Analisys of demand and supply affecting Shell Oil Coursework

Analisys of demand and supply affecting Shell Oil - Coursework Example The effects of changes in the price and availability of gods and services, which serve as complements to oil have had a great impact on the demand for Shell’s products. A good is as a complement when a rise in its price results to a negative shift in the demand curve for the good of interest. The rise in the maintenance costs has placed tremendous pressure on the demand for oil and affecting the price for the company’s products. The price fall in shares for other industries that heavily rely on oil has had a great impact on demand for oil. The reduced profitability and price wars among companies such as Tesco, J Sainsbury, and Marks Spenser reduces the demand for Shell’s products. Increase in price of engineering tools used in processing and extraction of oil have had a negative impact on the demand for oil (Mason, 2011). Shell can increase the price for its products and services to cover higher overhead costs. A substitute good or service is as a substitute when an increase in its price results into a positive shift in the demand for good or service of interest (Cherunilam, 2007). The increase in the availability of alternative fuel sources such as solar energy has a negative impact on the demand for oil. ... The demand for Shell’s products is price sensitive (elastic) since a reduction in the price for Shell petrol will automatically result into an increase in demand. In the case of Shell’s products and services, the percentage change in demand is greater than the change in price. The effects of 2008 economic crisis have had negative impacts on the available income to most people in the UK and the rest of the world. This results into decreased availability of disposable income thereby lowering the demand for products and services (Kotler, 2006). An increase in the level of income can result in increased demand for Shell’s products as people start spending more on luxuries such as travelling longer distances using private cars. This will result into increased demand for fuel. Changes in the company’s operations can have remarkable impacts on the supply curve. The increase in cost of oil extraction due to the effects of economic recession is likely to lead to a shift in Shell’s supply curve. The cost of the refinery is a vital factor that causes a shift in the supply curve. The high cost of production has resulted into less supply and consequently fewer profits (Tanne & Raymond, 2010). The increase in the number of the company’s own retail outlets is playing a major role in increasing the company’s global presence. This results into positive shift in the supply curve. Market failures and imperfections An externality is an impact resulting because of an economic activity that affects unrelated third parties (Maidment, 2002). An example of an externality is the recent Shell’s oil spill in Niger Delta, which affected the surrounding environment and affected the health and economic life of the nearby residents. An externality can

Psychology of Color Essay Example for Free

Psychology of Color Essay The brain receives signals from three different color channels: red, blue, and green. When the brain receives a mix of these signals, we perceive colors that are mixtures of these three primary colors through a process called color addition (Think Quest â€Å"Color Psychology†). All colored visible light can be expressed as either mixtures or consistencies of red, blue, or green, which by perception between the eyes and the brain, produces the vast spectrum of color that exists to humans and other organisms alike. With the ability to alter our moods and bodily functions, color has more of an impact on us than we may realize. Each color produces different effects on humans, bringing about numerous physiological and psychological changes as unique as the color itself. Its presence everywhere in our daily lives makes these effects inevitable, no matter how unaware we are of them. Colors not only alter the state of our mind and body but can also reveal a lot about ourselves, including our personality, experiences, and ability to evoke memories. Colors can be categorized into two groups, warm colors and cool colors. Warm colors consist of any shade of red, orange, yellow, and pink. They can evoke emotions ranging from feelings of warmth and comfort to feelings of anger and hostility. Cool colors consist of greens, blues, and purples. Although they generally create a calming, soothing effect, they can also bring feelings of sadness or indifference (Kendra Cherry â€Å"Color Psychology: How Colors Impact Moods, Feelings, and Behaviors†). Although each of the colors within these two groups produces altercations somewhat similar to those of its group members, they create their own objective, one-of-a-kind effects on the human body and mind. Red is one of the three primary colors, as well as one of three different color channels the brain receives signals from. It represents blood, heat, passion, love, intensity, danger, and is often associated with Christmas and Valentine’s Day (Nicholson, Mary, Dr. â€Å"Colors and Moods†). Being a very stimulating color, whenever the sight of it is picked up and signaled to the brain, red activates the adrenal glands. Physiologically, red can increase heart rate, respiration, appetite, and blood pressure. It can also raise stamina and improve the functioning of the central nervous system (Kate Smith, â€Å"Color: Meaning, Symbolism, and Psychology†). The psychological effects of red include feelings of anger, vitality, and a sense of protection from fears and anxieties. Red can also increase enthusiasm, irritability, and sensuality. With its ability to dispel negative thoughts, it encourages confidence, action, and ambition (Think Quest). In a study by professor of psychology Andrew Elliot and researcher Daniela Niesta, it has been demonstrated that the color red makes men â€Å"feel more amorous towards women† (Science Daily â€Å"Red Enhances Men’s Attraction to Women, Psychological Study Reveals†). Even before the experiment, research provided both empirical and biological support to Elliot and Niesta’s claim. Empirically, red has been associated with romantic love and passions across cultures and the millennia. Biologically, they found faith in humans’ deep evolutionary roots to primates. Research has shown that â€Å"nonhuman male primates are particularly attracted to females displaying red. Female baboons and chimpanzees, for example, redden conspicuously when nearing ovulation, sending a clear sexual signal designed to attract males† (Science Daily). The study looked at men’s responses to photographs of women under various color presentations. In one experiment, subjects were shown a photograph of a woman framed by a border of red and either white, gray, green or blue. The men were then asked questions about how attractive they found the women to be. Another experiment consisted of two photos of the same woman in which the woman’s shirt was digitally colored either red or blue. Along with questions concerning attraction, they were also asked about their intentions about dating, such as â€Å"Imagine that you are going on a date with this person and have $100 in your wallet. How much money would you be willing to spend on your date? (Science Daily). The results of the experiment showed that under all conditions, the women wearing or framed by red were rated significantly higher in attractiveness and sexual desirability than the exact same woman