Wednesday, December 25, 2019

It’s Time to Crack Down on Police Brutality Essay

It’s Time to Crack Down on Police Brutality Police brutality has become a widespread and persistent problem in the United States. Police brutality occurs when a law enforcement officers use excessive or unlawful force while on or off duty. Established: A Pattern of Abuse is an article in The Humanist, written by Barbara Dority. She states, Thousands of individual complaints are reported each year and local authorities pay out millions of dollars to vicitms in damages and lawsuits (5). Dority also describes some of the types of abuse that officers have done. [They] have beaten and shot unresisting suspects; they have misused batons, chemicals sprays, and electro-shock weapons; [and] they have injured or killed people†¦show more content†¦Their ball hit a police car that was parked on the side of the road and the officer, Francis Livoti, got out of the car and was angry. He arrested Anthonys younger brother for disorderly conduct and Anthony tried to step in and told the officer to calm down. Anthony and Officer Livoti must have had a fight because a few moments later Anthony was found dead from suffocation. He had large bruises on his neck and burst blood vessels around his eyes. The officer had choked him to death with his hands and there were marks on his neck to show it. The term officials use to describe the kind of restraint that this officer administrated is the chokehold, which is illegal. Mr. Livoti was acquitted of criminally negligent homicide in a judge-only trial in state court in October 1996. The judge said that he had not found Mr. Livoti innocent, he just considered him not guilty because of lack of evidence. Later, Federal prosecutors investigated the case. On June 27th, Mr. Livoti was convicted by a federal grand jury of violating Anthony Baez civil rights. He is now facing ten years in prison. (32) This case was one of the few that ended in a positive conviction of the officer. In many cases, it ends after the first trial and the officer gets off with out even going to jail. This police officer committed a terrible crime and his job was to protect the public, not kill them. Its impossible for us toShow MoreRelatedThe African American Subculture in Changes by Tupac Essay1242 Words   |  5 Pagesproblems of police corruption and brutality. When a police officer kills a black person, the communities celebrate the officers as a hero for helping the society for taking one person off welfare. Example of police officers brutality in the 1990s would be Rodney King and the LAPD. King, an African American man who was beat down severely by multiple police officers after he stopped resisting. Even with video evidence of police brutality, the predominantly white jurors acquitted the police officers involvedRead MoreThe Reality Of Police Brutality1473 Words   |  6 PagesThe Reality of Police Brutality: What it Means for Chicago Ever since the case of Trayvon Martin being shot in 2013, dozens and dozens of cases of injustice have been brought up to the eyes of the media and the law. Lately, the majority of those cases have been about police brutality, and it’s taken such a strong effect on the public that movements have been born out of it, such as the BlackLivesMatter movement. The situation has reached a point to where President Obama stepped out and addressedRead MoreRacial Bias Toward The Black Community1518 Words   |  7 Pageswithin our police and incarceration systems. From traffic stops to America’s prison population to mandatory minimums, racism is prevalent in every facet of America’s â€Å"domestic security† apparatus. Facing harsher punishment, 1 in 3 black men will go to prison and receive a 10% longer sentence than their white counterpart. Cocaine and Crack Cocaine are virtually the same substance but with vastly different mandatory minimum sentences. Cocaine is inhaled through the nasal cavity and Crack Cocaine isRead MoreAnalysis Of Changes By Tupac948 Words   |  4 PagesThe song  ¨Changes† is written and performed by Tupac Shakur who was born June 16, 1971 and was shot down September 13, 1996. Tupac was quite successful and was known to be a gangsta rapper as well as a poetic rapper at the same time. Changes seeks the best out of both these worlds and addresses the issue of poverty and poor treatment by police that the African American community face often on a day to day basis. 