Cream Seperation Free Essays

Partition of cream from full cream milk utilizing the Disk-Bowl Centrifuge. Presentation:- Cream is typically a dairy item containing high fat percent, which can be seen drifting on the top before the homogenization procedure. At the point when the milk is unhomogenized, additional time, the fat lighter in weight ascends to the top. We will compose a custom paper test on Cream Seperation or on the other hand any comparable theme just for you Request Now The procedure in the businesses is totally unique as they use axes, typically called as separators to quicken the creaming procedure. Cost of cream absolutely relies on its fat substance. Cream for the most part delivered by the domesticated animals brushing process on regular fields typically contains some measure of normal carotenoid shades gained from plant materials they devour; because of which the cream seems somewhat yellowish in shading. Cream got from the milk of domesticated animals took care of inside is generally white in shading as they ordinarily are grain based pellets. There is a recipe for deciding the pace of sedimentation, generally known as Stokes’ law. It expresses that a molecule traveling through gooey fluid achieves a steady speed or sedimentation rate. Condition for Stokes’ law Vg = d2 (Pp-P1)/18  µ ? G Where:- Vg = Sedimentation Velocity d2 = molecule Diameter Pp = Particle thickness P1 = Liquid thickness G = gravitational increasing speed  µ = consistency of fluid Aims:- 1. To isolate cream from full cream milk at two speed settings of the circle bowl axis. 2. To assess tactile properties of the cream and skimmed milk. 3. To decide the throughput of the axis. Materials and Equipments:- Disk-bowl axis 1 Liter and 400 ml containers Liter estimating chamber Sample cups â€transparent 2 Liters full cream milk Large Plastic dishes Pans Stopwatch Digital Thermometer Method:- 1. Two bunches of 1 liter of full cream milk was warmed at 37 degree C. 2. 1 liter recepticle was set underneath the lower, overwhelming stage, spout of the axis. This normally was the point from where the skim milk exits. Directly after then the 400 ml recepticle was put underneath the upper, light stage, spout of the axis which generally was the leave point for the cream. 3. Before doing the subsequent stage, it was guaranteed that the tap of the milk accepting supply at the highest point of the axis was in a shut position ie. Guiding N toward S 4. Warmed milk gauging 1 liter was then embedded into the supply. . The engine was turned on when milk was embedded and was determined to the least speed setting by modifying the speed setting handle. 6. As the engine speed was consistent, the tap of the store containing milk was then discharged and the stopwatch was begun. 7. Segments at light and overwhelming fluid stages were then gathered from the applicable spouts, cream and skimmed milk separately. 8. The stopwatch was turned off when the milk repository was unfilled and the time taken was noted. 9. The engine of the rotator was permitted to run till the progression of skimmed milk and cream was stopped. 10. The bits of skimmed milk and cream got through their relative stages were then estimated and afterward the yield was determined. 11. The throughput of the material was then decided in liters every hour at its separate speed setting. 12. The stages 2 to 12 were continued utilizing second clump of warmed milk, with the main distinction being the time setting. The entire procedure was completed by working the engine on the most elevated speed setting. 13. The above procedure was trailed by putting the enormous bowl underneath the spouts and by flushing the axis utilizing cold water just to clear the washings in the rotator. 4. Directly after the procedure the entire hardware was disassembled including the stores spouts, gathering pipe and so on. The parts were then washed utilizing high temp water with somewhat cleanser. 15. The cream and skimmed milk from each speed setting (I. e. Fast setting and low speed setting) were then exposed to tactile properties assessment. * Result:- * comin g up next were the outcomes acquired :- 1. The outcomes for 0. 1 % skimmed milk at low speed setting were * Fat:- 00. 07% * And the outcomes for same item at fast setting were * Fat:- 00. 03% * 2. The outcomes for 2 % semi skimmed milk at low speed setting were * Fat:- 1. 60 % * The outcomes for 2 % semi skimmed milk at rapid setting were * Fat:- 1. 64% * 3. The outcomes for 4% Whole milk at low speed setting were * Fat:- 6. 56% * The outcomes for 4% Whole milk at High speed setting were * Fat:- 7. 25% * Discussion:- * 1. Standards of the activity of Disk-bowl Centrifuge. * Brennan (2006) states that the Disk bowl axis takes a shot at the standard of molecule thickness. Feed is presented through the base of the bowl. As it accompanies the contact of the outward power, the thick stage moves drawback while the lighter stage goes through the top spout. * 2. Various Categories of cream accessible to the buyer and their lawful least fat substance? * Sheila (2006) referenced in an article that classes of cream accessible are * Single cream †18 % least fat substance * Double cream †48% least fat substance * Half cream †12% least fat substance * Whipping Cream †35% least fat substance * Creme fraiche †30% least fat substance * Soured cream †18% least fat substance * Clotted cream †55% least fat substance. 3. Classes of cream created in the Practical? * Type of cream created in the pragmatic was single cream * 4. Reason for Cream screw? * The thickness of the cream can be balanced by the assistance of the cream screw. Cream screw assists with catching the cream and causes the cream to let out. * 5. For what reason is the milk warmed first? * De (1991) clarified that, hig her the temperature and degree during disturbance the more prominent is the loss of skimmed milk and the other way around. At the point when the milk is warmed and fomented, the unsettling procedure causes size decrease of greater fat globules into littler ones. Because of which they get away from the impact of divergent power, prompting prohibition of fat misfortune in the skimmed milk. To decrease creaming. * Conclusion:- * Cream was effectively isolated from the milk utilizing Disk bowl rotator. The cream was additionally tried for its tactile properties, and the tangible properties of the cream were seen as engaging. * References:- * J. G. Brennan (2006). â€Å"Food Processing Handbook†. Wiley-Vch. * Sheila (2006). â€Å"Cream Final Edition†. The Times, London, UK. * Sukumar De (1991). â€Å"Outlines of Dairy Technology†. Oxford University Press. Instructions to refer to Cream Seperation, Essay models

Can you make a topic for me Assignment Example | Topics and Well Written Essays - 1000 words

Would you be able to make a theme for me - Assignment Example For instance, ladies are customarily accepted to take female occupations like office works, instructing, secretary, and so on. In this way, if a lady shows enthusiasm for manly employments like going into the military, or working in building locales as overwhelming hardware administrators, she is pretty much decided as lesbian. Conventional convictions are unavoidable in practically all parts of people’s lives. The issue is, as these conventional convictions profoundly infiltrates and sits serenely into people’s sub-cognizance starting with one age then onto the next age, they are hard to dispose of, and they hurt people’s lives on the grounds that to violate customary convictions isn't simple, rather it is anguishing. One specific model is the conventional conviction that minorities individuals who wed outside of their shading abhor their way of life, values as well as themselves. In the event that this is along these lines, is the issue we might want to think about in our story beneath. In any case, before we recount to the story, let us initially characterize what self-loathing is. Self-loathing is characterized as â€Å"an outrageous aversion of oneself, one’s action†¦ or one’s own race†¦Ã¢â‚¬  (Absolute Astronomy.com 2009, standard. 3). â€Å"Self-scorn isn't a bad dream from which one abruptly stirs. It is a war of steady loss against a negative mental self portrait that requires nothing not exactly a total cross examination of one’s center suppositions and values† (Lewis 2004, 7). Regardless of whether self-loathing is culture based, its impact is mental. What's more, â€Å"of the numerous mental issue tormenting obvious minorities, none is more unforgiving than self-hatred†¦ [because] not at all like the cheat who cries hunger, or the attacker incitement, the self-hater has no response since he will not admit to his condition† (Ibid). Things being what they are, is wedding somebody not having a place with your own race an indication of self-loathing? Let us see from this story once advised to me†¦ Lolita is an alum of Business Administration from one of the private colleges in Manila, the capital city of

LLB - UNIT 3 TORT 1 Essay Example | Topics and Well Written Essays - 500 words

LLB - UNIT 3 TORT 1 - Essay Example Infringement of total right doesn't require the harm to be demonstrated and it noteworthy in essence, Ashby v. White4. The idea of Damnum5 and Injuria6 according to convoluted obligation clarifies the genuine centrality of lawful harms. Damnum and Injuria are interrelated and decides act noteworthy or not significant. These two variables have cozy relationship with convoluted risk. The connection between these two terms is clarified in the two adages I) Injuria sine damno and ii) damnum sine (or obsque) injuria. Injuria sine damno: There are two torts one is significant per se7 and the other is noteworthy just on confirmation of harm. Each individual has a flat out right to invulnerability of his individual, to his property, and to his freedom. Encroachment of this privilege is significant in essence. In the event of injuria sine damno an individual whose rights are encroached has reason for activity despite the fact that there is no genuine misfortune or harm. Ashby v. White4 For this situation a legitimately qualified vote of an individual was rejected noxiously causing injuria, yet the individual for whom casted a ballot was chosen, causing no misfortune, held it is noteworthy applying the adage injuria sine damno. Damnum sine injuria: In damnum sine injuria, where there is a genuine and generous misfortune (Damnum) without encroachment of legitimate right (Injuria) no activity leis. In a suit for harms dependent on a tort the offended party can't succeed just on the ground of harm except if he shows that the harm was brought about by infringement of his lawful right. Coming up next are the cases of Damnum sine injuria: Interference of permeating water:- A landowner and plant proprietor who had for around six years delighted in the utilization of a stream, which was primarily provided by permeating underground water, lost the utilization of the stream after an abutting proprietor burrowed on his own ground a broad well to gracefully water to the occupants of the area. In

A Brief Description of the Main Cause of the Korean War - 275 Words

A Brief Description of the Main Cause of the Korean War (Essay Sample) Content: The Primary Cause of the Korean WarName:Institution:The Primary Cause of the Korean WarThe culmination of World War Two meant peace to America as well as to the rest of the world but not to Koreans who had been under the colonial influence of Japan until the end of Second World War when Japan fell (Han, 2011). The Korean War lasted only for a short time yet it was one of the bloodiest wars with over five million casualties where America alone lost around thirty seven thousand soldiers. There must have been a primary cause to this deadly war as discussed herein.The primary cause of the Korean War was the capitalists and communists interest in Asia. After Japan lost her control over Korea the Koreans wanted to be independent (Han, 2011). Therefore, there was need for elections in order to form Korean government. United Nations was to oversee the elections. However, there seemed to be incitement in the Northern Korea from the communist states. The north did not participa te in the elections and instead they declared war against the South Korea.This was a move by the U.S.S.R. in efforts to extend communism. On the other hand America wanted to roll back communism and establish democracy (Han, 2011). Therefore, these disagreements were eventually to lead to the Korean War with the major states taking sides. The two superpowers sought to reign in the ...

