Thursday, November 21, 2019
How to keep yourself motivated for college life Essay
How to keep yourself motivated for college life - Essay Example Time management involves taking control of the time spent while doing every activity in the college. Effective time management can be achieved by considering the following options. Firstly, students should prepare a to-do list to guide them on different day-to-day activities. By following the program on the list, students get motivated by the accomplishment done on each activity. Secondly, students can achieve effective time management by scheduling dedicated time for different activities. For example, students should create dedicated study time where they only carryout personal studies. Further, students should identify committed time such as times spend in commuting to the lecture rooms or times spend in class work. By identifying committed time, students can be able to program different activities that do not clash in terms of time of occurrence hence enabling the students to perform the different activities at ease. Lastly, students can save time by developing good study habits and using the spare time available to them. Good study habits include taking necessary notes while in class and attending to all the lectures as required. This way, students can carry out exam revision very effectively using a short time. Farther, students can effectively manage their time by carrying small portions of class work to study during spare time such as time available while waiting in lines. On the other hand, students can be motivated for their college life by being focused on their studies. Identifying the reasons and benefits of being in the college forms the basis of motivation that result good focus on college goals. However, for students to develop good focus on college studies, they should consider implementing the following activities. Firstly, students should think about why they want to graduate on a particular course. Before joining college education, most students are motivated to work
Wednesday, November 20, 2019
The Crusades Essay Example | Topics and Well Written Essays - 500 words
The Crusades - Essay Example The first text comprises of an eyewitness account of the sermon of Pope Urban II and the details of Crusade as given by various Christian eyewitness. Popeââ¬â¢s sermon has been embellished with lots of imagination and gory details of mass killings of Christians by Turks in the city of Jerusalem. Robert The Monkââ¬â¢s account of Popeââ¬â¢s sermon is interspersed with gruesome details of the killing in order to incite Christians to take part in the war and avenge the desecration of Church. Baldric of Dol says that Pope had exhorted the Christian by telling them that ââ¬Ëyou may deem it a beautiful thing to die for Christ in that city in which he died for usââ¬â¢ (Allen and Amt, p44). Most importantly it tells that the crusaders not only fought for religious purpose but many had vested interests. Bohemond, a great warrior, had to be bribed by the Emperor with ââ¬Ëland in extent from Antioch fifteen daysââ¬â¢ journey and eight in widthââ¬â¢ (Allen and Amt, p62). T he text shows that the crusades against Turks had defied human dignity with extreme brutality and violence. Indeed, Letter of Stephen of Bloise to his wife covers the religious fervor of the crusades and also describes the bloodshed and indiscriminate killing in the name of holy war. An Arab Syrian Gentleman and Warrior: Memoirs of Usamah gives insight into the Arab culture and shows a humane perspective of people who were viewed as barbarians during the period of crusades. He gives personal accounts of his experience of Christians with whom he had maintained good relationships. In a personal account, Usamah describes how Frankish physician had saved the life of the son of an Arab artisan, whose neck was afflicted with scrofula, a dreaded disease. The text gives a more civilized picture of Moslems in Jerusalem and shows that Moslems and Christians had co-existed peacefully as contrarily described in the earlier text.Ã
Sunday, November 17, 2019
Journal Assignment Example | Topics and Well Written Essays - 250 words - 56
Journal - Assignment Example It is pointed out that the first Muslim college that was accredited might be biased with regard to Israel and the Jews. In this case the quality of education that it offers should be analyzed carefully. 3. The video articulates a peculiar statistics: more and more people claim that they do not belong to any religion. It is suggested that people decided to create their own interpretation of the world and live according to it. What is more important is that the contemporary society often sees religion as a certain attribute, but not a deep spiritual commitment. 4. This video points out that many people mix prejudice and patriotism. Thus, many know that America is currently engaged in armed conflicts with Islamic countries, but discriminating against Muslims in the United State should not be seen as a solution towards the problem. Moreover, the experiment showed that the majority of the people are indifferent towards discrimination and will not do anything about
Friday, November 15, 2019
The Character Of Henry Perowne In Saturday English Literature Essay
