CIBN Essay Example | Topics and Well Written Essays - 250 words

CIBN - Essay Example Admitting the importance of negotiability, the convention has made a difference between the statuses of holder based on the limitation of his rights. Hence, the rights of a protected holder are freed from claims and defences to a greater extent. The article 45 of the convention gives warranty for an instrument in the case of transfer that it does not bear any unauthorized signature and it has not been materially altered. The convention introduces many beneficial provisions. It permits an instrument to bear an interest at a variable rate in accordance with the provisions mentioned in the instrument and in relation to reference rates published. However, Uniform Commercial Code does not insist payment of interest unless it is an interest-bearing instrument. It also allows reference to a foreign exchange rate such as a bank exchange rate at a certain date in a certain place. The convention also allows payment in installments at successive dates. The convention has a provision to make pay ments in unit of value other than the currency.

The law of media publicity contempt is obviously broken. The problem Essay

The law of media publicity contempt is obviously broken. The problem is that there is no better system that might reasonably su - Essay Example A strict implementation of prohibition laws such as the 1987 Act tend to clash, however, with certain basic human rights such as freedom of the press and the right to information. On top of this, advances in communication technology and the advent of globalisation make it doubly hard for authorities to fully impose sanctions on recalcitrant press and bloggers. Nonetheless, it would be wrong to say that the UK law on media publicity contempt is totally broken and that there is nothing that can be done about it. On the contrary, the UK media publicity contempt system has proven to be comparatively effective than those of other jurisdictions and the present state of the law presents a more mature approach in balancing between freedoms and obligations. State of the Law Media Publicity Contempt English media publicity contempt is governed primarily by the Contempt of Court Act 1981. It is a strict liability rule that does not take into consideration intent as an element in finding a verdi ct of guilt or absence of it and applies to publications, which include speech, writing and all other form of communications, addressed to the public. The strict liability rule applies only in the following cases: when publications create substantial risk in the obstruction or prejudice of judicial proceedings, and; the proceedings are active, as defined in Schedule 1 of said law. Schedule 1 describes an active proceeding, whether criminal or appellate, as the period from the time of a proceeding’s initial steps to the time of its conclusion, with initial steps including the arrest of the accused without warrant, the issuance of a warrant of arrest, the issuance of summons, the service of indictment or similar documents or oral charge. The conclusion stage of a proceeding includes the acquittal or any other verdict, which ends the proceeding or the discontinuance of the proceeding or by operation of law.1 The British law on media publicity contempt arose out of the 1820 case of R v Clement 2 where the Observer newspaper was fined ?500 for featuring a series of report on an ongoing trial. The case involved the trials of Cato Street conspirators who were then charged of treason for conspiring to kill members of the British Cabinet. The Observer was faithfully detailing the trials to the chagrin of the Government who was trying to conceal its substantive and procedural lapses. The newspaper’s editor was charged and tried in absentia for contempt for disregarding a court gag order. His subsequent appeal, which was also heard by almost the same judges who decided against him in the lower court contrary to the principle of natural justice, was dismissed.3 Since 1931, however, a â€Å"scandalising the court† case, or a case where the charge involves bringing down the authority of the judge or court through an act or publication, has not been successful in this jurisdiction.4 The 1981 Act came about as a result of the European Court of Human Right s (ECHR) decision in the case of The Sunday Times v United Kingdom5 where the newspaper featured a series of reports about the drug thalidomide that caused women to give birth to deformed babies during the pendency of the negotiations of settlement between

Helen Of Troy Analysis

Helen Of Troy Analysis In this essay, we analyze and compare the icon of beauty, Helen of Troy in one historical source as well as one contemporary source. More specifically, we refer to William Butler Yeats poem, No second Troy and Wolfgang Petersens movie Troy. We compare the symbol of Helen in these two sources in terms of intertextuality, polyphony and ideology. In the following part of the essay, we first give a brief background of the ancient myth of Helen; then we compare the poem No Second Troy and the film Troy in three aspects; finally, we give a conclusion of our analysis and comparison. Background Helen, also known as Helen of Troy and Helen of Sparta, is a mythological figure in ancient Greece. Her myth finds its origin in the Mycenaean age and the name Helen was first shown in Homers poem. According to most prehistoric