The Black Dahlia Murder Case

The Black Dahlia Murder case remains one of Hollywoods long-running mysteries and one of the most gruesome of the 1940s. A pretty young woman, Elizabeth Short, was found cut in half and posed in a sexually explicit manner in a vacant lot. It would be sensationalized in the media as the Black Dahlia murder. In the media frenzy that followed, rumors and speculation were published as fact, and inaccuracies and exaggerations continue to plague accounts of the crime until this day. Here are the few real facts that are known about the life and death of Elizabeth Short. Elizabeth Shorts Childhood Years Elizabeth Short was born on July 29, 1924, in Hyde Park, Massachusetts to parents Cleo and Phoebe Short. Cleo made a good living building miniature golf courses until the Depression took its toll on the business. In 1930, with his business suffering, Cleo decided to fake his suicide and abandoned Phoebe and their five daughters. He parked his car by a bridge and took off to California. Authorities and Phoebe believed Cleo committed suicide. Later, Cleo decided he made a mistake, contacted Phoebe and apologized for what he had done. He asked to come home. Phoebe, who had faced bankruptcy, worked part-time jobs, stood in lines to get public assistance and raised the five children alone, wanted no part of Cleo and refused to reconcile. Her High School Years Elizabeth was not academically inclined earning average grades in high school. She left high school in her freshman year because of asthma which she suffered from since childhood. It was decided that it would be best for her health if she left New England during the winter months. Arrangements were made for her to go to Florida and stay with family friends, returning to Medford during the spring and summer. Despite her parents difficulties, Elizabeth continued to correspond with her father. She was growing up to be an attractive young girl and like many teenagers enjoyed going to the movies. Like many young pretty girls, Elizabeth developed an interest in modeling and the movie industry and set her goals to someday work in Hollywood. A Short-Lived Reunion At the age of 19, Elizabeths father sent her money to join him in Vallejo, California. The reunion was short-lived, and Cleo soon grew tired of Elizabeths lifestyle of sleeping during the day and going out on dates until late at night. Cleo told Elizabeth to leave, and she moved out on her own to Santa Barbara. The Next Three Years There is much debate about where Elizabeth spent her remaining years. It is known that in Santa Barbara she was arrested for underage drinking and was packed up and returned to Medford. According to reports up until 1946, she spent time in Boston and Miami. In 1944, she fell in love with Major Matt Gordon, a Flying Tiger, and the two discussed marriage, but he was killed on his way home from the war. In July 1946, she moved to Long Beach, California to be with an old boyfriend, Gordon Fickling, who she dated in Florida before her relationship with Matt Gordon. The relationship ended shortly after her arrival and Elizabeth floundered around for the next few months. A Soft Spoken Beauty Friends described Elizabeth as being soft-spoken, courteous, a non-drinker, or smoker, but somewhat of a loafer. Her habit of sleeping late in the day and staying out at night continued to be her lifestyle. She was pretty, enjoyed dressing stylishly and turned heads because of her pale skin contrasting against her dark hair and her translucent blue-green eyes. She wrote to her mother weekly, ensuring her that her life was going well. Some speculate that the letters were Elizabeths attempt to keep her mother from worrying. Those around her know it that over the next few months she moved often, was well-liked, but elusive and not well known. During October and November of 1946, she lived in the home of Mark Hansen, owner of the Florentine Gardens. The Florentine Gardens had a reputation as being a rather shoddy strip joint in Hollywood. According to reports, Hansen was said to have various attractive women rooming together at his home, which was located behind the club. Elizabeths last known address in Hollywood was the Chancellor Apartments at 1842 N. Cherokee, where she and four other girls roomed together. In December, Elizabeth boarded a bus and left Hollywood for San Diego. She met Dorothy French, who felt sorry for her and offered her a place to stay. She stayed with the French family until January when she was finally asked to leave. Robert Manley Robert Manley was 25 years old and married, working as a salesman. According to reports, Manley first met Elizabeth in San Diego and offered her a ride to the French house where she was staying. When she was asked to leave, it was Manley who came and drove her back to the Biltmore Hotel in downtown Los Angeles where she was supposed to be meeting her sister. According to Manley, she was planning to go live with her sister Berkeley. Manley walked Elizabeth to the hotel lobby where he left her at around 6:30 p.m. and drove back to his home San Diego. Where Elizabeth Short went after saying goodbye to Manley is unknown. The Murder Scene On January 15, 1947, Elizabeth Short was found murdered, her body left in a vacant lot on South Norton Avenue between 39th Street and Coliseum. Homemaker Betty Bersinger was running an errand with her three-year-old daughter when she realized that what she was looking at was not a mannequin but an actual body in the lot along the street where she was walking. She went to a nearby house, made an anonymous call to police, and reported the body. When police arrived on the scene, they found the body of a young woman who had been bisected, displayed face-up on the ground with her arms over her head and her lower half placed a foot away from her torso. Her legs were wide open in a vulgar position, and her mouth had three-inch slashes on each side. Rope burns were found on her wrists and ankles. Her head, face, and body were bruised and cut. There was little blood at the scene, indicating whoever left her, washed the body before bringing it in the lot. The  crime scene  quickly filled with police, bystanders, and reporters. It was later described as being out of control, with people trampling on any evidence investigators hoped to find. Through fingerprints, the body was soon identified as 22-year-old Elizabeth Short or as the press called her, The Black Dahlia. A massive investigation into finding her murderer was launched. Because of the brutality of the murder and Elizabeths sometimes sketchy lifestyle, rumors and speculation were rampant, often being incorrectly reported as fact in newspapers. Suspects Close to 200 suspects were interviewed, sometimes polygraphed, but all eventually released. Exhaustive efforts were made to run down any leads or any of  the several false confessions  to the killing of Elizabeth by both men and women. Despite efforts made by investigators, the case has remained one of the most famous unsolved cases in Californias history.

Starbucks Financial Analysis - 9358 Words

Running head: STARBUCKS AS AN INTERNATIONAL BUSINESS 1 An Analysis of Starbucks as a Company and an International Business Lauren Roby A Senior Thesis submitted in partial fulfillment of the requirements for graduation in the Honors Program Liberty University Spring 2011 STARBUCKS AS AN INTERNATIONAL BUSINESS Acceptance of Senior Honors Thesis This Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the Honors Program of Liberty University. 2 ______________________________ Edward M. Moore, Ph.D. Thesis Chair ______________________________ Melanie A. Hicks, D.B.A. Committee Member ______________________________ Harvey D. Hartman, Th.D. Committee Member†¦show more content†¦The price has been rising, not simply due to the price of coffee itself, but because of the supply chain and the current economic situation around the world. Last year Starbucks had to raise prices globally, but especially in the United States and China, due to rising prices for coffee and other ingredients, but this year they are taking the hit from the rising coffee prices for the consumers (Baertlein, 2011). Although the prices of coffee had to be raised globally due to the high demand of the product and the cost of producing it, there is still a strong outlook for the coffee industry because of the large consumer base of the industry. The coffee industry is expected to continue growing through at least the year 2015 and even longer in other emerging markets around the world (Lingle, 2007). Even if the market in the United States begins to decline, there are other emerging market s for the specialty coffee industry. Due to Brazil’s rising economy, it is set to be the biggest coffee drinking country in the world with recent coffee consumer growth of 39% from 2000 to 2009 (Murphy, 2011). With Brazil’s upper and middle classes expanding, it has more money to spend on specialty coffee and other superfluous items. Brazil could be STARBUCKS AS AN INTERNATIONAL BUSINESS the single most important economy to invest in for the coffee business, if its economy continues to grow. India is another major source of economic growth. Starbucks plans to open its firstShow MoreRelatedStarbucks : Starbucks Financial Analysis1185 Words   |  5 PagesStarbucks Financial Analysis It’s hard to drive the street these days and not see a Starbuck’s coffee house sitting on a corner with cars lined up in the drive-thru or consumers gathering in their cafà © to socialize. This has been the scene since the first Starbucks was opened in 1971. Since then, Howard Schultz, chairman and CEO, has embarked on a quest to bring Italian bistro traditions to the United States. 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Leadership in the African American Community Free Essays

Leadership in the African American community African American community had many problems, such as freedom, economic, education, transportation, being unemployment, lack of self defense; lack of power and †¦ therefore different leaderships and organizations were established to help African American. African American wanted to be free because they were USA citizen and they did not like someone call them nigger or free of slave. They wanted to have freedom of speech, vote,, human rights, self defense, they wanted to be free to go to school and be educated, and they did not like people look at them down because of their color. We will write a custom essay sample on Leadership in the African American Community or any similar topic only for you Order Now Black people were the last one got hire and the first one got fire when they applied for job. They had very bad situation because they could not find a job easily. That’s why most of them become unemployment and the rest who had job their salary were low. Black people had problem with transportation because most of them did not had a car so it was hard for them to apply for job. Black people wanted to go to school like white people, they wanted to show them they are smart and they can be educated too. They wanted to be educated so they can learn all the law and learn how to talk and have self defense when someone attack to them. Black people were lack of power because of their skin color. White people could be president or having good positions, and they treat Black people as slaves. Black people had to work in white people’s farms like a slaves, and always respect them and say, ‘‘YES SIR’’. Therefore different leadership and organization stand up to defend them in from of all of these problems for example Martin Luther King in her speech said he has a dream and talks about freedom and how Black and white should be equal, he said Black people should vote, and should be free and go to school. Ella baker also helped Martin Luther King in different way, she established different organization, and she moved to different states and having different conference with different people. There are other leadership and organization which help them out which I am going to talk about it later. Work cited Ransby, Barbara. Ella Baker and the Black Freedom Movement. The University of North Carolina. Press, in Chapel Hill and London 2003. The Video: FUNDI http://moodle. wolfware. ncsu. edu/file. php/33965/FUNDI. m4v Hodak, George. Martin Luther King Assassinated. †Ã‚  ABA Journal  97. 4 (2011): 72. Academic Search Complete. Web. 12 Apr. 2013. Brooks, Gwendolyn. â€Å"Martin Luther King Jr. †Ã‚  Storyworks  17. 4 (2010): 3. Primary Search. Web. 12 Apr. 2013. Haskins, Jim. â€Å"Martin Luther King, Jr. †Ã‚  Cobblestone  31. 1 (2010): 28. MasterFILE Complete. Web. 12 Apr. 2013. â€Å"MARTIN LUTHER KING JR. (Cover Story). †Ã‚  Scholastic Action  27. 7 (2004) : 4. MasterFILE Complete. Web. 12 Apr. 2013. Tutashinda, K. , and D. C. â€Å"The Grassroots Political Philosophy Of Ella Baker: Oakland, California Applicability.   Journal Of Pan African Studies  3. 9 (2010): 25-42. Academic Search Complete. Web. 12 Apr. 2013. Baraka, Amiri. â€Å"Black Theater Movement The Black Consciousness Movement. †Ã‚  Kola  24. 1 (2012): 104-119. Literary Reference Center Plus. Web. 12 Apr. 2013. Stafford, Tim. â€Å"The First Black Liberation Movement. †Ã‚  Christianity Today  44. 8 (2000): 42. MasterFILE Complete. Web. 12 Apr. 2013. Taylor, Gardner. â€Å"Black Freedom Fighters. †Ã‚  Christian Century  112. 24 (1995): 777. MasterFILE Complete. Web. 12 Apr. 2013. How to cite Leadership in the African American Community, Papers

