Market Efficiency

EMH or Efficient Market Hypothesis has been accepted as one of the foundations of financial economics, in fact, Fama first marked out the concept â€Å"efficient market† in financial literature in 1965. Fama stated it as one which safety values completely expose all accessible information. The market could be considered as efficient if the results of market values to new information are instant and impartial. EMH is the notion that information is rapidly and proficiently integrated into asset prices at any instance, in order to guarantee that old information could not be serve as an instrument which could predict price progresses. As a result, three types of Efficient Market Hypothesis are being classified depending on the degree of available information (Fama, 1998). The weak form Efficient Market Hypothesis specifies that existing asset prices already reveals past price and volume information, the information restrained in the previous succession of prices of a security is completely exposed in the present market price of the said security. Its name â€Å"weak form EMH† was derived from the fact that security prices are the most overtly and easily obtainable information. It entails that nobody would be able to outdistance the market by making use of something that everyone else’s know. However, there are still quantities of financial examiners who are examining the past stock price sequence and trading volume information in an effort to spawn revenues. This method is labeled as technical analysis that is declared by the EMH as ineffective in foretelling prospect price variations (Sewell 2007). The semi strong form Efficient Market Hypothesis on the other hand asserts that each and every openly accessible information are equally already integrated into asset prices, meaning to say, every openly accessible information is completely mirrored in a security’s existing market prices. The public data confirmed not only past prices. Rather they also show information conveyed in a company’s financial reports, company’s proclamations, and the like. In a way, this also entails that nobody would be able to outdistance the market by making use of something which everyone else knows, this also signifies that a company’s financial reports could not be used in foretelling future price progress and safeguarding high venture returns (Sewell 2007). The strong form Efficient Market Hypothesis specifies that private as well as insider data is immediately included by market prices and hence could not be utilized to gather irregular trading incomes. Therefore, all data or information is completely mirrored in a security’s existing market price which in turn entails that even the company’s administration would not be able to generate profits even by using the insider data they have. The justification for this is that the market expects in an impartial way, future advancement and thus, data has been integrated and appraised into market price in a more impartial and enlightening manner than insiders. The arbitrary walk style of asset prices is an enlargement of the Efficient Market Hypothesis, as well as the beliefs that the market could not be constantly beaten, arbitrage is not possible, and â€Å"free lunches† are in general, not available (Clarke et al. 2007). The EMH has entailed that nobody could surpass the market either with security selection or with market timing, therefore, it holds enormous negative consequences for several investment approaches. In general, the force of EMH could be scrutinized from two dissimilar angles. The first one would be from the investor’s perspective. Technical analysis makes use of price as well as the volume as the center point for foretelling future prices, the arbitrary-walk data implies that prices of securities are influenced by news; Positive news would help increase the price while negative news would be the cause of price deflation. Thus, it is only fitting to ask the value of technical analysis as a way of deciding security investments (Clarke et al. 2007). Fundamental analysis includes the use of market information in establishing the inherent value of securities in so as to classify those securities which are underrated. In spite of this, semi strong EMH implies that essential examination could not be utilized to surpass the market. In a proficient market, fairness research and assessment would be an expensive undertaking that offers no advantages. The likelihood of discovering an underrated supply should be arbitrary. Oftentimes, the advantages from data compilation and fairness studies would not include the expenses of doing the study (Jones 2002). For best investment approaches, investors are recommended to pursue an inert investment tactic, which does not make any endeavor to surpass the market. Investors ought not to choose securities arbitrarily based on their peril loathing or the tax arrangements. This, however, does not imply that there would be no assortment of management. In an efficient market, it is an excellent tactic to have a arbitrarily expanding across securities, which holds little or no records charge and minimum implementation expenses in so as to optimize the proceeds. An unyielding buy-and-hold procedure is not most advantageous for corresponding to the investor’s requested level of threat. Also, the portfolio manager ought to select a portfolio that is equipped in the direction of the time sphere and threats report of the investors (Jones 2002). Second is the financial managers’ perspective wherein managers ought to bear in mind that markets would either under or over react to information, the company’s share price would mirror the information regarding their declarations and the historical share price account could be employed as a determinant of company accomplishment and management would hold be hold accountable for it. When shares are under priced, managers should avert from handing out new shares since this would only aggravate the condition. In usual situations, market efficiency theory offers informative predictions into price performances. In general, one can conclude that investors should only anticipate a typical rate of proceeds while the company should be prepared to obtain the adequate value for the securities they handed out (Jones 2002). However, the idea that markets act constantly with the efficient market hypothesis is debatable, particularly in its stronger forms. For one, it is doubtful that man-made markets are strong-form efficient. Especially, when there are prima facie basis for ineptitude as well as the unhurried dissemination of information, the comparatively immense power of several market partakers, and the existence of seemingly advanced professional investors. I believe that one of the major defects EMH is the way markets respond to unexpected news. For an instance, news upshots like interest rate changes from ventral banks are not immediately taken credit of in stock prices. Instead root continued progress of prices over a certain period of time, say from a few hours to months and the like, one should also take into consideration that only a limited number of people have prior familiarity or awareness regarding laws about to be passed, new pricing controls fixed by certain organizations like Federal Reserve banks as well as legal verdicts that causes a broad array of economic parties. The public should consider these things as random variables; however, players within those inside information could rectify the market, but commonly in an inconspicuous way in order to escape exposure (Clarke et al. 2007). There is also another inconsistency which has been detected between the EMH theory and real markets. The said inconsistency is that at market extremes, what fundamentalists may regard as ridiculous behavior is in fact the standard behavior; in the latter parts of a bull market, the market is motivated by consumers who don not take much into account the core value. By the end of a crash, markets go into freefall while partakers disentangle themselves from the location in spite of the scarcely good value that their earlier positions symbolizes, this is denoted by the huge variations in the assessment of stocks in comparison to basics in bull markets in comparison to bear markets. A theorist may claim that reasonable partakers should always instantaneously take lead in the unnaturally low prices which resulted from the illogical partakers by acquiring contrasting places. However, this is noticeably not generally adequate to avoid bubbles and crashes from increasing. It might be supposed that countless sensible partakers are conscious of the illogicality of the market at extremes and are eager to permit illogical partakers to force the market as they like, and only benefit themselves with the prices when they have got more than just basic motives that the market would revert back near its earlier fair value (Sewell 2007). Behavioral finance stated that upon entering positions, market partakers are not mainly motivated by the price status; rather, they are mainly motivated by anticipating the rise or fall of the prices. To pay no heed of this could be perilous. Allan Greenspan cautioned participants of irrational exuberance in the market during the year of 1996. However, some merchants who sold short new economy stocks that appeared significantly overcharged during those times had to acknowledge grave losses when prices arrived at much more astonishing heights (Jones 2002). EMH was first presented in 1960. Before that, the existing belief regarding market is its exact opposite – markets are inefficient. Inadequacy was generally believed to exist. A good example of this was in US and UK’s stock markets. On the other hand, previous work of Kendall implies that the changes in United Kingdom’s stock market prices are arbitrary. Researches conducted by Brealey, Dryden and Cunningham showed that there are no considerable reliances in price changes which implies that United Kingdom’s stock market is a weak-form efficient, in addition to this proof, are other researches of capital market which suggested that they are semi strong-form efficient(Jones 2002). Examinations conducted by Firth in UK have contrasted the share prices presented after an invasion declaration with the bid offer, this showed that the share prices were completely and immediately modified to their exact levels; therefore the United Kingdom’s stock market was indeed semi strong-form efficient. Yet, the market’s capability to effectively react to a short term and broadly advertized event (i.e takeover proclamation) could not automatically be viewed as analytic of a market efficient at pricing concerning more long term and vague aspects (Clarke et al. 2007). Other pragmatic proof which defends Efficient Market Hypothesis came from researches which show that the revenue of market averages go beyond the revenue of vigorously ran mutual funds. Therefore, to the degree that markets are inefficient, the advantages achieved by capturing the ineptitudes are override by the inside fund costs occupied in locating them, promoting, and the like (Sewell 2007). It could be that proficient as well as other market partakers who have find out dependable trading regulations or devices could find no basis to disclose them to academic researchers or it could be that there are no information breach among the intellectuals who examine the markets and the professionals who works in the market. There are bystanders who identify apparently ineffective facets of the markets that could be take advantage of. Example of this is seasonal tendencies and deviating twists to assets with different traits. Efficient Market Hypothesis cynic’s maintains that there are investors who have outdistanced the market. Among them is Peter Lynch, Bill Miller, and so on. These investors’ tactics are to a high level founded on recognizing markets where prices do not precisely mirror the accessible information, in straight negation to the EMH which clearly entails that â€Å"no† such opportunity could ever exist (Clarke et al. 2007). It is imperative to take notice of the fact that the EMH does not account for the observed fact that the most profitable stock market partakers have equal share of stock picking guidelines, which would, in turn, denote an extensive conclusive correspondence among stock picking policy as well as investment accomplishments. The EMH also seems to be lacking in consistency with several occasions in stock market history. For an instance, the stock market crash which occurred in 1987 saw the S&P 500 drop more than 20% in October in spite of the fact that there is no major news or events that took place before Monday of the crash, the fall apparently came from nowhere, this would likely imply that relatively irrational behavior could seize stock markets arbitrarily. Furthermore, Bruton Malkiel, a renowned advocate of the universal legitimacy of Efficient Market Hypothesis has counseled that particular budding markets such as China are not empirically efficient, he further stated that the Shanghai as well as the Shenzhen markets, in contrast to the markets in US, show signs of substantial sequential relationship, non-random walk, as well as proof of exploitation (Clarke et al. 2007). Thus, in contrast to what Efficient Market Hypothesis implies, there are certain instances which go contrary to its claim. It is unlikely for market to be consistently efficient as was shown in this paper. Provided that the theory of EMH is true at some point in time, one could not just conclude that it would be true for all instances and for all period of times. Works Cited Clarke, Jonathan, Thomas Jandik, and Gershon Mandelker. â€Å"The Efficient Market Hypothesis.† (2007). Fama, Eugene. â€Å"Market Efficiency, Long-Term Returns, and Behavioral Finance.† Journal of FinancialEconomics. (1998). Jones, Steven L., and Jeffry M. Netter. â€Å"Efficient Capital Markets.† (2002). Sewell, Martin. â€Å"Efficient Market Hypothesis.† (2007).            

