Essay on Romantics and Merchants in The Merchant of Venice :: Merchant Venice Essays

Romantics and merchants in The Merchant of Venice Shakespeares comedies usually follow a clear defined pattern. He presents a conflict, and the characters eventually resolve the conflict in a relatively happy ending, which involves marrying off the hero and his entourage to the heroine and her companions, leaving the villain outside the magic circle of protagonists. In The Merchant of Venice, Antonio is presented as the hero, and Shylock the villain, but neither is within the circle of marriages at the end of Act V. In fact, Antonios depression exposed at the beginning of the play seems unresolved at the end, and he goes on his melancholy way, as he supposes he must. Can The Merchant of Venice, then, be considered a true comedy? The strongest argument discounting Merchant as a true comedy is that though Antonio appears to be the major protagonist in the story, he is also as far outside the magic circle as his villain, Shylock. While Bassanio, Portia, and their associated parties marry off at the end of Act V, Antonio is left hand to his ships and his money, still going about his depressed way. At the beginning of the play, Antonio expresses his dissatisfaction with his situation to his friends. I hold the world but as the world, Gratiano, a stage where every man must play a part, and mine a sad one (I.i.81-83). Throughout the play, and Shylocks relentless pursuit of his macabre repayment, Antonio remains in this dreary, defeated state. He seems almost too eager to end his suffering at the hands of his debtors and his apparently lost business. Grieve not that I am falln to this for you, he tells Bassanio in court, for herein Fortune shows herself more kind than is her custom it is still her use to allow the wretched man outlive his wealth, to view...an age of poverty, from which lingring penance of such(prenominal) misery doth she cut me off (IV.i.278-284). He begs the court to make no more attempts to save his life, comparing such futile endeavors to aba te the flood irrigate or question the wolfs killing of sheep (IV.i.71-84). Completely resigned to his grisly fate, he announces, I am a tainted wether of the flock, meetest for death. The weakest kind of fruit drops earliest to the ground, and so let me (IV.i.116-118). Even in Act V, after the dispute with Shylock is decided in Antonios favor, the melancholy merchant plays no role in the resolution of the play.

Essay on the Character of Caleb Trask in John Steinbecks East of Eden :: East Eden Essays

The Character of Caleb Trask in East of Eden Cal Trask is one of the most complex characters in John Steinbecks East of Eden. Through Cals childhood experiences, his personalised motives, and his internal conflict, Steinbeck shows the development of Cals character. First of all, the most important childhood experience which affects Cals life is Adams 12 year abandonment of his sons. Since Cathy ran away, the twins have no vex figure to give them tenderness as they grow up. This absence of open affection leaves Cal unable to express his needs for love and attention. Only Lee, the Chinese servant, is in that location to guide Cal and Aron. Since Cal is the more dominant of the two brothers, he learns to earthly concernipulate Aron and others around him. He takes this role because, while no one liked Cal very much... Aron force love from every side(Steinbeck 551). Lee observes that hes Cal fighting for his life and his brother doesnt have to fight for his fathers love and affe ction(386). Cals well-intentioned motives are mostly aimed at gentle his fathers love. He sacrifices his pride and asks Will Hamilton to help him raise money to replace the money Adam lost in the lettuce adventure. When Adam rejects the money, he in meat rejects Cal, which is brutal, and unfeeling, and this after he had begun a cordial relationship with his son(Fontenrose 375). Cal is so distraught that he lashes out at Aron, his fathers favorite(a) son, by telling him the the true about their mother. This act is a contrast to a similar crossroad earlier in the novel when Cal doesnt tell Aron the truth about his mother because he didnt think Aron could handle it at all (586). Cal also withholds the information in an effort to be good, and because Cal knows that the revelation of his knowledge of this secret would bring pain to Adam, the man he loves the most. Finally, Cal is faced with his internal struggle of good versus evil. This struggle is partly caused by his traumatic ch ild experiences. He struggles with the question of whether his evil actions are the prove of his own evilness or his mothers wickedness. He tries to combat this wickedness that he sees within himself by trying to acquire affection, especially his fathers, through good whole caboodle and being more pleasant towards other. However, he strikes out at others whenever he feels rejected by Adam, and he fights the urge to strike out at Aron, who Cal believes is Adams favorite son, by using his most devastating weapon---the truth about their mother.

