Financial Ratio Analysis for HSBC

Financial Ratio Analysis for HSBC HSBC is the Hong Kong and Shanghai Banking Corporation, established by Thomas Sutherland, in 1865. HSBC is one of the leading banking group on the financial market in the world today. In 2000, it ranked fifth largest global company in the world. HSBCs headquarters is located on the HSBC tower, Canary Wharf, London. HSBC bank is a wholly owned subsidiary of HSBC Holding plc. The shares of HSBC bank are not publicly-traded, but those of HSBC Holdings plc are traded on the London, New York, Hong Kong, Paris and Bermuda stock exchanges. The HSBC Corporation has been expanding rapidly with merger and acquiescing and it ranked second with assets for worlds wealthy company. HSBC has $1.861 trillion in assets as compared to Citigroup, which has $1.884 trillion, 31 Dec 2006. Nearly 22% of HSBCs earnings are derived from Hong Kong, which is one of its major operational bases. HSBC has grown into one of the largest global financial institutions with 9,500 offices in 79 countries and identity of HSBC brand have been well recognizing in the worldwide since it established. Known as the worlds local bank, HSBC has a history of helping millions of customers for their financial needs. FINANCIAL RATIO ANALYSIS Financial ratios for HSBC (2005-2009), for the industry of Foreign Money Center Banks are provided below. Industry 2009 2008 2007 2006 2005 2009 Net profit margin(%) 9.0 6.1 20.6 20.7 25.1 11.9 Return on Equity(%) 4.5 6.1 14.9 14.6 16.1 12.6 Return on Assets(%) 0.2 0.2 0.8 0.8 1.1 7.9 Debt to equity 1.38:1 2.23:1 2.12:1 2.33:1 2.90:1 3.68:1 Current Ratio(2:1) 1.05 1.03 1.06 1.06 1.07 1.40 Interest Coverage(times) 1.3 1.2 1.4 1.5 1.7 1.2 Profitability Ratios Profitability ratios are show effectiveness of the business with generating profit. This ratio is popular that assessing a business to assess the amount of wealth generating for the amount of wealth invested. In 2009, HSBCs net profit margin ratio (9.0) is dramatically lower than year 2005. In 2005 net profit margin ratio is the highest (25.1) in other years. The lowest net profit margin ratio appeared as a 6.1 in 2008 and that had brought by global economic recession. There is slightly lower ratio (9.0) on net profit margin compare to its industry (1.9) in 2009. The higher net profit margin explains HSBC has good financial performance and cost of sales lower than other years in 2005. Liquidity Ratio HSBCs liquidity ratios are almost remained the same, between 2005 and 2009. Although, HSBC is slightly less liquided than the average firm in the industry, with both a current ratio and a quick ratio that is lower than the industry average. If a both ratios are lower than its norm (current ratio2:1, quick ratio1:1), it could be face liquidity problem. Capital Gearing Ratios Capital gearing is concerned with the relative sizes of the funds provided by share-holders, on the other hand by loan creditors. HSBCs Debt/equity ratio has dropped from (2.90) in 2005 to (1.38) in 2009. The lowest figure (1.38) occurred in 2009 on debt to equity and its dramatically lower than its industry (3.68). Debt to equity ratio indicated that HSBC is less leveraged than other firms in industry. This lower leverage shows HSBC has good financial performance in its industry. Management efficiency 2010 (1st quarter) HSBC Barclays Industry SP(500) Income/employee 22,226 36,763 66,753 99,430 Revenue/employee 238,067 303,095 396,097 896,721 Net profit margin 14.0 11.6 11.9 HSBC has net profit margin higher than other firms in industry and SP(500). But if we look at productivity of HSBC, and compare to Barclays, its industry and SP(500), its dramatically lower than any other those. Which means productivity is poor and $14,537 ($36,763-$22,226) lower than Barclays productivity of per employee. Therefore, there is a conflict between practice and theory of (productivity and net profit margin). According to theory productivity should be high if net profit margin high, in that case they are not. Perhaps HSBC need to consider about poor fixed and indirect cost. Conclusion We need to consider about market efficiency (which form of efficient market hypothesis). Seems to me, the efficient market hypothesis is involved in semi-strong form, which means we able to use all available public information including firms data (annual reports, income statement, exchange commission etc.), competitors financial situation, macro economic factors etc. . .Before we invest 250,000 pound to buy some share of HSBC. HSBC has strong balance sheet, income statement is perfect except some losses between mid 2008 and early 2009 and price earning per share higher than its main competitors of Barclays, SP500, and its industry. The management efficiency little bit poor but the management performance getting strong and they making their share price uptrend dramatically since the economic recession (in 2008). HSBCs net profit margin was 9.1% in 2009, now it is increased at 14% in 1st quarter of 2010. Which means the management performance is strong and marketing is effective in the market place. The history of share price chart is illustrated the share price increased slightly from at the price of 81.00 GDP in September 2005 till at price of 90.00 GDP in December 2007 and it is peaked up at 100.00 GDP in January 2008. January effect is very strong in HSBCs share price. The share price huge difference between End of December and January of every new a year and since 2005, the investors were making profit (3.00 GDP to 5.00 GDP) on per share in 3 weeks. I would like to recommend that we need to make an investment on HSBCs share with 250,000 GDP before January effect (end of December most of the stock holders want to sell their stocks, because of tax issue). The strategy of stock investment is buy-and-hold. That would be good investment for buying HSBCs shares.

