Investment Fundamentals and Portfolio Management Research Paper

Investment Fundamentals and Portfolio Management - Research Paper Example The company has registered gross profit of $24.3 billion in the fiscal 2011 that is an increase of 4.1% over previous year. That has been achieved through better management practices and customer focused policies (The Home Depot, Inc., 2012). A significant increase in operating income at $6.7 billion has been registered compared to $5.8 billion posted in fiscal year 2010 – that means an impressive 14.1% increase in operating income on yearly basis (The Home Depot, Inc., 2012). The remarkable performance has been possible through four major key initiatives: focusing on customer service, increasing productivity and efficiency, innovation and portfolio strategy providing value to the customers (The Home Depot, Inc., 2012). Increasing shareholder value has been one of the major objectives of the Home Depot. Accordingly, the company resorted to buy-back its own shares and garnered 97 million shares from the market amounting to $3.5 billion during the year ended January 2012. In November 2011, the company rewarded its shareholders by declaring a cash dividend of 29 cents per share, a 16% increase over previous quarter proving that the company values its shareholders (The Home Depot, Inc., 2012). As per Federal Reserve Report of June 2012, economic growth has taken a dip. GDP growth rate reduced to 2% annually in the first quarter this year after touching a 3% growth rate in the last quarter of 2011. Employment conditions though improved in the last quarter of 2011 and first quarter of 2012; however, it slowed down during April and May this year. The unemployment rate, a crucial macroeconomic factor, was registered 8.2 percent in the second quarter of 2012. The forecast has it that the economic growth is likely to be at moderate levels in coming quarters. The depressed housing market is one of the major bottlenecks for the economy to grow at a faster

United Farm Workers and Mexican Americans Essay Example for Free

United Farm Workers and Mexican Americans Essay The 1960s was a turbulent decade in the American history, filled with conflict over issues brought up by many different minority groups to form the various Civil Rights Movements. In this decade, the Chicano Movement started to gain a mass following and became a dynamic force of social change. Similar to blacks, Mexican Americans were plagued by police brutality, poverty, and inequality. In the pursuit of tackling these problems, the history of Chicanos in California consisted of the convergence of multiple movements: A youth movement represented in the struggle against discrimination in schools; the farm workers movement; and the movement for political empowerment, most notably in the formation of La Raza Unida Party1. The organizing efforts and achievements in California had major impact on the fate of Mexican Americans. Improvements in barrios, farm-labor camps, school districts and politic representation, led other states to sought reform. Education has long been a primary target of Mexican American activists and reformers. The Mexican American community had the highest high school dropout rate and lowest college attendance amongst all ethnic groups. As a result of the constant underestimation of students as well as the failure to upkeep facilities, a hostile learning environment was manifested. Their goals included bilingual, bicultural education, Latino teachers and administrators, smaller class sizes, better facilities and the revision of the text books to incorporate Mexican American history. In turn, Chicano students and activists decided to make their struggle public in order to pressure school boards into compliance of their demands for education reforms. In March of 1968, thousands of students walked out of their high school in L. A. protesting racial inequality among their school district. Their effects were not wasted, as the school board recognized their efforts by recruiting and hiring more Chicano teachers and administrators2. Ultimately, this inspired high school protest across the nation. College campuses also formed groups, like the United Mexican American Students, with the purposes to enforce for more Chicano study programs, financial aid, and Mexican faculty. Activists fought for bilingual educational programs and in schools and won in 1976, their hard work created more than 50 Chicano studies program in colleges. 3 Changes were not immediately apparent in high schools; however a significant change occurred in the college recruitment of Latinos and educational programs. Though most of the demands were not met, the walkouts unified and empowered the Chicano community, which in the process became a political force. Another focus of the Chicanos had been politics. Their goals encompassed the increase of Chicano candidates in the political arena, convincing non-Chicano candidates to commit themselves to the need of Mexican American community, conducting broad-scale voter registration and community organization drives, and for more Chicanos in government offices. 4 Rather than representation within the two major political parties—democrat and republic—activists established an organization dedicated to their empowerment, the El Partido de la Raza Unida. Found in 1970 by Jose Angel Gutierrez and Mario Compean, the party became active in community organizing and electoral politics statewide, campaigned for better housing, work, and educational opportunities5. The changes they fought for was made possible by combining mass action: firing of racist teachers, protecting high school student rights, and taking advantage of federal government monies they were entitled to, but was not utilized by the previous city government. Police polices were modified as well to benefit Chicano communities. The La Raza Unida Party leaders also worked to raise the wages of school and city workers to encourage unionization6. Though La Raza Unida is no longer a registered political party in the United States, its legacy is still very much alive, affecting the lives of Mexican Americans today. One aspect of the Chicano movement highlighted the rights of the workers in the fields of California. In order to fight against harsh working conditions, low wages and discrimination of Mexican farm workers, the United Farmworkers Union Organizing Committee was established. Led by Cesar Chavez and Dolores Huerta, the UFWOC accomplished its greatest victory when their strikes, boycotts, convinced the largest table grape grower, John Guimara Sr. , to only hire workers represented by the union. Despite their victory, union leaders struggled to create a union to represent all agricultural workers; As a result a three-month strike by grape workers in California began. Due to the efforts of Chavez and his union in 1975, California passed the Agricultural Labor Relations Act; which guaranteed farm workers’ rights to organize. 71 Although seen as an accomplishment, more restrictions were placed on the actions of unions. Today, agricultural workers in California are still being exploited, working in poor conditions with little pay and limited representation. Chicanos in California have played no small role in the social, economic, and political development of California. Not only is California home to majority of the Mexican Americans population in the United States, but also it is the scene of Chicano cultural Renaissance and has contributed to Hispanic cultural renaissance in the United States. California has also been the home of Chicano publication—including magazines, newspapers, and scholarly journals. 7 Although much of the problems faced by Chicanos in the 20th century had been resolved through reforms during the Civil Rights Era, many Mexican Americans are still being marked by oppression and exploitation. Not only in the field, but industries as well. They are often found working at wage jobs and poor conditions. Over the next few decades, other social reforms for Mexican Americans can be expected. Almost six decades after it began, the Chicano Movement still holds a visible impact on California. As a result of activism in politics, education, and farm work, much of the hardship faced by Chicanos in the early history of California have been resolved. The most prominent outcome of the Chicano Movement are still within academia, with the formation of numerous student centers at college campuses across the nation that aims to students of color as well as the establishment of Chicano Studies Departments and so on. The Literary and art movements of the 1970s also left an enduring mark on the Chicano community. The impact of Chicanos in California gave rise to countless Chicano communities where none existed before. Although activists today are still working on the struggles faced by Chicanos today in various fields, such as farm work, their movement in the 1960s has surely impacted California social, economic and political standing.