Guitar final free essay sample

Three tardiest equal an absence. Arriving more than ten minutes late or leaving ten minutes early will count as an absence. I say all of this simply because its vital to our class that you, your voice, and your work are present if we are to have a helpful, successful, complete course. 2. Participation: Your participation grade rests on your contributions to class discussions, quality comments on your classmates ideas, meetings with me about your work, and demonstrated knowledge of readings (as shown in writing and discussion). I will keep track of your participation in class.Discussants: Each student will sign up for four days of preparation as a discussant for which you are responsible for helping guide meaningful concussion with your thoughts and answers about the readings due for that day. 3. Assignments: The class will combine a significant amount of reading outside of class with extensive in-class discussion of and writing about the texts. Your work will primarily consist of 1 ) Three Essays peer reviews, 2) Blob posts, comments, Billfold Presentation and 3) Other in-class and out Of class assignments.Finally, at the end of the semester, you will turn in a portfolio, which includes revised and polished versions of the essays youve written throughout the semester (20-25+ pages of writing). This portfolio will also include a Critical Rationale Response (6-pages) with articulates the revisions you have made and the reasons for them, the strengths and weaknesses you demonstrate in the portfolio, and your plans for future improvement in your writing. To help keep track of your process and to share with your colleagues, you will be maintaining Billfolds online, which you will present at the end of the semester.Your writing assignments will be graded based on their originality, ambition, willingness to take risks, relevance to the subject matter, analysis of particular passages and more general themes, and finally, on thei r mechanics. If punctuation, spelling, and grammar are going to be an issue, this should be addressed sooner rather than later (see me for resources or help). The cogent and articulate arguments you need to develop in this class and throughout your collegiate career can break down because of mechanical problems, so these issues will factor strongly in the grades of your papers. Late Work: Because late papers (and blob posts) complicate my life excessively, and they interrupt your progress in the course, all assignments must be turned in on time. Do not accept late work. No exceptions. If you anticipate a problem, please email me at least 72 hours before the work is due. 4. Assignment Submission: Any assignments that you are to email should be sent to [emailprotected] Du. When naming files (such as 1st drafts), begin with your last name. Ex. smith visual rhetoric essay. Doc. All files must be formatted in . Doc (compatible with Microsoft Word), and utilize ML style.All Blobs are due on or before Bam. Any assignments that will not be emailed will be noted on the syllabus. Some exceptions include the following: 1) You will always bring two printed copies of your drafts for peer review days. ) The Writing Portfolio is a printed, bound document that you must submit in person at the end of the semester. 3) We will also be posting a selection of your responses and completed writings online to a Billfold that you will create to present at the end of the semester. 5. Blobs: The blob will be graded on timeliness, thoroughness, depth, clarity, creativity, tone, and development.Final grading and Mid-semester self- assessments address these aspects. Timeliness: Are blobs turned in on time (by or before the deadline on the day they are due)? Thoroughness: Does the blob address and complete all aspects of each assignment? Depth: How deeply (intellectually) does the blob address all questions of each assignment? Clarity: Is the blob free of surface errors (such as spelling mistakes, grammar issues, distracting formatting etc) Creativity: Through writing, pictures, video, format, or other means, does the blob display a sense of original thought and creativity?Tone: Based on theme, diction, and tone, does the blob appropriately address a literary audience with style? Development: How has the blob itself developed over time? Are there other posts or pictures? Has the theme changed? Academic Integrity: Academic integrity is founded upon and encompasses he following five values: honesty, trust, fairness, respect, and responsibility. Violations include, for example, cheating, plagiarism, misuse of academic resources, falsification, and facilitating academic dishonesty.If knowledge is to be gained and properly evaluated, it must be pursued under conditions free from dishonesty. Deceit and misrepresentations are incompatible with the fundamental activity of this academic institution and shall not be tolerated (from Linings Academic Integrity Policy). To ensure that you understand the university policy on academic integrity, review the guidelines ND list of violations at . I expect you to abide by the Academic Integrity Policy. LOGIC Faculty have discretion in assigning any grade-related sanction. Our class views plagiarism as a very serious offense. PLAGIARISM ON ANY ASSIGNMENT OR ASSESSMENT WILL RESULT IN IMMEDIATE FAILURE IN THE COURSE. Accommodations: Students with documentation of special needs should arrange to see me about accommodations as soon as possible. If you believe you could benefit from such accommodations, you must first register with the Office of Disability Services on campus before such accommodations Can be made. The office is located on the second floor of the Elliott University Center (CUE) in Suite 21 5, and the office is open am to am, Monday Friday.Telephone: 334-5440; e-mail: [emailprotected] Du. Email: Email is the best way to reach me. You can reasonably expect responses from me within forty-eight hours, excluding weekends and university holidays. It is good practice to treat email as a writing situation that reflects you as an individual. Use appropriate language and etiquette. This does not mean emails have to be long and elaborate, but they should be moderately professional forms of communication with your instructor. Conferences: We will meet once for conferences to discuss your writing.I cancel at least one class meeting for each round of conferences. Therefore, if you miss a conference, you will receive one absence. Come to conferences prepared to discuss your work and ask questions about the course. Grading Scale: I utilize the full range of grades from A to F (including plusses and minuses) in keeping with University grading policies. Your final course grade will be based on the following components that make up your course work for the semester. UNC defines an A as excellent; a B as good; a C as average; a D as lowest passing grade; and an F as failure.In adherence to this scale, you should understand that a C means you successfully met the requirements Of the course, not that you did poorly, which would be indicated by a D or an F. Likewise, an A or B indicates that you met or exceeded course requirements. Should you decide to visit with me about a particular grade from an assignment or assessment, our conference must be at least 48 hours after you have received the grade. I will not meet with you unless you email me a 2 page in-depth response (ML formatted) at least 24 hours prior to our tenting that respectfully discusses your concerns over the assignments grade in question.Electronics: Silence cell phones and amp players before class begins. Refrain from testing or otherwise using your phones and electronics during class. Use of cell phones in class will result in an absence. Unless otherwise specified, students may use laptops in class due to a special need for purposes of note- taking or other classroom activities. Students with such a need should make specific arrangements with me as soon as possible. The Writing Center: This free service exists solely to help you become a better rite.

My Fear of Public Speaking Essay Example

My Fear of Public Speaking Paper Fear is defined often as a negative reaction provoked by a looming danger. As humans, we have felt this negative emotion in varying degrees. Some of us fear snakes, heights, death and even the number Thirteen. My fear keeps me from expressing my ideas and myself. My fear is public speaking. Born and raised in Ethiopia I spoke Amharic my native language, until the age of fourteen. I then moved to the United States to join my family. Coming to a new country already had lots of challenges; having to learn a new language makes it a lot harder to overcome the fear of public speaking. Can you imagine how difficult it was to move? We find it hard moving to a different apartment let alone a whole new country. I had to move from a different continent. Yes, it was very challenging and terrifying. In spite of my fears, in my first year of high school English class, I found myself having to give a speech report. From the moment Mrs. Smith, my teacher, announced that we had to present our essay; I was consumed with worry and dread in anticipation. The day was Tuesday and it was unusually muggy and dark outside. As I walked through the tunnel that led to my English class, I wished I could keep walking to my home, my true home. Knowing that there was no hope of going back, I stepped in through the gates of hell to face my demons. We will write a custom essay sample on My Fear of Public Speaking specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on My Fear of Public Speaking specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on My Fear of Public Speaking specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In the class I saw monsters, in varying sizes. I saw them having huge ears, especially made, for listening to any errors, mispronunciations, and stutters. These beasts had huge eyes, big as baseballs, made to look for nervous ticks. Their huge mouths were filled with enormous tongues like lizardsmouths made for laughing at me and tongues to talk about me behind my back. Oh, such terror! I had never felt so terrified. My heart was beating so fast I thought any minute it would jump out and run away. I walked in slowly, with measured steps. I didn’t want to disturb the creatures. Not wanting them to turn on me this minute, I sat at my desk avoiding any eye contact and made myself as small as a mouse. I was hoping the main monstrous creature sitting behind the desk would not utter my name. â€Å"Ko row beil,† the creature shrieked murdering my name. For a moment, I thought, â€Å"That’s not my name. Should I sit here till the monster gets it right?† No, I thought it best not to anger the beast. I stood quickly and moved toward the front of the class. Approaching the front, I smelled a strong perfume emanating from the creatures body. The perfume was so strong it smelled like toilet cleaner with a hint of citrus. I felt light headed either from the overwhelming odor or my fear. My vision got swirly I had to hold on to a desk to keep from falling. In this state, I began to speak my introduction. Thirty seconds or so into my speech, I began to breathe normally and relaxed a bit. I dared to look down from the ceiling. I looked at my classmates. On their faces were the funniest expressions I had ever seen. There was bewilderment and some looked dumbfounded. Then my brain started to register that I was speaking Amharic my native language. I stopped and looked at those funny expressions on the students’ faces, and I busted out laughing. I could not control my laughter. Then the whole class erupted with laughter, even the enormous creature behind the teacher’s desk. A few minutes later, the class calmed down from laughter, so had any difficulties I had about speaking. I began again in English this time. I was very relaxed and even had a smile on my face. I finished my presentation it wasn’t perfect but I was done. As I sat back at my chair in relief, the creature stepped out from behind its desk. Looking at the monster’s face I saw similarities. It had the same demeanor, caring and loving as my mother. The monster was no more. Of course, my fear was not just a fear of speaking to people; rather it was not being understood. There were many factors that added to my fear of public speaking. I believe not being raised by my parents and societal tradition in Ethiopia was significant. In Africa war, famine, and political are realities that separate families. My family had no control over these uncontrollable situations. As a consequence I was not raised by my parents. Not being raised by my parents had impacted my confidence and made me fearful of speaking in public. However, I’m thankful of my first speech in English class. The speech that day built up my character and made me a better person.

