Myth and Reality of Co-Parenting free essay sample

One thing that almost everybody will have to deal with at least once in their lifetime is parenting. In parenting, both parents are needed to make the job easier on themselves, their marriage and their child. In the essay The Myth of Co-Parenting: How It Was Supposed to Be. How It Was. by Hope Edelman, Edelman tells her experience with co-parenting. Edelman, along with many women, initially believed that co-parenting was possible. She soon figured out, however, that it was not a realistic goal. Some points that Edelman hits in the essay are the gender roles and societal expectations in parenting, being the nurturer versus being the provider, and how poor communication can ruin co-parenting. A major point that Edelman brings up in her writing are gender roles in parenting and what society expects each to do as a parent. Edelman says that coming into her parenthood she thought that if she contributed half of the families’ income, then her husband would contribute half of the housework and child caring (Edelman 284). We will write a custom essay sample on Myth and Reality of Co-Parenting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page She says that she did not want to be the dominant parent in the house and wanted more of a â€Å"shared responsibility† instead of one parent doing all of the care-taking and household duties (Edelman 284). She also talks about her parents’ relationship and parenting when her and her siblings were young. She says that her mother always seemed to do everything around the house, while her father only went to work, came home and sat around (Edelman 284). Her father did provide the families’ income; however, Edelman believes her father should’ve done a little more to help around the house (Edelman 285). Edelman also says that whenever her mother passed away the household duties never were done how they used to be and the house was just different (Edelman 285). After seeing this Edelman told herself that she didn’t want the same relationship her parents had (Edelman 285). Edelman says later that women start with huge expectations for sharing the job of parenting but almost always end up doing the majority of parental duties, which is common in society still today (Edelman 285). Another point that Edelman touches on, is the concept of being the nurturer versus being the provider of the family. This topic really ties into the previous point of gender roles and societal expectations, in that society expects the father to be the provider while the mother is generally looked at as a nurturer. Edelman’s story of her parents and the roles they played as parents when she was young attests to this statement. Although Edelman wanted so badly to achieve her aspirations of co-parenting, with the hours that her husband John worked, however, it was nearly impossible. Soon Edelman accepted the role of nurturer while John was the provider until his company was off the ground and stabilized (Edelman 289). A final point that Edelman touches on is how poor communication made things much more difficult to achieve successful co-parenting. Edelman says that her husband was hardly ever at home, and that one week he logged unofficially ninety-two hours of work (Edelman 283). The way Edelman puts it is that, â€Å"There was no time together for anything other than the most pragmatic exchanges† (Edelman 286). She said that when her husband got home from work the first thing she did was jump up with something to approve, sign, or examine (Edelman 286). This compacted conversation Hope and John were having on a nightly basis was not healthy for them at all. Edelman says that she was mostly mad at John because he never said exactly what was involved when starting his own company (Edelman 287). This anger translated into regret for Hope, saying that she would have never seen herself picking up that much household slack before her and John were married (Edelman 287). This lack of communication kept snowballing until they just stopped arguing in front of each other, and instead started taking small jabs at each other that started to add up after a while (Edelman 287). The jabs included things like buying their daughter something the other didn’t want them to have, or not doing a task the other one asked them to do, small things that added on and after a while (Edelman 288). Eventually, however, John’s company stabilized and with that came fewer hours John needed to work, and with that came the stability of their household and marriage (Edelman 289). Edelman says that it has taken a lot for her to give up her dream of co-parenting, but that she has learned to live with the imbalance and inequality of duties in their household (Edelman 289). Edelman makes some great points throughout her essay and while I do agree with most of them, I disagree with her stance on gender roles. Edelman says that she wanted to achieve a â€Å"shared responsibility† in her household, that way the husband and wife would do the same amount of household duties while keeping their full time jobs. I disagree with her view of this; I believe that if the husband is the one working extended hours during a week, trying to provide for his family, then the wife shouldn’t feel angered or annoyed at having to pick up the extra slack around the house. The wife is generally the one in the household who is known for being the care-taker, the cleaner, the cook, etc. The husband is generally looked at as the provider for the family, the head of the household, the authority figure, and it has always been that way. I understand there are circumstances where the husband can’t find work, or they get let go and the wife has to help out. In that case, while the husband was home and the wife at work, the husband should help out around the house and pick up the motherly responsibilities. What I am trying to say is that it really doesn’t matter who does exactly what in parenting, as long as the child is taken care of, the bills are paid, and everyone is happy, then each parent has done their responsibility. The second point that Edelman hits on is the nurturer and provider topic. This topic really goes hand-in-hand with what was previously stated because society generally sees your role as a parent before you even have a child. They see the mother as the nurturer and the father as the provider. I agree with society on this topic and disagree with Edelman, who says that there should be an even distribution of the two. Like what was stated earlier I believe that the father should do his job of working to provide for the well-being of his family, while the mother raises her children and takes care of the household. The final point that is made in Edelman’s essay is that poor communication made things more difficult than they were, and that good communication would’ve probably helped. She says that John was out of the house so much that they only talked to each other for a few minutes each night and that it eventually got to the point that they didn’t even have time to argue with each other. This is a serious lack of good communication and it is toxic to a relationship. I believe that the most successful relationships are those that the spouses can communicate openly and easily with one another. I agree with Edelman that their poor communication hurt their relationship, as it does to any relationship, but it can be fixed over time as it was in John and Hope’s case. Edelman’s essay is a classic example of someone having high expectations, the expectations getting brought down to reality, and then the person having to cope with the reality now. She was living under a false assumption that co-parenting would be easily reached and maintained. When she realized it wasn’t going to work out she then tried to force it more, before finally giving in and living with the imbalance. She has found something more important than attaining a goal of co-parenting, or her husband John getting rich, she has found that her child’s happiness and raising her daughter no matter what is most important. I strongly believe that no matter what obstacles parents face, they should put their child’s happiness before anything. Parenting is not always easy, as you see here in Edelman’s essay. There are many different ways to parent a child, however; however one thing shouldn’t be different. No child has the right to not be happy and the parents should do everything to make sure that they are happy.

