What Is a Converse Error Fallacy

One logical fallacy that is very common is called a converse error. This error can be hard to spot if we read a logical argument at a superficial level. Examine the following logical argument: If I eat fast food for dinner, then I have a stomach ache in the evening. I had a stomach ache this evening. Therefore I ate fast food for dinner. Although this argument may sound convincing, it is logically flawed and constitutes an example of a converse error. Definition of a Converse Error To see why the above example is a converse error we will need to analyze the form of the argument. There are three parts to the argument: If I eat fast food for dinner, then I have a stomachache in the evening.I had a stomachache this evening.Therefore I ate fast food for dinner. We are looking at this argument form in generality, so it will be better to let P and Q represent any logical statement. Thus the argument looks like: If P, then Q.QTherefore P. Suppose we know that â€Å"If P then Q† is a true conditional statement. We also know that Q is true. This is not enough to say that P is true. The reason for this is that there is nothing logically about â€Å"If P then Q† and â€Å"Q† that means P must follow. Example It may be easier to see why an error occurs in this type of argument by filling in specific statements for P and Q. Suppose I say â€Å"If Joe robbed a bank then he has a million dollars. Joe has a million dollars.† Did Joe rob a bank? Well, he could have robbed a bank, but â€Å"could have† does not constitute a logical argument here. We will assume that both of the sentences in quotations are true. However, just because Joe has a million dollars does not mean that it was acquired through illicit means. Joe could have won the lottery, worked hard all his life or found his million dollars in a suitcase left on his doorstep. Joe’s robbing a bank does not necessarily follow from his possession of a million dollars. Explanation of the Name There is a good reason why converse errors are named such. The fallacious argument form is starting with the conditional statement â€Å"If P then Q† and then asserting the statement â€Å"If Q then P.† Particular forms of conditional statements that are derived from other ones have names and the statement â€Å"If Q then P† is known as the converse. A conditional statement is always logically equivalent to its contrapositive. There is no logical equivalence between the conditional and the converse. It is erroneous to equate these statements. Be on guard against this incorrect form of logical reasoning. It shows up in all sorts of different places. Application to Statistics When writing mathematical proofs, such as in mathematical statistics, we must be careful.  We must be careful and precise with language. We must know what is known, either through axioms or other theorems, and what it is that we are trying to prove. Above all, we must be careful with our chain of logic. Each step in the proof should flow logically from those that precede it. This means that if we do not use correct logic, we will end up with flaws in our proof. It is important to recognize valid logical arguments as well as invalid ones. If we recognize the invalid arguments then we can take steps to make sure that we do not use them in our proofs.

Human Properties And Qualities Of A Substance - 830 Words

Descartes explains â€Å"substance† as being something that exists by itself, as it does not require anything for its existence. With substance he also talks about â€Å"modes† being another element that exists for various things. Modes are what he considers the physical properties and qualities of a substance. An example of what modes are can be imagined by thinking of the color, the texture, or the size of a red ball, as these features are what Descartes would consider modes of the ball (substance). With knowing what substance is, Descartes further distinguishes infinite and finite substance, along with perfect and imperfect substances. Asking the question of what is a substance, Descartes claims that god is a substance because god exists without requiring anything. Next considering that god exists, anything which god creates can also be a substance because, as god is a substance, his creation is also a substance, however, with a lesser degree of existence making it b oth finite and imperfect because they required god. Understanding what substance is, it is important to note, that Descartes considers god, the mind, and body as the only three substances that exist. 1 The mind and body for Descartes are two forms of substances that he distinguishes as being separate from one another in operations. Descartes theory for this comes from his isolation from everything he has known including his physical body. Keeping in mind that everything is an illusion, Descartes tells himself if he isShow MoreRelatedDualism And Belief That The Mind And Brain Essay1201 Words   |  5 PagesAccording to J.P. Moreland in his argument for dualism, he states that humans are composed of both an immaterial substance and a physical substance. 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Translocation of over-Breeding Species Free Essays

Translocation is the method to alleviate the over-breeding problem of animal besides killing them. The International Union for Conservation of Nature (IUCN) broadly defines translocation as ‘‘the deliberate and mediated movement of wild individuals from one part of their range to another† (e. g. We will write a custom essay sample on Translocation of over-Breeding Species or any similar topic only for you Order Now IUCN, 1987). Translocation includes Capture and handling, captivity or some form of prolonged restraint, transport, release into an unfamiliar location four processes. Despite its wide use and importance, translocation traditionally has a low rate of success due to the effect of chronic stress. But Tufts University has done the measure on translocation and found out the solutions (Biological Conservation Molly J. Dickens 2010). Administering anesthesia or tranquilizing during capture, reduce the risk of the animal perceive handling and transport. Normally, Health assays, veterinary visits, or other forms of observation and intervention are conducted during captivity, decrease the total number of visits, thus decreasing added exposure to handling stress. Specific aspects of transport such as vehicle design, stacking density, ventilation, and even the quality of the road and the standard of driving should be measured before translocation. Finally, the use of a ‘‘soft-release† strategy, in which animals adjust to the area in a special designed cage before being released, may decrease novelty of the release site since animals will have time to adjust to their new surroundings without additional stress of finding resources or facing predation. This research makes translocation be a feasible method nowadays. There are two types of strategy in translocation. Introduce to a place with similar biotic and abiotic factors but the population of over-breeding species should be small. For the advantage, animals easily adapt the new condition. But the animals still have a high breeding rate, the over-breeding problem will threaten the ecosystem again after a long period. Another strategy is to introduce to a place with new environment. It actually can reduce the breeding rate effectively. But there is a lot of works should be carried out both before and after. Before animals can be introduced into an environment biologists must determine the reason for the over-breeding and over-population problems and also assess the risk of translocation. After translocation, biologists should study the animals to ensure they are surviving and breeding in their new environment. Translocation is the most suitable for some species of animals. For example, Grey kangaroos are one of the over breeding animals. They are capable of breeding throughout the year, but most breeding occurs in summer. The female kangaroo is usually permanently pregnant, except on the day she gives birth. This leads a high birth rate. Apart from human, the effect of predator on kangaroo’s population is limit. And also, eastern Grey Kangaroos are the most social of the kangaroos and so it is rare to see one alone. One good reason to gather together in a group is that more individuals can be more attentive to possible threats from predators. As kangaroos dead from the effect of predator is low, but the high breeding rate continuously increase the population, finally cause over-population. But the grey kangaroos are a high adaptability species. They can still alive in the change of environment and this minimizes the effect of translocation. During a dry period, males will not produce sperm. It is suitable to relocate them to a less wet place to reduce their ability of reproduction. Kangaroos are animals that don’t burp methane. In Australia, kangaroo compete with cattle and sheep. The increase in number of kangaroos enables decrease number of sheep and cattle, and therefore reduces the release of greenhouse gases. This is the main reason why we save the kangaroos rather than eating them. How to cite Translocation of over-Breeding Species, Papers