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Example police offi cers abusing their powers would be Rodney King and the LAPD. King, an African American man who was beat down severely by multiple police officers even after he stopped resisting. Even with video evidence of police brutality, predominantly white jurors acquitted the police officers involved (Rodney King)Read MorePolice Enforcement And Excessive Force1217 Words   |  5 PagesPolice work is dangerous. Sometimes police put in situations that excessive force is needed, but, because some officers use these extreme measures in situations when it is not required to use excessive force. The use of excessive force it should be looked into by the system in the misuse of power among officers. Most police officers throughout the ranks of the U.S. police departments are just seeking more authority/recognition among the population or the district his/he is working. The U.S. lawRead MoreDeath Of A Gangster As I Will Not Cry Essay1625 Words   |  7 PagesFire in my eyes, I will not cry. Living the life of a gangster as I watch time fly by, only wanting the best, I will find a way to make it further than the rest. Poverty, Equality, Respect is all I want to see. I will be the greatest even if the white people don’t want me to be. Seeing the struggle only one mother, taking care of a child, no food, no water, watch I change the dial. Doing what I know and what I can, I will make a stand. Not just for me, but you too, I see the youngsters as my nephewRead MoreRacial Injustice And Police Violence1611 Words   |  7 Pagesâ€Å"Hands up, don’t shoot!† These words have become a rallying cry heard across the nation. Recently, in November, when a grand jury in Ferguson, Missouri failed to indict a white police officer, Darren Wilson, for fatally gunning Michael Brown, an unarmed African American teenager, protests erupted in cities throughout the country. Americans from all walks of life, from celebrities like Beyonce and Charles Barkley to normal citizens , have engaged in a national over the Ferguson decision. News aboutRead MoreAnti Drug Abuse Act Of 19861591 Words   |  7 Pagesracially biased laws that targeted people of color. Under the terms of the act, a minimum sentences of 5 years without parole was imposed for possession of crack cocaine, which was the same punishment for 500 grams of cocaine which is used as a â€Å"base† in crack. The punishment for a drug that was known to be used by people of color was 100 times worse than of a drug primarily used by Caucasians. As clear bias law, this plan untimely laid the frame work for what we now know as the term â€Å"mass incarceration†

Tuesday, December 17, 2019

Causes Of The Cuban Missile Crisis - 1279 Words

During the Cuban Missile Crisis, President John F. Kennedy said, â€Å"It is insane that two men, sitting on opposite sides of the world, should be able to decide to bring an end to civilization,† (Nuclear Ban Test Treaty). This quote directly describes the overall idea of Cuban Missile Crisis. The â€Å"Thirteen Days† of the Cuban Missile Crisis refer to the closest point where the Soviet Union and the United States came to nuclear war. For thirteen days both nations waited in fear, for news if there was about to be an attack. The Cuban Missile Crisis was a dilemma that could have been solved easier if more communication would have been involved. There had been a great amount of conflict leading up to the Cuban Missile Crisis. The conflict began†¦show more content†¦The Soviet leader, Nikita Khrushchev risked the missile bases for the goal of being in range for a nuclear strike. Khrushchev was apprehensive about the number of nuclear weapons that were targeted at The Soviet Union from countries in Europe and Turkey, so he needed to find away to even out the playing field (Cuban Missile Crisis. History.com). The finding of the missile bases imposed a sense of urgency on the situation. The base unit in Cuba was only ninety miles away from the southern coast of Florida. This information was alarming because the communist were finally capable of reaching the eastern United States. From that moment, President Kennedy knew something that had to be done about the medium-ranged missile sites in Cuba. Both superpowers were aware of the others aggressiveness and assertiveness. This means that once one missile goes off, there w ill be massive havoc; both sides will strike until they are defeated. If a nuclear missile went off, there could have easily been an end to a civilization. President Kennedy immediately formed a group of advisors and officials. Eventually this group was called the executive committee, or the Excom. From the beginning, the executive committee and Kennedy agreed the missiles in Cuba had to go. The Excom had many different choices of ways they could approach the situation. From bombing the missile bases or a full invasion of Cuba, but their ultimatum was to remove the missile bases from Cuba without stirring upShow MoreRelatedCauses of the Cuban Missile Crisis1872 Words   |  8 PagesThe Cuban Missile Crisis was one of the most pressured filled moments in the history of the United States. Furthermore, the actins that took place that day would have not have just effected the United States and the Soviet Union but the entire war. The U.S. and Soviet Union the resident two superpowers o f the time were on the verge of all out nuclear war. That potential war would have murdered tens of thousands of people within the first couple days. Furthermore, the nuclear fallout from a war ofRead MoreWhat was