Essay about Pros and Cons of Embryonic Stem Cell Research

Most people are against Embryonic Stem Cell research mainly because they consider it unethical to use aborted fetuses for research. The two main issues concerning the research are the ethics (Cons) and the benefits (Pros). In any scientific case, ethics must always be considered. But the use of fetuses is something that is of the utmost importance. The costs are generally measured based off of people’s feelings, morals, and knowledge about the subject up for debate. The use of aborted fetuses for stem cell research may have many positive outcomes that can come of it, but many negative outcomes as well; If using aborted fetuses for research can, in the near future, save lives, then it is a research that should be supported, even though some†¦show more content†¦Just recently, in March of 2009, President Obama lifted the Federal ban on the funding stating: â€Å"At this moment, the full promise of stem cell research remains unknown and it should not be overstated. But scientists believe these tiny cells may have the potential to help us understand, and possibly cure, some of our most devastating diseases and conditions.† Obama believes, like many others, that this type of research, though ethically triggering, can improve the survival rate of some diseases and in turn improve the live span of many worldwide. â€Å"Medical miracles do not happen simply by accident. They result from painstaking and costly research, from years of lonely trial and error, much of which never bears fruit, and from a government willing to support that work.† Obama also understand that research like this can take years to produce a positive and worthwhile result, but in order to produce such a result, support is needed by both the government and the people. He understands the costs, but believes that the benefits outweigh them. (â€Å"Obama on lifting†¦Ã¢â‚¬ ) According to Dr. David Prentice, Ph.D., â€Å"newer technologies exist that allow creation of identical embryonic type stem cells without the use of embryos.† Dr. Prentice is arguing against using real-life embryos and would rather see the research be done on fake stem cells thatShow MoreRelatedThe Advantages and Disadvantages of Stem Cell Research Essay1197 Words   |  5 Pagescontroversy regarding the bioethical issues of stem cells and the pros/cons of its research. In order to understand the clash of opposing opinions on stem cells, it is important to know the root of stem cells, as well as their functions and scientific findings. â€Å"Stem Cells are very essential to develop organisms. They are non-specialized cells which have the potential to create other types of specific cells, such as blood, brain, tissue or muscle cells† (Experiment Resources, 2008). In addition, injuriesRead MoreStem Cell Type Is Best?1264 Words   |  6 PagesTopic: Stem research, whic h stem cell type is best? Umbilical cord stem cells or embryonic stem cells. General Purpose: To inform Specific Purpose: To inform the audience of the advantages and disadvantage of using embryonic and umbilical cord stem cells in research. Central Ideal: While medical researchers believe that the use of embryonic stem cells is their best option in research, others believe it to be unethical and immoral, and that umbilical stem cells are a good alternative to embryonicRead MoreEssay on The Pros and Cons of Stem Cell Research928 Words   |  4 PagesIntroduction This report aims to investigate the different views held on the pros and cons of development in stem cell research. This report will provide background to the debate, its social significance, parties that are involved and analysis of the arguments related to the topic researched. 2.0 The Issue and background to the debate Those who favour stem cell research are optimistic about the continued developments in stem cell research will open doors to many breakthrough discoveries in biomedical scienceRead MorePros And Cons Of Stem Cell Research1003 Words   |  5 PagesFoundations Ethics Stem Cell Research Stem Cell Research Explorable.com 1.6M reads 32 Comments Printer-friendly versionSend by emailPDF version Pros And Cons in Research The debate of the pros and cons of stem cell research clearly illustrate the difficult ethics evaluations researchers sometimes must do. All scientists must consider whether the positive effects from their research are likely to be significantly higher than the negative effects. What are Stem Cells? Stem Cells are crucial to developRead MoreWhat Are Unethical About Stem Cell Research?956 Words   |  4 Pagesestablished the theory that every cell comes from a precursor cell. Maximow was deeply involved in histology, the study of plant and animal tissue. Being the first to show that blood cells come from a common precursor cell, he is given the most credit in discovering what is known as stem cells (source #7). Stem cells have the ability to change into other cells such as blood, bone, tissue, and muscle cells. Researchers are trying to better understand these foundation cells to create cures and treatmentsRead MoreThe Legislative Process And Healthcare Lobbying883 Words   |  4 PagesHealthcare Lobbying The use of embryonic stem cells for research has been a controversial issue for many years. There have been benefits and risk toward the use of stem cells. The purpose of this paper is state the argument of both sides, how laws are