Exile in the Odyssey Essay

In antiquity, the civilized world was settled around the Mediterranean Basin – the foundations of Western society can be traced to Hellenic Greece, which bordered the Aegean Sea. For the Greeks, the sea was the realm of the gods. In The Odyssey by Homer, Odysseus and he crew face many trials and tribulations that isolate and ameliorate them to teach the reader that the consequences of temptation must be conquered with absolute perseverance. When Odysseus and his crew arrive on the island of the Lotus-eaters, every man eats the Lotus fruit and is tempted to remain exiled on the isle in a deep sleep forever; it is only that after Odysseus removes his crew that they are able to continue on their journey. By being on an uncharted region of the earth, Odysseus felt that he and his crew were very alienated. If Odysseus had not expelled his crew, this apathetic temptation, which was induced by the fruit, would have bound his sailors to remain exiled on this lethargic island. This exile alienates the sailors because it convinces them that this island, not Ithaca, is where they truly belong. Because the voyage was brought upon our Ithacan by divine beings, the will of Odysseus must be as headstrong as the gods’ and he must observe circumstances with immortal clarity. By realizing the temptation to remain idle, Odysseus was able to save his crew so that they could make it back to Mycenae. By working hard to prove to his seamen that it is necessary to depart from the island of the lotophagi, Odysseus exemplifies perseverance of the greatest degree as a way to conquer temptation. Upon leaving the detestable island of Lotus, Odysseus himself uses his wit and determination to accept and surpass his temptation of listening to the fatal song of the sirens while proceeding to live. As the ten-year-long exile continues, Odysseus passes by the island of the beautiful female race that is called â€Å"the sirens† by humans. The song of the sirens is said to lure sailors to sail their ships directly into the rocky coast of their island. Unfortunately, being exiled causes Odysseus to strive for adrenaline rushes, thus causing him to submit to his temptation of hearing hese beautiful beings. Odysseus’s indefatigability is illustrated by his persuading of his crew to tie him to the mast of the ship and by forcing them to plug their ears with beeswax as a way to muffle to the song. While Odysseus allows himself to be taken by his temptation, all consequences of his actions are completely derailed. While still at exile at sea, Odysseus’s abilities are enriched by his cunning in this unique situation. At last, Odysseus tenacity is shown in contrast to that of his crew when his sailors are enticed by the glorious cattle of Hyperion, the titan of the sun. While on Circe’s isle, she informs Odysseus that the cattle belong to the gods and he, in turn, commands his posse to refrain from touching the sheep. Unfortunately, they disobey and Hyperion appeals to Zeus, who destroys the entire ship, sparing only Odysseus. By juxtaposing the fates of Odysseus and his men, the reader can see that temptation correlates directly to fate. This form of exile does two different things, one to each grouping that was outlined above, Odysseus or the crew. While considering that the crew was mercilessly murdered, it is evident that they are alienated from life. Odysseus, on the other hand, is enriched by this experience because it solidifies his belief that pertinacity is the only way to combat tantalization. Throughout the adventures and misadventures of Odysseus, the reader is taught that exile can both enrich and alienate he who is alienated. All the while, exile can act as solid evidence that the consequences of temptation can only be obliterated with iron-willed perseverance.

Nationalism And Sectionalism Essay

The Era of Good Feeling: The Effects and Consequences of Nationalism and Sectionalism In 1815, shortly before the start of James Monroe’s presidency and after the War of 1812, a historical period known as the â€Å"Era of Good Feeling† commenced in America. However, though the name of this age alone insinuated a time of unity and prosperity within the nation, sectionalism became an unequivocal dilemma that seeped through the government’s attempts in promoting nationalism, and ultimately divided the country. The Era of Good Feeling was a time where only one political party reigned, sense of unity prevailed, and national pride was evident within the citizens. This post ­war nationalism fueled the country to work towards a common goal, and even encouraged creation of traditions that would be passed down generations. The McCulloch v. Maryland case in 1819 exhibits government’s attempt in putting up a unified front to further promote nationalism. In this case, the Congress’ power is questioned when the ruling prevented states from outlawing or taxing the national bank, as Maryland tried to do. The document states, â€Å"The power of the general government, it has been said, are delegated by the states, who alone are truly sovereign† (Document 4). However, the outcome of the case only came to show that the federal government had more power compared to the state government, and thus portrayed a stronger, unified system. In Document 3, people are portrayed to be celebrating Independence Day on the fourth of July within the same year of the case. This depicts the effect that national pride had, bringing together multiple races, genders, social classes, and age groups to celebrate the country’s independence. Furthermore, this era also brought forth a fundamental period in Am erica known as the Industrial Revolution. This introduced market economy to the population and transitioned America to manufacturing processes that brought economic benefits to the north. Market economy not only changed the way people worked, but also the way they lived, as it divided labor, based work in factories, and opened new markets like the American Fur Company. Due to the prior Embargo Act, merchants also invested in national local manufacturing, and thus allowed for the rapid development of urban districts and increase in population. It brought wealth to the North’s market ­based economy but contradicted with the South’s focus on an agricultural economy that depended on slaves. One of the most significant developments within the country was introduced shortly after the War of 1812, by politician Henry Clay, as the American System. The plan promoted a system in which the South was seen to be the producer of raw goods, North for the manufacturing, while the West as the breadbasket of the country. It consisted of three parts: the development of canals, road systems and railroads, creation of a protective tariff, and the reinstating of the Bank of U.S.. The North prospered from the creation of the tariff as it helped develop the manufacturing economy. The West, on the other hand, benefitted from the creation of road and canal system, a plan supported by John C. Calhoun, in order to prevent disunion within the rapidly growing country, (Document 2). These developments in transportation allowed for easier distribution of goods, thus benefitting them as well. However, the protective tariff prevented the South’s economy from growing, thus leading to an evident economic gap between the North and the South, as the former’s economy started to boom due to the increase in manufacturing.

IP2 Essay Example | Topics and Well Written Essays - 500 words - 2

IP2 - Essay Example It includes use of demographic methods (such as gender or age), socio-economics (such as income levels or social class) and geographic location (often using sophisticated zip code or postal systems). Psychological include using customer attitudes and perceptions, the lifestyles of customers and the types of benefits customers seek from products and brands and their consumption choices (Baines, Fill, and Page 232). Behavioral criteria involve use of behavioral constructs such as product usage, purchase, and ownership to segment consumer markets. With the increasing sophistication of laundry detergent buyers we shall segment our market into two: (1) low-income, playschool parents – who have children younger than four years old, who purchase their laundry detergents at supermarkets or convenience stores. The laundry detergent will be for washing children wear. (2) The second target market shares all attributes with (1) except in this case we will be targeting primary school parents, who have children between ages 5 – 9 years. Young parents are high users of laundry detergents because of the need to keep their children, who change clothes at least twice a day, clean. Though this market segment tends to be loyal to their brands, we are targeting the low-income parents who are much keener than their high-income counterparts to try out new offerings. Though we may have to put a low price on our products to satisfy the low-income market, we anticipate high volumes because this demographic group tends to have more children than the high income counterparts. Our target market (2) will also feed from target market (1) as the children grow and their parents become loyal to our brand. Our biggest competitor shall be Procter & Gamble’s Dreft and Ivory Snow. Dreft’s value proposition is that it â€Å"helps remove tough baby stains, pediatrician recommended and the first choice of mothers

Personal statement Example | Topics and Well Written Essays - 500 words - 45

Personal Statement Example I believe that good managers must have entrepreneurial qualities. Managers are always ahead of time and see things in the perspective of the business. In this regard, their decisions affect the performance of a company directly. The success or failure of a company is also attributed to the management. In this regard, I believe managers have the principal responsibility for ensuring survival optimal performance of a business. I am the vice president of an international club. Essentially, the responsibilities of the position demand sound management skills. The position has helped me prepare for my future role in the business world. I have observed that I must change my attitude towards people and business in order to survive in the competitive management jobs. Also, the position has enabled me learn how to deal with people of different origins and cultures. It has helped me appreciate that people are different and can be productive only if they are recognized and appreciated by the management. In the urge to enhance my skills in management, I undertook a part-time job in management. The job has enabled me see business processes in the perspective of a manager. I have come to understand that managers should carry out extensive research on the business situation and also have a hands on approach to solving any issues in the business. In my position, I have seen how managers engage other employees and stakeholders when making serious business decisions. The job has improved my management skills and revamped my urge to study management to a higher level. My hobbies also contribute towards my better understanding of people. I interact with people and share their stories. I believe communication is key in understanding people. Moreover, talking to people enhances my social life and also learning. Mostly, meeting and talking to people enhances my knowledge and learning of new things. When people share their situations, I evaluate them and emulate the strategies

Commercial Reading Programs Essay Example | Topics and Well Written Essays - 1000 words

