Modern Literature Existentialism Essays - Philosophy Of Life

Modern Literature: Existentialism EXISTENTIALISM Existentialism is a philosophical movement that developed in continental Europe during the 1800's and 1900's. Most of the members are interested in the nature of existence or being, by which they usually mean human existence. Although the philosophers generally considered to be existentialists often disagree with each other and sometimes even resent being classified together, they have been grouped together because they share many problems, interests, and ideas. The most prominent existentialist thinkers of the 1900's include the French writers Albert Camus, Jean-Paul Sarte, and Gabriel Marcel and German philosophers Karl Jaspers and Martin Heidegger. The Russian religious and political thinker Nicolas Berdyaev and the Jewish philosopher Martin Buber were also famous existentialists. Existentialism is largely a revolt against traditional European philosophy which reached its climax during the late 1700's and early 1800's. Principles of knowledge that would be objective, universally true, and certain were produced. Existentialists rejected the methods and ideals of science as being improper for philosophy. They investigated what it is like to be an individual human being living in the world instead of making the traditional attempt to grasp the ultimate nature of the world and abstract systems of thought. They stress the fact that every individual is only a limited human being. Each must face important and difficult decisions with only limited knowledge and time in which to make these decisions. Human life is seen as a series of decisions that must be made without knowing what the correct choice is. They must decide what standards to except and which ones to reject. Individuals must make their own choices without help from external standards. Humans are free and completely responsible for their choices. Their freedom and responsibility is thrust upon them and they are ?condemned to be free?. Their responsibility for actions, decisions and beliefs cause anxiety. They try to escape by ignoring or denying their responsibility. To have a meaningful life one must become fully aware of the true character of the situation and bravely accept it. Existentialists believe that people learn about themselves best by examining the most extreme forms of human experience. They write about such topics as death and extreme situations. This concentration upon the most extreme and emotional aspects of experience contrasts sharply with the main emphasis of contemporary philosophy in England and the United States. This philosophy focuses upon more common place situation and upon the nature of language rather than experience. JEAN-PAUL SARTRE Jean-Paul Sarte was born in Paris in 1905, and died in 1980. In 1964, he was awarded the Nobel Prize for literature. However he refused to accept the reward. Sarte was a French existentialist philosopher who expressed his ideas in novels, plays, and short stories, as well as theoretical works. The mere existence of things, especially his own existence, fascinated and horrified him. To Sarte there seemed no reason why anything exists. He stated that only human existence is conscious of itself and of other things. He argued that non-living objects simply are what they are and people are whatever they choose to be. People exist as beings who must choose their own character. He agreed with the existentialists philosophy that people are completely free. Sarte said, ?People are afraid to recognize this freedom and to accept full responsibility for their behavior.? Throughout his philosophical and literary works, he examined and analyzed the varied and subtle forms of self-deception. In Sarte's chief philosophical work, Being and Nothingness, he investigated the nature and forms of existence or being. In his essay, Existentialism and Humanism, he defined existentialism as the doctrine that, for humankind, ?existence precedes essence?. In the Critique of Dialectical Reason, Sarte presented his political and sociological theories. THEATER OF THE ABSURD MOVEMENT The theater of the absurd refers to tendencies in dramatic literature that emerged in Paris during the late 1940's's and early 1950's. It's roots can be found in the allegorical morality plays of the middle ages and the allegorical religious dramas. The term theater of the absurd derives from the philosophical use of the word absurd by such existentialists thinkers as Albert Camus and Jean-Paul Sarte. A fully satisfying rational explanation of the universe was beyond its reach and the world must be seen as absurd. The images of the

Music In Education Essays - Human Communication, Linguistics

Music In Education Essays - Human Communication, Linguistics Music In Education Music in education is essential to our children because it increases their listening skills and is a common method of communication for cultures worldwide. Music is Education There are schools attempting to eliminate teaching musical arts to our children. The board of education claims they must provide education by concentrating on the basic academic courses, but what they don't realize is that music is a major part of basic education. We must not allow them to pull the teaching of music out of our school curriculums because music is an essential form of communication. Our children do not have to be fluent in the arts to receive the value of broad exposure to the different musical dialogues. Deprivation of a very valuable part of education occurs if we do not teach them to appreciate a wide variety of music. Metaphorically speaking, we often associate the terms language and grammar with the term music. This association leads us to believe that music is a form of language, possibly because no symbol system other than language has the same potential as music of infinite productivity and precision. It takes a multitude of directions and phonetic-type symbolism to produce a pleasant sounding musical composition. This relates very closely to the requirements of everyday language. The primary objective of any spoken language is to convey a person's thoughts in a comprehensible fashion, but we must remember that everyone thinks and comprehends everything differently. Musical language contains vast quantities of words to help people understand how original composers intended to play a specific piece. Musical language also has directions that allow and encourage some scope of original interpretation and minor departures from the written score, resulting in no two performances sounding exactly alike. The English language, as we know it, carries a very strong parallel to these same interpretable words. Dialect and slang are just two of the many connotative forms to speak different languages. All languages contain these variations and reinforce the need for striving toward understanding a basically generic language. It would be very difficult to speak to a non-English speaking person and clearly convey a message unless both persons were familiar with basic terminology. It would be just as unlikely to communicate a musical message to someone not educated or interested in musical interpretation. The term music in itself has many different connotations. One in the United States may not have the same perceptions as one whose origin is France or Australia, or elsewhere in the world. In my travels through Europe and South America I had a hard time finding any truly original, locally produced music. The majority of the music I searched through were also popular in the United States. It was very easy to find foreigners singing an American song using their interpretation of our language. The entire world seems to be able to communicate with music and seems to understand it enough to share their own musical interpretation. Music is a language of it's own and depending on how we speak it, it too can accomplish a multitude of results. People are no more able to understand a foreign language without education than they are to understand the unspoken language of music without proper musical education. A single score of music interpreted with a few of many available musical directions can tell as many stories as there are variations. For example, playing Cristofori's Dream by David Lanz entirely lento-pianisimo (slow and very soft), creates a very peaceful and tranquil mood. Played again allegro-forte (lively, brisk, and loud), emits an uplifting feeling. Yet, by using both interpretations progressively and regressively within this identical musical score, one could feel depleted and elated in the same timeframe. This is perhaps the most ascribable reason to pursue a knowledge of musical semantics. Within music one expresses many emotions, speaks many languages, conveys complex messages, and ! tells many stories. Music can be a selfish form of conversation and it is not always necessary to have a recipient to convey a message. One has only to listen while playing music to communicate with themselves, yet most would suspect the stability of a person who attempted this scenario by simply talking and responding while alone. Music merges the physical aspects of harmony with a sublime and metaphysical effect creating an inner peace. Seldom will words alone be capable of accomplishing what just one musical composition can communicate when we teach our children to appreciate music. With all available forms of communication, one should never forget that

