Icarus Essays - Greek Mythology, Icarus, Daedalus, Bird Flight

Icarus Miller ...Daedalus, hating Crete and his long exile, and longing to see his native land, was shut in by the sea. Though he may block escape by land and water, he said, yet the sky is open, and by that way I will go. Though Minos rules over all, he does not rule the air. So saying, he sets his mind at work upon unknown arts, and changes the laws of nature. For he lays feathers in order, beginning at the smallest, short next to long, so you would think they had grown on a slope. Just so the old-fashioned rustic pan-pipes with their unequal reeds rise one above another.Then he fastened the feathers together with twine and wax at the middle and bottom; and, thus arranged, he bent them with a gentle curve, so that they looked like real birds' wings. His son, Icarus, was standing by and, little knowing that he was handling his own peril, with gleeful face would now catch at the feathers which some passing breeze had blown about, now mold the yellow wax with his thumb, and by his sport would hinder his father's wonderful task. When now the finishing touches had been put upon the work, the master workman himself balanced his body on two wings and hung poised on the beaten air. He taught his son also and said: I warn you, Icarus, to fly in a middle course, lest, if you go too low, the water may weight your wings; if you go too high, the fire may burn them. Fly between the two. And I bid you not to shape your course like Bootes or Helice or the drawn sword of Orion, but fly where I shall lead. At the same time he tells him the rules of flight and fits the strange wings on his boy's shoulders. While he works and talks the old man's cheeks are wet with tears, and his fatherly hands tremble. He kisses his son, which he was destined neve r again to do, and rising on his wings, he flew on ahead, fearing for his companion, just like a bird which has led forth her fledglings from the high nest into the unsubstantial air. He encourages the boy to follow, instructs him in the fatal art of flight, himself flapping his wings and looking back on his son. Now some fisherman spies them, angling for fish with his flexible rod, or a shepherd, leaning upon his crook, or a plowman, on his plow-handles--spies them and stands stupefied, and believes them to be gods that they could fly through the air. And now Juno's sacred Samos had been passed on the left, and Delos and Paros; Lebinthos was on the right and Calymne, rich in honey, when the boy began to rejoice in his bold flight and, deserting his leader, led by a desire for the open sky, directed his course to a greater height. The scorching rays of the nearer sun softened the fragrant wax which held his wings. The wax melted; his arms were bare as he beat them up and down, but, lacking wings, they took no hold on the air. His lips, calling to the last upon his father's name, were drowned in the dark blue sea, which took its name from him. But the unhappy father, now no longer father, called: Icarus, Icarus, where are you? In what place shall I seek you? Icarus, he called again; and then he spied the wings floating on the deep, and cursed his skill. He buried the boy in a tomb, and the land was called for the buried boy. Mythology Essays

online dating essays

online dating essays Email is an easier way to meet people because there is less stress placed on an encounter. A person can say what they want, how they want, and not have to worry about it being taken the wrong way. A person can also send a picture after they have started talking. Communication is the most important aspect in any relationship. Cyber communication is just an innovative form of beginning a relationship. In Ed Bolands article, In Modern E-Mail Romances Trash is Just a Click Away, Sherry Amatenstein states that email has changed every aspect of dating. The article states that the new technology used in dating has both positive and negative consequences. The use of email correspondence in dating has only improved the chances of finding love. However, keeping love may find new challenges and obstacles that lie within the realm of online dating. A mother of two divorced a number of years ago and not more than a year after she found herself hopelessly in love with a new man. They shared everything together and could have gotten married except for a few unmentionable details. Needless to say that after a fourteen year marriage and then a five year relationship, this woman felt alone and panic stricken that she would be alone for the rest of her life. Months passed and she did what she could to date; a guy from a bar here, or an employee from the company next door there. She felt out of luck and consumed by her inability to find a companion. After another unsuccessful date a friend of hers suggested an online dating service, something completely foreign and quit frightening for her. She stressed about everything from the questions she would be asked to the picture they would take of her. She did not want to sound too needy for a boyfriend in her answers and she also wanted to look physically appealing to onlookers in her photo. She was paranoid that this would lead to yet another failure. ...