myths (e.g., Iliad and Odyssey), She was born in Sparta and was the daughter of Leda, queen of Sparta, and Zeus. Ovids Heroides indicates that Helen spent her youth in Sparta and had the classical physical education, such as practicing arms and hunting. When Helen came to her marry age, a number of kings and princes all over the world were enchanted by her beauty and sent in precious gifts to court her. In order to select an ideal husband for Helen without offending other suitors, Odysseus suggested to let all the suitors swear not to retaliate the chose one. In the end, Menelaus became Helens husband. After several years of their marriage, the young Trojan prince, Paris, came to Sparta for diplomatic reasons. Previously, Zeus asked Paris to claim the most bea utiful goodness and Aphrodite promised him the most beautiful woman. Paris then chose Helen of Sparta. Some historical sources state that Helen was abducted by Paris to Troy, while others claim that she was willing to follow Paris and to leave Menelaus. The abduction of Helen became the direct cause of the war between the Trojan and the Greek. The English dramatist Christopher Marlowe depicted Helen as having a face that launched a thousand ships. In Iliad, Helen actually regretted to run away and gradually discovered that her lover Paris was not as brave and capable as his brother Hector at all. The descriptions of Helen in the Trojan War were ambiguous and usually conflict each other. After the fall of Troy, Helen returned to Sparta and was back to live with Menelaus, as stated in Odyssey. Yet in the play Orestes, Helen left the mortal world and was taken to Olympus. William Butler Yeats (1865 C 1939) was an Irish poet, who was awarded the Nobel Prize in Literature in 1923. Yeats met Maud Gonne, an Irish nationalist in 1889 and ever since then, she became a major subject in Yeats poems. No Second Troy was approximately written around 1908 and it indeed refers to Maud Gonne. Troy, the epic war film directed by Wolfgang Petersen in 2004, was adapted from Homers great poem The Iliad. The film basically follows the story line in Iliad and re-presents the grand scenes in the Trojan War. It mainly features the characters of Achilles, Hector, Paris, Agamemnon, Menelaus and Helen. Analysis and Comparison Intertextuality Intertextuality refers to the relationship of one text to other similar texts, which shows the interaction among different sources. Both the film Troy and the poem No Second Troy are mainly based on the description of the Trojan War in ancient Greek myths and Homers Iliad, yet they all make adaptations to express different emotions. Yeats used the story of Helen as a background of his poem. The content of the poem is consistent to the mythology history in terms of its literal description that beauty causes a crucial war (Have taught to ignorant men most violent ways, With beauty like a tightened bow). However, in the original story, Helen was involved in the Trojan War and she regretted her decision when seeing so much death and sadness caused by the war. Since Yeats intended to compare the symbol Helen to Maud Gonne, Helens character in his poem was changed to fit in with Maud Gonnes personality. In Yeats poem, Helen takes initiative in the war and uses her beauty to her advantage ( Was there another Troy for her to burn?). The readers can clearly feel her determination and perseverance (Being high and solitary and most stern). Troys plot also has several obvious deviations from the book. Firstly, the Gods are not introduced into the film. While in Homers writing, the Gods actually played a key role in the Trojan War. For example, Poseidon supported the Greeks and Aphrodite was on the Trojan side to protect Paris. The omission of Gods makes the characters look more realistic thus become closer to our life and easier to understand; but on the other hand it cannot present a clear origin and history of each character. Secondly, in Iliad, later Helen discovered Paris cowardice when he dared not to fight to death with Menelaus and disgusted his behavior; while in Troy, the love between Helen and Paris was pure and sweet all the time. Indeed, Helen was even glad that Paris gave up fighting to save his life. Such adaptation is common in the context of intertextuality. These texts are built upon each other but they each serve different purpose and convey complex feelings. In our case, Yeats changed Helens character to show his sorrow caused by Maud Gonnes rejection and nationalism; Wolfgang changed Helens feeling for Paris to makes his character as well as their love more pleasant to the audience. Polyphony In music, polyphony refers to music consisting of different independent melodic voices. Borrowing this concept to literature, we define a text as polyphony if it organizes diverse points of view and voices. In No Second Troy, Yeats expressed both praise and criticism for Maud Gonne in the name of Helen. Before the poem was written, he had proposed to Maud for four times in total, starting from 1891, then 1899, 1900, and finally in 1901. Unfortunately, she refused to marry Yeats repeatedly. While Yeats was in deep sorrow because of his unfruitful love, he understood such behavior was rooted in Mauds nationalism and feminism (Why should I blame her that she filled my days / With misery, or that she would of late). Maud Gonne was a famous female revolutionist in Ireland. She wanted to resist