Clinical Pharmacokinetics of Morphine

Question: Discuss about the Clinical Pharmacokinetics of Morphine. Answer: Introduction: Morphine is a highly potent, commonly used opioid analgesic commonly used to treat moderate to severe pains. The information needed about it before administering it to Matt includes: Absorption Dosage of morphine can be administered to matt in the form of oral solution, tablets, capsules, pellets, Intravascular and Intravenous injections, Subcutaneous injections, inhalation, spinal injections and epidural. At times morphine is also administered rectally to be absorbed by rectal blood vessels. In terms of absorption, Morphine is variably absorbed, usually with a 30% efficiency when administered orally. It is efficiently absorbed through gastro-intestinal mucosa. Transdermal absorption of Morphine are however not that effective. After epidural administration, Morphines systemic absorption as well as absorption into the intrathecal space of meninges occurs (Mandal, 2013). Distribution Morphine has a large volume of distribution and hence is quickly distributed throughout the body including the brain. Almost one-third of the drug binds to the plasma protein to facilitate this diffusion. It takes around 15-20 min via IV and IM injections while oral administration takes 30-90 mins to reach peak plasma levels. Morphine undergoes extensive Hepatic First-pass effect reducing its bioavailability substantially (Morphine, n.d. a). Metabolism The metabolism of morphine occurs majorly in liver in a process known as first-pass metabolism as a result of which, 40-50% morphine reaches CNS. Due to its hepatic metabolism, the dosage administered to hepatic patients should be proportionately reduced. The main metabolic pathway to breakdown morphine is glucuronidation through which a number of active and inactive metabolites such as morphine-3-glucuronide (M3G) (inactive), Morphine-6-glucuronide (M6G) (active) are formed. Small quantities of Normorphine (neurotoxic), codeine and hydromorphone may also form (Glare Walsh, 1991). Excretion Morphine and its metabolites are excreted through kidneys after metabolism. In case of renal insufficiency, the metabolites especially M6G tends to accumulate in the body though pure form is released which forms around 10% of administered dose. Pharmacodynamics After entering blood stream, morphine quickly crosses blood-brain barrier and binds predominantly to mu-opioid receptors however simultaneous interaction with Kappa- and delta-type opioid receptors too happen though not to the similar extent. This leads to analgesia, sedation and respiratory depression. Analgesia is induced by binding to the opioid receptors and inhibition of GABA inhibitory neurons which normally inhibit the descending pain inhibition pathway. Without the presence of these GABA neurons, pain modulation happens efficiently. Due to its action on CNS, morphine is administered carefully to mental patients, CNS patients and those administered with MAO inhibitors in the last fortnight (Morphine, n.d. b). References Glare, P. A., Walsh, T. D. (1991). Clinical pharmacokinetics of morphine. Therapeutic drug monitoring, 13(1), 1-23. Mandal, A. (2013). Morphine Pharmacokinetics. News Medical Lifesciences. Retrieved from https://www.news-medical.net/health/Morphine-Pharmacokinetics.aspx Morphine (n.d. a). Davids Drug Guide. Nursing Central. Retrieved from https://nursing.unboundmedicine.com/nursingcentral/view/Davis-Drug-Guide/51518/all/morphine#10 Morphine (n.d. b). The Drug Bank. Retrieved from https://www.drugbank.ca/drugs/DB00295

Typewriter and Investigatory Project free essay sample

Investigatory Project With Complete Write Ups Free Essays 1 20 www. studymode. com/ /investigatory-project-with-complete-write-ups-p? Free Essays on Investigatory Project With Complete Write Ups for students. Investigatory Project: How To Make An Investigatory Project Sample Format: the Use of Science Investigatory Project Prepared by: JUvy L. Tobias Republic of the Malunggay and Spinach Powder (Investigatory Project Sample) www. scribd. com/ /Malunggay-and-Spinach-Powder-Investigatory-Proj? Mar 30, 2010 Malunggay and Spinach Powder (Investigatory Project Sample) Free medicine cabinet by scientists and health care workers from around the world It grows up to ten (10) meters tall and its leaflets are ovate to elliptic and . grams but the finished product yielded only 60 grams with an approximate Simple Science Investigatory Project Writeups  « Wonder How To tag. wonderhowto. com †º How-To Topics †º Simple †º Simple science? The Best Investigatory Projects in Science: 16 Fun Easy Ideas to Kickstart Your This simple weather instrument is an example of electronic instrumentation, it uses a . just recently dedicated themselves to running a full-time kit business. We will write a custom essay sample on Typewriter and Investigatory Project or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Science Investigatory Project/ Complete Research Write-up for ISEF www. teacherspayteachers. com/ /Science-Investigatory-Project-Complet? US$2. 00 This is a comprehensive and complete paper for the science fair, following the guidelines and format given by the International Science and Engineering Fair. SCIENCE INVESTIGATORY PROJECTS FROM MUNTINLUPA sip-mnhs. blogspot. com/? Dec 26, 2012 Science Investigatory Project Competition Is there a significant difference between the experimental and control set-ups in terms of: a. requirements for the investigatory projects Free Science Fair Projects www. freesciencefairproject. com/requirements. htm? Apply/demonstrate scientific principles or attempt to provide new knowledge; A Sample Diagram of a Science Fair Display The project write-up must be typewritten double-spaced in short bond paper (8†x11†) and follows the following format: Findings – the data maybe presented in full discussed descriptively in the What are the parts of investigatory project write ups? Blurtit education. blurtit. com/ /what-are-the-parts-of-investigatory-project-write? You should also write down the outcome that you expect. However, this may only apply to certain experiments so you may not be obliged to complete this step. What Are The Examples Of Science Investigat

