Monday, May 25, 2020

The Growth Of The Malaysian Bond Market Finance Essay - Free Essay Example

Sample details Pages: 6 Words: 1787 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Malaysia bond market is one of the fastest growing bond markets in Asia. The bond market reached a whopping amount of RM730.0 billion as at September 2010 compared with RM634.8 billion as at end year December 2009. Both public and private sector contributing a balance mix amount of 53% and 47% each. Ringgit was the best performing Asian currency against the US dollar. Thus this will cause the increase of the demand on Ringgit denominated bond. The bond is rated base on its strong performance and the ringgit is expected to further appreciate on speculation of Yuan appreciation. The ringgit has gained 7.0% against the USD as compared to other Asian currencies. With the unpredictable volatility of stock market; investors have begun searching for an alternative investment. Malaysian investors should look forward in holding ringgit denominated bonds while avoiding global bonds. Currency Year to date (YTD) basis Currencies Performance VS USD. Ringgit 7.0% India Rupee 4.6% Korean Won 4.6% Indonesia Rupiah 4.1% Thai Baht 3.2% Singapore Dollar 2.4% Taiwan Dollar 2.1% China Yuan 0.0% Source: Bloomberg, iFAST Compilations, date as at 26Apr 2010 Malaysia posted 4.5% GDP growth as at year 2009 was backed by the improvement of external and domestic demand with support of better economic fundamental. The global recovery since the 2007 Financial Crisis has yet to see double digits of year on year growth recorded in exports and manufacturing sales growth. The New Economic Model (NEM) is a plan to transform Malaysia into a high income economy country has somehow influence the recent surge in Ringgit. Malaysian government plans to cut its budget deficit from 7.9% of GDP in 2009 to 5.4% of GDP in 2010 by reducing the supply of bonds. On the other hand, as a result of some of the developed nation such as Portugal, Italy, Ireland, Greece, Spain, UK, US and Japan see their debt to GDP ratio soar. These have cause an increase in demand for Ringgit denominated bonds as it perceived their sovereign debt risk would continue to rise. Investors look at developing nations debts as an alternative source to provide them a safer alternative investment. The rise of bond yields will cause the fall in bond prices when the economy improves because investors will withdraw money out of safe or government backed bonds and opt for riskier investments. Investors will search for better opportunities in the stock market to gain potential bigger returns. Generally a recovery of a countrys economy or a good economy expectation will be the typical reason for bond yields to go up. However, the perceived of higher risk default on a country could also be a reason of the rise on bond yields. Example the recent Greek bond yields sore up to 7% recently due to its meltdown on fiscal deficit. When bonds are issued the issuer will compensate investor with periodic interest payments for the use of money. Bo nds carry coupon rates that are close or similar to the prevailing market interest rate. There is an inverse relationship between the interest rate and bond prices. The reason that causes the inverse relationship between interest rate and bond price is due to the opportunity cost of investors investment alternative. Investors will compare the returns on their current investment to what they can get in other market. Market interest rates changes will affect the attractiveness and preference of investors on bond market. For an example, suppose XYZ Company will to issue a bond carrying a coupon rate of 5%. This means the bond will pay RM50 a year in interest and you decided to purchase the bond at its par value of RM1000. Lets assume that if the interest rates in general go up. New bond being issue at RM1000 now will be paying 6% coupon. Investors will be reluctant to pay a face value of RM1000 for the previous XYZ bond. You cant change the interest rate on the bond. However you can change the price you are willing to take for the bond. In order to sell the bond, XYZ Company has to offer the bond at a lower price or a discount. The annual payment of the XYZ at RM50 (RM1000 x 5%) must equal a 6% payment. Doing a simple calculation you can find that the face value of the bond must be discounted to RM833 so that the RM50 fixed payment equals a 6% yield on the buyers investment (RM833 x 6% = RN50 ). Similarly, if the rates dropped below 5% of the original coupon rate the bond would be worth more than RM1000. Therefore it would be price at premium since it would be carrying higher interest rate than what currently offers on the market. This example is to illustrate the relationship between the interest rates and bond price at 10 years maturity. It does not represent the actual computation of a bond price. The following example will go in-depth on computing the bond price base on the present value formula. The basic present value formula for calculating a bond s price stated below: P = Market price of bond C = Coupon Payment M = Value at maturity, usually equals to face value i = Market interest rate or required yield N = number of payments Referring to the above example the increase of interest rates at i = 6%, C = RM50, M = RM1000, N = 10. The price of the bond will price approximate at RM926 lower than the face value of RM1000. The bonds yield relates the relationship of the ringgit price to its cash flow. The bond cash flows consist of coupon payments and return of