...Vigilantes in Modern Cinema: Dirty Harry and Taxi Driver The focus of this paper will be the vague distinctions presented between the criminal and the vigilante through an examination and comparison of the films Dirty Harry and Taxi Driver. The inquiry will be concentrated on a character analysis of the Dirty Harry's protagonist, Harry Callahan, antagonist, Scorpio, and Taxi Driver's (anti)hero Travis Bickle. These three characters will be reviewed in their relationship to violence, justice, and purpose. To start, I must admit that the film Dirty Harry struck me as terribly unrealistic. Harry Callahan and Scorpio appeared so absurd simply because they were so incredibly unambiguous, a quality that made the film smack of propaganda. The production crew of Dirty Harry did almost all the thinking for the viewer. At no point in the film would any rational viewer have condoned the actions of Scorpio or condemned Dirty Harry for doing his utmost to stop this incredibly perverse criminal. This was an exceedingly underhanded ploy that exploited the viewer's sense of righteous indignation by concocting exceptional situations where any abuse of jurisprudence could be easily pardoned by the spectator. After recognizing the very obvious fact that Scorpio is the archetypal “bad-guy” one cannot help but notice his doubtful persona. First he kills a woman swimming on a roof-top pool, why? Perhaps she was wealthy, he was making a political statement. Only Harry discovers his note...
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...1 Mathew 5:44 Patrick Fries ASB 1098 – BIL 102 March 3, 2012 I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Catalog relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University. Mathew 5:44 2 Few tasks an person faces are more emotionally or mentally challenging than that of managing conflict. And yet, conflict is a fact of life in this world, so it’s crucial that all people learn how to manage it with an eye toward positive closure. Over the course of a lifetime, every eperson will have countless opportunities to work with others through relational, philosophical and methodological differences. On occasion those differences may lead to personal strife, and the person’s opponent may appear to be an enemy. At such times the words of Jesus in his Sermon on the Mount will take on added significance: “But I say unto you, Love your enemies, bless them that curse you, do good to them that hate you, and pray for them which despitefully use you, and persecute you;” (Matthew 5:44) What is Matthew...
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...THE JOURNAL OF FINANCE • VOL. LV, NO. 6 • DEC. 2000 Hostility in Takeovers: In the Eyes of the Beholder? G. WILLIAM SCHWERT* ABSTRACT This paper examines whether hostile takeovers can be distinguished from friendly takeovers, empirically, based on accounting and stock performance data. Much has been made of this distinction in both the popular and the academic literature, where gains from hostile takeovers result from replacing incumbent managers and gains from friendly takeovers result from strategic synergies. Alternatively, hostility could ref lect strategic choices made by the bidder or the target. Empirical tests show that most deals described as hostile in the press are not distinguishable from friendly deals in economic terms, except that hostile transactions involve publicity as part of the bargaining process. THE PERCEPTION OF HOSTILITY in American takeovers has had important connotations in both the popular and the academic literature. Unwelcome bids are often perceived to threaten at least some of the stakeholders in target corporations, leading to extensive defensive reactions by the management of the target firm. In contrast, friendly takeovers are often seen to create synergies that make both the bidder and the target firm better off ~see, for example, Mørck, Shleifer, and Vishny ~1988, 1989!!. The distinction between hostile and friendly takeovers is also important if removing an inefficient target management team creates the gains from hostile takeovers...