Ww1 Causes of

Who or what was to blame for World War One: Did two bullets lead to twenty million deaths When one talks about the World Wars Germany often springs to mind and is was supposedly the root cause for the First World War and even The Second World War, but was it the sole force of Germany alone or was some larger being behind this whole â€Å"setup† in which at least 20 million deaths. Let me set the scene for you and let us embark on a journey that will reach into the realm of horrific torture, an accidental assassination and the source o number of deaths equal to almost a third of the population living in the UK currently. But before I show you these plans of evil. A new country is formed in 1871; it is a day to remember, as this country will be the fundamental reason for over 10 million deaths for the years to come. Germany is formed; Britain has built up an empire stretching from America to the edge of India. Germany, being born quite late is immensely jealous of Britain and builds up an army of 2 million foot soldiers. Now it aspires to have the greatest war-fleet in the whole of Europe. But it still will be no match for the British navy. So Germany forms an alliance. Whilst the forming of alliances is materializing Germany and Britain are having a massive arms race triggered by the German’s building naval giants in factories around the whole country, many of these battleships include Dreadnoughts. Britain senses this as an immediate threat to her lands and starts building even more naval vessels. By 1914 Britain had 29 Dreadnoughts and Germany had 14. Meanwhile France has been fighting with Prussia (German state) and lost Alsace-Lorraine, a wealthy town with a varied range of abundant resources, and wants revenge. France is also in league with Britain and later is thinking about using the sheer size of the British Navy to it’s own advantage. Austria-Hungary snatched lands in Bosnia and Herzegovina in 1908 as a part of expanding their empire and becoming great again. However in Russia the Tsar of Russia is becoming less and less popular with most of the population and was facing food cuts and terrible poverty. This forced Russia to think about taking lands in The Mediterranean and near the Black Sea, which was basically a large chunk out of the Ottoman Empire. When in 1908 Austria-Hungary took control over Bosnia Herzegovina, which was a huge mistake. The population in Bosnia-Herzegovina were composed of Slavs and they wanted to be reunited with Serbia (another Slavic country) to get revenge on Austria-Hungary. This situation is exacerbated by Russia having, not only, a huge army; but also having a large influence in the Slavic countries. This connection with an unknown enemy would influence the war effort greatly and raise morale. In 1908, Austria-Hungary took over the former Turkish province of Bosnia. This angered Serbians who felt the province should be theirs. Serbia threatened Austria-Hungary with war, Russia, allied to Serbia, mobilised its forces. Germany, allied to Austria-Hungary mobilised its forces and prepared to threaten Russia. War was avoided when Russia backed down. There was, however, war in the Balkans between 1911 and 1912 when the Balkan states drove Turkey out of the area. The states then fought each other over which area should belong to which state. Austria-Hungary then intervened and forced Serbia to give up some of its acquisitions. Tension between Serbia and Austria-Hungary was high. The only method of beating a country in a war that is bigger and greater than you was to make an alliance with another country. This meant you could lead a joint attack with the combined number of legions of both countries. The two countries are united against the one. Such was the power of an alliance. The alliances formed in the World War One were the Triple Alliance (also known as The Central Powers) and the Triple Entente (Britain, France and Russia). The idea was that the two sides would cancel each other out and Europe would be at peace. These alliances created more tension between the major powers. Germany, Austria-Hungary and Italy felt threatened and surrounded by the Triple Entente. Russia was worried about Austria’s intentions towards the Balkans. A massive arms race began between Germany and Britain, with each country competing to have the biggest army and navy in Europe. In addition to this there were two crisis’ over Morocco, at the Algeciras Conference in 1906 Germany was outnumbered and had to withdraw, because of: British, Italian, Russian and Spanish support for France taking control of Morocco’s police and banks. The still fuming Germany sent a Dreadnought called â€Å"The Panther† to try and force France in stopping their invasion. Britain disagreed and sent a whole squad of warships. In this situation Germany was forced to back-down to the sheer force of the British navy. The German’s hatred for the British grew and grew. This evidence proves that the alliances formed were not for peace and prosperity, but War and destruction. Britain and Germany were forced to build ships on the account of invasion or protection. But mainly security. This didn’t do Germany any good when Italy switched sides and became part of the Entente. Militarism means that the army and military forces are given a high profile by the government. The growing European divide had led to an arms race between the main countries. The armies of both France and Germany had more than doubled between 1870 and 1914 and there was fierce competition between Britain and Germany for mastery of the seas. The British had introduced the ‘Dreadnought', an effective battleship, in 1906. The Germans soon followed suit introducing their own battleships. The German, Von Schlieffen also drew up a plan of action that involved attacking France through Belgium if Russia made an attack on Germany. The map below shows how the plan was to work. Germany would attack Belgium and defeat them within six weeks; this would gain them an access in France. Germany would then attack France from the Franco-German border and then send over 100,000 troops to outflank them, therefore occupying France. After this complicated manoeuvre was completed Germany would be free to attack Russia on its own. As you can see in this plan, Britain plays no part in this war. That was the main reason everything went wrong Russia mobilized its armies within six days and led an assault on Germany. Belgium put up fierce resistance and everything was in shambles. But after all this tension was rising when did the war break out? Or more importantly how did war break out. If we look at the dates and figures (seen below) we will easily see that in over eight days a mass war breaks out between Europe and nearly every other continent. For a country to go to war it would have to consider many things, for example: the cost of war, the casualties and suspected death rates. Communications weren’t easy. There were no long distance calls and no e-mails. Not enough technology to start a ar in no less than ten days. No, it must have been planned. A breakthrough for all the tension arrived, the pin in the balloon breezed in. A murder. Of royalty. June 28 The Assassination in Sarajevo: of Archduke Franz Ferdinand, heir presumptive to the Austro-Hungarian throne, who is killed along with his wife, Archduchess Sophie. Details July 23 Austria-Hungary sends an ultimatum to Serbia. Serbian r esponse is seen as unsatisfactory. Details July 28 Austria-Hungary declares war on Serbia. Russia mobilizes. The Great War begins. July 31 Germany enjoins Russia to stop mobilizing. Russia says mobilization is against Austria-Hungary only. August 1 Germany declares war on Russia and mobilizes. Italy declares its neutrality. Germany and the Ottoman Empire sign a secret alliance treaty. August 2 Germany invades Luxembourg. Details August 3 Belgium refuses German ultimatum. Germany declares war on France. German troops enter Russia. August 4 Germany invades Belgium to outflank the French army. Britain protests the violation of Belgian neutrality, guaranteed by a treaty; German Chancellor replies that the treaty is just a chiffon de papier (a scrap of paper). The United Kingdom declares war on Germany. August 5 Montenegro declares war on Austria-Hungary. The Ottoman Empire closes the Dardanelles. August 5–August 16 The Germans besiege and then capture the fortresses of Liege, Belgium. Details August 6 Austria-Hungary declares war on Russia. Serbia declares war on Germany. Colonel Dragutin Dimitrijevic a respected leader of the Austro-Hungarian Military Intelligence masterminded a plan to get rid of the Archduke (heir to the Austrian throne) Franz Ferdinand. The colonel (CODENAME: Apis) wanted a militaristic Austria, so he formed a terrorist group of low-lying peasants and trained them to be assassins. The assassination of Archduke Franz Ferdinand, heir to the Austro-Hungarian throne, on 28 June 1914, set in train a series of diplomatic events that led inexorably to the outbreak of war in Europe at the end of July 1914. Ferdinand – and his wife Sophie – were killed by Serb nationalist Gavrilo Princip while on a formal visit to Sarajevo. Princip shot Ferdinand at point blank range while the latter was travelling in his car from a town hall reception; having earlier that day already survived one assassination attempt. The leaders of the world leapt for a chance to vie which each other, to gain power, land and money. World War One, unlike World War Two had a variety of reasons for bloodshed and massacre. Mainly the rising of tension and the exclusion of Germany in treaties and the colonization of Morocco and the Algeciras conference. Ultimately all the tension funnelled out into a World War.

