Exercise 4 – Used Car

Used Car – Exercise 4 Our issue is that we need a new vehicle because ours was wrecked and the rental car we were given to use after the wreck by the insurance company is about to expire, leaving us no mode of transportation. We are looking into buying a used vehicle from an advertisement in the local paper. We weren’t sure if the vehicle was still available so we have called the owner and inquired. We do not know who we are buying the car from but we are interested in purchasing the Volkswagen Jetta because of the advertisement in our local newspaper. Just from reading the car ad; we deem that the car fits all our needs and we need to get in touch with the owner fast in order to make sure they don’t sell it to someone else. In order not to have all our eggs in one basket, we have another vehicle prospect that can be purchased, but it’s an older 1995 Jeep Cherokee for $3,800. 00. We are hoping to get the Jetta for less than the Cherokee, or somewhere within our budget, but if we can’t, we can always buy Cherokee for less. The issues that are most important are trying to come up with a deal that will satisfy thefinancial limitations we have while getting something that is worthwhile and will give us a return on our investment. The issues that are less important are probably taking a vacation at this point if it means losing out on a car that will be beneficial for us. The issues linked are trying to find a replacement soon as we will have to return the rental since the insurance company will no longer pay forit. Another linked issue is finding a vehicle within our price range so we don’t have to take out a car loan that will most likely yield high interest. Issues that are not linked are the two different kinds of vehicles, the Jetta and the Cherokee. Our interest on purchasing this vehicle is to acquire a means of transportation and fulfill an urgent necessity with a tight budget, because right now we are renting a car, and our lease agreement is about to expire. We do not plan to renew the lease because it is getting too expensive for us; therefore, time pressure and monetary price are two important factors in our interest. To accomplish our goal of getting the transportation we need, we intend to spend a minimum of $3,500. 0, depending on the vehicle’s conditions; however, we are considering to pay for this car up to $4,100. 00 as settlement, with at least six month warranty from the seller, and if the negotiation fails, our best alternative(BETNA) will be to purchase a 1999 Jeep Grand Cherokee, listed for $3,800. 00; despite its high mileage, the Jeeps is a US made vehicle of low maintenance and easy fix, with a good reputati on in the vehicle market. Our preferred settlement would ideally be to purchase the Jetta since it seems it would fit into what we need for our job at this time. We are willing to trade off on possibly a couple of hundred dollars but we must see what the car needs, it could possiblly need new tires, brakes or other things where we could ask for some leeway to try to save ourselves some money. By calling and getting to know the seller of the Jetta we realize that the other person isn’t just trying to get rid of the car just for the sake of getting rid of it. They are selling this vehicle because they are in need of something else too. We are trying to access were they are coming from, but they aren’t giving us much to go on, other than they need to sell the car. This party is required to be involved in this process, they are the ones selling the car and if we can get it for less than they are asking, then it will require them to negotiate with us. At this point, we don’t have too much information about other party; we just know they have a vehicle they are trying to sell and we assume it is in order to purchase a newer vehicle. The issues they have will probably be trying to get the most money out of the Jetta they are trying to sell while we try to lower their asking prices and come to a mutual understanding. We feel that that priority for the seller is that they may have another vehicle in mind to purchase, or something that they need to purchase rather quickly and they will probably need to sell the Jetta as soon as possible in order to make the other purchase. Our Interest is to get the most reliable vehicle that will service our needs for the least amount of money and at this point we’ve had no past relationships, if we settle on this deal we’ll just need the title of the car signed over to us. No further relationships are really needed but would be beneficial in case we have any issues with the car and questions may arise. We pretend to use collaborative strategy, because we believe that we may need the seller in the future, whenever our financial situation gets better; however, we don’t want to lose money either, we want both parties to make something and establish from this point on a relationship. We believe that we could work together in the near future and this deal could come in to play in the future; however, we’re thinking that the other team may use a competitive strategy and try to make more money. Our research consisted of looking up the Kelly Blue Book Value on the car and getting an idea as to what the car is actually worth. We also wanted to see what the cost of the exhaust system since that component of the car means we will have to shell out more money soon, so we need to make sure that we get that out of the car cost to be able to pay for that expense in the future. We feel the other party has their interest in mind, they ultimately want what they want for their vehicle, but if we could throw in some elements to get the cost down, we will do so. Our tactics at first was to just get a feel for where they were and the urgency in which they needed to get rid of their car. We added in the element of being a single mother of 4 children and getting to work to pay for their food, having a safe vehicle for them to be in and a vehicle that would not cost so much to use. Our first negotiation took place face to face. We threw out the first offer and they countered, that is where our negotiations began. We had a few phone calls from the owner to meet up, but they failed due to other obligations. We decided communicating via email would be our best option. Since we knew we had another vehicle option we decided to start low and work them towards our goal. Getting the first offer out was critical to start the expectations. We started at $ 3,500,and gradually got higher. Since we were trying to accommodate money for a trip and a car we provided them details that weren’t true and we ended up getting the vehicle for $4,700. 00, a few hundred dollars more than we hoped to pay. We were trying to get the car and still take our trip that was planned in advance. But, by having to spend a few hundred more for the Jetta then we originally planned it cost us our trip. We had to choose what was more important; our trip, or having a reliable car and having a reliable car in order to be able to go to work, live and function in life was the route we chose.

Is Mankind Harming the Environment? Essay

This paper will discuss whether mankind has played a role in harming the environment. It will talk in detail about the various human activities that have had an impact on our natural habitat and will also give specific examples of what we should expect in the future as a result of our activities and how we should deal with them. Mankind has several natural resources at his disposal. These include the oceans, atmosphere, forests etc. Any misuse or overuse of these resources will eventually destroy the sustainability of these resources. The fish population may become extinct, climate changes may result in an increase in natural disasters, forests may not be replaceable etc. In short, abuse or improper use of the environmental resources may result in long term consequences for the entire mankind. (Ostrom, Elinor et al: 2002) There is significant evidence to prove that mankind has indeed played a major role in harming the environment. Most the earth’s fisheries have already been destroyed and the Amazon rain forest is also near destruction. â€Å"Humans have destroyed more than 30 per cent of the natural world since 1970 with serious depletion of the forest, freshwater and marine systems on which life depend. † (Guardian: 1998) This combined with the persistent increase in greenhouse gas emissions have resulted in a massive increase in ozone layer depletion and global warming. This in turn has resulted in climate change all over the world causing an increase in the frequency of floods, droughts, hurricanes, extremities of weather, coastal erosion, melting glaciers etc. No doubt global warming is the result of man’s own activities. Human activities which produce increasing amounts of greenhouse gases especially carbon dioxide from burning fossil fuel are causing global warming all across the world. Global warming has even caused the sea level to rise between four and eight inches during the last hundred years and every year seal level now rises one tenth of an inch. If mankind continues to emit greenhouse gases at the same rate it will result in serious environmental degradation as well as negative effects on human health. (Mank, Bradford: 2005) As Athanasiou and Baer put it, â€Å"Even if we move quickly to cap the emission of greenhouse pollutants [a politically and diplomatically impossible scenario at present], the consequences of global warming will soon become quite severe, and even murderous, particularly for the poor and the vulnerable. And in the more likely case where we move slowly, the impacts will verge on catastrophic. † Maximum contribution towards environmental degradation comes from industrialized countries as about one-half of all greenhouse gas emissions come from these regions. For example the United States produces about one quarter of the world’s greenhouse gases. (Harris, Paul: 2003) Climatologists suggest that average temperatures globally are expected to increase between three and ten degrees Fahrenheit by the next century. They also predict that climate change will also cause new problems because of a persistent degradation of our ecosystem. Rising sea levels, severe natural disasters such as hurricanes, drought, floods, air pollution, spread of diseases like malaria and cholera and other environmental disasters are all negative consequences of global warming. (Smith, Daniel S. : 2001) Some scientists have even predicted that human activities and increasing greenhouse gases will make the Earth so warm that the inhabitants will be unable to adapt to the changing climate. â€Å"The predicted results of this warming include melting of the polar ice caps, flooding of coastal cities, massive extinction of species, and the deterioration of civilization as we know it. † (Parsons, Michael L. :1995) Increasing globalization and man’s desire to accumulate more and more profit has also played a major role in harming the environment. Increased use of energy has resulted in a widespread increase in greenhouse gas emission from fossil fuel use and this has resulted in an increase in global warming. If humans don’t take any action, global warming will continue to increase. â€Å"The Environmental Protection Agency estimates that basic changes in personal consumption, mostly in the realms of electricity use, climate control, and transportation, can reduce the average American’s carbon emissions by roughly one-third, from 15,000 to 10,000 pounds per year. Further reductions can be achieved through changing consumption patterns of food and consumer goods, neither of which is included in those calculations. If combined with more efficient technology, this sort of realignment of priorities would substantially reduce the threat of global warming, as well as variety of other environmental problems. † (Smith, Daniel S. : 2001) Mankind’s level of water consumption is also constantly on the rise and it is predicted that water shortage may become mankind’s biggest problem in the twenty first century. It is estimated that up two thirds of the world’s countries will face moderate to high water shortages by 2025. This accompanied with increasing air, water and waste pollution due to extensive industrial development has further deteriorated our environment. Greater use of fossil fuel and biomass burning and land clearing have led to a increase in nitrogen that has in turn, diminished the absorptive capacity of natural system. While the above evidence demonstrates mankind’s contribution to environmental deterioration, there are supporters who insist that man has played such a negative role. They feel that there hasn’t been such a major impact on the environment to begin with and that the consequences have been exaggerated to a large extent. Those who support globalization and deny its negative impact on the environment feel that economic progress is closely linked to environmental performance but in a positive manner. They feel that it is in fact economic prosperity that may lead to a cleaner environment. The logic behind this argument is that by adopting new and improved technologies, industries will have a less harmful impact on the environment and economic progress would enable countries to bring changes into their mode of operation and save the environment from harm. (John, Detlef). On the other hand a report by by the Working Group on Development and Environment in the Americas (U.S, Mexico, Brazil, Argentina, Chile, Costa Rica and El-Salvador) shows that industrial development and globalization has caused severe damage to the environment and highlights that the Americas now have growing problems with air, soil and water contamination as a result of globalization, urbanization and modernization. (Schalatek, Liane: 2004) Human activities have destroyed our natural habitat, have resulted in accelerating global warming and have contributed to air and water pollution. The amount of greenhouse gases being emitted today is sufficient to cause considerable damage to the environment. The ozone layer is being depleted continuously, a number of pesticides and other organic pollutants have been spread globally endangering hormonal balances and the immune system in man and animals. Increasing dependence on natural resources has resulted in a rapid depletion of tropical forests and fisheries. Many regions are facing problems of water shortage, resource depletion, climate change; risks from biological agents etc. (Dahl, Lynn: 1998) There has been a decline in plants, animals, insects and birds. According to the UN, the current extinction rate is up to 1000 times faster than in the past. It is estimated that around 844 animals and plants have disappeared in the last 500 years. â€Å"The global demand for biological resources now exceeds the planet’s capacity to renew them by 20%†. (Adam, David: 2006).

