Blaw Law of Tort Free Essays

Ngee Ann Polytechnic School of Business Accountancy Diplomas in ACC, BIT, BS, BFS IBZ Business Law LAW OF TORTSTUDENTS’ COPY Tutorial Questions Section B: Problem Questions (Use LAC format to answer, with supporting cases) 1. Last month, Raj bought a pair of Flying Eagle inline skates from his neighbourhood shop. Flying Eagle inline skates are made in a factory in Tampines owned by the Kang Brothers. We will write a custom essay sample on Blaw Law of Tort or any similar topic only for you Order Now Unknown to Raj, the particular model of inline skates had a manufacturing defect. Two weeks ago, while Raj was skating down the Bukit Timah Hill, the brakes on the skates failed, causing him to roll down the hill. Raj suffered multiple bruises on his head, elbows and knees and a fracture of his right wrist. Raj was hospitalised and was unable to work for three weeks as a part-time delivery boy at the Prata Hut. Required: a) Advise Raj whether he can successfully claim compensation under the tort of negligence. Legal principals Negligence is not doing something that a reasonable man would do, or doing something that a reasonable man would not do. A duty of care firstly requires factual forseeablility owed to any person whom we can reasonably foresee will be injured by our acts or omissions to test the remoteness of damage. It is also known as the ‘neighbour principal’. Secondly, there must be legal proximity based on the closeness and directness of the relationship between the parties, physical proximity or casual proximity. Lastly, there is a consideration of all policy matters applicable to the situation which might remove the duty of care which had been established. Whether or not the duty of care is breached determines on the standard of care expected from the person who owes the duty. Factors like the level of skill, likelihood of injury and seriousness of the injury are taken into consideration. The plaintiff must then show that he suffered damage or loss as a direct result of the defendant’s breach. This can be done using the ‘but for’ test, in which if the plaintiff would not have suffered damage but for the defendant’s negligence, then the negligence is a direct result and breach of duty of care. Application Flying Eagle owes its customers a duty of care to ensure that its skates are free of defects. It is factually foreseable that if the skates had defects, the person wearing the skates will eventually be injured. There is casual proximity involved as the skates were bought from a shop that sells Flying Eagle skates. Using the ‘but for’ test, Raj is most likely not to have suffered injuries if there were not any defects. Conclusion In conclusion, Raj is able to sue Flying Eagle for damages regarding his hospitalisation fees and loss of income. b) Discuss briefly whether it will make a difference to your answer if the medical report showed that the injuries suffered by Raj could have been less serious if he had worn a safety helmet, and protective pads while skating. Under the Contributory Negligence and Personal injuries Act, the plaintiff’s injury was partly contributed by his own fault. The court will apportion the liability between the parties. In Raj’s case, his injuries would have been less serious by wearing his safety equipment. Thus, the extent of injury was partly contributed by his own fault and he will not be able to claim as much compensation as compared to the first scenario. 2. Wanda was very unhappy with her boss, Glenda. After she resigned, she decided to vent her frustration by sending e-mails to her company’s clients and some of her colleagues that her boss is â€Å"a fraud and a tyrant who runs the company like an army regiment. † These statements are totally untrue and the company’s clients do not have a good opinion of Glenda anymore. In fact, since the e-mail started circulating, the company’s business has suffered badly. Required: a) Advise Glenda whether she will be successful if she sues Wanda for defamation. Legal principals Defamation occurs when a statement is published which leads to the lowering of a person’s reputation in the estimation of members of society. The accused must have made the publication with the intention to harm the reputation of the person defamed, and knows or believes that such injury will result. This constitutes as a criminal offence under the Penal Code (Chapter 224). However, under the law of tort, no intention needs to be proved,Damages are presumed to result from a libel (written statements) and no necessity to prove actual loss capable to being measured in monetary terms. Slander requires proof to special damage. For the statement to be considered as defamatory, it must be published and sent to any person other than the person who is the subject of the statement, untrue and effect of lowering a person’s reputation generally. Application Wanda is guilty for defamation because her statements were published in the form of emails and she had the intention to harm Glenda’s reputation as she was unhappy with her. Also, there were damages in the form of business loss and this is capable of being measured in monetary terms as well. Conclusion Glenda will be successful if she sues Wanda for defamation. b) What are the possible remedies available to Glenda in this situation? She will be awarded damages to compensate for the loss of reputation. The amount of damages may bbe aggravated by malicious motives and the prominence of both the plaintiff and defendant, seriousness of the libel and the manner and extent of the publication as well as the conduct of the defendant. Glenda can also seek an injunction to prevent the future publication of any defamatory matter and destruction of all defamatory materials published. How to cite Blaw Law of Tort, Essays