British colonization and liberate Ireland; in order to achieve this goal, Maud took active part in campaigning for nationalism in Ireland. Maud is an unusual woman who does not want to enjoy in a pe aceful life with husband and children; she devoted herself to revolutionary activities in Ireland. It is her beauty as well as her determined character that attracted Yeats (That is not natural in an age like this, / Being high and solitary and most stern?), but her ardency in revolution also resulted in their lasting turbulent relationship, the source of Yeats sorrow. In the film Troy, the Trojan people, especially Priam and his royal families had mixed feelings for Helen as well. When Helen was first brought to the palace, Priam looked very kind and welcomed her warmly. Nevertheless, when later he was alone with Hector, he blamed him for allowing Paris to take her home. We can see that on one hand, as a father, he was glad to have such a gorgeous daughter-in-law; on the other hand, as the king of Troy, he did not want to see his country involved into a war. When they got married, the Trojan people gathered around to have a look at their beautiful princess; but later when the war b egan, Helen was blamed for all the subsequent death and sufferings. In reality, people usually do not have a pure and definite feeling for a person or some things, thus in literature, some works do not maintain a single voice and express opinions in several different angles. Helen is undoubtedly an icon of beauty, yet at the same time there are sins underlying such beauty; people also remember the tragedies induced by her. Ideology Ideology is one of the most important concepts in cultural studies. It represents a system of beliefs, and influence the way people think. Ideology forms the political and social relation in a society. The two sources in this essay show different ideologies in two distinct periods and places in human history. To understand Maud Gonne/Helens character in No Second Troy, first we need to review the dominant ideology in Irish society, which is based on conservative, capitalistic Christianity. Therefore, womens traditional role is defined as mothers and wives. They play a minor role in political and social activities, such as social reforming and the Irish revolution. Under this circumstances, Maud was an unusual women in her time (That is not natural in an age like this) and always bore a mind of resurrection; she was not controlled by the tradition in her society, but persisted in fighting for the freedom of Ireland and tried to stimulate high spirits among Irishmen. She cofounded the nationalist organization, Daughters of Erin and after turning down Yeats proposal several times, she married a fellow activist, Maj. John MacBride. In the movie Troy, the story of Helen happens in ancient Greek and Sparta. Its social ideology is indeed similar to that of Mauds society in terms of womens role. In the gender-stratified society at that time, women were usually powerless and can only subordinate to men. Helen, as an especially beautiful woman, was put in an even more disadvantageous situation, since her beauty was used by men and became her burden. Being a possession of men, she had no control over herself. In the movie, we can see that Helens destiny is much bound with the man she was with. In Sparta, Agamemnons rule resulted in a loose alliance since Achilles held a different ideology which is conflict to the dominant one and he always wanted to fight for his own. Under this fragile regime, Helen had a weak character and lacked conviction, thus she was easily persuade d by Paris to run away her husband and country. In Troy, Priams rule represents a good dominant ideology. People live in a harmonious society. During the war, Prince Hector encouraged his people to focus on the future of Troy instead of personal interests. In Priams family, Helen felt warmth, saw sacrifice and gradually she learnt to care for others. In history, womens personality is often defined by the political affairs at that time. In No Second Troy, Helen initiated the war and had clear aims; in Troy, Helen was involved in the war and failed to prevent the tragedy. Conclusion The two sources No Second Troy and Troy are both based on Iliad and other Greek myths about the Trojan War. The major story line is the same in both materials, with subtle changes tailoring to the audience and purpose of the material. The two works also show a mixed feeling for the character Helen. People admire and love her beauty but also regard her as the source a trouble in the terrible war. In addition, the figure Helen in Yeats poem and the film represents two opposite characters. In No Second Troy, Helen / Maud Gonne has a strong personality. She is open-minded, resistant, and unwilling to obey the tradition. In Troy, Helen is described as a subordinate to the men loved her. She is weak, following the flow and cannot take responsibilities. The two disparate personalities are mainly formed by the social and political status at that time. Although in both No Second Troy and Troy, women play a minor role in forming the trend of the society, Helen in Troy did not realize the right s of women and was totally helpless among mens politics and wars, while Helen in No Second Troy is not content to follow mens order and act as a good lady. Instead, she took her steps and fight for freedom for her people and country.