Reasons for Being in College Essay

If your child ever asks, â€Å"Why should I go to college?† here are five reasons! 1. Make more money. People who graduate from college make more money than those with just a high school diploma. A lot more money, actually. People with a college degree make around $1,100 a week. Someone with a high school diploma makes just $638. 2. Have more opportunity. People who go to college open up their choices for jobs. Many jobs these days require a college degree. Plus, college graduates have less chance of losing their jobs. In 2009, there were 9.7 million unemployed high school graduates, compared with 5.2 million college graduates without jobs. 3. Make connections. In college, students make new friends and other connections that will be helpful when it’s time to get started in a career. Those friends they make in college will help them get jobs, and these connections and networks will help them throughout their lives. 4. Live a healthier and happier life. Studies have shown that college graduates are healthier and are less likely to get divorced. The divorce rate for college graduates who married between 1990 and 1994 is about 25 percent. That’s compared with more than 50 percent for those without a four-year college degree. Plus, people with just a high school diploma are nearly twice as likely to be in poorer health than college graduates. 5. Start a tradition. If your child goes to college, your grandchildren will be more likely to go too: 71 percent of students with at least one parent who has a bachelor’s degree apply to college themselves. Only 26 percent of first-generation students (those with no parent who went beyond high school) apply to college.

Healthcare Reform

Healthcare Reform By Kim LeFave Healthcare is one of the hottest political topics in the news. It affects every man, woman, and child. I’m sure most if not all of you have caught something on this topic. As I researched this topic on the internet I was surprised to learn some of the statistics on healthcare in America. Even though our nation is faced with recession and more than 8% of Americans are unemployed I still assumed the rest of the 92% of working Americans had some kind of healthcare insurance. I was alarmed to learn that 15% of Americans have no coverage. This is roughly 47 million Americans. To me it is obvious that healthcare reform is necessary. We are still one of the richest countries in the world. Why are so many without any healthcare insurance? Those of you who work full-time, how many of you pay a certain amount out of your weekly check for healthcare insurance? It seems to go up higher than the cost of living each year. Do you have adequate coverage? Most Americans are not happy with the out of pocket expenses they have to pay in addition to paying high premiums. Do you have a co-pay every time you see a doctor? Do you have to pay a portion for drug coverage? These costs can add up. When was the last time you saw a doctor? Do you avoid doctors unless you are absolutely sick? The reason I am bombarding you with these questions is to get you to think about what healthcare reform might mean to you. What is it you want out of your healthcare insurance provider? Most of us might say lower out of pocket expenses, like low or no co-payments for doctor’s visits, or low or no co-payments for needed drugs, or even no money taken out of our paychecks to pay for that health insurance. Wouldn’t that be nice? Do you realize that most developed countries have universal healthcare systems, which means whether or not you are employed you are covered for your healthcare needs. After watching a PBS program about universal healthcare in other countries I was very surprised that our country was not trying to do some of the same things that these other countries were doing. Take for instance Japan, under their universal health care system MRI’s are about two hundred and fifty dollars, and in America it is about two thousand dollars. No doctor in Japan is getting rich quick, but people are able to afford healthcare more easily. It is much of the same in other countries that have universal healthcare systems. Okay let’s get back to what is now going on in this country. Basically the Healthcare Reform Bill under President Obama’s administration is a very small step in actual healthcare reform compared to what other countries have done. I’m sure most of you have heard that under the new reform bill insurance companies cannot deny coverage if you have a preexisting condition. Also it limits sky high premiums because of gender and