Essay on Identity in Huckleberry Finn -- Adventures Huckleberry Huck F

The Development of Identity in Huckleberry Finn In the novel The Adventures of Huckleberry , by Mark Twain, the main character enters into a transitional period of his life. This character, Huck Finn, faces many situations in which he is forced to deal with decisions that foster with in them the ability to bring about change. Since transition is the process of entering change, Huck is searching for an identity which is truly his own. In determining his self image, Huck deals with conformity and freedom, trying on different identities that do not belong to him, and enveloping and shaping these new found attributes into an identity which best suits his "deformed conscience." The Adventures of Huckleberry Finn begins with Huck under the care of Widow Douglas. Since Huck is so used to being unencumbered, "He sees the widow Douglas' protection solely in terms of confinement"(WHIT 156). This is unacceptable to Huck because he, "loses his freedom amid 'the bars and shackles of civilization"(WHIT 156). According to Susan Harris, "the sensory world exists beyond the narrow conventions of the human community and it is the place for the regeneration of the soul"(78). To put it in simpler terms Huck belongs out under the stars where he will not be bound by the community. The next impedance in which Huck is faced with is the untimely return of his drunkard father. His father was merely stopping through to steal money from his son. So since he did not care for his son much, Pap did not feel the least bit inclined to treat his son with any respect. So Huck once again faces confinement, except this time it is in a log cabin. This time, "the only release is escape, flight and effacement of the identity through which bot... ...s own, and enveloping and forming these new found attributes in to a an identity which best suits his "deformed conscience." III Body Huck versus Conformity-Freedom * 1.Huck's stay with Widow Douglas * 2.The flight from Pap * 3.The Raft Trying on Different Identities * 1.Huck's "Death" * 2.The beginning of Huck's quest for himself * 3.Other examples of characters from the novel Deformed Conscience(Good vs. Bad) * 1.Huck's religion * 2.Huck and Jim * 3.Huck needs a family IV Conclusion Huck encounters various situations in which he learns to adapt and react to each situation in a way he feels suitable. Through these experiences Huck learns and overcomes boundaries. Huck combines his learned knowledge into an identity which suits him and thus creates a conscience with which he is comfortable.

Somparison between watching movies at home or at the cinema Essay

Naturally, humans always like to amuse themselves whenever they get bored, but the way of amusement differ from one time to another. Nowadays movies have become one of the major way of entertainment especially for families and friends. For me movies are bigger than that, in fact they inspire us and can really touch our feelings, also they can redefine our way of thinking. However, when watching a movie at home is it like watching the same movie but in the movie theater. We always seek for the best and now I started to wonder which one is the best when watching a movie, TV which is at home or the nice and big screen in the cinema. Although they bear some superficial similarities, the differences between watching a movie at home and watching a move at the theater are clear. If the best was watching the movie at home, would it be the right choice despite the big screen of the movie theater. Actually watching a movie at home do have many things that cinema do not have. For example, when we watch a movie at home we totally have 100% privacy, so that we can discuss things we like or did not understand while watching the movie, also we can wear any cloths that make us comfortable such as pajamas or frumpy cloths. In addition to that, we are not subject to any rules or guidance that we should obey or follow, basically we have the right to do anything we want such as pause the movie for a while, rewind to play something we liked again or even forward the movie so we can skip any part in the movie we did not like. On the other hand, watching a movie at home could be somehow disturbing, especially from the family members, as a result we cannot enjoy the movie in a nice and quiet atmosphere. Moreover there are always something going on at home, we really cannot expect what will happened during watching a movie so that could destroy our sense of excitement or even ruin the movie. If we choose to watch the movie at the cinema, it is true we will not have the privacy, nevertheless we will feel the hanger to watch the movie while we are surrounded by other people who also came to sheer us that feeling. Cinemas always have higher quality than homes because they have bigger screen and better and suitabl e voice quality for everyone. Also movie theater provide nice and comfortable cheers so we can enjoy watching the movie while we are relaxing in comfortable seats. Furthermore, we will have the quiet and nighty atmosphere and we won’t be worrying about disturbing from others while we are watching. In fact when we grab our family or our  friends to watch a movie at the cinema, this could be a good and memorable experience. However cinemas do have some disadvantages such as going to the cinema could be more expensive than watching the movie at home, we may not like to sit next to stringers and even we maybe have to be aware of them. Also we have to follow the rules, sit appropriately and one of the rules of the cinema is that we are prohibited to scream or loudly laugh so we have to be quiet , all those things could be a little bet annoying. In my opinion, watching a movie is always excitement despite the place we watch the movie in. actually, it is one way for us to know and understand other cultures. But as a matter of fact I would like to experience watching a movie in a cinema while hanging out with my friends. So the real question i s, where do you prefer to watch a movie at home or at the cinema? The decision is to be made by you. For instance when the decision is made just do not hesitate and hope it will be the best choice for you.

