The Treatment of Women in Bram Stokers Dracula Essay -- Dracula E

The Treatment of Women in Bram Stoker's Dracula  Ã‚   In reading Bram Stoker's Dracula, I find the treatment of the two main female characters-- Lucy Westenra and Mina Harker-- especially intriguing. These two women are two opposite archetypes created by a society of threatened men trying to protect themselves. Lucy is the Medusa archetype. She is physically attractive, and wins the heart of any man who comes near her (e.g. Arthur, Quincey, Jack, and Van Helsing). Her chief quality is sensual beauty, but her sexual desire is repressed and not allowed to communicate. And yet both the spiritual side and the sexual side are in her, and when the long repressed sexuality finds a vent, it explodes and takes over completely. In other words, she is transformed into the completely voluptuous female vampire precisely because her sexual side of personality had been completely buried by her Victorian education. Her repressed self needs such expression that when Dracula came along, she went out to greet him, and then invited him into the house (by opening her window to the bat). He is her vent for sexual expression. When Lucy becomes a vampire herself, John Seward describes her as follows: She seemed like a nightmare of Lucy as she lay there; the pointed teeth, the bloodstained, voluptuous mouth -- which made one shudder to see -- the whole carnal and unspiritual appearance, seeming like a devilish mockery of Lucy's sweet purity (252; ch.16). And for this voluptuous Lucy he has no pity: "the remnant of my love passed into hate and loathing; had she then to be killed, I could have done it with savage delight" (249; ch.16). But why this attitude? I believe it is the aggressive sexuality that the vampire Lucy displays that ... ...in excluding her from their undertakings, and include her again. However, now that she is infected with vampire blood and is capable of reading Dracula's mind, the men both fear and need her. They are forced to accept her in the public realm, but the quest is to eventually rid her of evil influence and restore her purity again, that is, to turn her back into the virtuous woman who will stay in the dominion of the home and not pose a threat to men. The end of this novel is the restoration of a world as the Victorians know it: the vampire destroyed, the women rid of their evil sexual desires and kept out of the dangerous world outside their homes, and the men safe and free in a male-dominated world, playing their exclusive gallant, intelligent, and adventurous roles.    Text Cited Stoker, Bram. Dracula. Ed. Glennis Byron. Peterborough: Broadview, 1998.

Valuating & Financial Prediction of Fortescue Metals Group Ltd

| Valuating & Financial Prediction of Fortescue Metals Group Ltd| AFX9540 BUSINESS FINANCE| | | | Executive Summary This report is written to offer a business analysis of Fortescue Metals Group Ltd (FMG) where there will be a discussion on the background of the company, its return on the pre-post announcement of raising funds, the capital structure during the global financial crisis in comparison to its peers and the estimation on the share valuation in comparison to the actual share value. Fortescue Metals Group (ASX:  FMG) is an Australian iron ore mining company.The company has holdings of more than 87,000 km? in the Pilbara region of Western Australia making it the largest tenement holder in the state. It is listed as FMG on the Australian Securities Exchange (ASX). In 2008, the group loaded its first iron ore shipment bound for China. Fortescue have at least 10 Chinese steel mill contracts lasting for around 10 years. Baosteel was the first company to receive their iron ore. F or the share valuation, the report uses the CAPM model to determine the prevailing cost of capital and also uses the dividend discount multistage model to predict the share price for the company.The components of the CAPM model (i. e. risk free rate, company beta, Market return and growth rate) are calculated and predicted on historical data. The valuation data is then compared with the actual market price of the shares for the corresponding years and a brief analysis is then performed on the economic and internal reasoning behind any variance encountered. Table of Contents Executive Summary2 1. 0Brief overview of the company4 2. 0Capital Structure4 2. 1Funds raised by the company4 2. 2Usage of the fund5 2. 3Announcement date for the issue5 2. 4Share-return pre and post announcement5 2. Market return same period6 2. 6 Market Perception6 2. 7 Effect of recent financial crisis7 3. 0 Valuation of FXJ shares7 3. 1Risk free rate calculation8 3. 2Market rate calculation8 3. 3Beta calculat ion9 3. 4CAPM Calculation10 3. 5Growth rate calculation10 3. 6Share valuation11 3. 7Comparison of valuation vs. actual data12 3. 8 Evaluation of the variation13 4. 0 Conclusion13 Appendix 1: Cash rate target14 Appendix 2: Market data for beta calculation14 Reference & Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 16 . 0General background of the Firm Fortescue Metals Group Ltd is the New Force in Iron Ore and has joined the world's leading producers of iron ore. Since the Company was formed in 2003, its extraordinary growth has been unparalleled. Listed in the S;P/ASX 50 share index, Fortescue has firmly established itself as one of the world's largest producers and sea-borne traders of iron ore. From Construction to Production Construction of Fort escue's port, rail and mine project commenced in February 2006 with the turning of the first sod at the Company's port site at Anderson Point in Port Hedland.Just two years later in 2008, the open-access rail infrastructure was complete and  operations were underway  at the Fortescue Herb Elliott Port and at the Company's first minesite, Cloudbreak. Shipping started on 15 May 2008 and Project Completion was achieved within months. On 18 July 2008, Fortescue's fifth anniversary, the Company successfully mined, railed and shipped at a rate of 24mtpa (Million ton per annum) for a one month period. In the first full year of operations, Fortescue mined, railed and shipped more than 27 million tonnes of iron ore to customers in China. FinanceFortescue's project was founded on the raising of A$3. 