Biography of Charles Manson, Mass Murderer

Biography of Charles Manson, Mass Murderer Charles Manson (November 12, 1934–November 19, 2017) was a mass murderer who founded a desert cult known as The Family in the 1960s and manipulated its members into brutally killing people on his behalf, including the pregnant actress Sharon Tate and other Hollywood residents. The crimes inspired Helter Skelter, a best-selling book  released in 1974, and an Emmy-nominated TV miniseries by the same name released in 1976. Fast Facts: Charles Manson Known For: Manipulating his cult to commit mass murderAlso Known As: Charles Milles MaddoxBorn: Nov. 12, 1934 in  Cincinnati,  OhioMother: Kathleen MaddoxDied: Nov. 19, 2017 in Kern County, CaliforniaSpouses: Rosalie Willis, Leona StevensChildren: Charles Manson Jr., Charles Luther MansonNotable Quote: â€Å"You know, a long time ago being crazy meant something. Nowadays everybodys crazy.† Early Life Charles Manson was born Charles Milles Maddox on Nov. 12, 1934, in Cincinnati, Ohio, to 16-year-old Kathleen Maddox, who had run away from home at age 15. Shortly after Charles birth, she married William Manson. Despite their brief marriage, her son took his name and was known as Charles Manson for the rest of his life. His mother was known to drink heavily and spent periods in jail, including time for a strong-arm robbery conviction in 1940. According to Manson, she had little interest in being a mother: Mom was in a cafe one afternoon with me on her lap. The waitress, a would-be mother without a child of her own, jokingly told my Mom shed buy me from her. Mom replied, A pitcher of beer and hes yours. The waitress set up the beer, Mom stuck around long enough to finish it off and left the place without me. Several days later my uncle had to search the town for the waitress and take me home. Since his mother couldnt take care of him, Manson spent his youth with various relatives, which werent good experiences for the young boy. His grandmother was a religious fanatic, and one uncle ridiculed the boy for being feminine. Another uncle, while Manson was in his care, committed suicide after he learned that his land was being seized by authorities. After an unsuccessful reunion with his mother, Manson began to steal at age 9. Three years later he was sent to Gibault School for Boys in Terre Haute, Indiana, which wouldnt be his last experience in reform school. Before long he added burglary and auto theft to his repertoire. He would escape a reform school, steal, get caught, and be sent back to reform school, again and again. When he was 17, Manson drove a stolen car across state lines, earning his first stint in federal prison. During his first year there, he racked up eight assault charges before being transferred to another facility. Marriage In 1954, at age 19, Manson was released on parole after an unusual period of good behavior. The next year, he married a 17-year-old waitress named Rosalie Willis, and the two took off for California in a stolen car. Before long Rosalie became pregnant, which was good for Manson because it helped him get probation rather than prison time for stealing a car. His luck would not last, though. In March 1956, Rosalie gave birth to Charles Manson Jr., one month before his father was sent to prison after his probation was revoked. The sentence this time was three years in Terminal Island Prison in San Pedro, California. After one year, Mansons wife found someone new, left town, and divorced him in June 1957. Second Imprisonment In 1958, Manson was released from prison. While he was out, he began pimping in Hollywood. He conned a young woman out of her money and in 1959 received a 10-year suspended sentence for  stealing checks from mailboxes. Manson married again, this time to a prostitute named Candy Stevens (real name Leona), and fathered a second son, Charles Luther Manson. She divorced him in 1963. On June 1, 1960, Manson was arrested again and charged with crossing state lines with the intent of prostitution. His parole was revoked and he received a seven-year sentence to be served at McNeil Island Penitentiary in Puget Sound, off the Washington state coast. During this term, Manson began studying Scientology and music, and he became obsessed with performing. He practiced his music all the time, wrote dozens of songs, and started singing. He believed that when he got out of prison, he could become a famous musician. The Family On March 21, 1967, Manson was released again from prison. This time he headed to San Francisco, Californias Haight-Ashbury district, where, with a guitar and drugs, he began to develop a following. Mary Brunner was one of the first to fall for Manson. The U.C. Berkeley librarian invited him to move in with her. Before long she started doing drugs and quit her job to follow Manson. Brunner helped entice others to join what would eventually be called the  Manson Family. Lynette Fromme  soon joined Brunner and Manson. In San Francisco, they found many young people who were lost and searching for purpose. Mansons prophesies and strange songs created a reputation that he had a sixth sense. He relished his position as a mentor, and the manipulation skills he had honed in childhood and prison fueled the attraction of the vulnerable to him. His followers saw Manson as a guru and a prophet. In 1968, Manson  and several followers drove to Southern California. Spahn Ranch In the late 1960s, Manson was still hoping for a music career. Through an acquaintance, music teacher Gary Hinman, he met Dennis Wilson of the Beach Boys, who recorded one of Mansons songs under the title Never Learn Not to Love. Through Wilson, Manson met record producer Terry Melcher, actress Doris Days son, whom Manson believed would advance his music career. When nothing happened, Manson was upset. He and some of his followers moved to Spahn Ranch, which was northwest of the San Fernando Valley. The ranch had been a popular film location for westerns in the 1940s and 1950s. Once Manson and his followers moved in, it became a cult compound for The Family. Helter Skelter Despite his skill at manipulating people, Manson suffered from delusions. When The Beatles released their White Album in 1968, Manson believed their song Helter Skelter predicted an upcoming race war, which he referred to as Helter Skelter. He thought it would occur in the summer of 1969 and that blacks would rise up and slaughter white America. He told his followers that they would be saved because they would hide in an underground city of gold in Death Valley. When the Armageddon that Manson had predicted didnt occur, he said he and his followers would have to show blacks how to do it. In their first known murder, they killed Hinman on July 25, 1969. The Family staged the scene to look as if the Black Panthers had done it by leaving one of their symbols, a paw print. Tate and LaBianca Murders On Aug. 9, Manson ordered  four of his followers to go to 10050 Cielo Drive in Los Angeles and kill the people inside. The house  had belonged to Melcher, who had spurned Mansons dreams of a music career, but actress Sharon Tate and her husband, director Roman Polanski, were leasing it. Charles Tex Watson, Susan Atkins, Patricia Krenwinkel, and Linda Kasabian brutally murdered Tate, her unborn baby, and four others who were visiting her (Polanski was working in Europe). The following night, Mansons followers brutally killed Leno and Rosemary LaBianca in their home. Trial It took police several months to determine who was responsible for the brutal slayings. In December 1969, Manson and several of his followers were arrested. The trial for the Tate and LaBianca murders began on July 24, 1970. On Jan. 25, Manson was found guilty of first-degree murder and conspiracy to commit murder. Two months later, he was sentenced to death. Death Manson was saved from execution when the California Supreme Court outlawed the death penalty in 1972. During his decades in the California State Prison  in  Corcoran, Manson received more mail than any other prisoner in the U.S. He was denied parole a dozen times and died, apparently of natural causes, on Nov. 19, 2017. He was 83. Legacy Laurie Levenson, a professor at Loyola Law School who followed high-profile cases, described Manson in 2009 as the worst of the worst: If youre going to be evil, you have to be off-the-charts evil, and Charlie Manson was off-the-charts evil, Levenson told CNN. Despite the vicious brutality of the murders he committed or ordered, however, Manson became an icon of sorts to the more radical elements of the counterculture movement. His image is still seen on posters and T-shirts. To others, he was an object of morbid curiosity. In addition to the best-selling Helter Skelter, which was written by Manson prosecutor Vincent Bugliosi, and the TV movie released two years later, many other books and movies related to the Manson story have been released. Sources Charles Manson: American Criminal and Cult Leader. Encyclopaedia Britannica.Charles Manson  Biography. Biography.com.Charles Manson, leader of murderous 60s cult, dead at 83. CNN.

