Leadership and Management Paper free essay sample

â€Å"Finest Touch† Event Specialist Jennifer Bailey Leadership and Management OM †3503 Matthew Brown August 28, 2012 Introduction Jennifer’s â€Å"Finest Touch† Event Specialist is an organization that invests heavily in making your event unmistakable and one of a kind. We will probably give a hand crafted undertaking that fits the desires for the customer for that unique occasion. After talking about a thought of your fantasy vision for the afternoon, we will structure and organize an amazing setting that really mirrors your style and character. Our own counseling administration will work to convey an undertaking that will meet every one of your desires. Correspondence is the way in to our prosperity. Predictable connection with our customers is the way to guarantee that the occasion meets up easily. Our objective and statement of purpose is to ensure the entirety of our client’s thoughts and wishes are done so the day can be delighted in without limit. The motivation behind this paper is to characterize and reference subjects that were educated in the Leadership and Management class OM3503 and clarify how they can be used to construct a fruitful business. We will compose a custom paper test on Authority and Management Paper or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page WHAT IS LEADERSHIP? Authority is characterized as, an individual who manages or coordinates a gathering (Hersey, Blanchard amp; Johnson, 2008). To be an incredible pioneer there are sure characteristics that must be held. Instances of a portion of the aptitudes required are, being able to impact, see every circumstance, be legitimate and provide guidance in a positive way so as to amplify the best potential from your representatives. Utilize your employee’s qualities in a way that is generally useful for the organization. Recollect that individuals make the organization. An incredible pioneer gains as a matter of fact. Pioneers don't know it all. A significant apparatus to use is tuning in to your workers. Exploit information gave and ingest the data, use it for your potential benefit. An incredible way of thinking is that there are no idiotic inquiries. Assess each circumstance and settle on the choice and if an error is made, use it as a learning apparatus. What kind of authority is required for this particular business? L = f (l, f, s) The condition for initiative is L = f (l, f, s) (Hersey, Blanchard amp; Johnson, 2008). In interpretation, administration is an element of the pioneer, the devotee and other situational factors. There are various attributes that are required in building an effective business in being an occasion master. The objective of the business is to give a pleasurable, critical experience and if there are negative audits the notoriety of the organization is in danger. Notoriety in this kind of business is a significant factor in being effective. It is a profoundly serious market and so as to be truly outstanding, the administration gave must be the very pinnacle of value. Representatives must be driven in a composed way so as to get the occasion satisfied with no significant issues or difficulties. Meeting or surpassing the desires for the customer the occasion is intended for is the central point in turning out to be and keeping up a fruitful business. Hypothesis â€Å"X† versus Hypothesis â€Å"Y† The â€Å"X† and â€Å"Y† speculations both become possibly the most important factor in this kind of business. The situational request of the particular condition is a factor in deciding the sort of authority approach that is required. Hypothesis â€Å"X† is characterized as a dictator head. This sort of authority is required for controlling workers. The spotlight must be put on the job that needs to be done. There is extraordinary detail that must be fulfilled all together for the occasion to fruitful. The accentuation on association is significant. Required duties must be characterized to every worker. The desire for what the worker is liable for, when it is normal and how their undertakings are cultivated must be conveyed to every representative. Steady and viable administration is required. Consistency between the pioneer and the representative upgrades the learning capacity of the worker to turn into the best he/she can be. Viable authority will construct the certainty of the worker and in the long run he/she will have the option to play out the errands all alone with little direction from the business. Hypothesis â€Å"Y† is characterized as a popularity based pioneer who centers around the individuals or relationship. In the occasion arranging business this component is significant for speaking with the client. Relationship building abilities are an absolute necessity. The relationship constructed is a type of trust that the client is putting on you to offer the assistance. Trust isn't just significant for the client however is significant when managing sellers, for example, picture takers, food providers, lodgings, rental lobbies, performers and so forth. The relationship should be manufactured and kept up so the merchants will work with your organization on future commitment. When this is created with the sellers, the merchant gets comfortable with your desires. The capacity to impart is set up and the desires are handily passed on. Situational Leadership Task Behavior versus Relationship Behavior Both errand conduct and relationship conduct are significant parts in building up a worthwhile occasion arranging business. Errand conduct is one route correspondence between the pioneer and the devotee (Hersey, Blanchard amp; Johnson, 2008). The obligations must be characterized so the worker will comprehend what is anticipated from him/her. In the event that the errands are not characterized the representative is set up to come up short. Correspondence is a basic piece of getting the representative to turn into the best he/she can be. Positive correspondence engages the worker to give all they have and manufactures the regard that is should have been their best. On the off chance that the worker has practically no information on what is anticipated from them the booked occasion could turn into a catastrophe. Relationship conduct is the pioneer taking an interest in two-manner or multi-way correspondence. (Hersey, Blanchard amp; Johnson, 2008). Building a relationship with a worker through tuning in, encouraging and giving a clarification on why something must be done a specific way enables the representative to comprehend why he is acting in the manner to get the ideal outcome. Relationship conduct offers bolster which constructs the certainty level of the representative. S1-S4, R1-R4 There is no set rule on what is the most ideal approach to move individuals. The authority style utilized ought to be dependent upon the degree of competency the worker has with respect to the assignment that he/she is required to deal with. There are four fundamental administration styles. Style 1 (S1) is required when you have a R1 representative (characterized as a worker who can't, unreliable and reluctant to do the necessary assignment). S1 initiative is a high errand/low relationship. The correspondence is one way and mandates are given to the representative. Close oversight is required. There isn't a lot of room in the occasion arranging business for this kind of representative. The pioneer doesn't have the opportunity to contribute except if there is potential to manufacture the certainty and disposition of the worker and change them from a RI type to a R2 or above. Style 2 (S2) is required when you have a R2 representative (characterized as a worker who can't however sure or willing). S2 initiative is a high undertaking/high relationship. Through two-path correspondence as the pioneer settles on the choices that the representative can follow. The pioneer needs to give applaud and continually assess the representative to check whether they comprehend what is normal. This sort of representative can turn into an incredible worker if the capacity to keep up the information exists. Style 3 (S3) is required when you have a R3 worker (characterized as a representative who is capable yet is shaky or reluctant). S3 authority is high relationship/low errand relationship. The authority supports input, tunes in, let’s the representative settle on choices and gives positive remarks when the errand is finished without any issues and when issues happen this initiative aptitude gives helpful analysis. This kind of worker merits putting resources into yet the key for the occasion arranging business is to transform them into a R4 representative. In the event that this kind of worker can't fabricate the certainty inside himself/herself they become a risk that the pioneer needs to look out for and there is no an ideal opportunity for that in the occasion arranging business. Style 4 (S4) is required when you have a R4 worker (characterized as a representative who is capable, certain and willing). S4 authority is low relationship/low assignment. The worker can comprehend what should be done and next to zero management is required. This is the ideal representative and is an absolute necessity in the occasion arranging business. On the off chance that the business has the opportunity to put resources into request to turn a normal worker to an incredible representative they ought to do as such. The capacity to distinguish the requirements of the representative so as to increase fearlessness can be formed into an important resource for the organization. In the event that the representative can get a handle on the information passed on to them the business can form them to accommodate their particular needs. The board Who Carries the Monkey on Their Back in the Event Planning Business? In the event that the occasion arranging business is claimed secretly by a couple of people the monkey is carried on the rear of the proprietors. At last the proprietors are dependable if there is a disappointment. In the event that the business is possessed by a Corporation, at that point it is the administrator/pioneer accountable for the scene that is answerable for conveying the monkey. This is the place the significance of employing the perfect individuals for the activity and preparing is significant. Numerous assignments are continuing during the occasion and the executives must have certainty that their workers are satisfying their part of the point by point obligations that are required. Worth Added versus Non Value Added Value included and non-esteem included connection to the occasion arranging business. Individuals are happy to go through huge aggregates of cash to ha

Taking Middle School Kids Back to the Adventurous World of Literature Essay Example for Free