Buffalo Bill Essays -- essays research papers

Buffalo Bill   Ã‚  Ã‚  Ã‚  Ã‚  William Frederick Cody, also known as Buffalo Bill, was born into an anti-slavery family. He had a rough childhood, but despite this hardship he grew up to be an adventurous wild west showman, and achieve many historical goals.   Ã‚  Ã‚  Ã‚  Ã‚  On February 26, 1846, near the small town of LeClair, Iowa, William F. Cody was born to Isacc and Marry Ann Cody. At the time William had two sisters, Martha and Julia, and a brother, Samuel. But he ended up with three more sisters, Eliza, Helen, and May, and another brother, Charlie. In the first eight years of his childhood, William grew up on a farm his father owned and worked. During this time, William had plenty of space on the Plains to play with his brother Sam and his black dog, Turk. William also had some young Indian friends he met while on a picnic with his sisters. The Indians were trying to steal the Cody's lunch, but Bill stopped them and became friends with them. Besides picnics, young Will also enjoyed riding horses, having pretend Indian fights with Sam, and hunting in the woods. Sadly, Samuel died when he was thrown from his horse. Because of this, William not only lost a brother but he lost a very good friend.   Ã‚  Ã‚  Ã‚  Ã‚  In 1854 William, along with his anti-slavery family, moved near the city of Leavenworth, Kansas. This was not an easy move for the Cody family seeing how most of that part of Kansas was pro slavery. They were worried about this because earlier in Iowa a dispute about slavery between Isacc and his brother Elijah, led to Elijah stabbing Isacc. Luckily, he survived and nothing like this happened in Kansas. While in Iowa, Bill had received no education. After moving to Kansas he attended several sessions of country school organized by his father. In the two and a half months he attended, Bill learned to read and write which would help him in his future careers.   Ã‚  Ã‚  Ã‚  Ã‚  In order to help his family after his father's death in 1857, William took his first job working for the firm, Russel Majors & Waddel, making wagon- train trips across the Plains. It was rough, but William enjoyed these frequent trips. Later, Will road for the Pony Express when it was established in 1860, and was a scout and guide for the Union Army.   Ã‚  Ã‚  Ã‚  Ã‚  When the Civil War started in 1863, Bill... ...g buffalo in his show and raising them on his ranch, Bill helped save them from possible extinction. Buffalo Bill's Wild West Show also offered Indians employment at a time when their opportunities were few, and many of them, for the first time thus learned of a world beyond the limits of their villages.   Ã‚  Ã‚  Ã‚  Ã‚  After 1894 Cody lived on a ranch in the Bighorn Basin in northwestern Wyoming where he raised buffalo. He also founded the town of Cody where he built the Irma Hotel, named after his daughter, which still stands today.   Ã‚  Ã‚  Ã‚  Ã‚  On January 10, 1917, near Denver, Colorado, the wild west legend, Buffalo Bill Cody, died. His grave is located on Lookout Mountain, near the town of Golden, Colorado, and can be seen by tourists.   Ã‚  Ã‚  Ã‚  Ã‚  Buffalo Bill Cody was very important to the west. Even though he made the mistake of killing thousands of buffalo, he realized this and made up for it by repopulating and raising buffalo. Cody was lucky in some aspects; one was living in the wide open Plains. William Frederick Cody should be remembered as a wild west legend who showed what life was like in The Great Plains of America.

