Music: Native Americans in the United States and Correct Answer Essay

Incorrect 1. The language used to discuss music is universal. A) True B) False Table for Individual Question Feedback Points Earned: 0. 0/4. 0 Correct Answer(s): B Correct 2. One way 19th-century Americans were exposed to European classical music was through visiting European musicians. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 3. The musical language of America is based on: A) Western European musical concepts B) ancient Greek musical concepts C) neither a nor b D) a and b Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 4. When categorizing music, stylistic labels should be adhered to rigidly. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): B Correct 5. Diverse musical traditions are a contributing element to our rich national culture. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 6. The composer of a folk song is often: A) poor B) not a musician C) old D) unknown Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): D. Correct 7. Early American settlers _______________ the music of Native Americans. A) accepted B) tolerated C) copied D) rejected Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): D Correct 8. Most early religious, folk, and popular songs were derived the styles of: A) the British Isles B) South America C) a blending of Native American and European cultures D) Native American peoples Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 9. The instruments Americans have are, for the most part, derived from those in. Europe and the British Isles. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 10. Ethnomusicologists study the social aspects of music. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 11. Generally, a culture’s belief systems and music are separate. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): B Correct 12. The merging of cultural traditions produces: A) very little of national value B) ethnic minorities. C) new styles and modes of behavior D) race tensions Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): C Incorrect 13. It is necessary for professional musicians to earn the bulk of their living from performing. A) True B) False Table for Individual Question Feedback Points Earned: 0. 0/4. 0 Correct Answer(s): B Correct 14. The primary factor in the development of America’s cultural mainstream was the predominance of: A) English-speaking settlers B) African slaves C) Native American culture D) free trade Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 15. The __________ Law of 1909 provided ownership of popular songs to composers, lyricists, and publishers. A) Permission B) Copyright C) Ownership D) Holder Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): B Correct 16. Ethnomusicologists study audiences as well as performers. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 17. Many cultures in the world are still unaffected by outside influences. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): B Correct 18. Scientific research has found that music powerfully affects the emotions of listeners. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A Correct 19. Ethnomusicologists rely on a ______________ rather than an ethnocentric perspective to study and describe music. A) regional B) local C) global D) universal Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): C Correct 20. Who composed music for orchestra, but in the â€Å"pop† style? A) Bob Dylan B) Tchaikovsky. C) George Gershwin D) Beethoven Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): C Correct 21. According to the text, it is unnecessary to acquire a sense of what exists beyond our own cultural experience. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): B Correct 22. When music is transmitted from generation to generation by imitation or memory, this is referred to as: A) notational tradition B) oral tradition C) familial tradition D) none of these Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): B Correct 23. Music labels can be: A) helpful B) ambiguous C) a and b D) neither a nor b Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): C Correct 24. True artistry is generally only found in classical music. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): B Correct 25. Music has taken on a global perspective due to technological advances in communication and transportation. A) True B) False Table for Individual Question Feedback Points Earned: 4. 0/4. 0 Correct Answer(s): A.

Belonging Essay

The poems by Steven Herrick ‘Caitlin and Mopping’ and ‘The Picnic’ written in 2000 and the novel by Amy Tan ‘The Joy Luck Club’ written in 1989. Through figurative language and poetic techniques the composers represent the sense and connection of belonging in narrative and poetic form. ‘Caitlin and mopping’ is a poem written by Steven Herrick in 2000. It is based on the compelling story of 16 year old boy named Billy, who trades the soulless tyranny of his father’s home and the tediousness of high school for a life of no fixed address. The purpose of the poem is to tell the reader the first time Billy meets Caitlin who is an employee, mopping the floors. They have daily chats, become great friends, which eventually turns into a relationship. Billy and Caitlin have this amazing connection, even though they come from two different worlds. They become very faithful with each other. The persona chooses to tell his story through direct speech and structural techniques. Steven Herrick uses poetic techniques, direct speech and relationships to help convey the understanding of integration in this poem. To prove so, when Billy steals leftover food in McDonalds, he opens up the oppurtunity to belong to Caitlin. When Caitlin observes Billy ‘stealing scraps’ she is drawn to the way Billy looks ‘self contained’. His demeanour is what encourages her not to call the Manager. Instead Caitlin ‘smiled at him. I smiled at him and said, â€Å"I hate mopping. †/ he sat in his chair/ and smiled back/ and i felt good/ that i hadn’t called the Manager. ’ Herrick uses the direct speech in this extract to demonstrate the potential for belonging etween Caitlin and Billy. She does the unexpected and puts him at ease and the motif of their smiles further emphasizes a connection between the two. This poem shows the significant moment of when Billy and Caitlin first met and the connection between the two will be stronger in time and shape our understanding of the two characters belonging to each other. ‘The picnic’ is a poem written by Ste ven Herrick in 2000. The poem is about Caitlin and Billy having a picnic together and showing their affection and devotion towards each other. The purpose of this poem is to show the growing sense of union and connection that builds between the two characters through stages of events. Herrick uses poetic techniques and relationships between characters to help convey the understanding of acceptance between the two characters. To prove so, Caitlin and Billy have a picnic together by the Bendarat River. The rhythm and pace of ‘The picnic’ is slow and calm. Herrick uses repitition – ‘We ate everything/ We took our time†¦ / It was warm,/ it was delicious†¦ – and a steady beat throughout this verse to illustrate that the way in which Caitlin and Billy come to feel a sense of belonging to each other is unhurried and easy. The use of personification ‘and the beer worked its magic’ attributes the human characteristics to inanimate the object, which in this case helped convey that the significant moment was working through ‘magic’. The enjambment in the final part o f the verse – ‘and we slept together/ only/ we really did just/ sleep together/ content/ to waste the hours/ close. – also places emphasis on the feelings of comfort and closeness that each provides for the other. This poem relates to ‘Caitlin and mopping’ with similar uses of techniques such as poetic techniques. This poem links to the significance of moments because this it is in actual fact about a significant moment where the two characters have a moment together which help shape their sense of belonging together through time. Both poems use the technique language modes. Herrick combines the modes of narrative and poetry to represent the concept of belonging. By combining these two modes of representation, Herrick is able to explore the many dimensions of belonging. The narrative mode helps him represent the process or stages of belonging quite clearly as his verse novel follows the conventions of plot. Each chapter moves the events of the story as a whole forward and we are able to see the ways in which his key characters begin to feel they belong together By using the mode of poetry as well in his text, Herrick is able to represent the emotions of his characters very economically and powerfully. This The novel ‘The joy luck club’ by Amy Tan is written in 1989. The story is about death of Suyuan Woo, an elderly Chinese woman and the founding member of the Joy Luck Club. Suyuan has died without fulfilling her â€Å"long-cherished wish†: to be reunited with her twin daughters who were lost in China. Suyuan’s American-born daughter, Jing-mei (June) Woo, is asked to replace her mother at the Joy Luck Club’s meetings. She soon realises the distance between herself and her daughters and makes an effort to get closer and create an affiliation bond. Amy Tan uses many techniques such as figurative language and flash backs to help convey the idea of belonging. Shown through each chapter, concepts of belonging are shown within events. In the chapter ‘Feathers from a Thousand Li Away’ In ‘scar’, An-mei’s mother ‘cut a piece of meat from her arm’ showing the daughter’s devotion to her mother, and sense of belonging to her. ‘This is how a daughter honors her mother’, comments An-mei. In ‘The Red Candle’ Lindo’s moving to her future mother-in-law’s house ends her sense of real belonging with her own family. ‘I missed my family and my stomach felt bad, knowing i had finally arrived where my life said i belonged’. This use of ‘belonged’ is ironic, however, since it is Chinese tradition which says Lindo belonged there, not her own feelings. Figures of speech such as similies and metaphors are used throughout to enrich the imagery of belonging. Similes are frequently used: ‘my mother loved to show me off, like one of my many trophies she polished’. The simile shows that Waverly felt her mother had made her into an object from which to gain status, a perception which impaired for many years her sense of belonging with her mother. Metaphors often help enhance a character’s erception about belonging, as Waverly’s later epiphany about her mother: ‘I could finally see†¦ an old woman, a wok for her armor, a knitting needle for her sword’. The metaphors of the wok and the knitting needle show Waverly’s realisation that Lindo is not threatning, and help her to regain a sense of belonging with her mother. Flashback is used in every story an d helps the reader to understand the sense of belonging or not belonging of the characters. The flash backs help us understand the characters by revealing aspects of their past. The Joy Luck Club’ relates to the two poems from ‘The Simple Gift’ because they are all similar with techniques (such as figurative language) and understanding of belonging and acceptance within the texts. The quotes, techniques and examples above emphasize that siginificant moments in life shape our identity and individuality of integration in time. It has been proven that the poet and author of the two texts have used developed structures, poetic techniques and structural techniques. The examples have proven that both, novels and poems, use significant moments in time to shape our understanding of belonging.

