Summer Internship Report on Mutual Fund Performance...

SUMMER TRAINING REPORT On Mutual Fund: Performance evolution Marketing Submitted in partial fulfillment of the requirements of the two year Post Graduate Programme (PGP). Submitted by BIBHUTI JHA Roll No: PGS20090080 Batch: 2009-2011 IILM Institute for Higher Education Under The guidance of Mr. Sunil Sharma Branch Manager Aditya Birla Money Mart Ltd, Faridabad TABLE OF CONTENTS S. NO | PARTICULARS | PAGE NO | 1 | ACKNOWLEDGEMENT | 3 | 2 | DECLARATION | 4 | 3 | EXECUTIVE SUMMARY | 5 | 4 | OBJECTIVES | 7 | 5 | SCOPE OF THE STUDY | 8 | 6 | METHODOLOGY | 8 | 7 | INTRODUCTION | 9 | 8 | RETORN FROM MUTUAL FUND | 11 | 9 |†¦show more content†¦To get a more detailed understanding of a particular function of the company, I studied the need, uses and benefits of SIP with respect to the wealth management, equity, sales and distribution. Different statistical tools were used on the data obtained to get the average returns, absolute returns, standard deviation, Fund Beta, R-squared value, residual value, Relative Performance Index were calculated. These variables of the funds were compared with the same variables of the market to assess how the different funds have performed against the market. A Statistical test, Mann Whitney U-Test, was done on the returns of the fund with respect to the Sensex returns. Another U-Test was done taking absolute return as the variable. These U- Test were done to test the hypothesis which was that the fund returns over the period of time are similar to the market returns over the period of time. All the funds were classified into a hierarchical cluster on the basis of their average returns, absolute returns, standard deviation, fund beta, and relative performance index. This classification was to see whether the funds have similar properties or not. The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore inShow MoreRelatedSummer Internship Project11120 Words   |  45 PagesA PROJECT REPORT On â€Å"ANALYSIS OF ONLINE PRODUCTS OF RELIGARE AND STUDY OF FACTORS AFFECTING BUYING BEHAVIOR OF THESE PRODUCTS† Submitted in the partial fulfillment of â€Å"POST GRADUATE DIPLOMA IN MANAGEMENT† From INSTITUTE OF MANAGEMENT STUDIES GHAZIABAD [pic] Date of submission- 22/07/10 COMPANY GUIDE FACULTY GUIDE Read MoreReport on Human Resource Management on Nestle Kabirwala Ltd.12369 Words   |  50 PagesNestlà © products bring consumers the vital ingredients of taste and pleasure. Vision statement Nestlà © aim is to meet the various needs of the consumer every day by marketing and selling food of a consistently high quality. 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Agrawal ROLL NO: 01 MMS 2012-2014 Declaration By Candidate I wish to state that the work embodiedRead MoreSip Report on Real Estate Company10410 Words   |  42 PagesA REPORT ON â€Å"A CRITICAL STUDY ON MARKETING strategies Of EARTH INFRASTRUCTURES LTD† By UPENDRA SINGH YADAV (Enrollment No: PG11115) Name of the Organization: EARTH INFRASTRUCTURES LTD. A report submitted in partial fulfillment of The requirements of PGPM Program of IMS NOIDA Distribution List: 1) DR. VANDANA MATHUR (FACULTY GUIDE) 2) MR. ANKUR GOEL (COMPANY GUIDE) (VICE PRESIDENT) Date of Submission: 13th AUG, 2012 AUTHORIZATION Read MoreMarketing Mistakes and Successes175322 Words   |  702 PagesELEVENTH EDITION MARKETING MISTAKES AND SUCCESSES 30TH ANNIVERSARY Robert F. Hartley Cleveland State University JOHN WILEY SONS, INC. VICE PRESIDENT PUBLISHER EXECUTIVE EDITOR ASSISTANT EDITOR PRODUCTION MANAGER PRODUCTION ASSISTANT EXECUTIVE MARKETING MANAGER ASSISTANT MARKETING MANAGER MARKETING ASSISTANT DESIGN DIRECTOR SENIOR DESIGNER SENIOR MEDIA EDITOR George Hoffman Lise Johnson Carissa Doshi Dorothy Sinclair Matt Winslow Amy Scholz Carly DeCandia Read Morecultural differences between India and Canada14894 Words   |  60 Pagesï » ¿SUMMER INTERNSHIP PROJECT REPORT on â€Å"A STUDY OF EQUITY DERIVATIVE AND COMPARATIVE ANALYSIS BETWEEN THEM† Submitted to SMC Global Securities Limited SMC GLOBAL SECURITIES LIMITED Introduction SMC Group is one of the leading financial services and investment providers. It was founded in 1990 by Mr SubhashRead MoreLibrary Management204752 Words   |  820 PagesConclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 . .6 . .6 . .8 . .8 . 10 . 12 . 13 . . . . . . . 16 . . . . . . . 17 2—The Evolution of Management Thought . . . . . . . . . . . 