Tuesday, August 6, 2019
Changes in Nursing Essay Example for Free
Changes in Nursing Essay Nursing Passed Down Through the Generations Everyone has probably noticed all of the changes in technology in the last fifty years. Now there are cell phones, tablets, home computers, and so much more. All of these devices are often used every day by all kinds of people in all different professions. People use cell phones to call their bosses and other people around the world for business. Some people use computers all day every day for bookkeeping, journaling and various other jobs. Many people in the medical field use computers, cellphones, and so many other kinds of technology every day, especially nurses. Technology is not the only advancement or change in nursing, there has also been changes in medications, uniforms, racial and gender roles, schooling, and other areas. Nurses can take better care of their patients due to the advancements of medicine and technology in the last fifty years. New machines and computers are always invented that help nurses do their job better. According to Charlene Boyle, a retired nurse, in her interview stated while she worked they had to write all of the patientsââ¬â¢ information down and papers and information got lost or accidentally thrown away. In her last few years working the hospitals and doctorââ¬â¢s offices started to get computers in all the hospitals and she said it was a huge change. She said that the computers helped keep the information more organized and easier to find (Boyle Interview). In the article by Julie Blanche called Nursing 50 Years Back and Today: How the Nursing Field Has Changed over the Last 50 Years, she says, ââ¬Å"Nurses also benefited from wireless technology, as they were able to bring their laptop computers into the patient rooms so they could perform other functions, such as admissions work, while keeping an eye on the patientsâ⬠(Blanche 2). Technology did not only help nurses keep track of patient information, machines and other devices were created to help nurses better treat patients with health issues. Technology helps nurses perform jobs faster and with fewer errors. Fifty years ago doctors and nurses started using the ultrasound machines on pregnant women. Now it is typical for all women to get an ultrasound. According to The History of Insulin Pumps by Elliot Bethke, insulin pumps were invented in 1963 and they were so big it was basically a backpack diabetics had to wear around. Now they are small and most people wouldnââ¬â¢t even notice it if someone was wearing oneà (Bethke 1). According to Julie Blanche in Nursing 50 Years Back and Today: How the Nursing Field Has Changed over the Last 50 Years, hospitals made an effort to make it easier for nurses to do their jobs well. The hospitals paid for new bedside technology, including an automated medication-administration system and wireless computers. The medication-administration check requires bar codes for medication, nurses and patients, ensuring that nurses will make fewer errors. With a simple scan, nurses learn if the medication matches the patient and the physicians order (Blanche 1) . The advancements in technology helps nurses to keep track of patientsââ¬â¢ information as well as allowing them to treat the patients in more effective ways. In order to learn about all of the changing technology, the schooling that nurses were required to take was also changed. There has also been many changes in schooling for a nurse. Charlene Boyle, a retired nurse, stated that by her senior year she was running the floor along with the other seniors in her class. She also said ââ¬Å"I had to go to school for three years with one month off a year. Currently to be a Registered Nurse or RN, you have to go to school for four years with your summers offâ⬠(Boyle Interview). In A History of American Nursing: Trends and Eras by Deborah Judd, Kathleen Sitzman, and Megan Davis state until the 1960s, most nurses were diploma nurses, nurses who only had their high school diploma, and their education was provided by a hospital or hospital school, not a college or university. Judd , Sitzman, and Davis also state ââ¬Å"Nursing has debated two questions related to education for almost 50 years. First, what should the entry level of education be for practice as a registered nurse ââ¬â associate or baccalaureate? Secondly, should all nurses be required to participate in continuing education as a part of active or inactive practice?â⬠(Judd, Davis, and Sitzman 187). The book by Davis, Judd, and Sitzman included a survey asking nurses what level of education they have received. According to the survey, 34% of the nurses interviewed have received their associateââ¬â¢s degree, 31% have their baccalaureates degree, 10% have earned their masterââ¬â¢s degree or PhD, 16 % have their associateââ¬â¢s degree and are working towards their baccalaureates degree, and 3% are diploma nurses (Judd, Davis, and Sitzman 190). Just as schooling and technology has been improved so have the uniforms that nurses are required to wear. When someone says the word nurse most people invision a woman in a white suit with a red cross on her hat,à but that is not what modern day nurses w ear. Uniform is another major change in the last 50 years. According to Julie Blanche in Nursing 50 Years Back and Today: How the Nursing Field Has Changed over the Last 50 Years, the nurseââ¬â¢s uniforms 50 years ago were the typical white, starch outfits. ââ¬Å"In the 1960s, nurses still wore dresses and stocking as their uniformsâ⬠¦ The uniforms also take a turn in the direction of more fashionable than in the past. Some of the more modern touches include belts and feminine cuffs. Donââ¬â¢t forget the hat that was an essential part of the nurseââ¬â¢s uniformâ⬠(Blanche 1). Blanche also explained the modern-day uniforms, ââ¬Å"During the 1990s and today, nursing dresses have been replaced with much more user friendly scrub suits. Scrub suits can be found in a wide variety of colors and styles. Some hospitals have specific scrub suit colors for different types of hospital staff and others allow nurses and other staff to choose colors and styles that appeal to th em.