Laws of Supply and Demand - 1244 Words

Microeconomics and the Laws of Supply and DemandECO/365October 13, 2014Professor CoulibalyComedian P.J. O’Rourke said it best when he said, â€Å"microeconomics concerns things that economists are specifically wrong about, while macroeconomics concerns things economists are wrong about generally. Or to be more technical, microeconomics is about money you don’t have, and macroeconomics is about money the government is out of† (Beggs, 2014). On a serious note however, macroeconomics and microeconomics are different from each other yet both play a crucial role. The Atlantis simulation gave a great example of the two important aspects of economics, microeconomics and macroeconomics. This simulation showed different scenarios and situations of†¦show more content†¦Their immediate response was to lower the rent and in doing so they raised the demand rate because it added to consumers desire to move into apartments with lower rental costs. As the demand for the lower rental costs rises, the vacancy rate or the supply decreased. As the number of available apartments increases, the supply curve shifts right. As the rental rate increases, the supply also increases. By leasing all 2,500 apartments, the rental rate will be pushed to $1,500. The demand curve begins to shift down as the rental rate and supply of apartments increase. If Goodlife increases their rental rate to the $1,500, the demand for the apartments will decrease. To reach the equilibrium Goodlife must decrease the rental rate to $1,050 and in so doing the number of demanded units and the number of supplied units will be equal. In applying this to my workplace, supply and demand is based on the number of students brought into the system every other week. Most times we expect to get six to eight new students every fourteen days. If that number goes up we have to order more goods to take care of the increase. On the other hand if that number decreases we have to order fewer goods. Also, with fewer students we need fewer staff to take care of those students. In microeconomics, the market supply and demand rely on competitors and prices. Market equilibrium is one of the most important concepts in the study of economics. â€Å"Market equilibrium is a market state where theShow MoreRelatedThe Law Of Supply And Demand880 Words   |  4 PagesThe law of supply and demand describes how prices will vary based on the balance between the supply of a product and the demand for that product (Wikipedia, 2005). If there is a balance between the supply, (the availability of the product), and the demand, (how much product the consumers want), then the price for the product would be considered good. If there is an imbalance, the price will change. According to Adam Smith, the invisible hand is a self-adjusting force in the market that corrects theRead MoreThe Law Of Supply And Demand980 Words   |  4 Pages What is the law of supply and demand? They are theories explaining an interaction between the supply of a source and a demand for that resource. The law of supply and demand defines the availability of a particular product and the demand for that product has on the price. If there is a lower supply and a higher demand, the price will be high, but the greater the supply and lower the demand, the lower the price will be for the product. This is an environment where buyers and sellers interact to exchangeRead MoreThe Law of Supply and Demand1829 Words   |  8 PagesA market is an environment where buyers and sellers interact to exchange goods, the price for which are determined by both the supply and demand for them. ‘A market uses prices to reconcile decisions about consumption and production’. ¹ The supply/demand model helps to explain how the market works and gives a greater understanding of actual market behaviour. Therefore, analysis of this concept can be used to develop economic and business decisions and policies. The purpose of this assignment isRead MoreEconomics, The Law Of Supply And Demand1553 Words   |  7 PagesIn economics, the law of supply and demand is a fundamental tool of economic analysis used to study issues as diverse as inflation and unemployment, the effects of taxes on prices, government regulation of business, and environmental protection. In order to show how prices and quantities are determined in free markets, economists must refer to supply and demand curves. Every market consists of both buyers and sellers. For without buyers and sellers an economy would not be able to function and inRead MoreMicroeconomics And The Laws Of Supply And Demand Essay937 Words   |  4 Pages Microeconomics and the Laws of Supply and Demand Microeconomics and the Law of Demand as reviewed in the Khan Academy videos are a simple enlightening of the business cycle. The descriptive teaching and evolving facts of real life cause and effects in the cycle of business production and supply are an exquisite piece of material. The concepts relation to microeconomics are demand, markets cost and price, they are listed in true relation to the area’s they occupy in analysis of the mathematical formulaRead MoreLaws Of Supply And Demand In Economics1164 Words   |  5 Pageselevates in price just the beginning of a rise in gasoline prices until repairs are consummated or a replication to price gouging? For some economics this remains to be unseen. The laws of supply and demand have yet to assert themselves in the hardest hit areas of Florida and Texas. This ties directly into the laws of demand. Let’s use produce as an example. A rudimentary consumer has been culled and is shown an appealing exhibit of heads of lettuce. If the price of lettuce were zero, the consumerRead MoreMicroeconomics And The Laws Of Supply And Demand900 Words   |  4 PagesMicroeconomics and the Laws of Supply and Demand There are a diversity of aspects that can sway changes in supply and demand. These aspects include price increases or reductions. An instance is a nominal reduction in an asking rental price can result in a significant growth in necessity for houses. To a similar effect, an growth in the rental cost of two-roomed apartments consequentially resulted in a reduction in the demand of houses by a material measure. Providers were willing to supply more houses atRead MoreEffect Of The Law Of Supply And Demand1798 Words   |  8 PagesThe effect of the law of supply and demand is clearly demonstrated in the news article titled â€Å"Gas prices go below $3† (Isidore, 2014) which is closely related to the article â€Å"Oil prices are plunging. Don t cheer yet† (Egan, 2014). We begin by analysing the supply of gasoline, which has been increased by several supply shifters. One of the factors is the increase in capacity of existing oil refineries, which produce petroleum (EIA, 2013 ). Another aspect is the improvements of refining technologiesRead MoreThe Law of Supply and Demand Questionnaire1718 Words   |  7 PagesQuestion 1. a. Draw the total supply and demand curves for apartments in this city, and show the equilibrium and quantity traded. Equilibrium = 430 x 130 Quantity traded = 560 apartments at  £130 000. b. Calculate the price elasticity of demand for apartments at the equilibrium price. PED = 7.5% (Change in quantity demanded) / 8.3% (Change in price) = 0.8. c. Outline the factors that are likely to determine the price elasticity of demand for apartments in practice. 1. The percentage of incomeRead MoreMicroeconomics and the Laws of Supply and Demand Essay703 Words   |  3 Pagesï » ¿ Microeconomics and the Laws of Supply and Demand ECO/365 Principles of Microeconomics August 18, 2014 Sam Pirnazar Microeconomics and the Laws of Supply and Demand Abstract The objective of the laws and the supply and demand simulation is to apply the supply and demand concepts to provide a better understanding on how to use the curves in order to figure out the equilibrium in the market for leasing two bedroom apartments. The simulation

Essay on The Makings of a Killer The Story of Henry Lee...

