Tuesday, August 6, 2019

Blake Recalls Innocence and Experience Essay Example for Free

Blake Recalls Innocence and Experience Essay When attempting to penetrate into the deeper themes of William Blakes cycle of poems Songs of Innocence and Experience it can be useful to recognize that the title of the poems, as well as the subsequent division into sections of innocence and experience carries ironic connotations. Blakes intention in this cycle of poems, which he subtitled Shewing the Two Contrary States of the Human Soul (Ostriker, 1977, p. 104) was to posit the relationship of individual freedom and self-determination as being at one with Divine Will. Therefore, the state of innocence which is referred to in the cycles title as well as in the division of poems itself is meant to suggest not ignorance which leads to innocence but the innocence which is gained (or reclaimed) by the experience of the Divine. In fact the first poem in the innocence cycle, Introduction makes plainly manifest, Blakes ironic use of the titular connotations of innocence and experience. The poems second stanza reads: Pipe a song about a Lamb; So I piped with merry chear, Piper pipe that song again So I piped, he wept to hear (Ostriker, 1977, p. 104) The subtlety of Blakes theme here is so accomplished as to be almost invisible when one reads the lines without carefully probing each word for its connotations. Special attention must be given to each word-choice to extract from the sing-song pleasantness of the poem, the resounding and profound thematic ideas which lay beneath the poems surface. The word Lamb for example is capitalized not only to emphasize the mythic and religious ideas which are an intimate part of Christian symbolism, but to inform the reader that Lamb is, indeed, the theme of the entire poem. The repeating of the word piped is intended to show that the Divine voice is always trying to break through to humanity; the line So I piped, he wept to hear reveals that this song of innocence is, in fact, a song of experience: the knowledge that humanity is blind to, or in this case, deaf to, the Divine voice. While Blake emphasizes a state of idealism in his Songs of Innocence and Experience nowhere does he proffer the idea of passive acceptance of the worlds injustices or pain. In fact, passivity to the worlds suffering is defined not in the poems of innocence but in a poem of experience where Blakes verdict on the lack of empathy in the modern world could be made no more certain or clear. His poem London is a lament for precisely this idea of passive acceptance of world injustice and suffering: In ever cry of every man, In every Infants cry f fear, In very voice; in every ban, The mind-forgd manacles I hear (Ostriker, 1977, 128). In these lines, the capitalized word Infants denotes a connection to the Lamb of th other poems: in Blakes Songs of Innocence and Experience the lamb and the child are both symbols of the individuated self, and also of the Divine Will, which Blake, as mentioned, attempts to unify in his poetry. (Ostriker). The phrase mind-forgd manacles is important because it shows how a lack of empathy and compassion or even concern for the worlds troubles is a function of ignorance, of a bad kind of innocence a worldly oblivion, which stands in sharp contrast to Blakes idealized state of Divine innocence which is often frustrated by the materiality of ignorance of the world, but is nevertheless, an inheritance, according to Blake, which is due to every living individual on earth. The attainment of a state of ideal innocence in Blake denotes a state of self-awareness and self-identity which steps outside of the concerns of material wealth and social standing and relies purely upon the human heart as its gauge of success and its proximity to the Divine as a measure of its truth. Reference Ostriker, Alicia. 1977. William Blake: The Complete Poems. Penguin Books, New York.

