Comparison of Islamic Banking and Conventional Banking Essay

The foundation of Islamic bank is based on the Islamic faith and must stay within the limits of Islamic Law or the Shariah in all of its actions and deeds. The original meaning of the Arabic word Shariah is ‘the way to the source of life’ and is now used to refer to legal system in keeping with the code of behaviour called for by the Holly Qur’an (Koran). Amongst the governing principles of an Islamic bank are : * The absence of interest-based (riba) transactions; * The avoidance of economic activities involving oppression (zulm) * The avoidance of economic activities involving speculation (gharar); * The introduction of an Islamic tax, zakat; * The discouragement of the production of goods and services which contradict the Islamic value (haram) On the other hand, conventional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand, and between the borrowers and the bank on the other. Interest is considered to be the price of credit, reflecting the opportunity cost of money. Islamic law considers a loan to be given or taken, free of charge, to meet any contingency. Thus in Islamic Banking, the creditor should not take advantage of the borrower. When money is lent out on the basis of interest, more often that it leads to some kind of injustice. The first Islamic principle underlying for such kind of transactions is â€Å"deal not unjustly, and ye shall not be dealt with unjustly† [2:279] which explain why commercial banking in an Islamic framework is not based on the debtor-creditor relationship. The other principle pertaining to financial transactions in Islam is that there should not be any reward without taking a risk. This principle is applicable to both labor and capital. As no payment is allowed for labor, unless it is applied to work, there is no reward for capital unless it is exposed to business risk. Thus, financial intermediation in an Islamic framework has been developed on the basis of the above-mentioned principles. Consequently financial relationships in Islam have been participatory in nature.

Roles Of Botanical Garden In Plant Conservation Environmental Sciences Essay

The subject for this essay is the functions of botanical garden in works preservation. The essay will be divided into four chief parts. The first portion discuss about the botanical garden. This portion will include the debut, history and development, web and map of botanical garden. Second portion will explicate the importance of works preservation and the planetary scheme for works preservation. The 3rd portion is the function of botanical garden in works preservation. The 4th portion will be the illustration of botanical garden in Malaysia and its functions in works preservation. The last portion will be the decision of the essay. 2.0 Botanic Gardens 2.1 Introduction Botanic gardens or botanic gardens are by and large well-tended Parkss exposing a broad scope of workss labelled with their botanical names. They may incorporate specializer works aggregations such as cacti and succulent workss, herb gardens, workss from peculiar parts of the universe, and so on ; there may be nurseries, once more with particular aggregations such as tropical workss, alpine workss or other alien workss. Botanic gardens are frequently run by universities or other scientific research organisations and frequently have associated herbaria and research programmes in works taxonomy or some other facet of botanical scientific discipline. In rule their function is to keep documented aggregations of life workss for the intents of scientific research, preservation, show and instruction, although this will depend on the resources available and the particular involvements pursued at each peculiar garden.2.2 History and DevelopmentThe beginning of modern botanical gardens can be traced to European mediaeval medicative gardens known as physic gardens, the first of these being founded during the Italian Renaissance in the sixteenth century. This early concern with medicative workss changed in the seventeenth century to an involvement in the new works imports from geographic expeditions outdoors Europe as vegetation bit by bit established its independency from medical specialty. In the eighteenth c entury systems of terminology and categorization were devised by phytologists working in the herbaria and universities associated with the gardens, these systems frequently being displayed in the gardens as educational â€Å" order beds † . With the rapid rise of European imperialism in the late eighteenth century botanic gardens were established in the Torrid Zones and economic vegetation became a focal point with the hub at the Royal Botanic Gardens, Kew, near London. Over the old ages botanical gardens, as cultural and scientific administrations, have responded to the involvements of vegetation and gardening. Nowadays most botanical gardens display a mix of the subjects mentioned and more: holding a strong connexion with the general populace there is the chance to supply visitants with information associating to the environmental issues being faced at the start of the twenty-first century, particularly those associating to works preservation and sustainability.2.3 NetworkWorldwide there are now about 1800 botanical gardens and botanical garden in approximately 150 states ( largely in temperate parts ) of which about 400 are in Europe, 200 in North America, 150 in Russia and an increasing figure in East Asia. These gardens attract about 150 million visitants a twelvemonth so it is barely surprising that many people gained their first exciting debut to the admirations of the works universe in a botanical garden. Historically, botanical gardens exchanged workss through the publication of seed lists. This was a agency of reassigning both workss and information between botanical gardens. This system continues today although the possibility of familial buccaneering and the transmittal of invasive species have received greater