north and south korea from (1953 to present) :: essays research papers

After the conclusion of Korean War in 1953 the North and the South became hostile to each other. During this period of confrontation which lasted cashbox the seventies Beijing emerged as North Koreas closest ally. But, especially after the Sino-Soviet split Moscow competed for influence by providing arms to the Kim Il Sung regime. The join States felt concerned about the dangers of war damaging its key Asian ally Japan and encouraged South Korea to concentrate on economic development. With satisfying American support heavy Japanese investment and strong arm-military rule in Seoul, the South Korean economy began to boom. In the North the rule of put Kim Il Sung continued uninterrupted through the seventies. However in South Korea General Park Chung Hee seized power in 1961 after Rhees flight to how-do-you-do in 1960. Park was selected President in 1963, 1967 and 1971. By this time idea of reunification of North and South gained ground. As a result both the Koreas held dialog in 1972 and 1979 on the peaceful unification of fatherland but no success could be achieved because South did not concede the withdrawal of foreign parade from its soil. Martial law was declared in the South in May 1980 when the students agitated for political reforms. The year 1984-85 witnessed resumption of talks for unification but these in addition did not go beyond a few dozen visits in either direction to see relatives. In 1988 the South Korea gained international prestige by hosting Olympic Games in Seoul. In September 1990 South Korea developed full diplomatic relations with Moscow and later on held Prime Ministerial flush with North Korea. After the disintegration of USSR, North Korea could see it was under increasing pressure to capitulate to the South. Russian aid dried up and China treasured calm environment.

Euthanasia: A Painless Deaceful Death Essay -- Argument for Euthanasia

mercy killing is a painless peaceful death. Euthanasia is defined as the deliberate putting to death of a person trauma from a painful, incurable disease(New Standard Encyclopedia Dictionary). People use other terms to describe euthanasia mercy killing, assisted felo-de-se, and physician assisted suicide. Euthanasia fecal matter be unresponsive, (inactive) or active. Unresponsive euthanasia occurs when an incurably ill person refuses life sustaining medical support. Active euthanasia happens when a nonher person purposely causes the death of a terminally ill person, such as when someone dampens a terminally ill person a lethal injection. Euthanasia can also be voluntary or involuntary. Voluntary euthanasia occurs with the consent of the dying person, while involuntary euthanasia happens when the dying person doesnt give their consent. The right to die term used in the support of euthanasia started in the 1970s. It describes the rights of those that are terminally ill or those t hat are seriously injured. It started in the 1970s with the case of Karen Ann Quinlan from New Jersey. Karen fell into a coma from the use of drugs and alcohol. Being kept alive with a respirator and feeding tube, her parents decided on pulling the plug and ending her life. In 1976, Karen was hospitalized in a Catholic Hospital. The hospital refused the parents request to end her life. The Supreme Court of New Jersey command that the parents of Karen Ann Quinlan had the right to decide their daughters fate. This decision started the right to die issues (Charles E Hughes). Neutralization whos against it and whos for it, some of the arguments against euthanasia are that suicide no matter how or why is wrong. Under special conditions even the Catholic Church... ...e is a quote The care of human life and happiness and not their destruction is the first and only legitimate object of good government (Thomas Jefferson). at that place is no quality of life when the patient is dead (Nurs e). ConclusionThere are good sides and bad sides to euthanasia. It all depends on which side youre on. The main idea is that a patient should have a select and that choice cant be taken away from them. People make choices everyday, sometimes those choices are difficult, but those choices should not be taken away by the government, or buy a physician who thinks their patient cannot make a competent decision. The elderly and the terminally ill should be able to make their profess choice. It seems as if everything else is taken away, so their rights should not be an exception. Given the choice, seniors might feel as if they are dying with dignity.

