Friday, November 29, 2019

Book Review Freakonomics

Introduction When one hears of a winner of the John Bates Clark Medal, the first thought that comes to mind is that of someone that came up with a new economics theory or a formulae that has helps economists solve a problem that has been in great economist minds long enough to make him deserve the medal.Advertising We will write a custom report sample on Book Review: Freakonomics specifically for you for only $16.05 $11/page Learn More Contrary to this, and unexpected of such a decorated economist, Steven Levitt represents a new form of economist. Though armed with economics honors in form of an undergraduate degree from Harvard and a Doctorate of Philosophy from the Massachusetts Institute of Technology, Levitt admits to knowing very little as far as economic theories and monetary equations are concerned. The only thing that has propelled him to such a status in the economics world is the fact that he does not look at the world from the same perspective as everyone else. Levitt’s third eye has allowed him to spot economic anomalies and strategize from such experiences. This third eye of his led to his getting requests from economically established individuals to solve anomalies, and even from non-economic individuals and groups that know they are missing a certain view of the duties they claim responsibility for. The Excellent Science that is Economics Economics is the science that defines the sequential processes involved from the production of utility goods and services to the end consumer. â€Å"Levitt considers economics a science with excellent tools for gaining answers, but has a shortage of interesting questions† (Levitt Dubner 6). The whole economics fraternity is more than glad to have him present all the interesting questions entailed in economics. Economics as a science breaks down market phenomenon in order to explain what triggers certain reactions in the market, and how to get the best out of these rea ctions. Economists do not need all the interesting questions in the world, as even simple questions can help solve the biggest of problems (52). The Hidden Side of Everything Steven Levitt has used this phrase to refer to the basic things that go on around people, but ignorance or a bad situation has redirected their view to things that seem to be the bigger picture, but are insignificant to their causes. They find themselves looking away and slowly letting go of their dreams as they brace themselves to survive the reality that is life. This leads the reader to a short story narrated by the author. Consider Paul Feldman, a successful agricultural economist who always wanted to liberate the world from hunger, but ended up working for the US Navy (51). Mr. Feldman had a very well paying job but ended up quitting it to follow his ‘destiny’; and it paid off. His brand new supply chain around Washington DC ended up with him earning as much as he made during his tenure at the white-collar job that he was not supposed to quit.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The book could therefore be advocating for all those with their inner voices pointing towards a different direction in life to go against all odds and engage in what they think will reveal the best of their abilities. Like Paul Feldman, they should be cautious and take their time to analyze the venture they are going to undertake, identify challenges and strategies that will manage them before giving up what they have, lest they find themselves chasing after the wind. Skepticism Freakonomics as a guide was a book designed to encourage skepticism in economics as a whole. This, backed by claim that it is human nature to cheat, raises questions on the integrity of economics, the science. The author goes ahead to give the example of sumo-wrestlers, schoolteachers and day-care parents who engage in cheating as a day-to-day vice (51). Sadly, the rest of the world does not follow with this. The algorithm used to detect this cheating, though perfect, did not result in likewise ‘perfect’ outcomes (DiNardo 30). If everyone turns into a skeptic of all concepts that run the procedures involved in economics, arts or even in medicine, the world would then run out of the individuals that take passion in the work they do. There would be no more believers left of the earth as everyone will be positioned to ask questions instead of addressing the faults they see in humanity. Enron presents another form of skepticism in form of white-collar crime. According to Levitt Dubner, this is a form of silent crime with no direct victim, and hence the reason why the day ends with a richer employee, but no suspect (53). Yet another form of cheating that goes overlooked if left unchecked. The problem here is that the system becomes a victim of its own perfection as the experts who desi gn it and run it reap off its loopholes in broad daylight. Incentives It is true that incentives play a major role in motivation. The new generation presents with it major and unique economic constraints. These new breed of challenges have led to people stretching every available opportunity of making an extra buck. This involves coming up with new forms of business, hence the taking root of such services as mortgage and stock brokerage, real estate agents and even escort services. These individuals have specialized and mastered the relevant activities involved in the industries in that they know how to maximize the value for your money so to speak (13). Unfortunately, Levitt does not share the sentiment. He goes ahead to tag them as humans like everyone else who respond to incentives (14). This may be true, though their expertise has helped in saving time taken in the hustle of looking for a buyer and without experience in the field.Advertising We will write a custom report sa mple on Book Review: Freakonomics specifically for you for only $16.05 $11/page Learn More It plays out as a strategy that catches two fish with single bait. This is because the owner goes ahead to conduct his/her other side business, while the broker/agent finds the buyer. Realistically, compared to that made within the same period by the seller, the money used to pay up the agent/broker may be significantly low. Economists, among other experts should, and in fact do recognize and appreciate the challenges brokers and agents go through in order to come to terms with clients who already have in them the mindset that all brokers are just out to rip them off of their money. Levitt actually does acknowledge that these experts are human (14). The authors should give the reasons why they expected to respond in a different style to the same challenges faced by other workers in other fields. Freakonomics versus Economics The author clearly lacks the scholarly enthu siasm associated with the products of the higher education institutions he attended. For a graduate from Harvard and a doctor of Philosophy from the Massachusetts Institute of Technology, he does not represent the honors as expected. He views the economic world of economics with utter skepticism and his wish is for the world to follow behind his steps loyally. In a world rigged with, among other economic forces, inflation and diversity from competition, it demands a keen view of the trends the market takes on every product. It may be unclear to him when he points out that the economic boom in the late 1990s did not help in reducing the rate of murders being committed across the States (11). As much as it reduced the number of potential criminals being born, abortion also reduced the number of great achievers and potential leaders who would have influenced positively and jolted this world to greater heights in all fields. As much as Levitt views this as a success as much as criminolo gy is concerned, it has done more harm than good as compared to crime retention and the good that is humanity. Conclusion After a complete analysis of the ideology behind the book, a reasonable and crucial point to be noted, is that â€Å"Levitt’s only real message is to encourage confrontational questions† (Berg 2005) as these nee d not economist answers, but endless arguments that lead to outright criticism of what economics stands for as a science. It has reached a point that whether we embrace it or not, economics and everything that it comes with plays a major role in the everyday life of the average citizen, regardless of social class or age.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Works Cited Berg, Chris. Why do drug dealers live with their mums? IPA (Institute of Public Affairs) Review, June 2005, 57 2): 46. Print. DiNardo, John. A Review of Freakonomics. New York: New York Times, 2005. Print. Levitt, Steven. Dubner, Stephen. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. New York: HarperCollins Publishers, Inc., 2005. Print. This report on Book Review: Freakonomics was written and submitted by user Milania Bartlett to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Monday, November 25, 2019

