Apple’s Financial Analysis Part 2 Free Essays

APPLE’S FINANCIAL ANALYSIS FOR THE YEAR ENDED September 27, 2008 Income Statement: a) Apple Inc uses multi-step income statement format. It organizes its operating section by using functional expense classification. b)There are no unusual items presented in Apple’s income statement. We will write a custom essay sample on Apple’s Financial Analysis Part 2 or any similar topic only for you Order Now Also the company did not discontinue any of its operations, neither had any changes in accounting principles. The net income for 2008, 2007, and 200 is $4,834, $3,496, and $1,989 respectively. The net income has increased continually in past three years. Net income increased 38. 3% in 2008. Apple’s net income growth for 2007 was 75. 7%. The income statement doesn’t need restating. I also believe that Apple is not managing their earnings. The company’s revenue and earnings per share are undervalued and Apple’s financials appear radically weaker than they actually are. It is because in April, 2007 they made a bad decision when announced that Apple will be using what is commonly referred to as the â€Å"subscription method of accounting† for sales of the iPhone where the sales revenue from the iPhone is deferred and recognized over a 24-month period instead of at the point of sale. When disregarding the deferred revenue mechanism of subscription accounting, Apple actually earned $7. 48 in EPS on $38. 041 billion in revenue. That compares to the $5. 36 in EPS on $32. 479 billion in revenue that Apple reported on a GAAP-basis. During 2008, the Company adopted the Financial Accounting Standards Board’s (â€Å"FASB†) Financial Interpretation No. (â€Å"FIN†) 48, Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No. 109. FIN 48 changes the accounting for uncertainty in income taxes by creating a new framework for how companies should recognize, measure, present, and disclose uncertain tax positions in their financial statements. 09/27/08Restated 09/27/09 Net Sales32,47932,479 Cost Of Goods21,33421,334 Gross Profit11,14511,145 Selling Adminstrative Depr. Amort Expenses4,8704,870 Income After Depreciation Amortization6,2756,275 Non-Operating Income620620 Pretax Income6,8956,895 Income Taxes2,0612,061 Investment Gains/Losses00 Other Income/Charges00 Income From Cont. Operations4,8344,834 Extras Discontinued Operations00 Net Income4,8344,834 2) Apple Inc recognizes revenue from sales when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collection is probable. Revenue from service and support contracts is deferred and recognized ratably over the service coverage periods. Revenue is deferred for the fair value of the specified upgrade rights when offered. i. A/R turnover=Net Sales/Average A/R(net) A/R turnover2007=24,066/1637=14. 70 times A/R turnover2008=32,479/2422=13. 41 times ii. Allowance % A/R=Allowance/ Gross A/R Allowance % A/R2007=47/24,066=0. 0195 Allowance % A/R2008=47/32,479=0. 001445 iii. Average collection period= 365/ A/R turnover (or 365*A/R/Net Sales) Average collection period2007=365/14. 70=24. 82 (every 25 days) Average collection period2008=365/13. 41=27. 22 (every 22 days) The total sales revenues increased consistently for the past years. Net sales increased 43. 86% in 2008 compared with 2007 ($24,006 and $ 32,479 respectively), A/R have increased too by 47. 95% in 2007 compared to 20056 ($1637and $2,422 respectively). The company does not have looser credit policy, since it does not have credit accounts whatsoever. Apple has an ncreasing accounts receivable turnover which is a positive sign – showing the company is successfully executing its credit policies and quickly turning its accounts receivables into cash. The ratios calculated above cannot be taken into account because they do not represent the actual A/R for the company for entire year. 3)Inventory Costing: a)The company uses FIFO in costing its inventory. I believe that the company uses this method, because even though tax expense are higher, since the Cost of Goods Sold decrease by using the lower cost items, the net effect on the net income still result it net increase. The earnings per share also increase, as well as inventory in the balance sheet. If the cost of the inventories exceeds their market value, provisions are made currently for the difference between the cost and the market value. The Company’s inventories consist primarily of finished goods for all periods presented. If they use LIFO the net income would have been higher, it can benefit from tax savings and improve its cash flow. On other hand average cost achieves a net income somewhere in the middle. b)Looking at the vertical analysis of the Income Statement cost of goods sold has decreased to 0. 34% (from 66. 3 % in 2007to 65. 