Saturday, October 12, 2019
Childrens Literature and the Holocaust Essay -- essays research papers
Childrenââ¬â¢s Literature and the Holocaust During the 1940ââ¬â¢s Jewish Europeans experienced an unthinkable and atrocious collective trauma. In her work ââ¬Å"Survivor-Parents and Their Childrenâ⬠taken from the anthology Generations of the Holocaust, Judith S. Kestenberg has argued that regardless of location, the effects of the Holocaust are felt on survivors parenting. The children of survivors receive a secondary traumatic impact by being forced to deal with the impact the Holocaust had directly on their parents. The novel Briar Rose by Jane Yolen is an example of a Holocaust survivor sharing her experiences through a fictionalized tale made for young adults. Some may believe that a traditional, educationally focused history source or a first hand account from a survivor is the best way to inform children about the Holocaust. It has been discovered through research of survivors and their families that first hand accounts passed down from parent to child are traumatizing. However, history books are ineffecti ve because people are turned into statistics, thereby trivializing the terror of the Holocaust. This essay argues that a fictional style of storytelling or literature is the best way to inform children and adolescents about the Holocaust. Witnessing is important, however, there is no educational value in traumatizing children; it is better to use literature that explains the Holocaust at a level children and young adults can handle. Milton Meltzer, author of Never forget: The Jews of the Holocaust discusses the importance of witnessing: ââ¬Å"To forget what we know would not be human. To remember (it) is to think of what being human means. . . Indifference is the greatest sin. . . . It can be as powerful as an action. Not to do something against evil is to participate in the evilâ⬠(Sherman 173). Meltzer gives the straightforward conclusion that people must be educated about the Holocaust because to remain silent about it is just as bad as playing a role in persecuting Jews. This conclusion also gives the rationale for teaching children about the Holocaust. But more specifically, why else may witnessing be important and what are the drawbacks of witnessing? Despite the logic and seemingly usefulness of witnessing, it can be a traumatic experience fo... ...sues at a level young adults can relate to, the characters, although emotionally provoking, are distanced enough that the young readers are not traumatized. Works Cited Eskenazi, Joe. ââ¬Å"Historianââ¬â¢s WWII Book Sanitizes History for Youth.â⬠Jewish Bulletin. 105.50 (2001). Hirsch, Marianne. "Projected Memory: Holocaust photographs in Personal and Public Fantasy" Machet, M.P. ââ¬Å"Authenticity in Holocaust Literature For Children.â⬠South African Journal of Library & Information Science. 66.3 (1998): 114-22. Sherman, Ursula F. ââ¬Å"Why Would A Child Want To Read About That? The Holocaust Period in Childrenââ¬â¢s Literature.â⬠How Much Truth Do We Tell the Children?. Ed. Betty Bacon. Minneapolis: MEP Publications, 1988. 173-184. Walter, Virginia A., and Susan F. March. ââ¬Å"Juvenile Picture Books About the Holocaust: Extending the Definitions of Childrenââ¬â¢s Literature.â⬠Publishing Research Quarterly. 9.3 (1993): 36-52. Generations of the Holocaust. Ed. Martin S. Bergmann and Milton E. Jucovy. New York: Basic Books, Inc., Publishers, 1982. ââ¬Å"The Holocaust In Fiction; Naming The Unnamable; Morality In Literature.â⬠Chronicle of Higher Education. 48.19 (2002)
Friday, October 11, 2019
Role of Advertising in Newspapers
The Role of Advertising in Newspapers Revenues from sales of advertising pay for the bulk of the costs of newspaper production. Thatââ¬â¢s why the reading public pays so little for its newspaper. What is advertising? An advertisement is a message designed to sell the advertiserââ¬â¢s goods or services to prospective buyers. Types of newspaper advertising There are two types of newspaper advertising ââ¬â display and classified. A display advertisement is a written message, often accompanied by an illustration or photograph, which can be placed in any section of the newspaper.A classified ad refers to those advertisements that are separated into specific classifications and located in one or more sections of the newspaper. Display advertisements There are two types of display ads found in the newspaper ââ¬â national and local. National advertising usually refers to products that are promoted on a nation-wide basis, such as automobiles and brand-name products or retail cha ins. Local advertising is used to promote local, regional or national products. The ad is written, however, to appear in the local market.When placing a display ad, the advertiser is charged by the amount of space the ad occupies in the newspaper. The price of the space varies with certain factors: â⬠¢Newspaper circulation (the larger the circulation the higher the price charged) â⬠¢Size of ad â⬠¢Use of colour â⬠¢Guaranteed position in newspaper â⬠¢Day the advertisement runs â⬠¢Advertising frequency To attract a readerââ¬â¢s attention and to sell a product, many techniques are used in the creation of a