Delia’s life Essays

Delia’s life Essays Delia’s life Essay Delia’s life Essay In the story â€Å"Trifle,† the way the setting was depicted by the author helps the audience understand how sad the main character is. The setting also helps the audience to understand why Mrs. Wright was fond of her bird as the bird gave her life and happiness. In the play, Mrs. Hale said: â€Å"come to think of it, she was kind of like a bird herself-real sweet and pretty, but kind of timid and-fluttery† (Glaspell). Mrs. Wright’s cheerfulness, beauty, and carefree spirit back then were metaphorically compared to a bird. â€Å"She used to wear pretty clothes and be lively, when she was Minnie Foster, one of the town girls singing in the choir,† said Mrs. Hale (Glaspel). In that remark, Mrs. Hale compared Mrs. Wright’s colorful clothes to the bird’s pretty feathers. Mrs. Wright also sang in the choir just like the birds singing in groups. However, after her marriage to Mr. Wright, she started to withdraw from her previous energetic activities maybe because she was possibly oppressed by her husband. The bird cage also symbolizes the secluded life of Minnie or Mrs. Wright. She started to live in isolation with her husband and farmland when she got married. She rarely went out and indulged herself in outdoor activities. The preserved fruit, nicely designed sewing box, and empty bird cage also mirror Mrs. Wright’s domestic and creative character. Most importantly, they were especially helpful to Mrs. Hale and Mrs. Peters in tracing the truth behind the murder case. The sewing box, which revealed Mrs. Wright’s unfinished quilt, suggested that she was a creative person and helped the audience understand why she was capable of such crafty and detailed murder. The short story â€Å"Sweat† on the other hand speaks about the uncivil and unequal treatment of women especially in their marriages. Just like Minnie Wright, Delia Jones, the main protagonist of this story, survives years of her husband’s cruel physical and psychological treatment not just to her but on their community as a whole. Women during those times were expected to please their husbands, to do domestic works and to be obedient. Women could nothing to change their destinies towards the social constructed roles since they have very little opportunities in politics and social activities. Delia Jones was intertwined with two kinds of inequalities and discrimination: her role as a woman and the apparent discrimination towards her as a black woman. She was doing a domestic role not just for her family but for the whole community. Her work includes doing a laundry for the white people since at this time there were relatively no job opportunities for women, especially if they were black. Her husband on the other hand refused to work with her, very insensitive and unsympathetic to her needs. Looka heah, Sykes, you done gone too fur. Ah been married to you fur fifteen years and Ah been takin in washin for fifteen years. Sweat sweat, sweat! Work and sweat, cry and sweat, pray and sweat! Her life was a never ending work and abuse not just with her husband but with the community as well. Even though the community was perfectly aware of the beatings, verbal and psychological abuses Delia was experiencing, they remained quiet believing that what happened between a husband and wife was personal so no one had the right to help that time during those days. Moreover, her husband publicly commits constant infidelities and no matter how devastating and painful it was to Delia, she can not file for a divorce. Divorce at that time was hard to obtain especially to a poor woman like her. Fortunately Sykes was killed by a rattlesnake when his cruel joke abruptly turns on him. This started the turning point in Delia’s life. The death of her husband became a significant way to get out of the trap towards oppression and abuses. Even though Delia was constantly put down and made to feel less than human by her husband and the community around her, but her spirit and sense of self was never completely smothered. While Minnie Wright counteract with the abuses she experienced with her husband in a negative way; killing the oppressor. Their point of comparison is that they are exactly opposite. Delia was being dominated by the good side of her human nature while Minnie Wright was dominated by the evil tendencies of human. The common feature of the two plays or stories is that both describe the nature of women. The women’s traits can be an advantage and disadvantage. Both stories were written in the early 1900’s where male dominates the civilization. Hence, the plays depict the conventional and traditional domestic nature of women and the different possibilities of how women will respond to it.

Idioms and Expressions - Come

Idioms and Expressions - Come The following idioms and expressions use the verb come. Each idiom or expression has a definition and two example sentences to help understanding of these common idiomatic expressions with come. You can also learn idioms in context with these stories, or learn further expressions with these idiom resources on the site.   Come apart at the seams completely lose emotional control Theres no need to come apart at the seams. Things will get better.On hearing of the death of his friend, Peter came apart at the seams. Come away empty-handed return from a meeting, situation or other event without any gain We came away empty-handed from the negotiations.The competition was so intense that our company came away empty-handed. Come by something travel by means of some vehicle We came by train.Did you come by plane or by car? Come down in the world lose financial or social prestige and position Im afraid Tom has come down in the world. Lifes been pretty hard for him lately.I think youre taking too much risk. You might come down in the world. Come full circle return to an original state At first life was very difficult for Jane. However, things eventually came full circle and she returned to power.Looks like things have come full circle! How does it feel? Come in out of the rain start paying attention to a situation If he doesnt come in out of the rain, things will get out of control.Alex, come in out of the rain! Open your eyes to what is happening! Come into ones own begin having success and satisfaction in life Since he was appointed to vice-president, hes really come into his own.Keep working hard. One day youll come into your own. Come of age reach maturity required to do something such as marry, drink, vote, etc. You can have a beer once you come of age.When this generation comes of age, theyll be more ecologically alert. Come out ahead to be in a position of profit, or advantage after an event It was difficult, but in the end we came out ahead.Yes, higher education is expensive. However, in the end, youll come out ahead. Come to a bad end end in disaster Im afraid Jack has come to a bad end.If you dont change your behavior, youll come to a bad end. Come to a dead end arrive at an impasse in a situation, not be able to move forward Well have to rethink everything. Weve come to absolute dead end.They changed strategies once they came to a dead end. Come to a head reach a point of crisis when action is called for Things are coming to a head, we have to make a decision.I think everything will come to a head next month. Come to an untimely end die before your time His crazy driving brought him to an untimely end.She came to an untimely end last year. Come to a standstill not able to make any progress forward Can you help me? Ive come to a standstill on this project.We came to a standstill and had to rethink everything. Come to grips with something deal with something difficult Ill have to come to grips with this problem if I want to succeed.I think you first need to come to grips with his complaints before you move forward. Come to light become known A number of facts have come to light which change everything.A new solution has come to light. Come to ones senses begin thinking clearly about a situation Alan, come to your senses! Its not going to happen.She finally came to her senses and left her husband. Come to pass to occur Everything I had predicted came to pass.The prophecy has come to pass. Come true Become real Hard work and patience can help make your dreams come true.Did his plans come true?

Eingemauert walled in (Germany's inner border) Essay

Eingemauert walled in (Germany's inner border) - Essay Example The city of Berlin became a strange sort of island within the Eastern portion. One half of the city continued with western capitalist shops and businesses, while the other half developed under the more repressive communist regime. Citizens and visitors could not cross over from one side to the other without extensive border checks, and most Berlin families were suddenly divided by this physical barrier. Many East Germans tried to break through the alarmed fences, which were guarded by troops in watch towers. More than a hundred people were killed in these attempts, because the guards operated a shoot-to-kill policy. The ugly wall, with its defensive mines and barbed wire became known as â€Å"the death strip.† The purpose of this wall was to keep East Germans inside the communist area and to prevent them from escaping to the wealthier and freer society in the West. In 1989 the wall was finally destroyed, when communism failed, and ever since then Germany has been reunited. The wall survives today only in a few symbolic places as a reminder of the recent

Small Business Case Study Example | Topics and Well Written Essays - 2500 words

Small Business - Case Study Example With the impetus given by the government on creating infrastructure, not only for the local population, but for the perceived needs of the tourists, I had a feeling the tourism industry would pick up in a great way in our region. There have been fast food joints operating in our area for quite sometime, but these predominantly serve American food. There were one or two eateries serving local food, but the service was not upto the mark. The need of the hour was to open a restaurant which could cater to an international clientele , and yet allow them to experiment with the local cuisine, if they felt like. Yes, I had made up my mind to exploit this potential and open a budget restaurant,which could cater to the growing number of tourists, who wanted to have cuisines from all over the world and were willing to experiment the local flavours too. Location plays a very important role in determining the success or failure of a business venture, especially a small business venture, like an eatery. The business and revenues would most certainly depend on the number of persons visiting this outlet. So, I had to make sure that it was in the heart of the city or such appropriate place , where tourists would flock for a good bargain. Luckily, an existing eatery was on sale, very close to the city center and I finalized on it. It had only one floor built, so, I could add some more floors, in case my venture was successful. Finance/Credit The cost of the building with the existing unit was 5000. Mobilizing such a huge amount was a nightmare. Somehow, I was able to mortgage my house and apply for a loan from the Bank of . My papers were cleared and I had been sanctioned and amount of 3000 from the bank, to be repaid over a period of ten years. I was able to arrange the rest of the amount as loans from friends and relatives. Next I had to think about the workers, their salaries, cost of renovations etc. Workers We decided to start with a minimum number of workers. The family members would have to pitch in as and when they had a chance. My wife and I would take care of the restaurant in the day and my college-going son was asked to help in the evenings, as the rush would be too much for the two of us to handle. So, we needed minimum help in the form of 1. cook-1 2. servers/helpers-2 Apportioning a salary of 100 for the cook, and 50 each for the servers, we would have the rest of the profits. The cost of raw materials had to be factored in, which would work out to 100 during lean days and any where from 200-300 during the tourist season. Marketing Investing a reasonable amount in marketing and creating consumer awareness has its own benefits for any business. We set aside a sum of 500 fro placing advertisements in in-flight magazines, and pamphlets to be distributed at tourist spots. Once people starting visiting us, our reputation would depend more on the word of mouth. We had to be very careful in treating each customer and paying individual attention. Our place had to be spanking clean and

