Lifestyles -- Compare And Cntrast Essays - Lifestyle, Personal Life

Lifestyles -- Compare And Cntrast Outline Thesis Statement: There is always a tendency to compare our person lifestyle to that of many years ago. Introduction: Education ? In past, students face less pressure from teachers and parents. ? Today, students are much pressurized to perform I) Community Living in village ? In past, community living in village was more attractive and successful and standard of living was low. ? Today, people are suspicious of their neighbors and it is common to see closed doors in most high-rise flats. II) Advance Technology ? In past, there were no computers. ? Today, we have laptops or notebooks; we can carry it everywhere III) Telecommunications ? In past, we have to travel a lot from one place to another to convey a simple message ? Today, world is very small we can make calls wherever we like. Conclusion: Thus, lifestyle and society of today and that in the past have their own positive and negative issues. There is always a tendency to compare our person lifestyle to that of many years ago. To a certain extent, things were much better in earlier times. Firstly, in the aspect of education, students faced less pressure from teachers and parents. Expectations of these people were often realistic and achievable and this helped to be relaxed and cool as individuals. Today, students are much pressurized to perform well in school to meet to the expectations of their teacher and parents. This is reflected by the numerous tuition sessions and additional lessons they have to attend the more often than not, the academic aspect overrides the importance of social and emotional development. Secondly, community living in village was more attractive and successful in the past; people were drawn together naturally despite their religion or race. They were spontaneous in helping one another. Today, people are suspicious of their neighbors and it is common to see closed doors in most high-rise flats. There is no communications among neighbors in some cases. Thirdly, the purchasing power of a consumer is higher. In the past, standard of living was very low, where as, consumer goods were cheap. Today, a consumer needs to possess more money to purchase basic necessities of life. Of course, the present time has its appeal too. Firstly, with the impressive advance in technology, our life is made more comfortable. The computer system enables one to edit a complete work repeatedly and serves various functions as well. Information can be saved in files and easily retrieved if desired. Even the computers of today are more portable and compact in their designs. A laptop or notebook can be carried around easily. Secondly, the telecommunications services are so advanced that there is greater accessibility to make international calls whenever we like. There is no need to travel overseas to make personal visits when important messages need to be conveyed. Another important positive trail of today's society is the improvement in public transport. With the invention of MRT's, road reduction, noise and air pollution are reduced. With the present increasing focus on environment issues, this is an essential step taken by us. Thus, the lifestyle and society of today and that in the past have their own positive and negative issues. It is important for one to remain objective to see and appreciate the strengths of both times.

Jawaharlal Nehru Essays

Jawaharlal Nehru Essays Jawaharlal Nehru Essay Jawaharlal Nehru Essay Introduction- Jawaharlal Nehru was born on the 14th of November in 1889 in Allahabad, in the time when British were conquering India. He always had a rose in his pocket to show that kids were/are like buds/flowering plants in the garden. He was very fond of children, so in India they celebrate his birthday, as childrens day. He was one of the freedom fighters of India. That shows that he is a very close friend of Mohamdas Karamchand Gandhi. He also like the bird white-dove which he thought represented peace. He was also an exceptional child and was greatly loves by everyone in India even as a kid. His father was an eminent lawyer- Motilal Nehru, and his mom was Swaroop-rani. He was not sent to school in his childhood (got education from home), but later, He went to Cambridge in England, for higher studies. He returned to India in 1912, and then he became a lawyer. He was doing his practice in Allahabad High Court. Then he quit his practice and joined the freedom movement. This is where he met Mahatma Gandhi, and got closer to him. During the fight for freedom, he was sent to jail by the British people a lot of times. India got freedom in 1947 and Jawaharlal Nehru was the first prime-minister. He was also one of the most successful prime-ministers of India. He did a lot of good things to India like- he started the industrialization, he also developed irrigation in India. He made India get better, by leaps and bounds during his presidency. He has also written a lot of books. He worked severely hard for serving his country. He was a great lover of nature and beauty. Since he loved children, all the kids called him Chacha- which means uncle. He died on 27th of May in 1964. Collage Pictures- 1. Mahatma Gandhi and Jawaharlal Nehru I chose this picture to show how Nehru was close Mahtma Gandhi. They did many things together, to get freedom for India from the British. Jawaharlal Nehru found something special in Gandhi that any other political leader had. Even his father, did not have such political skills. Even Nehru’s father, Motilal Nehru liked Mahtma Gandhi; he found inner confidence in him, which none of the political leaders had, that time. 2. Jawaharlal Nehru with Rose on his clothes I chose this picture to show how kind and caring person he was. As I stated in the beginning, he was very fond of children, and he thought that children were like buds in the garden. To represent this thought of his, he thought of the rose as kids/children and he wore it on this clothes. 3. Jawaharlal Nehru’s 1 rupee coin and stamp The coin and the stamp, both were released in the same day which he became the president. This was released to show all the great things he did. The coin and the stamp represent him. 4. A portrait that represents Jawaharlal Nehru I chose this picture because it shows how much he liked peace and white dove. In this portrait, he has white doves circling him, which shows that he liked peace, and he prefers being surrounded in peace rather than a wild/violent atmosphere. He has a India flag on his shoulder, and his clothes has INDIA on it, this shows how much he loves the country. The person who painted this, painted a moon behind his head to show, that he did a lot of bright things to the country. 5. In this picture, he is with the Indian flag. The Indian flag represents- RED- courage WHITE- peace and honesty GREEN- hope, joy and love This shows that he has all of this in him. That is why I chose this portrait Jawaharlal Nehru with the flag of India.