The 50 Most Commonly Used Words in the English Language

The 50 Most Commonly Used Words in the English Language If youre an English learner, knowing which words are most commonly used in the language can help you to improve your vocabulary skills and gain confidence in  casual conversations.   Dont  count on these words to help you become fluent in English, but do use them as a resource to help you build your skills as you grow more  comfortable with the English language. Top Vocabulary Words All Everyone in a group.All the children did their homework. And A conjunction that joins parts of speech together in a sentence.She jumped, jogged, and danced in gym class.   Boy A male child.The little boy asked his mother if she would buy him candy. Book A long text of words that people read.The college student had to read a 500-page book for English class. Call To yell out or speak loudly; to contact someone by phone.  The girl called out to her brother so he would wait for her. Car A four-wheeled vehicle that transports people from one place to another.He drove the car from school to work. Chair A piece of furniture that can hold one person.My mother is the only one allowed to sit in the big chair in the living room.   Children Young people who have not yet reached adulthood.The children didnt listen to what their parents told them. City A place where many people live.New York is the biggest city in the United States. Dog   An animal that many people have as a household pet.My dog likes to play with bones. Door A passageway from which you can enter or exit a room or a building.  The students rushed through the classroom door just before the bell rang.   Enemy   The opposite of a friend. A competitor or rival.  The hero of the story killed his enemy with a sword. End To finish something or come to a conclusion.The end of the book was a happy one. Enough To have more than one needs of something.  Most Americans have enough food to eat, but thats not true in other countries.   Eat To consume food.  The children liked to eat apples and bananas after school.   Friend The opposite of an enemy. Someone on your side and with whom you enjoy spending time.The girl played with her friend in the yard until her mother told her to come inside. Father A male parent.The father picked up his child when she started crying. Go To travel to and from a location.  We go to school every day. Good To behave well or in a kind manner.My mother said that if Im good and dont hit my brother, she will take me to the movies. Girl A female child.  The girl dropped her schoolbooks on the ground.   Food An edible substance that people, animals, and plants eat to live.Starving people do not have enough food to eat and may die. Hear To listen to something.  I could hear my brother and sister arguing from the other room. House A place where people, often families, live.My friend lives in the biggest house on the street. Inside The internal part of something or to be located within something.  The inside of the house was warm and cozy.   Laugh To express that you find something amusing.  The children laughed after the clown made a joke. Listen To hear something.  We listen to music because we like to dance.   Man An adult male.The man was much taller than his son.   Name The title of a place, book, person, etc.  I never liked my name growing up.   Never Not ever.I am never getting back together with my boyfriend. Next The thing that happens after something else in a sequence; to be situated by something else.  Lets go to the next question. New Something just created or unused or unopened.My mother bought me a new doll for Christmas. It was still in the package. Noise Loud sounds, especially made by music or a group of people.  There was so much noise at the party, the neighbors called the police.   Often To happen frequently.  My teacher gets mad because I often forget my homework.   Pair Two things that go together.  I like the new pair of shoes my sister bought me for my birthday. Pick To choose or select.  I picked the cupcake with vanilla frosting.   Play To have fun with someone or engage in an activity or sport.  I like to play football with my brother.   Room A part of a home, building, office or another structure.  The room at the end of the hall is the coldest in the building.   See To watch or observe something.  I see clouds in the sky, which must mean it will rain soon. Sell To offer a service or a good for a price.I am going to sell my surfboard for $50 because its time for a new one.   Sit To rest on a floor, chair, or another surface.  The teacher told the children to sit on the carpet.   Speak To say something.I speak too loudly sometimes.   Smile To grin or show pleasure.I smile when my brother tells jokes. Sister The opposite of brother. The female child in relation to other children of the same parents.My parents took my sister and me to the circus. Think To contemplate something or have an idea or belief.  I think all pets should have a home.   Then Something that comes after an event in a sequence.  I opened the refrigerator. Then, I ate some food.   Walk To travel on foot.  I walk home from school every day. Water A substance plants, people, animals, and the earth need to survive.If animals dont have enough water to drink, they will die.   Work To make a living, engage in an activity for pay, or to reach a goal.  I work as a teacher because I like children.   Write To put something on paper with a pen or pencil. To use a computer to type text.I have to write three essays in English class this semester.   Woman A female adult.That woman was our new school principal.   Yes To answer affirmatively or respond to ones name being called.  Yes, Im here, the student said when the teacher called her name.

Lean Manufacturing Essay Example | Topics and Well Written Essays - 500 words - 2

Lean Manufacturing - Essay Example A number of companies around the world use this technique. The main purpose for implementing this technique is to bring efficiency in the production process. This technique is often called as the production process of the twenty-first century. Today, almost every size of business makes use of lean manufacturing because of the fact that many large size businesses have achieved success by integrating this technique. In addition to this, many large sized organizations hire lean manufacturing experts in their organizations. Many companies begin the process of lean manufacturing through value stream analysis. It is an analysis in which each step involved in the production process is closely monitored and examined. After that, an analysis is made about the value of each step. Value stream analysis helps the companies in identifying those steps which needs improvement or which has no worth in the production process (Feld, pg 55). According to lean manufacturing, seven different types of wastes results in the inefficient production. These types of wastes include over-production, waiting, over-processing, inventory, defects, transportation, and moving. Among these, over-production, transportation, and inventory are related to the scarcity in the flow of material. All of these types of wastes are a source of increasing cost without creating any value for the final consumer. Some companies start their lean manufacturing process with the facility analysis in which determines opportunity areas in different sections such as service, production, shipping, sales, production, administration, engineering, quality, and maintenance. Besides this, there is sometimes a need of Six Sigma tools in the lean manufacturing process. In order to gain efficiency, lean team should be trained properly so that they can develop an understanding about when to use the lean tools and when to implement improvement (Davis, pg 23-44). It is essential that companies follow the road map