brought into act, the position the state of Florida legislation has against using embryonic stems cells, how nurses can benefit being a health care policy advocate, and the position I chose in regards to fetal stem cell research. The Legislative Process LawsRead MoreThe Heated Debate Concerning Stem Cell Research Essay1043 Words   |  5 PagesStates, research has become a viable tool for sustaining and prolonging human life. As research evolves, it brings along with it much controversy, especially where stem cell research is involved. Stem cell research can bring new insight to today’s medical field. This may be the way of finding solutions concerning many health injuries and diseases which would diversely be thought of as implausible. Thoughts can be influenced by Deborah White, in Pros Cons of Embryonic Stem Cell Research, â€Å"EmbryonicRead MoreEssay about Opening the Door to New Life922 Words   |  4 PagesStem cell research is an important way to enhance the quality of life. Many people believe that stem cell research offers a tremendous amount of potential in medical science, such a topic deserves scrutiny though ethical lenses. The controversy over whether it’s right or wrong will surely continue to go on for many more years and perhaps even decades. Stem cells should be researched and should be allowed, because the possibilities it could provide are endless. To fully grasp the controversy onRead More Embryonic Stem Cell Research: How does it affect you? Essay1557 Words   |  7 Pages Embryonic Stem Cell Research: How does it affect you? nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Embryonic stem cell research is widely controversial in the scientific world. Issues on the ethics of Embryonic Stem (ES) cell research have created pandemonium in our society. The different views on this subject are well researched and supportive. The facts presented have the capability to support or possibly change the public’s perspective. This case study is based on facts and concernsRead MoreEssay on The Controversy Surrounding Stem-cell Research634 Words   |  3 PagesStem-cell research is a complex subject. First of all you need to know there are three main categories of stem cells. Embryonic, Fetal and Adult; not everyone is for or against all of these types. There are different sets on pros and cons to each of these types and I will address a few for each type. I believe the pros outweigh the cons in each of these and stem cell research is very beneficial for medical purposes. The term ‘stem cell research was first used by gist Alexander Maksimov, a Russian

Lastminute Ipo And Subsequent Performance Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 1972 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? The short-run underpricing and long-run underperformance of initial public offerings (IPOs) are the best documented anomalies in finance. This paper investigates if these anomalies exist in the aftermarket performance of the IPO of an internet-based company, Lastminute.com plc. Further analyses are then carried out to explain the performance results. Don’t waste time! Our writers will create an original "Lastminute Ipo And Subsequent Performance Finance Essay" essay for you Create order Evidence are presented that the companys IPO exhibits positive abnormal returns on the first day of trading. There are several theories of underpricing do not apply in explaining the short-run performance of the company. The long-run underperformance of IPO, which found in previous research, is not supported by the evidence of this study. The main problem of the long-run performance investigation is the difficulty of justifying systematic long-run underperformance in a reliable manner, especially during the bubble period. Declaration This project is entirely my own and includes nothing that could be interpreted as plagiarism of any other published or unpublished research or of any other students unpublished work. 1. Introduction Numerous studies have documented two well-known anomalies in initial public offerings (IPOs). One is that the IPOs provide large positive abnormal returns in the initial days of trading (Ritter, 1987; Levis 1990). This anomaly has been observed in almost every finance markets of the world. The other puzzle is IPOs appear to be overpriced in the long run. For example, Ritter (1991) provides evidence that US IPOs significantly underperform in the 3 years following the offering. However, the international evidence on the long-run performance of IPOs are less extensive and unanimously conclusive than the one on underpricing. The purpose of this study is to investigate the short-run as well as the long-run performance of an internet-based company, Lastminute.com plc which floated before dot-com bubble burst by using the event study methodology on IPOs. Besides, this clinical study provides further analyses and possible explanations for the observed results of the analysed firm based on the theoretical models in academic literature. I use market adjusted abnormal returns (MAARs) to measure short-run performance and the intercept from Fama-French (1993) three-factor model, i.e. Jensens alpha ( to measure average monthly abnormal return for different periods in the long run. These returns are adjusted by different benchmarks. Moreover, buy-and-hold abnormal returns (BHARs) are computed as a complementary analysis for the results from the