Delbert Mann and the development of television Essay

Delbert Mann and the development of television - Essay Example Delbert Mann is one of the people who helped shaped the roots of television, which was once a high-brow medium. Though born in Lawrence, Kansas in 1920, Mann grew up in Nashville, where his father taught at Scarritt College (Harwell). He got his first exposure to theater in Hume-Fogg High School and participated largely in the productions of the school's drama club (Gelman). Mann went on to study political science in Vanderbilt University, where he met his future wife. Mann was also actively involved in the Nashville Community Playhouse, where he worked closely with Fred Coe, the man who was to influence his career as a television director later on. During World War II, Mann was drafted in the U.S. Air Force and was assigned to missions in Europe. While in Europe, he immersed himself in the theater scene of London and watched as much theater as he can. His solid commitment to pursue directing in theater, however, only solidified when a man named Rupert Burns, also a pilot in the Air Force, died right after he spoke with Mann about becoming a poet after the war. Mann relayed in the interview with Gelman that the incident convinced him that life is short and that he ought to do what he wanted to do with it. After the war, Mann pursued an M.F.A. at Yale Drama School. ... It was with these television anthologies that Mann became most identified (Gibberman). Mann is also the director who helmed the first ever domestic situation comedy Mary Kay and Johnny (1949), and Marty, the first television drama ever to receive major press coverage and the most popular anthology of its time (Gibberman). There are quite a few things notable about Delbert Mann and his works in television. These are: 1) that Mann is very much one of the proponents of the live television telecast; 2) that Mann mainly drew the material that he used for his programs from historic and classical sources and that he is an expert in bringing out and highlighting small personal stories against the backdrop provided by overall history and events around which these small stories revolve; 3) that Mann's career was largely shaped and influenced by his association with Fred Coe; and 4) that Mann himself holds so much passion for his work, a passion that drove him to strive for excellence in his productions. Delbert Mann can be said to be one of the proponents of the live television telecast, but that is perhaps because the technology available to the television industry then called for nothing else but live telecasts. The tape was not yet invented then, so every episode of the early television anthologies and dramas that he directed were all done live. But this perhaps did not prove to be difficult for Mann, as all his cast and crew had extensive background in the theater, and early studio for television is somehow parallel to the atmosphere of the theater. Mann himself had broad experience with the theater, given his early exposure with that medium, his M.F.A. degree from the Yale Drama School and that

History of Botswana Essay Example | Topics and Well Written Essays - 1250 words

History of Botswana - Essay Example There was a high expectation that the northern region of what was to become the Republic of Botswana was under the British colonies that was protecting it. They were located in the north of the Molopo River and their intention was to merge the protectorate with the south of the region. The southern part of that region was under the colony of Cape. The British controlled the area called Bechuanaland after a request to put it under its protection was influenced by the then tribal leader, Khama III. Khama traveled to the United Kingdom to request the British to put their land under the protection of the crown so that it was not disturbed by their hostile neighbors. To but their land under their protectorate, the colonial secretary requested that it allows the British to construct railway line across their land that later came to be an economic opportunity to their land as it had opened them up to trade. In the early twentieth century, particularly 1910, the Cape politicians wanted to jo in the Bechuanaland and this was influenced by the Union of South Africa, but it would later become a challenge to join the state. Before the Cape politicians could join the Bechuanaland, there was to be a signed agreement between the rulers of Bechuanaland and the British. The grandson of Khama III by the name of Seretse Khama went to the United Kingdom to study at the Oxford University. At that time, their neighbors, South Africa, had introduced apartheid laws that restricted the intermarriage and other fundamental rights between different races.

Creation Myths of Religion Research Paper Example | Topics and Well Written Essays - 1250 words - 1

Creation Myths of Religion - Research Paper Example For example, big bang theory succeeded partially in explaining the evolution of universe. But it failed to give an accurate account about the creation of matter in this universe. It says that hydrogen clouds and dust particles were there earlier which transformed in to this universe after lot of expansions, contractions and explosions. Religions on the other hand have better explanations about the origin of this universe. Religions believe in the superpower of God and they have no doubt in assuming that God has created this universe. However, different religions believe in different Gods. Moreover, religions have different opinions about the methods adopted by the God for the creation of this universe. This paper analyses religious views about the creation of this universe. Christians believe that God created the universe and the entire things in the universe including living and nonliving things. They believe that God has three different forms; father, Son and the Holy Spirit. Even though Father created the entire universe, Son got the authority to look after the people in this universe. In Genesis first and second chapters of Holy Bible, the creation incidents were mentioned. According to the information available in these chapters, God created this universe and the whole things available in this universe. Initially the earth was shapeless; however, God gave shape to this universe with the creation of water and other land objects. The darkness of this universe was removed by God with the creation of light. â€Å"God said, "Let there be light". And there was light. God divided the day from the night, naming them day and night. This was the first day and God saw that it was good† (Creation Stories).The creation continued till the seventh day. On the second day God created heavens which separate water from earth. Same way God created dry land, plants, animals and other living things in the following

