Essay --

â€Å" Many risks come along with big bonuses† The burst of the housing bubble in the US caused the collapse of financial institutions and the bailed out of banks by governmental institutions resulting in the 2008 financial crisis. One of these banks was the Royal Bank of Scotland who ran out of money. Bankers were blamed for acting out of self-interest and making risky decisions. These failures will be analysed in this essay by giving answer to the following question: â€Å"How did agency theory contributed to the 2007 financial crisis?† Introductory, agency theory discusses the relationship in which one party, the principal, delegates work to another, the agent (Eisenhardt, 1989). The core idea behind agency theory is to through contracting align the interest of shareholders (principal) with that of the managers (agents) in order to maximize shareholders value. Thus, the decision-making is being separated from the party who bears the risk; therefore, problems can arise. Firstly, the principal cannot verify whether the agent has behaved appropriately (the agent and principal have partly di...

Losing Love (Bookshop Memories)

Ryan Borg Mr. Parsons English 101 9/13/2012 Losing Love In the short essay Bookshop Memories by George Orwell, he tells the readers about the life of working at a second hand bookstore. Orwell goes into brief detail about certain remarks, actions or pestering bluebottles that seem to rest and die in the most important and obvious places. Some of the remarks that Orwell made throughout the essay would be like this example, â€Å"many of the people who came to us were of the kind who would be a nuisance anywhere but have special opportunities in a bookshop.For example, the dear old lady who ‘wants a book for an invalid’ (a very common demand, that). †(Page 1) Follow that quote the other nuisance is the random special ordered book Orwell encountered was, â€Å"the other dear old lady who read such a nice book in 1897 and wonders whether you can find her a copy. Unfortunately she doesn’t remember the title or the author’s name or what the book was about , but she does remember that it had a red cover. (Page 1) These encounters aggravated Orwell with no doubt but the real reason he lost his love for books was, â€Å"a bookseller has to tell lies about books, and that gives him a distaste for them; still worse is the fact that he is constantly dusting them and hauling them to and fro. †(page 5) As one book lover to another the fact that Orwell had to lie about certain books to customers would be near impossible just because it’s not how Orwell wanted to explain the book but it was what the customers wanted to hear about the book to make the sale.Satisfying the customer rather than being able to speak what you actually are thinking about the book I could see this would cause Orwell to lose his love for the actual books that he enjoys reading. The other reason that Orwell states in that quote is that he has to constantly dusting them off and moving them to and fro. Analyzing this quote it is noticeable that Orwell was ref erring to constantly moving the books around for customers, the change of seasons, and new inventory that the bookstore got in. Along with shuttling them back and forth, us; as a reader, should take in consideration that the books need to be cleaned off nd this is where the dead bluebottles and dust start to affect his real love for books. After Orwell states the real reason he loses his love for books he does include another quote which is, â€Å"nowadays I do buy one occasionally, but only if it is a book that I want to read and can’t borrow, and I never buy junk. The sweet smell of decaying paper appeals to me no longer. † (page 5) To me, as the reader, I take this sentence that Orwell does not like to read books that are 50 years old or older because it brings back the memories of shuttling and dusting off the dead bluebottles from the books.It also suggests that he still will read a quality book, news article, or other type of publication but he will not purchase it since there were so many customers that went into the second hand bookstore to buy books so they could use them as a showing piece for people to make assumptions of who they actually were. In this essay this Orwell gave complex hints to the reasons why he lost his love for books in ways throughout the whole essay but he gave his real reason in the last paragraph of the essay as it was pointed out previously.

Aluminium Metal Matrix Composites For Optimum Mechanical...

vdsaritabhutada@gmail.comComparative Study of Aluminium Metal Matrix Composites for Optimum Mechanical Properties 1P.Kanagaraj , 2T. Ravi 1,2 Assistant Professor Mechanical Department 1,2 SVS College of Engineering , Coimbatore Email Id : kanaguhari@gmail.com, travisvsec@gmail.com ABSTRACT The recent study of metal matrix composite mainly deals with the aluminum based composites with the reinforcement of particulates of silicon carbide and aluminum based composites with the reinforcement of particulates of graphite which will be function as solid lubricant. In this paper, two sets of composites has been prepared. One composite consists of Aluminium with graphite and silicon carbide particles and the other composite consists of Aluminium with alumina and Graphite. The composited has been prepared by stir casting method and both the samples tested for the mechanical properties. The mechanical properties were compared for both the composites and validated. The microstructure of the both composites were examined using Scanning Electron microscope (SEM). INTRODUCTION The latest development of advanced materials focuses on the light weight with less cost products to meet the required function with the required increase in demand. To achieve this, Metal Matrix Composites (MMC) are mostly preferable since having excellent mechanical and wear resistance properties. In this project, Particulate-reinforced hybrid composites are used because of lesser cost than theShow MoreRelatedA Gaseous Substance1505 Words   |  7 PagesThis makes coating small or deep cavities difficult and therefore other deposition techniques must be used.12,16 An overview of these and additional surface processing techniques is given in Figure 4.5. Many techniques exist to affect the surface properties of materials without altering chemical composition, referred to as surface hardening. Commonly this is done by flame hardening, induction hardening and shot peening. Additionally, surfaces can be hardened by heating the component in an atmosphereRead MoreFriction Stir Welding And Artificial Neural Networks8074 Words   |  33 Pagesaim is to combine these two approaches to get some important results. Friction stir welding (FSW) is a novel method of joining materials in solid state. It was invented by the Welding Institute (TWI) in 1991. It was initially applied for joining aluminium and later expanded its domain for joining similar and dissimilar alloys. Basically in FSW a specially designed rotating cylindrical tool that comprises of shoulder and pin is used. The pin of the rotating tool is plunged into the sheet material andRead MoreHypo Sludge9275 Words   |  38 PagesEXPERIMENTAL STUDY 47 LIST OF TABLES TABLE No. | TITLE | 1 | Classes of Aggregates | 2 | Composition of Portland cement with chemical composition and weight percentage | 3 | A table of admixtures and their functions | 4 | Properties of Raw Hypo Sludge | 5 | Properties of Hypo Sludge as Cement Ingredient | 6 | Comparison of Cement and Hypo Sludge | 7 | Number of Specimens Tested for Compression | 8 | Number of Test Specimens for Flexural Strength Test At 14 Days Curing Period | LIST OF FIGURESRead MoreStrategic Marketing Management337596 Words   |  1351 PagesModelling approaches – 1 14.1 Learning objectives 14.2 Introduction 14.3 Cost–volume–profit analysis 14.4 Investment appraisal 14.5 Summary 15 Modelling approaches – 2 15.1 Learning objectives 15.2 Introduction 15.3 Allowing for risk and uncertainty 15.4 Matrix models 15.5 The marketing performance assessment model 15.6 Some other approaches to modelling 15.7 Summary Stage Five: How can we ensure arrival? Strategic implementation and control 16 Problems to overcome 16.1 16.2 16.3 16.4 16.5 16.6 16.7 16.8Read MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagespharmaceutical industry is characterised by a highly risky and lengthy RD process, intense competition for intellectual property, stringent government regulation and powerful purchaser pressures. How has this unusual picture come about? The origins of the modern pharmaceutical industry can be traced to the late nineteenth century, when dyestuffs were found to have antiseptic properties. Penicillin was a major discovery, and during the 1940s and 1950s RD became ï ¬ rmly 1 ‘IMS Health forecasts 5 to