Illegal Immigrants and Health Care - 1936 Words

Danson Ndungu Illegal Immigration and Health Care Phil 165 December 7th 2010 Christopher Columbus landed on the shores of America back 500 years ago in the year 1492. Were he and his crew the first illegal immigrants in America? The land was occupied by another group of people that didn’t grant these explorers the right to have whatever they please without acquiring some kind of legal status. The topic of legal status might have been irrelevant back in those days but it surely is an issue that is widely talked about in today’s America. The issue of illegal immigrants has been a hot topic especially when it comes to discussing whether these people should be allowed to have health care provided by a government that doesn’t recognize their†¦show more content†¦For example, provide some sort of shelter and fulfilling their needs. Lastly, with illegal immigrants looking to gain legal status, the crime rate will most likely go down. Since the government will get a chance to screen the people who are applying for legal status, they will have more control of who gets in and who doesn’t. Government will be able to weed out the people who have no better reason to come to America than to set up illegal practices, such as anything drug related. If these kinds of people are kept out of the America, more focus will be placed upon the criminals that are already in the United States. Crime rates will go down at this point and America will be a safer place to live in. If the government choses not get illegal immigrants to apply for legal status, then they would still have to grant illegal immigrants health care for some other reasons. Undocumented workers are hired in various low level jobs throughout the United States. Employers are obligated to provide health insurance for all their employees who are of legal status in America; however, they are not forced to do the same for illegal immigrants. With this in mind, employers can take advantage of this loop hole just so that their companies can save some money. They would rather hire undocumented workers so that they won’t have to cover them in their insurance. The money they save from this action would most likely be put in their greedyShow MoreRelatedHealth Care Services and Illegal Immigrants753 Words   |  3 PagesThis is an example of what illegal immigrants with renal failure endure. On average, patients receiving dialysis are given a life expectancy of three to five years unless an organ transplant is received (**). Providing health care is a public good, a human right to receive care, not just a right to the insured or based ones citizenship status. The ethical dilemma that is presented leads to the following question: Should an immigrant requiring regular dialysis be denied care due to their undocumentedRead MoreIllegal Immigrants And Health Care Access6465 Words   |  26 Pages INTRODUCTION Over the past few years, many issues have surfaced regarding illegal immigrants and health care access. Imagine your heart beating and blood rushing as quickly as possible through your veins. Then, someone knocks at the door, â€Å"rapido, escondete† (quickly hide); the silence takes over the house; the fear of what would happen next is quickly pounding hard through your head. That’s the fear that some people have to live in. It’s the fear of getting deported at any time or getting separatedRead MoreIllegal Immigrants, Health Care, And Social Responsibility1430 Words   |  6 Pages209 Illegal Immigrants, Health Care, and Social Responsibility Immigration has been and is one big problem that is widespread these days. Immigration means to move from one country to another for the purpose of one better life, better job, better health etc. The other problem that comes with immigration is the illegal immigration that in these days is growing up so fast. Illegal immigration is a problem that affects all the developed countries like America. An illegal immigrant is definedRead MoreIllegal Immigrants Should Receive Health Care Essay1313 Words   |  6 Pages  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  America needs comprehensive health care reform, and immigrants should be a part of the movement.  Ã‚  But many American citizens might ask that pertinent question: why should they cover the expense for illegal immigrants to access health care?  Ã‚  The answer is plain and simple: until congress passes immigration laws that work, people are going to migrant here illegally.  