Business Law Essay Example | Topics and Well Written Essays - 3250 words - 2

Business Law - Essay Example This paper shall consider different authorities on the subject matter in order to arrive at a scholarly appraisal of the subject matter. According to section 181 of the Corporations Act, â€Å"a director or other officer of a corporation must exercise their power and discharge their duties in good faith in the best interest of the corporation and for a proper use†. Violations of this provision make a director civilly and criminally liable. For directors who act dishonestly and recklessly, criminal liability may be forthcoming (Organisation for Economic Co-operation and Development, 1997). The directors’ duty is to avoid conflicts of duty and interest and therefore, he must not allow conflicts of interest to compromise his position in the company. Sections 191-195 of the Corporations Act set forth obligations for directors to not allow conflicts of interest to arise from his actions. Based on these provisions, directors are therefore called on to notify the board of directors when there are instances of personal interest which have a bearing on the company activities and affairs (Panoramic Resources, 200 8). Section 195 of the Corporations Law specifies that a director of a public company cannot be present during a voting or board meeting where the members are deliberating an issue where he is an essential person of interest. He may however be present if the other directors pass a resolution allowing him to be present and to vote; and if the ASIC orders a specific order on the issue (Corporations Law, 2001). The responsibilities in the section cover board meetings, and meetings of committees of the board. This is to be applied even if the committee would not have any bearing on the affairs of the company. Committees under advisory capacities are therefore part of the prohibition (Tomasic, et.al., 2002). In evaluating the terms under which

The Plight of Workers Assignment Example | Topics and Well Written Essays - 1000 words

The Plight of Workers - Assignment Example In the early years of twentieth century there was a massive inflow of immigrants in the United States of America. The poor immigrants were beckoned into America by the alleged abundant opportunities. Upon arrival they provided a reservoir of cheap labor to factories and other businesses. The dilapidated tenements were the abode of choice for many of them. The houses had no clean water or sewerage system. Life in these slums was unbearable.1 Chicago was strategically located with a cattle rearing hinterland. This gave rise to a mammoth meat packing sector which needed thousand of unskilled labor. It was a city of contrast with magnificent buildings owned by the factory owners and the slums housing the laborers. The working condition was akin to slavery and the meat packing process was unhealthy. Apart from the misery in the meat packing factories, the filth and toxics from the factories found their way into the local rivers. The entire macabre situation is captured through the life of an immigrant Lithuanian family. It narrates their struggles to adapt to a new life and a series of misfortune that befalls them in the process. Upon arrival the future looks bright with prospects of getting jobs in the slaughter house.2 The cheer magnitude of the deplorable conditions is not only evidenced by the dilapidated buildings housing the workers but the land upon which the houses are built. It is a waste land reclaimed by filling soil mining pits with garbage resulting to a perpetual stench. Jurgis however, views the idea as a brilliant innovation. This notion depicts a common believe of many immigrants who were buoyed by idea of being in the land of opportunities. Jurgis can not understand the negative altitude of his fellow workers in the slaughter house. But slowly he encounters episodes in his work place and outside which makes him realize all is not well. He realizes pregnant cows are slaughtered for meat against the law and Antana’s dubious job offer. Perhaps the single event that eventually leads to the break up of Jurgis’ family is the attempt to purchase a house. Apart from the difficulties in raising the required amount they discover the contract is fraudulent. The house is worth much less than indicated and there are hidden interest charges. The subsequent financial burden ignites a series of events that eventually shatters the family’s American dream that lured them into America in the first place. All members of the family including children are sent to work in order to keep the family financially afloat. Considering the financial burden the family is facing Ona is silent of her rape ordeal by her boss. Once Jurgis learns of the ordeal he fights Ona’s boss and he is subsequently jailed for thirty days. With the exit of Jurgis the main contributor to their house project, they are evicted. The family suffers anguish and frustration which results to the death of several of the family members. Dejected, Jurgis bec omes a drifter hopping from place to place is search of solace and work. Eventually he returns back to Chicago and embarks on criminal activities. The changed Jurgis intends to hit back to the society against which he is aggrieved. He engages in activities ranging from mugging to rigging of the election. However he fails to improve his fortune through this path until he accidentally stumbles upon a Socialist Party

Politics Through Chinese History Essay Example | Topics and Well Written Essays - 1250 words

Politics Through Chinese History - Essay Example The basis of Chinese society was the family. A Chinese family consisted of grandparents, parents, children, grandchildren, daughters-in-law, and servants. Family ties were very close. Every member of the family was duty-bound to safeguard the family honor and prestige. If a son did something wrong, he and the family will lose face, that is, disgraced. The parents were the absolute masters in the family. They arranged the marriage of the children and decided what professions they would take. Disobedience to parents was regarded as a serious sin. If the father died, the oldest son took his place. A family with many children was believed to be blessed by the gods. Women had few rights. Their place was at home. Their duties were to serve the men, to take care of the children and to attend to household work. They also worked in the fields like male laborers. The economic life in Old China centered on agriculture. About 80% of the Chinese people were peasants who lived in villages and toiled daily in their small farms. Those without farms were engaged in various industries such as bakery, carpentry, brickmaking, weaving, and retail merchandising. (Grousset, p. 99) Guilds existed in China long before they were established in Medieval Europe. A guild was an association of men engaged in an occupation. Hence, there were merchant’s guilds, baker’s guilds, musicians’ guilds, and carpenters’ guilds. The guilds fixed the prices of goods, determined wages, and working conditions, and looked after the welfare of the members. In matters of religion, the Chinese were very practical. They were deeply concerned about the gods, religious dogmas, and the future life. Heaven to them was abstract thing. They simply worshipped their ancestors and gods and paid homage to heaven and earth, mountains in other objects of nature. They were free from religious bigotry. They were free from being Confucians, Taoists and Buddhists at the same time. (Labourette, p. 56) Political life in Old China was regulated by Confucian precepts. At the head of the empire was the Emperor, who was regarded as the "Son of the Heaven." He ruled by the "mandate of heaven", that is, by permission of the gods. If he became corrupt, he immediately lost the mandate of heaven, and the people can overthrow him by revolution and place another ruler on the throne. (Labourette, p. 54) Below the emperor was a bureaucracy consisting of ministers, viceroys and governor

