This Tale On The Exterior Is A Kid’S Narrative That Rushdie

This tale on the exterior is a kid’s narrative that Rushdie composed for his 11-year-old son. After comprehensive study nevertheless, the book materializes as a mockery on the restraints levied on the privilege of expression. It is about a young boy known as Haroun whose father is an esteemed storyteller but loses the propensity after his wife runs off. He desires to revive his dad’s capabilities of imagination, and so he commences on a fabulous trip, which leads him to another world, where there is discord between speech and stillness. He connects with amazing beings who turn into his associates, and he later gets hooked in the strife of expression versus silence and also the struggle to rescue fables of the world. In the closure, he†¦show more content†¦The second of the moon detached itself automatically in two halves: â€Å"The Gup area had sunshine throughout, while the Chup region was always dark with no glimpse of sunshine†(Sen, 1995:80). The Gup pies have resolved without the assent of the Chupwalas that they automatically have charge of the moon and expose these Chupwalas to long-lasting darkness. Therefore, Rushdie implies to declare that any degree of censorship lies among everyone. Similarly, the Chupwalas battle amidst themselves in the course of the final fight and â€Å"large numbers of Chupwalas heaved in their share alongside the Guppies (Mukherjee, 1998:185). Chupwalas wish to detach themselves from the plans of Khatam-Shud’s . however, they choose to stay with him because they fear him greatly. Furthermore, when Haroun, Rashid, and the Guppies first confront Mudra, who is the Shadow Warrior tries to speak. Mudra uses signs to speak, while Haroun, lookout for him, â€Å"The Shadow Soldiers’ dance discloses to him that immobility had its unique beauty as well as grace† (Sen, 1995:125). Although the Chupwalas have distinct means, Rushdie accepts that their suggestions are frequently helpful and appealing. Both the Chupwalas as well as the Guppies stake further than what they can accept, and a swindled fury exists in their concurrences. â€Å"If the Guppies and

bibliography - 2066 Words

English Prof. 19 November 2013 Annotated Bibliography of the Criticisms of John Steinbeck’s â€Å" Of Mice Men†. â€Å"John (Ernest) Steinbeck,† â€Å" An overview Of Mice and Men,† â€Å" Steinbeck, Johnson, and the Master/Slave Relationship, â€Å" Reduced to Nothing: Race, Lynching, and Erasure in the Theater Revision of Steinbeck s Of Mice and Men, â€Å" â€Å" Steinbeck s Of Mice and Men (1937). â€Å" Research Abstract: John Steinbeck is best known for The Grapes of Wrath and Of Mice and Men. Kevin Attell writes criticisms of Steinbeck’s Of Mice and Men and details how he wrote very radically for his era in â€Å" An Overview Of Mice and Men.† James Gray writes a great biography in â€Å" John (Ernest) Steinbeck† giving the reader more than enough†¦show more content†¦According to Gray his mother did not want him to become a writer, he still went on to become one anyway and wrote, â€Å" Things are as they are because they must be† (Steinbeck, Gray) Steinbeck attended Stanford University for five years on and off but never earned a degree. He worked odd jobs involving hard physical labor and this is where he met his close nit friends that he counted on. Gray brought lots of Steinbeck’s life into light for the world to see where his writings are coming from. James Gray biography â€Å" John (Ernest) Steinbeck† was very intriguing. It was very int eresting to know that Steinbeck went to university all those years to never earn a degree. He preferred to live amongst the hard workers and befriend them and know what they know. Steinbeck’s later writing Travels with Charley, was supposed to be his account of him and his dog Charley cross country in a pick-up with a camper on the back documenting his encounters with American’s now (in the early 60’s). Critics later tried to discredit these accounts saying he lied about most of the trip there were only a few instances that he was even in the camper and most of the time he stayed in hi-end hotels with his wife in totally different states then he says he was in. The critics were claiming this would be a story also not a documentary as he was claiming. I say by then he had passed awayShow MoreRelatedArgumentative: Bibliography and Additional Information Essay1207 Words   |  5 PagesThis material set-off in this fashion in the handout identifies the revision notation for these matters. Guidelines for the Argumentative/Persuasive Essay Citing Sources You are not to employ footnotes or endnotes in your essay. Rather, when you employ anothers ideas or quote from a source in your essay, please employ the Modern Language Association, MLA, format for in-text citations; the format is set forth in Keys, p. 144 et seq. Quoting, Citing, and Referencing Source Material Read MoreSdafsdf1198 Words   |  5 Pagesspaced with standard indentation. The font should be size 12, Times New Roman. You should create a short title page including your name, the date, the assignment title, and the instructor’s name. The page limit does NOT include the title page or bibliography. Writing: Your writing should demonstrate both a factual understanding of the topic at hand and your own analysis. You will often be asked to explain what conclusions you have drawn on a topic. To do so, you should use historical facts to explainRead MoreMajor City Recycling Initiatives1038 Words   |  5 Pagesparagraph spacing Create a document header Right-align a paragraph Insert page numbers Insert text Center a paragraph Left-align a paragraph Indent the first line of a paragraph Change the bibliography style Insert a citation Create a source Edit a citation Insert a page break Insert a bibliography Convert a field to regular text Italicize text Project overview You are a recent college graduate working for a non-profit organization that monitors recycling efforts in major cities in theRead MoreIbm Case Study Essay1032 Words   |  5 Pagesheading and then start a new paragraph for the subheading and its text.] (Last Name, Year) [Heading 5]. [Like all sections of your paper, references start on their own page. The references page that follows is created using the Citations amp; Bibliography feature, available on the References tab. This feature includes a style option that formats your references for APA 6th Edition. You can also use this feature to add in-text citations that are linked to your source, such as those shown at the endRead MoreRes 811 Synthesis Paper1363 Words   |  6 Pageslearned through time and practice. In this assignment, you will engage in the last part of the synthesis process. General Requirements: Use the following information to ensure successful completion of the assignment: †¢ Refer to the annotated bibliography and outline you created in the Module 5 assignment along with the assignment feedback from your instructor. †¢ Review: Lilienfeld, S. O., Waldman, I. D., Landfield, K., Watts, A. L., Rubenzer, S., Faschingbauer, T. R. (2012). Fearless dominanceRead MoreThe Concept Of Reference Management As Seen The Eyes Of Author Dianne Ridley1289 Words   |  6 Pagesrecord of key word searches is in a way similar to writing an annotated bibliography because of the idea to elaborate on the results of the research, however the log goes deeper into collecting the keywords or phrases, dates the search was carried out and the databases or search engines used. This entire process is strenuous but also satisfying, and eliminates time wastage at a later date. According to the article â€Å"A bibliography is the list at the end of your dissertation or thesis of books, journalRead MoreReading Choosing Civility For English 102 And Most Useful Assignment Or Activity And Why?878 Words   |  4 Pagesread the book. Prompt 3: Reflect on the annotated bibliography experience. How did it help you in writing or preparing to write your position paper? Unlike many students, I did not mind doing the annotated bibliography. I found that it took a long time to complete. It was a challenge to find scholarly articles and use the databases. Even though it was time consuming and a challenge if found it beneficial. It was my first annotated bibliography so it helped me learn and practice creating one. AlsoRead MorePlagiarism: These Words Are Not Yours. Eddie N Hudson,1341 Words   |  6 Pagesto avoid plagiarism is to properly cite the work being used. Citing written work can be done by using quotation marks, footnotes, end-notes, and in-text citations. Other ways to utilized to prevent plagiarism is to paraphrase and summarize. A bibliography, works cited page or reference page should be used to make certain the sources for information retrieved are documented. Information that should be readily available on these pages are; the author, title, publishing, date of publishing, and/orRead More1500 Words1004 Words   |  5 Pagesparagra ph spacing Create a document header Right-align a paragraph Insert page numbers Insert text Center a paragraph Left-align a paragraph Indent the first line of a paragraph Change the bibliography style Insert a citation Create a source Edit a citation Insert a page break Insert a bibliography Convert a field to regular text Italicize text Project overview You are a college student currently enrolled in an introductory business class. Your assignment is to prepare a short researchRead MoreAcademic Research Reflection1203 Words   |  5 Pagesresearch paper more concrete and thus provides more depth to the analysis. Hence, several universities and accredited academic institutions have developed the process of referencing books and scholarly articles of researchers. Moreover, an annotated bibliography is a referencing process which includes a list of references along with a summary of the article or book that has been used. Explanation of the article should be conducted in 8-10 sentences ensuring that the summary is brief so that the reader

