Prove or conversely disprove the inverse square law Essay

My aim of this experiment is to prove or conversely disprove the inverse square law, which simply states that the intensity of any point source, which spreads its influence equally in all directions without a limit to its range, will decrease in intensity inversely proportional to the square of the distance. Background information Research As first proposed by Isaac Newton when proposing his universal law of gravitation it became clear to him that the intensity of gravity would decrease according to the inverse of the square of the distance. This is the heart of the inverse square, which states for any point source, which spreads its influence equally in all directions without a limit to its range, will obey the inverse square law. Quite simply the inverse square law states that for sources emitted from a point the intensity will be deduced as the inverse of the square of the distance. You double the distance you reduce the intensity by a factor of 1/4. This has applications in electric fields, light, sound, gamma radiation, and gravity. All of these are expressed in the medium of a field. To explain the properties involved in a field it is useful to use the idea of flux. When water flows form a ‘source’ to a sink it is transferred at a certain rate, or flux. The flux density will be the mass of water per second crossing a unit area perpendicular to the flow. We can think of energy density in a similar way. Energy flux density is normally referred to as intensity. Field strength and energy flux density are related. The strength of a field will fall off proportionally. The idea of flux can be applied to fields in which there is no obvious evidence for anything actually being transferred, such as static electrical fields, gravitational fields and magnetic fields. The mathematics that model flux are the same whatever the field. Generally this can be summed up in a formula which states the intensity at a point on a sphere of influence will be deduced by the source strength divided by 4 times pi times the radius squared, where this is the surface area over which the initial source has spread it’s influence. I = S / 4? r2 This formula manifests itself in a variety of ways when put into context. When applied to gravity the formula to show the acceleration due to gravity at the surface of a body is, 4? GM = Intensity at the surface of sphere of influence. Where G is the gravitational constant, M the mass of the object, and r the distance from the centre point. By cancelling out the 4? section we are left with the more elegant formula, GM = acceleration due to gravity r2 Where acceleration due to gravity would be equivalent to the intensity of the source. As the distance is doubled, the intensity is reduced by a factor of 4. So theoretically gravity obeys the inverse square law. When applied to sound we get the formula, P = I 4? r2 Where P is the source power, I the intensity at surface of sphere, and r the distance from the source power. So again we see that as we double the distance we reduce the intensity by a factor of 4. The differce here that as sound is not of ethereal nature it is affected by its surroundings and only works without reflections, or reverberations. The behaviour of point charges in an electrostatic field will obey coulombs law, which in turn obeys the inverse square law. The formula here is, Q = E 4 0 r2 Where Q/? 0 is the source strength, E is the strength of the electrostatic field, and r is the distance. So again we see that as the distance is doubled, the intensity of the field is reduced by a factor of four.

Social jugdement in mary shelley’s frankenstein; an analytical approach

Throughout the story you find that a man named Frankenstein has the desire to create another human being. After his creation was over with he says, â€Å"I had desired it with an ardour that far exceeded moderation; but now that I had finished, the beauty of the dream vanished, and breathless horror and disgust filled my heart†(Shelley 1).   He abandons this creature when it needs him the most. â€Å"Frankenstein's original reasons for creating life from dead parts are noble. He wants to help mankind conquer death and diseases. But when he reaches the goal of his efforts and sees his creature and its ugliness, he turns away from it and flees the monstrosity he has created. Mary Shelley seems not to condemn the act of creation but rather Frankenstein's lack of willingness to accept the responsibility for his deeds. His creation only becomes a monster at the moment his creator deserts it† (Shelley 3) To the creature Frankenstein is his father and when he left him, he felt neglected and abandoned, not knowing how to take care of himself. So he left not knowing where he would go or how he would survive. He abandoned his creature as if it were an animal. â€Å"Every day, a significant number of people abandon animals in the world today. They are animals who are not equipped to survive on their own. On their own, they starve or freeze to death† (Shelley 2). â€Å"Frankenstein is not willing to fully take the role of the mother of his â€Å"child.† Immediately after its birth he leaves his child and thereby evades his parental duty to care for the child† (Shelley 3).   In today's society people neglect and abandon there children like there nothing. When Frankenstein abandoned his creature he didn't even think how the creature felt, he just deserted him. â€Å"The Monster appears to be an almost perfect creation (apart from his horrible appearance), who is often more human than humans themselves. He is benevolent (he saves a little child; he helps the De Lacey family collecting firewood), intelligent and cultured (he learns to read and talk in a very short time; he reads Goethe's Werther, Milton's Paradise Lost and Plutarch's works). The only reason why he fails is his repulsive appearance. After having been rejected and attacked again and again by the people he runs into only because of his horrible physiognomy, the Monster, alone and left on his own, develops a deadly hatred against his creator Frankenstein and against all of mankind. Therefore only society is to blame for the dangerous threat to mankind that the Monster has become. If people had adopted the Monster into their society instead of being biased against him and mistreating him he would have become a valuable member of the human society due to his outstanding physical and intellectual powers†( Shelley 3). His hatred grew from neglect and abandonment. Every person he came in contacted with immediately hated him. Nobody could look past his horrified appearance to see what was inside. His hatred then turned into revenge against his creator. The creature wanted Frankenstein to feel what he feels. The concept of Social Judgement in the Novel: Frankenstein by Mary Shelley is a complex novel that was written during the age of Romanticism. It contains many typical themes of a common Romantic novel, such as dark laboratories, the moon and a monster; however, Frankenstein is anything but a common novel. Many lessons are embedded into this novel, including how society acts towards anything different. The monster fell victim to the system commonly used by society to characterize a person by only his or her outer appearance. Whether people like it or not, society always summarizes a person's characteristics by his or her physical appearance. Society has set an unbreakable code that individuals must follow to be accepted. Those who don't follow the â€Å"standard† are hated by the crowd and banned for the reason of being different. When the monster ventured into a town†Ã¢â‚¬ ¦ [Monster] had hardly placed [his] foot within the door †¦children shrieked, and †¦women fainted† (Shelley 101). From that moment on he realized that people did not like his appearance and hated him because of it. If the villagers hadn't run away at the sight of him, then they might have even enjoyed his personality. The monster tried to accomplish this when he encountered the De Lacey family. The monster hoped to gain friendship from the old man and eventually his children. He knew that it could have been possible because the old man was blind; he could not see the monster's repulsive characteristics. But fate was against him and the â€Å"wretched† had barely conversed with the old man before his children returned from their journey and saw a monstrous creature at the foot of their father attempting to do harm to the helpless elder. â€Å"Felix darted forward, and with supernatural force tore [the creature] from his father†¦Ã¢â‚¬  (Shelley 129). Felix's action caused great inner pain to the monster. He knew that his dream of living with them â€Å"happily ever after† would not happen. After that bitter moment, the monster believed that â€Å"†¦the human senses are insurmountable barriers to our union [with the monster]† (Shelley 138).   And with the De Lacey encounter still fresh in his mind along with his first encounter of humans, he declared war on the human race. The wicked being's source of hatred toward humans originates from his first experiences with humans. In a way, the monster started out with a child-like innocence that was eventually shattered by being constantly rejected by society time after time. His first encounter with humans was when he opened his yellow eyes for the first time and witnessed Victor Frankenstein, his creator, â€Å"†¦rush out of the [laboratory]†¦Ã¢â‚¬  (Shelley 56). This wouldn’t have happened if society did not consider physical appearance to be important. If physical appearance were not important, then the creature would have had a chance of being accepted into the community with love and care. However, society does believe that physical appearance is important and it does influence the way people act towards each other. Frankenstein should have made him less offensive if even he, the creator, could not stand his disgusting appearance. There was a moment, however, when Frankenstein â€Å"†¦was moved†¦Ã¢â‚¬  (Shelley 139).   By the creature. He â€Å"†¦felt what the duties of a creator†¦Ã¢â‚¬  (Shelley 97), where and decided that he had to make another creature, a companion for the original. But haunting images of his creation, from the monster's first moment of life, gave him an instinctive feeling that the monster would do menacing acts with his companion, wreaking twice the havoc. Reoccurring images of painful events originating from a first encounter can fill a person with hate and destruction. We, as a society, are the ones responsible for the transformation of the once child-like creature into the monster we all know. We all must come to the realization that our society has flaws that must be removed so that our primal instincts do not continue to isolate and hurt people who are different. We have entered a new millennium with tremendous technological resources at our disposal. Why do we still cling to such primitive ways of categorizing people? Rà ©sumà ©: Mary Shelley made an anonymous but powerful debut into the world of literature when Frankenstein, or The Modern Prometheus was published in March, 1818. She was only nineteen when she began writing her story. She and her husband, poet Percy Bysshe Shelley, were visiting poet Lord Byron at Lake Geneva in Switzerland when Byron challenged each of his guests to write a ghost story. Settled around Byron's fireplace in June 1816, the intimate group of intellectuals had their imaginations and the stormy weather as the stimulus and inspiration for ghoulish visions. A few nights later, Mary Shelley imagined the â€Å"hideous phantasm of man† who became the confused yet deeply sensitive creature in Frankenstein. She once said, â€Å"My dreams were at once more fantastic and agreeable than my writings.† While many stage, television, and film adaptations of Frankenstein have simplified the complexity of the intellectual and emotional responses of Victor Frankenstein and his creature to their world, the novel still endures. Its lasting power can be seen in the range of reactions explored by various literary critics and over ninety dramatizations. Although early critics greeted the novel with a combination of praise and disdain, readers were fascinated with and a bit horrified by the macabre aspects of the novel. Interestingly, the macabre has transformed into the possible as the world approaches the twenty-first century: the ethical implications of genetic engineering, and, more recently, the cloning of livestock, find echoes in Shelley's work. In addition to scientific interest, literary commentators have noted the influence of both Percy Shelley and William Godwin (Mary's father) in the novel. Many contemporary critics have focused their attention on the novel's biographical elements, tracing Shelley's maternal and authorial insecurities to her very unique creation myth. Ultimately, the novel resonates with philosophical and moral ramifications: themes of nurture versus nature, good versus evil, and ambition versus social responsibility dominate readers' attention and provoke thoughtful consideration of the most sensitive issues of our time. Sources Cited http://www.indigorescue.org/Abandonment.html http://members.aon.at/frankenstein/frankenstein-novel.htm Shelley, M.   Frankenstein. 1818.               

