Conservation of Water Essay

Nothing could be truer and telling than the fact that water is the elixir of life. Conservation of water is as much essential as preserving our flora and fauna and also protecting our heritage. With the highly disturbing reports of our water sources drying up or depleting in nature and nuance, it is time that we sat up and gave a serious thought and consideration to measures that could help save water and conserve it for use, both for the present and future generations. There is no denying that with the fast changing patterns of life, the demand for water is going to increase, both for domestic and non-domestic purposes. Unless some prompt and purposeful measures are taken to save and conserve water, the day would not be far away when we might be asked to face the music for want of adequate and regular supply of water, for domestic, agricultural, industrial and many other usages. The problem of depleting water sources is real and therefore the measures to meet the challenge should be equally robust and realistic. Knowledgeable people visualise the solution in traditional wisdom and modern technology. Just as the subject of environmental studies is being taught at different levels of school and college education, similarly the subject of water (how to avoid its wastage and conserve it) should be included in school curriculum. If students, in particular, and the public, in general, are made aware how to use water prudently and conserve every drop, we can face the dilemma of scarce water resources and increasing demand for this precious liquid. With modern technology at our disposal, waste-water from cities and industry should be recycled. A comprehensive water policy that addresses the issues related to water resources, water-table going down in certain States, crop pattern or diversification ensuring linkages with sectors like energy, forestry and agriculture, should be drawn up. Last but not least is the crying need to work in harmony with nature and give back what we take. After all the havoc that we have done to nature, the latter is still benign and bountiful. To make the best use of nature’s benevolence, all users of water in India are required to know that discretion is the better part of valor and prudence is the panacea for many a man-made mess.

Self-Proclaimed Philosopher “Charlotte Perkins Gilman”