The Challenges Involved With Business Leadership Free Essays

string(151) " to nail how to decently pull off each group based upon the universe events that have taken topographic point throughout their life-time: Reid, Ellen\." The universe today is involved with the challenges of leading with assorted coevalss. As the work force contains differing coevalss with different values and positions of the universe, there is an sum of struggle that can happen and how one can turn to these concerns. In her article Generational Diversity Roberta Jackson provinces, â€Å" For the first clip, four coevalss work side by side in the work force † ( Jackson, Paragraph 1 ) . We will write a custom essay sample on The Challenges Involved With Business Leadership or any similar topic only for you Order Now â€Å" This is an exciting clip because a work force comprised of assorted coevalss brings a alone profusion to our work force † ( Jackson, Paragraph 1 ) . In endeavoring to convey these coevalss together to work efficaciously, this paper will present the assorted coevals ‘s thoughts, values, and work moralss. The paper will research thoughts and recommendations on how to take such a diverse group of persons. In order to add a successful generational differences constituent to the company, it ‘s critical to understand the three coevalss and the features of each. Existing in the work force today are baby boomers, Generation X and Generation Y. Together, the different personalities of each coevals work together to organize the work force that exists today. Baby Boomers consist of those that were born between 1946 and 1964 ; they are characterized by societal alteration and increasing richness, because they grew up in a clip of richness. As a group, they were the healthiest and wealthiest coevals to that clip, turning up truly anticipating the universe to better with clip ( Simons, 2010 ) . Baby boomers tend to believe of themselves as a particular coevals and the blackwashs of the Kennedy brothers and Dr. Martin Luther King, profoundly affected them and fueled their fire in rejecting or redefining traditional values. Their concern and authorities patterns focus on physical, centralized, and institutionalised paper filing. Baby boomers have important regard for institutional information ; and they view engineerings used for pull offing affairs of record as artefacts of the organisational civilization ( Simons, 2010 ) . This coevals grew up in a clip when people had to do forfeits. They were besides the mark of persuasive doses of optimism, and of authorities pledges to brush out all corruptness and inefficiency from public disposal. They besides experienced a military coup d’etat and witnessed the transmutation of the construct of democracy into a extremist rejection of upset ( Motta A ; Schewe, 2008 ) . Generation X Generation X consists of those born between 1965 and 1981. They are usually characterized as misanthropic, pessimistic and individualist and are known for being comfy with alteration and diverseness. Some feel that they are non likely to be loyal to a company as a consequence of being independent and self-sufficing. Because of this, they are seen to be more likely to go forth a occupation and seek out more ambitious options, a higher salary, or improved benefits ( Wong, Gardiner, Lang A ; Coulon, 2008 ) . Xers are disbelieving and unimpressed with authorization, and necessitate immediate, uninterrupted feedback. They tend to value a strong work-life balance ; caring for personal values and ends more than work-related ends ( Wong, Gardiner, Lang A ; Coulon, 2008 ) . This coevals grew up in a clip of their parents acquiring laid away and their female parents traveling to work to back up the household. Since both parents were at work, members of this coevals were seen as â€Å" latch key † childs. Sing their parents laid away, made them set household before work, larning to ne’er set all their trust in one company. Generation Y Generation Y consists of those born between 1982 and 2000. This coevals has grown up with engineering and is used to holding engineering as a big portion of their life. Besides known as the Millennials, they are really comfy with alteration and less likely to see occupation security as an of import factor in the workplace. This coevals is merely get downing to graduate and travel into the work force, conveying a overplus of thoughts ( Gibson, Greenwood A ; Murphy, 2009 ) . They were raised with MTV, cell phones, iPods, and computing machine games and are wholly at place with instant communicating and societal networking. This digital coevals is optimistic, realistic, globally cognizant, and inclusive by nature. They accept diverseness and different types of households ; they are civic-minded and prone to volunteerism. Like babe boomers, they truly value work/family balance and independency, but they are besides funny, oppugning and results-oriented ( Gibson, Greenwood A ; Murphy, 2009 ) . This coevals can greatly prove the forbearance of the Baby Boomers and Generation Y. The passion for entrepreneurship, answer-seeking behaviours coupled with their sense of personal duty and demand for feedback can be diminished by their dissatisfaction with entry-level occupations and their inclination to alter occupations often. This group wants a say in how they do their work. They are collaborative and work good within the modern sceptered workplace every bit long as there are adequate challenges and chances to maintain them interested ( Gibson, Greenwood A ; Murphy, 2009 ) . The other coevalss tend to be intimidated by this coevals. Millennials are really vocal and will state what they think and mean. Being cognizant of their juvenility, if they are non happy with their current state of affairs at work, they will easy go forth and acquire a new occupation. They are cognizant that they have a spot of clip to acquire their act together. Even being cognizant of this, gen Y are really capable and ready to organize a calling. Recommended Reading Journal Articles Psychologist Constance Patterson, Ph.D. , provides information sing her surveies sing the generational values of Baby Boomers, Generation X and Generation Y along with how these coevalss can get down to work better together in the workplace: Dittman, Melissa. ( 2005 ) . Generational Differences at Work. The Monitor, 36 ( 6 ) , 54. Keith Mackey, an associate professor at AUT, conducted extended research associating to the differences between the coevalss in the workplace. His research findings non merely assist to â€Å" expose † common myths about the coevalss, but besides help to nail how to decently pull off each group based upon the universe events that have taken topographic point throughout their life-time: Reid, Ellen. ( 2007 ) . PEOPLE MANAGEMENT: Myth-busting Gen Y – Generational differences at work.Do n’t understand your younger co-workers? Think they have different work attitudes to you? Always blamed it on the Gen Y factor? Well those yearss may be over as a major survey on workplace attitudes in New Zealand dispels the ballyhoo about the differences between coevalss X, Y and Baby Boomers. New Zealand Management. P. 63. This article focuses on a subject which many research workers have stated is of import for the success of intergenerational undertakings – mentoring. Not merely is mentoring explained in great item, along with the importance of implementing a mentoring plan, but besides a bit-by-bit program of how to get down and go on to offer a mentoring plan is provided: Anonymous. ( 2010 ) . Share Baby Boomer ‘s Knowledge with Intergenerational Mentoring. HR Focus, 87 ( 2 ) , 7 Online Periodicals A ; Online Journal Articles Within her article, writer Dr. Lynne Curry, Ph.D. provides clear differentiation between the values held by persons that can be classified as a portion of the Traditionalist, Baby Boomer, Generation X and Generation Y. Understanding the values of each group is the first measure in understanding how to decently take or pull off these persons: Curry, Lynne ( 2003, November ) . Pull offing the Gen X/Y Employee. Alaska Business Monthly. Retrieved on February 12, 2010 from hypertext transfer protocol: //www.allbusiness.com/north-america/united-states-alaska/685962-1.html. Knowing how to interact with persons from each coevals represented within the ever-changing market topographic point is a undertaking within itself. Knowing how to make it good is something wholly different. In his article, Ian Shapiro speaks about the methods and tactics that Anne Loehr, a generational guru, explains during her seminars around the state. Loehr non merely explains the huge differences in the values of each coevals, but besides focuses a great trade on cultural markers. For illustration, the importance of the cyberspace, web logs and other technological understanding ways of communicating for Generations X and Y. This is genuinely an of import piece of work that should be read by each individual go toing preparation Sessionss associating to communicating between coevalss: Shapiro, Ian. ( 2009, July ) . Talking to Generation Nexus. Guru explains Gens X, Y, Boomer to One Another. Washington Post. Retrieved on February 12, 2010 from hypertext transfer protocol: //www.washingtonpost.com/wp-dyn/content/article/2009/07/08/AR2009070803986.html. Other Online Documents With more than 25 old ages of leading experience in the corporate environment, Anne Houlihan is able to supply a wealth of penetration sing the transitioning of the â€Å" leading reigns † from the Baby Boomers to Generation X. Within the article, Houlihan provides concise points that help the readers to â€Å" better understand the leading manner, how to tackle it and how it impacts everyone in the company: † Houlihan, Anne. ( N.D. ) From Baby Boomers to Gen-X: An Development of Leadership Style. Retrieved on February 12, 2010 from hypertext transfer protocol: //reliableplant.com/Read/10518/leadership-style. Throughout this capturing 45-slide presentation, Richard A. Lewis provides indispensable tools in better understanding the behaviours that are frequently exhibited by Generation X and Generation Y. His presentation tactics are really appealing, and could easy capture the attending of an audience during a preparation seminar. By presenting games such as Human Bingo one can truly understand what occurred during each coevalss lifetime, and in bend better understand why they are the manner they are: Lewis, Richard A. ( 2005 ) . Organizational Behavior Meets Generation X and Y – A Practical Approach. Retrieved on February 12, 2010 from hypertext transfer protocol: //www.healthpronet.org/about/Organizational_Behavior_Meets_Generation_X_and_Y.ppt. A big part of this study has been focused on what the Baby Boomers can learn Generation X and Y, and this article helps to remind us that there is still a great trade that Generation Y can learn the Baby Boomers. In this article, Jim Taggart references a few leading writers and provides information on how to better prosecute Generation Y in the work force every bit good as how to in bend Teach older coevalss how to break interact and learn from this group younger of persons. Taggart, Jim. ( 2009 ) What Can Gen Y Teach Baby Boomers? Retrieved on February 12, 2010 from hypertext transfer protocol: //changingwinds.wordpress.com/2009/11/02/what-can-gen-y-teach-baby-boomers/ Enhancing our preparation plan Adding a generational differences constituent to the company ‘s preparation plan would be a value added constituent to the organisation. With three different coevalss being active in the work force it would be ideal for employees to cognize and understand the cultural differences between them and their colleagues. â€Å" Market competition and demographic alterations in the labour force are two of the forces disputing organisations to develop more effectual leading preparation, and execution plans. Understanding more to the full what traits or behaviours seem to be associated with how each babe boomers and Generation Xers perceives effectual leading will merely be good easing the passage as one group leaves and the other replaces it † ( Ree,2003, Journal of Leadership and Organizational Studies, pg 2, paragraph 2 ) . This plan would be even more good to the Baby Boomer coevals because in most organisations they are the leaders of the Gen Xers and Yers. With Baby Boomer ‘s holding the most economic power with a population of 78 million versus Gen X with 50 million and Gen Y with 70 million, they need to cognize what is of import to their followings and what their followings feel â€Å" can take a back place. † For illustration, the current province of the economic system has truly taken a toll on the motive of Gen X and Gen Y. The Baby Boomers have experienced and survived difficult economic times with things such as The Great Depression so they are able to pull off and work through all the obstructions they are confronting during our current economic ruin. â€Å" Both the MetLife survey and the Business Week article make it clear that those pull offing younger employees need to happen ways to assist those employees handle the force per unit area the recession is doing in their perso nal and working life † ( Mack, 2009, paragraph 5 ) . Each coevals needs to cognize the strengths and failings of each other to work efficaciously as a squad. Baby Boomers are approaching the age of retirement and the Xers are taking on their functions as leaders. Baby Boomers need to prepare the Xers into being great leaders, while the Xers need to be developing the Yers to take their topographic point in the work force. Each coevals has their ain alone manner and characteristic which distinguishes them from one another, but collaboratively they can do a great squad. With accomplishments runing from being able to take and accommodate in any state of affairs to being tech understanding, all are valuable to the success of an organisation. Leaderships must understand that their younger workers are an of import facet of their squad. Additionally, Baby Boomers must cognize that the ulterior coevalss do non hold the same work moralss as them, so they can non be managed the same manner. â€Å" Thirty-two per centum Gen Xers believe the â€Å" younger coevals † lacks a good work ethic and that this is a job ; and 13 per centum of Gen Yers say the difference in the work moralss across the coevalss causes clash † ( Gelsten, 2009, paragraph 6 ) . Baby Boomers need to cognize what involvements the younger coevalss ; such things as the music they listen to and what type of people they look up to. Generation X and Y want a professional and personal relationship with their leaders. Those leaders who connect with their followings on a personal degree and acquire to cognize what makes them thrive and what de-motivates them will be able to acquire more out of their employees and in return have more productiveness. Decision This paper has reviewed the differences between the coevals ‘s thoughts, values, and the work force environment. This paper gives thoughts on how the babe boomer coevals can efficaciously take all the coevalss to work together efficaciously. The reappraisal of books and articles provide suggestions on taking all coevalss to work efficaciously while esteeming each values and work moralss. In order for this work force of Baby Boomers to take Generations X and Y the recommendations are as follows: Baby Boomers must hold a clear and concise apprehension of Generation X and Y. Baby Boomers need to esteem and pass on with Generation X and Y. All coevalss need to cognize the strengths and failings of each other. Have a direction manner that will accommodate to all coevalss. Baby Boomers need to be unfastened to reexamine articles and books to help in taking Generation X and Y. Include constituents in a preparation manual that will turn to Generation X and Y that will turn to their values. Baby Boomers need to understand that all coevalss need to hold picks. Finally, a better apprehension of all coevalss will take to shut relationships in the work force and make better communicating between all coevalss and less discontent for all involved. The stairss listed supra should be a utile usher for the Baby Boomers to take Generation X and Y efficaciously. Generations X and Y will cognize they are on the same squad and their thoughts are lending to a productive work force. How to cite The Challenges Involved With Business Leadership, Essay examples