Changes in Nursing :: Nursing, Medicine, Article Review

The article I chose discusses the continual change in the roles of nurses. The article as well poses a concept that breast feeding now is not based on caring, but medicine. By accepting continual changes to the role of the nurse, the core function of nursing has become obscured and, despite assuming medical tasks, the occupation continues to be seen in terms of a role that is subordinate to and dependent on medicine. (Iley 2004) Nurses are winning a more professional role, and more tasks are being delegated to assertive personnel. Therefore, with all these changes occurring, the role of the enrolled nurse is unclear. Previously, having two levels of qualified nurse in the linked Kingdom had been seen as problematic for health service managers and nurses themselves, and the ending of enrolled nurse programs in 1992 helped to solve this problem. (2004) The study in this article gathered the characteristics of enrolled nurses and differentiated the groups converting to registered nu rses, groups in the process of conversion, and groups interested or not interested in conversion. This study reveals the situation of enrolled nurses in context of continuing towards the professionalization of nursing. The data from this study nourish the possibility that the role of nurses as direct caregivers is seen as a positive dimension of the work they undertake. (2004) The findings imply that nurses need to get back to being caregivers, preferably of concentrating on obtaining professional status in medicine.The significance of this article is that nursing is continually changing. The role of the nurse will always be based on direct care giving, however, nursing as an occupation is professional.

The Hazard of Bulglarly Essay -- Papers

The Hazard of Bulglarly The hazard of burglary has signifi send wordt impacts on people and the surround in which they live, and these can be identified well. Consequently this hazard can be prevented and/ or managed effectively. A hazard is an event that affects or threatens people or property. Burglary is a common, frequently occurring hazard. Burglary is the unauthorised entry into a building as a trespasser in order to steal. An offence of burglary is recorded by the guard if a person enters any building as a trespasser with intent to commit an offence of theft, rape, GBH, or unlawful damage. Burglary does not necessarily film forced entry. The 2001 British Crime Survey (BSC) estimates that there were a total of 1,063,000 burglaries against domestic properties in the year 2000. The majority of burglaries occur in urban argonas and are less frequent in rural fiel d of views. Burglary has many different types of impacts on people and the surrounding environment, these are not always easy to identify as people are reluctant to admit any emotional upset, especially males. One of these impacts is the cost of burglary. The mean cost of burglary in 1998 was 1416. The factors that affect this cost the nearly are property stolen, damage to inside of property and damage to outside of property. Burglary also increases the cost of the individuals home insurance and if the chore is reoccurring the insurance premiums for the whole area will increase as a result of this. The most common goods to be stolen are electrical goods and cash, one of the main effects of burg... ...vents per dwelling in the SBD sample of 660. Finally marking property with a pen which can be read under ultraviolet light is an effective way of increase the chance that stolen property may be returned to the owner if recovered by the police. Simple c ommon mistakes are also a cause of burglary which can easily be prevented such as having large amounts of cash on display or within the property, leaving car keys on display and leaving doors unlocked. These can easily be avoided and will prevent a sneak-in burglar from easily removing expensive property such as cars. Overall burglary is a common problem which can be managed and even prevented by spending a small amount of money on security devices such as a burglar alarm and strong door locks. Increasing awareness of the problem also decreases burglary numbers.

The Hazard of Bulglarly Essay -- Papers

The Hazard of Bulglarly The hazard of burglary has signifi stoolt impacts on people and the environment in which they live, and these cease be identified tardily. Consequently this hazard can be prevented and/ or managed effectively. A hazard is an event that affects or threatens people or property. Burglary is a leafy vegetable, frequently occurring hazard. Burglary is the unauthorised entry into a building as a intruder in order to steal. An offence of burglary is recorded by the police if a person enters any building as a trespasser with intent to commit an offence of theft, rape, GBH, or unlawful damage. Burglary does not necessarily involve forced entry. The 2001 British Crime Survey (BSC) estimates that there were a innate of 1,063,000 burglaries against domestic properties in the year 2000. The majority of burglaries occur in urban areas and are less frequent in rural areas. Burglary has many different types of impacts on people and the surrounding environment, these are not always easy to identify as people are reluctant to admit any emotional upset, peculiarly males. One of these impacts is the cost of burglary. The mean cost of burglary in 1998 was 1416. The factors that affect this cost the most are property stolen, damage to inside of property and damage to removed of property. Burglary too increases the cost of the individuals home insurance and if the problem is reoccurring the insurance premiums for the whole area will increase as a result of this. The most common goods to be stolen are electrical goods and cash, one of the main effects of burg... ...vents per dwelling in the SBD sample of 660. Finally marking property with a pen which can be read under ultraviolet light is an effective way of increasing the chance that stolen property may be returned to the owner if recovered by the police. S imple common mistakes are also a cause of burglary which can easily be prevented such as having large amounts of cash on vaunting or within the property, leaving car keys on display and leaving doors unlocked. These can easily be avoided and will prevent a sneak-in burglar from easily removing expensive property such as cars. Overall burglary is a common problem which can be managed and even prevented by spending a short amount of money on security devices such as a burglar alarm and strong door locks. Increasing awareness of the problem also decreases burglary numbers.

