Wednesday, October 2, 2019

ASP :: Essays Papers

ASP AUDIENCE: Beginning programmers or web developers. TITLE: ASP INTRODUCTION: ASP or Active Server Pages is a powerful server-based technology from Microsoft, designed to create dynamic and interactive HTML pages for World Wide Web sites. ASP is used to create dynamic or active web pages. Dynamic web pages may change depending on who visits the page, when they visit, or how they got there. Whereas a static web page will always be the same no matter what. The following report will explain what ASP is, discuss how ASP works, outline why ASP should be used ASP, and provide a brief overview of ASP syntax. This topic was chosen to educate myself about where ASP came from and why it is used and to pass what I have learned on to any one willing to read this report. DISCUSSION: What is ASP ASP was â€Å"born† in November 1996 when Microsoft announced its design of an Active Platform. It consists of two parts, the Active Desktop and the Active Server. The Active Desktop refers to the client side: where HTML files are displayed on a web browser. The Active Server refers to the server-side component. This consists of pages that can be interpreted by the server, hence the term Active Server Pages. An ASP file contains any combination of text, HTML tags, and script commands. A script command instructs a computer to do something, such as assign a value to a variable. The script commands in an ASP file are compiled on the server then the output is sent to the client computer for display. The actual ASP code or script commands in an ASP file are not sent to the client computer. The code is first executed on the server, creating HTML. This HTML then replaces the ASP code in the ASP file and then sent to the client to be displayed. ASP code can be any programming language that supports the ActiveX interface including JScript, VBScript, and PerlScript. As people know Microsoft has a tendency to make people use their products. But in the case of ASP people don’t have to. ASP has evolved into an â€Å"open technology framework† meaning it is no necessary to use Microsoft’s products to create code in it, although that’s the best way to go. You don’t have to use VBScript, which is from Microsoft, but PerkScript or JScript can be use, which aren’t from Microsoft.

With You Until The End Essay -- Oscar Wilde The Devoted Friend Essays

With You Until The End 1. The story, "The Devoted Friend", is a lesson to be learned. It shows how one can manipulate as well as how one can be manipulated. It also shows just how far some people will go for a friend. In this case, Hans gave up taking care of his garden to help a "true" friend and died doing so. Author Oscar Wilde gives good detail of the characters and sets up conflicts within the plot to emphasize on the theme, a devoted friend is one that is with you, and will do anything for you, until the very end. 2. In the opening scene of the story a few minor characters are introduced, including the narrator, the Green Linnet, a little bird with tiny wings. The narrator tells this story to a water-rat, an old rat with bright, beady eyes and stiff grey whiskers. He felt it pertained to the rat because of how critical the rat was being of the pure white mother duck that had bright red legs. All she was trying to do was teach her children, who looked like little yellow canaries, how to fit into society and the rat was making rude comments. 3. As the Linnet told the story, he told about Hans, a little man with a funny, round, good humored face. Hans had a very kind heart and was an extremely devoted friend. This was proven throughout the story in him neglecting his garden to help his dearest friend, Hugh the Miller. The Miller was a big man who was fairly well off, he had a hundred sacks of flour, six cows, and a flock of sheep. He took great advantage of Hans because Hans believed they were best friends and the Miller often reminded him of that. The Miller used guilt to manipulate Hans into doing whatever he needed done, without ever returning the favor. 4. The tone throughout the story is ... ...t have Hans doing things for him, he was taking from Hans’ garden his most beautiful flowers and best fruits. 10. The second most obvious conflict in the story was Thought versus Action. Hans was always thinking how much attention his garden needed and by helping the Miller he would be neglecting his garden, yet he always did exactly what the Miller asked of him without hesitation. The Miller also knew exactly how to manipulate Hans by using guilt, and he put that into action every time he needed something done for him. 11. "The Devoted Friend" was a perfect example of how much friendship means to some and how little it means to others. It showed how easy it was to manipulate others and be manipulated by others. But, the most important thing it showed was just how far a person would go to help a friend even though it means sacrificing many things.