69% in 2008), and net sales increased by $8475. At the same time, looking at the horizontal analysis, while in 2008 COGS increased by nearly 39. 97% compared to 2007, sales increased only by 43. 86%, and in 2007 while GOGS increased by 15. 56%, sales increased by 24. 29%. This, in my opinion indicates inventory stock (50 items), and fast moving inventor y (7days). i. Inventory Turnover=(COGS)/(Ave. Inventory) Inventory Turnover2007= 15,852/(270+346)/2=51. 047? 51 items Inventory Turnover2008= 21,334/(509+346)/2=49. 904? 50 items ii. Gross Profit Percentage=Gross Profit/Net Sales Gross Profit Percentage2007=8,154/24,006=0. 3397? 33. 97% Gross Profit Percentage2008=11,145/32,479=. 3431? 34. 31% iii. Average Days in Inventory=365/Inventory Turnover Average Days in Inventory2007=365/51=7. 16 days Average Days in Inventory2008=365/50=7. 3 days c) Apple is doing extremely well in terms of inventory turnover, which is one of the lowest in the industry only 7days . While a sizable inventory can be important to coping with sudden surges in demand, excessive inventory is wasteful and can exacerbate financial problems if a new product is introduced before old inventory is cleared. Inventory is increased from 346 million in 2007 to 509 million in 2008. Because the sales are increased too, therefore it is an indication of heavy business activities, rather than the problem with sale of existing products. Gross profit margin is flat for year 2007 and 2008 at 34%. 4)Property, plant and equipment: a)Apple Inc uses the straight-line method of depreciation based upon the asset’s estimated useful life. b)Asset Turnover=Net Sales/Ave total assets Asset Turnover2007=24,006/[(25,347+17,205)/2)]=1. 1283 Asset Turnover2008=32,479/[(39,572+25,347)/2]=1. 0006 c)PPE has increased in the last year by $632 million. The company has purchased PPE in 2007 in the amount of $735 million and $1,091 million in 2008. In 2008 Apple declared a loss on disposition of property, plant, and equipment for $22 million, which has increased by $10 million since 2007(12million) 5) Liabilities a)Apple’s liabilities are composed by short-term debt, Accounts Payable, Accrued Expenses, Long-term debt, non-current liabilities. The major current and non-current liabilities accounts for the years of 2007 and 2008 are shown in the table below: September 27, 2008 September 29, 2007_ Current liabilities: Accounts payable $5,520 $4,970 Accrued expenses 8,572 4,310 Total current liabilities 14,092 9,280 Non-current liabilities 4,450 1,535 Total liabilities 18,542 10,815 b)Ratios: i. Debt Ratio=Total Liabilities/Total Assets Debt Ratio2008=18,542/39,572=0. 468564 or 46. 86% ii. Debt to Equity=Total Liabilities/Stockholders Equity Debt to Equity2008=18,542/21,030=. 8817 iii. Times interest earned=Income before income taxes and interest expense/Interest Expense Times interest earned2008=6,275/ 0 c)Ratios for Microsoft’s for year ended 06/30/2008 i. Debt Ratio2008=36,507/72,793=0. 015 or 50. 15% ii. Debt to Equity2008=36,507/ 36,286=1. 0061 iii Times interest earned2006=22,492/0 These ratios are derived from Dillard’s financial statements that can be found on http://www. sec. gov/Archives/edgar/data/789019/000119312508162768/d10k. htm. Looking at Apple’s and Microsoft’s debt ratios, I can say that Microsoft’s debt ratio is 3. 29% higher, or it has 3. 29% more debt compared to its total assets. I think that 50. 15% indicates that Apple’s can be categorized a company of moderate risk level. Comparing Apple’s debt to equity ratio of . 8817% to Microsoft’s ratio of 1. 61%, I can tell that Apple’s are doing well, since it uses $. 88 derived from liability in addition to every $1 of equity in its business, taking advantage of the lower cost of debt for financing projects to relatively more expensive equity financing. Microsoft’s ration is only 0. 1793% lower, which indicates a normal debt ratio for Apple Inc. Comparing Apple’s ratio results to Microsoft’s, gives me the confidence to say that Apple’s liabilities fall into the industry’s average. 6)Stock price a)Yahoo Finance chart PRICE DateOpenHighLowCloseAvg VolAdj Close* Sep-08172. 40173. 50120. 68128. 439,370,800128. 24 Aug-08159. 90180. 45152. 91169. 5323,273,800169. 53 Jul-08164. 23180. 91146. 53158. 9533,096,200158. 95 J un-08188. 60189. 95164. 15167. 4434,281,100167. 44 May-08174. 96192. 24172. 00188. 7532,650,300188. 75 Apr-08146. 30180. 00143. 61173. 9538,841,700173. 95 Mar-08124. 44145. 74118. 00143. 5042,313,100143. 50 Feb-08136. 24136. 59115. 44125. 0246,645,400125. 02 Jan-08199. 27200. 26126. 14135. 3662,108,100135. 36 Dec-07181. 86202. 96176. 99198. 0831,771,400198. 08 Nov-07188. 60192. 68150. 63182. 2246,553,700182. 22 Oct-07154. 63190. 12152. 93189. 9537,438,400189. 95 Sep-07153. 44154. 60152. 75153. 4743,935,800153. 