35 Words Frequently Found in Compounds

35 Words Frequently Found in Compounds 35 Words Frequently Found in Compounds 35 Words Frequently Found in Compounds By Mark Nichol The subject of compounds, permanent or temporary combinations of words temporary in the sense that they are â€Å"invented† for the occasion but are not in common usage is a complicated matter because whether a compound employing a given word is open (with letter spaces between the constituent words), hyphenated, or closed (with no letter spaces) is usually inconsistent. Here’s a guide to the most common compound building blocks and how to treat compounds that use them. 1. Ache: Headache and similar words are always closed compounds. 2. All: Phrasal adjectives like â€Å"all out† are hyphenated before a noun (â€Å"This means all-out war†). In adverbial form, such phrases are open: â€Å"She went all out in an effort to impress him†). 3. Book: Many compounds that include book are closed (handbook); terms not listed in the dictionary should be open. 4. Borne: Some forms are closed (airborne); hyphenate compounds not found in the dictionary. 5. Century: This word is never hyphenated in a noun phrase (â€Å"twenty-first century†), but it is hyphenated to the rest of the phrase when the phrase serves as a phrasal adjective before a noun (â€Å"twenty-first-century mind-set†). 6. Counter: Compound nouns are almost always closed (countersign). 7. Cross: Leave compounds such as â€Å"cross section† open unless they are hyphenated or closed in the dictionary. 8. E: The prefix for electronic should be hyphenated in all uses, as well as lowercase except when the word begins a sentence. (I prefer email, ebook, etc., but this is a minority position popular in high-tech publications but not elsewhere.) 9. Elect: Hyphenate in such usage as â€Å"secretary-elect,† but omit hyphens when the other term is itself an open compound (â€Å"secretary general elect†). 10. Ever: Generally hyphenate before a noun (â€Å"ever-optimistic attitude†), but sometimes closed (evergreen). 11. Ex: Always hyphenate except with an open compound; in that case, use an en dash after ex. If your Web site does not use en dashes, reword to avoid awkward use of hyphens (â€Å"former vice president† rather than â€Å"ex-vice-president†). 12. Extra: Nouns and adjectives (extraterrestrial) are almost always closed, but check the dictionary; exceptions include â€Å"extra-point statistics.† Informal adverbs are open (â€Å"be extra careful†). 13. Foster: Compound nouns are always open (â€Å"foster family†); phrasal adjectives are hyphenated before a noun (â€Å"foster-care specialist†). 14. Free: Hyphenate before and after a noun when free is the second element in a compound (â€Å"scot-free†). 15. Full: Hyphenate before a noun (â€Å"full-time employee†). 16. General: Compounds with general as the second element are always open (â€Å"major general†); the first word, not general, takes the plural form (â€Å"secretaries general†). 17. Grand: Compounds denoting kinship that include this word are always closed (grandchild). Compounds in which grand is an adjective denoting status are always open (â€Å"grand dame,† â€Å"grand marshal†). 18. Great: This word is hyphenated in compounds denoting kinship (â€Å"great-grandchild†). 19. Half: Compound nouns are always open (â€Å"half dozen†). Phrasal adjectives are hyphenated before and after a noun (â€Å"half-eaten†). Check the dictionary for permanent closed compounds (halftime). 20. House: Compounds are open unless closed in the dictionary (â€Å"house cat,† but household). 21. In-law: Compounds with in and law as the second and third elements are always hyphenated; the first word, not law, takes the plural form (sisters-in-law). 22. Like: Hyphenate compounds in which like is the second element before and after a noun unless the compound is closed in the dictionary; hyphenate if the last letter of the preceding word is an l (snail-like) or a y (dormitory-like). 23. Near: Compound nouns are open (â€Å"near miss†); hyphenate adjectives before a noun (â€Å"near-term strategy†). Nearsighted, however, is closed. 24. Odd: Always hyphenate compounds including odd as the second element in the sense of â€Å"approximately† (thirty-odd). 25. Off: Phrasal adjectives are hyphenated before a noun (an â€Å"off-kilter column†); hyphenate adverbs (â€Å"sang off-key†). Hyphenate compounds in which off is the second element (bake-off). Note that style is occasionally inconsistent between on and off antonyms (on-screen, but offscreen). 26. Old: Compound nouns in which old is the last element are always hyphenated (â€Å"my six-year-old†); phrasal adjectives including the word are hyphenated before a noun (â€Å"six-month-old policy†). 27. On: Hyphenate adjectives and adverbs starting with on that are not in the dictionary. (See the note at off about inconsistency.) 28. Over: Compounds including this word, regardless of part of speech, are always closed. 29. Quasi: Hyphenate phrasal adjectives (â€Å"quasi-judicial proceedings†); some scientific terms are closed (quasiparticle). 30. Step: In kinship terms, always closed (stepmother) unless preceding grand or great (step-grandmother). 31. Style: Compound nouns are open (â€Å"art deco style†); hyphenate adjectival and adverbial forms (â€Å"family-style dining†; â€Å"dined family-style†). 32. Under: Compounds including this word, regardless of part of speech, are always closed. 33. Vice: Compound nouns are open (vice president), hyphenated (vice-consul), or closed (viceroy); hyphenate if not in the dictionary. 34. Web: Compound nouns are open (â€Å"web press† â€Å"food web†) or closed (webfoot, spiderweb); check the dictionary. Terms pertaining to the World Wide Web follow the same variations (â€Å"web page,† â€Å"webmaster†). Many publications style website as one word, and The Chicago Manual of Style has conceded this fact, but Merriam-Webster’s Collegiate Dictionary stands by â€Å"Web site† (which is also my preference). 35. Wide: When wide is the first element in the compound, hyphenate before a noun (â€Å"wide-ranging talents†). When it is the second element, hyphenate the compound if it does not appear not closed in the dictionary; many publications hyphenate such compounds in which the first element ends in y (community-wide). Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Congratulations on or for?3 Types of Headings10 Tips to Improve Your Writing Skills

Global warming in saudi arabia Research Paper Example | Topics and Well Written Essays - 750 words