The use of surveying in mapping features within the physical Landscape Essay

The use of surveying in mapping features within the physical Landscape - Essay Example vides valuable botanical and faunal samples to compare with the mapping images to make it possible to arrive at right conclusions whether different land use systems were in vogue in these landscapes. These scenarios inevitably necessitated field surveys to either support, or to provide certainty to the veracity of digital mapping data bases. The science of land forms with emphasis on their origin, evolution, form, and distribution across the physical landscape is called geomorphology. The techniques employed to study geomorphology and landscape features include aerial photographic interpretation, field study of soil profiles; off-site sampling and analysis of extensive Paleolithic items; paleo-biological analysis, and drawing of paleo-geography. Ultimately, the entire study will be placed within the given physical landscape using images along with GIS (Geographical Information System) systems. The study of features within the physical landscape includes investigation of its structure, development, and character. Geomorphologists, including many European practitioners have employed several methods to research and develop methods to illustrate features of earth’s physical surface. In 1899, Albert Heim undertook a balloon flight over the Alps to conduct observations and take aerial photographs to study the landscape . In spite of all attempts by physiographers to provide qualitative descriptions and diagrams to provide accurate Maps provide historical information about landscape changes. Today’s many landscapes are the result of factors like river corrections. The hydraulic works have completely modified the geomorphological behavior of rivers that allowed extensive agriculture and later on commercial activities and urbanization. The analysis of landscape changes cannot be undertaken by using historical maps alone without field survey. After all, maps are only representations of earlier realities and are static; they do not take landscape dynamics into account.

Statistics Project Work Essay Example | Topics and Well Written Essays - 1250 words

Statistics Project Work - Essay Example 2 Coefficients(a) Model Unstandardized Coefficients Standardized Coefficients t Sig. 95% Confidence Interval for B B Std. Error Beta Lower Bound Upper Bound 1 (Constant) 19.212 2.953 6.505 .000 12.981 25.443 GDP per Capita 7.072E-05 .000 .243 1.028 .318 .000 .000 Price Inflation .103 .401 .061 .258 .800 -.742 .949 a Dependent Variable: Savings Rate SR = 19.212 + 0.0000707(GDP) + 0.103(PINF) + u ‘u’ is the noise- an identically and independently distributed (iid) random variable. i) b0, the intercept would be expected to assume a positive sign; b1, the coefficient of GDP is expected to have a positive sign since GDP is intended to contribute positively to the ability of a nation to save; b2, the coefficient of price inflation is expected to have a negative coefficient since inflation has a negative contribution to the ability of a nation to save. ii) The marginal propensity to consume is worked out when disposable income and change in consumption are both available in a d ataset. The disposable income is in this case the amount left after the individual has spent out on all the essential needs. It could be equated to the savings rate. Therefore using the above obtained equation we can formulate it to be: SR = 19.212 + 0.0000707(GDP) + 0.103(PINF) + u iii) b0 is positive (19.212). This value has an impact on the general values obtained using the model, though not necessarily on b1 and b2 since the model was developed from a purely randomized data- the GDP, SR and PINF for any country are the products of many other factors that cannot be controlled with certainty (Wood, Hewlin & Lah, 2011). iv) The ‘u’ term in these equations stands for the noise (the uncontrollable random variable) whose nature is random and unpredictable. 3. ANOVA(b) Model Sum of Squares df Mean Square F Sig. 1 Regression 85.335 2 42.667 .612 .554(a) Residual 1184.575 17 69.681 Total 1269.910 19 a Predictors: (Constant), Price Inflation, GDP per Capita b Dependent Variab le: Savings Rate Coefficients(a) Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 19.212 2.953 6.505 .000 GDP per Capita 7.072E-05 .000 .243 1.028 .318 Price Inflation .103 .401 .061 .258 .800 a Dependent Variable: Savings Rate Both the GDP per Capita and the tice inflation (PINF) have positive coefficients, which means that they contribute positively to the ability of the nationals to save. The situation is as real as it happens in real sense. Model Summary Model R R Square Adjusted R Square Std. Error of the Estimate 1 .259(a) .067 -.043 8.34751 a Predictors: (Constant), Price Inflation, GDP per Capita From the adjusted R-square statistic, it is noted that only 4.3% of the variation in the ability of nationals to save can be explained by the two independent variables together (GDP per capita and price inflation of commodities). This is a clear indication that there are other more powerful determinants of the the ability of a nation to save. The unrepresented factors account for as much as 95.7% of the total variation observed. 4. Descriptive Statistics N Std.

Case Study Analyses Essay Example | Topics and Well Written Essays - 750 words

Case Study Analyses - Essay Example Wal-Mart is a business which over the years has empowered the employees to be able to live a better life, this was especially so in the earlier days when Wal-Mart was in its full glory. To begin with, being a large organisation helped the employees to have job security because it was harder to lose their job in a large organisation such as Wal-Mart. However, it is necessary to note that this seems to have changed since in the recent days, Wal-Mart has had various issues with its employees where many employees complain of being overworked, underpaid and that they don’t have job security anymore. The Wal-Mart Way is the strategy which Wal-Mart uses in doing its retail business. The Wal-Mart way has helped the firms to become a colossal success and this success in turn affects the employees and the associates by empowering them. The absence of Sam has however meant that the employees and the associates are no longer as advantaged as they used to be. Wal-Mart can be seen as the pi oneer in corporate social responsibility. Sam had a genuine sense of responsibility towards the stakeholders and especially the communities in which his business operated. These early stances on corporate social responsibility can indicate that Wal-Mart’s core values are geared towards responsible business which looks at the interests of all the stakeholders. The Buy American stance for instance is a good example because by implementing this idea, Wal-Mart was getting a disadvantage because it had to buy more expensive goods from the local manufacturers while its competitors continued buying cheaper goods from overseas manufacturers. If Wal-Mart was doing this just to entice the customers, it could have given up later but instead of that, it stuck on its policy. The effect of Wal-Mart on the smaller merchants does not neutralise the advantages of the firm’s corporate responsibility because Wal-Mart does not owe anything to these merchant as long as it applies ethical r ules of competition. With regard to the closure of the stores, Wal-Mart, just like any other employer, owes it to the employees to provide safe and secure employment. There is no employee who doesn’t want to know that their jobs are secure and that they will not wake up one day and find that they no longer have any their jobs. In this regard, Wal-Mart owes it to the employees to make sure that their jobs are secured and that they will not suffer trying to look for other jobs. With regard to the loyal customers, Wal-Mart also has a responsibility because these customers were used to getting the services of Wal-Mart. In a modern world, customers’ lives are moulded by the services they get from businesses like Wal-Mart and when they receive these services for long enough, their lives are highly dependent on these services and if these services are removed, the customers are affected. This is why firms like Wal-Mart have the responsibility to do whatever it takes to ensure the continuity of these services and therefore Wal-Mart owes it to these customers to continue offering the services. The competitors in some cities have secretly hired consultants to block Wal-Mart from entering these cities. This is not fair business and it breaks all rules of business competition ethics. This is very

Life is like mountain climbing Essay Example | Topics and Well Written Essays - 750 words

Life is like mountain climbing - Essay Example The air and the atmosphere is equally beautiful and enriching. The overall experience has enabled me interacting and coming across new people and getting to exchange views on various topics. People from all walks of life head there. Even the elders head there and show their resolve to valuing the natural beauty. The mountain ranges have short term stay points in there and I resort to them during my hiking experience every time I get tired. Finally when I reach the top of the mountain, it is one real soothing experience and it gives a panoramic view of the surroundings and everything appears so small yet so beautiful. The very scene reminds me of the old time adage which states that "When you get to the very top of the mountain, all the other hills will be smaller". At this point, one feels a sense of accomplishment and acknowledgement altogether. During the nice experience I often come across the individuals who give up on the initial hard work that is attached to it. The overall experience of climbing through the mountains can be correlated to that of life observation and experiences. It tells of how different processes are undertaken such as educational pursuit, individual struggle, overcoming negativity and various other similar facets of life. Life, like the mountain is a constant challenge and a up way directed concept. Just as those people who give up on hope, cannot climb the mountains, the same way, the people in life who do not brace up the challenges and hardships cannot go on. This struggle and this activity in itself is the beauty of life and living. Those people who show courage overcome the obstacles such as surmounting the mountains. It is through this self believe that people overcome the challenges of life. This courage enables them overcoming all the obstacles and challenges faced by them. Those people who through their hard work make it to the mountains and through the obstacles of life make full use of their time, their energy and also

Constitutional and Administrative Law Essay Example | Topics and Well Written Essays - 2000 words

