Japan - Sound of Waves Essay Example for Free

Japan Sound of Waves Essay After researching about the geography and religious beliefs of Japan, I can now realize how it impacts the novel, as the author has really described the setting and geography in depth. Japan has got a huge population for its small size. Since 4/5 of Japans land is full of Mountains (originally volcano’s). This means many people live in the narrow river valleys along the coast, which means people don’t live equally distributed around Japan leading to many people in a small space. Which means its a small area but still loads of people to gossip on Shinji and Hatsue. â€Å"Mishima† starts of the book with how small the island is, yet there are so many people. â€Å"About fourteen hundred inhabitants and a coastline of something under three miles â€Å". * Since Japan is an archipelago, there are many islands that make up Japan, but 4 main islands: Hokkaido, Honshu, Shikoku, and Kyushu. Instead this novel is set on â€Å"Uta-Jima† Song Island, to show the readers the life and experience on one of these Islands. We learn fishing is a very important part of their day on Uta Jima Island. â€Å"The boy often brought fish in this way† suggesting how regularly people eat fish. This is because people in Japan live in a archipelago, so they are separated from the rest of Asia, leading them to build unique characteristics. Since Japan doesn’t have much farming land, they only have sea, which is why their main food is fish (sushi) and not any other meat or veggies. Having many islands this helps Japan, as each island is surrounded by sea. Therefore fish becomes their main source of food. The fish is served raw, as Japan doesnt have much trees (oil) to cook the fish, this explains why sushi’s fish is always raw. This shows us how important it is for Shinji to catch fish, because that is what his whole family lives on. * * Religion plays a big part of this novel. This novel is based on Shintoism. Shinto is a Japanese religion, that has 4 affirmations, but there is one main one which is shown through out this novel, â€Å"Love of Nature†. Everything in the novel is based on the sea, which is of course nature. All the descriptions are revolved around nature The gravestones looked like so many white sails of boats anchored in a busy harbor This explains why Shinji is so attached with the sea, because its part of his religion, this shows the readers that Shinji is religious. As a Shinto believes that nature is sacred, and to be in contact with nature is to be close to the Gods. * * Therefore, the geography of Japan and the many religious beliefs of Shinto all influence Shinji’s character in the novel, from where they eat, to how they live to how he loves†¦

Shakespeares Othello - Othello and the Heroine, Desdemona :: Othello essays

Othello and the Heroine, Desdemona  Ã‚        Ã‚  Ã‚   In William Shakespeare’s tragic play Othello we see a very exceptional woman in the person of Desdemona, wife of the general. She, as Cassio says, is a â€Å"paragon† of virtues, unlike the other female characters in the drama.    H. S. Wilson in his book of literary criticism, On the Design of Shakespearean Tragedy, discusses Desdemona’s entry into the Moor’s life:    But Othello had not known Desdemona long; he had little knowledge of women in any case; his military life had left scant time for cultivating their society or studying them, before he met Desdemona; and there was a bitter modesty in the man, who thought it quite possible that, for all his greatness and his romantic past, a young girl like Desdemona might hold him but a passing fancy. (64)       In Act 1 Scene1, Iago persuades the rejected suitor of Desdemona, Roderigo, to accompany him to the home of Brabantio, Desdemona’s father, in the middle of the night. Once there the two awaken him with loud shouts about his daughter’s elopement with Othello. In response to Iago’s vulgar descriptions of Desdemona’s involvement with the general, Brabantio arises from bed and, with Roderigo’s help, gathers a search party to go and find Desdemona and bring her home. Once that Brabantio has located Othello, the father presses charges publicly in order to have Desdemona returned:      Ã‚  Ã‚  Ã‚   To prison, till fit time   Ã‚  Ã‚  Ã‚   Of law and course of direct session   Ã‚  Ã‚  Ã‚   Call thee to answer. (1.2)    The proceedings which take place before the Duke of Venice cause the father to permanently lose his daughter, mostly due to Desdemona’s own fluent presentation of her point of view in the city council chamber. This results in Brabantio’s virtual disowning of her and not allowing her to live in his house while Othello’s campaign against the Turks in Cyprus is in progress. Thus it would seem that Desdemona has been living her life with a father who is primarily interested in self and less in daughter.    Entrusted to the ancient’s care and that of his Emilia, Desdemona arrives at the seaport of Cyprus. Blanche Coles in Shakespeare’s Four Giants interprets the protagonist’s very meaningful four-word greeting to Desdemona which he utters upon disembarking in Cyprus:    Othello’s four words, â€Å"O, my soul’s joy,† tell us that this beautiful Venetian girl has brought great joy, felicity, bliss to the very depths of his soul.

