Tuesday, August 6, 2019
English Colonial Policy Essay Example for Free
English Colonial Policy Essay England first set out for the New World as a response to the Spanish example. Spain had been the first European power to explore this new land, and upon their return showed how valuable a venture it was. Englandââ¬â¢s first objective in exploring the New World was to find a North-West Passage to open up trade with China. They were highly unsuccessful, and shifted their focus south toward New Spain. Their attempts to settle and establish colonies failed on many occasions, until the establishment of Jamestown. The settlers quickly adapted to the Native American process of cultivating tobacco and grew it in massive quantities, much of which was exported back to England. Englandââ¬â¢s main objective in establishing North American colonies was to seek fortune for the monarchy. They had been witness to the Spanish endeavors that proved highly valuable. They also wished to spread Christianity in the new land. The English monarchy saw many opportunities as Spanish power was declining. The first method employed by England to gain power oversees was privateering, in which gold and slaves were stolen from Spanish trade ships. Tobacco became their most useful tool in developing more and more massive settlements. Tobacco could be exported to England for a very high price, enabling colonists to use profits to expand their towns and inhabit much of the coast. Much of Englandââ¬â¢s population was in poverty seeking new opportunities. Most could not afford the cost of transportation to the New World. In hopes of creating better lives for themselves, thousands of people signed indentures to go work in the New World. This fueled colonists and tobacco planters to expand and further the spread of English colonialism. The Virginia Company had governance over Virginia in the beginning of its colonization. They formed a House of Burgesses to make laws and govern their inhabitants. In 1624, King James named Virginia a royal colony, in which the laws passed by the Burgesses had to be approved by the Kingââ¬â¢s bureaucrats rather than the Virginia Company. He appointed the colonyââ¬â¢s governor and his council. The government of the colonies strictly enforced social distinction between classes. In the New England colonies Puritans dominated the government, and fought for Puritan values. The free man had much more influence on his government than he would in Spanish or French colonies. The government in the English colonies was in many ways Democratic in the sense that it had much focus on the voice of the governed. The English relationship with the Native Americans was very much back and forth. The English had an entitlement that they were superior to the Native Americans. There were times when the colonists depended on the Natives for food and survival during winter. Some tribes cut off the colonists food supply in hopes that they would leave, but the English instead raided their villages and stole their food. An uprising of Natives on March 22, 1622 ended in the death of 347 colonists, which was ââ¬Å"almost one-thirdâ⬠of the population in the settlement (Roark 54). This event may very well have landed the Native Americans on the enemies-list of the English colonists. Works Consulted Eden, Jason, and Naomi Eden. Views Of Older Native American Adults In Colonial New England. Journal Of Cross-Cultural Gerontology 25.3 (2010): 285-298. Academic Search Premier. Web. 25 Jan. 2013. Roark, James L. The American Promise: A Compact History Volume 1: To 1877. 4 ed. Boston: Bedford/St. Martins, 2010. Print.
Monday, August 5, 2019
Analysis of Alcohol Advertising in the UK
Analysis of Alcohol Advertising in the UK Advertising for the UK alcoholic sector has gained far stricter guidelines and regulations over the last few decades. Do you agree that the advertising of alcohol should be restricted to such an extent and how far do you believe any governments should be able to control advertising? Introduction According to this essay, the controling in alcoholic advertising by government will be examined. In past few years, the alcoholic advertising became more and more stricter in Britain, also the government had been established more guidelines and regulations. The essay will be divided into three main parts. First, the background of advertisig of UK should be introduced. Second, the arguments for the government should or shouldnââ¬â¢t be restricted will be discussed, it will be explained that why the alcoholic advertising should be constrained. Then, how much should the government be involved in advertising will be suggested, and the reasons of any governments should try them best to control some types of advertising will be listed. Main Body And these actions may bring about intense reactions in society of UK, some groups like alcohol manufacturers and alcohol beverage sellers will disagree the release of these regulations and guidelines. But most people agree that the advertising of alcoholic beverage should be restrained. First