The Global Financial Crisis Of India - 1441 Words

Introduction: The Global financial sector had seen one of the worst Global economic meltdown of staggering proportions. The root cause of the problem was substandard loans offered to a large number of customers with inadequate income by the United States Mortgage market. This crisis was commonly known as the Sub-prime crisis. These sub-prime mortgages were packaged and traded into securitized paper investments and were sold by the major financial institutions across the globe. Subsequently, these investments became non performing assets and infected the worldwide financial markets sparing not even the biggest and established financial firms. Globalization in the early 20th century ensured that the Indian economy and the financial markets†¦show more content†¦The main reason for such a hit was because of its rapid and growing integration in the world economy. The Indian banking sector was able to shave off much of the global meltdown. There were several reasons why this was possible, inclu ding a conservative approach by Indian banks on providing loans, heavy focus on cost cutting, adhering to the strict guidelines of the Reserve bank of India(RBI) and most importantly exploring only new markets which were immune to Global meltdown. In fact, it was hard to anticipate the overall effect that the crisis would have on the Indian economy. This was because there was no direct exposure of Indian banks to subprime mortgage assets or to any failed institutions. The growth of the Indian banking system was largely because of domestic consumption and investment. Even though there was little effect on the Indian financial and banking sector because of their limited exposure to troubled assets, prudent policies of RBI and low presence of foreign banks in the Indian market, there was a change in the market condition following the collapse of Lehman Brothers. With regards to the crisis, India saw a reversal of capital inflows due to heavy sell off by Foreign Institutional Investors which in turn made a downward impact on the domestic stock market. This reason coupled with limited access to other external funds exerted tremendous pressure on the FX market since the dollar liquidity was hampered. The chain reaction followed after this and the

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Teaching Listening Steven Brown cambridge university press Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, Sà £o Paulo Cambridge University Press 32 Avenue of the Americas, New York, NY 10013-2473, USA www.cambridge.org  © Cambridge University Press 2006 This book is in copyright. Subject to statutory exception and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. First published 2006 Printed in the United States of America Book layout services: Page Designs International  Table of Contents 1 2 3 4 Introduction 1 Activation of prior knowledge for improved listening comprehension 2†¦show more content†¦The idea of prior knowledge is one part of the cognitive model of language processing. That model says that when people listen or read, we process the information we hear both top-down and bottom-up. Top-down means using our prior knowledge and experiences; we know certain things about certain topics and situations and use that information to understand. Bottom-up processing means using the information we have about sounds, word meanings, and discourse markers like first, then and after that to assemble our understanding of what we read or hear one step at a time. 2 Teaching Listening I like to use as an example of the two kinds of processing my experience buying postcards at an Austrian museum. I speak no German. Having calculated that the postcards would cost sixteen schillings, I walked up to the counter and gave the clerk a twenty-schilling note. She opened the cash register, looked in it, and said something in German. As a reflex, I dug in my pocket and produced a one-schilling coin and gave it to her. She smiled and handed me a five-schilling coin. I managed the conversation based on my prior knowledge of how one deals with small change at a store. In some sense, I didn’t need to speak German, I just needed my prior knowledge. Later on that same trip, however, I did need to manage a transaction â€Å"bottom up† when I asked at the Madrid train station for tickets and was answered by a torrent of language that

World War Chapter 1 - 1699 Words

It is several hours since the meeting and Selison, now with his eyes sealed, Xasalamel and Zalminis are standing in the president’s private room in the UN headquarters along with one United States General. Two armed guards are standing on either side of the wooden door. The room is a simple square, almost like a hotel room, except instead of beds there is a large desk on the side opposite the door and there aren’t any windows. Several charts are around the room but nothing that could affect national security. There is a whiteboard on one wall with many different numbers on it that Xasalamel is standing next to with a marker in his hand. He twirls it in between his fingers while they wait. â€Å"Yes sir†¦yes†¦yes I will tell him that†¦thank you†¦show more content†¦Ã¢â‚¬Å"Main force? There’s more than one?† the general asks. â€Å"At least two actually, the bulk of the force and then just Kasol and a few of its best soldiers. Probably no more than five or six. Now they aren’t the problem because we know where they are going to be but it’s the large force that puzzles me,† Xasalamel answers. â€Å"Where are they going to land?† the general asks. â€Å"Wherever he is,† Xasalamel says, pointing at Selison. â€Å"Why him?† The general asks looking between the two of them. â€Å"Because I am the king of the Chaosns,† Selison says leaning against the president’s desk with his arms folded. The general continues to look between the king and the god before Zalminis finally chimes in. â€Å"Okay,† the general starts as he glances to the president who shrugs. â€Å"How are we going to deal with this war on two fronts?† â€Å"I’m taking Kasol personally. My brother and sister should be more than enough for whatever it brings with it. Plus, I have some friends that have been training with my sister since before the sun rose today. All together we will have five warriors ready to fight Kasol and its entourage.† Selison speaks with clear focus. â€Å"True, Jade and Mary have been working very hard on both their bodies and the Words,† Xasalamel says as he begins to create various mathematic formulas on the white board. â€Å"I’ll admit, I’m hesitant to send two humans to fight Kasol’s entourage, never mind that one of them is my queen and the otherShow MoreRelatedQuestions and Answers from The Killer Angels by Michael Shaara829 Words   |  4 Pages Chapter 1- The Spy 1. What is the spys usual occupation before the war? The spy was an actor. 2. How is he perceived by Longstreet? By Sorrel? Quote the passage or passages that best demonstrates their feelings. Longstreet thinks that he is not much of a spy, but he takes his word, seeing that there is no other person to believe.-quot;If you cannot find headquarters of this whole army you cannot be much of a spy. Sorrel just doesnt trust spies at all. 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Analysis Of Ralph Ellison s Flying Home And His Other...