Wind farm coursework Essay Example | Topics and Well Written Essays - 3250 words

Wind farm coursework - Essay Example This report will begin by a summary providing the background and the crucial processes needed in the wind farm besides provision of reason to invest in the venture. The introduction will incorporate description of the project, its requirements, importance advantage and disadvantages as well. As a matter of fact, outlining the objectives of the report will form a fundamental section of the introduction. Adequate models for calculations such as correlation, regression and other statistical estimations are used and shown as well. This entail all stages ranging from the data collection on the properties of wind in the region to the financial budget estimations. Numerical methods have been reviewed in order to achieve results from the accurate limits of estimations. Being that this was an original result that depended on variables of different characteristics, incorporating assumptions was necessary so as to guide the research process. Stating the assumptions presented the criteria applied in the process and targeted offering guidelines in the analysis phase. A wind farm entails a group of wind turbines assembled in the one location at appropriate intervals and used to generate energy from wind through transformation. A greater wind farm might contain hundreds of individual wind turbines and occupy a protracted area of hundreds of square meters, though the land amid the turbines might be engaged in agricultural together with other purposes that do not interfere with the operation of the turbines. Wind power is a plentiful, extensively circulated energy resource that has no fuel cost, no adverse releases and water use. Wind’s disadvantages are greatly connected to its flexible characteristic and the element that the best regions for producing wind energy are always found distant from major cities and urban centers. Wind swiftness and path can alternate by the season, diurnal and hour and hence demand standby from power generation sites

Risk Involved In Investment And Portfolio Management Essay

Risk Involved In Investment And Portfolio Management - Essay Example It is natural because investors perceive much risk to be involved in investments such as bonds and stocks they are willing to expect more return on them. Stocks and bonds are considered more risky because they involve several elements that may change with time due to uncontrollable factors such as price, interest rates, inflation etc. The most important thing with respect to any investment is the level of certainty with respect to the recovery of principal amount invested. Stocks and bonds are different with regard to risks that are confronted by investors from time to time. Stocks or bonds are both issued by corporations at different times to raise long-term finance for their business but their treatment is different. Stock is regarded as equity capital whereas bonds are considered as borrowed capital or external funds. Stock investors become owners of the company and bondholders become creditors. Owners i.e., stockholders therefore perceive more risks pertaining to the recovery of their principal amount because in case if company defaults they would be given less priority over bondholders on the company's assets. Gibson (2000, p58) elaborates that, "because the bondholders and other creditors of a corporation have a prior claim to the corporation's revenues and assets, common stock shareholders are said to have a residual ownership interest". Also the returns to stockholders are not guaranteed but bondholders are entitled to receive a fixed rate of guaranteed return. Therefore, in this view, investment in stock is riskier than bonds. There are various aspects that determine the risks involved in investing into corporate bonds and securities. Bodie (1995, p21) says that, "with real bonds, the investor...This paper provides an overall introduction to risk and various elements that add to the risk associated with a certain type of investment. This paper also illuminates the effectiveness of portfolio management to eliminate the risks that are confronted by investors while maximising the returns on investment. In investment management, risk is often equated with the uncertainty (variability or standard deviation) of possible returns around the expected return. Risk is the capability of pointing out possible outcomes and their probabilities without being sure as to which will happen. It is the extent and possibility to which expected returns vary in response to several factors. Investors block their money in certain assets such as stock and securities as well as liabilities such as bonds in anticipation of certain return with less exposure to risk factors. Different types of investments contain different levels of risk that also correspond to the return expected by investors. Investments such as government bonds and securities bear no risk to the investors therefore provides less return to the investors. Bonds are categorised as liabilities and therefore bear a legal guarantee for investors to receive their invested amount even if the company goes bankrupt. There are other factors also that make investment in bonds and shares risky such as interests rates and inflation. An investor can greatly minimise the risks associated with investments by means of portfolio management.

Employee -Employer Relationship and Expectations Essay

Employee -Employer Relationship and Expectations - Essay Example Even in the modern world where technology and machines have made lives easier for many, the need of human capital still persists because the common sense, creativity, problem solving skills and decision making abilities cannot be substituted by the automatic mechanics or computers. Therefore an efficient and effective interaction between the employers and employees leads to the success of the business (Buren & Greenwood, 2008). The smooth operation and organisational consistency greatly relies on setting the standard operating procedures which ensures that the working environment is safe and the work is carried out in the most -efficient manner. The SOP’s can be re-evaluated and re-established with a proper feedback from the employees. If the management has an open door policy, this can be an advantage in the betterment of the business because of the positive input of employees due to the natural free thinking. The feedback is analysed by the employees and is utilised in the b est way possible that helps the business without compromising its quality, consistency and reliability. This also improves on the decision making of the management. But, the employee- employer relationship is very critical. The both of employees and employers are different from each other and if these are not somehow met, it results in a conflict. EMPLOYEE – EMPLOYER RELATIONSHIP AND EXPECTATIONS: The relationship between an employer and its employees is not just based merely on economic terms, but it is much more than that. It is an important relationship that is based on mutual dependency and has a great impact on the working and progress of an overall organisation. A set of values and norms that are applicable on all members of the organisation members persists and must be followed. This makes the culture of an organisation that gives it a uniqueness and identification (Zientara, 2009). The workplace in professional life, is like a second home to an individual, so his job is an extremely valued possession that has an effect on a lot of factors. The relationships that an individual maintains at the workplace are different from those that are his personal, and therefore must be very carefully sustained. The employer-employee relationship is the most complicated one and each has a level of expectations from one another. There always has been and will always be an assured push and pull between the employers and employees that cannot be evaded. But if they work together with a mutual consent, they can come up to each other’s level (Zhang, Tsui, Song, Li, & Jia, 2008). Experts say that this tug of war between employer and employee helps to build the synergy vital for focused approach towards the collective goals of the organisation (Evanschitzky, Groening, Mittal, & Wunderlich, 2011). The organisation is a collection of numerous units working together collectively to achieve one goal; the organisations goal. Along the way, the employee tries to achi eve his/her goals be it experience, thirst for knowledge, or the never ending need to financial security while using the employees goal as a driving force the employers try to align these goals with the strategy of the organisation. Experts also say that this is the best way to make a winning solution, using the zeal and creativity of the employee, help them achieve their goals but align them according to the goals of the organisation. Why is it so necessary to align all the expectations and the goals together? Why does an organisation needs this synergy? The