The Animal Welfare Institute Is An Organization - 1519 Words

Introduction: I remembered how throughout my life I respected and admired people that tried to help animals in need. I remembered how I felt when I saw first-hand the result of abuse. I remembered how I wanted to help those poor animals that were being treated so cruelly. And for all that I remembered, I decided that the Animal Welfare Institute (AWI) was the interest group I felt strongly for and chose to research. Animals are a big part of many people’s lives. They provide companionship; they provide daily assistance to those that have deficits and are having difficulty functioning in their daily life; they provide security and help keep a watchful eye on things, plus so much more. And yet, with all that animals do for us, there are those that are treated with such little regard, care, and cruelty. They are unable to speak for themselves and therefore, they need a voice to speak for them. Mission: The Animal Welfare Institute is an organization that provides a voice for animals in pain. Since its founding in 1951, AWI has sought to alleviate the suffering inflicted on animals by people. In the organization s early years, our particular emphasis was on the desperate needs of animals used for experimentation. In the decades that followed, we expanded the scope of our work to address many other areas of animal suffering. We seek better treatment of animals everywhere - in the laboratory, on the farm, in commerce, at home, and in the wild. At present, there are severalShow MoreRelatedAnimal Experimentation At University College London1685 Words   |  7 PagesI. Introduction a. Attention getter device: This is a picture of a kitten that was forced to undergo animal experimentation However, this is only one of the 11 at University College London that had part of its skull removed for a three-day round of experiments. 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A New Union Agreement And How Does It Affect Employees,...

What is a new union agreement, and how does it affect employees; and company management that is currently under the control of the labor union? Well, a new union agreement is that of an understanding between two parties, which come to an agreeable compromise that will benefit all parties involved; called collective bargaining. It’s a process of two groups coming together and finding a way to resolve issues there facing, while reaching a mutual written agreement; without barriers. â€Å"During preparation for negotiation, both sides are likely to attempt to define three critical points; which are the maximum limit, expectations; and the desired results of items being negotiated† (DeNisi Griffin, 2014, pp, 256-257). One example is in this†¦show more content†¦Ã¢â‚¬Å"Because sometimes a long history of acrimonious relationships between management and labor makes it difficult for two sides to negotiate in good faith† (DeNisi Griffin, 2014, pp, 259). Additio nally, when these parties come face to face sometimes their distrust in one another can cause havoc, then the start pointing finger to one another; which in turn will cause them to re-think any proposal put on the table. Remember, negotiation can be a complicated process, especially if inept negotiators are in control; also if proper communication isn’t factored into the agreement between both parties. That’s why if any side of the parties choose to have someone speak out on the behalf, they must be knowledgeable in all areas; otherwise it can cause difficulties to settle in. Then as a result if both parties still cannot come to a reasonable commendations, or that of a new contract agreement to replace the existing one; then they may want to assume it as being impasse. While this new agreement might be very beneficial for the management team to become successful once again, it may not be such a good alternative to the union or it members; for they might just consider it being impasse. Once an impasse has been determined, either party can then move forward by taking things into their own hands; by simply doing away with the impasse or dismissing it. By just taking the appropriate steps to overcome any differences between the two negotiating parties; by listening to