Critical Summary The time course of semantic and syntactic processing in Chinese sentence comprehension Evidence from eye movements by Yang, Suiping, Hsuan

Critical Summary The time course of semantic and syntactic processing in Chinese sentence comprehension Evidence from eye movements by Yang, Suiping, Hsuan Introduction Language is said to be a system that tries to place meaning to a word, but for people to agree on a word in relation to the intended meaning, then there must be the universal acceptance of the intended meaning (Hu, 2001, cited in Yang, Suiping, Hsuan-Chih Rayner, 2009). Semantics is the study of signifiers in relation to their denotation. It forms the basis of communication and language in totality.Advertising We will write a custom critical writing sample on Critical Summary: â€Å"The time course of semantic and syntactic processing in Chinese sentence comprehension: Evidence from eye movements† by Yang, Suiping, Hsuan-Chih and Rayner specifically for you for only $16.05 $11/page Learn More Traditionally, semantics ware meant to express sense, but through the development and metamorphosis of language, it has developed to inculcate different linguistic units like synonym, metonym, hyponym and other compounds. In linguistic terms, semant ics try to define and explain how meaning is able to attach itself within the smaller units to form chunks of sentences that have a logical meaning. On the other hand, syntax is defined as the study of the structure, arrangement and the principle that governs the sentence structure of any particular language. With respect to semantic and syntactic use in aid of communication through language, it is prudent to understand that in sentence comprehension, there are two basic formats. This includes modular or syntax -first model which constitute psycholinguistic model. In syntactic-first model, it is assumed that people base their language on a syntactic structure that is built around word category, which is independent of their thematic role. Comparing the early Indo-European languages in terms of word processing, what comes out significantly is the presence of event related potential (ERP). This comes out as a result of the study undertaken to identify between semantics and syntactic w hich comes first in their integration to form a temporal structure (Friederuici Kotz, 2003 cited in Yang, Suiping, Hsuan-Chih Rayner, 2009). In Chinese, the EPR is non existent in the mandarin language. Comparison between Chinese language and Anglo-Germanic languages To be better placed to understand the difference in semantic and syntactic in the Chinese language as compared to other Aglo-Germanic languages, the survey conducted by Friederuici and Kotz gave significant disparities in the mandarin construction of words.Advertising Looking for critical writing on linguistics? Let's see if we can help you! Get your first paper with 15% OFF Learn More According to the survey, it was established that through ERP experiments where a table was constructed, ba was the construction with regard to ending a sentence with a verb acting as the aspect marker. Under normal schematics, a sentence would adhere to the SVO construction, but this order defied this structure t o form S ab OV structure.s In the sentence, the ba† comprises of a subject, thus making it to be a noun phrase (NP1). If the ba is accompanied by an obligatory noun, phase NP and an article, then it forms what is regarded as the NP2. In an ideal sentence structure, this is followed by a verb phrase which consists of a verb and any constitute that may be said to be X, which is based on the experiment aspect marker. In the above paragraph, it is crucial to mention that the article under review allowed for the experiment to showcase an error which was in itself overt because it had violated the syntactic structure. A good example was when looking at a verb semantic condition like cai. Normally, a verb in any indo-European and some Anglo-Germanic languages would be easily integrated semantically to the auxiliary sentence structure or what may be referred to as the first clause. However, the Chinese verb cai fails to integrate as it already breaks the semantic and syntactic rule in the selection requirement. Taking another angle in semantic and syntactic role in understanding the comprehension of Chinese, the Chinese alphabetic is of keen interest in relation to its orthography in a distinctive and different manner. Unlike most languages where their alphabets are characterized by words and letters, the Chinese language alphabets are generally characterized by symbols, which are characters. Thus, in the Chinese language an alphabet may have either a single character or multiple characters. In the case of an alphabet having more than one character, then it is considered a morpheme. This means that the intended meaning of a word in a sentence in Chinese is not precise, and thus open for interpretation based on the context. Earlier on, in the discussion based on the EPR experiment, it was realized that the Chinese language in terms of verbs structure lacks inflectional markers or indicators. The effect of this is that in a Chinese sentence, it is difficult to tel l whether the verb matter is in the present or past tense.Advertising We will write a custom critical writing sample on Critical Summary: â€Å"The time course of semantic and syntactic processing in Chinese sentence comprehension: Evidence from eye movements† by Yang, Suiping, Hsuan-Chih and Rayner specifically for you for only $16.05 $11/page Learn More Also, for a sentence to be complete, there must be a subject-verb agreement to give it congruency, but since the Chinese language lacks the inflectional markers, then for a reader to be able to comprehend the meaning of a word, then he/she has to rely on morphological aspects or cues. The above findings have brought about a lot of debate on the ability of comprehending the Chinese language, both oral and written, with some scholars arguing that since meaning in the Chinese language is not precise as explained above, comprehension of the Chinese language cannot be immediate as in other languages. The refore, a slower model should be adopted while reading to reduce the ambiguity of the words in the context. These scholars have gone further to say that the Chinese language in regard to relative timing lacks a well-defined semantic and syntactic process through which readers can be able to understand the idea of syntactic properties unlike English readers who basically have the idea (Aaronson Ferres, 1986, cited in Yang, Suiping, Hsuan-Chih Rayner, 2009). The other school of thought argues that the Chinese language has its own syntactic rules that are independent of the semantic, but unlike other languages are flexible. Effects of syntactic and semantic positioning In recent studies on syntactic and semantic in relation to the Chinese language, researchers have diversified their focus to applying the violation paradigm to understand the comprehension process of the Chinese language (Chen 1999, cited in Yang, Suiping, Hsuan-Chih Rayner, 2009). According to Chen, understanding Chi nese will always be difficult as syntactic violation will always be a hindrance to semantic processing. The violation paradigm was later revised to come up with a new standard referred to as pure syntactic violation (Ye, Luo, Friederici, Zhou, 2006; Yu Zhang, 2008, cited in Yang, Suiping, Hsuan-Chih Rayner, 2009). The essence of these new standards was arrived at through the elimination from a noun phrase, a noun object. This altered the structure of a propositional-object phrase from Chen model. As a result of this attraction, the new model comes up with four sets of sentences that were correct, incorrect, semantically incorrect, or syntactically incorrect. In terms of timing and position, the study came up with findings that suggested that between syntactic and semantic processes, syntactic appeared earlier.Advertising Looking for critical writing on linguistics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Although this study shed a lot of light into the study of semantic and syntactic role in the comprehension of the Chinese language, there are demerits to it, especially in regard to the syntactically incorrect sentence. For instance, in the sentence, the study had omitted a noun from the prepositional object-phrase structure which resulted to semantic disruption. There are a lot of effects in semantic and syntactic violation. These effects are as a result of the use of the ERP technique that in itself gives a high resolution in terms of temporal details. However, it is worth noting that although the ERP technique can reveal a lot of information in regard to the brain activities with relation to semantic and syntactic manipulation, it offers very little information about brain activity in terms of information uptake (comprehension) of written language. This has resulted to analyst raising two questions. First, is it possible for syntactic and semantic processing to occur concurrently ? Secondly, can syntactic and semantics processes be separated while reading online? At the present time, no clear-cut answers can be given in regard to the two questions. Conclusion In conclusion, it is worth noting that the various violations mentioned in this paper in regard to Chinese in terms of eye movement can only be placed squarely as being attributed by syntactic processing rather than the divergent degree of semantic violation. In this sense, if the violation effect is as a result of SEM+SYN, then the effects are bound to appear in different positions of the sentence. In case the effect is as a result of SEM+SYN, the effect may be characterized by it appearing either prior to or after the position. Reference Yang, J., Suiping, W., Hsuan-Chih, C., Rayner, K., (2009). The time course of semantic and syntactic processing in Chinese sentence comprehension: Evidence from eye movements. Memory and Cognition. 37 (8), Pp.1-13