Monday, August 5, 2019

Study on the Variability in Foreign Exchange Rate

Study on the Variability in Foreign Exchange Rate 1.0. Introduction Variability in foreign exchange (FX) rate has been one of the major economic and financial factors affecting cash flows and common stocks value. After the collapse of post-war Bretton Woods fixed exchange rates in the 1970s, the relative prices of currencies began to fluctuate. The rapid expansion in international trade and adoption of floating exchange rate regimes by many countries led to increase exchange rate volatility. As economic integration and globalization have been increasing year by year, exchange rate movements have become very important source of risk for financial firms as well as non-financial firms. In this context, it is very important to mention that virtually all existing empirical studies estimate currency exchange rate exposures on the basis of share prices. However, the assessment of cash flow and stock price exposures which will be studied in this research will represent a rational alternative to the analysis of stock price exposures. In fact, it is the impact of exchange rate risk on corporate cash flows rather than equity prices per se, that is emphasized in the theoretical literature on corporate risk management, either for tax reasons, managerial performance, bankruptcy, investment decisions or compensation purposes. Jacque (1996) points out that change in a companys earnings due to unexpected foreign currency exchange rate changes relatively to their domestic currency is considered as foreign exchange rate risks. Changes in exchange rates may affect firms profitability and value. Exchange rate changes can also impact on the level of competitiveness of the firms which are exposed to exchange rate risk, or affect the value of their net assets denominated in foreign currencies. Adler and Dumas (1984) show that even firms whose entire operations are domestic may have affects of exchange rates of foreign currencies, if their output and input prices are influenced by currency movements. Moreover, Eiteman et al. (2006) says that in general, firms are exposed to three types of foreign exchange risk: translation exposure, transaction exposure and economic exposure. Translation and transaction exposures are accounting based and defined in terms of the book values of assets and liabilities denominated in foreign currency. In practice, economic exposure is computed as the net sensitivity of some aggregate measure of firm value to currency fluctuations. Economic exposure contains of the direct and indirect effects of currency fluctuations by focusing on the net sensitivity. At the corporate level, changes in exchange rates affect the firm value, because future cash flows of the firm will change with exchange rate fluctuations. In other words, exchange rate changes have important implications for financial decision-making and for firm profitability. It is widely believed that changing exchange rates affect the competitiveness of firms engaged in international competition. According to Luehrman (1991), a falling home currency promotes the competitiveness of firms in home country by allowing them to undercut prices charged for goods manufactured abroad. Many simple partial equilibrium models (e.g. Shapiro) predict an increase in the value of the home country firm in response to a real drop in the value of the home currency. Economic theory suggests that under a floating exchange rate regime, exchange rate appreciation reduces the competitiveness of export markets; it has a negative effect on the domestic stock market. Conversely, if the country is import denominated, exchange rate appreciation may have positive affect on the stock market by lowering input costs. Problem statement As economic integration and globalization have been increasing year by year, exchange rate movements have become very important source of risk for financial firms as well as non-financial firms. Also, the internationalization of capital markets has resulted in inflow of vast sums of funds between countries and in the cross listing of equities. This has therefore made investors and firms more interested in the volatility of exchange rate and its effect on stock price and stock market volatility. According to Yucel and Kurt (2003), floating exchange rate appreciation reduces the competitiveness of export markets; and has a negative effect on share prices as well as the domestic stock market. On the other hand, for import dominated country, it may have positive effect on the stock market by lowering input costs. Malaysia presents an example of an open economy which engages in international trade with several countries and hence susceptible to foreign exchange rate volatility. Malaysian exchange and trade system have been liberalized for many years. Malaysia now follows a floating exchange rate policy. Malaysian economy has been suffered from Asian financial crisis 1997 and World financial crisis 2008. As a result volatility in foreign exchange rate and deviation from purchasing power parity might become persistent in the economy. Most of the firms operating in Malaysia are affected in many ways from these economic conditions. The firms have faced higher business risk and foreign exchange risk. However, empirical evidence on the influence of foreign exchange market volatility on stock market is largely inconsistent. These have been in the contest of developed economies. Mishra (2004) found no theoretical consensus on the interaction between stock prices and exchange rate. However, Solnik (2000) argues that there is a negative correlation between stock market and local currency. The openness of a countrys economy is recognized as a cause of volatility of its market. Malaysia presents a classic example of an open economy which engages in international trade transaction. Moreover, with advert of globalization, developing economies are becoming more integrated into developed economies as the results of increasing flow of imports and exports. Malaysia is not an exception. A cursory examination of foreign exchange rate history in Malaysia shows some considerable level of volatility. Therefore, it would be interesting to explore the effect of its foreign exchange volatility on cash flows as well as stock prices of its non-financial companies. Again, much work on the effect of the exchange rate volatility in the developing country like Malaysia has not been done. Thus, for that reason the study intended look at the effect of foreign exchange exposure on companies cash flows and stock prices in Malaysia. Research objectives Objective of the current research is to determine whether cash flows and stock prices of companies are affected by exchange rate exposure. This research project attempts to assess the economic exposures of the firms chosen from the Bursa Malaysia Main market. The issues are important for investors as well as corporate risk management. To examine the relationship between cash flows of the companies and exchange rates; To examine the relationship between stock prices of the companies and exchange rates; To determine which currencies have major influence on the companies cash flows? To determine which currencies have major influence on the companies stock prices? Research questions The research aims to find answers to the following questions: Whether cash flows of the companies exposed to exchange rate risk? Whether stock prices of the companies exposed to exchange rate risk? Which currencies have major influence on the companies cash flows? Which currencies have major influence on the companies stock prices? Significance of the study The estimation of exchange rate exposure is a relatively new area in international finance. After 1973, managers and economists become more concerned about the exchange