Thursday, November 14, 2019

Witchcraft and the Town of Groton in 1671 Essay -- History Historical

Elizabeth Knapp sat perched on a small three- legged stool in front of a roaring fire in the hall of her family's home as the last late October light faded through the yellowish oilpaper windows. The wind had already picked up a taste of the winter bite that the early Massachusetts Bay colonists had grown to despise, and tonight it whipped down the chimney of the eight foot wide fireplace with a shrill, devilish whistle, causing the shadows projected by the bayberry wax candles to shimmy and waver against the rough hewn rafters. Elizabeth drew her red knit hood tighter down over her head and huddled towards the hearth. Her mother, also named Elizabeth, watched her from farther back in darkness of the hall, where she was mending a pair of breeches. By December, she knew, the wind whipping down the chimney could cause the sap emerging from the burning logs to freeze solid. The temperatures would make many a grown man in town wish to curl up and sleep away the winter until rising temperatures and longer days made Groton, just hewn from the Massachusetts wilderness a few decades ago, hospitable once again. Despite the gathering winter she felt relieved to see that her sixteen- year old daughter, now her only child after the early death of her son James, was acting normal again. For the past fortnight the younger Elizabeth had been carrying herself in a strange manner. While walking along normally she would sometimes cry out. Last week she had shrieked at extremely inappropriate time in Sunday dinner and that day in church she had been overcome with irreverent laughter. She was always quick to offer a reasonable excuse to spare the swift punishment usually dispensed to children at the time, but the extravagance and immodes... ...essen the symptoms. Bearers invariably die 10 to 25 years after the onset. Chorics have been dubbed everything for saints (the Catholic church recognizes four) to witches since the sixteenth century. References: Butler, Caleb. History of the Town of Groton. Boston, 1848. Dow, George F. Everyday life in the Massachussetts Bay Colony, Soc. for Preservation of N.E. Antiques, 1935. Earle, Allice M. Customs and fashions in old New England. Scribner and Son, New York 1893. Greene, Samuel A., Groton in the Witchcraft Times, University Press, Cambridge, MA 1883, 29pp. Greene, Samuel A., ed. Early Records of the Town of Groton 1662- 1707, University Press, Cambridge, MA 1883, 186pp. May, Virginia, Groton Houses. Groton Historical Society, 1978. Okun, Michael S., The history of adult onset Chorea, at www.medinfo.ufl.edu/histmed/okun/slide1.html

