The Goal Of Anthropology World Of Warcraft Essay

The goal of anthropology is to holistically study and examine the similarities and differences among all forms and contexts of humanity. With the existence of virtual humanity, it is certainly possible to compare and differentiate simulated humans to that of real-life humans (whether past or present) and that can be done through the thorough analysis of games. â€Å"World of Warcraft is a massively multiplayer online role-playing game (MMORPG)† where players descend into an online realm where a world of fantasy and epic adventures awaits them. Within World of Warcraft is a playable race, dwarfs, which seem to bear quite a significant resemblance to that of real life Neanderthals. Just on the basis of similar appearance between Dwarfs and Neanderthals, can that lead to determining comparability of their physical structures, geographical locations, lifestyles, practices, characteristics, and even their cultures? Could it be that Dwarfs were incorporated into the game of World o f Warcraft through inspirations from Neanderthal lifestyle and culture? Is there undeniable evidence that shows that Dwarfs can indeed be identified as the Neanderthals of World of Warcraft? To arrive at these determinations, a thorough and individual analysis of both human species is required and after having compared and differentiated evidence those findings could be conclusive. As a brief introduction of both human species, Neanderthals were said to be the closest extinct relative to that of modernShow MoreRelatedCybersex10501 Words   |  43 Pagescam, respectively). Cybersex is commonly performed in Internet chat rooms (such as IRC, talkers or web chats) and on instant messaging systems. It can also be performed using webcams, voice chat systems like Skype, or online games and/or virtual worlds like Second Life. The exact definition of cybersex—specifically, whether real-life masturbation must be taking place for the online sex act to count as cybersex—is up for debate. It is also fairly frequent in online role-playing games, such as MUDs

Essay on Dating on the Internet - 3869 Words

Dating on the Internet It has become todays method of communication, the wave of the future. The necessity to leave the home to do such things as shop for clothes or to go to the bank is diminishing. Business is being conducted more frequently from the home. Students will soon be able to interact with their teachers and fellow students while sitting in their bedrooms. The Internet will overtake all forms of personal interaction, and it stands to reason that this includes dating. From foreign pen-pals to heated Cybersex, the number of people who log on each day is growing rapidly. Those who used to race home from school to run outside and play, now race home to meet their best friend in a chat room somewhere; theyve never met and yet†¦show more content†¦All this excitement is just the exploration of the new media. (Womens Wire News). The telephone cut off the absolute need for face-to face discussions, yet society thinks nothing of this today. Rather the telephone is one of the most important forms of communication in our daily lives. After the telephone came the television. Children would come home from school excited because it was time for their favorite show. Parents were worried. Their children were no longer playing with their neighborhood friends. The Power Rangers replaced Andy next door, Saturday morning was for The Smurfs or Saved By the Bell, not Jenny and Tammy down the street. Television was rotting the brain, it was replacing socialization. Now the same can be said for computers. Those same kids are racing home to the Internet. They are logging on to their favorite chat rooms and talking to their friends from Australia or South Africa. With the telephone there was still the ability to engage in personal conversations, but the value of talking face-to-face was diminished. Television is an idle medium. There is no direct interaction, rather children and adults sit and stare at a screen. The Internet brings back interaction, but at the cost of intimacy. The person at the other end of the conversation is a screen, a typed sentence, a random name. There is no voice, no human qualities. Nothing to indicate this is actually a living, breathing being. The progression is there;Show MoreRelatedOnline Dating Vs. Internet Dating1574 Words   |  7 Pagesunderstand married people going frequenting online dating sites. I now realize after Googling married people online dating that married people using online dating services is not only a very common practice, there appear to be online dating service that target married people looking for a date or more. Many married people are finding the temptation of online dating irritable. On e website is stating that 150,000 married people join online dating sites each month and these sites are doing there bestRead MoreInternet Dating Essay781 Words   |  4 PagesTitle : Internet Dating: Should or Should Not? 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The two of them were introduced to one another by a mutual friend at a social function a few weeks ago. The pair then go to an elegant restaurant; where conversation flows naturally for a couple hours, allowing one another to learn about the background and interests of the other. After dessert

Nazism Argumentative Essay Example For Students