Ellen Moore Living and Working in Korea free essay sample

The Korean culture on the other hand uses indirect communication which makes it hard for western cultures to understand what is really meant or wanted. In addition, the Confucianism in the Korean culture teaches to show respect for teachers and superiors. Showing respect to a teacher/superior implies to not ask questions to avoid offending the speaker by implying that the teaching is not well done and that the group cannot follow the subject taught. In this case the cultural behavior of the Korean consultants is causing major problems. Since the knowledge of the Korean consultants is by ar not as enhanced as the knowledge of the American counterparts, Scott is trying to give the consultants instructions how to tackle certain problems and how to structure the project, but is not able to confirm if these instructions were understood or if more explanations are needed. In addition, this cultural behavior is reducing the consultants’ ability to openly communicate with their superi ors such as Scott, Ellen, Jack and the client and speak freely about concerns, questions or better solutions they might have. Another communication barrier can be recognized in regards to gender. In Confucianism the male-female relationship is equal to superior-subordinate relationship. This causes major tension in the communication between Ellen and Jack since his norms and values might have led him to devalue the authority of Ellen’s input. This might explain why he is holding meetings without inviting Ellen and his refusal to use Ellen’s memo she prepared detailing the progress during her absence. Since Ellen is not speaking the Korean language and needs to rely on a translator, her ability to manage the team effectively and her understanding of different nuances in the Korean language are decreased and sometimes even diminished. Missing language skills is the third major communication barrier in this case which becomes very apparent at the dinner when Jack makes a very passive-aggressive speech in Korean. When the translator stops translating (Jack told her so), Ellen is confronted with not only the language barrier, but also with the cultural barrier of the superior-subordinate relationship and has to confront Jack and tell him to speak in English in order to keep the threats against the translator minimal and to ensure that she can understand the speech going forward. Another challenge this team is facing is an unclear leadership and direction which is causing interruptions in the decision making process. The misalignment between Jack’s and Ellen’s instructions causes inconsistencies and insecurities in the team. The Korean consultants are not sure which orders to follow and due to the cultural familiarity with Jack and the high power distance in the Korean work culture, they are ignoring Ellen’s instructions. The decision making process is further slowed down by major cultural difference in regards how and how quickly project related decisions are made. The American culture is known for quick decision-making whereas the Korean culture has a very high uncertainty-avoidance. This risk avoidant culture is driving Jack’s decision to conduct further market research even if that is outside of the scope of the companies deliverables. Since Korea is a collectivist society in which group decisions are valued, his unilateral decision in regards to the market research suggests that he does not view Ellen as part of the group. The differing attitudes toward hierarchy and authority make it very hard for the American consultants to gage what the knowledge of the team is and how much is really understood. The American culture has a very low-power distance compared to the high-power distance work culture of Korean’s. This is minimizing the knowledge and idea exchange which is very critical especially in consulting projects. Another major challenge is the missing group development. The Five Stage Model describes the first of these stages as the forming stage where team members get a feeling of how they fit into the team and what their responsibilities and tasks will be. Due to the constant disagreements and power struggles between Ellen and Jack, the group building process is majorly interrupted. No trust can be built between the team members and the leaders and will eventually cause the failure of the project. The last challenge is the low emotional and cultural intelligence in the group (EQ and CQ). In order for all members of the group to feel comfortable around the other members of the team, trust has to be developed and a sense of group identity and group efficacy has to be established. This would convey the efficiency and productivity of the team and the awareness of cultural differences. In this case, Ellen destroys the chance to get closer to an integrated group when she interrupts Jack during a meeting and makes him â€Å"lose his face† in front of his subordinates. In the Korean culture this is a huge sign of disrespect and she will be not able to regain trust or authority without any intervention from the management team. Q2: The 1st alternative would be to remove either Jack or Ellen from the team. Ellen’s removal would appease the Korean hierarchy and would give the team a unified leadership under Jack. Nevertheless, removing Ellen from the team would challenge the successful completion of the project since her expertise and experience is needed. Even if a suitable replacement for Ellen could be found, the person would need time to get up to speed and additional expenses would be occurred for the relocation package of the new person and a severance payment or relocation package for Ellen who would need to move to another project which most probably would be in a different country. This could possibly damage Andrew’s leadership and reputation. On the other hand, removing Jack from the project team would not be received well by the Korean consultants and the management team and the cultural differences would increasingly prohibit the project from succeeding. The 2nd alternative would be to keep status quo and leave the team as it is and let the situation take care of itself. The assumption here would be that Ellen has adjusted to different cultures in prior assignments and might be the best person to get the team back on track. The advantage of this solution would be that no initial cost is required and everybody continues in their role without major interruptions. The drawback with this solution is that this alternative is very risky. The team has already reached a point where action needs to be taken. The work environment and the tension between Ellen and Jack did not improve over the last weeks and additional resources will be needed to keep the project on track. The ultimate alternative in this case is to restructure and redefine the team. Ellen should be the sole team leader in regards to tasks, deadlines and milestones. Jack should be assigned to a specialized role on the consulting team, so that on the one hand his technical expertise is still available if needed, but on the other hand his control as a leader is decreased significantly, so he cannot interfere with the work flow of the team anymore. In order to make the restructuring of the team successful, Ellen should address the above mentioned challenges one by one, to ensure the highest possible success rate. In order to address the communication issue and the high-power distance work environment, she should establish an nvironment, where team members can anonymously state their opinion, ask questions or introduce new solutions to problems the team is currently facing. This could be established by creating an anonymous drop box (physically or digitally) which would be read daily by Ellen and topics submitted would be discussed during the meetings. For certain specialized tasks, subgroups should be created to make sure the high-power distance wo rk environment can be decreased and different viewpoints and ideas can arise from free discussions. This solution will improve team functionality and eliminate time lost on tasks not related to the project, preventing further delays. Furthermore Ellen would need to make the team aware of the cultural differences and try to make the team find common solutions which are acceptable to everybody (Adaption). Commonly agreed on procedures for office behavior or approval processes will make it easier for the employees to follow rules and to work efficiently. Team building sessions will be required to brainstorm team values, individual roles and decision making processes. This will eliminate the disconnect between leadership and subordinates while accelerating the group development. The demotion of Jack out of a management position will be potentially damaging to his reputation but will be counteracted by his new role as a specialized consultant with technical experience. The additional costs associated with the recommended solution are minimal. Nevertheless, gaining the buy-in of the Korean management team will be difficult. If the proposed solution does not work due to the missing of the Korean management team, Andrew would need to assume this position by himself.