Oliver Stone once stated, â€Å"The line between thinking murder and committing murder is very thin† (Murder Quotes). While the line is thin, many have crossed it and have done so to such an extent they have been labeled as a serial killer. A serial killer is defined as one who carries out a series of murders over an extended period of time. One of the names that rise to the top of the list is none other than Henry Lee Lucas. Lucas was notorious for his series of rape and murders both alone and with his partner in crime: Ottis Toole. While Lucas spent most of his life in and out of jail for being linked to murders, he would continually be released for lack of evidence or good behavior. After finally being convicted and sentenced for life, Lucas†¦show more content†¦However, soon after beginning Anderson began to consume more than he sold. Meanwhile, Henry’s mother moved her lover and pimp, a man named Bernie, into the family home who also began to abuse Henry. On top of the abuse, his mother would force her boys to observe her having sex with a succession of strangers while providing absolutely no physical or emotional nurturing. One of the many factors that helped mold Lucas into who he became was his mother’s belief that the sole purpose of her children was to do her bidding. While his mother was abusive, Lucas’ disabled father gave the young boy what little comfort he could, but was generally as brutalized as his son. As Lucas got older, his mother’s sadistic nature took a turn for the worse. She would inexplicably force Henry into girls’ clothing, curling his hair, and dressing him in makeup to send him to school where he would suffer mockery from his schoolmates. On multiple occasions, teachers would attempt to intervene; however, Viola would make it clear that she would raise Lucas her own way. Therefore, life would go on for Henry Lucas and would be regularly beaten by his abusive mother, which eventuall y became so brutal he lost sight in one of his eyes. As Lucas moved into his teen years, he became known as a prolific burglar and spent a good deal of time in prisons and detention centers (Henry Lee Lucas†¦). While in these facilities, it was noted that Henry would participate in sexual activities with otherShow MoreRelatedDo Bad Parents Create Mass Murderers? Essay1488 Words   |  6 Pages the incidence of serial killers had increased at a steady rate. Names such as Charles Manson, John Wayne Gacy, Ted Bundy and Myra Hindley strike fear and horror into the hearts of normal people who cannot comprehend the subhuman actions of such violent people. Arguments still continue as to what drives these people to kill. Many believe that bad parenting and traumatic childhood experiences are a major factor in creating a serial killer, while others believe they Read MoreA serial killer is someone who murders two or more individuals at different times. For example, if1100 Words   |  5 PagesA serial killer is someone who murders two or more individuals at different times. For example, if a man murders a prostitute on the day of Easter, murders another on mother’s day, and then another on Memorial Day, then he would be classified as a serial killer. Types of serial killers The Medical Killer This type of killer is very rare. This killer feels they have a clear alibi because they are in the medical occupation. Therefore whenever people in the hospitals pass away, it does not necessarilyRead MoreThe Mind of Monsters1390 Words   |  6 Pagesis a fictional serial killer from Showtime’s series â€Å"Dexter†, but the writers and actors have portrayed a real life serial killer. Manuel Prado is the real Dexter Morgan. Prado was a Miami cop who started with smaller crime and worked his way up to becoming a serial killer. †Prosecutor David Waksman told the Miami Herald: He was very cold. He was doing robberies and went home and slept like a baby. He was proud of what he did.† (International, 2012) Real life serial killers do not have any empathyRead MoreBullying And What Affects It Has On A Person Being Bullied1436 Words   |  6 Pagesvictim is left with no self worth, they start to believe everything the bully is saying is true, and it leads them to depression. The verbal abuse from a bully can leave a person feeling small because of the rumors spread by the bully and by the bully making fun of them to others. Physical abuse can lead to being hospitalized for being beaten up, will make you feel scared to be alone, and it can also make you paranoid like everyone is out to get you. Lastly, with Cyber bullying, a bully can attack a personRead MoreSerial Killers Nature Versus Nurture1843 Words   |  8 PagesSerial Killers Nature versus Nurture Serial killers can be born pure with the same mindset as any other baby in the world, their upbringing in the world makes all the difference of who they will become in the near future. Although many people believe serial killers are born, it is their environment that shapes them into who they will become when they grow into adults. Serial killings can be described as two or more murders committed as separate events, usually by one offender acting alone over aRead MoreThe Birth of Heroes and the Rise of Filipino Nationalism12139 Words   |  49 PagesNationalism By Richard Rivera The middle 18th century in the Philippines was a period of perpetual destabilization. The islands are slowly being reconfigured—both physically and in socio-economic terms. On the surface, geophysical forces are making physical transformations, complimenting the deeper and more serious reconstruction happening within the colonial society. A new socio-economic class composed of Chinese mestizos and Indio professionals is emerging, and starting to dominate bothRead MoreOrganisational Theory230255 Words   |  922 Pagesengages in an imaginative way with a wealth of organizational concepts and theories as well as provides insightful examples from the practical world of organizations. The authors’ sound scholarship and transparent style of writing set the book apart, making it an ingenious read which invites reflexivity, criticalness and plurality of opinion from the audience. This is a book that will become a classic in organization studies. Mihaela L. Kelemen, Professor of Management Studies, Keele University, UK AnRead MoreDeveloping Management Skills404131 Words   |  1617 PagesOthers 323 Managing Conflict 373 PART III GROUP SKILLS 438 8 Empowering and Delegating 439 9 Building Effective Teams and Teamwork 489 10 Leading Positive Change 533 PART IV SPECIFIC COMMUNICATION SKILLS 590 591 Supplement A Making Oral and Written Presentations Supplement B Conducting Interviews 619 Supplement C Conducting Meetings 651 Appendix I Glossary 673 Appendix II References 683 Name Index 705 Subject Index 709 Combined Index 713 iii This page intentionally leftRead MoreProject Managment Case Studies214937 Words   |  860 Pagessenior staff will participate and provide direction and leadership in formulating an integrated manufacturing strategy that is both technology- and human-resources-driven. The final result should be an integrated project plan that will: Push decision making down Trust the decision of peers and people in each organization Eliminate committee decisions Emphasis should be on communications that will build and convey ownership in the organization and a we approach to surfacing issues and solving problemsRead MoreAutobilography of Zlatan Ibrahimovic116934 Words   |  468 Pagesfocus, and I talked to the other players. No one understood what was going on. I asked Thierry Henry, who was on the bench during this time. Thierry Henry is the top scorer in the history of the French national team. He s cool. He was still amazing, and he was also having problems with Guardiola. He doesn t greet me. He doesn t look me in the eyes, what has happened? I asked. No idea, Henry said. We started joking about it. Hey, Zlatan, has he looked at you today? No, but I saw his

Building a Better Society free essay sample

Larry also thinks that we need foreign police officers to bring some level of impartiality and motivation to our law enforcement agencies. I dont see the need for foreign police officers, Is there something wrong with Bohemians that they are Incapable of impartial enforcement and Justice? There Is nothing wrong with getting advice from foreigners as he uses an example of British experts training police in Trinidad to counter criminal gangs that are terrorizing local communities. But to place foreign workers in positions that Bohemians can handle is not needed.This only helps inflate the employment rate even more. Firstly employment is one of the factors of social breakdown, doing so will only limit Jobs to younger people Interested in pursuing this lied. According to Larry Smith, Justice refers to the way we process those who break the rules. He states that a single budget exercise could resolve most of the bottlenecks In our courtrooms and prisons within a year. We will write a custom essay sample on Building a Better Society or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This is true that problems In the court and prison system could be fixed but within a year Is not the case. This takes time and probably years to correct.If this statement Larry stated was correct then everything today would be running smoothly In the court and prison system. Larry also argues that we either need bigger prison or new jails and more prison officers to keep criminals locked up. There should be more than two prisons built to hold these criminals but in some instances the size of prisons has nothing to do with criminals being free. It goes beyond that dealing with the justice system where bail is allow to someone that has not been convicted of the crime even if they are guilty. So this allows a killer or any other person who has committed a crime to be free. Larry presents a plan to how we can afford all these things by creating a special crime tax or sell Bahamas. None of this is needed, other ideas can be implemented. Lastly Larry argues that solicitation covers all things that produce new entrants to our society- the family, home life, schooling, moral codes and work. These are all factors that affect a childs behavior and what they may be Like In the future.Larry states that this requires long-term Investment In education, family counseling and social health programmer. This is very true because from we enter the world our parents try to which is also another long process which has three or four stages: preschool, primary school, high school and lastly college. We are never officially done with education, we learn throughout life. Larry states that one thing is clear about young people in the Bahamas today they are growing up in a culture of violence that did not exist in our day. Yes this is a fact, times are different.He then goes on to say all that is needed is the leadership to move the nation in the right direction and implement the required solutions. Leadership is not all that is needed to move the nation, it can solve some of the problems but not all. Firstly problems arise in the homes with young people and how they were discipline. For example some teens grow up without father fugues in their life or abusive parents which affect their behavior. If you research the aground of youths committing these crimes they have either experienced educational failure or family breakdown.So the leadership should not only be considered, parents play a big role in the outcome of the upcoming generation. If we fix the problems that arises in the homes then there would be lesser young criminals, instead they would be focus on their goals determined to choose the right path. We do not fix the problems occurring in the areas of solicitation, enforcement and justice our younger generation will become extinct. They will either be dead or behind bars if we do not come up solutions to end social breakdown.

