Thursday, January 30, 2020

Argue the case for and against Globalisation Essay Example for Free

Argue the case for and against Globalisation Essay This essay will concentrate on the factors of Globalisation and the effects it has on the world. Globalisation can be defined as something which has become spread across the globe. This includes all manner of objects such as people, money, technology and even ideas. The concept of globalisation has been going on for many centuries but it is only in recent years that it has become a major issue. The Roman Empire was a global society as the Romans ruled much of the known world. They used colonialism as an economic process in order to globalise themselves. From these colonised areas they obtained goods and raw materials which they could ship across the world. This still happens to this day and people also migrate causing multicultural countries. Cultural forms start to cross and become global forms. An example of this is sport. Many countries will play the same sport and even compete against each other. This was shown in the recent Commonwealth Games in Manchester. Cultures can be spread even through art and fiction. Novels and stories representing different peoples lives and experiences are read throughout the world spreading these cultures. In the process of Globalisation it is Decolonisation that takes place. In the past century many countries have gained independence. We now live in a new world order. Arjun Appadurai explains about Globalisation in the article Modernity at Large which is found on the website listed in the Bibliography. Appadurai has studied globalisation and has named a number of global flows. He describes the different ways in which Globalisation takes place. Ethnoscapes is the flow of people going around the world, for example tourism. It can also be seen when people migrate and is evident in modern society with refugees and asylum seekers. Trans-national class people are business and homogenous people who determine things like fashion and music. One of the most global items is money. Appadurai defines this as Financescapes. People send money across the world for their relatives and to pay for goods they have bought from a different country. There are many different ways for money to be transferred around the world, some are legitimate but there are also illegal ways such as drugs, arms and porn industries. These industries send vast amounts of money all over the world. The other big industry is that of Technology Technoscapes. In todays electronic age it is easier than ever for information to be moved from one place to another. The Internet, computers, mobile phones and other such electronic devices all provide consumers with the easiest form of the transferral of technology. Commodities around the world are becoming global. Products like Coca-cola, McDonalds, Microsoft and Nokia are now all recognised around the world. It is estimated that in 1990 the one hundred biggest transnational corporations produced 50% of the worlds output. So it is clear that globalisation is more than ever present in the modern world. All the above factors contribute to the increasing global nature of our society. However, what does all of it really mean? Does the fact that Globalisation is increasing result in the world getting better or worse? In order to answer these questions we must examine the benefits and disadvantages of living in a global culture. As mentioned before, one beneficial aspect of Globalisation is that of technology. Technological advances have resulted in the improved lives for millions of people around the world. This improvement was not restricted to just individuals but to communities, groups and even to the extent of countries at large. It cannot be denied that Globalisation has benefited businesses and companies in respect to technology and their target audience. However, some would argue that this mass technological advancement could lead to a lack in privacy. With the Internet in thousands of homes and with almost any kind of information available on it, some people feel that their privacy is invaded. Is Big Brother really looking at us at every opportunity? An obvious advantage of globalisation is that it brings together many different countries. The best example is probably the United Nations or the UN. This is a collection of some of the worlds most powerful countries and they have come together to become, arguably, the most powerful force on the planet. They are, however, a peaceful organisation who tries to uphold international laws. Perhaps one of the first steps to Globalisation was to name the different continents. This automatically places countries into groups and they can all be referred to by one name, for example Europe or Africa. Does this mean that everything is going to be the same? If the different countries are becoming recognised as one large continent then does it result in these countries being the same themselves? There isnt this much of lack of diversity. Globalisation may be more than ever present but every country has its own history, culture and way of living. This creates and upholds diversity in all countries. The immigration and emigration of people causes cultures and communities to spread all over the world which is another way of diversity being created. There are two main theories of the world. The first says that the world is becoming more American where as the second suggests that the world is becoming more diverse. The world being similar is known as homogeneity and the contrasting view of diversity is referred to as heterogeneity. So to conclude, it is clear that the world is becoming more and more globalised, especially in recent years. Globalisation is a man made feature of our world and it is unlikely that it will stop or even slow down in the foreseeable future. It does have a number of advantages and disadvantages, some of which highlighted in this essay. Globalisation may lead to a compression of the world and an intensification of consequences of the world as a whole but the benefits must surely outweigh the bad points as otherwise it would not have existed as long as it has. One thing this essay has concluded from researching the issue of Globalisation is that the world is so big and yet so small at the same time. We now live in a global village Marshall McLuhan. Bibliography R. Robertson, 1992 Globalisation N. Abercrombie A. Warde Contemporary British Society D. Cooper Power in struggle