47 b)In my opinion there is a strong positive correlation between the two charts. There are several noticeable changes of Apple’s stock price over the last year. In October,2007 Apple’s stocks increases to $189. 95 from $153. 47in Sept. The increase was due people’ interest to get their hands on Mac OS X Leopard, the newest version of Apple’s operating system. After that since markets in general, and tech stocks in particular, were hit hard by poor earnings reports posted by Intel, Apple’s stock price dropped in first weeks of November. In the begging of January 2007 the stock dropped to $126. 14 after Jobs announced iphone sales to date of 4 million, and ATT said that only 3. 9 million were activated, which means 100,000 iphones still in their Christmas wrapping or more likely unlocked. The company’s stock decline in the first quarter was due to an antitrust suit which has been filed against Apple accusing the company of illegally maintaining a monopoly in the digital music market by failing to support Microsoft’s Windows Media Audio format. In May Stock reached $188. 55 because Apple reported its second quarter earnings, and its revenues of $7. 05 billion and a net profit of $1. 05 billion for the quarter. In second quarter Apple had slightly decreases and increases in stock value. On July 22, 2008 Apple reported its third quarter earnings results. The company earned $7. 46 billion during the quarter, a 37% increase from the same quarter 2007. Last month of the third quarter the company had a down tu rn to $ 120. 68 per stock. 7) Final Review I believe that the company has strong results in the industry that it operates. Compared to its direct competition, Apple Inc is doing well. I also believe that Apple Inc is trying to grow, and became a leader in consumer electronics market. Based on my analysis, I agree with the company’s strategy of increasing investment in Research and Development. Specifically, I suggest the sometime down the line after provider contracts are over and equipment and technology costs have gone down Apple should enter the wireless cellular provider arena. This would allow Apple to recoup all profits instead of sharing/splitting profits with the providers. Customer’s buy the hardware/phone at cost rather than the current model of wireless provider subsidized phones at the expense of expensive plans. They should offer a quality engineered, eco-friendly, workplace computer that is economically practical for corporations and large organizations. However due to Apple’s unique designing nitch and brand loyalty we feel they have the ability to capture a portion of the bottom market that has always wished to own an Apple without diluting its luxury products image. Apple Inc would do a lot better if it was not in the declining economic environment as of now. Increasing questions about Jobs’ health and lack of transparency into a succession plan are decreasing the company’s stability. Contrary of Wall Street’s expectations Apple reports earnings of $1. 61 billion ($1. 78 per share), which was up 2 cents a share from the year earlier period. Revenue also increased from $9. 6 billion to $10. 17 billion. With stock price of $102 â€Å"Apple Inc. shares have catapulted back atop the century mark today after brokerage firm FTN Equity upgraded the stock from â€Å"neutral† to â€Å"buy. â€Å"We now believe investors are more prepared for the Chief Executive taking a smaller role and we have not seen the multiple compression we expected,† wrote analyst Bill Fearnley, Jr. † I believe that by looking at the past performance of Apple, one can derive a future prognosis of Apple’s performance, bound to the industry development. I believe that an investor may want to buy Apple’s shares, since i t looks like it is a strong company, and take advantage of the current low stock prices. I also would recommend to an investor not to invest all of his money in Apple, because of the uncertainty of the market. How to cite Apple’s Financial Analysis Part 2, Papers

The concept of love at first sight in Shakespeares comedies Essay Example For Students

The concept of love at first sight in Shakespeares comedies Essay Lysander admits his change of heart to Helena when he awakens: Content with Heria? No, I do repent The tedious minutes Ive with her have spent Not Hermia, but Helena I love; Who will not change a raven for a dove? The will of man is by his reason swayd: And reason says you are the worthier maid. (MND, II. II) Even Titania can not control herself under the power of the potion. The love potion is an element of magic and therefore not realistic; however, in MND it represents the unpredictable and ever changing nature of love. The character Orsino in Twelfth Night is also struck by the seemingly uncontrollable emotions he feels towards Olivia at the onset of the play: O when mine eyes did see Olivia first That instant was I turnd into a hart / And