What Is Premarital Sex Essay Example For Students

What Is Premarital Sex Essay During the twentieth century, premarital sex has become an important issue. Sexual abstinence was the normal society lifestyle until the late 1950s. Most men and women would not have ever slept with another person out of wedlock. While this sexual abstinence lifestyle was in effect, a mentality of independence struck the adolescence of the United States. They felt as though they must engage in sexual activity, just to defy societys view of what was morally right. The reason sexual abstinence is an issue today is because many people claim premarital sex is wrong. People base their opinions on what the Bible has said. When the Bible is used to justify any means of behavior, it usually becomes a moral issue. The main issue at hand is whether premarital sex is classified as morally right or wrong. The Catholic Church claims that premarital sex is wrong and immoral. Not only does the Catholic Church believe this, so does nearly every other Christian faith. In many other countries, premari tal sex is not as huge of an issue as it is here in the US. The basis for this is unsure, but religion and culture seem to play into it largely. In the 1990s, the teaching of abstinence is beginning to be implemented into the public school systems. The enthusiasm for the just-say-no approach began with the G.O.P. Welfare Reform Act, known as Title V. It appropriates fifty million dollars a year for five years to programs that instruct teens to stay abstinent until marriage. Since the measure took effect two years ago, forty-eight states have decided to participate. Of these forty-eight states, five states have gone one step further, requiring that abstinence be the only programs taught. California and New Hampshire are the only two states that have returned their federal grants, because they refused to participate in this program. Some schools in Minnesota have a dual-track sex education program. It is up to the parents to decide what they would like their children to study. There i s a lot of controversy about these programs because the issue of sexual abstinence is so controversial. Debra Hauser, Vice President of Advocates for Youth in Washington says, in the last couple years weve seen a huge increase in the number of public schools that are restricting the amount and type of information teachers can provide in the classroom. (Gardner, Christian Science Monitor, p. B1) School nurse Esther Splaine argues, Every year, twelve million American teens are sexually active. Nearly one million teens become pregnant, and three million contract a sexually transmitted disease. On through abstinence will teenagers avoid these and other problems related to too-early sex. (Gardener, Christian Science Monitor, p. B1) The largest obstacle of this issue is that there is no consensus on the nature of the crisis. On top of that, there is not an effective solution for easing the plight. While there are many programs, other than schools, that support this idea of abstinence only teaching, there are just as many that are opposed. Most public health experts have concern that these abstinence only programs could undo years worth of progress in education concerning safe sex. Of the five states that hold the abstinence only policy, studies have shown that there was not a delay in the onset of sexual intercourse. In another eleven studies, results show that programs that combined abstinence and contraceptive programs either delayed teen sexual activity, or reduced its frequency. In another survey conducted by Eric Tooley, of the 200 participants in their second year of abstinence-only classes, sixty percent have already lost their virginity, and ten of the girls are pregnant. (Morse; Hylton, Time, p. 79) This shows that the programs need to be refined in order to be effective. With new programs such as these, it is extremely difficult to instate them in a way that it benef its everyone. The Catholic Church feels as though it is best to save sex until marriage. Many catholic leaders foresaw the danger of casual sex, especially with college students. Pope John Paul II often speaks out on the wounds that result from pre-marital sex. As stated in Crisis magazine the Pope claims, one of the consequences of removing human sexuality from the context of married love is a depersonalization of the human body. The body becomes nothing more than an object for use, while the broader and deeper requirements of human dignity and happiness are ignored. (Desmond, Crisis, p. 12) As the Pope continues to preach these words of wisdom a majority of the warnings go unnoticed, in universities and high schools alike. The Catholic Church looks at research done, and uses it to explain what has gone wrong. Many experts say that teen sex is at a high due to what the media and business world put out. In many teen magazines, there are answers to almost any teens sexual question. T hey use these magazines to help figure out the technical requirements of sexual appeal and performance. The church also believes that family breakdown, the pill, and a neo-Enlightenment belief in the natural goodness of children weakened parental resolve to transmit moral values. These are not the only reasons the church does not condone sex before marriage. Many pastors and clergymen look to the Bible for the answers as to why one should abstain from premarital sex. The Bible says in Acts 15:29 to the Gentiles, You are to abstain from the meat of strangled animals and from sexual immorality. You will do well if you avoid these things. In Hebrews 13:4 it states, Marriage should be honored by all, and the marriage bed kept pure, for God will judge the adulterer and all the sexually immoral.Not only does the bible speak of staying pure in the New Testament, it is also spoken of in the Old Testament, or the Hebrew Bible. In Genesis 2:24 it is stated, For this reason a man will leave hi s father and mother and be united to his wife and they will become one flesh. The idea of one flesh is the bond between a man and his wife and the spiritual and sexual bond that is formed. From these one can assess that one should remain pure. The true sense of the word pure as defined by Zondervan Study Bible is, to be free from all taint of that which is lewd. Contemporary teachings say that it is all right for committed individuals to participate in sexual intimacy, even if they are not married. This idea is contrary to Gods teachings in the Bible. The Bible claims many times over that God prohibits sexual relations with anyone who is not a lawful spouse. The Protestant Church focuses on these matters as the reasons not to engage in sexual activity before marriage. There are many other nations that use other sources to define their terms of sexual morality, or lack there of. In a study done by the Journal of Sex Research a total of 33,590 responses were used to calculate the atti tude toward non-marital and teen sex issues. The study found that premarital sex is the most accepted of the four types of non-marital sex. Nearly sixty-one percent of the twenty-four countries surveyed claim that premarital sex is not wrong. Forty-four percent of the Japanese claim that premarital sex is wrong only sometimes, compared to the mean of fifteen percent across all the countries. In most of the countries studied, the acceptance of premarital sex is more accepted with adults rather than teens. Fifty-eight percent condemn young teens having sex as always wrong. Bulgaria, New Zealand, Ireland, Northern Ireland, Philippines, Poland, and the US present the lowest tolerance for premarital teen sex. Of these Nations, Ireland, Northern Ireland, Poland and the US, show a strong disapproval for all types of non-marital sex. These countries are all predominately Christian. Sweden is the country that seems to be the most accepting to premarital sex. As one looks at the result of the poll, it is possible to see the acceptance of this issue. Many times premarital sex is also used as a way to profess ones love for another. Love on an extremely intimate level. Usually when a person gets sexually involved, sex begins to be the main focus of the relationship. When there is not the bond of lifetime commitment that marriage brings, it is easy to leave the relationship and look for sexual satisfaction elsewhere. love is not interpreted as a mere epiphenomenon of sexual drives and instincts in the sense of a so-called sublimation. Love is as primary a phenomenon as sex. Normally , sex is a mode of expression for love. Sex is justified, even sanctified, as soon as, but only as long as, it is a vehicle of love. Thus love is not understood as a mere side-effect of sex; rather sex is a way of expressing the experience of that ultimate togetherness which is called love (Frankl, 1959, p. 134)This quote comes from Victor Frankls book Mans Search for Meaning. It explains the re ason people should wait until marriage, without mentioning premarital sex. The idea of ultimate togetherness should be one that is bound with ultimate love. If one loves another to such a great extent then there would be no pressure to engage in sexual activity. Love so often seems to be the reason to participate in sexual acts yet, love should be doing the higher good for another. Partaking in sexual intercourse before marriage is in fact not doing the higher good for another. There is too much of an emotional and physical attachment for it to be the higher good. Love is also 100 percent giving; it should never be the means to an end. When the Greeks defined love, they classified it into three levels: Eros, Filia, and Agape. Eros is sexual love and also the lowest level of love. Even to the Greeks Eros was not meant as love with multiple partners. It was meant as an exclusive love. As it should be, love should always be an exclusive commitment. When sexuality is shared, there are a lso consequences. The main consequences are that the individual will be placed higher than the higher good, a communication of exclusivity in a relationship much earlier than adolescents are prepared to understand, and a decline of love. With the decline of love, there is no search for deeper self, and no search for loving another person. The greater the commitment to another, the greater the love will be. So many times adolescent participate in sexual acts because they think that it comes with no strings attached. Many teens are oblivious to the myths about sexual activity and love. The idea of falling in love is not an act of will, and it is not a product of freedom. Loving is something that is quite conscious and takes a lot of energy and effort to perfect. As one learns to love, they are able to escape aloneness, which many teens today feel. The other misconception of love is dependency. Love that is done out of dependency is a parasitism. It shows how weak one really is, and ma ny times people feel as though they need to please another sexually to maintain in a relationship. When two people are really in love they can live without each other, yet they choose to be with each other. So often in the US we, as a body of people, try so hard to be loved that we forget how to love. More importantly, we forget that love is a form of work, work takes attention, attention takes care, and care takes will. When all of these things are taken into consideration the concept of love seems so extraordinary. It is such a gift to be able to give your life to someone else on a wedding night, rather than have slept with many people. When sex is saved for the wedding night it is no longer a means to an end, it is the means to a new beginning. That is what this issue of premarital sex is about, maintaining a pure life so no one is ever used as a means to an end.Bibliography:BIBLIOGRAPHYDesmond, Joan FrawleyA Girls Lament: Sex, Love, and Americas TeensCrisis, Sep98, Vol. 16 Issue 8, p. 12Frankl, VictorMans Search for Meaning1959, Washington Square Press, p. 134Gardener, Marilyn Talking AbstinenceChristian Science Monitor, 8/11/98, Vol. 90 Issue 180, p. B1Lutes, ChrisHow far is too far?Campus Life, Mar/Apr 99, Vol. 57 Issue 8, p. 32Morse, Jodie; Hylton, HillaryPreaching Chastity in the ClassroomTime, 10/18/99, Vol. 154 Issue 16, p.79