7 billion capital, including A$1 billion equity, during two finance road shows in August 2006 and July 2007. The August 2006 raising was the largest single high-yield Asia-Pacific transaction, the largest high-yield bond project financing ever, one of the largest corporate bonds out of Australia and one of the largest global bond issues in the sector. Since then Fortescue has grown to become an S;P/ASX 50 company. Over 55,000 Australians have become shareholders in the proudly Australian founded and managed company.A substantial increase in Fortescue's Resource Inventory to 10. 03 billion tonnes in March 2011, including 1. 6 billion  tonnes of Reserves,  positioned the company as one of the world's major resource houses. This massive Resource Inventory was achieved in record time and was delineated from approximately 10 per cent of  Fortescue's 88,000 square kilometres of Pilbara tenements. 2. 0Capital Structure of the Firm 2. 1Funds raised by the company 1,326,316 number of Ordinary Shares were issued to generate A$6. 3 million. 2. 2Purpose of Fund 1,326,316 number of Ordinary Shares were issued as payment for a distribution of A$6. million due under the A$140m, R edeemable Preference Share issued with maturity on or before February 2017. 2. 3Announcement date of the issue The initial announcement date for this issue of the Ordinary Share was 15th September 2010. 2. 4Share return from two days before the announcement date to two days after the announcement. Holding Period Return=Ending Price-Beginning PriceBeginning Price ? 100 Holding Period Return=p1-p0p0 ? 100; P1 = Ending Price, P0 = Beginning Price | Date| Open| High| ow| Close| Volume| Adj Close*| 17 Sep 2010| 4. 87| 4. 92| 4. 83| 4. 84| 25,307,700| 4. 82| 16 Sep 2010| 5. 2| 5. 02| 4. 85| 4. 86| 15,360,000| 4. 84| 15 Sep 2010| 5. 03| 5. 08| 4. 99| 5. 03| 11,614,800| 5. 01| 14 S p 2010| 4. 99| 5. 07| 4. 97| 5. 02| 10,319,500| 5. 00| 13 Sep 2010| 4. 91| 5. 01| 4. 90| 4. 97| 14,643,800| 4. 95| | Closing price adjusted for dividend and splits Before the Announcement Date: Holding Period Return=p1-p0p0 ? 100 So, HPR=5. 02-4. 914. 91 ? 100 = 2. 24% After the Announcement Date: Holding Period Return=p1-p0p0 ? 100 So, HPR=4. 84-5. 025. 02 ? 100 = -3. 59% 2. 5Market Return same period | Date| Open| High| Low| Close| Volume| Adj Close*| 17 Sep 2010| 4,657. 70| 4,692. 50| 4,657. 0| 4,685. 10| 1,523,846,600| 4,685. 10| 16 Sep 2010| 4,703. 00| 4,707. 70| 4,648. 90| 4,650. 00| 1,813,657,000| 4,650. 00| 15 Sep 2010| 4,670. 10| 4,710. 50| 4,669. 90| 4,702. 70| 1,644,565,600| 4,702. 70| 14 Sep 2010| 4,661. 40| 4,688. 90| 4,661. 10| 4,669. 10| 1,422,233,600| 4,669. 10| 13 Sep 2010| 4,613. 30| 4,660. 90| 4,612. 70| 4,654. 20| 1,433,713,600| 4,654. 20| Closing price adjusted for dividend and splits Holding Period Return=Ending Price-Beginning PriceBeginning Price ? 100 Holding Period Return=p1-p0p0 ? 100; P1 = Ending Price, P0 = Beginning Price Before the Announcement Date:Holding Period Return=p1-p0p0 ? 100 So, HPR=4669. 10-4613. 304613. 30 ? 100 = 1. 21% After the Announcement Date: Holding Period Return=p1-p0p0 ? 100 So, HPR=4685. 10-47034703 ? 100 = -0. 38% 2. 6Market Perception From the above analysis it can be seen that the share performance of the company and the market was stable during the pre and post two days of the announcement. Previously before the announcement the performance of both is going the similar path (upward movement). On the other hand post announcement illustrated negative result (-3. 59% against -0. 38%) for Fortescue Metals Group Ltd.There might be two causes behind this; one, the share price have been over estimated for which the price had to be adjusted. Secondly, the investors did not take the fund raising issue positively as they might think it would not generate much fund for the company’s growth and thus unable to generate enough wealth for them. 2. 7Effect of recent financial crisis | | BlueScope| Fortescue Metals| Mount Gibson| OneSteel| Net Gearing| 2007| 0%| 0%| 0%| 46. 65%| | 2008| 0%| 0%| 25. 42%| 56. 72%| | 2009| 0%| 9%| 6. 29%| 28. 22%| | 2010| 14. 82%| 169. 90%| 3. 97%| 21. 45%| | 2011| 24. 43%| 183. 43%| -| 38. 36%|Table 1: Gearing ratio-peer analysis of Fortescue Metals Group Ltd. We can conclude that the recent financial crisis did not affect the industry’s capital structure. As of now the mining industry is going boom. In the time of recession, most of the companies will not have enough profit to repay a debt so; investors are more interested in investing in mining industry rather than some other industry. By using the gearing ratio, it can be seen that Fortescue’s degree of leverage is higher, the more higher the  company is considered risky. However Fortescue Metals Ltd is very strong with their high growth rate compared to its competitors.For them paying off the debt would not be a big issue as they are enjoying three benefits which are; one, mining industry is going boom; two, Australian dollar (AUD) getting stronger; and three, Fortescue’s operations are well placed to maintain the 55mtpa rate across the 2012 financial year while development to 155mtpa conti nues in a mixture of brownfields and greenfields projects, scheduled to take place through to June 2013. 