Children and Young People Development Essay

Section 1: – The pattern of development from birth to nineteen 1.1 Explain the sequence and rate of each aspect of development from birth to 19yrs 1.2 Explain the difference between sequence of development and rate of development and why the difference is important Section 2 – The factors that influence development 2.1 Explain how children and young people’s development is influenced by a range of personal factors 2.2 Explain how children and young people’s development is influenced by a range of external factors 2.3 Explain how theories of development and frameworks to support development influence current practice Section 1 complete: Verified: Section 2 complete: Verified: Section 3 – How to monitor development and make appropriate interventions 3.1 Explain how to monitor children and young people’s development using different methods 3.2 Explain the reasons why children and young people’s development may not follow the expected pattern 3.3 Explain how disability may affect development 3.4 Explain how different types of intervention can promote positive outcome for children and young people where development is not following the expected pattern Section 4 – Early intervention for children’s speech, language and communication and development 4.1 Analyse the importance of  early identification of speech, language and communication delays the disorders and the potential risk of late recognition 4.2 Explain how mutli-agency teams work together to support speech, language and communication 4.3 Explain how play and activities are used to support the development of speech, language and communication Section 3 complete: Verified: Section 4 complete: Verified: Section 5 – Transitions and the effect on child development 5.1 Explain how the different types of transition can affect children and young people’s development 5.2 Evaluate the effect on children and young people of having positive relationships during periods of transition Section 5 complete: Scenario You and a colleague have agreed to run a series of training workshops at a local college for students interested in working in child care. You have been invited in to show your knowledge of Child and Young Person Development in a school setting. Your colleague is going to write the training presentations but you need to create a series of handouts which summarise the key points. The headings of the workshops are: the pattern of development from birth to nineteen the factors that influence development how to monitor development and make appropriate interventions early intervention for children’s speech, language and communication development transitions and the effect on a child’s development Your handouts could be in any form and could include written information, diagrams, tables and illustrations. Use the structure below to produce the 5 handouts that your colleague has asked you to create. You must cover each of the assessment criteria. Handout Number One: the pattern of development from birth to nineteen Assessment Criteria: ï â€™ Please tick the box when you believe you have covered this in the content. ï  1.1 Explain the sequence and rate of each aspect of development from birth to 19 yrs ï  1.2 Explain the difference between sequence of development and rate of development and why the difference is important 1.1 Explain the sequence and rate of each aspect of development from birth to 19 yrs Age Range Emotional Physical Cogitative (Intellectual) Language 0 – 9 months Emotional attachment to parents. Feelings (happy; sad; afraid.). A need for a sense of wellbeing and predictability of daily tasks. Starts to develop a sense of discernment for food and toys etc. Sleeps for most of the day. Shows excitement through waving arms and kicking legs. From 6 months on begins to rollover; sit independently; starts to crawl and pull up to standing position. Reaches out for objects and begins to grip them. Neck muscles strengthen enabling baby to hold head up. Begins teething. Slight responses using senses (sight; sound; smell; touch; taste). Mouthing objects Identify familiar people by their voices and facial features. Egocentric. Begins to compile visual images and to appreciate ‘reveal’ games i.e. peek-a-boo. Responsive to sound and familiar voices and turns head toward sounds. Responsive to facial expressions i.e. smiles. Begins to ‘babble’ and ‘gurgle’. Begins to say ‘dada’ and ‘mama’. Aware of familiar family names. 9 – 18 months Emotions develop i.e. Happiness; Anger; Fear. Distressed when others are upset. Looks for security and assurance from known adults, needs to be loved and cuddled. Draws away from strangers. Walking; shuffling; toddling. Begins to build blocks, can throw; hold a book. Pincer grip develops enabling child to hold pencils etc. Develops sleeping routine. Begins to imitate behaviours in others. Learns through the senses. Likes to hear objects named and understands familiar language i.e. eat; drink; dressed; bed. Begins to develop vocabulary (3 – 20 words). Uses gesture to communicate and reinforce language i.e. waving and saying ‘bye bye’ Connects sounds into ‘sentence structures’. 18 months – 3 years Learns to trust and become more confident. Has temper tantrums. Develops a sense of ‘self’ ant the need to do something for ‘self’. Understands and uses ‘No’. Shows lots of emotions. Lacks awareness of emotions in others. Begin to feed themselves. Draws, starts to stack blocks as fine motor skills develop. Can walk, run, climb stairs with caution. Enjoys action songs and begins to participate. Begin to use potty / toilet. Help to dress themselves. Recognise and name objects. Increased attention span, although still quite short. Continue to learn through the senses. Ability to match shapes and colours. Develop vocabulary at a rate of 3 words a month. Use three to four word sentences. Begins to sing simple songs and nursery rhythms. Can repeat simple messages. 3 – 5 years Unaware of others feelings. Sensitive to feelings of other people towards self. Growing confidence. Wants to please, seeks approval. Expresses emotions to others e.g. jealousy; anger; happiness. Ability to draw, use scissors, play catch. Can ride a tricycle, jump, run with confidence. Toilet trained. Enjoys sensory play i.e. sandpit; water, play doh, finger painting. Improved dressing skills. Rapid muscle growth. Uses imagination a lot, enjoys role play and dramatic play. Begins to see ‘cause and effect’ relationships. Is curious and inquisitive. Asks numerous questions. Can develop imaginary friends. Aware of right from wrong. Vocabulary increased up to 1500 words. Can have extended conversations. Can describe an event or what happened that da. Can carry out simple instructions. 5 – 12 years May start to show fear of dark, dogs, falling etc. Finds it difficult to accept criticism. Doesn’t like losing. Can display aggressive behaviour / tantrums. Can vocalise their needs and feelings. Can dress and undress. Care for own toilet needs. Confident running, jumping etc. Fine motor skills improved. Can draw, write, colour in more accurately. Learns to read and write. Can recognise and name more complicated shapes and colours. Can follow more detailed instructions. Starting to form opinions. Very curious. Vocabulary up to 4000 words. Sentence structure improves and question asking become complex, why; how; when. Ability to remember events and describe with greater details. 7 – 12 years .Girls are beginning to develop faster than boys. Increasing awareness of self and others and the environment. Usually affectionate, helpful, cheerful, outgoing. Can be rude, bossy, demanding. Independence growing, dependable and trustworthy. Has improved body control. Becomes more competitive. Fine motor skills improve. Handwriting becomes neater and smaller. Baby teeth fall replaced by adult teeth. Hand eye co-ordination improves. Increased ability academically i.e. literacy; mathematics; reading; IT. Can form and articulate compound opinions. Creative and likes to experiment. Develops interests, seeks facts, capable of prolonged interest. Can do more abstract thinking and reasoning. Challenges adult knowledge. Vocabulary increases to 10,000 words. Sentence structure takes on greater complexity. Ability to use grammar correctly including appropriate use of a wider range of language and punctuality. Appreciation of humour develops. 12 – 16 years Puberty begins, affecting emotional development. Greater sense of independence. Better understanding of other people beliefs and opinions. Will debate and argue their own view point with clarity and an ability to justify their reasoning. Can become sulky and withdrawn. Develops a greater interest in appearance and what others think of them. Physical changes brought on by puberty. Rapid growth and muscle development. Become more efficient at running, swimming etc. Ability to be a team player. Possible acne or similar skin problems. Healthy appetite to discuss and debate opinions and causes. Increased ability for more difficult maths, literacy, reading, researching. Can vocalise own ideas and beliefs. Increasingly able to memorise, to think logically about concepts, to engage I introspection and probing into own thinking. To plan realistically for the future. Vocabulary increases to 20,000 words. Ability to manipulate language and use in appropriate settings. Can clearly and concisely articulate view points and question others points of view. Extended reading list. Appreciation of humour. 16 – 19 years Worries about failure. May appear moody, angry, lonely, impulsive, self-centred, confused and stubborn. Has conflicting feelings about dependence/independence. Has essentially completed physical maturation, physical features are shaped and defined. Probability of acting on sexual desires increases. Can understand and resolve extremely complex theories in maths, science, IT  etc. Reading and writing matures. Ability to debate and discuss at higher level with peer groups. A greater ability to use language and understand use appropriately. Ability to use grammar correctly and adapt as necessary. More sophisticated use of humour and word play. 1.2 Explain the difference between the sequence of development and rate of development and why the difference is important. The sequence of development is the order in which development takes places and all physical development happens in the same order for most people e.g. a baby must be able to hold its head without support before it can sit with just its lower back supported and then stand. A child’s development is generally broken down in to four of five specific categories i.e. physical; communication; intellectual/cognitive; social/emotional/behavioural and moral. Using these specific categories one can monitor the phases and stages of development within a ‘normal’ age range. The rate of development is the time period development happens at, there are guidelines available created from information gathered from observation indicating at what age various stages of development should occur, however, these are guidelines and one should remember all children are individuals and develop differently. The difference is important is because all guidelines are written in a way to support the development of a neurotypical child, therefore, if a child does not develop in line with the guidance it could indicate that there may be a problem. The guidelines provided for childhood development are a very useful tool used by both professionals and carer’s to monitor what a child can and cannot do at various stages in their development. By monitoring a child’s developmental progress, early indicators could be identified alerting the professional that there is a problem. It will also support professionals to plan efficiently and refer appropriately to ensure that a child gets the attention required to address the areas in which they are struggling. All areas of development are linked together, for example, speech can be affected if the child has difficulty hearing. The rate a child develops at can also be affected by their environment. One would expect a child who has extensive social interaction with people opportunities to play would develop faster than a child who has a more isolated life style and more limited opportunities to mix with groups of people and play. Handout Number Two: the factors that influence development Assessment Criteria:   Please tick the box when you believe you have covered this in the content. 2.1 Explain how children and young people’s development is influenced by a range of personal factors 2.2 Explain how children and young people’s development is influenced by a range of external factors 2.3 Explain how theories of development and frameworks to support development influence current practice 2.1 Explain how children and young people’s development is influenced by a range of personal factors Children and young people’s development is influenced by a range of personal factors and how they can impact on the child’s rate of development and sense of well-bein rg. If a child has Special Educational Needs their development can be severely delayed in comparison to their peer group. Children who have conditions such as autism or global development delay social skills will not develop as expected, they may not have the skills required to interact with their peer group or learn through play. Children who fall in to this group may also lack the ability to copy or communicate through gesture and language and can often be described to be ‘in their own little world’. If a child has a physical disability their rate of development could be adversely effected. Children with mobility issues may not be able to walk or run. Their social interaction and opportunities may be limited and they may not mix as much as an able bodied child with their peer group. Appointments  with consultants and hospital could mean that they miss school. Their disability may mean they are not invited to birthday parties and social functions as an assumption could be made that if they can’t join in, they won’t enjoy it. If a child comes from an abusive home they could have emotional disabilities preventing them from trusting other people, especially adults. Doubting their own self-worth and their confidence in their own ability. It is very difficult for a child who has been mentally or physically abused to understand a safe and secure environment as it is alien to what they have come to accept as their ‘norm’. They can feel they are not as good as other children and believe that they cannot achieve what their peer group is achieving. Feeling like this about oneself can be crippling and can prevent a child achieving their full potential and it takes a lot of input from appropriate professional to help the child to recover. 2.2 Explain how children and young people’s development is influenced by a range of external factors. Children and young people’s development is influenced by a wide range of external factors. These can include anything from situation in the home, school or local community. If a family moves house when a child is young this can adversely affect their development. A child of school age could be plucked from the security of a community and school where they feel safe and have a group of friends and find themselves in a new school, living in an unfamiliar community and what could feel like a scary and alien environment. It can be daunting to the point of socially crippling for some young children to join an established class, to be the ‘new’ child and to learn how to fit in with their new peer group and understand the rules of how the peer group function. As a consequence struggling to fit in could impact on the child’s academic achievement, self-confidence and social development. A child’s development can be affected if a new baby arrives. When the family dynamic changes all members of the family will subconsciously review their  place in the family structure. Whether they go from being an old child to eldest child; baby of the family to middle child or only boy / girl to eldest boy / girl etc. It can be difficult to find your niche and the introduction of the new member of the family can result in feelings of jealousy, no longer being needed, feeling you have been replaced or feeling less special. All of these feelings can cause the child to stop talking, regression, bed wetting or spiteful behaviour toward the baby. When a family are expecting a baby they should take time to discuss the new arrival, think about how it will effect ‘me’ and encourage the children, reassuring them that they are very much loved and that the new baby will really need it’s big brothers / sisters and that all the children in the family are special. It is possible to manage and plan to minimise the effect of some external factors that could influence the development of children and young people such as moving house and having a new baby. Unfortunately, sometimes things happen which we haven’t had time to prepare for. If a family member, close friend of the family, class mate or even a pet dies a child can find it very difficult to understand. The concept of death is challenging for most adults to comprehend so trying to explain to a child that someone they love has left and they won’t be seeing them anymore can devastate a child. They will struggle to manage these new emotions and there is a risk they blame themselves. As with other external factors which influence their development the child could regress, become introvert, find it hard to trust relationships with people who might just leave them. It can affect their school work and may take them some time to accept the death and move forward. They will need a hug e am out of emotional support. 