Juan Bautista Mrs.Kotty English III 3/6/16 Ralph Ellison A Pseudo Messiah In Flying Home and his other writings, Ellison presents the concept of a true democratic America; However, Ellison exploits the black struggle to fulfill his own artistic ambitions, which prevented him from becoming great. He did not have the effect of Martin Luther King, because he was not looking to bring a whole class justice, but sought to weasel his way into a world of privilege and fame. Summary of Flying Home In Flying Home, A young, black pilot, spins out of control. He crashes breaking his leg. An old black man and his grandson find him. The old man keeps the pilot company while his grandson brings help. The pilot despises the old man for being uneducated and in a subservient position in society; He is worried that he will be cut from the air force, and become like the old man. The boy returns with white men who mock the pilot and threaten to lynch him. The old man convinces them leave the pilot alone. The pilot returns to the airfield knowing that the white officers will regard his accident as a further sign of racial incompetence. Elision’s Flying Home emphasizes the obstacles the double standard and vulnerability colored people have had in a white ruled society. In Randal Doane’s sociological quarterly review, he concretely analyzes Flying Home, â€Å" Ralph Ellison uses the anecdotes in Flying Home to insist on the same racial theme: Blacks are angels who even in Heaven are ruled by aShow MoreRelatedLiterary Criticism : The Free Encyclopedia 7351 Words   |  30 Pagesphilologist Karl Morgenstern in his university lectures, and later famously reprised by Wilhelm Dilthey, who legitimated it in 1870 and popularized it in 1905.[1] [6] The genre is further characterized by a number of formal, topical, and thematic features.[7] The term coming-of-age novel is sometimes used interchangeably with Bildungsroman, but its use is usually wider and less technical. The birth of the Bildungsroman is normally dated to the publication of Wilhelm Meister s Apprenticeship by JohannRead MoreProject Managment Case Studies214937 Words   |  860 Pagesmay not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993

A Game of Thrones Chapter Sixty-five Free Essays

Arya The scent of hot bread drifting from the shops along the Street of Flour was sweeter than any perfume Arya had ever smelled. She took a deep breath and stepped closer to the pigeon. It was a plump one, speckled brown, busily pecking at a crust that had fallen between two cobblestones, but when Arya’s shadow touched it, it took to the air. We will write a custom essay sample on A Game of Thrones Chapter Sixty-five or any similar topic only for you Order Now Her stick sword whistled out and caught it two feet off the ground, and it went down in a flurry of brown feathers. She was on it in the blink of an eye, grabbing a wing as the pigeon flapped and fluttered. It pecked at her hand. She grabbed its neck and twisted until she felt the bone snap. Compared with catching cats, pigeons were easy. A passing septon was looking at her askance. â€Å"Here’s the best place to find pigeon,† Arya told him as she brushed herself off and picked up her fallen stick sword. â€Å"They come for the crumbs.† He hurried away. She tied the pigeon to her belt and started down the street. A man was pushing a load of tarts by on a two-wheeled cart; the smells sang of blueberries and lemons and apricots. Her stomach made a hollow rumbly noise. â€Å"Could I have one?† she heard herself say. â€Å"A lemon, or . . . or any kind.† The pushcart man looked her up and down. Plainly he did not like what he saw. â€Å"Three coppers.† Arya tapped her wooden sword against the side of her boot. â€Å"I’ll trade you a fat pigeon,† she said. â€Å"The Others take your pigeon,† the pushcart man said. The tarts were still warm from the oven. The smells were making her mouth water, but she did not have three coppers . . . or one. She gave the pushcart man a look, remembering what Syrio had told her about seeing. He was short, with a little round belly, and when he moved he seemed to favor his left leg a little. She was just thinking that if she snatched a tart and ran he would never be able to catch her when he said, â€Å"You be keepin’ your filthy hands off. The gold cloaks know how to deal with thieving little gutter rats, that they do.† Arya glanced warily behind her. Two of the City Watch were standing at the mouth of an alley. Their cloaks hung almost to the ground, the heavy wool dyed a rich gold; their mail and boots and gloves were black. One wore a longsword at his hip, the other an iron cudgel. With a last wistful glance at the tarts, Arya edged back from the cart and hurried off. The gold cloaks had not been paying her any special attention, but the sight of them tied her stomach in knots. Arya had been staying as far from the castle as she could get, yet even from a distance she could see the heads rotting atop the high red walls. Flocks of crows squabbled noisily over each head, thick as flies. The talk in Flea Bottom was that the gold cloaks had thrown in with the Lannisters, their commander raised to a lord, with lands on the Trident and a seat on the king’s council. She had also heard other things, scary things, things that made no sense to her. Some said her father had murdered King Robert and been slain in turn by Lord Renly. Others insisted that Renly had killed the king in a drunken quarrel between brothers. Why else should he have fled in the night like a common thief? One story said the king had been killed by a boar while hunting, another that he’d died eating a boar, stuffing himself so full that he’d ruptured at the table. No, the king had died at table, others said, but only because Varys the Spider poisoned him. No, it had been the queen who poisoned him. No, he had died of a pox. No, he had choked on a fish bone. One thing all the stories agreed on: King Robert was dead. The bells in the seven towers of the Great Sept of Baelor had tolled for a day and a night, the thunder of their grief rolling across the city in a bronze tide. They only rang the bells like that for the death of a king, a tanner’s boy told Arya. All she wanted was to go home, but leaving King’s Landing was not so easy as she had hoped. Talk of war was on every lip, and gold cloaks were as thick on