Tuesday, November 12, 2019

Flooding in South Africa

Assignment GEO 234 D Sonnekus 2011042526 Flooding In South-Africa A Deeper Insight to What Happens Around Us [pic] Photo: Ivan Sonnekus 2012 Index Page Number 1. Introduction3 2. The Nature Of Flooding3 3. The Main Causes Of Flooding In South-Africa4 4. The Effect Of Development On Flood Hazards in SA5 5. The Effect Of The Economic Status Of People – Regarding Flood Hazards6 6. Conclusion7 7. Bibliography8 1. IntroductionFloods play a major role in our everyday lives, and how we react to the daily changing climate is of course our way of surviving our planetary conditions. Floods determine our building styles and play a very large role in the economy by means of devastating destruction and environmental engineer specialists in terms of flood prevention. The hydrological definition for a flood states that a flood is a rise in water level in a stream to a peak point where after the water level will recede at a slower rate (UNESCO-WMO 1974).  Control Key and Word – Text and Graphics.A flood event can be described as a flow of water in a stream constituting a distinct progressive rise, culminating into a crest, together with the recession that follows the crest (Linsley, 1942). In this Assignment I will be explaining some key features about flooding regarding a South-African point of view. 2. The Nature of Flooding. Floods can be broken down into different classes or divisions between different types of floods in this section I will explain the main flood types and their nature.Floods can be divided between major floods, minor floods and flash floods. Major Floods: In the event of a major flood the flooding is caused by the overflowing of rivers and dams by means of breaks in dikes, levees, dam walls and other protective structures; by uncontrollable releases of impounded water in reservoirs and by the accumulation of excessive runoff. In the case of a major flood the floodwaters will cover a wide spread contiguous area and will spread rapidly to ad joining areas of relatively lower elevations.The flooding will be deep in most parts of the total flooded area and there is a highly perceptible current as the flood spreads to a greater extent. [pic] Minor Floods: In the cause of a minor flood the inundation may or may not be due to overbanking. If there is no bank overflow, flooding happens due to the accumulation of excessive surface run-off in lower lying flat areas. In these cases flooding will mostly be restricted to flood plains along a river channel or low-lying areas or terrain depressions around the direct source of the flood.The flood water will be shallow and there may not be a perceptible flow apparent or present. Flash Floods: Flash floods is as the name states a flood that happens relatively quick, normally no more than 6 hours to a normal flooding time of 12 to 24 hours or longer. Flash floods is the result of a short concentration time of the drainage catchment or a steep river slope, this means that the precipitati on falling on a point in the catchment farthest from the river takes a very short time to reach the river itself and become a part of the stream flow.Thus the amount of flow will rapidly increase and the water level will rise, when the capasity of the river/stream is exceeded the channel overflows and the result is a flash flood. [pic] 3. The Main Causes of Flooding in SA. South Africa was subject to some intense floods over the last couple of years mainly as the result of cloud breaks and very heavy precipitation in very short time periods which leads to flooding of most small streams and rivers, what then leads to the larger rivers to flood.South Africa is also a victim of the Southern Oscillation which leads to El-Nino: dry conditions with high surface pressure and; La-Nina: low air surface pressure accompanied by cold and wet weather. See next page for simple diagram illustration [pic] As a result of the Earth surface temperature to keep on rising due to the greenhouse effect th e results being a more and more drastically changing macro climate which in turn leads to more rain and eventually will lead Earth into another Ice-Age but that is a topic for another day.The heavy rains on a constant basis keeps the rivers and dams full up to their limits so in the event of a heavy cloud break the already full rivers and dams cannot enclose all the extra water and all that water needs to go somewhere thus leading to floods, in most cases in South-Africa the floods will be flash floods. But there is also the chance of major floods in the form of a dam overflowing and then breaking the wall or even minor floods like in the December of 2012 the Ncandu River flowing through Newcastle KZN overreaches its banks and fills the Trim park with water at least 1-2 feet deep as the trim park is adjacent to the rivers. . The Effect of Development on Flood Hazards in SA Right around the world the population keeps growing at an alarming rate as the birth to mortality rate is not b alanced which leads to a world population always wanting and needing to expand city and/or town borders. In this case the chances are very good that eventually there will be building developments inside flood plains or lower laying terrain in the proximity of a dam or large volume of water.Thus the engineers of the modern world in developing countries like for instance South-Africa need to come up with new initiatives to improve building techniques to overcome the obstacle of flooding as the floods can be the cause of havoc among the inhabitants of developments within flood plains or beneath the flood level, and also cause a lot of structural and esthetic damage to a city or town. The MooiRivier Mall in Potchefstroom is a classic example of development within a flood hazard. The mall has been constructed on stilt type of tructures that allows the river to flow