2.3 Explain how theories of development and framework to support development influence current practice. Over the years there have been many theorists who have studied child development and considered what might effect and influence their stages and rate of development. The theorists were all driven by individual ideals and beliefs. Many of their theories influence common practice in early year’s environments and schools today. Piaget’s (1896-1980) theory looks at stages of cognitive development. According to Piaget children progress through four stages of cognitive development which indicate how they see the world. Piaget believed that children actively try to explore the world around them and try to make sense of it. Through his observations Piaget’s developed a theory of intellectual development that included four stages. The sensorimotor stage from birth to 2; the preoperational stage from 2 to 7; the concrete operational stage from 7 to 11 and the formal operational stage which begins in adolescence and continues in to adulthood. Piaget thought that all children develop at their own speed but got there in the end. By considering each child individually and thinking about how one would create the best learning experience for them we are providing them with a quality learning experience. In the classroom we must consider that all children are not at the same stage of cognitive development. There needs to be a variety of suitable learning experiences for children at various levels of cognitive development. This supports outcome-based education (OBE) principals which state that individual learners needs must be catered for through multiple teaching and learning strategies and assessment tools and that learners must be allowed to demonstrate their learning achievements and competence in whatever manner and most appropriate to their abilities. Marlow (1908-1970) was a humanist. His theory suggest that our actions are motivated in order to achieve our needs. His theory ‘A theory of Human Motivation’ is often displayed as a pyramid detailing a hierarchy of need. The lowest levels of the pyramid are made up of our most basic needs i.e. physical requirements including the need for water, food sleep and warmth. Once these are met people move up to the next level, a need for security and safety. People move up the pyramid towards the top requiring the need for friendship, love and a need for personal esteem and feelings of friendship. Maslows theory can be seen in the classroom by the introduction of water  bottles, regular healthy snacks, breakfast clubs and lunch at appropriate time in the school day schedule. Once the child’s basic needs have been met it is presumed that the child is best placed to learn. There is a huge emphasis on safe guarding in schools, everyone working in the school environment is trained to look out for possible signs of neglect, and this too supports Marlow to ensure the child’s needs are met. Skinner (1904-1990) believed the best way to understand behaviour is to look at the cause of an action and its consequences. He called his approach ‘operant conditioning’. This means the changing of behaviour by the use of a reinforcement which is given after the desired response. Skinner identified three types of response i) neutral response – responses from the environment that neither increase nor decrease the probability of a behaviour being repeated. Ii) Reinforcer’s – responses from the environment that increases the probability of a behaviour being repeated. Reinforcer’s can be either positive or negative. iii) Punishers – response from the environment that decrease the likelihood of behaviour being repeated. Punishment weakens behaviour. Skinner’s theory can be implemented in the classroom by introducing a reward system. In younger classes ‘smiley/sad’ reward charts are displayed and smiley faces are given for good behaviour and sad faces for less favourable behaviour. As children grow older merit marks are given in recognition of good behaviour and detention for unwanted behaviour. Handout Number Three: how to monitor development and make appropriate interventions Assessment Criteria:   Please tick the box when you believe you have covered this in the content. 3.1 Explain how to monitor children and young people’s development using different methods 3.2 Explain the reasons why children and young people’s development may not follow the expected pattern 3.3 Explain how disability may affect development 3.4 Explain how different types of interventions can promote positive outcomes for children and young people where development is not following the expected pattern 3.1 Explain how to monitor children and young  people’s development using different methods. There are various methods of monitoring children’s and young people’s development. There are both summative (the assessment of the learning and summarizes the development of learners at a particular time) and formative (a wide variety of methods that teachers use to conduct in-process evaluations of student comprehension) methods such as formal testing i.e. SATs, which record a child’s academic achievement or observations, target checklists, tick box checklists. Early Years Foundation Stage (EYFS) sets the standards for development, learning and care of children from birth to 5 years. There 2 main assessments of children carried out i) EYFS check children at 2 yrs providing a short summary of a child’s development between 24 and 36 months. ii) the EYFS profile provides a summary and details the child’s attainment at the age of 5. In Primary and Secondary Education the National Curriculum is followed. The National Curriculum covers learning for all children aged 5 -16 in state schools. Children with Special Educational Needs (SEN) work to ‘P’ scales, this is the statutory method used for reporting attainment. Key Stages were intruded in 1988. Targets defined in the National Curriculum are assessed at the end of each key stage. Key Stage 1 covers years 1 and 2, Key Stage 2 covers years 3 to 6. At the end of the Key Stage the children are tested by using SATs (Standard Assessment Tests). These are tests that are set for pupils in Key Stage 1 in year 2, in Key Stage 2 in year 6 and in Key Stage 3 during years 7-9. They are designed to measure pupil’s progress in the core national curriculum subjects compared to other children of the same age. They are a method of assessing pupils, monitoring progress and help plan future teaching. The children are tested in an exam like environment and provide a comprehensive indication of the child’s academic attainment. SATs provide a method of understanding academic achievement, however, many other methods are used to monitor children’s development including observation. It’s essential to maintain paper records, recording what you see and feeding back to the parents. Teaching Assistants support the teachers with observations and will monitor areas of development such as  speech, language, social interaction, physical and age appropriate behaviour, feeding back to the teacher with any area of concern. 3.2 Explain the reasons why children and young people’s development may not follow the expected pattern. 3.3 Explain how disability may affect development.  There are lots of reasons that children and young people’s development may not follow the expected pattern. It’s important to mindful that all children are different and will develop at different rates. However, it is also very important to observe children and be aware of significant differences in their development to that of their peer group. Emotional issues can impact on child development. Children who have experienced the death of a parent; sibling; close family member can become socially isolated. Not understanding the emotions they are experiencing, managing their own loss and grief and watching the grief and loss of their loved ones can cause them to regress. Some children have been known to stop talking when they experienced the loss of someone who was integral to their safe and secure world. They can experience anxiety and feel that others may suddenly die/disappear from their life. Children who are in care could have difficulty with their social development. If they do not have the opportunity to form a loving, trusting relationship with their parents then they could have difficulty forming trusting relationships with other people. Their own self value and self-worth could also be effected, feeling if their parents don’t want them then why anyone else would. Children do not have the capacity to completely understand all of the details of why they are in care but will feel the pain of rejection and in order to protect themselves could build up barriers, preventing them from interacting fully with their peers, teachers and care providers. Children who suffer with ongoing health issues development may not follow the expected pattern. If they have an issue which could result in lots of hospital appointments or days absent from school due to ill health not only can th eir academic achievement be adversely effected so can their emotional and social development. If their health issue is also a physical disability it could prevent them from participating in sports and physically able events. They could find that they are not included in activities or invited to parties as they are unable to take part. This in turn could  affect social skills and self-confidence. Children from different cultural backgrounds may develop at different rates and stages purely because the expectation of their culture is different. Some cultures view boys and girls differently and their expectations are according to gender could vary, there focus on areas of development and personal achievements to strive toward may differ to those that are in the UK’s expected pattern. The most significant factor that will affect development and prevent it from following the expected pattern is disability. Disability covers a multitude of issues including physical disability, sensory impairment (sight, hearing) or a developmental disorder such as autism. If a child’s fine motor skills and gross motor skills are not developing they will have problems controlling a pencil, developing independence skills feeding themselves (holding a spoon), walking, running, jumping. Children who are different will struggle in their peer group whether it be because they physically can’t keep up or if they socially can’t keep up. Communication problems can create a barrier to forming friendships and social integration. Children with severe developmental disabilities such as autism will develop very differently to the expected pattern. The world could seem alien to them, language a mystery, everything could cause confusion. Children with sensory processing disorder can struggle to cope in their environment and find it very hard to tolerate various experiences. A lot depends on the severity of the disability and the support and facilities available to the child. A child born with Down Syndrome will have a care plan in place from birth , their development pattern already differentiating from their peer group, expectations adjusted to take account of the delays one would expect to see in a Downs baby. Children with medical conditions such as cerebral palsy, again diagnosed from birth, could have associated learning difficulties which will effect both physical and mental development, so their expected development plan will be adjusted to include in their areas of disability. Children born with autism may not receive a diagnosis until they reach school age. Although they may have always been slightly different to their peer group, left undetected and diagnosed the expectation would still be to follow the normal pattern. However, once diagnosed adjustments would be made taking in to account the triad of impairments and how the child autism impacts on their development. Their social skills may not develop as  expected, they may not see the need to have friends or want to have friends. They may not understand role play, have appropriate communication skills. They may have sensory issues. These children are unique and they will develop at their own pace and in their own time. 3.4 Explain how different types of intervention can promote positive outcome for children and young people where development is not following the expected pattern. There are many types of interventions promoting positive outcomes for children and young people where development is not following the expected patterns. Social Workers work closely with the family and care providers to support a child who has been identified with having developmental problems or a disability. Social workers are a key link to other professionals who will work with the child. Their role is to form a professional relationship with the family and become someone the family can trust and turn to if they need to access other services. A social worker will assess the family’s needs and identify what is required to support the family and the child and channel this through to access the resources required to meet the needs. They will intervene if there are problems at school and remain a constant between the parents and child if a child is placed in temporary care, providing the child with a familiar trusted adult. Educational psychologist’s asses’ children in school, working with the class teacher to identify how a child learns. They look at the individual learners who have been identified as gifted and talented or with learning difficulties and provided a detailed report discussing what external and internal factors may impact on the child’s ability to learn. The educational psychologist will report on areas including physical development; communication; cognitive; educational attainment; approaches and attitude to learning; social emotional behaviour; independence/self hep skills; child’s views; parents views and factors impacting on progress. The report will detail recommendations to the school and if the child has a Statement of  Special Needs to the Local Authority. The recommendations will include the type of provision a child needs to learn, the type of environment and the type of strategies that will support the child to achieve their full potential. Speech and Language Therapists (SaLT) provide expertise in language, communication and swallowing disorders. They will assess the child in clinic and work closely with allied professionals to provide support. During the assessment they will provide a differential diagnosis, interventions and management for children with difficulties. They work closely with the child’s family; paediatricians; SENCO’s; teachers etc. to provide strategies and techniques to reduce the impact these difficulties have on the child’s learning. SaLT’s work with children who have difficulties including articulation delay; phonological delay; phonological disorder; developmental language delay; developmental language disorder; specific language impairment, dysphagia; dysfluency; social communication disorder; voice disorder; cleft lip/palate and oral dyspraxia. A SaLT uses their discretion to identify if a child’s SaLT difficulty is an educational requirement or not and where is should be situated on the child’s Statement of Special Needs. Occupational Therapist’s (OT) asses and treat physical and psychiatric conditions using specific activities to prevent disability and promote independence in daily life. They work with a wide range of people including children and young people to support them to overcome their disability. OT will work with children who have been given a diagnosis and will implement strategies which will support the child become part of the child’s daily tasks. They deliver support to children with diagnosis’ including physical disability and Cerebral Palsy; Developmental Co-ordination Disorder (DCD)/Dyspraxia; Autism Spectrum Disorder (ASD); Attention Deficit Hyperactivity Disorder (ADHD); Sensory Processing Disorders; Significant Development Delay and Chronic Fatigue Syndrome (CFS). These are only a few of the many professionals working with children and  young people to provide strategies and on-going support to ensure that the child’s need are met and that they are placed in the best possible education environment. Working together to provide a multi-agency approach will ensure a positive outcome for the child and their family enhancing and enabling the child to achieve their full potential.