Fama-French three factor model. To summarize the empirical findings of this paper, first, the results provide evidence supporting the general robustness of the prior finding with regard to the short-run underpricing of the Lastminute.coms IPO. There is significant and abnormally high first day return for the studied firm regardless the selection of benchmark. The short-run performance appears to be best explained by the high speculation level over the issue. The Rock (1986) model, the signalling hypothesis and the underwriter p restigious hypothesis are not the appropriate elucidations for the abnormal initial return results. Second, unlike previous research, the interesting finding is an inverse relationship between the periods after the firm floated and its poor post-IPO performance. The results from Fama-French three-factor model are not consistent with the initial prediction based on the academic literature. I find that Lastminute.com outperforms the market indices in the long run in spite of the signs of underperformance in the first year of trading. Results also show that the company performs better than other technology companies when the period tested is longer than 1 year. These results, nevertheless, are all statistically insignificant and therefore it concludes that the company of interest does not exhibit abnormal performance in the long run. Furthermore, the earnings management analysis does not indicate that there are accounting manipulations in the firm prior to the flotation. The dot- com bubble period, 1999-2000 period is extraordinary for the simple fact that both valuations and underpricing of firms simultaneously skyrocketed. It is important to note that Ljungvist and Wilhelm Jr. (2002) provide some evidence for the unique firm characteristics and aberrant pricing behaviour during the period. This paper, however, does not intend to examine the effect of the bubble on asset pricing and investor behaviour. I leave this for other researchers. The rest of my paper is arranged as follows. Section 2 provides the background for the studied firm. Section 3 reviews the IPO academic literature on short-run underpricing and long-run underperformance. Section 4 describes the data, methodology and hypothesis used in the investigation. Section 5 set out the short-run results and analysis. Section 6 set out the long-run results and analysis. Section 7 discusses the limitations and possible future research for the paper. Section 8 concludes the paper. 2. Background of the clinical study The company under investigation, Lastminute.com plc is an online travel agency and e-tailer which specialises in selling inventory such as package holidays, flights and consumer products at cut-rate prices to website customers. It was founded by Martha Lane Fox and Brent Hoberman in 1998. The site became an instant hit with internet travelers, garnering enough business and rapid growth to allow the company to offer stock on the London Stock Exchange in March 2000. The purpose of the offering, according to its prospectus, was to raise approximately  £113.5 million. Half of the amount would be used to increase sales and marketing activities, and the remaining for product development and expansion such as broadening supplier base, potential acquisition in UK and internationally. In addition, the company acknowledged in the prospectus that it was not profitable and expected to incur future losses. The major risk factors were reliance on third parties, intense competition and e-com merce uncertainties. Lane Fox and Hoberman became the icon of UK internet business entrepreneurs during the British dot-com boom. The company timed its launch to perfection and floated at the peak of the internet bubble. The issues received high interest of public and the share price spiralled as high as 555p from the offer price 380p on the first day of trading. Following the bubble burst, subsequently, Lastminute.coms stock sank and lost nearly half of its value within three weeks. Lastminute.com, however, unlike hundreds of other first-wave internet companies, it survived the bubble burst and stock market clash in 2001. Moreover, it continues to thrive and grow through expansion and shows reducing loss in its financial accounts. Lastminute.com is still considered as one of the few successful internet-based businesses in the relatively unstable world of internet. 3. Literature review 3.1. Empirical evidence and theories of short-run IPO underpricing A number of studies indicate the mispricing of IPOs which tend to yield substantial returns in the days immediately following issue. Stoll and Curley (1970) are the avant-garde to show the systematic abnormal first-day returns of IPOs. Substantial international evidence show that IPO underpricing has become a worldwide phenomenon. For British IPOs, the studies of Dimson (1979), Buckland, Herbert and Yeomans (1981), the Bank of England (1990), Jenkinson and Mayer (1988) and Levis (1993) exhibit average first day returns ranging from 8.6% to 17%. Ritter (1987), Welch (1989), Ibbotson, Sindelar and Ritter (1994) and Rajan and Servaes (1997) provide evidence suggesting that the existence of average initial returns of up to 16% has been a regular feature of the US new issue market. Lee, Taylor and Walter (1994), Jacquillat (1986), Kaneko and Pettway (1994) and Ljungqvist (1997) among others provide evidence of abnorma l returns of up to 