of all, the background of advertisement of UK should be introduced, it can be divided into many types, including TV advertisements, radio advertisements, advertisements on newspapers or journals and so on. As for the supervision of advertisements, it includes the Broadcast Advertising Clearance Centre(BACC), TV operators and Advertising Standards Authority(ASA). And in TV ads in UK, alcohol products advertising occupy the quite large percent, so there are so many rules to restrict those ads, for instance, the new ads rules clearly indicate that the alcohol ads can not have the contents of seducing youngsters to drink alcohol or alcohol abuse, and those ads which have connection with alcohol and sex also should be forbidden. And these such restrict rules continue to expand space, and Code of Advertising Standards of Behaviour points out that those young sports celebrities, pets and even cartoon characters should not be in the ads of alcohol beverages.(Leng, 2005). Every coin has it two sides. Some people think government shouldnââ¬â¢t be restricted in advertising, likes some groups or corporations, which involve in the relevant alcohol beverages manufacturing and selling activities, because these rules and regulations will make them lose profits. But most of people agree with that the culture of drinking in UK is ingrained. Too much alcoholic advertising would result in cut-throat competition. There has a long history about the tradition of drinking culture, and pubs can be seen everywhere. The popularity of social media even promote the intrusive of alcoholic advertisements, nowdays, the advertisement plays an significant roles in many aspects in our lives, it effects the consumer psychology, which could stimulate consumers to purchase their products through these advertisements, especially those young people are impulsive, they can be easily seduced to purchase products like alcoholic beverage. The children about 10 and 11-year-olds are m ore likely to recognize Carlsberg lager than Ben Jerrys ice cream, and theyre more familiar with fictional characters in a Fosters beer commercial than with those from an ad for Cadbury chocolate. Alcohol is linked to a 25% increase in liver deaths in the past decade, and binge-drinking has become a problem for the middle-aged and middle-class as well as for out-of-control youth (HALL and EMMA, 2012). In a report on the governments alcohol strategy, the MPs said wider measures could be implemented in Britain that would ban all alcohol advertising on television, in cinemas and of sports events. (Rebecca Smith, 2012) the alcohol will bring more damage to mental and physical of human being, especially the behaviour of alcohol abuse will have great impact on people and the social security also will become more unstable. according to the statement of British Home Secretary Theresa May, taxpayers have to pay 21 billions pounds for drunkenness hazard a year, and one of the main reasons of that is the ads of alcohol beverage (, 2014). Henry Ashworth, Chief Executive of the Portman Group, said: UK drinks producers and retailers have a strong track record in delivering programmes of voluntary activity to support government in tackling anti-social behaviour caused by alcohol misuse. These can help avoid any cut-throat competition. Obviously, according to the trend of the times and the desire of the people, the alcohol beverage advertising will be restricted far, and more rules and regulations will be issued to restrained that. As to whether any government should be able to control the advertising, the answer is ââ¬Å"yesâ⬠to some extent, and it should depend on the particular industry advertising, for instance, the tobacco and alcohol industries advertising which could trigger the bad effects to the society should be banned or restricted, and government should establish more detailed rules and regulations to constrain the illegal or inappropriate contents of advertising. And as to the fast development of economy and technology, the types of advertising become more diversification, like TV shopping. As the background of UK advertising supervision structure mentioned before, it is good example for other countries, especially for China, because it has three institutions to supervise the advertising, respectively are revising, improving ââ¬Å"The Independent Television Commission standards of conduct for the advertising industry guidelinesâ⬠, and then BACC will examine the advertising copy, after the broadcast of advertising, Advertising Standards Authority will monitor the reaction of society, deciding whether it should be off the air or not. For instance, as to China, because the lack of advertising monitoring system, leading to current situation of advertising which is disorder competition, there are some suggestions, the first is that developing the standards of advertising enterprises qualification, and second is that developing standards of advertising employees qualification. On the whole, China should strengthen the macro-control of the advertising industry, creating