Privatizing Health Care in Canada

Introduction The health care system of Canada comprises several health insurance policies that provide health coverage to all citizens. It is funded by the government, and managed on territorial basis (Angell 46). However, the federal government establishes the guiding policies and principles that manage it. Canadian citizens get access to preventive care and medical treatment through the provisions of the health care system.Advertising We will write a custom research paper sample on Privatizing Health Care in Canada specifically for you for only $16.05 $11/page Learn More In addition, they have access to special treatment services and other medical services. Under the health care system, all Canadian citizens have access to health coverage regardless of their economic status, medical history, or living standards (Axworthy and Spiegel 55). However, few are exempted from health coverage due to various reasons. The health care system is subject to politica l debates because of doubts regarding its ability to provide efficient health care to citizens. Many critics advocate for a private system similar to the one that Americans use. However, fears of possible development of inequalities have arisen due to privatization proposal (Angell 48. It is important to privatize health care in Canada even though it might give rise to inequalities that will affect many people. Components of the Canadian health care system The Canadian Health Act forms the basis of the Canadian health care system. It has five main components that include public administration, comprehensiveness, universality, portability, and accessibility (Axworthy and Spiegel 59). These components are the main reasons for opposition of privatization of the health care system. The act gives the authority to administer provincial health insurance to a public authority that does not seek to make any profits from delivery of services. The authority is responsible for overseeing the ac tions of the authority, and the medical and financial accounts are subject to governmental audits. The act also requires all health services to be insured. Under the act, all insured people should have equal access to all health care services (Angell 51). It also provides coverage to any citizen who moves form one province to another. Finally, it provides access to health care facilities to all citizens, and appropriate compensation for all service providers.Advertising Looking for research paper on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More Effects of privatization Canada has a life expectancy of about 80 years that is attributed to its health care system (Marchildon 81). In addition, it has a very low rate of infant mortality. There are proposals to change the Canadian health care system to the private system similar to the one that is adopted by the United States. Opponents of privatization argue that it will offer m ore choices, reduce the cost of health care, and improve its quality. Others claim that will improve efficiency. On the other hand, opponents of privatization argue that it will bring inefficiency and inequality in the system. According to Caulfield and Tigerstorm (66), â€Å"people will not be able to afford certain types of treatments because of high costs.† Some studies have revealed that the privatized system of the United States is less efficient than the public system of Canada. This is explained by the reliance of the U.S on private corporations for funding of health care services. The U.S considers health care as a financial commodity rather than a social services that should aim to improve the welfare of citizens. This results in unequal distribution of health care because some people are unable to pay certain premiums. Low-income earners are unable to pay and therefore, fail to get access to certain health care services that they need most (Axworthy and Spiegel 64). For example, certain treatments are only available to rich people who can afford to pay. This means that poor people cannot access these treatments because of their inability to pay the high costs. Privatizing health care in Canada will introduce inequality because certain treatments will only be offered to people who can afford to pay (Caulfield and Tigerstorm 71). Proponents of privatization argue that it will make the system more efficient by creating more facilities (Marchildon 59). This will ultimately shorten waiting lists. This argument is based on a study of the U.S. For example, in the U.S., patients who are well insured do not need to wait for long periods to get treatments such as hip replacement. According to Caulfield and Tigerstorm, (88), â€Å"patients who are not well insured will wait for very long periods before being attended to, which will reduce the waiting list but introduce inequalities.† Only people who can afford hip replacement can undergo surgeries . Under public health care system, all citizens have equal opportunities of access to all types of treatment (Marchildon 72).Advertising We will write a custom research paper sample on Privatizing Health Care in Canada specifically for you for only $16.05 $11/page Learn More The quality of health care under a privatized system will be different from the quality of health care under the current system (Gratzer 38). Privatization will introduce for-profit organizations that will be responsible for managing health care. This will make the cost of health care more expensive. The amount of money that citizens spend under the current system will not buy the same health care that they buy under a privatized system (Caulfield and Tigerstorm 89). Privatization will raise premiums and cost of healthcare. It is not possible for private organizations to continue providing health care without charging higher premiums in order to make profits and cater for costs. The current system eliminates the possibility of organizations trying to make profits. According to Marchildon (63), â€Å"Under privatization, organizations that have a responsibility to their investor will assume the role of the administration of health care and will thus strive to make profits in order to satisfy investors.† This move will affect many citizens. Canada’s Medicare is one of the most effective programs among such health care programs in industrialized countries. Instead of privatization, the government should expand its scope and include long-term care and home care. The main effect of privatization is increase in costs and decline in access to health care services. Private health care One of the weaknesses of the public health care system is lack of insurance coverage for prescription medications, dental services, and optometrists (Gratzer 43). The public system only offers coverage for basic services. Companies usually offer private health insurance pla ns for citizens who can afford to pay high premiums. In organizations, they usually form part of employee incentives. Canadians that can afford have the option of buying insurance from private companies at a higher premium rate. The main reason why many people purchase private insurance coverage is to deal with the aforementioned weaknesses in the public health care system. For example, citizens who require dental services, home care, or medications usually purchase private insurance because they are not covered under provincial plans (Caulfield and Tigerstorm 79). Privatization of health care will benefit people with certain needs but be disadvantageous to the majority of Canadians. This is evident from over-reliance on the public health care system by the majority of people.Advertising Looking for research paper on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More According to Gratzerhe (63), â€Å"the only advantage of privatization is that it offers services with reduced wait times.† However, the issue of wait time is two sided because long wait time is beneficial to some patients. For example, it eliminates the probability of medical errors. Patients who can afford to pay on time risk undergoing speedy surgeries that might have been wrongly recommended. Proponents of privatization argue that it will reduce wait time. However, this argument is misguided and should not be used as the basis for privatization. The adverse effects that privatization will have on people who cannot afford costly insurance premiums should be the basis for accepting or declining privatization. Conclusion Canadian citizens get access to preventive care and medical treatment through the provisions of the Canadian Health Act. In addition, citizens have access to several medical services. The Canadian Health Act forms the basis of the Canadian health care system . It has five main components that include public administration, comprehensiveness, universality, portability, and accessibility. Under the health care system, all Canadian citizens have access to health coverage regardless of their economic status, social status, medical history, or living standards. Politicians have blown the issue of privatization out of proportion by peddling lies that misguide citizens with regard to its effect on the health care system. The quality of health care under a privatized system will be different from the quality of health acre under the current public system. Privatization will raise premiums and cost of healthcare. It is not possible for private organizations to continue providing health care without charging higher premiums in order to make profits. The current system eliminates the possibility of organizations trying to make profits. Privatization of health care in Canada will affect the larger population that cannot afford to pay for certain ty pes of treatments. If the system is privatized, it will favor the rich who can afford to pay for certain medical treatments. The issue should be evaluated further to determine whether privatization is appropriate for Canadians or not. Works Cited Angell, Marcia. Privatizing Health Care is not the Answer: Lessons from the United States.  Canadian Medical Association Journal 19.9 (2008): 916-919. Print. Axworthy, Lloyd, and Spiegel Jerry. (2002). Retaining Canada’s Health Care System as a Global Public Good. Canadian Medical Association Journal 167.4 (2002): 365-366. Print. Caulfield, Timothy, and Tigerstorm Barbara. Health Care Reform the Law in Canada:  Meeting the Challenge. Toronto: University of Alberta, 2002. Print. Gratzer, David. Better Medicine: Reforming Canadian Health Care. New York: ECW Press, 2005. Print. Marchildon G. Health Systems in Transition: Canada. Toronto (ON): University of Toronto Press, 2005. Print. This research paper on Privatizing Health Care in Canada was written and submitted by user Kailyn Phillips to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Scarlet Letter- Theme of Sin in the novel essays