14% in the developed markets of the world such as Australia, France, Japan and Germany. The literature abounds with a variety of conjectures that purport to explain the observed underpricing in IPOs based on the economic realities in the marketplace. Rock (1986) model provide a fundamental and convincing explanation for IPO performance by applying winners curse hypothesis to the new issue market. The model classifies investors as either informed or uninformed. The former are those who spend to assess the potential performance of the new issue, whereas the latter do not spend resources on the evaluation of the stock. Informed investors tend to crowd out uninformed investors for the underpriced and possibly lucrative issues. Consequently, uninformed investors hold a disproportionately large amount of overpriced IPOs, as informed investors may not subscribe. Uninformed investors would leave the market as they would systematically make losses. In order to keep the uninformed investors in the IPO market and to compensate their expected losses, the investment bankers have to offer the securities at discounts from their expected after-market prices. The studies by Koh and Walter (1989), Keloharju (1993), and Levis (1990) produce results that are consistent with and thus add further weight to the Rock model. Some theories propose the underpricing as a signalling mechanism of the firm quality. Allen and Faulhaber (1989) conclude that IPO underpricing is a credible indication of a firms post issue prospects. It is assumed that the underpricing in the firms initial offering is an immediate loss to the initial owners and companies with favourable position and performance in the after-market will be able to recoup the loss. These good companies underprice their IPO, because by doing so they direct investors to a favourable subsequent dividend results. Nevertheless, the assumption that company directors are willing to accept the initial loss on the IPO and renounce larger potential funding is doubtful in practical realities of market. Ritter (1984) suggested that gross underpricing may be a result of the monopsony power of the investment bankers in underwriting common stocks of small speculative firms. These investment bankers intentionally underprice the securities and only are allocated to favoured large customers who regularly buy a variety of investment services from the investment bank and thus pay unusually high brokerage fees. Tinic (1988), however, found evidence that the monopsony power hypothesis is not adequate for explaining underpricing behaviour. Johnson and Miller (1988) advance another explanation for underpricing. They analyse the prestige of underwriters and the level of underpricing. The finding is that the greater the underwriter prestige, the lower the degree of underpricing and it also works in the opposite way. This suggests the more prestigious banks require less underpricing to attract investor i nterest because they deal with lower risk issues. Beatty and Welch (1996) challenge the underwriter prestige hypothesis and show the inverse relation recently reversed for small firms. Muscarella and Vetsuypens (1989) find that investment banks themselves that go public are underpriced as well. The speculative bubble hypothesis claims that large excess returns of the IPOs are attributed to the investors who could not get allocations of the oversubscribed new issues from the underwriters at the offering prices. The speculative appetites of these investors then speculate temporarily inflating the price of the new issues in the aftermarket. When speculative demand diminishes, this speculative bubble should burst and negative excess returns are expected on the post-IPO share. Tests on aftermarket returns by Ritter (1984) and Tinic (1988) could find no evidence supportive of this hypothesis. Tinic (1988) and Hughes and Thakor (1992) argue that IPO underpricing used as a form of ins urance to reduce legal liability by both issuers and underwriters. This theory implies that a greater degree of underpricing occur to prevent investors experiencing significant losses on IPOs, as a result they are willing to neglect small errors such as omission of data, inadequate nature of data supplied for the disclosure requirement and thus not led to legal actions. However, Drake and Vetsuypens (1993) criticize and reject this hypothesis by showing evidence that underpriced IPOs are just as likely to be sued as overpriced IPOs and that there is no significant difference in underpricing between sued and non-sued firms. 3.2 Empirical evidence and theories of long-run underperformance The long-run underperformance of IPOs is a well-known perplexity in IPO literature and has attracted much attention from either investors or academic researchers in recent years. From an investors viewpoint, the existence of price patterns may present opportunities for superior returns using ac tive trading strategies. A finding of non-zero market performance would also call into question the informational efficiency of the IPO market which proposes after-market stock price should appropriately reflect the shares intrinsic value. Several authors have examined the returns on IPOs during the three years after going public for a number of countries. The international evidence of long-run underperformance is summarized in Table 1. Table 1 International Evidence on Long-run IPO Overpricing Country