my desires like fell and cruel hounds / Eer since pursue me (Twelfth Night, I. I). A true romantic, Orsino gives himself up completely to the idea of love, forfeiting all control over his emotions for the sake of finding happiness through love. Readers may not take Orsino seriously because of his overly dramatic emotions, which is similar to how readers my feel about Orlando in As You Like It. In fact many characters possess this certain quality which points to the fact that these comedies are not strictly love stories, but instead light anecdotes filled with silly characters. Another overly dramatic devise that Shakespeare uses is the idea of being lovesick and even comparing falling in love with catching a fatal disease. When Olivia from Twelfth Night first meets Cesario, she immediately falls in love with him, and suddenly gets over her brothers death: Even so quickly may one catch the plague? / Methinks I feel this youths perfections / With an invisible, and subtle stealth / To creep in at mine eyes (Twelfth Night, I. V). The idea that falling in love is like catching a disease is similar to the concept of losing control. Shakespeare depicts his characters as silly and innocent at the same time by placing the blame outside of their control. While one can think that Olivia is rash and impractical with her feelings of love, one can also feel a certain sort of sympathy towards her since she has no apparent control over her emotions. Orlando suffers from the same sort of uncontrollable love sickness in AYLI. In Act III, scene II, Rosalind describes a man to Orlando who has been carving the name Rosalind into trees. He admits that he is this man and that he is unluckily in love. Rosalind claims that he is not in love, however, saying: Love is merely a -madness, and I tell you, deserves as well a dark house, and a whip, as madmen do (AYLI, III. II. ). It is at this point that she suggests to Orlando that she can cure his love sickness: I would cure you if you would but call me Rosalind (AYLI, III. II. ). Therefore, love is not merely a condition, but something that needs to be cured in cases where it is not under the control of someone as logical as Rosalind. She seems to grasp the idea that untamed love can consume us and ultimately control us. Love at first sight or simply love that develops very quickly is bound to be dangerous. Rosalind understands that one should control their love rather that being controlled by their love. Her logical attitude towards romanticism can be misconstrued as being cold but are nevertheless true: Men have died from time to time, and worms have eaten them, but not for love (AYLI, IV. I. 91-92). Rosalinds sudden love for Orlando contrasts with Shakespeares other love struck characters in that it is logical and controlled. .ua4bf92d98f668b8df07208e1b1c97d8d , .ua4bf92d98f668b8df07208e1b1c97d8d .postImageUrl , .ua4bf92d98f668b8df07208e1b1c97d8d .centered-text-area { min-height: 80px; position: relative; } .ua4bf92d98f668b8df07208e1b1c97d8d , .ua4bf92d98f668b8df07208e1b1c97d8d:hover , .ua4bf92d98f668b8df07208e1b1c97d8d:visited , .ua4bf92d98f668b8df07208e1b1c97d8d:active { border:0!important; } .ua4bf92d98f668b8df07208e1b1c97d8d .clearfix:after { content: ""; display: table; clear: both; } .ua4bf92d98f668b8df07208e1b1c97d8d { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ua4bf92d98f668b8df07208e1b1c97d8d:active , .ua4bf92d98f668b8df07208e1b1c97d8d:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ua4bf92d98f668b8df07208e1b1c97d8d .centered-text-area { width: 100%; position: relative ; } .ua4bf92d98f668b8df07208e1b1c97d8d .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ua4bf92d98f668b8df07208e1b1c97d8d .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ua4bf92d98f668b8df07208e1b1c97d8d .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ua4bf92d98f668b8df07208e1b1c97d8d:hover .ctaButton { background-color: #34495E!important; } .ua4bf92d98f668b8df07208e1b1c97d8d .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ua4bf92d98f668b8df07208e1b1c97d8d .ua4bf92d98f668b8df07208e1b1c97d8d-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua4bf92d98f668b8df07208e1b1c97d8d:after { content: ""; display: block; clear: both; } READ: Is Romeo in love? EssayWhile love is clearly a central theme running through most of Shakespeares plays, it is important to look at what kind of love it is. In A Midsummers Night Dream, As You Like It, and Twelfth Night, the true love that is depicted in Romeo and Juliet is hard to find. Most of the love is irrational, selfish or beyond control of the lovers. This is part of the reason that these plays are light and fun. Shakespeare uses the idea of instantaneous love to emphasize the ridiculousness of the lovers in his plays. The concept of love at first sight in Shakespeares comedies.