age. It will also prevent insurance companies from dropping coverage when people are sick and need it the most. It will eliminate extra charges for preventative care like mammograms, flu shots, and diabetes tests to improve health and save money. It is supposed to protect medicare for seniors by extending new protections for medicare beneficiaries. It will also eliminate the â€Å"donut-hole† gap in coverage for prescription drugs. If you don’t have insurance this new reform bill will create a new insurance marketplace called the Exchange. This will allow people without insurance and small businesses to compare plans and buy insurance at competitive prices. It will also provide new tax credits to help people to buy insurance. It will give tax credits to small businesses and give affordable options for covering employees. It will offer a public health insurance option to provide the uninsured and those who can’t find affordable coverage with a real choice. It will offer new, low-cost coverage through a national â€Å"high risk† pool to protect people with preexisting conditions from financial ruin until the new Exchange is created. Hopefully this can all be achieved as proposed. It is not supposed to add to the national deficit and is paid upfront from the immediate savings from the initial healthcare reform. If savings are not realized essentially cuts will be required by the President to ensure that the plan does not add to the deficit. In addition these reforms will begin to rein in health care costs and align incentives for hospitals, physicians, and others to improve quality. It will create an independent commission of doctors and medical experts to identify waste, fraud and abuse in the health care system. It will order immediate medical malpractice reform projects that could help doctors focus on putting their patients first, instead of practicing on defensive medicine. To do this the Secretary of Health and Human Services is instructed by the President to award medical malpractice demonstration grants to states funded by the Agency for Healthcare Research and Quality. Also large employers with more than fifty employees who can afford to buy insurance so everyone of their employees share in the responsibility of reform will be required. Their will be a â€Å"hardship exemption† for those who cannot afford the premiums. Okay so there it is the basics of the new Healthcare Reform Bill proposed by President Obama and his administration. To me this is just a minute scratching of the surface for healthcare reform in this country. I suppose you have to start somewhere. Not every American will be happy with the proposed changes. To me it should be done more on a trial basis, but let’s get real try it before you buy it in this country is virtually unheard of especially when it come to healthcare. I’m sure we will learn as we go and that it will be an honest effort to avoid high cost health insurance. What bothers me the most is that many things that make the healthcare too costly are not being addressed. What about the cost of a doctor’s visit, or the cost of a procedure, or the cost of your drugs? Will it go down? This reform bill hardly explains if this will happen. I think because of the newly created Exchange, healthcare insurance may go down a bit, but only time will tell if by the year 2013 when the exchange is fully active if it will affect the cost of the quality of healthcare as a whole. I read a blog online that made me question what is in the future for Americans when it comes to healthcare. How are people who can’t afford healthcare now supposed to afford healthcare when this new reform bill goes through? The blog questioned the validity of our government taking over another area where they have continuously failed in other areas. The point was that the Medicare / Medicaid system is already nearing bankruptcy as well as the U. S. Postal Service. It questioned how all this was going to be paid for by suggesting that the only real way to get the money is more taxes. Does that offer Americans a choice or is this being forced on us? These are very important points and even tougher questions that any American would be concerned about. Another blog for the healthcare reform bill suggests that there are many areas that the government has handled well, for instance; fire departments, police departments, waste water management, military, and coastguard. Although most of us think of some of these on a local level they are all federally funded. The strongest point was that this healthcare reform bill will reduce administrative costs from 20-30% to 2-3%. This would also reduce the profit that big time insurance companies and their biggest investors would make. My sister-in-law had that laser surgery on her eyes. When she researched cost she found that she could go to Canada and pay far less for the same procedure. She paid about three thousand dollars compared to the hefty price tag of seven thousand dollars here in the States. Many people have gone to Canada to receive cheaper procedures and cheaper drug prices. To me this is the real issue in this country. Yes, the insurance is expensive, but if you think about it procedures are even more expensive. If the cost of