The Tell Tale Heart By Edgar Allan Poe - 1644 Words

Edgar Allan Poe was a prominent American writer whose writing reflected his tragic life. He began to sell short stories for profit after being forced to leave United States Military Academy for lack of financial support. Over the next decade, Poe published some of his best-known works, including The Fall of the House of Usher (1839), The Raven (1845), and The Cask of Amontillado (1846). It is in these stories that Poe established his unique dark writing style that often have the recurring theme of love and death, syncing with his own sorrow. Already faced poverty, Poe’s life descended even further when his young cousin-wife was found with tuberculosis, the disease that had already claimed Poe’s mother, brother, and foster mother. However,†¦show more content†¦Again, the narrator insisted that he is not crazy because his homicide was so carefully planned in which no madmen could have plotted. He secretly observed the old man’s sleep for a week straight, b ut felt frustrated when the old man would not open his eye at sleep, preventing the narrator from killing him, since the vulture eye is the only motivation for this murder. On the eight night, the narrator made noises that made the old man open his eyes. Watching the neighbor awake and frightened, the narrator understood and enjoyed old man’s terror. Subsequently he dragged the old man to the floor, pulled the heavy bed over him, and eventually dismembered the body under the bedroom floor. As he finished his job, three police showed up at the door. The narrator invited them into the house with an impeccable composure. Proud of his perfect murder, the narrator even sat the police at the crime scene, where the old man’s corpse still remained. The police suspected nothing; however, as the conversation continued, the narrator started to hear a terrible noise that gets louder and louder. These noises disrupted narrator’s confidence as he became more paranoid that the police are only here to mock him as they had already discovered his crime. Deranged by the sound, the narrator ultimately confessed his crime to the officers and begged them to tear up the planks, hoping it would stop â€Å"the beating of the (old man’s) hideous heart† The protagonist of this story is an

CEET(Electronics Electricity) Example

Essays on CEET(Electronics Electricity) Coursework Stepper Motors A typical stepper motor has four coils evenly spaced around the field and a permanent magnet armature. If any combination of field orientation can be generated by controlling which coils are turned on, and which direction current flows through each coil, how many different steps or positions can the motor have per revolution? Considering that the motor has 4 different positions of which will discuss them in order to determine the number of the different steps or rather positions that the motor has in one revolution. The illustration of the 4 frames is shown below where the electromagnets are the 4 inner blocks with 4 teeth each. The electromagnets are numbered, electromagnet 1(one labeled 1 and is blue). The next electromagnet is electromagnet 2 which is next to electromagnet 1 in the clockwise direction. Then, have electromagnet 3 and electromagnet 4 in the same clockwise direction. Fig 1. Figure shows the step motor In position 1, the electromagnet 1 which is on top is turned on; it attracts the teeth on the iron rotor gear (red in color). In this way, the gear teeth are aligned to the electromagnet 1. In position 2, electromagnet 1 is maintained as on while electromagnet 2 is powered making the 2 to be on. This aligns the gear teeth between electromagnet 1and electromagnet 2 resulting to a 45 degrees rotation. In position 3, electromagnet 1 is powered off; this will result to alignment of rotor with the electromagnet 2. This leads to an addition rotation of 45 degrees. The moment electromagnet 1 on top is powered again; the rotor will have undergone 8 steps comprising each of 45 degrees. This is due to the fact, the rotor has to go complete revolution which is 360 degrees; it will thus cover (360/45) = 8 steps to make a complete rotation.For the stepper motor shown in problem 3, draw a pulse train for the four coils that will rotate the motor in eight 45 degree steps all the way around the motor. For each step covered by the coil that transla tes to one pulse so since the coil undergoes 8 steps the pulse train will contain 8 pulses as shown in the diagram below.Fig 2. Shows the 8 pulses of a pulse train for the 4 coilsWork cited1. â€Å"Integrating PC- based logic and motion control† White paper, Entivity I Incorporation2. Benjamin C, Kuo. â€Å"Incremental motion control-step motors and control systems†, 19793. Technical paper â€Å"Introduction to stepper motor system†. Anaheim Automation Corporation4. Douglas W. Jones â€Å"Control of stepping motor. Tutorial† http://www.cs.uiowa.edu/~jones/step?types.html5. http://www.sdp-si.com/D220/PDF/D220T155.pdf6. Susan Weinscheck, Pamela Jamar, Sarah C. Yeo. â€Å"GUI design essentials†. 19977. Randolph J. Andrews. â€Å"Motion control terminal blocks: the next step in distributed motion control†, Incremental Motion Control Systems and Devices Symposium, 19998. Parker Hannifin Corporation technical paper. â€Å"Linear motor basics†9. www.Compumotor.com. Retrieved on 19th March 2013.10. www.motorola.com. Retrieved on 19th March 2013.

