Veronika Decides to Die

YAK generation girls, she had everything she could wish for. She Is young, pretty and beautiful. She is attractive enough that the list of her boyfriends never ended. She has a steady Job and was blessed to have a loving family. She believed herself to be completely normal. Yet, something was lacking and she Is not happy; and one fine day she decides to die. To find out what was the reason behind such decision, you will have to read the novel and on finding the reason I am sure you will moment â€Å"what a silly reason to die. But If you will give a deep thought you also find yourself getting Irritated while going through same stage. She wished to die smoothly without any pain and so she takes an overdose of sleeping pills only to wake up some days later In Wallet, the local mental hospital or asylum. Unfortunate of not meeting her destiny, she started regretting of being alive but soon was happy to hear from doctor that her heart is damaged and she has only few days to live. Those few days took her to the journey of life where she experienced what deadness is.Of course, what else she could learn in asylum. She got a chance to meet three most important characters of her life in asylum and they were the reason where she understood that the every second of existence is a choice that we make between living and dying. The three characters in asylum; Mari suffering from panic disorder because she wanted to leave everything and help victims of war, Gazed a depressed women searching for her first love and Eduardo a schizophrenic son of Ambassador who wanted to fulfill his dreams or likings going against his parents' wish.All three were normal, but they wanted to do something different and were not allowed to do so but had to follow what other normal people were doing. Did Veronica's stay with Gazed, Mari and Eduardo change the fortune of Veronica? Did she change her decision of dying? But doctor said her heart was already damaged. Did some miracle happen? What happen ed to Gazed, Mari and Eduardo? I won't reveal what impact the three characters had on Veronica, you will have to find out on your own; but I am sure this novel will give you elating impact on your life.Most of us don't choose but always learn to follow and are forced to stay In an environment created by our society. Anyone who chooses their own destiny or dares to do something different or challenge the rules created by our society Is counted as MAD. We all have some form of madness Inside us. People who want to do something different should be allowed to follow their dream and should be encouraged, Instead of denominating them. Discouraging them will lead to psychological disorder and they might end up their life in asylum, Just Like Marl, Gazed and Eduardo.Every second In our life is the choice we make between dying and living, so help people to choose living Instead AT along. This book has given a very good definition of madness; it says, â€Å"Anyone who lives in their own worl d is mad, people who are different from other are mad. † All the four characters described in this story are worth reading and it reminds us that every moment in our life is special and precious. Paulo Cello is a storyteller with the power to inspire nations and to change people's lives. This time as well he has not left any point in giving us a moving and uplifting message of life.

Counter-Argument Essay

The recent increase of violence at schools has proved the inconsistence of previous preventive measures. There is a persistent need to find a new solution for the existing problem of school shooting. The number of school shooting victims increases with each day, this is why the newly designed preventive measures should be fast, effective, and should not cause any side effects to those who study and work at schools. In this situation metal detectors at schools remain the only promising perspective which will minimize the incidence of violence against teenagers and their teachers.Metal detectors should be installed at schools because they would detect weapons that could be used to commit violent crimes, even though many people think that this would not stop crimes. Metal detectors at schools There is no official statistics as for the number of victims and incidents of school violence through the period between 2005 and 2008. However, it is not difficult to create the timeline of the ma jor school shootings in the U. S. for the last three years.â€Å"March 21, 2005 (Red Lake, Minnesota): Jeff Weise, 16, killed grandfather and companion, then arrived at school where he killed a teacher, a security guard, 5 students, and finally himself. November 58, 2005 (Jacksboro, Tennessee): One 15-year-old shot and killed an assistant principal at Campbell County High School and seriously wounded two other administrators. September 26, 2006 (Bailey, Colorado): adult male held six students hostage at Platte Canyon High School and then shot and killed Emily Keyes, 16, and himself† (Infoplease).This list can be further expanded, and there is no visible tendency towards the decrease of school crimes. The problem is aggravated by the fact that only few schools use metal detectors as a security measure: â€Å"in 2005, nearly all (99 percent) students ages 12-18 observed the use of at least one of the selected security measures at their school. [†¦] Metal detectors were th e least observed of the selected safety and security measures: 11 percent of students reported the use of metal detectors in their school. † (Indicator 21)Of course, it is difficult to argue that metal detectors are expensive, but is it ethical to speak about financial costs when it comes to protecting lives and health of children? For example, the Cleveland City Council had to invest $2. 5 million of state money into equipping its schools with metal detector (Wagner). For many people this sum sounds as viable justification of why metal detectors should not be installed at schools. Simultaneously, this sum becomes meaningless against the value of students and teachers’ safety.Moreover, metal detectors are presented in several different forms, and each school may choose the product to suit its needs and budget. When parents feel that their children are not safe, they start looking for other alternatives which would secure their children from being involved into tragic ac cidents at school. This is why metal detectors should be installed at schools to detect the weapons, and ultimately, to keep children from leaving to another school. Despite the high price of metal detectors, they have already proved to be an efficient instrument in decreasing violence and preventing shooting and other related accidents at schools.Five public schools of New York were participating in the experiment, which was aimed at determining the effectiveness of metal detectors. â€Å"In a report to the Board of Education, the Chancellor said that 820 weapons had been found on students or near the search areas at five schools. Only five weapons were firearms† (Gootman A3). It is possible to state that the experiment was successful: metal detectors not only helped find weapons, but discouraged pupils and students from bringing weapons to school.The discussion of metal detectors’ benefits will be incomplete if we do not analyze the successes of certain schools which already use metal detectors. The example of John F. Kennedy High School in Bronx is very illustrative due to the fact that it was traditionally one of the most problematic educational entities in Bronx area. After one of the students was stabbed to death by a school companion, the principal directed significant resources at reviving school safety. The metal detector has helped detect numerous box-cutters before they were carried inside the school building; the fights in the hallway have remained in the past.This is what the students and teachers said about the new metal detecting guard: â€Å"In terms of security, it’s been a blessing. [†¦] I feel a lot safer. I was very afraid† (Gootman, A3). To be honest, it is not very clear why so many people vote against the use of metal detectors at schools. It seems that the high price of these useful devices is the only justification for those who refuse to recognize the benefits of metal detectors. For some reason, paren ts think that THIS will never happen to THEIR children.Simultaneously, metal detectors are extremely effective in preventing the incidence of violence at schools. Childhood is the period of extreme emotions and unreasonable actions. Metal detectors may actually prevent the child from committing a crime which he might be later regretting for the rest of his life. Metal detectors may save thousands of children’s lives. They are expensive, but these expenses are reasonable when we want to feel safe during our lessons. Conclusion Evidently, there are not so many reasons against installing metal detectors at schools.For those who vote against such measures, the price of metal detectors is the basic argument. However, the life of a child is priceless. Our parents have to understand that they can protect our lives when we are at school, and metal detectors have proved to be a success in this safety campaign. Each school should have a metal detector not only to detect weapons, but to discourage students from bringing weapons to school. Works Cited Gootman, E. â€Å"Metal Detectors and Pep Rallies: Revival of a Bronx High School. † The New York Times, February 4, 2004, p. A3. Indicator 21.â€Å"Students’ Reports of Safety and Security Measures Observed at School. † 2007. National Center for Educational Statistics. 22 February 2008. http://nces. ed. gov/programs/crimeindicators/crimeindicators2007/ind_21. asp Infoplease. â€Å"A Timeline of Recent Worldwide School Shootings. † 2008. Infoplease. com. 22 February 2008. http://www. infoplease. com/ipa/A0777958. html Wagner, J. L. â€Å"Metal Detectors Approved for Cleveland Schools, Will Cost $3. 3 million. † 2007. Cleveland. com. 22 February 2008. http://blog. cleveland. com/metro/2007/10/metal_detectors_approved_for_c. html

Offshore oil in gulf of mexico Essay Example | Topics and Well Written Essays - 1000 words

Offshore oil in gulf of mexico - Essay Example However, oil production is an activity that can highly affect the environment, an issue, which has not been taken into consideration by those managing oil production activities in the Gulf of Mexico. Indeed, up to now, the oil production activity in the Gulf of Mexico has been stigmatized by a series of accidents, which have led to severe environmental damages, as explained below. The responsibility of the firms managing the particular activities but also of the local authorities is high. The need for measures for ensuring the limitation of risks related to oil production in the Gulf of Mexico is emergent. The oil spill caused in the region because of the accident occurred in 2010 in BP’s platform has been characterized as the worst environmental damage in the history of USA; measures should be taken in order to ensure that similar damages would not be developed in the specific region. The economic and social benefits of oil production in the Gulf of Mexico cannot be ignored b ut they should not be considered as of higher importance compared to the local natural environment the damages on which because of oil production can be long term. The Gulf of Mexico covers an area of about 172580 miles (Pinet 494). There are two main entryways for the specific region; ‘the first one is located between Yucatan and western Cuba and the other between Southern Florida and northern Cuba’ (Pinet 494). ... developed in 1987 the amount of oil available in the specific region was estimated to 9 million barrels but a later research indicated an extremely high amount of oil trapped in the Gulf of Mexico, i.e. about 45 million barrels (Gertz 2008). Because of its importance in terms of energy but also in terms of the natural environment, the region has been set under the close control of USA government which has promoted appropriate legislative texts for ensuring the protection of the region from over-exploitation (Humphries 2); the Gulf of Mexico Energy Security Act of 2006 is such text (Humphries 2). The above text, which was introduced by President Bush, bans leasing in regard to the major part of Eastern Gulf of Mexico (Humphries 2). Still, there are certain pieces of the Gulf where no limits exist in regard to their exploitation through drilling projects. In ‘April 17, 2009, the USA court of Appeals for the District of Columbia Circuit’ (Humphries 2) held that existing lea sing scheme related to the region should be cancelled and reviewed by the relevant USA authorities as its terms were not clearly defined. It is clear that oil production in the Gulf of Mexico has to be aligned with the legislation of the countries having interests in the particular region, such as Mexico, the USA and Cuba. Since the accident of April 2010 in BP’s platform in the Gulf of Mexico, drilling activities in the region have been temporarily banned in order for the damages on the environment to be controlled. Recently, US regulators approved BP’s new drilling plans for the Gulf of Mexico (Economic Times 2011), a fact indicating that oil production in the particular region is difficult to be terminated, despite the severe effects of 2010 oil spill. The significant interests in terms of

