Controlling (Principles of Management Mod 5 SLP) Essay

Controlling (Principles of Management Mod 5 SLP) - Essay Example In controlling, equity bank applies action accountability that holds each employee accountable for their actions. Having trained employees on their responsibilities, each employee is left to act under minimal supervision keeping in mind that the outcome of his/her action has either a positive or negative implication on his/her performance record. Operating in a very competitive industry, Equity Bank’s management uses controlling as business strength so as to move ahead of its competitors (Alembi, 2009), who seem to have similar strategic plans. As a matter of fact, all financial organizations in the region have almost equal capacities to acquire employees, resources and mobilize their clients. However, through action accountability, equity bank has managed to rapidly grow relative to other financial institutions. In implementing this control effort, the management allows for both internal and external control of their employees. Through internal control, the management relies on employees, especially heads of various departments but not restricting the lower class employees, to exercise self-control. In fact, the employees who are preliminarily motivate by the fact that they will be rewarded for extra ordinarily good performance, are allowed to fulfill their job expectations by their own will and procedures. Moreover, equity bank provides their employees with sufficient resources and clear performance objectives that enable them deal with millions of clients to whom they have to attend to. In addition to self-control, each employee is answerable to an administrator who minimally supervises him, and is linked with performance appraisal system and employee discipline system that reward or punish extreme cases of performance respectively. However, although there are rewards and punishments, the firm capitalizes on always correcting its employees in efforts to improving individual performance in

The Practice of Counselling Essay Example | Topics and Well Written Essays - 1500 words

The Practice of Counselling - Essay Example I might have a slight discomfort with the psychodynamic approach as the supervisor has to focus on student-counsellors' reactions to clients' transference/counter-transference issues. A supervisor should assist the student counsellor examine personal issues but only if these issues relate to problems occurring in the therapeutic relationship between student/counsellor and clients. Person-centred approach: the approach revolves around the self awareness of both the counsellor and the client. As such, it helps open door to such significant matters as power balance between the counsellor and a client, and the importance of communication between the two. I am more comfortable with the person-centred approach, as it lets a counsellor to exercise their discretion, thus allowing their patients to have authority over their experience regarding their problems. On the other hand, the psychodynamic approach helps break down a client's defences, as well as in the uncovering of unconscious motivations. The psychodynamic approach overemphasises on sex, aggression, and childhood experiences. It is also difficult to quantify and measure the concepts that are proposed, hence I not feel comfortable with this approach. On the other hand, the person-centred approach is more concerned with the attitudes and values of a therapist rather than their skills. The approach also disregards the significance of the past. What 5. What does this say about your personality What does it say about your approach to counselling What this suggests is that rather than being pragmatic, I value form. Additionally, this is an indication that as a person, I value listening and learning about others, as well as hearing from them what it is that they would wish to do with their lives. It is an indication that I like helping people to think about not just what they want with their lives now, but also in the future. It also indicates that my approach to counselling is one that is geared towards ensuring a coherent understanding of the communication process with a client. Chapter 5: Ethics Write a short essay (200 words) on the core ethical principals that were covered in Chapter 5 and if you have a personal example of an ethical dilemma, please include this - even if it has not been resolved. Ethics are not only guidelines but a personal philosophy and approach to the person's whole life. The counsellor cannot uphold being ethical in personal life and wear a different set of values in the professional life. The counsellor will certainly experience conflicts and lack of clarity in their work. The ethical principles provide guidance for accessing increased awareness and higher level of consciousness. The

A Violation Of Womens Human Rights

A Violation Of Womens Human Rights Violence against women commonly known as gender-based violence refers to violent acts ‎committed against women with the victims gender as a primary motive. ‎Violence against women is very common especially in developing third world countries and even ‎in countries with over suppressed societies for example in many regions of the Middle East. ‎Even in developed and modern nations still today gender- based violence is not totally ‎eliminated and still exists though comparatively the rate is lower than the underdeveloped and/ or ‎developing countries. ‎ It is like a plague that has engulfed and destroyed many homes and families and a situation that ‎needs to be addressed with complete focus as a healthy society produces healthy generations ‎which in turn results in healthy and prosperous nations. For years the problem has never been ‎addressed seriously and so far has ruined families and disturbed the society at large majorly due ‎to lack of awareness among the individuals.‎ The ever increasing day to day mechanical lives and expensive living cost is causing more stress ‎and depression in individuals, the matter instead of being curtailed by various relevant law ‎enforcing agencies, NGOs and concerned state organizations the occurrences of violence ‎incidents against women is on high increase. ‎There is a dire need to find ways to stop this as crises intervention cannot only address and ‎simplify the situation rather more serious steps are needed to curtail the devastating effects that it ‎has on children and families.‎ Every year millions of women are affected world over and majority of cases do not come on ‎record nor handed lawfully and this ignorance results in gradual increase in such unacceptable ‎acts against women. We will all agree here that such violence against women leads to physical ‎and psychological harm both, and at times the psychological scars are impossible to treat thus ‎damaging the personality of the subject woman for life time.‎ If a woman suffers such physical and emotional harm the whole society suffers and the final ‎impact is the suffering of the entire society. Thus this raises serious health concerns and requires ‎immediate action and prevention from violence from those who are the policy makers and various ‎agencies responsible for stopping this violence. ‎ The affected suffers from loss of trust, loss of dignity and a deeply compromised self esteem ‎that needs to be addressed along with factors like housing, economic support, social welfare and ‎legal issues being an integral part of the health promotion strategy. ‎The most common form of violence experienced by women globally is physical violence inflicted ‎by an intimate partner, with women beaten, forced into sex or otherwise abused.‎ In a study conducted by the World Health Organization (WHO) it was found that between 15% ‎and 70% of women experience physical and/ or sexual violence by a partner. ‎ According to a United Nations report at least one out of every three women around the world ‎has been abused some way or the other in her lifetime and that too by someone known to her.‎ According to a WHO report the impact of this gender- based violence on the society is deep and ‎directly burdens the health care services as women suffer serious physical injuries, death, sexually ‎transmitted diseases, miscarriages, acute depression and many other psychological health issues ‎resulting in weak and low physical health. And the states have to bear heavy economical costs in ‎billions per year.