Free Essays on Euro

En el TRATADO DE MAASTRICHT se definen las condiciones economicas necesarias para tomar parte en la moneda unica .Los Estados miembros de la Union Europea han de hacer converger sus economias .En Maastricht se definen 4 criterios de convergencia para llegar a este proposito: 1. Los paises han de evitar los deficits publicos excesivos .Esto se decidio a partir de dos tipos de referencia :el 3% del PIB para el deficit publico anual y el 60% del PIB para la deuda publica. 2. La inflacion no ha de superar en mas de un 1,5% la de los tres paises comunitarios que hayan obtenido las mejores cifras en durante el aà ±o anterior. 3. La moneda ha de haber respetado en los ultimos aà ±os los margenes normales de fluctuacion del Sistema Monetario Europeo (SME). 4. Los tipos de interes a largo plazo no han de sobrepasar en mas del 2% la media de los paises que tengan los tipos mas bajos de la Union. Definitivamente se generalizara el uso de la moneda unica a partir de Enero del 2002 y durante 6meses como maximo, se introduciran las monedas y billetes en EURO y se retiraran las antiguas monedas nacionales .En este tiempo los comerciantes estaran obligados aceptar el EURO. Lo mas importante de esta moneda es que sea aceptada por todos nosotros , es decir los ciudadanos. COMO VA AFECTAR EL EURO A LAS INVERSIONES.  ¿En que moneda se recuperaran las inversiones? Entre 1999 y 2002 las inversiones seran rembolsadas en monedas nacionales.Si las dos partes estan de acuerdo se podra rembolsar en EUROS .Si la inversion se realiza en EUROS, el reembolso se podra realizar en moneda nacional o en Euros. A partir del 2002, en Euros.  ¿Se vera afectado el valor de mi inversion por la introduccion del Euro? No .La introduccion del Euro no cambia el valor de su inversion.Seguira igual auque habra de tener cuidado con el ajustamiento del EURO.  ¿Entre 1999 y 2002, es mas ventajoso recuperar las inversiones en Euros o en moneda nacional? No ha... Free Essays on Euro Free Essays on Euro En el TRATADO DE MAASTRICHT se definen las condiciones economicas necesarias para tomar parte en la moneda unica .Los Estados miembros de la Union Europea han de hacer converger sus economias .En Maastricht se definen 4 criterios de convergencia para llegar a este proposito: 1. Los paises han de evitar los deficits publicos excesivos .Esto se decidio a partir de dos tipos de referencia :el 3% del PIB para el deficit publico anual y el 60% del PIB para la deuda publica. 2. La inflacion no ha de superar en mas de un 1,5% la de los tres paises comunitarios que hayan obtenido las mejores cifras en durante el aà ±o anterior. 3. La moneda ha de haber respetado en los ultimos aà ±os los margenes normales de fluctuacion del Sistema Monetario Europeo (SME). 4. Los tipos de interes a largo plazo no han de sobrepasar en mas del 2% la media de los paises que tengan los tipos mas bajos de la Union. Definitivamente se generalizara el uso de la moneda unica a partir de Enero del 2002 y durante 6meses como maximo, se introduciran las monedas y billetes en EURO y se retiraran las antiguas monedas nacionales .En este tiempo los comerciantes estaran obligados aceptar el EURO. Lo mas importante de esta moneda es que sea aceptada por todos nosotros , es decir los ciudadanos. COMO VA AFECTAR EL EURO A LAS INVERSIONES.  ¿En que moneda se recuperaran las inversiones? Entre 1999 y 2002 las inversiones seran rembolsadas en monedas nacionales.Si las dos partes estan de acuerdo se podra rembolsar en EUROS .Si la inversion se realiza en EUROS, el reembolso se podra realizar en moneda nacional o en Euros. A partir del 2002, en Euros.  ¿Se vera afectado el valor de mi inversion por la introduccion del Euro? No .La introduccion del Euro no cambia el valor de su inversion.Seguira igual auque habra de tener cuidado con el ajustamiento del EURO.  ¿Entre 1999 y 2002, es mas ventajoso recuperar las inversiones en Euros o en moneda nacional? No ha...

Multisensory Teaching Method to Reading

Multisensory Teaching Method to Reading The multisensory teaching approach to reading is based upon the idea that some students learn best when the material that they are given is presented to them in a variety of modalities. This method uses movement (kinesthetic) and touch (tactile), along with what we see (visual) and what we hear (auditory) to help students learn to read, write and spell. Who Benefits From This Approach? All students can benefit from multisensory learning, not just special education students. Every child processes information differently, and this teaching method allows for each child to use a variety of their senses to understand and process information. Teachers that provide classroom activities that utilize various senses, will notice that their students learning attention will increase, and it will make for an optimal learning environment. Age Range: K-3 Multisensory Activities All of the following activities use a multisensory approach to help students learn to read, write and spell using a variety of their senses. These activities feature hearing, seeing, tracing and writing which are referred to as VAKT ( visual, auditory, kinesthetic and tactile). Clay Letters Have the student create words out of letters made of clay. The student should say the name and sound of each letter and after the word is created, he/she should read the word aloud. Magnetic Letters Give the student a bag full of plastic magnetic letters and a chalkboard. Then have the student use the magnetic letters to practice making words. To practice segmenting have the student say each letter sound as he/she selects the letter. Then to practice blending, have the student say the sound of the letter faster. Sandpaper Words For this multisensory activity have the student place a strip of paper over a piece of sandpaper, and using a crayon, have him/her write a word onto the paper. After the word is written, have the student trace the word while spelling the word aloud. Sand Writing Place a handful of sand onto a cookie sheet and have the student write a word with his/her finger in the sand. While the student is writing the word have them say the letter, its sound, and then read the whole word aloud. Once the student completed the task he/she can erase by wiping the sand away. This activity also works well with shaving cream, finger paint, and rice. Wikki Sticks Provide the student with a few Wikki Sticks. These colorful acrylic yarn sticks are perfect for children to practice forming their letters. For this activity have the student form a word with the sticks. While they are forming each letter have them say the letter, its sound, and then read the whole word aloud. Letter/Sound Tiles Use letter tiles to help students develop their reading skills and establish phonological processing. For this activity, you can use Scrabble letters or any other letter tiles you may have. Like the activities above, have the student create a word using the tiles. Again, have them say the letter, followed by its sound, and then finally read the word aloud. Pipe Cleaner Letters For students who are having trouble grasping how letters should be formed, have them place pipe cleaners around a flashcard of each letter in the alphabet. After they place the pipe cleaner around the letter, have them say the name of the letter and its sound. Edible Letters Mini marshmallows, MMs, Jelly Beans or Skittles are great for having children practice learning how to form and read the alphabet. Provide the child with an alphabet flashcard, and a bowl of their favorite treat. Then have them place the food around the letter while they say the letter name and sound. Source: Orton Gillingham Approach