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...THE JOURNAL OF FINANCE • VOL. LXIV, NO. 3 • JUNE 2009 Do Stock Mergers Create Value for Acquirers? PAVEL G. SAVOR and QI LU∗ ABSTRACT This paper finds support for the hypothesis that overvalued firms create value for long-term shareholders by using their equity as currency. Any approach centered on abnormal returns is complicated by the fact that the most overvalued firms have the greatest incentive to engage in stock acquisitions. We solve this endogeneity problem by creating a sample of mergers that fail for exogenous reasons. We find that unsuccessful stock bidders significantly underperform successful ones. Failure to consummate is costlier for richly priced firms, and the unrealized acquirer-target combination would have earned higher returns. None of these results hold for cash bids. THE LATE 1990S WITNESSED a large mergers and acquisitions wave. Many transactions involved equity as the mode of payment (Andrade, Mitchell, and Stafford (2001), Holmstrom and Kaplan (2001)), and this equity was usually very richly valued by historical standards. The positive correlation between market valuation and merger activity has also been documented in other periods (Martin (1996), Verter (2002)) and is especially strong for stock deals (Maksimovic and Phillips (2001)). One interpretation of this evidence is that managers try to time the market by paying with stock when they believe it is overvalued. Recently, a number of papers formally recognized this link between possible...
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...FINC20006 ORGANISATIONAL FINANCE TERM 1 2014 FINC20006 ORGANISATIONAL FINANCE TERM 1 2014 Assestment task 2 Bisweek Online Services Lect /Tute: Kate Wylie Due date: 10 April, 2014 Assestment task 2 Bisweek Online Services Lect /Tute: Kate Wylie Due date: 10 April, 2014 Yi Zhuojun Student number: s0248180 Diana Carolina lopez Student number: s0255675 Yi Zhuojun Student number: s0248180 Diana Carolina lopez Student number: s0255675 Question 1 If the handout from government is put in a special bank savings account with 6% p.a interest compounded yearly and it will be deposited in that account for average 20 years. Thus, the amount of money at the average person’s retirement age will be the future value of the current $10,000 with 6% p.a interest compounded yearly. n is the average years for the handout sitting in the bank savings account and generating interests. i is the interest rate, which is 6% p.a in this investment. PV is the present value of the handout, which is $10,000. FV is the future value of this handout after 20years. n=64-44=20 FV=PV(1+i)n=10,000(1+0.06)20=32,071.35 In short, if this handout from the government is put in a special bank savings account with 6% p.a. interest compounded yearly, it will grow to $32,071.35 in 20 years. Question 2 If the handout from government is put into the sharemarket for 20 years with average return of 12% p.a, the amount at the average person’s retirement age will be much...
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...ROOT LIST |1 |A, An |not, without (apathy) | |2 |Ab, a |from, away, apart (abnormal) | |3 |Ac, acr |sharp, sour (acrid, acid) | |4 |Act, ag |do, act, drive (active) | |5 |Ad, a |to, toward (advent) | |6 |Ali, altr |another (alimony) | |7 |Am, ami |love, friend (amicable) | |8 |Ambi, amphi |both (amphibian) | |9 |Ambl, ambul |walk (ampulate) | |10 |Anim |mind, spirit, breath (animal, | | | |animate) | |11 |Ann, enn |year (annual) | | | | | |12 |Ante, ant |before (antebellum) | | | | | |13 |Anthrop |man (anthropology) | |14 |Anti, ant |against, opposite (antivirus) | |15 |Auc, aug, aut |originate, increase (augment) | |16 |Aud |hear (audio) | |17 |Auto |self ( autocracy) | |18 |Belli, bell |war (bellicose) | |19 |Bene, ben |good (benefactor) | |20 |Bi |two (binary) | |21 |Bibilo...
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...decision biases, evaluates the a priori arguments and the capital market evidence bearing on the importance of investor psychology for security prices, and reviews recent models. The best plan is . . . to profit by the folly of others. — Pliny the Elder, from John Bartlett, comp. Familiar Quotations, 9th ed. 1901. IN THE MUDDLED DAYS BEFORE THE RISE of modern finance, some otherwisereputable economists, such as Adam Smith, Irving Fisher, John Maynard Keynes, and Harry Markowitz, thought that individual psychology affects prices.1 What if the creators of asset-pricing theory had followed this thread? Picture a school of sociologists at the University of Chicago proposing the Deficient Markets Hypothesis: that prices inaccurately ref lect all available information. A brilliant Stanford psychologist, call him Bill Blunte, invents the Deranged Anticipation and Perception Model ~or DAPM!, in which proxies for market misvaluation are used to predict security returns. Imagine the euphoria when researchers discovered that these mispricing proxies ~such * Hirshleifer is from the Fisher College of Business, The Ohio State University. This survey was written for presentation at the American Finance Association Annual Meetings in New Orleans, January, 2001. I especially thank the editor, George Constantinides, for valuable comments and suggestions. I also thank Franklin Allen, the discussant, Nicholas Barberis, Robert Bloomfield,...
