Remedies – Contracts Act 1950

Cures †¢ strategy by which a harmed party authorizes a privilege or adjusts a misfortune. It will rely upon the idea of break and the outcome will be contrast between parties. The cures accessible for break of agreement are: 1) RESCISSION †¢ An evenhanded cure accessible at the prudence of the adjudicator. It is accessible where an agreement is voidable because of a vitiating component, for example, deception, undue impact or coercion. It won't spread harms. Vehicle &Universal Credit v Cadwell Norris had paid ? 10 money store and left another vehicle as security and gave a check for ? 65 to Cadwell for Jaguar vehicle bought. The following day, Caldwell went to money the check and found it was deceitful and the vehicle forgot about as store went to be taken. The court held that Mr Caldwell had effectively cancelled the agreement. He had made all strides conceivable to exhibit that he no longer wished to be limited by the agreement. He ought not be partial by the way that his undertakings neglected to find Norris. 2) RESTITUTION †¢ It isn't authoritative and doesn't depend on offended party harms (semi contract). One gathering intentionally hosts got an advantage to which get-together isn't entitled.An course of action forced by judge to redress an event of out of line improvement. Sinclair v Brougham The general public got ruined, and the inquiry emerged how to split resources. When of the activity, the main live issue was between a portion of the â€Å"B† investors and the contributors in the bank, the situation of the â€Å"A† investors and exchange leasers having been settled by understanding. The court held that the bank’s activities had been ultra vires and void, and that there was no opportunities for the investors to recuperate under semi contract. 3) DAMAGES It is a lawful cure accessible for break of agreement. Harms are an honor of cash to remunerate the blameless party. The basic role of harms is to put the harm ed party in the position they would have been in had the agreement been performed. †¢ Types of Damages: There are essentially four general classes of harms: ? Compensatory (to take care of direct misfortunes and expenses). ? Significant (to cover circuitous and predictable misfortunes). ? Corrective (to rebuff and deflect bad behavior). ? Ostensible (to perceive bad behavior when no financial misfortune is appeared) An honor of harms is dependent upon the utilization of the guidelines on causation, remoteness and an obligation to alleviate misfortune. †¢ Provision : Section 74 and 75 CA Heng Hang Khim v Sineo Enterprise Sdn Bhd The court held that where the litigant neglected to convey empty ownership of an apartment suite unit before the three year time frame as specified in the S&P understanding. The offended party was qualified for a discount of the entirety paid which was pay for misfortune and harm brought about by break of agreement. Selva Kumar a/l Murugiah v Thiagarajah a/l Retnasamy The court held that there is no qualification between sold harm and penalties.In perspective on segment 75 which gives that for each situation the court must figure out what is the sensible pay. Any inability to demonstrate the harms will bring about refusal to grant such harms. †¢ Remoteness A petitioner may just recoup misfortunes which may sensibly be considered as emerging normally from the break or those which may sensibly should be in the examination of the gatherings at the time the agreement was made. Hadley v Baxendale Due to disregard of the Defendant, the driving rod was returned 7 days late to the plaintiff.The offended party unfit to utilize the plant during this time and asserted for loss of benefit. The Defendant contended that he was ignorant that the factory would need to be shut during the postponement and in this way the loss of benefit was excessively remote. The court held that Hadley would have been qualified for recoup lost benef its from the five additional days the plant was inoperable. In any case, the standard ought to be that the harms were those decently and sensibly considered to have emerged normally from the break itself, or, for example, might be sensibly expected to have been in the examination of the two players at the time the agreement was made. Moderation of Loss The law forces an obligation upon the individual asserting harms to find a way to decrease or relieve their misfortune. On the off chance that the offended party can keep away from misfortune, harms won't be recoverable for the potential misfortune that the offended party may have endured. Payzu v Sauders The court held that the petitioner was not qualified for harms. He was allowed the chance to buy at the limited cost however dismissed this. He was under an obligation to find a way to alleviate his misfortune. The offer was a sensible one and one which the inquirer could without much of a stretch have agreed to. ) SPECIFIC PERFORMAN CE It is an optional request conceded by the courts guiding an individual to do their commitments under agreement. It isn't commonly utilized in penetrate of agreement activities except if harms end up being lacking. At the point when the court can't direct the usage of agreement, it won't for the most part award explicit execution. Ryan v Mutual Tontine Westminster Chamber Association The lessor consented to give doorman who might be ‘constantly in attendance’ yet the watchman additionally fills in as a culinary specialist. In his nonappearance while functioning as culinary specialist, other individual will play out his duties.The issue was whether occupant could look for a request for explicit execution against the doorman that he completes his commitments. The court was not set up to arrange explicit execution since it would have needed to continually administer the porter’s participation. Lamare v Dixon The offended party prompted the litigant to consent to t ake a rent of basements by orally encouraging they would be made dry. The guarantee had no impact as a deception as it identified with what's to come. The court denied the offended party explicit execution since he had made no endeavor to play out his promise.Cohen v Roche The court declined the particular execution to a purchaser of a lot of Hepplewhite seats saying that they were ‘ordinary articles of trade and of no uncommon worth or intrigue'. The purchaser was contracting with a view to resale and for individual use. 5) INJUNCTION †¢ It is an optional court request. In contrast to explicit execution, this is a court request controlling a gathering from breaking their agreement or from submitting an unjust demonstration and won't be granted if harms are a sufficient cure. An order might be: ? Prohibitory †forestalling the penetrate of agreement. ? Obligatory †requiring an individual to play out some authoritative commitment. ? Interlocutory †where it fr eezes business as usual between the gatherings until the debate can be heard by court. Neoh Siew Eng and Anor v Too Chee Kwang (required model) The proprietor had cut the water gracefully. A directive was allowed requiring the proprietor to keep all correspondence pipes in legitimate fix with the goal that water flexibly to the premises would not be disconnected.Broome (Selangor) Rubber Plantations v R H Whitley (prohibitory model) An order was conceded limiting a representative from going into work as a supervisor or right hand of any ranch in the States of Selangor and Negeri Sembilan other than the home of his bosses until the expiry of his agreement of administration. This is proportionate to â€Å"the explicit execution by the court of that negative deal which the gatherings have made†. †¢ Mareva Injunction It forestalls the litigant evacuating or arranging any benefits in the purview until the court makes decision.Mareva Compania Naviera SA v International Bulk Car riers SA, The Mareva. The shipowner recruited out their boat (Mareva) to the litigant with half-month to month ahead of time. The respondent were just ready to meet the initial two portions, Mareva sued for harms and unpaid recruit. They additionally looked for an order to stop hirer expelling any monies got from the journey. The issue whether an order was possible to forestall the expulsion before judgment. The court held that an order was allowed to proceed until the question came to preliminary to keep the litigants from arranging any benefits. ) ANTON PILLER ORDER May be made accessible in remarkable conditions. It is aâ courtâ order that gives the option to look through premises and hold onto proof without earlier notice. This forestalls demolition of relevantâ evidence, especially in instances of supposed trademark, copyright or patent encroachments. Anton Piller v Manufacturing Processes Ltd The offended party was under the conviction that one of its operators was providin g secret data to one of their rivals. In any case, they are worried that summon would give plentiful time for the specialist to pulverize evidence.The issue was whether the organization could acquire a request empowering them to enter the agent’s premises to examine the reports. The court conceded the request as there was solid by all appearances instance of encroachment which could make harm candidate and clear proof that the litigants had implicating the material in their ownership which they could wreck. 7) QUANTUM MERUIT Quantum meruit implies â€Å"as much as he deserved†. It is the assurance of estimation of the administrations broadened dependent on the measure of work and the pace of work existing there for comparable work, when an understanding or agreement isn't existing between the parties.The agreement might be release by penetrate however where the agreement is for products and administrations, there is another inferred agreement forced by law on the gathe ring taking advantage that they will pay sensible measure of quantum. †¢ Can emerge where: ? A litigant has kept an offended party from completing their legally binding obligations. ? The gatherings can't concur on installment ? The gatherings concede to installment for the part-execution yet not the genuine sum. Sumpter v Hedges The petitioner consented to construct two houses and was concurred that ? 565 would be payable on completion.The inquirer done somewhat more than half employment and afterward came up short on cash an

Religious attacks Essay Example For Students

The global recession and workplace malfeasance Essay

The worldwide downturn and working environment impropriety - Essay Example nnot impact those with the chances to impropriety in working environment as they are attempting to keep up their business to decrease the effect of the worldwide downturn. In spite of the fact that there are media reports that there has been wrongdoing in working environment, it has no unmistakable proof that the misbehavior is a direct result of the monetary downturns and friends cutbacks. The Times of London for instance reports that activity misfortunes in the United States is straightforwardly connected to 58 fatalities of which 13 individuals were killed by a Vietnamese man who was later terminated from his processing plant work; this doesn't demonstrate it was a result of the downturn in light of the fact that the wrongdoing was submitted during that downturn (35). The case demonstrates that we can gain nothing from the business press; this is on the grounds that the press doesn't present precise data to general society yet reports inverse of the genuine circumstances. A survey directed among 400 managers asking whether downturn has gotten an ongoing ascent money related burglary among representatives, for example, missing money or fake exchange demonstrated that 18% said indeed, 41% were uncertain, and 41% said they had not. The survey results shows that a little level of bosses thought the representative robbery is brought about by the downturn, yet the business press reports that â€Å"Business Say Theft by Their Workers Is Up,† which is a direct inverse of the survey result subsequently we can't gain from the business press. With respect to how to be an educated buyer on business news, trouble delineations by OB help in the examination by posing inquiries, breaking down circumstances, and considering the data source. This helps the purchasers in fundamentally considering issues and cautious examination of the equivalent. Accordingly, the section gives intimations on OB gives that can educate the shopper (35). Singular protection is disregarded when measurers, for example, unique finger impression scanner are placed in all sales register to screen what the representatives do. Workers feel that their protection is abused when each move the individual in question makes in

