Open Market Operations- How and Why They Are Conducted Term Paper

Open Market Operations- How and Why They Are Conducted - Term Paper Example During inflationary periods, there is a lot of money supply in the economy and the government needs to take drastic measures to control the money supply before the rate of inflation worsens. The securities are offered at a higher interest rate than those of private institutions which attract most investors to acquire them and relevant deductions are then made from their bank’s reserves/ accounts. This reduces the money supply in the economy as the amount of money available for consumption to the members will reduce and so will the amount of money available in commercial banks reserves for lending which means that even the lending rate will increase. When the money supply in an economy is limited, the government may decide to increase the supply by buying back part or most of its securities from the public. The government buys them back at the rates agreed during time of sale to the investor. This means that some money will be deposited in the respective investors’ accou nts which will increase their disposable incomes and subsequently their spending. This will also increase the cash reserves of commercial banks hence they can lend money to the general public at lower rates. Open Market Operations – how and why they are conducted Marketing is something which must be performed in the right way possible in order to promote increased sale of a product. This should incorporate all components of a marketing plan and functions in addition. The marketing plan in that manner becomes the central application, which has the competency to improve the sales of a product in the global perspective. The marketing of a product largely relies on the marketing plan established in any given organization. Open markets operations are the principle tool of U.S monetary policy in which central banks buy and sell bonds and securities. The principle has been in use for several years and it functions to maintain reserve balances. It is worth noting that the United Stat es employs open market operations through the Federal Reserve Bank. There are several activities, which are conducted by the Federal Reserve Bank in order to make such operations worth running. However, this is a paper that critically explores open markets operations in terms of how and why they are conducted. It is worth noting that a critical review of the area under discussion is performed from a broad point of view. The Federal Reserve System was established in 1913 when the congress passed the Federal Reserve act. Although it is independent of the government, it is accountable to the congress because the congress can amend the Federal Reserve act when necessary. The Fed is called a "decentralized" central bank. By manipulating reserve balances the Federal Reserve can control the price of reserves in the market. The theory of open markets operations is quite simple; the fed buys securities when it wants to increase the flow of money and credit, and sells securities when it wants to reduce the flow of money and credit (Harvey 4). What they designate as their target interest rate speaks for what they are trying to fight. If they lower the interest rate they are fighting recession. If they raise the interest rate they are fighting inflation. The fed can choose from among many financial instruments to conduct open market operations: corporate bonds, corporate stocks, commercial paper, etc. it uses treasury

I - SEARCH PAPER Essay Example | Topics and Well Written Essays - 1250 words

I - SEARCH PAPER - Essay Example economy to an extent that can only be speculative. What is known is that the impact will be nothing short of catastrophic regarding both the earth and economy. In much of the previous century, oil was largely viewed worldwide as an economic asset and ever-expanding tool for increasing mobility needs and is today the primary cause of air pollution through the medium of oil-burning automobile engines. The dependence on oil now threatens many national economies, their security and the environment as well. Not only can the world not endure fossil fuels being pumped into the atmosphere at the current rate for the next 30 years, most experts agree that in 30 years, the world’s supply of oil will be largely depleted. Only by quickly implementing alternative sources of automobile fuel and electricity on a large scale can this looming disaster be averted. Hybrid cars seem to provide at least a temporary answer until better technologies are developed. Because they burn less oil, hybrid cars are considered a step in the right direction. This discussion will review many aspects of the hybrid car including an explanation of what a hybrid car is and how they save fuel thereby emitting fewer pollutants, their popularity and their risks. In An Inconvenient Truth, former Vice-President Al Gore demonstrates with clever use of computer graphics the extent to which the U.S. is, by far, the unenviable world leader in fossil fuel emissions. His plea to change energy use habits is good advice for everyone and every nation but is unambiguously directed at an American audience. â€Å"First, we need to make major changes in our preferences and habits concerning our personal cars, housing patterns, and consumption patterns. This is true especially in the U. S. because our nation consumes the lion’s share of the world’s fossil fuels to sustain our rich standard of living† (â€Å"An

