The Ethics of the Salary of Professional Athletes Essay -- Athletes Sp

The Ethics of the Salary of Professional Athletes My claim is that it is unethical for professional athletes to receive the enormous amount of compensation that they do. By Unethical I mean that it is an injustice to the citizens of our hard working country that are out to make a dollar and do it by holding a well respected job. By compensation I mean the ridiculous amounts of money that an athlete makes for playing a particular sport. My value criteria or standards I will use are as follows: 1. A man who does not graduate college may not be as qualified to make the salaries that exist. 2. Ridiculous salaries is setting an example for our youth that just because you can hit a baseball or shoot a basketball or shoot a hockey puck or throw a football that you can make millions of dollars without truly earning it. 3. An athlete who graduates college deserves money based on his collegiate experience. I will argue the point of graduation first and then go into the fact that just because you have a god given talent that doesn’t mea n you should make millions more than others, and finally I will conclude that the college graduate that does make it in the professional sports world deserves money based on experience from College. Now then turning to my first point of being a college graduate. Kobe Bryant one of the NBA’s most prolific scorers and highest paid player never ever went to College. In fact Bryant, from near my hometown in Delaware County bypassed college and made the leap to the NBA. Should he be able to receive the amount of money that he does, and the average college student that graduates and has a degree is not able to obtain a job that pays that kind of base salary. I think not, in fact I feel that the only kind of people that have any business of making the kind of money athletes do are doctors, lawyers, stockbrokers and maybe anyone who actually does attend graduate school. Now those kind of professions have the right of making that type of income due to the fact that they not only have they graduated college but they attended graduate school and have perfected their business and received a degree. Kevin Garnett has the richest contract in all of NBA history, 6 years 126 million dollars and he never ever stepped a foot on one of our great campuses in the United States of America. Please tell me why should Garnett make this money if he never ever ... ...00 dollars. Would there be the same amount of competition and would the sport be as enjoyable for these athletes to play. Not to mention that by going to sporting events we are condoning the payment of these athletes. Now I am a HUGE sports fan as most of you might know. I also am in the sports broadcasting business and I have my own company covering Philadelphia sporting events. That means that I go to games on a press credential and do not line the pockets of the owners and thus the players with my hard earned money. In fact If I was not in the sports broadcasting business, the chance I would attend these games and pay these ludicrous prices that would ultimately lead to these preposterous salaries is highly unlikely. In closing, today I have shown how the amount of money athletes make is unethical to our society. I have given proper examples of criteria that is backed up by proof. I have stated my claim and my case for the subject and have given reasons why I believe athletes salaries are ridiculous. Children of ours should not grow up and think that all they have to do is drink milk to be like Mike or wear Kobe’s shoes to attain his success, rather they must earn it instead.

Cyberpunk and Science Fiction Essay

Cyberpunk and Science Fiction in the Information Age Cyberpunk science fiction is considered to be the â€Å"literary manifestation of postmodernism† (Elements149). According to McHale, as a sub-genre of science fiction, cyberpunk stands as the product of the convergence between â€Å"science fiction poetics and postmodernist poetics† (Elements 149). In Constructing Postmodernism, McHale states â€Å"cyberpunk†¦as science fiction derives certain of its elements from postmodern mainstream fiction which itself has†¦already been ‘science-fictionized’ to some greater or lesser degree† (229). The correlation of cyberpunk and postmodernism however is not limited to the existence of cyberpunk as a coagulation of the different factors within science fiction tales. Postmodernism, as a school of thought and as a movement in the different arts, may be characterized by its â€Å"incredulity toward metanarratives† (Lyotard xxiv). Metanarratives refer to the â€Å"‘grand narratives’ or stories that go to legitimize particular practices† (Warren and Warren 78). In the same manner that postmodernism debunks the idea of grand narratives, cyberpunk debunks such grand narratives by placing emphasis on the construction of a separate individual reality within the sphere of cyberspace. Works considered as a part of the sub-genre of cyberpunk are named as such due to their focus on â€Å"technological revolution and its social and psychological implications†¦on online publication† (Stierstorfer 109). The correlation between cyberpunk and postmodernism may thereby be traced to the existence of various worlds within cyberspace presented within cyberpunk texts. It is important to note that the importance of cyberspace is attributed to the space that it provides the individual user for the creation of fictional production. Cyberspace, within