Tuesday, March 30, 2021

Women versus men's difference

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In life, in general we unconsciously play the roles we view ourselves as male or female and we tend to play the role that others expect us from the time that we were children. I remember my parents were expecting me as a boy, because they had two daughters already and they really wanted a boy. So I acted less girlish. Then as I grew up, I realized my role as a lady, I should act more feminine. Then I was unaware of how I changed my behavior. In class, we explored the issue of men and women through reading Wollstonecraft, Ehrlich, Teen's essays. What make women distinguished from men can be explained by the causes in society, media, power structures and that women and men play specific roles in society


Wollstonecraft says with men in a position of power, the men create weak women. Women are required to be sensitive, to use soft tones, to be delicate by men. All of these are almost ¡§synonymous¡¨ with weakness. But sensibility, softness, delicacy are not bad things. They are some of the features that make women distinguishable from men. And these make the world richer and more interesting. The bad things are women give up their strength of mind and body for them. For example, in order to look pretty, some women eat too little to keep slim, some women spend too much money on make up and too much time to remove their unwanted hair. To sum up, they sacrifice their strength for beauty. These phenomenon are also the result of the commercials on TV and ads in magazines and the concepts society imposing on women. Women's beauty is essential. In contrast, Men's essential quality is ability.


Goodman tells the story about ¡§The Company Man¡¨ who sacrifices everything for his work. And his wife, in contrast, sacrifices her job for her husband and their children. Goodman points out the company creates ¡§The Company Men¡¨, a ¡§type A¡¨ workaholic. The company's president ask who can replace the dead guy ¡§Who's been working the hardest?¡¨ (pp.170) As a consequence, he created ¡§The Company Men¡¨, ¡§The Company Men¡¨ created a house wife-his wife and another workaholic-his oldest son.


Ehrlich says media create a tough image of a cowboy, strong and silent. In fact, cowboys are ¡§androgynous at the core¡¨. (pp.10) They are nurtured and softhearted. They are being motherhood because their jobs require them to nurture calves and take care of their mothers and work hard. They are ¡§tough¡¨, because ¡§they get rained and snowed on, scuffed up by wind.¡¨ Actually they are not being tough, but ¡§tough it out¡¨. Which means they cop with the toughness. Ehrlich points out the media and our society want men to be manly, to be strong, to be chivalrous in spite of they could be both of manliness and femininity.


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Tannen discusses men and women's difference from how the children being raised.. Men and women are in differing ways of using language, because from childhood other talk to them differently and also they spend most of their time play in the same-sex groups, hence they are from different culture. I think the cause of these behaviors are base on biological reason. Because the same biological reason, women care more about relationship than their career. Women tend to focus on the intimacy and men on the independence. As John Gray said ¡§Men are from Mars, Women are from Venus¡¨. Women's sense of self is defined through their feelings and the quality of their relationships. This is another reason which adds to a women's dependence. However achieving goals is very important to a man because it is a way to improve his competence and feel good about himself.


Truth argued against the stereotype that women are weak. She said she was a strong women by showing her muscle that she worked the hardest job in the field, ahead of men. She had born thirteen children and seen them almost sold off into slavery (and by asked ¡§aren't I a women.¡¨) Truth pointed out women can be as strong as men physically and mentally.


From the society structure point of view, men making more money and in higher positions in jobs are the result of the specific roles they play in society. Men are required to work outside and bring money home. Women are required to be responsible for family and their children. In some cases, men and women switch roles, but that is not common. Thus, women most likely hold entry position because they may have children in their most critical time of their careers that prevent them from advancing or they are forced to switch from a more important position to a less important position in order to care family more, or some women even quit their jobs and stay home with children. In fewer cases, women sacrifice by not having children to keep working on a fast track job. Ineither way women need to sacrifice, but men need not.


Others' perspectives play a major role in who we are. However, women are increasingly aware of the influence of stereotypes on their life roles. Many women fight for women's right and the equal opportunity and become more and more independent and increase their important position in corporations. Women can learn to be independent because women are as strong as men like Truth said. And women should learn to be independent for it is true happiness like Wollstonecraft said. And women are equally intelligent otherwise why do men give them the responsibility of raising children and governing a family as Wollstonecraft points out. Men also can help to be responsible for family and children because they posses the ability to nurture as Ehrlich points out in her essay.