Meralco Financial Analysis Essay Example

Meralco Financial Analysis Essay INTRODUCTION MERALCO is the Philippines’ largest electric power distribution company, with franchise service area covering 9,337 square kilometres. It provides power to 4. 8 million customers in 31 cities and 80 municipalities, which include the whole of Metro Manila, the provinces of Rizal, Cavite and Bulacan, and parts of Pampanga, Batangas, Laguna and Quezon. Business establishments in the franchise area account for almost 46% of the country’s Gross Domestic Product or GDP. Through Clark Electric Distribution Corporation or CEDC, a 65%-subsidiary, it holds the power distribution franchise for Clark Special Economic Zone in Clark, Pampanga. CEDC franchise area covers 32 square kilometres and 1,611 customers. The Company is organized into three major operating segments, namely, power distribution, real state and contracts, services and others. In 2010, MERALCO PowerGen Corporation or MPG (formerly Asian Center for Energy Management), a wholly owned subsidiary, was reorganized as the Company’s vehicle for potential entry into power generation. COMPANY PROFILE MERALCO marches on to its 108th year of service in 2011. Consistently in the list of the Philippines’ top five corporations and cited among Asia’s finest, MERALCO today serves over 4. 8 million residential, commercial and industrial customers. It is strategically located to serve the country’s center of commerce and industry and its hub of government services and infrastructures. It services about 30 manufacturing economic zones, which also compete in the global market. Likewise, the Company caters to providers of outsourced business process, both domestic and international. MERALCO’s 9,337 sq. km. ranchise area overs 31 cities and 80 municipalities including Metro Manila, the entire provinces of Bulacan, Rizal and Cavite; parts of the provinces of Laguna, Quezon, Batangas and Pampanga. Electrification level in the franchise area is 99%. MISSION to provide our customers the best value in energy, products and services. VISSION to be a world-class company an d the service provider of choice. OBJECTIVES: To protect and enhance the interest of its stakeholders by committing itself to the following principles. 1. The Customers are its reason for being, and therefore, they should always be treated with dignity. We will write a custom essay sample on Meralco Financial Analysis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Meralco Financial Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Meralco Financial Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The Company must be fully responsive to their needs. The Company has the responsibility to: * Provide the customers with the highest quality products and services, consistent with their requirements and with international standards; * Treat the customers fairly, courteously and with integrity in all of its business transactions; * Act promptly on their immediate concerns and be receptive to their long-term needs and interest; and * Make every effort to ensure that the health, safety and general well-being of its customers are enhanced by its products and services. 2. The Employees are its most valued asset, and therefore, they should always be treated with dignity and with full consideration of their interest. The Company has the responsibility to: * Provide its employees with incentives and opportunities for professional growth and advancement; * Provide its employees with just and competitive compensation, and benefits that improve their living conditions and incentives * Guarantee fairness, equal treatment and opportunity and avoid discriminatory practices; and * Provide suitable and safe working conditions to protect employees from avoidable injury and illness in the workplace. . Its Investors are its principals, and therefore, the trust they have placed in the company must be honoured. The company has the responsibility to: * Apply professional and diligent management to ensure the financial viability of the company and maintain a fair and competitive return for its investors; and * Conserve and enhance its investors’ assets, and fulf il and safeguard their interest. 4. The Suppliers and Creditors are its business partners and, therefore, the relationship with them must be based on mutual respect and benefit. The company has the responsibility to: * Foster long-term stability, direct relation and continuous development with suppliers to attain quality, competitiveness, process efficiency and performance reliability; * Seek fairness, truthfulness, integrity and transparency in all of its business dealings with them; and * Seek encourage and prefer suppliers whose business practices respect human dignity and the environment. . The Competitors are its catalyst toward continuing service excellence and, therefore, the competition with them should be fair and honest, a basic requirement for national development in the distribution of products and services to the community. The Company has the responsibility to: * Promote behaviour that demonstrates mutual respect among competitors; and * Maintain the highest level of business ethics and integrity. . The Community is its business environment and the society it serves. The Company has the responsibility to: * Uphold and maintain at all times the highest standards of business ethics; * Fulfil with dedication and commitment its social responsibilities; * Undertake activities that support and contribute to the economic and social development of the country; 7. Employ proactive measures and cooperate with the government and non-government institutions in activities to serve society towards a collective benefit. * Help the government in its efforts and programs in its efforts and programs towards raising investor confidence, developing the capital market, and ensuring high sustained economic growth through good corporate governance. Observe and comply at all times with the orders, rules and regulations of the government, its agencies and instrumentalities, in the pursuit of its utility objectives and other corporate endeavors; * Institutionalize sound environmental practices in collaboration with the concerned government agencies and encourage other corporations/organizations to support all programs for an effective environmental management system. SUBSIDIARIES AND AFFILIATES * Meralco Powergen Corporation (MPG) * Clark Electric Distribution Corporation (CEDC) * Radius Telecoms, Inc. * Meralco Financial Services Corporation (FINSERVE) Lighth ouse Overseas Insurance Limited (LOIL) * Meralco Energy, Inc. (MEI) * Rockwell Land Corporation (ROCKWELL) * Republic Surety and Insurance Company, Inc. (RSIC) CONSOLIDATED FINANCIAL STATEMENTS MANILA ELECTRIC COMPANY AND SUBSIDIARIES| CONSOLIDATED STATEMENTS OF FINANCIAL POSITION| | | | | December 31 | | 2010 | 2009 | | (amounts in millions) | ASSETS| | | | | | Current Assets| | | Cash and Cash equivalents| Php 24,370. 00 | Php 17,068. 00 | Trade and other receivables net| 25,609. 00 | 21,600. 0 | Inventories at lower cost or net realizable value| 2,043. 00 | 1,857. 00 | Land and development costs at lower of cost or net realizable value| 1,708. 00 | 1,191. 00 | Other current assets| 2,027. 00 | 2,969. 00 | TOTAL CURRENT ASSETS| 55,757. 00 | 44,685. 00 | | | | Noncurrent Assets| | | Utility plant and others net| 101,009. 00 | 98,231. 0 | Construction in progress| 2,241. 00 | 3,627. 00 | Investments in associates and a joint venture| 321. 00 | 1,203. 00 | Investments properties net| 8,037. 00 | 8,021. 00 | Deferred pass through fuel costs| 1,222. 00 | 3,161. 00 | Deferred tax assets net| 42. 00 | 17. 00 | Other noncurrent assets net| 10,339. 0 | 13,184. 00 | TOTAL NONCURRENT ASSETS| 123,211. 00 | 127,444. 00 |   | Php 178,968. 00 | Php 172,129. 00 | | | | | | | LIABILITIES AND EQUITY| | | Current Liabilities| | | Notes Payable| Php 149. 00 | Php 513. 00 | Trade payables and accrued expenses| 31,138. 00 | 28,261. 00 | Income tax payable| 413. 00 | 133. 00 | Customers refund| 7,131. 0 | 9,147. 00 | Current portion of interest bearing long-term financial liabilities| 5,574. 00 | 4,069. 00 | TOTAL CURRENT LIABILITIES| 44,405. 00 | 42,123. 00 | | | | Noncurrent Liabilities| | | Interest-bearing long-term financial liabilities net of current portion| 15,498. 00 | 17,234. 00 | Customers deposits net of current portion| 23,761. 00 | 25,063. 0 | Deposits from pre-selling of condominium units| 741. 00 | 343. 00 | Deferred tax liabilities net| 3,322. 00 | 4 ,230. 00 | Long-term employee benefits| 9,547. 00 | 10,987. 00 | Provisions| 12,875. 00 | 7,492. 00 | Advances for construction net of current portion| 3,271. 00 | 2,989. 00 | Other noncurrent liabilities| 2,352. 0 | 522. 00 | TOTAL NONCURRENT LIABILITIES| 71,367. 00 | 68,860. 00 |   |   |   | TOTAL LIABILITIES| 115,772. 00 | 110,983. 00 | | | | Equity Attributable to Equity Holders of the Parent| | | Common Stock| 11,273. 00 | 11,273. 00 | Subscriptions receivable| (738. 00)| (960. 00)| Additional paid-in capital| 4,111. 0 | 4,112. 00 | Excess of Acquisition cost over carrying value of non-controlling interest acquired| (328. 00)| (328. 00)| Employee shared-based payment plan| 743. 00 | 569. 00 | Unrealized fair value gains on available-for-sale investments| 96. 00 | 71. 00 | Share in cumulative translation adjustment of a subsidiary and an associate| 12. 00 | 684. 0 | Retained earnings:| | | Appropriated| 6,000. 00 | 4,198. 00 | Unappropriated| 37,800. 00 | 37,750. 00 | Equ ity Attributable to Equity Holders of the Parent| 58,969. 00 | 57,369. 00 | | | | Non-controlling interests| 4,227. 00 | 3,777. 00 | TOTAL EQUITY| 63,196. 00 | 61,146. 00 | | | | | | | Php 178,968. 00 | Php 172,129. 00 | MANILA ELECTRIC COMPANY AND SUBSIDIARIES| CONSOLIDATED STATEMENTS OF INCOME| | | | | Years Ended December 31 | | 2010 | 2009 | | (amounts in millions, except per share data) | | | | REVENUES| | | Sale of electricity| 239,077. 00 | 178,686. 00 | Sale or real state| 3,375. 00 | 2,877. 00 | Sale of contracts, services and others| 3,009. 00 | 2,987. 00 |   | 245,461. 0 | 184,550. 00 | | | | | | | EXPENSES (INCOME)| | | Purchased power| 200,916. 00 | 150,928. 00 | Operations and maintenance| 15,711. 00 | 13,611. 00 | Depreciation and amortization| 6,219. 00 | 5,064. 00 | Provision for probable charges and expenses from claims| 5,750. 00 | 3,351. 00 | Cost of real estate sold| 2,640. 00 | 2,230. 0 | Interest and other financial income| (2,690. 00)| (4,246. 00)| Cost of services| 1,996. 00 | 1,803. 00 | Provision (reversal of provision) for probable losses from refund net| (1,632. 00)| (1,179. 00)| Interest and other financial charges | 493. 00 | 3,328. 00 | Equity in net earnings of associates and a joint venture| (283. 00)| (245. 0)| Accretion of present value impact on customers refund | 225. 00 | 555. 00 | Foreign exchange losses (gains) net| 51. 00 | (266. 00)| Taxes, fees and permits| 974. 00 | 421. 00 | Others| 654. 00 | 216. 00 |   | 231,024. 00 | 175,571. 00 | | | | INCOME BEFORE INCOME TAX| 14,437. 00 | ,979. 00 | | | | PROVISION FOR (BENEFIT FROM) INCOME TAX| | | Current| 5,233. 00 | 3,218. 00 | Deffered| (913. 00)| (595. 00)|   | 4,320. 00 | 2,623. 00 | | | | NET INCOME| Php 10,117. 00 | Php 6,356. 00 | MANILA ELECTRIC COMPANY AND SUBSIDIARIES| CONSOLIDATED STATEMENTS OF CASH FLOW| | | | | | | 2010| 2009| | | (Amounts in Millions)| CASH FLOW FROM OPERATING ACTIVITIES| Php 14,437. 0 | Php 8,979. 00 | Income before income tax| | | A djustments for:| | | | Depreciation and amortization| 6,219. 00 | 5,064. 00 | | Provision for probable charges and expenses from claims| 5,750. 00 | 3,351. 00 | | Interest and other financial income| (2,690. 00)| (4,246. 00)| | Interest and other financial charges| 493. 0 | 3,328. 00 | | Provision (reversal of provision) for probable losses from refund net| (1,632. 00)| (1,179. 00)| | Loss on disposal of utility plant and others net| 1,033. 00 | | | Provision for doubtful accounts, net of recoveries| 982. 00 | 886. 00 | | Cost of guaranteed service levels pay-out| 388. 00 | 216. 0 | | Loss from disposal of investment| | 46. 00 | | Equity in net earnings of associates and a joint venture| (283. 00)| (245. 00)| | Present value impact on customers refund| 225. 00 | 555. 00 | | Employee share-based payments| 174. 00 | 301. 00 | | Reversal of write-down of inventory to net realizable value| (3. 0)| (41. 00)| | Gain on disposal of investment property| (4. 00)| | | Donation of investm ent property| 2. 00 | |   | Foreign exchange loss (gain)| 51. 00 | (266. 00)| Operating income befor working capital changes| 25,412. 00 | 16,749. 00 | Decrease (increase) in:| | | | Trade and other receivables| (10. 0)| 15,601. 00 | | Inventories| (130. 00)| (168. 00)| | Land and development costs| (517. 00)| (531. 00)| | Deferred pass-through fuel costs| 1,939. 00 | 631. 00 | | Other current assets| 955. 00 | (1,854. 00)| Increase (decrease) in:| | | | Trade payables and accrued expenses| 41. 0 | 8,798. 00 | | Customers refund| (2,241. 00)| (2,889. 00)| | Customers deposits| 1,298. 00 | 2,913. 00 | | Deposits from pre-selling of condominium units| 398. 00 | 307. 00 | | Long-term employee benefits| (1,424. 00)| (1,555. 00)|   | Provisions| (140. 0)| (4,935. 00)| Net cash generated from operations| 25,311. 00 | 33,067. 00 | Income tax paid| (4,953. 00)| (3,797. 00)| Net cash flows generated from operating activities| 20,358. 00 | 29,270. 00 | CASH FLOW FROM INVESTING ACTIVITIE S| | | Additions to:| | | | Construction in progress| (5,769. 00)| (7,914. 0)| | Utility plant and others| (2,741. 00)| (187. 00)| | Intangibles| (300. 00)| (127. 00)| | Investments properties| (110. 00)| (662. 00)| Interest and other financial income received| 1,058. 00 | 1,332. 00 | Proceeds from:| | | | Return of investment| 752. 0 | | | Disposal of utility plant and others| 82. 00 | | | Disposal of investment property| 28. 00 | | | Settlement of deliverable currency forwards| 5. 00 | | Dividends received from associates| 96. 00 | 445. 00 | Dividends paid by subsidiaries attributable to non-controlling interests| (15. 