‎ A 2003 report by the US Centers for Disease Control and Prevention (CDC) estimates that the ‎costs of intimate partner violence in the United States alone exceed US$5.8 billion per year: ‎US$4.1 billion are for direct medical and health care services, while productivity losses account ‎for nearly US$1.8 billion.‎ We can have an idea of existence of this gender-based violence in various parts of the world ‎from the figures collected by the WHO while carrying out a study in 11 countries and according ‎to this study; ‎ The percentage of women who had been subjected to sexual violence by an intimate partner ‎ranged from 6 per cent in Japan to 59 per cent in Ethiopia. ‎Several global surveys suggest that half of all women who die from homicide are killed by their ‎current or former husbands or partners. ‎In Australia, Canada, Israel, South Africa and the United States, 40 to 70 per cent of female ‎murder victims were killed by their partners, according to the World Health Organization.‎ In Colombia, every sixth day one woman is reportedly killed by her partner or former partner. ‎Psychological or emotional violence by intimate partners is also widespread.‎ Up to 70 per cent of women experience violence in their lifetime, according to country data ‎available.‎Women aged 15-44 are more at risk from rape and domestic violence than from cancer, car ‎accidents, war and malaria, according to World Bank data. ‎ Female genital mutilation (FGM), defined by WHO as the partial or total removal of the external ‎genitalia or other injury to the female genital organs WHO estimates that between 100 to 140 ‎million girls and women have undergone some type of FGM. Most of those affected live in 28 ‎countries in Africa, although there are some in the Middle East and it also happens among ‎immigrant communities in some countries in Western Europe.‎ Rape and dowry related violations are also very common resulting in harassment of brides and ‎also dowry related deaths, particularly in certain parts of India and other southern Asian ‎countries. This violence is exercised not only by the husband but also by the husbands close ‎relatives (mother, brothers, and sisters). ‎ Acid throwing in some Asian countries such as Bangladesh, India, and Pakistan, the disfiguring ‎of women by throwing acid or burning them are forms of violence rooted in gender inequality, ‎but the immediate reason for this is often disputes concerning marriage and dowry. While this is ‎not one of the most prevalent forms of violence against women, its consequences are dire for ‎those women subjected to it. ‎ ‎ Honor killings this is the murder of a woman, usually by a brother, father, or other male family ‎member, because she has allegedly brought shame to her family. This phenomenon is rooted in ‎the notion of male honor and female chastity that prevails in many countries in the Eastern ‎Mediterranean region. It means a mans honor is linked to the perceived sexual purity of the ‎women in his family. If a woman engages in sex outside marriage or even if she is raped, she is ‎thought to disgrace the family honor. In some societies, the only way to cleanse the family honor ‎is by killing the woman/girl.‎ This kind of violence against women and girls is exercised also in western European countries ‎within immigrant families. It is generally referred to as honor killings-a rather misleading ‎term as the connection with honor is difficult to understand in most cultures. The term murder ‎in the name of honor has been suggested. ‎ There was this case of honor killing of 3 daughters and their mother who was murdered in ‎Canada and bodies dumped under a bridge by their own father with the help of his second wife ‎who were immigrants there and belonged to an Asian country. ‎ In Saudi Arabia where I used to visit frequently almost every year as my spouse was working in ‎Jeddah I witnessed many cases where in men when going for work locked their wives from ‎outside till the time they were back home in the evenings the reason being lack of trust on their ‎spouse and during one such incidence the house caught fire due to short circuit and the wife, ‎maid and an infant child were rescued by the neighbors through apartment windows as the door ‎to the house was locked from outside by the husband who had left for work. I left the site ‎wondering how much black smoke these three must have inhaled especially the infant child and ‎what effect it would have had on their lungs?‎ With the passage of time and increasing awareness especially in girls / women due increasing ‎literacy rates among women such violation is now getting well recognized as a public health ‎problem and human rights violation of worldwide. ‎ The states and working organizations for prevention and betterment of societies are now realizing ‎how this relates directly to the public health sector.‎ More and more need have arise to take appropriate measures and proper trained health workers ‎are being placed close to the victims of such violation who are also well acquainted with the ‎community they work for and its inhabitants.‎ The local health services and communities need to play their role and create awareness among the ‎public to prevent such incidents. ‎ The Central and Federal government bodies need not only to make strict laws for the prevention ‎of gender-based violence but ensure effective implementation as well.‎ The most effective way to reduce tolerance towards violence against women is to openly debate ‎the subject as still there is limited knowledge regarding most workable interventions for the ‎prevention of gender- based violations.‎ References †¢ ‎ www.health.state.mn.us/divs/hpcd/chp/hpkit/index.htm †¢ http://futureofchildren.org/futureofchildren/publications/docs/‎ †¢ http://heapro.oxfordjournals.org/content/21/suppl_1/25.full †¢ Violence Against Women the United Nations ‎ www.un.org/en/events/endviolenceday//UNiTE_TheSituation_EN.‎ †¢ Violence against women Gunilla Krantz, Claudia Garcia-Moreno †¢ http://www.wikigender.org/index.php/Violence_against_women

Management :: Business Management

Management Past Structure Marks and Spencer used to be structured under a Functional or U-Form design which works by breaking the company into departments like operations, marketing, finance, human resources, and research and development. This design works well with smaller companies but with bigger companies there is too much information for the top manager to handle and deal with. This is exactly what happened to Marks and Spencer. In 1991, Sir Richard Greenbury took over Marks and Spencer for seven years and structured the company to fit the Functional design. He made the company very aristocratic and rigid where by â€Å"Head office knows best† (The Economist). This created an atmosphere where by the company focused on their products instead of focusing on their customers. Although Marks and Spencer grew and made huge profits within this time, in 1998 their profits fell very quickly and sharply. Marks and Spencer closed a chain of stores which they owned in Canada and rumours were spreading th at they would also close two chains of stores which they owned in the United States. The combination of Marks and Spencer’s quick expansions and the aristocratic rule had definite visible implications on Marks and Spencer’s well-being. The combination of Marks and Spencer’s aristocratic rule and structure just couldn’t handle everything that was going on. Another one of Marks and Spencer’s weaknesses stemmed from their heavy reliance on inside promotions. The company would hire college students and have them work their way up the ladder. Very rarely did the company hire outside candidate for senior positions. This prevented outside innovations from coming into the organisation. Reformed Structure In 1998 Marks and Spencer needed to do something drastic because it was losing out on its market share and their reputation was going down the tubes. The company decided it was time to restructure. The new structure of Marks and Spencer would be more like the Conglomerate or H-Form design. In this design the organisation is set up basically as a holding company comprised of unrelated products. The new Marks and Spencer would have seven different business units: women’s swear, men’s wear, lingerie, children’s wear, food, beauty, and home. This would allow the company to create a more flexible structure which could respond to the fast changing environment. This flexible structure would give autonomy to individual business units helping them tailor to their customers better.