rate fluctuations on firms. Also, for the past decade, researchers have been empirically investigating the exchange rate exposure of the firms. Following Adler Dumas (1984) most of the research measures the exposure as the elasticity between change in firm value and exchange rate. Empirically, this exposure elasticity is obtained from a regression of stock returns on an exchange rate change (Bodnar Wong, 2000). In practice, there is little general agreement on the use of appropriate choice of ‘‘aggregate measure. In this research project it is focused on the impact of economic exposure of Malaysian firms values. Corporate managers will also be interested in the exposures of corporate cash flow measures such as sales, operating cash flow and earnings for reasons of corporate planning and risk management. Scope of the study The current study one of the new studies in international finance and risk management. In general, the research will assess the economic exposures for the companies listed in Bursa Malaysia Main Market from the years 2000 to 2008. For the research, first, all sample companies stock returns will be regressed on exchange rate change and market return. In the second step, companies will be examined according to one specific character, which is export volume. LITERATURE REVIEW Introduction It is also noticeable whether the firms cash flows are sensitive to exchange rate movements. Perhaps we should also point out the fact that Grambovas and McLeay (2006) are convinced that empirical analysis confirm that currency fluctuations may affect firm values, especially with consideration to the influence of foreign exchange rate movements on the firms cash flows and their accounting earnings, and on their stock prices. Previous literature Miller Reuer (1998) conducted a study on the implications of differences in strategy and industry structure for firms economic exposures to foreign exchange rate movements. According to their results, 13-17 % of US manufacturing firms exposed for foreign exchange rate movements. Also they indicated that foreign direct investment reduces economic exposure to foreign exhange rate movements. Martin and Mauer suggest that economic exposure, which typically has a longer-term time dimension, encompasses the competitive and indirect effects of exchange rate risk. Many academics such as Hodder (1982), Marston (2001) Pringle (1995), Shapiro (1975) and von Ungern-Sternberg von Weizsacker (1990) argue that unlike transaction exposure, economic exposure can affect even domestic firms. Economic exposure arises from changes in the sales prices and volumes, and the cost of inputs of the firm and its competitors as a result of exchange rate changes. Miller Reuer (1998) and Sundaram Black (1992) argued that geographically positioning production, sales, sourcing, and financing operations is effective for reducing economic exposure. Glaum, Brunner and Himmet (2000) examined the economic exposure of German corporations to change in DM/US dollar exchange rate. They found that German firms are significantly exposed to changes in DM/US dollar rate. Several studies focused on the some companies and they demonstrated that exporter firms stock values are more sensitive to change in foreign exchange rates (Mao and Kao, 1990; Bortov and Bodnar, 1992). The study by SÃ ¶hnke M. Bartram (2007) found significant exposure of several firms to at least one of the foreign exchange rates, and significant exposures found by them were more frequent at long-term horizons. They also argue that the impact of exchange rate risk on share prices and cash flows is similar and determined by a correlated set of economic factors. Moreover, Dominguez and Tesar (2006) found that exchange rate movements do matter for a significant fraction of firms, though which firms are affected and the direction of exposure depends on the specific exchange rate and varies over time, suggesting that firms dynamically adjust their behavior in response to exchange rate risk. Exposure is correlated with firm size, multinational status, foreign sales, international assets, and competitiveness and trade at the industry level. Martin and Mauer (2003) pointed out that cash flow effects are greater for long-term lags than for short-term lags in exchange rate movements. This result may occur because transaction exposure is easier to assess and hedge, whereas economic exposure is more difficult to recognize and hedge. While Bartram (2007) suggests significant exposure of several firms to at least one of the foreign exchange rates such as CAD, JPY and EUR, and significant exposures determined by Bartram (2007) were more frequent at long-term horizons. The percentage of firms observed for which stock price and earnings exposures were considerably different was relatively low, though it increased with time horizon. Finally, he was convinced that the impact of exchange rate risk on stock prices and cash flows is similar and determined by a related set of economic factors. Batram and Karolyi (2006) took a new look at the exposure puzzle by studying the potential impact of the introduction of the Euro on stock returns of 3,220 non-financial firms from 20 countries. Their findings suggest that the introduction of the Euro decreased foreign exchange rate exposure, but these changes are statistically and economically small. According to Tesar and Dominguez (2006), factors such as firm size, multinational status, foreign sales, international assets, and competitiveness and trade at the industry level may influence economic exposure of the companies. These factors may either increase the companies economic exposure or decrease. These factors influence on the companies economic exposure will depend on how significantly these factors are correlated with the companies cash flows and operations, and if there are significant correlation between them, we should also point out whether these significant correlations are positive or negative. Empirical analysis by Grambovas and McLeay (2006) confirmed that exchange rate fluctuations will affect firm values, especially with regard to the influence of exchange rate movements on the cash flows and accounting earnings of companies with international exposure, and on their stock prices. Recent studies by Priestley and Odegaard (2007) studied the exchange rate exposures by orthogonalizing the market returns with respect to changes in exchange rates and a set of macroeconomic factors. Their findings suggest that the extent of exposures is only fully exposed when it is subdivided the sample period into regimes and at the same time used an orthogonalized market portfolio in the regression. Batram and Karolyi (2006) studied the exposure puzzle by looking at the potential impact of the introduction of the Euro on stock returns of 3,220 non-financial firms from different 20 countries. It was found that the introduction of the Euro had decreased foreign exchange rate exposure, but the changes were statistically and economically very small. However, Bae, Kwon, and Li (2008) having studied the exchange rate exposure and risk premium by using data on American depositary receipts (ADR) of Australia, France, Japan and the U.K., found that changes in the exchange rates were negat ively correlated with the underlying shares of ADRs, but they were positively correlated to ADR returns observed in the U.S. markets. Moreover, they discovered that U.S. and local investors require different risk premiums for exchange rate risks presented in ADR investments. Griffin and Stulz (2001) found weak evidence of statistically significant exchange rate exposures, and the economic significance of the estimated exposures was low. A first main study of the foreign exchange exposure fact done by Jorion (1990) found a significant impact of foreign exchange rate risk on share