Computerised Hotel Maintenance Systems

Computerised Hotel Maintenance Systems I intend to develop a computerised Hotel maintenance system for Global Grange Hotel. The proposed system would help to organise manage the Maintenance department in an efficient manner in order to minimize the drawbacks of the current system. The main entities that I have taken into account are the ordering up to date stock, up to date problem solves, History of problems and suppliers. The new system will enhance the Hotel ability to provide more efficient services for their day to day work. This consumes a vast amount of time and still there is a question of accuracy. Suppliers who send the parts and maintenance components are not computerized therefore it is very difficult to order and problems record or to update a certain record. Backup data involves an enormous amount of paper work, which in turn results in inefficiency. I have chosen a well-known hotel as our Global Grange Hotel. I visited the Grange hotel several times in order to gain a through understanding on how it managed and how work is being carried out within the current maintenance system. A huge amount work is done manually. In this hotel have a problem with storage space according to maintenance department has to verify a special area to maintain their backup and other data. Including more paper works and documents such as agreements, purchase orders etc. This is very inconvenient for the management of the hotel maintenance department. In the system that i developed there will be no manual transactions. Every single detail is computerized. Therefore it would be a highly efficient, well maintained and the operations would be fast and reliable. It would minimize all the drawbacks of the current semi computerized system. There are many details that we should be concerned with when we develop a computerized system, such as the amount of computers and peripheral equipment needed for the new system, the employees who need to be trained to work within a computerized environment and all other traits needed to manipulate an organization to give out its best. INVESTIGATE PHASE The investigation phase is also known as the fact-finding stage or the analysis of the current system. This is a detailed study conducted with the purpose of wanting to fully understand the existing system and to identify the basic information requirements. In my investigation, analyse of the current system, fully understand the existing manual system and basic information requirements. Investigate the current system Ill visit to the grange hotel and Speak to head of maintenance, maintenance staff, people who order spare parts and ask what they required. HOW IT WORKS For the maintenance management system, following key elements must be included. In Stock management maintenance staff needs to know up to date stock, suppliers details, add suppliers, update schedules and problem history. In this situation, proposing a hotel management system include more option namely, stock management, suppliers, update etc. Figure1: Sample user interface (http://www.top4download.com/service-master/screenshot-mkbeikbu.html) A thorough investigation was done in every effected aspect when determining whether the purposed system is feasible enough to be implemented. I found main problems in the global grange hotel and I describe in below. Problem Status Currently hotel maintenance staffs are doing in manually. Normally they put a docket with the description of the problem and maintenance department has to check every time what are the problem need to be attended and resolved. Once the maintenance personal completed a relevant job, he will be informed to the department which raised the problem. Stock Management In the maintenance department have to check their stock every week and order them self. Some times they fail to find the part or the supplier who sell the product. Update schedule Update schedule is the other problem for maintenance. They have to archive some tasks. Some are every month and some are yearly. Most of the time they forget to do those goals. Problem history Mostly in head of maintenance wants to know the problem history. Eg: Room 111 had an Air condition problem. They have to verify the history of each unit was. Then maintenance can do the proper solution for that. The Global Grange hotel maintenance system is currently handling their daily operations manually. There is a high rate of bureaucracy within the organization. The hotel is presently handling the maintenance records manually therefore the problems currently faced by the hotel are as follows à ¢Ã¢â€š ¬Ã‚ ¢ The amount of paperback involved is high. à ¢Ã¢â€š ¬Ã‚ ¢ The turnaround time for obtaining information to make decisions is highly time consuming. à ¢Ã¢â€š ¬Ã‚ ¢ Lack of efficiency. à ¢Ã¢â€š ¬Ã‚ ¢ Error rate is high in a manually functioning organization. à ¢Ã¢â€š ¬Ã‚ ¢ The tendency to lose important documents is high. à ¢Ã¢â€š ¬Ã‚ ¢ No backup data in a manual system, even if the organization keeps backup data records there will be a problem of space and data redundancy. 