these works, stand as a space which is in continuous creation. The creation is determined by each individual and hence it provides the individual with both the freedom and the power to create and determine the worlds created by other individuals within the cyberspace. Within the aforementioned context, reality stands as an individual construction determined by a set of rules for how such a creation may occur. These rules however are not moral rules but merely substantive rules. In a sense, one may thereby state that ‘reality’ within these texts is in continuous flux since what is ‘real’ is determined by one’s point of view, one’s perspective of the world. The act of reading these texts are in a sense determined by the sequence in which these texts are presented however within the context of the assumptions of reality within the text it is possible to imagine a space wherein all acts do not merely interact or collide but occur at the same time since cyberspace is a boundless space and such is the world presented by the texts within the genre of cyberpunk fiction. In line with this, what follows is a discussion of William Gibson’s Neuromancer and Spook Country and Stanislaw Lem’s Imaginary Magnitudes. Online communication creates a space of social contact out of intertextual materials that may end up relying on the very conventional social narratives that many participants hope to escape. These hidden conventional structures within social interaction are the subject of the novel that gave us the term ‘cyberspace’ that being William Gibson’s Neuromancer. A discussion of Gibson’s novel not only provides a glimpse of the very different understanding of identity that results from this intertextuality but also suggests how best to negotiate these narratives. At the most general level Neuromancer is the story of Case’s quest to be re-integrated with cyberspace and the information that it possesses. The story opens with Case’s nervous system intentionally harmed in subtle ways by a past employer so that he is unable to access cyberspace and perform his past role as a ‘cowboy’ who infiltrates computer networks and steals information. Case is mysteriously offered surgery to repair his system if he participates in a complicated scheme to free an artificial intelligence named Wintermute from the limitations placed on it by its creator. Gibson describes Case’s experience of cyberspace in terms of the pleasure of reintegration. The experience is described in the following manner. Found the ridged face of the power stud. And in the bloodlit dark behind his eyes, silver phosphenes boiling in from the edge of space, hypnagogic images jerking past like film compiled from random frames. Symbols, figures, faces, a blurred, fragmented mandala of visual information. Please, he prayed, now†¦Expanding- And flowed, flowering for him, fluid neon origami trick, the unfolding of his distanceless home, his country, transparent 3D chessboard extending to infinity†¦And somewhere he was laughing, in a white-painted loft, distant fingers caressing the deck, tears of release streaking his face. (Neuromancer 52) In the aforementioned passage, Case’s movement into cyberspace is a kind of homecoming that brings him back into contact with a network of human information. Given the lyrical tone of this passage, it is not surprising that interpreters of Neuromancer have concluded that the connection to networks of human information that Case pursues is a uniformly positive thing. Cyberspace subculture frequently takes the disembodied integration into electronic information systems quite literally as a next stage in human evolution. Rather than asserting the value of social integration for its own sake, this story treats such connections as merely showing the protection and evolution of individuals. The links between individuals are similarly ambivalent in Neuromancer. Probably the novel’s clearest statement of the ambivalence of social connection comes late in the novel when Case reflects on his involvement with unseen ‘bosses’. Case has been hired by the mysterious Armitage, who turns out to work for Wintermute. As Case realizes the degree to which Armitage is a puppet or even a construction of Wintermute, he reflects on his involvement with larger political and social powers. It goes in the following manner, Case had always taken it for granted that the real bosses, the kingpins in a given industry, would be more and less than people†¦He’d always imagined it as a gradual and willing accommodation of the machine, the system, the parent organism. It was the root of street cool, too, the knowing posture that implied connection, invisible lines up to hidden levels of influence. (Neuromancer 203) Case’s reflections about the nature of social connection suggest both its positive and negative qualities from the perspective of the individual. Positively, these connections position the individual as a kind of parasite within the ‘parent organism’, sheltering the individual who may not share the goals of the larger system to which he or she belongs. Within this context, one might perceive individuals as pieces of a larger puzzle whose form is partially known but whose image is only available through the different vantage points available to different individuals. Such vantage points however are only accessible or can only be known to one individual unless it is penetrated and in a sense controlled by another one. Knowledge within this space is thereby continually in flux as a result