Biography of Nelson Mandela

Nelson Mandela was a very influential man in the South African society. Throughout his life he had his ups and downs. He went from being in jail for life, to being the president of South Africa. In his life he had one dream and goal, which he never gave up on, even when he was faced with extreme adversity. Rolihlahla Mandela was born on July 18, 1918 in a village near Mthatha in the Transkei, called Mvezo, to Nonqaphi Nosekeni and Henry Mgadla Mandela. When his father died in 1927, Rolihlahla became the ward of Jogintaba Dalindyebo, the Paramount Chief, to be made to assume high office. Rolihlahla dreamed of playing his own part in the freedom struggle oh his people from hearing the elder’s stories of his ancestor’s valour during the wars of resistance. Soon he was going to school to get an education at a local mission school, and soon he was given the name Nelson. Soon he was sent through many schools through the years and enrolled at the University College of Fort Hare, and there he got his Bachelor of Arts Degree. At the end of Nelson’s first year at college, he started to become involved in a Students’ Representative Council boycott against the university’s policies, and soon he was told to leave Fort Hare and to not come back unless he accepted election to the SRC. Nelson Mandela grew up in a system of Apartheid. The whites were treated as the best race of all. Also the white are the ones who led the government. In South Africa, whites were considered a minority. Throughout Nelson’s life, the black people were treated worse than everyone else. Growing up Nelson Mandela could only go to schools for the blacks. Apartheid was developed after World War II by the Afrikaner-dominated National Party. The racial groups were classified into four, Native, Asian, coloured, and white, and residential places were segregated, sometimes by means of force. The government segregated, medical care, beaches, education, and other public services, and the government gave the blacks worse services and the whites better services. Nelson spent his whole life trying to change this racial segregation. Nelson was in a group of 60 people called the African National Congress. He was a leader with William Nkomo, Sisulu, Oliver R Tambo, Ashby P Mda. The group set themselves to the task of creating this group into a mass movement. Soon they formed the African National Congress Youth League. Nelson impressed everyone with his hard work and was elected as the league’s National secretary. The group soon set out to try to change how the government was working and the laws of apartheid it was putting on the people. The African National Congress launched a campaign for the Defiance of Unjust Laws. Nelson was elected Volunteer-in-Chief, and travelled the country organizing resistance to discriminatory legislation. This Campaign was determined as defiance and Nelson and 19 others were brought to trial. Nelson was charged of contravening the Suppression of Communism Act and given a suspended prison sentence. Soon after the end of the campaign, Nelson was also not allowed to attend gathering and had to stay in Johannesburg for six months. Nelson still led resistance movements, against the government. During all of the ‘50s, Mandela was victim of many forms of repression. He was arrested, imprisoned, and banner. On March 1956 a five year banning order was enforced against him. During the whole of the ‘50s, Mr Mandela was the victim of various forms of repression. He was banned, arrested and imprisoned. A five year banning order was enforced against him in March 1956. The government was paying a lot of attention to Nelson and had to move from place to place to not be detected by the all of the informants that the government had and all the police spies. To evade detection Nelson had to have a number of disguises ranging from a laborer, to a chauffer. Nelson soon spent some time abroad for several months. When he returned to South Africa, he was charged with illegal exit of the country, and incitement to strike. Nelson decided to be his own defense in his trial. One thing he said in the trial was, â€Å"I detest racialism, because I regard it as a barbaric thing, whether it comes from a black man or a white man. † He lost his trial and was sentenced to five years in prison. When Nelson was brought back to Pretoria in July 1963 he encountered Thomas Mashifane. He then knew that their hide out had been discovered by the authorities. Nelson and ten other were then charged with sabotage. The trial in court for them lasted for 8 months. At the end of Nelson’s statement he said, â€Å"I have fought against white domination, and I have fought against black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony and with equal opportunities. It is an ideal which I hope to live for and to achieve. But if needs be, it is an ideal for which I am prepared to die. † All but to of the accused people were sentenced to life in prison. There Nelson was faced with many prisoners and prison warders who influenced him, and he also influenced them. While he was in prison, Nelson rejected all the offers made by his jailers for a shortened sentence as long as he accepted the Bantustan policy by recognizing the independence of the Transkei and agreeing to live there. Nelson was released on February 11, 1990. He then set out wholeheartedly, wanting to complete the goals he and other tried to do years ago. After being banned for decades the African National Congress had its first national conference. Nelson was elected president while his great friend Oliver Tambo was elected as the organizations National Chairperson. Nelson Mandela was awarded the Nobel Peace Prize on 1993, after his life that symbolizes the triumph of the human spirit. He was awarded this on behalf of all South Africans who suffered and sacrificed so much to bring peace to South Africa. The era of Apartheid ended on April 27, 1994. Nelson voted for the first time in his life then. After all his ups and downs, and all the adversity he faced, Nelson Mandela was inaugurated as President of South Africa.