19 Management in Ancient History . . . . . . . . . . . . . . . . . . . 20 The Effects of the Industrial Age on Management . . . . . 22 Classical Perspectives . . . . . . . . . . . . . . . . . . . . . .Read MoreHuman Resources Management150900 Words   |  604 Pagesprofessionalism affect HR management as a career field. ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  3 HR TRANSITIONS HR Management Contributes to Organizational Success More effective management of human resources (HR) increasingly is being seen as positively affecting performance in organizations, both large and small. 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Executives need assistance from the human resource department in matters of recruitment, performance evaluation, compensation, and discipline. c. Legislation and litigation The enactment of state laws has contributed enormously to the proliferation and importance of human resource functions. The record keeping and reporting requirements of the

Short Story - 1542 Words

A fellow member has discovered a new world, your mission is to do recon in... He paused, confusing Xion and Roxas. ...Hollow Bastion. Saà ¯x gave them the mission report and left abruptly. Hollow...Bastion, Roxas said. Thats a pretty grim name. Yeah. Guess well find out why its called that soon enough. They walked up to Axel before departing. He was sitting at the long table, staring at Kingdom Hearts. Hey Axel! Xion said. Whats up? Roxas dittoed Hey you two! Ready for another long day? Yep. Doing recon in a new world. Roxas gave Axel their mission report for him to look over. Were kinda worried about the name though Hollow Bastion doesnt sound like the most safest place to be. ... Axel?†¦show more content†¦This place is massive. At that castle over there in distance. Good idea. Lets get going! Xion and Roxas traversed across the rooftops and made their way to the abandoned castle. Along their way, however, Xion spotted a group of people walking by. She stopped. Lets see what theyre saying, it looks like they might know a few things about this place. Roxas nodded. They crouched down behind a large fixture on the roof and listened in. ...Progress so far has definitely improved from last month. Weve successfully restored just about every building, Said Leon, a young man with medium length, dark brown hair. Leons attire was almost entirely black, coupled with stoic expression and scarred face, he came off as brooding and standoffish. Despite that, it didnt stop possibly the most cheery, quirky people hed ever met to befriend him, well, cheery and quirky save for one person†¦ Not every building, Cloud said. He had spiky, blonde hair and wore similar attire to Leon, in fact, he had nearly the same personality as Leon, if not a little more closed off and serious. Ansems castle is filled with heartless. Theres no way we can get rid of them. Nor can we ever, without the keyblade. It be nice if at least one of us could wield a keyblade, Aerith, a young woman, said. She wore a long pink dress and had a warm face along with a soft voice, constrasting the dark mood Leon and Cloud setShow MoreRelatedshort story1018 Words   |  5 Pagesï » ¿Short Stories:  Ã‚  Characteristics †¢Short  - Can usually be read in one sitting. †¢Concise:  Ã‚  Information offered in the story is relevant to the tale being told.  Ã‚  This is unlike a novel, where the story can diverge from the main plot †¢Usually tries to leave behind a  single impression  or effect.  Ã‚  Usually, though not always built around one character, place, idea, or act. †¢Because they are concise, writers depend on the reader bringing  personal experiences  and  prior knowledge  to the story. Four MajorRead MoreThe Short Stories Ideas For Writing A Short Story Essay1097 Words   |  5 Pageswriting a short story. Many a time, writers run out of these short story ideas upon exhausting their sources of short story ideas. If you are one of these writers, who have run out of short story ideas, and the deadline you have for coming up with a short story is running out, the short story writing prompts below will surely help you. Additionally, if you are being tormented by the blank Microsoft Word document staring at you because you are not able to come up with the best short story idea, youRead MoreShort Story1804 Words   |  8 PagesShort story: Definition and History. A  short story  like any other term does not have only one definition, it has many definitions, but all of them are similar in a general idea. According to The World Book Encyclopedia (1994, Vol. 12, L-354), â€Å"the short story is a short work of fiction that usually centers around a single incident. Because of its shorter length, the characters and situations are fewer and less complicated than those of a novel.