Psychological Factors: Axis of Healthcare Setting Essay

Even as the development of medical science and the technology of its instruments have taken modern healthcare system to a state-of-the-art height, the effective management of psychological factors still prove to be the axis of healthcare, where human touch and a thorough understanding of psychology are bare essentials to complement its other part. The medical science too admits it and accordingly various disciplines of study have come up to understand the finer details of human psychology that are entwined with the overall healing process. Thus this essay explores the necessity and scope of health psychology, besides its inherent elements that have bearings in healing process, before reaching its conclusion. What is Health Psychology? Bio-psycho-social factors create a lot of impact on our health and well-being. Health psychology studies those impacts with an aim to eliminate the negative elements in bio-psycho-social factors besides incorporating the positive ones. Accordingly it encompasses areas like stress, coping strategies, perception of pain, personality determinants of health etc. besides the immune response to stress (psychoneuroimmunology). Therefore, health psychology altogether covers a vast area of study and observation on human behavior, where it probes personality variables or traits and social environment before linking one’s impact on the other – as for example, whether stress in a person could lead to minor or major ailments, ranging from cold to cancer. In all, health psychology works on the interaction between physiological and the psychological system. Accordingly, â€Å"biopsychosocial paradigm of health based on a bi-directional model (Knight & Carnic, 2004), propelled by the concept that health psychology can be instrumental in detection and alleviation of disease, as there is a strong coordination between body and mind. Even the World Health Organization (WHO) recognizes it significance and in fact lamented that this area of healthcare needs more thrust, where it could forge a â€Å"new alliance between mental and physical health disciplines† (WHO, 1997). From this perspective, there is tremendous scope of development in the field of health psychology, as it a dynamic subject with a plethora of variable factors, which constantly hint on thousand of probabilities. How It Works While any illness is bound to create an emotional impact on the patients, the caregivers too cannot escape such effects. Thus coping with illness requires mental efforts from everyone involved in the proceedings. A study conducted over 150 patients affected with various forms of psoriasis identified the â€Å"existence of psychic stress in 69% of all cases†, which, with the â€Å"involvement of a Liaison psychiatrist† proved to be immensely important towards their cure (Simonic et al. , 2000). Besides these, there are ethical and practical consideration too command in-depth understanding of psychological factors that stand between illness and effective care – especially when the severity of illness can inject pessimism in the patients or when patients’ erratic behavior under circumstance can influence the caregivers’ behavior. Patients can emotionally be vulnerable due to physical conditions, and that can heavily influence their personality traits; in such situations, application of empathy and respect from the healthcare professionals’ side can help to restore the situation. Therefore, appropriate knowledge on health psychology can equip the caregivers for such situations. Significance of Psychoneuroimmunology Popularly known as PNI, psychoneuroimmunology deals with the interactions among behavior, brain and the immune system, aiming at determining its potential for mediating the effects of psychosocial factors in illness and disease. The significance of PNI can be understood from a single fact that stress alone carries the possibility of 68 diseases, most of which are deadly. This state of affairs definitely commands a thorough view of health from the biopsychosocial perspective of health to counter stress. A brief description of stress would be pertinent here to further explain the significance of psychological factors in healthcare. Stress, the Dreaded Menace  Hans Selye proposed one of the most acclaimed definitions of stress in 1926, in which he said, â€Å"Stress is the non-specific response of the body to any demand placed upon it† (14 Day, 1991). He observed that stress stems out from the situations where humans face external changes or demands. This definition clearly indicates that no one can escape the influence of stress, as human life constantly faces such situations. This also clears the deck that external influence on humans will stay all along and thus biopsychosocial factors are embedded with any health problem. If stress is now considered to be â€Å"an excessive or inappropriate activation of the body’s fight-or-flight response† (14 Day, 1991), then it has to be given its due importance in sphere of healthcare, where it should be armed with adequate knowledge about how stress can aggravate the health problems and how it can be diffused. That is where â€Å"Psychoneuroimmunology† steps in, delving deep into the relationship between the immune system and brain and observing the outcomes of its chemistry. Psychoneuroimmunology and Healthcare  According to PNI, â€Å"every part of our immune system is connected to the brain in some way, be it via a direct nervous tissue connection, or by the common chemical language of neuro-peptides and hormones†, where it suggests that the immune system, â€Å"which keeps us free from external invaders besides maintaining internal homoeostasis, is sensitive to outside influences† (Kooker, 2001). This is substantiated by the fact that chemicals secrete in the brain in response to mental-emotional processing like moods and feelings. PNI was accepted as a new discipline in Yale University as early as in 1977, though then it was known as Behavioral Medicine, an outcome of the realization about its significance towards providing total therapeutic solution to patients. Boiling down to its simplest possible form, PNI collects healthy habits that can enhance the power of immunity in humans. This speaks of its broad range of activities, where it weighs the biopsychosocial factors to reach at the core of the health problem. In fact PNI provides much needed attention on the dynamics of body-mind interactions where it acknowledges the fact that â€Å"our brains secrete hormones in response to our thoughts† (Lorraine, 2003). Thoughts Hold the Key The discoveries through PNI have proved that it healthcare cannot afford to keep psychological factors out of consideration. It has shown