Food Regulations in the Usa Essay Example for Free

Food Regulations in the Usa Essay Everyone has heard the stories about mad cow disease and other food-borne diseases coming into the United States from countries such as United Kingdom and China. Besides that locally, foodborne illnesses are among the top of deaths within the United States. Cause of these deaths, most could be prevented if better rules and regulations were in place federally and locally in the United States. In this paper I will be discussing insight on how the US Government can improve the effectiveness of state and local food safety programs. Food safety responsibilities at the state and local levels reside in too many agencies (health, agricultural, industry, etc. ) With all of these agencies it is hard for all of them to cooperate together when detecting and reporting said incidences to the federal level. Without an effort to build a comprehensive national regulation that cover the three basic elements of prevention, detection, and rapid response. When it comes to the area of surveillance, there is a lack in the communication chain between federal agencies, state, and local health agencies. A good example of this lack of surveillance was back in 2008, when Federal Drug Administration found traces of melamine in infant milk products. However, the FDA concluded melamine or cyanuric acid alone, at or below 1 part per million in infant formula do not raise public health concerns in babies. (2008 Chinese milk scandal) Melamine is a toxic chemical that can be harmful if swallowed, inhaled, or absorbed through the skin. According to FDA scientists, melamine can be absorbed into the blood stream forming clots that can cause kidneys to malfunction. United States FDA’s limit was put at 0. 63 mg, but was later reduced to 0. 63 mg daily. The World Health Organization’s food safety director estimated that the amount of melamine a person could stand per day without incurring a bigger health risk, the tolerable daily intake (TDI), was 0. 2 mg per kg of body mass (â€Å"Melamine†) To eliminate such risks from entering into the United States, FDA needs to improve on monitoring and/or inspection of the food safety practices of foreign food producers and suppliers. A solution to this surveillance problem would be improved communications and collaboration between federal agencies, state, and local health jurisdictions involved in food safety surveillance. As well as promote access to information from multiple passive foodborne outbreak surveillance databases by federal, state, and local health jurisdictions such as Pulse-Net. With better surveillances put into place, the next step would to concentrate on the inspection and regulation phases. There was an article written in 1956 (Eat, drink, amp; be wary, 1956) that explains how FDA does not regulate everything the same. The article goes on to explain about how Florida oranges and the additives that are used and how three of the dyes were deemed â€Å"highly toxic. It also states that if the FDA were to make new laws, which can take years for them to be passed. Another way is to mandate uniformity in product dating so consumers and regulators can differentiate between production dates, â€Å"sell by† dates, â€Å"use by† dates, and if dates are based on food safety concerns or product freshness considerations. Woteki amp; Kineman wrote an article entitled â€Å"Challenges and approaches to reducing foodborne illness† how the science of foodborne illnesses are accelerating faster than laws that can protects against said illnesses. While American consumers benefit from one of the world’s safest food supplies, the existing framework is a patchwork of laws and regulations that are frequently inconsistent and lag far behind current scientific knowledge of the risks posed by foodborne pathogens and toxic chemicals. (Woteki, Kineman, 2003) With proper regulations now in place, working on proper inspection procedures would be the next step to ensure safer food being imported and exported within the United States. Federal government needs to support continued development of a uniformed food safety inspection program for all state and local health jurisdictions and encourage its adoption through federal funding. The FDA has been working on this by developing Model Retail Food Standards. (NEHA, 2011) However, to improve the regulations that are needed the FDA have areas for improvement; such as encouraging (but not mandate) more uniformity in regulatory codes nationwide. Another solution in the inspection process would be to have a secure database where all the proper documents to be accessible by user-defined personnel. There was an incident where a local health department had to file a request for a copy of the most recent inspection of a food manufacturing plant from a certain federal agency. By the time that request was processed, six months had passed and the inspection was outdated and useless. (NEHA, 2011) Overall, the United States does ok in the prevention and detection of severe cases of foodborne illnesses. However, I believe that the FDA should do a better job in communicating with state and local government to better prevent and detect said type illnesses. Again some ways that could happen is to try to get a uniformed code of regulations across nationally. Now by doing this I am not saying we will prevent foodborne illnesses totally but we, as a nation, would be better off to indicate and be able to take the corrective actions needed.