Charlotte Perkins Gilman was a self-proclaimed philosopher, writer, educator and an intellectual activist of the women's movement from the late 1890's through the mid-1920's. She demanded equal treatment for women as the best means to advance society's progress. She was an extraordinary woman who waged a lifelong battle against the restrictive social codes for women in late nineteenth-century America. Mrs. Gilman was born Charlotte Anna Perkins on July 3, 1860, in Providence, Rhode Island. She was the grandniece of Harriet Beecher Stowe. She attributed her lifelong talent for speaking and her writing ability to her Beecher heritage. Most of what Charlotte learned was self-taught, since her formal schooling was only about six or seven years. Gilman believed early on that she was destined to dedicate her life to serving humanity. When her lover unexpectedly proposed, she was suddenly torn between work and marriage. After years of debating whether to marry or not to marry, she consented and to the best of her abilities carried on the traditional roles of wife and mother, only to suffer a nervous breakdown. When her treatment of total rest drove her close to insanity, she was cured by removing herself physically from her home, husband, and finally her daughter, and by taking part in and writing about the social movements of the day. Later in life she married her first cousin, George Gilman, and again suffered from depression though not as severely as she had suffered throughout her first marriage. Using her life experiences as a female within a male dominated society, Gilman wanted to redefine womanhood. She declared that women were equal to men in all aspects of life. This new woman she described was to be an intelligent, well-informed and well-educated thinker. She would also be the creator and the expresser of her own ideas. She was to be economically self-sufficient, socially independent, and politically active. She would share the opportunities, duties and responsibilities of the workplace with men, and together they would take care of their home. Finally, this new woman was to be informed, assertive, confident, and influential, as well as compassionate, loving, and sensitive, at work and at home. This vision of the future female went against the traditional role of womanhood, not to mention the concepts and values of family, home, religion, community, and democracy. These views have labeled Gilman as a feminist, but theses ideas clearly have a place within educational history. Gilman showed the need to develop higher learning institutions for teacher education and to offer women a place that would train them to think more critically. She viewed the education of women as an essential part of a democratic society. She felt by educating women and thus feminizing society that gender discrepancies within society would end. Gilman began to explore the issue of gender discrepancy within society in the mid-1880's when she first began her career as a writer. Her first published essays focused on the inequality found within marriage and child-rearing. Her well received short story The Yellow Wallpaper told the story of a new mother who was nearly driven insane by the overwhelming traditional duties piled upon her as a wife and mother. The story mirrored that of her own experiences after the birth of her only child. In her highly successful publication of Women and Economics, she studied the issues of gender discrepancy and the relationship between education and women. Gilman stated that humans â€Å"are the only animal species in which the female depends upon the male for food, the only animal in which the sex-relation is also an economic relation. † She said that women's economic dependence resulted in their being â€Å"denied the enlarged activities, which have developed intelligence in man, denied the education of the will, which only comes, by freedom and power. To Gilman, the liberation of women required education and the opportunity to use what they learned to establish social as well as economic independence. In Gilman's journal called the Forerunner, she said the goal of education was to teach men, women and children to think for themselves instead of excepting other people's opinions as their own. She felt that learning centers at the turn of the century were teaching females with masculine content and philosophy. Gilman maintained that the educational philosophy needed to be changed because it was still too narrow in thinking since masculine traits were defined as human while female traits were defined as something other. She felt that these women were being educated to think like men. Once education was feminized, she believed that women could place an emphasis on social responsibility and specialized knowledge, which would develop them to their full potential. Gilman said that by teaching women to dedicate their lives to the common good that it would free them from the daily household routines and help them to recognize their connection and contribution to the world around them and become active members of the economy. In her work entitled Concerning Children she stated that a civilized society is responsible for raising civilized children and that it was the responsibility of everyone in the community to accomplish this by attending to the needs of its young. In Herland, another of her works, she said that children should start their education in infancy. Well-trained professionals should teach this education since motherhood was not a guarantee of teaching abilities. Throughout her long career as a feminist writer and lecturer, Gilman was never comfortable with labels. â€Å"I was not a reformer but a philosopher,† she wrote in her autobiography. â€Å"I worked for various reforms†¦ my business was to find out what ailed society, and how most easily and naturally to improve it. This method was through education. She used her lectures and publications to teach present and future generations about the possibilities that lay open to them. Gilman's writings about the tensions and struggles between marriage and career, social expectations, and personal goals continue to impact women's decisions. Her arguments have greatly heightened our understanding of the power of social norms on individuals, making Gilman's life and literary works a role model for many. Even though these works were written a century ago, Gilman's view of womanhood and education remains important as society continues to struggle with issues of gender and women continue to struggle for equality and independence. Self-Proclaimed Philosopher â€Å"Charlotte Perkins Gilman† Charlotte Perkins Gilman was a self-proclaimed philosopher, writer, educator and an intellectual activist of the women's movement from the late 1890's through the mid-1920's. She demanded equal treatment for women as the best means to advance society's progress. She was an extraordinary woman who waged a lifelong battle against the restrictive social codes for women in late nineteenth-century America. Mrs. Gilman was born Charlotte Anna Perkins on July 3, 1860, in Providence, Rhode Island. She was the grandniece of Harriet Beecher Stowe. She attributed her lifelong talent for speaking and her writing ability to her Beecher heritage. Most of what Charlotte learned was self-taught, since her formal schooling was only about six or seven years. Gilman believed early on that she was destined to dedicate her life to serving humanity. When her lover unexpectedly proposed, she was suddenly torn between work and marriage. After years of debating whether to marry or not to marry, she consented and to the best of her abilities carried on the traditional roles of wife and mother, only to suffer a nervous breakdown. When her treatment of total rest drove her close to insanity, she was cured by removing herself physically from her home, husband, and finally her daughter, and by taking part in and writing about the social movements of the day. Later in life she married her first cousin, George Gilman, and again suffered from depression though not as severely as she had suffered throughout her first marriage. Using her life experiences as a female within a male dominated society, Gilman wanted to redefine womanhood. She declared that women were equal to men in all aspects of life. This new woman she described was to be an intelligent, well-informed and well-educated thinker. She would also be the creator and the expresser of her own ideas. She was to be economically self-sufficient, socially independent, and politically active. She would share the opportunities, duties and responsibilities of the workplace with men, and together they would take care of their home. Finally, this new woman was to be informed, assertive, confident, and influential, as well as compassionate, loving, and sensitive, at work and at home. This vision of the future female went against the traditional role of womanhood, not to mention the concepts and values of family, home, religion, community, and democracy. These views have labeled Gilman as a feminist, but theses ideas clearly have a place within educational history. Gilman showed the need to develop higher learning institutions for teacher education and to offer women a place that would train them to think more critically. She viewed the education of women as an essential part of a democratic society. She felt by educating women and thus feminizing society that gender discrepancies within society would end. Gilman began to explore the issue of gender discrepancy within society in the mid-1880's when she first began her career as a writer. Her first published essays focused on the inequality found within marriage and child-rearing. Her well received short story The Yellow Wallpaper told the story of a new mother who was nearly driven insane by the overwhelming traditional duties piled upon her as a wife and mother. The story