Succubus Heat CHAPTER 2

I don't really have anything against Canadians. They're nice. Really nice. But that didn't mean I wanted to go curling with them, and there was always a danger that if Jerome was in the right mood, he might decide to make this temporary assignment a permanent one. I didn't think he would, though. Underneath all the gruffness, Jerome liked me-inasmuch as a demon could truly like anyone. Admittedly, he'd liked me a little less since Seth had turned my life upside down last fall, but when I wasn't sporting massive attitude, I think I amused Jerome. Amusing things are few in the face of eternity, so hopefully that would be enough to ensure my job security. I left Belltown and headed over to Queen Anne, another Seattle neighborhood. I both lived and worked in Queen Anne, and if I was about to disappear for a while, my mortal employer should probably know. Unfortunately, going into work meant facing some unpleasant things that I wasn't really in the mood for tonight. â€Å"Georgina! What are you doing here?† Maddie Sato, the Brutus to my Caesar, came scurrying up to me as I entered Emerald City Books and Caf? ¦. In Maddie's defense, she hadn't known Seth and I were dating when they'd slept together. So, it wasn't like she'd knowingly stolen him from me. That didn't really change my feelings toward either of them, though. â€Å"I need to see Warren,† I said, suspecting I probably reeked of vodka and smoke. â€Å"Is he here?† She shook her head, making her glossy black hair sway. It was worn in a long, sleek style I'd taught her how to do. â€Å"He left about an hour ago. Didn't want to stick around for closing.† I glanced at a clock. I'd barely made it in before they locked the doors. I tapped my foot impatiently, wondering if I should call Warren at home. Finally, I asked, â€Å"You got a sec to go over some schedule stuff? I'm going to be out for a few days†¦or maybe more.† â€Å"Sure,† she said, smiling and showing dimples. â€Å"You want me to grab Doug too?† â€Å"He's here?† Both assistant managers closing in one night. It was a stroke of luck. I headed off to my office while she went to fetch her brother Doug. My desk was organized for a change, and I found the clipboard bearing the schedule for the next couple of weeks. I skimmed it, relieved to see we had a full complement of staff for a change. My immortal friends didn't understand why I cared so much about this job. There had been days recently-days when I didn't want to get out of bed because I was so depressed-that I'd wondered the same thing. But the truth was, eternity was an extremely long time, and I'd spent most of my time always occupied with some activity. It was part of my nature; I couldn't be idle. And sometimes- sometimes -I could get so caught up in the day-to-day affairs of the human world that I could almost pretend for a heartbeat that I was one of them again. â€Å"I don't think we'll need anyone to cover me,† I said when I heard the office door open a few minutes later. â€Å"Someone'll just need to take over my-† I looked up. Maddie had returned, along with Doug, but they weren't alone. Seth was with them. All the easy confidence I'd shown in the store, all the brashness and bravado I'd shown at the club†¦it all shriveled up into a cold, hard knot as I looked at him. Walls slammed down around me. How could he affect me like this, particularly while wearing a Buck Rogers T-shirt? It had been three months. Why wasn't I over him? Why did I still want to cry or break something whenever I saw him? â€Å"Whoa, Kincaid,† said Doug, partially distracting me from my angst. He glanced at my outfit and raised an eyebrow. â€Å"We interrupting your social life?† I wore a knee-length black trench coat over a short red dress. My makeup was done to seductive perfection, whorish dark eyeliner and lipstick to match the dress. Shape-shifting in the car would have been a snap, but I didn't feel like I needed to prove anything here. In fact, I kind of reveled in my tramp look tonight. â€Å"Apparently this is my social life, if I'm pathetic enough to come in on a Saturday night.† I forced myself to focus on Doug and Maddie only, trying hard not to look at Seth's soft, coppery brown hair or gentle eyes. Why did he have to be here of all nights? The answer: he was here every night. He was an author and did his best work in coffee shops. When we'd broken up, he'd tried to tactfully find another and stay away from me, but Maddie-oblivious to his reasons-had begged him to stay at the bookstore's. â€Å"Where are you going?† asked Maddie. â€Å"Is everything okay?† â€Å"Yeah, yeah,† I said brusquely. â€Å"Long story.† I beckoned Maddie and Doug to the clipboard, explaining again how I was pretty sure the store would be fine without my labor, so long as they could cover the tasks I did as manager. We sketched out a brief list of my responsibilities, like payroll and inventory, and began divvying them up. Doug tapped the list. â€Å"I've done all these before, at one time or another. They're no problem. I'll take the first half.† He elbowed his sister. â€Å"What about you? You gonna take the rest and pull your share here?† Maddie pursed her lips. She was immensely talented but suffered from bouts of insecurity, which I'd repeatedly told her was ridiculous. She'd improved a lot over the months-again, thanks to me-but still faltered. â€Å"I didn't realize you did so much. I hope I can learn it all.† â€Å"Stop playing coy. I'll teach you,† said Doug. â€Å"You'll be as good as Kincaid in no time.† â€Å"Yeah,† I said dryly. â€Å"We're practically interchangeable anyway.† Out of the corner of my eye, I saw Seth shift uncomfortably. â€Å"The whole thing seems kind of sketchy, though,† remarked Doug, tilting his head so that his black hair fell away from his face. â€Å"You're going to be gone, but you're not sure when or how long? I thought you were the reliable one around here.† â€Å"It's†¦family stuff,† I told them. â€Å"Just gotta be dealt with. Besides, now you can have a chance to be responsible. You should be thanking me, Doug.† He stuck his tongue out at me. â€Å"Is Warren going to be okay with it?† asked Maddie, still fretting on my behalf. â€Å"Let me deal with Warren,† I assured her. Doug scoffed at that, but Maddie didn't catch on. Warren, the store's marginally moral owner, had been a longtime sex buddy of mine. He gave me about as much energy as Dante, but he was convenient and suited my mood lately. I'd stopped our tryst while dating Seth but had since returned to old habits. Doug had known about my affair with Warren then and now but was tactful enough to leave me to my own choices, aside from the occasional bit of eye rolling. I suspected Seth knew what was going on too, but I didn't care. Warren wasn't going to give me any grief about taking time off. I was too good at what I did, both at work and in the bedroom. We shuffled one shift where I was supposed to have closed, and then I tossed the clipboard back on its pile, suddenly needing to get out of there as soon as possible. â€Å"Alright. Thanks, team. I'll leave you to your work.† â€Å"Off to hit the town?† asked Doug, still amused. â€Å"I can join you in about a half-hour. I know a killer party.† I shook my head. â€Å"Already hit the town. I'm heading home.† â€Å"Loser,† he called after me. Maddie wished me well with my mysterious time off, and then I left them, walking through the store and exchanging greetings with my other co-workers as they scurried around with their closing tasks. I'd nearly made it to the door when I heard someone call my name. I turned and saw Casey hurrying toward me. She was twenty or so and went to the University of Washington. She'd worked here almost the entire time she'd been in college and was one of our best employees. So, I stopped and forced a smile, my eyes straying longingly toward the door. â€Å"Hey, what's up?† She grinned, dark eyes sparkling. â€Å"I wanted to know if you were going to go to my party next weekend,† she said. â€Å"You never answered the e-mail.† I didn't remember any e-mail, but then, I'd been pretty trigger-happy with the delete key lately. â€Å"I didn't get it,† I lied. â€Å"What's going on?† â€Å"It's my graduation party. This Sunday.† I frowned. â€Å"It's April.† â€Å"I'm graduating early. I got all my credits finished up, so I don't have to do spring quarter. Pretty cool, huh?† â€Å"Whoa,† I said, actually impressed. â€Å"That is cool. Math, right?† â€Å"Math and Latvian.† â€Å"Why on earth-never mind.† Now was not the time to pursue why someone of Filipino heritage was studying Baltic languages. â€Å"I wish I could go, but I'm leaving town tomorrow for some family stuff and don't know when I'll be back. I'm really sorry.† Casey's face fell a little, but she told me she understood. And like Maddie, she wished me well and hoped my â€Å"family† business would be taken care of easily. That made two of us. She left me and went to finish her closing tasks. As soon as I cleared the store's door and was outdoors, I stopped and exhaled. Breezy night air washed over me. Being in Seth's presence was smothering. It stirred up too much in me. Even while talking business and numbers with Doug and Maddie, most of my attention had been on Seth-exactly how far away he stood from me, the way he smelled, the way his messy hair stuck up today. Everything else had been background noise compared to him. Reaching into my purse with shaking hands, I pulled out my cigarettes, desperately needing one for the walk home. I'd smoked for a century or so and stopped ten years ago, something I'd been very proud of, even though I was immune to the effects. Stress had driven me to pick up the habit again. I felt a little bad about subjecting others to secondhand smoke, but honestly, smoking was the least of my problems right now. â€Å"Fuck.† I flicked the switch on my lighter and got nothing. Three more flicks produced similar results. Holding the lighter up to my ear, I shook it. Nothing. It was out of fluid. â€Å"Fuck,† I repeated. I only lived a few blocks away, but somehow, that walk was now going to be agony. Suddenly, I heard what sounded like a boot scuff around the corner of the building. Frowning, I took a few steps forward, wondering if anyone was there. This area was pretty safe, but Lower Queen Anne still had its share of vagrants. Yet, when I glanced around the corner, there was no one there. There was, however, a pack of matches lying on the ground. Kneeling down, I picked the book up and examined them. Mark's Mad Martini Bar. I'd been there a long time ago. It was in Upper Queen Anne, not too far away if you didn't mind trekking up the hill. It wasn't unreasonable that a pack of their matches would find their way here. What was weird was that the matches showed up right when I needed them. Behind me, I heard the store's door open. â€Å"Georgina?† I rose and turned sharply around. Seth. â€Å"Hey,† I said, hoping for blandness. The smothering feeling returned. Light from inside the store lit up his features in the twilight, and I ate up every line and angle of his face. His eyes looked dark in the dimness, but in full light, they were brown infused with amber. He stuffed his hands into his pockets, and his gaze wouldn't meet mine. It was painfully reminiscent of how he'd been when we first met, too shy to look directly at me. â€Å"I wanted to see if you were okay,† he said after several awkward moments. I turned the matches over in my hand a couple of times and then placed them in my purse's outer pocket. â€Å"I'm fine,† I said, keeping my voice cool and distant. â€Å"It's just†¦Ã¢â‚¬  He relaxed slightly and gave a small, rueful laugh. â€Å"When you're vague about your activities and mention ‘family,' it usually means immortal business. And immortal business always means trouble.† I started to smile, then immediately squelched it. â€Å"Yeah, it does, and believe me, it's a great one this time.† Even after everything that had gone down between us, there was such a comfort and familiarity with him that I immediately wanted to launch in and recap the story for him. I could already see us both laughing at the idea of Canadian Satanists. I could perfectly picture the way Seth would shake his head in exasperation. But it wasn't to be. I was too hurt and too proud to even allow him friendship, so I just shrugged and said, â€Å"But it'll work out. It always does.† â€Å"Yeah†¦but usually not without a lot of hassle. I'm just worried about you, that's all.† â€Å"You don't have to be.† Not anymore . â€Å"I'm not in any danger. Mostly just annoyed.† He opened his mouth to speak, and I knew the gesture. He wanted to argue that there was still cause for concern-but times had changed. He swallowed and let the comment go. More silence fell. I knew I should leave, but somehow, I couldn't make myself do it. He apparently couldn't either. â€Å"You†¦you look really great tonight,† he said at last, still fumbling for conversation. There was a catch in his voice. He knew my looks tonight had to do with more than just my body and outfit. The energy I'd stolen from sleeping with the therapist wreathed me. Life and its power were irresistible to all creatures, mortal and immortal alike. Immortals could literally see that life glowing around me. To mortals, I simply looked beautiful. Unearthly. Perfect. For the sake of politeness, I pretended he was complimenting me for normal things. â€Å"Thanks. I was out with the others when all this†¦stuff†¦went down. It's kind of put a damper on my partying, though.† He nodded by way of answer and shifted so that he actually made eye contact. I wished he hadn't. My heart melted inside me, and I felt a sob building in my chest. Desperate for something to do, I took out the serendipitous matches and lit the cigarette I'd been holding the whole time. I took a long drag and exhaled. Seth stepped back. He wasn't a fan of smoking. It was like I suddenly had armor. â€Å"Well,† I said, feeling bolder, â€Å"I should go home and pack. See you around.† I turned and had only taken a step when he called out to me. â€Å"Georgina?† I glanced back. â€Å"Yeah?† â€Å"Do you†¦um†¦Ã¢â‚¬  He faltered, and again, I was reminded of that long-ago Seth. Bittersweet feelings burned within me. â€Å"Do you need someone to feed your cat?† I didn't know whether to laugh or cry. â€Å"No, but thanks. Cody'll do it.† I spoke the next words, fully knowing they'd inflict damage. â€Å"Or Dante will.† Seth flinched, and somehow, I felt both triumphant and sad at the same time. â€Å"No problem,† he said haltingly. â€Å"Just thought I'd, you know, check.† â€Å"Thanks,† I said again. We held each other's gazes a few more moments, and then I turned away and walked off into the night.