Using Marketing Channels and Price to Create Value for Customers Essay

Using Marketing Channels and Price to Create Value for Customers - Essay Example This broadens the targeted customer base, and creates a new understanding of what the markets are all about. It opens up new avenues that provide the product with ideal marketing properties, hence reaching more clients within the shortest time possible. This also allows more clients to be aware of the products being sold, and have the right information (Kerin, 2012). Selective distribution is used to reach out to a majority of the clients (â€Å"Week 6 reading†). The targeting process allows the consumer to attain the level of growth required in sales and revenue. The work of the distributor is to understand the market and rally all the supply chains under its control to take up the product to the wholesaler (Hochbaum, 2011). This marketing gimmick entices the wholesaler to stock the product. The wholesaler takes up the product and convinces the retailers that it is a good way of meeting the changing client’s demands. It will be a boost to the retailer’s sales and revenue collection. The retailer recommends the products and ensures the clients come back for more. This makes it easy to reach out to more clients while at the same time providing new requirements to satisfy the needs of these clients (Kerin, 2012). The pricing strategies in place aim at maximizing the sales and the market share. By maximizing profits, it is possible to create efficient systems and effectively capture the required clientele bases. It opens up new methods of doing business while still earning the forecasted profits. By working on maximizing the market share, the company earns a better share of the clientele bases and captures more markets (Hochbaum, 2011). This allows more people to view the product and create a better way of involving all the people needed to attain these goals. The main strategy here is to use the odd-even pricing strategy (â€Å"Week 6 reading†). This approach allows clients to come and acquire products in bulk because of the

The Impact of Race on Sentencing within the US Criminal Justice System Essay

The Impact of Race on Sentencing within the US Criminal Justice System - Essay Example For, within the fine lines of Blind Justice for all, justice is not the same when applied to both the Whites and the Colored residents of the United States. Definitely, justice theoretically must be delivered by the foundations of the justice system. It is said that the complexity of modern life has left the American society with different forms of sociological experiences. This experiences include the uncertainties as well as the certainties of life. The society today often causes irrational behavior among the members of society even to the point making them violate the law. Also, the absence of trust in society creates disintegration of a persons' sense of self and community. In this regard, White racist practices sometimes create an erosion of this trust that the colored members of American society are dying to receive after many years of slavery. This article shows that many of the evidences to pin down the colored people when they are given their day in court are fabricated. In one incident, Javier Ovando of Southern California had a legal battle with the Rampart Division of the LAPD. Javier was released from when only after one of the police officers, Rafael Perez, who arrested him admitted that they had shot Javier several times and admittedly planted a gun on him to seal the case. LAPD Rafael Perez and his fellow officers lied in court and said that he had attacked them with his gun and that the police officers had to fire back in defense. To reiterate, the story of the Rodney King, Tyisha Miller, Amadou Diallo, Javier Ovando, Robert Schenck and many other colored peoples in the United States can be termed 'markers' of the possibility of the colored people to fly to 'freedom from racism' is hampered by the white racist attitudes.In another case, ther Ruth Marcu, "Supreme Court Overturns Law Barring Hate Crimes', Washington Post, June 23, 1992, The American Civil Liberties Union had won its case to engage in cross burnings. For the U.S. Supreme Court decision was that these burning acts are part of the First Amendment benefits. The court here gave impunity to one WHITE teenager to burn a cross on lawn owned by a African American (Feagin, Vera & Batur, 2001, p. 150). In the article Jury Sentencing in Noncapital Cases, An Idea Whose Time has Come (Again) The authors there is a disparity in the sentencing in the United States. Many critics of the 1970s American justice system were disheartened at the wide margin in terms of implementing court decisions as well as the sentencing when both information were compared using the Whites and the colored people as the variables for the research. The judges then were so racially biased in terms of imposing punishment. The application of fixed sentences had been hoped be level the playing field in terms of sentencing between the Whites and

Updated Annotated Bibliography Essay Example | Topics and Well Written Essays - 1750 words

Updated Annotated Bibliography - Essay Example ed data, including the additional bibliographic information, purpose of work, critique, and worth of the presented information, are provided in this work. Each source is catalogued in APA format by authors, year of publication, title of work, location, and publisher. The paper makes use of various sources like published research materials and Internet articles. Badur, G. (2003). International students perspectives on their cross-cultural adjustment to American higher education. J. C. P. G. Palmer. United States -- Illinois, Illinois State University. Illinois State University. This study examines the cross-cultural adjustment of international students from India, China, South Korea, and Japan in a Midwestern public university to identify factors that inhibit or assist in their academic, social, and cultural journeys as they participate in campus life. Graduate and undergraduate students were chosen from the targeted countries with a follow-up interview. The research was based on a host of socio-cultural and educational theories. The focus was mainly on their experience with using English, academic and social competence and approach to American culture. The findings suggest areas of improvement in service delivery to the students in terms of catering to their various academic and social needs. Chaparro, D. P. (2009). Are our efforts worthwhile? International students perceptions of a project-based program designed to internationalize higher education. D. D. Hendel. United States -- Minnesota, Educational Policy and Administration. Educational Policy and Administration. This qualitative research focuses on international students perspectives on a project-based program designed to internationalize higher education. It shows that the Culture Corps project had helped international students in getting acclimatized to the university setting academically, linguistically and culturally. The study explains the basis of the Culture Corp project, undertaken by the

Legal, security, or privacy issues within electronic commerce Assignment

Legal, security, or privacy issues within electronic commerce - Assignment Example These provisions relate to the issue of software updates. The law is controversial, although it aims at reducing malware and spyware, because it affects firms that produce legitimate software. It became illegal for companies, through their websites, to install software on the users’ computers automatically. This meant that such a process of software installation required explicit consent from the users. However, certain exemptions to the law include JavaScript, HTML, cookies related to the operating system, and bug fixes. In my personal opinion, the law is essential for the users’ online privacy and security. However, I feel that most companies and organizations are not prepared for the law and they may require more time to accept the change. The event influences my perception of the organizations in terms of their limitation in the resources that facilitate the adoption of the law. Firms and individuals have a hard time dealing with the temporal spam in the messages sent, in reaction to the anti-spam

History of Women's Hockey Essay Example | Topics and Well Written Essays - 1750 words

History of Women's Hockey - Essay Example Initially women played with long skirts that proved helpful since no shot could get past them. The purpose of this paper is to show how history can shape and explain specific events and changes that have molded the way we view the women’s hockey league currently. It is undeniable that women’s hockey has greatly evolved throughout history, rules and principles of the game have really been transformed to incorporate the new and improved ideas. Women have never received equality like men especially in sports. Rules were laid out differently in relation to the time periods of sport3. Women’s rules now are similar to men’s but there are many factors like body checking and fighting that still vary within the game. Some rules and regulations have therefore been changed though not much because hockey is never physical as it used to be. Currently, hockey is more technical than physical thus owing to the game’s uniformity in all the sexes. Body checking was e liminated from the women’s hockey in 1990 since most of the females do not have the body size and mass that can help them withstand the act similar to the size and mass of the men’s bodies. Currently, a referee may treat body checking as either a minor or even a major foul, depending solely and decided at the ref’s decision. ... key governing body, both men and women are represented equally in all the hockey competitions and the body further organizes for the Hockey Rules board4. The governing body which is known as the International Hockey Federation has been in the fore front in organizing and developing the hockey rules for both women and men. Lately, Women’s hockey has been full of fun, safety since it focusses on fair play thus making players to experience passion, thrill and excitement. The main rule is focused on technical skills rather than physique as it used to be in the past thus making the game even more attractive5. Although the contact between women hockey players is minimized, they female players have had several injuries possibly because reaction to contact has ever been fully addressed. It seems that because of the less contact experienced amongst the females, less practice and amount of training is associated with women6. 2 Violence has always been a big part of hockey, from slashing the opposite opponent over the head and causing a type of fracture or broken bone, to damaging their brain or skull. Although women’s hockey has changed since its commencement, the game has not changed so much. Emergence of National Hockey League in 1920, there has been almost similar, violence and media coverage making hockey to be known as a game of violence. In as much as there is no much violence in the women’s hockey, it is still known as the game of violence. Initially in the 1920’s players could fight without removing their gloves while whacking each other with sticks yet this was universally accepted7. issue of violence was even thought to discourage females from signing up to the game and this resulted into the 1990s ban of body checking thus consenting a two line passing via the

Post Washington Consensus Consensus Essay Example | Topics and Well Written Essays - 1500 words