The Universal Lessons of Oedipus the King Essay Example

The Universal Lessons of Oedipus the King Paper The Universal Lessons of Oedipus the King Oedipus the King is a dramatic tale of a great king brought down by â€Å"fate† and the destiny of the gods. It is a story of strife over events that were out of one’s control but mainly handled in a way that only caused further destruction and heartache. There are many universal lessons to be learned by Oedipus and his tragic story; lessons that every man today could benefit from, such as the downfalls of arrogance and selfishness, the grave mistakes in being judgmental and sanctimonious, and the repercussions of being quick to act without sufficient knowledge. Now, I am here. I will begin the search again, I will reveal the truth, expose everything, let it all be seen† (160-163). This line spoken by Oedipus toward the start of the play clearly demonstrates his tendencies toward arrogance and insolence. He boasts of his abilities above others previous and states how he will come to find the truth when they could not. He g oes on to reveal that he is doing so mostly for selfish reasons. â€Å"Justice and vengeance are what I want. [†¦] Family, friends—I won’t rid myself of this stain, this disease, for them—they’re far from here. I’ll do it for myself, for me† (165, 167-169). Oedipus allows his selfish ego to get in the way of him here. The people are in need of help and he claims to be the only one who can provide it. He takes matters into his own hands and decides that for his own glory he is going to discover the secrets of the past and lives before his arrival in Thebes. He then reveals that he is doing so mostly for his own benefit. I think he proves himself haughty in his claims to be able to uncover the truth and such actions and attitude prove to be met with unpleasant ends. We will write a custom essay sample on The Universal Lessons of Oedipus the King specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Universal Lessons of Oedipus the King specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Universal Lessons of Oedipus the King specifically for you FOR ONLY $16.38 $13.9/page Hire Writer After Oedipus makes these bold claims that he and he alone can uncover the culprit he seeks, he compiles his mistakes by being smug and quick to judge. He proclaims his unquestionable innocence and quickly denounces whosoever is the guilty party. â€Å"I know nothing about the murder, I was alone, how could I have tracked the killer, without a clue, I came to Thebes after the crime was done. [†¦] these words come from and innocent man. One of you knows who killed Laios (294-296, 298-299). After quickly announcing his own innocence, Oedipus goes on to condemn the guilty. My power is absolute in Thebes, my rule reaches everywhere, my words will drive the guilty man, the man who knows, out of this city, away from Thebes, forever. [†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦] Drive him from your homes. Let him have no home, nothing. No words, no food, shelter, warmth of hand, shared worship. Let him have nothing. Drive him out, let him die. He is our disease. [†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. ] let my hatred burn out his life, hatred, always. Make him an ember of suffering. Make all his happiness ashes (313-315, 324-327, and 335-338). Oedipus publicly makes these statements, arrogantly exiling the culprit, all the while ignorantly condemning himself. Once he states his ability to be the only savior of Thebes and promises to weed out the â€Å"disease† of the city, Oedipus wraps himself too far up in his own boastful quest that he cannot even see when other are trying to turn him off his path of self destruction. Teiresias warns Oedipus that his pursuance of the past will only bring him sorrow but he ignores these warnings, forcing Teiresias to speak. â€Å"Stubborn old fool, you’d make a rock angry! Tell me what you know! Say it! † (449-450). Jocasta, his wife, even begs Oedipus to leave these pursuits once she learns the travesty of the truth and Oedipus ignores her as well. JOCASTA. Oedipus, you must stop. I beg you—stop! OEDIPUS. Nothing can stop me now. I must know everything. Everything! JOCASTA. I implore you, Oedipus. For your own good. OEDIPUS. Damn my own good! (1329-1334) Oedipus does exactly that. He damns his own good by being overtaken by his selfish arrogance, self-righteous judgment, and his quick action in ignorance. Oedipus turns out to be the murderer he seeks. He unknowingly is the â€Å"disease† he speaks of expelling from the city. All of these events come together to reinforce age-old life lessons. One should never bask in his own abilities and be boastful of his capabilities, but rather be humble and hardworking towards any success. One should not be quick to judge others when they are ignorant of the facts. This also reflects the saying, â€Å"people in glass houses shouldn’t throw stones. † Oedipus was unknowingly living in a giant glass house that inevitably came crashing down on him. He mocked the blind Teiresias, just to end up blind himself in the end. He slandered his own name by slandering that of a culprit he sought out. He condemned his own life by condemning another. He didn’t heed the advice of others but instead pushed on his own selfish path to what unknowingly led to his demise. The lessons of Oedipus are truly universal. What one wishes to receive, one should give. People should act with compassion and understanding and be sure to have all the facts before making judgments. Selfishness will only lead to loneliness and despair. In the end, though Oedipus’ tale is more dramatic than most modern day situations, one could end up exactly the same as he if they do not heed these lessons. Nothing, nothing is left of me now—no city with its high walls, no shining statues of the gods. I stripped all these things from myself—I, Oedipus, fallen lower than any man now, born nobler than the best. Born the king of Thebes! Cursed with my own curses, I commanded Thebes to drive out a killer. I banished the royal son of Laios, the man the gods revealed is stained with the awful stain. The secret stain that I myself revealed is my stain. And now, revealed at last, how could I ever look men in the eyes? Never. Never.