Tuesday, October 1, 2019

Happiness and Money

Money has become one of the main things In our modern life. Some people live their lives to earn money. They work hard, trying to earn as much money as they can. Some of them become crazy about It and lose their dlgnlty hunting money. They dont appreciate such Important things as family, friendship, love and other feelings. Such people become greedy, they spend their lives in loneliness. I don't deny that money influences our life a lot. As W. S. Maugham said † Money is like the sixth feeling ithout which you cannot make a complete use of the other five. I quite agree. A person can't be happy if he has no money to satisfy his natural needs. But I think that money should have a limit. A person shouldn't have too much money. It begins destroying him and becomes his curse. It is said in the Bible that â€Å"The love of money is the root of all evil. † Yes, big sums of money really bring dfferent problems because people feel very envious and Jealous of other's fortune. The m ajority of all the crimes are made because of money. I'm among the people who consider that money Is not ll-powerful.Humanity, dignity, intelligence, kindness and other good qualltles of a person can't be bought for money. We'll never be able to buy pure love, real friendship and loving and caring family. But life Isnt worth living without these things. It's not worth living if money has become the point of it either. 9HAeKC. AnpeKT Can Money Buy Happiness Can money buy happiness? Various people have various answers. Some people think that money is the source of happiness. With money, one can buy whatever he enjoys. With money, one can do whatever he likes.So, In their minds, money can bring omfort, security, and so on. Money, as they think. Is the source of happiness. But there are still a lot of others who think that money Is the root of all evil. Money drives people to steal, to rob, and to break the law. A lot of people became criminals just because they were in search of money. And in the Western countries, there is nothing that can t be bought by money. Many people lose their own lives when hunting it. I think that money is essential to life and we cannot do without money. But even though money is necessary to life, it can t buy happiness.Happiness s not something that can be measured by money. It is a state of mind. One can have plenty of money, with which he can buy whatever he wants, and at the same time he is not happy because he is never satisfied or he is troubled by various kinds of problems. Therefore, although money is necessary for a happy life, it can t buy happiness. People usually dont think too much about the meaning of money. The only Idea and concern Is to make more than they usually have. Of course having money Is a good thing because they give us the possibility to satisfy our needs and desires.People they don't usually think too much, the waste it buying expensive cars, eating out or buying expensive things Just for being in fashion. Y et, money has a certain feature â€Å"to come† easier to those who treat it well. Money tends to go to those who can use it in the most productive way to produce useful services and valuable goods and who has the ability to invest the in a profitable economical field. At the same time money uses to flow away from those who don't have the habit to use them in a profitable way. I think everyone should learn to save money and to invest it in rder to gain more.If we know the value of money we can easily manage it. It becomes a habit that leads to a successful life and career. The more effective period for learning the value of money is childhood because children usually don't value money because they don't know how much effort their parents put in their work in order to earn a certain some of money. Thus, parents are responsible for showing the real value of money when their kids are still small, than it will be much easier for them to value money without being even told about th is.