1.1.1.4 SYSTEM HISTORY In my research i found history of hotel maintenance systems which using for maintaining their current systems. Including key elements and basics functions. What is the CMMS? Computerized Maintenance Management Systems (CMMS) are software packages designed to help you manage the maintenance of your facilities, buildings, and assets, which includes equipment. With this software, you collect information including workforce, tasks, time, and costs in a central database, and use that data to improve your daily and long-term maintenance operations. Facilities using CMMS system include: manufacturing plants hospitals schools and universities federal, state and local governments hotels real estate organizations retirement communities How Is Functionality Provided? Software is designed to be flexible. You need to be able to use a CMMS with the right functionality to meet your specific needs. With its basic features, options, and customizations, gives you the functionality that makes the most sense for your organization. The Basics Maintenance Management software includes basic functionality such as: automating work orders scheduling preventive maintenance controlling parts inventories creating purchase orders easily accessing needed reports Contract management, simplified work orders, and easy admin options for web requests and handhelds are also included. Many customers also use specific features for setting automatic alerts, and viewing maintenance histories. Its also simple to memorize and recall standard tasks, and manage warranties, suppliers, and vendors. (http://blog.mintek.com/Enterprise_Asset_Management/?Tag , www.insight-jo.com/index_files/Page1255.htm ) 1.1.1.5 Technology Normally for Hotel Maintenance system they use web applications and desk top applications. Developing these kind of systems front ends mostly they use web pages from html, xml and for the desk top application using visual basics, visual basics.net etc. For the back ends them using sql, my sql, oracle and access database. Technology for the maintenance management system, we have to use small network with the server and two three work stations. Install to the main server and workstations for the users. System database working with the server and its update every time. Using Visual basic.net for the inventory system, we can apply for system user interfaces. Also can create login, administrator and for the users. From this software can develop forms according to our system and its easy to use for the users. For the system back ends normally they use sql, my sql and ms access. If we use these software to back end, need to create our database according to requirements. Visual Basic (VB) is a programming environment from Microsoft in which a programmer uses a graphical user interface (GUI) to choose and modify preselected sections of code written in the BASIC programming language (http://searchwindevelopment.techtarget.com/definition/Visual-Basic) Microsoft Access is the database application from the Microsoft Office Suite of applications. It is a powerful personal database and data manipulation tool that is also widely used in many small businesses ( http://www.xcent.com/Glossary/Microsoft_Access) Conclusion Upon developing the proposed fully computerised maintenance system for Global Grange Hotel allows its maintenance personals to obtained the daily work scheduled which includes the fault and routine tasks, Maintenance supervisors and all relevant departments who log faults to track the status of faults and provide feedback or to escalate. Also Hotel management to monitor the ongoing maintenance issues and importantly the finance department can see the purchase requested and states of relevant payments to different suppliers. This will provide effective, reliable, efficient maintenance system which solved current ineffective, inefficient, highly time consuming, and complex procedures. Also implementing this system will dramatically reduce the usage of the paper work will give an opportunity to a step forward, towards Global Grange Hotels eco-friendly pledge.

