Thursday, November 28, 2019

The scarlet ibis free essay sample

In the short story, â€Å"The Scarlet Ibis†, James Hurst uses nature imagery to symbolize the narrator’s mixed emotions, supporting the theme that selfish pride generally causes more harm than good. In the story the narrator doesn’t know whether to care or be proud of his brother, or to be ashamed and careless. He has befuddled emotions towards his brother and he just wants him to be normal. In the story, the narrator teaches Doodle how to walk. Not because he cares about Doodle, but because he is embarrassed of him. â€Å"They did not know that I did it for myself†, (pg434, L181-L184). He only helped Doodle for his own selfish reasons. The narrator didn’t want to be seen with a handicap brother, so he encouraged or forced Doodle to walk and act like a regular kid. So he didn’t help Doodle out of brotherly love but out of being egoistic and caring what people thought of him and his family. We will write a custom essay sample on The scarlet ibis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page James Hurst use of the Scarlet Ibis is a representation or symbol of Doodle. Both are fragile and rare, but special and exotic as well. â€Å"Even death did not mar its grace, for it lay on the earth like a broken vase of flowers, and we stood around it, awed by its exotic beauty†,(pg439, L304-L306). The scarlet ibis just died right in front of the family after traveling so many miles from home. The scarlet ibis is similar to Doodle, they both were in a place that was not suitable for them, and both were pushed to their limit. The scarlet ibis foreshadows Doodle’s death in the story. Towards the end of the story, the narrator is disappointed in Doodle because they didn’t finish their intentions for the summer. . The narrator pushes Doodle to his limit, to his full extent, to make sure he becomes like the â€Å"regular kids†. He was so angry with Doodle that words couldn’t express his feelings; he was probably thinking about how people would think about him and his crippled brother. â€Å"The rain was coming , roaring through the pines, and the, like a bursting candle, a gum tree ahead of us shattered†¦Ã¢â‚¬ ¦ and in the moment before the rain arrived, I heard†¦Ã¢â‚¬ ¦.. ‘Don’t leave me’†, (pg. 441, (L366-L370). This storm represents the narrator’s mixed emotions toward his brother. He was so angry, and upset with Doodle, that it forces him to leave him behind. The narrator was so vexed with Doodle that he left him back at Old Woman Swamp in the storm. Just because their plans were not complete, that does not leave him any reason to leave Doodle, his brother, who has the same flesh and blood as him. â€Å"The knowledge that Doodle’s and my plans had come to naught†¦Ã¢â‚¬ ¦..that streak of cruelty within me awakened†¦Ã¢â‚¬ ¦soon I could hear his voice no more†, (pg. 441, L371-L375). Because he was so angry, he left running away, leaving him behind, where death rested upon Doodle. If he didn’t have such an intense cruelty in him, he would’ve gone back and helped Doodle. The narrator didn’t know what to do he was so confused, sometimes he felt hatred towards Doodle and sometimes he didn’t, he had unbalanced emotions. He cared about what people thought of him, that what caused him to pressure Doodle to do things and push him to his limit. The narrator was so inconsiderate which supports the theme that selfish pride generally causes more harm than good.