The social setting Essay Example for Free

The social setting Essay KES is set in the mid 1960s in Sheffield, South Yorkshire and in the initial not many pages we get the feeling that Billy and his family live on a denied domain. There are numerous indications of this all through the novel and one of the main things we read about is that Billy and his sibling share a room as well as offer the bed itself. He remained in his own portion of the bed, moaning and turning The room window didnt even have any blinds at it. There was clearly no focal warming as Billy was freezing when he got up and needed to get ready and light a coal fire. Not at all like most homes today there was very little food in the house what food there was, was kept in a wash room as opposed to an ice chest; coolers were not typical articles in the homes of normal individuals during the 60s. the floor covering is another piece of information to depravation; it was not shrouded in cover however lino. The family had not got a lot of respect for their home. One case of this is the mother cleaning her shoes on the edge of the decorative liner. So as an end to the authentic setting we can tell that Billy lives in a period where life wasnt as simple and things we underestimate like focal warming, power and high temp water werent so generally accessible. Just the rich individuals had the extravagances like heated water and Billy unquestionably didnt live in a zone, which had any such solaces, his family was poor and its simple see it when perusing the novel. The social setting of the novel is for the most part his school. He clearly goes to an all young men auxiliary current, where control is kept up by the directors stick and the young men are called by their family names. The class despite everything have antiquated inkwells and blotting surfaces at their work areas. No doubt the framework has bombed Billy on the off chance that he not capable at perusing and composing when he is in his last year at school. In spite of the fact that the absence of help by his mom may have something to do with it, Id assume that Billy had been left to continue ahead with school himself with no assistance from his mom or Jud. So living in a poor, denied territory and having an awful connection with his mom and sibling, Billy was not allowed the chance to prevail throughout everyday life. The principal occurrence I have picked is the initial scenes in the novel. It shows Billys morning schedule, getting up, getting dressed and heading out to do his paper round. I have decided to analyze this scene since I think it begins to cause the peruser to feel thoughtful towards Billy and comprehend his circumstance. This is appeared all through the novel, yet the initial scenes give the peruser a sample of whats to come. The short opening passage is intentionally cruel. Hines connects with the peruser quickly with his distinct portrayal of the room, which starts There was no shades up. This is a short however amazing sentence, as is Silence. which closes this section and makes the peruser wonder what is going to break it. The incredible action words, for example, shuddered, fought and slithered all assistance to increase the disposition of the opening. Hines account is very distinct and uplifts the perusers familiarity with Billys poor everyday environments and the discouraging territory in which he lives. The positive depictions e. g. The coal had burst into flames, and the yellow blazes were currently transmitting a slight warmth. are constantly followed with protracted negative portrayals e. g. snatched his windcheater. The zip was broken and the material hung out behind him The impact of this is to keep the peruser identifying with Billy. The discussions that occur among Billy and his sibling, the retailer and the milkman all incorporate nearby lingo, which propose the average workers foundation. The primary character to be met is Billys sibling Jud when they are both in bed; Jud is one of the adjusted characters in the novel. We can tell from perusing the second section that Billy and Jud need to share a bed, which gives us that the family are not off by any stretch of the imagination. We can likewise tell that Jud doesn't care for Billy; he was no regard for him at all and appears to accept each open door to menace him: pounded Billy in the kidneys. The discussion among Jud and Billy in this scene is comprised of short expressions in which neither one of the characters is especially considerate yet Jud talks impolitely to Billy in any event, when Billy is just attempting to forestall him being behind schedule for work. This brings out sympathy inside the peruser for Billy. This poor relationship is indicated commonly all through the novel creation us feel increasingly thoughtful towards Billy. We likewise meet the businessperson in the initial not many scenes when Billy goes to do his paper round. At the point when Billy shows up at the shop they have a discussion about how Billy was almost late and how theres a long line of individuals for his activity, individuals from Firs Hill. The reference to Firs Hill is revealing to us that the Estate that Billy lives on is extremely poor and summary and that the individuals living at Firs Hill are viewed as increasingly significant. theyre all indistinguishable off that home. Theyll take your breath if youre not cautious. These are the words that clients had used to the retailer to infer that all the individuals from Billys home are cheats and absolutely not to be believed The following character we meet is the milkman, who, similar to the businessperson, is one of the level characters in the novel. Second rate class ridings better than top notch strolling anyday. The milkman reveals to Billy when they meet each other on Billys paper round. Subsequent to conversing with the milkman for some time Billy scratches a jug of milk off the rear of the buoy. On the progression stood two void milk bottles. This is the motivation behind why Billy scratched the jug of milk; he didn't have anything left at home which gives us that neither his mom nor Jud thought to spare some milk for Billy. In a similar depiction on the initial hardly any pages we see that Billy is left no food either. There were a parcel of dried peas and a half container of vinegar on the racks. The bread receptacle was unfilled. There is a general inclination all through the initial that Billy is a lot of a dismissed youngster. When watching the film rendition of the novel there are a few parts of it which cause us to feel increasingly thoughtful towards Billy and a few things that are not appeared in as much detail as the novel. The sound and lighting are significant mediums in the initial scene, when watching the film you improve feel for the murkiness of the room and the size of the bed that Billy and Jud need to share. It begins in complete quiet until the morning timer goes off which appears to act a sign for the quarreling among Billy and Jud to start. The camera shows the perspective on the bed so we can consider both to be as they have their discussion of articulated constrained exchange. At that point there is an abrupt stun of light appeared with a mid-shot as Jud gets up and presses the light switch. This sensational change among dull and light and a perspective shot appears to leave Billy turning defenseless tucked upward underneath the worn out spreads. As Billy gets up to get dressed into his grimy garments we hear a delicate sound of a recorder out of sight, and the main light is that originating from the window. The film passes up a major opportunity the scene when Billy is searching for food in the kitchen and lighting the fire, and continues to the scene outside. In this scene we see Billy running down the road from a mid-shot and afterward a wide-shot as he stumbles into the field.

How to Become an Instructional Designer

The most effective method to Become an Instructional Designer Instructional plan is a moderately new industry, utilizing individuals in associations, schools, and revenue driven organizations. Peruse on to discover what instructional structure is, the thing that sort of foundation planners need, and how to find a new line of work planning instructive encounters. What Is an Instructional Designer? More or less, instructional originators make instructive projects for schools and organizations. Numerous associations have discovered that the web gives a colossal chance to giving virtual guidance, however that structuring powerful online instructive projects isnt simple. A topic master, similar to a history instructor, might be fantastic at driving a class face to face. Yet, he might not have the specialized skill or a comprehension of how to introduce data in a manner that would make a compelling on the web course. That is the place instructional architects come in. What Does an Instructional Designer Do? Theres a ton of assortment in the everyday work of an instructional creator. They routinely meet with customers or topic specialists to decide how to best present data to understudies. They may likewise alter content for lucidity, compose directions for assignments, and structure or make learning interactives. Moreover, they might be included (or even run) the imaginative side of the condition, delivering recordings, making digital broadcasts, and working with photography. Fashioners can hope to go through their days making storyboards, looking into substance, and posing a great deal of inquiries. What Education Training Does an Instructional Designer Need? There is no standard prerequisite for instructional architects, and numerous organizations and schools recruit creators with very various foundations. By and large, associations are searching for representatives with at any rate an unhitched males degree (frequently a bosses degree), solid altering aptitudes, and the capacity to function admirably with individuals. Undertaking the executives experience is additionally profoundly alluring. As of late, Instructional Design aces degrees have gotten progressively well known as are testament programs for those that as of now hold an experts degree in an alternate subject. Instructional Design Ph.D. programs are additionally accessible. Notwithstanding, the general agreement is that a Ph.D. for the most part makes applicants over-qualified for most instructional plan employments and is increasingly appropriate for those that might want to be a head or executive of an instructional structure group. Numerous businesses are increasingly worried about an applicants specialized capacities. A resume that rundowns competency in programs like Adobe Flash, Captivate, Storyline, Dreamweaver, Camtasia, and comparable projects is exceptionally attractive. Originators ought to likewise be able to place themselves into somebody elses shoes. Somebody that can suspend their own comprehension and envision experiencing data just because will frequently make a decent architect. What Kind of Experience Does an Instructional Designer Need? There is no standard experience that businesses are searching for. Notwithstanding, they do lean toward that creators have attempted to make instructive projects previously. A reputation of past plan experience is profoundly attractive. Numerous instructional structure schools expect understudies to finish capstone extends that will be utilized instructionally and can likewise be remembered for the alumni continue. New originators may search out understudies with universities or associations to assemble their resumes. Where Can Instructional Designers Find Jobs? While there are progressively instructional structure employments consistently, discovering them isnt in every case simple. One of the principal spots to look is on college work postings. Numerous schools post openings on their own sites and neglect to advertise them all the more transparently. HigherEd Jobs has one of the more exhaustive arrangements of occupations accessible at colleges. Managers will in general post openings on virtual employment sheets like Monster, Indeed, or Yahoo Careers. Going to instructional plan or e-learning gatherings is a decent spot to network and search out potential employment leads. Also, numerous zones have nearby systems of instructional structure experts that meet consistently and convey by means of long range interpersonal communication. Having a companion in the business is a brilliant method to get associated.

Writing Cliche College Essay Topics

Writing Cliche College Essay TopicsYou can find a list of cliche college essay topics if you know what to look for. It's not as hard as you think and you can spend as much time as you want to do it.What does it take to write a cliche college essay topics? Not much, actually. Those topics are very common and you can use them if you know what to do with them.Most students don't like to write because they have so many other things to worry about. So they give up after a while. But with some creativity, some determination and a few tricks, you can get out of your rut and write a cliche college essay topic.One of the best ways to get out of your rut and write such topics is to create a new idea each time you go to write. You'll soon find that you have lots of new ideas that you can use.You'll also find that you don't use any of your old ideas in the topics because you've made up new ones that are more creative. Soon you'll be surprised at how many topics you can come up with.You might thi nk that writing cliche college essay topics is hard to do, but you're wrong. In fact, this is really not hard at all.What's great about such topics is that they're often boring. That's not true of most writing assignments. That's why most students give up on writing an essay.If you have a great idea about an essay topic, you can make it interesting and original. If you have no idea what to do with the topic, all you need to do is start fresh each time. There's nothing wrong with that.