Wednesday, January 22, 2020

Mike Nichols Film, Wit Essay -- Film Movies

Mike Nichols' Film, Wit In the film Wit, directed by Mike Nichols, Emma Thompson (Vivian Bearing) is portrayed as a woman professor who had dedicated her life to teaching and studying John Donne and his sonnets. She was about 48 years old and was diagnosed with stage IV ovarian cancer. This film showed us some of the hard decisions that Vivian had to make such as when she agrees to the radical and painful chemotherapy. The film showed us the changes she went through like in her body and mind (hair, weakness, weight, color etc.). Wit was a difficult and heartbreaking film to watch. By the end of the fist scene I knew where the film was headed just by technique and tone. How many films have you seen with a woman diagnosed with cancer, have a happy ending? Most of the action takes place in Vivian’s bed. There are a lot of close-ups on Vivian. The camera was all in her face even while throwing up. This film reminds me of one of my favorite movies Ferris Beuler’s Day Off. How, at times it was as if he was speaking right to the camera and the viewers. In the film V...

Tuesday, January 14, 2020

Twelfth Night Coursework Assignment

5. â€Å"Conceal what I am† Explore the theme of disguise and deception in â€Å"Twelfth Night† William Shakespeare's ‘Twelfth Night' is based around disguise in the form of deception. In ‘Twelfth Night', disguise takes many different shapes from physical to mental disguise. One of the major themes of ‘Twelfth Night' is also misperception and deception. Yet, paradoxically along the way there are many problems, deceptions and illusions, providing a comment on human behaviour and creating comedy. In ‘Twelfth Night', Shakespeare explores and illustrates the theme of deception and disguise with precise detail. In ‘Twelfth Night', it is evident that the fluctuation in attitude to the dual role and situation and tribulations imposed upon the character of Viola ends up in a better understanding of both sexes, and thus, allows Viola to have a better understanding for Orsino. â€Å"Stand you awhile aloof. Cesario, Thou know'st no less but all; I have unclasp'd To thee the book even of my secret soul.† Here it is apparent that after very little time Viola has won the trust of Orsino through her disguise and he seems to have decided that he can divulge more in Viola than in anyone else. She decides to take on this identity because she has more liberty in society in her Cesario mask, which is obvious when Orsino readily accepts her. Orsino confides in Cesario the most intimate feelings of his ‘secret soul' and grows accustomed to Cesario very quickly, whereas, in her female identity, it is clear that she would not enjoy such freedom. I also think this is significant, as Shakespeare is conveying the impression that because Viola has disguised herself as a ‘eunuch' she has more autonomy and less constraints; I think Shakespeare's underlying and implicit message is that sometimes it is beneficial for women to dress as men to achieve freedom; therefore assuming a disguise is necessary. The theme of deception is also evident immediately in the play. A supposedly ‘noble' Duke Orsino is suffering due to his unrequited ‘love' for the Lady Olivia. † If music be the food of love, play on, Give me excess of it, that, surfeiting, The appetite may sicken, and so die.† There is a touch of unreality and deception here about Orsino's distress, as if he unconsciously enjoying the situation he is in and so the audience is left to deduce whether or not Orsino is in self-deception. Shakespeare hints here that Orsino's love for Olivia is a hyperbolic, abstract love and one of self-indulgence as it is ‘high-fantastical' and so he encourages the audience to look more intimately and interpret Orsino's ‘spirit of love' as one of self-delusion. Orsino constantly reiterates how immense his ‘love' is for Olivia, but it is easily seen as empty rhetoric. He is infatuated with the notion of love, and himself as the great, contemporary lover rather like Romeo from Shakespeare's ‘Romeo and Juliet'. Deception plays a role here because it is clear Orsino's conception of himself is misplaced and so he is self-deceiving and also this highlights