Scott Kelly, Astronaut Who Spent a Year in Space

Scott Kelly, Astronaut Who Spent a Year in Space On March 2017, Scott Kelly, astronaut, blasted off to the International Space Station (ISS) on his fourth flight to orbit. He spent a year aboard, racking up a record total of 520 days in space over his career. It was both a scientific and personal achievement, and his time on orbit continues to help scientists understand the effects of microgravity on the human body. Fast Facts: Scott Kelly Born: February 21, 1964 in Orange, New JerseyParents: John and Patricia KellySpouses: Leslie Yandell (m. 1992-2009) and Amiko Kauderer (July 2018-present)Children: Charlotte and Samantha (with Yandell)Education: United States Merchant Marine Academy, University of Tennessee (MS)Published Works: Endurance: A Year in Space, My Journey to the Stars, and Infinite Wonder: An Astronauts Photographs From a Year in SpaceAccomplishments: Spent a year in space as part of the Twins Study of long-term effects of microgravity on humans Early Life Astronaut Scott Joseph Kelly and his identical twin brother Mark (who also served as an astronaut) were born on February 21, 1964, to Patricia and Richard Kelly. Their father was a police officer in Orange, New Jersey. The twins went to school at nearby Mountain High, graduating in 1982. During high school, Scott trained and worked as an emergency medical technician. From there, Scott went to college at the University of Maryland in Baltimore. In his memoir Endurance: My Year in Space, a Lifetime of Discovery, Kelly wrote that his early college years were difficult, and he lacked direction in his studies. By his own admission, his high school grades were bad and his SAT test scores werent impressive. He wasnt sure what to do with himself. Then, he picked up a copy of Tom Wolfes The Right Stuff and the words he read impressed him deeply. I felt like I had found my calling, he wrote about that time in his life. I wanted to be a naval aviator...The Right Stuff had given me the outline of a life plan. To pursue that plan, Scott transferred to the New York Maritime Academy, where his twin brother Mark was already attending college. He graduated in 1987 with a degree in electrical engineering and went on to earn a masters degree in Aviation Systems from the University of Tennessee. As a commissioned officer in the U.S. Navy, Kelly attended flight school in Pensacola, Florida, and later flew jets at various duty stations. In 1993, he attended Naval Test Pilot School at Patuxent in Virginia, and over the course of his career amassed more than 8,000 hours of flying time in dozens of different aircraft in both land and carrier landings. Astronauts Scott Kelly (right) and Mark Kelly (left) in an interview about their work with the Twins Study and as astronauts. NASA   NASA and Dreams of Flight for Astronaut Kelly Scott Kelly and his brother Mark both applied to become astronauts and were accepted in 1996. Scott was trained in caution and warning systems for the ISS. His first flight was aboard space shuttle Discovery on STS 103, a Hubble Space Telescope servicing mission. His next assignment took him to Star City, Russia, where he served as Director of Operations there for joint Russian-American flights. He also served as backup for crew members on several ISS missions. Due to the Columbia accident in 2002 (for which he flew search and recovery operations), flights were postponed until NASA could investigate the causes of the tragedy. Scott next worked as the Astronaut Office Space Station Branch Chief in Houston before doing a stint on the NEEMO 4 mission. That underwater training laboratory in Florida was developed to study the similarities between living in space and underwater for long periods of time in enclosed quarters under simulated space conditions. Kellys next two flights were to the International Space Station for STS-118, and Expeditions 25 and 26, where he worked for several months. He participated in installing instruments for the station, as well as a variety of science experiments. Astronaut Scott Kelly in the cupola section of the international Space Station. NASA Scott Kelly and the Astronaut Twins Experiment The final mission for Scott Kelly was part of the famous Twins Study. For that, he spent nearly a year in microgravity while his brother Mark, who is now a retired astronaut, stayed on Earth. Scientists devised the experiment to study the effects of prolonged