Marketing plan Article Example | Topics and Well Written Essays - 750 words

Marketing plan - Article Example the market share of the carbonated drinks has been declining in the segment, from 29.8 percent in 2002 to 21 percent in 2007 and also 13 percent in 2014. This is because consumers are getting increasingly health conscious and this has restricted, to some degree, the growth of the carbonated soft drinks. In China, the soft drink production industry is highly concentrated. Pepsi-Cola and Coca-Cola alone dictate the market with an approximated joint share of 75.0 percent in 2014. Big businesses with Chinese local brands, like Jianlibao and Future Cola, account for a joint 6.3 percent market share. By 2002, this industry slowly come in a growth phase, and competition among businesses has since intensified. Majority of small enterprises have departed the industry, amalgamated with other firms, or transformed business direction, occasioning higher industry concentration. However, the leading role of Pepsi-Cola and Coca-Cola have been protected in the previous decade. The market shares of these key players within the industry are comparatively stable. Soft drinks, in China, refer to synthetic or natural beverages with not more than 0.5% alcohol content that may occur due to fermentation of the ingredient sugars and the making of flavoring extracts like vanilla extract. Ferrell & Hartline (2011) noted that soft drinks` demand kept growing as the Chinese citizens consumption level amplified in the past 30 years. Aggregate volume and total present value of soft drinks` sales growth in China rebounded in 2013 as opposed to that of 2012. A key reason for this was the 2013`s summer weather that gave this industry a good boost in sales. A lot of sunshine implies that more people buy drinks to enjoy outdoor and majority of impulse buying are seen in such hot climate. Besides this, fresh product development in numerous kinds of soft drinks are expected to drive consumption in 2016. Coca cola will continue to upsurge its penetration into the Chinese with distribution in both the

The International Strategies of Petrobas Essay Example | Topics and Well Written Essays - 2750 words

The International Strategies of Petrobas - Essay Example The company that is the subject of this research is Petrobras, a Brazilian National Oil Company incorporated in 1953 with its headquarters located in Rio Brazil. Petrobras is the largest oil company by market capitalization in the entire South America region and is the largest in Latin America by revenue. The company’s production capacity stands at over 2 million barrels of oil per day. Apart from being among the leading oil producers in the South American region, it is also a major distributor of oil and gas products (Goldstein 2010, p.102). Petrobras shares are listed on both the New York and Brazil Stock Exchange. For instance, the company issued shares worth $4.3 billion through an IPO on 9 August 2000 in both stock exchanges. During the IPO issue, it is reported that over 400,000 Brazilians, institutions, and foreigners bought the shares. However, the Brazilian government owns about 33.2% of the company’s shares, with a voting stake of about 55.7%. Goldstein notes that Petrobras gas and oil production has experienced immense growth in the last few decades both locally and internationally. The growth of the company has been attributed to the efforts made by the company to face the challenges of heavy oil and gas production, deep-water environment and high-temperature reservoirs. Goldstein reveals that the company’s success in the region emanated from the fact that it has introduced the use of the latest technology in its exploration and production of oil and gas giving it the competitive advantage over other oil companies from the region and other parts of the world. For instance, the company has expertise in engineering and geosciences, in deepwater exploration. In its endeavor to serve the people of Brazil and the international market, the company has been able to set a number of records such as the world’s deepest exploration well of about 2,853 m it dug in Roncador field. This record has stood so for a very long time now.

World Population Growth and the Policy of Nations Research Paper

World Population Growth and the Policy of Nations - Research Paper Example This is a complex issue which involves privacy concerns, science concerns, and ethical concerns. This paper will first examine the technical issues with the science behind the issue of population control. Following that, I will elaborate more extensively by examining four separate studies on the subject and the arguments that each study presents. The debate over population growth control deals largely on the question if the potential benefits of preserving our environment; preventing poverty; and preventing slow economic development outweighs the problems posed by the government trying to correct these issues with intervention. By government trying to intervene, it is not certain in predictability or effectiveness of all their policies. In addition, fertility is a very personal issue to most all individuals and attempts to justify government intervention on that basis alone are quite problematic. One of the important science issues with overpopulation is that of water shortage as brought out in a study by Fredrickson. South Asia is a good example of a large water crisis area. As of the year 2009, the region has the largest number of malnourished children in the world in spite of recent economic growth. Approximately 45% of children in India, Nepal, and Bangladesh suffer from poor nutrition, with water shortage being a root cause. As the author brings out, there are 500 million people in three countries relying on the Ganges River. Another of the important science issues with overpopulation is in regards to poverty and famine. Young presents Malawi as a good case study of these issues. The author states that a fairly stable government is in place and the area has an aid present.  