display ad. As a result, these ads are usually professionally prepared in creative services departments of the newspaper, the advertiser or a contracted advertising agency.The physical appearance of an advertisement often determines its attractiveness to the reader. Some aspects considered in ad preparation are: â⬠¢Size of the ad â⬠¢Use of colour â⠬ ¢Amount of white space, i. e. , not too crowded â⬠¢Graphics chosen â⬠¢Type style and size of text The information included in an ad can definitely influence its effectiveness in selling a product. Some display ads are purely factual and appeal to reason. Information in these ads usually relates to: â⬠¢Quality of the product â⬠¢Price or value of the product â⬠¢General description of the product Guarantee of the product Other display ads appeal to the emotions of the consumer and may emphasise: â⬠¢Brand loyalty ââ¬â the advertiser wants you to identify with and continue buying established brands. â⬠¢Conformity ââ¬â the ââ¬Å"everybody is buying this particular brand or itemâ⬠approach. â⬠¢Hero worship ââ¬â endorsement of a product by a personality in entertainment or sports. â⬠¢Status ââ¬â an appeal to the buyerââ¬â¢s ego. â⬠¢Humour ââ¬â entertaining, but deceptive; says little about the product. â⬠¢Personal a ttractiveness ââ¬â a wishful-thinking ad appealing to a particular feminine/masculine image. Style changes ââ¬â the buyer is asked to keep up with the times. â⬠¢Vanity ââ¬â this kind of ad appeals to the buyerââ¬â¢s self image or ego-gratification where the buyerââ¬â¢s happiness comes first. â⬠¢Economy ââ¬â everyone likes to think he or she can economise while spending. â⬠¢Luxury ââ¬â symbols of wealth and excess. â⬠¢Convenience ââ¬â work and time-saving devices. â⬠¢Lifestyle ââ¬â the advertisement associates a certain lifestyle with a product. â⬠¢Security ââ¬â this covers many kinds of security: emotional, personal, financial, etc. â⬠¢Sex ââ¬â the ad uses the lure of sex appeal.It is similar to the appeals of feminine and masculine attractiveness. Keep in mind that more than one appeal may be found in the same ad. Classified ads Classified ads are not written by creative service departments, but by individuals wi shing to advertise goods and services available or needed. When placing a classified ad, advertisers are usually charged by the line. As a result, classified ads are brief. The price varies with the number of insertions desired and the particular days chosen. For example, the unit cost of an ad may decrease if it is run all week.On the other hand, a premium could be added to the cost if a high circulation day is chosen, such as Saturday. In some cities and towns different days are popular for certain types of ads. In your area, for example, Saturday may be a heavy real estate day, while Monday may be popular for car and truck ads. Placing a classified ad is very simple. One dials the classified advertising department of the newspaper and a trained operator assists in the placing of the ad. The operator will also help in the writing of the ad and in the selection of insertion dates.The process can also be done on-line. The classified ad section is organised to assist readers in locat ing relevant information. Many classified ad readers have specific goals in mind, rather than casual browsing. The classified ads ââ¬â as their name implies ââ¬â are grouped together according to product or service type. An overall index conveniently directs readers to each specific category, within which listings are arranged alphabetically. A newspaper is any printed periodical or work containing public news or comments on public news.Each newspaper tries to win the heart and loyalty of its readers through news and views, articles, pictures, poems, cartoons, editorials, presentation techniques and exclusive stories and news items. It censures the corrupt and the erring. It airs public grievances sad reflects public opinion through letters to the press. Napoleon feared four hostile newspapers more than a thousand bayonets. According to him ââ¬Å"a newspaper is a grumbler, & censurer, a giver of advice, a regent of sovereigns, a tutor of nations. ââ¬Ë Gopal Krishna Gokha le considered the newspapers to be the rousers and the sentinels of the voice of people. In India newspapers have a vital role to play and an important duty to perform, both as ââ¬Ëvox populi' (voice of the people) and as builder of public opinion. In this sense, it is the ââ¬Ëpeople's university'ââ¬âbook, pulpit, platform, forum, theatre and counselor, all in one. There is no interestââ¬âliterary, social, political, religious, commercial, economic, scientific, technological, agricultural, mechanical, cultural, histrionic and so on and so forthââ¬âwhich is not covered ââ¬Å"by the news-paper.There, a vast majority of the people in this country are still illiterate or at least unenlightened, even among the literate persons, about two-thirds do not read newspaper regularly. The Indian masses lack intellectual capacity and comprehension required in reading a newspaper. Approximately 17 percent of people read newspapers and out these dot even half of the people read e ditorials, comments or serious initial articles. The rest content themselves