Prediction Of Spark Ignition Engine Testing Engineering Essay

Prediction Of Spark Ignition Engine Testing Engineering Essay Introduction Internal combustion engines date back to the 1800s. Since then, they have improved considerably as the knowledge of the engine process has evolved. The engine process is seen as a complex one and so, calculating the various engine parameters is a complicated task. There have been a number of computer programmes with the aim of estimating these parameters; OpenWAM is relatively new simulation software that intends to do this. OpenWAM, or open wave action model, is a free, open-source code that has been developed to solve the thermo- and fluid dynamics of compressible flow through the different components of an engine. The aim of this project to use OpenWAM to generate a full set of engine performance and fuel economy prediction estimates and to then compare these with experimental results. The engine in question is that of a BMW-Mini Direct Injection Spark Ignition Engine. It will be tested over a range of different operating loads and speeds. A successful interpretation of this softw are, and the results, could optimise the operation of the internal combustion engine. This Interim Report details a synopsis of the literary review done to date. It includes the main principles of an internal combustion engine, including the intake and exhaust system as well as the in-cylinder process. The details of OpenWam software are mentioned and its applications. The aims of this project are also described. Literary Review Basic Principles Internal combustion engines have one main purpose, that is; the production of mechanical energy from the chemical energy contained in the fuel. The basic principles behind any reciprocating engine are the same. The cycle has four stages; intake, compression, expansion, exhaust. The intake stroke begins with the piston at the top of the cylinder (TDC) and the inlet valve open. As the piston moves down a vacuum is created and air-fuel mixture is drawn into the cylinder. When the piston reaches the bottom (BDC) the inlet valve is closed and the compression stroke begins. This involves the piston moving up and compressing the air-fuel mixture. This is then ignited in the expansion stroke. As the air-fuel mixture is heated it expands, pushing the piston down, to bottom centre (BC). The outlet valve is then opened and the exhaust gases are removed to the atmosphere. The piston moves up to TDC as the exhaust stroke finishes the cycle [1]. Figur-1 Basic Combustion Cycle The engine used in this project is a four-cylinder engine. Most engines used for automobiles have four cylinders. The number of cylinders is an important consideration for the overall performance of an engine. Each of the cylinders, contain a piston that is connected to the crankshaft. The movement of the piston rotates the crankshaft. The crankshaft is what turns the wheels. The more pistons powering the crankshaft means more power can be generated in less time. The engine used in this project is a Direct Injection Spark Ignition Engine. This means that the fuel is injected directly into the cylinder. With regular engines, the fuel and air is mixed before entering the cylinder. This will be discussed in further detail in preceding sections. Basic Components https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRGp6-t_AoyFqKyh_y_CsmlsJvoMMLQqKc7IELHJu7sROE9sJhy5dVF4Sb4IP8LrkvduVQ7qCRAV9-U3dIGNn_8FXi54CDqtMoXj1PBm-Xz-h3zmn8_Jlj-a_sCxh7iUbQLdp_4ldHDtE/s1600/BMW_S1000RR_ENGINE_CUTAWAY_700x462_700.jpg Figure-2 Engine Cutaway Intake The engine intake process governs many important aspects of the flow within the cylinder. The efficiency of combustion and the production of pollutants are strongly dependent on the flow of air during the intake stroke. Fluid Flow during Intake Process The gas flowing into the cylinder, through the intake valve, behaves as a conical jet. The axial and radial velocity components, of the jet, are up to ten times that of mean piston speed. High speeds of the fluid lead to turbulence. Turbulence is generated due to the large velocity gradient formed when the jet separates from the valve. Turbulent flow undergoes irregular mixing and the speed of the fluid is constantly changing magnitude and direction. By increasing the rate of momentum, heat and mass transfer of the fluid, turbulent flow encourages mixing within the cylinder. It leads to the formation of vortices. Vortices are large-scale rotating flow patterns that are unsteady and react with each other. These vortices are important governing factors of the overall behaviour of the flow. They remain until the end of the intake stroke, where they become unstable and break up. Turbulence is essential to the effective operation of an SI engine. It is a goal of any engine to maximise the turbulent effect, however this is complicated by the fact that flow patterns change during the engine cycle. They are largely dependent on the design of the intake system and are quite sensitive to small variations in flow. They are largely dependent on the design of the intake system and are quite sensitive to small variations in flow. This can lead to substantial cycle-to-cycle variations. The turbulent flow of air within the combustion chamber is almost exclusively generated during the intake stroke [3] Volumetric Efficiency Pg.209 Volumetric efficiency is defined is the measure of success with which air is inducted into an engine. It is defined as the ratio of the volume flow rate of air into the intake system, to the rate at which the volume is displaced by the engine. More simply, it is the actual rate at which air enters the cylinder, over a given period in time, to the theoretical rate at which it should enter, over the same time period [6]. C:Documents and SettingsucdMy DocumentsDownloadsCodeCogsEqn.gif Where; ÃŽÂ ·v volumetric efficiency Ma mass flow rate of air ÃŽÂ ¡a, 0 density of air Vd displaced cylinder volume N crankshaft rotational speed Volumetric efficiency is used to measure the overall effectiveness of an engine. It is mainly affected by the density of air entering the cylinder, the design of the intake and exhaust manifolds, and the timing of the intake and exhaust valves. The high temperatures within the combustion chamber have a limiting effect on the mass flow rate of air into the system, thus reducing volumetric efficiency. To counteract this, air with higher density, i.e. lower temperature and higher pressure, is preferred. This increases the amount of air entering the system, improving the volumetric efficiency. The intake and exhaust manifold and valve timing have similar limiting effects. The amount of air entering the cylinder is also largely dependent on these parameters. These parameters constrain the maximum possible engine power. This is why the volumetric efficiency of an engine is very important. Frictional Losses Pg.212 Losses due to friction have a major impact on the engines performance. During the intake stroke, losses due to friction, in every part of the intake system, mean the in-cylinder pressure (pc) is less than the atmospheric pressure (patm). The difference between these two values is dependent on the square of the speed. The total friction loss is the combined losses from each of the components in the intake system; air-filter, inlet manifold, inlet valve and inlet port. Each component adds a loss of a few percent, on average, pc can be 10-20% lower than atmospheric [1]. RAM effect During the intake process the RAM effect needs to be considered when calculating an engines performance. It occurs when the open valve phase is extended beyond that of the intake stroke to improve charging the cylinder and make best use of the inertia of the gases in the intake system. As the piston reaches TDC during the intake stroke, the inlet valve does not close immediately. Instead it remains open, as the compression stroke begins. This allows any extra air to be added to the cylinder. The momentum of the air during the intake stroke carries it into the cylinder even after the piston has reached the bottom of the cylinder. At high speeds, the intake valve can remain open for longer to optimize the RAM effect. The inlet valve isnt closed until a crank angle of approximately 40-60o after BDC to take advantage of this. However for engines running at lower speeds, the momentum is not high enough, this can cause the air already in the cylinder to be forced out. Adapting the inlet va lve open phase can have a major impact on the engines performance [2]. Overlap When considering both the RAM effect and the blowdown phase (discussed later), it is clear to see that there is a period of overlap, when both the inlet and outlet valves are open. If the pressure inlet to outlet ratio is less than one then backflow occurs. This involves a rush of exhaust gases out through the exhaust manifold that aids the intake of air into the cylinder during the intake stroke. This works best at higher speeds, when its main advantage of overlap is the improvement in volumetric efficiency. As with any fluid flowing through a system of intricate pipes, cylinders, valves, there are friction, pressure and inertial forces present. The importance of these forces is dependent on the both the velocity of the fluid and the geometry of the system. These forces along with the effects of changing engine design affect the volumetric efficiency. In-cylinder (NB Pg.372,) Gas motion within the engine cylinder is one of the major factors that control the combustion process. Both the bulk motion of the gas and the turbulence characteristics of the fluid are important. The in-cylinder combustion process can be divided into four distinct phases; Spark-Ignition Early Flame Development Flame Propogation Flame termination Spark Ignition Pg 585 Close to the end of the compression stroke, the discharge between the spark plug electrodes by the ignition system starts the combustion process. The spark develops a self-sustainable and propagating flame. The function of the ignition system is to initiate the flame propagation process, to repeat this for each cycle, over the full range of load and speed of the engine, at the appropriate time. Spark-timing is an important consideration during the engine process. It can have a number of affects on the efficiency, formation of pollutants and other parameters of the engine. Advancing the timing, so that combustion occurs earlier in the cycle, increases the peak cylinder pressure (compression stroke work transfer, which is work form piston to gases in the cylinder, also increases). This is because more fuel is burned before TDC and the peak pressure moves closer to TDC where the cylinder volume is smaller. Delaying the timing means the peak pressure occurs later in the cycle and is also decreased in magnitude. This is because more of the fuel is burnt after TDC. Higher peak cylinder pressure result in higher peak burned gas temperatures, and therefore higher NOx formation results. Maximum Brake Torque (MBT) is the use of optimal ignition timing to take advantage of internal combustion engines max power and efficiency. It occurs when the compression stroke work transfer (which is from the piston to the cylinder gases) is increased and the expansion stroke (which is from cylinder gases to the piston) is reduced. The MBT timing occurs when the magnitude of these two opposing trends just offset each other. Altering the timing from MBT lowers the torque [4]. Generally, spark timing is delayed so as to avoid abnormal combustion. Abnormal combustion refers to either knock or surface ignition. Knock is the name given to the noise transmitted through an engine when a spontaneous ignition of a portion of the end-gas occurs. End-gas is the mixture of fuel, air and residual gas ahead of the propagating flames. The spark plug ignites one flame front, however an uncontrolled combustion then occurs and an extremely rapid release of most of the chemical energy in the end-gas leads to the initiation of multiple flame fronts. When these multiple flame fronts collide, the cylinder pressure increases and causes the piston, connecting rods and bearings to resonate [5]. Knock has a direct impact on efficiency because it limits the maximum compression ratio that can be used in any cylinder. Surface-ignition is another type of abnormal combustion. It occurs when ignition is initiated by a local hot-spot located on the walls of the cylinder. Direct Injection Spark Ignition Direct Injection (DI) engines deliver the fuel directly into the combustion chamber. The traditional method pre-mixes air and fuel in the intake manifold and then delivers it to the cylinder. However with DI engines, air enters through the intake manifold, where a specific amount of fuel is sprayed into the cylinder. Early Flame Development Pg.846-850 During the in-cylinder process of compression and combustion, the increasing cylinder pressure forces some of the gas in the cylinder into the corners or narrow volumes connected to the combustion chamber, e.g. the volumes between the piston, rings and cylinder wall. Most of this gas remains unburned in the primary combustion process as the flame cannot enter these narrow regions. Spark-Timing Pg 585 There is always an optimal spark timing for all operating conditions of an engine. MBT is most ideal at WOT however is not desired when the engine is at idle. Although MBT is desired at WOT it is wise to retard timing slightly to prevent knock that may occur and to create a small safety margin. It is possible to calculate the MBT of an engine by taking into account of all the operating conditions of an engine through its sensors. Operating conditions are defined by the engine parameters lambda, engine load, internal exhaust gas recirculation, engine speed, and of course spark advance. Magnusson, J. 2007 An Investigation of Maximum Brake Torque Timing based on Ionization Current Feedback Exhaust ( Pg. 626,570,) The level of sulfate emissions depends on the fuel sulfur content. Unleaded gasoline contains 150 to 600 ppm by weight sulfur, which is then oxidized during the combustion process to form SOx. The emission of particles is increased when the engine is cold, i.e. following start-up. The exhaust temperature has a significant effect on pollutant formation. Particles form in the exhaust manifold and either are emitted immediately or deposit on the walls of the exhaust. Many of these are removed when the engine is suddenly accelerated. The exhaust geometry, specifically the diameter, determines the amount of particles emitted. Incomplete combustion due to bulk quenching of the flame in that fraction of the engine cycle where combustion is relatively slow, is a source of hydrocarbons in engines. Such conditions are most likely to occur during transient engine operation when the air/fuel ratio, spark timing, and the fraction of the exhaust recycled for emission control may not be properly matched. Engine Design The major combustion chamber design objectives which relate to engine performance and emissions are; Pg. 845-> A fast combustion process, with low cycle-by-cycle variability, over the full operating engine range A high volumetric efficiency at wide open throttle Minimum heat loss to the combustion chamber walls A low fuel octane requirement Faster burn process is more robust and results in the engine being able to operate satisfactorily with much more EGR, or much leaner, without a deterioration in combustion quality. Faster burning chamber designs exhibit much less cycle variation, this permits better control of NOx within the engine. This is achieved in a number of ways. Swirl is used to speed up the combustion process in some spark-ignition engines. Swirl is defined as the organized rotation of the charge about the cylinder axis. Swirl is created by designing the intake system such that the flow enters the cylinder with an initial angular momentum. This is done in two ways, either the flow is discharged into the cylinder tangentially towards the cylinder wall. or intake? High volumetric efficiency is required to obtain the highest possible power density. Effective vvalve open area, which depends on valve diameter and lift, directly affects volumetic efficiency. Swirl speeds up process and achieves greater combustion stability. Heat transfer to chamber walls has a major impact on efficiency. Blowdown amount of time/distance/degrees between exhaust port opening and the transfer port opening Muller. P, 2009, Muller Machine, http://www.muller.net/mullermachine/index.html The blowdown process is similar to that of the RAM effect. It is necessary to open the exhaust valve before the piston reaches the bottom of the stroke, as this allows any excess pressure, pressure left over from the last cycle, to be released from cylinder. This ensures there will be no pressure acting against the piston on the compression stroke. Accurate exhaust valve timing is essential. At higher speeds, the valve will have to be opened sooner, whereas for lower speeds if the valve is opened to soon means pressure is lowered and losses are incurred. AutoWare, 1998, Valve Timing Performance  , http://www.auto-ware.com/combust_bytes/valvetiming.html The exhaust manifold operates at pressures significantly above atmospheric. Pollutants (pg.626, 570, CO-Pg. 593, summary Pg.618,) Theoretically, the combustion process of hydrocarbon fuels, such as petrol, completely oxidizes the fuel and the only by-products are carbon dioxide and water. However, under actual conditions this is rarely, if ever the case. The products of combustion from an internal combustion engine produce pollutants. This is due to the varied composition of the fuel for each cycle. Impurities in the fuel itself mean complete combustion is not possible. Poor control of the air-fuel ratio and variations in the combustions temperature also contribute to the formation of pollutants. The main pollutants formed are sulfur oxides (SOx), nitride oxides (NOx), carbon monoxide (CO) and particulate matter (PM). These pollutants have detrimental health effects. The presence of a catalytic convertor reduces the amount of harmful emissions entering the atmosphere by changing the composition of the pollutants. One of the most important variables in determining spark-ignition engine emissions is the fuel/air equivalence ration. GRAPH OF EMISSIONS!! To ensure smooth and reliable operation, SI engines are typically run close to stoichiometric, or slightly fuel-rich. From graph (ABOVE), lean mixtures give lower emissions until the quality becomes poor and back-fire occurs. In a cold engine, fuel vaporization is slow, the fuel flow is increased to provide an easily combustible fuel-rich mixture in the cylinder. Until the engine warms up and the enrichment is removed, the CO and HC emissions are high OpenWAM Simulation Software OpenWAM is a 1-dimensional gas-dynamics engine thermodynamic cycle simulation code. It was developed by the CMT- Motores Tà ©rmicos of the Universidad Polità ©cnica de Valencia, Spain. openWAM Modeling is an important technique for the optimization of internal combustion engines (ICE). The use of calculation models together with experimental tests is producing unquestionable successes due to the fact that both techniques complement each other. 1D wave action models simplify the engine by means of ducts, where only one dimension is considered, and volumes where mass accumulation is considered and the gas properties are uniform in the entire element. Finally, non dimensional models are used to solve connections between 1D and 0D elements. Thanks to more than 20 years, more than 10 PhD Thesis and many research projects and publications, CMT-Motores Tà ©rmicos has developed an own 1D gas dynamic tool called WAM which gathers an important know-how on air management, compressible flow, turbocharging, chemical species tracking, numerical analysis and many other aspects of engine modeling http://www.cmt.upv.es/WAM_02_02.aspx 1 dimensional modeling can reproduce the behavior of the engine under transient conditions when the injected fuel and the engine speed change during the simulation. For these applications, a heat transfer model is very important to take into account the heating process that the different parts of the engine undergoes during the transient. http://www.cmt.upv.es/img/WWam04.png http://giantmaw.com/Photo%20Album/Image%20Library/Cars/BMW/MWerks%20Forums%20the%20BMW%20Engine%20FAQ_files/4981_832.jpg