Caring for Filipino Patients with Cancer Essay Example | Topics and Well Written Essays - 500 words

Caring for Filipino Patients with Cancer - Essay Example The problem with the American health care practices lies behind the fact that most of the American physicians are practicing paternalistic decision-making and patient autonomy (Schmit, 2005). In line with this, most of the American physicians are not aware that the practice of too much paternalistic decision-making and patient autonomy can lead to Filipino cancer patients’ dissatisfaction with regards to the health care services they receive from the U.S.-based hospitals. The problem with the use of pure American health care system is that the American physicians may sometimes tend to forget about knowing how a Filipino cancer patient would prefer to discuss their treatment and care (Harle et al., 2007; Schmit, 2005). For example: It is possible that most of the Filipino cancer patients would prefer to have at least one of their family members to be present while discussing the patient’s health diagnosis including the recommended treatment or medication that can enable the cancer patient to alleviate pain. Since American physicians are trained to practice patient autonomy and confidentiality, most of Filipino cancer patients are not able to be with their family members at the time the physician would discuss about their diagnosis. By nature, Filipinos are not confrontational. For this reason, nurses should assure the patients that it is good to ask them questions whenever they have doubts about the care and treatment they are receiving from the hospital and health care professionals (Schmit, 2005). For example: In case a cancer patient is given a new medication, nurses should make the patient know that they have the right to know about the name of drug and purpose of the medication given to them by the nurses. In line with this, cancer patients or patients in general will always have the right to refuse to take the medication. Despite the cultural differences between the American nurses and Filipino cancer patients, nurses should always build a

The economic and environmental factors affecting USTs operations Coursework

The economic and environmental factors affecting USTs operations - Coursework Example The firm that is analyzed in the paper is UST Inc. UST Inc is involved in the manufacture of tobacco products which continue to be one of the oldest and most profitable industries. This fact has been borne out not only in the ratios but the fact that the company has been identified as the most profitable company in the United States by one of the most trusted sources – Forbes. The financial results speak to this fact. However, as in any industry there is competition and what has been happening is that even though the market is growing by 3.7% per annum UST has not been able to grow with it. This is due to the fact that the company has not been responding appropriately to the threats posed by its competitors. However, there are some environmental factors that have been affecting the company and so UST needs to answer these and other questions including: †¢ What environmental factors affect the operations of UST’s business? †¢ What business risks does the company face, †¢ Can the company undertake the recapitalisation process effectively? †¢ Why is UST considering recapitalisation and what would be the incremental effect on the company’s value? †¢ What other factors beyond interest rate shields should UST consider in assessing the value of its recapitalisation plan? The environmental factors include political/legal, economic, and social issues. In addition to industry factors these affect every business and should therefore be given due consideration. In terms of the political/legal aspects the tobacco industry has been faced with tough regulations. These have had a negative impact on the cigarette industry but much less on the moist smokeless tobacco. However, and restrictions have had a negative impact on the prospects for future growth in the industry. While being saddled with a $100 to $200 million over the next 10 years in payment as settlement in keeping with an agreement arrived at with Medicaid the company also face restrictions on its advertising and promotional campaign which is aimed at reducing the exposure of the youth population to tobacco products. Additionally, UST has a few litigations pending which is the nature of this industry. However, the smokeless tobacco industry has a much lower exposure to health related law-suits. The Medicaid settlement signifies a reduction in net income which cannot be recouped at this time when UST’s market share is declining. In terms of the economic issues although consumption has been increasing UST’s market share has been declining. The growth that has been exper ienced appears to be going to the company’s competitors. UST has a track record of growth and innovation but this has not been the case in recent times. The company is used to the practice of annual price increases – sometimes even twice per year but the competition will definitely prevent the company from doing so for most of its brands. This trend of increasing prices has been somewhat abated by the introduction of price-value brands by the company’s competitors. Although UST is large in comparison to its competitors and has a major share of the market the company has not responded the way that investors and analysts would like and so they are doubtful as to whether UST has not been able to respond in a timely and appropriate manner in order to regain its market share. Additionally, the resignation of the company’s chief financial officer (CFO) and the Director of Tobacco in 1997 is a signal to investors that something is fundamentally wrong on terms of both the companies manufacturing operations and its financial management which are two key areas. These are key persons within the company and who obviously would have impacted the company’s financial results. Like most other companies that are engaged in the production of goods the aim is to have products at each stage of the product lifecycle and to have products that will appeal to different groups.

LL Bean Inc Case Study Example | Topics and Well Written Essays - 500 words

LL Bean Inc - Case Study Example However, by the time of his death, the company had grown immensely with annual sales averaging about $4.75 million and the number of employees standing at 200 (Schleifer, 1993, p. 2). The grandson expanded and modernized the business while sticking to his grandfather’s rule, â€Å"Sell good merchandise at a reasonable profit, treat your customers like humans beings, and they’ll always come back for more† and by 1991, the company was a leading catalogue manufacturer and retailer in outdoor sporting field (Schleifer, 1993, p. 2). Currently, the company has diversified into selling outdoor recreation equipment and clothing. L.L Bean opted not to expand its retail operations and instead stuck with the only retail store they had opened at Freeport. Leon Gorman explained this decision saying the catalog business and retail business were different and both required different types of management styles (Schleifer, 1993, p. 2). However, a Consumer Report survey ranked L.L.Bean as the most customer satisfying ‘mail-order’ company in the U.S. among its major competitors such as Eddie Bauer, Talbot’s, Land’s End and Orvis. In addition, the company’s product line was classified as hierarchical and whose highest level of aggregation is occupied by Merchandise Groups such as men’s and women’s apparel, footwear and accessories, camping equipment among many others (Schleifer, 1993, p. 2). Below each Group is Demand centers such as sweaters, pants, skirts, jackets among many others. The hierarchy continued with Item sequences followed by individual items distinguished b y color, which formed the basis of forecasting and purchases to replenish stock (Schleifer, 1993, p. 3). The problem of inventory management is a bone of contention, in this case. The problem of making forecasts for each individual item stocked by the company has been the main challenge facing the company because it’s hard to match demand and supply for items

The Elimination of the Electoral College Essay Example for Free

The Elimination of the Electoral College Essay With the recent election, a controversy has come up about the eliminating the Electoral College. The Electoral College is made up of a group of electors where they vote for the President and the Vice President based on the states popular vote for the candidate. There are 538 Electoral College votes and in order to win the election, a candidate must have a majority of 270 votes to become the President. When Americans cast their vote, they are actually casting votes for the electors who will then cast their votes for the candidate. So, what’s the issue? Well, the issue is that, â€Å"The current system has the problem that presidential campaigns concentrate on only ten of the fifty states, and at least four out of five Americans are left out of the process of deciding who their president should be,† according to John Koza. In this election alone, President Obama and Governor Romney have visited Ohio a total of seventy-one times because Ohio was a major battleground state. To add on, statistics show that President Obama and Governor Romney have spent about ninety- five percent of their time and money in only ten out of the fifty states. Why? Because those battleground states have citizens who are undecided as to which candidate they should vote for, whereas most of the citizens in other states are decided. Now, let’s say that there was no electoral college and the candidates won by popular vote, chances are that they will spend a lot of their time and money campaigning in heavily populated areas such as the New England states, the South, and the West Coast. This unit has mostly been about public opinion and political participation. It has also been about the election. We learned how people choose the president and we got a general idea about the Electoral College. The Electoral College plays a HUGE role in an election. As I mentioned in the first paragraph, the electors vote for a candidate based on the states popular vote. Take Virginia for example, if you were to look at the counties, you would see that a majority of them voted for Governor Romney. If you were to look at the heavily populated (urban) areas like Richmond or D.C., they voted for President Obama. So, what candidate did the electors place their vote for? President Obama. Just by looking at the map, one would think that Virginia voted republican. The Electoral College was an agreement between the election of a candidate by a vote in Congress and the election of a candidate by popular vote of citizens. I’m sure that back when the Electoral College was formed, no one questioned the fairness of it. The popular vote is basically being spilt from the Electoral College vote. In my opinion, the Electoral College should be eliminated because it should not be electors from each state deciding the â€Å"fate† of our country. It should be the citizens deciding the outcome of an election because after all, that is why we are allowed to vote. I feel that even though we are allowed to vote, our vote doesn’t really count because of the Electoral College. Voting is a great way for our votes to be heard and to exercise one of our many rights, but if the Electoral College is eliminated, then we might as well not vote. Works Cited Page Savage, George . George Savage: Time to eliminate the Electoral College.Madison.com Madison WI news sports entertainment. N.p., 5 Nov. 2012. Web. 8 Nov. 2012. Jeunesse, William La. Time to eliminate the Electoral College? | Fox News. Fox News Breaking News Updates | Latest News Headlines | Photos News Videos. N.p., 5 Nov. 2012. Web. 8 Nov. 2012. . Is it time to eliminate the Electoral College? | TheGazette. Eastern Iowa Breaking News and Headlines | thegazette.com Cedar Rapids, Iowa City. N.p., 6 Nov. 2012. Web. 9 Nov. 2012. .