the city walls as fleas on . . . well, her, for one. She had been sleeping in Flea Bottom, on rooftops and in stables, wherever she could find a place to lie down, and it hadn’t taken her long to learn that the district was well named. Every day since her escape from the Red Keep, Arya had visited each of the seven city gates in turn. The Dragon Gate, the Lion Gate, and the Old Gate were closed and barred. The Mud Gate and the Gate of the Gods were open, but only to those who wanted to enter the city; the guards let no one out. Those who were allowed to leave left by the King’s Gate or the Iron Gate, but Lannister men-at-arms in crimson cloaks and lion-crested helms manned the guard posts there. Spying down from the roof of an inn by the King’s Gate, Arya saw them searching wagons and carriages, forcing riders to open their saddlebags, and questioning everyone who tried to pass on foot. Sometimes she thought about swimming the river, but the Blackwater Rush was wide and deep, and everyone agreed that its currents were wicked and treacherous. She had no coin to pay a ferryman or take passage on a ship. Her lord father had taught her never to steal, but it was growing harder to remember why. If she did not get out soon, she would have to take her chances with the gold cloaks. She hadn’t gone hungry much since she learned to knock down birds with her stick sword, but she feared so much pigeon was making her sick. A couple she’d eaten raw, before she found Flea Bottom. In the Bottom there were pot-shops along the alleys where huge tubs of stew had been simmering for years, and you could trade half your bird for a heel of yesterday’s bread and a â€Å"bowl o’ brown,† and they’d even stick the other half in the fire and crisp it up for you, so long as you plucked the feathers yourself. Arya would have given anything for a cup of milk and a lemon cake, but the brown wasn’t so bad. It usually had barley in it, and chunks of carrot and onion and turnip, and sometimes even apple, with a film of grease swimming on top. Mostly she tried not to think about the meat. Once she had gotten a piece of fish. The only thing was, the pot-shops were never empty, and even as she bolted down her food, Arya could feel them watching. Some of them stared at her boots or her cloak, and she knew what they were thinking. With others, she could almost feel their eyes crawling under her leathers; she didn’t know what they were thinking, and that scared her even more. A couple times, she was followed out into the alleys and chased, but so far no one had been able to catch her. The silver bracelet she’d hoped to sell had been stolen her first night out of the castle, along with her bundle of good clothes, snatched while she slept in a burnt-out house off Pig Alley. All they left her was the cloak she had been huddled in, the leathers on her back, her wooden practice sword . . . and Needle. She’d been lying on top of Needle, or else it would have been gone too; it was worth more than all the rest together. Since then Arya had taken to walking around with her cloak draped over her right arm, to conceal the blade at her hip. The wooden sword she carried in her left hand, out where everybody could see it, to scare off robbers, but there were men in the pot-shops who wouldn’t have been scared off if she’d had a battle-axe. It was enough to make her lose her taste for pigeon and stale bread. Often as not, she went to bed hungry rather than risk the stares. Once she was outside the city, she would find berries to pick, or orchards she might raid for apples and cherries. Arya remembered seeing some from the kingsroad on the journey south. And she could dig for roots in the forest, even run down some rabbits. In the city, the only things to run down were rats and cats and scrawny dogs. The potshops would give you a fistful of coppers for a litter of pups, she’d heard, but she didn’t like to think about that. Down below the Street of Flour was a maze of twisting alleys and cross streets. Arya scrambled through the crowds, trying to put distance between her and the gold cloaks. She had learned to keep to the center of the street. Sometimes she had to dodge wagons and horses, but at least you could see them coming. If you walked near the buildings, people grabbed you. In some alleys you couldn’t help but brush against the walls; the buildings leaned in so close they almost met. A whooping gang of small children went running past, chasing a rolling hoop. Arya stared at them with resentment, remembering the times she’d played at hoops with Bran and Jon and their baby brother Rickon. She wondered how big Rickon had grown, and whether Bran was sad. She would have given anything if Jon had been here to call her â€Å"little sister† and muss her hair. Not that it needed mussing. She’d seen her reflection in puddles, and she didn’t think hair got any more mussed than hers. She had tried talking to the children she saw in the street, hoping to make a friend who would give her a place to sleep, but she must have talked wrong or something. The little ones only looked at her with quick, wary eyes and ran away if she came too close. Their big brothers and sisters asked questions Arya couldn’t answer, called her names, and tried to steal from her. Only yesterday, a scrawny barefoot girl twice her age had knocked her down and tried to pull the boots off her feet, but Arya gave her a crack on her ear with her stick sword that sent her off sobbing and bleeding. A gull wheeled overhead as she made her way down the hill toward Flea Bottom. Arya glanced at it thoughtfully, but it was well beyond the reach of her stick. It made her think of the sea. Maybe that was the way out. Old Nan used to tell stories of boys who stowed away on trading galleys and sailed off into all kinds of adventures. Maybe Arya could do that too. She decided to visit the riverfront. It was on the way to the Mud Gate anyway, and she hadn’t checked that one today. The wharfs were oddly quiet when Arya got there. She spied another pair of gold cloaks, walking side by side through the fish market, but they never so much as looked at her. Half the stalls were empty, and it seemed to her that there were fewer ships at dock than she remembered. Out on the Blackwater, three of the king’s war galleys moved in formation, gold-painted hulls splitting the water as their oars rose and fell. Arya watched them for a bit, then began to make her way along the river. When she saw the guardsmen on the third pier, in grey woolen cloaks trimmed with white satin, her heart almost stopped in her chest. The sight of Winterfell’s colors brought tears to her eyes. Behind them, a sleek three-banked trading galley rocked at her moorings. Arya could not read the name painted on the hull; the words were strange, Myrish, Braavosi, perhaps even High Valyrian. She grabbed a passing longshoreman by the sleeve. â€Å"Please,† she said, â€Å"what ship is this?