procedures and drugs go down along with the cost of insurance then this would make more sense to me. I think it will be at least another 5-10 years before we see this happen in this country. I think this bill will force some insurance companies to either go bankrupt or lose a tremendous amount of money. How will they compete with the less expensive insurances? Will it be just what happened to our banks? I see lots of merging insurance companies in our future. I hate to be clique but I think only time will tell how this will work out for all our citizens, our government and our insurance companies. Healthcare Reform ? Health Care Reform It should come as no surprise that the United States’ current health care system is in need of some major changes. Everyone knows that going to the doctor or hospital in the United States can cost a lot of money out of pocket, whether you have insurance or not. Americans who do have insurance pay into it with every pay check, only to go to the doctor and have to pay more. What it would be like to not have to worry about how much money there is in the bank when someone is sick? When a person is ill there are enough things to worry about without having to worry if they can afford the doctor bill. What are some of the pros and cons of a health care reform for the United States? No one person or company is safe when it comes to the burdens of the rising costs and decreasing quality of care in our current health care system. â€Å"Per-person health care expenditures in the United States have risen 6. 5 percent per year since 2000, and 5. 5 percent per year on average since 1994. † (Furnas, Ben. (January 2009). â€Å"American health care since 1994: the unacceptable status quo†. Center for American Progress) Many Americans who do have insurance are not safe from the rising costs of insurance. â€Å"Health care costs burden American mployers, who are forced to cut back on providing coverage and benefits or suffer a competitive disadvantage against international companies who don't bear health costs. † â€Å"Premiums for employer-provided health care have doubled since 2000. † (Furnas, Ben. (January 2009). â€Å"American health care since 1994: the unac ceptable status quo†. Center for American Progress) Due to the recession, many Americans have lost their jobs and are left with no insurance. There are 46 million Americans with no health insurance. A large number that do have health insurance are under-insured. Under-insured means that some who have insurance re not adequately protected from high medical costs. Many people with no or little health insurance will put off preventative care and even care they may know they need, until it is so bad that it ends up costing even more money. Individuals with no insurance will end up being diagnosed in later stages than those with insurance. â€Å"Effective chronic disease management and preventive care have been woefully neglected as a national priority and should be a key piece of any comprehensive and effective Reform. † (Furnas, Ben. (January 2009). â€Å"American health care since 1994: the unacceptable status quo†. Center for American Progress) â€Å"Nearly 25% of uninsured children and 40% of uninsured adults have no regular source of medical care. † â€Å"Inadequate insurance coverage carries with it financial as well as medical risks: the costs of medical treatment are a leading cause of bankruptcy in the United States† (Oberlander, Jonathan. (2002). â€Å"the U. S. health care system: on the road to nowhere? â€Å". Canadian Medical Association Journal , 67, 163-67. ) As a â€Å"great and free† country, we can not sit by and allow our fellow Americans to be denied medical care simply because of their income. A lot of what is rong with the current health care system can be shown in our infant mortality rate. It is fact that the United States’ infant mortality rates is among one of the highest. The United States ranks 26th in the world in infant mortality. How one of the largest and most modernized countries in the world have such a high rate? The answer to that is, it shouldn’t. A Commonwealth Fund Study found that the United States achieves â€Å"an overall score of 65 out of 100 when comparing national averages with benchmarks of best performance achieved internationally and within the United States. † It is clear that the United States is coming in well elow the standards of health, efficiency, and care. What would it be like to have a universal health care system? When it comes to why universal health care could be good for the United States, it's encouraged to watch the movie â€Å"Sicko†. It is one of Michael Moore’s documentaries. Whether loved or hated, it can’t be denied what is obviously working for other countries. In the movie he visits countries like, Canada, France, and Norway, and even Cuba. Yes, Cuba has nationalized health care. In the movie he takes a good look into what it might be like to be able to go to the doctor or hospital and not worry about how much debt might follow. Those people don’t have to worry about whether or not their insurance company is going to cover the cost of certain treatments or procedures. They don’t have to worry about being denied needed treatment, because of a pre-existing