his egotistical nature. Shakespeare also uses iambic pentameter here and this defines Orsino's character to a certain degree. Iambic pentameter shows control and yet the emphasis here is on the instability and the intensity of his love for Olivia. This leads us to believe he is ‘in love with the notion of being in love'. This oration by Orsino also tells us something about his character and mood: he is in love, but this does not bring him happiness, rather a profound melancholy. His speech then turns to images of disease and death and it is excessively evident here that Orsino is misleading himself. ‘Excess†¦surfeiting†¦sicken†¦die†¦dying' Orsino, here, has dramatised his passion and love for Olivia so much that he thinks he will die if she does not love him. It is clear he is deceiving himself and his situation can be interpreted as him being preoccupied with the sensation of love itself, feeding his emotions with music and elaborate poetic imagery. Shakespeare conveys Orsino's ‘love-thoughts' emotions for Olivia as passive, self-regarding and melancholic and Orsino as unrepresentative of his veritable feelings. Shakespeare invites the audience to interpret Orsino's ‘love-thoughts', which ‘pursue' him as artificial ones because of the way Orsino is portrayed. â€Å"Be not amaz'd; right noble is his blood. If this be so, as yet the glass seems true, I shall have share in this most happy wreck.† Orsino here demonstrates a rapid detachment from Olivia and instead switches his attentions to Viola. This extremely quick change of ‘love' from Olivia to Viola confirms his superficiality and self-deceit. The theme of disguise and deception is again present in the next scene where Olivia is in passionate mourning for her brother who ‘shortly died'. However, it is also clear that Olivia herself is in self-deceit. Her way of mourning involves her hiding behind a veil or disguising herself from the truth and refusing male company which is illustrated when she says like a ‘cloistress' she will ‘veiled walk' around with ‘eye-offending brine'. The mourning over her brother's death is very dramatic, but she just lives the idea of mourning as she feels that this would do the death of her brother justice. She attempts to disguise all this under a veil, but to no triumph as her genuine personality shone through. Olivia as part of her mourning vowed that no man would see her face â€Å"till seven years' heat†. But regardless of this, falls in love with Cesario which shows that her resolution is short-lived and the audience is left to question her sincerity. â€Å"Unless, perchance, you come to me again To tell me how he takes it†. Olivia is disguising her flirtatiousness towards Cesario by pretending that she only wants him to come back to bear news of Orsino's reaction to her rejection. To further disguise her feelings, and deceive Malvolio, she tells a blatant lie to him, pretending Cesario left a ‘ring behind him'. â€Å"She returns this ring to you, sir; you might have saved Me my pains, to have taken it away yourself.† Olivia uses deception to further her cause with Cesario and it is made inherent to him that she has fallen in love with his outward, disguised appearance. Also deception features here as, ironically, Olivia's advance is just as deceitful as Viola's mere presence. It is clear to the audience that Olivia is deluding herself that she will be in deep mourning for her brother for ‘seven years'. Her first appearance, which ends with her falling for the disguised Viola, shows the shallowness of her real feelings of anguish. When Olivia, who is taken in by Cesario's ‘youth's perfections', falls in love with Cesario she instantaneously forgets about mourning. Olivia's elaborate, grief-stricken gestures towards her dead brother are examples of dramatised and overly exaggerated displays of emotion. Her grief may well be genuine but her extravagant vow to mourn him for ‘seven years', sprinkling her chamber with tears and wearing a veil are quite simply empty gestures. On closer inspection one can also infer that Olivia is perhaps using her brothers death to conceal her aspirations for Cesario to remain close to her. â€Å"I bade you never speak again of him; But, would you undertake another suit, I had rather hear you than solicit that Than music from the spheres.