The Character Of Henry Perowne In Saturday English Literature Essay Ian McEwans Saturday is a novel that introduces the present-day world to readers through the perspective of its protagonist, Henry Perowne. Throughout this novel, readers are exposed to an impressive evaluation of what makes up life in this modern century, in which the future appears unpredictable for anyone. By reading every detail about this particular Saturday in the life of Perowne, readers begin to appreciate elements of life that may go unnoticed, the aspects that make each day unique. Perowne ends up interacting with all his family members on his one day off from work. His day is filled with thoughtful reflections and evaluations of the fine points of human behaviour in the modern life. McEwans portrayal of Perowne and his thoughts and actions are what drives this novel from beginning to end. Perowne is a model of a comfortable, contemporary man who lives in a present-day age of uncertainty. All he longs for are possession, belonging, and repition (McEwan 40). However, this un certainty of the future causes even content men such as Perowne to be thrown off into a world of chaotic events and brings out their strengths and weaknesses. The entire novel takes place in London on February 15, 2003. As Perowne, a man in his late forties, gets out of his bed at four oclock in the morning to look out his window, readers begin to sense some foreshadowing of the uncertainty that is waiting ahead of him. He watches a plane on fire fly over London during a post-9/11 time when words like catastrophe and mass fatalities, chemical and biological warfare and major attack have recently become bland through repetition (McEwan 12). But Perowne is not fully shaken by the event he witnesses. He comprehends that this obligation to the news adds to the unease of people in the contemporary world: Its a condition of the times, this compulsion to hear how it stands with the world, and be joined to the generality, to a community of anxiety. The habits grown stronger these past two years; a different scale of news value has been set by monstrous and spectacular scenes. The possibility of their recurrence is one thread that binds the days. The governments counsel that an attack in a European or American city is an inevitability isnt only a disclaimer of responsibility, its a heady promise. Everyone fears it, but theres also a darker longing in the collective mind, a sickening for self-punishment and a blasphemous curiosity. Just as the hospitals have their crisis plans, so the television networks stand ready to deliver, and their audiences wait. Bigger, grosser next time. Please dont let it happen. But let me see it all the same, as its happening and from every angle, and let me be among the first to know. (McEwan 176) However this 21st-century apprehension of a catastrophe about to happen fails to let people see the casual details that affect lives at a deeper and personal level. Perowne is surrounded by people that need his help. His mother is a dementia patient who cannot identify any of her friends or family. His patients at work come to him to rescue them from a sickness or mishap that they couldnt evade or control.He is determined to use science and his skills to better others lives, as well as his own since God chooses to afflict people with these tragedies. He never held a belief in destiny or providence, or in creationism. In its place, he believes that at every instant, a trillion possible futures are possible. To him, the unpredictability of possibility is more real than a God who is in control of the universe and everyones life outcomes. Perowne is introduced in the novel as a man who is happy and satisfied with his life. He lives in an enormous house in London, and leads a prosperous, upper-middle class life. He is content with his work as a respected neurosurgeon, his family of four, and particularly his successful wife: What a stroke of luck, that the woman he loves is also his wife (McEwan 38-9). Readers are then introduced to Perownes unease as a man. He observes the adventures that his married friends have with younger women and begins to think he may be lacking an element of the masculine life force, and a bold and healthy appetite for experience (McEwan 40). Perowne is very self-aware and is a habitual observer of his own moods (McEwan 5). He is a dreamer sometimes and lets a shadowy mental narrativebreak in, urgent and unbidden, even during a consultation (McEwan 20). He mocks at known postmodern suspicions: If the present dispensation is wiped out now, the future will look back on us as gods, certainly in this city, lucky gods blessed by supermarket cornucopias, torrents of accessible information, warm clothes that weigh nothing, extended lifespans, wondrous machines (McEwan 77). Perowne is so aware of the present that he even continues his amusing evaluation of contemporary life in the shower. The more time the reader spends with Perowne, the more one can see a man who is dedicated to doing the correct thing instead of doing the practical thing. McEwan portrays Perowne as a man who in some ways has got it all: happiness and success. However, in the end Perowne sees something in Baxters character that he himself has not got. He realizes through encountering the random yet chaotic events with Baxter that there has to be more to life than merely saving lives (McEwan 28). Baxter is gifted in something that Perowne is not-appreciating the meaning of poetry. It may have been love that changed and touched Baxter, not the scientific activity occurring in his brain. Perownes frame of mind changes throughout the course of the novel, and therefore throughout his Saturday. He goes from being cheerful to cross to optimistic. Schrodingers cat could either be alive or dead in a box, the war could either happen or not happened. Whatever the case may be, the world continues to go on anyway. As this particular Saturday in the life of Perowne unfolds itself, he demonstrates to readers that uncertainty of the future will always exist. It is something that cannot be predicted but can only be responded to.