more healthy, harmony and sustainable environment of advertising. (Bi, 2010) Conclusion To sum up, the British have traditional drinking habits, which can bring more disadvantages, such as unsafe living condition and alcohol is bad for healthy. Any government should control the some types of advertising industry, which is bad for our bodies or bring terrible influence, and also promote some types of advertising, which could improve the international competitiveness and enhance the culture connotation. Given this, it can be concluded that this essay has shown the opinion about government in UK should restrict to the alcoholic advertising, any government should control the advertising industry appropriately. Reference: Advertising Age. /2012, Vol. 83 Issue 17, p9-9. 1/2p. HALL, EMMA SOBERING UP THE U.K. PROVES DIFFICULT. Alcohol Alcohol. 2009 May-Jun;44(3):229-43. doi: 10.1093/alcalc/agn115. Epub 2009 Jan 14. Impact of alcohol advertising and media exposure on adolescent alcohol use: a systematic review of longitudinal studies. Anderson P1, de Bruijn A, Angus K, Gordon R, Hastings G. Eur J Public Health. 2014 Aug;24(4):561-5. doi: 10.1093/eurpub/cku060. Epub 2014 May 21. Youth exposure to alcohol advertising on television in the UK, the Netherlands and Germany. Patil S1, Winpenny EM1, Elliott MN2, Rohr C1, Nolte E3. http://www.telegraph.co.uk/health/healthnews/9408380/Ban-on-alcohol-adverts-should-be-considered-MPs.html By Rebecca Smith, Medical Editor 7:00AM BST 19 Jul 2012 Ban on alcohol adverts should be considered: MPs Health Committee The Governments Alcohol StrategyWritten evidence from The Advertising Association (GAS 52) 2012 http://www.publications.parliament.uk/pa/cm201213/cmselect/cmhealth/132/132vw50.htm Alcohol industry takes action to tackle irresponsible drinking From: Home Office, Department of Health, The Rt Hon Norman Baker MP, Jane Ellison MP, The Rt Hon Jeremy Hunt MP and The Rt Hon Theresa May MP History: Published 8 July 2014 Part of: Reducing harmful drinking, Controlling the sale and supply of alcohol,Crime and policing, National Health Service and Public health Bi, B. (2010), What should the Government do for Chinaââ¬â¢s advertising industry, [online] Available at: http://business.sohu.com/20060704/n244085921.shtml> [ Accessed 22nd July 2014]
Sunday, August 4, 2019
Teaching Philosophy Statement Essays -- Education Teachers Essays
Teaching Philosophy Statement In the movie The Matrix, Morphis says to Neo ââ¬Å"I can only show you the door, I canââ¬â¢t open it for you.â⬠The door that Morphis is talking about is this incredible vast knowledge that is unknown to Neo. What better person to show, to teach, to inform Neo than his teacher, Morphis. You see, I see myself as Morphis, the teacher, whenever I step into a classroom. As I look across the room, there isnââ¬â¢t just one ââ¬Å"Neoâ⬠, but there are thirty or forty Neos. This is an extreme job for someone that understands how hard it is to open that door. I have always heard throughout my life that the key to life is knowledge; the key to success is knowledge. These are two different subjects that can be touched upon. Knowledge is powerful, I do understand that; and it can also take you places. When kids are in high school, they donââ¬â¢t care about school; they care about what they look like and who their friends are. They care about other peopleââ¬â¢s opinion upon themselves, not what they think about themselves. This is what I know about the teenage years. Itââ¬â¢s a vast change from having your mother buy your clothes, to worrying about whether or not you will be going to the prom. My subject area that I have chosen is English. English can be ââ¬Å"cool,â⬠it can be fun, it can be educational. English is a subject that can present that door to opportunity that the teenagers donââ¬â¢t know about. I am the person that can show the students that door. I want to be that teacher that they remember when they are 40 years old and wondering who brought them where they are today. I want them to say ââ¬Å"Hey that was Mr. Neal that showed me how this was done, he inspired me to go to college and get a good job.â⬠Now I understand that as an Engli... ... would have never believed that I would want to teach it. I wanted to teach science. Times changed my mind and I wanted to teach English. I know that as an English teacher, times in the classroom need to be fun, creative, and the repetition of a story would not fulfill the need to be expansive. I know that I am smart enough to create a work plan that is different each and every day of the school year. My intelligence isnââ¬â¢t what I pride myself in, but itââ¬â¢s the talent that was given to me, that situation that gives me a chance to meet new people and become a part of them. Itââ¬â¢s that chance to show somebody that door that only they can open up, that chance to inspire them to open that door. I want to be an influence in somebodyââ¬â¢s life, I want to be the teacher that made him or her learn, and see that it can be fun and that it just takes a little time. I am that teacher.