Uk housing market

Uk housing market 1.INTRODUCTION 1.1Introduction 1.2A brief history of the UK housing market 1.3Aims The aim of this research project is to compare and evaluate the variables that affected the FTBs accessibility to the housing market over the last 40 years. 1.4Objectives The first objective is to establish the factors that have affected the rise in house prices other the last 40 years. The second objective is to review and evaluate how the property market has changed over the last 40 years with respect to affordable housing, and what impact this has had on FTB statistics. The third objective is to review and analyse the change in Private Lender schemes over the last 40 years, and the affect this has had on FTB statistics. The fourth objective is to review the relationship between variables such as life expectancy, retirement age, size of families, wages etc and their overall effect on FTBs accessibility to the housing market. The fifth objective is to conduct questionnaire surveys using a sample of FTBs to establish the publics perspective on affordable housing. The sixth objective is to conduct questionnaire surveys using a sample of FTBs to establish the most common method used. 1.5Definitions 1.6 First time buyer: Is a phrase commonly used to identify someone who would be buying a house for the first time. Average house price: The average price that a house would sell if placed on the market, this price would fall between the bottom 50per cent of house prices and the top 50per cent. Average household income: The combined average gross household income, from sources such as wages, salaries and various sources of investments. Key worker: A public sector worker, linked to professions such as, NHS staff, police officers, teachers, social workers, fire fighters, local authority planners and prison officers. House Price to income ratio: The ratio of median house prices to median incomes. 1.5 Abbreviations FTB: First time buyer HPIR: House price to income ratio CIS: Cash Incentive Scheme RTA: Right to Acquire RTB: Right to Buy 2.LITERATURE REVIEW In order to compare and evaluate the variables that affected the FTBs accessibility to the housing market over the last 40 years, it is necessary to review existing published work. Due to a lot of the published works, which were gained from the library not being up to date, the literature review is mainly based on reports and articles which were gained from online sources. In order for the information that is gathered to be analysed in the most effective manner it will be divided into the various sections: Factors that have affected the rise in house prices other the last 40 years. Changes in the property market over the last 40 years with respect to affordable housing. Changes in the private lender schemes over the last 40 years. Variables affecting FTBs accessibility to the housing market. In the late 1980s and early 1990s the British housing market experienced unprecedented changes and raised heightened concerns over the affordability of many to gain access to the property market, due largely to rising house price to income ratios, which has been labelled as a ‘crisis of affordability in housing provision (Maclennan, Williams, 1990, p. 8). It is only rather recently that ‘affordability has become a common term in housing policy in Britain (Whitehead, 1991),and for this reason the meaning of ‘affordability has caused much confusion, and since the Government has given no specific definition for the term, the following definition has been sourced ‘Affordability is concerned with securing some given standard of housing (or different standards) at a price or rent which does not impose, in the eyes of some third party (usually government) an unreasonable burden on household incomes. (Maclennan, Williams, 1990, p. 9) 2.1 Factors that have affected the rise in house prices other the last 40 years. It has become apparent in recent years that the rise in house prices has become a major issue within the UK, which has resulted in First Time Buyers (FTB) finding it difficult to gain access to the property ladder. The problem faced by rising house prices has been imminent for a long time, but up until the last decade this problem was mainly confined to London, the South East and a few regional hot spots (Department for Communities and Local Government [DCLG], 2006, page 6). But by looking at more recent figures it has become apparent that high house prices have become a more wide spread problem, with particular emphasis on rural districts, and smaller settlements (DCLG, 2006, page 6). Though there has already been a vast amount of research and study on the subject of affordable housing within the UK, namely the Barker review (2003), whose principal reasoning behind the problem was largely focused on a poor planning system and constraints on housing supply. Little information was sourced on the drivers and factors which play a major role in determining UK house prices, which will be the principle aim of this section of the literature review. By analysing literature and data collected from published works this section of the literature review will examine the various factors that have played a contributing role in the rise in house prices within the UK. These include: Interest rates Supply and demand Rise in population and increasing number of households Income Buy to let market Unemployment Confidence 2.1.1 Interest Rates Many scholars believe that there is a direct link between house prices and interest rates; however the focus of this report aims to suggest, that in fact it is the affordability of housing and public confidence which is instead affected by alterations in interest rates, which in turn leads to changes in house prices. For example, a rise in interest rates would lead to increased monthly repayments on mortgages, as mortgage repayments rise, the prospects of buying a house becomes less attractive, thus leading to a decline in demand for houses and fall in house prices. On the other hand when interest rates are lowered, this would lead to a fall in mortgage repayments, public confidence and demand is likely to rise at this point leading to a rise in house prices. If interest rates were to continue fall in this manner so would house prices, until the housing market reaches a state of oversupply. McQuinn and ORiley (2006) suggest that lower interest rates mean that mortgage repayments are lower and hence the house purchaser can potentially borrow more. This would also lead to an outward shift in the demand curve with prices increasing. ‘The fall in UK interest rates (and unemployment) over time has had two linked effects. It has brought the cost of borrowing down sharply, leaving lenders (and borrowers in terms of pressuring for) with the dilemma as to whether to increase the multipliers applied (i.e. up from three times loan to income ratio- LTI) which in turn has increased demand and through that house prices (Forest, Lee, 2007, p. 168). 