Thomas Eliot Essay Example For Students

Thomas Eliot Essay T. S. Eliot was a very influential pessimist, always and constantly thriving on his hatred of little things and his love life. Eliot was born in St. Louis Missouri 1888 ad. His parents were both writers and loved the arts, most effectively passing on the genes to their son. While growing up he learned many things, his parents were extremely social and intellectual and they pushed him to achieve the highest of statuses. He went to college at Harvard University and then moved to London to go to Oxford. He then became a citizen of England in 1915. While in England Eliot held many jobs to keep the payments on his 5th floor English apartment and his college tuition. Eliot quickly became popular with Britain and was known as a great poet and a literal critic. Eliot is best known for two of his works: The Waste Land (1922) and The Love Song of J. Alfred Prufrock (1915). Actually the Love song is the beginning of the Waste Land. The Waste Land is in 5 parts, so it is more of a story in poetical form. In the Love Song, Eliot actually sounds a bit like a optimist, quite frankly though his own waste landsteps in half way through. We will write a custom essay on Thomas Eliot specifically for you for only $16.38 $13.9/page Order now This is his only poetic work I like. But it will never be at the top of any of my lists. In this song , JAP (J. Alfred Prufrock) is writing a letter to his honey, the girl he is in love with. In this poem Eliot uses a lot of visual imagery, he is very good with his adjectives and brings such a happy correlation of thought into a grim reality he would call his Waste Land. He talks of how : In the room the women come and go Talking of Michelangelo. TLSJAP stanza 13 and 14 It has been my thought that this may signify his type. Eliot, again was an intellectual and then o he would most likely hang out where the smart people were and get away from: Of restless nights in one-night cheap hotels And sawdust restaurant with oyster-shells: Streets that follow like a tedious argument Of insidious intent. stanzas 6-9 He actually gives the evidence to where he found his women, and how he likes to stroll through the outdoors and ending up in places of eloquence, and High Society. Even though he had a medium amount of money. He was still accepted in places for lower pay because of his high intelligence and the intelligence of his women. People enjoyed his company. He goes on alking about how there will always be time for us referring to the love that which he shares for her, and that there will always be time for things, but letting each other look at the joy as present and the escape from his Waste Land. He goes on in stanza 37 48 telling how they would grow old together, while still with the people that surround them that they love so dearly. He then tells of how he knows things and how life always goes (evidence of realism) in stanzas 49 54. Now here you can start to sense his pessimistic side shed a bit, talking of the: To spit out all the butt-ends of my days and ays, And how should I presume? Stanza 60 61 Of course I guess you could take that as a repentance line but, I dont think so, lets go on. From stanzas 70 86 it shows what I think is his deep side and talking as if he were actually a Realist which he probably was, at least to me. He humbles himself a great deal , which is good , but talks of how things slowly fade , referring a lot to his baldness and how age takes a toll on relationships. This is my favorite part of the poem, because he brings you into his soul, not just letting you taste the action . I feel that this is how he lived life. .ufea0aadb935974a1226069b09d3c0ac9 , .ufea0aadb935974a1226069b09d3c0ac9 .postImageUrl , .ufea0aadb935974a1226069b09d3c0ac9 .centered-text-area { min-height: 80px; position: relative; } .ufea0aadb935974a1226069b09d3c0ac9 , .ufea0aadb935974a1226069b09d3c0ac9:hover , .ufea0aadb935974a1226069b09d3c0ac9:visited , .ufea0aadb935974a1226069b09d3c0ac9:active { border:0!important; } .ufea0aadb935974a1226069b09d3c0ac9 .clearfix:after { content: ""; display: table; clear: both; } .ufea0aadb935974a1226069b09d3c0ac9 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ufea0aadb935974a1226069b09d3c0ac9:active , .ufea0aadb935974a1226069b09d3c0ac9:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ufea0aadb935974a1226069b09d3c0ac9 .centered-text-area { width: 100%; position: relative ; } .ufea0aadb935974a1226069b09d3c0ac9 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ufea0aadb935974a1226069b09d3c0ac9 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ufea0aadb935974a1226069b09d3c0ac9 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ufea0aadb935974a1226069b09d3c0ac9:hover .ctaButton { background-color: #34495E!important; } .ufea0aadb935974a1226069b09d3c0ac9 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ufea0aadb935974a1226069b09d3c0ac9 .ufea0aadb935974a1226069b09d3c0ac9-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ufea0aadb935974a1226069b09d3c0ac9:after { content: ""; display: block; clear: both; } READ: Catcher In The Rye Symbolism EssayAlways leaving people to taste the good stuff around him but behind his eyes ly his brain and behind his brain his heart and when his company least expected it, I could see him waving his hands and saying, Come all! Come! Come! come and feel my pain come and pity me come and think I am humble.. even though I dont care much of any of you. That is the picture I get of JAP who is also Eliot, in life, but yet his background, his unnoticeable conscience. In stanza 87 98 he speaks of his anxiousness to ask people into his Waste land , is wanting to let them see his truth. Then he tries to cover for himself by saying: Should I say: That is not what I meant at all, That is not it, at all. stanzas 97 98 In stanzas 