microgravity on Scott, and compare changes in the two over the course of the mission and beyond. The study also provided valuable information about how astronauts living and working in space on long-term voyages to the Moon and Mars can be affected. The mission began for him on March 27, 2015, when he blasted off from Earth with Russian cosmonaut Mikhail Korniyenko. Kelly was on for two missions and was commander for the second one. He returned to Earth on March 11, 2016. In addition to the Twins Study, Mark worked with Russian colleagues aboard the station and was commander for the mission during part of his stay. He traveled to and from the station aboard a Russian rocket and capsule. Among other activities, Kelly performed an extravehicular activity with fellow astronaut Timothy Kopra to repair a mobile transporter aboard the station. He also did an EVA with Kjell Lindgren to service several parts of the station, including the Canadarm 2 and installation of docking equipment for future missions by SpaceX and NASA crew vehicles. Scott Kellys personal living quarters aboard the International Space Station were quite small and include a sleeping and personal work area.   NASA The ongoing research into changes in both men has uncovered some significant effects of space flight. During his time in on orbit, Scott grew two inches in height due to weaker gravitational pull on his skeleton. Upon return to Earth, his skeletal structure returned to nearly the same as it was before the mission. Genetically, the men remain the same, but scientists noted some ways that his bodys gene expression had changed. This is not the same as his actual genes changing, but has more to do with how they prepare the body to respond to changes in the environment. In addition, Scott participated in research to help doctors understand why astronaut eyesight can change drastically over time in space. He, like many other astronauts, noted a distinct change in mental viewpoint and also how personal relationships are affected by lengthy stays in space. Kelly noted that one unique aspect of the mission was that time on the station flowed at a slightly different rate than it did for his brother on Earth. It made him slightly younger than Mark and medical scientists are still assessing the effects of his trip on his body. He wrote that his part as a scientific lab rat never ends. I will continue to be a test subject for the rest of my life, he wrote. I will continue to participate in the Twins Study as Mark and I age...for me, its worth it to have contributed to advancing human knowledge, even if its only a step on a much longer journey. Personal Life Scott Kelly married his first wife, Leslie Yandell in 1992 and they had two daughters, Samantha and Charlotte. The couple divorced in 2009. Kelly married his second wife, Amiko Kauderer, in 2018. Scott Kelly retired from NASA in 2016 and has worked with the United Nations Office for Outer Space Affairs since that time. The memoirs of his time in space were published in 2017, and he spends time giving public talks about space and space travel. Ive been traveling the country and the world talking about my experiences in space, he wrote. Its gratifying to see how curious people are about my mission, how much children instinctively feel the excitement and wonder of spaceflight, and how many people think, as I do, that Mars is the next step. Honors and Awards Scott Kelly received many medals and much recognition for his work, among them the Legion of Merit, the Navy and Marine Corps Commendation Medal, the NASA Distinguished Service Medal, and the Medal for Merit in Space Exploration from the Russian Federation. He is a member of the Association of Space Explorers and was one of Time Magazines Influential 100 in 2015. Sources Kelly, Scott, and Margaret Lazarus Dean. Endurance: My Year in Space, a Lifetime of Discovery. Vintage Books, a Division of Penguin Random House, LLC, 2018.Mars, Kelli. â€Å"Twins Study.† NASA, NASA, 14 Apr. 2015, www.nasa.gov/twins-study.Mars, Kelli. â€Å"NASA Twins Study Confirms Changes to Mark Kellys Genes.† NASA, NASA, 31 Jan. 2018, www.nasa.gov/feature/nasa-twins-study-confirms-preliminary-findings.Northon, Karen. â€Å"NASA Astronaut Scott Kelly Safely Back on Earth after One-Year Mission.† NASA, NASA, 2 Mar. 2016, www.nasa.gov/press-release/nasa-astronaut-scott-kelly-returns-safely-to-earth-after-one-year-mission.â€Å"Scott Kelly.† Scott Kelly, www.scottkelly.com/.