Ã‚  And to deny migrants access to affordable health care, Americans are not only denying them their human right, they areRead MoreShould Illegal Immigrants Have Access to Health Care?2988 Words   |  12 PagesEach year millions of illegal and undocumented immigrants enter the United States, most from Latin American countries, such as Mexico. Mexico is the largest single source of undocumented aliens in the U.S. and it is estimated that Mexican nationals may amount to 50% of the United States total. Immigrants flee their countries for a variety of reasons, such as, political repression, economic hardship, war, and poverty. Since there has been a spike in immigration, there have been policies implementedRead MoreEssay on Healthcare: for all or citizens only?1465 Words   |  6 Pagesof losing their life but also in fear of being in debt due to the prices of health care treatment they need. But what if this patient happens to be an illegal immigrant? Should doctors deny him/her because they lack citizenship? Or should illegal immigrants be treated just like any other patients by having a right to health care? Throughout the past decade restrictions on eligibility for taxpayer-subsidized medical care has risen at both the state and national level. Some of these restrictionsRead MoreEssay on Healthcare for Illegal Aliens1680 Words   |  7 Pagesthe prices of health care treatment they need. But what if this patient happens to be an illegal alien? What if the patient has a foreign illness that needs to be cured so it does not spread? Is it morally correct to deny this person treatment because he or she lacks citizenship or a valid visa? Or should illegal aliens be treated just like any other patients by having a right to health care? Throughout the past decade restrictions on eligibility for taxpayer-subsidized medical care has risen atRead MoreThe Economic Impact Of Illegal Immigration902 Words   |  4 PagesThe economic impact of illegal immigrants in Texas has brought concerns for the state s economy. Such as opportunities, health care, and education. Illegal immigrants contribute both positively and negatively to the Texas economy. They contribute positively by paying for taxes such as sales taxes, health taxes and taxes imposed on items. The negative impacts these immigrants have on the Texas economy seems to overweigh these positive impacts. Their presence has made general wages go down for unqualifiedRead MoreThe Problem Of The Undocumented Immigrants1199 Words   |  5 PagesOn February 28th in 2000, Luis Alberto Jimenez an immigrant living in the U.S was coming back home from work when he was involved in an accident in which he was hit by a stolen vehicle near Palm Beaches Gardens in Florida. Jimenez was rushed to Martin Memorial Hospital Center, where he was attended to and stabilized, but this was after he had suffered acute brain damage and other injuries. Jimenez was speechless and immobile according to his cousin, Montejo Gasper, who was also his guardian. ThisRead MoreEssay on Healthcare for Immigrants: A Policy to Benefit Everyone1674 Words   |  7 Pagesthe ceiling be lifted or not, cuts are also being felt on a local level, even in places like education. While not completely responsible for these problems, there are over 12 million illegal immigrants living in the United States. Unfortunately, about 59% of them do not have health insurance. With 25% of legal immigrants uninsured, that creates a large population that cannot seek or receive proper medical treatment (Wolf, 2008). Fixing this problem will likely never turn the economy around, but with

The Novel Roll Of Thunder, Hear My Cry Overall Is The...

Admirable is defined as deserving respect and approval, but how can you decide admirability just from reading a story? Between seventh grade books that show nothing but disrespect, to rotten little girls who pride themselves on being white, the biggest conflict in Roll of Thunder, Hear My Cry overall is racism and segregation. Many problems occurred which tested the mind and character of everyone in the story. Cassie Logan, throughout the book, handled these issues the best out of everyone. Although other characters may have reacted well, Cassie stands out as the most admirable. In the book, she exhibited many traits in her actions that shows she is the most admirable character in the book. Even in the beginning, Cassie stood up for her brother, during which she started to take notice of racism in everyday places and in people she was acquainted with. Books were given to both grades and in the front of each book they all clearly stated â€Å"negro - very poor condition†. Littl e Man, her youngest brother, brought the issue up the their also African American teacher seeing as he knew it was not right. The teacher told the children it was what they deserved and that they should just be thankful for the books. Both Cassie and Little Man were yelled at and beaten just for bringing up that they didn’t think it was right. Cassie backed up her brother and learned from the experience that even blacks at her time took part in the racism without trying, just because they were used toShow MoreRelatedDeveloping Management Skills404131 Words   |  1617 Pagesthe Introduction. Based on the positive feedback we’ve received from teachers and students we can state with confidence that the form of active learning pioneered in this book is a proven pedagogy for management skill mastery. Tips for Getting the Most Out of This Course Whether you are an undergraduate or MBA student, or an experienced manager, based on our years of teaching management skills here are some suggestions for making this course a personally meaningful learning experience. †¢ Read the

Socrates Escape From Prison Analysis - 1037 Words