00)| | Decrease (increase) in:| | | | Other noncurrent assets| 622. 0 | (1,657. 00)| | Other receivables| | | Net cash used in investing activities| (6,292. 00)| (8,770. 00)| CASH FLOW FROM FINANCING ACTIVITIES| | | Proceeds from:| | | | Interest-bearing long-term financial liabilities, net of issue costs| 10,528. 00 | 12,398. 00 | | Notes payable| 380. 00 | 2,93 6. 00 | | Collection of subscriptions receivable| 222. 0 | 445. 00 | Payments of:| | | | Interest-bearing long-term financial liabilities| (10,748. 00)| (8,295. 00)| | Dividends| (6,187. 00)| (2,820. 00)| | Interest and other financial charges| (2,044. 00)| (1,524. 00)| | Notes payable| (744. 00)| (12,251. 00)| | Stock transaction costs| (1. 0)| | Increase(decrease) in other noncurrent liabilities| 1,830. 00 | 277. 00 | Net cash flow used in financing activities| (6,764. 00)| (8,834. 00)| NET INCREASE IN CASH AND CASH EQUIVALENTS| 7,302. 00 | 11,666. 00 | CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR| 17,068. 00 | 5,402. 00 | CASH AND CASH EQUIVALENTS AT END OF YEAR| Php 24,370. 0 | Php 17,068. 00 | MANILA ELECTRIC COMPANY AND SUBSIDIARIES| RATIO ANALYSIS| | 2010| 2009| TEST OF LIQUIDITY| | | | | | A. Current Ratio =| Current Assets| | | Current Liabilities| | | | | =| 55757. 00 | 44685. 00 | | 44405. 00 | 17234. 00 | | | | =| 1. 26| 1. 06| | | | B. Acid-test Ratio =| Cash + Short -term investments +receivables (net)| | | Current Liabilities| | | | | =| 49979. 00 | 3048. 00 | | 44405. 00 | 17234. 00 | | | | =| 1. 13| 0. 18| | | | C. Receivables turnover =| Net credit sales| | | Average net receivables| | | | | =| 245461. 00 | 184550. 00 | | 36409. 00 | 36409. 00 | | | =| 6. 74| 5. 07| | | | Average Collection period =| 365 days| | | receivable turnover| | | | | =| 365 days| 365 days| | 6. 74| 5. 07| | | | =| 54. 15 days| 72. 01| | | | D. Inventory turnover =| COGS| | | Average inventory| | | | | =| 221263. 00 | 168572. 00 | | 2971. 50 | 2971. 50 | | | | =| 74. 46 times| 56. 73| TEST OF SOLVENCY| | | | | | A. Debt to total assets ratio =| total debt| | | total assets| | | | | =| 115772. 00 | 110,983. 00| | 178968. 00| 172,129. 00| | | | =| 0. 65| 0. 64| | | | B. Times interest earned =| Income before income taxes and interest expense| | | interest expense| | | | | =| 14,437. 0 | 8979. 00 | | 493. 00 | 3328. 00 | | | | =| 29. 28| 2. 70| | | | TEST OF PROFITABIL ITY| | | | | | A. Profit Margin =| Net income| | | Net sales| | | | | =| 10,117. 00 | 6356. 00 | | 245,461. 00| 184550. 00 | | | | =| 4%| 3%| | | | B. Asset Turnover =| Net Sales| | | Average assets| | | | | =| 245,461. 00 | | | 175,548. 50 | | | | | =| 1. 40| | | | | C. Return on assets =| Net Income| | | Average Assets| | | | | =| 10,117. 00 | | | 175,548. 50 | | | | | =| 6%| | | | | D. Return on common stockholders equity =| Net income| | | Average common stockholders equity| | | | =| 10,117. 00 | | | 11,273. 00 | | | | | =| 90%| | | | | E. Earnings per share =| Net Income| | | Weighted average common shares outstanding| | | | | =| 10,117. 00 | | | 1,127. 00 | | | | | =| 8. 98| | | | | F. Price-earnings ratio =| Market price per share of stock| | | earnings per share| | | | | =| 10| | | 8. 62| | | | | =| 1. 16| | | | | G. Pay-out Ratio =| Cash Dividends| | | Net income| | | | | =| 7,834. 00 | | | 10,117. 00 | | | | | =| 77. 43| | ANALYSIS HORIZONTAL AND VERTICAL ANALYSIS REVENUES For the year end December 31, 2010 MERALCO procured a Php245, 461 million revenues, 33. 0% higher than previous year revenues worth Php184, 550 million. Sales from the three major operating segments increased during the year 2010 with the power distribution as the top performing operating segments. Php178,686 million sales from electricity was a 96. 82% of Php184,550 million. EXPENSES Expenses for the year 2010 amounted to Php231,024 million was increased by Php55,453 million or 31. 58% due to higher purchased power that was increased by 33. 12%. In support to this, purchased power got 86. 97% of the total Php231,024 worth of expenses. NET INCOME Php10,117 million net worth of income of 2010 was 59. 7% higher than 2009 it’s because of the higher sales of electricity for the year 2010. Eventhough the net income for the year 2010 is just a 4. 12% of the total sales the company still achieved its higher net income compare to 2009. CURRENT ASSETS As of December 31, 2010, the Com pany’s consolidated cash and cash equivalents amounted to Php24,370 million, Php7,302 million or 42. 78% higher compared with the balance of Php17,068 million of December 31, 2009. In addition, cash and cash equivalents achieved 13. 62% of its Php178,968 million total assets. This is due to a higher average collection period from 29 days to 24 days. Other increase in current assets may be due to higher sales for the year 2010. CURRENT LIABILITIES Current liabilities had increased by 5. 42% or Php2,282 million by the year ended December 31, 2010 with trade payables and accrued expenses having the highest increase worth Php2,877 million, achieving 20. 52% of its total liabilities. Decreases in the current liabilities was due to payments of some payables and some customer’s refund. NONCURRENT ASSETS Most of the noncurrent assets had decreased by the year 2010, this is due completion of major electric projects and due to consumption of fuel gas. NONCURRENT LIABILITIES A total of Php4,789 million increase in noncurrent liabilities of the company may due to issuance of long term obligations that could result in an increase in working capital. This increase was due to pre-termination of some loan deposits received from units sold on instalment contracts. EQUITY The employee shared-based payment plan had increased by 31% as of December 31, 2010. This is due to recognition of the provisions of PFRS2, â€Å"Shared-based Payments† related to Employee Stock Puchase Plan. And a decrease of 98. 5% of the share in cumulative translation adjustment of a subsidiary and an associate was resulted from the return of capital related to the Company’s investment in FPPC. RATIO ANALYSIS CURRENT RATIO A total of Php55,757 million worth of current assets definitely means a capability of the Company to pay its current liabilities worth Php44,045. This means a 1. 26 current ratio is an indicator of a slightly strong financial position . ACID-TEST RATIO A 1. 13:1 acid-test ratio of the company simply portrays that its most liquid assets can settle its current liabilities. RECEIVABLE TURNOVER The Company can collect its receivables 6. 74 times in a year with an average of 54. 15 days or less than two months collection period. This situation is favourable to the company’s present position. INVENTORY TURNOVER As inventory is being concern, the company is efficient in managing its inventories. A 74. 46 times inventory turnover is a proof of the latter statement. It is not too high nor too low indicating a better liquidity. DEBT TO TOTAL ASSET RATIO More than half of the company’s assets are financed through the company’s debts. This is proven by a 0. 65 ratio of debt to total asset. TIMES INTEREST EARNED Since the earnings of the company, Php14,437, is higher than its total interest expense, Php493, the company has the capability to settle its debts. Getting a 30. 28 ratio means that the company is able to meet its interest obligations because its earnings is significantly greater than its annual interest obligations. PROFIT MARGIN Compare to 2009 profit margin of 3%, the company got 4% profit margin which indicates that the revenue earned, Php245, 461million by the company was effectively converted into actual profit, Php10,117 million, despite of Php231, 024 total expenses . ASSET TURNOVER The 1. 4 asset turnover ratio of 2010 is relatively higher than 2009 meaning despite of Php178,968 million total assets the company still gained a total revenue of Php245,461 million with a total net profit of Php10,117 million meaning the company is efficiently utilizing its assets to produce a favourable profit. RETURN ON ASSETS The company has a total 6% return on assets of 2010 which is 2% higher than 4% return on assets of 2009 indicates that the company can make an intelligent choice on how to spend its money on new assets. RETURN ON COMMON STOCKHOLDER’S EQUITY A 6% increase in return on common stockholder’s equity simply indicates that the company is generating profits on its common stock investment meaning it is generating an income for the benefit of common stockholders. EARNINGS PER SHARE With an 8. 62 earnings per share which is higher than the 2009 EPS, 5. 74, the company is getting a higher earnings, meaning a strong financial position. PRICE-EARNINGS RATIO The 1. 16 price-earnings mean that investors are ready to pay 10 times earnings. The company has a chance in getting numerous investors. PAY-OUT RATIO A 77. 3% of the total Php7834 can be paid back to shareholders. Investors will increase its confidence to the company. CONCLUSION MERALCO is the Philippines’ largest electric power distribution company, with franchise service area covering 9,337 square kilometers. It provides power to 4. 8 million customers in 31 cities and 80 municipalities, which include the whole of Metro Manila, the provinces of Rizal, Cavite and B ulacan, and parts of Pampanga, Batangas, Laguna and Quezon. Business establishments in the franchise area account for almost 46% of the country’s Gross Domestic Product or GDP. The Company registered consolidated revenues for the year ended December 31, 2010 amounted to P=245,461 million, 33% higher compared with the P=184,550 million for the same period last year. Sales from all operating segments increased during the year with the highest registered by power distribution. The increase in electricity spending is attributable to (i) increased number of customers across all customer classes, (ii) growth in various industries as restocking activities resume after the global economic crisis, (iii) unusually warmer temperature during the first half of the year and, (iv) election spendings. Sales from electricity amounted to P=239,077 million, an increase of P=60,391 million, or 34%, from P=178,686 million for the year ended December 31, 2009. Consolidated costs and expenses amounted to P=231,024 million for the year ended December 31,2010, P=55,453 million higher than the P=175,571 million last year, primarily due to higher purchased power costs, increased provision for doubtful accounts, accrual for compensation and employee benefits. The 2010 consolidated full year results reflect higher recurring net income compared with 2009 mainly as a result of increased volume of energy sold. Revenues generated from power distribution amounted to P=239,164 million for the year ended December 31, 2010, higher by 34% compared with P=178,752 million in 2009. Pass-through charges increased by P=48,442 million, or 33% to P=195,435 million compared with P=146,993 million in 2009, as a result of higher average generation charge during the year, partially offset by the decrease in the average recoverable system loss charge to P=11,567 million from P=16,108 million. Costs and expenses of the power distribution segment increased by P=55,211 million, or 32%, to P=225,905 million in 2010 compared with P=170,694 million in 2009. For the year ended December 31, 2010, purchased power costs amounted to P=200,916 million, an increase of 33% from P=150,928 million in 2009 brought about by the higher electricity consumption particularly from the industrial customers and increased in average purchased power cost per kWh. Operations and maintenance expense increased by P=2,100 million, or 15%, to P=15,711 million for the year ended December 31, 2010 compared with P=13,611 million for the year ended December 31, 2009 brought about by the increases in salaries and wages and provision for doubtful accounts. MERALCO’s liquidity increased as the current and quick ratio rose in 2010. On the other hand, the company’s collection of receivables had dropped down from 72 days of 2009 to 54 days of 2010. This means the company is having a good turnover when it comes to it receivables. in this connection, the company achieved the 74. 46 times of inventory turnover that resulted to a higher sales. 0. 65 debt to total asset ratio and 30. 28 times interest earned proved that the company is solvent and able to meet its interest obligations. Revenue earned was effectively converted into actual profit despite of a higher total cost of expenses still the company gained a 59% increase in net income. As far as asset is concern, the company is efficiently utilizing its asset that resulted to a favourable profit. And because of the increase, we can say that the company is profitable and this could gain the trust of shareholders and may attract investors. RECOMMENDATION MERALCO’s total performance could be the basis of prospective investors to invest and it could be the reason why present stockholders will continue to do business with the company. A favourable increase in sales as well as the increase in net income may not be an indicator of a total good performance of a company. The management should still preserve its good turnover on assets and inventories to preserve its stockholders and the legacy that MERALCO had started ever since. The company should sustain its good performance since it’s the number one electricity supplier here in the Philippines. The service should be enhanced and be improved as well. Customer’s refund should be minimized as well as the receivables. The company should think of a better way of reducing refunds and receivables without sacrificing it’s service and trust of the customers. Assets should continue to increase and be utilized in the right manner. Acquiring of assets should be done in the right time so that the company will not suffer in paying its unwanted debts. Continuous improvement and innovation when it comes to service is highly recommended for the company to hold its present position in the market. MERALCO should continue to give light and power to the entire archipelago.