Monday, November 25, 2019

Fight Club Essay

Fight Club Essay The movie Fight Club illustrates how society has become consumers, where people are being brainwashed with idea that they need to have materialistic goods that they dont really need and also depicts that a solution to this crisis is living in a dilapidated house where one can discard the influences of the outside world and consumerism however this illustration is accurate by generalizing society as a whole. Point one; we are being manipulated by society in to believing that we need things that are unnecessary. The beginning scene of the movie Nortons character was describing that he has become a slave to the Ikea network. As a representative of society Norton admits that Were consumers. Were by-products of a lifestyle obsession. The IKEA magazine is a perfect example of this. Society has led him to believe that he needed the highest quality or that type of style furniture. Another example of how society manipulates the thinking of an individual is after Nortons apartment blew up and he was looking at his empty refrigerator. The point is that he had unconsciously prioritized having more material possessions such as furniture in his apartment than essential food for himself. There are two scenes in the movie that follow the meaning of this quote I say never be complete, never be perfect. The first scene that correlates with the quote is when Norton had lost his briefcase at the airport and felt like the world was over. Norton said that he almost was complete with a respectable wardrobe and he was also naming off his brand name apparel that he lost. The second scene that goes with this quote also goes with this quote is at the bar scene with Tyler after his apartment was blown up. Norton was talking about how he felt about buying his last sofa because he was saying that it was the last sofa that he needed to buy because he felt almost complete in his lifestyle where he had everything that one could need. The quotes interpretation is as follows: Someone who had not been perfect would not be so terrified losing there belongings than a person who was trying to be perfect because would not have lost as much as the person who was complete.The things you own end up owning you. This last quote is very real in our society which is shown greatly at the bar scene conversation. The example that Fight Club illustrates is at the conversation in the bar when Norton was emphasizing the need of taking extremely good care of all his furniture which is understandable. The message is clear that the media wants us to do what they tell us to do. Loo k at your own life and decide how big a role society has changed the way you think about beliefs, relationships, and what to buy. Do you always want to be told what to do? What can you do to reject the influence of consumerism in your life? The movie fight club offers a solution which is living in a dilapidated house where one can reject all the influences of the outside world and consumerism. In the movie Norton feels that society he has been manipulating him. As a result of his realization he blows up his apartment to signify his rejection of it all. One example that the movie shows as a sign of rejection is the conversation with Tyler outside the bar. His choice of not going to a hotel for a place to stay represents that he doesnt want to go back to the same lifestyle where he would have everything pretty much complete. One narration bit in the movie illustrates it is possible for one to reject society and not be sad or feel in withdrawal. The narration occurs in Nortons first few months at the ramshackled house when he said at the end of the first month he didnt even miss TV and he didnt mind a warm stale refrigerator. A quotation that is supportive of how Norton has become more interesting and confident in his character is Its only after weve lost everything that we are free to do anything. This quotation applies to Norton because he had lost everything that was important to him i.e. his briefcase and his apartment. Now with a fresh start over he is able to pick and choose what he feels is appropriate to live a live without being told my society what to do. Lastly as he finally comes to a more realization of how a better person he has become by rejecting society he decides that blowing up the credit card companies at the end will turn society into a better one but before that happens chaos must take place because On a long enough time line, the survivability rate for everyone drops to zero. By blowing up the credit card companies it will make people go through the same process of what Norton went through. There were five stages that Nortons character went through. Denial was the first stage of what Norton went through he because he couldnt believe that the airport lost his briefcase. Then he became angry or at least was upset that the man said that he owned a dildo. He then went through the stage of bargaining. The scene in the bar when he said that it was ok that he lost his briefcase and his apartment since he had insurance and that everything would be covered. The next stage was depression because he didnt have a place to stay and when he found out it was a run down house he was going to be staying in. The last stage was acceptance where he made the best out of the situation. As a result of Nortons own stages of chaos turned him into a better person who feels free from the influencing of society and feels that the general public would benefit as well as he did. If not in a dilapidated house we should all live in live in a third world country for at least 2 years with no running water, no car, no TV, no supermarkets or Mc Donalds and no computer, and no society telling us how to behave and see how differently we change our lives. You can order a custom essay, term paper, research paper, thesis or dissertation on any topic from our professional custom essay writing service which provides students with high-quality custom written papers at an affordable cost.

Thursday, November 21, 2019

EXERCISE MODULE 8 Essay Example | Topics and Well Written Essays - 1250 words

EXERCISE MODULE 8 - Essay Example The company may need to finish the project according to a predefined deadline, it may be done to improve project cash flow, it may be a way of avoiding liquidation damages, it may be a way of recovering early days, it may also be a way of avoiding oncoming danger, for example adverse weather conditions that might affect the project’s progress, and it may also be a way of releasing key resources for an oncoming project (Kohli, 2007). It is also important to recognize that as projects continue, there are several indirect costs incurred that can be eliminated by shortening the duration time. These costs include; cost of equipment, interest on investment, machinery, facilities, personnel, labour, and the cost of time lost when some employees do not come regularly to work (Roy, 2005). Project duration can be reduced depending on the type of work being carried out, and the availability of resources. Projects involving installation or development of new software for a company’ s systems for example, may require a specific skill. This can only be obtained from specific persons. Reducing project duration considering this case will require additional labour time for the specialist. He or she will then be required to work overtime. This however, needs additional resources, for the specialist has to be paid for extra time worked. Project duration time can be reduced by: application of multiple-shifts work, offering incentive payments to increase the productivity, using additional resources when necessary, working extended hours, working on holidays and weekends, and using alternative methods and sequences among others (Roy, 2005). Reducing the time taken to complete a project involves reducing the activities’ duration, or adjusting overlaps between activities. This however, has an effect on the original plan in terms of the cost. Whenever activity duration is reduced, the cost increases. This is because, with reduced time for the activity, it means that additional resources were used to ensure a lot of work is done within a short period. Take an example of construction of a building. For a normal duration, there are seven workers employed to do specific duties. It is expected that their work will be completed in a month. Since the project duration has been reduced to two weeks, the company will have to employ additional workers with the same skills to speed up the work. The workers will have to be paid, therefore, additional resources. The tools and equipment used will also have to be added. A similar understanding can be obtained from overtime work. This requires additional wages, as well as costs used to correct quality problems (Kohli, 2007; Roy, 2005). This shows that there is a relationship between the direct cost, and time of completing an activity. The cheaper the resources, the longer the time they take to complete an activity. If the duration is shortened, there is an increase in direct costs. Direct costs are such as; th e cost of equipment, labour, and materials. This should however, not lead to an assumption that there is an automatic inverse relationship between the project duration and the quantity of resources deployed. This is because, not all activities are similar. There are those that can be done in a short time by deployment of more resources, and there are those that deployment of more resources does not reduce the time needed. For example, it should not be