A Gun Control Is An Effective Way To Control Crime - Free Essay Example

Gun control is not one issue, but many. To some people gun control is a crime issue, to others it is a rights issue. Guns are not for everyone. Certain people cannot handle guns safely, and some individuals choose to use firearms inappropriately. Many of us have heard many times, Guns do not kill people on their own, it takes a person to pull the trigger. Even if people find this statement to be true, guns are an issue that needs to be discussed. A gun is simply an easy tool that people can use and manipulate with hardly any thought. Many people suggest taking away guns and promoting peace through government help while others think that the guns are what keep them safe. Situations arise everyday where people have witnessed, know someone who has been affected by gun violence. Sadly, many of the cases result in death or severe injuries. Even though this is a very controversial topic, many people would agree with the fact that guns are an easy means to commit a crime. It is a constitutional right to be able to have weapons to defend yourself, including guns. While some restrictions should certainly be in place, if the government is given too much power over these types of things it would be easier for them to attempt to take all guns from citizens. The government can make some rule for the citizens in order to buy a gun. For example, a person who wants to buy a gun need to be go through certain training and education about the gun. In this way, a person is familiar with use of gun. If the person does not have enough knowledge about the use of guns, then they harm other people. In Pakistan, there is one organization which organize one training camp in summer every year for teenagers. In this training camp, all the participants go to the rural area where no population is. They stay there for one month with one professional team which teach every participant about the use of gun. In this way, during adolescence life they know the use of gun which prevent them and, other people from many big troubles even death. However, there is some people who grew up in bad environment try to injure other people with inappropriate use of gun because they are brain washed. If there is a terrorism in any country and terrorist obviously have dangerous weapons. But this does not mean that guns or people are bad. This could be some political benefits between two countries which lead the people of those countries toward the negative use of firearms. The simple definition of a criminal is someone who does not obey the law. The simple definition of a law-abiding citizen is someone who does obey the law. Criminals break the laws with or without the use of gun. They break the law anyway so what is the difference if the gun laws are strict or not. Criminals also make weapons, use knives, and other objects besides guns to help in their crime. They do not get their guns through customary retail. For example, there is one incident happened in Crossroad Center Mall in St. Cloud. A guy came to mall to fix his cellphone according to his mother. Somehow, the guy ran around the mall armed with two steak knives stabbing before he was killed by an off-duty police officer. Since, the police officer was off duty and carried gun in mall which is not allowed. The police officer was suspended from his job until for further investigation. No one knows that what happened with that guy who were fine suddenly start killing people. But this guy did not have firearm which shows that if something wrong with the person then they could injure other people with any weapons. However, the police officer who did a good thing to kill that guy, but he lost his job for several months because he unfollowed the rules of mall. This shows harsher gun control laws are not needed. What is needed, however, is a greater focus on education about firearms. We should teach people from an early age the damage that they can do, how to properly and safely use them, and the steps to take to make sure that they are safely used and stored. As of today, it is easy to get your hands on a fire arm. If the laws and regulations made to be much stricter and more regulated, then the amount of people who die from gun violence could possibly go down drastically. Illegal guns are a huge trade and business especially in the United States. According to the CDC from 2012 to 2016, the last years for which data is available, an average of 35,000 Americans died from gun violence every year (Abrams and Chan, 2018). Even, if gun control laws where made much more, strict these criminals would still be able to obtain illegal weapons and use them to inflict harm and commit violent crimes. The only difference would be that the people who are not criminals would not have the ability to defend themselves. We see a good example of this in Switzerland most of its citizens own guns. For example, if someone were to go into a theater and start open firing, there would be a pretty good chance that they would get taken out by one of his/her would be victims who also had a gun. Again, it really depends on the country. The act of making it illegal to own firearms does little to prevent criminals from getting guns. These laws only restrict people who respect the law, the people who would only use firearms for legal purposes. And when we give people the right to defend themselves, we find that criminals start looking for other victims out of fear that they will become the victims themselves. Another source of information on the use of firearms for self-defense is the National Self-Defense Survey con- ducted by criminology professor Gary Kleck of Florida State University in the spring of 1993. Citing responses from 4,978 households, Dr. Kleck estimated that hand- guns had been used 2.1 million times per year for self- defense, and that all types of guns had been used approximately 2.5 million times a year for that purpose during the 1988 to 1993 period (2013). We must work to reduce crime, but we should look at the problem realistically, and develop plans that would be effective. It is obvious that gun control laws are neither realistic, nor effective in reducing crime. Therefore, we must direct our efforts toward controlling crime, not controlling legal ownership of firearms. Therefore, if we pass laws restricting ownership of firearms, which category of people does it affect? The simple answer is that gun control laws affect law-abiding citizens only. By their very nature, the criminals will continue to violate these new laws, they will continue to carry their firearms, and they will find their efforts at crime much easier when they know that their victims will be unarmed. The situation is similar to that of the disarmed blacks a century ago. US whites have twice the rate of gun ownership of blacks, oppose gun control to much greater extent than blacks, but are considerably more likely to kill themselves with those guns, than be killed by others or blacks. While the literature suggests that racism in whites shapes fear of black violence and support for policies that disadvantage blacks, no research has examined whether racism is related to gun ownership and attitudes to gun-control in US whites (2013). Innocent people are turned into victims when new laws make it impossible for them to fight back. An unarmed man stands little chance against an armed one. Terrorism beams into our homes through television screens, it assaults us in newspapers and magazines, and it sometimes touches our lives in more direct manners. People do not seem to worry about the definition of terrorism at such times. This religious terrorism comes from different nations, groups and individuals. The truth is terrorism has not religion. They just brain washed by bad people and behind the terrorism there is some political advantages. There are different organization in the world who brain washed teenager and also teach them who to use different kind of weapons. The question is that from where all these organization get weapons. Most probably they have political links who have approach to big weapon companies provide them all the dangerous weapons. For example, an incident happened in Pakistan on December 2014 (which is also called Tragedy of Army Public school). When six terrorists entered in to school name Army public school in Peshawar. Peshawar school massacre, terrorist attack in which seven heavily armed Taliban fighters stormed an army-run primary and secondary school in Peshawar, Pakistan, on December 16, 2014, killing 150 people, of whom at least 134 were students (Encyclopedia Britannica, 2018). All the terrorists had so many dangerous weapons with them which they use to kill people. The people who were terrorist did not bear to kill people and they were not a bad people, but in the environment, they were raised and the way they brain washed make them bad. And the other point which we consider that all those terrorists had the training of using firearms and they know how these gun harm people. Then we cannot say that those people who has the training of guns cannot harm people. Its all about the mentality of those people who use the gun whether they want to use it for positive thing or negative. I still remember the time when those terrorists killed because I was in Pakistan at that time. They way those terrorists scare all the people in Pakistan and especially the managements of all school in Pakistan. All the school had been closed for about three or four days. At the end, people just blame to guns or terrorist, but no one try to figure it out what kind of things convert those people into terrorists and who are those people who convince those people to use all those weapons to kill innocent people. In my point of view, all those things happen just because of political benefits. Different countries train people to do terrorist attacks on other countries just to show the positive image of their own country. Just because of this benefit they kill so many innocent people and all they blame goes to weapons and terrorists. World leaders and prominent politicians and diplomats united to condemn the actions of the Taliban whove claimed responsibility for the attack on a Peshawar school on Tuesday that left more than 131 people dead, mostly school children. Six Taliban gunmen attacked the school and were eventually killed by Pakistani security forces (2014). This shows that terrorism has no religion and there is no humanity in them. On the other hand, we have seen that in the past years that opened fire incidents happened in USA and the one incident which happened at Santa Fe High School in Texas. There have been at least ten shootings in schools so far this year, with two of them, at the Majory Stoneman Douglas High School in Florida and the Santa Fe High School in Texas, involving mass deaths, of 17 and ten people respectively (Royal wedding). One Pakistani exchange student name Sabika Sheikh also dead in Santa Fe High School in Texas including 9 other people. This is a form of terrorism. It shouldnt happen anywhere: not in America, not in Pakistan, said Sabikas father, Aziz Sheikh, in an interview at the family home in Karachi, Pakistans commercial hub (Ahmad Abi-habib, 2018). United States is a developed country and Pakistan is an underdeveloped country but there is terrorism in both countries. It could happen in any country and a t the end media just blame to guns that why guns are legal in U.S for everyone but no one try to figure what are the thing behind those people which lead them to someone without any fear. Why guns are issue today? Guns today are used for a variety of things. Hunters and professional sharpshooters use guns for sport. While some people have guns in house for the protection. Gun laws take away the important feeling of safety and protection along with a basic right in the Constitution that has been given to the public for centuries. The feeling of safety and protection are important to a community and a nation. Owning a gun allows one to have the safety the gun provides as well as a fighting chance against an armed robber or criminal. If gun control laws are placed, many people in the community would be denied a major component of safety as well as decreasing their chances of surviving an attack from local or international attackers. Guns are useful way to physically and mentally protect family and friends. Guns are dangerous when used inappropriately, especially when they get into the wrong hands. Travis Roundtree said, If someone purchases a gun for someone illegally, they both should be punished. If it is used in a crime, they both should be punished the same (usa today). There just isnt a problem with adults handling guns the wrong way, there is also children getting their hands on them and injuring and killing others as well. More gun control will not reduce crime because people will find other dangerous ways to injure and kill others. When a gun is sold and purchased, a certificate of ownership must be published. When a gun is sold and purchased illegally, a certificate of ownership will not be published. For those people who do buy and sell guns illegally, the punishment would be a 10-year jail sentence. Threatening people with larger punishments will have a positive effect on the annual number of deaths due to guns. Most importantly, guns should be given to police and people with very clean criminal records. Police are to receive one and only one gun, no matter their position. People who have never had a criminal history may purchase a gun. If they have even the slightest crime on their criminal record, they will not be able to purchase nor own a gun. For those who wish to purchase a gun and are anywhere between the ages range of 18 and 30 years old, both, their criminal records as well as high school and college transcripts will be checked. In recent years, firearms have become easier to get access to them for example; by stealing them, in some states they dont require to have permits to own a firearm, friends and family letting someone borrow theirs. With this being said, this just goes to show how easy it is to get a firearm. Guns are incredibly powerful weapons. They can be used to protect and defend or to threaten and even kill. As high school students and upcoming college students, it is i mportant to stay informed about the relevant events in the news. As high school students and upcoming college students, it is important to stay informed about the relevant events in the news. It is very important to pay attention to the direction of where gun control laws are headed as the government works to create laws to both protect the public safety of the population and also protect the constitutional rights of the population at the same time. The Increase in Gun Violence Hearing about people getting shot has become a normal thing in todays society and we usually hear on media as well. Its happening more and more as time goes on because of the accessibility everyone has to a firearm. Even though gun violence is an arising problem, it can be slightly reduced by increasing security on weapon purchases and availability. This then increases the chances of something tragic happening on purpose or not. The rise of gun violence in the past year or so has many people and families worried what the future has in store for us. Guns are everywhere, and they arent going away anytime soon. Guns are in video games, movies or TV shows, hunting, war, and books. Its a huge issue and it needs to stop now to ensure our peoples safety. They have become easily accessible from the law the government put into effect. The right to buy a gun is given people to go purchase it for safety but some lying and use them for other causes. People dont fully understand how dangerous issues that guns have. For example, one of our relative had a gun in his home. He was cleaning his gun and her daughter was just in front of her to do some other stuff. The guy didnt know that he has one bullet in his gun and while cleaning the gun he just clicked the trigger and he shoot his daughter. This shows that when people do not know the use of gun then they do silly mistake. As a result, someone lose their life. They have many malfunctions and can go very wrong, even if you are just simply target practicing. The politics of gun control remain to be a controversial topic in the United States. The issue here is not whether one should have the right to carry firearms, but rather the right to carry on college campuses. Recently Texas has passed Senate Bill 11, more commonly known as the campus carry bill, which allows the carrying of concealed firearms on college campuses because of the incident happened in Texas school. Cowboy up, Texas professors! Teach however and whatever you want. Dont worry about the presence of legally carried guns in your classrooms. If you are going to worry, worry about someone illegally bringing a gun on campus with the intention of causing mayhem, not someone who legally carries a gun in the hope of protecting himself from harm (Gilbert, 2016). Although allowing guns on campus represents a safety hazard, most believe guns are essential in preventing school shootings. Unfortunately, however, licensing guns to students can be more detrimental than beneficial to the security and safety of learning institutions. Introducing guns into colleges and universities would be disruptive to the learning environment. One cannot possibly focus on their studies in a classroom with the prospect that a fellow classmate sitting next to them is armed and dangerous. Guns today are used for a variety of things. Hunters and professional sharpshooters use guns for sport. While some people have guns in house for the protection. Gun laws take away the important feeling of safety and protection along with a basic right in the Constitution that has been given to the public for centuries. The feeling of safety and protection are important to a community and a nation. Owning a gun allows one to have the safety the gun provides as well as a fighting chance against an armed robber or criminal. If gun control laws are placed, many people in the community would be denied a major component of safety as well as decreasing their chances of surviving an attack from local or international attackers. Guns are useful way to physically and mentally protect family and friends.