3. 0Valuation of shares The dividend discount multistage model is a procedure for valuing the price of a stock by using predicted dividends and discounting them back to present value.The idea is that if the value obtained from the dividend discount multistage model is higher than what the shares are currently trading at, then the stock is undervalued. Formula P0 = D11+R The required return can be calculated using the CAPM (capital asset pricing model) model, which becomes the cost capital of the project. Formula CAPM: E(r)= Rf+[? i (Rm-Rf)] 3. 1Risk free rate calculation The benchmark interest rate in Australia was last reported at 4. 75 percent. In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board.The interest rate needs to be adjusted yearly using the Effective Annual Rate. EAR = (1+in)n-1 EAR| 2011| 2010| 2009| Calculation| (1+. 0475/365)36 5-1| (1+. 0396/365)365-1| (1+. 0479/365)365-1| Rf| 4. 86%| 4. 03%| 4. 90%| Table 2: Risk Free rate 3. 2Market rate calculation The calculation of market return will include statistics from 5 years to counteract any data abnormality from recession or seasonal spikes. | 2005| 2006| 2007| 2008| 2009| 2010| 2011| Calculation| 4,229. 93,546. 1-1| 5,034. 04,225. 9-1| 6,310. 65035. 4-1| 3,947. 85,345. 8-1| 3,947. 85,345. 8-1| 4,324. 83,934. 4-1| 4,659. 84,309. -1| Return| 0. 1928| 0. 1912| 0. 2532| -0. 1549| -0. 2615| 0. 0992| 0. 0811| Average Market return based on five years performance is: Rm2011 = (0. 2532-0. 1549-0. 2615+0. 0992+0. 0811)5 = 0. 0034 = 0. 34% Rm2010 = (0. 1912+. 2532-0. 1549-0. 2615+0. 0992)5 = 0. 0254 = 2. 54% Rm2009 = (0. 1928+0. 1912+0. 2532-0. 1549-0. 2615)5 = 0. 04416 = 4. 42% 3. 3Beta calculation: The beta is taken from FinAnalysis. Beta (? ) is a number describing the relation of its returns with those of the financial market as a whole. The beta coefficient is a key parameter in the capital asset pricing model (CAPM).It measures the part of the asset's statistical variance that cannot be removed by the diversification provided by the portfolio of many risky assets, because of the correlation of its returns with the returns of the other assets that are in the portfolio. Formula for Beta is: i=1n[Ri-ER]2n-1 Data from 2009 to 2011 has been used and a data of 3 years is used to calculate the beta. | 2009| 2010| 2011| ?| 0. 91| 0. 80| 0. 88| A beta of greater than 1 indicates that the security's price will be more volatile than the market. Fortescue Metals Ltd has a beta of 0. 88; therefore it is less volatile than the market. 3. CAPM Calculation: Hence, using Capital Asset Pricing Model (CAPM) as Required Return E(r)= Rf+[? i (Rm-Rf)] | 2009| 2010| 2011| Calculation| 4. 90% + [0. 88(4. 42%-4. 90%)]| 4. 03% + [0. 88(2. 54%-4. 03%)]| 4. 86% + [0. 88(0. 34%-4. 86%)]| Return| 4. 48%| 2. 72%| 0. 88%| Table 4: Cost of Capital 3. 5Growth Rate Calcula tion Growth rate calculation represents the  compounded annualized rate of growth of a company's revenues, earnings, dividends, etc. The formula for growth rate = Return on equity X Plowback ratio = ROE ? (1-DividendEPS) This growth rate will be used for the calculation of share prices for the last three years.ROE, DIV and EPS from 2009 to 2011 are shown below: | 2009| 2010| 2011| ROE| 13. 62%| 51. 57%| 75. 36%| DIV ($)| -| -| 7. 0| EPS ($)| 21. 90| 22. 12| 31. 88| Table 5: Financial data g2011 = ROE(2011) (1- Div(2011)/EPS(2011)) = 75. 36%(1-7/31. 88)= 58. 81% g2010 = ROE(2010) (1- Div(2010)/EPS(2010)) = 51. 57%(1-0/22. 12)= 51. 57% g2009 = ROE(2009) (1- Div(2009)/EPS(2009)) = 13. 62%(1-0/21. 90)= 13. 62% Below is the summary of the data discussed: Components| 2009| 2010| 2011| Er| 4. 48%| 2. 72%| 0. 88%| Rf| 4. 86%| 4. 03%| 4. 90%| Rm| 4. 42%| 2. 54%| 0. 34%| ?i| 0. 91| 0. 80| 0. 88| | 13. 62%| 51. 57%| 58. 81%| Table 6: Summarisation of component 3. 6Share Valuation To calculat e the value of the shares, we need to determine the method of valuation so; mixed stage dividend model can be used to calculate the value of the share. Bearing in mind the business nature, we can see an average of 41. 33% growth which is abnormally high. For the purpose of calculation we will presume this high growth rate will continue for another 40-45 years at least. As it is a new mining company and as we know that the return comes late so, the growth rate is high even after a long term.From 2053 onwards we assume that the business will grow at 7% rate, which we believe is a conservative approach, as because by then there will be many mining companies opening both domestically and internationally. China is progressing very fast and by next 15-20 years they will level up, not just China; India, South Africa, South America etc are also catching-up fast, so due to the high competition the market would not remain the same and it will change consecutively as forecasted. The valuation calculation will take this assumption towards establishing the model. P2009=i=20092012D0 (1+g)i(1+Ke)i + Pi(1+Ke)iP2010=i=20102012D0 (1+g)i(1+Ke)i + Pi(1+Ke)i P2011=i=20112012D0 (1+g)i(1+Ke)i + Pi(1+Ke)i | Growth Rate| Net Cash Flow| Cost of Capital| | D2009| | -13,643| 4. 48%| | D2010| | 1,877,963| 2. 72%| | D2011| 41. 33%| 4,206,365| 0. 88%| | D2012| 50%| 4,906,922| 0. 92%| | D2013| 55%| 6,767,080. 65| 0. 99%| | D2014| 60%| 10,435,594. 64| 0. 99%| | D2015| 60%| 16,587,385. 22| 0. 96%| | D2016| 60%| 26,477,415. 36| 0. 98%| | D2017| 60%| 42,346,454. 77| 1%| | D2018| 60%| 67,743,188. 44| 0. 95%| | D2019| 60%| 108,379,297. 7| 0. 96%| | D2020| 60%| 173,398,415. 1| 0. 98%| | D2021| 60%| 277,429,356. 2| 1%| |D2022| 60%| 443,881,664. 5| 0. 98%| | -| -| -| -| | D2052| 8. 19%| 13,101,273,811| 0. 