Wednesday, November 20, 2019

Ethical failures that led to the economic collapse of 2008 Essay

Ethical failures that led to the economic collapse of 2008 - Essay Example This paper outlines the importance of the moral failures, which led to the global financial crisis. The role of ethic lapses is often neglected by economic analysts. It has been said, the root cause of the crisis was greed, which is defined as an excessive and selfish desire for more of something e.g. money than is needed. The list of neglected virtues also includes temperance and, specifically, the ability to prevent the desire for wealth, social recognition, which thus become barriers to proper professional conduct, and complicity, cowardice and lack of strength. There were also behaviors of arrogance, pride and hubris among finances. Also, among regulators, government and economists: all convinced that their know-how and skills were superior to others, that they had no reason to submit the guidance of others, or that they only were above the law. There have been reports of cases of lack of professional competence on the part of the directors, bad governance, senior analysts and managers in companies such as banks, hedge funds, monoclines, rating agencies, supervisory bodies and the government. Often, the role of asset valuation and analysis, and even buying and selling decisions, was given to young professionals with no or little experience in finance. The act resulted to them using sophisticated methods based on overly simple assumptions, but no one dared criticize their work because no one had better models. Their bosses/superiors did not reckon what their subordinates were doing, models they were using, and they did not exercise adequate oversight. These failures were clear mainly in risk management and analysis, leading to key personnel in virtually all major financial institutions were taking excessive risks.

Monday, November 18, 2019

Integraded pop culture autobiography Essay Example | Topics and Well Written Essays - 1500 words

Integraded pop culture autobiography - Essay Example Especially in these contemporary times, pop culture is perceived more of a commercial culture, for the commercial value it has. Storey is of the opinion that popular culture emerges from the urbanization of people. Popular culture is an amalgamation of complex forces that are interdependent on each other and impact upon society in every possible way. However, popular culture is never static, but keeps on changing from time to time depending upon the likes and dislikes, tastes and trends of people in the society. It is possible for certain traits in pop culture to be influenced by a sub- culture and be manifested in society if its values are accepted and adopted by them. In comparing popular culture from the 1920’s until now, we find a huge difference in people’s way of life, their music, dance, movies, fashion, sport, art, literature and other media. However, this type of culture is quite popular because it is appeals to a very wide spectrum of people. The different med ia such as television, newspapers, radio and magazines contribute towards popularizing certain aspects of culture mainly to do with entertainment. In this essay an attempt is being made at investigating and analyzing important aspects of popular culture in the 1920’s and today and trying to find out the similarities and differences by comparing the different periods. Music Music in the 1920’s was quite unlike the music that we hear today. The 1920’s is the period when Jazz was most popular. Some of the popular singers and composers of the ‘Jazz Age’ were Louis Armstrong, Duke Ellington and George Gershwin and the like who changed the face of music during the 1920’s. Gershwin composed some of America’s most popular music such as musical comedies, film scores, songs, opera and his concert composition called ‘Rhapsody and Blues’ (Classical piano and Jazz) during the 1920’s. Some of the famous cartoon characters introdu ced during the 1920’s were Mickey Mouse, (1928) Winnie the Pooh and Betty Boop. However, music in the 21st century has been revolutionized due to the changing times. Most of the modern generation is comfortable with Hip- hop, Rap, Alternate Rock and Rock music as they identify themselves with it and feel that they could express themselves in a way they want. However, Classical music of the ancient period is evergreen even today and has served to influence modern composers. Some compositions that have a world vision and carries a special message for guiding the world to peace and harmony are not only popular but but instill positive attitudes among the people. Marley’s music falls under this category and his song which had the line ‘One love, one heart, let’s get together and feel alright’ (Michael A Stusser, pg. 376) brought inspiration to the hearts of the freedom fighters during the struggle between Zimbabwe and Britain. The Jamaican Government re cognized his great contribution in the arts and awarded him the ‘Order of Merit in 1981. (Michael A Stusser, pg. 376) On the music front, my most favorite Classical composer is Beethoven, while my most admired artist of contemporary music is Eminem. Dance Dance took on a revolutionary turn during the 1920’s after experiencing the restriction and horrors of the war. People went all out to release their pent up emotions brought about by restriction in their

