Wednesday, July 1, 2020

Impact of the Increasing RMB Exchange Rate Changes - Free Essay Example

Introduction With the advent of the G20 Summit, the future change of the RMB exchange rate becomes the hot topic. In respect that China is characterized for the great amount of the exporting business which accounts for the large proportions of the Gross Domestic Product, the impact caused by the increasing RMB exchange rate will destroy the competency of the Chinese products. But to the petroleum industry in China, the increasing RMB exchange rate might give some positive impact on the Chinese national petroleum companies especially under the condition that the crude petroleum import increases every year. In order to find out the possible impact of the increasing RMB exchange rate on the Chinese national petroleum companies, this essay will firstly discuss the relationship between the operation of the Chinese national companies and the increasing RMB exchange rate. Following that, it will analyze the benefits and risks that might be caused by the increasing RMB exchange rate. Lastly, it will discuss the feasible measures that can be adopted to eliminate the negative impact given by the increasing RMB exchange rate. Since the major Chinese national petroleum companies are CNOOC, CPI and CNPC (Rice, 2010), these companies will be illustration used in the analysis of this essay. Relationship between the operation of the Chinese national petroleum companies and the increasing RMB exchange rate The value china of the petroleum business consists of the segments of petroleum prospecting, petroleum production, petroleum product refining, petroleum product processing, sales and distribution (Petrostrategies, 2010). In respect that China is not rich in the petroleum resource and has the difficulty in exploiting the petroleum, the emphasis of the Chinese oil companiesÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢ business is focused on the middle and lower reaches of the value chain such as the petroleum product refining and processing, sales and distribution (CNOOC, 2010; SINOPEC, 2010; CNPC, 2010). What is more, the rapid economic development boosts the great demand of the energy and the petroleum products. China has to rely on the increasing crude oil import to satisfy the increasing needs. As the state owned enterprises, most of the crude oil of the CNOOC, SINOPEC and CNPC is imported from the foreign countries such as the petroleum production companies in t he Middle East. Therefore, the changes of the RMB exchange rate certainly influence the manufacturing costs of these national oil companies. If the RMB exchange rate is increased, the Chinese national companies will have the advantage in bringing on the costs expended in the upper reach of the petroleum value chain (Jin, 2010). In addition, even though the proportion of the petroleum prospecting and production is not as large as the other parts, the Chinese national petroleum companies still engage in the research and develop of these two segments of the business. Due to the intensive large capital required in the research and development as well as the introduction and cooperation with the international petroleum, the increasing RMB exchange rate does good to bringing down the cost caused by these activities. In the overall perspectives, similar to the upper reach of the value chain, the activities of the petroleum sales and distribution in the lower chain also benefits from the increase of the RMB exchange rate. In terms of the international competition, after the final processing, the crude oil will be ultimately turned into the different types of chemical products. And some of these chemical products will be exported and sold in the international market. As the part of the overall product cost can be attributed from the cost of the crude oil, the decreasing crude oil cost caused by the increasing RMB exchange rate will be brought down accordingly (Peterson Institute for International Economics, 2010). Other things being equal, the increasing RMB exchange will result in the increase in the competency of these chemical products within the international market. However, the increasing RMB exchange rate acts like a double-edged sword on this issue. In the long term perspective, the increas ing could increase the manufacturing and labor cost. In the end, the increasing cost would be equal to the cost saved, leading to the absence of the product competency caused by the increasing RMB exchange rate. At the same time, this product competency increased can also help the Chinese national petroleum companies prevent their market shares from losing to the internal petroleum companies within the domestic market. However, as for the petroleum product refining and processing activities of the Chinese oil companies, the increasing RMB exchange rate does not have much influence. This is because that the cost of the petroleum product refining and processing activities is influenced by the internal management capability in a greater extent. Moreover, the refining and processing technique is relatively mature that the Chinese national petroleum companies do not need to seek the international collaboration in this field. As it can be seen, due to the different relation between different parts of the Chinese national