Scarlet Letter- Theme of Sin in the novel essays In The Scarlet Letter, Nathaniel Hawthrone masterfully weaves many themes and uses character development to format the plot of this novel. The themes of The Scarlet Letter are carried out through the four main characters, Hester Prynne, Arthur Dimmesdale, Roger Chillingsworth, and Pearl. The prevailing theme seen in The Scarlet Letter is sin and its effects. All of the characters in the book are somehow affected by the sin of adultery and their whole lives are molded by the way they deal with the sin. The story begins with Hester having to go on the scaffold and stand there for three hours with her shameful sin exposed for all to see. On the scaffold, Hester experiences harsh words. A group of women is having a discussion in the crowd and one-woman states, At the very least, they should have put the brand of a hot iron on Hester Prynnes forehead. She may cover it with a brooch, or such like heathenish adornment, and so walk the streets as brave as ever. This statement shows that it was not enough that the townspeople knew she committed a sin, but they wanted to see the sin on her chest constantly. At first the letter means the same for Hester as it does for the townspeople, shame. However, as the novel progresses, the letter changes in significance. The letter on Hesters breast begins to break her down. She loses her femininity due to her sin. The letter is a constant reminder of what she has done. One women states in the beginning of the novel, let her cover the mark as she wil l, the pang of it will be always in her heart. This explains that no matter what Hester does the pain that she will endure will always be with her. After Hester meets Dimmesdale in the forest and reveals Chillingworths true identity as her husband, they become close and both Hester and Dimmesdale feel some type of relief. Hester even removes the Scarlet letter, her femininity flows back into her, and the sunlight touc...

Group work--------read the case study and do the paper as requirement Essay

Group work--------read the case study and do the paper as requirement - Essay Example However, TNNB seems to have a problem in its workforce and urgently needs talent development strategies if it is to ensure sustainable business with a promising future. This report explores how talent management strategy would help TNNB. It also assesses the most appropriate talent management strategy and proposes suitable short-term and long-term talent management policies and practices for the company. How A Talent Management (TM) Strategy Would Help TNNB TNNB clearly has a big problem with talent management. The company’s project managers emerge as incompetent for their roles as asserted by the company’s systems engineer. There is tension between systems engineers and mechanical and service engineers, which is likely to affect the overall performance of the company. Most of the engineers at the company have been working for the company for many years with some of them nearing their retirement. The managers of the company feel that engineers are hard to find, which cl early indicate that the company lacks strategic recruitment, hiring and retention programme. Therefore, TNNB’s future lies on its ability to adopt a suitable talent strategy to curb the on-going talent deficit in the company. Talent management is a management buzzword associated with continuous inflow of employees with desired qualities into an organisation. Talent management can be defined as a process that ensures that an organisation has a regular supply of individual with high potentials for vacant positions and acquires the right persons for the right jobs whenever there is need. Davis (2007) argues that â€Å"talent management is the recruitment, development, and retention of individuals who consistently deliver superior performance† (Davis 2007 p.1). However, Hatum (2010) notes that no universal definition of talent management exists. Strategic talent management as a process ensures that an organisation hires the right people for the right jobs and in a timely m anner so that the objectives of the firm can be met as expected (Deb 2005). Strategic talent management enables companies to assess and understand their present state, project talent gaps and take the initiatives to fill these talent gaps. The human resource of every organisation is charged with the responsibility of developing effective talent management strategy (Vaiman & Vance 2008). The success of an organisation depends on the effectiveness of the human resource department in recruiting high-performing staff developing and retaining them (Oakes & Galagan 2011; Silser & Dowell 2010). Generally, a talent management strategy would help TNNB to: Identify talent gaps within the organisation and take early precautions Align human capital needs with the strategy of the business Focus its training, development and recruitment efforts Ensure that the company achieves a balanced blend of generations in the workplace Ensure that knowledge is effectively transferred across various generati ons that make up the workforce Keep low the possibilities of disruptions in the production process as a result of impulsive departures of employees. To plan and organise its workforce and Maximise the contribution of each employee. Effective implementation of talent management strategy will result into significant reduction in cost associated with recruiting incompetent personnel, risk minimisation and attaining higher level of organisational performance