by reading the headlines or the topical news.Young men read sports news and film reviews, the businessmen confine themselves to market reports about shares, stocks and the prices of gold, silver and essential commodià ¬ties. Only old, retired people pour over the newspaper from end to end, and that too because they have no other pastime to pass time. This shows that the number of those who have genuine interest in newspapers is very low. But it is these peopleââ¬ânational and state leaders, teachers, lawyers, philosophers, academicians, technocrats and bureaucratsââ¬âwho form the intellectual and intelligent section of the Indian society.They speak for the common people and voice their grievances against mismanagement of public affairs. They serve as a link between the rulers and the rated, the government and the people and complete the chain of action and reaction. The newspapers in India perform their pole as guardians of the public interest, watch-dogs and a source of all kinds of informaà ¬tion. They are not State-controlled, as in U. S. S. R. and Pakistan, they enjoy freedom of expression. Of course, they must function within the bounds of law. They must not infringe the law regarding libel and deformation, otherwise they would be liable to penal action.Even the restricted freedom of the Indian newspapers it the envy of the journalists in other countries of Asia where there has been a prolonged spell of military dictatorship, autocratic rule or emergency. In India, the newspapers keep a powerful check on the misà ¬deeds, the tyranny and this, corrupt practices of the government. Thomas Jefferson paid rich tributes to this function of the newspaper when he said, ââ¬Å"Were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. However, all newspapers do not play a positive end construcà ¬tive role expected of them. There is a section of newspapers in India, which indulges in blackmail, extortion of money and distorà ¬tion of facts and news. This yellow journalism is despicable. Such newspapers violate all ethical standards and adopt a purely merceà ¬nary and anti-national attitude. This is sub-standard and base Journalism. They should be treated like smugglers, black-marketers and drug-pedlars and antisocial elements and should be dealt with an iron-hand. What Jefferson said about newspapers in America applies to newspapers in India also. ââ¬ËI Chapter, truth; II Chapter, probabilities; third, possibilities; fourth, lies; fifth, blatant lies; and the first chapter is the shortest,â⬠Most of the country's leading newspapers are owned or domià ¬nated by big industrial houses and capitalistsââ¬âBirja, Dalmia, Express group, As a result, the interests of the general public are often sacrià ¬ficed at the altar of capitalis m and business interests. Moreover, the lion's share of the total circulation of newspapers, a little above 5crore, belongs to the bigger dailies published from Delhi, Bombay, Calcutta and Madras, the metropolitan towns.The national dailies enjoy a great deal of influence and command huge resources. But the smaller newspapers, that are published in the regional languages and that have a smaller circulation, have to face perpetual financial crisis and are often forced to close down. This belies the Governà ¬ment policy of patronizing smaller newspapers and imposing restà ¬raints in bigger newspapers. In several countries abroad, especially in the West, newspapers have power to make and break governments; but in India newsà ¬papers do not carry much weight and do not cut much ice.The Government does not pay much heed to their views and does not respond to their criticism for the simple reason that it commands a colossal majority in the Parliament. Gloating over absolute majority, t he Government even tries to shifle free press (as has several times been done in the case of the Indian Express group of papers). One common method of pressurising newspapers that the Central or State Governments in India adopt is to stop giving adverà ¬tisements and notifications released by the Directorate of Advertising and Visual Publicity (D. A. V. P. , Government departments and public sector enterprises; to such newspapers as do not cringe and adopt a fawning attitude and thus made them suffer financially. Advertisements are sometimes used as a weapon to corapell compliaà ¬nce, for it would be impossible for a newspaper to survive without advertisements, the prop and the life-blood of all journalism. A numà ¬ber of such cases have been taken up in the Press Council of India and have been commented upon. Another method is that of stoppà ¬ing or substantially cutting down the supply of newsprint paper quota to such ââ¬Ëdare-devil' newspapers.Newspapers in this renaissanc e country should regard their proà ¬fession as a noble mission of educating and enlightening people. They should impose certain moral and national restraints and discipline upon themselves. They should refrain from indulging Its rumors and turning out biased information and distorted truths from ulteà ¬rior motives. As purveyors of news and views, they should play the rote of ââ¬Ëpeople's university' and serve the motherland as guardians and custodians of people's liberty.
