Globalisation :: miscellaneous

Globalisation Globalisation is a term, which has invoked extensive academic debate over its impact and credibility, giving rise to a number of perspectives harboured by their respective scholars. Resulting from this division is a lack of universal acceptance towards a single definition beyond broad descriptions such as increased global interconnectedness.† Hence in order to gain an understanding of the phenomena it is necessary to distinguish between its two major forms, and the various agents involved. Nationalism In The Global VillageINTRODUCTIONWith the dawning of the information age there has been a shrinking of relative distances between people and places all over the world. With an increase in international communication comes an increase in cultural sharing. Cultures all over the planet reflect influences of neighboring cultures and other international trading partners. As these and many other factors work towards creating a global village many people are baffled by the increase in nationalism. Nationalism is a highly emotional phenomenon and as such is very unpredictable. Nationalism is far beyond its peak and the current rise is likely only an indicator of the transitional stage of globalization.GLOBAL VILLAGEToday it is common to here the term "global village" used in every day conversation. It is also common to here someone say, "What the hell is the global village?" The global village is the idea that the world and its people form an interconnected social whole, a village of common interests and concerns, linked by global communication, media, and rapid international transportation. The global village has emerged via the birth of the information age. Technological advances have continually stretched the bounds of our communication abilities and by using improving cellular phone technology or the Internet any individual can interact with another individual from a completely different culture. Since it is so easy and affordable to engage in these cross-cultural experiences, more and more people have been doing so. Cross-cultural exchanges often rise from or result in common interests or concerns developing. For example, international companies have a vested interest in the economies of the various countries in which they conduct business. The stronger the economies the better business will be. This is the sort of common interest and concern that the global village encompasses. All cultures are continually evolving and the information age has increased the ability of one culture to influence another culture. As all cultures begin to adopt features of other cultures the population of the planet begins to develop a homogenous culture.

House Hold Chores Essay

Children should not have to work or help with household tasks; their only responsibility should be to study Helping family with household tasks causes no harm to either adult members or children. On the other hand, housework enables children to learn a number of important life skills and to avoid social evils. After school time, children are able to assist their parents with simple household routines such as tidying their own rooms, cooking simple dishes &washing clothes. Such activities teach children essential knowledge and practical experience for their life. During a holiday cooking competition, the winners are the children who are used to doing household tasks in their families. Another example is involvement in daily chores providing children with numerous lessons learnt: time management, awareness of needs, limitations, responsibilities, encouragement them to recognize dos and don’ts. Requesting/ instructing a child to clean his or her dirty shoes after coming from school or to clear up the table after meal doesn’t mean demand him or her to do a hard business, but instead these need to be done. It is obvious that children attributed their knowledge and fundamental skills to housework aiding and implementing. Furthermore, social evils are completely avoidable by assigning housework to children in their free time. Idle children are an underlying cause of easily engaging in harmful activities such as: online games, violent games, fighting and even gambling without any consideration. In a family, simple responsibility allocations do not only maintain them occupied but also raise their consciousness. For instances, children spend most of their spare time taking care of flowers around their house leaving them no opportunities to involve in internet games instead educate them to appreciate and protect nature. The more homework assignments to children, the more knowledge they gain and the less social evils to be addressed. In conclusion, studying is necessary during childhood but participations in household tasks are not bad ideas. Parents give children household chore means giving them valuable chances to experience and protecting them from evils.