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...¿Es la tomografía computarizada útil en la evaluación de las fracturas de radio distal? Fabio Suárez, M.D.*, Aída García, M.D.**, Julián Escobar, M.D.*** * Director del programa de supra especialidad de Cirugía de Mano y Miembro Superior, Hospital Militar Central, Universidad Militar Nueva Granada, Servicio de Ortopedia y Traumatología, Hospital Militar Central. ** Docente, grupo de Cirugía de Mano, Hospital Militar Central, Universidad Militar Nueva Granada, Servicio de Ortopedia y Traumatología. *** Residente tercer año, Hospital Militar Central, Universidad Militar Nueva Granada, posgrado de Ortopedia y Traumatología. Correspondencia: Cra. 24 No 87-15 julian_escobar@hotmail.com Fecha de recepción: marzo 19 de 2010 Fecha de aprobación: agosto 22 de 2010 132 Rev Col Or Tra Suárez F, García A, Escobar J of ages, male and female, including traumas of loss, moderate and high energy, analyzed the x-rays and CT with three-dimensional reconstruction by 2 orthopedics hand surgeons of independent form, using the same element of measurement, we analyze the height, the variance, the radial inclination, tilt radial, the evidence of step and intra-articulate fracture, the age, side of lesion and the sex; comparing the radiographic findings with the findings in the CT and the three-dimensional reconstruction. The main findings show the evidence of intra-articulate fracture extension do not diagnose in x-rays in 56.3% of the cases, modifying the therapeutic conduct in most...
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...| | | | | | | | |Marcel Mauss (1923-1924) | | | | | | | | | | | | ...
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...THE JOURNAL OF FINANCE • VOL. LX, NO. 4 • AUGUST 2005 Private Equity Performance: Returns, Persistence, and Capital Flows STEVEN N. KAPLAN and ANTOINETTE SCHOAR∗ ABSTRACT This paper investigates the performance and capital inf lows of private equity partnerships. Average fund returns (net of fees) approximately equal the S&P 500 although substantial heterogeneity across funds exists. Returns persist strongly across subsequent funds of a partnership. Better performing partnerships are more likely to raise follow-on funds and larger funds. This relationship is concave, so top performing partnerships grow proportionally less than average performers. At the industry level, market entry and fund performance are procyclical; however, established funds are less sensitive to cycles than new entrants. Several of these results differ markedly from those for mutual funds. THE PRIVATE EQUITY INDUSTRY, primarily venture capital (VC) and buyout (LBO) investments, has grown tremendously over the last decade. While investors committed less than $10 billion to private equity partnerships in 1991, they committed more than $180 billion at the peak in 2000 (see Jesse Reyes, Private Equity Overview and Update 2002). Despite the increased investment in the private equity asset class and the potential importance of private equity investments for the economy as a whole, we have only a limited understanding of private equity returns, capital f lows, and their interrelation. One of the main obstacles...