The Global Foundation of Independent Audit - MyAssignmenthelp.com

Question: Discuss about The Global Foundation of Independent Audit. Answer: Introduction: The relevant evaluation of auditing standard is mainly conducted in the assignment, where ASA701 Communicating Key Audit Matters in the Independent Auditors Report is been evaluated for TPG Telecom Limited. The relevant annual report of TPG Telecom Limiteddoes not comply with the ASA 701 standard, where the independent auditor report does not hold any kind of Key Audit Matter. The relevant assessment of risk from material misstatement or significant risk in accordance with ASA 315 is also evaluated for TPG Telecom Limited. This evaluation could directly help in detecting the measures that needs to be conducted by the company in its financial report for allowing the investor to understand the relevant misstatement. The Communication of Key Audit Matters was mainly conducted in annual report of the organisation after the commencement of financial crisis, as companies were not disclosing all the relevant data in their annual report. With the implementation of Key Audit Matter companies were mainly forced by accounting standard to follow the regulation for reducing the occurrence of next financial crisis. Moreover, companies are mainly responsible for disclosing the explanatory materials in key audit report in the independent auditors report. This disclosure is mainly conducted according to the standard mentioned in ASA 701, which could depict actual financial condition to its stakeholders. Analysis: The relevant analysis of the annual report could mainly help in detecting the material misstatement, which could increase problems of the organisation. After the passing of financial crises, authorities mainly detected problems in financial report of organisation, where all the relevant disclosure was not conducted by companies. This relevant problem in disclosure mainly led to the implementation of ASA 701, which is a disclosure measure that needs to be communicated in the annual report. Therefore, relevant disclosure of Key Audit Matters needs to be disclosed by the company in their annual report. The evaluation of the annual report of TPG Telecom Limited also helps in detecting signification risk with ASA 315, which could affect its operations. Arens, Elder and Beasley (2014) mentioned that with the help of material misstatement relevant evaluation of the problems, which could incur in future can be estimated. Moreover, from the evaluation of annual report any kind of problems hin dering activities of the company can be estimated, which might allow the investors in detecting problems of the organisation. On the other hand, Basu (2016) criticises that non-disclosure of material misstatement could eventually increase the unethical measures of the organisation. The evaluation of annual report of TPG Telecom Limited could eventually help in depicting high risk if material misstatement in accordance with ASA 315 are conducted as follows. Assessed areas of high risk of material misstatement: After the evaluation of TPG Telecom Limited annual report no relevant Key Audit Matter (KAM) is communicated by the company to its shareholders. This relevantly reduces compliance of the organisation with the ASA 701 in disclosing all relevant matters. The evaluation of annual report mainly helps in depicting the disclosure, which is been conducted by the company. This could eventually help in stating the problems faced by the organisation, where the director and independent auditor depicts that there is no material misstatement in annual report of the organisation. The company is not following with the overall ASA 701, which mainly reduces viability of the annual report depicted by the organisation. The relevant disclosure of Key Audit Matter (KAM) is also not being depicted in the annual report of the organisation. This mainly indicate the lack of Auditing standard ASA 315 conducted by the company and the auditor. Furthermore, the use of ASA 315 could allow investors of TPG Telecom Limited to identify the risk of material statement present in the organisation. Accounting policies adopted by the company mainly helps in depicting the actual financial posit on of the organisation. However, the non-representation of Key Audit Matters in the annual report of TPG Telecom Limited mainly indicates the noncompliance of ASA 701 conducted by the organisation. Moreover, there has been high profile scandals conducted by companies where auditors have unethically represented financial strength of the company, which directly questions creditability of the independent auditors report without Key Audit Report. The auditors of TPG Telecom need to understand the business risk, where identification of material misstatement is essential to be conducted. The business environment risk, firms operation risk, business entity risk and other forms of risk needs to be evaluated by auditors before evaluating the audit procedure. The evaluation of approach used by organisation, such as top down approach could also increase the chance of material misstatement, as employe es have no say in the decisions conducted by organisation. Therefore, understanding the business risk, which could convert into audit risk needs to be evaluated by the organisation. Cao, Chychyla and Stewart (2015) stated that auditors need to evaluate all the business process of the organisation to understand the actual risk, which could arise material misstatement. The use of ASA 701 was mainly implemented after the completion of financial crisis, which was started in 2007. The crisis mainly allowed audit Assurance board to detect unethical measures conducted by organization and independent audit companies while formulating the financial report. This unethical measure in preparing the financial report as mainly portrayed wrong financial strength of the organization, which increased share value and allowed companies to retain more capital from the market. However, during the financial crisis all the companies using unethical measure mainly collapsed and no buyers were present for their shares. This directly declined financial stability of the capital market and economy of various countries all around the world. Hence, it could be understood that the implementation of ASA 701 is mainly a measure taken by the audit Assurance board for reducing any kind of unethical ways used by organizations. Chandler (2014) stated that companies used their debts as income in their financial report to hide their insolvency condition from investors. The ASA 701 was mainly a measure for stopping the company to use unethical measures in preparing their annual report and increase transparency in portraying their actual financial condition. Significant risk identified in accordance with ASA: In addition, to the non-representation of Key Audit Matters the company has no material misstatement, which was identified by the independent audit report. However, according to the audit standard ASA 315 conducted by auditing and assurance standard board, auditors with the standard will be able to recognisees risk of material misstatement present in companys financial books. Moreover, the ASA ruling states that auditors need to evaluate business environment, internal control, and external risk, which could arise material misstatement of the organisation. ASA 315 directly indicates that auditors need to use the guideline depicted in paragraphs from A9 t A11 and A27 to A30. This could directly help auditors in identifying the material misstatement, which could increase audit risk. This relevant evaluation could also allow the auditors in detecting frauds, which could be conducted by companies in inflating their balance sheet. In this context, Cohen and Simnett (2014) mentioned that au ditors due to the measures depicted in ASA standard are able to detect frauds, which could be conducted by companies in preparing their annual report. On the other hand, Earley et al. (2016) argued that independent auditors are influenced by management to use unethical measures in their audit report for inflating financial performance of the company. However, the current financial report of TPG Telecom Limited does not comply with the ASA 315 standard, as there is no material misstatement that is identified by auditors. In addition, the auditors need to follow ASA 315 paragraph A105 to A108, which enables them to identify risk of material misstatement that is present within operations of the organisation. Moreover, the evaluation could also help in asserting different levels of diverse transaction classes while detecting performance of audit process. The auditors are mainly able to detect financial risks, while analysing financial report of the organisation to detect material misstatement hindering their financial stability. Hay, Knechel and Willekens (2014) stated that auditors by implementing audit procedures are able to detect financial viability of companys annual report. Research- extent and application: The TPG Telecom Limited annual report does not comply with ASA standard, which is needed by every organization. This noncompliance of preparing the key audit matters could directly increase audit risk of the organization. This relevant audit risk could be identified with the help of audit procedures, which needs to be followed by auditors. The Railways procedures needs to be followed by auditors to evaluate and analyze risk involved in operations of the organization. Firstly, the identification of risk pertaining business objectives portrayed in the financial report needs to be evaluated by the auditor. This evaluation could eventually help in identifying the material misstatement, which could depict wrong financial statement of the organization. Secondly the auditors need to approximate the importance of risk to the management of the company, who needs to comply with regulations laid down by Audit Assurance Board. In addition, the likelihood of occurrence of certain risk needs to be identified by auditors which might increase material misstatement in future of the organization (Junior, Best and Cotter 2014). Furthermore, relevant activities conducted by the organization needs to be evaluated for identifying any kind of risk pertaining from those actions. Areas in financial report that needs significant management judgement: There are different levels of internal control that needs to be conducted by organizations for reducing the risk from material misstatement. In addition,evaluation of internal control for specific entity needs to be conducted by the independent auditors for detecting the chance of material the statement. according to ASA 315 A36to A41, relevant understanding of industry divisions and risk involved in operations of the organization needs to be evaluated by the auditor's. This evaluation could eventually help in detecting the external factors, which could be applicable on the formation of financial report. The understanding of internal control needs to be conducted by auditors for adequately completing the audit procedure. This could eventually allow the auditor to understand the complex internal control, which is being conducted by the organization for completing its operations. Furthermore,majority of the internal controls evaluated by the auditors needs to comply with the process of financial reporting, as detection of material misstatement is the major priority for the auditor. According to ASA 315 paragraph A42 to A65, professional judgement of the assessor regarding specific control could be conducted by the auditor for singling out controls, which could have material misstatement. In this context, Kinney (2015) stated that auditors by evaluating annual report and operations of the company are able to detect any kind of risk, which could lead to material misstatement in the financial report. The audit process conducted by the auditor's needs to comprehend in the control environment in which operations of the organization is being conducted. this evaluation could eventually help auditors to understand the overall activities conducted by the administration within the organization. this evaluation could eventually lead to a detection of any kind of material misstatement present within the Governance of the organization. Moreover, this could also help in detecting the culture of honesty as well as ethical behavior present within the organization employees and Management. this overall detection could eventually help in detecting material misstatement present within the operations of the organization. Therefore, auditors need to evaluate external and internal control of TPG Telecom Limited for identify any kind of material misstatement, which could be present in its operations. However, both directors and independent auditors of the firm has depicted no material misstatement p resence in operations of the company (Knechel and Salterio 2016). In addition, the detection material misstatement could evaluate the actual financial position of the company. therefore, from the identified material misstatement the auditors could portray the actual financial position of the company to the stakeholders. These material misstatements can be shown directly in key audit matters section of the annual report, which could in turn increase viability of their annual report. The effect of significant events and transactions occurred during the period: The evaluation of significant events and transactions that has been conducted by the company during the fiscal year also needs to be evaluated by auditors. This evaluation could eventually allow the auditors to detect any kind of strange activities or risk which might increase the chance of material misstatement. Currently, TPG Telecom Limited directly provides all the relevant information regarding their activities in the annual report. Therefore, different impact of the event and transactions occurred during the period can be evaluated by auditors. Different accounting standards such as ISA 260 could also be violated by the organization,issues regarding internal audit procedures might eventually rise. As depicted by Louwers et al. (2015), companies following all the relevant accounting standards are able to portray actual financial position to the stakeholders, which depicts the honesty of the organization in conducting their operations. Moreover, the evaluation of significant even ts could allow the auditors to identify any kind of risk involved in both internal and external factors of the organization. Moreover, the internal and external process could also be evaluated by the auditor during the period. this kind of detection of different types of risk identified from operations could eventually allow the auditors to understand material misstatement of the organization. on the contrary, Messier, Glover and Prawitt (2014)argued that companies use the independent auditor's report as a cover for hiding all the relevant unethical measures conducted during the fiscal year. Recommendation and conclusion: From the evaluation of all the relevant ASA standard such as ASA 701, ASA 315 and ISA 260, companies are needed to portray their actual financial position in the annual report. Companies that are not providing key audit matters in the annual report could eventually increase suspicion of the investors regarding their activities. Hence, TPG Telecom Limited needs to prepare key audit matters in their annual report to identify any kind of material misstatement a present in its operation. The disclosure needs to be conducted by the organization in the annual report to the investors, which could help in portraying the actual financial position of the company. Therefore, it is essential for TPG Telecom Limited to adopt ASA 701 and ASA 315 in its operations for complying with the Audit and Assurance Board. The company also needs to acquire an experience auditor or an audit company, which could depict actual financial position of the organization. This selection of the auditor is essential, a s they need to know all the relevant standards and regulations which needs to complete their actual financial report. Thus, the company need to prepare financial report where all the relevant accounting standards are depicted and addressed according to the regulation. Lastly, all the relevant transactions conducted by the company during the fiscal year needs to be evaluated by the auditor for detecting the material misstatement present within operations of the organization. this detection of material misstatement could eventually allow the auditor to convey the message in key audit matters of the organization. This transfer of information from the auditors to the investors could eventually help them understand the actual financial position of the organization while making a relevant investment decision. Reference and Bibliography: Arens, A.A., Elder, R.J. and Beasley, M.S., 2014. Edisi 15.Auditing and Assurance Services: An Integrated Approach. England: Pearson Education Limited. Arens, A.A., Elder, R.J., Beasley, M.S. and Jones, J., 2015.Auditing: The Art and Science of Assurance Engagements. Pearson Canada. Basu, S.K., 2016.Auditing Assurance. Pearson Education India. Cao, M., Chychyla, R. and Stewart, T., 2015. Big Data analytics in financial statement audits.Accounting Horizons,29(2), pp.423-429. Chandler, R., 2014. Auditing and assurance.London School of Economics. London. Cohen, J.R. and Simnett, R., 2014. CSR and assurance services: A research agenda.Auditing: A Journal of Practice Theory,34(1), pp.59-74. Earley, C.E., Hooks, K.L., Joe, J.R., Polinski, P.W., Rezaee, Z., Roush, P.B., Sanderson, K.A. and Wu, Y.J., 2016. The Auditing Standards Committee of the Auditing Section of the American Accounting Association's Response to the International Auditing and Assurance Standard's Board's Invitation to Comment: Enhancing Audit Quality in the Public Interest.Current Issues in Auditing,11(1), pp.C1-C25. Gist, W.E., Anderson, U.L., Janvrin, D.J. and Pitman, M.K., 2015. Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the IESBA ED Release (August 14, 2014), Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client: Participating Committee Members.Current Issues in Auditing,9(1), pp.C18-C22. Hay, D., Knechel, W.R. and Willekens, M. eds., 2014.The Routledge companion to auditing. Routledge. Junior, R.M., Best, P.J. and Cotter, J., 2014. Sustainability reporting and assurance: A historical analysis on a world-wide phenomenon.Journal of Business Ethics,120(1), pp.1-11. Kinney Jr, W.R., 2015. GAAS 1963-2012: The Global Foundation of Independent Audits and Research in Auditing. Knechel, W.R. and Salterio, S.E., 2016.Auditing: Assurance and risk. Taylor Francis. Louwers, T.J., Ramsay, R.J., Sinason, D.H., Strawser, J.R. and Thibodeau, J.C., 2015.Auditing assurance services. McGraw-Hill Education. Messier, W.F., Glover, S.M. and Prawitt, D.F., 2014. Auditing and Assurance Services: A Systematic Approach; Diterjemah oleh Denies Priantinah, Linda Kusumaning Wedari, 2014.Salemba Empat. Jakarta. Moroney, R. and Trotman, K.T., 2016. Differences in Auditors' Materiality Assessments When Auditing Financial Statements and Sustainability Reports.Contemporary Accounting Research,33(2), pp.551-575. Segal, M., 2017. ISA 701: Key Audit Matters-An exploration of the rationale and possible unintended consequences in a South African.Journal of Economic and Financial Sciences,10(2), pp.376-391. Simnett, R., Carson, E. and Vanstraelen, A., 2016. International Archival Auditing and Assurance Research: Trends, Methodological Issues, and Opportunities.Auditing: A Journal of Practice Theory,35(3), pp.1-32. Simnett, R., Zhou, S. and Hoang, H., 2016. Assurance and other credibility enhancing mechanisms for integrated reporting. InIntegrated Reporting(pp. 269-286). Palgrave Macmillan UK. Sinclair, R., Sinclair, R., Cordery, C.J. and Cordery, C.J., 2016. Bridging the gap between academia and standard setters.Pacific Accounting Review,28(2), pp.135-152. William Jr, M., Glover, S. and Prawitt, D., 2016.Auditing and assurance services: A systematic approach. McGraw-Hill Education.

Keeping Things Whole Essays - Fiction, Narration, Narratology

Keeping Things Whole Although it's not a lengthy poem, the few words and their layout in "Keeping Things Whole" certainly possess great significance. This poem is centered on the idea that the narrator's life is lacking purpose. In exploring the meaning of his existence, he determined that his reason for living was to keep moving so that people's lives were only temporarily interrupted. Strand's technique of splitting up his sentences helps emphasize certain phrases and ideas. When I read poetry I naturally pause for a brief second at the end of each line to allow the words to sink in, therefore taking an extra moment to realize what the author is saying. With each line in this poem only a few words long, there is a higher pause-to-word ratio, which allows for more thought for each idea the first time you read through it. Strand splits up the sentences in places where he is trying to convey more meaning, with the hope that the reader will pause and contemplate what was just read. His stanzas are concluded when he wants more attention placed on his current idea. The narrator's viewpoint towards life in this poem is quite different from how most people see it. Where he writes, "In a field / I am the absence / of field." (ll. 1-3) instead of acknowledging his existence as something, he regards it as a lack of something. This negativity towards himself is what the entire poem is focused on. He uses the idea that when his body enters an area the parts of that area are momentarily interrupted and are forced around him, just waiting to return back to normal once he leaves: "When I walk / I part the air / and always / the air moves in / to fill the spaces / where my body's been." (ll. 8-13) The "air" in that line symbolizes the existence of other people around him, and the narrator sees himself as a nuisance to those people, always being in the way. He is saying that whenever he enters into a location with a bunch of people, those people see him as a bother and simply as something that they must put up with for a little while. They can't wait for the narrator to leave so that they don't have to put up with him anymore and can therefore return to what they were doing. The last stanza explains the narrator's reason for "moving," or in other words living: "I move / to keep things whole." (ll. 16 & 17) He understands that he must keep moving and going on with his life even though he is interrupting the existence and paths of others. When I read those last two lines I felt a sense of saddened acceptance of life in the narrator's speech. Since he concluded that his existence was unnecessary and bothersome, the only way he can continue in his monotonous life is by continually moving around, so that he disturbs everyone's lives equally and doesn't become too much of a bother in one place. With that mindset, the narrator believes that his absence is what keeps things whole.