Taking Middle School Kids Back to the Adventurous World of Literature Essay The issue is that center school understudies in Texas don't rehearse recreation perusing making a shortfall in their perusing aptitudes as estimated by the National Center for Education Statistics. Texas understudies indicated an upsetting absence of progress in perusing on the Nation’s Report Card. In 2011, the normal score of eighth-grade understudies in Texas was 261. This was lower than the normal score of 264 for government funded school understudies in the country (National Center for Education Statistics, 2011). The reason for this audit of writing was to look at perusing intercessions to advance uplifting mentalities towards relaxation perusing. The need is to improve perusing abilities as pondered perusing scores the Nation’s Report Card. Understudies who don't set aside some effort to peruse will in general have poor understanding abilities and unfortunately numerous understudies in center school decide not to peruse. The change from rudimentary to center school has an effect to the student’s interests and leisure activities. Center school understudies read less because of time went through with peers, investment in sports exercises and other after-school exercises, and to a developing absence of enthusiasm for literary materials (Johnson, Mckenzie, Miranda Williams-Rossi, 2011). When the understudies quit rehearsing relaxation perusing, they begin battling with perusing. Studies affirm a decrease in perusing scores on government sanctioned tests, a decrease in perspectives towards perusing and a developing number of understudies who have great understanding capacities, however decide not to peruse (Rodriguez Lira, 1998). At the point when understudies quit rehearsing recreation perusing they quit practicing their jargon influencing their understanding cognizance. â€Å"The objective of appreciating text isn't effectively feasible for some youths, who show reliable and relentless troubles with perusing for comprehension. † (Vaughn, Klingner, Swanson, Boardman, Roberts, Mohammed, Stillman Spisak, 2011). As per rate and exactness scores, center school understudies have indicated a propensity in declining grades. One reason may be on the grounds that deciphering to perusing appreciation drops in pre-adulthood and more established understudies have all the more profoundly created methodologies that diminish their certainty on word distinguishing proof aptitudes (Reed, 2010). Center school understudies in Texas battle with their perusing abilities in light of the fact that the majority of them don't rehearse recreation perusing. Both subjective and quantitative examinations show an association between accomplishment in school and the measure of relaxation perusing understudies do (Allington McGill-Franzen, 2003; Krashen, 1993, as refered to in Hughes-TAKING KIDS BACK TO THE WORLD OF LITERATURE 2 Hassell Pradnya Rodge, 2007). The reason for this writing survey is to perceive the issue of understudies who decide not to peruse and locate a potential answer for spur them in dedicating recreation understanding time. There are a various of trial, quantitative, subjective, enlightening, correlational, and causal-near exploration contemplates done in the State of Texas and outside of Texas that have recognized this issue and accumulated information, significant data, and proposed mediations to make potential arrangements. As indicated by Knulst Kraaykamp (1998), relaxation perusing is the perusing understudies decide to accomplish for delight; is the perusing accomplished for a hubby or fun, it is a non-school recreational movement. Understudies in primary schools do rehearse recreation perusing, however once understudies get the chance to center school this training decays. For reasons unknown numerous understudies who are acceptable perusers essentially decide not to peruse (Beers, 1998). Understudies Do Not Comprehend What They Read One of the reasons understudies decide not to peruse it is because of the absence of perusing understanding creation them lose enthusiasm for writing. In the article â€Å"Understanding the Cause of Intermediate and Middle School Comprehension Problems†, the writers had the option to lead a subjective report by directing a causal-near exploration. They decided the reasons of center school understudies who battle with perusing is because of the absence of appreciation in explicit jargon information, foundation information, or a comprehension of subjects’ representations. They focused on understudies don't really comprehend the significance of words they can articulate (Palumbo Loiacono, 2009). In the wake of investigating their discoveries they portray information where it shows understudies in kinder nursery were more presented to story perusing than to perception abilities. They show that once the understudies get the chance to center school, it is currently the teacher’s errand to show understanding abilities, cognizance procedures, jargon, and the multifaceted issues of topic text by utilizing an assortment of exercises, supports, and frameworks (Palumbo Loiacono, 2009). As a potential arrangement, they recommend utilizing a procedure that has being utilized in the past since 1980 called Instructional Cloze (a story synopsis where each fifth word is erased to be filled in the clear so understudies can be occupied with topic information) to improve topic perception (Palumbo Loiacono, 2009). Returning KIDS TO THE WORLD OF LITERATURE 3 Many understudies don’t comprehend what they read, however cognizance isn't the main explanation they decide not to peruse for joy. Abilities Alone Do Not Produce Readers On the other hand, Beers, the writer of the article â€Å"Choosing Not to Read: Understanding Why Some Middle Schoolers Just Say No†, led a subjective examination and discovered that aptitudes alone don't deliver perusers. Perusing specialists perceive that a few understudies leave school with the capacity to peruse, however without the longing (Beers, 1998). Competency tests power numerous educators to figure they should concentrate more on perusing abilities than on understanding delight (Maracek ,1978, as refered to in Beers, 1998). As indicated by Beers, perusing can turn into an ideal movement or an unwanted one. One of the incredible fiascos of present-day training isn't so much that numerous understudies leave school unfit to peruse and to compose, however that others graduate disdaining perusing even with the capacities they may have. A portion of the reasons that demonstrates with respect to why understudies loathe perusing is an excessive amount of TV, too minimal parental displaying, and an excessive amount of accentuation on an abilities way to deal with perusing (Beers, 1998). So as to distinguish the diverse sort of perusers in center school, Beers accumulated information by leading meetings to hesitant perusing understudies with openended inquiries on perspectives towards perusing. After this, she gave illustrative information that shows qualities of uncertain, unmotivated and incompetent perusers. With this information, she had the option to see examples of reactions and comprehended understudies decide not to peruse for incredible number of reasons. Those examples helped her to arrange kinds of aliteracy (Beers, 1998). In the Merriam-Webster word reference, aliteracy is expressed as the quality or condition of having the option to peruse however uninterested in doing as such (programmer, 2012). Brews had the option to watched dedicated and latent perusers need to pick their own books, have instructors perused so anyone might hear a couple of pages, meet the writer, purchase books at a book reasonable, keep an understanding diary, go to the library, take an interest in board discusses, little gathering conversations or offer books with companions. While uncertain and unmotivated perusers would like to pick their own books from a limited decision, have instructor perused so anyone might hear whole book, contrast film with book, read outlined books, do workmanship exercises dependent on books, read true to life material, for example, comic, sports, drawing, vehicles, style, make-up magazines (Beers, 1998). Lagers TAKING KIDS BACK TO THE WORLD OF LITERATURE 4 didn't offer medicines to understudies so as to figure out which reasons causes the dislike in perusing, rather she led a review to understudies about their emotions towards perusing to accumulate subjective information. Guardians Modeling Leisure Reading According to the overview Beers directed, parental demonstrating plays a major job in urging young people to writing practice. Committed and dormant perusers discussed their youth where they saw their folks perusing to them consistently of the days and furthermore recollect their folks perusing books before them, wherever they were. Then again, a significant number of the unmotivated understudies said their folks don’t read and they disclose their folks used to peruse to them when they were kids however just before hitting the sack, it was a movement intended to keep them calm and cause them to rest. So they would consider perusing to be an exhausting action (Beers, 1998). This announcement was additionally seen by analysts Hamston and Love, who led a quantitative and subjective examination at a tuition based school. Their article is named: â€Å"Voicing Resistance: Adolescent Boys and the Cultural Practice of Leisure Reading†. In this exploration the writers chose to concentrate on young men, relaxation perusing, and family perusing manners because of the worries brought up in the writing with respect to young men and education (Hamston Love, 2005). The examination was directed in a multi year time span at a private boy’s school. There were two phases in this exploration. In the principal stage, Hamston and Love concentrated on 91 young men recognized as great and submitted relaxation time perusers. In the subsequent stage, the scientists concentrated on 75 young men distinguished as for the most part capable perusers who decide not to peruse. In the two phases of the examination, quantitative and subjective information was accumulated from every understudy through surveys about their understanding practices, their folks, and the manners in which their folks share perusing with their children (Hamston Love, 2005). In the wake of watching and breaking down the polls, specialists assembled quantitative and subjective information where they had the option to distinguish a comparative culture for submitted perusers in the investigation; their folks guided them and encouraged them with recreation time perusing. While hesitant perusers show a few demonstrations of resistanc

Satisfying Corporate Shareholders or the Stakeholder as Business Essay

Fulfilling Corporate Shareholders or the Stakeholder as Business Priority - Essay Example Adam Smith, an eighteenth Century scholar, proposed his hypothesis of the imperceptible hand, which basically expresses that business’ hunger for productivity will naturally make positive ecological results for society, henceforth fulfilling corporate obligation toward the advancement of society (Nickels, McHugh and McHugh, 2005). These results remember better financial soundness for the district for which the firm works, just as giving new openings and better quality items for residents. At the point when a firm moves its activities from local to the outside, the results, as estimated by the undetectable hand hypothesis, would for sure be sure for the remote country in which the business flourishes. Notwithstanding, moving activities out of the residential condition, particularly in the midst of national financial emergency, just serves to dispense with profession positions for effectively battling residents in the United States, subsequently corporate desires for productivit y will in general visually impaired organizations from the requirements of its potential nearby workforce. This point is fervently discussed today which is very clear in the media and with late exercises of striking laborers who battle to guarantee that employments remain neighborhood by forestalling remote extension endeavors. Today, Adam Smith may endeavor to calm the torrent of social objection with respect to business moving its tasks abroad by expressing that the business had, in some design, reestablished wellbeing to the neighborhood area while it was locally set up. In this manner, corporate advocates of Smith’s hypothesis may recommend that business had performed morally...