petroleum company value chain and the RMB exchange rate, the influence given by the increasing RMB exchange rate will be varied along of different segments of the petroleum value chain. The benefits caused by the increasing RMB exchange rate In light of the relationship analysis between the operation of Chinese national petroleum companies and the RMB exchange rate, it can be found out that the increasing RMB exchange rate brings more advantages than disadvantages to the competency of the Chinese national petroleum products. Besides, there are some other benefits brought to the development of the Chinese national petroleum. In terms of the corporate strategy realization, the increasing RMB exchange rate gives positive impact on the sustainable development of the Chinese national petroleum companies. Since the petroleum is the scarce but unsustainable resource and the research and development of the related production is at the great cost and time consuming, the increasing RMB exchange rate brings the advantages of bringing down the cost of technology introduction and international collaboration. In terms of the actual petroleum operation, the strategy petroleum reserve is so important in the current days that the Chinese government implement this strategy via the action of the Chinese national petroleum companies. The strong purchasing power of the RMB favors the decrease of the petroleum bought from the foreign countries. Even though there might the belief that the this advantages might be eliminated in the long run, the petroleumÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s attributes of being scarce but unsustainable makes it necessary and significant to reserve the petroleum. Furthermore, the increasing RMB is good for satisfying the great demand of petroleum caused by the rapid development of China, decreasing the chance of economic disturbance caused by lack of adequate petroleum. The risks caused by the increasing RMB exchange rate In respect that the Chinese national petroleum companies also have business operation with the international industrial counterparts and customers, the increasing RMB exchange also brings the risks to the operation of the Chinese national petroleum companies. The major risk brought by the increasing RMB exchange rate lies in the accounting perspective. This accounting risk shows in two aspects. Firstly, some assets of the Chinese national petroleum companies are recorded in the foreign currency due to the convenience of international business operation. Switching the foreign currency to the national currency might cause the book loss in light of the increase of the RMB exchange rate (McKinnon, 2009). Take CNPC for example, CNPC buy the crude oil as its inventory. In year 1995, the exchange rate was 8.31 Yuan for one dollar and the price for each barrel of crude oil was 15 dollars which was equal to 124.65 Yuan on average (China National Petroleum Corporation, 2010). In year 2008, the RMB exchange rate was raised that the official exchange rate become 7.8 Yuan for one dollar and the price for each barrel of crude oil was 60 dollars which was equal to 468 Yuan on average. Ignoring the influence of the crude oil price changes, the increasing RMB exchange rate can make the company lose at least 6.12% if the crude oil was recorded in the value of US dollar. And the increasing crude oil price would enlarge the book loss. This typically demonstrates the exchange risk occurred in the accounting perspective. The size of the risk caused by the increasing RMB exchange rate will be varied in light of the currency used in the book keeping. Secondly, the Chinese national petroleum companies have affiliated agencies established in the international market and these business entities also have their own financial statements. Combining these financial statements into the financial report of the parent company will probably cause the book loss because of the exchange rate changes (Bradley Moles, 2002). Another risk caused by the increasing RMB exchange rate will be shown in the economic perspective (Ahmed Omneya, 2007). This is the economic risk, which is the uncertainty lying in the changes of the interest rates, products, labor cost and the market demand. And the changes of the exchange rate are the ultimate cause of inducing these uncertainties. The increasing RMB exchange rate will bring up the price of the Chinese chemical products that are the one of main income sources relied by Chinese national petroleum companies. The increasing price will weaken the productÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s competency, which results in the decreasing demand towards the Chinese chemical products. What is more, the lower demand of the lower downstream product might lead to the lower demand of the upstream material that is the crude oil (Commodities, 2010). The last risk caused by the increasing RMB exchange rate will show in the perspective of the transaction exposure (Sohnke Gordon, 2007). This is because that the Chinese national petroleum companies engage in many investment and financial activities all over the world. The contracts of these activities are signed without paying attention to the exchange rate changes over the contract term. In addition, these situations also occur in the international as to the oil and