Wednesday, November 13, 2019
When Filing for Bankruptcy in Canada :: essays research papers
This received a 27/28 in my OAC law class so, have a blast..... WHEN FILING FOR BANKRUPTCY IN CANADA The law sometimes seems to pervade all aspects of our lives and an involvement with bankruptcy and insolvency law has proved to be almost unavoidable for business people in Canada during the 1990's. In simplest term, corporate and individual bankruptcy law provides a set of rules to prevent chaos among the creditors of an insolvent corporation or individual. The legislation is a complex in part because those creditors fall into so many categories-secured creditors, unsecured creditors, government creditors, and so on-each with its own special rights and interests in the bankruptcy process. Canada's federal bankruptcy statute, the Bankruptcy and Insolvency Act, also deals with corporate receivership. A receivership is not the same as a bankruptcy. By the same token, a receiver is not the same as a trustee in a bankruptcy. However, the two systems have a lot in common and a receivership of an individual or a corporation usually occurs at the same time as a bankruptcy. Corporations that have become insolvent can try to avoid bankruptcy and receivership by reorganizing their finances. The Bankruptcy and Insolvency Act deals with reorganizations and another federal statute, the Companies' Creditors Arrangement Act, may offer relief to some corporations. Some of Canada's biggest news stories of the past few years have concerned the attempts of major Canadian companies such as Olympia & York, Algoma Steel, Grafton Fraser, Woodwards, Westar Mining, and Birks, to complete reorganizations. But the most well known companies were both Air Canada and Canadian Airlines. Air Canada, Canadian Airlines, and United Airlines are all commercial passenger air carriers. Beyond that, they have only a few similarities. All are old commercial carriers that were facing bankruptcy together until the Canadian Postal Service approved air travel for Canadian Mail in 1925. There, they reached a point of divergence that continues today. AIR CANADA Time Magazine's November 17, 1958 cover sported a diagonal banner across one corner reading "Jets Across Canada." (Goutierez, 1997). At the time of the article's publication, "Air Canada had earned a reputation as an industry leader, and this, coupled with the high-profile leadership of 'Mr. C.R.,' made Air Canada's imminent transcontinental jet service the catalyst for an exciting new era. Time wrote that although Pan Am had already flown jets across the Atlantic, C.R. Smith and Air Canada would usher in the 'Jet Age' for most Canadians with the introduction of
Sunday, November 10, 2019
Acid Rain Case Study
Acid Rain: The Southern Company (A) Problem Statement In 1992, executives at the Southern Company have three years to formulate a robust and complex strategy that will involve massive capital outlay and substantial modifications to processes and procedures as it works to comply with provisions enacted in 1990 to the amendments of the Clean Air Act, while simultaneously ensuring they remain sustainable and profitable. Analysis The Southern Company is an American based electric utilities company in Alabama, Georgia, Florida, and Mississippi.It is the fourth largest in the U. S. The case surrounds the challenges the companyââ¬â¢s Bowen plant in Georgia faces as it attempts to conform to the new 1990 Clean Air Act Amendments. The Bowen plant is a coal fired plant capable of producing enough power to serve residential, commercial, and industrial demands of over one million people. The Clean Air Act recognizes sulfur as a contributor to the acid rain problem and enacted a goal to reduce total national sulfur dioxide emissions to half of 1990 levels.The Act describes the cap and trade approach whereby companies are permitted to pollute a certain amount of sulfur dioxide compared to levels of electricity output they produce. Rainwater is naturally acidic with a pH of around 5. 