Smooth talk Essay Example | Topics and Well Written Essays - 500 words

Smooth talk - Essay Example Critics cannot seem to decide whether Connie has had seen the devil, or simply been seduced and murdered by a psychoanalytic intruder. While or these have merit they leave the reader with too many unanswered questions, why should girl who willingly sacrifices herself for the family be condemned. If Arnold is not a supernatural figure but a psychopath tic killer, why desolates he does not simply abducts Connie when she declines to go with him? The question has never been answered satisfactorily; following Oates’s cue by interpreting film in relation to the death of the maiden may provide insight into the story. However, Oates gives the fatal attraction of death and the maiden overtones of erotic romance of a particularly American overtone that soon become violent. Death usually, a frame of some explains the dance and where it is in eschatological context: the dying are to be judged, although death and maiden has a life by its own as a literary and artistic motif. Basel paintings represent finely dressed, long-haired young lady who is gazing into her mirror when she sized by a running male figure. Initially, Arnold friend is nothing more to Connie than a mirror for her vanity, and by the fact that Oates wears metallic spectacles that mirrored everything in miniature. If Arnold friends intend to represent the death figure from the ancient dance of death, it is not surprising he resembles not only a seducer, but a devil and a trickster. Christa explains the mask worn by the death figure reflects in some way the living person intends to lead to grave. Such illustrations suggest a guise assumes that death is a projection from the mind of the other victim (Rubin and Larry 57). Connie’s destination is not a place, but its union with death, she indicates that when she first sees him was in a restaurant. Christine realizes he appears older than he

The Minimum Wage Should Not Be Abolished Essay Example | Topics and Well Written Essays - 750 words

The Minimum Wage Should Not Be Abolished - Essay Example This discussion examines the benefits of raising the minimum wage not only for those workers who would gain monetarily but to employers as well and ultimately, the economy as a whole. Currently, the minimum wage stands at $7.25 which was increased from $5.85 per hour in July of 2009. This modest increase put minimum wage earners near the poverty line, about $16,000 for a family of three (Poverty Guidelines, 2006). The minimum wage had not been raised for seven years previous, the longest time span since the law first went into effect in 1938. This decline in the real value of the minimum wage over that seven years translated into lower real wages for millions of workers and contributed to the income gap between poor working families and the middle class. Raising the minimum wage allows those who make minimum salaries to keep up with inflation. It also helps those that need it the most such as single mothers and minorities. In addition, it will cause a ‘ripple effect’ in that wages will also increase for those that make just above the minimum. In 1968, a full-time employee who earned the minimum wage made what would be â€Å"the equivalent of $15,431 today, 44 percent more than today’s full-time minimum wage worker† (Lee, 1999, p. 1016). ... decreased by 20 percent since September 1997.   â€Å"The minimum wage still equals only 31 percent of the average wage for private sector, non-supervisory workers†¦ the lowest share since at least the end of World War II† (Bernstein & Shapiro, 2006). Some of those who oppose the increase have suggested that the dominant wage earner of families does not fall into the minimum wage category, that it normally applies to teenage summer workers. This assertion is not at all the case. The Economic Report of the President evaluated the evidence in 1999 and found that that this argument was indeed untrue stating in its report, â€Å"most minimum wage workers are adults from lower income families, and their wages are a major source of their families’ earnings† (Council of Economic Advisors, 1999, p. 111). Opponents also argue that raising the minimum wage will hurt the economy but, unlike the effects tax-cuts for the wealthiest Americans have on the economy, when t he poorest in society have extra income; they spend it on the necessities of life thus directly stimulating the local economy. Employers generally oppose increasing the minimum wage. Their claim is that they would be forced to lay-off employees to cover the extra costs. This claim, however, has been proven to be unfounded. On the front-end, employers may indeed pay more to their employees after a wage increase but, as evidence indicates, the increased costs to employers are usually compensated for by benefits. For example, employees who make a wage that allows their families to subsist, rather than not, are less likely to secure other employment which reduces the employer’s employee turnover rate thus reducing additional training and recruitment costs. It also results in a decrease in absenteeism as well as higher

Negligence Case Study Example | Topics and Well Written Essays - 750 words

Negligence - Case Study Example does not have a policy of requiring a background check on persons hired for any positions with ABC Properties, Inc. In addition, when you investigate Rob's background you find that Rob has a criminal record including convictions for robbery, sales of narcotics, and attempted rape. Mary wishes to sue ABC Properties, Inc. for damages as a result of the assault on a negligence theory. Negligence may be defined as intentional or unintentional breach of duty one is obliged to perform under existing laws. Under the United State of America laws, negligence is equivalent to tort. A tort is a private or civil wrong or injury, other than breach of contract, for which a court of law may provide a remedy through a lawsuit for damages or payment of compensation. When a person violates his/her duty to others created under general or statutory law, a tort has been committed ("What is a tort) In order for tort to exist, four elements must exist namely: 1) the existence of a legal duty owed by a person to others; 2) the breach of the duty by one person (negligence); 3) the breach of the duty being the proximate case of damages suffered by a person; and, 4) damages incurred by a person. Each of the four elements of a tort typically must be present to be compensated ("What is tort"). An example of compensable negligence is negligent hiring. ... parties to actions which can create legal liability ('Negligent hiring practices"). In the United States of America, an employer is obliged to take several measures before hiring an applicant ("Negligent hiring"). The most important of these measures is to conduct a background check and references to determine whether the applicant has a criminal record or has a dangerous or untrustworthy character. If an employee performs a violent or criminal act while working, such as rape, murder, or robbery, the employer can be held liable for torts for negligent hiring if it will be found out that he/she did not exert effort to perform the required obligation to conduct a background check before the employee who caused the unlawful act (Employer Liability for Employee's Bad Acts). In this case, it is very evident that the employer was negligent in hiring Rob as an employee and holding a key position in the company. First, the employer did not perform a background check that is required for him to do under the US laws before hiring Rob. Should he have conducted a background check, he should have found out about the criminal record of Rob and probably, could not have accepted him in the company. And should Rob was not accepted in the company, he will not have any access in entering the room of Mary, thus, the crime committed against her could not have been possible done. The four elements of tort were all consummated, therefore, Mary have a cause of action for negligence against ABC Properties Inc. Works Cited "What is tort". FreeAdvice.com. (Online). Retrieved on February 8, 2009. Retrieved from "Negligent Hiring Practices". Northern Arizona University. (Online). Retrieved

STRATEGIC OPERATIONS MANAGEMENT(EBUs602) ASSIGNMENT Essay

STRATEGIC OPERATIONS MANAGEMENT(EBUs602) ASSIGNMENT - Essay Example By reducing the order delivery time, they will decrease fluctuations as well as costs and inventory levels (Wangphanich, Kara, & Kayis, 2010: p4508). P&G then turned their attention to POS purchases at their main distributors and retailers to track ordering trends and preferences respectively. Using a point-of-sale system will allow P&G to identify trends and improve communication along the chain of supply (Wang et al. 2012, p. 120). P&G also sought to get the main retailers to reduce their order sizes relative to demand. Ordering according to the needs of the consumer, rather than to stock, will aid P&G in attenuating the impact of the bullwhip effect (Wangphanich, Kara, & Kayis, 2010: p4509). P&G then utilised the improved communication and forecasting to maintain consistency in price. This will prevent increased ordering when prices are low, lessening the bullwhip effect (Wang et al. 2012, p. 120). Other approaches that P&G could have taken include: Portfolio planning, in which th ey could diversify the distributor base into a group that is on long-term contract terms to meet the major demand, and others on short-term contract terms to cover any increase in demand (Gupta & Mishra 2012, p. 27). Postponement, in which they would delay delivery of the product to their distributors until they have reliable information on demand (Gupta & Mishra 2012, p. 28). Q #2 The demand–supply gap at Cisco occurred for a number of reasons: When supply is exceeded by demand, the manufacturers such as Xilinx produced more components for the consumers, who may have ordered more products than required to generate profit. After supply caters to normal demand, orders may be cancelled, which results in unwanted inventory (Thompson & Liang-Chieh 2012, p. 120). A gap between demand and forecasting may also have caused the demand–supply gap, especially if Cisco’s planning team forecasted demand through extrapolation of demand at present. Small fluctuations result fr om long lead-time extrapolation, which ends up having a huge impact on the demand–supply gap (Akkermans & Voss 2013, p. 770). Use of batch orders for small and frequent orders may have been made to reduce storage costs or logistics. This could result in increased demand variability compared to supply (Thompson & Liang-Chieh 2012, p. 121). Price fluctuations due to anticipation that there will be a price increase could have led to items being stocked up to capitalise on low prices. This leads to variation between supply and demand (Akkermans & Voss 2013, p. 771). These arrangements could have resulted in a pileup of Cisco’s inventory, as forecasters did not notice artificial inflation within their projections. Since many of the company’s clients ordered similar products from competitors so as to close the deal with the company that delivered on their orders first, Cisco’s demand forecasts were inflated by triple and double orders (Thompson & Liang-Chieh 20 12, p. 121). Their supply chain management system was unable to indicate the increased demand. This was representative of overlapping orders, leading to a vicious cycle of demand that was inflated artificially, increased costs, and poor communication along their chain of supply (Akkermans & Voss 2013, p. 771). For these reasons, it is clear that the biggest problem had to do with poor communication across the chain of supply. To counter this, Cisco integrated an

Strategic Leadership in a Changing World Essay Example | Topics and Well Written Essays - 1750 words