attending in recent times. The International Association of Botanic Gardens was formed in 1954 as a world-wide administration affiliated to the International Union of Biological Sciences. More late coordination has besides been provided by Botanic Gardens Conservation International ( BGCI ) which has the mission â€Å" To call up botanic gardens and engage spouses in procuring works diverseness for the wellbeing of people and the planet † . BGCI has over 700 membersA – largely botanic gardensA – in 118 states and strongly supports the Global scheme for works preservation by bring forthing a scope resources and publications, and by forming international conferences and preservation plans. Communication besides happens regionally. In the United States there is the American Public Gardens Association and in Australasia there is the Botanic Gardens of Australia and New Zealand ( BGANZ ) .2.4 Role and FunctionBotanic gardens have had a altering function throughout history, get downing frequently as medicative gardens for the survey and cultivation of workss with mending belongingss and traveling through many stages including of class as pleasance gardens. But the fact that their aggregations are more or less scientific means they are continually accommodating and functioning the demands of their societies in germinating ways as new challenges face those societies. In current times, they are going cardinal participants in both the preservation of workss and in the instruction of the people who come to see them.A They are besides get downing to play a function in the extenuation of the effects of clime alteration, and could be perfectly critical to the endurance of the planet as they are absolutely placed to assist travel species around and assist ecosystems to accommodate to new climes in different parts.3.0 Plant preservation3.1 ImportancePlants are universally recognized as a critical portion of the universe ‘s biological diverseness and an indispensable resource for the planet. In add-on to the little figure of harvest workss used for basic nutrient and fibers, many 1000s of wild workss have great economic and cultural importance and potency, supplying nutrient, medical specialty, fuel, vesture and shelter for huge Numberss of people throughout the universe. Plants besides play a cardinal function in keeping the planet ‘s basic e nvironmental balance and ecosystem stableness, and supply an of import constituent to the home grounds for the universe ‘s carnal life. At present we do non hold a complete stock list of the workss of the universe, but it is estimated that the entire figure may be in the order of 300,000 species. Many of these species are in danger of extinction, threatened by habitat transmutation, over-exploitation, foreign invasive species, pollution and clime alteration. The disappearing of such critical and big sums of biodiversity poses one of the greatest challenges for the universe community: to hold the devastation of the works diverseness that is so indispensable to run into the present and future demands of world. Plant preservation, long the hapless relation of the preservation universe, has started to come into its ain since the rise of preservation biological science as a recognized subject in the 1980s. Plant preservation, and the heritage value of exceeding historic landscapes, was treated with a turning sense of urgency. Specialist gardens were sometimes given a separate or bordering site, to expose native and autochthonal workss.3.2 Off-site works preservationOff-site preservation is the preservation of workss off from their countries of natural happening. The term ex situ is often used to depict the off-site preservation. Off-site preservation non merely include turning the workss in botanic gardens, the construct extends every bit good to field cistron Bankss, clonal aggregations, and source plasma Bankss where propagating tissues and seeds are preserved for turning in the hereafter. Off-site preservation can affect a scope of works parts-the whole works, seed, other tissues, or famil ial stuff in civilization. Whole, populating workss have peculiar value for preservation and will go on to be a major concern of off-site preservation. But conserving whole workss is non simple. To capture the scope of familial fluctuation, such aggregations require big figure of workss ; these are expensive to set up and keep. If the workss are annuals, they will necessitate seasonal reproduction. Outside their natural habitat some workss may necessitate manus pollenation and particular intervention of fruit and seeds to guarantee sprouting. It is fortunate that bettering engineering is doing storage as seeds, seedlings, rootstocks, tissues in civilization, and even DNA an option for many workss.3.3 Global Strategy for Plant ConservationThe entry point for the scheme is works preservation ; other facets such as sustainable usage, benefit-sharing and capacity edifice are besides included. The Strategy provides an advanced model for actions at planetary, regional, national and local degrees. The scheme is suppo rted by a broad scope of organisations and establishments – authoritiess, intergovernmental organisations, preservation and research organisations ( such as protected-area direction boards, botanic gardens, and cistron Bankss ) , universities, research institutes, nongovernmental organisations and their webs, and the private sector. The most advanced component of the Strategy is the inclusion of 16 outcome-orientated marks, aimed at accomplishing a series of mensurable ends by 2010.3.3.1 AimsThe ultimate and long-run aim of the Global Strategy for Plant Conservation is to hold the current and continuing loss of works diverseness. The Strategy will supply model to ease harmoniousness between bing enterprises aimed at works preservation, to place spreads where new enterprises are required, and to advance mobilisation of the necessary resources. The Strategy will be a tool to heighten the ecosystem attack to the preservation