Thursday, November 21, 2019

Would the anti-smoking ban affect the strategies of a restaurant Essay

Would the anti-smoking ban affect the strategies of a restaurant - Essay Example Bans on smoking in restaurants and bars are appearing increasingly in many European countries, like Ireland (2004), Italy (2005), Sweden (2005), Norway (2004), and introduction is expected in many more in the near future (Rosted, 2006, p.34-9). In the U.S. many states have enacted a complete smoking ban in all restaurants and bars including: California, Delaware, New Jersey, New York, Connecticut, Maine, Massachusetts, Rhode Island, Utah, Vermont, Washington and Montana. Proponents of smoke-free restaurants cite a number of reasons to bar smoking in dining establishments. First, reduction of carbon monoxide, a contaminant present in tobacco smoke. An increased level of carbon monoxide has been shown to cause headache, chest pain, alteration of blood pressure and nausea (Steenland, 1992, p.48-54). Medical research demonstrates that second-hand tobacco smoke causes 35,000 to 40,000 excess deaths from heart disease per year in the U.S. alone. As a Gallup Poll shows, 52 percent of Americans believe second-hand smoke is "very harmful." The New York Department of Health found in a 2004 study that air pollution levels had decreased sixfold in bars and restaurants after the ban went into effect. The study also found that 97 percent of the more than 22,000 establishments inspected by the city from April 2003 through February were found in compliance with the new law and that 150,000 New Yorkers reported less exposure to second-hand smoke in their workplaces since the ban took effect (Zagat, 2004, p.43-6).Citizens of Helena, Mont. voted to ban smoking in all public places. Six months later the state Legislature rescinded the ban. During the six month ban, heart attack rates dropped by 58 percent. Once the ban was lifted, the heart-attack rate went back to previous levels (US Department of Health and Human Services, 2000, p.132). Another example: a study of Norway's 2004 smoke-free workplace law in bars, restaurants and night clubs has proven the law to be a huge success with staff breathing improved, nicotine in their urine eliminated and air quality has been cleaned up (Rosted, 2006, p.88-96). The thought of more smoke-free restaurants seems to be attracting patrons. A study in New York reports that 96 percent of those surveyed are dining out "as often" or "more often" since a smoke-free dining ban was established. What's more, restaurant openings outnumbered closings by a 2-1 ratio (Zagat, 2004, p.52-6). Second, the smoking ban results in a multitude of benefits for the management and safety of the restaurant, including decreasing the sick time of employees, limited liability of harm to employees, and decreased risk of fire hazards. It provides a healthier environment in the restaurant and decreases sick time of employees bothered by colds, sinus problems, asthma, and other respiratory problems triggered by second-hand smoke exposure. The law cuts the maintenance costs by eliminating burns to carpets, booths, tables and other furnishings. Smoking ban gets rid of dirty ashtrays and ashes and butts on the floor. It keeps the restaurant's owners from worrying that bread and pastries will pick up smoke odour. The law does away with complaints from non-smokers bothered by the smoke in the establishment. It makes seating easier: the restaurant's employees won't have to worry about putting customers in the

Wednesday, November 20, 2019

Assignment 4 Example | Topics and Well Written Essays - 500 words - 4

4 - Assignment Example So far, the quantities have lagged behind the quantities expected. Meeting the cellulosic mandate faces considerable challenges (O.E.C.D et al, 2012). The fuel consumption increased by 28.63% in 15 years. This was because the population in 15 years increased. In addition, the number of people owning vehicles increased thus increasing the amount of fuel consumed. Even though the prices of fuel increased, people cannot stop fuelling their cars. The increased percentage is insignificant. The consumption of gasoline does not decrease with an increase in price. Other factors affect the reduction in consumption. This is because from 2005-2007, the consumption increased with a higher price but in 2008, the consumption decreased while the price was the same like the one in 2005-2007. Thus, other factors must have affected the decrease in consumption. Bullis, K. (2007). Will Cellulosic Ethanol Take Off? Fuel from grass and wood chips could be big in the next 10 years–if the government helps. Retrieved from http://www.technologyreview.com/news/407365/will-cellulosic-ethanol-take-off/Bottom of

Monday, November 18, 2019

Global Promotion Event of a Toothpaste Essay Example | Topics and Well Written Essays - 1000 words