Commercial Reading Programs - Essay Example This essay considers general aspects of these programs, and the various ways they can be utilized in the 8th grade language arts curriculum. The Great Leaps reading program is a commercial reading program that is targeted to improve student fluency, phonics, and motivation. In terms of background elements, the program is recognized as being a research-based program that incorporates education theory and studies in the construction of its instructional methods. It’s indicated that the program has been adopted by a wide-variety of educational programs. Statistical research has also demonstrated that the program has been highly successful in aiding students in special education programs, including students with dyslexia. The program itself is designed to be an efficient means of advancing language arts comprehension. For instance, the student’s in the program spend only ten minutes per day working with the instructor and the materials. This allows for the program to be imp lemented as an after-school or augmented education program that doesn’t overly occupy the student’s time. The program contains a student manual and an instructor manual that are targeted for the learner’s age and reading deficiencies. ... One of the effective uses of the reading program would be for the in-class 8th grade special education language arts curriculum. In these regards, there are a variety of ways the program could be used in this educational context. One of the major ways the program could be implemented is through its incorporation into the main curriculum. In these regards, the program could be implemented to advance student phonics understanding by identifying sounds in isolation. Specific patterns are taught to students in a progressive learning process. Students then advance to the study of prefixes and suffixes. The theory behind this is that these elements allow the educator to imbue the student with critical thinking skills to decode words and phrases they are not familiar with. At a different stage of student education the instructor can incorporate sight phrases to advance student reading comprehension. In these regards, high frequency words are instructed to students. Through this mode of inst ruction the student learns to identify word meanings with these phrases as a means of improving reading efficiency. The final stage of instruction involves reading fluency. In this stage the instructor has the student read age appropriate stories while they listen for aspects of comprehension, fluency, and pronunciation. In the 8th grade special education language arts classroom dividing students into reading groups based on comprehension level could institute this program. The instructor could then implement a teaching assistant or work in rotation with the different groups. This way the students would receive instruction designed for their specific level of reading development in an efficient and effective way. Another prominent reading program is the Reading Blaster program. Whereas

Investigation of the june 3, 2006, collapse of Grandview triangle Essay

Investigation of the june 3, 2006, collapse of Grandview triangle bridge in Kansas City, MO (crane accident) - Essay Example The bridge deck was manufactured of nine concrete and a thick slab. The bridge had 12 spans of different length, whereby, the central girders were held in place by bents. The bents used to hold girders in place were made up of concrete. There were 11 bents in place connecting from east to west. On the other hand, girders were situated between flanges United (States Department of Labour, 2006). The picture below indicates that the bridge was made in such way that it appears as non-disjoint beam. As part of the Grandview Triangle development plan, the Montessori Department of Transport was awarded contract to vandalize old bridge including their bents. Further, the contract involved constructing new bridges as soon as the old ones were demolished. The Track Hoe Crane Company were the manufacturer of Track hoe Crane that was involved the accident on 3rd June 2006 accident at Kansas City during demolition process of the old buildings. The track hoe crane had an approximate height was estimated to be eighty five percent above the old bridge that was being demolished. On the contrary, the crane used in this demolition was weighing approximate seventy two thousand and eight hundred pounds. In addition, the load of the hoe crane had a capacity of 18percent during the collapse of the bridge (States Department of Labour, 2006). Various factors were involved in this accident. The following are the factors involved in the accident; the location of the hoe crane, the girder, expertise of the construction engineers who were involved in the demolition of the old bridges. It can be observed that the location of the crane was an important factor that contributed to the accident. The crane was placed located at the midst of the bridges, such location and the pressure that was being employed by the cranes led to the accident as the force was not uniformly distributed. Further, the pressure of above eighteen percent above the strength of the yield was quite

Ebay Research Paper Example | Topics and Well Written Essays - 2000 words

Ebay - Research Paper Example The sellers have the choice of accepting bids for their products. They can also use the Buy It Now option that provides the buyers with the opportunity to buy the product at a fixed price right away. Bidding in the online auction system starts at a price established by the seller and remains on the eBay for some days so that the buyers can place their bids. At the end of the listing, the buyer who has the maximum number of bids wins. On the other hand, when the Buy It Now option is used, the first buyer who is volunteering to pay the price established by the seller receives the item. The online auction website was established in the year 1995 as the AuctionWeb. Pierre Omidyar, an Iranian computer programmer born in France founded AuctionWeb on 3 September 1995 in San Jose, California (â€Å"The history of†). The first employee was recruited by eBay in the year 1996. eBay entered its first deal of third-party licensing in November 1996 with Electronic Travel Auction. It made use of the SmartMarket Technology to sell travel products and tickets of planes. In January 1997, over 2000000 auctions were hosted by eBay in comparison to 250000 that were hosted during the year 1996. In September 1997, the company’s name was officially changed from AuctionWeb to eBay after it received $6.7m from Benchmark Capital. â€Å"To save money, Omidyar linked the new Web site with an existing site he had created for his consulting and technology business, Echo Bay Technology Group. The Web address for that business was ebay.com† (Gitlin). The number of eBay†™s employees increased to 20 by March 1998 along with a population of half a million users. Its revenues in the US reached $4.7m (â€Å"The history of†). In 21 September 1998, eBay went floated over the stock exchange that resulted in the making of the founders of the company, billionaires. On the very first day of trading, the price of target shares of eBay increased from $18 to $53.50. eBay

QUIZ QUESTION AND ANSWERS Outline Example | Topics and Well Written Essays - 1250 words

QUIZ QUESTION AND ANSWERS - Outline Example ose of a sampling frame, which is to provide a method of selecting the particular individuals of a target population that will be subjected under interviews via the use of questionnaires. Before choosing this sample frame, one has to define the relationship between target population and the selected unit, since this unit is the one which determines the frame. A good sampling frame must have the following qualities. It should be accurate, complete and up-to-date. How well these properties relate to a target frame, will determine whether or not the sample frame is of good quality. Accuracy refers to a situation whereby an individual in a target population is incorporated just once. On the other hand, completeness refers to a situation whereby each and every individual of a target population is included in the sampling frame. Lastly, the quality up-to-date refers to a situation whereby the sample frame has to be current and not obsolete for it to be valid. Validity with respect to social research refers to the degree to which the set measures indicate what they had initially proposed to measure (KOTHARI, 2005). It can also be defined as the equivalence between the operational definition and the theoretical definition. For validity measurement, one has to first measure the reliability of that data. By contrast, reliability in social research refers to a situation whereby the same set of results is obtained irrespective of the time or place of survey, so long as the phenomenon being measured remains constant. Hence reliability focuses mainly on the consistency of the data taken from the target population. An in-depth interview refers to a dialogue between a trained interviewer and an interviewee, with the aim of exploring the interviewee’s feelings, views, behavior, experiences and perspectives. Some important characteristics of an in-depth interview include; open-ended questions, conversational, recording responses, recording observations, recording reflections an

CREATE ONE Essay Example | Topics and Well Written Essays - 750 words

CREATE ONE - Essay Example Technology has brought everything at hand by bringing people together so that they can contact each other even if miles away in the matter of seconds. It has strengthened the world by providing a platform that is used by many to flourish in the society (Morley 2011). The introduction of smartphones and tablets has further added to the integrity of the computers. These smartphones and tablets can now be used as an alternative to computers and carry out simple tasks in a portable manner. This essay would revolve around the concept of computers and technology in the modern society along with the ethical implications that they pose globally. This history of computers can be dated back to the 20th century but the real usage of computers really began after the 1980s after innovation brought up nicer models in the market. These computers were then accessible to a greater lot of people and hence they could experience the age of information technology. It was then that the World Wide Web was introduced but it could only be used by experts in that particular field in the beginning. After 1984, Apple and IBM introduced models of computers that were easy to use and this marked the beginning of the computers in the modern society. The major contributors of the computers are said to be John Mauchly and Presper Eckert as these individuals together were able to found the giant ENIAC in the 1940s. It was after their introduction that this field of information technology could prosper in the years coming (History of Computers 2015). After the introduction of internet, the usage of computers has further evolved and nowadays it is being used as a major source of entertainment by many. Computers have helped to ease the lives of many individuals in the world today by providing a platform through which things that were earlier considered impossible can be easily done. It has made a way into the markets of commerce and has thus

The development of paragraphs in passing information Article

The development of paragraphs in passing information - Article Example Additional sentences that build a paragraph often reflect the key ideas thus advancing the theme. Lacone (2003) indicates that coherence is a crucial characteristic, which entail the correlation between the sentences within the paragraphs and the theme sentence. This enhances the aptitude of a reader to understand the ideologies presented. Coherence can also denote connectedness between the various facts and themes within sentences. Lacone (2003) indicates that unity is a crucial aspect, which means that the ideas presented within the paper should be related. Indeed, presenting unrelated facts often affects the readability of the paragraph. Furthermore, it limits the flow of concepts. It is thus imperative for a writer to develop adequate facts with the intention of attaining unity. Accuracy is an imperative paragraph quality. It is essential for a paragraph to focus on the exact words or aspects. This indicates that the piece will center on the desires the readers. Furthermore, it will shun unnecessary concepts that make the writing long and boring. Accuracy arises from research or adequate representation of facts (Lacone, 2003). The proportion of sentences housed in a paragraph is equally crucial. It is important to acknowledge that an effective paragraph ought to house close to six sentences.