Friday, November 15, 2019

Cause And Affect Of Unemployment In Malaysia Economics Essay

Cause And Affect Of Unemployment In Malaysia Economics Essay Unemployment is a very important issue for every country, especially developing country with a tremendous population. High unemployment means that labor resources are not being used efficiently. In consequence, full employment should be a major macroeconomic goal of government. This essential issue often being included in the government policy or agenda for parliament debate and discussion year after year. After a long period of discussion and debate, it seems no ultimate solution has been found to completely eliminate unemployment. Theoretically, industrial economies are cyclically sensitive as such when it expands, factors including employment, sales, prices and profits will rise. However, when it contracts, downturns are inevitable and significant (Nazaria, 2003). When our national economy is in recession, many firms and companies are close down, it will cause unemployment rate to increase. The financial crisis that started in mid 1997 has affected the Malaysian economy. The impact was evident with the economic growth measured in real GDP began to slow down and registered the first negative growth since 1985 of -7.4 per cent in 1998. Table 1 depicts real GDP growth, labor force and unemployment from 1996 -2003 (UKM Juru Perunding, 2002). The contraction in real GDP affected the labor market resulting in slower employment growth, increased in the unemployment rate and also retrenchment. Labor force registered negative growth of 2.1 per cent and employment declined by 2.8 per cent in 1998 compared to a positive growth of 4.9 and 4.6 per cent in 1996 and 1997, respectively. In the same year, unemployment, on the other hand, experienced a slight increase standing at 3.1 per cent. Retrenchment soared to 83,865 workers in 1998 compared to approximately 19,000 in 1997 (EPU, 1999). Table 1: Real GDP Growth, Labor Force, Employment, Unemployment, Labor Force Participation Rates, 1996-2003 Sources: Nazaria B., 2003: Working paper of Unemployed Graduates: Pre and Post 1997 Crisis. Okuns Law, stated that there is a negative relationship between unemployment rate and real GDP. Okun (1962) found that a deviation of 3 per cent in the GDP will produce a rise by 1 per cent in the unemployment rate. Besides that, Zaleha, Norashidah Judhiana(2007) prove that Okuns Law can be applied to explain Malaysias condition. Results of Table 2 showed that the value of the t-statistic for the coefficient (5.796) is greater than the critical t-value at the ninety five percent confidence level (1.96). This proves that GDP strongly depends on unemployment. Unemployment is one of the main mechanisms that can affect GDP. On the other hand, the result also confirmed that there is a negative relationship between unemployment and output growth. The Coefficient is -1.75 and it is significant at 1 percent level. It means that one percent decline in unemployment will increase output by 1.75 percent. As a result, it will increase the growth rate of the GDP. Table 2: Results of Regression Analysis Sources: Zaleha Mohd Noor, Norashidah Mohamed Nor Judhiana Abdul Ghani (2007). The Relationship between Output and Unemployment in Malaysia: Does Okuns Law exist? Department of Economics, Faculty of Economics and Management, Universiti Putra Malaysia,Pp.6 1.2 Objectives of the Study The overall goal of the study is to examine the factors that cause and affect the unemployment in Malaysia. It is important to identify these factors in order to find solutions which can reduce unemployment rate. The study aim to investigate the factors that cause unemployment such as consumption, investment, government spending and trade. They affect the supply and demand in the labor market. While economic recession may cause lack of job opportunity in the job market. Moreover, this study also intends to develop some solutions to solve the problem of unemployment. It is expected that this study will achieve the research objective and highlight some important issues which relate to unemployment. 1.3 Organization of Research Study This study is organized into 3 chapters that will address the overall objective of the research. Each chapter will also serve the purpose of delivering the research following its title. Chapter 1 briefly introduces the research topic Relationship between Unemployment Rate and Economic Growth in Malaysia. Meanwhile, the research objective will be to study the consumption, investment, government spending, as well as the trade that affect economic growth and caused unemployment in Malaysia. Chapter 2 seeks to support the study by providing various relevant journals and articles on the area of interest of the research. This is also the proof of reading the literature relevant to the area of study. Chapter 3 discusses the strategy and method used to collect the data. The research frameworks consist of four independent variables, which are consumption, investment, government spending and trade. Meanwhile, unemployment will be the dependent variable. Secondary data collected from Data Stream and research methods are decided. 1.4 Significant of Study The information gained from this research will be able to provide valuable solution to reduce the unemployment rate in Malaysia. It will also provide Malaysia government with an idea on how important is to reduce the problem of unemployment rate. Reducing the unemployment rate may lead to a better economy in Malaysia due to the increase in productivity of Malaysia. A growth of national income, higher Gross Domestic Product (GDP) in Malaysia will then be achieved while the nations will have higher purchasing power and can lead to a better quality of life. Investment, indeed, brings a lot of job opportunity in the country. Whenever foreign direct investments (FDI) invest in the country, there will be a lot of industry set up for production and administration. Thus labor demand will be increased due to the investment. It then decreases a certain amount of unemployed. Another factor to reduce the unemployment is through the government spending. Government needs to build and construct many of the facilities in the country for the societys benefits. Government needs to spend on construction of big projects; this injection of money will help to create the job opportunity for the labor in the country. Unemployment will be decreased. Trade is one of the factors to reduce the unemployment as the working opportunity is created when two countries trade. Increasing of trade internationally meaning there will be an up surging of export. Thus, domestic supply of goods is needed to meet the international demand. From that, the people have an opportunity to produce and manufacture new product for the trade among the countries. 