† It is made explicit to Cesario that she wants to be courted by him, which is comical to the audience as they know about Cesario's masquerade, and this is another example of the way Cesario deceives through disguise. Olivia has just lost her family, but her display of sorrow is very theatrical and self-deluding and seems to be full of barren gestures which say nothing about her true grief but merely disguise her true feelings and serve to self-deceive. Another character that is guilty of self-deception is Olivia's servant Malvolio. A scene, which prepares us for dramatic irony, is when Maria writes the letter to Malvolio, under the pretence that it is from Olivia. As the audience is aware of this deception it sets up the dramatic irony, because Malvolio himself is not aware of it when he finds and reads the letter. Malvolio in his conceited role presents the possibilities of a very bland and critical existence, however when drugged with the mere possibilities of conceit, believing himself superior to others, he becomes the most absurd of all the characters and he reveals to us his disguised feelings. â€Å"Go, hang yourselves all! You are idle shallow things; I am not of your element; you shall know more hereafter.† Malvolio has extreme ambitions and aspirations to advance in social class by marrying Olivia which the audience can clearly interpret as self-delusional. Maria's letter is only able to convince him that Olivia loves him because that is what he wants to believe. When the letter tells him to act proud and haughty, it only gives him permission to show how he already feels, as it appeals to his vanity. This trick would not have worked if the letter had not been disguised as Olivia's, however, it is also important to include that Malvolio's disguised feelings and self-deception convince him of its authenticity. It is his capacity for self-deception and it is really Malvolio's ‘self-love' which makes him easy to trick. Malvolio is also in disguise in the class system. He dresses in black and never laughs. â€Å"My masters, are you mad? Or what are you? Have you no wit, manners or honesty,† This however, is merely a disguise that he assumes, that allows him to criticize others. Under this disguise Malvolio is full of self-importance he is also self-absorbed and extremely vain. He conceals his ‘puritan' personality during this ‘gulling' episode and puts on ‘yellow stockings' and behaves uncharacteristically boldly. When he is on his own he reveals he often daydreams of ruling a thrifty and solemn household while he plays with ‘some rich jewel', and that Olivia will marry him and as a result he will become ‘Count Malvolio' her equal. This shows his embedded self-deception. It is also ironic that Malvolio is more successful at fooling himself than he is at deceiving others. Malvolio is sure that some accident of luck has caused a man as fine as him to be born a servant rather than a master and that fortune will eventually correct that mistake. â€Å"all that look on him love him.† This reveals his arrogant nature and the fact that he is self-deceiving. Self-love is evident in many characters of the play, however, Malvolio's self-love combined with his instinct for social climbing makes it more obtrusive. To conclude, Malvolio is self-deceived before he is deceived. Shakespeare makes this clear by exhibiting Malvolio's vain glory just before he finds the forged letter: ‘To be Count Malvolio!'. The physical disguise in ‘Twelfth Night' brings to light those who have mental illusions as to who they are. Malvolio for example considers himself to be respected and is the first person to call other characters a ‘fool' when in fact the audience think of him as a fool. Deception and disguise also play a major role in the characters of Maria, Sir Toby and Sir Andrew. Sir Toby often persuades Andrew to give him money or buy him drinks in return for allowing him access to Olivia, in order to court/woo her. â€Å"Send for money, knight; if thou hast her not i' th' end, call me Cut.