Essays on Frictions

There can be no denial of the fact that the novel, The Curious Incident of the Dog in the Night-Time, by the famous author, Mark Haddon, is one of the best literary works to be adapted in the cinematic form of expression. Indeed, the story in context has enormous scope of quintessential and aesthetic portrayal of the events, emotions, frictions, and mystery. The young teenager of the narrative, Christopher, is the hero of this story in context. The way he is portrayed in the literary narrative truly impresses the readers, and it provides ample scope for catapulting the affective ...

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Abstract Multiculturalism is a concept discussed today in the scientific circles as well as among the public. In Canada, this topic generates heated clashes between the experts and community. As the analysis shows, it is a heated dispute where people are divided into two camps, those who advocate for diversity and their opponents emphasizing the need to revive the core Canadian culture. Both sides of the conflict agree that Canada has become one of the most multicultural countries in the world due to its politics of inclusion and loyalty to all cultures. The historical facts imply that multiculturalism in ...

I think I would be wrong if I did not mention greed as a motive (if not a reason) for colonization of the New World. Back at the end of the 15th century when Columbus just discovered America the main impetus he had to risk going across the great water the end of which nobody was aware of was the desire of money – the unknown always lures with possible treasures.

Of course, the most rational and most urgent motive for Europeans to colonize the New World was the economic one. In addition to the fact that European economics did need ...

The board and the health officer should make sure that they have addressed the most urgent issues first. These should be the issues that if they are postponed they may affect the functioning of the whole health system under the jurisdiction of the board. The most important issue that the board should address is the budget. The health officer and the board should make sure that the budget has been presented, discussed, amended if necessary and approved. The county’s fiscal allocation process is coming up, and funding requests from the approved budget should be made. This means that ...

What challenges, if any, did colonialism and the cold war pose to the United Nations at its inception in 1945? Use specific examples to illustrate your answer. The world has gone through two serious world wars. The negative effects of first and second world, wars are still eminent. Most of the countries that actively took part in the second world wars lost their economic superiority due to repeated bomb attacks. The Allied victory against the axis brought the eagerly awaited peace. The allied forces convened several meetings that came up with the United Nations organisation. The frictions between ...

The history of the formation and development of the American federalism is interesting because, in spite of all its specific features, it largely reflects the general trends that are inherent in any federal state. Such, for example, as a struggle between the center and the subjects of the federation for the rights and powers, as the trend towards centralization of power, and so on. In other words, it indicates the urgency of the problem of the relationship between the central government and form part of any complex public education. In 1775 the thirteen American colonies of England raised a rebellion ...

Modernization, as it is known, emanated from the famous Industrial Revolution. This was immediately after the famous English discovery of the spinning machine. From thence, modernization has been a widely used term referring to the remodeling or remolding of a system of culture into a new form. On the other hand, westernization refers to the penetration of some or all of Western civilization elements into an indigenous culture or cultural elements. In this case, the Western civilization element penetrates and takes over the role of the indigenous cultural element. In East Asia, modernization has been widely viewed in the context of ...

India on the Move

India is a diverse land which is although enriches with resources but still faces the issues of slow economic growth and unemployment. The country got freedom in the year 1947 and since then financial controllers of this developing country have been making every possible effort to increase the pace of growth and prosperity. In the meantime, India has suffered a financial collapse, abandoned import substitution, and also moved very slowly to adopt the Washington Consensus. The turning point came in the year 2003 and after that it seems that there is now not any stoppage to the fiscal pace. But the ...

Abstract

This paper seeks to explore the relationship between the cost of capital and voluntary disclosures. The paper outlines the benefits of voluntary disclosure to firms, investors and the general economy and how these benefits are weighed. It describes the categories of voluntary disclosures and the factors considered in disclosure decisions. The paper will explain the term disclosure friction and there after show how this factor affects cost of capital. It also investigates the association between the risk related discount and the voluntary disclosure. The two equilibriums i.e. overinvestment equilibrium and the underinvestment equilibrium and how they are brought about ...

Abstract

This paper seeks to explore the relationship between the cost of capital and voluntary disclosures. The paper outlines the benefits of voluntary disclosure to firms, investors and the general economy and how these benefits are weighed. It describes the categories of voluntary disclosures and the factors considered in disclosure decisions. The paper will explain the term disclosure friction and there after show how this factor affects cost of capital. It also investigates the association between the risk related discount and the voluntary disclosure. The two equilibriums i.e. overinvestment equilibrium and the underinvestment equilibrium and how they are brought about ...

Introduction

Unemployment occurs when individuals are deprived of jobs and seeking it. The rate of unemployment is measure of prevalence of unemployed people and is calculated through a percentage in which total unemployed individuals are divided by all employed individuals. During the times of recession, the economy generally experiences a high rate of unemployment. For details which have not anything to do using statistics or economics, nevertheless seem to be dogmatic, it has remained shared practice to categorize workers on sponsored by government’s provisional service and special work structures as jobless. According to standard definitions these workers may be considered as ...

Financial risk management is important for any firm’s success and survival in today’s corporate world. There are several strategies employed by firms to mitigate risk. Hedging is a strategy used in risk management aimed at minimizing or eliminating the probability of making losses due to translation exposure, transaction exposure and economic exposure. There are several techniques used by firms to hedge against risk, they include; money market and commodity market hedge options forward contracts, swaps and currency futures. This paper aims to critically appraise the theoretical and empirical literature for and against the use of the various hedging ...