Business Insight_LGT

Vims Innovative Services & Solutions can help complication-Telecoms get egress of his poison and attain second position In the future or gain bigger market share. 2. node Name microscope stage Telecoms LEG Telecoms Co. Ltd. Provides quick telecommunications products and suffices primarily in Korea. The company offers wireless Internet service, ex-l, which provides a range of content, email, character/melody downloads, games, stock trading/banking, entertainment, shopping/reservations, and traffic data/location-based service.Further, the company provides mobile telecommunication network technology, including network design, setup, optimization, and operation, as well as consulting for data services related to WAP-based wireless Internet service base setup, JAVA/JOINS-enabled handset solutions, and multimedia application technology. As of September 30, 2004, It had 6 million subscribers. LEG Telecoms was founded In 1996 and is headquartered in Seoul The smallest of Koreans thre e mobile carriers is the donee of a government policy to support smaller operators.A unit of LEG Group, the countrys second-largest conglomerate, LEG Telecoms increased its customers by 26% in 2004, when the overspent introduced number portability, which allows subscribers to keep their earphone number when changing service providers. LEG, the weakest of the three local mobile players, is the only one upgraded to G networks on Just last year. To make up for the disadvantage, Its hammer alliances with banks and brokerage houses to offer mobile fiscal services.LEG uses Its participatorship with banks to expand Its retail presence It sells phones and signs up new subscribers at 2,800 bank branches in addition to its 580 storefronts. It interchange well 3. The Industry There are three mobile service companies in Korea market. SKY Telecoms is top reformer, gaining over 50% market share in this matured market. And the rev. Size is also outstanding. On the one hand, LEG Telecoms is 3rd position in business volume and market share as well. material body 1 Business Performance in 2006 But notable things are that Net-income of LEG Telecoms is far bigger than KIT and specially growth rate of rev. As best performer in last year. And also market share was slightly increased. So I expect rattling though competition for second position between two companies leave behind be sustained for a while. Figure 2 By mobile phone subscribers Source Never monetary Reports Figure 3 Hot competition for industry players . Comparative Analysis Marketing Analysis Market Segmentation Three telecoms companies name made Korea big market for mobile services during several years with advanced services. The service providers lay down already enjoyed selling mobile services for the last several years.But theyre approach with the limitation of growth in local market because almost people already are subscribers of mobile service now. So they compete with others for having the customers of competitors change their true service provider. However, 36 mobile service which was introduced from a couple of years ago ordain be a big and grievous chance for their equines growth. around people already are using 36 mobile service and more people will change our mobile service from current 26 to 36 in the near future. And at this point, many people will consider about changing their service provider according to price antecedent and service quality.Bigger mobile carriers SKY Telecoms and KIT embarked on 36 services midway through the year before last and expanded their and SKY Telecoms has force half a million over the past year but LEG Telecoms has jumped onto the bandwagon of 36 mobile services on June last year. So LEG telecoms has some risk for this business as late player. On the other hand, the biggest player, SKY Telecoms is focusing on oversea expansion of their business now and they already made keen business results from china and several Asia countries. But the rest two players dont seem to have enough readiness for oversea business.So LEG telecoms have to focus on attacking local 36 mobile market with value added service and competitive price. And that will be the most important calculate for gaining 2nd position For this, they need to adopt advanced infra such as IP voicing and cost effective IT infra as well. fiscal Analysis Table 1 Key Profitability Ratios Source Never Financial Reports (PEPSwon,) Figure 5 ROAR Trend LEG Telecoms profitability factors, particularly last two years ROAR shows collapse performance than competitor KIT and sound growth rate but the gap to SST is still shown. So LEG Telecoms should make an effort for better ROAR.Better ROAR can help them in making continuous price competitiveness for G mobile service. For better For better ROAR, They should focus on cost reduction through current IT infra optimization and etc. And also cost-effective assignment will be very important on NW infra improvement which is necessary for successful G mobile service business. 5. Sales Proposal The IBM solutions To secure competitive service price through cost reduction and better service quality through NW infra improvement will be the most important factors for success of G solution for it. Network development and Management solution 1 .ONION/ANA C.V. -IBM Network infrastructure / Application Optimization Consulting Strategy Present streamlined way for improvement and To-be model of current NW Infra through detail and accurate end to end depth psychology by IBM NW consultants. arrive at Customer can know the priority of investment for NW infra improvement and Through that, they will be able to purchase NW equipment and murder revive with cost-effective. 2. Network Transformation service for IP network development That can help to transform your network to a converged, IP-based network while livelihood your unique business strategies.These solutions can help you enhance control over key compon ents of your network operations, and help secure your network infrastructure and simplify customer, partner and supplier interactions for better G service quality Cost reduction solution 1. Information Lifestyle management for Infra Optimization Strategy Telecoms companies have huge data and data surface will grow more rapidly with contents for G bile service in near the future. So one of the largest portion of IT infra budget would be storage related cost. So one of the most efficient way for cost reduction will be storage optimization through data rationalization. Benefit IBM service has a plenty experience and well-defined methodology and various SW and emit for ELM consulting and implementation. We can cover unstructured data like image, voice and data base as well. Im sure Storage Infra TCO of LEG Telecoms will be reduced sharply through tiered storage based archiving or remove of old and unused data. Also optimization of DB size will help for better performance of applica tion so LEG- Telecoms wont need to buy a lot of high-end servers like now. That is also cost reduction factor. 6.Prospects for the Client LEG Telecoms is still the smallest player among three major players in mobile service market. But they has shown good result with sound business growth and met their objective lens during last several years with their creative market strategy. But for gaining bigger market-share and 2nd position, they need to prepare more attractive service price and good quality service, especially, that will be more important under new G market. Effort for cost reduction and, aggressive but cost-effective invest for NW infra improvement will be able to make his position better. . Conclusion and Making Changes to the Sales Approach solution on the grounding of IT market analysis and CIO interview. And also business plan and deal closing strategy has been focused on customers IT strategy. But through this class, I could improve financial analysis skill and learn about approach based on analysis of customers overall business pain point. The theoretical methodology for company analysis through case-study will be very helpful for our business activities even if thats short lecture.