Derivatives and Alternative Investments Assignment

Derivatives and Alternative Investments - Assignment Example First, if management understands about the corporation’s risks better than shareholders, the corporation, not its stakeholders, can hedge. Subsequent, corporation could be capable to hedge at a lower cost. Corporate hedging can be justified if default costs are significant, since it reduces the possibility of default (Johnson, 2010). Lastly, if the corporation encounters progressive taxes, it can decrease tax accountabilities by hedging which steady corporate earnings. To calculate the appropriate number of bonds and equity futures that should be sold the following are considered and done. Bond estimation is a technique used to establish the predictable trading price of a bond. The anticipated trading value is computed by adding the total of the current values of all coupon costs to the current value of the par value (Johnson, 2010). German federal state bonds with a minimum issuing volume of EUR 1 billion. FDAX = opening price 8,218.50 Low price 8,164.00 High 8,259.00 Daily s ettlement price 8,197.50 Bond face value = â‚ ¬ 1 000 000 000 Annual coupon rate = 3.723% Maturity in years = 1 year Market interest rate = 7.2% Future Bond Price = 3.723% * 1000 000 000 * 1-(1+7.2%)-10/7.2% + 1000000000/ (1+7.2%)10 =32,230,000*6.94 +1000000000/2.004 =223676200+499001996 =â‚ ¬ 722,678,196 Future Equity Present value = â‚ ¬50,000,000 Question 2 Interest rate swap amount = â‚ ¬5,000,000 Term: 5 year fixed rate payer The risks of the interest rate swap To explain the risks of the interest rate swaps position taken by the European asset manage the following are considered. In addition, the possibilities of hedging the scenario are also explained. Management decisions relating to a bank’s interest rate risk challenge should consider the risk or reward swap of interest rate risk positions. This is why the trade-off, in form of interest rate swaps, is necessary in this scenario (Corb, 2012). Management must compare the possible risk such as impact of unp leasant rate actions of an interest rate risk situation or approach against the possible reward (impact of positive rate movements).To assess the potential impact of interest rate danger on a corporation’s operations, a well-managed company will reflect on the affect on both its incomes (the profits or accounting viewpoint) and fundamental economic worth (the capital or economic perspective). Both perspectives must be evaluated to establish the full scope of a corporation’s interest rate risk vulnerability, particularly if the company has significant long-term or multipart interest rate risk positions (Corb, 2012). The current situation warranty interest rate swaps consideration so as to avert too much risk exposure. An interest rate swap is an accord by two entities(the European asset corporation and the central Bank) to swap or exchange floating rate interest compensations for fixed rate interest compensations and vice versa. It is significant for the European asset manager to appreciate that swaps are between corporations and not between personal investors; however, the outcome of these swaps may influence his/her job activities or the cost he/she may pay for a bond. The most ordinary kind of swap is a vanilla exchange in which fixed rate interest compensations are swapped for floating rate interest payments according to the London Interbank Offered Rate (LIBOR) (Corb, 2012). The London Interbank Offered Rate is the interest rate that financials institutions with high credit ratings from ratings organizations charge one another for