of the power struggles of the entities within it. Imagining people as ‘assemblages’ whose subjectivity is constructed from sources of which they are rarely aware and whose elements do not necessarily cohere certainly seems unappealing at first glimpse since it works against traditional ideas of self-consciousness and personal coherence. However, Neuromancer also suggests that much more dangerous than this disunified subjectivity is the attempt to deny multiplicity and to hide behind some apparent unity. Precisely this tension between unity and incoherence is at issue. One might state that cyberdiscourse enables individuals to raise their consciousness about their own identity however it is also possible to state that it is nothing more than an intertextual concoction of mass media cliches and stereotypes. Gibson’s other novel Spook Country also raises these issues. Spook Country stands as a continuation of Pattern Recognition. As opposed to the futuristic setting of Neuromancer, the later novel is set within the current century. It presents the story of a former rock singer named Hollis Henry who turned into a freelancer researching about locative art for Node magazine. In the process of the research, Hollis discovers that locative art is an art form that combines virtual reality with GPRS technology. As a result of this combination, an individual is able to replicate the events occurring within a particular place thereby allowing the spectator of the artwork to participate within a different reality. This is evident in the following passage from Spook Country. As Hollis and Chombo discuss locative art, they specify the experience that one may achieve in it. They state We’re all doing VR, every time we look at a screen. We have been for decades now†¦VR was an even more specific way we had of telling us where we were going. Without scaring us too much, right? The locative, though, lots of us are already doing it. But you can’t just do the locative with your nervous system. One day, you will. We’ll have internalized the interface. It’ll have evolved to the point where we forget about it. Then you’ll just walk down the street†¦ (Spook 65). In the aforementioned excerpt, one sees the tension between unity and coherence not only in the definition and specification of reality as a result of technological innovations but also the tension that it creates in the process of determining individual identity. This tension is apparent if one considers that an individual’s conception of the ‘self’ is partially dependent upon his surrounding environment. Within the virtual space of locative art, one may thereby create and in a sense develop one’s own space separate but at the same time placed within the sphere of immediate reality. The tension brought about by the existence of the various possibilities of reality within these cyberpunk texts is also evident in Stanislaw Lem’s Imaginary Magnitude. Lem’s Imaginary Magnitude is composed of different introductions and prefaces to non-existent books. The various texts serve satirize the current trends and movements within literature and the other arts. An example of this is evident in the following passage. He states, In an extreme instance, in which there is a Propervirt of less than 0. 9%, the TEXT OF THE PRESENT PROSPECTUS may likewise undergo an ABRUPT change. If, while you are reading these sentences, the words begin to jump about, and the letters quiver and blur, please interrupt your reading for ten or twenty seconds to wipe your glasses, adjust your clothing, or the like, and then start reading AGAIN from the beginning, and NOT JUST from the place where your reading was interrupted, since such a TRANSFORMATION indicates that a correction of DEFICIENCIES is now taking place. (Lem 86) The aforementioned passage may be seen as alluding to a period in the future when it is possible for human beings to directly interact with their reading material. In another context, one might also see it as a parody of the impositions regarding the proper position and manner that individuals ought to read texts. Either way, the book in itself as well as its content of imaginary texts presents the reader with yet another conception of reality that allows the fluidity of experience. Within the aforementioned contexts, one considers how one is to understand the concept of reality, self, and knowledge within the context of cyberpunk science fiction. Within this genre, one sees reality, the self, and knowledge in itself as continuously in flux. Within a text which creates worlds determined by intertextuality, the process of reading the text becomes an act of recognizing the interrelation of its parts to the extent that one is willing to recognize that the events within it and in a sense the realities within it may all occur within the same time and space. Works Cited Gibson, William. Neuromancer. Np: Ace Books,1984. ___. Spook Country. Np: G. P. Putnam’s Sons, 2007. Lem, Stanislaw. Imaginary Magnitudes. Michigan: U of Michigan, 1984. Lyotard, Jean Francois. The Postmodern Condition: A Report on Knowledge. Minnesota: U of Minnesota P, 1984. McHale, Brian. Constructing Postmodernism. London: Routledge, 1992. ___. â€Å"Elements of a Poetics of Cyberpunk. † Critique 33. 3 (Spring 1992): 149-75. Warren, William and Bill Warren. Philosophical Dimensions of Personal Construct Psychology. London: Routledge, 1998. Stierstorfer, Klaus. Beyond Postmodernism: Reassessments in Literature, Theory, and Culture. Np: Walter de Gruvter, 2003.