Financial Management for Young Adults Essay

High credit card debt and student loan repayment have been seen to cause inconveniences to the young adults just because of lack of proper preparedness and awareness, when it comes to dealing with such matters of financial management. (Giuseppe, 2012) tells us that mental health professions perceive money to be corrupting people and that it is not right to have too much of it. With adequate management skills, this statement could be turned around such that the available money is used to help the young adults in managing their finances, however little or much and getting out of the hook of high credit debts and other similar situations. Kapoor, 2011) explains how appropriate knowledge, skills and decision making abilities are key essentials in managing finances. Starting from a tender age, matters of money management can be taught at school and the students will tend to learn more as they proceed to other higher grades. Influence from parents is also seen to be important as it can be a determinant factor in wooing the children to managing their finances correctly. Other innovative activities can also be used to make sure that these young adults know how to go about money issues. We see how awareness can help improve the situation of our young adults as it helps them to be well equipped in dealing with any of such debt issues. Other loan repayment organizations such as America’s Debt Help Organization have played an important role in helping young adults deal with debts and loan repayments. All that one needs to do is to register with such organizations and table your urgency to them. The better part is that, they are available online and anyone can connect to them from any part of the world. Understanding Financial Management  Financial management is the planning, organizing, directing and monitoring the manner in which you use your finances. The elements of financial capability and how it impacts on life successes especially on young adults are based on certain conditions as reported by Soyeon & Joyce (2011) (i) Financial socialization whereby parents are the determinant factor in helping their children to being financially capable adults. The young adults tend to listen to their parents more than even how they pay attention to their teachers at school. Every child believes that their parents are always right and they cannot instill in them something of no value but will strive to give them the best. Once they buy the idea, then they would start looking at financial management positively and this will continue to uplift their awareness regarding finances. (ii) Cumulative education which emphasizes on the ongoing learning education at school. This can impact financial management skills to the young adults who are still at school and enable them to know more about finances. This will also reduce the chances of incurring unnecessary credit card debt, but increase their knowledge in money savings. With this, they will be aware of the benefits of accessing basic necessities like rental housing, savings accounts and other important needs in life. Starting to teach these young students as early as possible will help them grow with the information at heart and even influence how they will manage their finances later on in life and throughout their lives. Starting early also gives them ample time to grow and know more about finances as they develop from stage to stage. Soyeon & Joyce (2011) explains that if young adults are exposed to ongoing financial education, then they gain more financial knowledge and this is found to increase their financial responsibility and behavior when still young, thereby shaping them to be responsible adults later on in life. All these aim to raise self awareness and positive behaviors towards financial management for the young adults. Recent studies have proved that if key financial education concepts are introduced early in school, then that foundation continues to be built consistently (Mansfield & Pinto, 2008). Opportunities where young adults practice how to manage their money could also be done through innovative learning and this could serve as a platform to start financial management skills. With this, they would have learnt physically and be in a position to handle any concepts while still at school. Concepts like simulation would enable students interact with various financial products and services and this in turns sharpens their decision making skills due to effectiveness and improved retention. Parents also play an important role in mentoring these young adults and hence discussion topics on finance management should be encouraged at home, to enable them fully understand these concepts. Parents are more influential as a resent research from Arizona Pathways to Success for University Students found out. The nature of relationship between parents and children are becoming peer-like and that, the value of their relationship continues to grow as a result of this (Serido, 2012). Parents are active in supporting their children in other academic projects and learning in general. This attitude should be extended to help nature these children in matters of financial management such that even as they grow, they know that finances is part of them. Personal financial management is one area that needs planning especially for young adults who are still in school and even for those who have just completed schooling. If personal finances are well planned, it leads to accomplished goals such as settling school loan repayment. Distinguish between the short and long term personal financial goals and know which one to prioritize (Madura, 2010). School loan repayment plan could be categorized as long term as compared to setting an emergency fund. With an estimate of how much you expect to save, you will be getting clearer perception of your financial goals. (Madura, 2010), Financial goals should be realistic. Don’t deceive yourself or be over optimistic as this may lead to disappointment. Or rather, dream of what is within your reach as a young adult and work hard, in order to achieve it. You can even be involved in part time employment where you can get small savings and later plan with it. Determine the type of action you take in setting up your financial goals. Kapoor (2011) says students have many different financial goals, but none are more important than having a basic understanding of financial issues and peace of mind with regard to their decisions. The