Research in International Business and Finance

Question: Discuss about the Research in International Business and Finance. Answer: Introduction: Interest is an indivisible piece of present financial exercises and it is additionally the principle reason of vacillation and obstacles in monetary improvement as a result of loan fee cash is considered as item instead of medium of trade and it makes unequal dissemination of riches inside the general public as centralization of cash stays in few hands henceforth rich ends up noticeably wealthiest and poor ends up noticeably poorer. On the off chance that we characterize loan fee then it is the measure of cash that bank gets or borrower pays in abundance of genuine cash or we can state it cost of capital.(Trinugroho, 2014) Bank Negara Malaysia (BNM) chose to keep the Overnight Policy Rate unaltered at 3.00% at its 23 November money related arrangement meeting, as broadly expected by market examiners. The statutory hold prerequisite (SRR) was likewise left unaltered at 3.50%. (Amin, 2013) The choice to hold the Overnight Policy Rate unaltered recommends that the Central Bank is more stressed over supporting the ringgit than boosting Malaysia's drowsy economy. The ringgit is Asia's most exceedingly terrible performing cash since Trump's astounding triumph in the U.S. presidential racesit has fallen over 5% from that point forward. With respect to ringgit, the Bank expressed in its public statement that it will keep on providing liquidity to guarantee the precise working of the outside trade showcase. Regarding the household economy, Bank Negara considers that private utilization will keep on being the key driver of development, as the administration is relied upon to actualize measures to lift extra cash. In the interim, send out development ought to stay repressed given the dull request from Malaysia's key exchanging accomplices and, generally speaking, money related specialists assess the economy to develop inside desires in 2016, and to proceed on an enduring development way one year from now. (Miyajima, 2014) Bank Negara finished up its official statement by expressing that, "the level of money related accommodativeness is reliable with the arrangement position to guarantee that the household economy proceeds on an unfaltering development way in the midst of stable swelling, upheld by proceeded with sound monetary intermediation in the economy." Meanwhile, the Bank ventures expansion to be at the lower end of the anticipated scope of 2.0%-2.5% and it anticipates that it will remain moderately stable in 2017. (Cevik, 2015) The board of financial investigators we studied during the current month's Consensus Forecast expect the money related approach rate to end this year at 2.90%. Our board anticipates that the approach rate will remain essentially unaltered at 2.89% before the finish of 2017.(Shamsuddin, 2014) The main two dangers the full scale monetary condition and dangers of sharp changes in loan fees are like these Asia Pacific domains. All inclusive, the finish of quantitative facilitating, the uncertain sovereign obligation circumstance and vulnerability about conditions in developing markets, for example, China remains a worry. Then again, the vulnerability on how banks and borrowers could adapt to an ascent in financing costs on the residential front could trigger a flood of terrible advances, particularly in family unit obligations, bringing about higher non-performing advances or debilitated advances proportion. The expansion in family obligation is likewise an outcome of rising property costs on the back of financial jolt measures like the presentation of GST and in addition the climb in the overnight approach rate (OPR). The overview additionally uncovered that Malaysian financiers are more apprehensive about the business' future contrasted with their worldwide partners. Be that as it may, Malaysian brokers are likewise moderately all around arranged to confront these dangers. "Customarily, Malaysian financiers have dependably been mindful about the hazard standpoint of the business, which clarifies the generally abnormal state of tension among Malaysian banks contrasted with different nations all inclusive". "A few elements add to this abnormal state of uneasiness expanded rivalry, increasing expenses of working together and consistence (the 3Cs). Be that as it may, this assumption of reasonability and self-control, together with Bank Negara's support in overseeing and managing the money related market may well help Malaysian investors to feel more arranged to manage the dangers distinguished." (Ismail, 2014) As a key exchanging accomplice of China, Malaysia's exchange parities is at the danger of being affected contrarily by falling ware costs, because of the financial stoppage in China. "Banks are venturing up their endeavors on hazard administration and administration, and putting resources into ability". "These are initial needs in tending to these outside market weights, which are an integral part of dealing with the inexorably complex money related scene, and creating feasible development and upper hand." (Hammoudeh, 2016) Drawing in and holding ability is naturally a key worry among Malaysian financiers, reflecting Asia Pacific needs. Curiously, Asia Pacific is the main locale that saw ability as a main ten issue. For the developing economies, ability is a key focused differentiator, subsequently fabricating a solid ability pipeline remains a diligent test. Other key worries in Malaysia nature of hazard administration and subordinates are likewise firmly connected to the issue of ability. Banks need to ponder "incapable" hazard chiefs who need impact and expert, notwithstanding the issue of losing basic ability to different districts. There is likewise the worry about the tenacious quest for new and fascinating items like subsidiaries. Chance administration groups are relied upon to "get up to speed" with the most recent advancements in the capital market as the dangers related with subsidiary items can be high. (Van Leuvensteijn, 2013) Unmistakably, staying existing conditions is impossible for banks. The test is for banks to consider which pose they wish to embrace to prevail in the commercial center, in connection to the administrative circumstance, the bank's present market position, its desires for the future and its capacities. Fluctuations of Interest Rate Fluctuations in loan fees may adversely affect the matter of our Banks. Our Banks' fundamental wellspring of pay from operations is net premium wage, which is equivalent to the distinction between the premium salary got on enthusiasm bearing resources (normally credits and speculation securities) and the premium cost brought about regarding enthusiasm bearing liabilities (typically stores and borrowings)(Tang, 2015). These rates are profoundly delicate to many components outside our ability to control, including general financial conditions, both local and remote, and the money related and monetary arrangements of different administrative and administrative experts. Our Banks' net premium wage can be influenced fundamentally by changes in market loan costs. Changes in relative loan fees may diminish our Banks' net premium salary as the distinction between premium pay and premium cost diminishes. Thus, our Banks have embraced resource and obligation administration strategies to limit the potential antagonistic impacts of changes in financing costs on net premium pay, fundamentally by adjusting the blend and development of advances, ventures and subsidizing sources. Nonetheless, even with these strategies set up, an adjustment in loan costs can affect our aftereffects of operations or monetary condition. (Ibrahim, 2014) An expansion in financing costs could likewise negatively affect our Banks' consequences of operations by decreasing the capacity of borrowers to reimburse their present advance commitments, which couldn't just outcome in expanded credit defaults, abandonments and discounts, additionally require additionally increments to the Banks' recompenses for advance misfortunes. Increments in financing costs, in specific conditions, may likewise prompt large amounts of advance prepayments, which may likewise adverse effect the net intrigue wage.