† In the Cambridge Advanced Learner’s DictionaryRead MoreShort Stories648 Words   |  3 Pageswhat the title to the short story is. The short story theme I am going conduct on is â€Å"The Secret Life of Walter Mitty’ by James Thurber (1973). In this short story the literary elements being used is plot and symbols and the theme being full of distractions and disruption. The narrator is giving a third person point of view in sharing the thoughts of the characters. Walter Mitty the daydreamer is very humorous in the different plots of his dr ifting off. In the start of the story the plot, symbols,Read MoreShort Stories1125 Words   |  5 PagesThe themes of short stories are often relevant to real life? To what extent do you agree with this view? In the short stories â€Å"Miss Brill† and â€Å"Frau Brechenmacher attends a wedding† written by Katherine Mansfield, the themes which are relevant to real life in Miss Brill are isolation and appearance versus reality. Likewise Frau Brechenmacher suffers through isolation throughout the story and also male dominance is one of the major themes that are highlighted in the story. These themes areRead MoreShort Story and People1473 Words   |  6 Pagesï » ¿Title: Story Of An Hour Author: Kate Chopin I. On The Elements / Literary Concepts The short story Story Of An Hour is all about the series of emotions that the protagonist, Mrs. Mallard showed to the readers. With the kind of plot of this short story, it actually refers to the moments that Mrs. Mallard knew that all this time, her husband was alive. For the symbol, I like the title of this short story because it actually symbolizes the time where Mrs. Mallard died with joy. And with thatRead MoreShort Story Essay1294 Words   |  6 PagesA short story concentrates on creating a single dynamic effect and is limited in character and situation. It is a language of maximum yet economical effect. Every word must do a job, sometimes several jobs. Short stories are filled with numerous language and sound devices. These language and sound devices create a stronger image of the scenario or the characters within the text, which contribute to the overall pre-designed effect.As it is shown in the metaphor lipstick bleeding gently in CinnamonRead MoreRacism in the Short Stor ies1837 Words   |  7 PagesOften we read stories that tell stories of mixing the grouping may not always be what is legal or what people consider moral at the time. The things that you can learn from someone who is not like you is amazing if people took the time to consider this before judging someone the world as we know it would be a completely different place. The notion to overlook someone because they are not the same race, gender, creed, religion seems to be the way of the world for a long time. Racism is so prevalentRead MoreThe Idol Short Story1728 Words   |  7 PagesThe short stories â€Å"The Idol† by Adolfo Bioy Casares and â€Å"Axolotl† by Julio Cortà ¡zar address the notion of obsession, and the resulting harm that can come from it. Like all addictions, obsession makes one feel overwhelmed, as a single thought comes to continuously intruding our mind, causing the individual to not be able to ignore these thoughts. In â€Å"Axolotl†, the narr ator is drawn upon the axolotls at the Jardin des Plantes aquarium and his fascination towards the axolotls becomes an obsession. InRead MoreGothic Short Story1447 Words   |  6 Pages The End. In the short story, â€Å"Emma Barrett,† the reader follows a search party group searching for a missing girl named Emma deep in a forest in Oregon. The story follows through first person narration by a group member named Holden. This story would be considered a gothic short story because of its use of setting, theme, symbolism, and literary devices used to portray the horror of a missing six-year-old girl. Plot is the literal chronological development of the story, the sequence of events

The Importance Of Emotional Intelligence And Emotional...