† Andrew does not realise that Sir Toby is fooling him and using him to pay for his entertainment and so deception plays a part here because Sir Toby is deliberately deceiving and deluding Sir Andrew to exploit him. It can also be argued that Sir Andrew is self-deceiving because he actually thinks that the rouge Sir Toby is his genuine friend, however, it is clear to the audience that his friendship with Sir Toby is feigned. However, it is also clear that if Sir Toby did not encourage and prompt him, he would never have aspired. ‘No faith, I'll not stay a jot longer.' This is important because it shows that although Sir Andrew is deceived, and foolish, he is not self-deceived. This also proves that although he is foolish enough to dream of Olivia's hand, he is scarcely hopeful which shows that, unlike Malvolio, he has a greater sense of reality and does not delude himself or disguise that he knows Olivia does not love him. Another form of disguise, Shakespeare's use of masks in the play, also contributes much to the disguise and deception in the play. These masks put characters in a form of ‘darkness of night,' allowing them to become someone else. Shakespeare uses masking imagery throughout the play. The perfect example of this can be seen in Feste the jester. Feste demonstrates masking imagery when he disguises himself as ‘Sir Topas' and is sent to judge Malvolio's state of mind. â€Å"Sir Topas, never was man thus wronged. Good Sir Topas, do not think I am mad: they have laid me Here in hideous darkness.† By adopting this disguise, Feste is able to expose Malvolio's self-conceit and other faults and therefore he successfully reveals Malvolio's hidden feelings by disguising himself. Also Feste, in the guise of the Fool, comes out with wise and intellectual comments contrary to his role. Although characters wear masks, their true identities are always revealed. I interpret this as Shakespeare alluding to the fact that all disguises can be exposed. This statement is reinforced when Feste says: ‘Eyes show the days'. Feste is able to penetrate all the masks of the others, and he succeeds in concealing his own which makes him a master and professional of disguise. Feste is an ‘allowed fool' a professional jester who has to be quick witted and clever to make jokes and puns. He is not expected to be idiotic or simple-minded. Viola, in her disguise as Cesario, is able to talk to her lover in a way that she could not do as a woman; she takes advantage of this situation and schools Orsino on the realities of love. â€Å"She never told her love,†¦.. Feed on her damask cheek.† Here Viola counters Orsino's narcissism with her own sad story of concealed love. Shakespeare accentuates Orsino's exaggerated, excessive idea of love, by showing alongside it the genuine love felt by Viola and therefore Orsino's speech is undermined, as what he said is ironic. So, although Viola is disguising her feelings for Orsino, she does not deceive him and unreservedly hints that she has suppressed feelings for him. Sebastian's relationship with Antonio is one of disguise because Antonio implicitly reveals his ‘love' for Sebastian but deceives him and perhaps self-deceives as being just friendship, as one can conjecture that he is gay. â€Å"If you will not murder me for your love, let me be your servant†. This suggests that Antonio has repressed homosexual feelings for Sebastian that he disguises by pretending to only be his close friend. The play abounds in references to these different forms of disguise, to the gap between what appears to be true and what really is. Viola calls disguise a ‘wickedness/Wherein the pregnant enemy does much' when she realises that Olivia has fallen in love with her persona as Cesario. In the play's moral scheme disguise or self-deception creates frustration and confusion. Antonio, for example, regrets the ‘devotion', which Sebastian's handsome features had inspired in him. Word- play is also a form of disguise and the numerous puns in the play reflect this theme on a linguistic level. The dramatic convention of disguise produces ambiguities of meaning and emotion throughout the play. So, to conclude, I would argue that in ‘Twelfth Night' every character conceals and deceives, however, without doubt Viola's concealment of her physical shape as a woman, and emotions for Orsino is essential to the plot and creates the comedy and confusion.