Legal Arguments on Same Sex Marriage

Legal Arguments on Same Sex Marriage Yoel Reina Dicks in the Court The limitation of marriage to opposite-sex couples may long have seemed natural and just, but its inconsistency with the central meaning of the fundamental right to marry is now manifest, claimed Justice Anthony M. Kennedy, whom has tailored all court decisions which recognize gay rights. With that knowledge, must come the recognition that laws excluding same-sex couples from the marriage right impose stigma and injury of the kind prohibited by our basic charter. The news on June 26, 2015 captivated American citizens all around the country, news that may have seemed as too much to absorb. If an individual was near a live television set, or near the proximity of any telecommunication broadcast, the chants of victory over laws restricting same-sex couples to marry could be heard at an amplified rate. The issue of gay marriage is a strange one, one which is surrounded by much fervor, emotion and unknown consequences. One must ask, what consequences would that be?, Jim Obergefell fought and won the case of Obergefell v. Hodges, a case that Jim did not have to succumb to as his partner passed away in 2013, just two years prior to his victory. The person I love was physically falling apart, and I was happy and privileged to be able to be there to help him what else would I do? Jim Obergefell (Geidner). To answer the question, the consequence is love. The love to feel and be with someone else regardless of their creed and sexuality, the right all human beings should have. The loss Jim faced was tragic, but the tenacity wielded by this individual to take on thousands who opposed his right to marry is immeasurable. The case of Obergefell v Hodges, begins when two same-sex individuals bring their case into their respective district, another fourteen same sex couples follow suit. These cases reflect the denial of each individuals right to marry, or the right to have a marriage which was performed at a different state be recognized in their home state. These cases were heard in the states of Ohio, Michigan, Tennessee and Kentucky. The marriage is between a man and a woman, were the current outlook and law by the defined states. Strangely enough so early on, each state corresponding to its petitioner ruled in their favor. Unfortunately, the representatives of the current law (marriage between a man and a woman), petitioned the decision by the courts. In turn this caused the Court of Appeals for the Sixth Circuit to rule in favor of the respondents which in turn reversed the previous ruling by the state courts. The original petitioners decided to continue fighting by escalating the matter to the Sup reme Court. Alas once the petitioners received certiorari by the Supreme Court, each petitioner argued that the reversal by the respondents violate the Fourteenth Amendment by restricting the individuals right to marry or denying its recognition. This situation makes it nearly impossible for an individual to be recognized as a married coupled as the laws are not static nationwide and each state can permit or deny gay-marriage. The emotional approach taken by the petitioner is the claim that they viewed marriage by the institution at a high level and they sought that form of value, and it wasnt an approach to diminish marriage. However, the respondents approach to the situation was that the individuals were attempting not attempting to seek the recognition of marriage, but were in fact looking for a new and unestablished right to marry within the same sex. The respondents reminded the court that marriage is naturally between a man and a woman, the respondents included that the ability for a same- sex couple to marry would demean marriage by its core definition. The respondents also claimed that there is an insufficient amount of democratic discourse to decide on an issue as important as the definition of marriage. Oddly enough the inclusion of a statement as bizarre as same sex couples inability to marry due to the severance of marriage and procreation was also claimed. Both legal arguments were weighted out by the Supreme Court and a decision was to be made, one which sadly did not pass by a large majority ruling, but a ruling in favor of gay marriage was made none-the-less. The Court ruled by majority of 5 to 4 in favor of the petitioners. The verdict, carried by