The EiQ assessment was in itself a big challenge to me. I have been a rational person all my life. In my opinion, Emotional Intelligence and Emotional Quotient is influenced by people surrounding you. With this assumption, I would like to review this EiQ assessment. According to the EI assessment some of my greatest emotional strengths are self-awareness, high value integrity, empathy, good impulse control, healthy coping skills and healthy level of self-esteem. I would say the result in exactly what I expected it to be. I have always put value integrity as my top priority and â€Å"logic† has always overpowered my emptions when it comes to dealing with situations involving value integrity. Even during my time as an engineer, the company values and processes were guiding light to me and I have always resented circumventing those value even when asked by senior management. However, areas such as self-awareness and empathy needs some improvements and I believe leadership experiences in my career going forward would allow me to develop these skills further. There is a big list for areas of EI improvements. To begin with, my emotional self-awareness is very limited and I am not comfortable with emotions in general. This didn’t surprise me at all. As stated before, I am a rational person. Ability to understand where to draw a line between being emotional and being rational has limited my emotional self-awareness. The report also says that the ability I would resolve conflictShow MoreRelatedConflict Management and Emotional Intelligence63003 Words   |  253 PagesSouthern Cross University ePublications@SCU Theses 2010 Conflict management and emotional intelligence Yu Fai Leung Southern Cross University, keith.leung.yu.fai@gmail.com Suggested Citation Leung, YF 2010, Conflict management and emotional intelligence , DBA thesis, Southern Cross University, Lismore, NSW. Copyright YF Leung 2010 ePublications@SCU is an electronic repository administered by Southern Cross University Library. Its goal is to capture and preserve the intellectual Read MoreThe Five Approaches to Psychology Essay examples3712 Words   |  15 Pagesone aspect. Developmental Psychology Developmental Psychology studies the way people develop and change throughout their lives, studying the biological, cognitive, social and emotional changes that occur in people from infancy to old age. Developmental Psychology is interested in all aspects of psychology for example, social development looking at the development of intelligence and social understanding. People do not stop developing at a certain age, for example, when they reach adolescence;Read Moreï » ¿The Different Factors of Individual Language Learners in Second Language Acquisition3891 Words   |  16 Pageslearning are: age, aptitude and intelligence, cognitive style, attitudes, motivation and personality (Ellis 1985). The aim of this essay is to present these factors and their contribution to success or failure in language learning that a variety of well-known scholars characterized into main three types: cognitive variables; affective variables; and personality variables (Johnson, 2008). Firstly, the cognitive variables relate to the mental make-up of the person. Intelligence is one such factor; anotherRead MoreAbnormal Psychology. Classification and Assessment of Abnormal Behavior20707 Words   |  83 PagesF I C T I O N â€Å"Jerry Has a Panic Attack on the Interstate† Interviewer: Can you tell me a bit about what it was that brought you to the clinic? Jerry: Well, . . . after the first of the year, I started getting these panic attacks. I didn’t know what the panic attack was. Interviewer: Well, what was it that you experienced? Jerry: Uhm, the heart beating, racing . . . Interviewer: Your heart started to race on you. Jerry: And then uh, I couldn’t be in one place, maybe a movie, or a church . . Read MoreDeveloping Management Skills404131 Words   |  1617 Pagesmymanagementlab is an online assessment and preparation solution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesmechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458, or you may fax your request to 201-236-3290. Many of the designations by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, theRead MoreIntroduction to Large Scale Organizations18988 Words   |  76 PagesUNITS 3 AND 4 BUSINESS MANAGEMENT SUMMARY UNIT 3 AOS1 – LARGE SCALE ORGANISATIONS IN CONTEXT LARGE SCALE ORANGISATIONS -An organisation is an entity enabling groups of people to work in a planned and coordinate way to achieve a common goal or objective Classifying LSO s *Number of employee s exceeds 200 (according to the ABS) *Revenue (gross income) is in the millions of dollars *Total assets or market capitalisation (no. of shares x share value) is over $200 million *Profit after tax is

Types of Facebook Users Free Essays