Constitutional and Administrative Law - Essay Example A majority of nations have gone through an occurrence which caused them to depart with history affording them the prospect of codifying their constitutional system. However, Britain is unique in this aspect as the British constitution is a consequence of steady progression and transformation rather than a conscious attempt to devise an absolute arrangement of constitution and government (Raphael, 2004). Nonetheless, it is apparent that Britain possesses a constitution which categorizes statutes and systems involving the primary institutions of the state. However, many scholars contend that the absence of a codified constitution results to a power 'vacuum,' a vacuity seized by the legislative supremacy of the Parliament. Although the branches of the British government comprise of the legislature, the executive, and the judiciary, there is an overlap in power and functions between the branches, as a formal division of powers or system of checks and balances, is absent (Burnett, 2002). The Lord Chancellor, for instance, is a constituent of all the three branches concurrently serving as a member of the cabinet, the legislative and the judiciary. The British Parliament, composed of the monarch, the House of Lords, comprised largely of appointed members, and the House of Common whose members are elected, is the most sovereign This sovereignty of the Parliament is evident in its 'legislative enactments', binding on each and every one, although the British citizens could dispute the legality of a particular act under a specific decree in th e courts (Burnett, 2002). A. V. Dicey made this clear when he stated that, 1The principle of Parliamentary sovereignty means neither more nor less than this, namely, that Parliament thus defined has, under the English constitution, the right to make or unmake any law whatever; and, further, that no person or body is recognised by the law of England as having a right to override or set aside the legislation of Parliament. The entire political authority resides on the prime minister and the cabinet, and the monarch must operate on their counsel. The prime minister selects the cabinet from MPs, coming from his political party and a great number of cabinet ministers head the departments of the government. The prime minister's power was augmented in the 20th century as sometimes, acting alone or with another colleague in the parliament, the prime minister has made and created decisions and pronouncements formerly made by the cabinet all together. This does not mean though, that Prime ministers have not been overruled by the cabinet on various instances. In fact, Prime Ministers must generate the support of the cabinet to exercise their authority more effectively (Maitland, 1908). This idea of the parliament was referred to as the 2 "twin pillars" of the constitution by A.V. Dicey, in his treatise An Introduction to the Study of the Law of the Constitution (1885). Dicey asserts that the constitution is founded

Introduction to Economics Essay Example | Topics and Well Written Essays - 1500 words

Introduction to Economics - Essay Example This relationship can be illustrated graphically using demand curves. As such, this essay seeks to describe the differences between shifts in demand and movements along the demand curve. It also seeks to explain the factors which can shift the demand curve and why they cause the demand curve to shift. Basically, a demand curve is a curve that shows that the number of units the market will buy in a given period at different prices that might be charged (Kotler &Armstrong, 2004). This curve is downward sloping graph and change in the demand curve can be in the form of movement along the demand curve and shift in the demand curve. Price variable is the main factor that determines the demand of a particular good or service (Benassy, 1988). Thus, the law of demand states that the higher the price, the lower the demand of the goods. This means that few people will buy products that have a high price and more people will be willing to buy products if the price is low. As a result, when pric e changes, there will be movement along the demand curve as illustrated in Figure 1 below. ... For instance, at point C, the quantity of products (Q3) demanded is high because the price (P1) is low. On the other hand, the quantity of products demanded (Q1) is lower because the price (P1) is higher. It can therefore be said that there is a strong relationship between the price of the product and its demand. As such, the movement along the demand curve can be downwards or upwards. According to (Graves & Sexton, 2006), a change in a demand shifting variable such as income will result in a parallel shift in the demand curve. A shift in the demand curve is mainly caused by the other non price variables such as income as well as changing tastes among the consumers. This means that the demand of a particular product can shift even if the price remains the same. For instance, if the income for consumers who buy food from fast food restaurants increase, there will also likely to be a shift in demand given that the majority of them will now be able to afford the food offered. In this ca se, the demand curve will shift to the right which shows that there has been an increase in demand even though the price remains the same. If their income decreases, then the demand curve will shift to the right. Changing consumer tastes can also cause a shift in the demand curve. For instance, regardless of the price, the demand of smart phones is growing considerably during the current period given that the customers seek to derive valuable benefits from the products offered. Smart phones have multimedia functions that are desired by the customers. The demand curve shifts to the right. Figure 2 below illustrates the shift in the demand curve for beer. Figure 2 Source: http://www.investopedia.com/university/economics/economics3.asp In this graph, it can be seen that

Report of 500 words explaining the backgroung and history of APPLE Essay

Report of 500 words explaining the backgroung and history of APPLE COMPANEY - Essay Example History, 2008). The first graphical user interface was developed by the Xerox Corporation at their Palo Alto Research Center (PARC) in the 1970s. Steve Jobs visited Xerox Corporation and impressed by the GUI technology developed by Xerox, Steve bought Xerox Corporation in 1979 (Bellis, 2010). Lisa, the first commercial personal computer to employ a graphical user interface (GUI) was introduced by Apple in 1983. In fact Lisa was the first personal computer which introduced the mouse option for computers. Macintosh operating system was introduced in 1984. Portable computers or the PowerBook series was introduced by Apple in 1991. Because of the stiff competition from Microsoft and the resignation of its charismatic leader Steve from the CEO post, Apple Company faced many challenges in the 1990’s. In 1996, February, Apple gave license to Motorola to use their Mac OS. This is the first time when Apple gave sublicense to any other companies to use their Mac Operating System (History of Apple, 2007). â€Å"With the release of the iMac on August 15, 1998 Apple was able to put to rest some its past failures† (Dougherty, 2010). The introduction of the â€Å"i† series products like iMac, iphone, ipods, ipads etc during the latter part of 1990’s and in the early part of 2000 and the return of Steve as the CEO again in the latter part of 1990’s helped Apple to regain its lost market share. Steve has realized that in order to compete more effectively with the arch rival Microsoft, Apple needs some new challeng ing products apart from computers and operating system. The introduction of ipod music player in 2001 helped Apple to regain its lost customer base, especially the youth segment. Kim (2010) has pointed out that Apple Inc is currently the world’s second best company, just behind Exxon Mobil, as far as market capitalization is concerned (Kim, 2010). Moreover, Apple is the number one

What are the effects of Globalization on Poverty and Inequality Research Paper

What are the effects of Globalization on Poverty and Inequality worldwide - Research Paper Example In addition , since it brings with it more fast domestic fiscal transformation, globalization can be troublemaking and can create losers and at the same time winners. It there are no additional causes than these, globalization remains the subject matter which there is a lot of debate. There seems to be an extensive conformity that global inequality broadened for much of the past two to three centuries, and the total number of populace living in excessive poverty augmented although the percentage in extensive poverty reduced over this period. Since 1980, however, there is a little proof that these tendencies have not continued, and may in reality have kept back. There have been two significant tendencies from 1980. Foremost of this has been an increase of rate in growth in a lot of the most populous nations in the globe, predominantly the Asian nations for instance, India and China. These nations which were amongst the poorest in the globe as in recent times as 1980, have all developed rapidly as compared to the developed nations, in terms of per capita. Fundamentally, as a result of this improved fiscal performance in the populous nations, the most meagre one fifth of nations in 1980 had a populace weighted yearly per capita rate of growth of 4 percent for close to seventeen years since 1980, contrasted with 1.8 percent for the wealthiest fifth of nations over the same time frame, as David Dollar indicates. The experience of the most rapid growth taking place in the most meagre nations is a novel one, in any case in modern times, with the rates of growth for this particular group of nations in the previous twenty years that is 1960-1980 bei ng 1.9 percent for the meagre faction and 3.2 percent for the wealthy faction. ... experience of the most rapid growth taking place in the most meagre nations is a novel one, in any case in modern times, with the rates of growth for this particular group of nations in the previous twenty years that is 1960-1980 being 1.9 percent for the meagre faction and 3.2 percent for the wealthy faction. The second and a lot more challenging tendency have been the constant poor fiscal performance of a lot of nations in Africa, with a number of nations experiencing turn downs in average standards of living, not only comparative to the wealthy nations, however, in complete terms. These two contrasting tendencies have had significant repercussions for poverty and inequality globally over the years. Global economic incorporation has been continuing for an extraordinarily long time. As a matter of fact, globalization is not anything new. What is new in the current wave of globalization is the manner in which countries that are developing are incorporating with wealthy nations (Basu, 2008). As in prior waves of incorporation, this transformation is influenced partially by intentional policy decisions. A number of the debates regarding globalization concerns it impact on meager nations and poor individuals. The most significant aspect is that the reduction of poverty in nations with low incomes is extremely closely connected to the GDP growth rate. The speeded up development of low income nations has brought about exceptional reduction in poverty. By poverty, it refers to existing below a number of total thresholds. A lot of poverty evaluations are performed with a nations’ individual line of poverty, which are set in nation context and logically are at variance. A lot of exceedingly poor persons globally are peasants, and they exist to a broad extent on their