Descriptive writing Essay Example for Free

Descriptive writing Essay Descriptive writing is a way through which a writer shows his ideas by giving a clear and a vivid image of an object, a person, place or an event. In order to clearly explain a situation thereby creating a clear picture in the reader’s mind, descriptive essay must contain certain important elements. Pamela Arlov guides us to a good description in the book, Wordsmith a guide to college writing. A good descriptive essay uses fine vocabulary, original discussion about an event or an object which appeals to the five senses, uses clear dominant impressions and spatial order. Merely the description is to be used on the basis of the five senses. For instance, while dealing with an event or an object, the description is to be done on the basis of experience or imagination which will enable the reader visualize the discussion. Words which evoke sight, smell, hearing, touch or taste are to be used. The use of dominant impression is quite essential and can be taken as the central theme of the essay. It is the way in which the author conveys his strong feelings about a topic. This can be done by talking about all the possibilities while discussing a particular topic. Moreover, a good descriptive essay is organized in a systematic way. Here we talk about the spatial order. It is essential to maintain an order in an essay. As a result, the essay is more effective and easier to study. In spatial order, things are arranged according to their physical positions. Hence the idea is clearer with the reference of positions like left to right, high to low and so on. Thus, if the discussed techniques, further explained in the book, Wordsmith a guide to college writing, are considered while writing a description, the essay will be quite effective.