Casa de Diseo Case Study Example | Topics and Well Written Essays - 750 words

Casa de Diseo - Case Study Example riod by offering credit terms of 3/10 net 60, what additional savings in resource investment costs will result for the shortened cash conversion cycle, assuming that the level of sales remains constant? If the firm’s variable cost of $40,000,000 in sales is 80%, determine the reduction in average investment in accounts receivable and the annual savings that will result from this reduced investment, assuming that sales remain constant. Teresa Leal should continue focusing on how the company can reduce the accounts receivable (money customers owe the company), a move that will automatically reduce the bad debt expense. The company should continue with its new strategy of offering cash discounts since the analysis has confirmed that it is a wise idea. However, the company’s management should also focus on how it can reduce the cost of offering cash discounts since it appears as if it is still relatively high (Fernandes,

Plato, Descartes, and The Matrix Essay Example for Free

Plato, Descartes, and The Matrix Essay Consider this, Is what we believe to be real and true real and true? In the movie The Matrix, Neo is a computer programer by day and hacker by night. He senses that something is wrong with the world but insists what he know he feels. When he dreams, he isn’t sure if it was real or just a dream just as Descartes believes he cannot trust his senses to tell him whether or not he is still dreaming. Neo meets with Morpheus and Morpheus gives Neo the option of knowing the truth. According to Morpheus the world isn’t real, it is an illusion and offers Neo a life altering choice. To take a pill that will give him the truth. The truth Morpheus refers to is that the world Neo believes in is just an illusion. What Neo perceives as real by his senses is nothing more than a computer generating ideas in his head without any real experiences. Morpheus gives Neo the option of continuing to live his life in the shadows and the way he perceives it or to see the light and the truth. This closely resembles the allegory of the cave by Pluto. Plato invites us to imagine humans being held prisoners, with no freedom to move or see except what is directly in front of them in the form of shadows. This is the prisoners reality. This is what they come to believe is real. When in-fact there is another world just beyond their reality. It is only after one prisoner escapes the shackles and chains and finds that the actual world is not just shadows but a world with the light of the sun. The prisoner has difficulty adjusting his eyes to the brightness, but eventually does. This experience parallels to what Neo experiences. Descartes poses the questions in his work Meditations of First Philosophy, 1961, of how we cannot for certain that the world he experiences isn’t not the product of an illusion forced upon him by an evil demon. He questions what he believes is real because of what he sees and feels while dreaming and therefore can’t trust his senses to tell him if 2he is still dreaming. When Neo accepts the â€Å"red pill† and his perception of his life slips away when he realizes that the human race is held in containers, unconscious, with a computer generating their thoughts and experiences. Humans invented Artificial Intelligence and in turn the AI took over mankind and enslaved them using them for the energy they required to stay ‘alive’. Neo realizes what Descartes proposed, that Neo’s life was just controlled by an evil demon, the Matrix. But Descartes went on to argue the existence of God, saying a Good God would not let an evil demon control us. Neo struggles with this new truth because he didn’t believe in fate because he didn’t like the idea he wasn’t in control of life. Neo life as he knew it is gone, and he is faced with the new reality and he struggles with the different emotions first of shock, fear and disbelief and then acceptance. He joins the group of dissidents to help others see the truth and reality of life. Knowing the truth doesn’t necessarily ‘set you free’ as we find out. A fellow dissident Cypher discovers the truth is hard and decides that ‘ignorance is bliss’. He negotiates a deal to deliver Morpheus in turn for his previous ‘life’. For Cypher, the truth was too much to handle, he liked the illusion of his previous life. Once Neo gains knowledge of he Matrix, he is able to discern between the truth and illusion and ascends to a higher level of understanding. He realizes that he can no longer blindly accept information received through his senses, but must requires answers to his questions. He like Descartes comes to the conclusion â€Å"I think, therefore I am†. The difference between the Matrix and Plato and Descartes is the movie gives Neo a way back to the physical real world whereas Plato and Descartes only suggest there is another reality and we are dreaming but doesn’t give us a way back. None of the notables address God within the realm of truth. God states he is the way of the light and the truth. We are challenged in our daily lives to live a real life.

Londons Tree Nursery- QM problem :: essays research papers

LONDON’S TREE NURSERY Model Problem Solving   Ã‚  Ã‚  Ã‚  Ã‚  London’s Nursery is a business that grows and sells evergreen trees. Here lately London’s has been looking into purchasing some new land in order to be able to grow some additional trees. This new land purchase will just be intended for the production of Colorado Blue Spruce trees and Concolor Fir trees. The London’s are looking at a section of land that is ten acres big. Before London’s decides to buy this land they want to know the amount of profits that they will be able to make off the land with the two different types of trees. They also want to know how many of each type of tree they will be able to plant on this section of land.   Ã‚  Ã‚  Ã‚  Ã‚  The model that will be used to determine the best option for London’s will be an Integer Programming Model and this model will be a total integer model. The reason why I selected to use a total integer model is because of the fact that you can not technically grow or sell only part of a tree. The issue of the amount of land can be divided out into fractions of land, but when objects such as these are being dealt with, fractions are not going to be able to properly give you a precise answer. When you use a total integer model, all of the decisions variables are required to have integer solution values. So, instead of coming up with an answer that might say you should produce 125.4 Colorado trees and 136.8 Concolor trees, your answer will not require any guessing or rounding down to try to determine the results. With a total integer model, your answer will be exact and it won’t require taking any chances. The new trees that London’s plan on growing on their new land have different requirements. The Colorado Blue Spruce requires about five square feet of room, and the Concolor Fir tree normally needs around seven square feet of room to properly grow and be maintained. The two trees also require different amounts of labor time in maintaining them. During the time that the nursery will have the trees a Colorado tree needs 1.5 hours of labor, but since the Concolor tree is more of an easy adapting tree they only need 1 hour(s) of labor a week. The London’s Tree Nursery has an extra 300 hours that they plan on using for these trees.