Global warming in saudi arabia - Research Paper Example This paper will analyze the major cause of global warming in Saudi Arabia, its impacts, some mitigation measures that should be taken and the response of the country towards climate change policies. Introduction Saudi Arabia, one of the hottest and driest countries in the world, is approximately situated between East longitudes 37 and 56 and North latitudes 17 and 31. The average yearly rainfall in the Kingdom ranges from 80 mm to 140 mm apart from the southwestern mountains. Utmost summer temperatures frequently go beyond 45 degrees Celsius while virtual humidity is very low and skies are usually clear. These increases in the maximum temperatures are as a consequence of global warming (Alkolibi, 225). Depledge indicates that Saudi Arabia’s attitude on climate change is plainly established on its fears over the likely negative effects of climate change lessening policies on its economy. They fear that these measures will sharply reduce their export thereby affecting the econom y. These fears are expected, since Saudi Arabia relies heavily on the oil sector, which accounted for 77 percent of government incomes in 2002. Due to this, oil exporters are the most shown to endeavor to cut greenhouse gases, and will be likely to bear costs higher than those of the mitigating developed countries will. This is because being an oil producing country, there is a lot of combustion taking place in its industries, thus increasing the level of carbon dioxide in the atmosphere (12). Despite being a major oil producing country, Saudi Arabia also has a banging population; 29 million people and growing at a rate of 2 percent a year. This means that the country has pressure since this population is not able to sustain its present standard of living on the declining oil revenues. In order to maintain this population, pressure is mounted on the oil resources thus emitting more carbon in the atmosphere. In turn, this accelerates global warming in the country thus making it hotte r and drier. Watchdog groups and western diplomats allege that the Saudis realize that a global accord to regulate carbon emissions is possible and they are trying to suspend it as long as possible (McEvers, 14). McEvers further states that most of the people in Saudi Arabia do not consider climate change as a big concern despite the country experiencing very high temperatures (11). Moreover, there are a number of weather-related catastrophes in the nation for instance sandstorms, long-term droughts and frequent severe floods. These are the adverse effects of global warming in the country yet the population is ignorant about it. Furthermore, projections indicate that most of the country’s cities located at the Coasts are likely to be submerged in a few decades to come (12). Low rainfall and high temperatures plus high inconsistency of both factors greatly affect agriculture in the country. This is because these conditions lessen soil moisture, damage the soil by mechanical we athering and augment evapotranspiration. These conditions have a damaging effect on water accessibility and agriculture and depict Saudi Arabia a very poor country in terms of agricultural production and water resources (Alkolibi, 225). A quantitative estimation by the British Hadley Center GCM experiment forecasted that climatic change in consequence of global warming is anticipated to lead to reduction in agricultural food production in dry regions situated in the lower latitudes. This

International Marketing Essay Example | Topics and Well Written Essays - 1750 words

International Marketing - Essay Example 63-65, 1996). Yet, the fundamental question remains and revolves around the reason of why shall the company use the services of consultants for the same and why the internal talent be utilized for the same. There are many reasons in this regard. Firstly, strategy building is a difficult and painful exercise since it requires making hard and avoidable choices. In fact, strategy builders have to get out of their comfort zones and take decisions to undertake discussions, which they would have not even imagined under normal circumstances. It has been an observation (Porter, pp. 69-74, 1996) that at times, it becomes extremely difficult for the company to make those choices considering the human and emotional constraints. This also explains why many Chinese and Japanese companies avoid having clear and well-defined strategies since the process of the same would require them to go against their culture of collectivism, uncertainty avoidance and achieving consensus for every decision (OMahoney, pp. 64-6 9, 2010). Quite understandably, when managers are making the strategies, there is a high probability that the emotional element would get into the process to make it more biased. Many companies successfully develop good strategies but fail to execute them; however, it would be a complete disaster if the company designs a biased and mediocre strategy and then executes it with all possible energies (Curnow & Reuvid, pp. 79-84, 2003). Furthermore, over the years, the field of strategic management has developed to great limits. New complexities, inventions, and use of latest tools, ever-changing industry scenario, new elements and dynamics and others have made it even more complex for any nonprofessional or even an average middle manager to involve himself in the process of strategic management and promise great results. Management consultants bring with themselves vast experience in their fields of helping companies making turnarounds and taking otherwise

Credibility of International Human Rights Organizations Term Paper

Credibility of International Human Rights Organizations - Term Paper Example The organizations play their roles through mobilizing people and confronting any institution or individuals who are acting in an injustice or inhuman manner, thus jeopardizing the dignity of humanity. The International Human Rights Organizations monitors basic human right issues all over the world and promote their views on such issues (Barsh, 113). They undertake their responsibilities through lobbying and advocacy, trying to convince the United Nations as well as other national governments to adopt their established policies on human rights and freedoms (Emilie and Kiyoteru, 407). Such International Human Rights Organizations have observers in many regions of the world where they monitor and give their views on the violation and abuse of human rights in those regions. To protect and promote human rights the world over, such organizations collaborates with other regional and locally based organizations, as well as human rights defenders, to mobilize, lobby and advocate for non-viola tion of basic human rights by governments and other institutions (James and Peter, 276). However, the idea of human rights protection have been overemphasized in the last two decades, with human rights organization taking the center stage in running the affairs of the people. More than ever in the world, human rights organizations have been integrated in each aspect of a countries affair, having the media focus on them and huge budget allocations channeled towards them (Emilie and Ron, 375). The support for human rights organization has been immense from the public, since they perceive such organizations as their protector against the violations of their basic freedoms and rights by the government. Therefore, human rights organizations have become an effective platform through which people advocate for their rights and seek redress whenever their freedoms and rights are violated. Thus, the reputation of International Human Rights Organizations has grown bigger than of many other lea ding corporations (Emilie and Kiyoteru, 407). Though in the 1970s such organizations were excluded in the main global policy circles, these has changed with any policy involving finance, security and power incorporating these organizations at the center stage of such issues. Thus, human rights have been integrated in the global culture, where every aspect of human interaction has to be aligned based on the policies and views promoting human rights and freedoms. Social change in the developing world is greatly imparted by the International Human Rights Organizations, as any aspect of social change in such countries has to be monitored and assessed based on how it suits the established policies by these organizations. For such organizations, two basic issues are fundamental for their success in actively playing their roles. The first of this fundamental task is to persuade the political, social, and economic elites that human rights are universal and desirable for all, and thus they s hould be promoted at whatever cost (Emilie and Ron, 375). This can be achieved through having politicians and other social elites prioritize human right issues in their meetings and forums. Journalists and bureaucrats have an enormous role to play in promoting these issues through articulating them in media. The second tasks are translating the human rights language and policies into a reality and have such