General Electric Case Study Example | Topics and Well Written Essays - 2750 words

General Electric - Case Study Example One such company is Sanyo Epson. ISO 14031 is used globally to evaluate organisations in the "manufacturing, health services, transportation, electric utility and municipal sectors in order to evaluate environmental performance (EPE), provide a basis for performance benchmarking, demonstrate compliance to regulations and increase operational efficiency" (ISO 14031, par. 1) It assists organisations to obtain ISO 14001 certification. Other companies, for instance, General Electric, have focused their efforts mostly inward, with the integration of high-tech programs to track their progress. In today's business environment, performance measurement relates to all aspects of business from leadership to management to employees to customers. It is a method by which company output, brand recognition, cooperation and interaction with other companies are measured. Because GE has expanded its product line to include almost every area of manufacturing, a successful environmental management progra m must be able to cover every phase of their business, from supply chain to operations to marketing. GE has the broadest array of infrastructure products, services and financing in the world, "from Energy to Aviation to Transportation to Water to Oil & Gas" (General Electric 2006, p.

Should be universal health care covarage Essay Example | Topics and Well Written Essays - 750 words

Should be universal health care covarage - Essay Example This universal health care is determined in three critical ways including: what services are covered, who is covered and how much cost is covered. The question arises, â€Å"should be universal health care coverage?† has a long heated debate. It is no more a secret that health care costs are far greater than any other costs and are also spiraling out of control I various countries. Countries are now spending more per person on health care as compared to housing and food. Insurance premiums are also increasing on a much faster pace than inflation. This in turn prevents economic growth and less money is left with businesses to hire more or raise the amount of workers. The following debate would now discuss whether a complete takeover by government of health care should be undertaken or not. A national database that is centralized should be developed which makes treatment and diagnosis easier and efficient for doctors. Doctors usually maintain their own record of patients in thei r offices. This is also one of the reasons why we have to fill out a lengthy form which has health records, whenever we visit a new doctor. This has several problems. For instance, it is wasteful in terms of both money and time. Secondly, patients may forget, lie or may not be able to describe problems precisely of the past. Whereas doctors require precise information to undertake a proper diagnosis of the patient. Therefore, a national system that is centralized would help us to do analysis of the data that once seemed impossible. This will further lead to increased diagnosis efficiency and medical advances. The main argument that arises because of the database that is centralized, is that some insurance providers may not provide coverage if they find some previous medical issues. By providing universal health care coverage, healing the patient would be more concentrated by medical professionals rather than on malpractice liability and insurance procedures etc. Doctors also need to practice medicine that is defensive in order to avoid getting sued. There are physicians that are also found to be leaving this profession as they have to handle all types of non-medical issues. A health system that is universal would also allow various nurses, doctors and other medical professionals to focus specifically on patients and matters relating to them that are most important. Our health care also has one of the biggest drawbacks, i.e. patients with a current or past medical condition like asthma or cancer are not able to gain health coverage in an affordable range. On the contrary, in case of universal health care, people are already healthy and those who take personal care will also be liable to pay for those who are obese and do smoking. It is because universal health care means that costs will be divided on all citizens regardless of their need for medical care and health. Those who have a proper diet plan, do not drink, do not smoke and do regular exercise have fewer health problems. Therefore universal health care should not be given as healthy people then question as to why they should be punished when they are already living their life in a healthy way. Health care systems that are universal vary from one government to the other and their involvement in providing health and care insurance. Universal health ca

The Difference Between Want and Need Essay Example for Free

The Difference Between Want and Need Essay You asked me to define the difference between want and need. And before I could write this essay to you, I had to think about the statement for a while. I had to look up the definition for both of the words want and need. Want technically means to wish for, or to desire. And need means to require, or a necessity, according to the Webster’s New World Dictionary. These two words might mean very different things, but yet they get mistaken for each other almost all the time. I could say that I need that new designer t-shirt that fits me perfectly, but we both know that I don’t need it. I want it. Being a teenager has me believing that I need materialistic things. All teenagers could say the same. I’m going to make a list for you of the things I need, and what I want. What I need: †¢ A roof over my head †¢ Enough food and water to maintain my health †¢ Blood, organs, skin, cells, bones, protein, ect.. What I want: †¢ Fancy foods †¢ Sports car †¢ Name brands †¢ Phone †¢ A big house And the list could go on and on. But hey, does that mean that we should only buy what we absolutely need? Not at all. Since life is meant to be lived, not survived. You can treat yourself to â€Å"wants† along the way to success, but only do so as long as you can afford it. And enjoy those â€Å"wants† for the EXTRAS that they are. â€Å"Wants† are things you without a doubt could live without. But needs, are a different story. Needs are essential, like water and food. Basically things that keep us alive. So here is my attempt to understand the difference between want and need. Thank you for trying to get me ready for life, appreciation is given. Since I’m a kid and I’m still yet to learn my lesson, guess I’ll have to learn the hard way. I hope you liked my writing.

Wolfgang Amadeus Mozart Essay -- essays research papers fc

Wolfgang Amadeus Mozart was born January 27, 1756, in Salzburg, Austria. He was christened Johannes Chrysostomus Wolfgangus Theophilus, but he preferred Wolfgang Amadeus Mozart. His father, Leopold, began teaching him to play minuets on the harpsichord before he was four years old. It only took him half an hour to learn each minuet. Before he was six, he had composed sonatas and a concerto for the harpsichord. Mozart learned to play the violin without being taught. He had watched his father and developed and intuition for playing. As a child, Mozart was so serious and thoughtful that at times he appeared older than he was. However, he was still a boyish boy and had a happy contentment about him. At age 6, Mozart began touring with his family where he played for the Emperor and Empress in Vienna, and Marie Antoinette, the future Queen of France. In 1763 Mozart went to Paris where he wrote four sonatas that were published. Next, Mozart traveled to England and played for the King and Queen. Then at the age of nine he wrote his first symphonies for orchestra. In 1766, he returned to Salzburg. By this time Mozart could play music at first sight on the piano, harpsichord, clavichord, and organ. He was also talented on the violin and viola. It wasn’t long before he was traveling again. In 1770, while in Milan, Mozart wrote the opera â€Å"Mitridate† and then another opera â€Å"Lucio Silla†. While in Italy, Mozart passed a composition test and became a member of the Bologna Philharmonic So...