7. Acid rain can be defined by anthropogenic acidification caused by nitrogen compounds and sulfur dioxide, formed as particulate matter released in man-made products such as smoke stack emissions and automobiles. Environmentalists have grown more concerned about the effects of acid rain which contains lower than normal pH levels in water.The effects of the lowered pH as surface water streams into rivers and threatens aquatic species, disappearance of sensitive coral reefs, disrupts microorganisms and natural acid buffers in soil, weakens tree roots, causes leaf loss, and corrodes limestone and buildings. The case serves to examine the methods and alternatives for which sulfur dioxide is utili zed, and the relation with its pollution within coal-fired energy plants. Through new provisions passed in the Clean Air Act of 1990, the Southern Companyââ¬â¢s Bowen plant in Georgia will require strategic action in order to comply with the new law.They must reduce their sulfur dioxide emissions from 262,800 tons per year to 254,580 per year, as well as steeper reductions in subsequent years. If it does not, it will be allowed to buy allowances from other plants or companies to meet the legislative requirements. Conversely, the Bowen plant can work to significantly lower sulfur dioxide emissions and sell their excess pollution allowances to other plants or companies. To this end, the case discusses three options the Bowen plant is investigating in order to comply with the new Clean Air provisions, which are: 1.Option 1: Burn high-sulfur coal without scrubbers and purchase allowances 2. Option 2: Burn high-sulfur coal with scrubbers and sell allowances 3. Option 3: Burn low-sulfu r coal and have potential to sell allowances The Southern Company must consider certain ambiguities as they evaluate their options. First, the pricing of pollution allowances are established estimates and could vary depending on projected levels and future government protocol.Second, if the Bowen plant selects the option that would produce the greatest amount of pollution, it would counter the intent of the Clean Air Act and therefore, even if the option chosen is most advantageous from a profitability standpoint, the company should consider a balance of profitability and adherence to the progression of global conservation. The Southern Company has certain advantages in working toward a solution to bring their plants up to code and in line with new regulations. They have four plants in the southeast, representing a strong energy producing market share in the region.Each plant is in a different stage of code adherence, so the company has flexibility as it considers its options for th e Bowen plant. As a standard, the coal plants have low variable costs, and operate continuously with reliability. The Bowen facility offers affordable electricity, serving residential, commercial, and industrial segments. Some of the companyââ¬â¢s weaknesses is they manage a large scale operation and a single strategic business decision may have downstream effects on other plants.In addition, they have dependencies on their external coal suppliers, the fact that their current operations and capital equipment only support emissions of sulfur dioxide requiring government regulation. As Coase indicates, ââ¬Å"when property rights are not defined and enforced, or when transaction costs are high, the contentious parties can call on government to deal with the issueâ⬠(Myer), which is exactly what has occurred. Coase reminds us that external effects are reciprocal. There would be no acid rain harm if it were not for economic pursuit that values environmental use.In contrast, ther e would be no discharge of waste were it not for economic activity that values environmental use. Therefore, the focus of the acid rain dilemma is on the producers and users of electricity and the owners of coal companies and their employees, not the owners of the buildings, property tax collectors, environmentalists, or other interest groups wanting to place restrictions on environmental users. Recommendation: The recommendation for this case is largely represented in the Excel spreadsheet that accompanies this paper.Specifically, the lines 2 through 12 on the spreadsheet cite the assumptions that are common among all three options. Option 1: Burn High-Sulfur Coal without Scrubbers: Purchase Allowances Without utilizing the scrubbers, 266,550 tons of sulfur dioxide will emit into the atmosphere. It is impossible to meet input requirements of 8,338 tons of coal and still emit low enough levels to meet the Clean Air Act standards. Bowenââ¬â¢s coal varies widely both in delivered p rices per ton and in heat content per pound; therefore prices are expressed in dollars per ton.From 1992-1995, high sulfur Kentucky coal burned at $41. 46 per ton. From 1995-2016, the price was expected to fall to $39. 82 per ton. They would have to purchase pollution allowances in addition to paying the operating costs for this option. Summary of Assumptions| Description of Value | Cost per Ton ââ¬â High Sulfur Coal (bottom of pg. 3)| 1992-1995 cost per ton is $41. 