2.1.2 Supply and demand Supply and demand is defined as, ‘the quantity of goods available for sale at a given price, and the level of consumer need for those goods. The balance of supply and demand fluctuates as external economic factors (such as the cost of materials and the level of competition in the marketplace) influence the level of demand from consumers and the desire and ability of producers to supply the goods (BNET, 2010) Kate Barker, a member of the Bank of England monetary policy committee, was commissioned by the Treasury to examine housing supply (Guardian, 2008) and establish why house prices in the UK are rising so fast. Within the report she established that the main reason was due to the supply of housing not keeping up with demand, which she put down to the increased growth in population (Barker, 2004). In an article for the Mirror Martin Ellis, housing economist at Halifax puts it best by saying â€Å"unless we can get the supply and demand in balance then that is going to lead to more upwards pressure on that ratio of prices to earnings.† (House prices ‘have quadrupled, 2010) Data collected from the ODPM revealed that housing supply in the UK is currently growing at 150,000 new homes each year, in comparison to the 190,000 new households each year. This shortfall of 40,000 new homes which would be needed, in order for supply to meet demand, could be a significant factor in the currently rising house prices (Office of National Statistics, 2008). In speaking to the Estates Gazette (EG) Yvette Cooper, the former housing and planning minister, revealed that in order to keep up with demand 200,000 new homes would need to be built each year (EGI, 2005), with 3 million new homes built by 2020. However with the credit crunch having just hit and the uncertain state the economy is in, it is looking less and less likely that the Government will be able to meet these targets. 2.1.3.Rise in population and increasing number of households As previously mentioned supply and demand of houses has a direct effect on house prices; the aim of this section of the report is to establish how changes in the population can in turn have an effect on supply and demand of houses. It is a well known fact the UKs population is gradually growing; there have been various contributing factors to this, but the main reason is longer life expectancy. The average life expectancy of a male in the UK has risen from 67.1 in 1970 to 77.53 in 2008, and females life expectancy has risen from 74.7 in 1970 to 81.74 in 2008 (Office of National Statistics, 2008). The rise in household numbers isnt solely the result of the rise in life expectancy, theres also a variety of different demographic factors which have contributed. These include: 2.1.3.1. Divorce rates. According to the Office for National Statistics, in 2008, the divorce rate in the UK stood at 11.2 divorcing people per 1000 married; this is in comparison to 6.1 in 1971, which is a 46 per cent increase. With the amount of couples getting divorced increasing, so too will the number of households, pushing demand up (Office of National statistics, 2008). 2.1.3.2. Decline in number of marriages. The increase in the number of households in the UK can also be largely explained by an increase in the mean age that couples are getting married. According to the Office for National Statistics the mean marriage age in the UK has increased from 27.1 in 1970 to 35.6 in 2003 (Office of National Statistics, 2006). With the general public opting to marry at a later stage in their life the number of households is likely to increase; as explained before an increase in the number of households is likely to lead to increase in demand for houses, which will in turn lead to a rise in house prices. 2.1.3.3. Major influx of immigrants. Migration is an important factor in the changes in the UKs population over the last 40 years, when inward migration is greater than outward migration; the population would rise at a higher rate. According to the Office of National Statistics 518,000 people immigrated to the UK in 2009, whereas 370,000 emigrated, giving a net migration figure of 148,000 (Office of National Statistics, 2009). 2.1.4 Income According to McQuinn and OReilly (2006), rising income will mean that borrowers can borrow more on the basis of higher income and hence bid a higher price for a property, thus the demand curve for housing will shift outwards with prices increasing. It is also suggested that higher household incomes will result in households having more disposable income, which in turn will lead to increase in normal and luxury goods, since it is assumed that housing is a normal/luxury good, it can also be assumed that demand for housing will increase, and so too will house prices. Keynes best describes this theory as â€Å"The fundamental psychological law, upon which we are entitled to depend with great confidence both a priori and from our knowledge of human nature and from the detailed facts of experience, is that men are disposed, as a rule and on the average, to increase their consumption, as their income increases, but not by as much as the increases in their income (The General Theory, 1936, p.96) In their book ‘Booms and Busts in the UK Housing Market Muellbauer and Murphy suggest that income growth alongside predicted income growth can lead to an increase in public confidence to spend disposable income; this increase in public confidence, respectively lead to a rise in house prices, through demand rising. There has been a marked increase in the number of women in paid employment in the past 60 years (Hogarth et al., 2001) there are a variety of different reasons for this, but one of the most significant would be the introduction of the Equal pay Act 1970. With many households now having two incomes they can arrange for a joint mortgage, which in effect means they can bid up house prices. 2.1.5.Buy to let market Buy-to-let (BTL) mortgages are where an investor purchases a property for purpose of renting it out; the investor rents the property out to tenants with the intention of using the money from the rent to pay off his mortgage, with a possible excess which would be kept by the landlord. The landlord would also be looking to make a capital gain on the property over its life time making it a very good investment. Since July 1996 when the Association of Residential Letting Agents (ARLA) launched BTL loans, there has been an explosion of investors entering the market hoping to get both income and capital gains from their investment. According to Paragon Mortgages, BTL now accounts for around 14% of the mortgage market (Stepek, 2007, para. 4) According to the Council of Mortgage Lenders (CML) buy-to-let mortgages outstanding continue to rise, in 2008 there were 1,103,000 BTL mortgages in the UK worth  £132.5 billion, which is a rise of 19% by volume and 25% by value from a year ago previous (CML, 2008). This surge in investors entering the BTL market has been in part due to the soaring house prices of the late 90s, but also largely due to relaxation in the lending criteria , the CML have revealed that in 2008 on average, lenders would offer a maximum loan of 83% on the value of the property (CML, 2008). However with more and more investors looking to make an easy buck, upward pressure is being put on demand, resulting in house prices to rise. To add to this, investors have predominantly been buying up smaller homes, consequently making it harder for FTBs to even get small premises. 