A Mind At Peace Assignment Example | Topics and Well Written Essays - 750 words

A Mind At Peace - Assignment Example The revelations of Turkish soul on cultural and political change threshold inflict the prose while marking his aesthetics and language. Among other things, A Mind at Peace is an anti-epic of Turkish nationality. It has a bildungsroman component that does not translate into experience maturity and the wisdom, but into various vulnerability spectrums for the psychic instability to history and identity sacrifices. TanpÄ ±nar makes the modernist representation for the countries such as Turkey with experiences of concentrated reform and revolution periods. These countries have long histories of colonization (Tanpinar 76). His point-of-view in the narrative ranges between the aesthete poetic voice and the more traditional narrator. The prose, in structure and style, is, therefore, a narrative representation of fraught cultural transition within the Ottoman Empire onto the Turkish Republic. TanpÄ ±nar writes A Mind at Peace, various themes and tropes such as the Sufi theme, the divided se lf, the unrequited mystic beloved and lover romance, the melodic make, material culture (memory and objects), and the Ottoman legacy. Through the entry into the vast world of symbols, (including light and illumination, lover and beloved, Istanbul and the Bosphorus, season and climb as well as alchemy and transfiguration), the readers do not forget his access to the world through various voyeur perspectives of an ironist and tourist of the native city. TanpÄ ±nar continues to treat language as the main object that memory coalesces.

Assessing the outcomes of generation-y customers loyalty Literature review

Assessing the outcomes of generation-y customers loyalty - Literature review Example In response, banks have developed both offensive and defensive strategies in a bid to strengthen customer loyalty to their brands. Nonetheless, it is imperative to the players in the banking sector to note that development and maintenance of customer loyalty is the basis for increased profits because it leads to repeat patronage, positive word of mouth and less sensitivity to prices. The implication is that customer loyalty is a major determinant of profitability and the market share (Jumaev, Kumar & Hanaysha, 2012). Banks can only achieve customer loyalty if they are aware of some of the factors that are crucial for customer satisfaction and customer loyalty (Jumaev, Kumar & Hanaysha, 2012). Moreover, studies also show that customer loyalty is a subject of the particular type of the market segments. The youth generation is an important segment that has been much attention from the banking sector and they are fondly known as Generation Y because the young people exhibit unique buying powers based on their incomes (Castells, 2013). Since there is always a major competition for the older customers, banks are now shifting their focus to the younger people with appropriate strategies to retain them and also develop a strong loyalty to their brands. The particular focus on Generation Y is also triggered by the fact that they constitute a bigger percentage of the population of the developed countries. On the other hand, reaching customers at younger ages leads to strong relationships with the organization. Therefore, it is imperative to study the dynamics and elements that influence loyalty and satisfaction of the Generation Y through a search of the existing literature. The banking sector having been faced with fierce competition has witnessed numerous efforts for gaining competitive advantage (Delis, 2012). One of the common strategies with the most banks today