The Influence of Stress on Dopamine Levels :: Biology Essays Research Papers

The Influence of Stress on Dopamine Levels In the quest to survive, every living organism is equipped with the armor to withstand the impacts of stress. The African savanna leaves the zebra in an anxiety-ridden position of vulnerability to predators. Stress may can be as basic as the lack of food, habitat, or reproductive success. Humans are especially aware of the impacts of stress due to the nature of todayà ¢s contemporary lifestyle. Too many daily demands can give a person anything from insomnia to indigestion to depression. Every person is equipped to naturally deal with large amounts of stress, but when these amounts exceed what the body can handle, discomfort is considerable. Besides the qualitative approach to coping with stress, what bodily mechanisms are responsible for dealing with anxiety? The nervous system is almost solely credited with this task. The complex interaction system between billions of individual neurons facilitates large number of behaviors that result due to inputs originating inside and outside the organism. Spaces between neighboring neurons are called synapses, and one way in which they communicate is by sending chemical signals called neurotransmitters across the presynaptic membrane to the postsynaptic membrane. Years of nervous system research have determined that stress activates the neurotransmitter, dopamine. The functions of dopamine are numerous, but in general it inhibits transmission of nerve impulses. This transmitter is found throughout the body, though mainly housed in the brainà ¢s interior basil ganglia, in the frontal lobe of the information-processing center of the brain, or in the limbic system (1). Many chronic diseases result from the overproduction or underproduction of dopamine. The dopamineà ¢s inability to move into the frontal lobe of the brain results in the inability to control fine motor movement and is familiarly called Parkinson Disease(1) . If the flow of dopamine throughout the nervous system is not allowed to circulate as usual, then schizophrenia follows (1). Now that the extreme abnormalities of dopamine have been discussed, letà ¢s look at how dopamine affects the average person who is subjected to a stressful environment. One study maintains that the chewing behavior of mice is a response to stress, and therefore it serves as a coping device. The body responds to stress by the activation of the cerebral dopaminergic (DA) system. The study shows that when given the option of chewing, the activation of mouse DA system is drawn out (2) In other words, when allowed to chew, a mouseà ¢s body will have prolonged the presence of stress-managers; this coping mechanism reduces the impact of the stress.

Planning and Enabling Learning Essay

In this assignment I am going to explain my approach to the research I have carried out and summarise my findings. To plan and enable learning, as a trainer I must ensure that my training is student centred and inclusive to all. There are many theories and suggestions to consider how this should be done in an adult learning environment. In order to enhance my current knowledge I decided to use reference books, publications, journals and websites to research relevant topics. I also utilised my mentor as a sounding board for ideas and a point of discussion for areas I was unsure about. I reflected on my existing knowledge and my research for Unit One – Preparing to Teach in the Lifelong Learning Sector. I wanted to access new models and theories and link these into the context of my own teaching practice. To do this I searched the internet for reviews of reference material for planning and enabling learning, which I then purchased. I found that my research could be extensive. I had to remain focused and choose topics to explore that I found interesting and relevant to my learning environment and style of delivery. Adult learners need to take responsibility for their own learning. If learners are active in setting their own targets and understand what they need to achieve, motivation and self esteem will reassure their learning experience. Understanding methods of negotiation and inclusivity provides learners with the most appropriate experience, engages the whole group and builds a good rapport. This can be gleaned from the identification of needs as per Ecclestone (1996). I focused my research on the impact of initial assessment on the learning journey. From my experience initial assessment results are not used effectively and the process of initial assessment is usually carried out purely to comply with procedure. My experiences are confirmed by The Chief Inspector’s Report (2003). The Adult Learning Inspectorate found that ‘many providers are using a screening test but not following this up†¦. the results of the assessment are not being used to inform the ILP’ (Wilson, L, 2008, p.139). Initial assessment can have a huge impact on delivery of learning and can form the learner’s ideas, goals and highlight areas of support required. Scales (2008, p.178) states that initial assessment ‘should be handled sensitively to welcome learners in rather than scare with formal testing and assessment procedures’. I agree with this, however, the nature of the assessment will depend on the level and content of the course commenced. Some programmes require a robust assessment process to set parameters and determine suitability to join the course. Wallace (2007, p.154) describes the three key components that come together at the beginning of a programme – the teacher, the learners and the syllabus or specifications of the course. This makes complete sense. To deliver an effective programme and meet the learning outcomes the key elements must come together and crystallise. This will then inform the delivery of the overall programme. This led me to further explore my research around inclusive learning. I chose to continue down the route of motivation and the impact this has on learners. Petty (2009, p.55) noted that ‘Maslow showed that there is only one way of motivating your students. And that is to ensure that your students’ belongingness, esteem and self-actualisation needs are nourished through the learning activities you devise’. Using information from the initial assessment, such as learning needs or styles, resources need to be created and adapted to ensure learning is effective and relevant. Functional skills should be tested and developed when appropriate. In my research I focused on the practicalities of embedding these skills and reports published relating to post 16 education. In the training I deliver I can embed a variety of functional skills to allow individuals to maintain these skills and develop them further. Wilson (2008) suggested that incorporating ICT into teaching doesn’t always suit the teacher and/or learner. This can be the case with the types of sessions I deliver. Functional skills should naturally develop from a session; they can’t be forced into a session if they are inappropriate. Communication is the thread throughout a learning experience that encourages learning and development between the trainer and the learner. It is my responsibility to recognise potential barriers and utilise strategies to overcome these. This is the route I took with my research. I came across theories such as the Communication Climate (Adler et al, 1998) and Emotional Intelligence (Goleman, 1995). Again, I found a real link to negotiating with and including learners. Goleman (1995) believed that ‘if emotions and feelings are not recognised and managed by teachers and learners, then effective learning cannot occur’. My research has broadened my knowledge and understanding to take forward into the classroom. The brief I have provided only really scratches the surface from the extensive reading I carried out; however I will have the opportunity to explore these further within this unit.

BUSINESS RESEARCH PAPER

BUSINESS RESEARCH PAPER Business Research Paper assignment is considered to be one of the most important papers to be written. Good business research paper not only covers major business aspects, but also includes such subjects like marketing, economics, advertising promotions, successful sales, HR management, etc. And, yes, as you start writing your business paper you should have knowledge of all these topics that must be included in your perfect business research paper or other essay writing. If find yourself that you do not possess enough subject matter information, then buckle up to get this knowledge online or library books. Prepare in advance, start writing your paper as soon as possible at least in your mind. Sometimes you may find yourself that you don’t have enough real-time experience or knowledge of business. Then you should consult others and talk to business related people in order to get more information that will be perfect for your business research paper. As a help, recall your previous corporate work experience and analyze existing business patterns. It would be great if your will include real-life experiences and examples that will make your business research paper complete and profound. In case you are ready to accept help from essay writing service, we will be able to offer you great price and quality. You will receive you’re A-grade research paper on time as agreed. We know that we offer great deal. Our friendly customer support service will have contact with your 24/7. Dealing with our company is convenient and easy. We strive to make your academic study experience to be positive. In order to receive your best business research paper, we will need very detailed and clear instructions from you. You will be able to keep regular contact with your professional writer who will be working at your business research paper. The earlier you place your order, the better price you will get. Business Plan Essay Majority of business companies have different requirements that‘s they need a clear business plan. The process of writing a good business plan needs to state clearly business goals. It should have a market overview and information about existing and present competitors. We have gathered a team of professionals who are able to write successful project that will include marketing, sales part, financial part, hr management part, etc. The most important part of any business oriented writing is creating a genuine statement. This business statement will provide a clear vision of what the business stands for and wants for development. We are ready to create for you a special declaration that clearly states the vision of your business.   All you have to do is to contact our customer service and order online a business research paper or other custom essay papers. A true business plan or business research paper will have a clear business structure of the particular company or business. It will possess the companys business strategy and rational mind analysis.