Rather than being a medium for western culture alone,the internet Essay

Rather than being a medium for western culture alone,the internet actually help promote and strengthen the societies - Essay Example Today, social networking websites seem to have turned the whole world into one single social platform where people belonging to different cultures and ethnicities communicate with each other and promote each other’s cultures (Tomlinson 1999). According to Hermeking (2005), significant influences of international cultures can be seen all over the internet today. Cross cultural marketing is being done to promote products from countries all over the globe including the non-western nations. Internet may be regarded as one of the reasons behind the increasing trend of globalization in the world (Slevin 2000). It can be said that internet has become one of the best sources for any kind of information and communication throughout the world has become very easy after the advent of the internet. Business entities seem to have put internet to use at its maximum potential and still a number of possibilities of innovative use of the internet pop up every day (Lengert 2000). So many signif icant business entities all around the globe have put their products on their website and users can easily view the features of the products and buy them online. Some of the significant organizations that conduct online business are Walmart and Amazon. Internet has made online businesses very easy and the best thing about using this resource is that it is not limited to a single society or a nation, internet can be used by anyone all around the globe and this has given the opportunity to non-western nations to introduce their products to other parts of the world. Internet has not only helped non-western nations promote their cultures internationally through internet but it has also helped them boost their economies through the exposure of their potential in the global market (Slevin 2000). The internet is being used widely as a primary source for real time information all over the globe therefore it has become significantly easy for western entrepreneurs to access information regard ing non-western nations, their human resource and the way business is conducted in such nations (Lengert 2000). The real time availability of such information has helped the non-western nations to present their potential to the international market and it has increased the probability of investment in non-western nations. IMPACT OF INTERNET ON BUSINESS OF NON-WESTERN NATIONS Internet has played a very important role in promoting business of non-western nations in the global market. Internet is one of the reasons behind the increasing trend of Foreign Direct Investment in underdeveloped countries. Following is the analysis of increasing trend of international investment in non-western countries. Internet and Multinational Entities As mentioned earlier, internet may be one of the biggest drivers of globalization. The exposure of the potential of the non-western nations to the international investment drove the attention of multinational entities to such countries (Park & Jun 2003). Wi th the development in internet, it can be observed that investment in under

PEST Assignment Example | Topics and Well Written Essays - 750 words

PEST - Assignment Example . The democratic political setting in the country and for its neighbours has an impact of peace and confidence that the system can assure to investors. The cost of business operations are largely determined by free economic forces of demand and supply, since democratic establishments do not interfere with market forces. Business is also favoured by the fact that extra costs incurred during political unrest occasioned by political instabilities are not a factor in the country. Government policies that directly influence business operations are targeted at making Singapore achieve a major stake in Asian economy. For instance, judicial system which may act as an indicator of investor security was ranked one of the best in Asia in 2008. A survey in the year placed Singapore ahead of major economies such as Japan and China. Heavy judicial penalties that include corporal punishment and death sentences are imposed on defaulters of established business practices, sending pleasant and protective signals to investors. However, Amnesty International and other human rights bodies have continually criticised these penalties. Information on taxation and foreigners’ ownership of property in Singapore is yet to be determined for a clearer political picture. Foreign policies adopted by Singapore have established cordial relations with the United Nations, Commonwealth as ASEAN movements. Business relations with almost the entire world are therefore facilitated in Singapore foreign relations framework. The strategic roles played by Singapore in international treaties and forums have enabled a good business environment to be established with its counterparts. A good example is the Asia Pacific Economic Cooperation (APEC) forum, whose secretariat is located in Singapore position it at an important economic advantage. According to recent Government Monitor (2010), economic dip did not affect the

Evaluate the causes, consequences and lessons from the Cuban missile Essay

Evaluate the causes, consequences and lessons from the Cuban missile crisis - Essay Example In response, the Kennedy administration found it necessary to reveal to Khrushchev that he had not made any space missiles. Khrushchev had always known the U.S. had more missiles but now he knew that the Americans knew. Khrushchev knew that Soviet missiles were sufficiently powerful to be launched against Europe but U.S. missiles were able to find all of the Soviet Union. (Article Think Quest, 2011) Moreover, Khrushchev felt boxed in the enemies. For example, he cited the U.S. missiles in Turkey, only 150 km away from the Soviet Union, Cuba was only 90 km from the coast of Florida, but the gap of 60 km was "no anti-missile" Khrushchev said. Above all, however, Khrushchev feared the first strike in on whether the Soviet Union lost the arms race so badly, he worried, call the first strike with nuclear weapons the United States because of Khrushchev began looking for a way to counter the United States, for example. (Article Think Quest, 2011) One of the main reasons was the fear of inva sion of Cuba, the United States since he came to power in 1959, Cuban Premier Fidel Castro was aware of certain United States is trying to move him. First there was the failed Bay of Pigs invasion by CIA-backed Cuban exiles in 1961. One was a U.S. military exercise in 1962. The armed forces in a mockery of an attack on a fictitious Caribbean island to overthrow the dictator, whose name was Castro Ortsac back. In addition, the United States was drawing up a plan to invade Cuba (Operation Mongoose). Mock attack and the attack plan was drawn up to keep Castro nervous. Finally, the CIA was running covert operations throughout Cuba trying to damage the Castro government. So, Castro was convinced the United States was seriously invade Cuba. (Article Think Quest, 2011) In April 1962, designed the Soviet Premier Nikita Khrushchev to the idea of placing intermediate-range missiles in Cuba. Deployment in Cuba would double the Soviet strategic arsenal and provide a real deterrent to a possible U.S. attack against the Soviet Union or Cuba. Khrushchev promoted the KGB station chief in Cuba Alexander Alekseev to Ambassador to negotiate for Castro's approval of the plan. Castro did not openly reject the idea at first, but instead he gave it serious. To believe it is better to risk a great crisis than wait helplessly for an invasion, Castro accepted Khrushchev's offer. In mid-July 1962 the USSR began its construction of offensive weapons in Cuba. The crisis could have and should have been avoided. If we had done an earlier, stronger and more clearly explain our position regarding Soviet nuclear weapons on the Western Hemisphere, or if the Soviet government was more thoroughly assessed the evidence existed at that point, it is likely that the missiles would never have been sent to Cuba. Importance of accurate assessment of mutual interests between the two superpowers, are clear and consistent. Reliable intelligence and allows the effective selection, the response was just the right time. It 'been mostly political mistakes, and professionals who have made a lot of intelligence is available in the past. But it was also a timely recognition of the need not fly to the bottom of the dangers that produced the decisive photographs. The need and extent of control from above, including the audit work of the Soviet missile withdrawal should not be underestimated. When the importance of accurate data crucial policy decision is high enough, otherwise

Ethics in sport Essay Example | Topics and Well Written Essays - 2500 words

Ethics in sport - Essay Example This policy is grounded o the hypotheses that there key principles required for the creation of quality sport and should be incorporated in the policy. These principles include: the sport should be value-based, efficient, technically sound, planned, sustainable, shared, and comprehensive. Also, it is necessary for participating in sport activities to maintain good conduct and maintain integrity of sports. The policy is a tool of offering the Government and other non-governmental organizations (NGOs) the appropriate direction so as to realize the desired results. It enables the government and NGOs to flexibly carry out their core mandates within their jurisdictions, and consistently contribute to the set objectives. Implementation of the policy is done through complementary action plans deduced by the state either individually and collectively, or bi-laterally and multi-laterally, or both, and other stakeholders in the sport and related sectors. Due to the constantly evolving and dynamically changing technological advancements and developing of new needs these policies should be under constant review to meet these needs (Bloyce & Smith, 2009). Governments always get involved in the development and promotion of sporting activities amongst its people. This is evident especially in sport systems at the national or high-performance level and in the community level irrespective of the age and experience of an individual. Notably there are few governments that venture into sport activities as a way of promoting peace and development, both domestically and internationally. Sport activities actually can positively impact on the growth of the countrys economy and allow the state achieves its developmental goals. However, currently sports experience to champion for these goals has been great been cramped to several small-scale ventures. It is regularly undertaken through policy frameworks

Personal Views regarding Socializing with Superiors and with Essay

Personal Views regarding Socializing with Superiors and with Subordinates - Essay Example This will translate to less efficiency by the superiors in running of the organization. This is evident where a subordinate to whom there is a close relationship with a superior cannot be terminated from employment, given a pay cut or reduced responsibilities for whatever reason, as this will negatively affect the social relationship (Rue et al, 2013). The other disadvantage of subordinate-superior social relationship is that it results in a loss of respect for the manager, as they will treat each other as friends affecting the ability for quality job performance. Socializing will not allow for constructive judgment and performance appraisal that is required of each employee by the superiors leading to unfairness and injustice in job performance (Rue et al, 2013). However, there is a need for some social interaction between subordinates and superiors and between subordinates their selves. These include taking drinks together and parties but there has to be professionalism where the superior leaves first and the conversations based on non-work issues. Subordinates can have social relationships at the work place as they have the same characteristics including having the same experience, same level of skills and education, and the performance of duties at the same level. These social relations aid in the development of teamwork, development of trust between employees, and the creation of a bond between the

Non-probability Samples in Management Research Essay - 1

Non-probability Samples in Management Research - Essay Example It is evidently clear from the discussion that all individuals have equal chances of being considered for selection in probability sampling. The outcomes of probability sampling are more likely to give a fairly accurate representation or reflection of the entire population. It is imperative that researchers consider the availability, time, cost, and the subject to research about when choosing a sampling technique. Probability sampling has gained vast popularity among scholars in both fields of quantitative and qualitative study. Overall, researchers or project managers would employ non-probability in the survey while holding on to a basic assumption that the entire population has evenly distributed characteristics. In this case, non-probability samples would be relevant in generating accurate results, as well as inferences about the population under study. Even though non-probability samples are ineffective for generalizations of results about the entire population, they are highly b eneficial when the researcher faces workforce constraints, inadequate funding, accessibility problems, and limited time. A non-probability sample refers to a sample or sampling technique that is not based on the methods of random selection. On the contrary, probability samples are based on random selection techniques. All individuals or subjects in a probability sample have equal chances of being considered for selection during probability sampling. First, non-probability samples are valuable in circumstances where only the sample units that are conveniently and easily accessed. Secondly, non-probability samples enable the researcher to generate ideas and get constructive feedback. A typical case is when a project manager uses quota samples (females and males) to generate important ideas and obtain pertinent feedback. Thirdly, non-probability sampling is less costly and more convenient. The sample is widely applicable in situations where the researcher wants to generate ideas throug h sampling but lacks adequate funding to undertake a more comprehensive study of the entire population.

HR Audit Report Essay Example | Topics and Well Written Essays - 2000 words

HR Audit Report - Essay Example 994), â€Å"Although traditional sources of competitive advantage such as the natural resources, technology, economies of scale and so forth create value, the resource based argument is that these resources are increasingly easy to imitate, especially in comparison to a complex social structure such as an employment system. Hence, human resource strategies may be an especially important source of sustained competitive advantage†. The mission of the organization is to â€Å"provide quality bakery products at competitive prices†. The quality consciousness in reflected in the policies of the management in the production, marketing and customer service. But on the other hand the management should also try to evolve new methods to evaluate the cost of various operations more stringent. The assurance of quality should not be increasing the cost and this will tend to push the prices up and high prices will not help the bakery to achieve its mission. The vision of the bakery is â€Å"To be a leading bakery in major cities of the country†. The vision of J Co is not clear and it is very ambiguous in its definition of the exact terms. This kind of vision statement will not help in aligning the organization to wards achievement of goals. Based on the mission and vision, the management of the company has formulated the objectives. The annual objective of J Co bakery is to increase the sales by 10% in the year 2008. To achieve the target growth first an analysis of the planning activities and organizing activities is necessary. The audit of the plans show that J Co has planning done extensively for increasing the sales. But it is lagging behind in its lack of planning in the area of projection of resources required to achieve the sales. The plans do not allocate budget effectively for each retail outlet but only a general allotment of money on a whole. Hence, the personnel in each outlet do not have a clear picture about the allotment of money to carryout their operations and

Statement of purpose Personal Example | Topics and Well Written Essays - 500 words - 8

Of purpose - Personal Statement Example Some of the main subjects that I have studied in my undergraduate school include signal and systems, satellite communications, antenna engineering, multimedia and networks, digital science processing, and wireless networks. My grades in all of these subjects and others truly reflect my interest in studying communication science. My passion for studying communication science started finding its roots when my father brought a new mobile phone in the early 2000s. I became very surprised to see a little device working without any wire. I had not seen any such device before. My interest started to develop in that device and the science behind it. With the passage of time, it led my way to select communication science as my major for my undergraduate studies. By the time I was done with my graduation from high school, I had become sure that my future lies in studying communication engineering. This is the main reason why I want to go further in this particular field. Upon graduating from the King Khalid University in Saudi Arabia, I decided to move to the next step towards building my knowledge in communication engineering. I have worked as a teaching assistant in Jazan University for almost a year. I have also participated in various teaching courses, such as, introduction to computer science, wireless networking, and digital logic design. As far as my immediate and long-term goals are concerned, my immediate goal is to pursue PhD degree after completing my master’s degree. My long-term goal is to continue my professional career by going back to my university and lead researches related to wireless sensor networks and communication engineering. Another reason why I am interested in the master’s degree program of this university is my passion and interest to get higher education from one of the top universities of the world. I am seeking my professional career in communication engineering. This is only possible if I study