shown with any other color. Those whose favorite color is red are typically outgoing, impulsive, aggressive, and restless in personality. Red is a color chosen by those who carry an open nature and a zest for life (Annie B. Bond, â€Å"Your Favorite Color: What it Says About You†). Orange is a color that commands much attention. It represents warmth, enthusiasm, exuberance, liveliness and is also associated with Thanksgiving and Halloween (Nicholson). Physiologically, orange can stimulate the sexual organs, benefit the digestive system, and strengthen the immune system. It incites activity, socialization, and due to its hate-it-or-love-it quality, it also sparks controversy (Smith). Psychologically, orange relieves feelings of self-pity, lack of self worth, and unwillingness to forgive. It can also open emotions, increase energy, and even serve as a perceptual antidepressant (Think Quest). Due to its association with arrogance, danger, and over-emotion, a survey proves that orange has been labeled as â€Å"America’s Least Favorite Color† (Laurie Pawlik-Kienlen â€Å"The Subconscious Psychology of Color†). People who prefer the color orange are often flamboyant, fun-loving, and enjoy living a social life. They can be somewhat histrionic and fickle, but are generally good-natured, agreeable, and popular (Bond). Yellow is an uplifting color that is most associated with optimism, intellectuality, enlightenment, happiness, and signs of a bright future. Yellow can increase alertness and decisiveness, encourage communication, and stimulate the muscles and lymph system. Yellow can also activate the brain, spark clear, creative and intelligent thoughts, encourage memory, and stimulate mental processes (Smith). In a psychological sense, yellow brings feelings of happiness and increases perceptiveness, self-confidence, and optimism. It aids in discernment, good judgment, organization, and understanding (Think Quest). However, a dull yellow can bring feelings of fear. Those who favor yellow generally tend to be adventurous, shrewd, and carry a strong sense of humor. They can often shun responsibility due to their freedom-loving personalities, but are usually clear and precise thinkers who have a good outlook on life (Bond). As one of the three color channels, green occupies more space in the spectrum visible to the human eye than most colors. Green represents nature, health, abundance, wealth, good luck, growth, peace, and clarity. Green can help acquire physical equilibrium and relaxation, and has been shown to be beneficial to the heart. It also relaxes muscles and induces slower, deeper breathing (Smith). Psychologically, green has a tranquilizing and balancing effect. It brings about comfort, laziness, relaxation, and harmony. It can also alleviate nervousness and anxiety, and offer a sense of renewal and self-control (Think Quest). Surveys show that Green is America’s second favorite color (Pawlik-Kienlen). It usually a color liked by those who are gentle, sincere, and reputable. However, their tendency to be too modest and patient can lead to their exploitation. They are generally community-minded people who prefer peace at any price (Bond). Blue is the last of the three color channels. It is closely associated with spirituality, melancholy, cleanliness, wisdom, sadness, trustworthiness, and commitment (Nicholson). Being at far ends of the color spectrum, the color blue has almost entirely opposite effects of the color red. Blue decreases appetite, breathing, heart rate and blood pressure. It also regulates sleep patterns, keeps bone marrow healthy, and stimulates the pituitary and thyroid glands and causes the production of calming chemicals. Blue brings feelings of calmness and relaxation. It can also eliminate insomnia, aid intuition, and increase mental clarity and control (Smith). However, an excessive amount of blue can be depressing and saddening (ThinkQuest). Surveys prove that the color blue, being the least gender specific, is labeled as â€Å"America’s Favorite Color† (Pawlik-Kienlen). People whose favorite color is blue are typically preserving, sensitive, and self-controlled. Even though they can be worriers who are often cautious, they are faithful and have steady character (Bond). Purple is the majestic color of mystery, creativity, unrest, and royalty (Nicholson). Being the mixture of red and blue, the effects of the color purple contain elements from those of both red and blue. Physiologically, purple can alleviate skin conditions; suppress hunger, balance metabolism, and calm the mind and nerves. It can also be perceived as an antiseptic and a narcotic (Smith). Psychologically, purple increases creativity, intuition, imagination, and sensitivity to beauty, high ideals, spirituality, and compassion. It can balance the mind, cleanse emotional disturbances, and combat states of shock and fear (Think Quest). Purple is the favorite color of adolescent girls. Those who prefer purple over all the other colors tend to be artistic, individualistic, fastidious, and witty. They can become aloof and sarcastic when misunderstood, but are generally unconventional, tolerant, and dignified (Bond). Pink is associated with youth, romance, free spirit, lightheartedness, love (Nicholson). Being a lighter tint of red, many aspects of red are evident in the color pink. Pink can stimulate energy and help muscles relax. Like red, it also increases blood pressure, respiration, heartbeat, and pulse rate. Pink offers feelings of calmness, protection, and a sense of nurture. It encourages action, reduces erratic behavior, and sparks a desire to be carefree (Smith). Embodying the gentler qualities of red, pink represents unaggressive sensuality and unselfish love. People whose favorite color is pink are often charming, maternal, and gentle. However, they tend to desire a sheltered life and require affection, â€Å"perhaps wanting to appear delicate and fragile† (Bond). Brown is an organic color that represents reliability, approachability, the natural world, and connections with the Earth (Nicholson). It provides a sense of orderliness, security, stability, and wholesomeness. It also conveys withholding emotion and feelings of retreating from the world (Smith). Those who like the color brown are generally steady, conservative, conscientious, and dependable. They may be tactless and inflexible, but they are responsible and kind (Bond). Black, white, and gray are not considered colors, but are shades. Although they elicit no physiological effects, they still bring about psychological changes. Black represents authority, power, emptiness, sophistication, silence, and death (Nicholson). It evokes strong emotions and sense of potential and possibility. Black produces feelings of passiveness, emptiness, and being inconspicuous (Smith). Those who like black want to give a mysterious appearance, which indicates a suggestion of hidden depths and inner longings (Bond). White represents purity, neutrality, and safety (Nicholson). It aids mental clarity, encourages the elimination of clutter, purifies thoughts and actions, enables fresh beginnings, and offers a feeling of freedom and openness (Smith). However, an overabundance of white can bring feelings of separation, coldness, and isolation. People who like white indicate a desire for perfection, simplicity, and a recapture of lost youth and freshness (Bond). Gray is the shade in-between black and white. It is associated with dignity, conservativeness, control, independence, and authority (Nicholson). Gray increases independence, self-reliance, evasion, non-commitment, and