98%| | D2053| 7%| 22,933,861. 67| 0. 98%| | | P2009| 3. 89| | P2010| 3. 61| | P2011| 5. 46| Table 7: Summary calculation 3. 7Comparison of valuation vs. actual data From the valuation calculated thr ough the process, now we will compare that with the actual data from the market. Year| Valuation Data| Actual Data| Variance| Comment| 2009| 3. 89| 3. 64| -6. 40%| Undervalued| 2010| 3. 61| 3. 96| 9. 64%| Overvalued| 2011| 5. 46| 5. 98| 9. 43%| Overvalued| Table 8: comparison of actual and calculated data 3. Evaluation of the variation The valuation of the shares seems to be in the right track compared with the market trend. Nevertheless, post state gives a more variable scenario. Dividend was replaced by using the net operation Cash Flow per share. The operation cash flow only represents the cash flow in the company’s operation activities; whilst the company also have investing activities and financing activities. Thus, only use of the operation cash flow in the valuation has a high percentage of uncertainty. According to the table above, the actual price is undervalued.The valuation can be endorsed to the lower than expected risk premium in the market resulting from the con trolled risk free rate determined by the government. Another issue can be AUD getting stronger compared to USD, resulting additional dent on the nominal cost of capital for the company. In the later part of the table, the actual price is overvalued. In order to illustrate this phenomenon, one possible reason is inflation. Inflation is an overall general rise in prices. As we know, global financial crisis happened few years back, the effect of the financial crisis was significant on the whole market and caused inflation.Therefore, due to inflation, the market prices are higher than the actual prices. Another possible reason is some unpredicted economic/natural events happened during this period and lead to movements of the market price. On the other hand the factors can be attributed to the assumptions and predictions using the calculation components. CAPM formula and Beta calculation has its own risk and de-merits. The growth rate is strongly manipulated by the industry’s lan dscape, economic status and political issues.The information available could also affect the actual share prices in the market which will impact on decision making for share buyers/sellers. The share price valuation will be varied from one investor to another depends on their information. As there is an existence of asymmetric information in the market, one cannot estimate the share price exactly the same with the actual share price. Besides, the investors behaviour are different between one another, hence, the pattern of the actual share price is not only based on market returns in general, but also depends on whether the level of the risk that the investors are willing to bear. . 0Conclusion In conclusion, we need to consider about inflation and unpredicted events when we investigate the market price. In addition, we need to distinguish nominal interest rate and real interest rate when we calculate. Appendix 1: Cash rate target: Effective date| New cash rate| Adjusted cash rate| | | 2011| 4. 75| 5 May 2010| 4. 75| 2010| 3. 96| 7 Apr 2010| 4. 50| | | 3 Mar 2010| 4. 25| | | 2 Dec 2009| 4. 00| | | 4 Nov 2009| 3. 75| | | 7 Oct 2009| 3. 50| | | 8 Apr 2009| 3. 00| | | 4 Feb 2009| 3. 25| 2009| 4. 79| 3 Dec 2008| 4. 25| | | 5 Nov 2008| 5. 25| | | 8 Oct 2008| 6. 00| | | 3 Sep 2008| 7. 00| | |Appendix 2: Market Data for beta calculation: Date| Open| High| Low| Close| Volume| Adj Close| 3/10/2011| 0. 81| 0. 94| 0. 79| 0. 89| 18267300| 0. 89| 1/09/2011| 0. 85| 0. 9| 0. 74| 0. 82| 16091200| 0. 82| 1/08/2011| 0. 87| 0. 92| 0. 68| 0. 85| 15948300| 0. 85| 1/07/2011| 0. 98| 1. 01| 0. 86| 0. 88| 11603100| 0. 88| 1/06/2011| 1. 09| 1. 09| 0. 94| 0. 98| 17479100| 0. 98| 2/05/2011| 1. 32| 1. 33| 1. 03| 1. 08| 21843500| 1. 08| 1/04/2011| 1. 29| 1. 37| 1. 25| 1. 32| 17067200| 1. 32| 1/03/2011| 1. 29| 1. 3| 1. 17| 1. 29| 18402900| 1. 29| 1/02/2011| 1. 34| 1. 46| 1. 28| 1. 3| 14583200| 1. 3| 4/01/2011| 1. 4| 1. 42| 1. 33| 1. 35| 10259000| 1. 5| 1/12/2010| 1. 37| 1. 46| 1. 36| 1. 4| 1 8060000| 1. 4| 1/11/2010| 1. 44| 1. 49| 1. 32| 1. 37| 15254000| 1. 37| 1/10/2010| 1. 45| 1. 55| 1. 4| 1. 45| 12209300| 1. 45| 1/09/2010| 1. 47| 1. 57| 1. 44| 1. 47| 10714700| 1. 47| 2/08/2010| 1. 48| 1. 52| 1. 33| 1. 44| 12983000| 1. 43| 1/07/2010| 1. 3| 1. 51| 1. 29| 1. 48| 10254300| 1. 46| 1/06/2010| 1. 52| 1. 52| 1. 26| 1. 32| 17287600| 1. 3| 3/05/2010| 1. 72| 1. 76| 1. 4| 1. 51| 19697600| 1. 5| 1/04/2010| 1. 79| 1. 83| 1. 72| 1. 73| 12311100| 1. 71| 1/03/2010| 1. 62| 1. 86| 1. 62| 1. 8| 16808300| 1. 78| 1/02/2010| 1. 7| 1. 88| 1. 64| 1. 65| 17412500| 1. 63| 4/01/2010| 1. 74| 1. 88| 1. 7| 1. 73| 13261300| 1. 71| 1/12/2009| 1. 63| 1. 75| 1. 56| 1. 74| 8904800| 1. 72| 2/11/2009| 1. 55| 1. 77| 1. 52| 1. 63| 11449600| 1. 62| 1/10/2009| 1. 72| 1. 8| 1. 52| 1. 61| 14759100| 1. 59| 1/09/2009| 1. 46| 1. 75| 1. 42| 1. 72| 18761900| 1. 7| 3/08/2009| 1. 49| 1. 55| 1. 4| 1. 47| 18455600| 1. 46| 1/07/2009| 1. 19| 1. 48| 1. 07| 1. 48| 15136300| 1. 46| 1/06/2009| 1. 15| 1. 35| 1. 15| 1. 22| 156 24600| 1. 21| 1/05/2009| 1. 18| 1. 18| 0. 99| 1. 14| 15047200| 1. 13| 1/04/2009| 1. 01| 1. 19| 1. 01| 1. 18| 16260500| 1. 17| 2/03/2009| 0. 95| 1. 08| 0. 8| 1. 01| 18923300| 1. 01| 2/02/2009| 1. 35| 1. 39| 0. 92| 1. 08| 9490000| 1. 07| /01/2009| 1. 64| 1. 76| 1. 25| 1. 4| 5383300| 1. 39| 1/12/2008| 1. 4| 1. 67| 1. 33| 1. 63| 7776700| 1. 62| 3/11/2008| 1. 94| 2. 09| 1. 12| 1. 35| 8740000| 1. 34| 1/10/2008| 2. 75| 2. 76| 1. 85| 1. 92| 6877000| 1. 9| 1/09/2008| 2. 82| 3. 11| 2. 59| 2. 64| 7193700| 2. 62| 1/08/2008| 2. 65| 3. 05| 2. 58| 2. 