Monday, September 30, 2019

Fpi Assignment Essay

Summary The report is regarding to the knowledge of analyzing the accounting data of a listed company, using the various accounting information that provided to identify and examine the competitiveness and efficiency of the listed company. Besides, in order to examine the reliability of the data provided, analysis of the balance sheet and income statement is required. The financial information can be obtained from the annual reports of Harbour-Link Group Berhad. In addition, the report is required to include the top-down approach which consists of Economic analysis, Industry analysis and Fundamental analysis to analyze the listed company in the point of view for investors. Table of Content 1. Introduction 1. Objectives 2. Analysis of the statement of financial position, the statement of financial performance and cash flow statement. 1. Financial Analysis ratio: Asset efficiency ratio Capital Structure ratio Liquidity Ratio Profitability Ratio Share Price 3. Economic Analysis 4. Industry Analysis . Conclusion 6. Findings 7. References Introduction In this report, Harbour-Link Group Berhad is chosen among the listed companies. Harbour-Link Group Berhad is an investment holding company which provides shipping, forwarding and transportation, plant and machinery hiring, and engineering contract services primarily in Malaysia and Singapore. Harbour-Link Group Berhad was founded in the year of 1975 and it is based in Bintulu, Sarawak, Malaysia. It was officially listed on Bursa Malaysia Securities Berhad in the year of 2004. Today, Harbour-Link Group’s success lies in its strong foundation of expertise in the industry and its ability to established the company as a reputable brand-name within the shipping, sea freight forwarding and transportation industries. Objectives 1. To identify the sources of funds, Balance Sheet and profit or loss of the Harbour-Link Group Berhad. 2. To analyze accounting data of Harbour-Link Group Berhad to examine its financial performance using Financial Performance Indicators (ratio analysis) 3. To analyze the economy status, competitors within the same industries and evaluate the operating efficiencies of the listed company. 4. To examine the competitiveness and efficiency of the listed company by using the various accounting information provided. Financial Analysis Financial analysis ratios are used to examine the financial performance of a company in which it will be reflected in the ratios calculated. (Giles et al, 1994, p. 371) Asset efficiency Ratios Asset turnover ratio From the data calculated, the asset turnover ratio for the financial year of 2008, 2009 and 2010 are 109. 9%, 92. 12% and 79. 65%. This indicates that the Harbour-Link Group Berhad is not doing well in the sales of the products or services because the asset turnover ratio is decreasing from year to year. Debtor turnover (in days) Debtor turnover is the debtor collection period of a company. Harbour-Link Group Berhad had a debtor turnover of 73 days in the year of 2008. In the year of 2009, the debtor t urnover is 77 days. However, its debtor turnover is decreased to 71 days. This reflects that the possibility of default risk for the debtors is decreasing. In fact, this is a good thing in a company. Inventory Turnover Inventory turnover measures how many times the company can sell through its inventory for each year. In the year of 2008, Harbour-Link Group has an inventory turnover of 163 times. The turnover increased to 212 times in the financial year of 2009 but the inventory turnover decreased to 127 times in the year of 2010. This reflects that the company can sell better in the year of 2009 but it dropped tremendously in the year of 2010. Capital structure Ratio Debt to equity ratio The debt to equity ratio of Harbour-link Group Berhad is decreasing from the year of 2008 to 2010 by 2%. This is caused by the reducing of total liabilities and the increasing of the total equity. Time interest earned The times-interest-earned ratio allows a lender to evaluate the company’s ability to meet its debt obligation. It is a ratio of the earning before interest and tax over the interest expenses. The time interest earned has a slightly increased from the year of 2008 to year 2009 but it has a greater decrease in ratio amount from the year of 2009 to year 2010. This means that in the year of 2010, Harbour-Link Group Berhad have lesser earnings are available to meet the interest payments and this makes the company to be more vulnerable to the increases in the interest rates. Liquidity Ratios Liquidity ratio is the ratio that is used to examine the liquidity of a company. It includes: Current Ratio Current ratio is the ratio of current assets to current liabilities. Harbour-link Group Berhad has it current ratio decreasing from the year of 2008 to 2010. Its current ratios are 1. 90, 1. 76 and 1. 57 respectively. The ratio is decreased by 14% and 19%. The data is calculated as shown in the findings. Liquid Ratio Liquid ratio is the ratio of (current assets-inventory) to (current liabilities-bank overdraft). Harbour-Link Group Berhad has borrowings so there is bank overdraft existed and that’s why it is classifies as a debt financing organization. The company has a higher liquid ratio of 2. 34 in the year of 2010 compared to the year of 2008 and 2009 which is 1. 88 and 1. 