119 and finishing the poem at 131 he ends off, sorry to say, in a pessimistic tone of self pity and morbidity. He talks about his age weighing on his soul and never being what he wants to look like in the eyes of others and his eagerness in death by saying: We have lingered in the chambers of the sea By sea-girls wreathed with seaweed red and brown Till human voices wake us, and we drown. anzas 129 131 That is a great background on how Eliot viewed life. Realistically and fading into the distance with love meaning nothing at all. Well, on to what is called T. S. Eliots Waste Land. To brief you on my thoughts I very much dislike this poem for many reason which will be laid out in the next couple paragraphs. The poem is simply a look in to the soul of Eliot, a man with great writing capabilities but uses them for the pleasure of striking his enemy and hiding the truth without being up-front, using stories of ancient myths in German and Latin to convey his apathy. Eliot throughout this whole poems loves to mock and scorn his ex-wife. Her sexual desire he could not satisfy and whose love he cannot return. T. S. Eliots Waste land. Page 98 by: James E. Miller. Jr. He uses many sexually explicit gestures in the writing because that was the only way his fantasies could be met through writing. I think the man is sick, hes full of crap! Eric Paoletti But he reveals his hatred toward her in these lines: More sinned against than sinning , bruised and marred, The lazy laughing Jenny of the Bard. The same eternal and consuming itch Can make a martyr and a onsuming bitch) There is much more but as you can see not very appropriate at all. Again this man won a Nobel Prize and was loved by Americans and the English. How on Earth did he achieve that? Probably because that is what the world is hungry for. Explains acts of fantasizing date rape and the hatred of his wife that he loved so much in the Love Letter, than leading into divorce. Overall if you ask me, T. S. Eliot didnt need fame, fortune and the Nobel Prize. He needed serious mental help and most importantly, the God he talked of so vaguely throughout his writing.

hra verses Michael Bloomberg

hra verses Michael Bloomberg Free Online Research Papers HRA is a social service city ran organization, which provides various services to over three million New Yorkers. HRA operated under the mayor of New York, Michael Bloomberg administration. The mayor is the leader over all of the New York City agencies/government such as the all-public facilities such as social services, teen programs, and adult protective programs for the elderly and children services. Mayor Bloomberg is responsible for making sure policies, governing laws, and services implemented. â€Å"His job is to enforce these laws to the fullest within the city limits: five boroughs’ Manhattan, Brooklyn, Queens, Staten Island and Bronx. â€Å"(NYC.gov. Jan 28). Michael Bloomberg oversees the city’s budget, and civil and non-civil servants employed by the city. Just like many administrations, he appoints department managers/heads and commissioners within these public agencies to oversee the operations. The department heads must also enforce the city and state laws and reports directly to the mayor. What is Michael Bloombergs hidden agenda for the City of New York? HRA (Human Resources Administration) head is commissioner Doar. He is responsible for making sure that the social service programs under his departments are functioning according to the Bloomberg policies and New York City laws. Some of the programs receive both Federal and State funding such as food stamps, and Medicaid programs. Other services provided by HRA are home care, childcare, domestic violence shelters, adult protective agency, temporary assistance, public health insurance, child support enforcement, emergency disaster unit, HEAP, HIV/AIDS and teen pregnancy programs. There are over five thousand offices all throughout the five boroughs of New York, which in addition to the above services also provides job training and placement for families receiving social services. My position with HRA is case worker and union representative for local 307, I basically wear two hats; As a caseworker I work with the Adult Protective Service and my second position Union Rep. I fight for the rights for the workers. Adult protective services assists clients’ age 18-100 yrs old age, which are abused, exploited, neglected and unable to manage their finances. My other role as a Union Representative is to advocate for workers rights, salary increase, and reach equilibrium in the work place. Meet with management to resolve unfair work conditions, try to prevent layoffs, increase overtime, stop pension cuts, and stop the increase in the health benefits co-payments. My position as the Union Representative has been more involved more than ever before due to the recent re-election of the Mayors . The city agency currently employers over sixteen thousand employees under the new administration, Bloomberg. The new administration was one of the changes, which many workers were against. Because not only did he change, the term limits law, in-order to run for a third term in two thousand and nine, which he was successful. He also stole the election and over five hundred civil service workers jobs were in jeopardy. He layer off two hundred and fifty civil servant caseworkers and replaced them with non-servant workers. Who exactly is Michael Bloomberg? Michael Bloomberg was born February 14, 1942 in Medford, Massachusetts. His parents were Russian Jews. As a young boy growing up, he kept to himself and posse’s leadership qualities as an early age. â€Å"If there was one trait that stood out in Mikes childhood, foreshadowing the adult he would become, it was his stubborn insistence on taking charge. Anything that came along, he wanted to do it! Mrs. Bloomberg said, He wanted to be the boss of whatever we were working on. He wanted to run everything.