Whaling in US compared to Japan Essay -- social issues

Whaling in US compared to Japan Did you know that in the last 50 years over two million whales have been killed? The United States views whaling very differently than Japan does. It is a complicated and controversial topic. Many people have opinions about whale hunting. However, everyone should know both sides of the whale hunting issues before they act on the issue. To start out I am going to tell you a little about whaling. The first whale hunters were in the prehistoric times. At first they would just kill and eat beached whales. That became such a habit that they started hunting them. Most whale hunters use harpoons, guns, lances, or bombs that blow up inside the whale. They use catcher boats, or kayaks. In 1925, whalers developed factory ships that could hold 12 catcher boats and a crew of about 400. These ships had radar under the boat that could detect where the whales were. These boats are what made it so easy to hunt whales. In 1931, the International Whaling Convention began. The major whaling countries formed the IWC to protect whales from being over hunted and to regulate the whaling industries. The main duty of the IWC is to keep under review and revise the measures laid down in the Schedule to Convention, which governs the conduct of whaling throughout the world. These measures provide for the protection of certain species; designate specified areas as whale sanctuaries; set limits on the numbers and size of whales which can be taken; have open and closed ... Whaling in US compared to Japan Essay -- social issues Whaling in US compared to Japan Did you know that in the last 50 years over two million whales have been killed? The United States views whaling very differently than Japan does. It is a complicated and controversial topic. Many people have opinions about whale hunting. However, everyone should know both sides of the whale hunting issues before they act on the issue. To start out I am going to tell you a little about whaling. The first whale hunters were in the prehistoric times. At first they would just kill and eat beached whales. That became such a habit that they started hunting them. Most whale hunters use harpoons, guns, lances, or bombs that blow up inside the whale. They use catcher boats, or kayaks. In 1925, whalers developed factory ships that could hold 12 catcher boats and a crew of about 400. These ships had radar under the boat that could detect where the whales were. These boats are what made it so easy to hunt whales. In 1931, the International Whaling Convention began. The major whaling countries formed the IWC to protect whales from being over hunted and to regulate the whaling industries. The main duty of the IWC is to keep under review and revise the measures laid down in the Schedule to Convention, which governs the conduct of whaling throughout the world. These measures provide for the protection of certain species; designate specified areas as whale sanctuaries; set limits on the numbers and size of whales which can be taken; have open and closed ...

Black Hole

Black hole in astronomy is a theoretical region in space with such intense gravitational forces that nothing, not even light, can escape from it. Calculations based on Einstein’s general theory of relativity published in 1915 indicate that a very high concentration of matter can form a black hole, but the existence of black holes has not been proven. For the sun to form a black hole, it would have to be compressed into a sphere less than 4 miles (6. 4 km) in diameter.Scientists believe such concentrations of matter can occur under certain conditions, as when a massive star (one with a mass three or more times that of the sun) runs out of fuel for thermonuclear reactions and collapses in one itself. In the constellation Cygnus, a star has been discovered that appears be in a binary (two-star) system with a small, invisible object that may be a black hole formed from a star (Abell, 34-36). The area around the object is a strong source of X-rays, possibly produced by gases heated to very high temperatures as they are drawn into the black hole.Very massive black holes may form at the centre of a galaxy, where there is a high concentration of stars and other matter. Astronomers have found evidence for the existence of massive black holes at the centre of several galaxies, including the Milky Way. Black holes ranging down to microscopic size may have formed when the universe was very dense, shortly after its creation. According to a theory by the English physicist Stephen Hawking, black holes of very small size lose a significant amount of mass through subatomic processes at their boundaries.According to this theory, once a black hole become extremely small, it emits all its remaining mass in an explosion of high-energy particles. However, evidence for such explosions has not been found. Moreover, the term â€Å"black hole† was coined to describe such an object more than 50 years ago, long before there was any evidence that such object existed. Today, t here is ample evidence that black hole exist (Snow, 111). If the core contains more than 3 solar masses, its collapse leads to the formation of a black hole. In this case, the degenerate neutron gas pressure cannot halt the collapse.There may or may not be a supernova explosion, depending on whether a neutron star forms temporarily (causing a rebound of the infalling outer layers of the star) before collapsing further. A black hole never stops collapsing; mathematically, it can be described as a single point containing all the mass of the collapsed stellar core, but physically it is difficult to describe. In other words, if a star more than 2 or 3 solar masses in its core collapses, it will exceed the mass limit for formation of a neutron star.When a star collapses beyond the point where neutron gas pressure degenerate can support it, the collapse never stops as mentioned earlier. Thus, a black hole is not in hydrostatic equilibrium because there is no known force that can counterac t the inward force of gravity and it is said that the mass of the star forms a singularity, described mathematically as a single point having infinite density. As the collapse proceeds, the surface gravity of the star becomes stronger (Chaisson, 16-17).The gravitational force of the star remains the same at distance outside of the original surface of the star; the immense increase in gravity occurs only at closer distances. As the surface gravity increases, it has an increasingly significant effect on photons of light. Eventually a point is reached where the surface gravity is so great that light cannot escape. At this point, the star is said to have passed through the event horizon because it is impossible to observe anything that happens to it after this.The radius of the star at this point is called the Schwarzschild radius and the Schwarzschild radius is proportional to the mass of the star; for a star of 1 solar mass, it is 3 km. A black hole cannot be directly observed, but it s presence may be detected through its gravitational effects. If a binary system is found to have an unseen member whose mass is too great to be neutron star, then it must be a black hole. Such binary systems are most easily recognized if mass transfer takes place from the companion star to the black hole. In this case, the matter that is transferred forms an accretion disk so hot that it emits X-rays (Abell, 34-36).Thus, X-ray binaries are likely places to look for black holes. Several X-ray binaries have been observed in which the analysis of the orbit of the visible star indicates that the unseen companion has too much mass to be a neutron star and must therefore be a black hole. Reference: 1. Abell, G. D. Exploration of the Universe (96h edition), pp. 34-36. Philadelphia: W. B. Suanders Co. , 2001. 2. Chaisson, E. Astronomy Today. Pp. 16-17. Englewood Cliffs, N. J. : Prentice Hall, 2002. 3. Snow, T. P. The Dynamic Universe: An Introduction to Astronomy (6th edition), p. 111. St. Paul: West Publishing Co. , 2001.