Introduction To Cultural Anthropology Religion Essay

Introduction To Cultural Anthropology Religion Essay 1. Sorcery vs. witchcraft; ? almost identical terms as both use the magic spells, mystical or paranormal means to harness occult forces to produce desired results. Ideally speaking, persons pursuing witchcraft do not aim at producing evil results. Somehow the term sorcery is used pejoratively to denote the use of supernatural powers to produce unnatural and negative course of events. [0 Source: http://www.witchcraft.com.au/witchcraft-and-sorcery.html] sorcery -can be learnt and practiced by anyone, use of materilas to invoke supernatural powers to harm people. witchcraft- is considered to result from inherent mystical powers and is practiced by invisible means. No use of materials rather harm through use of T supernatural means, but through emotions and thought alone. [0 Source: http://www.witchcraft.com.au/witchcraft-and-sorcery.html] 2. Animism, ? is the absence of any belief in god, rather, belief that people have souls or spirits in addition to physical, visible bodies [0 Source: http://quizlet.com/dictionary/animism/] 3. Polytheism,? is the belief of multiple deities also usually assembled into a pantheon of gods and goddesses, along with their own mythologies and rituals. Lead to rise in religious class which holds special powers for the devine legitimacy. Usually the religious follows through hereditary. [0 http://en.wikipedia.org/wiki/Polytheism] 4. Monotheism; ? the belief in the existence of one god, one supreme. Religious power usually only under hands of religious class. 5. Magic; ? ? System of supernatural beliefs which leads to manipulation of the forces. Usually for specific purpose such as protection from illness, misfortune, natural evens, and cure and even prevent illness from occurring. Usually individually oriented, and practiced at irregular times- in times of need. 2. Short essays (one/two paragraphs): IN YOUR OWN WORDS, respond to any TWO of the following questions. Illustrate with examples. There is no need for citations. Please make sure to copy down the question in your paper in its entirety, bold it, and then follow it with your response. (10 points) 1. Define ritual and the sacred. What functions do formal rituals play in society? How about the sacred? Illustrate with examples. 2. Define Rites of Passage. What are their functions in society? Who are the main anthropologists who discuss it? What are the different stages of a rite of passage? Illustrate with an example. How do the stages of a Rite of Passage apply to your example? A ritual event that marks a person s progress from one status to another, usually shows anthropologist what s important for a certain culture, usually in a ceremony form surrounded events such as puberty, coming of age, marriage, and deaths. Some examples of rites of passage for religion are baptism, confirmations, which are important to certain religions. This Idea of Rites of passage was introduced by Arnold van Gennep, as first introduced the idea of the transitional phase between childhood and full inclusion into a social group. According to Gennep it has three phases, the Separation, transition and Re-incorporation phases. In the first state its the withdraw from current status as you prepare to more from one status to another, usually symbolized by detachment of a individual or group to symbolize the cutting away from your old self. The second state is the period between the old stage and new stage, also the most dangerous. You haven t entered the new stage but already left the old stage. The threshold. And the thirdstage is the re-incorporation where you are not defined as a new person through a new stage. You completed your duty and are ready to reeneter the world as a new person, which can be symbolized by a ring, belt, crown, or anything else. An example of this idea if graduation, the seperation stage is when you are separated from your family and on stage. The inbetween stage is when you are actually standing up but have not yet gotten your diploma this is the threshold- your not a graduate yet but at the same time you are no longer a student. and the reincorporation is when you sit back down as a college graduate and go back with your family no longer on stage. 3. Discuss the difference between illegal alien and undocumented worker as discussed by Leo Chavez in Shadowed Lives. When you normally think of someone who is an illegal alien and an undocumented worker its usually the same idea. according to Chavez in Shadowed lives these two are different concepts when it comes to immigrants. On page 15 Chavez defines the undocumented immigrants- when speaking of individuals who have crossed the border illegally, without the consent of the INS, and who reside in the United States. so in simple terms they are immigrants with out documents from the INS. One the other hand the idea Illegal Alien is defines as the legality of undocumented immigrants presence in the United States. They are not legitimate members of the community. They are rather outsiders, but actually they are the same thing as an undocumented worker just with a negative connotation. And missed qualities due to the words alien- outsiders. Both illegal aliens and undocumented workers do the same act just one is followed with negative connotation with the names illegal and a alien. 3. Long Essay (5 paragraphs/sections). Answer any ONE of the following. Remember to structure your response in a five paragraph/sections format (Introduction, three body paragraphs/sections, conclusion). Always start by defining your terms. Illustrate your response with examples, materials from readings, lectures, and class discussions. For question 1, you are expected to reference/cite at least three sources from your readings. For questions 2 and 3, you are expected to reference at least three examples. Remember to include a bibliography at the end of your essay. (25 points) 1. Define religion. How do anthropologists approach religion? What are some of the common cross-cultural features of religion? How do anthropologists classify religious forms? What are the main types found around the world? What are the main functions in society? Lastly, in your conclusion, discuss whether you think religion hinders or encourages social change. Illustrate with ethnographic evidence and materials from class discussion and readings. Religion is a term that is used by anthropologists in order to define a system of symbols which acts to establish powerful and long lasting moods, formulating conceptions of a general order of existence and clothes with such an aura of factuality that the moods and motivation seem uniquely realistic (Geertz). In reality the definition of religion is one that is difficult to distinguish from social institutions since there are different rituals for each religion and some ideas can be religion for some but not for others. This is where boundaries usually get blurred and non-existent, therefore unable to have a definite religion. Anthropologists usually look at the idea of religion to view the hierarchy of a culture as well as to compare and contrast different cultures and their beliefs. One of the common cross-cultural features of religious if the idea of the supernatural ideology. The supernatural is the idea that tends to be in every culture just in different ways. But usually related to two forms the non-human and the human origin. The Nonhuman origin is the Gods whom are named different personalities. The other form is spirits- these are unnamed supernatural beings of non-human origin who are beneath the gods in prestige and often closer to the people, these can be evil, helpful and even mischievous. The Human origin of supernatural beings is Ghosts whom were once human since they are the souls of the dead people. As well as ancestral spirits whom are the ghosts of dead relatives. The way that we interact with the supernatural seems to be different depending on the culture; this can be by prayer, physiological experience, simulations, feasts, as well as sacrifices of animals or other things. The main parts of religion that anthropologists look at are cults which are forms of religions that have heir own set of beliefs, rituals, and goals (Ferraro) which vary from Individualistic, which have no religious specialists but rather each person has a personal calling/relationship with the spirit. Followed by the Shamanistic cults, which are part time religious specialists who have supernatural powers by either birth or training. This is where all contemporary societies have their own method of a shaman. The roles that one has is a healer, fortune telling in exchange for gifts, and possesses the power to control spirits, and prevent them from causing harm. Followed by Communal Cult- which as an elaborate set of beliefs, where groups of people conduct religious functions on behalf of community, Such as rites of passage or rites of solidarity (Gennep). The last cult that is followed by anthropologists is the Ecclesiastical cults, which are monotheistic, or polytheistic religions, with full time professional clergy, who is either elected of appointed. With these cults women are usually not associated with this class. Usually consisting of a hierarchy between the clergy and the lay people, where the clergy are the ritual managers who are active and the lay people whom are passive. The main types of religions in the world have Christian fundamentalism, which have increased over the past decades, with the influence of public national and international policies. These usually restrict scientific and technological innovations. The second type is the Islamic fundamentalism and the religious nationalism where the movements to merge religions are in the hands of governmental institutions and leaders. As well as globalization by the western societies seen as a threat, which lead to safety of religion but rather brought in more restrictions. In conclusion I think that religion actually encourages social change because we are always finding new ways of defining our world, we always have people that are fighting against religious beliefs, therefore the longer we have it the more of a threat it will be and the more things that religious talks about will be debunked. We are seeing religion as being an essential part of life but its always resulting a a change in society for the better or for the worse, with different people falling under different categories of Atheism, polytheistic and monotheistic, due to new findings. Therefore religious is actually encouraging change not stopping change from occurring. You always have people that actually believe once again or those that believe in more than one god, or those that completely lost hope in religious due to new studies. > C. Geertz, Religion as a Cultural System, in Anthropological Approaches to the Study of Religion , ed. M. Banton (London: Tavistock, 1966): 1-46 > Gennep, van Arnold, Rites of passage. 1960. > Ferraro, Chapter 12 Part 1, Supernatural Beliefs. Powerpoint- Religion and Magic.