Singapore Company Law

SAMPLE ONLY MID-SEMESTER TEST COURSE:LAW2464 COMPANY LAW DATE:17/03/2012 TIME ALLOWED:1 hour 40 minutes (including 10mins reading time) QUESTION (Prospectus Topic) In July 2011, Ah Beng was at his accountant’s office to talk about taxation matters. Whilst there, his accountant gave him a prospectus issued by Ionic Ltd. , a company listed on the Singapore Stock Exchange, to take home to read and if interested, to follow the instructions about investing in new shares in the company which were to be quoted on the Exchange.After reading the prospectus, Ah Beng was convinced that he was going to make a lot of money investing in the company which had stated that it had discovered a huge gold deposit in Western Australia. The prospectus contained a report by a geologist which stated that the gold was near the surface and therefore, easily mined. The prospectus also contained estimations of the amount of profits which it could make based on the current high price of gold. (False and/o r Misleading Statements) Criminal Lability Under S253(Jail and/or fine company is liable if it is an entity. Directions are liable.Statements are materially adverse from viewpoint of investors including Ah Beng. Who else is liable? The Accountant? No advice or false or misleaeding statement. Did he act intentionally or recklessly? No. No Lability. Could Geologist be liable? Yes, as his a conman. Actions were intentional. S254 Civil Lability Directors liable any defences under s255 SFA? Any defences under s255 SFA? Reasonable reliance on geologist, reports is reliance here reasonable. He is a conman. Not reasonable. Inquries Defence, May fail. Geologist liable to compensate no defence. Accountant assuming he made statements.Yes, if not. No. Ah beng will receive compensation for his loss. ALTERNATIVE Misrepresentaton. False Statement Made during negotiation that induces one into contract Geologist is dishonest and fraudulent misrepresentation. Recession of contract of sale of shares a nd damages for the tort of deceit. After applying for the shares, Ah Beng was issued 50,000 shares at the price of $1. 00 per share in September 2011. In January 2012, the local newspaper published an article about the arrest of a geologist in Western Australia who was claiming discovery of mines which turned out to be non-existent.A week later, news broke out that the arrested conman was the geologist whose report was contained in the Ionic Ltd’s prospectus and there was actually a very small deposit of gold very deep in the ground which would make any mining a loss-making venture. The price of the shares in Ionic Ltd immediately plunged and trading in the shares had to be halted. Ah Beng has now come to you for advise as he has been informed that Ioninc Ltd shares are now worthless and that the company will soon be wound-up. REQUIRED:Can Ah Beng take action against any one or more persons with regard to his loss? Explain. (8 marks) QUESTION TWO Dinosaur Rocks Pte Ltd (Dinos aur Rocks) is a family company whose two shareholders and directors are Fred and his wife, Betty. They live in a house in Pasir Panjang owned by the company. The company owns a business of supplying rocks and sand to construction companies. In August 2011, Fred borrowed $1 million from U-O-Me Bank. The loan was secured by a mortgage charge over the Pasir Panjang property owned by Dinosaur Rocks.The loan was to be used by Fred for personal expenses. According to the articles of association, the mortgage/charge document was to be executed by way of affixing the common seal in the presence of two directors as witnesses. Fred signed the document as witness but he also forged Betty’s signature. By early January 2012, Fred had defaulted on his last two loan repayments. It has since emerged that Fred had skipped the country with the $1 million in October 2011 and is now purportedly living the high life in the Maldives.U-O-Me Bank has started proceedings to enforce the mortgage/charg e against the Pasir Panjang property owned by Dinosaur Rocks. Betty comes to you for advice. She is more distressed about losing the Pasir Panjang property than losing Fred and does not want to vacate the house which she will have to when the Bank sells the property. REQUIRED: Advise Betty as to whether the mortgage/charge is valid and enforceable against the company. (8 marks) QUESTION THREE (Separating of legal entity concept, Lifting of corporate veil and evasion of legal obligations, case GM v Horne, Jones V Lipman fraud.Re Darby. Solution is to lift the veil and consider Athena and Grecian as one. Each is liable for the acts of debts of the other. Athena is a hair-dresser. Two months ago, she agreed to sell all the hair-dressing machines and supplies in her salon in Bukit Timah to Hera as she was moving to a new business location in Orchard Road. The purchase price was to be paid three months later whereupon Athena would deliver all the goods to Hera. Athena was intending to bu y new machines and supplies for her new salon but a month ago, her application to obtain a bank loan was not approved.Needing equipment and supplies at the Orchard Road location, Athena registered a company called Grecian Pte Ltd (Grecian) with herself as the sole director and member last week. She immediately moved all the machines and supplies from her Bukit Timah salon to the new Orchard Road location of Grecian. Athena then told Hera the deal was off as she no longer owned the machines and supplies. Hera wants the machines and supplies as agreed under the contract as the machines are identical to the ones in her own salon. REQUIRED: Advise Hera. (6 marks) QUESTION FOURWhen incorporated in January 2010, the memorandum and articles of association of Coffee Addict Pte Ltd (Coffee Addict) contained the following clauses:- 1. The objects of the company is the import and supply coffee beans to retail outletsin Singapore; 2. 