Vertigo Essay Example | Topics and Well Written Essays - 500 words - 1

Vertigo - Essay Example Scottie is forced into early retirement because of an obligation occurrence that caused him to create acrophobia. Acrophobia is involves high dread degrees of statures. Scottie additionally builds up the vertigo impact, which is portrayed by rotational movement and bogus sensation. Scottie is given the private agent task by Gavin Elster, to screen the peculiar conduct of his better half called Madeleine. The film applied powerful strategies for screenplay improvement. One method is the dolly zoom procedure. Dolly zoom impact includes the in-camera impact which twists point of view. The twisting targets outlining the confusion impact that satisfactorily conveys the acrophobia state of Scottie (Sipos 76). The story in the film is imparted through pictures. The housetop pursue that prompted the policeman’s demise clarifies the symbolism impact of the acrophobia and vertigo impact. The picture shows Scottie endeavoring to deal with his dread; be that as it may, his companion Midge Woods recognizes serious enthusiastic stun as the most suitable remedy for his condition. The endeavors to deal with the acrophobia and vertigo impact, targets limiting related mishaps, injuries, fatalities and wounds, which emerge from the condition. The screenplay shows Scottie following Madeleine, his significant other. Madeleine shows physical and enthusiastic qualities of an individual who is controlled. Scottie hesitantly follows Madeleine to the flower specialist, at that point to Carlotta Valdes’ grave, lastly the craftsmanship historical center to gaze at the Portrait of Carlotta. The baffling idea of Madeleine is additionally outlined when Scottie neglects to discover her at the McKittrick Hotel. A neighborhood antiquarian imparts that the picture of Carlotta is strange in light of the fact that she ended it all. Gavin delineates that Carlotta is the issue having Madeleine, and furthermore that Carlotta is the extraordinary grandma of Madeleine. Dramatizations

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Intrigue Groups â€Å"Interest bunches association of individuals sharing regular destinations who enthusiastically endeavor to impact government policymakers through immediate and backhanded methods†. J. M. Molins and A. Casademunt, Weight Groups and the Articulation of Interests, in West European Politics, No. 4, 1998 This structure is planned so intrigue gatherings would be a gadget of open impact on legislative issues to create changes, yet would not threaten the administration much. Regardless of whether this is as yet the case or not is a huge inquiry that we should discover. Intrigue bunches assume various jobs in the American political framework, for example, delineation, interest, training, and program checking. Portrayal is the reason that we see most as often as possible and the capacity we routinely consider when we consider intrigue gatherings. Association is another job that intrigue bunches play in our administration, which is while they encourage and bolster th e commitment of their individuals in the political procedure. Intrigue bunches likewise teach, by attempting to edify both open authorities and the general population everywhere concerning issues of importance to them. Intrigue bunches additionally keep method of how projects are working in the field and attempt to impact government to make a move when inconveniences become clear when they screen programs. The regular intrigue bunches have been sorted out around a few type of financial birthplace, be it corporate interests, partners, or associations. The quantity of business-situated anterooms has created since the 1960s and keeps on developing. Open intrigue bunches have too developed very since the 1960s. Liberal gatherings began the pattern, however customary gatherings are presently similarly as normal, however a few gatherings... ...e Role of Local Government and Citizens in the Democratic Process, National Civic Review, vol. 85, no. 3, Fall 1996. Walk, J.G. and J.P. Olsen (1998): 'The Institutional Dynamics of International Political Orders,' 52:4 International Organization 943, Exploration and Contestation in the Study of World Politics, Cambridge, Mass: The MIT Press, pp. 303-329) March, J.G. and J.P. Olsen (2000): 'Majority rules system and Schooling,' in L.M. McDonnell, P.M. Timpane and R. Benjamin (eds), Rediscovering the Democratic procedure of Education, Lawrence: University of Kansas Press, pp. 148-173 Olsen, J.P. (1997): 'Institutional Design in Democratic Contexts,' 5:3 The Journal Of Political Philosophy 203 Rokkan, S. (1999) (altered by P. Verdure, with S. Kuhnle and D. Urwin): State Formation, Nation-Building and Mass Politics in Europe: The Theory of Stein Rokkan, Oxford: Oxford University Press

5 Pro Study Tips to Try Right Now - EasyBib blog

5 Pro Study Tips to Try Right Now - EasyBib blog (0) Got a quiz coming up, a paper to write or a big test to prep for? Try these science-backed study tips and supercharge your study time. Because before you design the world’s first self-flying car or run in the 2036 presidential election, you have to get that degree. 1. Try timeboxing Timeboxing is time-management system that focuses on tasks accomplished, not time spent. So instead of saying, “I have one hour to study one million paintings for my Art History final,” you’d say, “I have one hour to memorize the titles and artists of 30 Renaissance paintings.” There’s a reason most of us focus better the night before a paper is due. It’s because we have to focus and get it done! Turn that principle into a smart study tip. Timeboxing allows you to apply the same focus to any task, no matter when you’re completing it. 2. Try space repetition system (SRS) learning Space repetition is a tactic that has been long used by language learners, especially for character-based languages like Japanese. But it can also shave serious time off of memorization for any subject, from foreign languages to anatomy to those million paintings. Here’s how it works: instead of mindlessly flipping through flashcards, you rate each card from 1 to 5 for how well you remembered the answer. Then in subsequent study sessions, you review your less-confident cards more frequently. Luckily there are plenty of apps available that make creating your own SRS deck super easy. There are some good ones listed here. 3. Put your phone away. Far, far away. Research shows that just having your phone with you can deplete your focus and gnaw away at your concentration. Or, as the Science People put it: “The Mere Presence of One’s Own Smartphone Reduces Available Cognitive Capacity.” Think of it like this: it’s not a matter of discipline. Your brain becomes so conditioned to checking your phone, you literally can’t stop yourself if the screen is within grabbing distance. Scary? Slightly. Reality? You bet. So just do yourself a favor and give yourself some space. Give your phone to your mom, your RA, your neighbor, or just leave it at home when you go to the library. And make sure those frisky push notifications are switched off! 4. Don’t multitask. Bad news for all of you who are reading this while watching a video while texting a friend while writing a paper: research finds that “heavy media multitaskers” (people who tend to have several screens or windows up) have worse working memory and long-term memory. That means it’s harder to retain information when you’re working on something (say, studying for a test) and when you’re trying to call it up later (when you’re taking the test). Eep. The solution? Stick to one activity at a time. Oh, and put your phone away. 5. Use online tools. If you can find an online study hack, why not use it? As long as all your work is original, there are so many tools out there that can help you manage your workload. If you need to make a works cited page, an annotated bibliography or even an APA title page, try EasyBib’s free and easy citation generator. Save time making citations and spend it on polishing your paper! There are also lots of interactive textbook solutions available online that can help you make sense of problem sets and tough information. Remember, no one has to struggle alone! Welcome to the new era of studying. With these pro study tips, you’ll be ready to hit the books, hit the sack, then hit the ground running. You for president!

Slavery In The United States - Free Essay Example

In the United States there were one million three hundred thousand black slaves in the middle of the second decade of the nineteenth century, out of a total of eight and a half million inhabitants. Only about two hundred thousand blacks were free. The slaves did not enjoy any civil right in the nation that had been a pioneer in their recognition and guarantee. They could be transferred or sold as a thing. They could not exercise any legal action: contracts, marriage or ownership. The personal situation varied depending on the character and treatment of their owners. Many slaves tried to go to the North. Only in Canada could they feel safe. The slave trade had been abolished at the beginning of the 19th century, but the South needed a constant flow of slave labor. The constant increase in demand caused the value of the slaves. It is estimated that by 1860 a slave could be worth about $ 2,000. The economy of the South was based on the system of cotton and tobacco plantations, supported by slave labor. All the wealth of this part of the United States was generated thanks to slavery. The economy and society were dominated by an oligarchy of landowning families, immensely rich and did not question the use of slaves to maintain and increase their wealth and power. Associated with this, a certain mentality was generated, which was based in the first place on a British aristocratic social origin in front of the whites of the North. The southern aristocracy also elaborated an entire ideological construction to justify the existence of slavery. Their approaches mixed arguments with others of religious type. The blacks, always according to this theory, would be inferior to the whites in intelligence For their part, the poor whites of the South also defended the existence of slavery because it In the North, blacks were not slaves, but they suffered from discriminatory and segregationist legislation: restriction of political rights and different public spaces. Even so, those States were anti-slavery and there the fight against slavery began. The American Colonization Society failed in its attempt to repatriate blacks to Africa. The American Anti-Slavery Association founded in 1833, and the main objective was the abolition of slavery. Antislavery began to permeate the northern society, in conjunction with other causes, such as the emancipation of women, both efforts to create a new and more egalitarian model of society. Between 1835 and 1860, the social and economic models of the North and the South collided. The North, linked to the Republicans, opposed the southern slave system and its plantation economic system, considering it antiquated. The South, on the other hand, defended its interests. The economic issue is very important to understand the disagreements between the North and the South. The southern economic model of plantation needed free trade policies to be able to sell cotton easily with the growth of European textile industrial demand. For its part, the North needed to defend and protect its industrial products from British competition. But, in addition, there are other more complex economic issues in the relations between the North and the South. Slavery had clear ethical, social and economic dimensions. In 1820 the compromise was reached, through the well-known Masson-Dixon line, to delimit the slave states of those that were not. In 1854 it was approved that it would be the citizens who would make the decision on the character of each State. That caused a strong conflict in Kansas. The Republicans, decidedly antislavery, managed to take the presidency in 1860 to Abraham Lincoln, against the Democratic candidate, Breckinridge, defender of the slave cause. A month after the proclamation of the new president, South Carolina proclaimed that the Union had been dissolved and opened the slope for which other southern states filmed. Lincoln was not willing for the Union to break. The war did not take long to explode. In 1863, Lincoln passed the Proclamation of Emancipation, by which all slaves of the Confederate States were freed. Slavery would end the war, but the situation of the black population would not improve substantially.