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Monday, March 29, 2021

Vehicles

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VEHICLE


Submitted by


Professor Gus Janssen


Anthropology


Custom Essays on Vehicles


/14/0


There is much a person desires in a vehicle, one; does it have power windows, Power locks, power seats, two; does it have a high horse power engine, or does it have a low geared engine, three; does it have nice interior, and can it hold the entire family, but most of all, four, is the price reasonable, or can I afford it. These are just a few things a person does when shopping for a new vehicle, but in this whole process are they missing the picture. Why do they have such nice vehicles to choose from, how do they get the money to be able to afford these vehicles, and how almost whoever you are can have a vehicle? I have been observing people and found out that vehicles make people lazy, but without them they would they would not be able to make a living ninety percent of the time. So when you put all of these facts in an Anthropological mind, it all makes since, why vehicles mean so much in our lives.


First lets talk about how people take vehicles for granted, I went to a car dealership with my mother, because she wanted to buy a new SUV the first one we looked at was a beautiful Lexus, it was one year old, with twenty eight thousand miles on it; with leather interior, power windows and locks, with a V6 engine. She did not like the car for a couple of reasons; one it was expensive, and two it did not have a power full enough engine. The next one we looked at was a new BMW SUV, it had all of the same features, but a more power full engine, at around the same price, and that was the one she was considering to buy. Do you think in the search for a new car she ever thought that 15 years ago you couldn't get power windows, or leather seats, or a power full engine that still got 5 miles to the gallon? No but that doesn't make it her fault, because 15 years ago she didn't want those things, so that just goes to show you that people change with the times, and as things get better, people start wanting the better things.


Even though the vehicle is a big part of our lives, it also effects our lives and health in a bad way for example, if you needed some bread and milk and the store was a mile away, would we walk/run there or would we just get in the car and drive to the store, of course we would take option number two. But that is not the only thing vehicles strip us of, think about how much more land we would have on the planet if we did not have the vehicle; therefore on the flipside of that what if we did not get our ready supply of food, drink, equipment, supplies, etc. Another thing a vehicle does for us is commute us to work, or school, and everything in between, because in today's society nobody works on a farm at home living off the land and killing there livestock for food, but can we blame the loss of that life style on the vehicle. Another thing would we be able to see the world without the vehicle, would vacation spots be here without the vehicle, I think not because if you own Walt Disney World, your only crowed will be within a fifty mile radius at the most. So the real question is does the vehicle help us or hurt us, we will never decide for sure.


I'm sure not much of this is making a lot of since, but if you put it in an Anthropological view it would all fall in to place. Let take the four agents of change and apply them to the vehicle. Starting with innovation, what is the primary innovation of the car? I would say the wheel, and then what is the Secondary innovation of the vehicle? I would say the first wheel able to move without assistance, In the process of innovation it talks about how most innovations start simple; then grow bigger, and then grow bigger, and then they start making inventions for the inventions, is that not the way a vehicle came about? I think it is. Now lets apply the vehicle to diffusion, did we make the first wheel, no, but we inherited it, did we make the first car, no but we inherited that also, did we make all the modern conveniences for the vehicle, no, but we borrowed other cultures inventions and used them to make our inventions better, thus relating to Diffusion. Now lets talk about our cultural losses, what did we lose as a society to the car, we already talked about a couple; for example loss of land, and loss of exercise, but there are more, what about loss of lives due to car crashes, we lose thousands of people a year due to car crashes. What about our past means of transportation; how many people do you see ride there horse to work, and how many people have a buggy in there driveway, none. Now we are the last one Acculturation, how did people deal with coming to the states and seeing that everyone was driving a car, I'm sure it was a big change if they have never seen it done before, but as human beings we have a certain way for dealing with such cultural changes, we call it adaptability, and with this over time we can go to any culture and adapt to it.


In conclusion the vehicle is probably on of the biggest innovations in the past one hundred years. It has changed so much of our culture and did it right under our noses, without most of us even knowing what hit us. This has happened a lot in the last few years, we have created things, and have had to adapt to the creation, every thing we create is to try to make our life easier, and more comfortable, but no matter what we do every thing we invent, and everything we change, adds new stresses to our lives, and the only way we can understand how it is today is threw the study of Anthropology. So when it comes to the question, do we really need cars and if not would life be easier without them, my answer to that is we have little control of how we live, because it is human nature never to be satisfied.