Wael Alhathal Dustin Hopkins English A100 13 December 2012 What type of Facebook-er are you? Living in the 21st century, Facebook has pretty much taking over our world. We have reached a point where we believe that if you do not have a Facebook, then you do not have a life. About hundreds of people join Facebook every day, making it one of the most visited websites in the world, with about 585 million active members. We will write a custom essay sample on Types of Facebook Users or any similar topic only for you Order Now 585 million! You might think that this is too much, but in fact, there are actually four main categories of Facebook users in the world—â€Å"annoying-Facebook-girl,† the â€Å"Simon-Cowell,† the â€Å"attention-seeking-whore,† and the â€Å"I’m-too-cool-for-Facebook. † Each and every user in these categories specializes in a particular way of participating on Facebook: a way of updating their statuses, how they comment, how many pictures they upload every day, and how often they spend their time on Facebook. If you have an â€Å"annoying-Facebook-girl† on your friends list, deactivate your account right now! The main feature of the â€Å"annoying-Facebook-girl,† other than being just plain obnoxious, is the gift to update her status every few hours with crap no one really cares about. Her name will blow up on your news feed in a matter of seconds. The most common words used in their statuses are â€Å"OMG! † or â€Å"OH EM GEE! † They tend to upload not just a single photo, but albums of crappy pictures in a day. A typical â€Å"annoying-facebook-girl† would upload an album with 200 or more pictures titled â€Å"Mcdonaldz wd my Bff’z333† or â€Å"OMG! PArtaAayYy. † They are creatures with wild imaginations; they can turn an ordinary restroom into a photo-shoot studio; their relationship statuses are â€Å"married† or â€Å"engaged† to their best friends, and they all share a mutual obsession with Justin Bieber, Twilight, and the boys from One Direction. These creatures change their profile pictures almost every other day; their famous picture pose is the repulsive â€Å"Duck face†Ã¢â‚¬â€they stick their lips out and take a picture next to a mirror, preferably the bathroom mirror. An â€Å"annoying-Facebook-girl’s† favorite quote is YOLO—You Only Live Once, which gives them an excuse to do irrational and foolish stuff thinking they won’t be judged. The second category of Facebook users are the â€Å"Simon-Cowell’s,† also known as the â€Å"Critics. † They are the trolls of the Internet. The â€Å"Simon-Cowell’s† are harsh and judgmental criticizers; they always have something negative to say and can never shut the hell up. They claim that Facebook is an open society and that they need to express their opinion no matter what. The â€Å"Simon-Cowell’s† are the â€Å"annoying-Facebook-girl’s† worst enemy. The â€Å"Simon-Cowell’s† tend to criticize the â€Å"annoying-Facebook-girl’s† status updates, photos, and lifestyle. The individuals in this category believe in freedom of speech more than anything else; their most famous comeback is â€Å"If you don’t like my opinion then just unfriend me†. You know that you have a â€Å"Simon-Cowell† on your friends list when he or she comments in the first few seconds after you update a status or upload a picture with a sarcastic comment or harsh statement. Their main objective on Facebook is to demean people, humiliate them, and attack them. In reality, a â€Å"Simon-Cowell† is a coward behind a keyboard. His lifelessness contributes to his hatred towards people; they have no friends and most probably live in their parent’s basement. A â€Å"Simon-Cowell† is an insecure individual that feels good about him or herself when they criticize others—they have nothing positive to say. The best technique to avoid these trolls is to stop arguing with them and delete their cruel comments because they feed off the anger of others. The third category, which is growing rapidly nowadays, is the â€Å"attention-seeking-whore. † These are the people who would do anything to get attention. Most of them are sick of their actual lives; therefore, they join Facebook to gain fake popularity on the Internet and seek the attention that is not provided for them in reality, mainly because they are â€Å"fugly:† fucking ugly. The most common act of an â€Å"attention-seeking-whore† is uploading a picture of herself either showing parts of her boobs or posing for a booty-pop-picture—bending their knees and popping their butts next to a mirror. Her main objective on Facebook is to gain as many likes and get as much positive feedback as possible; therefore, they caption their photos as â€Å"Like if you think I’m hot† or â€Å"comment if you wanna bang me†. An â€Å"attention-seeking-whore† would never post anything on people’s wall, or reply to anyone’s comments nor inboxes†¦ playing hard to get that is. They spent most if their time on Facebook checking how many likes they got and reading the comments left by perverts, with a frown on their miserable-fake-multicolored faces. The last category is commonly known among guys, which is the â€Å"I’m-too-cool-for-Facebook. Nobody knows the reason why these people even have an account in the first place. In this category, the individuals tend to rarely update their statuses or post pictures; nevertheless, they spend a lot of time checking their Facebook’s newsfeed (secretly). They have all the gossip, they know what ev eryone is doing, but no one knows anything about them. They are like invisible ghosts spying on an active community. The most shared characteristic of the â€Å"I’m-too-cool-for-Facebook† is their profile pictures: a photo of a car, most probably the car of their dreams. The most common status update for the â€Å"I’m-too-cool-for-Facebook† is â€Å"Facebook sucks! Am gonna deactivate soon lol;† or they sometimes act all hipster-ish, saying, â€Å"Facebook is too