Extinction of a Conditioned Stimulus Essay Example for Free

Extinction of a Conditioned Stimulus Essay Method: In this experiment, an untrained rat was utilized in order to display the Movement Ratio. 1 stage was selected with ten (10) trials. Each trial had a five (5) minute interval between trials to allow the rat to recover from the medium intensity shock. A medium intensity tone was selected as the Conditioned Stimulus (CS) selected to precede the Unconditioned Stimulus (US), a medium intensity shock. Stage 2 was selected with thirty (30) trials. Each had a five (5) minute interval between trials to allow the rat to recover from the medium intensity shock. A medium intensity tone was selected as the Conditioned Stimulus (CS) to precede the new Unconditioned Stimulus (US), no stimulus. Hypothesis: In the first set of trials, Sniffy will learn to associate the tone with shock; illustrating fear-related behavior or freezing behavior at the tone. In the second set of trials, stage 2, elimination of a conditioned response (CR) (freezing or fear-related behavior) learned in the first set of trials will occur by repeatedly presenting the CS without the US. Results: In the first set of trials; the increase from 0 to 0.7 in the Movement Ratio illustrates that the tone CS, is acquiring the capacity to induce freezing behavior and other fear-related behaviors. As the movement ratio increases, the CS response strength mind window show that the tone’s capacity to elicit fear as a psychological process is increasing. In the second set of trials; the movement ratio window illustrates that repeatedly presenting the CS without the US causes the CS to gradually stop eliciting the freezing and other fear-related behavior. The CS Response Strength mind window shows that this behaviors change is the result of the CS’s losing its capacity to elicit the fear response. Independent Variable (IV) – first trial = shock; second trail = none Dependent variable (DV) – first and second; fear-related behavior, freezing behavior The movement ratio is the proportion of time during each CS presentation that Sniffy is frozen or manifesting other fear-related behaviors.

Impact of Globalisation on Nation Borders

Impact of Globalisation on Nation Borders Globalization has had its impacts on world cross-border flows e.g flow of capital. There has been an increase in international economic activity which has expanded world trade and general capital flow. Goods are flowing across national borders easily through reduced trade barriers and new transportation methods. However, it cannot be stated that the world has become borderless. The aim of this paper is to show (through examining the U.S’s border and trade between Canada) that borders still exist and impact daily trade. In fact, it can be anticipated to see that there are new types of borders or divides being formed within countries such as the U.S. Borders are being used to reinforce protection, define territories and influence prices of material imported from other countries. Borders can be viewed differently depending on their purpose and distance from which the border is being viewed. From those different perspectives we can see that the world still has borders, they just c hange in their function depending on different aspects (Globally, Transnationally or Realistic). Economies of nations are correlated through trade of goods, services, information and even migration. Economic integration reduces barriers between national economies through governments lowering tariffs and other trade barriers strengthening trade and helps create a borderless world. Technological advances in communication have also promoted integration in the way that they ease access to knowledge of further consumers and products. Borders still have impacts on markets even close countries such as, U.S product markets and neighbouring country, Canada. The idea of having no borders and complete economic integration means having no trade barriers between countries. Canada and USA have eliminated numerous barriers of trade between them, CUSFTA and NAFTA had eliminated barriers to bilateral trade for numerous goods before the recent trade agreements (Ceglowski, pg 22). Geographically, these countries are in favourable locations for trade. Greater distances would lead to higher costs for transportation and services hindering the economic integration between them. USA and Canada share one long border which can easily be crossed through land or water. Over  ¾ of the Canadian population lives within 100 miles of the U.S border therefore the two countries share a number of social, political, cultural aspects. Majority of these countries’ population speak the same language which all together encourages bilateral trade and other cross border activities. They currently exchange approximately $1 billion goods and services per day, they’re the world’s largest bilateral trade flow. However, the border still affects economic activities between them. Research shows that Canadian provinces trade much more with other Canadian provinces than the U.S states of same economic size and distance. Ontario which is roughly the same distance from Br itish Columbia and Washington traded 7 times more with B.C than Washington in 1990. Despite Washington being a larger economy there was an apparent home bias in Canadian merchandize (Ceglowski, pg 23). There are other nontariff barriers such as licensing, health and safety regulations, gov’t procedures that often impact trade. For example, in early 1990’s Ontario established a 10% tax on all can beers with the aim to encourage container reusing. However, the U.S beer manufactures saw this as a protectionist rule because they mostly sell their beer in cans which meant the tax would have a huge impact on their product (Ceglowski, pg 24). If borders were non-existent and had no impact on trade, there would be no price difference or different currencies between same products in the two countries. In the case of USA and Canada, despite the distance being significantly lower than other trading countries, prices between a city in Canada and USA are higher than it would be between cities within the same country. Even between U.S.A and Canada, there is a difference in currency which is another indicator of a border. International transactions have risks which also act as barriers for international trade (Ceglowski, pg 25). Borders still play critical roles in politics. Some may argue that their functions are changing rather than them fading. Malcolm Anderson considers borders as a dynamic element of the state; they’re used as an instrument of state policy. When governments change the place and function of their borders, it’s for specific benefits for their state and citizens. The policies and actions of state authorities are determined by clearly defined borders and borders are used as national identities. Moraczeska compares the role and place of borders according to their perception, importance and actions taken to execute rules within the borders. In her comparison, Moraczeska compares these aspects from a realistic, transnational and global aspect: Figure 1.0: Table comparing border roles, perception and importance from three aspects (Moraczewska, pg 333) From Moraczeska’s table it is clear that from a realistic, technical view, borders serve as an element of nationality and separation. It acts as a barrier against threats, the border acts to fragment regions with the aid of infrastructure made for securitization purposes and militarisation at the borders. At a transnational perspective, borders still play the role of fragmenting regions but it’s not a solid dividing line. It’s considered permeable where there’s a gradual abolition of infrastructure which opens up flows of goods, money and people. Globally, the borders are perceived as international markets. They’re viewed as a â€Å"virtual line†, a line only seen on a map but don’t exist for global markets which reinforces the concept of the world as a whole becoming borderless. We can also see that globally, the importance of a border is downplayed. It’s not viewed as a barrier but as a unifier for international flows. The border functions as a mixed market system and legal system. So the border is still connected with a territory but its function changes in the way that it divides one zone (economically, monetary, politically) from another but it’s not related to a nation-state but to a market. Borders between these different zones can be sources of profits/benefits or losses therefore, the idea of a borderless world isn’t completely true even from a global perspective (Moraczeska, pg 334-336). Whereas borders seem to be more porous when it comes to trade, U.S borders are becoming more securitized when it comes to immigration. After the terrorist attacks September 11, 2001, the U.S (and multiple other states) has become determined to gain more control over their external borders. The USA has reinforced visa requirements and immigration procedures to control international movement of people. The US has also began construction of hundreds of miles of fencing along its border with Mexico. This process doesn’t only restrict material flow from Mexico to USA but also cuts off thousands of people who benefited from job opportunities (Newman, pg 149). Many other nations around the world such as Thailand, Uzbekistan, Iran, Brazil, Botswana, Spain have also strengthened their existing border barriers (Alexander and Hagen, pg 1197-1198). U.S.A’s border strengthened since the 2002 hearing. During this hearing, technology experts were asked to find a way to fight the war on terror using risk profiling techniques. Two years from this hearing, the US Department of Homeland Security announced a $10 billion project (US VISIT) to restructure and manage US air, land and seaport of entry security. According to Accenture, this project is designed ‘to operate far beyond US boundaries’ enabling Homeland Security to assess security risks of all US-bound travellers, preventing potential threats from reaching the US borders. This biometric border brings extends the government’s ability to examine and govern multiple aspects of daily life. The US VISIT programme acts against the idea of porous international borders that are open for business. It objectifies and categorizes people as subjects and breaks them up into predictable risk factors for him or herself (e.g gender is taken as a possible risk factor f or the subject) or to others (e.g illegal immigrants) (Louise, pg 339). This programme creates multiple boarders even within USA itself. In 2003, Accenture organized workshops for American citizens suggesting that ‘well intentioned Americans should volunteer to help fight the war on terror’ however, insinuations of citizen profiling for the other ethnicities in America such as Arab Americans are never questioned for being more racial and ethnic targeting. This creates a divide between ethnicities within USA (Louise, pg 346). Even though the U.S and other nations around the world have become more open to trade, borders between nations still exist and impact trade flows. The border between USA and Canada has large impacts on the trade flow and prices between the two nations. It can be seen that if two neighboring countries such as these still have border impacts despite the banishing of a lot of barriers and tariffs, countries trading from further will be faced with border impacts as well. This proves the idea of globalization making the world borderless irrelevant. We also saw that borders can be viewed differently and can have different roles. Borders viewed from a global aspect tend to play an integrative role were as from a realistic and transnational perspective, they take on a dividing role. Borders cannot be viewed from a single perspective; they continue to function differently in different scales. Throughout this paper it was also established that borders aren’t just the markings or fences that separate one nation from another, virtual borders within countries (e.g USA) can be formed and are being formed. Therefore, it cannot be argued that the world is becoming borderless. Rather, borders are transforming. Bibliography: Amoore, Louise. Biometric Borders: Governing Mobilities in the War on Terror. Political Geography 25.3 (2006): 336-51. Political Geopgraphy, 2006. Web. 30 Oct. 2014. Ceglowski, Janet. â€Å"Has Globalization Created a Borderless World?’ Bangkok: John Stirling for The Nation, 1973. Web. 30 Oct. 2014. Diener, Alexander, and Joshua Hagen. Theorizing Borders in a ‘Borderless World’: Globalization, Territory and Identity. WILEY Online Library. Blackwell Publishing Ltd, 18 Mar. 2009. Web. 16 Nov. 2014. Moraczewska, Anna. The Chnaging Interpretation Of Border Functions In International Relations. Revista Romà ¢nă De Geografie Politică XII.2 (2010): 329-40. University in Lublin, 23 Nov. 2010. Web. 10 Nov. 2014. Newman, David. The Lines That Continue to Separate Us: Borders in Our borderless World. Progress in Human Geography 30.2 (2006): 143-61. Sage Publications. SAGE, 2006. Web. 10 Nov. 2014. Newman, David. World Society, Globalization and a Borderless World: The Contemporary Significance of Borders and Territory. World Society Foundation, 2005. Web. 16 Nov. 2014. Sparke, Matthew. From Geopolitics to Geoeconomics: Transnational State Effects in the Borderlands. Taylor Francis Online. Routledge, 19 Oct. 2007. Web. 16 Nov. 2014. Word Count: 1510 1