82| 10400800| 2. 79| 1/07/2008| 2. 9| 3. 2| 2. 57| 2. 75| 8612800| 2. 72| References & Bibliography * http://www. asx. com. au/asx/research/companyInfo. do? by=asxCode&asxCode=FMG * http://www. investsmart. com. au/shares/asx/Fortescue-Metals-Group-FMG. asp * http://www. fxj. com. au/shareholders/Fairfax_AnnualReport_2011. df * http://www. fmgl. com. au/IRM/Company/ShowPage. aspx/PDFs/2147-13354473/Appendix3 bAllotmentofShares * http://au. finance. ya hoo. com/q/ao? s=FMG. AX * http://datanalysis. morningstar. com. au. ezproxy. lib. monash. edu. au/af/company/issuedcapital? ASXCode=FMG&page=1&resultsperpage=25&xsl_predicate=&xsl_start_year=1999&xsl_end_year=2011&active=ISU_Sec1&xsl_start_date=1999-01-01&xsl_end_date=2011-12-31&xtm-licensee=dat#Active_ISU_Sec2 * http://www. asx. com. au/asx/statistics/announcements. do? by=asxCode&asxCode=fmg&timeframe=Y&year=2010 * http://www. specthuntley. com. au. ezproxy. lib. monash. edu. au/af/company/mainview? ASXCode=FMG * http://au. finance. yahoo. com/q/hp? s=FMG. AX&a=06&b=1&c=2008&d=05&e=30&f=2011&g=m * http://www. asx. com. au/research/market-statistics. htm ——————————————– [ 1 ]. http://www. fmgl. com. au/IRM/Company/ShowPage. aspx/PDFs/2147-13354473/Appendix3bAllotmentofShares [ 2 ]. http://au. finance. yahoo. com/q/hp? s=FMG. AX&a=08&b=13&c=2010&d=08&e=17&f=2010&g=d [ 3 ]. http: //au. finance. yahoo. com/q/hp? s=%5EAORD&a=08&b=13&c=2010&d=08&e=17&f=2010&g=d [ 4 ]. ttp://www. bluescopesteel. com/investors/annual-reports [ 5 ]. http://www. igo. com. au/IRM/content/investor/annualreports. htm [ 6 ]. http://www. mtgibsoniron. com. au/pages2/InvestRelations. aspx? PageID=IR_AR [ 7 ]. http://www. aspecthuntley. com. au. ezproxy. lib. monash. edu. au/af/company/annualratios? ASXCode=OST&xtm-licensee=finanalysis [ 8 ]. http://www. investopedia. com/terms/d/ddm. asp#axzz1aBqlpkfj Table 3: Market return [ 9 ]. http://www. tradingeconomics. com/australia/interest-rate [ 10 ]. http://www. aspecthuntley. com. au. ezproxy. lib. monash. edu. au/af/company/annualps

Political Advancement and Legislative Process Free Essay Example, 3000 words

As time went by, the new expectations that were placed upon Parliament and other modernizations drew different reactions as people were divided between supporting and embracing the changes while the other section of the public believed that these changes were merely a campaign promise that would never materialize into an efficient system. The divisions derived from the desires to achieve modernization were as a result of the failures of the committee selected to implement modernization in the House of Commons after they failed to set up an end-point that was coherent with the aims and resolutions of modernization. The committee lacked spelled out objectives while the role of the chairperson to the committee greatly influenced the course of action that was taken by the committee so that the desired goals could not be measured at the end of the committee s time in office. After 1997, there were several changes implemented in the legislative process, however, the modernization committe e steered clear of addressing issues involving the accountability in the executive. In 2001, a window of opportunity was opened for the exploitation of parliamentary reforms and this opportunity was presented to the Leader of the House at that point in time (Allen 43). Years after Labour won the election with the bright side of bringing an end to a protracted length of time that the Conservative Government had stayed in power; the new government had radical reforms on top of the agenda especially with the purpose of facilitating a complete overhaul of the political process. We will write a custom essay sample on Political Advancement and Legislative Process or any topic specifically for you Only $17.96 $11.86/pageorder now Modernization of the Westminster Parliament and its operations were fronted as the important reforms that were to be tackled first so as to restore the all-important public confidence through the modernization of other sectors of governance. By the time the Labour Government was beginning the third term in leadership, the society held on to the belief that it was about time to take stock of the extent, nature, and impact of the general idea of modernization so as to determine what has been done.

Questions On Math Lesson Observation - 1580 Words

Math Lesson Observation Introduction Mrs. Goss is a first grade teacher at Riverside Elementary, in Jeffersonville, Indiana. Riverside is a Title 1 school. Her class has eighteen students, ten of which are boys and eight are girls. There are two different ethnicities represented in the class with thirteen students who identify as white and five who identify as African American. In terms of what levels the students are on in mathematics, Mrs. Goss identified her class as being evenly split, as six of the students as below level, six as at level, and six as above level. When my co-teacher, Felicia Lemons and I first met Mrs. Goss and we asked her what were some interesting facts about her students she told us they love read alouds, with Mo†¦show more content†¦Goss wrote the objective â€Å"I can read and write fractions† as well as new vocabulary on the board. The new vocabulary was equal shares, fourths, quarters, halves, one half and one fourth. Mrs. Goss began the lesson by calling the students to the carpet and asking them to bring their white boards, which are about 8  ½ inches by 11 inches, dry erase markers, and erasers with them. To hook the students, she had them visualize a peanut butter and jelly sandwich. She then used construction paper cutouts of a square (which was made by my co-teacher and myself for an earlier