International Journal of Accounting and Financial Essay Example for Free

International Journal of Accounting and Financial Essay ABSTRACT The role of Indian mutual fund industry as significant financial service in financial market has really been noteworthy. In fact, the mutual fund industry has emerged as an important segment of financial market of India, especially in channelizing the savings of millions of individuals into the investment in equity and debt instruments. Mutual funds are seemingly the easiest and the least stressful way to invest in the stock market. Quiet a large amount of money has been invested in mutual funds during the past few years. Any investor would like to invest in a reputed Mutual Fund organization. Mutual funds are financial intermediaries concerned with mobilizing savings of those who have surplus and the canalization of these savings in those avenues where there is a demand for funds. These intermediaries employ their resources in such a manner as to provide combined benefits of low risk, steady return, high liquidity and capital appreciation through diversification and expert management. Reforms in the  Indian economic system and the opening up of the economy have been the reasons for the tremendous growth in the Indian capital market. This study analyzes the impact of different demographic variables on the attitude of investors towards mutual funds. Apart from this, it also focuses on the benefits delivered by mutual funds to investors. To this end, 200 respondents of Solapur City, having different demographic profiles were surveyed. The study reveals that the majority of investors have still not formed any attitude towards mutual fund investments. KEYWORDS: Mutual Fund, Investors, Solapur City INTRODUCTION Mutual fund is a pool of money collected from investors and is invested according to certain investment options. A mutual fund is a trust that pools the saving of a no. of investors who share a common financial goal. A mutual fund is created when investors put their money together. It is, therefore, a pool of investor’s fund. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciations realized are shared by its unit holders in proportion to the no. of units owned by them. The most important characteristics of a fund are that the contributors and the beneficiaries of the fund are the same class of people namely the investors. The term mutual fund means the investors contribute to the pool and also benefit from the pool. The pool of funds held mutually by investors is the mutual fund. A mutual fund business is to invest the funds thus collected according to the wishes of the investors who created the pool. Usually the investor’s appoint professional investment managers create a product and offer it for investment to the investors. This project represents a share in the pool and pre status investment  Pritam P. Kothari Shivganga C. Mindargi  objectives. Thus, a mutual fund is the most suitable investment for a common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at relatively low cost. EVOLUTION OF INDIAN MUTUAL FUND INDUSTRY The formation of Unit Trust of India marked the evolution of the Indian mutual fund industry in the year 1963. The primary objective at that time was to attract the small investors and it was made possible through the collective efforts of the Government of India and the Reserve Bank of India. The history of mutual fund industry in India can be better understood divided into following phases: Establishment and Growth of Unit Trust of India 1964-87 Unit Trust of India enjoyed complete monopoly when it was established in the year 1963 by an act of Parliament. UTI was set up by the Reserve Bank of India and it continued to operate under the regulatory control of the RBI until the two were de-linked in 1978 and the entire control was transferred in the hands of Industrial Development Bank of India (IDBI). UTI launched its first scheme in 1964, named as Unit Scheme 1964 (US-64), which attracted the largest number of investors in any single investment scheme over the years. UTI launched more innovative schemes in 1970s and 80s to suit the needs of different investors. It launched ULIP in 1971, six more schemes between 1981-84, Childrens Gift Growth Fund and India Fund (Indias first offshore fund) in 1986, Mastershare (Inidas first equity diversified scheme) in 1987 and Monthly Income Schemes (offering assured returns) during 1990s. By the end of 1987, UTIs assets under management grew ten times to Rs 6700 crores. Entry of Public Sector Funds 1987-1993 The Indian mutual fund industry witnessed a number of public sector players entering the market in the year 1987. In November 1987, SBI Mutual Fund from the State Bank of India became the first non-UTI mutual fund in India. SBI Mutual Fund was later followed by Canbank Mutual Fund, LIC Mutual Fund, Indian Bank Mutual Fund, Bank of India Mutual Fund, GIC Mutual Fund and PNB Mutual Fund. By 1993, the assets under management of the industry increased seven times to Rs. 47,004 crores. However, UTI remained to be the leader with about 80% market share. 1992-93 UTI Public Sector Total Amount Mobilised 11,057 1,964 13,021 Assets Under Management 38,247 8,757 47,004 Mobilisation as % of Gross Domestic Savings 5.20% 0.90% 6.10% Emergence of Private Secor Funds 1993-96 The permission given to private sector funds including foreign fund management companies (most of them entering through joint ventures with Indian promoters) to enter the mutal fund industry in 1993, provided a wide range of choice to investors and more competition in the industry. Private funds introduced innovative products, investment techniques and investor-servicing technology. By 1994-95, about 11 private sector funds had launched their schemes. Growth and SEBI Regulation 1996-2004 The mutual fund industry witnessed robust growth and stricter regulation from the SEBI after the year 1996. The mobilization of funds and the number of players operating in the industry reached new heights as investors started showing more interest in mutual funds. A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City Investors interests were safeguarded by SEBI and the Government offered tax benefits to the investors in order to encourage them. SEBI (Mutual Funds) Regulations, 1996 was introduced by SEBI that set uniform standards for all mutual funds in India. The Union Budget in 1999 exempted all dividend incomes in the hands of investors from income tax. Various Investor Awareness Programmes were launched during this phase, both by SEBI and AMFI, with an objective to educate investors and make them informed about the mutual fund industry. Growth and Consolidation 2004 Onwards The industry has also witnessed several mergers and acquisitions recently, examples of which are acquisition of schemes of Alliance Mutual Fund by Birla Sun Life, Sun FC Mutual Fund and PNB Mutual Fund by Principal Mutual Fund. Simultaneously, more international mutual fund players have entered India like Fidelity, Franklin Templeton Mutual Fund etc. There were 29 funds as at the end of March 2006. This is a continuing phase of growth of the industry through consolidation and entry of new international and private sector players. Indian mutual fund industry reached Rs 1,50,537 crore by March 2004. It is estimated that by 2010 March-end, the total assets of all scheduled commercial banks should be Rs 40,90,000 crore. The annual composite rate of growth is expected 13.4% during the rest of the decade. In the last 5 years there is an annual growth rate of 9%. According to the current growth rate, by year 2010, Mutual fund  India assets will be double FEATURES THOSE INVESTORS LIKE IN MUTUAL FUND If mutual funds are emerging as the favorite investment vehicle it is because of the many advantages. They have over other forms and avenues of investing parties for the investors who has limited resources available in terms of Capital and ability to carry out detailed reserves and market monitoring. These are the major advantages offered by mutual fund to all investors: Professional Management Mutual Funds provide the services of experienced and skilled professionals, backed by a dedicated investment research team that analyses the performance and prospects of companies and selects suitable investments to achieve the objectives of the scheme. Diversification Mutual Funds invest in a number of companies across a broad cross-section of industries and sectors. This diversification reduces the risk because seldom do all stocks decline at the same time and in the same proportion. You achieve this diversification through a Mutual Fund with far less money than you can do on your own. Convenient Administration Investing in a Mutual Fund reduces paperwork and helps you avoid many problems such as bad deliveries, delayed payments and follow up with brokers and companies. Mutual Funds save your time and make investing easy and convenient. Return Potential Over a medium to long-term, Mutual Funds have the potential to provide a higher return as they invest in a diversified basket of selected securities. Pritam P. Kothari Shivganga C. Mindargi Low Costs Mutual Funds are a relatively less expensive way to invest compared to directly investing in the capital markets because the benefits of scale in brokerage, custodial and other fees translate into lower costs for investors Liquidity In open-end schemes, the investor gets the money back promptly at net asset value related prices from the Mutual Fund. In closed-end schemes, the units can be sold on a stock exchange at the prevailing market price or the investor can avail of the facility of direct repurchase at NAV related prices by the Mutual Fund Transparency You get regular information on the value of your investment in addition to disclosure on the specific investments made by your scheme, the proportion invested in each class of assets and the fund managers investment strategy and outlook Flexibility Through features such as regular investment plans, regular withdrawal plans and dividend reinvestment plans, you can systematically invest or withdraw funds according to your needs and convenience Affordability Investors individually may lack sufficient funds to invest in high-grade stocks. A mutual fund because of its large corpus allows even a small investor to take the benefit of its investment strategy. Well Regulated All Mutual Funds are registered with SEBI and they function within the provisions of strict regulations designed to protect the interests of investors. The operations of Mutual Funds are regularly monitored by SEBI. DISADVANTAGES OF MUTUAL FUNDS Above I have mentioned the various advantages of Mutual Funds but it also suffers from a lot of drawbacks as the market is volatile and it is ever affected by national as well as international factors, these days we can see that crude oil prices in International market has become an important factor  in determining the market movement. Here are some disadvantages as cited by me and by survey: Fluctuating Returns Mutual funds are like many other investments without a guaranteed return: there is always the possibility that the value of your mutual fund will depreciate. Unlike fixed-income products, such as bonds and Treasury bills, mutual funds experience price fluctuations along with the stocks that make up the fund. When deciding on a particular fund to buy, you need to research the risks involved just because a professional manager is looking after the fund, that doesn’t mean the performance will be always good Diversification Although diversification is one of the keys to successful investing, many mutual fund investors tend to over diversify. The idea of diversification is to reduce the risks associated with holding a single security; over diversification (also known as diversification) occurs when investors acquire many funds that are highly related and, as a result, don’t get A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City the risk reducing benefits of diversification. At the other extreme, just because you own mutual funds doesn’t mean you are automatically diversified. For example, a fund that invests only in a particular industry or region is still relatively risky. For example: Sect oral Funds Cash and More Cash As you know already, mutual funds pool money from thousands of investors, so everyday investors are putting money into the fund as well as withdrawing investments. To maintain liquidity and the capacity to accommodate withdrawals, funds typically have to keep a large portion of their portfolios as cash. Having ample cash is great for liquidity, but money  sitting around as cash is not working for you and thus is not very advantageous. Costs Mutual funds provide investors with professional management, but it comes at a cost. Funds will typically have a range of different fees that reduce the overall payout. In mutual funds, the fees are classified into two categories: shareholder fees and annual operating fees. The shareholder fees, in the forms of loads and redemption fees are paid directly by shareholders purchasing or selling the funds. The annual fund operating fees are charged as an annual percentage usually ranging from 1-3%. These fees are assessed to mutual fund investors regardless of the performance of the fund. As you can imagine, in years when the fund doesn’t make money, these fees only magnify losses. Figure 1: Structure of Mutual Fund A mutual is a set up in the form of trust, which has sponsor, trustee, assets management company (AMC) and custodian. Sponsor is the person who acts alone or in combination with another body corporate and establishes a mutual fund. Sponsor must contribute at least 40% of the net worth of the investment managed and meet the eligibility criteria prescribed under the Securities and Exchange Board of India (Mutual Funds) regulations, 1996. The sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the schemes beyond the initial contribution made by it towards setting up of Mutual Fund. The Mutual Fund is constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882 by the Sponsor. Trustee is usually a company (corporate body) or a board of trustees (body of individuals). The main responsibility of the trustee is to safeguard the interest of the unit holders and also ensure that AMC functions in the interest of investors’ and in accordance with the Securities and Exchange Board of India (Mutual Fund) Regulations 1996 the provisions of the Trust deed and the offer Document of the respective schemes. The AMC is appointed by the Trustees Pritam P. Kothari Shivganga C. Mindargi as the investment Manager of the Mutual Fund. The AMC is required to be approved by SEBI to act as an asset management company of the Mutual Fund. The AMC if so authorized by the Trust Deed appoints the Registrar and Transfer Agent to agent the mutual fund. The registrar processes the application form, redemption requests and dispatches account statements to the unit holders. The Registrar and Transfer agent also handles communications with investors’ and updates investor records. REVIEW OF LITERATURE Lenard et., al. (2003) empirically investigated investor’s attitudes toward mutual funds. The results indicate that the decision to switch funds within a fund family is affected by investor’s attitude towards risk, current asset allocation, investment losses, investment mix, capital base of the fund age, initial fund performance, investment mix, fund and portfolio diversification. The study reported that these factors are crucial to be considered before switching funds regardless of whether they invest in non-employer plans or in both employer and non-employer plans. Bollen (2006) studied the dynamics