United Kingdom and the Eurozone

United Kingdom and the Eurozone DEFINITION OF CURRENCY UNION In the world today, systems in which countries come together in agreement of sharing single money. The system is called currency or monetary union, its importance and number of participants is growing. In May 2005, 52 out of 184 IMF members participated in currency unions (Rose, 2006). A currency union can be defined as a system where two or more groups usually countries share a common or single currency in order to keep the value of their currency at a certain level (Investopedia, 2015). It can also be defined as an agreement among member’s countries or other jurisdictions to share a common currency, and a single foreign and monetary exchange policy (Rosa, 2004). Currency unions occur when a poor country unilaterally adopts the money of a larger â€Å"anchor† country. For Example, a number of countries currently use the American dollar such as Panama, Ecuador, and a number of smaller countries and dependencies in the Caribbean and Pacific (Rose, 2006). In Africa, Swaziland, Lesotho and Namibia all use the South African Rand thereby forming a currency union (Multilateral monetary area). In these cases, the exchange and interest rates of dependent countries are influenced and determined by the anchor country, generally in the interest of the anchor. There are a number of multilateral currency unions between countries of similar size and wealth such as the East Caribbean dollar: Anguilla, Antigua and Barbuda, Montserrat, Grenada, Saint Kitts and Nevis, Saint vincent and the Grenadines and Saint Lucia. The Central Bank of the West African of the CFA franc: Benin, Burkina Faso, Guinea-Bissau, Mali, Niger, Senegal and Togo and also the Bank of the Central African States. Other currency unions in the world are the monetary authority Singapore, eastern Caribbean currency union, multilateral monetary area etc. The largest currency union is the Economic and Monetary Union of the European Union which began on the 1st January 1999, although the euro was only physically introduced three years later. Twelve countries instituted the euro as a legal tender, delegating and determining monetary policy for EMU to through the international European central bank. One of the reasons of forming a currency union is mainly to synchronize and manage each member countrys monetary policy which could be done through lowering of transaction costs of cross-border trade (Silva and Tenreyro, 2010) The union is expected to grow more with Cyprus, Malta, Slovakia and Slovenia recently joining the area and other states such as Monaco, San Marino and Vatican City unilaterally adopting the euro as their sole currency however, Sweden, Iceland, Denmark and the United Kingdom have rejected membership but maintained debates on the advisability of adopting the euro particularly after the onset of the global financial crisis (Carney, 2014). Currency unions have no definite size therefore there is no appropriate domain for a currency. The use of a single or common currency is advantageous to regions as well as can also cause problems in the dual presence of asymmetric shocks and nominal rigidities (in prices and wages) (Mundell, 1961). The effect of the size on currency union tend to create more open and fewer nominal rigidities for smaller countries making them better candidates for currency unions (Mckinnon, 1963). The effects of the economys degree of diversification could result in fewer asymmetric shocks and accordingly fewer benefits from national monetary policy. The insights of the theory of optimum currency areas provided by Mundell (1961) concluded that common currency areas are defined by internal mobility and external immobility of factors of production. According to this theory, the optimum size of currency area depends on the tradeoff between the macroeconomic efficiency gains and micro-economic costs. The forming currency unions have its costs as well as benefits. THE COSTS Generally, the main cost of joining a currency union is the loss of an independent monetary policy with the inability to react to shocks through exchange rate adjustments. Monetary independence can be beneficial when shocks are regionally specific, alternative mechanisms are weak and when exchange rate changes function as means of lightening idiosyncratic shocks Countries that could potentially let their exchange rates adjust to justify the impact of shocks often display fear of floating and thus do not exploit the automatic stabilization properties of exchange rates (Calvo and Reinhart, 2002). Countries reluctance to implement monetary policy to tackle shocks could be linked to its actual effectiveness; less effectiveness of monetary policies to facilitate the adjustment or possibly wider consideration such as fear that it may trigger beggar thy-neighbor responses by trading partners inducing structural volatility in the financial markets. Besides the absence of price adjustment mechanisms, output stabilization and currency revaluation in the currency union faces another challenge. A system of income transfers is necessary for softening negative asymmetric shocks in countries that have joined a currency union however; the prospect of income transfers between countries generates the type of moral hazard commonly seen in insurance models (Grabner, 2003). Another cost of currency unions relate to overcoming structural differences among the countries. The transition towards a monetary union is likely to expose structural weaknesses (Jacquet 1998 and Grabner 2003). By entering a monetary union, countries lose the ability to correct their monetary troubles in short term. The necessary structural reform preceding the acceptances of a single currency focus on issues like taxation, supervision of capital markets and also mutual recognition and harmonization of labor markets (Jacquet 1998). There is also an issue of fiscal financing. Public budget can be financed from government bonds and tax revenues. A country in a currency union is likely to face constraints on financing options resulting in a suboptimal situation. At the same time, government bonds are linked to inflation and a currency union implicitly assumes convergent optimal inflation rates (Grabner 2003). In reality the optimal levels of inflation may differ among the countries in the currency union. Furthermore, the cost or problem of currency union inability of participant countries to independently choose an inflation rate. It seems relatively less important now than in the past as improvements in available technology to central banks enable sustainable inflation that result in low actual inflation rates in most countries however if a country plagued by low productivity enters a currency union of higher productive countries, it could experience higher inflationary rates (Coleman 1999). THE BENEFITS One of the main benefits of currency unions envisaged by Mundell (1961) is the elimination of currency conversion costs and greater predictability of prices which would increase trade. The savings are more significant for small, open and less developed countries whose currencies are not used for international payments (Grabner 2003). Coleman (1999) mentions the savings from the reduction of transaction costs and reduction of price uncertainty together account for 0.4 percent of GDP in the Eurozone. Increased price transparency and reduced price uncertainty are often quoted as interrelated benefits of currency unions. The reduction of price uncertainty is linked to the use of unit of account which is simultaneouslu used by broader economic area (Zika, 2006). The even disappearance of exchange rates removes a vital barrier