that thoughts, no matter where it comes from outside or from the subconscious, can heavily influence the body condition. Alongside, researches to this direction have been able to bring out the positive application of thought. Thus the benefits of PNI have already been established. As for example, Neuroscientist Andrew Newberg of the University of Pennsylvania School of Medicine has able to determine the brain regions that respond to meditation, besides identifying the stress zones under duress (Lorraine, 2003). Findings like these would surely help in both enhancing immunity and preventing stress, as new techniques in stress management have already been stemming out of these findings. Benefits of Transcendental Meditation  Aligned to the progress of PNI as stated above, several techniques of thought regulation or control have been doing rounds. As for example, transcendental meditation has been found to produce a very beneficial state to human body, where it reduces blood pressure, respirator rate, oxygen consumption, blood flow to skeletal muscles, perspiration and muscle tension (Lorraine, 2003). This clearly shows that psychological factors are embedded with well being and in no way they can be kept outside the periphery of routine healthcare system. Physician’s Viewpoint â€Å"We must work as psychologists to erase the line between health and mental health in research, practice, and public policy†, says Norine Gl Johnson, the former president of American Psychological Association in 2001. In her presentation at prestigious Psi Chi Distinguished Lecture she clearly points out the necessity of intertwining health and psychology, where â€Å"educators must be at the forefront of presenting to students and future psychologists the latest in psychology health research and health practices† (Johnson, 2002). Nancy’s words only corroborates the age-old vision that medical treatment cannot be provided without the help of psychology, because psychological factors are the integral part of both illness and well being. Discussion On one hand the researchers have proved the deep impact of psychological factors on both patients and caregivers, while the discoveries regarding the efficacy of new techniques stemming out of modern research and study on biopsychosocial factors clearly show that they are no less potent tools towards managing illness as well as fostering well being. The negative impact of stress or the positive influence of transcendental meditation as cited by studies above amply proves this fact. Accordingly, these facts have already been doing rounds in social and academic circles, thereby convincing people about the impact of psychological factors on both illness and well being. This state of affairs virtually makes it impossible for any healthcare setting to do without any provision of measuring psychological factors involved in any illness. Besides this, the healthcare professionals too would be interested to be equipped with adequate knowledge and application techniques of psychotherapies, which would, in a way, work as their own shields against job stress associated with care giving. Conclusion Evidences show that psychological factors have great bearing on illness and its healing, thereby automatically qualifying them to occupy an important part in the healthcare setting. Going by the experts’ opinion, it can be said that recognition of psychological factors in healthcare setting would not be an encroachment in the domain of conventional healthcare, but would be the advent of a new horizon in its sphere, where it would add tremendous value to the healthcare processes. Therefore, psychological factors form the axis of healthcare in modern day setting, in spite of the presence of state-of-the-art gadgets and availability of effective medicines.

A Comparative Study between Johann Sebastian Bach and George Frideric Handel

Johann Sebastian Bach and George Frideric Handel were both Baroque composers who used the Italian and French styles that were the basic language of the Baroque. The study of Bach and Handel is interesting because of their marked similarities and subtle differences. Bach and Handel were of Saxon ancestry. They came from neighboring towns, Bach from Eisenach, Handel from Halle, and were born but one month apart in the same year, Handel in February, Bach in March, 1685 (Young, 1962). They were both masters of concerto in all its forms:sonata;suite;fugue;opera;cantata;both sacred and secular;oratorio;mass;passion.Both Bach and Handel learnt their art by making copies of all the works of acknowledged masters. Bach and Handel were studious copyists throughout their lives. Besides Johann Christoph, Bach took as models the Italians, Frescobaldi, Corelli, Vivaldi, Lotti, Caldara, Legrenzi, Marcello and many others. His special interests led to keyboard music, to violin music and to choral mus ic. Handel, under Zachau, made an anthology of excerpts from Froberger, Kerll,Strungck, Johann Krieger. During his later career he was influenced by Alessandro Stradella, Giacomo Carissimi, Georg Muffatt, Karl Heinrich Graun, Giovanni Clari and others.Though they sound like brilliant stars rising at the same time, they charted their different paths in music according to their individual natures. There was no musical tradition in Handel's family, his father was a prosperous surgeon who intended George Frideric for the Law; on the other hand members of the Bach dynasty had been for generations conspicuous in musical affairs in Thuringiaevering. Bach remained within the boundaries of his Saxon fatherland throughout his life and was a good citizen and was the father of twenty children.Handel, on the other hand was the man of the world, honored all over Europe. He was bold and outgoing in nature. The one tragic similarity in their lives is that they both went blind at the end of their li ves (Young, 1962). While Bach's grave was forgotten, Handel, who died nine years later, in 1759, was laid to rest in the English pantheon, Westminster Abbey. In those days, music was solely written for the sole purpose of immediate performance, its preservation beyond that moment being a secondary consideration. â€Å"Occasional† or commissioned work used to be the rule.Bach wrote his cantatas for the services of St. Thomas' Church in Leipzig, and Handel wrote his operas for special performances and strictly to suit the voices of the personnel that happened to be available. Bach’s work was mostly unrecognized and neglected for many generations till the 19th century. He was recognized as a great musician by the world only 75 years after his death. The later 18th century knew Bach mainly as an instrumental composer who wrote especially for the organ and the piano (Bekker, 1927). People