â⬠(Blanche 1). Since the uniform has changed that also means that the places where nurses work must have also evolved. The hospitals, doctorââ¬â¢s offices and wherever else a nurse might work were all changing. The hospitals and offices were getting new technology and better prepared nurses. Along with better prepared nurses comes a higher pay and more complex jobs for the nurses to complete. Charlene Boyle, a retired nurse, stated in her interview that when she was a nurse, the job was definitely a lot simpler than it is now. Now it is more complex. She also talked about her average pay as a nurse. She started out getting $400 to $500 a month but by the time she retired she was getting $40 an hour (Boyle Interview). According to TheRichest website by TheRichest an average wage for a nurse today is about $28 an hour (TheRichest 1). The hours that nurses work have stayed the same. Charlene Boyle continued ââ¬Å"I worked eight hour shifts. Sometimes took a day shift from 7 a.m. to 3 p.m. or night shift from 7 p.m. to 3 a.m. This is what made me start drinking coffeeâ⬠(Boyle Interview). Changes in technology, schooling, uniforms, hours, and pay are not the only changes in nursing in the last fifty years, there have also been changes in gender and race. The role of a nurse fifty years ago was always a womanââ¬â¢s job. Normally men were the doctors. Charlene Boyle, in her interview recalled ââ¬Å"I had thirty-three people in my class. All of them were women and only one of them was Black all the rest of us were Caucasianâ⬠(Boyle). Fifty years ago the Civil Rights Movement was in itsà final years and some people were still against African-Americans, which is why it was very uncommon for an African-American to be a nurse. In modern times, men and African Americans are both nurses. Although it is still fairly uncommon to see a male nurse. The change in gender and race are big social changes. There have also been changes in where the role of nurses takes place. According to Judd, Sitzman, and Davis in A History of American Nursing: Trends and Eras nearly a century ago people cared for their family at home. From the beginning of the 20th century until now, hospitals have become part of everyday life. Hospitals have become places where moth ers bear their children, medical specialties achieve perfection, and new inventions were proved. It is also a place where nurses care for those who need to be cured as well as those who need relief from pain or suffering (Judd, Davis, and Sitzman 192). Before there were hospitals, mothers took the role of nurses. They took care of their children as well as they could with homemade remedies and other medical tips they had learned from their mothers. Now there are hospitals and doctor offices where people go in regularly for check-ups, illness, and injuries. We even have an emergency room where people in urgent need of medical attention go for help. Recently they have also come out with Quick Care offices, most are in Hy-Veeââ¬â¢s and patients can run in and it only takes about ten to twenty minutes for the doctors to diagnose the patientââ¬â¢s sickness. Then they prescribe medicine for the patients that they can fill right at the storeââ¬â¢s pharmacy. It makes going to the doctor a lot faster and cheaper. The prices for a doctorââ¬â¢s visit have also changed. According to Charlene Boyle, a retired nurse, in her interview she said that in the 1960ââ¬â¢s is cost about $5 to go to the doctor and today it can cost anywher e from $100 to $200 for one visit. It seems ridiculous (Boyle). Hospitals have made it easier for people to get treated for diseases and made it easier on parents to keep their children healthy. Although the prices for doctorââ¬â¢s visits went up, now there is insurance. Insurance helps people pay for visits to the hospital and to doctorââ¬â¢s offices. With all the changes in technology and medicine over the last fifty years, nurses have definitely been able to take better care of patients. The nurses are more prepared and they have more advanced technology to help their patients. Nursing is not the only branch in the medical field that has made advancements. Many more medical careers haveà made advancements. The medical field as a whole has improved and has become part of everyday life. Works Cited Bethke, Elliot. The History of Insulin Pumps. BIOE 414 Instrumentation Projects. The Board of Trustees at the University of Illinois, College of Engineering, 13 Dec. 2011. Web. 13 Oct. 2013. Blanche, Julie. ââ¬Å"Nursing 50 Years Back and Today: How the Nursing Field Has Changed Over the Last 50 Years.â⬠HeatheCareers Network. HealtheCareers, 2 Nov. 2010. Web. 15 Sept. 2013 Boyle, Charlene. Life as a Nurse. Telephone interview. 28 Sept. 2013. Judd, Deborah M., Kathleen Sitzman, and Megan Davis. A History of American Nursing: Trends and Eras. Sudbury, MA: Jones and Bartlett, 2010. Print. TheRichest. Registered Nurse Salary ââ¬â How Much Does Registered Nurses Make? Celebrity Net worth Richest People in the World Registered Nurse Salary How Much Does Registered Nurses Make Comments. Google+, 3 June 2012. Web. 14 Oct. 2013.