Play Station 3 Essay

Play Station 3 is the best multimedia console out so far. Such multimedia contents include a Blu- ray player, a HD DVD/ DVD player, a CD, and a Super Audio Cd Player. Some models of the PS3 Have something in them called the EMOTION CHIP, which is a fancy term for being able to play PS2 games, but all models have the ability to play PS1 games. As far as Graphics go the PS3 has the ability to display up to and over 550 MHz. You might be wondering what the hell is MHz( MEGA Hertz), well MEGA Hertz is Graphics card in the hardware of the PS3. MEGA Hertz or ant type of Hertz is a type of processor that gives the system the ability to display hundreds, thousands, or even millions or billions of pixels per second. capable of displaying over 65 HD frames per second. All of this graphics can’t be displayed on even the most recent computers, this is the most MHz’s out in any gaming console EVER!. The Connectivity of this console is outstanding, stellar, excellent! This awesome console can have a blue tooth headset, Six axis controller, and a Dual Shock 3 controller connected to the system wirelessly. Up to 4 Six axis, or Dual Shock 3 controllers connected to the system simultaneously, but that is the hardware speaking: more connectivity includes Cables such as the HDMI cable. Now the HDMI cable is for the best sound, picture, and quality when hooked up to an HD Tv, now if you don’t have an HD Tv but you have a Tv with 480i, or 720, and or 1080p, not 1080i, you can just go to Game stop to purchase a audio/video out with a high quality switch. A regular A/V cable for NSTC Tv s   comes with the product. The PS3’s hardware is very complex with a lot of the newest hardware used in most recent Computers, Hardware include a slot-loading 2x speed Blu- ray Disc drive for Games, DVD, BD DVD, CD’s, PS2/PS1 format games and Super audio CD’s. Plus a new IBM-designed CELL Microprocessor as its CPU. Graphics in hardware handled by the NVIDIA RSX ‘Reality Synthesizer’, which is used to support High Definition. Build in memory: 256 MB of XDR and 256 of GDDR3 video memory for the RSX. The system also has Bluetooth 2.0, Ethernet connectivity port, USB 2.0 and HDMI 1.3a. The PS3’s system hardware has been used for Super computer for High-Performance Computing, and WI-FI networking. PS3 owner will be able to use other operating systems besides XMB because Linux is pre-installed.   And thats why I think the PS3 is much much better than the XBOX 360!