Human Rights And Freedom In Modern Society

Human Rights And Freedom In Modern Society The question of human rights is not a new phenomenon in modern societies. It has always dominated the foundations of modern democracy since 17th century. The discovery of the concept of human rights has contributed to formation of many social and political movements. Many social philosophers have grappled with and discussed the meaning, scope and general application of human rights. Thomas Paine is one of those philosophers, who discussed the rights of human beings in defending the principles of French revolutions (Fink 41). This concept was further developed by Locke, who was preoccupied with the idea of liberalism, following the introduction of English revolutions (Fink 43). As described by Fink, Locke was of the opinion that all human beings have a right to life and ownership of property, an argument that led to introduction and implementation of liberalism political system that left a great human impact in North American and French political revolutions (46). Fink further explain s that the liberalism continued to expand with the social and scientific developments in Europe and North America (Fink 69). China is dominated by authoritarian governance that is characterized by dictatorship and abuse of human rights (Yang 18). The country does not hold elections for national leaders and it lacks freedom of worship. In addition, the country lacks freedom of the press, whereby the media and the internet are heavily censored (Yang 21). Furthermore, the government does not tolerate any form of opposition and criticism towards the leadership (Sen 21). On one hand, power can be used negatively by leaders to opress, manipulate and control people under their leadership, while on the other hand, it can used constructively to foster democracy and countrys socio- economic empowerment (Panu, SY309, 2011). Power has been used to create social identities and political movements, whereby a great number of political philosophies are based theoretical and practical frameworks of human rights, freedom of the press and freedom of religion (Panu, SY309, 2011). In addition, power and knowledge are two inseparable concepts because power is a useful tool in the understanding and application of knowledge (Panu, SY309, 2011). President Obamas observations about China clearly show the lack of freedom and the domineering political oppression faced by the people of China as a result of the authoritarian governance, despite the countrys economic growth. He points out that Chinas authoritarian governance contradicts values of the basic human rights and reiterates the need for Chinese government to promote the ideals of democracy based on the values of Western liberalism. Western liberalism system of governance allows the citizens to engage freely on issues affecting them in relation to governance. Its main strategy is not simply to repress dissent, desire or behavior but to promote the citizens engagement with social, political and democratization process (Panu, SY309, 2011). According to Merton, Western Liberalism is based on capitalist values originating from the American culture that promotes individualism, universalism, materialism and achievement (38). Chinas explosive economic growth has been attributed to introduction of capitalism in 1978, whereby the government aimed at eradicating poverty by abolishing communalism and embracing Western culture and modernization for the citizens to work hard in the belief that getting rich is glorious. However, the Chinas governing authorities have refused to embrace Western form of governance by holding on to power and denying citizens their human rights and freedom of expression (Yang 28). Stepan observes that the concept of freedom has been used both negatively and positively; arguing that in the positive sense, freedom is characterized by absence of coercion or unconstrained decisions (34). Furthermore, freedom should involve making decisions without being controlled by any form of external power or authority (Panu, SY309, 2011). Freedom in a liberal government is where citizens are allowed to make their decisions about normal conducts without being coerced by governing authorities. This disqualifies China from the list of liberal governments because decisions are made by government for citizens to implement without questioning (Panu, SY309, 2011). Furthermore, anyone opposing government policies in China is severely punished. By and large, the theoretical applications of power relations imply that power can be contested and resisted. Resistance of power is based on peoples perception and reactions to different rules, whereby in liberal societies like the U.S, public demonstrations, political activism and political struggles are allowed and accepted within the law (Stepan 34 ).Resistance to power in such countries can be done through the media discourses, public debates and political representations (Panu, SY309, 2011). Nevertheless, in countries characterized by authoritarian governance like China, resistance to power is viewed as a crime and it is totally unacceptable (Yang 28). Sen argues that democracy is a universal value but a contested concept, applied differently in various contexts (Sen 17). For a country like China to become democratic, it needs to undergo radical social transformation and reforms. Conclusion In conclusion, democracy is based on respect for human rights, freedom of press and access to information. In the U.S, it is based on liberalism, allowing the citizens to make decisions without the interference of state or authority figures. Liberal democracies embrace press release, public discourse and political struggle as a way of contesting power for their citizens. On the contrary, non-liberal countries like China view any attempt to resist power as a crime that is punishable by law. This calls for need for human rights activists and international organizations that embrace democracy to seek the way forward in creation of democratic governance for countries dominated by authoritarian leadership like China.

Fifthe Business Essay -- essays papers

Fifthe Business Guilt is defined as a feeling of responsibility or remorse for some offense, crime or wrong committed. Guilt is a major theme in the novel Fifth Business. Dunny has been raised in a strict Presbyterian household which has encouraged him to feel guilt about many minor things. Even though Paul was not born at the time of the snowball incident, Paul Dempster still feels guilty towards his mothers simple mindedness. Percy Boyd Stautons repressed guilt does considerable damage and ultimately recoils on himself. In Fifth Business many characters feel guilt due to the snowball incident. Dunny Ramsay feels extremely guilty because he had anticipated that Percy, with whom he had been arguing, would throw one final snowball at him before he eats dinner. He felt Mrs. Ramsay’s pain when she was crying. â€Å"I had never heard an adult cry in pain before and the sound was terrible for me.† Dunny is still very young, and most likely, he has the perception that the adults should be the strong ones. To hear Mrs. Dempster cry must have been very emotionally difficult for ...