Monday, August 5, 2019
Porous Silicon p-type with Different Current Density
Porous Silicon p-type with Different Current Density Photoluminescence and Band Energy Gap For Porous Silicon p-type with Different Current Densityà and Different Etching Time 1Mohammed Jabbar Hussein, *1W. Mahmood Mat Yunus, 2Halimah Mohamed Kamari 3Josephine Liew Ying Chyl, Abstract Photoluminescence (PL) for porous silicon lead to studied by many researcher .this phenomenon which has application in many devices. Porous silicon can be used in the optoelectronic devices and sensor. Therefore, the study to development porous silicon is very necessary,. In this study, porous silicon was prepared by chemical etching used silicon , the based electrolyte was ued HF acid with ethanol 1:1 . The porous silicon was characterized by Photoluminescence Spectrometer (PLS) and (SEM) Microscope. The range of the porosity (20.33 ââ¬â 78.2) % and it is dependent on current density and etching time. The has Band gap energy which is from 1.81 ev to 2.o7 ev , the band gap energy is increased with increasing current density and increasing etching time Introduction Since the discovery of visible luminescence in the room temperature [1ââ¬â5], porous silicon (PS) has become a subject of considerable interest, optoelectronic device [6,7]. many several methods [8ââ¬â10] for fabricating PS from crystalline silicon wafers. The electrochemical etching [1,8]. Both method is the difference between them the chemical etching without using the external bias, therefore, considered this method the localized electrochemical process chemically [11]. Porous silicon was discovered in 1956 by Uhlir ( Uhlir 1956) while performing electro polishing experiments ,hydrofluoric acid (HF) was prepared in to silicon wafer by electrolyte containing . He found that under the appropriate conditions applied current and solution composition , the silicon did not dissolve uniformly but instead fine holes were produced, porous silicon formation was obtained using electrochemical dissolution of silicon wafer in aqueous or ethanoic HF solution The size dependency of the PL energy , which explains the efficient luminescence , causes the peaks to sift towards the higher energy or lower wavelength , as already reported [12,13] ,the red shift in PL peaks with decreasing average size of Si structure size in psi is considered to be strong evidence that the visible PL is caused by the quantum confinement effect [14] . The degree of the blue shift for psi usually depends preparation condition , Si resistivity , substrate ,type and dopant concentration , which can cause different modification of psi microstructure during anodisation [15] The values of the band gap energy of the porous silicon are the same range of the reported ( 1.5ev to 2.5 ev) [16.;17,18] In this work , porous silicon p-type was prepared by electrochemical etching technique and photoluminescence PL spectroscopy was used to determine the wavelength the emitted light . Preparation porous silicon All samples were prepared on (100) n- type silicon (Si) single crystal wafers of 537 thickness. Silicon substrates were cleaned by sonification for 5min in ethanol, and acetone. A Si substrate was placed at the bottom of a cylindrical Teflon cell and fixed by an aluminium plate as a backing material. A platinum (Pt) rod serves as a cathode perpendicular to the Si surface at a distance of (1cm). The samples were prepared with constant current, density, and etching time at a concentration of ethanol ( in the volume ratio of 1:1. Theaside is an essential ingredient for the anodical etching of . Ethanol was added into electrolyte to enhance the homogeneity and uniformity of the () surface because it acts as a promoting agent to increase the wettability of () surface and to remove the extraneous H2 bubbles that appear during the anodical etching process. In fact, ethanic solutions infiltrate the pores, while purely aqueous HF solution does not. This is very important for the lateral hom ogeneity and the uniformity in depth of the () layer. A digital current source () was used to supply constant current. Figure (1) shows the schematic diagram of all the elements used for the preparation of (). To generate the electron hole pairs, the surface of sample was illuminated with halogen lamp () during iodisation. For all samples, a voltage of was applied to the halogen lamp for illumination. The current densities used for samples are 10 mA/cm2, 20 mA/cm2, and 30 mA/cm2 with etching times of 20mins, 40mins, 