lack of involvement (Smith). It is unsettling and creates a sense of high expectations, separation, and loneliness. Those who like gray are hard-working and often search for composure and a steady life with few ups and downs (Bond). The effects and associations of a color vary from person to person subjectively. Changes in the general effect of a color depend on some one’s personality, experiences, culture, and memories. Through a subjective perspective of color, a negative association with a color could cause undesirable effects and stir distaste towards that color. For example, if you receive a heartbreaking letter sealed in a green envelope, green may now be your least favorite color due to a new subconscious association with heartbreak and sorrow. In Elliot and Niesta’s study on the relationship between attraction and the color red, they also concluded that â€Å"Although red enhances positive feelings in this study, earlier research suggests the meaning of a color depends on its context. For example, Elliot and others have shown that seeing red in competition situations, such as written examinations or sporting events, leads to worse performance† (Science Daily). In a study conducted by UC Berkley, researchers found that people’s color preferences were linked to their experiences. â€Å"To conduct their studies, the researchers had four different groups perform four different tasks rating their color preferences, recording the objects they associated with each color, rating how they felt about each object or matching an object to a color† (Rachel Banning-Lover â€Å"Study Links Color Preference to Experiences†). They found that color preference was highly shaped by experience. For example, one subject stated that their favorite color was pink, and then later admitted to having fond memories in her sister’s pink bedroom, which would produce a positive association with the color pink. The researchers also discovered a link between school spirit and color preferences. Those who attended Berkley generally preferred their own school colors, blue and gold, over red, Stanford’s school color. There has also been cross-cultural evidence that creates varying effects of color. â€Å"Cross-cultural differences can occur in two ways different cultures may have different objects that influence individuals perceptions of certain colors, or two cultures may have the same object but may associate different feelings with that object† (Banning-Lover). For example, somebody from France may feel energized around navy blue—although blues are typically calming—due to the widespread use of the color in their country. Personality is a big, if not the biggest, impact on somebody’s preference and perception of a color. In general, extroverts or those with energetic personalities are drawn to richer, warmer colors, while introverts or those with relaxed personalities prefer cooler, more subtle colors (Bond). Colors that are found in certain areas of our everyday lives have a reason for being there. Understanding the objective effects of colors, many places have used certain colors to subconsciously manipulate the public into feeling or acting a desirable way, most of the time without them even realizing it. Red is commonly used in restaurants, both fast food and sit-downs, due to its ability to increase the appetites of its customers and therefore increasing their likelihood of buying more food. Orange is the color of most traffic cones and construction signs. Used to grab drivers’ attention, orange increases their awareness to prevent accidents. Green lights are often used in forensics due to its ability to incite a confession from criminals more than any other color of light. With its strong connection with the Earth, green is also used to promote environmentalism. Blue is commonly used in hospitals to calm patients. Research also shows that people are more productive in blue rooms, for example, weightlifters are able to lift heavier weights in blue gyms (David Johnson â€Å"Color Psychology†). Pink is proven to reduce erratic behavior, and is therefore used in many prison holding cells (Think Quest). Due to its ability to tranquilize, sports teams sometimes paint the locker room of the opposing team pinks so their opponents will lose energy. White symbolizes neutrality and is used for truce flags. It is also worn by doctors and nurses to imply sterility (Johnson). The roots of studying the effects of color can be traced back to ancient cultures, such as the Chinese and Egyptians. They practiced â€Å"chromotherapy, or using colors to heal. † For example, â€Å"blue was believed to soothe illness and treat pain,† while â€Å"yellow was thought to stimulate the body† (Cherry). Just like color psychology received much skepticism in ancient times; it still receives much skepticism today. No matter how unaware we are of the physiological and psychological effects of color, there is no doubt that color has a huge impact on our lives, playing a role in moods, decisions, sensations, and much more.

Environmental Changes and Economic Growth Relationship

Environmental Changes and Economic Growth Relationship CHAPTER 1 INTRODUCTION 1.0 Background of the Study Over the past two decades, the issue of climate change due to increased global warming has been a major environmental challenge. Rising levels of carbon dioxide emissions is considered one of the principal causes of global warming and climatic instability. In order to investigate the climate change concern, this research examines the cointegration and causal relationship between economic growths and carbon dioxide (CO2) emissions in selected five Association of Southeast Asian Nations (ASEAN) countries for the period 1980 to 2010 namely Indonesia, Malaysia, Philippines, Singapore and Thailand. The research focus on the relationship of these two variables, from the increasing effects of energy on economic development. This research aims to discover the linkage of these two variables as emissions and economic growth are related in contributing the global warming or climate change. This issues has been discussed frequently and become a bigger concern globally. The Research specifically focus on ASEAN five, and not to all ASEAN countries as these five countries sharing the similarity in the level of economics development since 1980 that coincided with significant increase in fossil fuel usage. The pressure exists for ASEAN five to achieve a balanced level of energy that control the CO2 emissions to the environment but at the same time ensuring the country’s sustainable economic growth. Thus, the issue regarding how increased fossil fuel consumption and economic growth influence carbon dioxide emissions is currently one of the most interesting topic. Over the past two decades, the menace of climate change due to increased global warming has been a major environmental challenge. Rising levels of carbon dioxide emissions is considered one of the principal causes of global warming and climatic instability Association of Southeast Asian Nations (ASEAN) includes almost all of the Southeast Asian countries. Its key position in the Asian Pacific proclaims dedication toward peace and stability in the region, these Region contributed a significant economic input through integrated energy management. ASEAN was first officially established in 1967 in Bangkok, Thailand, with the signing of the Bangkok Declaration by the five original member nations: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Further on Brunei Darussalam, Vietnam, Lao People’s Republic, Burma/Myanmar, and Cambodia