Assimilation, Ethnic Pluralism, and Transnationalism

Assimilation, Ethnic Pluralism, and Transnationalism Human beings experience forces to conform when they migrate into new and culturally foreign atmospheres. Immigrants may adapt to the cultural and social practices of their host communities through assimilation, ethnic pluralism, or transnationalism. These forms of adaptation have a number of similarities and differences that make them appropriate in different conditions.Advertising We will write a custom essay sample on Assimilation, Ethnic Pluralism, and Transnationalism specifically for you for only $16.05 $11/page Learn More Assimilation involves the incorporation of the minority immigrant groups into the majority group. They adopt the culture of the majority community. Ethnic pluralism, on the other hand, does not involve full integration. The minority communities retain their cultural and social distinctions, as they dwell in foreign countries. Transnationalism is the next mechanism for conformation. It applies to migrants who do not stay in one country but continuously cross-national borders. Assimilation has negative psychological consequences. Leading researches say that migrants who culturally assimilate experience advanced levels of stress and metal problems. In addition, such immigrants live under fear if they conform due to external forces. This is because it is not possible for immigrants, particularly first and second generations, to assimilate completely. Usually, if immigrants do not experience social assimilation, they cannot experience cultural assimilation and identity assimilation. The latter is the perfect form of assimilation, yet is difficult to achieve. Unlike assimilation, the modern society widely accepts transnationalism. This form of adaptation helps individuals to maintain social connection across national borders. In so doing, immigrants increase positive relationships between receiving countries and home countries. This helps immigrants to have an economic impact in two countries simultaneously. Immigrant entrepreneurs bring capital from their home countries and invest in the foreign countries. In return, they repatriate some of their profits back home.Advertising Looking for essay on ethnicity studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Transnational immigrants have the opportunity to influence politics in the host country. They can also influence politics back at home. However, in practice, only a few of them make use of the absentee ballot. Immigrants can develop transnational identities. They may identify with both their home countries and receiving countries. However, it is always not easy for them to identify fully with receiving countries. This is because immigrants, especially high-skilled immigrants, rarely have negative encounters in host countries. Therefore, they maintain national identity with home countries and endeavor to build national identity with host countries. This usually leads to rising of cosmopo litan individuals who have developed transnational identification with many nations. Many people also appreciate ethnic pluralism. It works when the majority communities and minority communities tolerate each other. In this case, each community learns from each other. In addition to transnationalism, assimilation and ethnic pluralism cause identity change. Immigrants experience an increase in levels of loyalty towards their home countries. Immigration, also, disrupts an individual occupational identify. Individuals who work as middle class employee in their home countries cannot find similar jobs a broad. They end up doing unskilled jobs. Their social position in the society also declines. When immigrating, people should be aware of their right to movement, expression, and association. The information is useful in choosing the right ways to conform to their host communities. Assimilation has a number of setbacks and, therefore, not fit for immigrants.Advertising We will writ e a custom essay sample on Assimilation, Ethnic Pluralism, and Transnationalism specifically for you for only $16.05 $11/page Learn More Individuals should embrace ethnic pluralism while permanently dwelling in foreign nations. However, immigrant who can take advantage of globalization should not embrace either assimilation or ethnic pluralism. Transnationalism offers many advantages to both the receiving and sending countries.

Cell phones and the dangers of them Essay Example | Topics and Well Written Essays - 1500 words

Cell phones and the dangers of them - Essay Example Cell phones should not be banned, but its' usage should be limited. Can you remember the last time you walked down the street, or sat in a caf, or engaged in any public activity and did not see a cellular phone In just about every public place a cell phone would be visible as would be ring tones of the latest sound track and in different languages. Cell phones have become so common that it is likely to see a group of friends hanging out together but each engaged in a conversation with someone else on their cell phone. The use of cell phones cannot be avoided, whether it's a business man calling to check on his appointments, or a mom calling to check on her kids, or just teenagers calling to talk with friends; whatever the reason might be, cell phones are being used by just about everyone. Who is using and why they are using cell phones are the obvious questions with simple answers. The main question to address then arises, is using a cell phone really dangerous and what can we do about it It is important to note that cellular phones are still considered a new invention and it is too soon to tell if serious health problems are really caused by using such devices. However, a lot of research has been conducted in the past few years and many of the researchers are having a controversial debate to the severity of the problems caused by cell phones. According to www.cancer.org, "some recent studies have suggested that long-term use of cell phones may increase the risk of acoustic neuroma, a rare tumor that develops in the nerves near the inner ears."1 Even though this study has not been hundred percent certified as of yet, it is still something serious to look into. Would you really like to continue using cell phones thinking there is a possible you might develop a "rare tumor" All of a sudden, the prospect of having long conversations about nothing in particular does not seem very appealing. There are many ways to deal with this problem though. Just because a suspicion tells us that there is a possibility of a health-risk does not necessarily mean we should all panic and throw out our phones. As indicated by the Food and Drug Administration Center for Devices and Radiological Health and the Federal Communications Commission, "If there is a risk from these products -- and at this point we do not know that there is -- it is probably very small." 1 For those users who are still not convinced and suspect that cell phone poses a great threat to their health, they are advised to limit their cell phone conversations. Another helpful way to prevent health issues is to wear a headset instead of putting the cellular to your ear, that way the cell phone itself has less direct contact to your head and cell tissues. 1 Yet, there are other sources that state the risk of health-related problems from cell phones is neither a suspicion nor a myth, but rather a fact. According to British physicist Dr. Gerald Hyland, "If mobile phones were a type of food, they simply would not be licensed."2 That is a very strong statement to make about an obvious safety question and concern. In another cancer related website, Dr. Gerald Hyland is quoted again and this website does not talk about mere suspicions but rather addresses the matter in a very serious manner. To focus on why cell phones are possibly considered unsafe, the website explains that the cell

International business Case Analysis - Wal-Mart Essay

International business Case Analysis - Wal-Mart - Essay Example Why was Wal-Mart unsuccessful in Germany, withdrawing in 2006, and relatively successful in the UK? 12 Reference 16 How attractive was the discount retailing industry in the USA when Wal-Mart first began operations in the 1950s. The US retail industry has considerably changed over the few decades due to two related trends, one being the discount retailing and second factor is the increasing prevalence of the large retail chains. The discounting retailing sector is controlled by chains. The concept is fairly new and the first discount store appeared in the 1950s. Discount retailing is one of the most dynamic sectors in the retail industry. Until 1990s two important retail chains were Wal-Mart and Kmart (Jia, 2007, p. 5). The retailing industry is known to be the second largest industry across the globe with respect to total number of establishment as well as total number of employees. The retail industry generates about $3.8trillion annually. The top five retail industry operating acr oss the world are Wal-Mart, Target, Home Depot, Costco and Kroger. Wal-Mart apart from being the largest retailer globally is also the largest company and generates approximately $256billion sales annually. In discount retailing industry the two main competitors are Wal-Mart and Target. ... With regards to Wal-Mart, suppliers who do not maintain or live up to the expectation of Wal-Mart point of system are thus replaced. Wal-Mart being a big brand and is powerful enough to make the suppliers recognise the fact and the situation when they do good business and thus can very conveniently switch suppliers at its convenience when they do not perform the work as expected. The suppliers also cannot afford to lose on the big brands, the key players and hence the supplier power tends to be low. As shown above the bargaining powers of customer are relative high as discount retail purchase can be substitutable and thus consumers has the power to go between the competitors depicting a high bargaining power. The switching cost involved in shifting from one competitor to another is also low and the consumers demand for high quality products at discount price. It is important to understand that consumer as individual does not have bargaining power with the retail stores but as a group consumers can demand a higher quality product at low price. Consumers are also price sensitive as a result the suppliers need to keep the price low to succeed indicating high customer power. Threat of new entrant is particularly low in the discount retailing industry as there exist a high barrier to enter the discounted retail industry with respect to investors, capital and competition. The huge capital required by a new entrant to compete with all the established retailers will take a longer time and establish them in the retail market. Although the switching cost is low for the consumers but brand loyalty towards a particular brand are relatively high and consumer would not like to shift towards a