The Great Trade Collapse: What Caused It and What Does It Mean

The great trade collapse: What caused it and what does it mean? Richard Baldwin 27 November 2009 World trade experienced a sudden, severe, and synchronised collapse in late 2008 – the sharpest in recorded history and deepest since WWII. This ebook – written for the world's trade ministers gathering for the WTO's Trade Ministerial in Geneva – presents the economics profession's received wisdom on the collapse. Two dozen chapters, written by leading economists from across the globe, summarise the latest research on the causes of the collapse as well as its consequences and the prospects for recovery.According to the emerging consensus, the collapse was caused by the sudden, severe and globally synchronised postponement of purchases, especially of durable consumer and investment goods (and their parts and components). The impact was amplified by â€Å"compositional† and â€Å"synchronicity† effects in which international supply chains played a central role. The â€Å"great trade collapse† occurred between the third quarter of 2008 and the second quarter of 2009. Signs are that it has ended and recovery has begun, but it was huge – the steepest fall of world trade in recorded history and the deepest fall since the Great Depression.The drop was sudden, severe, and synchronised. A few facts justify the label: The Great Trade Collapse. It was severe and sudden Global trade has dropped before – three times since WWII – but this is by far the largest. As Figure 1 shows, global trade fell for at least three quarters during three of the worldwide recessions that have occurred since 1965 – the oil-shock recession of 1974-75, the inflation-defeating recession of 1982-83, and the Tech-Wreck recession of 2001-02.Specifically: †¢The 1982 and 2001 drops were comparatively mild, with growth from the previous year’s quarter reaching -5% at the most. †¢The 1970s event was twice that size, with g rowth stumbling to -11%. †¢Today collapse is much worse; for two quarters in a row, world trade flows have been 15% below their previous year levels. The OECD has monthly data on its members’ real trade for the past 533 months; the 7 biggest month-on-month drops among the 533 all occurred since November 2008 (see the chapter by Sonia Araujo and Joaquim Oliveira).Figure 1 The great trade collapses in historical perspective, 1965 – 2009 Source: OECD Quarterly real trade data. The great trade collapse is not as large as that of the Great Depression, but it is much steeper. It took 24 months in the Great Depression for world trade to fall as far as it fell in the 9 months from November 2008 (Figure 2). The latest data in the figure (still somewhat preliminary) suggests a recovery is underway. Figure 2 The great trade collapses vs. the Great Depression Source: Eichengreen and O’Rourke (2009), based on CPB online data for latest.It was synchronised †¢All 104 nations on which the WTO reports data experienced a drop in both imports and exports during the second half of 2008 and the first half of 2009. †¢Figure 3 shows how imports and exports collapsed for the EU27 and 10 other nations that together account for three-quarters of world trade; each of these trade flows dropped by more than 20% from 2008Q2 to 2009Q2; many fell 30% or more. Figure 3 The great trade collapse, 2008 Q2 to 2009 Q2 Sources: WTO online database.Figure 4 shows that world trade in almost all product categories were positive in 2008Q2, almost all were negative in 2008Q4, and all where negative in 2009Q1. The categories most marked by international supply chains (Mechanical and electrical machinery, Precision instruments, and Vehicles) saw some of the biggest drops, and detailed empirics in the chapter by Bems, Johnson and Yi finds that supply chains were hit harder controlling for other factors. The chart, however, shows that the falls were by no means extraordin ary large in these sectors.Figure 4 All types of goods trade collapsed simultaneously Source: Comtrade database. Manufactures and commodities Trade collapsed across the board, but it is important to distinguish between commodities and manufactures. The collapse in minerals and oil trade started from a boom time and fell faster than total trade (Figure 5). The reason was prices. Food, materials and especially oil experienced a steep run up in price in early 2008; the boom ended in mid 2008 – well before the September 2008 Lehman’s debacle. The price of manufactures, by contrast, was rather steady in this period (Figure 6).Figure 5 The great trade collapse and values: Food, oil, and manufactures Source: ITC online database. Since food, fuels, and raw materials make up about a quarter of global trade, these price movements had a big impact on aggregate trade figures. Countries dependent on commodity exports, in particular oil exporters, were among those that experienced t he greatest drop in exports (see the chapters Africa by Peter Draper and Gilberto Biacuana, and by Leonce Ndikumana and Tonia Kandiero, and on India by Rajiv Kumar and Dony Alex).The drop in manufactures trade was also massive, but it involved mostly quantity reductions. Exporters specialising in durable goods manufactures saw a particularly sharp decline in their exports (see chapters on Japan by Ruyhei Wakasugi and by Kiyoyasu Tanaka). Mexico, which is both an oil exporter and a participant in the US’s manufacturing supply chain, experienced one of the world’s most severe trade slumps (see chapter by Ray Robertson). Figure 6 The great trade collapse and prices: Commodity vs. manufactures Source: CPB online database. CausesThe great trade collapse was triggered by – and helped spread – the global economic slump that has come to be called â€Å"The Great Recession. 1 As the left panel of Figure 7 shows, the OECD nations slipped into recession in this per iod, with the largest importing markets – the US, EU and Japan (the G3) – seeing their GDP growth plummet more or less in synch. The US and Europe saw negative GDP growth rates of 3 to 4%; Japan was hit far worse. Figure 7 The current recession, OECD nations and G3, 2007Q1 – 2009Q2 Note: G3 is US, EU and Japan. Source: OECD online data base.Why did trade fall so much more than GDP? Given the global recession, a drop in global trade is unsurprising. The question is: Why was it so big? The chapter by Caroline Freund shows that during the four large, postwar recessions (1975, 1982, 1991, and 2001) world trade dropped 4. 8 times more than GDP (also see Freund 2009). This time the drop was far, far larger. From a historical perspective (Figure 8), the drop is astonishing. The figure shows the trade-to-GDP ratio rising steeply in the late 1990s, before stagnating in the new century right up to the great trade collapse in 2008.The rise in the 1990s is explained by a nu mber of factors including trade liberalisation. A key driver, however, was the establishment of international supply chains (manufacturing was geographically unbundled with various slices of the value-added process being placed in nearby nations). This unbundling meant that the same value-added crossed borders several times. In a simple international supply chain, imported parts would be transformed into exported components which were in turn assembled into final goods and exported again, so the trade figures counted the final value added several times.As we shall see, the presences of these highly integrated and tightly synchronised production networks plays an important role in the nature of the great trade collapse (see chapters by Rudolfs Bems, Robert Johnson, and Kei-Mu Yi, and by Andrei Levchenko, Logan Lewis, and Linda Tesar). Figure 8 World trade to world GDP ratio, 1980Q1 to 2009Q2 Source: World imports from OECD online data base; World GDP based on IMF data. Emerging conse nsus on the causes Economists around the world have been working hard to understand the causes of this unusually large and abrupt shut down of international trade.The dozen chapters in Part II of this book summarise all the key research – most of it done by the authors themselves. They do not all agree on all points, but a consensus is emerging. When sales drop sharply – and the great trade collapse was a gigantic drop in international sales – economists look for demand shocks and/or supply shocks. The emerging consensus is that the great trade collapse was mostly a demand shock – although supply side factors played some role. The demand shock operated through two distinct but mutually reinforcing channels: †¢Commodity prices – which tumbled when the rice bubble burst in mid 2008 – continued to follow world demand in its downward spiral. The price movements and diminished demand sent the value and volume of commodities trade diving. â⠂¬ ¢The production and exports of manufacturing collapsed as the Lehman’s-induced shock-and-awe caused consumers and firms to wait and see; private demand for all manner of ‘postpone-able’ consumption crashed. This second point was greatly amplified by the very particular nature of the demand shock that hit the world’s economy in September 2008. Why so big? This consensus view, however, is incomplete.It raises the question: If the trade drop was demand driven, why was the trade drop so much larger than the GDP drop? The answer provided by the emerging consensus is that the nature of the demand shock interacted with â€Å"compositional† and â€Å"synchronicity† effects to greatly exaggerate the movement of the trade-to-GDP ratio. Compositional effect The compositional effect turns on the peculiar nature of the demand shock. The demand shock was very large, but also focused on a narrow range of domestic value-added activities – the produ ction of â€Å"postponeable† goods, consumer durables and investment goods.This demand drop immediately, reducing demand for all related intermediate inputs (parts and components, chemicals, steel, etc). The compositional-effect argument is founded on the fact that postponeables make up a narrow slice of world GDP, but a very large slice of the world trade (Figure 9). In a nutshell, the common cause of the GDP and trade collapse – a sudden drop in the demand for postponeables – operated with full force on trade but diminished force on GDP due to the compositional difference.The large demand shock applied to the near-totality of trade while only applying to a thin portion of GDP. Here is a simple example. 