Canterbury Tales :: essays research papers

Canterbury Tales Chaucer wrote about many personalities and their triumphs and inadequacies.The Knight is portrayed as an ideal persona. He is a part of the Feudal system. The impression that I get is one of am older weathered soldier. He is modest of his cultural status. I think that after the wars and battles that he fought he might not want to talk about them and he may even be guilty of them. He wore older clothes. They were not as fancy as he could have worn. He portrays the chivalry element of the bunch. He is religious and also courageous:Who from the day on which he first began / To ride abroad had followed chivalry,Truth, honour, generousness, and courtesy. (44-46) He traveled many places over great distances to fight at almost all of the important battles. Chaucer calls him a perfect Knight: â€Å"He was a true, a perfect gentle-knight†(68). He owned fine horses that were a symbol of wealth at that time, but he did not show this wealth outwardly in his clothing or adornments. The Knight’s son is somewhat his opposite. He dresses more fancily and shows off. He is a squire training to be a knight like his father. I don’t think that he is very serious about this because he enjoys the pleasures of life and not much of his training. Chaucer’s thoughts of his appearance were: He was some twenty years of age, I guessed. In stature he was of moderate length,With wonderful agility and strength. (78-80) He stayed up mall night and partied so he did not get much sleep. The Oxford Cleric was an odd scholar. He had a skinny horse and he looks hollow. His clothes were worn thin because he spent all his money on learning. He took money from his friends and spent it on more knowledge: Whatever money from his friends he took / He spent on learning or another book (303-304) The only thing he cared about in his life was studying.   Ã‚  Ã‚  Ã‚  Ã‚  The Franklin wanted the best of everything and lived for happiness to every extent. He had the finest food and wine and was obsessed with them. He was not religious. He was so obsessed with food that he had to have the finest there was and if he sis not he blamed the cook.   Ã‚  Ã‚  Ã‚  Ã‚   The wife of bath was deaf. She made long scarves and traveled. In church she did not like anyone to go in front of her in church.