mirrored that of her own experiences after the birth of her only child. In her highly successful publication of Women and Economics, she studied the issues of gender discrepancy and the relationship between education and women. Gilman stated that humans â€Å"are the only animal species in which the female depends upon the male for food, the only animal in which the sex-relation is also an economic relation. † She said that women's economic dependence resulted in their being â€Å"denied the enlarged activities, which have developed intelligence in man, denied the education of the will, which only comes, by freedom and power. To Gilman, the liberation of women required education and the opportunity to use what they learned to establish social as well as economic independence. In Gilman's journal called the Forerunner, she said the goal of education was to teach men, women and children to think for themselves instead of excepting other people's opinions as their own. She felt that learning centers at the turn of the century were teaching females with masculine content and philosophy. Gilman maintained that the educational philosophy needed to be changed because it was still too narrow in thinking since masculine traits were defined as human while female traits were defined as something other. She felt that these women were being educated to think like men. Once education was feminized, she believed that women could place an emphasis on social responsibility and specialized knowledge, which would develop them to their full potential. Gilman said that by teaching women to dedicate their lives to the common good that it would free them from the daily household routines and help them to recognize their connection and contribution to the world around them and become active members of the economy. In her work entitled Concerning Children she stated that a civilized society is responsible for raising civilized children and that it was the responsibility of everyone in the community to accomplish this by attending to the needs of its young. In Herland, another of her works, she said that children should start their education in infancy. Well-trained professionals should teach this education since motherhood was not a guarantee of teaching abilities. Throughout her long career as a feminist writer and lecturer, Gilman was never comfortable with labels. â€Å"I was not a reformer but a philosopher,† she wrote in her autobiography. â€Å"I worked for various reforms†¦ my business was to find out what ailed society, and how most easily and naturally to improve it. This method was through education. She used her lectures and publications to teach present and future generations about the possibilities that lay open to them. Gilman's writings about the tensions and struggles between marriage and career, social expectations, and personal goals continue to impact women's decisions. Her arguments have greatly heightened our understanding of the power of social norms on individuals, making Gilman's life and literary works a role model for many. Even though these works were written a century ago, Gilman's view of womanhood and education remains important as society continues to struggle with issues of gender and women continue to struggle for equality and independence. Self-Proclaimed Philosopher â€Å"Charlotte Perkins Gilman† Charlotte Perkins Gilman was a self-proclaimed philosopher, writer, educator and an intellectual activist of the women's movement from the late 1890's through the mid-1920's. She demanded equal treatment for women as the best means to advance society's progress. She was an extraordinary woman who waged a lifelong battle against the restrictive social codes for women in late nineteenth-century America. Mrs. Gilman was born Charlotte Anna Perkins on July 3, 1860, in Providence, Rhode Island. She was the grandniece of Harriet Beecher Stowe. She attributed her lifelong talent for speaking and her writing ability to her Beecher heritage. Most of what Charlotte learned was self-taught, since her formal schooling was only about six or seven years. Gilman believed early on that she was destined to dedicate her life to serving humanity. When her lover unexpectedly proposed, she was suddenly torn between work and marriage. After years of debating whether to marry or not to marry, she consented and to the best of her abilities carried on the traditional roles of wife and mother, only to suffer a nervous breakdown. When her treatment of total rest drove her close to insanity, she was cured by removing herself physically from her home, husband, and finally her daughter, and by taking part in and writing about the social movements of the day. Later in life she married her first cousin, George Gilman, and again suffered from depression though not as severely as she had suffered throughout her first marriage. Using her life experiences as a female within a male dominated society, Gilman wanted to redefine womanhood. She declared that women were equal to men in all aspects of life. This new woman she described was to be an intelligent, well-informed and well-educated thinker. She would also be the creator and the expresser of her own ideas. She was to be economically self-sufficient, socially independent, and politically active. She would share the opportunities, duties and responsibilities of the workplace with men, and together they would take care of their home. Finally, this new woman was to be informed, assertive, confident, and influential, as well as compassionate, loving, and sensitive, at work and at home. This vision of the future female went against the traditional role of womanhood, not to mention the concepts and values of family, home, religion, community, and democracy. These views have labeled Gilman as a feminist, but theses ideas clearly have a place within educational history. Gilman showed the need to develop higher learning institutions for teacher education and to offer women a place that would train them to think more critically. She viewed the education of women as an essential part of a democratic society. She felt by educating women and thus feminizing society that gender discrepancies within society would end. Gilman began to explore the issue of gender discrepancy within society in the mid-1880's when she first began her career as a writer. Her first published essays focused on the inequality found within marriage and child-rearing. Her well received short story The Yellow Wallpaper told the story of a new mother who was nearly driven insane by the overwhelming traditional duties piled upon her as a wife and mother. The story mirrored that of her own experiences after the birth of her only child. In her highly successful publication of Women and Economics, she studied the issues of gender discrepancy and the relationship between education and women. Gilman stated that humans â€Å"are the only animal species in which the female depends upon the male for food, the only animal in which the sex-relation is also an economic relation. † She said that women's economic dependence resulted in their being â€Å"denied the enlarged activities, which have developed intelligence in man, denied the education of the will, which only comes, by freedom and power. To Gilman, the liberation of women required education and the opportunity to use what they learned to establish social as well as economic independence. In Gilman's journal called the Forerunner, she said the goal of education was to teach men, women and children to think for themselves instead of excepting other people's opinions as their own. She felt that learning centers at the turn of the century were teaching females with masculine content and philosophy. Gilman maintained that the educational philosophy needed to be changed because it was still too narrow in thinking since masculine traits were defined as human while female traits were defined as something other. She felt that these women were being educated to think like men. Once education was feminized, she believed that women could place an emphasis on social responsibility and specialized knowledge, which would develop them to their full potential. Gilman said that by teaching women to dedicate their lives to the common good that it would free them from the daily household routines and help them to recognize their connection and contribution to the world around them and become active members of the economy. In her work entitled Concerning Children she stated that a civilized society is responsible for raising civilized children and that it was the responsibility of everyone in the community to accomplish this by attending to the needs of its young. In Herland, another of her works, she said that children should start their education in infancy. Well-trained professionals should teach this education since motherhood was not a guarantee of teaching abilities. Throughout her long career as a feminist writer and lecturer, Gilman was never comfortable with labels. â€Å"I was not a reformer but a philosopher,† she wrote in her autobiography. â€Å"I worked for various reforms†¦ my business was to find out what ailed society, and how most easily and naturally to improve it. This method was through education. She used her lectures and publications to teach present and future generations about the possibilities that lay open to them. Gilman's writings about the tensions and struggles between marriage and career, social expectations, and personal goals continue to impact women's decisions. Her arguments have greatly heightened our understanding of the power of social norms on individuals, making Gilman's life and literary works a role model for many. Even though these works were written a century ago, Gilman's view of womanhood and education remains important as society continues to struggle with issues of gender and women continue to struggle for equality and independence.