2.1.6 Unemployment With unemployment at its lowest since the 1970s (http://www.number10.gov.uk/Page15026), there is more people with the potential to gain a mortgage and enter the housing market, this upward pressure on demand is turn going push house prices up. Armstrong and Taylor suggest that, low unemployment leads to higher wages, which in turn lead to an increase in demand for housing and hence higher house prices (Armstrong, Taylor, 2000, p. 208) 2.1.7 Confidence ‘In analysing the ingredients that have contributed towards the recent strong growth in house prices analysts have consistently made reference to the strength of consumer confidence. The implication is that consumer confidence positively impacts upon house price growth. (Report on confidence) Garratt goes on to say ‘While consumer confidence is not a significant factor in driving household consumption, it does have a role to play in influencing the willingness of households to undertake secured borrowing. (report on confidence, look in my docs for file) ‘Speculative demand for housing draws new buyers into the housing market on the expectation of future price increases and associated capital gains. The extra level of demand funded mainly through mortgage finance adds to the existing level of mortgage debt but the speculative demand creates a ratchet effect whereby expectations of higher prices leads to an increase in demand which sends actual house price higher ‘ (Riley, 2005, p. 73) Due to the extreme rise in house prices of the mid 90s, public confidence in the housing market grew (further explained in chapter?), which led to a rush in people purchasing property with the expectation of trying to get a piece of the action, which has caused greater demand for houses, pushing prices up. 2.2 Changes in the property market over the last 40 years with respect to affordable housing. In order to establish how the changes in the property market over the last 40 years, with respect to affordable housing has affected FTB statistics, it is first important to discuss the development of affordable housing within the UK. This will enable FTB statistics to be compared to a time-line of these developments, giving an impression of their effectiveness. 2.2.1 Right to Buy In past history a lot homes in the UK would have been council owned, but since the 1980s the proportion of council owned homes has diminished instead favouring towards providing support to various other forms of social housing. In 1980, under power of Margaret Thatcher the 1980 Housing Act introduced the Right to Buy scheme (RTB), which offered council tenants (of three years tenancy) the right to buy their council house, with discounts up to 50per cent, which in 1986 went up to 70per cent for flats (Power, 1993, p. 217). The RTB scheme has faced lots of criticism since its introduction, said to favour the more affluent home owners rather than the poorer more in need (King, 2006, p. 68). However if we were to look at the policy and whether it met its initial aims, the RTB could be viewed as having been very successful; over the past 25 years the RTB scheme has helped broaden owner occupation, particular to the working-class and helped break up municipal housing (King, 2006, p. 68). However it has also been argued that the RTB scheme has lead to a shortage of social housing available, largely due to Government edicts which have prevented councils from spending the proceeds of sales of social housing on new housing (Hallett, 1993, p.230). Accompanied by an increase in demand for affordable housing, this could be a major contributing factor in rise of house prices. 2.2.2 HomeBuy Schemes 2.3 Changes in the private lender schemes over the last 40 years. This section of the literature review aims to look at how, changes in credit available to consumers in the UK has played a role in the increase in house prices over the last 40 years. Aoki, Proudman and Vlieghe (2002, p.10) suggest that credit frictions may be important in understanding the relationship between interest rates, house prices, housing investment and consumption and found that significant effects of households access to credit on consumption and on housing investment in UK aggregate and regional data. Over the last 40 years credit constraint has seen some significant changes, with access to credit more easily available to consumers. This can be largely explained by the removal of exchange controls in 1979 and bank lending in 1980, it can be further explained by the Building Societies Act 1986, which lifted the restrictions on how building societies operate, which gave them the same status as banks (Aoki, Proudman and Vlieghe, 2002, p. 14). Other significant changes in the last 40 years include the inclusion of non-bank entrants such as department stores, retailers and insurance companies in offering credit through services such as credit cards, unsecu red loans and mortgage products. Furthermore an increase in internet banking in the 1990s and better credit scoring methods also contributed to better credit conditions (Muelbauer, 2005, p.5). In the 1970s and early 1980s building societies collectively agreed the mortgage and deposit rates they offered (Aoki, Proudman and Vlieghe, 2002, p.14), but due to relaxation in lending criteria and increase in competition between the lenders, the setting of interest rates have been a far more competitive, which has led to lower interest rates for consumers. Interest rates can have a direct effect on the supply of mortgage loans, which in turn will affect house prices. According to the financial money group moneyfacts.co.uk, there are currently 2,003 different mortgages available on the market (Burridge, 2010, p.1), the result of this increase in competition, is the reduction of the cost of borrowing , which in turn will encourage more people to take out a mortgage. This increase in demand, as explained before will have an adverse effect on house prices. 2.4 Variables affecting FTBs accessibility to the housing market. This section of the literature review aims to establish the various variables that have affected FTBs accessibility to the housing market; this will be done through the analysis of various scholars opinions on the subject matter. It has become apparent in recent years that the rise in house prices in comparison to incomes has become a major issue within the UK, which has resulted in FTBs finding it difficult to gain access to the property ladder. As a result of incomes not rising at the same rapidity as house price inflation, the principle problem for FTBs is affordability; in the last 20 years the average price a FTB is expected to pay has increased by 294 per cent, â€Å"with the average UK property now costing five times the average earnings of a full-time male employee† (Chesworth, 2004, p. 2). To help emphasis the problem that FTBs face this dissertation will examine the rise in house prices in comparison to income since 1970; in a study by Alliance Trust Research Centre they compared the problem facing FTBs with that of their parents when they tried to buy their first property (Alliance Trust, 2006). According to the study house prices have risen from 2.5 times the average income in 1970 to 3.9 times the average income in 2005, equating to a 60 per cent increase in house price to income ratio (Alliance Trust, 2006). The average household income is  £38,302, and the house price index report shows that the average house price in the UK is  £197,000, meaning the house price to income ratio is about 5.1. These historically high figures mean that young FTBs are finding it increasingly difficult to gain access into the property market and can often lead to FTBs having to take on risky mortgages, for example interest only schemes. This can result in high household debt, which currently stands at 150 per cent of household income (Ratio