joined, making the ASEAN a group of 10. ASEAN region lies within the waters of the Pacific Ocean, Indian Ocean, Andaman Sea and South China Sea, and stretches more than 3,300 kilometres from north to south (latitudes 30 ° North to 11 ° South) and 5,600 kilometres from west to east (longitudes 92 ° West to 142 ° East). ASEAN borders from China to the north, India and Bangladesh to the northwest, and East Timor and Papua New Guinea to the southeast. ASEAN also has a long coastline, measuring about 173,000 kilometres in total, and is surrounded by major seas and gulfs such as the South China Sea, the Andaman Sea and the Gulf of Thailand. In view of its proximity to the equator, the region enjoys a warm and humid climate throughout the year according to Letchumanan (2008). In ASEAN from the period from 1980 to 1999, its economy grew by nearly 5 percent a year and energy consumption by 7.5 percent. The economy is expected to continue to grow at this rate over the period from 2000 to 2020, and it is estimated that annual energy supply must increase by 4.2 percent a year to sustain this growth, Balce et al. (2001). As Karki, Mann, Salehfar (2005) the Association of Southeast Asian Nations (ASEAN) is one of the most dynamic economic regions of the world. The economy in ASEAN is linked with its diverse energy resources, high-level urbanization, and rapid industrialization. ASEAN’s growing economy in the last two decades has increased the concern of sustainable development in the face of deteriorating energy security, environmental pollution, and economic hardship in energy investment. In the last two decades ASEAN’s faces a growing economy and it has increased the concern of sustainable development in the issues of deteriorating energy security, environmental pollution, and economic hardship in energy investment Karki et al. (2005). ASEAN-5, namely Malaysia, Indonesia, Singapore, Philippines and Thailand have progressed economically well compared to other members of ASEAN. Among the ASEAN countries (excluding Brunei), in terms of per capita income in 2008, Singapore (USD 39,991) ranked the highest followed by Malaysia (USD 8032), Thailand (USD 4103), Indonesia (USD 2245) and the Philippines (USD 1840). The average GDP growth of ASEAN-5 between 2004 and 2009 was 5.9% with Singapore and Indonesia recording over 5% growth rates. The rapid growth of the ASEAN-5, specifically for Singapore and Malaysia compared to the rest, poses an interesting question among policymakers. Thus, it is essential to investigate the long-run and short–run relationship and causality issues between the variables for these countries. Furthermore, according to ACE (2002) The ASEAN makes up one of the largest regional markets in the world, and contributing a combined gross domestic product (GDP) of US$578 billion in 2000.The region hosts approximately US$53 billion in direct US investment, and it is the third largest overseas market for US exports with two-way ASEAN–US trade totalling US$120 billion in 2001.The rapid economic growth for ASEAN can be seen since Hence, the environmental, social, and economic issues in the region are very significant and widespread for the rest of the world. 1.1 History of C02 Emissions in ASEAN ASEAN comprises of ten countries. These countries have contrasting energy demand profiles, levels of access to modern energy services, and energy resource endowments. The demand for energy in the region has continuously increased over the past four decades, driven essentially by high economic growth, underpinned by increased urbanisation and industrialisation. The development has resulted in increased greenhouse-gas emissions. A large proportion (approximately 60%) of these emissions have come from fossil-fuel combustion taken from WRI (2011). According to Sandu, Sharma, Vaiyavuth (2009) the historical development in CO2 emissions for the ASEAN countries over the period 1971 to 2009, show that: (1) population growth and increased levels of affluence are the largest contributors to emissions growth in most countries; (2) fossil fuels have increasingly become the major fuel source in the region despite recent global environmental pressures – reversing this trend will be a challenging task; (3) production structures for most countries have increasingly become concentrated towards energy-intensive industrial sector; (4) the region has achieved energy efficiency gains at both end-use and conversion levels – in fact this is the only factor that led to reduced emissions; and (5) the effect of changes in carbon intensity of primary energy was only negligible and no meaningful trend can be observed. As fossil fuel as a major CO2 contribution in the air, it is relevant to reinvestigate whether the CO2 emission have a causality effect to GDP and how these two variable react .My research will answer the direction interplay between CO2 and GDP. Notwithstanding the large growth in energy consumption, energy consumption per capita in the region (0.9 tonnes of oil equivalent), however it still considerably lower than the developed world average. Moreover, almost 30% of the population in the region still do not have access to electricity IEA (2009). With expected increases in population (by 30% by 2050; UN 2011), coupled with ever increasing urbanisation and industrialisation, energy demand is expected to increase substantially. Unless there are fundamental changes in the patterns of economic production and fuel-mix, the greenhouse-gas emissions are expected to became higher and grow significantly in the years to come. For example, according to IEA (2009), the region’s share of global emissions could reach 5% in 2030. Currently this share is around 3%. The implication of CO2 emissions comes in positive and negative manners respectively. One important detail to be considered is that the effect of this occurrence varies from one country to another depending on the level of social, economic as well as political developments. As such, it is important to analyse the history of CO2 emissions, according to specific country rather than assuming the impact as an overall. This section will discuss further the history of CO2 through the perspective of ASEAN countries. This current research focus on CO2 emission only because this emission is the most listed in the IPCC (revised in 1996) and most effect to climate changes according to world-nuclear (2014).Latest updates are 72% of the totally emitted greenhouse gases is carbon dioxide (CO2), 18% Methane and 9% Nitrous oxide (NOx). CO2 is inevitably created by burning fuels like e.g. oil, natural gas, diesel, organic-diesel, petrol, organic-petrol, ethanol. The emissions of CO2 have been gradual ly increased within the last 50 years and are still increasing by almost 3% each year. According to Luukkanen Kaivo-oja (2002) the general observation on the basis of decomposition analyses provided that development of energy sectors in ASEAN countries is to an increasing extent based on fossil energy use. Decomposition analyses is quantifying the contribution of each group of energy use to the aggregate index.This type of development is mainly due to the fact that the ASEAN countries are industrializing economies and are following the Western pattern of development. This summarize that each countries responsibilities and participate of the developing countries in emission reductions is central and for ASEAN countries economic constraints can deplete the environmental concerns. 