The Tibetan Independence Movement essays

The Tibetan Independence Movement essays The Independence of Tibet is one of the hottest topics in the world today, undoubtedly due in part to the massive media exposure and attention given to the Dalai Lama and his movement in America. Recent Movies such as Kundun, The Wind Horse, and the extremely popular Seven Years in Tibet have had an astounding impact on the arousal of international awareness of Tibets situation with China. This impact and the establishment of the Tibetan Independence Movement as a major issue on the international platform has lead to the argument by supporters of Chinese rule of Tibet that interventionists have based their arguments on history according to Hollywood . Have these films swayed public opinion and perhaps even influenced Americas foreign policy regarding China? My answer would be yes. But to argue that it is the basis and the only knowledge of the relationship between Tibet and China is a vain attempt by the Chinese to portray the stance of most of the free world as the work of capitalist propaganda. As an American, I find it insulting that Many of the Chinese-over-Tibet supporters look upon Americans as being so easily influenced by the media that we would use a Hollywood production as the basis for promotion of Tibetan Independence described by one Chinese advocate: Humanitarian Interventionists and Benevolent Global Hegemonists, most of whom lack even a rudimentary understanding of Chinas long and complex history, share a particularly nasty trait. Many of these Globocops imagine because they have downloaded a few pages of seperatist propaganda from Tibet.org, and shed a tear or two while watching Seven Years in Tibet, that qualifies them as China experts. They believe this qualifies them to pass judgment about whether China deserves to remain intact or be forcibly Balkanized by the worlds only remaining superpower. Their attitude rivals that of the most contemptible 19th century imp...

Fahrenheit 451 Essays (201 words) - Fahrenheit 451, Free Essays

Fahrenheit 451 Essays (201 words) - Fahrenheit 451, Free Essays Lauren Sladic 2nd hour Henderhan March 4, 2015 In Ray Bradburys Fahrenheit 451, Montag begins to challenge conformity and question his society. Bradbury begins the story by showing Montags energy towards his jobs of burning down houses that contain books: Later, going to sleep, he would feel the fiery smile still gripped by his face muscles, in the dark. It never went away, that smile (Bradbury 2). His declarations of detail strongly grab the attention of the readers, by implicitly writing about how Montag follows the societys conformity. Montag then later shows how he is questioning his society, after meeting a young girl named Clarisse. Clarisse does not follow the societys conformity and she passes the influence to Montag, making him challenge conformity and question his society. As they further grow a friend ship, Clarisse asks Montag a question about how many children he and his wife would like to have. He then replied with Well I dont really know (Bradbury 26). After that he begins to realize how much of a stinger his wife is to him, and how anti-social his whole society is. Just as Montag begins to somewhat question his society, he finds many more flaws in his world.