lesson on two-dimensional shapes and repurposed for this lesson) to represent the sandwich. Next, she drew a line to divide the sandwich in half to share with a student named Nadalie. Mrs. Goss asked if Nadalie would want the smaller side of the sandwich. Nadalie replied that she did not want the sandwich because it was not equal. Next, she taught her students to signs to represent equal and not equal. Equal was represented by placing one arm parallel to the other arm with a gap of a few inches to separate them. Not equal was represented by crossing the arms to create an â€Å"X† with the arms and hands. In her next example, Mrs. Goss then showed the students a construction paper circle, which was to represent a cheese pizza. She divided it vertically into two equal halves to share with her husband, Mr. Goss. Mrs. Goss asked the students if the pizza was equal or not equal and the

Reasons For Persecution Caused By Religion - 918 Words

Persecution caused by religion has always existed, and in recent years has escalated to astonishing numbers. The persecution people face may be a simple, non-life-threatening incident such as being made fun of for your beliefs. However, in other more extreme cases people may be raped, beaten, or even killed due to their religious beliefs. The number of terrorist attacks in the name of religion is on the rise. About one person is killed every three minutes by different Islamic groups, totaling 450 people every day and 160,000 a year (â€Å"Christians Are Being Persecuted Worldwide†) From December 15, 2014, to January 13, 2015, there were seventeen attacks made by Islamic groups alone (â€Å"Terror Attacks†). African countries are seeing the most drastic changes. Groups such as al-Qaeda, al-Shabaab, and Boko Haram are raking havoc on many of the countries. Africa is home to fifty-four countries and of those, fifteen of them are ranked in the top fifty countries on the World Watch List (Merritt, Jonathan). â€Å"Almost 5,000 Christians were killed while more than 1,000 Christian churches were attacked due to faith-based ideologies, with several African countries seeing the largest increase in Christian persecution, an annual report on religious freedom said† (Ruse Ribaya, Rio). Somalia, ranked number two on the World Watch List, has a state religion of Islam, and converting to any other religion is illegal. The Islamic extremist group known as al-Shabaab, monitor the countryShow MoreRelatedReligion And Its Impact On Society1310 Words   |  6 Pagessociety. Religion has been a major component of human culture since nearly the beginning of man. As we emerged as a high intellect species, we developed many different ideologies to answer some of our unanswerable questions. 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An exampleRead MoreDifferences Between Christianity And Roman Religion984 Words   |  4 PagesCheyenne Pichel HI 201 Christianity vs. Roman Religion There are many differences between Christianity and Roman religion. There are also similarities between the two of how they both worshipped in a place even if the place was different. Big difference is that they believed in gods and also they had different ways of religious. Roman did not like people turning away from Roman religion, and that caused harsh punishment to Christian to occur. Christianity became popular in Rome is afterRead MoreComparing Pagan Romans And Christians Essay1107 Words   |  5 Pagesthe 2nd 3rd C.E. Introduction: What relationship did the Christians and Pagan Romans have with one another? Explain emperor Nero, and his part in how the persecutions began on a higher level. Glimpse of some of the accusations Christians went under. B. Introduce Primary source Pliny and his letter to Trajan. 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External Dispute Resolution in Energy Market MyAssignmenthelp.com

Question: Discuss about the External Dispute Resolution in Energy Market. Answer: Introduction: The short essay described according the above statement related to the Alternative dispute resolution (ADR). ADR is process of resolving all the disputes related with family, business, and consumers before that goes to a court or tribunal. Parties use the ADR methods for a quick result which also private and less expensive than trial. Alternative Disputes Resolution provided the benefits according the process of Mediation, Expedited Arbitration, Expert Determination, Negotiation and Conciliation (Ag.gov.au 2017). Alternative Dispute Resolution (ADR) is the resolution of disputes where an independent person who can be an ADR practitioner, helps people to sort out any kind of disputes in between them. It is help to solve any disputes before it process to a court or tribunal (Benvenuti Consults and Whiteman 2016). ADR has work as a third person, which never relates with the decision made by a court or tribunal. Resolving disputes process when fails to perform, ADR offers solving ways to consumers (Ag.gov.au 2017). Alternative Dispute Resolution (ADR) has the most common principles of accessibility, independence, transparency and cost. In international sector OECD E-commerce, produce safe guidelines for ADR, which give best resolution of the dispute (Ag.gov.au 2017). The International Standards Organisation (ISO), which is one of the most successful ADR, develops their standards and growth on dispute resolution. In national sectors, some OECD member countries also developed the resolution of disputes in ADR schemes. Like in the year 1997, the Australian Government introduced Benchmarks for Industry-Based Customer Dispute Resolution Scheme, which developed their industries through dispute schemes, consumers groups, government and