60mins, and 80mins. HF based electrolyte Pt electrode Teflon cell Si wafer Current source AL plate Figure 1: Schematic of electrochemical etching cell for iodisation of () samples Figure (2):porous silicon (). a without light .b)with light .c) after remove the porous . Figure(3) : SEM images of PSi a) silicon wafer as scale 1m, b)-porous silicon (). as scale. c) porous silicon as scale 500 nm .d) porous silicon as scale . Results and discussion The optical properties of psi samples electrochemically etched at three different current density and by varying etching time. Figures (4- a,b,and c) shows the variation of PL spectra with etching time for the psi samples obtained at the current density 10 mA /cm2 , 20 mA/cm 2, and 30 mA/cm2. The intense luminescence spectra emitted from porous silicon structures formed on the samples. The pl peaks show a steady red color shift from 500 nm to 800 nm with increasing the etching time . , Figures (4-a,b,c) PL peaks for porous silicon samples prepared under differnet etching time with the current density a) 10 ma/cm2 ,b)20 mA/cm2 ,c)30 mA/cm2. respectively The Figure (5) show the PL spectra of samples prepared by current density of 10, 20 and 30 , respectively ..The band gap energy () was inferred from (PL) wavelength (à ») using (. the relationship between band energy gap with the current density and etching time is increased the band energy gap when the current density and etching time increasing [19] . Figure (5-a,b) show the energy gap () variation of psi samples as a function of etching time and current density , respectively Figures (5-a,b) Band energy gap as a function to a) etching time with different current density ,b) currents density with the different etching time . Respectively Figure (6) show the band energy gap versus the porosity for three different current density of the samples and deferent etching time. The band gap energy value is not linearly increased with increasing porosity because the change in the structure size of the silicon. The results show the dependency of the band gab energy value to the current density especially in high porosity [16] Figure (6) .band gap energy as a function to porosity with different current density. Table (1) .the values of porosity, band gap energy, and PL peaks intensity for porous silicon with different current density and different etching time Table (1) shows that the band gap energy increases from ( 1.82 ,1.90,194,and 1.97 ) ev to (1.86,1.91,196,and 2,01) in etching time (20,40,60,and 80 )min respectively when the current density increasing from 10 to 20 ,also the increases the band energy gap from ( 1.86,1.93,196,and 2,01) ev to ( 1.93,1.97,2.01 ,and 2.07 ) in the etching time20,40,60,and 80 )min respectively when the current density increasing from 20 to 30. The results show an increase the band energy gap when the etching time increasing. That mean the band energy gap depended of the current density and etching time . the results shown the band gap energy is increased with etching time , it is increase from (1.82,1.86,and 1.93 ) ev to (1.90 , 1.93 , and 1.97 ) ev in the current density (10,20,and 30) mA/cm2 respectively when the etching time increasing from 20 min to 40 min . as well to another etching time from 40 min to 60 min and from 60 min to 80min . Conclusion. In summary. The results show for the effects the etching time and current density to the band energy gap and the porosity. In this experimental the band energy gap is increased with increasing the current density the band gap energy increases from ( 1.81 ,1.88,194,and 1.99 ) ev to (1.86,1.91,196,and 2,01) in etching time (20,40,60,and 80 )min respectively when the current density increasing from 10 to 20 , . as well to another current density ,also the band energy gab is increased from (1.81,1.86,and 1.93 )ev to (1.88 , 1.91 , and 1.97 ) ev in the current density (10,20,and 30) mA/cm2 respectively when the etching time increasing from 20 min to 40 min . as well to another etching time . Acknowledgment The authors would like to thank Physics Department in the University Putra Malaysia for providing the research fealties. References [1]Canham, L.. (1990). Silicon quantum wire â⬠¦Ã¢â¬ ¦Applied Physics Letters,57(10), 1046-1048. [2]Lehmann, V., Gà ¶sele, U. (1991). Porous silicon formation: A quantum wire effect.Applied Physics Letters,58(8), 856-858. [3] Searson, P. C., Macaulay, J. M., Ross, F. M. (1992). Pore morphology and the mechanism â⬠¦Journal of applied physics,72(1), 