Justice Kennedy (Ginsburg, Breyer, Sotomayor, and Kagan, JJ. joined), initially measured the matter arising from the cases of Michigan and Kentucky, of whether states are obligated to record same-sex marriages (Oyez). The first testament made by the majority ruling in favor of gay marriage was the fact that marriage has evolved over time due to legal and social attributes. A statement identifying every states disarray on the decision of gay marriage was also brought into light. The Fifth and Fourteenth Amendment also contain a due process clause. Due process deals with the administration of justice and thus the due process clause acts as a safeguard from arbitrary denial of life, liberty, or property by the Government outside the sanction of law. The due process clause was strongly used in winning the rights to marry for same sex couples, as liberties protected by the clause extend to choices that are central to a persons dignity and autonomy. These dignities and autonomous action also stretch into personal beliefs and identity. The Supreme Court parried the respondents arguments of the petitioners not seeking to pursue a right to wed, but in its place pursued an innovative right to same sex marriage, with being inconsistent with the Courts prior method to essential rights, as well as that of matrimonial pairing. The claim that rights could not be restricted only by individuals who have previously exercised them was also made. If this was the case, law would be stale and would not evolve with the times and social changes. This informal approach would restrict groups from invoking rights denied to them in the past (womens right to vote, black equality, etc). Furthermore, same-sex marriage is protected by the equal protection clause, stating that the Court recognized that new insights and societal understandings can reveal unjustified inequality within our most fundamental institutions that once passed unnoticed and unchallenged. The marriage laws confronted by the petitioners are in its core unequal. The laws deprived same-sex couples all the benefits approved to opposite-sex pairs and labor as seriously committing harm, in essence serving to disregard and declare gays and lesbians as inferior. At the end the respondents showed no evidence of marriages severance due to the acceptance of gay marriage. The four Justices who were not in favor of the ruling made their dissenting judgements. Chief Justice Roberts, joined by Scalia, Alito and Thomas, dissented from the majority claiming that the Constitution of the United States does not allow judges to refabricate the definition of marriage as it is a decision to be made by the legislature. Chief Justice Robert finalized his dissent by claiming that the majority had no legal basis for its conclusion. Scalia was in agreement with Justice Roberts dissent but included that citizens were robbed of their freedom to govern themselves. After reading over the case and assessing the competition Jim had I am overwhelmed with joy and thanks to this individual and all those who have fought for my right to legally get married. It is a horrendous thought and a very treacherous approach to deny an individual rights granted to another individual. There was reservation saved specifically for Judge Thomas who is of African American heritage, an individual who shared a history of ancestors whom faced a similar struggle towards equality. Although the African American struggle was much harsher than that of gay rights, it was a struggle none-the-less which should give an understanding and compassion towards the importance of civil liberties and rights for all, one he seemed to forget. I could not imagine a world where I could not marry the person I love, to be told that I am different and do not have that right. This case is one that puts law into a perspective that not everything is set in stone. Law mutates, it changes and adjusts to the times may they be impacted by the environment or social changes. It also begs to question the Constitution as a whole, does it not? What is the difference between a dream and the U.S. Constitution when both can be translated based on the outlook of the individual, in this case the courts. Alas, although the Courts did have a majority ruling for gay rights, unfortunately there are dicks (no pun intended to the case), whom are still sitting in the court whove not adjusted to the times itself.