Free Essays on The Lottery

The Lottery: Foreshadowing Every June twenty-seventh the villagers in the small town gather in the square for the annual â€Å"lottery†. The children usually arrive first. They play and gather stones in preparation for the drawing. The husbands and fathers are the next to gather. They tell jokes, but â€Å"they smiled rather than laughed.† The men do not seem to be as excited as the children are. When finally the women arrive, the families form into their respective groups and they wait for Mr. Summers- the lottery official- to commence the drawings. There are volunteers to hold "box" from which the â€Å"heads of the families† draw the slips. One-by-one the papers are withdrawn from the customary box by chosen heads of the families. As instructed by Mr. Summers, no one is allowed to view the slips until all the paper pieces have been removed. They are called up in alphabetical order until every family is represented by a slip of paper. Once the drawing has finished they are allowed to look at their paper slips to see who receives entrance into the next round of the lottery. On this day in the story, the one who holds the fateful slip of paper is Bill Hutchinson. With the next round, each of his family members is asked to draw their own piece of paper from the black box. The three children are the first to draw. Little Dave chooses a slip, then Nancy and Bill Jr. is the last of the children. Tessie Hutchinson- Bill’s wife- is the fourth to draw, with Bill being last of the family members to receive his fate. One at a time the pieces of paper are opened to reveal each person’s secret. The crowd voices their relief as the children’s papers show them to be out of prize contention. Bill then opens his slip to find that, he too, will not be able to claim the lottery winnings. Tessie’s paper is opened last, to reveal that she is the winner. She has the â€Å"black dot† on her slip, which had been... Free Essays on The Lottery Free Essays on The Lottery Every society has endless sides to it, which some people may consider certain actions morally wrong while others view them simply as a part of every day life. Shirley Jackson uses many successful techniques to bring her story, The Lottery, to a height of excitement and confusion as the names were drawn to a state of silence or anger when the stones are thrown. Shirley Jackson uses symbolism, diction, and characterization and to show the utmost power ritual has on society. Shirley Jackson implants many examples of symbolism throughout her story The Lottery. She chose them for a purpose or reason in order to pick your mind and make you stop and think about what happened and more importantly why it happened. The first thing mentioned is the date and time of year. June 27th which just happens to be a week after the summer solstice (Windows). It is described as a â€Å"clear and sunny, with the fresh warmth of a full-summer day† (Jackson). The setting could not have been a better time of the year for a happily town meeting then a bright, cheerful, yet calm summer day. As the town gathers, a three-legged stool is brought up and placed in front of the entire village and an old black wooden box is placed on it (Jackson). The three-legged stool symbolizes instability most likely among the villagers. A stool with two legs will not stand up, and a stool with four legs is going to be the strongest, so a three-legged stool is right in between, not quite sturdy yet not utterly useless. The black box set on this tipsy stool symbolizes death in most ways (Protas). The box is described as â€Å"black but splintered badly along one side to show the original wood color†¦[and] made with some pieces of the box that had preceded it† (Jackson). Death is one of the main things in life that is sure to happen at one time or another and having it placed directly in front of the villagers in a old, black, wooden box symbolizes it is going to happen t... Free Essays on The Lottery The damaging effects of blind adherence and religious hypocrisy are just two of the many reoccurring themes mentioned throughout the following literary pieces: â€Å"The Lottery,† â€Å"On The Road,† â€Å"A Good Man Is Hard To Find,† â€Å"Young Goodman Brown,† and â€Å"A Very Old Man With Enormous Wings.† This following paper will support its thesis through the interpretations and perspectives of, â€Å"The Lottery,† by Shirley Jackson, shows the damaging effects of blind adherence. In the infamous short story, an unexamined ritual has been taking place longer than living has been alive. This ritual is the stoning of one randomly selected person from town on the 27th of June. This small town continues to enact this ritual though it is considered barbaric in modern times. To understand the present you must know the past. The original purpose of the lottery was to sacrifice to the god of the harvest. â€Å"Lottery in June, corn be heavy soon,† as Old Man Warner said.(Jackson 852) However, the question at hand is, Is the ritual still necessary? According to the introduction to the story, â€Å"The flowers were blossoming profusely and the grass was richly green.†(Jackson 849) Clearly there is no need for a human sacrifice, it seems that Mother Nature is ensuring a good crop for that year. The harverst god need not be appeased.... Free Essays on The Lottery The Lottery: Foreshadowing Every June twenty-seventh the villagers in the small town gather in the square for the annual â€Å"lottery†. The children usually arrive first. They play and gather stones in preparation for the drawing. The husbands and fathers are the next to gather. They tell jokes, but â€Å"they smiled rather than laughed.† The men do not seem to be as excited as the children are. When finally the women arrive, the families form into their respective groups and they wait for Mr. Summers- the lottery official- to commence the drawings. There are volunteers to hold "box" from which the â€Å"heads of the families† draw the slips. One-by-one the papers are withdrawn from the customary box by chosen heads of the families. As instructed by Mr. Summers, no one is allowed to view the slips until all the paper pieces have been removed. They are called up in alphabetical order until every family is represented by a slip of paper. Once the drawing has finished they are allowed to look at their paper slips to see who receives entrance into the next round of the lottery. On this day in the story, the one who holds the fateful slip of paper is Bill Hutchinson. With the next round, each of his family members is asked to draw their own piece of paper from the black box. The three children are the first to draw. Little Dave chooses a slip, then Nancy and Bill Jr. is the last of the children. Tessie Hutchinson- Bill’s wife- is the fourth to draw, with Bill being last of the family members to receive his fate. One at a time the pieces of paper are opened to reveal each person’s secret. The crowd voices their relief as the children’s papers show them to be out of prize contention. Bill then opens his slip to find that, he too, will not be able to claim the lottery winnings. Tessie’s paper is opened last, to reveal that she is the winner. She has the â€Å"black dot† on her slip, which had been... Free Essays on The Lottery â€Å"The Lottery† For my analysis essay I have chosen to write about on of the characters in the short story â€Å"The Lottery†. â€Å"The Lottery† is a short fictional story by Shirley Jackson. The character I have chosen to write about is Mrs. Tessie Hutchinson. Mrs. Hutchinson stood out for me in this particular story, and I chose to write about her because from the moment she was intro to the story I knew she was going to die. I guess from reading the statement â€Å"I knew she was going to die† you would be thinking that she is a victim in this story. I thought the same thing at first but the more into the story I got the more it became apparent that it was completely the opposite. The more I read the more I tried to understand this small village and all of its traditions. It seems as thought the whole village is a victim to me though, because they loose valuable members of the community each year and they don’t think this is a problem. The character Mrs. Hutchinson sounds like a flat stereotypical female small town villager. The kind you picture in your head when you think about small villages wearing flower dresses and baking apple pies. As the women of the village are being described to the reader, the image of several women standing around wearing the same long flowered dresses with knitted sweaters with different color combinations comes to mind. â€Å"The women, wearing faded house dresses and sweaters, came after their men folk†. The character is reveled in untimely fashion and by this I do not mean into the story, but she is the only person to arrive late to the village square. When I read that Mrs. Hutchinson was late it reminded me of an old saying that my mother would say to me when I would show up late. â€Å"You are going to be late for you own funeral†. I find this quite ironic for Mrs. Hutchinson for although she doesn’t yet know it she is late for her own funeral. I also find it interesti... Free Essays on The Lottery A Close Encounter with Shirley Jackson’s â€Å"The Lottery† â€Å"The Lottery† by Shirley Jackson is a story in which the setting sets up the reader to think of positive outcomes. This description of the setting foreshadows exactly the opposite of what is to come. From the beggining Jackson takes great pains to present her short story as a folk story. Slowly, it dawns on us, the terrible outcome of what she describes. The theme learned at the end of the story leads us to think of where the sanity of human beings lies. In addition, the most important conflict is betweeen subject matter and the way the story is told. From the very first sentence of the story, â€Å"The morning of June 27th was clear and sunny, with the fresh warmth......† We are given the feeling of a rural world. Shirley Jackson tells the reader what time of day (10:00) and what time of year (â€Å"summer†) the story takes place. This is important to get the reader to focus on what a typical day it is in a small town. She also describes that â€Å"School was recently over for the summer†, letting the reader infer that the time of year is early summer. The beauty of the day and the brilliance of nature is stressed by â€Å"clear and sunny,with fresh warmth....flowers were blooming profusely and the grass was richly green.† This provides the positive outlook and lets the reader relax into what seems a comfortable setting for the story. The description of the people and their actions is very typical. Children play happily, women gossip, and men casually talk about farming. Everyone is coming together for what looks enjoyable, festive, even a celebratory occasion. However, the pleasant description of the setting creates a facade within the story. The setting covers the ritualistic and brutally, violent traditions such as the later stoning of Ms. Hutchinson, who dared to defy tradition. The immediate conflict is the passions of the townspeople who gath... Free Essays on The Lottery â€Å"The Lottery† The story of â€Å"The Lottery† is a story that is filled with a lot of misconceptions and a misunderstood tradition. â€Å"The Lottery† is a story that takes place in a small foreign town on a warm and sunny day, you will see further down in the paper the significance of the weather. This story expresses a lot of controversial ideas and conflicts that make many people think and reevaluate their culture. It also brings us to realize that there are still many cultures that still use barbarous, ignorant, outdated traditions that have no significant meaning. The theme of â€Å"The Lottery† is focused around the relevance of some cultures and their traditions. In this story there are three main focuses that the author focuses on, they were ignorance, symbolism, and irony. One of the most distinct characteristics of this story is the ignorance; it is based around a very ignorant and outdated tradition. One of the more ignorant things that take place in this story is the stoning of a human for a sacrifice. The most ignorant thing in the story of â€Å"The Lottery† is the fact that they want to stop it, but they continue on to do it because of tradition. In some cases like this one tradition is not important enough to sacrifice a human life for something that has nothing to do with what it is being done for. The story of the â€Å"The Lottery† contains a great deal of symbolism there are a lot of simple things in the story that mean more than they appear to. One of the most important things in the story of â€Å"The Lottery† is the box that contains all of the slips of paper for the lottery. This box represents the tradition of the lottery; there is no significant reason for using the box besides tradition. Another example of symbolism in the story of â€Å"The Lottery† is the significance of Old Man Warner. Old Man Warner represents wisdom and the tradition of the lottery. He is the only one in the town who real... Free Essays on The Lottery The story of â€Å"The Lottery† is a story that is filled with Shirley Jackson’s view of her society. â€Å"The Lottery† is a story that takes place in a small foreign town on a warm and sunny day; you will see further down in the paper the significance of the weather. The story was used to express many controversial ideas and conflicts that can make people think about the culture that they are currently living in. Freidman notes that one of the most interesting points of this story is that the village is a typical society that any modern person could live in, â€Å"Jackson’s story portrays an â€Å"average† New England village with â€Å"average† citizens.† This points out that there could be things like this going on around us with out people even thinking that there is something wrong with it. It also brings us to realize that there are still many cultures around us that are barbaric and use outdated traditions. The theme of â€Å"The Lottery† is focused around the traditions that all people have and re-examining where those traditions come from. In this story there are three main focuses that Jackson has, they are ignorance, symbolism, and irony. One of the largest tools that Jackson uses in this story is ignorance; it is based around a very ignorant and outdated tradition. In one of Raglands critiques she states, â€Å"The Lottery is a story of mediaeval customs and how misplaced they are with in modern society.† One of the most rediculous points in the story is when you realize that they are stoning a human for a sacrifice. The most ignorant thing in the story of â€Å"The Lottery† is the fact that everyone in the town wants to stop the stoning, but nobody will do it because it is a tradition. In some cases, especially like this one, tradition is not important enough to sacrifice a human life. â€Å"The underlying current of evil would have to be the actual barbarism inherent of the lottery itself,† Ragland states. Ragla... Free Essays on The Lottery â€Å"The Lottery† Shirley Jackson wrote â€Å"The Lottery† in 1948, not long after the Second World War. The horror of the Holocaust was still fresh in everyone’s minds. Jackson wrote this story to remind everyone that we are not so far from this world of sadistic human sacrifice. She created a town, very much like any American town, with the gathering of the towns people to celebrate some annual event. She wanted to shine a mirror on contemporary society, a reflection of humanity, or rather, inhumanity. One would think that she was protesting against the shallow hypocrites that rule the world. The town sets up this lottery in a very practical way; there were several things that were a part of the ritual that the town allowed to fade from practice. But the town still saw it necessary to stone a citizen to death once a year just because that was the way it was always done. Shirley Jackson wanted the world to try and find another way, to break away from traditions and be more humane human beings. Once the heads of household have drawn, everyone looks at the slip of paper in their hands and at the same time everyone is praying that it is not their family. Once again the family members draw and each one is praying it is not they, at the same time they know that they are about to lose a loved one. Everyone has felt these same feelings. A friend loses her husband or child and we say a little prayer of thanks to what ever power each of us believes in , thank goodness it was not me. When Tessie Hutchinson realizes that her family has been chosen she says, ‘ I tell you it was n’t fair. You didn’t give him time enough to choose. Everybody saw that.