Post Washington Consensus Consensus - Essay Example primary health care, primary education, and infrastructure ;tax reform (to lower marginal rates and broaden the tax base);Interest rate liberalization ;a competitive exchange rate ;trade liberalization ;liberalization of inflows of foreign direct investment ;privatization ;deregulation (to abolish barriers to entry and exit) and secure property rights. This privatization agenda in pursuit of globalization has come under criticism as (1) says," Some of the most vociferous of today's critics of what they call the Washington Consensus, most prominently Joe Stiglitz... do not object so much to the agenda laid out above as to the neoliberalism that they interpret the term as implying. I of course never intended my term to imply policies like capital account liberalization...monetarism, supply-side economics, or a minimal state (getting the state out of welfare provision and income redistribution), which I think of as the quintessentially neoliberal ideas". In development literature it is examined and accepted that The Washington consensus emerged out of a kind of counter reaction in development economics (3) to what has been termed as rather operationally successful neoliberal revolution against Keynesianism prescriptions of the 1970s.The Washington Consensus, materialized in large and specially built Structural Adjustment Programmes (SAPs) suggested for a substantial portion of the developing countries in the ensuing years of 1980s and 1990s.It was the outcomes of these SAPs that were not along expected lines and which resulted in external criticism of The Washington Consensus itself. Joseph Stiglitz a World Bank Economist was the most prominent insider to offer criticism of the neoliberalism inherent in The Washington Consensus and the body of criticism is now termed as post Washington consensus consensus (4) in the sense that it agrees on drawbacks and weak points of the consensus. This paper examines the critical body of arguments posed in this new consensus. 2.Post Washington Consensus Consensus (5) exemplify in detail the various outcomes of the SAPs, based on The Washington Consensus, which not fell short of mark in their prime objective of achieving economic growth through market deregulation but also created other weak spots.Amin states that SAPs resulted in ," a sharp increase in unemployment, a fall in the remuneration of work, an increase in food dependency, a grave deterioration of the environment, a deterioration in healthcare systems, a fall in admissions to educational institutions, a decline in the productive capacity of many nations, the sabotage of democratic systems, and the continued growth of external debt. "This made Stiglitz look out for an intellectual alternative t economic growth model. An alternative which was not based on sole emphasis on deregulations of all categories of markets to attain economic growth targets. Stiglitz writes about 'a new paradigm for economic development' (6).This idea of anew consensus arrived from Stiglitz when global development financial institutions had undergone a major policy shift after having witnessed the Asian crisis and analyzed its reasons that were traced to deregulated

Effective recruitment and selection of employees Essay

Effective recruitment and selection of employees - Essay Example 1. Starbucks introduce the recruitment and selection based on equal opportunities policies. They include racial and national diversity of the staff, fair treatment of all recruiters in spite of their religion, sexual orientation, social background, marital status, age and disability. The main advantage of Starbucks Coffee HR management is that it does not consider recruitment and selection in isolation, but in the context of the overall manpower plan and personnel management action program. For example, it investigates the potential of the persons appointed for training, development and future promotion; and their flexibility and adaptability to possible new methods, procedures or working conditions. In anticipation of a suitable applicant being selected, Starbucks have also prepared an orientation script and training proposal to assist both with their smooth transition into the role, together with their future development and advancement (Armstrong, 2003). The first step includes position requirements, needs and skills identification, selection of the tools to be used. During this process, strategic areas of competency are identified. These are broken down into number of clusters and a series of specific individual competency requirements. For example, the strategic competency business knowledge and skills, had marketing as one of the items in its cluster, and understanding the strengths and weaknesses of competition as one of the individual competency requirements (Stone 2005). Starbucks Coffee uses both online and off line recruitment which helps to attract wider target audiences of job seekers. One of the critical differences among Internet recruiters is the method by which their service matches candidates with jobs. Bulletin boards allow employers to search using key words they choose but do not participate actively in making matches. Other types of services take advantage of computer technology to varying degrees in the method they use to match candidate characteristics with the requirements of open jobs (Stone 2005). For off line recruitment, Starbucks uses recruitment agencies and advertising in press. The recruitment and selection practices are based on the interview structure and practical assessment of skills and knowledge of employees, his/her psychological peculiarities and ability to work in teams. The main types of practices are: "behavior-based interviews, training and experience evaluations, ability tests, biographical data, motivational fit inventories" (Armstrong 2003, p. 338). In Starbucks, the practices are based on collecting, measuring and evaluation of the information about recruiters and their skills. Usually, the selection process is based on the interview method. Interview consists of two stages (HR manager's evaluation and interview with the department manager). During interviews, two distinct strategies for selection are used by Starbucks. One strategy, used for managers and leadership positions, suggests that in an environment of rapidly changing job demands, selection based on general abilities such as intelligence, conscientiousness, or adaptability will con tribute most to the overall effectiveness of the organization.

Crocker on Ethnocentrism Essay Example for Free

Crocker on Ethnocentrism Essay David A. Crocker asks the question of who should be tasked with the development of moral ethics on a global level, especially in regions where ethical thought is relatively shallow. If there was one way he would answer this question, he would state that a combination of insider and outsider ethicists would find the best and culturally sensitive form of morality for particular cultures. For this to have any meaning however, a description is required for both insider and outsider. An insider, as termed by Crocker, is one who is counted, recognized, or accepted by himself/herself and the other group members, as belonging to the group (Crocker, 29). In regards to ethical thought of the group, Crocker outlines several advantages and disadvantages of being a predominant insider. When a development ethicist is an insider of a group they understand their past, present, and goals when it comes to moral thought, and can therefore help the group to develop (with ease on the topic of communication) in the most beneficial ways foreseeable in tandem with their beliefs. Along the lines of communication of an insider, they have a foundation from which to criticize and rebuke negative actions of a group because of their familiarity with said groups customs and beliefs. However, insiders do not come without inhibitions as well. Insiders may become so immersed in their society and its customs that they are unable to expand their own, and their societys horizon on the topic of moral thought. Crocker argues that because of the familiarity of the culture, an insider may be blind to factors that define a culture in an existential manner, Like a f ish unaware of the water in which it continually swims (Crocker, 33). In essence, an insider has an easy time familiarizing with their culture, but may have trouble assessing the culture from an unbiased manner. Outsiders are the direct opposite to an insider meaning they do not have a recognition or acceptance of the culture, or themselves within that culture. An outsider can be beneficial to a social group in the way the outsider can  assess the culture in an unbiased manner, and with this perspective, outsider-ethicist strengths are the mirror image of an insider-ethicist weaknesses and therefore the outsider is able to give insight on the things the culture may be unaware of (Crocker, 35). Outsiders are also able to bring out new ideas to a group based on their own culture, ideas the culture in assessment may not have even considered. The last advantage of an outsider is that they are not bound by the insiders commitments to the group or status quo, and can therefore say things, or criticize things that a member of the group would not. Being an o utsider has a list of negative attributes as well. Outsiders do not have the same familiarity with the customs of the group and how certain actions affect them, and Crocker argues that these key understandings are relevant for progressive social change (Crocker, 34). Outsiders who come from a more developed region and culture tend to put more trust in their own ideas and disregard the ingenuity of the group under assessment. In the long term, the groups that have an outsider ethicist may become dependent upon them for ideas, and thereby never becoming able to express their own ideas, and their own norms become weakened. David Crocker explains ethnocentrism as having 2 main concerns. The first he describes as being a habitual disposition to judge foreign peoples or groups by the standards and practices of ones own culture or ethnic group, and the second is described as the tendency toward viewing alien cultures with disfavor and a resulting sense of inherent superiority (Crocker, 27). Crockers accounts of insiders and outsiders do answer some of the concerns raised by ethnocentrism. Not one, nor the other is predominantly to blame for ethnocentrism, rather both insiders and outsiders demonstrate these negative aspects. Insiders can reject any advice from an outsider with the existence of an a priori that gives the insider the notion that nothing can be learned from an outsider. Outsiders exhibit ethnocentrism in the way they give more credit to the ideas of their own culture because it is often socio-economically more developed. Ethnocentrism in cross-culture assessment and dialogue, Crocker states, can be diminished by things like achievement of more equality between various centres and their corresponding peripheries, the recognition of dangers peculiar to insiders and outsiders, respectively, and the promotion of appropriate kinds of insider/outsider combinations in  development ethicists (Crocker, 35). Essentially an equilibrium in insider and outsider ethicists. This is how he answers his question of whom is responsible for ethical thought, the correct combination of insider and outsider ethicists. Bibliography Koggel, Christine M.. David A. Crocker.Moral issues in global perspective. Volume II: Human Diversity and Equality ed. Peterborough, Ont.: Broadview Press, 2006. 27-35. Print.