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Friday, March 26, 2021

Nonverbal communication in hospitals

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Miracole Walker


Interpersonal COM.


Journal


Nonverbal communication plays an important role in our interaction with others. Nonverbal communication includes facial expressions, tones of voice, gestures, eye contact, spatial arrangements, patterns of touch, expressive movement, and other nonverbal acts. These nonverbal acts are used to accomplish a number of our interpersonal goals as communicators. This concept of nonverbal communication played an important role in my recent visit to the emergancy room.


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I arrived at University hospital at around am on Sunday morning, feeling weak, nauseous, dizzy, and like my brain was exploding from the inside. The nurse gestured for me to sit down, I noticed her body language and complied. She greeted me with a warm smile, slightly leaning forward, while gathering information about the nature of my emergancy. Her smile helped me feel a little more at ease in the hostile environment of the hospital. Her forward lean and open posture let me know that she was interested in what I had to say and was trying to help. I was positioned in a wheelchair and then rolled into a small private room. The gurney I was transferred to was cold and rigid to the touch. The metallic, aseptic smell lingering in the chilly air hung in my nose; constantly reminding me of where I was.


When the doctor arrived, he greeted me with a handshake, a warm smile, and kept eye contact with me while speaking. All of these nonverbal cues conveyed to me that he was paying attention and not being distracted by the chart in his hands or the beeping heart monitor that I was wired to. The doctor asked me to show him where I had pain. I gestured to the origin of the searing sting in my skull. The docter then asked me to describe my symptoms, all the while nodding as a signal to show that he was comprehending what I was explaining. Then, the nurse returned to take blood; she noticed my nervous facial expressions when she began to prepare my arm for the I.V. My whole body tensed when she unveiled the huge needle that was destined for my arm. She touched my shoulder in a warm and friendly way to try to convey her good intentions. At this point she could plainly comprehend from my face that I was in so much pain that I would put my fear of needles aside, letting her poke and prod my body at her descression. Her forehead subsequently wrinkled in silent concentration as she searched for a suitable vein, her eyebrows suddenly lowering in a show of disappointment. She missed the vein, and when she tried again to insert the needle, she completely punctured my vein, thereby causing a hematoma. I shuttered at the new shooting twinge of pain coming from my arm, joining the long list of things currently ailing me. After the nurse completed a successful I.V. in my other arm, she gave a noticeable sigh of relief. The doctor returned and performed a battery of physical tests. He then examined my sense of balance, pupil reaction, and overall response to visual stimuli. The doctor then moved in very close to me, looking very concerned. He informed me that I was to have a C.A.T. scan to search for a possible aneurysm.


As I waited patiently for my turn to be scanned, I watched through the door as other patients were wheeled down the hall by orderlies. I tried to take my mind off the pain by guessing what each person was afflicted with. One woman was hastily pushed down the hall, her face wincing in pain, legs bent and stomach protruding from her white T-shirt. This one was easy, all the nonverbal cues of child labor. The next patient was a middle-aged man; his gurney was parked just outside of my room. The orderly kept yelling at him to wake up and open his eyes. The man was limp, and his motions when awake were erratic and overemphasized. The orderly asked him to stand. The man fell off the gurney and rolled on to the ground. This was another easy nonverbal diagnosis. The patient was exhibiting traditional cues of being severely intoxicated. This nonverbal guessing game was amusing, but it was finally my turn to take a trip to the CAT scan. The scan went quickly, but on the way back to my hospital room, I caught a glimpse of the pregnant woman behind some curtains. She had given birth, and her newborn baby was rapped in a pink blanket with a pink beanie on its head. With all the pink that the child was adorned with, I guessed that she had given birth to a girl because pink being a nonverbal symbol for the female gender. There were countless examples of nonverbal communication expressed during my lengthy hospital visit, but most of them are a little fuzzy due to the drugs they pumped into me. Drugs aside, the importance of effective patient/doctor communication cannot be emphasized enough. Communication involves much more than a doctor's verbal ability. Nonverbal communication, listening and observational skills also play important roles. The doctor gathered more information about my emergancy by observing my facial expressions, movement, tone of voice, gestures, and eye contact than listing to my words alone. My visit to the emergancy room reinforced the important role of nonverbal communication in a situation where I had to communicate effectively. The exchange of information between the doctor and me was successful in the sense that the verbal and nonverbal communication was effective, and it helped build a therapeutic relationship that produced a desired outcome, a proper diagnosis, with my health being restored!