of House Prices to Income, 2008). Though more recent data collected in November 2008, from the price index published by Nationwide Building Society has revealed that house prices are currently on a downward descent, FTBs are still finding it difficult to purchase their first home (CML, 2008). Though FTBs ‘loan-to-value ratios have been going down, with the average FTB taking a loan out on 84per cent of the value of the property in comparison to 90per cent in 2007 (CML, 2008). This is merely the result of lenders lowering the amount that they will lend; in previous housing climates borrowers were able to take out 100per cent mortgages, but with the downturn in the market, lenders are requiring a substantially larger deposit. This subsequently has meant that FTBs are now faced with the prospect of having to find a larger deposit; the research revealed that the average FTB deposit rose from  £15,000 in 2007 to  £19,000 in 2008 (CML, 2008). Talk about a lot of FTBs in the past would have got the money for the first house from inheritance, from parents and grand parentsbut due to longer life expectancy this isnt always available. As discussed in chapter? Late marriage can not only have an effect on housing demand, but can also play a part in FTBs accessibility to the housing market. With a lot of people opting to buy their first house once they are married With the mean average age that people are getting married in the UK rising from 27.1 in 1970 to 35.6 in 2003, As already discussed in chapter? The buy to let market has led to a massive in surge of investors buying up houses, it is typical that these investors will be buying up smaller typical FTB houses, with demand for these houses going up so will price, making it harder for FTBs to gain access to the market. More luxury goods available people spending their money on other things Sudden drop in house prices has led to parents being less likely or able to assist their kids in purchasing their first property due to their investments (house) taking a massive drop. Jobs less stable in the past people had jobs for life Contract employment; less people on full time 3.METHODOLOGY 3.1 Research Strategy The aim of this research project is to compare and evaluate the variables that have affected the FTBs accessibility to the housing market over the last 40 years. In order to come to the best conclusion to this, it is essential to gather data. This chapter aims to provide a description of how this data will be gathered, and the particular research methods that will be implemented. The data collected can be split into Primary and Secondary data. ‘Secondary data consists of information that already exists somewhere, having been collected for another purpose. Primary data consist of information collected for the specific purpose at hand. http://books.google.co.uk/books?id=6T2R0_ESU5ACpg=PA335dq=what+is+primary+datalr=cd=1#v=onepageq=what%20is%20primary%20dataf=false 3.1.1 Secondary Data Since the basis of this investigation, is to analyse house prices over the last 40 years and the effect this has had on FTBs accessibility to the housing market, secondary research will be very useful, mainly due to the extensive amount of information and data already available. The bulk of the secondary data collected has been sourced from journals, reports and websites of professional bodies. However, due to the fact that a lot of the information gathered has the potential to be bias, a variety of different sources will be used and then compared. The majority of the information gathered will be statistical data, which will include economical statistics, demographical statistics and housing market statistics; this will enable an analysis of the factors and variables that affect house prices and to spot any trends. Though a lot of these statistics were included in the literature review, the aim of the next chapter is to give a more specific investigation and data analysis. Secondary data includes: Academic Journals Internet Sites and Web pages Textbooks Newspaper Articles Other Academic Studies 3.1.2 Primary Data In order to gain the views and opinions of the housing market, questionnaires will be conducted using a sample group of home owners and non home owners. These questionnaires will be conducted using social networking sites, the advantages of using this method is, low cost of data collection and processing, ability to get a wider return rate from all over the country and the disadvantages to using this method is that it allows for errors to be made due to misunderstandings of the questions or lack of knowledge on the subject. So for this reason the questionnaires have been designed in the simplest manner. Another drawback to using questionnaires is that they may not provide an accurate view of the housing market, since only a relatively small sample group was used, it is possible that the information that is gathered may give a distorted view and conflict with the secondary data. Had there been more time it would have been beneficial to the investigation to carry out a questionnaire using a much larger sample group, giving a more accurate representation. To further the research even more it could have been very advantageous to have set up interviews with the governing bodies responsible for setting Government policy on housing and interest rates. Implementing these two methods along with the research already carried out would have allowed for opinions from both sides. 3.2 Literature Review With the aim of keeping the literature review as orderly and concise as possible, it was divided into four distinct sections, these sections are listed below. Factors that have affected the rise in house prices other the last 40 years. Changes in the property market over the last 40 years with respect to affordable housing. Changes in the private lender schemes over the last 40 years. Variables affecting FTBs accessibility to the housing market. The literature review provided an overview of the factors that have affected house prices over the last 40 years and variables affecting FTBs accessibility to the housing market. Though this research gave a good outline of the broader issues at hand, the literature review alone is insufficient in meeting the aims of the study, so for this reason it is paramount that further investigation is undertaken. 3.3 Timeline Carrying out the literature review bought forward the possibility of creating a timeline of changes in the housing market over the last 40 years. The basis of the timeline will be creation Government policy related to housing, as well as any significant changes in private lender schemes over the last 40 years. By analysing this timeline alongside statistics and data gathered from the secondary research, along with the responses from both questionnaires, direct correlations can be examined. 3.4 Questionnaire As already stated questionnaires will be sent out to two different sample groups, home owners who bought their first house over the last 40 years and non home owners. This will give a reflection on the UK publics perspective of the housing market. The structure of both questionnaires is shown below: 3.4.1 Questionnaire: Property owners Q1. GENDER Male: Female: Q2. MARITAL STATUS AT THE TIME OF BUYING YOUR FIRST PROPERTY Single: Married: Other Q3. AGE 18-30: 31-40: 41-50: 51-60: 60 and above: Q4. WHICH AREA OF THE COUNTRY DID YOU PURCHASE YOUR FIRST PROPERTY? North: North West: North East:

Capital Punishment :: essays research papers fc

Capital Punishment in America   Ã‚  Ã‚  Ã‚  Ã‚  What is capital punishment? The dictionary defines capital punishment as a noun that means putting a person to death. At the end of 2003 there were 3374 inmates at 37 state and federal prisons who were on death row. That number was an 188 decrease from the statistics in 2002. Forty-seven of theses inmates were female which was a thirty-eight increases from 1993.(Lacey, Bonner) Although the number of people on the death penalty decreased the number of females on death row increased. Of the 3374 prisoners on sentenced to the death penalty fifty-six percent were white, forty-two percent were black, and the remaining two percent were of other races.   Ã‚  Ã‚  Ã‚  Ã‚  Currently there are a total of nineteen states with the death penalty that do not allow the execution of juveniles. There are twelve states that to not allow the death penalty at all. Some of theses states included Alaska, Michigan, Vermont, and Maine. (Capital)   Ã‚  Ã‚  Ã‚  Ã‚  Some states have a minimum age requirement for capital punishment. There are fourteen states that sixteen is the minimum age. Mississippi and Arkansas are among theses states. Florida is one of the states where the age requirement is seventeen. Tennessee along with eighteen other states and two federal jurisdictions has the minimum age requirement of eighteen.   Ã‚  Ã‚  Ã‚  Ã‚  Tennessee is one of the states that allow the death penalty. Since 1976 there has only been one execution in Tennessee. However, prior to 1976 there were 335 executions. Currently of the 3374 people of death row 106 of them are in Tennessee with two of them being female. In Tennessee prisoners are given the option of serving life in prison without parole instead of the death penalty and execution.   Ã‚  Ã‚  Ã‚  Ã‚  There are various methods of execution here in the United State of America. A prisoner can be executed by lethal injection, electrocution, lethal gas, firing squad, and hanging. Of theses methods lethal injection is the most used, preferred, easiest way of execution. Hanging is rarely used. Prisoners in Tennessee are mostly executed by lethal injections, and executions. As of March 16, 2005, there had already been twelve prisoners executed in the United States. All of these prisoners were males and executed by lethal injection.   Ã‚  Ã‚  Ã‚  Ã‚  There are many people who are against capital punishment. People say that the death penalty is like trying to fix a sin with a sin. If a person kills someone and the states feels like in order to punish the person they should be executed and put to death.

Breakeven & Business

Certain elements of business show that to achieve high profitability a better and diverse product mix will result in more capacity utilization. Therefore capacity utilization has a direct relation to profitability and product mix. This is because if capacity is fully utilized will the profit be reaching to the maximum as fixed costs will remain the same.However if the profit is to be further increased it is necessary to enhance the capacity as a result more capacity would need to be used to first cover the fixed costs of the new capacity installed. Similarly in one machine, a number of products can be made; therefore not all products will be made to the fullest as one product or the other production will be scarified. What companies try to achieve is the right product mix so that optimal profitability is achieved and therefore make the business more versatile.Though it is the decision of the person in charge to decide either to fully utilize the capacity using the most profitable pro duct or make a number of products to focus on product diversity rather than on profitability. (Source: Reliance Industries Limited, High Density Polyethylene Pipes Beyond Water Supply)References 1. Ms Poorvi C. Desai – Polymers, Reliance Industries Limited, High Density Polyethylene Pipes Beyond Water Supply. Retrieved on October 5, 2008, from http://www. polymerupdate. com/poorvidesai/pdf/HDPE_Pipes. pdf