Analysis of Ryanair

Summary Ryanair, one of the most famous low cost airlines, attracts attentions from people and researchers all over the world. As the financial crisis and the European debt crisis have an obvious negative influence on the global economy, the aircraft industry has experienced some decline for the last few years. However, both the sales and profits of Ryanair have increased during this period. In this essay, we will first analyse the external environment of Ryanair by using PESTEL Analysis Model.Then we will make an in-depth analysis about its strategic capability by SWOT model (strengths, weaknesses, opportunities and threats). In the following part, we will compare Ryanair with its biggest competitor easyJet and critically access the effectiveness of its cost focus strategy. Finally we will give a conclusion of the whole result of our research and give some suggestions for its future development. Introduction Ryanair was first established in 1985 by Christy Ryan, Tony Ryan and Liam L onergan.Its headquarters are located in Ireland, while its primary operational bases are at London Stansted Airports and Dublin. In 1989, Ryanair’s businesses saw a decline. At the same time, Tony Ryan persuaded his financial advisor to assume the CEO. Then, Ryanair began to learn experience from Southwest Airline, and was the first one to introduce the cheap air carriers and mode into Europe. Profitability of consecutive years has made Ryanair to become the most profitable airlines in the world. Findings and Analysis Environmental AnalysisPESTEL Model is used in this report to give an overview of the six different environmental factors that the company has to take into consideration. Firstly, political factors refer to the political organizations and relevant policies, laws, regulations as well as other factors which have the actual and potential impacts on operating activities (Gillespie, 2007). The charge which was raised by airports of different countries has a significan t effect on Ryanair. Indirectly, Ryanair is also insubstantial to extra charges and taxes, for instance, the â‚ ¬10 tourist tax imposed by the Irish government.In addition, EU imposed a regulation on 17 February 2005, which asked airlines to provide standardized and immediate assistance for passengers who stayed at EU airports for delays, cancellations and denied boarding. This regulation led Ryanair to raise at least â‚ ¬200 million in their budget every year. (O’Higgins, 2011) Secondly, economic factors mean the organization's external economic structure, industrial layout, resource situation, the level of economic development and future economic trends (Gillespie, 2007). There are two interrelated economic factors that affect Ryanair. The first one is the recession of 2008/09.It created adverse economic situations such as high unemployment rates and severe credit crisis, which lead to the leisure spending and business passengers declining. Ryanair's planned passenger volume growth has been restricted by this depression. Moreover, the continuing growth of fuel price is the greatest concern to this company. It is hard to control and predict the wide fluctuations of Jet fuel price and its increase demand. According to Pearce (2011, 3), â€Å"However, the developed economies have seen a much slower recovery and levels of output, income and spending remain well below pre-recession levels†.Thirdly, social factor refers to the historical development, cultural traditions, values, education levels, as well as customs and other factors of society where the organization belongs to (Gillespie, 2007). It can be found in Ryanair's own report (2012) that Ryanair as well as other airlines are facing some social changes–threats from terrorist attacks, the continuing acceptance of the security budget suppliers and more price-sensitive business travelers. These factors make up the social factors which affect Ryanair and aviation industry.Fourthly, t echnological factors include not only the revolutionary innovation but also some relative new technologies, new materials and new ways of operating or management (Gillespie, 2007). For airline industry and airline companies, the contributions of technology could be separated in three parts: to ensure aviation safety, to improve the quality of services and to make operations more efficient. Even Ryanair bought some of second-hand planes, these aircraft are all Boeing 737, which could reduce the training fee for pilots and flight attendants (Box, 2005).More important, Boeing's help to make the unitive structures of plants could decrease the possibilities of incorrect operations and the unsuited spare parts of aircrafts. Although Ryanair is widely regarded as a low cost airline, it is also one of the safest airlines. As some of other airlines rely on the tickets agents, Ryanair built its own website and ticketing system. The cost of agency fee is reduced and the company could make cont rol of the ticket service which could lead to some misunderstandings as some operators of tickets agents would treat customers in a worse mood.Furthermore, through operating the ticketing system, Ryanair itself, could make booking tickets and bounce easier and speedily. Fifthly, environmental factors include ecological and environmental aspects. Countries in the world are faced with the enormous challenges of environmental issues, and sustainable development is an important way to solve this problem (Gillespie, 2007). Due to the report of IATA, air transport contributes 2% of global man-made CO2 emissions. Although Boeing 737 helps Ryanair to save fuel of airplane, it is not enough at the moment.New energy sources such as biological energy source are in the experimental stage and should be used in the further, and most airlines have to adapt to the new development. Lastly, legal factors include discrimination law, consumer law, antitrust law, employment law, and health and safety la w (Gillespie, 2007). Ryanair's latest attempt to take over its Irish rival Aer Lingus is investigated by the European Commission over competition worries. Ryanair also has problem with the government. The British government decided to remain the Air Passenger Duty (APD), a ladder-type tax, and raised the tax rate by nearly 10%.This change leads to the increase of cost of daily operation of Ryanair. To cover the costs of the EU's new eco-looney ETS tax, the Ryanair has to raise the prices of tickets, which could make their prices less competitive. Furthermore, BAA, the owner of London's Heathrow airport, is seeking to sell Edinburgh after losing a legal challenge to an order from the UK's antitrust regulator to break up the company, while the bid of Ryanair is rejected by BAA (Rothwell, 2012). Strategic capability analysis SWOT Analysis Model is used to assess the strategic capability of Ryanair by four dimensions: Strengths, weaknesses, opportunities, threats.Strength 1. Low-cost st rategy The most significant strength of Ryanair is its low-cost strategy. It uses a young efficient fleet with low cost of ownership and industry load factors to increase benefit and gain high asset utilization. The following statement from their CEO Michael O’Leary proves that â€Å"These quarterly results are a testimony to the strength of the Ryanair ‘lowest cost’ model which – even during the most difficult trading conditions (including record fuel prices and intense competition) – delivers strong passenger growth and profits. †(Sorensen, 2005) 2. Youngest fleetRyanair only choose to use Boeing 737 planes for easier staff training and also can improve pilot’s familiarity with aircraft operation, in this way to keep customers’ safety. According to O’Higgins Ryanair â€Å"reducing the average age of its aircraft to 2. 