Presidential Election in Indonesia is more democratic than Presidential Election in USA Essay Example for Free

Presidential Election in Indonesia is more democratic than Presidential Election in USA Essay In Reform Era (1999-2009) the electoral system of Indonesia based on Law: 1) Regulation Number 2 year 1999 about Political Party. 2) Regulation Number 3 year 1999 about General Election. 3) Regulation Number 1999 about position and structure of MPR, DPR and DPRD.1 Which the electoral system is indirectly but at 2004 the electoral system in Indonesia have possibility to choose directly the Candidate of President, President Susilo Bambang Yudhoyono be the first President directly chosen by Community. Electoral system at the time based on Law: 1) Regulation Number 31 year 2002 about Political party. 2) Regulation Number 12 year 2003 about General Election of DPR, DPD, and DPRD. 3) Regulation Number 23 year 2003 about General Election of President and Vice President.2 Applying democracy system in Indonesia be transparency in all field include Presidential Election since 2004 the Indonesian people have right to choose directly automatically impact to democracy system itself become more transparency now. At 1787 United State of America was applying democracy system since legalization of United State of America Constitution but influenced by England system. Presidential Election in U.S.A is chosen by society but the participant was choose by each section state or called elector, in other hand not at all American people be participant of Presidential election only elector. Using democracy system the society have high authority in social life, in Democracy system which literally means â€Å"all in society hand† needed the mechanism to explore public opinion, aspiration in decide a policy that would take by a state. 3 In other hand democracy give the highest position for society to explore opinion, idea, aspiration and more important can create positive things from the Idea. Now President of U.S.A Barack Obama still using this system in Presidential system, President and Vice President will chosen after doing popular vote of election by elector. II. RESEARCH QUESTION 1. Why Presidential Election in Indonesia is more democratic than U.S.A? III. THEORITICAL FRAMEWORK General election theory CHAPTER 2 CONTENT I. Electoral system in Indonesia II. Electoral system in United State of America CHAPTER 3 CONCLUSION

Communication in Early Years Settings

Communication in Early Years Settings Introduction Communication is vital tool in all early years settings, it creates and developed positive relationships between all involved in looking after young children. Positive Relationships Respectful Relationships In order for a relationship to work there needs to be respect, this be fixated if everyone is treated equal and as an individual. Establishing a warm and welcoming environment is essential in developing respectful relationship. Albert Bandura believed that children watch the different ways in which individuals behave in their surroundings. Model is the name use to describe the people who are being watched. There are many powerful people that encircle children in society. These can be family members, friends, television characters or people in their school environment. Whether they are male or female, good or bad, the behaviour that these people demonstrate can be copied by children and display at a later date, whether appropriate or not. It may be more likely that a child will copy individuals that they think reflects them similarly, for example, behaviour display by people of the same gender. If a child is rewarded for positive behaviour it is possible that the child will maintain that pattern. It is important to reward a child for positive behaviour as it helps the child to build self-confidence, and to become aware of the difference between negative and positive behaviour. A child may seek endorsement fo r its behaviour from friends or family member. This endorsement is outside support, however, the emotion of excitement felt about the endorsement is of an inner support. A child desire to be approved of will always display behaviour which it thinks brings approval. Whether the support is negative or positive it’s not of great significance, if the support given outwardly is not equal the needs of the individual. There are lot of people that children may choose to identify with such as, family members, friends, or those on television. These distinct people have standard that a person could desire to have, which give them the incentive to want to identify with them. The result of this is the transformation of the behaviours, convictions, views and principles of the person trying to copy those people. Bandura, A. (1977). Social Learning Theory. Englewood Cliffs, NJ: Prentice Hall. Meeting Individual Communication Needs There are other ways to communicate as to verbal communication; using alternative methods will be useful in an early years settings to meet the individual needs of communication of the child(ren), parent and colleagues. Using alternative communication methods also promote diversity and inclusion. Verbal communication can be used to inform parent about their childs day at the end of the session, in a meeting with colleagues to plan activities Share information and to communicate with children throughout the day and during activities. Written communication Letters can be send out the parents to inform them about any changes to their child’s setting and provide information keeping them up to date, letters can also be sent out to parents to gain permission to take their children on outings and events. Reports will often be in a written format. In early years setting reports will be written about a child’s safeguarding concerns, development and any incidents. Electronic With an advance in technology electronic newsletters will be set out to parents. Email can be sent between colleagues to organise meetings or share information. Phone Telephone communication is used to inform a parent if a child is sick or has had an accident. Staff in an early years setting might use the telephone as form of communication with other professionals or arrange a meeting. Sign Language sign language is used if the individual has problems with speech, language difficulties or hearing impairments, this is a face to face form of communication Makaton (a version of British Sign Language) is often used in order to communicate with young children. This might include using pictures symbols as well as signing Interpretation Interpretation is used to communicate with people who do not speak English; this can take be both verbal and written methods to make sure that any messages are passed on correctly. Relationship within Early Years Setting There is a range of relationships that are in an early years setting and they all play an important role in the successful learning and development of children Childrens friendship early year’s settings provides children with a place for social interaction children will develop friendships in their environment. The development of a childs social skills will be a factor of forming a child who as a respected member of adulthood. Child starts to enjoy the company from an early age and become aware of others. Developing friendships helps a childs personal, social, emotional development and confidence; therefore practitioners should encourage and support children while they play to promote sharing and cooperation. The Key Worker The Key Worker Relationship A key worker is a practitioner who is set to the meet the individual needs of a child. Making sure that every childs care is tailored to meet their individual needs; they ensure that the child is settled in the setting and that they have built a relationship with the child and their parents. For a key worker it is essential that they develop a close and strong relationship with the child. When in early years setting every child is assigned a key worker, this person will have the main connection with parent and child. The key worker system is very important for young babies as they are completely dependent on their careers as they will experience anxiety when separated from their parents, key workers should spend time with their key child to develop trust and the child feeling safe and secure. Stage Psychosocial Crisis Basic Virtue Age 1 Trust vs. mistrust Hope Infancy (0 to 1 1/2 2 Autonomy vs. shame Will Early Childhood (1 Â ½ to 3) 3 Initiative vs. guilt Purpose Play Age (3 to 5) 4 Industry vs. inferiority Competency School Age (5 to 12) 5 Ego identity vs. Role Confusion Fidelity Adolescence (12 to 18) 6 Intimacy vs. isolation Love Young Adult (18 to 40) 7 Generativity vs. stagnation Care Adult hood (40 to 65) 8 Ego integrity vs. despair Wisdom Maturity (65) The importance of children developing trust within the first stage of life. Trust vs. Mistrust It is often asked whether the world is a secure environment or filled with unforeseen disaster about to take place. It is said that predicament seems to take place in life first year. Predicament is one of trust or mistrust. During this period the child is unsure regarding the environment they are living in .The child will look for comfort and security from its caregiver cover the feeling of doubt. For a child to develop the feeling of trust, the care given must be of consistency, security and certainty to help them to transfer to another relationship, which will empower them if threats occur. Succeeding at this point can be accomplished by strength and belief. When the feeling of trust is developed, the child can hold on to the belief that if a new predicament arises, there is reassurance that other people will be there to provide help. Fear will be developed if strength and belief have failed, e.g. If the care that is given is inhospitable unstable and unsecure. The child will deve lop the feeling of mistrust and lack of assurance in their environment, and not having the potential to make an impact in proceedings. The child will take with them, the fundamental feeling of mistrust to another relationship, this will cause them to be anxious and add to uncertainty, and a further sense of mistrust in their environment. Erikson, E. (1959), Theory of Psychology Development. Roles and Responsibilities of the key worker The key worker should be planning activities for their key child, they implement these activities during session time, while they are taking part in these activities they observe the childs participation, this promotes the childs learning a development through play, they also carry assessments of individual childrens development. As part of a key workers job, they carry out the personal needs of the child and communicate with parents on a regular basis. The Ecological system theory says human advancement is caused by various kinds of arrangement in their surroundings. This micro system’s setting is the direction that surrounds our lives. The people in our lives that have direct connection are educators, peers, family and neighbours. All are included in the micro system of which we socialise in. According to the theory, it is unlikely that we are simply recipient of the contact we have when interacting socially with those in the micro system surroundings, but we contribute to the creating of such surroundings. Brofenbrenner, U. (1917-2005). Effective Communication with Children It is important for the practitioners to communicate with children in a way that is appropriate such as; getting down to a childs level so they dont feel intimidated, demonstrate body language that is positive and welcoming and using language that is appropriate to a childs age and stage of development. Partnership with Parents Parents as Partners Parents are the people that know their child best, they provide knowledge to a childs particular interest and needs and this can be used to enhance the childs care. The key worker this the first person a parent will get to know, first impressions will be important in order to assure that they have made the right decision, it important to that the key worker is welcoming and friendly to parents, so that you are approachable. Admission to the Setting When parents entrust their child to an early years settings, the practitioner should work in partnership with parents to ensure that the information is specific to the child and is shared with all staff members so they are aware of the childs individual needs. Sharing of information about a childs illness, disabilities and allergies will make settling in easier for both the parent and child. Ways to involve parents within the setting Allows parents to explore the settings appropriately Child can show their parents things they like to play with Parents can see displays and examples of childrens work Sharing observation and planning with parents Invite parents to volunteer on outings Encourage parents to support learning and development by attending workshops and making contribution, e.g. from their own background. This is a social activity that provides parents with the opportunity to interact with practitioners and parents to build self-confidence. Effective Communication with Parent can be achieved through positive relationships. Ensuring time is allocated to communicate with parent when appropriate. Positive body language is demonstrated, show individual attention to parent and child, give detail and accurate information about a child interest and achievements and ensuring private and confidential matters are dealt with professionally. Multi-agency Working A number of professionals, working together with different knowledge and expertise sharing information, and provide a plan to support and benefit the child individual needs. Time, Communication and Professional background are barriers that can impact multi-agency working. It is best to plan meeting in advance that all involved are aware of the dates and can stick to them. Organizing a convenient time for all Professionals to meet can be very challenging. It is important to take time to listen to others when communicating. There are diverse languages and jargons that link to different Professional background which other professional who take care of children may not be familiar with. There are particular role and training for all professionals involved in the care of children and everyone may have different views and opinions of what is best for the child. It is vital for practitioners to take into account the professional perspective of other, and not always relying on what is familiar. The care and support for the child should take precedence by multi-agency. Confidentiality It is a legal requirement under The Data Protection Act 1998 to ensure all confidential documents and data must be stored in a secured place. These documents can also be kept in a secured location outside the setting. It is the Providers responsibility to ensure only professional and those who have the right to access secured confidential documents and information about children and staff should view them. It is important that Providers kept documents and get and share report (with parents and carers, and all relevant authority working with children such as, Ofsted, the police and social services as appropriate) for example, to identify if a child has additional need, if there are cause for concern regards to safeguarding or if emergency treatment has to be given to a child. This also ensures that the managing of the setting operates safely and efficiently, and making sure they are meeting the needs of all the children. Providers to ensure they have frequent dialogue flowing both way s with parents/carers and make available their child’s development records and file only. On request, providers should incorporate parents’ and or carers’ comments into children’s record. It is vital for Providers to make sure all staff comprehend the importance of protecting the privacy of the children they are caring for, and to upheld the legal requirements that states how to handle information that apply a child in ways that guarantee confidentiality. Ofsted must have Records readily available to them to access when requested. Data Protection Act (1998). Reference List Bandura, A. (1977) Social Learning Theory, Englewood Cliffs, NJ: Prentice Hall. Bronfenbrenner, U. (1917-2005). Data Protection Act (1998). Erikson, E. (1959).Theory of Psychology Development.