and sustainable usage of biodiversity and concentrate on the critical function of workss in the construction and operation of ecological system and assure proviso of the goods and services such systems provide.4.0 Role of Botanical Gardens in Plant ConservationBotanic gardens have jointly accumulated centuries of resources and expertness that now means they play a cardinal function in works preservation. Many of these activities contribute to ex situHYPERLINK â€Å" hypertext transfer protocol: //www.bgci.org/ourwork/ex_situ/ † preservation, but botanic gardens besides play an of import function in in situHYPERLINK â€Å" hypertext transfer protocol: //www.bgci.org/ourwork/Ecosystems/ † preservation Gardening and cultivation accomplishments allow us to turn workss that might be lost in nature, which means their workss ‘ diverseness can be conserved in the gardens, but besides allows us to see Restoration and rehabilitation of debauched home grounds. Populating aggregations of workss cod species under assorted groupings, to keep a life shop of familial diverseness that can back up many activities in preservation and research. Seed Bankss and aggregations of life workss allow species to be safeguarded. Plants must be carefully collected stored to guarantee maximal familial diverseness is retained, and much research is required to find the best manner of hive awaying each species. This is the preservation of works diverseness in situ, and botanic gardens are cardinal to this scheme ‘s capacity and success.. Research and development into works taxonomy and genetic sciences, phytochemistry, utile belongingss, informing choice of workss that can defy degraded and altering environments ( particularly of import in face of the menaces posed by clime alteration ) . Education is a strength of botanic gardens that allows them to pass on the importance of conserving workss, making out to diverse audiences, and besides to pass on how this may be achieved. Associating workss with the wellbeing of people, and besides assisting conserve autochthonal and local cognition, to promote the sustainable usage of works resources for the benefit of all, as portion of sustainable development. The preservation of works diverseness is critical for sustainable development and botanic gardens are playing a cardinal function as Centres of preservation action. Gardens maintain a broad scope of species as life workss, in seed Bankss and tissue civilization ; harmonizing to appraisal of BGCI, there are likely over 80,000 species in cultivation in botanic gardens of the current estimation of 270,000 known works species in the universe. Botanic gardens contain aggregations of workss for instruction, scientific intents and show ; they can be: Taxonomically-based – aggregations of a peculiar household, genus or group of cultivars ; Collections of native workss ; Plants which portion a common geographical or ecological beginning such as Mediterranean, desert or alpine ; Wild relations or cultivars of utile species such as medicative, aromatic or textile workss ; Shared wont or life signifier such as an grove, botanical garden or lush aggregation. Botanic gardens besides have of import preservation aggregations peculiarly of rare and threatened workss. Harmonizing to the IUCN Red List of threatened workss 34,000 taxa are considered globally threatened with extinction. Presently, over 10,000 threatened species, about a 3rd, are in botanic garden cultivation. These workss contribute to species recovery programmes and supply long-run backup aggregations. Botanic gardens undertake research – from works taxonomy, ecology to engendering systems. With their expertness in gardening, botanic gardens develop extension and cultivation methods for workss which have ne'er been in cultivation. All these countries are indispensable for species recovery programmes and reintroduction of workss into the wild, such as developing techniques to re-introduce the Dragon Trees into the natural state. A major cause of biodiversity loss is the over-collection of wild workss for gardening, medical specialty and nutrient. Bringing workss into cultivation can take the force per unit area off the wild populations, and besides back up supports by bring forthing income and promote trade Botanic gardens besides manage protected countries within and outside their garden to advance biodiversity. These ecosystems such as woods, shrub land, catchment countries, and coastal countries provide indispensable services from the coevals of H2O, cycling of foods and refilling of dirt birthrate and bar of eroding which are critical to the supports of all people. One of the major causes of species decline is invasive foreigner species which threaten workss, works communities and ecosystems. Botanic gardens with their accomplishments in designation and gardening proctor invasive species and work locally and nationally to reconstruct home grounds that are of import for diverseness. Botanic gardens work with their local communities and visitants on instruction and environmental preservation programmes which promote environmental consciousness and sustainable life. Globally, botanic gardens receive more than 200 million visitants a twelvemonth. Further, botanic gardens are cardinal establishments working with their authoritiess and other administrations on cardinal policies, national biodiversity schemes and action programs.5.0 Botanic Garden in Malaysia – Rimba Ilmu5.1 IntroductionRimba Ilmu is a tropical botanical garden, set up in the University of Malaya campus in Kuala Lumpur, Malaysia. It is modelled after a rain forest garden construct instead than a formal flower garden. It emphasises the vegetation of the Malaysian and Indonesian part. Together with the life aggregations of over 1,600 species, the Rimba Ilmu besides houses the University of Malaya herbarium ( acronym KLU ) and has its ain Environmental Education Programme. The Rimba Ilmu is a member of the Botanic Gardens Conservation International ( BGCI ) and the South East Asia Botanic Gardens Network.A Rimba Ilmu means â€Å" The Forest of Knowledge † in the Malay linguistic communication. The garden, established in 1974, occupies an country of 80 hectares. It is partially buffered by old gum elastic plantings and the life aggregations, largely from Malaysia, are one of the most of import biological conservatories in Malaysia. There are besides works species from other parts of tropical Asia, the Pacific islands, Australia, South America, Africa and Madagascar.A Rimba Ilmu ‘s mission is to bring forth and advance consciousness and cognition of tropical works life and its environment, ecology and preservation through the development and direction of installations and activities appropriate to its map in a university located within Malaysia ‘s most developed and populated landscape. The Herbarium ( a mention library of preserved works specimens ) is Malaysia ‘s largest university aggregation incorporating some 63,000 accessions. In the Garden, there are several chief show aggregations, including medicative workss, thenars, and the citrous fruit and citroid aggregation. The Conservatory of Rare Plants and Orchids, opened in 2000, and the Fernery, with seting constitutions made over several old ages and commissioned in 2003, are accessible merely to particular group visits and research contacts, and a new bambusetum ( populating aggregation of bamboos ) was completed at the terminal of 2003 and by and large accessible to the populace. There is besides a little research aggregation of bananas. A high spot in the development of the Rimba Ilmu is the constitution of a particular botanical garden ( populating aggregation of trees ) get downing in 2001 as the ground tackle for our â€Å" Millenium Forest † undertaking, which seeks to prosecute friends and concerned parties in set uping biologically diverse forest plantings in doing a new wood within the metropolis of Kuala Lumpur.A Besides holding a general aggregation of species from a assortment of works households selected for instruction, Rimba Ilmu is besides developing assorted particular aggregations runing from those of medicative workss, wild orchids, thenars, pandan, tropical fruit trees, gingers, aquatic workss, wild citrous fruit relations to rare and endangered workss in demand of preservation.5.2 Role in Plant ConservationRimba Ilmu is an of import depository for many types of workss, including preservation aggregations of rare and endangered workss, and particular aggregations of the utile workss ( such as citrous fruits and starch thenar ) and their wild relations. In 2001, two other particular aggregations, bamboos ( sponsored by the International Plant Genetic Resources Institute ) and bananas ( anchored by one of the university ‘s research groups in banana cytology ) , were besides begun. Over 2004-5, with the aid of DHL and affecting their employees, a particular aggregation of Malayan wood trees has besides been established. Outside of the Rimba Ilmu, it may be really hard to detect so many different species of some groups, and the home grounds of some of these workss may hold already been altered or damaged. Conservation besides involves public consciousness, and visitants are foremost treated to a lasting exhibition on Rain Forests when they start to acquire familiar with the Garden.A6.0 DecisionBotanic gardens maintain a broad scope of species as life workss, in seed Bankss and tissue civilization. Therefore, botanic gardens contain aggregations of workss for instruction, scientific intents and show. In decision, the botanical garden drama an of import function as the ex situ preservation for works and besides in situ preservation site. The preservation of works diverseness is critical for sustainable development and botanic gardens are playing a cardinal function as Centres of preservation action.

Essay about Arguments against Physician-assisted suicide

The United States is a nation founded on freedoms and liberties, giving each citizen the ability to make their own life decisions. This freedom includes all aspects of one’s life, including medical care. With freedom comes responsibility, and this is true in terms of physician-assisted suicide. The ongoing struggle between those in favor and those opposed to this subject has ravaged the medical field, bringing into question what is morally and ethically right. The fact of the matter is that physician-assisted suicide is neither morally nor ethically acceptable under any circumstance. Not only is it a direct violation of a doctor’s Hippocratic Oath, but it is not constitutionally binding. Physician-assisted suicide would also lead to†¦show more content†¦This line directly refutes the idea of a doctor assisting in the suicide of another living being. By promoting physician-assisted suicide, doctors invalidate their pledge to be the best healer they possibly can. This, in essence, ruins their credibility and their reputation as a physician. The opposition to this idea states that the no harm claim within the Hippocratic Oath allows for a doctor to end a patient’s life if they are suffering. They claim that it is more harmful to the patient to suffer the pain and agony of a terminal illness than for doctors to assist in the death of their patient (Humphry). The problem lies with the definition of no harm. Hippocrates intended for doctors to heal their patients, not kill them. The Hippocratic Oath is clear when it states that no lethal drugs or other methods of assisted suicide should be practiced (â€Å"Greek Medicine†). Ignoring these principles goes against the Hippocratic Oath, degrading a doctor’s credibility and character. Not only does physician-assisted suicide discredit a doctor, but it is not constitutionally sound. Physician-assisted suicide has been brought to the attention of the Supreme Court on several occ asions, in order to test the constitutional backing. The result is always quite similar: the Supreme Court rules against physician-assisted suicide. There was one particular supreme court case, Washington v. Glucksberg. The state ofShow MoreRelatedRichard Doerflinger s Argument Against Physician Assisted Suicide1465 Words   |  6 Pages1) Compare and Contrast †¢ a) Richard Doerflinger is the first author and is against physician-assisted suicide. In his article he starts by saying that killing an innocent person is against the Jewish and Christian worldviews. He argues that those in favor of assisted suicide put less, if no, value on human life. He quoted an advocate of assisted suicide, Attorney Robert Risley, who stated that a life of suffering â€Å"racked with pain,† is â€Å"not the kind of life we cherish.