Socrates has a great internal struggle which he discusses with Crito in the Crito, he has been put in jail because had been found guilty of impiety and corrupting the minds of the citys youth with great thought and the courage to question basic things in life. Crito and Socrates go through many different reasons why it would be justifiable for Socrates to escape from jail, and Socrates explains each one breaking down why it would be unlawful for him to do so, not only in the eyes of the law but also for him personally in his conscience. Socrates believes that if he were to escape from jail, it would deter him from living a moral life, and he would not be living the life that he had taught his students, for he would be going against the†¦show more content†¦Each thing in the city relies on the welling running of each part for if one does not feel safe then cannot complete things fully to the best extent. This harm that could be caused to other people in the city, would also b e causing harm to Socrates own conscience also because harming others is unjust, and causing an injustice causes harm to his soul also. For Socrates it is better to die in harmony than with a tainted soul, he would rather live in peace with all of nature than have a small corruption of his soul and live a full life. He concludes that he will stay in jail to accept the death penalty, rather than escape and live the rest of his life on the run. Lastly Socrates combats the situation of the agreements that he has made with the city of Athens and how breaking them would be unjust. He explains that if he were to escape from jail, he would be breaking and agreement that he has made with the state, this being that he is a law abiding citizen of Athens, and in being a good citizen he has promised to follow all the laws, just or not. Breaking an agreement is wrong, and wrong things are unjust actions and doing unjust actions harm the soul. And once again he comes to the conclusion that it is better to die than live with a tainted soul, and he comes to the conclusion that he will stay in jail and receive the death penalty rather than escape and be on the runShow MoreRelatedThe Argument In The Crito By Socrates762 Words   |  4 PagesThe Crito Analysis In The Crito by Socrates, both Crito and Socrates present arguments, one that Socrates should escape prison, and one that he should not. Crito’s argument contains logic fallacies that undermine his argument and make it weak. Therefore, Socrates argument that he should remain in prison and face his death is valid and strong, and is better than Crito’s. Crito argues that Socrates should escape jail, and relies on the premises that he must consider the opinion of the public andRead MoreThe Presentation of Socrates Arguements in Plato’s Apology and Crito792 Words   |  4 Pagespresents Socrates arguments clearly and precisely. Socrates is wise man with a different perspective on life, which presents us with a mass of contradictions. Socrates is an expressive man, yet he never recorded any works. He is ignorant, but wrongfully convicted who is willing to fight his unjust execution. Behind these dilemmas is an opposition not often explored. Socrates is the most patriotic of philosophers, who is dedicated to his state. Exploring this contradiction between Socrates the loyalRead MoreComparison Between Plato And Plato1101 Words   |  5 Pagesbeginning of philosophy to a more modern perspective. In Crito by Plato, Socrates continues a speech of the Laws of Athens by appealing to a social contract that exists between the Laws and the citizens. By living in Athens, one must abide by the Laws of Athens. Since Socrates is in prison, if he were to try to escape he would be breaking the Law. Socrates lived in Athens following the Athenian Law up to this point. Socrates dismissed the possibility of exile, saying he would rather die than liveRead MoreNiccolo Machiavelli And Plato1693 Words   |  7 PagesNiccolo Machiavelli and Socrates (through Plato) have both given the world plenty of advice when it comes to governing. Both men have contributed to the debate of what a ‘prince’, or ruler, should look like. They lived in different time periods but were both surrounded by political uncertainty and fragmentation, which contributed to their views of government. Their ideals of a prince overlap in ways, but overall there are glaring differences in how they think a Ã¢â‚¬Ë œprince’ should rule. A strong exampleRead MoreThe Reconciliation Of Two Positions1696 Words   |  7 Pagesmost prominent individuals in history, Socrates not only helped to set up the foundations for Western philosophy, but the legacy he left behind is something that is still being discussed today by historians and philosophers alike. Socrates is renowned for standing up for his beliefs even in the midst of death as portrayed in Plato’s account of Socrates’ defense speech, Apology, in which he gave during his 339 B.C. trial. It is in this eminent speech that Socrates is able show the dedication he has forRead MoreThe Apology: The Understanding of the Soul in Life and Death Essay1735 Words   |  7 PagesApology. I will begin with a brief synopsis of each major theme, with an analysis and my opinion following, and ending with the question of Socrates own death. Firstly, Plato introduces the important concept that it is far worse for one to do wrong than to suffer