Thursday, October 10, 2019
Arts and the Creative Process
The main forms of expression in the arts are painting, music, theater and dance. Art disciplines have been in existence from the beginning of time. Man has an instinctive need to express himself.Thus, this was manifested in wall paintings in Egypt, silk paintings in the Asian communities, Greek sculptures in European cities among other artifacts.DanceThe first dance is salsa. The primary element in this dance is weight change. The dancer shifts his or her weight without affecting the upper body. Only the lower body moves to the music. This is normally a partner dance. It is often performed by a man and a woman.The pace of the dance varies with the drummerââ¬â¢s beats. It can be very fast or moderately slow. The movements in this style are fluid since it was originally borrowed from several other influences (Cooper, 2001).The second is the Waltz. This dance was conceptualized in the 18th century in Eastern Europe. It is a ballroom dance, where the dancer glides gracefully across th e room with a partner. The basic steps are relatively easy to learn. The partners hold each other close while dancing. There is a leader, the man, who shows the follower, the woman, the next step. The third is tap dance.Here, the performer wears specially made shoes that produce a clear tapping sound when they hit the floor. The tap sounds must vary to create a different resonance with each step (Dolfsma, 2004). The performer must balance his or her weight on the balls of their feet. The feet are used to produce rhythmic sounds.The final dance is the break dance. This was primarily a street dance. The style integrates suppleness and style. The breakerââ¬â¢s upper body must be very sturdy. The head and hands are most utilized in this dance.MusicThe first genre of music is pop. This is the popular music at any one time. The performers can vary in number. The songs have a melodic chorus that is easy to remember.à However, the songs are arranged in the traditional structure. The s econd is Rock and Roll. Guitars are the main instruments played here. The music has gained massive popular appeal over the years (Dolfsma, 2004). It is truly motivated by Blues music. There are two types, soft and hard rock.The third type is Gospel music. It is sung to express faith in Christianity. It is a substitute to conventional music in the secular realm. It is expressed in all other genres. The main theme is giving praise to God. The final genre is neo-soul. It is a fairly recent form of harmony. This music is very poetic. The themes of the songs are usually socially conscious. This music is a combination of jazz and hip-hop.