1.5 Research Question The research question for the study would be Relationship between Unemployment Rate and Economic Growth in Malaysia. Several independent variables affecting the unemployment rate will be investigated to see how actually it will influence the economic growth in Malaysia. The details of the study are: To study the consumption pattern affect the economic growth. To investigate whether investment affect the unemployment rate. To examine whether government spending affect the unemployment rate. To study the effect of trade on the unemployment rate. 1.6 Problem Statement Unemployment is a negative issue that may arise in every country around the world. As long as a person is involved in the labor market, he or she may one day become unemployed. Once unemployment issue is not solved, creation of problems to the unemployed graduates, nations, society and even the country will certainly arise. Furthermore, if the nations unemployment continues to be severing, riots and insurgency will be occurring across the country and halting the country trading. A significant lost towards the nation will arise due to this serious problem. Solution for the unemployment problem is a priority of the government to include in the national economic planning and policy implementation. In this research, focus will be placed on how economic growth effects unemployment and their relationship. Chapter 2 Literature Review 2.1 Definition of Unemployment According to International Labor Organization (ILO, 2001), unemployed is persons who are above a specified age are without work, currently available for paid employment or self-employment, and actively seeking work. There are three categories of unemployment, Structural Unemployment Structural unemployment is related to the mismatch in skills, as well as the inadequacy in locations or simply the wrong area desired for work, and interpersonal characteristics. For instance, as the technology is improving and changing in the market often causes many skills possessed to be obsolete. With the advancement of computer many jobs in manual book-keeping have been replaced by highly efficient and handy software. Frictional Unemployment Frictional Unemployment is resulting from temporary transitions made by workers and employers. This type of unemployment occurs when there are fresh graduates trying to enter the job market, searching for job of their choices. Cyclical Unemployment Unemployment that is attributed to economic contraction is called cyclical unemployment. The economy has the capacity to create jobs which increases economic growth. When the economy is in recession, firm will reduce production and it lead to the decline of labor demand. Thus, cyclical unemployment will rise sharply during recession. 2.2 Unemployment in Malaysia It is essential to look at the unemployment trends in Malaysia for the period ranging from 2000 to 2009 (Figure 1). By observing the figure, unemployment rate remained moderate at approximate 3 percent. Unemployment rate increases steadily from 2001 to 2004. On the year 2001, the 911 incident, US World Trade Centre was attacked by terrorists (Terence Tai-Leung Chong,2005). This attack marks the beginning of the US economy downturn. It then affects the whole world economy to decline. Being the largest economy in the world, US needs to import tremendously from the rest of the countries. Thus, US economy downturn has decreased its import and the worlds export will decline as well. When the decline of export for the country, it will directly cause the down fall of the countrys economic growth as the productivity has been reduced .Therefore, the global economy will be sluggish. Hence, unemployment rate in Malaysia is 3.7 percent on 2002. During 2003, Malaysia was hit by double critical incidents which were Severe Acute Respiratory Syndrome (SARS) and Iraq War (Robert Evans,2003). Unemployment rate was 3.8 percent which has increased 0.1percent. There was an immediate effect from the outbreak of SARS and Iraq War due to the large amount of inter-regional trade. SARS and Iraq War have triggered a global downturn therefore affect the world economy into recession, and lowered world growth forecasts. SARS epidemic was concentrating in Asia which is the fastest growing economy in the world and that had basically been keeping the world economy to float. Malaysia has gone through East Asia financial crisis during 1997. Thus, Malaysia has the ability to combat and survive during the sub-prime crisis. Some efforts of the policy maker have made to strengthen the domestic economy. Policy maker has implemented several monetary policy as well as fiscal policy to stimulate the economy. The increasing trend and steady growth in the Malaysias Leading Index (LI) and the ratio of the Coincident Index to Lagging Index in 2007 (Public Bank Berhad,2007) indicates that the Malaysian economy was continue to remain strong and healthy in 2008 which US sub-prime mortgage crisis deceleration in the US economy. Figure 1: Unemployment Rate in Malaysia Sources: Indexmundi.com (2008). Malaysia Unemployment rate (%). Retrieved November3,2009.Website:http://www.indexmundi.com/g/g.aspx?c=myv=74 During a period of high unemployment, employees worry about losing their job and not able to get another job. Other than that, workers are less willing to leave unsatisfactory jobs because it is not easy to be hired at this current period. This may cause a decrease in production because workers are lack of experience in their current job. Higher unemployment rate will also affecting the government tax revenue. It is because there are more workers losing their jobs and leads to decrease in government revenue from income tax. 2.3 Factors that affect Unemployment There are four independent variables that affect unemployment which are consumption, investment, government spending, and trade. 2.3.1 Consumption Based on the study by Castillo, Dolado Jimeno (1998), the result showed by using one cross-section of household per county, by comparing with the employed workers, the consumption losses suffered by the unemployed were 50% to 100% higher in Portugal and Spain, depending on the workers job experience and skills. Besides, Bover et al. (2000) found that the unemployment benefits systems in Spain are more generous than in Portugal. According to Samuel et al (2001), an increase in the duration of unemployment of male household heads tend to be connected with consumption losses in Germany, Great Britain, and the US than Spain and Italy. Also, in terms of married households, Browning and Meghir (1991) found that the husband is unemployed in a married household have budget shares for clothing of 35% lower than the husband is being employed. There are two authors have proven that consumption suffers downfall during unemployment. Cochrane (1991) reported a fall in consumption growth of 24% to 27% during unemployment. On the other hand, Browning and Crossley (2001) also proved that a mean fall in consumption of 14% on unemployment. Browning and Crossley (2000) deal with the effect of income shock due to unemployment on consumption. Individuals experiencing an income shock may reduce consumption on durable expenditure than on food expenditure. For example, they may postpone to buy new jewelry or to replace new furniture. 2.3.2 Investment According to Harms and Hefeker (2003), the returns of portfolio investment abroad are positively correlated with U.S. labor demand shocks. When there is more investment, it generates new jobs; therefore labor demand will increase accordingly. Thus, this will aid in the decrease of the unemployment rate. Erkki Koskela, Rune Stenbacka, and Mikael Juselius (2009) study the effect of the unemployment equilibrium with capital investments under the category of labor market imperfections. By showing a higher capital, labor ratio has a wage-moderating effect with sufficiently strong labor market imperfections, the strategic effect of capital investments. Based on this appliance, an increased capital stock decreases unemployment equilibrium if the relative bargaining power of the labor union is sufficiently strong. Marino (2000) showed the interdependency between FDI, economic growth, employment or explanation of factors for stimulating the FDI inflow in the case of open economies. The GDP growth is positively correlated with the capacity of FDI inflow. On the other hand, the relationship between GDP growth and FDI inflow is rather contrary in the case of closed economy. Christoph Ernst (2005) studied that a country needs stable and productive investment inflows which would contribute to a rise in production rate and employment, to the technological modernization of the economy, as well as the production of higher value added goods resulting in a better integration into the world