Trading in Hong Kong Essay Example for Free

Trading in Hong Kong Essay Great business dealings take into consideration the intricacies of the culture into which the business is to be established. Customers need to be studied – their needs, their wants and other demands. Studying the local culture would also help in dealing with local business people. What a business person must first note in studying Hong Kong and Vietnam culture is that both countries have collectivist orientations and interests. They exhibit close family and community ties. Loyalty is a very important value and each member takes responsibility for others in the group. (Taylor, para. 7) People in Hong Kong value â€Å"collective ideals of modesty, moderation, and the value of protecting established, harmonious relationships. The collective culture would reinforce peoples motivation to do a good job, because there is an element of face involved. If one is doing a good job in running a company, he or she not only reaps profits but also gain face †(International Business Ethics, Attitude toward a Corporation section). The concept of â€Å"face† in Hong Kong is roughly equivalent to reputation and integrity. Most Hong Kong companies are owned by families (International Business Ethics, Religions and Traditions section, para. 4). For the Vietnamese, the family is of utmost importance. The groups interests comes first before the individuals. All customs and rituals like weddings and funerals are attached to the village community. Marriages had to meet the interests of family lines and wedding proposals are made to the brides family. (Customs, para. 5) Hong Kong culture is â€Å"somewhere in-between Chinese and American culture† (International Business Ethics, para. 1). In fact, both Chinese and English are considered its official languages. Although Hong Kong is predominantly Chinese, its culture blends the East and the West, as well as the old and the new. â€Å"People here still cling to their roots, to their traditional beliefs and religions. They continue to pray and make offerings at more than 600 old and new temples, shrines and monasteries scattered across the territory.†Ã‚   (Hong Kong Culture, para. 2) Hong Kong is famous for their lion dances, a colorful display of   a dancing large lion usually during festive occasions and are meant to bring in good luck. The Hong Kong Chinese also celebrate the Ching Ming Festival, devoted to honoring their relatives who have died. Ancestors are held in high regard by the Chinese and they are always prayed to for guidance. Another festival that exhibits the Chineses close familial ties is the Moon Festival. It is believed that on that day, the moon is on its biggest, roundest and brightest. The term â€Å"round† implies family reunion in Chinese. There are various religions in Hong Kong, including Buddhism, Taoism, Confucianism, Christianity, Islam, Hinduism, Sikhism and Judaism. There are 39,400 Catholics, 300,000 Protestant Christians, 20,000 Muslims and 15,000 Hindus in Hong Kong. All of these religions are deeply involved in education, health care and social services. Homes of Buddhist and Taoist believers have ancestral shrines, â€Å"with images of the most favored of the hundreds of divinities (International Business Ethics, Religions and Traditions section, para. 2).† Generally, Hong Kong has a welcoming attitude to business people from around the world (Hong Kong a Model, para. 6). It could be expected that American-owned businesses would have no problem dealing with the Hong Kong Chinese. In fact, the city already hosts more than 1,100 American firms (U.S.-Hong Kong, para. 4). Despite this, American business people should still take note of the following cultural values and behaviors in order to avoid any misunderstandings with the Hong Kong Chinese: Colors are very significant. Red is considered a lucky color, while white is synonymous with death. It is wise to think about the color of your products. A common way of showing surprise or dismay is by sucking in air quickly and loudly through the lips and teeth. If your customer shows this gesture, it means he is displeased. Gift giving is a sign of thanksgiving. Present gifts using two hands and dont expect that it will be opened in front of you. Religion has a very significant influence on the culture and way of life of the Vietnamese. Their attitude towards family, life and death are greatly influenced by Buddhism, Confucianism and Taoism (Religion, para. 1). The predominant religion in Vietnam is Buddhism, with about 10 million followers. The second largest is Catholicism, with about six million followers, but their influence on the   culture is minimal. Just as well, the influence of the two religious sects, Cao Dai and Hoa Hao, are also insignificant. Caodaism is a combination of different teachings of Buddha, Jesus, Confucius, Lao-Tse and others. Hoa Hao, meanwhile, is a reformed Theravada Buddhism. (Religion, Other religions section) There are also Protestants and Muslims in Vietnam but the numbers are not large. As with the Hong Kong Chinese, Vietnam had also opened their trade with the United States. Likewise, it could be expected that doing business in Vietnam would not be too difficult for Americans, just as long as they keep in mind some of the intricacies of this culture. Among these: The concept of face is very important to the Vietnamese. Take caution not to unintentionally cause the loss of face of your customer. Be aware of your words and actions.Complimenting them is a way to give face, while, accusing them of poor performance or reprimanding them in public causes the loss of face. Pass items with both hands. It shows respect. Do not pass anything over anyones head. Do not point using your finger. Point using your hand. Bibliography: Cunningham, J. (2005). U.S.-Hong Kong Economic Relations. Retrieved February 1, 2007 from http://usinfo.state.gov/eap/Archive/2005/Sep/30-249516.html Customs and practices. (n.d.) Retrieved February 1, 2007 from http://www.vietnamembassy-usa.org/learn_about_vietnam/culture/customs/ Hong Kong a Model for China, U.S. Consul General Says. (n.d.). Retrieved February 1, 2007 from http://usinfo.state.gov/eap/Archive/2005/Sep/30-249516.html Hong Kong Culture. (n.d.) Retrieved February 1, 2007 from http://hong-kong.tourism-asia.net/hong-kong-culture.html Huynh, D. T. (n.d.). Religion of the Vietnamese. Retrieved February 1, 2007 from http://www.geocities.com/SoHo/Den/5908/religion/religioninvn.html   International Business Ethics: Hong Kong: Culture, Religion, and Tradition. (n.d.). Retrieved February 1, 2007 from http://www.pitt.edu/~ethics/Hong_Kong/culture.html Taylor, S. (n.d.). Geert Hofstede Analysis: Hong Kong. Retrieved February 1, 2007 from http://international-business-etiquette.com/besite/hong_kong.htm

Retrospectives Essay -- Autobiographies Education Essays

Retrospectives I selected three autobiographical pieces and one analytical for the portfolio. The order is: "Multi-Threaded ThingTM," an autobiographical paper which took inspiration from the form of Susan Griffin's "Our Secrets," and represented my life by pseudocode written in different computer programming languages; "Autobiographical Comparison," which was a partially successful attempt to compare and contrast my beliefs with those of James Baldwin; "Virginia Woolf: Assertive or Introspective," an analytical assessment of Virginia Woolf's motives while writing her memoir A Sketch of the Past; and "The ideal Life," an autobiographical response to the fantasy life portrayed in Maxine Hong Kingston's "White Tigers." I chose this layout because it sorts the papers by an increasing amount of time spent on each paper, which coincides with an increasing order of my satisfaction with it, as well as for some other reasons. The first paper consists of alternating sections of computer code describing the period of the last four years of my life. It was an interesting experiment to write a paper in this structure. It was at once both easier and more difficult to write than a standard prose structure. I found it easier because I am used to and more comfortable writing with computer code. The structure of code is stricter than that of English in that fewer constructions can be used. I found it more difficult because I did not have a set vision of the content of the paper in mind, but rather only one of its form. I actually accomplished matching the form to my vision, something that is never done when the vision is of the content, but had no coherent picture of the piece while writing. It was an interesting experiment to expre... ...or get it down on paper I stop and try to search for a better verb to use. Since this is the way I think ("this is"), I continue to start with these sentences and verbs, but then try to revise it immediately and bring the creative process to a halt while trying to think of better verbs), I believe that it has helped me to develop my writing. It has reacquainted me with the whole process of writing, and while it's not any easier to produce the papers, at least I have the experience of producing, and the knowledge that I can probably do it again if forced. "In conclusion, I would like to thank you, gentle reader. What's that you say? Me thank you? No, it's not a misprint, for you see I have enjoyed writing this paper as much as you have enjoyed reading it." — Charles Montgomery Bums ("Bart's Blood" - Simpsons) Courtesy of an Anonymous Student. Used with permission.