3. Gloria is to be employed as the sales manager of the compa ny for a period of five years at an annual salary of $100,000. In January 2012, Coffee Addict entered into a joint-venture agreement with Jean Ltd to build a row of ten shops in Clementi Road. Both parties are to inject $2 million each into the project.Also in January 2012, the Board of Directors of Coffee Addict resolved to terminate Gloria’s appointment as the sales manager. REQUIRED: a) Is the contract with Jeans Ltd a valid contract since it is contravenes the objects clause. Explain. (4 marks) b) Can Gloria prevent her removal as sales manager? Would it make any difference if she is also a shareholder? Explain. (4 marks) Total: 4 + 4 = 8 marks QUESTION FIVE Potterfied Ltd ( Potterfied) has its own set of articles which entitles preference shareholders to an annual dividend of ten cents per share.The Board of Directors of Potterfield wanted the articles amended so that the dividends are to be reduced to four cents per share and last week, persuaded more than half of the m embers to pass a resolution at a members’ meeting to the effect. The members were also told that there was nothing they could do as long as the majority of all shareholders agreed to the change. Harriet is a preference-shareholder who voted against the amendment to the articles at the members’ meeting last week. REQUIRED: Advise Harriet. Assupmtion that this variation of class rights affects all preferences shareholders rights to receive dividentds of 10cent per share, S74(1) applies. If 5% or more of shareholders dissent then can apply to court to stay the resolution to change the article until and unless the court confirms it, the change is ineffective. ) (6 marks) QUESTION SIX REQUIRED: Discuss the validity of the following statement: ’ The Privy Council in the case of Lee v Lee’s Air Farming Ltd did not apply the principle set out in Salomon v Salomon & Co Ltd. ’ (4 marks) *Separating entity was applied Singapore Company Law SAMPLE ONLY MID-SEMESTER TEST COURSE:LAW2464 COMPANY LAW DATE:17/03/2012 TIME ALLOWED:1 hour 40 minutes (including 10mins reading time) QUESTION (Prospectus Topic) In July 2011, Ah Beng was at his accountant’s office to talk about taxation matters. Whilst there, his accountant gave him a prospectus issued by Ionic Ltd. , a company listed on the Singapore Stock Exchange, to take home to read and if interested, to follow the instructions about investing in new shares in the company which were to be quoted on the Exchange.After reading the prospectus, Ah Beng was convinced that he was going to make a lot of money investing in the company which had stated that it had discovered a huge gold deposit in Western Australia. The prospectus contained a report by a geologist which stated that the gold was near the surface and therefore, easily mined. The prospectus also contained estimations of the amount of profits which it could make based on the current high price of gold. (False and/o r Misleading Statements) Criminal Lability Under S253(Jail and/or fine company is liable if it is an entity. Directions are liable.Statements are materially adverse from viewpoint of investors including Ah Beng. Who else is liable? The Accountant? No advice or false or misleaeding statement. Did he act intentionally or recklessly? No. No Lability. Could Geologist be liable? Yes, as his a conman. Actions were intentional. S254 Civil Lability Directors liable any defences under s255 SFA? Any defences under s255 SFA? Reasonable reliance on geologist, reports is reliance here reasonable. He is a conman. Not reasonable. Inquries Defence, May fail. Geologist liable to compensate no defence. Accountant assuming he made statements.Yes, if not. No. Ah beng will receive compensation for his loss. ALTERNATIVE Misrepresentaton. False Statement Made during negotiation that induces one into contract Geologist is dishonest and fraudulent misrepresentation. Recession of contract of sale of shares a nd damages for the tort of deceit. After applying for the shares, Ah Beng was issued 50,000 shares at the price of $1. 