Nazism Argumentative Essay The Rise of Nazism in GermanyGermanys defeat in World War One created political, economic and social instability in the Weimar Republic and led to the rise of the National Socialist German Workers Party (NSDAP) or Nazi party. The First World War placed increasingly heavy strains and sacrifices on the German people. The gap between the rich and poor widened and divisions between classes increased. It had direct effect on the workers living standard as earnings fell and food shortages grew. Food was sold on the growing black market but the prices were high and the poor could not afford to buy. This led to a crisis in the cities and as many as 700 000 died of hypothermia and starvation in the winter of 1916-17. In order to force the German people to bear the hardship of the war, chancellor Bethmann Hollweg promised political reform in a speech in the Reichstag in February 1917. This promise led to political unrest and an organised strike of 400 000 ammunition workers in Berlin, which threatened to cripple arms production. However, as long as the military held their dominant position and the possibility of victory remained, the prospects of reform seemed remote. After the chancellor was forced to resign in July 1917 military repression increased. There were severe restrictions on the right of assembly, stricter control of meetings to discuss grievances, a return to military service for striking workers and the banning of all anti-war material. In September 1918 the military effort suddenly collapsed. The allied powers, in particular President Wilson of the United States, demanded that Germany be transformed into a democracy. On November 1918 the SPD declared the abdication of the Kaiser and the birth of the new Weimar Republic. On 28 June 1919 the German government signed the Treaty of Versailles imposed on it by the victorious powers. Clause 231 blamed Germany for causing the war and vast majority of Germans rejected this. They blamed the Weimar government for losing the war and signing the outrageous Treaty. Linked to this was the demand for financial compensation for the cost of the war paid to France and Britain. This shocked the Germans severely as it would be hard to pay reparations since the war had weakened the country. Germanys army personnel was to be reduced to 100 000 and was forbidden to produce offensive weapons. There was to be no air force or submarines and the navy was to be reduced to six small battleships and six cruisers. Perhaps the hardest condition to bear was the territorial losses. Germanys land was reduced by 13 % and all of its colonies were confiscated. Finally, because of French fears of another attack, German territory of Rhineland was to be permanently demilitarised. Political conflict also arised within the Weimar government. The Workers Councils Congress demanded further reforms but was rejected by the SPD. The far left-wing, called the Spartacist League or the Communist Party, created an uprising, which was crushed by the Free Corps a group of former army officers who later became active Nazis. The leaders of the rebels, Karl Liebknecht and Rosa Luxemburg were arrested and murdered. These factors led to a permanent split between the SPD and the USPD. Army reductions, demanded by the Versailles Treaty, triggered the Kapp Putsch. The extremist right group known as the National Association attempted to seize the government using the help of the Free Corps units. The uprising was defeated due to a general strike by the workers. The extremist right then used political assassination as a weapon to undermine the republic. There was also an economic instability in Germany during the 1920s. Inflation in Germany began with the war in 1914 and remained a policy tool of the government until the currency stabilization in November 1923. .u6f4d783395b83e5743b78bc6e8d1563c , .u6f4d783395b83e5743b78bc6e8d1563c .postImageUrl , .u6f4d783395b83e5743b78bc6e8d1563c .centered-text-area { min-height: 80px; position: relative; } .u6f4d783395b83e5743b78bc6e8d1563c , .u6f4d783395b83e5743b78bc6e8d1563c:hover , .u6f4d783395b83e5743b78bc6e8d1563c:visited , .u6f4d783395b83e5743b78bc6e8d1563c:active { border:0!important; } .u6f4d783395b83e5743b78bc6e8d1563c .clearfix:after { content: ""; display: table; clear: both; } .u6f4d783395b83e5743b78bc6e8d1563c { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u6f4d783395b83e5743b78bc6e8d1563c:active , .u6f4d783395b83e5743b78bc6e8d1563c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u6f4d783395b83e5743b78bc6e8d1563c .centered-text-area { width: 100%; position: relative ; } .u6f4d783395b83e5743b78bc6e8d1563c .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u6f4d783395b83e5743b78bc6e8d1563c .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u6f4d783395b83e5743b78bc6e8d1563c .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u6f4d783395b83e5743b78bc6e8d1563c:hover .ctaButton { background-color: #34495E!important; } .u6f4d783395b83e5743b78bc6e8d1563c .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u6f4d783395b83e5743b78bc6e8d1563c .u6f4d783395b83e5743b78bc6e8d1563c-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u6f4d783395b83e5743b78bc6e8d1563c:after { content: ""; display: block; clear: both; } READ: A Good Man Is Hard To Find Essay Inflation allowed the government to pay back war debts in increasingly worthless currency and full employment and economic growth at a time when the victorious powers were suffering war slump. Inflation and high interest rates also attracted short-term investment. Hyperinflation in Germany led to a redistribution of wealth and those whose wealth lay in savings lost everything. Meanwhile the stability of the republic continued to be precarious against the determination of the nationalist opposition to bring it down. Some aspects of the Weimar Constitution allowed the destruction of the Weimar Republic and the rise of the Nazi party. Article 20 stated, Reichstag deputies were to be elected by universal, secret, direct ballot using the method of proportional representation. The system of proportional representation made it easier to form new parties and difficult to create and maintain coalitions. The SPD failed to establish a coalition between USPD to oppose the Nazis and this helped the Nazi Party to rise and gain power. Article 48 stated, If public order was endangered the president could suspend the fundamental rights guaranteed elsewhere in the constitution, and could intervene if necessary with armed force. This granted an enormous amount of power to a single member of the government the president. Once the Nazi Party rose to power and Hitler became the chancellor, he was able to impose on the fundamental rights of the German citizens during wartime and direct the armed forces. Social and political effects of the German defeat in WW1, the humiliation of the Versailles Treaty and the political and economical instability of the Weimar Republic led to the rise of Hitler and the Nazi Party. BIBLIOGRAPHY GERMANY 1918 1945 Democracy to Dictatorship Anne McCallum Heinemann, 1992 A HISTORY OF GERMANY 1918 1945 Republic to Reich K. J. Mason McGraw-Hill Book Company, 1996 GERMANY BETWEEN THE WARS Hitler and the Third Reich Tony D. Triggs Oliver Boyd, 1990 Encyclopedia Encarta, 1997 Encyclopedia Britannica, 1999