ultimate goal of Focus on Personal Finance is to get students to this point as a first step to achieving the many financial goals they have set for themselves. Once these goals are set, you will be able to manage yourself such that if you want to reduce credit card debt, you automatically reduce the use of credit and this, will help lessen the burden of unnecessary debts. Everything set within a time frame will also help one achieve his or her goals as planned. Working with time enables one to be on his or her toes and limits prolonged loan repayment, which could accrue more interest as compared to limited time frames. Causes of poor Financial Management Lack of proper financial skills and knowledge are the major causes of poor financial management among the young adults. (Torabi, 2010) guides the young professionals to take control of their money in order to learn how to live independently with more comfort. Schools do not teach young people about personal finance. Therefore, if respective organizations could come out and take this matter into their hands, then the young could have direction about personal finance. As regard to parents, they do not know how to enlighten their young adults about money and managing finances. This has been the major cause of financial management problem because these young adults do not get substantial training and skills concerning money issues. The other problem results from more complex financial marketplace, because most of the young adults do not know where to turn to when looking for savings providers and other financial products and services. As explained by Mansfield & Pinto (2008) that financial literacy of high school students is very low as neither parents nor teachers are showing them the way on how to manage their finances. This puts the young adults at a difficult point when need arises and they have to settle their debts by themselves. More so, when one is starting his or her own life, it turns out that they are not sure of what to do whenever they are faced with challenging budgets. Organizations which deal with issues of money management should work hard towards providing guidelines and enough resources on financial decisions, to help boost their knowledge on financial management. Various lessons can be used to help the young adults be able to utilize their finances in a more effective manner, in order to evade the high degree of debts which at times are not easy to pay off. Solutions As a worrying trend, it is necessary to involve students at school into programs that can help them deal with financial obligations, so that the issue of coupling with high debts is minimized. Mansfield & Pinto (2008) explain credit card knowledge and how many students do not know the concept of their credit cards. Several precautions can be taken to enable these young adults manage their credit cards and avoid unnecessary debts. Keeping a credit card active will help you score numerous points. It is reported that, registering for mobile alerts helps one to monitor his or her credit card transactions and helps one to have the necessary information when need arises. (Madura, 2010). Dealing with debt is not so comfortable especially for the young adults. It would therefore be advisable to always use a debit card if one wants to avoid debts. This will enable one to get used to using a debit card which is the better option, in respect to handling their finances well without getting into unnecessary debts. It is advisable to be involved with debts only if you have clear means and plans of refunding it back without too much strain. Otherwise, it is a wise idea to operate without debts so as to limit the chances of overspending. Savings is another solution which the young adults can opt for, as Torabi (2010) encourages the young to be realistic and prepare for risks which occur from time to time. These savings are crucial in cases of emergencies, especially for young adults who want to start life and live independently. By this, they will have an easy time in managing their finances and taking control of the unexpected. Saving is also regarded as the first step into investments because it gives you the chance to keep some money aside to be used for emergencies, or for other better things other than the usual spending. One can either have the option of operating a savings account or money market account. These enables one to access money whenever he or she needs it and at the same time, earns interest. This is a cheaper option as there are usually no fees if you decide to keep a minimum balance which keeps it in operation. Partnering with certain banks is another solution to curb the rise of financial management illiteracy among the young adults. In here, collaboration of schools with credit unions and banks have seen the young take a positive stand at working out their financial obligations while managing such accounts (Giuseppe, 2012). They learn more from school financial education and become more conversant with financial products and services, as they would have known and learnt financial skills from a more practical point of view. Joining non school based learning also enables these young adults to have ample time for financial discussion, whose norm is taken away from the normal setup of a classroom. These groups have continued to enlighten the young adults and encourage them on matters of managing personal finances (Mansfield & Pinto, 2008). Financial to the youth has now been made possible and understandable, especially through tailored programs and other means of learning which can are easily accessed by students. Financial entertainment through online is the next criteria in dealing with financial management illiteracy. This has provided a chance for the young adults to participate in online training, mobile gaming and other interesting methods through the network. Young adults can also settle for loan repayment programs which will help in eliminating some or all of the student loans. This move could see young adults start their independence lives with less burden and debts. Unfortunately, many graduates are not aware of such schemes as explained by Giuseppe (2012) and this is the point where respective organizations should come in to help elevate the burden of school loan repayments and debts. These programs give additional funds to the young adults, which they can then use to resettle their school loans in good time. Young adults do not have to wait until they are through with school to