Wednesday, July 31, 2019

Comparison Between Japan and Italy

Why does Japan attract so Many Less Tourists than Italy? Contents Introduction Page 2 International TourismPage 2 Key Aspects of JapanPage 3 Key Aspects of ItalyPage 4 Typical TouristPage 5 International CompetitionPage 5 Conclusion Page 5 Graphs Page 6 BibliographyPage 7 Introduction In this project I will be researching about the difference in tourism between Italy and Japan. I will be researching why there is such a big difference and I will add several graphs and climate data.I will be researching the tourist attractions. I will explain the similarities and differences. I will research about tourist attractions and why a family would choose this country instead of the other. I will research about the two environments. International Tourism International tourism is when a person or more travel out of their home land into a different country and/or religion. It means that they travel from one place to another for reasons like for medical, sport or business. Key Aspects of Japan K ey Aspects of Japan There are many tourist attractions in Japan but why doesn’t it get as many tourists as Italy?Japan has a place called Ginza which consists of department stores, shopping centres, restaurants and coffee shops. Ginza is said to be one of the best places for shopping in the world. It is said to also be very luxurious. The Ise Shrine located in the Mie state of Japan is the shrine built in the honour of goddess Ameterasu-Omikami. This is said to be one of the most sacred places in Japan because inside it holds the Sacred Mirror. Another interesting attraction is the Osaka Castle. It was built in 1583 in Osaka. This would be a great tourist attraction because it is very historical and the castle itself is very beautiful.The biggest tourist attraction I would have to say is Mt. Fuji. Is view is truly breathtaking. It is Japan’s biggest mountain. This would be a great place for someone who enjoys climbing or like sky diving. If the tourist appreciates art work then Kyoto National Art Museum is the place for them. It focuses on Asian and Japanese art from the days when it wasn’t modern. It is built traditionally so that the tourist can really feel like he or she’s part of that era. There is the longest suspension bridge in the world in Japan called Akashi Kaikyo suspension bridge. Is is nearly 4 km long and was finishes in a span of 12 years.One of the most historic and interesting attractions is the Great Buddha of Kamakura. Its nearly 14m tall in length and it is very interesting how this survived the tsunami in the 15th century where as the others were eliminated. The Great Buddha of Kamakura Key Aspects of Italy As we all know the Italians are renowned because of Gladiators and there old empires. There most magnificent attraction would most probably be the Canals of Venice. Its romantic ambience and Italian architecture surrounding it makes it the most admirable place with the Colosseum not far behind.As I mentioned the probably most famous of them all would be the Colosseum which was built at the time of gladiators. People of all ages would gather to watch people fight till the death. They used to cheer as this was one of their few ways of entertainment. Tourists will love the Colosseum because you get the feel that you’re walking through the ages. Pompeii was a lost city in Italy. It was lost due to Mt. Vesuvius erupting in 79 AD. I think this would be quite interesting as there are still remains on the land and also the lost city of Herculaneum is one to see as well.You get an insider in how people lived back then compared to now. Santa Maria Del Fiore is the largest brick cathedral ever built and was the biggest until the modern era. Santa Maria Del Fiore is the symbol of the beautiful city of Florence. This cathedral is a must see for tourists who are Catholics and it’s interesting to see how divine it would be inside. I think Italy would also be famous for its beaches. Altho ugh temperature doesn’t go very high on a good day everyone will be at the beach. Picture of Canals of Venice. Typical Tourist In my own opinion I believe that a typical tourist would go to Italy.They would go because Italy is more of a livelier place and has more interesting tourist attractions. People from all over the world would probably choose Italy because everyone wants to know about Italy’s history. Although the temperature is almost the same there’s way more precipitation in Japan due to monsoon months which tourists don’t want to enter. Japan does have the best technology in the world but they want to go to a country where there isn’t too much poverty which I think Italy fits that criterion. International Competition Two countries come to mind when we talk about competition in the tourist trade, South Korea and Greece.Greece is like Italy it has a lot of Greek history which people would ache to see and South Korea is like Japan, has a lot of good attractions yet not many tourists come. Many people would come to both Italy and Greece but at the state Greece is in at this moment of time with financial trouble if you’re going for business they should go to Italy. Conclusion In conclusion I believe Japan have less tourist because of they're attractions. They don’t have that much to attract people from all over the world although they have the technology for it.I think they should build more attractions like make a old village so you can show people how you used to live. Also because people all over the world want to go to a country where there isn’t too much poverty which is why they would choose Italy. Also because of the monsoon season they lose many tourists who don’t want to come when its full of water. Bibliography â€Å"Crossed Flag Pins. † Http://www. crossed-flag-pins. com. N. p. , n. d. Web. Sept. -Oct. 2012. ;http://www. crossed-flag-pins. com/Friendship-Pins/Japan/Flag-Pins- Japan-Italy. jpg;. â€Å"Daibutsu a Great Buddha of Kamakura. Daibutsu a Great Buddha of Kamakura Picture & Facts a Kanagawa,. N. p. , n. d. Web. 15 Oct. 2012. . â€Å"Visitstmaarten. com Blog. † World Tourism Day 2010 on Tourism and Biodiversity, St Maarten. N. p. , n. d. Web. 13 Oct. 2012. . â€Å"10 Top Tourist Attractions in Italy. † Touropia. N. p. , n. d. Web. 13 Oct. 2012. . Tokyo, Japan:Climate, Global Warming, and Daylight Charts and Data. † Tokyo, Japan: Climate, Global Warming, and Daylight Charts and Data. N. p. , n. d. Web. 13 Oct. 2012. ;http://www. climate-charts. com/Locations/j/JP47662. php;. â€Å"World Economic Outlook Database September 2011. † World Economic Outlook Database September 2011. N. p. , n. d. Web. 13 Oct. 2012. ;http://www. imf. org/external/pubs/ft/weo/2011/02/weodata/index. aspx;. â€Å"Employees, Industry, Male (% of Male Employment). † Data. N. p. , n. d. Web. 13 Oct. 2012. ;http://data. worldbank. org/indicator /SL. IND. EMPL. MA. ZS/countries;.

I Am Sam (Movie)

‘I Am Sam’- Assessment Sam is the main character in ‘I Am Sam’. He faces a number of issues throughout the movie, but the main hardship is to gain custody of his daughter. Sam’s role is a mentally retarded male, with a mental capacity of a seven year old. Sam’s daughter, Lucy, is seven and her teachers fear that Sam’s aptitude is holding her back because she does not want to be smarter than her father. Lucy loves Sam very much, however she knows he was not the average father, as she told her best friend that she was adopted.Lucy is taken away from Sam by the authorities and is only given visitational rights for a couple of hours each week while under supervision. Sam desperately seeks to gain back custody of Lucy. The approach Sam uses to muddle through this adversity, is trying to find a lawyer who can represent him in court. Rita Harrison Williams is a top-notch lawyer and informs Sam he can’t afford her. As a result, Ritaâ€⠄¢s work colleagues assume she would never do Pro Bono because she is too good for that, however to Sam’s advantage, Rita decides to prove them wrong and takes Sam’s case on Pro Bono.This is great for Sam because he gets a top-quality lawyer to represent him in court for free, this illustrates Sam would have never been able to afford a lawyer in the first place, as Sam is aware of this himself, saying â€Å"Yeah, because I make $8. 00 an hour at Starbucks. Per hour. It’s an hourly rate. † To a large extent, I think this tactic had benefited Sam as he had an excellent lawyer, which gave him a better chance to have some rights to Lucy.Rita knows Sam’s chances are slim for getting full custody of Lucy but in the end, with all characters coming to an agreement, Sam gets joint custody of Lucy with her adoptive parents which was of crucial importance both to the relationship between father and daughter and most importantly Lucy having a well balanced upb ringing and not being held back intellectually, emotionally or financially. Without Rita, Sam would have lost all his visiting rights to Lucy and this would have led to the destruction of Sam mentally even further.This is why I believe Rita had a significant impact, with such a successful outcome. This film has changed my views on parents with a disability and them having normal children. Sam realized he couldn’t raise Lucy by himself and yearned for Lucy to have a mother. Sam to Randy (adoptive mother): â€Å"If I tell you a secret, that I can’t do it by myself†¦ because I always wanted Lucy to have a mother†¦ Help. I need somebody. Help. Not just anyone. I believe that mentally retarded people are capable of giving loads of love to a child, they would cherish them heaps, but I don’t think they can give their child/ren the required thought mentally, intellectually or financially. If people with mental disabilities so desire to raise their child, they should be granted joint custody with another sound adoptive family, as in this particular film, thus I don’t know if a vast amount of adoptive parents in this day and age would be accommodating to this kind of arrangement.This movie also portrays to what extent a parent is willing to sacrifice their environment, security and finances both mentally and physically for their child/ren. This movie couldn’t really help me as a person, as I feel it does not relate to me directly, though the clear message I obtained was, there is ‘always a solution’ for an issue, so long as you ‘consider others involved’ and meet half way and ‘compromise’ so you achieve a ‘positive outcome for all’ parties involved, not just for ones self-seeking way.Sam also taught Rita the meaning of love and whether you could endure love single-handedly, however this was very apparent in the film as having a negative outcome if it was solely based on lov e alone. I would rate the movie ‘I Am Sam’ 7 out of 10 because I liked the ideas, morals and story line of the film, but it had some inauspicious aspects to it. The idea to base the movie on a mentally retarded man is unique and I admire plots that are out of the ordinary.However, the critical aspect of the film was, it’s predictability, most of the scenes/settings had a blue tinge to it (e. g. court room, place where authorities were keeping Lucy and Rita’s house) giving the movie/scene a colder, detached feeling, especially in the scenes where you were suppose to have happy tears, the plot was also a tad slow although it was an emotionally touching film, I’d imagine this film could have offended some viewers.Overall, I enjoyed the film and it brought a tear to my eye, though it did not keep me mesmerized, thus loosing focus now and then. I would recommend ‘I am Sam’ to someone wanting to watch a movie that will touch them emotionally or someone trying to ‘overcome adversity’, so they learn ‘compromise’, but otherwise it’s not really a film I would recommend to anyone for the sake of it.