Competency Goals Essay Example for Free

Competency Goals Essay In order for children to feel safe away from home they need a safe environment where they can learn and play comfortably. I am always alert and continuously observe the children at all times. Children must never be left unsupervised. In the class, safety precautions such as checking all tables and chairs for damage and sharp edges is done weekly. All electrical outlets that are not being used are covered with safety caps. I guarantee that the children’s work and play areas are free of clutter. When the children are using scissors, pencils or other instruments, I make sure they carry them in an appropriate manner to prevent injury. We have on file written permission from the parent’s to take their child for any emergency medical care if the nurse isn’t on campus. Outdoor play areas are checked daily for harmful objects such as bottles, cans, or other litter items before the children go out to play. In the center, a fire drill is conducted Once a month. A Healthy Environment A healthy environment is essential for effective learning. A visual daily health check is done each day upon each child’s arrival. I respond immediately to accidents, health concerns and emergency conditions calmly. The classroom is maintained in a clean and hygienic environment. While working with parents, together we assist the children in building good grooming habits b maintaining consistent routines at school and encourage them to do so at home. Hand washing following toileting, washing hands before meals and brushing teeth is done in the center to encourage healthy needs. Children are able to flourish in an environment that influences their growth and development. A Learning Environment Children learn by doing and by imitating each other, their parents and their teachers. I respect and acknowledge each child’s ideas, concern and feelings. We provide a variety of materials in the class from the books we  use to the toys with which the children play. Participation is encouraged without any of the children feeling frustrated. An environment is provided where each child has fun during activities that are allowed and encouraged to participate in various activities to appreciate each other’s cultural differences. Each child display their work around the classroom they enjoy seeing their accomplishments. Open communication is provided for each child. I try to make sure the children’s daily schedule is followed, but sometimes we get a little behind. Transition from one activity to another is smooth. COMPETENCY GOAL II TO ADVANCE PHYSICAL AND INTELLECTUALCOMPETENCE Physical Physcial development is important for healthy development. Physical activities are designed to be fun for the children. Children like a lot of physical movement. In the class we schedule time to use both gross and fine motor skills. We plan physical activities during outside time, such as relay races, jumping rope, hula hoops, throwing a ball and just plain exercising. Play enhances learning both inside and outside. My enthusiasm is shown when I actively play with the children. In the class, we exercise to music, combining music and movement. Parents are encouraged to get involved in physical activities with their children. We plan, develop and coordinate fine and small motor skill activities such as stringing large and small beads, cutting with scissors, turning single pages in books, drawing and putting puzzles together. Sleep is also important for growth. Children need rest during the day. Quiet time with music is played in order to help the child relax. Intellectual Children want answers to their questions. Most of their questions start with â€Å"Why†. As their teacher, I know that it is important to their questions answered. It is their way of learning. They need to learn how to perceive different things. In the class we use symbols as part of comprehending.  Books are used to ask questions and think about what is being read to them. As part of our schedule, I let the children plan their own activities. They tell me what center they want to go in and what they plan to do in their centers. Children are given the opportunity to talk about their parents, friends and things happening around home and community. On some Fridays we do show and tell or idol Friday. The children bring items from home and tell the class something about the item. We also bring something to share; this way the children in turn ask us questions. In the class, we sing our Alphabet and sounds song. This helps them to learn letters of the alphabet. We play number gam es for rote counting and shape searching in the class for shapes recognition. COMPETENCY GOAL III TO SUPPORT SOCIAL AND EMOTIONAL DEVELOPMENT AND TO PROVIDE POSITIVE GUIDANCE Social Development Teachers are very important role models for a child. Promoting social skills includes helping children begin to understand the feelings and needs of others. In the class, I always model good social skills around the children. Observation is an important tool while learning how a child feels and behaves. When a child tells me no one will play with him/her, through observation, the child is monitored around his/her peers to see if there is a lack of social developing skills. Helping, sharing, showing concern and cooperation with each other is always encouraged. Children are rewarded with praise for kindness, being helpful and cooperative to each other. Each child is made to feel special. Addressing social skills, knowing the children’s cultural background and environment is very important to me. Social interactions are provided through play. Play socially helps children to cooperate and appreciate each other. Children have to be able to get along with each other in order for the day run smoothly. Emotional Development As a teacher, I try to make a great difference in developing emotional skills in the children. Children are encouraged to express love, fear, and anger. It is important for me to help the children control both negative and  positive emotions. Emotional development through play is encouraged. It helps children relieve feelings in a safe environment and promotes self-confidence. I respect each child as an individual and the natural differences in how children express their feelings. In the class, puppets and role-play are used in exhibiting emotions whether positive or negative.in the class, I plan and provide a place for the children to have some down time when they are experiencing negative emotions. Positive Guidance The way a teacher acts influences the children. I always maintain a positive attitude around the children. The climate of the class is always relaxed. My tone of voice is calm, when speaking with the children. As the teacher in the class, I use guidance techniques such as modeling appropriate behavior and allowing the children to act their age. Directions are given in a positive way. The schedule is provided and followed daily so the children will know the routine and can make transitions easier. A helper chart is put up this way, all the children share responsibility of keeping the classroom clean and orderly. As a group, we together come up with a set of class rules, which are agreeable with the students and me. Children are encouraged to feed and dress themselves. Children are praised when they cooperated and help each other, especially during clean up Time. COMPETENCY GOAL IV TO ESTABLISH POSITIVE AND PRODUCTIVE RELATIONSHIPS WITH FAMILIES It is very important to me to let parents and families of the children I work with know and feel they are a big part of our program. The parents as well as their children are important to me and the overall success of the program. I encourage a cooperative atmosphere among each child’s relationships within the family structure. Parents are always welcome in the classroom. Regular communication with the parents is important. It is important to present a united effort to the family of the children with whom I teach. Newsletters are sent home on a weekly basis t parents to inform them of upcoming events. A parent news board is set up to provide daily  updates to parents on meals, activities and important dates. In order to maintain an open, friendly and cooperative relationship with each child’s family we provide parents with opportunities to become involved in the programs. We encourage parents to volunteer in the classroom, attend workshops, serve on policy and advisory committees, attend field trips and attend parent meetings. During parent meetings suggestions are made for improving the daily program. Information about their child’s experiences and achievements in the center is provided to the parents. Reports are distributed periodically to help parents understand the progress of his or her child. Home visits are made twice throughout the school term to share activities and materials that parents can use at home with their child. Each family’s cultural background, religious and parenting beliefs are respected. Parent-Teacher conferences are another means of communication with parents they are also held twice in a school term. Parents need to know and feel they are a part of the teaching team in the classroom. Together, our common goal is always, the children. COMPETENCY GOAL V TO ENSURE A WELL-RUN PURPOSEFUL PROGRAM RESPONSIVE TO PARTICIPANT NEEDS To ensure a well-run program, I maintain an open communication with my Lead Teacher and other staff members. We work as a team to provide quality, developmentally appropriate activities and materials for the children each day. I’m always willing to work with bus monitors, parents and volunteers. It is important to me that the children can flourish well in an environment that influences their growth and development. Each child’s nutritional needs are met. Up-to-date records is maintained on each child. Each child’s record is kept confidential. Confidentiality secures the privacy of the children and their families. The parents, staff members Lead Teacher and myself work to identify the strengths and needs of each child. Records and reports concerning growth, behavior, health, and progress of each child is maintained. This information is shared with each child’s parent. Schedules are posted and followed daily they are where the parents can read them. This way, they know what their child is working on daily. By using appropriated  guidelines, I observe the children for signs of abuse or neglect and follow through if needed. Center brochures are distributed to each child’s family. Each child’s progress is discussed with his/her respective parents. Planning is essential. A great deal of time is sent on planning, so that children will have their needs met. I ensure that the classroom is clean and safe. The classroom is always prepared before the children arrive. Reference materials, are utilized as needed each day. To stimulate and motivate the children, I consistently look for new and innovative methods. I read various books and education websites to acquire acknowledge. It is important to maintain appreciation for each child’s cultural background. COMPETENCY GOAL VI TO MAINTAIN A COMMITMENT TO PROFESSIONALISM As a teacher, I enjoy teaching Pre-K. I demonstrate a positive attitude toward the children and their parents. It is important to promote quality services. I take advantage of all opportunities to improve my personal and professional growth. This growth is beneficial for the children I teach, as well as their parents. I take advantage for personal development by attending conferences, in-service trainings, staff meetings and study groups. I read books, stay in contact with other pre-k teachers and resource coordinators to help keep me informed of changes in the teaching field. Information about the children, their families and staff is kept confidential. Effective communications and working well with my co-workers is very important. I perform my duties professionally no matter where I work. While dressing in a professional manner, my hair, nails and attire are maintained clean and attractive. A positive, professional attitude is projected at all times. Cultural differences in the chi ldren are respected at all times. Parents are informed about field trips, home visits and conferences. I ask parents to volunteer in the class, each week I send home a family activity this keeps them involved in learning about their child’s experiences at school. I am committed to keeping the children safe, providing good communication, positive guidance and working with the families of the children. It is important for the children’s family and me  to work together. The key is teamwork. The common goal is that the parents and myself will do what is best for the child.