Eating Disorders Anorexia And Bulimia - 1229 Words

Contrary to popular believe, eating disorders are not a thing of the past. They are unfortunately very prevalent; eating disorders affect up to 30 million Americans and 70 million individuals worldwide. The Renfrew Center Foundation for Eating Disorders, Eating Disorders 101 Guide: A Summary of Issues, Statistics and Resources, published September 2002, revised October 2003, http://www.renfrew.org. What an extremely disturbing fact! With so many people are struggling, why are the differences between anorexia and bulimia so misunderstood by the majority of the population? Anorexia and Bulimia are very severe eating disorders that are described as an unnatural relationship with food. The body of the individual that is diagnosed goes through extreme changes that ultimately cause havoc on the body and its systems. People who often suffer from these disorders tend to be overly concerned with perfection and the attainment of it. They may feel as if they have absolutely no control when it comes to some parts of their lives, so they achieve control through one of these eating disorders. Anorexics and bulimics often use the eating disorder as a way to muddle through problems from the past, as well as those of present times. Any person can have anxieties when it comes to his or her weight however, for anorexics and bulimics, it’s a life altering obsession. The sufferer may be known to become isolated from friends and family, not realizing that the disease affects not only his orShow MoreRelatedEating Disorders : Anorexia And Bulimia1676 Words   |  7 Pagesreason, many people thought it was wrong of Kate to say such a thing and claimed she was promoting eating disorders. This phrase, although years old, still has influence on young women in today’s society where whether someone eats too much or too little, they are judged. This being said it is no surprise that the leading mental illnesses in America are Anorexia and Bulimia. Both Anorexia and Bulimia are similar in the fact that they are highly popular in today’s world where it seems that physicalRead MoreEating Disorders : Eating, Bulimia, And Anorexia1215 Words   |  5 Pagesof eating disorders such as binge-eating, bulimia, and anorexia. All three eating disorders are very similar, but they are also differ with the issue they cause. Eating disorders can be harmful to a persons’ body because when they keep vomiting, it causes certain parts of the body to deteriorate over time. Each disorder has many symptoms, causes, warning signs, and health problems. All disorders differ with the way they affect people and how the person is treated. Binge-eating disorder consistsRead MoreEating Disorders: Anorexia and Bulimia1614 Words   |  6 PagesWhat do Anorexia and Bulimia have in common? They are both deadly eating disorders that can cause severe physical and mental health problems. Anorexia is an eating disorder of self- imposed starvation and a mental illness. In fact, anorexia has one of the highest death rates of any mental illness(Gerri FreidKramer, page 15). Bulimia is a mental eating disorder characterized by overeating followed by purging(Gerri Freid Kramer, page 21). People with bulimia are known for self induced vomitingRead MoreEating Disorders : Anorexia And Bulimia850 Words   |  4 PagesEating Disorder: Anorexia and Bulimia Bulimia and Anorexia Nervosa is a serious issue in the world today. I feel that the issue of eating disorders does not gain enough attention from society especially because of its relevance to young females. These unhealthy eating habits are a social injustice issue because the various types of media that disperse an unrealistic image of female beauty. Society takes these images as a standard of how a woman should look. Women will go to the extreme to meet thoseRead MoreEating Disorders Such As Bulimia, Binge Eating, And Anorexia1202 Words   |  5 PagesEating disorders such as Bulimia, Binge Eating, and Anorexia are common diagnosis when the subject of eating disorders is discussed. In fact, we hear about these in textbooks, movies, commercials and specific websites when we search for information. There are additional diagnosis which fall into a more selective form of disorders. Diabulimia is an eating disorder selective to insulin dependent individuals diagnosed with Diabetes . Health issues arise that can be very harmful not only due to lackRead MoreEating Disorders : Anorexia Nervosa, Bulimia, And Binge Eating1453 Words   |  6 PagesIn the United States of America 20 million women, and 10 million men suffer from a clinically significant eating disorder at some time in their life. There are three types of eating disorders, Anorexia nervosa, bulimia, and binge eating. Eating disorders can be life-threatening conditions that can affect a person’s physical health, and emotional. Something that serious has people wondering what exactly is causing these people to risk their health on it? One possibility would be social influencesRead MoreAnorexia And Bulimia Are The Most Common Eating Disorders932 Words   |  4 Pages Anorexia and  bulimia are the most common  eating disorders. People with anorexia disorder suffer from a tendency to skip meals, follow unhealthy diets, have abnormal eating habits and are obsessed about weight. Whereas people with bulimia disorder indulge in binge eating or overeating and then resort to purging what they have eaten by vomiting or using laxatives.  