† Roerflinger says that advocatesRead MoreEthical Considerations in Dealing with Changes in the Healthcare System929 Words   |  4 Pagesconsideration that creates controversial discussion is the subject of physician-assisted suicide. Physician-assisted suicide is described as the act in which a physician provides the means necessary for the client to perform the act of suicide. The issue of physician-assisted suicide is viewed through many different perspectives. The topic of physician-assisted suicide has b een debated since the development of medicine. Physician-assisted suicide was first legalized in the United States in Oregon in 1997.Read MoreAdvocates Against Assisted Suicide Advocates Essay1681 Words   |  7 PagesAdvocates against assisted suicide argue that the untaken medication will be dispersed to a larger group of people than just the terminally ill it was intended for. A little over 40% of the population of individuals that received life-ending medication did not even take the medication (Keown 172). Keown details a summary of the prescriptions ingested in 2015 as of this current January. All of the medications that a prescription was written for were carefully tracked and observed. The Death with DignityRead MoreThe Progressive Case Against Assisted Suicide1413 Words   |  6 Pagesunder physician-assisted suicide. Unfortunately, she had to relocate from California, where her friends and family lived, to Oregon in order to fall under the â€Å"Die With Dignity† act. According to euthanasia.procon.org, only four states in the whole country have legalized assisted suicide. Unfortunately, there are many like Maynard, who have to relocate and leave their home or go through a long and strenuous court battle to receive this treatment plant. This is due to the disapproval of physician-assistedRead MorePhysician Assisted Suicide, When Is It Acceptable?1709 Words   |  7 PagesPhysician-Assisted Suicide, When is it acceptable? Assisted suicide had raised issues of great importance in the society particularly the most controversial of all, the physician assisted suicide in the health care field. Since Oregon and other states implemented the legalization of physician assisted suicide, the debates continues. The U.S. Supreme Court decisions in 1997 and the Pain Relief Promotion Act of 2000 (H.R. 5544) have kept these topics on the policy of the national agenda, along withRead MoreAssisted Suicide : Pro Choice Or Anti Life?1130 Words   |  5 PagesPhysician assisted suicide is a topic that promotes debates from all sides. At the core of the physician assisted suicide debate is the idea that people should have the right to commit suicide if they choose to. There are those who feel human beings should have complete control over what happens to their bodies. Then there are those who feel we should strive to save life at all costs. When you add in the idea of a physician who has sworn to do no harm helping a pe rson to end their life, the debateRead MorePhysician Assisted Suicide Should Be Legal1223 Words   |  5 Pagesthe practice of physician assisted suicide. This would allow terminally ill patients, many of whom have cancer, to make the difficult decision to end their lives peacefully. Doctors are able to simply write their patient a prescription, designed to end a person’s life in a non-painful way. Doctors and medical personnel have struggled with this topic, exploring the various consequences and benefits that come with making assisted suicide legal. Currently, physician assisted suicide has been made legalRead MoreThe Catholic View of Euthanasia Essay856 Words   |  4 Pagesto die. Euthanasia and suicide are both gods power over out life and death. a person who insists that they have the right to die is breaking their vital relationship with god. Refusing aggressive medical treatment The church says that it is acceptable to refuse extraordinary and aggressive medical means to preserve life. Refusing such treatment is not euthanasia but an acceptance death, because its wrong to commit suicide, it is also wrong to have assisted suicide and have someone to killRead MoreSince The Fifteen Century, Society Has Viewed Suicide Or1178 Words   |  5 PagesSince the fifteen century, society has viewed suicide or intentional death as immoral. It was not until the twentieth century that these â€Å"immoral† attitudes were challenged. As of 2016, the Netherlands, Belgium, Luxembourg, and Colombia have unambiguously legalized direct assisted dying. Other areas, having to undergo a process of either a judicial or legislative decision, include Canada, Japan, and Germany. Currently in the United States, following the same process of a judicial or legislative processesRead More Assisted Suicide and Euthanasia Essay1436 Words   |  6 PagesAssisted Suicide and Euthanasia   Ã‚  Ã‚  Ã‚  Ã‚  Assisted suicide is one of the most controversial topics discussed among people every day. Everyone has his or her own opinion on this topic. This is a socially debated topic that above all else involves someone making a choice, whether it be to continue with life or give up hope and die. This should be a choice that they make themselves. However, In the United States, The land of the free, only one state has legalized assisted suicide. I am for assisted

Feminist Ideals in Zora Neale Hustron´s Eyes Were Watching...