Monday, January 6, 2020

Galileo Scientist, Scholar, Rebel Essay - 1708 Words

Seventeenth-century European study was controlled by two powerful forces: the Roman Catholic Church, headed by the Pope, and ancient philosophy dominated by the 2000-year-old ideas of the Greek philosopher, Aristotle. The Church had an overwhelming influence on the lives of most Europeans. During Galileo’s time one in twelve people living in Rome was either a cleric or a nun.1 The Church forbid any teaching that deviated from what was taught in the Bible. To enforce this control, the Church set up the Inquisition. Galileo was targeted by the Inquisition for his observations and experiments. 2 Because his teachings differed from the socially accepted ideas of Aristotle, the Inquisition believed he should be persecuted. Even though†¦show more content†¦Galileo found that after publishing this, a small physics book, he acquired a reputation as an astounding mathematician with profound unconventional views on scientific wisdom.11 In 1589 the college dropout found a job at the University of Pisa thanks to the help of his rich friends.12 Galileo taught his classes by experimentation, and found many of Aristotle’s theories to be incorrect. Galileo discovered that Aristotle’s predictions on motion were wrong and wrote a pamphlet that criticized Aristotle’s view. Although the pamphlet had ideas that are still respected today, it did not win the support of the university, and eventually, when Galileo’s contract expired the university did not renew it. nbsp;nbsp;nbsp;nbsp;nbsp; In 1592 Galileo returned home to find work.13 He secured a teaching position at the University of Padua. The following year his family found themselves in financial distress. Galileo’s father died, leaving Galileo in need of an alternate sources of income. Galileo focused his spare time on inventing the military compass. The invention of the military compass helped boost his reputation and became a source of much needed income.Show MoreRelatedAge Of Reason And The Scientific Revolution1089 Words   |  5 Pagescan be categorized into two different time periods. First, was the Scientific Revolution when many scholars created new ways of thinking about the natural world. The Scientific Revolution ended around the late 1600s. Although this time period was over, common ideas spread to the next period. The second time period in the Age of Reason was the Enlightenment. The Enlightenment was when scholars and philosophers started to reevaluate old aspe cts of society and how it functions. The Age of ReasonRead MoreCosmology in Miltons Paradise Lost2810 Words   |  12 Pagescosmologists stressed the unified, organic character of the cosmos, ruled by a world soul and bound together by astrological forces and the macrocosm-microcosm relationship. In an important continuation of early medieval thought, twelfth-century scholars described a cosmos that was fundamentally homogeneous, composed of the same elements from top to bottom: Aristotles quintessence or aether and his radical dichotomy between the celestial and terrestrial regions had not yet made their presence feltRead MoreHerbert Spencer Essay13142 Words   |  53 PagesEnglish philosopher, scientist, engineer, and political economist. In his day his works were important in popularizing the concept of evolution and played an important part in the development of economics, political science, biology, and philosophy. Herbert Spencer was born in Derby on April 27, 1820. His childhood, described in An Autobiography (1904), reflected the attitudes of a family which was known on both sides to include religious nonconformists, social critics, and rebels. His father, a teacher