the cause of the 1962 Cuban Missile Crisis1495 Words   |  6 Pagesthe cause of the 1962 Cuban Missile Crisis? The Cuban missile crisis is considered the closest time the world has ever come to nuclear war. There are many causes that led the world to such confrontation that was ultimately the product of the hostility and secrecy between the nations. As the world sat on the brink of mass destruction, all hope lied with Nikita Khrushchev and President Kennedy coming to a compromise. It is because of this that it is worth analysing the true cause of the crisis, orRead MoreHow Far Was the Dispute over Berlin in the Years 1958 – 1961 the Primary Cause of the Cuban Missile Crisis of 1962?3914 Words   |  16 Pages‘Berlin Crisis’) was one of the main issues between the USA and USSR, and caused a considerable amount of growing tension between the two states. 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The SovietRead MoreThe Cuban Missile Crisis During The United States1219 Words   |  5 Pages Dylan Thomas Connolly U.S. History 14 December 2015 The Cuban Missile Crisis In October of 1962 the U.S. entered a conflict called the Cuban Missile Crisis, which is arguably the closest the U.S. has ever come to nuclear war. The Cuban Missile Crisis was a 13-day conflict between the U.S. and the Soviet Union resulting from the placement of Soviet missiles in Cuba. The Cuban Missile Crisis was considered the climax of the Cold War, a period lasting from about 1947 to 1991, in which a politicalRead MoreEssay about The Cuban Missile Crisis756 Words   |  4 PagesThe Cuban Missile Crisis Between 1959 and 1962 relations between USA and Cuba deteriorated. Up until 1959, America had kept General Batista in power over Cuba and had strong links, especially in trade. Castro’s ascent to power in 1959 triggered the short-term events contributing to the Cuban Missile Crisis. The main cause of the Cuban Missile Crisis was the cold relationship between the two great superpowers: America and Russia. This hadRead MoreThe Cuban Missile Crisis The World On The Edge Of Its Seat1315 Words   |  6 Pagesâ€Å"We’re eyeball to eyeball, and I think the other fellow just blinked† (Dean Rusk). The Cuban Missile Crisis put the world on the edge of its seat, and was the closest humanity has ever gotten to full-scale nuclear war. Even though the event lasted a mere two weeks (from October 14-24, 1962), it played a significant role in international politics, and its effects can still be seen today. The Cuban Missile Crisis is significant to current international relations because it proved the importance of theRead MoreThe Cuban Missile Crisis : The Cold War1323 Words   |  6 Pagesrights and freedoms. Some wars cause dramatic amounts of deaths, but the Cold War resulted in none. The reason there were no deaths is due to the fact that the Cold War was just that, cold. The conflicts never heated up enough per say to c ause a real war. Though the Cold war itself wasn’t a war fought in battle, there were parts caused by it such as the Korean War, the Vietnam War, and the Cuban Missile Crisis, all of which resulted in deaths. The Cuban Missile Crisis was a major factor in the ColdRead MoreCuban Missile Impact On The World Of The Cold War902 Words   |  4 PagesCuban Missile War Is Cuban communism the beginning of the Cold War? Could the Cuban Missile Crisis end in the world devastation? According to freedictionary.com, nuclear war is â€Å"war in which nuclear weapons are used by both sides. As generally used, the term assumes major use of nuclear weapons by at least two opposing warring states.† The invasion of Cuba by United States caused by the alliances between Cuba and the Soviet Union brought conflict between those countries. The United State tried toRead MoreThe Cuban Missile Crisis Essay1292 Words   |  6 Pagesinevitable to the world, it was the first time nuclear war was hanging on a thread. The Cuban Missile Crisis presented a threat to the world, in which the USSR planted nuclear missiles on Cuba. America’s response was to threaten launching nuclear missiles at the Russians. This incident launched the world into a new time, which presented nuclear weapons as a source of power. The incident of the Cuban Missile Crisis still connects with us today because the power nuclear weapons present, which provides

Monday, December 9, 2019

Australian Industry Report Office of the Chief Economist