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...T H E J O U R N A L THEORY & PRACTICE FOR FUND MANAGERS O F FALL 2013 Volume 22 Number 3 RISKBASED PORTFOLIOS special section The Voices of Influence | iijournals.com Pursuing the Low Volatility Equity Anomaly: Strategic Allocation or Active Decision? ERIK KNUTZEN ERIK K NUTZEN is the chief investment officer at NEPC LLC in Cambridge, MA. eknutzen@nepc.com FALL 2013 JOI-KNUTZEN.indd 75 I n the past several years, asset managers have built investment strategies based on historical evidence that lower volatility stocks earn superior risk-adjusted returns. These approaches are being called low volatility, managed volatility, minimum variance, or similar names. They seek to exploit what has been identified in studies by academics and practitioners alike as an equity pricing anomaly. This anomaly joins previously identified persistent stock market inefficiencies associated with low price-tobook and smaller company shares. This article evaluates the low volatility anomaly, its potential causes, whether it is likely to persist, and the role, if any, of low volatility equity investing in long-term investment programs. Based on historical information, we conclude that the low volatility equity anomaly appears to exist and can be explained by certain behavioral and structural biases of investors. But its continued existence into the future is less certain. We also observe that even well-documented anomalies experience multi-year...
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...TeAM YYePG Digitally signed by TeAM YYePG DN: cn=TeAM YYePG, c=US, o=TeAM YYePG, ou=TeAM YYePG, email=yyepg@msn. com Reason: I attest to the accuracy and integrity of this document Date: 2005.03.07 10:24:14 +08'00' T HE MANAGEMENT BIBLE T HE MANAGEMENT BIBLE BOB NELSON PETER ECONOMY John Wiley & Sons, Inc. Copyright © 2005 by Nelson Motivation, Inc. & Peter Economy, Inc. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or other wise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 6468600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness...
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...THE MANAGEMENT BIBLE TEAM LinG - Live, Informative, Non-cost and Genuine ! TEAM LinG - Live, Informative, Non-cost and Genuine ! THE MANAGEMENT BIBLE BOB NELSON PETER ECONOMY John Wiley & Sons, Inc. TEAM LinG - Live, Informative, Non-cost and Genuine ! Copyright © 2005 by Nelson Motivation, Inc. & Peter Economy, Inc. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or other wise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 6468600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties...
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...I. Justification of Punishment a. Theories of Punishment and Purpose of Criminal Law Sentencing i. Deterrence 1. Utilitarian concept, forward-looking, premise: humans will act in their own interest 2. Individual Deterrence: general public is protected 3. General Deterrence: helps to protect public at large, justified on grounds of 1) prevention of crime by threat of arrest, conviction, punishment 2) prevention of crime by strengthening of moral norms 3) prevention of crime by stimulating law-abiding contact based on the impulse to conform. 4. Criticisms: 1) ineffective in cases where criminal is motivated by emotional concerns 2) one person might be used as a means to an end in order to deter others and benefit society as a whole ii. Retribution 5. Premise: humans act under free will and must be punished when they choose to violate society’s norms, backward-looking 6. Based on proportionality of punishment: the evil done to the victim is paid back to the perpetrator iii. Rehabilitation/Reform 7. Criticisms: 1)allocating resources to those who least deserve them 2) remaking humans with what society deems is the best 3) assuming that humans can simply be reconditioned iv. Incapacitation 8. Renders def unable to cause further harm to society 9. Criticisms: 1) too costly 2) ineffective in reducing recidivism 3) further...
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...TRANSLATION QUALITY ASSESSMENT Translation quality assessment has become one of the key issues in translation studies. This comprehensive and up-to-date treatment of translation evaluation makes explicit the grounds of judging the worth of a translation and emphasizes that translation is, at its core, a linguistic operation. Written by the author of the world’s best known model of translation quality assessment, Juliane House, this book provides an overview of relevant contemporary interdisciplinary research on translation, intercultural communication and globalization, and corpus and psycho- and neuro-linguistic studies. House acknowledges the importance of the socio-cultural and situational contexts in which texts are embedded, and which need to be analysed when they are transferred through space and time in acts of translation, at the same time highlighting the linguistic nature of translation. The text includes a newly revised and presented model of translation quality assessment which, like its predecessors, relies on detailed textual and culturally informed contextual analysis and comparison. The test cases also show that there are two steps in translation evaluation: firstly, analysis, description and explanation; secondly, judgements of value, socio-cultural relevance and appropriateness. The second is futile without the first: to judge is easy, to understand less so. Translation Quality Assessment is an invaluable resource for students and researchers...
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