Nike, Inc. Case Study

Nike Valuation At North Point Group we believe we have developed the formula for investing success. As you know better than anyone, our Large-cap fund has exceeded all possible expectations in recent years as it outperformed the S&P 500 by 30% with respect to returns in 2000 and has continued the trend into 2001; as of the end of June 2001 it has already produced returns of 6. 4% while the S&P 500 has continued to struggle producing a return of -7. 3%. We believe these results are made possible by our â€Å"workhorses† of the market as we like to call them. For those of you that don’t know these â€Å"workhorses† are our holdings in companies that have been there through the history of modern America. These companies are those such as 3M, General Motors, McDonalds, and ExxonMobil, which have gone through the many roller-coaster type rises and falls that defines our nation’s economy and has utilized these experiences to prosper and grow step for step with our nation. We are here today to share and discuss our recent findings in our search for another candidate worthy of investment from our Large-Cap Fund. The company originally named â€Å"Blue Ribbon Sports,† now Nike Inc. has caught our attention. Initially known for their athletic performance shoes, Nike has developed itself into a sporting good and apparel monster while maintaining their domination in the athletic shoe sector over the last fifty years. In 1997, Nike reached the top of their game in terms of revenue, when they reported $9 billion in revenues in their annual report; however, since then their revenues have been at a virtual stand-still, hovering around $9 billion for the past five years. Despite their lack of improvement in the last half-decade we see progress in their near future, especially with them already well into the stage of recognizing problem issues within the company. They have realized that one of their major issues is that which made them into what they are today, their athletic shoes. They have maintained a large share of the athletic shoe market throughout their history but they have only just recently noticed that this share is slowly diminishing through time, as it has dropped six percent from 1997 to 2000. After taking a step back and looking at the big picture they realized their error in the recent past, they have placed too much of their focus on producing high-end, high-priced athletic shoes and have forgotten about the mid-priced shoes segment which fueled their growth for decades, and yet still remained the producer of 30% of their revenues. This focus will help bring the Nike brand shoe back into the homes of any American home no matter their income level. Along with their shoes, Nike has other plans to rejuvenate their corporate performance. The biggest of all was the acquisition of top exec, the former president and chief executive of the Polo Jeans division of rival Jones Apparel Group, Mindy Grossman. Nike sought out Ms. Grossman because of her exceptional performance in the clothing industry in hopes that she would take their apparel division to the top; a result which is not far beyond belief when considering the vast resources and influence that Nike already possesses. The hopes within the company are that these tweaks to their corporate approach along with some minor cost cutting adjustments in the company’s operations and administration will drive the company up the incline of revenue growth. With Nike reigniting their pursuit for excellence and fueling this fire by restoring their staple, mid-priced athletic shoes fit for every American, to its glory; it’s easy to believe in the potential of Nike, Inc. and jump on the bandwagon. Even though we believe in the potential of Nike, further financial evaluation is necessary before a decision affecting everyone in this room can be made. We got excited about the prospect of Nike becoming part of our fund not because of the name, and the reputation it carries with it, but because of their remarkable success through numerous decades and varying economic conditions. These factors paired with their current economic struggles and the impact those on the market price of Nike makes them a prime value investing candidate. WACC: We choose the weighted average cost of capital to use as our discount rate. We did this because we calculated future cash flows using the free cash flow to the firm method. By using this method we are able to account for the total free cash flows available to the owners after all expenses. This means that debt is accounted for in the intrinsic value of the company. In order to compute the WACC the following inputs must be calculated; cost of equity, after tax cost of debt, weight of equity and weight of debt. In this section of the analysis we will give a step by step breakdown of how we computed those inputs. Cost of Debt: The cost of debt is rate at which a company pays on its current outstanding debt. This rate is comprised of things like loans or bonds. Nike conveniently has only one issue of publicly traded debt. This is a bond that pays a 6. 75% coupon semi-annually. It was issued on 7/15/10 and is mature on 7/15/21. The current market price is $95. 60. To calculate the cost of debt we found the YTM of the only current outstanding bond issue. As of today we are nine days away from a coupon payment on 7/15/01. After this coupon payment there will be 40 more coupon payments. We are making the assumption that a coupon is paid on the date of maturity. As stated the price of the bond listed today is $95. 60. If the bond were actually to be bought and sold the price would need to reflect the interest accrued since the last coupon payment. To calculate this we subtracted the number of days since the last payment, 173, from the number of days in the period, 182 = . 95. We then took that number and multiplied it by the coupon payment divided by 2 in order to realize the coupon payment per period. (6. 75/2)= 3. 375(. 95) = $3. 2. Based on these calculations we have calculated the following inputs to solve for the YTM. Cost of Equity: The cost of equity is the return that stockholders require to invest in a company. There are many different ways to compute this value. We will look at CAPM, DDM and the earnings capitalization ratio. CAPM: We looked at two different ways to calculate CAPM. First using the 3 month T-Bill as a risk free rate (3. 59%) along with the arithmetic average of returns from 1926-1999 (7. 50%) to calculate the market risk premium. We used a beta of . 8 which is the average of the last 6 years. We believe this to be a good estimate because it accounts for volatility and decreased possible variance. Below is our calculation for the cost of equity. In the alternative CAPM model we used the 10 year Treasury bond as the risk free rate instead of the 3 month. We also used the geometric average of historical returns as the market risk premium. Below is the estimation of the alternative Cost of Equity. We believe that the second calculation of the CAPM using the 10 year bond and the geometric average is a more accurate representation of the cost of equity. The 10 year bond rate is a better indication of the real risk free rate since the fund is looking at value stocks which are generally held for longer periods of time. The geometric mean is also a more realistic calculation of the market risk premium because it calculated real return, as opposed to the arithmetic average which is just a straight average calculation. DDM: The calculation of the dividend discount model required a dividend growth rate and the current stock price. We obtained the dividend growth rate of 5. 5% from Valueline. The current share price is $42. 09. The calculation of the cost of capital using the DDM is below. The dividend discount model works best with companies that follow the constant slow growth path. This is because their dividends are generally a good reflection of earnings. Since Nike is not a slow growing company and their dividends are not highly correlated with changes in earnings we do not recommend using the DDM to estimate the cost of equity. Earnings Capitalization Rate: The earnings cap rate is the opposite of the P/E ratio. The inputs include an implicit growth rate which we calculated by multiplying current ROE by the current retention ratio of earnings. This growth rate is used to project EPS for the next year. The inputs and calculation of the cost of equity is shown below. The earnings capitalization ratio is not a good estimate of the cost of equity for the same reason the DDM was not a good model. This is because the retention ratio and the dividend payout ratio are dependent on each other. Since the dividend payout ratio is not a good indication of earnings than neither is a model that uses the retention ratio. Value of Debt: To effectively calculate the value of debt we used the market value of debt instead of the book value. This gives a better approximation of the current value of the debt. To calculate the market value we discounted the LT debt value that we obtained from the balance sheet. Below are the inputs and the present value of the LT debt. In addition to the market value of long term debt we need to add short term debt. This includes the current LT debt payment and the notes payable as found on the 2001 balance sheet. After adding these values we obtained the total market value of debt. Value of Equity: To find the value of the equity we used the market value of the current equity instead of using the book value. The market equity is calculated by multiplying the current number of shares by the current market price. Calculation is shown below. Capital Structure: Based on the market value of the debt and equity we calculated the capital structure. The numbers are shown below. {draw:frame} {draw:frame} WACC Calculation: To calculate the WACC we combined the weights of equity and value with the cost of each. The equation is as follows: {draw:line} {draw:line} {draw:line} {draw:line} (11,503/12,550) X 3. 42% + (1,047/12,550) X 2. 12% = 9. 44% {draw:custom-shape} {draw:custom-shape} {draw:custom-shape} {draw:custom-shape} Discounted Cash Flow Analysis: Revenue: To have a better estimate of Nike’s current condition, we calculated its discounted cash flow in order to find its NPV and a more realistic measure of Nike’s share price. We estimate that in the next 10 years Nike will have a revenue growth ranging from 6 to 7 percent. In 2002, revenue growth is projected to be at 7 percent. From 2003 to 2005, revenue growth will be 6. 