253-258. [4] Hummel, R. E., Morrone, A., Ludwig, M., Chang, S. S. (1993). On the origin of photoluminescence â⬠¦Applied physics letters,63(20), 2771-2773. [5] Calderà ³n, A., Alvarado-Gil, J. J., Gurevich, Y. ., Cruz-Orea, A., Delgadillo, Vargas, ., Miranda, L. (1997). Photo-thermal characterization â⬠¦.Physical Review Letters,79(25), 5022. [6] Joubert, P., Abouliatim, A., Guyader, P., Briand, D., Lambert, B., Guendouz, M. (1995). Growth and luminescence of n-â⬠¦. Films,255(1), 96-98. [7Lockwood, D. J. (1994). Optical properties of porous silicon.Solid State Communications,92(1), 101-112. [8] Beale, M. I. J., Benjamin, J. D., Uren, M. J., Chew, N. G., Cullis, A. G. (1985). An experimental and â⬠¦Ã¢â¬ ¦ porous silicon.Journal of Crystal Growth,73(3), 622-636. [9] Hummel, R. E., Chang, S. S. (1992). Novel technique â⬠¦Applied physics letters,61(16), 1965-1967. [10]Maeda, Y., Tsukamoto, N., Yazawa, Y., Kanemitsu, Y., Masumoto, Y. (1991). Visible photoluminescence â⬠¦ matrices.Applied physics letters,59(24), 3168-3170.). [11]Lemus, R.G., Rodriguez, C.H., Hander, F.B. and Duart, J.M.M. 2002. Anodic and optical characterisation â⬠¦Ã¢â¬ ¦. Solar Energy Materials Solar Cell 72:495-501 [12] Bisi, O., Ossicini, S., Pavesi, L. (2000). Porous silicon: a quantum â⬠¦Ã¢â¬ ¦Surface science reports,38(1), 1-126. [13] Nguyen, T. P., Le Rendu, P., Tran, V. H., Parkhutik, V., Esteve, R. F. (2000). Electrical and optical â⬠¦Ã¢â¬ ¦. silicon structures.Journal of Porous Materials,7(1-3), 393-396. [14] Hirschman, K. D., Tsybeskov, L., Duttagupta, S. P., Fauchet, P. M. (1996). Silicon-based visible lightâ⬠¦..microelectronic circuits. [15] Bernini, U., Lettieri, Maddalena, P., Vitiello., Francia. (2001). Evaluation of the thermal conductivity of porous â⬠¦Journal of Physics: Condensed Matter,13(5), 1141. [16] Rajabi, M., Dariani, R. S. (2009). ââ¬Å"Current improvement â⬠¦Ã¢â¬ ¦Ã¢â¬ Journal of Porous Materials,16(5), 513-519. [17] Sheng, C. K., Mahmood Mat Yunus, W., Yunus, W. M. Z. W., Abidin Talib, Z., Kassim, A. (2008). Characterization of thermalâ⬠¦Ã¢â¬ ¦. B: Condensed Matter,403(17), 2634-2638. [18] Srinivasan, R., Jayachandran, M., Ramachandran, K. (2007). Photoacoustic studies â⬠¦Ã¢â¬ ¦..Crystal Research and Technology,42(3), 266-274. [19]Ee, D. T. J., Sheng, C. K., Isa, M. I. N. (2011). Photoluminescence of porous â⬠¦Ã¢â¬ ¦..Malaysian Journal of Analytical Sciences,15(2), 227-231.
Sunday, August 4, 2019
hitler :: essays research papers
1918 Germany looses the war Newspaper: Germany looses war. Hi Iââ¬â¢m Peter and I am 4 years old. Germany lost World War 1 and Germany was forced to take all blame for the war, and had to pay reparations to the Allies. Germany was also forced to have free trade that made our economy crash. 1920 The rise of the Nazis Mom: Peter guess what there is a new political group named the Nazis. They believe that Germany needs to overturn the treaty of Versailles and combat communism. And people like us in the middle class and lower class support them. 1922 wheel barrow economy Iââ¬â¢m at the store with my parents and you are witnessing the wheel barrow economy. To pay the expenses of the war, Germany simply printed money. The paper money steadily lost its value. In 1918 a Berlin a loaf of bread cost less than a mark in 1918 and now it cost more than 160 marks. 1923 Hitler arrested at the dinner table: Mom- Peter Hitler was arrested, because he attempted to seize power and failed. They tried to get him for treason and they sentenced him for five years in jail. Peter: Thatââ¬â¢s horrible now how are ever going to get out of the treaty Versailles. 1933 Hitler named chancellor Hitler being named I am now 19 years old and have been watching Hitler quite a bit. The Nazis Has become the largest political party. Hitler has been named chancellor, once in office he acted quickly to strengthen his position. He called for new elections and the majority voted for him, so he demanded dictatorial power for 4 years. 1934 Hitler takes control of economy Dad- son we arenââ¬â¢t poor anymore, and I now have a job itââ¬â¢s all because of Hitler. Thanks to him making new laws like the banning of strikes, dissolved independent labor unions and giving the government authority over business and labor our economy is going to stabilize again. Peter: Wow dad that is really great Iââ¬â¢m so happy. 1934 Peter Joins the Nazis Peter in his uniform or diary I joined the Nazis and so has pretty much everyone. Hitler has convinced all of the Germans that Jews are evil and has used them as scapegoat for all the troubled we have had since the war. This led to anti-Semitism across the whole country. 1935 Hitler breaking treaty of Versailles Newspaper: Hitler breaks treaty Oh my god I canââ¬â¢t believe it! Hitler had always wanted to undo the treaty of Versailles. The treaty of Versailles limited the size of the his army and in