prices for 5.2 percent of the analyzed 287 U.S. MNCs at the 5 percent level. Choi and Prasad 1995 developed a model and examined the exchange rate sensitivity of 409 US multinational firms. Their findings indicated that change in exchange rate affected firm value. They found that 60 percent of firms had significant exchange rate exposure. In their study, Choi and Prasad (1995) found that 14.9 percent of the individual firms in the U.S. and 10 percent of the industry portfolios showed a significant exchange rate exposure at the 10 percent level, corroborating earlier findings. Domely and Sheehy (1996) found contemporaneous relation between the foreign exchange rate and the market value of large exporters in their study. Comparable results were found outside the United States by He and Ng (1998). For instance only some multinational companies in Japan (26.3% and 53.8% for different time periods) showed a significant exchange rate exposure with regard to a multilateral exchange rate index. Some studies look into the exposure of industry portfolios in several countries, there were found percentage yields of companies with significant exposure of 15% (United States), 4% (Japan) and 6% (United Kingdom) by Prasad and Rajan (1995), or 23% (United States), 21% (Canada) and 25% (Japan) by Bodnar and Gentry (1993) at the 5% level. Study by Bartram and Karolyi (2006) suggests that the FX rate exposure of non-financial firms is systematically linked to firm characteristics such as sales, the percentage of foreign sales in general and in Europe in particular, regional factors like geography, strength of currency and industry characteristics like competition, traded goods. Study examined by Allayannis and Ihrig ( 2001) speak about stock price exposure to international trade activities of U.S. industries, and Bodnar et al. (2002) mention the significance of pass-through for exposure. Moreover, Starks and Wei (2004) found that the scale of exchange rate exposure is linked to proxies for probabilities of financial distress, product uniqueness and growth opportunities. However, the evidence of corporate foreign exchange rate exposures on a cash flow basis is very thin and inadequate to individual case studies. Garner and Shapiro (1984) investigated the foreign exchange rate exposure of Vulcan Materials Company by regressing changes of its quarterly operating cash flows on changes in the exchange rate of USD against GBP, and showed only small and statistically irrelevant foreign exchange rate exposures. Moreover, Oxelheim and Wihlborg (1995) use quarterly changes of total cash flow, commercial cash flow and sales revenue as dependent variables in the exposure analysis of Volvo Cars. Results by Oxelheim and Wihlborg (1995) indicate that the financial situation of the company reduces exposures with regard to changes in the DEM/SEK exchange rate only to a modest degree. One more study by Bartram (2005) investigated the exposure of a large nonfinancial company based on proprietary internal as well as external capital markets data. Analysis by Bartram (2 005) illustrated that the irrelevance of foreign exchange rate exposures of wide-ranging performance measures such as total cash flow and/or share price can be explained by hedging at the company level. Several studies focused on the some companies and they demonstrated that exporter firms stock values are more sensitive to change in foreign exchange rates (Mao and Kao, 1990; Bortov and Bodnar, 1992). In the most of the studies foreign exchange exposure was measured by regression analysis by using stock returns. Adler and Simon (1986) measured economic exposure as the slope of stock return on exchange rate change. Jorions (1990) model was established by adding the return of the market to control for market movements. As Jorion, Booth and Rotenberg (1990) and Bodnar and Gentry (1993) examined economic exposure with market return, Miller and Reuner (2000) estimated economic exposure by multivariate modelling approach. They applied three-currency model, also add some specified macroeconomic variables such overall stock market return and interest rates. Flanney and James (1984) and Sweeney and Warga (1986) also used interest rates in their models. Doneely and Sheehy (1996) formed a porfolio with 39 companies, and examined the relationship between abnormal return on exporting firms portfolio and return on sterling. Khoo (1994) estimated mining companies economic exposure by using excha nge rates, interest rates and price of oil. METHODOLOGY 3.0. Economic Exposure Measurement In order to measure Malaysian companies economic exposure I decided to follow Adler Simon (1986) model. I will measure economic exposure as the slope coefficient from a regression of stock returns on exchange rates. R it = ÃŽ ±i + ÃŽ ²i et + eit (1) ÃŽ ±i = constant term R it = Stock return for company i. et = Percentage change in exchange rate The coefficient ÃŽ ²i represents the sensitivity of a company is stock returns to exchange rate movements. In the model exchange rate quotation is direct quotation for Malaysia. In other words it is shown as MYR per one unit of the foreign currency. Positive value of ÃŽ ²i means that a depreciation of MYR corresponds to an increase in the value of company i. In the study, I will apply another model as Jorion approach. Jorian introduced another macroeconomic variable market return to control for market movements. To control for the ‘common macroeconomic influences on total exposure elasticities; most emprical studies include the return to a market portfolio with the exchange rate variable in their emprical models (Bodnar Wong, 2000). R it = ÃŽ ±i + ÃŽ ²1i et + ÃŽ ²2i Rmt + eit (2) ÃŽ ±i = constant term R it = Stock return for company i. et = Percentage change in exchange rate Rmt = Market return Ordinary least squares regression was used to estimate models. Exchange rate movements can be measured in nominal or real terms. Real movements are defined as nominal movements adjusted for price level changes across countries. In some studies (Khoo, 1994; Bodnar and Wong, 2000), since real and nominal exchange rates are highly correlated both or one of them are used. Also in some studies trade weighed foreign exchange rate used. The exchange rate used in the study is real effective exchange rate, which is calculated by the Bank Negara (Malaysian Central Bank). The market index I employ will be FTSE Bursa Malaysia Mid 70 Index. In both model, it will be focused on individual firm value. Choi and Prasad (1995) state that examining exchange rate risk on aggregate level, on portfolio or market index, may not reveal the true exchange risk sensitivity of firm value. They claim that a firm level study is necessary to understand whether and why individual firms display varying sensitivity to exchange risk. I follow their approach in my analysis. 3.1. Data In order to examine Malaysian companies economic exposure, I constructed a sample. Sample companies stocks are publicly traded in FTSE Bursa Malaysia market. Only medium and big sized companies will be included. It will be used monthly data to estimate exchange rate sensitivity of the equity for the period from January 2000 to December 2008. Sample companies economic exposure will be examined in two steps. First, all sample companies stock returns will be regressed on exchange rate change and market return. In the second step, companies will be examined according to one specific character, which is export volume. The companies will be divided into two: exporter and non-exporter firms. It will be identified companies as an exporter company, if their foreign sales level is at least 20% of total sales in 2000. Individual stock returns for companies and FTSE Bursa Malaysia market return data will be collected from Bursa Malaysia sources and DataStream in UUM Library.