Effects of Optimism on Psychological and Physical Health

Effects of Optimism on Psychological and Physical Health Heather LaBombard PSY/220 The definition of the word optimism is a favorable attitude some conditions or events in life. Some believe that optimistic views in life will turn out beneficial effects on psychological and physical health. However, excessive optimism depose consume harmful effects on psychological and physical health. Many tests and research have been done on nation to see if optimism does in accompaniment have an effect on psychological and physical health. accord to one of the articles that I researched about the effects of optimism on physical health suggested that people who have an optimistic view tend to engage in health-promoting actions such as not smoking, not drinking alcohol, watching their diet, using sunscreen, taking vitamins, and other health-related actions. According to the Encyclopedia of Health and Behavior Management (2004) there have been studies on people who optimistic about their lives and the studies have shown that the optimistic people are little likely to become sick or to develop a disease as a person who is pessimistic.In a study that monitored the blood force of people doing normal activities the results showed that a person who was optimistic had less of a chance of elevated blood pressure than a pessimist. Another study has shown that optimism crumb lead to faster recoveries from surgeries or an accident. . However, a person who has an optimistic view may think that everything will go his or her way and that nothing foundation go wrong for either one of them. This could lead them to taking behavioral risks, such as engaging in unprotected sex, drinking alcohol, doing drugs, smoking cigarettes and not taking care of their general health.I know that when I have been pessimistic about events going on in my life I have started to think unhealthy. I tend to become sick more often when I do not have a good attitude. When I do think optimistically I am full of energy and I act like I am happy. In my personal opinion I agree that optimism has an impact on physical health and it could be negative or positive. Optimism plays a part in psychological health. According to the article that I researched about the effects of optimism on psychological health optimists face challenges more effectively than pessimists and therefore benefit psychologically (Wimberley, Carver, & Antoni, 2008).The article is about women who have bosom cancer and how optimism plays a role in their well-being. Optimism is associated with a lower level of distress on tit cancer patients. Studies show that optimistic women who have chest of drawers cancer feel physically attractive (Wimberley, Carver, & Antoni, 2008). The breast cancer patients were also optimistic about interpersonal relationships, which is also psychologically rewarding. Studies have shown that optimistic people have better interpersonal relationships and social second therefore are more optimistic about their illness because they believe that they have a support system.An optimistic attitude about learning about the education of breast cancer also showed that the women had a better sense of well-being. Although being optimistic in life is good for psychological well-being, it can also bring some ill effects for a womanhood who has breast cancer. According to Pinquart, Frohlich, & Silbereisen (2007) a woman with breast cancer may develop an optimistic attitude about the diagnosis of breast cancer and expect a good outcome about side effects and the treatment. This does not happen very often, which could lead to psychological distress.I agree with both aspects of effects on psychological and physical health. A person who has a good attitude toward life in general tends to lead a healthier life physically and psychologically. However, having too much optimism in life may be damaging to a persons physical health and psychological health. As long as optimism is used in a positiv e way, a person can lead a happy and healthy life. References OPTIMISM, PESSIMISM, AND HEALTH. (2004). In Encyclopedia of Health and Behavior Management, Sage. Retrieved from http//www. credoreference. om/entry/sageeohabm/optimism_pessimism_and_health Pinquart, M. , Frohlich, C. , & Silbereisen, R. (2007). Optimism, pessimism, and miscellany of psychological well-being in cancer patients. Psychology, Health & Medicine, 12(4), 421-432. doi10. 1080/13548500601084271. Wimberly, S. , Carver, C. , & Antoni, M. (2008). Effects of optimism, interpersonal relationships, and distress on psychosexual well-being among women with early stage breast cancer. Psychology & Health, 23(1), 57-72. Retrieved from CINAHL Plus with Full Text database.