CCNA Basic (Final Assignment) Essay Example | Topics and Well Written Essays - 1000 words

CCNA Basic (Final Assignment) - Essay Example 4. Define redistribution filters, if desired. 5. Enable redistribution, if you defined redistribution filters. 6. Modify default global and port parameters as required. 7. Modify OSPF standard compliance, if desired To enable OSPF enter enable ospf and respond to the prompts: OSPF Config>enable ospf Estimated # external routes[0] 200 Estimated # OSPF routers [0] 60 OSPF Config>set area Area number [0.0.0.0] 0.0.0.0 Authentication Type (0:NONE, 1:SIMPLE, 2:CRYPTOGRAPHIC) [0] 1 Is this a stub area [No]: OSPF Config>set interface Interface IP address [0.0.0.0] 172.16.100.030 Attaches to area [0.0.0.0] 0.0.0.0 Retransmission Interval (in seconds) [5] Transmission Delay (in seconds) [1] Router Priority [1] Hello Interval (in seconds) [10] Dead Router Interval (in seconds) [40] Type Of Service 0 cost [1] 5 Authentication Key Retype Auth. Key Message Digest Key ID [0] MD5 Key Retype MD5 Key Override the default OSPF interface-type [No]: y OSPF interface-type override (1=broadcast, 3=NBMA, 5=point-to-multipoint) [0] 3 Poll Interval [120] Forward multicast datagrams [Yes]: Forward as data-link unicasts [No]: OSPF Config>set virtual-link Virtual endpoint (Router ID) [0.0.0.0] 10.10.10.1 Link's transit area [0.0.0.1] Retransmission Interval (in seconds) [10] Transmission Delay (in seconds) [5] Hello Interval (in seconds) [30] Dead Router Interval (in seconds) [180] Authentication Key Message Digest Key ID [0] Message Digest Key Retype Message Digest Key (c) Configure manual summarization for 10.201.1.0/24, on serial 2, using EIGRP - using an example of one default route hostname branch1 ! interface Serial2 ip address 10.201.1.0 255.255.255.0 ... router eigrp 10 redistribute static metric 56 100 255 1 255 network 10.201.0.0 ! ip classless ip route 0.0.0.0 0.0.0.0...This will allow you to have 32 subnets (25). After using the five bits for subnetting, you are left with 11 bits for host addresses. Therefore, this will allow each subnet to have 2048 host addresses (211), 2046 of which could be assigned to devices. (d) Configure DHCP using a pool called 'ISP' containing 10.10.0.0/16. Include the default gateway of 10.10.0.01 and a DNS server at 10.10.0.5. Exclude the range of IP address from 10.10.0.1 to 10.10.0.15 Edit the /etc/dhcpd.conf file to configure DHCP service. In our setup, the server has IP address 10.0.0.1 and provides IP addresses up to 253 clients. Configure /etc/dhcpd.conf according to your environment:

The Concept Of Doubt Philosophy Essay

The Concept Of Doubt Philosophy Essay About 4th century BC when the anti-vedic Movements like Buddhism etc has started, The exponents of the vedic Philosophy and religion keenly felt the need of showing greater accommodation to rationalistic modes of thought. The rationalistic sources available for vedics religion and philosophy has to be pooled together and kept fit for defensive and offensive use. And Hence the Nyaya with epistemological exegesis and the Physics and logic of the anti- vedic vaishesika were put together. The doctrines of these two schools were systematised and redacted. Hence it was the time when the Nyaya-vasishesika had merged together, now all we are studying in nyaya is the Physics of vaishesika and Logic and epistemology of Nyaya. Though there are some differences in respect to Physical laws of in Nyaya and Vaishesika they have so many common points, hence they were merged together. The Vasihesika and Nyaya are not restricted to their scope and aim to logic in a narrow sense, With the material of the Vaishesika and its Physics along with Nyaya forms a complete system of epistemology and logic combined to some extent with psychology, Physics, ethics, ontology, religion. Such a mixed composition of Indian philosophical system is due not to any lack of appreciation of differences of value in different things, but rather to cultural outlook of India, Which is dominated by an intense desire to synthesize all the departments of knowledge in a scheme of progressive realization of truths and the universe we live in. The scheme of Nyayas external relation, its dialectic machinery, its theory of truth and error, its creationistic view of causation, its thought measuring devices and precise formulas form its ever-spread never fading foliage. Its chief boast is its Logical dialectic machinery, which the believers and the heretics, The astikas and the nastikas alike, cannot do without. In Indian Philospohy it is said that whoever knows the Nyaya, knows the pramana,is a pramanavith, i.e a philosopher in a strict sense Nyaya signifying logic is etymologically identical with Avyaya the five membered syllogisms. Nyaya defined in many ways like the Hetu-Vidya or Hetu-sastra means the science of causes, Anvikishiki The science of inquiry, Pramana sastra the science of valid knowledge, Tattva-sastra the science of categories , Tarka sastra the science of reasoning , Vaddahrta the science of discussion and Phkkika sastra the science of sophism. Nyaya is chiefly concerned with Valid Knowledge and its source.The Nyayas Realism and the Vaishesika Atomistic Pluralism when put together is called the theory of everything. Hence Nyaya combined with Vaishesika can be called as The theory of everything in one word. Beginning from the vast universe to the atoms in the matter every thing was clearly explained by two great scientist of the ancient India, They are Kannada and Gautama. These people should be identified as scientist rather than sages. These two scientists and explained the major concepts regarding man, nature, society and science.. Their works are undoubtedly greatest contributions to the Mankind. Even when I entered the field of nyaya, I was amazed to see that how, these ancient scientists has coined the definition of Gravitation and Sound. It was mentioned that sound travels in the form of waves. Not only these the famous Newton 3rd law That every action has an equal and opposite reaction and the Einsteins concept of matter,I.e matter can neither be created nor destroyed was clearly explained. The name Kannada itself suggests that Atom -eater,He had done extensive research on the atoms and had a very scientific approach towards the universe. When I came through these concepts,I was really amazed, that how these people can formulate these postulates some 2600years ago. At the same time there are many lapses and misconceptions too, we do not know whether these were in the original texts or induced in between. Here I would like to mention one quote of the Famous economist of the ancient India- Pradipaha sarva vidyanam Upayaha sarva karmanam Asrayaha sarva dharmanam anvikishiko Matha!! This is the Quote of Kautilya the Great Philosopher who proposed theory on economy famously called artha sastra This means- Nyaya has ever been esteemed as lamp of all sciences, the resource for all the actions and the shelter of all virtues Of all the Nations in the world the Indians and Greeks appear to to have developed Logic and epistemology to large extent, Independently. except the Five membered Syllogism. Indian Logic is dated back to 6th century BC and the Greek logic originated in the fourth century BC though its germs can be traced a little earlier in the controversies of the sophist and Socrates . The Aristotle can be called the Gautama of Greece. The five membered syllogism is a gift from India to the Greeks.it is written in the history that the Indians meeting some foreign person at sweetadweepa had taught this syllogism to the Greeks.( controversies are there regarding this) Although the word Logic is being used as a synonym to Nyaya, but it is not Identical with it. Logic only covers some of the subjects of Nyaya. The Indian Logic and epistemologys development can be divided into three periods namely Ancient (650BC-100AD) Medieval (100AD-1200AD) Modern (From 1200 AD) Nyaya originated in the ancient period i.e before 650BC and there are many commentaries on the Nyaya and, some thousands of commentaries are there are on the Nyaya-Sutras of Gautama and at the same time there are many commentaries which actually misinterprets the Concepts of Nyaya. During the medieval period Navya-Nyaya had came into existence which had misinterpreted the many concepts of the Nyaya Philosophy and during the modern period there were many commentaries written on the Navya Nyaya, Thus totally ignoring the original Nyaya sutras(Tenets). But the Nyaya is unapproachable to the English speaking world as the texts are in Sanskrit Language and most of the translated texts are covering only the first part of the Nyaya and even those translations arent totally based on the concepts of manuscripts. The nyaya sutra contains five Adhyayas (books); each Adhyaya consists of Anhikas (chapters); each Anhika has a number of sutras (aphorisms). According to the standard method mentioned above Gautama has discussed his categories and subcategories in different parts of his work. The commentators follow his treatment. Generally this discussion involved refutation of contrary views. Since the commentators refer not only to such views as are mentioned by Gautama but also not only development the exposition tends to become complicated. In order to highlight the basic doctrines and arguments of the Naiyayakas(people who follow Nyaya) and opponents I have classified the themes of the nyaya sutra under the following main heads: central theme Theory of Cognition Concept of proof It is well known fact that the authors of Nyaya and vasihesika are Gautama and Kannada, it is difficult to say that whether the systems started separately or and being allied in general attitude and view point became mixed up in later ages or an original fund of floating Ideas. The word Nyaya popularly signifies right or justice,Hence the Nyaya sastra is the science of Right judgment or reasoning, the Chinese can-li and the Tibetans rigs-bstan-bcos as equivalents of the Sanskrit Nyaya-sastra, expresses exact the same meaning. In fact the Nyaya(Logic) was in course of time deservedly held in very high esteem. If it were allowed to follow its original course unimpeded by religious dogmas, it would have risen to the very height of perfection, Nevertheless the principles of Nyaya entering into the different systems of Philosophy gave them each its proper compactness and cogency just as Bacons Inductive method shaped the sciences and philosophies of a later age in a different country.it is however to be regretted that during the last five hundred years the Nyaya has been mixed up with Law(Smrirti,Rheotric(alanakara),Vedanta,etc) and thereby has hampered the growth of those branches of knowledge upon which it has grown up as a sort of parasite. But the subject is an never aging queen. The Concept Of Doubt in The Great Indian Philospohy Introduction Every school of philosophy in India has attempted a theory of knowledge on which its metaphysical and axiological structures are based. The ultimate goal of philosophizing, and for that matter of all human enterprises, is to realize perfection or fullest all round efflorescence of ones potentialities (moksha or nihsreyasa) as the summum bonum of life and existence. For this realization knowledge of reality (Tattvajnana) is essential and necessary prerequisite. So, a theory of knowledge is regarded as propaedeutic to a theory of reality because before knowing the reality one has to know knowledge itself. This requirement is grounded in the fact that to philosophize is to reflect on the nature of reality given in experience. Every experience is caused by and pertains to an object. This reference to an object can be cognitive or non-cognitive like emotive, volitional etc. A cognitive reference consists in revelation of an object (pakasa) or in making a cognizer aware of it. Though every cognitive reference reveals an object, there is always a possibility of going astray in this reference and there is no guarantee that it will adequately and faithfully reveals its objects. This possibility of error and doubt in cognitive reference necessitates an enquiry in to is veracity. The entire epistemological pursuit begins and centers round this task. So along with consideration of objects of knowledge (prameya) and modes of knowing (pramana) there has to be awareness abut error and doubt as well so that they can be eliminated. Need for evidencing knowledge:- A cognitive reference is cognition of an object in terms of its existence, nature, characteristics, relations and functions etc. It may reveal its objects as it is (yathartha) or different from what it is (ayathartha) or there may be lack of determination of this (samsaya). That cognition is knowledge which reveals its objects as it is, i.e. which is non-discordant (avisamvadaka) with its object. Such cognition is technically known as Valid cognition prama (pramana in some schools where no distinction is drawn between prama and pramana). All other varieties of cognition are treated as different from knowledge. In other words, only that cognition can claim the status of knowledge the non-discordances or truth of which is well established through adequate evidences. There has to be assuredness/indubitability (asamdigdhatva) with regard to the truth of that cognition. The truth of knowledge is to be established on the basis of cogent and convincing evidence known as pramana. Indian thinkers point out three essential components of knowledge. They are cognitive reference to an object (arthavisayakatva), exactitude of reference (yatharthatva) and indubitability (asamdigdhatva) about exactitude. The object must be real and not fictitious. The exactitude of reference means true apprehension of the object and indubitability means adducing adequate and sufficient evidence (s) for its truth. In this essay an attempt will be made to analyze the phenomenon of doubt in its diverse forms and facets and with different perspectives. The treatment is not confined to any one system of thought as the chief feature of Indian thought is {bahuuidhavada and the mode of philosophizing is Vade vade jayate tattvabodhab} Importance of doubt Doubting is very important in human life to avoid credulous nature leading to blind faith and dogmatic belief. That is why Lord Buddha used to advise pariksya madvacah grahyah'(Accept what I say only after proper inquiry). This is what Pyrroh said in respect of Stoics in ancient Greece. Vatsyayana, the commentator on the Nyayasutras, opines that inquiry or logical investigation begins only in respect of samsayite arthe (doubtful object of cognition), thought of course Jayanata, another Nyaya thinker, states that samsayamantarenapi inquiry can begin apart from doubt as well. The other factor can be jijnasa (inquisitiveness), sisadhayisa (will to prove), or pariprccha (questioning attitude). That is why in Indian epistemological thinking we find different approaches to paksa'(Subject) mainly discussed in the context of anumana(Inference). Need to eliminate doubt Though doubting is useful, persistent doubting is detrimental, as Yajnavalkya rightly says about persistent questioning in the Brhadaranyakopanisad. Doubting can be a starting point for rise of knowledge or for verification of knowledge. This is what the Bhagwadgita advised (Tadviddhi pranipatenapariprasnenesavaya) or Lord Buddha advised as stated earlier. But persistent doubt is harmful to mental peace (anistanivarana prasanga). That is why the Bhagvadgita says, Samsayatma Vinasyati$. In order to have unwavering acivity (niskampapravrtti) also resolution or elimination of doubt is necessary. So doubt should be initial and not final. Here a distinction can be drawn between cessation of doubt and elimination of doubt. Cessation of doubt is psychological and elimination of doubt is logical. Psychological satisfaction may lead to cessation but doubt may crop up again. Only logically there can be final elimination. This distinction becomes significant in context of the controversy between Udayana and Sriharsa and Sriharsa and Gangesa and we shall revert to it later on. A deeper analysis of this issue is really enlightening and outstanding contribution to epistemology. Some conceptual distinctions The theorizing about doubt is known as samsayavada in Sanskrit. Samsayavada (Skepticism) is to be distinguished from Ucchedavada (Nihilism). In Ucchedavada doubting leads to denial of possibility of acquiring knowledge. It can be brought under Vitanda{Cavil}. The Tattvoplavasinha of Jayarasi Bhatta belongs to this category. Likewise, skepticism is to be distinguished from Agyeyavada (Agnositism). The Neti Neti statement of the Upanisads can be subsumed under this. In Lokayata/Carvaka philosophers and in Bhrtrhari, the author of Vakyapadyi (II.32-35), we find Limited Skepticism. In Nagarjuna (Vigrahavyavartini and Madhyamikakarika) and Sriharsa (Khandanakhandakadya) we have Methodogical Skepticism. In the western thought we find several other verities of Samsayavada like Epistemological Skepticism of Descartes and Psychological Skepticism of Hume. One can find their parallels also in Indian thought referred to in the Pali Tripitakas. It has to be noted that the Lokayata Skepticism has provided tremendous impetus for the development of Nyaya and Buddhist epistemology. Likewise Sriharsas contribution can not be minimized in respect of Gangesas philosophy. It is not the objective of this essay to go into details of these multiple approaches and their inputs. Hence landing on the point Nature of doubt Gautama in the Nyayasutras has given a very precise and comprehensive definition of samsaya which needs cognizance and analysis. He defines it is follows: Samanekadharmapapatteuipattervipatterupaladhyanupalabdhyavyauyauasthtasca visheshapekhso vimarsah samsayah. It can be split as follows: Samanadharma Anekadharma Tayorupapatti Vipratipatti Upalabdhi Anupalabhi Auyauashasca Visheashapeksah Vimarsah The above definition can be explained as below: Doubt arises due to having conflicting notions about one and the same object. Here mind oscillates (dolayate) between two or more alternative characterizations of that object arising from the cognition of common qualities of two or more objects and non-cognition of specific qualities of that object. Due to intervention of memory (Prasastapada rightly brings in the role of memory) mutually incompatible notions are suggested simultaneously and there is no fixity on any one notion resulting in absence of firm-assuredness in any one. Here there is no assertion or denial of any one and hence there is no definite judgment. It is absence of assured cognition and oscillation between conflicting notions. Symbolically it can be put as It may be this or that or It may be this or that or none or something else. Now let us Know the difference between the Nyayas philosophical terms like Prama,Viparyaya,samsaya and anadhyvasaya Difference among prama, viparyaya, samsaya and anadhyvasaya: It may be useful to draw brief distinctions among some cognate epistemic terms stated above. Prama stands for a true cognition which carries certitude in its truth. It is uni-judgmental and well-evidenced. Viparyaya means a false judgment which was earlier taken to be true and later on its falsity is exposed on valid grounds and assuredness in its truth is withdrawn. It is also uni-judgmental. Samsaya is multi-judgmental and here there is no fixity on one single judgment. It is indecisive (anavadharanaka) Anadhyavasaya is incipient cognition. It is vague sensation. It is unripe cognition and non-judgmental. We may not call it as cognition at all. That is way in the Nyaya system it is not given cognizance. It is also different from pre-judgmental cognition known as nirvikalpaka pratyaksa in sanskrit. Samsaya is also to be distinguished from Iha accepted in the Jain tradition. {Likewise Pt. Badarinath Shukla in his Hindi Commentary on the Tarkabhasa of Kesavamisra has differentiated samsaya from samuccaya. But he regards sambhauana (probability) as a variety of samsaya. } Typology of doubt On different grounds there can be different classifications of doubt. One classification can be as follows: About the existence or absence of an object, e.g. whether a tumor is cancerous or not, or whether God exists or not etc. About properties of a substantive e.g, sound is eternal or not, or whether light traverses in the form of waves or corpuscles. About the presence of this or that object, e.g. whether it post or human. Here the alternatives can be two or more. The alternatives may all be false and this may necessitate further investigation. The alternatives may all be true in different contexts or from different perspectives. Or, only one alternative may be true and the rest false. It will be an interesting as well as rewarding exercise to work this out. The other typology is on the basis of type of pramana(valid knowledge. For example in the Nyaya system four types of pramanas are accepted and hence there can be four types of doubt pertaining to perceptual, inferential, testimonial and analogy-based identificational cognitions. Generating conditions of doubt Doubt may be generated by any defect in the causal collocation (karana samagri) of knowledge as follows Defective functioning of cognitive senses due to various reasons. Epistemological thinkers have discussed these factors in great depth. Doubt may be generated due to faulty intervention of memory Mental delusion or disturbance may cause doubt And finally absence of conclusive evidence may result in doubt. Role of Tarka in removal of doubt. We may now revent to the problem of elimination of doubt. Just as doubting is helpful in arriving at truth, removal of doubt is also equally needed. Doubt arises due to presentation of conflicting alternatives (kotis) which may be contrary or contradictory each one claiming truth. This leads to oscillation and indecision in mind. So doubt has to be overcome to remove the deadlock and unless this is done, knowledge cannot be arrived at. In the case of different pramanas there are different modus operandi. For example , in the case of perceptual and analogical cognitions repeated observation, controlled experiment, crucial evidence (vinigamaka) etc. are helpful. In testimonial cognition conscience may be helpful but it cannot provide logical elimination. The Purva Mimamsa system accept Codana for this purpose which is regarded as infallible. But this problem of elimination of doubt has been discussed threadbare in the context of anumana(Inference) and this needs some analysis. The Carvaka/Lokayata thinkers raised serious objection for accepting validity of anumana(inference). Bhartrhari gave a classical formulation to their objections. This was extended by Nagarjuna and Sriharsa in their own way. Though Udayana in Nyayakusumanjali (Chapter III) and Santaraksita in Tattvasamgraha (1481-3) try their best to answer Carvaka/Lokayata objections, their replies have not been logically satisfactory. Any recourse to tarka or kalpana does not satisfy logical requirements. Udayanas arguments have been responded be Sriharsa and Gangesas replies to Sriharsa have been infirm. One may even refer to Raghunathas commentary on Khandanakhadyakhadya for this . Tarka rests on contradiction and contradiction itself rests on tarka. This involves the fallacy of pititio principi. In fact no human experience is immune from doubt and Sahara, the Purva Mimamsa thinkers, are right in this. For empirical purposes epistemology works well ultimately it falls down. That is why Adi Samkara has put all pramanavyavahara under avidya following the Upanisads. The point is that only on psychological grounds doubt can be resolved and there can not be logical elimination of doubt. The devil of doubt will always haunt human cognitive enterprises and we have to put up with that. But this is not pessimism but a warning to be vigilant. We do need epistemological inquiries but we have to be cautious and on the guard.