00 per share in September 2011. In January 2012, the local newspaper published an article about the arrest of a geologist in Western Australia who was claiming discovery of mines which turned out to be non-existent.A week later, news broke out that the arrested conman was the geologist whose report was contained in the Ionic Ltd’s prospectus and there was actually a very small deposit of gold very deep in the ground which would make any mining a loss-making venture. The price of the shares in Ionic Ltd immediately plunged and trading in the shares had to be halted. Ah Beng has now come to you for advise as he has been informed that Ioninc Ltd shares are now worthless and that the company will soon be wound-up. REQUIRED:Can Ah Beng take action against any one or more persons with regard to his loss? Explain. (8 marks) QUESTION TWO Dinosaur Rocks Pte Ltd (Dinos aur Rocks) is a family company whose two shareholders and directors are Fred and his wife, Betty. They live in a house in Pasir Panjang owned by the company. The company owns a business of supplying rocks and sand to construction companies. In August 2011, Fred borrowed $1 million from U-O-Me Bank. The loan was secured by a mortgage charge over the Pasir Panjang property owned by Dinosaur Rocks.The loan was to be used by Fred for personal expenses. According to the articles of association, the mortgage/charge document was to be executed by way of affixing the common seal in the presence of two directors as witnesses. Fred signed the document as witness but he also forged Betty’s signature. By early January 2012, Fred had defaulted on his last two loan repayments. It has since emerged that Fred had skipped the country with the $1 million in October 2011 and is now purportedly living the high life in the Maldives.U-O-Me Bank has started proceedings to enforce the mortgage/charg e against the Pasir Panjang property owned by Dinosaur Rocks. Betty comes to you for advice. She is more distressed about losing the Pasir Panjang property than losing Fred and does not want to vacate the house which she will have to when the Bank sells the property. REQUIRED: Advise Betty as to whether the mortgage/charge is valid and enforceable against the company. (8 marks) QUESTION THREE (Separating of legal entity concept, Lifting of corporate veil and evasion of legal obligations, case GM v Horne, Jones V Lipman fraud.Re Darby. Solution is to lift the veil and consider Athena and Grecian as one. Each is liable for the acts of debts of the other. Athena is a hair-dresser. Two months ago, she agreed to sell all the hair-dressing machines and supplies in her salon in Bukit Timah to Hera as she was moving to a new business location in Orchard Road. The purchase price was to be paid three months later whereupon Athena would deliver all the goods to Hera. Athena was intending to bu y new machines and supplies for her new salon but a month ago, her application to obtain a bank loan was not approved.Needing equipment and supplies at the Orchard Road location, Athena registered a company called Grecian Pte Ltd (Grecian) with herself as the sole director and member last week. She immediately moved all the machines and supplies from her Bukit Timah salon to the new Orchard Road location of Grecian. Athena then told Hera the deal was off as she no longer owned the machines and supplies. Hera wants the machines and supplies as agreed under the contract as the machines are identical to the ones in her own salon. REQUIRED: Advise Hera. (6 marks) QUESTION FOURWhen incorporated in January 2010, the memorandum and articles of association of Coffee Addict Pte Ltd (Coffee Addict) contained the following clauses:- 1. The objects of the company is the import and supply coffee beans to retail outletsin Singapore; 2. 3. Gloria is to be employed as the sales manager of the compa ny for a period of five years at an annual salary of $100,000. In January 2012, Coffee Addict entered into a joint-venture agreement with Jean Ltd to build a row of ten shops in Clementi Road. Both parties are to inject $2 million each into the project.Also in January 2012, the Board of Directors of Coffee Addict resolved to terminate Gloria’s appointment as the sales manager. REQUIRED: a) Is the contract with Jeans Ltd a valid contract since it is contravenes the objects clause. Explain. (4 marks) b) Can Gloria prevent her removal as sales manager? Would it make any difference if she is also a shareholder? Explain. (4 marks) Total: 4 + 4 = 8 marks QUESTION FIVE Potterfied Ltd ( Potterfied) has its own set of articles which entitles preference shareholders to an annual dividend of ten cents per share.The Board of Directors of Potterfield wanted the articles amended so that the dividends are to be reduced to four cents per share and last week, persuaded more than half of the m embers to pass a resolution at a members’ meeting to the effect. The members were also told that there was nothing they could do as long as the majority of all shareholders agreed to the change. Harriet is a preference-shareholder who voted against the amendment to the articles at the members’ meeting last week. REQUIRED: Advise Harriet. Assupmtion that this variation of class rights affects all preferences shareholders rights to receive dividentds of 10cent per share, S74(1) applies. If 5% or more of shareholders dissent then can apply to court to stay the resolution to change the article until and unless the court confirms it, the change is ineffective. ) (6 marks) QUESTION SIX REQUIRED: Discuss the validity of the following statement: ’ The Privy Council in the case of Lee v Lee’s Air Farming Ltd did not apply the principle set out in Salomon v Salomon & Co Ltd. ’ (4 marks) *Separating entity was applied