America witnessed the birth of the Women’s Rights Movement over 150 years ago with the Seneca Falls Convention in 1848. Since this historic event, American women have not ceased fighting for equality and free will in every aspect of their lives. While first-wave feminism involved suffrage and political equality, second-wave feminism combatted social and cultural inequalities. Despite limitations to their personal freedom, women have overcome adversity to advocate for and acquire a more equal position in society. Among these progressive women stands Zora Neale Hurston, whose works are viewed as essential to the continuum of American feminist literature. One of the first great American black female writers, Hurston refused to concede to†¦show more content†¦While Janie yearns for â€Å"idyllic union† and emotional fulfillment, Nanny maintains the â€Å"prevailing sexual and racial milieu† by arranging her marriage with wealthy landowner Logan Killicks (Mee se 264). Hurston purposefully compares Janie’s progressive ideals to those of feminists who were coined as â€Å"New Women† who sought marriages based on equality. She directly relates this contrast in beliefs to feminist’s dreams of and efforts towards success and equality through female autonomy rather than material wealth and security under a man’s control. Furthermore, as Janie settles in her second marriage with Jody Starks, she becomes increasingly dissatisfied. Janie’s feelings of confinement and entrapment steadily rise as Jody orders her to remain introverted and shuttle between the general store and home (Moss and Wilson 3). He forces Janie to play the role of a beautiful and submissive wife and â€Å"does not allow her to articulate her feelings or ideas [although she] longs to participate in everyday town life† (Moss and Wilson 3). Accordingly, Hurston scorns Jody for believing â€Å"She’s uh woman and her place is in de home† (43) and utilizes his chauvinistic outlook to promote women to establish importance outside of homemaking and caregiving. Hurston’s proposal directly reflects and supports Catharine Beecher’s influential efforts to â€Å"reconcile women to the limitations of the domestic sphere† (Cott 40) and expand women’s ability to excel in a multitude of different

Worldwide Paper - 1925 Words

Drexel University Worldwide Paper Company Group 2 Case Analysis Brian Burke, John Lafferty FIN 790 Winter 2015 Seminar in Finance Dr. Samuel H. Szewczyk Lebow School of Business February 9, 2015 Executive Summary: Blue Ridge Mill is a wood mill owned by Worldwide Paper Company and supplies wood pulp for the company for use in paper production. Blue Ridge Mill bought its wood supply from Shenandoah Mill’s excess production of shortwood that was processed from its longwood supplies. In 2006, Bob Prescott, the controller for Blue Ridge Mill, was considering a project that would give Blue Ridge Mill the capability to process longwood into shortwood, which would eliminate the need to purchase from Shenandoah Mill, as well as compete†¦show more content†¦As a result, the cost of debt is 5.88% and is calculated as follows: The cost of equity can be calculated by using the capital asset pricing model (CAPM). CAPM requires that a market risk free rate, the market risk premium, and the beta for the company. The market risk premium (6%) and the company beta (1.1) is given directly and can be seen in tables 2 and 3 below. Government bonds are used for the risk free rate. Since 10 year corporate bonds are used for the cost of debt, the 10 year Treasury Bond of 5.60% will be selected as the risk free rate. The 10 year bonds are also a good match for the project duration, which is between 5 and 10 years. The cost of equity of 11.20% is than calculated as follows: With the cost of debt and the cost of equity calculated, the WACC is calculated below. The cost of debt is further discounted by one minus the tax rate since the interest paid on debt is treated as an expense prior to being taxed. Table 2: Interest Rates December 2006 Table 3: Company Financial Information Using the calculated WACC and the company’s hurdle rate for this project, under Bob Prescott’s cost savings and additional revenues assumption, the project’s IRR is now greater than the hurdle rate. Furthermore, the net present value (NPV), payback period and the additional value added to the earnings per share (EPS) are shown in Table 4 below. Using just these figures, the project should be accepted.Show MoreRelatedWorldwide Paper1269 Words   |  6 Pagessavings and revenue increases)? The investment proposed by Bob Prescott, an on-site longwood woodyard, would reduce operating costs by processing tree-length logs, as well as increase revenues by selling shortwood. Cost Savings: In 2006, Worldwide Paper’s Blue Ridge Mill had to purchase shortwood from competitor, Shenandoah Mill. The new woodyard would begin operations in 2008, thus saving Blue Ridge Mill $2mm in year one and $3.5mm the years after. The savings would come from theRead MoreWorldwide Paper1326 Words   |  6 PagesWorldwide Paper Case Study Incorporated in 2001, Worldwide Paper Company (WPC) is a corporation which is always focus on providing finest paper products to its clients and stakeholders. Headquartered in UAE, WPC’s most sales are distributed from the regions of Middle East, Asia, Africa and Levant. As a global company nowadays, the area of operation of WPC includes paper trading-commodity and conventional grads, indenting and custom order-commodity and conventional grades, merchanting and