Tuesday, July 30, 2019

Great Expectations and April Raintree Essay

A key theme in Great Expectations and April Raintree is the growth and change of the characters towards their acceptance of social class. This will be proven by Pip not accepting himself in the lower class and April not accepting herself in the native class. Then, there will be proof of how Pip and April attempted to change their social class. Finally the proof of how Pip accepted himself in the social class he was in and how April accepted herself as a Mà ¯Ã‚ ¿Ã‚ ½tis. Pip did not accept himself in the lower class. He wanted to be in the upper class just like Miss Havisham is. Pip was ashamed of his family and its lower class status. How he wasn’t as fortunate as Estella who is a member of the higher class, especially when Estella insulted Pip saying that he is â€Å"common† and how he has â€Å"coarse hands†. He did not have a reason to think about his class status before this, and now that he does, he’s disturbed to think he might be just â€Å"common.† This ensured Pip to not accept himself in the lower class. He didn’t see any good from it. Pip felt he needed to impress Estella. She was the one who changed Pip’s perspective in everything. Before meeting Estella, Pip really looked up to Joe, blacksmith or a gentleman, Joe’s class status makes no difference. It is not until later, when he learns that the world cares about class, that’s when Joe’s status mattered to Pip. After seeing Estella’s house and everything she had, he wanted more to look forward to. Pip did not accept his life in the lower class. April is a young woman who has so many issues with her family and the people in her life. April always hid her feelings of shame from her sister Cheryl. April did not accept herself in the native class. Although she did not look native, she was sometimes ashamed that her sister Cheryl looked more native than she did. â€Å"There were two different groups of children that went to the park. One group was brown-skinned children who looked like Cheryl in most ways. They were dirty-looking and they dressed in real raggedy cloths. I didn’t care to play with them at all. The other group was fair-skinned and I envied them especially the girls with blonde hair and blue eyes. They seemed so clean and fresh. Some of them were freckled but they didn’t seem to mind. To me, I imagined they were very rich and lived in big, beautiful houses. I wondered what their lives were like and I wished we could play with them. But they didn’t care to play with Cheryl and me. They just called us names and bullied us.† (Pg. 6) Since April was young, she always wanted to be with the people who were fair-skinned. She didn’t like seeing her sister being called names especially, when they had to live with the DeRosiers. Half breeds were all that was said in that house. â€Å"I heard you half breeds were dirty but now I can see that it’s true.† (Unknown :() At one point, April hated being Mà ¯Ã‚ ¿Ã‚ ½tis. She felt that being Mà ¯Ã‚ ¿Ã‚ ½tis changed her life because when you think of Mà ¯Ã‚ ¿Ã‚ ½tis, you think of living off the streets and bums on Main Street. She wasn’t any of these and she didn’t want to be labelled as them. She was not happy being the person she knew she was. April did not accept her life in the native class. Pip changed his social class by going off to school to become a gentleman. He was lucky to have a benefactor. â€Å"I’ve put away money, only for you to spend. When I was a hired-out shepherd in a solitary hut, not seeing no faces but faces of sheep till I half-forgot wot men’s and women’s faces wos like, I see yourn. . . . I see you there a many times plain as ever I see you on them misty marshes. ‘Lord strike me dead!’ I says each time-and I goes out in the open air to say it under the open heavens-‘but wot, if I gets liberty and money, I’ll make that boy a gentleman!’ And I done it.† (pg. 340) Magwitch reveals himself as Pip’s secret benefactor and how he got all his wealth. This quote changed Pip’s idealistic view of wealth and social class by forcing him to realize that his own status as a gentleman is owed to the loyalty of a lower-class criminal. Year after year, he moved further away from Joe and his lower class. â€Å"Pip, dear old chap, life is made of ever so many partings welded together, as I may say, and one man’s a blacksmith, and one’s a whitesmith, and one’s a goldsmith, and one’s a coppersmith. Divisions among such must come, and must be met as they come.† (pg. 236) Joe comes with a smart and content attitude toward the changes in Pip’s social class that have driven them apart, and he shows his goodness and loyalty by blaming the division not on Pip but on the unchangeable nature of the human condition. Pip as a gentleman makes a lot of money and as he gets wealthy, he forgets his family and the people that are important to him. In other words, he worries about trying to impress people, rather than being moral. April Raintree changed her identity of a native by marrying a rich white man named Bob Radcliff. She always wanted to be rich and forget about her heritage. She moved away from Winnipeg to Toronto. She tried running away from the life she did not want, to try to live a life she wanted. â€Å"You think I don’t know why you married Bob? It was to get away from me, that’s why. I’ll be you wished you were an only child. I bet you wished I was dead.† (pg. 155) It was almost like she did not want Cheryl in her life at all. â€Å"You never loved that man. You loved his money. You figured you were going to be Miss High Society.† (pg. 158) April did not love Bob Radcliff; she only married him for his money. Pip learns from his mistakes growing up. After realizing what kind of person he has become, and how he has treated his loved ones, he felt he was better off being in the lower class. Pip realized that wealth and class are less important than affection, loyalty, and inner worth. When he is finally able to understand that, besides the esteem in which he holds Estella, someone’s social status is not what so ever connected to that someone’s character. Bentley Drummle is a symbol to this because even though he is a minor character, he gave an important message. Drummle is an upper class member. He gave Pip proof that social class has no connection to attitude, personality or moral worth. Drummle’s negative example helps Pip to see the inner worth of characters such as Magwitch and Joe, and Pip eventually scraped his immature fantasies about wealth and class. Everything changes for Pip after he learns the class status of his benefactor because he realized that Magwitch , a kind-hearted man who was never able to come out of the status into which he was born but in the end he was able to get wealthy. April realized that she wasn’t happy with Bob, so they got a divorce. From that divorce, she received a good amount of money. She immediately went back home to her sister, but things were not good between Cheryl and April. After Cheryl committed suicide, April found her diaries and read them. She finally realized what Cheryl has gone through while April wasn’t in her life and what she thought of everything especially what she thought of April. April accepted being Mà ¯Ã‚ ¿Ã‚ ½tis then and there. Like her sister, she is proud to be Mà ¯Ã‚ ¿Ã‚ ½tis. Since she loved Cheryl, she was glad that a part of Cheryl was alive in her son, Henry Liberty. â€Å"All life dies to give new life.† (pg. 184) It was tragic that it had taken Cheryl’s death to bring April to accept her identity but she would strive for a better tomorrow now. For her sister and her son, her parents and her people. In conclusion, Pip accepted himself in the social class that he used to be in. Even though he remained in the higher class, Pip realized that he still cared for his loved ones in the lower class. For April, she accepted herself in the social class she was born in. Even though Cheryl’s life had to be taken away before April realized how important her heritage was. Pip carried a snobby attitude for a great portion of his life. He treated the people he loved without realization of how he wasn’t respectful towards them. April had tried hiding, she had attempted to be someone she’s not, she had tried being with someone she didn’t love, and she had also undertook to blocking her own sister out of her life. No matter what April did, she couldn’t get away from what she really was inside. She was born Mà ¯Ã‚ ¿Ã‚ ½tis. She just didn’t feel proud of it nor did she want to be Mà ¯Ã‚ ¿Ã‚ ½tis. Pip and April both had issues with the people in their lives and they both found their true identities from being ashamed of their social class to peace with their lives.

Monday, July 29, 2019

It must be related to worikng and education Research Proposal

It must be related to worikng and education - Research Proposal Example Additionally, part-time jobs offer a practical learning experience to the students. This experience ensures that they are well prepared for their jobs. It is very beneficial especially if the students get part-time jobs that are related to their class work. They will develop useful professional networks that will assist them on later years (Lillydahl 310-315). For the students who find jobs that are not related to their career paths, they benefit by gain skillful tactics that will enable them in responding to challenges on their later days.On the other hand, some people fell that the students could drop out of school after they have earned money. Additionally, they also argue that the students will be too exhausted after working to go to school. This will lead to missed classes and poor performance in the examinations (Tilly b 35) This research paper will conduct a survey to show the actual percentage of people on each side of the motion. The researcher will issue questionnaires to parents and students to fill up. An interview will also be conducted. The data collected will be analyzed and graphically presented for a clear understanding of the problem. The researcher will have some recommendations at the end of the research. The drive of steering this research is to try to develop recommendations for the students who wants part-time jobs. The research will be relevant for the society and Company to know whether when they offer jobs to students they cause problems to them or not. The study will also assist students in making their decisions when looking for jobs. This will assist them in knowing the pros and cons of part-time jobs. The research will try to answer three questions which will support in realizing the objective of the study. One of the question will be â€Å"Should students have part-time jobs?† This questioned will be answered by both parents and students. The respondents who will be answering the questionnaire and interviews will be

Sunday, July 28, 2019

United States Court of Appeals Research Paper Example | Topics and Well Written Essays - 3000 words

United States Court of Appeals - Research Paper Example Plaintiff - Appellee supported its charge against Defendant Picker on the fact that while Defendant was metal hunting on some private property adjoining the Park while he visited Gettysburg National Military Park. Defendant then found a rare bowie knife worth about $2000.00, on the said private property. The Park Ranger, Hancock who was made a witness for the Government, claimed that he warned Defendant that metal hunting on national park land was forbidden and a criminal act, and should not trespass on the property. The Park Ranger also maintained that he showed the boundary line to the Defendant. The Park Ranger also asserted that he kept a close watch on Picket by being 50 yards behind him, and found Defendant to have inadvertently crossed the property line into the park. The Park Ranger then arrested Defendant on the basis of his claim that he crossed the boundary that was marked, despite the fact that the signs were not readily visible as the signs were only 8 inches by 12 inche s and placed every 150 yards apart, and markings placed under heavily wooded a heavily wooded area that affected the mark’s visibility.

Saturday, July 27, 2019

REPEATED MEASURES Assignment Example | Topics and Well Written Essays - 250 words

REPEATED MEASURES - Assignment Example The reason for the increased power of the repeated-measures design is the elimination of between-subjects variability and thus the reduction of our error term. In our repeated-measures design, we would employ one group of subjects (randomly selected from the male population) who would each rate pictures of men with moustaches and men without moustaches on a scale ranging from very mean to very nice. A seven-point Likert scale may be appropriate for this task, but there are several scaling options. Stimuli would be presented in blocks and randomized to eliminate ordering effects. The data would be analyzed using a repeated-measures (dependent samples) t-test. This statistic will provide a number that can be compared to standardized critical values in order to determine if there is a significant difference between the ratings of mustachioed men and the ratings of men without moustaches. This analysis will be performed with an alpha of .05, giving the test 95% power (probability of correctly rejecting the null hypothesis). No post-hoc comparisons will be required for this

Friday, July 26, 2019

The Religious and Social Perspective on Living Aspects of Humankind Research Paper

The Religious and Social Perspective on Living Aspects of Humankind - Research Paper Example Lewis uses politics in the first letter to replace reason, and show the prevalence of propaganda in the current society (Lewis 8). The year 1941 has been used as a case that depicts actual propaganda, affecting religion and world politics. Screwtape’s letter stands as one of the most non-religious societies where the evils of both worlds and entities are considered outdated and logical minds do not consider them in their lifestyles. Referring to the Bible, Lewis claims that we used to encounter evils and temptations from Satan and his followers as a daily strive. The patient in the first and second Screwtape’s letters has been converted from a Christian to believing the assumptions and thoughts presented in the letters. Lewis mentions to Wormwood that they must keep on working on his mind. Propaganda is further instilled in the fifth and seventh letters with reference made to war and the condition of the human mind. The patient’s engagement is used to corrupt his thinking and adopt their culture. Implying that the World wars are still occurring, Lewis makes note of the spiritual and physical aspects of the human body. The spiritual conflict had been in our lifestyles, starting from when Christians were converted. Lewis uses full propaganda words to replace reason and explain the tribulations of the last days. The tribulations have been manipulated to overshadow the logic of Christianity and the sanity of today’s world politics (Lewis 11). According to Lewis, humankind undergoes continuous suffering phases in our lives for no apparent reason (Lewis 17).

