the whole operation through a single data center. However, when a couple of private sector banks implemented efficiently, other banks began to show interest, and also began consolidating their databases in a single database [8]. Banks follow this movement by choosing appropriate application software that supports centralized operations. The fourth wave began with the evolution of ATM delivery channel. This was the first stage of training the client for their own transactions. The second stage was Suvidha experiment in the city of Bangalore in India. This showed the power of technology and how the scope can be increased at a rate unusually large. Seeing this, all banks began to renew their retail distribution channels. Their main focus became the number of customers they can service at a lower cost. The main channels are chains such as Internet banking and mobile banking. After this came alliances for payment through different gateways. The third major event happening now is the real time gross settlement system of the RBI. Once this is in place, transactions between banks can be done through the settlement system, online, electronically. So collections will become very fast. Within five years, most transactional services are provided by way of the Internet. Net-based banking takes only 10 percent of the operating costs of conventional banking practices and services. Because banks will play a key role in terms of public services related to electronic money transactions we feel that cooperative banks NET-Banking should consider in a big way. A cost comparison study by IBM Global Services Consulting Group clearly shows the advantage of using Internet for banking services through another Traditional media. The opening of the Indian banking sector to private players acted as a turning point for the transformation. De-regulation efforts led many financial institutions (such as HDFC and ICICI) and non-financial institutions entering the field of banking. With the entry of private players in retail banking and with multinationals focuses on individual consumers in a big way, the banking system experienced a change a phenomenal. Multi-channel banking gained importance. For the first time consumers have the option conducting transactions in either the traditional way (through the bank branch), through ATMs, by phone or through the network. Technology played a key role in providing this multi-platform service. Input private actors driven patterns combined with new nationalized banks forced to redefine their core banking strategy. And technology is central to this change. Internet Banking is the most effective means of banking. The bank customers changing relationships significantly, open standards replace property front ends, many-to-many substitution networks single line, links and traditional locking erosion, so that corporations enjoy lower switching costs. Corporations source worldwide and find the best cane. Corporate customers are free to disaggregate their corporate banking shopping, selecting the best genetics for every need, geographic and functionally, and the integrated use of front-end to manage the complexity of multiple vendors. Methodology: Let us now compare the IT journey of two of the leading banks of india i. e. Pnb and hdfc. Punjab National Bank Punjab National Bank (PNB), a public sector commercial bank, has come a long way since March 2000, when IT systems are deployed only 500-odd branches, and was very uneven. Only 35 percent of the bank business was computerized and a number of small software packages running on independent PCs. Now 2003, GNP had 101 branches in a WAN, deployed core banking infrastructure and network works 175 ATMs. It has also deployed a reliable security infrastructure that helps make transactions within its carefree branches. The journey does not end here, but along the way banks gathered valuable knowledge and experience. Some of the preconditions were that the RBI systems must be audited by an independent auditor, and an independent agency should carry authentic out penetration tests. The bank has already had their systems audited by an external agency, and penetration testing process is ongoing. In the process, GNP has developed the skills of its own staff to take charge of security on their own at a later stage. The bank also hire technically trained personnel to provide the necessary knowledge base. With the launch of Internet banking, the bank will also strengthen its security policies. A private sector bank had a centralized IP-based network right from its inception. All branches throughout the country converge at their respective location zonal center, which in turn connects to the data center Mumbai. Based on the nature of the entity and spoke network architecture, the branches are distributed in different regions and each position has an important regional center. Falling branches under a location connected to the hub in the main area. These hubs then connect to the central site (data center) using a combination of 2 Mbps tubes and 64 Kbps, depending on the total volume of transactions passing through. A highlight of HDFC Bank Network is the presence of two or more hubs in one place. Pre-Internet banking A security issue during the pre-Internet has more to do with the internal activities of a company. From the early days as technology solutions for banking applications mainframe, AS400 or Unix- had a lot of security built. Transactions that are directed from the branch to the main server is encrypted no individual passwords and many functions have two levels of authorization. Therefore safety banking largely integrated in the software or the application itself. Today banking in India is not limited to a branch. People have less time to devote to their banking and would like to make use of banking services through other channels. In a competitive market, where services offered command market share, banks are constantly competing for customers. Banking has become a process of choice and convenience. By offering different channels until banks have succeeded in divert their operations from one branch to other channels. The result has been a reduction in the cost per transaction at the branch. An average transaction costs about 100 rupees branch, at an ATM in question Rs. 0, and the Internet is around Rs. 20. But unfortunately a very small percentage of customers out not use the Internet Banking in India. This is due to factors such as low PC penetration, and penetration of Internet itself is low. At present only a few banks (eg HDFC, PNB, etc) have demonstrated the Internet initiative banking and have a strong advantage over other banks through a large number of customers still use ATMs. Typically 55 percent, on average, the operations of these banks are in the ATM, branch 30 percent, 8 percent Phone and 7 percent Internet. As with any new technology issue new face. There are a number of problems faced by these banks. One of the first problems is that of customer service. Banks need to create a whole new customer relations department to help customers. Banks need to ensure that customers receive help quickly if they need help. The major problems or disasters can destroy banks reputation quickly and easily. By showing the customer that the Internet is reliable they are able get the client can trust the online banking more and more. Besides these the first is the main concern of the laws. While Internet banking has no national or state borders, the law does. Companies will have to make sure you have the software in place that can detect when a law of a state to another is being violated. Security of course, is a big problem with banks. Along with security problems and manage cryptographic a bank also has to worry about becoming a far too cold for the customer. Some think the banks offering Internet banking services our increasingly cold and impersonal with customer. Despite the problems that exist however, are not as bad as you think. With encryption and security technology to improve in leaps and with banks and financial institutions are allowed to use 128-bit Internet banking is increasingly Code secure. The future of modern banking integration is, as people have less time for banking. My profile revealed that the banks that offer online banking services are rapidly becoming the choice of citizens in the urban areas. People want to process more transactions online. Soon there will be more activity in terms of applications and services on mobile. Geography is not an inhibitor more, since all can run on the network. Integration will become the next big thing in real. The customer will want a one-stop workshop that will take care of all your needs. For example people will want to buy their mutual funds, redeem his mutual funds, insurance policies buy, renew policies, and buy movie tickets, train tickets and numerous similar transactions through the bank. The ATM still serve as an effective means of dispensing, but the Internet and mobile will be very active. Banks that use the Internet banking have higher rates of return deposits and provide higher interest rates in general, and not have to deal with cashiers, branches, etc. and then in the times ahead and the actual Virtual banks will not dominate the future.