Global Promotion Event of a Toothpaste - Essay Example nature of this product therefore calls for certain convincing power that must be attained during promotion in order to ensure that the consumers are feeling safe and satisfied with the product. There are specific issues that surround dental health that must be tackled as well to enhance consumer trust, such as tooth decay (plague), bleeding gums and tooth sensitivity. The promotion of the product would require relevant specific guests and since it is set on a global stage, the presence of health and business expertise from different countries is indispensible. There are other tools provided by modern technology that must be adopted to guarantee success in the promotion. The information about Mediplus is intended to reach all the corners of the world, its presence and effectiveness must be felt around the globe before effecting sales. At the beginning of the event, the product should be introduced. Promoting a toothpatse entails promoting its active ingredients (Saxena 2006). Mediplus is a toothpaste brand that is rapidly gaining positive reputation for its effectiveness and healthy attributes. It has not been in the market and is currently in the market that only covers a single nation. The current market has tested it and has approved of its worth. It is a product manufactured under high health standards to guarantee its consumers of healthy teeth and gums. A part from its medical attributes, it is also manufactured to give its consumers a very elegant smile. It contains micro granules that whiten the teeth. Everyone needs a lovely smile. And this is what Mediplus provides without a doubt. For this reason, a Mediplus consumer is easily acceptable and socially presentable in a large scope of life. However, regardless of all the successes that Mediplus has gained in the local scenario, the company intends to pass this beautiful experience to the rest of the world: continent to continent. The presence of Mediplus to be felt in North and South America, Europe,