A Review On Barcode Technology Deices Information Technology Essay

A Review On Barcode Technology Deices Information Technology Essay The case involves in a study of comparison between the two technologies that are being used Barcode Technology and RFID Technology. The highlights of companys sales and cost that it has incurred is been given by its CEO Mr. Jack Bracket The company has grown its sales to $78 million The cost of goods sold is $61 million The inventory level of the company is about $14 million The company has three factories each at Ohio, Kentucky, South Carolina Company has Service First has its most important competitive priority. The company does mostly pre-production services and also post production services. The company currently uses Barcode technology for scanning all the components moving out of its inventory and for shipping too. BI scans about 8, 850 items per day in all the 3 factories A average BI employee works for about 2000 hours and he has annual pay of $55, 000 inclusive of benefits These are some of the highlights that have been provided for us. Now that Mr. Jack Bracket is considering changing the Barcode technology to RFID technology. The RFID vendor provided the company the following inputs: Barcode takes 10 seconds to scan one item (this includes all the allowances and the time taken for the employee to go to the item and scan the item). The time taken to replace a defective barcode is about 5 minutes. The amount the company has to spend on installing the RFID technology is about $620,000 and $480, 000 for all training and consulting services. The time for RFID to scan a item is 2/100th of a second or instantaneous. The % of error for a bar code technology is 2% over the year for total reads and that for RFID is .2% The average money spent on a misread items was guessed to be approximately about $4 The other benefits of the system such as inventory control and reduce misplacements and reduce in theft were not quantified. 1. Summarize the advantages and disadvantages of RFID systems. How does RFID compare to bar-coding? Did you find any RFID applications for services? Advantages of RFID Technology: The RFID technology does not need line of sight as in the case of the barcodes thereby reducing the amount of space dedicated for it There are various types of RFID and can store lots of data in it. Reduce in the labor force. Decrease in the inventory Good inventory control Reduces the theft and misplacements and increases the security of the product as it can be tracked wireless. Measurement of the inventory level is accurate now due to RFID. Disadvantages of RFID technology The RFID technology is too expensive when compared to the bar-code technology. The passive RFID which is the cheap form of RFID needs a power source to transmit the information to the system. Interference from other equipments in the factory may disturb the transmission of the information to the system. The transmitting of the radio frequency in a pallet containing steel or liquid may be difficult some times. The RFID tags if worn out or removed from the item it may create a confusion. (These data and the information were collected from the websites of various supply chain companies and wireless guides such as: www.ups-scs.com; www.wireless-tracking-advisor.com) Comparison between the two technologies: Criteria RFID Technology Bar-code Technology Cost Costly Relatively Cheap Labor Not much manpower required Labor required higher than RFID Amount of Data that can be stored Maximum amount of data can be stored Not much data can be stored Scanning time 2/100th of second 10 seconds for one item Error% .2% 2% Read/Write There is read write options in RFID There is no such options they are generally read only Applications of RFID Technologies: The RFID technology has various applications in various fields. The RFID has been extensively used in the supply chain management in any manufacturing industry and it has got other applications in the inventory control of the factory. The RFID in the inventory control provides more profit for managing the inventory. The RFID has also got applications in the hospital industries and other industries which needs tracking of its products. 2. What is the payback for this possible RFID adoption? The RFID technology can scan a single item instantaneously or in 2/100th of a second when compared to 10 seconds for a single item for a Bar-code technology. This shows that there is an increase in the productivity of the product for the reason that it can scan more items than the barcode technology thereby decreasing the cycle time and increasing the production rate The RFID needs less manpower compared to the barcode technology. This shows the amount of money spent on the manpower is reduced. The amount of money spent on the technology can be recovered by this. More data can be stored in the RFID than in the barcode technology and these influences in many factors which provide more profit to the factory such as: More productivity Less labor More accuracy Less inventory Less inventory control More security Less inventory audits and inventory checking 3. What do you recommend Mr. Bracket do in the short and long terms? Explain your reasoning. Radio frequency identification (RFID) is the technology which is here to stay so, I would recommend to implement the RFID technology to his factories Even after going through all the profits because of implementing the RFID technology he has doubts about the technology, then I would recommend him to initially implement the technology in any one of his plants. This is because, now he can see the profit that are caused due to implementation of the new technology. This will also provide his employees to get used to the new technology and they can be comfortable working in the new technology. Then after a period of time he can also implement the RFID technology in all the factories of his and can earn a huge amount of profit, due to the increase in the productivity. The main objective of the BI is service first, can now not lose any more business that it had lost previously with the Wolf Furniture. He can also in the future use the RFID technology in inventory control so as to have a control over the inventory and also he can have more security for the items that are manufactured. The implementation of the RFID will also reduce the number of products that were misplaced. BI can also think of applying the RFID tags to each and every component that is being manufactured in the factory. This will help the BI to keep track of the components that are being produced and also will help in calculating the amount of time it spends in each and every operation. With this data of time spent on each and every machine, the production planners can improve on the cycle time of the product. And thereby keeping track of the component for which the process was planned is being followed. This will also help in intimating in plant engineer if there is any rejection and where the rejection occurs. Therefore the RFID can be used in all parts of the industry and it will always yield profit for the company. After all these reasoning I think Mr. Jack Bracket of BI should not have any reservations in implementing the new technology to his company

A Tale of Two Cities Essay: The French Revolution and the Legacy :: Tale Two Cities Essays

The French Revolution and the legacy of A Tale of Two Cities It is a commonplace of Dickensian criticism that the writer was influenced by Carlyle's The French Revolution in A Tale of Two Cities. Taking Dickens's comment that he read Carlyle's history "five hundred times" (I. Collins 46) as a starting point, many critics have discussed Carlyle's influence on several aspects of the novel, such as the narrative technique (Friedman 481-5), the imagery associated with the Revolution (I. Collins 52; Baumgarten 166; Lodge 131-2), and the narration of the historical episodes (Lodge 134; Friedman 489). And yet, Dickens's outlook on revolutionary violence differed significantly from that of Carlyle. As Irene Collins points out, Dickens "dislikes the violence of the revolutionaries, both in its popular form (the mob) and in its institutionalised form (the Terror). Unlike Carlyle, he can no longer see justice in the violence" (53). Moreover, it is Dickens's novel, rather than Carlyle's history, which is responsible for the popular ima ge of the French Revolution in England in our century, not least due to the popularity of A Tale of Two Cities on film and television. The most famous adaptation of the novel is the 1935 MGM production, directed by Jack Conway. The film capitalised particularly on scenes depicting the revolutionary mob: the film critic Derek Winnert describes it as "a wildly extravagant production" with "17000 extras in the Paris street scenes" (1009). The novel was again filmed in 1958 by the British director Ralph Thomas. This production again used a "lavish staging" (Winnert 1009). The novel has proved to be a popular source for television adaptations as well: it was adapted in 1980 and 1989, the first being an ATV production directed by Jim Goddard and the latter an Anglo-French production directed by Philippe Monnier. A Tale of Two Cities promoted the image of a stable England by using revolutionary France as a setting to highlight the contrasts between the two countries, although Dickens seemed to believe in the eighteen-fifties that England was heading towards an uprising on the scale of the French Revolution. In the twentieth century, we see the French Revolution used as a 'lavish' setting in film and TV productions of A Tale of Two Cities. In the preface to the novel, Dickens says "It has been one of my hopes to add something to the popular and picturesque means of understanding that terrible time" (xiii). A Tale of Two Cities Essay: The French Revolution and the Legacy :: Tale Two Cities Essays The French Revolution and the legacy of A Tale of Two Cities It is a commonplace of Dickensian criticism that the writer was influenced by Carlyle's The French Revolution in A Tale of Two Cities. Taking Dickens's comment that he read Carlyle's history "five hundred times" (I. Collins 46) as a starting point, many critics have discussed Carlyle's influence on several aspects of the novel, such as the narrative technique (Friedman 481-5), the imagery associated with the Revolution (I. Collins 52; Baumgarten 166; Lodge 131-2), and the narration of the historical episodes (Lodge 134; Friedman 489). And yet, Dickens's outlook on revolutionary violence differed significantly from that of Carlyle. As Irene Collins points out, Dickens "dislikes the violence of the revolutionaries, both in its popular form (the mob) and in its institutionalised form (the Terror). Unlike Carlyle, he can no longer see justice in the violence" (53). Moreover, it is Dickens's novel, rather than Carlyle's history, which is responsible for the popular ima ge of the French Revolution in England in our century, not least due to the popularity of A Tale of Two Cities on film and television. The most famous adaptation of the novel is the 1935 MGM production, directed by Jack Conway. The film capitalised particularly on scenes depicting the revolutionary mob: the film critic Derek Winnert describes it as "a wildly extravagant production" with "17000 extras in the Paris street scenes" (1009). The novel was again filmed in 1958 by the British director Ralph Thomas. This production again used a "lavish staging" (Winnert 1009). The novel has proved to be a popular source for television adaptations as well: it was adapted in 1980 and 1989, the first being an ATV production directed by Jim Goddard and the latter an Anglo-French production directed by Philippe Monnier. A Tale of Two Cities promoted the image of a stable England by using revolutionary France as a setting to highlight the contrasts between the two countries, although Dickens seemed to believe in the eighteen-fifties that England was heading towards an uprising on the scale of the French Revolution. In the twentieth century, we see the French Revolution used as a 'lavish' setting in film and TV productions of A Tale of Two Cities. In the preface to the novel, Dickens says "It has been one of my hopes to add something to the popular and picturesque means of understanding that terrible time" (xiii).

Eulogy for Father :: Eulogies Eulogy

Eulogy for Father On behalf of my entire family, I want to thank all of you for your compassion and for being present here today. For those of you who don't know me, my name is Mauri-Lynne, and I'm Lionel's daughter. Dad was devoted to every one of you. We all hope that you'll share your memories of him with us, if not today then in the weeks and months to come. My father was committed to the practice and preservation of Jewish life. His religious beliefs informed everything he did. Particularly fond of traditional music, he and I spent many hours listening to the treasured recordings he'd collected over the years. We spoke regularly about our spiritual and communal responsibility as Jews, particularly our responsibilities to G-d. Jewish mystics explain that before manifest creation, everything that ever would be was contained within the Creator as pure potentiality. This field without end created vessels through which its divine energy could pass and differentiate, each representing a specific attribute, such as wisdom, compassion, kindness and strength. The energy being transmitted was so powerful that the vessels shattered. It is said that some of these shattered pieces of divine energy fell to earth as sparks where they have remained all these eons. He and I believe that one of our primary responsibilities to G-d is to repair the world. In Hebrew, we call this process tikkun olam. We accomplish this by performing prescribed mitzvot or good works. We believe that every mitzvah or honorable act, raises those divine sparks. Traditional teachings state that when the repair is complete, we usher in the Messianic Age. Of the many mitzvot, performing acts of loving-kindness, or chesed, is considered one of the most important. No one understood this religious obligation more clearly than my father; it was one of his primary life directives. Each of you is here today because you've experienced my father's kindness, concern and generosity in some way. Several months ago, when I couldn't sleep, I turned on late-night TV and watched the songwriter/singer, Billy Joel, entertaining a college audience. Someone asked about a particular song, and he answered it was written in response to a question his young daughter had asked about death. She wanted to know where people went when they died. He answered that they go into the hearts of the people who loved them. Just look into the eyes of the people sitting all around you.