Thursday, July 25, 2019

Accounting Ethics Can Make the Difference Reasons why Morals are Key Research Paper

Accounting Ethics Can Make the Difference Reasons why Morals are Key Components - Research Paper Example They don’t trust the financial statements, they don’t trust the audits, they don’t trust the bond rating agencies.† Indeed, contemporary profession of accountancy has been continuously wrestling with how to improve ethics in the profession. In the wake of prominent accounting scandals such as Enron, WorldCom, Tyco, and Arthur Andersen, the accounting profession in general and accounting ethics in the main has received both public’s and regulator’s glare. In 2002 the U.S. Congress responded to this dilemma with enactment of The Sarbanes-Oxley Act. However, when it seemed the regulatory field for adherence to accounting standards and ethics had been prepared, the world witnessed yet another crisis of accounting ethics triggered by unnoticed 50 billion Ponzi scheme invented and managed by Bernard Madoff for almost twenty years. Because the accounting profession is the gatekeeper of the financial affairs of the business community, it must strive t o cultivate and maintain ethical standards and principles that must not be compromised. Ethical sensitivity is paramount in conducting business honorably and fairly. Business communities around the globe hold accountants in high esteem and expect them to be beyond reproach, ethically. The primary existing paradigm related to accounting ethics is based on the premise that individuals make ethical choices because of individual integrity. This may be partially true; however, ethical or unethical accounting practices usually reflect the values, attitudes, beliefs, and behavior patterns of the organizational culture (True & Pelton, 2005). Early ethical and moral theorists have gone to great lengths to understand human behaviors and to define what behaviors constitute good morals. Some people believe that morality is contingent on environmental and situational circumstances. Dawson (2005) asserted that the character traits defining the ethical nature of the business are embedded in the social values of its culture. Dawson (2005) also believed that businesses with a strong rational and bureaucratic culture, such as financial institutions, have difficulty promoting individual ethical behavior beyond the rules in the absence of a compensating culture of social values such as trust and honesty. Businesses that thrive on the quality of human relationships internally and externally have more opportunity for building such a culture to promote ethical behavior. Those businesses with high employee turnover and a higher percentage of part-time/casual workers with low intrinsic valuation of work have difficulty sustaining a work ethic conductive to ethical behavior. Thus, ethical behavior is as much an organizational issue as it is a personal issue. Further, in some instances, ethical behavior is learned behavior that is based on formal educational instruction and personal experiences/modeling. According to position formed by Duska and Duska (2005), "accountants have a number of ethical responsibilities, to themselves, their families, and their profession as well as to the clients and company for which they work" (p. 30). Practically, most of accounting crises occurred in past primarily due to CEOs not adhering to the rules and regulations of the accounting practices as well as the U.S. Security Exchange Commission requirements. According to Healy-Burress (2010), "a professional code of conduct explicitly states the expectations of behavior and character for the members of the profession" (p.57). Therefore, a professional code of ethics that is followed by participants represents a defining feature of a profession, and the major document which formulates the ethical conduct of accounting

Managing Projects Essay Example | Topics and Well Written Essays - 2000 words

Managing Projects - Essay Example The organizational structure for the new building is going to be exactly like the existing one, which comprises of: 1 Project Manager (myself); 1 Assistant Project Manager; 2 Administration Staff; 4 Sales staff; 3 Warehouse Staff; the transportation to and from the building will be contracted to an outside company. The recruitment of the staff will be conducted in a way that only serious and experienced professionals/employees will be finally accepted to become the member of the Computer Section’s team. The essence of this is to prevent a situation of redundancy often caused by unqualified personnel (Levine, 2002). Hence, hiring and coordinating with the appropriately qualified employees would make this project stay within budget and also make it to be successfully executed within any specified time frame. The life cycle of this business, that is, procuring and selling computers by Jones Ltd will be carried out within a year; and with the hope that the expenses on recruiting, management and employees’ motivation would not exceed the allotted budget for the project by the Chief Executive Officer of Jones Ltd. In order to achieve this, the following processes must be carefully executed. (a) Market Research: This is the very first step in all the procedures—it is essential to investigate the kinds of computers that are currently selling well in the markets (Morris & Pinto, 2007). It is also helpful to determine the cost of each computing unit, its functionalities, how useful is it in the market, and how many prospective buyers will be interested in a particular brand that Jones Ltd wishes to market? Or should the company concentrate on all the brands of computers. What sales strategy will be appropriate, and how could the employees be motivated to contribute their best in the project? All these issues will be seriously considered during the research process (Morris & Pinto, 2007). The market research will shed more light on

Wednesday, July 24, 2019

Marketing Plan for The Times Newspaper Essay Example | Topics and Well Written Essays - 2750 words

Marketing Plan for The Times Newspaper - Essay Example This essay stresses that marketing strategy is primarily concerned with the process where a need satisfying product or service is exchanged for a certain value and there are mainly four variables that constitute a market offering and they are: product, distribution/place, price, and marketing communication. To a greater extent, the success of any marketing strategy employed by any company is strongly dependent on the effectiveness of its marketing communication. There must be a good flow of information between the buyer and the seller to enable the buyers to make informed decisions which always take precedence before the actual purchase. In its endeavor to establish a new product, The Times ought to adopt strategies that would allow them to clearly distinguish their target market in a bid to have some competitive advantage over other rival competitors who also operate in the same industry. This paper makes a conclusion that communication plays a very important role in marketing a product to the customers. The advent of the internet has brought about sweeping changes in the way organisations operate as well as market their products. There is need for an organisation to segment its market in order to clearly identify their target customers in order to have a competitive advantage over other rival competitors that may exist in the market. As noted, there is need for The Times newspaper to effectively use marketing communication in order to successfully launch a new product to the customers.

Tuesday, July 23, 2019

Multimedia assignment Example | Topics and Well Written Essays - 250 words

Multimedia - Assignment Example Adobe Soundbooth is audio editing software. The user can create and edit multiple tasks in the program to edit an audio track. The software was not very popular due to its complex interface and usability. The software releases were stopped in 2011 and Adobe Audition has replaced it. Adobe Flash is animation software. User can use this software to animate text, still images and graphics designed on other software programs. Adobe Flash is commonly used in web advertisement, games etc. Autodesk Maya is platform to create animated 3D videos. It can also be used to create powerful animation, modeling and simulated videos. Companies are using Maya to create animated films, simulated videos for schools and other professional environment and games etc. 1. Interactive and static multimedia objects have also revolutionized the Anatomy. Tools discussed above are widely used to create effective educational demos and animated videos to show how there anatomy can be used and employed.

Monday, July 22, 2019

Converting gravitational potential energy into kinetic energy Essay Example for Free

Converting gravitational potential energy into kinetic energy Essay Unavoidably, I encountered two anomalous results due to making some of the measurement errors mentioned before. When I plotted my graph, I realised that one of the points was much higher up in relation to the line of best fit while the other was much lower down. I named these measurements A B. The kinetic energy gained by the ball bearing was just more than half of the gravitational potential energy it lost for most measurement e. g. when the ball bearing was dropped from a height of 0. 15 metres, it stored 18. 8 i 10i 4 mJ of potential energy which transformed into 11. 7 i 10i 4 mJ of kinetic energy which is just a bit more than 9. 4 i 10i 4 mJ (half of the gravitational potential energy it stored). Interestingly, for measurement A, when the ball bearing was dropped from 0. 17m, it had gravitational potential energy of 21. 3 i 10i4 mJ but it didnt gain just a bit more than 10. 65 i 10i 4 mJ of kinetic energy but actually gained less than half of the potential energy it stored 10. 2 i 10i 4 mJ. The reason for obtaining this irregular result may have been that I didnt release the ball from the highest point of the runway but a few centimetres further down. This would not have provided enough energy for it to drop down as fast as it did for other measurements because gravitational potential energy ,which the ball bearing stores, depends on height h ( E p = mgh), which is lowered in this case. Therefore, it brought a decrease in the kinetic energy which the ball bearing gained it didnt gain as much kinetic energy as it could have done, had it been dropped from the highest point on the runway. This is why, unlike the other measurements, it gained less than half of the potential energy it stored. Another factor which may have caused this anomalous result could have been that the height of the runway itself wasnt set accurately lower than it should have been so although the gravitational potential energy we calculated = mgh = 0.00125 i 10 i 0. 17 would have been correct theoretically, it would have been practically inaccurate as the actual height set was less than what it should have been (0. 17m) and therefore the ball bearing in reality stored less gravitational potential energy than we calculated . On the other hand, for measurement B, when the ball bearing was dropped from 0. 19m, the ball bearing had gravitational potential energy of 23. 8 i 10i 4 mJ but it didnt gain just a bit more than 11. 9 i 10i 4 mJ of kinetic energy ( 1/2 of the gravitational potential energy) but actually gained a lot more than that. The reason for obtaining the inaccurate result would have been either pushing the ball bearing down the runway or releasing the ball bearing in air on the top of the runway instead of releasing it from rest in contact with the runway floor. Either of these reasons would have provided more energy for the ball bearing to roll down faster therefore it gained more kinetic energy than it did in other measurements when it was released from the top of the runway. Another factor which may have caused this anomalous result can be that the timing of the ball bearing rolling along the distance of 1m was recorded incorrectly or once again, the height wasnt set correctly the actual height set was smaller than what it should have been and therefore the potential energy calculated was less than what the ball bearing had actually stored and therefore the kinetic energy the ball bearing gained was calculated, was more than half of the potential energy which it stored. Finally, if I was going to do this experiment again, I would use more accurate measurement equipment to make my results more accurate. I would   use a computerised stop watch and lasers instead of a manual one to time the ball bearing rolling across the distance of 1m.   do an experiment on more even surfaces to reduce energy being lost in the form of heat by friction when the ball bearing slides down the runway or hits the sides on the way down the runway. Take more measurements for each reading to obtain more reliable and accurate averages Be more careful and alert in measuring and timing.   Have the same person operating the stop watch as different peoples have different reaction times which may not give reliable enough results to reach a firm conclusion.   Do the experiment in the same environment on the same day so that changes in room temperature doesnt affect energy transformations e. g.when the room temperature is higher, the runway floor would become hotter and the ball bearing sliding on it would lose more heat energy by friction. Use an even more accurate metre ruler to make the timing of the ball bearing rolling along the distance of 1m, more accurate.   Enlarge the distance I want the ball bearing to roll along so chances of obtaining inaccurate timing of the ball bearing is reduced.   Use a smoother ball bearing so it loses less energy in the form of heat and sound when it slides along the runway floor.