Research Papers

E. W. Clay’s Life in Philadelphia Series During the 1830’s, among the antislavery protest, freeborn blacks of Philadelphia represented the wealthiest and most educated group of African Americans in the country. They established their own schools, churches, and even a social order. Associated to the cultural and social economic status, African American clubwomen of Philadelphia were greatly ridiculed in racially prejudiced cartoons such as E. W. Clay’s popular â€Å"Life in Philadelphia† series. E. W.Clay was inspired to make these series by George and Robert Cruikshank who had published a â€Å"Life in London† series. His late 1820s feature series â€Å"Life in Philadelphia† fight with who African Americans could be in the social world; a world that relied on race and slavery as powerful signs of inequity. His response was brutally racist: in Philadelphia, those African Americans who took on the frills of urban life were strained and out of p lace. Clay’s analysis came in the form of fourteen engraved plates, a series that was one part observation, one part artistry, and one part imagination.Clay’s series presented American spectators a cruel portrayal of black figures that offered an exaggeration in overdressed clothing and proportions, awkward poses, and thus failed to measure up to the demands of freedom and citizenship. In Clay’s cartoons, not only was their style being ridicule but their language as well. In his 1828 â€Å"Is Miss Dina at home? † cartoon he mocks the person by declaring that an African American with a business card is simply a laughable concept. Blackness, as illustrated by Clay, provided his free black subjects mistaken aspirants, were always controlled by incomparable distinction.Clay’s varieties of drawings were inspired by the way some of the African American women had started to carry themselves out. They added a touch of certain things, that perhaps were not permissible by their society, and it made them give the impression trying to be different. They might have imitated their middle-class etiquette and their ways of life, but they always overreached, or as one of Clay’s characters put it, â€Å"aspire too much†. This series of cartoons were an observation that everything they did was taken as a joke.Clay was not the only American caricaturist active during the Jacksonian era, but he was the first American artist to specialize in political caricature. His work was pointed towards African Americans; therefore in the south it was pointless for southern whites to purchase these images. The south already had slavery and was establishing social perimeters. Nevertheless, many people still bought his cartoons. The early success of Clay’s images is example to his ability to tap into the nations fears and appeal with the dilemma on slavery and in abolition.His â€Å"Life in Philadelphia† etchings mocked the fancy dre sses, their manners, and dialects of Philadelphians, white and black. Today these images are often used as basic examples of discrimination against blacks. However, an inspection shows humorous, theatrical pictorial satire, grounded in Philadelphia culture just before the rise of the Abolition Movement. Clay’s work shows that he reserved that right to comment on events and personalities regardless of political affiliation as well as the right to change his mind on issues. Although Clay’s point of view varies from topic to topic, he did not always follow a party line in his caricatures.