†(233) â€Å"The Lottery† makes one feel guilty for desiring one’s own survival. It reminds us to listen to new ideas, especially ideas that break unnecessary traditions. The world should embrace those that live their lives in a fashion that does not reflect society’s idea take les... Free Essays on The Lottery Symbolism The Lottery In Shirley Jackson’s â€Å"The Lottery,† set in a small fictional town on June 27, the townspeople gather to conduct a lottery. At the end of the drawing, one of the townspeople will be dead. The symbols chosen to use are Old Man Warner, the black box, and the stones. Old Man Warner is the oldest man in the town and he states in the story, â€Å"seventy-seventh year I been in the lottery†; he is the only person to survive the lottery for seventy-seven years. We can look at Old Man Warner as a legend in that town for surviving so many lotteries. He has been in the lottery so long that he can tell how the lottery and the townspeople have changed, from the first time he was in it; he says â€Å"It’s not the way it used to be† and â€Å"People ain’t the way they used to be†. The black box symbolizes ritual and tradition. The ritual is the sacrifice for the crops each year; the townspeople believe that if they do not make this sacrifice there will not be any crops to harvest for this season. The tradition is that this is an ongoing event, which takes place every year in this small town. The townspeople are accustomed to the tradition that has taken place for as long as they have lived there. Also, I think that the tradition may be getting old and worn out because of the condition that the black box is in, and how it travels from house to house each year. The stones symbolize man’s inhumanity to man because this shows how man can take it upon himself to portray God for as simple as belief that is pointless and is only in the mind. The children set the stones aside to be thrown at the one person that wins the dreaded lottery that every one is so anxious to play. The stones also symbolize death because the townspeople would hurdle stones at the lotto’s winner. Further more, in Shirley Jackson’s â€Å"The Lottery,† there are many symbols in the story.... Free Essays on The Lottery Shirley Jackson’s â€Å"The Lottery†, raises many questions in the back of a reader’s mind towards the destructive yet blind rituals of mankind. â€Å"The Lottery† clearly expresses Jackson’s feelings concerning mankind’s evil nature hiding behind traditions and rituals. She shows how coldness and lack of compassion in people can exhibit in situations regarding tradition and values. Jackson presents the theme of the short story with the use of symbols and setting. The setting of â€Å"The Lottery† supports the theme. Settings are constructed to help build the mood and foreshadow things to come. In the lottery though, the setting foreshadows exactly the opposite of what is to come. The story begins with a description of a seemingly cheerful environment. Jackson creates a comfortable atmosphere by describing the activities of the residents of the town. She describes children breaking into â€Å"boisterous play and their talk still of th e classroom† (310). Men and women are gathered in the center of the town talking about farming and taxes or into gossip. The date of the story is June twenty-seventh which Helen E. Nebeker states in American Literature, has â€Å"symbolic overtones which alerts us to the season of the summer solstice with all its overtones of ancient ritual† (102). Jackson’s description of the setting supports the theme of the story by showing how mankind is capable of cruel acts regardless of their environment. Symbolism in the story also supports the theme of â€Å"The Lottery†. The very names of the characters in the story are laden with meaning. The names of Summers, Graves, Warner, Delacroix and Hutchinson hint at the true nature of the characters. Mrs. Delacroix’s name means of the cross in Latin; therefore hinting at Tessie’s sacrificial killing. Even tough Mrs. Delacroix seems to be a friend to Mrs. Hutchinson it is she who is shown to pick up the lar gest rock and promotes other people to stone Tessie. Mr. S... Free Essays on The Lottery When I think of a lottery, I picture someone swimming in a pool of money, throwing the bills into the air, just to have the joy of watching them float back down to their side. I thought that’s where this story was going, because that's how the author sets it up. But even before the tragic end to this story, I started to pick up on some unusual things. First of all, I found the town way too skittish and rather uneasy. I know that I would be nervous for a lottery too, but not to the extent where I feel sick over it. That’s the kind of feeling that I got for the town. â€Å"...most of them were quiet, wetting their lips, not looking around.† This quote makes me pictures a mob of people standing around the black box and Mr. Summers. All of them trying not to make eye contact, staring at their shoes, praying they get to live another year. I went back over this story and read it twice, the second time I highlighted all of the things that I found unusual or interesting. If you look at my paper, almost half of every page is highlighted. Something I noticed was that the women would refer to their husbands as their ‘old man’. I wasn’t quite sure why they did that, but then I thought about the entire story. These people have been growing up in this village for probably their whole lives and each year they take the chance, live or die. If these are grown men in their thirties, forties and fifties, that's quite a long time if there’s a chance that you maybe picked to die in the next year. Old Man Warner was only 77 years old and he was the oldest man in the village. That isn’t even close to what people normally live too. When you’ve got this lottery going on, of course it’s amazing for someone to live 77 years and never get picked especially if there are only 300 people in the town. At first I thought that this town and all of the other towns that participate in the lottery had no real value for life. But ... Free Essays on The Lottery The Lottery In "The Lottery," Shirley Jackson uses symbolism to make us aware of the pointless nature of humanity regarding tradition and violence. The story starts off on a beautiful summer day in a small town. The author describes the day as very excited but strikes a contrast between the atmosphere of the town and the atmosphere of the people gathered in the square. The atmosphere is serious, where the children are "gathered around quietly." (335) The black box is the central theme or idea in the story. It symbolizes at first some type of mystery, but as we read the ending we realize that it is synonymous with death. Someone's fate lies in an dull object, the black box. We do not always enjoy change, even if it might prove beneficial to us. The box is symbolic of our dislike of change; it is old and splintered (337) showing that we cling to what is familiar rather than change and it also symbolizes the traditions of the community. No one in the little town questions the origin of the black bo x, but accepts it as part of their lives. The lottery itself is symbolic of the absurdity of the human consciousness between compassion on one hand and the thirst for violence and cruelty on the other. An example of this is when the children are enjoying a break from school, (335) playing and being children, and suddenly they are being joined by rational adults in stoning a mother to death. It appears that tradition has blinded these people in an irrational way, making them unable to think of a reason why this possibly should not be happening. When forced with the possibility of death, human nature in all its complexity, comes down to one instinctive urge, that of survival. When Tessie was in no danger she was gossiping with the other ladies and even encouraged her husband to go and pick a piece of paper. (338) When Tessie wins the lottery; she pleads for another chance and screams for mercy. She demands that her daughters take their chances a... Free Essays on The Lottery The most common problem with adaptation between literature and film versions is that many of the books many significant assets are lost within the story as a mundane detail. Shirley Jackson’s The Lottery written in 1948 was a very well written piece of work that was very dependent on its characters to set the tone of the story. The director of the film version of The Lottery, filmed in the nineteen sixties, also used the characters to place the overall tone of the film. The director of the film, however, accomplished an astounding feat of keeping the integrity of the literature intact, and furthermore, adding additional life to the characters. The use of facial gestures, body movements, and voices added a life to Shirley Jackson’s story that did not speak falsely of the work, but made the overall situation more true to life. For example, in Jackson’s version of the story she presents Tessie, a wife and seemingly very pleasant woman. â€Å"I almost forgot what day it was† (Jackson 461). As the reader it is unclear as to Tessie’s indications of her comment. One could assume that the character is being sincere in her speaking, but just the same the reader can be lead to assume that Tessie was merely joking around and is very eager about the events that are about to take place. The director of the movie, however, took this scene from the short story and visualized and vocalized the importance of this characters moment with speech and facial gestures. Tessie enters the scene and says, â€Å"I almost forgot what day it was† (Movie). The visualization of Tessie speaking shows that she is vibrantly smiling and looking forward to playing the lottery. The visual interpretation is more efficient because this scene is critical to show an important development in Tessie’s character portrayed later in the story. Tessie’s character change is very important to the story because it shows her true feeling towards the lottery, and ... Free Essays on The Lottery Shirley Jackson’s â€Å"The Lottery† is a rebellious attempt to persuade America that our traditions are being carried on by thoughtless, ignorant men. Jackson tried to symbolize men as being the carriers of death and the women as the martyrs. Jackson places the setting of the story in a very peaceful, small town. She described the day as, â€Å"...clear and sunny, with the fresh warmth of a full summer day; the flowers were blossoming profusely and the grass was richly green (Pg. 83-84).† This gives the reader a sense that everything is perfect in the â€Å"everybody knows everybody† type of town. It’s the typical American town. It’s essentially ideal. The man that she tries to portray as the ignorant man the most is Old Man Warner. Warner has been around the small town for quite some time. He holds firm in his idea that tradition should be strictly followed and never forgotten. Jackson forces the reader to only look at the fact that Warner is just a stubborn, narrowminded man. He criticizes other towns for dropping the lottery, saying that the citizens are â€Å"....a pack of crazy fools (Pg. 87).† Old Man Warner isn’t even happy with the way that the lottery is being run at the present time. He says, â€Å"It’s not the way it used to be, people aren’t the way they used to be (Pg. 87).† Even though the town is carrying on with the brutal tradition in a more modern approach, he still isn’t satisfied. This still doesn’t stop him from proceeding with the stoning. To the reader, he is nothing more than a stubborn man.Jackson doesn’t stop at Warner. There are many other men in th e story with names that have symbolic meaning towards death and doom. Mr. Graves is a prime example of a male citizen in the town with a bit of authority. He is one of the two men that arrange and proceed with the ceremony. His name, Graves, screams death and darkness. The name itself gives the reader a bit of an unconscious thought that Graves... Free Essays on The Lottery â€Å"The Lottery† begins happily â€Å"clear and sunny, with (the) fresh warmth of a full-summer day; the flowers were blossoming profusely and the grass was richly green† (255). The grass is describe as â€Å"richly green† and that â€Å"the flowers were blooming profusely† (255). These descriptions of the surroundings give the reader a nice feeling and nothing wrong with this unique town. It also pulls the unwary reader into a comfortable position by making the reader feel as if its going to be a story with a pleasant plot and happy ending. Since when one thinks ‘Lottery’ one thinks ‘lots of money’, but the reader is in store for an unexpected surprise full of changing setting, symbolism, tradition, and terrible acts. The setting in the beginning of â€Å"The Lottery† creates peacefulness and tranquility; it creates an image in the mind of a typical town on a normal summer day and what time of the year the story takes place. The villagers are a seemingly ordinary people in an ordinary American town. Pleasant, friendly, and simple, the men talk about â€Å"tractors and taxes† (255) while the boys run around piling up stones. The time of day is obviously set in the morning and the time of year is early summer. There is also mention that school has just recently let out for summer break, which of course allows the children to run around at that time of day. The location of the town square is put into perspective, â€Å"between the post office and the bank† (255). This picture for the reader shows what a small town this is, since everything is in the center or near the center of the town square. This is a key point because the town square is the location for the remaining part of the story. The town square is an important location for the setting since the ending of the story takes place here. The comfortable atmosphere remains while the residents of the town are introduced. First the children are described as assembling an... Free Essays on The Lottery The lottery begins happily: clear and sunny, with [the] fresh warmth of a full- summer day; the flowers were blossoming profusely and the grass was richly green" (Jackson 1948: 674). Such a beginning lures the unwary reader into a comfortable lull. The villagers are ordinary people in an ordinary town. Pleasant, friendly and simple, the men talk about ,,tractors and taxes"(ebd.) while the boys run around piling up stones. It begins as the perfect day to be alive. The setting set forth by Shirley Jackson in the beginning of ,,The Lottery" creates a mood of peacefulness and tranquillity. This setting creates an image in the mind of the reader of a typical town on a normal summer day. With the very first words Jackson begins to establish her plot`s environment. To begin, she tells the reader what time of day and what time of year the story takes place. This is important to get the reader to focus on what a typical day it is in this small town. The time of day is set in the morning and the time of year is early summer. She also mentions that school has just recently let out for summer break, which of course allows the children to run around at that time of day. The town is one of any normal rural community. Furthermore, she describes the grass as ,,richly green" and that ,,the flowers were blooming profusely"(ebd.). These descriptions of the surroundings give the reader a serene felling about the town. Also, this makes the reader feel comfortable about it as if there was nothing wrong in this quaint town. Jackson puts in perspective the location of the square ,,between the post office and the bank" (ebd.). This visualizes for the reader what a small town this is, since everything seems to be centralized at or near the town square. This is also key in that the town square is the location for the remaining part of the story. The town square is an important location for the setting since the ending of the story will take place there. ...