2 Suppose exports consisted of 90% â€Å"postponeable† (consumer and investment electronics, transport equipment, machinery and their parts and components). GDP, however, consists most of non-tradeables (services, etc). Taking postponeables’ share in US GDP to be 20%, the pre-crisis situation is: When the sales of postponeables slumps by, say, half, the numerator falls much more than the denominator.Assuming that †other† continues growth in trade and GDP by 2%, the post-crisis trade to GDP ratio is Exports have fallen 44. 8% in this example, while GDP has fallen only 8. 4%. In short, the different composition of trade and GDP, taken together with the specific nature of the demand shock, has resulted in trade falling more than 5 times as fast as GDP. See the chapter by Andrei Levchenko, Logan Lewis, and Linda Tesar for a careful investigation of this logic using detailed US production and trade data; they find that the compositional effect accounts for most of the US trade drop.The chapter by Joseph Francois and Julia Woerz uses US and Chinese data to argue that the compositional effect is key to understanding the trade collapse. 3 Figure 9 Composition of world goods trade Source: WTO online database for 2007. Sync hronicity effect The synchronicity effect helps explain why the great trade collapse was so great in an even more direct manner; almost every nation’s imports and exports fell at the same time. There was none of the averaging out that occurred in the three other postwar trade drops. But why was it so synchronised?There are two leading explanations for the remarkable synchronicity. The first concerns international supply chains, the second concerns the ultimate cause of the Great Recession. The profound internationalisation of the supply chain that has occurred since the 1980s – specifically, the just-in-time nature of these vertically integrated production networks – served to coordinate, i. e. rapidly transmit, demand shocks. Even a decade ago, a drop in consumer sales in the US or Europe took months to be transmitted back to the factories and even longer to reach the suppliers of those factories.Today, Factory Asia is online. Hesitation by US and European cons umers is transmitted almost instantly to the entire supply chain, which reacts almost instantly by producing and buying less; trade drops in synch, both imports and exports. For example, during the 2001 trade collapse, monthly data for 52 nations shows that 39% of the month-nation pairs had negative growth for both imports and exports. In the 2008 crisis the figure is 83%. For details on this point, see Di Giovanni, Julian and Andrei Levchenko (2009), Yi (2009), and the chapters by Rudolfs Bems, Robert Johnson, and Kei-Mu Yi, and by Kiyoyasu Tanaka.The second explanation requires a bit of background and a bit of conjecture (macroeconomists have not arrived at a consensus on the causes of the Great Recession). To understand the global shock to the demand for traded goods, we need a thumbnail sketch of the global crisis. How the subprime crisis became the global crisis The â€Å"Subprime Crisis† broke out in August 2007. For 13 months, the world viewed this as a financial crisi s that was mainly restricted to the G7 nations who had mismanaged their monetary and regulatory policy – especially the US and the UK.Figure 3 shows that world trade continued growing apace in 2007 and early 2008. The crisis metastasised from the â€Å"Subprime Crisis† to the global crisis in September 2008. The defining moment came when the US Treasury allowed the investment bank Lehman Brothers to go bankrupt. This shocked the global financial community since they had assumed no major financial institution would be allowed to go under. Many of the remaining financial institutions were essentially bankrupt in an accounting sense, so no one knew who might be next. Bankers stopped lending to each other and credit markets froze.The Lehman bankruptcy, however, was just one of a half dozen â€Å"impossible events† that occurred at this time. Here is a short list of others:4 †¢All big investment banks disappeared. †¢The US Fed lent $85 billion to an insuran ce company (AIG), borrowing money from the US Treasury to cover the loan. †¢A US money market fund lost so much that it could not repay its depositors capital. †¢US Treasury Secretary Paulson asked the US Congress for three-quarters of a trillion dollars based on a 3-page proposal; he had difficulties in answering direct questions about how the money would fix the problem. The hereto laissez-faire US Securities and Exchange Commission banned short selling of bank stocks to slow the drop in financial institutions stock prices. It didn’t work. †¢Daniel Gros and Stephano Micossi (2009) pointed out that European banks were too big to fail and too big to save (their assets were often multiples of the their home nations’ GDPs); †¢Congress said â€Å"no† to Paulson’s ill-explained plan, promising its own version. As people around the world watched this unsteady and ill-explained behaviour of the US government, a massive feeling of insecurity formed.Extensive research in behavioural economics shows that people tend to act in extremely risk averse ways when gripped by fears of the unknown (as opposed to when they are faced with risk, as in a game of cards, where all outcomes can be enumerated and assigned a probability). Fall 2008 was a time when people really had no idea what might happen. This is Ricardo Caballero’s hypothesis of â€Å"Knightian Uncertainty† (i. e. the fear of the unknown) which has been endorsed by the IMF’s chief economist Olivier Blanchard. Consumers, firms, and investors around the world decided to â€Å"wait and see† – to hold off on postponeable purchases and investments until they could determine how bad things would get. The delaying of purchases and investments, the redressing of balance sheets and the switching of wealth to the safest assets caused what Caballero has called â€Å"sudden financial arrest† (a conscious reference to the usually fatal medi cal condition â€Å"sudden cardiac arrest†). The â€Å"fear factor† spread across the globe at internet speed. Consumers, firms and investors all feared that they’d find out what capitalism without the capital would be like.They independently, but simultaneously decided to shelf plans for buying durable consumer and investment goods and indeed anything that could be postponed, including expensive holidays and leisure travel. In previous episodes of declining world trade, there was no Lehman-like event to synchronise the wait-and-see stance on a global scale. The key points as concerns the trade and GDP collapse: †¢As the fear factor was propagating via the electronic press; the transmission was global and instantaneous. †¢The demand shock to GDP and the demand shock to trade occurred simultaneously. â€Å"Postponeable† sector production and trade were hit first and hardest. There are a number of indications that this is the right story. First, g lobal trade in services did not, in general, collapse (see the chapter by Aditya Mattoo and Ingo Borchert). Interestingly, one of the few categories of services trade that did collapse was tourism – the ultimate postponeable. Second, macroeconomists’ investigations into the transmission mechanisms operating in this crisis show that none of the usual transmission vectors – trade in goods, international capital flows, and financial crisis contagion – were esponsible for the synchronisation of the global income drop (Rose and Spiegel 2009). Supply-side effects The Lehman-link â€Å"sudden financial arrest† froze global credit markets and spilled over on the specialized financial instruments that help grease the gears of international trade – letters of credit and the like. From the earliest days of the great trade collapse, analysts suspected that a lack of trade-credit financing was a contributing factor (Auboin 2009). As the chapter by Jesse Mora and William Powers argues, such supply-side shocks have been important in the past.Careful research on the 1997 Asian crisis (Amiti and Weinstein 2009) and historical bank crises (see the chapter by Leonardo Iacovone and Veronika Zavacka) provide convincing evidence that credit conditions can affect trade flows. The Mora and Powers chapter, however, finds that declines in global trade finance have not had a major impact on trade flows. While global