Acceptance of MNC Mutual Fund by IFAS

Acceptance of MNC Mutual Fund by IFAS Introduction Mutual fund is a trust that pools the savings of a number of investors who share a common financial goal. This pool of money is invested in accordance with a stated objective. The joint ownership of the fund is thus â€Å"Mutual†, i.e. the fund belongs to all investors. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciations realized are shared by its unit holders in proportion the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost. A Mutual Fund is an investment tool that allows small investors access to a well-diversified portfolio of equities, bonds and other securities. Each shareholder participates in the gain or loss of the fund. Units are issued and can be redee med as needed. The funds Net Asset value (NAV) is determined each day. Investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is reduced. Diversification reduces the risk because all stocks may not move in the same direction in the same proportion at the same time. Mutual fund issues units to the investors in accordance with quantum of money invested by them. Investors of mutual funds are known as unit- holders. ORGANISATION OF MUTUAL FUND Mutual funds have a unique structure not shared with other entities such as companies of firms. It is important for employees agents to be aware of the special nature of this structure, because it determines the rights responsibilities of the funds constituents viz., sponsors, trustees, custodians, transfer agents of course, the fund the Asset Management Company(AMC) the legal structure also drives the inter-relationships between these constituents. The structure of the mutual fund India is governed by the SEBI (Mutual Funds) regulations, 1996. These regulations make it mandatory for mutual funds to have a structure of sponsor, trustee, AMC, custodian. The sponsor is the promoter of the mutual fund, appoints the trustees. The trustees are responsible to the investors in the mutual fund, appoint the AMC for managing the investment portfolio. The AMC is the business face of the mutual fund, as it manages all affairs of the mutual fund. The mutual fund the AMC have to be register ed with SEBI. Custodian, who is also registered with SEBI, holds the securities of various schemes of the fund in its custody. SEBI SEBI regulates mutual funds, depositories, custodians and registrars transfer agents in the country. The applicable guidelines for mutual funds are set out in SEBI (Mutual Funds) Regulations, 1996, as amended till date. An updated and comprehensive list of circulars issued by SEBI can be found in the Mutual Funds section of SEBIs website. Some segments of the financial markets have their own independent regulatory bodies. Wherever applicable, mutual funds need to comply with these other regulators also. For instance, RBI regulates the money market and foreign exchange market in the country. Therefore, mutual funds need to comply with RBIs regulations regarding investment in the money market, investments outside the country, investments from people other than Indians resident in India, remittances (inward and outward) of foreign currency etc. Stock Exchanges are regulated by SEBI. Every stock exchange has its own listing, trading and margining rules. Mutual Funds need to comply with the rules of the exchanges with which they choose to have a business relationship. Anyone who is aggrieved by a ruling of SEBI, can file an appeal with the Securities Appellate Tribunal. Sponsor: The sponsor is the promoter of the mutual fund. The sponsor establishes the Mutual fund registers the same with SEBI. He appoints the trustees, Custodians the AMC with prior approval of SEBI, in accordance with SEBI regulations. He must have at least five year track record of business interest in the financial markets. Sponsor must have been profit making in at least three of the above five years. He must contribute at least 40% of the capital of the AMC. Trustees: The Mutual Fund may be managed by a Board of trustees of individuals, or a trust company a corporate body. Most of the funds in India are managed by board of trustees. While the board of trustees is governed by the provisions of the Indian trust act, where the trustee is the corporate body, it would also be required to comply with the provisions of the companies act, 1956. The board of trustee company, as an independent body, act as protector of the unit holders interest. The trustees dont directly manage the portfolio of securities. For this specialist function, they appoint an AMC. They ensure that the fund is managed by AMC as per the defined objectives in accordance with the trust deed SEBI regulations. The trust is created through a document called the trust deed i.e., executed by the fund sponsor in favor of the trustees. The trust deed is required to be stamped as registered under the provision of the Indian registration act registered with SEBI. The trustees begin the pri mary guardians of the unit holders funds assets; a trustee has to be a person of high repute integrity. Custodian: Often an independent organization, it takes custody all securities other assets of mutual fund. Its responsibilities include receipt delivery of securities collecting income-distributing dividends, safekeeping of the unit segregating assets settlements between schemes. Mutual fund is managed either trust company board of trustees. Board of trustees trust are governed by provisions of Indian trust act. If trustee is a company, it is also subject Indian Company Act. Trustees appoint AMC in consultation with the sponsors according to SEBI regulation. All mutual fund schemes floated by AMC have to be approved by trustees. Trustees review ensure that net worth of the company is according to stipulated norms, every quarter. Though the trust is the mutual fund, the AMC is its operational face. The AMC is the first functionary to be appointed, is involved in appointment of all other functionaries. The AMC structures the mutual fund products, markets them mobilizes fund, manages the funds services to the investors. Other Service Providers RTA The RTA maintains investor records. Their offices in various centres serve as Investor Service Centres (ISCs), which perform a useful role in handling the documentation of investors. The appointment of RTA is done by the AMC. It is not compulsory to appoint a RTA. The AMC can choose to handle this activity in house. All RTAs need to register with SEBI. Auditors Auditors are responsible for the audit of accounts. Accounts of the schemes need to be maintained independent of the accounts of the AMC. The auditor appointed to audit the scheme accounts needs to be different from the auditor of the AMC. While the scheme auditor is appointed by the Trustees, the AMC auditor is appointed by the AMC. Fund Accountants The fund accountant performs the role of calculating the NAV, by collecting information about the assets and liabilities of each scheme. The AMC can either handle this activity in-house, or engage a service provider. Collecting Bankers The investors moneys go into the bank account of the scheme they have invested in. These bank accounts are maintained with collection bankers who are appointed by the AMC. Leading collection bankers make it convenient to invest in the schemes by accepting applications of investors in most of their branches. Payment instruments against applications handed over to branches of the AMC or the RTA need to be banked with the collecting bankers, so that the moneys are available for investment by the scheme. Through this kind of a mix of constituents and specialized service providers, most mutual funds maintain high standards of service and safety for investors. Distributors Distributors have a key role in selling suitable types of units to their clients i.e. the investors in the schemes. Distributors need to pass the prescribed certification test, and register with AMFI. Asset Management Company (AMC) Day to day operations of asset management are handled by the AMC. It therefore arranges for the requisite offices and infrastructure, engages employees, provides for the requisite software, handles advertising and sales promotion, and interacts with regulators and various service providers. The AMC has to take all reasonable steps and exercise due diligence to ensure that the investment of funds pertaining to any scheme is not contrary to the provisions of the SEBI regulations and the trust deed. Further, it has to exercise due diligence and care in all its investment decisions. As per SEBI regulations: The directors of the asset management company need to be persons having adequate professional experience in finance and financial services related field. The directors as well as key personnel of the AMC should not have been found guilty of moral turpitude or convicted of any economic offence or violation of any securities laws. Key personnel of the AMC should not have worked for any asset management company or mutual fund or any intermediary during the period when its registration was suspended or cancelled at any time by SEBI. Prior approval of the trustees is required, before a person is appointed as director on the board of the AMC. Further, at least 50% of the directors should be independentdirectors i.e. not associate of or associated with the sponsor or anyof its subsidiaries or the trustees. The AMC needs to have a minimum net worth of Rs10 crores. An AMC cannot invest in its own schemes, unless the intention to invest is disclosed in the Offer Document. Further, the AMC cannot charge any fees for the investment. The appointment of an AMC can be terminated by a majority of the trustees, or by 75% of the Unit-holders. However, any change in the AMC is subject to prior approval of SEBI and the Unit-holders. Asset Management Companies In India INDIAN AMCs Axis Asset Management Company Ltd. Baroda Pioneer Asset Management Company Limited Birla Sun Life Asset Management Co. Ltd. Canara Robeco Asset Management Co. Ltd. DSP BlackRock Investment Managers Ltd. Edelweiss Asset Management Limited Escorts Asset Management Ltd. HDFC Asset Management Co. Ltd. ICICI Prudential Asset Management Co. Ltd. IDBI Asset Management Ltd. IDFC Asset Management Company Private Limited J.M. Financial Asset Management Private Ltd. LIC Nomura Asset Management Co. Ltd. LT Investment Management Limited Kotak Mahindra Asset Management Co. Ltd. Motilal Oswal Asset Management Co. Ltd. Peerless Funds Management Co. Ltd. Quantum Asset Management Co. Private Ltd. Reliance Capital Asset Management Ltd. Religare Asset Management Company Private Limited Sahara Asset Management Co. Private Ltd. SBI Funds Management Private Ltd. Sundaram Asset Management Company Limited Tata Asset Management Ltd. Taurus Asset Management Co. Ltd. UTI Asset Management Company Ltd. MNC AMCs AIG Global Asset Management Company (India) Private Ltd. Bharti AXA Investment Managers Private Limited BNP Paribas Asset Management India Private Limited Daiwa Asset Management (India) Private Limited Deutsche Asset Management (India) Private Ltd. FIL Fund Management Private Ltd. Fortis Investment Management (India) Pvt. Ltd. Franklin Templeton Asset Management (India) Private Ltd. Goldman Sachs Asset Management (India) Private Limited HSBC Asset Management (India) Private Ltd. ING Investment Management (India) Private Ltd. JP Morgan Asset Management (India) Private Ltd. Mirae Asset Global Investments (India) Private Ltd. Morgan Stanley Investment Management Private Ltd. Principal PNB Asset Management Co. Private Ltd. Pramerica Asset Managers Private Limited Mutual Fund Industry in India The Evolution The formation of Unit Trust of India marked the evolution of the Indian mutual fund industry in the year 1963. The primary objective at that time was to attract the small investors and it was made possible through the collective efforts of the Government of India and the Reserve Bank of India. The history of mutual fund industry in India can be better understood divided into following phases: Phase 1. Establishment and Growth of Unit Trust of India 1964-87 Unit Trust of India enjoyed complete monopoly when it was established in the year 1963 by an act of Parliament. UTI was set up by the Reserve Bank of India and it continued to operate under the regulatory control of the RBI until the two were de-linked in 1978 and the entire control was transferred in the hands of Industrial Development Bank of India (IDBI). UTI launched its first scheme in 1964, named as Unit Scheme 1964 (US-64), which attracted the largest number of investors in any single investment scheme over the years. UTI launched more innovative schemes in 1970s and 80s to suit the needs of different investors. It launched ULIP in 1971 and six more schemes during 1981-84, Childrens Gift Growth Fund and India Fund (Indias first offshore fund) in 1986, Mastershare (Indias first equity diversified scheme) in 1987 and Monthly Income Schemes (offering assured returns) during 1990s. By the end of 1987, UTIs assets under management grew ten times to Rs 6700 crores. Phase II. Entry of Public Sector Funds 1987-1993 The Indian mutual fund industry witnessed a number of public sector players entering the market in the year 1987. In November 1987, SBI Mutual Fund from the State Bank of India became the first non-UTI mutual fund in India. SBI Mutual Fund was later followed by Canbank Mutual Fund, LIC Mutual Fund, Indian Bank Mutual Fund, Bank of India Mutual Fund, GIC Mutual Fund and PNB Mutual Fund. By 1993, the assets under management of the industry increased seven times to Rs. 47,004 crores. However, UTI remained to be the leader with about 80% market share. Phase III. Emergence of Private Sector Funds 1993-96 The permission given to private sector funds including foreign fund management companies (most of them entering through joint ventures with Indian promoters) to enter the mutual fund industry in 1993, provided a wide range of choice to investors and more competition in the industry. Private funds introduced innovative products, investment techniques and investor-servicing technology. By 1994-95, about 11 private sector funds had launched their schemes. Phase IV. Growth and SEBI Regulation 1996-2004 The mutual fund industry witnessed robust growth and stricter regulation from the SEBI after the year 1996. The mobilisation of funds and the number of players operating in the industry reached new heights as investors started showing more interest in mutual funds. Investors interests were safeguarded by SEBI and the Government offered tax benefits to the investors in order to encourage them. SEBI (Mutual Funds) Regulations, 1996 was introduced by SEBI that set uniform standards for all mutual funds in India. The Union Budget in 1999 exempted all dividend incomes in the hands of investors from income tax. Various Investor Awareness