Summary Modigliani & Miller

L1 – Modigliani & Miller (1958) ‘The Cost of Capital, Corporation Finance and the Theory of Investment’ This article mainly discusses the cost of capital, the required return necessary to make a capital budgeting project worthwhile. Cost of capital includes the cost of debt and the cost of equity. Theorist conclude that the cost of capital to the owners of a firm is simply the rate of interest on bonds. In a world without uncertainty the rational approach would be (1) to maximize profits and (2) to maximize market value.When uncertainty arises, these statements vanish and change into a utility maximization. The goal is to get more insight in the effect of financial structure on market valuations. I. Valuation of Securities, Leverage and the Cost of Capital A. The Capitalization Rate for Uncertain Streams In the paper, M&M (1958) assume that firms can be divided into equivalent return classes such that the return on the shares issued by any firm in any given class is proportional to the return on shares issued by any other firm in the same class.This implies that various shares within the same class can differ at most by a scale factor. The significance of this assumption is that it permits us to clarify firms into groups where shares of different firms are homogeneous (perfect substitutes of each other). This again means that in equilibrium in a perfect capital market the price per dollars worth of expected return must be the same for all shares of any given class. This will result in the following formula’s: = pj = the price xj = expected return per share of the firm in class k k= expected rate of return of any share in class k 1/pk = the price which an investor has to pay for a dollars worth of expected return in the class k B. Debt Financing and its Effects on Security Prices In this case, shares will be subject to different degrees of financial risk or leverage and hence will no longer be perfect substitutes for each other. Compan ies will have different proportions of debt in their capital structure and gives a different probability distribution of returns.To exhibit the mechanism determining the relative price of shares under these conditions two assumption are made 1)all bonds yield a constant income per unit of time 2)bonds, like stocks, are trade in perfect market (perfect substitutes) Proposition 1 ‘The value of an unlevered firm is the same as the value of a levered firm’ V = value of the firm S = market value of common stock D = market value of the debts X = expected return on the assets owned by the company (cost of capital)The market value of any firm is independent of its capital structure and is given by capitalizing its expected return at the rate pk appropriate to its class. This shows that the average cost of capital to any firm is completely independent of its capital structure and is equal to the capitalisation rate of a pure equity stream of its class. Capitalization rate (or â €Å"cap rate†) is a measure of the ratio between the net operating income produced by an asset (usually real estate) and its capital cost (the original price paid to buy the asset) or alternatively its current market value.The pure equity stream is showed in the next example: If proposition 1 did not hold, an investor could buy and sell stocks and bonds in such a way as to exchange one income stream for another stream, but selling at a lower price. It would be corrected through arbitrage. Return on a levered portfolio can be written as: Y2 = return from this (levered) portfolio ? = fraction of the income available for the stockholders of the company/fraction total shares outstanding X = expected return rD2 = interest charge Return on a unlevered portfolio looks like this: 1 = fraction/amount invested in stocks S1 = total stocks outstanding To see why this should be true, suppose an investor is considering buying one of the two firms U or L. Instead of purchasing the shares of the levered firm L, he could purchase the shares of firm U and borrow the same amount of money D that firm L does. The eventual returns to either of these investments would be the same. Therefore, the price of L must be the same as the price of U minus the money borrowed D, which is the value of L's debt. Proposition 2 > re = ro + (ro – rd) x D/E = required rate of return on equity (cost of equity) pk = cost of capital for an all equity firm r = required rate of return on borrowings (i. e. , cost of debt or interest rate) D/S = debt to equity ratio That is, the expected yield of a share of stock is equal to the appropriate capitalization rate pk for a pure equity stream in the class, plus a premium related to financial risk equal to the debt-to-equity ratio time the spread between pk and r. C. Some Qualifications and Extensions of the Basic Propositions Effects of Present Method of Taxing CorporationsProposition 1 becomes (with taxes): ? = average rate of corporate income t ax ? = expected net income accruing to the common stock holder Proposition 2 becomes (with taxes): pk can no longer be indentified with the average cost of capital when taxes come into play. Yet, to simplify things the writers will still do this. Effects of a Plurality of Bonds and Interest Rates Economic theory and market experience both suggest that the yields demanded by lenders tend to increase with the debt-equity ratio of the borrowing firm (or individual).The increased cost of borrowed funds as leverage increases will tend to be offset by a corresponding reduction in the yield of common stock. Proposition 1 remains unaffected as long as the yield curve is the same for all borrowers. However, the relation between common stock yields and leverage will no longer be the strictly linear one given by the original Proposition 2. If r increases with leverage, the yield i will still tend to rise as D/S increases, but at a decreasing rather than a constant rate. Yield curve: D. The Rel ation of Propositions 1 en 2 to Current Doctrines.Proposition 1 asserts that the average cost of capital is a constant for all firms j in class k, independently of their financial structure. II. Implications of the Analysis for the Theory of Investments A. Capital Structure and Investment Policy Proposition 3 (Proposition 4 in lecture slides): A firm will exploit investment opportunities if and only if the rate of return on the investment p* is as large as or larger than pk . This will be completely unaffected by the type of security used to finance the investment (bonds or stocks).So the main conclusion is that companies should invest when . Capital structure is a matter of indifference and the problem of the optimal capital structure is no problem at all. B. Proposition 3 and Financial Planning by Firms Misinterpretation of the scope of Proposition 3 can be avoided by remembering that this Proposition 3 tells us only that the type of instrument used to finance an investment is irr elevant to the question of whether or not the investment is worth while.This does not mean that the owners (or managers) have no grounds whatever for preferring one financing plan to another; or that there are no other policy or technical issues in finance at that level. C. The Effect of the Corporate Income Tax on Investment Decisions The cost of capital now depends on the debt ratio, decreasing , as D/V rises, at the constant rate of . Thus with a corporate income tax under which interest is a deductible expense, gains can accrue to stockholders from having debt in the capital structure, even when capital markets are perfect. L1 – Fama & French (1998) ‘Taxes, Financin