Financial Management Macroeconomic Condition and Composition

Question: Describe about the Financial Management for Macroeconomic Condition and Composition. Answer: Part-A Q1 (i) factors influencing the expected return on a portfolio The rate on a portfolio depends on many factors like macroeconomic conditions and portfolio composition and we have to see that to what extent it meets the financial objectives of the investors. Mix In portfolio investment the assets which we are mixing determines the return. There is always a risk return tradeoff in each asset when the risk is higher the higher the volatility and the return potential. We can take an example shares are more risky and volatile than bonds, the expected rate of return on shares can exceed than bonds over long term period. Fundamentals The strategic and operational fundamentals of the businesses affect the expected rate of returns. The company should be in a position to take the advantage of the opportunities and it can respond to the competitive threats effectively. Economy The macroeconomic conditions affect the expected rates of return .when the economy is growing economy that means more people have jobs and they spend more. For the businesses there is increase in sales, profits and the business now make the investment in new employees and equipment. Other factors The fiscal policy, political stability and regulations also affects on the expected rate of return .when the fiscal deficits are large it reduce the flexibility of government which results the borrowing cost of business become higher (Basu, 2011). Q1 (ii) Distinguish between Selection and Allocation in the Context of Portfolio Management Allocation means the ability by which we can allocate the assets to various sectors or groups. It measures our ability how effectively we can allocate the assets to different sectors. It measures that when the stock is overweighting or when it is underweighting of sectors and it is relative to a benchmark whether it contributes either positive or it may be negative to the accounts overall return (Interactive brokers, N.D). Selection means the ability by which securities are selected from a sector which is relative to a benchmark. It is a part of managers skills and performance attributable when he is selecting securities. When the managers choice of security is bullish, benchmark will be under weight on choosing security. On the other hand, if a managers choice on a security is bearish, then the benchmark will be over weight on the choosing security (Rau, 2013). Part B QB1) market efficiency and 3 notions of market efficiency This concept is taken from the market hypothesis, and it suggests that the price of the security reflects all the news about the security. The important point to consider is that if the market is efficient the security price is not affected by any information which is expected by the investors. Only that information will impact the price that is not fully expected by the investors. The 3 notions of market efficiency are as follows. The weak form states that the present stock price of the stock show all the data of past market. So the stock price will be reflected by the past data and the trader cannot guess the prices of stocks in future based on past stock price. Semi strong form states that the present stocks prices show the information which is publically available and it also includes the past information. This form also encompasses the weak-form. So any investor does not use the information which is publically available to identify the mispriced securities. The strong form states that stocks prices will include all the information whether it is public or private .So, if a market seems to be efficient, then the traders who have insider information of market cannot take benefit to make abnormal profits (Maverick, 2015). QB2) (A).The Capital Asset Pricing Model According to CAPM, theexpected return from a security is equal to the rate on risk free security adding a risk premium with it. After that, assets systematic risk can be multiplied by it (Wagner, 2016). In financial Management, risk is a part of return on security i.e.when risk is more or when risk is taken the return would be higher and lesser will be the chances of loss (Harvey, 2011). The model depends upon certain assumptions. There are 9 assumptions. The original assumptions were: Investors are those persons who want to maximize their wealth and for this purpose, they select the investments which give them expected return and standard deviation. Investors have unlimited amounts that can be borrowed or lend at rate which is free form risk. Short sales own no barriers. The investors have same expectation which is related with market. Financial assets are sold at market value and are divisible. Absence of Cost of transaction. Tax free. The acts which the investor perform have no influence on market price. All financial assets quantities are given and it is fixed (Eugene and Kenneth, 2004). QB2) (b) Arbitrage pricing theory (APT) It is a process