start looking for employment. There are part time jobs that can help subsidize these loans to avoid having a huge junk when you are through with schooling. Several researchers have explained how there are a rise in students who work part time in order to meet their financial obligations, as compared to the previous years when almost every student was a full time based student. This explains why young adults must quickly develop financial decision making skills to manage other responsibilities that arise from today’s changing economic landscape, as we are told by Serido (2012). Working and studying at the same time may not be easy but what matters is the long term financial gains that result from it. This trend however, can help in clearing your school loan faster enough and get time to start your independent life once you are through with schooling. If everything works out as planned, within the stipulated time frame, then it is worth the effort of studying and working all at the same time. In such a scenario, we find out that time is well utilized and at the same time, one moves on quite quickly as compared to studying, then looking for employment later on. For those who want to start living independently, and are in dire need of various assets, could go for a compensation package at their workplace. It was realized that some companies cannot pay huge salaries but just offer low wages in exchange for your loan repayment (Torabi, 2010). In this way, you as an employee will benefit as your loan will eventually be paid while you get some salary as well. The employer also benefits as he or she spends less in salary payments. This idea works best when brought up during salary negotiations so that, the employer is well informed and knows that you will be committed at the work place for as long as there is an exchange for your student loan payment. Conclusion As reported by Soyeon & Joyce (2011) that today’s youth financial security rests on one’s own shoulder. This implies that it is personal responsibility for the young adults to make sure that their financial practices bring forth better results for tomorrow. This process is gradual and the earlier one starts to organize him or herself, the better. Awareness has been a hidden tool for most of the young adults but with more light on the table, these people are being enlightened on ways to manage their finances and know how to handle tough cases like debts. Parents are not to be left out in the entire process of preparing their children to be good managers of personal finance. Information is the key and the more these young adults keep on searching for information about money matters, the more they learn how to deal with personal finance management and how to avoid unnecessary debts and the like. It is our obligation as policy makers, teachers, parents and the rest to know the value of financial management and how it influences our daily life. A recent study by CFPB office of financial education policy, April 2013, encourages states to consider adding to the list, experiential learning to help equip our young ones with proper management skills, so as to enable them be better managers of their own personal finances. Understanding financial options should be another priority in trying to evade high paying loans. Less expensive loans could give these young adults an easy time in paying back, as compared to private or alternative student loans. A longer duration of payment could also enable these young adults to offset their debts as they will be able to budget with the little they have, instead of paying huge chunks of cash and being left with nothing to support themselves. Literacy to students alone may not bring the kind of impact that is needed. Having to extend financial literacy education to the students’ parents could help the society reach higher grounds, in matters concerning loan schemes and repayment. Campuses may not want to consider financial management education sessions for both incoming students and their parents during orientation. Resources which are available online could serve as a great tool in helping the parents understand and learn what they need to know about financial management and its impact on their children. Both online and class-room based learning have enabled the young from far and near, to learn more about finances and even choose their convenient time. This impact has been felt and even the degree of awareness has started to rise, as many young ones now have a hint on how to manage their finances.

labor demand essays

labor demand essays In light of the limits that have been placed on this answer I will only focus my comments on the demand for labor and on the other hand the supply of labor. First the demand for labor. This is to me by far the most interesting aspect of the course. Labor demand is derived from the firms desire to maximize profits. This is a basic assumption of labor demand. Will the firms continually try to make changes that will improve the profitability of the firm? We assume that yes they will. Firms are basically price takers. Now their main decision is what quantity of their product to produce. This is because as they hire more people they basically increase output so the decision hire more people and the decision to produce more are basically the same decision. The optimal output will equate marginal revenue with marginal cost. Marginal revenue is the product price in a purely competitive market. Marginal cost is therefore the cost to produce that unit. MPl is the change in output of the firm. What happens when a firm decides to produce more? They must hire more labor assuming that capital remains constant. If a firm could continuously hire more peole and increase their MRP then we would live in a utopian society with no unemployment and peace and happiness everywhere. But alas we live in a world with diminishing returns and as the firm highers more people it reaches a pont where each new person costs a little more when compared with their output then the person hired before them. A good example of this is digging a hole 4 feet by 8feet by 6feet . One person would do it in about half the time that two people could do it. But three people would not do it in one third of the time. This loss in efficiency is what I am talking about. In fact soon you couldnt fit all of he people into the hole and it would be so cramped that it would atually take longer to finish the hole. If this happened then they would have a negative ...