Question: Describe about the Australian Industry Report for Office of the Chief Economist? Answer: Introduction Financial Statement Analysis is an important tool in understanding the financial performance and position of a company for a specified period. The analysis comprises of three financial statements i.e. Balance Sheet, Income Statement and the Cash Flow Statement. There are many users of these reports which include management, investors, creditors, debtors and the government. In this report, we have analysed the financial performance of Rio Tinto Group which is into the mining and metals business with its headquarters in London, United Kingdom and management office in Australia. The financial statements of the company for five years starting from 2010 to 2014 have been referred to and analyzed. The financial statements are available in the annual report of the company. However, a consolidated data from a financial website Morningstar have been extracted and the same has been analysed. This analysis is majorly useful to the potential investors as the analysis includes determining the profitability, liquidity and stability of the company. Based on the above analysis, the investor can decide whether to or not invest in the company depending upon the financial performance. Various ratios have been calculated to ascertain the profitability, liquidity and stability of the company. The results have been analysed after reading the annual report and other source o f information to make them meaningful. Rationale for choosing Rio Tinto Mining is one of the most important industries in Australia and contributes a major part of the National Income. Rio Tinto is into the business of finding, mining and processing the Earths mineral resources. These minerals and metals are further used in the infrastructure industry to build the countrys infrastructure. Hence, the nature of the business is core to the growth of an economy and hence, the company has been chosen for analysis. Australia has experienced boom in the mining sector in the last decade which has brought in investment, jobs and wealth to Australia. However, the boom has peaked now and the commodity prices have started falling. The second half of 2014 was challenging for the mining companies due to low commodity prices, changing demand patterns, tougher regulatory environment, increasing costs and a changing competitive landscape, but the real challenge was to continue smooth operations and maintain profitability for the shareholders in such a volatile environment. Only companies with operational excellence, improved productivity and profitability, lower costs, and a strong cash flow can sustain in such changing market conditions. The changing landscape of the mining industry makes it imperative to study and analyse the companies working in this landscape to see whether they are able to cope up with the changing market conditions or not. Rio Tinto appears to be a strong player and has maintained a value driven approach to stay ahead in the competition. The company very well realises the end of boom and hence has framed its policies accordingly. Performance Analysis The performance of the company has been analysed by calculating various ratios which are explained below: Profitability Ratios Gross Profit Ratio The gross profits are highest in 2011 as the year experienced the peak of mining boom, thereafter, the commodity prices started falling and so did the total revenue. However, the gross profits have increased in 2013 and 2014 due to operating cash cost improvements and strengthening of the US dollar against the local currencies. Net profit Ratio The net profits are negative in 2012 mainly due to impairment charges of $5 billion and also the though the gross profits were high in 2011 but net profits are comparatively very low due to impairment charges of $8.5 billion. Even in the era of falling commodity prices, 2014 has recorded a significant net profit due to increased sales volume, improved operational efficiencies and strengthening of dollar against local currencies. Operating Ratio The ratio was highest in 2012 as the year is marked by high costs with respect to impairment charges, similarly year 2011 also has high operating ratio even though the revenue is higher than other years, majorly due to the impairment charges. After 2010, 2014 has the lowest operations ratio as the company has moved towards being cost effective. Return on Assets The ROA has decreased from 2010 to 2012 due to a fall in net income as the total assets have increased in these years. In 2013 and 2014, the total assets have decreased mainly due a fall in receivables, inventories and property, plant and equipment. Even then the ROA has increased as a result of increasing net profits. This means the company has been able to utilize its assets efficiently to generate profits in the later years. Return on Capital Employed The ROCE also has similar pattern as the ROA. The total capital employed has decreased from 2012 to 2014, but the ROCE has increased due to an increase in EBIDTA, where the interest expenses have fallen in 2014 and so has the depreciation expense. In 2014, the company has been able to generate higher returns on lower capital employed. Stability and Liquidity Ratio Current Ratio The current ratio is above 1 in all the years which means that the current assets are sufficient to meet the short term obligations. The current ratio has been the lowest in 2012 as the current assets decreased considerably in the form of cash and cash equivalents and the current liabilities increased due to short