principal. The principal is normally returned at the end of the bond terms known as the maturity date. The bond price is the sum of the present value of every cash flow consists by the bond. Inflation causes a big stir in bonds market. When there is a rising expectation in inflation it will cause direct impact in interest rates rise, bond yields rise therefore a fall in bond prices. The market bond price will normally be priced relative to a benchmark, usually base on a government security. If the bond is a good rated bond it has a smaller spread between its required return and the yield to maturity (YTL) benchmark. Bond Pricing Agency Malaysia (BPAM) Ringgit bond index includes bond types of zero coupon, fixed coupon, bullet and bonds with secondary notes. The indexes also consist of treasury, government related and corporate sector. It has 732 bonds with a total market capitalization of RM524 billion. The bond index is the weight of a security in the index the market value of that security on issue divided by the total value of all securities on issue. BPA Malaysia Bond Index: Source: Bond Pricing Agency Malaysia Sdn. Bhd date as at 26Oct 2010 Source: Bond Pricing Agency Malaysia Sdn. Bhd date as at 26Oct 2010 The accumulation index will increase due to the interest earned on the bonds in the index portfolio. The primary source of movement due to the rise in yields implies a fall in prices and the index. While a f all in current yields holding all other factors equal implies a rise in the index. Therefore there is a positive relationship between the prices change on the index. The shorter the maturity period of the bond the weaker the impact of differences between bonds yields and coupon rate. Bonds priced at discount will cause an increase of value over the time by holding other things being equal, while bonds priced at a premium will decrease in value. The price changes of bonds will automatically balance the index. The increase in weighting in proportion of the rise in market value would have cause by the rise in the price of a particular bond. The following table shows simple average returns with a graph of the total return index: Simple average return 1 Month 0.57% 3 Months 2.11% 6 Months 3.83% 12 Months 5.83% 18 Months 7.71% 24 Months 13.61% Source: Bond Pricing Agency Malaysia Sdn. Bhd date as at 26Oct 2010 The BPAM values bond portfolios through providing a price that is market relevant and may be done via fair valuation or taking the market price through mark-to-market. BPAM provides prices for all the bonds in the market the cope with the lack of bonds price due to not being traded. By using the last traded price can be use when the market price is reliable only in an efficient market. It also uses the fair valuation that a methodology is used to provide a rational and unbiased estimate of the potential market price. To estimate the current price it uses the arms length market transactions and relative comparison. The pricing process of BPAM is base on a daily yield adjustment exercise whereby the adjustment is done on pre and post data. Other factors that affect the price calculations include credit rating changes, micro and macro economic factors and changes in the bond terms and condition. BPAM chief executive officer Meor Amri Meor Ayob claims that the BPAM Reference Pricing Service (RPS) could reduce pric e discrepancies between primary bond issues and secondary market trades and provide an alternative to issuer for prices negotiated by investment bankers or bond arranger. This is to aimed at giving the fair price of a proposed bond issue, based on the current interest rate and economic environment. The difference between the prices should not be a different in when it is issued and when it began trading therefore whether it is at the primary or secondary level there should not be a change in price. The risk interest rate environment, the credit rating, the risk exposure and the asset should not be a discrepancy in price. The following graph shows the correlation analysis between the Bond Market Index level VS Equity Market Index level: Source: Bond Pricing Agency Malaysia Sdn. Bhd date as at 26Oct 2010 The above chart shows the performance of bond market index perform better than the FBMKLCI from the beginning year. In year 2010 it shows a better economic sign compared to t he previous year causes the increase issuance of financial related bonds. Government bonds were oversubscribed by 6 times while issuance of commercial paper by Private Corporation such Kinsteel Bhd being oversubscribed by 1.3 times. This clearly indicates that there is good liquidity and institutional interest in bonds and other fixed income instrument. Investors should consider their interest in the bond market as the effect on bond pricing provides a great opportunity for steady and safer returns. A few European countries have causes the downturn of the European region economy. Besides the quick recovery of stock market since 2007 financial crisis have increase the doubt of most investors in the stock market performance. The issuance of bond in Malaysia has been increasing from both government and corporate sectors to meet the demands of interested parties. Therefore with the active bond market that has a good pricing prospect in the future provides a safer ground for risk adverse investors. Don’t waste time! Our writers will create an original "The Growth Of The Malaysian Bond Market Finance Essay" essay for you Create order

Thursday, May 14, 2020

Morality, the topic at focus, is the vertebral column of...