Strategic Leadership in a Changing World - Essay Example This problem largely known as â€Å"hole in the middle† problem in the study and the theories provided by Garry Hamel and Michael Porter tries to explain this phenomena existing in the markets (Baker 2005). The approaches and perspective of the two strategic management strategy theorists enhanced the management diversifications in organizations. This mainly required the adoption of new techniques and new ways of thinking taking into consideration the changing marketing and the level of the competition in the various markets (Schindehutte 2008). Garry Hamel approach in regard to the paradox of markets is the adoption of the marketing management strategy that was more interactive and active. From this approach he asserts that in the management of competition in the markets as well as the maximum utilization of resources the aspect of strategic architecture and strategic intent must be introduced. This provided the importance of managers and organizational leaders in regard to co mpetence (song Cho 2000). The two concepts also gave and hint on how it can perform better in terms of competitive advantage in contrast with other companies the market. Michael porter in regard to the paradox of the market was the introduction of the various concepts notably the five forces analysis and the generic strategies (Kelly 1998). The detailed interaction process underlying this was that there was need for the organizational management and leaders to enhance the following. First is to enhance minimization of costs, focus on the market strategies where a company or organization operates and finally enhance product differentiation strategies (McGivern 1997). Michael Porter Approach on Market Paradox Michael porter approach on the market paradox in regard to the markets and resources is based entirely on the organizations or the firm’s competitive nature. He asserts that the dynamism and the change in the markets is increasingly becoming a major area of concern to the economic theorist, practitioners and policy makers (Baker 2005). Therefore Michael porter gives and explanation regarding this on a re source based perspective and the market process economics (McGivern 1997). The two porter’s perspective gives explanation on the similarities and the relations which is important in the evaluation of the dynamics and the changes on the market behavior (Kelly 1998). Porters approach is considered popular in regard to this because of its clarity, feasibility and the complementarities of the resource based perspective and the market process economics. This approach is generally convenient in the explanation of the markets changes in its competitiveness as well as its strategies (Porter 2000). The question in this context is how firms and companies compete in the various markets and what the strategies that leaders and managers adopt. Porter asserts that there is need for the firms and management teams to understand the individual competitiveness as it this facilitates the formulation of policies concerning competition (Hamel 2012). These policies and the underlying strategies are essential in providing necessary support in developing markets and effective utilizing of resources (Schindehutte 2008). Therefore is addressing the issue of market paradox Porter focuses mainly on the identification of the most successful strategies that a firm in a market can adopt.

Read, The Master Builder by Ibsen Essay Example | Topics and Well Written Essays - 1250 words

Read, The Master Builder by Ibsen - Essay Example Ibsens the Master Builder was written during the late period of Ibsens life and reflects the more symbolic aspects of these works. Even as the Master Builder has been classified within the symbolic spectrum of Ibsens ouevre, his underlining realist prose reveals a number of direct themes. In examining the Master Builder a number of notable questions are necessary to consider within the context of the work. This essay examines the Master Builder, considering whether the story of Halvard Solness can be considered a tragedy, and whether the conclusion of the play is inevitable. In considering whether the story of Halvard Solness is a tragedy its necessary to consider the various aspects of his life that contribute to both sides of this argument. In the first act, Ibsens Master Builder begins through establishing the dynamics of the main characters. Ibsen indicates that while Rangnar and Kaia are scheduled to be married, Halvard is indicated to have a relationship with Kaia such that she is hesitant of her marriage to Rangnar because of her feelings for Solness. In addition to this relationship, Ibsen established one of the prevailing plot elements throughout the play – the need for Solness to approve Rangnars plans before Rangnars father Brovik passes away from his unspecified illness. In these regards, Brovik himself visits Solness to ask him for his aid to which Solness refuses to help. The reason Ibsen explores these narrative elements is to establish much of the complications regarding Solness life, as they point towards Solness living a duplici tous and somewhat morally unstable existence. They also demonstrate that Solness has had a number of elements in his life that have had a positive effect. For instance, Brovik states, â€Å"that did not prevent you from setting to work – and pushing your way up and taking the wind out of my sails – mine, and so many other peoples† to which Solness responds, â€Å"Yes, you see – circumstances favored me†

The increase or decrease in CO2 emission Essay Example for Free

The increase or decrease in CO2 emission Essay Purpose The purpose of this report is to determine the increase or decrease in CO2 emission over the past 40 years. Showing that human activity is the reason for the altering of the CO2 emissions to the earth. Resulting in the unbalancing of ecosystems across the globe. (M.U.S.E., 2010) Introduction Carbon dioxide is naturally present in the atmosphere as part of the Earths carbon cycle. Yet human-related emissions are responsible for the increase in CO2 emissions. The use of electricity accounts for 37% of total U. S. emissions, while transportation 31%, industry accounts for 15%, residential and commercial 10%, and other non-fossil fuel combustion 6%. That is 99% of the total globe greenhouse gas emissions. Carbon dioxide (CO2) emissions in the United States increased by about 7% between 1990 and 2013. (EPA, 2015) Not leaving out pollution also a contributor of increases in anthropogenic CO2. These things are the cause of the earth heating up, or global warming. Trees and plants help soak up the CO2 in the atmosphere but with the tearing down of trees to build industry buildings, residential and commercial buildings there are fewer trees and plants to take in CO2 for photosynthesis. Hypothesis and Predicted Outcomes If humans could find other resources that do not involve the combustion of fossil fuels, maybe there could be a chance to slow down the increasing CO2 emissions, if not the globe will continues to heat becoming more and more hazardous to humans, animals and plants on this planet. Methods For this lab I utilized information taken from the M.U.S.E as well as  information gleaned from the Environmental Protection Agency (EPA). Discussion and Analysis Looking at the above chart it seems that within the 15 years from 1990 to 2014 there has been a big jump, but thinking about the last 40 years there has been a greater increase. As each generation of new industry products have come on the scene as well as more residential and commercial projects that have been generated, we tend to continue to add to the CO2  emissions problem. The auto industry is endeavoring on becoming more energy conscious by developing hydro vehicles. Like the auto industry it would be a good thing if more companies and families become more conscious of what is happening to our world. This can only happen through education and programs to stop global warming. References Career Education Corporation, (2015). Lab 3: Earth System Research Laboratory: Global Monitoring Division. Retrieved June 7, 2015 from M.U.S.E. https://campus.ctuonline.edu/courses/SCI1203/p1/hub1/hub.html EPA. (2015). Overview of Greenhouse Gases Carbon Dioxide Emissions. Retrieved June 7, 2015 from http://www.epa.gov/climatechange/ghgemissions/gases/co2.html