Sunday, July 21, 2019

Side Effects of Chemical Based Beauty Products

Side Effects of Chemical Based Beauty Products A growing concern over side effects of chemical-based products for enhancing ones’ beauty has resulted in the consumers’ shift to ayurvedic beauty products. Many companies have entered the beauty segment with branded products in categories such as skin care, hair care, soaps and essential oils. India is capturing the mainstream cosmetics industry and capitalizing on Ayurveda. Itincludes various high end brands creating makeup shades (based on the country’s bright colors) to skin- and hair-care segments. Indian herbs and Ayurveda products are being sourced and tested for use in the cosmetics industry and beauty parlours. Ayurvedic natural cosmetics business of India is growing at the rate of 15-20% per year- much higher than India’s overall cosmetics business that has a growth rate of 7-8%. Yoga is a mind and body practice with historical origins in ancient Indian philosophy. Various styles of yoga typically combine physical postures, breathing techniques, and meditation or relaxation.Practicing yoga might improve quality of life; reduce stress and hence improve overall physical fitness and appearance. Naturopathy includes a range of therapies based on exposure to natural elements such as sunshine, fresh air, heat, or cold, nutrition. The treatment modalities include nutrition and dietary changes (eating more whole and unprocessed foods) and use of vitamins, minerals, dietary supplements, herbal medicines. Hydrotherapy, physical medicine (therapeutic massage and joint manipulation), exercise therapy and lifestyle counseling are other aspects of naturopathy Unani and Sidha are traditional Indian medicinal systems and chiefly use herbal remedies, dietary and lifestyle modifications. There are few indexed studies demonstrating efficacy of polyherbal Unani formulations in acne vulgaris. Homeopathy was developed by Samuel Hahnemann, a German physician. It is based on the law of similars and the law of infinitesimals. The first doctrine is simili similibus curenti that is the symptoms caused by a drug in healthy person, will cure similar symptoms. The second doctrine is that the appropriate drug has to be given in high dilutions, and that the higher the dilution, the greater the effect; and is termed as potentiation. Modern physics and chemistry have shown that some of the dilutions used in homeopathy may be so high that no molecule of the original substance will remain in the preparation. However, the â€Å"essence† of the original substance is considered to remain in the preparation and a â€Å"memory of water† has been postulated. Homeopathic remedies include substances derived from plants, minerals, or animals. Examples are red onion, arnica (mountain herb), crushed whole bees, white arsenic, poison ivy, belladonna and stinging nettle. The remedies are formulated as sugar pellets to be placed under the tongue; other forms, such as ointments, gels, drops, creams, and tablets are also available. Homeopaths generally begin with detailed examinations of their patients histories, including questions regarding their physical, mental and emotional states, their life circumstances and any physical or emotional illnesses. The homeopath then attempts to translate this information into a complex formula of mental and physical symptoms, including likes, dislikes, innate predispositions and even body type. There is no specific drug for disease as in case of modern medicine but collective understanding of patient’s symptom complex and the selection of drug from material medica. There are various â€Å"miASMS’ envisaged and understanding them and, the defect in constitution ultimately leads to the selection of remedy. Themiasms are as follows Psoric, sycotic, syphilitic and tubercular. The homeopathy practitioner chooses how to treat the patient based on the inner physical and mental stress, personality, the symptoms, miasms, individual constitution, personal and family hi story. Homeopathy is being used in various dermatological diseases including infections such as warts, abscesses; chronic conditions such as acne, psoriasis, rosacea, various forms of eczema, etc. Though homeopathy claims to be beneficial in a variety of chronic cutaneous diseases, a review of various trials of homeopathic treatment did not find evidence for any single dermatological condition. The outcome of a therapeutic measure may be due to a placebo effect, the medical intervention or by the natural course of the disease resulting in recovery by the patient. In cosmetic dermatology, homeopathy attempts to alter the patients’ mindset towards changes in beauty and appearance and its perception. In any disfigurement perceived, the cosmetic enhancement needed will be balanced by homeopathic principle of correcting mental and physical disturbances and correcting the miasms which are responsible for various cosmetic problems such as pigmentation, acne, aging, hair loss or exce ss body hair. Homeopathy may be considered as an effective method of communication and counseling for various chronic diseases. Traditional Chinese medicine practitioners use herbal medicines and various mind and body practices (tai chi and qi gong), and acupuncture. The fundamental treatment techniques in acupuncture are either needling, heat, moxibustion, suction or cupping, and pressure (acupressure). Acupuncture techniques have been used in various dermatological conditions including acne and melasma. Its use in cosmetology is now gaining popularity.Facial cosmetic acupuncture is applied to the head, face, and neck and showed improvement in facial elasticity in a pilot study. Aromatherapy is a subset of the  biological  or nature-based  therapies. It consists of therapeutic use of volatile, aromatic essential oils extracted from plants. It has similarities to other forms of herbal medicines; the major difference between them is that, in the former, essential oils are extra cted from parts of the plant, whereas the whole plant is used in herbal medicines. Aromatic forms of medicine have been used traditionally for spiritual, medicinal, social, and beauty purposes. The effects of aromatherapy are believed to result from the binding of chemical components in the essential oil to receptors in the olfactory bulb, impacting the brain’s emotional center, the limbic system. Topical application of aromatic oils may exert antibacterial, anti-inflammatory, and analgesic effects. The essential oils are usually diluted in carrier oils. The essential oils may be extracted from different part of plants such as the leaves (eucalyptus, peppermint), flowers (lavender, rose), twigs (juniper), wood (sandalwood), roots (vetivert, calamus), sap (benzoin, frankincense), and grasses (palmarosa grass, lemongrass). The major chemical components of essential oils include terpenes, esters, aldehydes, ketones, alcohols, phenols, and oxides. Oils high in ketones are known for their wound-healing properties, such as Helichrysmitalicum (everlasting flower) whereas oils high in alcohols are renowned for their antimicrobial and anti-infectious properties (e.g., Melaleucaalternifolia terpinen-4-ol, tea tree). Two lavenders, Lavandula angustifoliaand Lavandula latifolia are high in alcohols, terpenes, and oxides and are noted for their effects in the rapid healing of burns, without scarring or infections. The carrier oils, such as avocado oil, wheat germ oil, sweet almond oil, evening primrose oil, and coconut oil, also have some pharmac ologic activities. The oils may be applied externally in the following ways: therapeutic massage, mixed with a plain vegetable oil, via a compress , as a topical wound dressing, mixed in a gel or paste , as a spray , in a bath , or as an inhalation therapy. Essential oil may be ingredient of gargles and mouthwashes. The internal use of essential oils is very rare. The cosmetic and perfume industry are the largest users of essential oils. Although high-quality evidence of effectiveness and safety for aromatherapy in the cosmetic dermatology field is lacking, few studies are now being reported. Plant-derived essential oils may be a biologically plausible treatment for acne and is being researched. Lavender aromatherapy’s potential to ease anxiety in patients undergoing minimally invasive facial cosmetic procedures has been demonstrated. Positive biologic effect on hair loss and hair regrowth of a pulsed electromagnetic field in combination with essential oils in cases of androg enic alopecia has been demonstrated. Skin appearance affects the self-image via the central nervous system, whereas autonomic, psychoneuro-immunologic, and behavioral factors interact to affect the skin appearance. Psychological counseling and various techniques such as meditation, relaxation, hypnosis, biofeedback and other methods of stress management benefit cosmetic problems such as hair loss, rosacea, aging signs and acne. These techniques also help to reduce anxiety, needle phobia, and pain during various cosmetic and dermatosurgical procedures. The medical spa concept is new and gradually capturing the beauty and wellness market in India. In a medical or dermatology spa (spa environment within a cosmetic set up), the clients avail of treatments and services which have medicinal value and long lasting aesthetic benefits. It can be considered as a blend of medical and aesthetic services offered at a one stop shopping environment. CAM practices such as nutrition/ dietary supplem ents, massage therapy, aromatherapy are employed for skin rejuvenation and integrated within a cosmetic dermatology set up. Though CAM methods are considered safe and free from side- effects, these can cause adverse reactions. As there are no molecular targets available for most of the traditional medicine, it is difficult to assure their safety. The alternate or traditional medicines may contain heavy metals, toxins, allergens which can cause damage to the skin and/or internal organs.Oral herbal medications may be adulterated with steroids, heavy metals, nonsteroidal anti-inflammatory drugs, antihistamines, diuretics, etc. Chinese herbal creams may be adulterated with corticosteroids. Allergic contact dermatitis and photosensitization are common. Both type I and Type IV hypersensitivity reactions have been documented with Ayurvedic oil (Dhanwantaratailam) application. Hepatotoxicity may be seen with commonly used herbal products, such as Ayurvedic and Chinese herbs, green tea, etc. There is a high use of CAM among cosmetic surgery patients along with increasing reports of hematomas associated with herbal and homeopathic medicines. The most common adverse effects with homeopathy were allergic reactions and intoxications. Heavy metals such as arsenic, cadmium, mercury and iron which are used in homeopathy can be toxic. Rhus toxidendron was a frequent cause of adverse reactions. Essential oils used in aromatherapy may be toxic if used inappropriately in the hands of unqualified personnel. Potential hazards from essential oils exist due to their chemical constituents. High proportions of aldehydes and phenols can cause irritant dermatitis; ketones can cause neurotoxicity; potentially carcinogenic components include safrole in sas safras oil or beta-asarone in calamus oil. Phototoxicity, allergic contact dermatitis and airborne contact dermatitis have been reported with aromatherapy. Adulteration in oils can cause dermocaustic reactions, neurotoxicity or have an abortive potential. In the field of CAM, it is difficult for science to catch up to practice due to the lack of funding for appropriate studies. In contrast, it also becomes difficult for practice to catch up to science as new information is discovered. It is also difficult to conduct randomized control trials to demonstrate the efficacy since most CAM therapies are individualized. However, qualitative research is gaining momentum in the field of CAM. The scientific evidence for a CAM product or practice (with respect to safety and efficacy) can be accessed by the literature reviews published in last 5 years in the form of systematic reviews or meta-analysis or randomized controlled trials; and has been made accessible by NCCAM. The Department of Heal th Research, Government of India has also developed a policy for studies on Ayurveda and other traditional medicines. CAM methods are commonly used in our population. Herbal medicines and natural products are an integral part of CAM and the use of botanicals, nutraceuticals and cosmeceuticals are an integral part of cosmetic dermatology practice. Thus a cosmetic dermatologist can be inclined to incorporate CAM in clinical practice to address the patient care needs. However, he/she should have a proper knowledge and experience with specific CAM treatments. In addition, further research into the efficacy, benefits, and risks of CAM methods should be undertaken for a better insight. CAM methods are popular and are commonly used by aesthetic patients to enhance their skin health, beauty and youth. Hence a cosmetic dermatologist needs to be aware of the various CAM practices.The major traditional Indian healthcare system includes AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and H omoeopathy).