75 respectively. The liquid ratio of the 3 financial years exceeded 1 and this indicates that the current assets are greater than the current liabilities. Higher liquid ratio reflects better performance of the company. Net working Capital Net working capital is the difference between current assets and the current liabilities. In the three financial years, Harbour-Link Group Berhad has the highest net working capital of RM 51. 4 million in the year of 2008. The figure of net working capital for Harbour-link Group Berhad decreased in the year of 2009 and 2010 by 0. 43% and 12. 32% respectively. This shows that there is a drastic drop in the net working capital of year 2010. Profitability Ratios EBIT to total funds ratio EBIT to total funds ratio of Harbour-Link Group Berhad is decreasing in the range of 22% from the financial year of 2008 to 2009 and 21. 4% from the financial year of 2009 to 2010. The total funds consist of shareholders’ funds and borrowings. According to the annual report, Harbour-Link Group Berhad is practicing debt-financing to raise funds because there is borrowing existed. Return on Equity (ROE) Harbour-link Group shows a decrease in net income from year 2008 to 2010. This situation leads to the decrease in the return on equity (ROE) of 5%. In the financial year of 2010, it has the ROE of 0. 08 which indicates that for every RM1 of the capital that the shareholder invested into, they will get 8% of return. Return on Assets The return on assets measures the productivity of assets in terms of the level of profits each dollar of assets generates. (Karen D. H, 2004, p. 131) The return on assets of the Harbour-Link Group Berhad is decreasing from the financial year of 2008 to 2010. It decreased from 8% of year 2008 to 7% in the year of 2009 and then 5% in the year of 2010. This implies that the productivity of the company’s assets is not doing well in terms of profits that the assets generated. Net Profit Margin The net profit margin is the ratio of net profit after tax to the total revenues. In the financial year of 2008 and 2009, Harbour-Link Group Berhad has the net profit margin figure of 8%. It indicates that the company has a net income of RM0. 08 for each RM1 of sales. However, the net profit margin for the year of 2010 decreased by 2% which is only 6% in the financial year. This shows that for every RM1 of sales made by the company in year 2010, the net income is only RM0. 6 which is RM0. 02 lower than the previous year. Share Price Price to Earnings Ratio (P/E) Price to Earning ratio is calculated by using the share price of the year 2010 over the earnings per share. The market price of Harbour-Link Group Berhad was amounted to RM 0. 72 in the year of 2010. From the annual report of the financial year of 2010, the earning per share is R M 0. 11. By using the formulae, the price to earning per share of 2010 is calculated as shown in the table with a figure of RM 6. 825. Current Economic Analysis Roots of Global financial crisis Global financial crisis are usually caused by bad regulation of the banking sectors, failure of fiscal and monetary policy implemented and so forth. In the year of 2008, Financial crisis began with the declared of bankruptcy of Lehman Brothers Holdings Inc. which is the fourth largest investment bank in United States. It was a severe ongoing world financial problem that began in U. S in the year of 2008. This recession has entirely hitting on the fragile global economy with the tremendous devastation in countries all around the world. The U. S government was trying to point the finger of the financial crisis to the rating agencies, who knew about the great risk that was coming but kept giving high reliability ratings to companies that did not deserve them and thus investors invested in the wrong companies. The cause of the bankruptcy of Lehman Brothers Holdings Inc was the accumulation of debt and the increasing of loan defaults. Why it evolved into a world crisis The news on bankruptcy of Lehman Brothers Company led to the drastic fall in the share price all over the world. The company had billions of dollars losses incurred in the mortgage market of United States. (BBC NEWS, 16th Sept 2008) In Lehman Brothers’ case and the other investment banks, the problem was provoked by 2 major factors which are the very high level of leverage ratio and the dependence on short-term debt financing. Commercial banks cannot leverage their equity more than 15 to 1 as they are regulated but for Lehman Brothers Company, it had a leverage ratio of more than 30 to 1. According to the table 1, Lehman Brothers had only $3. 30 of equity for every $100 of loans. With this ratio, it makes the company to be insolvent. Conversely, the instability arose from the leverage problem was aggravated by the strong reliance on the short term debt. Based on table 1(Lehman Brothers Liabilities and shareholder’s equity), at the beginning of the crisis, the company financed greater than 50% of the assets. Reliance on short term debt financing is profitable indeed when it comes to a low interest rate market environment. However, when the company faced rumors of the insolvency problem, the short term lenders will start to have doubt on the company’s performance and therefore, they will start to withdraw their funds from the company for self interest protection. This scenario will lead to a shortage of liquidity for the borrower and thus the company tends to default. After the crisis began, Lehman Brothers did try to decrease its leverage and reduce its dependence on the short term borrowing but it was too late for them to amend the situation and therefore, bankruptcy occurred. The bankruptcy of Lehman’s brother forced the reassessment of risk in the market by looking at the price of the credit default trades. Impact on Malaysia and world economies The crisis started in the year of 2008 had a great hit on Malaysia and world economies. It causes the gas price had a drastic drop, decreasing of the value of real estates, the increasing of unemployment rate, Federal debt crisis and inflation. There is a global explosion in commodities price. The price of crude oil was remaining at high levels for few years till the end of 2008, the crude oil price dropped from the peak in July 2008 of US$145 to US$30. 