Sunday, August 4, 2019

Comparing Nothings Changed and Charlotte ONeils Song :: Farrel Afrika Poetry Poems Culture Essays

Comparing Nothing's Changed and Charlotte O'Neil's Song Both poets are protesting about the injustices and inequalities of their own respective cultures. In "Nothing's Changed" Afrika protests about the differences in the way that black and white people are treated in South Africa. The poem illustrates how, although the South African apartheid system was abolished in the early 1990s nothing had really changed beyond paperwork. Afrika was once quoted in an interview as saying "We may have a new constitution, we may have on the face of it all a beautiful democracy, but the racism in this country is widespread. We try to pretend to the world that it does not exist but it most certainly does, all day long, every day, shocking and saddening and terrible." He reinforces these feelings in his poem. He begins the poem in a calm mood. He describes his walk down the path towards district six in a calm, almost leisurely way. When he reaches district six the sense of calm leaves and the anger in the poem starts to become apparent. He talks about how there is no sign to show the name of the area but he can feel it. "No board says it is: But my feet know, And my hands, And the skin about my bones, And the soft labouring of my lungs, And the hot, white, inwards turning Anger of my eyes." It would seem that he does not have good memories of this place. His immediate change of mood as he nears district six seems to show his feelings towards the area. We start to get the feeling that whatever has happened here has affected him deeply and personally. Afrika is outraged by the hidden racism in his country. Even though by law black, white and coloured people are considered equal in practise quite the reverse is true. In the poem he describes a white's only inn. He uses quite harsh language in his description. "Brash with glass, Name flaring like a flag, It squats, In the grass and the weeds Incipient Port Jackson trees: New, up-market, haute cuisine, Guard at the gate post, Whites only inn" There is a lot of personification in this description. The word brash suggests the arrogance of the place. The name flaring like a flag is suggestive of the inn displaying its conquest of the area. Simply by being there Afrika feels that the inn has committed a great atrocity as it is a place where a coloured man would obviously not be welcome even in the absence of apartheid. The word squats I think is not as though it were sitting but as though it were occupying the land illegally. Incipient literally means imported.

Saturday, August 3, 2019

How Music Effects Mood and Perception in Motion Pictures Essay

Music is a fundamental necessity in the world that we live in today. We all implement music in our everyday lives whether it’s professionally or solely for entertainment purposes. Some people build careers on music as musicians, composers, singers, or teachers while the latter of us just need music to get through the day whether we’re driving or at work or just need to relax. The need for music in our contemporary society affects us in a myriad of different ways--including the undeniable effect on our moods. The sound of just one note, one chord, can send an instantaneous message to the brain that, psychologically, can make us think or act in a certain way. These reactions can positively or negatively our moods depending on the composer’s intentions and our perceptions. Filmmakers implement the same idea using music to evoke a certain feeling or reaction/perception in their audience.   Ã‚  Ã‚  Ã‚  Ã‚   Music in motion pictures is an indispensable tool filmmakers utilize to effect the mood of their audience. It often gets underrated as a predominant psychological force as it is employed subliminally by filmmakers under their narrative so that their audience is unaware of its presence. Nicholas Cook, author of Analyzing Musical Multimedia, states, â€Å"words and pictures deal primarily with the specific†¦while music deals primarily with responses--that is, with values, emotions, and attitudes†¦.†(22). However, there is certain music that is suppose to be heard by the audience as part of the cinematic diegesis. All sounds that are understood by characters in the narrative are referred to as diegetic; however, those sounds that are not part of the diegesis are referred to as nondiegetic. This would suggest that diegetic music is processed on the conscious level while nondiegetic music might remain on the subconscious level (Gorbman, 75). Although many people might be unaware of these two types of sounds while screening a film, it effects their reactions, interpretations, and moods significantly.   Ã‚  Ã‚  Ã‚  Ã‚  The role of music in a motion picture is in direct relation to the level of ambiguity in a particular visual scene. The more ambiguous a scene is, the more filmmakers rely on their composers to develop a musical score that interprets the meaning of the scene for their audience. Therefore, music provides a cue for the listener to tell... ...t in a film and exactly how they felt in that moment. Most importantly, music sets the pace of a film to play on our emotions. Some films are slow and emotive that allow directors to incorporate music to influence the audience’s emotions; other are fast paced and exciting which can also exuded through the use of music. Where would the art of cinema be without the use of music today? I know for sure that films wouldn’t be as powerful and as captivating to the mind and soul of viewers without the use of this powerful tool.   Ã‚  Ã‚  Ã‚  Ã‚   Works Cited Boltz, Michael. â€Å"Musical Soundtracks as a schematic influence on the cognitive processing   Ã‚  Ã‚  Ã‚  Ã‚  of filmed events.† Music Perception. Vol. 18 (4). 2001. Cook, Nicholas. Analyzing Musical Multimedia. Oxford University Press: New York,   Ã‚  Ã‚  Ã‚  Ã‚  1998. Gorbman, Claudia. Unheard Melodies: Narrative film music. Indiana University Press:   Ã‚  Ã‚  Ã‚  Ã‚  Bloomington, Indiana, 1987. Langer, Suzanne. Feeling and Form. Prentice Hall: London, 1977. Whittall, Arnold. â€Å"Leitmotif† The New Grove Dictionary of Music Online. 2003. 20 Nov.   Ã‚  Ã‚  Ã‚  Ã‚  2004. .