to trade integration; this furthermore leads to better information, increased competition and price transparency (Jacquet 1998 and Grabner, 2003). Further benefit of monetary union is the removal of competitive devaluations by member countries which also known as â€Å"beggar-thy-neighbor† policy (Kronberger, 2004). Within currency unions, both importers and exporters have a strong interest in avoiding disproportionate swings in exchange rates. The transfer of resources between regions by the centralized monetary authority through its money issuing function. These transfers can be used to diversify the risk of expected economic shocks however; public finance plays a significant role (Voss, 1998). Currency union has the potential to reduce the number of investment failures. Price uncertainty negatively impacts the welfare or risk adverse individuals in standard economic theory. The greater exchange rate volatility tends to impair the quality of decisions about investment projects abroad; therefore greater exchange rate volatility implies more frequent investment failures and larger costs (Grabner, 2003). Higher risk caused by the increase in price and exchange rate uncertainty increases the real interest rate. Higher real interest rates then highlight the problems of moral hazard and adverse selection. This therefore helps lower systematic risk (Grabner, 2003). Finally, the vast economic area of currency unions increases the effect of networking. The adoption of a single currency in a bigger economic area creates greater benefits for all users. Looking at the economic structure of the United Kingdom and Eurozone, both have projects which are suitable to the individual development and growth of both economies. The United Kingdom becoming a member of the eurozone will be more of disadvantage than benefit to the United Kingdom due to several reasons. The core argument for entering the EMU is the elimination of exchange risk against the euro which would promote much more trade with and within Europe by merging the rather risky and limited sterling capital market into a bigger and less risky euro capital market. The joining of the Eurozone is not to world currency but a regional one. Outside of Europe, most of the world either uses the dollar or is tied to it in some way therefore trade and investment would be half with the euro area and half with the dollar area. But over the years, euro/dollar exchange rate has been highly variable which when compared to British pound/dollar exchange rate it doesn’t seem convincing. If the UK remains outside, the pound can go between the two currencies as the euro swings occur against dollar thereby sitting on the middle of a seesaw. Looking at this, there is no necessary gain in the exchange risk reduction in UK joining the Eurozone and that it is even possible that the overall risk would rise. The benefit of price transparency and comparison between UK and Eurozone is also of little importance in the sense that United Kingdom has no land borders with the Eurozone unlike Belgium and Netherlands. Given this fact, the comparing of prices between both zones is irrelevant. In terms of bailout and the emerging state pension crisis, growth and development is slower than expected while unemployment is turning out to be higher. The politics of pension cut benefits is speculative given that the aging population will increasingly be dominated by older voters. The effect of raising taxes further would lower growth and increase unemployment. It is a matter of concern to the UK that cost of meeting explosive financial liabilities might somehow impact British taxpayers. In conclusion, the reduction of transactions cost of currency exchange would be roughly offset by the one-off cost of currency conversion. There would be some gain from eliminating exchange risk against euro but this would be offset largely by the volatility against the dollar with around half our trade broadly defined with countries either on or closely linked to the dollar. Generally, the exchange risk does not appear to have an important effect on trade or foreign investment, and in the UK case, on the cos of capital. Honestly, I would like to advice that the UK waits and properly assess and plan out different projects. Due to the structure of the Eurozone, I am strongly against the UK joining the Eurozone which is the best interest of British citizens REFERENCES A Coleman. (1999).Economic integration and monetary union.Available: http://www.treasury.govt.nz/workingpapers/1999/twp99-6.pdf . Last accessed 04-01-2015. Andrew K. Rose. (2006).Currency Unions.Available: http://faculty.haas.berkeley.edu/arose/Palgrave.pdf. Last accessed 05-01-2015. Available: http://object.cato.org/sites/cato.org/files/serials/files/cato-journal/2004/5/cj24n1-2-10.pdf. Last accessed 04-01-2015. G.M.Voss. (1998). Monetary integration, uncertainty and the role of money finance.Oxford: Blackwell Publishing. 65 (2), 231-245. G Fink And D Salvatore. (1999).Benefits and Costs of European Economic and Monetary Union.Available: file:///C:/Users/G1308037/Downloads/6.2_Fink.pdf. Last accessed 05-01-2015. G Thompson and D Harari. (2013).The economic impact of EU membership on the UK.Available: https://www.google.co.uk/url?sa=trct=jq=esrc=ssource=webcd=10cad=rjauact=8ved=0CGEQFjAJurl=http://www.parliament.uk/briefing-papers/sn06730.pdfei=iBCsVJ_QAefe7AbMvYDgDgusg=AFQjCNG. Last accessed 05-01-2015. Guillermo A. Calvo And Carmen M. Reinhart. (2002).Fear Of Floating. Available: http://web.cenet.org.cn/upfile/87741.pdf. Last accessed 02-01-2015. Investopedia. (2015).Currency Union.Available: http://www.investopedia.com/terms/c/currency-union.asp. Last accessed 05-01-2015. Jan Zika. (2006).Cost and Benefits Of A Monetary Union.Available: http://janzika.com/en/wp-content/uploads/2006/03/Monetary_union.pdf. Last accessed 02-01-2015. Jacquet P. (1998).A worthwhile gamble. International Affairs.Available: No. 1, January, Vol. 74, pp.55–71.. Last accessed 04-01-2015. Mark Carney. (2014).The Economics Of Currency Unions.Available: http://www.bankofengland.co.uk/publications/Documents/speeches/2014/speech706.pdf. Last accessed 06-01-2015. Patrick Minford. (2002).Should Britain Join The Euro?.Available: http://www.iea.org.uk/sites/default/files/publications/files/upldbook147pdf.pdf. Last accessed 07-01-2015. Patrick Minford. (2004).Britain, The Euro, And The Five Tests. R. Kronberger. (2004).A cost-benefit analysis of a monetary union for MERCOSUR with particular emphasis on the optimum currency area theory.Available: http://econwpa.wustl.edu:80/eps/mac/papers/0407/0407010.pdf . Last accessed 04-01-2015. R Layard, W Buiter, C Huhne, W Hutton, P Kenen and ATurner. (2002).Why Britain Should Join The Euro.Available: http://willembuiter.com/RL334D.pdf. Last accessed 05-01-2015. Robert A Mundell. (1961).A Theory of Optimum Currency Areas. Available: http://digamo.free.fr/mundell61.pdf. Last accessed 05-01-2015. Ronald I. Mckinnon. (1963).Optimum Currency Areas.Available: http://www.jstor.org/discover/10.2307/1811021?sid=21105014573601uid=4uid=3738032uid=2. Last accessed 02-01-2015. S Rosa. (2004).Definition Of Currency Union.Available: https://www.imf.org/external/np/sta/bop/pdf/cuteg1.pdf. Last accessed 04-01-2015. S.Silva and S. Tenreyro. (2010).Currency Unions in Prospect and Retrospect.Available: http://personal.lse.ac.uk/tenreyro/cupaper.pdf. Last accessed 01-01-2015. S.Tenreyro. (2001).On The Causes and Consequences of Currency Un.Available: http://faculty.haas.berkeley.edu/arose/tenreyro.pdf. Last accessed 05-01-2015. Willem H. Buiter. (2008).Why the United Kingdom Should Join the Eurozone.Available: http://willembuiter.com/ifeuro.pdf. Last accessed 05-01-2015.