5 percent. In the last 6 years of the forecast, Nike will experience a growth rate of 6 percent. The rationale behind this sales growth forecast is that Nike will be developing more midpriced shoes and increasing its apparel line. The midpriced shoes will offer consumers more affordable selection so sales are likely to increase. Nike’s plan to push its apparel line is also a good strategy to increase sales because athletic apparel is a good complementary to their shoes. Revenue growth will kick off with a good start but it’s projected to fall slightly to a more sustainable growth rate. COGS, SG&A: As Nike’s sales rate slowly declines in the next 10 years, their percentage of Cost of Goods Sold over Sales and Selling, General & Administrative percentage also decline. Nike plans to cut costs in the next 10 years. So as their costs decrease and sales increase, their percentage of COGS and SG&A to sales will decrease. NWC: Next, we calculated Nike’s change in net working capital. Net working capital is current assets minus current liabilities. To do this, we took the average of Nike’s asset in percentage to sales and liabilities over sales for the last 4 years. (Refer to Exhibit A). We then take those numbers and multiply it by the projected revenue to get the project current assets and current liabilities for the next 10 years. We took the difference to get the net working capital. The change in net working capital would be just the difference of one year to the next. Exhibit A. CAPEX, net Depr: We calculated the Capital Expenditure and depreciation using a similar model. The 2001 Nike annual report gave us some guidance that CAPEX would not increase in 2002 from the previous year. Based on an increasing cost of depreciation we forecasted 2002 CAPEX net Depr. to be $120 million. Using this projected 2002 value and the three years previous we calculated an average CAPEX net Depr. (See Exhibit B) We feel this average is the best way to estimate an unpredictable CAPEX number. We used this average in our forecasts through 2011. Exhibit B. Free Cash Flow: After we attain all the CAPEX and the change in NWC, we were able to do a ash flow by taking our net operating income after tax less CAPEX and NWC. For our terminal value, we used the Gordon growth model with a 3 percent growth rate. In our terminal value, we added back the CAPEX value because capital expenditure will eventually be zero in the future. We feel that it won’t be accurate to have a negative value for CAPEX fo r our terminal value. After calculating the future cash flows for Nike, we were able to find the intrinsic value of the company. Using our WACC of 9. 44 percent, we attained a NPV of $15,963 million. During this time, Nike had a current debt balance of about $1,047 million. We subtracted the debt from the NPV to get an equity value for the company of about $14,916 million. We took Nike’s equity value and divided by their total number of shares outstanding of 273. 3 for 2001 and got a price of $54. 58. Compared to the current market price of Nike’s stock of only $42. 09, Nike’s stock is undervalued by almost 30 percent. Based on our new estimates of Nike’s value, we think that these numbers reflect the company better than what the market says. We also did a sensitivity analysis of Nike’s stock using various discount rates. We can see that even at a discount rate of 12 percent, Nike’s stock would be $44. 7. This is still about $2 more than what the market valued Nike. Conclusion: Knowing that our key to success has been a value investing approach to Large-Cap mutual funds, it is easy to see that we are recommending the investment in Nike, Inc. on the basis of the findings of our financial analysis, which reports t he company as undervalued by over 29%. Essentially we are saying that according to our best analysis we believe that the company should be valued by the market at a price 29% higher than it currently is. In terms of stock price this is saying that although Nike is currently selling at $42. 9 we believe it should be priced at $54. 58. It is easy to figure out how this creates value for you as investors as long as Nike stays true to form and true to their word. We do not see the powers that be letting Nike die; they recommitted themselves and the company to excellence and have taken appropriate action to signify their sincerity. Their modifications to expenses in combination with their push of apparel and shoes, which despite its decline in market share is responsible for 30% of Nike’s revenues, will bring Nike out of their current slump. They will ake this happen over time by slowly working down expenses, in particular cost of goods sold and selling and administration expense, while working to increase revenues. We feel very strongly on the accuracy of both our analytical and corporate analysis in part because despite increasing selling and administrative expenses and fluctuating revenues Nike has ended each fiscal year for the last few years with a positive economic value added result. Over the past three years Nike has ended with an average EVA of $387 million, showing that they can go above and beyond market and investor expectations even while in a slump. Nike, Inc. Case Study Nike Valuation At North Point Group we believe we have developed the formula for investing success. As you know better than anyone, our Large-cap fund has exceeded all possible expectations in recent years as it outperformed the S&P 500 by 30% with respect to returns in 2000 and has continued the trend into 2001; as of the end of June 2001 it has already produced returns of 6. 4% while the S&P 500 has continued to struggle producing a return of -7. 3%. We believe these results are made possible by our â€Å"workhorses† of the market as we like to call them. For those of you that don’t know these â€Å"workhorses† are our holdings in companies that have been there through the history of modern America. These companies are those such as 3M, General Motors, McDonalds, and ExxonMobil, which have gone through the many roller-coaster type rises and falls that defines our nation’s economy and has utilized these experiences to prosper and grow step for step with our nation. We are here today to share and discuss our recent findings in our search for another candidate worthy of investment from our Large-Cap Fund. The company originally named â€Å"Blue Ribbon Sports,† now Nike Inc. has caught our attention. Initially known for their athletic performance shoes, Nike has developed itself into a sporting good and apparel monster while maintaining their domination in the athletic shoe sector over the last fifty years. In 1997, Nike reached the top of their game in terms of revenue, when they reported $9 billion in revenues in their annual report; however, since then their revenues have been at a virtual stand-still, hovering around $9 billion for the past five years. Despite their lack of improvement in the last half-decade we see progress in their near future, especially with them already well into the stage of recognizing problem issues within the company. They have realized that one of their major issues is that which made them into what they are today, their athletic shoes. They have maintained a large share of the athletic shoe market throughout their history but they have only just recently noticed that this share is slowly diminishing through time, as it has dropped six percent from 1997 to 2000. After taking a step back and looking at the big picture they realized their error in the recent past, they have placed too much of their focus on producing high-end, high-priced athletic shoes and have forgotten about the mid-priced shoes segment which fueled their growth for decades, and yet still remained the producer of 30% of their revenues. This focus will help bring the Nike brand shoe back into the homes of any American home no matter their income level. Along with their shoes, Nike has other plans to rejuvenate their corporate performance. The biggest of all was the acquisition of top exec, the former president and chief executive of the Polo Jeans division of rival Jones Apparel Group, Mindy Grossman. Nike sought out Ms. Grossman because of her exceptional performance in the clothing industry in hopes that she would take their apparel division to the top; a result which is not far beyond belief when considering the vast resources and influence that Nike already possesses. The hopes within the company are that these tweaks to their corporate approach along with some minor cost cutting adjustments in the company’s operations and administration will drive the company up the incline of revenue growth. With Nike reigniting their pursuit for excellence and fueling this fire by restoring their staple, mid-priced athletic shoes fit for every American, to its glory; it’s easy to believe in the potential of Nike, Inc. and jump on the bandwagon. Even though we believe in the potential of Nike, further financial evaluation is necessary before a decision affecting everyone in this room can be made. We got excited about the prospect of Nike becoming part of our fund not because of the name, and the reputation it carries with it, but because of their remarkable success through numerous decades and varying economic conditions. These factors paired with their current economic struggles and the impact those on the market price of Nike makes them a prime value investing candidate. WACC: We choose the weighted average cost of capital to use as our discount rate. We did this because we calculated future cash flows using the free cash flow to the firm method. By using this method we are able to account for the total free cash flows available to the owners after all expenses. This means that debt is accounted for in the intrinsic value of the company. In order to compute the WACC the following inputs must be calculated; cost of equity, after tax cost of debt, weight of equity and weight of debt. In this section of the analysis we will give a step by step breakdown of how we computed those inputs. Cost of Debt: The cost of debt is rate at which a company pays on its current outstanding debt. This rate is comprised of things like loans or bonds. Nike conveniently has only one issue of publicly traded debt. This is a bond that pays a 6. 75% coupon semi-annually. It was issued on 7/15/10 and is mature on 7/15/21. The current market price is $95. 