† â€Å"She’s the Wind Witch, out of Myr,† the man said. â€Å"She’s still here,† Arya blurted. The longshoreman gave her a queer look, shrugged, and walked away. Arya ran toward the pier. The Wind Witch was the ship Father had hired to take her home . . . still waiting! She’d imagined it had sailed ages ago. Two of the guardsmen were dicing together while the third walked rounds, his hand on the pommel of his sword. Ashamed to let them see her crying like a baby, she stopped to rub at her eyes. Her eyes her eyes her eyes, why did . . . Look with your eyes, she heard Syrio whisper. Arya looked. She knew all of her father’s men. The three in the grey cloaks were strangers. â€Å"You,† the one walking rounds called out. â€Å"What do you want here, boy?† The other two looked up from their dice. It was all Arya could do not to bolt and run, but she knew that if she did, they would be after her at once. She made herself walk closer. They were looking for a girl, but he thought she was a boy. She’d be a boy, then. â€Å"Want to buy a pigeon?† She showed him the dead bird. â€Å"Get out of here,† the guardsman said. Arya did as he told her. She did not have to pretend to be frightened. Behind her, the men went back to their dice. She could not have said how she got back to Flea Bottom, but she was breathing hard by the time she reached the narrow crooked unpaved streets between the hills. The Bottom had a stench to it, a stink of pigsties and stables and tanner’s sheds, mixed in with the sour smell of winesinks and cheap whorehouses. Arya wound her way through the maze dully. It was not until she caught a whiff of bubbling brown coming through a pot-shop door that she realized her pigeon was gone. It must have slipped from her belt as she ran, or someone had stolen it and she’d never noticed. For a moment she wanted to cry again. She’d have to walk all the way back to the Street of Flour to find another one that plump. Far across the city, bells began to ring. Arya glanced up, listening, wondering what the ringing meant this time. â€Å"What’s this now?† a fat man called from the pot-shop. â€Å"The bells again, gods ha’mercy,† wailed an old woman. A red-haired whore in a wisp of painted silk pushed open a second-story window. â€Å"Is it the boy king that’s died now?† she shouted down, leaning out over the street. â€Å"Ah, that’s a boy for you, they never last long.† As she laughed, a naked man slid his arms around her from behind, biting her neck and rubbing the heavy white breasts that hung loose beneath her shift. â€Å"Stupid slut,† the fat man shouted up. â€Å"The king’s not dead, that’s only summoning bells. One tower tolling. When the king dies, they ring every bell in the city.† â€Å"Here, quit your biting, or I’ll ring your bells,† the woman in the window said to the man behind her, pushing him off with an elbow. â€Å"So who is it died, if not the king?† â€Å"It’s a summoning,† the fat man repeated. Two boys close to Arya’s age scampered past, splashing through a puddle. The old woman cursed them, but they kept right on going. Other people were moving too, heading up the hill to see what the noise was about. Arya ran after the slower boy. â€Å"Where you going?† she shouted when she was right behind him. â€Å"What’s happening?† He glanced back without slowing. â€Å"The gold cloaks is carryin’ him to the sept.† â€Å"Who?† she yelled, running hard. â€Å"The Hand! They’ll be taking his head off, Buu says.† A passing wagon had left a deep rut in the street. The boy leapt over, but Arya never saw it. She tripped and fell, face first, scraping her knee open on a stone and smashing her fingers when her hands hit the hard-packed earth. Needle tangled between her legs. She sobbed as she struggled to her knees. The thumb of her left hand was covered with blood. When she sucked on it, she saw that half the thumbnail was gone, ripped off in her fall. Her hands throbbed, and her knee was all bloody too. â€Å"Make way!† someone shouted from the cross street. â€Å"Make way for my lords of Redwyne!† It was all Arya could do to get out of the road before they ran her down, four guardsmen on huge horses, pounding past at a gallop. They wore checked cloaks, blue-and-burgundy. Behind them, two young lordlings rode side by side on a pair of chestnut mares alike as peas in a pod. Arya had seen them in the bailey a hundred times; the Redwyne twins, Ser Horas and Ser Hobber, homely youths with orange hair and square, freckled faces. Sansa and Jeyne Poole used to call them Ser Horror and Ser Slobber, and giggle whenever they caught sight of them. They did not look funny now. Everyone was moving in the same direction, all in a hurry to see what the ringing was all about. The bells seemed louder now, clanging, calling. Arya joined the stream of people. Her thumb hurt so bad where the nail had broken that it was all she could do not to cry. She bit her lip as she limped along, listening to the excited voices around her. â€Å"—the King’s Hand, Lord Stark. They’re carrying him up to Baelor’s Sept.† â€Å"I heard he was dead.† â€Å"Soon enough, soon enough. Here, I got me a silver stag says they lop his head off.† â€Å"Past time, the traitor.† The man spat. Arya struggled to find a voice. â€Å"He never—† she started, but she was only a child and they talked right over her. â€Å"Fool! They ain’t neither going to lop him. Since when do they knick traitors on the steps of the Great Sept?† â€Å"Well, they don’t mean to anoint him no knight. I heard it was Stark killed old King Robert. Slit his throat in the woods, and when they found him, he stood there cool as you please and said it was some old boar did for His Grace.† â€Å"Ah, that’s not true, it was his own brother did him, that Renly, him with his gold antlers.