The Shrews Illusion :: essays research papers

The Shrew’s Illusion HORTENSIO: Now go thy ways, thou hast tam’d a curst shrow. LUCENTIO: ‘Tis a wonder, by your leave, she will be tam’d so.   Ã‚  Ã‚  Ã‚  Ã‚  Indeed, Hortentio’s assurance in the taming of the â€Å"curst shrow† Katerina seems a wonder to all the audience in the final scene of â€Å"The Taming of the Shrew.† After hurling furniture, pitching fits and assaulting her sister, Katerina delivers a speech that lauds obedience and censures rough behavior. Allegedly, this speech demonstrates Katerina’s obedience to her husband, Petruchio, who has forced her to realize the error of her former behavior. Genuine submission, however, is an unlikely disposition for Katerina to adopt. A complete reformation becomes more improbable after an examination of the scenes surrounding her â€Å"taming.† Several of these episodes attest to excellence of her acting ability. This evidence suggests her ability to impersonate the character of a tamed shrew. Her dialogue during these moments of obedience seems to mirror the language Petruchio uses earlier to tame her, suggesting that Katerina emp loys Petruchio’s own dissembling devices against him. Even the nuances of her language, filled with double meanings, belie her supposed transformation.   Ã‚  Ã‚  Ã‚  Ã‚  Katerina first reveals her aptitude for deception as she and Petruchio head toward Padua for her sister’s wedding. When her husband falsely labels the daylight as the â€Å"bright and goodly shining† of the moon, she immediately protests (4.5.2). However, the moment Petruchio threatens her journey home, she begins to act. In order that she fulfill her desire to return home, she pleads that they continue and vows that â€Å"be it moon, or sun, or what you please; / And if you please it be a rush-candle, / Henceforth I vow it shall be so for me† (4.5.13-15). In saying this, Katerina promises to â€Å"vow,† or claim to believe, the truth of anything Petruchio alleges. However, she never promises to actually believe him. Instead, she agrees to act according to his game, a game that he himself qualifies. When contented by Katerina’s yielding, Petruchio declares â€Å"thus the bowl shall run,† invoking the image of a ball in the game of bowling (4.5.24). This image parallels to the game he stages in which Katerina is played toward at target of a woman tamed. However, she does not submit blindly to his intentions; she plays toward achieving her own goal of returning home.   Ã‚  Ã‚  Ã‚  Ã‚  Continuing to prove her aptitude for dissembling, Katerina plays along with Petruchio’s labeling of Vincentio as a maid in the following scene.

Mineral and Water Function

There are over 20 minerals you need to maintain a healthy diet. Some you may only need in small quantities, but major minerals require higher amounts such as sodium, potassium, chloride, calcium, phosphorus, magnesium, and sulfur (Grosvenor & Smolin, 2006, Chapter 9). Minerals have many functions and are essential to the body structure and the regulatory process that maintain life. We consume minerals from animals and plants. The iron content of meat is predictable because the iron is part of a protein in muscle that gives the meat its red color. In other foods, minerals are present as contaminants; where a food is grown and how it is processed can affect its mineral content. † (Grosvenor & Smolin, 2006, Chapter 9). Major sources of minerals are milk, eggs, meats, peas, fruits, cereals, whole grains, fish, and poultry. Water has numerous functions it performs in the body some of which include: moistening tissues, lubricating joints, regulating body temperature, protecting organs and tissues, helping prevent constipation, helping dissolve minerals and other nutrients to make them accessible to the human body, lessening the burden on the kidneys and liver by flushing out waste products, and carrying nutrients and oxygen to cells (â€Å"Mayo Clinic†, 2013). The depletion of water, dehydration, will have more rapid symptoms than any other nutrient deficiency in your body (Grosvenor & Smolin, Chapter 9, 2006). Body weight is about 60% water for the average adult. Water bathes the cells of the body and lubricates and cleanses internal and external body surfaces. â€Å"Watery tears lubricate the eyes and wash away dirt, synovial fluid lubricates the joints, and saliva lubricates the mouth, making it easier to chew and swallow food. Water resists compression so it cushions body compartments such as the joints and eyeballs against shock. The cushioning effect of water in the amniotic sac protects the fetus as it grows inside a pregnant woman. (Grosvenor & Smolin, 2006, Chapter 9). Water is an excellent solvent; glucose, amino acids, minerals, and many other substances needed by body cells dissolve in water. The chemical reactions of metabolism that support life take place in water. (Grosvenor & Smolin, 2006, Chapter 9). The general effects of dehydration are fatigue, muscle weakness, poor concentration, headaches, dizziness or lightheadedness, and decreased metabolism (â€Å"Functional Fitne ss Facts†, 2013). Mild to moderate dehydration can be treated easily and generally doesn’t cause permanent damage with preventable intake of water consumption. The consumption of water and minerals has great effects on everyday body functions. I have learn how cereal can be extremely beneficial for receiving nutrients we don’t normally get, especially me with my diet. If I implement cereal I will receive a lot of important nutrients. Secondly the many functions of water are important to our everyday expenditures. Sneezing, coughing, crying and cannot be done without water.

Power elites essays

Power elites essays Society is composed of two kinds of individuals, according to Mills. First kind is the majority of the ordinary people who do not have the power to govern the driving forces of society. The second kind is the power elite who have the power to rule the political, economic and military establishments, and create historical changes. Mills states that the old means of power such that family, religion and education have left their place to politics, economics and military. Each of these domains has become very interrelated, centralized and enlarged with improving technology. Economy, politics and military are increasingly interlocking and giving rise to the power elite that makes primal decisions in the modern capitalist society. Power elite is not simply composed of the ones who own the most money, power and prestige but it is also through having access to these pivotal institutions people can have power. So, power is not positioned in individuals but in institutions. People in power eli te form a social class that is defined as the inner circle of upper social classes with their interconnected relations. Upper strata in America is less visible than anywhere else because it has never passed through a feudal stage and never had an aristocrat class, so American elite emerged from a middle class with no aristocrat opposites. The elite in society are defined in humanist or moral criteria. According to humanists, people are elite because of their intrinsic characteristics. The moral conception mentions that the experiences and trainings of people make them elite. American elite are considered in two ways as being omnipotent or impotent. According to the view that elite is omnipotent, elite is the invisible agent of power. The opposite view that elite is impotent offers that elite is invisible because of its multitude characteristic and there is no coherency within elite. Within the nation two views are considered such that speaking about the pow...