mainstream; I switched to Twitter or Instagram. † But, in fact, their secret affection for Facebook far exceeds the amount of pictures â€Å"annoying-Facebook-girl† uploads in a day. As you can tell, 585 million is not that much when you classify them into smaller groups. So, what type of Facebook-er are you? Next time you are on Facebook (which is most likely everyday), try sitting down and identifying which category each of your friends fit in. Even better, why not play a drinking game? You have to drink a shot of tequila every time an â€Å"Annoying-Facebook-girl† says â€Å"OMG! † in her comments. If you are not in the drinking scene; you can get super stoned and start an in-depth comment war with a â€Å"Simon Cowell. † If one day your horny and you see an â€Å"attention-seeking-whore† posting a picture, why not leave a nice comment about her boobies (You will get laid easily). Last but not least, comment on an â€Å"I’m-too-cool-for-Facebook’s† car-profile-picture, â€Å"Oh my gosh, is this your car? Or are you a transformer like in the movie? † it really pisses them off. Have fun! How to cite Types of Facebook Users, Essay examples

Andrew carnegie 2 Essay Example For Students

Andrew carnegie 2 Essay Andrew Carnegie was born in Dunfermline, Scotland in 1835. His father, Will, was a weaver and a follower of Chartism, a popular movement of the British working class that called for the masses to vote and to run for Parliament in order to help improve conditions for workers. The exposure to such political beliefs and his familys poverty made a lasting impression on young Andrew and played a significant role in his life after his family immigrated to the United States in 1848. Andrew Carnegie amassed wealth in the steel industry after immigrating from Scotland as a boy. He came from a poor family and had little formal education. The roots of Carnegies internal conflicts were planted in Dunfermline, Scotland, where he was born in 1835, the son of a weaver and political radical who instilled in young Andrew the values of political and economic equality. His familys poverty, however, taught Carnegie a different lesson. When the Carnegies emigrated to America in 1848, Carnegie determined to bring prosperity to his family. He worked many small jobs which included working for the Pennsylvania Railroad where he first recognized the importance of steel. With this recognition, he resigned and started the Keystone Bridge Company in 1865. He built a steel-rail mill, and bought out a small steel company. By 1888, he had a large plant. Later on he sold his Carnegie Steel Company to J. P. Morgans U.S. Steel Company after a serious, bloody union strike. He saw himself as a hero of working people, yet he crushed their unions. The richest man in the world, he railed against privilege. A generous philanthropist, he slashed the wages of the workers who made him rich. By this time, Carnegie was an established, successful millionaire. He was a great philanthropist, donating over $350 million dollars to public causes, opening libraries, money for teachers, and funds to support peace. In the end, he gave away about 90% of his own money to various causes. He also preached to others to do the same as in giving money for education and sciences. The problem, however, was that there was such a contrast between the rich and the poor. By this he was referring to the inequalities in rights, hereditary powers, and such things. He also felt we should have a continuum of forward progress, i.e. civilizing, industrializing. Apparently in his time there was a movement to drift back into a time when there was little advance in modernizing and technologically advancing; when neither master nor servant was as well situated. This proves that the direction the U.S. took until now was, in fact, the right path since the goal was already in progress. He has to argue and prove that through forward motion all of these problems of social difference, that the poor would also advance with the times, thus diminishing the difference slowly but surely. As the rich get richer they bring up the standard and, in effect, the poor with them as the economy grows. The government comes up with a way to run money that is suited to be in the best interest of the most possible people. In the end, you realize that the majority of the wealth made in this new system is going only to a few people. Then it says about the only question that could possibly arise in this type of a situation. Since the wealth inevitably goes to a concentrated amount of people in the best possible set of circumstances, the question is what to do with the money in order to best serve the general public. So what can a man do with the excess wealth he has amassed? His money is not just for competence, but rather surplus money. There are three solutions that Carnegie gives for this. The first includes leaving ones money to his family or his oldest son, a common practice in western Europe. This is a misguided affection, and a bad idea according to Carnegie, because one cannot duplicate the styles and strategies of another no matter how hard he tries. A son can make mistakes and lose his fortune or he can lose it from the fall in the

The Great Hero Luke Skywalker Essay Example For Students