Effects of Privatization on Performance

Effects of Privatization on Performance This research study investigates the impact of privatization on the Pakistan Telecommunication Company Limited (PTCL) financial performance which is privatize in 2005.The variables Net Profit Margin, Operating Profit Margin, Return on Assets and Earnings per Share and Number of trades of shares are used as representation for financial performance. The paired-samples t test for mean difference has been used for comparing the pre and post privatization performance. Analysis of the financial data shows decline in the net profit margin, operating profit margins, return on assets and earnings per share after the privatization; but the impact is insignificant for all the variables except the operating profit margin. The effects of privatization on employees performance and management remain a potential problem and issue for further research due to shortage of resources and knowledge. Effect of Privatization on Performance Poor performance of many companies and public institutions in general has shown that in principle the government is not a good businessman. In this regard Privatization, a global phenomenon considered as a tool that leads to economic growth, increase in productivity, efficiency in utilization of resources and expansion in output and employment. The rational consumer takes benefits from competition among private firms in the form of better quality services and low prices especially in banking, air travel and telecommunication sectors. Due to rigidity in our culture, Public Sector companies do not become flexible and more dynamic as compared to Private companies. In general, it can be claimed that privatization is a part of a broader economic policy which is referred to as the economic release or connecting to the world economy by some governments. Privatization is the process of changing the conditions of governmental activities so that the major context is fixed but the atmosphere of the sectors changes and the effect of atmosphere and conditions of markets on companies performance is likely to consider private sectors mechanisms Telecommunication plays a vital role in the economic development of any country. PTCL was privatized in 2005. Due to the privatization of PTCL, overall financial performance and the share prices of the PTCL became volatile. This purpose of this study is to study dynamic aspects of privatization and compare the pre and post privatization financial performance of the company. An overview of PTCL In 1947, after independence, Pakistan had an insufficient telecom base. Only 14,000 land lines were there in whole country and only one department of Telephone and Post Telegraph. In 1962 these two departments were alienated as Postal department and Telephone and Telegraph Department (TT). Pakistan started gradually enhancement in telecommunication sector in 1990. The brief history of PTCL is as follows: Telegraph and Postal Department was established in 1947. Telephone and Telegraph Department was established in 1962. Pakistan Telecom Corporation was established in 1990-1991. PTCL was listed in the Karachi Stock Exchange in 1996. Internet and mobile subsidiaries was established in 1998. Policies of Telecom sectors were finalized in 2000. Deregulation policy of Telecom sector was announced in 2003. Objectives of Research This research study aims to examine the effect of firms privatization on the performance of the Pakistan Telecommunication Limited (PTCL). The objectives of the study are as follows: To evaluate impact of privatization on the financial performance of PTCL. To understand whether privatization how much privatization is effective To help policy makers and other authoritative bodies regarding decision making about privatization. Literature Review Memon (2007) argue that privatization and the preparations for privatization are very important to minimize the social costs and dislocations caused by such initiative. Most South Asian countries have come to realize that privatization for the purpose of reducing fiscal deficits has caused them to off-load those enterprises which are loss making first. Such action has not inspired private sector confidence, and has resulted in large-scale worker retrenchment. Privatization is the key factor that enables markets to work properly and appropriately. According to Megginson Netter (2006) from last two decades most countries of the world shifted their firms from state ownership to privatization. In 1999 the revenue of privatization firms was $ 1 trillion around the globe. Given the importance of the subject, a lot of studies have been performed to analyze the impact of privatization in a number of countries. Taghizadeh (2009) compared 12 privatized telecom corporations with 12 non-privatized (governmental) ones regarding their per capita cost of operating, per capita cost to fix damages and per capita wage and costs of labor maintenance and conclude that the costs were lower in privatized centers regarding all three above mentioned domains. A recent study (Farinos et al., 2007) while investigating the companies privatized in Spain through the years 1990-2001 argue that privatization has had a great impact on efficiency, sale income and employment. Warzynski (2003) in his study of 300 Ukrainian firms finds that competition does not have a significant effect on firm performance measured by productivity and profitability while privatization has a marginal positive significant effect on profitability and an insignificant effect on productivity. He points out; however, that competition and privatization might be complementary measures, as he finds that competition increases the performance of privatized firms. Boubakri et al. (2005) study the post privatization corporate governance of firms and show that performance gains are associated with the type of dominant owners. Choi and Hassan (2011) argue that Privatized banks, on average, perform better than established banks, whereas this is not true where we do not consider country differences across privatizations. They conclude that although governance and foreign ownership are significantly correlated with decreased performance deviation of privatized banks relative to the established bank group, banking freedom (regulations) and extensive deposit insurance schemes in respective economies are associated with increased performance deviation. A