Indus Civilization Timeline and Description

Indus Civilization Timeline and Description The Indus civilization (also known as the Harappan Civilization, the Indus-Sarasvati or Hakra Civilization and sometimes the Indus Valley Civilization) is one of the oldest societies we know of, including over 2600 known archaeological sites located along the Indus and Sarasvati rivers in Pakistan and India, an area of some 1.6 million square kilometers. The largest known Harappan site is Ganweriwala, located on the bank of the Sarasvati river. Timeline of the Indus Civilization Important sites are listed after each phase. Chalcolithic cultures 4300-3200 BCEarly Harappan 3500-2700 BC (Mohenjo-Daro, Mehrgarh, Jodhpura, Padri)Early Harappan/Mature Harappan Transition 2800-2700 BC (Kumal, Nausharo, Kot Diji, Nari)Mature Harappan 2700-1900 BC (Harappa, Mohenjo-Daro, Shortgua, Lothal, Nari)Late Harappan 1900-1500 BC (Lothal, Bet Dwarka) The earliest settlements of the Harappans were in Baluchistan, Pakistan, beginning about 3500 BC. These sites are an independent outgrowth of Chalcolithic cultures in place in south Asia between 3800-3500 BC. Early Harappan sites built mud brick houses, and carried on long-distance trade.The Mature Harappan sites are located along the Indus and Sarasvati rivers and their tributaries. They lived in planned communities of houses built of mud brick, burnt brick, and chiseled stone. Citadels were built at sites such as Harappa, Mohenjo-Daro, Dholavira and Ropar, with carved stone gateways and fortification walls. Around the citadels were an extensive range of water reservoirs. Trade with Mesopotamia, Egypt and the Persian gulf is in evidence between 2700-1900 BC. Indus Lifestyles Mature Harappan society had three classes, including a religious elite, a trading class class and the poor workers. Art of the Harappan includes bronze figures of men, women, animals, birds and toys cast with the lost was method. Terracotta figurines are rarer, but are known from some sites, as is shell, bone, semiprecious and clay jewelry.Seals carved from steatite squares contain the earliest forms of writing. Almost 6000 inscriptions have been found to date, although they have yet to be deciphered. Scholars are divided about whether the language is likely a form of Proto-Dravidian, Proto-Brahmi or Sanskrit. Early burials were primarily extended with grave goods; later burials were varied. Subsistence and Industry The earliest pottery made in the Harappan region was built beginning about 6000 BC, and included storage jars, perforated cylindrical towers and footed dishes. The copper/bronze industry flourished at sites such as Harappa and Lothal, and copper casting and hammering were used. Shell and bead making industry was very important, particularly at sites such as Chanhu-daro where mass production of beads and seals is in evidence.The Harappan people grew wheat, barley, rice, ragi, jowar, and cotton, and raised cattle, buffalo, sheep, goats and chickens. Camels, elephants, horses, and asses were used as transport. Late Harappan The Harappan civilization ended between about 2000 and 1900 BC, resulting from a combination of environmental factors such as flooding and climatic changes, tectonic activity, and the decline of trade with western societies.   Indus Civilization Research Archaeologists associated with the Indus Valley Civilizations include R.D. Banerji, John Marshall, N. Dikshit, Daya Ram Sahni, Madho Sarup Vats, Mortimer Wheeler. More recent work has been conducted by B.B. Lal, S.R. Rao, M.K. Dhavalikar, G.L. Possehl, J. F. Jarrige, Jonathon Mark Kenoyer, and Deo Prakash Sharma, among many others at the National Museum in New Delhi. Important Harappan Sites Ganweriwala, Rakhigarhi, Dhalewan, Mohenjo-Daro, Dholavira, Harappa, Nausharo, Kot Diji, and Mehrgarh, Padri. Sources An excellent source for detailed information of the Indus civilization and with lots of photographs is Harappa.com. For information on the Indus Script and Sanskrit, see Ancient Writing of India and Asia. Archaeological sites (both on About.com and elsewhere are compiled in Archaeological Sites of the Indus Civilization. A brief Bibliography of the Indus Civilization has also been compiled.

The Methods of Selection in the Recruitment Process Assignment

The Methods of Selection in the Recruitment Process - Assignment Example If the organization does not come to terms with these methods of selection, it hires other companies which search for the required talent. However, what is needed here is an understanding that shall reach upon the premise of hiring people who are skilled enough to deliver the goods as and when required. Recruitment process is important to understand within an organization because it is the basis of resource provision that employers look forward to having (Bierman, 2002). The recruitment process paves the way for the growth and development domains of an organization since it finds the ways and means through which success will be deciphered in a proper way. What is even more significant is the way under which the human resources management department deals with the process of recruitment that shall only make the entire process understandable to the publics who are outside the domains of the organization (Noe, 2009). These publics would want to know what kind of recruitment strategies a re in place within the organization and where the hiring regimes are coming into full action. Since these publics have a fair amount of say within the working methodologies, it is only natural to think of the discussion of stakeholders because these stakeholders have one or the other stake within the organization. Either the shares are being looked after by these stakeholders or they have invested a fair bit under the aegis of the organization (Laser, 1994). The need is to realize where the stakeholders deem the company in a positive way and what kind of optimism they have in mind regarding the chosen organization. In the same light, the organizational discourse must find a way through which the recruitment processes are handled in an ethical and moral way. If the hiring and firing domains are settled properly by the selection methodologies which are in place, then this should mean that the organization is doing something right for the new hires. This would be translated in the form of people joining its fore and aspiring to become a part of it in the coming times as well (Mckinney, 1991). However, many organizations are not well equipped to tackle all these issues and end up being at the receiving end of the public wrath for a number of reasons. The recruitment processes within China and the United Kingdom are important to understand because it outlines the basis of properly utilizing the resources within the domains of an organization. If the recruitment process manifests time delays and similar issues, then it would mean that there are serious problems that exist within the fore of hiring individuals within an organizational setting. Therefore the role of the human resources management department

Learning Styles Essay Example | Topics and Well Written Essays - 250 words

Learning Styles - Essay Example I think that everyone should know the way they learn. However, if an individual does not know how they learn they may find it a struggle to learn. They may be trying to learn the wrong way they may make them become frustrated and give up. When I was in high school I was not a good student. I received c’s and d’s. I was trying but l did not have anyone to show me how to learn so I gave up. It was not until I went to collage that I learned how to learn. Now I love to learn and I try to learn from different sources (LeFever, 2003). In taking the learning inventory I have found that there are few techniques that I have not tried; such as using graphics, tables, and spreadsheets to organize material, walk back and forth, and reading out loud. I would also like to try using things in my home and on the street to memory things. Throughout, my collage learning experiment I have learned not to give up. If I cannot learn in one way there are always ten other ways to try to learn the material (LeFever,

The role of the state in industrialization Essay

The role of the state in industrialization - Essay Example By developing a framework of analysis to examine business systems, Whitley explained at length â€Å"certain components of business systems and their interaction with institutions† (Tempel, 2001, p. 43). Whitley’s concept of national business systems has however been criticized often due to its weaknesses like portraying organizations as â€Å"passive pawns† which have little option but to comply (Scott, cited in Tempel, 2001, p. 42). With the help of extensive research and discussion regarding why it is that business systems in many developed nations continue to diverge, many factors are unveiled. While a market driven approach lays the foundation of employment systems in UK, fully developed vocational educational systems in France ensure high skill development and strict on-the-job training. Such pattern of allocating highly skilled workers even for the lowest jobs is not observed in UK. Germany, in contrast, practices the best system of economy wide vocational educational training. The rate of formal consultation is highest in European countries like Germany, Italy, and Sweden where employees are highly valued (Brewster and Larsen, 2000) in contrast to US or UK. As a result, there exists convergence of skills in contrast to polarization of skills as has been reported in UK business leading to â€Å"dead-end and low-skilled employment† (Crouch, 1997, p. 372). German business has advantaged hugely from VET system which demands continuous retraining and up-skilling (Crouch, 1997, p. 372).

Bruce Lee’s Passion in Martial Arts and Entertainment Essay Example for Free

Bruce Lee’s Passion in Martial Arts and Entertainment Essay Bruce Lee is a man who acted upon his destiny and was very famous for all his achievements in America and China. His determination as an actor and martial artist made him a legend throughout the world even though he died from cerebral brain swelling at the age of 32. He is considered to be the â€Å"Greatest Martial Artist of the 20th Century† because his philosophies and insightful teachings have influenced many, including myself. Since Lee was a man who made his dreams a reality he began his film career when he was six years old, brought the art of martial arts and film to America, and he also created his own style of martial arts called Jeet Kune Do. Bruce lee His first screen appearance was at three months old in his fathers movie (Roensch 15-18). This was the beginning, leading to over twenty motion picture roles and steadily increasing popularity among Hong Kong audiences (The Bruce Lee Story 1). Some of the movies he had made were Enter the Dragon, Fists of Fury and The Return of the Dragon. Even though Bruce Lee died so young, he still had the acting experience because he started acting when he was young. What is Jeet Kune Do? Simply put, its English translation is way of the intercepting fist. Bruce studies all types of fighting from American Boxing to Thai Kickboxing. His simple philosophy was rather than block a punch and hit back with two distinct motions, why not intercept and hit in one, fluid stroke. Fluidity was the ideal. Try and obtain a nicely-tied package of water, Bruce would taunt. Just like water, we must keep moving on, Inosanto reitterates. For once water stops, it becomes stagnant. Water, Bruce would always give as an example, is the toughtest thing on Earth. It is virtually indestructable; it is soft, yet it can tear rocks apart. Move like water. Bruce dissected rigid classical disciplines and rebuilt them with fluid, po-mo improvements. Its good but it needs restructuring, he would say. Classical techniques did not take into account the reality of street fighting. Jeet Kune Do did. It was pragmatic, reality-based, empirical- not a bunch of stances, postures and mumbo jumbo handed down from antiquity. Second, he brought the art of martial arts and film to America. The martial arts that he brought influenced many people in the U. S (Roensch 7). He also influenced many other Asians to act these days such as Jet Li and Jackie Chan (Roensch 9). When Bruce Lee auditioned for upcoming movies, he was turned down and was rejected because he was too oriental (The Bruce Lee Story 2 3). Even though he was rejected in American movies, he was still able to make movies in Hong Kong. His goal was to make five movies in Hong Kong but he ended up making four and a half movies because he died during the fifth movie (The Bruce Lee Story 2 3). The movie that he didnt finish was called Game of Death. Bruce Lee practiced the nunchaku with Mr. Dan Inosanto and this also made him famous. The nunchaku is made up of two short wooden or metal rods that are connected by a short chain. Mr. Dan Inosanto was one of Bruce Lees closest friends that taught him the art of the nunchaku (The Bruce Lee Story 2 1-2). Before he made the movies in Hong Kong, he made a series of shows in America called The Green Hornet starring Van Williams and Bruce Lee (The Bruce Lee Story 2 1). Despite popularity, he wanted to be known as an actor rather than a superstar. Bruce Lee had many famous quotes in various movies and interviews. One of them was ? The word ? superstar really turns me off, and Ill tell you why because the word ? star, is an illusion, it is something-what the public calls you. You should look upon [yourself] as an actor. I mean you would be very pleased if somebody said, ? Hey man, youre a super actor! It is much better than ? superstar' (Little 132).