The Great Hero Luke Skywalker Essay Joseph Campbell’s perception of a hero’s journey begins with a primary series of steps called the Adventure of the Hero. Many narrative heroes use all or many of these steps. One particular character is Luke Skywalker from Star Wars. In his journey to become a Jedi he goes through these initial stages. Luke Skywalker lives with his Aunt and Uncle on a farm. Luke wants to be a pilot but his uncle has been holding him back from joining the academy so that Luke can help out on the farm. In order to get enough hands to compensate for Luke’s departure they must purchase droids to work on the farm. This is where he meets R2-D2, a droid that the family purchases from some space creatures called the Jowas. R2-D2 contains a message from a women name Princess Leia. In the message, she is addressing a man named Obi-wan Kenobi. Luke figures that she means Ben Kenobi who is an old man that lives on Luke’s planet. Luke decides that he will go later to look for Ben and figure out what the message is about. We will write a custom essay on The Great Hero Luke Skywalker specifically for you for only $16.38 $13.9/page Order now However, R2-D2 is determined to find Obi-wan Kenobi as soon as possible and ends up leaving in the night to find him. Luke finds the droid the next day but is unfortunately attacked by savage creatures called the Sand People. They prepare to kill him but he is saved by Ben Kenobi who happens to be passing by. Ben listens to the message that R2-D2 is holding and informs Luke that he is going to find Princess Leia and he wants Luke to help him. At this moment, the first step of Campbell’s journey of a hero takes place, called the Call to Adventure. Here, Luke is faced with the choice of whether to join Ben Kenobi on his quest to save Princess Leia or stay on the farm to help his uncle. Luke has never been anywhere else but his farm. He has no knowledge of the outside would and by leaving his farm he would be heading into the unknown. Knowing this, Luke declines Ben’s offer. This is where the next step takes place called, Refusal of Call. Luke turns down Ben’s proposal because he is unfamiliar with the outside world and he is needed by his uncle on the farm. The next step in Campbell’s journey of a hero is called Supernatural Aid. The supernatural aid is clearly Ben Kenobi. Ben was once part of a group called the Jedi Masters who are known to be able to use the mystical power called the Force. They can use this power to see things without their eyes, move objects and even control people’s minds. Ben demonstrates this when they are stopped by Imperial Soldiers. In order to get past them he targets the leader of them and controls his mind. Another aspect of this step is a giving of a gift or relic from the supernatural character to the hero. In this case, it is the light saber. The Jedi Masters are known for using light sabers which are a beam like sword that can cut through almost anything. This light saber will aid Luke on the rest of his journey. The next step that is supposed to happen is called Crossing the Threshold. Unfortunately, when Luke returns home he discovers that his family has been murdered. He decides to go back to Ben and join him on his quest. He has no obligations now and he is quite curious about the outside world and who Princess Leia is. The final stage is called the Belly of the Whale. .u4a3ff2ebb5314c45b48584a9ba349ff0 , .u4a3ff2ebb5314c45b48584a9ba349ff0 .postImageUrl , .u4a3ff2ebb5314c45b48584a9ba349ff0 .centered-text-area { min-height: 80px; position: relative; } .u4a3ff2ebb5314c45b48584a9ba349ff0 , .u4a3ff2ebb5314c45b48584a9ba349ff0:hover , .u4a3ff2ebb5314c45b48584a9ba349ff0:visited , .u4a3ff2ebb5314c45b48584a9ba349ff0:active { border:0!important; } .u4a3ff2ebb5314c45b48584a9ba349ff0 .clearfix:after { content: ""; display: table; clear: both; } .u4a3ff2ebb5314c45b48584a9ba349ff0 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4a3ff2ebb5314c45b48584a9ba349ff0:active , .u4a3ff2ebb5314c45b48584a9ba349ff0:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4a3ff2ebb5314c45b48584a9ba349ff0 .centered-text-area { width: 100%; position: relative ; } .u4a3ff2ebb5314c45b48584a9ba349ff0 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4a3ff2ebb5314c45b48584a9ba349ff0 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4a3ff2ebb5314c45b48584a9ba349ff0 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4a3ff2ebb5314c45b48584a9ba349ff0:hover .ctaButton { background-color: #34495E!important; } .u4a3ff2ebb5314c45b48584a9ba349ff0 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4a3ff2ebb5314c45b48584a9ba349ff0 .u4a3ff2ebb5314c45b48584a9ba349ff0-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4a3ff2ebb5314c45b48584a9ba349ff0:after { content: ""; display: block; clear: both; } READ: The Matrix - review EssayThis stage occurs when Luke is in a space station called the Death Star. Ben tells him to stay there while he finds a way to get them out. Luke has not shown any acts of heroism at this point and it fits his personality for him to agree to stay hidden and not get himself into trouble. However, once he finds out that Princess Leia is being held somewhere in the station he immediately decides to go save her. At this moment, he has started to go through a transformation in his personality. He would never have agreed to do something so bold before he started this journey. He has allowed himself to change.