United States Dollar and Arbitrage Opportunity

5 Questions 2. What is the difference between the retail or client market and the wholesale or interbank market for foreign exchange? 3. Who are the market participants in the foreign exchange market? 5. What is meant by a currency trading at a discount or at a premium in the forward market? 6. Why does most interbank currency trading worldwide involve the U. S. dollar? 7. Banks find it necessary to accommodate their clients’ needs to buy or sell FX forward, in many instances for hedging purposes.How can the bank eliminate the currency exposure it has created for itself by accommodating a client’s forward transaction? 8. A CD/$ bank trader is currently quoting a small figure bid-ask of 35-40, when the rest of the market is trading at CD1. 3436-CD1. 3441. What is implied about the trader’s beliefs by his prices? 9. What is triangular arbitrage? What is a condition that will give rise to a triangular arbitrage opportunity? Problems 1. Using the American term quote s from Exhibit 5. , calculate a cross-rate matrix for the euro, Swiss franc, Japanese yen, and the British pound so that the resulting triangular matrix is similar to the portion above the diagonal in Exhibit 5. 6. 4. Restate the following one-, three-, and six-month outright forward European term bid-ask quotes in forward points. Spot1. 3431-1. 3436 One-Month1. 3432-1. 3442 Three-Month1. 3448-1. 3463 Six-Month1. 3488-1. 3508 8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1. 5960-70 A$/$ = 1. 7225-35An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote? 9. Given the following information, what are the NZD/SGD currency against currency bid-ask quotations? American TermsEuropean Terms Bank QuotationsBidAskBidAsk New Zealand dollar . 7265 . 72721. 37511. 3765 Singapore dollar . 6135 . 61401. 62871. 6300 10. Doug Bernard specializes in cross-rate arbitrage. He notices the fo llowing quotes: Swiss franc/dollar = SFr1. 5971? $ Australian dollar/U. S. dollar = A$1. 8215/$ Australian dollar/Swiss franc = A$1. 1440/SFrIgnoring transaction costs, does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, what steps would he take to make an arbitrage profit, and how would he profit if he has $1,000,000 available for this purpose. 11. Assume you are a trader with Deutsche Bank. From the quote screen on your computer terminal, you notice that Dresdner Bank is quoting â‚ ¬0. 7627/$1. 00 and Credit Suisse is offering SF1. 1806/$1. 00. You learn that UBS is making a direct market between the Swiss franc and the euro, with a current â‚ ¬/SF quote of . 6395.Show how you can make a triangular arbitrage profit by trading at these prices. (Ignore bid-ask spreads for this problem. ) Assume you have $5,000,000 with which to conduct the arbitrage. What happens if you initially sell dollars for Swiss francs? What â‚ ¬/SF price will eliminate triangular arbitrage? Operations Management Assignment 1 Due Date:1 April 2013 Q1. David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1000 tires per day with the following resources: Labor: 400 hours per day @ 12. 5 per hour Raw material: 20000 pounds per day @ $1 per poundEnergy: $5000 per day Capital cost: $10000 per day (a) What is the labor productivity per labor-hour for these tires at Upton Manufacturing? (b) What is the multifactor productivity for these tires at Upton Manufacturing? (c) What is the multifactor productivity if Upton can reduce the energy bill by $1000 per day without cutting production or changing any other inputs? Q2. The monthly sales for Telco Batteries, Inc. were as follows: Month Sales Jan 20 Feb 21 Mar 15 Apr 14 May 13 June 16 July 17 Aug 18 Sep 20 Oct 20 Nov 21 Dec 23 Forecast January Sales using each of the following: ) A 3 – month moving average b) A 6 – month weighted a verage using 0. 1, 0. 1, 0. 1, 0. 2, 0. 2 and 0. 3 with the heaviest weights applied to the most recent months. c) Exponential smoothing using an ? = 0. 3 and a September forecast of 18 d) A trend projection With the data given, which method would allow you to forecast next March sales? Q3. Income at the law firm Smith and Wesson for he period February to July was as follows: Month Feb Mar Apr May June July Income 70. 0 68. 5 64. 8 71. 7 71. 3 72. 8 (a) Use trend-adjusted exponential smoothing to forecast the law firm’s Aug income.Assume that the initial forecast for February is $65000, and the initial trend adjustment is 0. The smoothing constant selected are ? =0. 1, and ? = 0. 2. (b) Resolve the problem with ? =0. 1, and ? = 0. 8. (c) Compute the MAD and MAPE. Which forecasting, part (a) and part (b) performs better? Why? Q4. Attendance at Los Angeles’s newest Disneylike attraction, Vacation World, has been as follows: Quarter/year 2007 2008 2009 Winter 73 65 89 Spr ing 104 82 146 Summer 168 124 205 Fall 74 52 98 Compute seasonal indices using all of the data. United States Dollar and Arbitrage Opportunity 5 Questions 2. What is the difference between the retail or client market and the wholesale or interbank market for foreign exchange? 3. Who are the market participants in the foreign exchange market? 5. What is meant by a currency trading at a discount or at a premium in the forward market? 6. Why does most interbank currency trading worldwide involve the U. S. dollar? 7. Banks find it necessary to accommodate their clients’ needs to buy or sell FX forward, in many instances for hedging purposes.How can the bank eliminate the currency exposure it has created for itself by accommodating a client’s forward transaction? 8. A CD/$ bank trader is currently quoting a small figure bid-ask of 35-40, when the rest of the market is trading at CD1. 3436-CD1. 3441. What is implied about the trader’s beliefs by his prices? 9. What is triangular arbitrage? What is a condition that will give rise to a triangular arbitrage opportunity? Problems 1. Using the American term quote s from Exhibit 5. , calculate a cross-rate matrix for the euro, Swiss franc, Japanese yen, and the British pound so that the resulting triangular matrix is similar to the portion above the diagonal in Exhibit 5. 6. 4. Restate the following one-, three-, and six-month outright forward European term bid-ask quotes in forward points. Spot1. 3431-1. 3436 One-Month1. 3432-1. 3442 Three-Month1. 3448-1. 3463 Six-Month1. 3488-1. 3508 8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1. 5960-70 A$/$ = 1. 7225-35An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote? 9. Given the following information, what are the NZD/SGD currency against currency bid-ask quotations? American TermsEuropean Terms Bank QuotationsBidAskBidAsk New Zealand dollar . 7265 . 72721. 37511. 3765 Singapore dollar . 6135 . 61401. 62871. 6300 10. Doug Bernard specializes in cross-rate arbitrage. He notices the fo llowing quotes: Swiss franc/dollar = SFr1. 5971? $ Australian dollar/U. S. dollar = A$1. 8215/$ Australian dollar/Swiss franc = A$1. 1440/SFrIgnoring transaction costs, does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, what steps would he take to make an arbitrage profit, and how would he profit if he has $1,000,000 available for this purpose. 11. Assume you are a trader with Deutsche Bank. From the quote screen on your computer terminal, you notice that Dresdner Bank is quoting â‚ ¬0. 7627/$1. 00 and Credit Suisse is offering SF1. 1806/$1. 00. You learn that UBS is making a direct market between the Swiss franc and the euro, with a current â‚ ¬/SF quote of . 6395.Show how you can make a triangular arbitrage profit by trading at these prices. (Ignore bid-ask spreads for this problem. ) Assume you have $5,000,000 with which to conduct the arbitrage. What happens if you initially sell dollars for Swiss francs? What â‚ ¬/SF price will eliminate triangular arbitrage? Operations Management Assignment 1 Due Date:1 April 2013 Q1. David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1000 tires per day with the following resources: Labor: 400 hours per day @ 12. 5 per hour Raw material: 20000 pounds per day @ $1 per poundEnergy: $5000 per day Capital cost: $10000 per day (a) What is the labor productivity per labor-hour for these tires at Upton Manufacturing? (b) What is the multifactor productivity for these tires at Upton Manufacturing? (c) What is the multifactor productivity if Upton can reduce the energy bill by $1000 per day without cutting production or changing any other inputs? Q2. The monthly sales for Telco Batteries, Inc. were as follows: Month Sales Jan 20 Feb 21 Mar 15 Apr 14 May 13 June 16 July 17 Aug 18 Sep 20 Oct 20 Nov 21 Dec 23 Forecast January Sales using each of the following: ) A 3 – month moving average b) A 6 – month weighted a verage using 0. 1, 0. 1, 0. 1, 0. 2, 0. 2 and 0. 3 with the heaviest weights applied to the most recent months. c) Exponential smoothing using an ? = 0. 3 and a September forecast of 18 d) A trend projection With the data given, which method would allow you to forecast next March sales? Q3. Income at the law firm Smith and Wesson for he period February to July was as follows: Month Feb Mar Apr May June July Income 70. 0 68. 5 64. 8 71. 7 71. 3 72. 8 (a) Use trend-adjusted exponential smoothing to forecast the law firm’s Aug income.Assume that the initial forecast for February is $65000, and the initial trend adjustment is 0. The smoothing constant selected are ? =0. 1, and ? = 0. 2. (b) Resolve the problem with ? =0. 1, and ? = 0. 8. (c) Compute the MAD and MAPE. Which forecasting, part (a) and part (b) performs better? Why? Q4. Attendance at Los Angeles’s newest Disneylike attraction, Vacation World, has been as follows: Quarter/year 2007 2008 2009 Winter 73 65 89 Spr ing 104 82 146 Summer 168 124 205 Fall 74 52 98 Compute seasonal indices using all of the data.