Global Warming And Its Effects On The Earth - 2810 Words

Global warming alludes to the marvel of expanding normal surface temperatures of the Earth in the course of the last one to two centuries (Weart). The idea is identified with the more general marvel of environmental change, which alludes to changes in the totality of characteristics that characterize atmosphere surface temperatures, as well as precipitation examples, winds, sea ebbs and flows, and different measures of the Earth s atmosphere according to (Brown). A global temperature alteration alludes to a normal increment in the Earth s temperature, which thusly causes changes in atmosphere designs. A change in the net vitality accessible to the global climate framework is called radioactive constraining it can be characteristic or anthropogenic. The radioactive constraining can be sure means it will warm and negative means it will cool the atmosphere framework. A hot earth surface may prompt changes in precipitation designs, an ascent in ocean level, and an extensive variety of effects on widely varied vegetation and people. The quick rate of urbanization has prompted expanded fossil fuel burnings and at last prompting expanded Co2 discharge. The activity of carbon dioxide and other nursery gasses in catching infrared radiation is known as the nursery impact (Weart). Climate change framework is complex as it comprises issues to deal with air, area surface, snow and ice, seas and other water bodies, and living creatures. Among these, the first part, climateShow MoreRelatedThe Effects Of Global Warming On Earth1577 Words   |  7 PagesTo sustain life on earth, the earth temperature must be maintain at a very delicate figure. But what if the unthinkable happens? What if the earth’s temperature was to increase by a just mere half a degree, maybe a full or even two or three, the effects could be devastating to the environment, to me and to you. Unfortunately we may have the opportunity to see the effects of the earth temperature rising a few degrees i n this lifetime. According to scientist, for hundreds of thousands of years, a phenomenonRead MoreGlobal Warming And Its Effects On The Earth927 Words   |  4 PagesGlobal-Warming Mother Earth is burning as we speak; humanity has killed our precious Earth. Global-warming is a vicious killer that was created by the humans on this Earth, and there s no way to cure it. We,as humans, have the power to cleanse the Earth, but instead we destroy it. Heat is absorded by carbon dixide and greenhouse gases. A greenhouse gas absorb thermal radiation emmited by the Earth s surface. As the sun s energy reaches the Earth’s surface some of it goes back out into spaceRead MoreThe Effects Of Global Warming On The Earth901 Words   |  4 Pages What is Global Warming? Countless feel as if it is a natural phenomenon that the Earth cycles through. They are terribly mistaken. 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