gas and the international engineering service collaboration. The variation of the exchange rate happening after signing the contracts or before finishing the account settlement might let these companies suffered from lose increasing or income decreasing. What is more, the Chinese national petroleum companies also engage in the business of foreign exchange trading which is aimed at decreasing its potential loss caused by the changes of the exchange rate. The uncertainties lied in the foreign exchange trading might bring the risk exposure caused by holding the foreign currency. In the recent years, the emphasis paid to the financial system and related regulation by the Chinese national petroleum companies such as CNPC and SINOPEC proves the fact that the risk exposure of foreign exchange trading can have huge impact on the financial performance of these companies (Chen, 2010). The measures adopted to handle the risks caused by the changes of the increasing RMB exchange rate In order to avoid the negative impact given by the risks caused by the increasing RMB exchange rate, there are two types of measures should be taken. One is taken in advance while the other is taken afterwards the issues. In terms of the measures taken in advance, these measures mainly focus on adopting the measures to prevent the risks caused by the exchange rate when the company is signing the contracts. These measures are taken according to the willingness of the business entities. To be specially, the Chinese national petroleum companies should conduct analysis on the exchange rate. The Chinese national petroleum companies should adopt the flexibility of pricing about their products and service in light of the exchange rate by making good use of the information system. In making the tender, these companies should take the changes of the exchange rate into consideration. Furthermore, the company should choose the currency of denomination in a proper manner. These companies should choose the currency that has stable exchange rate or the trend of appreciation in recording the income while they should choose the currency that has the trend of depreciation in recording the expense. Besides, these compa nies should stick to the principle of carrying out the financing and spending by using the same type of currency so as to prevent themselves from the exchange rate risk. In addition, in collaborating with the international counterparts in terms of the petroleum or gas exploitation and engineering technology service, these companies should try their best to match the foreign exchange claims and debts in terms of currency type, size and time. Adjusting the types of currency used in debt obligation, bringing forward or defer the time period of repaying the debts are the major means to realize the match mentioned above. Lastly but not the least, these companies should learn to share the exchange rate risks with cooperation partners. In terms of the measures taken afterwards, these measures refer to the practices to be taken only if the utilization of contracts fails in eliminating the influence caused by the exchange rate. First of all, making good use of the foreign trade financing tools helps the Chinese national petroleum companies to avoid the exchange rate risk. Besides, using these financing tools does good to improving the turnover rate of the corporate working capital and shorten the period of exchange settlement. Moreover, the Chinese national petroleum companies should use the derivatives such as futures and swaps to limit the changes of exchange rate within the acceptable scope so as to determine the income and cost in the future. This practice is widely used in CNOOC and help the company avoid the unnecessary book loss (Credit Suisse, 2010). There are several aspects that need special attention particularly the proportion of the hedge. The utilization of derivatives requires the mangers have strong u nderstanding on these complicated financing tools. Otherwise, the risks of using these tools will be greatly excel the benefits brought by them. Hence, for realizing the purpose of reducing the risks caused by changes of the exchange rate, it is advisable for the Chinese national petroleum companies to use the simple financing tools such as ordinary option and forward. Conclusion By reviewing the possible impact of the increasing RMB exchange rate on the Chinese national petroleum companies, it can be found out that the influence given by the increasing RMB exchange rate will be varied along of different segments of the petroleum value chain. The increasing RMB exchange rate will bring the benefits that consist of short-term advantages in obtaining resources and long-term sustainable development to the Chinese national petroleum companies. However, this also brings the risks to the companies, which are shown the aspects of accounting, economics and transaction. In order to reduce the influence caused by these risks, two types of measures can be adopted. The measures to be taken in advance consist of proper analysis on exchange rate change, choosing suitable currency in exchange settlement, match between the foreign claim and obligation, sharing the exchange rate risk. The measures to be taken afterwards emphasize the importance of using suitable financing too ls to engage in risk hedging.