Essay On The Things They Carried - 1629 Words

The Things They Carried, reflects the saga of drafted soldiers during the Vietnam era who were sent to the Vietnam War. The author, Tim O’Brien, describes the things that the men carry during their tour of duty. The items carried are both physical and impalpable items and what these things are is subject to the individual soldier. They carry the necessities for survival in the jungles of Vietnam as well as the personal things each soldier feels necessary to make life as comfortable as possible. Additionally, each of the men carries the memories and fears of past and present experiences. The heaviness of the impalpable items is as tangible as that of any physical object, and not so easy to cast away. The literary argument in which the†¦show more content†¦The novel imparts to the reader how soldiers withstood their subjective experience associated with the austere environment of Vietnam. Through recounting, the principal thought in the novel is conveyed hence the basis for the novel’s title. Through it, we become more acquainted with why Tim O Brien, chooses the title. The author explains in this story the significance of carrying, to carry something (is) to hump it. Be that as it may, in this story, it infers the burdens the soldiers carried (O’Brien). The Things They Carried composed in1986, after the redeployment of American fighters from South Vietnam (Saigon) in 1973. It is trusted that more than 50,000 soldiers from the Vietnam war died because of related mental diseases experienced on the occasions of the war. The psychological disorder is alluded to as Post-Traumatic Stress Disorder (Shay). Likenesses that identify with those of this disease can be found all through the story. Men and women of prior wars moreover mirrored the shared characteristics related to PTSD. In days of old, it was named Shell Shock and Battle Fatigue. Because of studies directed by medical research organizations, e.g., The National Institute of Health (NIMH) we know and comprehend that PTSD impacts many people who have been exposed to and survived terrible accidents, calamities, and war. ThreeShow MoreRelated Things They Carried Essay: Strength in The Things They Carried980 Words   |  4 PagesStrength in The Things They Carried  Ã‚  Ã‚  Ã‚  Ã‚   Everybody has to deal with adversity at some point in their lives. The adversity that they go through varies from person to person. For First Lieutenant Jimmy Cross, he had to make it through the Vietnam War alive. In the short story, The Things They Carried, where Cross draws his strength from is somewhat unclear. He seems strong at the beginning of the story, but then again, he also seems to be gaining strength towards the end of the story. ThisRead More the things they carried Essay1091 Words   |  5 Pages The things they carried,by Tim Obrien nbsp;nbsp;nbsp;nbsp;nbsp;quot;Oh man, you fuckin trashed the fucker. You scrambled his sorry self, look at that, you did, you laid him out like fuckin Shredded Wheat.quot; I chose to start off my essay with this particular exert from the book because I think that it very much represents the story in itself. Azar said this, after Tim (supposedly) killed a Vietnamese soldier with a hand grenade. It shows that in times of war, how callous men can becomeRead MoreEssay on The Things They Carried515 Words   |  3 PagesThe Things They Carried The Things They Carried, by Tim OBrien, is a generalization of his own experiences in Vietnam although the story itself is a work of fiction there is still much to be learned from it. Through the actions of soldiers in The Things They Carried we can begin to explore the effect war has on the human condition and the toll it plays on their minds. Some of the themes in the book, The Things They Carried, are bravery and what true bravery is, truth and how the manipulationRead MoreThe Things They Carried Essay1015 Words   |  5 PagesThe text, ‘The Things They Carried, is an excellent example which reveals how individuals are changed for the worse through their first hand experience of war. Following the lives of the men both during and after the war in a series of short stories, the impact of the war is accurately portrayed, and provides a rare insight into the guilt stricken minds of soldiers. ‘The Things They Carried shows the impact of the war in its many forms: the suicide of an ex-soldier upon his return home; the lesseningRead MoreEssay On The Things They Carried1624 Words   |  7 PagesFor the seventeen Soldiers portrayed in â€Å"The Things We Carried† by Tim O’Brien, the physical pain was very minimal weight to carry compared to the emotional scars that they will carry throughout their entire life. This story does an amazing job portraying full human emotion that anyone put into a situation would feel, such as heavy guilt, sadness, anger, lack of motivation, perseverance, horror, and false security. All of these are notorious feelings that every soldier back in history, and now stillRead More The Things They Carried Essay2450 Words   |  10 Pagesand extremely prosperous. The 90’s were fraught with media propaganda about the economy and international relations. This media coverage made many Americans feel that they were invincible. The media never really covered the Middle East where things were about to boil over and hatred for the U.S. was about to get primetime attention. On the morning of September 11, 2001 the United States got a rude awakening to this hate that is held for our â€Å"invincible† country. This awakening came asRead More The Things They Carried Essay1107 Words   |  5 Pagesstory an example of this is Tim O’Brien’s â€Å"The Things They Carried†. As the story goes on it shows not only the literal meaning of what they carried but also symbolically the burdens that they had mentally. In the literal sense O’Brien talks about what different members of a platoon in Vietnam carried. This helps him to move to a more symbolic sense at the end of the story. He starts by talking about necessities and slowly moves on to what they carried to remind them that there was a world out sideRead MoreEssay On The Things They Carried1058 Words   |  5 Pages â€Å"The Things They Carried† provides a personal view into the minds of soldiers, and tells us the emotional and psychological costs of war. First Lieutenant Jimmy Cross is stationed in Vietnam in the middle of the war. He seems to be a man in love, or more like a man in love with the idea of a lady named Martha. He ends up changing from a love struck, blind man into a firm, leading soldier. In this story, the characters do the things they do because of desires and motivations. In â€Å"The ThingsRead MoreThe Things They Carried Essay1603 Words   |  7 PagesThe Things They Carried, every soldier carried something different; different equipment, different memories, and different guilt. Their equipment would change as they travelled through the book, but one common thing that the soldiers would all be forced to carry is the weight of losing one of their own. Though it might weight differently from man to man, changing depending on how well they knew the soldier, it is a weight they all felt. Though several soldiers died in The Things They Carried, theRead MoreThe Things They Carried Essay2626 Words   |  11 PagesAmerican History. During this time a lot of young people were anti-war, they were sick of losing people they loved to violence. Though the war still needed to be fought so men became soldiers freely or because they were drafted. In the story â€Å"Things They Carried†, soldiers are faced head on with the Vietnam War. Tim O’Br ien shows how the men carry the weight of physical objects through out the war. The men bog themselves down with physical objects that they do not necessarily need yet, they can drop

The Experience of a Journey in Literature Essay examples

â€Å"People create their own Questions because their too afraid to look straight. But all you have to do is look straight and see the road, and when you see it don’t sit looking at it walk†. (Ayn Reed) Physical journeys can involve a range of experiences and emotions. They can be taken for a range of reasons, they also involve choices being made when individuals encounter obstacles or move to new places. This idea is conveyed through Peter skrzynchi’s poems â€Å"Crossing the Red Sea† and Migrant Hostel†. In addition to David Marr’s article â€Å"Life in Limbo† and Nooria Wazefadost life story article â€Å"A young refugees plea for a better future†. It is through these texts that the composers convey their experiences of the journey, using effective†¦show more content†¦Others, however, are still dealing with the past, the beautiful â€Å"red poppies† one migrant talks about, only reminds another of â€Å"blood discolouring stone† and â€Å"rusted iron†. This juxtaposition of imagery presents to the responder the different emotional journeys that still have to be travelled. This clearly demonstrates that people on the same physical journey react differently to it, depending on previous experience. In the last stanza of â€Å"Crossing the red sea† Skrzynechi uses the image of sunrise to symbolise that the new lives of the immigrants are only starting and that there is a new and better future ahead of them. The sunrise is also used to tell the responder that although it is the end of the poem, it is but only the beginning of the migrant’s journey to a better place both physically and emotionally. This helps the responder understand that in this particular journey, the migrants made a choice to move to a new country and overcome the obstacles that went in their way, as also to forget the past. â€Å"Escape from life in limbo† is an article about Ahmed AL-Kateb’s life long journey to finally belong somewhere, and have a chance at a secure future .This story published on the 27/10/07 in Sydney Morning Herald by David Marr, is a heart wrenching story as it triggers the senses when one feels empathy for Ahmed- Al- Kateb .His journey began, when he was born in 1976, theShow MoreRelatedThe Pursuit Of Self Discovery1012 Words   |  5 PagesLiterature, a body of written works, is something that I sometimes find myself leisurely immersing in. It allows for the limitations of my own ordinary situations to be seized momentarily whilst I let mind be free and my own imagination wander. The pursuit of self-discovery is present within many forms of literature and can be told through plots and central characters. I often discover new societal universal longings that arise from the novels pages which encourages me to reflect on my own senseRead MoreSelf Discovery In Ani ta Nairs Ladiesbor1330 Words   |  6 Pagesthe theme of self discovery through the act of journey in Anita Nair’s Ladies Coupe. Travel narratives are broad genres which illuminate mainly on people, place and culture. Journeys form the focal point of every travel narrative. In literature, the motif of journey is used as a distinctive idea or theme and is used to represent a character’s epiphany or self realization. It provides a personal assertion outside the compressed state of one’s life. Journey is seen as a means of confrontation and as anRead More Children’s Literature through an Americanized Scope1232 Words   |  5 Pageswesterners in Gloria Whelan’s Homeless Bird and Deborah Ellis’s Parvana’s Journey in her article â€Å"Beyond Borders: Reading ‘Other’ Places in Children’s Literature.† Stewart claims that multicultural texts are significant, and that diverse perspectives in conjunction with western existence and beliefs are poignant to a young student’s education. But multicultural literature is dismal, in regards to works about other places and experiences by non-westerners with a lack of the â€Å"other† and its representationsRead MoreCanonical Angst in Young Adolescent Literature by Elysia Liang785 Words   |  3 PagesYoung adult literature is a blooming literary category. This newly discovered territory is ever developing. Elysia Liang, author of Canonical Angst in Young Adolescent Literature, insists, â€Å"The notion of adolescence as a stepping-stone between childhood and adulthood is recent† (2). She associates this with a direct change in childhood development, stating, â€Å"Before the 20th century, the marker of adulthood was entrance into the work-force. With children as young as 10 holding jobs to help supportRead MoreThe Odyssey and Dantes Inferno1300 Words   |  5 Pagesbeing told the tale from the heart of a poet, whether it be r omance, adventure or simply a story from experiences. And perhaps there are no better poets that are better able to drag their willing audience along a journey than Homer and Dante. The epic tales of The Odyssey and Inferno, respectively, were seemingly written along a parallel train of thought when describing their characters journey, easily engaging the creative functions of the reader with adventurous tales of hope and adventure. TheirRead MoreThe Heros Journey In The Epic Of Gilgamesh And The Matrix1291 Words   |  6 PagesIn all of literature, patterns and stages of the hero’s journey can be seen and identified within every story. Joseph Campbell applied the term â€Å"monomyth† to stories in order to describe basic stages that every hero quest goes through. When Joseph identified these common parts of stories, he helped connect the world of literature and establish recurring characters, actions, and situations. Even when pieces of literature that seem to hav e no connection to each other are examined, such as The MatrixRead MoreThe Odyssey And The Hitchhikers Guide To The Odyssey992 Words   |  4 PagesThe Hitchhiker’s Guide to the Odyssey The model of The Hero’s Journey has been used in a multitude of ways through the development of literature. This famous plot line describes the series of epic events that a hero faces throughout the story to ultimately find the solution to a problem. As shown in The Hitchhiker’s Guide to the Galaxy, by Douglas Adams, and The Odyssey, by Homer, The Hero’s Journey has guided authors to write their stories in the past and even today. Odysseus and Arthur Dent, describedRead MoreThe American Concept Of Self Creation1647 Words   |  7 PagesThe American concept of Self-Creation is a theme throughout American Literature and represented in the American society. An individual assuming a new identity to avoid danger or ridding themselves of a past life, are two examples of the literary concept of Self-Creation. In Mark Twain’s Adventures of Huckleberry Finn, we see the main character undergo several examples of â€Å"self-creation† during the course of th e story for various motivations including those mentioned above. Throughout AdventuresRead MoreLiterature Is A Powerful Medium Of Communication1232 Words   |  5 Pagesâ€Å"Life is a journey not a rollercoaster ride† (Joens), but it can be merry-go-round, just go around, like nothing. For those who haven’t experienced much of their lives yet, can explore the world and prepare themselves for facing human conditions through reading literature. Literature is known as a powerful medium of communication, so some extent literature teaches us the importance to develop our own social voice. Social voice is a type of communication that builds up as people goes through theirRead MorePoetry Essay - There Is No Frigate Like a Book849 Words   |  4 Pagesdenotation and connotation show us how literature allows use of our imagination to go on a journey. At first glance it may seem that Emily Dickinson has written a simple poem in â€Å"There Is No Frigate like a Book†. However, further analysis reveals that she believes reading is a gift to all. Through observation of the poem we find her fascination with reading and the poem’s ability to take her reader on a journey; as well as reveal how reading can take us on any journey we wish to embark. The theme of