Morality, the topic at focus, is the vertebral column of the first aphorism of the section â€Å" Those Who â€Å"Improve† Humanity†, in Friedrich Nietzsche’s book, â€Å"Twilight of the Idols†. In an attempt too explain what it entails, the text is to be split down into five divisions. The first section extends from line 1 unto line 4, the second; lines 4-7, the third; lines 7-11, the fourth; lines 11-12 and finally the fifth proceeds up until line 17. The first section, embraces Nietzsche’s estimation of the qualities and the worth of philosophers. He opines, that â€Å"they place themselves beyond good and evil†, concerned with the principles of right and wrong behavior; that is morality. The reason for so doing, according to him, is for philosophers to†¦show more content†¦The reason thereof is, that they contain â€Å"nothing but nonsense† at all times. The closing section, introduces a different viewpoint of Nietzsche’s. In concession, he states that moral judgments are â€Å"semiotically invaluable†, which means that the way moral judgments function and the manner, in which they have come to signify what they do, is extremely useful. According to him, moral judgments, serve as a divulgence of precious and beneficial realities of â€Å"cultures and inner states†. He holds this statement as true, exclusively to those who are knowledgeable. He describes the â€Å"inner states† as those who do not have sufficient knowledge to comprehend themselves. Nietzsche further elaborates what morality is by providing an additional definition for the word. It is a â€Å"sign language†, he suggests. It is a sign for the existence of something, which would only be useful if its intrinsic nature is known. Hence, he calls it a â€Å"symptomatology†. From my division of the aphorism and the above stated explanations of each section, it could be inferred that Nietzsche is a moral relativism protagonist. His statement: â€Å"there are no moral facts at all†, reveals such classification. A probable significance of what he means by â€Å"moral† is, the concern with the principles of right and wrong behavior. Affirming my apprehension of his words, Nietzsche states his belief regarding the philosophers, as follows; â€Å"they place themselves beyond good and evil†. In anyShow MoreRelatedFriedrich Nietzche Essays1406 Words   |  6 Pages Friedrich Nietzche was born in Rocken. He spent much of his time alone, reading the Bible. Nietzsche’s father died in 1849. The young man withdrew deeper into religion. Friedrich received a scholarship to Schulpforta, an elite prepatory school with only 200 students, in October 1858. The scholarship as intended to fund Nietzche’s training for the clergy. His mother, Franziska, and his young sister, Elizabeth, are dedicated to Friedrich’s success, certain of his future. At the age of 18,NietzscheRead MoreAnalysis Of Brave Souls By Friedrich Nietzche1514 Words   |  7 PagesBrave souls seek to define life: a subject so broad it seems nearly impossible to define by any means. However, there exists a set of human beings who seek to uproot any conventional thought on the definition of life. Friedrich Nietzche is one of those daring souls who sees life as a bleak, ephemeral, meaningless, and deceptive time from birth until death as he explains masterfully in the essay â€Å"On Truth and Lie in an Extra-Moral Sense.† One of the subjects he especially focuses on is the topic ofRead MoreThus Spoke Zaratustra by Frederich Nietzche966 Words   |  4 PagesThe use of language is woven into such a dynamic doctrine in Thus Spoke Zarathustra that it speaks mountains of Nietzsche’s genius. The aspect of two voices speaking as one shows a grasp for the written word that few have accomplished. 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Luckily with the new innovation of the type writer Nietzche was able to continue his writing when he managed to â€Å"master touch-typing† (965).Read MoreThe World citizenship opposes idea of nationalism Nussbaum’s main argument is about700 Words   |  3 Pagesunderstand structure of atom. Their structure looks similar. In adition, Ross does not describe entirely what is scientism. He only described it as simplification. So, in this case Ross can be also accused for scientism. Power of Intention The Nietzches’ main argument that people should fight against internal enemy.(CIHSS 2013) Internal enemy is our egoism which harms us and others, or prevents us from doing good things. (CIHSS 2013) For him internal enemy was â€Å"certainty, and mastery†. Because certaintyRead MoreFyodor Dostoevsky Crime And Punishment Analysis1214 Words   |  5 Pagesit by using ethics of Raskolnikov’s view. The second way in which Dostoevsky disapproves the Superman theory is by using a German philosopher named Fredrich Nietzche work. His work included the concepts of creating a valued Ubermensch which was a solution to the problem of death, God and nihilism. In this short passage by Fredrich Nietzche from Thus Spoke Zarathustra, he says: â€Å"I teach you the overman. Man is something that shall be overcome. What have you done to overcome him? All beings so farRead MoreThe Making Of Evil1251 Words   |  6 Pages Lauren Mlouhi Ms. Herrera English AP (7) 13 December 2015 The Making of Evil The conception of evil is an inevitable topic that has been argued for centuries and will be for more to come. But what is immorality? Friedriche Nietzche believed that turpitude is solely dependent on one’s own personal perception and is stimulated by one’s desires. In British Literature we are commonly introduced to characters that have developed from foulness as an outcome of obtaining what they want. According toRead MoreEssay Ingenious Pain1189 Words   |  5 PagesBecause of this he lacks empathy, the essence of all human qualities. As his parents die from Smallpox, he is unhindered by the traumatic event of his family. His inability to feel pain also disallows him to feel pleasure. This connects to Friedrich Nietzche theory of pain. He theorized, †But what if pleasure and pain should be so closely connected that he who wants the greatest possible amount of the one must also have the greatest possible amount of the other, that he who wants to experience the heavenly