(Papadamou, 2015) Consequences on Treasury Operations Introduction to loan fee hazard can prompt a decrease in future money streams, make liquidity issues and even debilitate the very presence of an organization. Due to the globalization of the budgetary markets, this has been a developing issue for organizations to manage. As specified some time recently, late outside stuns and new bookkeeping directions put heavier request on organizations. With a specific end goal to decrease these dangers and to keep away from undesirable variances in salary, organizations should hence gauge and oversee them. The issue begins from the traditional hypothesis of Asset-Liability Management (ALM), i.e. the hazard that emerges because of a confuse amongst resources and liabilities of the organization. Loan fee hazard is one of the themes in ALM and emerges because of the befuddle in financing cost levels of benefits and liabilities which prompts distinctive and capricious money streams. (Cerutti, 2014) The treasury office is the focal point of monetary operations inside an organization. Its motivation is to give monetary and treasury benefits inside the organization, and to deal with its property and liquidity, including money related hazard administration. Cases of dangers oversaw by the treasury office are liquidity chance, outside trade chance, financing cost chance, product hazard and credit chance. Little organizations more often than not out-source such administrations to outer banks, while it can be valuable for greater organizations to run its own area of expertise for such administrations. Treasury divisions can be viewed as an interior bank for the organization bunch. In this way, speculations with respect to budgetary organizations can be connected to treasury divisions. A significant contrast between treasury offices and standard banks is that they are not controlled a similar way, and banks are under more noteworthy supervision. (Jomo, 2016) The GDP development rate in all nations plunged, with created nations, for example, the US, Germany, and France enlisting negative development in 2009. At the same time, unemployment rate, which achieved a five year high of 5.9% in the US amid 2008, took off to more than 9.4% by 2009. Also, the US enrolled negative expansion (flattening) of 0.3% in 2009(Tsen Wong, 2013). These were the main considerations constraining the US government to cut loan fees to push monetary development, goad spending, decrease unemployment rate, and keep expansion at a sensible level. (Erge, 2013) Low loan costs demonstrate gainful to moneylenders for a limited ability to focus time, given the higher loaning action. Nonetheless, the store rates are diminished at a much slower rate, as the banks attempt to draw in more contributors, to exploit the high loaning action, subsequently bringing about lower net premium edge. This shrank the net premium edges (NIM) for banks in the US from around 4.0% in 2008 to around 3.2% in 2013. Nations, for example, Saudi Arabia and Qatar that have their monetary forms pegged against the USD are straightforwardly affected by the adjustments in financing costs in light of the fact that these nations have extremely constrained alternatives and need to change loan fees couple with the US to keep up the cash peg. Thusly, the NIM in Saudi Arabia declined from 3.3% in 2008 to around 2.7% in 2013. The adjustments in the US loan costs don't affect the rising economies (monetary standards are not pegged to the USD) specifically, but rather it impacts in a roundabout way through capital markets. As the loan fees in the US and other created economies diminish, financial specialists looking for higher returns move to the developing markets. Besides, the NIM in various nations did not exhibit any immediate connection because of different variables, for example, rivalry among banks, diverse plans of action for banks, and extent of premium pay to the aggregate wage earned by banks.(Malik, 2014) Strategies to safeguard their assets, liabilities, earnings and shareholder value A bank's net premium edge the distinction between the rate that it pays on stores and the rate that it gets on its benefits (credits and securities) is a component of loan fee affectability and the volume and blend of advantages and liabilities. To the degree that a bank gets here and now and loans long haul, it has a confound that it needs to address through rebuilding of advantages and liabilities or utilizing subsidiaries (swaps, swap choices, alternatives and prospects) to fulfill the requirement.(Abdullah, 2015) Conclusion Macroeconomic variables decide the progressions in repo rate, however instabilities in the economy, at a specific point in time has the most noteworthy impact in foreseeing the progressions in repo rate. Besides, loan fee (repo rate) changes positively affect the benefit (net premium edge) of business banks in Malaysia. Thirdly, little business banks really encounter increment in benefit (net premium edge) both completely and with respect to huge banks in times of rising loan fees. This demonstrates there is a positive connection between financing cost and banks show expanding gainfulness with rising loan cost.(Mazlan, 2016) Fourthly, financing cost changes essentially increment the total assets of business banks in Malaysia, however this impact was opposite and not any more critical when estimation was done independently on of all shapes and sizes banks. In any case, macroeconomic variables (swelling, cash supply, and vulnerability) separately took care of don't essentially influenc e the benefit of business banks. Be that as it may, swelling and vulnerability altogether increment the total assets of the little business banks in Malaysia. This implies Malaysian banks (particularly the little ones) could concentrate on estimating and supporting the macroeconomic components that decide financing costs as opposed to the concentrating on loan fees themselves. At last, liquidity proportion has the most noteworthy impact on banks' net premium edge and total assets with respect to the next bank-particular (interior) components References List Abdullah, A., Bakar, M. J. A. (2015). The application of gold price, interest rates and inflation expectations in capital markets.International Journal of Economics and Finance,7(2), 293. Amin, H., Abdul-Rahman, A. R., Abdul-Razak, D. (2013). An integrative approach for understanding Islamic home financing adoption in Malaysia.International Journal of Bank Marketing,31(7), 544-573. Cerutti, E., Claessens, S., Ratnovski, L. (2014).Global liquidity and drivers of cross-border bank flows(No. 14-69). International Monetary Fund. Cevik, S., Charap, J. (2015). The behavior of conventional and Islamic bank deposit returns in Malaysia and Turkey.International Journal of Economics and Financial Issues,5(1), 111. Erge, E. H., Arslan, B. G. (2013). Impact of interest rates on Islamic and conventional banks: the case of Turkey.Applied Economics,45(17), 2381-2388. Hammoudeh, S., Kim, W. J., Sarafrazi, S. (2016). Sources of fluctuations in Islamic, US, EU, and Asia equity markets: the roles of economic uncertainty, interest rates, and stock indexes.Emerging Markets Finance and Trade,52(5), 1195-1209. Ibrahim, M. H., Law, S. H. (2014). House prices and bank credits in Malaysia: An aggregate and disaggregate analysis.Habitat International,42, 111-120. Ismail, S., Azmi, F., Thurasamy, R. (2014). Selection criteria for Islamic home financing in Malaysia.International Journal of Business and Society,15(1), 97. Jomo, K. S. (2016).Growth and structural change in the Malaysian economy. Springer. Malik, M. F., Khan, S., Khan, M. I., Khan, F. (2014). Interest rate and its effect on Banks profitability.Journal of Applied Environmental and Biological Sciences,4, 225-229. Mazlan, N. F., Ahmad, N., Jaafar, N. (2016). Bank Fragility and Its Determinants: Evidence from Malaysian Commercial Banks. InProceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014)(pp. 547-555). Springer Singapore. Miyajima, K., Mohanty, M. S., Yetman, J. (2014). Spillovers of US unconventional monetary policy to Asia: the role of long-term interest rates. Papadamou, S., Sidiropoulos, M., Spyromitros, E. (2015). Central bank transparency and the interest rate channel: Evidence from emerging economies.Economic Modelling,48, 167-174. Shamsuddin, A. (2014). Are Dow Jones Islamic equity indices exposed to interest rate risk?.Economic Modelling,39, 273-281. Tang, T. C., Tan, P. P. (2015). Real interest rate and house prices in Malaysia: An empirical study.Economics Bulletin,35(1), 270-275. Trinugroho, I., Agusman, A., Tarazi, A. (2014). Why have bank interest margins been so high in Indonesia since the 1997/1998 financial crisis?.Research in International Business and Finance,32, 139-158. Tsen Wong, H. (2013). Real exchange rate misalignment and economic growth in Malaysia.Journal of Economic Studies,40(3), 298-313. Van Leuvensteijn, M., Srensen, C. K., Bikker, J. A., Van Rixtel, A. A. (2013). Impact of bank competition on the interest rate pass-through in the euro area.Applied Economics,45(11), 1359-1380.