Biological Rhythms essays

Biological Rhythms essays All plants and animals have endogeous cycles that, in response to an outside rhythm (zeitgeber), will cue various actions. For example, bears know they must hibernate, poinsettias know they must flower and humans know they need sleep. In correspondence with a particular season, length of day, and light intensity respectively, these events will occur. In the example with the poinsettia, the vegetative/flower cycle is synchronized with a day length cycle that has longer hours of darkness, resulting in a chemical reaction that releases florigen and signals to the poinsettia to flower. Similarly, a chemical reaction takes place in humans with their sleep/wake cycle. This will be discussed in the essay along with disorders associated with this cycle. Humans possess many biological clocks. Depending on the cycle it could be an infradian (longer than a day), ultradian (shorter than a day), circadian (about a day), or circannual (about a year) rhythm. In the case of the humans internal sleep/wake cycle, its a circadian rhythm. The human sleep/wake cycle is a bit longer than 24 hours (closer to 25 hours), therefore it needs an entraining agent or zeitgeber. This is an external environmental rhythm which will keep it in sync with the 24 hour day. The most dominant cycle is the light/dark cycle. However, its necessary to transmit the external information to the internal cycle so that synchronization is achieved. As infants, our sleep/wake cycle was initially random compared to that of our parents or guardian. Eventually, over the course of 6 weeks, we began to adapt the circadian cycle and after approximately 4 months, we were entrained to the 24-hour cycle. This is due to the external cues of our parents/guardian. The human clock is found in the suprachiasmatic nucleus (SCN), which is a group of distinct cells in the hypothalamus, which is located in the brain. Light from the outsid ...

Synthesis of Divanillin Lab Report Essay Example

Synthesis of Divanillin Lab Report Essay Example Synthesis of Divanillin Lab Report Paper Synthesis of Divanillin Lab Report Paper The dimmer bond forms between two carbons that have each lost an electron and have one to share, The dimmer bond does not involve an oxygen, so this is called oxidative demarcation because two identical compounds are bonded at oxidized carbons. 2) Draw resonance structures for the phenotype anion: 3) Why does the dimmer bond form between the #5 Carbons? A. When the hydrogen peroxide reacts with the peroxides, 2 equivalents of a hydroxyl free radical are formed. Those free radicals take a hydrogen (including its electron) from the vanilla molecules, forming phenol free radicals. The cost stable location for the resonating electron on this free radical is on the number 5 carbon (Roth to the phenol). The resonating electrons on each vanilla free radical form a covalent bond, forming the dimmer. 4) Why is this green Chemistry? A. Green Chemistry, simply put, avoids the use and creation of toxins and waste that harms the environment. Green chemistry seeks to stop pollution from chemical production and to use fewer natural resources. This experiment is green chemistry because the reactants used and the products are all non-toxic ND sate tort the environment. In specific, this experiment involves one of the Green Chemistry developments Rye ¶j Noir made in the use of hydrogen peroxide for clean oxidations. The hydrogen peroxide in this experiment does not produce toxic waste like heavy metal oxidants do; it only produces water.

Assignment Example | Topics and Well Written Essays - 250 words - 407

Assignment Example Elisa Allen is the girl upon which the story unveils upon. She is an awesome gardener and the wife to the rancher. However, we learn that she doesn’t enjoy her day-to-day life as a gardener. This is exemplified when tinker approached her. This made her life to significantly change. The change may be forever. The author has used her to play a role in showing difference between the modern woman and the repressed woman. The other character is one that we can actually have little sorry for. Henry Allen is the husband to Elisa. He is a well-meaning rancher who is down righted and bewildered by her wife Elisa. The ‘intrigue’ is our third character who is referred by many as the tinker. Throughout the story, we do not actually know the real name of this character. The story is developed in the third person point of view. In the fourth paragraph, the camera obsessively zooms on Elisa. We are veered into a different place where we assume that we are now dealing with the narrator whoa at time establishes in Elisa’s minds. The point of view helps us to get the tone. Tone can be described as snob and callous. The story starts with us been introduced to protagonist, Elisa. She is depicted as the beauty that survives in the blooms. The conflict is as well entailed in the story, and complication. Elisa speaks to the stranger and gives him chrysanthemums. The story relies on the theme of love and betrayal. The women role in the gardens as well as the responsibilities they are

Project Management Report And Plan Essay Example | Topics and Well Written Essays - 2000 words

Project Management Report And Plan - Essay Example The researcher states that Bloomsbury Hotels are regarded by its peers as an industry innovator and the standards that they set often become the industry-wide benchmark. The high level of brand loyalty has been based upon consistently high standards of facilities and service. For this reason, all Bloomsbury properties, adhere to a strict policy that is laid down in a Standard Operations Procedures Manual. This essay mentiones that the hotel was opened in 1985 on a site in West London with easy access to the Underground network and Heathrow airport. The hotel is fully air-conditioned and has 15 floors. Since opening the Palgrave Hotel in 1985, the first five floors of the hotel have remained unaltered. Even though quality materials were used at the time, these 80 rooms are no longer to a Bloomsbury Hotels standard. The ‘eighties’ style decoration of bright colours and worn furnishings are a dramatic contrast to the upper ten renovated floors. The initial proposal is that a budget of 1,950,000 pounds will be required to complete this project. Detailed budgets for the whole project will be forwarded for approval to proceed, as laid down in the company’s S.O.P. The overall theme is based around the theme of ‘nature’ that will be expressed through the range of materials, colours and images. The five floors will therefore be imbued with a new coherence with regard to each other and the outside environment. The installation of the design and control of the project will be completed by the management of the Palgrave Hotel, London.