Sunday, December 29, 2019

Sexual Assault And Transgender Women - 1161 Words

In the news article â€Å"Asked to be paid, got sexually attacked† in the Toronto Sun from October 27 by Dean Fritchard, the author talks about James Marshall Le Clair who was accused of â€Å"sexual assault causing bodily harm and robbery† (Fritchard, 2015) of transgender women who provided sex services. It happened July 31, 2013 in Winnipeg. 10 month before the violator was charged for aggressive sexual assaulting his girlfriend, but he was released on bail. However, in the Calgary case a judge has not issued a verdict yet. Therefore, defense lawyer said that this case should be considered as a first-time offence. The offender and the victim met in his house by prior agreement. But when the women ask to pay in advanced, he beat and raped her. Offender does not accept his guilt. In this article is addressed the problem of gender inequality, especially inequality in relation to the transgender people. However, all women are affected by male privilege, but for transgender women effect is doubled. While women are generally exposed to misogyny, transwomen, in addition, suffer from transphobia. Because of these two intersecting discrimination transwomen are exposed to sexual violence in an even greater degree than other women. Researchers say that approximately 50% of transgender people experience sexual assault at some point in their lifetime (48). In this news article the author takes a neutral position. He points out facts and opinions of all defendants in the case withoutShow MoreRelatedBathroom Rights For Transgender Individuals1289 Words   |  6 Pages Bathroom Rights for Transgender Individuals Josephine Do HDE 110 February 2, 2017 Bathroom Rights for Transgender Individuals Transgender rights and policies have always been an ongoing debate. 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After Ab12661648 Words   |  7 Pagesbeen violated by a transgender person would have the right to sue for no less than $4,000† (Garza). The act also requires that people use the bathroom that matches their birth sex and this includes bathrooms in public places and in government buildings. Norms Kristen Schilt and Laurel Westbrook, sociologists from the University of Chicago and Grand Valley University, describe in their article â€Å"bathroom battlegrounds and penis panics† the underlying logic and myths behind the â€Å"sexual predator† argumentRead MorePolicing The Potty, The Dark Veil Of Protection883 Words   |  4 Pagesbathrooms under the thin veil of protection. Bathroom facilities should no longer be segregated by gender to prevent transgender-based discrimination, therefore decreasing the prominence of depression associated with transgender people because a binary view of gender is flawed. Western society has commonly viewed gender in a binary way: male and female. 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However withRead MoreThe Houston Equal Rights Ordinance1371 Words   |  6 Pagesthe voters by referendum (Fernandez). The premise of the anti-discrimination ordinance is similar to those of other cities across the nation; to prevent discrimination on the bases of 15 different classes including race, age, gender identity, and sexual orientation. Houston’s mayor Annise Parker, who identifies as gay herself, was a strong supporter of the proposition for equal rights, and as all supporters in the Houston area agreed, it would put Houston on t he map of inclusive and tolerant citiesRead MoreDomestic Violence Is The Violent Confrontation Within A Family Household1195 Words   |  5 PagesValentina Marmol Women’s Literature Ms. Bruno 6 June 2016 Domestic Violence Domestic violence is the violent confrontation within a family household including physical abuse or sexual assault. This assault usually occurs in former spouses or relationships. 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Friday, December 20, 2019

The Effectiveness of the National Security Association...

The Effectiveness of the National Security Association (NSA) American citizens are entitled to own freedom, which says that the citizens can act, behave, and do whatever we want without worrying about someone watching our every move. Ayn Rand once said, â€Å"Civilization is the progress toward a society of privacy. The savage’s whole existence is public, ruled by laws of his tribe. Civilization is the progress of setting a man free from men.† The National Security Association (NSA) was set up to protect the American citizen’s freedom, although they may push their boundaries which interferes with the right to privacy; this organization is very effective. The National Security Association is a necessary organization that is effective in†¦show more content†¦The NSA was the first to see Soviet missiles in Cuba in 1962, and also warned the United States about China’s first nuclear bomb test in 1964 (Evolution of NSA). The National Security Association is associated with many reforms and many strategies. The N SA surveillance reform includes many effective and strong techniques. The reform can track the number of both callers on a phone call, also this reform can identify the location of both parties, while seeing how much time was contained in that specific phone call (NSA Surveillance Reforms). This is by far the most effective part of the reform, because the government can track any potential terroristic threats, locate both parties of the phone call, and prevent any attacks from occurring. According to (State) the National Security Association surveillance reform can encounter fiber optic cables underwater and can also hack into the United Nations video chat systems. This is effective because the government can see what any of the nation’s leaders are talking about and can distinguish whether or not the government needs to proceed taking action. 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Thursday, December 12, 2019