Gregor Mendels Theories Of Genetic Inheritance :: essays research papers
Gregor Mendel's Theories of Genetic Inheritance Gregor Mendel played a huge role in the underlying principles of genetic inheritance. He grew up in a Augustinian brotherhood where he learned agricultural training with basic education. He then went on to the Olmutz Philisophical Institute and then entered the Augustinian Monestary in 1843. After 3 years of theological studies, Mendel went to the University of Vienna where he was influenced by 2 professors, the physicist Doppler and a botanist named Unger. Here he learned to study science through experimentation and aroused his interest in the causes of variation in plants. Then in 1857, Mendel began breeding garden peas in the abbey garen to study inheritance which lead to his law of Segregation and independent assortment. Ã Ã Ã Ã Ã Mendel's Law of Segregation stated that the members of a paror of homologous chromosomes segregate during meiosis and are distributed to different gametes. This hypothesis can be divided into four main ideas. The first idea is that alternative versions of genes account for variations in inherited characters. Different alleles will create different variations in inherited characters. The sescond idea is that for each character, an organism inherits two genes, one form each parent. So this means that a homolohous loci may have matching alleles, as in the true-breeding plants of Mendel's P generation(parental). If the alleles differ, then there will be F hybrids. The third idea states that if the two alleles differ, the receessive allele will have no affect on the organism's appearance. So a F hybrid plant that has purple flowers, the dominant allele will be the purple-color allele and the recessive allele would be the white-color allele.
Saturday, August 3, 2019
Conflict Between Church and Government Involving Thomas Becket and Henry II :: essays research papers
In Medieval England the Church was all powerful. The fear of going to Hell was very real and people were told that only the Catholic Church could save your soul so that you could go to Heaven. The head of the Catholic Church was the pope based in Rome. The most important position in the church in Medieval England was the Archbishop of Canterbury and both he and the king usually worked together. A king of England could not remove a pope from his position but popes claimed that they could remove a king by excommunicating him - this meant that the kingââ¬â¢s soul was condemned to Hell and people then had the right to disobey the king. For people in England , there was always the real problem - do you obey the king or the pope ? In fact, this was rarely a problem as both kings and popes tended to act together as both wanted to remain powerful. On two occasions they fell out - one involved the Archbishop of Canterbury, Thomas Becket, and the other Henry VIII. In 1162, Henry II, king of England, appointed Thomas Becket, as Archbishop of Canterbury. This was the most important religious position in England. No-one was surprised by Henryââ¬â¢s choice as both he and Thomas were very good friends. They enjoyed hunting, playing jokes and socialising together. Becket was known to be a lover of wine and a good horse rider. Henry II loved to ride as well but his personality was troubled by his fearsome temper. He tried to keep his temper under control by working very hard as it distracted him from things that might sparked off his temper. Henry II also controlled a lot of France at this time. William the Conqueror had been his great-grandfather and he had inherited his French territories as a result of this. When Henry was in France sorting out problems there, he left Becket in charge of England - such was his trust in him. Becket became Henryââ¬â¢s chancellor - the most important position in England after the king. When the Archbishop of Canterbury died in 1162, Henry saw the chance to give his close friend even more power by appointing him Archbishop of Canterbury - the most important church position in England. Why would Henry do this ? In Henryââ¬â¢s reign, the Church had its own courts and any member of the Church could decide to be tried in a Church court rather than a royal court.