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Conflicting Values in the Story "Everyday Use"

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The story "Everyday Use" by Alice Walker is a story that shows how members of the same family can have extreme conflicting values. The story has three main characters, Dee, Maggie, and Mama. In the story, the term 'everyday use' is what illustrates the characters' different personalities. The term is very important because the story is centered on the things that the characters have and how they use them everyday. The term means something different to each of the characters. Maggie and Mama live together and they are a lot alike in their values and the way that they appreciate the things that they have. Dee on the other hand is very different from both her mother and her sister. The story also shows how society can play a role in the characters' values.


In the story "Everyday use" Mama, who is the mother of Dee and Maggie, is a very simple but hardworking woman. She is the provider for the family, she does all of the work outside and she slaughters the animals to eat. She is very proud of the work that she does and this is illustrated in the beginning of the story when she is talking about their yard. She says, "A yard like this is more comfortable than most people know. It is not just a yard. It is like an extended living room." This shows the reader what type of person Mama is because she appreciates the things that she has, even if it is just a yard. The term everyday use is important to Mama because when she owns something, it gets put to use. A lot of the things that mama has are things that have been made by her family members. Their Uncle Buddy whittled the churn top that they have and their Aunt Dee's first husband whittled the dasher. Mama and Aunt Dee made the quilts out of clothing that grandma Dee and other relatives wore. When Dee wants to take the quilts, Mama gets angry because she was going to give them to Maggie for when she gets married because she knows that Maggie will use them. She does not want Dee to have them because she is just going to use them as decorations. The reader can clearly see that the term everyday use is important to Mama because it highlights the values that she has for her possessions and her hard work.


Maggie is a shy, self-conscious girl who does not talk very much at all and is afraid of her older sister Dee. She is not very educated but she is good-natured and still tries her best when she does things like read to her mother. She knows that she is not that smart, but she is good at other things, such as making quilts. The term everyday use is important to Maggie because she is the same way as her mother when it comes to appreciating the things that you have and making use of them. Mama knows that Maggie will use the quilts when she gets married and that if the quilts get old and worn out, that Maggie can make new ones. Maggie has very genuine and selfless values. When Dee asks Mama if she can take the quilts, the reader can see that Maggie gets upset because something falls in the kitchen and she slams the kitchen door. However, when she comes out to confront Dee, she tells her that she can have the quilts and that she can remember her Grandma Dee without the quilts. This shows the reader that Maggie does not live her life worrying about material things and that she is willing to give up something important to her. We also see another side of Maggie when Dee is leaving and Maggie smiles. This is the first time that Maggie has smiled in the story and it happens when her sister is leaving, which shows how Maggie's personality is different when her sister is there as opposed to when she is not.


Dee is an example of how society can play a role in the values that a person has. Dee is totally opposite from her mother and sister. She hated the old house that they lived in and Mama was sure that she was going to hate the new one. Instead of being simple and quiet like Mama and Maggie, Dee is outspoken and lives a more modern life. The term everyday use is important to Dee because it proves how different she is from the other characters. When she comes to visit, she wants to take the churn top, the dasher, and the quilts as decorations for her house. She thinks that because Maggie will use the quilts everyday that she does not appreciate them. The irony in this story is that when Dee went away to school, Mama asked her if she wanted a quilt and she turned it down, saying that they were old-fashioned and out of style. Now she is throwing a fit because she wants them so badly. It seems as though Dee also likes to show off the modern things that she has and her knowledge. For example, when she was in school, she used to read to Maggie and Mama as if she were better than them, and when she came to visit, the first thing that she did was take out a Polaroid camera and take pictures of Maggie, Mama and the house. The term everyday use is so important to Dee's character because it shows that she has very selfish values and she cares more about taking things for herself than taking things that Maggie and Mama use everyday away from them.


The story everyday use is a story that depicts how people of the same family can have such different values and views on life. The term everyday use is very important to the story, not only because it is the title, but also because it gives the story a point. This point is that something simple, like how a person uses the heirlooms that are in their family, can show what values that person has.