Wednesday, October 9, 2019
SPSS analysis on modern portfolio theory-optimal portfolio strategies in todayââ¬â¢s capital market
Abstract This paper provides information on specific ideas embedded in single index model/construction of optimal portfolios compared to the classic Markowitz model. Important arguments are presented regarding the validity of these two models. The researcher utilises SPSS analysis to demonstrate important research findings. This type of analysis is conducted to explore the presence of any significant statistical difference between the variance of the single index model and the Markowitz model. The paper also includes implications for investors. Introduction In the contemporary environment involving business investments, selecting appropriate investments is a relevant task of most organisations. Rational investors try to minimise risks as well as maximise returns on their investments (Better, 2006). The ultimate goal is to reach a level identified as optimal portfolios. The focus in this process is on initiating the portfolio selection models, which are essential for optimising the work of investors. Research shows that the Markowitz model is the most suitable model for conducting stock selection, as this is facilitated through the use of a full covariance matrix (Bergh and Rensburg, 2008). The importance of this study reflects in the application of different models so as to develop adequate portfolios in organisations. It is essential to compare certain models because investors may be provided with sufficient knowledge about how they can best construct their portfolios. In this context, the precise variance of the portfolio selection model is important, as it reflects portfolio risk (Bergh and Rensburg, 2008). Information on the parameters of different models is significant to make the most appropriate decisions regarding portfolio creation. Markowitz is a pioneer in the research on portfolio analysis, as his works have contributed to enhancing investorsââ¬â¢ perspectives on the available options regarding specific models of constructing optimal portfolios (Fernandez and Gomez, 2007). Research Methodology The research question presented in this study referred to the exploration of ideas embedded in single index model/construction of optimal portfolios and comparing them with the classic Markowitz model. The focus was on the construction of optimal portfolios, as the researcher was concerned with the evaluation of constructed portfolios with specific market parameters (Better, 2006). Moreover, the researcher paid attention to the stock market price index, including stocks of organisations distributed in three major sectors: services, financial, and industrial (Fernandez and Gomez, 2007). The behaviour of this index was explored through the implementation of SPSS analysis. The data covered a period of seven years, starting on January 1, 2000 and ending on December 31, 2006. It was essential to evaluate the effectiveness parameters of the single index model/construction of optimal portfolios and the Markowitz model. The criteria for the selection of companies included that all organisati ons shared the same fiscal year (ending each year on December 31) as well as they have not demonstrated any change in position. Results and Data Analysis The research methodology utilised in the study is based on the model of single index/optimal portfolios and the Markowitz model. The exploration of the relationship between these two models required the selection of 35 equally weighted optimal portfolios, as two sizes of portfolio were outlined. An approximate number of 10 optimal portfolios represented the first size, which further generated 12 portfolios. In addition, the researcher considered the option of simulating of optimal portfolios represented at second sizes (Bergh and Rensburg, 2008). The criterion of queuing randomise portfolio selection has been used to generate approximate 23 portfolios from the second size category. The researcher selected five and 10 stocks to analyse the data. The portfolio size split allowed the researcher to explore how the portfolio size could be used to affect the relationship between the single index model/optimal portfolios and the Markowitz model (Fernandez and Gomez, 2007). Results of testin g the data are provided in the table below: Optimal portfolio numberVariance of Single Index ModelVariance of the Markowitz ModelOptimal portfolio numberVariance of the Single Index ModelVariance of the Markowitz Model 100.00370.003950.00210.0023 100.00140.001750.00280.0038 100.00210.002850.00420.0051 100.00200.002150.00250.0030 100.00310.003550.00260.0024 100.00190.001950.00330.0038 100.00880.008650.00670.0071 100.00280.003750.00370.0053 100.00250.002450.00380.0043 100.00220.002350.00210.0020 100.00190.002050.00630.0061 100.00230.002650.02120.0202 Table 1: Variance of Five and 10 Optimal Portfolios Based on the results provided in the table, it can be concluded that the variance between the single index model/construction of optimal portfolios and the Markowitz model is similar. For instance, values of 0.0020 and 0.0019 for the variance of the two models are similar. This means that the results do not show substantial statistical differences between the two models. The tables below contain a descriptive summary of the results presented in the previous table: MeasureSingle Index ModelMarkowitz Model Mean0.00440.0047 Minimal0.00210.0020 Maximum0.02120.0202 Standard Deviation0.00370.0035 Table 2: Descriptive Summary of 10 Optimal Portfolios The results in Table 2 were derived from testing the performance of 10 optimal portfolios. It has been indicated that the mean for the single index model of 10 portfolios is 0.0044, while the mean for the Markowitz model is 0.0047, implying an insignificant statistical difference. The minimal value of the single index model is reported at 0.0021, while the minimal value of the Markowitz model is 0.0020. The difference is insignificant. The maximum value of the single index model is 0.0212, while the same value of the Markowitz model is 0.0202. Based on these values, it can be argued that there is a slight difference existing between the two models. The standard deviation of the single index model is 0.0037, while the standard deviation of the Markowitz model is 0.0035, which also reflects an insignificant statistical difference. MeasureSingle Index ModelMarkowitz Model Mean0.00280.0031 Minimal0.00140.0017 Maximum0.00880.0086 Standard Deviation0.00200.0019 Table 3: Descriptive Summary of 5 Optimal Portfolios Table 3 provides the