60. To calculate the cost of debt we found the YTM of the only current outstanding bond issue. As of today we are nine days away from a coupon payment on 7/15/01. After this coupon payment there will be 40 more coupon payments. We are making the assumption that a coupon is paid on the date of maturity. As stated the price of the bond listed today is $95. 60. If the bond were actually to be bought and sold the price would need to reflect the interest accrued since the last coupon payment. To calculate this we subtracted the number of days since the last payment, 173, from the number of days in the period, 182 = . 95. We then took that number and multiplied it by the coupon payment divided by 2 in order to realize the coupon payment per period. (6. 75/2)= 3. 375(. 95) = $3. 2. Based on these calculations we have calculated the following inputs to solve for the YTM. Cost of Equity: The cost of equity is the return that stockholders require to invest in a company. There are many different ways to compute this value. We will look at CAPM, DDM and the earnings capitalization ratio. CAPM: We looked at two different ways to calculate CAPM. First using the 3 month T-Bill as a risk free rate (3. 59%) along with the arithmetic average of returns from 1926-1999 (7. 50%) to calculate the market risk premium. We used a beta of . 8 which is the average of the last 6 years. We believe this to be a good estimate because it accounts for volatility and decreased possible variance. Below is our calculation for the cost of equity. In the alternative CAPM model we used the 10 year Treasury bond as the risk free rate instead of the 3 month. We also used the geometric average of historical returns as the market risk premium. Below is the estimation of the alternative Cost of Equity. We believe that the second calculation of the CAPM using the 10 year bond and the geometric average is a more accurate representation of the cost of equity. The 10 year bond rate is a better indication of the real risk free rate since the fund is looking at value stocks which are generally held for longer periods of time. The geometric mean is also a more realistic calculation of the market risk premium because it calculated real return, as opposed to the arithmetic average which is just a straight average calculation. DDM: The calculation of the dividend discount model required a dividend growth rate and the current stock price. We obtained the dividend growth rate of 5. 5% from Valueline. The current share price is $42. 09. The calculation of the cost of capital using the DDM is below. The dividend discount model works best with companies that follow the constant slow growth path. This is because their dividends are generally a good reflection of earnings. Since Nike is not a slow growing company and their dividends are not highly correlated with changes in earnings we do not recommend using the DDM to estimate the cost of equity. Earnings Capitalization Rate: The earnings cap rate is the opposite of the P/E ratio. The inputs include an implicit growth rate which we calculated by multiplying current ROE by the current retention ratio of earnings. This growth rate is used to project EPS for the next year. The inputs and calculation of the cost of equity is shown below. The earnings capitalization ratio is not a good estimate of the cost of equity for the same reason the DDM was not a good model. This is because the retention ratio and the dividend payout ratio are dependent on each other. Since the dividend payout ratio is not a good indication of earnings than neither is a model that uses the retention ratio. Value of Debt: To effectively calculate the value of debt we used the market value of debt instead of the book value. This gives a better approximation of the current value of the debt. To calculate the market value we discounted the LT debt value that we obtained from the balance sheet. Below are the inputs and the present value of the LT debt. In addition to the market value of long term debt we need to add short term debt. This includes the current LT debt payment and the notes payable as found on the 2001 balance sheet. After adding these values we obtained the total market value of debt. Value of Equity: To find the value of the equity we used the market value of the current equity instead of using the book value. The market equity is calculated by multiplying the current number of shares by the current market price. Calculation is shown below. Capital Structure: Based on the market value of the debt and equity we calculated the capital structure. The numbers are shown below. {draw:frame} {draw:frame} WACC Calculation: To calculate the WACC we combined the weights of equity and value with the cost of each. The equation is as follows: {draw:line} {draw:line} {draw:line} {draw:line} (11,503/12,550) X 3. 42% + (1,047/12,550) X 2. 12% = 9. 44% {draw:custom-shape} {draw:custom-shape} {draw:custom-shape} {draw:custom-shape} Discounted Cash Flow Analysis: Revenue: To have a better estimate of Nike’s current condition, we calculated its discounted cash flow in order to find its NPV and a more realistic measure of Nike’s share price. We estimate that in the next 10 years Nike will have a revenue growth ranging from 6 to 7 percent. In 2002, revenue growth is projected to be at 7 percent. From 2003 to 2005, revenue growth will be 6. 5 percent. In the last 6 years of the forecast, Nike will experience a growth rate of 6 percent. The rationale behind this sales growth forecast is that Nike will be developing more midpriced shoes and increasing its apparel line. The midpriced shoes will offer consumers more affordable selection so sales are likely to increase. Nike’s plan to push its apparel line is also a good strategy to increase sales because athletic apparel is a good complementary to their shoes. Revenue growth will kick off with a good start but it’s projected to fall slightly to a more sustainable growth rate. COGS, SG&A: As Nike’s sales rate slowly declines in the next 10 years, their percentage of Cost of Goods Sold over Sales and Selling, General & Administrative percentage also decline. Nike plans to cut costs in the next 10 years. So as their costs decrease and sales increase, their percentage of COGS and SG&A to sales will decrease. NWC: Next, we calculated Nike’s change in net working capital. Net working capital is current assets minus current liabilities. To do this, we took the average of Nike’s asset in percentage to sales and liabilities over sales for the last 4 years. (Refer to Exhibit A). We then take those numbers and multiply it by the projected revenue to get the project current assets and current liabilities for the next 10 years. We took the difference to get the net working capital. The change in net working capital would be just the difference of one year to the next. Exhibit A. CAPEX, net Depr: We calculated the Capital Expenditure and depreciation using a similar model. The 2001 Nike annual report gave us some guidance that CAPEX would not increase in 2002 from the previous year. Based on an increasing cost of depreciation we forecasted 2002 CAPEX net Depr. to be $120 million. Using this projected 2002 value and the three years previous we calculated an average CAPEX net Depr. (See Exhibit B) We feel this average is the best way to estimate an unpredictable CAPEX number. We used this average in our forecasts through 2011. Exhibit B. Free Cash Flow: After we attain all the CAPEX and the change in NWC, we were able to do a ash flow by taking our net operating income after tax less CAPEX and NWC. For our terminal value, we used the Gordon growth model with a 3 percent growth rate. In our terminal value, we added back the CAPEX value because capital expenditure will eventually be zero in the future. We feel that it won’t be accurate to have a negative value for CAPEX fo r our terminal value. After calculating the future cash flows for Nike, we were able to find the intrinsic value of the company. Using our WACC of 9. 44 percent, we attained a NPV of $15,963 million. During this time, Nike had a current debt balance of about $1,047 million. We subtracted the debt from the NPV to get an equity value for the company of about $14,916 million. We took Nike’s equity value and divided by their total number of shares outstanding of 273. 3 for 2001 and got a price of $54. 58. Compared to the current market price of Nike’s stock of only $42. 09, Nike’s stock is undervalued by almost 30 percent. Based on our new estimates of Nike’s value, we think that these numbers reflect the company better than what the market says. We also did a sensitivity analysis of Nike’s stock using various discount rates. We can see that even at a discount rate of 12 percent, Nike’s stock would be $44. 7. This is still about $2 more than what the market valued Nike. Conclusion: Knowing that our key to success has been a value investing approach to Large-Cap mutual funds, it is easy to see that we are recommending the investment in Nike, Inc. on the basis of the findings of our financial analysis, which reports t he company as undervalued by over 29%. Essentially we are saying that according to our best analysis we believe that the company should be valued by the market at a price 29% higher than it currently is. In terms of stock price this is saying that although Nike is currently selling at $42. 9 we believe it should be priced at $54. 58. It is easy to figure out how this creates value for you as investors as long as Nike stays true to form and true to their word. We do not see the powers that be letting Nike die; they recommitted themselves and the company to excellence and have taken appropriate action to signify their sincerity. Their modifications to expenses in combination with their push of apparel and shoes, which despite its decline in market share is responsible for 30% of Nike’s revenues, will bring Nike out of their current slump. They will ake this happen over time by slowly working down expenses, in particular cost of goods sold and selling and administration expense, while working to increase revenues. We feel very strongly on the accuracy of both our analytical and corporate analysis in part because despite increasing selling and administrative expenses and fluctuating revenues Nike has ended each fiscal year for the last few years with a positive economic value added result. Over the past three years Nike has ended with an average EVA of $387 million, showing that they can go above and beyond market and investor expectations even while in a slump.