Role Of Financial Markets In A Modern Economy

Role Of Financial Markets In A Modern Economy This essay examines the assumption, that a large financial sector consistently benefits the real economy. It has been acknowledged that the financial sector, not to mention some of its components, may sometimes become too large. It can end up posing a threat to both economic and financial stability, so the essay develops our understanding of where the optimal threshold lies. The regulatory measures and addresses the problem best: namely, preventing the financial industry from becoming too large and taking excessive risks, leading to the emergence of bubbles, and to the production of complex and dense financial instruments. And we should avoid imposing restrictive measures that will prevent the financial sector from channelling resources towards productive opportunities. In doing so, we need to make sure that our measures target non-traditional financial markets as much as traditional banking, in order not to encourage regulatory arbitrage and a return to business as usual outside the auspices of regulators. Financial innovation can impose a threat to both economic and financial stability, so we have to enhance our understanding of where the best possible threshold lies in determining the size of the financial systems. There is an emerging consent that while financial markets are generally conducive to economic growth, in the run-up to the recent crisis they were operating on an extreme scale. This essay will converse around four main points: firstly that efficient financial markets enhance growth, however, if they grow too large, then they may lead to a misallocation of resources and cause costly crises. Secondly, facts will be presented showing that in the build-up to the crisis, the size of the financial sector outgrew its trend. Thirdly, identification of some of the main reasons why this occurred and argued how to avoid that such imbalance again. To this end, regulation and supervision can play an important role. Lastly, while ensuring that the financial sector does not grow beyond its optimal size, the new regulatory framework should not reach the point of financial domination. The knowledge from recent industrialised countries has relatively claim, that deeper financial markets improve economic efficiency, lead to a better allocation of productive capital, and increase long-term economic growth. However, the frequent financial shocks associated with dynamic financial industries, and in particular the recent economic crisis, also highlight the role large financial markets play in downside risk. This mutually shows that there is a trade-off between a highly vibrant financial sector and the overall stability of the financial system. (Ranciere, R., Tornell, A., and F. Westermann, 2008) The first part of this essay will argue the aspects of the financial sector which can give us key insights into this trade-off is its size. When reasonably large, financial markets promote economic efficiency by recognising productive opportunities and transforming savings into the investment vitally to finance those opportunities. However, when they become too large, relative to what is implied by economic fundamentals, problems like financial complexity, poorly understood financial innovation, flock behaviour, and endogenous risk-taking to name just a few suddenly outweigh the benefits. The recent financial and economic crisis is a stark example of that. The pre-crisis period was characterised by the growing size, complexity and connectiveness of financial markets, with ensuing unfavourable effects on the global economy. In order to address the problem, regulatory measures are being taken to impose limits on the tendency of the financial sector to create downside risk. But a fine balance needs to be reached: these measures must be effective but not penalizing; they need to address the core of the problem without excessively limiting the ability of financial markets to sustain economic growth. Before going on the second point, it is perhaps useful to explain why we still need a large and dynamic financial industry. In general, deep and efficient financial markets improve economic performance both by raising the level of growth and by allocating productive capital more efficiently, ultimately generating benefits for the society as a whole( Rajan, R., and L. Zingales, 1998) . The difference is particularly noticeable when it comes to the financing of innovative ideas, where the much larger US venture capital industry has been credited over the years with the emergence of whole new industries and such innovative corporate giants as Microsoft, Cisco Systems and Google. All this leads us to the second point of the essay, which is how the size of the financial sector outgrew its trend. Most economists think the relationship between finance and growth as one in which more is better. However, the recent crisis has revealed that a financial sector which goes beyond a certain threshold (or breaking point) can harm the economy and society as a whole. In particular, an oversized financial industry tends to intensify information asymmetries, moral hazard problems, and the hunt for yield, leading to excessive risk-taking and over-leveraging of the system. The events of 2007-2008 suggest that when financial sectors are too large, the allocation of resources may become inefficient. Numerous examples of misallocation were associated with the credit growth of the early 2000s as well, of which the expansion of the US sub-prime mortgage market is just the most obvious one. We can think of examples in Europe too for instance, growth in Spain relied for years on an ever-expanding real estate sector fuelled by increasing borrowing.( Popov, A., and P. Roosenboom, 2009) After discussing the negative penalties on financial stability and economic growth that a too large financial sector can generate, in this section I will analyse available evidence to show that the financial industry as a whole has grown to a sub-optimal size. It is important to note that this is not due to rising compensation in traditional financial sectors like credit and insurance, but due to the large increase in compensation in non-traditional financial activities like investment banks, hedge funds and the like (Figure 1) below. This is another reason why any changes to the regulatory environment aimed at preventing systemic crises in the future will have to deal not just with the traditional banking sector, but with the so-called shadow banking sector as well. Unfortunately, it is not clear whether the crisis has imposed discipline on the financial sector. In theory, one would have expected the crisis to have resulted in, for instance, a new bonus structure with smaller rewards for short-term behaviour, less proprietary trading and more trading on own resources, greater aversion to the accumulation of debt, etc. To find possible remedies to the excessive size of the financial sector, it is important to understand the factors that have allowed it to grow too big, which leads us to the third part of the essay. As mentioned before, one obvious reason is excessive profits. Not only did rapid financial innovation enable Wall Street to encourage risk-taking through record pay, but this process also diverted human resources away from more traditional productive occupations towards the shadow banking system. Of course, an equally important reason for the increase in the size of the financial sector is the global accumulation of savings over time. It has been argued that the pre-crisis boom in US real estate and securitisation markets reflected high foreign demand for safe US assets resulting from excess world savings in the context of persistent global imbalances.( Caballero, R., and A. Krishnamurthy, 2009) According to this interpretation, foreign asset demand not only pushed down the risk-free interest rate in the US but also compressed the risk premier on risky assets. The low cost of financing, in turn, fostered an increase in the level of leverage of the domestic financial sector which exacerbated systemic risk While the recent increase in the profits of the industry was certainly due to improved financial innovation and technology, it can also be attributed to the higher risks that the financial sector undertook.(Biais, B., Heider, F. and M. Hoerova, 2010)By limiting these risks, it will be possible to reduce the size of the financial sector as well. For instance, suppose that risks decrease because of limits to leverage. This may imply that profits will go down as well. As a consequence, the financial sector will attract fewer resources, private capital will flow to more profitable industries, and its size will decrease. A natural question is how the new regulatory framework will affect economic growth. This question will answer the final part of the essay. It is necessary to ensure financial stability and restrain excessive credit, at the same time this process should not go too far and impair economic growth. There is substantial macro level evidence that the depth of the credit markets measured alternately as liquid liabilities and commercial bank credit to the private sector is associated with higher economic growth. (King, R., and R. Levine, 1993.) Changes in the supply of credit, both in terms of volumes and credit standards, have been shown to have a significant effect on real economic activity through business lending; the evidence is stronger for the euro area than the US. Studies that have gone into the mechanisms of this effect have generally concluded that the positive effect of credit markets on growth comes from reallocation of investment from dying to booming sectors, from higher rat es of new business entry, and from higher growth of industries consisting mainly of small firms. As I mentioned above, the expansion of sub-prime lending clearly imposed a negative externality on the whole economy, and so in hindsight regulatory measures that would have prevented such credit expansion could in fact have been beneficial. To summarise, capital requirements, and leverage ratios serve well to illustrate the trade-off between stability and growth as mentioned at the beginning. The examples provided earlier show that the costs incurred when an oversized financial system unwinds are very large and outweigh any pre-crisis gains. Therefore, practical regulatory actions are to restore the balance between stability and growth is perfectly justified. Conclusion Financial markets are central players in a dynamic modern economy, channelling resources from savers to borrowers and allocating them to productive investment opportunities. At the same time, our experience in the past decade has highlighted the dangers of allowing financial sectors to become too large. In doing so, negative developments like the hunt for rents, the propensity to herd and create bubbles, the misalignment of incentives, and the production of complex innovative financial instruments may outweigh the benefits of finance. Given the obvious negative impact of an excessively large financial industry, we keep asking ourselves whether limits should be imposed on the size of the financial sector itself. It must be clear from the evidence that has been presented that the answer to this question is yes. However, it is also essential to make sure that we do not repress financial markets to the point of jeopardising their contribution to growth. Therefore, the measures outlined are aimed at making the industry safer rather than weaker, and should not be considered punitive. Their goal is to re-direct the financial sector so that it avoids embarking on unsustainable patterns. These actions are aimed at commercial banks as well as at non-traditional financial players to make sure that excessive risk-taking is not taking place outside the auspices of regulators. Ensuring that the financial sector is large enough to strengthen the economy while not being too large is a task that we take very seriously. There is a clear trade-off between economic growth and financial stability, and it is a difficult but critical task to strike a good balance, ensuring that we end up neither with too little growth nor with too little stability.