Size of financial sector Essay Example | Topics and Well Written Essays - 2000 words

Size of financial sector - Essay Example Moreover, profitability across all the financial sectors has improved except the insurance sector and it is anticipated to remain strong in the first quarter of the year 2015. Unfortunately, for the insurance and the building society the forecast suggests otherwise. The number of employment in the banking and insurance sector has decreased in comparison to other sectors while the training expenditure has risen. Department, I. M. F. M. C. M. (2014) suggests that this is a clear indication of the existence of shortage of skills and talents in the financial labor market. The financial sector has enormously grown over the last decades. Gloria (2015) illustrates that the parameters that measure these growths are: quantity of the financial market; the share of the GDP; wages; and employment. For instance, the economy of the UK has grown faster since the financial crisis of 2007/2008. It expanded by approximately by 1.9% in 2013. The growth is also attributed to the securitization in the financial market; intermediation of credit; and the subsectors of finance in the financial sector. On the other hand, the insurance sector has been steadily growing (at a steady pace). In addition, the growth is also evident in the increase in the financial claims and contracts such as bonds, stock, fund shares, and derivatives. Before the 200/2008 financial crisis, central banks use a simple modality that would effectively maintain and stabilize the inflation rate. However, in 2009 the interest rates were slashed to a level close to zero (zero lower bound). Jeucken’s (2001) notion indicates that below this benchmark would hav e been practical but wouldn’t have achieved the desired results. Central bank faced an uphill task of dealing with the increasing rate of unemployment as well as the collapse in the output. At some instances central banks have adopted the unconventional

Women Roles Throughout History Research Paper Example | Topics and Well Written Essays - 2500 words

Women Roles Throughout History - Research Paper Example It is here that historians and scientists first encounter the role of women in society. In addition to Biblical teachings, the roles of women have evolved differently all over the world from Europe to Middle East, Africa to South Asia and America to Australia (Brown and McBride (2005). The differences in roles are mainly attributed to different cultural and religious beliefs that determine the role of women in society. For example, the role of Muslim women living in Middle East may be quite dissimilar from those of women in European countries dominated by Christians. The same applies to South Asia and Africa. This implies that culture and religion is a major determinant of the women’s position in society. Despite the differences, it is also true that certain roles are the same irrespective of the geographical region. For instance, at the beginning, in the backward society, women dominated the society and family due to the important roles they played. This is due to the fact that finding food like vegetables and fruits which were the major food during this period was left for women. In most cases, women were inferior to their men and were denied several rights in male dominated societies according to Brown and McBride (2005). ... The paper will also explore how the lives, roles and status of women in the society has changed and varied over different cultural areas and early world history eras. Throughout history books and the Bible, several events are documented pertaining to the different roles played by women in the society that has helped transform the society. In the Bible, for example, Esther is depicted as playing her role as Queen, and helped save the Hebrews at the verge of being exterminated. It can, therefore, be argued that the Jewish community could not have been in existence were it that Esther could not have played this important role. In Europe, the role of women throughout history has been centered on equality and injustice. Nevertheless, one thing that is acknowledged among historians is that the role of women has changed greatly in Europe since prehistory to the end of 1500. It is reported that, during the Middle Ages that lasted from 5th century to about the fifteenth century, women played an important role in helping family produce enough food supplies. As such, they participated in planting, wedding and harvesting, as well as storing the food harvested from the farms. In addition, female gender, wives and daughters were also responsible for cooking meals for the family; attend to home chores such as maintaining general cleanliness of the house and home compound. They were also responsible for rising of children (Bardsley, 2007). It is also reported that women during the middle ages in Europe were supposed to be submissive to their male counterparts in the family. In this regard, they were expected not only to obey their father, and other family members such as brothers. As such, any woman who is rule was to be forced into submission and disrespect was perceived as a

Discussion Forum #7 Essay Example | Topics and Well Written Essays - 500 words - 1