Literature Review Essay Example | Topics and Well Written Essays - 1000 words

Literature Review - Essay Example History is replete with such instances including the Arab-Israeli war of 1948-1949 and the Balkan Crisis which ended in the breaking up of former Yugoslavia into Croat, Serb, and Bosnian states. The problem with the brokered peace in such wars is that multi-lateral agreements stem from frivolous motives. The author argues that the UN would be better off assisting the strong overcome the weak for lasting peace. Instead the peace making efforts only add to the continuity of the war by encouraging the weaker forces to remain as refugees and make for potential outbreaks of hostility, as is seen in Rwanda. The UN peace keeping forces are usually ineffective in ensuring a lasting peace through the proper use of force and the usual outcome of UN and non-governmental organizations (NGOs) peace keeping efforts is the creation of refugee nations, as is the case with Palestinians living in scattered refugee camps in the Middle-East. It is in these refugee camps that resentment of their plight and the respite provided by the peace keeping efforts that lengthens the conflict. There should be the political will not to unnecessarily intervene in wars. Powerful nations like the United States of America should discourage multi-lateral efforts to bring about peace. New rules should be created to ensure that refugee relief by the UN does not allow the creation of refugee camps, but instead repatriation, local absorption, and emigration should be encouraged to prevent any permanency of the refugee camps. These measures may seem perverse but in keeping with the paradoxical logic that wars bring peace. The strength of this article lies in its highlighting of the ineffectiveness of the peace making efforts by the UN and international bodies, whereby there is hardly any resolution the war remain, but instead it creates permanency to the presence of conflict in a

Chinas Economy and Environmental Issues Term Paper

Chinas Economy and Environmental Issues - Term Paper Example The Chinese economic transformation has mainly been dependent on the gross domestic product (GDP). As the development has continuously been achieved, various social conflicts have been emerging requiring urgent intervention to be solved. The first challenge is on institutional innovation; a good example is the transformation from planned to modern market economy. The second one is economic development where the success reaped should simultaneously be reflected in the social aspect. From researches conducted, the economy of china has been dependent on cash inflows, input of natural resources and cheap labor. This has had negative effects on the economy, and society as is reflected through income inequality, environmental degradation, and social injustice. The importance of the environment to all living things cannot be neglected; in fact, the main reason for its degradation is too much exploitation and industrial activities. The industrial activities in china have been on the increase. This has constantly polluted the environment through smoke, noise, and industrial wastes. Using current technology, some of these challenges have been addressed although not effectively. Modern machine used in china produces less noise and smoke. Despite this, the fact that the number of industries is high, the overall negative impact is high. In addition, greenhouse gasses and Sulphur-dioxide particulates from reliance on coal leads to the country receiving acid rain. The acid rains adversely affect trees at high elevation due to being exposed to acidic clouds and fog, which usually has high levels of acid than the rain. When the rain waters seeps into the soil, it dissolves some of the nutrients required by the trees for their survival. Why the past successful export?led growth model cannot continue Past successful export-led growth ended during the1990s, when Chinese cities underwent a rapid economic transition due to the phenomenon of rapidly growing low income and poor groups. The transitions also affected the social security that had existed for a long period in relation to employment, housing, education, income, and pension. The reforms made the transitional gap continue expanding resulting to growth in the urban low income and a population with high levels of poverty. There was a significant variance with in the scale of urban poor, in the middle of 1990, and according to a study conducted by National Bureau of Statistic, there were poverty incidences rate for urban population and household ranging from 4.4% to 3.84% in the year 1995 (Meng, 557). Moreover, the urban poverty line was setting per capita annual income of 1500, which was based on the calculations of urban absolute poverty in families and populati on ranging from 12.42 and 3.33 million (Chen and Fleisher, 141). According to Development Bank, in 2002 there was a report that indicated the incidence rate of urban poverty in China in 1998 amounted to 4.7% and with the inclusion of the immigrants; the rate would reach 7.4% by 1999. The incidence of urban poverty rate in 2000 in thirteen cities was identified to be higher ten percent than higher, compared to 1995, as it was indicated by a sample survey conducted on the same cites (Chen and Fleisher, 141). The increase in the population lay off, unemployed, migrated from rural areas, dropped out, or retired is contributing to the diversification of the urban