Saturday, November 16, 2019

Secretors and Non-secretors Disease Susceptibility

Secretors and Non-secretors Disease Susceptibility Human population can be categorized into secretors and non-secretors based on A, B and H antigen on basis of presence or absence of these blood group antigens in the body fluids and secretions, such as saliva, sweat, tears, semen, serum, mucus present in the digestive tract or respiratory cavities etc. Secretors are individuals that secrete blood group antigens in their body fluids while non-secretors are the individuals that do not secrete them in their body fluids and secretions. It is a known fact that ABO blood type is controlled by blood type coding genes present on the chromosome 9q34 but the secretor status of an individual is decided by interaction of a separate gene (called secreting gene) with these blood type genes. The presence of the secreting gene in a persons genome makes him a secretor and absence makes him a non secretor. The gene is designated as (Se) for Secretors and (se) for Non-secretors and it is entirely independent of the blood type A, B, AB or O. The individuals secreting antigens in the body fluid are designated as ABH secretors in blood banks. Individuals having O blood group secrete antigen H, A blood group secrete A and H antigens, B blood group secrete B and H antigens in the fluids. A secretor gene helps a person to gain a degree of protection against different environmental conditions especially the micro flora of a particular environment and also the lectins present in them. It helps them in promoting the growth of friendly, stable blood type intestinal bacterial ecosystem which depends on the blood type antigens present in the mucus of an individual. Secretor status does modify carbohydrates in the fluids present in the body and their secretions and it also affects and influences the attachment and persistence of the micro flora present in the body. Secretors are at a higher advantage than non-secretors. Non-secretors have a potential health disadvantage. They possess many metabolic traits such as carbohydrate intolerance, immune susceptibilities. Different tests are available for determining an individuals secretor status. Most common test uses saliva or other body fluids of an individual for testing the secretor status. These tests are based on the principl e of Agglutination Inhibition where the antigens are neutralized by the corresponding antibodies so that these antibodies will not be further be available to neutralize or agglutinate the same antigens residing on the red blood cells. ELISA could also be used for determining the presence of the secreted Lewis antigens in the saliva or other body fluids. The alleles Se and se differ in the frequency and have an anthropological value. They occur in different frequency in different populations. They have a high frequency in the American Indiana and a low frequency in the southern Indians. In US 20% of the population is secretors whereas 80% of the population consist of non-secretors. The fusion allele of the FUT2 (secretor type alpha(1,2)-fucosyltransferase) gene at a high frequency and a new se385 allele in a Korean population SECRETOR AND NON-SECRETOR A person secreting blood group antigens into the body fluids and other secretions like saliva, semen, tear, mucous in the digestive tract and respiratory cavities are named as secretors. In similar terms they put their blood type antigens in the body fluids. They secrete antigens according to their blood type, A secrete antigen A and H, B secret antigen B and H, O secrete antigen O and AB secrete A, B and H antigen. Secretors expresses Lewis b (Leb) antigens on the RBC where as non-secretor expresses Lewis a (Le a) on their RBC.These antigens in the body fluids give additional protection to the individual against the various microorganisms and the lectins present all around us. 15- 20% of the population consists of non-secretor. These individual fail to secrete the blood group antigens in their body fluids hence they become susceptible to bacterial and superficial yeast infections. A large no of them sometimes also suffer from the autoimmune disorder. This could also be correlated with the secretor and non-secretor phenotype. The body secretions of secretors and non-secretors differ quantitatively and also qualitatively. The type and quantity of the antigens present in it differ among different individuals. In some cases the non-secretors may contain the A and B antigens in the saliva but the quantity is less and even quality is very low hence they have similar functional problem. There are certain properties which are specific for secretors and differ in non-secretors. Some are listed below: Intestinal alkaline phosphatase activity ABH secretor correlates the activity of alkaline phosphatase and serum alkaline phosphatase present in the intestine. Non-secretors have low activity of alkaline phosphatase and serum alkaline phosphatase which is responsible for the breakdown of fat and assimilate calcium. Low molecular weight alkaline is present in both secretors and non-secretors and high molecular weight alkaline phosphatase is present only is secretors. Bacterial flora The ABH blood types influence the population of bacteria residing in the local vicinity of the gut mucin glycoproteins. Bacteria produce enzymes that have the capability to degrade the end sugar of A, B, and H blood antigens and which are consumed as food by them. The B antigen degrading bacteria produce enzyme to remove the end alpha-D-galactose and A antigen degrading bacteria produce enzyme to detach N-acetylgalactosamine which are used as a source of food by them. Blood clotting The secretor and the ABO genetics influence each other and effect upto 60% of the vWf concentration variation in plasma. Raised levels of factor VIII and vWf may cause thrombotic and heart disease in future. Secretors have the slowest clotting time, thinnest blood, least tendency of platelet aggregation, low amount of factor VIII and von Willebrand factor (vWf). The non-secretors have highest clotting time, thick blood, high amount of factor VIII and von Willebrand factor (vWf) and low bleeding time. The blood viscosity is also influenced by the secretor status of that individual. Phenotype Lewis Characteristics of Clotting Le (a- b-) maximum action of factor VIII and vWf Very Low bleeding times (seen in A, B and AB) Le (a+ b-) intermediary action Low bleeding times (seen in O) Le (a- b+) minimum action of factor VIII and vWf Very Long bleeding times (seen in O) Blood Type Lewis and Factors effect Blood Clotting Immunoglobulin Variations ABH non-secretors express low concentration of IgG immunoglobulin. The secretion of varying concentration of diverse constituents of the blood group is controlled by the secretor gene and it also affects the phagocytic activity of the leucocytes which provides an added advantage to the non-secretors. The leucocytes of the non-secretors possess a greater ingestion power when compared to the secretors. The O and B blood group non-secretors have the highest phagocytic activity. The presence of different concentration of anti-I in the an individuals serum is affected by the ABO group, secretor status and sex of the individual. The secretors females have a high level of anti-I in the serum as compared to the males. The non-secretor have low levels of IgA and IgG antibodies and hence have frequent problems with the heart valve. Genetics and Biochemical pathways The secretion of the blood group antigens in the body fluids and other secretions are genetically influenced by certain allelomorphic genes. Secretor gene contains two alleles (Se) and (se). The dominant gene Se is present in the homozygous or heterozygous condition in the secretors which lead to the secretion of antigens into the body fluids. se is recessive allele and is present in non-secretors in the homozygous condition. SeSe and seSe produces a dominant secretor phenotype and sese produces a recessive non-secretor phenotype. Basically three genes are responsible for the formation of the A and B antigens. They are namely ABO, Hh, and Sese genes encoding glycosyltransferases which produces the A and B antigens. H antigen present in the individual with O blood group is the precursor for the formation of A and B antigens. H antigen act as a backbone for A and B antigens. The O gene is considered as amorphic. The allele Hh and Sese reside on each locus and are closely linked together. It is also suggested that one of the allele has arisen by the gene duplication of the other. The second allele on the same locus is really rare. The product related to this allele hasnt been discovered yet and hence it is considered as amorph. The oligosaccharide responsible for the formation of the A and B antigen can exist in a simple linear fashion or a complex branched fashion. Infants A, B and H antigens contain high amount of linear chained oligosaccharide whereas oligosaccharides present in an adult contain high amount of branched chained oligosaccharides The A and B antigen is synthesized from a common intermediate known as substance H. The conversion is carried out by the addition of a sugar molecule to the non reducing end of the H oligosaccharide chains. This addition affects the reactivity of H antigen. The ABH substances are secreted in the Urinary respiratory tract, gastrointestinal tract by mucous glands residing there. The secretor gene regulates the synthesis of blood group antigens in the glands of small intestinal mucosa. The secretors and non-secretors produce A and B substances which are basically glycoproteins in pylorus and Brunners glands and produce A and B substances those are soluble in alcohol and glycosphingolipids in nature. The secretors also produce ABH substances in the prostate and lactating mammary glands. The secretion of breast is rich in H substance but poor in substance A and virtually absent in substance B. The synthesis of these constituents in the pancreas and secretory cells of sweat gland is not controlled by the secretor gene. The blood groups substances were also found in the calyxes and collecting tubules of the secretors (Se) but it could not be concluded that whether they are produced by the kidneys or are generally excreted. These secretions were noticed in the eight to nine weeks old salivary glands and stomach and later it appears throughout the gastrointestinal tract. Glycosphingolipids carrying the A or B oligosaccharides are present on the membranes of RBCs, epithelial and endothelial cells and are also present in the plasma in the soluble form. The glycoproteins carrying the similar A and B oligosaccharides are responsible for their activity in the body fluids. In the body fluids they are present in the secreted form. The A and B oligosaccharides which do not contain the carrier proteins are present in the milk and urine. The chromosome 19 containsFUT 1 and FUT 2 genes which code for fucosyltransferase. FUT genes numbered from 1-7 and form clusters which are responsible for the production of enzymes called as fucosyltranferases. The cluster is located on chromosome 19q13.3. Fucosyltranferase helps in the formation of fucose moiety which is added to the H antigen and further gylcosylate the A or/and B antigens. H antigen is a basic blood group antigen present in each and every human being but the content varies in different individuals of the same ABO group. A general pattern indicates that its strength varies as O>A2>A2B>B>A1>A1B. Water soluble H antigen has been demonstrated in the saliva and the body fluids of the individuals.H antigens are fucose containing glycan units which are present on the glycolipids or glycoproteins residing on the erythrocytes membrane or in the secretions. The fucosylatedglycans are the substrate for the enzyme glycosytransferases that are responsible for the formation of the Lewis and A, B blood group antigen epitopes. Secretors contain both the alleles whereas non secretor contains the null allele for FUT2 gene. The FUT 2 gene codes for fucosyltranferaseenzyme in the exocrine tissues which lead to formation of antigens in the body secretions and body fluids. The A and B genes produce glycosyltranferase that add sugar to oligosaccharide chains that is converted to H antigen. The H antigen are constructed on the oligosaccharide chain. The oligosaccharide chains could be of two type : Type 1 and type 2. The glycosphingolipids present in the plasma and on the membranes of glandular and parenchymal cells and glycoproteins present on the cell surfaces or body fluids carry either the type 1 or type 2 chains. The glycolipids antigens present on the RBC contain type 2 chains. A gene encodes N-acetyl-galactosaminyl-transferase and B gene-encodes galactosaminyl-transferase and add   GalNAc   and  Gal   in alpha (1-3) linkages which is acts on the H gene transferase. The H gene produces fucosyltransferase that add fucose to the terminal Galactose molecule of type 2 chain. It forms an alpha (1-2) linkage. A and B antigens are constructed when the A and B transferases attach respective sugars to the type 1 or type 2 chain substituted with Fucose. The secretor gene FUT2 located at 19q13.3 and codes for the activity of the glycosyltransferasesin concert with the FUT1 gene coding for H antigen, needed