recent study (Okten Arin, 2006) on the effect of privatization argues privatized firms improve productive efficiency by increasing their capita l and decreasing their labor endowment. But this effect disappears when we control for changes in market structure using a measure for market concentration. Hence, while private ownership has a robust positive effect on productive efficiency, whether gains in productivity will be passed on to consumers in the form of lower prices will depend on the market structure ensuing from privatization. Kerr et al., (2008) studied the privatization process in New Zealand and Australia through which they confirmed that the performance of companies after being privatized has improved greatly and privatization has increased the annual growth of New Zealand companies up to 12% and Australian companies up to 9%. Another study (Sarboland, 2012) conducted in Iran conclude that privatization has increased the overall financial performance of the corporation, however financial (debt) leverage ratios also increase, which reflects the companys poor performance in the years after privatization because in such a situation creditors will have less assurance and, moreover, in the view of lenders the less financial (debt) leverage ratio, the better. Some research studies found average performance after reforms, whereas, some studies found positive effect of reforms. However, most of the literature suggests that there is a significant relation between privatization and efficiency and due to the importance and the role that privatization has in increasing efficiency and optimum use of resources, more research is needed to confirm or reject the findings of previous studies. To do so, this current study has been tried to investigate the relation between privatization and efficiency in PTCL. Methodology The study basically focuses on the impact of Privatization on the financial performance of PTCL. Since the domain is PTCL, financial ratios of years 2000-2004 (before being privatized) and financial ratios of years 2005-2009 (after being privatized) have been analyzed, research population and sample are the same. Information and data needed for this research has been collected from the annual reports of PTCL. Since used data was obtained from company documents and financial records and accounting, the data is considered reliable. For measuring financial performance the following four variables have been used: Operating Profit Margin Net Profit Margin Return On Equity Earnings per share Number of Share trade In this study, to analyze data obtained from documents available in finance department, first, after separating and identifying the data of two periods (i.e., after and before privatization), the paired-samples t test for mean difference has been applied to analyze the data. This test explains volatility and significance of the variables, with the assumptions that the distribution of the variable is normal and that the variance of the variable is same in both set of populations. The test id done with help of Microsoft excel and SPSS. Analysis and Findings Refer to Table.1 in appendix, the shows summary of result of Paired-samples t test for the variable operating profit margin. Mean value of the operating profit margin is lower in the post privatization period. On the other hand, standard deviation is higher in the post privatization period as compared to pre privatization period. It indicates that privatization has negative impact on the net profit margin; moreover, it has also become more volatile after privatization. Whereas, the significant value is less than 0.05 which indicates that significant change has been observed in the operating profit margin after privatization. Refer to Table. 2, 3, 4 in appendix, the result shows summary of result of Paired-samples t test for the variable Net Profit Margin, Return on Equity, and Earning per Share respectively. Results show that all of these three variables have declined after privatization, and have become more volatile. The significance value is greater than 0.05 which indicates that changes in these variables are not statistically significant. Refer to Table. 5 in appendix, the result summarizes result of paired t test for the variable Number of trades. The mean value of the Number of trades is almost double in the post privatization whereas, the standard deviation for the number of trades is high in the post privatization period. P or significant value for the variable Number of Trades is highly significant as it is less than .005 indicating that the number of trades per day is significantly affected due to privatization. Conclusion Based on the results obtained, it was shown that there is a significant effect of privatization on the average number of trades of shares. This effect is being found positive as well. However, Analysis of the financial data shows decline in the financial performance of the company after privatization measured by operating profit margin, net profit margin, return on equity and earnings per share ratio. These entire four variables show decline in the post privatization period but the change is significant only in the variable operating profit margin. Hence we can conclude that privatization of PTCL has not been found analytically favorable. It is recommended, based on the result of the research, the legislative agencies should make appropriate policies to achieve a suitable market for Pakistan. Information clarification, choice of investor and a transparent privatization process should be the top priorities of authoritative bodies in order to make privatization more effective and effic ient. As suggested by Zeitun and Tian (2007) a privatization reform should go gradually and government should provide all necessary social securities to reduce the negative social impact of a firms liquidation. Issues for Future Research Many issues are not covered during the study due to shortage of resources and time. Based on the findings of the current research the following suggestions are recommended for further research: To examine the relation between privatization and management performance. To examine the impact of privatization on employees sense of job security. To examine the failures of financial ratios in decision makings. To examine the analysis of financial ratios in decision makings. To examine the impact of privatization on staffs efficiency.