28 per barrel in December 2008. (Forbes, 2008) According to the findings in table 2, the unemployment rate of Malaysia increased by 3. 13% from the year of 2008 to 2009 and 12. 12% from the year of 2009 to 2010. Malaysian future economic At first, Malaysia was aiming to have 9% of average annual Growth Domestic Product (GDP) until 2020. Suddenly, according to the Economic Planning Unit, the government noted that the number is absurd then they changed and told that Malaysia was capable to achieve 5. 4% of Growth Domestic Product (GDP) annually over the next 10 years to achieve the objective of becoming a high income economy by 2020, which is the vision 2020 (East Asia Forum, 2009). These seem that Malaysia’s economic future is uncertainty. It keeps changing. Besides, Malaysia’s government has a close relationship with its private businesses. Because of the relationship with some business groups have ostensibly led to the emergence of political cronies with unlimited access to public resources. Not only the relationship that mention above but also the experience of neighbouring Indonesia shows that it is a dangerous trend that could negatively affect economic development in the future. In this matter, changes in political leadership led to unstable political environment. Although it does not directly effect on Malaysia, it threatens he influx of refugees caused damage regional stability and social stability. Malaysia’s maritime economy can be defined as the production and manner of use of the range of goods and services that are linked to the maritime sector (Abdul Aziz Abdul Rahman, 1997). It covers the activities that are resource based, including fisheries, oil and gas, marine biotechnology and those that are service base d such as shipping ports, shipbuilding and repair and the myriad range of ancillary maritime services (Maritime Institute of Malaysia,2005). Malaysia’s main concern is the future of marine economy of the future of Malaysian trade, because the country’s foreign and domestic trade, or even almost totally dependent on sea transport facilities. From this we can know that it will have a very bright prospect in maritime economy. If Malaysia is to achieve the goals of industrialization, productivity-driven growth and enhancing competitiveness will depend on how the maritime sector is managed. The maritime sector has a main role to play in enhancing productivity-driven growth. An important element that will affect efforts to sustain international competitiveness is productivity. But, for longer term, Malaysia will need to maintain its international competitiveness, since there is rising competition from other emerging markets for Foreign Direct Investments (FDIs) and for the transfer of modern technologies. Environmental issues are also important for Malaysia in the longer term as deforestation and global climate change may destabilize the country’s agriculture, which still plays an important role in the national economy. What is the most important is the political will effect a change to system-centred thinking in planning the future of the economy. So, a stable political environment is very important to Malaysia. If the political environment of Malaysia is good, it will have a bright future of economy. Solutions to the Global Financial Crisis or crises in general. Banks and financial institutions can cause a downswing of an economy because of their ignorance of the business cycle. Besides, bankers are greedy with the fat bonuses that they will gain if they get the highest market shares results. When the economy is doing well, they expect that there will be no recession problem is going to occur and therefore they will give loans to their customers without considering their customers’ affordability to repay the loans. Once their customers cannot afford to repay the loans, recession will occurs. To overcome these crisis problems, several steps can be used. Government and bankers often intervene to smooth the peaks and valleys of the economic cycle. There are two objectives that the government and bankers can do to prevent serious downswing of an economy. 1) Speedy intervention to prevent a self-perpetuating downward spiral, which means protecting depositors at minimal long term cost to the taxpayer. For example, the Federal reserve may restrict the money supply in good times to slow the expansion phase of the economic cycle, or deficit spend and cut interest rates to ease the recessionary phase of an economic cycle. 