Saturday, August 3, 2019
Gay and Lesbian Liberation Essay example -- Homosexuality
Generations ago, the United States was a country of the male wardrobe. Today's movements for the rights of lesbian, gay, bisexual and transgender (LGBT) community are leveraging the existence of more globalized and open systems. Besides, the promotion of the lesbian, gay, bisexual and transgender population have been acknowledged through smart partnerships within conventional, political and economic scene, while the males and heterosexuals are still pervasive. This paper will focus on the oppression of the LGBT population denying their human rights. However, at the same token showing their struggle to ultimately be accepted in society to some degree will be addressed as well. The gay and Lesbian liberation movement presented the later involvement of the bisexual and transgendered groups. This was considered a significant social force that introduced the reality of this culture during the last several decades. Fortunately, the individuals who had been profoundly isolated from traditional sources gained some support. The sources entail family members, friends and communities. Unfortunately, the LGBT population encountered harsh treatment by their oppressors, as many people were against their way of life. Many of these LGBT individuals were terrorized by other individuals, which also resulted in death. A controversial issues regarding the LGBT population, particularly gays and lesbian has been their privilege to be married. Homosexuality was decriminalized in most states in the Americas. However, homosexuality remains criminally punishable in Guyana, to Belize and part of Caribbean islands (in Jamaica, in Dominica in Saint Lucia, in Barbados, in St. Vi ncent and the Grenadines in Grenada, in Trinidad and Tobago to Antigua a... ...tudies from 1978ââ¬â2000. Scandinavian Journal of Psychology vol. 43 pp. 335ââ¬â351 Bawer, Bruce (1993) A Place at the Table: The Gay Individual in American Society. New York: Touchstone Books Boswell, J. (1994). Same-sex unions in pre-modern Europe. New York: Villard. Dexter, P. (2003). Countering the counterfeit: A case for traditional marriage. . Miller, A. V. (2000). ââ¬Å"Our own voices: a directory of lesbian and gay periodicals, 1890s-2000sâ⬠, Canadian Gay and Lesbian Archives: http:/ / www.clga.ca One, Inc. v. Olesen, 355 U.S. 371 Rasmussen, M. and Kenway, J. (2004), ââ¬Å"Queering the youthful cyberflaneur Globalizing identities, consuming queers: Issues in education and globalizationâ⬠, Journal of Gay and Lesbian Issues in Education vol. 2 no. (1). pp. 47ââ¬â63. Streitmatter, R. (1995). ââ¬Å"Unspeakable: The rise of the gay and lesbian press in Americaâ⬠, Boston: Faber & Faber
Ethical Dilemmas in Harper Lees To Kill A Mockingbird Essay -- Kill M
Ethical Dilemmas in Harper Lee's To Kill A Mockingbird Black and white, right and wrong; do decisions that simple and clear even exist? Does a decision ever mean gaining everything without giving anything up? Many characters in To Kill A Mockingbird are forced to make difficult, heart wrenching decisions that have no clear right answer. Harper Lee presents many of these important decisions in To Kill A Mockingbird as ethical dilemmas, or situations that require a choice between two difficult alternatives. Both of these alternatives have unpleasant aspects and question morals and ethics. A person is put in an awkward position, with their mind saying contradicting things. These dilemmas are presented in many different ways. The decisions in the beginning of the book are simple and can be solved quite easily, yet they are symbolic of later decisions. Other dilemmas place adult-like decisions in the lap of a child. One dilemma concerned a man burdened with the strict traditions of the South. Then there are the two biggest dilemm as, Atticus' decision to take the case and Heck Tate's choice between truth and the emotional well being of a man. Lee's ingenious storyline is established by these crucial and mentally arduous choices faced by the characters. The first half of To Kill A Mockingbird contains many classic dilemmas that serve as models for more important problems later to come. For example, Atticus is forced into a choice between disobeying Scout's teacher and doing what he feels is right for Scout. Atticus wants Scout to retain her respect for the teacher and to continue following her instructions. Yet, he knows that the time he shares with his daughter is very important and is something that will h... ...o take. Unlike plot, the ethical dilemmas do not follow in importance from beginning to end. The most important decision occurred in the middle of the book, however the final ethical dilemma was very important in bringing the reader a feeling of conclusion. The perfection to which the ethical dilemmas were presented and resolved was impressive and key to the stunning impact of To Kill A Mockingbird. Sources Consulted Erisman, Fred. "The Ethical Dilemmas of Harper Lee." Alabama Review April 26, 1983: 122-36. Johnson, Claudia. "The Secret Courts of Men's Hearts: Code and Law in Harper Lee's To Kill a Mockingbird." Studies in American Fiction (1991):129-139. Jones, Carolyn. "Black and White and Atticus Finch." The Southern Quarterly Summer 1999: 56-63. Lee, Harper. To Kill a Mockingbird. New York City, NY:Ã J.B.Lippincott Company, 1990.