Analysis of Two Views of the River by Mark Twain Essay

Wisdom and knowledge takes the poetry from our hearts.   Ã¢â‚¬Å"Two Views of the River† is an essay that depicts the passing over of an individual from innocence to wisdom and how things loose their significance when they cease to be something new, and later on, what we thought we wanted will become something trivial and insignificant in our eyes as we discover what it truly is. The way Mark Twain said â€Å"the language of the water† reminds me of things in our lives, perhaps trades that we are trying to become the world’s experts of. Indeed, we try to work on our goals and become as great as we could be. We learn every facet of that object, as the river was to him. Referring to his mentioning of romance, it is comparable to falling in love. When people fall in love, they are in a fantasy world where everything is seen in rose-tinted glasses. Seeing only all the wonders of that world and refusing to see all the bad side. Once the glasses are removed, you can still remember all the memories and reminiscing all the thrills and happiness that those memories made you feel just as he recalled the way he was when he first fell in love with the river. When he learned everything he wanted to know, he discovered that what he has found was something worthy but in the process, he lost a part of himself that he could never ever regain nor recapture again and perhaps it is his ability to dream. What he has found disillusioned him. But then he remembers the way he was and the way he used to view things. All the beauty he once saw has turned jaded. It is perhaps his perspective that changed but even, it makes him sad to realize that. Maybe, he also realized that he has become cynical, if you will view his loss of passion in relation to life, politics even. He was reminiscing the way he had first seen the river, like someone â€Å"bewitched† and in awe of all the beauty that he saw and he said that instead of seeing the beauty of it, he should have seen the harm it could do. But then, he said that he slowly saw the beauty in a different light or maybe, he started to take that beauty for granted. In life, there are many times when we get disillusioned. We follow dreams and fantasies as though they are the best thing on earth, only to realize later on that the dream was never quite the way we envisioned it once it turns into reality. A lot of times, people get so absorbed in the chase of one rainbow after another to realize what they really want, in much the same way that in an individual’s pursuit of knowledge in his field of passion, they eventually loose their enthusiasm. There were cause and contrast in Twain’s essay which could be seen in the way he described the river, which differs from the way he described it as someone you would call naà ¯ve to his next paragraph, which I would interpret as a man who has gained knowledge and was disillusioned by that knowledge. In view of life, it is like the passing over of humans and learning the harsh facts of life. The world is still the great place that we know it is, and life is still a precious jewel that matters more than anything in this world. But in our daily lives, we forget to stand back and see the world’s beauty because we have encountered its dark pits, in much the same way that we find life so hard to appreciate because of the irony and unfairness of it. Mankind was all born idealists and optimists, but eventually, that idealism and optimism is lost as the person goes through the hardships of life. The experiences will teach him a great many things and it will leave him equipped to handle the obstacles that he has encountered in the past and overcome the obstacles of the present. But this will take some of the beauty from his eyes. Viewing the essay in different angles and in relation to aspects of society and humanity, it is indeed easier to remain innocent and left with our dreams and not know of all the dark angles because knowing can only hurt as dreams are indeed better than reality.