of investor fund flows in a sample of socially screened equity mutual funds and compared the relation between annual fund flows lagged performance in SR funds to the same relation in a matched sample of conventional funds. The result revealed that the extra-financial SR attribute serves to dampen the rate at which SR investors trade mutual funds. The study noted that the differences between SR funds and their conventional counterparts are robust over time and persist as funds age. The study found that the preferences of SR investors may be represented by conditional multi-attribute utility function (especially when SR funds deliver positive returns). The study remarked that mutual fund companies can expect SR investors to be more loyal than investors in ordinary funds. Walia and Kiran (2009) studied investor’s risk and return perception towards mutual funds. The study examined investors perception towards risk involved in mutual funds, return from mutual funds in comparison to other financial avenues, transparency and disclosure practices. The study investigated  problems of investors encountered with due to unprofessional services of mutual funds. The study found that majority of individual investors doesn’t consider mutual funds as highly risky investment. In fact on a ranking scale it is considered to be on higher side when compared with other financial avenues. The study also reported that significant relationship of interdependence exists between income level of investors and their perception for investment returns from mutual funds investment. Saini et., al. (2011) analyzed investor’s behavior, investors’ opinion and perception relating to various issues like type of mutual fund scheme, its objective, role of financial advisors / brokers, sources of information, deficiencies in the provision of services, investors’ opinion relating to factors that attract them to invest in mutual and challenges before the Indian mutual fund industry etc. The study found that investors seek for liquidity, simplicity in offer documents, online trading, regular updates through SMS and stringent follow up of provisions laid by AMFI. Singh (2012) conducted an empirical study of Indian investors and observed that most of the respondents do not have much awareness about the various function of mutual funds and they are bit confused regarding investment in mutual funds. The study found that some demographic factors like gender, income and level of education have their significant impact over the attitude towards mutual funds. On the contrary age and occupation have not been found influencing the investor’s attitude. The study noticed that return potential and liquidity have been perceived to be most lucrative benefits of investment in mutual funds and the same are followed by flexibility, transparency and affordability. STATEMENT OF THE PROBLEM Mutual funds have their drawbacks and may not be for everyone. No investment is risk free. If the entire stock market declines in value, the value of mutual fund shares will go down as well, no matter how balanced the portfolio. A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City Investors encounter fewer risks when they invest in mutual funds than when they buy and sell stocks on their own. However, anyone who invests through a mutual fund runs the risk of losing money. All funds charge administrative fees to cover their day-to-day expenses. Some funds also charge sales commissions or â€Å"loads† to compensate brokers, financial consultants, or financial planners. When he invests in a mutual fund, they depend on the fund’s manager to make the right decisions regarding the fund’s portfolio. If the invests in Index Funds, they foregoes management risk, because these funds do not employ managers. Though these are the problems in the investment of mutual funds, in the recent days most of the investors preferred to invest their funds on mutual funds. In this background, the research has made an attempt to study the investors’ preference for mutual funds in Solapur City. LIMITATIONS OF THE STUDY The present study is based upon the results of survey conducted on 200 mutual fund investors. The implications of the study are subject to the limitations of sample size, psychological and emotional characteristics of surveyed population. SCOPE OF THE STUDY This paper provides Future of Mutual Funds industry information as well as awareness level amongst people for Mutual Funds. Also this project report of Mutual Funds gives an outlook to management as to how the mutual funds are performing in the current market situation as a result what may be the future of this industry. This paper on mutual funds is informative the students who want to understand and undertake assignments in the industry. This study also facilitates the general people who can understand the importance and explore the new option for investment in Mutual Funds. Different financial institutions provide services that are both complementary to and competitive with each other. A well built financial system directly contributes to the growth of the country. RESEARCH METHODOLOGY This study is descriptive in nature based on survey method. The study aims at finding out the attitude of the investors towards investment in mutual funds in Solapur city. This study was based mainly on primary sources. The primary data was collected from the investors of mutual funds with help of the questionnaire. The secondary data were collected from the books, records and journals. By adopting convenience sampling, 200 respondents were selected for this study. The essential data were collected with the help of questionnaire. The data collected from the period of January 2011 to April 2011. DATA ANALYSIS AND INTERPRETATION Figure: 2 Showing Pattern of Investment Pritam P. Kothari Shivganga C. Mindargi From above figure it is clear that 75% investors are invested in open ended schemes where as 15% invested in closed ended schemes in mutual fund. Figure: 3 Reason for Investment in Mutual Fund From above figure it is clear that and 42% investors say that they invested money in mutual fund for tax assumption. 33% investors say that they invested money in mutual fund for higher returns. 16% investors say that they invested money in mutual fund for value creation in fund. 9% investors say that they invested money in mutual fund for other reason. Figure: 4 Showing the Reason of Investors that not Invested Money in Mutual Fund From above figure is clear that 50% investors say that they not interested to invest money in mutual fund. 33% investors say that they have imperfect knowledge in mutual fund, so they are not invested. 8.5% investors say that they invested in govt. bond. 8.5% investors has other reason so they not invested money in mutual fund. Figure: 5 Showing Type of Investment Investors Should be Preferred A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City From above figure it is clear that investors invest money in fixed deposits. 15 25% investors invest money in gold/real estates. 17% investors invest money in mutual fund. 8% investors invest money in bond/debentures. Remaining 17% investors invest money in shares. Figure: 6 Showing Returns Investor get from their Investment From above figure it is clear that 70% investors are gaining 5-15% returns from their investment. 23% are gaining 15-30% returns from their investment. 5% investors are gaining 30-45% returns from their investment. Remaining only 2% investors is gaining above 45% returns from their investment. Figure: 7 Showing Duration of Investment From above it is clear 80% investors are dealing in short term duration whereas 20% investors are dealing in long term duration. Figure: 8 Showing the Investors Experience in Mutual Fund Pritam P. Kothari Shivganga C. Mindargi From above figure it is clear that 73% investors say that they are having bad experience in mutual fund. 12% investors say that they are having good experience in mutual fund. Remaining 15% investors say that their experience is ok. FINDINGS AND SUGGESTIONS Findings †¢The trend for investment is changing rapidly besides the traditional pattern of investment and people today they are ready to undertake risk and also bear the volatility of changing mutual fund market scenario. †¢This shows that people with Middle Income Group are more attractive this market and are ready to bear the risk. †¢It is observed that 75% investors have invested open ended schemes that they want higher returns on their investment rather than investing in closed ended schemes in mutual fund. †¢It is observed that 42% investors have invested money for tax assumption.33% investors have invested money for higher returns in their investment.16% investors have invested money for value creation in fund. And remaining 9% investors have invested money for other reason. †¢It is observed that 50% investors have not interested to invest money in mutual fund.33% investors have imperfect knowledge so they not invested money in mutual fund.9% investors find govt. securities bond is better that’s way they not invested money in mutual fund. And remaining 8% investors have other reason so they not invested money in mutual fund. †¢It is observed that more businessmen were inclined towards investing in current account. The ladies were inclined to invest their money in Gold and jewelleries. Service class people and retired class people prefer more saving and fixed deposits People with high income. †¢It is observed that 70% investors have invested to getting returns in the range of 5-15% which shows in short span of time they are getting good returns and more than expectations. †¢It is observed that 80% investors have invested in short term duration which indicates the investors have not ready to invest in long term period due to various risks associated with long term duration of investment. †¢On asking how they get knowledge of mutual fund a large number of them attributed to print media. Even banks today follow the role of the investment advisors. Very few get any information from the e-media or Hence, AMCs must increase the awareness about their product through Electronic media (TVs, Cables, Radios etc.) as well as and should not just constrained itself to the print advertisement those who do not read newspaper. SUGGESTIONS Investor’s Point of View The question that entire customer, irrespective of the age group and financial status, think of is- Are mutual funds are a safe option? What makes them safe? The basis of mutual fund industry’s safety is the way the business is defined and regulation of law. Since the mutual fund invests in the capital market instruments, so proper knowledge is essential. Hence the essential requirement is well informed seller and equally informed buyer who  understands and helped them to understand the product (here we can say the capital market and the money market instruments) is the essential preconditions. A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City Being Prudent Investor One Should †¢Ask one’s agent to give details of different schemes and match the appropriate ones. †¢Go to the company records or the fund house regarding any queries if one is not satisfied by the agents. †¢Investors should always keep an eye on the performance of the scheme and other good schemes as well which are available in the market for the closed comparison. †¢Never invest blindly in the investments before going through the fact sheets, annual reports etc. of the company. Since, according to the Guidelines of SEBI The AMCs are bound to disclose all the relevant data that is necessary for the investment purpose of investors. Company’s (Mutual Fund Companies) Point of View  Following measures can be taken by the company for getting higher investments in the mutual fund schemes: †¢Educate the agents or the salesmen properly so that they can take up the queries of the customer effectively. †¢Set up separate customer care divisions where the customers can anytime pose their query, regarding the scheme or the current NAV etc. These customer care units can work out in accordance with the requirements of the customer and facilitates them to choose the scheme that suits their financial status. †¢Conduct seminars or programs about mutual fund where every information about the product is outlined including the risk factor associated with the different classes of assets. †¢Brokers should reduce the brokerage charges for intra day and delivery based so that the investor can save more amounts to generate extra investment for the investor as well as for the Mutual Fund companies. †¢Mutual Fund companies should try to increase the promotion and advertisement strategies for awareness of Mutual fund in solapur city. CONCLUSIONS The mutual fund industry is growing at a tremendous pace. A large number of plans have come up from different financial resources. With the stock markets oaring the investors are attracted towards these schemes. Only a small segment of the investors still in Mutual Funds and the main source  sources of information still are the financial advisors followed by advertisements in different media. The Indian investors generally invest over period of 2-3 years. Also there is a tendency to invest in fixed deposits due to the security attached to it. In order to excel and make mutual funds a success, companies still need to create awareness and understand the psyche of the Indian customer. REFERENCES Agapova, Anna, 2011, „The Role of Money Market Mutual Funds in Mutual Fund Families , Journal of Applied ‟ 1. Finance, Vol. 21, Issue. 1, pp. 87-102. Agarwal, Vikas; Boyson, Nicole M.; Naik, Narayan Y, 2009, „Hedge Funds for Retail Investors? An Examination of Hedged Mutual Funds , Journal of Financial Quantitative Analysis, Vol. 44, Issue 2, pp. 273-305. ‟ 2. 12 Pritam P. Kothari Shivganga C. Mindargi 3. A. Vennila, R. Nandhagopal(2012) â€Å"Investors’ Preference towards Mutual Funds in Coimbatore City European Journal of Social Sciences ISSN 1450-2267 Vol.29 No.1 (2012), pp. 115-125 4. Binod Kumar Singh (2011) â€Å"A Study on Investors’ Attitude towards Mutual Funds as an Investment Option† JOURNAL OF ASIAN BUSINESS STRATEGY, VOL. 1(2): 8-15 5. Badrinath, S.G Gubellini, S, (2011), „On the characteristics and performance of long-short, market-neutral and bear mutual funds , Journal of Banking Finance, Vol. 35 Issue 7, pp.1762-1776. ‟ 6. Dranikoff L, Koller, T. and Schneider, A, â€Å"Divestiture: Strategy’s Missing Link†, Harvard Business Review, May 2002, 80 (5). 7. Dr.Nishi Sharma (2009) â€Å"Indian Inverstors Perception towards mutual funds† Business Management Dynamics Vol.2, No.2, Aug 2012, pp.01-09 8. Gil-Bazo, Javier; Ruiz Verd, Pablo, 2009, „The Relation between Price and Performance in the Mutual Fund Industry , Journal of Finance, Vol. 64, Issue 5, pp. 2153-2183. ‟ 9. Hansen M and Nohria N, â€Å"What’s your Strategy for Managing Knowledge?† Harvard Business Review, MarchApril, 1999, 77 (2).1 10. Journal of Marketing, 32 (October), 65-68, 1968. 11. Rajeswari, T.R., and V.E. RamaMoorthy, 2001, An Empirical Study on Factors Influencing the Mutual Fund Scheme Selection by Retail Investors . Retrieved on May 2010 http://www.utiicm .com/Cmc/PDFs/ ‟ 2001/rajeswari.pdf. 12. Singh, Chander, 2004, „Performance of mutual funds in India – an empirical evidence , ICFAI journal of applied ‟ finance December, pp. 81-98. 13. Subbash C. Jain, â€Å"Marketing Planning and Strategy†, South Western College Publishing, Sixth Edition, 2000. 14. Singh, B. K. and Jha, A.K. 2009, „An empirical study on awareness acceptability of mutual fund , Regional ‟ Student s Conference, ICWAI, pp. 49-55. ‟ 15. Winer, C. Strategic Thinking: An executive Perspective, Upper Saddle River, Prentice Hall, 2000