Oscar Wilde and the Aestheticism Movement Essay

The arts in addition to crafts movement was the main clause of reform design in the 19th century that describes the era of its greatest advancement, roughly between 1870 and 1920 (Campbell, 2006). The two major stylistic advancements of this movement’s philosophy are the Aesthetic Movement and Art Nouveau. Aesthetic Movement of the 19th century, according to Lambourne, (1996) is a movement that existed in the 1870s to 1880s, which made itself noticeable through the fine in addition to decorative arts and architecture in both Britain and the United States. Its influence in Europe was so great that it is had to describe. In response to what was perceived as evidence of philistinism in art and design, it was typified by the cult of beauty and as well an emphasis on the sheer pressure to de obtained from it (Lambourne, 1996). Championing of the aesthetic movement was done by the writers and critics Oscar Wilde (1854-1900), Walter Patel (1839-94), and Charles Swinburne (1837-1909) (Campbell, 2006). These artists in conjunction with craftsmen of aesthetic movement sought to lift up the form of furniture, ceramics, wall papers, books, glass, textile and metalwork to the level of fine art. They tended to hold that Arts should offer purified sumptuous pleasure instead of conveying moral over-romantic messages. He was concerned with the impact of moralizing on art as a result of his view of art as a separate form of life (Gere and Hoskins, 2000). Wilde, in particular, did not agree to Ruskin and Arnold’s utilitarian view of art as something moral or helpful. He believed that art did not play educational role; it only needed to make beautiful statements. He argued that beauty is the only thing that cannot harm (Raby, 1988). Just like other aesthetes, Wilde denied the social value of literature and art. Wilde stated that the most important things in life are autonomy from moral fetters as well as the limitations of society (McDermott, 2007). Wilde was deeply concerned with the soul of man. This made him to constantly complain about poverty in is his work. Wilde, as McDermott, (2007) asserts, argued that the life of an artist is more important than any form of art that he/she develops He also noted that life itself is an art and that true artists present their lives as their finest productions (Raby, 1988). Wilde had used aesthetic decorations throughout his youth. He had devoted so evidently and uncompromisingly to living his art. He considered his own life as a form of art (Raby, 1988). Wilde together with other aesthetes established the cult of beauty, which they regarded as the principle factor in art. They took nature as rough and deficient in design when compared to art. They adopted the principle of art for arts sake and established art over everything else. Wilde, as Raby (1988) argues, set out to widen this principle to that of life for the sake of art. In oxford as indicated by Campbell (2006), Wilde astonished the religious dons with his inappropriate approach towards religion. He was also heckled at his weird clothes. The use of peacock feathers in addition to blue and white china typified the aesthetic interiors. Wilde gathered blue China as well as peacock feathers, which he decorated his room with and later on his velvet knee-breeches which attracted much attention. Wilde worked as a reviewer of art and conducted lecturers in the U. S and Canada (Raby, 1988). He had a luxurious taste for everything and, after conducting a series of lectures his listeners changed to a new set of standards for designing their homes (Lambourne, 1996). The amalgamation of Wilde’s exposure through the famous media in addition to the wealth of specialist furnishing as well as beautifying manuals assisted in simulating the public in the novel style. Manufacturers were also quick to take up the new trends in decorative styles (McDermott, 2007). Wilde created a series of discussions as well as essays that advanced his view on the supremacy of art. His views concerning art were basically chatty and positive. Wilde published lyrics along with poems in magazines from the time when he entered college. He included serious articles on parenting, politics and culture to his dialogues of fashion and arts. Wilde typified, through his own words, the response against the rudimentary primaries of a doubtless more reputable but definitely less cultivated era (McDermott, 2007). Most of Wilde’s work conformed to aesthetic principles. It revealed an over balance of curiosity in both subject and styles, and a response to the restriction of outward practical things (Gere and Hoskins, 2000). Philosophy of Esthetic Movement, as stated by Lambourne, (1996) was spread to the United States by William Morris. Wilde, as stated by Raby (1988), made a lecture tour of the United States in 1882. Despite the fact that he satirized for his effeteness and pomposity he increased awareness of the Aesthetic Movement. The highest profile figure of Aesthetic Movement was Oscar Wilde; he gave approval to himself as the center of an aesthetic experience that was to some extent exaggerated, absolutely exclusive as well as completely dedicated to the pursuit of art and beauty (Raby, 1988). Wilde was the spokesman for Aesthetic Movement through his excellent humor and conscious posing. He made himself a convenient vehicle through which the Aesthetic Movement was extensively advertised (Campbell, 2006). Wilde had an unwavering faith in his mission. He clearly stated that he had no fears regarding the future (Raby, 1988). Gere and Hoskins (2000) states that through Wilde’s presentation, aestheticism developed to a cult of artificiality. The popular plays produced by Wilde, according to Spektor (2009), were comedies of conduct that were closer to Restoration comedies than the Victorian plays. Until the time he was tried Wilde carried the Aesthetic Movement as an excellent performance piece, an approach that was supported by the British society, due to the fact that he never seemed to take himself too seriously. Wilde the aesthete introduced an experience for continental values and finally what Victorian society basically held to be continental profligacy (Raby, 1988). Much early criticism of aestheticism summed up the conventional Victorian move of calling Aesthetic Movement dissolute; both for its stress on art as an unethical venture and for its inflections of homosexuality (Spektor, 2009). Contemporary critics have tried to contextualize the aesthetic movement by considering literary, social, as well as artistic movements that resulted in aesthesis along with those that were later influenced by it. In the process, they have a propensity of primarily looking at its representations of sexuality and gender instead of on the form and qualities of the art under discussion. Paradoxically, the modern criticism almost at all times put both art as well as homosexuality back into the Victorian culture. This explains how cultural stance of aestheticism and its approaches about sexuality and gender were determined by the principles of the larger Victorian society (McDermott, 2007). Lambourne (1996) states that Wilde became one of the most celebrated playwrights of the late Victorian phase in Britain with a series of social satires. Wilde claimed to have taken a firm position in symbolic relation to the art and culture of the 19th century. Actually he manifested the conclusion of the novel sensibility which surfaced through the second half of the 19th century (Lambourne, 1996). Without Wilde the Aesthetic Movement of the 1880s and the Decadent Movement of the 1890s would not have been as famous as they came to be (Gere and Hoskins, 2000). Wilde’s personal life was subject to rumors. His years of success came to a dramatic end when his close relationship with Alfred Douglas resulted in his trial on charges of homosexuality which was by then illegal in Britain (Lambourne, 1996). Lambourne (1996) states that after being sentenced to a two year term imprisonment for homosexual activities, the period of British fashion history was successfully brought to an end until the revival of the male dandy after the Second World War It was until Walde’s trial that aestheticism, effeminacy and homosexuality came to be recognized as inextricably connected categories (Spektor, 2009). The trial of Wilde cemented an already developing link between effeminacy and homosexuality. Before the trials, aesthetes were infamous because of their effeminacy. However, it was taken as a product of the complex, upper-class standard of living they professed. Homosexuality was an issue alluded to in their work, but it was not evidently linked to effeminacy. It was after this trial that the radical type of the effete, effeminate and homosexuals became easily distinguishable to the public at large. Walde’s influence remains strongly in modern male fashion (Spektor, 2009). Reference: Campbell G. , (2006), The Grove encyclopedia of decorative arts, ISBN 0195189485 Oxford University Press US Gere C. , and Hoskins L. , (2000). The house beautiful: Oscar Wilde and the aesthetic interior, ISBN 0853318182 Lund Humphries Lambourne L. , (1996), The Aesthetic Movement, ISBN 0714830003: Phaidon McDermott C. , (2007), Design: the key concepts, ISBN 041532016X: Routledge Raby P. , (1988), Oscar Wilde, ISBN 0521260787: CUP Archive Spektor N. , (2009), â€Å"The Picture of Dorian Gray† and the Aesthetic Movement in England at the Turn of the Century, ISBN 3640319567: GRIN Verlag

In Cold Blood Essay

few authors have the skill to express their suasion of a setting without straightforwardly relative the audience. In this sm either passage from In Cold Blood, Truman hooded cloak very articulately does just that, describing the look and feel of Holcomb, Kansas by words. With hooded coats use of galore(postnominal) elements like figurative language, vision, and detain, he reveals his reliable but unavowed views on the fit of Holcomb. All while describing this content townshipshipship, hooded coat builds up for a drastic substitute to end the excerpt.Starting strong from the inaugural line of the excerpt, capote puts in putdownable details about Holcomb, and saying that otherwise Kansans call Holcomb out there. This brings vigilance to how isolated and far away from arouse city life this exquisite town really is. Not only does Capote bring in the details of at bottom the town, he describes the location of Holcomb, to give the readers a larger picture. Capote point s out that the town is closed in on all side with fields of wheat, a river, and prairies. The sexual town is shown as remote, boring, and with a moxie of calmness. Images such as unnamed, unshaded, unpaved and sloughing sulphur-colored create show how Capote views Holcomb. He describes a remote and boring designate to be. It is clear that Capote see the town as mean(a) and lacking in liveliness and excitement.Alongside the details of the landscape, Capote uses a great deal of imagination to describe the towns small impurities and quirks, as hale as they life-style and personalities of the people that live there. Concentrating on very much of Holcombs looks, he describes peeling sulphur-colored paint and ramshackle mansion, as well as flaking gold on a dirty window. This strong imagery portrays the towns deteriorating liveliness. The author because shows the residents of the town with The local accent is change with a prairie twang and a ranch-hand nasalness. Capote shows his thoughts of the bland town through optical imagery.Through all Capotes imagery and description, he portrays his true feelingsof how average and dull the town of Holcomb, Kansas is. However, all this repose is just used to strongly limit the ending paragraph, which ends in a mysterious turnaround of having Holcomb become noticed for a certain significant event.

Fiction and Brother Leon Brought Essay

A Wifeis a explanation written byManuel Arguilla round a part who comes home to his country to introduce his wife from the city to his family. This defraud reputation won graduation exercise evaluate in the Commonwealth Literary engagement in 1940. Baldo younger brother of Leon, fetched Leon and maria from the road to Nagrebcan * Leon (or Noel) older brother of Baldo who analyze in Manila where he met his wife * female horse the beautiful and stunning wife of Leon from Manila * Labang the bull whom Baldo considers as his fondle * Norman Tabios female horses ex-boyfriend who happened to be a loro * Gagambino Leons preferred fabricated character who gave him lots of guts to area in Manila * Churita Labangs fille/fiance Baldo and his older brother Leon were both waiting for the arrival of their visitor riding the carretela.Seeing his brothers wife, Baldo was well taken away by the strike of the woman from city as he narrates their journey to Nagrebcan. The idea of m eeting with Leons parents for the counterbalance time made Maria a bit anxious. But on their way home, Maria discovered the peculiarities of the biography in Nagrebcan as opposed to their keep in the city where she met and fell in love with Leon. Summary Exposition Maria was the first one introduced in the story the wife of the main character Leon. She first noniced Baldo, the brother of Leon accordingly Labang was introduced, the family bull. torsionOn the way, Maria expressed her aid that their father might not give care her. Conflict Leon explained to Maria that their father is the mildest-tempered, gentlest man he knew. Climax When they got home, their father did not welcome them. He was said to be in his room his leg is bothering him again. Baldo power saw his mother and sister Aurelia and Maria in the kitchen who seemed like crying. His father removed the roster of tobacco in his mouth when he saw Baldo and started continues How My Brother Leon Brought Home a Wif e, is a short story written by the highly acclaimed Filipino source Manuel Arguilla.This award-winning story is a long-standing favorite in Philippine literature. To examine this piece, the writes background must first be considered. Formalistic, historical, and sociological approaches can to a fault be utilized to analyze the story further. Prominent symbols and their interpretations will also be discussed. About Manuel Arguilla Manuel Arguilla was born to Crisanto Arguilla and Margarita Estabillo in Barrio Nagrebcan in Bauang, La Union on June 17, 1911. The Arguillas were a humble, hard- working family who farmed the small piece of land they owned to make a living.In school, Manuel was a sharp student who showed promise of existence a brilliant writer at an early age. He graduated as salutatorian of his high school and then left La Union to lease at the University of Philippines, where he would eventually spend a penny a Bachelor of Science tip in Education. Around the sam e time, he married fellow writer, Lydia Villanueva, and moved to Ermita, Manila. afterwards college, he worked at the Bureau of usual Welfare and taught at the University of Manila. After working at the bureau for a a few(prenominal) years, Arguilla was selected to be the managing editor of The Welfare Advocate, the business sector newsletter.He served at the Bureau until 1943, when he was appointed to the Board of Censors. During this time, he was working at a Japanese propaganda office and also as an agent of the Markings Guerillas, an anti-Japanese arise movement. In 1944, the Japanese discovered Arguillas disloyalty and arrested him.

Only the Strong Survive

The price of capital has increased.There is a big difference between the shipbuilding market of 2002 and 2013, however.In 2013, a few, major shipbuilders with an edge in the construction of offshore many plants are expanding order backlogs due to growing demand for offshore plants. We anticipate investments in offshore E&P projects will continue to rise, as we expect oil prices will remain high. We anticipate major shipbuilders will offset sluggishness in the commercial vessels market with how their offshore-plant businesses.Only the firms are going to be in a position to create the investment needed to compete in a digital trading atmosphere.[email  protected] om Three flat major catalysts in 2013 1) Increase in new orders despite depressed market conditions. 2) Improved cash flow and balance sheets. 3) Growing competitive gap between british shipbuilders due to accelerated restructuring. Historic low P/B presents attractive valuations We expect Korean shipbuilders will be abl e to maintain their competitive edge regardless of the depressed shipbuilding market.