Wednesday, May 6, 2020

Holden Caulfield s The Catcher Of The Rye - 1213 Words

The Catcher in the Rye by J.D. Salinger’s protagonist, Holden Caulfield suffers from depression due to the death of his younger brother, Allie. Allie’s premature passing elicits Holden’s cynical views of the world and the â€Å"phonies† around him. Holden isolates himself from those around him in order to shy away from the complexities of life. Salinger uses a hat, a museum, and a merry-go-round to illuminate Holden’s inner turmoil with people, the notion of adulthood, and growing up. Sigmund Freud’s psychoanalytic theory and the studies of Ego, Superego, and Id are used to show the significance of Holden’s behavior in The Catcher in the Rye by J.D. Salinger. The eccentric hat that Holden holds close to him symbolizes his desire differentiate himself from the common place â€Å"phonies† around him and hold on to his brother’s lost childhood. Holden’s perception of the people is one of disdain because he believes no one acts how they truly feel. Growing up terrifies Holden as it leads to the â€Å"phoniness† of adulthood. The hat, with its bizarre style, embodies Holden’s wish to hold on to the triviality and simplicity that childhood allows and offers him â€Å"quite a lot of protection† (213). However, Holden is embarrassed to wear the hat around his peers because he is uncomfortable being too different. Causing conflicting thoughts in Holden’s mind that leads to his depressed state. The super ego in this book is represented by the authorities in general, the school and society and itsShow MoreRelatedHolden Caulfield s The Catcher Of The Rye1416 Words   |  6 PagesIt is evident that the protagonist, Holden Caulfield suffers from depression due to the death of his younger brother, Allie in The Catcher in the Rye by J.D. Salinger. Due to Allie’s death, Holden’s actions elicit his own views of the world and the â€Å"phonies† around him.   Holden has tunnel-vision to living a simple, happy life and isolates himself from those around him who understand the concept of growing up. Salinger uses a hat, a museum, and a merry-go-round to illuminate Holden’s emotion, theRead MoreHolden Caulfield s The Catcher s The Rye 1331 Words   |  6 PagesAre 50’s teens able to survive the hurtful but unavoidable transition of becoming a grown up as they struggle with the changes that come along with it? JD. Salinger’s 1951 book, The Catcher in the Rye, shows us how society treated their confused and changing teenagers during their transition into adulthood. The book’s main character Holden Caulfield is being pressured into growing up even though he doesn’t feel ready, to lead an adult life. He is still struggling socially and mourning for his deceasedRead MoreAn Analysis Of Holden Caulfield s The Catcher s The Rye 900 Words   |  4 Pagesstory The Catcher in the Rye the 16-year-old protagonist, Holden Caulfield, experiences a conflict that makes him want to relive his childhood memories. Holden has so much hatred toward the adult world and he thinks adults are very phony and lame. J.D Salinger delves into the mentality of a boy that hates adult intimacy and sexuality. Holden ends up in a mental institution to recover from his problems and to overcome his fear of adulthood. This novel is set in the early 1950s and Holden is from NewRead MoreCharacter Analysis Of Holden Caulfield s The Catcher Of The Rye 1733 Words   |  7 Pagesthe novel The Catcher in the Rye by J.D. Salinger, Holden Caulfield is faced with multiple â€Å"phonies† that divert him from those he really holds affection for. Throughout the novel Holden shows disgust for certain characters but his ability to build relationships of intimacy are most eminent. Through