enforcement authorities (Ag.gov.au 2017). The National Alternative Disputes Resolution Advisory Council (NADRAC) has also growth their standards and principles of ADR with government and private sectors (Ag.gov.au 2017). In this process parties can learn their aims and interest about each other ADR always provide proper model of resolving disputes, which helps people in future to operate disputes. Increase the controlling participation process and give suitable results. Helps to work according the participants need where they invest their time and efforts. Helps for provide a clear and fair process. Mediation: This is a process where parties can operate with an individual mediator. They listen to each other, work on the disputes and needs for resolve (Benvenuti , Consults and Whiteman 2016). A mediator can be suitable if they make a proper and respectful discussion, showing the safe presence for each other, able to control own outcome, maintain good relation, keep their discussion confidential and work according modern discussion. Expedited Arbitration: In arbitration process, parties can present or displays their facts to the arbitrator who acts as an individual person. This is a basic formal process than mediation. Here, parties can involved directly and broadly for producing their facts or evidence to a dispute resolution practitioner (Benvenuti , Consults and Whiteman 2016). It has own consensual nature. In arbitration, parties must agree to fix their differences according the disputes (Donaldson 2014). It must be a private procedure where the arbitrator must non-governmental and never involved with the state court system. The proper flexible process should apply on the dispute solution. Arbitration process always showed determination of rights towards the parties. Expert Determination: It is a procedure where disputes cam be comply between parties according the agreement or contract. The determination must be irrevocable. Negotiation: Negotiation is another form to resolve disputes in ADR. Listen to both parties and recognized important issues Develop on the dispute issues Fixed a goal to work according the agreement Only produce final decision after the end of negotiation. To look after when and how the negotiation process took place and made the decisions. Consult with the negotiator for communicates directly or assisted by any representative. Its duty of a negotiator, to communicate with the parties before process the negotiation. They set a proper procedure before processing the negotiation process. They must be faithful to their work and perform properly for dispute issues (Creutzfeldt 2014). They always give the outcome which always beneficial for the parties. Conciliation: In ADR, the parties can conciliate with a conciliator for solving the dispute issues (Creutzfeldt 2014). Its work according: Listening to both the parties and work for the disputes According the both parties consultation toward the agreement and work properly Develop or flourish issues for resolving the disputes Collecting expert advices and legal consequences Conciliation can be appropriate when parties want to involve a third party for resolving the disputes. Conciliators have also some duty toward the people. They also work as mediator (Creutzfeldt 2014). The Alternative Dispute Resolution gives their services in Australia for providing their separate assignment for resolving the issues. It has developed their aspects in industries for domestic and international business (Creutzfeldt 2014). ADR not only work with industries but also resolve the issues in commercial, family and workplace disputes which is cheaper, faster, and comfortable which is better that going to court or tribunal. The ADR has already given their services toward the industries from last five years in Australia. The industries growth their business aspects with the involvement Of ADR and resolve the disputes for a better future in business industries (Donaldson 2014). In addition, the litigation of excessive cost and growth of business help the country for settle their relation internationally. It always work confidentially which always help the country for doing better performance in business sector and never damage the relationships between them . Alternative Disp utes Resolution provided the benefits according the process of Mediation, Expedited Arbitration, Expert Determination, Negotiation and Conciliation. Since the Resolve to resolve report by the National Alternative Disputes Resolution Advisory Council ( NADRAC) has publishes in 2009 , the ADR had growth their promotions in at various levels of the government. At the Federal level, people resolve their disputes according the Civil Dispute Resolution act 2011. They took care about the disputes before that commence to a court or tribunal. ADR works with the issues with the consumer disputes. Here, consumer first complain or point out the disputes. Then if that fail to perform then consumer can choose an independent complaints body like the National Consumer Agency. In this agency, ADR works on disputes. Conclusion This assessment provides the information about how the Alternative Dispute Resolution works in resolving disputes. Their modern process of resolving applied not only Australia, but worldwide they works every disputes like family, organisation, business, consumer and every possible matter that disputes may resolve without going to a court or a tribunal. In that essay it is briefly described how ADR works internationally and domestic consumer transaction with the parties and as well as the resolving the disputes. Reference Alternative dispute resolution | Attorney-General's Department. [online] Availableat: https://www.ag.gov.au/LegalSystem/AlternateDisputeResolution/Pages/default.aspx [Accessed 18 Apr. 2017]. Benvenuti, J., Consults, J.B. and Whiteman, C., 2016. Consumer access to external dispute resolution in a changing energy market. Creutzfeldt, N., 2014. Alternative Dispute Resolution for Consumers. Donaldson, L., 2014. Alternative dispute resolution.ADR, Arbitration, and Mediation, p.91. Fiadjoe, A., 2013.Alternative dispute resolution: a developing world perspective. Routledge. Gill, C., Williams, J., Brennan, C. and Hirst, C., 2014. Models of alternative dispute resolution (ADR).A report for the legal Ombudsman. Queen Margaret University Retrieved from. Ipaustralia.gov.au. (2017). Alternative dispute resolution for Australian business | IP Australia. [online] Available at: https://www.ipaustralia.gov.au/about-us/news-and-community/news/alternative-dispute-resolution-australian-business [Accessed 18 Apr. 2017]. Mackie, K.J. and Mackie, K. eds., 2013.A handbook of dispute resolution: ADR in action. Routledge.Moens, G.A. and Evans, P., 2015. An Australian Perspective on Arbitration and Dispute Resolution in the Resources Sector. InArbitration and Dispute Resolution in the Resources Sector(pp. 1-5). Springer International Publishing. Spencer, D. and Hardy, S., 2014.Dispute Resolution in Australia: cases, commentary and materials. Thomson Reuters. Trakman, L.E., 2014. Investor-State arbitration: evaluating Australias evolving position.The Journal of World Investment Trade,15(1-2), pp.152-192.

Jeffersons Views On Education Essays - Thomas Jefferson,

Jefferson's Views On Education Thomas Jefferson's Views on Education Thomas Jefferson believed that universal education would have to precede universal suffrage. The ignorant, he argued, were incapable of self-government. But he had profound faith in the reasonableness and teachableness of the masses and in their collective wisdom when taught. He believed that the schools should teach reading, writing, and arithmetic. Also, the children should learn about Grecian, roman, English, and American History. Jefferson believed the nation needed public schools scattered around, for all male citizens to receive free education. By 1789, the first law was passed in Massachusetts to reaffirm the colonial laws by which towns were obligated to support a school. This law was ignored. Private schools were opened only to those who could afford to pay them. In the middle states religious groups opened most schools. Not many schools or institutions were opened to the nonwealthy people. The women, blacks, and Indians were not able to go to school. It was not until the early 1900's that the Nation began making academies for females, because government thought that they needed to be educated mothers to educate their children. Jefferson believed in the ?Republican Mother?. Later, many 19th century reformers believed in the power of education to reform and redeem- to release a blame or debt, to buy back- ?backward? people. As a result, they generated a growing interest in Indian Education. Jefferson and his followers believed that the Native Americans were ?noble savages?, they hoped that schooling the Indians in white culture would ?uplift?- to improve the spiritual, social, or intellect condition- the tribes. But the states and local government did little to support education. Unlike the women and Indians, blacks had no support at all. There were no efforts to educate enslaved African Americans, mostly because their owner preferred that they remain ignorant and this presumably less likely to rebel. By 1815 there were 30 secondary private schools in Massachusetts, 37 in New York, and many others scattered all around the nation. They were mostly aristocratic; they were not many that were public. Higher education similarly diverged from Republican ideals. The number of colleges and universities in America grew substantially; they went from nine of the time of the Revolution, to twenty-two in 1800, and after that increased steadily. Scarcely more than one white man in a thousand, had access to any college education, and those few who did attend universities were almost without exception members of prosperous, propertied families. Jefferson strongly believed that the nation's future depended, in great part, on the nation's education. He said in 1782, ?Every government degenerates when trusted to the rulers of the people alone. The people themselves, therefore, are its only safe depositories. And to render even them safe, their minds must be improved to a certain degree?. He believed that in order for people to trust the people who are in charge of their government, they need to have some kind of education, to be able to make decisions based on their knowledge. Jefferson also believed that there wasn't any freedom without education. He said, ? If a nation expects to be ignorant and free, in a civilization, it expects what it never was and never will be?. By this, he means that in order for the people to want a free nation and expect for great things to happen, they need to have some education. If they don't want an education, then they are just going to always dream and never get anywhere. The Connecticut school master and lawyer Noah Webster, said that the American schoolboy should be educated as a nationalist. ?As soon as he opens his lips?, Webster wrote, ? he should rehearse the history of his own country?. Every citizen was to be educated to some degree. For the less wealthy people, to also have some education. Jefferson believed that the nation really needed to have schools. He wanted for the poor and rich to have some kind of Education, not only for themselves, but also for the nation's future.