Gambling legalization Essay Example for Free

Gambling legalization Essay Gambling is the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize). (Oxford dictionary) Many have their own opinions about gambling and at this time gambling is not legally practiced here in The Bahamas. â€Å"Such a move would bring an end to an illicit industry that makes tens of millions of dollars a year and which employs hundreds; but which contributes little to the general good of the Bahamian people. † (The Bahama Journal 2008). There are many aspects of gambling that can indeed be looked upon positively. â€Å"Gambling comes in many forms, including betting in casinos, racetracks, sporting events, lotteries, bingo games and even virtual gambling on the Internet† (Oddo 2007) Gambling should indeed be legalized, because it will help our economy and society in many ways. If gambling is practiced it’ll give persons with idle time on their hands, something to do and it can also boost our tourism industry. The legalization of gambling here in The Bahamas will lead to an increase in the Bahamas’ Gross domestic Product (GDP), an increase in employment, and finally it can contribute to our entertainment industry. The legalization of gambling would be of grave benefit for our Government as it relates to the Gross Domestic Product In an article titled ‘Legalizing gambling in The Bahamas’ written by Craig Butler his argument for gambling was that the Prime Minister Rt. Honorable Hubert Ingraham should enforce gambling and put an independent company of auditors to oversee this new development. â€Å"If gambling is to be legalized then he must cause the infrastructure to be put in place that will avoid the inevitable attempts at tampering and manipulation by ingenious persons. † (Butler 2008). Once this takes place the Government will be able to implement a taxing system with our own internal revenue service (IRS) so that a certain percentage of the money i. e. twenty five percent will go to the Government in result more money would be spent on more capital goods, meaning more school’s will be built and more work infrastructure on our roads will be carried out. In America, Statistics show that approximately 92. 27 billion dollars comes from gambling on a yearly basis. If this same scenario would apply to us here in The Bahamas that will mean that gambling would be of benefit to our revenue and finance sector. Some believe that legalizing gambling would only allow the Government a free share of the money, and that share will only be spent on their own needs. They will use this money to purchase more cars for them to be chauffeured around in, to have more ‘business’ dinners for themselves, and to spend on five day trips all around the world and the economy won’t feel a dime of it. They are partially right because most people are used to politicians being voted in the House of Assembly and never coming around to visit their constituents, therefore they lack the trust in believing that the Government will deliver once they start to receive the percentage of winnings. However, they are misguided because the Government forecasts a certain percentage of money to go into capital goods every year during the budget and the normal percentage that is set aside for education and health care can rise and can be use more significantly. â€Å"But the legalization of this habit will not lead to an exponential rise in the number of gamblers. It will, however, allow government to fund programmes that can have a positive impact on our youth, such as community centres, sports and education facilities. † (Butler 2008) Mr. Butler makes it evidently clear in his analysis in the Bahama pundit that if the Government had the extra funds they would use it wisely. For example, there’s now a system set up by National Insurance for the unemployed. The unemployment benefit pays 100 dollars a week to those unemployed and if the Government receives more money this can to go up. Not only Bahamians will be getting taxed but foreigners as well. Therefore all of the foreigners that are here now using our casinos and going back with everything, would have to leave that twenty five percent tax fee for the government. Legalizing gambling would also lead to a decrease in the unemployment rate. In an article entitled ‘Gambling Entertainment’, it states that â€Å"The large percentage of employment provided by the Gambling industry, including the land based casinos as well as the Online casinos, puts gambling industry on the top of society chart straight away. † Having gambling legalized would automatically mean that employment will increase. At present Gambling is in the ‘underground economy’ mark when it comes to calculating the unemployment rate. Since it’s illegal workers are considered to be employed, however legally they’re counted as unemployed when it comes to the unemployment rate. In an article written by Olivia Saunders, Saunders illustrated the unemployment rate in a diagram that showed an unemployment rate of 7. 8 percent. Out of this 7. 8 percent count are the people that are already presently working for number houses, if we legalize gambling that rate would automatically decrease. Many are lead to believe that legalizing gambling won’t decrease the unemployment rate, because there are already a substantial amount of lottery houses opened already and there are still many unemployed, it’s impossible for this to help our unemployed, and even if it does, it won’t completely take care of the problem. They are partially right because legalizing gambling won’t lead to a complete decline in the unemployment rate, and it won’t be able to employ everyone without a job, however they are misguided because it will help tremendously. Legalizing gambling means that more lotto shops will be able to open, not only in Nassau but also on the family islands which will attract more tourists. Therefore they’ll need more staff, this will also lead to more casinos and more people will be hired in many different aspects. For example they’ll need cleaners, cashiers, coupe and hostesses. The real truth is there are many different aspects in our economy that contributes to the unemployment rate both increasing and decreasing and this rate can never be steady. However once gambling is legalized and there are more venues opened then it’s a necessity to hire people to work in them, and these people will then count towards the unemployment rate and it’ll then decrease. Finally the legalization of gambling can be used as a sport and a form of entertainment. The only form of gambling is not purchasing numbers from the lotto shops as some Bahamians are blindsided to believing, however it is also a sport. There was once a horse racing venue that was used as a sport over here in 1976 but had to leave because gambling wasn’t legal. Legalizing gambling would allow this form of entertainment to once again be practiced. In a journal named ‘Gambling The cost of our future,’ it indicates that ‘Those who participate in gambling activities do so voluntarily and, in return, receive intrinsic benefits from their consumption. Furthermore, if consumers are gambling for entertainment purposes, they are purchasing gambling just as they would purchase tickets for the cinema or a symphony. † (Basham, White). This statement raises a thoughtful argument because gambling is indeed a risk however this risk is on the same level of buying a cinema ticket and you’re not sure if the movie will play or a symphony and you’re not sure if you’ll enjoy it. Opponents believe that having gambling as sports can only lead to more financial problems for an unstable financial home. They may argue that gambling is an addictive game and some families aren’t ready for the strain that this addiction entails, and some people may be willing to do anything to satisfy this addiction like commit robbery. Gambling addiction is also referred to as compulsive gambling or pathological gambling. Medical Author Roxanne Dryden-Edwards raise a valuable point in her article ‘Gambling Addiction’ stating that â€Å"The number of people who gamble socially qualify for being diagnosed with a gambling addiction range from 2%-5%, thereby affecting millions of people in the United States alone. † (Dryden- Edwards) Some may debate that If The Bahamas population is only 316,000 compared to the United States, then our percentage will be more harmful if gambling is practice. But they are misguided because this entertainment and sport may not be addictive but relatively fun and exciting and a good family event for most, even though there may be some bad apples the pros may outweigh the cons. The real truth is that almost everything we do as a form of gaming exercise is pleasurable and having more opportunities will make gambling more enjoyable. The Government can also implement a system so that gamblers that develop the addiction can be fully taken care of and receive psychiatric help called Gamblers Anonymous’ (GA). According to the the 12 step recovery program statistics â€Å"Of those in their fourth month of AA meeting attendance (i. e. have stayed beyond 90-days) 56% will still be attending AA at the end of that year. † (Holding all others constant if this system is practiced here with addicts treatment will be beneficial. In conclusion, gambling can contribute to our economy significantly. Many feel as though gambling will cause more harm than good, however if it’s practiced correctly and everyone abide to the laws that would be put in place, gambling will be more than just an easy way to win a substantial amount of money it’ll be a form of entertainment for many, it’ll be a sport that can be family orientated and finally it can be a way for our economy to jump back into the expansionary boom period and no longer claim that we are in a recession. Works Cited Gambling: http://wordnetweb. princeton. edu/perl/webwn? s=gambling Gambling Revenue: Current year data, Fact Sheets Statistics. 2003 American Gaming Associations http://www. americangaming. org/Industry/factsheets/statistics_detail. cfv? id=7 Saunders Olivia. ‘Unemployment in The Bahamas’ Gambling Entertainment. 2006 Royal World Casinos http://www. royalworldcasino. com/gambling_entertainment. html Oddo, Alfonso. The Economics and ethics of casino gambling. Review of Business. March 22, 1997. http://www. allbusiness. com/specialty-businesses/653985-1. html Patrick Basham and Karen White. Gambling with Our Future? The Costs and Benefits of Legalized Gambling. http://oldfraser. lexi. net/publications/digital/gamblingwithourfuture. pdf http://www. bahamapundit. com/2008/02/legalizing-gamb. html http://www. jonesbahamas. com/? c=128a=15872 http://www. medicinenet. com/gambling_addiction/article. htm http://www. 12step. com/statistics. html.

The Domestication Of Wild Animals History Essay

The Domestication Of Wild Animals History Essay The Fertile Crescent has been called the Cradle of Civilization for many years. The Cradle of Civilization is the key to understanding when the human population began to thrive and create villages, cities, and ultimately states. Without the domestication and cultivation of the land there would have never been enough food to support such a dense population of people. Hunting and collecting entirely from the wild could not possibly support even a tiny fraction of the worlds current population (Bellwood, 1). There were seven core domesticates in the Fertile Crescent, they include sheep, goats, pigs, cattle, emmer wheat, einkorn wheat and barley. All of these species were domesticated and had an important role in the Fertile Crescent throughout the two millennia emergence of agrarian societies between 10000 and 8000 B.P. We can best understand the events of this period by first focusing on the developmental history of the individual species of animals and plants that were brought under d omestication, and then combining those individual histories into the more complex overall story in the emergence of the agriculture in the region (Smith, 51). However due to the confines of this paper we will take an in depth look at the animals domesticated in the Fertile Crescent. The story of the Fertile Crescent starts before the emergence of the hunter- gatherers, who were ravaging the forests and grass lands. By 10000 B.P. the beginning of the 2000 year period that would witness the development of agriculture, human societies had taken advantage of the post-Pleistocene proliferation of plant and animal resources, and the Fertile Crescent was inhabited by a diverse array of hunter-gatherer societies (Smith, 51). The Pleistocene era had ended with a much warmer climate that also brought a much moister climate to the area. This climate change was one that favored the wild annual cereal grasses (Sagan, 249). Also it allowed the sparse movement of hunter-gatherer groups to move in to the area. It was there that they discovered that a more sedentary lifestyle produced more of a surplus of food and then that of foraging. The Fertile Crescents environmental zones are keys to understanding the development of the domestications of the animals (and plants). There are three main environmental zones involved in the origin of cultivation in the Fertile Crescent. The eastern section of which comprises the foothills and margins of the Zagros Mountains (Maisels 133). The central or the north is mostly made up of the broad rolling grasslands. And lastly, the western section whose central axis is the important Levantine corridor and Jordan Valley (Smith, 51). There were many changes that occurred due to the domestication of animals (and plants). These changes were many times become genetic due to the consistent selection of the more adequately produced products. In wild grains, the axis or rachis is brittle, which allows the grain to reseed itself easily. Selection of the grains was at first an accidental by-product of harvesting, and later intentionally, the people selected grains in which the axis was tougher, allowing less grain to fall to the ground, thus raising yields (Sagan 247). They also selected plants that were more easily husked. The people used the same natural selection process when choosing livestock. They selected woolly animals from among wild sheep, which are not normally woolly, thus acquiring sheep better suited to lowland heat and from which to obtain wool. Fossil remains indicate that the domestication of the sheep and goat was accompanied by a decrease in the size of the animal. The animals domesticated in the Fertile Crescent were a key to the development of the humans in the area. The readily available source of meat aided in the functions of the brain, which led to the ability to think more complexly and creatively. The brain is fueled by protein therefore with more protein in the diet the mind began to develop more completely. Thus the importance of the domestication of the animals to the human race, without having to hunt for the meat they were getting a more readily available source of protein (Wilkinson 139). The Persian wild goat has been recognized as the ancestor to the first domesticated goat. The Persian wild goat tends to be found in the more rugged terrain. It is in the eastern section of the Fertile Crescent that we find the most evidence of goats being hunted for their meat. Specifically at the site of Ganj Dareh, which was excavated in 1970s, which found at the lowest level, which dates back to 9000 B.P. contained approximately 5000 identifiable goat bones (Old Goats). Brian Hesse of the University of Alabama at Birmingham studied these bones. He used a new analytical technique to try to piece together evidence of the domestication of goats. Hesse theorized that a domesticated herd should have two clear distinguishing characteristics: (1) a large percentage of animals slaughtered for meat late in their immaturity, when they had attained much of their adult size; (2) an adult breeding population in which females far outnumbered males (Smith, 60). Through complex measurements of t he bones discovered at Ganj Dareh, Hesse discovered that the males were being killed before they reached adult hood and the females overwhelmingly stood for most of the population. This stunning breakthrough specifies that an age and sex profile that closely agrees with that of a herd of domesticated goats managed to provide meat (Old Goats). Clear demographic evidence appears to indicate that goats were domesticated at Ganj Dareh as early as 9000 years ago. The increase of the proportions of goat bones among the animal remains is an indicator to the shift to goat herding. Wild Sheep were the second animal to be domesticated in the Fertile Crescent. The wild ancestor of domesticated sheep ranged throughout much of the Fertile Crescent. A large amount of evidence of wild sheep can be found in the central region (Sagon, 245). There is much data to indicate that the wild sheep was not an important prey in the areas of Levant. There is, however, evidence showing that the sheep were a prey in Jericho that date wild sheep back to 10000 to 9500 years ago (Wilkinson 149). The degree to which the hunter-gatherer societies in different parts of the Fertile Crescent relied on wild sheep for food parallels the animals abundance in their local environments 10000 to 8000 years ago. The wild sheep were most were most abundantly discovered in the central region. This is probably why around 8500 B.P. sheep were first domesticated in the central area of the Fertile Crescent. There, the land is better suited to the wild sheep thus they were a more common target for hunte rs in that area, leading to the domestication of the sheep. With the change from being wild to being domesticated, the sheep, according to the fossil record, got smaller due to the selection process of the humans tending to the animals. It is in the apex of the Fertile Crescent that sheep herding first became an important component of agricultural economies (Smith, 57). The pig was, as far as we know the third animal to be domesticated. Wild pigs were greatly hunted in the northern part of the central region. Facts have lead archeologist to date the bones of the wild pigs to 9000 B.P. The pigs continued to be a substantial part of the diet of the people in this northern area of the Fertile Crescent, even after the shift to the herding of sheep and goats (Sagan, 243). The site of Cayà ¶nà ¼ tends to be the marker for the earliest domesticated pig, in the vicinity of 8500 years ago. There have been some tentative theories that approximate the domestication of pigs to be closer to the date of 10000 B.P. (Smith, 67). It is Richard Redding who proposed this theory, which the bones of the pigs at Hallan Cemi, strongly represent the ages of bones of a possible herding community of pigs. However since we know nothing about the ages of the pigs that the hunters targeted we have no basis for making the claim that the pigs at Hallan Cemi were indeed domestic ated and herded. For now it remains unverified but the alluring prospect that pigs were domesticated much before the evidence now shows. Cattle were probably the last and least important of the four main animals that were domesticated in the Fertile Crescent. The ancestors of domesticate cattle were probably considered to be a dangerous pay due to the size of the animal. However, it was also a significantly large package of meat. The area in the Levant and Jordan Valley has dated wild cattle bones to approximately 9000 to 8000 years ago. Like the pigs the cattle had an exceptionally large geographical range and extended far beyond the Fertile Crescent. There has been clear documentation of a pattern that shows the reduction of size in the cattle between 8000 and 7000 B.P. While cattle may show to be of little importance to the region between 10000 and 8000 B.P. it later became the dominant species of the market (Smith, 56). Now that we have looked at the individual histories of the animals of four of the seven core domesticates of the Fertile Crescent we see many patterns are emerging. The four species share common lines of evidence that include; geographical range, increase in abundance, reduction in size and change in age/sex profiles (Smith, 67). This evidence has led to the indication that these histories were distinct and still follows the same indication of domestication. The goats were domesticated in the earliest portion of the period, at around 9000 B.P. Then the sheep, pigs and cattle soon followed after approximately 300 years after the domestication of the goats. After the domestication of animals (and plants) the small villages began becoming states, they were becoming more and more like a modern day civilization. The early stages of food production in the Middle East were marked by gradual transition from foraging to producing economies. Many changes were caused by the production and cultivation of food. Such changes include population increase, which caused the resulting migration and forced other areas to respond and begin their own cultivation of their resources. Also, there had been a gradual population increase; this was based on the native richness of the environment, which helped spur the spread of food production (Maisels, 140). On the other hand, in the Tigris-Euphrates alluvial plain, cultivation required irrigation, which began around 7000 B.P. and changed the world of farming. Irrigation allowed farming to spread away from the normal areas that were close to the riverbanks, by bringing the water away from the riverbanks the cult ivation began to strive. By 6000 B.P., irrigation systems had become far larger and more complex, and were associated with a new political system. This new establishment was based on central government, extreme contrasts of wealth, and social classes, the beginnings of the state (Wilkinson, 141). The written and archaeological record indicates that the early Mesopotamian states were city states (Sumer and Elam), ruled by a literate theocracy that managed virtually all major aspects of the economy, which was overwhelmingly agrarian. The theocracy was replaced by 4,500 B.P.; it was replaced by a secular, military monarchy, based upon an elaborate class system (Sagon, 300). Thus ended the revolution of modern humans in the world of cultivation we now knew use the animals (and plants) to our advantage. As time continues to slip by we find more and more ways to maximize the products we get from the domestication of animals (and cultivation of plants) (Sagan, 248). To sum everything up Southwest Asia was inhabited by small groups of hunter-gatherers. These groups, due to the climatic change, became more and more sedentary and begin to develop a source of food production. This production of food came from the domestication and cultivation of plants and animals. The herded animals provided a constant source of protein in their diet and allowed for the hunters to expend their energy in other areas of life. The cultivation of the plants allows for a reliable supply of grains in their diet. This made the people of this time able to support larger families, which turned into villages, cities, and ultimately states.