Aquinas And Boethius Free Will And Divine Foreknowlegde Philosophy Essay

Aquinas And Boethius Free Will And Divine Foreknowlegde Philosophy Essay This philosophical inquiry is without doubt a major one owing to the very fact that it touches a very significant area of philosophy that has been addressed by a big number of great philosophers; the conception of free-will and divine foreknowledge as addressed by Boethius and St. Thomas of Aquinas. These two philosophers have contradicting views regarding the concepts under consideration and it is therefore important to make a clear understanding of them both but with an emphasis on Thomas who seems to give appealing conclusions compared to Boethius. The paper will be structured in a very clear and concise manner, with part one starting with the introduction to the two philosophers. Then afterwards, will be addressed the concept of free will as discussed by Thomas Aquinas. This emphasis again is not accidental but well calculated owing to the fact that the views of St. Thomas are by far better and reasonable compared to those of Boethius. Like any other superb philosopher, Aquinas pays strong attention to logic and this is going to be observed in the manner that he presents his work. He ensures that he does not end up in self-contradiction, or self-deception. SAINT THOMAS AQUINAS St. Thomas Aquinas was an Italian priest of the Catholic Church in the Dominican Order.He was born in Aquino c.1225, and was an immensely influential philosopher and theologian in the tradition of scholasticism, known as Doctor Angelicus (the Angelic Doctor) and Doctor Universalis (Universal Doctor).  [1]  He is frequently referred to as Thomas because Aquinas refers to his residence rather than his surname. He was the foremost classical supporter of natural theology, and the father of the Thomistic school of philosophy and theology. He considerably influenced Western thought, with much of modern philosophy being as a reaction against, or in agreement with his ideas, particularly in the areas of ethics, natural law and political theory. His works include the Summa Theologica and the Summa contra Gentiles. St. Thomas is one of the 33 Doctors of the Church, and the greatest theologian and philosopher of the church. Pope Benedict XV declared: The Church has declared Thomas doctrine to be her own.  [2]   Thomas joined the Dominican Order at the age of 13, an issue that did not please his family who had expected him to become a Benedictine monk.  [3]  Family members became desperate to dissuade Aquinas, who remained determined to join the Dominicans. At one point, two of his brothers hired a prostitute to seduce him, but he drove her away, wielding a burning stick. According to legend, that night two angels appeared to him as he slept and strengthened his determination to remain celibate.  [4]   Aquinas was sent to study at the University of Paris Faculty of Arts in 1245, where he most likely met Dominican scholar Albert Magnus  [5]  . In 1252, he returned to Paris to study for the masters degree in Theology.Aquinas was more a theologian than a philosopher, and his references regarding philosophers rather refer to pagan rather than Christians.  [6]   BOETHIUS Anicius Manlius Severinus Boethius is his full names. He was born about 480 CE to an aristocratic family that was of Christian foundation. He studied under the influence of the Neo-Platonist Proclus and his disciples for thirteen years. Proclus died in 485, and then shortly his father died. Consequently Boethius lived under the care of Symmachus from whom Boethius married his daughter Rusticiana.  [7]   Boethius lifetime goal was to translate Aristotles complete works, as well as Platos dialogues, wherefore he considered that the two could be harmonized due to their agreements on major philosophical points. In 510 he became consul under the Ostrogoth Theodoric who was by then king of Italy. At 520 Boethius was appointed master of the offices, heading all the government and court services, and at 522 both his two sons too, became consuls. Boethiuss work conception of free-will and divine foreknowledge can be found in his work, The Consolation of Philosophy which is actually a work of literature that is written in a form of prosimetrical apocalyptic dialogueà ¢Ã¢â€š ¬Ã‚ ¦and contains five Books, which are written in a combination of prose and verse.  [8]   Aquinas Epistemological view: Aquinas believed that for the knowledge of any truth whatsoever man needs divine help, that the intellect may be moved by God to its act.  [9]  However, he believed that human beings have the natural capacity to know many things without special divine revelation, even though such revelations occur from time to time, especially in regard to faith.  [10]   The Question of Free-will Does man have free-will? What is free-will -a power, an act, or a habit? If it is a power, is it appetitive or cognitive? If it is appetitive, is it the same power as the will, or distinct? Thomas argued that man possesses free-will for without itcounsels, exhortations, commands, prohibitions, rewards, and punishments would be in vain.  [11]  He logically proceeded to expound on this by first observing how some things acted devoid of judgment; a stone moving downwards, similarly those things too that dont have knowledge. Additionally, in Thomas view some agents act from judgment, but their judgments are not free, such as a brute animal. Thomas, while expounding on this assertion gives an example of a sheep, which upon seeing a wolf, judges that it is a thing to be avoided, an act that is from natural and not free judgment, since it makes this judgment from natural instincts and not from free judgment. Man on the other hand, acts from judgment, due to the fact that by his apprehensive commandhe judges that something should be avoided or sought.  [12]  Therefore, Thomas view is without doubt, correct when he continues to emphasize that man acts from free judgment and retains the power of being inclined to various things because this judgment, contrary to that of brute animal that originates from natural instincts, it results from a process involving comparison in the reason. However, can we say that mans free will is power? This is a question posed by Thomas in his discussions regarding free-will. In answering this he notes rightfully that even though free-will strictly speakingsignifies an act, commonlyThomas calls it free-will, that which is the principle of the act by which man judges freely.  [13]  It is arguably, in the light of Thomas, that in humans the principle of an act is both a habit and a power due to the fact that when we say that we know something, we do so by knowledge and by the intellectual power. Hence free-will has to bea power or a habit, or a power with a habit.  [14]  This affirmation is considered in two ways. First, if free-will is a habit, then it has to be a natural habit; this is because, for man it is natural to have a free-will. For things that come under free-will, there is no natural habit since we are inclined naturally to things that have natural habitsTherefore; it is not a habit in any way. Secondly, habits are defined as that by reason of which we are well or ill disposed with regard to actions and passions  [15]  ; since by temperance; à ¢Ã¢â€š ¬Ã‚ ¦we are well-disposed as regards concupiscences, and by intemperance ill-disposed: and by knowledge we are well-disposed to the act of the intellect when we know the truth, and by the contrary ill-disposed. But the free-will is indifferent to good and evil choice: wherefore it is impossible for free-will to be a habit. Therefore it is a power.  [16]   Thomas, regarding free-will as an appetitive power, asserts that the appropriate act of free-will is choice. This is because of the fact that we can decide to take one thing and refuse the other. It is thenceimportant that we deliberate the nature of free-will, by analyzing the nature of choice. Regarding choice, there is a strong agreement between two things; one on cognitive power, and the other on the appetitive power.Concerning the cognitive power part, there is needed to have counsel, through which according to Thomaswe judge one thing to be preferred to another  [17]  . Concerning the appetitive power, Thomas asserts that it is required that the appetite should accept the judgment of counsel.  [18]  It is in this respect that Thomas counters the Aristotelian conception of choice; that it is not clear whether choice belongs in principle to the appetitive power or the cognitive one because according to him choice is either an appetitive intellect or an intellectual appeti te.  [19]  However Aristotle inclines to its being an intellectual appetite in the process of describing choice as a desire proceeding from counsel.  [20]  This follows from the reasoning that the means to an end is the proper object of choice. Additionally, then, choice is what Thomas refers to as the nature of the good; the useful: this follows from the premise that since good is considered to be the object of the appetite, then it is logical that principally choice is an act of the appetitive power; hence free-will is an appetitive power. Consequently, can we say that free-will is a power distinct from the will? It is rightly argued in the light of Thomas that intellectual apprehension takes into consideration both the intellect and reason, and with regard to intellectual appetitive, we will have free-will which is actually the power of choice as correctly explicated in Thomas Summa. This connection is correctly observed in both the objects and respectful acts. Thomas gives an illustration of what it means to understand when he continues to note that understanding implies the simple acceptation of something (whereby) we say that we understand first principles, which are known of them without any comparison.  [21]  However, regarding reasoning, as Thomas points out, means to come from one thing to the knowledge of another: wherefore, properly speaking, we reason about conclusions, which are known from the principles.  [22]   Divine Foreknowledge by Boethius and Thomas Aquinas The issue of the foreknowledge of God is a mystery that St. Thomas Aquinas, Augustine and Boethius all struggled with. Divine foreknowledge involves the idea that the will of God enunciated itself most expansively in divine foreordainment, whence the plan of salvation is an essentialportion. Consequently, Christ was, apparently, predestined. This, of course, means that God discerned that evil would come into the world and that Jesus had to redeem mankind. Nonetheless, while God knew that evil would come into the world, he also willed an end, and in this his action can be seen as perfect. To safeguard his own freedom, God caused events contingently, without necessity, implying that he had free causation. God, therefore, predestined contingently. In this way, we can understand that God was not the captive of his own action, but remained free.  [23]   Boethius Consolation, Freedom and Divine  Foreknowledge Regarding divine foreknowledge, initiallyproposes the problem of divine foreknowledge as anissue for further philosophical debate. In this case, hequestions on how God happens to have dependable foreknowledge concerning contingent future events as knowledge requires necessityIn reference to Boethius, if God necessarily knows that an individual will excel in school at some future time, then it seems that the individual in question cannot fail to excel, implying that he is devoid of free-will and that excelling is not contingent. However, it is outrageous to repudiate the freedom of the will in Boethiuss view, since this could signify the absence of vices and virtues.  [24]   This problem has been philosophically addressed in chapter VI which involves a distinction between simple and conditional necessity. First, in the case of simple necessity there is a connection between it and nature henceat this point it is a necessary truth meaning that man is a rational animal.  [25]  On the other hand, conditional necessity is not tied to the nature, but rather to some contingent state of affairs and on a particular moment. As an example, if for instance, I saw Johnstanding. Upon seeing him, it is conditionally necessary that he bestanding because he is standing at that time, but there is nothing in his nature that forces him to be standing. A moment later he can choose to seat. This conditional necessity is sufficient for me to have knowledge that John is standing. Thus my present knowledge and Johns contingent willing to stand are thus perfectly compatible. However, there arises a problem with define foreknowledge in the sense that it asserts a conditional necessity of both present and future state of affairs. Thus, for philosophyto resolve Gods infallible foreknowledge with future contingents, it proposes a widely significantexplanation of eternity. Accordingly eternity is the whole, simultaneous and perfect possession of boundless life, which becomes clearer by comparison with temporal things  [26]   Philosophy expounds on eternity by basing the conception of divine experience of time in divine simplicity.Under this understanding, it is correct to note that when it comes to Gods experience, there is no past, present and future of time;instead all temporal events are present concurrently to Gods simple knowledge. Thus, correct reasoning says that if you should wish to consider his foreknowledge, by which he discerns all things, you will more rightly judge it to be not foreknowledge as it were of the future but knowledge of a never-passing instant  [27]  . God can have infallible knowledge about what James will do in the future, because God, in his simple eternal knowledge, already sees James doing it. Thus, the infallibility of Gods knowledge is established on a conditional necessity, which preserves the contingency and freedom of James willing and choosing. Moreover, prayer and human morality remain necessary as acts of free human creatures. One can be punished for acting wrongly most likely because one had the freedom to do the alternative. Similarly, it is possible to petition God; this does not mea Gods mind about what he has already decreed to do in the future changes, but just because God does things simultaneously that is from his point of view with seeing our prayers in the present -from the human perspective. Thence, this also leaves open the possibility of an Augustinian free-will theodicy, since Gods knowledge of future evil choices does not imply that God causes the wicked to be wicked.  [28]   However, the Boethian solution contradicts the first premise of the rudimentary argument: (1) Yesterday God infallibly believed X. What Boethian solution denies is not that God believes infallibly, and not that God believes the content of proposition X, but that God believed Xyesterday. Boethiuscontended that God is not in time and that God has no temporal properties, so God does not have beliefs at a time. This argument unfortunately therefore unfortunatelynotes that God had beliefs yesterday, or has beliefs today, or will have beliefs tomorrow. God cannot be taken to have believes on certain moments, the way humans tend to do. And thus, the way Boethius describes Gods cognitive grasp of temporal reality, all temporal events are before the mind of God at once. To say at once or simultaneously is to use a temporal metaphor however on the contrary Boethius is clear that it illogical to think of the whole of temporal reality as being before Gods mind in a single temporal moment. But a more concise and logical argument comes from Aquinas who, though adopted the Boethian solution as one of his strategies out of theological fatalism, using some of the same metaphors as Boethius. As an example to this, we have metaphor of circle analogy, in which the way a timeless God is present to each and every instant is matched to the way in which the center of a circle is present to each and every point on its circumference. In contemporary philosophy probably the most well-known defenders of the idea that God is timeless are Eleonore Stump and Norman Kretzmann (1981), who apply it explicitly to the foreknowledge dilemma (1991). Most objections to the timelessness solution to the dilemma of foreknowledge and freedom focus on the idea of timelessness itself, arguing either that it does not make sense or that it is incompatible with other properties of God that are religiously more compelling, such as personhood. I have argued that the timelessness move does not avoid the problem of theological fatalism since an argument structurally parallel to the basic argument can be formulated for timeless knowledge. If God is not in time, the key issue would not be the necessity of the past, but the necessity of the timeless realm  [29]   CONCLUSION From the above analysis is very important to conclude with an affirmation of the philosophical concepts as advanced by Thomas. The Thomistic philosophy offers superior reasoning in terms of freedom and knowledge. The arrangement is logical and devoid of contradictions as it has been observed in other philosophers, Boethius being no exception. I therefore conclude this paper with an affirmation that men have free-will but this free-will doesnt dispute Gods omniscience because Gods perspective is not mans perspective, due to His Supremacy.

Saturday, July 20, 2019

Telemachus in The Odyssey Essay -- Papers Odyssey Essays Papers

Telemachus in The Odyssey The first four books of the Odyssey are sometimes known as 'Telemachy'. It is a self-contained section that could in fact be easily removed, allowing the story to begin with Odysseus without damaging the plot. They deal with Telemachus' struggle and coming of age through his travels and quest. Telemachus is sent on his travels because although he has grown to adulthood, when Athene first visits him in book one, he is somewhat pathetic, lonely and very much a young boy and is not strong enough to remove the suitors from his father's palace: "Sitting disconsolate among the Suitors, imagining how his noble father might come back out of the blue, drive the Suitors headlong from the house, and so regain his royal honours, and reign over his own once more" Telemachus had no one strong to support him and there were 108 suitors for his mother. Telemachus at this point would not impress the great Odysseus (his father). As Telemachus was only an infant when his father left for Troy, he was desperate for some news about him. Telemachus says that he knows that he is Odysseus' son only by what he has been told and he is also very negative about ever finding his father, and his conviction that he is dead is obvious: "My father's unhappy end" Also, his grandfather Laertes was not at the palace and so he has no male role model to lead him on the right path to becoming a man. His travels also give Telemachus a chance to develop his own identity and Kleos and become a man. He develops somewhat in books one to four. Kleos in Homeric context meant what people said of you and defined how you'd be r... ...s, which tie him to his childlike life with his overly emotional mother. He needs to learn about being a hero and polite etiquette in the company of gods or heroic men. He must prepare himself for the imminent arrival of his father, which is delayed by Homer whilst Telemachus becomes a son resembling his father in ways other than physically. He gains a role model in characters such as Menelaus and a positive attitude that comes from reassuring words from him and confidence from Athene. Telemachus discovers the last known whereabouts of his father, is given hope that he could still be alive and learns that his father was indeed a hero with many important friends. We feel sorry for Telemachus' difficult childhood, and yet think that he needs to become a stronger, more confident character, that his father can be proud of.