Tuesday, May 26, 2020

Dissertation Editing at a Glance

Dissertation Editing at a Glance The Basic Facts of Dissertation Editing The use of the editors is not just for plain grammar and for spelling check. He needs to see to it that there is continuity between paragraphs. Ensure you note the above mentioned checklist when you search for editing and proofreading services. Therefore, make certain you take a look at every word and phrase in the dissertation to make sure they send the intended messages. The Tried and True Method for Dissertation Editing in Step by Step Detail Your whole dissertation needs can be dealt with by our expert writers. With the aid of fast way of communication, editors from throughout the world can continue to keep a tag on the evolution of the customer's dissertation, help in evading pitfalls, and proving the correct and timely guidance. 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Sunday, May 24, 2020

Basketball Is The Better Sport - 1133 Words

Basketball is the better sport! For many years they have been many debates on which sport is the better one. For me basketball is better because of the skill required to play it. While playing basketball you don’t always have to be the biggest guy or girl on the court. Notice I said girl, girls can’t play football but they can play basketball. Football is a very rough sport it’s a contact sport meaning you have to make contact with the ball carrier, when playing basketball you don’t have to worry about getting hit in the head during a tackle and possibly suffer a concussion. Basketball also requires you to be a more athletic person because its continuous you’re always running up and down the court. When playing basketball each possession matters and in football one turnover isn’t going to hurt you. Basketball players are assigned specific roles on both sides of the ball whether it be offense or defense. Football players are just assigned one role and that’s just for one side of the ball. Basketball overall, has all of the characteristics to designate it as America’s most athletic sport. Basketball has always been played by both genders. Anybody that wants to play basketball can play due to its simplicity to learn. If a girl tried playing football the chances are that when she got hit that she would probably be seriously injured. Actually, now in today’s football they are having to become very strict when it comes to hitting people. Basketball doesn’t require you to be aShow MoreRelatedHow Basketball Is A Sport Essay1505 Words   |  7 Pagescool is defined is basically something that one cherishes or has passion for as it could vary from playing sports to having a pet rock. Playing basketball is cool because it is a sport for anyone who has passion for the game as each player holds a different position on the court allowing a team to function well. 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It’s a sport that keeps some people in shape, some people involved with a community, and gives others an opportunity to meet new people. The recreation basketball community I am looking into is the one on the campus of Eastern Michigan University (EMU). Every day there is a multitude of people playing basketball in either the Recreation Center (REC) or on the courts outside of the student center. The people that makeRead MoreWhy Basketball Helps You : Basketball852 Words   |  4 PagesWhy basketball helps you Basketball is a well-known sport that is played almost everywhere: at school, home, parks, and other places. Basketball is the easiest sport to play, and enjoy with friends. Basketball can help you reach your goals mentally by making you more aware of your surroundings and helping you be more alert of school assignment, other work outside of school, and physically by staying in shape by going to the gym and working out or by just running. 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Thats when I converted over from soccer to basketball, I would practice basketballRead MoreOutline Of Figueroa s Framework1621 Words   |  7 Pagesequity, equality in sport and in general physical activity. Figueroa’s framework is constructed over 5 different areas which are all used to investigate ways in which inequities challenge the area of sport and physical activity. All of the levels connect and contribute to shaping the overall joint effect. They show the different functions that reinforce, create, remove and eliminate barriers within a sport. Current status of basketball through PLC The current status of basketball participations throughout