to assemble both the ABO and Lewis blood group and are active in mucous gland and goblet cells which interact with each other and lead to secretions of antigens in the fluids. The expression patterns of both the genes are different. The FUT1 (H) gene is dominantly expressed in the erythroid tissues which lead to the formation of the H enzyme whereas the FUT2 (secretor) gene is expressed in the secretory tissues and lead to the formation of secretor enzyme. The product of the H enzyme or H gene resides on the erythrocytes and product of secretor gene resides on mucins in secretions. If an individual lack these alleles, he/she will not be able to express the above active enzymes therefore they would be deficient of the substrates which are required by the A or B glycosyltransferases. Therefore they would not express the A and B epitopes. Correlation between Lewis Phenotype and ABH Secretor status The Lewis typing also helps in finding the ABH secretor status. The production of Lewis antigens is genetically controlled. Individuals possessing the Lewis (Le) gene would produce the Lewis antigens which are carried in the plasma by different substances and are absorbed onto the Red blood Cells present in ones blood. The ABO determinants and H/h blood groups factors seem to show structurally corelation to Lewis blood determinants. FUT1 provide the glycans for glycosyltransferases which convert Lewis antigen to ABH antigens. FUT2 allele is expressed in the secretor and is responsible for the expression of type1 H determinant. The secretors convert their Lewis a antigen to Lewis b therefore they are (a-b+) and the non-secretor are (a+b-) as they lack the FUT2 responsible for glycosyltransferase which could convert Lewis a antigen to Lewis b antigen. Lewis (Le) gene and Secreting (Se) gene interact with each other. Initially Lewisais formed and if Se gene is absent in an individual the Lewisa substance is absorbed on the RBC and the individual is typed as Lewisa but in secretors the Se gene controls the activation of the H gene which causes addition of an additional sugar to Lewisa which convert it to Lewisb. Secretors contain both Lewisa and Lewisb in their plasma but absorb Lewisb preferentially on the red blood cells and the individual is typed as Lewisb. Hence we could interpret that presence of Lewis gene would type an individual as Lewisa positive or Lewisb negative or vice versa. An individual could not be positive for both. A person containing both Lewis gene and Secreting gene are typed as Lewisa negative and Lewisb positive whereas a person having the Lewis gene but not the secretor gene is typed as Lewisa positive and Lewisb negative. Individual who does not have Lewis gene regardless of secretor gene is typed as Lewisa negative and Lewisb negative. Note: Lewis Double Negative (LDN) is a sub type of non secretors but Lewis typing cannot be used for them to determine the ABH secretor status. Detection methods The presence and absence of the antigens in the body fluids could be detected by Agglutination Inhibition and Lewis typing. Agglutination Inhibition test could be divided into two parts:- Part I Antibody Neutralization: To determining ones secretor status, the saliva of the individual is mixed by the antiserum (Anti-A, Anti-B or Anti-H) available commercially. In secretors the soluble substances i.e. blood group antigens will react with the antibodies present in the antiserum and will get neutralized. Part II Agglutination Inhibition: The bed blood cells obtained commercially are added to the test mixture. In secretors agglutination of the RBC do not take place as no free antibodies are available to agglutinate them. All the antibodies have reacted with the soluble antigens present in the saliva whereas in non-secretors agglutination would occur upon addition of the RBC as no blood group antigens are present in the saliva so antibodies present in the antiserum are not neutralized and hence would be free to react with the test RBC cells which are added to the test mixture. Hence agglutination is a negative test for secretor status and positive test for the non-secretor status. Note: Anti-H lectin containing phytohaemagglutinin virtually specific for human RBC. Thirteen Cucurbitaceaespecies have been investigated for the anti-H activity present in their seed lectins. Lectins has been extracted and purified from Ulexeuropaeus seeds. It could be used to demonstrate the H secretor status of blood group O individual and also for subgrouping the blood group A individuals. Lewis typing: Individuals carrying the Lewis gene produce Lewis antigens that are carried by the plasma and are also adsorbed on the red blood cells. Lewis antigens do not reside only on the red blood cells. Initially the gene gives rise to Lewisa. If Se gene is present it activates H gene which interact with the Lewisa and add a sugar to Lewisa and hence get converted it to Lewisb. Both Lewisa and Lewisb in present in the plasma of the secretors. If the Se gene is not present then the Lewisa substance is adsorbed on the red cells and individuals are typed as Lewisa. The secretor status of an individual could be determined with help of Lewisa and Lewisb antibodies mixed with an individuals saliva and observing the agglutination macroscopically. Disease Susceptibility among Secretors and Non-secretors Digestive system Non-secretors are more prone to the diseases caused by the oral bacteria in the digestive system of an individual. It includes ulcers, celiac diseases gastric carcinoma pernicious anemia etc. It could lead to dysplasia or increase in the number of cavities present in the digestive tract. Non-secretors are less resistant to the infection caused by Helicobacter pylori which could lead to the formation of peptic and duodenal ulcers. It could easily colonize and cause inflammation in the non-secretors. The non-secretors lack the blood group antigens in the mucus secretions therefore H.pylori attach to the walls of the digestive tract and cause infection. The secretors have a tendency to secrete free ABH antigens in their intestinal secretions which effect the bacterial and lectins adherence to the microvilli present in the gut. The secretors produce these antigens and prevent H.pylori attachment. These antigens act as a decoy in the secretors which prevent them from attaching with the ho st tissues. The non-secretors also show a lower IgG immune response to the H.pylori. They have extreme rate of bleeding and stomach ulcers but correlation between these complications and the secretor status have not been documented yet. The non-secretors are not able to turn off the digestive enzymes and hence they produce large amount of enzyme pepsin and hence are more prone to duodenal ulcers. 50% of the duodenal ulcers are present in non-secretors. 30-40% of group O individuals are affected by the duodenal ulcers and 15- 20 % are affected by the gastric ulcers. They show a high risk factor along with the gene coding for hyperpepsinogenemia I which impact in the risk of duodenal ulcers. Group A individuals have a higher tendency of having gastric cancer and pernicious anemia. Statistics shows that 20% of the group A individuals are affected by gastric cancers and 25% are affected by the pernicious anemia. Oral pathology The non-secretors are more prone to oral diseases like mouth and esophagus cancer, epithelial dysplasia etc. They have more cavities than secretors. Diabetes The ABH non-secretors and Lewis negative (Le a-b-) individuals have a high risk of developing insulin dependent diabetes or complications arising from diabetes. Secretors with juvenile diabetes have a low chance of developing retinopathy. The ABH non secretors which are affected by insulin dependent diabetes mellitus, they show mean levels of C3c and C4 is lower as compared to ABH secretors. Metabolic Syndrome X The Lewis negative men are predisposing to syndrome X and prothrombic metabolism. They have high levels of BMI, SBP, triglycerides and low levels of insulin in serum and plasma glucose while fasting. This relationship is not true for women and is only applicable for the men. Respiratory System   Secretors have an added protection against the harmful environmental assaults directed towards our lungs and as usual non-secretors have a health disadvantage. They are over represented among the people suffering from influenza viruses A and B, rhinoviruses, respiratory synsytial virus and echinoviruses. The secretors who are miners or smokers do receive a protection against the disastrous effects of the cigarette smoking. Asthma is very common among the individuals working in the coal mines. Upon research it was concluded that asthma among them is also related to the non-secretor phenotype present in them. The non-secretor has a tendency to snore and are more prone to COPD (Chronic Obstructive Pulmonary Disease). Heart disease The ABH non-secretor phenotype have a high risk of developing myocardial infarction and Lewis negative individuals have a high risk of developing chronic heart disease (CHD) and also ischemic heart disease (IHD). They contain high levels of triglycerides. Alcoholism has a positive interaction with the Lewis negative individuals. Alcohol consumption is protective in these individuals. Autoimmune Disease   Autoimmune disorders such as Sjogrens syndrome, spondylitis, sclerosis, arthropathy, arthritis, and Graves disease are more prone in non-secretors. The ABH non-secretors affected with graves disease produces high levels of antitubulin antibodies as compared to secretors and are unable to produce the water soluble glycoproteins in the saliva. Fetal Loss and Infertility ABO antigens are also found on the sperm of the secretors. These are obtained from the seminal secretions present in them. ABO incompatibility could exist between the wife and husband if could affect the fertility of an individual. This issue has not been properly studied and is therefore under research. Rheumatic Fever The secretors and group O individuals are resistant to Rheumatic fever and more number of cases have been recorded in the non-secretors. Secretor status could also determine whether the rheumatic fever would be followed by streptococcal pharyngitis or not. Neisseria species The non-secretors who do not produce water soluble antigens in the saliva are at the risk of getting infected by Neisseria meningcococcal disease. The immune capabilities of the secretor provide a relative protection in the secretors. The ABH non-secretors produce low level of anti-meningococcal salivary IgM antibodies which provide protection to the secretors against the microorganism. Candida species Non-secretors are barriers of candida species and therefore are frequently affected by the candida infections. The glycocompounds secreted by secretors in the body fluids inhibit adhesins present on the yeast which are responsible for their adhesion with the body tissues. This leads to the development of the chronic hyperplastic Candidiasis. Statistics shows that 68% on the non-secretors are affected by chronic hyperplastic candidiasis. Non-secretor women are affected by recurrent idiopathic vulvovaginal Candidiasis. An individual with a combination of non-secretors and absence of Lewis gene are at relative risk of developing recurrent idiopathic vulvovaginal Candidiasis. Tumor Markers The individuals with homozygous active Le alleles (Le/Le) and inactive (se/se) alleles shows a highest mean value of CA19-9 tumor marker. The Lewis negative individuals irrespective of Se genotype have negative values for CA19-9. The Lewis negative individuals have higher mean value for DU PAN-2 as compared to Le-positive individuals. We can conclude that CA 19-9 marker is not an appropriate tumor marker for Le-negative individuals but DU-PAN-9 is an appropriate tumor marker. UTI Non-secretors show a higher risk of getting recurrent urinary tract infection (UTI) and renal scars as compared to secretors. This susceptibility is higher among negative Lewis subset. Statistics of a study done on women affected with recurrent urinary tract infection stated that 29% of the non-secretor women were affected by UTI and 26% of Lewis (a-b-) women were affected by the UTI. The non-secretor phenotype and blood group B and AB phenotype work together to increase the risk of UTI among women. Women and children suffering from renal scarring with and without the antibiotic treatment for UTI are prone to UTI and pyelonephritis. 55-60% of non-secretors develop renal scars and 16% on secretors develop renal scars. C-reactive protein levels, erythrocyte sedimentation rate and body temperature are higher in the non-secretors that in secretors with recurrent UTI. Conclusion It concludes that there exist a statistical association between the individuals blood-group secretor phenotype and the diseases they are susceptible to. So knowing your secretor status is advantageous as we can use the nutritional supplements more intelligently and effectively. It also makes us aware of the diseases, illness and metabolic dysfunction we are prone to, difference in the levels of intestinal alkaline phosphatase activity, propensities towards blood clotting, tumor markers and different ingredients of breast milk so that we can manage them before hand and would be prepared for them in the near future.