Marketing Study of Casinos

They add It absolutely clear what demographics they wanted to see Inside of their casino. They changed signs Inside the casino so Latino patrons could easily understand them. They brought In Spanish speaking dealers, entertainment and even made their most universal drink offer on the floor to be top-shelf tequila. Basically, the casino created an unseen logo that flashed we dole out Latino first. By creating the Latino casino brand, they were able to create a relationship where the patrons saw the casino as a second home A place where they could be comfortable.Additionally, the casino used the author of positioning. They raised the perception of Latino patrons In a good way by giving them the blood-red carpet treatment. If a patron washed-out $1000 in the casino, the staff treating them the same way the Lass Vegas casinos would treat their whale spenders. By using the power of positioning the Latino community felt as if they were respected and belong to a loyal company. More imp ortantly, their money no matter how little they spent was appreciated by the casino. Finally, and probably the most important principle used by the casino was segmentation.The casinos took the risk of basically Ignoring all other demographics ND strong all of their efforts toward the Latino community. The casino understood the demography of what things Latino valued, what music they wanted to hear, the type of food they wanted to eat and the liquor Latino preferable to drink. By successfully segmented their target audience the casino was able to see their once dying wrinkle revived with more customers than ever before. 3. This compend demonstrated the power of targeting your audience and making sure to meet the needs and desires of your target audience.Many companies throughout the world SE the same tactics used by the casino. I Like to use the Marine corp. as example on how they target certain groups of people to Join their ranks. First off their slogan has unendingly been The Few the Proud the Marines. Right off the back they are letting the public know that they are an elite group of people and very a couple of(prenominal) can join their ranks. This type of advertisement would appeal to an individual who wants to feel as if they are a part of a special group. Secondly, most of the man commercials display young men In tip top condition able to live In the wild and conquer almost any problem CE again appealing to a certain demographic of people who are young in shape and want to live a take exception adventurous lifestyle. The casino discussed used some of the same tactics as the Marines use to pull in their targeted customers. As illustrated in the reading, the company advertised with unconditioned signs in Spanish telling their customer to come play blackjack in their language. They brought Hispanic pop singers that the owners never heard of but knew he was popular In the decided to bring in conga drums Once again relating to the Latino culture.The most important lesson that I take away from this style of merchandising is to not be afraid to openly go after a certain demographic of buyers. Large companies like Asks, Gucci and Ferreira have been doing it for years by supply to the extremely rich. Well this example show how a small casino decided to cater to Latino only who according to the reading were not considered to be rich but hard working average to below average wage earning customers. Their gamble (no pun intended) paid off and help turn their business around. They went from declaring bankruptcy in 2009 to having all 2,600 rooms and the casino floor filled with customers.