Tuesday, May 19, 2020

A Helping Hand My Loan Recipient Essay - 766 Words

Liya Banda is the loan recipient I helped fund from Lusaka, Zambia. Her story stood out to me because there was not much progress made on her loan. She was far from her goal with only 10% progress made. At the time I picked her, there was a glitch on FINCA’s website and I wasn’t even able to read her full biography. I decided to fund her loan anyways because I trusted that she could use the help. Her story was on the last page of the website, her loan wasn’t near being fully funded, and her biography was not complete. I put myself in her position and realized just how much help she needed. I had hope that people would do the same I did and give her the benefit of the doubt. Once I was able to read her full story, I was so glad I†¦show more content†¦I am so thankful I was given the opportunities in my life that have led me to where I am today. Her story really impacted the way I view microfinancing and charity in general. I don’t think I really appreciated it and understood the way it can change people’s lives until I read her story and realized that I helped her. I helped her provide for her family and increase her profits for her business. Even though it was only a twenty five dollar loan, it was enough to make a change. She only needs 16 people to lend her 25 dollars in order for her to get to her 400 dollar goal. I am so honored I was one of the 16 people to help her get back on her feet and am looking forward to seeing her progress. People like Liya who are struggling just need a helping hand to pick them up off their feet. Microfinance and charity have the same goal but are still very different. Charity is when someone donates their time or money to an organization. When you give money to a charity, you are helping an organization and not a specific individual. You don’t know the specific person you are helping. With microfinance, you are loaning money to certain individuals. 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Friday, May 15, 2020