Programmes were launched during this phase, both by SEBI and AMFI, with an objective to educate investors and make them informed about the mutual fund industry. In February 2003, the UTI Act was repealed and UTI was stripped of its Special legal status as a trust formed by an Act of Parliament. The primary objective behind this was to bring all mutual fund players on the same level. UTI was re-organised into two parts: The Specified Undertaking, The UTI Mutual Fund Presently Unit Trust of India operates under the name of UTI Mutual Fund and its past schemes (like US-64, Assured Return Schemes) are being gradually wound up. However, UTI Mutual Fund is still the largest player in the industry. Phase V. Growth and Consolidation 2004 Onwards The industry has also witnessed several mergers and acquisitions recently, examples of which are acquisition of schemes of Alliance Mutual Fund by Birla Sun Life, Sun FC Mutual Fund and PNB Mutual Fund by Principal Mutual Fund. Simultaneously, more international mutual fund players have entered India like Fidelity, Franklin Templeton Mutual Fund etc. There were 29 funds as at the end of March 2006. This is a continuing phase of growth of the industry through consolidation and entry of new international and private sector players. Key Developments over the Years The mutual fund industry in India has come a long way. Significant spurts in size were noticed in the late 80s, when public sector mutual funds were first permitted, and then in the mid-90s, when private sector mutual funds commenced operations. In the last few years, institutional distributors increased their focus on mutual funds. The emergence of stock exchange brokers as an additional channel of distribution, the continuing growth in convenience arising out of technological developments and higher financial literacy in the market should drive the growth of mutual funds in future.AUM of the industry, as of February 2010 has touched Rs 766,869 crores from 832 schemes offered by 38 mutual funds. In some advanced countries, mutual fund AUM is a multiple of bank deposits. In India, mutual fund AUM is hardly 10% of bank deposits. This is indicative of the immense potential for growth of the industry. The high proportion of AUM in debt, largely from institutional investors is not in line with the role of mutual funds, which is to channelize retail money into transforming mutual funds into a truly retail vehicle of capital mobilization for the larger benefit of the economy the capital market. Various regulatory measures to reduce the costs and increase the conveniences for investors are aimed at. ADVANTAGES OF MUTUAL FUND Professional Management Mutual funds offer investors the opportunity to earn an income or build their wealth through professional management of their investible funds. There are several aspects to such professional management viz. investing in line with the investment objective, investing based on adequate research, and ensuring that prudent investment processes are followed.   Affordable Portfolio Diversification Units of a scheme give investors exposure to a range of securities held in the investment portfolio of the scheme. Thus, even a small investment of Rs 5,000 in a mutual fund scheme can give investors a diversified investment portfolio. With diversification, an investor ensures that all the eggs are not in the same basket. Consequently, the investor is less likely to lose money on all the investments at the same time. Thus, diversification helps reduce the risk in investment. In order to achieve the same diversification as a mutual fund scheme, investors will need to set apart several lakhs of rupees. Instead, they can achieve the diversification through an investment of a few thousand rupees in a mutual fund scheme.   Economies of Scale The pooling of large sums of money from so many investors makes it possible for the mutual fund to engage professional managers to manage the investment. Individual investors with small amounts to invest cannot, by themselves, afford to engage such professional management. Large investment corpus leads to various other economies of scale. For instance, costs related to investment research and office space get spread across investors. Further, the higher transaction volume makes it possible to negotiate better terms with brokers, bankers and other service providers.   Liquidity At times, investors in financial markets are stuck with a security for which they cant find a buyer worse; at times they cant find the company they invested in! Such investments, whose value the investor cannot easily realise in the market, are technically called illiquid investments and may result in losses for the investor. Investors in a mutual fund scheme can recover the value of the moneys invested, from the mutual fund itself. Depending on the structure of the mutual fund scheme, this would be possible, either at any time, or during specific intervals, or only on closure of the scheme. Schemes where the money can be recovered from the mutual fund only on closure of the scheme, are listed in a stock exchange. In such schemes, the investor can sell the units in the stock exchange to recover the prevailing value of the investment.   Tax benefits Specific schemes of mutual funds (Equity Linked Savings Schemes) give investors the benefit of deduction of the amountinvested, from their income that is liable to tax. This reduces theirtaxable income, and therefore the tax liability. Further, the dividend that the investor receives from the scheme is tax-free in his hands.   Investment Comfort Once an investment is made with a mutual fund, they make it convenient for the investor to make further purchases with very little documentation. This simplifies subsequent investment activity.   Convenient Options The options offered under a scheme allow investors to structure their investments in line with their liquidity preference and tax position.   Regulatory Comfort The regulator, Securities Exchange Board of India (SEBI) has mandated strict checks and balances in the structure of mutual funds and their activities. These are detailed in the subsequent units. Mutual fund investors benefit from such protection. LIMITATIONS OF MUTUAL FUND   Lack of portfolio customization Some securities houses offer Portfolio Management Schemes to large investors. In a PMS, the investor has better control over what securities are bought and sold on his behalf. On the other hand, a unit-holder is just one of several thousand investors in a scheme. Once a unit-holder has bought into the scheme, investment management is left to the fund manager (within the broad parameters of the investment objective). Thus, the unit-holder cannot influence what securities or investments the scheme would buy. Large sections of investors lack the time or the knowledge to be able to make portfolio choices. Therefore, lack of portfolio customization is not a serious limitation in most cases.   Choice overload Over 800 mutual fund schemes offered by 38 mutual funds and multiple options within those schemes make it difficult for investors to choose between them. Greater dissemination of industry information through various media and availability of professional advisors in the market should help investors handle this overload.   No control over costs All the investors moneys are pooled together in a scheme. Costs incurred for managing the scheme are shared by all the Unit holders in proportion to their holding of Units in the scheme. Therefore, an individual investor has no control over the costs in a scheme. SEBI has however imposed certain limits on the expenses that can be charged to any scheme. These limits vary with the size of assets and the nature of the scheme.   No guarantees No investment is risk free. If the entire stock market declines in value, the value of mutual fund shares will go down as well, no matter how balanced the portfolio. Investors encounter fewer risks when they invest in mutual funds than when they buy and sell stocks on their own. However, anyone who invests through a mutual fund runs the risk of losing money.   Management risk When you invest in a mutual fund, you depend on the funds manager to make the right decisions regarding the funds portfolio. If the manager does not perform as well as we had hoped, we might not make as much money on our investment as we expected. However, if we invest in Index Funds, we forego management risk, because these funds do not employ fund managers. TYPES OF MUTUAL FUND Equity Funds are considered to be the more risky funds as compared to other fund types, but they also provide higher returns than other funds. It is advisable that an investor looking to invest in an equity fund should invest for long term i.e. for 3 years or more. There are different types of equity funds each falling into different risk bracket. In the order of decreasing risk level, there are following types of equity funds: Aggressive Growth Funds In Aggressive Growth Funds, fund managers aspire for maximum capital appreciation and invest in less researched shares of speculative nature. Because of these speculative investments Aggressive Growth Funds become more volatile and thus, are prone to higher risk than other equity funds. Growth Funds Growth Funds also invest for capital appreciation (with time horizon of 3 to 5 years) but they are different from Aggressive Growth Funds in the sense that they invest in companies that are expected to outperform the market in the future. Without entirely adopting speculative strategies, Growth Funds invest in those companies that are expected to post above average earnings in the future. Speciality Funds Speciality Funds have stated criteria for investments and their portfolio comprises of only those companies that meet their criteria. Criteria for some speciality funds could be to invest/not to invest in particular regions/companies. Speciality funds are concentrated and thus, are comparatively riskier than diversified funds. There are following types of speciality funds: i. Sector Funds: Speciality Funds have stated criteria for investments and their portfolio comprises of only those companies that meet their criteria. Criteria for some speciality funds could be to invest/not to invest in particular regions/companies. Speciality funds are concentrated and thus, are comparatively riskier than diversified funds.. There are following types of speciality funds: ii. Foreign Securities Funds: Foreign Securities Equity Funds have the option to invest in one or more foreign companies. Foreign securities funds achieve international diversification and hence they are less risky than sector funds. However, foreign securities funds are exposed to foreign exchange rate risk and country risk. iii. Mid-Cap or Small-Cap Funds: Funds that invest in companies having lower market capitalization than large capitalization companies are called Mid-Cap or Small-Cap Funds. Market capitalization of Mid-Cap companies is less than that of big, blue chip companies (less than Rs. 2500 crores but more than Rs. 500 crores) and Small-Cap companies have market capitalization of less than Rs. 500 crores. Market Capitalization of a company can be calculated by multiplying the market price of the companys share by the total number of its outstanding shares in the market. The shares of Mid-Cap or Small-Cap Companies are not as liquid as of Large-Cap Companies which gives rise to volatility in share prices of these companies and consequently, investment gets risky. iv. Option Income Funds: While not yet available in India, Option Income Funds write options on a large fraction of their portfolio. Proper use of options can help to reduce volatility, which is otherwise considered as a risky instrument. These funds invest in big, high dividend yielding companies, and then sell options against their stock positions, which generate stable income for investors. Diversified Equity Funds Except for a small portion of investment in liquid money market, diversified equity funds invest mainly in equities without any concentration on a particular sector(s). These funds are well diversified and reduce sector-specific or company-specific risk. However, like all other funds diversified equity funds too are exposed to equity market risk. One prominent type of diversified equity fund in India is Equity Linked Savings Schemes (ELSS). As per the mandate, a minimum of 90% of investments by ELSS should be in equities at all times. ELSS investors are eligible to claim deduction from taxable income (up to Rs 1 lakh) at the time of filing the income tax return. ELSS usually has a lock-in period and in case of any redemption by the investor before the expiry of the lock-in period makes him liable to pay income tax on such income(s) for which he may have received any tax exemption(s) in the past. Equity Index Funds Equity Index Funds have the objective to match the performance of a specific stock market index. The portfolio of these funds comprises of the same companies that form the index and is constituted in the same proportion as the index. Equity index funds that follow broad indices (like SP CNX Nifty, Sensex) are less risky than equity index funds that follow narrow sectoral indices (like BSEBANKEX or CNX Bank Index etc). Narrow indices are less diversified and therefore, are more risky. Value Funds Value Funds invest in those companies that have sound fundamentals and whose share prices are currently under-valued. The portfolio of these funds comprises of shares that are trading at a low Price to Earning Ratio (Market Price per Share / Earning per Share) and a low Market to Book Value (Fundamental Value) Ratio. Value Funds may select companies from diversified sectors and are exposed to lower risk level as compared to growth funds or speciality funds. Value stocks are generally from cyclical industries (such as cement, steel, sugar etc.) which make them volatile in the short-term. Therefore, it is advisable to invest in Value funds with a long-term time horizon as risk in the long term, to a large extent, is reduced. Equity Income or Dividend Yield Funds The objective of Equity Income or Dividend Yield Equity Funds is to generate high recurring income and steady capital appreciation for investors by investing in those companies which issue high dividends (such as Power or Utility companies whose share prices fluctuate comparatively lesser than other companies share prices). Equity Income or Dividend Yield Equity Funds are generally exposed to the lowest risk level as compared to other equity funds. Money Market / Liquid Funds invest in short-term (maturing within one year) interest bearing debt instruments. These securities are highly liquid and provide safety of investment, thus making money market / liquid funds the safest investment option when compared with other mutual fund types. However, even money market