Friday, August 2, 2019
Valuing Project Achieve
Introduction After years as a teacher and principal frustrated by the inability to effectively track school and student progress, Stacey Boyd and HBS classmate Mandy Lee founded Project Achieve, an information management system for schools. In a quickly changing industry with fast-moving competitors, Project Achieve aimed to use leading-edge technology to reduce the workload of teachers and administrators while simultaneously keeping parents and students aware of performance. In an attempt to raise capital from an array of investors, Boyd needed to assess the firmââ¬â¢s value before moving forward. Project Achieveââ¬â¢s Competitive Advantage_ Project Achieve hopes to differentiate itself from its competitors via its emphasis on a completely web-based product and its founderââ¬â¢s knowledge of schools and teachers, its two main competitive advantages. As the first mover amongst entirely web-based products, Project Achieve hopes to gain significant market share before imitatio ns of its products appear. Being entirely web-based, the system was created in a standardized manner to allow numerous schools to have the capability to use the system and get support simultaneously. In short, the firmââ¬â¢s products are especially scalable. The company will also collect tremendous amounts of information on students, creating yet another potential revenue stream from advertisers and content providers. Potentially, Project Achieve could evolve into the nerve center for schools. With high switching costs, such a position could be attractive to content providers and other potential acquirers. Compared to NCSââ¬â¢s SASI and ABACUS, Project Achieve has a more integrated web-based design and most importantly, is cheaper. Additionally, Project Achieve features an easier template and user-friendly interface compared to similar systems like IMSeries. With the potential to be used by administrators, teachers, parents, and students, Project Achieve could possibly become the platform for distance learning and communication among the aforementioned parties. This partly rests upon Boydââ¬â¢s ability to gauge the technology needs in academia. Luckily, Boydââ¬â¢s knowledge of the space is one of the firmââ¬â¢s competitive advantages. Unfortunately, the companyââ¬â¢s technological advantages will probably be short-lived after the product hits the market, since competitors are likely to imitate Project Achieve and also move to ntirely web-based products. Additionally, the firmââ¬â¢s marketing strategy depends heavily on the support of governors, but it is questionable whether the firm has the necessary lobbying resources to gain their support. We also question the firmââ¬â¢s ability to entice schools to buy its fee-based program without a sales force. Comparable Company Analysis Based on Exhibit 3 from the case, Project Achieve has nine public companies that can be indentified as comparable. Project Achieveââ¬â¢s closest comparable companies are Click2learn. com, Learn2. com, and Vcampus. These companies are most similar to Project Achieve in that they are all primarily online learning and training courseware. In addition, these three companies are relatively new in the marketplace with the oldest company, Learn2. com, going public mid-year 1994. Finally, these three companies have little to no debt, similar to Project Achieveââ¬â¢s reliance on internal funding. Boyd can use her research on comparable companies in her valuation of Project Achieve to calculate Project Achieveââ¬â¢s beta. The comparable companies could also be used in a multiples-based valuation analysis. Unfortunately we donââ¬â¢t have a complete set of data for each firmââ¬â¢s number of subscribers, otherwise we could have done a valuation based on value per subscriber. _Project Achieveââ¬â¢s Discount Rate_ Boyd should use a discount rate of 19. 0% in her valuation of Project Achieve. This rate was determined using Achieveââ¬â¢s three most comparable companies, Click2learn. com, Learn2. com, and Vcampus. These comparablesââ¬â¢ equity betas were determined based on the movement of the market and company returns since their inception. We unlevered these betas and took the median to estimate an industry beta. We assumed an asset beta of 1. 15 (the median asset beta of the three comparable companies) and a debt beta of 0 (with no interest bearing debt) for Project Achieve. Using the 30-year treasury rate (5. 94%) as the risk-free rate because of Project Achieveââ¬â¢s expected life and a historical 7. 0% market risk premium, we calculated Project Achieveââ¬â¢s discount rate at 14. 0%. This discount rate values Achieve as a public company, comparable to its public counterparts. As a non-public start-up, however, Project Achieve is far more risky than the more established comparables discussed above. Thus, we added a 5% start-up risk premium to reach an appropriate 19% discount rate for the valuation of Project Achieve. (See Exhibit #1) Valuing Project Achieve In order to forecast the value provided by each customer type to Project Achieve, we must first identify the breakdown of customers based on the probabilities given in the case, and then forecast the cash flows associated with each type of customer. To determine the probability of a generic targeted school falling into any customer category, we created a decision tree. Exhibit #2) Per our analysis, there are five end user states ââ¬â perpetual Achieve Express users, two-year users of Achieve Express, perpetual users of Achieve Express and Achieve Logic, two-year users of Achieve Express and Achieve Logic, and targeted schools that didnââ¬â¢t respond ââ¬â all with varying probabilities. Now armed with the percentage breakdown of customers expected for Project Achieve, to determine the value of each customer we mus t forecast the cash flows associated with each type of customer. Exhibit #3) All of the costs and revenues associated with each type of customer are detailed in Exhibit #3. After calculating a WACC of 19. 