Ethnic Conflicts in Nigeria - 629 Words

The military elites made the situation even worse by staging coups and making a mockery of democracy in Nigeria. The military era was marked by corruption, ineptitude and confusion. It drove Nigeria into many problems including economic problems, poverty, and ethno-religious conflicts until the 1990s. The military continued intervening because they believed the civilian leaders were inept and indecisive. Ethnic conflicts continued to escalate through the democratic transition in Nigeria, as various ethnic groups demanded political restructuring. The federal structure has developed deep cracks and demands urgent action to fix it. What is most worrisome in Nigeria is the religious dimension of ethnic conflict and competition for power and oil wealth. The numerous ethno-religious conflicts that the northern cities of Kaduna, Kano, Jos and Zamfara have witnessed, came about from the introduction of Muslim Sharia courts, in addition to the Souths demands for autonomy. The continuing conflict is a sign Nigeria’s lack of effective mechanisms to manage ethnic conflicts. The intense ethnic conflicts that rocked Nigeria and South Africa have pushed them to develop constitutionally backed institutions for conflict management. In South Africa, the state has prevented further conflicts by developing multiple democratic approaches to create a foundation for peace and security. The new constitution crafted an impressive document aimed to heal the wounds of the past and to build aShow MoreRelatedNigeria: Ethnic Conflict Essay916 Words   |  4 PagesEthnicity is how individuals perceive themselves, and unlike race it can be changed. There are countries in which there are several different types of ethnic groups, and in some cases that could lead to conflict within a country, but as research will show it is not the only cause, and in some cases the conflict was purposely organized. In such cases it is usually in a developing country, which is â€Å"defined according to their Gross National Income (GNI) per capita per year. Countries with GNI of US$Read Mo reEthnic and Religious Conflict in Nigeria3148 Words   |  13 Pagesstability in Nigeria’s fourth republic (1999-2011) INTRODUCTION Background to the Study Basically, Nigeria is a plural society and heterogeneous in virtually all the facet of life. The custom and tradition of Nigerians is so diverse to the extent that Nigeria as a country is now confronted with the problem of religion and ethnicity towards their political stability. The origin and history of ethnic conflict (societal wars and violence) can be traced from eternal (internal) state rivalry to external (physical)Read MoreComparative Analysis of South Africa and Nigeria1374 Words   |  6 PagesCOMPARATIVE ANALYSIS OF SOUTH AFICA AND NIGERIA Africa is the second largest continent with vast resources and inhabits more than 12 percent of the world’s population. Although we know that the continent has plenty of resources, Africa remains the world’s poorest and most undeveloped continent. [1]Poverty is widespread, there is a great threat of communicable diseases such as HIV/AIDS, malaria and tuberculosis. Politically, I would say that the country is unstable as there were civil and liberationRead MoreThe Federal Republic of Nigeria Essay examples1486 Words   |  6 PagesThe Federal Republic of Nigeria Located in the west of Africa, housing a city with major attractions in the country as the Nigerian National Mosque and the Nigerian National Christian Centre, it is safe to say that Nigeria has a prosperous ethnic diversity housing 250 ethnic groups of which there three in 250 ethnic groups are predominant which are the Hausa, Yoruba and the Igbo. Amongst other predominant tribes the Edo, Ijaw and the Kanuri are three major tribes of six major tribes (Maps of WorldRead MoreRole and Influence of Religion on Conflicts1208 Words   |  5 Pagesthe role and influence of religion on conflicts. Rabkin states that religion is not a primary source of conflicts and violent strife. According to him, most often than not, religion is used only to legitimize, but not motivate conflicts. However, Jonathan Fox states that religion is one of the motivators of terrorism. The impact of religion on conflicts is also increasing over the years. Similarly in Nigeria, religion was not the central source of conflicts at the time of colonization or evenRead MoreEssay on The Nigerian Civil War1344 Words   |  6 Pages1967 – 1970, was an ethnic and political conflict caused by the attempted secession of the South-eastern provinces of Nigeria as the self-proclaimed republic of Biafra. The war became notorious for the starvation in some of the besieged war-bound regions, and the consequent claims of genocide made by the largely Igbo people of those regions. Causes of the Conflict The conflict was the result of serious tensions, both ethnic and religious, between the different peoples of Nigeria. Like most modernRead MoreNigeri The Western Coast Of Africa1151 Words   |  5 PagesNigeria is located on the western coast of Africa, surrounded by Benin, Cameroon, and Niger. This country is known to have one of the largest populations among the African countries. Falola (3) says that not only it has large population, but also its land size is a little bigger than the size of the U.S. state of Texas. Nigeria has about 170 million residences which is about half of current population in United States. In other words, Nigeria has a very dense population regarding its size of landRead MoreThe Conflict Between The Muslims And The North1361 Words   |  6 Pagesfrom Sahel to the Atlantic coast, started the main cause of conflict between the Muslims and the Christians. It led to political disagreement between the two major religions in two separate regions of the countr y. In the years 1947 to 1959, the Nigerian leaders came together to try to come to an agreement to resolve the political and religious conflicts between the north (Muslims) and the south (Christians). Christians believe that if Nigeria is governed by Muslims, they will try to islamize the countryRead MoreIntroduction to Security Challenges in the Northern Region of Nigeria Ethnic1001 Words   |  5 Pagesdemocratic rule in 1999, Nigeria has witnessed the relative deterioration of its internal security. This is worrisome because internal security crisis is inherent with tendencies that threaten national unity and the peace of the state. This research attempts a critical analysis of the causative of the relative insecurity in Nigeria in relation to the problem of policing in Jos which is located in the northern region of Nigeria. The work is aimed at taking an indebt look into the Nigeria police force, whichRead MoreCultural Relativity: the Root Cause of Conflict in Nigeria1428 Words   |  6 PagesCULTURAL RELATIVITY: THE ROOT OF CAUSE CONFLICT IN NIGERIA Nigeria is a multicultural nation with over 250 ethnic groups. Human beings are product of culture. Culture has made people what they are. Culture is the totality of experience of people in a given environment. Culture is complex whole of the people- this complex whole includes the beliefs, habits, modes and attitude of people. Culture is the result of interaction of people in a particular environment and the interpretation of their experiences