4 years† which be the youngest planes in Europe and increased the safety of the flight (2011). 3 . New kinds of marketing strategy Ryanair uses newspaper, radio, television and all the possible methods they can to advise, which are proved to be efficient on increasing the number of customers: â€Å"as a result,Internet bookings account for 99 per cent of all reservations†(O’ Higgins, 2011).Otherwise, some methods might be controversial and audacious, such as using the pictures of Queen Sofia, President Sarkozy and his wife’s on the air slipping. Although the action is without permission and also costs damage, it still made the company become famous rapidly. Weakness 1. Customers’ dissatisfaction Ryanair takes a lot of ancillary revenues from customers, which causes customer’s dissatisfaction, such as payment for using the toilet on plane, charge for check-in luggage and â€Å"fat tax† for overweight passengers. These measures will lead to customer’s bad impression to the company. 2. Overstep in increasing scaleRyanair is too addi cted to increasing scale. This will cause the increasing of operating costs. With the growing of fuel and airport charges, the bigger scale of the company is, the more challenges it will be faced to. 3. Single-handed leader and the controversial acts As Ryanair’s CEO, Michael O’Leary is a controversial leader. The issues he made such as calling thousands of passengers â€Å"idiots† (Huff Post, 2012), using the Italian minister Umberto Bossi abusive gestures picture for advertising caused great repercussion. Most of people think this measure was not suitable and will give a bad impression on Ryanair.Opportunities 1. New markets With the enlargement of the European Union, a lot of new destinations could be opened up. Skies agreement opened by EU could be a source for increased routes and passenger traffic inwards. According to the opinion of Ryanair’s route development director O’Toole, there remains major opportunities in Spain and Italy, as well as Norway, Portugal, Greece, Bulgaria, Cyprus and Russia (Routes Online, 2010). Besides that, future open skies agreements in Turkey, Tunisia and Georgia could make these interesting countries for the carrier, he added. 2. Benefits from economic recession.Though economic slowdown created unfavourable economic conditions with reduced spending by leisure and business passengers which restricts the growth of the whole airline industry, actually, it can help Ryanair to improve corporate culture, and ‘steal’ customers from traditional carriers as they seek lower fares. Mr. O'Leary, Ryanair’s CEO, stated that the rise in profit came â€Å"despite the economic downturn† in Europe (New Europe Online, 2011), and he intended to double the size of the airline over the next decade. Threats 1. Increasing oil price Ryanair’s earning rate highly depends on the oil market because the fuel cost is influenced by it.With the increasing of global oil price, fuel cost cou ld be a burden for Ryanair and its expansion plans will be challenged by the high fuel price. 2. Increase of low fare competition According to Newll (2006, 3), â€Å"Yet perhaps the price tag has become too much the focus of attention†. Value market segment is being catered by an increasing number of competitors, such as easyJet, Air Berlin, Basic Air, BMIBaby. Slots at some primary airports have been established by them (Air Scoop, 2007). Ryanair have to compete directly with other low cost carriers in the near future.At the same time, additional marketing costs and reduced yields from lower fares force Ryanair to promote additional routes. As a result, Ryanair was likely to encounter increased competition, and continue depressing yields, as airlines struggled to fill vacant seats to cover fixed costs. 3. Customers are very price sensitive Because of the low cost strategy, the customers of Ryanair are much more sensitive to price, that means, any kinds of extra fees could ma ke bad influence on its corporate image. As a result, it is difficult for Ryanair to improve unit profit and have to reduce unit costs through scale expansion (O’Higgins). . Introduction of duty for fuel and environmental charges Since Ryanair is powerless to prevent the environmental charges such as the tax on aviation fuel, its growth potential would be reduced as the unit costs would be increased. SO strategies 1. Ryanair should use the low-cost passenger ticker strengths to attract more customers. Nowadays, global economic recession is a serious problem to all over the world, especially for Europe. Ryanair is a company most facing the European market. Customers now are more concern about the price. The company should catch this opportunity to occupy more market share. . Special â€Å"pay by use† service of Ryanair is one of its characteristics and the unusual features compared with other companies which can decrease costs of services. Ryanair can use the financial crisis of competitor’s and capture the opportunity to attract more customers and earn more profit than others. ST Strategies 1. In the next few years, low cost airlines market expansion would probably slow down because new opportunities would be more limited. As growth slows, labor costs for the low-cost carriers will continue to rise as well as the level of oil prices.Ryanair should be prepared for convergence of costs and conditions and make corresponding strategies, but it should still retain the ‘no-frills’ advantage of high seat density, aircraft utilization and lowest fares in any market (Air Scoop, 2007). 2. In order to achieve the aim to be the biggest player and keep its domination in the low-price market segment, Ryanair will have to expand into more popular routes coupled with retaining its differentiation strategy, such as purchasing newer, more fuel-efficient and environmentally friendly aircrafts and offering best customer services compared with its peer grouping in Europe.Strategic Assessment The core strategy of Ryanair Airlines is cost-focus strategy. The company continuously keeps its cost at a low level to offer low-fares services. Actually, cost control is the central strategy of all budget airlines, such as Ryanair’s main competitor in Europe—easyJet. In this part, we are going to assess Ryanair’s competitive strategy through a comparison with the operating performance of easyJet. EasyJet is a Europe's leading airline comes from the United Kingdom, founded in 1995, which has remarkable positions in some key markets: No. in Gatwick, Milan and Geneva; No. 2 in Paris with over 300 million people within a one hour drive of an easyJet carrier (easyJet plc, 2012). And easyJet is one of the leading lights of Europe's budget flight industry. 1. Financial results analysis with business strategy Table 1 Comparison of operating financial results between Ryanair’s & easyJets in 2012 Ryanair(? million)Eas yJet(? million) Scheduled revenues28273794 Ancillary revenues71560 Total operating revenues35423854 Scheduled revenues /total operating revenue79. 8%98. 4% Selected costs Fuel12841149 Maintenance84203 Marketing145104Total operating expenses29883323 Source: Ryanair Annual Report 2012 & easyJet Annual Report 2012 In their own financial year of 2011/12, Ryanair performed better than easyJet by ? 312 million in the total operating revenues (after exchange EURO to GBP with current rate), which mainly due to the high ancillary revenues from various ancillary services and involvement in other activities connected with its core air passenger services, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food, and merchandise (Ryanair annual report, 2012).Michael O’Leary talked previously about their ancillary strategy: â€Å"If you want a quiet flight, use another airline, Ryanair is noisy, full and we are always trying to sell you something† (O’Higgins, 2009). The ancillary strategy has been working well so far. However, the scheduled revenues which should be the primary business revenue of Ryanair were lower than its competitor easyJet. It might be caused by the cutting routes strategy and lower average load factors, especially the cutting routes strategy carried out in 2009, which has already cut down 389 rotes (1000 routes in 2009).In terms of operating costs, Ryanair had a better performance in controlling total operating expenses in 2011/12, which is ? 