00% and forecasting cash flows for each type of customer, it is easy to find the net present value of each customer. Not surprisingly, two-year Express users are the only loss makers for the firm, with a value of -$386. 63 per two-year Express user. Perpetual Express users, two-year Logic users, and perpetual Logic users are each worth $1,315. 79, $15,588. 16, and $44,659. 4 respectively. (Exhibit #3) Now that we have calculated the value per customer for all of our customer classifications (Exhibit #3), we can apply the probabilities found in our decision tree (Exhibit #2) to find the overall value per targeted customer. Doing so, we find that each targeted customer has a value of $5,102. 49. (Exhibit #4) Going one step farther, we matched the value per targeted customer with the forecasted number of customers targeted to find the total value of all of Project Achieveââ¬â¢s targeted customers. Discounted at WACC (19. 0%), all of the firmââ¬â¢s targeted customers are cumulatively worth $78,805,398. (Exhibit #5) Using the DCF method, the after tax value of Project Achieve is $11,991,608. (Exhibit #5) The valuation of Project Achieve is extremely risky considering the dependency of the companyââ¬â¢s cash flows on customer acquisition and retention. In addition, Project Achieveââ¬â¢s tax rate along with its carry-forward loss of $1 million will significantly affect its value. The assumptions used in valuing Project Achieve are: Total estimated overhead costs 1999-2000 are $6,524,826 (case Table A) Total costs increase 20% per year for 4 years and after the fifth year costs rise in line with subscription base Revenues grow 2% annually after year 5 (rate of increase for target schools) No inflation taken into account on growth rate because downward pressure on prices with new market entrants will counter inflation $1 million loss incurred to date (will carry forward in tax burden and increase the value of Achieve) 35% tax rate (ignoring depreciation) The Role of Investors Given Project Achieveââ¬â¢s status as an early-stage start-up, its lack of a sales force, and its need to develop relationships with political authorities and schools, the firm requires investors that understand start-ups and can help market its products. Angel investors like Daniel Eliot donââ¬â¢t seem to fulfill either of these requirements. Venture capitalists deeply understand start up businesses and could provide a big chunk of capital, but they donââ¬â¢t know schools, their valuation is lower than Jostensââ¬â¢, and they would be no help in gaining traction for Project Achieveââ¬â¢s products. Additionally, a VC firm would likely require much more control than the other types of investors. Strategic investors are the most compelling. A strategic investor may wish to complement its own growth by integrating Project Achieveââ¬â¢s new technology into its business. Since strategic investors are almost always in the same industry as their targets, they can often help with industry contacts and business expertise. For example, Jostens knows schools, has a sales force in the field calling on schools, and offers the best valuation. We would go with Jostens now, perhaps bringing in a venture capitalist in a later round. We would also keep in mind the possibility of selling out to Jostens down the road if Project Achieveââ¬â¢s products gain traction. Potential investors have widely varying estimates of the value of Project Achieve because our valuation has many aspects. Primarily, different investors may have different forecasts of product adoption rates. As discussed earlier in the paper, we feel that Boyd is being excessively optimistic about the probability of schools purchasing her fee-based program without prompting from a sales force. Since our valuation is entirely dependent on the probabilities displayed in our decision tree (Exhibit 2), if different investors had different calculations for these probabilities, their valuations would be drastically different. Boyd needs to make sure she is realistic in her forecasts of product adoption, for they will set the stage for valuation discussions. Computing the explicit valuation, whether pre-money or post-money, is simple and unlikely to lead to disagreement. The valuations may differ, however, based on how big an investment is made. Since the three potential investors, Daniel Eliot, Jostens, and the angel investors, were all offering different amounts of capital, it makes sense that their valuations would differ slightly. Quantifying the implicit valuation is what makes valuing the firm particularly problematic. The implicit valuation includes valuing warrants, liquidation preferences, and dividends. Additionally, there are non-quantifiable valuation factors such as pre-emptive rights and anti-dilution provisions. To have a better deal, it is important for Boyd to present Project Achieveââ¬â¢s business opportunities thoroughly and disclose all useful information.