Malaysias National Snack essays

Malaysias National Snack essays " Malaysia's National Snack" I went to a Malaysian restaurant with my family last weekend to try some new Asian dishes we never tasted before. The name of the restaurant is Yazmin Malaysian Restaurant. That restaurant is located on Las Tunas Drive, San Gabriel. We ordered the curry noodles, the spicy chicken wings, the curry squids, and the satay. Among the foods we ordered, I would like to describe a dish that is called "Satay." It is so delicious, and it is a new Asian dish that I never tasted before. There are many interesting Malaysian traditional things in that Malaysia restaurant. The restaurant was decorated by hanging the Malaysian traditional kites and posters with Malaysia famous places. Besides the kites and the posters, there also has some traditional clothes on the walls. The boss called that is the "Batik" clothes. Thus, I felt that I was like that I was eating in Malaysia in that time. We ordered some Malaysia traditional foods, and one of those dishes that I like it very much. That is "Satay." Satay is a barbecued meat on a skewer. There are five skewers on a plate accompany with some bite-size cubes of cold, cook rice and the cool slices of cucumber, and uncook red onion. Along with it, there is a smaller plate filled with spicy peanut gravy. By using the same skewer, I dipped the meat into the spicy peanut gravy before I tasted it. Then, I speared a cube of cold, cook rice, and dipped into the gravy. Besides the bite-size of rice, I also speared a slice of cucumber and a slice of red onion, and dipped them into the gravy. It is so delicious until I had eaten up all the satay. Satay's meat is marinated and threaded through thin bamboo skewers before grilled. When it is grilled, it is basted with margarine by using a lemon grass as brush. I believe this made the smell better. However, the satay gravy has more complicated ingredients. It contains of peanuts, onion, garlic, chilie...