Implications of Gambling Industry on UK Business Environment Essay Example for Free

Implications of Gambling Industry on UK Business Environment Essay Gambling opportunities have sharply increased all over the UK in a short period of a couple of years. It has been transforming into a socially acceptable means of entertainment due to the increasing leniency in laws regarding gambling. Gambling has been made available in all areas of the city and special facilities have opened for this purpose. Betting offices, clubs, and casinos are just a few examples of such places. â€Å"Gambling is playing games involving chance or placing bets in the hope or expectation of winning money. Gambling takes many forms, from buying lottery tickets in a raffle to playing the football pools or betting on the Grand National to table gaming in casinos. † (Basic facts about the British Gambling Industry, pg. 2) Developments in science and technology have open new gates for gamblers on a global scale. Nowadays, gamblers can take advantage of online gambling facilities to indulge themselves in these activities without leaving their houses just by using their credit cards. The government has further opened opportunities to gamble on telephones if you have activated an account with a bookmaker. According to a report prepared by KPMG, the total amount betted on gambling activities in Britain in the year 1998 reached 42,121 million pounds. The amount spent in casinos was the topmost which calculated up to 18,547 million pounds. A Brief History of Gambling in Britain â€Å"The high point of gambling in Britain is considered to be a period of aristocratic excess in the late 18th and early 19th centuries. Upper-class gaming was characterized by deep play (defined by the philosopher Jeremy Bentham as gambling for stakes so high that it becomes irrational) and crazy, eccentric wagers, such as the one apparently struck by the northern baron who bet he could make it to Lapland and back within an allotted time, accompanied by two reindeer and two native females. He won his bet. † (Atherton, pg. 28+) The Gaming Act of 1845 declared the games of chance as illegitimate. For a long period of time until 1960, gambling carried on inside the UK as an illegal business. It was in 1960 that the government took a major step in the legalization of this industry. Hence, the betting and gaming Act of 1960 was introduced for this legalization process. The Betting and Gaming Act of 1960 altered the previous laws and paved the way for the development of gambling outlets especially casinos all over the UK. Since this was the first time that gambling was permitted in the UK, the government did not take necessary precautions to control the side effects that are associated with gambling activities. This was the major cause of the rise in crimes in Britain at that time since criminals found these new legalized gambling outlets and casinos as a good place to strengthen their footholds. Moreover, loans and losses in gambling gave birth to new criminals as addicted gamblers adopted thefts, burglaries, and other money-making crimes to fulfill their gambling compulsions. As time passed, lawmakers realized the need for a new act that would focus on these issues that have risen after the legalization of gambling. Therefore, the Gaming Act of 1968 was brought in to impose certain restrictions on the gambling industry. With the introduction of the Gaming Act of 1968, the Gaming Board was seriously planning to put a ban on Roulette but they succumbed to the demands of the gambling industry. (http://www. hca. heacademy. ac. uk/resources/TDG/reports/gaming-example-wolfe. ppt) The launching of the National Lottery and the increasing trend in online gambling during the 1990s led to the revision of betting duty by the British government. Afterwards, the government decreased the taxation on betting activities by a considerable amount. General Betting Duty (GBD), a particular type of tax on betting activities that was charged on the percentage of stakes has been replaced by another one, known as Gross Profits Tax (GPT). This new type of tax is charged on the net profits that a bookmaker makes. They also decided to replace the current general betting duty (GBD), levied as a proportion of betting stakes, with a gross profits tax (GPT), based on the net revenue of bookmakers. (Paton, et. Al, pg. F296)

Young Goodman Brown Symbolism Essay

Young Goodman Brown Symbolism Essay Young Goodman Brown is a short story by Nathaniel Hawthorne. Written in 1835, the story deals with a late night meeting between a man and the Devil. On the surface this is all the story is, but if one looks closer one would find the story to be littered with symbolic images. Goodman Browns marriage to his wife, the aptly named Faith. At the beginning of the story, Goodman Brown, and Faith have only been married for three months. This symbolizes Goodman Brown as one who lacks a deep attachment to faith. This is further evidenced by his willingness to stray from his wife to embark on his evening journey. Although Goodman Brown knows that what lies ahead of him on his journey into the woods, is not good, he sees this momentary dabbling in the dark side as a one time affair. Hawthorne cements this in paragraph seven where Goodman Browns says to himself à ¢Ã¢â€š ¬Ã‚ ¦after this one night, Ill cling to her skirts and follow her to heaven. (page 385) Another symbol is the setting of the story. The woods. In the story the woods is a dark foreboding place with Goodman Brown walking down a dreary road, darkened by all the gloomiest trees in the forest. (page 386) The bleak setting conveys the dark situation Goodman Brown is about to find himself in. Despite the obvious evil present in the woods, Goodman Brown presses on further into the darkness with Satan as his guide. This symbolizes mans inability to break the devils hold upon him, once he has allowed his sins to drag him to a certain point. A contrast to the dark, gloomy setting is the character Faith, Goodman Browns wife. Faith is one of the three principals that gives Goodman Brown the impression that he has an ideal life, in this case the good wife. But to Goodman Brown, Faith is much more than this. Faith as her name implies is seen by Goodman Brown to be a physical manifestation of his faith with Brown referring to her as My love and my Faith. (page 385) Faith also comes with a symbol of her own, in this case a pink ribbon. Throughout the story, Hawthorne makes numerous references to this, including referring to her as Faith with the pink ribbons (page 385) in the third paragraph. Faiths pink ribbon is the focus of a crucial, dramatic scene towards the end of the story. At this part of the story, Satan has broken Goodman Brown, and in the midst of everything Goodman Brown has come to know has turned out to be a fallacy. Despite this Goodman Brown makes one final attempt to hold onto his Faith, but in the midst of the chaos, a pink ribbon falls from the sky on catches on a tree branch. This symbolizes the end of the fight for Goodman Brown, now a broken, faithless man Goodman Brown cries out There is no good on earth, and sin is but a name. Come, devil, for thee is this world given. (page 389) Faith in general plays a prominent role in the story, particularly false faith. Before his meeting with Satan, Goodman Brown believes himself to be of good faith because those around him are of good faith. However once it is revealed that those around him are more akin to a satanic cult, than a holy congregation, Goodman Brown begins to lose himself only hanging on with the belief that his beloved wife is strong of faith. This turns out to be false as well, and with the revelation that the one seen by Goodman Brown to be faith personified, is full of sin, Goodman Brown is finally broken and surrenders himself to Satan. One of the biggest, if not the biggest symbol in the story, is that of Satan himself. Throughout the ages, Satan has been a cultural symbol of ultimate evil, and Young Goodman Brown continues that tradition. In the story Satan represents a number of things, of them being the evil that lies within us all. When first meeting up with Goodman Brown in the woods, Satan is described as resembling an older Goodman Brown , with Hawthorne describing him as being apparently in the same rank of life as Goodman Brown, and bearing a considerable resemblance to him, though more in expression than features. Still they might have been taken for father and son. (page 386) In his human form, Satan carries with him, a walking stick in the shape of a serpent. Since the story of Adam and Eve, the serpent has been used as a symbolic representation of Satan. Satan is often seen as a master manipulator, and one who can easily shatter ones view of the world around them. This is evident in paragraph eighteen, when Goodman Brown has discovered the true identity of his companion and is attempting to break away from him on the grounds that his family has never been he kind to fall in with the devil. To this Satan replies I helped your grandfather, the constable when he lashed the Quaker woman so smartly through the streets of Salem. (page 386) He also goes on to say It was I who brought your father a pitch-pine knot, to set fire to an Indian village, in King Phillips war. (page 387) This symbolizes a number of things at once. In the context of the story, it further symbolizes that the world Goodman Brown ahs found himself in, is much different from the world he perceived himself as living in. In Goodman Browns eyes, his father and Grandfather were shining examples of good Christian men. However Satan shatters this allusion and reveals that not only are Goodman Browns ancestors guilty of sin, but that they committed their sins in collaboration with the devil. This can also be applied to a broader sense of realization that evil does exist in the world, and that something or someone we perceive as good, may in fact be in league with the darkest of evil. An interesting point in the story occurs in the ninth paragraph, when Goodman Brown, now deep in the darkest reaches of the forest states There may be a devilish Indian behind every three, what if the devil himself should be at my very elbow! (page 386) This symbolizes the devils ability to enter a persons life and remain a part of it completely undetected until it is too late. The story of Young Goodman Brown, is one that works on two very different levels. On its surface, the story appears as nothing ,more than the tale of a man who experiences a quite literally hellish event. Upon further analysis however, the story is a much deeper allegoric tale of the importance of faith, and how easily a person can be made or broken by it.