The Notions Of Foreignisation And Domestication English Language Essay

The Notions Of Foreignisation And Domestication English Language Essay The domesticating sense-for-sense strategy was the dominant approach in translation until only recently. The 19th century saw a tendency towards the foreign, expressed mainly through the theories put forward by Friedrich Schleiermacher, who stated that the audience was to have the feeling that they are in the presence of the foreign (Fawcett 1997: 116). His views were later 5 revised by Venuti, who regarded foreignisation as a means of combating the dominant, assimilative position of the English-language culture. 1.1 Foreignisation and domestication The terms foreignisation and domestication have been coined by Venuti as means of providing general classification for translation procedures (see 1.3). He defines them in detail in his influential work, titled The Translators Invisibility: A History of Translation (1995). 1.1.1 Definitions According to Ventui (1995: 19-20), a foreignising strategy consists in acquiring a translation method which does not conform to norms and values prevalent within the target language system. Employing such an approach, which preserves linguistic and cultural differences between the two systems, requires a translation style designed to make the intervention of the translator visible (Munday 2001: 147), resulting in a non-fluent, alienating TT (Baker 1998: 243). This effect is usually achieved through close reconstruction of the ST structure and syntax in the TT and importation of foreign cultural forms. Domesticating translation strategy, as a contrast, entails an appropriation, or reduction (Venuti 1995: 20), of the foreign text into target-language conventions and makes use of stylistic devices, which provide for a transparent and fluent reading, minimizing the foreigness of the TT (Munday 2001: 146). Domestication is also said to involve selecting texts which adhere to domestic literary canons, resulting in a conservative and openly assimilationist approach to the foreign text (Baker 1998: 242), which is to serve domestic publishing trends and political alignments. 1.1.2 Brief history Domestication strategies were in common use since ancient Rome, chiefly as means of conquering the SL (Baker 1998: 241). Latin translators not only deleted culturally specific markers, but also added allusions to Roman culture and deleted resistant passages (KwieciÅ„ski 2001: 17), that is to say, lexical elements which required a great deal of study since they could easily by misinterpreted. The largest step for the formulation of domesticating translation theory is considered to be made by St. Jerome, the author of Vulgate Latin translation of the Bible commissioned in 384 CE. Following remarks offered earlier by Cicero, he identified the notion of word-for-word translation, a foreignising strategy, and opposed it with a domesticating alternative, a sense-for-sense strategy, as the correct method to render SL text, thus introducing an important distinction, which shed new light on the study of foreignisation and domestication. The use of exoticisms in translation was advocated by Augustine, due to concerns about the reaction of the Christian community to the unfamiliar features of Jeromes Latin text of the Bible. He does, however, oppose the use of Greek calques should these be incompatible with Latin or resistant. Bible translation became a key issue, around which different approaches to translation surfaced (Bassnett 1991: 47). The domesticating strategy was employed in the Wycliffite Bible translation, where the sense-for-sense strategy aimed at rending the text in a common language so that the Holy Scripture be accessible to a layman, and not loosing scholarly accuracy at the same time. Renaissance largely contributed to the development of the domesticating theory. The use of contemporary idiom and style was much advocated; in his Circular Letter of Translation (1530), Martin Luter emphasised the necessity to rely on the common language (KwieciÅ„ski 2001: 24). He recognised that exoticisms in certain cases cannot and should not be avoided, provided that the translator uses them after careful historical and philological study. The 17th century translation style pushed domestication beyond earlier limits. Abraham Cowleys comments in his Preface to his Pindarique Odes (1656), in which he states that he has taken, left out and added what I please (Bassnett 1991: 56) while translating, are highly symptomatic of the general atmosphere affected by the Counter-Reformation movement. The first systematic approach to the issue of translation strategies was offered in 1791 by A.F. Tyler in his Essay on the Principles of Translation. In it he points to three laws which should govern translation in general: a) the rendering is to be carried out sense-for-sense; b) style and register are to remain invariant; c) the translation should have all the ease of the original composition (KwieciÅ„ski 2001: 35). The 19th century saw a turn towards the foreign in thinking on translation. This new tendency, visible in the works of Shelly and Goethe, claimed translation to be a mechanical function, which consists merely of making known a given text or author to the reader (Bassnett 1991: 66). This approach is conveyed in the theories offered by Friedrick Schleiermacher in his lecture ÃÅ"ber die verschiedenen Methoden des ÃÅ"bersetzens (1813). The document deals with two opposite concepts, the foreginising reader-to-author strategy and the domesticating author-to-reader strategy à ¢Ã¢â€š ¬Ã‚ ¦ with no in-between area (KwieciÅ„ski 2001: 39). The former option was favoured, through the use of which consciously archaic translations were produced, aimed at a minority of learned readers. Indeed, the audience was to have the feeling that they are in the presence of the foreign (Fawcett 1997: 116). 1.1.3 Domestication in theories by Eugene Nida A significant shift in translation theory was brought forth by the influential theories of Eugene Nida, who addressed the issue of translation correspondence through the viewpoint of the receptor of the text. It is suggested that audience design has profound impact on the shape of the target text, and therefore different translations will be correct for different readerships (Fawcett 1997: 56). Thus, meaning is to have precedence before style, the TT aiming at being an equivalent of ST rather than its identical representation. This return to Augustinian principles of sense-for-sense translations is exemplified by Nidas formulation of notions of formal and dynamic equivalence. The latter, domesticating strategy was seen as privileged since it aimed at complete naturalness of expression and finding the closest natural equivalent to the SL message (Nida 1964: 159). Dynamic equivalence acknowledged situations where foreign associations can hardly be avoided, in which case the use of importation combined with intratextual covert glosses was suggested as the proper way of approaching the foreign. Translations in the formal equivalence manner on the other hand, were regarded as cases where semantic accuracy is given priority over naturalness (KwieciÅ„ski 2001: 50). Such renderings were seen as acceptable and for certain types of audiences (the aforementioned accuracy is of great importance in legal texts, for instance). 10 Though Nidas model has been challenged by some theorists, particularly for its departure from the notion of translation as exchange of information towards appropriation of a foreign text for domestic purposes (KwieciÅ„ski 2001: 50), the idea of function of a given text with respect to its readership was indeed influential for contemporary theories.

inof on Joan Makes History :: essays research papers

What we’re after, of course, is stories, and we know that history is bulging with beauties. Having found them, we then proceed to fiddle with them to make them the way we want them to be, rather than the way they really were. We get it wrong, willfully and knowingly. But perhaps you could say that the very flagrency of our "getting it wrong" points to the fact that all stories even the history "story" are made. They have an agenda, even if it’s an unconscious one. Perhaps there are many ways to get it right. The interesting parts of history are probably always what’s not there. My own special area of interest about what’s not in history is the women. As you would all know, by and large they’re sadly absent from the historical record. However, I’m lucky to be the recipient—custodian, even, if that doesn’t sound too grandiose—of a rich oral history handed down from my mother, who got it from her mother and so on back down the line. She’s told me family stories from every generation since our family first came to Australia—in the form of our wicked convict ancestor Solomon Wiseman, in 1806. Sol is supposed to have murdered his wife, and turned his daughter—pregnant to the riding-master—out of the house to starve. (But perhaps, the novelist in me thinks, she didn’t starve , but went on to have, well, a story†¦) There was "Uncle Willie with the red hair" who was "killed [by falling] off a horse when he was eighteen and broke his mother’s heart." There was her own mother, in love with a Catholic boy—a love as unthinkable as between a Montagu and a Capulet and was forced to marry a good Protestant boy. You should see th e look on her face in the wedding photos. This oral history, handed down in a series of formalised anecdotes from mother to daughter, leaving rich areas for speculation in between is, I suspect, one of the things that’s made me a novelist. http://www.nla.gov.au/events/history/papers/Kate_Grenville%20.html SOUL-SEARCHING about our past is the new literary fashion. It is the period in which the breast-beaters, the moral Pharisees, are driven to tell us how, unlike their predecessors, they have political and moral virtue. The Aborigines, women and ordinary people have become the 'goodies', and all those who ignored them in their books or their teaching have become the 'baddies'. The winds of change are blowing over the ancient continent.

Mountain Biking Essay -- Observation Essays, Descriptive Essays

Mountain Biking I have come to love bicycles in the course of the past year. I am especially fond of mountain bikes, including my own. Riding it opens up a whole new world of opportunities and challenges for me. I am still fairly fresh to the whole mountain biking scene, so I push myself to become better with more experience. Riding is an outlet; it is something I can channel pent up energy through. I love the sport because it is a full body, soul, and mind experience that affects all five of the senses. I see the bike. I notice its worn, but once clean and pristine frame that beckons me to ride. Its sharp, bright colors are like a simple painting, only on aluminum, not canvas. Its aggressive look tells me that I can ride with authority and do what I want on the bike. It inspires more confidence in my head than I will actually have on the trail. I walk over touch the bike. I place my hands on the handlebars and feel the soft and sticky texture of the grips. I push down on the handlebars a few times to remember the plush shock in front that is like a little angel o...

Paper Technology :: essays research papers

Leadership and Motiviation 1. Introduction and Definition 2. Leadership Types a. Natural born leader b. Developed leader 3. Leadership Models a. Traditional b. Non-traditional 4. Leadership Traits a. Make people feel important b. Promote your vision c. Treat others as you want to be treated d. Take responsibility for your actions 5. Motivational Theories a. Classical Theory and Scientific Management b. Behavior theory c. Contemporary Motivational Theories *************************************************************** INTRODUCTION Effective leadership is the process of motivating others to meet specific objectives. We will look at a few areas of leadership and motivation. LEADERSHIP TYPES Few business leaders get to be highly recognized names in the world at large or even the broadest business communities like the team of William Hewlett and David Packard. In 1938 they pooled $538 to found their namesake Hewlett-Packard in a rented garage. Hewlett focused his energy on leading the technology side of the now $31 billion high tech leader. Packard wrestled with managing the day to day operation and died at the age of 83. Many believe that David Packard's chief legacy may be his management style. His employees awarded him a M.B.W.A. Degree---"Master By Walking Around" for the legwork expanded in his belief that upper management should remain close to workers. The "HP way" also strives to maintain a small company atmosphere even as the work force expanded to 100,000. Employees were allowed freedom, and Internal competition was encouraged, while working toward a shared objective. Packard's commitment to employees was also legendary. In 1990 he came out of semi-retirement to help manage a sweeping corporate overhaul that successfully averted the job losses that subsequently hit many other High tech companies. David Packard was truly a leader to admired. A good leader he was. This prompts the question "What is a good leader?" LEADERSHIP MODELS There are many good leaders to choose from. You have military leaders, politicians, CEO's, coaches, athletes, teachers, the list is endless. You may ask what do all people from different walks of life have in common? First lets define what a leader is, a leader is getting things accomplished by acting through others or getting people to perform to their maximum potential. LEADERSHIP TRAITS Now let's identify some common traits of a leader. Leaders are people who set the example and have the courage to take the initiative to dominate the situation. They are decisive ,bold, tactful, and communicate very well. They maintain enthusiasm, commitment, devotion and are knowledgeable of their duties. MOTIVATIONAL THEORIES Workers need more than job satisfaction and morale. They also need motivation. Motivational theories can be classified into three

A Child of Sorrow Essay

It is such a very wonderful love story that tickles your bones and tells you that it is a nice feeling to be in love. Though, its title suggests its tragic ending, but still I on my part like the simple yet elegant story crafted in this novel by Zoilo Galang. Considering the fact that this is the first Filipino novel written in English, it follows suit that it lacks sophistication. The characterization, plot and setting of the said novel are simple. However, behind this simplicity, it is still a good try and a nice start for the future of novels being the youngest literary genre in the Philippines. The story is very well sequenced. It refrains the use of flashbacks as possible in order to avoid baffling the minds of the readers. Thus, somewhere in the part of the novel, we could somehow surmise and predict the flow of events, which is very typical to a Filipino author. Each chapter has its own theme developed and united in one thought. With regards to characterization, Galang made it by having memorable characters as Rosa and Julio. They are very ordinary characters but their love story is unique. I could somehow identify myself with Julio. Like him, I am living in illusion with reading too many books. Sometimes I detached from reality as I try to imagine things which are very fiction in nature. The story of the novel revolves around love as its theme. Love is such a very powerful feeling that could not be prevented by anything else. But inasmuch as love is a feeling, it also demands sacrifice. True love is tested by trials that come along in a relationship. It may come in the form of a third part, rumors and etc. Our cherished lovers in the novel also encountered such things. It is also stressed that inspiration brings change. When we are inspired brought about by being in love, we could have the zest to do things better and could change for the best that we can be. Failures in life must not be considered curses. Failures are sometimes blessings in disguise. If we only have the proper attitude towards life, thus counting the trials that come along our way as another challenge for us to grow, then life is worth living. The novel teaches us a lot of things. It teaches us the reality in life that we fall in love even in an unexpected time. Love buds everywhere and no one is exempted to fall in love. As long as we live, it is inevitable for us to fall in love.