The Black Rider Essay Example For Students

The Black Rider Essay As I recently screened a video for my students of Robert Wilsons celebrated Hamburg production of The Black Rider I had seen a performance two summers ago at the Vienna Festival, where Wilson adapted it for Austrian television I was reminded of what a loss it was for American audiences when the appearance of this remarkable work at the Brooklyn Academy of Musick in 1991 had to be canceled for financial reasons. The good news is that The Black Rider is still running in repertory once or twice a month at the Thalia Theater in Hamburg. The collaboration with novelist William Burroughs (text) and singer-composer Tom Waits (musics and lyrics) i quite nontraditional Wilson. For one thing, the runnng time is only two-and-a-half hours. For another, its a musical, and it is fun so much shameless, reckless fun that it has prompted some concern among German critics: Who could imagine German audiences, respectable Hamburg burghers to boot, jumping to their feet and screaming with delight after each performance? Has Wilson, theatrical genius, lone visionary of the esoteric and the sublime, finally succumbed to pupular taste and the pleasures of entertainment? Has he, like young Wilhelm in his production, sold his soul to the devil? As one respected commentator suggested, at the very least Wilson has sacrificed the soul of his quintessentially German source material, a darkly romantic legend set in the depths of a forest haunted by ancestral guilt and nightmarish visions. (The story also provided the libretto for Carl Maria von Webers popular Romantic opera Der Freischutz.) A bookish young man makes a pact with the devil in order to prove himself as an accomplished hunter, the prerequisite for marrying the foresters daughter. He receives 60 magic bullets guaranteed to hit his targets, but the lastt shot belongs to the devil. At the end, the devils bullet stikes the young maiden. At the core of Burroughss playful adaptation is a parable with many ironic autobiographical resonances about the making of a shooting addict, a bullet junkie who ends up killing his bridge. Legends have grown up around Burroughs himself and his involvement in what was reportedly a William Tell-style shooting game in which he accidentally shot and killed his own wife. But whatt make this production more remarkable, particularly in these times of global preoccupation with multiculturalism, is the consistent emphasis on its binational premise, often with hilarious results. The excellent German translation casually slips into the American vernacular to complete a rhyme or a pun, such as: Put down a pen/put up a gun/ easy said und schwer getan, or Der und mein/ das kann nicht sein/ hes such a piece of slime. In the process, classic quotations, limericks and the sorts of sayings found on Hallmark cards as well as on Edelweiss-framed Bavarian souvenir plates are gleefully subverted to debunk cultural icons on either side of the Atlantic. All the lyrics are kept in English. When the German actors sing and deliver the punchlines in their heavy accents, with all the intesity of their classical training, they seem almost unwittingly to parody themselves. At the same time there are sharp impersonations of Las Vegas, rock and media idols, in the (sacriligiously appropriated) spirit of Brechtian alienation techniques. Punctuated by Waits wildly eclectic music, Wilsons German-American Uber-musical celebrates with endearing irony a wide range of dramatic genres andd aesthetic conventions, notably German Romanticism in its various manifestations, from operatic kitsch to expressionist movies. Musical leitmotifs transform Eisler and Weill, Irish and Yiddish folksongs. Variations on Western movie scores and teasing tributes to vaudeville, music halls and silent movies undermine the storys various cross-cultura myths of true love, high art and masculinity. There are echoes of Grimm fairy tales and Lewis Carroll in the oversized abstracted furniture pieces that expand into gigantic archways, and traces even of Peter Schumanns Bread and Puppet Theater in the story-book silhouette of the enchanted forest with its cut-out animals suspended on a clothesline suggesting a shooting gallery. The lush tableau of the foresters daughters nightmares filled with ominous creatures dissolves in the silence of a dreascap e that is superlative Wilson. Unlike most transfers of stage production to the screen, Wilsons immaculately filmed and edited TV version not only conveys the full scope of the live performance; it stands on its own as a brilliant video production. It is most revealing to watch Wilson the film director read his own work as he isolates and reconnects images, symbols and minute visual details that on stage are easily overwhelmed by his design. The Black Rider is Wilsons most sensuous work, testifying to his great love for theatre in all its manifestations. Watching the video with my students, I couldnt help falling in love with the generous spirit conveyed by the music, the text, the direction and in the superb performances by the German actors (all members of the Thalia Theaters resident company). At the beginning of the show, they appear, one after the other, out of a big black box which could also be a coffin. They are conjured up by the devil, a slender androgynous figure played by Dominique Horwitz. Sporting a daintily mischievous limp, this magical young actor has the sexiest smile and the most seductive eyes that ever cracked through heavy white make-up. He manages to invest even his leprechaun ears with a delicious eroticism. At the end, the figures line up against squares of canvas hung on a clothesline for a frantically condensed rerun of previous scenes and then disappear into the box like scarves and birds in a magicians fist. Only the devil is left on stage. He teases