Wednesday, November 13, 2019

Martial Arts Essay -- essays research papers

Martial Arts When you think of martial arts, what comes to mind? The slow, calm movements of Tai-Chi Chuan or maybe the faster, hard movements of Karate or Tae Kwon Do. No matter what you think of it always contains practiced movements of the body and a lot of concentration. These two elements combined with spirit and patience is basically what martial arts consists of. Martial arts is so great because it strengthens each of these aspects of body and mind to make a beautiful display of movement. This has attracted many people to all kinds of martial arts and with the help of the movies made it very popular among Americans. Today, many Americans prefer martial arts as an exercise to help them stay in shape. Tai-Chi, as an example, is a great martial art because of its use of both the body and mind. Tai-Chi can’t be done correctly if the person is not relaxed and doesn’t know the movements being done very well. The basis of Tai-Chi Chuan derives from the idea of being constantly round when performing it. If you are attacked on a straight line and you resist on a straight line, the stronger force will win, but if the incoming force is neutralized by circularity, then it becomes easier to defeat your opponent, no matter how strong they might be. That’s what Tai-Chi is based on, but It takes years of practice to get any good at it and decades to master. Another example of martial arts is Korea’s Tae Kwon Do. The main differences between Tai-Chi and Tae Kwon Do is the uni...

Monday, November 11, 2019

J.P. Morgan’s Latin America M&A department Essay

Juan Lopez, a new associate in J.P. Morgan’s Latin America M&A department, was assigned the task of valuing the telephone directory operation subsidiary of a large Brazilian industrial conglomerate. The subsidiary is Paginas Amarelas, which operates in three Latin countries such as Argentina, Brazil, and Chile. All cash flows have been converted to U.S. dollars, and present values computed for various discount rates. In order to the present value properly, he should determine the appropriate target rate of returns for dollar flows originating in Argentina, Brazil, and Chile. Q1.What is the valuation problem here? In what currency are the cash flows denominated? In what currency should the discount rate denominated? Be sure you understand Exhibits 1, 2, 3, and 4 of the case. Juan chose DCF model to determine fair value of those subsidiaries. To properly apply DCF model WACC is a key underlying assumption. WACC composes of cost of debt and cost of equity. For cost of equity, Juan has some obstacles to determine it using CAPM model because following factors cannot be reasonably valued; 1. Risk-free rate is difficult to be determined because government bonds of those countries are not actually free of risk. Given that those governments had defaulted on principal and interest payments in the recent past. 2. Equity-risk premium cannot be reliably estimated. Equity market of each country has inadequate historical data e.g. historical stock prices, trading volume, dividend yield etc. This is because majority of companies are privately owned. 3. Beta cannot be ap propriately calculated. There is no competitor of the subsidiary in each local market. Potential competitors are either doing many kind of businesses or too small to be compared. For cost of debt, each local operation does not significantly issue debt security independently in an international market. As a result, Juan has to use an estimate of the U.S. dollar rates as if each operation borrow from the bank. Furthermore, each country has high inflation rate which causes valuation on each local currency become less accurate and less reliable. Cash flows are denominated in each local currency i.e. Argentina pesos,  Brazil reals, and Chile pesos. However, given that there are number of drawbacks in valuation on each local currency, as discussed earlier, discount rate should also be denominated in US Dollar. Q2.In this case, why doesn’t J.P. Morgan discount local cash flows at a local required rate of return? In fact, why not use that approach in general? -Firstly, J. P. Morgan is requested to value the business in U.S. dollars by the client, a Brazilian industrial conglomerate.