46; 1996-2016, price drops to $29. 82| Cost per Ton ââ¬â Low Sulfur Coal (pg. 5)| For option 3: Starting in 1996, cost for low sulfur is $30. 37 per ton. | Estimated Price of Allowances (pg. )| 1995 allowance is $250; and increase 10% in 1996 on through 2016| Tons of High Sulfur Coal per Year (pg. 4-top)| Annual hi-sulfur coal needed to sustain operations (reference cell C8) 8. 338M tons| Tons of Low Sulfur Coal per Year (pg. 5)| Annual low-sulfur coal needed to sustain operations (reference cell C9) 8. 391M tons | Sulfur Dioxide allowances received /yr. (pg. 2)| 254,580 tons of sulfur dioxide in 1995-1999; and 122,198 in years 2000-2016| Revenue from electricity sales (pg. 4, option 2)| Reference value for option 2 that contributes to loss of 2% revenue (see option 2, line 41). 1551000000 kw*0. 056) = 1206856000| OPTION 1: HIGH-SULFUR COAL WITHOUT SCRUBBERS| Description of Value| Sulfur Dioxide Emitted (pg. 4)| Bowen plant burns 1. 6% sulfur by weight, burning 8. 338M tons, generating 266,550 tons of sulfur dioxide emissions. All years included| Allowances Bought (pg. 2)| Option 1 would require Bowen to buy allowances. Figure is 266,550 tons of sulfur dioxide generated minus the 254,580 allowances afforded, starting in 1995 ââ¬â 2016| Allowance Cost (pg. 3)| Price of allowances bought times the price, starting in 1995 ââ¬â 2016 | Fuel Cost| N/A|Additional Operating Cost| N/A| Lost Revenue| N/A| Pre-tax Total| Adds allowance, fuel, additional operating, and lost revenue costs (lines 19 through 22)| After-tax Cost| Adds 37. 7% tax rate starting in 1995 through 2016| Capital Cost| N/A| Depreciation| N/A| Total| After tax cost + capital cost ââ¬â depreciation (if applicable)| PV| Present value year over year| NPV = | 266. 38 Millions| Option 2: Burn High-Sulfur Coal with Scrubbers and sell allowances Wet limestone flue gas desulfurization (FGD) equipment, commonly referred to s scrubbers, are as large as generators and expensive to install. The gas with 90% of the sulfur dioxide removed would then be vented to the air. Bowen could install the scrubbers during Phase 1 period, and allow them to sell allowances to other utility plants. During Phase 2, Bowen will have to meet the new requirements and would delay capital outplays of installing the scrubbers by five years, however, in Phase 1 period they would have to buy allowances or burn lower-sulfur coal. OPTION 2: HIGH-SULFUR COAL WITH SCRUBBERS| Description of Value| Sulfur Dioxide Emitted| Bowen plant burns 1 . % sulfur by weight, burning 8. 338M tons, generating 266,550 tons of sulfur dioxide emissions before scrubbers installed. Thereafter, beginning in 1995, emissions drop to 26,655| Allowances Bought| Option 2 would require Bowen to buy allowances. Figure is 26,650 tons of sulfur dioxide generated minus the 254,580 allowances afforded, starting in 1995 ââ¬â 2016, hence allowance cost is much less than option 1, due to less emissions generated| Allowance Cost| Price of allowances bought times the price, starting in 1995 ââ¬â 2016 | Fuel Cost| N/A|Additional Operating Cost (pg. 7)| Scrubbers add 0. 13 per kwh to operating costs for purchase of limestone and disposal of sludge| Lost Revenue| Additional energy consumption costs impact revenue by 2%| Pre-tax Total| Adds allowance, fuel, additional operating, and lost revenue costs (lines 36 through 39)| After-tax Cost| Adds 37. 7% tax rate starting in 1995 through 2016| Capital Cost| $143. 85M in year 0, $503. 61M in year 1, $71. 97M in year 2| Capitalized Value| $143. 85M in year 0, $503. 61M in year 1, $71. 7M in year 2 = added| Depreciation| Capitalized value * 14% depreciation (1995 ââ¬â 1999); 2% depreciation (2000-2016)| Tax Benefit from Depreciation| Straight line depreciation | Total| After tax cost + capital cost + tax benefit from depreciation | PV| Present value year over year| NPV = | 309. 90 Millions| Option 3: Burn Low-Sulfur Coal. Compared with the coal burned at Bowen that contained an average weight of 1. 6% sulfur, the low-sulfur coal contains only 1% by weight, but its cost is greater than the expected 1996 cost of high-sulfur coal. There is a capital expenditure of $22. million to change the electrostatic precipitation used to control airborne particulate matter. Prices will rise after the year 2000 because in Phase 2 its price was expected to rise as the tighter control drove up demand. It will take more low-sulfur coal per year to generate electricity versus high-sulfur coal. The lo w-sulfur coal would still emit 167,650 tons of sulfur dioxide per year which is less than half the 266,550 tons of high-sulfur coal. The problem with low-sulfur coal is that it is rare and expensive to mine. OPTION 3: LOW-SULFUR COAL WITHOUT SCRUBBERS| Description of Value| Sulfur Dioxide Emitted| Bowen plant burns 1. % sulfur by weight, burning 8. 