1.1.1 History of CO2 in Malaysia Malaysia experienced a rapid economic growth from the past four decades. From the year of 1961 to 1997 (before financial crisis) Malaysia economic growth increased by an annual average growth rate of 7.26%.and from the year of 1999 to 2008 (before Asian financial crisis), Malaysia experienced 5.55% increase in its annual average growth rate. Malaysia are categorise as a high income developing country in South East Asia. From the statistics energy consumption in Malaysia increased by average annual growth rate of 6.76% in 2010 to settle at 72646 kilo tone of oil equivalent (ktoe) from 6093 ktoe in 1971 (World Bank, World Development Indicator). Chik, Rahim, Studies (2012) conclude that CO2 emission intensity in the energy sector, Electricity has contributed the highest CO2 emission, while in non-energy sector; Transportation has contributed the highest CO2 emission in 2005. Malaysia’s initiative to combat the environmental issue based on energy use is by limiting and minimize the new energy intensive sector but will promote the energy efficiency and high production industries. According to Saboori, Sulaiman, Mohd (2012) Malaysia has experienced rapid transformation from an agriculture based economy to industrialization, and a significant rise in pollutant emissions, specifically CO2 emissions. In 2007 CO2 emissions in Malaysia were at 7.32 metric tons per capita while the world average was only 4.63 tons. It is proven that real GDP per capita and per capita CO2 emissions move closely together over time, implying a long-run or cointegrating relationship between them, as such econometric testing has been applied in my research to evidence the existence of the relationship. Thus it is justifiable to investigate the cointegration and causality issues between these two variables. 1.1.2 History of CO2 emissions in the Philippines CO2 emissions started in Philippines is a archipelago located in Southeast Asia and as a country that is full of islands and a sensitive ecosystem, Philippines also no stranger to the effects of global warming. Slightly changes in the environment can give big environmental disasters in Philippines. In 1994, 10,603 ktons of CO2 were released Industry sector. A major fraction (86%) of the industrial CO2 emissions comes from the cement and metal industries .Those emissions comes directly from industrial processed associated with manufacturing cement and metals, and excluded the power generation activities of these industries which are already accounted for in the Energy sector. This is related to the combined effect of GHG emissions came from the four sectors of Energy, Industry, Agriculture, and Wastes, and the net uptake (sink) of from the greenhouse gas emissions. Globally, this national amount is still minimal relative to the CO2 emissions from other developed countries parties to the UNFCCC. The greenhouse gas emissions in the energy sector which is largely from CO2 come mainly from fuel combustion. From this sector alone emitted 50,038 kt tons of equivalent CO2 in 1994 by Bureau Resources (2004). Fabian (2009) reported that local air pollution problems and the impacts of climate change as well will continue to plague the Philippines unless a new program for land-use and transportation planning is implemented. In Philippines transportation sector plays a main role in economic development and cities are often cited as the â€Å"engines† of growth of a country. Recent estimates of CO2 and particulate (PM) emissions in the Philippines show that in 2008, emissions of CO2 totalled 30 million tons and 56 thousand tons of particulate matter. CO2emissions from the transport sector accounted for 38 per cent of the total from fuel combustion in 2000. If the business-as-usual scenario prevails, the number of motorized vehicles will become double before the year 2020. Indoor air pollution in ASEAN member countries caused by incomplete burning of biomass and coal while the people cook in traditional cook stoves. As much as 90% of the biomass is consumed in the household sector in Philippines as Bhattacharya, (2000). A study done by Bhattacharya (2000) shows that 29.1Mt of CO2 was emitted from biomass combustion, whereas 50.2Mt was emitted from fossil fuel combustion in the Philippines in 1995. The increasing high emissions from the cook stoves are due to low efficiency and high emission factors. The average efficiency of the most widely available cook stoves is about 16 percent, using charcoal as fuel. A typical cook stove used in Thailand has an efficiency around 14 percent and emission factors (g/kg of fuel used) of 26.4 CO, 1596 CO2, 10CH4, and 0.120 Nox Bhattacharya et al. (2002). The emissions are not only is the heat from the burning wasted, but because of poorly designed chimneys, the indoor air pollution is more severe 1.1.3 History of CO2 emissions in Singapor Kluver and Weber (2003) stated that Singapore, is an island country has existed since 1965, when it was separated from the newly formed Republic of Malaysia, as a result of a fear by Malays of Singapore’s dominant Chinese ethnic group as well as a strategy in order to keep communism at arm’s length. Singapore done very well in the past decades of the twentieth century to rise from an enter port centre to be a global city and finally become a developed nation country. It had resolved most of the issues relating to underdevelopment and had developed the needed institutions to prepare its survival in the twenty-first century. Tan, Lean, Khan (2014) indicate a significant rise in CO2 emissions as GDP rose. Another study on a possible turning point shows that continuous growth will be necessary for a long time before we experience any trickle-down effects on environmental pollution. The results of causality analysis conclude that CO2 emissions indeed have caused decline in Singapore’s growth. It is therefore argued that strict regulatory regimes on environmental protection in the city–state must remain in force. Tan, Lean, Khan (2014) indicate a significant rise in CO2 emissions as GDP rose over the years confirming a short-run trade-off between environment and growth. Furthermore according to Sam (2010) with the absence of any significant agricultural land or landfill sites, Singapore has no problems with methane gases. CO2 is the primary greenhouse gas emitted in the city state is produced by the use of fossil fuels in power generation. Singapore’s CO2 is produced by industry (54%), transportation (19%), buildings (16%) and consumer households (9%).CO2 emissions in Singapore rose from an average 5.26 million tonnes per capita between 1970s to 1980s to 10.29 million tonnes per capita in the mid-1990s, and stabilizing at an average of 10.19 million tonnes per capita for the period of 1995 to 2008. Comparing with total global emissions, CO2 emissions in Singapore accounted for less than 0.2% although Singapores contribution has increased from an average of 0.07% in the 1970s and 1980s to 0.17% in 1991 to 2008. For instance Singapore has been considered a high emitter of greenhouse gases. The Energy Information Administration (EIA), which provides energy statistics to the United States government, indicated in its 2006 data that Singapore emitted 141 million tonnes of CO2. The EIA ranked Singapore as the 33rd highest emitter of greenhouse gases among 215 countries. Bradshaw, Giam (2010) indicate that from the recent study ranks Singapore as the worst environmental offender among 179 countries in terms of proportional environmental impact. Singapores poor ranking is attributed to its drive for economic development and urbanization that has led to high proportional natural forest loss and greater release of CO2.