A Deep Look At Elisa Allen in Steinbecks The Chrysanthemums Essay

The Chrysanthemums by John Steinbeck is not just a simple short story. Yes it is a short story about a country housewife that lives a boring life and grows beautiful flowers. She is then mislead to believe that a perfect stranger has interest in her flowers and is moved to reveal to him her secrets in growing them and even give him not only some of her prized shoots from the flowers but also some work so that he is given what he originally wanted. She then finds her shoots thrown haphazardly on the side of the road. She begins to ask for wine and becomes very saddened and begins to weep. On the surface it seems like a very superficial story about how a woman could be deceived by a man into believing that he has interest in what she can accomplish. However when one reads the story from a higher critical perspective, especially the last line one realizes how deeply profound the story really is. The last line of the story where the main character Elisa Allen declares that a little wine will be enough and she begins to cry like an old woman reveals that she has grudgingly accepted her lot in life and accepts that she can only experience so much fulfillment due to her position in society and the fact that it has stolen her youth and left her a bitter old woman. Elisa Allen is a strong hardworking woman that is very skilled at growing Chrysanthemums. Her husband recognizes her skill however he does not truly appreciate what is behind it. He instead attempts to encourage her to use her skills for a more practical and therefore supposedly more meaningful endeavor such as growing apple trees. â€Å"Her husband, Henry Allen does not understand her mind; his interest is focused not on the point that she likes to grow it but on the possibility o... ...en, as even her husband had made a joke about taking her there. However she desires to go and although envisioning such bloodshed repulses her it is also alluring. â€Å"In other words, the imbalance between the relatively restricted setting and Elisa's vaulting desire to wander into the unknown territory is chiefly designed to strengthen the overall imagery of Elisa, whose drive to experience the violent outer world.† (Compare Contrast Essay) So she decides to ask if she can have some wine instead and hopes for the excitement it might be able to bring although she knows that whatever momentary excitement it might bring it is not lasting. The next day she will continue to be a bored house wife, with a husband that largely ignores her and is boring and content. Even what she has to work on, the source of pride in her life the Chrysanthemums are meaningless. So she weeps. A Deep Look At Elisa Allen in Steinbeck's The Chrysanthemums Essay The Chrysanthemums by John Steinbeck is not just a simple short story. Yes it is a short story about a country housewife that lives a boring life and grows beautiful flowers. She is then mislead to believe that a perfect stranger has interest in her flowers and is moved to reveal to him her secrets in growing them and even give him not only some of her prized shoots from the flowers but also some work so that he is given what he originally wanted. She then finds her shoots thrown haphazardly on the side of the road. She begins to ask for wine and becomes very saddened and begins to weep. On the surface it seems like a very superficial story about how a woman could be deceived by a man into believing that he has interest in what she can accomplish. However when one reads the story from a higher critical perspective, especially the last line one realizes how deeply profound the story really is. The last line of the story where the main character Elisa Allen declares that a little wine will be enough and she begins to cry like an old woman reveals that she has grudgingly accepted her lot in life and accepts that she can only experience so much fulfillment due to her position in society and the fact that it has stolen her youth and left her a bitter old woman. Elisa Allen is a strong hardworking woman that is very skilled at growing Chrysanthemums. Her husband recognizes her skill however he does not truly appreciate what is behind it. He instead attempts to encourage her to use her skills for a more practical and therefore supposedly more meaningful endeavor such as growing apple trees. â€Å"Her husband, Henry Allen does not understand her mind; his interest is focused not on the point that she likes to grow it but on the possibility o... ...en, as even her husband had made a joke about taking her there. However she desires to go and although envisioning such bloodshed repulses her it is also alluring. â€Å"In other words, the imbalance between the relatively restricted setting and Elisa's vaulting desire to wander into the unknown territory is chiefly designed to strengthen the overall imagery of Elisa, whose drive to experience the violent outer world.† (Compare Contrast Essay) So she decides to ask if she can have some wine instead and hopes for the excitement it might be able to bring although she knows that whatever momentary excitement it might bring it is not lasting. The next day she will continue to be a bored house wife, with a husband that largely ignores her and is boring and content. Even what she has to work on, the source of pride in her life the Chrysanthemums are meaningless. So she weeps.