AP Lit Terms (Allegory- Didactic) Flashcard

AP Lit Terms (Allegory- Didactic)

Character Analysis on the Acts of King Arthur and His Noble Knights by John Steinbeck Essay Example

Book Report/Character Analysis on the Acts of King Arthur and His Noble Knights by John Steinbeck Essay Example Book Report/Character Analysis on the Acts of King Arthur and His Noble Knights by John Steinbeck Paper Book Report/Character Analysis on the Acts of King Arthur and His Noble Knights by John Steinbeck Paper Essay Topic: In Love and Trouble Stories of Black Women Sir Gawain and the Green Knight The Book Of the City Of Ladies - The Acts of King Arthur and His - Noble Knights - - By John Steinbeck - Part One: Plot The first section of the book is entitled Merlin. The story begins by telling how Arthur came to be born and then flows into the life of Arthur. When Arthur is in his earlier years, God brings about a sword driven into an anvil set in stone. The gold writing on the stone claims that only the person meant to be King of England by right of birth shall be able to pull it out of the stone’s death grip. Many knights try to pull the sword from the stone, but all end up with nothing but tired hands. One day Arthur rides over to the divine sword with the intention of delivering it to his brother. Arthur walks up, grasps the sword by the handle, and easily and fiercely draws it from the anvil and the stone. Shortly after that Arthur is declared the King of England. Many people are jealous and doubt his right to rule, but there are also many who are happy for the young fellow. With the help of Merlin, Arthur grows up to be a magnificent king, righting wrongs and restoring peace to his kingdom. Some form of war is always occurring, and through Merlin’s guidance and prophesy Arthur is able to win many battles and become a highly respected king throughout the land. It is also in this first section that the ideas and rules of chivalry and knighthood are established; honor is very important to every knight, along with showing mercy when it is asked for and fighting for the rights of all ladies. It is clear that there is no central form of law enforcement during the time of King Arthur. Each knight can kill another knight with no fear of punishment as long as the death is the result of an agreed joust or sword fight. Later in the story Arthur realizes that a central government will eventually be necessary, but he does not think twice upon the matter. Towards the earlier period of Arthur’s rule, Merlin takes Arthur to the Lady of the Lake. She gives Arthur a sword, Excalibur, along with a magical scabbard that protects the wearer from any loss of blood. In return, Arthur must agree to grant her a favor which she will ask of him at a future date. Arthur agrees and takes his new possessions back to Camelot. Shortly after, Merlin prophesizes that Arthur’s son, Mordred, will grow up to destroy Arthur. Upon hearing of this, Arthur ships baby Mordred out to sea, unaware that the boat would wash back to shore and that Mordred would be cared for and raised by a man and his wife. The second section is entitled The Knight With Two Swords. A damsel comes into King Arthur’s court bearing a noble sword, claiming only the most brave and honorable of a man can take it from her grasp. She also requires that the man be of noble blood and of good repute. Arthur, along with many other great and honorable knights, attempt but fail to take it from her hold. Sir Balin, who had been held prisoner for six months, asked for a try at the sword. He is poorly dressed, and she is reluctant to let him try. Sir Balin draws the sword effortlessly and all around him are astonished. The damsel asks for the sword back, but Balin refuses, saying he will not give it up until someone takes it from him by force. She says that if he keeps it, Balin will use it to kill his best friend and the man he loves most in the world. Balin asks permission of the King to leave, and although Arthur does not approve of Balin’s choice, he grants him his request, only asking that he not be gone for too long. The Lady of the Lake shows up to Arthur’s court just before Balin leaves. She reminds Arthur of the favor he promised her in the past. Arthur hasn’t forgotten and tells her to go ahead and ask her favor. The Lady of the Lake asks for the heads of Balin and the damsel who brought the sword. Arthur refuses the request, thinking it atrocious. At this point Balin remembers that the Lady of the Lake killed his mother three years prior. Balin then makes his way over to the Lady of the Lake and cuts her head off with his sword. Arthur is disgusted with Balin’s rash act and banishes him from the court. Determined to prove himself, Balin sets off to kill Arthur’s enemy at the time, Lord Royns. Along the journey, Balin meets up with his brother, Balan. Together they are able to capture Lord Royns and send him back to Camelot as a prisoner. Along their journey Balin unintentionally causes the death of many, just as the damsel had foretold. The brothers eventually end up going separate ways and later reunite in a most unfortunate fashion. The two are forced to fight one another, although until they have both fatally wounded one another, neither one knew that they were brothers. They are considered two of the best knights in history. The third section of the book is entitled The Wedding of King Arthur. At this point in the story, Arthur gets married to a fine lady by the name of Guinevere. Merlin predicts Guinevere will be unfaithful to him with his dearest and most trusted friend. Arthur brushes off Merlin’s predictions, thinking them to surely be a mistake. Around the time of the wedding, Arthur comes to possess the Round Table, around which 150 of the world’s greatest knights shall someday sit. One hundred superb knights are given as a gift along with the Round Table, and Arthur knows he must fill the remaining fifty spots with his own choice of knights. While the festivities are taking place, a white stag bounds in and causes a great disruption. One knight also comes and takes a dog away from the court, and another man comes and takes away an unwilling lady. Arthur sends Sir Gawain after the stag, Sir Torre to retrieve the dog, and Sir Pellinore to seek out the lady and bring her back. Sir Gawain sets out on the chase for the stag, fighting numerous knights along the way, and eventually kills the stag. During one of his battles with another knight, Gawain slays an innocent lady. Upon returning to Camelot and telling of his quest, Guinevere commands Gawain to serve and defend ladies for all his life as a punishment for his crime. Sir Torre sets out on his quest and is immediately confronted by a dwarf, who demands that Sir Torre to fight a certain two knights before proceeding. Sir Torre defeats them both and sends them back to be Arthur’s prisoners. After a bit of questioning, Sir Torre learns that the dwarf can lead him to the whereabouts of the missing dog. Stealing the dog from a sleeping lady, Sir Torre ventures back towards Camelot. Before he can make it home, however, a knight appears claiming to be of service of the lady whose dog was stolen in her sleep. Sir Torre kills him and returns to Camelot. Arthur is pleased with Sir Torre and rewards him with an earldom of lands and a place of honor in the court. Sir Pellinore sets out after the lady, and shortly after arrives at a damsel holding a wounded knight in her arms. He considers helping them, but then decides against it, for it is not on the mission agenda. Shortly after he passes them, the damsel slays herself in despair of the death of her knight. Within a short while Pellinore comes across two knights fighting for the lady. He kills one of them and leaves the other alive, for mercy was asked of Pellinore. Sir Pellinore picks up the lady and together they ride back towards Camelot. Eventually they come to the place where the damsel and the wounded knight once sat, only to discover that their bodies- save their heads- had been torn to pieces by wild beasts. Pellinore is deeply hurt by what he sees and immediately rides back to tell Arthur and Guinevere of the awful