results for five optimal portfolios. These results are similar to the ones reported previously (10 optimal portfolios). The mean for the single index model of 5 optimal portfolios is 0.0028, while the mean for the Markowitz model is 0.0031, implying an insignificant statistical difference. There are insignificant differences between the two models regarding other values, such as minimal and maximum value as well as standard deviation. Furthermore, the researcher performed an ANOVA analysis of 10 optimal portfolios, which are presented in the table below. It has been indicated that the effective score for the single index model and the Markowitz model is almost the same. Yet, an insignificant difference was reported between the two means and standard deviations for both models. ANOVA AnalysisSum of squaresDfConditionMeanStandard DeviationStandard Error MeanFSig. Between Groups.00011.000.003125.0018704.0005399.089.768 Within Groups.000222.000.002892.0019589.0005655 Total.00023 Table 4: ANOVA Analysis for the Variance between the Single Index Model and the Markowitz Model of 10 Portfolios From the conducted analysis, it can be also concluded that the F-test presents an insignificant statistical value, implying that the researcher rejected the hypothesis of a significant difference existing between portfolio selections with regards to risk in both models used in the study (Fernandez and Gomez, 2007). Hence, the hypothesis of a significant difference between the variance of the single index model and the Markowitz model was rejected (Lediot and Wolf, 2003). In the table below, the researcher provided the results of an ANOVA analysis conducted on five optimal portfolios: ANOVA AnalysisSum of SquaresDfConditionMeanStandard DeviationStandard Error MeanFSig. Between Groups.00011.000.004852.0036535.0007618.096.758 Within Groups.001442.000.004509.0038595.0008048 Total.00145 Table 5: ANOVA Analysis for the Variance between the Single Index Model and the Markowitz Model of 5 Portfolios The results from Table 5 show that the variance between the single index model and the Markowitz model of five optimal portfolios is almost the same. Regardless of the stock number in the selected optimal portfolios, there is no significant statistical difference between the single index model and the Markowitz model. The main finding based on the reported data is that the single index model/construction of optimal portfolios is similar to the Markowitz model with regards to the formation of specific portfolios (Bergh and Rensburg, 2008). As indicated in this study, the precise number of stocks in the constructed optimal portfolios does not impact the final result of comparing the two analysed models. The fact that these models are not significantly different from each other can prompt investors to use the most practical approach in constructing optimal portfolios (Haugen, 2001). Placing an emphasis on efficient frontiers is an important part of investorsââ¬â¢ work, as they are focused on generating the most efficient portfolios at the lowest risk. As a result, optimally selected portfolios would be able to generate positive returns for organisations. This applies to both the single index model and the Markowitz model (Fernandez and Gomez, 2007). Conclusion and Implications of Research Findings The results obtained in the present study are important for various parties. Such results may be of concern to policy makers, investors as well as financial market participants. In addition, the findings generated in the study are similar to findings reported by other researchers in the field (Bergh and Rensburg, 2008). It cannot be claimed that either of the approaches has certain advantages over the other one. Even if the number of stocks is altered, this does not reflect in any changes of the results provided by the researcher in this study. Yet, the major limitation of the study is associated with the use of monthly data. It can be argued that the use of daily data would be a more viable option to ensure accuracy, objectivity as well as adherence to strict professional standards in terms of investment (Better, 2006). In conclusion, the similarity of the single index model and the Markowitz model encourage researchers to use both models equally because of their potential to generate optimal portfolios. Moreover, the lack of significant statistical differences between the variance of the single index model and the Markowitz model can serve as an adequate basis for investors to demonstrate greater flexibility in the process of making portfolio selection decisions (Haugen, 2001). The results obtained in the study were used to reject the hypotheses that were initially presented. As previously mentioned, the conducted F-test additionally indicates that the single index model and the Markowitz model are almost similar in scope and impact (Fernandez and Gomez, 2007). Investors should consider that portfolio selection models play an important role in determining the exact amount of risk taking while constructing optimal portfolios. Hence, investors are expected to thoroughly explore those models while they select their portfolios (Garlappi et al., 2007). Both individual and institutional investors can find the results generated in this study useful to facilitate their professional practice. A possible application of the research findings should be considered in the process of embracing new investment policies in the flexible organisational context (Bergh and Rensburg, 2008). Future research may extensively focus on the development of new portfolio selection models that may further expand the capacity of organisations to improve their performance on investment risk taking indicators. References Bergh, G. and Rensburg, V. (2008). ââ¬ËHedge Funds and Higher Moment Portfolio Performance Appraisals: A General Approachââ¬â¢. Omega, vol. 37, pp. 50-62. Better, M. (2006). ââ¬ËSelecting Project Portfolios by Optimizing Simulationsââ¬â¢. The Engineering Economist, vol. 51, pp. 81-97. Fernandez, A. and Gomez, S. (2007). ââ¬ËPortfolio Selection Using Neutral Networksââ¬â¢. Computers & Operations Research, vol. 34, pp. 1177-1191. Garlappi, L., Uppal, R., and Wang, T. (2007). ââ¬ËPortfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approachââ¬â¢. The Review of Financial Studies, vol. 20, pp. 41-81. Haugen, R. (2001). Modern Investment Theory. New Jersey: Prentice Hall. Lediot, O. and Wolf, M. (2003). ââ¬ËImproved Estimation of the Covariance Matrix of Stock Returns with an Application to Portfolio Selectionââ¬â¢. Journal of Finance, vol. 10, pp. 603-621.