to determine the price of anyasset. The main assumption of this theory is that various factors like macroeconomic, market and security-specific factors influence the return on assets. The model is based on pricing of asset and on the idea that the returns on asset can be determined by studying the association between that assets and risk factors involved. Stephen Ross evolved this theory in 1976. It explains the connection of the returns of a portfolio with return of a single asset which consist the combination of independent macro-economic variables. It is a one-period model with the assumption that the stochastic property of returns of capital assets is reliable with a structure factor. The author argue that if price of symmetry offer no opportunity over still portfolios of the property, then the expected returns on the property are just about closely connected to the factor loadings (Huber man and Wang, 2005). QB3) (A) In the past thirty years the founders have found out a various cross sectional patterns related to return on equity are called effect. For Example effect of volume, price effect related to cash flow and influential effect and liquidity effect. The similar study has revealed the CAPM model of Sharpe, linter and black but it cannot explain in equity returns. So these effects are termed as anomalies, because they are not consistent with the combined theory of market competence and the properly specific asset pricing model. According to Fama, to test the market efficiency a combined test of the asset pricing model and market efficiencys have been conducted but these anomalies do not show the proof of inefficacy prevailing in market but it shows that the asset pricing method is not clearly specified. They propose 3-factor model to make clear the equity returns that is called FamaFrench model. The factor has argument that CAPM model contains two more factors. It covers the return premium of little firms above huge firm and of high B/M firms in excess of short b/m firms. Fama and French (1993, 1996) explained that the 2 extra factor which is connected to dimension and B/M that detain the danger is orthogonal to market factor and, so their model is a multifactor danger based model (Ghaghara, Lee And Veeraraghavan, 2009) (B) According to the studies made by Fama and French mainly their 1993 and 1996 studies it display that their model is performing well in USA .The adjustedr2s from their regressions are around 8090 percent. And furthermore their model explain a number of CAPM anomaly as a consequence of their work and like study made by additional researchers the FamaFrench model have turn into fairly.. There is a restraint in Australian investigation is that the asset pricing models are experienced on a big number of portfolio , and B/M portfolios are used as the test portfolios next Fama and French .the market of Australia is very small than the US market and the market comprise of only few stock. So we can say that it is not appropriate to test the model on a huge number of portfolio. The main cause is that the normal divergence of the portfolio income is too high as the no of stocks in the portfolio is very little this will prejudice the analysis that the model is rejected. So we have to examine the model on lesser number of portfolios. In this study, model can be tested on a much lesser number of portfolios. Main objective behind their work is that if the model gives good description about equity returns then it is able to explain the returns of the test portfolio created by sorts on which is recognized CAPM anomaly. The model become accepted because it explain the returns on many sets of test portfolios in the USA and the Australian research has not tested the FamaFrench model on the groups of portfolios which is formed by sorting on a broad variety of firm feature. So the second motivator to test the model on portfolio which is created by sorts the characteristics which is known to give details the cross-sectional difference in equity returns in order to inspect whether the model explain any experiential belongings. Finally, in 2007 Gharghori find a feeble proof of a leverage effect and various studies of Australia have examined the volume, B/M and liquidity effects and the majority of the findings are consistent with the determining Australian text. Hence it is less proof about the E/P and leverage effect in Australia and according to information, print work on the C/P effect. So an inspiration of the current study is to reinstate whether the size, B/M, E/P, C/P, leverage and liquidity effects subsist in Australia (Gharghor, Lee and Veeraraghavan, 2009). Part C QC.1.a Motives behind mergers and takeovers We split the motive behind merger and takeover into 3 main groups: Strategic motives These motives are easily justified and the transactions are mostly significant and essential. success will not be guaranteed only if there is a strong intentional motive The management of process of integration may be poor, wrong target may be chosen or price paid is of higher value. Financial Goals Financial Goal is a key element in all takeovers and mergers all are intended to attain a acceptable rate of return for the investment and danger been taken, however, there may be situation when the reason behind the transaction is monetary rather than planned. The financial returns are very important and it derives the deal. Managerial motives When any MA fails we can trace it back and called them as managerial motives. It is a not a good news for a shareholder of a business who is in takeover business, this transaction of merger and takeover destroys the amount of shareholder value (Riley, 2012). QC.1.b Corporate control means the right to appoint, fires and set the payment is set for the managers who holds top position. When the bidding company takeoff the firm; the controlling privileges of the firm which is acquired are transfer to the acquiring