through underneath the mall but the engineers along with environmental specialists sought to come up with a few ingenious pl ans to prepare for floods of High hazard (1 in 20 years), medium flood hazards (1in 50 years) and low flood hazard (1 in 100 years) by means of designing a drop away wall where if a certain amount of water flows into a catchment a buoy lifts up and triggers a release on the wall which allows for the brick wall to fall down and allow water to flow into an drainage water way down to the central collection point at the bottom most point of the parking lot back into a stream (the release mechanism works on the same principal as a toilet bowls' float valve). The parking lot has also been designed on a slope (no flat parking) to act as a funnel leading water away from the mall or danger zone and down into a sub stream or channel. The Mall had a few good tests in the last 5 years of its existence and the engineers and environmental specialists did a good job to overcome the developing in a flood hazard obstacle (Jan-Albert Wessels. IAIA North-West, 2012. ) [pic] Picture: (Viljoen, MF. The Application of flood lines in land use controll. 2009) 5. The Effect of The Economic Status of People Regarding Flood Hazards.Flooding can and have caused a lot of damage in the past and will continue to do so as the macro climate will keep changing in favor of floods so all we can to do is to prepare ourselves and adapt to the changes of climate, floods cost the head of states and countries a great deal of money to develop in flood plains as well as being prepared to deal with any floods and the cleaning up there after. But it is not just the people on top that lose money, the people who actually live in the house that gets swept away or drive the car that rolls over or submerges, it is them that lead the most damage to their financial stance in life and 80% of the time it will be people from informal settlements or rural areas that lead the damage as they do not follow proper procedure to build their houses and then they build in areas of a high flood risk without them even knowin g.Thus the counties management somehow needs to get it under control as they have tried to do the in the past and actually still trying to do with regard to the housing subsidiary they offer to people of South-Africa. 6. Conclusion My conclusion regarding floods in South-Africa is that our main floods are flash floods that happen as result of heavy rains from the La-Nina time period of the Southern Oscillation, we as the people of our country need to stand together to make a difference in preventing people to build in dangerous high flood risk areas and also need to convince the children of today in developing countries to come up with fresh and new ideas to overcome development issues in flood risk areas. A countries economic development also greatly depends on its readiness for fighting disaster situations and keeping a disaster under control.A country like South-Africa can suffer great losses financially as result of floods that could have been prevented by means of making use of the right infrastructure on the key areas in developed areas as well as developing areas. Flooding is a natural occurrence and will never be fully under control but the minds of today can shape the ideas of tomorrow with that I leave my mark on the topic of flooding in South-Africa. [pic] 7. Bibliography †¢ Anonymous. 2012. Causes and types of floods. [Web: http://kidlat. pagasa. dost. gov. ph/genmet/floods/cause_types. html]. [Accessed: 14 March 2013] †¢ Department: provincial and local Government. 2009. National Disaster management centre. Flood awareness. PDF 5p. [Accessed: 15 March 2013] †¢ Anonymous. 2011.La Nina Influenced Flooding in South Africa. AccuWeather. [web: http://www. accuweather. com/en/weather-news/la-nina-influenced-flooding-in/44853]. [Accessed: 13 March 2013] †¢ SAPA. 2013. Floods Cause havoc across South Africa. Mail ; Guardian, Africa's best read. [web: http://mg. co. za/article/2013-01-20-floods-cause-havoc-across-south-africa]. [Accesse d: 15 March 2013] †¢ Anonymous. 2013. Definition and nature of flood. [web: http://kidlat. pagasa. dost. gov. ph/genmet/floods/def_nature. html]. [Accessed: 15 March 2013] †¢ SSC. 2011. The nature of flooding. Sunshine coast council, Queensland. [web: http://www. sunshinecoast. qld. gov. au/sitePage. cfm? code=flooding-nature]. Accessed: 13 March 2013] †¢ Department: Provincial and Local Government, Prof Viljoen. MF, Swiegers. C. 2009. The application of flood lines in land use control. Disaster reduction conference. [web: http://conferences. ufs. ac. za/dl/userfiles/Documents/00000/134_eng. pdf]. [Accessed: 14 March 2013] †¢ Times Live. (2011, February 2). [web: Urgent flood warning along Orange River. ] [Accessed February 14, 2011]. †¢ United Nations Integrated Regional Information Networks. (2011, February 10). Southern Africa: Risk of food insecurity in wake of floods. IRIN News. [Accessed February 14, 2011. ] †¢ Anonymous. 