condition. People in these countries are generally healthier than Americans simply because they partake in more preventative health care. How is it possible that a country led by Fidel Castro has a better health care system than the United States? It’s simple. These countries have decided that everyone deserves to have health care, and everyone pays taxes for everyone to have it. One of the biggest complaints I hear from people who are against nationalized health care is, â€Å"Why should I have to pay for someone else’s health care costs? † The fact is, we are already paying for others health care. Everyone who works pays into Medicare and Medicaid. The way things are looking now, when I am eligible to use that money, there won’t be any for me. The current government health care system is bankrupting fast. Yes, everyone’s taxes will be raised. Paying more taxes seems reasonable to not have the financial burden be dropped on a single individual and their family in the middle of a stressful time of someone being sick. The costs of medical treatment are a leading cause of bankruptcy debt. † Half of all bankruptcy in the United States involve a medical reason or a large medical debt that they can not afford to pay The plan that President Barack Obama is proposing to the American people has a catching and enticing phrase. The bil l proposes that we build on what works in today's health care system, while repairing the aspects that are broken. To be able to provide affordable, quality health care for all Americans and reduce the growth in health care spending. This bill has public and private options for the people, a sliding scale afford ability credits, it will share responsibility among workers, employers and the government so that all Americans can have essential health care coverage and benefits. This bill will make it illegal to not insure people due to pre-existing conditions. It will allow coverage and benefits for mental health and substance disorder abuse. One of the biggest complaints of President Obama's bill is that it is said to include government funded abortions. The truth is, this bill does not clearly state either way whether the government will pay for abortions. It does say that under the public option plan, abortion costs can be covered. Pregnancies due to rape, incest, and when the mothers life is at risk are already covered by the government if the individual receives government benefits. .â€Å"Comprehensive health insurance for all Americans, are long overdue. The best time to fix American health care was [more than] a decade ago. The second best time is now. † (Furnas, Ben. (January 2009). â€Å"American health care since 1994: the unacceptable status quo†. Center for American Progress) American’s need to stand up and demand adequate health care for everyone. American’s have been great at banding together in times of tragedy, as after the 9/11 attacks. People need to look at our health care system and recognize that this is a time of tragedy for the American people. It seems that most people are afraid of change, but sometimes change is needed. Reference Page (Furnas, Ben. (January 2009). â€Å"American health care since 1994: the unacceptable status quo†. Center for American Progress) Oberlander, Jonathan. (2002). â€Å"the U. S. health care system: on the road to nowhere? â€Å". Canadian Medical Association Journal , 67, 163-67. Healthcare Reform Healthcare Reform By Kim LeFave Healthcare is one of the hottest political topics in the news. It affects every man, woman, and child. I’m sure most if not all of you have caught something on this topic. As I researched this topic on the internet I was surprised to learn some of the statistics on healthcare in America. Even though our nation is faced with recession and more than 8% of Americans are unemployed I still assumed the rest of the 92% of working Americans had some kind of healthcare insurance. I was alarmed to learn that 15% of Americans have no coverage. This is roughly 47 million Americans. To me it is obvious that healthcare reform is necessary. We are still one of the richest countries in the world. Why are so many without any healthcare insurance? Those of you who work full-time, how many of you pay a certain amount out of your weekly check for healthcare insurance? It seems to go up higher than the cost of living each year. Do you have adequate coverage? Most Americans are not happy with the out of pocket expenses they have to pay in addition to paying high premiums. Do you have a co-pay every time you see a doctor? Do you have to pay a portion for drug coverage? These costs can add up. When was the last time you saw a doctor? Do you avoid doctors unless you are absolutely sick? The reason I am bombarding you with these questions is to get you to think about what healthcare reform might mean to you. What is it you want out of your healthcare insurance provider? Most of us might say lower out of pocket expenses, like low or no co-payments for doctor’s visits, or low or no co-payments for needed drugs, or even no money taken out of our paychecks to pay for that health insurance. Wouldn’t that be nice? Do you realize that most developed countries have universal healthcare systems, which means