17th Century Masters of Dutch Painting Essay

The Baroque Art Style Movement started in the 17th century. This period was characterized by complex art style which is stimulated by the urge to tap the different â€Å"emotional states† which is dramatically shown â€Å"by appealing to the senses. † The dominant characteristics of this period were â€Å"grandeur, sensuous richness, drama, vitality, movement, tension, emotional exuberance, and a tendency to blur distinctions† ( Pioch, 2002, â€Å"Baroque†). The Dutch were one of those who perfected this particular style and they have generated some of the critically acclaimed Baroque masterpieces in art history. Jan Vermeer, Jan Steen and Gabriel Metsu were just three of the masters of Dutch painting who have immensely contributed to the development of the arts in the Netherlands. Vermeer’s Woman Holding A Balance, Steen’s The Drawing Lesson and Metsu’s Young Woman Reading A Letter were some of the noted creations that have embodied the â€Å"novelty of genre Dutch paintings. † These art pieces were immediately accepted by the public because they resembled an â€Å"honest and materialist art† that highlighted art as an â€Å"end in itself and not as a mere vehicle for emphasizing values from other realms of human thought. † More so, these paintings focused on a common theme which is the depiction of domestic daily life wherein women where the central characters. The artists used this theme to emphasize that the homes were not merely structures but also the foundation of morals in the society. In addition, the role of women in the paintings was intended to help bring serenity to the viewers in order for them to easily adapt to the overwhelming changes that were introduced in the 17th century (cited in Janson, 2008, â€Å"The Subject Matter of Dutch Domestic Interiors†). See more: Analysis of Starbucks coffee company employees essay Jan Vermeer was an artisan who is known for his trademarks of crafty play with light and color, inclusion of graphics with poetic quality and the exploration of spatial relationships. The camera obscura was the tool he used add a realness factor to his paintings (Pioch, 2002, â€Å"Vermeer, Jan†). In Woman Holding A Balance, Jan Vermeer illustrated a young woman holding a pair of empty weighing scales who was probably going to measure the mass of the valuable materials placed on the table. Moreover, other elements were also harmoniously integrated in the artwork such as the painting of the Last Judgment which signified a Christian biblical event; the weighing scales which symbolized justice; the light coming from the window suggested spiritual enlightenment and the mirror in front of the woman represented conceitedness. All of these elements exemplified the significance of resisting temptation of material things and living moderately in order to obtain salvation (National Gallery of Art, 2008, â€Å"Vermeer†). Meanwhile, Jan Steen was branded as one of the most productive painters of the Dutch art scene. He was known for his â€Å"versatility, richness of characterization, inventiveness in composition, skillful manipulation of colors† (Janson, 2008, â€Å"Seven Dutch Masters: Jan Steen†). The Drawing Lesson captured the scene of an art instructor teaching a young male and a beautiful young lady most likely about drawing. The art studio was filled with a variety of art paraphernalia that were strewn all over the place. There were nude sculptures, paint brushes, easels and other art materials. Vanity was also represented through the presence of â€Å"a laurel wreath, a skull, wine, a fur muff, a book, a lute, and a pipe† to impart Steen’s message that popularity and life are not permanent in the physical world. This uncomplicated ordinary scene is a symbolic representation of the lives of artists and the nature of their profession (J. Paul Getty Trust, â€Å"†The Drawing Lesson†). Moreover, another Dutch painter who made a mark in the field of Baroque art was Gabriel Metsu who was also a son of a painter. He founded the Leiden painters guild where he learned to create genre scenes that showed the â€Å"influences of Nicolaes Maes, Gerrit Terborch and the Delft school. † More so, â€Å"his technique evolved from the quite broadly painted Leiden works to the meticulous fjnschilder manner of his later Amsterdam years† (Janson, 2008, â€Å"Seven Dutch Masters: Gabriel Metsu†). In Metsu’s painting of Woman Reading a Letter, shows a woman reading a letter probably from a suitor or a male correspondence. Actually, this painting is a continuation of another Metsu painting called Man Writing a Letter and when these two pieces are interconnected, a story of courtship between a man and a woman is established. Meanwhile, â€Å"the maid’s momentary movement contrasts with the concentration of the young woman who, one senses, will not move until she has finished reading the letter. † Love was also cleverly symbolized in the painting which is in the form of the seascape painting mounted on the wall which probably was directed to represent the risks involved in having relationships (Web Gallery of Art, 1996, â€Å"Metsu, Gabriel†). In terms of aesthetic qualities, the three paintings showcased a variety of distinct elements including color, light, texture, lines, and brushstrokes. In Woman Holding A Balance by Vermeer, the artist combined all aesthetic elements to produce one exquisite picture. Vermeer employed darker shades of color but accents of blue, yellow and white were visible to avoid monotony. More so, the light came from only source which was at the window that directly illuminated the serene face of the woman. Since this painting symbolically suggests living a balanced life, the compositional lines proportionally dissected the whole picture that emanated uniformity and a sense of space. The technique used by Vermeer for his brushstrokes was impasto wherein he densely put paint on the canvas to make strokes using a paintbrush finished by thin glazes. In addition, played with camera obscura â€Å"to create a specular highlight† as seen on the pearls on the table which were painted with two layers of color. Overall, these elements: the dark colors, the orthogonal lines, impasto brushstrokes, the objects that surround the woman like the balance and painting of the Last Judgement , all â€Å"reinforced the theme of spiritual moderation†(National Gallery of Art, 2008, â€Å"Vermeer†). Many different objects and elements were incorporated in The Drawing Lesson by Steen. Every object has a corresponding meaning and significance. The colors of brown, pink, grey, blue and red were delicately subdued to seamlessly mesh the variety of objects in the picture. In addition the colors, lighting and the placement of the objects were very strategic that despite the many elements present, the painting did not look cluttered. More so, each object included in the painting suggested a symbolical meaning, the viewer just needs to look closely and try to comprehend the message of Steen. â€Å"Typically Steen gives a degree of information about individual characters, but leaves the viewer to ponder the specific twists of the narrative, and to admire the artist for his clever allusions† (Wiseman, â€Å"Dutch and Flemish Art†). The focal point of the painting was the teacher and his pretty young student. The pastel colors of pink and blue contrasted by the gold and dark red colors emphasized the young woman and her dress which suggested that she is aristocratic in nature. While the art teacher was depicted in an ordinary attire to show that he is a commoner trying to break into the exclusive circle of the rich by teaching their children how to make art. In the position of the artist, the young woman and the boy, it could be drawn that there exist a special relationship between the teacher and his pupil and that the other student notices their secret â€Å"love affair. † However, this interpretation was not confirmed by Steen. He wanted his artworks to insinuate different messages depending on the viewer’s perception. For Woman Reading a Letter Metsu wanted to tell a story of love, drama and anticipation. This painting was clearly the continuation of Metsu’s other painting called Man â€Å"Writing a Letter. † Compared to the two previous artworks, this one had been brightly illuminated and the dominant colors were of light shades and hues. At first glance, one may think that this is a sublime scenario but if one would look closely and analyze the objects that surround the woman, one can realize that this painting suggests otherwise. The tranquil face of the woman reading the letter is contradicted by the chaotic seascape painting on the wall. Also, the dropped shoe and the worried position of the maid support the theory that something bad might have happened to the man who sent the letter. Every aspect of this painting had been craftily incorporated to tell a provoking story.