credit markets in general did freeze up, trade finance declined only moderately in most cases. If anything, US cross-border bank financing bounced back earlier than bank financing from other sources.In short, trade financing had at most a moderate role in reducing global trade. Internationalised supply chains are a second potential source of supply shocks. One could imagine that a big drop in demand combined with deteriorating credit conditions might produce widespread bankruptcies among trading firms. Since the supply chain is a cha in, bankruptcy of even a few links could suppress trade along the whole chain. The chapters by Peter Schott (on US data), by Lionel Fontagne and Guillaume Gaulier (on French data), and by Ruyhei Wakasugi (on Japanese data) present evidence that such disruptions did not occur this time.They do this by looking at very disaggregated data (firm-level data in the Fontagne-Gaulier chapter) and distinguishing between the so-called â€Å"intensive† and â€Å"extensive† margins of trade. These margins decompose changes in trade flows into changes in sales across existing trade relations (intensive) and changes in the number of such relations (extensive). If the supply-chain-disruption story were an important part of the great trade collapse, these authors should have found that the extensive margin was important.The authors, however, find that the great trade collapse has been primarily driven by the intensive margin – by changes in pre-existing trade relationships. Trad e fell because firms sold less of products that they were already selling; there was very little destruction of trade relationships as would be the case if the extensive margin had been found to be important. This findings may be due to the notion of †hysteresis in trade† (Baldwin 1988), namely, that large and sunk market-entry costs imply that firms are reluctant to exit markets in the face of temporary shocks.Instead of exiting, they merely scale back their operations, waiting for better times. Protectionism is the final supply shock commonly broached as a cause of the great trade collapse. The chapter by Simon Evenett documents the rise in crisis-linked protectionist measures. While many measures have been put in place – on average, one G20 government has broken its no-protection pledge every other day since November 2008 – they do not yet cover a substantial fraction of world trade. Protection, in short, has not been a major cause of the trade collapse so far.Prospects The suddenness of the 2008 trade drop holds out the hope of an equally sudden recovery. If the fear-factor-demand-drop was the driver of the great trade collapse, a confidence-factor-demand-revival could equally drive a rapid restoration of trade to robust growth. If it was all a demand problem, after all, little long-lasting damage will have been done. See the chapter by Ruyhei Wakasugi on this. There are clear signs that trade is recovering, and it is absolutely clear that the drop has halted. Will the trade revival continue?No one can know the future path of global economic recovery – and this is the key to the trade recovery. It is useful nonetheless to think of the global economic crisis as consisting of two very different crises: a banking-and-balance-sheet crisis in the over-indebted advanced nations (especially the US and UK), on one hand, and an expectations-crisis in most of the rest of the world on the other hand. In the US, UK and some other G7 na tions, the damage done by the bursting subprime bubble is still being felt.Their financial systems are still under severe strain. Bank lending is sluggish and corporate-debt issuances are problematic. Extraordinary direct interventions by central banks in the capital markets are underpinning the economic recovery. For these nations, the crisis – specifically the Subprime Crisis – has caused lasting damage. Banks, firms and individuals who over-leveraged during what they thought was the †great moderation† are now holding back on consumption and investment in an attempt to redress their balance sheets (Bean 2009).This could play itself out like the lost decade Japan experienced in the 1990s (Leijonhufvud 2009, Kobayashi 2008); also see the chapter by Michael Ferrantino and Aimee Larsen. For most nations in the world, however, this is not a financial crisis – it is a trade crisis. Many have reacted by instituting fiscal stimuli of historic proportions, but their banks and consumers are in relatively good shape, having avoided the overleveraging in the post tech-wreck period (2001-2007) that afflicted many of the G7 economies.The critical question is whether the damage to the G7’s financial systems will prevent a rapid recovery of demand and a restoration of confidence that will re-start the investment engine. In absence of a crystal ball, the chapter by Baldwin and Taglioni undertakes simple simulations that assume trade this time recovers at the pace it did in the past three global trade contractions (1974, 1982 and 2001). In those episodes, trade recovered to its pre-crisis path 2 to 4 quarters after the nadir.Assuming that 2009Q2 was the bottom of the great trade collapse – again an assumption that would require a crystal ball to confirm – this means trade would be back on track by mid 2010. Forecasts are never better than the assumptions on which they are built, so such calculations must be viewed as what- if scenarios rather than serious forecasts. Implications What does the great trade collapse mean for the world economy? The authors of this Ebook present a remarkable consensus on this.Three points are repeatedly stressed: †¢Global trade imbalances are a problem that needs to be tackled. One group of authors (see the chapters by Fred Bergsten, by Anne Krueger, and by Jeff Frieden) sees them as one the root causes of the Subprime Crisis. They worry that allowing them to continue is setting up the world for another global economic crisis. Fred Bergsten in particular argues that the US must get its federal budget deficit in order to avoid laying the carpet for the next crisis.Another group points to the combination of Asian trade surpluses and persistent high unemployment in the US and Europe as a source of protectionist pressures (see the chapters by Caroline Freund, by Simon Evenett, and by Richard Baldwin and Daria Taglioni). The chapter by O’Rourke notes that avoiding a protectionist backlash will require that the slump ends soon, and that severe exchange rate misalignments at a time of rising unemployment are avoided. †¢Governments should guard against compliancy in their vigil against protectionism.Most authors mention the point that while new protectionism to date has had a modest trade effect, things need not stay that way. The chapter by Simon Evenett is particularly clear on this point. There is much work to be done before economists fully understand the great trade collapse, but the chapters in this Ebook constitute a first draft of the consensus that will undoubtedly emerge from the pages of scientific journals in two or three years’ time. Footnotes 1 See Di Giovanni and Levchenko (2009) for evidence on how the shock was transmitted via international production networks. This is drawn from Baldwin and Taglioni (2009). 3 Jon Eaton, Sam Kortum, Brent Neiman and John Romalis make similar arguments with data from many nations in an unpublished manuscript dated October 2009. 4 See the excellent timeline of the crisis by the New York Fed. 5 Caballero (2009a, b) and Blanchard (2009). References Auboin, Marc (2009). â€Å"The challenges of trade financing†, VoxEU. org, 28 January 2009. Baldwin, Richard (1988). â€Å"Hysteresis in Import Prices: The Beachhead Effect†, American Economic Review, 78, 4, pp 773-785, 1988.Baldwin, Richard and Daria Taglioni (2009). â€Å"The illusion of improving global imbalances†, VoxEU. org, 14 November 2009. Bean, Charles (2009). â€Å"The Great Moderation, the Great Panic and the Great Contraction†, Schumpeter Lecture, European Economic Association, Barcelona, 25 August 2009. Blanchard, Olivier (2009). â€Å"(Nearly) nothing to fear but fear itself†, Economics Focus column, The Economist print edition, 29 January 2009. Caballero, Ricardo (2009a). â€Å"A global perspective on the great financial insurance run: Causes, consequences, and solutions (Part 2)†, VoxEU. rg, 23 January 2009. Caballero, Ricardo (2009b). â€Å"Sudden financial arrest†, VoxEU. org, 17 November 2009. Di Giovanni, Julian and Andrei Levchenko (2009). †International trade, vertical production linkages, and the transmission of shocks†, VoxEU. org, 11 November 2009.Freund, Caroline (2009a). â€Å"The Trade Response to Global Crises: Historical Evidence†, World Bank working paper. Gros, Daniel and Stefano Micossi (2009). â€Å"The beginning of the end game†¦Ã¢â‚¬ , VoxEU. org, 20 September 2008. Kobayashi, Keiichiro (2008). Financial crisis management: Lessons from Japan’s failure†, VoxEU. org, 27 October 2008. Leijonhufvud, Axel (2009). â€Å"No ordinary recession†, VoxEU. org, 13 February 2009. Rose, Andrew and Mark Spiegel (2009). â€Å"Searching for international contagion in the 2008 financial crisis†, VoxEU. org, 3 October 2009. Yi, Kei-Mu (2009), â€Å"The collapse of global trade: Th e role of vertical specialisation†, in Baldwin and Evenett (eds), The collapse of global trade, murky protectionism, and the crisis: Recommendations for the G20, a VoxEU publication.