† â€Å"You shut your lying mouth, woman. You don’t know what you’re saying, his lordship’s a fine true man.† By the time they reached the Street of the Sisters, they were packed in shoulder to shoulder. Arya let the human current carry her along, up to the top of Visenya’s Hill. The white marble plaza was a solid mass of people, all yammering excitedly at each other and straining to get closer to the Great Sept of Baelor. The bells were very loud here. Arya squirmed through the press, ducking between the legs of horses and clutching tight to her sword stick. From the middle of the crowd, all she could see were arms and legs and stomachs, and the seven slender towers of the sept looming overhead. She spotted a wood wagon and thought to climb up on the back where she might be able to see, but others had the same idea. The teamster cursed at them and drove them off with a crack of his whip. Arya grew frantic. Forcing her way to the front of the crowd, she was shoved up against the stone of a plinth. She looked up at Baelor the Blessed, the septon king. Sliding her stick sword through her belt, Arya began to climb. Her broken thumbnail left smears of blood on the painted marble, but she made it up, and wedged herself in between the king’s feet. That was when she saw her father. Lord Eddard stood on the High Septon’s pulpit outside the doors of the sept, supported between two of the gold cloaks. He was dressed in a rich grey velvet doublet with a white wolf sewn on the front in beads, and a grey wool cloak trimmed with fur, but he was thinner than Arya had ever seen him, his long face drawn with pain. He was not standing so much as being held up; the cast over his broken leg was grey and rotten. The High Septon himself stood behind him, a squat man, grey with age and ponderously fat, wearing long white robes and an immense crown of spun gold and crystal that wreathed his head with rainbows whenever he moved. Clustered around the doors of the sept, in front of the raised marble pulpit, were a knot of knights and high lords. Joffrey was prominent among them, his raiment all crimson, silk and satin patterned with prancing stags and roaring lions, a gold crown on his head. His queen mother stood beside him in a black mourning gown slashed with crimson, a veil of black diamonds in her hair. Arya recognized the Hound, wearing a snowy white cloak over his dark grey armor, with four of the Kingsguard around him. She saw Varys the eunuch gliding among the lords in soft slippers and a patterned damask robe, and she thought the short man with the silvery cape and pointed beard might be the one who had once fought a duel for Mother. And there in their midst was Sansa, dressed in sky-blue silk, with her long auburn hair washed and curled and silver bracelets on her wrists. Arya scowled, wondering what her sister was doing here, why she looked so happy. A long line of gold-cloaked spearmen held back the crowd, commanded by a stout man in elaborate armor, all black lacquer and gold filigree. His cloak had the metallic shimmer of true cloth-of-gold. When the bell ceased to toll, a quiet slowly settled across the great plaza, and her father lifted his head and began to speak, his voice so thin and weak she could scarcely make him out. People behind her began to shout out, â€Å"What?† and â€Å"Louder!† The man in the black-and-gold armor stepped up behind Father and prodded him sharply. You leave him alone! Arya wanted to shout, but she knew no one would listen. She chewed her lip. Her father raised his voice and began again. â€Å"I am Eddard Stark, Lord of Winterfell and Hand of the King,† he said more loudly, his voice carrying across the plaza, â€Å"and I come before you to confess my treason in the sight of gods and men.† â€Å"No,† Arya whimpered. Below her, the crowd began to scream and shout. Taunts and obscenities filled the air. Sansa had hidden her face in her hands. Her father raised his voice still higher, straining to be heard. â€Å"I betrayed the faith of my king and the trust of my friend, Robert,† he shouted. â€Å"I swore to defend and protect his children, yet before his blood was cold, I plotted to depose and murder his son and seize the throne for myself. Let the High Septon and Baelor the Beloved and the Seven bear witness to the truth of what I say: Joffrey Baratheon is the one true heir to the Iron Throne, and by the grace of all the gods, Lord of the Seven Kingdoms and Protector of the Realm.† A stone came sailing out of the crowd. Arya cried out as she saw her father hit. The gold cloaks kept him from falling. Blood ran down his face from a deep gash across his forehead. More stones followed. One struck the guard to Father’s left. Another went clanging off the breastplate of the knight in the black-and-gold armor. Two of the Kingsguard stepped in front of Joffrey and the queen, protecting them with their shields. Her hand slid beneath her cloak and found Needle in its sheath. She tightened her fingers around the grip, squeezing as hard as she had ever squeezed anything. Please, gods, keep him safe, she prayed. Don’t let them hurt my father. The High Septon knelt before Joffrey and his mother. â€Å"As we sin, so do we suffer,† he intoned, in a deep swelling voice much louder than Father’s. â€Å"This man has confessed his crimes in the sight of gods and men, here in this holy place.† Rainbows danced around his head as he lifted his hands in entreaty. â€Å"The gods are just, yet Blessed Baelor taught us that they are also merciful. What shall be done with this traitor, Your Grace?† A thousand voices were screaming, but Arya never heard them. Prince Joffrey . . . no, King Joffrey . . . stepped out from behind the shields of his Kingsguard. â€Å"My mother bids me let Lord Eddard take the black, and Lady Sansa has begged mercy for her father.† He looked straight at Sansa then, and smiled, and for a moment Arya thought that the gods had heard her prayer, until Joffrey turned back to the crowd and said, â€Å"But they have the soft hearts of women. So long as I am your king, treason shall never go unpunished. Ser Ilyn, bring me his head!