Friday, August 2, 2019
Boston Beer HBS Case
Disadvantages of an PIP The company will face underwriting costs associated with the PIP. A failed PIP could be costly both in financial assets and in firm reputation. Complying with regulatory reporting standards will create additional costs that are not present in a private company. Incorporating the company may have negative tax implications for the current owners. Current shareholders who do not exit during the PIP will face severe dilution. Management control will decrease because of fiduciary duties to shareholders. This could conflict with the company's product quality processes and result in a shift toward a short-term earnings focus.Conclusion Although their contract brewing model reduces expected capital expenditures, their labor and marketing intensive sales strategy will require substantial spending to expand into new markets. To meet projected growth, external funds will be needed. Raising these funds entirely from debt would create an unacceptable level of debt for a st ill growing company; thus equity funding is the preferred option. The company has reached a maturity point where equity can more easily and cheaply raised in public capital markets rather than through venture or private equity firms.Additionally, publicity room the PIP will help with brand recognition in new markets. Given the recent success of competitor Ipso and Boston Beer's profit margin and growth potential, the risk of a failed PIP is minimal, and most current shareholders intend to sell shares in the PIP reducing dilution concerns. Boston Beer should proceed with the PIP. Question 3-5 (Exhibit 3)ââ¬â ââ¬â 1995 Pro Formal Net Sales: All pro formal sales rely upon the assumption that net sales as of September 30, 1 995 represent 75% of expected year-end revenue.Because the firm's PIP will most likely have a more positive impact on Q sales than his estimate projects, if anything, the prices generated by our models are underestimated, not overestimated. Cost of Debt: BBC explains in its prospectus intent to extinguish outstanding debt carrying interest rates upwards of 1 1 . 5%. Based upon the firm's low target leverage of 5%, low degree of operating leverage, and favorable credit history and financial outlook, the model assumes a cost of debt in line with AAA corporate debt at 7. 2%. This estimate seems reasonable and sensitivity analysis shows a 1% decrease in the forecasted share price requires at least a 2. % increase in the cost of debt. Risk Free Rate: The six-month and 30-year treasury rates given imply a fairly flat yield curve. Due to the relatively short forecast period and the short-term risk characteristics of this industry, the model uses the six- month rate as the risk free rate in calculating the cost of equity. 995 Net Working Capital Requirement: In order to calculate the change in NC over 1 996, the model assumes sass's year-end NC is composed of the existing September 30, 1 995 balance plus Of fourth quarter net sales due to the f irm's rationalization strategy. CAP: Historical analysis shows an average 3. 3% capital intensity ratio. Based on a likely decrease in efficiency due to rapid expansion, the model forecasts a 3% capital intensity ratioââ¬âthis includes restricted investments (Exhibit 1).Depreciation: Depreciation was not included in the calculation of free cash flows because net CAP was used. 1995 Value of Debt: Boston Beer's debt is private, so the market value will be very similar to, if not exactly the same as, its book value. ââ¬â ââ¬âQuestion The underwriting prospectus for the PIP suggests a share price of $12. 50 per hare, which is the starting point for analyzing the different scenarios. In order to determine the scenario that was most realistic, we attempted to rule out the ones that were not and a summary of our analysis is found in Exhibit 4. 1) First we analyzed the information asymmetry in the PIP. The offering presents information about almost 1. 5 million shares offered in the PIP from current stockholders. It is unlikely that management are willing to offer shares at $12. 50 if the fair market value really is $29 per share, thus weakening the belief in the second scenario. 2) Analysts' expectations and comparable metrics. Analysts are generally very positive in regards to the Craft Brewing Segment, expecting continued growth in 1995.A conservative market share estimate of 5% of the total domestic beer market by 2000 compared to only 1. 4% in 1994. In addition, both Pet?s Brewing Company and Redbook Ale Brewery have recently completed successful Pip's resulting in growing share prices. These factors both build up expectations for Bib's upcoming PIP and are likely to be incorporated in Bib's PIP price. This might mean that BBC will be trading at a slight expectation premium above what the fair value of the company is, thus strengthening the reliability of the first scenario with a stock price of $12. 3. In addition, by comparing PIE ratios of Pet's Br ewing Company, 1 00, and Redbook Ale Brewery, 36, with BBC for the three different scenarios weakens the third scenario because of an implied PIE ratio of 17. 9, which is below both of the two comparable companies. The first scenario giving an implied P/E ratio of 41. 9 and the second scenario showing an implied PIE ratio of 99. 9 are tooth around the two competitors' PIE ratios, strengthening the plausibility of these scenarios when looking at the P/E ratio isolated. 3) We also used industry growth trends to compare the expected sales of BBC in 2000, considering a constant market share, to the 2000 sales forecasted in each scenario. The results allowed us to rule out the third scenario because the sales forecasted in 2000 are less than half of what we would expect with conservative assumptions of the craft industry growth. The other two scenarios were fairly close to the expected revenues in 2000. 4) The second scenario was ruled out when analyzing the growth trends of BBC in recen t years.BBC has already undergone rapid growth and we expect that high growth phase to taper Off sooner rather than later. Ten more years Of high growth is unreasonable and unrealistic. Lastly, the second scenario can be ruled out again when looking at revenues projected for 2006. If the craft brewing industry grew to ten percent of the total domestic beer market by 2006, which is an aggressive assumption, then BBC would have to double its current percentage of market share in the craft industry. We also find that assumption fairly unreasonable due to the competitive nature of the craft industry now and into the future.