doings. Upon hearing Pellinore’s story, the King and Queen are not happy in the least. Merlin reveals that the girl left to die was Pellinore’s own daughter, and the knight was a good man. Merlin also prophesizes that Pellinore’s best friend will fail him in time of greatest need. And so ends the wedding of King Arthur. The fourth section of the book is entitled The Death of Merlin. Merlin foresees how his death will be and realizes it to be a foolish way to die- a death caused by the lady Sir Pellinore brought back from his quest, Nyneve. King Arthur does not understand why Merlin does not choose to evade this certain death. Merlin explains by saying that between wisdom and feeling, wisdom never wins. Day after day Merlin follows Nyneve around, trading her company for knowledge of his magic. The only thing Nyneve asked of Merlin was that he not use magic to make her love him; Merlin agrees, thus sealing his fate. Over time Merlin teaches Nyneve much of his magic and she becomes quite powerful. It comes to a point where Nyneve tires of Merlin panting after her, begging to lie with her. In a valiant last effort to win her affection, Merlin creates a room of unbelievable wonders under a great rock cliff. Upon its completion, Merlin beckons Nyneve to come inside and look around, but instead she casts an unbreakable spell, locking him in the room forevermore. The fifth section of the book is entitled Morgan le Fay. Morgan le Fay is King Arthur’s half-sister. She is gorgeous, cruel, loves no one, and takes pleasure in destroying others’ lives. Because she hates Arthur and is jealous of his crown, she intricately plans his murder. Her plan begins by her making a sword and scabbard exactly like Arthur’s own and then replacing his real sword and scabbard with the fake ones. She plans to use Accolon, one of Arthur’s knights enchanted by Morgan’s dark magic, to kill Arthur. One day Arthur and a few of his knights chase a stag for many miles, eventually losing sight of it. Only Arthur, Accolon, and Morgan’s husband, Uryens, have been able to stay close behind the stag. The three seek shelter for rest. Looking out upon the river, they see a ship and decide to board it. Upon doing so, a ring of torches ignite around them and twelve lovely damsels appear. Feasting for hours, the three eventually fall into a deep sleep. Uryens wakes up back in Camelot next to his wife, Morgan le Fay. Arthur wakes in a dungeon with twenty other captive knights. Accolon wakes up on the edge of a well, realizing he’s been under an enchantment of Arthur’s half-sister. Right then a dwarf loyal to Morgan appears and puts Accolon back under the enchantment. Accolon receives the real Excalibur and magic scabbard from the dwarf and is told that he must fight Arthur tomorrow and bring his head back to Morgan le Fay. Arthur is told that in order to escape prison he must on behalf of the lord holding him captive. The next day Accolon and Arthur fight. During the battle Arthur becomes aware that his sword is faulty and his scabbard not working. He also sees that the knight he is fighting possesses the real Excalibur and scabbard. Eventually getting the real Excalibur and scabbard back in his possession and defeats his opponent. He learns shortly after that his opponent is actually from his own court, and Sir Accolon begs Arthur’s forgiveness explaining that he was under the enchantment of Morgan le Fay. Arthur forgives Accolon, but is furious with his half-sister. Shortly after the battle, Accolon dies of a head wound and Arthur orders him shipped back to Morgan as a present for her kindness. Meanwhile, thinking Arthur to be dead, Morgan attempts to kill her husband in his sleep, but her son Elwain stops her before she can do so. When she is caught in the act, she pretends that she was under a spell and asks Ewain’s forgiveness. In the morning she leaves Camelot in search of Arthur; and when she finds him sleeping, she steals his magic scabbard and takes off on her horse. Arthur wakes, learns what has happened, and sets off in pursuit of her. When Arthur is about to catch her, she turns herself and her followers in stones so that Arthur cannot find them. Morgan later orders a message delivered to Arthur saying that he should live in fear of her, but truthfully Morgan le Fay feared Arthur. The sixth section of the book is entitled Gawain, Ewain, and Marhalt. Arthur is now very cautious of those associated with Morgan le Fay, and thus asks Uryens to prove his loyalty by banshing his son, Ewain, from Camelot. Until Ewain has proved himself on a quest, Arthur will not allow him back in his presence. Meanwhile, Morgan sends Arthur a cloak, though not like any typical cloak. This one was luxurious beyond measure, incorporating many fine jewels and vibrant colors. It is delivered to Arthur by a damsel, and upon hearing who the cloak is from, Arthur asks the damsel to put it on herself. When she does so, her skin turns black and she falls to the ground heaving in convulsions while the corrosive eats through her flesh and shrivels her. Gawain, Ewain’s friend and cousin, accompanies Ewain on his quest and the two soon after meet up with a knight named Marhalt. As a trio they continue on their questing. One day, he three come across three ladies waiting in the woods. The ladies explain that each knight shall have one of them as company on their quests to come, and in a year’s time the knights will return to this very point in the forest to tell of their adventures. Gawain selects the youngest damsel who is in her teenage years, Marhalt selects the middle age lady who is of thirty years, and Ewain selects the oldest lady who is of sixty years. While questing, the young damsel becomes rather sick of Gawain. Gawain constantly brags about himself, and the young damsel can think of nothing other than how much he annoys her. She eventually leaves him for a frog-faced dwarf and Gawain claims he is happy of her departure, for she was a chatterbox. Gawain soon after learns of knight named Sir Pelleas, who desires a lady he cannot have- much like the case of Merlin. Gawain offers to help him out by going and talking to Ettarde, the lady whom Pelleas most desires. Pelleas waits for two days while Gawain is away conversing with Ettarde, and then decides to go see what is taking so long. Pelleas ventures over to the castle in the middle of the night and discovers Gawain and Ettarde in bed together. He nearly kills them both in their sleep, but cannot bring himself to complete the act, for he has never done a horrid thing like that all his life. Nyneve, Merlin’s previous paramour, finds Pelleas emotionally distraught. She helps him by casting a spell on Ettarde so that she may feel the longing for Pelleas that he felt for her. The spell also ensures that Pelleas will despise Ettarde just has s he despised him. Nyneve agrees to stay with Pelleas until he finds his true love, and in doing so the two live happily together all their lives. Marhalt has a much different questing experience. His lady thinks him to be very charming, for Marhalt is very talented and aware of his fighting prowess, but does not boast about it. Along his quest Marhalt defeats many knights and wins a tournament. Towards the end of his quest, his lady takes him to the young Earl Fergus who is in need of help killing a giant. Marhalt reluctantly kills the giant, for he knows the giant is but an oversized man with a child’s mind. The treasure Marhalt receives as a prize prompts him to stay at Earl Fergus’ castle for a long while with his lady. Eventually Marhalt and his lady grow apart, each not liking the changes they see in one another. She leaves Marhalt for a young knight, and Marhalt returns to the place where the three knights were scheduled to meet at the end of the year. Ewain experiences the best quest of the three knights. He explain to his lady, by the name of Lyne, that he picked her because he was young and inexperienced and that her wisdom would do him good. Lyne reveals that she had hoped he would pick her, for she wanted to mold him into a true knight. Lyne also reveals that she knows more about the art of being a knight than any