A Swot Analysis Of American Airline

A Swot Analysis Of American Airline Abstract The airline industry has always been and continues to be the most fiercely competitive business sector in all facets of its operations. Operating on paper thin margins the drop in passenger traffic brought on by the events of September 11th, 2001 have affected domestic United States airlines as well as all global carriers. The events of that day have caused governmental intervention in the form of loan guarantees, compensation for terrorist attack losses, as well as insurance related to war risk (Shane, 2003). The Associate deputy secretary of Transportation stated that the industry is in its à ¢Ã¢â€š ¬Ã‚ ¦worst financial crisisà ¢Ã¢â€š ¬Ã‚ ¦(Shane, 2003), since the industry was deregulated in 1978. It is important to understand that two differing types of airline carriers exist in the United States. The majors refer to airlines earning revenues in excess of $1 billion USD annually and generally they provide national as well as international service. These airlines cater to the bus iness class customer and passengers who either expect or desire full in flight services such as meals and related amenities. American Airlines, Delta Air Lines, United Air Lines, U.S. Airways, Continental Airlines and Northwest Airlines fit these designations (Mayer, 2002). The discount air carriers have changed the face of the airline industry with their no frills, low-cost airfares and have put pressure on the majors in terms of eroding their market share. The preceding battle between discount carriers has further exacerbated the majors thin operating margins and has resulted in Delta, Continental, Northwest, United and US Airways (Beck, 2005) filing for protection under Chapter 11 of the United States bankruptcy laws while they restructure and renegotiate union contracts and creditor agreements. United States Senate Commerce Committee Chairman John McCain has stated that the United States government should be à ¢Ã¢â€š ¬Ã‚ ¦reluctant to do anything that might keep inefficient businesses afloat (Shane, 2003). This is the climate in which the subject airline, American Airlines operates. Chapter 1 American Airlines PEST Analysis The utilization of a PEST analysis with regard to American Airlines takes into account the political, economic, social and technological (NetMBA, 2004) environment the industry is embroiled in and how this has, is and will threaten to impact its operations and profitability. It must be remembered that the number of possibilities concerning macro-environmental aspects is almost limitless, thus concentration will be paid to those areas perceived to have the highest impact. Political The political stability of the United States was severely shaken by the terrorist events of September 11, 2001, and this directly resulted in a catastrophic drop in business as well as personal air travel (Ito et al, 2003). The preceding along with the following areas have impacted negatively on earnings as well as profitability among the majors: Pricing regulations Wage legislation and union requirements Deregulation policies of 1978 Increased emphasis on national and airport security Economic The overall economic climate in the United States prior to the events of September 11, 2001 called for a mild recession and the airline industry was wrestling with discount carriers. The pre 9-11 airline climate forecast a slight contraction as a result of the reversionary climate which was dramatically impacted by the events of 9-11 and the resulting economic aftermath (Ito et al, 2003): Dramatic slowdown of the economic growth rate Increase in fuel costs Balance of trade accounts Inflationary and fluctuations of the dollars against the Euro, and Yen Social The emphasis on September 11th throughout these varied analysis is due to the sweeping impact that event had on global events in all theatres. The social implications thus shaped or amplified are as follows (Mayer, 2002): Increased layoffs impacting all income groups Sharp decrease in lower and middle class travel Decline in airline related vacations destinations Negative impact of air travel safety brought on by the events of 9-11 Decrease in general airline related travel plans by consumers Low-fare travel stigma attitude shift to an acceptable alternative Technological The Internets impact on business and consumer purchasing habits heralded in a new age of information exchange which changed the manner in which airline tickets are sold. Airline SABRE system Decrease in airline travel agencies Introduction of Internet airline ticket reservations and ticketing Entry of Travelocity, Orbitz, Cheaptickets, Expedia and other best price shopping services The availability of the Internet as a consumer and business fare and flight shopping tool Porters Five Forces Michael Porters Five Forces model (QuickMBA, 2005) provides a framework to view the airline industry from the perspective of five forces that influence it: Rivalry American ranks as the worlds largest airline in terms of passengers carried, however is rated number 11th in terms of overall airline quality (Holderbach, 2004). Low-fare airlines garnered three of the top four spots in airline quality ratings, 1. Jet Blue, 2. Alaska, 3. Southwest, 4. America West. All but Alaska Airlines are low fare carriers. The remaining airlines are 5. US Airways, 6. Northwest, 7. Continental, 8. AirTran, 9. United, 10. ATA, 11. American, 12. Delta, 13. American Eagle and 14 Atlantic Southeast (Holderbach, 2004). Some of the more important facets within this category of the Five Forces model are: slow market growth since 9-11 high fixed operating costs low relative levels of product differentiation among the majors inroads of the low-fare carriers in the changing perception of air travel shake out of the industry since 9-11 in terms of bankruptcies and failures Threat of Substitutes Within Porters model substitute services come into play when demand exceeds supply, or vice versa. In the airline industry the excess supply has been attacked by low-fare carriers who have continually gained market share. Buyer Power The airline industry suffers from oversupply as well as fixed costs which served as the foundation for low fare carriers who offer no frill flights in return for discounted fares. This approach effectively pulled the casual traveler and spread to frequent travelers and some classes of business travel for companies seeking to cut costs. Buyer demand is re-shaping the airline industry as a result of these options. Supplier Power In terms of this category, fuel is the single largest airline cost expenditure item which affects all firms equally. Low Fare carriers by eliminating frills lower their per flight operating costs which have and is attracting scores of travelers to their fold. Barriers to Entry / Threat of Entry Traditionally, the high cost of entry in the airline industry reduced the treat of entry by competitive companies. However the business model offered by low fare carriers exploited the lower end segment of the market via price and provided a foundation for the entry of Southwest, Jet Blue, America West and others (Ito et al, 2003). SWOT Analysis The strengths, weaknesses, opportunities or threats internal to a company represent the strategic environment known as a SWOT analysis (QuickMBA, 2004). Strengths Some of the advantages that American Airlines has in comparison to its competitors are (American Airlines, 2005): Recognizable brand name Largest global airline in terms of passenger traffic National and International routes serving all corners of the globe Perception as a major carrier with the commensurate levels of service Weaknesses internal flight amenities draining profits inability to compete with low fare carriers on price lack of competitive pricing to attract casual traveler base vulnerability to pricing Opportunities (American Airlines, 2005). code sharing agreements with domestic and international airlines SABRE ticketing system Presence at most airports American Eagle regional routes Lucrative route structure Threats thin operating margins favoring low fare carriers public acceptance of low fare carrier concept