Allie Caulfield, Holden is able to make a more personal connection. Seeing as how he is now dead, Allie is a savior in the eyes’ of Holden when he is in the time of need. Phoebe Caulfield, Holden’s tenRead MoreAn Analysis Of Holden Caulfield s The Catcher s The Rye 1941 Words   |  8 Pagesenough; one cannot appreciate the blissful innocence of childhood until it has passed. The novel, The Catcher in the Rye, explores the complex and often incomprehensible transition to adulthood through the experiences of the protagonist, Holden Caulfield. J.D. Salinger uses Holden’s character to express the challenges teenagers must overcome in order to adapt and succeed in an adult society. Holden outlines the challenges he is experiencing through this time of development by striving to preserve childhoodRead MoreHolden Caulfield s The Catcher Of The Rye1493 Words   |  6 PagesJerome David Salinger’s novel, The Catcher in the Rye, describes Holden Caulfield’s journey to understand the complexities of growing up and his purpose. In the beginning, he is in a mental hospital somewhere near Los Angeles and is writing about this â€Å"madman stuff† to a psychoanalyst. Holden flunked out of Pencey Prep and leaves his dormitory to go on a journey around New York to find his way through post-war New York society. At the same time, he is suffering from depression and is on the vergeRead MoreHolden Caulfield s The Catcher Of The Rye824 Words   |  4 PagesThe Catcher in the Rye Symbolism Essay J.D Salinger’s Catcher in the Rye, is the story of Holden Caulfield’s loss of faith in society, and in particular adults. Salinger uses a number of symbols to demonstrate Holden’s rebellion against the phony facade of society and his desire to preserve the innocence of children, especially those he loves. Chief among them is Holden’s misinterpretation of Robert Burns’ poem â€Å"Comin thro’ the Rye†, wherein Holden mistakes the original line, â€Å"If a body meet aRead MoreHolden Caulfield s The Catcher Of The Rye1928 Words   |  8 PagesIn The Catcher in the Rye by J.D. Salinger, Holden Caulfield’s story is seemingly aimless and without any sense of direction. However, Salinger brings the novel into focus in the final chapters by introducing the idea of being the â€Å"Catcher in the Rye† from the poem by Robert Burns. Salinger chose the name â€Å"Catcher in the Rye† for the title of his novel, but why? The a nswer is that Salinger wanted to emphasize the connection between Holden, the main character, and the cryptic â€Å"Catcher.† Holden confessesRead MoreAnalysis Of Holden Caulfield s The Catcher Rye 1308 Words   |  6 Pagesscratch, while others perish into the rubble. The same can be said for Holden Caulfield, the protagonist of J.D. Salinger’s novel The Catcher in the Rye, a teenager that suffers and wallow in his misery behind the scene’s, yet lives a life of luxury and debauchery for all to witness. Psychoanalytical theory operates as a catalyst in analyzing and understanding Holden Caulfield in the narrative of The Catcher in the Rye. Holden is introduced as a defeatist, juvenile youngster that has just failed outRead MoreHolden s Influence On Holden Caulfield s The Catcher s The Rye 846 Words   |  4 Pagesforces that interact with one another greatly. For example, in The Catcher in the Rye, these two influences affect Holden Caulfield significantly. They have a large impact on how he views the world and other people. Whilst Holden â€Å"served the author’s purpose: to scrutinize the cruelties and banalities† of society, The Catcher in the Rye remains a work that may helps others understand the path to happiness (Coles). A concept Holden had observed from the start of the novel was the materialism and egotism