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Stories of Courage: Two Women

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Mamusha


The film is a story of hope, courage and faith. The story is set in 1, in Warsaw, Poland during the Second World War; and is based on a true to life story of Gertruda Babilinska a courageous woman's will to survive while keeping a promise.


The story starts inside the Babilinska household. Gertruda was hired by the Babilinskas, an influential Jewish family in Poland, to be the personal nanny of their son Mickey. Not long though, Germany occupied Poland, and Mr. Babilinska was called to duty. Things did not get better ... Lydia Babilinska, his son Mickey and Gertruda were forced to flee their house and seek for refuge in a German dominated land, to live a plebeian life. With their new life, the three had to endure one bad thing on top of another everyday…this was made worse by a discovery which will change Gertruda's life forever --- Mrs. Lydia Babilinska was inflicted with a sickness that not for long, took her life, leaving Mickey to Gertruda's hands. In Lydia's deathbed, she entrusted Mickey to Gertruda…from one woman to another, she asked Gertruda to raise and love Mickey as her own, and told her that she wishes Mickey to remain a Jew. She asked Gertruda to promise to take Mickey to Palestine after the war. Gertruda promised, and took Mickey to raise as her own.


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Gertruda took the role of being Mickey's mother and adapted the Babilinska surname, making her Mrs. Gertruda Babilinska, mother of Mickey Babilinska. They lived in a German Christian community and blended in. This was not really difficult for Gertruda since she wasn't a Jew and she could speak German fluently. They attended mass, and made "friends" with their German neighbours. What was difficult to achieve was to maintain the absence of suspicion. This proved to be exceptionally hard for Gertruda to make Mickey understand since Mickey was just a little kid and did not know what was happening. An example of this was in the scene wherein Mickey called Gertruda by her first name…Gertruda had to remind Mickey again not to call her by her first name since children do not call their mothers by their first name. Mickey replied with a very confused answer and said that he already has a mother…Gertruda then had to put things in a more creative way… she said that she was his Christian mother…she told him to call her Mamusha.


Years have passed and the end for the war wasn't in sight. German intelligence received hints that Jews are in hiding in the apartment where Gertruda and Mickey lived. German eyes were on them. Gertruda had to act fast on how to evade suspicion. She exhausted all resources, and finally decided to confess everything to the local priest. The priest understood her predicament and provided for an answer. Mickey was baptized into Christianity…since then, suspicions towards them faded as people saw Mickey serve regularly in mass celebrations.


After five years of concealing a little boy's real identity, and secretly smuggling food and medical supplies to their Jewish friends in the concentration camp, in the end, Gertruda and Mickey survived the war.


It is heart-warming to learn that there are still people like Mrs. Gertruda Babilinska in this world. The movie sends a message of hope --- that there is still hope for us human beings to be humanistic. It inspires people to do things, and not be afraid to step out of their comfort zone in order to lend a hand.


Woman on the Bicycle


The film is mainly about Marie Rose, a Christian messenger based in a community in France. The setting of the story is during the Nazi occupation of France. Marie Rose, the secretary of a diocese in France was assigned of the important task of distributing "illegal" letters around the village, as well as letting the letters reach other villages. The letters mainly are on the concern regarding their Jewish brothers and sisters who get to escape concentration camps and are in hiding. The underground activity that Marie Rose was making possible was to look for shelters for Jewish people in hiding. She even engaged in the falsification of the documents of the Jewish people. Changing their Jewish names into Christian names…making them less inconspicuous.


There were lots of instances in the film wherein Rose Marie was subjected into police harassment and even life threatening situations that didn't just threaten her life, but threatened the security of the people around her as well. Even when the situation in their village became heavy under fire, Marie Rose tried her best to continue to help and held on to her faith. All paid off when she and her Jewish friends witnessed the day when the Allied forces defeated Germany, and ended the war.


ASSESSMENT


In both films, the storyline, the plot and the portrayal of the heroine is not new. In fact, the portrayal of the heroine as somebody ordinary doing extraordinary things amidst life-threatening circumstances, has been applied to numerous films that try to touch people's hearts. This style is very common, which isn't necessarily a bad thing…it is actually a good thing. The common storyline establishes more familiarity to the audience. The composition of the storyline is done in such a way that the viewers will get to establish a sense of commonality with the characters. The characters get to reach out to people's feelings. This feature actually made these two films a success. The films definitely do not match up to Spielberg's Schindler's List and Empire of the Sun, but they are worth the watch, and worth the buy to collect as well.