Friday, July 19, 2019

Frustration and Denial in Morrisons Sula Essay -- Sula Essays

Frustration and Denial in Morrison's Sula A book which is most celebrated for its tale about friendship is found to have a more important theme and role in literature. "In Search of Self: Frustration and Denial in Toni Morrison's Sula," the author Maria Nigro believes Sula has much more important themes in modern literature. "Sula celebrates many lives: It is the story of the friendship of two African American women; but most of all, it is the story of community" (1). And it's not just any community is the community of the Bottom. African Americans who are a working class community. Their main problem is surviving. They must work any job they can get so that they and their families can live a life with food and a roof under their head. These jobs and sacrifices shape each of their lives. Nigro claims this is the most important theme in Sula because working-class people have been left out of modern literature. "literature has been created for the cultural elite, and the rest of us have come to consider literature as a reflection of an elitist lifestyle to which the ordinary person cannot hope to relate" (1). Sula proves to fit this hole missing in the literature world. A community that seems to have all the cards stacked against them. Being black during this era, 1915-1965, means fighting for survival. It means scrimping to get by, doing menial jobs, doing all they can to get by. Nigro continues on describing the women of Sula. The struggles of Eva after Boy-Boy leaves, unable to get a decent paying job because she was a black woman. Finding herself sacrificing her leg for the love of her children. How Eva shaped the lives of her ... ...introduction I believed Nigro thought the novel was important because it gave every working-class person a representation in today's literature. But by the end it's clear she meant it gave the African-American working-class person, if not the whole race a representation in today's literature. Even though each group, African-American's and the working-class community, are missing from today's literature; I think Nigro could have made her purpose or thoughts a little more clear. This article gave me a wider prospective on the whole theme of Sula. And since I have chosen to write about the women in Sula and their struggles to survive I found the article very useful in narrowing down my argument. And even though her thesis might have not matched her entire article, Nigro definitely understood Sula, the women, and the many themes of the novel.

Thursday, July 18, 2019

capital punishment Essay -- essays research papers

The Ineffectiveness of Capital Punishment For many years, capital punishment has been in use, but it is not been effective. Theodore Robert Bundy in 1978, slipped into a Tallahassee sorority house and bludgeoned two sleeping women to death, then killed a 12-year-old girl in Lake City. He was sentenced to three concurrent death sentences in 1979. Nine years later, Bundy is alive and well on the Death Row (Von Drehle 1A). A prisoner sentenced to death spends an average of 10 years, nationally, on death row waiting for their execution. More than 2,100 people live on America's death Rows. At the current execution rate, it would take eighty-two years to kill them all. Death Row is going to get bigger, the wait for execution is sure to get longer, and the cost is bound to get higher. At this rate, it seems that capital punishment will never become a reasonable or efficient means of controlling violent crime. Charles Proffitt murdered Joel Medgebow by stabbing a bread knife into Joel's chest while he was sleeping, an act well determined to be premeditated in the case’s court sessions. Three years after the crime was committed, using Profitt vs. Florida as its test case, the US Supreme Court officially gave its support to Florida's death penalty. "Profitt could be dead in six months", said Attorney General Robert Shevin (von Drehle 1A). Today, 15 years after his heinous crime, Charles is still alive and well, and living off of the money paid by Florida state tax payers, as should be well noted. He is sewing uniforms at the Florida's state prison. The Supreme Court commuted his sentence last year to life in prison. The state of Florida spent five hundred thousand dollars in one decade to bring Proffitt to justice and half of that was spent to send Proffitt to the his death in the electric chair. The death penalty is slow and weak. It actually ends up costing much more than life in prison without parole, and all of that cost coming from tax payers’ money. It has cost Florida at least fifty-seven million dollars since 1973 to achieve eighteen executions. There is an average cost of three million two hundred thousand dollars per execution (Miami Herald, July 10, 1988). Thirty-six inmates on the Florida's death row have been there more than 10 years. Florida's senior De... ...onvicted murderer fears a life in prison more than he does a swift execution. Hence, if the threat of being killed for killing someone isn’t as great a detereent of these violent crimes as the threat of spending the rest of your life in a jail cell, then why even consider the death penalty? Lastly, restitution of the damage. A criminal would be expected to make some sort of reparation for the damage they cause. If they break a window, they replace it. If they stale a car, they replace that. However, if a criminal takes a life, killing them doesn’t give them much of a chance to make reparations, does it? Rather, instead of killing them, put them to work, so that the remainder of their lives might be spent contributing to society so as to try and replace the life they took by producing as much as two people do. The final verdict on this topic, then, should not be one of support for the death penalty, but rather of opposition to it. It is more expensive, it is less effective, and above all, it is wrong. To continue to allow the death penalty is to continue to allow the states to wander around blind in search of a greater good for itself and its citizens.

Museum Paper

The purpose of this paper is to visit The Metropolitan Museum of Art and write a reaction paper about art works at the museum based on my impressions about them. To begin, I will start by giving you a little of background information about this interesting museum. The Metropolitan Museum of Art was founded in 1870 by a group of American citizens. It opened on February 20, 1872 and was originally located at 681 on Fifth Avenue. Also known as â€Å"The Met†, the museum is located on the eastern edge of Central Park in New York City. It has a permanent collection containing more than two million works of art.The main building of the Met is one of the world’s largest art galleries. The museum permanent collection includes art from classical antiquity and Ancient Egypt, paintings and sculptures from nearly all of the European masters and an extensive collection of American and modern art. The Met also maintains extensive holdings of African, Asian, Oceanic, Byzantine, and Is lamic art. The museum is also home of encyclopedic collections musical instruments, costumes and accessories and antique weapons and armor from around the world.As of today, The Met measures almost a quarter mile long and occupies more than two million square feet. When I went to the museum I was amazed by it size. It’s a huge building. It has so many steps at the main entrance and you almost can’t walk because so many people are seating at the steps. It is incredible how many people go to the museum. I was surprise. I didn’t think so many people were going to be there from so many places from the city and all across the world. You cannot walk without bumping another person. It is very interesting seeing and learning about all the arts and sculptures you see in there.I saw a â€Å"Bone Doll† that I found very interesting because it was made with bones incised with schematic anatomical feature formed from a series of geometric shapes and has short arms. Th ere are more elaborate examples that have hair. I also saw a mummy with an inserted panel portrait of a youth from Hawara a part of Egypt. His downy moustache indicates that he was no older than his twenties. I found a Seated Statue of the monarch Idu II Dendera funny because to look at the statue you have to look through a rectangular hole that is in the wall. I think that also makes people curious to look, to see what’s inside there.I didn’t like the painting â€Å"The Man of Sorrows† by Michele Giambono because the man in the painting was bleeding real badly. It was an image of Saint Francis receiving the stigmata with a figure of Christ as the man of sorrows. The painting was done using tempera and gold on wood. I liked the painting of Girolamo dai Libri called â€Å"Madona and Child with Saints† because it was a very peaceful environment. Tempera and oil on canvas was used in the painting. The drawing â€Å"A Hunting Scene† is a very interesti ng painting but I didn’t like it because too much violence was involved. The whole drawing is base on killing.Tempera and oil transferred to masonite were used. The drawing â€Å"Hercules and Achelous† is very interesting because Hercules is fighting Achelous who transformed himself into a bull in order to fight Hercules for the favors of Deianeira. In the struggle, one of his horn snapped off and Nymphs filled it with flowers and fruits creating the Cornucopia, Horn of Plenty. In conclusion, I will talk about the most interesting place in the entire museum for me, The Temple of Dendur. It’s amazing how beautiful this place is. At the entrance, you encounter yourself with two big statues that make it looks like if they were guards of the temple.It also has a very interesting pool aria as part of a landscape of the temple. It’s very beautiful and it gives another look to the temple. At the center, they have two little buildings that you go inside and look at them, and around, they have these kind of benches that you can seat and rest if you have been a while in the museum because trust me, you will get tired. The museum is so big and interesting that you just want to see every little corner like I did. I recommend people to take some time and visit the Met museum because it’s worth going to.

Wednesday, July 17, 2019

Genetics of Alcoholism. Does Alcohol Dependence Depend of Race

crapulence is very all known occurrence that wear a place in every culture. Modern medical definitions name drink as a unhealthiness and addiction which results in a fixed use of inebriantic beverage despite disallow consequences. Although this definition do non assure current and on-going use of alcoholic beverage as a qualifier for alcoholism, some do, as well as remarking on the long-run effects of consistent, heavy alcohol use, intromit dependence and symptoms of withdrawal. Psychiatric familialists John I. Nurnberger, younger and Laura Jean Bierut suggest that alcoholism does not know a single movementincluding agentticbut that factors do symbolise an important role by impact processes in the body and brain that act with one another and with an individuals life experiences to adduce protection or susceptibility. They also score that fewer than a dozen alcoholism-related factors father been identified, but that more wishly look disc overy. At least one g enetic test exists for an allele that is correlated to alcoholism and opiate addiction. Human dopamine receptor genes submit a detectable variation referred to as the DRD2 TaqI polymorphism.Those who possess the A1 allele (variation) of this polymorphism have a small but pregnant tendency towards addiction to opiates and endorphin releasing drugs like alcohol. Although this allele is slightly more reciprocal in alcoholics and opiate addicts, it is not by itself an satisfactory predictor of alcoholism, and some researchers argue that shew for DRD2 is contradictory. Also, studies indicate that the pro chance of men with alcohol dependence is higher than the pro pile of women, 7% and 2. 5% respectively, although women atomic number 18 more defense slight to long-term consequences of alcoholism.Around 90% of adults in coupled States consume alcohol, and more than 700,000 of them be interact daily for alcoholism. Professor David Zaridze, who led the internationalist research t eam, calculated that alcohol had killed triple million Russians since 1987. In the United Kingdom, the matter of dependent drinkers was calculated as over 2. 8 million in 2001. The globe Health Organization estimates that about cxl million tidy sum throughout the human being suffer from alcohol dependence and controlling number of them is European large number. 70% of Asiatic people, according to Svetlana Borinskaya PhD.Laboratory worker of institute of habitual Genetics behalf of the Vavilov, have a accompaniment gene that workings as a protector from alcohol addictive syndrome. My meditation statement is that Asiatic people are less predisposed to become an alcohol addictive that European people. In monastic order to test my hypothesis I entrust use an testal method. In my essay I forget need twain chemical groups of participants, both groups go out be experimental. basic group provide contain speed of light participants that break down to European race, second group will contain 100 participants that belong to Asian race with Asian gene of alcoholic protector.In my experiment I will try to select in ecumenical alike participant from the physical display floor of view. Also they should not be active alcohol users or they should be people that never taste alcohol. at that place are criteria for participants males, 25-35 years old, weight 70-90 kg, superlative degree 170-190 cm, average constitution, good health, average complaisant status and average economical status. investigate will last two months. In the beginning of my experiment I will place participants in two houses. During experiment they will have five ingestions per pie-eyed solar day breakfast, dinner, snack, lunch and supper.Then every day forwards ingestion they will receive portion of vine- 400 g. and also they will have an access to vine. Vine intake before ingestions and publish access to vine will lasts one month in the second month we will stop acce ss to vine and also in taking vine before ingestion. And during whole this month observe their behavior. After second month of experiment we will give them a portion of vine. Also directly by and by experiment we will ask them to judge their self-appraisal about them from the alcohol dependence manoeuvre of view.Then according to participants reaction to final portion of vine and also refers to a self-appraisal of participants we will salt away and because analyze data. There are three expected outcomes of the research First, European people will demonstrate less allowance account to alcohol dependence then Asian people and it will mean that my hypothesis is right and Asian gene is worked as alcohol dependence protector. Second, there will be no leaving between European and Asian people from the tolerance to alcohol dependence point of view it will mean that Asian gene do not make for to alcohol protector mechanism.Third, European people will demonstrate higher tolerance to alcohol dependence then Asian people, it will mean thatAsian gene do not influence to alcohol protector mechanism or works inversely than that we suppose.