Gender Roles in The Thin Man Essay Example for Free

Gender Roles in The Thin Man Essay The period of the 1930s was an offshoot of the â€Å"roaring twenties† or the â€Å"jazz age†, a time when women gained a heightened sense of prominence in the society after the First World War saw young men leaving their homes and their work in response to the nation’s call to arms (Freedman, 1974, p. 374). Towards the end of the war and at the beginning of the 1930s, women became more in control of their liberty, proof of which is their newly recognized right to suffrage (Murphy, 1996, p. 52). They became regular members of the social workforce, thereby giving them a renewed sense of control over their lives. The â€Å"flapper†Ã¢â‚¬â€young women who defied the norms of what a conservative woman is by engaging in casual sex and wearing short skirts, among others—took the center stage, so to speak. As for men, such circumstances only brought them closer to the temptation of pleasing the opposite sex. This is clearly portrayed in the 1934 film The Thin Man. In the film, Nick Charles and his wife Nora represent the life of married couples whose lives are characterized primarily by the attitudes of the social elites—fun meant enjoying martinis and sleuthing. In a way, the couple captures the gender roles of each partner during the 1930s. Nora was a wealthy heiress who had almost everything at her disposal. She was beautiful and seemed to have a passion for adventure owing largely to her living a life of liberty. She was the 1930s woman who saw life as the ultimate provider of adventure in all its daring forms. Nick was a handsome man and a retired private detective who previously investigated and solved murders. He was the 1930s man who was deeply entrenched with his passion for resolving issues no matter what it takes, much to the amusement of the female partner. In fact, Nora was more than delighted upon knowing that Nick accepted the task of investigating the disappearance of his friend Clyde Wynant and the death of Clyde’s former girlfriend, Julia Wolfe. It leaves little room to speculate that Nora was indeed the typical 1930s woman who seized her liberty as if it would never run out, putting her self to risky situations together with her man. She portrayed the woman who embraced the â€Å"flapper† culture with open arms, spending her time drinking alcohol or romantically engaging her partner. While she remained supportive of Nick like a female partner might usually commit herself into, she was on her own a liberal minded individual. For the most part, Nick played the role of the adventurous husband which perfectly complements Nora’s interest in the same. He was someone who lived every danger with such boldness. He was someone who sought the pleasure of his spouse—from accepting her request for him to take the case to completely allowing her to partake in his drinking sessions—no matter what the cost may be. It goes to show that Nick was a man who shared entirely similar interests with his spouse and will gladly fulfill whatever it is that will make his woman happy. It was his role to please his woman. On the other hand, it was the woman’s role to act is if she was herself a man, fully absorbed in exactly the same interests as the husband’s. Here we see the approximate gender roles prevalent during the 1930s. Men and women had more similarities than differences as far as their inclinations are concerned. To a certain degree, there was no â€Å"woman†. Woman drank, dressed and acted in an unconventional so that they may be desired by the opposite sex, and actively participated in fairly dangerous tasks. Her liberty stood at the very core of her character and this made her more appealing to every man. Towards the end of the film, Nick gives in to the implied gesture of Nora to spend the night together in the same bed. The scene is revealing insofar as it gives rise to the idea that women exerted a certain influence or power over men especially when it comes to passionate affairs. The 1930s woman had too much liberty, in fact, that she can do anything she pleases and become pleased in the end. Nevertheless, the 1930s man still had a lot to do with her sources of pleasure. References Dyke, W. S. V. (Director). (1934). The Thin Man. United States: MGM. Freedman, E. B. (1974). The New Woman: Changing Views of Women in the 1920s. The Journal of American History, 61(2), 372-393. Murphy, M. (1996). ‘ And All That Jazz’: Changing Manners and Morals after World War I. Montana: The Magazine of Western History, 46(4), 50-63.

art history :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  In the American wing of the Allentown art museum is a small painting that hits really close to home. It is called the View on the Lehigh River above Mauch Chunk. This is a genre scene that shows a small homestead in the foreground of a landscape of the Lehigh River. It was painted in 1862. View on the Lehigh River shows what life may have been like living along the Lehigh during that time. Critics have said his work â€Å"looks as European as it does American† (Gstavus1).   Ã‚  Ã‚  Ã‚  Ã‚  Down the hall in the European wing a painting by Aert van der Neer called River Landscape by Moonlight. It is a small dark painting that is so faint in contrasting colors that the viewer must get very close to it and squint in order to make out all of the objects in the scene. As the title suggests the painting depicts a river landscape, not common for the time. However, in his depiction the river is only visible as the light from the moon is reflecting off of it. The painting is undated, as are most of his works. It’s estimated that van der Neer was born between 1603 and 1604 and it is known that he died in 1677. Analyzing and comparing the two pieces, the viewer can recognize many similarities with in the two. The differences are evidently due to the amount of time that had elapsed between when the two painting were completed.   Ã‚  Ã‚  Ã‚  Ã‚   When the viewer approaches River Landscape by Moonlight by a Dutch artist during the Baroque period, the first impression is made by the artist’s use of light. It is not uncommon to wonder where the faint light is coming from. A closer inspection will reveal that it is the moon peaking out of the cloud filled sky. The moonbeam’s shimmering light directs the viewer down the river, the reflection silhouettes two late night fishermen in the foreground. The river appears to be the brightest as it fades into the horizon underneath by the moon giving the painting great depth. The rivers contours are outlining by the moonlight reflecting off the water, illuminating the river banks ever so faintly. Moving into the shadows on the near bank of the river is a small house; its window pane catches the moonlight and sends it to the viewer. The space hidden in the shadows that contain the house and the wooden are behind it have

Is Foreign Debt a Problem for Bangladesh?