Kentucky and Virginia Resolutions

These resolutions were written by Thomas Jefferson and James Madison in response to the Alien and Sedition Acts. These resolutions were the first attempts by states rights advocates to impose the rule of nullification. In their version, they argued that since the government was created as a compact of the states, they had the right to ‘nullify’ laws that they felt exceeded the granted power of the Federal government. Four Measures of the Alien and Sedition Acts The Alien and Sedition Acts were passed while  John Adams  was serving as Americas second president. Their purpose was to fight against criticisms people were making against the government and more specifically the Federalists.  The Acts consist of four measures designed to limit immigration and free speech. They include: The Naturalization Act: This act increased the residency time for individuals applying for U.S. citizenship. Immigrants would have to live in the US for 14 years in order to be eligible for citizenship. Previous to this, the requirement was 5 years. The reason for this act was that America was in danger of going to war with France. This would give the president the ability to better deal with suspicious foreign nationals.  The Alien Act: Following the passage of the Naturalization Act, the Alien Act continued to give more power to the presidency over foreign nationals living in the U.S. The president was given the ability to deport aliens during peacetime.The Alien Enemy Act: A little less than a month later, President Adams signed this Act into law. The purpose of the Alien Enemy Act was to give the president the ability to expel or imprison aliens during times of declared war if those aliens had ties to Americas enemies.  The  Sedition Act: The final act, passed on July 14, 1 798, was the most controversial. Any conspiracy against the government including riots and interference with officers would result in a high misdemeanor. This went so far as to stop people from speaking in a false, scandalous and malicious manner against the government.  Newspaper, pamphlet and broadside publishers who printed articles aimed primarily at his administration were the intended targets. The backlash to these acts was probably the main reason why  John Adams  was not elected to a second term as president. The Virginia Resolutions, authored by James Madison, argued that Congress was overstepping their bounds and using a power not delegated to them by the Constitution. The Kentucky Resolutions, authored by Thomas Jefferson, argued that states had the power of nullification, the ability to nullify federal laws. This would later be argued by John C. Calhoun and the southern states as the Civil War neared. However, when the topic came up again in 1830, Madison argued against this idea of nullification.   In the end, Jefferson was able to use the reaction to these acts to ride to the presidency, defeating John Adams in the process.

The Life Of Alexander The Great - 1264 Words

The Life of Alexander the Great There are many great conquers in the history of this world. Augustus Caesar, Atilla the Hun, Charlemagne, to name a few. But none of these quite measure up to Alexander III of Macedonia. Or, his more common title: Alexander the Great. He conquered much of Asia and the Persian Empire, and left a legacy that will not be forgotten. Alexander III was born in Pella, capitol of Macedonia, on July 20th 356 BC to Olympus, Princess of Epirus, and Philip II, King of Macedonia. He was a well-educated young boy, and his tutor was none other than the famous scholar Aristotle. He studied until 340 BC, when he began to work with his father, Philip II, on several military attacks. Alexander worked with his father up†¦show more content†¦Once Alexander had been named king of Macedonia, he was thrown into a series of uprisings that his father’s death had triggered. He quickly forced his way into Northern Greece, and restored Macedonian rule there. After taking control of Northern Greece, he moved south, surprising the Southern Greeks and forcing them to acknowledge his rule. Then, assuming the Greeks were well aware of his power, he returned to Macedonia, and proceeded to conquer the Thracians, Tribalians, and the Illyrians. After these battles, rumors had sprung up in Greece that Alexander had died. Enraged with the rumors that had broken out; Alexander proceeded to move to Thebes, covering 240 miles in two weeks. This astonishing speed made the Athenians and Peloponnesians reconsider siding with the Thebans, leaving them alone. After the Thebans refused to surrender, Alexander and his men stormed the city, killing more than 6,000 Thebans and taking 30,000 more as slaves to sell. They plundered and destroyed the city, save the temples. This short battle made the rest of Greece realize that it was futile to riot, and the country remained under Alexander’s rule. In spring of 334 BC, Alexander and his troops set out to fight what some say is his most famous fight, The Battle of Granicus. During this battle, Alexander was 22 years old, and he was facing the forces of King Darius III, who is said to be the young king’s greatest rival. His

Citation and Argumentative Research Paper Free Essays

Kenned Taylor Evaluator: Angela Moore Title: Pro’s and Cons of Abortion What was the thesis statement of the essay? Abortions, an unethical practice of termination should be illegal because it is considered murder, can cause physiological and medical problems, and reduces the number of adoptions. How was the introduction? Did it grab your attention? If so, how? If not, what could have been done differently? The introduction was good and it did grab my attention by showing interesting facts. Did the author make a strong case for their argument? What was the strongest argument that was made? Lacked evidence for the arguments, not strong enough arguments. We will write a custom essay sample on Citation and Argumentative Research Paper or any similar topic only for you Order Now What was the weakest argument made? Arguments were all kind of weak How well did the author Incorporate: Facts? Yes Anecdotes? No Quotes? There wasn’t many quotes In the paper. How well did the author follow the PAP formatting and citation requirements? What could have been done differently? The PAP Format could use a little more work but overall it was fine. The reference page needs to be finished. How well did the author do with using correct grammar and punctuation? Were there any specific areas that he or she needs to work on for future papers? (Be specific) There were a few spelling mistakes and the sentences had much grammar (Passive 1 OFF Could you determine a Christian worldview in the paper? If yes, what was it? Yes there was a Christian world view, abortion is a sin. Did the conclusion wrap up the paper without introducing new information? Yes but you need to work on length. How to cite Citation and Argumentative Research Paper, Essays