economy. There is a strong correlation between national productivity and the level of unemployment (Joseph Prokopenko, 2000). In a situation where the economy is productive and competitive, there will be contest in the foreign market. Thus, it lowers the unemployment rate. However, investment will increase due to the high production rate. Then, it will create new job opportunities and the employment rate will increase as well. Hence, investing in a productive market is a source which can create new market and then increases the job opportunities in the market. According to Borensztein, Gregorio Lee(1998) and Yussof and Ismail (2002), FDI will introduce technology and management skill into the domestic firm to enhance the productivity. They may bring towards new technology into the domestic market. Thus, domestic labor will have a chance to upgrade and equip themselves with knowledge from the new technology and systems. FDI have positive effects on domestic unemployment, according to Lall (2002). FDI leads to increase the value of human capital accumulation. Labor will always get new knowledge from new technology so that they will be able to suit themselves into the specified occupations or jobs. Then, unemployment rate will decrease, hence, strengthening the economic growth of the country. On the other hand, Blomstorm, Fors Lipsey (1997) found that FDI will retain unskilled jobs at home country when more skill-intensive activities are allocated to the foreign country. Foreign investors will leave jobs which do not need much of labor skill work at their home country and relocate more labor-skilled works abroad. This way, the investors would be able to save in training cost by investing in foreign countries which have abundant skillful workers. 2.3.3 Government Spending Government programs are the largest source of counterbalancing the income against household earnings shocks arising from the unemployment in the U.S. (Dynarski Gruber, 1997). Agell, et al. (1997) noted that the government purchases and transfers can enhance employment thus strengthening and stabilizing the economic growth of the nation. Spending on infrastructure will create more jobs opportunity (Kenyon, 1997). Government spending can raise labor productivity and also complements the investment from private sectors. Subsequently, the demand for labor will increase, hence, decreases the unemployment rate. The whole process of government spending is like a catalyst that can stimulate the overall economic activity and growth in the country. According to Feldstein (1978), due to the unemployment insurance and taxation on labor income could deform work-leisure decisions, and it increases unemployment rates. Even if they do not have a job, they could still get the unemployment insurance to support their daily lives. Thus, this will result in a negative manner where labors will depend on the unemployment insurance instead of working hardly. On the other hand, the increase in income tax will lead to unemployment because income taxes charge according to personal income of individuals. The higher the income, the higher the taxes the person needs to pay. Everyone work so hard to get better income for a better life and yet they need to pay higher tax. Hence, there is this mentality where they would choose or decide not to work hard or be jobless, so that they would be able escape from being oppressed by the government with income taxes. 2.3.4 Trade According to Brecher (1974), the unemployment rate could rise or fall after trade depending mainly on whether the country exports labor-intensive goods or not. It shows under the Heckscher-Ohlin model. Davis (1998a, 1998b) further discussed about the effect in a two-country framework. If home country produces and exports labor intensive goods, then the employment rate will increase. Matusz (1996) explored the consequences of opening to trade on the unemployment rate using the efficiency-wage framework. Open to trade will create intra-industry trade. It creates new jobs opportunity and then reduces the unemployment rate. According to Brecher (1974) and Davis (1998), their study found that trade liberalization can reduce unemployment rate. Foreign workers are able to go to other countries anytime if there is no existence of the barrier of trade. Thus, a countrys supply of labor will be excessive and it reduces tremendously, the job opportunity for domestic labors. Besides, frictional unemployment in comparative advantage model was introduced to find whether any relationship lay on a comparison of capital-labor benefit across countries (Davidson Matusz 1988). For a country that produces capital intensive goods, labor skill is not in need for its production, thus, unemployment rate will increase. Besides, fair wages has been introduced into a model with increasing returns to scale and trade liberalization of trade that would increase the unemployment rate (Egger and Kreickemeier, 2009). Labor wages in home country will be affected due to the excess in foreign labor supply. It reduces domestic wages and also reduces the chance of domestic worker to get a job at home country. As for one of the consequences, domestic unemployment rate will increase dramatically. Helpman and Itshoki (2008) combined the comparative advantage consideration and increasing returns to scale by using search-matching approach. In conclusion, globalization can affect the increase of unemployment rate. Foreign workers can enter into the domestic labor market in a country, with cheap labor wages, that will result in the reduction of domestic wages as well as reducing the chance of domestic workers to get a job in their own country. Unavoidably, the domestic unemployment rate will increase. According to Thomas (2004), Malaysia is heavily depending on foreign trades, the nations exports account contributes large proportion of GDP, and manufactured goods are one of the main exports of Malaysia. As Malaysia is dependent on generating revenue through exports, many problems would occur if the exporting sector fails. Mainly, it will cause a major unemployment issue that would cause many of its people to suffer economic downfall. This is because manufacturing factories fail to sell and export their products, causing them to face financial problem. Therefore, it would result in the closing down of the factory, thus, the unemployment rate rises. 2.4 Unemployment Benefits in Malaysia Unemployment benefits system is a benefit which is for eligible workers who become unemployed. Unemployment benefits consist of unemployment insurance and unemployment assistance. Unemployment benefits are available to the eligible unemployed only. The term eligible here means an unemployed individual which is in a condition of ready, willing and able to work on the go (Eva Liu, Walter and Kwong, 2000). Many studies have proven that unemployment benefits effectively smoothens consumption during unemployment. According to Gruber (1997), he found that the nations budget on consumption expenditures would fall by 22 percent without the presence of unemployment insurance. It is proven from the study that unemployment could deteriorate not only the populations welfare but as well as the country itself. Furthermore, according to Kugler (2002), a study has made showing that the withdrawals from unemployment insurance savings account cause an increase of consumption level by unemployed househ old in Colombia. Martin Borowing Thomas Crossley (1996) discovered the impact of unemployment benefits to household welfare through the chain below. In general, their research study has concerned and included the overall link from unemployment benefits to its expenditures. As the result, they found out that a 5 percent cut in unemployment benefits level will cause an expenditure fall by 0.3 percent. The unemployment benefits as a major income for unemployed household have significantly larger falls in consumption. Also, some of the studies have been reviewed. For instance, the author reviewed Kell and Wright (1990) and Lundberg (1985) studies which were the relationship between personal income and household income depending on the reaction of earnings by other family members. Unemployment Insurance benefits Personal Income Household Income Household Expenditure Household Utility Level However, Malaysia does not have any unemployment benefits system but the government has prepared a several types of welfare benefit system. 