Dehlis History, Infrastructure and Political Structure

Dehlis History, Infrastructure and Political Structure DELHI Delhi,also known as the  National Capital Territory of India  is a metropolitan region in  India. Due to urban expansion in India its growth has expanded beyond the NCT to incorporate towns in neighbouring states and it can count a population of nearly 27 million residents as of 2014. The NCT and its urban region have been given the special status of  National Capital Region  (NCR) under the  Constitution of Indias 69th amendment act of 1991. The NCR includes the neighbouring cities of  Gurgaon,  Noida,  Ghaziabad,  Faridabad,  Greater Noida,  Alwar,  Bharatpurand other nearby towns. There are a number of legends associated with the origin of the name  Delhi. One is that it is derived fromDhilluorDilu, a king who built a city at this location in 50BC and named it after himself. Another is that the name is derived fromDilli, a corruption ofdehleezordehali—both terms meaning threshold or gateway—and symbolic of the city as a gateway to the  Gangetic Plain. HISTORY Delhi has been continuously inhabited since the 6th century BC.Through most of its history, Delhi has served as a capital of various kingdoms and empires. It has been captured, ransacked and rebuilt several times, particularly during the medieval period.Delhi was the site of ancient  Indraprastha(Khandavprastha), the ancient capital of the  Pandavas  during the  Mahabharata. By 1200, native Hindu resistance had begun to crumble, the dominance of foreign Muslim dynasties in India was to last for the next three hundred years, and Delhi was ruled by a succession of  Turkic  and an  Afghan,  Lodhi dynasty. They built a number of forts and townships that are part of the  seven cities of Delhi. In 1639, the Mughal emperor  Shah Jahan  built a new walled city named  Shahjahanabad, In Delhi, which served as the capital of the  Mughal Empire  from 1649 to 1847.Shahjahanabad today is Old Delhi. The greater part of Old Delhi is still confined within the space of Shah JahÄ ns walls, and several gates built during his rule—the Kashmiri Gate, the Delhi Gate, the Turkman Gate, and the Ajmeri Gate—still stand. In 1911 the British determined to shift the capital of India from Calcutta to Delhi.The key architect was Sir Edwin Lutyensand it was he who gave shape to the city.The British moved to the partially built New Delhi in 1912, and construction was completed in 1931. A new capital city, New Delhi, was built to the south of the old city during the 1920s.When the British left India in 1947, New Delhi became its national capital and seat of the union government.. ECOLOGY Two prominent features of the geography of Delhi are the Yamuna flood plains and the  Delhi ridge. The  Yamuna river  was the historical boundary between Punjab and UP, and its flood plains provide fertile alluvial soil suitable for agriculture but are prone to recurrent floods. The Yamuna, a sacred river in Hinduism, is the only major river flowing through Delhi. The Delhi ridge originates from the  Aravalli Range  in the south and encircles the west, north-east and north-west parts of the city. It reaches a height of 318m (1,043ft) and is a dominant feature of the region Delhi features an atypical version of the  humid subtropical climate. The warm season lasts from 9 April to 8 July with an average daily high temperature above 36 °C. The hottest day of the year is 22 May, with an average high of 38 °C and low of 25 °C.[59]The cold season lasts from 11 December to 11 February with an average daily high temperature below 18 °C. The coldest day of the year is 4 January, with an average low of 2 °C.Temperatures in Delhi usually range from 5 to 40 °C.The average date of the advent of monsoon winds in Delhi is 29 June. Delhi is the most polluted[66]city in the world and according to one estimate, air pollution causes the death of about 10,500 people in Delhi every year.The dense smog in Delhi during winter season results in major air and rail traffic disruptions every year.Since the mid-1990s, Delhi has undertaken some measures to curb air pollution – Delhi has the third highest quantity of trees among Indian cities[78]and the  Delhi Transport Corporation  operates the worlds largest fleet of environmentally-friendly  compressed natural gas  (CNG) buses. Infrastructure Delhi has seen major infrastructural changes over the past few years amidst increased foreign investment and economic growth. Delhi’s infrastructure is attracting MNCs and corporate bodies from all over the world. Information technology, BPOs and other IT Services are among the growing industries in Delhi. Recent developments and  economical growth in Delhi  have put the city on the global map competing with other top cities in the world. Delhi has a much improved infrastructure with new roads, flyovers, bridges, healthcare facilities, sanitation, etc.  Education in Delhi has always been the  specialty of Delhi  with so many good schools and colleges to choose from. Other major initiatives of the government include telecom, housing, power facilities, and transportation. Sighting the upcoming Commonwealth Games 2010, Delhi is geared up for transforming itself to a world class city. Transport System In Delhi: Delhi Transport Corporation or the DTC is the main transportation medium in Delhi. DTC is the worlds largest compressed natural gas bus service. The service has come a long way since its inception in the year 1984. Now all buses have been converted into CNG in order to control the pollution level of the city. Apart from the bus service of the DTC, there are private Blue Line services which are under the private hands. International Airport of Delhi popularly known as  Indira Gandhi International Airport  is located 24 kilometers south of  New Delhi. It is a two-terminal airport with major Airlines from across the world having flights to and from Indira Gandhi International Airport. Out of the two terminals, one is the Domestic Terminal some 3 kilometers away from the International Terminal. Metro rail service in Delhi has come as a much awaited gift for the people of Delhi which has indeed changed the transport facility of the city. It has become the life line of Delhi as people are dependent on Delhi Metro for commuting to different places within the city.  Delhi Metro Project  has been recognized all over the world for its specialty in terms of a hi-tech rail and better equipped transport system. Other than these, taxis and autos are always in demand for shorter distances Housing structure In Delhi 96.98% families live in pucca, 2.01% in semi-pucca, and 1.01% in kutcha type of housing structure.  60.77% stay in independent, 19.02% in flat type dwellings.  In 2010 Total number of slums were estimated as 1867 and the households therein were  estimated as 3.79 lakhs. Crime rate Call it the inefficiency of the Delhi Police or the impact of liberal registration of cases, but the Capital recorded two to four times more criminal incidents till March this year as compared to the corresponding period in last year. Delhi has reported the highest rate of violent crimes in the country. The city reported 29 heinous crimes cases daily in 2013.According to NCRB statistics, the Capital’s daily data of violent crime included 17 incidents of abduction, three robberies and rapes each and a case of murder and attempt to murder between January 1 and December 31, 2013. Governance The  Government of Delhi  is the supreme governing authority of the  Indian  national capital territory of  Delhi  and its  9 districts. The  Delhi High Court  has jurisdiction over Delhi, which also has two lower courts: the  Small Causes Court  for civil cases, and the  Sessions Court  for criminal cases. The  Delhi Police, headed by the  Police Commissioner, is one of the largest metropolitan police forces in the world.[1] The  Parliament of India, the  Rashtrapati Bhavan  (Presidential Palace),  Cabinet Secretariat  and the Supreme Court of India are located in the municipal district of New Delhi.There is no Cabinet of Ministers in Government of Delhi, as Delhi is under  Presidents Rule.