Thursday, August 1, 2019
Innocence in Catcher in the Rye Essay
In JD Salingerââ¬â¢s Catcher in the Rye, Holden Caulfield is a boy aimlessly traveling New York City after being expelled from a classy boarding school. Holden poses a great deal of trepidation when it comes to sexual relationships, especially those of Jane and Sunny. Furthermore, Holden tends to misjudge the maturity of his fellow characters. The combination of this misconception, the tension between sexual trepidation, and an adult life with adult relationships, results in confusion for him. In Holdenââ¬â¢s life, there have only been a few people heââ¬â¢s cherished more than his childhood neighbor, Jane Gallagher. They were close childhood friends, and when his roommate Stradlater brings her up years later in high school, all he can talk about is the innocent fun they used to have: playing checkers, watching her dance ballet in the summer heat, and how her Doberman always came into his yard. However, he also reminisces on how her ââ¬Å"boozehoundâ⬠stepfather would always ââ¬Å"run around the goddam house nakedâ⬠(42). He suspects that her stepfather had harassed Jane, who ââ¬Å"had [a] terrific figure, and [he] wouldnââ¬â¢tââ¬â¢ve put it past that bastardâ⬠(103). This really bothers Holden, as does when Stradlater insinuates that he made sexual advances onto Jane on their date. To Holden, sexual encounters mean an adulteration of innocence, and he hates that Stradlater or Janeââ¬â¢s stepfather may have corrupted Jane. Many times, Holden promises himself that he ââ¬Å"outa go down and say hello to herâ⬠(40), or that he should ââ¬Å"give old Jane a buzzâ⬠(195), but he never does. Subconsciously, he fears that Jane will have grown up, and calling her or seeing her will surely alter the young, innocent, checkers-playing version of Jane that he has in his mind. This is confusing for Holden because Jane has grown up, yet he still thinks of her as a little girl, not the grown woman that she is. Holden ââ¬Å"knew that she wouldnââ¬â¢t let [Stradlater] get to first base with her, but it drove [him] crazy anywayâ⬠(104). This shows Holdenââ¬â¢s potential misconception of Janeââ¬â¢s innocence. It is unlikely for a post-teenage young woman to be as sheltered and have as much innocence as she did when she was a little girl. However, this is something Holden cannot grasp. This dilemma is a direct result of Holdenââ¬â¢s irrational respect for innocence, influenced by sexual confrontations in Holdenââ¬â¢s past. When Holden agrees to have a prostitute come to his room in the hotel, he is soon greeted by Sunny at his door. Holden is immediately unimpressed with Sunnyââ¬â¢s maturity; how she was ââ¬Å"jiggling this one foot up and downâ⬠, she ââ¬Å"never said thank youâ⬠, and she ââ¬Å"had this tiny little wheeny-whiny voiceâ⬠(123). He also notices that she appears very young, and said things that were really childish. This ends up making him feel ââ¬Å"more depressed than sexyâ⬠(123), and he decides not to have sex with her after all. The depiction of this young girl making money as a prostitute seems to upset Holden, and he ultimately concludes that having sex with her would spoil her innocence. This is where Holden is again misguided. Just as it is unlikely for Jane to retain the same degree of innocence through the years, it is improbable that Sunny, being a prostitute, will have not had sex with many people in the past, therefore preserving her innocence. But all Holden can see in Sunny is the childish and immature, which results in a conflicted view of the world. The importance of innocence to Holden is something that results in nervousness towards othersââ¬â¢ sexual identity and activity. His perspective of Jane and Sunnyââ¬â¢s innocence is also misguided to the point where he sees innocence in them when there is none. Overall, the importance of innocence to Holden results in contention that is less than innocent.
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