whether or not you are employed you are covered for your healthcare needs. After watching a PBS program about universal healthcare in other countries I was very surprised that our country was not trying to do some of the same things that these other countries were doing. Take for instance Japan, under their universal health care system MRI’s are about two hundred and fifty dollars, and in America it is about two thousand dollars. No doctor in Japan is getting rich quick, but people are able to afford healthcare more easily. It is much of the same in other countries that have universal healthcare systems. Okay let’s get back to what is now going on in this country. Basically the Healthcare Reform Bill under President Obama’s administration is a very small step in actual healthcare reform compared to what other countries have done. I’m sure most of you have heard that under the new reform bill insurance companies cannot deny coverage if you have a preexisting condition. Also it limits sky high premiums because of gender and age. It will also prevent insurance companies from dropping coverage when people are sick and need it the most. It will eliminate extra charges for preventative care like mammograms, flu shots, and diabetes tests to improve health and save money. It is supposed to protect medicare for seniors by extending new protections for medicare beneficiaries. It will also eliminate the â€Å"donut-hole† gap in coverage for prescription drugs. If you don’t have insurance this new reform bill will create a new insurance marketplace called the Exchange. This will allow people without insurance and small businesses to compare plans and buy insurance at competitive prices. It will also provide new tax credits to help people to buy insurance. It will give tax credits to small businesses and give affordable options for covering employees. It will offer a public health insurance option to provide the uninsured and those who can’t find affordable coverage with a real choice. It will offer new, low-cost coverage through a national â€Å"high risk† pool to protect people with preexisting conditions from financial ruin until the new Exchange is created. Hopefully this can all be achieved as proposed. It is not supposed to add to the national deficit and is paid upfront from the immediate savings from the initial healthcare reform. If savings are not realized essentially cuts will be required by the President to ensure that the plan does not add to the deficit. In addition these reforms will begin to rein in health care costs and align incentives for hospitals, physicians, and others to improve quality. It will create an independent commission of doctors and medical experts to identify waste, fraud and abuse in the health care system. It will order immediate medical malpractice reform projects that could help doctors focus on putting their patients first, instead of practicing on defensive medicine. To do this the Secretary of Health and Human Services is instructed by the President to award medical malpractice demonstration grants to states funded by the Agency for Healthcare Research and Quality. Also large employers with more than fifty employees who can afford to buy insurance so everyone of their employees share in the responsibility of reform will be required. Their will be a â€Å"hardship exemption† for those who cannot afford the premiums. Okay so there it is the basics of the new Healthcare Reform Bill proposed by President Obama and his administration. To me this is just a minute scratching of the surface for healthcare reform in this country. I suppose you have to start somewhere. Not every American will be happy with the proposed changes. To me it should be done more on a trial basis, but let’s get real try it before you buy it in this country is virtually unheard of especially when it come to healthcare. I’m sure we will learn as we go and that it will be an honest effort to avoid high cost health insurance. What bothers me the most is that many things that make the healthcare too costly are not being addressed. What about the cost of a doctor’s visit, or the cost of a procedure, or the cost of your drugs? Will it go down? This reform bill hardly explains if this will happen. I think because of the newly created Exchange, healthcare insurance may go down a bit, but only time will tell if by the year 2013 when the exchange is fully active if it will affect the cost of the quality of healthcare as a whole. I read a blog online that made me question what is in the future for Americans when it comes to healthcare. How are people who can’t afford healthcare now supposed to afford healthcare when this new reform bill goes through? The blog questioned the validity of our government taking over another area where they have continuously failed in other areas. The point was that the Medicare / Medicaid system is already nearing bankruptcy as well as the U. S. Postal Service. It questioned how all this was going to be paid for by suggesting that the only real way to get the money is more taxes. Does that offer Americans a choice or is this being forced on us? These are very important points and even tougher questions that any American would be concerned about. Another