Management Planning and Ethics Essay -- Morals Ethical Managing Essays

Management Planning and Ethics The recent breakdown in trust resulting from the lack of character of some leaders in corporate America should cause less finger-pointing and more serious introspection. These leaders are not from outer space, here to impose some alien standard of conduct, but came from among us and as such, reflect attitudes and values that we have lazily slipped into. The tendency is to punish the â€Å"evil-doers† and move on confidently in the knowledge that the problem has been solved. Certainly there should be a punishment and one sufficient enough to give all of us pause when considering giving in to expediency, but if we are to â€Å"solve† the problem, the incentive is on us to look at ourselves and shore up our own character where we find it lacking. It isn’t a problem of an approach that backfired because it wasn’t given enough time to run its course, it was that an approach was taken that was wrong. Betraying the trust of those you serve even for what is considered to be a desirable end sought by all parties involved can only hurt everyone connected to the expedient course of action taken. The expedient course is rarely the best course and in the end it taints us. As English poet Robert Southey noted, â€Å"Never let a man imagine that he can pursue a good end by evil means, without sinning against his own soul. The evil effect on himself is certain† (www.questia.com) In a less stable world, a leader will rely more on inner resources than on the shifting sands of social convention. If those inner resources are not built on a solid foundation then that leader will only contribute to the problem rather than stand as a guiding beacon and provide the direction we need. Certainly, the underlying reason for business is to make a profit, but if it can’t be made honestly, then it can’t be made. Expediency may lead to short-term gain but long-term success can only come from a commitment to doing what is right even when that course of action may not seem to be in our short-term best interest. The 19th century U. S. Navy oceanographer Matthew Fontaine Maury rightly exhorted us that â€Å"where principle is involved, be deaf to expediency† (www.confederatenavalhistory.com). Failure to examine these issues in our own lives will create a pool of leaders destined to commit the same mistakes. The leadership of Spirit Riders Motorcycle Ministry rec... ...ns are accused of being hypocritical and they are soon denounced by social critics. Consequently, some leaders may fear sticking their necks out publicly to announce an ethics management program. The leadership of Spirit Riders Motorcycle Ministry utilized the ‘Six Pillars of Character’ developed by the Josephson Institute of Ethics in our strategic planning process. Examples of ethical values might include: 1)  Ã‚  Ã‚  Ã‚  Ã‚  Trustworthiness: honesty, integrity, promise keeping, loyalty 2)  Ã‚  Ã‚  Ã‚  Ã‚  Respect: autonomy, privacy, dignity, courtesy, tolerance, acceptance 3)  Ã‚  Ã‚  Ã‚  Ã‚  Responsibility: accountability, pursuit of excellence 4)  Ã‚  Ã‚  Ã‚  Ã‚  Caring: compassion, consideration, giving, sharing, kindness, loving 5)  Ã‚  Ã‚  Ã‚  Ã‚  Justice and fairness: procedural fairness, impartiality, consistency, equity, equality, and due process 6)  Ã‚  Ã‚  Ã‚  Ã‚  Civic virtue and citizenship: law abiding, community service, and protection of environment References www.civil-war.net. Confederate States Navy Officers. Accessed on November 24, 2004. www.confederatenavalhistory.com, accessed on November 24, 2004. www.josephsoninstitute.org, accessed on November 25, 2004. www.questia.com, accessed on November 19, 2004. Management Planning and Ethics Essay -- Morals Ethical Managing Essays Management Planning and Ethics The recent breakdown in trust resulting from the lack of character of some leaders in corporate America should cause less finger-pointing and more serious introspection. These leaders are not from outer space, here to impose some alien standard of conduct, but came from among us and as such, reflect attitudes and values that we have lazily slipped into. The tendency is to punish the â€Å"evil-doers† and move on confidently in the knowledge that the problem has been solved. Certainly there should be a punishment and one sufficient enough to give all of us pause when considering giving in to expediency, but if we are to â€Å"solve† the problem, the incentive is on us to look at ourselves and shore up our own character where we find it lacking. It isn’t a problem of an approach that backfired because it wasn’t given enough time to run its course, it was that an approach was taken that was wrong. Betraying the trust of those you serve even for what is considered to be a desirable end sought by all parties involved can only hurt everyone connected to the expedient course of action taken. The expedient course is rarely the best course and in the end it taints us. As English poet Robert Southey noted, â€Å"Never let a man imagine that he can pursue a good end by evil means, without sinning against his own soul. The evil effect on himself is certain† (www.questia.com) In a less stable world, a leader will rely more on inner resources than on the shifting sands of social convention. If those inner resources are not built on a solid foundation then that leader will only contribute to the problem rather than stand as a guiding beacon and provide the direction we need. Certainly, the underlying reason for business is to make a profit, but if it can’t be made honestly, then it can’t be made. Expediency may lead to short-term gain but long-term success can only come from a commitment to doing what is right even when that course of action may not seem to be in our short-term best interest. The 19th century U. S. Navy oceanographer Matthew Fontaine Maury rightly exhorted us that â€Å"where principle is involved, be deaf to expediency† (www.confederatenavalhistory.com). Failure to examine these issues in our own lives will create a pool of leaders destined to commit the same mistakes. The leadership of Spirit Riders Motorcycle Ministry rec... ...ns are accused of being hypocritical and they are soon denounced by social critics. Consequently, some leaders may fear sticking their necks out publicly to announce an ethics management program. The leadership of Spirit Riders Motorcycle Ministry utilized the ‘Six Pillars of Character’ developed by the Josephson Institute of Ethics in our strategic planning process. Examples of ethical values might include: 1)  Ã‚  Ã‚  Ã‚  Ã‚  Trustworthiness: honesty, integrity, promise keeping, loyalty 2)  Ã‚  Ã‚  Ã‚  Ã‚  Respect: autonomy, privacy, dignity, courtesy, tolerance, acceptance 3)  Ã‚  Ã‚  Ã‚  Ã‚  Responsibility: accountability, pursuit of excellence 4)  Ã‚  Ã‚  Ã‚  Ã‚  Caring: compassion, consideration, giving, sharing, kindness, loving 5)  Ã‚  Ã‚  Ã‚  Ã‚  Justice and fairness: procedural fairness, impartiality, consistency, equity, equality, and due process 6)  Ã‚  Ã‚  Ã‚  Ã‚  Civic virtue and citizenship: law abiding, community service, and protection of environment References www.civil-war.net. Confederate States Navy Officers. Accessed on November 24, 2004. www.confederatenavalhistory.com, accessed on November 24, 2004. www.josephsoninstitute.org, accessed on November 25, 2004. www.questia.com, accessed on November 19, 2004.