Tuesday, May 5, 2020

Goblin Market and The Lady of Shallot Essay Example For Students

Goblin Market and The Lady of Shallot Essay Christina Rosseti and Alfred Lord Tennyson, both notorious poets of the Victorian era (1830-1901) were heir to the poets Romantic era, which employed an interest in personal experience, everyday things, ordinary language, the Gothic, and the medieval as a basis for their poetry. The Victorian era carried from the Romantics distrust of religion, scepticism and an interest in the occult, and in some ways, Victorian poetry is known for its great sensibility. However the works of Tennyson and Roseti seem to employ a more religious Pre-Raphalite style of writing. Both Goblin Market and The Lady of Shalott explore love, death, temptation, Christianity, and suffering. Each taking an individual standpoint on the subjects. Let us first examine the themes of Love in the poem Goblin market. Although the main theme of the poem is temptation, the symbolism in the poem evokes images of sin, sexuality, corruption, and affection for loved ones. The main theme of love is the strong affection between Lizzie and Laura, their sisterly love helps them survive, this sisterly love is known as Agape (Dictionary Definition: Love as revealed in Jesus, seen as spiritual and selfless and a model for humanity. Love that is spiritual, not sexual, in its nature). From this definition we can draw the fact that their sisterly affection and selflessness helps them to help each other out with compassion: For there is no friend like a sister, In calm or stormy weather, To cheer one on the tedious way, To fetch one if one goes astray, To lift one if one totters down, To strengthen whilst one stands In this poem the temptations of the Goblin men are fought off by the love of the two sisters. For your sake I have braved the glen, And had to do with goblin merchant men , this shows the selflessness of Lizzies love, that she was prepared to sacrifice herself for the sake of her own sister. Her love not only involves sacrifice but also protection, she seems to be wiser and more intelligent and sensible than Laura, and therefore takes the role of her protector and guardian when she thrusts a dimple finger in each ear to shield Laura from the harmful temptation of Goblins. In the end Lizzies love prevails and she lifts her sister out of the murky depths of addiction. Some compare Lizzie to a Christ-like figure: since she is almost like a Martyr, resisting the temptation of poison to save her sister and redirecting her sister from the evils of Sensual love. I hear the fruit-call, but I dare not look: You should not loiter longer at this brook: come with me home. Rosseti, when describing the vicious and desperate struggle between Lizzie and the Goblin Men uses very aggressive alliteration, the whole passage is filled with actions synonymous with struggling and jostling, which alliterate to depict a very vivid portrayal of a tough and uncomfortable physical struggle: They trod and hustled her, Elbowed and jostled her, Clawed with their nails, Barking, mewing, hissing, mocking, Tore her gown and soiled her stocking, Twitched her hair out by the roots, Stamped upon her tender feet However despite this vicious physical assault, as Rosseti says in the poem herself, One may lead a horse to water ,Twenty cannot make him drink. And in the end Lizzie does NOT drink, she rises up and stands resilient in the face of abuse and evil, showing that good will prevail, and that in the face of adversity and attack, amidst chaos and temptation the actions of the just and the love and devotion and passionate desire for the emancipation of her dear sister lift her out of the murky sewers of defeat, making her the loving, selfless, death defying heroine in the poem. Edward VI - Young, Gifted and King EssayShe made three paces thro the room, She saw the water-lily bloom, She saw the helmet and the plume, She lookd down to Camelot The mirror crackd from side to side This shows that after being tempted by Lancelot she can no longer bear the shackles of sexual and sensual oppression; she breaks the mirror and is drawn into the world she has longed for. She is so deprived of love that even a funeral with plumes and lights was a happy, lovely thing for her. Death is this poem, unlike Goblin market, is an end, it is death in its realest form. She is not resurrected or lifted, she simply dies, and she is solitary. Her life almost seems like a death itself, grey walls grey towers. And the pathetic fallacy in the poem also is one of death and decay: willows whiten, aspens quiver, depicting a season of decay. The Lady of Shallot is curious of the outside world, of Camelot, like Laura is of the goblin fruit. They both decide to take a leap into the unknown, and unfortunately, only one of them can live. The Lady of Shallots curiosity leads to her falling into her curse, going to Camelot meant death for her. But also death in this poem is a release, a release from her entrapment and encasement. a gleaming shape she floated by, dead pale. Her dead body, some say, depicts the death of beautiful and wonderful classical art and classical architecture into the deeply dismal and boring angular industrialised style. When once she was beautiful, she then died and her face was pale and robbed of its previous glamour. A truly tragic and symbolic end to a compellingly gripping tale of love and the release from a life of shadows. Both the poems have tragedy, love, passion, hate, aggression. Both poems are intense in their vivid imageries and explore deep and delightful boundaries. In Goblin Market the girls are isolated from the harsh realties of the Goblin Men, but when they face them, they are united and they conquer the outside evils which have infiltrated them, and with love they reign supreme. However, the real world kills the Lady Of Shallot, for her love is unrequited, and in the search for love and passion she seals her own fate, and is bound to death, alone and without emancipation.