2988 million, while that of easyJet is ? 3323 million. However, Ryanair spent more on fuel and oil, which occupied nearly 43% of the Ryanair’s total expenses. Jet fuel is always variable and cannot be predicted previously. And jet fuel prices are dependent on crude oil prices, which are quoted in U. S. dollars. As a result, Ryanair’s fuel cost is affected by currency exchange. â€Å"Based on Ryanair’s fuel consumption fo r the year 2011, a change of $1. 0 in the average annual price per metric ton of jet fuel would have caused a change of approximately â‚ ¬1. 5 million in Ryanair’s fuel costs† (Ryanair annual report, 2012). In order to minimize its loss on fuel price change and currency rate, like many other airlines do, such as Southwest Airlines, Ryanair uses forward contracts to protect against fluctuations. Ryanair’s maintenance cost is relatively lower than easyJet. It might be largely due to the aircraft it adopts. Ryanair uses single fleet type—Boeing 737-800, which is considered to be one of the most fuel efficient fleet type, while easyJet has two types—Airbus A320, A319.The single fleet type reduces the number and cost of aircraft components in stock, as well as its maintenance cost. Ryanair’s marketing cost is more than easyJet’s. This may be a result of its promotion for ancillary revenue. In order to earn a widely range of revenue apart from scheduled revenue, Ryanair advertises its services in national and regional newspapers, as well as controversial and topical advertising (Ryanair annual report, 2012). 2. Growth capacity under strategy: Table 2: Ryanair’s financial performance(â‚ ¬Million) 20122011Changes Total revenue4,324. 93,629. +19% Profit before tax560. 4375. 6+50% Adjusted net profit after tax502. 6400. 7+25% Basic earnings per share (in euro cent)38. 0325. 21+51% Adjusted basic EPS (in euro cent)24. 1026. 97+26% Source: Ryanair annual report 2012 Ryanair’s operations have grown rapidly during 2011/12. This year, net profit after tax had a 25% increase after adjusted, total operating revenues increased by 19% to â‚ ¬4,324. 9 million as average fares rose by 16% (Ryanair annual report, 2012). Furthermore, ancillary revenues grew up by 11%, faster than the 5% increase in passenger numbers.Although the average load factor of Ryanair was lower than its competitor, there is still an incre ase of 13% (Ryanair annual report, 2012). In 2012/13, Ryanair plans to develop 330 new routes and intend to continue expanding its navigation, new destinations and new flights, which are expected to increase Ryanair’s booked passenger volumes to approximately 79 million passengers per year. In addition, there is a strategy of transferring operating flights from high cost airports to low cost airports in winter in order to reduce cost in off season.Overall, the company’s growth has been largely dependent on increasing performance and growing capacity. 3. Star rating & customer satisfaction From Low-Cost Airline Ranking in Official SKYTRAX Airline Star Ranking website (2012), the star ranking of Ryanair is two stars while easyJet is three stars. And easyJet ranked 5th in World's Best Low-Cost Airlines award, however, Ryanair wasn’t in this list. Actually, Ryanair always has a worse public image than its competitors due to its marketing strategy by making stunts.An d in some instances, the extra charges imposed on passengers such as check-in charges and booking fees make customers unsatisfied. What is worse, some flying accidents make its statements of punctuality and safety being doubted by the public. Conclusion Overall, Ryanair is successful in planning and performing its cost focus strategy. Facing with the strength, weaknesses, opportunities and threats, it is recommended that: 1. Ryanair should continue using its low fares to attract price-sensitive customers. 2. Ryanair can keep following its â€Å"pay by use† service, which is an effective way to ensure low price.However, when taking extra charges, it should consider the public’s attitudes to the fee. 3. Ryanair should continue controlling its costs to compete with other low fare airlines, especially fuel and oil costs. 4. Ryanair should pay attention to its brand and reputation, and make some efforts to earn a better degree of satisfaction. 5. Ryanair should take measure s to build a good relationship with authorities and governments. Reference List Gillespie, A. (2007), Foundations of Economics, Oxford University Press: Oxford O’Higgins, E. 2011), ‘Ryanair: the low fares airline – future destinations? ’,IN, Johnson,C. (ed. ) Exploring Strategy: Text and Cases, Pearson Education, pp. 618-627 Pearce, B. (2012), ‘The state of air transport markets and the airline industry after the great recession', Journal of Air Transport Management, Volume 21, July 2012, pp. 3-9 Rothwell, S. (2012), Ryanair Deepens Cuts at Edinburgh as BAA Seeks to Complete Sale [Online]. Available: http://www. businessweek. com/news/2012-04-12/ryanair-deepens-cuts-at-edinburgh-as-baa-seeks-to-complete-sale [Accessed: 12th April 2012]Box, T. M. (2005), ‘RYANAIR (2005): successful low cost leadership', Journal of the International Academy for Case Studies, Volume 13, Number 3, pp. 65-67 Air Scoop, (2007), The Low Cost Carriers Analysis Newslett er, [online], Available: http://www. air-scoop. com/pdf/air_scoop_May2007. pdf [Accessed: 10th December 2012]. Huff Post, (2012), Ryanair CEO Michael O’Leary Calls Passengers â€Å"Idiots†, [online], Available: http://www. huffingtonpost. com/2012/09/05/ryanair-ceo-michael-oleary-calls-passengers-idiots_n_1857143. html [Accessed: 10th December 2012]New Europe Online, (2011), Ryanair profits rise despite fuel costs and economic downturn, [online], Available: http://www. neurope. eu/article/ryanair-profits-rise-despite-fuel-costs-and-economic-downturn [Accessed: 10th December 2012]. Newll, I. (2006), ‘Is win-win just pie in the sky? ‘, Strategic Direction: The airline industry, Volume 22, Number 6 June 2006, pp, 3-5 O’Higgins, E. , 2011, Ryanair: the low fares airline – future destinations? , IN, Johnson,C. (ed. ) Exploring Strategy: Text and Cases, Pearson Education, pp. 618-627Routes Online, (2010), â€Å"Major opportunities remain in Europeà ¢â‚¬ Ã¢â‚¬â€Ryanair route director,[online], Available: http://www. routesonline. com/news/36/the-hub/97447/amajor-opportunities-remain-in-europea-a-ryanair-route-director/ [Accessed: 10th December 2012]. Sorensen, T. C. , (2005), An analysis of the European low fare airline industry- with focus on Ryanair, Aarhus School of Business. EasyJet Evidence, 2012. AT A GLANCE. [online] Available at: [Accessed 1 December 2012]. Ryanair, 2012. Annual report 2011-2012. [online]Available at: [Accessed 1 December2012]. easyJet plc, 2012. Annual report 2011-2012. online]Available at: [Accessed 1 December2012]. STARTRAX Evidence,2012. Low-Cost Airline Ranking. [online] Available at: [Accessed 1 December 2012 ] Appendix Selected operating data RyanaireasyJet PASSENGERS (JAN’11 – DEC ’11)76. 4million55. 5million AVERAGE LOAD FACTOR82. 2%87. 5% NUMBER OF DAILY FLIGHTS13531260 COUNTRIES SERVED2730 DESTINATIONS162130 ROUTES6111400 PERMANENT EMPLOYEES75719000 NUMBER OF AIRCRAFT27 5202 AVERAGE FLEET AGE3. 03. 9 FLEET TYPE275 Boeing 737-80035 Airbus A320 167 Airbus A319 Sources: European Low Fares Airlines Association (ELFAA), December 2011