wrongdoing. Socrates, refusing to be harmed by Meletus, believes that â€Å"it is not allowed that a good man be injured by a worse† (pg. 41). Despite Socrates impending death or banishment, he does not think that these are the worstRead MoreSocrates: One of the Most Important Figures in Western Philosophy1252 Words   |  6 Pages Socrates was one of the most influential thinkers in the West, even though he left no writings of himself, it was possible to reconstruct an accurate account of his life from the writings of his Greek students because he always engaged them. He was a man with a very strong conviction because he lived his life for the pursuit of knowledge, true wisdom, God’s will, and piety. Though he never wrote anything, his soul source of knowledge about him came from one of his students, Plato. Socrates wasRead MorePlatos Views on Life after Death1 388 Words   |  6 Pagesliterature readily indicates. However, during all phases of his writing he does demonstrate that there is in fact life after physical death, which is widely attributed to his notion of the soul. Plat always viewed the soul as an entity that was distinct from the physical body. Moreover, while the physical body was destined to die, the soul was enduring, interminable, and destined to go on somewhere in some state of being. In just what sort of way the soul would endure was a matter of question, in whichRead More Socrates Last Error Essay examples3184 Words   |  13 PagesSocrates Last Error In the dialogue, Crito, Socrates justified his decision to accept his death penalty. His decision was praised as principled and just. However, such a view was one of the greatest myths in the history of philosophy. Contrary to the accepted ideas, I wish to show that Socrates’ argument was erroneous, the crucial error being his failure to distinguish between substantial and procedural justice. In fact, the whole of the Crito refers to some deeper problems of the philosophyRead MoreSocrates Summary2196 Words   |  9 PagesAccusations made against Socrates:†¨corrupting of youth, allowing them to question authority not respecting traditional gods introducing new gods He was ugly so people thought he was evil Socrates Life: 469BC- 399BC Born: 469 B.C. Birthplace: Athens, Greece Died: 399 B.C. (execution by poison) Best Known As: The great Greek philosopher who drank hemlock Socrates is the ancient Greek thinker who laid the early foundations for Western philosophical thought. His Socratic Method involved

Swiss National Bank Currency Interventions †MyAssignmenthelp.com

Question: Discuss about the Swiss National Bank Currency Interventions. Answer: Introduction: The central bank plays a pivotal role in the currency exchange rate determination. This may be through direct or indirect intervention. The central bank controls the supply of the domestic currency through printing. Additionally, it may intervene in the currency markets by buying or selling either the domestic currency or the foreign currency in order to ensure that there are no drastic fluctuations in the exchange rate. A stable currency exchange rate is pivotal for functioning of a healthy economy which is particularly true for a country which is significantly dependent on international trade. A case in point is Switzerland which generates about 70% of the GDP through goods and services exports. As a result, the Swiss National Bank SNB) ought to play a critical role in ensuring the stability of the Swiss Franc. This is apparent from the exchange rate peg that the bank introduced in 2011 when the financial markets were in turmoil and there was appreciation of Swiss Franc. As a resul t of this pegged current, the Swiss Franc was maintained at a fixed value of 1.2. Considering the pegging to the Euro along with the fiscal prudence by the Swiss government, the Swiss Franc started to be considered as a safe haven in the aftermath of introduction of pegging (Economist, 2015). As a result of this, there was huge flow of money into Switzerland which increased the demand for Swiss Francs and hence exerted pressure of appreciation on the Swiss Franc. In order to maintain the currency level at the designated peg, new francs were printed by SNB and this money was used to buy euros. The net result was that by 2015, the SNB had amassed foreign currency reserves to the extent of $ 480 billion which was estimated to be about 70% of the GDP. With regards to these huge foreign reserves, there was considerable anger amongst the people which is one of the main reasons for the sudden de-pegging of Swiss Franc. The public anger can be gauged from the fact that some months earlier to de-pegging of the currency, there was a referendum which could have limited the ability of the SNB to increase foreign reserves (Economist, 2015). There was also fear of hyperinflation on account of too much money being printed. Additionally, the SNB decision came at a time when ECB (European Central Bank) was on the verge of introducing quantitative easing to buy debt which would have led to devaluation of euro and hence would have required the SNB to purchase even more francs to maintain the peg (Blackstone, 2015). Considering the unsustainability of the currency peg, the SNB in