Both can be considered as a kind of mental illness that takes a toll on the mental health and self-esteem of people. While these twoRead MoreEating Disorders : Anorexia Nervosa And Bulimia Nervosa1303 Words   |  6 Pagesincreasing number of cases of eating disorders. According to a National Institute of Mental Health article (Eating Disorders, 2016), an eating disorder is an illness that causes physical disturbance to your everyday diet. A person who is stressed or concerned abo ut their body weight is a sign that he or she might have an eating disorder. Out of all the eating disorders, the two most common are anorexia nervosa and bulimia nervosa. Anorexia nervosa is an eating disorder where people, who are underweightRead MoreEating Disorders : Anorexia Nervosa And Bulimia Nervosa1830 Words   |  8 Pagesneeded to be thin. She would do all she can to get thin. She would look in the mirror and see herself as being fat and ugly. So she chooses not to eat or she binge eat and then purge. Now Addie has what is called an eating disorder. An eating disorder is can be described as abnormal eating to alter the body image due to psychological reasons. According to Janet Belsky, it can also be classified as a pathological obsession with getting and staying thin. (Belsky 252) They are associated with a wide rangeRead MoreEating Disorders: Anorexia Nervosa and Bulimia Nervosa2131 Words   |  9 PagesUsing the cases of two eating disorders (anorexia nervosa and bulimia nervosa), or obesity, one can determine that health and illnesses are just as much of a societal and cultural issue, as they are a medical issue. Eating disorders anorexia nervosa and bulimia are both mental illnesses. Anorexia nervosa involves starving oneself to avoid gaining weight, while bulimia involves binge eating followed by purging to avoid weight gain (Gerber and Macionis 2012). Both of these disorders stem from a fear of

How to Address Someone in German Properly

You is not always you, especially when youre speaking a foreign language.   One thing you need to learn quickly is how to correctly use you in German. Modern English is the only Indo-European language that has just one form of you. In German there are three: Du,  the Informal Address This form is only for those with whom youre on familiar or intimate terms, such as family, close friends, children, pets, and in prayer. In Germany, the word friend isnt used as liberally as in America, or at least it doesnt carry quite the same meaning. Ein  Freund/eine Freundin is used more to denote what we call here a close friend, whereas the word ein Bekannter/eine Bekannte is the preferred term used for casual friends and acquaintances. Ihr, Informal Plural Ihr is the plural form of du. Its the equivalent of yall in the Southern United States. For example: Wo seid ihr? (Where are you guys?)   Sie, the Formal Address This polite form implies a certain formality between people and takes into account social considerations. Sie is used for those people we address as Herr, Frau and with other formal titles. Usually, its used for older people, professionals and shop clerks. It might also be a good strategy to address co-workers as  Sie at first  until they offer you the du. Its better to call someone  Sie  and have them correct you with  du than to assume you can use the formal address and offend someone.  Ã¢â‚¬â€¹ Duzen and Siezen The verb that describes using Sie to address someone is siezen. To utilize du with someone is duzen.  Its best to use the Sie if  you are not sure which to use.   More About You in German Other important points about  Sie,  du and  ihr  are: The formal Sie  is always capitalized. There are no exceptions to this rule. The du  and ihr  are usually written in lower case, but some older Germans capitalize them. That was the rule about 20 years ago, before they had the Rechtschreibreform.  Sie remains written as Sie whether you are using it in the plural or singular sense. For example, if you are formally addressing one or two Germans, you wont see a difference in writing:Woher kommen Sie? (Where are you from, sir/madam?)Woher kommen Sie?(Where are you from, sirs/madams?)Sie (you, formal)  takes the same verb form as sie (they),  which is why in conjugation tables, you will find both words at the bottom together. Chart of You in German In a nutshell: Singular Plural English meaning du trinkst ihr trinkt you or y'all are drinking Sie trinken Sie trinken you (formal) or you (plural) are drinking Common Problem: There Are Four Sies  and Four Ihrs Many German-language students have trouble initially with ihr. This could be because there are two ihrs. There are also multiple versions of sie, which can be complicated.  Take a look at the following examples:   Hey, kommt ihr heute Abend? (Are you guys coming tonight?)Ist das nicht ihr neuer Freund? (Isnt that her new friend?)Entschuldigen Sie. Ist das Ihr Auto vor meiner Ausfahrt?  (Excuse me, sir/madam, is that your car in front of my driveway?) Note that the Ihr  is capitalized as it is formal.Entschuldigen Sie. Ist das  Ihr  Auto vor meiner Ausfahrt? (Excuse me, sirs/madams, is that your car in front of my driveway?) Here are three examples for sie/Sie: Woher kommen Sie? ( Where are you from, sir/madam?)Woher kommen Sie?  Ã¢â‚¬â€¹(Where are you from, sirs/madams?)Woher kommt sie?  (Where is she from?)Woher kommen sie?  (Where are they from?) Du, Ihr, and Sie Declensions Keep in mind that like with all other pronouns, du, ihr and Sie will also have genitive, dative and accusative forms that you must memorize.