Cable vs. Satellite Tv Essay

Cable TV: Cable TV companies lay wiring throughout the areas they service, including amplifiers to make sure signal strength is good throughout. Cable can then be easily brought into your home and connected to a cable box or directly into your TV. Satellite TV: Satellite TV companies send their signal to a satellite in space, which then sends it down to the dish on your roof. The dish then needs to connect to a receiver box, which connects to your TV. What kind of equipment do I need? Cable TV: If your home is not wired for cable TV, an installer will need to run cable into your home and create a wall plate with a connector on it. You can plug directly into your TV if you want to receive a basic channel lineup. To receive a fuller menu of digital and HD channels, a cable box is required for each television you plan to use. DVRs and HD-DVRs are generally available that deliver digital and HD channels as well as extra features like the ability to record/store programming and pause live TV. Satellite TV: You’ll need to have a dish installed outside on something like a roof or balcony that has a clear view of the southern sky. Set-top boxes are required for each television you plan to use. DVRs and HD-DVRs should be available that deliver digital and HD channels as well as extra features like the ability to record/store programming and pause live TV. What kind of programming can I get? Both cable and satellite TV offer digital and HD channels, along with varying amounts of on-demand and pay-per-view programming. Cable TV almost always offers a full range of local channels, while satellite TV’s local channel availability is much more robust now than in years previous (most cities should have access to a full list of local channels). Can I get service where I live? Cable TV: If you live in a medium to large-sized city, you will very likely have access to cable TV. If you live in a very small town or isolated area, you may not be able to get service due to a lack of cable lines in the area. Satellite TV: Satellite TV can provide programming to city and countryside residents alike, as you only need to have a clear view of the southern sky for your dish. It can be problematic for renters, however, who don’t have access to a southern view or who have to pay extra building fees to install a dish. Are there any issues with reception quality? Cable TV: There are outages with cable TV service, but they are infrequent. Some areas of the country and some companies will experience this more than others. While the level of outages is quite low, when service does go out in an area, it can last for a couple of hours or longer. Satellite TV: A satellite TV signal can be affected by things like severe weather, causing a loss of picture that usually lasts a few seconds to perhaps a few minutes. Also, if your dish is knocked down due to something like high winds, you will lose reception. In the early days, someone probably denounced cable by saying, â€Å"Television is like water, and no one will ever pay for something they can get for free.† Still, people subscribed. Cable provided a tremendous service for those who couldn’t receive signals by local affiliates. It rapidly became part of the television landscape. Fifty years later, the television world is littered with cable conglomerates who now compete with satellite companies by offering hundreds of digital channels and consumer-friendly interactive services. Their goal is to get your business. Here is a comparison of common services generally provided by cable and satellite companies in the United States and Canada. PRICES Because satellite providers don’t have to pay taxes levied by local governments and feature smaller infrastructures, consumers get more bang for the buck with satellite. Right now, cable’s low-end price is better, but with a third of the channels it’s not an easy sale when compared to satellite’s lowest package. Cable companies have millions of miles of outdated lines buried below ground, and are in the process of converting their technology to digital, which will be expensive. While satellite offers lower programming packages across the board, companies do charge fees per room receiving the signal. Though, some cable companies do, too. Edge: Satellite PROGRAMMING Remember the talk of a 500-channel universe? It’s here, and cable and satellite companies are ready to transport the consumer there. While both offer similar channel packages, each has an advantage over the other. Satellite offers both east and west coast feeds and alternate sports programming for channels like ESPN and Fox Sports. Sometimes sports stations televise games based on regional interest. Their alternate feed allows the satellite viewer the choice of either game. Of course, accessibility to some of the alternate feeds might require an additional price. Cable counters by offering plans for around twenty dollars for those who want good reception without paying for the 500-channel universe, and local programming not carried by satellite providers like public access stations. Edge: Even EQUIPMENT Cable has an advantage for subscribers who don’t want digital programing because there’s no equipment needed other than a television. For the digital subscriber, cable and satellite are similar. You’ll need a converter box, remote, and compatible television. Satellite needs an unobstructed view of the southern sky to receive signals, which is a huge disadvantage for renters because their leasing company might require a deposit for satellite installation. Homeowners also assume a minimal risk by installing a dish to a side wall or roof. Edge: Cable AVAILABILITY Cable only reaches as far as their infrastructure is built while satellite has the entire southern sky. This is significant because in some deregulated markets, all cable companies don’t reach all homes. Edge: Satellite DIGITAL, HDTV, and DVR Concerning digital, high definition, and digital video recorders, cable and satellite companies are equal with one exception. Some satellite companies require an upfront purchase of the DVR and HD box. Others are like cable companies and lease boxes on a monthly basis. Purchasing a receiver is an advantage over time because monthly charges add up. All major companies offer all services in one way or another. Edge: Even BUNDLED SERVICES Bundling services is an adaptation of survival by cable and satellite companies. They either own or form partnerships with other telecommunication companies to offer television, phone, and Internet service for one low price. An example of a bundled service is SBC joining with Dish Network and Yahoo! to offer phone, satellite, and DSL. All major cable and satellite companies will offer some sort of one-bill service because that’s the trend in today’s market. Edge: Even CUSTOMER SERVICE Satellite companies flourish without store fronts because of phone and online customer services. However, store fronts are convenient because they’re a place to pay bills, change out equipment, and voice a compliment or complaint face-to-face. Edge: Cable OBLIGATION Some satellite companies require contracts and some don’t, but very few (if any) cable companies require the consumer to commit to a minimum subscription length.