Comparing Thoreaus Civil Disobedience and Orwells 1984...

Civil Disobedience and 1984 In Orwell’s 1984, the government is all controlling, all manipulative, and all knowing. They maintain every aspect of their member’s lives and monitor them constantly. Conversely, in the context of Civil Disobedience, the government is a form of direct democracy. People have their right to vote and the right to openly express their opinions. The main character of 1984 lives in constant fear of his government while Thoreau argues with his and suggests a variety of ways to cause reformation, he has the freedom of expression much unlike Winston. This is an essential point when trying to suggest any of Thoreau’s ideas to reform 1984 socialistic government. There is also no hope of rebellion from actual party†¦show more content†¦Being a member of the Party, Winston must maintain constant loyalty to the government, or at the very least, sustain the appearance that he does. â€Å"A Party member lives from birth to death under the eye of the Thought Police. Even when he is alone he can be sure that he is alone.† (Orwell, p. 210) With the incorporation of spies along with Telescreens, Winston has no true privacy. He couldn’t decide to completely or even remotely remove himself from the government because he would immediately be caught by the Thought Police. Not only that, but he continues the unjust action of rewriting and reworking pieces of media to accommodate the need for Big Brother to always be right. This is his government job and with he that, he works for a cause he stands against. The idea of disassociating oneself from the Party is irrational, their government supplies food, clothing, housing, and a purpos e. Although the war is a huge faux to maintain all its members with poverty, they are still dependant of the Party to survive. To leave the Party is to openly admit Thought Crime—the same as committing suicide . When Winston and Julia are captured by the Thought Police and sent to the Ministry of Love, one assumes they shall soon endure ruthless torture before being killed, but that is not truly the case. The two

Maximizing Shareholders Wealth As A Primary Corporate Objective Finance Essay - Free Essay Example