term debts. However, the company recovered and the cash balance increased in later years and was at $1.2 billion in 2014 indicating high liquidity of the company. In 2014, the company also got rid of some part of its short term debt and there was a decrease in accounts payables, thus leading to a further increase in liquidity. Quick Ratio The quick ratio is also the lowest in 2012 as the cash balance has decreased and payables and inventory have also increased. Even after removing the inventories, the liquidity still remains low in 2012 due to lower assets as compared to current liabilities. However, in 2013 and 2014, the company has reduced its inventories, thus increasing the liquidity and the payables have also gone down so has the short term debt in 2014. Thus 2014 can be termed as a year in which the company was very liquid with low inventory, debt and more cash balance. Debt to Equity Ratio The company has on an average 50% debt and 50% equity in its capital structure. The total debt has been increasing from 2011 to 2013, whereas, stockholders equity has decreased continuously with equity increasing slightly only in 2014. The company has undertaken both short term and long term debt. The borrowings of the company decreased in 2014, making it less risky and more stable. There is more financial flexibility and low cost of capital. Interest Coverage Ratio The interest coverage ratio has decreased during 2010 to 2012 and after that it has increased. The negative coverage in 2012 is on account of negative EBIT resulting from high impairment charges. 2010 and 2011 were years of high profits and low debt, hence a very impressive interest coverage ratio is there. However, with the mining boom reaching its peak in 2012 and commodity prices after that, the profits have gone down and the company has undertaken debt to finance its growth and expansion. However, in 2014, the interest expense reduced due to repayment of debt and increased profits led to coverage ratio being 15 times. Working Capital Management Ratios Accounts Payables Turnover The company has a very impressive accounts payables turnover with there being no payables in 2012 to 2012. The company mostly paid its suppliers in cash. In 2013 and 2014, the payables have occurred and show an increasing trend. This is a good sign as the company has started making use of credit and the amount saved from there can be used for other business purposes. Inventory Turnover Ratio The inventory turnover ratio has improved from 2012 to 2014. This is because the company has reduced its working capital tied up in inventories. This is a good sign as it signifies that the working capital management is moving towards being efficient. The turnover is the highest in 2014 as the inventory is the lowest in this period and the revenue has also increased as compared to 2012 and 2013. Accounts Receivables Turnover Ratio The accounts receivables turnover also has a similar trend as that of inventory turnover indicating that the company is improving its working capital management and hence its liquidity. The receivables have decreased continuously i.e. the company has been able to collect cash for sales made. The fast turning cash makes more cash balance available to the company to meet its expenditures. From 2012 onwards, the revenue has increased and the receivables have decreased resulting in higher cash balance and efficient working capital management. The days receivable for Rio Tinto is approximately a months time. Stock Market Performance Ratios Earnings per Share The earnings per share has decreased from 2010 to 2012 and increased after that. The weighted average share capital has not undergone any major change except in year 2012 when it was reduced by approx. $1billion. Thereafter, it has remained almost constant. The change in EPS is due to a change in net income available to equity shareholders. The earnings have increased after 2012 even in a challenging market where the commodity prices were falling mainly due to increased volume of sales and lower operations costs. Dividend per Share The dividend per share has continuously increased from 2010 to 2014. This is due to an increase in the dividends paid every year. The number of shares has not undergone any major change. This is a good return from the shareholders point of view as they are getting paid in cash for the investments made in Rio Tinto shares. A company paying higher dividends is always preferred by shareholders as they are directly being benefited. In spite of suffering losses in 2012 due to impairment charges, the company has still paid dividends of $3 billion as the underlying earnings were positive and cash balance was strong since impairment charge is a non cash item. Dividend Payout Ratio The dividend payout ratio is negative in 2012 because the net income is negative. The ratio is highest in 2013 because net income is low as compared to 2014 but the dividends are almost similar. In 2014, the company has generated the highest net