Become an Organ Donor

Become an Organ Donor Become an Organ DonorBy this time tomorrow, 16 people in America who are alive right now will be dead.Not because they were in a car accidentNot because they were gunned downNot because their time had comeNot even because they couldn't get to a hospitalThese folks will be dead simply because they couldn't be given a life saving organ transplant in timeMoney is not the issue..most insurance carriers provide coverage, and private and public organizations often pick up the parts not coveredNor is scarcity....there's lots of organs out there....Indeed there are literally millions of organs that could be made available to these transplant candidates.... but they have to come from donors.... and donors have to volunteer.... and the families of the donors have to agree with the donors' choice.Last year in the United States, there over 19,000 organ transplants performed. These organ transplants were made from 9845 donors, since many donors are able to donate multiple organs.Organ DonationNow , 19,000 transplants may seem like a lot, until you learn that there are currently over 83000 patients on the National Transplant Registry, awaiting transplants.I have two personal stories to relate regarding organ transplants:In 1986, my son was a junior in high school. One of his favorite teachers, who also happened to be personal friend of ours, was diagnosed with a fatal heart disease, for which there was no cure. His only hope was an organ transplant. He was in and out of the hospital for several weeks during that spring and summer, and unfortunately he died while waiting for a donor heart. That heart never came.Five years later, we found out that my sister's husband, who had received a tainted blood transfusion over 15 years ago, had contracted a liver...

Gummy Bear Osmosis Lab Report Essay Example

Gummy Bear Osmosis Lab Report Essay Example Gummy Bear Osmosis Lab Report Paper Gummy Bear Osmosis Lab Report Paper Tiffany Parker Mr Taylor Biology 6th period 2/12/15 Gummy Bear Osmosis Lab Report Purpose: The purpose of this lab is to measure the amount of Osmosis in different types of solutions and to see how a cell would react in different types of solutions. Hypothesis: My hypothesis for this experiment is that the Gummy bear will absorb more of the plain tap and sugar water and the salt water will shrink the gummy Procedure: Materials- 3 clear cups, one spoon, 3 gummy bears, timer, tap water, salt, sugar, ruler, and beaker Fill one cup of tap water, one cup f tap water and salt, and one cup with tap water and sugar. Measure the 3 different gummies height, width and weight balance before putting them into the solutions. Put a different gummy bear in each of the solutions. Time for about 24 hours then remove each one with a spoon carefully. Now measure their height, width and weight balance again. Data Collection: BEFORE Salt water gummy Sugar water gummy Tap water gummy Height CM Width LLC Weight balance g AFTER 1. CM CM CM . CM 2. CM leg 3. G Representing Data: Conclusion: My data clearly shows the differences between the height, width, ND weight balance before and after the lab. Also that the salt water gummy height was the only one to decrease, while the Tap water gummy increased the most (CM). I think the Tap water increased the gummies size the most because its easier for the gummy bear to soak in plain tap water than sugar water because the gummy already has the sugars in it. : The salt water gummy shrunk because salt soaks up water and other substances. The sugar water gummy barley increased because I think the gummy already has sugar in it so I really just absorbed a bit of the water. I would like to point out not only did the gummy shrink in the salt water but I also was very sticky unlike the tap water which was a little slimy and the sugary water gummy felt a like sticky but not that bad. The Weight balance of the gummy bears can most accurately show you how the different solutions affect the gummy bear (cell) because the any substance can change the height and change the width yet it could still be the same weight yet if you look at the weight you can determine that the gummy bear (cell) if is a different height and width. In this lab diffusion can be taken place just as cells o, the gummy take in the solutions and eventually the solution will escape if not kept in solution. The lab is using the gummy bears to show how cells work because cells can take in more and less concentrated solutions just as gummy bears do but it leaves a different appearance depending on the solution. In conclusion my hypothesis was partly correct, the gummy did absorb more tap water and the salt water did decrease the size of the gummy but, the sugar water gummy did not increase as much I thought it would have, it absorbed very very little so it didnt change any appearance much at all.