Tuesday, October 8, 2019
Ernest Ludwig Kirchner Essay Example | Topics and Well Written Essays - 1250 words
Ernest Ludwig Kirchner - Essay Example Their personal styles of work with the great variety of plots and directions were partly a result of their vital activity, including great number of their drawings, lithographs and woodcuts. Kirchner as well as his colleagues was under influence by the African and Oceanic art that is reflected in unusual manner of his works. In 1912, Kirchner became the leader of the group "The Bridge. He and the other artists sought to build a "bridge" between Germany's past and future. "They felt that the art of the current establishment was too academic and refined to retain any degree of expression, so they instead found inspiration in medieval German art and primitive African sculpture. Additionally, they would find inspiration in the emotionally expressive works of Vincent Van Gogh and Edward Munch. Since their primary concern was the expression of deeply felt emotions, they would also transform their negative feelings about the war onto canvas."(3) Kirchner achieved some fame during his lifeti me, and he had a number of collectors for his paintings and wood-cuts. His intense work on paintings, woodcuts, and sculpture expanded to include designs for the weaver Lise Guyer and, more importantly, for the decoration of the great hall of the Museum Folkwang in Essen: work never to be completed, since the Nazis seized the museum in 1933. During the Nazi dictatorship, however, his work was denounced (as well as his compatriots) as "degenerate art", and confiscated from museums. He became increasingly depressed by the war and committed suicide on June 15, 1938 after destroying much of his artwork - he was very despondent over the Nazism and its displays. All his life Kirchner was in search for an increasingly simplified form of expression. When the group relocated to Berlin in 1910-11, Kirchner's response to the confrontation with the metropolis resulted in the bold works that epitomize the hectic life in Berlin. In 1917 Kirchner moved to Switzerland, where he was supported by the collector Dr. Carl Hagemann, the architect Henri van de Velde, and the family of his physician, Dr. Spengler. He slowly recovered, while continuing to work on paintings and woodcuts. His works were exhibited in Switzerland and Germany. In 1921 he had fifty works on view at the Kronprinzenpalais (Nationalgalerie) in Berlin, which were praised by critics and established his reputation as the leading expressionist. In 1925-26 he made his first long trip back to Germany. He stayed for a while in Dresden with his biographer, Will Grohmann, and visited the dancer Mary Wigman. In this period of his life he painted one of his significant colour-woodcuts, "Head of Albert Muller". It was signed, annotated and dedicated in black ink and pencil. It is a splendid proof impression printed from two blocks on a yellowish, thick Japan-paper. The work is in excellent and fresh condition. Although it is a second state key-stone, Kirchner annotated it as ,,1ster Handdruck", which probably meant the fi rst impression of this state. The represented painter from Basle, Albert Mller, was a very close friend and pupil of Ernst Ludwig Kirchner. He and his family spent several months in the summer of 1925 with Kirchner and worked with him in Frauenkirch. The portrait was probably executed during that time. Albert Mller died of typhus - only 29 years old - in December 1926. Kirchner, who
Monday, October 7, 2019
Think Detroit Police Athletic League (PAL) Research Paper
Think Detroit Police Athletic League (PAL) - Research Paper Example Think Detroit PAL, a private non-profit organization that has been positively touching the lives of thousand youths through sports and leadership development programs. The organization missionââ¬â¢s is to develop character in youths through athletics and leadership development programs and academics. The program has been developing mentors and training volunteer coaches. Presently, Think Detroit offers fall and spring soccer to youths, however following increased prevalence of obesity, diabetes and hypertension due to inactivity; Think Detroit wishes to expand is program to become an all year soccer competition. To implement the year round soccer program for youths in the inner city, Think Detroit requires to raise 18621 dollars. These funds will be used to purchase playerââ¬â¢s uniforms, balls and ball bags. Moreover the money will be used in rewarding teams and organizing