† The crowd roared, and Arya felt the statue of Baelor rock as they surged against it. The High Septon clutched at the king’s cape, and Varys came rushing over waving his arms, and even the queen was saying something to him, but Joffrey shook his head. Lords and knights moved aside as he stepped through, tall and fleshless, a skeleton in iron mail, the King’s Justice. Dimly, as if from far off, Arya heard her sister scream. Sansa had fallen to her knees, sobbing hysterically. Ser Ilyn Payne climbed the steps of the pulpit. Arya wriggled between Baelor’s feet and threw herself into the crowd, drawing Needle. She landed on a man in a butcher’s apron, knocking him to the ground. Immediately someone slammed into her back and she almost went down herself. Bodies closed in around her, stumbling and pushing, trampling on the poor butcher. Arya slashed at them with Needle. High atop the pulpit, Ser Ilyn Payne gestured and the knight in black-and-gold gave a command. The gold cloaks flung Lord Eddard to the marble, with his head and chest out over the edge. â€Å"Here, you!† an angry voice shouted at Arya, but she bowled past, shoving people aside, squirming between them, slamming into anyone in her way. A hand fumbled at her leg and she hacked at it, kicked at shins. A woman stumbled and Arya ran up her back, cutting to both sides, but it was no good, no good, there were too many people, no sooner did she make a hole than it closed again. Someone buffeted her aside. She could still hear Sansa screaming. Ser Ilyn drew a two-handed greatsword from the scabbard on his back. As he lifted the blade above his head, sunlight seemed to ripple and dance down the dark metal, glinting off an edge sharper than any razor. Ice, she thought, he has Ice! Her tears streamed down her face, blinding her. And then a hand shot out of the press and closed round her arm like a wolf trap, so hard that Needle went flying from her hand. Arya was wrenched off her feet. She would have fallen if he hadn’t held her up, as easy as if she were a doll. A face pressed close to hers, long black hair and tangled beard and rotten teeth. â€Å"Don’t look!† a thick voice snarled at her. â€Å"I . . . I . . . I . . . † Arya sobbed. The old man shook her so hard her teeth rattled. â€Å"Shut your mouth and close your eyes, boy.† Dimly, as if from far away, she heard a . . . a noise . . . a soft sighing sound, as if a million people had let out their breath at once. The old man’s fingers dug into her arm, stiff as iron. â€Å"Look at me. Yes, that’s the way of it, at me.† Sour wine perfumed his breath. â€Å"Remember, boy?† It was the smell that did it. Arya saw the matted greasy hair, the patched, dusty black cloak that covered his twisted shoulders, the hard black eyes squinting at her. And she remembered the black brother who had come to visit her father. â€Å"Know me now, do you? There’s a bright boy.† He spat. â€Å"They’re done here. You’ll be coming with me, and you’ll be keeping your mouth shut.† When she started to reply, he shook her again, even harder. â€Å"Shut, I said.† The plaza was beginning to empty. The press dissolved around them as people drifted back to their lives. But Arya’s life was gone. Numb, she trailed along beside . . . Yoren, yes, his name is Yoren. She did not recall him finding Needle, until he handed the sword back to her. â€Å"Hope you can use that, boy.† â€Å"I’m not—† she started. He shoved her into a doorway, thrust dirty fingers through her hair, and gave it a twist, yanking her head back. â€Å"—not a smart boy, that what you mean to say?† He had a knife in his other hand. As the blade flashed toward her face, Arya threw herself backward, kicking wildly, wrenching her head from side to side, but he had her by the hair, so strong, she could feel her scalp tearing, and on her lips the salt taste of tears. How to cite A Game of Thrones Chapter Sixty-five, Essay examples

Industrial Psychology Is an Important Subject to Be Learned by All Students in Different Courses Apart from Human Resource Students free essay sample

The study of psychology is one of the most popular options taken by university students in Tanzania and around the world. Many courses include psychology as a fundamental or core module, and students from some courses are majoring in psychology subjects. What attracts them is mainly the content area, which is focusing on the study of people in all their diversity. The content area of psychology has relevance to diverse disciplines. For instance, medical practitioners are interested in the process of mental disorders or the therapeutic uses of psychological applications, business student may consider working in management or marketing, where an understanding of others within the organization or society is vital and there is a necessity to evaluate the impact of practices or products on people. Engineers need to take into account human factors in their designs, as indeed do computer professionals. Teachers need an understanding of their childrens developmental changes. These are just a sample of the possible productive combinations. Psychology has been defined by various scholars in different ways; It is an academic and applied field involving the study of behaviour, mind and thought and the subconscious neurological bases of behaviour (Wiki book). There are many skills that a student taking psychology acquire in the module. Hayes, (1996) have lately published a paper that focuses on the question of What makes a psychology graduate distinctive? She highlighted 13 different skills or attributes, the first six of which are relevant to other disciplines (though not usually found together in the same discipline) and the remainder are more specific to psychology itself. She listed the skills as; Literacy this is practiced in a range of formats, from essays to the more concise, structured format of laboratory reports. Numeracy training is providing in the presentation and analysis of qualitative and quantitative data, as well as its interpretation. Computer literacy from their first class psychology students use computers and become familiar with a range of applications, including word-processing and statistical analysis. Information-finding skills content dates readily, but finding out information means you can keep pace with those changes. Psychology students become familiar with library material, databases, and a range of other ways of gaining knowledge. Research skills training in research methodologies is central to psychology. The range of techniques is considerable, from observational and interview methods, surveys and questionnaires, to controlled laboratory