a swift decision decided to de-peg the currency. This had a tremendous impact on the value of the Swiss Franc which soared from 1.2 euro to about 0.85 euro in a single day. As a result, there was a cut in the economic growth estimate of Switzerland which is expected considering the countrys excessive reliance on exports (Klein, 2017). The exporters were the worst hit due to this decision. However, this decision highlighted the need for hedging in wake of increased currency risk. The hedges deployed by Swiss company can be categorised into two sub-categories namely natural hedge and financial hedge. Considering the strong Franc, it is always advantageous for the exporting firms to source various raw materials from outside Switzerland and pay the suppliers in USD since America is one of the main export destinations of exporters in Switzerland. This not only lowers the overall cost but also works as a natural hedge. Beside s, financial hedges include foreign currency swaps, derivatives along with forward agreements. These have been quite effective as various research studies have indicated that future contracts based in Swiss Francs are highly effective to ward off the underlying currency risk (Choi, 2009). This is not surprising considering the heavy reliance on exports in the Swiss economy coupled with the strong inflows in the country which is always putting an appreciative pressure on the currency. In such an environment, the exporters need to take various measures to hedge their exports in order to maintain their underlying competitiveness in the market place (Klein, 2017). From the above discussion, it is apparent that the main reason behind the de-pegging of Swiss Franc by the SNB was the unsustainable pumping in of Francs in order to support a weak euro which led to excessive printing of Swiss Francs coupled with high euro based foreign currency reserve. The de-pegging of currency proved disastrous for the exporters since the Swiss Franc appreciated significantly. As a result, various hedging strategies have been successfully put in place by the exporters and importers in order to minimise the currency risk through the use of natural and financial hedges. The hedging strategy used has been quite effective as highlighted in the various research studies. In an unhedged strategy, the exporter would bear all the exchange rate risk owing to the current fluctuation. If there is appreciation in the USD with regards to Euro, then the net cash inflow for the exporter would reduce which would adversely impact the profit. Based on the available data, there is a high probability of appreciation in USD. This is apparent from the higher interest rate in USA as compared to Europe owing to which there would be higher foreign money inflow into US leading to increased demand for USD potentially causing an appreciation of USD against Euro. This scenario is also reflected in the forward exchange rate. Therefore un-hedged strategy would result in 100% exposure to exchange rate risk with the exporter (Northington, 2011). In this strategy, hedging is achieved through buying or selling of forward contracts. Since the exporter would receive Euro, hence it would be advisable that a 1 year forward contract is sold to a bank. This implies that 1 year from now, the bank would provide an agreed amount of euros based on the forward exchange rate (Petty et. al., 2015). For instance, the 1 year forward contract rate is $1.13 per Euro, hence irrespective of the exchange rate prevalent at the time of settlement, euro would be converted into USD at the above rate. Hence, for 50 million euros, the amount received would be 50000000/1.13 = USD 44,247,788. IF the exchange rate is above $ 1.13 per Euro (like $ 1.14), then the exporter would benefit from the hedge while if the exchange rate is lower than $ 1.13 per Euro, then the exporter would lose. A key risk of this strategy is that the hedge cannot be bought over the whole amount considering that the amount of Euros to be received by vary by 10 million. However, by covering 40 million, a significant portion of the exchange rate can be hedged. Also, another risk relates to counterparty risk which happens when the other party does not uphold the promise (Brealey, Myers and Allen, 2012). In this hedging strategy, money to the extent of expected receivables would be borrowed in Euro by the US based exported and converted into USD at the spot rate and invested in US. Assume expected cashflows after one year be 50 million Also, annual interest rate in euro zone = 2 % pa Hence, required borrowing = 50000000/1.02 = 49,019,608 After one year, the above borrowing would amount to 50 million euros and hence the received payment from the importer would be deviated to settle this debt. The borrowed amount in euros would be converted to USD based on the current spot rate of $ 1.10 per euro. Hence, amount in USD = 49,019,608/1.1 = $44,563,280 The above money would be invested in US at 5.5% p.a. Thus, after one year the exported would receive = 44,563,280*1.055 = USD 47,014,260 A problem area with this strategy is the uncertainty with the amount received after one year and hence only partial hedging can be performed and thereby some exposure to