Thursday, August 1, 2019
Research Article Analysis Essay
The purpose of the research study is to see if juveniles being employed affects delinquency and substance abuse amongst youth. The problem is that there seems to be a direct correlation between substance abuse and the intensity of work schedules while teens are attending school. The questions that are to be researched are why are youth who spend long hours at work more likely to be delinquent? What is the connection between those teens who work long hours and those who do not and how does it influence delinquency and substance abuse? The design of the study ââ¬Å"includes the who, what, when, where, why, and how of an investigationâ⬠(Hagan, 2010, Ch. 3). The who for this study is U.S. students in eighth, tenth, and twelfth grades. The sample excludes students who dropped out or graduated during the survey period. Some of the students have jobs, and some do not. Those who do not were asked if they could work, what would be the ideal amount of hours they would want to work each week. The amount of hours teens work while in school is the what for the study. The when is 1996, 1997, 1998, and 1999. During these years, the same students were surveyed to see how their circumstances had changed between eighth and twelfth grades. The where is the United States. The researchers are surveying random students in the eighth, tenth, and twelfth grades across the country. The why is to see if employment negatively impacts juveniles and contributes towards delinquency and substance abuse. The how is the way in which the study is designed so that the hypothesis can be addressed and the results will in some way resolve the research problem (Hagan, 2010, Ch. 3). The study is designed in a way to track students across a certain age range while also surveying them multiple times through a set time period to track any changes to working while in school. Delinquency and substance abuse are common amongst teens, but some teens may be more likely to commit delinquent acts and abuse sub stances thanà others. This is a problem for researchers because it is not known if working many hours each week, in addition to attending school, causes students to be pulled away from social interactions with their peers, which contributes towards delinquency and substance abuse. An operational definition for delinquency and substance abuse is a self-report measure. During a self-report measure, the participants in the study give their own report of the way something makes them feel. In this case, it would be the number of hours worked or the numbers of hours unemployed teens would prefer to work while attending school. There is room for presentational bias because those being surveyed may not tell the truth about their actions. Inductive logic is a way to determine a theory or theories that may explain the results of the data. This study shows inductive logic in the results because the results determined that deviance was associated with those juveniles who do work, and not those who preferred to work. ââ¬Å"Delinquency, marijuana use, and heavy drinking were significantly higher for adolescents who spent long hours on the job compared with adolescents who were jobless but preferred moderate hours of workâ⬠(Staff, Osgood, & Schulenberg, 2010, page 17). Deductive logic gives absolute proof of something. It begins with a premise that is assumed to be true, and the researcher infers what would be true if the premise is true. They are sometimes known as ââ¬Å"ifâ⬠¦thenâ⬠statements. Deductive logic is shown in the results because the researchers assume that if a student works while in school, then they are more likely to be delinquent and abuse alcohol and drugs. This research study is quantitative because it puts the results of the surveys into numerical values that are expressed by charts. Quantitative research uses surveys and questionnaires to compile the data, which is what researchers used for this study. The researcher was not part of the investigation. It was all done by students across the United States. The methodology for this study is use surveys and questionnaires to ask students in the eighth, tenth, and twelfth grades over a four year span about their work history, alcohol usage, and drug usage. The population is all students in the eighth, tenth, and twelfth grades. The sampling method is to use students who remain in school throughout the survey period, and to exclude those who drop out or graduate. The findings of the study were those who were unemployed, but wished they could work were the teens with the highest rates of delinquency and substance abuse. Theà researchers believe this is caused by a desire for the teens to feel like they are adults. They also believe this is because the students who wanted to work had loose ties between family and school. The authorââ¬â¢s conclusions are that working does not necessarily contribute to higher delinquency and substance abuse rates. Neither does not working. Those who desire to work, but are unable to do so because they are too young, have no experience, cannot drive, or lack the necessary skills to perform a job properly are the juveniles who are the most likely to engage in delinquent acts, alcohol abuse, and subject abuse. The study could have been done differently by asking questions in a more anonymous way. Instead of asking surveys and sending questionnaires out, the students could be asked to voluntarily complete the survey. This could be done by using something like a voting booth. It is quick and easy. No one else would see the results, and it is completely anonymous. It also should not be limited to only students in the eighth, tenth, and twelfth grades. References Hagan, F. E. (2010). Research methods in criminal justice and criminology (8th ed.). Upper Saddle River, NJ: Prentice Hall. Staff, J., Osgood, D. W., & Schulenberg, J. E. (2010, November). Explaining the Relationship between Employment and Juvenile Delinquency. Crime and Delinquency.
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