2011. Floods in South Afr ica. Earth Observatory, NASA. [web: Flooding in South Africa FLOODING IN SOUTH AFRICA INTRODUCTION The aim of this assignment is to give background information about flooding in South Africa. These would be carried out through the means of research on journal entries, web research and different literatures. The nature of flooding, the main causes of flooding, the effect of development of flooding hazards and the effect of the economic status of people regarding flooding hazards will be taken into consideration. Definition of key terms Flooding An overflow of water onto normally dry land.The inundation of a normally dry area caused by rising water in an existing waterway, such as a river, stream, or drainage ditch. Pounding of water at or near the point where the rain fell. Flooding is a longer term event than flash flooding: it may last days or weeks (MRX webmaster, 2010). Flash flooding Flooding whereby it takes a very short period of time to form. In most cases flash floods few form and take place Nature of floods There are few places on Ear th where people need not be concerned about flooding due to their location.Rain is not the only impetus for flood even a broken dam wall can be the stimuli of a flood. A flood occurs when water overflows or inundates land that's normally dry. This can happen in a multitude of ways. Most common floods are when rivers or streams overflow their banks. Excessive rain, a ruptured dam or levee, rapid ice melting in the mountains, or even an unfortunately placed beaver dam can overwhelm a river and send it spreading over the adjacent land, called a floodplain. Coastal flooding occurs when a large storm or tsunami causes the sea to surge inland (National Geographic Society, 2011).Most floods take hours or days to develop, giving residents enough time to prepare or evacuate. Others happen quickly and with little warning. These flash floods can be extremely dangerous and cause major damage to the landscape and the habitants of such an area. Disaster specialists have various ways of classifyin g floods according to their likelihood of occurring and the intensity of the flood. A hundred-year flood, for example, is an extremely large, destructive event that would theoretically be expected to happen only once every century.But this is a theoretical number. In reality, this classification means there is a one-percent chance that such a flood could happen in any given year. Over recent decades, possibly due to global climate change, hundred-year floods have been occurring worldwide with frightening regularity (National Geographic Society, 2011) MAIN CAUSES OF FLOODING IN SOUTH AFRICA South Africa has been experiencing above average rainfall since December 2010 that has caused devastation on a scale the country has not seen in many years .This unusual weather pattern is caused by the La Nina effect, and the resulting floods have caused unprecedented disruption of services, displacement of people, loss of livelihoods and even worse, loss of life . it is reported that over 20, 00 0 people have been affected by floods and an estimated 40 people have died. A national state of disaster has been declared in 28 district municipalities in 7 provinces, with more affected areas being reported THE EFFECT OF DEVELOPMENT ON FLOOD HAZARDS IN SOUTH AFRICA. Floods caused havoc across South Africa .Heavy rain in a short period of time in the part of South Africa, caused more than hundreds of people to be homeless by heavy flooding. Floods caused many to seek refuge on rooftops and on trees. This catastrophe killed more than hundreds of people causing the death toll to rise. Recently these floods caused evacuation of the Kruger National, a game reserve in Northern South Africa. Floods also covered some farmlands and crops were killed as a result forcing farms to close. Most of the roads, dams and large buildings were damaged. Due to flooding some mines were forced to close, this the case of a coal mines in Limpopo. THE EFFECT OF THE ECONOMIC STATUS OF PEOPLE REGARDING FLOOD HAZARDS. Floods frequently causes major infrastructure damage of roads, railway lines, electricity supply systems, water supply and sewage disposal systems. Bribges over rivers are particularly exposed to damage and disruption of transportation systems follows. The economic effects of flooding are often greater than the flood itself. (Parker 2000) According to Parker (2000) because floods frequently destroy crops and livestock, food shortages are not uncommon in the aftermath.Floods may affect food availability in a number of ways. Food stocks may be damaged if storage areas are flooded. Serious flooding usually disrupts transportation of food deficit areas, particularly in towns, which are cut off from supply sources and have inadequate food stock. Impacts of flooding may hinder the economic growth and development that is the high cost of relief and recovery may adversely impact investment in infrastructure and other development activities in the area and in certain cases may crip ple the frail economy of the of the region.Recurrent flooding in a region may discourage long-term investments by the government and private sector alike. Lack of livehoods, combined with migration of skilled labour and inflation may have a negative impact on a region’s economic growth. Loss of resource can lead to high costs of goods and services, delaying its development programmes. (Drep operation international federation of Red Cross and crescent societies). Figure 2 three kid were during floods in Limpopo CONCLUSIONAs discussed under various perspectives, it is clear from the assignment that floods had adverse impact on the socio-economic status of livehoods for people in South Africa more especially the residents of Limpopo. It is also evident that there are varying underlying causes of floods i South Africa. Places near the flood event are the most susceptible to the dangers of the floods. Proximity of these places and poverty were identified as being the main cause of vulnerability of people REFERENCES Drep Operation International Federation of Red Cross and Red Crescent Society, 1.February. 2011. MRX webmaster, 2010. National Weather Services. [Online] Available at: http://www. srh. noaa. gov/mrx/hydro/flooddef. php [Accessed 13 March 2013]. National Geographic Society, 2011. Natural Disasters: floods profile. [Online] Available at: http://environment. nationalgeographic. com/environment/natural-disasters/floods-profile/ [Accessed 12 March 2013]. Parker, J. D2000. floods. Tangler and Francis, National Academy Press, Asian Disaster Preparedness Centre, Thailand. SAPA. 2013. Floods causes havoc across South Africa, Mail and Guardian, 20 January 2013.