Kant and Moral Values Essay -- Philosophy Essays Papers

Kant says that moral values are ‘good without qualification.’ This assertion and similar remarks of Plato can be understood in terms of a return to moral data themselves in the following ways: 1. Moral values are objectively good and not relative to our judgments; 2. Moral goodness is intrinsic goodness grounded in the nature of acts and independent of our subjective satisfaction; 3. Moral goodness expresses in an essentially new and higher sense of the idea of value as such; 4. Moral Goodness cannot be abused like intellectual, aesthetic, temperamental and other values; 5. Moral values are good in that they never must be sacrificed for any other value, because they are incomparably higher and should absolutely and ‘first’ be sought for; 6. Moral goodness makes the person as such good; 7. All three different modes of participation in moral values are linked to the absolute, most ‘necessary’ and highest good for the person; 8. Moral Values are go ods "in the unrestricted sense" by being pure perfections in the sense that "neither in this world nor outside it" can we find anything that could be called good unqualifiedly except moral goodness which is absolutely better to possess than not to possess. 9. Moral Values are unconditionally good because they are never just ‘means’ towards ends. 10. Moral values imply a new type of ought which elucidates the ‘absolute sense’ in which they are good. Conclusion: These distinctions allow a better grasp of Kant and Plato as well as of a central ethical truth decisive for the moral education of humankind. Kant calls moral values the only values that are ‘good without qualification,’ and thereby states something very profound about morality. Let us read his great text in which he expresses ma... ...1961. S. 58-84. (8) See John Finnis, Fundamentals of Ethics (Oxford: Clarendon Press, 1983); see also the same author, Natural Law and Natural Rights (Oxford: Clarendon Press, 1980). (9) See on this Anselm von Canterbury. Monologion, ch. 15. See also Josef Seifert, Essere e persona. Verso una fondazione fenomenologica di una metafisica classica e personalistica. (Milano: Vita e Pensiero, 1989), ch. 5. (10) Also in Anselm the deepest meaning of ‘maius’ is a moral one. Compare my Gott als Gottesbeweis (Heidelberg: Università ¤tsverlag C. Winter, 1996), ch. 11. (11) See on this Ethics, 2nd edn (Chicago: Franciscan Herald Press, 1978), ch. 17-18; Josef Seifert, Josef Seifert, Essere e persona, cit., ch. 9. (12) On a sevenfold motivation of moral acts see Josef Seifert, Was ist und was motiviert eine sittliche Handlung? (Salzburg: Univ.Verlag A. Pustet, 1976).

A Career as a Pharmacist Essay -- Career Research

The flow of the medical community is dependent on every person employed there. The harmony it creates does not only come from the doctors or nurses, but the janitors, surgeons, receptionists, and even the pharmacists. Each job is necessary in order for the hospitals to function properly; for instance, the doctors diagnose the patient with their illness, prescribe them medication to cure it, and send them to the pharmacist, who then gives them their medication and sends them home. However, some jobs are overlooked more than others and do not receive the proper credit, like the pharmacist. Pharmacists are recognized for dispensing and sorting drugs, but their jobs help educate patients over their prescription and uphold the balance in the medical community. When young adults are challenged to pick a career, particularly in the medical field, most do not think of becoming a pharmacist. This low key career started with apothecaries, people who used botany and chemistry to help cure people. Unfortunately, their practice helped cure little to no patients, but as technology advanced, they abandoned their botany based methods and began to work with physicians. Thus, the pharmacist was created and continues to help heal the sick today. A pharmacist is â€Å"an expert in the use of medicines and drugs† (McAlpine 52) and uses their knowledge to create medications according to the doctors’ instructions. However, the job description of a pharmacist is increasing and it is not uncommon to find a patient directly talking to a pharmacist about their prescription. Pharmacists now inform patients on the proper usage of the medication and its side effects (52). Patients can bypass their physician, if they have any questions or concerns ab ou... .... Works Cited Bureau of Labor Statistics, U.S. Department of Labor. â€Å"Pharmacist.† Occupational Outlook Handbook, 2010-11 Edition. 17 Dec. 2009. 21 Nov. 2011. . Carpenter, Rachel. â€Å"Pros and Cons of Being A Pharmacist.† Associated Content by Yahoo. 01 Oct. 2010. 22 Nov. 2011. . Gable, Fred. Opportunities in Pharmacy Careers. New York: The McGraw-Hill Companies, 2004. (33-41, 63-65). Hart, Alison. â€Å"Top Skills You Need To Be A Pharmacist.† USA Today. 19 Nov. 2002. 21 Nov. 2011. . McAlpine, Margaret. Working in Health Care. Milwaukee: Garth Stevens Publishing, 2005. (52-55). Yuping Yen. Personal Interview. 28 Nov. 2011.