current risk would still remain. A key risk is that the interest rate may change and hence the amount in USD may fluctuate (Parrino and Kidwell, 2011). Since US exporter would receive money, hence for hedging currency risk, the put option needs to be bought. In the given case, the exercise price is $ 1.11 with a premium of $ 0.06 per unit. In the option hedging strategy a large amount of flexibility is available at the cost of a small premium. The payoff of this strategy on a per unit basis can be explored as follows. It is apparent that the worst case exchange rate is capped at $1.17 per euro but there is a potential upside on the future especially if there is significant depreciation of the USD against the Euro. A key risk of the strategy relates to the number of contracts that need to be bought considering that the final amount cannot be determined as of now and hence complete hedging becomes difficult (Petty et. al., 2015). The best option would be money market hedge as has been demonstrated with 50 million euros example where the final amount to the exporter in USD is more as compared to a forward contract hedge. Also, option hedge would be useful only when there is significant depreciation of USD against the Euro which may or may not happen. Thus, the risks are minimised for the exporter using a money market hedge assuming an expected receivable of 50 million after a year (Northington, 2011). References Blackstone, B. (2015) What Happened with the Swiss Franc, [online] Available at https://blogs.wsj.com/briefly/2015/01/15/what-happened-with-the-swiss-franc-the-short-answer/ [Assessed March 22, 2018] Brealey, R.A., Myers, S.C. and Allen, F. (2012)Principles of corporate finance. 2nd ed. New York: McGraw-Hill Inc Choi, M. S. (2009). Currency risks hedging for major and minor currencies: constant hedging versus speculative hedging. Applied Economics Letters, 17(3), 305-311. Economist (2015) Why the Swiss unpegged the franc, [online] Available at https://www.economist.com/blogs/economist-explains/2015/01/economist-explains-13 [Assessed March 22, 2018] Klein, M. (2017) Have the Swiss National Banks currency interventions actually been good for Switzerland?, [online] Available at https://ftalphaville.ft.com/2017/06/02/2189554/have-the-swiss-national-banks-currency-interventions-actually-been-good-for-switzerland/ [Assessed March 22, 2018] Northington, S. (2011) Finance, 4th ed. New York: Ferguson Parrino, R. and Kidwell, D. (2011) Fundamentals of Corporate Finance, 3rd ed. London: Wiley Publications Petty, JW, Titman, S, Keown, AJ, Martin, P, Martin JD and Burrow, M. (2015), Financial Management: Principles and Applications, 6th ed. Sydney: Pearson Australia,

Nuclear Weapons Persuasive Essay free essay sample

Should every country have the right to possess nuclear weapons? On the 6th November 1945, a United States bomber flew towards the Japanese city of Hiroshima. The only cargo aboard that B-29 bomber was an atomic bomb – ironically nicknamed â€Å"Little Boy† that was to be dropped on its target. At 8. 15am and at a height of around 2,000ft the bomb exploded above Hiroshima, taking 140,000 lives with it. Most of the 140,000 died instantly, horrifyingly the rest of the innocent civilians that were not in direct contact with the bomb died painful deaths in the four months following. They died from radiation sickness and different types of cancers. Whilst the atomic bomb is considered as one of the greatest inventions of all time, in terms of how it could protect a nation, is it really worth having numerous amounts of governments on edge at the thought of a weapon so powerful? Ronald Reagan described nuclear weapons as: â€Å"Totally irrational, totally inhumane, good for nothing but killing, possibly leading to the destruction of life on Earth and civilisation. We will write a custom essay sample on Nuclear Weapons Persuasive Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page † He spoke nothing but the truth. US President Reagan was a nuclear abolitionist. He believed that the only reason to have nuclear weaponry was to prevent the Soviet Union from using theirs. Between them alone the United States and Russia have more than 90% of the world’s nuclear weapons. Why do these countries feel the need to posses so many nuclear warheads? Dominance, power and paranoia. Although some of their weapons may simply just be left over from the Cold War, this is not an excuse. They could have easily been destroyed by now. Countries like Russia and the United States crave power. In modern times the most important substance to guarantee power is weapons. Countries in possession of nuclear weapons use them to scare and intimidate other nations. One day this could backfire and the consequences would be deadly. Take North Korea and America. When Kim-Jong Un tried to invade South Korea, Barack Obama threatened them with an atomic bomb. As soon as that was done North Korea knew they had a major diplomatic issue and rescinded their threat. A major threat to world peace is the potential issue that certain smaller countries are likely to rebel against being manipulated and not having the ability to retaliate. To ensure that they avoid being bullied by bigger powers