Comparative Issues in International Management Greenhouse Gas

Question: Discuss about the Comparative Issues in International Management for Greenhouse Gas. Answer: International management refers to all viable practices of operating an organization in an efficient manner (Mead, 2009). It, therefore, requires skills and knowledge which go beyond the ordinary business expertise such as being conversant with the business regulations regarding the country in which an organization operates (Edfelt, 2010). For instance, understanding the laws and local customs governing the organizations transactions. On the other hand, comparative issues refer to various contemporary aspects that influence an organizations business activities to management tasks (Khan, 2015). Therefore, this paper seeks to analyze, comment on and critique an article on Greenhouse gas emissions from Australias biggest polluters on the rise (Tom, 2016) Analysis of the Article Review refers to a comprehensive examination of the components or structure of a particular thing primarily as a foundation for discussion and interpretation (Alcock, 2014). It is argued in the article Greenhouse gas emissions emanating from large companies in Australia is increasing on a daily basis. For instance, amongst the top ten most major polluters, eight companies' levels of emissions have increased in the previous years. Confirmation is obtained through a report released by the federal government's Clean Energy Regulator that showed a 2 percent increase of emissions in June 2015. It has raised concern regarding the extent to which the emissions are polluting the organizations such as the Australian Conservation Foundation (ACF) to call for the closure of the dirtiest coal-fired power stations in the country. The argument is valid since the greenhouse gas emissions cause health problems to the locals due to their destructive nature (Liebig, 2012). It would also assist in main taining ethical business operations as required by the laws of the nation. The article suggests that AGL was the largest polluter as reported by ACF because its emissions doubled from 2013-14. It appears that the company was violating the management guidelines, especially the environmental and energy laws by proceeding to acquire more coal-fired power machines in NSW. The fact that the firm pledged to shut down all its coal plants by 2050 implies that it understands the implications of gaseous emissions on the locals and environment. However, the period quoted is long and will result in dangerous risks in the long run thus compromising the general management notion. The federal government seeks to have failed in ensuring that firms operating in the energy industry adhere to the energy regulations which discourage all forms of environmental pollution. For example, ACF president Geoff Cousins reaffirms the government commitment to meeting its climate targets even after he had disclose d that eight out of ten companies polluted more in 2015 than in the previous year. For instance, Australias overall pollution rose in 2014-05 by 1.3 per cent. In such a situation, it calls for an immediate intervention on policies to reduce the widespread of these emissions. Therefore, the implementation of a unswerving action climate strategy that recompense firms and agriculturalists to reduce greenhouse gasses and setting limits on emanations on the main polluters was necessary and practical. Other measures such as closing down coal-fired power plants in phases beginning with the top ranked polluting plants is a viable idea in the management of the whole issue of greenhouse gas emission in Australia. It would assist in alleviating its adverse effects which include global warming, ozone depletion, smog pollution, ocean acidification, changes in the growth of plants and levels of nutrition (Caper, 2010). It would require a secure collaboration. Commenting on the Article ACF president Geoff Cousin's acknowledgment that eight out of the ten ranked companies have recorded an increase in their levels of pollution shows how the entire issue of contamination is becoming rampant and a threat to the environment and humans in Australia. It further reveals the Federal government's feeble efforts in the management and control of pollution. Nevertheless, there is the need to draft policy measures to fight the menace of contamination (Jane, 2011). The comments suggesting that the government was lying to the public on reducing the prevalence of pollution are valid. It means that the government is not being honest in pursuing pollution control in the country. It implies the presence of some loopholes in handling contemporary issues facing the energy industry. There should be the formulation of a clear and inclusive framework that brings together all the key players and other stakeholders in the energy sector to promoting proper management of emerging parallel issu es. The suggestion that the energy industry in Australia is pleading for government assistance to ensure the changeover to a zero-pollution future is critical. It showed a possible communication gap and strained coexistence between the industry and the federal government in the management and control of the pollution problem. Critique of the Article It only focuses on ten companies perceived to be emitting the greenhouse gasses across the nation thus bringing in the element of biases since there are many other firms operating in the energy industry. The unmentioned companies are also emitting the harmful gasses believed to pollute the environment. The article also fails to mention and explain the effects of the gaseous pollution on the environment and human beings. References Alcock, L. (2014). How to think about analysis. Oxford, United Kingdom: Oxford Unversity Press. Caper, J. K. (2010). Greenhouse gasses: Worldwide impacts. New York: Facts On File. Edfelt, R. B. (2010). Global comparative management: A functional approach. Los Angeles: Sage. Jane, A. L. (2011). Overview of Greenhouse Gas (GHG) Control Policies in Various Countries. DIANE Publishing. Khan, M. A. (2015). Diverse contemporary issues facing business management education. Hershey: Business Science Reference. Liebig, M. A. (2012). Managing agricultural greenhouse gasses: Coordinated agricultural research through GRACEnet to address our changing climate. London: Academic Press. Mead, R. . (2009). International Management: Culture and beyond. Chichester, England: John Wiley Sons. Tom, A. (2016). Greenhouse gas emissions from Australia's biggest polluters on the rise. https://www.smh.com.au/environment/greenhouse-gas-emissions-from-australias-biggest-polluters-on-t he-rise-20160229-gn6g8l.html