What Is A Hero? Essay -- essays research papers

When one thinks of heroes, names such as Ghandi, Martin Luther King, and Mother Theresa often come to mind. These individuals have all helped society tremendously through their determination and unselfish deeds. However, we may not notice some of society’s other heroes. One such heroic person that comes to my mind is Arnold Schwarzenegger. Many people perceive Arnold as only a blockbuster movie star and not as the hero he truly is. People see the glittery and glamorous fascade of the actor but not the truly heroic acts of the humanitarian. Through his charity work, Arnold has truly touched the lives of those who are less fortunate.   Ã‚  Ã‚  Ã‚  Ã‚  There is a growing concern in the United Sta  Ã‚  Ã‚  Ã‚  Ã‚  tes, where health problems are increasing at an alarming rate. The diets of many men, women and children are unhealthy, and lead to high blood pressure strokes, diabetes, osteoporosis, hypertension, and mental health problems. The poor state of America’s health is a serious concern for Arnold, and he is constantly striving for ways to improve it. Arnold is an advocate of health and fitness as displayed by his own lifestyle. He uses his celebrity status to showcase himself as a living example of health, which encourages a healthy lifestyle in the general population. The fact that â€Å"a quarter of a million deaths each year can be attributed to physical inactivity† (Modern Maturity) is utterly shocking. I firmly believe that Arnold’s relentless motivation to educate and teach people the benefits of a healthy lifestyle can reduce these horrific numbers dramatically. Arnold was the chairman of the President’s Council on Physical Fitness and is the author of many books that promote health and fitness. Arnold began a fifty-state tour to encourage health and fitness by going to schools, meeting with governors, legislators and various community leaders. This tour took a tremendous amount of his own time and money. Nevertheless, he undertook this task to improve the health of people he did not even know. Arnold’s three goals for his tour were to â€Å"improve fitness of American children by returning a regimen of daily physical activity to the school, to increase parental involvement in their children’s fitness, and to promote community based fitness programs.† (Schwarzenegger) His extraordinary effort shows his genuine concern for the greate... ... a program of sports training and athletic competition for over one million kids and adults with physical and mental disadvantages. Arnold played a key role in developing the weightlifting program for the Special Olympics; he has worked with countless special Olympians and inspired them to participate to the best of their abilities. He said, â€Å"when you train with Special Olympics athletes, you go in thinking that you are there to inspire them. But the fact is, you feel inspired by what they can do with all those obstacles.† (Schwarzenegger ) If a hero is defined by his or her selfless contributions to society, and through their positive influences on other people, then Arnold Schwarzenneger is truly an unsung hero. Through Arnold, the general population of America is more informed on health issues, inner city kids have been given a chance to succeed, and the mentally or physically handicapped are truly made to feel good about themselves. A real hero doesn’t care if they are noticed for their work, as the knowledge that they have helped somebody is reward enough. Arnold has unselfishly given his money, but more importantly, his time and dedication to improve the lives of others.

Imperialism in Heart of Darkness

Before being published in the present form of the novel, Heart of Darkness was printed in a serial form in 1899 and then part of a volume entitled Youth: A Narrative and Two Other Stories in 1902. Based on Conrad’s own personal experiences after the African country of the Congo and the famous Congo River flowing through this country the story assumed the present novel. It was in this year 1890 that Conrad had performed his sailing trip upon the river Congo as a captain or skipper of a Belgian steamship.During his trips, Conrad studied at first hand the conditions which prevailed in the Congo and formed his own impressions of the kind of life which the savages were leading under the imperialist Belgian rule. Conrad also observed the attitude of white traders and their manner of treating the native savages. His reaction to the treatment was unpleasant and, in fact, he was greatly dismayed and even shocked at what he observed. We find in his novel, Heart of Darkness, more or less a record of all this which experienced during his own travels through the Congo and the Dark Continent.The title of the novel Heart of darkness signifies simply the interior of the dark country known as the Congo. The theme of Heart of Darkness is the conditions prevailing in the Congo under the imperialist rule of the Belgian King, Leopold II. These conditions include the impact of white traders and explorers on the life of the African savages, and the influence of the native way of life on the white man, with special reference to one man who is given the name of Kurtz. In fact, Conrad’s novel Heart of Darkness has several themes, one of which is the theme of imperialist exploration of a backward country.In this essay I’ll show imperialism intervened with his life and Conrad as a victim of imperialism; the experiences of Conrad in the dark country of the Congo where the white man had become unsuccessful in performing civilizing function. I will end my essay discussin g the white man’s callous treatment towards the native savages and demonstration of their hypocrisy in the novel. Joseph Conrad (Jozef Teodor Konrad Korzeniowski) worked as sailor on French and British ships before becoming a ‘naturalized British subject’ in 1886. He developed an elaborate and beautiful English prose style.His work was adventurous and ‘darkly pessimistic’. â€Å"One of the most noted practioners of literary impressionism, Conrad offered a fictional rendering of subjective response that had a profound impact on writers like Ford Madox Ford and Virginia Woolf. He wrote that the primary task of the novelist was â€Å"to make you see. †Ã¢â‚¬  Conrad was born in the city of Berdychiv in Russian-controlled Ukraine, on December 3, 1857. Conrad was orphaned at the age of eleven. His father was imprisoned by the Russians for his nationalist political activities. At the age of seventeen he went to Marseille to become an apprentice in the merchant marine.He was hired to take a steamship into Africa, and according to Conrad, the experience of firsthand horrors of colonial rule left him a changed man. Heart of Darkness is a fictionalized exploration of his life. Conrad’s novel, Heart of Darkness is largely a record of Conrad’s own experiences in the dark country of the Congo. The character named Marlow, the chief narrator in the novel, is largely none else but Conrad. Marlow, like Conrad, experiences a strong sense of disillusion and disappointment after observing the behavior of the white traders and also the conditions of the natives.There is a lot of resemblance between Conrad’s Congo Diary and the contents of the novel Heart of Darkness to justify such an assumption. It might be said that Marlow’s view of philosophy of life is very much the same as that of Conrad himself. Conrad in the novel talks about the unproductive efforts of the white-men to civilize the savages. The white-men instead became exploiters. At the time the Congo was being governed by the Belgian King, Leopold II, the Belgian trading companies were sending their agents into Congo for trading purposes.The chief commodity these Belgians found worthy was ivory and to the native savages ivory was of no use. The white traders collected ivory and sent it to Europe where it could be used profitably. We can see, throughout the novel, the mention of ivory is constant and dominates the thoughts of almost all the white characters, like the manager of the Central Station, the Brick Maker, and many others. They loiter around the country in search of ivory and Marlow describes these agents as â€Å"faithless pilgrims†. ‘Subsequently we find that ivory not only dominates the thoughts of Mr.Kurtz but has become an obsession with him. ’ Marlow is told by the manager of the Central station that Kurtz collects more ivory than all the other agents put together. Thus, ivory becomes the symbol o f greed in the novel, symbolizing the white men’s greed and commercial mentality. We have the failure of Mr. Kurtz to civilize and uplift the savages of the Congo. Even Mr. Kurtz who has begun to identify himself with the savages, has done nothing for the uplift of the natives. Instead of improving their mode of life, he has himself become a savage in their company.He has begun to satisfy his various lusts without any limits. Even in his prime of life, when he had supported the view about white man’s civilizing role, he had written down the following words conveying an opposite message â€Å"Exterminate all the brutes. † Instead of a civilizing effect in the novel, we find the white man’s callous treatment towards the savages. The sight seen by Marlow after getting down from the streamer is very disheartening and freighting. This reflects the wretchedness and the misery of the natives of the Congo. Marlow sees a lot of black people mostly naked, moving ab out like ants.Later he sees half a dozen men chained to one another, and each wearing an iron collar in his neck. Marlow feels deeply upset to see the sight. Alongside, there are quite a few other scenes which clearly demonstrate the hypocrisy of the white men. They are simply wasting time and effort to show that some kind of constructive work is going, while in actuality there is none. There is a project to construct a railway line in this region; but Marlow sees that a rock is being blasted with gunpowder even though this rock doesn’t stand as an obstruction. Then he also comes across some pieces of decaying machinery, and a large heap of rusty rails.The whole effort of the white man is completely misdirected. The futility of the white man’s efforts becomes clearer when we come across certain employees of the trading company. Marlow’s description of the brick maker is satirical. He describes him as a â€Å"paper-mache Mephistopheles† because of this man ’s cunning. In the end we may say that Conrad has exposed the Belgian imperialism in Heart of Darkness. There are wider implications of the Belgian imperialism as depicted by Conrad in his novel. It conveys to us the deceit, fraud, slave-trading and other cruelties of the Belgian rule.But Conrad here is not only exposing the hollowness and the weakness of the Belgian imperialist rule over the Congo, but also indirectly remind us of the British imperialist rule over the countries of the world of his time. Heart of Darkness is an autobiographical novel, in the sense that the book contains indirectly Conrad’s own experiences in the dark country known as the Congo, and is a firsthand account of his own voyage upon the river also named as the Congo. But the novel is not a straight biography as Conrad doesn’t speak in his own person but through the character of Marlow and also through another narrator.