Social Networking Sites Essays

Social Networking Sites Essays Social Networking Sites Essay Social Networking Sites Essay Social networking sites Online social networking site is a very common tool for communicating and socializing with each other. Nowadays, most of the adolescent like to use Facebook. There is a rapid growth of the number of user of social networking sites. According the recent research, Kreutz (2009) stated that â€Å"starting from 1997 to 2010 there are some 1. 5 billion users of social networking websites† (p. 222). This shows that how popular the social networking site is. Although many parents think that there are many existing dangers in social networking sites, it is good for both education and interpersonal relationship for the teenagers. This essay will discuss the benefits and negative effects of using social networking sites for young people: enlarge and maintain the relationship, develop greater awareness of social issues and attract the online predators to conduct their criminal activities. One of the advantage is the teenagers can enlarge the friendship and maintain the existing relationship by using social networking sites. Social networking sites provide a platform for connecting with the friends. For maintaining the old relationship, social networking site is very convenient for teenagers to have conversation with friends, share their photos, videos and view others’ status. Dunne, Lawlor and Rowley (2010) pointed out that the purpose of most of the users that using SNS is to see what is new in their friends’ status (p. 53). In Facebook, one of the social networking sites, friend will share their current situation and their recent activities by uploading the new photos, videos and new comments in their profile pages. To the sum up, these sites provide an invaluable connection to our old life we had left. Although you go very far away, friends also know what you are doing by seeing your status. Apart from all this, these sites also have another important function. You can expand your social circle effectively. Before the appearance of the Internet, people just used some methods simple like sending letters, calling the others and even physically meeting each other to build the relationship. Nowadays these sites can help you to make new friends easily. Kate (2010) remarked that â€Å"it’s a good way of talking to boys, you can post a comment on their site or ask them to be your friend without being embarrassed or feeling stupid† (p. 53). On the social networking sites, users can build relationship with anyone they want. It is very easy for them to find the people who have the similar or shared interests with them. You can talk about yourself, your identity and your interests and make friends that way. Furthermore, they can present a positive self-identity in social networking sites. This is one of their methods to attract people to make friends with them. They will make themselves look good, such as pick the best photos, show off their coolest friends and just make fun. In conclusion, social networking sites is a form of connection to our old lift and also a good tool that making friends in online. The other advantage is more adolescents develop greater awareness of social issues because of social networking sites. Youth is the social pillars in the future; they largely contribute to the social development. They are playing the leading role in solving social problems, so it is important for increasing teenagers’ awareness of social issues. In Social Networking sites, the adolescents like to communicate with people sharing the same thought and interest. Except making friends, social networking sites also used to discuss the social issues. Jain, Gupta and Anand (2012) commented that â€Å"this is a pool of social problems which requires attention of majority so that we can fight against them as a united country and make the society more peaceful† (p. 36). For instance, there are more than 150 pages about social issues such as human rights, corruption, girls education have uploaded in the last few months in social networking sites like Facebook, YouTube and Orkut. According to the research of Jain, Gupta and Anand (2012), the main age group of participate in discussing these social issues is 20-40; they actively give their justification on these subjects (p. 42). This result shows that because of the social networking usages, youth were more active in discussing the social issues. In addition to discussion, the users also like to hold different political activities in Facebook for inviting others to join it, such as parade, hunger strike†¦ Various protests have been done by many social activists they gathered through social networking. Furthermore, social networking sites also provide a place for the groups from different countries including minority groups and subcultures who never physically get the space to express their opinion and belief. All the people can use these websites to participate and voice themselves. As these social issues need regular meeting for discussing and expressing their views, teenagers can use them to meet periodically or regularly depending on their and others’ requirement. Therefore, these sites is acting as an office, they can hold the meetings and political activities regularly and inviting new members to join the discussion. All in all, most of the information of social issues is obtained from social networking sites. Adolescents are getting more aware about social issues because of discussing the debatable topics and news articles on these sites. These sites are proving them chance to bring thoughts of people on these social issues. Therefore, social networking sites is good for educating the adolescants. Apart from advantages, there is also negative effect by using social networking sites for teenagers. The social networking sites attract the online predators to conduct their criminal activities. These social networking sites suggest people to put all their personal information on their profile page when they are registering as their new members; it is easy for criminals to get this information. In Facebook, teenagers like to put all the information including personal image, name, date of birth, hometown and ZIP code in their profile page. The criminal can use this information to find out a person’s sensitive medical information and security number. They also can easily estimate physical location of a person by using the information provided on Facebook profile page. People are least bothered about their profile privacy. Although there is an option of visibility on the user profile fields on these sites. This means user can decide which information can be seen by everyone on the network, but most of the teenagers tend to keep their profiles open to everyone. They are happy to share their personal information in online world. Fukuyama, Lewis and Weigert (2007) in their respected papers claimed that â€Å"trust is a critical determinant in personal or face to face relationships†(p. 48). This means trust is an important factor that determines the crime is success or not. It will not be very difficult for an online predator to gain trust from an individual by employing interactions, especially most of the online predators prefer to meet and entice their victims online. If an online predator is being trusted by a teen and successfully become one of his friend in Facebook, this means this online predator can find their victims in this teen’s friend list. There is a lot of reports about criminal activities involving the social networking sites can be heard. For example, according to â€Å"Facebook-crime† (2010), Ashleigh Hall, a 17 years old girl, was murdered by a man who gets acquainted in Facebook. Actually, that man is a 33 years old man and he created a Fake profile as a teenager. This shows that the major problem is that there is no method to verify the actual identity on online and it is too easy for online predator to gain access the personal information on these sites. In conclusion, these sites are a good way of maintaining relationship and building new relationship. However, there are many existing dangers of using these sites, so a user should be careful. Do not put too many personal data on these sites, it is risky that this data may being used in bad way. The teenagers should keep this data properly, do not get tricked by older people who lie about their age and who are online. The advantages of using these social networking sites outweigh its disadvantage, so I agreed the teenagers to use these sites. The growth of social networking sites shows a significant change in social and personal behaviour of Internet user. These sites largely help teenagers’ interpersonal relationship become closer, but everything can be used for a bad purpose as well as good. We need to be more careful, prevent getting trapped by online predators. Reference list Das, B. , Sahoo, J. (2011). Social networking sites a critical analysis of its impact on personal and social life. International Journal of Business and Social Science, 2(14), 222-226. Retrieved from http://search. proquest. com. libraryproxy. griffith. edu. au/docview/904521761/13AEEEA44CD5BA312BC/1? accountid=14543 Datar, T. , Mislan, R. (2010). Social networking: A boon to criminals. Proceedings of the Conference on Digital Forensics, Security and Law, 48-50. Retrieved from http://search. proquest. com. libraryproxy. griffith. edu. u/docview/856125630/Record/13AEEC9AE784B9975E7/1? accountid=14543 Dunne, A. , Lawlor, A. , Rowley, J. (2010). Young people. Journal of Research in Interactive Marketing, 4(1), 53. doi: http://dx. doi. org. libraryproxy. griffith. edu. au/10. 1108/17505931011033551 Jain, R. , Gupta, P. , Anand, N. (2012). Impact of social networking sites in the changing mindset of youth on social issues a study of delhi-ncr youth. Researchers World, 3(2Part2), 37-42. Retrieved from http://search. proquest. com. libraryproxy. griffith. edu. au/docview/1017533989/Record/13AEECBE3A9750E4AAD/1? accountid=14543

Literature Review Coursework Example | Topics and Well Written Essays - 250 words

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Cardiovascular Disease (CVD) Assignment Example | Topics and Well Written Essays - 1250 words

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