blog for the healthcare reform bill suggests that there are many areas that the government has handled well, for instance; fire departments, police departments, waste water management, military, and coastguard. Although most of us think of some of these on a local level they are all federally funded. The strongest point was that this healthcare reform bill will reduce administrative costs from 20-30% to 2-3%. This would also reduce the profit that big time insurance companies and their biggest investors would make. My sister-in-law had that laser surgery on her eyes. When she researched cost she found that she could go to Canada and pay far less for the same procedure. She paid about three thousand dollars compared to the hefty price tag of seven thousand dollars here in the States. Many people have gone to Canada to receive cheaper procedures and cheaper drug prices. To me this is the real issue in this country. Yes, the insurance is expensive, but if you think about it procedures are even more expensive. If the cost of procedures and drugs go down along with the cost of insurance then this would make more sense to me. I think it will be at least another 5-10 years before we see this happen in this country. I think this bill will force some insurance companies to either go bankrupt or lose a tremendous amount of money. How will they compete with the less expensive insurances? Will it be just what happened to our banks? I see lots of merging insurance companies in our future. I hate to be clique but I think only time will tell how this will work out for all our citizens, our government and our insurance companies.

Arab-Israeli Conflict Free Essay Example, 3750 words

The Arabs, the French, the Zionist made the Balfour declaration, The McMahon and Picot agreement. Cohen asserted that the United Kingdom and France were the ones responsible in the creation and the making of a new order in the Middle East since the United States was so busy with helping with the restoration of Europe around 1919. The issue of independence was one of the main concerns of the people when these two countries decided on which territories must be occupied by the Jews. In 1920, The United Kingdom of Great Britain, through the help of United States of America, acquired Palestine, Transjordan and Iraq and France of the other hand had Syria (Cohen). Different articles of the declaration supported the intervention and partition of Palestine: ART. 25. In the territories lying between the Jordan and the eastern boundary of Palestine as ultimately determined, the Mandatory shall be entitled, with the consent of the Council of the League of Nations, to postpone or withhold applic ation of such provisions of this mandate as he may consider inapplicable to the existing local conditions, and to make such provision for the administration of the territories as he may consider suitable to those conditions, provided that no action shall be taken which is inconsistent with the provisions of Articles 15, 16 and 18.We will write a custom essay sample on Arab-Israeli Conflict or any topic specifically for you Only $17.96 $11.86/page ( The Brookings Report ).The report furthermore argued that: It is very true to create a nation for the Jews in the modern place of the Arabs. But it would be almost impossible to create that kind of nation without first discriminating or making the Arabs look like they are second-class citizens (Feldman).

The Effects Of Social Networking On Academic And Social...

Katherine Suarez Literature Composition II Prof. Oujo December , 11 2015 Research Question: What are the effects of using social networking in academic and social aspects of college students? Over the years, social networks such as Facebook, Twitter, Instagram among others have caused a great impact to the world. The new ways of social relations that causing a transformation in the habits and customs of society. This huge popularity to can be connected and share a lot of information within seconds with the outside world has made a tremendous impact, especially on college students. There are many studies created talking about the effects of social networks, but there are few that speak of academic and social effects that they cause†¦show more content†¦We can see this on how college students use Facebook. This social network is used not only to socialize with people, but also to help to the freshmen students on college overcome their shyness factor. Transfer of high school to college is a big process which you can not afford it by your own. Students need new friends, professors that help them in this process. Some of these students may feel shy when it is related to making new friendships. However, by using Facebook ‘event tool’, students can organize meetings in order to get in touch with each other even more or keep light relationships with their classmates. Otherwise, shows that some of those less extroverted students may feel â€Å"a bit creepy† to show up at one of these meetings. These new students would feel uncomfortable going to a meeting and not knowing anyone. According to researchers have concluded that although Facebook is the most popular social network in United States where we can communicate, many college students prefer to use Twitter because it is more practical and easier to continue a dialogue, as it is just 140 characters per post. Twitter defines itself as a network of real-time information that can connect to issues of concern. Simply, you have to look for interest accounts and follow conversations . This makes students have had extended and richer discussions on Twitter more than in class. I think that