Friday, November 8, 2019

Vietnams affects on American s essays

Vietnams affects on American s essays The Things They Carried, document supports the textbooks view of both the wars effects on American soldiers as well as how and why they fought the war. Lieutenant Jimmy Cross, one of the soldiers fighting in the Vietnam War, was forced to undergo a transformation in order better cope with the struggles and events he incurred during the war. The soldiers of the Vietnam War carried both physical and emotional baggage which affected the way they fought in the war. Lieutenant Cross carried many objects with him during the war. The most important of these objects were letters from a girl back home named Martha he was just a kid at war, in love. He used these letters to daydream and to escape the realities of war and the horrible situation he was in. Cross loved her more than he loved the lives of his men even though he knew that Martha didnt love him. He loved her so much, that he would find himself daydreaming at crucial times during the war when his men needed his guidance the most. Because of his love for Martha, Lieutenant Jimmy Cross abandoned the needs of his men and put them in danger. The death of one of Crosses men Ted Lavender put a deep sense of guilt on Cross who was daydreaming when Lavender died he felt shame and a hatred for him-self. The other men were so desensitized by the war that they hid their true feelings by making jokes and retelling how they saw him die, a Christian of all people said the poor bastard just flat-fuck fell reemphasizing the demoralizing effects on the soldiers during the war. Cross not only blamed him-self, but also Martha. The death of Lavender left him with a love-hate feeling for Martha. She was in another world that was not quite real to him and completely uninvolved with his world and he realized that she did not love him and never would. The death of Lavender forced Cross to face reality and become a responsible uncaring...

Wednesday, November 6, 2019

Global CNC Solutions Market Essays

Global CNC Solutions Market Essays Global CNC Solutions Market Paper Global CNC Solutions Market Paper These solutions are adopted by companies in various sectors such as Aerospace and Defense, Automotive. Industrial Machinery, Healthcare, Electrical and Electronics, and Consumer Products. These industries use solutions for applications such as turning, milling, stamping, forming grinding, polishing, woodworking, punching and other cutting operations. Covered in this Report This report covers the present scenario and the growth prospects of the Global CNN Solutions market for the period 20142018. It presents the vendor landscape ND a corresponding detailed analysis of the top three vendors in the Global CNN Solutions market. The report considers the revenue generated trot sales and services of CNN solutions such as CNN servo motors, CNN servo drives, and CNN controllers. View our full TOCK here Key Regions MEME OPAC Americas Key Vendors Fauna Corp.. Mediumistic Electric Corp.. Siemens GAG Other Prominent Vendors Busch Rexroth Figaro Automation ASK CNN Equipment Headings Siebel 8 Meyer Soft Servo Key Market Driver Demand for Multi-tasking Machines For a full, detailed list, view our report. Key Market Challenge Technology. Induced unemployment Key Market Trend Steady Demand from Retrofit Segment Key Questions Answered in this Report What will the market size be in 2018 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? :

Monday, November 4, 2019

Empirical Paper Assignment Research Example | Topics and Well Written Essays - 750 words

Empirical Assignment - Research Paper Example The rate however increased in five states and remained constant in 11 other states. Kentucky recorded the most significant percentage decrement, though the state’s unemployment rate remained above the nation’s average value. There were additional job opportunities in the state in October but some people also left their jobs, with retirees as examples of those who left their jobs. The lost jobs in Kentucky were however filled with new employees and not really lost from the economy. Kentucky recorded the greatest fall in unemployment rate with a deviation of 0.5 percent while four other states realized a decrease of 0.4 percent in their unemployment rates. Unemployment rates per state remained lower that national statistics in Rocky Mountain States. On the national level, unemployment rate reduced by 0.1 percent, from 5.9 percent in September and this resulted from creation of 214000 new jobs. The report includes states’ unemployment rates for September and October of the year 2014 and for the month of October 2013 (Sparshott 1). The author’s statistics are reliable because data and generated graphs from FRED support them. Below are graphs of two indicators of employment rates, as retrieved from FRED databases that support the author’s report. The graphs, inteprated together, offers information that is consistent with Sspartshott’s report and therefofe support the author’s viewpoint. From graph 1, it is evident that employment rates have been increasing, steadily, over the past one year. Consistency in the increament can be used to forecast further increament to october and the rest of the months in the year 2014. Consequently, it can be concluded that the number of employments in the private sector improved from its value in September 2014 into October 2014. The graph of number of employment in the public sector is however unstable and suggests a decrease in employment rate from September 2014 to October 2014. Rate of

Saturday, November 2, 2019

Critically assess the attractions of commodities as an asset class Essay

Critically assess the attractions of commodities as an asset class over the short and long-term - Essay Example The ever-expanding list now also includes products such as financial instruments and stock indexes that trade on a commodity exchange. Commodities can be considered to be an asset class in their own right and long-term investments in the same have resulted in equity-like returns to investors. An investment can generally be considered a separate asset class when its returns are independent of other asset classes; its returns are both positive and significantly different from cash; its return cannot be replicated with a combination of other asset classes. Commodities have all these characteristics and therefore provide considerable investment portfolio diversification opportunities. It provides return and risk opportunities beyond that of simple inflation hedging and has sources of risk and return that are significantly different from and independent of traditional assets such as stocks and bonds. Moreover, its advantage lies primarily in that its risk and return trade-offs cannot be easily replicated through other investment alternatives. Thus commodity investment has enormous growth potential and poses some unique attraction for investors who understand its unique characteristics, benefits and challenges. For instance, commodities generally outperform other asset classes in an expansionary phase and deliver extra-ordinary returns within short periods. Like property, commodities offer low to negative correlation with equities and bonds and fixed income instruments and, therefore, provide a natural balancing and sobering effect on the portfolio. A correlation coefficient is a number between -1 and 1 that measures the degree to which two variables are linearly related. A positive correlative coefficient means that the two variables are directly related, i.e. the value of one will increase or decrease along with the increase or decrease in the other. A negative correlation means that the variables are inversely related and when one