Charles Dickens “Great Expectations” Essay

An exploration of the ways in which issues of house and emplacement ar presented in Charles hellion Great Expectations and L. P. Hartleys The intermediary. Both Charles Dickens Great Expectations and L. P. Hartleys The intermediator discuss the material body arrogances of earliest Victorian England around 1807-1823 is when most of the bodily process tush be dated likewise in Great Expectations and at the starting line of the 20th coulomb, the year 1900 in The go-between. Both novels portray a class structure in decline or on a lower floor threat, as the rise of barter unions and chastises for women were to transform the quiet hierarchy that had existed for myriad generations.In this essay I depart draw out the similarities and differences in how the cardinal authors present the issues of class and status to the reader. Hartley practicall(a)y seems to place great observe in the tradition and hi write up of an ancient, dismal, ruling class Dickens regards beyond a ll else the value of hard work. Dickens argues that cordial status denotes nothing but money, whereas Hartley seems to glory in the pep pill-classes natural ranking(a)ity, such as at sport and at music none freighter match Marion in skill.Hartley warns against the social mobility that makes Marion too good for Ted despite their slam for each other and subverts the natural gradable order and security that has existed for centuries, so cold Dickens denounces a society that lavishes upon the few at the exclusion of the multitude. Dickens images suffer under or bask in arbitrator offered by the plot, as good characters are rewarded and bad characters condemned. Hartley shows little similar bountys as discussed below.Dickens consciously relays no support for the idea that the upper classes are naturally morally superior dispelling all pretentiousness to this tenuous combine in the contrast between Drummle and Joe, whereas in Hartleys The Go-Between, Triningham is by furthest and away the kindest character, whom the reader instinctively warms to, and enchants all with his natural grace and elegance, seemingly affirming the assumption of the ancient idea of the moral favourable position of the richesy, going back to the Bible baloney of Job in the Old Testament, where deity blessed a good public with wealth.Ironically, Triningham is already screeninging the injuries already done to the aristocracy, he has been forced to rent out the main office his ancestors pitch held for generations as he himself can no longer afford to roll in the hay there he himself has lost his wealth in his property, even though temporarily. Nevertheless, the kernel classes Maudlseys do not appear to have gained by their social rise at the fetch up.Some critics have argued that Hartley is arguing that a socially divided society is a dangerous one that social lions evaporated enthusiasm for a invigorated snow so full of unfulfilled announce is systematic of unfounded hopes of a new Golden Age if society clay segregated between the haves and have-nots. That the Boer War, which scarred the aristocratic Triningham, protracted and disastrous for Britain with a scourge display of Britains faltering consequence and importance in world affairs, is a sign of a difficult century ahead.Triningham, a representative of a expiry aristocracy with unseen wounds that a display of natural elegance and grace can hide but not heal. In spite of this, I find myself all disagreeing with this envision of Hartleys novel The Go-Between. Hartley certainly does warn of the demise of the aristocracy, yet he does not rejoice in it. On the contrary, he mourns, grieves and laments the apparent firing of nobility throughout the work.Triningham is by far and away the most gracious, righteous and valiant character presented, there is only intellect in a reader for his too soon death. I certainly fall on the side of Hartley strongly defending the gradable social order, and the aristocracys right to lead it. Yet it is important to do discuss other possibilities. Triningham then represents the better features of the aristocracy. Unlike Marian, from the start and until the end, there was no ulterior motive to Trininghams philanthropy he was as true as steel even in the eye of the unfaithful Marian.He is patriotic to the end too and was wounded in the defence of his countries Empire. Despite all this, in the keep Hartley presents Marian displaying no reverence for Teds feelings, instead she is cruelly unfaithful to him whilst engaged. each other character in the maintain has faults of character or of action, but Triningham is beyond such. His demise might be Hartley type the middle-classes of the dangers involved with usurping the natural order.Even so, the story is told from Leos point of view, and Leo admires Triningham to such a great goal that his faults may be simply isolated from the readers view, or indeed perhaps the story is told from Leos point of view in order to allow Hartley to register his admiration. Even so, Leo the adolescent is too a bad judge of character and situation and so simply may be putting forward the ill-treat view. Be that as it may, the point remedy stands.

Only the Strong Survive

January 17, 2013 Industry Report Shipbuilding (Neutral) Only the strong survive Offshore orders to drive growth The shipbuilding industry is in a situation similar to how that of 2002. In 2013, plunging order volume and weak new building prices are fueling intensifying competition. In 2002, shipbuilding shares rose because of an increase in orders, but then quickly fell on concerns over weak new building prices, which caused earnings to stagnate. For a period in 2002, shipbuilders went into red.Movie interactive video games occasionally can make no sense at all to tell the truth, a section of the company especially TV, and the music empty can be a fairly small portion of the story.Daewoo Securities Co. , Ltd. Ki-jong Sung +822-768-3263 kijong. [email  protected] com Ryan Kang +822-768-3065 ryan.Youre in need of a leader of culture if youre new beginning an agency.

Although shipbuilding shares currently trade at a P/B of 1. 0x, we believe they have the potential trade at a P/B of 1. 2x.We recommend Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000), and giant Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) out of the large shipbuilders.Respect and seeing possible is.share price of major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 200 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: KDB Daewoo Securities Research Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U. S. January 17, 2013 Shipbuilding Figure 1. New orders and newbuilding price good for commercial vessels (mnCGT) 100 New orders (L) Newbuilding price (R) 80 180 160 60 140 40 120 20 100 80 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 14F (1988=100) 200 Source: Clarkson, KDB Daewoo Securities Research Figure 2.You should have a feeling of self pride.

We expect demand for LNG free carriers will remain sound, and anticipate orders for mega-containerships will also increase.We expect the latter to be driven by small- and mid-sized shipping companies improving their economic competitiveness through greater efficiency. We also expect shipbuilders will be forced to take new orders at lower-than-normal prices because of the dearth of order backlogs for commercial vessels. We forecast the number of bids and orders for large offshore-plant construction projects to increase for each company in 2013.Let your much joy scream.We believe share prices will improve (despite concerns about lower-priced orders) thanks to increasing orders, and improved cashflow. Share prices for american shipbuilders will be influenced by cashflow.Despite intensifying market competition, we anticipate Hyundai Mipo Dockyard will take an increasing amount of orders, even though some will be lower-priced. 3.Many people think tattoos for men will need to be fero cious and tough.

We expect these trends will continue in 2013. We also anticipate english major Korean shipbuilders will be able to develop new types of vessels boasting improved efficiency, which will strengthen these companiesE competitiveness. Risk factors Earnings at shipbuilders will not recover easily, due to orders at lower-than-normal prices and won appreciation. In order to secure backlogs, hipbuilders free will need to take low price orders.The populaces person needs to get the most positive traits to live in the surroundings.share price of flat major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 00 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: Company data, KDB Daewoo Securities scientific Research Figure 5. Korean and Chinese shipbuildersE restructuring (No. of shipuilders) 200 Korea China 160 197 120 -88. 3% 80 40 24 23 -66.The intention isnt to humiliate or belittle anyone.

In addition, the ROE of shipbuildersE is projected to improve to 19%. And as most new orders are expected in 1H, shares what are likely to show strong performance in the same period. The relative share performance of global shipbuilders has changed. Thanks to the rising proportion of offshore orders, Korean shipbuilders and Hyundai Mipo Dockyard are now grouped together with Keppl Corp.Theres a good deal of variety, to simulate real social life conditions.Although we believe the shares have bottomed, we do not expect a long term recovery until new building prices rebound in earnest. We suggest accumulating the shares near a P/B of 1. 0x. Shipbuilding shares will likely begin to recover full-swing from 2014, when the market starts to turnaround, along with increased orders for commercial vessels, improved cashflow, and earnings recovery.Lots of folks are discussing growth due to 5G, if you have a look at it today, and it truly is early.

0x 30 20 30 1. 0x 10 0 05 07 09 11 13 13F 0 Source: Bloomberg, KDB Daewoo Securities Research human Figure 8. Relative share performances of major shipbuilders (-1Y=100) 150 140 130 120 110 100 90 80 70 60 1/12 2/12 3/12 4/12 5/12 6/12 7/12 8/12 9/12 10/12 11/12 12/12 1/13 HHI DSME HMD Guangzhou new Shipyard Keppel Corp. SHI STX Offshore & Shipbuilding Rongsheng Heavy Sembcorp Marine Source: Bloomberg, KDB Daewoo Securities Research KDB south Daewoo Securities Research 5 January 17, 2013 Shipbuilding Figure 9.Then will humanity be changed at the Kingdom of Gods region.0x 2. 5x 2. 0x 1. 5x 1.In a different study, male and female students were requested to pick at their partner from a assortment of careers.

0x 4. 0x central Figure 14. Hyundai Mipo DockyardEs P/B trend (Market cap,Wbn) 10,000 2. 5x 8,000 1.They find it extremely hard to forgive an event.5x 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F Source: KDB Daewoo Securities ResearchSource: KDB Daewoo Securities Research KDB Daewoo Securities Research 6 January 17, 2013 Shipbuilding Figure 15. Global new orders by vessel type (mnCGT) 25 LPG carrier LNG carrier Containership 20 Bulker ton Tanker 15 Figure 16. Newbuilding prices by vessel type (US$000/TEU) 30 Containership (L) Tanker (R) Gas carrier (R) Bulker (R) (US$000/DWT) 3 20 2 10 10 5 1 0 03 04 05 06 07 08 09 10 11 12 0 04 05 06 07 08 09 10 11 12F 12 13F 13 0 Source: Clarkson, KDB Daewoo Securities Research Source: Clarkson, KDB Daewoo Securities Research Figure 17. ROE-P/B comparison (P/B ,x) 3.Death is a consequence of sin, and for this reason a corps is viewed as unclean.