338M tons, generating 266,550 tons of sulfur dioxide emissions before scrubbers installed. Thereafter, beginning in 1995, emissions drop to 26,655| Allowances Bought| Option 3 would require Bowen to buy allowances. Figure is 26,650 tons of sulfur dioxide generated minus the 254,580 allowances afforded, starting in 1995 ââ¬â 2016, hence allowance cost is much less than option 1, due to less emissions generated| Allowance Cost| Price of allowances bought times the price, starting in 1995 ââ¬â 2016 | Fuel Cost| Additional low-sulfur fuel cost begin in 1996 ââ¬â 2000 ($30. 7 per ton), and new rate from 2000 ââ¬â 2016 ($34. 92 per ton)| Additional Operating Cost| N/A| Lost Revenue| N/A| Pre-tax Total| Adds allowance, fuel, additional operating, and lost revenue costs (lines 55 through 58)| After-tax Cost| Adds 37. 7% tax rate starting in 1995 through 2016| Capital Cost| $22. 1M one-time purchase for electrostatic precipitators | Depreciation| Straight-line depreciation beginning in 1997 of 14%| Tax Benefit from Depreciation| Capitalized value * 14% depreciation (1997 ââ¬â 2000)| Total| Straight line depreciation |PV| Present value year over year | NPV = | 176. 98 Millions| From the suggested assumptions presented above, and the detail from the discounted cash flow Excel spreadsheet, a recommendation is evident to suggest the best option for the Southern Company to adopt, which is option 2 that yields the highest net present value. Continuing the processes of burning high emitting sulfur dioxide coal, with the investment of scrubbers is the most cost effective solution given the companyââ¬â¢s conclu sion to retire the plant in 2016.The company must now decide whether to install pollution control equipment and generate excess permits for sale to other companies, or to emit larger quantities of sulfur dioxide, save capital costs, and purchase pollution permits. Considering the discounted cash flow analysis of a make versus buy decision, the company should also consider issues of expected cost minimization, questions of economic and political uncertainty, and the value of flexibility. The analysis depends on assumptions of the behavior of emissions permit prices over time, which a discussion of externalities (acid rain) links to the companyââ¬â¢s cost of capital.Various factors complicate the decisions, including real options characteristics, emissions market evolution, substitute investment prices, and public policy. The company should develop a comprehensive risk assessment process that includes all the areas of significant risks to the Company, including potential price impa cts on customers, reliability risk, regulatory risk, impacts on customer behavior, reputational risk, etc. These integrated processes consider multiple environmental considerations and requirements rather than solely on the greenhouse gas regulations.Even though the Southern Company does not have a greenhouse gas emissions reduction target, they should be committed to improving their environmental performance and the communities it serves by being a good environmental steward and working to conserve valuable natural resources. Further, Southern Company employees, customers, and the public, and the protection of the natural environment should be among the Company's highest priorities. The Southern Company is going to face major challenges throughout their daily operations as they implement option 2.The first challenge will be their ability to conduct traditional electricity business operations effectively while transforming the Bowen plant. The new regulations, changes in the energy environment, and transmitting electricity securely are all reasons that could affect their earnings. The Southern Company must work toward balancing the required costs and capital expenditures with their customerââ¬â¢s prices during the renovation period, with ability to sustain future profit margins.To begin the process of exercising Option 2 will require a firm commitment to install scrubbers and that plan needs to begin now with the creation of Requests for Proposals (RFPââ¬â¢s). Company executives have estimates of