they may start to produce their own nuclear warheads. As previously stated, the reason two superpowers like Russia and the United States maintain a significant arsenal of nuclear weaponry is down to the fact that frankly, they are paranoid. If you can stockpile most of the nuclear warheads in the world then surely nobody could ever harm your country. This is certainly not the case. By having so many dangerous weapons you are not only a bigger threat to potential enemies but practically there is the additional threat that Terrorists could pose if they ever managed to secure or steal some of these weapons. Morally we should also be questioning the validity of nuclear weapons, if the leaders of a country say that it is ok to use an extreme sanction like nuclear weapons to threaten enemies then what’s to say that civilians do not do the same thing on a smaller scale? In the beginning of the atomic age atom bombs were created to end the war and to save numerous lives. By this I mean that arguably, multitudinous lives were saved due to the fact that when the bomb was dropped on Hiroshima the Japanese virtually surrendered straight away. If they hadn’t surrendered the war possibly would have gone on for a lot longer. In contrast to this, look at what has become of nuclear weapons now. Instead of saving lives, atomic bombs are now kept with the intention of unnecessary mass murder. What makes the monsters that enforce the use of nuclear weaponry any different from Adolf Hitler, Pol Pot or Joseph Stalin? Even though the atomic bombs are not in use at this moment, anyone or any government in possession of these weapons have the intention to inflict large amounts of pain on vast number of people. Rajiv Gandhi said that the â€Å"nuclear war will not mean the death of one hundred million people. Or even a thousand million. It will mean the extinction of four thousand million: the end of life as we know it on planet earth. † The prospect of a nuclear war is just a horrendous thought, a thought that should never cross our minds. Recently, President Barack Obama and Prime Minister Dmitry Medvedev signed a treaty saying that both countries are willing to reduce their amount of nuclear weapons by one third. It is comforting to see that the US and Russia are starting to destroy their atomic bombs but it is not good enough. They need to stop reducing their arsenal of weapons and eliminate them completely. Opponents of this idea claim that owning arnaments like atomic bombs mutually assures governments that they both have the potential for ultimate destruction. But is that really a good or virtuous thing? People who appear to be psychopaths run a number of countries. For instance take the ruler of Zimbabwe: Robert Mugabe. He is at the potentially senile age of 89. His mind is failing. Can you begin to comprehend what would happen if he got his hands on an atomic bomb? The result would be anarchy. Or take the ruler of Syria, President Assad. He has already murdered masses of people by chemical gas attack and has publicly stated that he would destroy the state of Israel. For rulers like these men to possess weapons with such a huge destructive potential is a simply ludicrous thought. If some unhinged individual were to drop an atomic bomb now it would result in retaliation and possibly the biggest global catastrophe this planet has ever seen. We need to think about the consequences. It is a statement of fact that the more of something being produced the easier it is to acquire. Yes, this can concern nuclear weapons also. When more nuclear warheads are being manufactured there is a bigger chance of them being stolen or worse being detonated. Therefore, there is a much larger risk of them falling into the wrong hands. According to the International Atomic Energy Agency, there have been 18 cases of loss but most likely theft of uranium and plutonium. These elements are key when constructing a bomb. To make matters worse, there have been 11 whole nuclear bombs lost in the United States. They have never been recovered. If agencies and governments are finding it hard to keep track of their materials now, think of how impossible it would be if every country had their own arsenal of nuclear weapons? If these lost bombs are in the hands of terrorists at present I can guarantee that they will currently be considering how best to use them to maximise their effect. To conclude, the fact is that if every country were to have the right to possess nuclear weapons we would all be living in constant fear of attack. Our lives would be very different; we would be insecure with regards to our safety and this would impact greatly on how we lived our lives – we would need to be significantly more vigilant. A small example of this is the potential effect that liquid explosives has on air travel where we can’t take any fluids that are more than 100ml into an airport. That is just for liquid explosives, what limits would be required to ensure nuclear components weren’t being smuggled? If one country were to drop a bomb it would set off a chain reaction, all it would take is for one rogue state or organisation to detonate a bomb and the world would effectively end through nuclear Armageddon.