2) Ensure so far as possible that future booms are less exaggerated. This has implications for the form of any rescue package, and for the system of financial oversight that is put in place. The growth of consumer credits will increase the consumption of the consumer. The increase in the consumption will increase the aggregate demand of the country whereby AD equals to C + I + G + (X-M). Mc Taggart et al, 2007 p. 766). When the AD is increasing, it means that GDP is also increasing. This shows that the consumer credits provided will also be increased and therefore people will keep on borrowing money from the banks for consumption. This situation actually can amplify the business cycle and extend the upswing of the economy. Industry analysis The domestic and the world economy were in a downturn in the year of 2009. All the industry was affected and they are making an effort to maintain their previous performance and growth momentum. In the year of 2009, Harbour-Link Group Berhad suffered revenue declined by 5. 9% to RM 327. 6 million. The revenue decreased again by 5. 76% to RM 308. 7 million compare to the previous year due to lower selling prices and softer consumer demand. One of the Company competitors, Swee Joo Berhad was also suffered by achieved a turnover of RM 346. 7 million which is 9. 9% lower than the previous financial period. The lower turnover was also impacted by the recovery state for the economy. Swee Joo Berhad has a reduce in current ratio from 0. 648 to 0. 278 which seems to be lower than that of the Harbour-Link Group Berhad and therefore Harbour-link seems to have a better current ratio. Swee Joo Berhad has a negative figure for its Earnings before interest and tax of -11. 32 million and -176. 82 million in the year of 2009 and 2010. This is a huge loss for the company. It shows that Harbour-Link has a better performance than its major competitor, Swee Joo Berhad. Although the economy showed signs of recovery, but most of the economists hold that the sustained global recovery is still vague. This situation greatly influenced the consumers spending behavior. According to the Edge, Harbour-Link Unit obtained the secured contracts of RM75. 2 to supply gantry cranes for the Bintulu Port Sdn Bhd. The contracts were expected to be done in the year of 2012 and it’s also expected to escalate the future revenue and earnings positively for Harbour-Link Group Berhad. (The Edge, 11 April 2011) There are several ways for the companies to perform better during this hard period. However, the suppliers are also important causes which will affect the company performance. Although Harbour-Link Group Berhad suffered lower revenue during the year, however, it obtained quite a number of big projects with a favorable amount of contracts worth which is believed to boost the revenues for the future of the company itself. This scenario will assist Harbour-Link Group Berhad to create a stronger visibility and allow it to be well positioned for the economic recovery. Findings [pic] Table 1 shows Lehman Brothers Liabilities and Shareholders’ Equity Source: Lehman Annual Reports |Year |Unemployment Rate |Percentage Change | |2006 |3. 60 | | |2007 |3. 50 |-2. 78% | |2008 |3. 20 |-8. 7% | |2009 |3. 30 |3. 13% | |2010 |3. 50 |12. 12% | Table 2 shows the unemployment rate in Malaysia Source: CIA World Factbook Conclusion In conclusion, although the Harbour-Link Group Berhad has a downturn in its overall performances in the financial year of 2009 and 2010 as the results shown in the findings, but it has a better performance than its main competitor, Swee Joo Berhad in the shipping industries. The Harbour-Link Group Berhad is overall well organized in its financial statements as shown in the annual reports and it can be categorized as a profitable and successful listed company in Malaysia. On the perspective of investors, Harbour-link is counted as a good investment company and therefore investors are advised to consider Harbour-link Group Berhad as one of their investment company because the company has a good expectation to have a huge increase in its future economic benefits. The future economy of Malaysia is expected to have a good return and therefore this ensure that Harbour-Link Group Berhad is a wise investment for the future benefits. References Abdul Aziz Abdul Rahman, 1997, The Maritime Economy of Malaysia, Pelanduk Publication BBC News, 16 September 2008, http://news. bbc. co. uk/2/hi/business/7615931. stm Bursa Malaysia 2010- Equities, Bursa Malaysia Berhad, viewed on 26 April 2011 http://www. bursamalaysia. com/website/bm/market_information/prices/ East Asia Forum, Malaysia’s Economic Future, view on 1 May 2011, http://www. eastasiaforum. org/2009/11/24/malaysias-economic-future/ Encyclopedia of the Nations, Malaysia- Future Trends, viewed on 2 May 2011, http://www. nationsencyclopedia. com/economies/Asia-and-the-Pacific/Malaysia-FUTURE-TRENDS. html Forbes 2008- Crude Oil Prices 1861 – 2009, Forbes. com 2010, viewed on28 April 2011, http://www. forbes. com/2008/05/13/oil-prices-1861-today-real-vs-nominal_flash2. html Giles, R & Capel, J 1994, Finance and accounting, 3rd Edition, MacMillan, London Harbour-Link Group Berhad 2011, harbour. com. my; Total Logistics &EPCC Provider N. V 2009&2010, Harbour-Link Group Berhad, viewed on 22 April 2011, http://www. harbour. om. my/ Karen D. Halpern, 2004, Understanding Finance: Money, Capital and investments, Pearson, New Jersey. Maritime Institute of Malaysia, Malaysia and Port Competitiveness, 2005 Mc Taggart et al, 2007, Macroeconomics, 5th Edition, Pearson, Australia The Edge Financial Daily, 11 April 2011 viewed on 24 April 2011. http://www. theedgemalaysia. com/ The Star Online 2011- Market watch, Star Publ ications (M) Berhad, viewed on 24 April 2011, http://biz. thestar. com. my/marketwatch/charts/l. asp? code=2062~HARBOUR&p1=0. 99&p2=0. 985&p3=0. 99&p4=0. 985&p5=0. 99&p6=0&p7=0. 00&p8=915&p9=0. 532