Financial Literacy Essay Example For Students

Financial Literacy Essay FINANCIAL LITERACY â€Å"Financial literacy is one of the most important investor basics, especially if you want to be a safe investor, an inside investor, and a rich investor. Anyone who is not financially literate cannot see into an investment. Just as a doctor uses X-rays to look at your skeletal system, a financial statement allows you to look into an investment and see the truth, the facts, the fiction, the opportunities, and the risk. Reading a financial statement of a business or individual is like reading a biography or an autobiography. † A business has a financial statement, a stock certificate is a reflection of a financial statement, each piece of real estate has a financial statement, and each of us as an individual human being has a financial statement attached to us†¦Everything – regardless of if it is a business, real estate, or human being – that transacts money has an income statement and balance sheet, whether or not they know it. People w ho are not aware of the POWER OF A FINANCIAL STATEMENT often have the LEAST MONEY and the BIGGEST FINANCIAL PROBLEMS. † â€Å"While you were in school, you got a report card once a quarter. A financial statement is your report card once you leave school. The problem is that since most people have not been trained to read financial statements or how to keep a personal financial statement, they have no idea how they are doing once they leave school. Many people have failing marks on their personal financial statements but think they are doing well because they have a high-paying job and a nice home. Unfortunately, if I were handing out the grades, anyone who was not financially independent by age 45 would receive a failing grade. It’s not that I want to be cruel. I just want people to wake up and maybe do a few things differently†¦before they run out of their most important asset: TIME! † â€Å"A person needs to get his or her own personal financial statement under control before investing. † â€Å"This process I have been talking to you about is the process of taking control of yourself, which also means your financial statement. So many people want to invest because they are deep in debt. Investing in the hopes of making more money so you can pay your bills or a buy a bigger house or a new car is a fool’s investment plan. You invest for one reason: to acquire an asset that converts earned income into passive income or portfolio income. That conversion of one form of income into another form of income is the primary objective of a TRUE INVESTOR. And to do that requires a higher degree of financial literacy than simply balancing a checkbook. † â€Å"So you’re not concerned about the price of a stock or piece of real estate. You’re more concerned with the operating fundamentals, the fundamentals that you can see with a financial statement? † Where you find the best investment opportunities is from understanding accounting, the tax code, business law, and corporate law. And it in these invisible realms where the real investors shop for the biggest investment bargains. † â€Å"People leave school not even knowing how to balance a checkbook much less how to prepare a financial statement. They never learned how to control their finances. And the only way you can tell if peop le are in control of themselves is by looking at their financial statements. † â€Å"Just because people have high-paying jobs, big houses, and nice cars does not necessarily mean they are in control financially. If people knew how a financial statement worked, they would be more financially literate and more in control of their money. By understanding financial statements, people can better see how their cash is flowing. † Literacy Lesson #1: It is the direction of cash flowing that determines if something is an asset or a liability, at that moment. In other words, just because your real estate broker calls your house an asset does not mean it is an asset. Literacy Lesson #2: It takes at least two financial statements to see the entire picture. Sophisticated Investors must see at least two financial statements simultaneously if they want a true picture. † â€Å"†¦the professional investor must think beyond the price of an investment going up or going down. A sophisticated investor reads the numbers to get the true story and begins to see things that the average investor does not see. A sophisticated investor must see the impact of government regulations, tax codes, corporat e law, business law, and accounting law. One reason it is hard to find accurate investment information is that to gain a full picture requires financial literacy, an accountant, and an attorney. In other words, you need two different professionals to get the real picture. The good news is that if you take your time and invest the time to learn the ins and outs of what goes on behind the scenes, you will find investment opportunities and great wealth, wealth that very few people ever find. You will find out the truth about why the rich get richer, and the poor and middle class work harder, pay more in taxes, and get deeper in debt. Once you know the truths, you can then decide which side of the quadrant you want to operate from. IT’S NOT HARD; IT JUST TAKES SOME TIME†¦TIME THAT PEOPLE WHO JUST WANT A HOT INVESTMENT TIP DO NOT WANT TO INVEST. † â€Å"When you come to the boundaries of what you know, it’s time to make some mistakes. † â€Å"The streets are a very tough teacher. In school, you’re given the lesson first. On the street, you’re given the mistake first and then it’s up to you to find the lesson, if you ever find it†¦in school, you are considered smart if you don’t make mistakes. On the street, you’re smart only if you make mistakes and learn from them. † – On School Smarts and Street Smarts. I am so rich because I’ve made more financial mistakes than most people. Each time I made a mistake, I learned something new. In the business world, that something new is often called ‘EXPERIENCE. ’ But experience is not enough. Many people say they have a lot of experience because they keep making the same mistake over and over again. If a person truly learns from a mistake, his or her life changes forever, and what that person gains instead of experience is ‘WISDOM. ’ â€Å"People often avoid making financial mistakes, and that is a mistake. They keep saying to themselves, ‘Play it safe. Don’t take risks. People may be struggling financially because they have already made mistakes and have not learned from the mistakes. So they get up every day, go to work, and repeat the mistake and avoid new mistakes, but they never find the lesson. These people often say to themselves, ‘I’m doing everything right, but for some reason, I’m not getting ahead financially. ’ â€Å"There are people who buy tickets to the game, and there are people who sell tickets to the game. You want to be on the side that is selling the tickets. † â€Å"Great spirits have often encountered violent opposition from mediocre minds. – Einstein â€Å" We all possess both a great spirit and a mediocre mind. The challenge in turning our ideas into a million dollar or even a billion dollar asset is often the battle between our own great spirits and our own, often mediocre, minds. † – Rich Dad â€Å"There are many people with great ideas but very few people with great amounts of money. The reason the 90/10 rule holds true is because it does not take a great idea to become rich but it does take a great person behind the idea to become rich. You must be of strong spirit and strong in your convictions to turn you ideas into fortunes. Even if you understand the process via which your ideas can become millions even billions of dollars, always remember that great ideas only become great fortunes if the person behind the idea is also willing to be great! It is often difficult to keep going when everyone around you is saying, â€Å"You can’t do it. † You must have a very strong spirit to withstand the doubt of those around you. But your spirit must be even stronger when you are the person saying to yourself â€Å"You can’t do that. †Ã¢â‚¬ ¦No one can tell you what you can or cannot do in your life. Only you can determine that. Your own greatness is often found at the end of the road, and when it comes to turning your ideas into money, there are many times when you come to the end of the road. The end of the road is when you are out of ideas, out of money, and filled with doubt. If you can find in yourself the spirit to go on, you will find out what it really takes to turn your ideas into great assets. Turning an idea into a great fortune is more a matter of human spirit rather than the power of the human mind. At the end of every road, the entrepreneur finds his or her spirit. Finding your entrepreneurial spirit and making it strong is more important than the idea or business you are developing. Once you find your entrepreneurial spirit, you will forever be able to take very ordinary ideas and turn them into extraordinary fortunes. Always remember the world is filled with people with great ideas and very few people with great fortunes. † – Rich Dad Once you understand the fundamentals of investing, you can better understand rich dad’s categories of investors and the ten investor controls he said were important to all investors: The Ten Investor Controls . The control over yourself 2. The control over income/expense asset/liability ratios 3. The control over the management of the investment 4. The control over taxes 5. The control over when you buy and when you sell 6. The control over brokerage transactions 7. The control over the ETC (entity, timing, and characteristics) 8. The control over the terms and conditions of the agreements 9. The control over access to information 10. The control over giving it back, philanthropy, redistribution of wealth â€Å"Investing is not risky; not being in control is risky. – Rich dad Many people find investing risky because they are not in control of one or more of these ten investor controls. The Inside Investor To build a successful business is the goal of the inside investor. The business may be a single piece of rental real estate or a multi-billion –dollar retail company†¦A successful B knows how to create and build assets. Rich dad would say, â€Å"The rich invent money. After you learn to make your first million, the next ten will be easy. † A successful B will also learn the skills needed to analyze companies for investment from the outside. Therefore, a successful inside investor can learn to become a successful sophisticated investor. The Ultimate Investor To become the selling shareholder is the goal of the ultimate investor. The ultimate investor owns a successful business in which he or she sells ownership interest to the public; hence, he or she is a selling shareholder. If you want to invest in the same investments the rich invest in, you need: 1. Education 2. Experience 3. Excessive cash The price of being financially free requires time and dedication to gain the education, experience, and excessive cash to invest at those levels. You know you are financially smarter or increasing in sophistication when you can tell the differences between: 1. Good debt and bad debt 2. Good losses and bad losses 3. Good expenses and bad expenses 4. Tax payments versus tax incentives 5. Corporations you work for versus corporations you own 6. How to build a business, how to fix a business, and how to take a business public 7. The advantages and disadvantages of stocks, bonds, mutual funds, businesses, real estate, and insurance products as well as the different legal structures and when to use which product Most average investors know only of: . Bad debt, which is why they try and pay it off 2. Bad losses, which is why they think losing money is bad 3. Bad expenses, which is why they hate paying bills 4. Taxes they pay, which is why they say taxes are unfair 5. Job security and climbing the corporate ladder instead of owning the ladder 6. Investing from the outside, and buying shares of a company rather than selling shares of a company they own 7. Investing only in mutual funds, or picking only blue chip stocks The Definition of Rich Forbes magazine defines rich as $1 million in income and $10 million in net worth. Rich dad had a tougher definition: a consistent $1 million in passive income, which is income that comes in regardless of if you work or not, and $5, 000, 000 in assets, not net worth. Net worth can be an elusive and much-manipulated figure. He also felt that if you could not maintain a 20% return from capital invested, you were not really an investor. The price to reach rich dad’s goal, starting from nothing, is actually measured in rich dad’s three E’s: education, experience, and excessive cash. â€Å"†¦Rich dad knew that the purpose of a business was to buy assets†¦essentially, the business buys assets with pre-tax dollars. â€Å"Rule Number One in becoming an Entrepreneur is to never take a job for money. Take a job only for the long-term skills you will learn. † â€Å"†¦If you cannot sell, you cannot be an entrepreneur. † â€Å"The biggest mistake people make is that they work too hard for their money†¦Most people do not g et ahead financially because when they need more money, they take a part-time job. If they really want to get ahead, they need to keep their day job and start a part-time business. † â€Å"The world is filled with great ideas for new products. The world is also filled with great products. But the world is short of great businesspeople. The primary reason in starting a business part-time is not so much to make a product great. The real reason to start a part-time business is to make you a great businessperson. Great products are a dime a dozen. But great businesspeople are rare and rich. † â€Å"The message is, therefore, do not bother trying to make a great product. FOCUS MORE ON STARTING A BUSINESS SO YOU CAN LEARN TO BECOME A GREAT BUSINESS OWNER. † â€Å"Many people dream of starting their own business but never do because they’re afraid of failing. Many other people dream of becoming rich but don’t become so because they lack the skills and experience. The business skill and experience is where money really comes from. † â€Å"The education you receive in school is important, but the education you receive on the street is even better. † The Entrepreneurial Spirit â€Å"†¦You build a business because of the challenge. You build a business because it is exciting, it’s challenging, and it will require all of you to make it successful. † â€Å"There is no such thing as a successful poor entrepreneur or business owner. You can be a successful and poor doctor, or a successful and poor accountant. But you cannot be a successful and poor business owner. There is only one kind of successful business owner, and that is a rich one. † One of rich dad’s strongest criticisms of the educational system was: â€Å"In school, they train students to take tests on their own. If a child attempts to cooperate at test time, it is called ‘cheating. ’† Rich dad would also say, â€Å"In the real world of business, business owners cooperate at test time, and in the real world of business, every day is test time. † If people want to become sophisticated investors and above, they must invest as a team. † On rich dad’s team were his accountants, his attorneys, his brokers, his financial advisors, his insurance agents, and his bankers. I use the plurals here because he always had more than one advisor. When he made a decision, it was with input of the team. Today, I do th e same. † â€Å"Most small-business people dream of someday owning a boat or a plane. That is why they will never own that boat or plane. When I was first starting out, I dreamed of having my own team of accountants and attorneys, not a boat. † †¦most people work hard and dream of getting away on their own boat. I first dreamed of having a team of full-time accountants and attorneys. That is why I can now have the big boat and the free time. It is a matter of priorities. † â€Å"When people say, â€Å"Building a business is risky,† they often speak from a point of view of doing alone, a habit they learned from school. In my opinion, not building a business is risky. By not building