Graeme Base and Animalia :: Artists and Artwork, art

Structural Frame Art Materials and techniques: Graeme Base uses air brushes, brushes, scalpels, pencils, water colours, transparent ink, technical drawing pens and some use of the computer. He mixes a lightness of text, sometimes with alliterative tongue-twisters and sophisticated language made up of stylized illustrations full of hilarity and details that challenge readers' point of view. The book, Animalia contains over 1,500 objects including things such as food, musical instruments, and characters as well as the featured animal for each letter. Base also includes an image of himself when he was young as an extra for the watchful eye on every page. Line, tone, shape, colour, texture and pattern: Graeme Base uses lines of different thicknesses to make the drawing look more realistic. He also uses different tones of colours. An example would be from ‘Six Slithering Snakes Sliding Silently Southward’, the main snake’s body and tail contains at least four different colours. He also repeats the way the books are place in the library. Symbolic Meanings: The Lion symbolises royalty, the books symbolise wisdom and the golden fur and mane of the lion symbolises power (because gold is usually worn by rich people). Cultural Frame Graeme Base was born in 1958 in Amersham, England, and moved to Australia in 1966 at the age of 8. he is now an Australian Citizen but when he came to Australia, he said that he felt like an outsider. He went to Swinburne Institute of Technology and studied the diploma of Art. At school, the only way to impress his friends was to study and learn visual arts. He grew fond of flora and fauna and loved the land (which is where he got his ideas from). He then enjoyed poetry and wrote his first picture book; My Grandma Lived in Gooligulch. Graeme Base says that much of what he uses in his illustrations is a result of his childhood. "Everyone is influenced by their childhood. The things I write about and illustrate come from a vast range of inputs, from the earliest impressions of a little child, others from things I saw yesterday and still others from completely out of the blue, though no doubt they owe their arrival to some stimulus, albeit unconscious. I have a great lo ve of wildlife, inherited from my parents, which show through in my subject matter, though always with a view to the humorous—not as a reflective device but as a reflection of my own fairly happy nature.

Cry, the Beloved Country: Change :: Cry the Beloved Country Essays

In undertaking a journey, a person learns and changes. One may change emotionally, psychologically, as well as spiritually. The journeyer is scared at first, then usually goes through some pain and suffering. In the end, however, this journeyer comes out different then they were when they began, with some understanding. Stephan Kumalo, James Jarvis, and Absalom Kumalo undertake this very thing in Cry, the Beloved Country, by Alan Paton. Stephan Kumalo, a priest from the small native town of Ndotsheni, takes a journey to the great city of Johannesburg. He intends to find his sick sister and his son, Absalom, who has gone away. At first, Stephan has "the fear of the unknown, the fear of the great city"(44) where his loved ones had gone to and not written in months. Not long after he begins, he realizes "this is a bitter journey"(55) upon hearing the occupations and practices of his sister. He goes through pain and suffering, more and more as he learns of his brother's loss of faith in the church, and the murder his son has committed. But, soon enough he comes to an understanding of this world in Johannesburg. He learns why there is so much crime and poverty. He then has hope the success of his daughter in-law and his nephew in Ndotsheni. He gains hope for the rebuilding of the tribe. Stephan Kumalo comes away from his journey changing spiritually and knowing that there is "comfort in a world of desolation"(94). He changes emotionally and becomes stronger. Also, he changes psychologically and learning the troubles of Johannesburg and apartheid, and their various causes. James Jarvis undergoes vast changes during his journey. He is told that his son has been killed, and he leaves for Johannesburg at once. His son, Arthur, was a social activist helping natives in South Africa, trying to get better hospitals and schools for them. These are subjects James Jarvis never thought about much. When he arrives at his son's house, the place of Arthur's death, he reads through some of his manuscripts and books. First, James suffers a lot thinking about his son's death. As he reads through some of his books and papers however, he comes to an understanding how great a man his son was, and what he stood for. "He sat smoking his pipe and was lost in thought"(180) after he reads a manuscript on what is permissible and what is not

Essay --

Personal respond of the text â€Å"on the rainy river† The role of relationship you have with other people often has direct influence on the individual choices and belief in the life. In the short story â€Å"on the rainy river†, the author Tim O’Brien inform us about his experiences and how his interacted with a single person had effected his life so could understand himself. It is hard for anyone to be dependent on just his believes and own personal experience, when there are so many people with different belief to influence you choices and have the right choices for you self. Occasionally taking experience and knowledge of other people to help you understand and build from them your own identity and choices in life. Throughout the story, O’Brien speaks about his adventure with man by the name Elroy Berdahl, the owner of the fishing lodge that O’Brien stays at while on he want to run away from his responsibility. O’Brien describe Elroy as â€Å"Elroy Berdahl: eighty-one years old, skinny and shrunken and mostly bald... His eyes had the bluish gray color of a razor blade, the same polished shine, and as he peered at me I felt a strange sharpness, almost painful, a cutting sensation, as if his gaze were somehow slicking me open.† O’Brien give the reader a clear idea about what Elroy looked like and how he the big influence on his, he eels Elroy can see the pain and desire inside of him. The circumstance of O’Brian has while he was their helping him to find and realize what his true believes and personality. The author of the story gives the audience the sense that our personal understanding of self is built on the role of relationship we have with others. There are many things that could influence the person choices such as family, friend... ...es â€Å"behaving like his hero from his youth.† while he was at the river to describe his thought and feeling and why he did decided to go to war rather than run away. His thought of going to war was, so he does not be guilty man in front of his family and friends. In either way the people you met throughout your life has always influence to build your moral character and your personal understanding of self. Everyone had influenced by their surrounding. Your personal identities and choices in life are based on the role of the relationship you have with others. This helps you to realize who you are and what you need in the life. The combination of all you learns come together to give you a clear idea of what your needs, values, and belief in this life. Finally, it is clear that the role of relationship play an important role in the framework of our personal identities. Essay -- Personal respond of the text â€Å"on the rainy river† The role of relationship you have with other people often has direct influence on the individual choices and belief in the life. In the short story â€Å"on the rainy river†, the author Tim O’Brien inform us about his experiences and how his interacted with a single person had effected his life so could understand himself. It is hard for anyone to be dependent on just his believes and own personal experience, when there are so many people with different belief to influence you choices and have the right choices for you self. Occasionally taking experience and knowledge of other people to help you understand and build from them your own identity and choices in life. Throughout the story, O’Brien speaks about his adventure with man by the name Elroy Berdahl, the owner of the fishing lodge that O’Brien stays at while on he want to run away from his responsibility. O’Brien describe Elroy as â€Å"Elroy Berdahl: eighty-one years old, skinny and shrunken and mostly bald... His eyes had the bluish gray color of a razor blade, the same polished shine, and as he peered at me I felt a strange sharpness, almost painful, a cutting sensation, as if his gaze were somehow slicking me open.† O’Brien give the reader a clear idea about what Elroy looked like and how he the big influence on his, he eels Elroy can see the pain and desire inside of him. The circumstance of O’Brian has while he was their helping him to find and realize what his true believes and personality. The author of the story gives the audience the sense that our personal understanding of self is built on the role of relationship we have with others. There are many things that could influence the person choices such as family, friend... ...es â€Å"behaving like his hero from his youth.† while he was at the river to describe his thought and feeling and why he did decided to go to war rather than run away. His thought of going to war was, so he does not be guilty man in front of his family and friends. In either way the people you met throughout your life has always influence to build your moral character and your personal understanding of self. Everyone had influenced by their surrounding. Your personal identities and choices in life are based on the role of the relationship you have with others. This helps you to realize who you are and what you need in the life. The combination of all you learns come together to give you a clear idea of what your needs, values, and belief in this life. Finally, it is clear that the role of relationship play an important role in the framework of our personal identities.