us with the opening bars of I just a little devil before he goes into a melancholly song about the last rose of summer. Leave it to the Germans to agonize over whether this is the ultimate in postmodern irony or sentimental kitsch. All of us left the screening room stage-struck like kids who had just seen their first big Broadway show. If thats high treason for any serious student of theatre, what does it bode for Wilson himself? Is the grand master of post-literary theatre mellowing into a master storyteller? The answer may be learned next year, when the Thalia Theatre presents Wilsons newest collaboration with Tom Waits Alice in Woderland. Unfortunately, American audiences wont have the opportunity to follow Wilsons tantalizing transformations through the Hamburg looking glass. .u97acc5ee602725eb692386b5ef95afee , .u97acc5ee602725eb692386b5ef95afee .postImageUrl , .u97acc5ee602725eb692386b5ef95afee .centered-text-area { min-height: 80px; position: relative; } .u97acc5ee602725eb692386b5ef95afee , .u97acc5ee602725eb692386b5ef95afee:hover , .u97acc5ee602725eb692386b5ef95afee:visited , .u97acc5ee602725eb692386b5ef95afee:active { border:0!important; } .u97acc5ee602725eb692386b5ef95afee .clearfix:after { content: ""; display: table; clear: both; } .u97acc5ee602725eb692386b5ef95afee { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u97acc5ee602725eb692386b5ef95afee:active , .u97acc5ee602725eb692386b5ef95afee:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u97acc5ee602725eb692386b5ef95afee .centered-text-area { width: 100%; position: relative ; } .u97acc5ee602725eb692386b5ef95afee .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u97acc5ee602725eb692386b5ef95afee .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u97acc5ee602725eb692386b5ef95afee .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u97acc5ee602725eb692386b5ef95afee:hover .ctaButton { background-color: #34495E!important; } .u97acc5ee602725eb692386b5ef95afee .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u97acc5ee602725eb692386b5ef95afee .u97acc5ee602725eb692386b5ef95afee-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u97acc5ee602725eb692386b5ef95afee:after { content: ""; display: block; clear: both; } READ: Seers on the rim Essay

Monitor Corporate Governance Activities for ABC - myassignmenthelp

Question: Discuss about theMonitor Corporate Governance Activities for ABC Learning. Answer: Introduction ABC learning was recognised was recognised for its excellence in providing early childhood educational services. The listing of this company was seen in Australian securities exchange with total market capitalisation of AUD $2.5 billion as on March 2006. The company faced sub-prime mortgage crisis due to debt repayments and signing off on the financial reports citing which needed to be casted as per previous years of the profits (McGrathNicol, 2017). Determination of whether organisation complied with the existing legal and accounting standards It has been discerned that the main accounting standards complied by ABC learning during the period of 2007-2008 was as per Corporations Act 2001. It has been further determined that the remuneration report was prepared as per section 300A. The presentation of the financial statements where done as per accounting standards AASB 101 (Asic.gov.au, 2017). Accessing of the audit reports, the methodologies applied and the recommendations The conduction of the audit has complied with the independence requirement of Corporations Act 2001. The financial report of A.B.C learning has been conducive in presenting a true and fair value of groups financial position as on 30th June 2007. However the main concern was arise due to the dramatic expansion which ultimately led to company being defunct. In addition to this, the company was pleaded guilty for failure to enclose and was fined with an amount of $ 1300. The consolidation of the financial report is also seen to comply with international financial reporting standards as per the disclosures made in Note 1. As per the recommendations made by the auditors on AASB 124 the remuneration disclosure has been contained in the directors report. As per the opinion of the auditors it has been discerned that the company is subject to audit and complied with the aforementioned accounting standards (Ferrierhodgson.com, 2017). Review of internal organisational practices along with corporate governance obligations The review of the internal organisational practices has been identified with the corporate governance statement. Some of the main obligations of corporate governance have been discerned with commitment for spending sufficient time in carrying out the necessary duties as a director, maintaining confidentiality with the legal requirements and ethical standards and continuous disclosure of coordinating with the ASX rules of the company. Some of the other form of internal organisational practices has been discerned in form of giving independent professional advice and regular performance review and evaluation. Identification of appropriate regulatory authority Some of the main forms of the regulatory body of the company have been identified with Regulation Impact Statement (RIS), which is responsible for providing financial information to assess and monitor the financial viability on a regular basis. This is also responsible for creating new aesthetic power for enabling independent audit of childcare provider and associating the concerns about financial viability. And the regulatory authority has been discerned with new National Quality Framework (NQF) for the purpose of early child care and education. This has been identified with a total funding of $ 1.9 million to help achieve the ongoing stability in childcare facilities. The various types of internal role have been assessed with external management consultants and