a business, you are failing to gain a priceless real-world experience, and you are failing to get the best education in the world, the education that comes from your team of advisors. The Piano Lesson1 EssayThe reasoning behind concept is that profit for the period should represent fairly the earnings of the time covered and, in view of the dynamic nature of any business; it is unlikely that all invoices will have been paid. However, they should be accounted for to give a true picture. A distinction is made between the receipt of cash and the right to receive cash, and between the payment of cash and the legal obligation to pay cash. The accruals concept requires the accountant to include as expenses or income those sums which are due and payable. PRUDENCE Prudence is proper caution in measuring profit and income. Where sales are made for cash, profit and income can be accounted for in full. Where sales are made on a credit basis, however, the question of the certainty of profits or incomes arises. If there is not a good chance of receiving money in full, no sales are made on credit anyway; but if, in the interval between the sale and the receipt of cash, it becomes doubtful that the cash will be received, prudence dictates that a full provision for the sum outstanding should be made. A provision being an amount which is set aside via the profit and loss ccount. The two main aspects of this concept are that: †¢ Income should not be anticipated and all possible losses should be provided for. †¢ The method of valuation of an asset which gives the lesser value should always be chosen. Prudence is often exercised subjectively on grounds of experience and is likely, in general, to lead to an understatement of profit. The subjectiv ity involved can lead to variation between accountants in the amount of provision for bad debts, etc. and is bound to create differences between results obtained by the same general method of measurement. In long-term credit arrangements, e. g. hire-purchase agreements, difficulties arise in the actual realization of income and profit. GOING CONCERN BALANCE SHEETS AND INCOME STATEMENTS â€Å"People who are not aware of the power of a financial statement often have the least money and the biggest financial problems. † There are many different types of statements reflecting the state of your finances. The two most important are the balance sheet and the income statement. Understanding these two documents and their relationship to each other is the master key to financial freedom. THE BALANCE SHEET This balances the value of your assets against the value of your liabilities. One half of the balance sheet lists assets, the other half liabilities and your net worth: DIPLOMA IN BUSINESS ADMINISTRATION – PART 1 Accounting Syllabus Aims: 1. To demonstrate an understanding of the theoretical framework of accounting and the principles underlying accounting statements. 2. To demonstrate an understanding of the application of accounting systems using information technology. 3. To be able to prepare and present limited company financial statements. . To evaluate the performance and financial position of organizations from their financial statements. THE B (BUSINESS OWNER) Unlike the perfectionist S, the B type loves to delegate work. The motto of a true B is, â€Å"Why do it myself when I can hire someone better to do it for me? † The true B can leave his or her business for over a year and return to find it more profitable than before. That’s not u sually the case with someone in the S quadrant. When an S leaves his or her business for over a year, chances are there is no business to return to. Being a successful B requires technical business skills. B’s motto is O-P-M (Other People’s Money) and O-P-T (Other People’s Time). B’s understand the concept of leverage. To succeed, B’s need to know more than just how to build superior products or services – they need to know how to build the solid network of business systems without which their offering won’t sell. And they have to be skilled in the art of leadership. Successful B’s bring out the best in their people so that their people will carefully tend the network of business systems. â€Å"Many people have great ideas but very few have fortunes. To be a successful B, you have to do more than just have a great idea – you have to understand business systems. † â€Å"If you want to be rich, you need to be financially literate. † â€Å"The poor and the middle class turn cash into trash, or liabilities. Meanwhile, the upper class buys things like stocks, real estate, and businesses, turning cash into assets. † CORPORATION A corporation is really nothing more than a way of doing business. It is a legal entity regarded as separate from the owner, one that offers distinct tax advantages as well as liability protection from creditors and others who might sue. The owner controls the corporation and is a shareholder, possibly the only shareholder. As owner and shareholder, the owner is the boss. The owner controls what happens in the corporation, but because the corporation is a separate entity, the owner doesn’t own any of the corporation’s assets and therefore doesn’t have to assume any of the corporation’s debts. The corporation owns its own assets and pays its own debts. This is one of the secrets of the rich: Own nothing, but control everything. After the C corporation deducts business expenses from its income, tax is paid on the corporation’s profits. The owner/shareholder in turn pays tax on any money received from the corporation, usually in the form of a salary or bonus, and the corporation can deduct these payments as expenses on its tax return. However, when a C corporation pays a dividend to its shareholders, the dividends are taxable to the shareholders but not deductible by the corporation. When the C corporation deducts legitimate business expenses and pays out profits in the form of compensation to its shareholders, there may be no taxable income left. In that case, the corporation doesn’t have enough income left to pay dividends. THE SECRET OF THE RICH This secret has been around ever since the days of sailing ships, when the rich created the corporation as a vehicle to limit their risk. The rich would put their money into a corporation to finance a voyage. If the ship was lost the crew lost their lives, but the loss to the rich would be limited to the money they invested for that particular voyage. Corporations can protect assets and serve as vehicles for the creation of new assets. If you understand that basic secret, then you’re ready to master the art of building the B-I triangle. There are many people with great ideas but few people with great fortunes. The B-I triangle has the power to turn ordinary ideas into great fortunes. † THE BUSINESS-INVESTOR TRIANGLE Anyone can start a company, yet how many can start a company that survives and thrives? Anyone can purchase real estate, yet how many know how to analyze a property or how to structure the purchase to take advantage of the tax savings a vailable for real estate? The key to business success in either business development or real estate lies in the so-called business-investor triangle, or B-I triangle. 88. The Law of Clarity: The clearer you are about your goals and objectives, the more efficient and effective you will be in achieving them. Do You Really Need an MBA? For many years, people have gone back to school to get an MBA (Masters of Business Administration) because it’s the â€Å"thing to do. † Companies want to see the degree on your resume, making the degree the fastest track to corporate executive positions and bigger paychecks. This has been the case for some time, and truth be told, this is still the case. Consider the statistics garnered from research with recruiters worldwide: ? Demand for MBAs is rising at about 20 percent per year. Demand for MBA/consultants is up about 35 percent. ? Salaries are on the rise, with the average new MBA graduate starting at $84,500; in some areas, the salary is well over $100,000. But money is just one reason why you may want to seek an MBA. Here are some equally (if not more) important reasons: ? To develop skills in busines s functions: economics, finance, marketing, management, operations, and accounting. ? To acquire valuable soft skills: leadership, teamwork, ethics, and communication. ? To develop an entrepreneurial mindset: you want to become innovative and opportunistic to tackle the challenges of a dynamic, global world. Exploring the New World of Business Due to the nature of competition – where only the fittest companies are destined to survive – businesses are always pushing the envelope of creativity, innovation, and technology. They’re constantly testing new approaches, new procedures, new processes, and new ways of doing business – looking for a little (or large) advantage over their competitors. These are exciting times in business, as evidenced by the following: ? The Internet has leveled the playing field for small companies. They can now look and act as multinational corporations and reach millions of customers without the burden of physical assets such as plants and equipment. ? New business models, communication technologies, and distribution methods enable businesses to take their products and services anywhere they want. ? Successful entrepreneurs such as Bill Gates and Warren Buffet continue to demonstrate to the rest of the business world what it means to be philanthropic. ? A new generation of workers – the New Millenials – are changing management styles and corporate culture as they force baby-boomer bosses to consider a new definition of work ethic. The business world can watch in amazement as China grows at light speed. It will become the biggest economic power in the world in the not-too-distant future. ? Everyone with a computer and an Internet connection has access to the same information (â€Å"Just Google it! † has become a popular search engine phrase). Because of You Tube, for instance, everyone can have their 15 minutes of fame on the Internet. Rich Dad’s Guide To Investing Investments of the Rich â€Å"†¦I was most intrigued by the idea that there were investments only for the rich, and then there were investments for everyone else. I remembered that when I was a kid working for rich dad, all he talked about was building his businesses. But now that he was rich, all he talked about was his investments†¦investments for the rich. † â€Å"The only reason I built businesses was so I could invest in the investments of the rich. The only reason you build a business is so that your business can buy your assets. Without my businesses, I could not afford to invest in the investments of the rich. † Rich dad went on to stress the difference between an employee buying an investment and a business buying an investment. He said, â€Å"Most investments are too expensive when you purchase them as an employee. But they are much more affordable if my business buys them for me. † â€Å"Learn to build businesses and invest through your businesses. † â€Å"When I spent time with my rich dad, I began to realize that he saw a completely different world. He could see a world of too much money. That view was reflected when he said, â€Å"Don’t worry about money. If we do the right things, there will always be plenty of money,† or â€Å"Don’t let not having money be an excuse for not getting what you want. † â€Å"The trouble with being young is that you don’t know what it feels like to be old. If you knew what being old felt like, you would plan your financial life differently. † â€Å"It is important to plan as early in life as possible. † â€Å"Words form thoughts, thoughts form realities, and realities become life. The primary difference between a rich persons and a poor person is the words he or she uses. If you want to change a person’s external reality, you need to first change that person’s internal reality. That is done through changing, improving, or updating the words he or she uses. If you want to change people’s lives, first change their words. And the good news is, words are free. Investing is a plan, often a dull, boring, and almost mechanical process of getting rich†¦it is simply a plan, made up of formulas and strategies, a system for getting rich†¦almost guaranteed (almost because there is always risk involved). â€Å"I now realize why it is so hard for most people to follow a simple plan†¦Because followin g a simple plan to become rich is boring†¦Human beings are quickly bored and want to find something more exciting and amusing. That is why only three out of a hundred people become rich. They start following a plan, and soon they are bored. So they stop following the plan and then they look for a magic way to get rich quick. They repeat the process of boredom, amusement, and boredom again for the rest of their lives. That is why they do not get rich. They cannot stand the boredom following a simple, uncomplicated plan to get rich. People think there is some magic to getting rich through investing. Or they think that if it is not complicated, it cannot be a good plan. Trust me; when it comes to investing, simple is better than complex. † BASIC RULE NUMBER ONE Investment basic rule number one is to always know what kind of income you are working for. There are 3 different kinds of income: 1. Earned Income: income generally derived from a job or some form of labor. In its common form, it is income from a paycheck. It is also the highest-taxed income, so it is the hardest income with which to build wealth. When you say to a child, â€Å"Get a good job,† you are advising the child to work for earned income. 2. Portfolio Income: income generally derived from paper assets such as stocks, bonds, mutual funds etc. Portfolio income is by far the most popular form of investment income, simply because paper assets are so much easier to manage and maintain than any others. . Passive Income: income generally derived from real estate. It can also be income derived from royalties from patents or license agreements. Yet approximately 80% of the time, passive income is from real estate. There are many tax advantages available to real estate. BASIC RULE NUMBER TWO Investment basic rule number two is to convert earned income into PORTFOLIO INCOME or PASSIVE INCOME as efficiently as possible. BASIC RULE NUMBER THREE Investment basic rule number three is to keep your earned income secure by purchasing a security you hope converts your earned income into passive income or portfolio income. SECURITY – A security is something you hope will keep your money secure. And generally, these securities are bound up tight by government regulations. BASIC RULE NUMBER FOUR It is the investor that is really the asset or the liability. BASIC RULE NUMBER SIX If you are prepared, which means you have EDUCATION and EXPERIENCE, and you find a good deal, the money will find you or you will find the money. Good deals seem to bring out the greed in people. And I don’t mean to use the word greed in a negative way. I speak of greed as a general human emotion, an emotion we all have. So when a person finds a good deal, the deal attracts the cash. If the deal is bad, then it is really hard to raise the cash. WHAT IS TO â€Å"REFINANCE†? To finance something means to take a loan to buy something. The loan amount is almost always less than the total value of that thing. To refinance means to take a different loan on that same thing. The refinance process always makes sure that the original lender is paid first, and the borrower gets or pays the difference. Example: 1) I borrow $80 to buy a $100 home from Lender X. Five years later: ) The house value increases to $125 (and I still owe $75 to lender X from step one) 3) I refinance by borrowing $100 because my home value has increase, but I dont get all $100. $75 goes to Lender X, and I get $25 (and now I owe more money) This is also called pulling out equity Ive pulled out $25 of equity from my home, but this is problematic if home values have peaked, and shortly after experience a drop in value. If six moths l ater, my home value drops to $95, then Im under water because my house is then worth less than what I owe on it: $100. Thats what a lot of people are facing now.