experimentation. Measurement skills related to research skills, psychology students learn to operationalise complex processes, design surveys and develop new measurement instruments. Environmental awareness knowing how the surroundings (both physical and interpersonal) can influence people is important knowledge. Hayes states: Psychology graduates are familiar with this type of knowledge in many guises, ranging from traditional stimulus-response perspectives to the direct study of environmental psychology, and including issues such as nonverbal signalling, habit formation, and social appropriateness (Hayes, 1996, p. 132). Interpersonal awareness how social communication occurs, in its productive and maladaptive modes, is a focus. Additionally students gain an understanding of interpersonal conflict. This awareness can be useful in solving problems in many social and work-related contexts. Problem-solving skills Hayes (1996) considers that the capacity to deal with a diversity of different sorts of problems is the most distinctive characteristic of the psychology graduate (p. 132). The problems posed for psychology students require them to draw on a range of different strategies and techniques, on a spectrum from the broad ranging as in applying differing perspectives, through to fairly specific solutions. Critical evaluation recognising the problems and limitations of research and theoretical arguments is a central thread running through most psychology subjects. Hayes describes it as direct training in scepticism: students are expected to appraise whether what appears to be evidence for a phenomenon is really so; to evaluate, critically, the quality of an argument; to identify the shortcomings and pitfalls of a particular line of action; and to anticipate problems or difficulties (p. 132). Students often feel psychology lecturers are unduly negative, but being able to sift the wheat from the chaff is an important skill. Perspectives being able to look at problems from a variety of perspectives and being able to distinguish your perspective from that of others, can help you to see an issue more clearly. Higher-order analysis this involves being able to get beyond the details in order to see the overall pattern or as Hayes (1996, p. 133) describes being able to extract general principles rather than becoming bogged down with the details of the immediate situation. Pragmatism any research study operates within constraints. Psychology students learn to make the best of situations, and as such adopt a pragmatic style of working. There are a number of branches of psychology namely, industrial psychology, educational psychology, clinical psychology, developmental psychology, forensic psychology, child psychology, cognitive psychology, intelligence psychology, personality psychology, behaviour psychology, experimental psychology, social psychology, judgment psychology, Social Psychology; It is a branch of Psychology that deals with the study of individual behaviour in a society. Psychology is the study of mind and behaviour and the basic subject matter for the study of psychology is the individual difference. The individual becomes the part of a society by the process of socialization. The major and most determining part of socialization occurs in the early childhood. This is the time when the child learns all the social norms and values. Other reasons as to why should a student study psychology Psychology is exciting Is there a relationship between psychological disorders and brain biochemistry? Why do people dream? Can one person possess two or more distinct personalities at the same time? What are the physiological responses to stress? Psychology is challenging Does psychotherapy help people overcome psychological problems such as depression and anxiety? Can we change peoples attitudes? Can the study of cognitive disorders inform our understanding of normal cognition? Psychology is useful Psychology has a broad range of real world applications in everyday life, ranging from stress, health, mental illness, artificial intelligence and human-machine interaction, to personal development, social interaction and the environment, to name but a few. Psychology offers good career prospects. There are a large number of careers in psychology, but the skills you learn will also readily transfer to many other careers. These skills include oral and written communication, computer literacy, numeracy, problem-solving and the ability to carry out independent research. References Hayes, N. (1996). What makes a psychology graduate distinctive? European Psychologist, 1, 130-134. OHare, L. McGuiness, C. (2003). Skills and attributes developed by psychology undergraduates: ratings by undergraduates, postgraduates, academic psychologists and professional practitioners. Psychology Learning and Teaching, 4, 35-42. Roe, R. A. (2002). What makes a competent psychologist? European Psychologist, 7, 192-202. http://en. wikibooks. org/wiki/Introduction_to_Psychology

International Financial Management of Microsoft Dynamics

Question: Describe about the International Financial Management of Microsoft Dynamics? Answer: Investment Appraisal The report on investment appraisal for Cagoo Clothing PLC is prepared. The company is thinking of purchasing a new shop in London, which costs for 7 million. The investment appraisal method consists of two features, which are- To assess the expected returns level earned from the expenditure level. To estimate the future benefits and future costs from the purchase of the shop. From the new shop, Cagoo Clothing PLC is likely to earn cash flows for the next 10 years which are- Year Cash Inflow Cash Outflow Cumulative Cash Flow PVF PV 0 7,000,000.00 - 7,000,000.00 1.0000 1 1,000,000.00 - 6,000,000.00 0.9091 909,090.91 2 1,000,000.00 - 5,000,000.00 0.8264 826,446.28 3 1,500,000.00 - 3,500,000.00 0.7513 1,126,972.20 4 1,000,000.00 - 2,500,000.00 0.6830 683,013.46 5 1,000,000.00 - 1,500,000.00 0.6209 620,921.32 6 1,500,000.00 - 0.5645 846,710.90 7 2,000,000.00 2,000,000.00 0.5132 1,026,316.24 8 2,000,000.00 4,000,000.00 0.4665 933,014.76 9 2,000,000.00 6,000,000.00 0.4241 848,195.24 10 2,000,000.00 8,000,000.00 0.3855 771,086.58 15,000,000.00 7,000,000.00 NPV of inflow 8,591,767.88 NPV of outflow 7,000,000.00 NPV 1,591,767.88 Not getting what does 5 cash flows means in project