Tuesday, July 16, 2019

Only the Strong Survive

Only the Strong Survive

The price of capital has increased.There is a big difference between the shipbuilding market of 2002 and 2013, however.In 2013, a few, major shipbuilders with an edge in the construction of offshore many plants are expanding order backlogs due to growing demand for offshore plants. We anticipate investments in offshore E&P projects will continue to rise, as we expect oil prices will remain high. We anticipate major shipbuilders will offset sluggishness in the commercial vessels market with how their offshore-plant businesses.Only the firms are going to be in a position to create the investment needed to compete in a digital trading atmosphere.[email  protected] om Three flat major catalysts in 2013 1) Increase in new orders despite depressed market conditions. 2) Improved cash flow and balance sheets. 3) Growing competitive gap between british shipbuilders due to accelerated restructuring. Historic low P/B presents attractive valuations We expect Korean shipbuilders will be abl e to maintain their competitive edge regardless of the depressed shipbuilding market.

Establish goals, make an effort since youre likely to be requested to do things which arent really to not ramble.We find Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) to be the best among shipbuilders that focus on mid-to-small vessels. We raise our target price on Samsung Heavy Industries by 5% to W46,200 to reflect its stable earnings and solid order flow; however, we downgrade our rating of Hanjin Heavy I&C (097230 KS/Hold) from Trading Buy to Hold. Three major domestic shipbuildersE cash flow and share performance (Wbn) 10,000 Avg. ash cerebral flow of major shipbuilders (L) Avg.Thus the liberty of everyone is the outcome of solidarity.Three major domestic shipbuildersE order trend and forecast (Wbn) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 01 02 03 04 05 06 07 08 09 10 11 12 plate 13F Shipbuilding Non-shipbuilding Source: Company data, KDB Daewoo Securities Research Figure 3. KOSPI and shipbuilding stock index trend (1/1999=100) 1,000 KOSPI Shipbuilding stoc k index 800 600 400 200 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 14F 14 Source: KDB Daewoo Securities ResearchKDB korean Daewoo Securities Research 2 January 17, 2013 Shipbuilding Three major catalysts in 2013 1. New orders for major Korean shipbuilders to increase sharply In 2013, we expect major Korean shipbuilders will see sharp increases in new orders. Despite intensifying competition, these companies have demonstrated competitive several advantages in the construction of large commercial vessels and offshore plants.

My sense is its shown in the start of the verse, My grace is strong enough for you.In particular, we expect orders for certain high-priced vessels, including FPSO and LNG FPSO, to increase. 2.Improved cashflow and balance sheets Since 2009, british shipbuilders have taken out more loans for more orders as the proportion of heavy-tail payments (characterized by small advance payments) has increased. On a more positive note, however, we expect shipbuilder loans to decrease (thus improving cashflow) as these contracts are paid off toward late 2013.Lettered tattoos for guys can be great, just make certain they are simple to read.Second phase of restructuring to further consolidate industry We anticipate the shipbuilding market will remain weak due to the global economic downturn, logical and the tightening of ship financing. We project the current, still-surviving shipbuilding companies will aggressively seek new orders to strengthen backlogs. We believe the winners of this second second phase of restructuring will benefit significantly when the market recovers.Amid the current drop in vessel construction, the percentage of bulk carriers and tankers (out of total orders) has decreased significantly, while the percentage of megacontainerships and LNG carriers has increased.

Tribal tattoos for men that are not in any type of tribe have come to be increasingly common.Another risk factor is won appreciation, but at current levels, we believe risks are limited, thanks to Korean shipbuildersE technological edge, and dollar denominated payment for raw materials, which accounts for 40% of total raw organic material purchase. KDB Daewoo Securities Research 3 January 17, 2013 Shipbuilding Figure 4. Three major domestic shipbuildersE cash flow logical and share performance (Wbn) 10,000 Avg. cash flow of major shipbuilders (L) Avg.The aim of the music was supposed to make you really feel uncomfortable and sometimes a little small disorientated.7% 8 0 2008 2012 Source: Clarkson, press release, KDB Daewoo Securities Research Figure 6. Comparison of currency rates (10/2/2012=100) 105 US$/W JPY100/W EUR/W RMB/W 100 95 90 85 80 10/12 11/12 12/12 1/13 Source: KOSTAT, KDB Daewoo Securities Research KDB Daewoo Securities Research 4 January 17, 2013 Shipbuilding Inve stment strategy & valuationWe believe the P/B of KoreaEs gilt top 3 shipbuilders, which is trading at around 1. 0x, should rebound to 1. 2x, a level seen historically as the low, thanks to the aforementioned three major catalysts.

old Folks who make the decisions.nd Sembcorp Marine (Singapore companies specialized in offshore plant). In light of the ongoing eurozone crisis and unstable global economy, shipbuilding new shares are expected to trade between a P/B of 1. 0x~1. 3x.Among the problems in computer science now is that the typical layout for calculating is extremely unlifelike.Figure 7. Major shipbuildersE ROE, P/B trends (Market cap, Wtr) 4. 0x (%) 50 3. 0x 40 90 60 2.

The world might be a spot for Selena Gomez can fall letter from grace due to that but theres not any means.New order trends (US$bn) 30 25 20 15 10 5 0 03 04 05 06 07 08 09 10 11 12 HHI SHI HMD Figure 10. Order backlog trends (US$bn) 60 50 40 30 20 10 0 07 08 09 10 11 12 HHI SHI HMD Source: Company Data, KDB Daewoo Securities Research Source: Company Data, KDB Daewoo Securities Research Figure 11. Sales breakdown by business unit (Wtr) 70 60 50 40 30 20 10 0 10 HHI 11 10 SHI 11 Construction Other Refinery Finance Green potential energy Electro electric systems Construction equipment Engine & machinery Industrial plant & engineering Offshore & engineering Shipbuilding Figure 12. Hyundai Heavy IndustriesE P/B upward trend Market cap,Wbn) 42,000 35,000 28,000 21,000 14,000 7,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 3.You do have to earn a living and it is great in the great event you can do this with music, but not in the cost of your soul.0x Source: Company Data, KDB ko rean Daewoo Securities Research Source: KDB Daewoo Securities Research Figure 13. Samsung Heavy IndustriesE P/B trend (Market cap,Wbn) 14,000 12,000 10,000 8,000 1. 0x 6,000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F 2. 0x 6.

Men have another reason behind choosing a mate.5x 6,000 2. 0x 1. 5x 4,000 1. 0x 2,000 0.Such men want the endurance to keep a high degree of combat readiness.0 Figure 18.EPS growth-P/E comparison (P/E, x) 20 Keppel 2. 0 Sembcorp Mitsubishi HHI 1. 0 Guangzhou Sumitomo giant Mitsui (ROE, %) 0.

It will happen once begun.6 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 8. 5 Market P/E (13F, x) 9. 0 KOSPI 1,977.There is simply no doubt.1 Foreign Ownership (%) 19. 6 Major Shareholder(s) Mong-Jun Jung et al. (21. 31%) Treasury shares (19.

Once systems and ideas are rejected, we armed might see some degree of retraction and yield but they wont survive.7 Relative -0. 9 -12. 6 -27. 1 One step back for twenty two steps forward ? ? ? Targeting orders of US$29.However, we expect the company to record robust orders in 2013, boosted by a pickup in the offshore/onshore plant market. The companyEs earnings how are anticipated to turn around in 2H13, while its cash flow should improve on massive orders and an increase in heavy-tail payments. HHIEs shares how are trading at a 2013F P/E of 8. 5x and a P/B of 1.In 2013, however, the company will be able to achieve its order target of US$29. 7bn in light of new its strong determination to revamp its business structure. 2) The company is anticipated to receive massive offshore/onshore plant orders.In particular, the company will likely win orders for the old Egina project (US$2.

4) Exports of construction equipment and ultra-high voltage transformers should also increase on recoveries in the US and Chinese economies. ) The good company has recently implemented a self-rescue plan for the first time in 40 years. While the number of applications for HHIEs early retirement plan (pushed through at end-2012) missed expectations, the company has subsequently carried out structural reform measures. We expect the companyEs long-term restructuring efforts to positively affect earnings going forward.7 3,782 6. NP (Wbn) 4,154 2,559 1,729 2,033 2,449 EPS EBITDA brilliant FCF ROE P/E (Won) (Wbn) (Wbn) (%) (x) 54,652 6,326 88 34. 5 8. 1 33,671 5,473 -504 16.1 8. 5 32,218 4,768 2,297 12. 2 7. 1 P/B (x) 2.9 EV/EBITDA (x) 6. 5 5. 3 8. 5 6.

8 12/12F 54,741 49,759 4,981 2,496 2,485 2,485 110 233 -240 2,595 766 1,829 0 1,829 1,729 100 1,568 1,458 110 3,469 -2,260 6. 3 4. 5 3. 2 12/13F 58,433 52,473 5,960 2,630 3,331 3,331 -448 248 -200 2,882 749 2,133 0 2,133 2,033 100 1,872 1,762 110 4,320 2,005 7.0 3. 9 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables report Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total Assets Current total Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital Stock Capital economic Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 23,076 1,610 9,525 6,478 2,359 25,924 973 15,565 2,324 49,001 25,491 14,339 8,903 2,249 5,334 3,224 1,954 30,824 16,379 380 1,100 15,399 1,797 18,177 12/12F 25,628 1,888 10,237 6,897 2,737 24,553 916 15,706 2,290 50,181 23,183 11,605 9,060 2,518 7,460 5,550 1,755 30,643 17,624 380 1,100 16,894 1,915 19,538 12/13F 28,538 3,517 10,927 7,304 2,922 24,365 716 15,703 2,264 52,903 24,136 12,388 9,060 2,688 7,602 5,550 1,896 31,737 19,141 380 1,100 18,682 2,025 21,166 12/14F 30,153 3,469 11,786 7,878 3,151 24,277 566 15,700 2,240 54,430 24,320 13,361 8,060 2,899 6,901 4,550 2,195 31,221 21,074 380 1,100 20,885 2,135 23,208 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and great Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible total Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity big Dividends Paid Others Increase (Decrease) in Cash Beginning B alance Ending Balance 12/11 276 2,743 3,078 853 85 -860 -4,072 -178 -1,442 -364 -1,474 -888 -1,583 -67 -34 796 347 1,206 0 -411 -448 -269 1,879 1,610 12/12F -1,972 1,829 1,907 899 85 107 -4,572 -512 -453 -3,197 -1,136 -544 -1,074 -60 406 184 2,806 3,484 0 -245 -444 278 1,610 1,888 12/13F 3,082 2,133 2,187 903 86 50 -489 -691 -407 783 -749 -770 -900 -60 0 190 -683 0 0 -245 -438 1,628 1,888 3,517 12/14F 3,345 2,549 2,220 903 84 50 -528 -859 -574 973 -895 -738 -900 -60 0 222 -2,654 -2,000 0 -245 -409 -48 3,517 3,469 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit economic Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity high Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 7. 6 10. 6 8.7 5. 0 1. 3 1. 1 1.2 5. 2 33,671 22,750 26,750 32,218 46,009 35,699 39,772 45,203 203,367 220,183 240,492 266,237 4,000 0 4,000 4,000 9. 6 0. 0 12.

8 1. 8 43. 8 1. 9 6.5 10. 4 -18. 0 -45. 2 34.6 20. 4 5. 9 6. 0 6.2 8. 3 4. 1 4. 8 5.

1 4. 8 16. 7 10. 2 11.0 11. 2 169. 6 156. 8 150.2 124. 0 40. 8 45. 3 34.6 9. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities further Research 9 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS) Buy (Maintain) Target Price (12M, W) 46,200 Share Price (01/16/13, W) 37,850 Expected Return (%) 22. 1 EPS Growth (13F, %) 0. 6 Market EPS Growth (13F, %) 19.