Free Grendel Essays: Good Requires Evil :: Grendel Essays

Good Requires Evil in Grendel The classic struggle of good versus evil is taken from a different perspective in Grendel, a story in which John Gardner demonstrates that neither one can exist without the other. As in the parallel comparison of beauty to ugliness, it can be seen that good and evil are only identifiable in their contrast of one another. If there was nothing defined as beautiful, for instance, nothing could be ugly. There would be no such concept. Similarly, having no definition of good would make evil, too, a non-existent idea. In Grendel, Gardner grasps this thought, and maximizes its importance with the help of a horrendously confused monster and the society that he terrorizes. Throughout the novel, this monster, Grendel, seems confused as to whether he wants to view life like his existentialistic dragon mentor, or like the ignorantly optimistic humans on which he feeds. At times he is captivated by the romantic songs of the Shaper, and feels no desire to kill, while at others he thrives on the "knowledge" of the dragon, and goes on bloody rampages. At one point during Grendel's insecure state, the dragon tells him something that changes his outlook, and gives him a new feeling of self-worth. "You improve them, my boy! Can't you see that? yourself? You stimulate them! You make them think and scheme. You drive them to poetry, science, religion, all that makes them what they are for as long as they last. You are, so to speak, the brute existent by which they learn to define themselves. The exile, captivity, death they shrink from--the blunt facts of their mortality, their abandonment--that's what you make them recognize, embrace! You are mankind, or man's condition: inseparable as the mountain-climber and the mountain." (72-3) In short, the dragon is saying, "You are evil and they are good, but the only thing that makes them good is you." In this statement, it is apparent that good and evil have inseparable, yet undefinable boundaries, and are actually two in the same. Grendel's evilness motivates the fearful people to work, to strive, to think, and to overcome their problems. In this, however indirect or abstract it may seem, Grendel is actually producing good. Amazingly, he manages to be both evil and good at the same time. On the other hand, it is obvious that "evil" Grendel could not survive without the "good" humans. Free Grendel Essays: Good Requires Evil :: Grendel Essays Good Requires Evil in Grendel The classic struggle of good versus evil is taken from a different perspective in Grendel, a story in which John Gardner demonstrates that neither one can exist without the other. As in the parallel comparison of beauty to ugliness, it can be seen that good and evil are only identifiable in their contrast of one another. If there was nothing defined as beautiful, for instance, nothing could be ugly. There would be no such concept. Similarly, having no definition of good would make evil, too, a non-existent idea. In Grendel, Gardner grasps this thought, and maximizes its importance with the help of a horrendously confused monster and the society that he terrorizes. Throughout the novel, this monster, Grendel, seems confused as to whether he wants to view life like his existentialistic dragon mentor, or like the ignorantly optimistic humans on which he feeds. At times he is captivated by the romantic songs of the Shaper, and feels no desire to kill, while at others he thrives on the "knowledge" of the dragon, and goes on bloody rampages. At one point during Grendel's insecure state, the dragon tells him something that changes his outlook, and gives him a new feeling of self-worth. "You improve them, my boy! Can't you see that? yourself? You stimulate them! You make them think and scheme. You drive them to poetry, science, religion, all that makes them what they are for as long as they last. You are, so to speak, the brute existent by which they learn to define themselves. The exile, captivity, death they shrink from--the blunt facts of their mortality, their abandonment--that's what you make them recognize, embrace! You are mankind, or man's condition: inseparable as the mountain-climber and the mountain." (72-3) In short, the dragon is saying, "You are evil and they are good, but the only thing that makes them good is you." In this statement, it is apparent that good and evil have inseparable, yet undefinable boundaries, and are actually two in the same. Grendel's evilness motivates the fearful people to work, to strive, to think, and to overcome their problems. In this, however indirect or abstract it may seem, Grendel is actually producing good. Amazingly, he manages to be both evil and good at the same time. On the other hand, it is obvious that "evil" Grendel could not survive without the "good" humans.