income after 2011, whereas cash dividends paid have not increased in the same ratio, resulting in a low dividend payout in 2014. The company has retained its earnings after paying sufficient dividends. Earnings Yield Ratio The earnings yield has improved from 2012 to 2014. This yield is higher in 2014 as compared to 2013 because the earnings per share have increased and the market price of the shares of Rio Tinto has decreased making it an undervalued stock. The market share price of Rio Tinto was the highest in 2010 followed by 2013. However, the yields are higher in 2014. Dividend Yield Ratio The dividend yield shows an increasing trend due to an increase in dividends paid and a less then proportionate increase/decrease in share prices. The share prices increased in 2013, thus lowering the yield. However, a fall in share prices in 2014 and an increase in dividends paid led to an increase in the dividend yield. Summary of the Analysis Profitability Ratios Comments 2010 2011 2012 2013 2014 Gross Profit Ratio 35.20% 40.10% 26.40% 29.40% 27.30% Decrease Net Profit 25.30% 9.60% -5.90% 7.20% 13.70% Increase Return on Assets 12.70% 5.00% -2.50% 3.20% 6.00% Increase Return on capital 24.60% 16.80% 2.10% 9.20% 15.80% Increase Operating ratio 62.30% 77.40% 104.50% 92.20% 78.60% Improved Stability and Liquidity ratio Current Ratio 1.82 1.46 1.39 1.47 1.73 Increase Quick ratio 1.42 1.11 0.95 1.09 1.37 Increase Debt to Equity ratio 0.26 0.42 0.57 0.62 0.54 Improved Interest coverage ratio 27.45 27.59 -8.30 7.91 15.72 Increase Working Capital Management Ratios Accounts Payables Turnover NA NA NA 11.67 13.37 Increase days payables 31.29 27.3 Improved Inventory turnover ratio 7.71 6.83 6.12 6.29 7.97 Increase Days Inventory 47.3 50.6 55.6 31.3 53.1 Decrease Accounts Receivables Turnover 9.08 9.55 8.49 10.9 13.17 Increase Days Receivables 40.2 38.2 43 33.5 27.7 Increase Stock Market Performance Ratios Earnings Per Share 7.3 3.03 -1.62 1.98 3.53 Increase Dividend Per Share 0.89 1.16 1.64 1.8 2.01 Increase Dividend Payout Ratio 0.1 0.4 -1 0.9 0.6 Decrease Dividend Yield 0.015 0.023 0.031 0.032 0.039 Increase Earnings Yield 0.12 0.06 -0.03 0.04 0.07 Increase The increase/decrease in the comments section has been given for the most recent year i.e. 2014 as compared to 2013. Limitations of Ratio Analysis Though the above ratio analysis gives insights to the companys financial performance, however, there are many limitations of the same that are discussed below: Inflation inflations makes it difficult to compare the financial results over a period of time as it can lead to price increases and thus can mislead the investors. Use of different accounting policies inter firm comparison may be difficult as different firms may use different accounting policies. The standards provide firms with the flexibility to use different accounting policies that may make the comparison difficult. Outdated information in financial statements the balance sheet shows a companys financial position at a point of time. A ratio based on the balance sheet figures may be reflective of the financial position for the year as a whole. Like for a seasonal business, the year end debtors and inventories may be low. Use of creative accounting management may use creative accounting to show better financial performance in the form of changing method of depreciation etc... This may mislead the users of financial statements. Interpretation of ratios it is difficult to generalise whether a particular ratio result is good or bad. Like of the current ratio is high, it is considered good from liquidity point of view but this may mean excessive cash which is bad. Hence interpretation of ratios cannot be generalised. Impact of seasonality on trading there are many fluctuations that may occur during a financial period. However, the financial statements are based on the year end results. Hence, a seasonal firm may choose its accounting period according to seasons to show better results. This may mislead the users of financial statements. Summarised information - the financial statements present the summary of the accounts. The financial statements are presented in two pages whereas notes to financial statements which are written in more than 20 pages are not taken into consideration in calculating ratios. Conclusion and Recommendation Looking at the above financial analysis of Rio Tinto, it is clear that years 2011 and 2012 were not good in terms of profitability as there were huge impairment charges which highly impacted the companys financial position. Impairment of assets means the company has made bad investment decisions of the assets and impacts both the balance sheet and the income statement. However, the company has taken a corrective step and has replaced the Chief Executive Officer, Mr. Tom Albanses who was held responsible for such impairments. The new CEO is expected to work towards better investments decisions. Apart from that, the company has increasing profits in 2014 despite of low