Essay --

Phoenix Jackson’s Journey The character of Phoenix is the protagonist in the â€Å"A Worn Path,† written by Eudora Welty. She is proud, loving, and determined. You see Phoenix Jackson on her long and difficult journey to get medicine for her sick grandson. The story is told from the third-person point of view. Though she was faced with many obstacles on her journey to the city, through the devotion and love she had for her grandson we see what type of person she really is. Phoenix Jackson survives the great depression, which tells us that she is an older woman who is very wise, and maybe a little scattered. In the beginning of the story, Phoenix is on a journey, she walks slowly in the dark pine shadows through the pinewoods. The author introduces Phoenix, as an old black woman and the author writes, â€Å"Far out in the country there was an old Negro woman with her head tied in a red rag, coming along the path through the pinewoods† (183). The reason why she is taking such a long trip into town is because her grandson is very sick, and she needs to get medication for his throat. Despite P... Essay -- Phoenix Jackson’s Journey The character of Phoenix is the protagonist in the â€Å"A Worn Path,† written by Eudora Welty. She is proud, loving, and determined. You see Phoenix Jackson on her long and difficult journey to get medicine for her sick grandson. The story is told from the third-person point of view. Though she was faced with many obstacles on her journey to the city, through the devotion and love she had for her grandson we see what type of person she really is. Phoenix Jackson survives the great depression, which tells us that she is an older woman who is very wise, and maybe a little scattered. In the beginning of the story, Phoenix is on a journey, she walks slowly in the dark pine shadows through the pinewoods. The author introduces Phoenix, as an old black woman and the author writes, â€Å"Far out in the country there was an old Negro woman with her head tied in a red rag, coming along the path through the pinewoods† (183). The reason why she is taking such a long trip into town is because her grandson is very sick, and she needs to get medication for his throat. Despite P...