The Emotional Rollercoaster We Call Life Am I Rite

The Emotional Rollercoaster We Call Life Am I Rite In Kurt Vonnegut’s famous Slaughterhouse Five, the main character of the novel, Billy Pilgrim, is having traumatic experiences happen to him such as everything that happened throughout the war. Because of these temperamental events, Pilgrim has been emotionally scarred and experiences Post-Traumatic Stress Disorder (PTSD) throughout the novel. Pilgrim describes events that scarred him before the war which leads to the reader believing he was emotionally scarred before he was put into war, such as the experiences he had with his father. In Maxine Kumin’s â€Å"Woodchucks,† the narrator is revealing the inhumane, cruel part of themselves based upon the events that spiraled in the poem. The narrator of the poem appears to be mentally damaged by the end of the poem, wishing she wasn’t the person she was. This directly related to Vonnegut’s Slaughterhouse Five due to the fact that Pilgrim was also feelin g the same way at the end of the book compared to â€Å"Woodchucks.† Vonnegut’s idea behind revealing events that Pilgrim experienced before the war shows how he was damaged beneath who he really was. The message behind both pieces is revealing to the audience that the events a person goes through at early development are what shape them to be the person they are later. Someone living with Clinical Depression or any other mental illness does not wake up and suddenly feel depressed. It is the events they experienced throughout their

Diabetes (type 2) Prevention Program Free Essays

Stage of Susceptibility: At this stage, the individual is predisposed to having diabetes mellitus due to some factors called the risk factors. These factors are: Family history of diabetics, i.e if any of the parent or of the lineage has diabetics before. We will write a custom essay sample on Diabetes (type 2): Prevention Program or any similar topic only for you Order Now B). overweight this is when the body mass index is more than or equal 25. C).habitual physical activity i.e. when an individual does not participate in any physical activity. D. Some forms are also predominant in some races. E). a person who has been previously identified as having impaired fasting glucose. F). Hypertension and history of gestational diabetes and individuals who has polycystic ovarian syndrome. Stage of Pre-symptomatic Disease: Diabetics mellitus does not have prolonged stage of prolong stage of pre-symptomatic. Since there are two major problems in type 2 DM, there is insulin resistance and there is pancreatic beta cell dysfunction. The beta cell dysfunction might be cause be many factor including autoimmune antibodies directed on some antigen which will have reduce the number and effectiveness of the beta cell. Stage of Clinical Disease: When the diabetics is full blown common symptoms include polyuria (passing of excess urine both in the day and at night), polydipsia (drinking of excess water to compensate for the fluid been loss by the urinary system), obesity, easy fatigability. some patient will have in addition to theses nausea and vomiting, this is the stage that usually present in the hospital Stage of Disability: Diabetics’ type 2 mellitus if not treated early may cause some complication. These complications are divided into acute and chronic. The acute complication s are the effect which can result from excess glucose that is build up in the blood, this is called Diabetic Ketoacidosis (DKA) in which the excess glucose is converted to acetyl-coA and in the process form ketone bodies. The chronic complications are neuropathy, kidney damage, retinopathy, stroke, and leg ulcers Primary Prevention: The aim of primary treatment is to reduce the predisposing and risk factor of type 2 diabetes mellitus, this can be done through proper nutrition i.e. eating high fiber, low fat diet, low salt and alcohol intake, and having regular exercise. We ensure that some underline diseases are taking care of every time for instance hypertension. Secondary Prevention: Here the aim of the secondary prevention is to alleviate the symptoms, to normalize the glucose level in the body, and to prevent its complications. This is done by aggressively controlling the hypertension if the patient is hypertensive, giving diabetic diet, by the use of antihypertensive. Insulin can sometimes be given in type 2 but not in all cases, but since we know that there is insulin resistance we will give the patient drugs that will improve the resistance this include Sulphonyuras class of drugs. Tertiary Prevention: This is the treatment given when the disease has presented with complications. This is done by rigidly monitoring the blood glucose within a close range so as to reduce the already develop complications. Some times operations are carried out on patient with retinopathy so as to correct the sight. In a patient with chronic leg ulcer, the best therapy is to amputate the gangrenous legs so that it will not deteriorate. How to cite Diabetes (type 2): Prevention Program, Papers

