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 addÃâà GalNAcÃâà andÃâà GalÃâà 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 Systemà 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 Diseaseà 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 canââ¬â¢t be done correctly if the person is not relaxed and doesnââ¬â¢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. Thatââ¬â¢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 Koreaââ¬â¢s Tae Kwon Do. The main differences between Tai-Chi and Tae Kwon Do is the uni...
Monday, November 11, 2019
J.P. Morganââ¬â¢s Latin America M&A department Essay
Juan Lopez, a new associate in J.P. Morganââ¬â¢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,à 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 doesnââ¬â¢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 stateââ¬â¢s unemployment rate remained above the nationââ¬â¢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 statesââ¬â¢ unemployment rates for September and October of the year 2014 and for the month of October 2013 (Sparshott 1). The authorââ¬â¢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 authorââ¬â¢s report. The graphs, inteprated together, offers information that is consistent with Sspartshottââ¬â¢s report and therefofe support the authorââ¬â¢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
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