stockRead MoreWorldwide Paper658 Words   |  3 PagesEXECUTIVE SUMMARY Worldwide Paper Company Longwood Woodyard Proposal Blue Ridge Mill is considering the addition of a new on-site longwood woodyard in 2006. This proposal is expected to gain two primary benefits during its 6 years economic life: to bring substantial cost saving by eliminating the need to buy shortwood from outside suppliers and produce its own shortwood to sell in open market. After executing detailed and sensitivity analysis, the project is expected to create value for shareholdersRead MoreWorldwide Paper Company764 Words   |  4 Pagesï » ¿ EPPM3644 KEWANGAN KORPORAT DAN PENSTRUKTURAN SET: 3 REPORT OF CASE STUDY: CASE 19 WORLDWIDE PAPER COMPANY PROFESSOR: DR. LIZA MARWATI BINTI MOHD YUSOFF GROUP MEMBERS: LOH CHAI LING A140178 GOH HOOI SAN A139708 KERK (KEH) YIH JEN A139574 SEMESTER 2, 2013/2014 INTRODUCTION In December 2006, Bob Prescott, the controller for the Blue Ridge Mill, was considering the addition of a new on-site longwood woodyard. Two primary benefits for this new addition includeRead MoreWorldwide Paper Case2055 Words   |  9 Pages WORLDWIDE PAPER COMPANY Blue Ridge Mill currently purchases shortwood from a nearby competing mill for pulp production. Bob Prescott, the controller for Blue Ridge Mill, is considering the addition of a new on-site longwood woodyard. The new woodyard would have two main benefits including the ability to eliminate the need to buy shortwood from an outside source and the opportunity to sell shortwood on the open market as a new market for Worldwide Paper Company. The new woodyardRead MoreWorldwide Paper Company Case Write Up1126 Words   |  5 PagesIn the case of Worldwide Paper Company we performed calculations to decide whether they should accept a new project or not. We calculated their net income and their cash flows for this project (See Table 1.6 and 1.5). We computed WPC’s weighted average cost of capital as 9.87%. We then used the cash flows to calculate the company’s NPV. We first calculated the NPV by using the 15% discount rate; by using that number we calculated a negative NPV of $2,162,760. We determined that the discount rateRead MoreEffective Methods Of Becoming A Paperless Organization1663 Words   |  7 Pagesopt for an electronic version. Whether that is a receipt you get from a restaurant or an invoice from a hotel it is all sent via email. Some hotels and restaurants in the hospitality industry have found alternative techniques, as opposed to using paper. This essay will examine different methods used by certain organizations, which have been proven as effective methods of becoming a paperless organization. These include The Hilton hotels and even more specifically, The Waldorf Astoria. In terms ofRead MoreEnvironmental Deterioration Of A Sustainable Industrial Development1223 Words   |  5 Pagesof cleaner production in China, however, we are going to discuss about the paper and pulp industry and its journey towards the cleaner production.Paper and pulp industries are one of the most energy and capital intensive industries in the world. From 2000-2010 the paper and virgin pulp production increased on average value of 12% and the demand is speculated to increase 2.1% each year till 2020. (Kong, et al., 2013) Paper and pulp industries accounts for 2% of the direct CO2 emissions and 5% of energyRead More Books Will Never be Replaced Essay examples1692 Words   |  7 Pagesreincarnation of an author that allows us to believe it will continue to be revered and regarded even in our age of computerized information? How can we be sure that, just as the clay tablet gave way to the scroll and bound book, the faith we have placed in paper editions will not be improved upon with the microchip? It may be that for all our attempts to squeeze and shrink information into screens, to encapsulate a world of knowledge into the size of a suitcase, to create a communications device which is alwaysRead MoreLegalization Of Marijuana And The Hemp1436 Words   |  6 Pagesquestions I will hope to answer within this paper. I will hopefully find enough supporting evidence to support the legalization of Marijuana and the hemp crop itself. The country‘s economy is really going through hard times right now, with our country in the most debt that it has ever seen. I firmly believe that the legalization will help facilitate the recovery with economic with growth in many different avenues. Some of these avenues will include growth in the paper industry, cloths industry, and the way

The History of Engineering Education in the United States free essay sample

A look at the development of engineering education and its effect on society. In this paper the author takes an in-depth look at the history of engineering education and the ways that engineering, and engineering schools, continue to improve life. The author investigates why engineering schools began to assume greater importance in the second half of the 19th century in the United States and considers the historical context of engineering and engineering education. From the paper: As peoples understanding of the ways in which the physical world is constructed increased over time, engineering developed a number of sub-fields that addressed the various problems inherent in different materials and different applications. Thus developed the traditional four primary engineering subdivisions: civil, mechanical, electrical, and chemical. Over time specific educational programs would develop to train engineers in each of these sub-fields.