Thursday, May 14, 2020

What Defines a Person - 1080 Words

Michael Garcia English 101 Prof. Toro 10/30/11 Essay #3 Douglas Cater, a journalist and practitioner of government power, once said, â€Å"The communications media in America carry on an enterprise more fundamental even than formal education to the well being of an open society.† In the last 50 years media influence has grown significantly with the advance of technology. There are so many ways in which to communicate including telephone, email, and television. Perhaps the most fundamental element of our education is through the use of TV, most notably with America’s children. Nowadays the most likely place to find an adolescent is in front of the TV screen rather than outside playing. The media’s influence on an open society is†¦show more content†¦Both of these ideals are essential to the well being of an open society, and are distinctively American ways of thinking. Teenagers are rebellious by nature so they tend to watch rebellious TV shows that include cruel humor and make fun of popular culture topics t hat they are introduced to in school. South Park informs America’s youth that they have the right to choose whether or not they want to have an opinion on something, and that if they really care about something they need to strive towards reaching that goal. It’s important to look more deeply into comedic TV shows because they serve a much greater purpose than simply entertainment. The fact that South Park is so entertaining and informs American youth of the elements of American government society at the same time adds to its appeal and is part of the reason why the show is so popular. Consider Carl Matheson’s essay: â€Å"The Simpsons, Hyper-Irony, and the Meaning of Life†. His writing is quite convoluted: going through seven pages of digressions, including one about painting, quotationalism, and the idea of the crisis of authority, until he reaches his main point in the article which is to define hyper-irony in The Simpsons. He defines hyper-irony as making cruel fun of something in the most cynical way possible, only to then undercut the cynicism itself to show your cynicism is just as questionable as the thing you’re making fun of. Basically, hyper-irony is the condition of always questioning your stanceShow MoreRelatedLanguage Identity1485 Words   |  6 PagesEssay on Language and Identity Language partially defines identity, it only defines identity to a certain degree, one’s actions and life choices could also define identity to some extent. I think this is an arguable claim because, truly, language and the way we speak does define us partially at least. Language can never define us completely. I think what really makes my claim arguable is the fact that I chose the middle ground, language may define us but not to a full extent, life decisions may alsoRead Moreâ€Å"Are You Happy Now?† Essay1541 Words   |  7 Pages Happiness is a term that typically has different definitions. Some define happiness, as the things one possess; others may define it as doing a good deed and the feeling one has after doing a good deed. Merriam-Webster defines happiness as, â€Å"a state of well-being and contentment† . Even Aristotle acknowledges that everyone disagrees on the definition of happiness because we all have a different thought-process and prior knowle dge. Even though there are many definitions to happiness, both AristotleRead MoreThe The Diaspora Diaspora1480 Words   |  6 Pagesglobalized with each passing day, the way we chose to interpret and define ourselves and others also becomes much more elaborate, as well. During this week’s readings we focus on defining who is who within the contexts of refugees, internally displaced people (IDP), stateless persons, asylum seekers and diasporas. In Rogers Brubaker’s â€Å"The ‘diaspora’ diaspora,† we focus specifically on how the meaning and categorization of persons as diaspora has in itself changed. The word diaspora, basically inconsequentialRead MoreHume s Identity Of A Man Is A Fiction888 Words   |  4 PagesHume believes that personal identity is not the feeling of existence of what is called the self as many philosophers believe. He proposes that every idea is the product of one impression. The self is not one impression, but is all of our impressions that combined Impressions could be pain, pleasure, grief, or joy, but they do not happen at the same time, they follow each other. Hume uses the theater analogy to explain this (Hume). The mind is the stage where perceptions make their appearance. TheyRead MoreIn This Paper, I Will Deconstruct And Explain Socrates’1048 Words   |  5 PagesSocrates’ argument of that a person with justice in their lives is a person with happiness in their lives. Socrates argues about justice and its presence and how it works in the world, but I will only be talking about justice and its presence in people. He argues that justice the virtue that allows for people to live well and have happy lives though the relationship of justice, souls, functions, and virtues. Socrates’ argument is that a just person is happy and an unjust person is wretched in Plato’s TheRead MoreThe Perks Of Being A Wallflower Essay1033 Words   |  5 PagesThe Perks of Being a Wallflower is a book written by Stephen Chbosky wrote a book that many people can relate to when it comes to the sayings of the characters. Sam said, â€Å"I’m going to do what I want to do. I’m going to be who I really am. And I’m going to figure out what that is.† Later in the book, the main character Charlie says a quote that has so much meaning when it comes to identity and figuring out who we really are. Charlies says, â€Å"I guess we are who we are for a lot of reasons. And maybeRead MoreThe Scarlet Letter And Holds True Today890 Words   |  4 Pagesfrom others and when they make mistakes, they potentially receive ridicule from others creating shame for their actions. When faced with a shame such as that, a person has two options: to let the sha me consume them or to confront their mistakes and move past them. The idea that people have the power to choose how their decisions will define them holds true in Nathaniel Hawthorne’s 19th century novel The Scarlet Letter and holds true today. The novel follows the story of Hester Prynne who commits anRead MoreEthical Virtue Is A State Of The Soul1242 Words   |  5 Pagesdifficult themes that are often discussed by many philosophers. In Nicomachean Ethicsâ… ¡.6, Aristotle defines ethical virtue as ‘(a) a state that decides,(b) in a mean, (c) the mean relative to us, (d) which is defined by reference to reason, (e) i.e. to the reason by reference to which the intelligent person would define it.’ (NEâ… ¡.6) But, this definition itself is complex. Then, in this paper, I will explain what he means by this and evaluate this definition. First, Aristotle claims virtue should be a stateRead MoreWe Must Define X As X1319 Words   |  6 Pagesthem in another place, the new person will be qualitatively identical, but could be considered numerically identical or not to the person existing prior to the teleportation, depending on our beliefs. By looking at specific examples we can determine the most reasonable belief. All of the criterion’s I will cover have the same basic structure: X is identical to Y if Y has the same Q as X. Here we will define X as the person prior to teleportation, and Y as the person post teleportation/reconstructionRead MoreRelationship Between Ownership And A Sense Of Self1334 Words   |  6 Pagesthe things you own will define and develop who you are positively by exhibiting what you like, what you can and cannot do, and in the end, characterizes you, as long as you use the things you own properly. Jean-Paul Sartre argues that intangible items such as skill and knowledge is something that we own and defines who we are, since acquiring skill and knowledge makes us better in different aspects of life. He also argues the tangible aspects of life that we own also defines us. By saying this, Sartre