the audit committee. Reviewing the content of internal financial reports, statutory returns and processes As per the review of the internal financial reports and statutory return has stated on the $ 1.78 billion loss in the financial year 2008, although the company was in the position of insolvency in the mid 2007 itself. The final drafts for the FY June 30, 2008 has resulted in total impairment charges of $1.168 billion, and a $364 million loss due to the disposal of the majority stakes in the US business in ABC. Performance indicator signifying compliance with corporate governance requirements Based on the findings of the performance indicator it has been discerned that the company is seen to comply with setting and formulation of appropriate strategy for the operations. The company has been further identified to review the entire system as per the compliance control and adherence with the accountability systems. It has been further identified to be associated with appropriate measures related to delegation of authority. Some of the other areas of the CG practices as per the performance report have been evident with providing formal policies for the appointment of the directors and contribute to the expectations. Revealing made in performance indicator of the company with regard to key result areas On 12 December 2006 ABC learning centre was identified as the largest childcare provider in US. In addition to this, with the acquisition made in U.K.s Busy Bees Group, Ltd, the companys expansionary measures were seen to be aggressive in outsourcing of childcare services and including employees from Australian Department of defence. On March 2008, the company announced major sponsors as Adelaide 36ers an further sold their 60% of childcare business to Morgan Stanley. Built on the performance indicators, the company voluntarily liquidated in the same year and was acquired by good start childcare in December 2009. It has been further seen that the company was rebranded as good start "Goodstart Early Learning", and registered charity owned by Brotherhood of St Laurence, Mission Australia, The Benevolent Society and Social Ventures Australia. Evaluating information technology indicators along with key result areas The key use of the information technology has been performed with distribution of dividend as per date paid, dividend per share and total dividend. The company has been further seen to protect the groups financial asset and adverse market fluctuations by hiring of a special personal for IT. The directors performance has been further seen to be structured in an orderly manner with the use of information technology. This is evident with including elements of remuneration and adherence of the same as per non-executive directors, the directors and Australia senior executives. Report plans needed to ensure compliance requirements are met within the deadline As per the compliance requirement, the companys income statement and interest expense has been classified in the balance sheet and the convertible preference shares were converted to ordinary shares within the same time period. The developers of the business took the initiative of purchasing Judas private limited with the diary getting worse pricing of not less than $ 26.8 million. This has been seen to be adjusted as per five-year CPI (Rlf.com, 2017) Description of main failures in compliance which have occurred and remedy for the same The company was identified as one of the largest publicly listed childcare service provider with market capitalisation of more than $ 4.1 billion. However, there was an unexpected drop of 42% profit in 2007 and inability to repay a debt amount of $ 1.8 billion which finally triggered the downfall of the company. The main remedy for this could have been taken with a more stringent policy for estimating the date for a particular financial year and improving the liquidity aspects such as keeping more current assets than current liabilities (Mondaq.com, 2017). Conclusion The report has been able to establish the fact that although ABC learning centre and adhered to the appropriate accounting standards and internal corporate governance structure, there has been several controversies associated to increasing debt servicing obligations and auditors failing to sign of its accounts. The main form of problem was seen with reliance on external capital supported equity ended investors and further leading to liquidity crisis. The CG practice of ABC learning centre has been further identified to review the entire system as per the compliance control and adherence with the accountability systems. References ABC Learning | ASIC - Australian Securities and Investments Commission. (2017).Asic.gov.au. Retrieved 9 November 2017, from https://asic.gov.au/about-asic/media-centre/key-matters/abc-learning/ ABC Learning Centres Limited - McGrathNicol. (2017).McGrathNicol. Retrieved 9 November 2017, from https://www.mcgrathnicol.com/case-studies/abc-learning-centres-limited/ Asic.gov.au. (2017).ABC Learning | ASIC - Australian Securities and Investments Commission. [online] Available at: https://asic.gov.au/about-asic/media-centre/key-matters/abc-learning/ [Accessed 9 Nov. 2017]. Easy as ABC Insolvency and the Relation-Back Day - Insolvency/Bankruptcy - Australia. (2017).Mondaq.com. Retrieved 9 November 2017, from https://www.mondaq.com/australia/x/251926/Insolvency+Bankruptcy/Easy+as+ABC+Insolvency+and+the+RelationBack+Day Ferrier Hodgson - ABC Learning Centres Limited. (2017).Ferrierhodgson.com. Retrieved 9 November 2017, from https://www.ferrierhodgson.com/au/creditors/abc-learning-centres-limited Third Circuit Affirms Chapter 15 Recognition of Australian Liquidation Proceeding as Foreign Main Proceeding - Richards, Layton Finger - Delaware Law Firm. (2017).Rlf.com. Retrieved 9 November 2017, from https://www.rlf.com/5402