other person in the land. It was her life dream to be the greatest knight that ever lived, but her gender prohibited her from doing so. Instead, she fulfills her dream by training other knights to be the best knights in the land. For ten months she trains Ewain to become a true knight. Although he began very weak and unskilled, at the end of the ten months Ewain is strong, fit, and ready to fight the fiercest competitor. Lyne then takes him to a tournament where Ewain defeats all knights who challenge him. Soon after she informs him that a lady called the Lady of the Rock is fearing that her castle will be taken over by her two corrupt brothers. Ewain battles the two brothers, defeating them, and restoring peace to the castle and land of the Lady of the Rock. In return, the Lady of the Rock offers Ewain the chance to live with her and rule over the castle and her land for all time. Ewain knows it to be a great offer, but declines for he wishes to tell of his quest back at Camelot. At the end of the year, Gawain, Ewain, and Marhalt meet up and ride back to Camelot together to tell of their magnificent adventures. The seventh and final part of the story is entitled The Noble Tale of Sir Lancelot of the Lake. Lancelot is the best known knight in the world, for no one can defeat him. He loves his queen, Guinevere, more than anyone, although not in a way to disrespect his king. Lancelot’s only love is his queen, along with the art of fighting. In Lancelot’s eyes, no other damsel can compare to Guinevere. Lancelot claims that one cannot be a great knight along with being a husband and father without being half qualified at each. Peace has finally come to Camelot, all wars have come to an end, and no new war even peeks over the horizon. As much joy as Arthur thought peace would bring, he finds it actually destroys his kingdom more so than war itself does. His knights grow weary from lack of fighting, and the spirit of everyone seems to fall with every moment there is not a quest or battle to take part in. Arthur does not like this strange phenomenaa, so he sends Lancelot and Lancelot’s nephew, Lyonel, out on a quest to solve all the little problems of the land. Figuring that if he can eventually encourage more of his knights to uptake these seemingly unimportant tasks, Arthur hopes they might feel like they are contributing something larger than themselves, and then the spirit of knighthood and merry making could return to all of Camelot. Along their quest, Lyonel and Lancelot stop to rest under an apple tree. While they are sleeping, a knight by the name of Sir Tarquin rides towards them. Lyonel wakes up at the sound of Sir Tarqin’s approaching, but Lancelot remains fast asleep. Seizing this opportunity to prove his talent to Lancelot, Lyonel hurries off to prepare to fight Sir Tarquin while Lancelot remains sleeping. Sir Tarquin is a great and powerful knight and not one to be fooled with. Upon Lyonel’s request to joust he is amused that such a young boy should even attempt to dismount such a knight as himself. Sir Lyonel and Sir Tarquin ride hard and fast toward one another, and the blow Lyonel delivers upon Sir Tarquin spins him all the way around, nearly knocking him off his horse. Impressed by the boys skill and luck, Sir Tarquin offers to make peace with the boy to avoid truly hurting him. Lyonel refuses, demanding that Sir Tarquin yield or fight. At this the two men joust again, but this time Lyonel ends up badly wounded. Sir Tarquin takes Lyonel back to his home as prisoner along with many other knights. Learning that Sir Tarquin’s main goal is to kill Lancelot, Lyonel now wishes he had not left Lancelot sleeping and undefended under the apple tree. Lancelot slept and slept until Morgan le Fay and three other women of dark magic stumbled upon him lying under the apple. When Morgan arrived at his side, she put him under a deep sleeping enchantment, and when Arthur woke up he was in a dark, dank dungeon. The four witches soon after appeared and explained to him that they have everything in the world but the world’s greatest knight. Each takes her turn offering to fulfill Lancelot’s deepest desires in many different ways. Lancelot says he will have nothing to do with any one of them, and the four leave the dungeon in rage. Later that night, the damsel who brings him food helps him to escape the dungeon and together they find freedom from the witches’ lair. Upon hearing of Lyonel’s poor fortune, Lancelot rushes back to the house of Sir Tarquin to rescue his nephew. A great battle between Lancelot and Sir Tarquin then ensues, resulting in the death of Lancelot’s foe. Freeing all the knights previously held captive, Lancelot meets up with Sir Kay, King Arthur’s right hand man all his life. Sir Kay claims he is falling apart as a man and a knight due to the stressful job of being the accountant for all of Camelot’s goods and belongings. In an effort to bring back the reputation of Sir Kay, Lancelot takes Sir Kay’s armor and rides back to Camelot, jousting all who dare cross his path. Surely enough, Sir Kay’s reputation begins to build as a fierce knight. When the real Sir Kay rides to Camelot wearing Arthur’s armor, no one dares challenge him. Eventually the people of the land start to figure out what is going on. Finally, both men arrive at the castle and go their separate ways. King Arthur requests to meet with Lancelot up in his quarters, accompanied by Guinevere. Guinevere leaves the room upon Arthur’s request, and Lancelot wishes the king a good night. As Guinevere is walking out of the room, Lancelot feels a part of him leave with her. When Arthur finally dismisses Lancelot, Lancelot walks down the stairs, is beckoned by Guinevere into her room: â€Å"Their bodies locked together as though a trap had sprung. Their mouths met and each devoured the other. Each frantic heartbeat at the walls of ribs trying to get to the other until their breaths burst out and Lancelot, dizzied, found the door and blundered down the stairs. And he was weeping bitterly† (Steinbeck 293). And so concludes The Acts of King Arthur and His Noble Knights. Part Two: Character Analysis Lancelot is a great yet torn man. He lives and breathes to be the greatest knight in the world, yet he does not truly know of love. The love he has for Guinevere is all he knows, but he obviously cannot have her as his own for she is married to King Arthur: â€Å"’It is well known, and so secret,’ said Lancelot. ‘I love the queen. And I will serve her all my days, and I have permanently challenged any qualified knights who may say she is not the fairest and most virtuous lady in all the world. And may she have only honor and joy from my love, as I have sworn’† (Steinbeck 219). When Lancelot was a child, Merlin prophesized Lancelot’s future greatness. Although it has come true, Lancelot does not wish others to think he did not have to work for such a title as the greatest knight in the world. Lancelot wants others to be aware that greatness must be earned, and is not something merely stumbled upon. One thing Lancelot does not understand is treachery, for he has none within himself. Treachery was the thing that could cause Lancelot to be blindly cruel, for cruelty is caused- in Lancelot’s mind- by fear of the unknown. In one case Lancelot stumbles across a man ready to slay his wife. The lady asks for the help and protection of Lancelot, to hich he agrees. The husband claims he is sorry and will not hurt his wife, but as Lancelot is riding away the husband cuts his wife’s head from her body: â€Å"Then, because this was foreign and frightening to him, rage overcame Lancelot, who was ordinarily a cool, calm man. He drew his sword and his face was black with ferocity and his eyes vindictive as the eyes of a snake†¦Then Lancelot, sick with disgust and sickened by his own rage, broke free and leaned against a tree, trembling and feverish. The lady’s head, dirty and blood-splashed, grinned at him from the road where it had fallen† (Steinbeck 279). Part Three: Author Biography John Ernst Steinbeck was an American author who lived from 1902 to 1968 (Infotrac 1). He was born in Salinas, California and died of