Sample details Pages: 8 Words: 2306 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Shareholders wealth is basically the value of shareholders ownership of shares in a firm at a particular period of time. Shareholders wealth is measured by two major financial concepts, namely: by capital gain increase, which results from an increase in the prices of shares or by increase in dividend payments. Consequently, maximizing the capital gains or dividend payments of a firm can maximize shareholders wealth. Don’t waste time! Our writers will create an original "Maximizing Shareholders Wealth As A Primary Corporate Objective Finance Essay" essay for you Create order Notwithstanding, an optimal level needs to be maintained, as a firm needs to balance the risk and return involved in growing its capital gains or dividend payments arising from the firms investing activities. On the other hand, managing the firm requires engaging on purposeful business activities on the part of top management staff members and members of the board of directors. In turn, all purposeful business activities are aligned with corporate goals and objectives. Parsons (1960) have argued that the firm, as a legal corporate entity, is a collectivity whose defining characteristic is the realization of a specific goal or purpose. On this premise, it is therefore evident that it would not be sensible enough to believe that a discussion on corporate entities would be complete without an unequivocal mentioning of the normative and positive scopes of the corporate objectives of the firm let alone the structure and processes of its governance. Therefore, questions that often arise in clude: Who should the firm serve? Who does it serve? The debate on corporate purpose is by no means a relatively new concept in the financial literature, however, there have been varying levels of considerations from the different fields of studies (ranging from management and business strategy to law and ethics) on the issues of purposes and accountability of a corporation, and sharply differing views still exist. In finance, the debate is established on the notion of shareholders value maximization (and in economics, an equivalent notion arises as the maximization of private wealth in a competitive economy). The notion of shareholders value maximization has been widely and generally accepted in the financial world, and has formed part of very strong assertions in the financial literatures and textbooks. A deviation from this corporate objective is typically thrown in the light of an agency problem, which results from the debate on the separation of ownership and control, whi ch is an immediate integral feature of the modern corporate financial practice. Berle and Means (1932) emphasized on the problems of managerial carefulness and self-dealing when handling issues that pertain to the preservation of shareholders wealth under the regime of the principle of separation of ownership and control, as a major issue that characterizes the widely held belief about corporations. Based on assumptions of property rights in democratic capitalist societies, Berle and Means (1932) premised their arguments on the view that managing the firms business activities on behalf of the shareholders was the prerequisite of managerial decision-making, since shareholders were property owners. In Brealey and Meyers (2000: 24-26), for instance, the assertion that ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦a financial manager should act in the interest of the firms owners stockholdersÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ is not an accident. Like every human, each stockholder (or shareholder) d esires to be as rich as possible, and craving for the need to be able to seamlessly transform that wealth generated from investing in the firm into whatever time pattern of consumption of his or her choice, and choosing the risk characteristics of the consumption plan. In situations where the firms management fails to collaborate with the shareholders on their interests in the firm, it amounts to an intervention by the firms corporate board; or by verbal articulation, whereby shareholders can call for a meeting to replace the corporate board; or by exit, a situation whereby shareholders dispose their stake in the firm selling off shareholders stakes in a firm can send a powerful signal to the firms entire system and its immediate environment; or by a collective shareholders decision to remove top management members through the market system for corporate control. Notwithstanding, it should be noted that in the situation whereby managers and directors do not maximize their value of (or stake in) a firm, it usually results to the threat of a hostile takeover by competitors. Rappaport (1986) has provided a more simplified assertion on how shareholders wealth creation should be viewed in relation to a firms corporate objectives. Therein, it was held that any management that contravenes the objective of maximizing shareholders value, no matter how influential or independent, does so at its own risk. This can be taken seriously since shareholders make up the most power reference point within a corporate organization where managements financial power is derived. In contrast to the finance view, in recent years, scholars in the management and strategy discipline have increasingly leaned towards one of two overlapping viewpoints that are sharply at contrast with the financial view of shareholders value maximization. One of the viewpoints is that governance should be understood using a stakeholders lens. The second viewpoint pursuits that rather than debating whe ther stakeholders or shareholders matter, corporate organizations should have multiple goals existing in a convoluted hierarchy (Freeman and McVea, 2001; and Quinn, 1980). Similarly, Drucker (2001) argued that Shareholder sovereignty is bound to struggle; ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦it is a fair weather model that works well only in times of prosperity (Drucker, 2001:17). On this note a constructive conclusion can be drawn. Following the importance of preserving shareholders wealth while ensuring good governance, it is therefore imperative that top management of the firm should strike a balance amongst the three scopes (or objective functions) of the corporate organization, which involve regarding the corporation: as an economic organization, whose aim is to maximize profit (or returns on investment); as a human organization, which should form a seamless relationship with other human organizations within its immediate environment, and without the fear of domination of one on the other; and as an increasingly important social organization that cares and prides itself about corporate social responsibility to the immediate community to which it belongs and/or operates from. The Role of the Efficient Market Hypothesis in the Post-Financial Crisis Period The sharp economic slump in the financial markets around the globe, typically and generally referred to as the global financial crisis, has generated a remarkable spate of blames on the active market players (banks and other financial institutions as well as consumers, surprisingly) from different economic stakeholders the free market economics has been attacked vigorously. Particular attention has been paid on the notion of the Efficient Market Hypothesis (EMH) an idea that supports that competitive financial market should exploit all available market information when setting security prices. EMH asserts that the financial market is informationally efficient. In other words, given the publicly available market information at the time of making an investment, one cannot achieve returns in excess of average market returns on the risk-adjusted basis consistently. Since the wake of the recent financial crisis many people have called for careful scrutiny, revamped criticism and ev aluation of the EM hypothesis. In fact, the crisis has urged many to conclude that the excessive negligence in the proper regulation and supervision of the financial market activities due to the immensely mistaken belief in the supremacy of the thought behind the EMH, gave rise to the current financial crisis. For instance, Jeremy Grantham popularly referred to as the market strategist has stated, without reservation, that EMH is responsible for the global financial crisis that currently rocks the world financial markets. In his claims, he believes that the general acceptance of the idea behind EM hypothesis led financiers to have a habitual underestimation of the underlining dangers surrounding the breaking of asset bubbles. Justin Fox, the Myth of the Rational Market, as he is fondly called, appears to support the same claim made by Jeremy. Ray Ball wrote: ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦swayed by the notion that market prices reflect all available information, investors and regul ators felt too little need to look into and verify the true values of publicly traded securities, and so failed to detect an asset price bubbleÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ The following excerpt was also taken from Ball (2009: 11) (cited from the UKs Turner Review): The predominant assumption behind financial market regulation-in the US, the UK and increasingly across the world-has been that financial markets are capable of being both efficient and rational and that a key goal of financial market regulation is to remove the impediments which might produce inefficient and illiquid marketsÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦. In the face of the worst financial crisis for a century, however, the assumptions of efficient market theory have been subject to increasingly effective criticism. Others who also believe that the EMH is not unconnected with failure of the financial system include the financial journalist, Roger Lowenstein who stated that: The upside of the current Great Rec ession is that it could drive a stake through the heart of the academic nostrum known as the efficient-market hypothesis. The chief economics commentator of the financial times, Martin Wolf, has dismissed the EM hypothesis on the premise that the hypothesis is a useless way of carrying out a careful examination of the functionality of the market. Nevertheless, Paul McCulley, the MD of PIMCO, said that the hypothesis did not fail but was seriously flawed in neglecting human behaviour. According to Ball (2009:11), the depiction of what the EMH portrays in the mind of regulators makes sense in one respect. Stating that regulators can focus well enough in ensuring an adequate flow of reliable information to the public where, however, the market can be relied upon in incorporating public information into asset prices, while less attention is paid on investors propensity to invest even in the riskiest assets without fear of losing the lots. This view is, however, consistent with the fa ct that in recent times there does appear to have been increased emphasis on ensuring adequate and fair public disclosure by regulatory and supervisory bodies worldwide. However, the notable Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago Booth School of Business and grand proponent of the EM hypothesis, Eugene Fema has refuted the above claims but stated that: the hypothesis held up well during the crisis and that the markets were a casualty of the recession, not the cause of it. Ball (2009:2) says: I have argued in the past and will argue below that the EMH like all good theories has major limitations, even though it continues to be the source of important and enduring insights. Despite the theorys undoubted limitations, the claim that it is responsible for the current worldwide crisis seems wildly exaggerated. If the EMH is responsible for asset bubbles, one wonders how bubbles could have happened before the words efficient market was first set in print and that was not until 1965, in an article by Eugene FamaÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ But all of these episodes occurred well before the advent of the EMH and modern financial economic theory ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ Its only the idea of market efficiency that is relatively new to the scene. After all said and done, one would like to know what awaits the EM hypothesis in the post-financial crisis era. As the saying goes: you do not throw away the baby with the bath-water. There is need to relax and critically evaluate the entirety of the EM hypothesis in relationship to what it can help achieve in the market and the limit inherent in its application in ascertaining how the market behaves. It is overtly true that anomalies in the market efficiency hypothesis abound. These include over-reactions of prices and excess volatility; under-reactions of prices and momentum, especially with respect to earnings annou ncements; the relation between future returns and many variables such as accounting accruals, market-to-book ratios, price-earnings ratios, market capitalization, and dividend yields; and seasonal patterns in returns. One should therefore expect that while not entirely relying on the EM hypothesis in assessing market activities, the hypothesis would still be expected to hold sway. This is consistent with the results of Aroskar, et al (2004) and Kan and Andreosso-OCallaghan (2007). Furthermore, market regulators are rather expected to carry out proper regulatory functions irrespective of the presence or absence of the market hypothesis. A Reflective Statement After a critical discussion of these sorts (first, it was the discussion on: the adoption of maximizing shareholders wealth as a primary corporate objective, which was then followed closely by a discussion on: the role of the efficient market hypothesis in the post-financial crisis period) one would wonder at the efficacy of what could be achieve with such a short piece. Anyway, it is not the length alone that matters when crucial issues like the ones discussed in this piece are considered. While length may be important, what matters the most is the depth of what has been discussed. Going back, two schools of thoughts were covered in the first section, namely: those that believe that the adoption of maximizing shareholders wealth should form a core part of the corporate objectives of any corporate organization, and those who believe that corporate governance should be discharged under the watchful eyes of the stakeholders while having an organization that is built around a compl ex hierarchy of a collection of goals. One would then like to take a stance between these two schools. Notwithstanding, there is sense in both thoughts; however, a deep look and critical evaluation of both thoughts may likely reveal a common ground. Therefore, one should not be tempted in judging the supremacy of one school over the other. Now with the discussion on the EM hypothesis in relation to its role in the financial market after the crisis, it should be proper to evaluate its worthiness just like every theory ever propagated was evaluated. Like Ray Ball had said one could not blame a theory for people misusing it, as every theory comes as an abstraction no theory can be taken in its raw and literal form.

Effects Of Marijuana And Its Effects On Cancer Cells

The process by which ∆^9–Tetrahydrocannabinol, more commonly known as THC, a major component of Cannabis sativa, has been found to possess anti-tumor properties of many cancer types. However, the use of THC is limited; particularly its usage during chemotherapy due to its psychotropic activity, the ability to affect mental activity, behavior, or perception. In addition, the exact mechanism in which THC produces this activity is not fully known. For these reasons, there has been debate about its incorporation as a common treatment for cancer. There is growing evidence that some pharmacological effects of marijuana are due to Cannabis components other than THC. C. sativa contains at least 400 chemical components, 66 of which have been†¦show more content†¦Still, in the case of the endocannabinoid anandamide, it has been shown to produce its effects on cancerous cell growth via a mechanism utilizing the transient receptor potential vanilloid type-1 (TRPV1) receptor s and noncannabinoid, nonvanilloid receptors ¹. Furthermore, cannabidiol supposedly inhibits growth of glioma through a completely and independent mechanism in vitro and in vivo. Today, cannabinoids have been effectively used to treat the two most prominent side effects of chemotherapy: nausea and vomiting. The main reason that the use of THC is slim in the future is principally due to the effects it produces within the central nervous system. These effects include: perceptual abnormalities, occasionally hallucinations, dysphoria, abnormal thinking, depersonalization, and somnolence (long periods of sleepiness or drowsiness). ¹ One way to dodge these effects is in the use of non-THC plant cannabinoids, which do not seem to produce psychotropic effects. Canabidiol, for example, is considered to be nonpsychotropic. A proposed method cannabidiol allays this effect is by preventing its usual conversion to the more psychoactive 11-hydroxy-THC. Recently, scientists have found that systematic variations in constituents of THC (i.e., cannabidiol and cannabichromene) do not affect the behavioral or neurophysiological responses to marijuana ¹