Sunday, September 29, 2019

Lincoln and Johnson vs. the Radicals Essay

The Civil War, which lasted up until 1865, was the bloodiest battle that this Nation had ever faced. Making it even sadder was the fact that this Nation was divided, North against South, and brothers were killing brothers, fathers killing sons. It was indeed a tough time for President Lincoln who was sworn into office in 1861. He needed to end the war and figure out a way to bring peace and rebuild the Nation. In order to end the war he devised a plan to free all slaves in the eye’s of the government, and on the first day of the year in 1863 he announced his â€Å"Emancipation Proclamation,† declaring all slaves owned under the Confederacy to be now free men. The Confederacy was beginning to crumble; Southern cities were destroyed and the Southern economy was in ruins. Lincoln now focused his attention on the idea of Reconstruction, and reuniting those Southern States back into the Union. It would not be easy for Lincoln, however, as he faced far different ideas than his, proposed by the Radical Republicans, led by Pennsylvania Representative Thaddeus Stevens and Massachusetts Senator Charles Sumner. Despite being the Republican nomination for President, Lincoln was far more conservative than those Republicans taking the majority of seats in Congress. In December of 1863, before the war had officially come to a close, Lincoln began to devise his Reconstruction plan, which at the time was considered to be very lenient by those of the Union. His plan was very compassionate toward white southerners, except for major leaders of the Confederacy. He needed those Confederate Army generals and high-ranking officers to take an oath of loyalty to the Union, and verbally accept the Nation’s abolition of slavery. Lincoln’s plan was to institute new state governments in the South, under control of those southerners who had not aided to Confederacy. Lincoln also had the idea of granting voting rights to those freed African Americans who were educated, owned land, or had participated in the fighting for the Union. Under Lincoln’s plan, three southern states (Louisiana, Arkansas, and Tennessee) acknowledged the abolition of slavery, formed new Union-loyal governments, and were ready to be readmitted completely into the Union. The Radical Republicans were not pleased to the slightest with Lincoln’s plan. They demanded much harsher penalties for seceding the Union, and they refused to seat the representatives from those three states, reconstructed under Lincoln’s plan. Because they were so displeased with Lincoln’s leniency, they pushed what is known as the Wade-Davis bill through Congress in 1864. This bill instituted a temporary governor, from the North, to each of those 11 Confederate states. When the majority of men residing in those states had pledged their allegiance to the Union, the governor was to hold a â€Å"constitutional convention,† where only men who had never fought against the Union could elect delegates to represent them in Congress. Once this was accomplished, the new state governments had to acknowledge the total abolition of slavery, disenfranchise Confederate leaders, and pay off all of their war debts, mainly owed to England. After all of this, and only after all of this, could those southern states be readmitted into the Union. Dissatisfied with the Radicals bill, Lincoln overrode their authority with a â€Å"pocket veto.† As you would assume, the Radicals were utterly outraged with Lincoln’s actions, and demanded that Lincoln accept some of their ideas proposed by the Wade-Davis Bill. Unfortunately, we will never know how the President would have negotiated terms with those Radical Republicans. On the night of April 14th, 1865, Lincoln was shot from behind while watching a play with his wife, and died early the next morning. Andrew Johnson, Lincoln’s vice President, became the Nations new President shortly after the assassination. Johnson, who was originally a democrat, was now faced with the issue of Reconstruction, and like Lincoln, took a more moderate approach. While Congress was out of session in the summer following his launch into Presidency, Johnson quickly began to â€Å"R estore† (as he like to call it) those southern states back into the Union. His plan was very much like the Wade-Davis Bill in which he instituted a temporary governor to those southern states and had the governor allow qualified voters to elect delegates to represent them in Congress. When Congress came back into session in December, they began almost immediately to refuse seats to those elected delegates. Even though Johnson’s intentions were very similar to their Wade-Davis Bill, those Radicals were angered by the fact that most southerners still wished for slavery even though they took an oath against it. Many Confederate generals being voted in as Representatives in Congress also angered the Radicals. So they shot Johnson’s plan down, plain and simple. The Radicals began to gain more and more power in Congress due to several factors. First, Black Codes began to arise in southern states which authorized sate officials to apprehend unemployed blacks for vagrancy, and hire them out to mostly plantation owners in order to pay off their vagranc y fines. This angered many northerners as is basically violated southern states oaths of African American freedom. This caused Congress to pass the first Civil Rights Act, which gave the federal government the right to intervene in state affairs if blacks were not given appropriate rights. Johnson vetoed this bill but was easily overridden by the all-powerful Radical Congress. Next, Congress devised the 14th Amendment to the Constitution. It stated that all people born or naturalized in United States territory are considered citizens, and penalties would arise for states that denied the right to vote to any male citizens. It also stated that former Confederate officials were prohibited from holding any state or federal position unless they were pardoned for their treasonous Civil War crimes by two-thirds of Congress. Any state that ratified this 14th Amendment would be readmitted into the Union. Tennessee was the only state to ratify and be readmitted right away. Finally, those ten states that were still outstanding from the Union were divided into five different â€Å"military districts.† A military commander was assigned to each district and was responsible for registering citizens to vote (black males, and those whites who had not bore arms against the Union). Voters had to elect government bodies who would write their new state constitution, and have it passed by Congress. And finally, after all that, the state had to ratify the 14th Amendment. All but Virginia, Texas and Mississippi had reunited with the Union by 1868 and finally by 1870 those last 3 states were reunited only after ratifying 15th Amendment in addition to the 14th one. Alas, the Union was rejoined, blacks now had their freedom and right to vote, and peace was beginning to take presence. When we look at the similarities proposed by Lincoln and Johnson, we see that both men were in favor of leniency for those southern states. Lincoln only felt it was necessary for Confederate leaders to take an oath of loyalty as opposed to the Congressional decision that Confederate leaders needed to be pardoned by two-thirds of Congress (Which would likely never happen as Radicals held so much power in Congress) in order to take part in state or federal legislature. It is clear that Johnson also opposed this idea, and leaned toward Lincoln’s plan, in the way he vetoed Congress vigorously. This similarity in ideas between Lincoln and Johnson is also a major difference between the presidents and Congress’s final decision. Unfortunately for Johnson (and Lincoln), and the rest of the moderate northerners, his veto was no match for Congress. A key similarity between the presidents and Congress though, was the issue of African American rights. The final Congressional plan involved a federal Civil Rights Act and two new Constitutional Amendments, in order to protect the rights of African Americans. Lincoln obviously believed in equality when he delivered his Emancipation Proclamation, and stated that educated, land-owning, or allied blacks should be given the right to vote. And based on Congresses final decision, I would say the majority of people from the south who were qualified to vote on the new state governors were probably African Americans. In conclusion, when comparing the presidential Reconstruction plans, with those actually put into play by Congress, the main difference falls within the idea of leniency vs. anger. The presidents wanted the whole ordeal over and the states rejoined, whereas the Radicals wanted revenge on the South for seceding. As to which ideas would have worked better? It is very hard to say. All that can be said is that eventually, the Radicals gained too much power in Congress for the presidents to handle, and ultimately an all-powerful republican Congress overruled their ideas. Bibliography(EZbib.com) Brinkley, Alan. â€Å"Reconstruction and the New South.† The Unfinished Nation. 6th ed. Vol. 2. New York [u.a.: McGraw-Hill, 2000. 369-83. Print. 35b. Radical Reconstruction.† Radical Reconstruction [ushistory.org]. N.p., n.d. Web. 18 Feb. 2013. â€Å"Time Line of The Civil War, 1865.† Time Line of The Civil War. N.p., n.d. Web. 18 Feb. 2013.