heart disease in New York, New York (Infotrac 1). Stanford University was where Steinbeck worked toward his degree, from 1919 to 1925 (Infotrac 1). John Steinbeck had a few more marriages than most, getting married three times throughout the course of his life (Infotrac 1). During his life Steinbeck had many different jobs, from a fruit-picker, an apprentice painter, laboratory assistant, reporter, and writer to name a few (Infotrac 1). While World War II was taking place Steinbeck served as a special writer for the U. S. Army Air Forces (Infotrac 1). He wrote a large number of plays, novels, short stories, and screen plays, many of which were later heralded as classics throughout the country (Infotrac 2-6). As a young child, a version of the Caxton Morte d’Arthur by Thomas Malory captivated Steinbeck (Steinbeck xi-xii). He loved the old spellings of words, and to see words written in the story that were no longer used in his time (Steinbeck xi-xii). This story was his place of escape from the outside world as well as a place of solace (Steinbeck xi-xii). Steinbeck found many resemblances between his own life and the life of the characters in the story, which was one of the many reasons he felt drawn to the book all his life (Steinbeck xii-xiii). It was a part of him, and his love for it spawned him to write his own version of the great story: â€Å"For a long time I have wanted to bring to present-day usage the stories of King Arthur and the Knights of the Round Table. These stories are alive even in those of us who have not read them. And, in our day, we are perhaps impatient with old words and the stately rhythms of Malory. My own first and continuing enchantment with these things is not generally shared. I wanted to set them down in plain present-day speech for my own young sons, and for other sons not so young- to set the stories down in meaning as they were written, leaving out nothing and adding nothing- perhaps to compete with the moving pictures, the comic-strip travesties which are the only available source for those children and others of today who are impatient with the difficulties of Malory’s spelling and use of archaic words. If I can do this and keep the wonder the magic, I shall be pleased and gratified† (Steinbeck xiii). Part Four: Critique Throughout The Acts of King Arthur and His Noble Knights, there are paragraphs taken from the writings of Malory. Like Steinbeck, I found the style of writing quite captivating. There were words that I had never heard of before, along with many strange spellings of words commonly used today. For example, â€Å"Now leve we thes knyghtes presoners, and speke we of sir Lancelot de Lake that lyeth undir the appil-tre slepynge† (Steinbeck 226). I find that as humans, we have an undeniable attraction to the things of times before us. This old form of the English language, when compared to the standards of today, has a unique refreshing and charming flow to it that we don’t typically associate with the language of today. I was not able to find any professional critique on this particular story, at least in the form of a book. Many of the critiques of his works I’ve seen are of his more famous stories like Grapes of Wrath or Of Mice and Men. On the back cover of The Acts of King Arthur and His Noble Knights, John Gardner of The New York Times Book Review acclaims, â€Å"[Steinbeck] embellishes Malory’s spare legend with a richness of detail that transforms the vision, makes it no one but Steinbeck’s. † Although I have not read Malory’s writings, I can understand why Gardner notes the great detail Steinbeck incorporated into the story. Steinbeck’s words work together to help the reader form a vivid picture of the story: â€Å"The morning was kind to battle. The first blackbirds of spring responded to the sun and warmed their song in the bushes that edged the moat, and the meadow grass was golden green†¦Young Ewain was early awake, edging his sword, grinding the head of his black spear to an immaculate point, and last, he anointed his armor with clarified fat and rubbed it gently into every moving piece with his fingertips† (Steinbeck 198). Although the customs of knighthood are beaten into the reader throughout the entire book, I didn’t tire of it all that much. With every new section of the story came a new adventure. I very much enjoyed how the book was written such that one understands the inner thoughts of many different characters. Learning how the evil Morgan le Fay thought while scheming against King Arthur, or seeing into the noble yet troubled mind of Sir Lancelot proved a great way to bring the reader into the story. This story helps the reader get a glimpse into what life was like back in the times of knights, perhaps minus the dragons and magic. By the end of the book, I had learned a great deal about chivalry and the importance of it to knights. Also, I learned many of the customs that knights and common people partook in during the time, from feasting to tournaments, or striving hard to maintain one’s honor in the world. Steinbeck’s choice to rewrite Malory’s and others’ works into a more reader-friendly version was a smart and magnificent decision indeed. This book read just like any other book one might find on the list of most popular novels today. Also, the characters in this story experience near the same type of feelings of trouble, heartache, success, honor, and despise that every person experiences in the world of today. Overall, I would recommend the book to anyone interested in reading an intricate story, or just wanting to cast their imagination into the magical and adventure-filled times of King Arthur and his knights. Part Five: Bibliography John Ernst Steinbeck. 2004. Contemporary Authors Online, Gale. Infotrac. March 6, 2009. http://infotrac. galegroup. com/itw/infomark/726/80/59379379w16/purl=rcl_CA_0_H1000094705dyn=4! ar_fmtbkm_4_1? sw_aep=boon19847 Steinbeck, John. The Acts of King Arthur and His Noble Knights. U. S. A: Farrar, Straus, and Giroux, 1976: 364 pages. Boone High School Library, Boone, IA. Feb. 9, 2009.

Genetically Modified Organisms Essay Example | Topics and Well Written Essays - 1000 words

Genetically Modified Organisms - Essay Example An organism that has been subjected to such genetic manipulation is referred to as a genetically modified organism. Genetic modification involves the altering of the DNA code in a cell that is artificially grown in a laboratory before being reinserted into the same organism or an unrelated organism. The totality of genetic information that is present within the DNA of an organism is called genome, and this information is coded in such a way that it can be understood by all other living species. According to this coding system, four nucleotides are required to provide instructions to a cell on how it is to make any protein. (Steinbrecher, 1998). Nucleotides are DNA units whose names are listed as letters – A, C, G and T. The arrangement of these in three letter words is equivalent to the code for specific amino acids. Within each gene, there are also regulatory elements which function as flags to control gene activity. Each gene also has an information block, which prevents gene activity from moving in an unusual direction. As a result, gene regulation is specific to the context of its environment.(Steinbrecher, 1998). The process of genetically modifying an organism, which transports a gene from one organism into another, must also provide a means to circumvent the information block with cells of each organism, in order to provide recognizable flags or control sequences, which the other organism will recognize and accept. This is accomplished through the use of viruses, which are able to integrate their own DNA information into a host cell and cause it to multiply. This occurs due to the presence of powerful promoters in the viral cells that force the host cell to read viral genes and produce viral proteins, thereby producing construct or combined genes that can be used to produce desired changes in an organism (Steinbrecher, 1998). One of the most common examples of genetically modified organisms are crops such as pest resistant