Evaluation - Validation and Design Analysis Light Rail Transit

Question: Describe about the Evaluation, Validation and Design Analysis for Light Rail Transit. Answer: Introduction As cities continue to increase both in size and population, the available transport systems are increasingly becoming under pressure as their design capacities are overrun. In addition to that, a higher level of pollution from the larger number of the automobile becomes a concern to both the public and the authorities. This has prompted various governments to come up with a solution inform of Light Rail Vehicles (LRV), which can carry a higher number of passengers thereby significantly reducing the higher number of vehicles on the road. Besides, the LRV are environmentally friendly as they rely on electrical energy other than fossil fuels. For most developing nations, this has proven to be a preferred and attractive option for urban public transport. However, just because LRV or Light Rail Networks (LRN) has proved to be successful in other countries does not guarantee that it will work anywhere. The success of any LRN project lies from how the project will be handled from feasibilit y studies, planning, designing, testing, and commissioning, evaluation, validation and human factors among other activities of the entire project lifecycle. All these activities need to be managed properly to achieve the goals of the LRN and minimize or eliminate extra costs during the operation and maintenance of the railroads. This report, in particular, will address the testing, evaluation, and validation of the LRN in addition to looking at how design can be optimized to improve the reliability and maintenance, aside from the human factors. Light Rail System Testing Evaluation and Validation Sharma (2011) points out that the Testing and Commissioning (TC) of a light rail system starts after the concept and detailed design phase. The primary purpose of TC is to ensure that the technical and project requirements are met, and this can be done parallel to evaluation and validation. For testing to be successful, it is vital to involve the employer (owner of the infrastructure), the contractor (and sub-contractors if any), manufacturers or suppliers of the equipment, the railway operator, and to an extent, though not compulsory, a third party organization outside the main contract. As Sharma (2011) states, it is the responsibility of the employer to provide the basic framework outlining the TC process and who is responsible for overseeing it. The contractor will then develop a detailed test plan that defines all the rail systems, their interfaces, tests to be carried out, and the expected results according to the employer and the approval bodies. The test plan also defines the reporting and authorizing procedures for all tests, the schedule, resources (equipment/staff) required for each test, the safety, and documentation for all tests carried out. The ideal model employed during the TC is the FAT-SIT-SAT-SATOV, simply split into four stages namely: Factory Acceptance/Inspection Test (FAT), Site Installation Test (SIT), Site Acceptance Test (SAT), and Overall Site Acceptance/Performance Test (SATOV). Factory Acceptance/Inspection Test (FAT) In this stage, all the light rail equipment and components are tested at the factory/manufacturers site during the production. This is meant to ensure that the equipment and components meet the specifications and requirements for the design and overall project. Tests of all equipment are carried out concerning the systems software and hardware (Sharma, 2011). When it comes to hardware, there are two forms of tests that the contractor is required to perform routine and type tests. In a routine test, each piece of hardware component or equipment is tested independently. Some of the tests could include checking for dimension, insulation, electrical conductivity, mechanical, calibration, hydraulic, and visual inspection among other compliance tests before the equipment is released to the contractor. On the other hand, type tests are done on the complete equipment of a given type or rating according to the set standards or technical specifications as stated out in the contract. In most ca ses, these form of hardware test include testing the mechanical strength of the hardware, the electrical characteristics, compatibility of the electromagnetics just to mention a few. For every software system like vehicle detection system, line signaling, or supervisory control, it is recommended that a test bench should be used to simulate the inputs and outputs in an environment matching the real operation environment. Furthermore, integration testing of all the rail system should be carried out at the factory site to minimize or eliminate possible integration risks of equipment during the assembly at the construction site. Site Installation Test (SIT) Here tests are done on equipment after their installation on the site. The purpose of SIT is to ensure that all sub-systems or equipment are installed and wired correctly and that they can perform the intended operation without any damage after the installation. The tests can be performed in phases on a site by site basis as the various sections of the railway line get built. Not that the sections can be defined as per the infrastructure or line constraints like crossover locations, track layout, overhead contact system, or the location of the sub-stations (Sharma, 2011). For train onboard equipment, SIT must be conducted on the train both at the manufacturers and the employers site. Examples of tests carried out in this stage include stand-alone operation tests, electrical conductivity and insulation, and data exchange or communication tests. Site Acceptance Test (SAT) SAT, considered as a pre-commissioning stage, is done when all equipment and sub-systems have been installed to identify and minimize the modification and related costs at a later date. It is more of an integration test. It is of the utmost importance to demonstrate that all the functional and performance requirements are met. This stage can be sub-divided into SAT-internal and SAT-external. According to Sharma (2011), in SAT-internal, all the systems are put under a pre-defined scope whereas in SAT-external at least one of the system to undergo integration test lies outside the predefined scope. This can be based on the complexity of the relationship or interface of the project with other third parties, the type of contract or the contractors or sub-contractors involved. Just like in SIT, tests for onboard train systems like vehicle detection system are done at this stage. Overall Site Acceptance/Performance Test (SATOV) The goal of this test is to ascertain that the entire system will operate accordingly and offered the required service without any hiccup. The railway operator in addition to all project parties must be involved in this stage as all the functional requirements of the system and equipment when in service are to be tested. The tests in this instance can be split into SATOV-Equipment tests done on all equipment supplied to the project and SATOV-Line which are tests done on the equipment or system when in actual train running for a given trial period. Usually, the SATOV-Line is a responsibility of the employer and the railway operator with technical support from the contractor. Some of the tests conducted in this stage include the full load tests, functional tests, degraded mode, and endurance tests. From these results, employers or contractors can be able to evaluate the actual performance of the system in relation to requirements and expectations outlined in the contract. Once the syst em has passed all the tests and evaluation, the contractors can now hand over the railway system to the employer and operator. Optimization in design and operations of Light Rail Transit (LRT) According to Twum and Aspinwall (2013), reliability is a measure of the ability of the system to carry out its intended function without fail for a particular period in a given pre-determined conditions. Reliability has far reaching consequences on the availability, durability, and life-cycle cost of a system. For this reason, engineers are required to make informed decisions on the components and design configurations that are to be used in a system (Selvik and Aven, 2011). In order to optimize the design and operations for reliability and maintenance of LRT, it is vital to identify first the factors which can impact on the efficiency and effectiveness of the LRT namely: route design, right-of-way (ROW), and track layout and configuration. The design of the LRT is most likely to affect the reliability of operations and impact on the ridership regarding the number of passengers opting for LRT. Given that most urban centers opt for LRT for public transportation so as to reduce traffic congestion and minimize automobile pollution, it is recommended that LRT routes should connect high activity regions along major corridors, highways, and arterials (LRT: Light Rail Transit Service Guidelines, 2007). These regions could include airports, employment centers, shopping centers, education institutions, or high-density residential areas. In cases where new LRT lines are to be developed, the new lines should intersect with old lines so as to enable multiple transfer opportunities for light rail cars. The type of ROW has a significant influence on the operation and speed of the LRT system given that in urban areas they have to interact or crisscross with pedestrians and other means of transport. To improve LRTs reliability, safety, and operating speed, LRT should operate within designated semi/fully-exclusive ROWs. Also, in areas where there are shared ROWs, Li et al. (2007) propose the use of a Mixed-integer quadratic programming (MIQP) model for signal timing at rail intersections to reduce traffic delays and its impact on LRT and other traffic. About track layout and configuration for reliability, double tracking is touted as an optimal operation environment. This is because it allows for bi-directional LRT lines to operate simultaneously along the same segment of the track while at the same time allow for bypassing of stationary or disabled trains at switches and crossovers. Besides, compared to ballasted tracks, non-ballasted (slabs) LRT tracks which have advantages such as l ower maintenance cost and requirements, increased durability (service life), and high lateral track resistance that permits the increase of speed in future is favored (Fazhou Wang and Yunpeng Liu, 2012; Ć iroviĆ¡ et al., 2014). Maintainability According to Langford (2007), system maintainability refers to the measure of its ability to be restored to the usual operational level after a planned or unplanned interruption within a given time using the available resources. This maintainability is mostly considered as design related and is usually carried out to give estimates of system maintenance, downtime, and resources required to carry out maintenance. This will help in optimization or reduction of the time and cost of maintenance works. Note that maintenance can be either corrective which are the unplanned actions to restore system performance after a failure or preventive maintenance which are planned actions to maintain or improve a system performance. In that regard, maintainability is usually measured by Mean Time to Repair (MTTR), Mean Time Between Maintenance (MTBM), and Mean Time Between Failure (MBTF). MTTR is the average amount of time it will take to repair a system and restore services. It is used to calculate maintainability in corrective maintenance. Mathematically, this can be expressed as the total maintenance time divided by the number of repairs conducted over a given period. Langford (2007) points out that we can determine the probability of carrying out repairs within a specified time by using the following formula: M(t) = 1 e-t/MTTR This is critical for reliability or maintenance engineers as it helps them decide whether to replace or repair a system or optimize the maintenance schedules. In the end, this will impact on the availability of system, in this case the LRT, when maintenance is carried out. On the other hand, MTBM is the average time between maintenance actions in consideration of the meant time between corrective maintenance (MTBMct) and the mean time between preventive maintenance (MTBMpt). Langford gives the following mathematical expression: Figure 1 MTBM MTBF is also a measure used by engineers during the design to enhance safety of systems and equipment thereby giving an indication of their performance, reliability, and availability. It is the mean time between recorded system failures. MTBF can be determined by calculating the mean of the difference between start of system downtime and uptime and diving the results by the number of failures as shown below. Figure 2 MTBF This is useful in projecting the likelihood of a particular equipment or system to break down with a given time interval. Human factors in designing concepts Human factor is considered as a discipline whereby knowledge generated by ergonomics, psychology, physiology, and sociology are applied in the improvement of the interaction between humans and technological systems. Its purpose is to understand the capabilities and limitations of the human beings and implement these findings into developing more safer and efficient technological systems. They play a significant role in transportation systems concerning customer experience, safety, operations, and maintenance. Due to this, any designer must treat human factors as an important element in the design process. According to Naumann et al. (2013) and Wilson et al. (2012), railway system designs have to consider human operators as a key impact factor in its operations. Some of the human aspects of the workplaces relating to the design of systems that should be looked into include the perception, communication, attention distribution, cognition processes and overload, vigilance, reaction to stressful situations among others. Even with the current high level of automation in railway systems, train drivers, system operators, and traffic operators still, play a key role in the provision of vital information in designing systems. Wilson et al. (2012) further note that when it comes to light rail systems, there is a higher workload and stressful situations for train drivers given the characteristics of suburban and urban areas. In these areas, there is a high number of train stops, sharing of platforms with other transportation means, interaction with passengers, etc. that could affect the concentr ation of the drivers. For this reason, it requires that the systems should be designed with much care. According to Wilson et al. (2012), given the implementation of on-board information systems in new urban rolling stocks that monitors and warns the driver on the status of the train, this at times causes high workload. As a result, the design and assessment of on board information systems should be based on cognitive design guidelines. In addition, given that rail cars at some points share the platforms with pedestrians as well as vehicles, it is recommended that the design of the cab should provide good visibility as per the driver anthropometrics via the windscreen to improve on early detection of danger and reaction to emergency cases. Furthermore, ergonomic assessment in the evaluation of the visibility, posture, and workplace health risk in addition to the use of heuristic models in the evaluation of human machine interface is vital in designing safe rail systems. As Rail Engineer state, even though humans can be good at adapting to different circumstances by rapid thinking and reaction, they are not best placed in handling the stress and work overload in emergency situations where immediate intervention is requisite. So as to ensure that these issues are addressed, it is essential that all aspects of the Human Machine Interface during the design phase are considered to recognize their impact on system function and performance. This can be achieved by designers by conducting interviews, administering question, or prototype assessment with all railway operators who will provide concrete feedback required to design efficient systems that are easy to operate with high performance (Schwencke et al., 2013). Conclusion and recommendation Light Rail Transit are increasingly being adopted by cities as a solution to traffic congestion in most urban areas given the high passenger capacity and high speed. In addition, compared to automobiles, there are fewer accidents or fatalities recorded of the LRTs. Besides, their eco-friendly nature is making them more attractive to environmental conscious cities. However, successful implementation of the LRTs projects requires extensive design processes that factor in the human factors to make them more reliable and safe. As discussed, it is, therefore, vital that system testing and evaluation should be performed on all components and equipment. This will help reduce addition costs that could arise due to faulty components or accidents. The testing and commissioning of such projects should strictly adhere to the FAT-SIT-SAT-SATOV model as previously discussed. In reference to operations optimization for the reliability of LRT, as a recommendation, an extensive analysis or feasibilit y on the areas where the light rail network will pass. This will provide concrete feedback on how best to design and lay the tracks in areas with a high trip generation with minimal interruption to other traffic. References Ć iroviĆ¡, G., MitroviĆ¡, S., BrankoviĆ¡, V. and TomiÄ iĆ¡-TorlakoviĆ¡, M. (2014). Optimisation and ranking of permanent way types for light rail systems. JCE, 66(10), pp.917-927. Fazhou, W., and Yunpeng, L., (2012). The Compatibility and Preparation of the Key Components for Cement and Asphalt Mortar in High-Speed Railway. INTECH Open Access Publisher. Langford, J. (2007). Logistics: Principles and Applications, Second Edition. 2nd ed. McGraw-Hill Education, pp.55-70. Li, M., Wu, G., Li, Y., Bu, F. and Zhang, W. (2007). Active Signal Priority for Light Rail Transit at Grade Crossings. Transportation Research Record: Journal of the Transportation Research Board, 2035(16), pp.141-149. LRT: Light Rail Transit Service Guidelines. (2007). 1st ed. [ebook] New York, USA: The National Association of City Transportation Officials (NACTO). Available at: https://nacto.org/docs/usdg/lrtserviceguidelines_vta.pdf [Accessed 16 Sep. 2016]. Naumann, A., Grippenkoven, J., Giesemann, S., Stein, J. and Dietsch, S. (2013). Rail Human Factors- Human-centred design for railway systems. In: 12th IFAC Symposium on Analysis, Design, and Evaluation of Human-Machine Systems. Las Vegas, NV, USA: IFAC Publisher. Rail Engineer. (2014). Automation in railway control The human factors. [online] Available at: https://www.railengineer.uk/2014/03/10/automation-control-factors/ [Accessed 17 Sep. 2016]. Schwencke, D., Grippenkoven, J., and Lemmer, K. (2013). Modelling human-machine interaction for the assessment of human reliability. Rail Human Factors 2013 Proceedings. London. Selvik, J. and Aven, T. (2011). A framework for reliability and risk centered maintenance. Reliability Engineering System Safety, 96(2), pp.324-331. Sharma, R. (2011). TESTING AND COMMISSIONING PROCESS FOR A LIGHT RAIL PROJECT. 1st ed. [ebook] Solihull, United Kingdom: Ove Arup Partners Ltd, Infrastructure and Planning Midlands (Rail). Available at: https://www.theiet.org/communities/railway/best-papers/documents/light-rail- paper.cfm?type=pdf [Accessed 15 Sep. 2016]. Twum, S. and Aspinwall, E. (2013). Models in design for reliability optimisation. American Journal of Scientific and Industrial Research, 4(1), pp.95-110. Wilson, J., Mills, A., Clarke, T., Rajan, J. and Dadashi, N. (2012). Rail human factors around the world. Boca Raton, Fla. [u.a.]: CRC Press/Balkema