how long will it take to implement the scrubbers but do not address if they will require additional manpower to handle the maintenance for the scrubbers. The company should be prepared to add new labor which will stimulate additional jobs which will make for a positive public relations story.Option 2 will also place the company in a position light with the ability to sell allowances versus worrying about buying allowances. As society progresses, so too is the se nsitivity to pollution and operating a plant that exceeds the Clean Air Act requirements will position the company more favorably in the industry. The need to cut emissions to conform to Clean Air Act requirements and the anticipated high costs to conform will likely result in an emerging market for emissions trading. To this end, trade allowance prices are likely to increase, thereby potentially generating additional revenues for the company.The company should consider capitalizing on partnerships with environmentalists or green conscious companies by creating a marketing campaign that promotes the purchase of pollution credits so they are not sold to other polluters. Such a campaign could allow people and companies to buy pollution credits to support their social causes, such as students and schools and universities, as well as individuals buying credits for birthday, wedding, or retirement gifts. Because of the Clean Air Act provisions, coal-firing generating facilities must redu ce their greenhouse gas pollution before 2016; it is probable that he company should consider that coal-firing plant operations will not be profitable in the future. Therefore, in addition to implementing option 2 to conform to reduced emission coal fired electricity production, the company needs to consider exploration of other emerging markets for producing energy such as oil, nuclear power, natural gas, and renewables. The strategy process should anticipate cost, emissions, and performance characteristics of each of these options, as appropriate, for individual units.Further, the company should develop environmental strategy schedules that include long term emission control plans. Another avenue the Southern Company should be aware of is its ability to create mergers with other power-generating companies. It is likely in subsequent years, with regulation, alternative fuel sources, and technology advancement changing industry dynamics, power generating companies may see this speci al characteristic of mergers and acquisitions, which can significantly reduce costs while increasing generating capacity and market share.In closing, all three options are going to cause a certain amount of operating energy, management headache, and expense. It is option 2 that appears to be the least painful in that it forces the Southern Company to elevate their Bowen plant with the newest technology with the installation of scrubber systems, while also stimulating labor growth. It also allows the greatest ability to produce excess allowances (except for option 3) that can be sold for revenue.Option 3 is too unstable with the company having to terminate contracts with coal suppliers and convert to a low-sulfur coal product which is scarce and more costly. When the Bowen plant retires its operations in 2016, the company should have mostly converted from coal to newer energy sources, and can liquidate the remaining assets for a higher value versus not making equipment conversions wi th options 1 and 3.Finally, option 2 can be viewed positively by environmentalists, shareholders, and employees by signifying a committed investment in the Bowen plant. References: Reinhardt, F. , (1992). Acid Rain: The Southern Company (A). HBS No. 9-792-060. Boston, MA: Harvard Business School Publishing Meyer, R. , and Yandle, B. , (1987) The Political Economy of Acid Rain Cato Journal, Vol. 7, No. 2. The Cato Institute
Friday, November 8, 2019
Famous Flash Fiction