Jonathan Edwards essays

Jonathan Edwards essays Puritans wanted to purify the Church of England and live a life dedicated to the church. These were the people who were first to arrive to America to escape religious persecution. Jonathan Edwards the author and preacher of from sinners in the Hands of an Angry god was a preacher in the mid 1700s was part of the religious great awakening to bring the puritan people back to their old ways. Edwards uses two different tones a tone of fear to begin with, then a tone of hope to help manipulate his audience or reader. Edwardss use of fear makes the audience pay attention and scares them into believing that they will all be going into hell, That world of misery, that lake of burning brimstone, is extended abroad under you. There is the dreadful pit of the glowing flames of the wrath of god; there is hells wide gaping mouth open(98). This sense that is extended to the audience gives them a terrible picture that is burned into their minds about where they will go if they continue to live there lives the same way they are. This image is of a dark and despair place that people can only fear and is almost unreal in how horrible it is, The god that holds you over the pit of hell; much as one holds a spider, or some loathsome insect over a fire, abhors you and is dreadfully provoked(100). God is shown here to hold your afterlife in his hands and you are at his mercy and how he doesnt care much for anyone, as they have done nothing for him to make god care. Edwards use of fear and despair puts an image o f hell and scares the audience into going with what he says. Edwards tone changes from fear to an optimistic attitude with hope for the audiences afterlives, And now you have an extraordinary opportunity, a day wherein Christ has thrown the door of mercy wide open and stands in calling and crying with a loud voice too poor sinners(101). This optimistic ou...

Market Analysis Report

Market Analysis Report Market Analysis Report Market Analysis Report: What should You Know about It? Whether you are going to start new business, launch a new product or enter a new market, first of all, it is very important to make market analysis in order to find out the results of such actions. Other words, market analysis helps you forecast whether you will be successful or not. One should stress that your business future often depends on such study. That is why it is necessary for you to be able to make good market analysis. Thus, it becomes obvious why you have often to write different market analysis reports. What Is a Market Analysis Report? A market analysis report is the presentation of the results that you have obtained when studying a market situation. It should reflect the main steps that you took when study the problem. As a rule, a market analysis report should conta

Interview Essay Example | Topics and Well Written Essays - 1000 words - 2

Interview - Essay Example The organization is committed to promote and reward safe behavior. In addition, the management of the organizations tries to educate all the employees in healthy and safety procedures. How do you manage health and safety of the employees within the workplace? Accidents and workplace hazards are always preventable. The organization works hard to improve the workplace safety performance to provide hazard free workplace environment to all the employees. The organization continuously gives priority to the good health and safety of the employees. Coca Cola Enterprise constantly monitors health and safety performance in order to ensure effective improvement. In addition, effective risk and hazard management process helps the organization to eliminate the possibilities and impact of several calamities and hazards. What are the initiatives that have been taken by the organization? The manufacturing and distribution sites of Coca Cola Enterprise avail several efficient representatives regardi ng the health and safety aspect of the employees. They management representative used to discuss about several aspects of occupational health and safety aspect in a committee or a meeting. It helps the representatives to organize and monitor effective OSHA programs. Each and every employee of the organization is treated in similar way. The organization has reduced lost time injury frequency significantly through these processes. How do you monitor workplace health and safety performance? It is true that health and safety performance is one of the major business indicators of Coca Cola Enterprise. The management of the organization generally reviews the performance of both corporate and site level. The safety manager of the organization provides the results to the senior management team on half-yearly basis. All of the manufacturing and distribution sites of Coca Cola Enterprise try to meet the safety and health management standards of both Coca Cola System and Coca Cola Enterprise. Moreover, these sites avail inclusive emergency response procedures. The organization already avails written codes of procedures, review processes and practice in order to ensure the compliance with the policies and regulatory requirement of the organization. In addition, all of the manufacturing and distribution sites of Coca Cola Enterprise have been certificated to the OHSAS 18001. What is the vision of Coca Cola Great Britain about health and safety in workplace? Coca Cola is one of the leading organizations in Britain. The organization always provides high priority to good health and safety of the employees. It is decided by the management that the organization will provide a 90 days of induction plan about health and safety policy to the new employees. Reflection and Learning It is clear from the above interview process that Coca Cola Enterprise in Great Britain gives superior priority to the health and safety aspects of the employees. Several leading organizations around the globe are trying to implement unique strategies to achieve potential competitive advantages. It is true that employees are the strongest assets of an organization. Therefore, majority of the leading global organizations try to retain their effective and potential employees. Potential and skilled employees are considered as the major business growth driver. However, Coca Cola Enterprise always tries to retain their effective employees by ensuring safe and healthy workplace environment. The federal government of US developed occupational health and