† P. 8 Purnick copyright 2009. He focused on his dream at an early age to make money. His high school girlfriend Sherman Berman recalls him telling her back then â€Å"that it was very important to be successful, that he was going to be successful because once you had a lot of money you could do things to change the world.† (Purnick pg 9) Well improve and change the way Wall Street does business he did. Michael Bloomberg graduated from John Hopkins University, Balt imore Maryland in 1964 with a degree in electrical engineer and went on to Harvard University where he obtained a Master’s degree (MBA) in Business. After graduation, he worked on the trading floor on Wall Street at Salomon investment, as one of the firm’s first Harvard MBA. Bloomberg made his first million at Salomon and changed technology. He knew computers would make the trading easier and faster for the traders. This idea was a mastermind, which evolved and made life easier for the investment world. At an early age Michael Bloomberg was always â€Å"no social reformer, he was in business to make money.† (Purnick, Joyce copyright 2009). In 1992, he appeared in Forbes’s list of the four hundred wealthiest American worth an estimate three hundred and fifty million, two years later his worth five hundred million and one billion in Nineteen hundred and ninety five. He usually gets what he wants because of his wealth and power. A mayor usually serves two terms but he decided to change the term limits so he could serve an additional term .Michael Bloomberg changed the term limits more of a transformational changed, these changes occurred suddenly without any prior notice. He didnt care what the people of New York want he had his own reason and agenda. Once he was re-elected he changed the terms back to two term for any future mayor. He runs the city like he has no care about the poor, or middle class people. He wants to lay off over 10,0000 teachers, get rid of unions, civil servant workers and privitize all public offices. This recent turn of event has created a high turnover rate, has changed the office culture, and changed the office morals. He intend on laying off teachers, fire fighters, cut back on city workers pensions, close nineteen public school buildings replace with charter schools and turnover public land to private industry. The next fiscal year, â€Å"including one point 1.6 billion in spending cuts that may be more severe if the city loses 1.3 billion in anticipated state aid. The mayors plan would balance the two thousand and eleven budget in part by firing eight hundred and thirty four city workers and cutting another three thousand four hundred and three thousand four hundred and fifty two positions by attrition, and compares with city spending of about 63.1 billion for this fiscal period, which goes through June thirty, attrition, not layoffs, would be used to reduce uniformed employees in police, fire, sanitation and corrections, he said.† (Bloomberg, January 28, 2009) Thi s is not a good idea cutting back on uniform workers during an economic crisis is counterproductive. Crime rate increases during these hard times therefore the citizens need police protection more now than before. Decrease of police workers would be detrimental to our city. Bloomberg re-election has created uproar of issues among city employees. Employees are concerned about their jobs. Problem Statement Michael Bloomberg has a reputation of getting what he wants, based upon his history of success and still does. He was always a high achiever. There is nothing wrong with success, but he uses his money and power as a form of control. His mentality portrays a man who does not accept no as a final answer, his demeanor is success at any means necessary. He wanted to extend the time served from two to third term as mayor, which meant changing the term limits to fulfill his agenda, he succeeded in doing such. Other New York City council such as Christine C. Quinn attempted this change prior to him being mayor which Michael Bloomberg fought against this change, He challenged her attempt and stated, â€Å"There is this technical imperfection, if you will, in the existing law that was approved by the public, where in theory the City Council could go and override the wishes of the public, Mr. Michael Bloomberg said at the time. â€Å"I think that should be taken away. (New York City Counci l Oct 12, 2008) He fought against these changes and won. After serving two terms as mayor, he felt two terms were not sufficient time served. Therefore, he was satisfied or he did not finish what he had set out to do. He needed to make more changes as mayor, which required more time. He decided changing the term limits was the only way to finish his hidden agenda for the city. He did not consider the public anymore, but only himself. How selfish was his actions. Many New Yorkers were angry that a billionaire who has everything he needs could just throw his money and power around for his own selfish interest. He used his money to persuade and convince his constituents to vote in his favor for the term limit change. Many New Yorkers came out to protest in front of city hall to prevent the overturn of the term limits law from two to three terms. He did not hear or want to hear our voices. He disregarded us as if we were not a part of the equation. He has no respect for people , most p eople were not complaining about the mayors two term performance, which, in fact, many had approved, but once he refuses to slow the public to vote on the term changed, this angered many New Yorkers. He lost our respect and support as mayor. Another issue we have is regarding his one dollar a year salary. Research Papers on hra verses Michael BloombergTwilight of the UAWInfluences of Socio-Economic Status of Married Males19 Century Society: A Deeply Divided EraMoral and Ethical Issues in Hiring New EmployeesQuebec and CanadaPETSTEL analysis of IndiaNever Been Kicked Out of a Place This NiceThe Project Managment Office SystemCanaanite Influence on the Early Israelite ReligionEffects of Television Violence on Children