Eating Disorders Essay -- essays research papers

Eating Disorders An eating disorder is a way of using food to work out emotional problems. These illnesses develop because of emotional and/or psychological problems. Eating disorders are the way some people deal with stress. In today’s society, teenagers are pressured into thinking that bring thin is the same thing as being happy. Chemical balances in the brain that may also result in depression, obsessive compulsive disorders, and bi-polar disorders may also cause some eating disorders. Other causes may be emotional events, illnesses, marital or family problems, manic depression, or ending a relationship. Over eight million Americans suffer from eating disorders. Over 80% of girls under age thirteen admit to dieting, one of the main factors linked to eating disorders. Although eating disorders are mainly found in middle- to upper class, highly educated, Caucasian, female adolescents, no culture or age group is immune to them (EDA HP, n.p.). The three major eating disorders are anorexia nervo sa, bulimia nervosa, and compulsive over-eating or binge-eating. The most dangerous eating disorder is anorexia nervosa. â€Å"Anorexia nervosa translates to â€Å"nervous loss of hunger†. It is a mental illness involving the irrational fear of gaining weight. Usually, the victim is a perfectionist, although he or she may suffer from a low self-esteem. In general, a member of the opposite sex triggers anorexia. The first disease resembling present-day anorexia is one called â€Å"Anorexia Mirabilis,† or â€Å"Miraculous lack of appetite.† It is described as McCurry 2 a disease of insanity, possibly like cancer, tuberculosis, or diabetes. It was believed to arise from a diseased mental state. Sir William Gull, a physician to England’s royal family, said that these anorexics were suffering from â€Å"a perversion of the will† (Silverson). In 1888, a French psychiatrist, Charles Lasegue viewed anorexia from a social standpoint. He believed it was a way of rebelling. The Children of this time were expected to and forced to clean their plates. They were also accustomed to well-regulated meal times. Another cause of the disease in the Victorian era may have been women’s expectations, such as to remain home after childhood. Their only job was to get married and enhance the family’s social status. No emotional outbursts, such as temper tantrums were permitted. The family life was suffocating, but a y... ...t, as the disorder is often a result in lacking in coping skills. Symptoms of binge eating include: eating more rapidly than usual, eating until uncomfortably full, eating large amounts when not physically hungry, eating alone because of embarrassment of the quantities of food consumed, and not being able to purge after consuming large quantities of food (Dobie 1). Because it is not always recognized as an eating disorder, compulsive over-eating may have the most adverse effects on health. McCurry 6 Anorexia nervosa, bulimia nervosa, and compulsive over-eating are extremely serious illnesses that must be recognized before they can be treated. The media is blamed for so many distorted images of the body. People are beginning to refuse the idea, however, that thinner is better. Body shapes are known to go in and out of style. In the 1800s, plumpness was a sign of wealth and class. Thinness became a sign of beauty in the 1970s with the British super-model Twiggy. There are many treatments for eating disorders today. One of the hopes of many psychologists is that humans will begin to feel happy about the way they are, even if it is a little bigger than the media portrays as ideal.

The Joy of Corporate Profits :: Corporate Profits Pay For Universities

Whether it's Nation of Islam Minister Louis Farrakhan leading the Million-Man March, anti-WTO protesters or AIDS activists, we're frequently treated to the chant demanding "People Before Profits." Since profit demagoguery is a deceptively appealing tool used by scoundrels everywhere, let's de-mystify the concept of profits. Let's first get its definition out of the way. Profits represent the residual claim earned by entrepreneurs. It's what's left after all other costs - wages, rent, interest - have been paid. The entrepreneur is generally seen as the person who takes risks, innovates and makes decisions. It's important to recognize that profits are a cost of business just as are payments to labor, land and capital. If wages, rent and interest are not paid, labor, land and capital will not be offered; similarly, if profit is not paid, entrepreneurs wouldn't be seen either. Roughly six cents of each dollar companies take in represent after-tax profits. By far, wages are the largest part of that dollar representing about 60 cents. As percentages of 2002 national income, after-tax profits represented about 5 percent and wages about 71 percent. Far more important than simple statistics about the magnitude of profits is the role played by profits, namely that of guiding resources to their highest valued uses, determined not by some tyrant but by ordinary people's wants and desires. Let's discuss just a few examples. When Coca Cola introduced the "new" Coke? Pepsi Cola president Roger Enrico called it "the Edsel of the 80's," representing one of the greatest marketing debacles of the 1980's. Who made Coca Cola Company bring back the old Coke? Was it congress, the courts, the president, or other government officials who claim to have our interests at heart? No way. It was the specter of negative profits (losses) that convinced Coca Cola to bring back the old Coke. Thus, one role of profits is to discover what consumers want and if producers make mistakes, correct them. After the 1992 massive destruction caused by Hurricane Andrew, South Florida stores sold sheets of plywood for twice the price it had sold for prior to the storm. Escalating plywood prices brought charges of price-gouging and prosecutory threats. But look what higher prices and the potential for windfall profits did. Plywood destined to be shipped to the Midwest, West and Northeast suddenly was rerouted to South Florida. Lumber mills increased production. Truckers and other workers worked overtime so as to increase the availability of plywood and other construction materials to Floridians.