Finance for Managers Earnings Transparency

Question: Describe about the Finance for Managers for Earnings Transparency. Answer: 1: Present dividend = D0 = 2.35 Required Rate of return = R = 15% Growth rate for first 5 years = g1 = 22% Dividend at end of year 1 = D1 = D0 * (1+g1) Present Value of dividend D1 = PV (D1) = D1/ (1+ R) Dividend at end of year 2 = D2 = D0 * (1+g1) ^2 Present Value of dividend D2 = PV (D2) = D2/ (1+ R) ^2 Similarly for t=5, Dividend at end of year t = Dt = D0 * (1+g1) ^t a) Present Value of dividend Dt = PV (Dt) = Dt/ (1+ R) ^t Growth rate after 5 years = g = 6% b) Price of share at end of year 5 = P5 = (D0 * (1+g1) ^5 * (1+g))/ (R-g) Present Value of Price of share at end of year 5 = PV (P5) = P5/ (1+R) ^5 c) Price of share today = PV (D1) + PV (D2) + PV (D3) + PV (D4) + PV (D5) +PV (D1) + PV (P5) For exact calculation refer to attached excel sheet d) The following factors are followed by the Financial Managers of a company at the time of deciding the dividend policy of that company: Type of the Industry: The industries which generate consistent revenue adopt the stable dividend policy. On the other hand, the industries which generate uncertain revenues are conservative in the adoption of the dividend policies (Malik et al. 2013). The Age of Companies: New companies use to retain their earnings as they need capital for the business; they invest back the earning in spite of giving dividends. In case of the new companies, there are not any issues regarding investment; thus they give dividends out of the earnings (Rafique 2012). Leverage: Due to have debt liabilities, companies with greater leverages gives small amount of dividends (Obradovich and Gill 2013). Liquidity: Having large amount of cash reserves and other liquid assets, the companies are able to pay higher amount of dividends. Inflation: The companies use to pay fewer amounts of dividends and retail the earning at the time of inflation (Khan, Meher and Syed 2013). 2: F = Face Value N = Time period Since coupon is paid semi-annually, m=2 No. of time coupon is paid = m*n Coupon Rate = 9.875% R = Rate of interest a) Market Value of Bond = (C/m)/(R/m) * [1- 1/(1+R/m)^mn] + F / ( 1 + R/m)^mn b) The bond prices increase when the interest rate decreases and vice-versa. (Exact calculation is attached in the excel file) c) When the price of the bond which is trading in the market is higher than its par value, it is considered as the Premium Bond (Favara et al. 2016). On the other hand, when the price of the bond which is trading in the market is lower than its par value, it is considered as the Discount Bond (Elliott and Nishide 2014). d) The increase in bond price is due to the decrease in the interest rate and vice-versa (Malkiel 2015). 3: a) Debt D 300000000 Bonds Coupon C 0.09 time period n 15 m 2 time interval mn 30 Face value F 1000 Price of bond Pb 1440.03 Price of Bond = Pb = (C/m)/ (Rd/m) * [1- 1/(1+Rd/m)^mn] + F / ( 1 + Rd/m)^mn Input all values to calculate Rd Ordinary shares 14000000 Dividend D1 2.2 Growth g 0.05 Price of share P0 20 Price of share = P0 = D1 / (Ro-g) Input all values to calculate Ro Preference Shares 2000000 Price of share Ps 12 Dividend D 1.2 Price of share = Ps = D/ Rs Input all values to calculate Rs Tax Rate = t = 30% Value of debt = D = 300000000 Value of ordinary shares = Vo = Number of ordinary shares * Price of ordinary shares Value of preference shares = Vs = Number of preference shares * Price of preference shares Total Value of company = V = D+ Vo + Vs Weighted Average Cost of Capital = WACC = (D/V)* (Rd) * (1-t) + (Vo/V)*Ro + (Vs/V)*Rs b) The cost of capital is controlled by the Financial Managers by controlling the following factors: Capital Structure: The increase in cost of capital is caused by more amounts of debts. As a result the cost of capital is changed. The same is applicable for the equities Dividend: The cost of capital can be changed by the company by controlling the payout ratio. Policy of Investment: Cost of debt and cost of equity is changed with accordance to the investment policy of the company. Here, the risk factor needs to be considered (Barth, Konchitchki and Landsman 2013). 