customer quality perception of low fare carriers that exceeds the majors prolonged slow economy favors low fare carrier pricing structure segmentation of the industry into business and discount carrier classifications high fuel prices government intervention Chapter 2 Conclusion The intense competition in the airline industry along with thin operating margins and fuel costs along with other expenditures existed before the dramatic events of September 11th. The strengths of American Airlines in being the worlds largest airline provides it with a huge customer base that is familiar with the airline. This represents the core of all marketing, customer retention as well as the foundation to attract new customer trial. Customer retention and utilization represent the primary advantage that American Airlines enjoys and needs to utilize to protect its position as well as build upon. The American Eagle division provides the company with an additional customer convenience marketing tool via intra city (regional) destination traffic. In order to accomplish the preceding objective the company must increase its quality of service from its current 11th position to increase customer satisfaction. The 50/50 mix of business and leisure travelers that comprise its customer b ase has remained relatively constant and business class travelers contribute heavily to profits as a result of the higher fares paid for first class and business class seating (American Airlines, 2005). Utilization of target marketing with concentration on the frequent flier base represents Americans primary advantage to capitalize upon since is does not compete in a low fare platform. Tightened restrictions on fares has closed a lot of the gap, thus consumer perceptions in the higher income categories represent a huge customer base for American to capitalize on in stealing customers from the other majors as a primary strategy and eroding the fringe low fare customer base as a secondary target market. Technology in terms of software advances along with code sharing, peaking and Americans route and connection structures offer convenience. Increased international travel also helps the company as a result of its global routes and destinations. Americans size, reach, reputation, fleet and presence at over 154 airports reinforces the preceding (American Airlines, 2005). The companys corporate vision states its objectives are to: set industry standard for safety and security, provide superior customer service, produce returns for stakeholders and shareholders by increasing business and thus revenue opportunities for vendors and allied firms further solidify the brand name and image as a premier carrier increase creative ticketing, promotions, vacation packages and associated areas to distance the company from low fare carriers and thus minimize their effects, capitalize upon inherent advantages As the worlds largest carrier American Airlines business and leisure base provides the customer foundation to enable it to compete successfully against other majors as well as differentiate itself from low fare carriers. This ability to be the choice in the full flight service category along with the number of airports, seamless domestic and international route structure that enable it to offer direct service to the most destinations via its own branded airline represents a key convenience and thus marketing factor to garner success in this highly competitive environment.

Why did the Weimar Republic fail? :: World War II History

Why did the Weimar republic fail? After World War One ended and Germany was defeated, they returned to their country with heavy losses, a 6.6 billion pound reparation cost and a feeling of being let down. The country suffered huge economical losses and the country fell into poverty and starvation. Any government ruling a country like this already would have a very hard time keeping alive. At this point the Emergency Weimar Republic constitution was adopted by three parties, the Social Democratic Party, the Catholic Center and the German Democratic Party, in early 1919 they won 76 percent of the vote and began to govern Germany. The Weimar Republic was modelled around the imperial constitution and was written in Weimar. People had to blame someone and they blamed the republic for everything, for loosing the war, to the situation they were in now. One of the main reasons the Weimar republic fell from power was the treaty of Versailles, the German people thought all the bad things that had happened to them and their cou ntry were a result of it. In addition to this there were parties from the left and right challenging them. A bi product of the treaty of Versailles was the huge economic lose in their country; this gave the German people more reason to blame and loathe the Weimar republic. The third and final main reason was Hitler's raise to power, he offered the countries people freedom from the Weimar rule and they gradually accepted it. After world war one ended and the treaty of Versailles was signed, German troops returned home feeling angry. They felt that there was no need to call an end to the war, as it didn't seem as though they had the lower hand and Germany had not been invaded. They were bitter because they couldn't fight on and knew it had all been for nothing and they hadn't gained anything. In fact they lost a lot; during the peace conference they were forced to, most importantly; redefine their Western borders and give over a lot of land (13%), pay for damages amounting to $33 billion us dollars, hugely diminish their army and navy and destroy their air-force, donate some of their coal mines (26%) to France as compensation for destroying theirs and accept full responsibility for the war. The German people found the treaty hugely unfair and unjust.

Murray Shisgals The Typists :: essays research papers

The play by Murray Shisgal, The Typists, is about two people who work during their lifetime at a firm, typing the addresses of prospective customers. Through their speeches we see that the play talks about hopelessness, routine and fear of change. Most of the character’s motives are explained through the Freudian concept of superego, or, in other words, the part of people’s psique which is related to discipline, judgment of the society, guilt, pride, self-discipline and self- punishment. In this paper, I’ll make an attempt to illustrate these themes in the play.   Ã‚  Ã‚  Ã‚  Ã‚  Hopelessness is seen through the setting. At the rear of the stage there is a window and through it the sun streams â€Å"as the play progresses it fades imperceptibly until, at the end, the room is almost in complete darkness.† Apart from the obvious reason, which would be the course of a day, the sun, here, is a symbol of glory, success and faith. We can interpret it by saying that at the beginning of the play, when Paul and Sylvia are still young, â€Å"at twenty-odd years of age†, they still have hopes of a better future. It is shown through Paul’s ambition of working and studying law to guarantee a better living, and Sylvia’s intentions of marrying and abandoning her family. As the time goes we notice only disappointments and attempts to change their lives. These attempts are not successful as they are hopeless, shown by their fear to abandon the firm and conquer a better job. Working in that office is for them the only way of livi ng.   Ã‚  Ã‚  Ã‚  Ã‚  Another theme that appears in the play is the routine. Samuel Beckett’s Waiting for Godot explores the same theme. Habit is something that makes us feel secure. It is a guarantee that we will be alive the next day as the present has a succession, which is to wake up next morning and do everything again. Since Paul starts working in the office, Sylvia passes to him her routine. Nothing can be alternated. She tells him: â€Å"strike each key with the same steady rhythm (†¦) don’t move your head, keep your eyes on the material you’re typing†. The steady rhythm to strike the keys, the expressions â€Å"don’t move† and â€Å"keep† refer to lack of alternation and it means routine. Not only this, when Paul suggests to break Sylvia’s habit of having lunch always at 1p.m. and have it at 1:30p.