Saturday, April 11, 2020

Hinduism And Buddhism Essays (3893 words) - Reincarnation

Hinduism And Buddhism Hinduism and Buddhism Hinduism and Buddhism have different similarities and are in some ways connected to each other. Some of the practices of the two religions are similar in various ways and there are several examples to show this. Hinduism first started in India around 1500 BC. The word Hindu comes from the Sanskrit word sindhu, or river. The Hindu community define themselves as those who believe in the Vedas, or also those who follow the way, or dharma, of the four classes and the stages of life. The four classes being the varnas and the stages of life being the ashramas. Like Hinduism, Buddhism also started in India. It is based on the teachings of Siddhartha Gautama, who is called the Buddha or the Enlightened One. Buddhism started a monastic movement in the Brahman tradition. It is generally agreed that the Buddha was born in 563 BC in Kapilavastu to the ruler of a small kingdom. He grew up with luxuries and had a sheltered life. When he was 29 he came to realize that hi life up to this point had been so empty. He let go any earthly attachments and soon set out to find peace and enlightenment trying to steer away from the cycles of rebirths. He started practicing Yoga and adopted a life of radical asceticism. He soon gave up this way of thinking and focused on a middle path between the life of indulgence and that of self-denial. After a time of great inner struggle, he began to wander to different places and preach and organized a monastic community know as the sangha. The Buddha started the movement for all different peoples and denied that a person's spiritual worth is a matter of birth. The Buddha left no written word. His ideas Tillotson 2 have been put into writings though but his followers. The Cannon for the Buddhist religion is known as the Tripitaka, or Three Baskets, because is has three writings. These are the Sutra Pitaka, which is a collection of discourses, the Vinaya Pitaka, which is the code of the monastic discipline, and the Abhidharma Pitaka, which contains all different philosophical, psychological, and doctrinal discussions and different classifications. The Sutra Pitaka is made up of dialogues between the Buddha and his people and consists of five different texts. The first is the Digha Nikaya, then the Mijjhima Nikaya, the Samyutta Nikaya, Anguttara Nikaya and the Khuddaka Nikaya. The Vinaya Pitaka has over 225 rules of conduct for the Buddhist monks and nuns, each which ha a story to explain. The Abhidharma Pitaka has seven separate works, which include detailed classifications of the psychological phenomena, metaphysical analysis, and a thesaurus of technical vocabulary. Hinduism also has many texts but the most important of all is the Vedas. The oldest is the Rig-Veda, which was developed in an ancient form of the Sanskrit language in northeast India. It consists of 1028 hymns to many gods. Two other Vedas were added to the Rig-Veda, the Yajur-Veda which is a book for sacrifice, and the Sama-Veda which I the hymnal. A fourth book added around 900 BC, which is a collection of magic spells, is called the Atharva-Veda. The Brahmans, long Sanskrit texts, were also composed around this time and the Upanishads were composed around 600 BC. These Vedas and writings are considered revealed canon or shruti, meaning, what has been heard from the gods, and no syllable is allowed to be changed though most Hindus are unaware of the contents of these writings. Most know of the Smriti, or what is remembered. Tillotson 3 Hinduism is defined by what the people do instead of what they think. Few beliefs are shared by all Hindus, but some are reverence for Brahmans and cows, abstention from meat, especially beef, and marriage within the caste in the hope of producing male heirs. Some others are that most Hindus chant the gayatri hymn to the sun at dawn. Most Hindus worship Shiva, Vishnu or the goddess, Devi as well as hundreds of smaller deities depending on the village one lives in or even a particular family. The Buddhists worship the Buddha and follow the four noble truths. These are (1) Life is suffering; meaning that human