firm BOD. The controlling rights are retained by the corporate boards and they hand over the privileges to supervise the corporate wealth to the managers. So the resources of the target are managed by acquiring firm top management. Takeover can be done by 3 methods like tender offer, merger, through proxy contest, and most of the time all the 3 elements are present. In merger the company who is bidding offer to the company to buy common stock at a value which is surplus of the target firm earlier MV. And when we talk about mergers they are manage with the target managers directly it is approved by the BOD of the target company before the vote of shareholders approval. Tender offer means directly buy the shares of shareholders who make a decision on their own whether they wanted to give their shares for sale. Proxy contests take place when a dissatisfied group mostly led by an unhappy manager or by large stockholder and they attempt to increase the seats on the BOD of the target firm (Jensen and Ruback, 1983). An overview of the issues and evidence Mannes article initiate an interest in how controlling market attracts big corporation, and in a lot of cases the information about many facets of the market for corporate control has enlarged significantly. This body of technical information about the business conquest market provide the answer of the question stated below: How large the shareholders of both the firms of gains? Due to opposition of the bids by the manager of target firms it diminish the shareholder prosperity? Does antitrust resistance to takeovers compel costs on merger firms? Whether proxy contests exaggerated shareholder wealth? voting rights of the corporate are precious? Short evidences provide a supportive guide to the more in depth conversation that follow. Many studies guess that what are the effects of mergers on the stock prices the participate companies. There are 2 tables 1, 2 and they present a prcis of changes in the prices of stocks for both winning and failed takeover in the study. The returns in the tables represent our mixture of the evidence. Discussion of the details of the studies and the issues that lie behind the estimates in the tables is contained in section 2, the prosperity effects of takeover activities. Table 1 Abnormal percentage stock price change linked With winning company takeovers takeover technique target % bidder % Tender offer 30 4 Merger 20 0 Proxy contests 8 N.A Abnormal percentage stock price changes associated With failed company takeover bids takeover technique target % bidder % Tender offer -3 -1 Merger -3 -5 Proxy contests 8 N.A Table 1 depicts that target firms has a winning takeovers experience statistically important and the prices are changed twenty percent in mergers and thirty percent in abnormal tender offers. The firm which is acquiring realize a major abnormal profit of four percent of in tender offers and 0 in mergers. And the second tabledepicts that together the companies that is bidders and targets suffers a little negative abnormal stock cost change in failed merger and tender offer takeovers, even though only the -5% return for failed bidders in mergers is considerably dissimilar as of 0. Stockholders holding proxy contests in the corporation earn normal abnormal returns of about eight percent . It was astonished that these returns are not significantly lesser when the insurgent group lose the competition. The difference between the large stock price increase for winning target firms and the irrelevant stock price changes for failed targets indicate that the profit of mergers are realize only when power of the target firms assets is transfer to a acquiring firm. It suggest that the target firm stockholders have harmed when the managers of the target oppose the takeover bid and take additional measures that decrease the chances of winning acquisition. Moreover, the target managers have change when, the takeover loose control, reputation and the value of organization human capital, they can resist the takeover bid still. They take advantage significantly from the acquisition. When management resist to a bid it will gain stockholders when it lead to a superior takeover cost or else the prices of stock greater than before. When the management resist it effects on share shareholder prosperity and it is an experiential substance. Now we see the result of corporate network on the takeover. And we see that the companies which are better connected are more lively bidders. Both the companies have 1 or 2 directors common, there are always a chances that the transaction will be completed fruitfully without arguments and the time taken in the negotiation is very short a bidder and a target have 1 or more directors in general, the probability that the takeover transaction will be successfully completed augments, and the length of the discussions is shorter. The associated targets often accept offers that occupy equity. The worth of the information of the directors network consist of directors ability how they collect the information which is non public about the target or bidder and the synergies in an MA. corporations who have superior information can access (through networks) are and they discover precious targets and can start more takeovers. The 1st question that is asked is that the takeovers occur between the firms having familiar directors? It may be possible that the firms, who want to take over another firm, offer a directorship to any director of a potential target or bidder, respectively. One of the significant issues of negotiation is the payment method it may be in money, equity or both. So it all depends on market conditions, the acquiring company policy which he adopts against the target company that the takeovers increase the value of the target, or the bidder company, or its aggregate market value (Renneboog and Zhao, 2014). 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