Accounting and Financial Management Fiscal Crisis

Question: Discuss about theAccounting and Financial Managementfor Fiscal Crisis. Answer: The recent fiscal crisis has resulted in huge debate concerning the fair value accounting. Several critics have put forward their argument by stating that fair value accounting which is often known as market-to-market accounting that has considerably contributed to the fiscal crisis or have at least aggravated it brutality (Rey, 2015). Fair value accounting generally consists of reporting of assets and liabilities on the balance sheet at their given value and recognizing the changes in the fair amount in the form of gains and losses in the income statement. When marketplace is used in the determination of fair value then it is known as market value accounting. Critiques have put forward their argument that fair value accounting was majorly responsible for global financial crisis. The major accusations are that fair value accounting attributes significant amount of leverage during the boom period and results in extreme amount of write-down in busts. The write-down generally leads to declining marketplace prices, which ultimately depletes the bank capital by setting a descending spiral since banks were forced to dispose off their assets based on fire sale prices (Haas Lelyveld, 2014). This in turn results in contamination as the price asset fire sales of one bank turns out to be relevant in the other banks. Commencing from 2007 falling house prices arising out of the defaulting sub-prime borrowers, closure of mortgage fraud have resulted in problems relating to mortgage securities. This ultimately results in making the mortgage instrument complex. As the housing prices began to fall and default rate of mortgage started to increase since the marketplace for such kinds of securities have dried out for causes that was not related to accounting. As the rate of defaulters began to increase, due to the commencement of crisis these hedge funds noticed a large amount of outflow of capital during the middle 2007 (Bntrix et al., 2015). Large number of organizations originated these kinds of investment funds stopped the process of withdrawals and did not allowed redemptions of their investment funds. One may argue by stating that fair value accounting player a significant role in the conclusion of monetary institution so that they can bail out their investment funds. Supposedly, monetary organizations have expressed their fear by stating that trading on asset funds and assets in the illiquid market might have led to depression in prices and may have forced writing off assets that are held by the other asset funds or by themselves (Reddy et al., 2014). The fear of contamination may have played an important role in the decision-making but it is in doubt whether this was the first order that affected the investment bank. For investment banks concerns regarding their reputations, as they doubted that if one funds fails there might be the fear for further withdrawal of funds which were of great importance. To be more precise, the monetary problems of investment bank at the time of crisis are understood as the outcome of insufficient investments, short-term financing and high leverage. The shareholders have expressed their concern regarding the worth of fundamental assets instead of violent writing down of assets forced by the fair value accounting (Claessens Van, 2015). Finally, to conclude with it is improbable that fair value book-keeping stimulated global financial crisis since researchers have formed a positive association by stating that financial crisis was mainly determined by short term collateralized borrowing. During the beginning phase of the global financial crisis the controllers have looked accounting standards setters especially the IASB and FASB concerning the involvement, which it had made in the measurement of fair value of fiscal instrument, had on the fiscal crisis (Cavusgil et al., 2014). During calculation of fair value measurement inadequate considerations was regularly given to the various factors the instrument of fair value. Realistic problems have originated in the determination of fair value instrument particularly in the cases where marketplace have either distorted or vanished. Several observers have criticised that there is inadequate guidance particularly in the face of illiquid market. The criticism consisted of inadequate viewing of the inputs and models, which was used to conclude the fair value of instrument. Widespread leadership has been consequently released on the assessment of fair value in the illiquid marketplace and the policies containing risk, which is recommended in the determination of the fair value (Goh et al., 2015). The abundance of exotic products in the form of collaterized debt obligations were necessarily required to measure the fair value of chosen by the organization to be held at fair value which might help in recognising the instability of profit and loss. A huge amount of criticism was drawn at the IASB since several stakeholders were in the opinion that inadequate revelation was provided on numerous elements in the measurement of fair value. This included the sensitivity of inputs in the assessment of the fair value along with the impact of fair value measurement on the profit and loss (Bowen Khan, 2014). IASB has of late issued amendments to the current IFRS 7 that was based on the disclosure of financial statement. The amended disclosure, which was necessary for the entities with the financial reporting periods commenced on or after the 1st January 2009, and it is based on the US GAAP standard FAS 157, fair value measurement. The alterations to the IFRS comprised of the necessity of classification in the fair value measurement of the financial instrument under the three stage hierarchies of measurement. The three stages of fair value measurement hierarchies where level one consisted of obtaining fair value directly from the market price (Blankespoor et al., 2013). The second level comprised of deriving fair value mainly from the marketplace prices but with minimum amount of unobservable marketplace inputs. The third level of the hierarchy consisted of principally deriving value of instrument from the unobservable market inputs, which included valued off models. The modifications that were made to the standard comprised of making revelation of alterations among the three levels of dimensional hierarchies along with the detailed understanding of the sum that was recognised in the third level financial instrument identified at fair value. It also consists of making revelation of sensitivities to alterations in inputs based on the fair value assessment of fiscal instrument (Amel er al., 2016). The volume of work that is required to act in accordance with the standard and must not be undervalued since it need categorization and revelation of all fiscal instruments. In the decline of 2008, unstable financial markets have prompted actions by Australian Accounting Standard Board and the International Accounting Standard. One of important issues that was addressed by AASB was based on the off-setting the balance sheet accounting that was widely used in securitization (Hull White, 2014). The current accounting standard officially recognized off-balance sheet for passive entities and special purpose enterprise that existed in order to hold the incoming payment on those assets and passing down the payment to investors in the securities of those entities. The setters of standard have been criticised as why the accounting standards authorized definite dealings to be derecognised from the balance sheet and providing allowance to special purpose vehicle, which is established by the group not to be consolidated. This ultimately resulted in loan obligations, associated financial assets and profits or losses arising out of this vehicle not being included in the financial results of the group. In order to assess whether the control existed, a legalistic approach was followed which resulted in positive commitments. In relation to de-recognition of financial instrument, the current standard was written by the IASB and FASB comprised of multifaceted set of rules, which resulted organisations to assess precise transactions. To de-recognise the financial instrument off their balance sheet AASB has constantly attempted to create a principle based standards (Ettredge et al., 2014). Furthermore, an exposure draft was issued by AASB, which included t he procedure of determination of fair value of financial liabilities. In adopting the IASBs standard, the overall approach of AASB is to converge the content and wording of AASB. The convergence of IASB included emphasis on the profit making entities. AASB was accountable for setting up the accounting standard of all types for reporting entities. It is found that AASB standards have dealt with limited cases where there was a need to have different or supplementary requirements for non-profit making entities. The additions that were made did not create an impact on the requirements of the profit entities (Bischof et al., 2014). In developing the new or amended IFRS, the AASB released its exposure draft that contained those proposed changes and exclusively provides an invitation for comments from Australian equivalent to an IFRS, which is affected by the Australian environment. The influence of IASB led to AASB to adopt several additions and deletion from the standards. This included deletion of optional treatments from the IFRS when the existing standards allowed only one of those treatments. The AASB has undertaken the decision of making the Australian requirements similar to that of the IFRS in respect of the profit entities (DeJager, 2014). To attain this objective AASB has proposed the removal of large number of differences from the IFRS other than those that are dealt in specific non-profit making entity. The AASB proposed an options that presently existed in the IFRS and should be included in the Australian equivalent IFRS with additional disclosure must be eradicated other than those which was considered important in the Australian reporting environment. Reference List: Amel-Zadeh, A., Barth, M. E., Landsman, W. R. (2016). The Contribution of Bank Regulation and Fair Value Accounting to Procyclical Leverage. Bntrix, A. S., Lane, P. R., Shambaugh, J. C. (2015). International currency exposures, valuation effects and the global financial crisis.Journal of International Economics,96, S98-S109. Bischof, J., Brggemann, U., Daske, H. (2014). Fair value reclassifications of financial assets during the financial crisis. Blankespoor, E., Linsmeier, T. J., Petroni, K. R., Shakespeare, C. (2013). Fair value accounting for financial instruments: Does it improve the association between bank leverage and credit risk?.The Accounting Review,88(4), 1143-1177. Bowen, R. M., Khan, U. (2014). Market reactions to policy deliberations on fair value accounting and impairment rules during the financial crisis of 20082009.Journal of Accounting and Public Policy,33(3), 233-259. Cavusgil, S. T., Knight, G., Riesenberger, J. R., Rammal, H. G., Rose, E. L. (2014).International business. Pearson Australia. Claessens, S., Van Horen, N. (2015). The impact of the global financial crisis on banking globalization.IMF Economic Review,63(4), 868-918. deJager, P. (2014). Fair value accounting, fragile bank balance sheets and crisis: A model.Accounting, Organizations and Society,39(2), 97-116. Ettredge, M. L., Xu, Y., Yi, H. S. (2014). Fair value measurements and audit fees: evidence from the banking industry.Auditing: A Journal of Practice Theory,33(3), 33-58. Goh, B. W., Li, D., Ng, J., Yong, K. O. (2015). Market pricing of banks fair value assets reported under SFAS 157 since the 2008 financial crisis.Journal of Accounting and Public Policy,34(2), 129-145. Haas, R., Lelyveld, I. (2014). Multinational banks and the global financial crisis: Weathering the perfect storm?.Journal of Money, Credit and Banking,46(s1), 333-364. Hull, J. C., White, A. (2014). Valuing derivatives: Funding value adjustments and fair value. Reddy, K. S., Nangia, V. K., Agrawal, R. (2014). The 20072008 global financial crisis, and cross-border mergers and acquisitions: A 26-nation exploratory study.Global Journal of Emerging Market Economies,6(3), 257-281. Rey, H. (2015).Dilemma not trilemma: the global financial cycle and monetary policy independence(No. w21162). National Bureau of Economic Research.