Famous Flash Fiction Over the past few decades, flash fiction, micro-fiction, and other super-short short stories have grown in popularity. Entire journals such as Nano Fiction and Flash Fiction Online are devoted to flash fiction and related forms of writing, while contests administrated by Gulf Coast, Salt Publishing, and The Kenyon Review cater to flash fiction authors. But flash fiction also has a long and respectable history. Even before the term ââ¬Å"flash fictionâ⬠came into common usage in the late 20th century, major writers in France, America, and Japan were experimenting with prose forms that put special emphasis on brevity and concision.à Charles Baudelaire (French, 1821-1869) In the 19th century, Baudelaire pioneered a new type of short-form writing called ââ¬Å"prose poetry.â⬠Prose poetry was Baudelaireââ¬â¢s method for capturing the nuances of psychology and experience in short bursts of description. As Baudelaire puts it in the introduction to his famous collection of prose poetry, Paris Spleen (1869): ââ¬Å"Who has not, in bouts of ambition, dreamt this miracle, a poetic prose, musical without rhythm or rhyme, supple and choppy enough to accommodate the lyrical movement of the soul, the undulations of reverie, the bump and lurch of consciousness?â⬠The prose poem became a favorite form of French experimental writers, such as Arthur Rimbaud and Francis Ponge. But Baudelaireââ¬â¢s emphasis on turns of thought and twists of observation also paved the way for the ââ¬Å"slice of lifeâ⬠flash fiction that can be found in many present-day magazines. Ernest Hemingway (American, 1899-1961) Hemingway is well-known for novels of heroism and adventure such as For Whom the Bell Tolls and The Old Man and the Sea- but also for his radical experiments in super-short fiction. One of the most famous works attributed to Hemingway is a six-word short story: ââ¬Å"For sale: baby shoes, never worn.â⬠Hemingwayââ¬â¢s authorship of this miniature story has been called into question, but he did create several other works of extremely short fiction, such as the sketches that appear throughout his short story collection In Our Time. And Hemingway also offered a defense of radically concise fiction: ââ¬Å"If a writer of prose knows enough about what he is writing about he may omit things that he knows and the reader, if the writer is writing truly enough, will have a feeling of those things as strongly as though the writer had stated them.â⬠Yasunari Kawabata (Japanese, 1899-1972) As an author steeped in the economical yet expressive art and literature of his native Japan, Kawabata was interested in creating small texts that are great in expression and suggestion. Among Kawabataââ¬â¢s greatest accomplishments are the ââ¬Å"palm-of-the-handâ⬠stories, fictional episodes and incidents that last two or three pages at most. Topic-wise, the range of these miniature stories is remarkable, covering everything from intricate romances (ââ¬Å"Canariesâ⬠) to morbid fantasies (ââ¬Å"Love Suicidesâ⬠) to childhood visions of adventure and escape (ââ¬Å"Up in the Treeâ⬠). And Kawabata didnââ¬â¢t hesitate to apply the principles behind his ââ¬Å"palm-of-the-handâ⬠stories to his longer writings. Near the end of his life, he crafted a revised and much-shortened version of one of his celebrated novels, Snow Country. Donald Barthelme (American, 1931-1989) Barthelme is one of the American writers most responsible for the state of contemporary flash fiction. For Barthelme, fiction was a means of igniting debate and speculation: ââ¬Å"I believe that my every sentence trembles with morality in that each attempts to engage the problematic rather than to present a proposition to which all reasonable men must agree.â⬠Although these standards for indeterminate, thought-provoking short fiction have guided short fiction in the late 20th and early 21st century, Barthelmeââ¬â¢s exact style is difficult to imitate with success. In stories such as ââ¬Å"The Balloonâ⬠, Barthelme offered meditations on strange events- and little in the way of traditional plot, conflict, and resolution. Lydia Davis (American, 1947-present) A recipient of the prestigious MacArthur Fellowship, Davis has won recognition both for her translations of classic French authors and for her many works of flash fiction. In stories such as ââ¬Å"A Man from Her Pastâ⬠, ââ¬Å"Enlightenedâ⬠, and ââ¬Å"Storyâ⬠, Davis portrays states of anxiety and disturbance. She shares this special interest in uneasy characters with some of the novelists she has translated- such as Gustave Flaubert and Marcel Proust. Like Flaubert and Proust, Davis has been hailed for her breadth of vision and for her ability to pack a wealth of meaning into carefully-chosen observations. According to literary critic James Wood, ââ¬Å"one can read a large portion of Davisââ¬â¢s work, and a grand cumulative achievement comes into view- a body of work probably unique in American writing, in its combination of lucidity, aphoristic brevity, formal originality, sly comedy, metaphysical bleakness, philosophical pressure, and human wisdom.ââ¬
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