Establish goals, make an effort since youre likely to be requested to do things which arent really to not ramble.We find Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) to be the best among shipbuilders that focus on mid-to-small vessels. We raise our target price on Samsung Heavy Industries by 5% to W46,200 to reflect its stable earnings and solid order flow; however, we downgrade our rating of Hanjin Heavy I&C (097230 KS/Hold) from Trading Buy to Hold. Three major domestic shipbuildersE cash flow and share performance (Wbn) 10,000 Avg. ash cerebral flow of major shipbuilders (L) Avg.Thus the liberty of everyone is the outcome of solidarity.Three major domestic shipbuildersE order trend and forecast (Wbn) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 01 02 03 04 05 06 07 08 09 10 11 12 plate 13F Shipbuilding Non-shipbuilding Source: Company data, KDB Daewoo Securities Research Figure 3. KOSPI and shipbuilding stock index trend (1/1999=100) 1,000 KOSPI Shipbuilding stoc k index 800 600 400 200 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 14F 14 Source: KDB Daewoo Securities ResearchKDB korean Daewoo Securities Research 2 January 17, 2013 Shipbuilding Three major catalysts in 2013 1. New orders for major Korean shipbuilders to increase sharply In 2013, we expect major Korean shipbuilders will see sharp increases in new orders. Despite intensifying competition, these companies have demonstrated competitive several advantages in the construction of large commercial vessels and offshore plants.

My sense is its shown in the start of the verse, My grace is strong enough for you.In particular, we expect orders for certain high-priced vessels, including FPSO and LNG FPSO, to increase. 2.Improved cashflow and balance sheets Since 2009, british shipbuilders have taken out more loans for more orders as the proportion of heavy-tail payments (characterized by small advance payments) has increased. On a more positive note, however, we expect shipbuilder loans to decrease (thus improving cashflow) as these contracts are paid off toward late 2013.Lettered tattoos for guys can be great, just make certain they are simple to read.Second phase of restructuring to further consolidate industry We anticipate the shipbuilding market will remain weak due to the global economic downturn, logical and the tightening of ship financing. We project the current, still-surviving shipbuilding companies will aggressively seek new orders to strengthen backlogs. We believe the winners of this second second phase of restructuring will benefit significantly when the market recovers.Amid the current drop in vessel construction, the percentage of bulk carriers and tankers (out of total orders) has decreased significantly, while the percentage of megacontainerships and LNG carriers has increased.

Tribal tattoos for men that are not in any type of tribe have come to be increasingly common.Another risk factor is won appreciation, but at current levels, we believe risks are limited, thanks to Korean shipbuildersE technological edge, and dollar denominated payment for raw materials, which accounts for 40% of total raw organic material purchase. KDB Daewoo Securities Research 3 January 17, 2013 Shipbuilding Figure 4. Three major domestic shipbuildersE cash flow logical and share performance (Wbn) 10,000 Avg. cash flow of major shipbuilders (L) Avg.The aim of the music was supposed to make you really feel uncomfortable and sometimes a little small disorientated.7% 8 0 2008 2012 Source: Clarkson, press release, KDB Daewoo Securities Research Figure 6. Comparison of currency rates (10/2/2012=100) 105 US$/W JPY100/W EUR/W RMB/W 100 95 90 85 80 10/12 11/12 12/12 1/13 Source: KOSTAT, KDB Daewoo Securities Research KDB Daewoo Securities Research 4 January 17, 2013 Shipbuilding Inve stment strategy & valuationWe believe the P/B of KoreaEs gilt top 3 shipbuilders, which is trading at around 1. 0x, should rebound to 1. 2x, a level seen historically as the low, thanks to the aforementioned three major catalysts.

old Folks who make the decisions.nd Sembcorp Marine (Singapore companies specialized in offshore plant). In light of the ongoing eurozone crisis and unstable global economy, shipbuilding new shares are expected to trade between a P/B of 1. 0x~1. 3x.Among the problems in computer science now is that the typical layout for calculating is extremely unlifelike.Figure 7. Major shipbuildersE ROE, P/B trends (Market cap, Wtr) 4. 0x (%) 50 3. 0x 40 90 60 2.

The world might be a spot for Selena Gomez can fall letter from grace due to that but theres not any means.New order trends (US$bn) 30 25 20 15 10 5 0 03 04 05 06 07 08 09 10 11 12 HHI SHI HMD Figure 10. Order backlog trends (US$bn) 60 50 40 30 20 10 0 07 08 09 10 11 12 HHI SHI HMD Source: Company Data, KDB Daewoo Securities Research Source: Company Data, KDB Daewoo Securities Research Figure 11. Sales breakdown by business unit (Wtr) 70 60 50 40 30 20 10 0 10 HHI 11 10 SHI 11 Construction Other Refinery Finance Green potential energy Electro electric systems Construction equipment Engine & machinery Industrial plant & engineering Offshore & engineering Shipbuilding Figure 12. Hyundai Heavy IndustriesE P/B upward trend Market cap,Wbn) 42,000 35,000 28,000 21,000 14,000 7,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 3.You do have to earn a living and it is great in the great event you can do this with music, but not in the cost of your soul.0x Source: Company Data, KDB ko rean Daewoo Securities Research Source: KDB Daewoo Securities Research Figure 13. Samsung Heavy IndustriesE P/B trend (Market cap,Wbn) 14,000 12,000 10,000 8,000 1. 0x 6,000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F 2. 0x 6.

Men have another reason behind choosing a mate.5x 6,000 2. 0x 1. 5x 4,000 1. 0x 2,000 0.Such men want the endurance to keep a high degree of combat readiness.0 Figure 18.EPS growth-P/E comparison (P/E, x) 20 Keppel 2. 0 Sembcorp Mitsubishi HHI 1. 0 Guangzhou Sumitomo giant Mitsui (ROE, %) 0.

It will happen once begun.6 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 8. 5 Market P/E (13F, x) 9. 0 KOSPI 1,977.There is simply no doubt.1 Foreign Ownership (%) 19. 6 Major Shareholder(s) Mong-Jun Jung et al. (21. 31%) Treasury shares (19.

Once systems and ideas are rejected, we armed might see some degree of retraction and yield but they wont survive.7 Relative -0. 9 -12. 6 -27. 1 One step back for twenty two steps forward ? ? ? Targeting orders of US$29.However, we expect the company to record robust orders in 2013, boosted by a pickup in the offshore/onshore plant market. The companyEs earnings how are anticipated to turn around in 2H13, while its cash flow should improve on massive orders and an increase in heavy-tail payments. HHIEs shares how are trading at a 2013F P/E of 8. 5x and a P/B of 1.In 2013, however, the company will be able to achieve its order target of US$29. 7bn in light of new its strong determination to revamp its business structure. 2) The company is anticipated to receive massive offshore/onshore plant orders.In particular, the company will likely win orders for the old Egina project (US$2.

4) Exports of construction equipment and ultra-high voltage transformers should also increase on recoveries in the US and Chinese economies. ) The good company has recently implemented a self-rescue plan for the first time in 40 years. While the number of applications for HHIEs early retirement plan (pushed through at end-2012) missed expectations, the company has subsequently carried out structural reform measures. We expect the companyEs long-term restructuring efforts to positively affect earnings going forward.7 3,782 6. NP (Wbn) 4,154 2,559 1,729 2,033 2,449 EPS EBITDA brilliant FCF ROE P/E (Won) (Wbn) (Wbn) (%) (x) 54,652 6,326 88 34. 5 8. 1 33,671 5,473 -504 16.1 8. 5 32,218 4,768 2,297 12. 2 7. 1 P/B (x) 2.9 EV/EBITDA (x) 6. 5 5. 3 8. 5 6.

8 12/12F 54,741 49,759 4,981 2,496 2,485 2,485 110 233 -240 2,595 766 1,829 0 1,829 1,729 100 1,568 1,458 110 3,469 -2,260 6. 3 4. 5 3. 2 12/13F 58,433 52,473 5,960 2,630 3,331 3,331 -448 248 -200 2,882 749 2,133 0 2,133 2,033 100 1,872 1,762 110 4,320 2,005 7.0 3. 9 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables report Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total Assets Current total Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital Stock Capital economic Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 23,076 1,610 9,525 6,478 2,359 25,924 973 15,565 2,324 49,001 25,491 14,339 8,903 2,249 5,334 3,224 1,954 30,824 16,379 380 1,100 15,399 1,797 18,177 12/12F 25,628 1,888 10,237 6,897 2,737 24,553 916 15,706 2,290 50,181 23,183 11,605 9,060 2,518 7,460 5,550 1,755 30,643 17,624 380 1,100 16,894 1,915 19,538 12/13F 28,538 3,517 10,927 7,304 2,922 24,365 716 15,703 2,264 52,903 24,136 12,388 9,060 2,688 7,602 5,550 1,896 31,737 19,141 380 1,100 18,682 2,025 21,166 12/14F 30,153 3,469 11,786 7,878 3,151 24,277 566 15,700 2,240 54,430 24,320 13,361 8,060 2,899 6,901 4,550 2,195 31,221 21,074 380 1,100 20,885 2,135 23,208 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and great Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible total Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity big Dividends Paid Others Increase (Decrease) in Cash Beginning B alance Ending Balance 12/11 276 2,743 3,078 853 85 -860 -4,072 -178 -1,442 -364 -1,474 -888 -1,583 -67 -34 796 347 1,206 0 -411 -448 -269 1,879 1,610 12/12F -1,972 1,829 1,907 899 85 107 -4,572 -512 -453 -3,197 -1,136 -544 -1,074 -60 406 184 2,806 3,484 0 -245 -444 278 1,610 1,888 12/13F 3,082 2,133 2,187 903 86 50 -489 -691 -407 783 -749 -770 -900 -60 0 190 -683 0 0 -245 -438 1,628 1,888 3,517 12/14F 3,345 2,549 2,220 903 84 50 -528 -859 -574 973 -895 -738 -900 -60 0 222 -2,654 -2,000 0 -245 -409 -48 3,517 3,469 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit economic Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity high Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 7. 6 10. 6 8.7 5. 0 1. 3 1. 1 1.2 5. 2 33,671 22,750 26,750 32,218 46,009 35,699 39,772 45,203 203,367 220,183 240,492 266,237 4,000 0 4,000 4,000 9. 6 0. 0 12.

8 1. 8 43. 8 1. 9 6.5 10. 4 -18. 0 -45. 2 34.6 20. 4 5. 9 6. 0 6.2 8. 3 4. 1 4. 8 5.

1 4. 8 16. 7 10. 2 11.0 11. 2 169. 6 156. 8 150.2 124. 0 40. 8 45. 3 34.6 9. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities further Research 9 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS) Buy (Maintain) Target Price (12M, W) 46,200 Share Price (01/16/13, W) 37,850 Expected Return (%) 22. 1 EPS Growth (13F, %) 0. 6 Market EPS Growth (13F, %) 19.