Tragic heroes free essay sample

The term â€Å"tragic hero† is usually defined by one of the most important characters throughout a Greek or Roman play. Both plays Hamlet and Oedipus are both tragedies, because they display a conflict between the protagonist and a superior force which is their destiny. Having a distressed or catastrophic conclusion that leads to pity or terror. A tragic hero always acts exactly on his or her own emotions; thus aiding their tragic flaw and leading to their own demise without giving them the time to stop the repercussions of their emotion driven actions. Before analyzing that Hamlet and Oedipus, the critical approach used in both plays are archetypal analysis. Both tragic heroes, must at least follow the following; royal birth or of a higher class, they must have a fatal flaw, usually their punishment outweighs their crime, and then finally, sometime during where tragedy takes place there should be some sort of self-realization for that character. We will write a custom essay sample on Tragic heroes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Hamlet and Oedipus are both tragic heroes as they discover their fate by their own actions, they fall from great esteem and their story arises fear and empathy. Both men hold high statuses in their city, in William Shakespeare’s play â€Å"Hamlet†, Hamlet is a member of a royal family, the son of Old Hamlet and Queen Gertrude. He’s the next in line for the throne. This makes Hamlet the second most powerful man in Denmark, as he is the prince. Unfortunately, his Uncle Claudius (King of Denmark) has taken over for his brother. In Sophocles’ play â€Å"Oedipus Rex†, Oedipus is the ruler or the king of Thebes. He was born into royal blood by King Laius and Queen Jocasta of Thebes. He’s high standing in both political and the social hierarchy as he is the king and is very well known around the world. Hamlet possesses noble virtues, as he wants revenge and justice for his father. As his uncle poisoned his own brother, which made Hamlet’s strategy to kill him. Oedipus’ possesses noble virtues all over the play. After he killed his father (King Laius) at the crossroads, he automatically became King of Thebes. There was a Sphinx, and she stated that if anyone could solve her riddle, she would leave the city, but it was impossible too. Oedipus finally stepped up and tried to solve the riddle. This is shown as a noble virtues and that he isn’t self-centred.  Both men hold very high statuses, and have a huge respect in the society. Throughout the play, both Hamlet and Oedipus possess a tragic flaw within their personalities. This is led to pity or terror act. Hamlets tragic flaw is that he allows his emotions to take control over him and overshadow his wisdom. This is shown when Hamlet, keeps putting off his plan to kill his uncle. There were many impeccable times where he could of. When Claudius was in a room in the castle praying, Hamlet had the chance to kill him but decides not too because. Claudius will go to heaven because he is praying and he will go to hell. In another scene, Gertrude (mother) and Hamlet are in the room, talking about how she has disrespected her husband that had just passed away by marrying his brother. Hamlet, hears a noise coming from the curtain and instantaneously doesn’t think and stabs the person behind it thinking it was Claudius, while all along it was Polonius the father of Ophelia. This shows that Hamlet doesn’t act with any hesitation, which allows him to lose wisdom because of he wasn’t able to control his emotions. Oedipus’ tragic flaw is that he’s determined to find the truth. He lives in the city of Corinth with his parents King Polybus and Queen Merope, but was told later on that those aren’t his biological parents. While searching for his birth parents, he found his way to Delphic Oracle, while visiting there he finds out about the prophecy surrounding him. He decided to leave Corinth and find his way to Thebes, which makes him closer to fulfilling the prophecy. Once he’s arrive to the crossroads. He got into an argument with his biological father King Laius, but doesn’t know who he is. Instead of talking it out, he kills him, â€Å"It was there the driver thrust me aside and him I struck, For I was angry†¦ And every man of them I killed.† and completing the first part of the prophecy. Oedipus’ noble virtues lead him to his unintentional horrific act and he completes the prophecy. He’s is given the throne of Thebes, once he answered the Sphinx’s riddle and marries his mother Queen Jocasta, but doesn’t know they’re related. The fatal flaws shown by these heroes, contribute to their downfall but also cause a huge misfortune, as well as for the people who surround them. Hamlets fatal flaw was the results of his own death in the end of the play, as he died Laertes’ sword which had poisoning on it. His lack of ability to  control his emotions affected the family of Polonius, his family and the empire of Denmark greatly. Hamlet’s accident of killing Polonius led to a huge disaster. Hamlet’s over Ophelia, committed suicide thinking the death of her father was her fault because she rejected Hamlet. Hamlet ends up killing Laertes the brother of Ophelia and son of Polonius. He killed all of Polonius’ family, which means the bloodline was over. Gertrude ends up dying as well, as she drank from the poison glass which was meant for Hamlet, that Claudius made. Hamlet kills Claudius, then kills himself which means there was no more royal family of Denmark. Fortinbras then took over Denmark just in time after the death of Hamlet. Oedipus’ fatal flaw leads him and the people around him to great misfortune. As Oedipus finds out that he married his mother and kills his father â€Å"completing the prophecy† he decides that he doesn’t deserve the ability to see, â€Å"You, youll see no more the pain I suffered all the pain I caused! Too long you looked on the ones you never should have seen, blind to the ones you longed to see, to know! Blind from this hour on! Blind in the darkness-blind!† He is then banished and ashamed for the rest of his life, his biological mother Queen Jocasta committed suicide, when she found out she was married to her son. Oedipus’ is then exiled and shamed for the rest of his life, Queen Jocasta ends up committing suicide as a result of finding out that she married her own son. King Laius suffers dreadful disasters at the hands of Oedipus himself, when he killed him at the crossroads. His children’s Antigone and Ismene, also suffer because of his acts. Once the truth is out about Oedipus murders, he said that his daughters won’t be able to live a happy and normal life anymore because of what he has done. â€Å"Though I cannot behold you, I must weep in thinking of the evil days to come†¦ Where’s the bold wooers who will jeopardize†¦Ã¢â‚¬  As seen in both plays, Hamlet and Oedipus are a tragic hero of the story, everybody suffers and no one is left untouched. The two protagonist Hamlet and Oedipus are different in their plays, they both have many similarities that fit the meaning of a â€Å"Tragic Hero†. They both are high in their society, have noble virtues and acquire tragic flaws leading to a pity or terror act and causes a major downfall of the characters and the misfortune around them. This type of archetype has been around in literature for many many years, it allows the reader to understand the protagonist better.