Minicase San Pico

San Pico is a rapidly growing Latin American developing country. The country is blessed with miles of scenic beaches that befool attracted tourists by the thousands in recent years to new resort hotels financed by joint ventures of San Pico businessmen and moneymen from the Middle East, Japan, and the United States. Addition whollyy, San Pico has good natural harbors that are contributive for receiving imported merchandise from abroad and exporting merchandise produced in San Pico and otherwise surrounding countries that lack access to the sea.Because of these advantages, legion(predicate) new businesses are being started in San Pico. Presently, stock is traded in a cramped building in La Cobijio, the nations capital. Admittedly, the San Pico Stock Exchange arrangement is rather archaic. Twice a day an ex officio of the exchange will call out the name of each of the 43 companies whose stock trades on the exchange. Brokers wanting to buy or sell shares for their clients then mo vement to make a trade with one another.This crowd trading system has worked well for over one hundred years, but the government desires to replace it with a new recent system that will allow greater and more frequent opportunities for trading in each company, and will allow for trading the shares of the many new start-up companies that are expected to trade in the secondary market. Additionally, the government administration is rapidly privatizing many state-owned businesses in an attempt to foster their efficiency, obtain distant exchange from the sale, and convert the country to a more capitalist economy.The government believes that it would conduct this privatization faster and perhaps at more attractive prices if it had a modern stock exchange facility where the shares of the newly privatized companies will eventually trade. You are an expert in the operation of secondary stock markets and have been retained as a consultant to the San Pico Stock Exchange to offer your experti se in modernizing the stock market. What would you advise? Explain. Most new and renovated stock exchanges are being accomplished these days as either a partially or fully automated trading system.A fully automated system is e specificly beneficial for a small to medium size country in which there is only moderate trading in most issues. Such a system that deserves special note is the continuous National Integrated Market system of New Zealand. This system is fully computerized and does not require a physical structure. Essentially all buyers and sellers of a stock enter through their broker into the computer system the number of shares they desire to buy or sell and their required transaction price. The system is updated constantly as new purchase or sale orders are entered into system.The computer constantly searches for a match between buyer and seller, and when one is tack a transaction takes place. This type of system would possible serve San Picos needs very well. There is existing technology to implement, the bugs have been worked out in other countries, and it would satisfy all the demands of the demands of the San Pico government and easily accommodate growth in market activity MINI CASE SARA LEE CORP. S EUROBONDS The strange Finance in Practice boxed reading in the chapter discussed a three-year $100 million Eurobond issue by Sara lee Corporation.The article also mentions other bond issues recently placed by various foreign divisions of Sara Lee. What thoughts do you have about Sara Lees debt financing strategy? Suggested Solution to Sara Lee Corp. s Eurobonds Sara Lee is the ideal candidate to issue Eurobonds. The company has worldwide name recognition, and it has an excellent credit rating that allows it to place new bond issues easily. By issuing dollar denominated Eurobonds to Swiss investors, Sara Lee can bring new issues to market much more quickly than if it sold domestic dollar denominated bonds.Moreover, the Eurodollar bonds likely sel l at a lower yield than comparable domestic bonds. Additionally, it appears as if Sara Lee is raising funds in a variety of foreign currencies. Sara Lee most likely has large cash inflows in these same currencies that can be used to meet the debt service obligations on these bond issues. indeed Sara Lee is finding a use for some of its foreign currency receipts and does not have to be concerned with the exchange rate dubiety of these part of its foreign cash inflows.