Discussion Forum #7 - Essay Example miologists should entail gathering information on the people in the workplace such as their occupations and stations, and recognizing the demographic group that is mostly exposed; typically, this can lead to primary prevention as more information is gathered (NIOSH 2001). Nonetheless, secluding and recognizing the primary cases may not necessarily be a basis of preventing the disease. Chemical hazards have become very common, especially in working environments and they are big barrier to comprehensive hazard surveillance (NIOSH 2014). For instance, employees working at ports and other factory depots are familiar with chemical exposures from the shipping containers that produce residual gases especially prior to opening for unpacking. These situations call for evaluation of the exposures in order to identify the different breaks that epidemiologists can intervene and follow up for a solution that reduces or eliminates the exposures. The best method for countering chemical hazards should entail the specialist gathering information on acceptable limits of exposure, properties of the different chemicals and other related health factors that could be collaborating with a certain chemical (Barry 2011). Secondly, the epidemiologists need to device ways to use for medical surveillance, ensure personal and respiratory protection for the workers; additionally, it is significant that the sanitation practices are also included as part of the precautions. There are challenges experienced when dealing with chemical exposures as a hazard for disease surveillance; such as establishing places where there is critical exposure, and how to counter certain chemicals, most of which are not common. Nonetheless, it is advisable that the epidemiologists apply criteria from the Federal Occupational Safety and Health Regulations that entail how to deal with a vast range of chemicals such as asbestos, acetic acid, bromine among others that are not common (SWA 2014). People argue that there

How environment affects architecture Assignment

How environment affects architecture - Assignment Example building, the architect has an obligation of knowing the culture of the individuals that surround them, as well as the environment in which the structure is to be laid. It aids in the successful production of buildings for both the behavioral and mental activities. In addition, if an engineer is designing, for an instant, a bridge or even a machine, he/she makes drawings where every line results into great integration of principles and laws from various mechanical sciences. The machines or the structures are designed in a manner that they bear some level strain or perform a particular function (Gissen, 2009). This is quite similar to architectural work where when an architect is designing a structure or a town each minute detail is reliant on the application of set of laws (mechanical). In addition to these laws, they also integrate set of other science principles whose scopes may not be vividly defined such as those that relate human beings with the environment. These sciences such as the climatology and economics among others are as vital as the mechanical sciences. This is to ensure that the structure constituted by the architect protects the various elements that surfaces or are bound to surface due to the structures to be established (Pastor & Molina, 2007). The machines are usually less or not entirely affected by the environment. Moreover, climate has little impact on the machines. However, humans being constantly interact with the environment by either changing it or being changed by the environment. In turn the environment affects buildings and structures (Bergmann, 2009). For example, the climate or microclimate of a particular area or locality and the structures surrounding the building usually mold that particular building in such a way that the shape and the design of the structure may be influenced by the factors highlighted. There are some effects of climate that can be observed on various forms of architectural works. For an instant, the ration

Smoking research paper Example | Topics and Well Written Essays - 1750 words

Smoking - Research Paper Example Mr. Prabhat Jha has also stated in the his online publication â€Å"Analysis† that, â€Å"unless there is widespread cessation of smoking, approximately 450 million deaths will have occurred as a result of smoking by 2050 and most of these will occur in current smokers†( 655). Here is some light thrown on the data about smoking prevalence worldwide with reference to Center for Disease Control and Prevention, â€Å"An estimated 45.3 million people, or 19.3% of all adults (aged 18 years or older), in the United States smoke cigarettes. Cigarette smoking is more common among men (21.5%) than women (17.3%)† (â€Å"Center for Disease Control and Prevention†). â€Å"Cigarette smoking is the leading cause of preventable death in the United States, accounting for approximately 443,000 deaths, or 1 of every 5 deaths, in the United States each year† (â€Å"Center for Disease Control and Prevention†). As per Mr. Jha publication, around 1.1 billion peopl e smoke across the globe out which almost 80% belong to developing nations. Ratio of male to female smoker is 49:8 in such nation in contrast to developed nation where ratio is 37:21.China has the highest smoking population above 15 years of age followed by India, Indonesia, Russia, United States, Japan, Brazil, Bangladesh, Germany and Turkey (655). Graph curtsey - (Cancer Research UK) 2012. This graph represents worldwide tobacco epidemic, demonstrates initial rise and subsequent drop in the rate. Countries from northern Europe have shown remarkable drop in the percentage of smokers compared to rest of the world. (Cancer Research UK) Smoking is injurious to health- As per the National Cancer Institut