Southeast Asia Essay Example | Topics and Well Written Essays - 2250 words

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Palestine-Israel Conflict Essay Example | Topics and Well Written Essays - 3250 words

Palestine-Israel Conflict - Essay Example The researcher states that the history of the Arab world has been a stressful one. With the end of the Second World War it has been really challenging for the academia to neglect the conflicts between the Arab society and the Israel. The case of Palestine in particular has been more exigent. It is often confused with either a set of people or a nationality. Hence, writing about it implies going either against one party or another with reference to the self-determination that the small community has in pulling itself out of the shackles of the Zionist movement. The history goes as far as the time of Moses and his followers but that will be too lengthy to trace. However, one can connect to the issue at hand by recalling the incidents of the late nineteenth century which caused a stir among the Palestinian community and the Muslim World at large. Since 1948, the struggle over Palestine between the Jews and the Arabs became an inter-state issue. The state of Palestine was removed from th e map and the Arabs consider it their duty to retrieve it and restore its fame. With the end of the Second World War, the United States and the Soviet Union also got involved in the growing complexities of the conflict which the Britain could no longer handle. For the Arabs, Zionism was an eccentric intrusion in the Palestinian politics. It felt incomplete without the independence of Palestine and resists the imperialists’ and colonial motives of the West to date,... With the passage of time, the Zionist immigrants planned on settling in the Jewish region by establishing their businesses as agriculturalists in order to acquire their lost land. When the Arabs learnt about this cause, they severely opposed the intensions of the Israeli movement. Establishment of a Jewish state meant for the Arabs going against the law ordained by God. For the Muslims in particular, they understood the exile of the Jews from Palestine as a decree by God. The oppositional cry, however, was neglected and the Zionists continued towards settling other Jews by developing a Jewish National Fund, Keren Kayemeth in 1901 under the World Zionist Organization. The Fund intended to buy land in Syria Palestine, various parts of Turkey and regions of Sinai (Quigley 4). It was only to be given to the Jews for the purpose of settlement and nobody else had the right over these lands. The lands were purchased at extremely high price but the Zionists were determined to keep them and n ever return them at any cost. Most of the agricultural land was owned by farmers for generations and the property was recognized by the customary law. But nothing could be done at such a great loss. Situation became more complicated when a British traveler observed that a Fund purchased land was labored by Arab farmers. A question was raised whether displacing them would mean a silent exchange of land with gold or a rebellion against intolerance over the land’s possession by aliens who suddenly started claiming it. The Jews wanted the land to be labored by their own people but situation could not have lasted long because of less number of Jews as compared to the land they had

Culturally competent nursing care Essay Example | Topics and Well Written Essays - 1500 words

Culturally competent nursing care - Essay Example Though the nurse was a little tough by insisting on the medication which would improve him and indicating that there was no reason for him not to take it, the patient obliged. She reminded him that this was the protocol in the post operative ward and the patient’s comfort was foremost in her mind. Her frustrated attitude was because she could not gauge why patients refuse necessary medications which could only benefit them. Deep down in my heart, I could understand why the patient refused to take the medication. The nurse was right in carrying out her duty but she could have utilized her knowledge of cultural diversity and respected the patient’s wishes. The Chinese believe that medications must be a last resort. Many in my country only take them when the pain is unbearable. This idea may seem old-fashioned to the modern world but they work for us. Demographic changes have reflected an increasingly diverse population globally. The immigration of people of varying races, ethnicity and cultures into America has similarly changed the demography. This increasingly multicultural profile of the American population requires that nurses provide culturally competent care in nursing. Leininger (1999) defined transcultural nursing â€Å"as a formal area of study, research, and practice which focuses on care beliefs based on culture, values and practices to help cultures or subcultures, not just maintain or regain their health system but also help facing disabilities or death in culturally congruent and beneficial caring ways† (Leininger, 1999). Hospitalized patients and their families are subjected to numerous stresses. If nurses lack cultural awareness and fail to provide culturally competent care, patients are more likely to experience increased stress and inadequate care provided by nurses. The understanding and provision of culturally competent care by nurses will make a difference to the health outcomes of many cultural