celebrations. The organization will use some of volunteer coaching staff to aid in administration of the club affairs and parents will have to pay 40 dollars for their parents to participate. The organization has adequate and well experienced professionals to initiate such a program. The program will target youths leaving in Wayne County and those in the inner city. However, those in Detroit will be given priority. There will be five coed teams and the program will run from November 2012 to August 2013 with two seasons; summer and winter tournaments. Children in the program will have to show their report cards to the coaching staff as an indicator of any improvement. The contact point with the organization is Dana Cooper who is the soccer commissioner. Organizational Information Our organization; Think Detroit Police Athletic League (PAL) is a non-profit organization that has been positively touching lives of about ten thousand children annually by use of athletics and leadership mentorship programs. The organization was formed following a merger of Think Detroit and Detroit PAL in 2006. The organization empowers the society by educating volunteer coaches and developing safe areas that our kids can play. Annually, Think
Sunday, October 6, 2019
The Chrysler PT Cruiser Essay Example | Topics and Well Written Essays - 1000 words
The Chrysler PT Cruiser - Essay Example The Chrysler PT Cruiser The Chrysler Group is Daimler Chrysler AGââ¬â¢s unit which is worldââ¬â¢s fifth biggest automaker producing company in both passengers as well as commercial vehicle segments. The Chrysler PT Cruiser is built by Chrysler which is a ââ¬Å"retroâ⬠styled station wagon. It is the marquee of Daimler Chrysler. The model resembles in size and shape to the 1997 Chrysler CCV prototype. The marketing plan is all about repositioning and revitalising the PT Cruiser that has been struggling since many years and underwent a decline stage. PT Cruiser has been one of the successful retro-styled vehicles. More than 1.3 million PT Cruiser cars were manufactured since the year 2000. However, despite its stylish look and many advanced features, the sales of the car have been plummeting in the recent years. It has been analysed that the reason behind the sales slide and the failure of the PT Cruiser have been that the Chrysler didnââ¬â¢t invest the required sum in this model. It has even b een argued that the reason behind its failure has been that the car was never improved by the company over its life span. The target segment was primarily the middle aged people who bought these cars. There are always two basic strategic choices for any company. Either the company can segment the market or it can treat its entire market as its potential customers for the goods and services that it renders. By the word ââ¬Ësegmentationââ¬â¢ the development of the unique marketing strategies in order to meet the market needs of the market place, is perceived. (Weinstein, 2004). In addition to the middle aged people the target segment should be youngsters as well. By driving its attention towards this particular segment, the company can gain a significant number of customers in comparison to the middle aged people. In terms of psychographic segmentation, the company needs to segment its market to the outgoing people who usually hangout with their friends and relatives. The company has been providing its services all over the world; however, it would be better if the company targets the Asian countries as there is huge potential in these countries. In terms of benefit segmentati on, the company needs to focus upon investing in the style of the product as it has not gone through much change with respect to the product and there has been no investment made to upgrade it. In terms of physiographic segmentation, the company can target both the economy minded as well as the high income group people. Marketing Objectives The main objective of the company must be to invest adequate resources so that they can appeal to the mass consumers. In the era of competition, it is important for the companies to keep themselves updated with the modern technologies. The major reason for the failure of the product has been that the model and features provided by the car were same throughout its entire of its 11 years existence in the market. Therefore, the main objective of the company must be to make changes in the product model along with providing new advanced features with the aim to beat the
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