Saturday, September 28, 2019

Hamburger Universities Essay

As of today, we have seven Hamburger Universities (HUs) around the world. They are state of the art training centers for restaurant employees and corporate staff. Since its inception, Hamburger University training has emphasized consistent restaurant operations procedures, service, quality and cleanliness. The curriculum is comprehensive, thought-provoking and the perfect foundation for building a successful career. The fact that our Oak Brook Campus Hamburger University is the only restaurant company training academy awarded  college credit recommendations by the American Council on Education (ACE) is indicative of the value Hamburger Universities bring to our system and our employees. ACE recommendations mean that credits earned at Hamburger University can be applied toward a college degree. 100% of the restaurant manager and mid-management curricula are eligible for a total of up to 46 credits – approximately two years of full-time college study. Over the years, McDonald’s Malaysia sent its Restaurant Managers to Hamburger  Universities located in the United States, Australia and Korea. In mid-2006, we officially launched the McDonald’s Leadership Institute, a virtual learning community with guidance and resources to support and develop employee leadership and talent. It gives McDonald’s leaders opportunities to grow and develop through structured learning with other leaders, to participate in challenging development experiences and to access a wide variety of development tools and best practices resources. The Leadership Institute helps them develop critical leadership skills needed to address major short and long-term business challenges that are affecting the corporation. Under the auspices of the Institute, accelerated leadership development programs for high-potential directors and officers are offered annually across all areas of the world. As the end of 2007, 184 employees from 43 countries had participated with more than 40% of those who graduated receiving promotions.

Friday, September 27, 2019

Team work and Conflict resolution; CRITICAL reflection ESSAY Research Paper

Team work and Conflict resolution; CRITICAL reflection ESSAY - Research Paper Example This leads to disagreement among the team players as everyone thinks that his idea is better than the other’s. This disagreement among the people is the essence of conflict at work place (Masters & Albright, 2002). Unfortunately, conflicts at work can lead to lot of problems like under performance, attrition, major strike etc.(Masters & Albright, 2002). Hence, conflict resolution is extremely important for smooth functioning of an organization. However, as conflict affects both the emotional, physiological and the psychological aspects of life, what is more important is to resolve a conflict in such a way that everyone involved should be happy and satisfied with the resolution. I had a chance to learn about conflict resolution during my group work. I found that working in a team is not an easy job. Being a part of team is not only a challenge to your creativity but is also a challenge to your social and emotional skills. Moreover, I realized that what happens in a group work affects your personal life also as you tend to carry home the emotions that you feel during the group work. We were four people in group. During our group work, we experienced conflict in many issues. We experienced conflict right from the beginning of the work as the schedule of the meeting in itself became a matter of conflict. There were only 4 days left for the presentation and we were not able to decide the time of meeting as one of the group member had to leave early. We tried to find a solution which was acceptable by everyone. Hence, we decided to meet at lunch time when every one of us was free. Later on, we had a difference of opinion regarding which videos to choose for the presentation. Two members wanted one video for presentation while I and other member were thinking of other video clip. To resolve the conflict between the choices of the videos, we decided to show only one video which was â€Å"South Park†. I learnt different things