management. The total outlay is 7,000,000, the total return is 15,000,000, and the net return is 8,000,000 (Arnold, 2013). Average Annual Return= Net Return/ Number of years=8,000,000/10 = 800000 NPV of the project, which is used to assess the summation of the present value of all the cash inflows and outflows, can be calculated as- NPV= Cash Flow/ (1+r)t Here r is the discounted rate and t is the time period. So, the NPV = 1,591,767.88 The discounted rate is assumed as 10%. Payback Period is the number of years during which the company is successful in obtaining the entire value of the investment from the cash flows. The payback period of Cagoo Clothing PLC from its investment in the new shop in London is 6 years (Barrow, 2011). Cost Of Capital The sources of finance of the company for its new project are both the equity and debt capital. Therefore, the equity capital used here is 4 million and the debt capital is 3 million. The cost of equity is assumed 12.5% and the debt capital is assumed 8%. Therefore the weighted average cost of capital or WACC is- WACC=Cost of equity*Weighted value of equity+ Cost of debt*Weighted value of debt = 0.125*4/7+0.08*3/7= 10.57% Sensitivity Analysis The sensitivity analysis of the investment includes the variation in the cash inflow generated from the shop. Year Cash Inflow Sensitivity 1 1,000,000.00 2 1,000,000.00 0% 3 1,500,000.00 50% 4 1,000,000.00 -33% 5 1,000,000.00 0% 6 1,500,000.00 50% 7 2,000,000.00 33% 8 2,000,000.00 0% 9 2,000,000.00 0% 10 2,000,000.00 0% (Bekaert and Hodrick, 2012) Sales Statement July August September October November December 4500 4590 4681.8 4775.436 4870.94472 4968.363614 40.00 40.00 40.00 42.00 44.10 46.31 180,000.00 183,600.00 187,272.00 200,568.31 214,808.66 230,060.08 Sales in October have been increased by 5% and the calculation is correct. The sales value is collected as per the questions. Closing Inventory Statement Particulars July August September October November December Opening Inventory 100000 30,000.00 1,400.00 - 55,872.00 - 136,440.31 - 191,248.97 Add: Purchase 110000 155000 130000 120000 160000 175000 Less: Sales 180000 183600 187272 200568.31 214808.66 230060.68 Closing Inventory 30,000.00 1,400.00 - 55,872.00 - 136,440.31 - 191,248.97 - 246,309.65 The suppler gave a month credit due to which the purchase for June is shown in July and so on. Cash Flow Budget Particulars July August September October November December Gross Profit (40% of Sales) 720,000.00 734,400.00 749,088.00 802,273.00 859,235.00 92,040.00 Interest 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 Net Profit 719,000.00 733,400.00 748,088.00 801,273.00 858,235.00 91,040.00 Electricity Cost - - 4,000.00 - - 4,000.00 Insurance 750.00 750.00 750.00 750.00 750.00 750.00 Rent 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 Cash from operations 716,250.00 730,650.00 741,338.00 798,523.00 855,485.00 84,290.00 Repayment of loans 4,000 4,000 4,000 4,000 4,000 4,000 Total cash flow 715,000 729,400 740,088 797,273 854,235 911,240 (Brigham and Houston, 2012) Budgeted Income Statement Particulars Amount Sales 1,196,309.05 COGS 717,785.43 Gross Profit 478,523.62 Electricity Costs 8,000 Operating Profit 470,523.62 Interest 1,000.00 Net Profit 469,523.62 Rent is adjusted in the COGS. Not getting why a budgeted income statement would be shown for 6 months. Budgeted Balance Sheet Statement Particulars Amount Amount Assets Bank Balance 250,000.00 Inventory 246,309.65 Total Assets 496309.65 Liabilities Bank Loan 150,000.00 126,000.00 Installments 24,000.00 Total Liabilities 126,000.00 Equity Capital 90,000.00 Retained Earnings 280309.65 Total Equity 370309.65 Total Assets= Total Liabilities and Equities= 496309.65 (Brooks, 2013) Balance Sheet is for the period ending 31st December 2015. Advantages of retained earnings- While using retained earnings, the company does not have to bear acquisition cost, which makes it a cheap source of finance. It improves the financial condition of the company and thus improves financial stability. If the amount of retained earnings is high then the company is likely to have a stronger financial position. It maintains a steady dividend payment to the shareholders even if the company fails to make profit. During the poor financial performance of the company, the preference shareholders are paid dividends from the retained earnings. Retained earnings improve the financial structure of the company, which in turn increases its market value of the companys shares (Eun and Resnick, 2012). Disadvantages of retained earnings- The retained earnings may not be utilized correctly all the time, which may result in future financial stagnancy. If the dividend policy of the company is conservative then the company may accumulate more retained earnings, which may result to over-capitalization. Retained earnings sometimes lower the market value of the companys shares due to fall in dividend rates (Grieve, 2013). Other sources of Finance- Internal Sources- Sales of the assets of the company, which helps in generating, fund for the company. Cutting down the total level of the inventory of the company helps in improving the financial position. External Sources- Long-term external sources include the equity and preference shares, debentures, borrowings and long-term loans. Medium term external sources include the leasing of properties, hire purchase and medium term loans. Short-term external sources include the bank overdraft in the balance sheet, short-term loans, creditors and debt factoring funds. Growright can think of using a combination of external and internal sources of finance for its business (Nicolas, 2013). References Arnold, G. (2013). Corporate financial management. Harlow, England: Pearson. Barrow, C. (2011). Practical financial management. London: Kogan Page. Bekaert, G. and Hodrick, R. (2012). International financial management. Boston: Pearson. Brigham, E. and Houston, J. (2012). Fundamentals of financial management. Mason, Ohio: South-Western Cengage Learning. Brooks, R. (2013). Financial management. Boston: Pearson. Eun, C. and Resnick, B. (2012). International financial management. New York, NY: McGraw-Hill. Grieve, I. (2013). Microsoft Dynamics GP 2013 financial management. Birmingham, UK: Packt Pub. Nicolas, C. (2013). Microsoft Dynamics NAV Financial Management. Birmingham: Packt Publishing