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Thursday, March 25, 2021

The Contribution of the CBC to Canadians

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The CBC fulfills its objectives as outlined in the official mandate and therefore it contributes to our being human. The CBC states that it will provide balanced service, promote Canadian culture, and serve special needs of geographic regions. A huge part of the human character is defined by the culture in which we grow up and the values and views we are taught to hold as important. The services provided by the CBC allow Canadians to learn about their culture and identity, as well as celebrate all the different aspects of life within Canada.


The CBC provides service that reflects the many different views and lifestyles of people in Canada. As the official mandate states, this network supplies a balanced service of information, enlightenment and entertainment for people of different ages, interests and tastes. When it comes to the factor of age, people at different stages of their lives are looking for certain programs to suit their needs. Children, who are learning about the world around them and how to behave in it, need shows to teach them the values of their society and culture. Television programs such as 'Franklin' are aired on CBC, mainly in the mornings, in order to accommodate this need. These and other children's shows usually revolve around characters in everyday situations, learning how to fit in and develop acceptable morals. These programs help during a very important stage in a human's life childhood. The CBC also tries to protect their young audience by having very strict rules for the advertisements aired during the breaks of these programs. Commercials are known to manipulate the minds of viewers, and children are especially vulnerable. There are also a great variety of comedies and drama's that appeal to the young and the old, as well as documentaries, news programs and movies.


As a trait that identifies a human being, people have their own individual tastes and interests. The CBC supplies a variety of different shows to meet these many unique needs. Many of the people who make up the Canadian population have roots from other countries, as this country is multi-cultural. The audiences generated by imported shows such as 'Mr. Bean' and 'Coronation Street', which originate from England, reflect this. Special interests, such as music or dance, are considered when shows such as 'Sunday Encore', which deals with the arts, are played on CBC. Specialized news programs, such as 'Venture' or 'The Nature of Things', are tailored to suit people interested in the environment, business, sports and other aspects of society and the world. Coverage of special events is another benefit that the CBC brings to Canadian citizens. In fact, according to Don Goodwin, CBC Regional director for Ontario, .. in radio there is no competition to the CBC for such events as the Olympics or the Commonwealth Games.


The CBC claims that it will provide service which is predominately Canadian and demonstrates a continuing expression of Canadian identity. Every human needs to have knowledge of self and the culture that is their own. The CBC primarily uses Canadian resources to preserve this culture. There are many news programs to inform Canadians about issues within, and affecting, the country. Shows such as 'The National' or 'Canada Now' give people living in Canada the option to watch news from their own country, as opposed to viewing American stations. They deal with local, regional and national issues which helps people understand what is going on all over the country, in effect bringing it closer together. These programs provide many different views and opinions to get an overview of Canadian society as a whole. Canadian traditions, such as 'Hockey Night in Canada', demonstrate national pride and, in this specific case, celebrates something that is distinctly of Canadian culture.


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The CBC states in its mandate that it will serve the special needs of geographical regions. Each individual has separate needs as humans, such as language, which need to be taken into consideration. Canada has two national languages, and the mandate also states that it will accommodate the needs of both. In the article CBC at a Glance, it shows that there are networks for the television available for both French and English. There are also an equal number of radio frequencies supplied for each language, and special satellite feeds covering special events for both. Within Canada, mainly because it is so large, there are many different ways of living. The CBC provides programs that appeal to these distinct needs. An example of this is the show 'Country Canada' which deals with the affairs of rural life, such as farming. This not only interests people who live in these regions, but also allows people who don't an insight into this way of living and promotes and understanding of Canada as a whole.


In conclusion, it has been proven that the CBC fulfills its objectives as outlined in the official mandate and therefore it contributes to our being human. The CBC makes itself available to % of the Canadian population, full or in part, so everyone can benefit from its programming. All humans need to have a solid knowledge of their culture in order to have a properly developed sense of identity. The CBC provides a well-balanced service, accommodating special needs and uses primarily Canadian resources in order to preserve the culture of this country.