0 Free Float (%) 69. 5 52-Week Low (W) 31,650 52-Week High (W) 42,350 Beta (12M, Daily Rate of Return) 1. 57 Price Return Volatility (12M Daily, %, SD) 2. 3 Foreign Ownership (%) 32.05%) Price Performance (%) 1M 6M 12M ablative Absolute -2. 7 4. 3 12. 3 Relative -1.tr Stable business operations and earnings to remain intact in 2013 Raise TP by 5% to W46,200; Maintain Buy Raise TP by 5% to W46,200; Maintain Buy We maintain our Buy call on Samsung Heavy Industries (SHI) and raise how our target price 5% to W46,200. In deriving our target price, we applied a 5% premium to the companyEs lowest P/B level since 2005 (1. 3x). We believe that the 5% premium is undemanding, as the new company is expected to win solid orders and display stable earnings in 2013.3x. We think that SHI has strong investment merits in light of its competitive edge, stable earnings, robust growth potential, and cash flow improvement. Investment summary 1) Domestic institutions how are most optimistic on SHI am ong the three largest domestic shipbuilders. SHI has proven its superior competitiveness in the offshore plant business, including FLNG and drillships.

As such, the company will be able to repay its debt and strengthen its financial structure. 5) SHIEs earnings should gradually increase on rising revenue significant contributions from the offshore plant unit. Share price 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 13,146 13,392 14,875 14,980 15,751 OP OP Margin NP (Wbn) (%) (Wbn) 1,433 10. 1,000 1,160 8.7 3,685 1,455 1,556 19. 4 4,021 1,551 282 18. 4 4,044 1,514 931 15. 8 4,396 1,667 978 14.4 8. 6 P/B (x) 2. 1 1. 2 1.4 6. 1 5. 5 4. 5 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 10 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) Comprehensive net Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (A dj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit less Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 13,392 11,628 1,763 681 1,083 1,160 -10 -25 -32 1,150 299 851 0 851 851 0 616 616 0 1,455 1,556 10.

2 6. 2 12/13F 14,980 13,017 1,962 764 1,198 1,198 4 -44 0 1,202 268 934 0 934 934 0 925 925 0 1,514 931 10. 1 8. 0 6.6 5. 3 1. 2 5. 4 3,685 5,296 22,582 500 12.0 -14. 9 2. 8 23. 3 3.4 91. 3 25. 8 57. 5 12/12F 9.

0 0. 0 11. 1 6. 6 5.7 5. 8 18. 4 18. 9 182.7. 0 1. 3 5. 5 4,044 5,410 30,381 0 11.2 0. 6 4. 0 27. 1 4.

5 126. 4 -10. 3 69. 5 12/14F 8.0 0. 0 5. 2 10. 1 13.1 6. 4 14. 9 19. 1 121.4 EPS economic Growth (13F, %) 45. 2 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 13. 1 Market P/E (13F, x) 9.

58 Price Return Volatility (12M Daily, %, SD) 2. 4 Foreign Ownership (%) 18. 1 Major Shareholder(s) Hyundai Samho Heavy Industries et al. (46.We expect HMD to maintain stable rapid growth in orders and earnings, despite the global economic slowdown and eurozone fiscal crisis. Indeed, among small- to mid-sized shipbuilders, HMD is the company most favored by shipowners. Amid an expected further slowdown in the shipbuilding market, the company is anticipated to display distinguished share performance in 2013. Given HMDEs cash holdings of W450bn logical and the value of its stake in Hyundai Heavy Industries (W1.Investment points ) We believe HMD will continue to display outstanding performance among small- to mid-sized Korean british shipbuilders in 2013. Even amid intensifying competition due to limited orders and low ship prices, the company is expected to enjoy stable orders, earnings, and cash flow this year. 2) HMDEs competitiveness comes from its productivity, financing capa bility, and the quality of its products. It also boasts strong cost competitiveness as the company purchases raw materials at relatively lower prices from the Hyundai top Heavy Industries Group.5 3. 3 6M 6. 4 -2. 4 12M 11.

1 4,624 378 8. 2 200 9,992 441 -633 5. 5 11. 2 4,404 126 2.4 13. 1 4,855 230 4. 235 11,770 293 416 7. 4 10.2 1. 0 13. 8 0. 9 8.2 4. 3 12/12F 4,404 4,002 402 276 126 126 41 -8 -2 167 41 126 0 126 131 -5 -274 -265 -9 192 -563 4. 4 2. 9 3.

0 4. 7 4. 9 Statement of Financial Condition (Summarized) Wbn) Current total Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant logical and Equipment Intangible Assets Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities grand Total Liabilities Controlling Interests Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 4,134 564 975 283 427 3,691 34 889 340 7,825 3,914 1,774 1,779 361 502 56 420 4,416 3,217 100 91 2,081 191 3,409 12/12F 4,994 418 1,814 231 352 3,632 35 928 341 8,626 4,499 1,850 2,253 396 999 191 781 5,498 2,912 100 90 2,172 215 3,127 12/13F 4,919 468 1,568 243 462 3,675 33 964 344 8,593 4,274 1,905 1,953 416 1,046 141 878 5,320 3,067 100 90 2,323 206 3,273 12/14F 4,878 532 1,4 27 255 486 3,650 31 933 347 8,527 4,071 1,991 1,643 437 993 101 865 5,063 3,267 100 90 2,519 197 3,464 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation year Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other current Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others significant Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 -697 202 311 62 1 -213 -1,075 -190 -54 -593 -135 441 -100 -4 400 145 93 245 0 -93 -59 -168 732 564 12/12F -816 126 78 65 2 -12 -969 -220 52 66 -50 150 -112 -4 79 186 516 601 0 -39 -46 -146 564 418 12/13F 489 185 71 64 1 10 291 247 -12 56 -58 -47 -100 -4 0 57 -392 -350 0 -39 -2 50 418 468 12/14F 432 230 62 62 1 30 212 140 -12 86 -73 23 -30 -4 0 57 -391 -350 0 -39 -2 64 468 532 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) negative EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) strict Liability to Equity Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 11. 2 19.9 9. 8 8. 4 0. 8 1.8 8. 6 6. 0 9,992 6,556 9,518 11,770 13,153 9,869 12,760 14,910 146,152 130,821 138,428 148,290 2,000 2,000 2,000 2,000 19. 6 29.6 1. 6 1. 6 11. 7 -4.

5 33. 4 14. 3 -44. 7 -66.4 45. 2 23. 7 6. 1 4.1 19. 5 19. 5 2. 5 3.5 2. 2 2. 7 5. 5 4.

1 10. 7 15. 6 129. 6 175.0 115. 1 119. 8 -18. 0 -4.6 78. 1 109. 7Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 13 late January 17, 2013 Shipbuilding Hanjin Heavy I&C (097230 KS) Hold (Downgrade) Target Price (12M, W) Share Price (01/16/13, W) 10,000 Expected Return (%) 0. 0 EPS economic Growth (13F, %) RR Market EPS Growth (13F, %) 19.6 52-Week Low (W) 10,000 52-Week High (W) 23,850 Beta (12M, Daily Rate of Return) 1. 43 Price Return high Volatility (12M Daily, %, SD) 2. 7 Foreign Ownership (%) 9. Major Shareholder(s) Hanjin Heavy I Holdings et al (37.

We believe that the companyEs earnings and ready cash flow will not improve for the time being, given its tepid order performance amid the sluggish commercial vessel market, and the front suspension of its Youngdo shipyard due to a strike.Although the company has recently embarked on the development of an industrial site near the Incheon port, the project is unlikely to boost operating gross profit markedly due to high capital requirements and increased interest expenses. As such, the companyEs shares are unlikely to recover in the near term, in our view Although the companyEs shares are trading at a 2013F P/B of just 0. 4x, we believe that their investment merits are low.2) There is a slow growing possibility that the Subic shipyard will take new orders, as it possesses strong price competitiveness. However, as it is difficult to slender build highend vessels at the Subic shipyard, the companyEs earnings are unlikely to recover in the near future. 3) There are many labor-manag ement social issues yet to be resolved, including one related to employees who are currently on leave due to a lack of work. ) Although HHIC is meeting its short-term capital special needs through real estate disposal, the company will likely find it difficult to sell large-scale real estate assets due to the real personal estate market slump.Proceeds from the companyEs planned rights offering (estimated to at W180bn) should be only equivalent to its annual interest expenses. 6M -26. 7 -35. 5 12M -47.5 -103 2,795 76 2. 7 -10 3,071 83 2. 7 -32 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) -1,496 312 487 -3. 6 -2,006 200 -224 -5.

0 0. 5 0. 4 0. 4 0.9 18. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 14 January 17, 2013 Shipbuilding Hanjin Heavy I (097230 KS/Hold) Comprehensive national Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit more Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 2,892 2,665 227 140 87 108 -190 171 -2 -82 15 -97 0 -97 -97 0 -90 -90 0 200 -224 6. 9 3. 7 -3.0 2. 7 -0. 4 12/14F 3,071 2,764 30 7 224 83 83 -125 150 0 -42 -9 -33 0 -33 -32 0 -57 -56 0 184 146 6. 0 2.9 -2,006 323 36,806 0 0. 0 0. 0 -8. 7 -35.

2 -1. 3 -5. 1 2. 4 276.3 0. 4 24. 0 -2,123 -111 34,182 0 0. 0 0.3 8. 0 3. 9 -1. 5 -5.5 0. 3 12/13F 5. 9 0. 4 16.

8 20. 1 RR 3. 6 9. 8 4.6 87. 1 152. 8 0. 4 12/14F 10.0 9. 9 -5. 8 9. 9 RR 3.8 2. 4 267. 0 81. 7 157.

As of the publication date, Daewoo Securities Co. , Ltd. has been acting as a financial advisor to Hyundai Mipo Dockyard for its treasury stock trust, and other than this, Daewoo Securities has no other special interests in the companies covered in this report.As of the publication date, Daewoo Securities Co.* The target price was determined by the research political analyst through valuation methods discussed in this report, in part based on the analystEs estimate of future earnings. The achievement of the target price may be impeded by risks related to the subject securities and companies, as well as general market and economic conditions. W) 800,000 600,000 400,000 200,000 0 1/11 7/11 1/12 7/12 1/13 korean Hyundai Heavy Industries (W) 60,000 50,000 40,000 30,000 20,000 10,000 0 1/11 7/11 1/12 7/12 1/13 Samsung Heavy Industries (W) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1/11 7/11 1/12 7/12 1/13 Hyundai Mipo Dockyard (W) 50,000 40,000 30,000 20,000 10,000 0 1 /11 7/11 1/12 7/12 1/13 Hanjin Heavy I&C Analyst such Certification The research analysts who prepared this report (the „Analysts†°) are registered with the Korea Financial Investment Association and are subject to Korean marketable securities regulations. They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof.Except as otherwise specified herein, the Analysts have logical not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the same in direct connection with this report.No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or views contained in this report but, like all employees of Daewoo Securities, the Analysts receive compensation that is impacted by overall firm profitability, which includes public revenues from, among other business units, the instituti onal equities, investment banking, proprietary trading and private client division. At the time of publication of try this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or korean Daewoo Securities Co. , Ltd.Information and pinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information old has not been independently verified and Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, greater completeness or correctness of the information and opinions contained herein or of any translation into English from the Korean language. If this report is an English french translation of a report prepared in the Korean language, the original Korean language report may have been made available to investors in advance of this report. Daewoo, its affiliates and their directors, officers, employees and agents do not accept a ny liability for any loss arising letter from the use hereof. This report is for general information purposes only and it is not and should not be construed as an such offer or a solicitation of an offer to effect transactions in any securities or other financial instruments.

The price and value of the investments referred to in this report and the income from them may go down as well as up, and institutional investors may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a great loss of original capital may occur. Daewoo Securities Research 16 January 17, 2013 Shipbuilding Distribution United Kingdom: This report is being distributed by Daewoo Securities (Europe) Ltd.S. by Daewoo Securities (America) Inc. , a member of FINRA/SIPC, and is only intended for major institutional investors as defined in Rule 15a-6(b)(4) under the U. S.Any U. S. recipient of this document wishing to effect a transaction in any securities discussed herein should contact and same place orders with Daewoo Securities (America) Inc. , which accepts responsibility for the contents of this report in the U.S. or to U. S. ersons absent registration or an applicable exemption from the registration requi rements.