Use of ESG Social and Corporate Governance

Question: Argue against the use of ESG to value companiesProvide 2 well-founded arguments - including citations from at least three academic papers per argument - to support the case against the use of ESG criteria in the company valuation process. Answer: Abstruct ESG refers to environmental, social and corporate governance. The expression ESG materialized globally in the recent past and has widely been used by investors while evaluating businesses in the perspective of corporate behaviour. The term basically highlights an organizations effort in regards to the environmental conservation, social responsibility like giving back to the community and the its internal governance as it relates to management appraisal and employees welfare. There are no specific ESG matters as such but they more or less exhibit traits like: Address subjects that have conventionally been taken as none financial with a medium or lasting prospects. Qualitative substance that cannot out rightly be quantified in financial requisites. Focus on externalities (expenses incurred by other companies or by the public at large) that haven't been caught by market instrument. Introduction The discussion on whether taking into consideration environmental, Social and Governance (ESG) aspects can improve a company's financial returns has been going on among institutional investors for nearly twenty years now. The cynic assert that the phenomenon termed as 'Socially Responsible Investing' (SRI) does not uphold elemental scrutiny, constrain the investable world, and operates opposite to the doctrines of current Portfolio Theory. Supporters on the hand inform that markets do not simply value ESG prepositions owing to the fact that they are geared towards addressing long-term perils that are yet to infiltrate into the current economy. A lot of research has gone into the subject others supporting while others opposing the argument. This article seeks to counter the argument by uncovering reasons why the ESG phenomenon is not sufficient enough to be employed in company valuation. Returns In reality there are no connections existing between a company's return and ESG reporting. Studies indicate that that the five companies with the uppermost profits in APGs portfolio did not report on ESG matters. Contrary, the five organizations with the utmost standard of ESG exposure had recorded downbeat income(Krosinsky et al. 2012). In my opinion, it's clear that detailed reporting and exposing ESG information and the ultimate ESG incorporation does not necessarily bring any difference with organization that do follow the norm. The practices of ESG themselves should be encouraged as generally it leads to improved social status and also environmental sustainability, however, when it comes to company valuation ESG cannot be quantified as a metric to measure companies. For instance, companies involved in oil and other mining exploration may inherently score poorly in the ESG based scale, however the impacts of the said institutions in their national economies are by far not attainable by companies scoring high in ESG scale. Take for instance, Saudi Arabia's economy which overly inclined towards oil as the greatest almost sole contributor to the GDP, the oil burned is presumably among the biggest contributor to global warming, yet the companies involved sustain the people of the nation(El Mallakh, 2015). Company valuation While it is common sense to honor companies that value ESG reporting, its utter mistake to under value a company based on its ESG performance. Studies indicate that its not yet clear whether observing ESG has any future economic returns in the future (Nagy et al., 2013). Pitt-Watson(2015), cautions that it may be a good sign if companies exposing their ESG were valued higher, but in truth they were not. If there existed were a relationship between the two, organizations not reporting ESG would run low on hedge funds relative to those reporting. However, the reality is that not one of the one thousand two hundred companies started by hedge funds in the United Kingdom in 2012 employed the move. Conclusions From these paper and other scholarly materials its evident that the ESG phenomenon is still in its toddler stages. There is no conclusive evidence to pin down its long term value addition prospects to an organization and therefore not the best metric as far as the company value is concerned. The argument discovered that the affiliation between ESG reporting and valuation is still blurred. Evidently, we are still at the infant stages. However, global trends like climate change and resource shortage, make the shift towards ESG incorporation and better ESG expos irrevocable. References El Mallakh, R., 2015. Saudi Arabia: Rush to Development (RLE Economy of Middle East): Profile of an Energy Economy and Investment. Routledge. Krosinsky, C. and Robins, N. eds., 2012. Sustainable investing: The art of long-term performance. Routledge. Nagy, Z., Cogan, D.G. and Sinnreich, D., 2013. Optimizing Environmental, Social and Governance Factors in Portfolio Construction: Analysis of three ESG-tilted strategies. Social and Governance Factors in Portfolio Construction: Analysis of Three ESG-Tilted Strategies (February 20, 2013). UNEP, F., 2010. Translating ESG into Sustainable Business ValueKey Insights for Companies and Investors.