How Steroid Hormones Work in the Body

How Steroid Hormones Work in the Body Hormones are molecules produced and secreted by endocrine glands in the body. Hormones are released into the blood and travel to other parts of the body where they bring about specific responses from specific cells. Steroid hormones are derived from cholesterol and are lipids of steroid hormones include the sex hormones (androgens, estrogens, and progesterone) produced by male and female gonads and hormones of the adrenal glands (aldosterone, cortisol, and androgens). Key Takeaways: Steroid Hormones Steroid hormones are fat-soluble molecules derived from cholesterol. They are produced by certain endocrine organs and glands and released into the bloodstream to reach target cells.Steroid hormones include sex hormones and adrenal gland hormones. Testosterone, estrogens, and cortisol are examples of steroid hormones.Steroid hormones act on cells by passing through the cell membrane, entering the nucleus, binding to DNA, and initiating gene transcription and protein production.Anabolic steroid hormones are synthetic molecules that mimic the action of testosterone. Illegal use and abuse of these hormones can lead to a number of negative health consequences. How Steroid Hormones Work Steroid hormones cause changes within a cell by first passing through the cell membrane of the target cell. Steroid hormones, unlike non-steroid hormones, can do this because they are fat-soluble. Cell membranes are composed of a phospholipid bilayer which prevents fat-insoluble molecules from diffusing into the cell. This is an illustration of lipid-soluble hormone binding and protein production in a cell. Â  OpenStax, Anatomy Physiology/Creative Commons Attribution 3.0 Once inside the cell, the steroid hormone binds with a specific receptor found only in the cytoplasm of the target cell. The receptor bound steroid hormone then travels into the nucleus and binds to another specific receptor on the chromatin. Once bound to the chromatin, this steroid hormone-receptor complex calls for the production of specific RNA molecules called messenger RNA (mRNA) by a process called transcription. The mRNA molecules are then modified and transported to the cytoplasm. The mRNA molecules code for the production of proteins through a process called translation. These proteins can be used to build muscle. Steroid Hormone Mechanism of Action The steroid hormone mechanism of action can be summarized as follows: Steroid hormones pass through the cell membrane of the target cell.The steroid hormone binds with a specific receptor in the cytoplasm.The receptor bound steroid hormone travels into the nucleus and binds to another specific receptor on the chromatin.The steroid hormone-receptor complex calls for the production of messenger RNA (mRNA) molecules, which code for the production of proteins. Types of Steroid Hormones This is a molecular model of the structure of the male sex hormone testosterone. Â  Pasieka/Oxford Scientific/Getty Images Steroid hormones are produced by the adrenal glands and gonads. The adrenal glands sit atop the kidneys and consist of an outer cortex layer and an inner medulla layer. Adrenal steroid hormones are produced in the outer cortex layer. Gonads are the male testes and female are the ovaries. Adrenal Gland Hormones Aldosterone: This mineralcorticoid acts on the kidneys promoting the absorption of sodium and water. Aldosterone aids in blood pressure regulation by raising blood volume and blood pressure.Cortisol: This glucocorticoid aids in metabolism regulation by stimulating the production of glucose from non-carbohydrate sources in the liver. Cortisol is also an important anti-inflammatory substance and helps the body deal with stress.Sex Hormones: The adrenal glands produce small amounts of the male sex hormone testosterone and the female sex hormone estrogen. Gonadal Hormones Testosterone: This male sex hormone is produced by the testes and in small amounts in the female ovaries. Testosterone is responsible for the development of male reproductive organs and male secondary sex characteristics.Estrogens: These female sex hormones are produced in the ovaries. They promote development of female sex characteristics and skeletal growth.Progesterone: This female sex hormone is produced in the ovaries and important for the production and maintenance of the uterine lining during pregnancy. Estrogen and progesterone levels also regulate the menstrual cycle. Anabolic Steroid Hormones Anabolic steroid hormones are synthetic hormones of the male androgen testosterone. Â  PhotosIndia.com/Getty Images Anabolic steroid hormones are synthetic substances that are related to the male sex hormones. They have the same mechanism of action within the body. Anabolic steroid hormones stimulate the production of protein, which is used to build muscle. They also lead to an increase in the production of testosterone. In addition to its role in the development of reproductive system organs and sex characteristics, testosterone is also critical in the development of lean muscle mass. Additionally, anabolic steroid hormones promote the release of growth hormone, which stimulates skeletal growth. Anabolic steroids have therapeutic use and may be prescribed to treat problems such as muscle degeneration associated with disease, male hormone issues, and late onset of puberty. However, some individuals use anabolic steroids illegally to improve athletic performance and build muscle mass. Abuse of anabolic steroid hormones disrupts the normal production of hormones in the body. There are several negative health consequences associated with anabolic steroid abuse. Some of these include infertility, hair loss, breast development in males, heart attacks, and liver tumors. Anabolic steroids also effect the brain causing mood swings and depression.