tended to interpret Bach’s from diverse viewpoints.Bach used to be considered a contrapuntist pure and simple, a learned musician who treated music as a sort of mathematics (Bekker, 1927). From this viewpoint, Bach seemed to be principally a servant of the church, a sort of Protestant Palestrina who also wrote secular music. Later it became apparent that he could not after all be counted simply as a composer of Church music, so he was looked upon as a romantic poet. The romanticists, declared that Bach was the archromanticist, and should be interpreted with the utmost feeling and expression.Some felt that Bach's music was inherently emotional (Bekker, 1927). Whatever the angle of perception, Bach came to be regarded as the great builder of musical form. Contrastingly, Handel, the cosmopolitan composer and impresario, was internationally famous in his own lifetime. He was primarily a writer of oratorios (Young, 1962). His instrumental compositions were not considered serious enough for study. The Italian operas which he composed in were considered worthless in the eyes of the critics of that period (Bekker, 1927).Today however, things have changed and Handel's operas are in the repertoire of nearly every great opera-house (Bekker, 1927). Bach used a personal synthesis of the Flemish and Italian styles with German counterpoint, Handel showed a strong early inclination toward the extroverted and dramatic world of Italian opera (Krantz, 2007). In short, it can be said that Bach looked inward and Handel outward. Bach composed cantatas and organ music and, by his genius and talent for seeing holistic symbolism in words and music, he extended the character of his models (Young, 1962).Handel, more fluent, more rhetorical, and a free agent with his way to make in the world seized the formalized patterns of entertainment music in secular cantata, in oratorio, in opera, and in instrumental music (Young, 1962). Both Bach and Handel had different personalities. Bach was an introvert whereas Handel was an extrovert. Handel assimilated the various nati onal styles and specialized in each of them separately. Bach assimilated the various influences with his own personal style and arrived at a fusion of national styles in which the single elements are inseparable (Dorak, 2002).The main works of Handel are his operas, written from an universal perspective for an international public. The main works of Bach are his cantatas, written for the local churches, and his passions, the monuments of his liturgical severity. Handel, being a widely traveled musician has visited many international centers of music. Bach, on the other hand confined himself within the limits of central Germany. Bach’s great works include the Passacaglia and Fugue in C Minor, most of the great preludes and fugues, and the 45 chorale-preludes gathered in Das Orgelbuchlein [the little organ book].His instrumental compositions are the Chromatic Fantasy and Fugue; the English Suites; the French Suites; the Two-Part and Three-Part Inventions; and Book I of the cele brated Well-Tempered Clavier. He also wrote several unaccompanied violin sonatas and cello suites, and the Brandenburg Concertos, recognized as the best concerti grossi ever composed. The St. John Passion was performed (1723) at Leipzig and his Magnificat was presented shortly after he assumed that post.Many more of his superb religious compositions followed: the St. Matthew Passion (1729), the Christmas Oratorio, the sonorous Mass in B Minor, and the six motets. The principal keyboard works of this period were Book II of The Well-Tempered Clavier and the four books of clavier pieces in the Clavierubung and the Goldberg Variations. His last notable compositions were the Musical Offering composed (1747) for Frederick the Great and The Art of the Fugue (1749). In all his positions as choir director, Bach composed sacred cantatas—a total of some 300, of which nearly 200 are extant.There are also over 30 secular cantatas, composed at Leipzig, among them Phoebus and Pan (1731). Th e bulk of his work is religious. In his instrumental and choral works he perfected the art of polyphony, displaying an unmatched combination of inventiveness and control in his great, striding fugues (The Columbia Encyclopedia, 2004a). Handel's 46 operas include much of his finest music; among them are Julius Caesar (1724), Atalanta (1736), Berenice (1737), and Serse (1738), which contains the tenor aria now known as Largo. Handel's opera, ‘Messiah’ was presented in Dublin in 1742.An essentially contemplative work, it stands apart from the rest of his 32 oratorios, which are dramatically conceived, and its immense popularity has resulted in the erroneous conception of Handel as primarily a church composer. Other outstanding oratorios are Acis and Galatea (1720), Esther (1732), Israel in Egypt (1736–37), Saul (1739), and Judas Maccabeus (1747). He also composed about 100 Italian solo cantatas; numerous orchestral works, and the anthem â€Å"Zadok, the Priest† (1727) for the coronation of George II, which has been used for all subsequent coronations (The Columbia Encyclopedia, 2004b).There is one particular text that was set to music by both Bach and Handel. This is Eilt ihr angefocht'nen Seelen in the Passion Oratorio (by Handel) and in the St. John Passion (by Bach). They used the same key and the same pictorial representation of ‘haste', and the choral interjections at dramatic points are also common. Bukofzer, however, has opined that Handel's music is inferior because it lacks the highly individual stamp that distinguished Bach from all other composers (Dorak, 2002). When one considers their particular musical styles, Johann Sebastian Bach's music is not pompous, not theatrical; it is not court music, not gala music.His music was essentially introspective music; he did not think of the audience for whom he composed; his music is the product of his inner reflections. It is an outward expression of his tender feelings. Even in the most grandiose and eloquent moments of his â€Å"Passions† he still remains intimate. Bach’s music thus addressed itself mainly to the connoisseur. Handel wrote for the world, for the court, for the stage. His music is naturally brilliant; he has the gift for clear sonorities and powerful rhythms, which make a physical impression on the crowd, exalt and carry it away.His breadth and simplicity of design make his work illuminating, he is popular. But Bach's art is one that aims to say many things in an instant – in a single word (Landormy & Martens, 1927). This richness sometimes made it difficult for people to understand and appreciate. Handel focuses most on the harmonic clarity of his ensemble; he makes choice of what he wishes to say, he is