4: a) The Loan of Bank of America The amount Toyota plans to borrow = $5 million Term of the loan = 90 days Interest cost = Prime rate 1.125% = 6.25% 1.125% = 5.125% Interest cost = $5,000,000 0.05125 (90/360) = $64,062.50 The Loan of Daiwa Bank The amount Toyota plans to borrow = $5 million Termof theloan= 90 days Interestcost= LIBOR +0.75%= 4.2%+ 0.75%= 4.95% Interest cost = $5,000,000 0.0495 (90/360) = $61,875 The Daiwa Bank offers Toyota thelower cost loan with a lower interest cost of $61,875 versus $64,062.50. b) Yield to maturity (YTM) refers to the total return expected on a bond if it is held till maturity and all the payments are made as scheduled. YTM helps the financial managers in comparing bonds with different coupon rates and maturities (Billett, Hribar and Liu 2015). 5: Expected Cash flow in Korean Won = Cash flow (US millions) * Expected exchange Rate (won/$) Present Value of expected cash flow = Expected Cash flow in Korean Won / (1+R) ^t Where R = Discount Rate and t = time in years Net Present Value = Sum of all Present Value of expected cash flow Moon Rhee should proceed with the project as the Net Present Value (NPV) is positive provided that it has the enough amount of financial backing to invest such a large amount and wit for three to four years for the return (Pasqual, Padilla and Jadotte 2013). 6: Billys Tools EBITDA = Profit Depreciation and Amortization Earnings per share = EPS = EBITDA / No. of shares P/E = Price of share / EPS Enterprise Value /EBITDA = ((Price of share * No. of shares) + Debt) / EBITDA Johnson Machine Tools Ltd EBITDA = Profit Depreciation and Amortization a) Value of shares of company using P/E = P/E * EBITDA Total value = Value of shares of company using P/E + Debt b) Total value using value/EBITDA = (Enterprise Value /EBITDA) * EBITDA Value of shares = Total value using value/EBITDA- Debt 7: a) Scenario 1 Scenario 2 Selling Price 20 22 Demand 15000 13500 Variable cost 10 10 Fixed cost 100000 100000 EBIT 50000 62000 Depreciation and Amortization 20000 20000 Tax rate 0.3 0.3 Working capital 3000 3000 Free cash flow 52000 60400 EBIT = ((Selling Price Variable Cost) * Demand) Fixed Cost Free Cash Flow = EBIT (1- tax rate) + Depreciation and Amortization Working Capital Free Cash Flow will increase if the price is increased. b) Scenario Analysis is a more realistic tool for the assessment of the impact if different scenario on a project. There is a difference between sensitivity analysis and scenario analysis. Sensitivity Analysis considers the sensitivity of the Net Present Value (NPV) analysis to changes in the variable values (Gal and Greenberg 2012). On the other hand, Scenario Analysis considers the probability of the changes in NPV Analysis happening in the variables (Dutta and Babbel 2014). References Barth, M.E., Konchitchki, Y. and Landsman, W.R., 2013. Cost of capital and earnings transparency.Journal of Accounting and Economics,55(2), pp.206-224. Billett, M.T., Hribar, P. and Liu, Y., 2015. Shareholder-manager alignment and the cost of debt.Available at SSRN 958991. Dutta, K.K. and Babbel, D.F., 2014. Scenario analysis in the measurement of operational risk capital: a change of measure approach.Journal of Risk and Insurance,81(2), pp.303-334. Elliott, R.J. and Nishide, K., 2014. Pricing of discount bonds with a Markov switching regime.Annals of Finance,10(3), pp.509-522. Favara, G., Gilchrist, S., Lewis, K.F. and Zakrajsek, E., 2016.Recession Risk and the Excess Bond Premium. Board of Governors of the Federal Reserve System (US). Gal, T. and Greenberg, H.J. eds., 2012.Advances in sensitivity analysis and parametric programming(Vol. 6). Springer Science Business Media. Khan, M.I.K., Meher, M.A.K.M. and Syed, S.M.K., 2013. Impact of Inflation on Dividend Policy: Synchronization of Capital Gain and Interest Rate. Malik, F., Gul, S., Khan, M.T., Rehman, S.U. and Khan, M., 2013. Factors influencing corporate dividend payout decisions of financial and non-financial firms.Research Journal of Finance and Accounting,4(1), pp.35-46. Malkiel, B.G., 2015.Term structure of interest rates: expectations and behavior patterns. Princeton University Press. Obradovich, J. and Gill, A., 2013. Coporate Governance, Institutional Ownership, and the Decision to Pay the Amount of Dividends: Evidence from USA. Pasqual, J., Padilla, E. and Jadotte, E., 2013. Technical note: equivalence of different profitability criteria with the net present value.International Journal of Production Economics,142(1), pp.205-210. Rafique, M., 2012. Factors affecting dividend payout: Evidence from listed non-financial firms of Karachi stock exchange.Business Management Dynamics,1(11), pp.76-92.