Is Foreign Debt a Problem for Bangladesh? Part-A Foreign debt in Bangladesh Introduction: External debt is one of the sources of financing capital formation in any economy. Developing countries like Bangladesh are characterized by inadequate internal capital formation due to the vicious circle of low productivity, low income, and low savings. Therefore, this situation calls for technical, managerial, and financial support from Western countries to bridge the resource gap. On the other hand, external debt acts as a major constraint to capital formation in developing nations.The burden and dynamics of external debt show that they do not contribute significantly to financing economic development in developing countries. In most cases, debt accumulates because of the servicing requirements and the principal itself. In view of the above, external debt becomes a self-perpetuating mechanism of poverty aggravation, work over-exploitation, and a constraint on development in developing economi es. Public borrowing can be seen by private investors as a warning signal of the government becoming bankrupt within the foreseeable future.They may also fear that government will impose higher taxes in future in order to facilitate the repayment and servicing of the loan. In that case private investors will become less enthusiastic to invest. However, policy makers have to know whether public borrowing is followed by any crowding- out effect on investment, through whatever channel, and to what extent and whether the detrimental effect of such actions outweighs the benefit coming from the use of borrowed money, as is argued by the classical. What is public debt?Public debt is the entry records of cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign e xchange earnings. Government debt is one method of financing government operations, but it is not the only method. Governments can also create money to monetize their debts, thereby removing the need to pay interest.But this practice simply reduces government interest costs rather than truly canceling government debt and can result in hyperinflation if used unsparingly. Governments usually borrow by issuing securities, government bonds and bills. Less creditworthy countries sometimes borrow directly from a supranational organization (e. g. the World Bank) or international financial institutions. Sources of public debt: A. Internal Sources. I. Borrowing from individual by issuing govt bond, notes, etc II. Borrowing from commercial bank III. Borrowing from central bankIV. Borrowing from nan-bank Financial institution B. External Sources I. Foreign Government II. Foreign private institution III. International financial institution like IMF, WB etc. Why Bangladesh economy is dependent o n Public debt? To utilize natural resources Economic development Financing deficit budget Strong social and economic structure Crucial economic contingencies Implement annual development Program Import financing Implementation of fiscal policy To strong national defense Modernization of agriculture Facilitate quick industrialization.Factors Which Influence How Much a Government Can Borrow †¢ Domestic Savings. If consumers have a high savings ratio, there will be a greater ability for the private sector to buy bonds. †¢ Relative Interest rates. If government bonds pay a relatively high interest rate compared to other investments, then ceteris paribus, it should be easier for the government to borrow. Sometimes, the government can borrow large amounts, even with low interest rates because government bonds are seen as more attractive than other investments. †¢ Lender of Last Resort.If a country has a Central Bank willing to buy bonds in case of a liquidity shortages, inv estors are less likely to fear a liquidity shortage. If there is no lender of last resort (e. g. in the Euro) then markets have a greater fear of liquidity shortages and so are more reluctant to buy bonds. †¢ Prospects for Economic Growth. If one country faces prospect of recession, then tax revenues will fall, the debt to GDP ratio will rise. Markets will be much more reluctant to buy bonds. If there is forecast for higher growth. This will make it much easier to reduce debt to GDP ratios.The irony is that cutting government spending to reduce deficits, can lead to lower economic growth and increase debt to GDP ratios. †¢ Confidence and Security. Usually, governments are seen as a safe investment. Many governments have never defaulted on debt payments so people are willing to buy bonds because at least they are safe. However, if investors feel a government is too stretched and could default, then it will be more difficult to borrow. †¢ Foreign Purchase. A country lik e the US attracts substantial foreign buyers for its debt (Japan, China, UK).This foreign demand makes it easier for government to borrow. However, if investors feared a country could experience inflation and a rapid devaluation, foreigners would not want to hold securities in that country. †¢ Inflation. Financing the debt by increasing the money supply is risky because of the inflationary effect. Inflation reduces the real value of the government debt, but, that means people will be less willing to hold government bonds. Inflation will require higher interest rates to attract people to keep bonds.In theory, the government can print money to reduce the real value of debt; but existing savers will lose out. If the government creates inflation, it will be more difficult to attract savings in the future. Is foreign debt a problem to Bangladesh? Excessive reliance on debt, whether domestic or external, carries macroeconomic risks that can hinder economic and social development. Cou ntries macro-economic is thus disturbed by this factor alone. Scarcity of resources has already compelled the government to borrow afresh and/or impose new taxes on the citizenry to meet debt service obligations.High domestic public debt pushes up interest rates and crowds out private investment, which is much needed to promote economic growth. When most government revenues are devoted to debt servicing, fiscal policy cannot be used to provide basic services, such as education, health, safe drinking water and housing. Unfortunately, the national budget — annual statement of the government’s income and expenditure — does not recognize the gravity of the situation characterized by its serious problem to finance the external debt servicing at the cost of basic human services.Every year Bangladesh pays, on an average $ 1070 million, to its foreign creditors. A 2003 study (SUPRO: 2003) exclusively revealed the fact that for every dollar in foreign grant aid received, the government spends over $1. 5 in debt service to foreign creditors annually. While there is no denying that Bangladesh is heavily dependent on foreign aid and loans to finance its annual budget, it is also true that aid agencies and multilateral lenders in the West have to carry a lion’s share of the blame for Bangladesh’s burden of debt. Between 1980 and 2012, Bangladesh’s total outstanding international debt quadrupled.The bulk of this surge in lending to the autocratic regimes came from the International Development Association, the soft-loan window of the World Bank. Can the World Bank and the IMF morally impose the burden of this debt on the Bangladeshi people, when in fact that money provided valuable succor to an autocratic regime that the people were struggling to topple at the time? How sustainable Bangladesh Debt is? Bangladesh is classified as a low-income country and is home to the third highest absolute number of poor people in the world, after China and India.Despite the huge amounts it spends servicing debt ($1551. 3 million in 2011), the World Bank describes it neither as ‘severely’ nor even ‘moderately’ indebted, but instead classifies Bangladesh as ‘less indebted’. Instead of rewarding Bangladesh for its track record of prompt debt servicing, the World Bank has interpreted this to mean that Bangladesh’s debt must be sustainable. Arbitrary thresholds on indicators like debt/exports made Bangladesh ineligible for the Heavily Indebted Poor Countries (HIPC) initiative or the Multilateral Debt Relief Initiative.Bangladesh will not receive through either of these initiatives the debt relief that it desperately needs to finance public expenditures on school and hospitals among other basic necessities. One of the Bangladeshi development experts remarked that- â€Å"Bangladesh has regularly paid its debts, expanded exports and are now being punished for its success† (Bhattac harya: 2006). The whole argument is that, since these countries are able to repay they must have â€Å"sustainable† levels of debt.The sustainability of debt is primarily measured on the economic matrix called Debt Sustainable Analysis (DSA) introduced by the World Bank and IMF, which lays too much emphasis on the country’s exports and does not fully reflect the true nature of the debt burden on government expenses. How can Bangladesh’s debt be sustainable especially when it pays back on an average $1070 million to its foreign creditors in general and $870 million to its so-called benevolent development partners (multi-lateral and bi-lateral donors) annually?For a poor country like Bangladesh, would it be realistic to calculate ‘debt sustainability’ without looking at how much money it spends on schools, hospitals and roads, on teachers, medicines, clean water and on everything else that is needed to combat the dire poverty blighting so many lives? If a country cannot afford to meet the basic needs of its own people, then how can one argue that giving money to the rich world is affordable or â€Å"sustainable†? How can its debt be sustainable when the cost of external debt servicing exceeds the public spending on health and education, for example?In what criteria, the Bangladesh external debt can be measured as sustainable when it clearly demonstrates that MDG progress is being seriously hampered due to the excesses of debt servicing? Presumably, the international community has left a single choice for Bangladesh: servicing external debt at the cost of basic services let alone the MDG progress! Why Bangladesh deserves full debt cancellation? Undeniably, Bangladesh cannot afford to pay on average $1060 million a year to foreign creditors.Even though the country is making some progress with regard to the implementation of the MDGs, it is still home to 70 million people living in poverty. It has the highest incidence of po verty in South-Asia. In fact, Bangladesh cannot afford to pay a single dollar in debt service. If debt sustainability is based on the financing needs for the MDGs, Bangladesh would receive full debt cancellation. Bangladesh needs US$ 7. 5 billion a year to finance the implementation of the MDGs. A growing number of NGOs, governments and analysts have come to the conclusion that debt cancellation should be expanded.As independent expert Bernards Mudho explained earlier this year (2007) in a report commissioned for the United Nations: â€Å"There†¦ is a need for further comprehensive solutions to the debt problems of poor countries, including further debt relief by other multilateral institutions and for permanent solutions to the problems of bilateral and commercial debts. Bangladesh Debt must be cancelled, because †¦ ? Debt costs too much to Bangladeshi people in general and poor and marginalized in particular. People need a healthy and prosperous life that requires incre ased government spending on basic services such as health, education, water-sanitation etc. ? Bangladesh needs to achieve the MDG targets in time. To finance the Millennium Development Goals, every year a staggering US7. 5 billion in external budget support is needed. This is about four times the amount of aid and concessional loans currently provided by foreign donors and creditors. ? At this juncture, Bangladesh can no longer afford to pay a single dollar for debt servicing. Because†¦.. Every dollar paid in debt service is a dollar lost for the MDGs†. Part-B Impact of Foreign debt on Bangladesh 1. Effects on Economic growth 2. Effects on NNP 3. Effects on Inflation 4. Effects on Investment 5. Effects on consumption 6. Effects on Production 7. Effects on Distribution 8. Effects on Risk, uncertainty, liquidity Part-C Statistical Analysis 1. Trend Analysis of Foreign Debt: Trend Analysis of External debt of last 10 years is given below Y=1714. 5+0. 8647x R? = 0. 9247 Appen dix Table 1 shows the summary of trend equation and r2 of External debt of Bangladesh.The trend equation of Foreign debt is, Y=1714. 5+0. 8647x and the square of correlation coefficient (r2) = . 9247. Interpretation: The trend equation indicates that during the period from 2003 to 2012 debt increase at the rate of . 8647 billion per year and 1714. 5 is the average external debt of Bangladesh. It is reflected from the table that trend equation of foreign debt are positive and goodness of fit of all the equations are very high. 2. Descriptive Analysis of Foreign Debt: Descriptive Statistical Analysis of External debt of last 10 years is given below: (All amounts are in billions) Descriptive Statistics | |N |Range |Minimum |Maximum |Mean |Std. Deviation |Variance |Skewness |Kurtosis | | |Statistic |Statistic |Statistic |Statistic |Statistic |Statistic |Statistic |Statistic |Std. Error |Statistic |Std. Error | |Foreign_Debt |11 |8. 7200 |16. 5000 |25. 2200 |2. 103273E1 |2. 9825127 |8. 8 95 |-. 169 |. 661 |-1. 108 |1. 279 | |Valid N (listwise) |11 | | | | | | | | | | | | Interpretation: This table provides statistical information about the data set, such as showing mean value of foreign debt individually and its deviation.For this information, for instance we found that minimum value of the variable is 16. 5bill, Maximum value is 25. 22billon, its mean 2. 103273e1 and Standard deviation is 2. 9825127. 3. Correlation Analysis: Table shows the correlation matrix for estimating interrelationships between chosen economic parameters of Bangladesh. Variables |GDP real Growth |Amount of Foreign Debt |Inflation rate |Investment Amount |Remittance Inflow |Import |Export Amount |Foreign Reserve | |GDP real Growth Rate |1 |. 635 |. 638 |. 748 |. 427 |. 457 |. 485 |. 352 | |Amount of Foreign Debt |. 35 |1 |. 819 |. 555 |. 919 |. 901 |. 920 |. 846 | |Inflation rate |. 638 |. 819 |1 |. 518 |. 686 |. 742 |. 763 |. 494 | |Investment Amount |. 748 |. 555 |. 518 |1 |. 406 |. 433 |. 4 68 |. 222 | |Remittance Inflow Amount |. 427 |. 919 |. 686 |. 406 |1 |. 915 |. 935 |. 920 | |Import Amount |. 457 |. 901 |. 742 |. 433 |. 915 |1 |. 994 |. 888 | |Export Amount |. 485 |. 920 |. 763 |. 468 |. 935 |. 994 |1 |. 885 | |Foreign Reserve Amount |. 352 |. 846 |. 494 |. 222 |. 920 |. 888 |. 885 |1 | | From the correlation matrix we have observed the followings; GDP real Growth has moderate correlation with foreign debt, inflation rate, investment and low degree of correlation with remittance, import, export and very low correlation with GDP per capita. †¢ Foreign debt has strong correlation with. †¢ Inflation rate have strong correlation with. †¢ Investment have strong correlation with. †¢ Remittance inflow has moderate correlation with †¢ Import has strong correlation with †¢ Export has low correlation with †¢ Foreign exchange Reserve has low correlation with Part-D Recommendation & Conclusion Recommendation: The international community inc luding the G-8 must take necessary steps immediately to ensure full Debt cancellation for Bangladesh; †¢ Debts must be cancelled as a matter of justice: creditors must accept their share of responsibility in creating the current debt crisis, and cancel debts on this basis; †¢ A â€Å"MDG-consistent† frame-work of Debt Sustainability should be applied and cancellation must be available to all that need it; †¢ The issue of Climate Change and its adverse effect must be taken into account and additional fund should be released to overcome the adversity linking it with MDG process; †¢ The governments of indebted countries must demonstrate to their citizens that they are spending money well and accountably.But this must not be used as an excuse to impose economic policy conditions or to limit those countries receiving debt cancellation by the donor community; †¢ Rich countries, institutions and commercial creditors must cancel all illegitimate and un-payabl e debts being claimed from all poor countries; †¢ Total Debt stocks must be cancelled, not just Service; debt service cancellation for a limited period is not enough. †¢ Debt cancellation of any kind must not be conditional and it must not be considered again as ODA Conclusion: The study has been conducted with a view to examining the presence of crowding- out effect of public borrowing on the private investment in the Bangladesh economy.To accomplish the task, a model for investment function has been specified and estimated considering public borrowing, GDP and interest rate as independent variables. A long -run relationship has been estimated and analyzed by performing unit root test, co – integration test and an error correction model. The main findings of the study confirm with statistical significance that there is no crowding- out effect in Bangladesh, rather, the crowding- in effect is evident. This result is indeed somewhat paradoxical in terms of convention al wisdom. The study has attempted to offer a rationale for this seemingly paradoxical finding from a macroeconomic point of view.In doing so, it has analyzed a couple of macroeconomic issues and ended up with the conclusion that the presence of crowding- in instead of crowding – out effect can be attributed to such factors as excess liquidity in the banking system, imperceptible government competition with the private sector, relatively sustainable public debt scenario, government expenditure for transfer payment program , significant development expenditure for producing those goods and services which has the potential to discharge positive externalities, government microcredit programs and ADP -black money linkages. The results of the study have important implications for the fiscal management.Existence of excess liquidity and possibility of crowding – in effect together put the fiscal authority in a position to foster private investment and hence economic growth th rough expanding borrowing backed public expenditure. However, the overall criteria that public expenditure authority ought to ensure is the transparency and efficiency in its programs. Moreover, government can avoid unnecessary inflation and external indebtedness by reducing reliance for funds on Bangladesh Bank and foreign sources as long as excess liquidity in the banking system prevails. In view of the perceived limitations inherent in this study, the following aspects may be taken up by future researchers: Decomposing private investment by category and taking each of them as separate dependent variable; †¢ Segregating borrowing by government itself and borrowing by other public sector corporations, and considering them as separate explanatory variables; †¢ Splitting public borrowing by sources (not only banks, NBDC or general public but also Bangladesh Bank and external sources) and taking all of them as explanatory variable s; †¢ Incorporating a dummy variable fo r capturing the issue of economic reform and structural variation between after and before 1990 periods; and †¢ Finally, if possible, carrying on the whole study on the basis of quarterly data to make the analytical framework parsimonious. [pic] ———————– 10