Presence of Exim Bank in Saarc Region

History of SAARC The concept of setting up a regional co-operational in the South Asian Region was first mooted by the late President of Bangladesh, Ziaur-Rahman on May 2, 1980. Before this, the idea of regional cooperation in South Asia was discussed in conferences of Asian Regional conference, New Delhi in April 1947, the Baguio Conference in Philippines in May 1950, and the Colombo Power Conference in April 1954. urther in the late 70s, SAARC nations agreed to create a trade bloc consisting of South Asian countries. The idea of regional cooperation in South Asia was again mooted in May 1980as a result, the foreign secretaries of the seven countries met for the first time in Colombo in April 1981. The Committee of the Whole, which met in Colombo in August 1985, identified five broad areas for regional cooperation.New areas of cooperation were added in the following years. Hence the South Asian Association of Regional Cooperation (SAARC) was created in 1985 with eight member countri es in SAARC namely Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka. It also has nine observers, namely China, EU, Iran, Republic of Korea, Australia, Japan, Mauritius, Myanmar and USA.The objectives of the Association as defined in the Charter are: * to promote the welfare of the people of South Asia and to improve their quality of life; * to accelerate economic growth, social progress and cultural development in the region and to provide all individuals the opportunity to live in dignity and to realize their full potential; * to promote and strengthen selective self-reliance among the countries of South Asia; * to contribute to mutual trust, understanding and appreciation of one another's problems; * to promote active collaboration and mutual assistance in the economic, social, cultural, technical and scientific fields; * to strengthen cooperation with other developing countries; * to strengthen cooperation among themselves in international forums on matters of common interest; and * to cooperate with international and regional organisations with similar aims and purposes. The principles of SAARC are: * Respect for sovereignty, territorial integrity, political equality and independence of all members states * Non-interference in the internal matters is one of its objectives * Cooperation for mutual benefit * All decisions to be taken unanimously and need a quorum of all eight members * All bilateral issues to be kept aside and only multilateral(involving many countries) issues to be discussed without being prejudiced by bilateral issues Economic Agenda of SAARC The main economic agenda of SAARC include: ) SAARC Preferential Trading Agreement (SAPTA) The Agreement on SAPTA was signed on 11 April 1993 and entered into force on 7 December 1995. The Agreement envisaged promoting and sustaining mutual trade and economic cooperation within the SAARC region through exchange of concessions. b) South Asian Free Trade Area (SAFTA) The Ag reement on SAFTA was signed on 6 January 2004 during the Twelfth SAARC Summit in Islamabad. The Agreement entered into force on 1 January 2006. c) South Asian Economic Union The Eleventh Summit (Kathmandu, 4-6 January 2002) provided further impetus to the regional economic cooperation to give effect to the shared aspirations for a more prosperous South Asia.At the Summit, the leaders agreed to accelerate cooperation in the core areas of trade, finance and investment to realise the goal of an integrated South Asian economy in a step-by-step manner. They also agreed to the vision of a phased and planned process eventually leading to a South Asian Economic Union. Economic Profile of the SAARC Member Countries In Afghanistan, real domestic product (GDP) is estimated to have reached 13. 9% in FY2007, owing to a strong recovery in agricultural production. Industry and services recorded dynamic growth of 13. 3% and 12. 4%, respectively. Construction was the main driver of industrial growth . In Bangladesh, GDP growth in FY2007 (ended June 2007) stood at 6. % underpinned by steady expansion in manufacturing and continued buoyancy in services, on the base of rising domestic and external demand. Secretariat of SAARC The Secretariat of SAARC is located in Kathmandu has been established on 16 January 1987 inaugurated by Late King Birendra Bir Bikram Shah of Nepal headed by a Secretary General. The Secretary General is appointed by the Council of Ministers from Member Countries in alphabetical order for a term of three-years assisted by the Professional and the General Services Staff, and also an appropriate number of functional units called Divisions assigned to Directors on deputation from Member States.The Secretariat has been entrusted with the function of coordination and monitoring the implementation of activities, arranging for meetings, and serveing as a channel of communication between the Association and its Member States as well as other regional organizations. T he setting up of SAARC Secretariat involved inking a Memorandum of Understanding between the Foreign Ministers of member countries on 17 November 1986 at Bangalore, India which contained various clauses concerning the role, structure and administration of the SAARC Secretariat as well as the powers of the Secretary-General. Regional Centres of SAARC There are various regional centres established by SAARC Secretariat in member states so as to ensure smooth working of the SAARC functions.The regional Centres covering Agriculture, Tuberculosis, Documentation, Meteorological research, and Human Resource Development have been established in different SAARC capitals: SAIC (Dhaka, 1998) STC (Kathmandu, 1992) SDC (New Delhi, 1994) SMRC (Dhaka, 1995) SHRDC (Islamabad, 1999) SCC (Kandy, 2004) SCZMC (Male, 2004) and SIC (Kathmandu, 2004). In addition, three new regional centres covering Culture, Coastal Zones Management, and Information are being established. India- SAARC Relationship The coun tries of South Asia were compelled to forge a regional grouping due to universal realization among the third world countries. – india with her experience of initial efforts to organize the Asian community ; the conflicts in the region welcomed the initiative of Bangladesh in 1980. for an association of south Asian namely India, Pakistan, Sri lanka, Bangladesh, Nepal, Bhutan, Maldives. SAARC provides a platform for the peoples of south asia to work together in a spirit of friendship , trust ; understanding . – it aims to accelerated the process of economic ; social development in member states. – the initial years of SAARC were marked by significant political developments in the world culminating in the demise of cold war ; the disremberment of the soviet union. – therefore, when the proposal for the regional co-operation was made by bangladesh india could not reject the proposal. – as this regional cooperation could play a useful role in india's ow n regional policy. – india is the biggest with sharing the borders with all 6 countries of the region. – from politicla to economic level, india & its neighbors have many disputes. inida is also having the stable democracy, has a strong military machine, a large scientific & technical manpower & a vast industries infrastructure makes it different from other countries. – the end of cold war has provided greater leeway to india to promote her perception of south Africa regionalism through SAARC. – india has become the heart of saarc & in fact constitutes the major source of both GDP, trade & capital flows within saarc/region. – the reluctance of india & other south asian countries to turn saarc into forum for resolving major regional disputes hampers saarc ability to deal with many of the south asia's economic ; political problems. Mekong-Ganga Cooperation : it was established on nov 10 2000 at vientiane in the 1st MGC ministerial-meeting. – i t comprises of 6 members countries namely, thailand, myanmar,cambodia, lao PDR, vietnam ; india. – they emphses on 4 areas of cooperation , which are : tourism, culture, education , transportation linkages in order to be solid foundation for future trade ; investment cooperation in the region. Cooperation Mechanisms : – the working mechanism for MGC consists of the annual ministrial meeting, the senior official's meeting, 5 working group namely : * working group on tourism (thailand) * working group on education , HRD (india) * working group on culture (cambodia) working group on communication & transportation (lao PDR) * working group on paln of actions (vietnam). – with his cooperation india has extended its footprints in asean region under the geostartegic back drop. – india has added powerful cultural dimension to its economic diplomacy by encouraging business contacts between the people residing on the banks Summits Summits which are the highest auth ority in SAARC, are supposed to be held annually. The country hosting the Summit also holds the Chair of the Association. Bangladesh hosted the Thirteenth Summit in November 2005 at Dhaka as the Chairperson of the Association. India will host the Fourteenth SAARC Summit in 2007 as its Chairman.South Asia’s regional cooperation, international political and economic environment, poverty alleviation, advancing economic cooperation, funding mechanisms, security of small states, combating, terrorism, social, natural disasters and environmental challenges as an agenda for third decade of SAARC was also discussed in the Thirteenth Summit. Enhancing people-to-people contact and cultural cooperation, political cooperation and external linkages of SAARC was also discussed. SAARC member states welcomed the request by the Islamic Republic of Afghanistan for membership and invited Afghanistan as a member, subject to the completion of formalities.SAARC member states also agreed in principl e with the desire of the People’s Republic of China and Japan to be associated as observers. The Agreement on Mutual Administrative Assistance in Customs Matters Establishment of SAARC Arbitration Council, and the Limited 136 Pakistan Journal of History & Culture, Vol. XXVII/2 (2006) Agreement on Avoidance of Double Taxation and Mutual Administrative Assistance in Tax Matters were signed during the thirteenth SAARC Summit The Council of Ministers comprising Foreign Ministers, meets at least twice a year. Its functions include formulating policy, reviewing progress of regional cooperation, identifying new areas of cooperation and establishing additional mechanisms that may be necessary.The Standing Committee comprising Foreign Secretaries, monitors and coordinates SAARC programmes of cooperation, approves projects including their financing and mobilizes regional and external resources. It meets as often as necessary and reports to the Council of Ministers. The Association also convenes meetings at Ministerial Level on specialized themes. The Committee on Economic Cooperation consisting of Secretaries of Commerce oversees regional cooperation in the economic field. During the Twelfth Summit in Islamabad, the SAARC Social Charter was signed in order to address social issues such as population stabilization, empowerment of women, youth mobilization, human resource development, promotion of health and nutrition, and protection of children, which are keys to the welfare and well-being of all South Asians.South Asian States have adopted Conventions on the Suppression of Terrorism (including Additional Protocol signed in January 2004 in Islamabad), Narcotic Drugs and Psychotropic Substances, Trafficking in Women and Children, and Child Welfare in South Asia. An Agreement on Food Security Reserve is also in place. During the 12th SAARC summit held in Islamabad the leaders of South Asia reiterated their commitment to form South Asian Economic Union (SAEU). If for med, it will pave the way for more ambitious — but entirely achievable — goals such as a Free Trade Area, an Economic Union, open borders, and a common currency for the region. As President Pervez Musharraf said, â€Å"we must expand SAARC charter to discuss bilateral issues at the regional level. There can be no development in the absence of peace.There can be no peace, so long as political issues and disputes continue to fester. †The Twelfth Summit renewed the urgency to deal with poverty in the region. For this purpose, the Summit directed the Independent South Asian Commission on Poverty Alleviation (ISACPA) to submit to the next Summit a comprehensive and realistic blueprint setting out SAARC 14 President Pervez Musharraf’s statement reported by M. Aftab, â€Å"Can Safta lead to South Asian Economic Union? † The News, 19 January, 2004. SAARC: Origin, Growth, Potential and Achievements 137 Development Goals for the next five years in the areas of poverty alleviation, education, health and environment.The Governors of the Central Banks of member states under the auspices of SAARCFINANCE meet regularly to consider cooperation in financial matters. For strengthening cooperation in information and media related activities of the Association, the Heads of National Television and Radio Organizations of member countries meet annually. Similarly, the SAARC Audio-Visual Exchange (SAVE) Committee disseminates information both on SAARC and its Member States through regular Radio and TV Programmes. In the field of education, the Member States cooperate through the forums of SACODiL (SAARC Consortium on Open and Distance Learning) and Heads of Universities Grants Commission/Equivalent Bodies.Memoranda of Understanding have been signed to promotecollaboration with UNCTAD (United Nations Conference on Trade and Development), UNICEF (United Nations Children’s Fund), UNDP (United Nations Development Programme), UNESCAP (United Nati ons Economic and Social Commission for Asia and Pacific), UNDCP (United Nations Drug Control Programme), ITU (International Telecommunications Union), APT (Asia Pacific Telecommunity), WHO (World Health Organization), UNIFEM (Untied Nations Fund for Women), CIDA (Canadian International Development Agency), EC (European Commission), PTB (German Metrology Institute), WB (World Bank), ADB (Asian Development Bank), UNAIDS (Joint United Nations Programme on HIV/AIDS) and SACEP (South Asia Cooperative Environment Programme). Regular dialogues with other Regional Organizations such as ASEAN (Association of South-East Asian Nations), ECO (Economic Cooperation Organization) and PIFS (Pacific Islands Forum Secretariat) are held with a view to promoting cooperation among sub-regional organizations.The Association promotes interaction on multilateral issues of common concern to its members and has identified areas in which collective positions could be projected at international forums. These i nclude trade, finance, environment, agriculture, women and children, information and telecommunications. Beyond official linkages, SAARC also encourages and facilitates cooperation in private sector through the SAARC Chamber of Commerce and Industry (SCCI), which is a SAARC Apex Body. Other such bodies are SAARCLAW and South Asian Federation of Accountants (SAFA). In addition, the status of SAARC Recognized Bodies has been accorded to professional groups in South Asia including Architects, Management 138 http://www. nihcr. edu. pk Pakistan Journal of History & Culture, Vol.XXVII/2 (2006) Development Institutions, University Women, Town Planners, Cardiologists, Dermatologists, Teachers, Writers, Insurance Organizations, Diploma Engineers, Radiological and Surgical Care Societies. The Association of Speakers and Parliamentarians enjoy special recognition by the Heads of State or Government. Achievements Several factors such as political, economic, security and potentiality of mutual e conomic benefit through regionalism seem to have influenced President Ziaur Rahman’s thinking about establishing a regional organization in South Asia. 15 SAARC’s existence, however, has enabled South Asian political leaders to meet regularly and carry on informal discussions to address their mutual problems.This is no mean achievement given South Asia’s past history and low level of interaction among South Asian countries since their independence. Informal talks among the leaders at regularly held SAARC meetings have led to inter-elite reconciliation on many sensitive issues, producing some noteworthy results in South Asia. The informal talks between the Indian and Pakistani Prime Ministers at the second SAARC Summit meeting at Bangalore in November 1986 led to the diffusion of tension between the two countries on the issue of India’s military exercise, Operation Brasstacks, on the Indo-Pakistan border, and the India-Sri Lanka talks at the 1987 SAARC for eign ministers’ meeting led to their accord on the Tamil problem.As a result of an informal meeting and discussion between Prime Minister of India and Pakistan, Narasimha Rao and Nawaz Sharif, at Davos (Switzerland), in 1992, the Pakistani government took action to prevent the move of the Jammu and Kashmir Liberation Front (JKLF) to cross the ceasefire line in Kashmir later that year. The Davos meeting was possible because of an earlier informal agreement between the two leaders at the sixth SAARC Summit meeting at Colombo in December 1991. Given this utility of SAARC, can the organization grow or expand its role in the coming decades? The Heads of State or Government during the Ninth SAARC Summit agreed for the first time that a process of informal political consultations would prove useful in promoting peace, stability, amity and accelerated socio-economic cooperation in the region. The leaders reiterated this intent during their Tenth and Eleventh Summits in Colombo and Ka thmandu respectively also.The Agreement on SAARC Preferential Trading Arrangement (SAPTA) was signed in 1993 and four rounds of trade negotiations have been concluded. With the objective of moving towards a South Asian Economic Union (SAEU), the Agreement on South Asian Free Trade Area (SAFTA) was signed during the Twelfth Summit in Islamabad in January 2004. SAFTA may enter into force by the end of the year 2006. The Association has carried out Regional Studies on trade, manufactures and services, environment and poverty alleviation, SAFTA and Customs matters. Since its inception in 1984 there have also been serious differences among member countries over the aims and functioning of SAARC. 