Sunday, November 10, 2019

Basic Accounting Assignment Essay

Generally Accepted   Principles, Balance sheet, Accounts receivable, Income statement, Debt, Liability, Double-entry bookkeeping system, Accounts payable 1- Explain the collecting, recording, classifying, summarizing, analyzing and reporting process of accounting. – Collecting:- Data obtained from various sources with the help of appropriate measures is called collection of data. – Recording:- Arranging the data into its chronological form is called recording of data. – Classifying:- Division of data according to nature of events is called classification of data. – Ledger is used for classifying transactions – Posting is the process of transferring transactions from journal to ledger. Summarizing:- This involves presenting the classified data in a manner which is understandable and useful to the management and other interested parties. Follow statements are prepared:- – Income statement – Balance Sheet – Cash flow statement – Analyzing:- The comparison of data in a business is called analyzing of data. For example, analyzing of present data with past data, or actual data w ith projected data. – Reporting:- Forwarding the results to financial users like chairman, directors, managers etc. is called reporting of data. – Discuss in detail the nature of accounts i. e. assets, expenses, liabilities, revenues and capital by giving examples. – Assets:- The resources of a business are called assets. They are of two types:- – Fixed Assets: Land, Building, Equipment, Vehicle etc. – Current Assets: Cash, cash at bank, A/c receivable, debtors, prepaid expenses. – Expenses:- The amount spent in a business with a view to gain profit in the future is called expense. Examples are rent expenses, salaries expenses, advertisement expenses etc. – Liabilities:- The financial responsibilities of the business for which it is liable are called liabilities. They are divided into two types:- – Fixed Liabilities (Bank Loan, Bonds Payable, Mortgage Payable. ) – Current Liabilities (Notes Payable, Unearned Income, Creditors. ) – Capital:- The amount of money invested by the owner in the business is called capital. – Revenue:- The incomes and the profits earned in the business through selling are called revenues. For example, Sales, Service revenue, Interest, commission earned. – Drawings:- The amount of money taken away by the proprietor for personal benefits is called Drawings. 3- Describe the accounting rule of debit and credit for accounts like assets, expenses, liabilities, revenues and capital. – Assets – Increase in Asset is debit. – Decrease in Asset is credit. – Liabilities – Increase in liabilities is credit. – Decrease in liabilities is debit. – Revenues – Increase in revenues is credit. – Decrease in revenues is debit. – Expenses – Increase in expense is debit. – Decrease in expense is credit. – Capital – Increase in capital is credit. – Decrease in capital is debit. – Select any twenty categories from the above and identify a transaction that will have the required effect on the business. 1- Purchased Goods on credit 25,000. 2- Gave services for cash 5,000. 3- Brought cash in business 65,000. 4- Adjusting entry of out standing salaries 9000. 5- Wa ges wrongly debited to Sales 400. 6- Salaries wrongly debited to Drawings 600. 7- Paid to accounts payable in cash 1500. 8- Goods returned by customer worth 650. 9- Withdrew cash for personal use 550

Thursday, November 7, 2019

The Suez Canal essays

The Suez Canal essays Throughout the course of history, there was always an interest for a waterway that connected the Mediterranean and Red Seas. The idea remained up in the air until a man by the name of Ferdinand De Lesseps took control and set it into action. Lesseps was a man who desired progress. He proved to be a powerful regulator and did not stop for anything that got in his way. His yearn for the Suez project was a direct result of his inadequate life style. At the age of forty, he was unemployed, had no salary, and left with a small sum of money from his family. Lesseps searched for a way to become famous and rich at the same time by devising a plan that took place in Egypt. He recognized that ships traveling to Europe from Southern Asia (vice versa) had to circumnavigate around Africa, which was unnecessary. His goal then, was to connect the two seas, and two worlds. In addition to this, within the space of a few years, Lesseps had lost a career, a wife, and a child. He was left with two sons, a farm in central France, and a caring set of in-laws. He had a loving relationship with his family until this drastic event took place. While Lesseps was at a pivotal point in life, he decided to devote himself completely to the creation of the Suez Canal. Yet, one question remained; if Lesseps life had not wound into a downhill spiral, would he still have encompassed the intense determination illustrated in the novel? A man, who was unemployed, simply could not start a revolutionary one-hundred mile canal by himself. In need of much help, Lesseps turned to the Egyptian government for support. Although, there was question as to how Lesseps, a Frenchman, could even dream to acquire help from a different country to satisfy his vision. The answer lay in the hands of ruler Muhammad Alis son, Said, and his insatiable desire for eating. Members of Muhammads court carefully monitored Saids food intake...