sober, concise; He prefers to use the simple air of accompanied monody rather than polyphonic complexities (Landormy and Martens, 1927).Dynamic patterns in music were principally of two types: the melodic, which made use mainly of the voice and is known as thorough-bass, and the contrapuntal, which made use mainly of instruments and is mistakenly called polyphony (Bekker, 1927). On the superficial level, one may find that Bach is a composer of instrumental music in contrapuntal style and Handel on the other, a composer of vocal music in thoroughbass style. Some might classify the work of Bach, the pious man as subjective and Handel, the worldly man as an objective type. But these distinctions are not firmly based.Both were religious men who were also practical in their approach. They were both introspective as well as objective and both wrote vocal as well as instrumental music, and both made use of thorough-bass as well as of contrapuntal forms. They figured bass and counterpoint, and although they performed individually, they were also teachers in singing. They even chose to specialize in the same musical instrument: the organ. Bach lead his congregation in the singing of cantatas on Sundays o r the Passions on high holidays at St. Thomas's church at Leipzig much in the same way as Handel conducted his operas and his oratorios (Bekker, 1927).Bach’s music can be termed as intensive melodies whereas Handel’s music can be termed extensive melodies. Bach uses very dense contrapuntal texture with complex and chromatic harmonies. On the other hand Handel uses a simple template for his expressions and hence his work is meant for instant sensuous appreciation. The extensive quality of Handel's melodies allows his music to be amplified whereas this is not possible in the case of Bach's music. Amplification would destroy the transparency of the contrapuntal process. The vocal component of Bach’s music is very difficult to perform.There are disjunct movements and awkward intervals. There is no overlapping between the instrumental and vocal lines. In fact, the free-voiced choral polyphony of Handel and the strictly linear, instrumentally conceived polyphony of Ba ch form the two poles of late Baroque music (Bekker, 1927). Handel considers the flow of ideas more important than elaboration whereas to Bach, elaboration is more important. The fast changing textures in his choral writing clearly indicate that for Handel, counterpoint is only a means to a dramatic end (Krantz, 2007). On the contrary, Bach takes it as an end in itself which must be consistent.By nature of its conception, Handel’s counterpoint reaches its apex through the vocal medium. Handel’s work depends so much on the vocal component so much so even his keyboard fugues seem to call for text and become most excellent in vocal form. This accounts for the success of Handel in vocal music (Krantz, 2007). Bach is more adept at the instrumental form. Bach prefers to submit his choral polyphony to an instrumental standard. To quote Tevfik Dorak: â€Å"In the flexibility of his choral idiom, Handel surpasses Bach in the same measure as Bach surpasses Handel in contrapunta l consistency† (Dorak, 2002).One of the major differences between them lay in their individual conception of tone. A person who conceives tone vocally will also feel instrumental music as vocal, and the person who conceives tone instrumentally will also feel vocal music as instrumental. Some comparative features among the two great masters are as follows (Dorak, 2002):Bach conceived tone instrumentally and Handel vocally.Bach focused a lot on spiritual music and created profoundly religious cantatas, passions and masses. Handel treated even religious theme based oratorios such as the â€Å"Messiah† with a theatrical effect. This was more popular to the middle class audience.The vocal component of his music was used essentially as a melodic instrument with the most intricate demands of counterpoint expected of it. Handel's writing for the voice is completely idiomatic and the freer contrapuntal textures are more vocally conceived and are contrasted with powerful choral w riting.Handel demonstrates the Italian conservatism in his music and uses very simplified form. Bach is conservative in his adherence to the complex polyphonic texture, but progressive in his choice of modern forms, such as the concerto form of Vivaldi. Similarly, the organ style of Handel is clearly influenced by the idiom of the harpsichord as the opposite is true for Bach.Bach is related to the immediate future in his attitude because of modern day focus on instrumental music, while Handel is related to the past. On the other hand the melodic, homophonic figured bass chosen by Handel is more relevant to modern music than Bach's contrapuntal style. Thus both these composers are in some ways relevant to the past and in some other ways relevant to the future. The two great masters of the Baroque period were not beyond criticism.Bach was criticized because he was too intellectual and, paradoxically, because an excess of reason conflicted with the aesthetic precepts of the Age of Reas on. Handel was criticized for exceeding the conventional in the extras which he introduced into his orchestration to underline his dramatic appreciation of scene and situation. Whatever be the criticisms, it remains undeniable that these two masters of Baroque were outstanding in their natural talent. Though they belonged to the same place and same period and produced musical works of similar genre, they differed in their styles of expression.This difference actually was a major asset to these great masters who remained true to their inner beliefs. The honesty of expression combined with their outstanding talents has helped define baroque music.BibliographyDorak, Tevfik (2002). Handel and JS Bach. http://www. dorak. info/music/jsbgfh. htmlBukofzer MF. Music in the Baroque Era. WW Norton & Company Inc. NY, 1974, pp. 345-9.Krantz, Allen (2007). George Frideric Handel. http://www. classicalarchives. com/bios/handel_bio. html Landormy, Paul and Martens, H. Frederick (1927).A History of Music. Charles Scribner's Sons. New York. 1927. The Columbia Encyclopedia (2004a).Bach, Johann Sebastian. Sixth Edition. Columbia University Press. New York. 2004 The Columbia Encyclopedia (2004b).Handel, George Frideric. Sixth Edition. Columbia University Press. New York. 2004. Young, M. Percy. (1962).The Choral Tradition: An historical and analytical survey from the sixteenth century to the present day. W. W. Norton Publishing. New York 1962. Bekker, Paul (1927).The Story of Music: An Historical Sketch of the Changes in Musical Form. Translated by Alice Kortschak and Herter Norton. W. W. Norton and Company Inc. New York. 1927.