Friday, August 2, 2019

Nursing Research Utilization Project Essay

Plans to Decide the Future of Your Solution This evidence-based practice method will be implemented as a proposed solution to decreasing heart failure (HF) readmission rates. Transitional care activities ensure health care continuity, reduce risk of poor health outcomes, and facilitate safe transfer between levels of care or health care settings (Naylor et al., 2011). Methods and Specific Plans to Maintain a Successful Project Solution Methods and Specific Plans to Extend a Successful Project Solution This proposal will be implemented as a pilot program between the Heart Hospital and the Norfolk branch of the home care agency. If this transitional care program is successful in reducing HF readmission rates, additional sites will be given the opportunity to participate. Preference will be given to those agency locations that have a large HF population served by the Heart Hospital. The project team will reach out to the branch administration and clinical educators to share program details and current data related to readmission rates as a result of program implementation. The team will also assess whether this program proposal is feasible at other hospitals within the health system. The team will gather input from hospital administrators and the informatics department to decide which hospitals would be best suited to pilot this program. In addition, there must be a home health agency that is part of the system located within 25 miles of the hospital. The end goal of this proposal is to achieve system wide implementation of the transitional care program at all 12 acute care facilities and 19 home health branches in Virginia. Methods and Specific Plans to Revise an Unsuccessful Project Solution Ongoing monitoring of the transitional care program for HF readmissions will be performed by the representatives of the hospital and home health agency. On the hospital side, a clinical nurse specialist on the cardiac unit and a program analyst will ensure that referrals are made to appropriate patients and discharge plans include the transitional care activities. On the home health side, the Norfolk branch team leader, clinical informaticist, and information technology data specialist will monitor program operations. This team will collaborate closely to ensure that program implementation is successful. If the program is not yielding the expected outcomes then a strengths, weaknesses, opportunities, and threats (SWOT) analysis will be performed. All barriers identified will be addressed in a timely manner and changes may be made to the initial plan to promote success. In addition, staff and patients will be surveyed to ascertain challenges not readily apparent to the implementation team. These surveys will be designed and conducted by the clinical education department for the hospital and home health agency. The timeframe for conducting patient surveys will occur within seven days of admission into the program and then every 60 days. Since patients will need to be reassessed every 60 days for continuation of home health services, it is feasible to conduct the transitional care program survey concurrently. The team reserves the right to conduct additional patient surveys if a patient is readmitted to the hospital at any time during program participation or opts out of the transitional care program. Staff at the hospital and home health agency will be surveyed 90 days from their training date on the transitional care program and then every six months. Results of these surveys will be shared with the project team implementation coordinators during the monthly team meeting. Methods and Specific Plans to Terminate an Unsuccessful Project Solution Specific Plans for Feedback in the Work Setting and for Communicating the Project and its Results to Professional Groups External to the Project Conclusion Despite its high prevalence, HF care is often fragmented and uncoordinated. The transitional care program proposed by the team seeks to address these gaps in care and to reduce HF readmission rates. Discussion Questions References Melnyk, B.M., & Fineout-Overholt, E. (2011). Evidence-based practice in nursing & healthcare: A guide to best practices. (2nd ed.). Philadelphia, PA: Wolters Kluwer Health/Lippincott Williams & Wilkins. Retrieved from University of Phoenix eBooks. Russell, D., Rosati, R.J., Sobolewski, S., Marren, J., & Rosenfeld, P. (2011). Implementing a transitional care program for high-risk heart failure patients: Findings from a community- based partnership between a certified home healthcare agency and regional hospital. Journal for Healthcare Quality, 33(6), 17-24. Retrieved from EBSCOhost.