2.4.1 Severance Pay Severance pay, in Malaysia, is regarded as a form of unemployment-related benefit for both employers and employees (Eva Liu, Walter and Kwong, 2000). Those workers, whose earnings which are not exceeding RM 1500 per month, irrespective of their earnings are covered under the employment Act 1955, will be provided for severance pay. Severance pay is known as retrenchment benefits, or termination and lay-off benefits in Malaysia. The rate is paid at the following rates: 10 days, 15 days, 20 days wages for each year of service for an employment shorter than two years, longer than two years but shorter than five years, five years or longer, respectively. Severance pay is expected to be sufficient to meet the basic need of an unemployed worker until the next job is found. But, one must be clear that, severance pay is not equivalent to unemployment insurance or unemployment assistance. Recipient employees do not need to have any prior contribution, neither the recipient employees are required to be able to work, nor willing to working or in the mode of finding work, in order for him to receive severance payment. Severance pay is made to an employee solely on the basis of termination of contract by the employer. 2.4.2 Employees Provident Fund The Government has set up the Employees Provident Fund (EPF), a social security organization that provides retirement benefits to private sector  employees and non-pensionable public service employees.  Ã‚  Under the Employees Provident Fund (EPF) Act 1951 (Malaysia,1951), it is compulsory for all employers and employees to contribute towards this Fund. Employer need to contribute 12% for his employees EPF at the same time, employee need to contribute another 11% for himself from his monthly wages into his EPF savings. This fund provides benefits for old citizens, disability and death. Nevertheless, it does not provide cash assistance to any employee who is unemployed and the money can only be withdrawn when one reaches the age of 55. 2.4.3 Work Injury Insurance Work injury insurance is treated as a kind of employment related benefit in Malaysia. The Social Security Organization (SOCSO), a statutory body, administers payment of benefits under the Employment Injury Scheme and Invalidity Pension Scheme. The Employment Injury Scheme provides protection to employees who are involved in accident during work. On the other hand, Invalidity Pension Scheme provides 24 hours coverage for employees from invalidity or dies irrespective of the cause of death. Although these two schemes are not somewhat unemployment-specific, an unemployed worker could benefit under these schemes. That particular individual is covered whenever an injury or invalidity happens during his/her immediate past employment. This indirectly categorizes those two schemes, as the unemployment benefits system which is practiced by other countries (Eva,L. Walter,K.2000). 2.4.4 Services for the Poor In Malaysia, under the Destitute Person Act 1977, public assistance is available to households with monthly income of less than RM460. Families which suffer from poverty due to unemployment, aging, illness or even disability, may apply for assistance under this program (Eva,L. Walter,K.2000). 2.4.5 Labor Laws There are various labor laws in Malaysia that specify the obligations of employers with respect to the workers benefits which is mainly related to sickness, maternity, and termination. In other words, basic protection, such as mentioned above, has to be provided by the employers for their employees. The principal labor laws on these matters are the Industrial Relations Act 1967, the Employment Act 1955 for Peninsular Malaysia, the Labor Ordinances of the states of Sabah and Sarawak. The formula for the benefits is specified in the relevant laws. Certain sectors have their standard cover or benefits for those who are related within the sector itself. For instance, those in the plantation sector are accorded certain minimum benefits such as housing and medical benefits the Workers Minimum Standards of Housing and Amenities Act, 1990.(Soh C.S, 2007) 2.5 The effects of Unemployment on Social Issues Unemployment is one of the major causes of many social and economic problems, such as the imbalance of social status among the populations or the increase of vice activities. Social problem is pin pointed in this discussion. Of many countries around the globe, Malaysia is not excluded from getting involved and dealing with crime offence issues every day. The phenomenon of crime wave has received an increasing attention and the criminal activity has been given wide coverage in the newspaper and media (Muzafar Shah Habibullah A.H. Baharom,2008). As proposed by Becker (1968) and Ehrlich (1973), however, criminal activity in Malaysia does not attract the attention of the people across the globe and remains largely neglected by the economics of crime literature. Economic condition seems to be one of the most important macroeconomic variables affecting crime. According to the economic models of crime such as Becker (1968), when a nations economy is stabilized, fortified and becomes stronger, this would open more opportunities for the citizens to get themselves involved in the nations workforce. When individuals earn their income legitimately, the possibility or tendency of an individual to get involved in crime related activities would be greatly decreased, thus, relatively decreases the crime rate. According to Pichaud (1997), unemployment can cause a humongous social and economic cost to a countrys budget. Every problem arises would have its consequences, for instance, when the unemployed are faced with financial problem, hence, those individuals will be in poverty and in debts due to the inability to pay up their levies. The matter would be worse for those individuals having to support their family members. Once the population is in the state of poverty, they would be thinking of possible ways, legally or illegally, to get money in order to support their daily life expenses. According to Ehrlich (1973), he predicted that when opportunity cost in illegal activity is low, then unemployed will get involved in criminal as they can get better payoffs. Therefore, there are certain kinds of criminal activity are directly linked to unemployment. Jahoda (1982) has linked unemployment to family disruption, suicide, health problem, drug addiction, malnutrition, poor prenatal care, schoo l dropouts, racial and ethnic antagonism, and other possible social problems. On the other hand, a study proved a relationship between GDP per capita and robbery rate. The study tells that an increase in GDP per capita is associated with a significant fall in the robbery rate (Fajnzylber, Ledeman, Loayza,2002). This result supported by economic cycles which have a strong impact on crime. There is many other studies that prove and support the statement that strong economic performance may reduce criminal rate such as Pyle and Deadman (1994), Deadman and Pyle (1997), Hale (1998) and Masin and Masih (1996). Unemployment could affect the lifestyle of the society as this is strongly related to stress management. For an example, when unemployment occurs, this would increase