A live speech Assignment Example | Topics and Well Written Essays - 1500 words

A live speech - Assignment Example The speaker had a concise outline to his speech which he gave beforehand so that the audience knew the areas that he was going to be dealing with; these included an introduction to social networking and the impact that it has on college life, the various pros and cons of social networking websites ranging from productivity among students, popularity and medium of communication to assisting in extracurricular activities. Finally, a counter argument was also presented to give the speech a moot point and help the audience decide for themselves rather than sway them into thinking on one track of the topic. Most of the audience included students from various high schools and colleges around the city because it was an event conducted by a few colleges around the city for both high school as well as college level students. The speaker had a very strong thesis statement because of the fact that it centred around the entire speech very well. The statement that he made was ‘Social media websites have been thus affecting school and college students’ grades because students end up spending more time on websites rather than studying.’ He was a very good speaker because of the reason that he was continuously engaging in conversation with the audience by making excellent eye contact with everyone as well as asking questions that helped people relate with what he was talking about. A few members of the audience were asked how they spent their day, and they replied by stating that they spend their hours after school or college in front of the computer, on websites like Twitter and Face book. These websites take up all their time because the new generation is obsessed with documenting their every thought on the internet. Moreover, they like checking into places on their Face book, updating their status and spend hours on a single photograph that someone would have tagged them on, commenting. All these activities eat up into their study time and they fail to g et good grades or concentrate in the classroom due to being so hooked on to these websites all the time. The speaker also asked people to raise their hands to questions relating to the use of various websites, number of hours spent on them, and whether it has helped them gain popularity among their peers or not. An overview of the speech was given in the form of a listed outline at the very beginning as mentioned earlier, and thus people were prepared for the speaker. Moreover, this also added to their interest because the crowd, as a young generation group, was hard to please and the speaker was able to grab their attention easily by talking about Face book and Twitter and other such websites that find common interest among the youth today. People were thus able to easily anticipate the kind of questions that would be asked; the speaker used a presentation in the form of a power point to display a few posters that depicted statistics of the number of people in college using social networking websites and how the same either helped or hindered their daily lives and college grades. The audience found this very interesting and from the speaker’s point of view as well it was an excellent method of catching people’s attention easily rather than making them listen to his thoughts for the entire course of the speech. He talked about how the social network is a wonderful place to be for every individual in the world today because it

Outline and discuss the Capital Asset Pricing Model (CAPM) as means of Essay - 3

Outline and discuss the Capital Asset Pricing Model (CAPM) as means of valuing securities and their risk. What are the drawbacks - Essay Example Some other financial experts like Lintner and Mossini also explained and purified CAPM and its interpretation in later years (Gassen, and Sellhorn, 2006). Capital Asset Pricing Model Being a quantitative tool for computing the yield of a security, CAPM is used for pricing the financial asset through mathematical calculations (Fields and Vincent, 2001). There are three main components of CAPM model which are stated as follows: Rf = Risk-free rate Beta = Risk of individual security with respect to market Rm – Rf = Market Risk Premium Risk-free Rate Risk free rate is considered as the rate at which the investor does not face any risk yet he obtains a specified return. This risk-free return can be obtained by investing in government securities which are considered are risk free. However, the term risk-free is referred to only the risk related to default risk. Since governments are considered as the ones which are not supposed to face default risk, therefore, their securities are c onsidered as risk-free securities (Babu, 2012). Beta Beta is the factor which indicates the risk of a particular security associated with the overall market risk (Vishwanath, 2007). ... This is the risk which is beyond the control of an investor as well as the corporations whose securities are being traded in the capital market. This risk is called as the overall market risk such that the whole market is exposed to that risk and bears its consequences (Berk and DeMarzo, 2010). On the contrary, unsystematic risk is the risk related to a specific security such as downfall in the earnings, or slow growth, heavy fine etc. This is the risk which does not affect the market and can be eliminated through diversification by adding more securities in the portfolio. Market does not reward unsystematic risk of a particular because this risk can be eliminated through diversification. But it does reward the systematic risk as this risk is faced by every security simultaneously in the whole market (Watson and Head, 2009). In a more concise manner, beta is the measure of systematic risk of the individual security with respect to market risk. In other words, it tells how much volati le an individual security is with the market volatility. Beta of the overall market is 1. So if the beta of the individual security exceeds 1, it means that the security is having more risk as compared to market risk. On the contrary, if the beta is less than 1, it means that the security is having less volatility as compared to market risk. A risk taker invests in those securities which have a beta of greater than 1 whereas a risk averse investor tends to remain at a safe side and invest in those securities which have a beta lower than 1. Market Risk Premium Market risk premium is actually the difference between the overall market return and the risk free return (Brigham and Ehrhardt, 2010). In other words, it is actually the excess return that market provides above the