6 Such differences have been pronounced in verbal bickerings in several SAARC meetings. This is in the face of the fact that closer social, economic and cultural ties (the espoused ideals of SAARC) are considered the one and only hope for building regional cooperation efforts in South Asia in the coming years. Indeed, increasing rationalization of world trade and the fluidity of the emerging global system has increased trade within each trade bloc and those countries that do not belong to any trade blocs are likely to be the losers. 17 This also provides a strong rationale for sustaining the SAARC vis-a-vis future trade prospects of South Asia.The assumption that peace can be achieved through SAARC without addressing the political problems of the region has neither een able to cultivate peace nor to invigorate the SAARC process successfully. Though since its very inception it has been regularly able to hold Summit meetings yet there have been interruptions in 16 The main point of debate hinges on the Charter of SAARC which does not allow bilateral issues to be discussed at the regional level summit diplomacy. 17 B. S. Shreekantaradhya, â€Å"Globalisation of Indian Economy: Strategies and Constraints,† S. Murty, The Changing Indian Economic Order (New Delhi: Indus Ec onomic Profile of the SAARC Member Countries In Afghanistan, real domestic product (GDP) is estimated to have reached 13. % in FY2007, owing to a strong recovery in agricultural production. Industry and services recorded dynamic growth of 13. 3% and 12. 4%, respectively. Construction was the main driver of industrial growth. In Bangladesh, GDP growth in FY2007 (ended June 2007) stood at 6. 5% underpinned by steady expansion in manufacturing and continued buoyancy in services, on the base of rising domestic and external demand (Figure 1). Figure 1: Economic Growth in SAARC Region – 2007 (percent) Source: Asian Development Outlook 2008, ADB Source: Direction of Trade Statistics Year Book 2007, IMF. Bhutan’s real GDP in FY2007 (ended June 2007) is estimated to have grown by 17. %. This was driven by growth in power sector (with a GDP share of 11. 3% in FY2006) resulting from the commissioning of the 1,020 megawatt (MW) Tala hydropower station, which has been phased in sin ce July 2006. In India, the impressive economic performance of the past few years continued with real GDP growth at 9. 0% in 2007-08, as compared to 9. 6% in the previous year. The real GDP of Maldives grew by 6. 6% in 2007, reverting to its historical growth path after the post-tsunami contraction in 2005. Tourism, the leading sector with around one-third share of GDP, grew by 10. 0%. Real GDP growth of Nepal moderated to 2. 3% in FY2007 (endedmidJuly 2007) from 3. 1% in FY2006, resulting from subdued performances of agriculture and industry. Real GDP growth of Pakistan continued to remain strong for the fourth consecutive year registering a growth of 7. 0% in FY2007 (ended June 2007). During 2007, Sri Lanka continued to register strong real GDP growth of 6. 7%, as compared to 7. 7% in 2006. Trend in Foreign Trade and Trade Policies SAARC’s Global Trade During the year 2000 to 2006, the total exports of SAARC countries have increased from US$ 63. 5 billion to US$ 161. 4 bill ion. The total imports of SAARC countries also have increased from US$ 79. 5 billion in 2000 to US$ 255. 3 billion in 2006.Among the SAARC countries, India led both in terms of exports and imports, followed by Pakistan and Bangladesh. Intra-SAARC Trade Total intra-SAARC exports have increased from US$ 2. 8 billion in 2000 to US$ 10. 8 billion in 2006, registering nearly a four-fold rise during the period. As a result, intra-SAARC exports, as a proportion of SAARC global exports, have risen from 4. 5% in 2000 to 6. 7% in 2006. Intra-exports of the SAARC countries were dominated by India, followed by Pakistan and Sri Lanka. The total intra-SAARC imports have also increased more than three-fold from US$ 3. 0 billion in 2000 to US$ 9. 6 billion in 2006. Intra-SAARC imports ere dominated by Sri Lanka, followed by India. Figure 2 depicts the trend in intra-SAARC trade (exports plus imports) vis-a-vis trend in SAARC’s global trade. A comparison of the trends would highlight the buoy ancy in intra- SAARC trade especially after 2003, as compared to SAARC’s global trade. Trade Policies Trade liberalisation in South Asia started with a series of sweeping reforms in Sri Lanka in 1977/78. For the rest of South Asia, the 1980s and 1990s saw substantial reductions of tariffs and phasing out of quantitative restrictions (QRs), along with liberalisation of the exchange regimes. Developments in SAARC Trade Integration SAARC Preferential Trade Agreement SAPTA) was signed at the seventh SAARC summit in 1993, in Dhaka. The agreement provides a framework and institutional base for trade liberalisation and economic cooperation between the seven SAARC member countries. The agreement provides for the exchange of concessions between SAPTA members on tariffs, para-tariff and non-tariff barriers. It envisages four basic approaches to the exchange of trade preferences: (1) product-by-product; (2) across- the-board; (3) sectoral; and (4) â€Å"direct trade† measures. So uth Asian Free Trade Agreement (SAFTA) extends the scope of SAPTA to include trade facilitation elements and switches the tariff liberalisation rocess from a positive to a negative list approach. Foreign Direct Investment in the SAARC Region Private capital flows to South Asia was largely driven by India, which received the majority of capital flows to the region. The total FDI inflows into the SAARC region have increased from US$ 5. 6 billion in 2000 to US$ 22. 3 billion in 2006. FDI outflows from the SAARC region have increased from US$ 350 mn in 2000 to US$ 9. 8 billion in 2006. India’s Trade and Investment Relations with SAARC Trade Relations India’s exports to the SAARC region increased from US$ 2. 8 billion in 2002-03 to US$ 6. 5 billion in 2006-07 (Figure 3). Amongst the SAARC members, Sri Lanka is the largest arket, accounting for 35% of India’s Blue Magenta Black Blue Magenta Black Brief on New Publications SAARC: An Emerging Trade Bloc Exim Bank : Rese arch Brief No. 38, June 2008 3 Figure 3: Trend in India’s Trade in SAARC Region (US$ mn) Source: Ministry of Commerce and Industry, GOI total exports in the SAARC region during 2006-07, followed by Bangladesh (25%), Pakistan (21%) and Nepal (14%). An analysis of the trend in India’s exports to the SAARC region during the period 2002-03 to 2006-07 reveals that, while exports to all the SAARC members have registered a rise, India’s exports to Pakistan, Afghanistan and Nepal have exhibited distinct buoyancy. While India’s exports toPakistan registered a six-fold rise during the five-year period, exports to Afghanistan and to Nepal also rose three-fold and two and half-fold, respectively, during the period. India’s imports from the SAARC region have also risen from US$ 531. 5 mn in 2002-03 to US$ 1. 5 billion in 2006-07, depicting almost a three-fold rise during the period. Sri Lanka is again the leading partner, accounting for 31% of India’s to tal imports from the region during 2006-07, followed by Pakistan (21%), Nepal (20%), Bangladesh (15%) and Bhutan (9%). The robust rise in India’s total imports from the SAARC during the period 2002-03 to 2006-07 has been underpinned by the sharp ncrease in imports from Pakistan, Sri Lanka, Bhutan and Bangladesh. India generally maintains a positive trade balance with the other SAARC member countries, and the trade surplus have risen from US$ 2. 3 billion in 2002-03 to US$ 5. 0 billion in 2006-07. Investment Relations The total foreign direct investments (approved) from India to other SAARC countries amounted to US$ 312. 8 mn during April 1996 to December 2007. Among the SAARC countries, Sri Lanka (US$ 153. 1 mn) was the major destination of Indian investment followed by Nepal (US$ 87. 2 mn). During January 2005 to December 2007, 33 joint ventures (JVs) and 42 wholly owned subsidiaries (WOSs) have been pproved in the SAARC countries. Out of this, 1 JV was approved in Afghanist an, 7 JVs and 8 WOSs were approved in Bangladesh, 2 JVs in Maldives, 2 JVs and 6 WOSs in Nepal, 1 JV in Bhutan, and 20 JVs and 28 WOSs in Sri Lanka. Areas of investment approved include engineering goods, electrical equipments, pesticides, readymade garments, cables and wires, plastic & plastic products, rubber products and textiles. Total investments of SAARC countries to India have amounted to US$ 11. 7 mn during April 2000 to February 2008. Among all the SAARC countries, Sri Lanka was the largest source of FDI with US$ 8. 5 mn during the period, followed by Maldives (US$ 3. 1 mn).The investment flows between India and Sri Lanka have increased mainly after the implementation of India Sri Lanka Free Trade Agreement (ISLFTA). Exim Bank in the SAARC Region Export-Import Bank of India (Exim Bank) operates a comprehensive range of financing, advisory and support programmes to promote and facilitate India’s trade and investment relations with the SAARC region. In the SAARC region , the Bank has supported several Indian project exporters to execute contracts in countries such as: _ Hydroelectric project (Tala project), tunnel house, and dam construction in Bhutan; _ Road improvement projects, railway construction and maintenance, gas turbine power plant project, lectrical substations, cement plant project, transmission line project, and conveyor belt project in Bangladesh; _ Steel, local telephone network, transmission lines, sub-stations, out door LED video system for cricket matches, and diesel fired power project in Sri Lanka; _ Transmission lines and substations, optic fibre cable project, hydro electric projects, and irrigation projects in Nepal, and _ Air-conditioning & electro mechanical work at Male Airport in Maldives. The Bank, in order to help Indian companies in their internationalisation efforts, provides term loans to them, both for equity investment in their ventures overseas. Besides, Exim Bank lso undertakes direct equity stake in Indian vent ures abroad, to enable Indian companies to supplement their equity with Exim Bank’s contribution. To facilitate Indian presence in the SAARC region, the Bank has supported joint ventures by Indian companies in several sectors, including: _ Pharmaceuticals, steel and glass sectors in Sri Lanka; _ Electrical sector in Bangladesh, and _ Engineering goods and textile sectors in Nepal. Exim Bank extends Lines of Credit (LOCs) to overseas financial institutions, foreign governments and their agencies, enabling them to finance EXIM BANK ORGANISES SEMINAR ON REGIONAL ECONOMIC & FINANCIAL COOPERATION IN ASIAExim Bank of India organised a Seminar on ‘Regional Economic and Financial Cooperation in Asia' on October 5, 2005 as a curtain raiser for the 11th Annual Meeting of Asian Exim Banks being held from October 5-7, 2005 in Goa. The Forum of Asian Exim Banks comprises 9 Asian countries, viz. India, Japan, China, Indonesia, Korea, Malaysia, Philippines, Thailand and Australia with Asian Development Bank, Manila, the multilateral financing institution as a permanent invitee. The Forum has an Annual Meeting hosted by a member country by rotation. The Forum was conceived and initiated by Exim Bank of India in 1996. After a decade, Exim Banks of India is again hosting the Annual Meeting. Hon'ble Chief Minister of Goa, Shri Pratapsingh Raoji Rane was the Chief Guest and inaugurated the Seminar. Other dignitaries who spoke at the Seminar included Mr. T. C.Venkat Subramanian, Chairman ; Managing Director, Exim Bank of India, Dr. Ashok Lahiri, Chief Economic Adviser, Ministry of Finance, Government of India, Dr. Nagesh Kumar, Director General, Research and Information System, New Delhi, Mr. Werner Liepach, Principal Director, Asian Development Bank, Manila and Mr. Lamon Rutten, Chief, Commodity Finance ; Risk Management, UNCTAD Geneva. The seminar was attended by the members of the Asian Exim Banks Forum at the highest level, special invitees, a cross-section of the industry and the academia. In his welcome address, Mr. Subramanian highlighted the growing importance of the Asian region in global trade and investment with Asia accounting for 27% of world trade.He, observed that intra-Asian trade at US$ 625 bn (42% of total exports of Asian countries) was not commensurate with the potential that exists for trade flows among the Asian economies and is much lower than intra-EU and intra-NAFTA trade. Mr. Subramanian also highlighted the sharp rise in Indo-China trade in the past few years catapulting China to become India's largest source of imports and 3rd largest export destination. Giving the theme address, Dr. Nagesh Kumar underscored the significance of regional cooperation among the economies of Asia, particularly considering that the region is home to the fastest emerging economies of the world. Besides sub-regional initiatives in the framework of ASEAN, SAARC and others, broader economic integration initiatives are under way.He argued that there is a strong case for ASEAN, Japan, China, India and Korea working together to realise the Asian dream. Congratulating Exim Bank of India for initiating a decade back, a Forum of Asian Exim Banks to forge stronger regional economic cooperation among the Asian countries, Dr. Ashok Lahiri in his keynote address noted with interest the wide range of issues to be covered at the 11th Annual Asian Exim Banks meeting. While underlining the importance of regional cooperation, Dr. Lahiri cited the example of ADB's initiative of the Greater Mekong Subregion in which six countries entered into a programme of subregional economic cooperation to enhance economic relations among themselves. Dr.Lahiri also explained the Government of India's initiatives, particularly the ‘Look East' policy, to forge stronger ties with the Asian economies for promoting trade and investment. Commending the Asian Exim Banks community for creating a forum for economic cooperation and sharing of knowledge, S hri Pratapsingh Rane, Hon'ble Chief Minister of Goa hoped that the Forum would suggest policies that would provide fillip to states/regional level, economic growth in the larger context of intra-Asian economic cooperation. Highlighting the investor-friendly economic environment of Goa, Mr. Rane emphasised the emergence of the state as a major destination for foreign investment and outlined the various measures taken by his Government.