Cloning Essay Example | Topics and Well Written Essays - 1000 words

Cloning - Essay Example By discussing these to the full extent, we will be able to come to a more conclusive and knowledgeable objective on this subject of interest. The aim of this paper is to discuss of this, as well as the other key factors in regards to this issue. This is what will be dissertated in the following. The term cloning is literally referred to as "using specialized DNA technology to produce multiple, exact copies of a single gene or other segment of DNA to obtain enough material for further study." ("CDC", 2006). The process itself is actually referred to as cloning DNA, and the resulting cloned (or copied) collections of DNA molecules are called clone libraries. In more simple terms, cloning is the process of creating an identical copy of something original. In the cloning of a gene, there must be extraction from one gene from an organism and insert that into another organism, where it can then be used and studied. There is also a related technique to this which is called subcloning, which refers to the transferring of a gene from one plasmid into another, again for further study. Cloning is the process of making a genetically identical organism through nonsexual means. Although the idea of cloning may seem rather revolutionary to some, it has in fact been around for some while. It has been used for many years to produce plants (in fact even growing a plant from a cutting is a type of cloning). The terms 'recombinant DNA technology', 'DNA cloning', 'molecular cloning', or 'gene cloning' all refer to the same process: the transfer of a DNA fragment on interest from one organism to a self-replicating genetic element such as a bacterial plasmid. "This technology has been around since the 1970s, and it has become a common practice in molecular biology labs today." (Cloning Fact Sheet, 2006). When the media report on cloning in the news, they are usually only talking about one type of cloning, which is called reproductive cloning. However, there are many different forms of cloning, including human cloning, animal cloning, and cellular cloning. As for reproductive cloning, it is a technology which is used to generate an animal that has the same DNA as another currently or previously existing animal. The majority of reproductive cloning has so far been tried and tested on animals, with the modern cloning techniques involving nuclear transfers being successfully performed on several species. These land mark experiments in chronological order are: Tadpole (1952) Carp (1963) Sheep (1986) Rhesus monkey: Tetra (female, January 2000) Cattle: Alpha and Beta (males, 2001) and (2005) Brazil Cat: Copycat "CC" (female, late 2001), Little Nicky (2004) was the first cat cloned for commercial reasons Mule: Idaho Gem (2003) Horse: Prometea (2003) Human (2005) Dog: Snuppy (2005) The recent success in cloning animals has sparked fierce debates among scientists, politicians and the general public about the use and morality of cloning plants, animals and possibly humans. Although some argue that cloning can be used for many positive reasons, such as to preserve and increase the number of various endangered species, others are outraged at the 'misuse and mistreatment of science'. Currently the most successful cloning technique is that of the somatic cell nuclear transfer. This is the same cloning technique which allowed Dolly the sheep to be cloned, is also the same technique used by ACT - the first company to