Women in Latina America During 1950s free essay sample

From their Native American ancestors, they inherited the belief that women are wise and powerful offering their unique and valuable contributions to society. However, at the same time they were expected to follow the Spanish tradition of feminine submission to the strong male. Their strengths were both honored and respected- and denied and unaccepted. Latin American women had to fulfill certain roles. They were supposed to be a caring mother, diligent homemaker and obedient wife. Moreover, women were expected stay at home, bear children, and maintain the house. They were expected to clean and cook to make sure everything was sufficient when their husband came home from work. We can see this in Chronicle of a Death Foretold when Mercedes ,(the narrator’s wife) says that â€Å"the girls had been reared to screen embroidery, sew by machine, weave bone lace, wash and iron, make artificial flowers and fancy candy, and write engagement announcements (Marquez 31). We will write a custom essay sample on Women in Latina America During 1950s or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Women also needed to take responsibilities when it came to their children such as educating them. They were not allowed to participate in the work force as their husbands did. Machismo played significant role in the Latin American society. It was brought to Latin American by Spanish conquerors. It is considered a strong or exaggerated sense of manliness; and assumptive attitude that virility, courage, strength and entitlement to dominate are attributes of masculinity. Machismo was also portrayed in the novel The Chronicle of a Death Foretold such as when â€Å"Pedro Vicario asked to borrow her husband’s shaving implements, and she brought him the brush, the soap, the hanging mirror, and the safety razor with a new blade, but he shaved with his butcher knife. Clotilde Armenta thought that was the height of machismo† (Marquez 63). Clotilde thought that shaving with a razor was manly representing machismo. This ritual is known to be performed by many men throughout history and because it is one of the few activities that is completely and exclusively male. Machismo is also portrayed in the novel when the men take pride in visiting Maria Clotilde’s brothel, where they use women for sex. They are not ashamed of their actions because their society endorses it. Additionally, machismo can be seen when the Vicario brothers kill Santiago because it was an attempt to take back Angela’s honor by killing the man who deflowered her. Marriage was very important in the Latin culture. Women were expected to be virgins when they got married. Virginity was considered very sacred because it was supposed to be saved for the man you truly love (your husband). â€Å"On the other hand, the fact that Angela Vicario dared put on the veil and the orange blossoms without being a virgin would be interpreted afterwards as a profanation of the symbols of purity† (Marquez 41). Angela represents that being a virgin was very disgraceful; hence the fact that she was returned to her parents after her husband found out that she was deflowered. Divorce was also looked down upon because the woman and man should have taken the time to know each other well before they got married. Women were granted freedom after the feminist movement where women took on jobs outside the home to help support their families. Feminists demanded equality for women; they insisted that women were as capable as men; and they tried to raise the consciousness of men and women. The movement grew and spread through the sixties and into the seventies. Latin American women today are no longer powerless. They are taking charge working, while being able to take on children and all the responsibilities of home life. A great example of a strong woman would be Gwen Estefan who went from being a Cuban refugee to having a $170 million fortune. Her concerts are contemporary and professional but still demonstrate Hispanic family values. Additionally, many families today depend on the income of both the husband and wife in order to make ends meet. â€Å"Women leave their homes for many different kinds of jobs and they experience more freedom and financial independence† (Sanna 72). Today a macho man is one who supports his family against all odds, and who disciplines his children to be honest and hard-working. It is a key factor in shaping a healthy family, and it’s a source of discipline that teaches children courtesy and high moral standards. The Latino interpretation of a macho man is one who is fervent, confident, energetic, physically strong, assertive, determined and passionate. In conclusion, Latina women are just as powerful and capable of doing the things that their husbands do; however in the 1950’s it was very different. They were expected to stay at home, bear children, and maintain the house. But as we see the evolution of society, it is proven that women and men have equal rights.