Festivals of Greece & Rome Essay Example | Topics and Well Written Essays - 750 words

Festivals of Greece & Rome - Essay Example The Romans theatre history shows that they had several problems especially the stage craft and the imbalanced concept of drama with stage performances. As a result the stages in the beginning were constructed based on Greek models. In fact the concept of drama was introduced to Romans only from the Greeks. In this instance Romans stand next to the Greeks not equal to Greeks. The Greeks have a mythological background for all its religious festivals. Greeks’ strong faith in the supremacy of God is evident from the worship of each God and the reason they associate with their Gods. They honored their Gods through these festivals and had a faith that they could be punished in terms of earthquake or war if they don’t honor Gods. A festival according to both Greeks and Romans is not only for them but also for other visitors and participants from other countries to take part in competitions and contests. Especially sports, music and games. The course of the festival is declared as holiday. Greeks declare their festivals honoring their Gods such as Zeus, Olympia, Hera, and Dionysus who symbolize health, fertility, vegetation etc. The Greeks looked at their Gods as personifications of spring and periods. Where as most of the Roman festivals are celebrated during summer. Women were treated with equal importance as a result a special festival is organized for women honoring the Goddess Olympia, where sports events were conducted for women. The Panathenic festival in honor of the Goddess Hera, contained contests for singers, poets and playwrights. The Athens festival was considered as the most interesting event of the year, where series of operas, symphonies and ballets were performed at the theatre of Herodes Atticus. The influence of Greek drama could be seen in all the plays of all the times. Greeks performed plays in other religious festivals also especially the Church quoted dramatic scenes to explain religious

Management of Information systems Unit 5 Essay Example | Topics and Well Written Essays - 500 words

Management of Information systems Unit 5 - Essay Example Pure play companies are able to focus their investments on their on-line storefronts than brick-and-mortar companies, and positive shopping experience is a come-on for the generation of repeat business. These online retailers enjoy reduced unit operating costs, and lower levels of customer acquisition costs. A transactional database is a transaction-based, relational database with a normalised table. It is highly volatile and designed to maintain transactions of the business with immediate updates. Transactional databases also allow for online transaction processing, and thus maintains functional data. In the case of Overstock, the overload on their systems has forced them to suspend internal applications and use their capacity to accommodate the main sales transaction function. For this reason, managers could not make real-time inquiries. This is not advisable because in an online sales business such as Overstock, management must be informed at all times about the volume and nature of transactions in real time, so that they may make informed decisions as soon as possible. Transactions occurring over the internet are still legally binding contracts, and Overstock might commit itself in sales transactions that it might not be able to fulfil. In pure play businesses, close monitoring in r eal time is essential. With the increased investment in hardware, software and database technology, and with the additional complement in skilled labor, management is able to do faster real-time analysis of sales transactions, monitor volume movement of products, and check current inventory levels. Managers can thus make spot decisions concerning critical issues that require immediate resolution. Furthermore, the inclusion of warehoused data capability could provide invaluable collated data over a period of time, for the purpose of managerial decision making. According to the facts of