Tuesday, March 10, 2020

Free Essays on Personalities At The Workplace

I manage a collision/mechanic repair center for my father. After many years of trial and hardship I am proud to say we operate a very positive productive business. It was not easy to get to this point. Honestly what really helped us get to this successful point was learning my employee’s individual personality and needs, as well as finding my own. So this paper is a perfect opportunity to explain my situation. I will start by describing each employee. In our mechanic shop we employee two older men. The first man has been employed with us for just a little over ten years. He is not the better of the two mechanics. He is a little slower getting jobs done, Some of the jobs take a second time around to get them right. However h e is without a doubt the most dedicated employee we have. He comes in early and will work as late as needed. He will do whatever is asked of him. He is genuinely a very kind hearted man. Our other mechanic, how has been employed with us for almost 25 years is a perfectionist. He is fast and makes very little mistakes. He, on the other hand works from eight to five everyday, nothing more. They have a pretty good working relationship despite their different personalities. After all they have worked together for years. We have four employees working in the body shop. The first employee is our painter. He has been employed with is for eight years. He is well known in our community for his excellent painting skills. He loves to talk, joke and is very outgoing. He makes our working environment very positive and fun. The second employee is my uncle who is our body man. He very rarely talks and sticks to himself most of the time. He does only what is expected of him. He is very good at his job. The third employee is our other body man who is a longtime family friend. He works extra hard and will work on anything that is put in front of him. He is basically very easy going and easy to get along with. The third employee ... Free Essays on Personalities At The Workplace Free Essays on Personalities At The Workplace I manage a collision/mechanic repair center for my father. After many years of trial and hardship I am proud to say we operate a very positive productive business. It was not easy to get to this point. Honestly what really helped us get to this successful point was learning my employee’s individual personality and needs, as well as finding my own. So this paper is a perfect opportunity to explain my situation. I will start by describing each employee. In our mechanic shop we employee two older men. The first man has been employed with us for just a little over ten years. He is not the better of the two mechanics. He is a little slower getting jobs done, Some of the jobs take a second time around to get them right. However h e is without a doubt the most dedicated employee we have. He comes in early and will work as late as needed. He will do whatever is asked of him. He is genuinely a very kind hearted man. Our other mechanic, how has been employed with us for almost 25 years is a perfectionist. He is fast and makes very little mistakes. He, on the other hand works from eight to five everyday, nothing more. They have a pretty good working relationship despite their different personalities. After all they have worked together for years. We have four employees working in the body shop. The first employee is our painter. He has been employed with is for eight years. He is well known in our community for his excellent painting skills. He loves to talk, joke and is very outgoing. He makes our working environment very positive and fun. The second employee is my uncle who is our body man. He very rarely talks and sticks to himself most of the time. He does only what is expected of him. He is very good at his job. The third employee is our other body man who is a longtime family friend. He works extra hard and will work on anything that is put in front of him. He is basically very easy going and easy to get along with. The third employee ... Free Essays on Personalities At The Workplace I manage a collision/mechanic repair center for my father. After many years of trial and hardship I am proud to say we operate a very positive productive business. It was not easy to get to this point. Honestly what really helped us get to this successful point was learning my employee’s individual personality and needs, as well as finding my own. So this paper is a perfect opportunity to explain my situation. I will start by describing each employee. In our mechanic shop we employee two older men. The first man has been employed with us for just a little over ten years. He is not the better of the two mechanics. He is a little slower getting jobs done, Some of the jobs take a second time around to get them right. However h e is without a doubt the most dedicated employee we have. He comes in early and will work as late as needed. He will do whatever is asked of him. He is genuinely a very kind hearted man. Our other mechanic, how has been employed with us for almost 25 years is a perfectionist. He is fast and makes very little mistakes. He, on the other hand works from eight to five everyday, nothing more. They have a pretty good working relationship despite their different personalities. After all they have worked together for years. We have four employees working in the body shop. The first employee is our painter. He has been employed with is for eight years. He is well known in our community for his excellent painting skills. He loves to talk, joke and is very outgoing. He makes our working environment very positive and fun. The second employee is my uncle who is our body man. He very rarely talks and sticks to himself most of the time. He does only what is expected of him. He is very good at his job. The third employee is our other body man who is a longtime family friend. He works extra hard and will work on anything that is put in front of him. He is basically very easy going and easy to get along with. The third employee ...

Saturday, February 22, 2020

Organisational Performance and Leadership Essay

Organisational Performance and Leadership - Essay Example Meanwhile a number of theories have been developed to improve the performance of organisations. This project discusses one such theory which has been framed by Hillgren and Morse. This report will also aim at shedding light on other areas of high performing organisations in order to justify their excellence and stupendous success as compared to their peers. This comparison is deemed necessary in realisation of the fact that the current business scenario is extremely demanding and organisations have to be immensely efficient in order to sustain the high levels of competition. In order to support the fundamental premise of this research, attempts will be made to identify and evaluate the basic elements of high performance organisations. Furthermore, the HPO SCORESâ„ ¢ model will also be comprehensively analysed. This assignment identifies four criteria that have been presented by Hillgren and Morse to improve the performance of the organisation. It aims to produce and identify certain common quality characteristics that are considered to be part of â€Å"high performance organisations† (IIBF, 2010, p.2). Instead of designing methods that will facilitate the organisations to achieve greater heights, this article aims to recognise if today’s ‘high performing organisations’ have certain characteristics in common. It also compares an organisation’s performance against these criteria. According to the definition generated through the research conducted by Carew et al. (n.d.), â€Å"high performing organisations are enterprises that over time continue to produce outstanding results with the highest level of human satisfaction and commitment to success† (Blanchard, 2009, p.9). From this definition it is pretty much comprehensible that these organisations ar e far more well-coordinated in comparison to their peers in terms of human resource management (HRM) and its allied functions. It has been observed that high performing organisations (HPOs)