World Stock Market Essays

World Stock Market Essays World Stock Market Essay World Stock Market Essay 1.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   What has happened to the main World Stock Markets during this week? Give   Ã‚  Ã‚  Ã‚   brief reasons for the main stock market movements in the United States, UK,   Ã‚   Europe and Japan.The world of finance has a very strong tendency to fluctuate at slightest of the changes to major world currencies. The same behavior was observed in first week of March’07 beginning on 5th of the month. The market opened with strong yen and hence depreciated dollar, euro and other major currencies (Dennis, 2007). The US dollar showed a slump of 1.2 percent with one dollar yielding Y115.43. Euro also slumped to Y151.57 with yen gaining strength the global equity market. The stock markets all around the world showed a steep fall. Tokyo Nikkei225 fell to 16,642.25 and observed one of the biggest single-day losses for the current financial year and lost up to 3.3 percent.   Similar fall was observed in almost all major exchanges of Asia with Hong Kong’s Hang Sang Index leading the chart. This exchange suffered one of the highest single day losses of the history with index losing almost 4 percent. Major   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   exchange of Singapore, Taiwan and India also observed a fall of 3.1percent, 3.7 percent and 3.7 percent respectively. European stocks responded in the same manner following the fall of Asian markets. The major mining corporations and banks were the biggest loser and London’s FTSE 100 lost around 1.2 percent and slide to 6,043.5.us market losses were a bit mild and Dow Jones Industrial average shed 0.2 percent and at the same time NASDAQ composite lost 0.8 percent (Dennis, 2007). So stock market in almost all major industrial as well developing nations saw a fall. The rise of Yen caused major loss of wealth of investors both retail as well as institutional investors losing a considerable amount of money.But the global financial market continued to show its e rratic behavior and as a surprise for everyone, it calmed on the very next day. Though equities market gave varying results, the currency and bond markets got stabilized to a larger extent. The market surveyors had paused and very much unsure of how is it going to react now. The release of critical US employment data could be released on the very next day and the report will have its own effect on the performance of the markets comprising of equity as well as bonds and securities.On March 06, 2007, world equity market showed remarkable recovery and staged a rally with the end of yen’s rise (Shellock, 2007).The fastest among all were Asian stocks with Nikkei 225 in Tokyo ended 1.2 percent higher. This rise was mainly due to yen weakness and recovery observed in some sectors hence this gain was achieved after a five session losing streak. Other major markets which recorded a gain of 2 percent or more were Hong Kong, Seoul, Sydney, Mumbai and Shanghai European and us stocks also followed the same trend with new York’s NASDAQ composite saw a gain of 1.7 percent and the Dow Jones industrial average increased by 1.5 percent and Brazilian Bovespa index was 3.2 percent higher. In the end its was the end it’s was the recovery made by dollar and euro gains yen caused the improvement (Shellock, 2007).2.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Briefly discuss the main developments in the foreign exchange markets and the    interest rates. Include references to the performance of the sterling and levels of     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   interest rates at home and abroad. Discuss developments and forecasts.Changes in the interest rate of different during the week starting 5 marches’07   Ã‚   and ending on 10 March’07, made by different national central banks played on   Ã‚  Ã‚  Ã‚  Ã‚   important role in the foreign exchange markets. Market performances also    become a reason behind speculation of internet rate hike U.K. re tail sector saw 5.6   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   percent growth causing 0.3% rise in sterling (Shellock, 2007). The sterling rise   Ã‚   kept forwarded another case to bank of England to raise U.K. interest hike.   Ã‚  Ã‚  Ã‚   Japanese’ yen’s rapid   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   rise caused the face in almost all major exchanges of the   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   world. Japanese investor preferred to invest abroad for better return. With japans   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   interest rate at just 0.5 percent, investors’ interest in overseas market got a   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   overshoot. But the very next day, yen’s lost its momentum and the market   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   showed some recovery, with   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   European shared showing better performance. at the   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   end of last session on march   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   07, the previous forecast of bank of England raising   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   its benchmark rate become untrue and rate of interest remained at 5.25%.but   Ã‚  Ã‚  Ã‚   European central bank as suggested in a new forecast, was expected to raise   Ã‚   its benchmark interest rate by 25bp taking the rate to 3.75% so, the market   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   trend suggests the lower risk appetite among investors and even a minor rise of   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   25 bp by a national central banks keeps the investors within the country (Dennis,     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2007).3.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Look at the section that lists all new international bond issues each day (Company   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   and Markets Section). Discuss a few examples of major bond issues that were    launched this week. Highlight any special features of these bond issues.The week of March 5-9 2007, was abuzz with issue of a number of international bond each day with total number expanding to 42. out of 42 international bonds   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   25 were issued in euro with republic of France issuing bonds of worth 4 billion   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   euro with maturity in 2040.other major euro bonds were of the value 2 billion by   Ã‚  Ã‚  Ã‚  Ã‚   Daimler Chrysler 1.2 billion each by ATT and Commerzbank and santanfer   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   insurance issued a bonds of the value 11.5 billion euros with maturity in march    2017. ATT also raised almost 600 pound sterling with maturity in march 2027.   Ã‚  Ã‚  Ã‚   similarly Deutsche bank raised 22 billion yen on floating rate note with maturity   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   in march 2012and 38 billion yen again with maturity in march2012. Deutsche   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   bank also raised around 150 million Swiss France with maturity in October 2011.    US dollar international bond were issued by only two borrowers with JBIC being   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   the first and the value 750 million and maturity in march 2012 and Pusan Bank of   Ã‚  Ã‚  Ã‚  Ã‚   South Korea issued international bonds of value 200 million with maturity in   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   march 2017.4.