The Career of Engineering Essay -- Descriptive Careers Engineer Essays

The Career of Engineering Take a look around yourself. What do you see? Maybe books, chairs, a television, or even your clothes. All the day to day things that are man-made, you can be sure that an engineer helped make it. Engineers have shaped our world as we know it. There are many different kinds of engineers from chemical, mechanical, textile, civil, agricultural and structural engineers. Our civilization would be as advanced as the Stone Age without these people. This career demands a wide education of math and science. It is an ever-changing career with new advances in materials and the way products are produced. Engineering careers are very secure with respect to compensation. Regardless of this, it does have it’s disadvantages as well. All and all engineering is demanding, but well worth the work.   Ã‚  Ã‚  Ã‚  Ã‚  The education of an engineer is probably the most demanding as far as the mastery of the material given as any other degree. Usually in their first year, a student will be put into a special program that starts the course load with math and science. These are the basis for every engineer’s education. After the first two years of the program, the student chooses exactly what field of engineering he or she would like and finishes out their degree concentrating on that particular field. Towards the end of their college career, the student will usually be offered a job by recruitment or they are hired after they graduate. Most employers seek out four-year graduates with a degree in a specific area of concentration.   Ã‚  Ã‚  Ã‚  Ã‚   Engineering has many advantages to offer. The best would probably be the salary. A student with an engineering bachelors degree will be offered a higher paying job on average than any other bachelors degree offered. (Basta 12) An average annual salary in a starting Federal Government position was $96,370 in 1994. Along with high wages comes job security. Even when the economy is bad, unemployment of engineers will only rise one or two points on average. (Kirby 64) Other advantages include interesting work, creative work and working with the latest technological advances in the field you choose to go into. Engineering as a whole shows many superior qualities over other jobs, but it also has its disadvantages.   Ã‚  Ã‚  Ã‚  Ã‚  Engineering degrees require the most math and science of any other degrees offered. The study is extremely hard w... ...ix it by creating a new system or device and being able to say that I made that, I invented that. Being an engineer has been one of the most personally satisfying jobs I have ever had. (Steele) None the less, the career of engineering is one that provides many benefits to the ones who are willing to work for the degree. This field has a variety of areas to excel in. It provides creative work, the chance to work with a team, and the compensation is far from the average. Engineering is also one of the most important careers in our society. Without it, our civilization would be nothing like it is today; and the pleasures that many of us take for granted would not be here to comfort us. Bibliography Basta, Nicholas. Engineering Careers Lincohnwood, Illinois: Career Horizons 1996. Clancy, Tom. Submarine: A guided tour inside a Nuclear Warship. New York, New York: A Berkley Book, 1993. Kirby, Shelton, Richard. Engineering in History. New York, New York: McGraw Hillbrook, 1956 â€Å"Nuclear Engineering†. EXPAN Career Description. â€Å"Engineering†. Encyclopedia Britannica Online, Accessed February 23, 1999. Copyright, 1994. Joe Steele, Personal interview 3, March 1999.