Thursday, August 1, 2019

Investigating Number of Stomata on a Leaf

Lab Design â€Å"Investigate the effect of a factor on the number of stomata of a leaf. † Research Question: How do differing leaf heights affect the number/density of stomata of a leaf? Hypothesis Stomata are pores, typically found under the leaf (lower epidermis), that control the gas exchange of transpiration, where water vapor leaves the plants, and carbon dioxide enters. I predict that the stomatal density on high leafs is higher than on low leafs. During photosynthesis the chloroplasts in the leaf cells synthesize ATP from ADP as a result of exposure to light, while oxygen is produced as a by-product of the photosynthetic reaction.Carbon dioxide, which enters the plant through diffusion via the stomata, is needed for this process (photosynthesis) to occur. When the chloroplasts in the leafs cell is exposed to higher light intensities, more ATP is synthesized from ADP, while production of the by-product oxygen also increases. This increase in the rate of photosynthesis ca lls for more â€Å"fuel†, i. e. Carbon dioxide. So for a higher concentration of carbon dioxide to diffuse into the plant, the plant must grow a greater stomatal density (higher number of stomata).This will create a larger surface area for carbon dioxide diffusion, the excretion of water vapor (transpiration) and the large amounts of oxygen being produced. As the higher leafs are exposed to higher light intensities I predict the stomatal density to be high. Lower leafs are exposed to lower light intensities due to, for example, shading by top leafs, and will so have a lower stomatal density than high leafs. Variables Controlled: Type of plant- The type of plant that is going to be used will stay the same, i. e. controlled.The type of plant that is used for this experiment is called Quercus Ilex. Amount of leafs (10 ‘high' leafs, 10 ‘low' leafs)- the ensure fair testing the number of leaves tested from each variable will be the same. Apparatus used- Same set up eac h time. Microscope magnification (400x)- Magnification at which the number of stomata will be counted at is at a magnification of 400x. Independent Variable: Leaf Source- The leaf source regarding to the ‘high' and ‘low' leafs is the variable which will be changed to test the difference in number of stomata of the two variables.Distance between high/low leafs- The distance between the height at which ‘low' and at which ‘high' leaves were picked each time had to be of a minimum of 20cm to ensure plausible results. Lower epidermis of leaf used to count stomatal density- Because Quercus Ilex is a dicotyledonous plant, the number of stomata on the lower epidermis will be higher than on the upper epidermis. This is because dicotyledonous plants hold up their leaves horizontally, which directly illuminates the lower epidermis. So, to prevent water loss, fewer stomata will then be located on the upper epidermis. Dependent Variable:Stomatal Density of high leafs Stom atal Density of low leafs Apparatus/Material 10 high leafs 10 low leafs Clear nail polish Slides Pincette Microscope Clear Tape Calculator Method Find a leaf source that has a significant height from which you will be collecting your leafs from throughout the entire experiment. Determine a low area, of little height from the ground, on the source from which you will pick 10 ‘low' leafs. Repeat step 2, except that the area must be at an increased height distance of at least 20cm, to ensure a fair test and collection of ‘high' leafs from a higher area than that of the ‘low' leafs.Choose a leaf of which the stomatal density is to be examined but don't pick it off the plant. This is so that the plants photosynthetic process will not be disturbed which could lead to change in the leafs natural state and affect your results. Paint a layer of clear nail polish on the lower epidermis of the leaf and wait until it has dried. Use your tweezers to gently peel off the dried la yer of nail polish. Gently peel the area of dried nail polish from the leaf completely. You should see a cloudy impression of leaf surface on the piece of tape. This is the leaf impression. Place the leaf impression to a clean slide.Label the slide for identification if necessary. Focus the leaf impression under a microscope magnification of 40x until it is focused and observe the leaf impression. Find an area that is clean of thumbprints, away from the edge of impression, has no damaged areas or big leaf vein impressions in view. When focused, observe the impression under an increased microscope magnification of 100x and make sure it is focused. When focused, observe the impression under an increased microscope magnification of 400x, the magnification at which you will count the number of stomata, and focus.Count the number of stomata you see in the field of view and record the number in a table under the relevant variable (‘high' or ‘low' leaf). To ensure a fair test, repeat steps 9-13 two times by choosing a new spot on the same leaf to focus on. Use the higher number of the 2 repeats to find the average later on. Repeat steps 1-14 ten times for the 10 high leafs and 10 low leafs. Raw Data: How differing leaf heights affect the number/density of stomata of a leaf One manipulation that was done to the raw data to help make it more useful for interpretation was the rounding off of ? Average # of stomata of ?Final?.. etc? , because firstly a stomata cannot be present in the quantity of a decimal and secondly, so that when drawing the graph all numbers have the same number of significant figures which will produce a neater and more accurate graph. Processed Data: How differing leaf heights affect the number/density of stomata of a leaf Magnification: 400x Field of View (FOV) diameter: 0. 45 mm Radius (r ): 0. 225 mm Surface Area (SA)/mm? N (? r? ) : 3. 14 x (0. 225)? = 0. 159 mm? |Leaf |# of stomata of ‘High' Leafs per 0. 159 mm? 2 Stomata) | | |1 |2 |Final | |1 |39 |35 |39 | |2 |52 |56 |56 | |3 |32 |38 |38 | |4 |50 |40 |50 | |5 |37 |34 |37 | |6 |53 |47 |53 | |7 |45 |42 |45 | |8 |43 |50 |50 | |9 |53 |49 |53 | |10 |42 |39 |42 | |Average # of stomata of ‘Final' per 0. 159 mm?  ± 2 Stomata) | | | |46 | Graphs Graph including processed data trial 1 & 2 for High and Low leafs: Blue: # of stomata on High leafs per 0. 159 mm? , trial 1 Red: # of stomata on High leafs per 0. 159 mm? , trial 2 Yellow: # of stomata on Low leafs per 0. 159 mm? , trial 1 Green: # of stomata on Low leafs per 0. 159 mm? , trial 2 Graph including processed data ‘Final's results for High and Low leafs: High Leafs: Mean value line with value 46. 3, standard deviation: 6. 993 Low Leafs: Mean value line with value 26. 2, standard deviation: 2. 3 Calculations Difference in mean > 46. – 26. 2 = 20. 1 Difference in S. D. > 6. 993 – 2. 3 = 4. 693 Because the standard deviations are much less than the difference in the mean numbe r of stomata, it is very likely that the difference in the mean number of stomata between High Leafs and Low Leafs is significant. T-TEST Null hypothesis: The number of stomata on high leafs and low leafs are not different. The differences in the data sets are the result of chance variation only and they are not really different. Mean of # of stomata on High Leafs: 46. 3 Mean of # of stomata on Low Leafs: 26. 2 t=8. 63 Degrees of freedom= (10+10)–2= 18 Critical value for t=2. 101 (P= 0. 05) Conclusion