Wednesday, May 6, 2020

Military Leadership No Control Group Exists - 1518 Words

Military leadership is forever difficult to umpire as no control group exists. One may see the verdict of hindsight view passive strategy unfavorably, like General George McClellan who built the Union army in the early stages of the war but was a lethargic and fearful field commander who seemed incapable of gathering the courage to assertively take on Confederate General Robert E. Lee, an American soldier best known for commanding the Confederate Army of Northern Virginia; others are indicted on being too reckless. Shelby Foote, an American historian and novelist, describes the massacre on Gettysburg by Major General George Pickett, proclaiming, â€Å"And that was the mistake he made, the mistake of all mistakes....and there was scarcely a†¦show more content†¦In February of 1862, Ulysses S. Grant took control of all union forces following his impressive governance over the reinforced Confederates under Brigadier General Gideon J. Pillow at the battle of Fort Donelson (Gran t 149). Ultimately, he developed a grand strategy to defeat the Confederacy and in the end, with much resistance, succeeded. Grant began to greatly take advantage of the Northern upper hand in resources, transforming the war into a bloody but efficient battle of attrition. He in this manner revived the Northern war exertion and saw it through to its finish, with General Robert Lee surrendering on April 9, 1865, at the McLean House in Appomattox, Virginia (329). The battle of Shiloh (April 6-7, 1862), the Civil War’s first catastrophically bloody battle, serves as an illustration of Grant’s military prowess. The implementation of sound tactics with the advantages provided to him explicitly in Shiloh and throughout the American Civil War, along with his sincere concern and belief in his troops, result in victory here and in the conflict altogether. Following defeats at Fort Henry and Donelson, Confederate Gen. Albert Sidney Johnston, commander of the western armies within the Western Department, withdrew to Corinth, Mississippi in order to start preparing for an offensive maneuver against Grant (150). He was eager to catch Grant before the Army of the Ohio under Major