Photochemical Degradation of Pharmaceutics Experiment

Photochemical Degradation of Pharmaceutics Experiment Experimental Methodology Experimental methodology executed for accomplishment of a project is one of the most important parts of study, deciding the ultimate outcomes of the study. For the present study It aimed at metal doped MCM-41 for the removal of pharmaceutics by then degradation under UV irradiation. The present investigation was therefore designed to avoid discrepancies as much as possible, and to maximize the outcomes. The photochemical degradation of pharmaceutics has become an important index in ecological environment safety evaluation of drugs. To elucidate the photodegradation profiles of drugs in the environment, many investigators have focused on solution photolysis in organic solvents or in a dilute aqueous solution. The present study was based on photo degradation of two commonly used pharmaceutics i.e., salts of diclofenac and atorvastatin in different solvents. Another perspective of the present study was to determine the metal dopped mesoporous silicates materials as catalyst for the photo degradation of pharmaceutics under UV radiations, sunlight and in absence of light. The details of the experimental methodology adopted are spelled out as under: 3.1 The glassware/ volumetric Apparatus The proper and appropriately cleaned and calibrated glassware and volumetric apparatus is necessary for accurate and precise analytical measurements. Thus, high quality pyrex glass-ware was used during the course of experiment. This apparatus was given through wash with detergent solution, diluted HNO3 and finally with distilled water. All the glassware used was dried at 100oC in an electric oven before use. All the apparatus like beakers, measuring flasks, pippets and graduated cylinders were calibrated prior to use. 3.2 The Reagents Synthesis of mesoporous silica, metal dopping on synthesized mesoporous material and degradation studies required various reagents. In addition to other parameters, the success of experimental methodology also depended on their purity and quality. So in order to ensure quality analytical grade chemicals which were purchased from Uni-chem (China), E.Merk (Germany), Riedel-deHaen (China) and Sigma Aldrich were used. Sodium silicate, cetyltrimethyl ammonium bromide (CTAB), H2SO4,(NH4)2 Ce(NO3)6, Cu(NO3)2.3H2O and copper acetate were obtained from sigma Aldrich with a crtified purity of 99.9%. In order to avoid any photo degradation, all the reagents were kept in dark. 3.3 Equipments/ instruments used a. The following equipments were used for the successful completion of the present study. Magnetic stirrer/ Hot plate Oven Shaker Muffle furnace UV-irradiator pH meter b Instrument Used UV- Visible Spectrophotometer The spectro photometric measurements were performed on a UV–visible double-beam spectrophotometer (U-2800). It operates on the principle of measurement of the intensity of light after passing through a sample (I) and comparing it to the intensity of light before it passes through the sample (Io). The ratio (I/I0 ) is called the transmittance, and is usually expressed as a percentage (%T). The absorbance, A is calculated by the following equation: A= log (%T/100) The basic compartment of a spectrophotometer include; light source, sample holder, a diffraction grating or monochromator to separate the different wavelengths of light, and a detector. The radiation source is often a tungsten filament (300-2500nm) and a deuterium arc lamp, which is continuous over the ultraviolet region (190-400nm). More recently, light emitting diodes (LED) and xenon arc lamps for visible wave length have also been incorporated. The detector is typically a photodiode or CCD (charge couple device detector to enhance the uv spectrophotometer performance). Photodiodes present with monochromators filter the light so that only light of single wavelength reaches the detector. Diffraction gratings with CCDs collect light of different wavelength on different pixels. 1og10Io/I= Æ lc Æ = greek letter, epsilon l= length of solution the light passese through(cm) c = concentration of solution (mol dm-3) The expression 1og10Io/I is known as the absorbance of the solution and is measured by the spectrometer. For the present study the UV spectrophotometer was used for determining the degradation of different pharmaceutical products under different conditions. For this purpose the absorbance of diclofenac sodium was recorded at a wavelength of 276 nm and that of atorvastatin was recorded at wavelength of 246 nm. c Bruker alpha ATR spectrophotometer The Platinum ATR is a single reflection diamond ATR sampling module that is designed to significantly ease analysis. The ergonomic one finger clamp mechanism simplifies the sample positioning. The robust diamond crystal allows analyze nearly all kind of liquid and solid samples. For the present study the IR analysis of MCM-41, Cu/MCM-41 and Ce/MCM-41 was c SDT-Q600 Thermo Gravimetric Analyser The TA Instruments SDT-Q600 Simultaneous TGA / DSC provides simultaneous measurement of weight change (TGA) and true differential heat flow (DSC) on the same sample from ambient to 1,500  °C. It features a field-proven horizontal dual beam design with automatic beam growth compensation, and the ability to analyze two TGA samples simultaneously. For the present study the thermogravimetric analysis of mesoporous silicate was: 3.2 Analytical Methodology 3.2.1 Preparation of mesoporous silica For the preparation of mesoporous silica the method of Taron et.al was used. [i] In this method the sodium silicate was used as a source of silica and cetyltrimethyl ammonium bromide (CTAB) used as a surfactant. Briefly, a 15.75g part of sodium silicate was dissolved in 45.75g of DDW and stirred for 15 minutes at room temperature in a poly propylene container (A). A 13.535g of CTAB was separately dissolved in 200 ml of doubly distilled water at room temperature to prepare an aqueous solution of CTAB (B). To a stirred solution of precursor (A), the template solution (B) was added drop wise. After the completion of addition, the solution was further stirred for about 1h. Subsequently the pH of the contents was maintained at 10.5 by using 1:1 H2SO4, (6.7ml) which yielded a gel that was further stirred for about 45 minutes. The polypropylene container was then sealed and allowed to age for twenty four hours at room temperature without stirring. The gel thus obtained was filtered, washed with doubly distilled water to get rids of ions present as impurities and dried in an electric oven at 120oC. Thus dried product was allowed to calcine at a heating rate of 3oC/min for 6 hours while maintaining a maximum temperature of 550oC. The product obtained after calcinations was mesoporous silica MCM-41, that was used for further experiments. 3.2.2 Metal impregnation of mesoporous silica a) Preparation of CeO2/MCM-41 Li et.al method was adopted for the synthesis of MCM-41/CeO2.[ii] This is based on grinding of precursors. In this method, 0.6402 g of (NH4)2Ce(NO3)6 and 0.3g of synthesized MCM-41 were placed in a mortar and ground significantly at room temperature conditions. The obtained solid was calcined at a heating rate of 5oC/min until the maximum temperature obtained 550  °C in air for 3 to 4 h to remove the surfactant molecules[iii] b) Preparation of copper supported mesoporous silica (Cu/MCM-41) The copper was loaded on the mesoporous support material through wet impregnation of silica. 2g of silica was stirred in 0.025M of 20mL copper acetate for 24 hours at room temperature. The copper impregnated silica was washed with distilled water to remove free copper and acetate ions and then dried at 70oC for 12h. The copper impregnated silica was calcined at 600oC for 4 h to get silica supported copper sample (Cu-MS).[iv] c) Preparation of Cu-dopped MCM-41 with different percentages: The MCM-41 mesoporous powder material after drying at 120oC over night was impregnated with solutions of different concentrations separately under continuous stirring for 12 h at room temperature, and then they were dried at 100oC. The obtained materials were calcined in air from room temperature to 150oC at 5oC/min and held at 150oC for 1 h, and then heated from 150oC to 250oC at the rate of 5oC/min and held at 250oC for 1 h, at last heated from 250oC to 330oC at 5oC/min and held at 330oC for 2 h. By using this procedure, samples containing 5, 10 and 15 wt% Cu-MCM-41 was prepared. [v] 3.2.3 Degradation studies Preparation of Pharmaceutics Standards Pharmaceutics Stock Solution Preparation A primary standard solution of pharmaceutics with concentration 1000 ppm was prepared by dissolving 0.1 g of pharmaceutics in 100 mL of solvent. The solution was kept in refrigerator at 4oC prior to use. Pharmaceutics Spiking Solution Preparation The intermediate standard solutions of pharmaceutics were prepared by diluting 0.5, 0.4. 0.3, 0.2 and 0.1mL of 1000ppm of stock solution upto 10mL of solvent to prepare 50, 40, 30, 20 and 10 ppm of standards. Effect of light Effect of time Effect of metal Effect of metal loading levels Effect of pH REFERENCES: [i] H. W. Lee , H. J. Cho , J.H. Yim , J. M. Kim , J.K. Jeon , J. M.Sohn , K.S. Yoo , S.S. Kim , Y.K. Park , Removal of Cu(II)-ion over amine-functionalized mesoporous silica materials, Journal of Industrial and Engineering Chemistry (17) 504–509(2011) [ii] H. R.Pouretedal, M.Ahmadi, Synthesis, characterization, and photocatalytic activity of MCM-41 and MCM-48 impregnated with CeO2 nanoparticles, journal of International Nano Letters, 2:10(2012) [iii] (Li, Y, Yan, B, Functionalized mesoporous SBA-15 with CeF3: Eu3+ nanoparticle by three different methods: synthesis, characterization, and photoluminescence. Nanoscal. Res. Lett. 5, 701–708 (2010). [iv] Manish dixit, Manis mishra, P.A.Joshi, D.O.Shah, â€Å"Study on the catalytic properties of silica supported copper catalysts†, journal of procedia engineering, 51, 467-472(2013). [v] Ye Wan, Chao Chen, Weiming Xiao, Lijuan Jian, Ning Zhang, â€Å"Ni/MIL-120: An efficient metal–organic framework catalyst for hydrogenation of benzene to cyclohexane† , Microporous and Mesoporous Materials 17, 1 9–13(2013).

Effects of Cocaine :: Papers

Effects of Cocaine Physical effects of cocaine use include constricted peripheral blood vessels, dilated pupils, and increased temperature, heart rate, and blood pressure. The duration of cocaine’s immediate euphoric effects, which include hyper-stimulation and mental clarity, is dependent on the route of administration. The faster the cocaine is absorbed, the more intense the high and the shorter the duration of action. The ‘high’ from snorting may last 15 to 30 minutes, whilst that from smoking may last 5 to 10 minutes. Increased use can reduce the period of stimulation. This euphoria is followed by depression and craving for more of the drug. Some users of cocaine report feelings of restlessness, irritability, and anxiety. In rare instances, sudden death can occur on the first use of cocaine or unexpectedly thereafter. There is no way to determine who is prone to sudden death. Short-term physiological effects include raised hear rate, hyperactivity and restlessness. Blood pressure of the user is also increased and the pupils dilate. There is a great risk associated with cocaine use whether the drug is snorted, injected or smoked. Prolonged cocaine snorting can result in ulceration of the mucous membranes of the nose and can damage the nasal septum enough to cause it to collapse. The injecting drug user is at risk for transmitting or acquiring HIV infection/AIDS if needles or other injection equipment are shared. Hepatitis is another danger from the use of needles to inject cocaine. Cocaine smokers suffer from acute respiratory problems including coughing, shortness of breath, and severe chest pains with lung trauma and bleeding. In addition, it appears that compulsive cocaine use may develop even more rapidly if the substance is smoked rather than snorted. Cocaine is a strong central nervous system stimulant that interferes with the reabsorption process of dopamine, a chemical messenger associated with pleasure and movement. Dopamine is released as part of the brain’s reward system and is involved in the high that characterizes cocaine consumption. An appreciable tolerance to the

Definitions of Words Relating to the Sea :: Ocean Marine Life Aquatics Essays

Definitions of Words Relating to the Sea The Wave Machine The wave machine is a simulator that will allow you to create an ocean wave and determine its height. Most ocean waves are formed when the wind blows across the water's surface. The wave height is determined by three factors: wind speed, fetch, and duration. Wind Speed In 1805, Sir Francis Beaufort, observing the effects of wind speed upon the sea, devised the Beaufort Wind Scale. Though wind speed is not the only factor in determining wave size, the Beaufort scale remains a tool for seafarers to this day. Wind speed is measured in KNOTS. (1 knot is equal to 1.151 mph, or 1.852 kilometers per hour). Fetch Fetch measures the area of open water over which wind blows. Like wind duration, the distance waves travel has a significant impact upon their size. Fetch is measured in NAUTICAL MILES. (1 nautical mile is equal to 1.151 miles, or 1.852 kilometers). Wind Duration Wind duration reflects how long the wind has blown in the same direction. Even at slower speeds, stead winds can create higher and more powerful waves than those resulting from brief, strong gusts. Wave Types Capillary waves The smallest waves created when the wind blows acroos a smooth water surface. Friction between the air and water molecules results in the creation of these small ripples, which are less than .7 inches long. Shallow-Water Waves Wind generated waves that travel in water shallower than one-twentieth of their wavelength. Deep-Water Waves Wind generated waves that travel in water deeper than one half of their wavelength. Swell A swell is formed when waves move away from the storm or generating area and become more regular. Waves exhibit longer periods and rounded crests, creating a uniform pattern on the ocean surface. Rogue wave A rogue wave is an unusually large wave caused by combining the heights of waves that meet simultaneously.