Liberation

"Was there a missed opportunity for social revolution in France and Italy during and after the Liberation". For me to successfully answer this I would like to define what a 'social revolution' is. Marx defines social revolution as "a more or less rapid transformation of the foundations of the juridical and political superstructure of society arising from a change in it's economic foundations." (1) A revolution essentially is a sudden upheaval in society, which fundamentally alters the way, that society operates or who that society is run by. It occurs when the mass of the people desire change that their rulers are unwilling or unable to grant. It can not be the result of the action of a small group of plotters. It is also necessary to understand each countries position within the war and how they became involved. At the beginning of World War 2, Germany invaded Poland, causing France, Great Britain and Canada to declare war on Germany. In May 1940, Hitler's troops attacked the West of France. Then without encountering more than sporadically serious opposition, the German armoured divisions outflanked the Maginot line and raced through northern France. Paris was occupied on 14th June. Italy was dragged into WWII by the course of the events rather than a strong combat will. This feeling was shared with every Italian. Mussolini knew all too well that his country, just a few months after it's adventures in Spain and Africa, didn't have the strength to fight a new war. The Italian army was severely unprepared for any campaign as the defeats in Greece, Africa and Russia made clear. When the allies turned their attention to Italy with the invasion of Sicily, the people's rage went! over the top and after the conviction of Mussolini in July of 1943, Italy started discussing a secret armistice with the Allies. Italy never really surrendered, but just changed sides. It is very easy to fall into the tray of believing tha...

Discussion Movie Review Example | Topics and Well Written Essays - 500 words - 6

Discussion - Movie Review Example In color science and art, Seurat had great interest in dividing color into its components. Seurat understood that mixing colors would be imperative in producing natural colors. The idea of mixing colors relates to an optical mixture of technique that have the capability of producing original color of natural objects. Seurat achieved optical mixture by designing sketches that he finally used in painting the final picture. Sunday on La Grande Jatte art represents the impression of Seurat painting style. The art has an illusion of space through, which Seurat carefully manages between his objects in the art. Receding diagonal line within the art depicts illusion of space within Seurat paintings (Smarthistory 3:20). In addition, Seurat art represents classical, traditional painting with alternating shadows and light that gives the illusion of space. However, Seurat’s painting style represents ambiguity of class and time that existed in France. Ambiguity in Seurat’s painting of Sunday on La Grande Jatte was his idea to mix various social classes within the same art. Mixed class in the art results from the difference in quality of clothes (5:30). In addition, Seurat’s painting was different from what other artists believed in mainly due to his objects that never interacted within the art (Smarthistory 6:00). However, the classical and monumental nature of Seurat’s Sunday on La Grande Jatte painting received support from various artists and viewers. Sleuth discusses Van Gogh paintings, his life, and presumed madness in the art. The discussion presents Van Gogh’s art in three main parts. The first part of the discussion explores whether the art represents spontaneous product of madness. Van Gogh’s night landscape dates from 1889 when astronomy attracted enthusiasm. Spiral nature of the sky in Van Gogh’s starry night resembles a factual nebular as outlined in ancient

Sustainable Management Essay Example | Topics and Well Written Essays - 3000 words

Sustainable Management - Essay Example According to Hulme, â€Å"Climate change is a scientific and a moral issue.† The process of generating scientific consensus has been largely driven by the desire to communicate climate science to policy users and to construct knowledge’ (Weingart, 1999). However, in doing so, the uncertainties have been downplayed (Van der Sluijs et al., 1998). Who are the IPCC and what is their function, and what are major findings of their report on global warming? IPCC is the Intergovernmental Panel on Climate Change (IPCC) which is a scientific intergovernmental body and its main aim is to assess human-induced climate change, analyse its impact and provide options for adaptation and mitigation. The two major findings of its reports are --- firstly, climate change is unequivocal and secondly, the past and future anthropogenic carbon emissions will contribute to global warming resulting in rising sea levels. Global warming a consequence of the earth’s natural life cycle and has nothing to do with the emission of greenhouse gases? Discuss. Anthropogenic warming and rise in sea level would continue for centuries due to the impact of the Earth’s natural life cycle, even if the Greenhouse gas concentration stabilizes. Carter et al. (2006) suggest that climate is not driven primarily by human use of fossil fuels. Researchers believe that the perception that nature is a resource at our disposal is the factor which shapes our view towards exhaustion of resources. Further, Christiansen (1994a, 1994b, 1994c) argues that the formation of climate based institutions based on IPCC, suites the union of some political, scientific and business interests. To what extent do you agree with the Stern Report? Stern believed a rise of five to six degree of temperature may be a real possibility due to climate change. The Stern Report concludes that the benefits of early actions on climate change outweigh the cost of not acting. The report points towards the potential imp act of climate change on water, health, food production and environment. Some conclusions of the Stern Report can be justified, as not taking any steps to reduce climate change will definitely raise the cost of living. The report states the cost of not acting on climate change will be equivalent to at least 5% of the gross domestic product loss each year. What steps can organisations take reduce their carbon footprint? Organizations can reduce their carbon footprints by reducing carbon emissions through fuel combustion, transportation, process emissions and fugitive emissions. The carbon footprints can be reduced by reducing the consumption of fossil fuels, monitoring waste disposal, transportation and use of products. What are the main points in Peter Senge’s book â€Å"The Necessary Revolution†, chapters 1 and 2? Peter Senge’s book â€Å"The Necessary Revolution† (chapters 1 and 2) talks about a different kind of world where excess energy of one busines s can be used to heat another. The book imagines a world where the commercial buildings are regenerative and create more energy than they are using. The book imagines a world of sound products and processes where products are cost effective rather than wasteful. Corporations such as Cosco, Nike and BP,