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Choose any article in the FT this week that relates to the role of the IMF or the   Ã‚   World Bank and provide a short explanation of the key aspects of the article.The financial Times on March 02,07 published an article â€Å"The Economy need to   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   damp demand and boost investment†   Ã‚  by Christopher condom giving details of a   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   robust performance of Romanian Economy .it joined the European Union and   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   double digit growth in wages with rapidly increasing purchasing power of    common Romanian Public fuelin g massive growth in demand. the later pact of the   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   article took a condition note of the above cautious   note of the above mentioned growth with an IMF mission using Romania’s Central Bank and government to   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   make some change in Monitory and fiscal policy of the nation so that rising   Ã‚  Ã‚  Ã‚   demands caused (Condon, 2007).The article has talked massive foreign direct investment and remittance from   Ã‚  Ã‚  Ã‚  Ã‚   Romanians settled abroad thereby strengthening the Romanian currency against   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   the Euro and making the Import a cheap proposition. Romanian investment sector   Ã‚  Ã‚   is abuzz with several investors namely Ikeas, a Swedish furniture retailer, Selgros   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   and Tengelman of France. The year 2006 saw an influx of almost 9bn euro in   Ã‚  Ã‚  Ã‚   form of foreign direct investment and out of these almost 15 per cent went to retail   Ã‚  Ã‚  Ã‚  Ã‚   and other trading operations. The new picture depicts the economy as more of   Ã‚  Ã‚   shop oriented and the country is more like a shopping hub instead of a technology   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   and manufacturing and service oriented. The approach economists have suggested   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   actually concentrates on heavy investment in manufacturing sector with the use of   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   new technology. The focus should be more on new age factories with proper    impetus being given on service sector and employment generating options like   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   BPOs and call centers. The country should be viewed more as an export hub   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   rather than a centre for market places. The productivity gains need to be kept in   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   the same zone where the current state of wages are while harassing the benefits of   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   cheap but productive labor. The investment in that form is arriving like the one   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   from Microsoft. The newly created customer support facility is expected to   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   provide employment to more than 100 people. This sort of investment will   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   actually create a new class of work force who are not only technically sound but also fit   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   enough to work in an environment best suited for the current information   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   based economy (Condon, 2007)..  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   But the higher demand had been referred as a matter of concern and has a   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   capability to widen the current account and will provide the declination of   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   inflation an opposite thrust. IMF also approved the government is plan of higher   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   p ublic sector wage and reiterated the government to reduce demand and boost the   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   new status of investment (Condon, 2007)..5.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Look at the developments and news in the transport sector and prepare an   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   informative and concise briefing for the manager including a reflective analysis.Financial Times published a number of articles related to transport sector in the    week March 05 -09’ 2007. An article published March 05 talked about David   Ã‚   Miliband’s call for Emission reduction in the transport sector. He suggested the   Ã‚  Ã‚   inclusion of Road Rail Transport in European Union’s Emission Trading   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Scheme after 2012. Being the environment Secretary, he cited Sweden as an   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   example that UK should follow (Hall, 2007).The Geneva Motor show was abuzz with emission issue. a report by John Reed    gav e a detailed information of different concepts car based on Bio Ethanol Fuel.    Several prominent Vehicles manufactures displayed their Hybrid Concepts   Ã‚  Ã‚  Ã‚  Ã‚   Sports car. Honda, Toyota BMW are some of the reputed names working in   Ã‚  Ã‚  Ã‚   this directions, Green commercial vehicles were also given complete coverage   Ã‚   with ENOVA System leading the chart (Reed, 2007).Another report published on March 06 talked of the processes involving    liberalization of Trans Atlantic Aviation. The talks for the same was making   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   round for the last four Years. And now after getting positive responses from Both   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   British Airways Virgin Atlantic, US negotiator John   Byerly called this treaty   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   as a Cash generating Machine for the above mentioned   carriers   the deal is now   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   waiting for the approval by European Union Transp ort Ministers (FT., 2007).Under world news section, financial Times published a report aim aviation sector   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   woes in Indonesia. On March 10 2007, reported by John Aglionby, the article   Ã‚  Ã‚  Ã‚  Ã‚   talked about divided Expert opinions on safety factor in aviation sector in   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Indonesian Domestic region. In an exclusive interview to financial times   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Indonesia Transport Minister Hatta Rajassa showed his concern in the rising   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   number of accidents among Indonesian domestic flights .the article also    mentioned about the experts who are lamenting on faulty safety norms by   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Domestic carriers (Aglionby, 2007).A report published on March 10, 2007 mention of the rising sales of new cars in Iran. The country is normally in news for its verbal conflicts with US on issues   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   related to U.S. policies on Iraq and the rising nuclear capability of Iran. The report has talked of the competition between the two international car manufacturers in   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Iran’s domestic car market. The French carmaker the Renault started the pre-salesof Tondar-90 which is actually a locally manufactured version of an older model   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   of Renault’s Romanian subsidiary production named Logan. The Iranian car   Ã‚  Ã‚   market is normally dominated by Iran’s top two car-makes namely Khodro and    Saipa with a market share of almost 60 percent. Renault is very much eager to   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   lead the Iranian car market and is very much depending on low fuel price in Iran   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   as a reason for growing sales of cars. The company is investing a good amount of   Ã‚  Ã‚  Ã‚   money in developing facilities for developing car s and other vehicles for sale in local market (Bozorgmehr, 2007).ReferencesAglionby, J (2007, March 10). WORLD NEWS: Experts divided on aviation sector woes   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   in Indonesia [online] Available from: http://ft.comBozorgmehr, N. (2007, March 10) WORLD NEWS: Sales of new Iranian car soar, sight unseen[online] Available from: http://ft.comCondon, C. (2007, March 02). THE ECONOMY: Need to damp demand and boost   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   investment [online] Available from: http://ft.comDennis, N. (2007, March 05). Global equities slide as yen extends gains[online] Available from: http://ft.comFT. (2007, March 06). The Heathrow cash machine is coming up for grabs[online] Available from: http://ft.comShellock, D. (2007, March 07). FT MARKETS: Tentative rally marks the end ofyens rise [online] Available from: http://ft.comTurner, D. (2007, March 07). Tokyo stocks fall on concerns over US[online] Available from: http://ft.comHall, B. (2007, March 05). NA TIONAL NEWS: Miliband calls for a post-oil erainvestment [online] Available from: http://ft.comReed, J. (2007, March 06). FT REPORT MOTOR INDUSTRY: Fleets may usher in sea-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   change [online] Available from: http://ft.com