Net Neutrality Research Essay

The Internet has historically been considered an â€Å"open and free† medium. Currently, Internet users get access to any Web site on an equal basis. Foreign and domestic sites, big corporate home pages and low-traffic blogs all show up on a user’s screen in the same way when their addresses are typed into a browser. (NY Times 2010) Having its beginnings in military and research facilities in the late 1960’s, ARPANET (Advanced Research Projects Agency Network) slowly evolved into what is now known as the Internet in the 1990’s. Since then is has become the backbone of American and world culture and economics. There is almost no limit to the content available today. Any person with an idea and access to the Internet can share that idea with the world more quickly than in any other time in human history. (Hunter, 2010) Today there are deep battle lines that have been drawn. The ones on the side of the broadband companies argue that they need financial incentives to lay the cables and build the networks that will be necessary to handle surging amounts of digital traffic. USA Today, 2011) They emphatically reject any government oversight or regulations stating that government interference will smother internet growth. This is despite that fact the original architecture of the Internet was created by government and universities. Its usefulness was greatly enhanced over the years by companies such as Intel, Cisco Systems, Microsoft, Apple and Google, much more so than by service providers such as AT&T, Verizon and Comcast. Yet it is the service providers that are demanding to become its gatekeepers. (USA Today, 2011) The division (with some exceptions) goes down the party lines. Democrats, who are in favor of net-neutrality rules, insist regulation is needed to prevent network operators discriminating in favor of their own services. A cable-TV firm that sells both broadband internet access and television services over its cables might, for example, try to block internet-based video that competes with its own television packages. Republicans worry, that net neutrality will be used to justify a takeover of the internet by government bureaucrats, stifling innovation (that the internet’s origins lie in a overnment-funded project is quietly passed over. ) (The Economist, 2010) To begin to grasp what has transpired since the advent on the Internet, one must know that the Internet will continue along its phenomenal growth path, despite the current global economic crisis. What’s different is that the Internet will become increasingly mobile and social. By 2012, more people will access the Internet via cell phones than PCs. Their favorite activities will be downloading music, videos and ringtones rather than searching the Web or sending e-mail. PC World, 2009). What is net neutrality? Net neutrality is the concept that states that every person should have the same open access to the internet. In other words, internet service providers should not discriminate against people based on the amount of internet bandwidth they use. Individuals who have paid for internet access should be able to visit all websites at competitive speeds. If the internet was to become non-neutral, then people would have to individually buy access to different websites. Currently, no restrictions are being imposed, save parental control, on the information we are able to gather, and there are no restrictions on communication via the internet nor uploading and downloading. (Boswell) All of this is to change if the ISP’s have it their way. One of the greatest aspects of net neutrality is the options you have to choose from when trying to obtain content via the internet. One of the biggest fears is if net neutrality is gone, certain websites may be exclusive to a certain ISP that other ISP’s will not be able to provide to you. Another vantage point of net neutrality is the options make the websites in question more competitive to bring you the best they can offer to get your count. If certain websites are limited to certain ISP’s, not only would you be restricted from the competitor’s websites, but the websites would have less power to sell their product to the people and there would be less incentive to bring their best. (Naik) In an era where technology is all about the progression every day, this would seem counterintuitive. It’s been said that if the ISP’s aren’t regulated by the FCC, customers who use more would pay more, thus decreasing in congestion. Bieberle, 2010) But the ISP’s already provide different packages that provide a maximum bandwidth. Regardless, it’s just more money for them, and it’s already being feared that this would slow economic growth. Most websites seem to be in favor of network neutrality as it is. (Naik, 2010) The principle states that if a given user pays for a certain level of Internet access, and another user pays for the same level of access, then the two users should be able to connect to each other at the subscribed level of access. The basic concept sounds simple enough: that the internet’s pipes should show no favors and blindly deliver packets of data from one place to another regardless of their origin, destination or contents. (The Economist, 2010) The growing problem with the Internet is that as broadband use expands; the amount of traffic dedicated to media use and downloading increases. This causes a disproportionate drag on the overall system. Imagine a scenario where 95 percent of the users on a particular network are simply browsing a variety of websites for information, and the remaining 5 percent are streaming videos. If those 5 percent are demanding equal prioritization of traffic, 95 percent of the users could experience a noticeable delay in their browsing for the duration of the streaming video. Conversely, if prioritization of traffic allows the low-bandwidth browsing through first, only 5 percent of users would experience a delay, and that delay will be negligible when compared with the experience of viewing the video, especially as most software-driven video players buffer many of the packets in the stream anyhow. (Hunter, 2010) Given the ambiguity about whether mandating network neutrality would promote or impede economic welfare, the more technologically humble course would be for policymakers to embrace a principle of network diversity, which would permit individual network owners to explore alternative business arrangements until concrete harm to competition can be demonstrated. (Yoo, 2006) According to the FCC, Internet Service Providers (ISPs) can’t resist engaging in such bad behaviors as slowing a competitor’s sites to direct traffic to their own profit centers. Though they cannot cite a single case where federal intervention was needed to avert this behavior, the FCC proposes to take over the very Internet architecture that ISPs invest 60 billion job-creating dollars a year developing. It will insist that no information can be prioritized by the ISPs, transferring that power to federal authorities instead. ISPs are left asking obvious questions. Why invest in making a network more efficient, why collaborate to build new technologies, if ISPs will not be allowed to profit from them? In rushing to defend a consumer who has no need of its help, the FCC threatens to cripple the greatest platform for the expansion of freedom and prosperity since Jefferson put quill to parchment. (Blackburn, 2011) The net neutrality debate has brought attention to the larger concerns related to the boundaries between the FCC and antitrust authorities. The shaping of net neutrality regulatory policy’ â€Å"has operated under the assumption that the FCC has the authority, by virtue of its ancillary jurisdiction, to regulate Internet transmission providers. This confidence in the FCC’s scope of authority proved misplaced in Comcast Corp. vs. FCC, decided by the U. S. Court of Appeals for the D. C. Circuit in 2010. Finding no relation between the FCC’s net neutrality policies and the agency’s legislative mandate, the court clarified that the FCC may use its ancillary jurisdiction only when the proposed action is specifically related to the agency’s mandated responsibilities as Congress delineated in the Communications Act of 1934 (Communications Act). Boliek, 2010) The Obama administration says the â€Å"net neutrality† rules, which were scheduled to take effect in November, are necessary to prevent Internet Service Providers from prioritizing data, or blocking services offered by competitors. (Suderman, 2012) Some of the pros and cons of â€Å"Net Neutrality† The foremost advantage of net neutrality is that it is helpful in adding competitiveness to the market, as the users are given more option s to choose from. The competition between service providers will make each of them come up with their best, and this will directly benefit the end user as he won’t just get options to choose from but also get quality service. Those in support of net neutrality are of the opinion that government control of the Internet would eliminate monopoly, thus ensuring that the big websites do not dominate the market. It will also help in curbing the numerous illegal activities and frauds which can be attributed to the web. Interestingly, most of the websites out there are in support of the concept of net neutrality. Naik, 2010) Those who oppose net neutrality argue that it is an absolutely futile exercise as none of the service providers would go about sabotaging their rivals by blocking their content or degrading network performance. They also cite the example of other networks which are functioning properly even with the major contributors being in charge of them. As far as government control of the Internet is concerned, these people argue that it would result in increased Internet censorship and invasion of privacy, both of which wouldn’t go down well with the users. Naik, 2010) The Internet has evolved beautifully on its own up to this point. To interfere â€Å"proactively† could be a mistake. Despite acknowledging that there exists â€Å"data hogs†, I feel it would be a mistake to begin to tweak with an issue before it became. Granted it would seem prudent to lean to caution but the Internet is too critical a medium to tamper with. If any â€Å"interference is necessary, I would suggest a two prong attack. First would be a plan to foster more competition among ISP’s. Second would be is to offer a monthly data limit and charge by the megabyte beyond it. There’s no evidence of systemic problems in the broadband market, so new rules are unnecessary. (PC World, 2010) Conclusion Google’s original network neutrality defense can only be found today in the historical archives of the Internet. Network neutrality is there defined as â€Å"the principle that users should be in control of what content they view and what applications they use on the Internet. †Interestingly, though the eeming kindheartedness towards users, the only mentioned means to achieve the said effects is reflected in the following precept: â€Å"broadband carriers should not be permitted to ‘use their market power’ to discriminate against competing applications or content. †(Thompson, 2011) It was only in the FCC’s September 2010 call for additional comment in its Open Internet proceeding that the FCC finally recognized the reality that a carrier’s decisions on Internet services are only part of a broader decision on how to use its infrastructure more generally. That is, a carrier chooses how much bandwidth to devote to Internet service and how much to devote to video channels, and this choice can affect consumers’ ability to trade off between the two types of service. (Speta, 2011) Although the FCC has a broad scope of operation (â€Å"all interstate and foreign communication by wire or radio†), and is charged with making available â€Å"to all the people of the United States . . . a rapid, efficient, Nation-wide, and world-wide wire and radio communication service . . at reasonable charges,† as well as the duty to â€Å"encourage the deployment on a reasonable and timely basis of advanced telecommunications communications capability,† the Commission’s power to require cable operators to build out to hard-to-reach areas, open their expensive high up-front-cost facilities to competitors, and charge reasonable rates for high-speed Internet access is unclear. (Crawford, 2010) There is nothing wrong with charg ing for a service. The policy problem comes when there is one â€Å"delivery â€Å"actor (or one category of actors) in a position to work closely with a small stable of content/service providers. The problem is exacerbated when that same delivery actor is in a position to use its technical control over the delivery conduit to privilege its commercial relationships, and to have all of it appear to be â€Å"free† to consumers as long as they are paying a monthly subscription for content. Adding in the technical ability to charge for and deliver ads based on all of this activity, the single delivery actor becomes very powerful. From a policy perspective, is it appropriate to have a conduit able to exert leverage over and exact tribute from all possible high-speed interactive communications? Should everything we do online trigger a payment to the pipe? (Crawford, 2010) Therefore, my opinion is that the internet should remain neutral. All businesses are capitalist entities in the pursuit of a fat bottom line, and their main objective is to please their clients (with the most money). Besides we already pay for access to the internet through ISPs, how much more would we have to pay for data transmission rates and or bandwidth?