Tuesday, November 5, 2019

Details of James Deans Death in a Car Accident

Details of James Dean's Death in a Car Accident In September 1955, actor James Dean was driving his brand-new Porsche 550 Spyder to an auto rally in Salinas, California, when he was involved in a head-on collision with a 1950 Ford Tudor. James Dean, only 24 years old, died in the crash. Although already famous for his role in East of Eden, his death and the release of Rebel Without a Cause caused James Dean to soar to cult status. James Dean, forever frozen as the talented, misunderstood, rebellious youth remains the symbol of teenage angst. Who Was James Dean? John Kobal Foundation/Contributor/Getty Images James Dean had appeared in a number of television shows before getting his big break in 1954 when he was chosen to play Cal Trask, the leading male role in the film East of Eden (1955). This was the only one of Deans films released before his death. Quickly following East of Eden, James Dean was signed to play Jim Stark in Rebel Without a Cause (1955), the film for which Dean is best remembered. Immediately following the filming for Rebel Without a Cause, Dean played the lead role in Giant (1956). Both of these films were released after Deans death. James Dean Raced Cars As Deans movie career began to take off, James Dean also started to race cars. In March 1955 Dean raced in the Palm Springs Road Races, and in May of that year he raced in the Minter Field Bakersfield race and the Santa Barbara Road Races. James Dean liked to go fast. In September 1955 Dean replaced his white Porsche 356 Super Speedster with a new, silver Porsche 550 Spyder. Bettmann/Contributor/Getty Images Dean had the car specialized by having the number 130 painted on both the front and back. Also painted on the back of the car was Little Bastard, Deans nickname given to him by friend Bill Hickman, who was Deans dialogue coach for Giant. The Accident On September 30, 1955, James Dean was driving his new Porsche 550 Spyder to an auto rally in Salinas, California, when the fatal accident occurred. Originally planning to tow the Porsche to the rally, Dean changed his mind at the last minute and decided to drive the Porsche instead. Dean and Rolf Wuetherich, Deans mechanic, rode in the Porsche. Following were photographer Sanford Roth and Bill Hickman, driving a Ford station wagon that had a trailer for the Spyder attached. En route to Salinas, Dean was pulled over by police officers near Bakersfield for speeding around 3:30 p.m. After being stopped, Dean and Wuetherich continued on their way. Two hours later, around 5:30 p.m., they were driving westbound on Highway 466 (now called State Route 46), when a 1950 Ford Tudor pulled out in front of them. 23-year-old Donald Turnupseed, the driver of the Ford Tudor, had been traveling east on Highway 466 and was attempting to make a left turn onto Highway 41. Unfortunately, Turnupseed had already started to make his turn before he saw the Porsche traveling quickly toward him. Without time to turn, the two cars smashed nearly head-on. The injuries among the three involved in the crash varied greatly. Turnupseed only received minor injuries from the accident. Rolf Wuetherich, the passenger in the Porsche, was lucky to be thrown from the Porsche. Although he suffered serious head injuries and a broken leg, he survived the crash. Dean, however, was killed in the accident. Dean was just 24 years old at the time of the wreck. Posthumous Academy Awards To this day, James Dean is the only person to receive two Academy Award nominations posthumously. In 1956, he was nominated posthumously for Best Leading Actor for his role in East of Eden. This was a historic first. In 1957, Dean was again posthumously nominated for Best Leading Actor, this time for his role in Giant. What Happened to Deans Smashed Car? Many Dean fans wonder what happened to the smashed Porsche. After the accident, the crumpled car was toured around the United States as part of a driver safety presentation. However, en route between two stops, the car disappeared. In 2005, Volo Auto Museum in Volo, Illinois, offered $1 million to anyone who currently had the car. So far, the car has not resurfaced.