Othello †English Exam Essay

Othello is a tragedy written by Shakespeare in 1602. The main character, Othello is a popular general in the town of Venice. He falls for the young Desdemona and all goes well for a while, until Othello promotes Cassio instead of Iago. This causes Iago to become jealous and he plots a malicious plan to make Othello unhappy. He manipulates different people into getting them to do what they want; Emilia who is Iago’s wife steals a handkerchief for him. The handkerchief plays an important part in the play as Othello gave it to Desdemona as a token of his love. Desdemona treasures the handkerchief but mistakenly leaves it behind one day; this is when Emilia steals it. Once Iago has the handkerchief his entire plan falls into place. He puts the idea that Desdemona is having an affair with Cassio in Othello’s head, and then places the handkerchief on Cassio. At first Othello is so in love with Desdemona that he thinks nothing of it, but once he sees that Cassio had the token of love he gave to her, he thinks differently†¦ After being left heartbroken, he confronts Desdemona and eventually suffocates her to death. The innocent Emilia comes in to find her mistress murdered, she then reveals the truth that Iago was behind all the lies which is when Iago comes in and kills her. Othello then kills himself out of guilt. A soliloquy is like a monologue as it is a paragraph spoken on stage alone; however it is just a short speech. A Soliloquy is about what a character is doing or thinking or it could just be about what is happening in the play at that time. In ‘Othello’ Iago is the character that says most of the soliloquies, he talks about his plans to undermine Othello and how he can predict everyone’s reactions. Directly before Iago’s first soliloquy, Roderigo and Iago talk about going to war in Cyprus and Iago manipulates Roderigo into doing what he wants by persuading him that Desdemona will tire of Othello eventually and she will then fall in love with Roderigo. He does this because he knows that Roderigo is in love with Desdemona; however he knows that Othello and Desdemona are happily in love and would never tire of each other. In Act 1, Scene 3, Iago’s first soliloquy is about what he plans to do, he explains that by telling Othello lies he will get exactly what he wants. This is for Othello to be unhappy. He also explains that by doing this he will get Cassio’s job therefore he will be killing two birds with one stone. In this soliloquy he mentions a rumor,’ ‘twixt my sheets, /he’s done my office. ‘ by this he means that he thinks Othello has slept with Emilia but he doesn’t know if it’s true or not. This is the only line in the play that suggests a reason behind Iago’s plans and why he hates Othello so much. However by using the word ‘office’ to refer to his wife, Emilia Shakespeare gives the audience the impression he doesn’t care for her much. I also know this as he uses her later in the play to make his plans against Othello work out; he also kills her at the end of the play. Iago then goes onto say, ‘I know not if’t be true/yet I, for mere suspicion in that kind, / will do as if for surety. ‘ Iago is saying, even though he doesn’t know if it’s true or not, he’s going to get back at Othello anyway. Therefore he could just be using this as an excuse for his plans, as this would make the audience see him not as evil but as unhappy and wanting revenge which would make them sympathetic for him. However, as this seems like a cover for his for his evil plan, again it is clear that he doesn’t really care about Emilia. Shakespeare gives Iago the line, ‘He holds me well, the better shall my purpose work upon him. ‘ I think that Shakespeare does this to show that because Iago thinks very highly of himself Othello will too, and never suspect that he is telling him lies, and that he will always trust him. He also uses the word; ‘purpose’ which seems like he is trying to the audience, this is what he has to do, like it is his purpose to bring Othello down. Shakespeare also shows that Iago hates Othello by undermining him, for example Iago says, I hate the Moor. ‘ By using the term, ‘moor’ this is being racist, however a Shakespearean audience would not have seen this as racism as it was not widely recognized in those times. However Iago knew that by saying this it would be an insult to Othello. He then goes on to say, ‘Will be as tenderly led by the nose as asses are†¦ when he says this he is referring to Othello as a dumb animal, this is called Animal Imagery, by doing this a Shakespearean audience would see him as more of an animal and therefore this would lessen their respect for him. Iago is saying that because Othello is so dumb and trustworthy of Iago, he will do exactly what Iago wants him to. He will be easily tricked into thinking that Desdemona is having an affair. The last two lines of the soliloquy are,’ I have’t. It is engendered. Hell and night / must bring this monstrous birth to the world’s light. These two sentences stand out because they are a rhyming couplet unlike the rest of the soliloquy. The rhyming couplet, ‘Night’ and ‘Light’ could make you think of a number of different things, for example opposites, comparing the good characters to the bad characters. It could also be a representation of Othello and Desdemona referring to their skin color, emphasizing how different they are. All these things would make the audience think more deeply into how different some of the characters in the play are, for example Iago and Othello or Desdemona and Emilia. The word ‘engendered’ means created and when Iago says this he is talking about his sneaky plan to bring Othello down. By saying this, the audience will think he has just thought of his plan at this point, however he had actually already come up with his plan. He also says the line, ‘monstrous birth to the world’s night. ‘ first of all by using the word, monstrous it stands out because this is quite an angry word however he says this in a calm manner, however because of the type of word he uses it could lead the audience to think about how each of the characters that Iago is betraying may feel after Iago’s plan has taken place. In Act 3, Scene 3 the most important part of the play takes part, and that is when Iago receives the handkerchief from Emilia who has stolen it from Desdemona. Without this Iago’s plan would not work as Othello seeing the Handkerchief that he gave to Desdemona as a token of their love in Cassio’s hand is what leads him to believe that she has been unfaithful. Iago’s soliloquy from Act 3, Scene 3 is about what he plans to do now he has the handkerchief; he also mentions how important it is and that without it his malicious plan would not work. This particular soliloquy is also written as a poem, I know this because the beginning of each line has a capital letter, ‘ And Let Him find it. ‘ Shakespeare does this because it makes the soliloquy stand out from the rest of the play. This is probably one of the most important and effective soliloquy from the play as it tells you a lot about Iago’s character. Iago’s first line of the soliloquy is, ‘I will in Cassio’s lodging lose this napkin, / and let him find it. In other words Iago is saying he is going to slyly place the handkerchief in Cassio’s room so he will find it yet never know that it was Iago who placed it there. This is a vital part of Iago’s plan because by planting the handkerchief on Cassio, Othello will see that he has it and automatically think that Desdemona gave it to him, if he didn’t do this then Othello would never believe that Desdemona has been having an affair. This wouldn’t have a dramatic effect on the audience as they would already expect Iago to say this from the first soliloquy in Act, 1 Scene 3. Iago then goes onto say, ‘Trifles light as air/ are to the jealous confirmations strong’ which basically means that even though the handkerchief is a small insignificant object that would – normally – make no difference what so ever, if Iago is careful and he uses it at the right time. Everything will fall into place and his plan will work out perfectly. By, ‘ Jealous confirmations strong’ he means that because Othello is slightly jealous to begin with, once he sees the handkerchief in Cassio’s hand and is tricked in to think they’re having an affair, he will be even more jealous. The next line of the soliloquy is, ‘As proofs of holy writ:’ Iago is saying that he is certain that the handkerchief will definitely do something, and he is using religion to back himself up. Shakespeare does this on purpose as a Shakespearean audience would immediately believe Iago, religion was an important thing in those days there for if Iago uses this to back up his plan, and they would also think it is important too. Shakespeare ends the soliloquy with the line, ‘ Burn Like mines of sulfur. I did say so. this is simile, it is used to describe exactly how Othello will react to the constant lies he is being fed without realizing, he will start to believe everything Iago tells him. The way he says, ‘I did say so. ‘ makes him sound like he has a very high opinion of himself, almost like he is describing himself as god-like. I think he is also referring to what he said before, when he says that he hates Othello. Through out ‘Othello’ Shakespeare wrote Iago’s soliloquies about his devious plans to undermine Othello, to do this he used religious imagery which is when you say something about religion to symbolize something else. In Othello religious imagery is used when Iago talks about creating his plan, ‘Hell and night’ by saying hell he could be referring to the devil which makes me think of Iago as he is evil and devious. He also says in Act 3 Scene 3, ‘I did say so’ by saying this it is almost as if he is describing himself as god-like. Shakespeare used religious imagery because it has the potential to change a Shakespearean audience’s mind about the story. It would attract them more than it would a modern audience. All through the play, soliloquies are used to let you know what is going on inside the character’s mind. Iago’s soliloquies help the audience understand Iago’s character; it also helps them realize his motives for everything he does during the play. There are a few different reasons behind Iago’s devious plans. We see this through the two soliloquies from Act 1 Scene 3 and Act 3 scene 1. Shakespeare uses a lot of dramatic irony in his plays through all the soliloquies which are spoken. The strongest piece of dramatic irony used in the play is that the audience know exactly what is happening, for example Desdemona is innocent and that it is Iago who his twisting things and telling lies. Where as Othello has no idea, he thinks that Iago is trustworthy and that Desdemona is guilty of having an affair. Dramatic irony is exciting and it makes the audience feel like part of the story. Throughout the play, Shakespeare uses irony to add humor, suspense and tension. Overall soliloquies have a drastic impact on the play as not only do they explain what characters – mainly Iago – are thinking, but they also create an atmosphere in the audience. Soliloquies make the audience guess what it going to happen next in the play, and because there are so many of them it also gets their attention. Another reason why soliloquies have a good impact on the play is because it makes it more interesting having just one person on stage talking to themselves or the audience instead of having two or more people having a conversation between them selves.