Battle of Saratoga in the American Revolution

Battle of Saratoga in the American Revolution The Battle of Saratoga was fought September 19 and October 7, 1777, during the American Revolution (1775-1783). In the spring of 1777, Major General John Burgoyne proposed a plan for defeating the Americans. Believing that New England was the seat of the rebellion, he proposed cutting the region off from the other colonies by moving down the Hudson River corridor while a second force, led by Colonel Barry St. Leger, advanced east from Lake Ontario. Meeting at Albany, they would press down the Hudson, while General William Howes army advanced north from New York. British Plans An attempt to capture Albany from the north had been attempted the previous year, but the British commander, Sir Guy Carleton, had elected to withdraw after the Battle of Valcour Island (October 11) citing the lateness of the season. On February 28, 1777, Burgoyne presented his plan to the Secretary of State for the Colonies, Lord George Germain. Reviewing the documents, he granted Burgoyne permission to move forward and appointed him to lead the army that would invade from Canada. Germain did so having already approved a plan from Howe that called for the British army in New York City to advance against the American capital at Philadelphia. Â   It is unclear whether Burgoyne was aware of Howes intentions to attack Philadelphia before he left Britain. Though Howe was later informed that he should support Burgoynes advance, he was not specifically told what this should entail. Additionally, Howes seniority precluded Burgoyne from issuing him orders. Writing in May, Germain told Howe that he expected the Philadelphia campaign to be concluded in time to assist Burgoyne, but his letter contained no specific orders. Burgoyne Advances Moving forward that summer, Burgoynes advance initially met with success as Fort Ticonderoga was captured and Major General Arthur St. Clairs command forced to retreat. Pursuing the Americans, his men won a victory at the Battle of Hubbardton on July 7. Pressing down from Lake Champlain, the British advance was slow as the Americans diligently worked to block the roads south. The British plan began to unravel in quick succession as Burgoyne became plagued by supply issues. To help remedy this issue, he dispatched a column led by Lieutenant Colonel Friedrich Baum to raid Vermont for supplies. This force encountered American forces led by Brigadier General John Stark on August 16. In the resulting Battle of Bennington, Baum was killed and his predominantly Hessian command suffered over fifty percent casualties. The loss resulted in the desertion of many of Burgoynes Native American allies. Burgoynes situation was further worsened by news that St. Leger had turned back and that Howe had left New York to begin a campaign against Philadelphia. Alone and with his supply situation worsening, he elected to move south in an effort to take Albany before winter. Opposing his advance was an American army under the command of Major General Horatio Gates. Appointed to the position on August 19, Gates inherited an army that was rapidly growing due to the success at Bennington, outrage over the slaying of Jane McCrea by Burgoynes Native Americans, and the arrival of militia units. Gates army also benefited from General George Washingtons earlier decision to send north his best field commander, Major General Benedict Arnold, and Colonel Daniel Morgans rifle corps. Armies Commanders Americans Major General Horatio GatesMajor General Benedict ArnoldColonel Daniel Morgan9,000 growing to 15,000 men British Major General John Burgoyne7,200 declining to 6,600 men Battle of Freemans Farm On September 7, Gates moved north from Stillwater and occupied a strong position atop Bemis Heights, approximately ten miles south of Saratoga. Along the heights, elaborate fortifications were constructed under the eye of engineer Thaddeus Kosciusko which commanded the river and the road to Albany. In the American camp, tensions festered as the relationship between Gates and Arnold soured. Despite this, Arnold was given command of the left wing of the army and the responsibility for preventing the capture of heights to the west which dominated the Bemis position. Crossing the Hudson north of Saratoga between September 13-15, Burgoyne advanced on the Americans. Hampered by American efforts to block the road, heavy woods, and broken terrain, Burgoyne was not in position to attack until September 19. Seeking to take the heights to the west, he devised a three-prong attack. While Baron Riedesel advanced with a mixed British-Hessian force along the river, Burgoyne and Brigadier General James Hamilton would move inland before turning south to attack Bemis Heights. The third column under Brigadier General Simon Fraser would move further inland and work to turn the American left. Arnold and Morgan Attack Aware of British intentions, Arnold lobbied Gates to attack while the British were marching through the woods. Though preferring to sit and wait, Gates finally relented and permitted Arnold to advance Morgans riflemen along with some light infantry. He also stated that if the situation required, Arnold could involve more of his command. Moving forward to an open field on the farm of Loyalist John Freeman, Morgans men soon sighted the lead elements of Hamiltons column. Opening fire, they targeted the British officers before advancing. Driving back the lead company, Morgan was forced to retreat into the woods when Frasers men appeared on his left. With Morgan under pressure, Arnold funneled additional forces into the fight. Through the afternoon intense fighting raged around the farm with Morgans riflemen decimating the British artillery. Sensing an opportunity to crush Burgoyne, Arnold requested additional troops from Gates but was refused and issued orders to fall back. Ignoring these, he continued the fight. Hearing the battle along the river, Riedesel turned inland with most of his command. Appearing on the American right, Riedesels men rescued the situation and opened a heavy fire. Under pressure and with the sun setting, the Americans withdrew back to Bemis Heights. Though a tactical victory, Burgoyne suffered over 600 casualties as opposed to around 300 for the Americans. Consolidating his position, Burgoyne put off further attacks in the hope that Major General Sir Henry Clinton could provide assistance from New York City. While Clinton did raid up the Hudson in early October, he was not able to provide aid. In the American camp, the situation between the commanders reached a crisis when Gates did not mention Arnold in his report to Congress regarding the Freemans Farm battle. Devolving into a shouting match, Gates relieved Arnold and gave his command to Major General Benjamin Lincoln. Though granted a transfer back to Washingtons army, Arnold remained as more and more men arrived in camp. Battle of Bemis Heights Concluding the Clinton was not coming and with his supply situation critical Burgoyne called a council of war. Though Fraser and Riedesel advocated retreat, Burgoyne refused and they agreed instead upon a reconnaissance in force against the American left on October 7. Led by Fraser, this force numbered around 1,500 men and advanced from Freeman Farm to the Barber Wheatfield. Here it encountered Morgan as well as the brigades of Brigadier Generals Enoch Poor and Ebenezer Learned. While Morgan attacked the light infantry on Frasers right, Poor shattered the grenadiers on the left. Hearing the fighting, Arnold dashed from his tent and took de facto command. With his line collapsing, Fraser tried to rally his men but was shot and killed. Beaten, the British fell back to the Balcarres Redoubt at Freemans Farm and Breymanns Redoubt slightly to the northwest. Attacking Balcarres, Arnold was initially repulsed, but worked men around the flank and took it from behind. Organizing an attack on Breymanns, Arnold was shot in the leg. The redoubt subsequently fell to American assaults. In the fighting, Burgoyne lost another 600 men, while American losses were only around 150. Gates remained in camp for the duration of the battle. Aftermath The next evening, Burgoyne began withdrawing north. Halting at Saratoga and with his supplies exhausted, he called a council of war. While his officers favored fighting their way north, Burgoyne ultimately decided to open surrender negotiations with Gates. Though he initially demanded an unconditional surrender, Gates agreed to a treaty of convention whereby Burgoynes men would be taken to Boston as prisoners and permitted to return to England on the condition that they not fight in North America again. On October 17, Burgoyne surrendered his remaining 5,791 men. The turning point of the war, the victory at Saratoga proved key in securing a treaty of alliance with France.

Despite most currencies being convertible why does countertrade Essay

Despite most currencies being convertible why does countertrade persist, illustrate your answer with examples of different types of countertrade - Essay Example Since its manifestation in East-West trade in the midst of 1970, countertrade has increased and widened geographically to the entire world – the number of dealings actually increasing year-by-year. As well as the worldwide development, the formats of countertrade have also stepped forward to have room for the incompatible financial – despite considering this in mind that all currencies is now being convertible – needs and repayment capabilities of selling groups (Francis, Dick, 1987). Therefore, means of payment have incorporated relocations of varied assets with monetary worth for example the deliverances of substantial products (e.g., utensils, goods); services (transport, building); insolvency of lien equipment (debt paper); and equity contributions (Francis, Dick, 1987). The arrangements of countertrade may serve up periodically; readily available currencies, advertising, or public policy are the major objectives of trading parties and their governments. The custom is virtually always influenced by some form of government study or interference, and is ever more a reality of doing business with agencies that are buying when the noteworthy dollar value national procurements are involved (Francis, Dick, 1987). Countertrading is also eminent as a means of financing in global trade. For those underdeveloped or developing nations that have deficiencies of hard currencies or whose national currencies are not exchangeable to other sorts of foreign country exchange, countertrading offers a solid way of financing imports (Paun, Dorothy A, January 1997, 41 50). By selling their import goods to various corporations in developed nations, developing nations also profit by discovering new export marketplaces. Those dealers in developed nations who are ready to countertrade have established that it heighten their businesses. By being flexible in the sort of currency or payment they are going to be given, corporations that

Math Tutoring center Essay Example | Topics and Well Written Essays - 500 words

Math Tutoring center - Essay Example Therefore, a Math Tutoring Center in the university would be a welcome idea. Many American universities have a Math Tutoring Center where students go for further assistance in various units in math. Most of the Math Tutoring Centers work in a walk-in walk-out basis whereby, students do not need to book for appointments. This is a great advantage for students since they can get assistance at the convenience of their own time. For instance, it would be necessary to book an appointment with a lecturer and sometimes the appointment may not materialize. Therefore, the Math Tutoring Center becomes the best alternative for students. This is a good motivation factor to the students especially considering the fact that university professors are hard to find. However much mathematics professors and lecturers would want to assist all students, they are limited by availability of time. Additionally, some students are not open to their lecturers. Therefore, students would feel more comfortable being assisted in a Math Tutoring Center. It is important to note that a Math Tutoring center offers math tutoring in a different set up thereby breaking the class monotony. This makes learning mathematics an interesting and enjoyable endeavor for students. Therefore, students will be motivated to put more efforts in learning especially considering that they will not have to wait for specified time to get assistance. More importantly is the fact that math tutoring centers foster faster learning because the assistance is offered instantly. Math tutoring centers are essential in providing teaching options in mathematics. First, mathematics is taught in a different approach than the one used in class set up. Although this may further confuse some students, the different methodological approach makes it possible for the student to understand the math concepts in different perspective. Secondly, the one to one approach in learning mathematics supported in math