Wednesday, November 13, 2019

Analysis of Act 5 in Othello :: Othello essays

Analysis of Act 5 in Othello      Ã‚  Ã‚  Ã‚  Ã‚   Iago's intelligence causes the self destruction of Othello.   He appears to be the most intelligent person in the play, Othello, by the way he acts and handles some situations.   Iago is set to plan revenge on Othello for not making him lieutenant.   He gains the trust of Othello by telling lies to him, and these lies cause the destruction of Othello.      Ã‚  Ã‚  Ã‚  Ã‚   Othello should have investigated on some of the outrageous things Iago has told him.   Iago is simply just trying to gain Othello's trust.   This is shown when Iago talks about killing Roderigo because he was saying bad things about Othello.   "Nine or ten times I had thought t' have yerked him here under the ribs." (1:2, 4-6).   The same thing happens again, this time about Cassio. "With her - on her - what you will."   (4:1, 42).   Iago tells Othello about Cassio sleeping with Desdemona.   This appears to be Iago's smartest move because this causes the death of Desdemona and Cassio.   This part also appears important to Iago because he is finally made lieutenant.      Ã‚  Ã‚  Ã‚  Ã‚   Othello changes dramatically when he hears all these lies from Iago. He is now less patient.   He hurries through many decisions to be made.   Such as the one to kill his wife.   He also jumps to conclusions too quickly.   This is shown when Iago and Bianca are talking about Cassio and Othello misinterprets them talking about Desdemona.   "Ay, let her rot and perish and be damned tonight, for she shall not live."   (4:1, 200-201.   Othello is planning Desdemona's death.   He appears to be very stressed out, by the way he acts and