Common Application to Enforce 650-word Limit and Eliminate Topic of Choice

Common Application to Enforce 650-word Limit and Eliminate Topic of Choice In April 2011 I reported on a new 500-word limit for college personal statement, enacted by the Common Application. In that article I wrote, â€Å"Students are now requested to write 250-500 words on their chosen topic.† I now realize how loaded two words in that sentence were: requested and chosen. Come August 13, 2013, two important changes will take effect in the Common Application: (1) The 250-500-word (**UPDATE: Word limit was updated to 650 words for 2013-14 as of September 2013) bookends will be enforced, not requested; and (2) although students will still be able to choose a topic, the topics will be much more constrained- the â€Å"Topic of your choice† option is going to be eliminated from the array of essay questions. The Up Side I am personally pleased with these changes to the rules. After all, what’s the point of a suggested word limit without any modicum of enforcement? It has bugged me, quite honestly, that even though there is a 650-word requested essay length, students have been writing essays of 750 words or more and getting admitted. Writing a 650-word essay is a challenge and requires students to rise to the occasion. Shorter essays, by their nature, must use more creativity and hold more focus- challenges that can prove the writing prowess of any college applicant. I have also been bothered by the logic of having several essay topics to choose from, and then a separate question allowing the applicant to write on a topic of his or her choice. Why is there not just one question that asks students to write about a topic of their choice, with some suggestions of topics they might choose? Eliminating the catch-all forces students to be creative and to prove that they are able to answer a specific question posed to them. No one gets off the hook here. Protests Abound According to the comments on the NYT blog, I am in the minority. Concerned commenters express their opinion that eliminating the open essay question tamps down on creativity and limits the student’s â€Å"voice†; one post suggests that admissions committees will not be able to get to know applicants in a meaningful way without this essay topic. Almost everyone expressed upset at the changes. On the other end of the spectrum, one person commented, â€Å"If a student can’t creatively respond to a prescribed prompt, THAT is the problem- not the prompt.† I agree. Furthermore, I find that many of my students, given the opportunity to write on a topic of their choice, end up writing an essay that would have been appropriate for one of the other prompts- for instance, a person that influenced you or a topic of importance. One parent observed the same phenomenon with her son. Here’s the comment I submitted: †¦ I love this change. From my perspective, the best display of a students writing ability is how the student responds to a restricted question. Does she take on the topic in a way no one else did? Can he be creative and focused in a word-limited essay? Does the essay answer the question? It might be worth noting that in many classes, essay and paper topics are prescribed. I dont remember topic of your choice essays in English 101. Its likely that this Common App change is meant to test applicants ability to perform in their college classes. And schools can still request a supplemental essay if they want to see an additional layer of creativity. Encouraging Challenge and Creativity And after submitting my topic, I saw this additional comment by someone who agrees with me: â€Å"By removing â€Å"topic of choice,† the Common App challenges applicants by forcing them to think creatively under constraints. Anyone can ramble on about whatever they want, but a truly successful and creative writer can surprise the reader under tight restrictions. It’s the same as writing under certain poem structures–even though you have to follow the rules, you can still express yourself. This is the same reason I think enforcing the word count is a good idea, because it forces applicants to writes as effectively as possible.† What do you think about these changes? Do you have a student who will be affected by them (or one who is applying to college this year and thus gets in â€Å"under the wire†? Please share your thoughts below.