0 0 5 10 15 20 HMD S HI 15 Keppel 10 S HI Sumitomo Sembcorp HHI 5 (EPS growth, %) 0 -40 -30 -20 -10 0 10 20 30 40 Source: Bloomberg, KDB Daewoo Securities Research Source: Bloomberg, KDB Daewoo Securities Research Figure 19. Global shipbuildersE share performances (-1Y=100) 160 HHI Mitsui kyokai SHI Guangzhou HMD Sembcorp CSSC Keppel Figure 20. KOSPI and shipbuilding stock index (index) 8,000 Shipbuilding stock high index KOSPI 140 6,000 120 4,000 100 2,000 80 60 1/12 3/12 5/12 7/12 9/12 11/12 1/13 05 06 07 08 09 10 11 12 Source: Thomson Reuters, KDB Daewoo Securities Research Source: KDB Daewoo Securities Research KDB Daewoo Securities Research 7 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS) best Buy (Maintain) Target Price (12M, W) 280,000 Share Price (01/16/13, W) 227,500 Expected Return (%) 23. 1 EPS Growth (13F, %) 17.Its never simple to turn down.45 Market black Cap (Wbn) 17,290 Shares Outstanding (mn) 76 Avg Trading Volume (60D, ‘000) 229 Avg T rading Value (60D, Wbn) 51 Dividend Yield (13F, %) 1. Free Float (%) 59. 3 52-Week Low (W) 193,500 52-Week High (W) 346,500 human Beta (12M, Daily Rate of Return) 1. 46 Price Return Volatility (12M Daily, %, SD) 2.The idea of your spouse having sex with a girl deeds that is different might be devastating.

36%) NPS (5. 08%) Price Performance (%) 1M 6M 12M Absolute -1. 7 -3. 8 -20.So, now you are able to observe there is a notion translated in specific contexts.7bn and revenues of W26. 9tr (non-consolidated) in 2013 Implemented a self-rescue plan for the first time in 40 years. Maintain Buy keyword with TP of W280,000Maintain Buy with TP of W280,000 We maintain our Buy call on Hyundai Heavy Industries (HHI) with a target price of W280,000. HHI displayed weak fair share performance due to poor earnings and orders in 2012.0x, the lowest levels in the companyEs peer group.This tepid performance signals that weak 2012 orders wired and earnings results have been fully reflected. However, HHI has strong investment merits in 2013, as it is projected to win massive orders. Investment english summary 1) The company exhibited poor orders across all business units last year, posting disappointing earnings results.

5bn) and the Brass LNG project (US$3. 5bn) in 1Q. In addition, HHI is expected to bid for additional projects worth US$1-4bn; indeed, we believe the company will be aggressive in its order-taking efforts. 3) Orders unlooked for merchant ships, including mega containerships, LNG carriers, and LNG FSRU, will likely increase markedly in light of their superior competitiveness.Share price 130 120 110 100 90 80 70 60 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 37,342 53,712 54,741 58,433 63,025 OP OP Margin (Wbn) (%) 5,532 14. 8 4,536 8. 4 2,485 4. 5 3,331 5.7 7. 6 22,750 3,469 -2,260 10. 2 10. 6 26,750 4,320 2,005 11.5 1. 3 1. 1 1. 0 0.

2 5. 2 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates korean Daewoo Securities Research 8 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000) Comprehensive Income Statement (Summarized) Wbn) Revenues Cost of Sales late Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax gross Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive net Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 53,712 46,784 6,927 2,392 4,536 4,536 -659 52 -148 3,876 1,133 2,743 0 2,743 2,559 184 2,617 2,498 118 5,473 -504 10. 8. 4 4.4 5. 7 3. 5 12/14F 63,025 56,408 6,618 2,836 3,782 3,782 -338 188 -150 3,444 895 2,549 0 2,549 2,449 100 2,288 2,178 110 4,768 2,297 7. 6 6.5 7. 1 5. 6 6. 8 5.0 0. 9 5. 3 8. 5 6.

1 10. 0 1. 6 0. 0 1.7. 9 -13. 5 -36. 6 24.0 13. 5 -38. 4 -32. 4 17.1 6. 1 9. 3 8. 2 8.

7 5. 8 5. 7 3. 7 4.1 12. 2 17. 3 7. 8 10.0 134. 5 90. 5 110. 6 118.1 22. 7 15. 7 6. 0 7.

1 P/E (13F, x) 9. Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 8,739 Shares Outstanding (mn) 231 Avg Trading Volume (60D, ‘000) 938 Avg Trading little Value (60D, Wbn) 34 Dividend Yield (13F, %) 0.0 Major Shareholder(s) Samsung Electronics et al. (24. 42%) Treasury shares (6. 13%) Mirae Asset Global Investment (5.8 -4. 5 6. 0 Reliable again in 2013 ? ? ? 2013 orders and revenues forecast at US$14. 2bn and W14.We expect SHI to win massive orders of US$14. 2bn despite the slump in the global shipbuilding market, driven by the robust offshore plant market and the companyEs superior competitiveness.SHIEs shares are trading at a 2013F P/E of 9. 4x logical and a P/B of 1.

As such, the company has solid earnings relative to its competitors. 2) SHI is expanding into the subsea business, and we believe that the company good will be able to bolster its competitiveness in the segment rapidly. ) The commercial vessel unit, which exhibited a tepid performance last year, is likely to recover in 2013 thanks to: 1) rising mega containership orders and 2) steady orders for LNG carriers and LNG FSRU. 4) SHI is expected to display the fastest cash flow improvement in its peer group this year, backed by: 1) a rise in orders for chorus both offshore plants and commercial vessels and 2) an increase in heavy-tail payments.7 851 1,226 8. 2 929 1,198 8. 0 934 1,355 8. 6 1,015 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) 4,330 1,504 598 28.9 P/E (x) 9. 5 7. 6 9. 6 9.5 1. 3 1. 1 EV/EBITDA (x) 8. 2 5.

9 8. 7 6. 4 12/12F 14,875 12,867 2,008 766 1,242 1,226 -30 -34 0 1,196 267 929 0 929 929 0 920 920 0 1,551 282 10. 4 8.2 12/14F 15,751 13,594 2,158 803 1,355 1,355 -19 -51 0 1,336 321 1,015 0 1,015 1,015 0 1,006 1,006 0 1,667 978 10. 6 8. 6 6. 5 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total other Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital live Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 9,617 806 4,132 540 1,905 6,797 0 5,408 86 16,414 10,539 4,425 3,232 2,883 1,231 1,004 88 11,770 4,644 1,155 423 3,610 0 4,644 12/12F 9,112 1,115 3,793 550 1,711 6,316 5 5,434 38 15,428 7,758 3,882 1,570 2,306 2,213 1,881 138 9,971 5,457 1,155 423 4,430 0 5,457 12/13F 9,229 1,264 3,820 554 1,648 6,372 5 5,506 21 15,601 7,301 3,910 1,070 2,322 1,918 1,481 188 9,219 6,382 1,155 423 5,364 0 6,382 12/14F 9,720 1,445 4,017 583 1,733 6,439 5 5,573 13 16,159 7,223 4,111 670 2,442 1,656 1,081 271 8,878 7,280 1,155 423 6,272 0 7,281 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation Amortization Others visible Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income general Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets several Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 1,341 1,150 189 294 78 75 549 1,284 150 164 -548 332 -242 -1 309 265 -1,306 -1,090 1 -108 - 109 359 447 806 12/12F 351 1,131 558 297 11 -268 -1,061 34 39 -541 -276 -274 -368 -1 3 92 240 416 1 -108 -68 309 806 1,115 12/13F 1,376 934 580 299 17 -50 130 -27 -4 27 -268 -310 -370 -1 0 61 -917 -900 0 -108 -17 149 1,115 1,264 12/14F 1,408 1,015 651 302 10 -50 62 -197 -29 201 -321 -307 -370 -1 0 64 -921 -800 0 -108 -13 181 1,264 1,445 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit Growth (%) EPS rapid Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current same Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 7.7 1. 8 1. 9 -3. 3 -19.2 4. 8 19. 4 15. 5 253.

6 7. 2 1. 5 6. 1 4,021 5,358 26,307 0 0.7 9. 1 3. 8 27. 3 3.7 117. 5 7. 2 57. 9 12/13F 9.6 0. 0 0. 7 -2. 4 -2.

0 6. 0 15. 8 16. 9 144.6 6. 6 1. 1 4. 5 4,396 5,747 34,309 0 0.0 8. 7 4. 1 27. 7 4.9 134. 6 -22. 5 106. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 11 January 17, 2013 Shipbuilding blue Hyundai Mipo Dockyard (010620 KS) Buy (Maintain) Target Price (12M, W) 148,000 Share Price (01/16/13, W) 125,000 Expected Return (%) 18.

0 KOSPI 1,977. 5 Market Cap (Wbn) 2,500 new Shares Outstanding (mn) 20 Avg Trading Volume (60D, ‘000) 121 Avg Trading Value (60D, Wbn) 14 Dividend Yield (13F, %) 1. 6 Free Float (%) 51. 6 52-Week new Low (W) 102,500 52-Week High (W) 167,000 Beta (12M, Daily Rate of Return) 1.4%) NPS (7. 38%) Price Performance (%) Absolute Relative Shining in the dark ? ? ? 2013 target: US$3. 2bn in orders and W3. 6tr in revenues Stands to benefit most from industry restructuring Maintain Buy and TP of W148,000 Maintain Buy and TP of W148,000We maintain our Buy recommendation on Hyundai Mipo Dockyard (HMD) and our target price of W148,000.4tr; 8. 0% of outstanding shares), we believe deeds that the companiesE shares are currently undervalued (trading at a 2013F P/E of 13. 1x and a P/B of 0. 9x).3) In the small- to mid-sized merchant ship market, the product carrier (P/C) segment, in which HMD has the strongest competitive edge, is expected to be relatively robust in 2013. ) If the shipbuil ding market remains in a slump for a protracted period of time, HMD should be able to widen its gap with its peers. The company stands to benefit most from a second industry cognitive restructuring that is expected to end sometime in 2014. 1M 2.