Lifespan Development - 945 Words

* Lifespan development is the field tha examine pattern of growth, change, and stability in behavior. (womb to tomb) * Major topical Areas (Physical Dev., Cognitive Dev., Personality Dev., Social Dev.) * Physical- Body and the brain. * Cognitive- Growth and behavior * Personality- Stability and change * Social- interaction and relationships grow * Cultural factors and developmental diversity * Broad factors * Orientation toward individualism or collectivism * Finer differences * Ethnicity * Race * Socioeconomic Race * Gender * Korosol increase stress * Cohort- group of people born at around the same time in the same place *†¦show more content†¦Nurture: the extent to which dev. Is influence by biological inheritance and/or environmental experiences * Nature proponents argue that an evolutionary and genetic foundation produces commonalities in growth and dev. * Nurture proponents emphasize the importance of both the biological and social environment. * Stability and change: t he degree to which early traits and characteriistics persist through life or change * Stability traits and characteristics are seen as the results of heredity and early life experiences * Change: traits and characteristics can be altered by later experiences * Role of early and later experiences is hotly debated * Continuity and Discontinuity: focuses on whether dev. is either: * A process of gradual, cumulative * Diverse but complementary theories are used for explaining life-span dev.: * Psychoanalytic theories: Oral, Anal, Phallic, Latency, genital * Cognitive: Thinking * Behavioral and social cognitive theories: Reinforcement, Punishment, * Psychoanalytic Theories: describe dev. 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Henry Miller the horizon of ignorance Essay Example For Students

Henry Miller the horizon of ignorance Essay To provide an example that clearly depicts the point above we could question the death of King George VI. If we are to ask ourselves the simple questions, when and how did he die we would be met with the simple answers, He passed away on the 6th of February 1952 in his sleep. This information is complete, there is no ignorance gained from this knowledge. The definitiveness of the question allows for a final answer, which means that there is simply nothing left to know about this question. Furthermore, it suggests that Henry Millers idea that, as we know more we become more ignorant, is not always true. However, yet again, it is imperative to consider the ignorance of the knower. If they are ignorant to the fact they are ignorant, and complacent in accepting the information given to them then there is a contradiction, and Millers quote is valid. To consider an example to help clarify this complex idea, we can consider a historian who has heard that Archduke Franz Ferdinand died peacefully in his sleep. Although this example verifies the first point that, by knowing the answer to the historical question, there is simply nothing left to know about this question, it also contradicts it. In considering this example we relies there is a reiterates of the point prior, the point that suggests, yes, in expanding our knowledge we increase our ignorance. The reason for this being that in order to be certain the knower is not ignorant the knower must be 100% certain their knowledge is correct. The historian who thinks that Archduke Franz Ferdinand has died peacefully in his sleep is wrong, and therefore by knowing the false answer he has still increased his horizon of ignorance. To conclude this argument I feel that the best answer to suggest to a knower is that, yes it is valid, but at the same time, it is not. The knower must think about the context to which they are applying this idea to before they can make a reasonable judgment. By first considering the context, whether it be science or history, or art even, they have progressed further in their ignorance, and if the knower is assured that the knowledge they have gained is 100% accurate they again have come even closer to understanding the extent to which increasing our knowledge increases the horizon of ignorance. It is only after both of these variables have been considered that the knower can truly reach equilibrium of knowledge to ignorance. Bibliography Surely Youre Joking, Mr. Feynman!: Adventures of a Curious Character, Richard Feynman, Ralph Leighton (contributor), Edward Hutchings (editor), 1985, W W Norton, ISBN 0-393-01921-7 http://en.wikipedia.org/wiki/Pseudoscience Date accessed: 01.02.09 http://www.chem1.com/acad/sci/pseudosci.html Date accessed: 01.02.09 Why People Believe Weird Things: Pseudoscience, Superstition, and Other Confusions of Our Time Michael Shermer (contributor) Stephen Jay Gould Published by W.H. Freeman, 1997 ISBN 0716730901, 9780716730903