Economic Growth and Financial Development

There are three views about the relation between economic growth and financial development. First, financial development has impact on economic growth (i. e. Bagehot, 1873; Schumpeter, 1912; McKinnon, 1973; Shaw, 1973; Patrick, 1966; Goldsmith, 1969; Fry, 1973). Second, economic growth leads to financial development and that where there is economic growth financial development follows (i. e. Robinson, 1952). The third view, however, contends that both financial development and economic growth Granger cause one another.In the essay, our group focus on the first view which financial development will has passive influence on economic growth. During the year from 1955 to 1993, many scholars has study the relationship between financial development and economic growth. Along with the time goes, the theory that financial development will real promote economic growth has been more and more prefect. In the years between 1950s and 1960s, economists such as Gurley and Shaw began to stress the c redit markets and the importance of financial intermediaries, which they believed play an important role in economy. 5] They argued that tradition monetary transmission mechanism ignores the factor of financial structure and financial flow and only pays attention to the total amount of money and the connection of the output. In 1955, Gurley and Shaw bring up the development of financial institution is both a determined and determining variable in the growth process. (Gurley and Shaw, 1995, p. 532). Gurley and Shaw stressed that financial intermediaries exert influence on credit supply rather than money supply.In this way, financial intermediaries improve the efficiency of savings turning into investments and then affect the whole economic activities. They are the earliest scholars to study in-depth the relationship between financial and economic development in developing countries. Gurley and Shaw pointed out that the main access road of monetary policy transmission probably have di verted from money quantity, which is traditionally thought as the medium of exchange.Whereas, the â€Å"financial capability† of economy would has a closer relationship with the gross expenditure. They put forward financial development enhances the intermediation of loanable funds and therefore growth will be stimulated and they have a debt-intermediation view. The Debt-intermediation view establishes relations between finance and growth. First, economic growth would be associated with financial development, as external indirect finance provides surplus units with the capacity to spend beyond their earnings.Second, growth would stimulate and be stimulated by the â€Å"institutionalisation of saving and investment†; income grows, richer wealth-holders will increase their desire to diversify their asset portfolio. If financial innovation is such to accommodate this â€Å"diversification demand†, financial institutions can enhance their lending capacity and thus bo ost growth; the process becomes a cycle. Gurley and Shaw has earlier pointed that the growing importance of NBFI (non-bank financial intermediaries) when they discussed their activities about potentially serious problems for monetary management and monetary policy. 1] Subsequent analysis of the problems had to two results. [2] First, if the monetary authorities exerted control over the financial system through the operating of the financial markets, monetary management would not be undermined. [3] Second, which placed specific restrictions on banks, at that time the dominant financial entities, the growing role of NBFI was stimulated in part by the opportunities for intermediation created by monetary policy measures.These contributions stressed the relevance for financial â€Å"deepening† (mean financial development) of rising wealth and income, then attempts to control the activities of financial intermediaries. Wealth and income incent the demand for financial services. Res trictions and Controls on financial intermediaries create the stimulation for further financial intermediation by generatingâ€Å"quasi-rents† that risk among participants in financial and capital markets and reflect differences in information. 4] However, Gurley and Shaw do not address the issue of causality between financial development and economic growth. In 1966, Patrick make the causality issue is addressed, he posed theâ€Å"stage of development† hypothesis, where the direction of causality between financial development and economic growth changes over the course of development. [6] Two hypotheses are developed, one is Demand-following hypothesis: a causal relationship from real to finance and the other is Supply-leading hypothesis: a causal relationship from finance to growth.The supply-leading hypothesis supposes a causal relationship from financial development to economic growth, which means mature creation of financial institutions and markets increases the supply of financial services, and thus leads to real economic growth. Patrick suggests that initial development is spurred by supply-leading process, which gives way to demand-following process. He posed financial institutions and services emerge as demand for those services unfolds. The idea is that finance is passive in the growth process, but lack of financial institutions may prevent growth to occur.Financial institutions and their services precede the emergence of demand; government support is needed to finance and nascent modern sector, such as subsidized loans, information to small business and long loan durations. He points out the importance of finance in economic growth. The difficulty of establishing the link between financial development and economic growth was first identified by Patrick (1966), he argued that a higher rate of financial growth is positively correlated with successful real growth. [7] In his theory, commercial banks may issue banknotes and accept â€Å" easy† collaterals. Easy loan† can induce economic growth, for it can finance innovation-type investment, however, in fact it can also induce irresponsible borrowing. Since the important work of Patrick, that first postulated a bi-directional relationship between financial development and economic growth. A large empirical literature has emerged testing this hypothesis as the Patrick's (1966) problem remains unresolved: What is the cause and what is the effect? Is finance a leading sector in economic development, or does it simply follow growth in real output which is generated elsewhere. References: [1] de Oliviera Campos, R. 1964) â€Å"Economic Development and Inflation with Special Reference to Latin America† in Development Plans and Programmes Paris: Organisation for Cooperation and Development [2] Duesenberry, J. S. and M. F. McPherson (1991) â€Å"Monetary Management in Sub-Saharan Africa† HIID Development Discussion Papers no. 369, January [3] Friedm an, M. (1973) Money and Economic Development The Horowitz Lectures of 1972 New York: Praeger Publishers [4] Malcolm F. McPherson and Tzvetana Rakovski (1999) â€Å"Financial Deepening and Investment in Africa: Evidence from Botswana and Mauritius†, Copyright 1999 Malcolm F.McPherson, Tzvetana Rakovski, and President and Fellows of Harvard College [5] Liu Pan Xie Tao (2006) The Monetary Policy Transmission in China-â€Å"Credit Channel† And Its Limitations, Working Papers of the Business Institute Berlin at the Berlin School of Economics (FHW-Berlin) [6] Anthony P. Wood and Roland C. Craigwell Financial Development and Economic Growth: Testing Patrick’s Hypothesis for Three Caribbean Economies [7] Philip Arestis (2005) FINANCIAL LIBERALISATION AND THE RELATIONSHIP BETWEEN FINANCE AND GROWTH, University of Cambridge