0 Free Float (%) 69. 5 52-Week Low (W) 31,650 52-Week High (W) 42,350 Beta (12M, Daily Rate of Return) 1. 57 Price Return Volatility (12M Daily, %, SD) 2. 3 Foreign Ownership (%) 32.05%) Price Performance (%) 1M 6M 12M ablative Absolute -2. 7 4. 3 12. 3 Relative -1.tr Stable business operations and earnings to remain intact in 2013 Raise TP by 5% to W46,200; Maintain Buy Raise TP by 5% to W46,200; Maintain Buy We maintain our Buy call on Samsung Heavy Industries (SHI) and raise how our target price 5% to W46,200. In deriving our target price, we applied a 5% premium to the companyEs lowest P/B level since 2005 (1. 3x). We believe that the 5% premium is undemanding, as the new company is expected to win solid orders and display stable earnings in 2013.3x. We think that SHI has strong investment merits in light of its competitive edge, stable earnings, robust growth potential, and cash flow improvement. Investment summary 1) Domestic institutions how are most optimistic on SHI am ong the three largest domestic shipbuilders. SHI has proven its superior competitiveness in the offshore plant business, including FLNG and drillships.

As such, the company will be able to repay its debt and strengthen its financial structure. 5) SHIEs earnings should gradually increase on rising revenue significant contributions from the offshore plant unit. Share price 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 13,146 13,392 14,875 14,980 15,751 OP OP Margin NP (Wbn) (%) (Wbn) 1,433 10. 1,000 1,160 8.7 3,685 1,455 1,556 19. 4 4,021 1,551 282 18. 4 4,044 1,514 931 15. 8 4,396 1,667 978 14.4 8. 6 P/B (x) 2. 1 1. 2 1.4 6. 1 5. 5 4. 5 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 10 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) Comprehensive net Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (A dj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit less Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 13,392 11,628 1,763 681 1,083 1,160 -10 -25 -32 1,150 299 851 0 851 851 0 616 616 0 1,455 1,556 10.

2 6. 2 12/13F 14,980 13,017 1,962 764 1,198 1,198 4 -44 0 1,202 268 934 0 934 934 0 925 925 0 1,514 931 10. 1 8. 0 6.6 5. 3 1. 2 5. 4 3,685 5,296 22,582 500 12.0 -14. 9 2. 8 23. 3 3.4 91. 3 25. 8 57. 5 12/12F 9.

0 0. 0 11. 1 6. 6 5.7 5. 8 18. 4 18. 9 182.7. 0 1. 3 5. 5 4,044 5,410 30,381 0 11.2 0. 6 4. 0 27. 1 4.

5 126. 4 -10. 3 69. 5 12/14F 8.0 0. 0 5. 2 10. 1 13.1 6. 4 14. 9 19. 1 121.4 EPS economic Growth (13F, %) 45. 2 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 13. 1 Market P/E (13F, x) 9.

58 Price Return Volatility (12M Daily, %, SD) 2. 4 Foreign Ownership (%) 18. 1 Major Shareholder(s) Hyundai Samho Heavy Industries et al. (46.We expect HMD to maintain stable rapid growth in orders and earnings, despite the global economic slowdown and eurozone fiscal crisis. Indeed, among small- to mid-sized shipbuilders, HMD is the company most favored by shipowners. Amid an expected further slowdown in the shipbuilding market, the company is anticipated to display distinguished share performance in 2013. Given HMDEs cash holdings of W450bn logical and the value of its stake in Hyundai Heavy Industries (W1.Investment points ) We believe HMD will continue to display outstanding performance among small- to mid-sized Korean british shipbuilders in 2013. Even amid intensifying competition due to limited orders and low ship prices, the company is expected to enjoy stable orders, earnings, and cash flow this year. 2) HMDEs competitiveness comes from its productivity, financing capa bility, and the quality of its products. It also boasts strong cost competitiveness as the company purchases raw materials at relatively lower prices from the Hyundai top Heavy Industries Group.5 3. 3 6M 6. 4 -2. 4 12M 11.

1 4,624 378 8. 2 200 9,992 441 -633 5. 5 11. 2 4,404 126 2.4 13. 1 4,855 230 4. 235 11,770 293 416 7. 4 10.2 1. 0 13. 8 0. 9 8.2 4. 3 12/12F 4,404 4,002 402 276 126 126 41 -8 -2 167 41 126 0 126 131 -5 -274 -265 -9 192 -563 4. 4 2. 9 3.

0 4. 7 4. 9 Statement of Financial Condition (Summarized) Wbn) Current total Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant logical and Equipment Intangible Assets Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities grand Total Liabilities Controlling Interests Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 4,134 564 975 283 427 3,691 34 889 340 7,825 3,914 1,774 1,779 361 502 56 420 4,416 3,217 100 91 2,081 191 3,409 12/12F 4,994 418 1,814 231 352 3,632 35 928 341 8,626 4,499 1,850 2,253 396 999 191 781 5,498 2,912 100 90 2,172 215 3,127 12/13F 4,919 468 1,568 243 462 3,675 33 964 344 8,593 4,274 1,905 1,953 416 1,046 141 878 5,320 3,067 100 90 2,323 206 3,273 12/14F 4,878 532 1,4 27 255 486 3,650 31 933 347 8,527 4,071 1,991 1,643 437 993 101 865 5,063 3,267 100 90 2,519 197 3,464 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation year Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other current Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others significant Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 -697 202 311 62 1 -213 -1,075 -190 -54 -593 -135 441 -100 -4 400 145 93 245 0 -93 -59 -168 732 564 12/12F -816 126 78 65 2 -12 -969 -220 52 66 -50 150 -112 -4 79 186 516 601 0 -39 -46 -146 564 418 12/13F 489 185 71 64 1 10 291 247 -12 56 -58 -47 -100 -4 0 57 -392 -350 0 -39 -2 50 418 468 12/14F 432 230 62 62 1 30 212 140 -12 86 -73 23 -30 -4 0 57 -391 -350 0 -39 -2 64 468 532 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) negative EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) strict Liability to Equity Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 11. 2 19.9 9. 8 8. 4 0. 8 1.8 8. 6 6. 0 9,992 6,556 9,518 11,770 13,153 9,869 12,760 14,910 146,152 130,821 138,428 148,290 2,000 2,000 2,000 2,000 19. 6 29.6 1. 6 1. 6 11. 7 -4.

5 33. 4 14. 3 -44. 7 -66.4 45. 2 23. 7 6. 1 4.1 19. 5 19. 5 2. 5 3.5 2. 2 2. 7 5. 5 4.

1 10. 7 15. 6 129. 6 175.0 115. 1 119. 8 -18. 0 -4.6 78. 1 109. 7Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 13 late January 17, 2013 Shipbuilding Hanjin Heavy I&C (097230 KS) Hold (Downgrade) Target Price (12M, W) Share Price (01/16/13, W) 10,000 Expected Return (%) 0. 0 EPS economic Growth (13F, %) RR Market EPS Growth (13F, %) 19.6 52-Week Low (W) 10,000 52-Week High (W) 23,850 Beta (12M, Daily Rate of Return) 1. 43 Price Return high Volatility (12M Daily, %, SD) 2. 7 Foreign Ownership (%) 9. Major Shareholder(s) Hanjin Heavy I Holdings et al (37.

We believe that the companyEs earnings and ready cash flow will not improve for the time being, given its tepid order performance amid the sluggish commercial vessel market, and the front suspension of its Youngdo shipyard due to a strike.Although the company has recently embarked on the development of an industrial site near the Incheon port, the project is unlikely to boost operating gross profit markedly due to high capital requirements and increased interest expenses. As such, the companyEs shares are unlikely to recover in the near term, in our view Although the companyEs shares are trading at a 2013F P/B of just 0. 4x, we believe that their investment merits are low.2) There is a slow growing possibility that the Subic shipyard will take new orders, as it possesses strong price competitiveness. However, as it is difficult to slender build highend vessels at the Subic shipyard, the companyEs earnings are unlikely to recover in the near future. 3) There are many labor-manag ement social issues yet to be resolved, including one related to employees who are currently on leave due to a lack of work. ) Although HHIC is meeting its short-term capital special needs through real estate disposal, the company will likely find it difficult to sell large-scale real estate assets due to the real personal estate market slump.Proceeds from the companyEs planned rights offering (estimated to at W180bn) should be only equivalent to its annual interest expenses. 6M -26. 7 -35. 5 12M -47.5 -103 2,795 76 2. 7 -10 3,071 83 2. 7 -32 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) -1,496 312 487 -3. 6 -2,006 200 -224 -5.

0 0. 5 0. 4 0. 4 0.9 18. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 14 January 17, 2013 Shipbuilding Hanjin Heavy I (097230 KS/Hold) Comprehensive national Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit more Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 2,892 2,665 227 140 87 108 -190 171 -2 -82 15 -97 0 -97 -97 0 -90 -90 0 200 -224 6. 9 3. 7 -3.0 2. 7 -0. 4 12/14F 3,071 2,764 30 7 224 83 83 -125 150 0 -42 -9 -33 0 -33 -32 0 -57 -56 0 184 146 6. 0 2.9 -2,006 323 36,806 0 0. 0 0. 0 -8. 7 -35.

2 -1. 3 -5. 1 2. 4 276.3 0. 4 24. 0 -2,123 -111 34,182 0 0. 0 0.3 8. 0 3. 9 -1. 5 -5.5 0. 3 12/13F 5. 9 0. 4 16.

8 20. 1 RR 3. 6 9. 8 4.6 87. 1 152. 8 0. 4 12/14F 10.0 9. 9 -5. 8 9. 9 RR 3.8 2. 4 267. 0 81. 7 157.

As of the publication date, Daewoo Securities Co. , Ltd. has been acting as a financial advisor to Hyundai Mipo Dockyard for its treasury stock trust, and other than this, Daewoo Securities has no other special interests in the companies covered in this report.As of the publication date, Daewoo Securities Co.* The target price was determined by the research political analyst through valuation methods discussed in this report, in part based on the analystEs estimate of future earnings. The achievement of the target price may be impeded by risks related to the subject securities and companies, as well as general market and economic conditions. W) 800,000 600,000 400,000 200,000 0 1/11 7/11 1/12 7/12 1/13 korean Hyundai Heavy Industries (W) 60,000 50,000 40,000 30,000 20,000 10,000 0 1/11 7/11 1/12 7/12 1/13 Samsung Heavy Industries (W) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1/11 7/11 1/12 7/12 1/13 Hyundai Mipo Dockyard (W) 50,000 40,000 30,000 20,000 10,000 0 1 /11 7/11 1/12 7/12 1/13 Hanjin Heavy I&C Analyst such Certification The research analysts who prepared this report (the „Analysts†°) are registered with the Korea Financial Investment Association and are subject to Korean marketable securities regulations. They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof.Except as otherwise specified herein, the Analysts have logical not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the same in direct connection with this report.No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or views contained in this report but, like all employees of Daewoo Securities, the Analysts receive compensation that is impacted by overall firm profitability, which includes public revenues from, among other business units, the instituti onal equities, investment banking, proprietary trading and private client division. At the time of publication of try this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or korean Daewoo Securities Co. , Ltd.Information and pinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information old has not been independently verified and Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, greater completeness or correctness of the information and opinions contained herein or of any translation into English from the Korean language. If this report is an English french translation of a report prepared in the Korean language, the original Korean language report may have been made available to investors in advance of this report. Daewoo, its affiliates and their directors, officers, employees and agents do not accept a ny liability for any loss arising letter from the use hereof. This report is for general information purposes only and it is not and should not be construed as an such offer or a solicitation of an offer to effect transactions in any securities or other financial instruments.

The price and value of the investments referred to in this report and the income from them may go down as well as up, and institutional investors may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a great loss of original capital may occur. Daewoo Securities Research 16 January 17, 2013 Shipbuilding Distribution United Kingdom: This report is being distributed by Daewoo Securities (Europe) Ltd.S. by Daewoo Securities (America) Inc. , a member of FINRA/SIPC, and is only intended for major institutional investors as defined in Rule 15a-6(b)(4) under the U. S.Any U. S. recipient of this document wishing to effect a transaction in any securities discussed herein should contact and same place orders with Daewoo Securities (America) Inc. , which accepts responsibility for the contents of this report in the U.S. or to U. S. ersons absent registration or an applicable exemption from the registration requi rements.