History of Private Security

History of Private Security Cortez Jefferies Introduction to Security: Operations and Management Gayle Fisher-Stewart University Of Maryland University College 23 October 2011 Private security industry in the United States can be traced as far back as the mid nineteenth century, where they were primarily used to help fill the gaps created by public police forces in major cities that were just forming. Over the years the role of private security has changed, from its simplest form of protecting people, property, and information to a more complex form, of individuals and businesses that provide, for a fee, services to clientele to protect their persons, their private property, or their interests from various hazards. Early in its existence training for private security was non-existent or inadequate at best, over the years training has evolved and with that evolution came strict standards and guidelines. Unlike in Europe, where public law enforcement emerged out of private security, in the United States private security emerged out of public law enforcement. Europeans brought many of the methods they used to protect people and property with them when they immigrated to the United States in the late seventeenth and early eighteenth centuries. The positions of constable, watchman, and sheriff were borrowed from the English and were used to establish the first system of public law enforcement in the United States. As rapid growth occurred in the West throughout the early 1800s, it became clear that constables and watchmen weren't going to be able to provide the expansive services necessary to protect people and their property (Stone, 2002). It wasn't until the late 1700s that municipal police agencies were implemented in major American cities. Established in 1844, the New York City police department provided twenty- four-hour police protection to its citizens. Thirty years later, most large cities had a similar system of public law enforcement; yet this system was not enough to keep pace with the rapidly growing American society (Stone, 2002). One of the first private security agencies to come into existence was Pinkerton's North West Police Agency in 1855. The agency offered private watchmen services for rail yards and industrial complexes. In 1859, Perry Brink started Brink's Inc. as a freight and package delivery service. A few decades later, Brinks Inc. evolved into the country's first armored car and courier service. By the early 1900s, numerous former federal agents and detectives had opened up their own private security companies to include the first burglar alarm service (Maine, 2011). Between 1929 and 1939, private security employment declined as a result of the Great Depression but rebounded between 1940 and 1945, due to the need to protect the United States infrastructure and military and industrial facilities during World War II, the use of private security increased. After World War II, private security once again began to grow, due to many returning veterans, with military police experience selecting police work and private security as occupations (Ortmeier, 2009). In 1955, a group of security professionals formed the American Society for Industrial Security (ASIS). Today, ASIS International’s membership exceeds 37,000, making it the preeminent organization for security professionals (American Society for Industrial Security [ASIS], 2011). Private security is a fast-growing industry. The Department of Labor predicts a healthy double-digit growth rate through 2016. Statistics on the number of individuals involved in this market are difficult to ascertain because of an extremely high turnover rate and because the term â€Å"security worker† admits of different interpretations. However, there are some credible approximations (Maine, 2011). The U. S. Department of Labor estimated the number of private security workers in 2007 at slightly over one million-about twice the number of police officers in the United States. Private security agencies themselves are often quite large. The largest security firm operating in the United states is Securitas, whose employees number more than 125,000 worldwide and whose revenues exceeded $7 billion in 2002. Human-Rights First estimate that there are almost 180,000 security workers in Iraq alone (Maine, 2011). The median wage for security workers in the United states is $10. 85 per hour ($22,570 per year), this might account in part for the high turnover rate. Salary seems to be proportional to risk. Blackwater security employees are alleged to have earned close to $1000 per day to guard U. S ambassador to Iraq Paul Bremer (Maine, 2011). Although training for the private security sector has come a long way over the years. Many of the personnel working as private security agents and guards are inadequately screened, trained, and supervised to ensure effective police work. Due to these reasons, there has been a big push for improvements in the quality of private security training. Private security organizations are being encouraged to pursue accreditations for the company as well as its employees. Private security organizations are being required to carry general liability insurance or that security personnel be bonded following a minimum level of training and certification, with the amount of training and size of bonding dependent on the degree of risk associated with the nature of the job (Forst, 2002) . Virginia Security officers are required to be licensed by DCJS (Department of Criminal Justice Services). To be licensed as an unarmed security officer one must go through 18 hours of classroom training from a licensed instructor in order to obtain this card and it must be done by the end of their 90 days after hire with a Security company. Every two years the card must be renewed, by completing an in-service with a licensed instructor. To be licensed as an armed security officer one must complete an additional 16 hours of firearms training, 6 hours of training n conducting a lawful arrest, and qualification with the type and caliber of weapon they intend to carry. Firearms endorsements must be renewed annually by completing an in-service and passing a firearms qualification. Licensed armed security officers are authorized under state code to arrest for any offense committed in their presence while they are on duty at the location they are hired to protect. They may also be granted t he authority by the chief law enforcement officer in their jurisdiction to issue summons to appear in court for felonies and misdemeanors. As the security field diversified in the 1980s and became more responsive to the needs of business, a management model quickly began to dominate how security was perceived and what its functions would be. Security practitioners and innovative business managers began to view the functions of security as an essential component of business. As a result, security departments were incorporated into the organizational culture of many companies, and security managers were hired to oversee the security department and work collaboratively with other department managers. Security managers began to be perceived as professionals in their field, and this helped to enhance the image of security personnel, giving them greater credibility with their colleagues and the public (Stone, 2002). Given this long and varied history, it is not surprising that private security continues to undergo significant changes in its form and function. Still, agreement among academicians and practitioners about what its form and function should be remains elusive. References Stone, Mischelle Taylor. (2002). Private Security. Encyclopedia of Crime and Punishment. Retrieved October 23, 2011, from http://sage-ereference. com. ezproxy. umuc. edu/view/crimepunishment/n327 Forst, Brian. (2002). Police Privatization. Encyclopedia of Crime and Punishment. Retrieved October 23, 2011, from http://sage-ereference. com. ezproxy. umuc. edu/view/crimepunishment/n307 Ortmeier, P. J. (2011). Introduction to Security: Operations and Management (3rd ed. ). Upper Saddle River, NJ: Prentice Hall. Maine, E. W. (2011, March 6). Private Security Industry. American Business Organization. Retrieved from http://maerican-business. org/