Yahoo Inc Statistics Project Example | Topics and Well Written Essays - 2500 words

Yahoo Inc - Statistics Project Example It is important to observe trends in the time series data in order to assess which model to apply when undertaking a forecast of data. In this regard, graphical presentations are usually recommended. Thus in this study, graphs are used to show the trends in the data gathered as has been recommended by other scholars for observing time series data (Anderson, et al., 2010). One of the objectives of this paper was to assess the measures of central tendency and measures of dispersion (spread). In this study, we use mean scores and median values to assess central tendency and standard deviation, minimum and maximum values to assess spread in the time series data. Therefore, this has been done for sales, costs, and profits of Yahoo Inc. for the period under review. These results are presented in table formats in Part II of this paper. There are many methods that can be used to forecast time series data such as the one in this study (Table 1). In our assessment of the task at hand and the l imitation of resources, we conducted the forecast using regression analysis technique which we found to be appropriate for this study. There are a number of statistical software available for conducting forecasts of time series data (Evans, 2003). These include but are not limited to Excel, SPSS, Stata, Eviews, R, and Minitab. Again, due to resource limitations and our assessment of the task at hand, we use the Excel software to conduct the forecasting exercise in the present study.

The Impact Of Healthcare Reforms Essay Example | Topics and Well Written Essays - 750 words

The Impact Of Healthcare Reforms - Essay Example However, Avraham, Dafny, and Schanzenbach (2012) found a positive and significant impact of reforms aimed at improving healthcare quality in HMOs, which resulted in an increase in coverage among workers and reduction of tort related lawsuits. Precisely, reforms on the general set of ports between 1998 and 2006 reduced payable premiums of employer-sponsored self-insured health care programs by about 2.1%. While no significant reductions were found in fully insured plans under HMOs, caps on noneconomic damages and collateral source reforms had the greatest impact. Therefore, this suggests that American workers have benefited from the reforms by spending less on aggregate health costs/premiums as a percentage of personal income. Blue Cross Blue Shield (BCBS, 2010) noted that collaboration among health plans to share client details through regional and statewide information systems significantly helped to reduce time and office practice expenses. Mission Statement for Aetna International Aetna International is global healthcare provider with its head quarter in USA and continental offices in Europe, Asia, and Africa. The company has been providing healthcare services in the last 3 decades with demonstrated excellence and customer satisfaction. Within America, Aetna is one of the many HMO service providers and offers both self-sponsored managed medical care plans as well as travel insurance.  The company offers three categories of healthcare plans including individual, corporate, and blended healthcare plans.