Understanding food principle and preparation- study guide questions Essay

Understanding food principle and preparation- study guide questions - Essay Example Gelatinization denotes the process of breaking intermolecular bonds in a molecule to allow its hydrogen binding sites to form more hydrogen bonds with water molecules. The main factors that influence gelatinization are the amount of water used, the temperature of the water and the amount of the gelatin. When hot water is added directly to starch, their intermolecular hydrogen bonds are broken. As a result, new hydrogen bonds are formed between the individual molecules and water molecules thereby resulting into lumping. The fresh egg is spheroid with one of the edges slightly larger than the other. It has a cylindrical symmetry along the horizontal axis. The shell is thin and hard. When the egg deteriorates, the shell becomes thinner and slightly less firm. The formation of the gray-green discoloration in a cooked egg is due to the formation of ferrous sulfide at the point where the yolk and the egg white meet. It can be avoided by keeping the eggs in a single layer in the frying

How has the debt problem in Europe envolved Essay

How has the debt problem in Europe envolved - Essay Example The EU market was lending to Ireland, Greece and Portugal at a rate that was at par with the one offered to Germany in 2008. The assumption at this point in time being that the Euro could never at any one given point break up and as a result, each and every country within the region was taken to be as safe as Germany- which had been considered to be the safest. For a very long time, Germany benefitted from the Euro zone crisis. The country had very low interest rates that made it even easier for the government to borrow more, thus creating a demand for more personal loans. The European Commercial Bank (ECB) even purchased German government bonds. Germany was seen to be the safe haven in European economics. Interest rates in the country had been going down since the start of the first symptoms of the crisis (Broyer, Peterson and Schneider 2012, p.2). . This was a part crisis how had the country performed before? Was it over heating? If no why? Following this assumption, Greece did acc umulate almost 145% of its gross domestic product (GDP) as gross debt, a figure that was by far beyond what the country was capable of producing within a period of about one year and six months. As the crisis was progressing into its third year, it was not clear whether or not it would culminate in bringing to an end the straightening out or further accelerate the continent’s six-decade progress toward slow but sure confederacy, as Europe staggered between the currency’s (Euro) break up and the measurably stouter measures that would pave way for tighter political and fiscal bonds (Ernst & Young 2012, p.1). The move towards a single economic region, as adopted by the European Union in the unveiling of the Euro currency is informed by the optimum currency area theory. Presented by Robert Mundell, the theory outlines the features of a new currency developed after several currencies have merged. It deals with the currency of a region as opposed to that of a country; a part icular region, larger than a particular country has to share a currency (Mundell 1961, pp. 658). In essence, the theory seeks to set out the maximum number of currencies that can be used in one particular region. The theory has enabled the close study of the many economic features that are key pillars in monetary unions. What does the theory say should happen? In spring 2010, Greece was not in a position of borrowing on the open markets at reasonably priced interest rates; a bailout package amounting to 110 billion Euros was devised by the European Union, International Monetary Fund and the European Central Bank. As an act of pay back Greece was required to cut down on its public spending by a quantifiable amount. In May 2010, the European countries’ government leaders made an approval of a contingency fund totalling to 500 billion Euros for the Union at large. In November 2010, Ireland did wrack a banking crisis after the collapse of a housing bubble and was in receipt of a bailout amounting to 6 billion Euros. Portugal, on her side, received 78 billion Euros as a result of a long-term economic laggard (Wharton 2012,