Starhub analysis Essay Example for Free

Starhub analysis Essay Generic Characteristics of Telco Industry Market structure is either a: Monopoly Natural monopoly Oligopoly Dominated by a handful of big players High capital expenditure (capex) Absolute fixed cost is high But fixed cost per user is very low Telco may be very cash flow rich if capex is controlled Low operating expenditure (opex) Average cost per user is very, very, VERY low. Generic Characteristics of Telco Industry Lines of business Voice Traditional fixed lines overtaken by mobile Some households do not even have fixed lines i.e. M1 gives free fixed line with fibre plan Lucrative international dialing business is largely  gone Replaced by data i.e. Skype, VOIP etc. Generic Characteristics of Telco Industry Lines of business Data Escalating bandwidth demand (geometric growth) Some business models have failed as a result Unlimited mobile data plan replaced by tiered  pricing plans Reasonably priced unlimited fixed broadband/fibre  still available in some countries (not so in the US). Price differentiation between home and business data  plans Sub segment differentiation exists – gamers (low  latency) Telcos need data to make up for loss revenue in voice  business Generic Characteristics of Telco Industry Lines of business Pay TV Telcos offering pay TV not common for all  countries. Exists in Singapore. Always a balancing act between controlling cost  of content and charging viewers more Cost is increasing for developed countries  » Not so for developing countries†¦.. Video on-demand new business model Don’t pay for a whole channel, just pay for the TV program you want Mio TV vs Cable TV Generic Characteristics of Telco Industry Strategy for non-saturated markets Build out infrastructure and coverage while  controlling capex Gain market share by grabbing customers Especially in underserved markets Attempt to lock in existing customers Increase revenue by offering differentiated price  plans Tiered data plans (both mobile and fixed) Sell supplementary services Caller ID, low latency etc. Generic Characteristics of Telco Industry Strategy for mature and saturated markets Infrastructure and coverage largely built so there is little capex Control opex tightly Gain market share by poaching customers from  competitors Avoid price war Same as before Attempt to lock in existing customers Increase revenue by offering differentiated price plans Expand into overseas markets Any economies of scale? Industry Life Cycle Analysis Porter’s Five Forces Threat of New Entrants Bargaining Power of Suppliers Competitive Rivalry Within the Industry Threat of Substitutes Bargaining Power of Buyers Porter’s Five Forces Threat of New Entrants How easy is it for new players to enter the industry? What are the barriers to entry? Loyalty to existing brands Stickiness and incentives (e.g. loyalty points) High switching costs High capex and fixed opex costs Scarcity of resources Government restrictions and licensing Technology and intellectual property rights Porter’s Five Forces Power of Suppliers How much pressure can suppliers exert on the  business? Single or few suppliers (monopoly or oligopoly) Few or no substitutes Switching to new supplier is costly or time  consuming Supplier’s product is extremely important Supplier’s industry has higher profitability than  buyer’s industry Porter’s Five Forces Power of Buyers How much pressure can buyers exert on the  business? Single or few big buyers Purchases are in large volumes Switching to a different competitor is easy No stickiness or loyalty Buyer’s are price sensitive Company’s product is not important Porter’s Five Forces Availability of Substitutes How likely are customers to switch? Few or many similar products on the market? Switching cost is low and easy to do Disruptive technology Secular changes in consumption patterns and  lifestyles Porter’s Five Forces Competitive Rivalry How intense is the competition in the industry? High competition means low margins Number of competitors and size Any dominant company? Little differentiation between competitor’s  products and services Industry life cycle Young market means all firms grow as overall pie  expands Mature market means competitors grow by taking  market share from other companies Applying Porter’s Five Forces to Starhub Threat of New Entrants Government license is required and need to bid for  airwaves in government auction Is Singapore government issuing new telco licenses? What is the availability of airwaves? Auction prices cheap or costly? High capex and fixed cost†¦..but very low opex cost per user! Loyalty and stickness Some stickiness due to contract obligations (early  termination penalty) and incentives (handset upgrade  subsidies) Low switching costs if not under contract No cost and retain old mobile number Applying Porter’s Five Forces to Starhub Power of Suppliers Pressure from handset manufacturers Handset subsidy recouped by locking in  customers into contracts Big difference in price of handset without contract Apple able to negotiate for higher prices Telcos subsidize more. Costs passed down to  consumers. Pressure from content providers Cable TV pays HBO, Fox etc for content Special events like EPL cost much more Costs have been escalating lately†¦.. Applying Porter’s Five Forces to Starhub Power of Buyers Many retail customers (Starhub is no. 2 in SG) Extremely price sensitive Little brand loyalty and stickiness Individual customer have zero power Easy to switch out to competitor’s offerings Product is important but not tied to Starhub E.g. can get same handset and data plan from  competitors Some tradeoff between monthly price plan and data All telcos moving away from all-you-can-eat data plan Applying Porter’s Five Forces to Starhub Availability of Substitutes Handsets are not tied to Starhub Voice and data plans are also not unique to Starhub Cable TV content is differentiated Competes only with Singtel but not directly Different content and pricing content Special events like EPL are hotly contented Applying Porter’s Five Forces to Starhub Competitive Rivalry Extremely high competition Mature and saturated Singapore market Starhub grows by taking market share from Singtel and M1 Little differentiation between competitor’s  products and services But no direct price competition! Despite rivalry, industry margins relatively high Low opex cost per user Average revenue per user (ARPU) is growing Driven mainly from new tiered data plans Key Ratios for Telco Industry Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) Indicator of a company’s financial performance Churn Rate Actual rate at which customers leave for a  competitor Average Revenue Per User (ARPU) Takes into account revenue, capex and opex. As market matures, ARPU drops†¦. THE EQUITY RESEARCH PROCESS Purpose of the Equity Research Report To communicate to clients a single message How to allocate financial resources All other issues are secondary What are readers looking for? Ideas, ideas and ideas! Unique ideas are great but most of the time, ideas  generated could just be the same as everyone else Herd instinct is safe option! But no one will remember you†¦..! How to Make the Report Valuable? Use the KISS principle Investors have little time (and patience) Communicate clearly, concisely and get to the point. Have something to say Does it lead to an actionable idea? Report is an opportunity to standout and may lead to  other revenue generating activities or more face time  with the client. How to Make the Report Valuable? Issue the report in a timely fashion Giving investment opinion and advise too late is  pointless â€Å"Better late than never† fails in this case Treat your reader with respect Reader may be an investment professional herself Don’t patronize or condescend Tailor tone and language to target audience How to Make the Report Valuable? Be impartial and objective A research report is not an advertisement. Even if you like the company very much, not over  hype the company – leave that to the IR firms Know your stuff Be familiar with both the industry and company Be brave (but be prepared to face the firing squad) The best analysts are willing to take risks with their  opinions