Sunday, November 3, 2019

Corporate Strategy Master Assignment Example | Topics and Well Written Essays - 2000 words

Corporate Strategy Master - Assignment Example By July 2008 as a consequence, major banks and other financial institutions around the world had reported losses reaching $435 billion. The problem on sub-prime mortgages was exacerbated by the steady depreciation of the US dollar, whose value against the euro, for example, crossed the $1.48 threshold in November 2007 to settle at $1.50 (Phillips, 2007). While the US Federal Reserve showed no intention of intervening to strengthen the dollar, banks stopped issuing covered bonds and the London Interbank Offered Rate (Libor) hit a premium for treasury bills not seen since the dark days of the first oil crisis in 1987. The continued weakening of the US currency gave banks and financial institutions little incentive to sell dollars, completing the scenario for rising global inflation. Such a climate of uncertainty in the global economy, specifically in the banking sector, serves as backdrop for this paper as it examines the corporate strategies by which HSBC Holdings plc, one of the worl d's largest banking and financial services organisations, can emerge a winner through the use of appropriate models and tools of analysis. HSBC Holdings plc is the mother company of a wide array of banks and financial institutions that include the HSBC plc in UK; the Hong Kong Shanghai Banking Corp. Ltd. and Hang Seng Bank Ltd. in Hong Kong; HSBC Finance in France; the Household International and HSBC Bank USA NA in the US; HSBC Bank in Brazil; Grupo Financiero HSBC in Mexico; and the HSBC Private Banking Holding (Suisse) SA in UK, Hong Kong, Switzerland, Monaco, Luxembourg, Singapore and Channel Islands. The Group's corporate strategy finds expression in the marketing pitch attached to its logo that proclaims HSBC as "the world's local bank." This campaign to differentiate the HSBC brand was launched in 1999 and started to guide all banking operations in 2005. The strategy projects HSBC as a financing institution with an international pedigree and world-class expertise, which sophistication is nonetheless used for the full benefit of the smallest local clients and their communities. In effect, the HSBC based its strat egy not only on product leadership and operational excellence but also on customer intimacy, the three value disciplines that drive corporate strategy (Green, 2003). That sort of makes the Group a high-street bank that serves low-end clients as a matter of preference. The banking clientele composed of ordinary people is a market segment usually identified in an RFM analysis to formulate a firm's corporate strategy. RFM stands for recency, frequency and monetary value and is often conducted to analyse customer behaviours and define market segments. In essence, RFM analysis asks how recent and frequent are the transactions done for a particular

Thursday, October 31, 2019

Essay Question 3 Example | Topics and Well Written Essays - 250 words

Question 3 - Essay Example chists obtain power through it because they can control the public by ensuring that equality on some commodities and activities are championed (Spaaij, 2010). In the second principle, anarchism employs proactive approaches, where they assume that not everyone in society has the ability to get access to the free services offered. Therefore, it is upon those who have to make sure that they share with those who do not have. While people may confuse anarchism and terrorism as being one thing, they are completely two different forms of leadership. Even though both of them employ oppression theories, anarchism tends t o champion for equality and protecting human rights where possible (Fleming, 2000). On the other hand, terrorism, which is motivated by extreme radicalization of religious ideologies, has little thought of what human rights are. They believe dying is the only way through which people can protect the Islamic religion and have an external peace. However, anarchism has varying schools of thought, where individualist anarchism and anarcho-capitalism believe that all natural resources should be privatized. The same case is common in the Middle East countries, where people are allowed to own oil wells, while those who are not lucky are either poor or into other businesses. The other school of thought, which involves libertarian socialism and geoanarchism believe that natural resources should remai n public so that every person benefits from the revenue. Terrorist organizations identified with anarchism include Anarchist Black Cross, Autonomous Action, Foot Not Bombs, and International of Anarchist Federations among others (Book chin, 2005). Most terror groups seem to use anarchism, with the thought that by owning natural resources, especially oil, uranium, and other weaponry mineral will make them superpower militia groups and would control every activity in its boundaries. However, a good thought on anarchism makes it different from what terror groups carry