Jake Gittes Character Analysis Essays

Jake Gittes Character Analysis Essays Jake Gittes Character Analysis Paper Jake Gittes Character Analysis Paper Essay Topic: Chinatown Nicole Lopez ENCI 101 In the movie China Town Jake Gittes depicts some of the traits of your typical indifferent private investigator dealing with his clients marital issues including recording their adulterous acts. Jake was never fazed by anything and was a big advocate of provocative humor, even when he seemed to always find a dead end when he has a strong hunch about something. Jake seemed to be sort of a underdog of the film even from his grungy brown worn out Jacket that made him seem classified as lower class in contrast to his associates wardrobes. Also the fact that hroughout the whole film he was mocked by his passed various times. Gittes always frosted things up with some racy humor, with that being said it makes sense why his current Job is a pun to him due to the fact that he had worked in Chinatown before as a police officer where the case he took on was awfully deceptive which led to a woman getting hurt. The film did not give detail on the events that took place at that time but it was so devastating to Gittes that he quit the force. As we all know the case that Gittes takes on takes him symbolically back to Chinatown. It is believed that we as humans involuntarily pursue people, situations, nd events that recreate traumatic events in order to overcome the events that left an intangible mark on us. As shown in the film Jake is relentless when it comes to the cases isnt fazed by threats or by failures he kept himself going, throughout the movie he uses physical force against men and woman. Gittes never once was an armed man which is pretty ironic. Even though he has robust characteristics and shows no vulnerability to physical threats he is prone to them. He wears a a band aid throughout most of the film. Unlike most protagonist when he would overlook an imperative piece of information and putting hints inaccurately. In the film Jake struggles to grasp the bigger picture, which is one of the main foundations that build his character throughout the film. Jake Gittes always seemed to be passionate about being a detective; we see that when he crosses paths with Lt. Escobar you can tell that he carries a passion for police work and uncovering mysteries. He actually advised Mrs. Mulray from the beginning of the investigation that he wants to help her husband and then eventually help her and her sister/daughter. This shows that his true aspirations are using his investigating talent to help people triumph their evils. Although at the end f the film when tragedy struck again in Chinatown he mumbled the words as little as possible which is the thematic words of gittes whole character he has yet again was the bystander of a malevolent event failing another woman right in Chinatown. This final resolution leads to the realization that evil wasnt inherited in Chinatown just like Noah Cross didnt attain his evil there or Mrs. Mulrays inevitable involvement. Chinatown is Just a peculiar representation of the rest of the world. Instead of Jake redeeming himself from his past it Just destroy him further he ends up being a tragic figure versus being a hero.

A Comparison of The Poplar Field by William Cowper and Binsey Poplars Felled 1879 by Gerard Manley Hopkins

Comparison of William Cooper and Bentley's Poplar Fields In 1879 Gerard Manley Hopkins was first defeated in that the two poems were about the riverside tree collection. Another thing in common with these poems is that they were cut afterwards, so the writers are now deprived of their pleasure in cold through colored. However, there are many differences between verses. Initially, we noticed that Hopkins used a more complex prosodic system to capture readers. Choose two verses given in the lecture. Let's compare and contrast these two poems (Binsey Poplars by Gerard Manley Hopkins and The Trees by Phillip Larkin). In a recent article by The Guardian, Billy Mills wrote that Trees have been rooted in poetry for centuries. - These two poems have many similarities in their contents. They all have a poetry relationship. The author wrote that his son is his father. My father thought that he was committing a crime, but this is a crime that God does not like. These two poems are related to th e life of the author. After Hopkins leaves his hometown and replaced his position in the world, the competition and cooperation between the father and his son lasted for a long time. For example, in 1879, Gerald Manley Hopkins wrote a letter to the bridge. I included some of my father's lines in Well Walk (Jots and other funny things.) Two months later, Hopkins created Bingxi Poplar Tree to celebrate the cutting of forest near Oxford Did. Clearly, competition with father is an important creative stimulus. Binsey Poplars is a religious poem, Hopkins has no personality. Everywhere in Binsey Poplars, the tone of poetry is sadness, appealing, anger, determination, and religion. This poem is written in spring rhythm which is an innovative metric format developed by Hopkins. In the spring rhythm, the number of accent in a line is calculated, but the number of syllables is not calculated. How to rhyme is different in each section. Since Binsey Poplars has only two sections, the system of v erse is AB, AC, BA, CC. This is also irregular. The position of the line of Binsey Poplars indicates that it is effective to run that line. This poem compares the line of a tree with the rank of a soldier. A military image means that the development of industry in rural areas is equivalent to war 'Binsey Poplars' was published in 1918. This is elegy of the scenery Hopkins knows intimately during Oxford. It has many atmospheric and landscape words like jumping sun - which means that the sun seems to interact with the environment. On the third line of the first quarter, he used felling three times. He did this to convey the sound of an ax hitting a tree. Hopkins believes that natural objects are like expressions created by God and that they use self to capture it. This poem is about Hopkins' love for Him and tells more about poplar logging.

Case study Rosenfeld and the Chocolate Factory Essay

Case study Rosenfeld and the Chocolate Factory - Essay Example The deal was realized immediately after Lord Mandelson had a meeting with the chief executive of Kraft, Irene Rosenfeld, to discuss job losses in the UK. The job loss discussion resulted due to the protest by Cadbury staffs, outside Parliament. Cadbury employment values favored job security. The company had permanent and pensionable employment terms for their employees. Cadbury had a pension scheme that adequately remunerated employee on reaching retirement period or during voluntary retirement. The company invested a lot of resources towards a long term employment relationship with the employees. The human resource investment areas includes; succession planning, training, staff development, and staff motivation programs. Cadbury had adequate training programs to improve the competency of the employees, so as to effectively achieve both short term and long term goals. Training was provided in various areas of company operations. Marketing training entailed giving the marketing staffs adequate skills to determine the needs of customers. The production team was trained on innovation of more superior and efficient production processes. The management of the company favored employee motivation. This is through adopting process es that ensure competitive staff remuneration, and enhance employee retention. The management of Cadbury valued succession planning, so as to ensure competent replacement of management staffs. This ensured effective future management of the company (Sennette 2006). Kraft on the contrary does not take employment security, and employee motivation, seriously. During the takeover negotiations, Kraft illustrated the desire to declare redundant 200 jobs. In 2010, the company implemented the redundancy plans, immediately after the controversial bailout of Cadbury. The redundancy plans by Kraft shows that the management of the company does not favor employment security of the staffs. The concession