commodity prices; this has been possible due to high sales volumes and lower costs. The company is committed to maintaining operative and commercial excellence and even in such challenging market conditions where competition is increasing, prices are falling, it has been able to increase its earnings. The company can be easily said to be liquid and stable. This is because the current ratio and quick ratio have increased in the recent years due to reduction in current liabilities like payables and an increase in the cash balance. The inventories have also reduced in 2014 making the company more liquid. Cash comprises the highest component in the current assets thus indicating high level of liquidity. The company has increased its stability by reducing the debt to 50% of the total capital. The gearing ratio is good enough to give tax benefits and maintain stability. Year 2014 was marked by a reduction in total debts. The company has interest coverage ratio if more than 15 times in 2014 which is an impressive figure as the company can comfortably pay for its interest expenses. Hence, it can be concluded that the company is very stable and liquid. The working capital management is also efficient as the company has reduced its receivables and inventories thus increasing the respective turnover ratios. This gives the company free cash that can be utilized for other growth and expansion purposes. The payables have also reduced meaning good rapport with the suppliers but the company has ensured enough payables to make use of available credit facilities. Thus, it can be said that working capital is being managed efficiently. The stock performance ratios also indicate an improving trend where the cash dividends paid has increased over the period thus increasing cash returns for equity shareholders. The company has not increased its shareholder capital by a great extent whereas the earnings available to the equity shareholders has increased, thus increasing the total earnings available to the shareholders. The companys market share price has fallen in 2014 due to a fall in the commodity prices resulting from a fall in demand of these commodities like iron ore, copper and coal by China. In spite of this, the companys earnings have increased. Though the financial position of the company appears to be strong, however, the falling commodity prices pose a danger for the company. The demand for resources from China which was a major profit driver has slowed down; hence the revenue of the company is expected to decrease. For now it would be better to not invest in the company or the mining sector in particular. References Industry.gov.au, (2014), Australian Industry Report, Office of the Chief Economist Newport Consulting, (2014), 2014 Mining Business Outlook finds Confidence at a new Low, accessed online on 8th Feb, 2016, available at https://newportconsulting.com.au/2014-mining-business-outlook/ Abc.net, (2014), How Important is Mining to Australia, accessed online on 8th Feb, 2016, available at, https://www.abc.net.au/radionational/programs/bushtelegraph/mining-value/5543658 Raszkiewicz, O., (2015), Why the Rio Tinto Limited share price may continue to fall, accessed online on 10th Feb, 2016, available at https://www.fool.com.au/2015/12/03/the-rio-tinto-limited-share-price-continues-to-fall/ Morningstar, (2016), Rio Tinto Plc Adr: Financials, accessed online on 8th Feb, 2016, available at, https://financials.morningstar.com/ratios/r.html?t=RIO Rio Tinto, (2014), Rio Tinto: 2014 Annual Report, available at riotinto.com/ar2014 Rio Tinto, (2012), Rio Tinto: 2014 Annual Report, available at riotinto.com/reportingcentre2012 Yahoo finance, (2016), Rio Tinto Plc Historical Prices, accessed online on 8th Feb, 2016, available at, https://in.finance.yahoo.com/q/hp?s=RIO.L World finance, (2011), Rios tainted assets, accessed online on 10th Feb, 2016, available at https://www.worldfinance.com/home/contributors/rios-tainted-assets-2 Critchlow, A., (2015), Commodities Crash Could Turn Australia into a New Greece, The Telegraph, accessed online on 10th Feb, 2016, available at, https://www.telegraph.co.uk/finance/newsbysector/industry/mining/11749706/Commodities-crash-could-turn-Australia-into-a-new-Greece.html Woolrich, N. (2014), Commodity price crash causing Australian economy to 'unwind', accessed online on 10th Feb, 2016, available at, https://www.abc.net.au/news/2014-12-02/commodity-price-crash-causing-australian-economy-to-unwind/5933532 Timbrell, M., (2014), what do falling commodity prices mean for Aussie miners and our economy? Accessed online on 10th Feb, 2016, available at, https://www.mywealth.commbank.com.au/investing/what-do-falling-prices-mean-for-aussie-miners-and-our-economy--hottopic201412

Sunday, December 1, 2019

The suffering in Frankenstein is undeserved. How far and in what ways do you agree with the view of Shelleys presentation of suffering free essay sample