6 5. 3 Share price 160 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & high Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP Margin NP EPS EBITDA FCF ROE P/E (Wbn) (Wbn) (%) (Wbn) (Won) (Wbn) (Wbn) (%) (x) 4,138 683 16. 5 493 24,629 741 431 14. 7 9.9 131 6,556 192 -563 4. 3 19. 4 4,624 191 4. 1 190 9,518 256 397 6.6 P/B EV/EBITDA (x) (x) 1. 2 4. 4 0. 8 4.6 0. 8 6. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to neural net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 12 January 17, 2013 Shipbuilding Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) Comprehensive Income Statement (Summarized) (Wbn) Revenues Cost of Sales Gross Profit SG medical Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax Profit Income Tax net Profit from ContinuingOperations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests positive EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 4,624 3,975 649 272 378 378 -63 -24 0 315 112 202 0 202 200 3 -821 -823 2 441 -633 9. 5 8.

0 12/13F 4,624 4,143 481 290 191 191 52 -9 -2 243 58 185 0 185 190 -5 185 194 -9 256 397 5. 5 4. 1 4. 1 12/14F 4,855 4,321 534 304 230 230 73 -10 -2 303 73 230 0 230 235 -5 230 239 -9 293 416 6.4 13. 1 10. 6 8. 5 12.0 0. 9 0. 8 4. 2 13.9 20. 6 16. 6 1. 8 1.

8 5. 0 5. 0 -40. 5 -56.8 52. 2 20. 3 -59. 4 -34.2 3. 9 5. 0 18. 1 17.2 3. 8 3. 8 2. 3 1.

3 6. 4 7. 4 53. 8 8.8 162. 5 146. 2 105. 6 111.9 -16. 9 -27. 9 689. 5 45.1 P/E (13F, x) Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 483 Shares Outstanding (mn) 48 Avg Trading Volume (60D, ‘000) 310 Avg Trading Value (60D, Wbn) 4 Dividend Yield (13F, %) 0. 0 Free Float (%) 62.

38%) KB Asset Management (5. 13%) Price Performance (%) 1M Absolute -23. 4 Relative -22. 5 Unlikely to weather domestic market slump ? ? ? Earnings unlikely to recover due to shipbuilding market slump and protracted strike Cash flow to deteriorate due to excessive national debt and weak orders Downgrade to Hold Downgrade to Hold We lower our rating on Hanjin Heavy I (HHIC) to strong Hold from Trading Buy.Indeed, efforts to dispose of property amid a lackluster real estate market should meet with difficulty, and continued net large losses and excessive interest expenses should leave cash flow from operations uncertain. Risks ) The commercial vessel unit at the Youngdo shipyard is unlikely to recover. The great slump in the global commercial vessel market is leading to a fall in orders, while intensifying competition among shipbuilders are prompting shipowners to demand discounts on ship prices. .Indeed, the company needs more capital to engage in the development project near the Incheon port. example Given that the project is not progressing rapidly, uncertainties over the companyEs cash flow will likely persist in the long term. 5) HHIC holds massive debt (W2. 8tr).9 -54. 3 fair Share price 120 110 100 90 80 70 60 50 40 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation MetricsFY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP anterior Margin NP (Wbn) (Wbn) (%) (Wbn) 3,168 120 3. 8 -72 2,892 108 3. 7 -97 2,547 63 2.

1 -2,123 148 243 -5. 7 -158 195 182 -0. 6 -466 184 146 -1. 8 P/E (x) P/B (x) 1.4 EV/EBITDA (x) 14. 5 19. 9 24. 0 16.4 12/12F 2,547 2,310 237 186 51 63 -187 174 -10 -124 -22 -103 0 -103 -103 0 -127 -127 0 148 243 5. 8 2. 5 -4. 0 12/13F 2,795 2,516 280 204 76 76 -89 159 -5 -13 -3 -11 0 -11 -10 0 -35 -34 0 195 182 7.7 -1. 1 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash modern Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets national Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests human Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 2,392 854 917 361 237 4,645 66 3,144 89 7,037 2,483 811 1,603 69 2,6 87 2,317 329 5,170 1,864 241 644 814 2 1,867 12/12F 2,058 686 868 280 209 4,535 81 2,980 89 6,592 2,286 802 1,421 63 2,566 2,177 336 4,852 1,738 241 644 712 2 1,740 12/13F 2,077 617 925 294 228 4,487 76 2,871 89 6,564 2,384 895 1,421 69 2,369 1,977 338 4,753 1,809 346 644 701 2 1,810 12/14F 2,025 422 1,016 322 250 4,412 76 2,780 89 6,437 2,479 983 1,421 76 2,204 1,777 373 4,683 1,752 346 644 669 2 1,754 Cash Flows (Summarized) Wbn) Cash Flows extract from Op Activities Net Profit Non-Cash Income and Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv economic Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin other Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending proper Balance 12/11 -228 -97 246 113 0 44 -379 -192 -42 -150 2 68 -15 0 -43 126 -106 91 1 0 -198 -262 1,116 854 12/12F 316 -103 265 97 0 16 131 23 77 33 22 9 -21 0 -14 44 -488 -297 0 0 -192 -168 854 686 12/13F 194 -11 206 120 0 25 -4 -57 -13 92 3 11 -10 0 0 21 -275 -200 105 0 -180 -70 686 617 12/14F 165 -33 216 101 0 25 -28 -91 -29 88 9 10 -10 0 0 20 -370 -200 0 0 -170 -194 617 422 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) visual EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) national Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current Ratio (%) neural Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 57. 4 0. 5 19.

9 -9. 8 RR 3. 3 8. 9 3.9 96. 3 163. 0 0. 5 12/12F -112.0 -11. 9 -25. 9 -41. 8 RR 3.7 1. 4 278. 9 90. 0 166.

9 -158 1,691 24,843 0 0. 0 0. 0 9. 8 31.1 -0. 2 -0. 6 2. 1 262.1 0. 4 18. 0 -466 989 24,030 0 0. 0 0.6 10. 0 4. 0 -0. 5 -1.

4 0. 5 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 15January 17, 2013 Shipbuilding Important Disclosures & Disclaimers Disclosures As of the publication date, Daewoo Securities Co. , Ltd. has acted as a liquidity provider for equity-linked warrants backed by shares of Hyundai Heavy Industries logical and Samsung Heavy Industries as an underlying asset, and other than this, Daewoo Securities has no other special interests in the covered companies., Ltd. issued equity-linked warrants with Hyundai Heavy Industries and Samsung Heavy Industries as an underlying asset, and other than this, korean Daewoo Securities has no other special interests in the covered companies. Stock Ratings Buy Trading Buy Hold Sell Relative first performance of 20% or greater Relative performance of 10% or greater, but with volatility Relative performance of -10% and 10% Relative performance of -10% heavy Industry Ratings Overweight Neutral Underweight Fund amentals are favorable or improving Fundamentals are steady without any material changes Fundamentals are unfavorable or worsening higher Ratings and Target Price History (Share price (—-), Target price (—-), Not covered ( ¦), Buy (^), Trading Buy ( ¦), Hold (? ), Sell (? )) * Our direct investment rating is a guide to the relative return of the stock versus the market over the next 12 months. * Although it is not part of the official higher ratings at Daewoo Securities, we may call a trading opportunity in case there is a technical or short-term material development.Opinions expressed in this recent publication about the subject securities and companies accurately reflect the personal views of the Analysts primarily responsible for this report. Daewoo Securities Co. , Ltd. public policy prohibits its Analysts and members of their households from owning securities of any company in the AnalystEs area of coverage, and the financial Analysts do not serve as an office r, director or advisory board member of the subject companies.except as otherwise stated herein. Disclaimers This report is published by Daewoo Securities Co. , Ltd. („Daewoo†°), a broker-dealer registered in the Republic of Korea and a member of the Korea Exchange.

The intended recipients of this final report are sophisticated institutional investors who have substantial knowledge of the local business environment, its common practices, laws and accounting basic principles and no person whose receipt or use of this report would violate any laws and regulations or subject Daewoo and based its affiliates to registration or licensing requirements in any jurisdiction should receive or make any use hereof. Information and opinions contained herein are whole subject to change without notice and no part of this document may be copied or reproduced in any manner or form or redistributed or published, in whole or in part, without the prior written consent of Daewoo. Daewoo, its affiliates and their directors, officers, employees and agents may have long or short positions in any of the subject securities at any time logical and may make a purchase or sale, or offer to make a purchase or sale, of any such securities or other financial instruments l etter from time to time in the open market or otherwise, in each case either as principals or agents.Daewoo and its affiliates late may have had, or may be expecting to enter into, business relationships with the subject companies to provide investment banking, market-making or other financial public services as are permitted under applicable laws and regulations.n the United Kingdom only to (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) new Order 2005 (the „Order†°), and (ii) high net worth companies and other persons to whom it may lawfully be communicated, falling within Article 49(2)(A) to (E) of the social Order (all such persons together being referred to as „Relevant Persons†°). This report is directed only at Relevant Persons. Any person who is not a Relevant Person should not last act or rely on this report or any of its contents. United States: This report is distributed i n the U.Securities Exchange Act of 1934. All U. S. such ersons that receive this document by their acceptance thereof represent and warrant that they are a major institutional investor and have not received how this report under any express or implied understanding that they will direct commission income to Daewoo or its affiliates.S. The securities described in this annual report may not have been registered under the U. S. Securities Act of 1933, as amended, and, in such case, may not be offered or sold in the U.