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Volatility of Investment

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Consumption (C), investment (I), government spending (G-T) and net export (X-I) are the major components of aggregate demand (Y). Economists have been particularly interested in the volatility of investment.


Both Fig.1and suggest that there is a general positive relationship between GDP and investment, more importantly, investment is much more volatile. E.g. in the 10-1 recession, investment spending declined more than 10 percent while consumption spending declined only 0.6 percent.


Before trying to explain the reason(s), one should understand the nature of investment. An economy¡¯s resources can either be consumed immediately, or added to the fixed capital stock in order to use at a later date. Investment is referred to as the production and purchase of capital goods, i.e. man-made means of productions such as machinery and factories. It is an important determinants of economic growth, thus its volatility matters a lot.


One of the common theories is the concept of ¡°accelerator¡± principle, which states that small changes in consumer spending can cause big percentage changes in investment. For example, it takes $1000 worth of equipment to manufacture $1000 worth of shoes each year, i.e. assume that the ratio of capital to output (v) remains constant, equals to 1. Suppose depreciation rate is 10%, i.e. annual investment is $100. Now suppose sales jump by 5% to $1050, in order to meet this new level of demand, investment has to increase to $150, i.e. increase by 50%. And the theory can be formulated as


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It = Kt - Kt-1 = v(Yt - Yt-1)1


However, one crucial assumption in this scenario is ¡°full¡± utilization of capital (K), against which many argued. Since if there is spare capacity then a rise in output (Yt - Yt-1) can be met with existing capital stock, without new investment. Also, v is assumed to be constant, which has become less and less plausible because of technological changes. And finally, firms¡¯ investment decisions take demand changes into account, especially when they are expected to be permanent.


Although accelerator principle does have loopholes, still it applied both to fixed investment and inventories, is one aspect of business-cycle theory that is still alive today. Afterall, investment is a small component of aggregate demand, but with significant effect on economic growth, therefore the volatility can still be partly explained here.


A more complicated approach links investment and AD through profit. Here the relations between investment and profit, also profit and GDP need to be explained.


Normally people consider expected profit to be a major determinants in firms¡¯ investment decisions, since, investment should not be carried out if the return in future at discounted value is less than the costs. However, there is also evidence to believe current profit plays an important role as well. In UK and many other countries, traditional method of financing investment has been through retained profit. Also, current profit may influence firms¡¯ expectations about future profit, and a fall in current profit could lead to a belief that they will remain low for some years to come. Many firms are risk averse and not always profitable, thus they may be unwilling and unable to borrow from external sources due to above reasons, and decide to cut back on investment until the economy picks up again.


As can be seen, there is a very close link between investment and current profit.


As for profit and GDP, profits have the status of being ¡°residual income¡±, by which it means that they constitute the surplus available from total income when all other production factors have been paid. Other factors such as wage and rent have priority of income generated, while profit simply takes whatever is left. During a recession, total revenue of companies fall in line, however, firms are committed to the payment according to contracts, thus profit has to absorb the fall in revenue. Whereas in a boom, profits absorb the total increase in revenue, i.e. rise more than proportionally, since the costs of other factors are relatively fixed.


Since profit is closely related to investment, and more volatile than the business cycle, it is reasonably to say that investment is more volatile. After calculating the two relations and put them together, empirical evidence supports the theory a 1% fall in GDP will produce a fall in investment of just less than %.


Investment is influenced by many other factors apart from current/expected demand and profit; expected interest rate is one of them, because this adversely affects expected profit level when discounting for present value of a project. High current interest rate discourage firms to borrow. Also price (current and expected) of the product which affects future revenue generated by investment.


To conclude, investment is volatile since it occupies relatively a small part of aggregate demand, minor impact of GDP can have much larger impact on investment. As can be seen, investment is interrelated to many other economic variables, and can be often affected.


Some suggest as industrial production shifts away from strongly cyclical industries such as manufacturing, where the investment is highly costly and is business¡¯ major concern, the strength of cycles in business fixed investment may weaken. ¡°This moderating process is also likely to be helped by the shift toward less durable investments requiring shorter planning and construction periods, such as computers.¡±


Please note that this sample paper on Volatility of Investment is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on Volatility of Investment, we are here to assist you. Your persuasive essay on Volatility of Investment will be written from scratch, so you do not have to worry about its originality.


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