‘The Suffering in ‘Frankenstein’ is undeserved’ – How far and in what ways do you agree with the view of Shelley’s presentation of suffering? Frankenstein’s characters suffer in a couple of ways, psychologically such as through loneliness or through emotional pain of the death of close ones, and physical suffering. Shelley herself was an only child, so could have been considered lonely when she was younger, and her mother died, which is obviously a death of a close one. While suffering is deserved by some of the characters as they bring it upon themselves, some of the characters are not deserving of their suffering as it is thrust upon them. The creature’s suffering is, at least initially, the most undeserved. He is brought into the world by Frankenstein and is then left, and becomes lonely. He is also treated badly by people for the way that he looks, which is not something he can help. We will write a custom essay sample on The suffering in Frankenstein is undeserved. How far and in what ways do you agree with the view of Shelleys presentation of suffering? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The creature says â€Å"There was none†¦ who would pity or assist me†¦ I declared ever-lasting war against the species†¦ and against him who had formed me and sent me forth to this insupportable misery†. These are the reasons he gives for changing the way he was – kind and good as society had gone against him. This starts with the destruction of Felix’s house after the creature is beaten for visiting his father. It is here that he takes vengeance, and continues his vengeance elsewhere by killing those close to Frankenstein. As the being takes revenge after being hurt by the De Lacey family, he must have been born good, but society changed him because he had not done anything wrong before this point. This would mean that on one hand, he doesn’t deserve to suffer as he did because it is the fault of society that changed him. However, because he had a moral compass and free will, he should know what he was doing was wrong, and could therefore be deserving of the suffering he endures. He murders, among others, a young boy called William. William did not want to befriend the creature as the creature had wanted him to, and was subsequently killed. We know that the creature has a moral compass after reading books from the De Lacey household, and it would seem that he knew what he was doing was wrong. I believe that the being did not deserve the suffering, however, for the fact that he only became bad because of others. It would mean that if he was born into a better society and treated better by its people, he would not have done what he did. Victor Frankenstein, on the other hand, was deserving of the suffering he endured because a lot of it was his own fault. He keeps his family members at a distance to protect them; however, the protection of his family was probably a cover for wanting to be alone to create the being. He ran away from his own creation, and was egotistical, arrogant, and self-serving. He suffers from illness, the loss of family and friends, and is haunted by the thought of the pursuance of the creature. Frankenstein created â€Å"A new species (that) would bless me as its creator and source†. As you can tell from the quote, the creation was all for selfish reasons and he did not think of the consequences that would occur, leaving the creature, and not looking after him. This led to the creature being lonely, and the suffering caused to Frankenstein was in revenge for this – the creature began killing his family members. Elizabeth in the book is killed, but in the theatre production by Danny Boyle, Elizabeth is raped before being killed, increasing the suffering caused for Frankenstein in the play than compared with the book, and also of course for Elizabeth herself. Also, Frankenstein had gone back on his promise of creating a female being at the request of the creature, which tells you that he treated the creature poorly, showing his deservingness of the suffering he had. His egotistical tendencies can be seen when he refers to Justine – â€Å"The poor victim†¦ felt not as I did, such deep and bitter agony†, showing that he believed his suffering to be worse that the suffering of someone was tried and found guilty of something she had not done. I believe that overall in the book, suffering is undeserved. Frankenstein is the only character that truly deserved to suffer, while the murders of others such as Clerval and Elizabeth were completely undeserved. It could be argued, however, that the reason Frankenstein acted as he did was because he lived in a patriarchal society, where his characteristics were encouraged and were expected. Keeping the being a secret also had a huge impact. Most of the events occurred through the lack of knowledge of the creature to anyone but Frankenstein. For instance, William would not have been allowed to get in a situation with the being to be killed, and if Frankenstein had told the court how Justine was innocent, she would have been found not guilty of this murder.